Project Bakong: A Pioneering Real-Time Gross Payment System Promoting Financial Inclusion Using Blockchain Technology

TOKYO, JAPAN / ACCESSWIRE / January 31, 2020 / Soramitsu Co., Ltd. (Shibuya-ku, Tokyo, Japan; hereafter Soramitsu) and the National Bank of Cambodia are collaborating on Project Bakong, a next-generation real-time gross payment system that promotes financial inclusion through user-friendly and powerful iOS and Android apps.
Bakong allows banks to save substantial cost and development time, and reach a whole new user base while increasing speed and efficiency. It also allows the central bank to monitor the activity of the whole system and leverage a much faster and safer financial infrastructure.

While most blockchain systems currently developed by central banks are only in the proof-of- concept phase, Bakong is already connecting 9 banks and payment processors, including the country's largest commercial bank, and has thousands of active users making daily transactions using real money.

Figure 1: Participating banks connect to the Bakong platform that uses the Hyperledger Iroha blockchain. End users (banks, corporations, or retail) connect to the gateways provided by each bank and can send payments to each other through the platform; as the regulator, NBC also monitors the entire system, which can provide new opportunities for bank supervision.

From a central bank's perspective, the Bakong technology is an easy-to-adopt evolution in technology: Bakong does not break current monetary policy or the legacy banking system, but rather makes it more efficient and secure. While legacy settlement systems in Cambodia perform batch settlements twice a day, Bakong enables near-instant, real-time interbank settlements.

Figure 2: Comparison of existing transfer scenario with typical bank accounts with Bakong transfer scenario. Bakong accounts interface seamlessly with both other Bakong accounts and existing bank accounts. 

Thanks to the Hyperledger Iroha permissioned blockchain primarily developed by Soramitsu, any bank or financial institution can plug into the Bakong platform which is monitored and supervised by the National Bank of Cambodia.
The ISO 20022 standard messaging format makes it simple for any bank's core banking system to integrate with the platform. Bakong automatically provides full interoperability between all of the connected banks, and every payment between users of any participating bank leverages Bakong's real-time settlement.

ACCESS TO A WHOLE NEW CUSTOMER BASE

According to the World Bank, 78% of citizens over 15 years old are unbanked in the Kingdom of Cambodia, while widely unbanked rural areas are seeing an explosion of smartphone use. With Bakong, every citizen can access banking services using just their smartphone. Users can open a Bakong account with any bank connected to the network, even if they don't own a traditional account at the bank. In other words, Bakong opens up the ability to more easily serve the entire unbanked population, which was previously difficult to access for Cambodian financial institutions.

As Makoto Takemiya, the co-founder and CEO of Soramitsu states, "Our work on Bakong in Cambodia has been not only revolutionary from a historical perspective, as it is the first central bank in the world using a blockchain system with real money for retail payments, but it has been a fulfilling and satisfying application of the Hyperledger Iroha technology to democratize digital asset management and access to payments."

THE NEXT GENERATION OF FINANCIAL SERVICES

Onboarding new users is expedient, thanks to a user-friendly KYC process that requires only a smartphone and an ID document, for identification and selfie verification. Citizens and businesses can immediately access a world of instant domestic and cross-border payments, at a reduced cost.
As recently reported by Coindesk:

The National Bank of Cambodia (NBC) recently signed an agreement with Malaysia's Maybank to determine how the banks' respective digital payment platforms – Bakong and Maybank2u – can work in tandem to reduce often crippling remittance fees.

Payments between the sender's pre-charged account and the receiver's account can be made easily thanks to QR codes. The QR codes are EMVCO compatible, which allowed NBC to sign a memorandum with the Central Bank of Thailand for the introduction of a QR code based payment system that can be used with both currencies and in both countries.

