Ground Labs’ GLASS Studio — An Intuitive No-code Approach to Customized Data Discovery

Taking Control of Your Data Just Got Easier With GLASS Studio

AUSTIN, Texas, Sept 5, 2023 – (ACN Newswire) — Ground Labs, the leading provider of data discovery solutions, today announces the release of GLASS Studio^TM.

GLASS Studio simplifies the creation and deployment of custom data patterns for Enterprise Recon, Ground Labs’ flagship data discovery and management solution.

Using its guided visual builder and no-code interface, GLASS Studio empowers customers and partners to take advantage of Enterprise Recon’s proprietary GLASS Technology^TM. GLASS Technology enables the rapid, accurate discovery of custom and non-standard data types across on-premise and cloud-based environments and services.

Requiring no coding knowledge, GLASS Studio users can tailor their own data patterns from scratch or modify them from a library of pattern templates. These can be refined with a variety of context rules, checksum validations, boundary rules and exclude/require rules. With its instant test feature, GLASS Studio ensures accurate and error-free customization.

GLASS Studio unlocks the power of Enterprise Recon’s customization features enabling even greater visibility and control of data across the enterprise, whether for compliance, digital transformation or other strategic purpose.

“The release of GLASS Studio marks a new stage for Ground Labs. We are giving customers control of how they search for their own data, allowing them to tailor their data discovery efforts to their own increasingly complex needs,” says Don Kaye, COO and CCO of Ground Labs. “As data protection and privacy regulation mounts around the world, organizations need to be able to discover and protect the growing stores of data quickly, accurately and efficiently.”

GLASS Studio will be generally available from September 5, 2023. Enterprise Recon Pro and Enterprise Recon PII users will be able to take advantage of GLASS Studio’s capabilities from today at no extra cost. For more information, visit www.groundlabs.com, or reach out to info@groundlabs.com.

About Ground Labs

Ground Labs, the leading provider of data discovery solutions, enables organizations to discover, manage and remediate all of their data across multiple types and locations — whether it is stored on-premises or in the cloud. Enterprise Recon serves as the most comprehensive and trusted solution in the enterprise to confidently mitigate risk and find personal, sensitive and confidential data. For more information, please visit www.groundlabs.com.

Media contact:
Anne Harding
The Message Machine Ltd (PR for Ground Labs)
anne@themessagemachine.com

Air India Express unveils vision and differentiators, charting the path ahead in the run up to its brand launch

SINGAPORE, Sept 4, 2023 – (ACN Newswire) – Air India Express today unveiled the vision for the organisation that would be formed with the merger and integration with AIX Connect, currently operating as AirAsia India. The airline also charted the path forward, building on the key milestones already achieved as part of the Air India Group’s ongoing 5-year transformation journey, Vihaan.AI.

The vision and key differentiators build on the shared brand purpose of Air India and Air India Express, ‘to transform a national institution into national inspiration‘. Aloke Singh, Managing Director, Air India Express and AIX Connect, articulated the airline’s Vision ‘to inspire new possibilities and make meaningful connections with unmatched warmth‘ in a town hall to employees of both airlines, elaborating on the focus areas of integration, growth and transformation, the inflection point that the airline is on, and the aspirations and ambitions for growth.

Talking about the vision, differentiators and path ahead, Aloke Singh, Managing Director, Air India Express and AIX Connect, said, “Our resolute vision encapsulates our key differentiators – making meaningful connections, delivering unique experiences and providing best-in-class value with Indian warmth. Our ambitions will ride upon our huge fleet and network expansion, in the domestic India market as well as short-haul international region – Unlocking synergies with the merger of the two entities, and network integration with Air India; Growth and expansion, for a meaningful market presence as well as cost-efficiencies; and Achieving excellence in all areas, becoming a preferred brand for a confident new India.”

The differentiators detail the airline’s business model and brand promise in the run up to the brand launch of Air India Express, expected to be unveiled within the next couple of months:

Meaningful Connections: Nurture ‘meaningful connections’ that transcend borders, bringing people, communities, and cultures closer together, to embody the spirit and diversity of India, making every journey a delightful and memorable travel experience.

Unique Experiences: Curate and deliver ‘unique experiences’ with unmatched Indian warmth, leveraging technology to make journeys frictionless and personalised. The product offerings and service experience will embody the warmth of Indian hospitality, with services like Gourmair, the airline’s award-winning in-flight dining brand, curated to cater to diverse culinary preferences with a wide range of regional and healthy hot meals and lite bites.

Best-in-Class Value: The pursuit of ‘best-in-class’ value goes beyond the fundamentals of cost and business model, offering customisable and relevant services for each guest and journey, based on their preferences and aptitude, while retaining consistent and reliable operational efficiency.

Specific projects have been identified to achieve these aspirations, focussing on enhancing the guest experience, optimising the network for market dominance, streamlining operations with a digital-first approach, fostering talent with an innovative and winning culture, and creating value for all stakeholders through sustainable practices, transparent decision-making, and prudent governance.

Earlier this year, AIX Connect and Air India Express launched the unified website, airindiaexpress.com, allowing users to book and manage services from both airlines on domestic and international sectors; common social media handles (airindiax) and support channels; and an integrated Passenger Service System. Both airlines have also synergized a host of other ancillary add-on services and sub-brands, including Gourmair in-flight dining, Xpress Prime seats, and Xpress Ahead priority services. The airlines also recently announced the harmonisation of new grades, compensation, and benefits with Air India, enabling a unified structure and streamlining career paths across the Air India group.

About Air India Express and AIX Connect

Air India Express and AIX Connect, are subsidiaries of Air India, together operating over 300 flights daily across 30 domestic and 14 international airports, with a fleet of 54 aircraft, comprising 26 Boeing 737s and 28 Airbus A320s. The airlines offer comfortable seats, Gourmair hot meals and Xpress Ahead priority services, with the promise of fast bookings, fab deals and fantastic value on its award-winning website, airindiaexpress.com.

Established in 2005, Air India Express is the market leader on routes between India and the GCC, with a network spreading over 34 destinations, including India, the Middle East and Singapore. In January 2022, Air India Express, together with Air India, was successfully privatised, with ownership returning to the Tata group that had initially founded Air India.

