Daily Archives: July 11, 2018

VistaJet Operates Record Number of Flights as Members Increase by 32% in First Half of 2018

Key highlights for half year ending 30 June 2018:

  • New Program members up 32%
  • Flight revenue up 27%
  • Flight hours increase 27%
  • North America accounts for 25% of global flights
  • Service excellence drives Member renewals up 33%

LONDON, July 11, 2018 (GLOBE NEWSWIRE) —  VistaJet, the first and only global business aviation company, continued to gain substantial market share around the world during the first half of 2018. Driven by the sustained demand for the Company’s flagship Program subscription model, new Members rose by 32% year-on-year, with Europe doubling the number of new contracts against the same period last year. Renewal hours recorded a growth of 33%, propelled by the Company’s focus on service excellence.VistaJet Global 6000

Adding to its renowned global coverage and unique flight-hour subscription model, in 2018 VistaJet has further invested on service innovation for its passengers. The new Program offering, designed around VistaJet customers’ passions, encompassed key partnerships with world leading art and sport partners such as Christie’s and British Polo Day, as well as the launch of the most extensive traveler’s program for children in private aviation.

Unparalleled service, a global fleet of 72 identically branded aircraft and a diverse and broad customer base has allowed VistaJet to capture increasing demand from each region of the world. In the first half of 2018 the Company saw growth in flight revenue, flight hours and number of flights by 27%. North America spearheaded this expansion, accounting for 25% of total global hours flown.

Global passenger numbers also increased and in the 1H 2018 VistaJet flew over 30,000 clients around the world, a 23% growth against the same period last year. Average flight times rose, as demand for longer, intercontinental routes intensified – a trend expected to increase further over the second half of the year.

Today’s results yet again demonstrate the global shift in flying preferences for individuals and corporations, who are moving away from aircraft ownership as they look to reduce flight costs and asset risks, without compromising on the convenience, benefits and comfort of business aviation. With an equity valuation in excess of $2.5 billion, establishing the Company as Malta’s first unicorn and fifth in Europe, VistaJet is well positioned to take even more market share by offering global coverage, consistent unparalleled quality and maximum efficiency.

Thomas Flohr, VistaJet’s Founder and Chairman, said:
“2017 was our strongest ever year and we started 2018 with an impressive acceleration. We continue to see sustainable growth across our business and retain the ability to adapt our offer to meet demand in every region around the globe. Our unique fleet and technology platform ideally places us to lead the market and seize new opportunities. We are committed to becoming the number one player in every market in which we operate, and we are on course to progress quickly towards our goal over the remainder of the year.”

* Statements in this release are based solely upon information available as of the date of this release, are not a comprehensive statement of the Company´s financial results or positions as of or for the 2018 half year, and have not been audited, reviewed, or compiled by independent registered accounting firm. Therefore, the financial information in this release is preliminary, unaudited and subject to revision upon completion of the Company’s closing and audit processes. The Company assumes no obligation to update any information contained herein, save for any information required to be disclosed by law.

Information :
Jennifer Farquhar | VistaJet | T: +44 203 617 3077 | 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://www.globenewswire.com/NewsRoom/AttachmentNg/3db3418c-1290-46ee-a2a8-42cdbcde9a83

TokenPay and Litecoin Announce an Extensive Crypto Strategic Partnership

Litecoin Foundation acquires 9.9% of Germany’s WEG Bank and agrees to provide its world-class technology and marketing expertise to TokenPay and its several blockchain initiatives, including:

  • TPAY Cryptocurrency
  • eFin Decentralized Exchange (DEX)
  • TokenSuisse Asset Management
  • WEG Bank FinTech Platform
  • Multisignature Transaction Engine

LUCERNE, Switzerland, July 10, 2018 (GLOBE NEWSWIRE) — Recently, TokenPay Swiss AG announced its partnership with WEG Bank in Germany. Under the terms of the previously announced deal, TokenPay acquired 9.9% of the bank along with options to purchase approximately 90% overall of the bank pending the customary regulatory approval. Today, this 9.9% stake in WEGBank was further transacted to the benefit of Litecoin Foundation in exchange for a broad and comprehensive marketing and technology service agreement to benefit TokenPay and its related cryptocurrency and business operations. As a result of this partnership, TokenPay and Litecoin combine as a leading force in creating and delivering to the market modern consumer-driven crypto FinTech solutions.

