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Daily regional news summary from Cuba!: The source for the latest news throughout Cuba and Caribbean.

Eden Green Technology™, a Next-Generation Farming Company, Debuts Crisply, a Freshly Picked, Pesticide-, Herbicide- and Chemical-Free Produce Line

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DALLAS, June 27, 2018 /PRNewswire-HISPANIC PR WIRE/ – Eden Green Technology, a next generation vertical farming company, unveiled Crisply, a locally grown, freshly picked produce line today.

Eden Green Technology’s Crisply produce, which is non-GMO and pesticide-, herbicide- and chemical-free, can be found in Walmart stores beginning in Texas next month. Eden Green Technology is believed to be the first vertical future farm able to scale to meet the produce needs of existing regional food distribution systems. Eden Green Technology will be the first company to offer freshly picked produce, grown locally at next-generation vertical farms, on a large scale.

“We are elated to make fresh, handpicked greens available to everyone who wants to eat high quality, nutrient-rich produce without spending an entire paycheck,” said Jaco Booyens, co-chair of Eden Green Technology, a privately held Dallas-based company, which has been in stealth mode for two years.

“We pick our produce, package the same-day, and stamp the date when they are harvested on the package so consumers know exactly how fresh their salads are. We also make it possible for our retail partners to put our produce on their shelves immediately after they’ve been harvested, in some cases that same day. No other company does that,” Booyens added.

Eden Green Technology’s Crisply produce grows in greenhouses in proprietary vine-like systems. The company’s technology encloses each plant in a medium less (no soil), microclimate bubble, which is monitored and optimized for growth and mitigating contamination. Engineers Jacques and Eugene van Buuren, who initially built their first greenhouse in South Africa, created the novel technology.

Eden Green Technology expects to grow 10 to 15 harvests a year, compared to an average of two harvests for conventional, soil-based farms. The company’s technology enables plants to feed on a continuous flow of nutrient-filled water and natural sunlight instead of LED lights; this enables the company to save on energy and optimize produce growth and nutrients. The greenhouse also captures carbon gas, which the plants absorb for fuel. With the use of sunlight, Eden Green Technology facilities use less electricity so that their energy cost is one-eighth the cost of cooling regular greenhouses.

Private investors have invested $22 million in Eden Green Technology and its expansion. Eden Green Technology’s unique business model is not dependent on government subsidies.

“Eden Green Technology not only cracks the food code, it cracks the scale code,” said Jack Dweck, co-chairman and founder of Earthbound, which researches agricultural and fresh food technologies. “Its ability to scale tremendously well makes them viable economically, and that is key against any competition.”

The first Crisply produce line includes multiple lettuce, greens and herb varietals. Crisply will also offer fresh Stevia leaves in an industry-first sweet salad blend. The produce is planted, picked and packed at the same facility, and kept in an unbroken cold chain to the retailer, decreasing the chances of contamination.

“Eden Green Technology intends to put premium produce at accessible prices on grocery shelves as well as donate fresh produce regularly to food banks so they can be distributed to areas that have long been considered food deserts,” said Trey Thomas, CEO of Eden Green Technology.

The company will donate the first and best portion of every harvest to local communities in need. The North Texas Food Bank will be the first U.S. food bank recipient.

“Access to fresh produce is critical to the success of the North Texas Food Bank and to the health of the neighbors we serve,” said Trisha Cunningham, president and CEO of the North Texas Food Bank. “The vision that we have laid out for our organization is to create a hunger free, healthy North Texas; we know that it will require the support of innovative partners like Eden Green Technology to turn this vision into a reality. We thank them for their generosity as part of the First Fruits initiative and can’t wait to provide this healthy food to our neighbors in need.”

Photos and other visual assets: http://bit.ly/edengreentechnology
Eden Green Technology’s website: www.edengreen.com

About Eden Green Technology
Eden Green Technology, a Dallas-based privately held company, is revolutionizing agriculture at a time when accessibility to safe, healthy and affordable foods is urgently needed. Eden Green Technology grows produce quickly and safely on its proprietary, closed “micro-climate” bubbles and vine systems. The company’s first product line, Crisply, offers organic, non-GMO, pesticide-free, herbicide-free, chemical-free produce. Eden Green Technology wants to ensure accessibility to fresh produce for all populations. The company’s goal is to eliminate the problem of fresh food accessibility for every family no matter their economic situation.

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PRESS ALERT & INVITATION: Arbitrade to Hold a Press Conference on June 28th From Bermuda – Its New Global Headquarters

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CaribPR Wire, NEW YORK, June 22, 2018: This is an invitation to all media following Arbitrade and/or covering the cryptocurrency markets. You are invited to join Arbitrade’s Chairman, Len Schutzman, and management who will discuss their progress toward establishing Arbitrade as a world-class cryptocurrency exchange and coin company. They will also discuss their move and incorporation into Bermuda, one of the world’s best regulated jurisdictions and a platform from which Arbitrade will reach out to several international markets. It will be a lively discussion that will also include details of the many economic and social advantages and new jobs that companies, like Arbitrade, will bring to countries in which they settle and do business around the world.

