Monthly Archives: December 2019

CLASS ACTION UPDATE for AZZ, YJ and BZUN: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / December 15, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

AZZ Shareholders Click Here: https://www.zlk.com/pslra-1/azz-inc-loss-form?prid=4890&wire=1
YJ Shareholders Click Here: https://www.zlk.com/pslra-1/yunji-inc-loss-form?prid=4890&wire=1
BZUN Shareholders Click Here: https://www.zlk.com/pslra-1/baozun-inc-loss-form?prid=4890&wire=1

* ADDITIONAL INFORMATION BELOW *

Azz, Inc. (NYSE: AZZ)

AZZ Lawsuit on behalf of: investors who purchased July 3, 2018 – October 8, 2019
Lead Plaintiff Deadline : January 3, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/azz-inc-loss-form?prid=4890&wire=1

According to the filed complaint, during the class period, Azz, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company's internal controls over financial reporting were not effective; (2) the Company improperly implemented ASC 606 which resulted in improper revenue reconciliations; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Yunji Inc. (NASDAQ: YJ)

YJ Lawsuit on behalf of: investors who purchased on behalf of shareholders who purchased or otherwise acquired Yunji American Depositary Shares pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company's May 2019 initial public offering.
Lead Plaintiff Deadline : January 13, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/yunji-inc-loss-form?prid=4890&wire=1

According to the filed complaint, (1) the Company was shifting certain of its sales to its marketplace platform; (2) this supply chain restructuring was likely to disrupt Yunji's relationships with suppliers; (3) this supply chain restructuring was likely to have an adverse impact on the Company's financial results; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Baozun Inc. (NASDAQ: BZUN)

BZUN Lawsuit on behalf of: investors who purchased Baozun American Depository Receipts between March 6, 2019 and November 20, 2019
Lead Plaintiff Deadline : February 10, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/baozun-inc-loss-form?prid=4890&wire=1

According to the filed complaint, (a) Baozun was heavily reliant upon a single brand partner, Huawei, for the exponential service fee growth it had been reporting historically, which was in turn fueling its historical revenue growth; (b) compared to other brands Baozun had as brand partners, the Huawei work had historically included a lot of additional add-on service fees, increasing the revenue reported from Huawei vis-a-via its other brand partners; (c) Huawei, like other large brands, was actively preparing to bring its online merchandising in-house, meaning Baozun knew that it was losing a significant brand partner; and (d) as a result of the foregoing, the Company was not on track to achieve the financial results and performance Defendants claimed the Company was on track to achieve during the class period.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 570294

SHAREHOLDER ALERT: TEUM MMSI PLT: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

NEW YORK, NY / ACCESSWIRE / December 15, 2019 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.

Pareteum Corporation (NASDAQ: TEUM)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/pareteum-corporation-loss-submission-form?prid=4895&wire=1
Lead Plaintiff Deadline: December 23, 2019
Class Period: December 14, 2017 to October 21, 2019

Allegations against TEUM include that: (a) it was not true that the Company's purported success was the result of hyper-demand for Pareteum's unique products or exceptional service, or the Company's competent management; but, in fact, Defendants had propped up the Company's results by manipulating Pareteum's accounting for revenues, income, and the important Backlog metric; (b) Defendants had materially overstated the Company's profitability by failing to properly account for the Company's results of operations and by artificially inflating the Company's financial results; (c) it was not true that Pareteum contained even the most minimally adequate systems of internal operational or financial controls necessary to assure that Pareteum's reported financial statements were true, accurate, and/or reliable; (d) as a result, it also was not true that the Company's financial statements and reports were prepared in accordance with GAAP and SEC rules; and (e) as a result of the aforementioned adverse conditions, Defendants lacked any reasonable basis to claim that Pareteum was operating according to plan, or that Pareteum could achieve the guidance sponsored and/or endorsed by Defendants.

Merit Medical Systems, Inc. (NASDAQ: MMSI)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/merit-medical-systems-inc-loss-submission-form?prid=4895&wire=1
Lead Plaintiff Deadline: February 3, 2020
Class Period: February 26, 2019 to October 30, 2019

Allegations against MMSI include that: (a) the integrations of acquired companies Cianna Medical, Inc. and Vascular Insights, LLC, including their products, sales people, and R&D facilities, had caused operational disruptions and reduced sales and were months behind schedule; (b) sales of acquired company products had slowed substantially due to pre-acquisition pipeline fill, in particular for Vascular Insights products which, as late as July 2019, had zero orders during FY19; and (c) in light of the foregoing, the Company's reported financial guidance for FY19 and FY20 was made without a reasonable basis.

