Communications

Advertising Communications Graphic Design Internet Marketing Media Publishing SEO
News Release Digital Asset Direct

CMMC Center of Excellence Announces Engagement Agreement with TechnoGen & TechnoGen Cybersecurity

Interoperability Clearinghouse

The Cybersecurity Maturity Model Certification Center of Excellence ( CMMC COE ), hosted by the Information Technology Acquisition Advisory Council (IT-AAC), a public-private partnership serving the public and private sectors for more than 15 years, is excited to announce a partnership with TechnoGen, Inc., an ISO 9001:2015, ISO 20000-1:2011, ISO 27001:2013 and CMMI Level 3 Global IT Services and Consulting Company headquartered in Chantilly, Virginia and Offshore Development Center in Hyderabad, India. This unique partnership will extend efforts to identify and include proven capabilities within the CMMC COE Marketplace to improve cybersecurity protection and resilience for the global defense industrial base network of contractors, vendors, and suppliers. In addition, the partnership with TechnoGen and TechnoGen Cybersecurity establishes a presence for the CMMC COE in India with a future plan for a Center of Excellence- India in collaboration with the CMMC COE APAC. With over 16 years of experience providing end to end IT Services and Solutions to the Public and Private sectors, TGI provides highly skilled and certiﬁed professionals committed to helping clients solve complex problems and achieve their goals, on time and under budget. “This is exciting opportunity for us”, said Mr. John Weiler, Chairman of the Board at CMMC Center of Excellence, “This new partnership will further help advance the goals and objectives for improving the supply chain security and resilience of the US Department of Defense (DoD)”. Mr. Lax Chepuri, CEO of TechnoGen, Inc. expressed confidence and delight in the newly formed relationship with the CMMC COE saying, “Both TechnoGen, Inc. and TechnoGen Cybersecurity and will bring enthusiastic support for the goals and standards of the CMMC COE in both the U.S. and India Defense sectors.” The executed Engagement Agreement establishes a collaborative engagement between TechnoGen and the CMMC COE to partner in the furthering of their respective and complementary missions and objectives regarding the adoption, use, and expansion of CMMC based cybersecurity practices, risk management, and compliance for the DIB contractor, vendor, and supplier community of providers creating a broader CMMC ecosystem globally to improve security and resilience. Specific actions will include: The co-development of CMMC advisory services, cyber training and education programs to accelerate CMMC certification, increase cyber adoption and improve cyber protection & resilience. Co-sponsor symposiums, training programs and podcasts leveraging their combined cyber and IT expertise. Host regular working groups, with other partners, to enable collaboration and communications. Establish an independent Industry Cyber Security Advisory Council with peer organizations to advise and educate leaders across government and industry on the continued evolution and effectiveness of CMMC. The CMMC-COE ( http://cmmc-coe.org ) and TechnoGen partnership will focus on bringing together the many disparate cyber and national security communities of interest to reduce complexity, improve awareness, and accelerate industry effort to become more cyber resilient against the growing threats from nation states and criminal enterprises. The CMMC-COE establishes both a Market Place and Knowledge Clearinghouse that will include resources that support the overall effort, including white papers; tutorials; recorded webcasts; presentations; and more that will help reduce the cost and burden on small and medium size contractors already struggling from the impact of COVID. For more information on the CMMC COE, please visit http://cmmc-coe.org, email info@cmmc-coe.org or call 703-863-3766 For more information on TechnoGen, please visit https://www.technogeninc.com/ About Us ---------- CMMC-COE.ORG is a unique non-profit public-private partnership, with a vision to accelerate Cybersecurity Maturity Model (CMM) adoption, and reduce time & cost for security compliance for our partners by leveraging commercial best practices, CMMC standards, and innovative solutions for a measurable success. Our mission, focused on DOD mission objectives, cost containment and expeditious CMMC compliance, is to help the DIB improve cyber posture and resilience, and simplify its acquisition. The CMMC-COE is hosted by the Information Technology Acquisition Advisory Council (IT-AAC), a public/private partnership (P3) chartered in 2007 as an honest broker to reach outside the confines of the Federal IT advisories that lack dynamic reach into the Global IT Market, and dedicated to the adoption of commercial IT management standards of practice and innovations emanating from the Global IT market. Team IT-AAC has already demonstrated the value of its decade long investment, and provides a unique value to agencies seeking to achieve accelerate the transformation of legacy processes and systems. Our Just-in-Time SMEs apply an innovative suite of Technology Business Management and Agile Acquisition Processes needed to assure the business value of commercial IT. The Interoperability Clearinghouse (ICH), is the managing partner that make up the 24 NGO/SDO organizations that make up the IT-AAC. ICH provides the contract vehicles, clearances, and critical resources proven to guide sustainable, measurable and repeatable processes needed to drive better investment decisions as the speed of mission need, while aligning existing processes, methods and workforce with IT reform mandates contained in Clinger Cohen Act, FITARA, IT MGT Act, EO13838. Contact Details Bob Dix +1 703-975-6633 bob.dix@it-aac.org Company Website https://cmmc-coe.org