About Soramitsu

Soramitsu is a boutique Japanese fin tech company with expertise creating blockchain-based infrastructure, payment systems, and identity solutions.
– Together with the National Bank of Cambodia, Soramitsu developed the Bakong system to develop financial inclusion while enhancing monetary policy efficacy, through the creation of a next-generation retail payment system.
– Soramitsu is the original developer and one of the main contributors of Hyperledger Iroha, an open-source, permissioned blockchain platform aimed at helping businesses and financial institutions manage digital assets and digital identity. Hyperledger Iroha is part of the Linux Foundation's Hyperledger Project.
– Soramitsu was chosen by the Web3 Foundation to develop Kagome, the C++ implementation of Polkadot, the decentralized Web 3.0 blockchain interoperability platform.
– Soramitsu is the developer of Sora, a decentralized economic system to enable startups and creatives. See sora.org for more information.
Soramitsu's expertise and real-world experience running production blockchain systems allows us to quickly deliver secure and efficient applications. Based on the Bakong experience, we are aiming to extend these financial technologies globally, to allow unbanked people anywhere to transfer value inexpensively, and ensure commercial development in currently widely unbanked areas. Other financial products and capabilities are being developed for the Bakong system to broaden potential of the system.

About the National Bank of Cambodia

The National Bank of Cambodia is the central bank and financial regulator for the Kingdom of Cambodia.

If you wish to have more information about our services or technologies, please contact us:

Press Contact:

Makoto Takemiya
Soramitsu Co., Ltd.
Jingumae Tower Building 13F, 1-5-8 Jingumae, Shibuya-ku, Tokyo, JAPAN 150-0001 TEL: +81-(0)50-5235-1972
info@soramitsu.co.jp

SOURCE: Soramitsu Co., Ltd.

ReleaseID: 574771

VANCOUVER, BC / ACCESSWIRE / January 31, 2020 / Red Lake Gold Inc. (CSE:RGLD)(FWB:P11)("Red Lake Gold" or the "Corporation") is pleased to announce that it has released a newly expanded and revised company website designed to enhance shareholder communication.

The website may be accessed at: http://www.redlakegold.ca

"The launch of the company's new website is part of our continued efforts to engage our shareholders as well as our community stakeholders. We look forward to launching social media conduits in the near future which will also be integrated and made available through our new website," stated Ryan Kalt, CEO of Red Lake Gold.

In addition to the new and enhanced web presence, Red Lake Gold has also released a new corporate logo which prominently features its CSE trading symbol, RGLD.

On Behalf of the Board of Directors

Ryan Kalt
Chairman & Chief Executive Officer
Email: info@redlakegold.ca

Forward-Looking Statements

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Red Lake Gold Inc.

ReleaseID: 574807

NEW YORK, NY / ACCESSWIRE / January 31, 2020 / 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.

ADMS Shareholders Click Here: https://www.zlk.com/pslra-1/adamas-pharmaceuticals-inc-loss-form?prid=5390&wire=1
FCAU Shareholders Click Here: https://www.zlk.com/pslra-1/fiat-chrysler-automobiles-n-v-loss-form?prid=5390&wire=1
GERN Shareholders Click Here: https://www.zlk.com/pslra-1/geron-corporation-et-al-loss-form?prid=5390&wire=1

* ADDITIONAL INFORMATION BELOW *

Adamas Pharmaceuticals, Inc. (NASDAQGM:ADMS)

ADMS Lawsuit on behalf of: investors who purchased August 8, 2017 – September 30, 2019
Lead Plaintiff Deadline: February 10, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/adamas-pharmaceuticals-inc-loss-form?prid=5390&wire=1

According to the filed complaint, during the class period, Adamas Pharmaceuticals, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) health insurers were excluding Adamas's primary product, GOCOVRI, from their prescription formularies or requiring patients to use "step therapy" – i.e., making patients try immediate-release amantadine prior to covering GOCOVRI; (2) the rapid increase in physicians prescribing GOCOVRI during the Class Period was not due to its efficacy; and (3) as a result of the foregoing, the Company's financial statements about Adamas's business, operations, and prospects were materially false and misleading at all relevant times.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU)

FCAU Lawsuit on behalf of: investors who purchased February 26, 2016 – November 20, 2019
Lead Plaintiff Deadline : January 31, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/fiat-chrysler-automobiles-n-v-loss-form?prid=5390&wire=1

According to the filed complaint, during the class period, Fiat Chrysler Automobiles N.V. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company employed a bribery scheme to obtain favorable terms in its collective bargaining agreement with United Automobile, Aerospace and Agricultural Implement Workers of America; (2) high-ranking Fiat officials were aware of and authorized the scheme; and (3) as a result, Defendants' statements about Fiat's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.

