Posts Tagged ‘#Businessnews’

Parkland clarifies details regarding a webcast and conference call on Tuesday, January 18, at 4:00pm MDT (6:00pm EDT) to discuss its announced acquisition of M&M Food Market

CALGARY, AB, Jan. 18, 2022 /PRNewswire-HISPANIC PR WIRE/ — Parkland Corporation (”Parkland”, “we”, the “Company”, or “our”) (TSX: PKI), will host a webcast and conference call on Tuesday, January 18, at 4:00pm MDT (6:00pm EDT) to discuss its announced acquisition of M&M Food Market.  To listen to the live webcast and watch the presentation, please use the following link: https://produceredition.webcasts.com/starthere.jsp?ei=1524874&tp_key=388fcb2af7

Analysts and institutional investors interested in participating in the question-and-answer session of the conference call may do so by calling 1-888-390-0546 (toll-free) (Conference ID: 68511332). International participants can call 1-800-389-0704 (toll) (Conference ID: 68511332).

Please connect and log in approximately 10 minutes before the beginning of the call. The webcast will be available for replay two hours after the conference call ends at the link above. It will remain available for one year and will also be posted to www.parkland.ca.

About Parkland Corporation
Parkland’s purpose is to Power Journeys and Energize Communities. We are a leading operator and consolidator of convenience retail and fuel marketing businesses. Through our portfolio of trusted and locally relevant convenience, retail, commercial and wholesale brands, we serve over one million customers per day across Canada, the United States, the Caribbean region and Central and South America. In addition to leveraging our supply and storage capabilities to provide the essential fuels that our diverse customers rely on, we are a leader in manufacturing low carbon fuels and are rapidly building a charging network to serve growing demand for convenient charging from electric vehicle drivers in select markets.

Parkland’s proven strategy is centered around growing organically, realizing a supply advantage, acquiring prudently, and integrating successfully. We are positioned to win through the energy transition and are focused on developing our existing business in resilient markets, further diversifying our retail business into convenience, food, and EV charging, and helping our commercial customers decarbonize their operations. Our strategy is enabled and underpinned by our people, as well as our values of safety, integrity, community, and respect, which are deeply embedded across our organization.

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Parkland expands food offer and accelerates convenience growth with acquisition of M&M Food Market

CALGARY, AB, Jan. 18, 2022 /PRNewswire-HISPANIC PR WIRE/ — Parkland Corporation (”Parkland”, “we”, the “Company”, or “our”) (TSX: PKI), a leading operator and consolidator of convenience retail and fuel marketing businesses, announced today it has entered into an agreement to acquire M&M Food Market (”M&M”) (”the Acquisition”). M&M is a premium, restaurant-quality frozen food retailer who brings high-quality, convenient food choices to Canadians. This acquisition represents one of many steps we are taking in our retail diversification strategy to expand our proprietary food offer, customer reach and innovation pipeline.

“This acquisition provides a platform to grow our food offer, expand our proprietary brands, and advance our digital and loyalty strategy,” said Ian White, SVP Strategic Marketing & Innovation. “Consistent with our commitment to create convenience destinations, M&M’s national store network, and innovative approach to food preparation and menu development positions us to offer high-quality food that complements our growing quick-serve restaurant offerings. We will grow these capabilities in all our operating regions and bolster our digital connection to customers by combining M&M and JOURNIE™ rewards programs. We look forward to bringing ON the RUN and M&M together to help customers make the most of every stop.”

The acquisition includes over 300 well-located standalone franchise and corporate owned stores, over 2,000 M&M Express locations, and a well-established rewards program with approximately two million active members. Led by an experienced management team who have a proven track record of growth and a food-first culture, M&M will create quality food options that our customers can consume fresh-from-frozen, both on site and on the go, and prepared from frozen at home. We will leverage these capabilities throughout our existing network and soon to be launched standalone ON the RUN convenience locations.

“Parkland’s ON the RUN brand is a convenience retail leader and we are excited to combine our two offerings,” said Andy O’Brien, CEO of M&M. “M&M and its franchise partners share Parkland’s customer focus and passion for quality food. The combination of our innovative food capabilities and Parkland’s more than 3,000 retail locations in 25 countries creates an immediate runway of growth and expansion opportunities.”

This Acquisition enables key elements of our strategy:

  • Advances our enterprise food strategy: Adds a proprietary brand, experienced team, franchisee network, and a scalable fresh and fresh-from-frozen food growth platform across all our markets. We will leverage M&M’s expertise and track record of developing successful menus in its innovation kitchen to evaluate and develop additional fresh and quick-serve food choices across our network.
  • Advances our digital strategy and creates a premier Canadian loyalty program: By combining JOURNIE and M&M’s reward programs which has two million active members, we will create extensive cross-promotional opportunities and form one of Canada’s premier loyalty programs.
  • Enhances our ON the RUN customer value proposition: M&M will be integral to our growing On the Run network, bolstering our in-store, e-commerce and home delivery offers, and supporting our standalone convenience concept.
  • Capital -light: M&M leverages a well-established, highly efficient food preparation and distribution network, requiring limited capital investment to efficiently serve its retail locations.
  • R atable cash flow with significant growth potential: M&M’s royalty fee-based operating model creates a ratable stream of cash flow. We aim to grow M&M’s Canadian annual run rate Adjusted EBITDA to approximately $55 million in three years.

The total consideration for this transaction is approximately $322 million, which will be funded out of existing credit facility capacity. This Acquisition represents a valuation metric of less than 8.5x estimated 2021 Adjusted EBITDA. Subject to approval under the Competition Act (Canada) and other customary closing conditions, the Acquisition is expected to close in the first quarter of 2022.

Acquisition Conference Call and Webcast Details
Parkland will host a webcast and conference call on Thursday, January 18, at 4:00pm MDT (6:00pm EDT) to discuss the acquisition. To listen to the live webcast and watch the presentation, please use the following link: https://produceredition.webcasts.com/starthere.jsp?ei=1524874&tp_key=388fcb2af7

Analysts and institutional investors interested in participating in the question-and-answer session of the conference call may do so by calling 1-888-390-0546 (toll-free) (Conference ID: 68511332). International participants can call 1-800-389-0704 (toll) (Conference ID: 68511332).

Please connect and log in approximately 10 minutes before the beginning of the call. The webcast will be available for replay two hours after the conference call ends at the link above. It will remain available for one year and will also be posted to www.parkland.ca.

About Parkland Corporation
Parkland’s purpose is to Power Journeys and Energize Communities. We are a leading operator and consolidator of convenience retail and fuel marketing businesses. Through our portfolio of trusted and locally relevant convenience, retail, commercial and wholesale brands, we serve over one million customers per day across Canada, the United States, the Caribbean region and Central and South America. In addition to leveraging our supply and storage capabilities to provide the essential fuels that our diverse customers rely on, we are a leader in manufacturing low carbon fuels and are rapidly building a charging network to serve growing demand for convenient charging from electric vehicle drivers in select markets.

Parkland’s proven strategy is centered around growing organically, realizing a supply advantage, acquiring prudently, and integrating successfully. We are positioned to win through the energy transition and are focused on developing our existing business in resilient markets, further diversifying our retail business into convenience, food, and EV charging, and helping our commercial customers decarbonize their operations. Our strategy is enabled and underpinned by our people, as well as our values of safety, integrity, community, and respect, which are deeply embedded across our organization.

About M&M Food Market:
Founded in 1980, M&M Food Market is Canada’s leading retailer of frozen foods and has helped Canadians put delicious meals on the table by offering consumers products that were prepared with care using authentic recipes and high-quality ingredients along with personalized customer service, all within a uniquely convenient shopping environment. Following the beginning of a significant rebranding effort in 2016 – including the name change from M&M Meat Shops, a new store design, new products and packaging, a new website, and newly trained Meal Advisors – M&M Food Market has been focused on innovation across virtually every aspect of the business. It is headquartered in Mississauga, Ontario, with locations in all ten provinces, Yukon, and the Northwest Territories. M&M has been recognized as one of Canada’s Best Managed Companies for 11 years in a row. M&M products include delicious and convenient options across virtually every food category including appetizers, prepared meals, seafood, meats and poultry, vegetables, sides, bakery, and desserts and come in formats ranging from individual portions to family-sized options.

