WOOTRADE Announces Strategic Partnership with Injective Protocol

NEW YORK, NY, Jun 12, 2020 – (ACN Newswire) – Injective Protocol officially announces a strategic partnership with WOOTRADE, a leading digital asset dark pool, to combine resources to focus on increasing user adoption in the Decentralized Exchanges (DEX) space. The collaboration will bring together a series of initiatives such as implementing liquidity management, designing crypto asset derivative products and markets, and establishing an international corporate brand.





Decentralized Exchanges (DEX) are one of the most widely talked about topics in Decentralized Finance (DeFi). It is often considered to be the inevitable next evolution of digital asset exchanges due to addressing the growing problems with centralized exchanges such as the lack of transparency in transactions and frequent loss of assets due to hacking or becoming victims to social engineering.

Injective Protocol is a decentralized layer-2 peer-to-peer protocol that aims to enable fast and secure perpetual swaps, futures, leverage and spot transactions on Ethereum. The partnership will facilitate the transaction by leveraging WOOTRADE's transaction depth of 100 BTC with a spread of 0.05%. This liquidity stems from the in-depth aggregation of major exchanges, and the support of quantitative investment research institution Kronos Research for market-making strategies. Kronos has a daily transaction volume of $1 billion. In order to provide sufficient liquidity, WOOTRADE will also provide a low rate of 0% for connected exchanges, which saves hedge costs for exchanges. All in all, this collaborative effort will lead to a paradigm shift in the DeFi world.

WOOTRADE was incubated by Kronos Research, a leading quantitative investment research institution, and is funded by distributed capital from DFund, SNZ, Hashkey, as well as vector capital investment. The dark pool has a team that brings extensive experience in trading crypto assets and secondary assets. The top institutional trader has the technical expertise to manage high-level crypto market derivative products. Injective Protocol's derivatives protocol and technology-driven ecology can provide institutional traders, such as Kronos Research, with the ideal environment and conditions for the fastest, safest and most fair service for its markets and products.

About Injective Protocol

Founded in 2018, Injective Protocol is a fully decentralized, front-running proof layer-2 decentralized exchange. The protocol is based on the Cosmos-SDK and Ethereum network that integrates a verifiable delay function (VDF) to prevent transaction fraud and front-running. Along with early incubation by Binance Labs, they have received support from other top-tier international investment firms.

For More Information:
Website: http://www.injectiveprotocol.com.
Twitter: https://twitter.com/InjectiveLabs
Medium: http://medium.com/injective-labs/
Telegram: https://t.me/joininjective
Press Contact: hello@magicfew.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

CropLife Asia Commends UN Call for Action to Avoid “Global Food Emergency” & Rallies Regional Stakeholders

SINGAPORE, Jun 11, 2020 – (ACN Newswire) – A policy brief released this week by the United Nations (UN), "The Impact of COVID-19 on Food Security and Nutrition", raises serious concerns regarding the effect COVID-19 is having on the most vulnerable parts of society already experiencing hunger and malnutrition. As a result, CropLife Asia is reiterating the need for greater coordination and collaboration across the regional food value chain to ensure a sustainable supply of safe and nutritious food.

Last year, the UN issued research indicating hunger, undernourishment and obesity are at critical levels globally and throughout Asia in particular. According to the 2019 State of Food Security & Nutrition in the World, some 820 million people did not have enough food to eat in 2018 – this was up from 811 million in 2017 and represented the third consecutive year of increase. Meanwhile, over 513 million of those hungry people (or over 62%) call Asia home. When it came to undernourishment, the statistics were also discouraging. In 2018, the largest number of undernourished people around the world (more than 500 million) lived in Asia.

"We're seeing first-hand the diabolical disruption COVID-19 continues to cause our food supply chain in Asia. This UN brief only reaffirms the effect the pandemic is having and heightens the needs for action," said Dr. Siang Hee Tan, CropLife Asia Executive Director.

"CropLife Asia commends the UN for its leadership on this critically important issue. From farm to fork, we all have a role to play in ensuring a safe and nutritious supply of food reaches those who need it most. It's time for the regional stakeholders driving the food supply chain to answer this clarion call by the UN and work together to ensure a food emergency isn't realized in Asia. It's time for greater coordination and collaboration among governments, industries and civil society to deliver results. It's time to get to work."

Feeding our growing global population is a shared responsibility, and plant science continues to play a crucial role. Biotech crops are developed with improved traits such as increased yield, better resistance to pests and/or improved nutrition, among others. These traits are crucial tools that enable farmers to meet global challenges such as food insecurity. Meanwhile, farmers continue to rely on crop protection products to produce more food on less land and raise productivity per hectare. Without crop protection products, 40 percent of global rice and maize harvests could be lost every year[1] and losses for fruits and vegetables could be as high as 50-90 percent.

About CropLife Asia

CropLife Asia is a non-profit society and the regional organization of CropLife International, the voice of the global plant science industry. We advocate a safe, secure food supply, and our vision is food security enabled by innovative agriculture. CropLife Asia supports the work of 15 member associations across the continent and is led by six member companies at the forefront of crop protection, seeds and/or biotechnology research and development. For more information, visit us at www.croplifeasia.org.

