Archive for September 27th, 2012
Mobile Apps Intrusion Protection Pioneer V-Key Inc. Secures US$4 Million Series A Funding
Defining Next-Gen Mobile Apps Intrusion Detection, Protection and Intelligence Analytics
Technology Addresses Critical Enterprise Mobility Security Gap
SINGAPORE /PRNewswire/ — V-Key Inc., a pioneer and inventor of mobile applications intrusion protection and intelligence, today announced it has secured Series A funding of US$4 million from IPV Capital, a leading early growth venture capital fund based in China with global offices in Shanghai, Beijing and Silicon Valley.
The fund will be used to widen the startup’s research and development capabilities in mobile applications security and intelligence technology, as well as to expand V-Key’s global sales and support operations in the United States and Asia Pacific.
Mobile applications, with sensitive business-critical mobile transactions and data, hold the crown jewels of any enterprises and users. Custom targeted and automated attacks on mobile devices and applications are the fastest growing area of new attacks around the globe. V-Key’s V-Guard suite of technology is a revolutionary, next generation, comprehensive mobile apps security solution protecting the mobile applications sphere from threats of known and unknown application-level attacks. Through a unique combination of heuristic correlation algorithms, as well as a state of the art secure mobile virtual machine firewall wrapper, V-Guard is a secure, simple to use protection and intelligence suite.
Benjamin Mah, CEO and Co-founder of V-Key, said: “Traditional methods of managing mobile device security policies via trusting the native mobile operating system offers a basic level start. However, the world needs an advanced security protection and mobile threat analytics to address advanced persistence threats in the mobile apps landscape.”
“V-Key’s advanced detection, protection and intelligence at the mobile apps level is the next generation approach to defend against these advanced, rapid mobile threats, yet delivers the desired results of simplicity, reliability and scalability to mobile business applications. We have a strong pipeline of innovations and will leverage this round of funding to speed our commercial efforts and gain wider customer adoption,” Mah elaborated.
“We are attracted to V-Key because its offerings deliver solutions that address critical security challenges in the enterprise mobility sphere. The growing use of mobile devices at the enterprise and consumer levels form a sizeable market opportunity for advanced mobile apps security solutions. V-Key, with its market-defining technology and experienced executive management, is poised to create a paradigm shift in how organizations think about mobile security, and we are excited to be part of that,” said Terence Tan, Managing Partner at IPV Capital.
Eddie Chau, V-Key’s Chairman and Co-founder, said: “The funding from IPV Capital underscores V-Key’s technological vision and the ease of use of our security solutions suite. Demand for mobile app security, data and transaction assurance, and regulatory compliance products is growing faster than anyone has anticipated as organizations worldwide come to terms with the financial, legal, and business responsibilities for sensitive information and transaction data on the mobile devices. Our goal is to deliver a simple, yet powerful and intelligent security solution that improves users’ confidence and experience in today’s mobile apps-driven world.”
V-Key vis-a-vis the Enterprise Mobile Security Eco-system
The traditional strategies to enterprise mobile security involve three areas: mobile data protection, network access control and mobile device management tools. V-Key offers an alternative focused approach by ensuring security at the mobile applications level.
The design approach behind V-Key’s technology does not assume the mobile phone to be secure. Instead, the entire V-Key architecture is premised on the need for mobile applications to remain secure, even if an attacker has compromised the underlying mobile operating system. V-Key’s suite of products provides multiple layers of detection to secure the organization’s slew of mobile applications, thereby safeguarding the integrity of sensitive corporate information. V-Key’s solution is simply pre-installed as part of the enterprise’s app stores internally, and transparently secures the enterprise information when employees download enterprise mobile apps such as email and VPN log-on to access business data.
Similarly, organizations offering external mobile applications services, such as m-commerce and e-trading, to external customers stand to benefit from V-key’s technology. The solution transforms any enterprise mobile applications, such as mobile banking, to an intelligent threat-aware mobile application that allows transactions to take place, despite an unsecured environment. Critical user information is protected without any additional complex installation on the users’ mobile devices.
About IPV Capital
IPV Capital is an early growth venture capital fund that invests in high-growth technology sectors including software, cleantech, technology services and semiconductor. With offices in Beijing, Shanghai and Silicon Valley, IPV Capital brings its wealth of management and technology development experience to mentor a new breed of entrepreneurs with global aspirations. The IPV Capital team has a solid track record in successfully growing technology startups in China and beyond, making it the ideal go-to partner for investment in the country. For more information, see http://www.ipvcap.com.
About V-Key Inc.
V-Key focuses on mobile application threat research, protection, and intelligence solutions. V-Key researches into the latest mobile threats and delivers advanced protections to meet the evolving mobile application threat landscape, powered by its patent pending V-OS secure mobile middleware and V-Guard suite of products. For more information, please visit http://www.v-key.com or email enquiries to: pr@v-key.com.
Media Contact
Angela Boey
The Hoffman Agency
Email: aboey@hoffman.com
Phone: +65-6261-0250
Source: V-Key Inc.
Mobile Apps Intrusion Protection Pioneer V-Key Inc. Secures US$4 Million Series A Funding
Defining Next-Gen Mobile Apps Intrusion Detection, Protection and Intelligence Analytics
Technology Addresses Critical Enterprise Mobility Security Gap
REDWOOD CITY, Calif. /PRNewswire/ — V-Key Inc., a pioneer and inventor of mobile application intrusion protection and intelligence, today announced it has secured Series A funding of US$4 million from IPV Capital, a leading early growth venture capital fund based in China with global offices in Shanghai, Beijing and Silicon Valley.
