Monthly Archives: February 2020

The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of FSCT, WBK and JELD

NEW YORK, NY / ACCESSWIRE / February 25, 2020 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Forescout Technologies, Inc. (NASDAQ:FSCT)
Class Period: February 7, 2019 to October 9, 2019
Lead Plaintiff Deadline: March 2, 2020

The FSCT lawsuit alleges that 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.

Learn about your recoverable losses in FSCT: http://www.kleinstocklaw.com/pslra-1/forescout-technologies-inc-loss-submission-form?id=5519&from=1

Westpac Banking Corporation (NYSE:WBK)
Class Period: November 11, 2015 to November 19, 2019
Lead Plaintiff Deadline: March 30, 2020

The WBK lawsuit alleges that throughout the class period, Westpac Banking Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) contrary to Australian law, the Company failed to report over 19.5 million international funds transfer instructions to the Australian Transaction Reports and Analysis Centre ("AUSTRAC"); (2) the Company did not appropriately monitor and assess the ongoing money laundering and terrorism financing risks associated with movement of money into and out of Australia; (3) the Westpac did not pass on requisite information about the source of funds to other banks in the transfer chain; (4) despite being aware of the heightened risks, the Company did not carry out appropriate due diligence on transactions in South East Asia and the Philippines that had known financial indicators relating to child exploitation risks; (5) the Company's Anti-Money Laundering and Counter-Terrorism Financing Policy Program was inadequate to identify, mitigate and manage money laundering and terrorism financing risks; and (6) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Learn about your recoverable losses in WBK: http://www.kleinstocklaw.com/pslra-1/westpac-banking-corporation-loss-submission-form?id=5519&from=1

Jeld-Wen Holding, Inc. (NYSE:JELD)
Class Period: January 26, 2017 to October 15, 2018
Lead Plaintiff Deadline: April 20, 2020

The complaint alleges that during the class period Jeld-Wen Holding, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company's products, including doors, did not compete against other manufacturers on price, contrary to Jeld-Wen's representations; (2) the market in which the Company sells its doors is not "highly competitive" as the Company claimed; (3) Jeld-Wen's strong margins and anticipated margin growth were not, as the Company claimed, attributed to changes they had made in Jeld-Wen's business operations and strategies; and (4) Jeld-Wen failed to disclose the Company's anti competitive conduct. Because of the foregoing, Defendants' statements about the Company's business, operations and prospects lacked a reasonable basis.

Learn about your recoverable losses in JELD: http://www.kleinstocklaw.com/pslra-1/jeld-wen-holding-inc-loss-submission-form?id=5519&from=1

Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

SOURCE: The Klein Law Firm

ReleaseID: 577788

Top Gold Penny Stocks To Watch While Broader Markets Slide

CORAL GABLES, FL / ACCESSWIRE / February 25, 2020 / The top website for all things penny stocks, PennyStocks.com just released a new, exclusive & informative article titled: Gold Penny Stocks Get Booster Shot From Coronavirus Concerns. The team at PennyStocks.com discusses 5 penny stocks to watch as gold prices continue to push higher and broader markets slide.

Within this article, PennyStocks.com states how: "There's something that has continued to captivate the news cycle for weeks now. That "something" is now being called COVID-19. It's gone by other names like coronavirus and Wuhan Flu. But what we know right now is that it has become a global problem. It's one that has seen airlines cut flight paths, companies shut down manufacturing, and entire cities go on lockdown."

The top penny stock website continues: "In any case, one of the big focal points has been on coronavirus stocks. These are typically biotech stocks that have some association with the prevention of or treatment for viral infections. But while people search for these speculative names that may or may not actually deal with the virus, others are finding opportunity in another niche: gold. We've got a list of gold penny stocks to watch including IAMGOLD Corporation (NYSE:IAG)."

