SI Newswire Press Releases https://sinewswire.streetinsider.com/ Latest Press Releases from SI Newswire LEAGUE OF WOMEN VOTERS NYC WILL HONOR NYSE HEAD STACEY CUNNINGHAM AND TENNIS LEGEND BILLIE JEAN KING https://sinewswire.streetinsider.com/r/business/league-of-women-voters-nyc-will-honor-nyse-head-stacey-cunningham-tennis-legend-billie-jean-king-.556.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> New York City, NY -- The League of Women Voters of the City of New York, marking the 100th anniversary of the League, will pay tribute to the women who fought for the right for women to vote by honoring two New Yorkers who have broken barriers in their own fields: Stacey Cunningham, President of the New York Stock Exchange, and Billie Jean King, founder of the Billie Jean King Leadership Initiative. Both women will be honored on Tuesday May 21st at a celebration at the Roosevelt Hotel, 45 East 45th Street, from 6pm to 8pm.</p><p>Stacey Cunningham is the President of the NYSE Group which includes the New York Stock Exchange and a diverse range of equity and equity options exchanges, all wholly owned subsidiaries of Intercontinental Exchange (NYSE: ICE). She is the 67th President and the first woman to lead the NYSE Group. Ms. Cunningham began her career on the NYSE trading floor where she served as a specialist. Prior to joining NYSE, Ms. Cunningham held several senior positions at NASDAQ.</p><p>Billy Jean King was named one of the “100 Most Important Americans of the 20th Century” by Life magazine and was a 2009 recipient of the Presidential Medal of Freedom. She is the founder of the Billie Jean King Leadership Initiative, the co-founder of World Team Tennis and part of the ownership group of the Los Angeles Dodgers and the Los Angeles Sparks. She founded the Women’s Sports Foundation and the Women’s Tennis Association. Ms. King serves on the board of the Women’s Sports Foundation and is a past member of the board of the Elton John AIDS Foundation and a past member of the President’s Council on Fitness, Sports and Nutrition.</p><p>The League of women Voters of the City of New York, founded in 1919, encourages informed and active participation in government, works to increase understanding of major public policy issues, and influences public policy through education and advocacy. For sponsorship information and ticket prices call 212,725,3541 or go to <a target="_blank" href="http://www.lwvnyc.org">www.lwvnyc.org</a></p> Business https://sinewswire.streetinsider.com/r/business/league-of-women-voters-nyc-will-honor-nyse-head-stacey-cunningham-tennis-legend-billie-jean-king-.556.html Wed, 27 Mar 2019 16:08:36 -0400 Vembu webinar on protecting your business-critical applications https://sinewswire.streetinsider.com/r/technology/vembu-webinar-on-protecting-your-business-critical-applications.555.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> Today's business has a heavy dependence on applications for their operations and thus look towards measures to keep their applications always available. This is because these applications are generating an enormous amount of data critical for business operations. Downtime of these applications cost you and you could lose Productivity, Revenue, Customer trust, and Brand value.</p><p>In order to avoid this, you need to maintain performance and availability 24×7 or nearly so, for your business-critical applications.</p><p><strong>How do you protect your business-critical applications?</strong></p><p>Join our webinar to know the best practices & solutions to protect your critical applications to keep them always available.</p><p>You’ll walk away from this webinar knowing</p><ul><li>The importance of business-critical applications</li><li>Challenges in safeguarding them</li><li>Best practices in protecting business-critical applications</li><li>Enabling business continuity with Vembu BDR Suite</li></ul><p>And lot more…</p><p><a target="_blank" href="https://www.vembu.com/webinars/?utm_source=prsite&amp;utm_medium=referral&amp;utm_campaign=bcawebinar">Register</a> here to reserve your seat.</p><p>Also, in the event of World Backup Day, Vembu is conducting a survey to enhance its free edition. Take this 20-second <a target="_blank" href="https://www.vembu.com/free-edition-survey-with-vembu/?utm_source=prsite&amp;utm_medium=referral&amp;utm_campaign=freeedsurvey">survey</a> and grab a chance to win Amazon vouchers.</p><p><strong>About Vembu:</strong></p><p>Vembu ventured into the Backup & Disaster Recovery market in 2002 and has been striving to provide affordable software with enterprise-level features for all to achieve complete data protection. Over the last 15+ years, Vembu set its footprint around the globe and is trusted by 60000+ businesses in different sectors (private, public & government) to protect their critical data.</p><p><a target="_blank" href="https://www.vembu.com/vembu-bdr-suite/">Vembu BDR Suite</a> is a comprehensive backup & disaster recovery solution designed to protect the data across diverse IT environments that include virtual (VMware, Hyper-V), physical (Windows, Linux, Mac), and cloud (Office 365 & G Suite).</p><p> </p> Technology https://sinewswire.streetinsider.com/r/technology/vembu-webinar-on-protecting-your-business-critical-applications.555.html Mon, 25 Mar 2019 10:18:10 -0400 Tonaki Tinnitus Protocol Review: Todd Carson's Program Investigated https://sinewswire.streetinsider.com/r/lifestyle/tonaki-tinnitus-protocol-review-todd-carsons-program-investigated.551.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> Tonaki Tinnitus Protocol is an easy to follow program which promises to help peoples having tinnitus by giving them twelve nutrients needed to rebuild the damaged myelin sheath. These smoothies are created by Todd Carson to help people stop heir ringing in the ears caused by aging, loud sounds exposure, earwax blockage, infections and other factors. These twelve ingredients are also known as "Tinnitus 12."</p><p>The online movie and text transcript presentation reveal Todd Carson's and Jo's story and how she was diagnosed with tinnitus and how hard was for her to live with it. Moreover, it shows detailed information on how and why he was sent to this Japanese island named Tonaki. On this island, he met Kyoko, a 73 years old woman originally from Okinawa. This woman handled him the recipes which may help his wife to fight tinnitus naturally. In the end, Todd's wife, after following the specific smoothies for 21 days, started to have less and fewer tinnitus symptoms. </p><p>Due to all these facts, the owners of pharma companies are scared and are trying to shut down Todd Carson's website down. Furthermore, Todd is doing all that he can to inform as many people as he can more on how to fight tinnitus naturally. People may see his movie presentation only on the official Tonaki Tinnitus Protocol webpage.</p><p>More than 49000 people have used Tonaki Tinnitus Protocol until now. So far, the results, claimed by followers, are from almost none to significant positive changes. Todd Carson's Japanese meal and smoothies recipes seem to be very helpful in treating different tinnitus and hearing loss symptoms, which may appear during life.</p><p><a target="_blank" href="http://healthtogheter.com/tonaki-tinnitus-protocol/">Can’t stop the ringing in your ears? Here's How to Silence It Naturally</a></p><p>Todd Carson insists that by following this protocol and depending on its severity, people's tinnitus will be gone. Furthermore, the symptoms will be reduced by 50% with the Binaural Beats by using a process called "retrain the brain." Tinnitus will stop appearing again because his methods are safe and natural. According to some studies conducted by Dr. Ben David M.D., by following this protocol and by listening to the binaural beats, the buzzing in the ears will be gone in less than 13 weeks.</p><p>During childhood and adolescence, people don't have hearing issues. As soon as people are adults and turn 30 years old or more, problems start to appear, and the hearing senses begin to lose strength. Inside this manual are techniques to deal with this kind of situations too. For example inside Tonaki Tinnitus Protocol, people will find detailed information about which are the causes, symptoms of this condition and why taking medications is not a good idea. The main protocol contains the full list or smoothies recipes, also, when and how to enjoy these smoothies. All in one, this program contains many solutions to fix the buzzing in the ears within three months.</p><p>Todd Carson reveals that "Tonaki Tinnitus Protocol" is a program which is backed up by some studies. The University of Leicester study conducted by Dr. Martine Hamann was published in The Journal of Neuroscience, and it shows that ear trauma damages and noise exposure is linked to the myelin sheath. Another study conducted Xuzhou Medical College from China points out that quercetin was repairing the myelin sheath. That's why, all the recipes contained in Tinnitus 12, are clinically proven to regenerate the myelin sheath. Furthermore, Todd claims that in his private study, from more than 400 volunteers, approximately 6% noticed a small benefit while the other more than 90% saw a complete reversal in their condition. All his research cost him money, and that's why he put a small price for "Tonaki Tinnitus Protocol."</p><p><a target="_blank" href="http://healthtogheter.com/tonaki-tinnitus-protocol/"><strong>Watch And Read More: Put an End to Tinnitus With These Delicious Smoothies </strong></a></p><p>To take care of hearing problems, individuals may join a Facebook or Google Plus group of people having the same condition. If they don't do that, they may find clubs or meeting and events in their hometown area by using social media platforms or forums. By speaking with different people having the same health-care problems, will help to feel better about yourself. By doing that, individuals may find different ways to fight tinnitus or other hearing conditions. Always remember, many people have the same condition, and all these people may be found online or in your town.</p><p>The strongest points of Tonaki Tinnitus Protocol are the next ones. People don't have to change their diets because they can add the smoothies from the manual to their daily meals and if the calories intake is too high, they simply may replace the meals with only other smoothies from the manual. All the ingredients used to prepare the smoothies may be found in any supermarket. Furthermore, the main program is available only in digital format and comes with three bonuses also known as The Binaural Beats, Yoga Series, and Tinnitus Trigger Foods. Lastly, this merchandise it is delivered with a complete money back guarantee protection, indicating that if anyone it is not happy with it, may get a full refund for every cent spent on it.