News Hub | News Direct

Lifestyle

Beverage: Coffee/Tea/Non-Alcoholic Beverage: Spirits/Beer/Wine Casino/Gaming Fashion Food/Cooking/Baking Health & Fitness Home Goods Hospitality Leisure Activities & Hobbies Parenting Pets Photography Seniors Travel & Tourism
Article thumbnail News Release

Midas touch: British jewellery brand 7879 accelerates sales 977% in Y1 as revenues double

7879

British jewellery pioneer brand 7879 is today reporting a 977% increase in sales as revenue numbers set to double to £3m in 2023, just 12 months since launch. Founded by SecretSales.com founder Sach Kukadia and former BCG exec Ben Flowers, 7879 produces wearable jewellery items with two distinct features; all items are made from investment grade bullion and responsibly mined Platinum and are priced transparently for the first time (typically more than half of high street sellers) by weight in real-time according to the international bullion market. The growth and scale at 7879 has been led by customers seeking a fresh approach to collecting jewellery as quarterly revenues jumped 977% from Q1 to Q4 in the first year’s trading. Average order values increased linearly to £500 and continue to grow, while repeat customers have contributed almost 50% of revenue numbers over the year with some buying up to 19 times within a few months. Customers are split 60:40 female to male ratio as all products listed are unisex. The introduction of transparent pricing has led to a disproportionately higher volume of platinum to gold sales, compared to the industry average. The company’s name 7879 reflects the atomic numbers for platinum and gold on the periodic table, with all items being made from 100% recycled 24k gold or ethically mined platinum. 7879 customers can, for the first time, buy pure precious metals in the form of wearable jewellery, accurately reflecting the items true underlying cost, providing everyday jewellery that can generate potential yields on the metal value. The jewellery’s precious metals value can be tracked through a personalised online portfolio where they can sell back their items, regardless of its condition, for the prevailing price of platinum or gold. When items are sold back to 7879, the company melts the items down and repurposes the metal into new pieces, creating a circular ecosystem with a focus on sustainability and their carbon footprint. All packaging is fully recyclable too and uses no plastic. Sach Kukadia, co-founder and CEO of 7879 commented: “We had a brilliant first year and are set to take off in 2023. Consumer behaviour post pandemic has shifted towards smart purchases that may offer reduced risk. Our jewellery will hold monetary value forever and we believe jewellery should be viewed with the same investment thesis as property, wine or fine art. It is clear consumers want value exchange with every purchase; not only do we promise liquidity at any time but we sell jewellery pieces produced using a superior purity, for a fraction of the price, as well as a guaranteed sustainability promise. Furthermore, at a time of significant economic uncertainty, we believe selling jewellery transparently – not just in terms of pricing but also in quality – is key to paving the way to a sustainable future.” The 7879 collection, comprises unisex pieces in weighted and solid 24-karat recycled gold or responsibly mined platinum, is designed in-house, with each piece hand finished, ASSAY office approved, hallmarked, certified and authenticated for the purity of metal. Every piece bought from 7879 comes with a lifetime warranty as well as having the benefits of being hypoallergenic and antimicrobial. “Gold and platinum landed on earth in a colossal meteor shower 4 billion years ago and in its purest form, it is antimicrobial and hypoallergenic, making our jewellery perfectly positioned in a world of heightened sanitisation post pandemic.” added Ben Flowers, CTO and cofounder at 7879. 2022 - key business highlights: February - Launched 'Made to Order' program (never out of stock) April - Launch in Selfridges as part of their “Shopping the Future” campaign May - 7879 generates £130k in sales June - 7879 receives £5.5m seed investment October - Launch of London Underground and Billboard Campaign November - 7879 launches in Harrods for Black Friday and Christmas December - 7879 finishes year on £1.5m+ sales Following a successful start, 7879 plans to quickly expand abroad in the first half of 2023 driven by demand from brand partners and retailers in the USA, Europe and the Middle East. New product launches are planned every month with a focus on everyday wear. About 7879 Transparency lies at the heart of the business. Product prices are driven by weight, real-time international bullion markets, and an honest craftsman's fee. This straightforward pricing formula enables consumers to track their jewellery's daily value using their personalised portfolio. If they decide for whatever reason to sell, 7879 guarantees to buy back all pieces based on the prevailing market price minus a nominal transaction fee. 7879 takes its sustainability responsibilities seriously. Items sold back to 7879 are subsequently melted down and recycled, thereby creating a circular ecosystem that reduces impacts to the environment. All the gold used is made from recycled gold, and all the platinum is responsibly mined. 7879 also minimises its environmental footprint by using recyclable material for their packaging. For more information please visit https://7879.co/ Further background Sach has a proven track record in e-commerce and fashion, having founded Secret Sales, the UK’s pre-eminent flash sales platform for fashion and accessories, with his brother Nish. Under their leadership Secret Sales was scaled into a business with annual revenues of £50m and a team of 150 within eight years, before selling the business. Secret Sales was ranked in The Sunday Times Tech Track 100 as one of the UK's fastest growing private companies and Sach personally has been recognised as Fashion Entrepreneur of the Year 2014 (Great British Entrepreneur Awards), Entrepreneur of the Year 2015 (Asian Achievers Awards) and featured in Retail Week's E-tail Power List Top 50 in both 2015 & 2016. Sach also chairs Rehaus, a digital marketplace for pre-owned designer furniture. Ben Flowers comes from a technology background, having worked in various London-based start-ups and software consultancies. He has most recently been working as a Venture CTO at BCG Digital Ventures (BCGDV), the dedicated business-building firm of Boston Consulting Group (BCG). BCGDV is the industry's leading business builder and has launched nearly 200 trailblazing businesses, with a success rate that is unmatched industry wide. Contact Details 7879 Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://7879.co/