Read the article from PennyStocks.com titled: Gold Penny Stocks Get Booster Shot From Coronavirus Concerns <<< Click Here

Penny Stocks (PennyStocks.com)

PennyStocks.com is the best place to find the top penny stocks to buy, a full list of penny stocks and small cap stock news, articles & information. Penny stocks are off to a very strong start in 2020 and are expected to continue their bullish run. Subscribe, to our Free Penny Stocks Newsletter and stay updated on the top penny stock picks, exclusive articles & small cap stock alerts.

CONTACT:

Name: Adam Lawrence
Email: news@pennystocks.com
Phone: (305) 204-3247

Legal Disclaimer

Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. MIDAM VENTURES LLC, which owns www.PennyStocks.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. Please Read Our Full Disclosure Located Here: https://pennystocks.com/disclaimer/

SOURCE: PennyStocks.com

ReleaseID: 577787

Boris Mizhen Is Happy To Support the Greater New Haven’s Jewish Foundation

The PACE fund is a fund at the Jewish Foundation that awards the UJA-Federation annual campaign gift.

New York, NY – February 25, 2020 /MarketersMedia/

Boris Mizhen’s career as a property developer and entrepreneur, allows him to be very generous in his donations towards the Jewish Foundation of Greater New Haven and the Chabad of Shoreline. Both groups received his support. Even “PACE” (Perpetual Annual Campaign Endowment) of the Jewish Foundation received considerable donations from Mizhen, as did the Chabad of Shoreline’s Jacob Fund, which helps to provide food for local families in need.

“I am happy to support the wonderful work of the Jewish Foundation of Greater New Haven and the Chabad of Shoreline,” said Boris Mizhen. “I feel very grateful for my good fortune in being able to help such a positive organization.”

The PACE fund, or Perpetual Annual Campaign Endowment, is a fund at the Jewish Foundation that awards the UJA-Federation annual campaign gift. These donations from Boris Mizhen, among others, help to pay for Jewish education, camps, schools, and care for the elderly and others in need, both in the New Haven area and in Israel. Mizhen’s contribution to the PACE fund was provided through the Boris Mizhen Family Trust. The Jewish Foundation has long been a trusted and expert source for establishing charitable gifts and endowments. They serve as a partner and essential resource for synagogues, local Jewish agencies, professional advisors and donors.

The Jacob Fund is operated by the Chabad of Shoreline, in Guilford, CT and is a charity program, which provides food in a respectable and discreet manner for families undergoing a financial crisis, whether from loss of employment, illness, or other unforeseen events. The program generates food “gift cards” that may be used in select supermarkets throughout Guilford and the Greater New Haven area. Different amounts are allotted to families who may utilize the services for between two and four months, with certain exceptions made based on need. As a longtime resident of Guilford, Boris Mizhen has said he feels a responsibility to help his neighbors in the most respectable and grassroots way possible.

Boris Mizhen is a prominent real estate developer in the New York City-area with projects including both residential and commercial properties across the North-East United States. Born with a strong business instinct, Mizhen learnt at a young age how to use every opportunity to his advantage. He enjoys spending his extra time and energy by contributing to charities and organizations that offer help to those who need it most. By pursuing his passion in philanthropic causes, Boris Mizhen remains passionately involved with social activism across the world.

Boris Mizhen – Property Developer and Philanthropist: http://borismizhennews.com

Boris Mizhen (@bmizhen) – Twitter: https://twitter.com/bmizhen

Boris Mizhen – Facebook: https://www.facebook.com/bmizhen

Contact Info:
Name: BMN
Email: Send Email
Organization: BorisMizhenNews.com
Website: http://borismizhennews.com

Source URL: https://marketersmedia.com/boris-mizhen-is-happy-to-support-the-greater-new-havens-jewish-foundation/88947919

Source: MarketersMedia

Release ID: 88947919

Hot Tub, Swim Spa, Sauna Dealer of Des Moines and Minneapolis Wins Hot Spring Spas Award

Hot Spring Spas of Minneapolis and Des Moines Selling New and Used Hot Tubs, Swim Spas and Saunas Wins the 2019 Territory Dealer of the Year Award. Offers Free Hot Tub Test Soaks to Local Residents.

