Digital Asset DirectAdobe's New Acrobat AI Assistant
News Media Group, Inc.
Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/
April 18, 2024 07:00 AM Eastern Daylight Time
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Digital Asset Direct
News ReleaseARway.ai announces prestigious George Mason University sign up for company platform
ARway.ai
ARway.ai Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to unveil an exciting development: George Mason University (GMU) has partnered with ARway.ai and is set to integrate the ARway platform into its campus infrastructure. As part of a visionary project slated for 2024, GMU will deploy ten spatial maps across its sprawling campus, revolutionizing campus navigation and enhancing the overall student experience. In his discussion with Proactive, Gappelberg highlighted the significance of this partnership, noting GMU's substantial undergraduate enrollment of approximately 27,014 students and the expansive campus spanning 817 acres. The scheduled deployment of ARway is poised to commence in early summer, affording the university ample time to rigorously test the platform's capabilities and gauge its efficacy before potentially implementing a full campus rollout in 2025. The ambitious plans for 2024 include an expansion of the augmented reality tour, empowering students to seamlessly locate and navigate to various offices and buildings across the campus. By leveraging ARway's innovative technology, GMU aims to enhance the accessibility of campus resources and elevate the overall student experience to unprecedented levels. Moreover, GMU has already taken proactive steps to share its pioneering experiences with ARway, having submitted several conference proposals to disseminate findings on this groundbreaking technology. Additionally, dedicated time has been allocated for further research and development efforts over the summer, underscoring GMU's commitment to harnessing cutting-edge tools to enrich the educational journey of its students. The enthusiasm at GMU for exploring the interactive capabilities of ARway is palpable. Preliminary beta testing has instilled confidence in the platform's potential to foster engagement and promote self-efficacy, both of which are integral to the long-term success of the college experience. As GMU embarks on this transformative journey with ARway.ai, the possibilities for innovation and advancement in campus navigation and student engagement are boundless. Stay tuned for more updates as GMU pioneers the integration of augmented reality into its campus ecosystem, setting new standards for educational technology and student empowerment. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com
April 17, 2024 12:52 PM Eastern Daylight Time
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News ReleaseLana Del Rey makes Coachella Grand Entrance on Ryvid Anthem Electric Motorcycle
Ryvid, Inc
The arrival of Lana Del Rey by motorcycle at her recent Coachella performance went viral over the weekend. However, there’s more to the story than meets the eye… Once the artist and her production team decided to create a dramatic entrance by arriving on the back of a motorcycle, they had to navigate a number of obstacles. For starters, the Fire Marshal wouldn’t allow conventional combustion engines to be used on safety grounds. They also stipulated the bikes couldn’t be ridden at more than 5mph. In fact, they needed assurances that the motorcycles couldn’t exceed that speed! Considering the stipulations, the production team quickly turned to the California-built Ryvid Anthem Electric Motorcycle. Firstly, its 4.3 kWh Battery Pack would ensure the performers and audience didn’t succumb to exhaust fumes. Secondly, Ryvid engineers were able to limit the Anthem to exactly 5mph through its electronic controller – reduced from the 75mph+ available for unrestricted use. And thirdly, the lightweight 313 lb Anthem – with its high-performance brakes, suspension and tires – allowed the riders to control the bikes with their standing passengers. And the Anthem’s low center of gravity made balancing with the passenger far easier than almost any other motorcycle, electric or otherwise. Undoubtedly, the Ryvid Anthem was the perfect bike for Lana and her production team. Priced at only $8,995 and available in six eye-catching colors, it’s also perfect for commuting and urban exploration. Equipped with an integrated charger, 75-mile range, two riding modes, modern styling, and much more, the Anthem is available for delivery now. For more information on the Ryvid Anthem and the soon-to-be-announced second Ryvid model, visit ryvid.com. Please note, a motorcycle license is required to ride the Anthem. ABOUT RYVID Ryvid is a cutting-edge manufacturing corporation in the high-growth field of Electric Light Vehicles. Founded by enthusiasts, engineered by innovators, and designed by aerospace industry gearheads, Ryvid’s mission is to create more sustainable and enjoyable personal mobility. The company name was derived by the merging of Rhythm and Avid; elements of motion and emotion that define the experience of using our products. With its first product – the Anthem – Ryvid produced a revolutionary, lightweight, affordable