Specifically, TokenPay will directly benefit from Litecoin’s high-level blockchain mechanization capabilities. The partnership will focus on several key areas that have been identified by analysts as critical to the success of the enterprise. This includes, but is not limited to, the TPAY cryptocurrency and its vital blockchain, eFin decentralized exchange (DEX) and the EFIN coin, TokenSuisse asset management and structured financial products, WEG Bank FinTech platform including high demand consumer debit cards and the TokenPay Multisignature Transaction Engine designed for processing fast and secure crypto e-commerce payments for merchants.

Furthermore, at the same time, TokenPay has acquired an additional 9.9% of WEG Bank. It is essential to understand that under German banking law no entity can own more than 9.9% of a bank without regulatory approval. Upon the granting of the approval, TokenPay plans to exercise its options to acquire the remaining shares of WEG Bank it is entitled to purchase. With the prominent addition of Litecoin as a strategic marketing, blockchain technology, and logistics partner in WEG Bank and its long-standing partnership with Verge Currency, TokenPay conservatively anticipates adding several hundred thousand customers to its debit card solutions platform in the near term. Accordingly, the technical expertise provided by Litecoin will be a tremendous benefit to the establishment of comprehensive automation guidelines and standards employed by the bank as it explores new market opportunities.

Charlie Lee, Managing Director of the Litecoin Foundation, stated, “This partnership is a huge win-win for both Litecoin and TokenPay. I’m looking forward to integrating Litecoin with the WEG Bank AG and all the various services it has to offer, to make it simple for anyone to buy and use Litecoin. I’m also excited about Litecoin’s support in TokenPay’s eFin decentralized exchange.”

Matthias von Hauff, founder, and CEO of WEG Bank AG added: “The partnership with innovative institutions such as TokenPay and Litecoin might at first come unexpectedly for a very conservative institution like us. But we have thoroughly and diligently examined the prospects of a common future, and we became convinced that the future of banking will make adoption of such modern payment methods inevitable. We are therefore proud to have teamed up with the best in the field.”

Prof. Dr. Jorg E. Wilhelm, Head of Supervisory Board of TokenPay Swiss AG commented, “We are elated to be in the process of acquiring a large stake in a successful business bank based in Germany such as WEG. Our ecosystem consisting of the TPAY blockchain, WEG Bank, TokenSuisse and Litecoin Foundation provides us with a tremendous opportunity regarding merchant solutions, along with a strong and diverse customer base for our crypto debit card business. The tangible reality of bridging the gap between the old and new world is electrifying.”

TokenPay Swiss AG
TokenPay Swiss AG is a blockchain development company that incorporates Bitcoin cryptographic technology with advanced security and privacy features. TPAY is the world’s most secure coin. It employs an advanced proof-of-stake algorithm, Tor IP blocking and it is the feature cryptocurrency deployed in the robust TokenPay Multisignature Transaction Engine e-commerce merchant processing platform. TokenPay has an extensive financial ecosystem that includes key stakes in banking and asset management firms.

Litecoin Foundation
The Litecoin Foundation is a Singapore-based non-profit organization created to advance Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies. Litecoin was created by Charlie Lee in 2011 as a transaction-friendly cryptocurrency. It is commonly thought of as the “silver” to Bitcoin’s gold and has key technical differences that make it superior to Bitcoin for payments due to its faster transaction speeds and lower fees.

WEG Bank AG
WEG Bank was founded in 2015 and is the second bank started by CEO Matthias von Hauff. It is a thriving, market-leading German institution known throughout the industry as a market leader in the real estate renovation and modernization projects market. WEG Bank plans to create a new division, which will not disrupt the current one, that will enable consumers and merchants to integrate FinTech and blockchain technology and services.

