Posts Tagged ‘Caribbeanbusiness’

Flex Seal Expands Retailers in the Caribbean

WESTON, Fla., May 3, 2022 /PRNewswire-HISPANIC PR WIRE/ – The global Flex Seal® Family of Products is filling gaps, cracks and holes across the Caribbean. And many of their products are now available at a variety of retailers in Barbados, Bermuda, Guyana, Puerto Rico, Trinidad and Tobago, and St. Lucia.

Available products include Flex Seal, Flex Tape®, Flex Glue®, Flex Seal Liquid®, Flex Shot® and the Flex Seal Mini® products, each in a variety of their respective colors. These products are available at over 30 locations in-store and on some websites.

“The whole Flex Seal Family joins me in the excitement of this new opportunity and growth for our company,” said Phil Swift, CEO, Inventor and Spokesperson. “We are proud to partner with these new retailers and expand our offering of products to more countries globally.”

It’s important to protect your home and property during the storm season, and The Flex Seal Family of Products is there for you. Each product is useful for a variety of fixes and weatherizing around the home.

About The Flex Seal Family of Products
Swift Response, LLC is the distributor and marketer of The Flex Seal® Family of Products. Founded in 2011, the company provides a variety of DIY home repair and maintenance products specializing in waterproofing, adhesive, bonding and sealing.

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ibex Cares: Jamaica Team Raises $1 million JMD to Help Coworker

CaribPR Wire, PORTMORE, Jamaica, April 27, 2022: ibex (NASDAQ: IBEX), a leading global provider of business process outsourcing (BPO) and customer engagement technology solutions, today announced its team in Jamaica raised $1 million JMD to help pay for new prosthetic legs for teammate Charmonique Willis. Willis lost her legs when she was two years old and needs new prosthetics.

“I would like to thank ibex and all my co-workers for this wonderful gift,” said Willis. “This company treats you like family. I love and appreciate ibex for all they have done.”

In addition to raising funds to help Willis, ibex is committed to the fight against breast cancer and plans to make a donation to the Jamaica Cancer Society later this year. The company also supports local children’s homes across the island and has donated educational tablets to various schools.

“We are all so proud of our team here in Jamaica for their overwhelming compassion and generosity for our dear friend and colleague, Charmonique,” said Jaime Vergara, SVP and Country Manager, ibex. “ibex cares about our people and has a long history of giving to help support the communities where they live and work.”

ibex is the leading BPO in Jamaica with six facilities, including Ocho Rios, Portmore and Kingston, and is growing across multiple vertical markets, such as travel and hospitality, insurance, finance, retail, and others. This growth is helping to further reinforce Jamaica’s position as a global shared services hub that is digitally transforming our clients’ customer experience.

ibex recently celebrated the 5th anniversary of ibex Cares, its philanthropic program that supports local communities where the company operates. This year, the program will be responsible for giving more than $250,000 in donations to local charities and causes.

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 CX delivery center model consisting of 34 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 30,000 employees together with industry-leading technology, including its Wave X platform, to manage nearly 200 million critical customer interactions, adding over $2.2B in lifetime customer revenue each year and driving a truly differentiated customer experience. To learn more, visit our website at ibex.co and connect with us on LinkedIn.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6ea21bb9-516e-4f09-9b21-bd51850514a8

ibex Cares: Equipo de Jamaica recauda $ 1 millón de JMD para ayudar a compañera de trabajo

CaribPR Wire, PORTMORE, Jamaica, April 27, 2022: – ibex (NASDAQ: IBEX), un proveedor líder mundial de externalización de procesos de negocios (BPO) y soluciones de tecnología de participación del cliente, anunció hoy que su equipo en Jamaica recaudó $ 1 millón de dólares jamaiquinos (JMD) para ayudar a pagar las nuevas prótesis de piernas para su compañera de equipo, Charmonique Willis. Charmonique perdió las piernas cuando tenía dos años y necesita nuevas prótesis.

“Me gustaría agradecer a ibex y a todos mis compañeros de trabajo por este maravilloso regalo”, dijo Charmonique. “Esta empresa te trata como familia. Quiero y aprecio a ibex por todo lo que han hecho”.

Además de recaudar fondos para ayudar a Willis, ibex mantiene su compromiso con la lucha contra el cáncer de mama y planea hacer una donación a la Jamaica Cancer Society a finales de este año. La empresa también apoya hogares infantiles locales en toda la isla y donó tabletas educativas a varias escuelas.

“Todos estamos muy orgullosos de nuestro equipo aquí en Jamaica por su abrumadora compasión y generosidad para nuestra querida amiga y colega, Charmonique”, dijo Jaime Vergara, vicepresidente sénior y gerente de país de ibex. “ibex se preocupa por nuestra gente y tiene una larga historia de donaciones para ayudar a apoyar a las comunidades donde viven y trabajan”.

ibex es el BPO líder en Jamaica con seis instalaciones, incluyendo Ocho Ríos, Portmore y Kingston, y está creciendo en varios mercados verticales, como viajes y hospitalidad, seguros, finanzas, minorista y otros. Este crecimiento ayuda a reforzar aún más la posición de Jamaica como un centro global de servicios compartidos que está transformando de forma digital la experiencia de consumo de nuestros clientes.

ibex recientemente celebró el quinto aniversario de ibex Cares, su programa filantrópico que apoya a las comunidades locales donde opera la empresa. Este año, el programa se encargará de entregar más de $ 250,000 en donaciones a organizaciones benéficas y causas locales.

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 modelo de centro de entrega de experiencia del cliente (CX) global que consiste de 34 instalaciones de operaciones en todo el mundo, al mismo tiempo que implementa tecnología de última generación para promover experiencias superiores para el cliente 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 30.000 empleados junto con tecnología líder en el sector, incluyendo su plataforma Wave X, para la gestión de cerca de 200 millones de interacciones críticas con clientes, añadiendo más de $2.2 mil millones en ingresos vitalicios de clientes cada año e impulsando una experiencia de cliente verdaderamente diferenciada. Para más información, visite nuestro sitio web ibex.co y comuníquese con nosotros en LinkedIn.

Una foto adjunta a este comunicado de prensa está disponible en https://www.globenewswire.com/NewsRoom/AttachmentNg/6ea21bb9-516e-4f09-9b21-bd51850514a8


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Caribbean Employment Services Enhances its Recruitment Advertising Solutions to Help Employers Find Top Talent

BRIDGETOWN, Barbados, March 10, 2022 /PRNewswire-HISPANIC PR WIRE/ — Since its launch two years ago, Barbados-based Caribbean Employment Services has been helping employers recruit for positions in the Caribbean through their cost-effective online job board.

Caribbean Employment Services’ forward-thinking approach to advertising vacancies has seen it quickly become one of the market-leading recruitment advertising specialists in the Caribbean.

Combining its specialist experience with a proactive and responsive approach to recruitment advertising, the company has introduced two new recruitment advertising solutions.

Developed to help HR Directors, Managers and Recruitment Agencies attract the best talent to the Caribbean-based roles in their businesses, Optimal Recruitment Advertising Campaigns and Recruitment Partner Programmes are customised campaigns to meet monthly or annual recruitment needs.

Optimal Recruitment Advertising Campaigns use from the latest, cutting-edge search technology and proven marketing activities to attract the best candidates to your roles, including social media marketing through Twitter, Facebook and LinkedIn.

Caribbean Employment Services’ team of experts works with clients on their Recruitment Partner Programmes to develop trackable campaigns that include Cost per Click, Cost per Applicant and PR campaigns through news channels, including press release distribution, ensuring that employers stand out amongst other businesses.

Employers on the Recruitment Partner Programme benefit from publication in Caribbean Employment Services’ widely distributed and popular news articles, as well as press releases written and distributed through their PR team, ensuring even wider exposure for their recruitment campaigns.

Joseph Boll, CEO at Caribbean Employment Services, said “We’re delighted to be in a position to offer two new recruitment advertising solutions, developed specifically for our clients who need to find the very best talent for their roles in the Caribbean quickly and efficiently.”

Contact Details:
Caribbean Employment Services
Phone:            (1 246) 537-0395
Email:             hello@caribbeanemployment.com
Website:         https://caribbeanemployment.com/

Notes to Editors:

  1. Further information and images are available on request.
  2. Caribbean Employment Services is one of the market-leading and most cost-effective recruitment advertising specialists in the Caribbean.
  3. It offers a range of proven recruitment advertising solutions for clients with Caribbean-based roles, including an Online Job Board, Optimal Recruitment Advertising Campaigns and Recruitment Partner Programmes.
  4. For further information on Caribbean Employment Services, please visit https://caribbeanemployment.com/
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Mastercard And GCS International Strengthen Their Alliance To Build Financial Inclusion In Jamaica

CARIBPR Wire, Kingston, Jamaica, Mon. February 7, 2022: Mastercard and GCS International, a leading regional fintech based in the Dominican Republic, today extended their partnership to develop and deliver digital payments solutions to underserved consumers across the Caribbean. This partnership builds on the collaborative work already underway in the Dominican Republic and expands to include solutions in Jamaica.