March 22, 2021 08:00 AM Eastern Daylight Time

San Diego Zoo Global Evolves into San Diego Zoo Wildlife Alliance

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/VnevV89fD_c The San Diego Zoo and Safari Park allow visitors to experience their nonprofit conservation organization’s global effort to protect world’s plant and animal species. San Diego Zoo Global is evolving to embrace a new name and vision that more fully expresses the global impact the organization is striving for in support of animal and plant conservation. San Diego Zoo Global is now San Diego Zoo Wildlife Alliance (SDZWA), integrating wildlife health, conservation science, along with education, to protect and conserve wildlife worldwide for years to come. On March 3, Paul Baribault, President and CEO of San Diego Zoo Wildlife Alliance, and Nadine Lamberski, Chief Conservation and Wildlife Health Officer of San Diego Zoo Wildlife Alliance, partnered with D S Simon Media and YourUpdate TV on a nationwide media tour, to discuss how the new name and vison more accurately reflects the organization’s focus on wildlife conservation—and how today it is a driving force for the future, committed to changing outcomes for wildlife around the globe by building alliances to tackle wildlife’s largest challenges. San Diego Zoo Wildlife Alliance’s expertise in caring for wildlife is at the core of what makes the organization a unique player in conservation. The deep and extensive knowledge from more than a century of experience around wildlife care, health, veterinary services, nutrition, etc. makes the Alliance invaluable in the global effort to save species. Their science-based approach leverages the diverse skills of their teams and partners, showcasing the limitless potential of how, together, partners can change outcomes for wildlife in their native habitats. And it all starts with the wildlife the Alliance supports at home in San Diego. Unique to San Diego Zoo Wildlife Alliance are the two “front doors” of the organization, the San Diego Zoo and Safari Park. These parks are essential to fulfilling the mission of San Diego Zoo Wildlife Alliance, transferring the knowledge that team members garner on the ground in San Diego into meaningful and impactful conservation work around the globe. Over 5 million visitors annually walk through these two front doors, where they interact directly with some of the wildlife the organization is dedicated to saving. At the core of their commitment to the wildlife at the San Diego Zoo and Safari Park, the San Diego Zoo Wildlife Alliance is showing up as a strong partner and collaborator with a global network of nearly 200 leading and renowned conservation organizations, including Save the Elephants and Polar Bears International, and many others with a common goal of protecting the world’s wildlife where they live. About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

March 19, 2021 10:00 AM Eastern Daylight Time

Video

Tips on Making (and Sharing) Instagram-Worthy Smoothie Bowls

YourUpdateTV

If you scroll through Instagram, you’ll find over 2.6 million posts with the hashtag #smoothiebowl. There are entire accounts dedicated to this fresh food trend, because not only do they taste great – they look like a piece of art. From Instagram feeds to home kitchens, colorful smoothie bowls are becoming a breakfast staple in the U.S. Recently, Ninja’s first-ever Smoothie Bowl Sommelier, Gillean Barkyoumb, MS, RDN, participated in a nationwide satellite media tour to discuss this new breakfast trend and to provide some great tips and recipes. A video accompanying this announcement is available at: https://youtu.be/pUFS1i2uVG8 In comparison to a typical smoothie, smoothie bowls have a thick, spoonable texture. The base goes into a bowl and then the fun happens – you can artfully decorate your bowl with a variety of toppings. With the Ninja® Foodi® Smoothie Bowl Maker and Nutrient Extractor*, which is designed specifically with smoothie bowls in mind, even novice home chefs can create spoonable smoothie bowls right in their very own kitchens. The Ninja® Foodi® Smoothie Bowl Maker and Nutrient Extractor* with smartTORQUE™ technology is designed to power through heavy loads at high speed without stalling or the need to stir or shake, making the creation of a smoothie bowl quick and easy from the comfort of your own home. The 14-oz. Smoothie Bowl Maker with built-in tamper blends and powers through frozen foods with less liquid for perfectly thick smoothie bowls. This blender has 4 preset Auto-iQ® programs which allow for one-touch smoothies, extractions, bowls, and spreads. For more information, visit NinjaKitchen.com and follow @NinjaKitchen on Instagram. About Gillean Barkyoumb: In addition to her title as Ninja’s Smoothie Bowl Sommelier, Gillean Barkyoumb, MS, RDN, is a registered dietitian, speaker and writer from Phoenix, Arizona who is committed to making nutrition doable for everyone. Gillean’s food philosophy focuses on simplicity and convenience to build balanced meals, including thick, spoonable smoothie bowls. Gillean has contributed to publications such as Shape, Women’s Health, Well + Good, MyFitnessPal, and Daily Burn and frequently shares nutrition tips on various networks including ABC, NBC, and FOX. About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