Plantronics, Inc. (NYSE: PLT)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/plantronics-inc-loss-submission-form?prid=4895&wire=1
Lead Plaintiff Deadline: January 13, 2020
Class Period: July 2, 2018 to November 5, 2019

Allegations against PLT include that: (1) the Company had engaged in channel stuffing to artificially boost sales; (2) the Company's internal control over inventory levels was not effective; (3) the Company had not adequately monitored inventory levels ahead of multiple product launches, where the new models would displace demand for aging products; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

To learn more contact Vincent Wong, Esq. either via email vw@wongesq.com or by telephone at 212.425.1140.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com

SOURCE: The Law Offices of Vincent Wong

ReleaseID: 570299

CLASS ACTION UPDATE for SEE, HEXO and PRU: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / December 15, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

SEE Shareholders Click Here: https://www.zlk.com/pslra-1/sealed-air-corporation-loss-form?prid=4891&wire=1
HEXO Shareholders Click Here: https://www.zlk.com/pslra-1/hexo-corp-loss-form?prid=4891&wire=1
PRU Shareholders Click Here: https://www.zlk.com/pslra-1/prudential-financial-inc-loss-form?prid=4891&wire=1

* ADDITIONAL INFORMATION BELOW *

Sealed Air Corporation (NYSE: SEE)

SEE Lawsuit on behalf of: investors who purchased November 5, 2014 – August 6, 2018
Lead Plaintiff Deadline : December 31, 2019
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/sealed-air-corporation-loss-form?prid=4891&wire=1

According to the filed complaint, during the class period, Sealed Air Corporation made materially false and/or misleading statements and/or failed to disclose that: (a) Sealed Air had hired its auditor, E&Y, pursuant to a conflicted and improper process and in order to help facilitate defendants' efforts to engage in accounting fraud; (b) Sealed Air's deduction of $1.49 billion in connection with the Settlement was indefensible and done for the improper purpose of artificially inflating the Company's financial results; (c) Sealed Air had artificially inflated its earnings, cash flows, and operating income during the Class Period; (d) as a result of the above, Sealed Air's Class Period financial statements were materially false and misleading and not prepared in conformance with GAAP; and (e) as a result of the above, Sealed Air's statements regarding its financial results, business, and prospects were materially misleading.

HEXO Corp. (NYSE: HEXO)

HEXO Lawsuit on behalf of: investors who purchased January 25, 2019 – November 15, 2019
Lead Plaintiff Deadline : January 27, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/hexo-corp-loss-form?prid=4891&wire=1

According to the filed complaint, during the class period, HEXO Corp. made materially false and/or misleading statements and/or failed to disclose that: (1) HEXO's reported inventory was misstated as the Company was failing to write down or write off obsolete product that no longer had value; (2) HEXO was engaging in channel-stuffing in order to inflate its revenue figures and meet or exceed revenue guidance provided to investors; (3) HEXO was cultivating cannabis at its facility in Niagara, Ontario that was not appropriately licensed by Health Canada; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Prudential Financial, Inc. (NYSE: PRU)

PRU Lawsuit on behalf of: investors who purchased February 15, 2019 – August 2, 2019
Lead Plaintiff Deadline : January 27, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/prudential-financial-inc-loss-form?prid=4891&wire=1

According to the filed complaint, during the class period, Prudential Financial, Inc. made materially false and/or misleading statements and/or failed to disclose that: (a) the Company's reserve assumptions failed to account for adversely developing mortality experience in the Individual Life business segment; (b) the Company was not over-reserved, but instead, its reported reserves, particularly for the Individual Life business segment, were insufficient to satisfy its future policy benefits liabilities; and (c) the Company had materially understated its liabilities and overstated net income as a result of flawed assumptions in calculating mortality experience.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 570295

Rick Rahim Says to Consider Retargeting as Part of Your Current Advertising Efforts

FAIRFAX, VA / ACCESSWIRE / December 15, 2019 / It's definitely frustrating – you expend your best marketing efforts, bring in potential customers with your witty social media and Youtube advertisements, only to have over 75% of website visitors leave their cart abandoned. According to Rick Rahim, that's still great news. You have engaged with someone new.

