Monthly Archives: April 2018

VistaJet Consolidates Its Global Leading Position and Grows 22% in 2017

The global aviation company is well placed to seize even larger market share in 2018

Key highlights for full year ending 31 December 2017:

  • Flight revenue up 22%
  • EBITDA up 28%
  • Particularly strong results in U.S. with flight hours up 39%

NEW YORK, April 30, 2018 (GLOBE NEWSWIRE) —  VistaJet today, after concluding its annual audit, announced its results for Fiscal Year 2017. The Company, with operations based in Malta, delivered another incredibly strong performance consolidating its leading position globally, with flight revenue rising by 22% driven by the continued popularity of its unique and compelling subscription business model, and the broader trends in the market. It also saw its EBITDA rise by 28% on the back of its scalable infrastructure and technological advantage. The performance is in line with the upward trajectory VistaJet has experienced since it was founded, recording year-on-year organic compounded revenue growth of over 18% between 2008 and 2017.

Due to its global platform, VistaJet’s diverse and broad customer base means that it is largely protected from political or economic uncertainty in any one market, and can benefit from positive economic results in each region. This was further demonstrated in 2017, as VistaJet saw growth in flight hours in all of its core markets, significant outperforming the overall market place. THE U.S. spearheaded this expansion, with +39% growth.

VistaJet continues to be the only business in the sector to offer a complete global portfolio of flight solutions, thanks to its Program, Direct and On Demand services*. This comprehensive product offering allows the company to offer tailorded solutions to each and every business jet user, anywhere, anytime, globally.

Thomas Flohr, VistaJet’s Founder and Chairman, said:
“2017 has been another record year. Along with taking market share from full and fractional ownership in all the core markets, including the largest market in the world – the U.S., we reinforced our position as the brand of choice for the world’s leading business leaders and entrepreneurs. In the last twelve months, we have flown more Chief Executives and Chairmen to more destinations than we ever have before.

Our strategy, both in terms of geography and services, is working. We continue to see sustainable growth across our business, and retain the ability to adapt our offer to meet demand in every region. It’s particularly pleasing to see our entire portfolio of flight solutions reporting growth last year.

We head into 2018 in a fantastic position. Our unique fleet and technology platform ideally places us to lead the market and seize any new opportunities. We are committed to becoming the No.1 player in every market in which we operate, and we are on course to make fast progress towards that goal over the next twelve months.”

Market conditions
The market as a whole has proved resilient over the past decade, recording consistent single-digit growth. This trend continued in 2017, as the global market grew by 5%, aircraft utilization has returned to levels not seen since the recession, and the number of hours is now at its highest level since 2008.

In addition, there are a number of macrotrends supporting VistaJet’s position in the market palce. A strong move away from asset ownership is now fully in force on every continent. Furthermore, the competitive global economic landscape demands business jets to be available anywhere at a moment’s notice.

2018 Outlook
VistaJet is ideally placed for further long-term, sustainable growth. VistaJet one of the most technologically integrated companies in business aviation, providing customers with a seamless experience. The Company’s proprietary infrastructure also allows VistaJet to scale the business much further and in the most cost effective way for its clients.

* VistaJet offers a complete portfolio of flight solutions – Program, Direct and On Demand:

  • Program: VistaJet’s Program is the flight-hour subscription plan tailored around each corporation or individual’s flying requirements, offering guaranteed access to the entire fleet, anytime and anywhere in the world.
  • Direct: The fastest way to start flying VistaJet. Customers can request a flight directly through the VistaJet app and the 24/7 sales team. Direct also grants access to preferential rates on empty legs and one-way flights, based on aircraft availability.
  • On Demand: For discerning travelers who fly occasionally, VistaJet offers ad hoc flights based on availability.

VistaJet Press Contact:
Jennifer Farquhar | M: +44 7834 335505 | jennifer.farquhar@vistajet.com

About VistaJet
VistaJet is the first and only global aviation company. On its fleet of over 70 silver and red business jets, VistaJet has flown corporations, governments and private clients to 187 countries, covering 96% of the world. Founded in 2004 by Thomas Flohr, the company pioneered an innovative business model where customers have access to an entire fleet whilst paying only for the hours they fly, free of the responsibilities and asset risks linked to aircraft ownership. VistaJet’s signature Program membership offers customers a bespoke subscription of flight hours on its fleet of mid and long-range jets, to fly them anytime, anywhere. Customers can also request Direct one-off flights through the industry’s first end-to-end booking app or a 24/7 global team.