AIX Connect Private Limited (currently operating as AirAsia India), was launched in 2014, operating as a joint venture between Tata Sons and AirAsia Aviation Group. The airline flies over 50 direct and 100 connecting routes across 19 destinations in India, offering pioneering in-flight entertainment AirFlix, and a host of exclusive loyalty benefits for members of the Tata NeuPass rewards program. In November 2022, AIX Connect became a wholly-owned subsidiary of Air India.

For media queries, please contact:

Air India Express
PG Prageesh
pg.prageesh@airindiaexpress.com
Rohit Kumar
rohitkumarsingh@airasia.co.in

Adfactors PR
Abreshmina Quadri (National): +91-8826721799
Jeevan Chandy (Kochi): +91-9447302033
airindiaexpress@adfactorspr.com

Colonial Cousins-Hariharan and Leslee Lewis, Organised by Teamwork Arts, Enthrall the Singapore Audience

Singapore, Sep 4, 2023 – (ACN Newswire) – The iconic duo, Colonial Cousins, consisting of the legendary playback singer Hariharan and the versatile musician Leslee Lewis, cast a spell on the audience at the prestigious Esplanade Theatre in Singapore on the evening of September 1, 2023. The highly anticipated event, presented by Teamwork Arts, proved to be an unforgettable evening filled with soulful music and electrifying performances.

Colonial Cousins band members along with Hariharan and Leslee Lewis ( Top L- 2 /3 ) along with Shweta Asnani, Director, Teamwork Productions (In Maroon) at Esplanade Theatre, Singapore.

The Colonial Cousins' performance was a magical fusion of melodious harmonies showcasing their two-decade-long musical journey and their signature blend of Indian classical, pop, and world music. The duo mesmerized the audience with their timeless hits, transporting them on a musical odyssey through a myriad of emotions.

Hariharan's soul-stirring vocals and Leslee Lewis' exceptional musical prowess created an atmosphere that left the audience spellbound. The Esplanade Theatre, renowned for its acoustics and grandeur, provided the perfect backdrop for this musical extravaganza. The Colonial Cousins' concert at Esplanade Theatre will be remembered as a night of musical brilliance and a celebration of timeless artistry. The event brought together music enthusiasts, fans, and connoisseurs of all ages, uniting them in their love for World music.

Shweta Asnani, Director of Teamwork Productions, shared her enthusiasm, saying, "We are delighted to have had the privilege of presenting the Colonial Cousins in Singapore. Their performance was nothing short of extraordinary, and it was heartwarming to witness the audience's overwhelming response. We are committed to continuing our tradition of delivering exceptional live experiences."

The next on the chart by the production house will be Ghazals (a form of poetic expression in Urdu and Persian literature) show by legendary Ustad Ghulam Ali- Three Generations One One Stage Heritage Series. The show will be held on the 23 September 2023 at the Capitol Theatre in Singapore.

Javed Ali the singer known for his popular songs such as Srivalli, Jashn-E-Bahaaraa (Jodhaa Akbar, 2011), Tum Tak (Raanjhanaa, 2013), and Tu Jo Mila (Bajrangi Bhaijaan, 2015) will regale the audience on 12 October 2023 at Esplanade Concert Hall.

About Teamwork Productions

Teamwork Productions is a leading event management company known for curating exceptional experiences through performing arts.This collaboration marked a significant milestone in the entertainment industry, reaffirming Teamworks' commitment to bringing world-class artists to the forefront. For more information, visit https://teamworkarts.com/.

For Media/Alliance contact:
Ganesh S
Director, Mett.AI
ganesh@mettai.world
https://www.mettai.world

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Hospitality and Travel sector job roles in Singapore see 8% growth in hiring: foundit Insights Tracker

The country’s annual hiring activity dipped by 14%, however hiring in the Hospitality, Travel, Real Estate, and Healthcare sectors remain positive
Import/Export, Oil & Gas, Retail/Trade, and Logistics industries in Singapore have maintained a steady and gradual online hiring activity over the last few months

SINGAPORE, Sept 4, 2023 – (ACN Newswire) – foundit (formerly Monster APAC & ME), one of the leading talent platforms, today published the foundit Insights Tracker (fit) for July 2023, formerly published as Monster Employment Index (MEI). According to the Singapore fit report, job roles in Hospitality, Travel, and Real Estate have impressively grown by 8% over the past year.

Additionally, the tracker recorded a 14% dip in hiring activity, as the index climbed down from 139 in July 2022 to 120 in July 2023. The tracker also revealed that it has become more challenging over the last six months, witnessing a 6% decline in job demand. Despite the country’s moderate economic growth, the labour market revealed an optimistic hiring outlook for professionals in Hospitality & Travel, Real Estate, and Healthcare fields.

Commenting on the Singaporean job trends for July 2023, Sekhar Garisa, CEO, foundit, said, “Although the labour market revealed signs of vulnerability that resulted in a subdued rate of hiring, Singapore has showcased tremendous resilience in certain sectors and job roles. Singapore is an international hub for hospitality & tourism, and there is always enough scope for growth. The island city lures visitors and businesses from around the globe, which is also a testimony to the increase in job demand in the import/export sector. We expect to see better hiring intentions in the coming quarter as companies also revisit their talent requirements. “

Import/Export sector leads in hiring activity, while IT, Telecom/ISP, and Production/Manufacturing witness a significant drop in hiring activity

The fit revealed that 3 out of 15 industry sectors monitored by the tracker saw growth in online recruitment activity between July ’22 and July ’23. While the Import/Export (+2%) sector experienced a slight increase in job demand, showcasing a subtle uptrend attributed to the growth in Singapore’s total merchandise trade in the first quarter of 2022, particularly in the import of food and healthcare products. Oil & Gas (0%) sector and Retail/ Trade and Logistics (0%) sector exhibited stability with no change in job demand compared to the previous year.