Rick Rahim, president of Businessventures.com says, you've already won half the battle. "you've engaged with these possible customers. Rahim says now it's time for you to bring them back. Rick advises you to re-engage, and turn them into profitable conversions through retarget marketing."

Retargeting, or remarketing, is the process of capturing potential customers data left through their cookie-crumb footprint and then proceeding to follow the customers through multiple channels, reminding them about your value proposition and/or their abandoned cart. A guest is more likely to convert on their second or third visit to your website. Rahim points to this experience every day. Rick says you should be clearly aware that it is happening to you.

Retargeting, according to Rick Rahim, is probably the only marketing effort you can make that covers every other form of digital marketing and does it better for far cheaper than other forms of advertising. It can be service-based, says Rick, through a marketing agency that specializes in building business-specific retargeting campaigns that include retargeting ads, building customer lists, and benefiting from display advertising.

There are a variety of useful retargeting techniques that you or an agency can use to build brand awareness and begin making more conversions, here are a few examples from Rick Rahim:

Rick Rahim tip #1: Google search remarketing. If a potential customer searches for something either similar or even unrelated to your business, an ad will still show up near the top of their Google search.

Rick Rahim tip #2: Website retargeting. After visiting your site, ads on other websites will remind them about your business and aim to tempt them, "These are useful places to use display marketing that gradually pulls potential customers into the purchasing funnel by building ads throughout the remarketing process," says Rick Rahim.

Rick Rahim tip #3: Facebook retargeting. Facebook remarketing is an opportune time to re-engage with customers. Ads will show up in their feed while they scroll. You only have a very limited time to engage and reach potential conversions, and social media is an easy place to reach customers while they're relaxing.

Rick Rahim tip #4: Email retargeting. "Depending on the data that is gathered from them when they visit your website, email remarketing can be another form of reaching likely conversions," says Rahim. It can be difficult however to ensure your emails don't end up in Spam folders – an agency can build the right subject lines, etc. to increase the likelihood of your emails reaching and being opened by your customers.

It's a competitive world out there, according to Rick Rahim. Especially when it comes to the billions of online businesses that are working on a global scale. It's important, more than ever, to stand out and seek out-of-the-box methods to retain customers and turn leads into profitable conversions. It's even more possible to beat the competition through retargeting.

Interested in learning more about how retargeting can build your brand identity, engage with more of your audience, and ensure fewer carts are left abandoned, meaning more profit for you – reach out today.

Rick Rahim Spotted At Cars And Coffee With One Of His Sons

Rick Rahim and his wife

Rick Rahim Landing His Helicopter

ABOUT RICK RAHIM

* Rick Rahim is an accomplished airplane and helicopter pilot, who has even had viral success when he pulled his son's baby tooth out with his helicopter. In addition to be a lifelong entrepreneur, Rick is also a successful children's book author, having published "Way Up High In The Big Blue Sky."

Rick is a certified scuba diver, private investor, and adventurer. Rick has also dabbled in television, such as in Rick Rahim on Fox News broadcasting on Fox & Friends.

SOURCE: BusinessVentures.com – (703) 757-8500

 

ReleaseID: 570291

ADTN FINAL DEADLINE ALERT: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages ADTRAN (ADTN) Investors with Losses to Contact Its Attorneys, Application Deadline Tomorrow

SAN FRANCISCO, CA / ACCESSWIRE / December 15, 2019 / Hagens Berman urges ADTRAN, Inc. (NASDAQ:ADTN) investors who have suffered losses in excess of $50,000 to submit their losses now to learn if they qualify to recover compensable damages. Only one day remains until tomorrow's December 16, 2019 lead plaintiff deadline in a securities fraud class action pending against the company.