More VistaJet information and news at vistajet.com

A photo accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/a1294a76-d325-481b-af56-a2a69fb795cf

DealCloud and PitchBook Form Data Partnership, and Announce Integration with DealCloud DataCortex

Integration of PitchBook data into DataCortex will provide DealCloud clients with access to verified private and public capital markets data to augment proprietary data to fuel stronger market coverage.

NEW YORK, April 30, 2018 (GLOBE NEWSWIRE) — DealCloud, a technology leader for CRM and deal management in the private capital markets, and PitchBook, the premier data provider for the private and public equity markets, announce today a strategic partnership to integrate PitchBook data within the DealCloud DataCortex.

With the launch of this partnership, DealCloud clients can now search and query PitchBook’s data sets directly from within the DealCloud platform, including hard-to-find financial data on private and public companies, investors, funds, limited partners and service providers. PitchBook’s data – which is captured by web crawlers, machine learning technology and verified by specialized data teams – is increasingly sought after by the institutional investment community to make informed investment and business decisions.

“To meet the demands of the competitive climate, today’s dealmakers must have powerful and easily accessible data in their toolkit,” says DealCloud Chief Operating Officer Lokesh Seth about the integration. “This partnership with PitchBook will allow private capital markets professionals to have a more centralized location for all of their data and will be the fuel behind more meaningful analytics.”

Over 400 principal investing firms, investment banks, and operating companies rely on DealCloud’s vertical customer relationship management (CRM) technology for storage of proprietary data, deal sourcing, origination and deal management. DealCloud customers can now leverage data from many leading industry providers, including PitchBook, in DealCloud’s business intelligence platform and mobile applications, with custom workflows and notifications for immediate actions.

“In today’s private capital market, with well over $1 trillion in committed capital sitting in the coffers of private equity and venture capital funds worldwide, the ability to gather and make sense of data as quickly and as accurately as possible is table stakes,” said Steve Carver, managing director of strategic initiatives at PitchBook. “Our data, combined with DealCloud’s technologies and tools will allow customers to achieve stronger market coverage and to execute more effectively on their business development initiatives.”

About DealCloud, Inc.

DealCloud is a pioneer in M&A Software. The Company was formed in 2010 by a team of former deal professionals with deep knowledge of the private capital markets. DealCloud is now a global leader in providing deal management, workflow, and technology solutions to all participants in the private capital markets, including private equity and growth capital firms, sell-side banks, publicly traded companies, and debt capital investors. DealCloud is well known for its customer service, takes great pride in the delivery of its configurable SaaS platform, and values the strength of its relationships with clients. The DealCloud team understands the pace of deal execution and is committed to working at the same cadence as its clients to deliver fast and accurate outcomes.

For more information, please visit www.dealcloud.com.

About PitchBook

PitchBook is a financial data and software company that provides transparency into the private and public capital markets to help professionals discover and execute opportunities with confidence and efficiency. PitchBook collects and analyzes detailed data on the entire venture capital, private equity and M&A landscape—including public and private companies, investors, funds, investments, exits and people. The company’s data and analysis are available through the PitchBook Platform, industry news and in-depth reports. Founded in 2007, PitchBook has offices in Seattle, San Francisco, New York and London and serves nearly 15,000 professionals around the world. In 2016, Morningstar acquired PitchBook, which now operates as an independent subsidiary. For more information, please visit www.pitchbook.com.

Contact: Sarah Goldfuss
Email: sgoldfuss@dealcloud.com

Black & Veatch’s PRICO® Technology to Play Critical Role in FLNG, Enabling BP Field Development Work in Greater Tortue/Ahmeyin

Golar Returns to Black & Veatch and Keppel Shipyard to convert third LNG vessel and develop FLNG in West Africa, expanding global reach

OVERLAND PARK, Kan., April 30, 2018 (GLOBE NEWSWIRE) — Black & Veatch’s patented PRICO® technology and engineering and procurement capabilities are expected to play another major role in floating liquefied natural gas (FLNG) technology, this time for BP’s field development in West Africa. Known for its competitive performance in FLNG developments, Black & Veatch is teaming with Keppel Shipyard Limited (Keppel Shipyard) to convert a liquefied natural gas (LNG) carrier, the Gimi, into a floating liquefaction facility.