Des Moines, United States – February 25, 2020 /MarketersMedia/

Hot Spring Spas of Des Moines and Minneapolis, a hot tub, swim spa and sauna dealer serving the greater Des Moines and Minneapolis area was awarded the 2019 North American Territory Dealer of the Year by Hot Spring Spas. Territory Dealers of the Year were honored at a special reception at the 2019 Hot Spring Dealer Conference, held in January in Orlando, FL.

“This is a real honor,” said Sean Schaben, co-owner. “Territory Dealer of the Year award honorees are carefully evaluated for business excellence, customer experience, sales performance and overall representation of the Hot Spring brand.” continued Schaben.

“Our Territory Dealers of the Year are truly role models for our entire dealer community,” said Mike Dunn, Executive Vice President for Watkins Manufacturing, maker of Hot Spring Spas. “These retailers are committed to growing their businesses – and they have succeeded! But more importantly, they demonstrate exceptional care for their customers.

“The company sells only the most innovative brand name products and has a “customer-oriented” philosophy. This translates into the best service, expert advice and support before and after the sale,” said Schaben. “The goal is to always exceed customer expectations in terms of value and service.”

The company prides itself on all their customers getting the hot tub, swim spa or sauna that’s right for each person, backyard and budget. Everyone is treated as an individual with individual needs.

Today, with thousands of Hot Spring Spa customers, throughout Iowa and Minnesota the company is the Midwest’s premier, full-service company that specializes in portable spas. The company is family owned and their goal is to make every customers’ experience in the showroom and at their home the most enjoyable.

“To celebrate winning this award, Hot Spring Spas of Minneapolis and Des Moines will provide free hot tub test soaks in all their showrooms during the entire month. They want to encourage local consumers to check out the benefits of a relaxing soak in an energy efficient hot tub for themselves.

Consumers wanting to learn more about hot tubs are encouraged to pick up a copy of this free hot tub buyer’s guide, 7 Critical Questions You Must Ask Before You Buy a Hot Tub. Just call 515-270-8702 or visit the company website for more information at https://hotspringgreen.com/.

About Us
Hot Spring Spas of Minneapolis and Des Moines offers a large selection of new and used hot tubs, swim spas and saunas for sale. They are the area’s premier source for Hot Spring Spas and Hot Tubs, Endless Pools, Saunatec and Finnleo Saunas, A & B Backyard Accessories, and proudly carry the SilkBalance for Spas water treatment system.

To learn more, pick up a copy of this free buyer’s Guide, 7 Critical Questions You Must Ask Before You Buy a Hot Tub. Just call 515-270-8702 or go to https://HotSpringGreen.com.

Hot Spring Spas of Des Moines Iowa
10860 Hickman Rd
Clive, IA 50325
☎ 515-270-8702
https://hotspringgreen.com/des-moines-hot-tub
https://maps.google.com/?cid=18365297730539894969

Hot Spring Spas of Carroll Iowa
18134 Highway 71
Carroll, IA 51401
☎ 712-792-3376
https://hotspringgreen.com/carroll-hot-tub-spas-in-carroll-iowa-sales-parts-service
https://maps.google.com/?cid=18022186291082506052

Hot Spring Spas of Arnolds Park
244 Okoboji Grove Rd N
Arnolds Park, IA 51360
☎ 712-332-7928
https://hotspringgreen.com/arnolds-park-hot-tub-in-dickenson-clay-emmet-palo-alto-lyon-cherokee
https://maps.google.com/?cid=13427354317925379646

Hot Spring Spas of Woodbury
650 Commerce Dr Suite 150
Woodbury, MN 55125
☎ 651-731-9745
https://hotspringgreen.com/lake-elmo-hot-tub-spas-in-woodbury-hudson-maplewood
https://maps.google.com/?cid=15204685051893695044

Hot Spring Spas of Plymouth
14100 21st Ave N, Suite B
Plymouth, MN 55447
☎ 763-450-5310
https://hotspringgreen.com/minneapolis-hot-tub-in-plymouth-mn-maple-grove-coon-rapids-edina
https://maps.google.com/?cid=1550994900675349522