Class Period: Feb. 28, 2019 – Oct. 9, 2019
Lead Plaintiff Deadline: Dec. 16, 2019
Sign Up Now: https://www.hbsslaw.com/investor-fraud/ADTN
Contact An Attorney Now: ADTN@hbsslaw.com
844-916-0895

ADTRAN (ADTN) Securities Class Action:

According to the complaint, throughout the Class Period, Defendants misrepresented and concealed: (1) that there were material weaknesses in the Company's internal control over financial reporting; (2) that, as a result, certain excess and obsolete inventory ("E&O") reserves had been improperly reported; (3) that, as a result, the Company's financial results for certain periods were misstated; (4) that there would be a pause in shipments to the Company's Latin American customer; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

The Complaint alleges that on July 17, 2019, the Company announced "preliminary" earnings for second quarter 2019 due to its ongoing assessment of the reasonableness of its current and previously reported E&O reserves. On this news, the Company's share price fell $3.69 per share, over 23%, to close at $12.13 per share on July 18, 2019, thereby injuring investors.

"We're focused on investors' losses and whether ADTRAN and senior executives intentionally misled investors by failing to timely write off unsalable inventory," said Hagens Berman partner Reed Kathrein.

If you purchased shares of ADTN and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding ADTRAN should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email ADTN@hbsslaw.com.

# # #

About Hagens Berman

Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:

Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 570254

EMJAC’s Private Sale Has Finally Begun at This Exciting Time!

SEYCHELLES, MAHE / ACCESSWIRE / December 15, 2019 / Become an Early Bird! EMJAC's private sale is now open, allocating tokens with a notable discount.

The beginning of our Private Sale will be from 25th November 2019. This is a great opportunity for investors looking for a project who aims to become a leader in research & development and recycling of global waste tyre into GREEN and CLEAN renewable energy.

EMJAC's Mission

EMJAC – Empowering DLT towards a Sustainable Future.

EMJAC's blockchain ecosystem is designed to complete the recycling circle where producers of waste tyres will have the ability to create long term value for waste tyres while supporting the noble aim to protect our Mother Earth and reduce the adverse impact of more than 2 billion waste tyres generated globally every year.

EMJAC aims to be the leader in the "Waste to Green Energy" industry to recycle waste tyres globally by deploying green technology with the latest blockchain technology.

Our vision is to recover the trapped energy in waste tyres and reduce the carbon footprint in our environment and channel the renewable energy back into our ecosystem to benefit communities around the world via a trusted market platform.

This technology will reduce illegally dumped waste tyres globally and increase our transparency by allowing full traceability of each waste tyre from source to TRU facility. We also provide a market platform for buyers and sellers in the supply and demand chain that allows them to digitize their procurement and trading with our EMJ tokens.

PRIVATE SALE GOAL

Southeast Asia seems the most promising crypto market in the world, one of them was us, EMJAC's private sale aims to give early investors the opportunity to buy our tokens at a very cheap price. This is the cheapest the tokens will ever be sold.

EMJAC's PRIVATE SALE ROLLS ON!

Private Sale Start Date: 25/11/2019

Private Sale Finish Date: 15/12/2019

Private Sale Token Price: $0.048

Private Sale Price: 40% discount

Private Sale Allocated Tokens: 25% max

Easy Steps to Buy EMJAC in the Private Sale

1. Go to www.emjac.io

2. Click the ‘'Private Sale' Button

3. Enter 'Buy Token' and Fill up the form.

4. Purchase your EMJ tokens.

Payment Method

Step 1 : Send USDT (ERC20) to this Address: 0x96D264Ac41ff94A6C6A032694483ffFF7E849cb0

Step 2 : Mail a screenshot of the transaction to info@emjac.io -or- Paste the link of Transaction ID below

Step 3 : You will receive the EMJ tokens on specified ETH address

NAME: EMJAC

TICKER: EMJ

TOKEN TYPE: ERC-20

SOFT CAP: $5M USD

HARD CAP: $35M USD

Becoming one of the best projects either successful is never gonna be easy, Nothing is simple under the sun but with determination and focus from the team and support of the community, we shall surely get there.

This Private Sale is not only for EMJAC but for all who have the same goal as us, we all want a better and cleaner planet to live in. Join us at EMJAC and become the leading digital platform converting waste into green renewable energy for a better planet.

Contact:
Name – Emjac LTD
Email- Info@emjac.io

SOURCE: Emjac

ReleaseID: 570289

Face Cleanser for Oily Skin Brand Discusses the Benefits of AHA & BHA

À La Paix, a brand dedicated to delivering natural skincare products, has recently discussed the skincare properties of AHA and BHA. The company’s recently launched face cleanser for oily skin is now trending on Amazon.