For more information please contact:
Duke Hipp
Director, Public Affairs
CropLife Asia
Tel: +65 6221 1615
duke.hipp@croplifeasia.org

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Nili Method and APP helping Couples Choose Baby Gender Naturally

LONDON, Jun 3, 2020 – (ACN Newswire) – Nili Method (www.nilimethod.com), the easy, natural, and safe way to conceive the baby gender that parents wish for, with its new Family Planner, is now available at Google Play and App Store. Determining the gender of your baby is possible, and now, with the Nili method and new App, it is more accessible than ever.

Nili is a method that personalizes a unique day by day program for couples who want to conceive the gender they are wishing for. The personal Nili Family Planner is based on physical parameters and lifestyle, and will provide couples with daily instruction on how to conceive their desired baby boy or baby girl.

Family planning is one of the most significant decisions in life. The Nili Family Planner assists couples on this journey and supports them in the choice of the natural way. Thanks to latest technology, with an accumulation of world best research performed by physicians around the world, it is no longer required to go through a tiresome and expensive process.

And the Nili method and the new Nili Family Planner offer a full money back guarantee. Couples that use the Nili Family Planner and do not conceive their desired gender will receive their money back, without any questions. We have already helped thousands of people all over the world. And now it's your turn to make your dream come true.

People that had doubts beforehand are happy parents today. They follow our gender selection program and give birth to a child of their wished gender. We are so sure about the results that we say, If the method doesn't work with you, we'll return your money. It is reliable, affordable and easy to use. So, why not try?

Contact: Jeniffer Hamilton
office@media-group-international.com
www.media-group-international.com
http://www.nilimethod.com/home/
http://www.nili-family-planner.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

NIU Technologies Announces Q1 2020 Financial Results: Expansion is Undeterred under Global Pandemic, Expects Growth and Profit in Q2 2020

BEIJING, China, May 18, 2020 – (ACN Newswire) – NIU Technologies ("NIU", or "the Company") (NASDAQ: NIU), the world's leading provider of smart urban mobility solutions, today announced its financial results for Q1 2020.

Road to Recovery with a Revenue of RMB 232.9 Million

For Q1 2020, the revenue is RMB 232.9 million, which decreased by 34.4% YoY due to lower sales volume. The total number of e-scooters sold worldwide was 40,160 units, decreased by 39.4% YoY, which is attributed to the damaging effects of the global pandemic. The number of e-scooters sold in China reached 34,316 units, decreased by 43.5% YoY. On the other hand, the number of e-scooters sold in international markets reached 5,844 units, increased by 5.9% YoY. The number of franchised stores in China is 1,033, which decreased by 17 stores. The international sales network has expanded to 33 distributors covering 42 countries.

The revenues per e-scooter increased by 8.2%. The higher revenues were attributed to increased accessories, spare parts, and services per e-scooter, which is now RMB 1,168 compared to RMB 671 in the same period last year. In addition, the gross margin was 23.6%, compared to 21.3% in the same period of 2019. This increase is driven by higher e-scooter revenues from the Company's international markets, and a higher proportion of revenues from accessories, spare parts, and services.

Many aspects of the Company's operations were damaged because of the ongoing pandemic. The two-wheeler e-scooter market has been hit by shutdowns of factories and retail stores. However, the Company was able to persevere and provide support to distributors and dealers with its strong cash and financial position.

The company extended credit payment date for selective distributors and granted full rebate to dealers that suffered from the pandemic – including those who missed the sales volume target in the Q1 2020. The Company also provided training to dealers in China on e-commerce and organized branding and marketing activities to support dealers to accelerate retail sales.

The Company benefited from the strict measures and recovery actions by the Chinese authorities. Supply chain and operations has returned to normal in early April 2020. The Company expects revenues of Q2 2020 to be in the range of RMB 585 million to RMB 655 million, which represents a YoY increase of 10% to 23%.

Arrival of New Products and Expectation to Return to Healthy Growth in Q2 2020

The Company has continued to expand its product portfolio in 2020 and has continued growing its business. Q1 2020 R&D expenses were RMB 22.7 million (including RMB 2 million of share-based compensation), which increased by 58.6% compared to Q1 2019. It increased by RMB 14.3 million and represents 9.8% of the total revenue. In May 2020, the Company launched a new product called MQi2. This is NIU's flagship product under the new national standard for electric bicycles in China. The MQi2 inherits the design language of MQi series and it is also equipped with the Company's most up-to-date technologies. The NIU app is now upgraded to 4.0 version, which is optimized for better interactive experience, improved GPS positioning and anti-theft security. The Company also plan to launch another model under the Gova series in June 2020.

Meanwhile, the Company's long-term expansion plans are in good progress. Retail sales network expansion in China will resume in Q2 2020 and there is also plans to acquire land use right for a new piece of real estate in Changzhou for further factory expansion in light of the rebounding recovery demand in China.

After being listed on NASDAQ for around 1.5 years, the Company is now added into MSCI's China Small Cap Index, which will take place on May 29th 2020. This demonstrates recognition from the capital market.

NIU Technologies CEO Dr. Yan Li said "Since May, distributors and dealers in selective international markets resumed operation and we are working closely with them to re-activate our expansion plans. We are very excited about the enriched product portfolio and we are looking forward to the continued growth of our business and pleased to see demand is recovering in China. Our China sales are expected to return to healthy growth in the second quarter."