Forward Looking Statement
Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward-looking statements”). When used in this news release the words “expect”, “will”, “could”, “would”, “believe”, “continue”, “pursue” and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, the successful completion of the Acquisition and the timing thereof; expected benefits of the acquisition, including: potential organic growth, creating convenience destinations; expanding Parkland’s food offerings throughout its existing network; creating a loyalty coalition between the M&M and JOURNIE™ rewards programs; expected future increase to the run rate Adjusted EBITDA of the M&M business and the timing thereof; and the launch of standalone ON the RUN convenience locations.

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as may be required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to, failure to complete the Acquisition; failure to satisfy the conditions to closing of the Acquisition; failure to realize all or any of the anticipated benefits of the Acquisition; general economic, market and business conditions; competitive action by other companies; the ability of suppliers to meet commitments; actions by governmental authorities and other regulators including but not limited to increases in taxes or restricted access to markets; changes and developments in environmental and other regulations; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described in “Forward-Looking Information” and “Risk Factors” included in Parkland’s Annual Information Form dated March 5, 2021, and “Forward-Looking Information” and “Risk Factors” included in the Q3 2021 MD&A dated November 2, 2021 and the Q4 2020 MD&A dated March 4, 2021, each filed on SEDAR and available on the Parkland website at www.parkland.ca.

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Highgate Systems Announces Organisational Changes

CaribPR Wire, MISSISSAUGA, Ontario, Jan. 18, 2022: Highgate Systems is pleased to announce the appointment of Oluwatobi (Tobi) Boshoro as the new Managing Director of Highgate Systems. Ms. Boshoro brings over 20 years of successful strategic digital transformation within the e-business, commerce and digital payments sector.

Previously, Ms. Boshoro served as the CEO of Renmoney, a leading fintech lending and wealth management company as well as the SVP – Digital Strategy, Issuing & Service Management for Standard Bank Group and various senior positions at Interswitch Group. She is an alumnus of the Harvard Business School, having completed multiple Executive Management programs and holds a M.Sc. Strategic Marketing degree from Cranfield University’s School of Management and a B.Sc. in Economics from Ogun State University.

Barry Walsh, Chairman of Bevertec Group of Companies stated, “We are pleased to welcome Tobi Boshoro as the new Managing Director of Highgate Systems and look forward to her insight and guidance. Ms. Boshoro’s significant digital transformation experience across a range of international fintech companies will be invaluable to Highgate Systems. With her leadership, we will continue to elevate our client’s ability to provide a world class digital banking experience to their members and customers.”

Highgate Systems would also like to thank Kelley Gray for her dedication and leadership since joining the company in November 2019 and remaining true to our goals, including:

  • Strategic leadership implementing a process driven approach to maximise efficiencies and better support our customer base;
  • Strengthen customer and partner relationships to drive growth; and
  • Attracting world-class talent to support system portfolio stabilisation.

Ms. Gray will continue to support Highgate Systems throughout the transition to Ms. Boshoro before she moves into her new role as the Vice President of Infrastructure & Strategic Solutions at Bevertec Group of Companies. In her new capacity she will continue to spearhead the platform stabilisation initiatives and work in concert with Ms. Boshoro to continue to grow and strengthen our customer and partner relationships.

About Highgate Systems

Highgate Systems as a member of the Bevertec Group of Companies is a trusted provider of banking and lending solutions to international banking and financial institution clients. These solutions bring to market the latest innovations to increase profitability, decrease the total cost of ownership, maximize operational efficiency and ensure regulatory compliance. Founded in 1986, Highgate has grown wonderfully over the years boasting clients in many countries. Their team of experienced technology and banking professionals work with clients to provide innovative solutions and help clients grow their businesses.


For more information, please contact info@highgatesystems.com

5025 Orbitor Drive, Building 2, Suite 400, Mississauga, ON L4W 4Y5

+1 416 620 6683 | info@highgatesystems.com | www.highgatesystems.com

https://www.linkedin.com/company/37556789/

https://twitter.com/HighgateSystems

Highgate Systems anuncia cambios organizacionales

CaribPR Wire, MISSISSAUGA, Ontario, Jan. 18, 2022: Highgate Systems se complace en anunciar el nombramiento de Oluwatobi (Tobi) Boshoro como nuevo Director General de Highgate Systems. La Sra. Boshoro aporta más de 20 años de transformación digital estratégica exitosa dentro del sector de comercio electrónico, comercio y pagos digitales. Anteriormente, la Sra. Boshoro se desempeñó como directora ejecutiva de Renmoney, una empresa líder en gestión de patrimonio y préstamos de tecnología financiera, así como también como vicepresidenta sénior de estrategia digital, emisión y gestión de servicios para Standard Bank Group y varios puestos de alto nivel en Interswitch Group. Es exalumna de la Escuela de Negocios de Harvard, completó múltiples programas de Administración Ejecutiva y tiene un M.Sc. Licenciatura en Marketing Estratégico de la Escuela de Administración de la Universidad de Cranfield y un B.Sc. en Economía de la Universidad Estatal de Ogun. Barry Walsh, presidente de Bevertec Group of Companies, declaró: “Nos complace dar la bienvenida a Tobi Boshoro como nueva directora general de Highgate Systems y esperamos su conocimiento y orientación. La importante experiencia de transformación digital de la Sra. Boshoro en una variedad de empresas tecnología financiera internacionales será invaluable para Highgate Systems. Con su liderazgo, continuaremos elevando la capacidad de nuestros clientes para brindar una experiencia de banca digital de clase mundial a sus miembros y clientes”. Highgate Systems también desea agradecer a Kelley Gray por su dedicación y liderazgo desde que se unió a la empresa en noviembre de 2019 y se mantuvo fiel a nuestros objetivos, que incluyen: • Liderazgo estratégico implementando un enfoque basado en procesos para maximizar la eficiencia y apoyar mejor a nuestra base de clientes; • Fortalecer las relaciones con clientes y socios para impulsar el crecimiento; y • Atraer talento de clase mundial para crear un sistema de soporte para la transformación de la cartera de clientes. La Sra. Gray continuará apoyando a Highgate Systems durante la transición a la Sra. Boshoro antes de asumir su nuevo cargo como Vicepresidenta de Infraestructura y Soluciones Estratégicas en Bevertec Group of Companies. En su nuevo puesto, continuará encabezando las iniciativas de transformación de la plataforma y trabajará en conjunto con la Sra. Boshoro para continuar creciendo y fortaleciendo nuestras relaciones con clientes y socios. Acerca de Highgate Systems Highgate Systems, como miembro del grupo de empresas Bevertec, es un proveedor de confianza de soluciones bancarias y crediticias para clientes de instituciones bancarias y financieras internacionales. Estas soluciones traen al mercado las últimas innovaciones para aumentar la rentabilidad, disminuir el costo total de propiedad, maximizar la eficiencia operativa y garantizar el cumplimiento normativo. Fundada en 1986, Highgate ha crecido continuamente y cuenta con clientes en muchos países. Su equipo de profesionales experimentados en tecnología y banca trabaja con los clientes para proporcionar soluciones innovadoras y ayudar a los clientes a hacer crecer sus negocios.
Para obtener más información, comuníquese por favor con info@highgatesystems.com

5025 Orbitor Drive, Building 2, Suite 400, Mississauga, ON L4W 4Y5

+1 416 620 6683 | info@highgatesystems.com | www.highgatesystems.com

https://www.linkedin.com/company/37556789/

https://twitter.com/HighgateSystems
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Parkland ramps-up processing operations at the Burnaby Refinery

CALGARY, AB, Dec. 14, 2021 /PRNewswire-HISPANIC PR WIRE/ – Parkland Corporation (”Parkland”, “we”, the “Company”, or “our”) (TSX: PKI), announced today, that following the restart of the Trans Mountain Pipeline (”the Pipeline”) on December 5, 2021, it is ramping-up processing operations at the Burnaby Refinery (the “Refinery”). The Pipeline is the primary source of crude oil feedstock to the refinery.