The fund will be used to widen the startup’s research and development capabilities in mobile applications security and intelligence technology, as well as to expand V-Key’s global sales and support operations in the United States and Asia Pacific. Today’s funding announcement underscores V-Key’s technological vision and the ease of use of its advanced solutions.
Traditional strategies to enterprise mobile security involve three areas: mobile data protection, network access control and mobile device management tools. V-Key offers an alternative approach by ensuring security at the mobile applications level.
Mobile applications often hold sensitive business-critical mobile transactions and data for users and enterprises. Custom targeted and automated attacks on mobile devices and applications are the fastest growing area of new attacks around the globe. V-Key’s V-Guard suite of mobile apps security solution provides multiple layers of detection to protect against threats of known and unknown application-level attacks. Through a unique combination of heuristic correlation algorithms and cutting edge secure mobile virtual machine firewall wrapper, V-Guard offers secure mobile protection in a user-friendly package for both users and enterprises.
Benjamin Mah, CEO and Co-founder of V-Key, said: “V-Key’s advanced detection, protection and intelligence at the mobile apps level is the next generation approach to defend against rapid mobile threats, yet delivers the desired results of simplicity, reliability and scalability to mobile business applications. We have a strong pipeline of innovations and will leverage this round of funding to speed our commercial efforts and gain wider customer adoption.”
“The growing use of mobile devices at the enterprise and consumer levels forms a sizeable market opportunity for advanced mobile apps security solutions. V-Key, with its market-defining technology and experienced executive management, is poised to create a paradigm shift in how organizations think about mobile security, and we are excited to be part of that,” said Terence Tan, Managing Partner at IPV Capital.
About IPV Capital
IPV Capital is an early growth venture capital fund that invests in high-growth technology sectors including software, cleantech, technology services and semiconductor. With offices in Beijing, Shanghai and Silicon Valley, IPV Capital brings its wealth of management and technology development experience to mentor a new breed of entrepreneurs with global aspirations. The IPV Capital team has a solid track record in successfully growing technology startups in China and beyond, making it the ideal go-to partner for investment in the country. For more information, see http://www.ipvcap.com.
About V-Key Inc.
V-Key focuses on mobile application threat research, protection, and intelligence solutions. V-Key researches into the latest mobile threats and delivers advanced protections to meet the evolving mobile application threat landscape, powered by its patent pending V-OS secure mobile middleware and V-Guard suite of products. For more information, please visit http://www.v-key.com or email enquiries to: pr@v-key.com.
Media Contact
V-Key Inc.
Benjamin Mah
Email: pr@v-key.com
Tel: +1-650-593-3228
Source: V-Key Inc.
FOREX CLUB: Kazakhstan’s Economy Expected to Grow by 6% in 2013
MOSCOW /PRNewswire/ —
The rate of inflation is expected to hit 7% by 2013
Gold expected to reach $2,232 by 2013, an increase of 27.1%
Speaking at a recent conference in Almaty, Kazakhstan, Anatoly Hegai, Analyst of FOREX CLUB, said he expects Kazakhstan’s GDP to grow by 6% in 2013, while also predicting that the volatility in the economy would continue until the end of the year. This is understood to be mainly due to the continued uncertainty in the Eurozone and a general slowdown in the world economy, putting further pressure on domestic demand, as well as growth in Kazakhstan’s loan portfolio.
(LOGO: http://photos.prnewswire.com/prnh/20120517/533090 )
The current climate indicates that the pace of Kazakhstan’s GDP growth in 2012 is unlikely to achieve the previously identified targets of 6.0% – 6.5% and is more likely that the increase in GDP in the current year will be instead around 5.5% – 5.7%.
Anatoly Hegai, Analyst of FOREX CLUB, said: “The current fragile state of the global economy continues to put pressure on the balance of Kazakhstan’s payments. Current account surpluses in the second half of 2012 are expected to reach 1.47 to 1.97 billion US dollars against 2.53 billion dollars in the first half. This will see the Tenge potentially reach 149 to 150 against the US dollar. However, the expected reduction of the debt crisis in the Eurozone by 2013 will moderately improve the balance of payments – we expect a surplus of 6 billion US dollars by 2013, from 4.0 to 4.5 billion in 2012.”
Hegai went on to suggest that the debt crisis in the Eurozone is likely to ease in early 2013, providing additional support to both the commodity markets and Kazakhstan’s economy. He predicted that by the end of 2013 the country’s GDP could grow by 6.1% – 6.4% and that the acceleration of inflation is expected to be 6.5% – 7.0% versus 6.0% – 6.2% this year.
Nikolay Ivchenko, Deputy Head of Research of FOREX CLUB, also speaking at the conference, said: “One of the most interesting investments right now is gold. The introduction of new stimulus measures by the US central bank could very well increase the price of gold to $1,800 by the end of 2012, up 2.5% from its current level.
“Our experience has shown that following individual rounds of quantitative easing in the U.S., the price of gold continues to rise with an appreciation potential of around 25%. We would therefore expect to see gold reach $2,232 by the beginning of 2013, an increase of 27.1%. With no VAT on cash transactions of gold in Kazakhstan, this makes it an attractive investment opportunity to the public.”
IMPORTANT NOTE
The views expressed in this release are for information purposes only and do not constitute the provision of investment advice or an offer to sell or the solicitation or an offer to buy, or a recommendation to buy or sell securities or services.