Details of how to access the press briefing webcast are as follows:

Please register now for the upcoming Arbitrade Conference Call:

Date: Wednesday, June 27, 2018
Time: 8:00 a.m. EST


We recommend that you connect to the meeting at least 10 minutes prior to the start to avoid long hold times. Additional international toll-free numbers are provided below. Be prepared to give the operator your name and location along with your participate passcode.

Please note that this invitation is being sent to the Arbitrade media members; it is not open for everyone. Please do not forward this invitation to others.

Dial-in Numbers for the Conference Call
Dial-in Number: (844) 535-4032
Secondary Dial-in: (409) 983-9735
Participant Passcode: 8092727

Country Local Toll-free & International Toll

Participant Local Dial-In Numbers:
Austria, Graz 0316918058
Austria, Linz 0732915065
Austria, Vienna 019281030
Belgium, Antwerp 034000330
Belgium, Brussels 024003547
Czech Republic, Prague 239014964
Denmark, Copenhagen 032714390
Finland, Helsinki 0972519297
France, Lyon 0426030033
France, Paris 0170807153
France, Toulouse 0567804135
Germany, Berlin 030726167368
Germany, Frankfurt 06922224703
Germany, Hamburg 040809020709
Germany, Munich 089244432908
Hungary, Budapest 017779854
Ireland, Dublin 012475604
Italy, Milan 0236019660
Italy, Rome 0645217077
Luxembourg, Luxembourg 24871238
Netherlands, Amsterdam 0207075535
Netherlands, Rotterdam 107114880
Netherlands, Rotterdam 0107114881
Norway, Oslo 22310524
Poland, Warsaw 222639065
Portugal, Lisbon 01211201009
Spain, Barcelona 0934923253
Spain, Madrid 914142503
Sweden, Stockholm 0856619361
Switzerland, Geneva 0225803283
Switzerland, Zurich 0445801733
United Kingdom, London 02031070289

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CORRECTING and REPLACING — PRESS ALERT & INVITATION: Arbitrade to Hold a Press Conference on June 28th From Bermuda – Its New Global Headquarters

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CARIBPR WIRE, NEW YORK, June 23, 2018: In a press release issued under the same headline earlier today by Arbitrade, please note that the correct date of the event is Thursday, June 28, 2018 at 8:00 a.m. EDT. The corrected release follows:

This is an invitation to all media following Arbitrade and/or covering the cryptocurrency markets. You are invited to join Arbitrade’s Chairman, Len Schutzman, and management who will discuss their progress toward establishing Arbitrade as a world-class cryptocurrency exchange and coin company. They will also discuss their move and incorporation into Bermuda, one of the world’s best regulated jurisdictions and a platform from which Arbitrade will reach out to several international markets. It will be a lively discussion that will also include details of the many economic and social advantages and new jobs that companies, like Arbitrade, will bring to countries in which they settle and do business around the world.

Details of how to access the press briefing webcast are as follows:

Please register now for the upcoming Arbitrade Conference Call:

Date: Thursday, June 28, 2018
Time: 8:00 a.m. EDT


We recommend that you connect to the meeting at least 10 minutes prior to the start to avoid long hold times. Additional international toll-free numbers are provided below. Be prepared to give the operator your name and location along with your participate passcode.

Please note that this invitation is being sent to the Arbitrade media members; it is not open for everyone. Please do not forward this invitation to others.

Dial-in Numbers for the Conference Call
Dial-in Number: (844) 535-4032
Secondary Dial-in: (409) 983-9735
Participant Passcode: 8092727

Country Local Toll-free & International Toll

Participant Local Dial-In Numbers:
Austria, Graz 0316918058
Austria, Linz 0732915065
Austria, Vienna 019281030
Belgium, Antwerp 034000330
Belgium, Brussels 024003547
Czech Republic, Prague 239014964
Denmark, Copenhagen 032714390
Finland, Helsinki 0972519297
France, Lyon 0426030033
France, Paris 0170807153
France, Toulouse 0567804135
Germany, Berlin 030726167368
Germany, Frankfurt 06922224703
Germany, Hamburg 040809020709
Germany, Munich 089244432908
Hungary, Budapest 017779854
Ireland, Dublin 012475604
Italy, Milan 0236019660
Italy, Rome 0645217077
Luxembourg, Luxembourg 24871238
Netherlands, Amsterdam 0207075535
Netherlands, Rotterdam 107114880
Netherlands, Rotterdam 0107114881
Norway, Oslo 22310524
Poland, Warsaw 222639065
Portugal, Lisbon 01211201009
Spain, Barcelona 0934923253
Spain, Madrid 914142503
Sweden, Stockholm 0856619361
Switzerland, Geneva 0225803283
Switzerland, Zurich 0445801733
United Kingdom, London 02031070289

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Delta Air Lines Becomes Launch Operator of ATMOSPHÈRE Cabin with New Order for 20 Bombardier CRJ900

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CaribPR Wire, MONTRÉAL, June 20, 2018:  Bombardier Commercial Aircraft announced today that Delta Air Lines, Inc. of Atlanta, Georgia (Delta Air Lines) has signed a firm purchase agreement for 20 CRJ900 aircraft – becoming the launch operator of the new ATMOSPHÈRE cabin for CRJ Series regional jets.