Georgetown, TX, USA – December 15, 2019

Popular skincare brand, À La Paix, has recently shared insightful information about the benefits of alpha and beta-hydroxy acids (AHA and BHA) for skin nourishment. The company is known for its range of natural skincare products and has recently launched its Hydroxy Cleanse exfoliating face wash on Amazon. The ingredients of this face cleanser for oily skin include jojoba beads, grapefruit oil and orange peel oil. It also contains glycolic and lactic acids, which are alpha-hydroxy acids and salicylic acid, which is a beta-hydroxy acid.

À La Paix informs that AHAs are water-soluble acids made from sugary fruits. They help peel away the surface of the skin so that new, more evenly pigmented skin cells may emerge to take their place. On the other hand, BHAs are oil-soluble. Unlike AHAs, BHAs can get deeper into the pores to remove dead skin cells and excess sebum.

“All AHAs yield significant exfoliation. Still, the effects and uses can vary slightly between types of acids. Glycolic acid is the most common type of AHA and is an all-around treatment for many skin concerns. Its antimicrobial properties may even help prevent acne breakouts,” said Jody Comet, the senior spokesperson from À La Paix. “Lactic acid is another common AHA known for its significant exfoliation and anti-aging effects. The most common BHA, salicylic acid, is well-known as an acne treatment and can also help calm down general redness and inflammation.”

The exfoliating face wash from À La Paix is a non-abrasive formulation that helps unclog pores, exfoliate dead skin cells, smooth wrinkles, even out skin tone and reduce pore sizes. “Our face cleanser is suitable for all skin types, including normal, sensitive, dry and oily. For most skin types, we recommend using it twice a day,” Comet added.

“I love the clean feeling that my skin has after using this face wash! I was in need of some serious exfoliation, and I had big results after the first use. My skin is feeling very smooth as well,” a recent user mentioned in her Amazon review.

To find out more about À La Paix’s line of skincare products, please visit the company’s official website and Amazon storefront.

 

###

Twitter: https://twitter.com/@Alapaixbeauty

Facebook: https://www.facebook.com/WeAreALaPaix/

About Us: À La Paix is a brand dedicated to enhancing personal lifestyles through quality products and a commitment to provide the best customer service available.

Contact Info:
Name: Jody Comet
Email: Send Email
Organization: À La Paix
Address: , Georgetown, TX, 78628, USA
Phone: (775) 557-8628
Website: https://www.alapaix.com

Release ID: 88939359

Decentralized Finance platform STAE launched in Singapore

A new DeFi (Decentralized Finance) platform called STAE has launched in Singapore during the closing days of 2019.

Singapore – December 14, 2019

A new DeFi (Decentralized Finance) platform called STAE has launched in Singapore during the closing days of 2019. STAE joins a growing list of blockchain companies making Singapore its home as the territory continues to establish itself as a center for blockchain and fintech innovation.

Blockchain technology and cryptocurrencies has long been heralded as having the potential to bring about dramatic efficiency gains in the financial world, and a key building block to this vision is the establishment of stable cryptocurrencies or ‘stablecoins’. Several stablecoins have already been introduced like Tether’s USDT and Circle’s USDC. Even leading banking institutions are getting into the game – the US Bank, JP Morgan Chase announced the release of their own JPM Coin earlier this year. In each of these cases, the issuer attests to the fact that the stablecoins they issued have been fully backed by fiat currencies.

STAE has taken a slightly different approach. They are issuing a series of stablecoins pegged to different fiat currencies, but instead of backing them with the fiat currencies, they are backed by digital assets like Bitcoin and Ethereum. STAE claims that their approach provides enhanced transparency and safety to its users.

Similar to the goals of JP Morgan Chase, STAE aims to initially target the streamlining of settlement and bookkeeping processes in company-company payments. Settlement processes between companies today are still highly manual and inefficient resulting in high costs and opacity. JP Morgan Chase has noted that leveraging blockchain approaches will greatly simplify the agency bank model currently used in payment processes, with the potential to save the bank around $10 billion USD annually.