This project continues the close partnership between Keppel Shipyard and Golar LNG (Golar). Black & Veatch has grown its relationship with Golar since 2011, going from concept to front-end design to design and delivery of FLNG vessel conversions. In 2014, Golar awarded the EPC contract to Keppel Shipyard and Black & Veatch to convert the Hilli Episeyo, a 125,000 cubic meter LNG carrier, to an FLNGV.

FLNG solutions can be a cost-effective and faster-delivering alternative to traditional onshore facilities, which is particularly crucial in natural gas’ current low-price environment. Successful commissioning of the FLNG Hilli Episeyo offshore Cameroon will also support market confidence in converted FLNG solutions.

“This partnership with Golar and Keppel is a direct reflection of the industry experience, leadership and value that Black & Veatch brings to complex offshore conversion projects. FLNG can help fill the world’s growing demand for energy by offering a faster, more cost-effective solution,” said Bob Germinder, Black & Veatch Senior Vice President and Managing Director of Floating Oil & Gas Solutions.

“Black & Veatch’s PRICO® technology continues to allow us to provide competitive liquefaction solutions to our clients who are looking to develop and monetize their natural gas assets,” said Iain Ross, Golar CEO.

BP holds a majority interest and operatorship in the Greater Tortue/Ahmeyin project development located offshore of Mauritania and Senegal. Proceeding with front end engineering and design (FEED) on the provision of the Gimi FLNG vessel will support Phase 1A of BP’s development plans for the region, which also includes development of a floating production storage and offloading (FPSO) unit. The vessel conversion is contingent on Project FID by BP, expected end 2018.

The work scope for Keppel Shipyard and Black & Veatch to convert the Gimi is similar to that of the Golar Hilli Episeyo. Black & Veatch will provide its licensed PRICO® liquefaction technology and global engineering and procurement capabilities while Keppel Shipyard will provide the marine systems and all of the conversion-related construction services.

Editor’s Notes:

  • The GIMI is a 125,000 cubic meter LNG carrier.
  • The GIMI conversion will be built to relevant marine classification society rules and regulations.
  • Black & Veatch has a record of reliable performance with 25 plants around the world featuring PRICO® technology.
  • PRICO® is an innovative process to liquefy natural gas, making it available for transport via ocean tanker or truck. The process uses a single-mixed refrigerant loop for natural gas liquefaction. The process provides several key advantages, including:
    • A simplified refrigeration system that requires minimal equipment and a compact process that makes it ideal for offshore liquefaction
    • Low capital and operating expenditure
    • Simplified control and maintenance.

About Black & Veatch

Black & Veatch is an employee-owned, global leader in building critical human infrastructure in Energy, Water, Telecommunications and Government Services. Since 1915, we have helped our clients improve the lives of people in over 100 countries through consulting, engineering, construction, operations and program management. Our revenues in 2017 were US$3.4 billion. Follow us on www.bv.com and in social media.

About Keppel Shipyard

Keppel Shipyard is a subsidiary of Keppel Offshore & Marine (Keppel O&M), a wholly-owned company of Keppel Corporation. Keppel Shipyard is the trusted industry name for the repair, conversion and upgrading of a diverse range of vessels, and a global leader in the conversion of Floating Production Storage and Offloading (FPSO), Floating Storage and Offloading (FSO) and Floating Storage and Re-gasification Units (FSRU), as well as the fabrication and installation of turrets and mooring systems, and topside process modules. As a group, Keppel O&M is also a global leader in offshore rig design, construction and repair, and specialized shipbuilding. Its near market, near customer strategy is bolstered by a global network of yards and offices in 15 countries across the Asia Pacific, Gulf of Mexico, Brazil, the Caspian Sea, Middle East and the North Sea regions. Integrating the experience and expertise of its yards worldwide, Keppel O&M aims to be the provider of choice and partner for solutions for the offshore and marine industry. For more information, please visit www.keppelom.com

About Golar LNG

With over 40 years of experience, Golar is a leading independent owner and operator of LNG carriers and FSRUs, and a pioneer developer of FLNG vessels.For more information, please visit www.golarlng.com.

Media Contact Information:

MELINA VISSAT | +1 303-256-4065 P | +1 617-595-8009 M | VissatM@BV.com

24-HOUR MEDIA HOTLINE | +1 866-496-9149

Secretary Pompeo To Deliver Remarks to State Department Employees

U.S. Secretary of State Mike Pompeo will address State Department employees upon arrival at the State Department on Tuesday, May 1, at 1:15 p.m. in the C Street Lobby.

Secretary Pompeo’s remarks will be open to the press.