The partnership will strengthen the economic growth potential in the Caribbean, providing the underserved population with a simple and secure real-time payment solution. Financial institutions will be provided with a white label mobile wallet solution, including Mastercard prepaid cards for international use, providing end users with innovative and enhanced payment options in line with market trends. The initiative demonstrates how technology can be harnessed to accelerate financial inclusion and give people more control, better banking experiences, and a wider range of payment choices.

During the signing of the agreement, Carlo Enrico, president of Mastercard’s Latin America and Caribbean region, highlighted: “Mastercard is committed to delivering a digital economy that works for all. As the fintech landscape evolves at an unprecedented speed, Mastercard provides the infrastructure and assets to help fintechs grow and attract more people to the digital economy. We look forward to collaborating with the GCS International team through this next stage of growth and provide the solutions that will drive financial inclusion at scale.”

At the same time, Brian Paniagua, CEO of GCS International expressed: “Our company has provided friction-less PFM (personal finance management) tools and solutions to consumers creating value for individuals and their societies in Guatemala and the Dominican Republic, and in the near future, Jamaica. This strategic alliance with Mastercard is a natural evolution in the industry goal towards achieving the financial inclusion of more countries in the Caribbean and capitalizes on GCS’ proven track record ability to apply leading technology to the financial industry in benefit of those who need it most. We look forward to expand this alliance in a near future to other countries in Central America as well.”

GCS International is a leading fintech in the Dominican Republic specialized in cutting-edge technology within the payments industry, focused on the development of mobile solutions key to people’s needs such as transfers between accounts, payment of basic services, loan payments, among others.

Mastercard will continue to advance equitable and sustainable economic growth and financial inclusion around the world through a broad range of efforts. Last year, the company announced the expansion of its worldwide commitment to financial inclusion by pledging to bring a total of 1 billion people and 50 million micro and small businesses into the digital economy by 2025.

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About Mastercard (NYSE:MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all. www.mastercard.com.

About GCS International

GCS International is a FinTech committed to promoting digital transformation in Latin America and the adoption of new alternative channels, promoting greater access to financial services through innovative digital technologies. They believe in generating a positive social impact that meets high social, environmental and community standards by providing new platforms for inclusion and prosperity.

www.gcs-international.com

EDITOR’S NOTE: ACCESS PHOTO FOR USE WITH THIS ARTICLE HERE

CAPTION: L – r: Brian Paniagua, CEO of GCS International; Carlo Enrico, president of Mastercard for Latin America and the Caribbean; Marcelo Tangioni, Caribbean Division President, Mastercard.

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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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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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Channel Capital Cayman adds new Director to its Governance Team

SYDNEY and GEORGE TOWN, Grand Cayman, June 23, 2021 /PRNewswire-HISPANIC PR WIRE/ — Channel Capital Cayman, a subsidiary company of Channel Capital Group (Channel), today announced the expansion of its Cayman team with the appointment of Carl Brenton as Director.

Carl Brenton, Director, Channel Capital Cayman

Channel Capital Cayman provides a high quality governance framework service to investment funds domiciled in the United States, Cayman Islands and other offshore financial centres. The business was established to leverage the deep and specialised experience of its team, and to provide ongoing compliance with regulatory obligations through a trusted and highly personalised independent director service.

As an experienced independent director, Carl has been providing fund governance and related services to a variety of offshore investment funds since 2016. Prior to joining Channel Capital Cayman, Carl served as the Head of Fund Services at both Catalyst Fund Administration and Intertrust Corporate Services where he oversaw the groups’ fund administration business in the Cayman Islands. Carl was a senior manager at Citco Fund Services (Cayman Islands) from 2005 to 2016 after working as a financial controller and public accountant since 1996.

The Cayman Islands is a world leader in the establishment of offshore funds due to its tax-neutrality, stable economy, sophisticated banking sector and professional financial service industry. Approximately 70% of non-US domiciled alternative investment funds managed by US SEC-registered advisors are domiciled in the Cayman Islands.

“We are pleased to have Carl join the business” said Mark Cook, Executive Director, Channel Capital Cayman. “Carl is very experienced in the alternative funds environment. He will add depth to our governance platform and will work closely with our clients to help them navigate the ever-changing and complex regulatory environment.”

Director at Channel Capital Cayman, Carl Brenton, said: “I am very pleased to be joining Mark and the rest of the Channel team. Mark and I previously worked together from 2005-2008 and it’s great to have the opportunity to join forces again. We are looking forward to leveraging off the strengths of the broader Channel Capital team to grow the business here in Cayman.”

-End-

About Channel Capital

Established in 2013, the Channel Capital Group has 32 employees across Sydney, Brisbane, Melbourne, New York and Grand Cayman, and currently partners with ten investment management firms. Channel provides incubation, distribution, operational and responsible entity services to a select group of global investment management firms. The Group comprises subsidiary companies; Channel Investment Management Limited, Channel Capital Cayman, and Eolas Capital LLC. Channel Capital is supported by financial partner, Kudu Investment Management LLC. https://www.channel.capital

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Hamilton Reserve Bank, Hometown Bank of Alexander Hamilton, Exclusively Sponsors Nevis Kite Flying Competition on Good Friday

JESSUPS ESTATE, Nevis, March 30, 2021 /PRNewswire-HISPANIC PR WIRE/ — HAMILTON RESERVE BANK (www.hrbank.com), the hometown bank of Alexander Hamilton, announces exclusive sponsorship of the annual Nevis Kite flying competition in the Covid-free Nevis, organized by the Nevis Island Administration (NIA) government.

Hamilton Reserve Bank lends its support to the local community as part of the Bank’s longstanding Diversity and Community Enrichment program.

The Nevis Kite Flying event will take place on Good Friday, April 2nd. Historically, many residents and families participate in the annual event. During the Covid pandemic, St. Kitts & Nevis has maintained Covid-free due to prudent government policies.

Hamilton Reserve Bank combines powerful modern banking with the cherished values of Alexander Hamilton, a Founding Father of America. As the largest global bank in the entire region with worldwide customers, Hamilton Reserve Bank has a “fortress” balance sheet, pristine regulatory history, and a rapidly expanding customer base from more than 150 countries, delivering efficient services in 10 different currencies to clients that include large institutions, individuals, businesses, and ultra-high-net-worth family offices seeking reliable banking and investment solutions.

About HAMILTON RESERVE BANK

HAMILTON RESERVE BANK (www.hrbank.com) is a fully regulated global bank (SWIFT: NIBTKNNE) with a deep British heritage. Powered by advanced modern banking technology, the Bank offers personal banking, business banking, and investment solutions in 10 different currencies across 150+ countries, serving a large, rapidly expanding worldwide clientele. The Bank has a “fortress” balance sheet, zero customer loan exposure, pristine compliance history, an exceptional CET1 capital ratio, strong customer privacy protection, speedy client onboarding, and 24/7 mobile banking. The Bank’s independent asset management affiliate is regulated by the U.S. SEC, which advises the Morningstar 5-Star rated, New York Stock Exchange listed Volshares Large Cap ETF (NYSE stock symbol: VSL), a top 1% performer three years in a row. Hamilton Reserve Bank engages in four areas: Banking, Trust & Escrow, Capital Markets, and Asset Management. Headquartered on a large bank compound at the Hamilton Reserve Bank Plaza in St. Kitts & Nevis, Alexander Hamilton’s birthplace and a thriving British Commonwealth nation, Hamilton Reserve Bank is the largest global bank in the region, maintaining worldwide offices and global customer support.

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Government of St. Kitts and Nevis, SKELEC and Leclanché Commence Construction of Caribbean’s Largest Solar Generation and Storage System

Innovative, fully integrated solar photovoltaic generation and lithium-ion battery energy storage system, will displace 30-35% of the islands’ diesel-generated baseload power

Sustainable microgrid system to reduce CO2 emissions by more than 740,000 metric tons over 20 years

BASSETERRE, Saint Kitts and Nevis and YVERDON-LES-BAINS, Switzerland, Dec. 10, 2020 /PRNewswire-HISPANIC PR WIRE/ – The Government of St. Kitts and Nevis, the state-owned St. Kitts Electric Company (SKELEC) and Leclanché SA (SIX: LECN) today broke ground on a landmark solar generation and storage project that will provide between 30-35% of St. Kitts baseload energy needs for the next 20-25 years while reducing carbon dioxide emissions by more than 740,000 metric tons.

Leclanche logo

The $70 million microgrid project is being built by Leclanché, one of the world’s leading energy storage companies, which will serve as the prime engineering, procurement and construction (EPC) contractor.   Leclanché will provide a turnkey solar plus storage solution together with its main subcontractor Grupotec, headquartered in Valencia, Spain, an experienced engineering and construction firm and leader in the photovoltaic energy sector. Leclanché will own and operate the facility under its strategic build, own and operate model through its SOLEC Power Ltd subsidiary with partner Solrid Ltd.

Construction and start-up will take approximately 18 months. The project consists of a fully integrated 35.7 MW solar photovoltaic system (solar field) and a 14.8 MW / 45.7 MWh lithium-ion battery energy storage system (BESS) utilizing Leclanché’s proprietary energy management system software. Upon completion, the St. Kitts project will be the largest solar generation and energy storage system in the Caribbean and a model for other island nations worldwide. In its first year of operation, the system will generate approximately 61,300 MWh of electricity with a 41,500 metric ton reduction of CO2 emissions.