March 18, 2021 12:15 PM Eastern Daylight Time

Video

Women Hosts Powering Airbnb During the Pandemic

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/kfkiWTMt2Cg The pandemic has forced thousands of women out of the workforce. In order to face the economic burdens that have fallen on their shoulders, many of them became new Airbnb Hosts. Airbnb estimates that 55% (2 million) of their 4 million Hosts globally are women. Since the start of the pandemic last March, new women hosts that have started hosting on Airbnb with only one listing have collectively earned $600 million. This lifeline isn’t limited to just Hosts who are sharing their homes. In a recent Airbnb survey, 35 percent of these women reported that they started their Online Experience to replace lost income from a full-time or part-time job. Stephanie Ruiz, Regional Communications Lead for Latin America at Airbnb partnered with YourUpdate TV on a nationwide media tour discussing the economic opportunities that home sharing creates for communities. Amidst the COVID-19 pandemic, the opportunity offered by hosting has become even more invaluable to women. With a record-setting departure of women from the workforce due to pandemic-related layoffs or new, urgent responsibilities at home, we are facing an unprecedented “she-cession”. That’s why it’s no surprise that Airbnb is seeing even more women turn to hosting on Airbnb in this moment. For women who are in need of new and more flexible ways to help support their families at this time, that is invaluable earning potential. If you are considering hosting, now is the time. Recent Airbnb consumer polling indicates there is pent-up demand for travel, and the type of meaningful travel enabled by Airbnb is the kind of travel people will continue to seek even after the pandemic ends. If you are looking to share your space or learn how to become a host yourself, check out Airbnb.com/host About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