February 28, 2023 07:00 AM Eastern Standard Time

Image
Article thumbnail News Release

CleverTap’s Fintech Benchmark Report: Only 1 in 5 users that install fintech apps sign up within week one

CleverTap

CleverTap, the modern integrated retention cloud, released its Industry Benchmark Report for Fintech Apps 2022. As fintech apps continue to grow more popular, the number of players vying for market share has increased. This has subsequently reduced customer retention and “stickiness” for any one brand. Therefore, today more than ever, it is crucial that fintech companies find ways to drive customer “stickiness” by engaging users in effective ways that eventually drive transactions and fuel growth. The report reflects data collected from Asia-Pacific, Europe, India, Latin America, Middle-East, and North America. The report gives marketers a truly holistic view of key metrics within the fintech app landscape.It also spans a wide variety of fintech apps, including, but not limited to, mobile payment apps, cryptocurrency, and block chain services, along with banking and insurance among others. These insights will not only serve as a helpful starting point for developing successful engagement strategies, but also assist in understanding how an app fares in comparison to global averages. Some of the key metrics in the report include: Install to sign-up rate: Only 1 in 5 users that install fintech apps (21%) end up signing up within the first week. Average time to sign-up: 70% of the users that sign-up, do so within 75 seconds of launching the app for the first time. Sign-up to conversion rate: 95% of newly signed-up users make at least one financial transaction in the first month. Average time to convert: 76% of newly signed-up users move from onboarding to deeper-in-the-funnel engagement within an average of 7 days. Session frequency: On average, fintech app users launch their app around 11 times a month. Average repeat transaction rate for new users: 15% of newly signed-up users complete more than one transaction in the first week. Average click-through rate for push notifications: On average, 9% of Android users and 6% of iOS users will click on and interact with push notifications. Average click-through rate for in-app notifications: The click-through rate for in-app notifications is 24%, that’s about 3 times more than that of push notifications. Average email open rate: 34% users open emails sent by fintech companies Average Stickiness Quotient: Fintech apps enjoy a stickiness quotient of 22%, that indicates nearly one-quarter of MAUs consistently return to their fintech apps “The fintech industry has seen exponential growth in the last few years. Given the relentless competition within the space, fintech platforms need to step up their Omnichannel engagement efforts to better retain customers,” said Jacob Joseph, VP-Data Science, CleverTap. “The benchmark metrics laid out in our report provide a great starting point for growth marketers looking to develop effective marketing strategies. They will be able to compare numbers against global averages and pinpoint which aspects they are excelling at and which areas could use some attention or innovation.” 95% of new fintech users complete a monetary transaction in the first month. This shows that while users see value in fintech apps, it’s important to adopt customized user engagement strategies to boost retention on the platform. Today there is a real need for fintech brands to bake-in effective marketing strategies within their apps. Users will remain responsive as long as the experience is engaging and seamless. The benchmark report helps fintech apps understand how to build successful mobile communication campaigns, and also allows growth marketers to discover areas that require greater focus. The report can be downloaded here. About CleverTap CleverTap is the World's #1 Retention Cloud that helps app-first brands personalize and optimize all consumer touch points to improve user engagement, retention, and lifetime value. It's the only solution built to address the needs of retention and growth teams, with audience analytics, deep-segmentation, multi-channel engagement, product recommendations, and automation in one unified product. The platform is powered by TesseractDB™ - the world’s first purpose-built database for customer engagement, offering both speed and economies of scale. CleverTap is trusted by 2000 customers, including Gojek, Electronic Arts, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa Johns, and Tesco. Backed by leading investors such as Sequoia India, Tiger Global, Accel, and CDPQ the company is headquartered in Mountain View, California, with presence in San Francisco, New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Singapore, and Jakarta. For more information, visit clevertap.com or follow on LinkedIn and Twitter. Forward-Looking Statements Some of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release. Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction. Contact Details Sony Shetty sony@clevertap.com Company Website https://clevertap.com/

February 27, 2023 02:51 PM Eastern Standard Time

Article thumbnail News Release

Borealis Foods Inc. to Go Public Through Business Combination with Oxus Acquisition Corp., Advancing the Mission to Develop Global Food Solutions