Based on the list price for the CRJ900 aircraft, the firm order is valued at approximately US$961 million.

“We are thrilled that Delta continues to select the CRJ Series as the airline looks into the future growth of its regional operations,” said Fred Cromer, president, Bombardier Commercial Aircraft. “Together with Delta, we have driven the development of regional aviation in the U.S., and we are looking forward to further enhancing regional air travel with the launch of the new ATMOSPHÈRE cabin with our long-standing and esteemed customer.”

The new CRJ900 aircraft with ATMOSPHÈRE cabin will fly under the Delta Connection brand in a comfortable two-class regional jet configuration with 70 seats.

Delta Air Lines will take delivery of the world’s first ATMOSPHÈRE cabin CRJ900 aircraft in late 2018.

Including the order form Delta Air Lines announced today, Bombardier has recorded firm orders for 1953 CRJ Series aircraft.

About the ATMOSPHÈRE Cabin
The new ATMOSPHÈRE cabin sets new standards of passenger experience in the regional jet market segment. Key features of the new interior are comprised of larger passenger living space, wheel-first roller bag capability, more spacious lavatory, increased cabin connectivity options, all integrated in a contemporary design and material choices. In fact, the ATMOSPHÈRE cabin design allows each passenger to carry and store an “oversized” roller bag within the aircraft cabin bins which minimizes the need to check bags at the counter or the gate. To learn more: DiscoverAtmosphere.com

About Bombardier
With over 69,500 employees across four business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2017, Bombardier posted revenues of $16.2 billion US. News and information are available at bombardier.com or follow us on Twitter @Bombardier

Notes to Editors
Images of CRJ900 in Delta’s livery, as well as pictures of the new ATMOSPHÈRE cabin are posted with this news release at www.bombardier.com.

The CRJ900 aircraft backgrounder is available in the BCA Media Hub

For information about Delta, visit: www.delta.com

Follow @BBD_Aircraft on Twitter to receive the latest news and updates from Bombardier Commercial Aircraft.

To receive our press releases, please visit the RSS Feed section of Bombardier’s Website.

Bombardier, Atmosphère, CRJ900 and CRJ Series are trademarks of Bombardier Inc. or its subsidiaries.

Two photos accompanying this announcement are available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/ff620384-13bd-438a-b8ae-43e03359d897

http://www.globenewswire.com/NewsRoom/AttachmentNg/eb54620f-10c2-472c-a3c9-66dd88bc5734

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New UAE T20 League Promises to Be a Unique Development Platform for Regional and International Players Alike

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DUBAI, United Arab Emirates, June 13, 2018 /PRNewswire/ — A new elite international T20 cricket league, organised in partnership with the Emirates Cricket Board (ECB) and sanctioned by the International Cricket Council (ICC), is set to take place in the UAE this December 2018 – January 2019.

New UAE T20 League Promises to Be a Unique Development Platform for Regional and International Players Alike

To view the Multimedia News Release, please click: https://www.multivu.com/players/uk/8347651-new-uae-t20-unique-platform-for-players/

“Our whole focus of what we are trying to do here is to attract talent from all around the world to take part in this competition to help develop young cricketers from Associate Member nations who may have not had the opportunity to play at the highest level in the past ,” said David East, CEO of the ECB.

This new festival of cricket will provide opportunities for cricketers from both ICC Full Member and Associate Member countries as well as juniors alike, to play with and develop their skills alongside the very best in the world. iphone 7 plus alcantara case The five franchises will comprise a squad of 16 featuring six international star players, two emerging players from ICC Full Member countries, three players from ICC Associate Member nations, two Junior Players and three UAE cricketers. iphone 6 superdry case No other T20 competition has been established with these developmental goals at their core, and no other event will showcase such a wide array of international talent.

This competition will introduce the sport to new audiences in the UAE. mophie iphone 6 plus battery case We want to stage a festival of cricket that is designed to bring the game to all corners of the country and to support grassroots and local cricket,” said Zayed Abbas, ECB Board Member.

Cricket is already the second most followed sport in the UAE, with an ever-growing following amongst the population. designer phone case iphone 6 The high volume of world-class cricket having been played in the UAE over the past five years, has been really important in growing the sport’s popularity in the country.

Dr. iphone 8 case personalised initials Nasim Ashraf, Chairman of the T20 League Board of Directors, former Chairman of the Pakistan Cricket Board (PCB) and ECB Board Member, said:

“Our intention is to build a new event that is here to stay, and one that occupies a niche position in the international cricket calendar.