Press and Media inquiries:

Derek Capo
CEO of TokenPay
team@tokenpay.com
+13057672101

High-Performing Texas Brewer Four Corners Brewing Co. Joins Constellation Brands

VICTOR, N.Y., July 10, 2018 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE:STZ) (NYSE:STZ.B), a leading beverage alcohol company, announced today its purchase of Four Corners Brewing LLC (“Four Corners”), reinforcing its strategy to lead the high-end in the U.S. beer market. Grounded in Texas roots and heritage, this high-performing, dynamic and bicultural (Hispanic and American) brand produces beer that’s refreshing, big on flavor and complements Constellation’s existing portfolio. With flagship brands like Local Buzz Honey-Rye Golden Ale and El Chingón IPA, Four Corners  will join Constellation’s Craft & Specialty Beer Group.Four Corners Logo

Four Corners was founded in 2012 by longtime friends George Esquivel, Greg Leftwich and Steve Porcari, who set out to create a Dallas brewery that would elevate their hometown and revitalize their city’s neighborhoods. Four Corners brews an entire portfolio of authentic, delicious and sessionable beers accompanied by one-of-a-kind branding inspired by their Oak Cliff roots. Four Corners’ standard of brewing will remain unchanged because the existing management team made up of Esquivel, Leftwich and Porcari, along with their current employees, will continue delivering the same innovative and fresh flavors consumers enjoy today.

“We like to say that Four Corners Brewing is our collective beer journey, and partnering with Constellation continues that journey by opening amazing possibilities of where our brand and company can go,”said Four Corners co-founder George Esquivel. “We’re proud Texas brewers, and we’ve always had intent of sharing our brews and our story with as many people as possible. We know Constellation Brands is the right partner to help us do that.”

Sales have grown five-fold since 2014, and the brewery expanded capacity from 8,000 barrels in 2016 to 25,000 barrels in 2017. Four Corners has won multiple local awards in their short history for both brewing and branding. Most notably, the Four Corners team won D Magazine’s 2015 Editors’ Choice Award for Best Brewery. The brewery was also awarded top honors from The Dallas Society of Visual Communications in 2015 winning gold for packaging design and gold for Judge’s Choice.Four Corners Taps

“Four Corners brings a culture that mixes adventure and innovation with elements of heritage and tradition,” said President and Chief Operating Officer Bill Newlands, Constellation Brands. “It’s a compelling opportunity for Constellation because Four Corners’ bicultural inspired flavors and branding capitalize on one of the hottest trends in beer – Hispanic influenced products. George, Greg and Steve have created beers that are big on flavor, refreshing and pair well with bold Texas cuisine, while creating a brand that embraces and reflects the diversity of its people. We’re excited to help them take the brand further.”

Constellation Brands and Four Corners’ team of employees will work together, with its co-founders, running the day-to-day operations. Terms of the transaction were not disclosed.

About Four Corners Brewing Co.
Four Corners Brewing Company is a local Dallas business that creates and distributes an entire portfolio of unique, delicious beers accompanied by one-of-a-kind branding inspired by their Dallas roots. Four Corners was founded in 2012 by George Esquivel, Greg Leftwich, and Steve Porcari after the three met during a local homebrewer competition in Dallas, TX. Four Corners has won multiple awards in their short history for both brewing and branding.

Forward-Looking Statements

This news release contains forward-looking statements.  The word “expect” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.  These statements may relate to business strategy, future operations, prospects, plans and objectives of management, as well as information concerning expected actions of third parties.  All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements.  All forward-looking statements speak only as of the date of this news release.  Constellation Brands undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.FCBC-Pint4

In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties disclosed from time-to-time in Constellation Brands, Inc.’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 28, 2018, which could cause actual future performance to differ from current expectations.