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Blood on the streets: is it the right time to invest?

SYDNEY, May 14, 2020 – (ACN Newswire) – In just about three months, the coronavirus managed to spread across the globe triggering an economic crisis in its wake. As a result, the entire globe has experienced a short-term collapse in productivity hence a global financial crisis that experts predict could be worse than that of 2008.

Even though central banks and financial authorities are trying to soften the blow with policies aimed at increasing liquidity in the global economy, it is evident that a global economic downturn is unavoidable. The big question, however, is: How are you as an investor preparing for the looming global economic crisis?

What should investors do?

In the words of Warren Buffet (the oracle of Omaha), the best move is an "attempt to be fearful when others are greedy and to be greedy only when others are fearful." Fear has gripped the markets and for any seasoned investor, the obvious move is to buy low hanging stocks, shares, and bonds in collapsed markets.

However, while markets can be hard to predict even at the best of times, the coronavirus pandemic makes it even harder to understand. Reports show that investors who are getting back into the market are receiving confusing signals as quarterly earnings continue to shrink and corporate reports provide fewer clues about the future.

The truth however is that while some industries are bound to suffer, some will thrive on this pandemic. Therefore, the best move for smart investors is to jump on a platform that gives them a leg up in the market in terms of access to a set of hybrid trading strategies in multiple markets and in a variety of industries.

The tomato analogy

At this time, most investors will be tempted to sit on cash and wait. Even though signs of a market rebound are evident, most investors consider it too early to buy and too late to sell. However, sitting on cash right now will probably do more lasting damage and here is why.

"Government is the only institution that can take a valuable commodity like paper and make it worthless by applying ink." This famous quote by the renowned Australian Economist Ludwig Von Misses, on inflation, is the main reason why you should not sit on cash.

Governments erode the value of each monetary unit whenever they expand a nation's money supply. As governments across the world resort to extraordinary economic stimulus measures in response to the pandemic, the price of assets is bound to go up.

Here is how it works.

Consider the tomato analogy where you are in a market and have only two tomatoes to exchange with your partner's two seashells. In total there are only four items in that market. This means you can swap one tomato for one seashell to the satisfaction of both parties.

However, if two more seashells are discovered in the market while the number of tomatoes remains constant, the price of tomatoes automatically goes up. Now you will have to exchange two seashells for one tomato. This is assuming you only have access to that one market.

What if you had access to avenues of mitigating inflation? You could probably find the most profitable price for your tomatoes or seashells. Well, trusted investment platforms like STAX help you do just that.

With STAX you won't have to settle for the investment options in an inflated market. STAX gives you democratized access to an alternative asset class while enabling you to identify profitable investments even while there is blood on the streets.

What is STAX?

STAX is the first of its kind for raising equity capital in Australia. Its ethos is predicated on bridging the cryptocurrency markets and the traditional securities market. With an investor first approach, the rigorous screening process gives STAX investors access to attractive capital raising opportunities through the utilisation of FIAT or Digital Currencies.

STAX connects companies to people and paves a way for investors to make an impact by investing in the early stages of businesses. At its core, STAX was designed to be an attractive solution for investors. This rings true especially during uncertain times as is the current case with the coronavirus pandemic.

With an investor first approach, STAX allows investors to either use fiat or digital currencies to take part in equity capital raises. This means that FIAT and Digital Currency holders get to invest in companies to create more value in the market thus increasing overall productivity in the economy in the long run.

With this model, STAX democratises access to investors thus lowering the high barrier of entry that locks out startups and small and medium sized enterprises.

The bottom line

Without an inflation-resistant monetary system, an increase in the supply of money in such a system would lead to diminished wealth for investors who choose to hold currency rather than invest appropriately. As the world continues to fight COVID-19, the jury is still out on whether the market will eventually return to normal after the pandemic.

However, for the modern investor, the current pandemic is an opportunity to identify investment opportunities that can stand the test of time. The best move is to rigorously select investment with recurring revenues and scalable business models even amid an economic crisis.

By bridging securities with digital currencies, STAX offers an attractive proposition to experienced investors as well as new entrants to the investment arena. With the secondary market platform in the works, stay tuned for updates at: www.stax.exchange.

You can check out their offerings here https://www.stax.exchange/about/.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

UA Prof Michael Schaller: Trump hasn’t learned history’s lessons on managing a crisis

TUCSON, AZ, May 1, 2020 – (ACN Newswire) – Early in 2020, China publicly reported a mysterious flu-like illness rampant for several weeks in the city of Wuhan. By the end of January, Chinese authorities isolated the city to prevent its spread.

The World Health Organization (WHO) warned member states of an impending pandemic from a novel coronavirus, named COVID-19. Like many emerging 'zoonotic' diseases, the virus likely originated in bats, spread to other animals, and then 'jumped species' to afflict humans who lacked inherited immunity. In the past 30 years, outbreaks of SARS, MERS, H1N1 flu, and Ebola had followed similar pathways.

By late-January, numerous health, economic and security advisers in and outside the Trump administration predicted that COVID-19 would spread globally with lethal impact. President Trump either ignored or disparaged these predictions, telling aides that he formulated policy based on his "instinct" or "gut," not the bellyaching of career officials and scientists he suspected of working for what he labeled the "deep state."