Geron Corporation (NASDAQ:GERN)

GERN Lawsuit on behalf of: investors who purchased March 19, 2018 – September 26, 2018
Lead Plaintiff Deadline: March 23, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/geron-corporation-et-al-loss-form?prid=5390&wire=1

The filed complaint alleges that defendants misled investors regarding a drug called imetelstat, which was intended to treat certain cancers that occur in bone marrow. Specifically, defendants misled investors about the results of a clinical drug study of imetelstat called IMbark. That study was designed to ascertain whether imetelstat helped patients with a cancer called myelofibrosis.

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: 574826

LOS ANGELES, CA / ACCESSWIRE / January 31, 2020 / Compare-autoinsurance.org (http://compare-autoinsurance.org/) is a top auto insurance brokerage website, providing car insurance quotes online from trustworthy agencies all over the United States. This website offers car insurance info about different coverage types, available discounts, and money-saving tips.

In the past years, the price of car insurance has continued to raised constantly. Obtaining cheaper car insurance is not impossible for drivers that know what they are doing.

To get cheaper car insurance, drivers are recommended to follow the next tips:

Look for discounts. Policyholders can check what discounts are available at their insurers and for which ones they are eligible. Usually, insurance companies will provide discounts for installed safety devices, low mileage, good drivers, good students, or bundling policies.
Keep a clean driving record. Insurance companies will reward drivers that manage to stay ticket-free and accident-free for a certain period of time. Some insurers will provide a discount after three years, while others will wait even five years for a driver to keep his driving record clean.
Buy the right car. If a driver wants to pay cheaper insurance rates, then he should try avoiding insuring expensive sports vehicles, limousines or muscle cars. Instead, they should try to insure a slightly used vehicle that has a high safety rating and several safety devices already installed.
Maintain a good credit score. In most states, the laws allow the insurers to take the drivers' credit score into account when they determine their insurance rates. Insurance companies claim they found a correlation between the drivers' credit score and the chances for them to file for a claim. As a result, drivers with a poor credit score are more likely to file for a claim. For this reason, policyholders with a poor credit score will pay more on their premiums compared to those that have good or excellent credits score.
Consider dropping full coverage. Policyholders that drive older vehicles, should consider dropping full coverage in certain situations. For example, if a vehicle's value is less than ten insurance rates payments, then keeping full coverage on that vehicle Is useless.
Compare online quotes. It is recommended to compare online car insurance quotes at least two times per year. By doing so, drivers can check if their current insurance provider is still offering competitive insurance premiums or not.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

"Drivers can easily obtain cheaper insurance rates if they apply several smart tips. For more ways and strategies that can help drivers lower their insurance premiums, visit our website", said Russell Rabichev, Marketing Director of Internet Marketing Company.

CONTACT:

Company Name: Internet Marketing Company
Person for contact Name: Gurgu C
Phone Number: (818) 359-3898
Email: cgurgu@internetmarketingcompany.biz
Website: https://compare-autoinsurance.org

SOURCE: Internet Marketing Company

ReleaseID: 574685

NEW YORK, NY / ACCESSWIRE / January 31, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Westpac Banking Corporation ("Westpac" or the Company") (NASDAQ:WBK). Investors who purchased Westpac securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/wbk.

The investigation concerns whether Westpac and certain of its officers and/or directors have violated federal securities laws.