“Today’s groundbreaking marks a significant milestone for our citizens, tourist economy, our broader business community and indeed the entire Caribbean region, despite the delays caused by COVID-19,” said Dr. Honorable Timothy Harris, St. Kitts and Nevis Prime Minister.“This visionary project will help secure our energy independence, provide long-term price stability and reduce our reliance on diesel fuel.”

“The amount of carbon dioxide emissions we will reduce – nearly three quarters of a million metric tons over 20 years – is a significant demonstration of our strong policy for clean, renewable energy. We invite our Caribbean neighbors – and island communities around the world – to consider joining us in a commitment to a sustainable energy future for our children and generations to come,” said Harris.

Very Beneficial Use of Government-owned Land:
The project is being built in St. Kitts’ Basseterre Valley on a 102-acre plot of government-owned land adjacent to the current SKELEC power station and next to the thriving capital city of Basseterre, the heart of the country’s economic region.

The land, which was once used for sugar cane production but has been idle for years, was leased to Leclanché by the Government of St. Kitts and Nevis under a 20-year agreement with an automatic five-year renewal. Environmental Impact Assessment and geotechnical analysis were successfully completed in 2019, demonstrating the renewable energy project will bring a positive impact to the Basseterre Valley.

Novel “No Capital Outlay” Arrangement with St. Kitts
“SKELEC has been working closely with Leclanché for nearly two years now developing a state-of-the-art and highly sustainable energy production and storage system to serve our citizens,” said Honorable Shawn Richards, Deputy Prime Minister Public Infrastructure, Post and Urban Development. “St. Kitts residents will enjoy energy price stability for a generation while benefitting from cleaner air and water.”

“We set out to create a model solar energy production and storage system here for SKELEC that generates long-term financial and environmental benefits for the utility and its customers without SKELEC having to make a costly up-front investment,” said Anil Srivastava, CEO, Leclanché“Together, we have designed a system whose construction and ongoing energy production will be paid for over time from the sale of clean and reliable solar energy. We are pleased to have accomplished both objectives while developing a project financeable by well-established institutional investors.”

Clean, renewable energy produced from the solar + storage project will be sold to SKELEC under a 20-year power purchase agreement at flat rate over that entire period which is designed to provide a significant long-term savings to the projected diesel generation costs.

How the Solar Generation and Storage System Works
Currently, tankers deliver diesel fuel to St. Kitts on a weekly basis, and the fuel is then burned in generators to produce all the nation’s electricity. This expensive process contributes to local pollution and global warming (each gallon of diesel generates 22 pounds of CO2 when burned). The solar and storage project should reduce diesel use by 30-35%, saving money and the environment.

Leclanché’s fully integrated system consists of three core components: the solar field, battery storage system and energy management system software.

The solar panels collect sunlight that is converted into electricity. The solar project on St. Kitts will be oversized, allowing a portion of that electricity to meet current electric demand on the island, and the remainder to charge the large-scale battery storage system to meet island demand after the sun sets. The battery system will also improve grid stability and serve as a back-up in case one of the diesel generators fails.

The batteries will be housed in 14 custom-designed enclosures near the main SKELEC power station and adjacent to the solar field. Additional equipment such as inverters, transformers and protection devices will ensure that the electricity from the new project is reliable and safe.

Leclanché’s energy management system software integrates all the different components of the system and coordinates the delivery of electricity to the grid according to SKELEC’s requirements. Once completed in the first half of 2022, the solar and storage system will replace over four million gallons of diesel per year, and the battery system will enable the remaining diesel generators to operate more efficiently.

For more information, write to info@leclanche.com or visit www.leclanche.com.

About Leclanché
Headquartered in Switzerland, Leclanché SA is a leading provider of high-quality energy storage solutions designed to accelerate our progress towards a clean energy future. Leclanché’s history and heritage is rooted in over 100 years of battery and energy storage innovation and the Company is a trusted provider of energy storage solutions globally. This coupled with the Company’s culture of German engineering and Swiss precision and quality, continues to make Leclanché the partner of choice for both disruptors, established companies and governments who are pioneering positive changes in how energy is produced, distributed and consumed around the world. The energy transition is being driven primarily by changes in the management of our electricity networks and the electrification of transport, and these two end markets form the backbone of our strategy and business model. Leclanché is at the heart of the convergence of the electrification of transport and the changes in the distribution network. Leclanché is the only listed pure play energy storage company in the world, organised along three business units: stationary storage solutions, e-Transport solutions and specialty batteries systems. Leclanché is listed on the Swiss Stock Exchange (SIX: LECN).

SIX Swiss Exchange: ticker symbol LECN | ISIN CH 011 030 311 9

Disclaimer

This press release contains certain forward-looking statements relating to Leclanché’s business, which can be identified by terminology such as “strategic”, “proposes”, “to introduce”, “will”, “planned”, “expected”, “commitment”, “expects”, “set”, “preparing”, “plans”, “estimates”, “aims”, “would”, “potential”, “awaiting”, “estimated”, “proposal”, or similar expressions, or by expressed or implied discussions regarding the ramp up of Leclanché’s production capacity, potential applications for existing products, or regarding potential future revenues from any such products, or potential future sales or earnings of Leclanché or any of its business units. You should not place undue reliance on these statements. Such forward-looking statements reflect the current views of Leclanché regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. There can be no guarantee that Leclanché’s products will achieve any particular revenue levels. Nor can there be any guarantee that Leclanché, or any of the business units, will achieve any particular financial results.

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Sovereign Pacific’s USD $500M Fund for The Caribbean Region

TORONTO, Dec. 1, 2020 /PRNewswire-HISPANIC PR WIRE/ – Sovereign Pacific Capital, an Asia wealth and asset management organization establishes a USD $500M Sovereign Pacific Fund, in partnership with Possibility Group, for sustainable investments in St. Kitts & Nevis and the Caribbean region.

Leslie Thomas and Umashanker Mishra

Sovereign Pacific Capital Ltd., www.sovereignpacific.co, a Singapore based wealth and asset management organization, partners with Possibility Group Ltd., a Caribbean value creation organization, to establish a USD $500M Sovereign Pacific Fund for sustainable investments in St. Kitts & Nevis and the Caribbean region. Sovereign Pacific Fund will be administered and managed by Possibility Capital Inc., www.possibility.capital, a Caribbean wealth and asset management organization.

Sovereign Pacific Capital’s focus includes Financial Services, Real Estate, Healthcare, Renewable Energy, Hotels & Resorts, Manufacturing and Agriculture.

Sovereign Pacific Capital’s Chairman, Umashanker Mishra, is an Indian Canadian, Philanthropist, Attorney and Solicitor and Investment Banker. He is the Founder & Chairman of Global Human Care Foundation, which is a private Canadian entity focused on charitable projects in Asia, Africa and the Caribbean region.

Possibility Group, www.possibility.capital, is a leading value creation organization in Asia, Caribbean and North America. Possibility creates, develops and manages sustainable business for stakeholders based on a life cycle engineered, performance driven, partnerships = possibilities system.

Possibility’s Caribbean business includes Real Estate Development, Renewable Energy, Asset Management, Possibility Capital, Investment Management, Sustainable Manufacturing, Proprietary Agriculture and Medical Healthcare.

Possibility Group’s President & CEO, Leslie Thomas, P. Eng., is a Caribbean Canadian, born in St. Kitts & Nevis, with a personal motivation to “give back” to Tabernacle, St. Kitts & Nevis and the Caribbean and to contribute in a “unique and lasting” way to the region through Possibility Group, Possibility Capital and Global Human Care Foundation.

“We are very excited about our partnership with Sovereign Pacific Capital; Chairman, Umashanker Mishra and Sovereign Pacific’s USD $500M Fund, which will help to address a significant Barrier to Growth (access to Financing) in the Caribbean Region”.

“Sustainable manufacturing in the Caribbean region and the production of high quality Caribbean steel rebar and also environmentally friendly Insulated Concrete Forms (ICF), will help property owners, developers, resorts, hotels, governments, institutions and asset managers to reduce capital cost, energy cost and construction time, and significantly increase buildings strength (hurricane proof). Further benefits include developing new skills, trades, occupations, employment for Women in the construction industry and our Suncastle Resorts, Condos & Commercial buildings will be constructed primarily by Caribbean Women (to the highest industry standards and without compromise in quality, safety, strength or finish), which will be innovative, revolutionary, unique and life changing”, said Mr. Thomas.

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RBC opens registration for first global, virtual running event in its charitable Race for the Kids series

Participants are encouraged to run or walk their ‘virtual race’ independently to support 36 participating charity partners from 16 countries

TORONTO, Sept. 14, 2020 /PRNewswire-HISPANIC PR WIRE/ — Today, RBC opened registration for its first global and virtual charitable running event, as part of its signature Race for the Kids series. Fundraising from the event will benefit youth and children’s causes around the globe, with 36 charity partners that participants can elect to support. Facing the significant disruption of the COVID-19 pandemic, the youth-focused services provided by these charity partners are needed now more than ever.