However, a few other significant sectors experienced a decline in online recruitment activity. IT, Telecom/ISP, BPO/ITES, and Production/ Manufacturing sectors witnessed a significant reduction in hiring by (-26%) and (-20%), respectively. These downturns can be linked to the challenges posed by global uncertainties, contributing to the pronounced impact on these sectors. Other notable industries also experienced a lower level of opportunities compared to the previous year, such as Shipping/ Marine (-2%), Hospitality (-3%), Healthcare (-3%), Consumer Goods /FMCG (-5%), Engineering, Construction and Real Estate (-6%), BFSI (-13%), and Education (-14%).

Hospitality & Travel job roles, Real Estate, and Healthcare professionals lead the hiring trends

In terms of functional roles, Hospitality & Travel and Real Estate professionals saw the most significant demand in July ’23. They recorded a growth rate of (+8%) driven by the surging demand from both international visitors and local patrons. Also, the soaring prices for residential properties and the apprehension about future price escalation prompted individuals to purchase, which has led to a high demand for Real Estate (+8%) professionals. Singapore is also a country that pushes for new technology innovations and artificial intelligence in healthcare. The year registered a (5%) increase in hiring healthcare professionals from the year-ago level.

On the other hand, job roles in the software, hardware, and telecom industries experienced a significant 35% decline Y-o-Y, owing to the dip in industrial production in the country. Industrial production logged the tenth consecutive month of contraction, which affected job roles, including Marketing & Communications (-18%) and Legal (-12%). These three functional roles showcased one of the most substantial annual drops in e-recruitment activity. The job roles in HR & Admin (-1%) and Customer Service (-5%) dipped annually; however, they maintained stability, retaining a similar level to the previous month. In contrast, professionals in Engineering/ Production (-7%), Sales & Business Development (-8%), Purchase/ Logistics/ Supply Chain (-9%), and Finance & Accounts (-9%) projected negative growth but have improved over the last month in July ’23.

About foundit Insights Tracker

The foundit Insights Tracker (fit) is a comprehensive monthly analysis of online job posting activity conducted by foundit.in. Based on a real-time review of millions of job listings from a wide range of online career platforms, the index offers a snapshot of online recruitment activities nationwide. Previously known as the Monster Employment Index, it provided a comprehensive perspective on hiring patterns based on industry, role, location, and experience. Now, in its new avatar, it delivers more detailed insights on recruitment trends, focusing on the demand for specific skills, available positions, and the salary ranges in the market.

Period for the report

The period considered for the foundit Insights Tracker (fit) data is July 2022 vs. July 2023.

About foundit – APAC & Middle East

foundit, formerly Monster (APAC & ME), is a leading talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. Since its inception, the company has assisted over 75 million registered users to find jobs, upskill, and connect with the right opportunities across 18 countries. Over the last two decades, the company has been a catalyst in the world of recruitment solutions with advanced technology, seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies. Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech to sharpen hyper-personalized job searches, and precision hiring. foundit strongly believes that a job title doesn’t define one’s potential and leverages technology to dig deeper to curate opportunities central to the needs and aspirations of each user.

Contact
Namrata Sharma
Namrata.sharma@adfactorspr.com
+6581383034

Artroniq Berhad Secures Pivotal RM9.6 Million E-Commerce and Retail Software Development Project

PETALING JAYA, Malaysia, Sep 1, 2023 – (ACN Newswire) – Artroniq Berhad, a key contender on the ACE Market, is thrilled to announce the awarding of a substantial new project in the realm of E-Commerce and Retail Software Development. With a project price of RM9,596,000.00, this latest venture is slated to begin in October 2023 and will run over a span of 12 months.

Marcus Chin Choon Wei, Chief Financial Officer of Artroniq Berhad

In collaboration with Kiddie Shoppe, Artroniq's subsidiary, EA Global Integrated Sdn Bhd ("EAG"), will provide customised services designed to propel Kiddie Shoppe's retail capabilities to new heights. As part of the services, EAG will offer rigorous training to Kiddie Shoppe's team, ensuring that they are adept at maximising the functionalities and features of the new software. Additionally, EAG will be responsible for ongoing maintenance and support services, all in accordance with the comprehensive Service Agreement.

Marcus Chin Choon Wei, Chief Financial Officer of Artroniq (Link) Mr. Marcus Chin Choon Wei, CFO of Artroniq, expressed his enthusiasm, saying, "This new venture is an epitome of Artroniq's agility and adaptability in the ever-evolving technological landscape. The project not only diversifies our portfolio but also aligns perfectly with our long-term growth strategy."

He further elaborated on the company's strategic direction: "Securing this project augments our existing ventures and opens doors to new market opportunities. This is yet another steppingstone in the actualisation of our corporate vision. With a fortified balance sheet and a growing portfolio, Artroniq is well-positioned to scale new heights in the foreseeable future."

The Project's scope of work is detailed and thorough, necessitating close collaboration between EAG and Kiddie Shoppe. Any amendments to the customised services will require formal agreement, ensuring both parties are committed to achieving the highest standards.

In recent months, Artroniq has been instrumental in driving transformative changes across various sectors, including electric vehicles and now, E-Commerce. The new project provides another testament to Artroniq's unwavering commitment to innovation and growth.

This high-value procurement adds a new layer to Artroniq's business model, reinforcing its reputation as a versatile player in the competitive marketplace.

Artroniq Bhd: 0038 [BURSA: ARTRONIQ] [RIC: ARTR.KL] [BBG: ARTRONIQ:MK], https://www.artroniq.com/

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

BayWa r.e. Solar Trade Celebrates Milestone – Surpassing 1 Gigawatt Cumulative Sales in Thailand for 2023

BANGKOK, Sep 1, 2023 – (ACN Newswire) – BayWa r.e. Solar Trade, the solar trading arm of the global renewable energy developer, service provider and solar distributor, announced that the company surpassed a cumulative sale of 1 GW (gigawatt) of string inverters in Thailand for the first half year of 2023, making it a significant milestone for the region's top global distributor. The 1 GW of string inverter sales is equivalent to 200,000 units of 5 kW (kilowatt) inverters.

