Day: March 29, 2022

Experienced Digital Executive to Drive Next Phase of XWP’s Global Growth Plans

Lagolago-Craig will guide Melbourne-headquartered XWP in its mission to tackle the biggest technological challenges in digital publishing, onboard digital and engineering talent from around the globe, and enable the business’ industry-leading clients to tell their story in new and exciting ways.

The experienced digital leader has worked at News Corp Australia for the past 20 years and served as the Director of Publishing Technology and Services since June 2020.

During his tenure, he led the development of the platforms that enabled some of Australia’s most high-traffic websites, including brands such as news.com.au, Fox Sports, and The Australian. He also delivered the largest WordPress enterprise installation in Australia to more than 15 News Corp websites, involving more than 1,000 internal staff.

Lagolago-Craig was also responsible for the development of numerous technical projects with key partners including Google, Facebook and Apple.

Speaking on the appointment, founder of XWP Dave Rosen said, “For some time now, we’ve been looking at taking XWP to the next level and, after a period of unprecedented growth, we’re delighted to have Myles on board as CEO. The breadth of his experience really speaks for itself, having worked on some amazing projects that have dramatically shaped the landscape of the web over the course of his career. I look forward to XWP’s continued growth under his direction.”

“The global talent at XWP combined with the world-leading projects we deliver around the world for great brands is why I’m excited to be joining XWP as CEO,” says Lagolago-Craig. “The opportunity is to build on the phenomenal growth over the past few years, bring my passion for scaling high-performing digital teams, and continue XWP’s commitment to building an open and performant web.”

Lagolago-Craig said he was looking forward to the challenge of accelerating the growth of XWP, founded in 2013 by Dave Rosen. The company has employees in more than 30 countries, and its customers include notable brands such as Automattic, Rolling Stone, Google, and many more.

“I have worked with XWP as a partner for many years and I have always been impressed with their culture and expertise in digital publishing,” said Lagolago-Craig. “Storytelling has never been more important for brands and publishers. Enterprises rely on experts to navigate this at scale and this is what XWP is positioned for.”

About XWP

XWP is a fully remote web agency, with a team of experts around the globe. Together, they work with the biggest names in technology, publishing, and media to make storytelling easier with modern editorial tools, improve ownership through cleverly personalized workflows, boosting conversions with lightning-fast user experiences.

Through the power of reliable tooling, and the elimination of technical debt, XWP helps businesses to own their platform and their goals, smashing KPIs and enabling their digital teams to go further.

As outspoken advocates for the open web, they actively contribute to a number of the technologies that underpin their offering. With a team of experienced experts spanning every touchpoint of the development lifecycle, they create digital opportunities that have an international impact.

For more information about how XWP is creating the tools for businesses to do more, visit www.xwp.co or follow @XWP on Linkedin and Twitter for the latest news and updates.

Contact Information for further comments or an interview with a representative from XWP:

Scott Batchelor
scott.batchelor@xwp.co

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XWP, a global web development provider, has announced the appointment of Myles Lagolago-Craig as its new global Chief Executive.

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Agreement with Bondholders and Lenders Provides $250 Million to Drive Growth as Aerospace Industry Recovers

The recapitalization, which includes an immediate liquidity infusion of $250 million, was supported by majorities across all of the company’s funded debt including bondholders and bank lenders.

“This is a resounding vote of confidence from our financing partners and a great day for Incora and its employees, customers, vendors and business partners,” said David Coleal, Incora’s chief executive officer.  “This transaction provides a combination of fresh liquidity, maturity relief and debt service reduction, allowing Incora the financial stability to continue delivering innovative, first-in-class service to our existing customers, and to seize new business opportunities as the defense industry signals increased growth and the commercial aerospace industry rebounds.”

Coleal continued, “I want to thank our customers and our supplier partners, I want to thank our bondholders for their partnership with Incora, and I also want to thank our employees for their hard work and unwavering commitment as we faced unprecedented industry headwinds together.  Our success through the COVID-19 pandemic would not have been possible without your dedication and teamwork.”

Participating bondholders, including Silver Point Finance, provided the additional long-term liquidity support to Incora and exchanged their existing secured and unsecured notes for new secured notes, extending the term of a portion of the secured notes and significantly reducing the amount of annual cash interest.