Preset for video cameras: 11:30 a.m. from the C Street Entrance.

Final access for writers and still photographers: 12:30 p.m. from the C Street Entrance.

Secretary Pompeo’s remarks will be streamed live on www.state.gov and https://www.facebook.com/usdos. Follow @StateDept for more information and for live tweets from the event.

Media representatives may attend this event upon presentation of one of the following: (1) A U.S. Government-issued identification card (Department of State, White House, Congress, Department of Defense or Foreign Press Center), (2) a media-issued photo identification card, or (3) a letter from their employer on letterhead verifying their employment as a journalist, accompanied by an official photo identification card (driver’s license, passport).

Source: U.S. Department of State

Top Five Lao Young Designers Showcase Creative Works

Top five Lao young designers have showcased their talents and creative works at the Lao Young fashion show night in Vientiane on Apr 28, 2018.

The fashion show features the top five of each year’s Lao Young designers who made it top five list between 2015 and 2017 including Mr Billy Si-amphanq Chanthavichit (winner of Lao Yang Designer 2015) , Mr Viseth Sithilath (2016) and Mr Khampoun Sengpakay (Runner-up of Lao Young designer 2016) and Mr Viseth Sitholath who came back from their 6-month course in ESMOD International School of Fashion and Business in Paris, France.

Mr Khamampoun Sengpakay who came back from the 2-month apprentice with leading fashion designers in Bangkok, Thailand. Lao Young Designers Night Fashion Show organized by Lao Young Designers Project at the Fountain Square of Vientiane Capital and open to general public without any fee.

The fashion show aims to generate awareness for Lao Young Designers Project as well as to show general public the talents and abilities of Lao Youngs who are nothing less than other young talents in the international level, said Ms Pany Saignavong, President of the Lao Fashion Week and Young Designers Project.

The Lao Young Designers Night is sponsored by Ministry of Silk, Lao Brewery Group, Mevius, Banquet Franco-Lao, Crowne Plaza Vientiane, SilkAir Singapore Airlines, Namphou Park and Shining Star Schwarzkopf.

Lao Young Designers Project, a non-profit programmer of Lao Fashion Week to showcase the talents and creative works of leading Loa Young Designers.

Source: Lao News Agency

Vietnam Share Experiences In Taking Votes Of Confidence With Laos

Vietnam shared experiences with Laos in casting votes of confidence on persons holding positions elected or ratified by the National Assembly or the provincial People’s Councils at a seminar in Vientiane on Apr 24.

The event was attended by President of the National Assembly Pany Yathortou and President of the Lao Front for National Development Xaysomphone Phomvihane, among others.

Vice Chairman of the Lao National Assembly Somphan Phengkhammy welcomed the high-level delegation from the National Assembly of Vietnam led by Vice Chairwoman Tong Thi Phong to participate in the seminar as part of its official visit to Laos from Apr 23-25.

He said Vietnam’s experiences in conducting votes of confidence are very important to Laos as the country still lacks theory and practice in this field.

It also suits the demand of the Lao National Assembly and People’s Councils at municipal and provincial levels and is expected to create a foundation for Laos to build a law and enforce it in the coming time, he added.

For her part, Vietnam’s NA Vice Chairwoman Tong Thi Phong said the seminar not only demonstrates the two countries’ political trust but also the great attention of the two parliaments to national important issues.

Taking votes of confidence aims to assess the level of credit on persons holding positions elected or ratified by the NA or People’s Councils and improve the efficiency of supervision over officials, she added.

Head of the Vietnamese NA Committee for Deputy Affairs Tran Van Tuy presented the procedures to take votes of confidence in Vietnam while Vietnamese NA General Secretary and Head of the NA’s Office Nguyen Hanh Phuc shared information to serve the conduction of votes of confidence at the legislature.

Source: Lao News Agency

State Department Announces 22nd Experience America Visit to Indianapolis, Indiana

The U.S. Department of State, and the Office of the Chief of Protocol, are proud to announce the 22nd Experience America trip to Indianapolis, Indiana, with members of the foreign Diplomatic Corps, May 6-8, 2018.

Over 30 foreign ambassadors � representing countries across four continents � will join Ambassador Sean P. Lawler, Chief of Protocol of the United States, to engage local business and community leaders and spotlight America’s heartland. Indianapolis has emerged on the world stage as a signature city for companies in information technology, automotive and advanced manufacturing, as well as biomedical and pharmaceutical research.