March 18, 2021 10:00 AM Eastern Daylight Time

Video

Clearbanc and Pencil partner to help ecommerce businesses grow using creative AI

Stockwood Strategy

Creative AI company Pencil has partnered with the world’s largest e-commerce investor Clearbanc to provide their customers with the latest innovation in online video advertising, Machine Generated Creative (MGC). These ads can be created in minutes and consistently double return on ad spend for brands. It is anticipated that companies using the Pencil platform will be able to unlock new audiences on Facebook and Instagram and grow revenue faster. MGC online video ads are generated by artificial intelligence (AI), while learning what resonates with audiences, in order to systematically deliver better results for brands. Using historic ad performance data, Pencil is able to understand what in the ad is resonating with customers. It can then generate new batches of ad ideas which are new and distinct, but which share winning characteristics with past winners. In this way Pencil learns what works while continuously exploring new ideas that could resonate with audiences. Pencil analysed over 100 campaigns that used MGC video ads and found the best MGC ads delivered an average return on ad spend (ROAS) 2x that of other ads the brands were running. One brand’s MGC campaign delivered 7x higher ROAS. Will Hanschell, CEO and co-founder of Pencil commented: “This partnership with Clearbanc underlines the success we’ve had with our Machine Generated Creative ads for brands around the world. These ads are helping ecommerce brands and agencies grow, and I am confident we can help them scale further.” This partnership announcement comes hot o n the heels of Pencil joining as a creative partner in Facebook Marketing Partners, a program that connects businesses to an ecosystem of specialists. More than 200 million businesses worldwide use Facebook’s apps to connect with customers and grow, and over 10 million of them run advertising campaigns each month. Pencil customer James Harding, Head of Growth at Lyka Pet Food commented: "Pencil gives us the ability to generate ads quickly and more importantly, come up with ideas we might not have otherwise. It's been a massive win for us essentially." Pencil leverages proprietary technology to generate ad video, derive insights and make predictions, as well as integrating the OpenAI API to generate ad copy. The OpenAI API provides access to GPT-3, one of the world’s most powerful language models. Pencil is among the first companies approved to use it commercially. This approval requires strict criteria in AI safety and ethics. Daniel Rodic, Head of Market Development commented: “Clearbanc was created to help Founders grow their businesses by using our non-dilutive capital to invest in predictable and repeatable expenses like marketing spend. Pencil’s technology offers a simple solution for brands in our portfolio to improve their return on ad spend and ultimately maximize the effectiveness of the capital they deploy.” Clearbanc has deployed over US$1.6b to more than 4,000 ecommerce and SaaS businesses. EndS Notes to the editor About Pencil Pencil is a Creative AI company on a mission to generate unexpected ideas that get results. Pencil generates ads that learn to perform, delivering the return on ad spend that helps brands scale their businesses. Pencil invented Machine Generated Creative (MGC), a new way of making ads that algorithmically optimises for creative novelty, brand relevance and return on advertising spend. It always starts from a human brief and it always involves total human editorial control. Pencil’s MGC platform generates ads in minutes and has been shown to generate ads that double returns for brands. Pencil was founded in 2018 with a team from Google, Facebook and Uber and is backed by Sequoia Capital India, Wavemaker Partners, Singapore Innovate and Entrepreneur First. About Clearbanc Founded in 2015 by Michele Romanow (Canada’s Shark Tank), Andrew D’Souza, Ivan Gritsiniak, Charlie Feng, and Tanay Delima, Clearbanc is changing the way companies raise money by providing fast, affordable capital to online brands and B2B SaaS companies. Clearbanc’s data-driven algorithm has invested in 4,000+ companies across 50 states and backed 8x more female-founders than traditional VC. Clearbanc customers span small businesses across the United States, Canada, and the UK to some of the fastest-growing consumer brands today, like Le Tote, Leesa Sleep, Farmgirl Flowers, and Public Goods. For more information visit Clearbanc.com Contact Details Bilal Mahmood +44 7714 007257 press@trypencil.com Company Website https://www.trypencil.com/

March 17, 2021 12:00 PM Eastern Daylight Time

Image

News Direct And Media Outreach Form Distribution Partnership For Asia Pacific And America

