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Archive for May 8th, 2015

Azurmendi Named Europe’s Number One Restaurant

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NEW YORK, May 5, 2015 /PRNewswire/ — Opinionated About Dining (OAD), the leading source of global restaurant rankings for devout diners, unveils the fourth edition of its Top 100 European Restaurants. Pioneer of modern Basque cuisine, Azurmendi (Larrabetzu, Spain), climbed 18 ranks to the number one spot this year.

The finest restaurants across the continent were selected including Azurmendi (Spain), Troisgros (France), L’Arpege (France), In de Wulf (Belgium), Restaurant Quique Dacosta (Spain), Alain Ducasse– Louis XV (Monaco), Diverxo (Spain), Le Calandre (Italy), Noma (Denmark), and Etxebarri (Spain) in the top 10.

Last year, OAD published a “Just Missed” list highlighting the 2014 European restaurants ranked from 101-150. This year, entries 101-200 were published under 100+. To view the full list, please click here.

The Top 100 European list follows the release of OAD’s 2015 Top 30 Restaurants in Japan comprised of top tier establishments delivering coveted gastronomic experiences, including Sushi Saito (Tokyo), Matsukawa (Tokyo),Michael Bras Toya (Hokkaido), Sushi Sawada (Tokyo), and Jimbocho Den (Tokyo). For the full list of the Top 30 Restaurants in Japan, please click here.

About Opinionated About Dining
OAD is the premier restaurant rating system compiled by an expert membership of highly literate connoisseurs of the culinary arts who travel the world to experience the art of food. The OAD algorithm generates a ranking system that classifies restaurants based on the reviews of the membership community. Each member influences the results based on the number of restaurants he/she has visited and the current ranking of those restaurants.

About Steve Plotnicki
Plotnicki’s passion for food has long been an intrinsic part of his life, if not always his career. A native New Yorker, he was a successful guitarist and songwriter before co-founding Profile Records in 1981. In 2003, he launched a discussion forum, which morphed into his “Opinionated About Dining” blog, a project that established him as one of the most prolific early food bloggers. In 2007, Plotnicki developed a formal survey for readers and fellow diners and published a 56-page booklet in 2008 featuring the 100 best restaurants in North America and Europe. Since then, Plotnicki has further refined the survey process authored and published Opinionated About U.S. Restaurants in 2011, and continually publishes the rankings of the top restaurants around the world.

Social Media Information:
Twitter: @OADining
Top 100 European: #OADTop100European

Media Contact:
GITA GROUP
OAD@Gita-Group.com
+1 (646) 277-7110

Source: Opinionated About Dining

Written by asiafreshnews

May 8, 2015 at 6:19 pm

Posted in Uncategorized

NetComm Wireless’ 3G M2M Router Plus (NTC-6200 Series) Certified for Global Deployment

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SYDNEY/PRNewswire/ — NetComm Wireless Limited (ASX: NTC)today announced that its 3G M2M Router Plus (NTC-6200 Series) is approved for deployment in Europe, the USA, Canada, the UAE, South East Asia, Japan andAustralia; having acquired the certification needed for distribution worldwide.

The industrial-grade NTC-6200 integrates OMA Lightweight M2M (LWM2M) to support large-scale Machine-to-Machine (M2M) deployments with comprehensive remote device management functionality including device registration, configuration, monitoring, firmware update and remote reboot; while maintaining support for TR-069 and SMS device access and control.

Designed for universal deployment, the NTC-6200 delivers reliable and secure point-to-point or point-to-multipoint M2M communications over penta-band 3G HSPA+ networks worldwide; and integrates seamlessly with enterprise IP systems using VPN connectivity. The NTC-6200 features in-built GPS and a large selection of communication interfaces including Ethernet, Serial, USB and multipurpose I/O ports for the collection of data from sensors, monitors, scanners and other input devices.

“Mobile operators are fast entering the global M2M market to expand their core offering, and we are pleased to provide a fully certified intelligent M2M gateway with all of the software features and communication interfaces needed to drive innovation and increase investment returns,” said David Stewart, Managing Director and CEO, NetComm Wireless.

The industrial-strength NTC-6200 is housed in an innovative polycarbonate case with robust rubber end caps to ensure durability in challenging environments, and its Linux OS and Software Development Kit (SDK) facilitate the development of custom software applications.

About NetComm Wireless Limited

NetComm Wireless Limited (ASX: NTC) is a leading developer of Machine-to-Machine (M2M) devices and solutions globally. The company provides 3G, 4G and rural broadband new generation fixed-wireless devices that underpin an increasingly connected world. Leading telecommunications carriers, core network providers and system integrators utilise NetComm Wireless’ solutions to optimise network performance and to support their connected products and services in the M2M and rural broadband markets. For the past 33 years, NetComm Wireless has developed a portfolio of world first data communication products, and is now a globally recognised wireless innovator. Headquartered in Sydney (Australia), NetComm Wireless has offices in the US, Europe/UK,New Zealand, Middle East and Japan. For more information visit www.netcommwireless.com

Logo – http://photos.prnasia.com/prnh/20150324/8521501794LOGO

Source: NetComm Wireless Limited

Related stocks: Australia:NTC

Written by asiafreshnews

May 8, 2015 at 4:55 pm

Posted in Uncategorized

Bango Bring the Pride of Indonesian in World Street Food Congress Press Conference

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JAKARTA, Indonesia /PRNewswire/ — Bango is a soy sauce or kecapbrand produced by PT Unilever Indonesia Tbk. It is known as a legendary brand since its establishment in 1928. It is the brand of choice to cook authentic Indonesian dishes, as Bango is one of the very few brands that uses black soya beans as the ingredient. Tracing back to Indonesian cooking traditions, it is the original recipe of kecap, while other brands mainly use yellow soy beans. That is why, Bango carries a slogan “Benar-Benar Kecap” or “Truly Kecap”.

4 Indonesia’s Food Street Hawkers participated in World Street Food Congres: Soto Ambengan Pak Sadi, Kupat Tahu Gempol, Gudeg Yu Nap, Ayam Taliwang Bersaudara
4 Indonesia’s Food Street Hawkers participated in World Street Food Congres: Soto Ambengan Pak Sadi, Kupat Tahu Gempol, Gudeg Yu Nap, Ayam Taliwang Bersaudara
International chef acknowledged the richness of Indonesia’s food culture represented in World Street Food Congress
International chef acknowledged the richness of Indonesia’s food culture represented in World Street Food Congress
The crowd enjoying authentic Indonesian cuisine
The crowd enjoying authentic Indonesian cuisine

As a heritage brand, Bango puts high regard to authenticity. Therefore, ever since Unilever acquired Bango in 2001, the brand has a social mission to preserve authentic Indonesian culinary heritage.

Bango is one of the Unilever brands that put high regard to the “Unilever Sustainable Living Plan” strategy, which is: to double the business yet at the same time gives positive impact to the lives of Indonesians. Not only by preserving Indonesian culinary, Bango continuously assures the quality of their Mallika beans (the black soy bean variant used as Bango’s core ingredient) by maintaining the welfare of 9 thousands Mallika farmers throughout Java.

The mission to preserve Indonesian culinary has been deployed through many innovative activities, among which is the famous annual culinary festival called “Festival Jajanan Bango” or “Bango Street Food Festival”. It is a highly anticipated event that always wins the heart of Indonesian culinary enthusiasts, as it always presents the richness of Indonesian culinary from all over the archipelago.

About Bango in WSFC: 

Bango understands that the preservation of the Indonesian culinary heritage must be done through shared passion and efforts. That is why, through all of its activities, Bango always inspires everyone to share their passion and pride towards Indonesian culinary heritage, so that they will be encouraged to preserve them.

This has become the spirit behind Bango’s involvement in World Street Food Congress. Other than introducing four legendary hawkers with their authentic Indonesian dishes (Gudeg Yu Nap, Kupat Tahu Gempol, Ayam Taliwang dan Soto Ambengan Pak Sadi) to the international culinary scheme in World Street Food Congress, Bango would also like to take this event as an opportunity to bring out the Indonesian’s pride towards its culinary richness, as they are being recognized and acknowledged by the international audience.

Photo – http://photos.prnasia.com/prnh/20150505/8521502863-a
Photo –
http://photos.prnasia.com/prnh/20150505/8521502863-b
Photo –
http://photos.prnasia.com/prnh/20150505/8521502863-c

Source: Bango

Written by asiafreshnews

May 8, 2015 at 3:33 pm

Posted in Uncategorized

Disney Expands SEA Presence, Signs Multiyear Collaboration with PH Telco Globe Telecom

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Over 46 million Filipinos to enjoy Disney, Marvel, Star Wars, and Maker content via video-on-demand, interactive content and promotions on mobile and broadband

MANILA, Philippines /PRNewswire/ — The Walt Disney Company Southeast Asia is set to further boost its presence in the region with its multiyear collaboration with Philippines’ number 1 mobile brand Globe Telecom to enhance the Filipino digital lifestyle experience.