</p><p>For Consumer Protection, buy the smoothies recipes to fight tinnitus naturally and use this limited time discount which can be found only on the official Tonaki Tinnitus Protocol website posted below:</p><p><strong><a target="_blank" href="http://healthtogheter.com/tonaki-tinnitus-protocol/">Official Website of This Protocol</a></strong></p> Lifestyle https://sinewswire.streetinsider.com/r/lifestyle/tonaki-tinnitus-protocol-review-todd-carsons-program-investigated.551.html Fri, 20 Jul 2018 18:15:40 -0400 Needham & Company to Host Second Annual Automotive Tech Day, June 4, 2018 https://sinewswire.streetinsider.com/r/investments/needham-company-host-second-annual-automotive-tech-day-june-4-2018.550.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> New York, NY -- Needham & Company will host its Second Annual Automotive Tech Day at its company’s New York Headquarters on June 4, 2018. The day will consist of in-depth panel discussions and presentations on important topics, such as the growth of Advanced Driver Assistance Systems (ADAS), fully autonomous systems, and the advent of electrification and battery management in vehicles, as well as explore the insurance, regulatory, and safety implications of self-driving vehicles.</p><p>Participants will include some of the most prominent public and private C-level management teams, as well as industry experts and consultants in the automotive technology and electrification ecosystems. One-on-one investor meetings with representatives from all of the key players in the space, spanning across Semiconductor/Software companies, Automotive OEMs, Tier 1 suppliers, Battery Management suppliers, Semiconductor Manufacturing, Automotive Consultants, Ride Sharing companies, and innovative private start-ups (V2V, LIDAR, Mapping, AI SW) will be available to qualified investors.</p><p>The Needham Automotive Tech Day is open to clients of Needham & Company by invitation only. For more information, please call (212) 371-8300 or visit <a target="_blank" href="http://www.needhamco.com">www.needhamco.com</a>.</p><p><strong>About Needham & Company</strong></p><p>Needham & Company, LLC, a wholly owned subsidiary of The Needham Group, Inc., is a privately held, full-service investment bank that has focused exclusively on growth companies since its founding 33 years ago. It provides its clients with the resources to achieve their financing and strategic objectives. The Firm has capital raising expertise in IPOs, follow-on public equity offerings, confidentially marketed equity offerings, private placements, mergers and acquisitions, and corporate and venture services (including share repurchases). In addition to investment banking, Needham & Company’s activities include institutional sales and trading, and asset management. To serve its institutional clients, Needham & Company, LLC produces comprehensive equity research on nearly 350 companies in communications and enterprise infrastructure; healthcare; industrial technology; Internet, entertainment and consumer; semiconductors and semiconductor equipment; and software and services; and makes a market in over 600 stocks. The Firm is headquartered in New York City with offices in Boston, MA; Chicago, IL; Menlo Park, CA; and San Francisco, CA. Needham & Company is a member of FINRA & SIPC. For more information, please visit <a target="_blank" href="http://www.needhamco.com">www.needhamco.com</a>.</p><p><strong>Media Contact</strong></p><p>Tucker Hewes, Hewes Communications, Inc.<br />(212) 207-9451<br />tucker@hewescomm.com</p> Investments https://sinewswire.streetinsider.com/r/investments/needham-company-host-second-annual-automotive-tech-day-june-4-2018.550.html Fri, 01 Jun 2018 17:54:54 -0400 DaVinci Body Sculpting: Exclusive Coolsculpting-only Spa Opens in Houston https://sinewswire.streetinsider.com/r/lifestyle/davinci-body-sculpting-exclusive-coolsculpting-only-spa-opens-houston-.549.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> HOUSTON – DaVinci Body Sculpting, Houston’s first CoolSculpting-only spa is now open at Memorial Green, 12525 Memorial Drive, Houston 77024.</p><p>DaVinci exclusively focuses on CoolSculpting®, a non-invasive and highly-advanced fat reduction treatment that uses cold temperature to freeze and destroy fat cells. Using the latest in CoolSculpting® technology, a DaVinci certified clinician will perform the procedure, which results in fat reduction. Each clinician has trained extensively with DaVinci Medical Director, John Bergeron, M.D. and has received advanced training and certification from CoolSculpting University in California.</p><p>With CoolSculpting as its only service, DaVinci is dedicated to provide a specialized and personal experience. Clients are able to walk through the doors of the discrete luxury retreat and feel safe in the hands of their highly trained clinician. During a complimentary consultation, clients will meet one-on-one with a DaVinci clinician. With a collaborative approach, a DaVinci team member performs an assessment, evaluates the client’s body transformation goals, and develops a treatment plan. One CoolSculpting session will reduce fat by 20 percent in as little as 35 minutes. With CoolSculpting, there is zero downtime and the client can notice results within one month and best results within 90 days. DaVinci also offers Dualsculpting, where a highly-trained clinician will use multiple CoolSculpting applications to treat multiple areas in a single session. This process saves time and eliminates additional fat.</p><p>Both women and men can enjoy the upscale and inviting atmosphere at DaVinci. The gender neutral facility caters to all during their in-office procedure to reduce unwanted fat. DaVinci offers its clients access to its “man cave”, a one-of-kind treatment room with a mini bar, sports memorabilia, and three flat screen TVs to enjoy news, sports and entertainment shows during the treatments. Men and woman alike can enjoy and relax in the “man cave” during their CoolSculpting session.</p><p>DaVinci owners John Bergeron M.D. and Lori Lemon Bergeron have a passion for beauty, technology and science. The couple decided to launch DaVinci to maximize the client’s experience, yield impressive results while building client confidence, loyalty and achieving lifestyle and body image goals.</p><p>Dr. Bergeron is a cosmetic surgeon and a specialist in liposuction surgery. He has performs tumescent liposuction under local anesthetic, which is considered by many experts to be the safest and least invasive form of liposuction. Bergeron has performed thousands of liposuction procedures and continues to be one of the most requested surgeons in the region. He was also one of the first doctors in the country trained in performing SmartLipo, laser-assisted liposuction, and is now one of the most experienced doctors in the nation performing this procedure. In an effort to promote a more balanced, healthier lifestyle for his patients, Dr. Bergeron also offers medical weight loss programs and is a member of the American Society of Bariatric Physicians.</p><p>“My cosmetic surgery practice has been devoted to liposuction since 2007 and in the past years I’ve witnessed a surge of non-invasive products with great claims, but nothing compared to the technology behind CoolSculpting.” said Dr. Bergeron. “I have witnessed the results in my patients, CoolSculpting works.”</p><p>Lori Lemon Bergeron is a published author and spent more than 24 year as an executive IT sales professional. Through her advanced training and certification at CoolSculpting University, Bergeron performed countless CoolSculpting procedures with exceptional results. Bergeron is committed to providing exceptional service, care and the art of CoolSculpting with the DaVinci team through mentoring programs and advanced training by utilizing the latest sculpting techniques to maximize a client’s result.</p><p>Lori Bergeron added: “I am excited to bring my professional expertise to DaVinci by providing clients’ with a spa-like experience during their visit. Our goal is to provide an oasis for our clients that is relaxing, calming and luxurious in a professional, discreet and non-judgmental environment.” DaVinci is open Monday through Friday, 9 a.m. - 6 p.m. To schedule a complimentary consultation, learn how to eliminate unwanted fat without surgery or downtown, or to learn more about DaVinci, visit <a target="_blank" href="https://davincibody.com">https://davincibody.com</a> or call 713-609-1900.</p><p><strong>About DaVinci Body Sculpting</strong></p><p>DaVinci Body Sculpting was founded in 2018 by cosmetic surgeon and liposuction surgery specialist, John Bergeron M.D. and his wife Lori Lemon Bergeron, an accomplished and successful IT sales professional. DaVinci exclusively focuses on CoolSculpting® treatments using the latest in CoolSculpting® technology and performed by CoolSculpting® certified clinician. To learn more about DaVinci, visit <a target="_blank" href="https://davincibody.com">https://davincibody.com</a> or call 713-609-1900.</p> Lifestyle https://sinewswire.streetinsider.com/r/lifestyle/davinci-body-sculpting-exclusive-coolsculpting-only-spa-opens-houston-.549.html Wed, 30 May 2018 17:24:02 -0400 Comrad Introduces Stylish, Premium, and Affordable Compression Socks For Everyone https://sinewswire.streetinsider.com/r/lifestyle/comrad-introduces-stylish-premium-affordable-compression-socks-for-everyone.547.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> Los Angeles, CA – Health and wellness company, <strong>COMRAD</strong> launches three new styles to their collection of compression socks. Coming off a 1,400% increase in sales since inception, the brand embraces the latest 70’s trends including varsity stripes and bold logos.</p><p>“We’re so excited to introduce the spring collection inspired by 90’s style – the second collection since we launched last fall,” said COMRAD founder Andrew Ferenci. “Recently, we have sold out of 3 different styles, the response to our product has been incredible, and we look forward to bringing more options to our consumers in the coming months.”</p><p>As a busy entrepreneur, Comrad founder <strong>Andrew </strong><strong>Ferenci</strong> spent most of his time crisscrossing the country in cramped airplane seats or seated at his desk for long periods of time and suffered from tired and achy feet as a result. To prevent this, his physical therapist suggested he try compression socks for better circulation and overall health. He was only able to find unattractive and expensive medical compression socks or loud athletic styles - nothing he could see himself wearing every day. When he discovered the limited selection on the market, he knew he had to do something to disrupt the industry and thus Comrad was born.