This visit will not only highlight the economic growth occurring throughout Indiana, but also provide countless opportunities to create new global partnerships and boost trade and investment.

Sunday, May 6th � 6:30 p.m. Welcome Reception at the National Collegiate Athletic Association (NCAA) Headquarters, Hall of Champions � An opportunity for the foreign ambassadors to meet and interact with Indianapolis’s top academic and cultural leaders. Event will feature remarks by representatives of Indiana, Ambassador Lawler and officials from the NCAA.

Monday, May 7th � 8:15 a.m. In Conversation with Indiana University � This event will feature a discussion about the newly established Center for Rural Engagement at Indiana University-Bloomington illustrating how IU is connecting its broad resources with community projects and partnerships to address challenges and opportunities across southwest central Indiana. The conversation will highlight how the center’s various initiatives will improve the lives of people living across the region, and illustrate how university-led collaboration can create unique solutions to complex challenges common to rural communities all around the nation.

Monday, May 7th � 12:30 a.m. Manufacturing Plant Tour at the Cummins Midrange Engine Plant � Diplomats will witness the latest in how technology shapes the future of manufacturing at the Cummins Midrange Engine Plant (CMEP). Cummins is a global power and technology leader in the design and manufacture of a variety of power solutions including clean diesel and near-zero natural gas engines. At CMEP, Cummins will highlight the latest in advanced manufacturing and automation, and spotlight how leading manufacturing capabilities and a dynamic workforce power local economic growth and contribute to the creation of vibrant communities.

Monday, May 7th � 5:30 p.m. Community Reception at the Cummins Indiana Distribution Headquarters � During an evening reception in downtown Indianapolis, Cummins executives and Board Members will host elected officials and community leaders from across Indiana to meet Ambassadors and discuss how businesses and governments drive global economic and job growth. Remarks by Ambassador Lawler, The Honorable Joe Hogsett, Mayor of Indianapolis and Cummins Chairman and CEO, Tom Linebarger.

Tuesday, May 8th � 8:15 a.m. Indianapolis-Region Business Breakfast � Diplomats will connect with the Indianapolis region’s business community through a breakfast hosted by the Indy Chamber. A panel discussion by executives will introduce key industries in the region and their ties to international commerce, as well as opportunities to build global business connections within and among the region.

Other closed-press events include a tour of the The Dallara IndyCar Factory and the Indianapolis Motor Speedway, a tour of Eli Lilly and Company’s headquarters facility and a demonstration of innovative methods Lilly is bringing to biotechnology research, and a visit to the Kennedy King Memorial

For more information and to RSVP for any event, please contact Tim Gowa at GowaTM@state.gov by Thursday, May 3.

Source: U.S. Department of State

Komet – Closing of the Third and Final Tranche of a Private Placement

QUEBEC CITY, April 27, 2018 (GLOBE NEWSWIRE) — Komet Resources Inc. (“Komet” or the “Company”) (TSX-V:KMT.V) is pleased to announce that it has closed a third and final tranche of a non-brokered private placement with accredited investors by issuing 2,310,043 units of the Company (“Units”) at a price of CA$0.37 per Unit, for total gross proceeds of CA$854,716 (the “Offering”). Each Unit consists of one common share of the Company (a “Common Share”) and one-half common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one additional Common Share of the Corporation at a price of CA$0.45 for 12 months from the closing date of the private placement.

Securities issued under the private placement will be subject to a four month hold period from the Closing Date.

Important facts for this Offering, Top Premier SA and Dynamics Management SA have participated and we are pleased to have 2 new investors from Burkina Faso. Komet will use the private placement proceeds to accelerate exploration of their properties in Burkina Faso and Mali.

In connection to this Offering, Komet has paid a finder’s fee of CA$2,960 and issued 8,000 finder’s warrants (“Finder’s Warrants”). Each Finder’s Warrant entitles the holder to purchase one additional Common Share of the Corporation at a price of CA$0.45 for 12 months from the closing date of the private placement.

The private placement was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange.

As a result of the private placement, 73,481,385 common shares of Komet are issued and outstanding.

More information about the corporation is available at: http://kometgold.com.

Investors relations and information: André Gagné, President and CEO 581-300-1666 / a.gagne@kometgold.com / Skype: andregagne11

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains statements that may constitute “forward-looking information” or “forward-looking statements” as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Komet’s control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated resources, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet. The forward-looking information is based on the estimates and opinions of Komet’s management at the time of the publication of the information and Komet does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.