News Direct

News Direct and Media OutReach - two newswires that are revolutionizing the news distribution industry with advances in technology, analytics, security and workflow - have entered into a reciprocal press release distribution arrangement covering the United States and Asia Pacific region. Media OutReach clients will benefit from News Direct's full-fledged access to The Associated Press distribution network in the US, which includes the nation's leading newspapers, magazines, radio and television stations, and online sites. Additionally, releases are posted to AP's popular app and apnews.com, the news agency's heavily trafficked consumer-facing site. News Direct's geographic distribution capabilities are supplemented by its robust industry-specific reach, allowing for highly relevant targeting. Trade sector and consumer-focused lists are refreshed with each use for maximum effectiveness. The partnership also allows Media OutReach clients to issue multimedia such as infographics, videos and images as independent assets in line with journalistic preferences. As a confirmation of ROI, clients receive a robust Performance Report that includes postings on major portals including Yahoo! Finance and MarketWatch. Media OutReach is the first global newswire founded in Asia Pacific and has a unique, in-depth understanding of the media landscape in the region. Its success has been driven by its technology-led distribution platform with an unrivaled Asia Pacific network, comprehensive database and precise editorial targeting capabilities which has proven to be highly-effective for PR professionals to reach out to journalists and editors - including influencers in their target media and countries. Through this partnership, News Direct clients can expand their reach and build direct connections with journalists in the region. Additionally, News Direct clients can leverage Media OutReach’s extensive media partnerships which guarantee online postings. As such, they will see their stories posted on leading news portals such as SINA, Viet Nam News and AsiaOne among others, further enhancing their exposure in Asia Pacific. News Direct clients will have access to the Media OutReach automated post release reports which provide qualitative and quantitative performance metrics. Importantly, this includes access to the proprietary Media and Journalist Insights dashboard, which provides insights such as the interaction between journalists and the press release including story open rates by publication, by country and eventual write ups. "News Direct aims to differentiate itself in many ways," noted founder and CEO Gregg Castano. " but above all we want to be known for the unrivaled quality of our distribution network. We are proud to partner with Media OutReach, which has earned its reputation as Asia's most innovative and dynamic distribution service." Jennifer Kok, founder and CEO of Media OutReach said, "This partnership enhances our USA distribution capabilities and customers can now distribute their news release and multimedia through its leading-edge delivery platform in America. Overall, this adds further strength to Media OutReach’s global distribution network, and we are pleased to be working with News Direct. The team at News Direct are industry veterans, many of whom are formerly from Business Wire and have built on their expertise to create an exceptionally strong distribution platform and service.” About News Direct News Direct provides news and content distribution for PR, IR, Corporate Communications and Marketing professionals. Our automated platform delivers a completely-reimagined, intuitive workflow, industry-leading security, transparent, flat-rate pricing and actionable analytics. Further, News Direct has deployed an array of innovation including advanced automation, isolation cloud technology and custom software for the most dynamic, efficient and flexible platform available today. To learn more visit newsdirect.com or follow us on LinkedIn, Twitter, Facebook, Instagram or YouTube. About Media OutReach Founded and headquartered in Hong Kong in 2009, Media OutReach is the first global newswire founded in Asia Pacific with offices in Singapore, Malaysia, Vietnam, Japan, China and Taiwan as well as international reseller partnerships in Canada, USA and Europe. Media OutReach is the only newswire that owns its distribution network across 24 countries across Asia Pacific; possessing a database of more than 130,000 journalists across at least 400 trade categories and 460 media partnerships, it is revolutionizing the industry by providing guaranteed online news postings, by language, for each distribution. With proprietary technology at its core, Media OutReach Newswire distributes multi-language and multimedia press release contents directly to the inbox of targeted editors and journalists to optimize news write up, build media relations and automates the reporting process with key performance metrics and its pioneering post-release reports gives insights into if journalists are actually accessing the release by publication and by country. Media OutReach Newswire is the go-to news release and content distribution partner for public relations, social marketing, digital agencies, and organizations in Asia Pacific. For more information on Media OutReach, please visit media-outreach.com. Contact Details News Direct Martha Pearlstone +1 203-295-7566 martha.pearlstone@newsdirect.com Media Outreach Ken Man +852 3594 6640 ken.man@media-outreach.com Company Website http://www.newsdirect.com

March 17, 2021 08:07 AM Eastern Daylight Time

TeamSnap Announces New Technology Partnership with NFL FLAG

TeamSnap

TeamSnap, the industry-leading sports management platform provider for youth sports, today announced a new technology partnership with NFL FLAG, the official flag football league of the National Football League (NFL) and the largest youth flag football organization in the United States. With a multi-year agreement, TeamSnap Tournaments will serve as the official tournament app of NFL FLAG. NFL FLAG organizes and operates 12 marquee tournaments in partnership with NFL clubs and eight expanded tournaments, NFL FLAG Opens, each year. This includes the NFL FLAG Bowl and NFL FLAG Championships at Pro Bowl which attract hundreds of teams from across the country. NFL FLAG is operated by Reigning Champs Experiences (RCX). TeamSnap is a long-time partner of Next College Student Athlete (NCSA), sister company to RCX. Both businesses are owned by Reigning Champs. “As the NFL FLAG Tournament Series continues to expand, we need the best technology partners to support our growing event infrastructure,” said Garland Cooper, Vice President of Event Operations for Reigning Champs Experiences (RCX). “TeamSnap’s customizable platform allows us the flexibility to create exactly what we need to help NFL FLAG provide a world class flag football experience.” “NFL FLAG is a fun and accessible way to get kids across the country involved in football. TeamSnap is thrilled to provide a comprehensive management solution to support NFL FLAG’s tournaments and scheduling needs,” said Dave DuPont, TeamSnap co-founder and CEO. “Reigning Champs has been a leader in the youth sports industry. We look forward to expanding our relationship by working with RCX and supporting the iconic NFL FLAG brand.” NFL FLAG is a NFL-licensed property of more than 1,600 leagues and 500,000 youth athletes across 50 states. TeamSnap supports more than 24 million users, 3 million unique teams and 19,000 clubs across 100 different sports. ABOUT TEAMSNAP Since its formation in 2009, TeamSnap has been single-mindedly focused on taking the work out of play. 24 million coaches, administrators, players and parents rely on TeamSnap’s powerful and easy-to-use tools for communication, scheduling, payment collection and registration, organizing every sport and group activity in the world. For more information, visit https://www.teamsnap.com/. About NFL FLAG NFL FLAG is an NFL-licensed property of more than 1,600 locally operated leagues and over 500,000 youth athletes across all 50 states. NFL FLAG is a fun and accessible non-contact program available for girls and boys ages 5-17. Players benefit by being physically active through non-contact, continuous action while learning the fundamentals of football as well as lessons in teamwork and sportsmanship. Reigning Champs Experiences (RCX) is the official operator of NFL FLAG. About Reigning Champs Experiences Reigning Champs Experiences (RCX) is the premier youth-sports experiences business, running and operating leagues, camps, combines, tournaments and events. Part of Reigning Champs LLC, RCX works with professional leagues, national governing bodies, sports-centric businesses and brands to reimagine youth sports experiences. RCX produces events with world-class partners including the NFL, Jr. NBA, NAIA, Rivals.com and the 2022 World Games. RCX is committed to improving the accessibility and inclusivity of sports by enhancing the youth sports experience and creating opportunities for all athletes to play. We believe sports have the power to transform lives and that every athlete should have the opportunity to experience the value of sports. For more information, visit www.rcxexperiences.com. Contact Details TeamSnap Greg McIsaac +1 416-458-3591 greg.mcisaac@teamsnap.com Reigning Champs Experiences (RCX) Lauren Pulte 248-885-2607 lpulte@reigningchamps.com Company Website https://www.teamsnap.com/