“Having maintained the refinery in ready-mode and following delivery of sufficient, consistent quality crude oil feedstocks via the pipeline, we are ramping-up processing operations,” said Ryan Krogmeier, SVP Supply, Trading and Refining. “I am proud of the Parkland team. Throughout the pause in processing operations, we played a critical role importing essential fuels into our British Columbia terminals, from where they were stored and distributed to our customers across the lower mainland and Vancouver Island.”

“We are grateful to Parkland and the team at the Burnaby Refinery for ensuring British Columbians in the Lower Mainland and on Vancouver Island continued to enjoy reliable access to the fuels they depend on over the past several weeks,” said The Hon. Bruce Ralston, Minister of Energy, Mines and Low Carbon Innovation. “During times of crisis we are reminded of the value of partnership between our communities and the essential businesses that support them.”

Refinery Operational Status and Guidance
The shutdown of the Pipeline, on November 14, 2021, resulted in a lack of available crude oil feedstocks into the Burnaby Refinery. As a direct result, processing operations were significantly reduced from November 15, 2021, paused between November 22, 2021 and December 10, 2021, and began to ramp-up from December 11, 2021.

Primarily driven by the pipeline shutdown and pending the continued successful ramp-up of processing operations, we now expect 2021 Adjusted EBITDA (attributable to Parkland) will be close to the midpoint of our guidance of $1.25 billion.

Parkland remains confident in its 2022 guidance and reaffirms our previously disclosed Adjusted EBITDA (attributable to Parkland) of $1.45 billion +/- 5 percent. This is up approximately 16 percent from 2021 guidance, and approximately 50 percent from 2020.

About Parkland Corporation
Parkland is a leading convenience store operator and independent supplier and marketer of fuel and petroleum products. Parkland services customers across Canada, the United States, the Caribbean region, and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage, and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community, and respect, which are embraced across our organization.

Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward-looking statements”). When used in this news release the words “expect”, “will”, “could”, “would”, “believe”, “continue”, “pursue” and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to 2021 and 2022 Adjusted EBITDA guidance.

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks, assumptions and uncertainties including, but not limited to, general economic, market and business conditions, including the duration and impact of the COVID pandemic; Parkland’s ability to execute its business strategies, including without limitation, Parkland’s ability to consistently identify accretive acquisition targets and successfully integrate them, successfully implement organic growth initiatives and to finance such acquisitions and initiatives on reasonable terms; Parkland’s ability to reduce GHG in its refining and marketing business, Parkland’s ability to grow its supply advantage by leveraging its scale and infrastructure; industry capacity; competitive action by other companies; refining and marketing margins; the ability of suppliers to meet commitments; actions by governmental authorities and other regulators including but not limited to increases in taxes or restricted access to markets; changes and developments in environmental and other regulations; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described in “Forward-Looking Information” and “Risk Factors” included in Parkland’s Annual Information Form dated March 5, 2021, and “Forward-Looking Information” and “Risk Factors” included in the Q3 2021 MD&A dated November 2, 2021 and the Q4 2020 MD&A dated March 4, 2021, each filed on SEDAR and available on the Parkland website at www.parkland.ca. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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Nuvei Announces Partnership with FTX to Provide Instant Payment Solutions on One of the World’s Largest Digital Currency Exchanges

CaribPR Wire, MONTREAL and Saint John’s, Antigua and Barbuda, Dec. 14, 2021: Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, announced today it has entered into a partnership with FTX Trading LTD (”FTX”), owner and operator of FTX.COM, a leading global cryptocurrency exchange. This partnership with Nuvei will enable FTX to provide its users instant payment solutions for an enhanced customer journey and experience.

Through this collaboration, FTX can now offer users access to Nuvei’s innovative payment solutions that significantly improves the user journey, enabling instant deposits that support high value transactions. This in return will help FTX’s users to buy cryptocurrencies faster and in a more secured way.

“Our partnership with FTX demonstrates Nuvei’s leadership in the growing cryptocurrency vertical and shows our ability to provide innovative solutions for customers of all types around the world,” said Philip Fayer, Nuvei’s Chair and CEO. “FTX is one of the world’s largest digital currency exchanges, and we are thrilled to partner with them to help simplify the transaction experience for their customers and speed processing times. Together, we will provide instant payment deposits, supporting the higher value transactions that are often required in cryptocurrency trading. We look forward to continuing our collaboration with FTX and to expand the partnership to provide more APMs and enable payouts, bringing the latest innovations to their payment capabilities.”

“We want our users to have a frictionless experience and be able to convert from fiat to crypto and back seamlessly. We are thrilled to partner with an innovative company like Nuvei to provide a reliable payment on and off-ramp for our users,” said Sam Bankman-Fried, founder and CEO of FTX.

About Nuvei

We are Nuvei (Nasdaq: NVEI) (TSX: NVEI) the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.

For more information, visit www.nuvei.com.

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Chuck E. Cheese Signs New Development Agreements In Qatar, Suriname And Guyana

Three new countries will soon experience the world’s number one family entertainment restaurant brand, Chuck E. Cheese, adding to an already rapid expansion story for Chuck E. Cheese internationally

DALLAS, Dec. 6, 2021 /PRNewswire-HISPANIC PR WIRE/ – Chuck E. Cheese, the global family entertainment brand, continues to drive international expansion and has successfully signed development agreements in three new countries across South America and in the Middle East. This adds to the rapid ongoing international expansion of the brand already announced in new regions like Egypt, Morocco, Romania and Kuwait, and sets Chuck E. Cheese on track to have over 100 international locations by 2022.

Chuck E. Cheese

“Investors and entrepreneurs continue to recognize Chuck E. Cheese as a high ROI opportunity within their local markets,” says Arun Barnes, COO & SVP of international development for CEC Entertainment. “With a unique business model that is unmatched in the Family Entertainment Center (FEC) landscape, we are the brand that can have an immediate impact in almost any country around the globe, while providing a reliable cash flow for franchise partners who have a passion for family entertainment.”

One of the most effective avenues of growth is through existing franchisees who see success in their own regions, such as franchise partner Joanna Rostant of Yay! Entertainment in Trinidad & Tobago who has signed to expand the brand through sub franchising into Guyana and Suriname. The first site at Suriname is under construction and scheduled to open in the first half of 2022.

Joanna Rostant stated, “We are thrilled to partner through a sub franchise arrangement with Sasja Lie Pauw Sam and his team at Blue Falcon N.V. to bring the joy of Chuck E. Cheese to families in Suriname. We note with confidence Suriname’s recent discovery of substantial volumes of hydrocarbons, and in keeping with the recent IMF forecasts, believe that Suriname will experience strong positive economic growth in the next couple of years. For these and other socio-economic reasons, we believe that the world’s leading family entertainment brand will be thoroughly enjoyed by children and families in Suriname.”

“It makes sense for Caribbean markets, and we are thrilled that Joanna’s strong operating model has positioned her company well to achieve and lead this exciting expansion. We look forward to her success in Suriname, and later in Guyana,” added Arun Barnes.

In addition to the Caribbean, Chuck E. Cheese has also partnered with new franchise partners, Benchmark Hospitality Services, to expand new locations across Qatar throughout the next few years.

“Working with the CEC International team is a pleasure,” said Yanni Jouaneh, franchise owner and CEO of Benchmark Hospitality Services. “They have great systems and processes to support international franchising, and our business feasibility survey of the brand showcased a unique opportunity to bring in a highly profitable brand into Qatar’s exciting market landscape. There is no other brand that offers a great mix of games, food, entertainment and birthday parties. Qatari families with kids will soon experience the joy of Chuck E. Cheese nearer to their home.”

For franchising interests or to learn more about how to bring the joy and profits of Chuck E. Cheese to your market, please visit the all-new international franchising website where you can discover all of the latest news and exciting expansion plans.

About CEC Entertainment, Inc.