Award Winning Jamaican Jazz Maestro Gets Ready For Busy Round Of Caribbean American Heritage Month Performances

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Award-winning Jamaican Jazz Maestro Monty Alexander  (PHOTO CREDIT: Joe Martinez/Jazz at Lincoln Center)

Award-winning Jamaican Jazz Maestro Monty Alexander (PHOTO CREDIT: Joe Martinez/Jazz at Lincoln Center)

CaribPR Wire, NEW YORK, NY, Thurs. June 7, 2018: Over five decades of performances and more than 70 CDs later, award-winning Jamaican jazz maestro, Monty Alexander, is still thrilling jazz fans and introducing newbies to the genre with style. And this June, he is getting ready to do it all over again, as he gears up for a busy National Caribbean American Heritage Month in the United States.

The man, who singer extraordinaire, Tony Bennett, has declared put on one of the “best jazz shows” he has ever seen, is getting ready to play venues across the US as well as in Canada this June.

His month will kick off in Phoenix, Arizona on June 21st as the man considered to be one of the top five jazz pianists ever, will take his rhythmic, emotionally charged and virtuosic style of playing to Phoenix, Arizona’s Musical Instrument Museum, (MIM), at 4725 E. Mayo Blvd. Show time is 7:30 p.m. and tickets are $38.50–$48.50 and can be obtained here.

The Museum is the largest of its type in the world with a collection of over 15,000 musical instruments and associated objects includes examples from nearly 200 countries and territories. Alexander will join a long list of stellar artists who have performed at MIM, including jazz legend Ramsey Lewis, Grammy-award winner George Benson, Motown’s Martha Reeves, Lyle Lovett, American Idol winner Jordin Sparks and Ronnie Spector.

Then its off to the West Coast for a two-night LA performance at Catalina’s Jazz Club at 6725 W. Sunset Blvd. from June 22nd to the 23rd. Showtime will be 8:30 p.m. nightly and tickets are priced from $30 for the Friday night show and can be bought here while Saturday night’s performance will cost $5 more and can be secured here.

New York Performances

Alexander will celebrate jazz and Caribbean American Heritage Month in New York City with back-to-back shows from June 24 – 26th at the popular NYC Jazz haunt, Blue Note, at 131 West 3rd Street in Manhattan. Show time nightly will be 8 p.m. and this special series of performance will be presented under the theme: “Love Notes: Jamaica To Jazz,” paying tribute to the maestro’s homeland, which he left behind 55 years ago but still holds in his heart and honors with every performance.

Tickets start at $20 for a bar seat and $35 for a table reservation and can be obtained here.

Canada
The Jamaican and American classic will wrap up the month in Canada as he takes his unique brand of jazz to the groovy Montreal International Jazz Festival at Monument-National, 1182 St. Laurent Blvd. from 8 p.m. Tickets are $51.75 and can be secured here.

ABOUT ALEXANDER

Born on D-Day, June 6, 1944 in Kingston, Jamaica, Alexander was playing Christmas carols by ear at 4, entertaining neighbors and relatives by 5 and taking his first piano lessons at 6. He resisted formal instruction, but still, growing up in Kingston, absorbed all the musical flavors that comprise his mature sonic palette of today.

Alexander began playing in local Kingston clubs at 14, when he also made his first recordings, some as leader of a group called Monty and the Cyclones, and others as a sideman for such legendary producers as Ken Khouri (Federal Records), Duke Reid (Treasure Isle), and Clement Coxsone Dodd at Studio One.

These early sessions for Federal, which Alexander describes as “not calypso music, but the beginning of Ska,” included such subsequently famous talents as trombonist Don Drummond, tenor saxophonist Roland Alphonso and guitarist Ernest Ranglin.

Alexander is most widely known as an upper echelon master of the swinging piano trio function, as he has demonstrated with several top-shelf groups, including iconic units with bassist John Clayton and drummer Jeff Hamilton, and with the legendary bassist Ray Brown and guitarist Herb Ellis.

He also performs frequently with Harlem-Kingston Express, a double trio in which he coalesces his love for hard-swinging jazz with musical flavors that reflect his Jamaican heritage, shifting between an acoustic trio and master Jamaican practitioners of electric bass and drums. He debuted the project at Jazz at Lincoln Center in 2009 and documented it both on the Grammy-nominated 2011 CD, Harlem-Kingston Express: LIVE, and its 2014 Soultrain Award nominated follow-up, Harlem Kingston Express 2: The River Rolls On (Motéma).

For more on the Monty Alexander and his brand of jazz, visit him on YouTube or at montyalexander.com. You can also like him on Facebook at facebook.com/officialmontyalexander or keep up to date on his performance on Twitter at @montyHKE.