The no. 1 mobile brand in the country Globe Telecom is now officially the proud partner of Disney Family Entertainment with brands including Pixar, Star Wars, Marvel and global leader in short-form video, Maker Studios. Celebrating the partnership are (L-R) Globe Senior Advisor for Consumer Business Dan Horan, Globe President and CEO Ernest Cu, Disney’s Minnie Mouse and Mickey Mouse, special guest and Disney legend Lea Salonga, and Managing Director, The Walt Disney Company Southeast Asia, Rob Gilby.
The no. 1 mobile brand in the country Globe Telecom is now officially the proud partner of Disney Family Entertainment with brands including Pixar, Star Wars, Marvel and global leader in short-form video, Maker Studios. Celebrating the partnership are (L-R) Globe Senior Advisor for Consumer Business Dan Horan, Globe President and CEO Ernest Cu, Disney’s Minnie Mouse and Mickey Mouse, special guest and Disney legend Lea Salonga, and Managing Director, The Walt Disney Company Southeast Asia, Rob Gilby.

This collaboration will give Filipino mobile phone users access to video-on-demand, interactive content, promotions and other related services across multiple devices and affirms the relationship of Globe with Disney whose brands include Disney, Pixar, Marvel, Star Wars and global leader in short-form video, Maker Studios.

Globe customers will now have access to an array of Disney content offerings including long- and short-form programming, interactive content and games, theatrical releases and retail promotions. Offerings include:

  • Disney Movies On Demand (DMOD): an on-demand subscription service for selected evergreen Disney and Pixar titles such as the Toy Story franchise, Finding Nemo, The Princess Diaries, Mickey’s Once Upon A Christmas, Cinderella and much more, that can be viewed on any device anytime, anywhere
  • Disney On Demand (DOD): an on-demand subscription service for selected Disney TV favorites such as Mickey Mouse Clubhouse, Phineas & Ferb, that can be watched on any device anytime, anywhere
  • Maker On Demand: an on-demand subscription service featuring the best short-form videos from Maker Studios’ portfolio of content across gaming, comedy, music, sports, fashion, and family, to name a few, featuring popular talent from Makers’ network of 55,000 creators globally
  • Maker and Globe will also team to create custom branded entertainment featuring top digital influencers — supporting the Globe service
  • WATCH Disney Channel apps — entertainment apps which provide access to Disney Channel, Disney Junior and Disney XD. Kids and Family can enjoy all the 3 Disney Channels via this digital destination.
  • Disney Interactive: a world of mobile and web-based games, apps and e-books based on the best-loved Disney stories
  • Promotions, merchandising and retail activations that bring Disney’s latest theatrical releases closer to Filipinos

“We are thrilled to bring the Disney brand of storytelling closer to more Filipinos through this collaboration with Globe,” said Rob Gilby, Managing Director, The Walt Disney Company Southeast Asia. “With this unique collaboration, Disney fans in the Philippines will now be able to take their favorite stories and beloved characters everywhere they go across their choice of devices.”

“We are very happy to enter into a relationship with such an iconic brand.  Everyone loves Disney –that’s why we are excited to bring the brand closer to Filipinos and give the best content experience on their devices anytime, anywhere. We know that our customers are equally excited to get into the wide portfolio of Disney content such as movies, TV shows, games, merchandising, theatrical releases, and interactive videos available across our mobile and broadband services,” says Dan Horan, Globe Senior Advisor for Consumer Business.

This collaboration continues the journey of Globe as it brings globally innovative brands and content to the Philippine market, including tie-ups with Facebook, Google, Viber, Spotify, NBA, Hooq and recently WhatsApp. These partnerships, together with the company’s US$790M network transformation program, have cemented Globe as the undisputed leader in mobile data business, enriching the customer experience with entertainment and lifestyle content offerings.

About The Walt Disney Company in Southeast Asia (NYSE:DIS)

The Walt Disney Company has been active in Southeast Asia since 1995 when Disney Channel first launched inMalaysia and has grown to five offices in the region (Malaysia, Thailand, Indonesia and the Philippines) with the headquarters in Singapore, employing close to 280 permanent staff. Disney is one of the most active and largest global entertainment companies in the region with diversified businesses in film, consumer products, publishing, mobile content, television and family entertainment overseeing content from six key brands: Disney, Pixar, Marvel, ESPN, ABC and Lucasfilm.

Television is a key driver in growing the Disney brand in the region. Disney Channels Southeast Asia is responsible for the management, creative development and commercial operations of the three Disney-branded channels available across the region: Disney Channel, Disney Junior and Disney XD. The company also distributes Disney owned programs and channels to television, mobile, broadband and on-demand platforms to over 20 Southeast Asian providers including terrestrial broadcasters, pay-TV and channels as well as digital platforms.

Studio Entertainment reached new box office heights in 2013 with Marvel’s Iron Man 3 recording the biggest release in history in Malaysia, Thailand and Indonesia. The Avengers released in 2012 is still the biggest movie of all time in Singapore and Philippines.

As one of the world’s largest creators of high-quality digital experiences, Disney Interactive produces interactive entertainment for the whole family including multi-platform video games, online short form video, mobile and social games and digital destinations across all current and emerging media platforms. Entertaining guests of all ages, Disney Interactive’s key products include the video game platform Disney Infinity, top virtual world for kids Club Penguin, popular mobile franchises like Frozen Free Fall and Disney Tsum Tsum, top online destinations for kids, parents and fans including Disney.com, Oh My Disney, and Babble.com and the Disney social network reaching more than 1 billion guests on Facebook.

From apparel and toys to food and stationery, Disney Consumer Products (DCP) is the world’s leading licensor and works with over 400 licensees across all product categories in Southeast Asia for all ages and lifestyles. Disney Publishing is active in 6 countries in 6 different languages in Southeast Asia, publishing a diverse range of products in the region including story, activity and e-books, magazines and comics that reach a wide demographic from pre-schoolers to pre-teens and adults.

For more information, please visit www.Disney.ph.

About Maker Studios

Maker Studios is the global leader in online short-form video and the largest content network on YouTube. Maker specializes in reaching millennial audiences across multiple programming genres. Maker’s network includes 55,000 independent creators from more than 100 countries, attracting over 10 billion views per month, with a growing scale driven by its robust technology platform, direct-to-consumer distribution and data analytics. Maker is home to many of the world’s leading online talent and award-winning original programs such as “Epic Rap Battles of History.” Maker Studios is a wholly-owned subsidiary of The Walt Disney Company and is headquartered in Los Angeles, with operations in New York, London and Singapore. For more information visit www.makerstudios.com.

About Globe Telecom (PSE:GLO)

Globe Telecom is a leading full service telecommunications company in the Philippines, serving the needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connections, internet and managed services.  Its principals are Ayala Corporation and Singtel who are acknowledged industry leaders in the country and in the region. For more information, visit www.globe.com.ph. Follow Globe Telecom on Facebook at www.facebook.com/GlobePH and Tattoo at www.facebook.com/GlobeTattoo as well as on Twitter @enjoyglobe and @choosetattoo and Instagram at @enjoyglobe and @choosetattoo.

For more information, please contact:

Disney Southeast Asia
Joanne Teo
Senior Manager, Corporate Communications
The Walt Disney Company (Southeast Asia) Pte. Ltd.
T: +65 6692 7371
M: +65 9820 8270 / 9820 8276
E: joanne.teo@disney.com

Globe Telecom, Inc.
Yoly C. Crisanto
Senior Vice President, Corporate Communications
Globe Telecom, Inc.
Email Address: gtcorpcomm@globe.com.ph
Globe Press Room: www.globe.com.ph/press-room
Twitter: @talk2GLOBE │ Facebook: www.facebook.com/globeph

Photo – http://photos.prnasia.com/prnh/20150507/8521502933

Source: Globe Telecom, Inc.

Related stocks: Manila:GLO OTC-PINK:GTMEY

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Written by asiafreshnews

May 8, 2015 at 3:20 pm

Posted in Uncategorized

FPC Introduces its Smallest Touch Fingerprint Sensors to Date

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GOTHENBURG, Sweden, May 7, 2015 /PRNewswire/ —

Fingerprint Cards (FPC) introduces two new touch fingerprint sensors, FPC1022 and FPC1035, FPC’s smallest touch fingerprint sensors to date.

FPC1022 and FPC1035 are mainly considered for integration on the backside of the phone, and the decreased size gives smartphone OEMs increased possibilities to integrate touch fingerprint sensors in the OEMs’ product portfolio. The decreased size also improves possibilities for module manufacturers to customize the look and feel of the touch fingerprint sensor, for example enabling small circular sensors. Together with the other FPC touch fingerprint sensors, FPC1022 and FPC1035 offer the attributes that make FPC’s touch fingerprint sensors industry-leading, such as 3D image quality, low power consumption and FPC OneTouch® for ultra-fast and convenient user verification.

Samples of FPC1022 and FPC1035 have been delivered to customers and development projects with module manufacturers and smartphone OEMs are ongoing. FPC1022 and FPC1035 are planned to be ready for mass production during Q2 2015.