Instead of a standard running event format, participants will enjoy an innovative virtual experience through the event’s online registration and fundraising website:

  • Registering for the event is free and open to all, regardless of geography, age, or running ability.
  • Participants can elect to support any of the participating 36 charity partners, regardless of where they are physically located.
  • Participants will be able to select their personal race distance and route in their local community (with no pre-determined race course).
  • Participants are encouraged to complete their run or walk independently or with family members (while observing local public health advice and government guidelines) over the October 17-18 weekend.
  • The event website integrates with many running apps, allowing participants to record and map their virtual run or walk.
  • Runner bibs, event posters, and completion certificates will be available for download through the event website.
  • Participants will also receive digital medals and recognition which can be shared on social media.

RBC’s goal for the event is to create ‘the world’s largest virtual family fun run,’ with all RBC employees, their family/friends, charity partner supporters, and members of the public invited to take part.

“The global pandemic has disrupted several aspects of our lives. For many young people, the crisis has negatively impacted their mental health and well-being, access to education, and employment opportunities,” said Dave McKay, President and Chief Executive Officer, RBC. “That’s why we’re taking our RBC Race for the Kids to a virtual format this year – to ensure we can continue to address these needs, supporting young people and their families facing these challenges. I want to thank our 36 charity partners for their ongoing dedication to youth in this critical year and am looking forward to Race weekend.”

Prior to 2020, RBC Race for the Kids events took place in 17 physical locations, including: Bahamas, Barbados, Calgary, Chicago, Hong Kong, Jersey, Kuala Lumpur, London, Montreal, New York, Ottawa, Seattle, St. Paul, Sydney, Toronto, Trinidad & Tobago, and Vancouver. Since its inception in 2009, the series has attracted more than 260,000 participants and raised over $57 million for youth and children’s causes around the world.

In addition to hosting this virtual event, RBC has committed $10.5 million to date towards food security, mental health, and strategic preparedness in response to the COVID-19 pandemic. In 2019, RBC donated $130 million to nearly 5,000 charitable organizations, globally.

To learn more about RBC Race for the Kids, its charity partners, or register for the virtual event, visit: www.rbcraceforthekids.com.

About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 86,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.‎

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

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Caribbean’s First Peer-to-Peer Car Rental Platform, Rent Yuh Ride™, Launched

Black Women Led; 22+ Million Travelers; Strong Market Growth Projected

KINGSTON, Jamaica, Feb. 27, 2020 /PRNewswire-HISPANIC PR WIRE/ — The emerging peer-to-peer car rental sector is projected to grow at 10% annually, but despite the Caribbean being one of the world’s most attractive travel destinations; it has yet to be touched by this sector – until now. The Caribbean’s first peer-to-peer car rental platform, Rent Yuh Ride (RYR), launched this week and will connect thousands of travelers to private car owners to facilitate car renting in a way that “is efficient, affordable and safe.”  RYR promises a platform that will enable seamless transactions while also rewarding users with travel credits and incentivized bonuses.

Uniquely led by a team of black women, RYR’s operations will be out of Kingston, Jamaica. Eventually, operations will expand across the Caribbean – frequented by over 22M travelers annually. Further boosting its new platform, RYR will partner with the Insurance Company of The West Indies (ICWI), a leader in motor insurance across the Caribbean to provide private rental insurance to car owners at a discounted rate. In addition, RYR will use Jumio, a leader in online identity verification, to definitively authenticate users on the platform.

Rent Yuh Ride The What

The Rent Yuh Ride platform will be accessible online from anywhere, at any time. It’s a marketplace where car owners can sign up, upload their vehicle info (and documents) to be approved and listed on the site for free. Simultaneously, travelers can sign up, search through available vehicles in their desired destination, choose a pickup location, then book.

Once the vehicle has been picked up, the owner gets paid electronically. When it is returned, this will complete the transaction, and both parties are then able to leave each other a review. Everything is done online safely, affordably, efficiently.

Rent Yuh Ride The Why

Problems with Current Car Renting Process:

  • Car owner reputation is unknown; current web listings have very limited information — only thing you see is the car you’re renting.
  • 58% of cars in Jamaica are uninsured — lack of protection creates lack of trust.
  • Traditional car renting is costly; advanced booking doesn’t minimize wait time at pickup — “The deposit fees are astronomical.”

The Ideal Solution is a “Win-Win Situation”:

  • Traveler Benefits: 20%-50% cheaper than traditional renting; know the owner right away; book on-demand; pickup when & where you want; more variety of vehicles to choose from.
  • Car Owner Benefits: earn money hosting; free to list and no monthly fees; list once, market to many travelers.

“Travelers deserve a better way to rent cars, they need options and what’s available just doesn’t cut it,” explains RYR Founder & CEO Cherie Williams. “With the Rent Yuh Ride platform, you can choose from a wide range of vehicles that fit your style, a wide range of prices that fit your budget, and there’s absolutely no negotiating back and forth. Moreover, car owners have underutilized vehicles for months at a time and Rent Yuh Ride will provide new opportunities for them to earn additional income,” says a frequent traveler to the island.

“It’s a win-win situation on both sides: one person will make money and the other person will save money.”

Funding
Investment opportunity available on  Series One platform.

About Rent Yuh Ride
Rent Yuh Ride is the first peer-to-peer digital car rental platform in Jamaica with future expansion across the Caribbean. RYR will directly connect thousands of travelers to private car owners across the islands to facilitate car renting, in a way that’s efficient, affordable and safe.

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ECCB and Toronto Centre Lead Workshop on “Coping with Climate Change and Other Environmental Risks”

The Eastern Caribbean Central Bank and Toronto Centre lead workshop for supervisors and regulators of the Eastern Caribbean Currency Union to help identify climate and other environmental risks to financial institutions, economies, and consumers

CaribPR Wire, BASSETERRE, St. Kitts and Nevis, Dec. 02, 2019: At the request of, and in partnership with, the Eastern Caribbean Central Bank, Toronto Centre is holding its first five-day cross-cutting climate risk workshop. The workshop is aimed at helping financial sector supervisors and regulators identify the risks that climate change and other environmental factors pose to financial institutions, economies, consumers and vulnerable groups. Participants will learn how to develop action plans to deal with climate change and other environmental risks, and how to identify and communicate effectively with key stakeholders to achieve results.

The IMF’s Global Financial Stability Report, 2019 prominently highlights climate risk as a risk to financial stability. In addition to examining the nature of these risks and their potential effects, the program identifies steps that supervisors and financial institutions can take to deal with these risks. Product design, investment, lending, and strengthening risk management and stress testing are areas that supervisors and financial institutions can explore. The workshop additionally highlights steps that could be taken to manage risks to consumers, such as improving financial literacy and inclusion.

Timothy N.J. Antoine, Governor of the Eastern Caribbean Central Bank (ECCB) said: “As the custodians of the payment system, our Central Bank is advocating for and facilitating disaster and climate resilience strategies inclusive of investment in physical and digital infrastructure, early warning systems, and fiscal resilience. ECCB is pleased to host this inaugural workshop on coping with climate change and other environmental risks and key actions that can be taken by supervisors and those they supervise to deal with these risks. Toronto Centre’s capacity building efforts are essential as financial sector supervisors and regulators in our region tackle these risks.”

Babak Abbaszadeh, CEO and President, Toronto Centre said: “Climate risk is an emerging risk for financial policy makers, standard setters, and supervisors. Toronto Centre applauds the ECCB’s initiative and leadership to be an early mover in building their capacity to deal with climate risk.”

LEARN MORE

www.eccb-centralbank.org/

The Eastern Caribbean Central Bank (ECCB) was established in October 1983. It is the monetary authority for a group of eight small country economies namely – Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines.

The Agreement establishing the ECCB as the monetary authority for the eight ECCB participating governments was signed on 5 July 1983 in Trinidad and Tobago. The ECCB was officially commissioned on 1 October 1983, replacing the Eastern Caribbean Currency Authority (ECCA) which was established in March 1965.

The primary objective of the ECCB is to maintain the stability of the Eastern Caribbean Currency and the integrity of the banking system.

LEARN MORE

www.torontocentre.org

Established in 1998, Toronto Centre for Global Leadership in Financial Supervision (Toronto Centre) is an independent not-for-profit organization that promotes financial stability and access to financial services globally. Our mission is to provide high quality capacity building programs for financial supervisors and regulators, primarily in emerging markets and developing countries. We believe that for countries to thrive, their financial systems must be stable and inclusive. Our mission supports sustainable growth and job creation and helps to reduce poverty by helping to build these economic foundations. In turn, stable, sustainable economic growth is a vital enabler of infrastructure investments, strengthening international trade and reducing poverty as confirmed by the UN 2030 Sustainable Development Goals and the Addis Ababa Action Agenda, Financing for Development. Our mission is aligned with Canada’s Feminist International Assistance Policy. Since our inception, we have trained more than 12,000 supervisors and regulators from over 190 jurisdictions. Toronto Centre is supported by Global Affairs Canada, the International Monetary Fund, Swedish International Development Cooperation Agency (Sida), Comic Relief, Jersey Overseas Aid, and other valuable international partners.