About the Speakers
Nikolay Ivchenko has been working in FOREX CLUB Group of Companies since 2004 and has been Deputy Head of Research since 2010. From 2003 to 2004, Nikolay was a senior lecturer at the Department of Finance of the Crimean Institute of Business. Prior to 2003, he worked as an economist in Russian investment companies. Mr Ivchenko specialises in fundamental analysis, analysis of the situation in the world economy and Ukraine’s economy, as well as the dynamics of the exchange rates of major currency pairs. In addition, Nikolay analyses the metals market and the U.S. stock market.
In 2003-2004 Nikolay completed courses for securities brokers. Between 2001 and 2003 he was a postgraduate student of Orenburg State University. He graduated from Orenburg State University with a Bachelor Degree in Banking.
Nikolay Ivchenko’s biography in pdf.
Anatoly Hegai has been working in FOREX CLUB Group of Companies since 2007, and since 2011 has been working as an Analyst. Anatoly specialises in analysing the situation in the world economy and the economy of Kazakhstan, dynamics of the major currency pairs and the grain market. He also analyses the dynamics of quotations on the Asian stock markets.
In 2007 he passed a number of additional training courses on the financial markets, achieving an Analyst qualification. Prior to that, he studied at the Department of Management at the Tashkent Road Institute.
Anatoly Hegai’s biography in pdf.
About FOREX CLUB Group of Companies
FOREX CLUB Group of Companies was founded in 1997 and is one of the leading global online trading and forex brokers. FOREX CLUB provides efficient access to trading in the financial markets to hundreds of thousands of clients in more than 120 countries in the world, as well as providing specialised education in online trading and regular financial analytics through its partner, the International Academy of Investment and Trading.
The structure of the group of companies includes, among other businesses, our broker in the Russian Federation, LLC FOREX CLUB (FFMS licence number 004857) and our international broker, FOREX CLUB INTERNATIONAL LIMITED.
FOREX CLUB is one of the principal founders and participants of CRFIN, a self-regulatory organisation established to develop an effective model of forex market regulation in the Russian Federation.
Source: FOREX CLUB
Russia-Singapore Business Forum 2012: 7th Annual Forum Reaffirms Russia-Singapore Relations and Growth Potential for Businesses Between Both Countries
RSBF 2012 closes with deals forged and more opportunities in the offing
SINGAPORE /PRNewswire/ — Some 700 participants from 40 countries attended the 7th annual Russia-Singapore Business Forum (RSBF) that concluded today in Singapore.
Organised by the Singapore Business Federation (SBF), RSBF 2012 updated Russia/CIS and Singapore/Asia participants on regional developments through a series of themed dialogue and panel sessions helmed by distinguished political elite and business leaders.
Commenting on RSBF 2012, Mr Michael Tay, Executive Director of RSBF and former Ambassador of Singapore to Russia said, “We continue to see an increase in the number of agreements and transactions that take place within the framework of Russia-Singapore Business Forum. I am pleased to see that there are delegates from Russia, as well as from Singapore and Asia-Pacific countries, who come back here year after year. I am confident that the potential for exchange between the two regions, both economic and cultural is great.”
The forum continues to fulfill its main goal of fostering closer relations, networking and collaboration between business representatives in Russia/CIS and their Singapore/Asia counterparts. This was reflected in the Forum’s programme this year, having included, in addition to the usual broad-based topics, industry-specific sessions on the development of industrial clusters, real estate investments and innovation and technology.
Mr Igor Shuvalov, First Deputy Prime Minister who spoke on the sidelines of RSBF, after the Ministerial Dialogue with Singapore’s Deputy Prime Minister Tharman Shanmugaratnam on 25 September said, “Russia and Singapore have a huge potential for cooperation. Today, we discussed with our Singaporean counterparts a number of specific projects, such as agriculture and innovation. Singapore can play an important role by sharing its experience of good governance. The Russian government is ready to consider the interests of Singaporean investors and offer them a stake in the companies that they will manage.”
Other key speakers included:
Lee Kuan Yew, Former Prime Minister, Singapore
Igor Shuvalov, First Deputy Prime Minister of the Russian Federation
Tharman Shanmugaratnam, Deputy Prime Minister, Minister for Finance, Singapore
Rustam Minnikhanov, President, Republic of Tatarstan
Nikolai Nikiforov, Minister of Communications and Mass Media, Russia
Andrei Slepnev, Minister for Trade, Member of the Board, Eurasian Economic Commission
Alex Overchuk, Deputy Commissioner, Federal Tax Service of Russia
Raj Sriram, Deputy CEO, BSI Asia
Jim Rogers, International Investor and Author of A Gift to My Children
RSBF as Asia’s leading business and networking platform was also reinforced by the forging of deals and the creation of opportunities.
Participant Mr David Yang, Founder and Chairman of the Board, ABBYY, and Co-founder of iiko said, “iiko’s technologies work not only in Russia but also in countries such as Vietnam, China, Armenia, Azerbaijan and others. RSBF gives us the opportunity to enter the market of Singapore, as well as other markets of Asia Pacific. At the moment, we are nearing completion of our first transaction with the new Singapore restaurant, which is interested in using our software.”
In agreement, Mr Raymond Armes, President and CEO of NEC Neva shared on his company’s participation, “We participate in the Forum as an official partner of the Government of St. Petersburg under the project ‘Our City – St. Petersburg’. Today, the Governments of St. Petersburg and Singapore begin active cooperation. Thanks to the help and support of the Executive Director of RSBF Michael Tay, the official visit of the government delegation of the Russian northern capital to Singapore was made possible in August this year. Their Singaporean colleagues have shown how the systems and solutions of the ‘smart and safe city’ work in real time. This collaboration is an example of trust between our two countries because the Singaporean government shares its unique experience with Russia.”