Jorgen Lantto, acting President and Chief Executive Officer of FPC, comments: “Our R&D organization has continuously succeeded in decreasing the size of our touch fingerprint sensors without compromising the characteristics that make our sensors provide secure and convenient user verification with maintained industry-leading biometric performance. Recently we have had major success with our touch fingerprint sensors for placement on the backside of smartphones and the introduction of FPC1022 and FPC1035 makes us prepared to provide even more competitive solutions for future integration projects.”

About Fingerprint Cards AB (publ)

Fingerprint Cards AB (FPC) develops, produces and markets biometric components that through the analysis and matching of an individual’s unique fingerprint verify the person’s identity. The technology consists of biometric sensors, processors, algorithms and modules that can be used separately or in combination with each other. The competitive advantages offered by the FPC’s technology include unique image quality, extreme robustness, low power consumption and complete biometric systems. The company’s technology can also be used in IT and Internet security, access control, etc.

Fingerprint Cards AB (publ) discloses this information pursuant to the Securities Market Act (2007:528) and/or the Financial Instruments Trading Act (1991:980). The information was issued for publication on May 7, 2015 at 8:00 a.m. (CET)

IMPORTANT INFORMATION

Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the constituent information in accordance with the rules and regulations prevailing in the particular jurisdiction. This press release does not constitute an offer, or invitation to acquire or subscribe for new securities in Fingerprint Cards in any jurisdiction.

For more information contact:
Jorgen Lantto, Acting CEO of Fingerprint Cards AB (publ), +46-31-60-78-20, investrel@fingerprints.com

Source: Fingerprint Cards

Written by asiafreshnews

May 8, 2015 at 3:16 pm

Posted in Computer

Man’s Best Friend Helps Owners Build New Friendships

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BRUSSELS, May 7, 2015 /PRNewswire/ —

People get to know each other more often through pets than through children’s schools according to a new study

While making friends is not always easy, new research shows that pet ownership can improve the likelihood of forming new relationships, especially in your neighbourhood. The international study, conducted by The University of Western Australia (Australia) in collaboration with the WALTHAM Centre for Pet Nutrition (UK) underscores the important role pets can play in helping humans build social relationships and support networks.

(Photo: http://photos.prnewswire.com/prnh/20150507/741550)

Overall, the study found that pet owners are significantly more likely to meet new people in their neighbourhoods than non-pet owners. Around a quarter of those who met people through their pet said that this resulted in at least one new friendship rather than a mere acquaintance. Dog owners fare even better as they are five times more likely to get to know people in their neighbourhoods compared with other pet owners, with dog walking being one of the top five ways for people to meet new people. The study surveyed residents in three US and one Australian city and found many similarities when it comes to pets. For instance, in all four cities people got to know others in their neighbourhoods through pets more often than through children’s schools or community events.

“We’re all guilty of being a little too fixated on our screen based devices these days, whether we’re walking and talking on the phone, texting or sending e-mails. Pets, and specifically dog walking, bring us out of the technology bubble and create opportunities for the kind of real interpersonal interactions that can lead to deep, human friendships,” said lead study author Associate Professor Lisa Wood from The University of Western Australia.

The study involved a telephone based survey of over 2500 randomly selected adults aged 18 and over +from four cities, including: Perth (Australia); San Diego, CA; Portland, OR; and, Nashville, TN (US).

The study was featured in the April 2015 edition of the peer-reviewed scientific publication, PLOS ONE http://www.plosone.org. The full article can be read here.

About the WALTHAM® Centre for Pet Nutrition:

Celebrating over 50 years of innovative science, the WALTHAM Centre for Pet Nutrition serves as a leading scientific authority in advancing the frontiers of research into the nutrition and health of companion animals. Located in Leicestershire, England, the renowned state-of-the-art science institute for Mars, Incorporated generates knowledge that enables the development of innovative products that meet pets’ needs in a practical way. Since the publication of its first original research in 1963, WALTHAM® has pioneered many important breakthroughs in the field of pet nutrition and human-animal interaction, resulting in more than 1,700 publications, including over 600 peer-review scientific papers. Today, WALTHAM® continues to collaborate with the world’s foremost scientific institutes, driving Mars’ Petcare vision to create a better world for pets and providing the science and expertise that underpins leading Mars brands such as WHISKAS®, PEDIGREE®, NUTRO®, IAMS®, EUKANUBA®, NATURA, TRILL®, CESAR®, SHEBA®, KITEKAT®, DREAMIES™, AQUARIAN®, WINERGY®, BANFIELD® Pet Hospital and ROYAL CANIN.

About Mars, Incorporated

In 1911, Frank C. Mars made the first Mars candies in his Tacoma, Washington kitchen and established Mars’first roots as a confectionery company. In the 1920s,Forrest E. Mars, Sr. joined his father in business and together they launched the MILKY WAY® bar. In 1932, Forrest, Sr. moved to the United Kingdom with a dream of building a business based on the objective of creating a “mutuality of benefits for all stakeholders” – this objective serves as the foundation of Mars, Incorporated today. Based in McLean, Virginia, Mars has net sales of more than $33 billion, six business segments including Petcare, Chocolate, Wrigley, Food, Drinks, Symbioscience, and more than 75,000 Associates worldwide that are putting its Principles into action to make a difference for people and the planet through its performance.

Mars brands include: Petcare – PEDIGREE®, ROYAL CANIN®, WHISKAS®, IAMS®, KITEKAT®, BANFIELD® Pet Hospital, NUTRO®, SHEBA®, DREAMIES®, CESAR®, EUKANUBA® and NATURA; Chocolate – M&M’S®, SNICKERS®, DOVE®, GALAXY®, MARS®, MILKY WAY® and TWIX®; Wrigley – DOUBLEMINT®, EXTRA®, ORBIT® and 5™ chewing gums, SKITTLES® and STARBURST® candies, and ALTOIDS® AND LIFESAVERS® mints. Food -UNCLE BEN’S®, DOLMIO®, EBLY®, MASTERFOODS®, SEEDS OF CHANGE® and ROYCO®; Drinks – ALTERRA ® Coffee Roasterscoffee, THE BRIGHT TEA CO.® tea,DOVE®/GALAXY® Hot Chocolate, and FLAVIA® brewer; Symbioscience – COCOAVIA®, WISDOM PANEL® and SERAMIS®.

For more information, please visit http://www.mars.com. Follow us: http://facebook.com/mars, http://twitter.com/marsglobal, http://youtube.com/mars.

Source: Mars Petcare

Written by asiafreshnews

May 8, 2015 at 11:59 am

Posted in Healthcare

2015-05-05 21:00 Share with Twitter Share with LinkedIn Share with Repost.us BANGALORE, May 5, 2015 /PRNewswire/ — Fellowship Enables Educated Youth to Work on Rural Development Projects of Partner NGOs for a Period of 13 Months Prior to joining the State Bank of India (SBI) Youth for India fellowship programme, Bharat Vineeth worked in the IT industry at Bangalore. But, with an unwavering passion to help the needy, Vineeth – an MBA and engineering degree holder – took a sabbatical and set out to make a change. He applied for the SBI Youth for India (YFI) fellowship, a CSR initiative managed by SBI in partnership with reputed NGOs. (Logo: http://photos.prnewswire.com/prnh/20150504/10122030-a) (Logo: http://photos.prnewswire.com/prnh/20150504/10122030-b) With a high percentage of malnourishment among children and several incidences of midday meal food poisoning due to stale food at an anganwadi (primary school) in Jeypore, Odisha, Vineeth, during his fellowship, came up with a simple but effective solution. Midday meals served at the anganwadi were affected not only due to unavailability of food, but also because of food practices of the tribals. The nearest market was 15 kms away and villagers did not grow their own vegetables. Vineeth took up the cause and convinced students and authorities to set up a kitchen garden. Implementation of best gardening practices resulted in the garden producing over 30 kgs of fresh supply monthly. The fresh produce could be used for midday meals to help students get better nutrition. Like Vineeth, many Indian youth are passionate about causes and want to bring about a change in the lives of the rural community. Giving them an opportunity to realise their dream of transforming lives, the ‘SBI Youth for India’ initiative is inviting applications from creative and motivated Indian youth and NRIs. The initiative gives fellows a platform to equip themselves with skills and tools, setting in motion a lasting shift in their ability to empower others. Fellows will have an opportunity to work on a variety of projects with partner NGOs across 10 states at 35 locations. Fellows can either choose to work on an existing project of a partner NGO or can implement a new idea. Endorsing the initiative, Ratan Tata, Chairman Emeritus, Tata Sons, said, “Each one who participates would probably be doing far more in that year than they may have the satisfaction of doing in five years in another kind of profession.” Interested candidates should apply here: http://www.youthforindia.org. Last date for submission is June 10, 2015. Media Contact: Geeta Verghese, Programme Coordinator +91-8025554678 g.verghese@youthforindia.org Source: State Bank of India Featured Video Related Keywords: Banking/Financial Service Education Corporate Social Responsibility Recent Releases New Technology Allows Accuracy in the Treatment of Cancer Never Achieved Before 2015-05-08 DLD New York City: Live Streaming and Lederhosen 2015-05-07 FPC Introduces its Smallest Touch Fingerprint Sensors to Date 2015-05-07 Man’s Best Friend Helps Owners Build New Friendships 2015-05-07 UAE Unveils Mission Plan for the First Arab Space Probe to Mars 2015-05-07 Go to MediaRoom Banking/Financial Service Recent Releases China Green Agriculture Announced to Hold an Earnings Conference Call for Q3 FY2015 on May 11, 2015 2015-05-08 Monster Worldwide Reports First Quarter 2015 Results 2015-05-07 China XD Plastics Schedules First Quarter 2015 Earnings Release for Monday, May 11, 2015 2015-05-07 Pingtan Marine Enterprise Schedules 2015 First Quarter Financial Results And Conference Call On May 12, 2015 2015-05-07 Shunfeng International Clean Energy CEO is Nominated for Asian CEO of the Year 2015-05-07 Read more Education Recent Releases Corporate Social Responsibility Recent Releases 한국어日本語 | 繁體中文 | 简体中文 | Advanced Search Search News Releases Events Go Sign in / Register Global sites Products & Services News Releases Knowledge Center For Journalists & Media Multimedia Theater Contact Us