El Banco Central del Caribe Oriental (ECCB) y Toronto Centre dirigen un taller sobre “Cómo enfrentar el cambio climático y otros riesgos ambientales”

El Banco Central del Caribe Oriental y Toronto Centre dirigen un taller para supervisores y reguladores de la Unión Monetaria del Caribe Oriental para poder identificar riesgos climáticos y otros riesgos ambientales para instituciones financieras, economías y consumidores

CaribPR Wire, BASSETERRE, San Cristóbal y Nieves, Dec. 02, 2019: A pedido del Banco Central del Caribe Oriental, y en asociación con este, Toronto Centre llevará a cabo su primer taller transversal de cinco días. El taller tiene por objeto ayudar a los supervisores y reguladores del sector financiero a identificar los riesgos que el cambio climático y otros factores ambientales plantean para las instituciones financieras, las economías, los consumidores y los grupos vulnerables.  Los participantes aprenderán cómo desarrollar planes de acción para enfrentar el cambio climático y otros riesgos ambientales y a cómo identificar y comunicar en forma eficaz a las partes interesadas clave para lograr resultados.

El Informe sobre la estabilidad financiera mundial de 2019 del FMI destaca claramente al riesgo climático como un riesgo para la estabilidad financiera. Además de analizar la naturaleza de estos riesgos y sus posibles efectos, el programa identifica los pasos que los supervisores y las instituciones financieras pueden tomar para enfrentarlos. El diseño del producto, la inversión, el préstamo y el fortalecimiento de la gestión de riesgos y las pruebas de resistencia son áreas que pueden examinar los supervisores y las instituciones financieras. Asimismo, el taller destaca los pasos que podrían tomarse para manejar los riesgos para los consumidores, como mejorar la educación y la inclusión financiera.

Timothy N.J. Antoine, Gobernador del Banco Central del Caribe Oriental (ECCB) afirmó: “Como custodios del sistema de pagos, nuestro Banco Central defiende y facilita las  estrategias para la resistencia ante el clima y los desastres, que incluyen la inversión en infraestructura física y digital, sistemas de advertencia temprana y resistencia fiscal. ECCB se complace en organizar este taller inaugural sobre cambio climático y otros riesgos ambientales, y las medidas clave que pueden tomar los supervisores y aquellos a quienes supervisan para enfrentar estos riesgos. Las medidas de desarrollo de capacidades de Toronto Centre son esenciales, dado que los supervisores y reguladores del sector financiero en nuestra región enfrentan estos riesgos”.

Babak Abbaszadeh, Director ejecutivo (CEO) y Presidente de Toronto Centre, sostuvo lo siguiente: “El riesgo climático es un riesgo emergente para las autoridades responsables de políticas financieras, las personas que establecen estándares y los supervisores. Toronto Centre aclama la iniciativa y el liderazgo del ECCB por ser uno de los pioneros en promover el desarrollo de su capacidad para enfrentar el riesgo climático.”

MÁS INFORMACIÓN

www.eccb-centralbank.org/

El Banco Central del Caribe Oriental (ECCB) se fundó en octubre de 1983. Es la autoridad monetaria de un grupo de economías de ocho pequeños países, a saber, Anguila, Antigua y Barbuda, Dominica, Granada, Montserrat, San Cristóbal y Nieves, Santa Lucía y San Vicente y las Granadinas.

El Acuerdo que estableció al ECCB como la autoridad monetaria para los ochos gobiernos que participan del ECCB se suscribió el 5 de julio de 1983 en Trinidad y Tobago.  El ECCB recibió la autorización oficial el 1.º de octubre de 1983, en reemplazo de la Autoridad Monetaria del Caribe Oriental (ECCA), que se fundó en marzo de 1965.

El objetivo principal del ECCB es mantener la estabilidad de la moneda del Caribe Oriental y la integridad del sistema bancario.

MÁS INFORMACIÓN

www.torontocentre.org

Fundado en 1998, el Toronto Centre for Global Leadership in Financial Supervision (Toronto Centre) es una organización independiente sin fines de lucro que promueve la estabilidad financiera y el acceso a los servicios financieros en todo el mundo. Nuestra misión es proporcionar programas de capacitación de alta calidad para supervisores y reguladores financieros, principalmente en mercados emergentes y países en desarrollo. Creemos que para que los países prosperen, sus sistemas financieros deben ser estables e inclusivos. Nuestra misión apoya el crecimiento sostenible y la creación de empleo y ayuda a reducir la pobreza ayudando a construir estas bases económicas. A su vez, un crecimiento económico estable y sostenible es un factor vital para facilitar las inversiones en infraestructuras, reforzar el comercio internacional y reducir la pobreza, como confirman los Objetivos de Desarrollo Sostenible de las Naciones Unidas para 2030 y la Financiación para el Desarrollo (Agenda de Acción de Addis Abeba) Nuestra misión concuerda con la Política de Asistencia Internacional Feminista de Canadá. Desde nuestros inicios, hemos capacitado a más de 12.000 supervisores y reguladores de más de 190 jurisdicciones. Toronto Centre cuenta con el apoyo de Global Affairs Canada, el Fondo Monetario Internacional, la Agencia Sueca de Cooperación Internacional para el Desarrollo (ASDI), la organización Comic Relief, la organización Jersey Overseas Aid y otros valiosos socios internacionales.


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Parkland Fuel Corporation Announces Record 2019 Second Quarter Results and Increases its 2019 Adjusted EBITDA Guidance Range to $1.165 Billion ± 5%

Adjusted EBITDA Guidance Range Increased on Strength of Supply, International, USA and Synergy Capture

CARIBPR WIRE, CALGARY, Alberta, Aug. 01, 2019: Parkland Fuel Corporation (”Parkland”, “We”, the “Company”, or “Our”) (TSX:PKI) announced today the financial and operating results for the three and six months ended June 30, 2019. All financial figures are expressed in Canadian dollars unless otherwise noted.

“The strength of Parkland’s diverse portfolio and integrated assets was on full display in the second quarter, driving outstanding results” said Bob Espey, President and Chief Executive Officer. “Our International, USA and Supply segments underpinned our performance, and we also benefited from further synergy capture including early wins within Sol. Our Canadian Retail business exhibited another quarter of strong volume and convenience store KPI’s, demonstrating the strength of our marketing program and operational execution. Our first half performance and outlook for the base business give us confidence to increase our full-year 2019 Adjusted EBITDA Guidance Range from $1,065 million to $1,165 million (± 5%). Thanks to the entire Parkland team for their hard work and continued focus on safety to deliver another strong quarter.”

Q2 2019 Highlights

  • Second quarter Adjusted EBITDA was $346 million and net earnings attributable to Parkland were $105 million ($0.72 per share, basic). The strong performance was primarily driven by positive contributions from the Sol Transaction, strong Supply results due to refining margins and synergy capture, and continued execution of our US growth strategy. Excluding the impact of IFRS 16, Parkland’s Adjusted EBITDA was $315 million and net earnings were $110 million.
  • Second quarter fuel and petroleum product volume was 5.5 billion litres, compared to 4.2 billion litres in Q2 2018. The increase was primarily driven by volumes from the Sol Transaction.
  • Second quarter adjusted distributable cash flow increased by $17 million to $156 million (increased by $0.01 per share to $1.06 per share), resulting in an adjusted dividend payout ratio of 29%. Adjusted distributable cash flow is a non-GAAP measure, which we have amended to remove the impact of IFRS 16 such that this metric is comparable year over year.
  • Growth capital expenditures attributable to Parkland were $52 million and maintenance capital expenditures attributable to Parkland were $45 million, which reflects the addition of our new International segment and higher Canada Retail and Canada Commercial growth investments.
  • Completed initiatives that are expected to result in run-rate annual synergies of approximately $140 million from the 2017 Ultramar and Chevron acquisitions. We continue to expect that annual run-rate synergies from these acquisitions will reach approximately $180 million by the end of 2020.
  • Total Funded Debt to Credit Facility EBITDA ratio of 2.5 times as at June 30, 2019.
  • Subsequent to the quarter, on July 10, 2019, Parkland closed the private offering (the “2019 offering”) of US$500 million aggregate principal amount of senior unsecured notes due 2027 (the “2019 notes”). The 2019 notes were priced at par and bear interest at a rate of 5.875% per annum, payable semi-annually in arrears beginning January 15, 2020. Parkland used the net proceeds from the offering to: (i) repay in full its US$250 million term loan facility due 2021; and (ii) repay certain outstanding amounts borrowed under its existing revolving credit facilities.
  • Total recordable injury frequency (”TRIF”), calculated on a trailing twelve-month basis, was 1.78 as at June 30, 2019 compared to 1.95 as at June 30, 2018. The reduction in our TRIF demonstrates our culture of care and drive to zero injuries and incidents in our workplace.
  • On January 1, 2019, Parkland adopted IFRS 16 – Leases (”IFRS 16″). The adoption of IFRS 16 increases Adjusted EBITDA by reducing operating costs and increasing depreciation, amortization, and finance and other costs. IFRS 16 also increases Parkland’s assets and liabilities and has no overall impact to cash flow. For further information, refer to the unaudited Q2 2019 Interim Condensed Consolidated Financial Statements (”Q2 2019 FS”) and Q2 2019 Management’s Discussion and Analysis (”Q2 2019 MD&A”) for the three and six months ended June 30, 2019.