Hot Spring Spas of Burnsville
14350 Buck Hill Rd
Burnsville, MN 55306
☎ 952-933-9040
https://hotspringgreen.com/hot-tubs-swim-spas-burnsville/
https://www.google.com/maps?cid=14644659782841568164

https://twitter.com/HotSpringGreen
https://www.youtube.com/HotSpringSpasIAandTC

Contact Info:
Name: Sean Schaben
Email: Send Email
Organization: Hot Spring Spas of Des Moines
Address: 10860 Hickman Rd Clive, IA 50325
Phone: 515-270-8702
Website: https://hotspringgreen.com/des-moines-hot-tub

Video URL: https://www.youtube.com/watch?v=wD3Pn0i0B18&feature=youtu.be

Source URL: https://marketersmedia.com/hot-tub-swim-spa-sauna-dealer-of-des-moines-and-minneapolis-wins-hot-spring-spas-award/88947688

Source: MarketersMedia

Release ID: 88947688

Findit, Inc. Selected by LB Processors To Improve Online Web Presence For Their Products and Services

ATLANTA, GA / ACCESSWIRE / February 25, 2020 / Findit, Inc. a Nevada Corporation (OTC PINK:FDIT) has been selected by LB Processors, a bottling and refinery facility that offers a variety of products and services from wholesale bulk emu oil to hemp drying services and toll processing, to improve their overall online presence for the products and services that they provide. Findit will collaborate with LB Processors to accomplish the online marketing goals they are looking to achieve with a short term and long term strategy.

In an effort to improve overall indexing online and exposure for LB Processors, Findit will be providing a variety of services to LB Processors that includes content creation, social posting and sharing through multiple Findit sites as well as the creation of several sub-sites for LB Processors for the specific services that LB Processors offers. So far, LB Processors has claimed 9 names utilizing the Findit Claim your Name tool. The names that LB Processors has claimed are goods or services that LB Processors offers or keywords they want to index for in search engines. Findit is in the process of building out 5 additional websites for LB Processors.

Visit LB Processors Online At Some of their Findit Names.

Findit.com/wholesale-bulk-emu-oil

Findit.com/lb-processors-llc

Clark St. Amant of Findit stated, "We are excited to work with LB Processors to help improve overall online exposure through social media marketing and content creation and SEO. As more and more content is created on Findit and shared throughout social media, we are confident LB Processors will see an increase in website traffic as well as an increase in search results in search engines which in turn will hopefully lead to more sales of the products and services that LB Processors offers.

LB Processors has an extensive state of the art facility located in Chapmansboro Tennessee and offers a variety of services that includes: hemp toll processing, private labeling services, hemp drying, bottling services as well as hemp CBD extraction services. You can also purchase emu oils for sale both wholesale and retail, and they are a full service private label GMP and FDA approved facility.

About LB Processors:

Fully Refined Emu Oil

LB Processors uses an all natural, stable process to refine our oil. This ensures a natural, stable, odorless, and color-correct finished product. Our oils can be utilized in many OTC, dietary supplement, and cosmetic applications.

STATE-OF-THE-ART SPECIALTY & EMU OIL PROCESSING

Founded in 1994, LB Processors, LLC is a fully state-approved food processing facility, refining specialty oils for the cosmetic and dietary supplement industries. We have created and implemented a state-of-the-art refining, bleaching and deodorization system. Our main product, AEA Certified Emu Oil, is processed by a specially designed, physical refining technique. We offer intelligent solutions and sophisticated products, tailor-made for the needs of our clients including custom processing, retail/wholesale certified emu oil and emu oil products, bulk emu oil, private labeling, custom packaging and filling, and research and development services.

About Findit, Inc.

