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Goldmoney Inc. Announces Date of Third Quarter 2020 Earnings Release

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Goldmoney Inc. (TSX: XAU) (US: XAUMF) (Goldmoney) (the Company), a precious metal financial service and technology company, will announce third quarter 2020 financial results after market close on Friday, February 14, 2020.

About Goldmoney Inc. Goldmoney Inc. (TSX: XAU) is a precious metal focused investment company. Through its ownership of various operating subsidiaries, the company is engaged in precious metal investment, custody and storage, jewelry, coin retailing, and lending. Goldmoney manages and oversees in excess of $2.0 billion in assets for clients around the world. The companys operating subsidiaries include: Goldmoney.com, Menē Inc. (TSXV: MENE), SchiffGold.com, and Lend & Borrow Trust. Through these businesses and other investment activities, Goldmoney gains long-term exposure to precious metals. For more information about Goldmoney, visit goldmoney.com.

Forward-Looking Statements

This news release contains or refers to certain forward-looking information. Forward-looking information can often be identified by forward-looking words such as anticipate, believe, expect, plan, intend, estimate, may, potential and will or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. All information other than information regarding historical fact, which addresses activities, events or developments that the Goldmoney Inc. (the Company) believes, expects or anticipates will or may occur in the future, is forward-looking information. Forward-looking information does not constitute historical fact but reflects the current expectations the Company regarding future results or events based on information that is currently available. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking information will not occur. Such forward-looking information in this release speak only as of the date hereof.

Forward-looking information in this release includes, but is not limited to, statements with respect to: service times for transactions on the Goldmoney network; growth of the Companys business, expected results of operations, and the market for the Companys products and services and competitive conditions. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the Companys operating history; history of operating losses; future capital needs and uncertainty of additional financing; fluctuations in the market price of the Companys common shares; the effect of government regulation and compliance on the Company and the industry; legal and regulatory change and uncertainty; jurisdictional factors associated with international operations; foreign restrictions on the Companys operations; product development and rapid technological change; dependence on technical infrastructure; protection of intellectual property; use and storage of personal information and compliance with privacy laws; network security risks; risk of system failure or inadequacy; the Companys ability to manage rapid growth; competition; effectiveness of the Companys risk management and internal controls; use of the Companys services for improper or illegal purposes; uninsured and underinsured losses; theft & risk of physical harm to personnel; precious metal trading risks; and volatility of precious metals prices & public interest in precious metals investment; and those risks set out in the Companys most recently filed annual information form, available on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by law.

Media and Investor Relations inquiries:

Renee Wei

Director of Global Communications

Goldmoney Inc.

[email protected]

Steve Fray

Chief Financial Officer

Goldmoney Inc.

+1 647-499-6748

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Huawei Releases Banking Resilience Index for 2020 and Beyond

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Measuring the Banking Industry’s Rises to the New Normal

SHANGHAI, Sept. 27, 2020 /PRNewswire/ — At HUAWEI CONNECT 2020, International Data Corporation (IDC), the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications and consumer technology markets, along with Huawei, have released a major White Paper titled "Banking Industry Rises up to the New Normal".  In this paper, IDC and Huawei survey the impact that Covid-19 has had on the banking industry and outlines steps that should be taken by banks to ensure their future success.  As part of this report, IDC and Huawei has developed a Banking Resilience Index, which quantifies the current status of banking by region in terms of six key measures.  This Index shows major regional differences and can be used by banks to assess their own Resilience and provides guidance for where to focus for future success.

At HUAWEI CONNECT 2020, Huawei and its partners are showing the wide range of FSI solutions, including Financial Cloud, smart branches, digital CORE and intelligent data platforms.  These solutions allow banks to reduce costs, increase agility to the rapidly changing FSI environment, attract and retain customers and position themselves against emerging competitors.  The recent disruptions to everyday life have moved the focus of financial services to Mobile and Huawei has been a leader in supporting the move to mobile interactions globally, based on the early experiences in China.  The insights we are sharing are allowing financial customers globally to respond and support customers in these trying times.