BayWa r.e. Solar Trade established its Southeast Asia presence in Thailand in 2017, expanding to the Philippines in 2019. Further expansion was made into Vietnam and Malaysia in the years that followed. BayWa r.e. Solar Trade, since its founding in the region, has been hugely successful and has become a leading player in solar distribution. As a trusted global distributor of top-tier solar brands and products in the solar industry, the business unit provides best-in-class products and services for solar players in residential, commercial/industrial and utility market segments.

Commemorating the milestone, Junrhey Castro, Managing Director, BayWa r.e. Solar Systems Corporation said, "I join the entire Solar Trade team in celebrating this great achievement. The amazing success would have not been possible without our customers who share the same vision with us.

"It's with great pride I say that this BayWa r.e. milestone will aid towards Thailand's net-zero targets," he added.

Solar in Southeast Asia is set to further grow in 2023. According to the Asian Photovoltaic Industry Association, the market is expected to expand by 13% in 2023, to 3.8 GW of new installations. Starting from 2024, a high pace of growth is expected across the region. Annual installations are forecasted to grow 32% to reach 5.1 GW in 2024, 59% to 8.1 GW in 2025 and 28% to 10.4 GW in 2026, finally hitting 13.3 GW of new additions in 2027, according to the APVIA and the GSC.

The region's top five markets are Thailand, Malaysia, Philippines, Vietnam and Indonesia.

BayWa r.e. AG (BayWa r.e.):

At BayWa r.e. we r.e.think energy – how it is produced, stored and can be best used to enable the global renewable energy transition that is essential to the future of our planet.

We are a leading global developer, service supplier, distributor and solutions provider and have brought over 5.5 GW of energy online and manage over 10 GW of assets. We are also an Independent Power Producer with an expanding energy trading business.

BayWa r.e. works with businesses worldwide to provide tailored renewable solutions. Operating 100% carbon neutral, we are also committed to our own sustainability journey.

Every day, we are working hard to actively shape the future of energy in a diverse, equitable and inclusive workplace.

Our shareholders are BayWa AG, a EUR27.1 billion global business, and Energy Infrastructure Partners, a leader in energy infrastructure investment.

Contact information:
PRecious Communications for BayWa r.e. AG
Li Wen Tan
Tel: +65 6303 0567
Email: baywa-re@preciouscomms.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Lincotrade Delivers Strong Performance for FY2023 with Revenue Surging 78.0% to S$69.9 Million

SINGAPORE, Aug 30, 2023 – (ACN Newswire) – Lincotrade & Associates Holdings Limited, ("Lincotrade" or the "Company" and together with its subsidiaries, the "Group"), a specialist in interior fitting-out services, is pleased to announce its full year financial results ended 30 June 2023 ("FY2023"), following the completion of the reverse takeover ("RTO") of Fabchem China Limited on 3 August 2022.

Highlights:
– Excluding the one-off non-cash RTO-related expenses, the Group's profit before tax in FY2023 was S$2.8 Million, a year-on-year increase of 168.2%
– Strong performance from the Group's commercial and showflats business segments, which posted revenue growth of 58.7% and 357.3% respectively, propelled the Group's revenue growth in FY2023
– Generated net cash flow of approximately S$4.7 million from operations during FY2023
– Total assets increased 26.5% to approximately S$35.1 million, of which cash and cash equivalents increased by 104.5% to approximately S$12.7 million as at 30 June 2023
– The Group's order book stood at approximately S$58.0 million as at 30 June 2023
– Aiming to expand its order book with a healthy pipeline of new projects, the Group expects the demand for its interior fitting-out services in 2023 to remain strong in view of the projections of Singapore's Building and Construction Authority ("BCA"), where the total construction demand in 2023 is projected to range between S$27 billion and S$32 billion

Commenting on its FY2023 results, Managing Director of Lincotrade, Mr. Tan Jit Meng said: "FY2023 marks a new milestone in Lincotrade's history as we completed our RTO and transition into a listed company in our corporate journey.

We look back on a strong first year of listing with good performance across the Group, both operationally and financially, which reflects our core competencies in project management and execution.

With diversity in our business model that has three different business categories, Lincotrade is well-positioned to continue our momentum of organic growth that aligns, and we aim to supplement that growth with a disciplined financial approach.

The positive outlook of Singapore's construction market reaffirms Lincotrade's positive trajectory and reinforces our belief in our ability to achieve a stronger growth profile ahead."

Propelled by higher revenue contribution from the Group's commercial and showflats business segments, the Group's revenue surged by approximately S$30.6 million or 78.0%, to approximately S$69.9 million in FY2023: Lincotrade is engaged in the provision of interior fitting-out services, additions and alterations ("A&A") works and other building construction services primarily for three business segments, commercial, residential and showflats.

As part of the Group's strategic plans to increase revenue contribution from its commercial segment, the Group has been focused on securing more commercial projects in Singapore and as a result, there was a higher percentage of revenue contribution from some of the Group's larger commercial projects in FY2023. There was also increased revenue from larger showflats projects in FY2023 while majority of the Group's residential projects were substantially completed before 30 June 2022.

As a result, revenue contribution from the Group's commercial and showflats business segments increased by approximately S$17.9 million or 58.7% and approximately S$14.1 million or 357.3% respectively in FY2023.

Gross profit increased by approximately S$2.6 million or 55.0% in FY2023 to S$7.3 million despite lower gross profit margin: Corresponding to increased revenue growth in FY2023, the Group's gross profit increased to approximately S$7.3 million in FY2023. However, the Group's gross profit margin dipped 1.5 percentage points to 10.4% in FY2023 (FY2022: 11.9%), mainly due to higher proportion of revenue contribution from the showflats business segment, which registered lower gross margin in FY2023.

One-off non-cash RTO expenses of approximately S$10.8 million includes the deemed RTO expenses of approximately S$9.6 million, share-based payment to the Sponsor and Arranger of approximately S$1.2 million: With the completion of the RTO on 3 August 2022, the Group recognised the one-off non-cash RTO expenses in accordance with the Singapore Financial Reporting Standards (International) in FY2023.

Excluding the one-off non-cash RTO expenses, Lincotrade would have recorded an adjusted profit before tax of approximately S$2.8 million for FY2023, representing a growth of 168.2% as compared to FY2022.

