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Digital River Partners With Magento to Create Powerful Combined Commerce Solution Built for Global Expansion

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Digital River, the most experienced global ecommerce enabler for established and fast-growing brands, announced today a partnership with Magento, an Adobe company and leading provider of commerce innovations to merchants and brands across industries. By combining Digital Rivers world-class global payments and risk protection services with the flexibility and control of the Magento commerce platform, brands can build a customizable ecommerce solution allowing them to expand into new global markets, while giving customers the localized experience they expect. This partnership comes as Digital River rolls out its new, API-first architecture to allow merchants the opportunity to create best-of-breed solutions to meet complex shopper demands on a global scale.

The new extension can be found on the Magento Marketplace at: https://marketplace.magento.com/catalog/product/view/id/189272/

The complexity of global merchants demands can no longer be met by a single, full-stack ecommerce provider, said Mike French, head of global partnerships for Digital River. Partnering with Magento and a world-class system integrator like diconium means brands now have the flexibility to use Magento for full control of commerce management and shopper experience, while deploying Digital Rivers unique Merchant and Seller of Record business model.

French added, We want merchants to be able focus on their brand, knowing that Digital River is taking on the risk and responsibility for all key financial elements of their online sale, including compliance with country-specific trade and tax laws, as well as collecting and remitting all payments and taxes, a combination of services we call The Onshore Advantage„¢. We take something very complex and make it easy merchants.

We are pleased to welcome Digital River to the Magento Technology Partner Program, said Andre Dogan, Senior Manager, Technology Partner Program. Combining the agility and control of the Magento platform with Digital Rivers global payments and risk solutions, offers our joint clients a truly flexible ecommerce stack that delivers a superior localized buying experience.

We have a long history with Magento, and now our new partnership with Digital River allows us to integrate the systems in a modular and secure way that is repeatable, said Roland Oberdorfer, managing partner at diconium. By connecting both Magento and Digital Rivers Payments & Risk solutions we can help merchants open their sites to sell to customers almost anywhere in the world in a matter of months rather than the years it would take them to do it on their own.

French added, We want merchants to be able focus on their brand, knowing that Digital River is taking on the risk and responsibility for all key financial elements of their online sale, including compliance with country-specific trade and tax laws, as well as collecting and remitting all payments and taxes. We take something very complex and make it easy for merchants.

Innovative digital brands can now look toward Digital River and Magento to deliver a solution that allows them to control the customer experience, grow revenue, and move easily into global markets with local acquirers and payment methods that can increase conversion rates. At the same time, online merchants can sleep at night, knowing they are fully protected and compliant in the increasingly complex global marketplace.

About Digital River

With 25 years experience, Digital River has mastered the ins and outs of global ecommerce. Established and fast-growing brands alike rely on our flexible, API-powered solutions to sell direct to their customers, whether they live around the corner or around the world. Our modular platform, global expertise, and advanced partner ecosystem lets brands focus on creating seamless buyer experiences, while we work behind the scenes to manage orders and fulfillment, process payments, mitigate fraud, and handle taxes and compliance on your behalf. Brands benefit from our unique business model, expertly designed to help brands accelerate global expansion, grow revenue, and protect their business from risk.

Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America. For more details, visit Digitalriver.com.

Digital River is a registered trademark of Digital River, Inc. All other company and product names are trademarks, registrations or copyrights of their respective owners.

About diconium

diconium, with headquarters in Stuttgart, was established in 1995 and is a leading specialist in the holistic development of digital business models. Its activities include strategy development and the design of the user experience (UX), as well as the implementation and operational realization of business ideas. The proprietor-managed company has a total workforce of about 800 people working at locations in Germany, Portugal, the USA and India. The core competences of diconium include the development of sales platforms for digital products and services as well as IT systems in customer management. diconium supports global players in a wide variety of industries, including Volkswagen, Mercedes-Benz, Allianz and Bosch. Volkswagen AG holds a 49 percent stake in diconium.

Twitter Tags: @DigitalRiverInc @Diconium @Magento

Click to Tweet: Working with integration partner @diconium, @DigitalRiverInc & @Magento combine innovative #ecommerce solutions for brands worldwide.

Natalie Wires

Director, Corporate Communications

Digital River

+1 952-225-3985

[email protected]

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AirNet Announces Receipt of Deficiency Letter from Nasdaq

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BEIJING, Sept. 19, 2020 /PRNewswire/ — AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), an in-flight solution provider on connectivity, entertainment, and digital multimedia in China, today announced that it received a notification letter dated September 16, 2020 (the "Deficiency Letter") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq") notifying that the Company is no longer in compliance with the Nasdaq Listing Rule 5550(b)(1) for continued listing due to its failure to maintain a minimum of $2.5 million in stockholders’ equity. In the Company’s Form 20-F for the fiscal year ended December 31, 2019, the Company reported a negative stockholders’ equity of approximately $19 million. Nasdaq also determined that the Company does not meet the alternatives of market value of listed securities or net income from continuing operations for continued listing.

The Deficiency Letter does not result in the immediate delisting of the Company’s ordinary shares represented by American depositary shares on the Nasdaq Capital Market. The Company has 45 calendar days from the date of the Deficiency Letter, or until November 2, 2020, to submit a plan (the "Compliance Plan") to Nasdaq to regain compliance with the minimum stockholders’ equity standard. If the Compliance Plan is accepted by Nasdaq, the Company may be granted a compliance period of up to 180 calendar days from the date of the Deficiency Letter to evidence compliance. However, since Nasdaq previously notified the Company that its bid price compliance period expires on December 10, 2020, the Compliance Plan shall also set forth a plan to address the minimum bid price requirement by such date.

