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Posts made in October, 2017

TELUS International to acquire Xavient Information Systems

By on Oct 31, 2017 in Press Release |

LAS VEGAS, NEVADA and SIMI VALLEY, CALIFORNIA–(Marketwired – Oct. 30, 2017) – TELUS International (TSX:T)(NYSE:TU), a leading global business process and information technology services provider, is pleased to announce plans to acquire Xavient Information Systems (Xavient), a global IT consulting and next-generation software services company with approximately 1,800 employees. Xavient is headquartered in Simi Valley, California in the United States and has operations throughout the U.S. and in India, serving customers primarily in the telecommunications, media, entertainment, healthcare, and banking and financial services sectors. This acquisition of Xavient will accelerate TELUS International’s objective to expand its global service offerings with the addition of advanced, next-generation IT consulting and delivery capabilities, including User Interface/User Experience (UI/UX), Open Source Platform services, Cloud services, Over-The-Top (OTT) solutions, Internet of Things (IoT), Big Data services, DevOps, and automation and digitization in order to provide a more fulsome suite of services to existing and prospective clients. The acquisition will also advance TELUS International’s commitment to grow its capabilities in the U.S. and enhance its geographic diversity by expanding into India. These will be TELUS International’s first operations in India. The transaction will be financed primarily from TELUS International credit facilities and TELUS International shares. Under the agreement TELUS International will initially acquire a 65% majority interest in Xavient with the right to acquire the remaining interest on or before December 31, 2020. Based on various performance-related metrics, the total consideration, including the purchase of the remaining interest, is estimated to be approximately US$250 million. The acquisition is subject to customary closing conditions and regulatory approvals in the United States and India. Closing is expected to occur before year end 2017. About TELUS International TELUS International is a leading global business process and IT services company with almost 28,000 employees around the world, including in Canada, the United States, Europe, Central America, the Philippines and the United Kingdom. With over 200 million customer interactions supported annually via voice, email, chat and social media, across fast-growing tech, financial services and fintech, gaming, travel and hospitality, and healthcare industries, TELUS International enables customer experience innovation through spirited teamwork, agile thinking, and a caring culture that puts customers first. The company serves clients in over 35 languages. TELUS...

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Scholastic Corporation Announces CFO Change

By on Oct 31, 2017 in Press Release |

“Ken Cleary is a deeply experienced financial executive who knows Scholastic well and is highly qualified to serve as chief financial officer,” commented Richard Robinson, Chairman, President and Chief Executive Officer. “Ken joined Scholastic nearly a decade ago and has been the Company’s chief accounting officer since 2014. We expect a seamless transition and know that Ken’s financial expertise will play a key role in helping us execute our Scholastic 2020 strategic plan.” Mr. Robinson further stated, “This change did not arise from any issues involving the Company’s financial results, which are meeting our expectations, business practices, internal controls or financial reporting procedures.” With Mr. Cleary’s promotion to Chief Financial Officer, Paul Hukkanen, Vice President, External Reporting and Compliance becomes Vice President, Chief Accounting Officer and Vincent Lucinese becomes Vice President, Controller and Shared Services Support. Kenneth Cleary, 52, has been Senior Vice President, Chief Accounting Officer since September 2014.  Prior to that, he was Vice President, External Reporting and Compliance since joining Scholastic in May 2008. Previously, Mr. Cleary was Senior Assistant Controller at Hertz Corporation, Assistant Controller at Engelhard Corporation, and Manager of Financial Reporting at Sequa Corporation, after beginning his career as an auditor for KPMG. About Scholastic Scholastic Corporation (NASDAQ: SCHL) is the world’s largest publisher and distributor of children’s books, a leading provider of core literacy curriculum and professional services, and a producer of educational and entertaining children’s media. The Company creates quality books and ebooks, print and technology-based learning programs for pre-K to grade 12, classroom magazines and other products and services that support children’s learning both in school and at home. With operations in 14 international offices and exports to 165 countries, Scholastic makes quality, affordable books available to all children around the world through school-based book clubs and book fairs, classroom collections, school and public libraries, retail and online. True to its mission of 97 years to encourage the personal and intellectual growth of all children beginning with literacy, the Company has earned a reputation as a trusted partner to educators and families. Learn more at www.scholastic.com. Forward-Looking Statements This news release contains certain forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties, including the conditions of the...