As a measure of his disdain for science, Trump had dissolved several working groups inside federal agencies that the Bush and Obama administrations had tasked with preparing for global health threats. Although no president could prevent a pandemic, the lack of preparation left the country woefully unprepared.

Nations have often responded to pandemics by blaming others. For example, the transmission of syphilis from the New World in the 1490s led Spain, France and England to accuse each other of creating the disease. The outbreak of bubonic plague in the 14th century was attributed to Jews.

The global influenza outbreak of 1918 was dubbed the Spanish flu, mostly because it was first reported that spring in Spanish newspapers that, unlike the wartime press in most countries, remained uncensored. The disease may actually have originated among soldiers in Kansas in the spring of 1918. When infections worsened in the fall, conspiracy mongers suggested Germany, near defeat, had unleashed a biological weapon.

Slow reporting of the 1918 flu contributed to worldwide deaths of over 50 million and as many as 600,000 American fatalities. Then, like now, few medical responses beyond masks, social distancing, and hand washing mitigated the spread. President Woodrow Wilson, who suffered a serious infection in Paris early in 1919 while negotiating the treaty ending World War I, remained oddly silent.

The nation's mayors took the lead in imposing public health measures. Cities like New York and St. Louis that strictly limited public gatherings, mandated wearing masks and closed many businesses, experienced lower infection and death rates than those like Philadelphia that ignored precautions. When Denver eased restrictions prematurely, the flu returned with a vengeance. Cities enforcing stringent restrictions recovered economically much faster than those that conducted business as usual.

In late-January 2020, Trump, like leaders in many countries, imposed a partial ban on travel from China, later extended to Europe. This probably slowed the initial spread of disease. However, the administration did little over the next six weeks to prepare for its inevitable arrival. It failed to stockpile essential medical equipment or develop testing protocols and quarantine procedures.

By initiating these measures early, South Korea, Hong Kong, Singapore and Taiwan successfully limited spread. In Spain, Italy, the United Kingdom and the U.S. where governments delayed action, death tolls spiked quickly.

During the spring of 2020, Trump first dismissed the disease as a "hoax" fanned by his political opponents, then blamed China and the WHO for covering it up. He described himself as a "cheerleader" for America and complained that active measures might negatively impact the stock market and other economic indicators – imperiling his reelection.

Although many politicians, journalists and public health officials initially misjudged the severity of the COVID-19 threat, few were as dismissive as Trump. He called the situation completely "under control" and predicted the virus would soon disappear "like a miracle."

On March 13, as infections spiked, Trump finally acknowledged the risk faced by Americans. He declared a national health emergency, created an inter-agency task force, suggested that people consider avoiding public spaces, and called on some businesses to close. In a head-spinning reversal, the president and his media allies insisted he had recognized the threat early on and had taken decisive action. He even promoted several untested "miracle cures."

By the late-April 2020, a million Americans had been infected and nearly 50,000 had died from COVID-19 complications. Urban residents, the elderly and those with underlying health issues such as diabetes, heart disease, and obesity were most at risk. The continued lack of widespread testing suggested that the actual totals were much higher.

As in 1918, governors and mayors took the lead in responding to the crisis. Early in April, most states closed schools, ordered the shuttering of non-essential businesses, and urged residents to remain home and avoid gatherings in order to slow disease transmission. Neo-logisms entered popular discourse. People spoke of "herd immunity," "social distancing," "contact tracing," "flattening the curve" and "sheltering in place."

Wearing face masks in public became common for the first time since the epidemic of 1918. The spread of the disease exposed chronic lapses in the nation's public health system, such as the folly of tying health insurance to employment as millions of workers lost their jobs. It also revealed the economic and health vulnerabilities of communities of color who suffered high death rates.

While it began as a health crisis, COVID-19 rapidly sickened the economy. As April ended, over 26 million workers, one in six, had lost their job. Projections of unemployment reached as high as 20%. So-called gig workers and low wage employees in the restaurant, hospitality and travel industry were especially hard hit. Air travel declined by an astounding 96%. Professional sports and theaters closed. Millions of employees with jobs worked remotely, while events like marriages and funerals were conducted online. Economists warned that national productivity (GDP) might decline by 30%. Nothing like this had happened since the Great Depression of the 1930s. Even then, the collapse took several years, not weeks. Trump predicted that prosperity would spring back as soon as the virus abated. Yet in the 1930s, even with major New Deal stimulus programs, the toll of the Great Depression lingered until the start of World War II.

Congress and the Federal Reserve rushed to assist unemployed individuals and cash-strapped businesses with multi-trillion dollar assistance packages. Although national politicians agreed on some points, many Democrats and Republics disagreed about how much temporary as opposed to long-term assistance should go to workers, local and state governments, and medical providers.

President Franklin Roosevelt utilized the crisis of the 1930s to promote major economic reforms such as Social Security, minimum wage laws, and public works programs. In 2020 the two parties disputed whether to link enhanced employment and health benefits to additional recovery aid. Days before Trump declared a health emergency, Dr. James Lawler, an infectious disease specialist who advised presidents George W Bush and Barack Obama, wrote to colleagues that no one could have prevented COVID-19 from coming to America. But as early as 2006 the nation had plans to meet the challenge of emerging diseases. His team devised responses resembling those followed in Hong Kong, Taiwan and Singapore.