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BANGALORE /PRNewswire/ — Fellowship Enables Educated Youth to Work on Rural Development Projects of Partner NGOs for a Period of 13 Months

Prior to joining the State Bank of India (SBI) Youth for India fellowship programme, Bharat Vineeth worked in the IT industry at Bangalore. But, with an unwavering passion to help the needy, Vineeth – an MBA and engineering degree holder – took a sabbatical and set out to make a change. He applied for the SBI Youth for India (YFI) fellowship, a CSR initiative managed by SBI in partnership with reputed NGOs.

(Logo: http://photos.prnewswire.com/prnh/20150504/10122030-a)
(Logo: http://photos.prnewswire.com/prnh/20150504/10122030-b)

With a high percentage of malnourishment among children and several incidences of midday meal food poisoning due to stale food at an anganwadi (primary school) in Jeypore, Odisha, Vineeth, during his fellowship, came up with a simple but effective solution.

Midday meals served at the anganwadi were affected not only due to unavailability of food, but also because of food practices of the tribals. The nearest market was 15 kms away and villagers did not grow their own vegetables. Vineeth took up the cause and convinced students and authorities to set up a kitchen garden. Implementation of best gardening practices resulted in the garden producing over 30 kgs of fresh supply monthly. The fresh produce could be used for midday meals to help students get better nutrition.

Like Vineeth, many Indian youth are passionate about causes and want to bring about a change in the lives of the rural community. Giving them an opportunity to realise their dream of transforming lives, the ‘SBI Youth for India‘ initiative is inviting applications from creative and motivated Indian youth and NRIs.

The initiative gives fellows a platform to equip themselves with skills and tools, setting in motion a lasting shift in their ability to empower others. Fellows will have an opportunity to work on a variety of projects with partner NGOs across 10 states at 35 locations. Fellows can either choose to work on an existing project of a partner NGO or can implement a new idea.

Endorsing the initiative, Ratan Tata, Chairman Emeritus, Tata Sons, said, “Each one who participates would probably be doing far more in that year than they may have the satisfaction of doing in five years in another kind of profession.”

Interested candidates should apply here: http://www.youthforindia.org. Last date for submission is June 10, 2015.

Media Contact:
Geeta Verghese,
Programme Coordinator
+91-8025554678
g.verghese@youthforindia.org

Source: State Bank of India

Written by asiafreshnews

May 8, 2015 at 11:37 am

Posted in Uncategorized

JNA Awards Announces Impressive Judging Panel For 2015

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— James Courage, Albert Cheng, Lin Qiang, Nirupa Bhatt and Yasukazu Suwa invited to sit on selection panel

HONG KONG /PRNewswire/ — The JNA Awards is pleased to announce that some of the most respected names in the jewellery and gemstone industry will form the independent judging panel this year. Three of the industry’s most recognised names will continue on in their roles as judges since the event’s launch in 2012. They are James Courage, Chairman of the Responsible Jewellery Council (RJC); Albert Cheng, Managing Director of the World Gold Council, Far East (WGC); and Lin Qiang, President and Managing Director of the Shanghai Diamond Exchange (SDE). Nirupa Bhatt, Managing Director of GIA India and the Middle East, is returning as a judge for the third consecutive year, and Yasukazu Suwa, Chairman of Suwa & Son, Inc, is joining the panel for the first time.

(From left) James Courage, Chairman of the Responsible Jewellery Council; Albert Cheng, Managing Director of the World Gold Council, Far East; Lin Qiang, President and Managing Director of the Shanghai Diamond Exchange; Nirupa Bhatt, Managing Director of GIA India and the Middle East; and Yasukazu Suwa, Chairman of Suwa & Son, Inc
(From left) James Courage, Chairman of the Responsible Jewellery Council; Albert Cheng, Managing Director of the World Gold Council, Far East; Lin Qiang, President and Managing Director of the Shanghai Diamond Exchange; Nirupa Bhatt, Managing Director of GIA India and the Middle East; and Yasukazu Suwa, Chairman of Suwa & Son, Inc

The JNA Awards honours companies and individuals that have demonstrated excellence and innovation in the jewellery and gemstone industry, with a focus on their accomplishments in the Asian region.

The judging process for the JNA Awards is independent, robust, transparent and intellectually rigorous. The selection panel consists of a group of distinguished individuals who are widely recognised for their expertise and insights into specific industry segments, and represent regions that are key to the jewellery and gemstone trade.

“We are truly grateful to have such a distinguished group of experts on this year’s judging panel. We look forward to working with them in recognising and identifying unique business models, innovative ideas and exceptional visions,” said Letitia Chow, Founder of JNA and Director of Business Development — Jewellery Group at UBM Asia.

RJC’s Courage commented, “Participation in the judging process for the last three years has provided me with a real insight into the dynamics of the jewellery business and how, in many areas, the industry is a pioneer in the use of technology, in the application of social media and web platforms for business and communications, and in social responsibility and CSR along the supply chain — something close to my role as Chairman of the RJC. I am fortunate that in my extensive travels, I have been able to witness change on the ground and to learn, at first hand, of the respect in which the JNA Awards is held across Asia.  I am honoured to have been invited to be a judge for the JNA Awards 2015.” Courage has been involved in the jewellery industry for many decades as PGI’s CEO until this year, as Chairman of RJC, and with many years of international experience with De Beers in the 80s and 90s.

“It is my greatest pleasure to join other respected leaders from the industry in the JNA Awards 2015 judging panel.  I value the experience and knowledge that I have gained as a judge of the JNA Awards for the past three years, and I look forward to seeing more qualified entries and first-time entrants sharing their best business practices and innovative approaches to advance the development of the trade,” WGC’s Cheng said. Cheng joined the WGC regional office in Singapore in March 1993 as Regional Manager for planning and business development in the Far East. In 2003, he was appointed to his current role with responsibility for operations in the entire region.

Lin of SDE remarked, “Having been part of the awards since its inception four years ago, it is extremely encouraging to see it gain international recognition within the industry and grow in size in terms of both entries and attendees over such a short period of time. I am deeply honoured to be invited once again as a judge in this industry-wide event.” Since 2000, Lin has been the President and Managing Director of SDE, the only official diamond trading platform in mainland China, which leads the implementation of an effective government policy for the country’s diamond industry.

“I am pleased to participate in this important industry event as a member of the judging panel. The awards judging process is important since it encourages businesses to get to the next level. It is an honour to share valuable insights on outstanding industry practices with distinguished experts from the business community,” commented Bhatt, who has received several global honours for her contributions to the gemstone and jewellery industry.  She is also a member of the Board of Directors of the All India Gems and Jewellery Trade Federation, and Gem and Jewellery Skill Council of India, as well as an invitee to the marketing committee of the Gem & Jewellery Export Promotion Council in India.

Suwa of Suwa & Son added, “I am honoured to be invited to serve as a judge for the 2015 JNA Awards and to work with such a prestigious group.  For an event of such high standards and quality, I anticipate that the judging process will not be an easy task, but I look forward to approaching it with an open mind.  We hope that this year’s awards will continue to inspire members of the industry to strive for excellence and to share the passion we have for the jewellery industry.” Suwa is chairman of Suwa & Son, Inc, a Japanese gemstone dealer business established in 1908. He was the first Japanese national to earn his Graduate Gemologist certification from the GIA in 1965.

The JNA Awards will culminate with a ceremony and gala dinner on Sunday, 20 September, at the Regal Airport Hotel Hong Kong, which will be held on the sidelines of the September Hong Kong Jewellery & Gem Fair 2015. The Awards is led by Rio Tinto Diamonds and Chow Tai Fook as Headline Partners, with Diarough Group, Gubelin Group, Israel Diamond Institute Group of Companies, SDE and Guangdong Land Holdings Limited as Honoured Partners.