</p><p><strong>Benefits of Compression Socks:</strong></p><ul><li>Increase circulation to your legs and feet & prevent varicose veins</li><li>Prevent fatigue, aching, and swelling of the feet, ankles, and legs</li><li>Improve muscle recovery</li><li>Prevent blood clots or swelling during air travel</li></ul><p><strong>Best for People Who...</strong></p><ul><li>Travel long distances on airplanes</li><li>Stand for more than 5 hours a day</li><li>Are pregnant and/or expecting</li><li>Participate in high intensity training</li></ul><p><strong>SmartSilver Technology:</strong></p><ul><li>Natural antimicrobial properties eliminate odor, less washing, less bacteria, lasts up to 50 washes</li><li>Safe for human contact – hypoallergenic</li><li>Protects garment from deterioration</li><li>Silver ions provide maximum relief</li><li>Non-leaching</li></ul><p><strong>Comrad</strong><strong> socks have all the benefits of a medical-grade compression sock without the high price tag or unattractive style. The collection launched with 14 styles and retails for $18-$21/pair. </strong></p><p><u><strong>ADDITIONAL DETAILS </strong></u></p><p><strong>What are compression socks?</strong> By providing therapeutic pressure from the ankle to the knee, Comrad compression socks can help increase the circulation of freshly oxygenated blood back to your legs. Comrad uses <strong>True Graduated Compression™</strong> technology in every pair of companions. Using an ISO-certified circular knitting machine, our socks are engineered and lab-tested to insure 15-20mmHg of compression support.</p><p>For more information please visit <a target="_blank" href="http://www.comradsocks.com">www.comradsocks.com</a></p><p><strong>Media Contact: </strong></p><p>LJPR</p><p>Leah Jacobson</p><p>Email: <a target="_blank" href="mailto:leah@ljpublicrelations.com">leah@ljpublicrelations.com</a></p> Lifestyle https://sinewswire.streetinsider.com/r/lifestyle/comrad-introduces-stylish-premium-affordable-compression-socks-for-everyone.547.html Wed, 02 May 2018 07:05:00 -0400 Activist says shares of NTN Buzztime are undervalued, sends letter to Board of Directors https://sinewswire.streetinsider.com/r/business/activist-says-shares-of-ntn-buzztime-are-undervalued-sends-letter-board-of-directors.546.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> Shareholder turns activist on NTN Buzztime after the Company's inability to grow sales over the years. Investor, Sean Gordon, views the stock of NTN as undervalued, with the potential to be worth $25.00 - $50.00. In a letter to the Board of Directors, he requests himself to be nominated to the Board and for the Company to grant shareholders proxy access. The text of the email is set forth below (NYSE American: NTN):</p><p>NTN Buzztime Inc.</p><p>Dear Members of the Board:</p><p>I hold 8.63% of the common stock of NTN Buzztime, Inc. (the “Company”). I have also participated in an ongoing private dialogue with the Company’s management, including Board Chairman Jeff Berg and CEO Ram Krishnan, regarding the Company’s sales strategies and lack of sales execution to increase its net site count and net revenue growth. Although I have enjoyed these conversations and have appreciated the opportunity they afforded me to discuss sales ideas and suggestions, they unfortunately did not yield a change of management’s failed sales strategies and tactics. Instead, these discussions only validated why net site count growth and net revenue growth have been elusive to the Company for the past 10 years. While the Company’s track record speaks for itself, it has become clear that sales skills are not central to the core DNA of the Company or the Board of Directors, and as a result the Company has only been able to survive but not thrive with its current composition and mindset.</p><p>In particular, I am troubled by the Company’s relentless dependence on a single large customer, albeit a great legacy customer with strong organic growth of its own. In addition, on every earnings call there is a false narrative of potential new sales growth, to be driven by the Company’s latest & greatest marketing tactics and product releases – all of which haven’t cumulatively increased net site count or net revenue in approximately ten years (as of 12/31/07). In fact, the complete opposite has occurred over the past decade as the Company has suffered a 30% reduction in net site count, a 25% reduction in net revenue, has squandered $30 million in accumulated losses, and had its stock depreciate by 83% from $31.00 to $5.41 (as of 1/22/18) – all while the broader stock market continues to hit record highs. Finally, this has all occurred in spite of the growth of the Company’s largest customer, without which a more severe reduction in the Company’s net site count would reveal an even wider loss closer to 50%.</p><p>Clearly after a decade of losing its grip on its core gaming market and also moving too tepidly into adjacent markets (thus allowing competitors to materialize and in some instances build moats), it is time for visionary thinking, and most definitely, a Board that is acutely focused on improving sales execution. The days of the Company relying on 1) financial tricks such as reverse/forward stock splits, shareholder dilution, endless cost cutting; 2) marketing and sales tricks such as player partnerships that are de-minimis to net revenue & net site count growth, along with vague sales strategies as outlined in the Company’s disclosure filings & earnings calls; and 3) the endless excuses as to why sales ultimately never materialize – must finally come to an end. Thus, the time for corrective sales action is now.</p><p>In seeking to rectify the concerning issues outlined above, I propose two items be placed before shareholders to vote upon during the upcoming 2018 annual meeting of stockholders.</p><p>First, I nominate myself as a candidate for election to the Board of Directors of the Company at the upcoming 2018 annual meeting of stockholders. By leveraging my 20 years’ experience as a dedicated sales professional (see my biography on the next page), I would add a critical core competency that is currently lacking in the Board of Directors. Furthermore, I offer numerous complimentary skills such as strategic planning, business building, e-commerce, operations, and in-depth knowledge of the financial markets. Finally, I have been a stockholder in the Company for approximately nine years, have participated in the Company’s November 2016 registered direct offering, and have followed the Company along with its competitive landscape since 1991.</p><p>Please find my personal biography as follows: Sean Gordon was a Managing Director of Barclays Capital and the Head of U.S. Retail Sales for Alternative Investments from 2001-2013. In this capacity, he built the firm’s Retail Division from the ground up, turning a niche business into a market share leader. He increased product sales from $200 million to $5 billion+ by leveraging internal & external stakeholders including his clients, sales teams, product engineering, operations, accounting, legal, compliance, information technology, e-commerce, etc. From 1994-2001, he worked at UBS as Director of Retail Credit Sales, with one year as the U.S. Head of E-commerce to scale his unit’s sales model to the firm’s entire Fixed Income Division. From 1990-1994, he worked at Morgan Stanley in their Accounting Department. Sean Gordon holds a BA in Finance and an MBA in Management. Finally, Mr. Gordon has over 25 years of experience as a professional investor & is currently active in a portfolio of investments.</p><p>In summary, my background, experience, sales core, and keen interest in the Company have provided me with a strong understanding of the market the Company competes in, what it takes for the Company to succeed, and the skills & passion that are needed to help the Company and its stock thrive. Currently the Company’s stock trades at $5.41 (as of 1/22/18), yielding a market cap of $13.6mm, which is roughly 61% of its annual sales. In comparison, the average technology company trades at 3x or 300% of annual sales, which would equate to a stock price of approximately $26.61. Not to mention, if net revenue growth was targeted more aggressively than the 5% level the Board sets for executive bonus compensation (a low bar it can’t even reach), the stock could potentially move higher towards $50.00+.</p><p>Secondly, I propose for the Company to give shareholders direct access to the Company’s proxy materials. This would permit a single shareholder or group of up to 20 shareholders that hold more than 3% of the Company’s stock for more than 3 years to be eligible to nominate director candidates for up to 20% of the Company’s Board seats. This proposal would result in numerous benefits as follows:</p><p>- All shareholders would be afforded a more balanced & inclusive approach in the Company’s Board selection process.</p><p>- Direct proxy access would make it significantly easier (and less costly) to present shareholders with meaningful choices regarding board composition.</p><p>- A shareholder activist trend is developing; therefore, voluntarily adopting proxy access bylaws to avoid a public relations backlash and preempt activists can in turn conserve company resources (i.e., time, money, management resources).</p><p>- It would be easier (and less political) for Boards to replace underperforming directors, as directors are increasingly expressing dissatisfaction with their fellow directors.</p><p>- The leading proxy advisory firms ISS and Glass Lewis staunchly support proxy access.</p><p>As a long-term shareholder, I am committed to my investment in the Company. As such, I strongly believe it is time to take urgent action to address the Company’s sales-related challenges. A commitment from the Board to pursue an accelerated path towards increasing net site count, material net revenue growth (outside of its largest customer), and a laser focus on efficient sales execution is urgently needed.</p><p>I look forward to the Board’s prompt consideration of my proposals to nominate myself as a candidate for election to the Board of Directors of the Company and to grant greater access for shareholder-proposed director nominees via proxy access. I believe the approval of both proposals will reward shareholders with the opportunity for significant value creation.</p><p>Sincerely,</p><p>Sean Gordon (contact email: srg4investing@gmail.com)</p><p>SEC 13D Filing: <a target="_blank" href="https://www.sec.gov/Archives/edgar/data/748592/000147793218000647/ntn_sc13d.htm">https://www.sec.gov/Archives/edgar/data/748592/000147793218000647/ntn_sc13d.htm</a></p> Business https://sinewswire.streetinsider.com/r/business/activist-says-shares-of-ntn-buzztime-are-undervalued-sends-letter-board-of-directors.546.html Mon, 12 Feb 2018 09:45:04 -0500 EdCoin Announces Initial Coin Offering (ICO) https://sinewswire.streetinsider.com/r/technology/edcoin-announces-initial-coin-offering-ico.545.