electric motorcycle with a significantly lower carbon footprint than its competitors. With the same innovation to be applied to upcoming models and variants, Ryvid is poised to revolutionize urban commuting. Ryvid products are designed and assembled in the United States. For further information, please visit ryvid.com The Ryvid Anthem is now available to reserve for delivery at $8,995 EDITOR’S NOTE A video of Lana Del Rey's arrival is available here: dropbox.com/scl/fi/dx87ujmgsut0zowjtzhfw/IMG_1843.mov?rlkey=khd53zce2d2euegomv08dtl5n&dl=0 Additional images are available here: dropbox.com/scl/fo/saflfj5am45fcsr581yqr/AGjCfQKvFpwbAQOUy_RAVgA?rlkey=bi8ogyysctrudcckxdslgvif6&dl=0 Editorial staff wishing to ride the Ryvid Anthem should please use the Media Contact below. Images and information on the Ryvid Anthem are available here. Anthem specifications are available here: ryvid.com/anthem/specs. A Ryvid Anthem video is available to view and share here: youtu.be/mAnhMf2A3J4 Contact Details Greg Emmerson greg@theidagency.com Company Website https://ryvid.com/
April 17, 2024 09:05 AM Pacific Daylight Time
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News ReleaseAnalysts Forecast Impending Rise for ADA and SOL, KangaMoon To Reach New Milestone Soon
Kangamoon
Crypto analysts have projected significant gains for Cardano (ADA) and Solana (SOL) expected soon. KangaMoon (KANG), on the other hand, is on a better trajectory rising above 290% in just a few weeks. It aims for a $5M presale, having reached the $4.6M milestone in stage five of its presale. Despite the crypto market's turbulent state, Solana has managed to demonstrate its resilience, maintaining its stance while hovering around the $187 and $169 mark within the past week. Similar to Solana, Cardano continues to witness an amazing year with a surge of around 45%. Meanwhile, just in its fifth presale, KangaMoon continues to exceed expectations, having rewarded its early investors with huge returns. Cardano (ADA) Price Demonstrates Resilience Being among the top crypto within the cryptocurrency market, Cardano continues to prove its unique resilience despite the high volatility within the crypto market. This milestone seems to have tickled the interest of different investors, with each one wishing to grab a piece of the Cardano pie. Over the past year, Cardano has risen by 48% to outshine its previous price of just $0.39. According to CoinMarketCap, Cardano is currently trading within a weekly price range of around $0.56 and $0.66. Analysts have also indicated that the price prediction of Cardano will rise to the $1 mark soon. Solana (SOL) Price Set to Surge According to Analysts With different Solana-based meme coins recording outstanding results, the price prediction of Solana, according to analysts, is set to surge greatly. With a current weekly price range of just $184 and $168, according to CoinMarketCap, Solana has managed to record a 18% surge within the last month. Moreover, this recent rally in Solana price seems to be paving the way for an influx of investors wishing to enjoy better returns. Additionally, the rise of meme coins, including Dogwifhat and Bonk, has played a crucial role in the rallying momentum of Solana—something that is set to continue throughout the year as the adoption of meme tokens becomes rampant. KangaMoon Oversees a Growing Interest Ever since the start of KangaMoon’s presale phase, this meme coin has been making huge waves within the meme coin market. Just at its stage five presale, KangaMoon continues to exceed the expectations of many investors, having raised over $4.6M. Currently, KANG is set to reach its target of $5M by the end of April. While this unique meme coin continues to record an upward trajectory, crypto enthusiasts across the globe seem excited about its forthcoming launch backed with innovative features within the meme coin ecosystem. By combining both GameFi and SocialFi elements, KangaMoon is set to create “Kangaverse,” a fun-filled platform where users and traders alike will enjoy different games while earning different rewards. With a P2E function, KangaMoon will allow users to earn KANG tokens by simply taking part in various contests. With its SocialFi capabilities, users can also earn KANG rewards outside the Kangaverse by promoting the project on social media. While the platform offers many amazing features, its token price has surged from its initial price of just $0.005 to $0.0196, meaning early buyers are currently enjoying a 290% return on investment. This outstanding achievement is a pure representation of KangaMoon’s commitment to empowering its investors financially. This is visible through its over 20,000 registered members and over 6,000 token holders in its ecosystem. Analysts predict that KangaMoon will certainly rank among the best meme coins of 2024. Will KangaMoon Continue With its Outstanding Growth? KangaMoon will certainly continue to record new heights. With the meme coin market being the new norm, investors are currently looking for new germs that have what it takes to take them to the next level. While other crypto like Cardano and Solana hold their potential, KangaMoon is set to fight for a seat among the best meme coins of 2024. Discover the exciting opportunities for the KangaMoon (KANG) Presale today! Website: https://Kangamoon.com/ Join Our KangaMoon Community: https://t.me/Kangamoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Disclaimer: The following disclaimer is important to read and understand before engaging with Kangamoon, a play-to-earn meme coin. By accessing or participating in any activities related to Kangamoon, you acknowledge and accept the terms outlined below: 1 No Financial Advice: This whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions. 2 Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results. 