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Anticipated $5.0 Million Third Quarter Gain From Annapolis Junction Purchase Option Sale to be Recognized Over the Next Four Quarters

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Company Updates 2018 Full-Year Normalized FFO Guidance

Partial Pay Down of the Company’s Mezzanine Loan Expected in the Fourth Quarter

VIRGINIA BEACH, Va., Oct. 04, 2018 — Armada Hoffler Properties, Inc. (NYSE: AHH) announced today that it has reached an agreement to sell its at-cost purchase option to the developer of The Residences at Annapolis Junction for $5.0 million. The Company also announced that it has agreed to allow the developer to refinance the project and extend the maturity of the mezzanine loan in order to realize the full potential value upon expected stabilization in 2019. Although the full option payment is expected to be received in the fourth quarter, as a result of this change in strategy, the proper accounting treatment will be to recognize the $5.0 million profit over the next four quarters. The Company expects the developer to close on these transactions in the fourth quarter of 2018, at which time the Company expects the developer to pay down the mezzanine loan balance by over $10.0 million.

“While our partner evaluated a possible sale during 2018, we agreed that the pre-stabilized discount would be too great to accept and the potential future profit upon stabilization was too great to ignore,” said Louis Haddad, President and CEO. “Current positive leasing momentum has the property nearly 65% leased as of today, and we are happy to see the project through to full stabilization in order for our partner to realize full value while allowing the Company to recognize additional fee and interest income. Furthermore, with nearly $60 million raised year-to-date under the ATM program, the $5.0 million of proceeds from the sale of the purchase option, and the anticipated partial repayment of our mezzanine loan, we remain confident in the overall strength of our balance sheet and continue to believe that the Company is well-positioned to execute on the opportunities in our development pipeline.”

With this change in structure and the associated accounting treatment, the Company is updating 2018 full-year Normalized FFO guidance to $1.00 to $1.03 per share.  The Company expects to provide details regarding the transaction and the change in guidance in its earnings release for the quarter ended September 30, 2018, which the Company plans to release on October 30, 2018.

About Armada Hoffler Properties, Inc. Armada Hoffler Properties, Inc. (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust (“REIT”) with nearly four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. The Company also provides general construction and development services to third-party clients, in addition to developing and building properties to be placed in its stabilized portfolio. The Company has elected to be taxed as a REIT for U.S. federal income tax purposes.

Forward-Looking Statements Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the Company’s full-year 2018 Normalized FFO guidance and related assumptions and expectations, the Company’s development pipeline, the expected timing for closing certain transactions and the expected impact of such transactions on the Company’s results. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statements. For a description of factors that may cause the Company’s actual results or performance to differ from its forward-looking statements, please review the information under the heading “Risk Factors” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, and the other documents filed by the Company with the Securities and Exchange Commission from time to time.

Contact: Michael P. O’Hara Armada Hoffler Properties, Inc. Chief Financial Officer and Treasurer Email: [email protected] Phone: (757) 366-6684

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eftPay was awarded the “Hong Kong ICT Awards 2020: Smart business (Solution for SME) Gold Award”

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HONG KONG, Oct. 28, 2020 /PRNewswire/ — eft Payments (Asia) Limited ("eftPay"), one of the leading e-Payment services providers in Hong Kong, announced that the Company was awarded the "Hong Kong ICT Awards 2020: Smart Business (Solution for SME) Gold Award" that was organized by the Office of the Government Chief Information Officer ("OGCIO"). The award ceremony was held today at The Cityview in Kowloon.

The awarded project "e+Pay" project adopts eftPay’s core integrated payment service and supports various electronic payment methods in Hong Kong including credit cards, QR-Code, and even overseas wallets, providing an installation-free and user-friendly experience. It is embedded with a comprehensive back-end management system that boasts multiple value-added features, including Electronic Receipt Management and Discount Offer Management, providing a convenient portal for merchants to monitor their business performance while reducing manual operations. In addition, "e+Pay" also offers a unique platform "e+Coupon", combining membership system and e-coupon functions so merchants can create effective marketing campaigns at a low cost, enhancing the opportunities to promote, reach out to potential clients and drive revenue.