CEC Entertainment is the nationally recognized leader in family entertainment and dining with its Chuck E. Cheese, Peter Piper Pizza and, delivery only, Pasqually’s Pizza & Wings brands. As the place where a million happy birthdays are celebrated every year, Chuck E. Cheese’s goal is to create positive, lifelong memories for families through entertainment, food and play. Committed to providing a fun, safe environment, Chuck E. Cheese helps protect families through industry-leading programs such as Kid Check®. As a strong advocate for its local communities, Chuck E. Cheese has donated more than $19 million to schools through its fundraising programs. The Company and its franchisees operate a system of nearly 600 Chuck E. Cheese and 120 Peter Piper Pizza venues, with locations in 47 states and 17 foreign countries and territories. For more information, visit our website or connect with us on social media.

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Enterprise Opens at Colombia’s Medellin International Airport

ST. LOUIS, Dec. 2, 2021 /PRNewswire-HISPANIC PR WIRE/ – Enterprise Holdings announced today that it has opened at Colombia’s Medellin International Airport. The new branch – which is already taking reservations – serves customers of the company’s flagship Enterprise Rent-A-Car brand, as well as National Car Rental and Alamo Rent A Car. Enterprise Holdings owns all three brands.

The new Colombia branch, located in the country’s second largest airport, represents the company’s commitment to serving domestic and international customers as travel opens up around the world. Since the onset of the pandemic, the company has opened more than 100 new branches worldwide.

“Colombia is a premier market for Enterprise’s global growth as we continue to expand to meet the needs of business and leisure travelers alike, wherever they choose to go,” said Peter A. Smith, vice president of global franchising at Enterprise Holdings. “As international travel begins again, we are excited to serve our customers around the world and stand by our promise to provide them with a safe and convenient rental experience.”

The Medellin branch increases Enterprise’s presence in Colombia to 11 locations. It’s the latest in the company’s ongoing international expansion in Latin America and surrounding areas. Enterprise Rent-A-Car made its debut in Latin America in 2015, joining the National and Alamo brands.

Customers in Colombia also have the added benefit of earning awards and free rental days through two loyalty programs: Enterprise Plus through the Enterprise Rent-A-Car brand, and the award-winning Emerald Club through the National Car Rental brand. Enterprise Plus and Emerald Club both launched in Colombia in 2017.

About Enterprise Holdings
Enterprise Holdings, Inc. is a leading provider of mobility solutions, owning and operating the Enterprise Rent-A-CarNational Car Rental and Alamo Rent A Car brands through its integrated global network of independent regional subsidiaries and franchise partners. Enterprise Holdings and its affiliates offer extensive car rental, carsharing, truck rental, fleet management, retail car sales, as well as travel management and other transportation services, to make travel easier and more convenient for customers. Privately held by the Taylor family of St. Louis, Mo., Enterprise Holdings manages a diverse fleet of more than 1.85 million vehicles through a network of nearly 10,000 fully staffed neighborhood and airport rental locations in more than 90 countries and territories.

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Parkland to expand its Canadian convenience and retail fuel network with acquisition of select Husky branded locations

CALGARY, AB, Nov. 30, 2021 /PRNewswire-HISPANIC PR WIRE/ – Parkland Corporation (”Parkland”, “we”, the “Company”, or “our”) (TSX: PKI), a leading consolidator of convenience retail and fuel marketing businesses, announced today it has entered into an agreement to acquire approximately 156 retail locations, from Cenovus Energy Inc. (”the Acquisition”). This Acquisition bolsters Parkland’s existing Canadian convenience retail network by adding high-quality retail locations in Greater Vancouver, Vancouver Island, Calgary, and the Greater Toronto area.

Parkland Corporation Logo

“This acquisition is a natural fit for Parkland,” said Donna Sanker, President Parkland Canada. “Consistent with our recently announced strategy to develop our retail network in key Canadian markets and diversify our retail business to better serve our customers, it provides an opportunity to create convenience destinations by expanding our ON the RUN convenience brand, enhancing food offerings, and strengthening the Parkland national network for JOURNIE™ Rewards.”

This Acquisition includes 109 company owned sites and 47 dealer locations and is expected to add annual fuel volumes of approximately 400 million litres to our network.

“The Acquisition is a unique opportunity to expand our coverage in markets where Parkland has an existing supply advantage and offsets a portion of our planned organic growth capital,” added Sanker. “We will convert a significant number of the company owned sites to ON the RUN and accelerate our plan to build a network of over 1,000 ON the RUN locations in Canada and the U.S. by 2025.”

The total cash consideration for this transaction is approximately $156 million and reflects a post-synergy multiple consistent with certain prior transactions of approximately 5 times. Subject to approval under the Competition Act (Canada) and other closing conditions, the transaction is expected to close in mid-2022.

About Parkland Corporation
Parkland is a leading convenience store operator and independent supplier and marketer of fuel and petroleum products. Parkland services customers across Canada, the United States, the Caribbean region, and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage, and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community, and respect, which are embraced across our organization.

Forward Looking Statement
Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward-looking statements”). When used in this news release the words “expect”, “will”, “could”, “would”, “believe”, “continue”, “pursue” and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, the successful completion of the Acquisition and the timing thereof; expected benefits of the acquisition, including potential organic growth, creating convenience destinations, Parkland’s ability to expand its ON the RUN convenience brand, enhancing its food offer and JOURNIE™ Rewards loyalty program, the expected product volume resulting from the transaction, offset of planned organic growth capital and a post-synergy multiple of approximately 5 times.

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as may be required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to, failure to complete the Acquisition; failure to satisfy the conditions to closing of the Acquisition, including approval under the Competition Act (Canada); failure to realize all or any of the anticipated benefits of the Acquisition; general economic, market and business conditions; competitive action by other companies; refining and marketing margins; the ability of suppliers to meet commitments; actions by governmental authorities and other regulators including but not limited to increases in taxes or restricted access to markets; changes and developments in environmental and other regulations; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described in “Forward-Looking Information” and “Risk Factors” included in Parkland’s Annual Information Form dated March 5, 2021, and “Forward-Looking Information” and “Risk Factors” included in the Q3 2021 MD&A dated November 2, 2021 and the Q4 2020 MD&A dated March 4, 2021, each filed on SEDAR and available on the Parkland website at www.parkland.ca.

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Parkland Announces Normal Course Issuer Bid

CALGARY, AB, Nov. 29, 2021 /PRNewswire-HISPANIC PR WIRE/ — Parkland Corporation (”Parkland”, “we”, “our”, or “the Company”) (TSX: PKI) announced today that the Toronto Stock Exchange (”TSX”) has accepted the Company’s notice of intention to implement a normal course issuer bid (the “NCIB”) during the 12-month period commencing December 1, 2021 and ending November 30, 2022.

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On November 25, 2021, Parkland had 152,457,236 common shares issued and outstanding. Under the NCIB, a maximum of 15,091,885 common shares (representing 10% of the public float of common shares as of November 25, 2021) may be repurchased by Parkland in open market transactions on the TSX during the 12-month period commencing December 1, 2021 and ending November 30, 2022.

“In the right conditions, and in addition to our regular monthly dividend, the NCIB will provide optionality to return additional capital to shareholders,” said Bob Espey, President and Chief Executive Officer. “We will continue to exercise strict capital discipline, and the decision to repurchase Parkland shares will be evaluated against our other investment opportunities and leverage guidelines. We are focused on creating long-term shareholder value, and only our most accretive opportunities will secure capital.”

The NCIB is intended to augment Parkland’s ongoing return of capital to shareholders through dividends. Parkland believes that the market price of its common shares may not, from time to time, accurately reflect their underlying value. Accordingly, purchasing its own common shares for cancellation under the NCIB may represent an attractive investment opportunity to enhance shareholder value.

The common shares will be purchased through the facilities of the TSX and/or alternative trading systems in Canada at the prevailing market price at the time of purchase. All common shares purchased under the NCIB will be cancelled. In accordance with the rules of the TSX, any daily repurchases (other than pursuant to a block purchase exception) on the TSX under the NCIB are limited to a maximum of 94,920 common shares, which represents 25% of the average daily trading volume on the TSX of 379,683 for the six months ended October 31, 2021. The actual number of common shares that may be purchased under the NCIB and the timing of any such purchases will be determined by Parkland. There can be no assurance as to the precise number of common shares that will be purchased under the NCIB, if any. Parkland may discontinue purchases under the NCIB at any time, subject to compliance with applicable regulatory requirements.

Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward-looking statements”). When used in this news release the words “expect”, “will”, “could”, “would”, “believe”, “continue”, “pursue” and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, the NCIB, potential purchases of common shares under the NCIB, returning additional capital to shareholders and future accretive investment opportunities.

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks, assumptions and uncertainties including, but not limited to, the failure to obtain approval of the NCIB from the TSX, failure to realize the anticipated benefits of the NCIB, a failure to execute purchases under the NCIB,  general economic, market and business conditions, including the duration and impact of the COVID-19 pandemic; Parkland’s ability to execute its business strategies, including without limitation, Parkland’s ability to consistently identify accretive acquisition targets and successfully integrate them, successfully implement organic growth initiatives and to finance such acquisitions and initiatives on reasonable terms; Parkland’s ability to grow its supply advantage by leveraging its scale and infrastructure; industry capacity; competitive action by other companies; refining and marketing margins; the ability of suppliers to meet commitments; actions by governmental authorities and other regulators including but not limited to increases in taxes or restricted access to markets; changes and developments in environmental and other regulations; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described in “Forward-Looking Information” and “Risk Factors” included in Parkland’s Annual Information Form dated March 5, 2021, and “Forward-Looking Information” and “Risk Factors” included in the Q3 2021 MD&A dated November 2, 2021 and the Q4 2020 MD&A dated March 4, 2021, each filed on SEDAR and available on the Parkland website at www.parkland.ca. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

About Parkland Parkland is a leading independent convenience store operator and supplier, marketer and retailer of fuel and petroleum products. Parkland serves customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves. Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community, and respect, which are embraced across our organization.

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Parkland Announces Closing of Senior Unsecured Notes Offering

CALGARY, AB, Nov. 23, 2021 /PRNewswire-HISPANIC PR WIRE/ — Parkland Corporation (”Parkland”) (TSX: PKI) announced today the closing of its previously announced private offering (the “Offering”) of US$800 million aggregate principal amount of 4.625% senior unsecured notes due 2030 (the “notes”).

Parkland will use the net proceeds of the Offering to redeem all of the outstanding $300 million aggregate principal amount of its 6.500% senior notes with a final maturity date of January 21, 2027 (the “6.5% Senior Notes”) and to repay the drawings under its revolving bank credit facility (the “Revolving Facility”), with the remainder to be used for general corporate purposes. Amounts repaid under the Revolving Facility may be redrawn, subject to the terms of the Revolving Facility, for general corporate purposes including acquisitions and capital spending.

The notes were offered and sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and offered and sold outside the United States pursuant to Regulation S under the Securities Act. The notes have not been registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy any of these notes, except as required by law, nor shall there be any offer or sale of the notes in any state, or jurisdiction in which such offer, solicitation, or sale would be unlawful.

Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward -looking statements”). When used in this news release the words “may”, “to be”, “will” and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to the use of proceeds from the Offering, the redemption of the 6.5% Senior Notes, the repayment of amounts outstanding under the Revolving Facility and the re-drawing of such amounts.

No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. See the risks and uncertainties described in “Forward-Looking Information” and “Risk Factors” included in Parkland’s Annual Information Form dated March 5, 2021 and in “Forward-Looking Information” and “Risk Factors” in the management’s discussion and analysis for the quarter ended September 30, 2021, dated November 2, 2021, which are filed on SEDAR and available on Parkland’s website at www.parkland.ca. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

About Parkland Corporation

Parkland is a leading convenience store operator and independent supplier and marketer of fuel and petroleum products. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.

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Parkland initiates steps to pause refinery processing operations in response to ongoing Trans Mountain Pipeline shut down

CALGARY, AB, Nov. 22, 2021 /PRNewswire-HISPANIC PR WIRE/ – Parkland Corporation (”Parkland”, “we”, the “Company”, or “our”) (TSX: PKI), announced today, that in response to the ongoing crisis in British Columbia that resulted in the shutdown of the Trans Mountain Pipeline on November 14, it has initiated steps to pause refinery processing operations at the Burnaby Refinery (”the refinery”) and maintain the refinery in ready-mode. The Trans Mountain Pipeline is the primary source of crude oil feedstock to the refinery.

“Due to a lack of crude oil supply from the Trans Mountain Pipeline, we are maintaining the refinery in ready-mode,” said Ryan Krogmeier, SVP Supply, Trading and Refining. “Ready-mode, is a state of operational readiness which positions us to recommence processing once sufficient crude oil feedstocks become available.”

While the refinery’s processing operations are being paused, its blending, shipping, terminal, and rack activities remain operational. This enables available fuels to be offloaded from ships and rail directly into the refinery, from where they can be stored and distributed across the lower mainland and Vancouver Island.

“We are focused on serving our customers and communities,” added Krogmeier. “Our teams are working tirelessly to source and import available refined fuels. By leveraging our supply capabilities and infrastructure at the refinery, we are confident in our ability to keep our retail and commercial locations supplied with fuel.”

About Parkland Corporation

Parkland is a leading convenience store operator and independent supplier and marketer of fuel and petroleum products. Parkland services customers across Canada, the United States, the Caribbean region, and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage, and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community, and respect, which are embraced across our organization.

Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward-looking statements”). When used in this news release the words “expect”, “will”, “continue”, “confident” and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things: recommencing processing at the Burnaby refinery, importing refined fuels and supplying our retail and commercial locations.

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to, general economic, market and business conditions and the effects of the COVID-19 pandemic on economic, market and business conditions; the ability of suppliers and other counterparties to meet commitments; actions by governmental authorities and other regulators including but not limited to increases in taxes or restricted access to markets; changes and developments in environmental and other regulations; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described in “Forward-Looking Information” and “Risk Factors” included in Parkland’s Annual Information Form dated March 5, 2021, and “Forward-Looking Information” and “Risk Factors” included in the Q3 2021 MD&A dated November 2, 2021 and the Q4 2020 MD&A dated March 4, 2021, each filed on SEDAR and available on the Parkland website at www.parkland.ca. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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Parkland Announces US$500 Million Offering of Senior Unsecured Notes

CALGARY, AB, Nov. 8, 2021 /PRNewswire-HISPANIC PR WIRE/ – Parkland Corporation (”Parkland”, “we”, the “Company”, or “our”) (TSX: PKI) announced today that, subject to market and other conditions, it plans to commence a private offering of US$500 million aggregate principal amount of senior unsecured notes due 2030 (the “Offering”).

Parkland Logo

Parkland intends to use the net proceeds of the Offering, if completed, to redeem all of the outstanding $300 million aggregate principal amount of its 6.5% Senior Notes (the “6.5% Senior Notes”) with a final maturity date of January 21, 2027 and to repay a portion of the drawings under its revolving bank credit facility. Amounts repaid may be redrawn for general corporate purposes, including acquisitions and capital spending.  A redemption notice will be delivered by Parkland today for the 6.5% Senior Notes, and the redemption will be conditional on the completion of the Offering.

The notes will be offered and sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may be offered and sold outside the United States pursuant to Regulation S under the Securities Act. The notes have not been registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of the notes in any state, or jurisdiction in which such offer, solicitation, or sale would be unlawful. This announcement does not constitute a notice of redemption with respect to the 6.5% Senior Notes.

Forward-Looking Statements

Certain information included herein is forward-looking. Many of these forward looking statements can be identified by words such as “believe”, “expects”, “expected”, “will”, “intends”, “projects”, “projected”, “anticipates”, “estimates”, “continues”, “objective” or similar words and include, but are not limited to, statements regarding the size and terms of the Offering, whether the Offering will proceed, the use of proceeds of the Offering, the timing and successful completion of the Offering and statements regarding the redemption of the 6.5% Senior Notes. Parkland believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.