Summing up his experience at RSBF, Singapore businessman Mr Leonard Ng, Business Development Director of NPH International said, “This is my third year at the Russia-Singapore Business Forum. It has been a good platform to network with people across industries, and provides a sense of the scale of collaboration and cooperation that can ensue between two vastly different regions. The diverse culture and linguistic differences within Russia is intriguing, and it is a market of great potential for anyone who dares to venture, as long as they have the stamina.”
Delegates to RSBF will close the forum with the Closing Party at newly-opened contemporary Italian restaurant Zafferano, Singapore’s largest Italian restaurant, before embarking on site visits and networking events the day after.
Russia was Singapore’s 29th largest trading partner in 2011. Total trade amounted to US$ 4.7 billion. Currently there are more than 330 Russian companies in Russia, compared to only 14 in 2004. The Russian-speaking population has grown from 300 in 2003 to about 5,000 people so far. Singapore was visited by more than 38,000 Russians in the first six months of 2012, which is around 20% more than that over the same period last year.
*Please refer to Annex 1 for more quotes from participants.
About Russia-Singapore Business Forum
The Russia-Singapore Business Forum (RSBF), initiated in 2006, is an annual B-to-B forum organised by the Singapore Business Federation (SBF) that takes place in Singapore. The RSBF Organising Council is led by Executive Director, Mr Michael Tay, former Singapore Ambassador to Russia. The RSBF’s Strategic Partner is Sberbank, the largest bank in Eastern Europe. The RSBF has the support of key Singapore Government agencies, particularly the Ministry of Trade and Industry and Ministry of Foreign Affairs.
Since the inaugural forum in March 2006, the RSBF has grown in stature to become Asia’s leading business and networking platform for Russia/CIS and Singapore/Asia General businessmen. It is evolving into a broader platform for emerging markets from these two regions, and has set a precedent in bringing together top government officials and business elite from these regions.
About Singapore Business Federation
As the apex business chamber, the Singapore Business Federation (SBF) champions the interests of the business community in Singapore, in trade, investment and industrial relations. Nationally, SBF acts as the bridge between the government and businesses in Singapore to create a conducive business environment. Internationally, SBF represents the business community in bilateral, regional and multilateral fora for the purpose of trade expansion and business networking. For more information, please visit our website: http://www.sbf.org.sg
Annex 1: Quotes from Participants
Mr Sergey Belousov, Senior Partner of the venture fund Runa Capital, Founder and Co-owner of Parallels, Acronis, Rolsen, Acumatica
“This is the fourth Russian-Singapore Business Forum, in which I am involved. Over the years it has become one of the best sites, enabling people to meet and find new points of interaction between the most active and fastest growing businesses of the Asian region and Russia. Surprisingly, this is where I was able to meet with a number of successful business and political leaders, among them Michael Tay, Sergei Sobyanin, Rustam Mininhanov Ruben Vardyanyan, Eugene Tugolukov Rustam Tariko, Oleg Deripaska from Russia and Lee Kuan Yew, Goh Chok Tong, Herve Aymond of Corndale.com, Dmitry Levitt from Singapore. A series of meetings resulted in long-term partnership in the field of high-tech business, scientific and educational projects. Businesses of Parallels and Runa Capital’s portfolio companies grow and develop rapidly in Asia. We have made a number of investments in Singapore technology startups, helping Russian, American and European IT-companies to enter this market, and for us Forum has become a catalyst for cooperation with Asian companies.”
Mr Victor Tarusin, Executive Director of the Business Council Russia – ASEAN (Part of the Chamber of Commerce of the Russian Federation)
“The RSBF platform is very effective for attracting investments to Russia and for Russian companies to enter international markets. Business Council Russia – ASEAN has brought a whole delegation of Russian companies, including Morton group, which offers investors from South-East Asia to participate in the projects of the group, such as an office and residential complex “headquarters at Mosfilm.”
Mr Maxim Shereykin, Deputy Governor, Kaluga region
“This is not the first time we come to the forum, because it gives us the ability to quickly move from words to deeds. To last year’s agreement with SsangYong is already being implemented. The company began construction of housing complex in Kaluga on the area of 18 hectares. This year we are particularly interested in attracting pharmaceutical investor-companies. In Kaluga there is a successfully operating pharmaceutical cluster, which currently has four global investors, including companies such as AstraZeneca and Novo Nordisk.”
Mr Anatoly Mamaev, Director of SibSpark
“I am pleased that at the Forum we were able to talk directly with First Deputy Prime Minister of Russia Igor Shuvalov, who was interested in our project and has instructed his unit to study it and to consider options for state support. We hope that this meeting will yield concrete results in the form of future development of our project.”
For media queries please contact:
Mr. Gerald De Cotta
Tel: +65-6827-6896
Mobile: +65-9831-7210
Email: gerald@sbf.org.sg
Ms. Eileen Lee
Tel: +65-6827-6874
Mobile: +65-9004-6920
Email: eileen.lee@sbf.org.sg
Source: Singapore Business Federation
FXstreet.com Data Feed Now Available on MetaTrader Platforms
LIMASSOL, Cyprus, Sept. 26, 2012 /PRNewswire/ — Today MetaQuotes Software Corp. and FXstreet.com officially announced the delivery of news and analytics feeds from FXstreet.com to the MetaTrader 4 and MetaTrader 5 trading platforms. This will significantly expand opportunities for traders allowing them to use reliable and accurate data when making their trading decisions.