Mr. Andrew Lo, Chairman and Chief Executive Officer of eft Payments (Asia) Limited said, "it is our great honour to receive the ‘Hong Kong ICT Awards 2020: Smart business (Solution for SME) Gold Award’. eftPay, as a leading electronic payment services provider in Hong Kong, is positioned at the forefront of the e-payment industry. At eftPay, meeting customers’ need is our core focus. We strive to provide merchants with the best quality services in order for them to create value. With our extensive industry experience, eftPay understands what merchants need, and we design customised payment methods that tackle their individual operation scale and daily business challenges. This award is a great booster for our team to continue to provide merchants with convenient, fast, reliable and stable electronic transaction services. Meanwhile, we are committed to creating innovative services and driving win-win opportunities in the retail ecosystem."

The Hong Kong ICT Awards was established in 2006. It aims at recognising and promoting outstanding information and communications technology (ICT) inventions and applications, thereby encouraging innovation and excellence among Hong Kong’s ICT talent and enterprises in their constant pursuit of creative and better solutions to meet business and social needs.

About eft Payments (Asia) Limited

eftPay is one of the leading e-Payment services providers in Hong Kong, which provides merchants with comprehensive e-Payment services, including account opening, integration of sales and payment system, transaction processing and payment settlement services. Currently, it serves at least 15,000 stores in Hong Kong, including well-known local jewelry stores, electrical appliances stores, makeup and beauty stores, clothing stores, food and beverage stores, theme parks, convenience stores and supermarkets. Website: http://www.eftpay.com.hk/

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Infosys Completes Acquisition of Award-Winning Digital Customer Experience, Commerce & Analytics Company, Blue Acorn iCi

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BENGALURU, India and RALEIGH, N.C., Oct. 28, 2020 /PRNewswire/ — Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has completed the acquisition of Blue Acorn iCi, an Adobe Platinum partner in the US, and a leader in digital customer experience, commerce and analytics. This follows the announcement the company made on October 08, 2020.

This acquisition further strengthens Infosys’ end-to-end customer experience offerings and demonstrates its continued commitment to help clients navigate their digital transformation journey. Blue Acorn iCi brings to Infosys, significant cross-technology capabilities through the convergence of customer experience, digital commerce, analytics, and experience driven commerce services.

Together with Infosys’ earlier acquisition of WONGDOODY that offers creative and marketing services, Blue Acorn iCi brings complimentary capabilities to help global CMOs and businesses thrive in a digital commerce world. This acquisition further deepens Infosys’ capabilities in the Adobe, Magento, Salesforce Commerce and Shopify ecosystems.

Infosys is excited to welcome Blue Acorn iCi and its leadership team.

Adobe and the Adobe logo are registered trademarks or trademarks of Adobe in the United States and/or other countries.

Salesforce is a trademark of salesforce.com, inc.

Shopify is a trademark of Shopify Inc.

About Blue Acorn iCi

Born from the minds of engineers, data scientists, digital commerce experts, designers, and strategists, Blue Acorn iCi is the leading independent digital customer experience company. We work with executives responsible for the growth of Fortune 500 brands (and those who aspire to enter the Fortune 500!) who want to get more out of their digital customer experience. Through the strategic fusion of content management, commerce & analytics, our teams solve problems and deliver results leveraging our deep expertise in strategy, experience design, engineering and DTC services. For more information please visit www.blueacornici.com.

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With nearly four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.

Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2020. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

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ATIF Holdings Limited Announces Additional $1 Million Consulting Service Agreement with Lendmerit Inc., Records Aggregate Revenue of $3 Million in a Week

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LOS ANGELES, Oct. 28, 2020 /PRNewswire/ — ATIF Holdings Limited (Nasdaq: ATIF, the "Company" or "ATIF"), a company providing business consulting and multimedia services in Asia, today announced the Company entered into a consulting service agreement (the "Agreement"), dated Oct 23, 2020, to serve as a business advisor for Lendmerit Inc.("Lendmerit"), a leading California-based financial lender providing integrated loan services nationwide. The Agreement was signed in anticipation of Lendmerit to enter into the U.S. capital market.