The forward-looking statements contained herein are based upon certain assumptions and factors including, without limitation: historical trends, current and future economic and financial conditions, and expected future developments. Parkland believes such assumptions and factors are reasonably accurate at the time of preparing this press release. However, forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. Such forward-looking statements necessarily involve known and unknown risks and uncertainties and other factors, which may cause Parkland’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward looking statements. Such factors include, but are not limited to, risks associated with: closing of the Offering and effecting the redemption of the 6.5% Senior Notes since it is conditional on closing of the Offering; failure to obtain any necessary consents and approvals required to complete the Offering; failure to complete the Offering and redemption; and general economic, market and business conditions; and other factors, many of which are beyond the control of Parkland.  There is a specific risk that Parkland may be unable to complete the Offering and the redemption in the manner described in this press release or at all. If Parkland is unable to complete the Offering and/or redemption, there could be a material adverse impact on Parkland and on the value of its securities.  See also the risks and uncertainties described in “Forward-Looking Information” and “Risk Factors” included in Parkland’s Annual Information Form dated March 5, 2021, and “Forward-Looking Information” and “Risk Factors” included in the Q3 2021 MD&A dated November 2, 2021 and the Q4 2020 MD&A dated March 4, 2021, each filed on SEDAR and available on the Parkland website at www.parkland.ca.

Any forward-looking statements are made as of the date hereof and Parkland does not undertake any obligation, except as required under applicable law, to publicly update or revise such statements to reflect new information, subsequent or otherwise. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

About Parkland Corporation

Parkland is a leading convenience store operator and independent supplier and marketer of fuel and petroleum products. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.

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Parkland announces date of 2021 Third Quarter Results and opens registration for its 2021 Investor Day

CALGARY AB, Oct. 14, 2021 /PRNewswire-HISPANIC PR WIRE/ – Parkland Corporation (”Parkland”, “we”, the “Company”, or “our”) (TSX: PKI) expects to announce its 2021 third quarter results after markets close on Tuesday, November 2, 2021. A conference call and webcast will then be held at 6:30 a.m. MDT (8:30 a.m. EDT) on Wednesday, November 3, 2021, to discuss the results.

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To listen to the live webcast and watch the presentation, please use the following link:

https://produceredition.webcasts.com/starthere.jsp?ei=1502999&tp_key=0713d330d0

Analysts and institutional investors interested in participating in the question-and-answer session of the conference call may do so by calling 1-888-390-0546 (toll-free) (Conference ID: 88891002). International participants can call 1-587-880-2171 (toll) (Conference ID: 88891002).

Please connect and log in approximately 10 minutes before the beginning of the call. The webcast will be available for replay two hours after the conference call ends at the link above. It will remain available for one year and will also be posted to www.parkland.ca.

Financial Statements and Management’s Discussion and Analysis will be posted to www.parkland.ca and SEDAR after the results are released.

2021 Investor Day – Registration is open

Parkland will host its 2021 Investor Day presentation on November 16, 2021 at 7:00 a.m. MDT (9:00 a.m. EDT). The event will be held at the Fairmont Royal York in Toronto, Ontario and simultaneously webcast with video for those unable to attend in person.

To ensure a safe and engaging in-person event, we will be following Ontario’s COVID-19 protocols, which include showing proof of vaccination, wearing face masks when not consuming food, and physical distancing.

Analysts and investors who wish to attend the event, either in person or remotely, are invited to register using the following link: https://parkland.fluid.events/ParklandInvestorDay

The event will include presentations from Parkland’s leadership team on our long-term growth and energy transition strategy, capital allocation and financial outlook.

About Parkland

Parkland is a leading convenience store operator and independent supplier and marketer of fuel and petroleum products. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.

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Ankura Appoints Fernando Batlle as First LATAM Chairman

Brings Wealth of Management Experience to Expansion Efforts in Latin America & the Caribbean

NEW YORK, Oct. 4, 2021 /PRNewswire-HISPANIC PR WIRE/ — Ankura Consulting, a global expert services and advisory firm, today announced the appointment of Fernando Batlle as the Firm’s first Chairman of its Latin America & Caribbean (LATAM) region. Mr. Batlle’s new position as LATAM Chairman underscores Ankura’s commitment to strengthening its presence in the region and to offering an expansive suite of solutions for clients across the world.

Ankura (PRNewsfoto/Ankura)

“We are thrilled to have an experienced executive like Fernando lead our growing LATAM team. This is a critically important region to many of our clients, and Fernando’s addition bolsters our ability to support them in the market,” said Ankura’s Chief Executive Officer, Kevin Lavin. “Fernando brings broad industry expertise complemented by a deep connection to and knowledge of the regional landscape, and truly embodies the collaborative culture at Ankura.”

Prior to his appointment as LATAM Chairman, Mr. Batlle served as a Senior Managing Director at Ankura and helped establish the Firm’s position in the turnaround and restructuring market. He holds three decades of leadership and executive experience in both the private and public sector, with a proven track record of executing turnarounds and growing businesses at high profile financial institutions. Mr. Batlle has provided strategic and financial advisory for the Government of Puerto Rico throughout the largest municipal bankruptcy in U.S. history. He has held senior leadership positions in commercial and investment banking, securities brokerage, asset management, and public finance. His multiple areas of expertise encompass financial services, energy, capital markets, public-private partnerships, implementation of performance improvement and major transformation initiatives and debt restructuring. He has extensive experience advising governments, state-owned entities, and businesses on strategic and financial matters from development of comprehensive financial plans to economic strategy, debt management strategy, and governance.

“I look forward to growing our team and presence in Latin America and the Caribbean so that we are optimally positioned to address the complex business and financial issues our current and prospective clients face in the region,” said Mr. Batlle. “I’m honored to assume this new position and to advance the Firm’s commitment to developing innovative solutions and driving impactful results for our clients’ continued success around the world.”

Mr. Batlle holds an MBA from Harvard Business School and a BS from Northeastern University.

About Ankura

Ankura Consulting Group, LLC is an independent global expert services and advisory firm that delivers services and end-to-end solutions to help clients at critical inflection points related to change, risk, disputes, finance, performance, distress, and transformation. The Ankura team consists of more than 1,500 professionals in 34 offices globally who are leaders in their respective fields and areas of expertise. Collaborative lateral thinking, hard-earned experience, expertise, and multidisciplinary capabilities drive results and Ankura is unrivaled in its ability to assist clients to Protect, Create and Recover value. For more information, please visit, www.ankura.com

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Wazzcards Launches Free Financial Literacy Program Targeting Black, Indigenous And Low-Income Communities

The Virtual Classroom will be offered in the Caribbean and North America

For Immediate Release

CaribPR Wire, Toronto, ON, Mon. August 16, 2021: Wazzio Inc. launches its new Financial Literacy WazzCards pilot program on Monday August 16th, 2021, for students in grades 5 to 8 for a two-week period. WazzCards is a real-time virtual classroom tool with teacher certified curriculum that drives engagement, participation and learning in children while empowering parents and teachers to support students right when there is an issue.

“We want to ensure students – especially those identified as at-risk in Black, Indigenous and low-income families or situations – don’t fall further behind.  With the disruptions due to Covid-19 and now summer, it is even more critical to keep kids actively engaged in learning in a way that will bolster their education and spark their interest,” explains Wazzio CEO Cher Grant.

The Financial Literacy WazzCards classroom can be accessed via Zoom and there will be a total of 8 classes capped at 30 students each.

WazzCards is a multiple-choice deck content created by certified teachers that allows a real-time view of your virtual classroom and can also be used for in-class learning. Both ways offer a fun, engaging way for the teacher or parent to see how each child responds to and works with the selected deck’s questions without any lag time. WazzCards covers core curriculum subjects such as Math, Science, History and Language, however Cher’s push to have financial literacy at the forefront is a purposeful one.

“By including financial literacy in the WazzCard tool we have been able to provide a way for young learners to develop a foundational understanding of money and finance and for parents to practically prepare their children for a successful future by laying the groundwork for strong financial habits that will last them a lifetime,” Grant added.

Wazzio Inc. is also looking for volunteer Ontario Certified teachers to be a part of the pilot program. Click here for students or parents to book a financial literacy class.

For more info: wazzcards.com | Instagram | LinkedIn

Wazzio Inc was founded in 2013 with a commitment to facilitate ease of access to the information and services people need and use in every facet of life, from business, social and leisure to education. Focusing on mobile technology solutions, consumer solutions and EdTech, Wazzio simplifies the process of consuming, sharing and learning anytime, anywhere.  Wazzio Inc. is certified by Women Business Enterprises Canada (WBE Canada) and conducts business in Canada and the United States.