Borealis Food Inc

~Borealis Foods Inc. is a food technology company with a mission to address global food security challenges by developing highly nutritious and functional food products that are both affordable and sustainable. The company's focus on affordability and sustainability reflects its commitment to making a positive impact on both human life and the planet. With its unique approach, Borealis has a significant opportunity to create a meaningful and profound impact on the world. ~ ~Palmetto Gourmet Foods, Inc., a wholly owned US subsidiary of Borealis, is a world class food grade manufacturing facility with an annual capacity to produce 600 million highly nutritious, ready-to-eat ramen meals, sold in the US, Canada and soon Europe~ ~ Borealis’ Leadership will continue to lead the Newly Combined Company with Reza Soltanzadeh, MD as CEO and Barthelemy Helg as Chairman ~ ~ The Transaction values Borealis at an equity value of $150 million ~ ~ Transaction expected to close during the third quarter of 2023 ~ Borealis Foods Inc., an innovative food technology company (“Borealis”), and Oxus Acquisition Corp. (“Oxus”) (Nasdaq: OXUSU, OXUS, OXUSW), a special purpose acquisition company, today announced the signing of a definitive business combination agreement on February 23, 2023, that is expected to result in a newly-combined company (the “Company”) under the name Borealis Foods Inc. Upon closing of the proposed transaction, the Company will continue to be led by Borealis’ CEO and Co-Founder Reza Soltanzadeh, and Chairman and Co-Founder Barthelemy Helg. The boards of directors of Borealis and Oxus have each unanimously approved the proposed transaction. Borealis is a food technology company that has developed a high quality, affordable, sustainable and highly nutritious range of plant-based, ready-to-eat meals, which are sold in the US, Canada, and are expected to be soon sold in Europe. Borealis Foods has developed and launched the world’s first mass-produced plant-based ramen meal with 20 grams of complete protein per serving. This achievement in the plant-based protein industry underscores Borealis' commitment to developing cutting-edge solutions to tackle global food challenges. Through continuous research and development, and partnerships with other advanced food-tech companies, Borealis has created ramen meals that are organic, vegan, vegetarian, Halal, Kosher, plant-based, egg and dairy free, non-GMO, MSG free, and TBHQ free, and are manufactured with recyclable packaging. The ramen category represents an estimated $40 billion market and plays an essential role in feeding billions of people worldwide. Reza Soltanzadeh, CEO of Borealis, shared “We are thrilled about the next stage of Borealis and our alignment with Oxus on our shared vision of making healthy and sustainable food accessible to all. By closing a business combination with Oxus, we can fully realize our mission of developing food technology solutions to address global food challenges. This new company represents a significant step forward for us.” Kanat Mynzhanov, CEO of Oxus, said "We, at Oxus Acquisition Corp., have been looking for companies and technologies that have a positive, sustainable, environmental impact on a global basis. Our team has been working hard to find an optimal partner to join us in this quest; we have evaluated many potential candidates and we believe that we have found an excellent partner in Borealis, as a leading platform in food tech, and Palmetto as their first successful application of such innovation on a commercial scale. We believe Borealis is uniquely positioned to revolutionize the global basic food industry.” Oxus raised approximately $172,500,000 million in gross proceeds in its initial public offering, including the proceeds of the exercise of the over-allotment option. It was listed on the NASDAQ on September 21, 2021, to identify and consummate an initial business combination with a target that can benefit from the investment, operating, and innovating experience of Oxus’s management team and sponsor. Transaction Summary Under the proposed transaction terms, Borealis will combine with Oxus and become a publicly traded entity under its existing name. The transaction values Borealis at $150 million equity value. Oxus Capital PTE. Ltd., the sponsor of Oxus, invested $20 million into Borealis as a convertible note in December 2022. In addition, an additional $20 million convertible note from a third-party investor which is expected to fund in April 2023 has been secured. The Company’s board is expected to be comprised of seven directors, five of whom will be independent, consistent with the applicable NASDAQ listing rules. The proposed transaction will require approval of the shareholders of Oxus and is expected to close during the third quarter of 2023, subject to the satisfaction of customary closing conditions. Advisors Oxus: Torys LLP (Canada), Travers Thorp Alberga (Cayman Islands), and Greenberg Traurig, LLP are acting as legal counsel to Oxus (US). EarlyBirdCapital, Inc. is serving as financial advisor and Scalar LLC provided a fairness opinion to the Board of Directors of Oxus. Borealis: Nixon Peabody LLP (US) and Bennett Jones LLP (Canada) are acting as legal counsel to Borealis. Additional Information and Where to Find It This communication relates to the proposed transaction but does not contain all the information that should be considered concerning the proposed transaction and is not intended to form the basis of any investment decision or any other decision in respect of the proposed transaction. Oxus intends to file with the SEC a registration statement on Form S-4 relating to the proposed transaction that will include a proxy statement of Oxus and a prospectus of Oxus. When available, the definitive proxy statement/prospectus and other relevant materials will be