Media Contact:

Felicia Persaud

Hard Beat Communications

718-476-3616

felicia@caribpr.com

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Corona Renames The World Surf League’s Bali Pro To “Corona Bali Protected” To Bring Attention To Marine Plastic Pollution

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On a Mission to Protect Paradise, Corona Transforms Championship Tour Event to Raise Awareness of Marine Plastic Pollution

KERAMAS, Indonesia, May 22, 2018 /PRNewswire-HISPANIC PR WIRE/ – As title sponsor of the WSL’s Bali Pro Championship Tour event, Corona is transforming the previously announced “Corona Bali Pro” and renaming it “Corona Bali Protected.” This name change is aimed at sounding the alarm on one of the biggest threats to the survival of our oceans: marine plastic pollution. It stands for the vision of turning Bali into a pilot project, a blueprint for solving this global environmental issue by implementing the Parley AIR Strategy.

Last May, Corona made an ambitious commitment with Parley for the Oceans to protect 100 islands around the world from marine plastic pollution by 2020.  In addition to this commitment, Corona and Parley are now inviting brands of the consumer packaged goods industry to join a task force with the objective of leaving a lasting legacy in Bali’s coastal regions through the implementation of the Parley AIR strategy – Avoid plastic, Intercept plastic debris, and Redesign materials and products.

This new initiative will kick off at the start of the Corona Bali Protected event window with the following programs:

  • Beach cleanups with volunteers and ambassadors from Corona, Parley, and WSL PURE, the philanthropic arm of the WSL dedicated to ocean health. The cleanups will be organized in close collaboration with local communities, activists, and NGOs.
  • An immersive experience at the Corona x Parley Pavilion that will educate attendees about how plastic is destroying paradise while also highlighting ways that consumers, local industries, and global brands can all be part of the solution.
  • Inspirational and educational Parley Talks featuring Parley ambassadors and WSL athletes at the Casa Corona.
  • The Corona Highline specialty heat, a WSL-sanctioned surf competition featuring jerseys made from Parley Ocean Plastic® and surfboards and fins made from eco-innovative, upcycled materials.
  • 100% single-use plastic-free events and activations with recycling programs on-site. The Komune Resort & Beach Club, an eco-friendly resort which will host the event, is already setting the example in Bali with a plastic-free philosophy and progressive recycling facilities.

With this event, Corona and Parley are kicking off a series of collaboration sessions with local activists and NGOs, government authorities, local industries, and global consumer packaged goods brands with the objective of creating a 5-year action plan, which will be presented in October 2018 in Bali.

While this event will raise awareness for the need to protect Bali from marine plastic pollution, the Corona x Parley partnership has already made an impact in several regions around the world.  The Parley AIR Strategy is being implemented on over 30 islands in the Maldives, expanding to new islands in Australia, Mexico, Chile and the Dominican Republic.

The Corona Bali Protected in Keramas, Bali, Indonesia will take place from May 27 – June 9, 2018. For additional information, visit worldsurfleague.com/corona and 100islandsprotected.com.

ABOUT CORONA
Born in Mexico, Corona is the leading beer brand in the country, the most popular Mexican beer worldwide exported to more than 180 countries. Corona Extra was first brewed in 1925 at the Cervecería Modelo in Mexico City and is still proudly produced entirely in Mexico.

Corona is a pioneer in the beer industry by being the first to use a transparent bottle showcasing its purity and high quality to the world. Each glass bottle is produced in a glass factory in Mexico owned by the brand. The artwork found on the bottle is hand painted, highlighting our commitment to quality in our packaging and our Mexican heritage.

No Corona is complete without the lime. Naturally adding character, flavor and refreshment, the lime ritual is an integral part of delivering an experience that is truly unique to Corona. The brand is synonymous with the beach and celebrates time outdoors. It invites people to pause, relax and enjoy the simple pleasures of life.

ABOUT WSL
The World Surf League (WSL) is dedicated to celebrating the world’s best surfing on the world’s best waves through a variety of best-in-class audience platforms. The League, headquartered in Santa Monica, is a global sport with regional offices in Australasia, Africa, North America, South America, Hawaii, Japan and Europe.

The WSL has been championing the world’s best surfing since 1976, annually running in excess of 180 global events across the Men’s and Women’s Championship Tours, the Big Wave Tour, Qualifying Series, Junior and Longboard Championships, as well as the WSL Big Wave Awards. The League possesses a deep appreciation for the sport’s rich heritage while promoting progression, innovation and performance at the highest levels, and in doing so crowns the undisputed world champions in Men’s, Women’s across all divisions within the tour.