On November 19, 2019, after market hours, AUSTRAC, Australia's anti money-laundering ("AML") and terrorism-financing regulator, filed a civil action in Australian court alleging over 23 million breaches of Australian AML/counter-terrorism financing legislation by Westpac, including a failure to report more than 19.5 million international fund transfers, failure to perform enhanced due diligence on correspondent banks in high-risk jurisdictions, and failure to introduce appropriate detection scenarios related to potential child exploitation risks. On this news, Westpac's American depositary receipt price fell $1.25 per share, or 7.13%, over the next three trading sessions, closing at $16.67 per share on November 22, 2019.

If you are aware of any facts relating to this investigation, or purchased Westpac shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/wbk. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz and Grossman, LLC

ReleaseID: 574821

NEW YORK, NY / ACCESSWIRE / January 31, 2020 / 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.

FSCT Shareholders Click Here: https://www.zlk.com/pslra-1/forescout-technologies-inc-loss-form?prid=5389&wire=1
XYF Shareholders Click Here: https://www.zlk.com/pslra-1/x-financial-loss-form?prid=5389&wire=1
PTLA Shareholders Click Here: https://www.zlk.com/pslra-1/portola-pharmaceuticals-inc-loss-form?prid=5389&wire=1

* ADDITIONAL INFORMATION BELOW *

Forescout Technologies, Inc. (NASDAQ:FSCT)

FSCT Lawsuit on behalf of: investors who purchased February 7, 2019 – October 9, 2019
Lead Plaintiff Deadline : March 2, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/forescout-technologies-inc-loss-form?prid=5389&wire=1

According to the filed complaint, during the class period, Forescout Technologies, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Forescout was experiencing significant volatility with respect to large deals and issues related to the timing and execution of deals in the Company's pipeline, especially in Europe, the Middle East, and Africa; (ii) the foregoing was reasonably likely to have a material negative impact on the Company's financial results; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

X Financial (NYSE:XYF)

XYF Lawsuit on behalf of: investors who purchased X Financial American Depositary Shares pursuant and/or traceable to the Company's September 19, 2018 initial public offering.
Lead Plaintiff Deadline : February 7, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/x-financial-loss-form?prid=5389&wire=1

According to the filed complaint, (i) the Company's total loan facilitation amount was not growing, but rather was contracting; (ii) the number of investors actively using X Financial's platform was shrinking; (iii) demand from small- and medium-sized enterprises for the Company's preferred loans was plummeting; (iv) the Company's preferred loans had performed so poorly that it had begun drastically scaling back its preferred loans in the first quarter of 2018, several months before the initial public offering ("IPO"), and was in the process of phasing out such loans completely; (v) demand for the Company's card loans was also plummeting; (vi) the revenue and loan facilitation growth provided in the registration statement leading up to the IPO was achieved by relaxed credit and due diligence standards, under which the Company had underwritten tens of millions of dollars' worth of poor quality loans that suffered from a disproportionately high risk of default as compared to the Company's earlier loan vintages; (vii) the Company was suffering from accelerated delinquency rates from poor quality loans that it had underwritten in the first, second, and third quarters of 2018, which had caused the Company's delinquency rate to sharply rise; (viii) the Company's product mix had significantly deteriorated; (ix) the Company's net revenue was on track to decline by 22% during the third quarter of 2018; and (x) as a result, the Registration Statement was materially false and/or misleading and failed to state information required to be stated therein.

Portola Pharmaceuticals, Inc. (NASDAQ:PTLA)

PTLA Lawsuit on behalf of: investors who purchased November 5, 2019 – January 9, 2020
Lead Plaintiff Deadline : March 16, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/portola-pharmaceuticals-inc-loss-form?prid=5389&wire=1

According to the filed complaint, during the class period, Portola Pharmaceuticals, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Portola's internal control over financial reporting regarding reserve for product returns was not effective; (2) Portola was shipping longer-dated product with 36-month shelf life; (3) Portola had not established adequate reserve for returns of prior shipments of short-dated product; (4) as a result, Portola was reasonably likely to need to "catch up" on accounting for return reserves; and (5) 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.