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MLA Karen McPherson joining the Alberta Party

By on Oct 30, 2017 in Press Release |

Former NDP MLA Karen McPherson, who quit the governing party’s caucus to sit as an independent, has joined the Alberta Party.  McPherson, the member for Calgary-Mackay-Nose Hill, left the governing NDP while citing the increasing polarization of Alberta politics.  According to a document obtained Sunday by Postmedia, McPherson feels she can better serve her constituents by joining the centrist Alberta Party. The news is set to be officially released Monday. In a draft news release, McPherson said she was looking forward to the opportunity to push for transformational change in health and education, driven by technology. “The Alberta Party represents the missing middle in Alberta politics,” she said in the release. “We reject polarization and focus first on what we have in common rather than what makes us different from each other.” McPherson will focus on small business, entrepreneurship and bringing transformational change to health care through technology. McPherson said Albertans need to “rise above partisanship,” and made a case for using emerging technologies to make systems sustainable over the long term.   “The answers don’t lie in drastic cuts or in a slow downward trend in rising costs,” she said. In the release, Alberta Party Leader Greg Clark called McPherson “a perfect fit” for the party.  When McPherson left the NDP, she said she was concerned politics was “missing the middle.” “Albertans need political choices that inspire them, not scare them,” she said on Facebook at the time. In an interview in early October, McPherson said she felt the government was not taking the steps needed to transform the health and education systems for the 21st century. She said she had raised her concerns in the past, but Premier Rachel Notley’s government is focused on fulfilling what it sees as its electoral mandate.  egraney@postmedia.com...

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Stratis Could Jump High On a News Release

By on Oct 30, 2017 in Press Release |

There are hundreds of coins our there but very few are actually able to outperform Bitcoin in terms of growth. So who could possibly produce better returns than Bitcoin in the short to medium term? Looking at Stratis/Bitcoin pair, it has managed to break above the downtrend trendline, and prior to that forming a bullish divergence on the RSI chart, indicating on a potential reversing to the upside. The demand zone is around BTC 0.00067, where buyers could start stepping in. As for the target, two Fibonacci retracement levels were used,  23.6% – back from June all-time high and 76.4% – from August high. Both of these levels are on BTC 0.0014 which could be the potential upside target. And besides, Stratis releasing Masternodes on the 30th Of October – Tomorrow! On the 30th of this month we will be releasing Breeze nodes (Masternodes) alpha. The first, where operators can earn #bitcoin #blockchain pic.twitter.com/VqoeG4Tz85 — Stratisplatform (@stratisplatform) October 20, 2017 Break below 0.00042 would invalidate this technical view and could send STRAT/BTC further...

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Orford Mining Announces Clarification of October 26, 2017 News Release

By on Oct 29, 2017 in Press Release |

TORONTO, Oct. 27, 2017 /CNW/ - Orford Mining Corporation (TSX-V: ORM) (“Orford Mining“), at the request of IIROC, wishes to clarify certain disclosures made in its October 26, 2017 news release. Specifically, Orford Mining wishes to clarify that: Sampling has been completed along a 40 km corridor. The density of sampling however does not “confirm a 40 km High-Grade Gold System” has been delineated on the property. All drill intersections and samples referenced in the Headline and Highlights section of the October 26 release are described in detail (including sample type and intervals) in Tables 1, 2 and 3 (which form part of the release). Several of the high grade sample results disclosed, including but not limited to the “457 g/t Au” were selective grade samples from boulders and/or “sub-outcrop” and are not in-place and may not be representative of the mineralization hosted on the property. All grab samples are selective by nature and values reported may not be representative of mineralized zones. The current stage of exploration and results are consistent with a 40 kilometer gold trend rather than a definitive confirmation of a high-grade gold system. Reported drill intervals are down-hole core lengths – true thickness cannot be determined with available information. References to other (non-Orford Mining) properties referenced in the CEO quote should be disregarded given that these are well established camps which host major operations. Orford Mining is a successor to Focused Capital Corp., which changed its name to Orford Mining Corporation effective on October 20, 2017. The disclosure of scientific and technical information contained in this news release has been approved by Alger St-Jean, P.Geo, Vice President, Exploration of Orford, a Qualified Person under NI 43-101. About Orford Mining Corporation Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec and the Carolina Gold Belt in United States. Orford’s principal assets are the Qiqavik and West Raglan projects comprising of a land package totaling over 70,000 hectares in the Cape Smith Belt of Northern Quebec and properties in the Carolina Gold Belt in the United States. The Qiqavik Project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 km. Orford’s common shares will trade...

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