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> MONCTON, NB – Cryptocurrencies are in the limelight of the mainstream public, thanks to the recent rise of Bitcoin. The value of investing in cryptocurrencies is undeniable, but more than that, they have the power to fuel innovative ideas and reforms in various fields.</p><p>EdCoin aims to modernize school systems around the world by making computer science education accessible to every student. The demand for ICT professionals increases in proportion to our ever-growing reliance on technology, yet there is a digital skills gap between graduates and employers.</p><p>By implementing a comprehensive computer science curriculum for Grades K-12, EdCoin would enable students to graduate high school with the equivalent of a computer science degree. Furthermore, EdCoin requires zero teacher training to make this possible.</p><p>To undertake this ambitious goal, EdCoin is calling on the cryptocurrency community by announcing its Initial Coin Offering (ICO) of EDX tokens.</p><p>A minimum investment of 1000 tokens (120 USD or 0.1 ETH as of January 2018) per sponsor will cover the cost of providing 1 student with free access to the EdCoin Platform for 1 year. Parents who invest will receive 10% more tokens if they purchase 25,000 tokens and 5% more for 15,000 tokens. These tokens can be used to fund fees at post-secondary institutions for their children in the future.</p><p>EdCoin will issue 336.6 million tokens during the ICO, which is 57% of a total of 660 million tokens. Early birds will receive 30% extra tokens on top of their purchase. Invite a friend and each of you will receive 10% more tokens.</p><p>Key Dates:</p><p>15 January 2018: Early-Bird Pre-Sale (30% bonus tokens) 22 January 2018: Public Pre-Sale (20% bonus tokens) 29 January 2018: Token Sale Starts (10% bonus tokens) 5 February 2018: Token Sale Ends (5% bonus tokens)</p><p>About EdCoin</p><p>EdCoin is a software company that leverages blockchain technology to effectively and efficiently implement computer science education in every school around the world. Website: edcoinx.io Address: 3001-100 Cameron Street, Moncton, NB, E1C 5Y6, Canada Phone: 1-866-842-2575 Email: <a target="_blank" href="mailto:sales@edcoinx.io">sales@edcoinx.io</a></p> Technology https://sinewswire.streetinsider.com/r/technology/edcoin-announces-initial-coin-offering-ico.545.html Mon, 15 Jan 2018 12:45:00 -0500 VantagePoint Software Now Forecasting Bitcoin and other Cryptocurrencies utilizing Patented A.I. Technology https://sinewswire.streetinsider.com/r/investments/vantagepoint-software-now-forecasting-bitcoin-other-cryptocurrencies-utilizing-patented-ai-technology.544.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> Wesley Chapel, Fla. – VantagePoint Software using patented Artificial Intelligence technology to predict stock market trends and trend changes made the official announcement today that traders can now use the software to forecast Cryptocurrencies.</p><p>As a result of the recent growth in popularity of Cryptocurrencies and the outpouring of requests from current VantagePoint Software users, the VantagePoint R&D team began focusing on adapting the Artificial Intelligence forecasting technology for Cryptocurrencies. Since 1991 VantagePoint has been able to consistently achieve over 80% accuracy in stocks and commodities due to the deep learning neural network technology that has been developed and refined over the past three decades (more information about the use of Artificial Intelligence can be found at <a target="_blank" href="http://www.VantagepointSoftware.com">www.VantagepointSoftware.com</a>).</p><p>After considerable time spent testing and adapting the artificial intelligence to Cryptocurrency data VantagePoint Software has now been forecasting for Bitcoin, Litecoin and Ethereum for some time with the high level of accuracy and consistency that VantagePoint has been known to deliver for stock and commodity traders. But now that Cryptocurrencies are being regulated, the software company has decided to make these forecasts accessible through the VantagePoint software. Regulation was the key to release these forecasts because the family-owned software company wanted to ensure legitimacy before releasing it to traders. “Here at VantagePoint we bring real, tangible opportunities that have been vetted and tested with Artificial Intelligence to traders and investors We are not interested in chasing fads and forecasting financial instruments because of what’s popular. We have criteria for what we forecast for and Cryptocurrencies meet the criteria.” said Lane Mendelsohn, Vice President of VantagePoint Software.</p><p>It’s no secret that Cryptocurrencies are at an all-time high, and the profit potential is huge. VantagePoint’s forecasting indicated earlier this year that these increases were imminent and while many still doubted the potential. Since the VantagePoint forecast Bitcoin has gone up 330%, Litecoin has gone up 467% and Ethereum has gone up 109%. Due to the volatility of the markets, Cryptocurrencies can gain and lose value day over day. With VantagePoint, traders have the upper hand as they are equipped with the ability to forecast the trend direction and predict the next day’s highs and lows before they happen. Even for those who are investing in these crypto currencies as opposed to trading need insight ahead of time as to when these crypto currencies may pull back and may be setting up to crash and knowing this information ahead of time with a high degree of accuracy is paramount.</p><p>It is uncertain what will happen over time for the virtual currency markets, but it does appear that there will be some dramatic movements in the Cryptocurrency market in 2018. Although it is not possible to predict these movements for the upcoming year, traders can get ahead of the curve when they utilize VantagePoint’s proprietary Artificial Intelligence capabilities to predict the market strength and direction of the most popular Cryptocurrencies 1-3 days in advance with up to 86% accuracy.</p><p>For more information about VantagePoint, visit. <a target="_blank" href="http://www.vantagepointsoftware.com">www.vantagepointsoftware.com</a></p><p><strong>About VantagePoint:</strong></p><p>Founded by Louis B. Mendelsohn in 1979, VantagePoint Software Technologies is an Inc. 500 company headquartered in the Tampa Bay area. It is the recognized global leader in market trend forecasting with customers in well over a hundred countries worldwide. VantagePoint Software Technologies develops proprietary trend forecasting and market timing technologies that utilize artificial intelligence and intermarket analysis to forecast commodity and financial markets throughout the world. These include, but are not limited to, stocks, stock indices, ETFs, energies, interest rates, currencies, metals, grains, meats, softs, and Forex, all covering more than 26</p> Investments https://sinewswire.streetinsider.com/r/investments/vantagepoint-software-now-forecasting-bitcoin-other-cryptocurrencies-utilizing-patented-ai-technology.544.html Wed, 13 Dec 2017 10:40:22 -0500 Putting a stop to the binary options scam https://sinewswire.streetinsider.com/r/business/putting-a-stop-the-binary-options-scam.543.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> In less than 10 years the binary options industry has gone from a concept, to a business opportunity, to an industry, to a multibillion dollar global crime wave. Now the authorities in the countries where these unregulated binary operations function, including Israel, United Kingdom and Canada, have set down new laws in the hope that this will put a stop to a criminal operation that is out of control.</p><p>Unfortunately, in reality, the binary scammers are closing their operations in the aforementioned countries and moving to a jurisdiction where the regulators either don’t care or haven’t the regulation to stop them. There are currently successful individuals and companies <a target="_blank" href="https://wealthrecoveryint.com/news/">fighting on behalf of binary options victims</a> to recover their money.</p><p><strong>Binary Options in 2018 </strong></p><p>Having been outlawed in their major countries of operation, the people behind the binary options scam are moving to alternative jurisdictions that allow them to continue. The first phase of this move began a couple years ago as the combination of low wages and no regulation made countries like Ukraine or Bulgaria very attractive. The official outlawing will lead to a mass exodus as it becomes impossible and illegal to continue operating from Israel, UK, US or Canada. Many of these companies are now pivoting their operation, promoting CFD stocks and cryptocurrencies as the “new investment tool to make you a fortune from a $250 investment”.</p><p>Recently, Spot Option – the number one platform provider for binary options companies declared <a target="_blank" href="https://www.financemagnates.com/binary-options/exclusive-israeli-regulations-lead-spotoption-halting-binary-activity/">that they will be ceasing any and all binary options trading</a> and focusing solely on CFDs and cryptocurrencies. The fear amongst consumers and regulators is that this is the same scam wrapped up in a different package. Only time will tell, but Spot Option were one of the first to move out of Israel, setting the trend for 2018.</p><p><strong>Bad investment vs. Fraud</strong></p><p>One of the crucial aspects of the binary options scam is the client realizing that they have been a victim of fraud, not that they were unlucky in their investment. The difference is huge and those behind binary options fraud are desperate to keep their victims in the dark.</p><p>If you are the victim of an ill-advised investment, it is an unfortunate situation, but not necessarily illegal. Being the victim of fraud is something else entirely. The perpetrators of the fraud are acting illegally and can face prison for their actions. This is the current situation with the CEO of an unregulated binary options brand who was arrested recently by the Federal Bureau of Investigation (FBI). In the affidavit of the arrest, it insinuates to the platform providers being implicit in the fraud operation, increasing or decreasing the “risk” of investment in order to build up and then clear out the client’s funds.</p><p><strong>Can the victims get their money back? </strong></p><p>Yes.</p><p>If you have been the victim of an unregulated binary options scam then you are 100% eligible according to the law to recover what was stolen from you. With the right approach and evidence of the fraud you were a victim of, you can recover your money. Those behind the binary options scam want to sell the idea that what happened to you was an ‘unfortunate investment’ when in reality what happened to you was theft via elaborate means.</p><p>If you were the victim or know a family member or friend who was a victim of binary options fraud, you should speak to a financial fraud expert - it is not too late to recover your money.