Key terms of the transaction include:

• Incora received $250 million of new money
• Supporting lenders exchanged existing secured and unsecured bonds for new bonds due in November 2026 and November 2027, respectively, extending the maturity on over $450 million of bonds that would have been due in 2024
• Cash interest payments will be significantly reduced for the next five years
• Incora retains significant flexibility to engage in additional value-enhancing transactions

About Incora

Incora is the trade name for the group of companies formed by Wesco Aircraft and Pattonair, a leading provider of comprehensive supply chain management services to the global aerospace and other industries.  Beginning with a strong foundation in aerospace and defense, Incora also utilizes its supply chain expertise to serve industrial manufacturing, marine, pharmaceutical and beyond.  Incora incorporates itself into customers’ businesses, managing all aspects of supply chain from procurement and inventory management to logistics and on-site customer services.  The company is headquartered in Fort Worth, Texas, with a global footprint that includes 68 locations in 17 countries and more than 3,800 employees.  For more information, please visit incora.com.

To contact Incora regarding company news please contact: Gary Wells gary.wells@incora.com 2601 Meacham Blvd Suite 400
Fort Worth, TX 76137 Ph: +817-692-2178

*  *  *

Incora has included statements in this press release that constitute “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act, as amended, and Section 27A of the Securities Act of 1933, as amended. As a general matter, forward-looking statements are those focused on future or anticipated events or trends, expectations and beliefs including, among other things, Incora’s expectations with respect to the amend and extend transaction described herein. Such statements are intended to be identified by using words such as “believe,” “expect,” “intend,” “estimate,” “anticipate,” “will,” “project,” “plan” and similar expressions in connection with any discussion of future operating or financial performance. Any forward-looking statements are and will be based upon Incora’s then-current expectations, estimates and assumptions regarding future events and are applicable only as of the dates of such statements. Readers are cautioned not to put undue reliance on such forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those projected in this press release. Incora undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Innovation through Integration

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Gamestonk Terminal Renamed OpenBB Terminal to Reflect Big Aspirations After $8.5M Seed Investment Round

OpenBB is partnering with OSS Capital to build world-class investment research products. OSS Capital is leading the seed round alongside Naval Ravikant, Ram Shriram and Elad Gil, closing the round at $8.5 Million.

“The investment research industry has been dominated by monopolistic and proprietary incumbents since the 1980s, and it has taken until now for someone to develop an open source, democratized platform for the current and next generation of market makers, traders and equities professionals. OpenBB is the right idea at the right time, focused on empowering investors to gain access to the world’s financial research at the click of a button, all for free and powered by an open source platform. We are honored and thrilled to be on the ground floor of this paradigm-shifting moment in the history of investment research.“ – Joseph Jacks, OSS Capital Founder and GP

Since the initial launch of the project last year, Gamestonk Terminal has gone viral on Hacker News and Reddit, been featured in Vice magazine and is currently the #1 open source investment research platform on GitHub by stars, having over 9,200.

The OpenBB founders will set the company direction, focusing on the community, to keep building the best open source investment research platform. To reflect the new company, ‘Gamestonk Terminal’ will be rebranded to ‘OpenBB Terminal’.

“As a Software Developer and an AI/ML enthusiast, I decided to leverage modern data science tools to help me make sense out of investing. What started as a personal project of mine has turned into a platform used by thousands of people around the world,” said Didier Lopes, OpenBB CEO and co-founder. “With this seed investment, our ability to support the ever-growing community will improve significantly. We’re opening a new chapter in our journey to create a modern investment research platform for everyone.” 

OpenBB is a leading open source investment analysis company. It represents millions of investors who want to leverage state-of-the-art data science and machine learning technologies to make sense of raw unrefined data. Its mission is to make investment research effective, powerful and accessible to everyone. OpenBB currently has several new opportunities, which can be found on their website here.

OpenBB Terminal is a highly-customizable, open source investment platform. The product being open source allows for higher quality, lower costs and complete transparency. The terminal is written in Python, the fastest growing language in the world of finance, data science and countless others. This is the first time in history that users, regardless of their background, can easily add features to an investment platform and tailor it to their needs.

For more information contact hello@openbb.co.

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Within the 90 minutes it takes to play a football match, visitors can leave Doha for amazing adventures in mesmerising desert dunes, UNESCO heritage sites, ancient rock carvings, water parks, golden beaches, eco farms, lush green mangrove forests and so much more.

Chief Operating Officer of Qatar Tourism, Berthold Trenkel, said: “Just a stone’s throw from Doha are fantastic cultural, natural and family-friendly excursions that some visitors might miss. We’re more than just a city and we want the world to discover the hidden treasures strewn across our peninsula. The beauty of a holiday here is the compactness of diverse experiences, with all our iconic attractions never more than a 90-minute drive away – or the time it takes to watch a World Cup match. For anyone staying in the country for longer than 24 hours, a day trip out of Doha is a delightful highlight of a holiday in Qatar.”