March 16, 2021 12:00 PM Eastern Daylight Time

News Release

Location-Based Services Innovator GeoSolutions Alleges RICO Violations and Unfair Competition by Weibo Corporation, Sina Corporation, and Others

GeoSolutions

This is a statement issued by GeoSolutions: "Chinese media conglomerate Sina Corporation (NASDAQ: SINA) and its subsidiary Weibo Corporation (NASDAQ: WB) used their unusually complex corporate structure to steal technology to enhance and monetize their leading “Weibo” social network—a Chinese-based hybrid of Twitter and Facebook. This is according to a new lawsuit filed on March 15, 2021 in a California court. The scheme enabled the Chinese companies to avoid paying rightful revenues to the creators of the software, GeoSolutions B.V. and GeoSolutions Holdings N.V. ( GeoSolutions ), the companies who filed the lawsuit in the Superior Court of the State of California in Santa Clara County. GeoSolutions’ location-based services (LBS) technology is the driving force behind Weibo’s nearly $12 billion market cap. The lawsuit alleges that Sina Corporation (Sina), Weibo Corporation (Weibo), and at least 10 other related entities and two individuals at the top of the organization, carried out an elaborate scheme over several years to pilfer the technology and know-how of GeoSolutions, particularly its effective integration of LBS into social networking. This was done through a series of misrepresentations using subsidiaries and Variable Interest Entities (VIEs) to conceal Sina’s agenda and play a corporate shell game to hide the generated revenue. “As numerous market observers and scholars have maintained, Sina’s complex corporate structure is neither honest nor transparent,” said Adam Fox, lead counsel for GeoSolutions. “Its peculiar corporate structure circumvents the law and hides the truth by design.” Central to the claims in the case is the fact that GeoSolutions entered into a series of agreements with various members of the larger Sina group of companies to allow access to GeoSolutions’ LBS technology and the know-how of its effective use in social networking. Sina then deployed this software on its Weibo platform without paying any remuneration. GeoSolutions has never been paid any compensation from Weibo and alleges that various other Sina companies are also using the LBS technology and claiming it as their own. LBS technology has become essential to most mobile device users. It powers user queries for restaurants or other businesses “near me,” enables “check ins” at a location, tracks packages ordered online, locates your ride-share driver, and much more. This makes it valuable to many companies who want to advertise or offer additional services to consumers. In a prospectus for investors ahead of the Weibo initial public offering (IPO) in April 2014, Sina credited the LBS platform as a substantial means to generate revenue from its Weibo app. Sina now claims it created the platform when in fact it is really GeoSolutions’ technology. Weibo’s market value has grown dramatically since its joint venture with GeoSolutions. At the time of its IPO, Weibo was valued at $3.6 billion. Today its market cap is nearly $12 billion. However, GeoSolutions has never received any compensation from Weibo. “Our experience and engineering know-how allowed us to identify the early market opportunity in mobile location and to invest in developing the GeoSolutions LBS platform. We had a growing client base, operational experience, and the ability to utilize our GyPSii subsidiary. We were extremely well positioned. It made sense that Sina and Weibo saw us as a target," said Jay Cahill, co-founder and general partner at Bluefin Technology Partners and former Vice President of Operations for GeoSolutions. “In the end, deception by Sina and Weibo and the harm it did to GyPSii, GeoSolutions, and our team was devastating. We lost jobs and severances. To see something into which so many of us put years of effort, know-how, and our hearts be so diminished is deeply saddening.” The “sham” corporate structure GeoSolutions alleges in the complaint reflects a series of Chinese VIEs. This case is the first time a United States court has been asked to rule on the legality of this structure, which numerous legal and financial commentators say is used to evade Chinese law that prevents foreign ownership of domestic businesses in certain industries. Some of these commentators also say the VIE structure overstates company assets and exposes investors to underappreciated risks. GeoSolutions claims that