Canada Retail Highlights

  • Second quarter Adjusted EBITDA was $63 million (Pre-IFRS 16: $57 million), a decrease of $25 million compared to the same period in 2018, excluding the impact of IFRS 16. The decrease in Adjusted EBITDA is primarily due to weaker retail gasoline margins across Canada, and accelerated, non-recurring marketing, general and administrative costs associated with the development of our loyalty program. Growth in volume and same-store-sales metrics demonstrate our focus on market share, operational excellence and strategic marketing programs.
  • Second quarter Company volume same-store-sales growth (”SSSG”) was 0.7%, despite poor spring weather which reduced customer traffic. The strong results demonstrate the success of our network development planning strategy, strategic marketing, operational execution and promotional efforts in response to the poor weather conditions.
  • Second quarter Company C-Store SSSG was 2.7%, our 14th consecutive quarter of positive Company C-Store SSSG. Growth was seen across all merchandise categories and was attributable to strong field level execution and the successful implementation of the On the Run / Marché Express store concepts, Parkland’s proprietary private label brand 59th Street Food Co., and higher forecourt to backcourt conversion rates despite poor spring weather conditions.
  • Partially offsetting the decrease in Adjusted EBITDA was lower operating costs, driven by continued cost control measures and the conversion of company-owned, company-operated (”COCO”) sites to company-owned, retailer-operated (”CORO”) sites, which lowers store labour costs. We continued to evolve our retail site composition in the quarter, converting approximately 10 additional Ultramar COCO sites to CORO sites. As of June 30, 2019, we have approximately 40 Ultramar sites remaining to convert.
  • Pilot results from our “Journie” loyalty program are very promising. With over six months of data, results are in-line with expectations and support our plans for our Q4 2019 launch.

Canada Commercial Highlights

  • Second quarter Adjusted EBITDA was $10 million (Pre-IFRS 16: $8 million), a decrease of $10 million compared to the same period in 2018, excluding the impact of IFRS 16. The decrease in Adjusted EBITDA is due to the decline in the Alberta oil and gas sector, specifically lower rig activity, extended break-up period and production curtailments. Wet weather conditions in the eastern provinces also impacted volumes in the agricultural, forestry, and construction segments. We continue to build for growth through our regional operations centers (”ROC”) structure, growing our national fueling network and expanding our industrial propane offer. Our cardlock strategy is also evolving to be integrated with our retail network development program and aims to increase fleet card acceptance and reciprocity.
  • Second quarter fuel and petroleum product volume decreased 8% relative to Q2 2018, primarily due to lower volumes from the Alberta oil and gas sector and unfavorable weather conditions in parts of Canada.

USA Highlights

  • Second quarter Adjusted EBITDA was $13 million (Pre-IFRS 16: $12 million), an increase of $7 million compared to the same period in 2018, excluding the impact of IFRS 16. The increase in Adjusted EBITDA is primarily due to acquisition activity, organic growth and synergy realization. The US business also benefited from strong diesel margins by sourcing product from the Canadian market via rail.
  • Parkland closed the acquisition of all the assets of Ken Bettridge Distributing Inc. (”KB Oil”) on June 1, 2019, a bulk fuel and lubricants distributor and operator of fleet fueling, convenience stores and cardlock services in Southwest Utah and Southeast Nevada. With the acquisition, Parkland added two bulk plants with cardlocks, fuel distribution through 23 trucks, nine retail stores and a small lubricants business. The acquisition of KB Oil follows on our U.S. growth strategy by establishing scale through the addition of strong local operators.
  • Second quarter fuel and petroleum product volume was 394 million litres, an increase of 148 million litres compared to the same period in 2018. The increase was primarily due to acquisition activity and organic growth initiatives.

International Highlights

  • Second quarter Adjusted EBITDA was $74 million (Pre-IFRS 16: $60 million), which reflects Parkland’s 75% ownership in Sol. Performance was driven by strong execution across the regions, early synergy capture, wholesale sales and corporate cost savings. We expect to exceed our initial expectations for 2019 Adjusted EBITDA in this segment and are on track to meet our synergy targets by the end of 2021.
  • Second quarter fuel and petroleum product volume was 1,270 million litres, consisting of 469 million litres sold through retail channels and 801 million litres sold through commercial and wholesale channels.

Supply Highlights

  • Second quarter Adjusted EBITDA was $216 million (Pre-IFRS 16: $209 million), an increase of $39 million compared to the same period in 2018, excluding the impact of IFRS 16. The increase in Adjusted EBITDA is primarily due to safe and reliable operations, strong refining crack spreads, higher refinery utilization, crude oil and diesel exports to the United States and import and blending opportunities in eastern Canada. In addition, Parkland continues to capture synergies from prior acquisitions, including the repatriation of previously exported volumes into the British Columbia market, refinery efficiencies, infrastructure optimization, economies of scale benefits and other supply initiatives. Parkland’s recently opened supply and distribution office in Houston enables Parkland to participate more effectively in global markets to support our Caribbean and US business and is integral to our supply advantage. Offsetting the increase in Adjusted EBITDA was slightly higher operating costs at the Burnaby refinery due to a third party natural gas pipeline interruption and pre-spend for the 2020 turnaround.
  • Refining margins in the quarter were driven by strong refining crack spreads and high utilization rates. For the first two months of the quarter, crack spreads were primarily driven by planned and unplanned refinery outages along the west coast of the United States. In addition, Elbow River Marketing was successful in realizing opportunities to increase crude exports to the United States.
  • Refinery utilization, which measures the amount of crude oil processed and converted to products in the Burnaby Refinery, was 94.9% for the second quarter, compared to 90.9% for Q2 2018, which was lower due to the turnaround at the Burnaby refinery.
  • We continue to successfully co-process biofeeds (tallow and canola) at the Burnaby refinery, which helps us meet provincial and federal climate regulations and establishes Parkland as a leader in low-carbon fuel refining.

Corporate Segment Highlights

  • The Corporate segment includes centralized administrative services and expenses incurred to support operations. Second quarter Adjusted EBITDA was negative $30 million (Pre-IFRS 16: negative $31 million). Marketing, general and administrative expenses increased by $2 million compared to Q2 2018, but as a percentage of total adjusted gross profit, favorably decreased to 4.0% (down from 5.3% in Q2 2018). Parkland’s objective is to manage corporate expenses tightly so that they increase at a slower pace than Parkland’s adjusted gross profit.


Consolidated Financial Overview

($ millions, unless otherwise noted) Three months ended June 30, Six months ended June 30,
2019 2018 2017 2019 2018 2017
Financial Summary
Sales and operating revenue 4,854 3,783 1,806 9,069 7,125 3,591
Adjusted gross profit(1) 728 513 168 1,425 943 359
Adjusted EBITDA including non-controlling interest (”NCI”) 370 249 54 709 402 124
Adjusted EBITDA attributable to NCI 24 48
Adjusted EBITDA attributable to Parkland (”Adjusted EBITDA”)(1) 346 249 54 661 402 124
Net earnings (loss) 111 60 (1 ) 202 80 21
Net earnings (loss) attributable to:
Parkland 105 60 (1 ) 182 80 21
NCI 6 20
Net earnings (loss) per share ($ per share)
Per share – basic 0.72 0.45 (0.01 ) 1.25 0.61 0.20
Per share – diluted 0.70 0.45 (0.01 ) 1.22 0.60 0.20
Distributable cash flow(2) 168 118 23 293 147 61
Per share(2)(3) 1.14 0.89 0.20 2.01 1.12 0.59
Adjusted distributable cash flow(2) 156 139 39 293 249 85
Per share(2)(3) 1.06 1.05 0.35 2.01 1.89 0.82
Dividends 45 41 33 88 79 61
Dividends declared per share outstanding 0.2985 0.2934 0.2886 0.5936 0.5836 0.5738
Dividend payout ratio(2) 27 % 35 % 146 % 30 % 54 % 99 %
Adjusted dividend payout ratio(2) 29 % 29 % 84 % 30 % 32 % 71 %
Total assets 9,104 5,592 4,281 9,104 5,592 4,281
Total long-term liabilities 4,958 2,533 2,075 4,958 2,533 2,075
Shares outstanding (millions) 147 132 130 147 132 130
Weighted average number of common shares (millions) 147 132 111 146 132 104
Operating Summary
Fuel and petroleum product volume (million litres)(4) 5,525 4,202 2,588 10,861 8,413 5,344
Fuel and petroleum product adjusted gross profit(2) (cpl)(5)(7)
Canada Retail 6.75 8.00 5.78 7.15 7.94 5.53
Canada Commercial(6) 7.29 8.08 9.25 9.05 11.59
USA 5.08 3.66 4.83 3.66 3.43
International 10.71 11.27
Refinery utilization(7) 94.9 % 90.9 % % 93.5 % 62.2 % %

(1) Measure of segment profit. See Section 13 of the Q2 2019 MD&A.
(2) Non-GAAP financial measure. See Section 13 of the Q2 2019 MD&A.
(3) Calculated using the weighted average number of common shares.
(4) Fuel and petroleum product volume represents external volumes only. Intersegment volumes, including volumes produced by the Burnaby Refinery and transferred to the Canada Retail and Canada Commercial segments, are excluded from this reported volume.
(5) “cpl” stands for cents-per-litre and is a key performance indicator. See Section 13 of the Q2 2019 MD&A.
(6) For comparative purposes, fuel and petroleum product volume, and sales and operating revenue for the three and six months ended June 30, 2018 were restated due to a change in segment presentation, resulting from a reclassification of the wholesale business from the Canada Commercial segment to the Supply segment, reflecting a change in organizational structure in the second quarter of 2019.
(7) Key performance indicator. See Sections 4 and 13 of the Q2 2019 MD&A.