The Company’s management is looking into various options available to regain compliance and maintain its continued listing on the Nasdaq Capital Market. The Company intends to submit the Compliance Plan as soon as practicable.

This announcement is made in compliance with the Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a notification of deficiency.

About AirNet

Incorporated in 2007 and headquartered in Beijing, China, AirNet provides in-flight solutions to connectivity, entertainment and digital multimedia in China. Collaborating with its partners, AirNet empowers Chinese airlines with seamlessly immersive Internet connections through a network of satellites and land-based beacons, provides airline travelers with interactive entertainment and a coverage of breaking news, and furnishes corporate clients with advertisements tailored to the perceptions of the travelers. For more information, please visit http://ir.ihangmei.com.  

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "is expected to," "anticipates," "aim," "future," "intends," "plans," "believes," "are likely to," "estimates," "may," "should" and similar expressions, and include, without limitation, statements regarding the development of the COVID-19 pandemic and its impact on the Company’s business operations. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements are based upon management’s current expectations and current market and operating conditions, and involve inherent risks and uncertainties, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause its actual results, performance or achievements to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but not limited to the following: its ability to achieve and maintain profitability; its ability to continuously improve its solutions and services enabling inflight connectivity; its ability to compete effectively against its competitors; the expected growth in consumer spending, average income levels and advertising spending levels; the growth of the inflight connectivity industry in China; and government policies affecting the inflight connectivity industry in China. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

 

Related Links :

http://ir.ihangmei.com/

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LAIX Inc. Announces Changes in Board and Committee Composition

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SHANGHAI, Sept. 19, 2020 /PRNewswire/ — LAIX Inc. ("LAIX" or the "Company") (NYSE: LAIX), an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning, today announced that Mr. Christopher Ludwig Eisgruber, one of the Company’s independent directors, will cease to serve on the Company’s board of directors and its committees upon the expiration of his current term ending on September 30, 2020. Upon the effectiveness of Mr. Eisgruber’s departure, Ms. Min (Jenny) Zhang will be appointed as a member of the compensation committee and the chairperson of the nominating and corporate governance committee of the board of directors of the Company, replacing Mr. Christopher Ludwig Eisgruber. In addition, Dr. Li-Lan Cheng was re-elected to serve another two-year term as an independent director of the Company, effective September 30, 2020.

About LAIX Inc.

LAIX Inc. ("LAIX" or the "Company") is an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning. Its proprietary AI teacher utilizes cutting-edge deep learning and adaptive learning technologies, big data, well-established education pedagogies and the mobile internet. LAIX believes its innovative approach fundamentally transforms learning. LAIX provides its products and services on demand via its mobile apps, primarily its flagship "English Liulishuo" mobile app launched in 2013. On the Company’s platform, AI technologies are seamlessly integrated with diverse learning content incorporating well-established language learning pedagogies, gamified features and strong social elements to deliver an engaging, adaptive learning experience. LAIX provides a variety of courses inspired by a broad range of topics and culture themes to make English learning more interesting and is committed to offering a fun, interactive learning environment to motivate and engage its users.

For investor and media inquiries, please contact:

LAIX Inc.
Harry He
Investor Relations
Email: [email protected]

The Piacente Group Investor Relations
Brandi Piacente
Tel: +1-212-481-2050
Email: [email protected]

Emilie Wu
Tel: +86-21-6039-8363
Email: [email protected]

Related Links :

http://www.liulishuo.com

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Spectrio Named to Inc. Magazine’s 2020 List of America’s Fastest-Growing Private Companies

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Spectrio, one of the nations leading providers of customer engagement technology, announced that it is on Inc. Magazines annual Inc. 5000 list, the most prestigious ranking of the nations fastest-growing private companies.

The ninth time in 13 years its earned the prestigious honor, Spectrio previously ranked on the Inc. 5000 list in 2019, 2014, 2013, 2012, 2010, 2009, 2008, and 2007. Spectrio was listed at no. 3050 on the Inc. 5000 list, up 756 from the previous year.

In early 2020, Spectrio was also named to Inc. Magazines inaugural 2020 Inc. 5000 Series: Florida, ranking at No. 180 of the fastest-growing Florida-based private companies.

Were honored to receive the Inc. 5000 award for the ninth time, as well as being named as one of Floridas fastest-growing companies in 2020, said Brian Harris, vice president of marketing at Spectrio. I am proud of how our team continues to serve our clients at a time when they need us most, while we also set new records for growth.

Spectrios growth has included the expansion of its engineering and product teams, allowing the Company to launch new solutions and complete integrations with major brands including Shutterstock and Amazon Alexa. Spectrio also released its new SHARE mobile application as well as SpectrioCloud, its online account and content management portal.

About Spectrio

Spectrio is one of the nations leading customer engagement technology providers. Known for cultivating unique brand experiences powered by professionally-produced content and marketing technology, Spectrios solutions create a holistic customer journey with Digital Signage, Interactive Kiosks, On-Hold Marketing, On-Premise Messaging and Music, Wi-Fi Marketing, and Scent Marketing. Spectrio serves more than 100,000 client locations, ranging from local businesses to global brands. For more information, visit www.Spectrio.com.

Megan Colby

Communications Director

[email protected]

800-584-4653 x6313

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