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Posts made in February, 2017

Press Release: Polybius Bank: the First Bank for Crypto Business

By on Feb 28, 2017 in Press Release |

EE, February 28, 2017 at 15:44 GMT Feb. 28, 2017 | Polybius Foundation announces the opening of the Polybius Bank — the first European bank specializing in financial services for companies dealing with cryptocurrencies and blockchain worldwide. The Polybius Bank will both provide traditional banking services to individuals and legal entities using blockchain technologies, and work with cryptocurrency start-ups and blockchain projects. Traditional banks are often suspicious about projects involving cryptocurrencies, refusing to service them or inflating fees for them as risky clients. The Polybius Bank is founded by people familiar with specifics of the crypto business, and it will offer an individual approach and comfortable environment for businesses dealing with cryptocurrencies and blockchain. The Polybius Bank will also provide such services as credits secured by cryptocurrencies, creation of investment portfolios based on cryptocurrencies, and personal identification through the blockchain technology to meet the needs of private and public organizations. Ivan Turygin, a co-founder of the Polybius Foundation, explains the demand for a bank dealing with crypto companies, by the conservatism of traditional credit institutions: “For the first time, we faced a lack of understanding from traditional banks three years ago when we marketed mining equipment and tried to open an account in one of the Estonian banks. As it turned out, banks’ fear and misunderstanding of bitcoin was so serious, that they preferred to fully deny it rather than to understand the issue in order to distinguish a legitimate business from dubious firms.” An idea of establishing a bank to be friendly with companies operating in the field of blockchain technologies and crypto business has been developed since 2016, and in early 2017, the Polybius Foundation was established. CryptoPay, a major service of cryptocurrency payments, HashCoins, a developer of blockchain solutions, and AmbiSafe, a developer of Ethereum smart contracts, in cooperation with leading specialists from global banking organizations providing a required level of legal and financial expertise, are involved in the establishment of the Polybius Bank. Today, the Charter is being finalized and the bank is being registered in one of the European Union jurisdictions. Thank you for your interest!   https://polybius.io/ The publication of a press release on this page should not be viewed as an endorsement...

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Insane Betsy DeVos Press Release Celebrates Jim Crow Education System as Pioneer of “School Choice”

By on Feb 28, 2017 in Press Release |

First of all, it sounds like a seventh-grader wrote this, which is perhaps what happens when you put someone who has never really had a real job in charge of the Department of Education. Second, this official 2017 federal government press release celebrates legal segregation (!!!) on the grounds that the Jim Crow education system gave black students “more options,” as if there was a robust competition between HBCUs and white universities for their patronage. (When black Mississippian James Meredith chose the “option” of enrolling at the University of Mississippi in 1962, a massive white mob formed on the campus; two people were shot to death and hundreds injured in the ensuing battle/riot, during which federal marshals came under heavy gunfire, requiring the ultimate intervention of 20,000 U.S. soldiers and thousands more National...

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Emerge Energy Services Announces Fourth Quarter 2016 Results

By on Feb 27, 2017 in Press Release |

Fort Worth, Texas – February 27, 2017 – Emerge Energy Services LP (“Emerge Energy”) today announced fourth quarter 2016 financial and operating results. Highlights Net loss of $(20.8) million and Adjusted EBITDA of $(10.6) million for the three months ended December 31, 2016. Full quarter sales of 825,699 tons of sand. Completed a public offering and received net proceeds of $36.9 million. Overview Emerge Energy reported net loss of $(20.8) million, or $(0.77) per diluted unit, for the three months ended December 31, 2016.  For that same period, Emerge Energy reported Adjusted EBITDA of $(10.6) million and Distributable Cash Flow of $(15.2) million.  Net loss, net loss per diluted unit and Adjusted EBITDA for the three months ended December 31, 2015, were $(9.9) million, $(0.41) per diluted unit and $3.9 million, respectively.  Adjusted EBITDA and Distributable Cash Flow are non-GAAP financial measures that Emerge Energy uses to assess its performance on an ongoing basis. The results of operations of the Fuel business have been classified as discontinued operations for all periods presented and we now operate our continuing business in a single sand segment.  Net loss and net loss per diluted unit for continuing operations for the three months ended December 31, 2016 were $(20.7) million and $(0.77) per diluted unit, respectively, compared to net loss and net loss per diluted unit for continuing operations for the three months ended December 31, 2015 of $(9.8) million and $(0.41) per diluted unit, respectively. In November 2016, we completed a public offering of 3,400,000 of our common units at a price of $10.00 per unit and granted the underwriters an option to purchase up to an additional 510,000 common units, which the underwriter exercised in full.  The offering closed on November 23, 2016.  We received proceeds (net of underwriting discounts and offering expenses) from the offering of approximately $36.9 million.  The net proceeds from this offering were used to repay outstanding borrowings under our revolving credit agreement. We will not make a cash distribution on our common units for the three months ended December 31, 2016 as we are restricted from making distributions to our common unitholders under our amended credit agreement and we did not generate available cash to distribute for the three months ended December 31, 2016. “The...