Here are 10 of the top out-of-Doha day trips rounded up by Qatar Tourism:

Banana Island Resort

The glistening crescent-shaped Banana Island is accessible by boat only. A 25-minute journey from Al Shyoukh Terminal in downtown Doha, the island beach offers an ideal escape from the hustle and bustle of city life. Guests can travel for the day or stay overnight at Banana Island Resort Doha by Anantara, featuring a lagoon pool, spa, golf court, cinema and several restaurants.

Distance from Doha: 25 minutes

Heenat Salma Farm

Fans of organic, natural produce should visit Heenat Salma Farm for an eco-conscious experience. A working agricultural farm that grows more than 30 different crops, fruits and vegetables, and produces dairy, eggs, honey and meat, Heenat Salma is a centre for hospitality, education and wellbeing. Visitors can stay overnight in traditional tents positioned around a central fire, which instills a sense of community. There is a pool, wellness room, library and a kitchen where chefs prepare simple, healthy, nourishing meals.

Distance from Doha: 40 minutes

Purple Island

Bin Ghannam Island, popularly known as Purple Island, is a hidden gem famous for its abundance of mangroves. The island’s association with purple comes from an ancient Kassite-controlled dye industry, which started more than two-thousand years ago, when the colour was coveted by Roman royalty for their clothing. Sunset is an opportune time to visit Purple Island: go kayaking, or hike around the island to scout the perfect sunset spot for photos.

Distance from Doha: 45 minutes 

Baladna Park

A green refuge on the outskirts of Doha, Baladna Park is a fun-filled family day out with a children’s adventure land, bumper boats, a petting zoo and reptile cave. The park is run by Baladna Farm, a 100% Qatari business that is one of the largest cattle farms in region, and it provides fresh milk and dairy products to Qatar’s restaurants and residents. The farm is also open to members of the public, who can discover the milking process in purpose-built farms that protect animals from harsh changes in climate.

Distance from Doha: 45 minutes 

Dhal Al Misfir cave

One of the country’s most exciting natural sites, the 40-metre-deep Dahl Al Misfir is considered the largest accessible cave in Qatar. Estimated to have been formed around 300,000-500,000 years ago, the cave emits an otherworldly moon-like glow due to gypsum despots in the centre of the peninsula. These same minerals give rise to ‘desert roses’ – clusters of crystals that inspired Jean Nouvel in his iconic design of the National Museum of Qatar.

Distance from Doha: 55 minutes 

Al Jassasiya Rock Carvings

Nobody quite knows when these nearly 900 carvings, known as ‘petroglyphs’, were created. Discovered in 1957, the distinct carvings feature shapes including fish, ostriches, dhow boats and cup marks, across a 700-metre area. Some suggest the art dates back more than 2,000 years, others put the date at just a few centuries ago. Either way, the carvings offer a tantalising glimpse into an ancient past and are Qatar’s most exciting enigma.

Distance from Doha: 1 hour 

Al Zubarah Fort

Qatar’s UNESCO World Heritage Site, Al Zubarah Fort is a pristine example of a traditional Arabic fortress. The walls overlook the ruins of a once bustling pearling town that saw fierce tribal battles as powerful empires fought for regional dominance. Visitors who head up to the site will find a museum with artefacts from this historical era, including cannonballs, coins and the weights used by pearl divers who used to plunge down 14 metres to search among thousands of oysters before finding that one rare gem. On the way to Al Zubarah are the remains of the ghost town of Al Jumail, which offers another fascinating glimpse into Qatar’s humble past.

Distance from Doha: 1 hour 15 minutes 

Hilton Salwa Beach Resort & Villas

On Qatar’s southwestern tip is one of the country’s best-kept secrets. A nirvana for lovers of sun, sea and sand, Hilton Salwa Beach Resort has 3.5 kilometres of soft white beaches and landscaped gardens. Within the grounds is one of the largest theme parks in the Middle East, Desert Falls. The park features 18 attractions, with 56 rides and slides, from the Sea Caves Water Park to the Desert Street Circuit Go Karting.

Distance from Doha: 1 hour 20 minutes 

East-West / West-East

Richard Serra’s breath-taking public art installation in the Qatari desert comprises four 14-metre-high steel plates spread out over a kilometre. Pictures of the striking display routinely set Instagram accounts alight, as the pillars stand in stark contrast to the soft brown hues of the surrounding desert. Also in the area is the Umbrella Rock Mountain, Zekreet Fort and the abandoned film set known as Film City, all worth a quick look.