For more information, please visit WorldSurfLeague.com

Photo – http://www.cubachronicle.com/wp-content/plugins/wp-o-matic/cache/5e414cb414_Corona-Bali-Protected.jpg
Logo – http://www.cubachronicle.com/wp-content/plugins/wp-o-matic/cache/f234d4174a_Corona-Logo.jpg

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Vitel Mobile Announces Exclusive Partnership with Hyundai Mobile

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EOUL, South Korea, May 18, 2018 /PRNewswire-HISPANIC PR WIRE/ – Vitel Mobile, Inc, largest open market Authorized Distributor for Samsung and LG in Latin America, has just announced today that it has also partnered exclusively with Hyundai Mobile to launch and distribute its full mobile line up.  This partnership is unique as production and commercialization are managed by Vitel Mobile, Inc. along with Hyundai’s licensing department, which will oversee all of the devices’ design and quality control.  Hyundai Mobile devices are a reintroduction of the brand.  “Hyundai Mobile’s Android Smartphones have been very well received in the market,” said Mr. Rommey Bahhur, CEO of Vitel Mobile, Inc.  Mr. Bahhur also went to say that the Hyundai Mobile’s price point fills a void in a category were top tier brands are not present.  Hyundai Mobile complements Vitel Mobile’s handset offering of well positioned worldwide brands at all levels of consumer wants and needs.  Hyundai Mobile’s current model lineup will include 9 different handsets, with 3G and LTE capabilities, at a range of USD$39-89 at the point of sale.   Mr. Bahhur also concluded that, “We are very excited about this partnership; having such a worldwide recognized brand as it is Hyundai, at very affordable and attractive prices, is a gamechanger in the industry.”  Hyundai Mobile devices are being currently distributed and sold throughout all Latin America and the Caribbean and now in the USA.

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Vitel Mobile Announces Exclusive Partnership with Hyundai Mobile

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EOUL, South Korea, May 18, 2018 /PRNewswire-HISPANIC PR WIRE/ – Vitel Mobile, Inc, largest open market Authorized Distributor for Samsung and LG in Latin America, has just announced today that it has also partnered exclusively with Hyundai Mobile to launch and distribute its full mobile line up.  This partnership is unique as production and commercialization are managed by Vitel Mobile, Inc. along with Hyundai’s licensing department, which will oversee all of the devices’ design and quality control.  Hyundai Mobile devices are a reintroduction of the brand.  “Hyundai Mobile’s Android Smartphones have been very well received in the market,” said Mr. Rommey Bahhur, CEO of Vitel Mobile, Inc.  Mr. Bahhur also went to say that the Hyundai Mobile’s price point fills a void in a category were top tier brands are not present.  Hyundai Mobile complements Vitel Mobile’s handset offering of well positioned worldwide brands at all levels of consumer wants and needs.  Hyundai Mobile’s current model lineup will include 9 different handsets, with 3G and LTE capabilities, at a range of USD$39-89 at the point of sale.   Mr. Bahhur also concluded that, “We are very excited about this partnership; having such a worldwide recognized brand as it is Hyundai, at very affordable and attractive prices, is a gamechanger in the industry.”  Hyundai Mobile devices are being currently distributed and sold throughout all Latin America and the Caribbean and now in the USA.

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Pizza Hut and Telepizza Group Announce Landmark International Growth Alliance

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Pizza Hut and Telepizza Group Announce Landmark International Growth Alliance

  • Doubles Pizza Hut’s footprint in the regions covered by the alliance; places Pizza Hut in the #1 position in the category across Latin America and the Caribbean in terms of unit count; and confirms Pizza Hut position as the world’s largest pizza restaurant company
  • Telepizza Group to become a leading multi-country pizza operator worldwide and Pizza Hut’s largest master franchisee globally by unit count
  • Alliance nearly doubles Telepizza Group’s store portfolio to more than 2,500 units and €1.1 billion (1.3 Bn $) in system sales, with a presence in 37 countries with more than 500 million potential consumers
  • Long-term alliance involves Telepizza Group opening 1,300 new stores over the next 10 years across regions covered in alliance: Spain, Portugal, Latin America (excluding Brazil), the Caribbean and Switzerland

PLANO, Texas, and MADRID, Spain, May 16, 2018 /PRNewswire/ – Pizza Hut, a division of Yum! Brands, Inc. (NYSE: YUM) and the world’s largest pizza restaurant company with nearly 17,000 restaurants in over 100 countries, and Telepizza Group (BME: TPZ), the largest non-U.S. pizza delivery company worldwide with more than 1,600 stores in over 20 countries, today announced a strategic deal and master franchise alliance to accelerate growth across Latin America (excluding Brazil), the Caribbean, Spain (including Andorra), Portugal and Switzerland.

The landmark deal doubles Pizza Hut’s footprint in the regions covered by the alliance; places Pizza Hut in the number one position in the category across Latin America and the Caribbean in terms of unit count; and confirms Pizza Hut’s position as the world’s largest pizza restaurant company. As a result of the alliance, Telepizza Group will become Pizza Hut’s largest master franchisee globally by unit count and a leading multi-country pizza operator worldwide.