The following table outlines the impact of IFRS 16 on Adjusted EBITDA as reported for the three and six months ended June 30, 2019:

Three months ended June 30, Six months ended June 30,
($ millions) 2019 2018 2019 2018
Adjusted EBITDA as reported IFRS 16 Impact Pre-IFRS 16 Amount(1) Adjusted EBITDA as reported Adjusted EBITDA as reported IFRS 16 Impact Pre-IFRS 16 Amount(1) Adjusted EBITDA as reported
Canada Retail 63 (6 ) 57 82 136 (11 ) 125 151
Canada Commercial 10 (2 ) 8 18 54 (3 ) 51 56
USA 13 (1 ) 12 5 24 (1 ) 23 9
Supply 216 (7 ) 209 170 359 (13 ) 346 241
International 74 (14 ) 60 145 (28 ) 117
Corporate (30 ) (1 ) (31 ) (26 ) (57 ) (2 ) (59 ) (55 )
Consolidated 346 (31 ) 315 249 661 (58 ) 603 402

(1) Pre-IFRS 16 amounts are comparable to the reported information for the respective prior periods which was calculated under IAS 17.

Updated 2019 Outlook & Guidance Range

Parkland will remain focused on its key strategies of organic growth, building a strong supply advantage and acquiring prudently.

Our 2019 Guidance for Adjusted EBITDA attributable to Parkland, which includes the impact of IFRS 16, is increased by $100 million to $1,165 million with an anticipated variance of up to 5% (the “2019 Guidance Range”). The increase in our 2019 Guidance Range reflects our strong performance in the Supply, International and USA segments, continued synergy capture across the portfolio, a conservative outlook for retail fuel margins and lower activity levels for the Commercial segment.

In addition, the Company continues to expect approximately $200 million of growth capital expenditures and $200 million of maintenance capital expenditures in 2019. We have identified additional growth capital opportunities within the Sol business which will be evaluated for investment later in the year.

The 2019 Guidance Range includes some other key assumptions highlighted below:

  • Includes Sol’s Adjusted EBITDA that is attributable to Parkland, now forecast above initial expectations
  • Burnaby refining margins forecast is based on our view of future market conditions
  • The performance of recently acquired businesses, general market conditions, including but not limited to fuel margins and weather, will remain substantially consistent for the remainder of 2019
  • The low end of our 2019 Guidance Range accounts for potential adverse market conditions across our areas of operations, as well as the potential for lower refining margins than currently observable, while the high end of our 2019 Guidance Range accounts for greater than expected contributions from acquisition synergies, refining margins and organic growth

In addition, the factors and assumptions which contribute to Parkland’s assessment of the 2019 Guidance Range are consistent with existing Parkland disclosure and such guidance range is subject to risks and uncertainties inherent in Parkland’s business. Readers are directed to the “Risk Factors” section in the Q2 2019 MD&A and the Annual Information Form for a description of such factors, assumptions, risks and uncertainties.

Conference Call and Webcast Details

Parkland will host a webcast and conference call on Friday, August 2, 2019 at 6:30am MST (8:30am EST) to discuss the results.

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

https://event.on24.com/wcc/r/2050152/33EA5040C6B8F9BB492A319582DB696A

Analysts and institutional investors interested in participating in the question and answer session of the conference call may do so by calling 1-888-390-0605 (toll-free) (Conference ID: 65159943). International participants can call 1-587-880-2175 (toll) (Conference ID: 65159943).

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.

MD&A and Consolidated Financial Statements

The Q2 2019 MD&A and Q2 2019 FS provide a detailed explanation of Parkland’s operating results for the three and six months ended June 30, 2019. An English version of these documents will be available online at www.parkland.ca and SEDAR immediately after the results are released by newswire under Parkland’s profile at www.sedar.com. French Financial Statements and MD&A will be posted to www.parkland.ca and SEDAR as soon as they become available.

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, cash flow growth, run-rate synergies, private label program expansion, fuel volume growth, new business objectives, organic growth initiatives, growth of supply and trading business in the U.S. and Caribbean, Adjusted EBITDA Guidance, capital and maintenance expenditure forecasts, contribution of the Sol business and other previous acquisitions, strategic marketing and operational efforts to increase fuel volume, expected launch of marketing and loyalty programs, U.S. growth opportunities, and supply improvement and optimization and plans and objectives of or involving Parkland.

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; 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 27, 2019 and in “Forward-Looking Information” and “Risk Factors” in the Q2 2019 MD&A and annual MD&A dated February 28, 2019, each as filed on SEDAR and available on the Parkland website at www.parkland.ca.

Non-GAAP Financial Measures

This news release refers to certain non-GAAP financial measures that are not determined in accordance with International Financial Reporting Standards (”IFRS”). Distributable cash flow, distributable cash flow per share, adjusted distributable cash flow, adjusted distributable cash flow per share, total funded debt to credit facility EBITDA ratio, dividend payout ratio and adjusted dividend payout ratio are not measures recognized under IFRS and do not have standardized meanings prescribed by IFRS. Management considers these to be important supplemental measures of Parkland’s performance and believes these measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in our industry. See Section 13 of the Q2 2019 MD&A for a discussion of non-GAAP measures and their reconciliations to the nearest applicable IFRS measure.

Adjusted EBITDA and adjusted gross profit are measures of segment profit. See Section 13 of the Q2 2019 MD&A and Note 20 of the Q2 2019 FS for a reconciliation of these measures of segment profit. Annual synergies is a forecasted annualized measure and is considered to be forward-looking information. See Section 13 of the Q2 2019 MD&A. Investors are encouraged to evaluate each measure and the reasons Parkland considers it appropriate for supplemental analysis.

Investors are cautioned that these measures should not be construed as an alternative to net earnings determined in accordance with IFRS as an indication of Parkland’s performance. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Effective January 1, 2019, Parkland adopted the new accounting standard, IFRS 16 – Leases (”IFRS 16″). The adoption of IFRS 16 has a significant effect on Parkland’s reported results. Due to Parkland’s selected transition method, it has not restated its prior year comparatives. Certain financial statement measures are presented excluding the impact of IFRS 16 (”Pre-IFRS 16 measures”). Refer to the Q2 2019 FS and Q2 2019 MD&A for reconciliations of Pre-IFRS 16 measures.

About Parkland Fuel 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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Cloud Carib Ranked Among top third World’s Most Elite 501 Managed Service Providers

12th Annual MSP 501 Identifies Top Forward-Thinking Global MSPs & Leading Trends in Managed Services.

CARIBPR WIRE, BRIDGETOWN, Barbados, July 18, 2019: Cloud Carib has been named as one of the world’s premier managed service providers on the prestigious 12th-annual Channel Futures MSP 501 rankings. Coming in above all other providers in the Caribbean and Latin America, and #160 out of 501 managed service providers worldwide, there’s a lot to be proud of for The Bahamas owned and headquartered company.

Every year, MSPs worldwide complete an extensive survey and application to report their product offerings, growth rates, annual total and recurring revenues, pricing structures, revenue mix and more. MSPs were ranked according to a unique methodology that weights revenue figures according to how well the applicant’s business strategy anticipates trends in the fast-evolving channel ecosystem.

Channel Futures is pleased to name Cloud Carib to the 2019 MSP 501.

“We’re honored to be awarded #160 out of the top 501 MSPs worldwide, and to be the highest rated in both the Caribbean and Latin American regions,” said Scott MacKenzie, CEO, Cloud Carib. “We’re proud to be recognized on a global scale and take it as further evidence that we’re helping transform this region and establishing the Bahamas as a tech hub of the region. Every year more MSPs enter the market and competition gets fiercer, our ranking demonstrates our dedication to our client’s business needs, our thirst for innovation and forward thinking as well as our ability to compete on a global scale”.

In the 12 years since its inception, the MSP 501 has evolved from a competitive ranking list into a vibrant group of service providers, vendors, distributors, consultants and industry analysts working together to define the growing managed service opportunity.

“The 2019 MSP 501 winners are the most elite, innovative and strategic IT service providers on the planet, and they stand as a model of excellence in the industry,” says Kris Blackmon, Content Director of Channel Partners and Channel Futures and lead of the MSP 501 program. “As the MSP 501 Community grows, leagues of managed service providers learn from the successes of these winning companies, gaining insight into the best practices, strategies and technologies that elevate an MSP to the level of the 501 winners. Our heartfelt congratulations to the 2019 winners and gratitude to the thousands of MSPs that have contributed to the continuing growth and success of both the 501 and the thriving managed services sector.”