Findit, Inc., owns Findit.com which is a Social Media Content Management Platform that provides an interactive search engine for all content posted in Findit to appear in Findit search. The site is an open platform that provides access to Google, Yahoo, Bing and other search engines access to its content posted to Findit so it can be indexed in these search engines as well. Findit provides Members the ability to post, share and manage their content. Once they have posted in Findit, we ensure the content gets indexed in Findit Search results. Findit provides an option for anyone to submit URLs that they want indexed in Findit search result, along with posting status updates through Findit Right Now. Status Updates posted in Findit can be crawled by outside search engines which can result in additional organic indexing. All posts on Findit can be shared to other social and bookmarking sites by members and non-members. Findit provides Real Estate Agents the ability to create their own Findit Site where they can pull in their listing and others through their IDX account. Findit, Inc., is focused on the development of monetized Internet-based web products that can provide an increase in brand awareness of our members. Findit, Inc., trades under the stock symbol FDIT on the OTCPinksheets

Safe Harbor:

This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word believe or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Findit, Inc. to differ materially from those implied or expressed by such forward-looking statements. This press release speaks as of the date first set forth above, and Findit, Inc. assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.

Contact:

Clark St. Amant
404-443-3224

SOURCE: Findit, Inc.

ReleaseID: 577786

These Gold Stocks Have Skyrocketed Amid Latest Coronavirus Fears

CORAL GABLES, FL / ACCESSWIRE / February 25, 2020 / The top website for all things gold stocks, GoldStocks.com just released a new & exclusive article titled: Top Gold Stocks Turning Heads This Week. The team at GoldStocks.com talks about top gold stocks to watch while gold prices surge amid more coronavirus concerns.

Within this article, GoldStocks.com discusses how: "This week we saw an epic move in gold stocks. Thanks to more fears surrounding the mounting coronavirus cases around the globe, gold prices reached 7-year highs on Monday. In proper order, plenty of top gold stocks followed suit. Something to be aware of is that when the stock market, in general, takes as big a dip as it did, gold tends to surge. However despite the surge in stocks earlier today, there are bigger picture items to consider. Corporate debt remains at or near record levels and the likelihood of more corporate buybacks to drive the market could be slim as it stands now. So, when you consider a bigger picture beyond concerns over a virus, it paints a picture that could mean it's time to put together a strong list of gold stocks to watch right now including New Gold Inc. (NYSEAMERICAN: NGD) (TSX: NGD). (click here for the full article)

Read the article from GoldStocks.com titled: Top Gold Stocks Turning Heads This Week<<< Click Here

Gold Stocks (GoldStocks.com)

GoldStocks.com is the best place to find the top gold stocks to buy, a full list of gold stocks and mining stock news, articles & information. Mining stocks and Gold Stocks are off to a very strong start in 2020 and are expected to continue their bullish run. Subscribe, to our Free Gold Stocks Newsletter and stay updated on the top gold stocks picks, exclusive articles, gold stock alerts and mining company news.

CONTACT:

Name: Adam Lawrence
Email: news@goldstocks.com
Phone: (305) 390-2368

Legal Disclaimer

Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. MIDAM VENTURES LLC, which owns www.GoldStocks.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. Please Read Our Full Disclosure Located Here: https://goldstocks.com/disclaimer/

SOURCE: GoldStocks.com

ReleaseID: 577785

Cheap Car Insurance 2020: Why Drivers Should Compare Car Insurance Online

LOS ANGELES, CA / ACCESSWIRE / February 25, 2020 / Compare-autoinsurance.org has released a new blog post that explains why drivers should compare car insurance quotes online.

Online quotes can be obtained using a brokerage website or an insurance company's website, It all depends on how much time the user wants to dedicate to finding and comparing price estimates. Shopping around with the help of online quotes has some serious advantages. Check them out and get free quotes from https://compare-autoinsurance.org/