The MetaTrader Platforms already provide integrated gateways to several data feed providers from well-known news agencies. Unlike other data feed providers, FXstreet.com’s feed provides not only financial news, but also detailed analytics. It offers a technical radiography of the most traded currency pairs and the market’s latest movements, together with expert analysis and bank forecasts for making trading decisions. The feed also includes stocks and commodities news as well as some of the most important economic indicators, as Central Banks interest rate decisions or Non-Farm Payrolls for example. FXstreet.com’s news are provided with technical studies and charts.
The MetaQuotes Software Corp. team believes that the addition of new and useful features for traders is a very important aspect for trading the financial markets and is actively investing in the implementation of such products and services that traders value the most. “The more data you have, the better,” says MetaQuotes Software Corp. COO, Gaies Chreis. “Being the market leader for Forex Trading Platforms, we are committed to provide traders with as many data sources as possible, to help them make the right decisions. We believe that news and analytics from FXstreet.com will help traders to make even more profitable deals.”
FXstreet.com website offers a wide range of resources to help the Forex traders make better trading decisions every day, and the news feed is a key element of this global endeavor. “We decided to put together a news feed as we detected that traders’ need for purely Forex technical news that are not available in the market today. Since the launch in 2009, we have been working hard to accomplish this goal,” states Francesc Riverola, President and Founder of FXstreet.com. “To become a news feed of reference for traders is our obsession and MetaTrader integration is another step in the right direction.”
From this point onwards, FXstreet.com news and analytics are available for MetaTrader 4 and MetaTrader 5 in 9 languages (English, French, German, Spanish, Chinese, Arabic, Indonesian, Russian and Turkish).
About MetaQuotes Software Corp.
Developer of the world-famous MetaTrader trading platforms for financial markets (Forex and Stock markets). Currently, more than 500 brokerages / banks and 2000 Introducing brokers all over the world use MetaTrader 4 and MetaTrader 5 platforms to offer financial services to traders.
Millions of traders have chosen MetaTrader trading platforms for their outstanding performance and functionality. In addition to the trading platforms, the company consistently develops algorithmic and mobile trading. MetaQuotes Software Corp. actively supports the MetaTrader technology trader community through constant update of websites and the introduction to new services.
Company website: http://www.metaquotes.net
About FXstreet.com
FXstreet.com was founded in January 2000. As its distinctive trademark, the website has always been proud of its unyielding commitment to provide objective and unbiased information and to enable its users to take better and more confident decisions. On the website, the real-time quotes, news, newsletters and interactive chats with experts from all over the world are among the most well-received contents. FXstreet.com has managed to gain the collaboration of the entire Forex industry, from professional individuals and small companies right up to Forex Brokers and Investment Banks. The website exists in English (http://www.fxstreet.com), Spanish (http://www.fxstreet.es) and 15 other languages.
Resverlogix Completes Enrollment In ASSURE Trial
IVUS data will evaluate plaque regression in patients with Coronary Artery Disease
TSX Exchange Symbol: RVX
CALGARY, Ontario /PRNewswire/ — Resverlogix Corp. (TSX:RVX) today announced that it has completed enrollment in ASSURE, a Phase 2b clinical trial targeting high-risk cardiovascular disease patients. ASSURE will evaluate the ability of RVX-208, Resverlogix’s BET protein inhibitor, to regress atherosclerotic disease versus placebo using intravascular ultrasound (IVUS) technology in patients with coronary artery disease (CAD).
“Completing enrollment of the ASSURE clinical trial marks another major milestone for Resverlogix as we aim to demonstrate the efficacy of RVX-208 in atherosclerotic plague regression,” stated Donald McCaffrey, president and chief executive officer of Resverlogix. “RVX-208 stimulates production of ApoA-I, increasing the functional HDL particles required for reverse cholesterol transport. We expect to announce top-line data from ASSURE in H1 2013.”
ASSURE is a 26-week, multi-center, double-blind, randomized, parallel group, placebo-controlled clinical trial led by the Cleveland Clinic. The primary trial endpoint will be measurement of atheroma volume reduction from baseline to 26 weeks measured by IVUS. Secondary objectives for ASSURE are evaluating the safety and tolerability of RVX-208 and effects of RVX-208 on HDL and non-HDL lipid parameters. Using IVUS data, we will also assess changes in plaque stability, an important factor affecting risk of myocardial infarction.
About RVX-208
RVX-208 is a first-in-class, small molecule that inhibits BET bromodomains. It is currently in clinical study for the treatment of atherosclerosis. RVX-208 functions by removing atherosclerotic plaque via reverse cholesterol transport (RCT), the natural process through which atherosclerotic plaque is transported out of the arteries and removed from the body by the liver. RVX-208 increases production of ApoA-I, the key building block of functional high-density lipoprotein (HDL) particles and the type required for RCT. Because they are newly produced, these functional HDL particles are flat and empty and can efficiently remove plaque and stabilize or reverse atherosclerotic disease. RVX-208 is currently being evaluated in phase 2b studies for its ability to reverse and/or stabilize atherosclerotic disease. The drug candidate also has the potential to treat other indications, including neurodegenerative disorders.
About Resverlogix
Resverlogix Corp. (TSX: RVX) is a clinical stage cardiovascular company with an epigenetic platform technology that modulates protein production. Resverlogix is developing RVX-208, a first-in-class small molecule for the treatment of atherosclerosis. RVX-208 is the first BET bromodomain inhibitor in clinical trials. New compounds arising from Resverlogix’s epigenetic drug discovery platform function by inhibiting BET bromodomains and have the potential to impact multiple diseases including cancer, autoimmune and neurodegenerative disorders. Resverlogix’s common shares trade on the Toronto Stock Exchange (TSX: RVX). For further information please visit http://www.resverlogix.com.