Unfortunately, the Trump administration had "thrown out… the window… 15 years of institutional learning."

"Pilots," Lawler explained, know "what happens when a crew makes decisions based on intuition rather than what their instruments are telling them."

——-

This press release is the opinion and analysis of the writer.

Michael Schaller is regents professor emeritus of history at the University of Arizona. He has written several books on U.S. history, focusing on America's international relations. Contact him at michaelrschaller@gmail.com.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Bankcoin Reserve (BCR) Fintech Platform Partners with HomiEx

SINGAPORE, Apr 27, 2020 – (ACN Newswire) – Bankcoin Reserve (BCR), an independent liquidity platform, now works with Homiex to provide a unique hedge against volatility. BCR offers a transparent price mechanism from an external valuation source: USD Gold. The mainnet blockchain platform hedges against market manipulation by pegging the ceiling price of USD Gold each month. Furthermore, the BCR protocol is well established and operates as a consensus of sound money principles.

Bankcoin Reserve is on a mission to change the perception surrounding cryptocurrencies and is reimagining money as a financial instrument. This is accomplished by developing a monetary system that is inclusive, rewards the user, encourages the movement of capital while also acting as a stable anchor thereby fostering economic activity and growth.

BCR also provides its user with lucrative incentives as well as a prospective store of value, that helps attract capital into the BCR ecosystem. This is achieved by tethering the value of one BCR coin to the prevailing price of one troy ounce of gold. Here, the ceiling market price of one troy ounce of gold in the previous month becomes the floor price of Bankcoin Reserve for the following month until a new ceiling price is achieved.

Bankcoin Reserve also creates value for the user through its ability to mint up to 10% per annum of the principal amount when held in its proprietary digital wallet. In addition, what also makes Bankcoin Reserve unique is its ability to cater to any and all sectors. Bankcoin Reserve patents (a total of 9) explain BCRs vast capabilities to change and improve the financial system, when dealing with transactions, flow of funds, security holdings, interests and much more. The ethical uses for Bankcoin are endless.

BCR is enjoyed the world over by individuals and businesses alike. BCR wallets have been downloaded in Japan, Canada, France, Germany, Italy, United Kingdom, United States, United Arab Emirates, Israel, Ukraine, Indonesia, Singapore, Hong Kong, China, Philippines, Peru, Colombia, Mexico, Bahamas, Seychelles, New Zealand, Australia, Kenya, Ghana, Thailand, Vietnam, India, Jamaica, Latvia and other countries.

BCR is used to pay for groceries, food, pizza and a myriad of other services from the hair salon or barber to house improvement and plumbing services. Many merchants are offering services in exchange for BCR. Brick-and-mortar businesses accept Bankcoin Reserve (Australia), Bankcoin Global (Mexico) and often BCR@W (Hong Kong), while others in Germany, France, Hong Kong, Macau, Kenya, United Arab Emirates, Mexico, Greece and other countries are now accepting BCR.

Maarten Platenkamp,
General Manager, Bankcoin Reserve.
Tel: +61 459 305 005
Email info@bankcoinreserve.io
https://t.me/BankcoinReserveNews
https://bankcoinreserve.io


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

US M&A partner, Enerkon Solar International (ENKS OTC) Takes 20% of Albayraklar a Major Turkish Defense Company

DELRAY BEACH, FLORIDA, USA, Apr 24, 2020 – (ACN Newswire) – Enerkon CEO Mr. Benjamin Ballout stated that "An agreement was signed this week on the purchase of 20 percent shares in Albayraklar Defense, a subsidiary of Albayraklar Holding, to Enerkon – (ENKS)."





In addition to the sale of shares, a company under the name of Wattozz Holdings Inc was established in the USA, and that 49 percent of this firm would belong to the Turkish side. According to the statement, the Wattozz company as an ENKS corporate Division under the license of Enerkon, will be listed on the NASDAQ stock exchange trading under its own symbol and trade name.

Wattozz, Albayraklar Defense EW Division plans mass production, electric weapons factories to be established in Turkey and two in the United States which will create many jobs at this critical time and market to National and International Police and Military Organizations.

Among the world famous products of Albayraklar Savunma, wireless electroshock gun Wattozz (a replacement for the common Taser type weapon) can be controlled remotely, with NO wires and the T61 gun modification system, which eliminates the problem of kickback and hacking in all kinds of short or long barreled rifles and pistols, comes to the fore. The aircraft, (UAV) which has a 3-axis firing capability, will be produced in the factory's, which would start operating in the USA if or when regulatory approvals are obtained from Federal Authorities.

Mr. Ballout thanked Mr. Harun Sevimli – CEO of Sevtron Global for introducing the transaction to ENKS and agreeing to take a board position in the new company.

Mr. Ballout further stated that a BakerTilly Valuation report issued on the Patents and Product Market Values exceeded $1 Billion USD for the Albaraklar products are now combined with the ENKS-Albaraklar international Partnership and Major USA Police Union affiliates have expressed interest in the new taser type, Police Defense Weapon System.