</p><p>Update* - There have been complaints and reports from victims of the binary options scam being approached by fraudulent recovery companies. This is where, in a desperate attempt to avoid paying back these individuals, binary options scam companies <a target="_blank" href="https://wealthrecoveryint.com/global-recovery/">will pose as recovery companies</a> when in fact it is at best a stall tactic, and at worst, another scam.</p> Business https://sinewswire.streetinsider.com/r/business/putting-a-stop-the-binary-options-scam.543.html Wed, 06 Dec 2017 12:56:49 -0500 Needham & Company, LLC to Host Security & Networking Conference on November 14, 2017 https://sinewswire.streetinsider.com/r/investments/needham-company-llc-host-security-networking-conference-on-november-14-2017.542.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> New York, NY -- Needham & Company, LLC will host its annual Networking & Security Conference at the Millennium Broadway Hotel in New York City on November 14, 2017. The conference will include many leading companies in the networking, security and optical sectors.</p><p>The Needham Networking & Security conference offers a day of focused discussion on trends driving these markets and the companies providing these technologies. Disruption, Consolidation, Converged, Hyperconverged, Software- Defined-2017 has been dominated by all of these terms, with the next-generation datacenter at the center of some of the most dramatic events in IT this year.</p><p>The 2017 edition of our Networking & Security conference will include some of the leading companies ushering in this upheaval in the markets, offering institutional investors and venture capitalists thoughtful and timely insights they have come to expect from the event. There will be strong representation from optical players benefiting from the current "Supercycle," and from scaled out Data Center and Security players, addressing the themes of Data Center Interconnect, Security Platform versus best in breed, internal versus perimeter defense, software defined networking (SDN) and network function virtualization (NFV). Finally, on the service front, cloud-based service providers in the UCaaS and CPaaS spaces will be included in Needham’s Networking & Security Conference.</p><p>The conference will feature presentations and “fireside chats” from companies in each sector. One-on-one meetings will also be available to qualified investors. The Needham Networking & Security Conference is open to clients of Needham & Company, LLC by invitation only. For more information, please call (212) 371-8300 or visit <a target="_blank" href="http://www.needhamco.com">www.needhamco.com</a>.</p><p><strong>About Needham & Company, LLC</strong></p><p>Needham & Company, LLC, a wholly owned subsidiary of The Needham Group, Inc., is a privately held, full-service investment bank that has focused exclusively on growth companies since its founding 32 years ago. It provides its clients with the resources to achieve their financing and strategic objectives. The Firm has capital raising expertise in IPOs, follow-on public equity offerings, confidentially marketed equity offerings, private placements, mergers and acquisitions, and corporate and venture services (including share repurchases). In addition to investment banking, Needham & Company LLC’s activities include institutional sales and trading, and asset management. To serve its institutional clients, Needham & Company, LLC produces comprehensive equity research on more than 330 companies in communications and enterprise infrastructure; healthcare; industrial technology; Internet, entertainment and consumer; semiconductors and semiconductor equipment; and software and services; and makes a market in over 600 stocks. The Firm is headquartered in New York City with offices in Boston, MA; Chicago, IL; Menlo Park, CA; and San Francisco, CA. Needham & Company, LLC is a member of FINRA & SIPC. For more information, please visit www.needhamco.com.</p><p><strong>Media Contact</strong></p><p>Tucker Hewes<br />Hewes Communications, Inc.<br />(212) 207-9451<br /><a target="_blank" href="mailto:tucker@hewescomm.com">tucker@hewescomm.com</a></p> Investments https://sinewswire.streetinsider.com/r/investments/needham-company-llc-host-security-networking-conference-on-november-14-2017.542.html Mon, 13 Nov 2017 17:21:01 -0500 Needham & Company, LLC to Host Seventh Annual SaaS 1x1 Conference on November 16, 2017 https://sinewswire.streetinsider.com/r/investments/needham-company-llc-host-seventh-annual-saas-1x1-conference-on-november-16-2017.541.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> New York, NY – Needham & Company, LLC will host its Seventh Annual SaaS 1x1 Conference in San Francisco on November 16, 2017. This day-long event provides a unique opportunity to take the pulse of key decision makers of leading, fast-growing SaaS companies, and assess future growth opportunities and challenges.</p><p>The conference consists of 1x1 meetings with management teams for qualified institutional investors, and will serve those investors interested in looking to explore and discuss one of the most compelling secular trends in technology: the rise of SaaS and cloud computing. The conference will be hosted by our Software & Services analyst, Scott Berg.</p><p>The Seventh Annual Needham SaaS 1x1 Conference is open to clients of Needham & Company, LLC by invitation only. One-on-one meetings will be available to qualified investors only. For more information, please call (212) 371-8300 or visit <a target="_blank" href="http://www.needhamco.com">www.needhamco.com</a>.</p><p><strong>About Needham & Company, LLC</strong></p><p>Needham & Company, LLC, a wholly owned subsidiary of The Needham Group, Inc., is a privately held, full-service investment bank that has focused exclusively on growth companies since its founding 32 years ago. It provides its clients with the resources to achieve their financing and strategic objectives. The Firm has capital raising expertise in IPOs, follow-on public equity offerings, confidentially marketed equity offerings, private placements, mergers and acquisitions, and corporate and venture services (including share repurchases). In addition to investment banking, Needham & Company LLC’s activities include institutional sales and trading, and asset management. To serve its institutional clients, Needham & Company, LLC produces comprehensive equity research on more than 330 companies in communications and enterprise infrastructure; healthcare; industrial technology; Internet, entertainment and consumer; semiconductors and semiconductor equipment; and software and services; and makes a market in over 600 stocks. The Firm is headquartered in New York City with offices in Boston, MA; Chicago, IL; Menlo Park, CA; and San Francisco, CA. Needham & Company, LLC is a member of FINRA & SIPC. For more information, please visit <a target="_blank" href="http://www.needhamco.com">www.needhamco.com</a>.</p><p><strong>Media Contact</strong></p><p>Tucker Hewes<br />Hewes Communications, Inc.<br />(212) 207-9451<br /><a target="_blank" href="mailto:tucker@hewescomm.com">tucker@hewescomm.com</a></p> Investments https://sinewswire.streetinsider.com/r/investments/needham-company-llc-host-seventh-annual-saas-1x1-conference-on-november-16-2017.541.html Mon, 13 Nov 2017 17:18:15 -0500 Outback Vision Protocol Review: Bill Campbell's Program Analyzed https://sinewswire.streetinsider.com/r/health/outback-vision-protocol-review-bill-campbells-program-analyzed.540.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> Outback Vision Protocol contains the fast start guide and the twenty-one days main protocol, in which, people will discover the most effective smoothie recipes proven to produce the best results. It's author, Bill Campbell, claims that his recipes contained in this guide will help people encountering vision loss, cataracts, corneal visual impairment, near and farsightedness and other eye conditions, to reverse their eye-related conditions.</p><p>This online product presentation covers information and a story regarding Bill Campbell's family and how his wife almost lost his vision. In the end, the author reveals how he finally helped his wife restore her eyesight near to 20/20 perfection using only natural strategies and smoothies. Furthermore, due to these facts, the 35 eye care billion industry is scared and is trying to shut him down. Individuals may watch this presentation on the official Outback Pain Protocol webpage.</p><p>More than 51 thousand people have used outback Vision Protocol until now, and so far, the results claimed by followers are, from small to excellent improvements regarding their eyesight. Bill Campbell's ancient aboriginal smoothies diet seems to be very helpful in treating different vision loss conditions, which may appear while aging.</p><p><strong><a target="_blank" href="http://healthtogheter.com/outback-vision-protocol/">Having vision problems now? Here is how to improve the vision using a simple smoothie diet.</a></strong></p><p>Bill Campbell claims that by following his smoothie diet, his wife who suffered from macular degeneration, like other individuals who suffered from different related eye conditions, after followed his diet, noticed good improvements in 30 days or less, depending on eye condition's severity. Bill says that his wife, after following the recipes, on the 5th days noticed a slight improvement. Furthermore, from the 9th day, she began to see medium enhancements regarding her vision. Also, between 17th-20th days she started to read the last rows from the eye chart tests. Following that, Bill Campbell began a trial with 127 individuals, and he claims that more than 90% of participants attained 20/20 vision.</p><p>Many people until 30 years old don't have any vision problems. But as they are aging, issues start appearing to one or even both eyes same time. For example, inside this guide, to deal with these situations, they will find different smoothie recipes, the exact amounts, and how to prepare and when to take them. Another example, after they bought Outback Vision Protocol, inside the client area, people discuss their different eye conditions, how they deal with them and if this guide helped them or not. To see their advancement or not, the main program also contains complete eye charts and some easy to make vision tests.</p><p>Bill Campbell reveals that "Outback Vision Protocol" is a program that is backed up by his real-life story and several studies conducted by professor Hugh Taylor from the University of Melbourne's Indigenous Health unit, studies which show Aboriginal people have the best vision in the world. These studies show that foods like spinach or eggs contain zeaxanthin and lutein which help in the prevention of vision loss. Moreover, another study published in the British Journal of Nutrition showed that the risk to develop cataract was reduced by more than 40% on elderly Finish people due to high amounts of lutein and zeaxanthin found in the food eaten during life. Furthermore, another study conducted by AREDS show that people who eat these two nutrients reduce the risk to lose their vision by 18%.