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Press Release: OTC Exchange Network announces appointment of Blockchain architect Drew Rasmussen as CTO

By on Feb 27, 2017 in Press Release |

AL, February 27, 2017 at 13:58 GMT FOR IMMEDIATE RELEASE  San Francisco, CA – February 27, 2017 – OTC Exchange Network announces appointment of Blockchain architect Drew Rasmussen as CTO. OTC Exchange Network (“OTCXN”), an institutional trading network and technology provider focused on using Blockchain technologies to solve the biggest problems in the largest markets in the world, has announced that it has appointed Drew Rasmussen as Chief Technology Officer (CTO) of the company. As OTCXN’s CTO, Rasmussen will be responsible for overseeing all technical design, technological resources, and technology development. Additionally, he will leverage his unique experiences for facilitating the overall architecture and development of the company’s proprietary Blockchain fabric, also known as Distributed Ledger Technology (DLT). He will report to Rosario M. Ingargiola, the company’s Founder and CEO. “We are thrilled that Drew will bring to OTCXN his unique expertise in developing Blockchain technologies specifically for large-scale use cases at global financial institutions,” Ingargiola said. “Drew is leading development of our ground-up proprietary Blockchain stack, which will be used as the backbone of our institutional peer-to-peer trading network and also to be offered as a stand-alone Blockchain infrastructure for permissioned ledger based systems of all types.” Rasmussen joins OTCXN with years of experience leading custom, ground-up Blockchain implementations for leading global firms adopting DLT for various use cases, including Overstock.com’s T0 platform, NASDAQ, State Street, and many other globally recognized financial institutions. “Since 2012, I have had the opportunity to see the emergence of many exciting products and services within the Blockchain space. Nonetheless, I have noticed the importance of creating end-to-end solutions continues to allude the majority due to a lack of deep and intimate knowledge of fields outside of technology. Few people have been responsible for bringing an institutional FX trading platform to market successfully, as has Rosario. With his extensive background within FX and mine within Blockchain, this problem has now come to an end,” said Rasmussen. “I’m very excited to be part of company with the ambitious vision of re-engineering the world using Blockchain,” said Rasmussen. Ingargiola shares Rasmussen’s sentiment, “Outside of crypto-currencies, there is only one trading platform in the world that’s in production today based on Blockchain technology – Overstock’s T0...

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The Priceline Group’s Fourth Quarter 2016 Earnings Press Release to be Available on Company’s Investor Relations …

By on Feb 25, 2017 in Press Release |

NORWALK, Conn., Feb. 24, 2017 /PRNewswire/ — Fourth quarter 2016 financial results for The Priceline Group (PCLN) will be available at approximately 4:00 p.m. ET Monday, February 27 through a press release posted on the company’s Investor Relations website http://ir.priceline.com. The Priceline Group also intends to hold a conference call on Monday, February 27 at 4:30 p.m. ET to discuss its fourth quarter financial results. The event will be webcasted live at http://ir.pricelinegroup.com. Audio replays will be available on the website for seven days thereafter. About The Priceline GroupThe Priceline Group (PCLN) is the world leader in online travel and related services, provided to customers and partners in over 225 countries through six primary brands – Booking.com, priceline.com, KAYAK, agoda.com, rentalcars.com, and OpenTable. The Priceline Group’s mission is to help people experience the world. For more information, visit PricelineGroup.com. To view the original version on PR Newswire,...

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