The foregoing statements are forward looking statements, and as such, they may or may not reflect the results which could transpire in the future which should be negative or not transpire at all due to circumstances or other reasons and investors, shareholders, or others should not rely on these forward looking statements to ascertain any value if any of ENKS or to make any investment decisions and to take note that this is not an offer to buy or sell securities or an endorsement of ENKS for investment purposes as all investment carry a risk of loss sometimes a total loss of your investment in Micro cap shares markets or any market and therefore such statements or plans should not be relied upon for any business decisions of any kind. Approvals and permissions required by federal regulations may or may not be approved and if not approved may result in the loss of all value and all investments in products requiring such regulatory permissions to market and sell. These statements are made as forward looking statements for educational purposes only in accordance with the rules and regulations which pertain to the same.

Contact Information:

Mr. Benjamin Ballout
Enerkon Solar International Inc.
Phone: +15614317762
Email: info@enerkoninternational.com

This news release was issued through EmailWire – the global newswire with press release distribution services: http://www.emailwire.com .

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Lv Weisheng, VP, Shanghai Institute of Public Relations: China’s Contribution Cannot Be Denied

NEW YORK, NY, Apr 19, 2020 – (ACN Newswire) – Last week a report entitled "The Global Pandemic Resistance, Can Not Do without China's Contribution and Experience" has attracted wide attention in overseas media. It highly recognizes China's successful experience in fighting the epidemic and its help to other countries in the world.





The author, Lv Weisheng, vice-president of the Shanghai Institute of Public Relations, believes the strong prevention and control measures taken by China not only safeguarded the health and public safety of the Chinese people, but safeguarded global public safety as well.

Lv: China's great sacrifice should be known to the world.

The lockdown of Wuhan on January 23 made history in China. A city with more than 10 million people had been locked down to prevent the spread of COVID-19. It was also China's first line of defense in preventing the epidemic from spreading overseas.

From February 11, Wuhan applied a closed-hand management approach to all residential communities and updated the diagnosis, treatment, prevention as well as control plans in a timely manner. More than 40,000 medical workers were dispatched from all over the country to support Hubei. Additional fiscal resources were provided to support the fight against the epidemic on many occasions, along with prompt medical aid and supplies to ensure the supply of daily necessities.

Two special hospitals were built in just over ten days, and a number of mobile hospitals were set up for handling emergency cases. The "China-Pace" has shocked the world. The determination and heroism of China's medical workers was impressive. Their efforts have paid off. The joint expert study group said the epidemiological curve showed those measures led directly to a gentle decline in new cases or at least they remained at a low level.

Tedros Adhanom Ghebreyesus, Director General of WHO, said that China had contained more than 99% of the confirmed cases within its borders, which created a valuable period for the international community to begin fighting the epidemic.

Prevention and control measures, such as reducing travel and migration, will inevitably have negative impacts on the economy and the society. The direct impact of the epidemic on the economy is mostly concentrated on areas like transportation, tourism, entertainment, culture, education, retail and other tertiary industries. During this period, economic activities including the "Spring-Festival-Economy" which involved tourism, movies and catering, had been suspended.

"Only a country like China, which has such a singular political system, would rather sacrifice through a short period of economic downturn, but still choose to be responsible for the people, as well as the world". In Lv's view, Chinese anti-epidemic model is a practical approach to building a community and shared future for mankind.

As one of the great countries, China is responsible. Since the outbreak of coronavirus, China has been the first to identify the pathogen, the first to share its gene sequence with the World Health Organization, and the first to take the strictest prevention and control measures. China is also the first country to have achieved initial results in epidemic prevention and control, and to share its experience in fighting the epidemic with relevant countries. China also provided anti-epidemic assistance to more than 120 countries and 4 international organizations. China's actions have received positive affirmation within international communities.

"Foreign governments and public opinion have also taken note of China's efforts to combat the epidemic," LV said. The AAAS published magazine SCIENCE also recently published a joint report by researchers from the United Kingdom, the United States and other countries, saying that China's prevention and control measures successfully broke the chain of virus transmission as it strived to win valuable time for other countries to take their measures.

However, some western politicians and media have initiated a smear campaign against China since the outbreak. While China's "lockdown" meant the violation of "human rights and freedom," the "lockdown" in the west means "nobility". Even a dignitary renamed the coronavirus as the "Chinese virus". Someone even claimes China is telling lies for the COVID-19 pandemic and should take full responsibility. All of these scenarios only show prejudice and pride.

China's contribution to world epidemic prevention and control cannot be denied since it is a fact recognized by most nations in the world. Those who smear, as some foreign netizens said, only just find an excuse for the failure in epidemic prevention.President Xi Jinping pointed out that anti-epidemic activities are not only duties for the safety and health of the Chinese people, but also a responsibility for global public health.

Lv Weisheng also said at the end: "under the epidemic, science should be used to defeat ignorance and cooperation should be used to resist prejudice. China has always been a responsible country and it is committed to helping the international community resolutely fight against the epidemic."

Lv Weisheng, Vice President of the Shanghai institute of public relations.

Source: Peter Lin, HK NGO. e: Perte_lin2012@gmail.com.