</p><p><strong><a target="_blank" href="http://healthtogheter.com/outback-vision-protocol/">Read More: How to Stop Vision Loss with zeaxanthin and lutein</a></strong></p><p>For a bright eye vision, several types of research advice is to follow a vision-ary diet like Outback Vision Protocol. Eat foods rich in zinc and copper, E, A, C vitamins. Blueberries, grapes are rich in anthocyanin and have anti-inflammatory and antioxidant properties which may also boost eye health. Other healthy antioxidants for peoples eyes may be found in carrots, yellow pepper, sweet potatoes or pumpkin. Furthermore, salmon, cod, and sardines contain DHA, a fatty acid which may improve peoples vision. Because onions, capers or garlic are rich in lecithin, sulfur, and cysteine, people eating these foods have a lower risk of developing cataract. Moreover, people can buy supplements containing these "ingredients."</p><p>Join a group of people having the same condition as soon as possible. People may find this kind of clubs in their hometown area or online in social media platforms or forums. By speaking with different people having the same eye care problems, will help to find the best ophthalmologist from your hometown. Also, people may find other alternative and natural ways to get rid of your issues.</p><p>The main strong point of Outback Vision Protocol is that people don't have to starve or change their diets. They can add the smoothies to their meals or, if the calories intake is too high, replace a part or the entire meal with these smoothies. All the ingredients may be bought from a local supermarket or grocery store. Moreover, Outback Vision Protocol comes with some bonuses including Home Eye Test Kit and The Binaural Beats Audio Series. In the end, it is delivered digitally and comes with a full money back guarantee, meaning that if anyone isn't satisfied by this protocol, they can request a full refund to get all their penny spend on it.</p><p>For Consumer Protection, buy the Aboriginal diet for vision loss and take advantage of the limited time discount only from the official website listed below.</p><p><a target="_blank" href="http://healthtogheter.com/outback-vision-protocol/">Outback Vision Protocol Official Website</a></p> Health https://sinewswire.streetinsider.com/r/health/outback-vision-protocol-review-bill-campbells-program-analyzed.540.html Tue, 07 Nov 2017 13:07:46 -0500 Heng Ren: China Automotive (NASDAQ: CAAS) Bid 47% Below Book Value https://sinewswire.streetinsider.com/r/investments/heng-ren-china-automotive-nasdaq-caas-bid-47-below-book-value.539.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> BOSTON, Massachusetts -- A Chairman’s proposal to buy out shareholders of China Automotive Systems (NASDAQ: CAAS) at a price 47% below its book value – virtually unprecedented in a management buyout – needs to be at least doubled to fairly compensate patient shareholders.</p><p>"CAAS Chairman Hanlin Chen’s buyout offer is woefully inadequate, unrealistically pessimistic about CAAS' outlook, and defies logic," stated Peter Halesworth, Managing Partner of Heng Ren Partners LLC and a CAAS shareholder, who wrote a letter to CAAS' Special Committee challenging the bid price. "Paying half of what patient shareholders deserve - after years of sacrificing cash returns so CAAS could invest and expand into a market leader - is the ultimate betrayal. It gives Chinese companies a bad name with U.S. investors."</p><p>CAAS is China’s leading domestic producer of power steering components, the world’s largest automobile market by sales. CAAS achieved this by investing more than $259 million of shareholder cash during its 13 years as a public company in U.S. stock markets, which now has a market capitalization of $167 million.</p><p>Patient shareholders who have sacrificed short-term cash returns for a long-term payoff of growth, dividends and stock value appreciation are now being abruptly squeezed out – fed a lowball bid by the Chairman less than half of CAAS’ fair value.</p><p>"The value of CAAS is plain to see," Halesworth stated. "If the Special Committee appointed by the Board to evaluate the bid, and their legal (Kirkland & Ellis) and financial advisors (Houlihan Lokey) are rubber-stamping "yes men," they are willfully blind and risking their professional reputations for this flawed proposed transaction."</p><p>To justify Chairman Chen's lowball $5.45 per share offer, CAAS' revenue growth would need to sharply decelerate by 2/3s, its net margins collapse by nearly half, and it would lose money in the rest of 2017.</p><p>In fact in the first half of 2017, CAAS' revenue growth rate accelerated, margins expanded, and profitability significantly improved.</p><p>"The proposed lowball bid bizarrely forecasts a calamity," Halesworth said. "This is unrealistically pessimistic. It defies logic. CAAS also warned of tragedy in 2016 with a recall that ended up being a relatively minor, and short-lived, loss."</p><p>Halesworth predicted Chairman Chen’s lowball bid would be challenged by litigants seeking fair value in the Chancery Court of Delaware.</p><p>"If the Special Committee, aided by Kirkland and Houlihan, close their eyes to the facts and rubber stamp this transaction, rational shareholders won’t stand by and allow this to proceed unhindered," Halesworth stated. "The real calamity is the lowball bid denying shareholders hundreds of millions of dollars in value they deserve to be compensated fairly and approve this buyout."</p><p>Please see the links to the October 10 letter to CAAS’ Special Committee in English and Chinese:</p><p><a target="_blank" href="http://www.hengreninvestment.com/images/documents/CAAS_Letter_October_10_2017-English.pdf">http://www.hengreninvestment.com/images/documents/CAAS_Letter_October_10_2017-English.pdf</a></p><p><a target="_blank" href="http://www.hengreninvestment.com/images/documents/CAAS_Letter_October_10_2017-Chinese.pdf">http://www.hengreninvestment.com/images/documents/CAAS_Letter_October_10_2017-Chinese.pdf</a></p><p>***** END *****</p><p>Contact:</p><p>Peter Halesworth<br />Managing Partner<br />Heng Ren Partners LLC<br /><a target="_blank" href="mailto:phalesworth@hengreninvestment.com">phalesworth@hengreninvestment.com</a></p> Investments https://sinewswire.streetinsider.com/r/investments/heng-ren-china-automotive-nasdaq-caas-bid-47-below-book-value.539.html Tue, 10 Oct 2017 14:10:00 -0400 Heng Ren Questions Jumei's (NYSE: JMEI) Increasingly Erratic Use of Shareholders' Cash https://sinewswire.streetinsider.com/r/investments/heng-ren-questions-jumeis-nyse-jmei-increasingly-erratic-use-of-shareholders-cash-.538.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> This is the English version of a letter we sent to Jumei International Holding’s (NYSE: JMEI) Board of Directors regarding information about their new online lending business, and their increasingly erratic use of shareholders’ cash.</p><p>September 24, 2017</p><p>To Chairman Leo Ou Chen and the Board of Directors of Jumei International Holding,</p><p>This letter is regarding the recent development that Jumei (NYSE: JMEI) has launched an online lending business. Jumei launched this without any notification or disclosure to shareholders about a change in business.</p><p>As a Jumei shareholder we view this development with surprise and disappointment. Jumei is making another costly, questionable, cash-intensive investment in a non-core, high-risk business that could be a waste of shareholders’ money.</p><p>Our concern is heightened by the fact that Jumei has not yet disclosed any information at all about its financial condition in 2017 to shareholders or U.S. regulators.</p><p>Also, a $7.00 per share buyout offer proposed in February 2016 by Chairman Chen, Jumei co-founder Yusen Dai, and Sequoia Capital China, a venture capital firm founded and led by Managing Partner Neil Shen, has gone dark for 19 months. Jumei’s stock now trades at $3.05.</p><p>Obviously all this is causing significant uncertainty among investors with $489 million in market value destroyed for Jumei shareholders since the bid.</p><p>Here is a link to the Chinese version of the letter: <a target="_blank" href="http://www.hengreninvestment.com/images/documents/Heng_Ren_Letter_to_Jumei_on_Lending_September_24_2017-Chinese.pdf">CLICK HERE</a></p><p>Since Jumei and its Board of Directors and Executive Officers –</p><p>Leo Ou Chen – Chairman and CEO Sean Shao – Director Zhenquan Ren – Director Mang Su – Director Adam J. Zhao – Director Huipu Lu – Senior VP Yunsheng Zheng - CFO</p><p>- have never officially disclosed to shareholders any information about Jumei’s new online lending business, we have some fundamental questions to ask on behalf of our investors and other Jumei shareholders:</p><p>- Does Jumei have a license to make online loans in China?</p><p>- What is the source of the funds for these Jumei loans to online borrowers? Is it cash from our balance sheet, i.e. shareholders’ money?</p><p>- What is the total amount loaned? How many Jumei loans have been made?</p><p>- Please describe Jumei’s risk management system and the credit analysis to evaluate loan applications.</p><p>- What percentage of the loan applications are declined by Jumei?</p><p>- What is the APR (annual percentage rate) charged for Jumei loans?</p><p>- What are borrowers using the Jumei loans for?</p><p>- Describe the payment process for borrowers of Jumei loans.</p><p>- What is the term and size of the Jumei loans?</p><p>- Are the Jumei loans secured by borrower assets? Or are they unsecured?</p><p>- If borrowers default what is Jumei’s process to collect the debt?</p><p>- What is the Jumei loan delinquency rate, or loan default rate?</p><p>- Describe how the defaulted loans are paid for by Jumei?</p><p>- What are the key performance indicators for the online lending business, and what is the benefit to shareholders of Jumei?</p><p>- As Jumei has not disclosed a financial statement with balance sheet beyond December 31, 2016 – more than nine months ago – what is Jumei’s current net cash position? Total assets?</p><p>As of the latest financial statement of December 31, 2016, Jumei was reportedly a cash-rich company awash in liquidity. Jumei reported more than $331 million in cash plus $101 million in short-term investments, a total of $432 million in net liquid assets, nearly equal to the company’s stock market value of $445 million.