This news release may contain certain forward-looking information as defined under applicable Canadian securities legislation, that are not based on historical fact, including without limitation statements containing the words “believes”, “anticipates”, “plans”, “intends”, “will”, “should”, “expects”, “continue”, “estimate”, “forecasts” and other similar expressions. In particular, this news release includes forward looking information relating to research and development activities and the potential role of RVX-208 in the treatment of atherosclerosis. Our actual results, events or developments could be materially different from those expressed or implied by these forward-looking statements. We can give no assurance that any of the events or expectations will occur or be realized. By their nature, forward-looking statements are subject to numerous assumptions and risk factors including but not limited to those associated with the success of research and development programs, clinical trial programs including possible delays in patient recruitment, the regulatory approval process, competition, securing and maintaining corporate alliances, market acceptance of the Company’s products, the availability of government and insurance reimbursements for the Company’s products, the strength of intellectual property, financing capability, the potential dilutive effects of any financing, reliance on subcontractors and key personnel and additional assumptions and risk factors discussed in our Annual Information Form and most recent MD&A which are incorporated herein by reference and are available through SEDAR at http://www.sedar.com. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For further information, please contact:
Company Contacts:
Donald J. McCaffrey Sarah Zapotichny
President and CEO Director of Investor Relations
Resverlogix Corp. Resverlogix Corp.
Phone: +1-403-254-9252 Phone: +1-403-254-9252
Email: don@resverlogix.com Email: sarah@resverlogix.com
US Institutional Investors: Media:
Susan Noonan
Managing Partner Matt Middleman, M.D.
S.A. Noonan Communications, LLC Russo Partners, LLC
Phone: +1-212-966-3650 Phone: +1-212-845-4272
Email: susan@sanoonan.com Email: matt.middleman@russopartnersllc.com
(RVX.)
Source: Resverlogix Corp.
Omnicom Group Agencies Win Big at 2012 Spikes Asia Festival
BBDO Awarded Network of the Year and DDB Sydney Wins Agency of the Year
SINGAPORE, Sept. 26, 2012 /PRNewswire/ — Omnicom Group (NYSE: OMC), the leading global marketing and communications company, won a record 117 creative awards at the 2012 Spikes Asia Awards and Festival in Singapore, significantly outpacing the competition.
BBDO received the night’s top honor, winning Network of the Year, with DDB placing second. In this category, Omnicom networks have finished in the top spot each of the last three years.
Omnicom’s wins continued with DDB Sydney taking the Agency of the Year Award, and BBDO Guerrero, Makati City, finishing in the top three. Whybin\TBWA Group Sydney also placed in the top three in the Media Agency of the Year Award.
Clemenger BBDO Melbourne swept the competitive new Creative Effectiveness division of the Spikes Asia Awards program, winning the Grand Prix for “Break Up” on behalf of National Australia Bank, while DDB Sydney won the Grand Prix in Print for “Bikers-Police” on behalf of Volkswagen.
Over thirty agencies in 10 countries contributed to Omnicom’s record performance at Spikes this year.
“We want to congratulate all of our firms on the record number of awards they received for their client work in the Asia-Pacific region. Our success at this year’s Spikes reflects Omnicom’s global creative leadership and our deep commitment to continually setting the new gold standard in creative excellence,” said John Wren, Omnicom president and chief executive officer.
This year’s Spikes Asia Awards was reported to be the most crowded and competitive program in the show’s history, with a record 4,860 campaigns vying for the chance to win top creative honors. As Asia-Pacific’s most prestigious creative awards festival, Spikes Asia rewards the best work in Creative Effectiveness, Film, Print, Outdoor, Radio, Digital, Direct, Promo & Activation, Media, Design, Film Craft, Print & Poster Craft, Integrated, Mobile, PR, and Branded Content & Entertainment. The annual Festival is designed to recognize the most outstanding creative agencies and communications industry work being done throughout the fast-growing Asia-Pacific region.
For a full list of winners, please visit the official festival website:
http://www.spikes.asia/winners/2012/
About Omnicom Group Inc.
Omnicom Group Inc. (NYSE: OMC) is a leading global marketing and communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries.
For further information on Omnicom and its agencies, please visit http://www.omnicomgroup.com.
SOURCE Omnicom Group
Tata Communications is Frost & Sullivan’s 2012 Asia Pacific Managed Enterprise Video Service Provider of the Year
SINGAPORE/PRNewswire/ — Tata Communications has been awarded the 2012 Frost & Sullivan Asia Pacific Managed Enterprise Video Service Provider of the Year. The award was presented at the 2012 Frost & Sullivan Asia Pacific Best Practices Awards held on the 25th of September at the Shangri-La Hotel, Singapore.
This award is presented each year to the company who exhibits excellence in Growth Strategy and Implementation, Degree of Innovation with New Products and Technologies, Leadership in Customer Value and Market Penetration.
The Unified Communications-as-a-Service market is a very dynamic and vibrant market in the overall hosted and managed business applications industry. The 2012 market for hosted and managed UC applications is expected to be worth US$1.9 billion, growing at an expected rate of 15.8% over the previous year. The market is in varying levels of maturity, depending on the applications and the geography. Tata Communications was one of the pioneers of managed business video services in the region, as well as globally.