3 Regulatory Compliance: The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Kangamoon. 4 Uncertain Market: The market for meme coins and play-to-earn platforms is highly speculative and subject to rapid changes. There is no guarantee of market demand, liquidity, or utility for Kangamoon tokens. Token values may fluctuate drastically and may not reflect the intrinsic value of the project. By continuing to engage with Kangamoon, you acknowledge and accept the risks and limitations outlined in this disclaimer. You should only participate if you fully understand and are willing to assume these risks. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/
April 14, 2024 09:10 AM Central Daylight Time
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News ReleaseAnalyst Namtoshi Predicts $15 for Dogecoin, KangaMoon Nears $5M Amidst Shiba Inu Decline
Kangamoon
The Dogecoin (DOGE) community is abuzz with excitement as crypto analyst Namtoshi predicts a potential surge to $15 for the legacy meme coin by 2024, mirroring its explosive rise in 2021. Meanwhile, Shiba Inu (SHIB) grapples with a 1,344% increase in token burn rate, sparking investor speculation about future price movements. In another development, KangaMoon (KANG) is attracting investors’ interest having crossed the $4.5 million presale funding milestone, alongside plans to integrate both SocialFi and GameFi into its unified ecosystement. Dogecoin (DOGE) On the Rise Again? Namtoshi Predicts Potential Surge in 2024 Dogecoin (DOGE) is rocketing back in popularity with crypto analyst Namtoshi putting out bullish projections for 2024. As the price of Dogecoin climbed from $0.01 to $0.76 in 2021, Namtoshi’s analysis suggests that a similar pattern probably would bring an incredible boom. In his words, “ If this cycle acted the same, it would go from $0.20 to a whopping $15.20.” Meanwhile, Dogecoin's growing mainstream appeal and active community could be its driving force for unprecedented adoption levels, propelling DOGE price to new heights. Notwithstanding the volatility in the crypto market, the thrilling opportunity to make life-changing profits tend to draw investors' attention towards Dogecoin again. Shiba Inu (SHIB) Burn Rate Skyrockets, Investors Eye Price Movement Shiba Inu (SHIB) has just witnessed a jump in token burning activity with the burn rate rising to a spectacular 1,344%. This progression unfolds at a crucial time because the community is closely monitoring the price of SHIB which had been moving in unison with the overall market before stabilizing recently. Despite the coin not doing well over the past month and recording a 20% decline and a modest 2% surge over the past week, analysts remain highly optimistic. Their bullish sentiment is based on the notion that the resistance level of $0.000031 is likely to gain strength, propelling a rise in the price sparked by the strong buying pressure observed in the past. KangaMoon (KANG) Achieves Impressive $4.5 Million Presale Milestone Unlike Dogecoin and Shiba Inu which are currently navigating market volatility, KangaMoon (KANG) is attracting investors with its outstanding presale results. To elaborate, the value of KangaMoon has gone up by 290% from an initial offering price of $0.005 to $0.0196 in the stage five of the ongoing presale campaign. In addition, it has raised well above $4.5 million and expects to hit the $6 million funding milestone by the end of April. As a blockchain gaming network, KangaMoon plans to integrate both SocialFi, and GameFi’s P2E - play-to-earn element together leveraging a community-driven approach. In this unified ecosystem dubbed “Kangaverse”, Players can customize and own KangaMoon avatars, participate in battle contests, or speculative bettings. By engaging in any of these, they get rewarded with KANG tokens or other high-value in-game collectibles for their winnings which can be traded in the dedicated marketplace later. To further bolster trust and a community-driven platform, the active members of the community will be eligible to receive free KANG tokens before the project’s official launch. Particularly, users who sign up, and engage KangaMoon’s social media posts will be awarded free KANG coins. Meanwhile, the global Play-to-Earn NFT Games Market is projected to expand at a rapid CAGR of 21.3% between 2022 and 2028, from over $15 billion. This not only captures what value this market could bring to KangaMoon and its investors, it further solidifies the project’s position among the best new cryptocurrency in the market. As such, analysts speculate that the KANG token will become so huge that it may hit $0.5 immediately after the upcoming listing. Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! Website: https://KangaMoon.com/ Join Our Telegram Community: https://t.me/KangaMoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Disclaimer: The following disclaimer is important to read and understand before engaging with Kangamoon, a play-to-earn meme coin. By accessing or participating in any activities related to Kangamoon, you acknowledge and accept the terms outlined below: 1 No Financial Advice: This whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions. 2 Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results. 3 Regulatory Compliance: The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Kangamoon. 4 Uncertain Market: The market for meme coins and play-to-earn platforms is highly speculative and subject to rapid changes. There is no guarantee of market demand, liquidity, or utility for Kangamoon tokens. Token values may fluctuate drastically and may not reflect the intrinsic value of the project. By continuing to engage with Kangamoon, you acknowledge and accept the risks and limitations outlined in this disclaimer. You should only participate if you fully understand and are willing to assume these risks. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/
April 13, 2024 08:00 AM Central Daylight Time
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News ReleaseAli Martinez Has a Shocking Bitcoin Prediction As KangaMoon and Pepe Become the Talk of the Meme Coin Market
Kangamoon
The crypto market is an avenue where investors' fortunes change positively and negatively depending on the tide of the crypto market. Ali Martinez, a crypto expert, believes Bitcoin will continue its bullish rally and hit $85,000 soon. Meanwhile, KangaMoon and Pepe have been making waves in the crypto market, with KangaMoon tipped to outperform other memecoins in the market. Having given early investors substantial returns, the KANG token has been picked as one of the best new meme coins in the market. KangaMoon (KANG) Early Investors Make 290% ROI, as New Buyers Will Get 10% Bonus While Bitcoin and Pepe's prices continue to soar, KangaMoon remains one of the best new meme coins on investor's watch list. As a play 2 earn platform, every challenge on KangaMoon is a chance to win and every victory translates to real-world values and returns. Users can also earn more returns when they participate in community activities such as commenting and sharing posts aimed at promoting the project online. While the presale started slowly, it has now peaked. The KANG price, which started at a floor price of $0.0050 in stage 1, is now sold for $0.0196 in stage 5, with early investors getting a 290% ROI. New buyers will get a 10% deposit bonus when they buy the token now. Meanwhile, KangaMoon has raised over $4.5M in the presale and could raise $6M before the end of April. Moreover, KangaMoon has over 6000 token holders and 20k registered community members which makes the project the hottest meme coin for 2024. The team has also announced plans to list the token in a major tier 1 CEX exchange in Q2. As such, a surge to $0.5 is possible for KANG in Q2. Based on the success of the presale, KangaMoon is tipped to outshine popular meme coins like Shiba Inu, Bonk, and Dogecoin in 2024. With analysts projecting 100x rallies in the coming months, now is the best time to buy the top meme coin and position yourself for massive future profits. Ali Martinez Makes a Shocking Bitcoin (BTC) Prediction Ali Martinez, one of the top crypto analysts, has made a shocking Bitcoin price prediction. According to the expert's analysis, Bitcoin appears to be breaking out. The analysts went further to forecast that if Bitcoin can hold above $70,800, the next target becomes $85,000. Meanwhile, the Bitcoin price has established support at the $70,000 mark while setting eyes on breaking its ATH record of $73,750. The Bitcoin price has increased by 5% in the past week and could be set for more rallies with the halving a few days away. The Bitcoin trading volume and market cap are also in the uptrend and could trigger more rallies in the coming days. Pepe (PEPE) Heading to the Moon As Meme Coin Market Witness More Adoption The meme market frenzy is not over yet, as more investors continue to accumulate the meme token. While Dogecoin saw a massive accumulation of tokens to the tone of 200M a few days ago, Pepe is also witnessing more buyer activity. The Pepe trading volume has increased by a day-to-day average of 40% in the past few days. The Pepe market cap has surpassed $3.2B. While the top meme coin battled the bear market in the past week, it is heading to the bull market with a 5% gain in the past few days. With the bull market in sight, Pepe's price could hit $0.000010 in April. Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! Website: https://KangaMoon.com/ Join Our Telegram Community: https://t.me/KangaMoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/
April 13, 2024 02:34 AM Central Daylight Time
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News ReleaseComtex Launches Omnia: A Cutting-Edge News API Platform leveraging NLP and AI