Generated net cash of approximately S$4.7 million from operations during FY2023: The Group recorded operating cash flows before working capital changes of approximately S$3.5 million and net cash of approximately S$4.7 million generated from operating activities during FY2023.

During FY2023, the Group used net cash of approximately S$0.3 million in investing activities and there was net cash outflow of approximately S$0.6 million from financing activities.

Overall, the Group registered a net increase of approximately S$3.8 million in cash and cash equivalents during FY2023.

Total assets increased 26.5% to approximately S$35.1 million, of which cash and cash equivalents increased 104.5% to approximately S$12.7 million as at 30 June 2023: The Group's total assets comprise non-current assets of approximately S$4.4 million and current assets of approximately S$30.6 million as at 30 June 2023.

The key components of non-current assets are property, plant and equipment of approximately S$1.4 million and non-current portion of trade and other receivables of approximately S$3.0 million. The key components of current assets are cash and cash equivalents of approximately S$12.7 million, contract assets of approximately S$5.3 million and current portion of trade and other receivables of approximately S$11.2 million.

As at end June 2023, the Group's total equity stood at approximately S$8.8 million and total liabilities amounted to approximately S$26.3 million, of which total non-current liabilities is approximately S$1.7 million and current liabilities is approximately S$24.6 million. The key components of current liabilities are trade and other payables of approximately S$11.7 million and other financial liabilities of approximately S$11.6 million.

Positive industry outlook in Singapore: According to a media release by BCA issued on 12 January 2023, it projects the total construction demand in 2023 (i.e. the value of construction contracts to be awarded) to range between S$27 billion and S$32 billion.

The public sector is expected to contribute about 60 per cent of the total construction demand, between S$16 billion and S$19 billion. Private sector construction demand is projected to be between S$11 billion and S$13 billion in 2023.

Over the medium-term, BCA expects the total construction demand to reach between $25 billion and $32 billion per year from 2024 to 2027. Private sector construction demand is projected to remain steady over the medium-term, reaching approximately S$11 billion to S$14 billion per annum from 2024 to 2027, in view of healthy investment commitments amid Singapore's strong economic fundamentals.

As at 30 June 2023, the Group's order book stood at approximately S$58.0 million which generally will be fulfilled during the next two years.

With an aim to expand its order book with a healthy pipeline of new projects, the Group continues to proactively tender for new projects in Singapore, particularly those that are larger in terms of scale and contract value. In January 2023, the Group secured an Asset Enhancement Initiative ("AEI") for an integrated development in Singapore with a contract value of approximately S$35.0 million, the largest single contract secured by the Group to date.

About Lincotrade

Established in 1991 and based in Singapore, Lincotrade has over 30 years of experience in the interior fitting-out industry and have established a proven business track record since its inception. Since 2006, Lincotrade has had its own in-house processing facility to process, assemble and manufacture Carpentry Products to support and complement its interior fitting-out services.

Lincotrade's interior fitting-out projects encompass space planning and lay-out, interior construction and finishing works on floorings, ceilings, partitions, doors, fixtures and fittings, mechanical, electrical and plumbing works such as air-conditioning installation, water and sewage fit-outs, lighting, power and other works. Lincotrade also provide A&A works include minor alterations, extension, conversion and upgrading of buildings as well as minor repair and improvement works. In addition, Lincotrade provide building construction services which mainly consist of the construction of showflats and sales galleries.

For more information, please visit http://www.lincotrade.com.sg.

Media & Investor Contacts:
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

The 15th Annual Global CSR & ESG Awards Honours 2023 Winners

DA NANG, VIETNAM, Aug 30, 2023 – (ACN Newswire) – The 15th Annual Global CSR & ESG Summit & Awards ended on a high note before a full house in Da Nang, Vietnam, on August 28. Organized at the Novotel Danang Premier Han River, this years conference was held under the theme "Driving Transformational Change Beyond Greenwashing", and focused on inspiring participants to discuss and discover transformational ESG & CSR strategies, beyond conventional thinking. The conference also addressed the challenges and need for climate-friendly solutions and technologies, including electric vehicles, high tech farming, sustainable supply chains, and nature-based solutions.

Among the notable speakers, Prof. Dr. Richard Hames, Founder & Executive Director, Centre for the Future and Fellow of the World Academy of Art & Science, gave a powerful speech on "Beyond ESG: From The Impossible To The Inevitable", encouraging the move from the degenerative practices of the industrial era, through the many delusions of sustainability and lies about 'green growth', to regenerative systems globally.

In view of 20 Years of Building, Implementing and Supporting ESG in Vietnam, Ms. Kim Francois, Executive Director of BeLuxCham Vietnam presented "Localising and Creating Positive Impact for Foreign Businesses in Vietnam – Successful ESG stories of BeluxCham Blending Eastern and Western Cultures." She shared how BeLuxCham provides an eco-system that shares expertise in ESG and provides a platform to which companies can learn from each other and be part of each other's circular system. She believed that more work is needed to ensure that SMEs are learning and implementing ESG, to contribute together to the goals set by Vietnam, but mainly to be sure we are living in a healthy environment and protecting our people.

Prof. Dr. Martin Blake, the Conference Chairman announced that the Organisers are planning to hold The 16th Annual Global CSR & ESG Summit & Awards in Ho Chi Minh, Vietnam. The summit ended with the The Global CSR & ESG Awards, graced by Guest of Honour, Mr Nguyen Anh Phong, Deputy-Director-General of Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD), and Ms. Kim Francois, Executive Director of BeLuxCham Vietnam. The evening award ceremony was marked with a stunning audio and light display show.