“When it comes to enterprise video and Telepresence services, Tata Communications’ service portfolio is one of the most comprehensive in its ability to offer complete turn-key solutions that take the load off managing expensive hardware, their product refresh cycles and maintenance costs,” said Nitin Bhat, Partner & Head of Consulting, Frost & Sullivan.
Tata Communications’ video services business growth in the past year was 22.1%, one of the best in the industry. Over the last two years, it has grown to be a premier provider of end-to-end managed, wholly-owned, video services due to its experience in the market, its extensive list of partners, and its impressive submarine cable network around the world. Tata Communications’ service solves a long-standing problem of visual collaboration between businesses across the globe, which has been a roadblock to increased utilisation and effectiveness of video solutions owned by corporations.
“We are extremely pleased to receive the prestigious 2012 Frost & Sullivan Asia Pacific Managed Enterprise Video Service Provider of The Year award – it is a strong testament to our business video expertise. Four years ago we launched our Telepresence services, the first-ever offering to deliver both private and public Telepresence rooms to businesses around the world. Today, with 45 public Telepresence rooms across five continents, we have the largest global footprint of public Telepresence rooms,” said Peter Quinlan, Vice President, Integrated Business Video Services, Tata Communications.
“Tata Communications is driving an open, global, ecosystem that moves business video from an intra-company experience to a collaboration tool with worldwide reach. Video is one of the biggest trends in the market and has become the most popular and effective medium of communication for enterprises. Tata Communications is firmly focused on integrated Business Video Services as a means to create more accessible, cost-effective, efficient and innovative business in the market,” Quinlan concluded.
Its comprehensive solution portfolio includes the ability to offer inter-carrier video, managed and cloud offerings and global public video rooms on a pay-per-use basis. This coupled with its industry- leading partnerships, service providers and vendors such as British Telecom, Orange Business Services, Verizon Business, Telefonica, PLDT Philippines and others has led to its high growth, and made its services the benchmark in the industry.
“Tata Communications’ ability to offer one of the broadest exchange services connecting leading global carriers, a class-leading submarine cable network, a large network of public rooms, and strong partnerships in Asia Pacific with regional carriers and vendors, make its solutions some of the most practical and future-proof in the market today. Moreover, the ability to offer a single point of accountability is crucial for the customer and the growth of the market. Tata Communications executes this far better than others in the region,” Nitin added.
The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
For more details on the 2012 Frost & Sullivan Asia Pacific Best Practices Awards log-on to http://www.apacbp-awards.com/
About Tata Communications
Tata Communications is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
The Tata Global Network includes one of the most advanced and largest submarine cable networks, a Tier-1 IP network, with connectivity to more than 200 countries across 400 PoPs, and nearly 1 million square feet of data center and collocation space worldwide.
Tata Communications’ depth and breadth of reach in emerging markets includes leadership in Indian enterprise data services, leadership in global international voice, and strategic investments in South Africa (Neotel), Sri Lanka (Tata Communications Lanka Limited) and Nepal (United Telecom Limited).
Tata Communications Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India and its ADRs are listed on the New York Stock Exchange (NYSE: TCL).
http://www.tatacommunications.com
Forward-looking and cautionary statements
Certain words and statements in this release concerning Tata Communications and its prospects, and other statements, including those relating to Tata Communications’ expected financial position, business strategy, the future development of Tata Communications’ operations, and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, failure to increase the volume of traffic on Tata Communications’ network; failure to develop new products and services that meet customer demands and generate acceptable margins; failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services; failure to stabilise or reduce the rate of price compression on certain of the company’s communications services; failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications’ industry; and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications’ control, include, but are not limited to, those risk factors discussed in Tata Communications’ various filings with the United States Securities and Exchange Commission. These filings are available at http://www.sec.gov. Tata Communications is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion
Media Contacts:
Jessie Loh
Corporate Communications, Asia Pacific
P: +65 6890 0942
E: jessie.loh@frost.com
Carrie Low
Corporate Communications, Asia Pacific
D: +603 6204 5910
E: carrie.low@frost.com
Source: Frost & Sullivan
Jin Jiang Launches its Singapore Regional Sales Office
SHANGHAI /PRNewswire/ — Jin Jiang International Hotel Management Company is pleased to announce the opening of its (new) regional sales office in Singapore on August 2012.
Bernold O. Schroeder, CEO at Jin Jiang International Hotels (fourth from right), Cinn Tan, SVP of Marketing & Sales (fourth from left), Victor Lim, Director of M&S (second from right), and Fabian Seet, International Director of M&S (third from left), share this happy moment with sales representatives from Jin Jiang Hotel, Hua Ting Hotel & Tower, Park Hotel and Rainbow Hotel in the opening celebration of its regional sales office in Singapore.
In line with its efforts to build a world-class hospitality group, Jin Jiang is ready to tap into Singapore’s market. The opening celebration is also a showcase of the group’s selected hotels for corporate buyers and travel consultants. International buyers have expressed a strong intention to work with a leading Chinese hospitality chain as Jin Jiang is able to meet their expectations and deliver differentiated and unique products.
“More than two-thirds of the requests for proposals we receive are from Singapore, as several international companies base their regional headquarters here. Singapore will be critical to our global sales network.” notes Cinn Tan, Senior Vice President of Jin Jiang International Hotel Management Company.
Fabian Seet, Director of International Marketing & Sales is based in Singapore and will head the Regional Sales Office. He is also responsible for the group’s Marketing & Sales efforts in South East Asia and Australasia, as well as Europe.