These experiences led Huawei to work with IDC on this report.  Some of the major findings in the report concern the financial impact of the pandemic on bank’s balance sheets, the exponential increase in digital payments from mobile devices and the dramatic shift in the role of branches in banking services.  In looking to the future, IDC finds that efforts should concentrate on:

Channel Upgrades – moving to a completely digital customer journey,
Communication Rethink – changing how services are delivered to customers,
Infrastructure Overhaul – building on hybrid cloud and microservices,
Data and Analytics Redefinition – building robust data lake and AI capabilities,
Workflow Reimagining – moving beyond paper and PCs to mobile workflows, and
Platform Transformation – incorporating emerging technologies such as 5G, AI and IoT, etc.

Taken together, the Banking Resilience Index and the focus areas, provide guidance for banks as they deal with the continuing challenges of "The New Normal".

Huawei will continue to expand its engagement with the world’s leading financial organizations and the insights provided by this report will provide a solid foundation for that work.

To download the white paper, please click the link: https://e.huawei.com/en/solutions/industries/smart-finance/banking-industry-rises-up-to-the-new-normal

HUAWEI CONNECT 2020 is an annual flagship event hosted by Huawei for the global ICT industry, and is being held in Shanghai from September 23 to 26, 2020. For more information, please visit:
https://www.huawei.com/en/events/huaweiconnect2020/

Related Links :

http://www.huawei.com/cn

http://www.huawei.com

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For Public Safety Due to Severe Weather and Wind, PG&E Expects to Turn Off Power to Approximately 89,000 Customers in Parts of 16 Counties

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Pacific Gas and Electric Company (PG&E) has announced that it will de-energize certain electrical lines as part of a Public Safety Power Shutoff (PSPS) due to a strong and dry offshore wind event. The PSPS event will affect customers in portions of 16 counties, primarily in Northern Sierra and the North Valley.

The first de-energization phase will begin early Sunday morning and impact approximately 15,000 customers. The second phase is expected to begin Sunday afternoon and will impact approximately 74,000 customers. This PSPS event is based on forecasts of widespread, severely dry conditions and strong, gusty winds. These conditions are expected to continue through Monday morning in most locations.

The power shutoff is expected to impact approximately 89,000 customers in portions of 16 counties, including: Alpine, Amador, Butte, Calaveras, El Dorado, Lake, Napa, Nevada, Placer, Plumas, Shasta, Sierra, Tehama and Yuba counties. Two customers within Sonoma County and 15 customers in Kern County are also expected to be included in the scope of this PSPS.

PG&E is working to improve its PSPS program by making events smaller in size, shorter in length and smarter for our customers. While PSPS is an important wildfire safety tool, PG&E understands the burden PSPS places on its customers especially for those with medical needs and customers sheltering-at-home in response to COVID-19.

Timeline for safety shutoffs

Based on wind forecasts, the process to shut off power will begin in the early morning hours of Sunday, Sept. 27. PG&E expects to begin de-energization for the first wave of 15,000 customers at approximately 2:00 a.m. on Sunday morning.

Weather forecasts project a lull in wind activity during the day on Sunday, and then escalating again Sunday late afternoon. At that timeapproximately 4 p.m.PG&E will begin de-energization for the second wave of 74,000 customers, primarily in the Central Sierra region.

Once the high winds subside Monday morning, PG&E will inspect the de-energized lines to ensure they were not damaged during the wind event, and then restore power. PG&E will safely restore power in stages as quickly as possible, with the goal of restoring power to nearly all customers within 12 daylight hours after severe weather has passed.

Customer notificationsvia text, email and automated phone callbegan Thursday, approximately 48 hours prior to the potential shutoff. Customers enrolled in the companys Medical Baseline program who do not verify that they have received these important safety communications will be individually visited by a PG&E employee to deliver the warning if possible, starting with customers who rely on electricity for critical life-sustaining equipment.