The Award Categories for 2023:

– Best Environmental Excellence Award
– Best Community Programme Award
– Excellence In Provision Of Literacy & Education Award
– Empowerment Of Women Award
– Best Workplace Practises Award
– CSR & ESG Leadership Award
– Product Excellence Award
– Best Chief Executive Officer (CEO)
– Best Corporate Comms & Investors Relations Team

And Award Categories 2023 recognizing companies at the forefront of their countries:

– Best In Singapore
– Best In Thailand
– Best In Indonesia
– Best In Cambodia
– Best In Viet Nam
– Best In Philippines

THE WINNERS

Best Environmental Excellence Award

o Above USD 1 Billion Market Cap
— Bronze: SM Investments Crk Softex Indonesia, PT Astra International TBK
— Gold: PT Adaro Indonorporation
— Silver: Kimberly-Claesia, PT Chandra Asri Petrochemical TBK, Central Department Store Limited (Head Office)
— Platinum: PT Pertamina Hulu Mahakam
o USD 500 Million To USD 1 Billion Market Capitalization
— Platinum: Manila Water
o Less Than USD 500 Million Market Capitalization
— Bronze: PT Diageo Indonesia
— Silver: Schneider Electric Indonesia
— Gold: GeoComply Viet Nam
— Platinum: PT Kilang Pertamina International

Best Community Programme Award

o Above USD 1 Billion Market Cap
— Bronze: BHG Retail Trust Management Pte Ltd
— Silver: PT Asmin Bara Bronang
— Gold: PT Pertamina Patra Niaga Regional Jawzation
— Bronze: PT Tower Bersama Infrastructure TBK, FPT Corporation,
— PT Pertamina – Patra Niaga Fuel Terminal Rewulu
— Silver: Kuala Lumpur Kepong Berhad, Badak LNG, RHB Bank Berhad
— PT Pertamina Patra Niaga Fuel Terminal Boyolali
— Gold: Sarawak Energy Berhad, Indosat Ooredoo Hutchinson PTTEP Indonesia,
— PT Chandra Asri Petrochemical Tbk,
— Platinum: PT Pertamina Hulu Mahakam
o USD 500 Million To USD 1 Billion Market Cap
— Bronze: Bagian Tengah DPPU Ahmad Yani
— Platinum: PT Meares Soputan Mining
o Less Than USD 500 Million Market Capitalization
— Bronze: Price Waterhouse Coopers, IDP Education (Cambodia) Limited
— Silver: Diageo Viet Nam, Prince Holding Group
— Gold: PT Diageo Indonesia, GeoComply Viet Nam,
— PT Pertamina Patra Niaga Integrated Terminal Semarang
— Platinum: PT Kilang Pertamina International

Excellence In Provision Of Literacy & Education Award

o Above USD 1 Billion Market Cap
— Bronze: Adaro Energy Indonesia
— Silver: Kuala Lumpur Kepong Berhad
— Gold: PT Samsung Electronics Indonesia
— Platinum: Tata Consultancy Services Limited
o USD 500 Million To USD 1 Billion Market Capitalization
— Silver: Samsung Electronics Viet Nam Co. Ltd
— Gold: PT Asmin Bara Bronang
— Platinum: Manila Water
o Less Than USD 500 Million Market Capitalization
— Gold: MegaWorld Foundation
— Platinum: IDP Education (Cambodia) Limited

Empowerment Of Women Award

o Above USD 1 Billion Market Cap
— Platinum: PT Pertamina Geothermal Energy Tbk Ulubelu
o Less Than USD 500 Million Market Capitalization
— Gold: GeoComply Viet Nam
— Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)

Best Workplace Practises Award

o Above USD 1 Billion Market Cap
— Platinum: PT Tower Bersama Infrastructure TBK
o USD 500 Million To USD 1 Billion Market Capitalization
— Platinum: Manila Water
o Less Than USD 500 Million Market Capitalization
— Gold: GeoComply Viet Nam
— Platinum: Diageo Indonesia

CSR & ESG Leadership Award

o Above USD 1 Billion Market Cap
— Bronze: PT Tower Bersama Infrastructure TBK
— Silver: Tata Consultancy Services Limited, Bridgestone Asia Pacific Pte Ltd
— Gold: PT Chandra Asri Petrochemical Tbk, Aditya Birla Fashion and Retail Limited, ACEN Corporation
— Platinum: KLCC Property Holdings Berhad
o USD 500 Million To USD 1 Billion Market Capitalization
— Bronze: BHG Retail Trust Management Pte Ltd
— Silver: Home Credit Vietnam Finance Company Limited
— Gold: Samsung Electronics Vietnam Co. Ltd
— Platinum: PT Asmin Bara Bronang
o Less Than USD 500 Million Market Capitalization
— Bronze: Diageo Indonesia
— Silver: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)
— Gold: GeoComply Viet Nam
— Platinum: DEEP C Industrial Zones

Product Excellence Award

o Above USD 1 Billion Market Cap
— Bridgestone Asia Pacific Pte Ltd

Best CEO Award

o Above USD 1 Billion Market Cap
— Gold: Indosat Ooredoo Hutchinson
— Platinum: PT Chandra Asri Petrochemical Tbk

Best Corporate Comms & Investor Relations Team Award

o USD 500 Million To USD 1 Billion Market Cap
— Platinum: BHG Retail Trust Management Pte Ltd
o Less Than USD 500 Million Market Cap
— Platinum: Viettel Construction Joint Stock Corporation

Best Country Award – Best In Indonesia

o Above USD 1 Billion Market Cap
— Gold: PT Pertamina Hulu Energi Offshore North West Java
— Platinum: PT Astra International TB
o Less Than USD 500 Million Market Cap
— Silver: PT Kilang Pertamina International
— Gold: Diageo Indonesia
— Platinum: Schneider Electric Indonesia

Best Country Excellence – Best In Cambodia

o Above USD 1 Billion Market Cap
— Platinum: NagaWorld Limited
o Less Than USD 500 Million Market Cap
— Platinum: Prince Holding Group

Best Country Excellence – Best In Thailand

o Above USD 1 Billion Market Cap
— Platinum: Krungthai-AXA Life Insurance Public Company Limited

Best Country Excellence – Best In Philippines

o Above USD 1 Billion Market Cap
— Platinum: ACEN Corporation

Best Country Excellence – Best In Singapore

o Above USD 1 Billion Market Cap
— Platinum: Tata Consultancy Services Limited

Best Country Excellence – Best In Vietnam

o Above USD 1 Billion Market Cap
— Platinum: FPT Corporation
o USD 500 Million to USD 1 Billion Market Cap
— Platinum: Samsung Electronics Viet Nam Co. Ltd,
o Less than USD 500 Million Market Cap
— Platinum: Diageo Viet Nam

For media enquiries please contact:
Cyan Lee, Pinnacle Group
E: marketing@pinnaclegroup.global
T: +65 8222 2344

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HKTDC Hong Kong Watch & Clock Fair, Salon de TE open in September

HONG KONG, Aug 29, 2023 – (ACN Newswire) – The 42nd HKTDC Hong Kong Watch & Clock Fair and 11th Salon de TE – jointly organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades and Industries Ltd – is set to welcome more than 700 global exhibitors from 17 countries and regions. Under the EXHIBITION+ hybrid mode, the physical fair will run from 5 to 9 September at the Hong Kong Convention and Exhibition Centre (HKCEC). Salon de TE will open its doors to both industry buyers and the public on the final two days (8 and 9 September). From 29 August to 16 September, exhibitors and buyers from across the world can engage in online and offline meetings through the AI-powered Click2Match smart business-matching platform.