About Constellation Brands
Constellation Brands (NYSE:STZ) (NYSE:STZ.B), a Fortune 500® company, is a leading international producer and marketer of beer, wine and spirits with operations in the U.S., Mexico, New Zealand, Italy and Canada. Constellation is the No. 3 beer company in the U.S. with high-end, iconic imported brands such as Corona Extra, Corona Light, Modelo Especial, Modelo Negra and Pacifico. The company’s beer portfolio also includes Ballast Point, one of the most awarded craft brewers in the U.S., and Funky Buddha Brewery. In addition, Constellation is the world leader in premium wine, selling great brands that people love, including Robert Mondavi, Clos du Bois, Kim Crawford, Meiomi, Mark West, Black Box, Ruffino and The Prisoner. The company’s premium spirits brands include SVEDKA Vodka, Casa Noble Tequila and High West Whiskey.

Based in Victor, N.Y., the company believes that industry leadership involves a commitment to brand building, our trade partners, the environment, our investors and to consumers around the world who choose our products when celebrating big moments or enjoying quiet ones. Founded in 1945, Constellation has grown to become a significant player in the beverage alcohol industry with more than 100 brands in its portfolio; about 40 wineries, breweries and distilleries; and approximately 10,000 talented employees. We express our company vision: to elevate life with every glass raised.

To learn more, follow us on Twitter @cbrands and visit www.cbrands.com.

MEDIA CONTACTS INVESTOR RELATIONS CONTACTS
Mike McGrew 773-251-4934  |  Amy Martin 585-678-7141
Four Corners | George Esquivel 469-236-8728
Patty Yahn-Urlaub 585-678-7483  |  Bob Czudak 585-678-7170

Photos accompanying this announcement are available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/1416b3ac-2f1b-4037-b0b3-ffdb63fe6c5f

http://www.globenewswire.com/NewsRoom/AttachmentNg/5678c1e3-3387-41ec-a259-0cc61c027b5c

http://www.globenewswire.com/NewsRoom/AttachmentNg/d0d17ec3-d368-411d-8516-bc608bab6773

A PDF accompanying this announcement is available at:
http://resource.globenewswire.com/Resource/Download/4f220932-d49b-4126-896a-856e4f3bf187

Catapult Launches Groundbreaking New Version to Leading Quote Management System

QMS 5.0 offers capabilities including mobile interface, multimodal rate management, and flexible quoting process for customers

LENEXA, Kan., July 10, 2018 (GLOBE NEWSWIRE) — Catapult, an Accelya Group Company and creator of the most accurate freight rate and freight quote management system on the market, is pleased to announce the launch of CATAPULT QMS 5.0, a brand new version of their flagship product.

QMS 5.0 builds upon the strengths of past achievements which include high-accuracy rates, complete and flexible surcharge capture, and control over visibility and margin management, but with several exciting changes that will alter the state of the industry.

Many industry experts, including CEO Virgil Ferreria, have collaborated to ensure QMS 5.0 is designed around an increasingly younger and more digitized workforce.  Users will be introduced to a beautiful and intuitive interface that is fully-responsive across all devices. This is significant in that pricing managers and sales reps can now access QMS anytime, anywhere, making Catapult the first in its class to offer such capabilities in freight management.

With the end-to-end freight contract, rate, and quote process as Catapult’s focus, QMS 5.0 links air, ocean, rail, and road buy-and-sell rates together for freight forwarders’ end clients. The new quoting screen encourages users to “shop” for rates by carrier, link multiple legs and modes, and create new spot rates all in the same place.  Further, you can customize a quote sheet that is specific to your company, all in an environment that speeds up your response to end-customers, and does so more accurately.

Throughout the past 18 months, Catapult Systems Analyst Chris Dillard traveled the globe, previewing QMS 5.0 framework to existing Catapult clients and potential users alike to gauge feedback and get to the heart of the customer’s needs. In turn, many of those recommendations were incorporated into the final product being launched today.

“We are in the business of technology, but rely heavily on customer interactions and direct feedback to provide the most efficient and positive outcomes for our users,” said Virgil Ferreria, Catapult CEO. “Many of the features of Catapult’s new interface are based on that input. We are thrilled to roll out QMS 5.0 and effectively change the rate management to quoting process in the freight management market as we know it.”