To Book Interviews with Wazzio CEO Cher Grant Contact:

Janice James-Brown |FKB Media Solutions | media@fkbmedia.com


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Parkland appoints Angela John and Richard Hookway to its Board of Directors

CaribPR Wire, CALGARY, Alberta, Aug. 05, 2021: Parkland Corporation (”Parkland”, “we”, the “Company”, or “our”) (TSX:PKI) today announced the appointment of Angela John and Richard Hookway to Parkland’s Board of Directors (the “Board”), effective today.

“We are delighted to welcome Angela and Richard to our Board of Directors,” said Jim Pantelidis, Chairman of the Board. “Collectively, they bring extensive global experience in supply, low carbon technologies and in creating value across the entire downstream value chain. We expect our Board and Parkland’s shareholders will benefit greatly from their contributions.”

Angela John currently serves as Director, New Energy Ventures with Williams where she develops and implements clean energy strategies for renewables, emerging technologies, and carbon markets. Previously, Angela spent 27 years with BP including 19 years in the global supply and trading organization focusing on renewable fuels and energy markets. She held a variety of leadership roles, including Senior Vice President Marketing and Origination and Vice President Marketing and Supply. Angela has a Master of Business Administration from Northwestern’s Kellogg School of Management and a Bachelor of Science in Chemical Engineering from the University of Houston.

Richard Hookway is a highly experienced executive and Board Director who is currently a non-executive member of the Supervisory Board at Royal Vopak N.V. Previously, Richard was Chief Executive Officer of the global business division of Centrica plc, and an executive member of the Centrica plc Board. In addition, Richard spent 35 years with BP in a variety of global leadership roles including Chief Executive Officer of their Natural Gas Liquids and Commercial and Industrial businesses, and Chief Financial Officer for their Downstream and Petrochemical businesses. Richard has a Master of Science in Management from Stanford University and a Bachelor of Science in Mathematics from the University of Manchester.

About Parkland Corporation
Parkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.

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ibex Takes Firm Hold of BPO Industry Leadership in Jamaica – Opens its Fifth Site in Five Years

Company Leverages Jamaica to Accelerate Technology-Driven Job Growth and Strengthen its Base of Digitally-Enabled Blue Chip and New Economy Clients

New ibex Jamaica Customer Experience Delivery Center
ibex opens its Campus delivery center, its fifth location in Jamaica in five years.

CARIBPR WIRE, WASHINGTON, Aug. 02, 2021: ibex (NASDAQ: IBEX), a global leader in business process outsourcing (BPO) and end-to-end customer engagement technology solutions, today announced the opening of its new Campus location in the Sunshine City area of Portmore, Jamaica. The new facility will create 1,300 digitally-enabled jobs, bringing the company’s total employment on the island to more than 6,500 people.

“The tremendous growth being fueled by increased client demand, technology innovation and new wins with Blue Chip and New Economy customers has helped us create more than 1,500 jobs in Jamaica this year alone and placed the island at the center of the BPO 2.0 revolution,” said Jaime Vergara, senior vice president and Jamaica country manager, ibex.

“Not only has our growth accelerated economic development across Jamaica, but we are further positioning the country as a global shared services hub that is digitally transforming our clients’ customer experiences,” Vergara added.

Since opening its first site in 2016, ibex has invested more than $50M USD capital in Jamaica, increased employment from 200 jobs to more than 6,500, and enhanced the overall health and quality of life for its employees by investing more than $40M USD in annual salaries. With the opening of Campus, ibex now has a total of more than 5,000 seats in Jamaica across its five facilities in Ocho Rios, Portmore, and Kingston.   More than 500 of these positions will be utilized to support ibex’s rapid growth in the company’s insurance sector.

ibex is currently hiring both on-site and work-at-home positions with plans for additional growth by the end of 2021, this includes new job creation to address the company’s staff augmentation efforts for IT outsourcing (ITO) services.

The company will leverage its Wave X technology suite to quickly ramp agent proficiency and accelerate its speed-to-green delivery operations. This includes deploying ibex Training Simulator, a virtual solution designed to accelerate agent learning and enhance customer engagement across digital and traditional communication channels. The company will also leverage the ibex Work@Home technology suite to drive cost savings, accelerate productivity and enhance the customer experience (CX) for clients, while providing agents the ability to work at maximum efficiency regardless of location.

About ibex
ibex delivers innovative business process outsourcing (BPO), smart digital marketing, online acquisition technology, and end-to-end customer engagement solutions to help companies acquire, engage, and retain valuable customers. Today, ibex operates a global contact center of scale consisting of 31 operations facilities around the world, while deploying next-generation technology to drive superior customer experiences for many of the world’s leading companies across retail, e-commerce, healthcare, fintech, utilities and logistics.

ibex leverages its diverse global team of over 24,000 employees together with industry-leading technology, including its Wave X technology platform, to manage over 100 million critical customer interactions and driving a truly differentiated customer experience.  To learn more, visit our website at ibex.co and connect with us on LinkedInFacebook and Twitter.

A photo accompanying this announcement is available HERE


ibex toma control del liderazgo del sector de externalización de procesos de negocios (BPO) en Jamaica - Abre su quinto sitio en cinco años

La empresa aprovecha su presencia en Jamaica para acelerar el aumento de empleos orientados a la tecnología y fortalecer su base de clientes digitalmente habilitados de Blue Chip y New Economy

CARIBPR WIRE, WASHINGTON, Aug. 02, 2021: – IBEX (NASDAQ: IBEX), un líder mundial en externalización de procesos de negocios (BPO) y soluciones de tecnología de participación del cliente de punto a punto, anunció hoy la apertura de su nuevo campus localizado en el área de Sunshine City de Portmore, Jamaica. La nueva instalación creará 1.300 empleos habilitados digitalmente, sumando el total de empleos de la empresa en la isla a más de 6.500 personas.

“El enorme crecimiento impulsado por el aumento de la demanda de los clientes, innovación tecnológica y nuevos éxitos con los clientes de Blue Chip y New Economy nos ayuda a crear más de 1.500 empleos en Jamaica solo este año y posicionó a la ista en el centro de la revolución de BPO 2.0″, dijo Jaime Vergara, vicepresidente senior y gerente de país de Jamaica, IBEX.

“Nuestro crecimiento además de acelerar el desarrollo económico en toda Jamaica, también posiciona aún más al país como un centro global de servicios compartidos que transforma de forma digital las experiencias de consumo de nuestros clientes”, agregó Vergara.

Desde la apertura de su primer sitio en 2016, ibex invirtió más de $ 50 millones en capital en Jamaica, aumentó el empleo de 200 a más de 6.500 puestos, y mejoró la salud y calidad de vida en general de sus empleados con una inversión de más de $ 40 millones en salarios anuales. Con la apertura del Campus, el IBEX hoy cuenta con un total de más de 5,000 puestos en Jamaica en sus cinco instalaciones en Ocho Ríos, Portmore y Kingston.   Más de 500 de estas posiciones se utilizarán para apoyar el rápido crecimiento de IBEX en el sector de seguros de la empresa.

iBEX actualmente está contratando para posiciones tanto en las instalaciones como para trabajar en el hogar con planes de crecimiento adicional para finales de 2021, esto incluye la creación de nuevos empleos para abordar los esfuerzos de aumento de personal de la empresa para servicios de externalización de TI (ITO).

La empresa aprovechará su conjunto de tecnología Wave X para aumentar rápidamente la capacidad del agente y acelerar sus operaciones de entrega de velocidad verde. Esto incluye la implementación de ibex Training Simulator (simulador de capacitación), una solución virtual diseñada para acelerar el aprendizaje de los agentes y optimizar la participación del cliente a través de canales de comunicación digitales y tradicionales. La empresa además aprovechará el conjunto de tecnología ibex Work@Home para impulsar ahorro de costos, acelerar la productividad y optimizar la experiencia del consumidor (CX) para los clientes, mientras que ofrece a los agentes la capacidad de trabajar con máxima eficacia independientemente de la localización.