sent to all Oxus shareholders as of a record date to be established for voting on the proposed transaction. Oxus also will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and securities holders of Oxus are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about Oxus, Borealis and the proposed transaction. Investors and securities holders will be able to obtain free copies of the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Oxus through the website maintained by the SEC at www.sec.gov. In addition, the documents filed by Oxus may be obtained free of charge from Oxus’s website at https://www.oxusacquisition.com/or by written request to Oxus at Oxus Acquisition Corp., 300/26 Dostyk Avenue, Almaty, Kazakhstan 050020. Participants in Solicitation Oxus and Borealis and their respective directors and officers may be deemed to be participants in the solicitation of proxies from Oxus’s shareholders in connection with the proposed transaction. Information about Oxus’s directors and executive officers and their ownership of Oxus’s securities is set forth in Oxus’s filings with the SEC, including Oxus’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which was filed with the SEC on March 31, 2022. To the extent that such persons’ holdings of Oxus’s securities have changed since the amounts disclosed in Oxus’s Annual Report on Form 10-K, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the names and interests in the proposed transaction of Oxus’s and Borealis’ respective directors and officers and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus regarding the proposed transaction when it becomes available. You may obtain free copies of these documents as described in the preceding paragraph. Forward-Looking Statements This communication contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Borealis and Oxus, including statements regarding the benefits of the proposed transaction, the anticipated timing of the completion of the proposed transaction, the products offered by Borealis and the markets in which it operates, the expected total addressable market for the products offered by Borealis, the sufficiency of the net proceeds of the proposed transaction to fund Borealis’ operations and business plan and Borealis’ projected future results. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to material risks and uncertainties and other factors, many of which are outside the control of Borealis. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including, but not limited to: (i) the risk that the proposed transaction may not be completed in a timely manner or at all; (ii) the risk that the proposed transaction may not be completed by Oxus’s business combination deadline and the potential failure to obtain an extension of the business combination deadline sought by Oxus; (iii) the failure to satisfy the conditions to the consummation of the proposed transaction, including the adoption of the business combination agreement by the shareholders of Oxus and Borealis, the satisfaction of the minimum trust account amount following redemptions by Oxus’s public shareholders and the receipt of certain governmental and regulatory approvals, among other closing conditions; (iv) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; (vi) the effect of the announcement or pendency of the proposed transaction on Borealis’ business relationships, performance, and business generally; (vii) risks that the proposed transaction disrupts current plans and operations of Borealis; (viii) the outcome of any legal proceedings that may be instituted against Borealis, Oxus or others related to the business combination agreement or the proposed transaction; (ix) the ability to meet NASDAQ listing standards at or following the consummation of the proposed transaction; (x) the ability to recognize the anticipated benefits of the proposed transaction, which may be affected by a variety of factors, including changes in the competitive and highly regulated industries in which Borealis operates, variations in performance across competitors and partners, changes in laws and regulations affecting Borealis’ business, the ability of Borealis and the post-combination company to retain its management and key employees and general economic and financial market trends, disruptions and risks; (xi) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction; (xii) the risk that Borealis will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; (xiii) the risk that the post-combination company experiences difficulties in managing its growth and expanding operations; (xiv) the risk of product liability or regulatory lawsuits or proceedings relating to Borealis’ business; (xv) the risk that Borealis is unable to secure or protect its intellectual property; (xvi) the effects of COVID-19 or other public health crises on Borealis’ business and results of operations and the global economy and geopolitical climate generally; and (xvii) costs related to the proposed transaction. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Oxus’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, the registration statement on Form S-4 and proxy statement/prospectus discussed above and other documents filed by Oxus from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially adversely from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Borealis and Oxus assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Borealis nor Oxus gives or can give any assurance that either Borealis or Oxus will achieve its expectations. No Offer or Solicitation This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Oxus or Borealis, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or exemptions therefrom. Contact Details Oxus Acquisition Corp. media@oxusacquisition.com VYOO Henry Wong henry@vyoobrand.com Company Website https://borealisfoods.ca/