</p><p>This cash appears to be burning a hole in management’s pockets. We are concerned about Jumei’s increasingly erratic and unpredictable spending of shareholders’ cash. This year shareholders have already been surprised and disappointed by a $44.8 million investment of our cash in Jiedian, a start up phone battery power bank, and another $14.3 million on a television drama in China, “Here to Heart.”</p><p>These investments stretch far outside Jumei’s core business of online retail of beauty products. On its corporate website Jumei promotes itself to U.S. investors as “China’s No. 1 online retailer of beauty products.” Online shopping in China is booming. It is difficult for shareholders to comprehend why Jumei is spending shareholders’ cash on a phone battery charger start up, a television show, and now, a provider of high-risk loans? Why not invest in the core business to sustain and grow Jumei’s stated top position in online retail for beauty products?</p><p>The online lending business in China is difficult. Many lenders have failed because of bad loans. What expertise does Jumei have to prevent an expensive failure for shareholders?</p><p>As a shareholder of Jumei we demand that management immediately submit a Form 6-K to the U.S. Securities and Exchange Commission (SEC), as done with the investments in Jiedian and the television drama, to disclose to all shareholders this sudden and unannounced change in business.</p><p>If this SEC filing is not done, or Jumei’s business plan is unavailable, insufficient, and does not win the trust and confidence of shareholders, Heng Ren would demand that Jumei’s Board close this expensive foray into a high-risk business like online lending before it wastes a significant amount of shareholders’ cash.</p><p>Sincerely,</p><p>Peter Halesworth<br />Managing Partner<br />Heng Ren Partners LLC<br />Boston, Massachusetts USA</p> Investments https://sinewswire.streetinsider.com/r/investments/heng-ren-questions-jumeis-nyse-jmei-increasingly-erratic-use-of-shareholders-cash-.538.html Mon, 25 Sep 2017 07:55:00 -0400 "Zombie Buyout" iKang (NASDAQ: KANG) Blocks Investor Seeking Answers https://sinewswire.streetinsider.com/r/investments/zombie-buyout-ikang-nasdaq-kang-blocks-investor-seeking-answers.537.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> BOSTON, Massachusetts (September 18, 2017) -- A shareholder was blocked Friday from an iKang Healthcare Group’s (NASDAQ: KANG) quarterly earnings conference call when trying to ask questions about a longer than two-year buyout process that has resulted in hundreds of millions of dollars in market value destroyed for iKang’s shareholders.</p><p>“We and other shareholders harmed by this buyout debacle won’t be silenced by iKang’s leadership,” said Peter Halesworth, Managing Partner of Heng Ren Partners LLC. “iKang's paranoia about shareholders asking entirely appropriate questions about why iKang’s Board and management has stood by and allowed, on their watch, hundreds of millions of dollars in market value to be destroyed for shareholders during a longer than two-year buyout process, is stark proof that iKang cannot defend the indefensible.”</p><p>On Friday, September 15, 2017 Heng Ren dialed in to iKang’s FY171Q earnings call and was told by the call center, after registering by name to attend, that Heng Ren was not on the list of "invited" participants. Despite no mention of this "invitation-only" restriction in iKang’s widely distributed press release, Heng Ren was blocked from the call. The call center later confirmed there was no “invitation- only” restriction for iKang’s conference call.</p><p>iKang’s U.S. Investor Relations contact and public relations consultant is FleishmanHillard.</p><p>“This hostile reaction fits a pattern of behavior by iKang,” Halesworth wrote in a letter today to iKang’s Board of Directors. “It is very similar to iKang’s reaction to Meinian Onehealth’s proposed buyout, when Meinian was bidding $25.00 per share. As of Friday iKang’s stock price was at $13.68.”</p><p>Heng Ren has published letters outlining how iKang has missed an opportunity to negotiate a sale to Meinian, who bid $25.00 a share in January 2016. Instead iKang reacted with hostility by launching legal and regulatory complaints against Meinian, the highest bidder.</p><p>A “white knight,” Jack Ma’s private equity firm Yunfeng Capital, which was co-founded by the Alibaba Group (NYSE: BABA) chairman, announced a bid of $20.00-$25.00 per share in June 2016. However, with no update on the status of Jack Ma\'s Yunfeng bid since it was announced more than 14 months, iKang’s stock has dropped $507 million in value with the overhang of uncertainty about the status of Yunfeng's bid.</p><p>“Trying to silence Heng Ren through sabotage, instead of trying to win a battle of ideas in a merit-based free market, shows weakness on iKang’s part,” Halesworth wrote. “One would believe a Harvard University graduate like iKang Chairman Ligang Zhang would know better.”</p><p>Heng Ren has asked for a public apology from iKang and a vow to never do this again to another shareholder.</p><p>“Retaliation by public companies against investors seeking answers and solutions for problems is viewed very negatively by U.S. lawmakers, regulators, stock exchanges, and courts,” Halesworth added.</p><p>Here are the links to the letters to iKang’s Board in English and Chinese:</p><p><a target="_blank" href="http://www.hengreninvestment.com/images/documents/Letter_to_KANG_Board_of_Directors_September_18_2017-English.pdf">English version letter</a></p><p><a target="_blank" href="http://www.hengreninvestment.com/images/documents/Letter_to_KANG_Board_of_Directors_September_18_2017-Chinese.pdf">Chinese version letter</a></p><p>Contact:</p><p>Peter Halesworth<br />Heng Ren<br />Telephone 917 439 7369<br /><a target="_blank" href="mailto:phalesworth@hengreninvestment.com">phalesworth@hengreninvestment.com</a></p> Investments https://sinewswire.streetinsider.com/r/investments/zombie-buyout-ikang-nasdaq-kang-blocks-investor-seeking-answers.537.html Mon, 18 Sep 2017 13:40:00 -0400 iKang's Stock Wallows -42% Below Bid Rejected by Insiders https://sinewswire.streetinsider.com/r/investments/ikangs-stock-wallows-42-below-bid-rejected-by-insiders-.536.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> Please read below a reply sent by email by iKang Healthcare Group (NASDAQ: KANG) in response to Heng Ren’s open letter* on August 29, 2017:</p><p><img alt="" style="width: 600px; height: 243px;" src="/images/ckuploads/img/2017/09/13/KANGletter.png" /></p><p>See Heng Ren’s previous open letter <a target="_blank" href="http://www.hengreninvestment.com/images/documents/Heng_Ren_Partners_Letter_iKang_August_30 _2017-English.pdf">here</a></p><p>This is Heng Ren’s reply to iKang’s email:</p><p>iKang’s assertion that it is “focusing on increasing shareholders’ value” is undermined by its performance since Chairman Ligang Zhang’s privatization bid of more than two years ago.</p><p>The stock price chart on the following page tells the story of why confidence is lost in iKang:</p><p><img alt="" style="width: 600px; height: 343px;" src="/images/ckuploads/img/2017/09/13/kangCHART1.png" /></p><p>If iKang was “focusing on increasing shareholders’ value” there would have been serious consideration of the bids from Meinian OneHealth (SHENZHEN: 002044) for $22.00, then sweetened to $25.00 per share 21 months ago, beating Chairman Zhang’s lower bid (see in chart E-1 for “Error 1”).</p><p>Instead, iKang reacted with hostility to Meinian’s premium bid, which was 24% greater than Chairman Zhang’s bid. Just two days after Meinian’s $22.00 offer, iKang’s Board adopted a “poison pill” to thwart Meinian (see E-2 on chart).</p><p>Four months later Chairman Zhang announced an alleged violation (see E-3) of anti-monopoly laws by Meinian in its acquisition of CiMing Health Checkup Management Group (which the government ruled was a minor procedural oversight), and six months later filed a lawsuit against Meinian for alleged intellectual property rights infringement - which Meinian recently stated it is confident will be dismissed. (see E-4).</p><p>For shareholders, iKang’s hostile reactions are far from being productive negotiations with a higher bidder and“focusing on increasing shareholders’ value.” Nor is it a winning strategy to fetch the fair value of $37.00 per share for iKang shareholders.</p><p>Instead, iKang’s hostility toward Meinian sacrificed $466 million in value for shareholders since Yunfeng Capital’s bid. iKang’s stock now languishes at approximately $14.50 per share, 42% below the $25.00 offered 21 months ago by Meinian, with a market value now $658 million less than what could have been pocketed from Meinian’s bid.</p><p>If this is “focusing on increasing shareholders’ value,” then iKang shareholders need new leadership with a new strategy and better focus. The current leadership strategy has failed and hurt shareholders.</p><p>For example, why is a lower bid of $20.00-$25.00 from Yunfeng Capital, a private equity firm co-founded by Jack Ma, the Chairman of Alibaba Group (NYSE: BABA), warmly received by iKang’s leadership when its bid range is mostly below Meinian’s sweetened bid?</p><p>Why give Jack Ma’s Yunfeng a discount instead of “focusing on increasing shareholders’ value” and accepting a clearly higher bid at $25.00 from Meinian?</p><p>If iKang were truly “focusing on increasing shareholders’ value,” then finalize negotiations with Yunfeng Capital on their bid announced 14 months ago. iKang’s Board appointed a Special Committee to evaluate and move on these bids more than two years ago.</p><p>To date the only action the Special Committee has done with any efficiency is adopt a “poison pill” just two days after Meinian’s bid. This contributed to a huge loss of market value for shareholders.</p><p>The Special Committee members, also the independent directors on iKang’s Board, are:</p><p>Ruby Lu</p><p>Thomas McCoy Roberts</p><p>Daqing Qi</p><p>Man Ho Kee Harry</p><p>Gavin Zhengdong Ni</p><p>Meanwhile, there has been no report to shareholders about the evaluation of Meinian’s or Yunfeng’s bids, and whether Yunfeng’s bid has been accepted or rejected.</p><p>Is the Special Committee slow? Disinterested? For some reason unfit for this review? How many times has the Special Committee met, with each other and Yunfeng? Why are they unable to make a decision?</p><p>Is the Jack Ma-backed Yunfeng Capital a real bidder? After 14 months of silence it is a reasonable question.</p><p>On average the completion of recent buyouts of U.S.-listed Chinese ADRs take nine months. Some are completed in five months. For U.S. companies it is typically four months. iKang has been much slower than average considering time elapsed for both bids – 10 months for Meinian’s, and 14 months for Yunfeng’s, respectively.</p><p>Taken as a whole this longer than two-year ordeal has caused an absurd situation, and destroyed $466 million in value for shareholders since the “white knight” Yunfeng appeared. It requires urgent action now by iKang’s Board of Directors to correct the situation by:</p><ul><li>Announcing a decision on the Yunfeng bid.