About Jin Jiang International Hotels
Jin Jiang International Hotels, the largest star rated hotel management group in China, presents a collection of over 900 distinctive hotels and inns with a room inventory of over 190,000 in more than 200 cities across China. Internationally, Jin Jiang Hotels is ranked 9th among 325 top hotel companies worldwide by HOTELS Magazine. The group privately owns and operates hotels in a wide range from premium upscale five-star to economy class hotels. Every Jin Jiang Hotel is a memorable reflection of the destination’s unique style and culture. Jin Jiang International Hotel Management Company dedicates itself to qualified hotel management and reputable hospitality. With experience originating from the 1920s, its core competitiveness has accelerated in recent years. The professional corporate and hotel management teams have extensive international hospitality experience and background. The renowned company is rapidly progressing with aggressive global expansion and international awareness.
Source: Jin Jiang International Hotel Management Company
Overseas Dental Gurus Eye Opportunities in DenTech China Over 15 Years
SHANGHAI /PRNewswire/ — Approved by the Ministry of Science and Technology and organized by the China International Conference Center for Science & Technology, the Ninth People’s Hospital of Shanghai-Jiao Tong University and Shanghai UBM ShowStar Exhibition Co., Ltd, the 16th China International Exhibition & Symposium on Dental Equipment, Technology & Products (“DenTech China 2012”) will take place on October 24-27, 2012 at the Shanghai World Expo Exhibition and Convention Center. This annual event is co-organized by the College of Stomatology of Shanghai Jiao Tong University, the School of Stomatology of Tong Ji University and the Shanghai Stomatological Disease Center, with support from the China Association for Science and Technology, Chinese Stomatological Association and Shanghai Stomatological Association, as well as hundreds of stomatology colleges and hospitals in China and dental manufacturers worldwide. The 6th Asian Dental Lab Outsourcing Exhibition will be co-located with DenTech China.
VIPs from German Consulate General in Shanghai
at DenTech 2005.
Sironas booth at the German Pavilion.
DenTech 2012 is now regularly visited by some of the worlds most renowned dental manufacturers. Thanks to 15 years of international collaboration, and with the German Federal Ministry of Economics and Technology as its official representative, while closely working with the Association of the German Trade Fair Industry (AUMA), and strongly supported by VDDI, the German Pavilion is of special significance. Many of Germany’s largest dental manufacturers will have their booths in the Pavilion, including Heraeus Kulzer, KaVo Dental, VITA, BEGO and Sirona Dental Systems, while other big names have already confirmed their attendance in DenTech China 2012 also.
What entices the German exhibitors to keep supporting and attending the event over its fifteen editions? What matters most for the exhibitors in the German Pavilion to keep them returning to DenTech China?
First, the brand and impact of DenTech China counts most. Each year, a grand fleet of dental manufacturers from Germany brings their state-of-the-art products, with innovation and best quality, to the event, which is also one of the most eye-catching features of DenTech China over its history. Established in 1994, DenTech China was the first event of its kind in China. It has been successfully held for 15 editions and developed into the most authoritative and most influential dental industry gathering in China and around Asia. With the attitude of professionalism and perseverance, DenTech China has grown into a leading exhibition throughout China’s dental industry. All the guests going to the event, including dentists, technicians, manufacturers and ordinary users, will witness the latest dental products and trends, as well as the high quality “Made in Germany.”
DenTech China is an ideal platform to make business exchanges easier and more efficient, and the demand and supply between exhibitors and visitors can be witnessed to a full extent, which makes DenTech China an unparalleled brand of professional dental events that attracts a great number of leading dental medicines, equipment, technology and traders from all over the nation and from around the world.
Second, the German exhibitors also attach high importance to Shanghai where DenTech China is based. Being the largest economic mega-city in China, Shanghai shoulders its historical mission to be oriented to the globe, serving other areas in China and collaborating with the Delta Area of East China. Occupying only 0.06% of China’s total land area, 1% of China’s total population, Shanghai covers 1/8 of the country’s total fiscal revenue, 1/10 cargo throughput via ports, and 1/4 of China’s total value of import and export commodities. Based in such a robust city, DenTech boasts the right place and the right time, which makes helps to guarantee its success with an increasingly high popularity for more than a decade.
In addition, the U.S. National Pavilion at DenTech China has been present for the past two years. Supported by the Dental Trade Alliance USA (DTA), the U.S. exhibitors are bringing in a new generation of high quality American dental products. Dozens of U.S companies with an overwhelming reputation throughout the world take an active part in the event, including 3M, Johnson & Johnson, American Orthodontics and Ultradent.
DenTech China 2013 (the 17th China International Exhibition & Symposium on Dental Equipment, Technology & Products) will be held at the Shanghai World Expo Exhibition and Convention Center on October 23-26, 2013. For the most updated information, please visit DenTech China’s official website: http://www.dentech.com.cn
About UBM ShowStar
UBM ShowStar is a joint venture company formed in 2011 between Shanghai ShowStar Exhibition Service Co., Ltd. and UBM Asia Ltd. UBM ShowStar organises DenTech China, serving the exhibitors and professionals from the dental industry and is committed to building an efficient communications platform for the industry around the globe.
With its 15 years history, DenTech China achieved its unprecedented success in 2011 with over 500 exhibitors, including the German National Pavilion hosting 45 exhibitors and USA National Pavilion featuring 20 exhibitors. The 2011 event attracted over 65,500 and 13,000 visits for the exhibition and conference respectively. All the exhibitors who participated in 2011 have already confirmed their bookings for the 2012 show.
For more information, please contact:
Ms. Jingjing Xu
Tel: +86-21-6157 3955
Email: jingjing.xu@ubm.com
Source: UBM ShowStar