February 24, 2023 05:23 PM Eastern Standard Time

Article thumbnail News Release

OPPO Is Back to MFW: The Exclusive Find N2 Flip Wears the Iconic Tulle of ACT N°1

OPPO

MILAN, ITALY - Media OutReach - 24 February 2023 - OPPO, one of the world’s leading companies in the field of smart devices, is once again at the center of Milan Fashion Week 2023, one of the most awaited international events in the fashion scene, thanks to the new collaboration with ACT N°1, amongst the most reputable brands supported by the Maison Valentino. Under spotlight, the new OPPO Find N2 Flip symbolizes OPPO’s dedication to support young talents in the fashion industry, enhancing its flagship features, embellished by the exclusive ruffle bag created from the designer Luca Lin’s iconic tulle. The collaboration was created with the aim of celebrating the perfect union between fashion and technology, attention to detail and product exclusivity. A value that unites the two protagonists of the fashion show and that can be enclosed in OPPO's brand mission, "Inspiration Ahead”, the continuous effort to improve today's reality that OPPO translates into innovation and beauty of its products, and ACT N°1 through the creation of inclusive models that are always inspired by art. In this way, Milan Fashion Week becomes the perfect setting to demonstrate how technology is not only creativity, but also an increasingly fundamental part of the creative process. The essence of OPPO and ACT N°1 is tangible in each of their creations as they concretely translate their values and leave an indelible imprint linked to a strong connection with their own history and at the same time with an eye to the present but especially to the future. “Fashion is about expressing a style. In our time, fashion needs to open up to different collaborations to create synergies and a storytelling. This collaboration is about the balance between innovation and elegance, free creativity and functionality, interiority and aesthetics, power and lightness.”, said Luca Lin, Cofounder of ACT N°1. The combination of materials, colors, and design give shape to a unique and functional union: the smartphone's lightweight but premium materials are intertwined with the transparency of handmade tulle, which, in addition of being the iconic and recurring material of the fashion brand, allows you to see the smartphone cover and its innovative vertical screen further embellishing the design. The OPPO Find N2 Flip's sleek and elegant style, delicate camera design, and device body are just some of the features that are highlighted by ACT N°1's craftsmanship. Just like the new OPPO Find N2 Flip, the ruffle bag aims to be practical and functional, without forgetting style and originality. Technology and fashion evolve in step with the needs of consumers, changing shape and characteristics, researching, and developing a product that meets the real needs of the moment. Therefore, the perfect balance becomes a key element to achieve the best results in terms of quality and satisfaction. OPPO, by creating the Find N2 Flip, has developed the best technologies, creating a premium and high-performance foldable device, without sacrificing aesthetics, a common element with ACT N°1. "The technological excellence achieved with the new Find N2 Flip consolidates an important growth path in the flagship category, allowing us to enter the flip market. As a result of our consolidation in co-branding partnerships, the collaboration with ACT N°1 is intended to be the first act of a show that allows us to continue to oversee and strengthen our positioning in the fashion world. Having the opportunity to support new generations of young talents enriches our history and broadens the search for new areas of expansion" said Billy Zhang, President of Overseas Sales and Services, OPPO. About OPPO OPPO is a leading global smart device brand. Since the launch of its first mobile phone - “Smiley Face” - in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services such as OPPO Cloud and OPPO+. OPPO has footprints in more than 60 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world. Contact Details Media Contact press@oppo.com

February 24, 2023 11:59 AM Eastern Standard Time

Image
Article thumbnail News Release

High Apparel Returns Can Have Significant Impact On The Environment, As An Estimated Five Billion Pounds End Up In Landfills; MySize (NASDAQ: MYSZ) May Have The Solution

MySize, Inc.