Introducing highlights of the fairs at a press conference today are Sophia Chong, HKTDC Deputy Executive Director (centre), Stanley Lo (R) and Amy Chow (L), Co-chairmen, HKTDC Hong Kong Watch & Clock Fair Organising Committee 2023

Watch and clock industry outlook improves

The globally renowned Hong Kong Watch & Clock Fair has consistently served as an effective platform for the industry to secure orders and establish business connections. Sophia Chong, HKTDC Deputy Executive Director, said: "Last year, Hong Kong's total export value of watches and clocks reached almost HK$54.8 billion (US$7 billion). From January to July this year, the export value amounted to HK$31.62 billion. Meanwhile, Hong Kong remains the world's largest wristwatch import market and the second-largest wristwatch export market, following Switzerland. The watch and clock export index has risen from 47.5 in the first quarter to 48.8 in the second quarter, indicating improved sentiment among Hong Kong's watch and clock exporters.

Sophia added that the HKTDC has been committed to bringing new elements to the fairs. Hong Kong Watch & Clock Fair exhibits are more diversified this year to serve changing industry needs. This year also welcomes a first-time exhibitor from Greece and Dubai, and will feature Guangdong, Guangzhou and Taiwan pavilions, hoping to create business opportunities for the industry."

Showcasing Chinese design excellence

Salon de TE, dedicated to showcasing internationally renowned watch brands, will feature five thematic zones: World Brand Piazza, Chic & Trendy, Craft Treasure, Renaissance Moment, and Wearable Tech. These zones will present more than 130 prominent watch brands and designer collections from France, Switzerland, Italy, the United States and more.

The debut Guo Chao theme welcomes several remarkable mainland watchmakers. They will showcase timepieces that intricately blend Chinese cultural elements. Ma XuShu is a highly respected independent watchmaker from Mainland China and an Academie Horlogere Des Createurs Independants (AHCI) member. He will present his masterpiece Starry Night wristwatch, a silver-award-winning timepiece at the 1st China (Blue Light Cup, Zhangzhou) Watch Design Competition. The watch features a dial with a retractable pointer indicating both hours and minutes, while the back depicts the starry night sky over Beijing, with "Beijing starry sky" engraved. Another watchmaker Wei Guang Wen will showcase Guangzhou clocks, a timepiece of historical, cultural and artistic value. Inspired by the classic Guangzhou clocks style from the Qianlong period (mid-to-late 18th Century), the clock features three sub-dials and chimes every hour, accompanied by various rotating designs, making it a truly timeless piece.

Exquisite craftsmanship from independent Swiss watchmakers

Swiss Independent Watchmaking Pavilion (SIWP) and Franceclat are returning this year, together with a debut by the International Luxury Group, presenting a range of Swiss and international watch brands, including H992, Pilo & Co, Adriatica, Epos and Ollivier Saveo, showcasing unique designs and delicate artisanship. The H992 was founded by Thierry Heiniger with H representing the spirit of hours and humanism, while 992 is the altitude of La Chaux-de-Fonds, birthplace of the brand, at 992 metres above sea level. The collection will be available in a 992-piece limited edition. Amarildo Pilo, another Swiss watchmaker, will present Pilo & Co, unveiling the Extraneo series. The hand-length changes with the indication of minutes or hours, a patented design.

World Brand Piazza – luxury showcase

Sponsored by Prince Jewellery & Watch for the 13th consecutive year, the World Brand Piazza remains a fair highlight. This year it will feature an impressive lineup of 10 international watch brands, including Bovet, Carl. F Bucherer, Corum, CVSTOS, DeWitt, Franck Muller, Jacob & Co., Kerbedanz, Parmigiani Fleurier and Sarcar Geneve. The zone will showcase an exclusive selection of luxurious and rare timepieces. Bovet, a Swiss brand, presents the Recital Grand Recital Tourbillon timepiece, which features a celestial display resembling an astronomical instrument showing the sun, moon and earth. Priced at HK$4.959 million, just 60 pieces are available. Jacob & Co., in collaboration with the French sportscar brand Bugatti, introduces the Jacob & Co. X Bugatti Chiron Tourbillon timepiece. The movements of this watch, meticulously designed over a year, comprise 578 components and simulate the operation of a sportscar engine, priced at HK$3.2 million.

Wearable tech, classic to fashionable elements

At Salon de TE, Wearable tech zone this year has tripled its exhibiting area compared to 2019, displaying a series of smart watches and the latest technology brands, including Microwear, DTNO.1, DO and MYZI etc.

Other international timepiece brands will present wristwatches of different styles and personalities. Highlighted timepieces include:

– Swiss brand ROMAGO launches its collaboration with Snoopy for this season with the Bluebird's Egg Blue Rotating Disc Watch.
– A limited-edition Mermaid Tourbillon by Hong Kong brand Memorigin, with just 100 pieces worldwide. The watch has a hollow design that reveals the sea-blue ripple pattern, highlighting the oceanic theme.
– First-time exhibitor King-Wear from Mainland China will feature one-touch Bluetooth pairing for calls, built-in music and video playback, body identification sensors and more than 100 sports modes.
– Young watchmaker Ricky, cultivated by Hong Kong brand ANPASSA, has made his own tourbillon, a creative work described as a 15-year-old dream.