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Paradise Entertainment Limited Reports 2019 Annual Results

HONG KONG, Mar 27, 2020 – (ACN Newswire) – 2019 ANNUAL RESULTS HIGHLIGHTS

Group Annual Results
Achieved solid results with an increase in total reported revenue
– Group reported revenue up 1.5% year-on-year to HK$1,181.8 million
– Group Adjusted EBITDA decreased 27.9% year-on-year to HK$87.0 million
– Profit for the year was HK$10.6 million

Casino Kam Pek Paradise
Affected by temporary suspension of LMG terminals for upgrade of the LMG terminals pursuant to the Technical Standards during the year and the accrual for the relevant bonus scheme of SJM for gaming operation employees of HK$23.2 million
– Gross gaming revenue ("GGR") decreased by 11.3% year-on-year to HK$1,270.2 million
– Contributed HK$141.5 million to Adjusted EBITDA of the Group
– Live-Multi Game ("LMG") machines contributed around 42.1% of total GGR
– Accrual for the relevant bonus scheme of SJM for gaming operation employees of HK$23.2 million

Casino Waldo
Increase in GGR but relatively high operating costs
– GGR increased by 8.6% year-on-year to HK$547.1 million
– Contributed a loss of HK$27.5 million to Adjusted EBITDA of the Group
– Following the expiration of the related service contract on 29 February 2020, the Group ceased providing casino management services in the casino since 1 March 2020

Electronic Gaming Equipment and Systems
Robust growth driver, sales and upgrades contributed to growth
– Revenue of electronic gaming equipment and systems up 82.5% year-on-year to HK$177.6 million
– Sold 799 LMG terminals and provided upgrading services to 1,051 LMG terminals in Macau
– Contributed HK$5.4 million to Adjusted EBITDA of the Group
– Research and development and other costs of HK$88.5 million were incurred to Adjusted EBITDA of this segment, dedicated to develop new innovative products and build up game assets/library to improve/maintain our competitive advantages

2019 ANNUAL RESULTS HIGHLIGHTS

Group Annual Results
Achieved solid results with an increase in total reported revenue
– Group reported revenue up 1.5% year-on-year to HK$1,181.8 million
– Group Adjusted EBITDA decreased 27.9% year-on-year to HK$87.0 million
– Profit for the year was HK$10.6 million

Casino Kam Pek Paradise
Affected by temporary suspension of LMG terminals for upgrade of the LMG terminals pursuant to the Technical Standards during the year and the accrual for the relevant bonus scheme of SJM for gaming operation employees of HK$23.2 million
– Gross gaming revenue ("GGR") decreased by 11.3% year-on-year to HK$1,270.2 million
– Contributed HK$141.5 million to Adjusted EBITDA of the Group
– Live-Multi Game ("LMG") machines contributed around 42.1% of total GGR
– Accrual for the relevant bonus scheme of SJM for gaming operation employees of HK$23.2 million

Casino Waldo
Increase in GGR but relatively high operating costs
– GGR increased by 8.6% year-on-year to HK$547.1 million
– Contributed a loss of HK$27.5 million to Adjusted EBITDA of the Group
– Following the expiration of the related service contract on 29 February 2020, the Group ceased providing casino management services in the casino since 1 March 2020

Electronic Gaming Equipment and Systems
Robust growth driver, sales and upgrades contributed to growth
– Revenue of electronic gaming equipment and systems up 82.5% year-on-year to HK$177.6 million
– Sold 799 LMG terminals and provided upgrading services to 1,051 LMG terminals in Macau
– Contributed HK$5.4 million to Adjusted EBITDA of the Group
– Research and development and other costs of HK$88.5 million were incurred to Adjusted EBITDA of this segment, dedicated to develop new innovative products and build up game assets/library to improve/maintain our competitive advantages

Outlook
Debut of new slot machines in Macau and global gaming markets and continue to explore further opportunities
– Slot machines – debut of self-developed new slot machines in the worldwide gaming markets including Americas, South East Asia and Macau, etc.
– LMG – sale and upgrade of LMG machines continues in Macau and overseas
– Other gaming equipment and systems – new innovative ETG and accessories are in deployment pipeline
– Other high-tech products – debut of 5G and AI high-tech products which will soon be launched to the market

Balance Sheet
Healthy balance sheet, liquid with a low gearing ratio
– Cash and cash equivalents of HK$274.4 million
– Net cash (cash and cash equivalents less bank and other borrowings) of HK$126.5 million
– Low leverage position with a gearing ratio of 24.3% (bank and other borrowings over equity)

Outlook
Debut of new slot machines in Macau and global gaming markets and continue to explore further opportunities
– Slot machines – debut of self-developed new slot machines in the worldwide gaming markets including Americas, South East Asia and Macau, etc.
– LMG – sale and upgrade of LMG machines continues in Macau and overseas
– Other gaming equipment and systems – new innovative ETG and accessories are in deployment pipeline
– Other high-tech products – debut of 5G and AI high-tech products which will soon be launched to the market

Balance Sheet
Healthy balance sheet, liquid with a low gearing ratio
– Cash and cash equivalents of HK$274.4 million
– Net cash (cash and cash equivalents less bank and other borrowings) of HK$126.5 million
– Low leverage position with a gearing ratio of 24.3% (bank and other borrowings over equity)

Mr. Jay Chun, Chairman and Managing Director of Paradise commented, "The Group continued to record solid results for 2019 with 1.5% increase in total reported revenue to HK$1,181.8 million and recorded an Adjusted EBITDA of HK$87.0 million in 2019."

