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Posts made in June, 2015

Early Warning Press Release

By on Jun 12, 2015 in Press Release |

BURNABY, BC, Jun 12, 2015 (Canada NewsWire via COMTEX) — This press release is being disseminated by Vert Holdings ULC (the “Company”) and Brooks A. Bergreen (“Bergreen”), both at the address of 2 – 4333 Central Blvd, Burnaby, BC V5H 4W8, as required by National Instrument 62-103 – The Early Warning System and Related Take Over Bids and Insider Reporting Issues. On June 10, 2015, Hit Technologies Inc. (formerly Friday Capital Inc. and referred to hereinafter as the “Issuer”) completed a business combination (the “Business Combination”) by way of a three-cornered amalgamation pursuant to which (i) 1030937 B.C. Ltd., a wholly-owned subsidiary of the Issuer, and a company formerly known as Hit Technologies Inc. (the “Acquiror”) amalgamated and became a wholly-owned subsidiary of the Issuer and (ii) the shareholders of the Acquiror were issued one common share (“Common Share”) of the Issuer (with a deemed issue price of CDN$0.60 per Common Share) for each standard A share (“Acquiror Share”) of the Acquiror held. The Business Combination constituted a qualifying transaction under TSX Venture Exchange Policy 2.4 – Capital Pool Companies. Immediately prior to the completion of the Business Combination, (i) the Company, a holding company controlled by Bergreen, owned an aggregate of 6,784,654 Acquiror Shares and (ii) Bergreen owned an aggregate of 2,000,000 stock options granted by the Acquiror, each stock option entitling him to purchase one Acquiror Share at a price of CDN$0.25 per Acquiror Share. Following completion of the Business Combination, (i) the Company owns an aggregate of 6,784,654 Common Shares, which represent approximately 15.9% of the issued and outstanding Common Shares and (ii) Bergreen owns an aggregate of 2,000,000 stock options (the “Bergreen Options”) entitling him to purchase one Common Share at a price of CDN$0.25 per Common Share. 666,667 of the Bergreen Options vested immediately upon grant, 666,667 of the Bergreen Options will vest upon the Issuer achieving gross revenues of $5,000,000 within a given fiscal year and 666,666 of the Bergreen Options will vest upon the Issuer achieving gross revenues of $20,000,000 in a given fiscal year. The Company and Bergreen may increase or decrease their ownership interest in the Issuer’s securities depending upon future market conditions. The Company and Bergreen have relied on...

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Pistons press release on Ersan Ilyasova trade

By on Jun 12, 2015 in Press Release |

Here is the Detroit Pistons‘ full press release on the Ersan Ilyasova trade from Thursday, including Stan Van Gundy’s quote on Caron Butler and Shawne Williams: AUBURN HILLS, Mich. – The Detroit Pistons announced today that the team has acquired forward Ersan Ilyasova from the Milwaukee Bucks in exchange for forwards Caron Butler and Shawne Williams. “Ersan Ilyasova is a player we have coveted since we got to Detroit,” said Stan Van Gundy, Head Coach and President of Basketball Operations for the Detroit Pistons. “Not only is he a proficient three-point shooter that can stretch the floor, he is a high-energy, hard-playing guy who fits extremely well with how we want to play. We are excited about what he can add to our team.” “We appreciate the contributions of Caron and Shawne. Caron, in particular, is difficult to say goodbye to. Not only did he play well for us, his leadership went above and beyond. I’m not sure I’ve ever seen a single player have a more a positive impact on a team than Caron did on ours. He is a special person and we will always respect and appreciate what he did here.” A seven-year NBA veteran, Ilyasova has spent his entire career in Milwaukee where he’s averaged 10.7 points (45% FG, 37 3FG, 78% FT), 6.0 rebounds and 1.1 assists in 453 career games (257 starts). Last season, he averaged 11.5 points (47% FG, 39% 3FG, 65% FT), 4.8 rebounds and 1.0 assists in 58 games (36 starts). He’s averaged double-figure scoring in five of his seven NBA seasons including a career-best 13.2 points during the 2012-13 campaign. Ilyasova earned NBA Eastern Conference Player of the Week honors in March 2012 after averaging 25.0 points (64% FG, 67% 3FG) and 10.8 rebounds in four games. A 6-10, 235-pound native of Turkey, Ilyasova was the 36th overall pick in the 2005 NBA Draft and played two years in Spain after his NBA rookie year in 2006-07. He also played two years in the Turkish professional league before coming to the NBA and played for the Turkish national team at the junior and senior levels. Butler, a native of Racine, WI, averaged 5.9 points, 2.5 rebounds and 1.0 assists in...

