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Arcc Spaces Launches Innovative ‘Agile Hybrid Solution’

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Concept designed to help businesses and individuals cope with Covid-19 remote working challenges

SINGAPORE, Oct. 27, 2020 /PRNewswire/ — Arcc Spaces, the leading shared workspace brand with 16 premium locations across Asia, today announces the launch of its new innovative ‘Agile Hybrid Solution’. The unique offering is provided under the Arcc Spaces Care+ Solutions package to help small and medium sized business (SMEs), multinational corporations (MNCs), start-ups, and entrepreneurs to cope with the new remote working situation resulting from Covid-19. The pandemic has forced some companies to downsize and establish remote working on a permanent basis, or at the very least until well into 2021. The new home office environment that many employees have found themselves in, however, is creating new challenges in terms of productivity, wellbeing and appropriate furniture to perform.

Arcc Spaces Care+ solutions offers 'On Demand Solution', 'Agile Hybrid Solution' and 'Enterprise Solution Powered By Design Studio' to cope with Covid-19 remote working challenges
Arcc Spaces Care+ solutions offers ‘On Demand Solution’, ‘Agile Hybrid Solution’ and ‘Enterprise Solution Powered By Design Studio’ to cope with Covid-19 remote working challenges

Arcc Spaces Care+ Solutions offers three solutions. ‘On Demand Solution’ provides passes ranging from five days to one month for members to access four centres located at One Marina Boulevard, 75 High Street, Suntec City and 99 Duxton Road to enjoy working at the shared space and premium office facilities. ‘Agile Hybrid Solution (AHS)’ is a tailor-made solution for individuals, SMEs and MNCs to cope with employee needs for remote working. Some employees face challenges when they work from home such as disruptive environments, poor connectivity and bad posture. AHS allows companies to sign up memberships for their employees to use the private suites, shared spaces and meeting rooms at Arcc Spaces’ four centres. Most importantly the solution comes with a European-made height-adjustable table and HAG Capisco chair delivered to employees’ homes by Arcc Spaces’ strategic business partner, Ecopex Furniture. Ecopex and Arcc Spaces are developing innovative solutions to the challenges of Covid-19, emphasizing sustainability through its use of refurbished products and its support of the circular economy. This helps boost employee productivity and comfort while working from home. So far, a global technology company, a US bank, and two real estate companies are already signed up for the new solution. In total, 30 individuals are enrolled in the programme at launch. Finally, ‘Enterprise Solution Powered By Design Studio’ offers corporate clients with tailor-made, personalised workplaces to meet their enterprise needs.

Matthew Chisholm, Chief Operating Officer of Arcc Spaces, said: "The launch of our ‘Agile Hybrid Solution’ represents a milestone in our thinking. Arcc Spaces has been in the market for over 20 years and has been evolving to meet individual and corporate needs. This solution extends our service from the flexible workplace to the home workplace. This new offering is a first step towards the future of work, where we leverage innovative valued-added bundles which solve for each individual and better understands their needs. The data we are collecting on behalf of our corporate clients will assist us to respond to ongoing changes in the workplace, ensuring we remain ahead of the curve in driving productivity, wellbeing and engagement for both individuals and the organisations they are part of.  

Henrik Meltesen, Founder and Owner of Ecopex Furniture, said: "Technology has empowered modern workers with enhanced mobility and connectivity to work from anywhere at anytime. Workstation ergonomics are a vital element in improving health and increasing productivity. In response to this, we have carefully selected and curated a range of workplace solutions to address the increase in remote collaboration. Arcc Spaces’ ‘Agile Hybrid Solution’ creates new value for its members, and increases customer loyalty and retention rates. Moreover, we are able to leverage customer feedback to improve our offerings and better serve market needs."

The on-demand five-day pass starts from SGD 188 and ‘Agile Hybrid Solution’ monthly fees starts from SGD 519. For details, please visit: https://discover.arccspaces.com/care-plus-package-singapore.

About Arcc Spaces

Arcc Spaces is a shared workspace brand with 16 locations across Asia that works with corporates to transform the way they work and drive innovation through a network of hospitality-led spaces. Headquartered in Singapore, Arcc Spaces has locations across Malaysia, Beijing, Shanghai and Hong Kong.  We provide access to a collection of beautifully designed business hubs, lounges and labs grounded in landmark projects across the world’s gateway cities to empower today’s leaders to meet, collaborate, learn and access talents and opportunities. Arcc Spaces is a part of the Arcc Holdings, a transformative real estate and hospitality company that develops and operates a range of concepts in the areas of ‘Work, Live and Play’. For more information, please visit https://www.arccspaces.com

 

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Should you invest in Nio, Slack Technologies, Salesforce, JetBlue Airways, or Johnson & Johnson?

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NEW YORK, Dec. 2, 2020 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for NIO, WORK, CRM, JBLU, and JNJ.

Click a link below then choose between in-depth options trade idea report or a stock score report.

Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.

Stock Report – Measures a stock's suitability for investment with a proprietary scoring system combining short and long-term technical factors with Wall Street's opinion including a 12-month price forecast.

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SOURCE InvestorsObserver

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TessaB Announces The Launch of The Glyde Marketplace, a Blockchain Powered Platform For Buying & Selling Used Mobile Phones

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FLORHAM PARK, N.J., Dec. 2, 2020 /PRNewswire/ — TessaB Corp., a technology company developing a blockchain platform to solve market inefficiencies in the used mobile phone industry, announced today the launch of The Glyde Marketplace (Glyde). Glyde will usher in the future of buying and selling used phones by harnessing new technologies to provide buyers and sellers a higher level of transparency and security, thereby allowing consumers to cut out the many industry middlemen who needlessly drive up prices.