Potentially Impacted Counties and Customers

The power shutoff is currently expected to impact approximately 89,000 customers in the following 16 counties, including:

  • Alpine County: 573 customers, 6 Medical Baseline
  • Amador County: 5,465 customers, 400 Medical Baseline
  • Butte County: 18,001 customers, 1,726 Medical Baseline
  • Calaveras County: 9,978 customers, 386 Medical Baseline
  • El Dorado County: 30,259 customers, 2,011 Medical Baseline
  • Kern County: 15 customers, 0 Medical Baseline
  • Lake County: 55 customers, 2 Medical Baseline
  • Napa County: 216 customers, 5 Medical Baseline
  • Nevada County: 7,260 customers, 434 Medical Baseline
  • Placer County: 9,056 customers, 560 Medical Baseline
  • Plumas County: 785 customers, 24 Medical Baseline
  • Shasta County: 2,816 customers, 241 Medical Baseline
  • Sierra County: 1,099 customers, 22 Medical Baseline
  • Sonoma County: 2 customers, 0 Medical Baseline
  • Tehama County: 1,223 customers, 58 Medical Baseline
  • Yuba County: 1,891 customers, 152 Medical Baseline

Total: 88,703 customers, 6,027 Medical Baseline

Customers can use an address lookup tool to find out if their location is being monitored for the potential safety shutoff at www.pge.com/pspsupdates.

Heres Where to Go to Learn More

  • PG&Es emergency website www.pge.com/pspsupdates is now available in thirteen languages. Currently, the website is available in English, Spanish, Chinese, Tagalog, Russian, Vietnamese, Korean, Farsi, Arabic, Hmong, Khmer, Punjabi and Japanese. Customers will have the opportunity to choose their language of preference for viewing the information when visiting the website.
  • Customers are encouraged to update their contact information and indicate their preferred language for notifications by visiting www.pge.com/mywildfirealerts or by calling 1-800-742-5000, where in-language support is available.
  • Tenants and non-account holders can sign up to receive PSPS Zip Code Alerts for any area where you do not have a PG&E account by visiting www.pge.com/pspszipcodealerts.
  • PG&E has launched a new tool at its online Safety Action Center www.safetyactioncenter.pge.com to help customers prepare. By using the “Make Your Own Emergency Plan” tool and answering a few short questions, visitors to the website can compile and organize the important information needed for a personalized family emergency plan.

Community Resource Centers Reflect COVID-Safety Protocols

PG&E will open approximately 28 outdoor, open-air Community Resource Centers (CRCs) in every county where a PSPS occurs. These temporary CRCs will be open to customers when power is out at their homes and will provide ADA-accessible restrooms, hand-washing stations; medical-equipment charging; Wi-Fi; bottled water; grab-and-go bags and non-perishable snacks. PG&E updates its CRC locations regularly, click here for updates.

All CRCs will follow important health and safety protocols including:

  • Facial coverings and maintaining a physical distance of at least six feet from those who are not part of the same household will be required at all CRCs.
  • Temperature checks will be administered before entering CRCs that are located indoors.
  • CRC staff will be trained in COVID-19 precautions and will regularly sanitize surfaces and use Plexiglass barriers at check-in.
  • All CRCs will follow county and state requirements regarding COVID-19, including limits on the number of customers permitted indoors at any time. 

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation’s cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.

Media Relations

415.973.5930

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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Garrett Motion Inc. – GTX

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NEW YORK, Sept. 26, 2020 — Pomerantz LLP is investigating claims on behalf of investors of Garrett Motion Inc. (“Garrett” or the “Company”) (OTCMKTS: GTXMQ).   Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

The investigation concerns whether Garrett and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On August 26, 2020, Garrett Motion issued a press release entitled “Garrett Motion Exploring Alternatives For Balance Sheet Restructuring.”  The press release advised investors that notwithstanding its entry, on June 12, 2020, “into an amendment into its credit agreement to obtain relief from certain financial covenants,” the Company’s “leverage ratio remains high” and “poses significant challenges to its overall strategic and financial flexibility and may impair its ability to gain or hold market share in the highly competitive automotive supply market, thereby putting Garrett at a meaningful disadvantage relative to its peers.”  

On this news, Garrett Motion’s stock price fell $3.04 per share, or 44%, to close at $3.84 on August 26, 2020.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT: Robert S. Willoughby Pomerantz LLP [email protected] 888-476-6529 ext. 7980

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Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
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