By Ernest Dela Aglanu, Benzinga MySize Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA), an omnichannel e-commerce platform and provider of artificial intelligence (AI)-driven measurement solutions, is systematically carving a niche for itself as a leader that believes in environmental sustainability. For over two decades, the company has been working to solve two critical problems facing the fashion retail industry — customers receiving apparel that doesn’t fit and reducing returns that sometimes end up in landfills. A survey conducted by Power Reviews revealed that clothing topped the items returned by customers who purchase online. Clothing led with 88%, shoes were at 44%, and electronics at 43% rounded off the list of the top three most returned product categories. The study further elucidated that the top three reasons people gave for returning an item were that it didn’t fit (70%), the item was damaged, or defective (65%), or the item didn’t match the description (49%). These fit-related problems are estimated to be costing retailers worldwide $642.6 billion, and only 48% of returns can be resold at full price. While it’s expected that returned apparels go back on sale, that’s unfortunately not always the case because retailers seem to spend more on assessing and repackaging them than trashing them, which may appear cheaper. Sadly, an estimated five billion pounds of returns end up in landfills, prompting experts to conclude that fashion has developed a notorious environmental footprint — accounting for up to 10% of global carbon dioxide output. There are now concerns that the fashion industry will retain its unwanted reputation as a significant contributor to climate change should marketing practices that encourage waste and fuel emissions continue to persist. While some brands like Burberry Group plc. (LON: BRBY), Nike Inc. (NYSE: NKE) and American Eagle Outfitters Inc. (NYSE: AEO) have moved toward donating and repurposing returned goods, a large number of retailers are still trashing returns. Now, concerns around environmental sustainability are influencing consumer behavior. The Capgemini Research Institute found that almost 80% of consumers are changing their shopping habits based on social responsibility and environmental impact. This is where MySize ’s sustainability-focused business practices could enhance value in the industry, especially as there is currently a global push for the reduction of waste and preservation of resources like clean air, water and wildlife for future generations. Brands are more likely to use MySize’s solutions to show their consumers that they are green. Some well-known brands have already adopted the company’s technology. On January 24, MySize revealed that Germany-based multidisciplinary fashion label Rotholz had selected and fully implemented the Naiz Fit sizing solution on its e-commerce site. A press release by the company said the selection showed how fashion could be made in harmony with nature, people, and ethics, as Rotholz works in collaboration with creatives from all over the world to bring together advanced design and production processes. “Naiz Fit is now used throughout Europe and beyond to create a superior customer experience and to support sustainable shopping. We welcome Rotholz as our latest fashion brand to adopt a MySize sizing solution, and we’re pleased to be a part of their corporate sustainability ethic,” Ronen Luzon, MySize CEO and founder, said. Spain-based Natura also fully implemented the Naiz Fit sizing solution allowing customers shopping at Natura’s online stores and its 200 physical stores throughout Spain, Portugal, Italy, and Andorra to use the Naiz Fit app to take their measurements and match their ideal fit with Natura’s apparel collections. Natura has been committed to making the world a better place with its unique and environment-friendly products, including a broad selection of apparel for women, men, and children. Through the Natura Award, the company has been creating a positive impact around the world by supporting more than 70 humanitarian aid and nature protection projects since 1994. MySize entered into an agreement with 7 For All Mankind (Brazil), a premium global clothing brand, to license its MySizeID apparel sizing solution in August last year. “7 For All Mankind’s commitment to continuous improvement to serve humanity is admirable, and MySizeID is pleased to partner with them in their mission,” Luzon said. Esber Hajli, CEO of 7 For All Mankind (Brazil), on her part, commented, “By implementing MySizeID, an innovative, market-leading sizing solution, we believe we can significantly reduce returns and its associated financial and environmental costs.” This article was originally published on Benzinga here. MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) is an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients. Orgad, its online retailer platform, has expertise in e-commerce, supply chain, and technology operating as a third-party seller on Amazon.com and other sites. MySize recently launched FirstLook Smart Mirror, a mirror-like touch display that provides in-store customers an enhanced shopping experience and contactless checkout. FirstLook Smart Mirror extends MySize's reach into physical stores and is expected to contribute to revenues through unit sales and recurring service fees.MySize has developed a unique measurement technology based on sophisticated algorithms and cutting-edge technology with broad applications, including the apparel, e-commerce, DIY, shipping, and parcel delivery industries. This proprietary measurement technology is driven by several algorithms that are able to calculate and record measurements in a variety of novel ways. To learn more about MySize, please visit our website: www.mysizeid.com. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Or Kles, CFO ir@mysizeid.com Company Website https://mysizeid.com

February 24, 2023 09:15 AM Eastern Standard Time

Article thumbnail News Release

OYO Saw 20% Jump in Bookings on Presidents’ Day Weekend

OYO

Global travel technology company, OYO’s US operations saw a 23% increase in per available room (RevPar) for the 3-day long Presidents’ Day weekend (18 th – 20 th February 2023) vs Presidents’ Day weekend in 2022 (19 th – 21 st 2022). Nearly 20% more bookings were made for this weekend in OYO hotels across the country vs same period in 2022. Most bookings for this weekend came from New York, Chicago, Atlanta as well as from popular leisure markets like Nashville and Phoenix. Bookings from OYO’s own platform (website & app) grew by 41% as compared to popular OTAs (Online Travel Agents) vs 2022. Presidents Day is observed annually on the third Monday of February. It is a federal holiday celebrated in the honor of George Washington and all those who served as presidents of the United States. Talking about the weekend, Gautam Swaroop, CEO OYO International said, “Presidents’ Day weekend is a very popular mid-winter break across the United States. OYO witnessed a surge in online traffic by ~33% indicating a strong intent to travel. We have also seen a 15% jump in local travel during this period vs 2022. Travel and tourism across the country is on the road to revival and continued uplift in occupancy and RevPar are important indicators of its growth.” OYO offers hotels access to a large base of regular customers through its app and website, and also lists hotels on multiple Online Travel Agents (OTAs) to boost booking demand and, therefore, revenue. OYO’s best-in-class Artificial Intelligence-enabled pricing software automatically drives the best booking prices across all channels, based on room type, seasonality and other factors, therefore, enabling such doubling of revenues. The company also helps ensure great experience for customers, with ease of search and quick booking experience, highly competitive room prices, automated tools such as Artificial Intelligence powered chatbots to quickly resolve customer queries, loyalty programmes and easy refund, if needed. OYO’s USA operation had recently disclosed that it has outpaced the budget hotel segment’s growth in per available room revenue (RevPar) with an 18% rise in 2022 vs pre-COVID year, 2019. The budget hotel segment in the meanwhile, grew by only 6% in the US, according to STR reports. It also witnessed a 46% increase in per room revenue (RevPar) for its hotels since Covid (2020) with the strongest uplift at 64%, recorded during the peak season months of June, July, August vs the same period in 2020. Coastal Oregon, Miami, Myrtle beach, Houston and San Antonio emerged as the destinations with highest RevPar in 2022. Travel recovery was largely led by domestic travel in the US. Disclaimer: Oravel Stays Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares (the “Equity Shares”) and has filed the Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges, i.e., BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively, and is available on the websites of the Global Coordinators and Book Running Lead Managers, i.e., Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited and Citigroup Global Markets India Private Limited at www.investmentbank.kotak.com, www.jpmipl.com and www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm; the websites of the Book Running Lead Managers, i.e., ICICI Securities Limited, Nomura Financial Advisory and Securities (India) Private Limited, JM Financial Limited and Deutsche Equities India Private Limited at www.icicisecurities.com, www.nomuraholdings.com/company/group/asia/india/index.html, www.jmfl.com and www.db.com/India, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, refer to the Red Herring Prospectus which may be filed with the Registrar of Companies in the future, including the section titled “Risk Factors”. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision. The Equity Shares offered in the Fresh Issue (as defined in the DRHP) and the Offer for Sale (as defined in the DRHP) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States only to “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) in transactions exempt from, or not subject to, the registration requirements under the Securities Act, and (ii) outside the United States in offshore transactions in reliance on Regulation S under the Securities Act and pursuant to the applicable laws of the jurisdictions where those offers and sales are made. There will be no public offering of the Equity Shares in the United States. Contact Details Anupriya +91 97911 63065 anupriya.d@oyorooms.com Company Website https://www.oyorooms.com/