Comtex
Comtex News Network, Inc (Comtex), a leading provider of news aggregation and distribution services to top firms in financial services, news publishing, syndication, and analytics, proudly announces the launch of its innovative API platform, Omnia. Omnia is a state-of-the-art API platform designed to revolutionize the way businesses access and utilize news content. Omnia empowers users with instant access to real-time streaming news, AI-generated article summaries, enhanced tagging and categorization based on NLP, advanced filtering, and access to an extensive catalog of curated news sources. Key Features of Omnia Include: Real-time Streaming News: Omnia provides real-time streaming news via websockets push and REST API for seamless integration into existing systems. Enhanced Tagging and Categorization: Leveraging AI and proprietary NLP-based algorithms, Omnia offers enhanced tagging and categorization of content, including press releases, earnings releases, product categories, and more. AI-Generated Article Summaries: Omnia utilizes AI to generate concise and searchable article summaries, enabling users to quickly grasp an article before reading it. Advanced Filtering: Omnia's advanced filtering capabilities allow users to customize their news feeds based on specific criteria, ensuring they receive only the most relevant content. Access to an extensive collection of curated, high-quality sources used by top companies in financial services, analytics, research and a broad range of industries. Omnia is designed for rapid integration and serves a variety of use cases, including training of LLMs, financial platforms, asset management, trading, academic research, legal research, market research, and much more. Commenting on the launch, Comtex CEO Kan Devnani said, "We are pleased to bring a flexible, state-of-the-art news platform with access to curated, premium news sources to market. Omnia is an extendable platform, combining AI with our rich experience applying NLP to news content. This will allow clients to derive more intelligence and insights from the news content we offer and help clients curate and identify the content most relevant to them. Comtex will use Omnia to deliver evolving analytics and insight to its users." Access to Omnia can be trialed by visiting https://www.comtex.com/api. Comtex encourages users to explore its features and capabilities. To learn more about Omnia and request a demo, please contact sales@comtex.com or visit https://www.comtex.com/api. About Comtex News Network, Inc (Comtex): Comtex News Network Inc (Comtex) is a leading provider of news aggregation services to top firms in financial services, news publishing, syndication, and analytics. With a wealth of experience and expertise, Comtex delivers comprehensive news solutions that empower businesses to make informed decisions and stay ahead of the competition. Comtex also offers syndication services to content providers and platforms to generate traffic to online content. Contact Details Comtex News Network Media Relations sales@comtex.com
April 12, 2024 02:01 PM Eastern Daylight Time
News ReleaseSelect Sector SPDR ETFs: A Strategic Approach to Precision Investing and Customized Portfolios
Select Sector SPDR
In the dynamic world of investing, Exchange-Traded Funds ( ETFs ) have proved to be a powerful tool for investors seeking diversification, flexibility, and potentially a more sector-driven approach. Select Sector SPDR ETFs offer a focused approach to sector investing, enabling investors to specifically target sectors within the broader market. This method of investment strategy is designed to arm investors with greater control and flexibility over their portfolios. Select Sector SPDR ETFs segment the S&P 500 into 11 investable sectors, covering all broad market segments. They provide access to various industries, allowing investors to craft a diversified portfolio that aligns with their unique investment goals. This approach presents an excellent opportunity for both individual and institutional investors to effectively navigate the financial markets. Each ETF comprises well-known, large-cap companies from the S&P 500, ensuring broad exposure and diversification. The transparent nature of ETFs allows for daily disclosure of portfolio holdings and weightings, providing investors with visibility into their investments. The full lineup of Select Sector SPDR ETFs includes: Communication Services Select Sector SPDR Fund (XLC) Consumer Discretionary Select Sector SPDR Fund (XLY) Consumer Staples Select Sector SPDR Fund (XLP) Energy Select Sector SPDR Fund (XLE) Financials Select Sector SPDR Fund (XLF) Health Care Select Sector SPDR Fund (XLV) Industrials Select Sector SPDR Fund (XLI) Materials Select Sector SPDR Fund (XLB) Real Estate Select Sector SPDR Fund (XLRE) Technology Select Sector SPDR Fund (XLK) Utilities Select Sector SPDR Fund (XLU) These ETFs provide flexible, transparent, and low-cost investment options to both retail and institutional investors. The flexibility offered by these ETFs empowers investors to make strategic adjustments in their portfolios as market conditions change. This flexibility, combined with the transparency of daily disclosure of portfolio holdings, allows investors to always be aware of where their money is invested. Select Sector SPDR ETFs offer a unique opportunity to invest in various sectors with precision and flexibility. They provide a simplified approach to sector investing, allowing investors to customize their portfolios to meet their specific investment objectives. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007439 EXP 5/31/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/