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Five Simple Ways to Make Your Press Release Stand Out

By on Jun 11, 2015 in Press Release |

No matter what industry your company is a part of, you’re bound to be facing competition—a lot of competition. To stand out from a sea of lookalikes and wannabes, your company must reach out to the right people. That outreach starts with maintaining an effective network of press relations. For a lot of companies, finding PR success can be extraordinarily frustrating—especially when just starting out. But the good news is that it’s actually fairly simple to get your brand name out there and in the media. Put on a smile, be patient, and follow the following five simple steps. 1. Make the right connections Even the most extraordinary press release on earth will be ignored if it’s not sent to the right people. So, before you start cold-calling journalists with news about your company’s innovative new products, sit down and think about who it is you’re talking to. First, assess your target audience and decide which media outlets members are most likely to be using day in and day out. Then, take a look at each section of those publications to figure out where your business story would fit. For example, are you trying to raise awareness about a new tech product, or are you announcing a new company scholarship? Not everything qualifies as a breaking news story, so you should bear in mind that firing off a quick email to the editor-in-chief of a national newspaper is a waste of time and energy. It will never be read, and you’ll probably end up getting listed as spam. Instead, take a look at the editorial contacts of each section, and go straight to the bottom of the totem pole. After all, if you’re shooting for a large publication, even the deputy section editors might not have the time to read the dozens press releases coming through their inbox. Try your run-of-the-mill reporters first, and don’t just fire off a cold, automated email. It’s not hard for reporters to tell when they’re one of 300 people on the receiving end, and your impersonal emails are far more likely to go unread. Instead, phone each reporter before trying to send through a press release. Introduce yourself and what you’re promoting, and...

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Here’s Why Target Corporation (TGT) Stock Is Expected To Rally On Press …

By on Jun 11, 2015 in Press Release |

Target Corporation (NYSE:TGT) mistakenly released its dividend payout and details of its share buyback program ahead of the Annual Shareholders’ meeting to be held today in San Francisco, California. According to leading news wires, Target announced a surge in quarterly dividends by 7.7%, and a share buyback plan worth $10 billion, from the current authorization of $5 billion. According to reports, the information was kept confidential until official release; however, an insider is cited by Reuters to have confirmed that the information of company buybacks and share purchase programs was leaked out possibly by a human error. The unexpected press release is safely speculated to light up Target stock price as trading begins at the New York Stock Exchange at 9:30 PM EDT on June 10. It is observed that Target shares kicked off trading yesterday, on a relatively low note, at $78.86 per share after closing at $79.05 on Monday. Minneapolis’ shares experienced a downbeat throughout the trading session on Tuesday, dipping momentarily to $78.38. It is anticipated that after the mistaken news release, Target shares picked some momentum in the penultimate hours, topping the $79.08 per share mark. Target share price clocked in at $79.15 per share in the after-hour trading session, hinting upwards trajectory to continue on June 10 trading session, despite a lethargic close on Tuesday at $78.90 per share. The news release by Target is reported to have announced 56 cents per common share dividend. The dividend payout is remarked as the “192nd consecutive share” during the third quarter for fiscal year 2015, since October 1967. Moreover, the hiked dividend marks the 44th consecutive increment in dividend payout. Dividends are reported to be payable to shareholders on September 10, 2015, which register themselves to the company by August 19. Furthermore, the press release is also reported to mention an increased share buyback plan, from a previous authorization of $5 billion, to a new authorization of $10 billion. Target is reported to have returned capital worth $3.7 billion to shareholders, during the first quarter of the running fiscal year, buying back nearly 56 million shares at an average price per share as $65.06. Target executive vice president and CFO, John Mulligan, is reported as saying:...

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