Getting online estimates will help drivers save a lot of money. Online quotes will help drivers find affordable coverage. A smart person will compare offers from various sources before buying car insurance. The main role of quotes is to provide accurate price estimates for the chosen policies. Online brokerage websites display multiple search results in a single webpage. Using those websites is quicker and more effective than getting just a single quote from every car insurance company. Plus, the online questionnaires will differ, making price comparison a bit more difficult. On average, quotes can help drivers find policies cheaper with 5%-10% than a current provider's renewal premium.
Trustworthy websites offer really accurate questionnaires and rate calculators. Really good brokerage websites rely on complex, extensive forms that will return very accurate results. The form must contain important questions for auto insurance companies: car manufacturer, model, fabrication year, type of car, approximate mileage per year. Also some personal information will be required: recent DUI incidents, workplace, if the car is still financed the car and so on. The info will help the website search for more accurate quotes.
Drivers can get quotes really fast and easy. The Internet allows us to send and receive data with lightning speed. Online quotes can be obtained in matter of seconds. Clearly, this is much faster than any of the traditional ways of obtaining insurance quotes. The user does not have to leave the house in order to get the best online quotes.

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.

For more information, please visit https://compare-autoinsurance.org/

"People who want to save car insurance money should use online quotes. Visit our website for more info and free quotes", 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: 577731

The $2 Trillion Opportunity: How A Silicon Valley Startup Vying To Provide Banking To The World’s Poorest Merchants

SAN FRANCISCO, CA / ACCESSWIRE / FEBRUARY 25, 2020 / Three years ago, Dhany Aryantono opened a small shop selling Unilever and other consumer goods in Pamanukan, a rural village in West Java, Indonesia to support her family of six. Her husband worked as a day laborer in the nearby rice paddy farm, making about one million Indonesian Rupuah ($75) a week. An additional $85 a week income Dhany generated from her small shop helped to make the ends meet for a family of six with four children – three of whom were in school. But with such a meager income to pay her bills and support education for her children, Dhany often doesn't have the cash to stock up inventory for her shop. To save herself from the constant ordeal of not having enough cash, which would have otherwise generated more profit for her thriving business, Dhany and her husband approached few banks for loans but were roundly rejected because the couple had no collateral or credit history. With her back against the wall, Dhany opted for what most people do in rural Indonesia – she ended up with a cash loan from a loan shark at 10% interest per week (520% APR).

Fairbanc founder Mir Haque in front of his startup's San Francisco office.

Last year, Fairbanc, the Silicon Valley-based FinTech operating in Southeast Asia, lent Dhany, 37, $220 a week in revolving digital credit that can only be used every week to buy Unilever products, which are typically fast-moving and return higher margins than other consumer goods. With Fairbanc's digital credit, Dhany bought Unilever products some of which carried a margin as high as 30% a week and was able to increase her shop's sales by around $300 a month.

Dhany Aryantono at her shop in rural Indonesia
 

Fairbanc, founded in 2018 by Mir Haque, a former business strategist for many of the well-known tech companies in Silicon Valley, recently received funding from globally recognized investors, including from an Indonesian billionaire.

Fairbanc initially tested its closed-loop credit and data analytics platform with Unilever in Bangladesh, and now primarily focuses on Southeast Asian markets. What's so Unique about Fairbanc is that the credit it offers the unbanked merchants to buy products from its large consumer brand partners is simply a one-time passcode sent via text messages to the merchant's cell phone – a deft solution for the unbanked segment of the market that lags behind in smartphone ownership and digital literacy. Fairbanc also heavily relies on data science and machine learning in automating its credit scoring and risk monitoring.

Companies like Fairbanc are at the forefront of the race to deliver rudimentary financial services to the 1.7 billion people on the planet who lack even a bank account. According to a joint study published by IFC and McKinsey, the total unmet need for credit by all formal and informal micro, small and midsize enterprises (MSME) in emerging markets today is in the range of $2.1 trillion to $2.5 trillion. Providing them with the basics of credit is one of the great challenges and opportunities of the century.

Fairbanc founder Mir was born in Bangladesh, the birthplace of microcredit pioneered by Nobel Laureate Mohammad Yunus. Mir, who came to the US all alone as a teenage foreign student, financed his undergraduate tuition by driving a night shift taxi in New York City. Mir has since earned his MBA in finance from the Wharton Business School and previously worked for companies like Mckinsey, Deutsche Bank, Adobe, and Google.