CEO of TessaB, Flavio Mansi, commented, “We are delighted for the official launch of The Glyde Marketplace to solve issues within the used mobile phone market. Right now, there is an average of seven middlemen between a customer who trades in a phone and its next owner. Our goal is to eliminate these inefficiencies and also instill trust between buyers and sellers. The biggest barrier to purchasing a used phone is lack of confidence in the condition of the phone the buyer will receive. That is why we have selected blockchain and other innovative technologies to create a more transparent, secure, and efficient marketplace for used phones.”

Glyde is the first to put advanced mobile diagnostic tools that original equipment manufacturers (OEMs) and wireless carriers use in the hands of buyers and sellers, allowing them to securely test the condition of mobile phones as they transact. The Glyde Marketplace is also the first to use smart contracts to minimize fraud and discourage unscrupulous buyers and sellers that currently plague today's peer-to-peer marketplaces that sell used devices. The global market for used phones is huge, forecast to be worth $67 billion by 2023 according to William Stofega, Program Director, Mobile Device Technology and Trends at IDC.

TessaB also announced they have teamed up with Near Protocol for layer one of the blockchain. This will provide the foundation for a fairer marketplace for both individual consumers and businesses, one in which transactions are more transparent and, as a result, prices more accurately reflect the quality and value of the device. With Glyde, business rules programmed into smart contracts to guide dispute mediation when the condition of a phone a buyer receives does not match the condition the seller posted to a phone listing, minimizing the need for subjective decision-making.

“We are excited to see innovative projects like The Glyde Marketplace bringing applications that can serve millions of customers to market faster using NEAR. We are looking forward to expanding our collaboration with the TessaB team and bringing to life even more breakthrough projects that create new marketplaces and help consumers save money.” Erik Trautman, CEO of NEAR Foundation.

About TessaB:
TessaB Corp. is a technology company focused on reinventing the secondary market for mobile phones and devices. Leveraging blockchain, AI and machine learning, TessaB is building a technology platform designed to solve inefficiency and trust issues that plague the mobile phone industry, enabling consumers to buy and sell with an unprecedented level of trust, security, and efficiency. TessaB operates the The Glyde Marketplace, an innovative peer-to-peer platform for buying and selling used devices that is commercializing the TessaB technology platform.

For more information visit, www.tessab.com or follow us on social media:LinkedIn, Facebook, Twitter and Instagram.

Media Contact:
[email protected]

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SOURCE TessaB

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Pathlight Capital and HBC Announce $150 Million Term Loan Facility

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BOSTON, Dec. 2, 2020 /PRNewswire/ — Pathlight Capital LP and HBC have completed a $150,000,000 Senior Secured Term Loan Facility for the company, of which Pathlight serves as the administrative agent. HBC is a holding company of portfolio businesses operating at the intersection of retail and real estate, including a real estate and investments division, HBC Properties and Investments, and three retailers, Saks Fifth Avenue, Hudson's Bay and Saks OFF 5TH.

The term loan, which was completed and funded on November 25, 2020, will provide additional support for growth initiatives and general working capital purposes.

Michael Culhane, Chief Financial Officer of HBC said, “Throughout the pandemic, we have taken steps to carefully manage our cash flow and expenditures to sustain and help ensure that our businesses can thrive beyond the crisis. The capital generated by this facility, along with our current liquidity, provides even greater financial flexibility. Further, this transaction underscores the value of our real estate assets and the significant potential that lies within each of our portfolio companies. We're pleased to have worked with Pathlight to complete this facility.”

Mark Twomey, Managing Director of Pathlight Capital commented, “I have followed HBC and its iconic retail businesses for my entire career, so it is both exciting and gratifying for Pathlight to partner with the management team to structure a facility that can provide additional liquidity for the company. We are proud to help bolster the management team's continued efforts to best position HBC for the future.” 

About Pathlight Capital
Pathlight Capital is a private credit investment manager dedicated to meeting the needs of companies that operate across a broad range of industries by providing asset-based loans secured on a first or second lien basis against tangible and intangible assets. Pathlight provides creative financing solutions to allow management teams to access incremental liquidity for the purposes of funding working capital, debt refinancings, growth, acquisitions, dividends and turnaround strategies. For more information, please visit www.pathlightcapital.com.  

About HBC
HBC is a holding company of portfolio businesses that operate at the intersection of retail and real estate. A long-term investor in iconic companies, HBC's valuable assets span top markets and prime locations across North America.

Among HBC's portfolio companies are three distinguished retailers: Saks Fifth Avenue, a premier luxury retailer, Hudson's Bay, Canada's preeminent multi-category retailer, and Saks OFF 5TH, a leading off-price retailer.

HBC owns or controls, either entirely or with joint venture partners, approximately 40 million square feet of gross leasable area. HBC Properties and Investments, the company's real estate and investments portfolio business, manages these assets along with additional real estate offerings, including Streetworks Development, its property development division.

Founded in 1670, HBC is North America's longest continually operating company and is headquartered in Toronto and New York. For more information visit: www.hbc.com.

Media Contacts:

Pathlight Capital
Mark Twomey
[email protected] 

HBC
Nicole Schoenberg
[email protected]

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SOURCE Pathlight Capital

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