Sina used its network of VIEs to steal its technology and hide revenue from GeoSolutions. “Sina used a series of shell companies to hide GeoSolutions’ technology and keep the company from knowing how widely its software was being shared – and monetized – across the labyrinth of Sina entities,” added Fox. “GeoSolutions entered the agreements in good faith. Now the company has lost its intellectual property and its expected stream of income. Most of its employees had to be laid off due to Sina’s greed.” Sina Corporation reports ownership of more than 20 “significant subsidiaries and VIEs,” including Palo Alto-based SINA.COM Online, one of the other defendants. In its own 2019 annual report, Sina admits that its use of VIEs is intended to circumvent Chinese law while exercising (in theory) operational control over the business. In the same report, Sina states that it “cannot be sure that the PRC government would view our contractual arrangements to be in compliance with PRC licensing, registration, or other regulatory requirements.” It is this questionable, and some commentators argue illegal, corporate structure that allowed Sina and Weibo to misrepresent their intentions to GeoSolutions. Impartial third-party experts agree that GeoSolutions’ LBS technology was stolen. In December 2019, a distinguished international arbitration tribunal unanimously ruled in favor of GeoSolutions. Among other things, the award held that Sina Hong Kong Limited, one of many subsidiaries of Sina and also a defendant in this new lawsuit, facilitated the unlawful use of GeoSolutions’ technology. Sina Hong Kong was ordered to pay GeoSolutions damages of more than $115 million, plus interest. The award was limited to damages incurred by GeoSolutions from August 11, 2014 through August 10, 2017, the time period defined in the terms of a 2014 software license agreement. More than a year later, Sina Hong Kong has still not paid the award. This is despite the fact that Sina publicly announced shortly after the ruling that it had set the money aside. The tribunal’s ruling also concluded that “evidence shows that other Sina entities made use of the Licensed Software, had possession of servers on which the software was based, and controlled usage data.” These facts had been hidden from GeoSolutions until December 2018 when they were revealed in testimony compelled from Sina witnesses during the arbitration. The complaint filed by GeoSolutions on March 15 lists six causes of action against Weibo and Sina: 1) Declaratory Relief, 2) Violation of Racketeer Influenced and Corrupt Organizations Act (18 U.S.C. §§ 1961, et seq.); 3) Violation of the Defend Trade Secrets Act (18 U.S.C. § 1836 et seq.); 4) Intentional Misrepresentation; 5) Negligent Misrepresentation; and 6) Unfair Competition (Cal. Bus. & Prof. Code §§ 17200, et seq.). The other entities named as defendants in the suit are part of the web of VIE entities and include SINA.COM Online, Weibo R&D Limited, New Wave MMXV Ltd., Sina Hong Kong Limited, GyPSii (Shanghai) Co., Ltd., Beijing Sina Internet Information Service Company Ltd., Beijing New Media Technology Information Company, Beijing Weimeng Technology Co., Ltd., Sina (Beijing) Information Technology Co. Ltd., SINA.COM Technology (China) Co., Ltd., and individuals Cao Guowei (aka Chao Guowei aka Charles Chao) and Wang Gaofei, respectively the CEOs of Sina Corporation and Weibo Corporation. Among the relief GeoSolutions is seeking are damages for all injuries suffered as a result of the defendants’ conduct, treble damages pursuant to RICO claims, disgorgement of wrongfully obtained profits, and injunctive relief prohibiting the defendants from engaging in the conduct described herein." To view the full complaint, visit www.GeoSolutionsTech.com. About GeoSolutions GeoSolutions Holdings N.V. and its subsidiary GeoSolutions B.V. (GeoSolutions) are the creators of location-based services (LBS) and social networking services (SNS) software, primarily for use on cell phones, laptops, notebooks, and other portable devices. LBS technology allows device users to search for and identify their contacts by location in real time. This functionality pioneered a significant, new functionality to SNS and created a way to monetize social media that is used extensively today across the world’s most popular platforms. For more information, go to www.GeoSolutionsTech.com. Contact Details GeoSolutions Melissa Arnoff kglobal for GeoSolutions +1 301-785-3329 GeoSolutions@kglobal.com Company Website https://geosolutionstech.com/