Pursuant to the Agreement, ATIF agreed to provide Lendmerit with services including business consulting such as business planning and strategies development, capital market advisory for fund raising, and investor and public relations services. As consideration, Lendmerit agreed to pay the Company a fixed consulting fee of US$1 million which will be paid in installments subject to certain conditions.

Mr. Pishan Chi, Chief Executive Officer of the Company, commented, "We are proud that we have signed service agreements with Lendmerit, McSen Realty Corp. and Promise Logistics Corp. respectively, within a week. We are diversifying our services following the recent wave of Chinese companies going public in the U.S. We look forward to seeing our clients achieving great progress and strong growth in 2021 and beyond, as they access to U.S. capital market, which we believe will drive their business growth. Lendmerit has a promising future because Lendmerit is one of the first batch of financial institutions to start Chinese loan business, and has built up a strong network and prestige. We are honored to serve as Lendmerit’s financial advisor to assist Lendmerit with its growth strategies of up-listing its securities to the U.S. exchanges."

About Lendmerit Inc.

Lendmerit Inc. was founded in April 2015 and is recognized as a California-based financial lender who holds the financial lending license to offer simple process and fast funding solution to qualified clients. The main business of Lendmerit Inc. includes unsecured loans for international students, personal credit/mortgage loans, and business emergency loans. After five-year development, Lendmerit Inc.’s has provided solutions for tens of thousands of residents and international students throughout the United States. In 2018, Lendmerit Inc. launched a financial services platform Finway to provide unsecured credit loan services, targeting high-consumption international students with middle and high-end backgrounds. Moreover, Lendmerit Inc. also helps international students establish their credit history through credit loans. Up to now, Lendmerit Inc. has provided services for over 1,000 international students.

About ATIF Holdings Limited

Headquartered in Shenzhen, China, ATIF Holdings Limited ("ATIF") is a company providing business consulting services to small and medium-sized enterprises in Asia, including going public consulting services, international business planning and consulting services, and financial media services. ATIF operates an internet-based financial consulting service platform IPOEX.com, which provides prestige membership services including online capital market information, pre-IPO education and matchmaking services between SMEs and financing institutions. ATIF has advised several enterprises in China in their plans to become publicly listed in the U.S. Through its majority-owned subsidiary, Leaping Group Co., Ltd., ATIF also provides multimedia services and is engaged in three major businesses, including multi-channel advertising, event planning and execution, film and TV program production and movie theater operations. ATIF operates the largest pre-movie advertising network in Heilongjiang Province and Liaoning Province of China and also provides advertising services in elevators and supermarkets. ATIF is often hired to plan both online and offline advertising campaigns and to produce related advertising material. In addition, ATIF invests in films and TV programs and distributes them in movie theaters or through online platforms. ATIF is also one of majority shareholders of AeroCentury Corp. (NYSE American: ACY) which is an independent global aircraft operating lessor and finance company specializing in leasing regional jet and turboprop aircraft and related engines to airlines and commercial users worldwide. For more information, please visit https://ir.atifchina.com/.

Forward-Looking Statements

Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantee of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: future financial and operating results, including revenues, income, expenditures, cash balances and other financial items; ability to manage growth and expansion; current and future economic and political conditions; ability to compete in an industry with low barriers to entry; ability to continue to operate through our VIE structure; ability to obtain additional financing in the future to fund capital expenditures; ability to attract new clients and further enhance brand recognition; ability to hire and retain qualified management personnel and key employees; trends and competition in the financial consulting services industry; a pandemic or epidemic; and other factors listed in the Company’s annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions you that actual results may differ materially from the anticipated results expressed or implied by the forward-looking statements we make. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management’s beliefs and assumptions only as of the date such statements are made. These forward-looking statements are made as of the date of this news release.

Related Links :

https://ir.atifchina.com/

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