Fairbanc's founding team includes many fintech veterans like the former CTO of Kiva, a San Francisco based microcredit platform that operates in 77 countries and disbursed $1.4B in microloans, and Thomas Schumacher who co-founded California based emerging market microloan giant Tala that recently closed a funding round at $800M valuation.

Where banks saw risk, Fairbanc saw an opportunity. By partnering up with large consumer brand companies and only offering productive loans to purchase high margin products like Unilever, Fairbanc expects to reduce loan default risks significantly while scaling quickly by leveraging the consumer brand's large merchant network.

With its new capital, Fairbanc plans to make a bigger push into Indonesia, a country that hosts the fourth largest unbanked population globally, with 95 million adults still lacking a formal account at a financial institution. However, with a growing middle class, an increasingly tech-savvy youth population and a regulatory environment encouraging innovation and entrepreneurship, Indonesia is now home to the most billion-dollar tech start-ups in Southeast Asia (including Bukalapak, Go-Jek, Tokopedia, and OVO), boasting a range of e-commerce, ride-sharing, media distribution, and financial services.

Mir is convinced that Indonesia offers Fairbanc the right backdrop to bring about a scalable solution that can be replicated in many other emerging countries to address one of the greatest challenges and opportunities of the century: providing the millions of merchants with the basics of credit to help fuel economic revitalizations in order to uplift millions of poor merchants like Dhany out of dire poverty.

Contact Details
Company: Fairbanc
Name: Mir Haque
Email: Mir@fairbanc.app
Website: https://fairbanc.app/

SOURCE: Fairbanc

ReleaseID: 577744

Holdings in Company – La Mancha

DIDCOT, UK / ACCESSWIRE / February 25, 2020 / Altus Strategies Plc AIM:ALS & TSX-V:ALTS

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

 

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Altus Strategies PLC

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer

 

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

 

An event changing the breakdown of voting rights

 

Other (please specify)iii:

 

3. Details of person subject to the notification obligationiv

Name

La Mancha Holding S.a.r.l.

City and country of registered office (if applicable)

Luxemburg, Grand Duchy of Luxembourg

4. Full name of shareholder(s) (if different from 3.)v

Name

 

City and country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reachedvi:

21/02/2020

6. Date on which issuer notified (DD/MM/YYYY):

24/02/2020

7. Total positions of person(s) subject to the notification obligation

 

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

35.45

N/A

35.45

70,091,601

Position of previous notification (if

applicable)

 
 
 
 

 
 
 
 
 
 
 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Ordinary 5p GB00BJ9TYB96

24,845,878

N/A

35.45

N/A

 
 
 
 
 

 
 
 
 
 

SUBTOTAL 8. A

24,845,878

35.45

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
datex

Exercise/
Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

 
 
 
 
 

 
 
 
 
 

 
 
 
 
 

 
 

SUBTOTAL 8. B 1

 
 

 

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration
datex

Exercise/
Conversion Period xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

 
 
 
 
 
 

 
 
 
 
 
 

 
 
 
 
 
 

 
 
 

SUBTOTAL 8.B.2

 
 

 

 
 
 
 
 
 
 
 
 
 

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

 

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

X

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Mrs Yousriya Nassif Loza (100% owner)

 
 
 

Marchmont Limited (100% owner)

 
 
 

La Mancha Holding S.a r.l

35.45

N/A

35.45

 
 
 
 

 
 
 
 

 

10. In case of proxy voting, please identify:

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

 

11. Additional informationxvi

 

 
 
 
 
 

Place of completion

Luxembourg

Date of completion

24/02/2020

CONTACT:

Martin Keylock
07730985896
m.keylock@altus-strategies.com

SOURCE: Altus Strategies PLC

ReleaseID: 577780

Eazysmm Unveils Effective Marketing Ways for Tiktok Account Holders to Earn Followers and Likes

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Hochiminh, Vietnam – February 25, 2020 / /

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Source:

Release ID: 88947902