March 16, 2021 09:40 AM Eastern Daylight Time

SMALL BUSINESSES IN WASHINGTON HIT BY ECONOMIC CHALLENGES CAN NOW APPLY FOR RELIEF GRANTS FROM GSBA AND COMCAST

Comcast West Division

GSBA – Washington’s LGBTQ and allied chamber of commerce – and Comcast Washington are now accepting applications from small businesses throughout the state seeking financial assistance. Eligible BIPOC, LGBTQ, and women-owned small businesses may apply starting today, March 15 through Friday, April 9, 2021 at theGSBA.org/ready-for-business. Selected businesses will receive $2,500 grants from the Ready for Business Fund formed by GSBA and Comcast. The Ready for Business Fund has expanded to support small businesses statewide this year with a $50,000 investment from Comcast and GSBA continuing its role as the fund and program manager. The statewide expansion will also focus on providing support for qualifying small businesses located in rural areas of Washington who have been particularly impacted by the pandemic and lack of proximity to resources. The grant application is short and easy to complete. Submissions will be reviewed by a committee of volunteers from around the state representing diverse backgrounds and skill sets. All grant recipients will receive wrap-around services from GSBA that include membership and business consulting. All grant applicants will be notified the week of April 26. Grants from the fund are made possible by securing contributions from companies and individuals. In addition to contributions from Comcast, GSBA has received $61,000 in contributions from BECU, T-Mobile, Symetra, Microsoft, and Harborstone Credit Union and others. The Ready for Business Fund was originally established in the summer of 2020 with a $100,000 investment from Comcast and GSBA as the fund and program manager. The fund distributed $2,500 cash grants to more than 60 BIPOC, LGBTQ, and women-owned small businesses in the Seattle metro area last year. Within a month of the Ready for Business Fund application being open last summer, GSBA received nearly 500 applications from local businesses. Business owners who applied to the Ready for Business Fund last year reported a devastating impact from the economic downturn, including up to 85 percent annual revenue loss, laying-off employees, and significant loss of business. When asked how the grant money would support their businesses, the most common responses included necessities such as paying for rent, bills, payroll, and groceries. The GSBA survey information from previous applicants underscores the economic challenges of 2020 and how the small business community in Washington continues to struggle. About GSBA Established in 1981, GSBA is Washington State's LGBTQ and allied chamber of commerce and is the largest of its kind in North America. The chamber represents over 1,400 small business, corporate, and nonprofit members who share the values of promoting diversity, equity, equality, and inclusion in the workplace. GSBA proudly serves as a connector across the region, bringing communities together through business while advocating for civil rights and small business. GSBA also promotes LGBTQ tourism through Travel Out Seattle, advocates for small businesses in Seattle’s Capitol Hill Neighborhood through the Capitol Hill Business Alliance (CHBA) and invests in the next generation of LGBTQ and allied leaders through the GSBA Scholarship & Education Fund. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Comcast Cable is one of the United States’ largest video, high-speed internet, and phone providers to residential customers under the Xfinity brand, and also provides these services to businesses. It also provides wireless and security and automation services to residential customers under the Xfinity brand. NBCUniversal is global and operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures, and Universal Parks and Resorts. Sky is one of Europe's leading media and entertainment companies, connecting customers to a broad range of video content through its pay television services. It also provides communications services, including residential high-speed internet, phone, and wireless services. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. Visit www.comcastcorporation.com for more information. Contact Details Comcast Andy Colley +1 425-248-5438 Andy_Colley@Comcast.com Company Website https://washington.comcast.com/

March 15, 2021 09:05 AM Pacific Daylight Time

1 ... 316 317 318 319 320 ... 349