February 24, 2023 09:00 AM Eastern Standard Time

Article thumbnail News Release

Freedom Holdings Gives Insight of the New Corporate Focus

FREEDOM HLDG INC.

MCapMediaWire -- Freedom Holdings, Inc. aka Freedom Acquisition Corp (OTC: FHLD ) (“FHLD” or the "Company”), is pleased to announce the new management’s long-term goal in the cannabis arena which completes our plan to re-structuring the company with a productive reorganization in the Cannabis arena. With MEDcann, Inc. as our new majority owned shareholder, the Company is a Medical Cannabis Company focusing on Beverage manufacturing under 420 Beverages which is partners with a 420 - 215 licensed company called the Medical Cannabis, Inc. a subsidiary of MedCann. We are focusing on Research, in medical beverages, overseeing product manufacturing and sales. Our divisions in the cannabis industry, along with their associated products in the medical and health industries plans to Grow, Cultivate, Research and Manufacture CBD and THC beer and soft drinks in the medical marijuana industry with products that help a variety of maladies. Our intent is to conduct and pass Clinical Trials pursuant to offer the credibility needed so we can obtain FDA and Patient Recognition. Since there are over 1000 chemicals in each strain of cannabis it maybe next to impossible to get approval, but we plan to set a precedence and mark the new beginning of history by opening the doors to recognition of the potential future for patient curiosity and satisfaction in treating cancer and the associated pain that accompanies the devastating condition. FDA approval will afford us the ability to pursue Insurance company acceptable to support patient access to our VCO (Visita Care Oil) a remake of the RSO (Rick Simpson Oil). RSO is a cannabis concentrate used for many different medical benefits, including relieving cancer symptoms. Press Release Contact: John Vivian CEO Freedom Holdings, Inc. 260-490-9990 Safe Harbor Statement This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief, or current expectations of the Company, members of its management, and assumptions on which such statements are based. We caution prospective investors that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Contact Details Freedom Holdings, Inc. +1 260-490-9990