For more information about the JNA Awards, visit www.JNAawards.com or contact:

JNA Awards Marketing
UBM Asia (Hong Kong)
+852 2516-1683
marketing@jnaawards.com

Notes for Editors:

1. About JNA (www.jewellerynewsasia.com)

JNA is the organiser of the JNA Awards and is the flagship magazine of UBM Asia’s Jewellery Group. First published in 1983, the title is the leader in providing up-to-date international jewellery trade news with an Asian insight. It features original, in-depth reports by experienced journalists covering the latest developments in the diamond, pearl, gemstone, jewellery manufacturing, and equipment and supplies sectors.

2. About the Headline Partners

2.1 Rio Tinto Diamonds (www.riotinto.com/diamondsandminerals)

Rio Tinto operates a fully integrated diamonds business from exploration through to sales and marketing. It is one of the world’s major diamond producers through its 100 percent control of the Argyle mine in Australia, 60 percent interest in Diavik mine in Canada, 78 percent interest in the Murowa mine in Zimbabwe and 100 percent interest in the Bunder project in India.

Rio Tinto’s share of the production from its three operating diamond mines is sold through its sales and marketing office in Antwerp, with representative offices in Mumbai, Hong Kong and New York. It also operates a niche cutting and polishing factory in Perth for the rare pink diamonds from its Argyle mine. Rio Tinto is a leading supporter of the Kimberley Process, as well as a founding member of the Responsible Jewellery Council.

2.2 Chow Tai Fook Jewellery Group Limited (www.chowtaifook.com)

Chow Tai Fook Jewellery Group Ltd, one of the world’s leading jeweller and the largest in terms of sales, was listed on the Main Board of The Stock Exchange of Hong Kong in December 2011. Chow Tai Fook is now a constituent stock of the Hang Seng China 50 Index and the Hang Seng Mainland 100 Index.

The iconic brand “Chow Tai Fook” of the Group has been widely recognised for its trustworthiness and authenticity, and renowned for product design, quality and value. The recent acquisition of Hearts On Fire, an internationally acclaimed luxury jewellery brand, has further underpinned the Group’s stature as a diamond expert in the industry.

The Group has an extensive retail network comprising over 2,250 Chow Tai Fook and Hearts On Fire points of sale spanning nearly 500 cities in Greater China, Singapore, Malaysia, South Korea and the United States, as well as a strong and fast growing e-tail network through operating its Chow Tai Fook e-Shop and various e-tail accounts on other online shopping platforms.

The Group’s sophisticated vertically integrated business model provides an effective and tight control over the entire operation chain from raw material procurement, design, production, to marketing and sales through its extensive POS and e-tail channels.

3. About the Honoured Partners

3.1 Diarough Group (www.diarough.com)

Diarough Group was established in Antwerp in 1975 and owns diamond polishing factories in China, India,Thailand and Botswana, with a network of sales offices around the world. Diarough is known among the most professional and respected names in the international diamond industry.

Diarough believes in building and nurturing long-term business relationships based on mutual trust, finding solutions to business and marketing problems, creating marketable opportunities through innovative products and providing excellent client services.

Its jewellery manufacturing unit Uni-Design has produced many award-winning jewellery pieces, which have been proudly worn by celebrities on the red carpet over the years.

The Group employs over 3,500 people and is engaged in a wide range of diamond business activities like rough trading, cutting, polishing, jewellery manufacturing and marketing to retailers, chain stores, global brands and private labels worldwide. Diarough employs advanced technology and modern work speed with traditional ethical business practices upon which the Company was founded.

3.2 Gubelin Group (www.gubelin.com)

Since 1854, the name Gubelin has stood for the very highest standards in gemstones, jewellery and watches. With its selection of the most sought-after timepieces and jewellery of its own design, the family-run business is represented at all the prime locations in Switzerland: Lucerne, Zurich, Basel, Bern, St. Moritz, Lugano andGeneva. Last November, Gubelin Jewellery established its presence in Hong Kong.

Besides the jewellery boutiques and the Gubelin Ateliers, the group has a newly-established Academy and a world-renowned Gemmological Laboratory. The Gubelin Gem Lab is one of the oldest and most respected institutions of its kind, relied on by dealers, auction houses, royal families and collectors since the 1920s.

3.3 Israel Diamond Institute Group of Companies (www.israelidiamond.co.il)

The Israel Diamond Institute Group of Companies (IDI) is a non-profit, public interest company representing all institutions involved in the Israeli Diamond Industry. Israel is one of the world’s leading diamond centres and IDI works to enhance Israel’s position as a major trading and manufacturing hub.

IDI works to benefit Israel’s diamond industry in a variety of areas including:  marketing and PR, technological innovation, encouraging local manufacturing, training, and security consulting. IDI seeks out new markets for Israeli diamonds and develops existing ones.  As part of this effort, IDI organizes industry participation in major trade fairs around the world, establishing Israeli Diamond Pavilions and sponsoring events at these shows.

IDI operates a representative office in Hong Kong, which fosters trade relations with Asian markets.

3.4 Shanghai Diamond Exchange (www.cnsde.com)
Authorised by the State Council, the Shanghai Diamond Exchange (SDE) is the only diamond exchange in Chinaand provides diamond dealers a fair and safe transaction venue under close supervision. It also enjoys a favourable taxation policy and is operated in accordance with international best practices of the diamond industry.

Established in 2000, the SDE is a non-profit, self-regulating membership organisation and a member of the World Federation of Diamond Bourses.

3.5 The Guangdong Land Holdings Limited (www.gdland.com.hk)

The Guangdong Land Holdings Limited (GDLAND), with its headquarters in Hong Kong, is listed on The Stock Exchange of Hong Kong Limited, and is a subsidiary of GDH Limited, which is Guangdong Province’s largest conglomerate operating outside Mainland China.

The principal business of GDLAND is property development and investment, including but not limited to the development and operational management of the innovative commercial real estate, urban complex and industrial business complex. As the strategic arm of GDH Limited, GDLAND engages in the business development of commercial real estate, as well as the projects of urban and industrial complex.

GDLAND’s flagship project, namely the “Buxin Project”, is planned to become the biggest and most advanced jewellery mart in the world, including a large-scale jewellery trading and exhibition centre along with other facilities, with a lot size of over 87,000 square metres and the construction scale (floor area) is expected to be more than 700,000 square metres. The Buxin Project, which is located in the Buxin area of Luohu district inCentral Shenzhen, close to the Shuibei Gold and Jewellery Base, is expected to develop the area into one of the most influential gold and jewellery trading and exchange platforms in China and around the world.

4. About UBM Asia (www.ubmasia.com)

Owned by UBM plc listed on the London Stock Exchange, UBM Asia is the largest trade show organiser in Asiaand the largest commercial organiser in China, India and Malaysia. Established with its headquarters in Hong Kong and subsidiary companies across Asia and in the US, UBM Asia has a strong global presence in 24 major cities with 30 offices and 1,300 staff.

With a track record spanning over 30 years, UBM Asia operates in 20 market sectors with 230 dynamic face-to-face exhibitions and high-level professional conferences, 23 targeted trade publications, 20 round-the-clock online products for over 1,000,000 quality exhibitors, visitors, conference delegates, advertisers and subscribers from all over the world. We provide a one-stop diversified global service for high-value business matching, quality market news and online trading networks.

UBM Asia has extensive office networks in China, Southeast Asia and India, three of the world’s fastest growing B2B events markets. UBM China has 11 offices in the major cities in mainland China, including Beijing,Shanghai, Guangzhou, Hangzhou, Guzhen and Shenzhen, where we organise 90 exhibitions and conferences. In ASEAN, UBM Asia operates from its offices in Malaysia, Thailand, Indonesia, Singapore, Vietnam and the Philippines with over 40 events in this region. UBM India teams in Mumbai, New Delhi, Bengaluru and Chennaiorganise 40 exhibitions and conferences every year across the country.

Photo – http://photos.prnasia.com/prnh/20150505/8521502847
Photo – http://www.prnasia.com/sa/2010/04/19/20100419602891.jpg

Source: JNA
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Written by asiafreshnews

May 8, 2015 at 11:27 am

Posted in Uncategorized

Monster Worldwide Reports First Quarter 2015 Results

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WESTON, Mass.,/PRNewswire/ —

  • First Quarter Highlights:
    • Company Exceeds Expectations on EBITDA, EPS and Cash Flow
      • Consolidated Adjusted EBITDA of $27 Million; Careers  North America EBITDA Margin of 27%
      • Non-GAAP EPS of $0.08; GAAP EPS of $0.09
      • Cash Flow From Operations Increased 40% Year-Over-Year to $27 Million
    • Consolidated Bookings Increased 1% Year-Over-Year at Constant Currency
      • Core Careers  North America Bookings Grew 6%
    • Revenue of $184 Million Increased 1% Sequentially at Constant Currency
    • Completes Sale of Majority of Interest in Australian Joint Venture for $9 Million
    • “All the Jobs, All the People” Strategy Gaining Significant Traction with Continued Introduction of New Strategic Products
    • “Reallocate to Accelerate” Program Substantially Complete
    • Reiterates Q4 2015 EBITDA Margin Guidance of 18-22%

Monster Worldwide, Inc. (NYSE: MWW) today reported financial results for the first quarter ended March 31, 2015.