Acerca de Ibex
IBEX ofrece externalización de procesos de negocios (BPO) innovadores, marketing digital inteligente, tecnología de adquisición en línea y soluciones de participación del cliente de extremo a extremo para ayudar a las empresas en la adquisición, participación y retención de clientes valiosos. Hoy, ibex opera un centro de contacto global de escala que consiste de 31 instalaciones de operaciones en todo el mundo, al mismo tiempo que implementa tecnología de última generación para impulsar experiencias de clientes superiores para muchas de las empresas líderes mundiales en los sectores minorista, comercio electrónico, atención médica, tecnología financiera (fintech), servicios públicos y logística.

ibex aprovecha su diverso equipo global de más de 24.000 empleados junto con tecnología líder en el sector, incluida su plataforma tecnológica Wave X, para la gestión de más de 100 millones de interacciones decisivas con los clientes e impulsar una experiencia de cliente verdaderamente diferenciada.  Para más información, visite nuestro sitio web ibex.co y conéctese con nosotros en LinkedInFacebookTwitter.

Una foto asociada con este comunicado de prensa está disponible HERE

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Parkland Corporation Announces Date of 2021 Second Quarter Results

CaribPR Wire, CALGARY, Alberta, July 22, 2021: Parkland Corporation (“Parkland”) (TSX:PKI) expects to announce its 2021 second quarter results after markets close on Thursday, August 5, 2021. A conference call and webcast will then be held at 6:30 a.m. MDT (8:30 a.m. EDT) on Friday, August 6, 2021, to discuss the results.

To listen to the live webcast and watch the presentation, please use the following link:
https://produceredition.webcasts.com/starthere.jsp?ei=1481382&tp_key=85182819cb

Analysts and institutional investors interested in participating in the question and answer session of the conference call may do so by calling 1-888-390-0546 (toll-free) (Conference ID: 18980971). International participants can call 1-587-880-2171 (toll) (Conference ID: 18980971).

Please connect and log in approximately 10 minutes before the beginning of the call. The webcast will be available for replay two hours after the conference call ends at the link above. It will remain available for one year and will also be posted to www.parkland.ca.

Financial Statements and Management’s Discussion and Analysis will be posted to www.parkland.ca and SEDAR after the results are released.

About Parkland
Parkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.

Click Here for More Information »

CritiComms Inc., powered by ESChat technology is launching Advanced Push To Talk over Cellular (PoC) service for Latin America

Push To Talk is roaring back in Latin America. Investments estimated at Near 2 billion dollars are foreseen for the next 3 years

The new reseller will offer service in Argentina, Chile, Uruguay, Peru, Ecuador, Paraguay, Bolivia, Central America and the Caribbean.

Former executives of Nortel, Motorola and KodiakNetworksare on the board of the new company, which will bring broadband solutions for critical instant communications to the region

New Push To Talk service has been developed for operations over broadband cellular networks. The key sectors: government, defense, mining, security, health, hospitality, transport, construction, logistics, among others

MIAMI, July 22, 2021 /PRNewswire-HISPANIC PR WIRE/ – The company CritiComms Inc., has launched Push-to-Talk over Cellular (PoC) service in the LATAM and Caribbean regions. The CritiComms service aims to fill the demand left unattended by the shut down of iDEN platforms in the regions. With a more secure and advanced network architecture, CritiComms Inc. PTT increases the intelligence and productivity of work teams and offers total flexibility, since they work on multiple wireless networks (and provide freedom in the choice of operators and devices. The PoC solutions of CritiComms Inc., are not exclusive to any operator or any cellular technology.

Juan Luis Gutiérrez, CEO of CritiComms Inc., said: “Broadband solutions for critical PTT communications are an excellent opportunity for enterprises, government entities, public security and other sectors, as the investments do not demand new networks, but are integrated into existing ones.” The new company has already begun to deploy service powered by ESChat technology. Gutiérrez, former VP of Nortel and Motorola, assumed responsibility for the Caribbean and Latin America to deploy the Advanced Push To Talk over Cellular (PoC) applications.

ESChat is a market leader is advanced Push-to-Talk solutions in North America, where it offers a carrier agnostic and FirstNet Certified solution. FirstNet; born after September 11, 2001, to address the needs of public safety agencies has the ability to prioritize communications to these most demanding sectors and unify all networks simultaneously.

ESChat offers service for customers on all North American wireless carriers, and is the primary PTT solution for T-Mobile and Telus.  ESChat is used by a majority of departments within the US federal government..  “We are pleased to have CritiComms Inc. as a partner for the region where we expect strong adoption and success,” commented ESChat CEO, Josh Lober.

CritiComms Inc. provides maximum performance service without borders or limitations to the sectors that most demand these technologies: public and private security, government, health, hospitality, logistics, transport, construction and mining.

There is unsatisfied demand in Latin America due to the shutdown of the iDEN PTT networks. CritiComms Inc.’s critical instant communications solutions target this market.

The global PTT market is US 25B and it is estimated that, by 2024, it will be US 38B. Latin America would have about 10% of that market with a cumulative annual growth of more than 13.3%.  Criticomms Inc. Advanced PoC solutions work with most Android and iOS smartphones, iPads, tablets and Windows PCs.  The solutions can also work with rugged, purpose-built terminals according to the needs of the customers. Implementations are deployed jointly between CritiComms Inc., a chosen wireless operator and the customer, to create a solution tailored to each customer.

About CritiComms Inc. “powered” by ESChat
Regional leader in instant critical communications

Our Advanced Push-to-Talk over Cellular (PoC) service platform was developed by ESChat to meet the demanding needs of U.S. military contractors. Approved by the DISA (Defense Information System Agency) and FirstNet Certified, ESChat is the leader in the North American PTT market, and is now available in Caribbean and Latin America from CritiComms Inc. The Advanced Over-The-Top (OTT) PoC implementations of CritiComms Inc. provides total flexibility and an optimal experience of functionalities to our customers.   The CritiComms service works across multiple wireless networks, providing freedom in the choice of operators and devices. CritiComms Inc. Advanced OTT PoC systems provide strong end-to-end encryption with maximum security and compatibility with all radio networks.

Learn more at: www.criticomms.net

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Regus opens its first location in the Cayman Islands

ZUG, Switzerland, July 1, 2021 /PRNewswire/ — Global leader in flexible workspace solutions, International Workplace Group has opened its first property in the Cayman Islands.

Located in the capital George Town just five minutes from George Town Cruise port, the Regus centre opened to an event attended by the territory’s premier Wayne Panton, tourism minister Kenneth Bryan as well as members of senior government, the Chamber of Commerce, and business leaders from around the region.

Designed to serve local enterprises and entrepreneurs, Regus provides flexible workspace solutions for modern-day businesses, which, in tandem with government initiatives such as the Global Citizen Concierge Programme – a campaign to attract digital nomads to the territory – provide a springboard for growth and business development.

“The appetite for flexible, co-working spaces was growing in Cayman pre-COVID and the pandemic has only increased demand now that work habits have changed significantly. There is also a clear international demand from those who wish to take advantage of the Regus network and the Government’s Global Citizen Concierge Program, and we’ve been delighted to welcome several new members who seek a professional and flexible workspace under this initiative,” says Sophia List, Client Relationship Officer of the Regus Cayman location.

IWG has been at the fore of global workspace solutions for more than 30 years, with 2021 serving as a record year for the company, which added half a million users to its network in just the first quarter. The pandemic has had a dramatic impact on the way people work, with companies of all sizes indicating that hybrid work is here for the long term.

The addition of the Regus centre in George Town demonstrates the workplace provider’s investment in Grand Cayman’s capital, a move that will promote the brand’s expansion throughout the Caribbean, adding to locations in Jamaica, Barbados, Trinidad and Tobago.

About Regus

Regus is the world’s largest provider of flexible workspaces with an unrivaled network of offices, co-working, and meeting spaces that companies can use around the world. It is an infrastructure that supports all business opportunities – a global infrastructure built for businesses. The Regus network of workspaces allows companies to operate anywhere, with no set-up costs or capital investment. It offers customers immediate cost benefits and the ability to fully outsource their real estate portfolio.

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