QMS 5.0 is available now to media outlets for preview. We invite you to discover Catapult’s new user interface that is bringing the most tech-advanced freight management solution on the planet to our customers and the industry.

Catapult, an Accelya Group Company, was built on a simple idea – global freight rate management and getting an accurate quote shouldn’t be so difficult. We have offices in Asia, Europe, and the United States. Our future is bright, and our plans are focused on building more and better shipping lifecycle solutions to support logistics operations around the world. Learn more at www.gocatapult.com.

CONTACT
Marla Zwinggi
media@gocatapult.com
1-440-724-9683

Secretary Pompeo To Host First-Ever Ministerial To Advance Religious Freedom

From July 24-26, U.S. Secretary of State Michael R. Pompeo will host the first-ever Ministerial to Advance Religious Freedom at the U.S. Department of State in Washington, DC. The Ministerial will convene government officials, representatives of international organizations, religious leaders, rights advocates, and members of civil society organizations from around the world to discuss challenges to religious freedom, identify concrete means to address persecution of and discrimination against religious groups, and promote greater respect for religious freedom for all.

On July 24, U.S. government representatives, philanthropies, private sector organizations, and civil society organizations working to promote religious freedom will discuss best practices for accessing donor resources and for enhancing civic initiatives through collaboration with the private sector. Senior U.S. government officials will share U.S. policy priorities and solicit civil society representatives’ views on the religious freedom situation around the world.

On July 25, members of civil society groups, including religious leaders and survivors of religious persecution, will convene to tell their stories, share their expertise, and build partnerships to enhance religious freedom.

On July 26, government and international organization representatives will discuss global challenges to religious freedom, develop collaborative solutions to these challenges, and make new commitments regarding the promotion of religious freedom.

For press inquiries related to the Ministerial, please e-mail IRFMinisterialPress@state.gov and visit www.state.gov/religiousfreedom for information related to the Ministerial. On Twitter, follow along with content about the Ministerial @State_IRF and using the hashtag #IRFMinisterial.

Source: U.S. State Department

Meteorological Organization: Climate Change Causing Extreme Weather

GENEVA The World Meteorological Organization warns the floods, heatwaves and other extreme weather conditions gripping many parts of the world are likely to continue as a consequence of accelerating climate change.

While the world was fixated on the dramatic rescue from a cave in Thailand of 12 boys and their soccer coach, potentially deadly monsoon rains were gathering steam in the region.

The World Meteorological Organization reports extreme weather conditions have dealt a deadly blow in many places, with blistering heatwaves and disastrous precipitation forecast to continue this month.

For example, it notes the recent catastrophic flooding in Japan, the worst in decades, has claimed at least 150 lives. WMO spokeswoman, Claire Nullis, says the death toll is likely to climb. This, in what she calls one of the world’s best prepared countries when it comes to tackling disasters.

They are supremely well prepared,” said Nullis. “And, so the magnitude of the casualties, of the destruction that we are seeing now really is an indication of just how big and how extreme this was and how heavy the rainfall was in such a short period of time.

Other extreme weather events include drought and abnormally high temperatures in Northern Europe. The WMO expects these conditions to prevail over the coming weeks.

The WMO reports the United States has had the hottest June on record. Nullis notes the Los Angeles area in California continues to hit record high temperatures, such as 48.9 degrees Celsius in the city of Chino.

Elsewhere in the world, she says a city in the Algerian Sahara Desert has reported temperatures of 51.3 degrees Celsius.

Climate change, as we always say, no specific event can be attributed to climate change, but what we are seeing is consistent with climate change scenarios,” said Nullis. “Extreme heat, consistent heat, persistent heat and heavy precipitation.

WMO scientists say these extreme weather events are compatible with the general long-term trend of global warming caused by the emission of man-made greenhouse gases in the atmosphere.

Source: Voice of America