STAE targets to bring streamlined inter-company payments and settlements through a 2-pronged offering. First, it will provide a set of stablecoins pegged to leading currencies and secondly, it will offer a one-stop blockchain settlement platform that includes programmable mortgage bond tokens, digital wallets and private key management tools.

All indicators point to 2020 being a year of exciting development in the field of Stablecoins; from Tether’s pending launch of a new gold-backed coin, to China’s pending release of their centrally backed yuan-based coin. The STAE announcement during the closing days of 2019 is giving the industry a pre-emptive shout that there is a new entrant with a new approach to settling payments as we enter the new year.

Contact Info:
Name: G WH
Email: Send Email
Organization: STAE PTE.LTD
Address: 10 Anderson road , Singapore
Phone: 0065 91337485
Website: https://btcnews.kinja.com/decentralized-finance-platform-stae-launched-in-singapo-1840408554?rev=1576238133022

Release ID: 88939270

Veteran Owned Cyber Security Company Launches Services Tailored to Small Businesses

Cyber security is a hot topic in today’s world and is a growing concern for all businesses, but especially for those small to medium businesses who may not have a deep understanding of what they are truly up against.

Katy, Texas, United States – December 14, 2019 /MarketersMedia/

Triad Cyber Security, a Veteran owned business with proven success in offering military grade protection for data, now offers services specifically tailored for small to medium businesses. Stemming from the realization that small business owners often face cyber security issues due to a simple lack of awareness, owner Jason Rorie has created services that combat the staggering data that 43% of all cyber-attacks are aimed at small businesses and 91% of those attacks are launched with a phishing e-mail.

The services that Triad Cyber Security has created to greatly benefit those in the small to medium business sector include Information Security Policy review and creation, Security Procedures review and creation, Security Control Testing through the implementation of Vulnerability Scans, Penetration Testing, Social Engineering Testing and Physical Access Testing. In addition to these services that are guaranteed to help small to medium businesses safeguard their data, the company also offers ongoing proactive Data Security Management services that ensure security is maintained and improved upon throughout the life of any business.

With a focus on cyber risk management and control testing for the small and medium business sector, Triad Cyber Security protects the confidentiality, integrity and availability of their clients through their signature triad of services- technology, training and insurance. Founded by Jason Rorie, US Navy Veteran and author of Small Business- A Hacker’s Playground, his belief that adding value always wins over perception fueled his passion to create Triad Cyber Security and fill the void he saw in the small and medium business sector. Jason holds a degree in Computer Networking Engineering, a Bachelor of Science in Management of Technology and a Master’s degree in Information Assurance and Cyber Security. In addition, he holds CySA+, PenTest+, MCSE, C|EH, and CISSP certifications and is also the Founder and Managing Partner of Elevated Technologies and Cyber Security Insurance Group. Jason’s experience in the military combined with his career as a consultant to the small and medium business sector for almost two decades makes him uniquely qualified to truly understand the cyber security needs of businesses who are currently the main targets of cyber security attacks.

Triad Cyber Security arms their clients with an arsenal of weapons to combat cyber security attacks that include external network security, internal network security, data protection and compliance and training. When a small to medium business partners with Triad Cyber Security, they can feel confident knowing that they are joining a team who is established in the cyber security field, intimately knows the strategy of the creators of cyber security attacks and will ensure their safety from start to finish. Triad Cyber Security offers honest results to their clients and promises to help a business understand their options, advise them on their best course of action and take swift action to complete whichever action they decide. Building a team with diverse experience in the cyber security field has allowed the experts of Triad Cyber Security to offer different perspectives within the IT industry and create unique solutions that are perfectly tailored for their clients in the small to medium business sector.

Cyber security is a hot topic in today’s world and is a growing concern for all businesses, but especially for those small to medium businesses who may not have a deep understanding of what they are truly up against. That’s why Triad Cyber Security was created. Providing services that will help their clients combat potential cyber security attacks around the clock is their specialty and they are passionate about being there for their clients all day, every day. For more information about Triad Cyber Security’s Veteran roots, the services they offer and the statistics that prove why cyber security services are ever increasing in their importance, visit www.triadcybersec.com.