Electronic Gaming Equipment and Systems
For 2019, revenue from electronic gaming equipment and systems segment amounted to HK$177.6 million, representing an increase of 82.5% over that of 2018. Revenue for 2019 represented mainly the sale of a total of 799 LMG terminals and the provision of upgrading services to 1,051 LMG terminals at various casinos in Macau pursuant to the new technical standards. In 2019, the Group increased its investment in research and development and other costs on ETG machines, slot machines, casino management systems, etc. from HK$66.6 million in 2018 to HK$88.5 million in 2019 mainly for the development of our game assets/library which are important for us to improve and maintain our competitive advantages in the long run. Adjusted EBITDA from the electronic gaming equipment and systems segment for 2019 was HK$5.4 million, as compared to a loss of HK$50.7 million for 2018.

Casinos under the Group's Management
Total GGR generated by Casino Kam Pek Paradise decreased by 11.3% to HK$1,270.2 million in 2019 when compared to 2018. The decrease was mainly due to the temporary suspension of LMG terminals at the casino for upgrade of the LMG terminals pursuant to the new technical standards (all required upgrade for LMG terminals in the casino has been completed). In 2019, the casino contributed HK$141.5 million to Adjusted EBITDA of the Group, representing a decrease of 36.2% over that of HK$221.8 million for 2018. The decrease in Adjusted EBITDA was mainly due to the decrease in GGR generated by the casino for 2019 and the accrual for the Group's reimbursement to SJM of employees' bonus under the relevant bonus scheme of SJM for those gaming operation employees employed by SJM who work for the casino under the Group's management amounting to HK$23.2 million.

As for Casino Waldo, total GGR generated increased by 8.6% to HK$547.1 million when compared to that for 2018. However, the casino recorded a loss of Adjusted EBITDA of HK$27.5 million to the Group, as compared to a loss of HK$24.2 million for 2018. Considering the recent requirement to invest further for additional monitoring system and equipment to Casino Waldo to comply with new regulatory requirements which the Group considered that might be not recovered before end of the existing gaming concession, the relative high operating costs of the casino, and also the adverse impact from the recent outbreak of a respiratory illness, following the expiration of the related service contract on 29 February 2020, the Group has decided to cease providing casino management services in Casino Waldo since 1 March 2020.

The Group shall then concentrate its focus on the operations of Casino Kam Pak Paradise so as to maximise the return from the provision of casino management service in this casino to the Group.

Prospects
Mr. Jay Chun added, "Our first ever-self developed slot machines were approved by DICJ in 2019 which marked an important milestone to diversify our business to slot machine segment ever since we developed the flagship product the LMG machines in Macau. We have also started to debut our self-developed slot machines to Americas and South East Asian markets in various casinos to emerge as one of the leading gaming companies. We are confident that the innovative slot machines will generate fresh revenue streams for the Group apart from our LMG systems. The launching of new slot machines and new library of slot titles also signify the ambition of the Group to become a leading gaming technology company in the world.

In recent years, the Group has continuously increased its investment on research and development for the attainments of innovation and breakthrough in design and applications of 5G, AI and other high-tech products such as smart wear, smart home and wireless terminal products with a view to providing customers' needs with professional solutions on high-tech products in areas of education, sports and living, etc. Global market of smart wear and smart home has been growing and is anticipated to keep flourishing at a robust pace. These high-tech products will generate fresh revenue streams for the Group in the years ahead and we believe that high-tech and gaming industry will merge more closely in future.

Relating to the recent outbreak of a respiratory illness caused by a novel coronavirus affecting public health, the Group considers such coronavirus disease will inevitably have adverse effect on the Group's operation. The Group is very cautious about this global health emergency and is committed to take all possible protective measures to the well-being and safety of our patron customers as well as our staff, and at the same time, improve businesses and reduce operating costs of the Group during the tough period of time.

Looking ahead, the Group will never rest on its laurels but will continue to acquire top talents and increase its investment in high-tech avant-garde gaming products, aiming to explore more opportunities in the gaming technology space and expand its market share in the gaming industry worldwide. Nevertheless, we are cautious due to a range of geo-political and economic challenges and the virus epidemic which may impact consumer confidence in 2020. We remain confident in the longer-term outlook for Macau in general and believe that the Greater Bay Area integration plan will further facilitate the flow of people, logistics and capital within Macau, Hong Kong and the nine cities of southern Guangdong. We will continue to support and leverage on the Greater Bay Area integration plan. The Group remains cautiously optimistic and will strive to identify new business opportunities in Macau and overseas markets and maximise returns to our shareholders."

Paradise Entertainment Limited
Paradise Entertainment Limited (HKEx: 1180) engages in the development, sale and leasing of electronic gaming equipment and systems, as well as the provision of casino management services in Macau. Paradise is the inventor, patent owner and sole provider of Live-Multi Game terminals and dominates the Electronic Table Games market in Macau. The Group has also been developing slot machines. Apart from casino management business in Macau, Paradise envisions to become a global leader in gaming equipment. In addition to the aforesaid businesses, the Group also develops high-tech products in areas including 5G and Artificial Intelligence related products.

For more information about Paradise Entertainment Limited, please visit our company's website: http://www.hk1180.com.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com