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: 574819

WILMINGTON, DE / ACCESSWIRE / January 31, 2020 / Rigrodsky & Long, P.A.:

Do you own shares of Primo Water Corporation (NASDAQ GM:PRMW)? 
Did you purchase any of your shares prior to January 13, 2020?
Do you think the proposed buyout is fair?
Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors Primo Water Corporation ("Primo Water" or the "Company") (NASDAQ GM: PRMW) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Cott Corporation ("Cott") (NYSE: COT). Under the terms of the agreement, shareholders of Primo Water will receive $5.04 in cash and 0.6549 shares of Cott or $14.00 in cash or 1.0229 shares of Cott for each share of Primo Water they own.

If you own common stock of Primo Water and purchased any shares before January 13, 2020, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at info@rl-legal.com, or at https://www.rigrodskylong.com/offices-contact.

Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.

Attorney advertising. Prior results do not guarantee a similar outcome.

CONTACT: 

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com 
http://www.rigrodskylong.com

SOURCE: Rigrodsky & Long, P.A.

ReleaseID: 574818

WILMINGTON, DE / ACCESSWIRE / January 31, 2020 / Rigrodsky & Long, P.A.:

Do you, or did you, own shares of Beyond Meat, Inc. (NASDAQ GS:BYND)?

Did you purchase your shares between May 2, 2019 and January 27, 2020, inclusive?

Did you lose money in your investment?

Rigrodsky & Long, P.A. announces that a complaint has been filed in the United States District Court for the Central District of California on behalf of all persons or entities that purchased the common stock of Beyond Meat, Inc. ("Beyond Meat" or the "Company") (NASDAQ GS: BYND) between May 2, 2019 and January 27, 2020, inclusive (the "Class Period"), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the "Complaint").

If you purchased shares of Beyond Meat during the Class Period, or purchased shares prior to the Class Period and still hold Beyond Meat, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Seth D. Rigrodsky or Timothy J. MacFall at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, DE 19801, by telephone at (888) 969-4242, by e-mail at info@rl-legal.com, or at http://rigrodskylong.com/contact-us/.

The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company's business, operations and prospects. Specifically, the Complaint alleges that the defendants concealed from the investing public that: (i) Beyond Meat's termination of its supply agreement with Don Lee Farms constituted a breach of that agreement, thus exposing the Company to foreseeable legal liability and reputational harm; (ii) Beyond Meat and certain of its employees had doctored and omitted material information from a food safety consultant's report, which the Company represented as accurate to Don Lee Farms; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times. As a result of defendants' alleged false and misleading statements, the Company's stock traded at artificially inflated prices during the Class Period.

According to the Complaint, on January 27, 2020, post-market, Don Lee issued a press release entitled "Judge Rules Don Lee Farms Likely to Obtain a Judgment. Beyond Meat's CFO and Others Named Individually for Fraud." The press release stated, in part, that "[a] judge has ruled Don Lee Farms proved the probable validity of its claim that Beyond Meat breached its manufacturing agreement with Don Lee Farms" and that "[i]n a separate motion before a different Judge, the Court granted Don Lee Farms' request to name Beyond Meat Chief Financial Officer Mark Nelson, Senior Quality Assurance Manager Jessica Quetsch and Director of Operations Anthony Miller in its fraud claims which allege they intentionally doctored and omitted material information from a food safety consultant's report, and then delivered that doctored report to Don Lee Farms and affirmatively represented that it was the complete opinion of the consultant."

On this news, shares of Beyond Meat fell over 3%, closing at $120.12 per share on January 28, 2020, on heavy trading volume.

If you wish to serve as lead plaintiff, you must move the Court no later than March 30, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.

Attorney advertising. Prior results do not guarantee a similar outcome.

CONTACT:

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Timothy J. MacFall
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com

SOURCE: Rigrodsky & Long P.A.

ReleaseID: 574810

COSTA MESA, CA / ACCESSWIRE / January 31, 2020 / Costa Mesa, CA based Genuine Property Management recently introduced a new 360 Service Model of property management. By continuing to maintain rapid growth, approaching 400 units in less than three years, Genuine Property Management has managed to create a unique business model that may be a market disruptor with the potential to change how property management companies operate in the future. An overview of the company can be found in their introductory YouTube video.