“This ground-breaking deal is a major milestone in our journey to become the most loved, fastest growing pizza brand in the world, and Telepizza Group is the ideal partner with the capability, commitment and capital to accelerate Pizza Hut’s expansion into key high-growth regions like Latin America,” said Milind Pant, President, Pizza Hut International. “Geographically, this long-term, strategic alliance with Telepizza Group will make Pizza Hut accessible to more consumers over time, helping fulfill our mission of making it easier to get a better quality pizza.”

“Our alliance with Pizza Hut delivers on Telepizza Group’s strategic plan to transform pizza delivery with a management model grounded in improving the customer experience through best-in-class operations,” said Pablo Juantegui, Executive Chairman and Chief Executive Officer, Telepizza Group. ”The deal accelerates our global growth plan, nearly doubles the scale of our business and extends our international reach to 37 countries, which represent more than 500 million potential consumers. The aspirations and capabilities of Telepizza Group and Pizza Hut International are complementary, and we are confident this deal will drive significant value for customers, employees, franchisees and shareholders as it represents an ideal platform for future growth opportunities.”

“At Pizza Hut International, we’re focusing all of our innovation, technology investments and franchise alliances on delivering the easiest, fastest and tastiest pizza experience wherever we operate,” said Enrique Ramirez, Global Chief Growth Officer, Pizza Hut. “Telepizza Group is the ideal partner to help us deliver on this focus across Latin America (excluding Brazil), the Caribbean, Spain, Portugal and Switzerland, because of their incredible depth and capability in franchise operations and supply chain management. Leveraging the strong experience of our Pizza Hut franchisees, we expect this to accelerate the growth of Pizza Hut with a best-of-both approach.”

Highlights of the alliance include:

  • Spain and Portugal. In Spain, where Telepizza is the leading player, and in Portugal, Telepizza Group will continue operating the Telepizza brand, but it will also operate Pizza Hut stores and oversee Pizza Hut franchisees. Telepizza will leverage the best of Pizza Hut capabilities and well-known signature products.
  • Latin America (excluding Brazil) and the Caribbean. As master franchisee, Telepizza Group will oversee Pizza Hut franchisees who will continue to operate Pizza Hut stores in Latin America (excluding Brazil) and the Caribbean.  Telepizza Group will also progressively convert its existing stores in this region to Pizza Huts and leverage Pizza Hut’s brand awareness to accelerate store network expansion and boost entry into key growth markets.
  • Unit Development Growth. Across the regions covered in the alliance, Telepizza Group will target opening at least 1,300 new stores over the next 10 years, and 2,550 stores total over 20 years. The vast majority of the new store openings will be Pizza Hut, including all stores in Latin America and the Caribbean.
  • Supply Chain: Telepizza Group will manage Pizza Hut’s supply chain in Latin America (excluding Brazil), the Caribbean, Spain (including Andorra), Portugal and Switzerland and will become an authorized supplier of Pizza Hut establishments. Both groups will explore further possibilities of collaboration in this field worldwide.

Completion of the alliance will be subject to certain conditions, including regulatory approvals and approval by Telepizza Group shareholders.

Impact to Telepizza

The alliance will nearly double Telepizza Group’s store portfolio to more than 2,500 units and €1.1 billion (1.3 Bn $) in system sales, making the company present in 37 countries with more than 500 million potential consumers. Telepizza Group will leverage its strong operational capabilities to crystallize the significant industrial synergies resulting from the combined platform, and will also benefit from its enlarged footprint to accelerate its international growth expansion. All this will be achieved without impacting Telepizza Group’s leverage profile nor its dividend policy and preserving Telepizza Group’s commitment with its current network of franchisees, targeting €100 million (120 M $) EBITDA by 2021.

Impact to Pizza Hut

This landmark deal moves Pizza Hut to the number one position in the category across Latin America and the Caribbean in terms of unit count. Across all the markets covered in the alliance, Telepizza Group will oversee nearly 1,000 Pizza Huts and contribute nearly 1,500 of its stores to Pizza Hut’s global unit count.  Pizza Hut International franchisees in these regions will continue to operate their businesses, under the management of Telepizza as a Pizza Hut master franchisee.  This strategic deal is a long-term initiative by Pizza Hut expected to result in accelerated unit development and operating profit growth on what will be a combined initial unit count of nearly 2,500 stores. The transaction is not expected to have a significant impact on Yum! Brands’ core operating results or cash flows over the next few years.

About Pizza Hut

Pizza Hut, a subsidiary of Yum! Brands, Inc. (NYSE: YUM), has more restaurant locations in the world than any other pizza company. Founded in 1958 in Wichita, Kan., Pizza Hut operates nearly 17,000 restaurants in more than 100 countries. For more information, visit www.pizzahut.com.

About Telepizza

Telepizza Group, headquartered in Madrid, operates in 23 countries with Telepizza and Jeno’s Pizza brands, among others, and celebrates 30 years with over 60 million of pizzas delivered worldwide. The Company manages a total network of 1,607 stores including 441 owned stores and 1,166 franchisees and master franchisees (as of 31 December, 2017) and is the leading player by number of stores in Spain, Portugal, Chile and Colombia. Total sales in its network, including own stores, franchisees and master franchisees, recorded as chain sales, amounted €561.6 million euro in the 12 months ended December 31, 2017. Telepizza Group is listed in the Barcelona, Bilbao, Madrid and Valencia stock exchanges with its shares starting trading on April 27, 2016.