April 12, 2024 05:00 AM Eastern Daylight Time
News ReleaseOnly 27% Of Chinese Citizens Have Visited Amusement Parks, And Demand Is Now Growing – Golden Heaven (NASDAQ: GDHG) Plans To Ride The Wave
Benzinga
By Meg Flippin, Benzinga The amusement park industry is having a moment in China, with interest in this form of entertainment growing. It doesn’t hurt that only 27% of the population in China has visited a theme park, presenting a big opportunity to reach the 1.4 billion people who live there. Habits learned during the pandemic are helping drive growth in the industry. With heavy restrictions on international travel, local trips became the only option. That attitude toward travel remains today, which is driving the popularity of amusement parks. In 2019, the Chinese amusement park market was valued at RMB 40 billion. By the end of 2025, McKinsey projects it will grow to over RMB 90 billion. One company that appears to be benefiting from this trend is Golden Heaven Group Holdings Ltd. (NASDAQ: GDHG). The amusement park operator, which developed and manages six amusement parks across China, is seeing an increase in the number of visits to its theme parks. During the Chinese Spring Festival holiday which ran this past February 10 to 17, park attendance was up 28.4% year-over-year. Attendance of 100,362 sets a new record, reports Golden Heaven. Nearby For Many The company’s six parks occupy approximately 426,560 square meters of land in aggregate and are located in geographically diverse markets across the south of China. Due to the geographical locations of the parks and the ease of travel, the parks are easily accessible to an aggregate population of approximately 21 million people, Golden Heaven says. The parks offer a broad selection of thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances and high-tech facilities. For 2024, Golden Heaven wants to expand its presence in the amusement park market, enhance operational efficiency and increase investments in technology to elevate visitor experiences and improve overall customer satisfaction. As it stands, the company is already in expansion mode, opening parks and inking deals to support long-term growth. Take Seven Rainbow Park in Anshun City, Guizhou Province. Trial operations of the 15,000 square-meter park – which has a range of attractions including a Ferris wheel, luxury carousel, zoo, ocean hall, pirate ship and bumper cars – kicked off in January. The construction of the park was completed ahead of schedule. “The trial operation results have met our expectations,” said Qiong Jin, the CEO and Chairman of Golden Heaven. “The park offers a valuable model for future projects. Our goal is to establish the park as an entertainment hub in the local area while advancing the Company's sustainable development and profit objectives." Golden Heaven is also utilizing the capital markets to broaden its presence in the amusement park industry. It also recently made a deal with PT BESTAR JAYA, an Indonesian trading company that services large-scale supermarkets nationwide. Golden Heaven was hired to develop, staff and manage 30 to 50 indoor amusement parks in major shopping centers and supermarkets across Indonesia. Bringing In The Revenue Beyond opening parks and expanding its market presence, Golden Heaven is entering into lease agreements that give it recurring revenue. Two worth mentioning include deals with Nanping City Dacheng Culture Communication Co., Ltd. and Zigong City Dragon Culture & Arts Co. Ltd. Golden Heaven is leasing certain land and property to Dacheng Culture to host a range of activities, including wedding photography, family photography, marriage proposal planning, Hanfu (traditional Chinese clothing) photography and various celebratory events. Dacheng Culture is paying RMB 6 million, payable quarterly, over the contract period, which extends from March 29, 2024, to March 28, 2025. Meanwhile, Zigong Culture is paying RMB 8.73 million to lease certain land and property to host a range of outdoor activities including seasonal excursions, extracurricular activities, physical competitions and talent shows. The contract period runs from March 11, 2024, to March 10, 2025. All of this is positioning the company for what it says should be profitable growth in 2024. Travelers in China want to stay close to home and are willing to spend money to do it. They are increasingly choosing amusement parks as the preferred form of entertainment. That’s good news for companies like Golden Heaven that are making several moves to capitalize. Featured photo by Thomas Stadler on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
April 11, 2024 08:45 AM Eastern Daylight Time
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