Contact Info:
Name: Jason Rorie: Founder / CEO / CSO
Email: Send Email
Organization: Triad Cyber Security
Phone: 281-653-7726
Website: http://www.triadcybersec.com

Source URL: https://marketersmedia.com/veteran-owned-cyber-security-company-launches-services-tailored-to-small-businesses/88939347

Source: MarketersMedia

Release ID: 88939347

CLASS ACTION ALERT: Kessler Topaz Meltzer & Check, LLP Announces Deadline Approaching in Securities Fraud Class Action Lawsuit Filed Against iRobot Corporation

RADNOR, PA / ACCESSWIRE / December 14, 2019 / The law firm of Kessler Topaz Meltzer & Check, LLP reminds iRobot Corporation (Nasdaq:IRBT) ("iRobot") investors that the firm has filed a securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired iRobot stock between November 21, 2016 and October 22, 2019, inclusive (the "Class Period").

REMINDER: Investors who purchased or otherwise acquired iRobot securities during the Class Period may, no later than December 23, 2019, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please visit: https://www.ktmc.com/irobot-securities-class-action?utm_source=PR&utm_medium=Link&utm_campaign=irobot.

iRobot is a global consumer robot company that designs and builds robots to assist with household tasks and has sold more than 25 million robots worldwide. iRobot's most popular product line is its autonomous robotic vacuum cleaners, which iRobot first introduced with the Roomba Vacuuming Robot in 2002. iRobot's products, including the Roomba line, purport to feature proprietary technologies and advanced concepts in cleaning, mapping, and navigation.

The Class Period commences on November 21, 2016, when iRobot announced it would acquire the iRobot-related distribution business of privately-held, Tokyo-based Sales on Demand Corporation. In a press release that day, iRobot said the acquisition would "better enable iRobot to maintain its leadership position and accelerate the growth of its business in Japan through direct control of pre- and post-sales market activities including sales, marketing, branding, channel relationships and customer service."

On April 23, 2019, after the close of trading, iRobot surprised the market when it announced that quarterly revenues were below analyst expectations and also revealed surging inventory levels. Specifically, iRobot reported days in inventory ("DII") of 140 for the three months ended March 30, 2019, compared to DII of 101 for the three months ended March 31, 2018. Inventory also rose to $181 million as of March 30, 2019, up from $112 million in April 2018. Following this news, iRobot's stock price fell from $130.57 per share on April 23, 2019, to $100.42 per share on April 24, 2019, a decline of over 23% in one trading day.

On July 23, 2019, after the close of trading, iRobot cut its full-year earnings forecast. Specifically, fiscal year 2019 revenue guidance was lowered from a range between $1.28 billion and $1.31 billion, to a range between $1.2 billion and $1.25 billion, and earnings per share guidance was lowered from a range between $3.15 and $3.40 to a range between $2.40 and $3.15. Following this news, iRobot's stock price fell from $89.63 per share on July 23, 2019, to $74.51 per share on July 24, 2019, a decline of nearly 17% in one trading day.

On October 22, 2019, after the close of trading, iRobot issued a press release reporting third quarter 2019 financial results. iRobot cut the high end of its revenue expectations for the year, from $1.25 billion to $1.21 billion, and said it rolled back price increases after a "suboptimal" customer response. iRobot reported increased inventory levels once again, with third quarter 2019 ending inventory of $248 million or 149 DII compared to the $161 million or 113 DII a year prior. Following this news, iRobot's stock price fell from $54.03 per share on October 22, 2019, to $49.06 per share on October 23, 2019, a decline of over 9% in one trading day.

The complaint alleges that, throughout the Class Period, iRobot reported explosive, double-digit revenue growth, which it attributed to increasing demand for its Roomba products, expanded gross margin due to distributor acquisitions, greater brand awareness and technological innovation. In reality, iRobot was engaging in channel-stuffing in order to inflate its sales and revenues figures, and had acquired two of its largest distributors in order to facilitate and conceal this deceptive practice. As a result of these misrepresentations, iRobot shares traded at artificially inflated prices throughout the Class Period.

Investors who wish to discuss this securities fraud class action lawsuit and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (James Maro, Jr., Esq. or Adrienne Bell, Esq.) at (844) 887-9500 (toll free) or at info@ktmc.com.

iRobot investors may, no later than December 23, 2019, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500 (toll free)
(610) 667-7706
info@ktmc.com

SOURCE: Kessler Topaz Meltzer & Check, LLP

ReleaseID: 570166