About Yum! Brands

Yum! Brands, Inc., based in Louisville, Kentucky, has over 45,000 restaurants in more than 135 countries and territories and is one of the Aon Hewitt Top Companies for Leaders in North America. In 2018, Yum! Brands was recognized as part of the inaugural Bloomberg Gender-Equality Index and ranked among the top 100 Best Corporate Citizens by Corporate Responsibility Magazine. In 2017, Yum! Brands was named to the Dow Jones Sustainability North America Index. The company’s restaurant brands – KFC, Pizza Hut and Taco Bell – are global leaders of the chicken, pizza and Mexican-style food categories. Worldwide, the Yum! Brands system opens over seven new restaurants per day on average, making it a leader in global retail development.

IMPORTANT INFORMATION

This communication does not constitute an offer to purchase, sell or exchange or the solicitation of an offer to purchase, sell or exchange any securities. The shares of TELEPIZZA GROUP may not be offered or sold in the United States of America except pursuant to an effective registration statement under the Securities Act or pursuant to a valid exemption from registration.

This communication contains forward-looking information and statements about TELEPIZZA GROUP, including financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, capital expenditures, synergies, products and services, and statements regarding future performance. Forward-looking statements are statements that are not historical facts and are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates” and similar expressions.

Although TELEPIZZA GROUP believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of TELEPIZZA GROUP shares are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of TELEPIZZA GROUP, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified in the documents sent by TELEPIZZA GROUP to the Comisión Nacional del Mercado de Valores.

Forward-looking statements are not guarantees of future performance. They have not been reviewed by the auditors of TELEPIZZA GROUP. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date they were made. All oral or written forward-looking statements hereby made or otherwise attributable to TELEPIZZA GROUP or any of its members, directors, officers, employees or any persons acting on its behalf are expressly qualified on its entirety by the cautionary statement above. All the forward-looking statements included herein are based on information available to TELEPIZZA GROUP on the date hereof. Except as required by applicable law, TELEPIZZA GROUP does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

FORWARD-LOOKING STATEMENTS

This announcement may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as “expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,” “plan,” “estimate,” “target,” “predict,” “likely,” “seek,” “project,” “model,” “ongoing,” “will,” “should,” “forecast,” “outlook,” “new store opening goals” or similar terminology. These statements are based on and reflect our current expectations, estimates, assumptions and/ or projections, our perception of historical trends and current conditions, as well as other factors that we believe are appropriate and reasonable under the circumstances. Forward-looking statements are neither predictions nor guarantees of future events, circumstances or performance and are inherently subject to known and unknown risks, uncertainties and assumptions that could cause our actual results to differ materially from those indicated by those statements. There can be no assurance that our expectations, estimates, assumptions and/or projections, including with respect to the future earnings and performance or capital structure of Yum! Brands, will prove to be correct or that any of our expectations, estimates or projections will be achieved.

Numerous factors could cause our actual results and events to differ materially from those expressed or implied by forward-looking statements, including, without limitation: food safety and food borne-illness issues; health concerns arising from outbreaks of viruses or other diseases; the success of our franchisees and licensees, and the success of our transformation initiatives, including our refranchising strategy; our significant exposure to the Chinese market; changes in economic and political conditions in countries and territories outside of the U.S. where we operate; our ability to protect the integrity and security of individually identifiable data of our customers and employees; our increasing dependence on digital commerce platforms and information technology systems; the impact of social media; our ability to secure and maintain distribution and adequate supply to our restaurants; the success of our development strategy in emerging markets; changes in commodity, labor and other operating costs; pending or future litigation and legal claims or proceedings; changes in or noncompliance with government regulations, including labor standards and anti-bribery or anti-corruption laws; recent Tax Legislation (defined below) and other tax matters, including disagreements with taxing authorities; consumer preferences and perceptions of our brands; changes in consumer discretionary spending and general economic conditions; competition within the retail food industry; and risks relating to our significant amount of indebtedness. In addition, other risks and uncertainties not presently known to us or that we currently believe to be immaterial could affect the accuracy of any such forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty.

Information regarding the impact of the Tax Cuts and Jobs Act of 2017 (”Tax Legislation”) consists of preliminary estimates which are forward-looking statements and are subject to change. Information regarding the impact of Tax Legislation is based on our current calculations, as well our current interpretations, assumptions and expectations relating to Tax Legislation, which are subject to further ongoing change.

The forward-looking statements included in this announcement are only made as of the date of this announcement and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances.

Milind Pant, President, Pizza Hut International and Pablo Juantegui Executive Chairman and Chief Executive Officer, Telepizza Group

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