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May 3, 2018

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MISSISSAUGA, Ontario, May 01, 2018 (GLOBE NEWSWIRE) -- CWB Franchise Finance (CWB), a division of CWB Financial Group, has provided a term loan, mortgage and development line facility to Leopold’s Tavern Group of Companies (Leopold’s Tavern). Opening soon in Manitoba, the growing Canadian restaurant and pub brand currently operates across Saskatchewan and Alberta. The funds will be used to assist with development of new locations as well as renovations and updates of existing units, as required.

“After recently reaching a point of rapid expansion, the team at Leopold’s Tavern came to us for structured restaurant-specific financing after a referral from CWB’s Regina Branch where they’ve been a client for four years,” explained Dimitri Mazur, account manager at CWB Franchise Finance’s restaurant division. “This is an excellent example of how CWB leverages the expertise across our teams to help our clients grow their businesses. We’ve been able to provide a Development Line that Leopold’s Tavern can draw down on for multiple projects over a two-year period, with approval and document completed upfront, while the local branch in Regina can continue to serve their day-to-day business banking needs.”

“Leopold’s Tavern is expanding, in both new and existing markets,” noted Matt Pinch, the company’s president and chief financial officer. “This Development Line creates a trajectory for the various projects we have on the radar. CWB’s deep understanding of the restaurant industry and, more specifically, our model and growth needs, translates into both products and processes that make sense for us. Their team’s friendly, collaborative approach has been refreshing and we look forward to many more years of partnership.” 

 
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MONTREAL, May 02, 2018 (GLOBE NEWSWIRE) -- Siyata Mobile Inc. (the “Company” or “Siyata”) (TSX-V:SIM) (OTCQX:SYATF) is pleased to announce it has received its first Purchase Order from the hospitality industry for its mobile UR7 Rugged clamshell smartphone representing a new mobile worker vertical for an added revenue stream.

The significance of this order is that it opens up a new large-scale opportunity targeting mobile workers looking to stay connected via Push-to-Talk over cellular (“PoC”) with a smartphone solution the market has never seen before.

Unlike traditional two-way radio systems which have been the industry standard, the UR7, as a smartphone, also allows employees to download various applications while at the workplace to be more efficient, while providing all the features of traditional PTT. The only other clamshell device in the market sells hundreds of thousands of devices a year and is strictly a feature phone, that doesn’t allow for data or downloading applications for these workers.

Now with the UR7 Rugged clamshell smartphone, department heads, first responders, front desk, luggage handlers, room cleaning crews, security guards, and management can all instantly stay in touch with a push of a button with the added benefits of a smartphone (downloadable applications, WhatsApp, time log, voice, data and more).

Marc Seelenfreund, CEO and Chairman of Siyata Mobile, commented, “Seeing this new vertical open up with the success of our UR7 Rugged Smartphone launch is extremely exciting for us as the mobile worker vertical represents a total addressable market many times the size of the commercial fleet and vehicle market. We have a very unique offering that is a highly attractive for upgrading antiquated two-way radio systems. With three PoC carriers now offering this device, we see the UR7 adding a significant amount of revenue with strong margins in addition to our pipeline of 4G in-vehicle device sales.”

The UR7 is a Qualcomm based IP67 rugged smartphone in a clamshell form factor. It has a dedicated PTT button, strong dual speakers and the same echo canceling capabilities as the UV350 and supports BAND 14, America’s dedicated first responders network.

Report from CCS Insight predicts the market for rugged handsets will double from 30 million units in 2017, as more workers opt for durable phones that can withstand a harsh environment. CCS forecasts the market to continue to expand rapidly, with volumes of over 59 million by 2021.

 
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NORWALK, Conn., May 2, 2018 – Diageo, a global leader in beverage alcohol, today announced changes to the leadership team of its North American business.   Ed Pilkington, currently Chief Marketing Officer, Diageo Europe, is to be appointed Chief Marketing and Innovation Officer, Diageo North America.  Claudia Schubert, currently General Manager, Diageo Continental Europe and Russia, is to be appointed President U.S. Spirits & Canada.

“We are delighted to welcome two of Diageo’s most talented and experienced senior leaders to North America,” said Deirdre Mahlan, President, Diageo North America.  “Claudia and Ed have both played critical leadership roles in the recent transformation of our Europe business, and both bring world-class multi-market experience that will help drive their respective functions forward.”

Pilkington takes the helm of marketing and innovation from James Thompson.  During his tenure Thompson has established a strong platform for growth in North America.  He has recruited and developed top talent, overseen a step-up in creativity and successfully implemented our refreshed consumer-choice framework. Thompson has decided to return to the U.K. for personal reasons and currently, with no suitable openings within Diageo, has decided to pursue opportunities outside the company. 

Pilkington has a long history with Diageo over the course of a 24 year career with the company that has seen him lead its marketing and innovation business in Australia, Latin America and the Caribbean and, prior to his current role, as leader of the company’s global vodka, rum and gin category.

Schubert takes on U.S. Spirits and Canada from Tom Looney.  After a 30 year career with the business, Looney has decided to retire. During his time with the business, Looney has been a key contributor to the company’s strategy, performance, and navigation of distributor alignment. His work has created stronger execution and focus across the U.S. Spirits commercial function.

This marks a return to North America for Schubert, who has spent time in the U.S. and Canada in a number of senior commercial roles, including President, U.S. Control States & Canada.  Schubert has most recently led Diageo Continental Europe to strong growth.

“Together Thompson and Looney have a combined 53 years with the business, and we are grateful for the significant impact and legacy they leave with us,” continued Mahlan. “Their leadership and passion will be missed, and we wish them the very best for the future.”

Pilkington and Schubert will transition to the North America market over the summer, reporting to Mahlan.  Thompson will remain through July 31, 2018, and Looney will remain to support the transition through September 30, 2018.  

 

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