Genuine Property Management owner Marcel Ford states that, in order to implement the new business model, he had to move his office from the bayside in Newport Beach to a 5,000 square foot warehouse in Costa Mesa. Ford then renovated this property into an upscale office where the 360 Service Model was fully realized. Genuine Property Management is now the only communal coworking workplace that invites their interior designers, contractors, handymen, painters, landscapers, plumbers and other professionals to work under one roof.

"The property management arena is routine and stale, with everyone basically doing the same old thing-day in and day out," observes Ford. "With property maintenance typically being the largest department, there had to be a better way to improve the operating efficiencies that will provide tenants with a better experience and savings to landlords-and I think we figured it out."

This experimental workplace has proven to be highly efficient and cost-effective. It puts all of Genuine Property Management's specialists and contractors within easy reach of one another, allowing for a level of collaboration rarely seen in companies like Genuine Property Management. The innovative space features a great deal of locally inspired décor, including a historic 1940 Viking sailboat as a centerpiece. There are also several sectional couches and conference tables laid out for casual meetings along with eighteen desks and a pool table.

"Our new 360 Service Model benefits landlords, tenants, vendors and us by providing far greater efficiencies," Ford says. "Now we all collaborate, orchestrate, negotiate, and initiate a myriad of property management services for better efficiency, satisfaction and value for all. Everyone wins!"

The company's management services consist of every function that is necessary to perform when taking care of a piece of property on a day to day basis. They cover everything from administration and education to finances and legal matters. Genuine Property Management uses the best-rated property management software, AppFolio, which provides their clients with complete transparency throughout the process. There are no upfront costs to be paid; clients are only obliged to pay once the company has performed their property management duties in full.

The company takes pride in working solely with the best technicians in every field. "From painters to plumbers and landscapers to locksmiths, we have dozens of dependable service providers that take good care of us," says the company in a statement echoed on their website. "They are small companies that are honest, reliable and fairly priced with liability insurance and satisfaction guarantees." Those who are interested can contact the office to learn more.

A number of clients have found themselves quite pleased with the company's property management services and have gone on to leave great reviews on multiple platforms. One 5-Star review on Yelp says the client was, "Very pleased with this company! We've been with them for over two years now, and Marcel is so friendly and efficient and gets things done in the best way possible! All the staff at Genuine Property Management have been great! Jonathan has always been very efficient at dealing with all the repairs on our property. Priscilla and all the agents always get back to me quickly and with positive solutions. I would recommend this business to all my friends."

Another reviewer shares that, "I recently rented a property in Corona Del Mar. I worked with Priscilla and Megan. They have been excellent to work with: professional, nice and got back to me quickly with all the questions I had! I highly recommend Genuine Property Management for great service!"

For more information on Genuine Property Management, view the company Facebook page. It contains a great deal of information regarding the company's activities and can be used to quickly get in touch with their representatives.

###

For more information about Genuine Property Management , contact the company here:

Genuine Property Management
MARCEL FORD
(949) 209-9494
marcel@genuinemanaged.com
1922 Placentia Avenue, Unit 1, Costa Mesa, CA 92627

SOURCE: Genuine Property Management

ReleaseID: 574817

LOS ANGELES, CA / ACCESSWIRE / January 31, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Opera Limited ("Opera" or "the Company") (NASDAQ:OPRA) for violations of the federal securities laws.Investors who purchased the Company's securities pursuant and/or traceable to the Company's initial public offering commenced on or about July 27, 2018 (the "IPO" or "Offering"); and/or between July 27, 2018 and January 15, 2020, inclusive (the "Class Period") are encouraged to contact the firm before March 24, 2020.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Opera seriously overstated its market opportunity and sustainable growth for its browser applications. The Company funded and controlled loan services that engaged in predatory lending practices. These practices were likely to impact the Company's ability make its apps available on the Google Play Store. Based on these facts, the Company's public statements and offering documents were false and materially misleading throughout the class period. When the market learned the truth about Opera, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com

SOURCE: The Schall Law Firm

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