“Our first quarter profitability, cash flow and leverage metrics all exceeded our expectations,” said Tim Yates, President and Chief Executive Officer. “The bookings momentum we saw in our core North American Careers segment continued from previous quarters with 6% year-over-year growth. While we are pleased with the recent bookings trends, and expect them to continue, revenue growth and sales execution continues to be a primary focus. We welcome the addition of Paul Forte, a veteran sales leader, as our new head of North American sales. Bookings in our International segment increased 2% on a constant currency basis. We are confident that our new strategic products combined with our traditional core products provide a superior competitive solution for our customers. Our EBITDA margins expanded to 14.7% and we are confident we will continue to improve margins going forward, and we remain on track to achieve our 18-22% target exiting this year’s fourth quarter.”

During the quarter, we had a number of important business highlights including:

  • Debuted “All the Jobs” strategy for seekers with the unveiling of 3 million more jobs on Monster.com
  • Newly released Responsive Designed Homepage in the U.S. offers one site for every screen
  • Introduced Monster Social Job Ads in North America, a next generation social recruitment advertising solution
  • Launched new advertising campaign targeting Millennials, the single largest segment of the U.S. workforce for the next 2 decades

These initiatives are beginning to have a positive impact on our traffic metrics, particularly on North American organic traffic.

Tim Yates also commented: “Our actions in the first quarter demonstrate our commitment to our previously articulated capital allocation policies. Net debt decreased and leverage ratios improved, partially as a result of the sale of the majority of our interest in our break-even joint venture in Australia. We will continue to review other non-core assets.”

First Quarter 2015 Results

Revenue of $184 million decreased 7% compared to last year’s first quarter and 3% on a constant currency basis. Revenue in the first quarter of 2014 was $198 million. Revenue from the Company’s Careers North Americaoperations decreased 4% year-over-year and revenue from Careers International decreased 13% year-over-year and 1% on a constant currency basis. Internet Advertising & Fees revenue and operating results are now being reported within the Careers North America segment. Historical quarterly revenue data is available in the Company’s supplemental financial information.

Total GAAP operating expenses decreased to $193 million compared to $199 million in the first quarter of 2014. Net income attributable to Monster for the first quarter of 2015 was $8 million, or $0.09 per share, compared to net income attributable to Monster of $2 million, or $0.02 per share in the first quarter of 2014.

Non-GAAP net income attributable to the Company was $7 million, or $0.08 per share, compared to $7 million, or$0.08 per share in the first quarter of 2014. Non-GAAP operating expenses of $168 million decreased 8% year over year. Adjusted EBITDA margin of 15% was led by Careers  North America with a 27% margin. Pro-forma items are described in the “Notes Regarding the Use of Non-GAAP Financial Measures” and are reconciled to the GAAP measure in the accompanying tables.

Net cash provided by operating activities in the quarter was $27 million and free cash flow was $19 million. Deferred revenue grew sequentially to $304 million or 1% compared to $301 million as of December 31, 2014. The Company ended the quarter with total available liquidity of approximately $170 million.

Reallocate to Accelerate

On February 10, 2015, the Company committed to implement a series of cost savings initiatives to reduce costs globally while continuing to support the Company’s new strategy. The initiatives include a global workforce reduction of approximately 300 associates, lease exit costs, impairment of certain assets, and office and general expense controls. Through March 31, 2015, approximately 200 associates in North America and Europe have been impacted, and the Company has incurred $20 million of charges relating to this program. These charges have been excluded from the Company’s non-GAAP financial statements for the three months ended March 31, 2015. The Company anticipates additional charges of approximately $3 million to $5 million in the second and third quarters of 2015 in connection with this program.

Segment Change

The Company has combined certain functions to better align resources and drive growth. As a result, the Internet Advertising & Fees segment has been combined with the Careers  North America segment. More specifically, Military.com will be managed by the Government Solutions business and Fastweb and Monster.com’s consumer advertising business will now be included in the Company’s core North American results.

Guidance

Second quarter 2015 Non-GAAP EPS from continuing operations is expected to be in the range of $0.07 to $0.11, which excludes $4 million to $5 million of stock-based compensation, $1.2 million of non-cash debt discount amortization related to the convertible debt and restructuring charges related to the Reallocate to Accelerate program.

The Company expects to exit 2015 with a fourth quarter EBITDA margin of between 18-22%.

Historical data on Non-GAAP EPS is available in the Company’s supplemental financial information.

Conference Call and Webcast

First quarter 2015 results will be discussed on Monster Worldwide’s quarterly conference call on May 7, 2015 at8:30 AM ET. A live webcast of the conference call can be accessed online through the Investor Relations section of the Company’s website at http://ir.monster.com. To join the conference call by telephone, please dial (888) 317-6003 or (412) 317-6061 and reference conference ID# 0430146. A presentation of financial slides will be referenced during the conference call and will be viewable through the live webcast. A PDF of the financial presentation can also be accessed directly through the Company’s Investor Relations website athttp://ir.monster.com.

The Company has also made available certain supplemental financial information which can be accessed directly through the Company’s Investor Relations website at http://ir.monster.com.

For a replay of the conference call, please dial (877) 344-7529 or (412) 317-0088 and reference ID# 10064152. This number is valid until midnight on May 15, 2015.

About Monster Worldwide
Monster Worldwide, Inc. (NYSE: MWW) is a global leader in connecting people to jobs, wherever they are. For more than 20 years, Monster has helped people improve their lives with better jobs, and employers find the best talent. Today, the company offers services in more than 40 countries, providing some of the broadest, most sophisticated job seeking, career management, recruitment and talent management capabilities. Monster continues its pioneering work of transforming the recruiting industry with advanced technology using intelligent digital, social and mobile solutions, including our flagship website monster.com® and a vast array of products and services. For more information visit http://monster.com/about.

Special Note: The statements in this release that are not strictly historical, including, without limitation, statements regarding the Company’s strategic direction, prospects and future results, constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties and, therefore, actual results may differ materially from what is expressed or implied herein and no assurance can be given that the Company will achieve, among other things, its outlook with respect to earnings per share for the second quarter 2015 and EBITDA margin for the fourth quarter 2015. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, economic and other conditions in the markets in which we operate, risks associated with acquisitions or dispositions, competition, and the other risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated into this release by reference. Many of the factors that will determine the Company’s future results are beyond the ability of management to control or predict. Readers should not place undue reliance on the forward-looking statements in this release as they reflect management’s views only as of the date hereof. The Company undertakes no obligation to revise or update any of the forward-looking statements contained in this release or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Notes Regarding the Use of Non-GAAP Financial Measures

The Company has provided certain Non-GAAP financial information as additional information for its operating results. These measures are not in accordance with, or an alternative for, generally accepted accounting principles (“GAAP”) and may be different from non-GAAP measures reported by other companies. The Company believes that its presentation of non-GAAP measures provides useful information to management and investors regarding certain financial and business trends relating to its financial condition and results of operations.

Non-GAAP revenue, operating expenses, operating income, operating margin, net income, and diluted earnings per share attributable to Monster Worldwide, Inc. all exclude certain proforma adjustments including: non-cash stock based compensation expense; costs incurred in connection with the Company’s restructuring programs; non-cash impairment charges; amortization of the debt discount and deferred financing costs associated with our 3.50% convertible senior notes due 2019; write-off of deferred financing costs relating to our former credit facility, amended in October 2014; income tax benefits associated with the reversal of income tax reserves on uncertain tax positions and a tax benefit related to certain losses arising from the Company’s restructuring programs; income tax provisions for increased valuation allowances on deferred tax assets; gain on deconsolidation of subsidiaries and tax provisions thereon; gain on partial sale of an equity method investment and tax provisions thereon; and charges related to exited facilities and acquisition related costs.

In the first quarter of the calendar year 2015, the Company began to utilize a fixed long-term projected non-GAAP tax rate for reporting operating results and for planning, forecasting, and analyzing future periods. This change provides better consistency across the interim reporting periods by eliminating the effects of non-recurring and period-specific items. When projecting this long-term rate, the Company evaluated a five-year financial projection comprising the current and the next four years that exclude the income tax effects of the non-GAAP pre-tax adjustments described above, eliminates the effects of non-recurring and period specific items which can vary in size and frequency, and is reflective of the anticipated future geographic mix of income among tax jurisdictions. The projected rate also assumes no new acquisitions or disposals in the five-year period, eliminates the effect of tax valuation allowances, and takes into account other factors including the Company’s current tax structure, its existing tax positions in various jurisdictions and key legislation in major jurisdictions where the Company operates. The non-GAAP tax rate is 35%. The Company intends to re-evaluate this long-term rate on an annual basis or if any significant events that may materially affect this long-term rate occur. This long-term rate could be subject to change for a variety of reasons, which may include (but are not limited to) for example, significant changes in the geographic earnings mix including future acquisition or disposition activity, having less income than anticipated, or fundamental tax law changes in major jurisdictions where the Company operates.

The Company uses these Non-GAAP measures for reviewing the ongoing results of the Company’s core business operations and in certain instances, for measuring performance under certain of the Company’s incentive compensation plans. These Non-GAAP measures may not be comparable to similarly titled measures reported by other companies.