Pageant of Eternity showcases high-end OEM and ODM watches

The Hong Kong Watch & Clock Fair includes eight zones. The Pageant of Eternity zone showcases OEM and ODM high-end complete watches. Other product zones cover clocks, machinery and equipment, parts and components, packaging, and trade services.

Scan2Match, EXHIBITION+ expands networking opportunities

In addition to EXHIBITION+, the fair will also launch the Scan2Match function, which brings communication from offline to online. Buyers can use the HKTDC Marketplace app to scan exhibitors' QR codes during the exhibition period, bookmark their favourite exhibitors, browse product information and the e-Floor plan, and continue to chat with exhibitors online during or after the exhibition period, extending their sourcing journey.

Forums, seminars, watch parades and networking events will provide first-hand market information. At the Hong Kong International Watch Forum on 5 September, watch association representatives from all over the world – including Mainland China, France, Germany, Japan, Korea and Switzerland – will discuss the global trade situation and industry trends.

Global market research agency Euromonitor International will discuss sustainable watch design development around this year's theme Shaping the Future Watch: The Next Design Trends at the Asian Watch Conference on 6 September. Zhang Jianmin, the founder of the renowned watch brand CIGA Design, and Ollivier Savelli, a Swiss Independent Watchmaker, are invited to share their design inspirations and experience in watch design, delving into the latest trends and future directions of watch design.

On the same day, Noel Wong, a watch collector, and William Bai, a watch culture expert and founder of Watch Traveler, will discuss affordable luxury watch prospects, a hot topic among celebrities.

To cultivate a new generation of watch designers and technical talents and promote the innovation and development of watch design, the HKTDC, Hong Kong Watch Manufacturers Association Ltd and Federation of Hong Kong Watch Trades & Industries Ltd jointly organise the 40th Hong Kong Watch & Clock Design Competition. The competition has two categories – The Beauty of Perspective for the Open Group and Game Code for the Student Group. Artist Jessica Hsuan was invited as a guest judge this year. Award-winning works and finalists will be exhibited during the Watch & Clock Fair, and the award ceremony will be held on 9 September at the Infinite Galaxy in Hall 3FG of the fairground.

Interesting events, lucky draws, shopping discounts

Salon de TE will be open to the public aged 12 and above on 8 and 9 September. Exciting activities will include watch parades, watch and painting demonstrations, embroidery watch crafts, product launches and more. Visitors can participate in lucky draws, with prizes including luxury watches, fashion accessories, dining vouchers and more. They can also join Smart Bidding to bid on their desired watches starting at as much as 90% off the retail price. Some exhibits will be available for on-the-spot sale.

In addition, Asia's premier fashion event CENTRESTAGE will be held from 6 to 9 September at the HKCEC, assembling designer brands from around the world to create synergies. Visitors can view the latest products of more than 350 watch and fashion brands at the same time.

Export performance of Hong Kong watches and clocks:

2022 (total value) | Change year on year | Jan-July 2023 (total value) | Change year on year
HK$54.78 billion | -8.4% | HK$31.62 billion | -1.6%

Websites:
– Hong Kong Watch & Clock Fair: https://www.hktdc.com/event/hkwatchfair/en
– Salon de TE: https://www.hktdc.com/event/te/en
– Photo download: http://bit.ly/3qNvBvn

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Media enquiries
Please contact the HKTDC's Communications & Public Affairs Department:
Frankie Leung, Tel: +852 2584 4298, Email: frankie.cy.leung@hktdc.org
Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

SCIB Reports Q4FY2023 Financial Results with Revenue of RM33.3 Million, Gross Profit of RM6.5 Million and Highlights Growth Opportunities

KUCHING, MALAYSIA, Aug 29, 2023 – (ACN Newswire) – Industrialised building systems specialist, Sarawak Consolidated Industries Berhad (SCIB), is delighted to announced its financial results for the fourth quarter of fiscal year 2023 (Q4FY2023), reflecting a positive growth trajectory across key financial metrics and strategic business segments.

Ku Chong Hong, Managing Director of SCIB

Revenue for the quarter reached RM33.3 million, a 27% increase from RM26.3 million in Q4FY2022. Gross Profit grew by 73% to RM6.5 million from RM3.8 million in the corresponding period of the previous fiscal year. The Operating Loss was significantly reduced to RM18.2 million from RM47.1 million, and Loss Before Tax (LBT) improved to RM18.5 million from RM47.4 million in Q4FY2022.

In the Manufacturing segment, SCIB reported revenue of RM23.2 million, a year-to-date increase of 10%, with profit before tax of RM2.8 million. The Construction/EPCC segment registered revenue of RM10.2 million, marking a 92% increase year-to-date, with loss before tax narrowed to RM4.5 million. The growth in revenue and profitability across key segments was driven by increased sales volume of foundation piles and the kick-start of two new school projects.

"In the challenging business environment, SCIB has demonstrated resilience and adaptability, successfully navigating the market dynamics," said Mr. Ku Chong Hong, Managing Director of SCIB. "Our growth this quarter reflects our focus on core capabilities in Engineering, Procurement, Construction, and Commissioning (EPCC) and our ability to supply crucial building materials. The future outlook for SCIB is robust, built upon a comprehensive understanding of the broader economic environment. We are well-positioned to seize growth opportunities in the domestic construction industry and benefit from strategic initiatives and prudent financial management."

SCIB's proactive engagement in securing small-to-mid-sized construction projects, Sarawak's construction sector upswing, and the positive view of China's recent RM170 billion investment commitment pave the way for enhanced growth opportunities. The Company also fortified its financial position through a private placement that raised approximately RM12.76 million in gross proceeds, underlining SCIB's prudent financial management.

SCIB's Q4FY2023 results illustrate a company on the move, aligning with broader economic forecasts and positioning itself well within the evolving economic landscape. The strategic approach and unwavering commitment to sustainable growth set the stage for a bright future.

SCIB's financial position is further bolstered by an outstanding orderbook for construction contracts, standing robust at RM275 million. This orderbook reflects a promising pipeline of projects and underscores SCIB's ability to identify and secure valuable opportunities in the market.

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com