Distance from Doha: 1 hour 20 minutes

Inland Sea

There are rare few places in the world where desert dunes greet the shores of the sea. The spectacular ‘Inland Sea’. or Khor Al Adaid, in the south of Qatar is one, and those with an afternoon to spare should seriously consider visiting, accessible only by 4×4 vehicles. Visitors should coincide their excursion with the sunset or sunrise for the best photos, and keep an eye out for turtles, the Arabian oryx and flamingos, before taking a dip in the warm sea waters.

Distance from Doha: 1 hour 30 minutes 

Note to editor

All distances taken from Doha’s central West Bay area.

-Ends-

For media-related inquiries, please contact Qatar Tourism’s Press Office on:

+974 7774 7863 | pressoffice@visitqatar.qa 

About Qatar: 

Qatar is a peninsula surrounded by the Arabian Gulf in the heart of the Middle East, with 80% of the earth’s population within a six-hour flight. Ranked the safest country in the world in 2022 by Numbeo, Qatar welcomes all travellers, and guests from over 95 countries can enter visa-free. Qatar has an incredible variety of easily accessible tourist attractions, a plethora of fauna and flora including Whale Sharks and the majestic national animal the Arabian Oryx, and most experiences are a unique combination of cultural authenticity and modernity. From iconic museums to high-rise restaurants, from thrilling desert adventures to world-famous events including none other than the FIFA World Cup Qatar 2022™, there is something for all types of travellers and budgets. Travellers set to transit through Qatar should turn one holiday into two with the world’s best value stopover packages, launched by Qatar Airways and Discover Qatar and supported by Qatar Tourism.

About Qatar Tourism:

Qatar Tourism is the official government body responsible for the development and promotion of tourism in Qatar, facilitating the sector’s exponential growth. Qatar is a destination where people of the world come together to experience unique offerings in arts, culture, sports, and adventure, catering to family and business visitors, rooted in Service Excellence. Qatar Tourism seeks to boost the entire tourism value chain, grow local and international visitor demand, attract inward investment, and drive a multiplier effect across the domestic economy. The Qatar Tourism Strategy 2030 sets an ambitious target to attract over six million international visitors a year by 2030, making Qatar the fastest growing destination in the Middle East.

Web: www.visitqatar.qa

Twitter: @VisitQatar

Instagram: @VisitQatar

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Hong Kong-based technology company Prima Asia Limited confirms its innovative blockchain payment technology to be launched this year.

HONG KONG, March 29, 2022 (GLOBE NEWSWIRE) — Prima Asia Limited, an evolving fintech startup, is set to launch its innovative blockchain-powered payments technology across the Asia-Pacific region.

With a release date set for Q4 2022, Prima Asia Limited believes that their ground-breaking payments technology “Primawire” will provide clients and businesses with faster transfer speeds, a highly secure data network, and 70% reduced transaction fees than their competitors.

Blockchain is currently one of the most exciting technological advancements. It is a distributed, encrypted database model that solves a lot of issues with online trust and security. Business spending on blockchain technologies is expected to reach $11.7 billion in 2022.

“Our company has already forged relationships with several of Asia’s largest financial institutions, and the payments prototype has been integrated and tested on their internal data networks, yielding impressive results. We will be introducing a money transfer technology that is unlike anything else on the market right now,” says Jia Shaoqing, Chief Executive Officer of Prima Asia Limited.

Prima Asia Limited has also announced that they expect to release the Primawire app in Europe, Africa, and the Middle East by 2024, followed by North America in early 2025.

Utilizing blockchain, Primawire will reduce traditional limitations while providing a quicker and safer payments solution. It will bring independence and flexibility to online payments and allow users to consolidate and send various payments at speed.

Prima Asia Limited aspires to become a market leader in the global money transfer technology industry by incorporating innovative blockchain technology into their soon-to-be-released money transfer solution.

About Prima Asia Limited
Prima Asia Limited is a technology company that challenges legacy giants within the finance industry by developing a revolutionary payments technology built on blockchain and accelerating the shift towards a cashless society.

Press Contact: Mr. Martin Zhihao – Investor Relations Officer
Email Address: martin.zhihao@primawire.com
Telephone Number: +852 5803 2873
Office Address: Cheung Kong Centre,
2 Queen’s Road Central, Central, Hong Kong.

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