</li><li>If executing the buyout, raise the bid to a minimum of $37.00 per share.</li><li>Closing the transaction before the end of 2017.</li></ul><p>If Yunfeng withdraws its bid, we urge the Board of Directors and iKang’s Chairman Zhang to:</p><ul><li>Remove the poison pill.</li><li>Withdraw the legal complaint against Meinian (still in Shanghai High Court).</li><li>Renegotiate terms for a strategic investment or sale to Meinian at a minimum of $37.00 per share.</li></ul><p>Sincerely,</p><p>Peter Halesworth<br />Managing Partner<br />Heng Ren Partners LLC<br />Boston, Massachusetts</p> Investments https://sinewswire.streetinsider.com/r/investments/ikangs-stock-wallows-42-below-bid-rejected-by-insiders-.536.html Wed, 13 Sep 2017 08:42:41 -0400 iKang’s Stock Wallows -42% Below Bid Rejected by Insiders https://sinewswire.streetinsider.com/r/investments/ikangs-stock-wallows-42-below-bid-rejected-by-insiders-.535.html <a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> Investments https://sinewswire.streetinsider.com/r/investments/ikangs-stock-wallows-42-below-bid-rejected-by-insiders-.535.html Wed, 13 Sep 2017 07:35:00 -0400 yellowHEAD introduces new technology to combat wasted mobile ad spend https://sinewswire.streetinsider.com/r/technology/yellowhead-introduces-new-technology-combat-wasted-mobile-ad-spend.534.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> yellowHEAD, a leading provider of holistic mobile marketing solutions that include paid user acquisition (UA), app store optimization (ASO) and search engine optimization (SEO), debuts its proprietary technology Alison, which uses machine learning to enable advertisers to predict revenue opportunities.</p><p>Engineered by top university math professors in close cooperation with yellowHEAD’s campaign managers, the unique technology builds itself on precise analysis based on millions of historical data points. Alison examines over 70 parameters of campaign performance, identifies trends in real time and draws actionable conclusions using an advanced machine learning model. With a broad range of clients and products, as well as cross-platform and full funnel insights from large-budget campaigns across various ad platforms (including Facebook, Google and more), Alison is already delivering impressive results by predicting campaign performance for companies like Playtika, Zynga, Gett, Liveperson, Scientific Games and more.</p><p>Eyal Argon, Marketing Relations Director at Playtika, says, “Since we’ve been working on Caesars Casino with Alison and the yellowHEAD team, we’ve seen a 27% increase in ROAS from our User Acquisition campaigns.”</p><p>An intelligent subsystem constantly analyzes the accuracy of the results predicted and teaches itself how to improve based on previous experience. With Alison, yellowHEAD experts can take actions to optimize campaigns based on predicted results across ad platforms.</p><p>Alison adds the power and scale of machine learning to yellowHEAD’s holistic user acquisition approach that combines paid and organic solutions. In addition to bringing higher LTV users to the app, this gives advertisers the ability to uncover previously inaccessible insights and minimize advertising budget waste.</p><p>“Since the inception of yellowHEAD, our solutions have been driven by the vision of full-funnel impact, understanding the user behaviour from the first impression of an ad all the way to becoming a top-value user. It demands continuously refined methodology, data-driven automation, and persistent innovation. The age of artificial intelligence is already here, marking the next generation of mobile advertising, and we’re happy to be a part of it,” said Gal Bar, Co-Founder and Co-CEO of yellowHEAD. “I have confidence that Alison will move the needle in the advertising space. This technology is a strategical supplement to our holistic solutions implementing the company’s vision of full-funnel measurement and lifetime value (LTV) prediction modeling. And we will continue to further intensify our technological development to better understand and predict the user journey from an ad click throughout the entire lifetime in the app.”</p><p>About yellowHEAD</p><p>Founded in 2013, yellowHEAD is a market leader and top marketing partner of many of the biggest advertisers in the world, including Tinder, WeWork, Playtika, Product Madness, League of Legends and more.</p><p>The company offers a holistic approach that combines fully-managed paid and organic solutions based on top UA, ASO & SEO methodologies and predictive technology to help advertisers efficiently grow on a global scale.</p><p>For more information, visit <a target="_blank" href="https://yellowheadinc.com/">https://yellowheadinc.com/</a> or email <a target="_blank" href="http://info@yellowheadinc.com">info@yellowheadinc.com</a>.</p> Technology https://sinewswire.streetinsider.com/r/technology/yellowhead-introduces-new-technology-combat-wasted-mobile-ad-spend.534.html Tue, 12 Sep 2017 09:00:00 -0400 While $466 Million in Market Value is Destroyed, iKang Shareholders Await "White Knight" https://sinewswire.streetinsider.com/r/investments/while-466-million-market-value-is-destroyed-ikang-shareholders-await-white-knight.533.html <p><a href="http://www.streetinsider.com/SI+Newswire">(SI Newswire)</a> BOSTON, Massachusetts – Shareholders of iKang Healthcare Group (NASDAQ: KANG) who have endured two years of uncertainty about an unfulfilled buyout offer and suffered $466 million in market value destruction, demand its Board of Directors end this fiasco and correct major mistakes they have made at shareholders’ expense.</p><p>“An ordeal that began 24 months ago has endured at least seven major mistakes that have cost iKang shareholders $466 million dollars in market value, a debacle for a company with a stock market capitalization of $973 million,” stated Heng Ren Managing Partner Peter Halesworth in a letter on August 29, 2017. “This is unacceptable and has understandably destroyed investor confidence in iKang’s leadership.”</p><p>A so-called “white knight” to end this ordeal, Yunfeng Capital, which was co-founded by Alibaba Group (NYSE: BABA) Chairman Jack Ma, has instead resulted in $466 million in market value destruction.</p><p>Shareholders believed Yunfeng Chairman and co-founder Yu Feng, aka David Yu, when Yunfeng wrote to iKang shareholders on June 6, 2016 and bid $20.00-$25.00 per share that due diligence of iKang would be “efficient,” and financing to acquire China’s largest private preventive health care services provider was “well prepared.”</p><p>Yunfeng’s reassurances came 10 months after a battle between two bidders – a group led by iKang Chairman Ligang Zhang, and Meinian Onehealth Healthcare Group (SHENZHEN: 002044) – ended with Yunfeng’s bid.</p><p>However, since then Yunfeng, David Yu, and Jack Ma have failed iKang shareholders on four pledges made in their 2016 proposal:</p><p>1) “Efficient” due diligence - The average duration between the announcement and closing of a buyout of a U.S.-listed Chinese company is nine months. Yunfeng already has taken 14 months. The U.S. M&A average is considerably shorter.</p><p>2) Yunfeng’s “well prepared” financing plans are absent.</p><p>3) Yunfeng’s “attractive offer price” of $20.00-$25.00 per share is not attractive. iKang is worth more than $37 per share.</p><p>4) Yunfeng said its bid offered shareholders “a higher degree of certainty” – To the contrary, silence for 14 months from a white knight bidder creates uncertainty.</p><p>iKang’s stock then was at $21.12. Now iKang’s stock is at $14.20.* This failure to fulfill pledges to shareholders of a U.S.-listed public company comes at a delicate time for Mr. Ma.</p><p>The Alibaba Group is currently cooperating with an U.S. Securities and Exchange Commission (SEC) investigation regarding accounting, the Committee on Foreign Investment in the U.S. (CFIUS ) is reviewing Alibaba’s Ant Financial $1.2 billion bid for MoneyGram International (NASDAQ: MGI), and the U.S. Trade Representative (USTR) has identified Alibaba subsidiary Taobao.com for its “notorious markets list“ for alleged piracy and counterfeiting issues.</p><p>“Mr. Ma should by now understand that, unlike in China, public opinion in the U.S. is not one-sided and automatically fawning,” Halesworth stated in his letter. “Many before him have had their careers sink in our unpredictable river of public opinion. While behavior in the public spotlight in America is more freewheeling than in China, there are limits. The red lines are not always easy to see if the spotlight is too bright. Being brash is tolerated - until it is not. Mr. Ma should be careful to avoid overstepping.”</p><p>Halesworth added, “Just as Mr. Ma famously stated that Alibaba was the crocodile lurking in the Yangtze River to pounce on foreign rivals who challenged him in China, Mr. Ma should not be overconfident that the U.S. is free of its own crocodiles. And if Mr. Ma is going to swim with them in the river of public opinion, it is better to make friends.”</p><p>To repair the destruction of iKang’s market value for shareholders, and restore confidence in the integrity and credibility of Yunfeng’s public pledges, we urge Yunfeng to take these steps immediately:</p><p>• Announce a decision on the iKang buyout. • If executing the buyout, raise the bid to a minimum of $37 per share. • Close the transaction by the end of 2017.</p><p>If Yunfeng withdraws its bid, we urge iKang’s Board of Directors and Chairman Zhang to:</p><p>• Remove the poison pill. • Withdraw the anti-monopoly complaint against Meinian (if not already done). • Withdraw the legal complaint against Meinian (if not already done). • Renegotiate terms for a strategic investment or sale to Meinian Onehealth at a minimum of $37 per share.</p><p>Link to Chinese version of Heng Ren letter: <a target="_blank" href="http://hengreninvestment.com/images/documents/Heng_Ren_Partners_Letter_iKang_August_30_2017-Chinese.pdf">http://hengreninvestment.com/images/documents/Heng_Ren_Partners_Letter_iKang_August_30_2017-Chinese.pdf</a></p><p>Link to English version of Heng Ren letter: <a target="_blank" href="http://hengreninvestment.com/images/documents/Heng_Ren_Partners_Letter_iKang_August_30_2017-English.pdf">http://hengreninvestment.com/images/documents/Heng_Ren_Partners_Letter_iKang_August_30_2017-English.pdf</a></p><p>* The closing stock price on August 25, 2017.</p><p>-- END –</p><p>Contact:</p><p>Peter Halesworth Heng Ren Partners LLC <a target="_blank" href="mailto:phalesworth@hengreninvestment.com">phalesworth@hengreninvestment.com</a></p> Investments https://sinewswire.streetinsider.com/r/investments/while-466-million-market-value-is-destroyed-ikang-shareholders-await-white-knight.533.html Thu, 31 Aug 2017 07:00:00 -0400