Earnings before interest, taxes, depreciation and amortization (“EBITDA”) is defined as operating income or loss before depreciation and amortization, non-cash compensation expense, non-cash impairment charges, and non-cash costs incurred in connection with the Company’s restructuring programs. Adjusted EBITDA excludes the impact of the pro-forma adjustments discussed above. The Company considers EBITDA and Adjusted EBITDA to be an important indicator of its operational strength which the Company believes is useful to management and investors in evaluating its operating performance. EBITDA and Adjusted EBITDA are non-GAAP measures and may not be comparable to similarly titled measures reported by other companies.

Free cash flow is defined as cash flow from operating activities less capital expenditures. Free cash flow is considered a liquidity measure and provides useful information about the Company’s ability to generate cash after investments in property and equipment. Free cash flow reflected herein is a non-GAAP measure and may not be comparable to similarly titled measures reported by other companies. Free cash flow does not reflect the total change in the Company’s cash position for the period and should not be considered a substitute for such a measure.

Net cash and securities are defined as cash and cash equivalents plus short-term and long-term marketable securities, less total debt. Total available liquidity is defined as cash and cash equivalents, plus short-term and long-term marketable securities, plus unused borrowings under our credit facility. The Company considers net cash and securities and total available liquidity to be important measures of liquidity and indicators of its ability to meet its ongoing obligations. The Company also uses net cash and securities and total available liquidity, among other measures, in evaluating its choices for capital deployment. Net cash and securities and total available liquidity are presented herein as non-GAAP measures and may not be comparable to similarly titled measures used by other companies.

MONSTER WORLDWIDE, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended March 31,

2015

2014

Revenue

$ 183,693

$ 198,149

Salaries and related

93,746

101,999

Office and general

46,042

55,207

Marketing and promotion

33,161

41,413

Restructuring and other special charges

20,222

Total operating expenses

193,171

198,619

Operating loss

(9,478)

(470)

Gain on partial sale of equity method investment

8,849

Gain on deconsolidation of subsidiaries, net

11,828

Interest and other, net

(3,107)

(1,323)

(Loss) income before income taxes and loss in equity interests

(3,736)

10,035

(Benefit from) provision for income taxes

(13,145)

6,663

Loss in equity interests, net

(220)

(133)

Net income

9,189

3,239

Net income attributable to noncontrolling interest

(1,019)

(1,174)

Net income attributable to Monster Worldwide, Inc.

$ 8,170

$ 2,065

Basic earnings per share attributable to Monster Worldwide, Inc.

$ 0.09

$ 0.02

Diluted earnings per share attributable to Monster Worldwide, Inc.

$ 0.09

$ 0.02

Weighted average shares outstanding:

Basic

89,137

91,102

Diluted

91,474

94,416

EBITDA:

Operating loss

$ (9,478)

$ (470)

Depreciation and amortization of intangibles

11,807

12,519

Stock-based compensation

4,465

8,173

Restructuring non-cash expenses

4,226

EBITDA

$ 11,020

$ 20,222

MONSTER WORLDWIDE, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

Three Months Ended March 31,

2015

2014

Cash flows provided by operating activities:

Net income

$ 9,189

$ 3,239

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

11,807

12,519

Provision for doubtful accounts

323

316

Stock-based compensation

4,465

8,173

Deferred income taxes

3,933

3,893

Non-cash restructuring charges

4,226

Loss in equity interests, net

220

133

Gain on deconsolidation of subsidiaries

(13,647)

Amount reclassified from accumulated other comprehensive income

1,819

Gain on partial sale of equity method investment

(8,849)

Excess income tax benefit from equity compensation plans

(130)

Changes in assets and liabilities, net of acquisitions:

Accounts receivable

(255)

14,501

Prepaid and other

(4,298)

(14,838)

Deferred revenue

9,946

(964)

Accounts payable, accrued liabilities and other

(3,948)

3,893

Total adjustments

17,570

15,668

Net cash provided by operating activities

26,759

18,907

Cash flows (used for) provided by investing activities:

Capital expenditures

(7,945)

(10,700)

Payments for acquisitions, net of cash acquired

(27,005)

Investment in Alma Career Oy

(6,516)

Cash funded to equity investee and other

976

(729)

Capitalized patent defense costs

(2,263)

Cash received from partial sale of equity investment

9,128

Net cash used for investing activities

(104)

(44,950)

Cash flows provided by (used for) financing activities:

Proceeds from borrowings on credit facilities

31,600

78,800

Payments on borrowings on credit facilities

(31,600)

Payments on borrowings on term loan

(2,250)

(1,875)

Fees paid on the issuance of debt

(997)

Repurchase of common stock

(39,653)

Tax withholdings related to net share settlements of restricted stock awards and units

(5,494)

(1,427)

Excess income tax benefit from equity compensation plans

130

Net cash (used for) provided by financing activities

(8,741)

35,975

Effects of exchange rates on cash

(1,981)

118

Net increase in cash and cash equivalents

15,933

10,050

Cash and cash equivalents, beginning of period

94,297

88,581

Cash and cash equivalents, end of period

$ 110,230

$ 98,631

Free cash flow:

Net cash provided by operating activities

$ 26,759

$ 18,907

Less: Capital expenditures

(7,945)

(10,700)

Free cash flow

$ 18,814

$ 8,207

MONSTER WORLDWIDE, INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

Assets:

March 31, 2015

December 31, 2014

Cash and cash equivalents

$ 110,230

$ 94,297

Accounts receivable, net

275,539

282,523

Property and equipment, net

117,203

119,729

Goodwill and intangibles, net

565,592

571,124

Investment in unconsolidated affiliates

18,832

20,700

Other assets

116,069

128,778

Total Assets

$ 1,203,465

$ 1,217,151

Liabilities and Stockholders’ Equity:

Accounts payable, accrued expenses and other current liabilities

$ 160,821

$ 159,027

Deferred revenue

303,535

300,724

Current portion of long-term debt

10,125

9,563

Long-term income taxes payable

37,550

54,636

Long-term debt, net, less current portion

200,055

201,821

Other long-term liabilities

18,125

16,635

Total Liabilities

$ 730,211

$ 742,406

Stockholders’ Equity

473,254

474,745

Total Liabilities and Stockholders’ Equity

$ 1,203,465

$ 1,217,151

MONSTER WORLDWIDE, INC.

UNAUDITED NON-GAAP STATEMENTS OF OPERATIONS AND RECONCILIATIONS

(in thousands, except per share amounts)

Three Months Ended March 31, 2015

Three Months Ended March 31, 2014

As Reported

Non-GAAP Adjustments

Consolidated Non-GAAP

As Reported

Non-GAAP Adjustments

Consolidated Non-GAAP

Revenue

$ 183,693

$ –

$ 183,693

$ 198,149

$ –

$ 198,149

Salaries and related

93,746

(4,465)

a

89,281

101,999

(8,173)

a

93,826

Office and general

46,042

46,042

55,207

(6,349)

c

48,858

Marketing and promotion

33,161

33,161

41,413

41,413

Restructuring and other special charges

20,222

(20,222)

b

Total operating expenses

193,171

(24,687)

168,484

198,619

(14,522)

184,097

Operating (loss) income

(9,478)

24,687

15,209

(470)

14,522

14,052

Operating margin

(5.2%)

8.3%

(0.2%)

7.1%

Gain on partial sale of equity method investment

8,849

(8,849)

e

Gain on deconsolidation of subsidiaries, net

11,828

(11,828)

d

Interest and other, net

(3,107)

1,284

f

(1,823)

(1,323)

(1,323)

(Loss) income before income taxes and loss in equity interests

(3,736)

17,122

13,386

10,035

2,694

12,729

(Benefit from) provision for income taxes

(13,145)

17,831

g

4,686

6,663

(2,580)

h

4,083

Loss in equity interests, net

(220)

(220)

(133)

(133)

Net income

9,189

(709)

8,480

3,239

5,274

8,513

Net income attributable to noncontrolling interest

(1,019)

(1,019)

(1,174)

(1,174)

Net income attributable to Monster Worldwide, Inc.

$ 8,170

$ (709)

$ 7,461

$ 2,065

$ 5,274

$ 7,339

Diluted earnings per share attributable to Monster Worldwide, Inc.:

$ 0.09

$ (0.01)

$ 0.08

$ 0.02

$ 0.06

$ 0.08

Weighted average shares outstanding:

Diluted

91,474

91,474

94,416

94,416

Note Regarding Non-GAAP Adjustments:

The financial information included herein contains certain non-GAAP financial measures. This information is not intended to be used in place of the financial information prepared and presented in accordance with GAAP, nor is it intended to be considered in isolation. We believe that the above presentation of non-GAAP measures provide useful information to management and investors regarding certain core operating and business trends relating to our results of operations, exclusive of certain restructuring related and other special charges.