February 24, 2023 08:30 AM Eastern Standard Time

Article thumbnail News Release

RIPKEN BASEBALL TO DEBUT ALL-RIPKEN GAMES IN 2023

Ripken Baseball

Ripken Baseball today announced it will host the inaugural All-Ripken Games, a platform that will attract the top youth players from across the country to compete at The Ripken Experience® world-class facilities. Players must be nominated by their peers and coaches for the opportunity to train the Ripken Way, compete against elite young athletes, and receive the ultimate Big League Experience. Ripken Baseball is partnering with YTH Sports, a youth sports organization known for its Soccer Youth® brand and All-American Series, to launch the inaugural All-Ripken Games. “Cal and I started Ripken Baseball with a focus on player development,” said Ripken Baseball Co-Founder Bill Ripken. “Over the years, we saw an opportunity to provide a Big League Experience for teams to travel to our world-class facilities, and we’ll continue to excel in that area. With the All-Ripken Games, we are returning to our roots this summer. Our approach to player development is more than just skill. The Ripken Way also focuses on hard work, respect, and sportsmanship.” To be eligible, players must be in high school graduation classes between the Class of 2026 and the Class of 2033 and exhibit an elevated level of baseball knowledge, dedication, sportsmanship, and skill. Participating players will receive All-Ripken uniforms, compete in skills challenges, and play for the ultimate team goal - the All-Ripken Games Tournament Championship. Starting July 27 and continuing through Sept 3, the following complexes will host one series of All-Ripken Games in 2023: July 27-30: The Ripken Experience® Elizabethtown (Kentucky) Aug. 3-6: The Ripken Experience® Myrtle Beach (South Carolina) Aug. 10-13: The Ripken Experience® Pigeon Forge (Tennessee) Aug. 31 - Sept. 3:The Ripken Experience® Aberdeen (Maryland) To nominate and register a player for the All-Ripken Games, parents, coaches, and leagues can visit www.AllRipken.com or email questions to scout@allripken.com. Any participants of The Ripken Experience who are nominated will automatically be selected for the All-Ripken Games. Details about the All-Ripken Softball Games will be announced soon. Families, players, teams, and fans can follow @AllRipken on Instagram, Facebook, and Twitter for the latest information. About Ripken Baseball Ripken Baseball brings teammates, coaches, and families together through its Big League Experiences while teaching children how to play sports the right way – the Ripken Way. Ripken Baseball continues to innovate the game through tournaments, camps, clinics, and spring training at their state-of-the-art baseball and softball facilities – The Ripken Experience® Aberdeen (Maryland), The Ripken Experience® Myrtle Beach (South Carolina), The Ripken Experience® Pigeon Forge (Tennessee), The Ripken Experience® Elizabethtown (Kentucky), and Cooperstown All Star Village (New York). Ripken Baseball also brings its youth sports experience to satellite locations through Ripken Select Tournaments. Learn more at ripkenbaseball.com. About YTH Sports YTH Sports is the leading marketing agency that focuses on developing new brands that help shape the youth sports industry. YTH Sports is the expert in event creation, branding, social media engagement, and activation. Global brands included on company’s portfolio are Soccer Youth®, All-American Series, All-American Golden Cup, All-American Super Cup, and Summer Nationals. Learn more at ythsports.com. Contact Details Eric Nemeth nemeth@ericpr.com Company Website https://ripkenbaseball.com/

February 23, 2023 09:34 AM Eastern Standard Time

Article thumbnail News Release

KOREA’S #1 SHEET MASK BRAND MEDIHEAL ANNOUNCES BRAND TRANSFORMATION

Mediheal

Mediheal announces the relaunch of two core sheet mask collections featuring new fabrics (including Bamboo-derived hypoallergenic biodegradable vegan sheets) and enhanced proprietary active ingredient complexes to boost efficacy. The brand’s Essential Mask Collection now features a new hypoallergenic fabric and treats skin concerns with a boost of new, more powerful active ingredients and the brand’s Ampoule Mask Collection combines scientific skin complexes with new tailored sheets. The new collections are currently available on MedihealUS.com and Amazon, for $2-$30 / 1-10 masks. Mediheal re-developed both legacy collections with consumer feedback as an integral part of the process, while staying true to the brand’s founding principles of dermocosmetics which fuses sophisticated active ingredients with skin health. “We have maintained our number one position in the sheet mask category, globally, since 2015, and are currently available in 25+ countries,” explains Jay Kim, Director of Overseas Business. “To reinforce our role as a global brand and establish our long-term vision, we renewed our brand identity and iconic mask collections to align with the rapidly changing world and to reflect what is most important to today’s beauty consumer. In fact, we engaged with our customers throughout the development process to ensure each collection exceeds expectations.” By optimizing the formulas with upgraded ingredients and sheet mask materials, Mediheal delivers more effective solutions to treat various skin concerns. The brand has also reworked its packaging design to reflect how each mask works for specific skin concerns and its key characteristics, making it easy to understand for the customer. The new collections include products with vegan and biodegradable fiber and packaging made with FSC certified paper and soy ink. The Ampoule Mask Collection comprises of masks that emphasize the functional aspects of scientific complexes: The N.M.F Ampoule Mask (Hydrating & Moisturizing – 8 types of Hyaluronic and 7 Amino Acids), The I.P.I Ampoule Mask (Brightening & Radiant – Niacinamide & Glutathione), The H.P.A Ampoule Mask (Exfoliating & Glowing – Hydra Peel Activator™) and The E.G.T Ampoule Mask (Nourishing & Tightening). The Essential Collection emphasizes ingredients and their efficacious properties, and is comprise of Tea Tree, Collagen, Phyto-Placenta, Vita, Watermide and Madecassoside masks. The new Mediheal relaunch is available on MedihealUS.com and Amazon. ABOUT MEDIHEAL MEDIHEAL, a brand founded on the principles of dermocosmetics, merges science and beauty to provide solutions for your skin concerns. With a legacy of exclusive ingredients and advanced technologies, our research backed treatments deliver effortless results. MEDIHEAL combines the best of beauty and science with convenience for skincare that fits into your daily life. Contact Details Linsey Tilbor Rubin +1 732-991-5294 ltilbor@rellmc.com Company Website https://medihealus.com/

February 23, 2023 09:02 AM Eastern Standard Time

1 ... 117118119120121 ... 298