Non-GAAP adjustments consist of the following:

a

Costs related to stock based compensation.

b

Restructuring related charges pertaining to the cost reduction plan announced in February 2015.

c

Charges related to exited facilities primarily associated with the move to our new corporate headquarters in Weston, Massachusetts.

d

Gain on deconsolidation of subsidiaries, net

e

Gain on the sale of the majority of our interest in an equity method investment during Q1 2015.

f

Non-GAAP interest expense related to the debt discount and amortization of the deferred financing costs related to the convertible notes due December 2019.

g

Beginning Q1 2015, the non-GAAP income tax provision is calculated using a fixed long-term projected non-GAAP tax rate of 35% as applied to the non-GAAP pre-tax income. Please refer to the notes to the financial supplement for full explanation of non-GAAP measures.

h

Non-GAAP adjustment includes tax provision for gain on deconsolidation of subsidiaries, net during Q1 2014.

MONSTER WORLDWIDE, INC.

UNAUDITED NON-GAAP OPERATING SEGMENT INFORMATION

(in thousands)

Three Months Ended March 31, 2015

Careers –

North America

Careers –

International

Corporate

Expenses

Total

Revenue

$ 122,392

$ 61,301

$ 183,693

Operating income (loss) – GAAP

$ 13,338

$ (12,918)

$ (9,898)

$ (9,478)

Non-GAAP Adjustments

12,508

9,798

2,381

24,687

Operating income (loss) – Non-GAAP

$ 25,846

$ (3,120)

$ (7,517)

$ 15,209

EBITDA

$ 26,546

$ (7,840)

$ (7,686)

$ 11,020

Non-GAAP Adjustments

6,831

8,576

589

15,996

Adjusted EBITDA

$ 33,377

$ 736

$ (7,097)

$ 27,016

Operating margin – GAAP

10.9%

(21.1%)

(5.2%)

Operating margin – Non-GAAP

21.1%

(5.1%)

8.3%

EBITDA margin

21.7%

(12.8%)

6.0%

Adjusted EBITDA margin

27.3%

1.2%

14.7%

Three Months Ended March 31, 2014

Careers –

North America

Careers –

International

Corporate

Expenses

Total

Revenue

$ 127,545

$ 70,604

$ 198,149

Operating income (loss) – GAAP

$ 15,811

$ (5,289)

$ (10,992)

$ (470)

Non-GAAP Adjustments

6,112

2,159

6,251

14,522

Operating income (loss) – Non-GAAP

$ 21,923

$ (3,130)

$ (4,741)

$ 14,052

EBITDA

$ 25,934

$ 1,658

$ (7,370)

$ 20,222

Non-GAAP Adjustments

3,302

215

2,832

6,349

Adjusted EBITDA

$ 29,236

$ 1,873

$ (4,538)

$ 26,571

Operating margin – GAAP

12.4%

(7.5%)

(0.2%)

Operating margin – Non-GAAP

17.2%

(4.4%)

7.1%

EBITDA margin

20.3%

2.3%

10.2%

Adjusted EBITDA margin

22.9%

2.7%

13.4%

Logo – http://photos.prnewswire.com/prnh/20150113/168978LOGO

Source: Monster Worldwide, Inc.

Related stocks: NYSE:MWW

Written by asiafreshnews

May 8, 2015 at 10:47 am

Posted in Uncategorized

The Western Union Foundation Surpasses US$100M Charitable Global Giving Milestone

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-Since 2001, the Western Union Foundation has made over 3,000 grants supporting NGOs worldwide

ENGLEWOOD, Colo./PRNewswire/ — The Western Union Foundation today announced it has surpassed a major milestone, donating more than US$100 million in support to more than 2,700 non-governmental organizations (NGOs) to provide support to thousands of families and individuals in more than 135 countries and territories.

Western Union Foundation charitable giving since 2001
Western Union Foundation charitable giving since 2001

The Western Union Foundation works with a full spectrum of large global NGOs to small local non-profits and charities worldwide including UNICEF, Save the Children, Mercy Corps, Pratham and others.

From increasing global access to school and improving the quality of education to providing relief and rebuilding efforts for families and communities impacted by disasters worldwide, the Western Union Foundation has supported charitable organizations dedicated to providing a better future for individuals, families and communities throughout the world (video).

“Western Union is in the business of enhancing the lives of consumers by providing better ways to move money to their family, friends and business partners in more than 200 countries and territories,” said Hikmet Ersek, President and CEO, Western Union. “I am especially proud to celebrate this milestone of the Western Union Foundation with our Western Union Agents, employees and NGOs that have truly helped the Foundation create a better world.”

Patrick Gaston, President, the Western Union Foundation, added, “We are so proud to celebrate this milestone with organizations that have partnered with us through the years to ensure the Foundation’s contributions are improving the lives of countless individuals worldwide. This remarkable achievement says a great deal about not only the power of partnership with NGOs, small local non-profits, and charities around the world, but the tireless support from the more than 500 Western Union Agents and thousands of Western Union employees who gave their time and money to support our mission.”

In 2013 and 2014, more than 72 percent of all Western Union employees, or 7,580 employees across 53 countries, made a donation to the Western Union Foundation. In addition, the Foundation has partnered with hundreds of Western Union Agents and vendor partners to create a true collaborative partnership instrumental in reaching this milestone.

Education

Education plays a powerful role in changing people’s lives for better – translating into stronger, more resilient communities and economies worldwide.  These are the reasons why Western Union and the Western Union Foundation established Education for Better, a three-year commitment to education. Unveiled during the launch of the UN Education First initiative in September 2012, Education for Better leverages Western Union shared value products and services, cause marketing, advocacy, corporate and the Western Union Foundation strategic philanthropy, employee engagement, and communications to support secondary and vocational education programs around the world. To date, the Western Union Education for Better, has provided more than US$11.6 million to enhance education efforts for an estimated 500,000 students and teachers worldwide including:

  • Western Union Foundation Family Scholarship Program: Launched in 2008 in the US, the Western Union Foundation Family Scholarship Program has provided funding to members of migrant families to pursue educational opportunities with the goal of helping the entire family move up the economic ladder.  To date, more than US$550,000 in scholarships has been provided to 146 migrant families from 53 countries in the US.
  • Teach For All Global Partnership: Initially started in 2013, the Western Union Foundation has committed more than US$750,000 to support Teach For All and their mission to expand educational opportunity across the globe.  In addition, the Foundation has also committed an additional US$200,000 to support Teach For All Network members in Mexico, India, the United Kingdom, Austria, Argentina, and Australia.  The 36 organizations in Teach For All’s global network are currently fielding more than 16,000 teachers and reaching over one million students.

“Teach for All is proud to work with the Western Union Foundation to expand educational opportunity across the globe,” said Wendy Kopp, President and CEO, Teach for All.  “The Foundation has been a tremendous supporter of Teach For All’s efforts globally and also with our regional network through financial support, employment engagement, and volunteer activities.  We congratulate them on achieving such a momentous milestone.”

Disaster Relief & Emergency Situations

When a natural disaster strikes and emergencies happen, the Western Union Foundation works with numerous relief organizations to help individuals and families rebuild their lives.  To date, the Foundation has supported more than 140 disaster relief operations in 65 countries worldwide, including:

  • Nepal Earthquake Relief: The Western Union Foundation is committing US$200,000 to support the relief efforts through discretionary and matching grants in partnership with Western Union employees, Agents, and business customers.
  • Ebola Virus Outbreak Challenge: In December 2014, the Western Union Foundation issued a challenge to the business community and general public to support the relief efforts in West Africa by providing more thanUS$500,000 in matching funds to Save the Children and International Medical Corps.
  • Typhoon Haiyan relief and recovery: In 2013-2014, the Western Union Foundation cooperated with The Western Union Company, employees, and Agents to provide more than US$515,000 to support humanitarian relief and business recovery efforts in Filipino communities affected by Typhoon Haiyan.

“Save the Children’s need to respond to any disaster anywhere across the globe requires strong supporters and resources to ensure that we are supporting children and their families, immediately after the disaster strikes, straight through recovery,” said Carolyn Miles, President and CEO, Save the Children.  “Without the support of the Western Union Foundation, we would not have been able to make the greatest impact for children and families in need.  We congratulate the Foundation in reaching the $100M mark and look forward to collaborating with them in the future.”

About The Western Union Foundation

The Western Union Foundation is dedicated to creating a better world, where the ability to realize dreams through economic opportunity is not just a privilege for the few but a right for all.  Through its signature program, Education for Better, and with the support of The Western Union Company, its employees, Agents, and business partners, The Western Union Foundation works to realize this vision by supporting education and disaster relief efforts as pathways toward a better future.  Our combined social ventures efforts make life better for individuals, families and communities around the world.  Since its inception, The Western Union Foundation has paid more than$101.1million in grants and other giving.  These funds have been pledged to more than 2,739 nongovernmental organizations in more than 135 countries and territories. The Western Union Foundation is a separate section501(c)(3) recognized United States charity. To learn more, visit www.westernunionfoundation.org, or follow us on Twitter @TheWUFoundation.

Photo – http://photos.prnasia.com/prnh/20150506/8521502893

Source: Western Union Financial Services, Inc.

Written by asiafreshnews

May 8, 2015 at 10:29 am

Posted in Uncategorized