In addition to deciding the rankings, the survey drives the creation of an annual in-depth study of business and technology trends in the IT channel, released each year at the Channel Partners Evolution conference. The full MSP 501 Report leverages applicant responses, interviews with industry experts and historical data to give a well-rounded picture of the managed services opportunity.

The complete 2019 MSP 501 list is available at Channel Futures.

About Cloud Carib
Cloud Carib is the region’s premier provider of managed cloud services founded upon the principles of delivering quality, agility, and value for every client. Solutions range from complex bespoke dedicated private cloud offerings to hybrid cloud services. Every solution provides clients with controlled costs, unrivaled levels of service, and unparalleled levels of data protection and privacy – when and where privacy matters.

Cloud Carib clasificada entre los tres principales Proveedores de Servicios Gestionados 501 de mayor elite en el mundo

La duodécima MSP 501 anual identifica los principales MSPs visionarios & las tendencias líderes mundiales en servicios gestionados

CARIBPR WIRE BRIDGETOWN, Barbados, July 18, 2019: Cloud Carib fue nombrada como uno de los principales proveedores de servicios gestionados del mundo en la prestigiosa duodécima clasificación anual Channel Futures MSP 501. Posicionándose en primer lugar entre todos los proveedores en el Caribe y América Latina, y #160 entre 501 proveedores de servicios gestionados en todo el mundo, hay mucho para estar orgullosos de la empresa de propiedad y con sede en Las Bahamas.

Cada año, los MSPs en todo el mundo completan una extensiva encuesta y solicitud para informar sus ofertas de producto, tasas de crecimiento y utilidades recurrentes, estructuras de precios, mezcla de utilidades y más. Los MSPs fueron clasificados de acuerdo a una metodología exclusiva que pondera las cifras de utilidades según el resultado que la estrategia de negocios del participante anticipa las tendencias en el ecosistema de canal de rápida evolución.

Channel Futures se complace en nombrar a Cloud Carib para la MSP 501 de 2019.

“Nos honra ser galardonados #160 entre los top 501 MSPs en todo el mundo, y tener las más alta clasificación en las regiones del Caribe y América Latina”, dijo Scott MacKenzie, director ejecutivo de Cloud Carib. “Nos enorgullece ser reconocidos a escala global y tener aún mayor evidencia de que estamos ayudando a transformar esta región y estableciendo Las Bahamas como un centro tecnológico en la región. Cada año más MSPs penetran al mercado y la competencia se vuelve cada vez más fuerte, nuestra clasificación demuestra nuestra dedicación a las necesidades de nuestros clientes, nuestra sed de innovación y visión futura, así como nuestra capacidad para competir a una escala global”.

En los doce años desde sus inicios, la MSP 501 ha evolucionado desde una lista de clasificación competitiva a un grupo energético de proveedores de servicios, distribuidores, consultores y analistas de la industria que trabajan conjuntamente para definir la creciente demanda de la oportunidad de servicios gestionados.

“Los ganadores de MSP 501 de 2019 son los proveedores de servicios de IT de mayor elite, innovadores y estratégicos en el planeta, y están catalogados como un modelo de excelencia en la industria”, dice Kris Blackmon, director de contenido de Channel Partners y Channel Futures y líder del programa MSP 501. “A medida que crece la comunidad MSP 501, las ligas de proveedores de servicios gestionados aprenden de los éxitos de estas compañías ganadoras, obteniendo una perspectiva de las mejores prácticas, estrategias y tecnologías que elevan un MSP al nivel de los ganadores 501. Nuestras más sinceras felicitaciones para los ganadores de 2019 y nuestra gratitud a los miles de MSPs que han contribuido al continuo crecimiento y éxito del programa 501, así como del próspero sector de servicios gestionados”.

Además de decidir las clasificaciones, la encuesta conduce la creación de un estudio profundo anual de las tendencias de negocios y tecnología en el canal de IT, publicado cada año en la conferencia Channel Partners Evolution. El informe completo MSP 501 utiliza las respuestas del solicitante, entrevistas con expertos de la industria y datos históricas para proporcionar un cuatro completo de la oportunidad de servicios gestionados.

La lista complete de MSP 501 de 2019 está disponible en Channel Futures.

Acerca de Cloud Carib
Cloud Carib es el principal proveedor de servicios gestionados en la nube de la región y se basa en los principios de ofrecer calidad, agilidad y valor para para cada uno de sus clientes. Las soluciones van desde ofertas complejas personalizadas de nube privada a servicios de nube híbrida. Cada solución proporciona a los clientes costos controlados, niveles de servicio inigualables y niveles de protección de datos y privacidad incomparables: cuando y donde la privacidad importa.

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Equisoft Driving Digital Transformation for Caribbean Insurance Leader Family Guardian – Starting with Live OIPA Solution

MONTREAL, April 23, 2019 /PRNewswire-HISPANIC PR WIRE/ — Equisoft, a global provider of digital business solutions for the insurance and wealth industries, proudly announced today the successful implementation of the Oracle Insurance Policy Administration (OIPA) system for Family Guardian Insurance Company, a leading insurer in The Bahamas. The firm is also spearheading a number of other core and front-end system integrations to help the Caribbean insurer become more competitive in the Bahamian market.

An OIPA system to start the New Year

Equisoft integration teams ensured that Family Guardian went live with its fully integrated OIPA platform earlier this year. In addition to replacing the legacy platform, the project encompassed data migration by Universal Conversion Technologies, an Equisoft subsidiary.

“We are very excited with these new technological developments and how they will create efficiencies and enhanced service delivery for our customers,” says Family Guardian President, Glen O. A. Ritchie, CPA.

More implementations planned

Equisoft has also been mandated by Family Guardian to modernize a number of front-end tools over the next few years.

“Working as a strategic partner for Family Guardian allows us to develop effective solutions that better address future business and digital challenges,” says Ruben Veerasamy, Vice President, Consulting & Account Management at Equisoft. “Adding Family Guardian to our already prestigious list of customers makes us extremely proud, and we are committed to continue to build a strong presence in the Caribbean.”

About Family Guardian Insurance Company

Family Guardian was founded in 1965 and for more than 50 years, has helped Bahamians plan for their future with a broad range of life insurance and investment products offered through its three sales divisions: Home Service, Financial Services and Group Life and Health. With nine sales offices in New Providence, Grand Bahama, Abaco, Exuma and Eleuthera, Family Guardian also has resident sales representatives in Andros, Long Island, Cat Island, San Salvador and Acklins. Family Guardian is a wholly-owned subsidiary of FamGuard Corporation Limited, a publicly traded company listed with the Bahamas International Securities Exchange (BISX). Website: familyguardian.com


About Equisoft

Founded in 1994, Equisoft is a global provider of advanced digital solutions in life insurance and wealth management. Recognized as a valued partner by over 50 of the world’s leading financial institutions in 15 countries, Equisoft offers innovative front-end applications, extensive back office services and a unique data migration expertise. The firm’s industry-leading products include CRM, financial needs analysis, asset allocation, quotes and illustrations, electronic application, agency management systems, as well as customer, agent and broker portals. Equisoft is also Oracle’s main global partner for the Oracle Insurance Policy Administration platform. With its business-driven approach, deep industry knowledge, state-of-the-art technology, and a growing team of over 375 specialized resources based in the USA, Canada, Latin America, South Africa and India, Equisoft helps financial institutions tackle any challenge in this new era of digital disruption. Website: equisoft.com

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Cayman Islands Investment Group Ltd. Announces New Cryptocurrency Exchange in Development

GRAND CAYMAN, Cayman Islands, March 20, 2019 /PRNewswire-HISPANIC PR WIRE/ — Earlier this year, the Cayman Islands Investment Group’s technology wing: C.I.I.G. Technologies, teased the release of a brand new Cryptocurrency exchange based in the Cayman Islands. Since then, CIIG Technologies has now announced that Cryptocay.ky is preparing for its official launch.

CryptoCay logo

After over a year of research, development and tweaking Cryptocay.ky is nearing its completion and will soon be ready for use by cryptocurrency traders from across the globe. Cryptocay.ky is aimed at both amateur and professional traders, with Head of Marketing and Promotions, Malcolm Hurlston stating, “We want to be more than just another exchange, we want to help educate those that haven’t taken the dive into the Cryptocurrency world. We want to become the Cryptocurrency Hub of the Caribbean.”

Marketplace

Cryptocay.ky will boast markets for Bitcoin, Ethereum, Litecoin, Ripple, OmiseGo and many more. By staying up to date with the latest updates in the markets, Cryptocay will aim to give its users the most competitive rates for Limit Orders and flexibility for Market Orders. There will be over 25 markets to trade from at launch, with more to come as the exchange expands.

Security Where it Matters

Cryptocay.ky will have a fully dedicated privacy and security system that will protect both the user and their assets. User safety is priority for Cryptocay.ky, with the same integrity and accuracy that is applied to the Cayman banking industry being applied to the platform. Trustworthiness, clarity and security are core values that every Cayman Islands Investment Group company will be based on.

Follow all social media channels to see the planned release date and get ready to Trade in Paradise.

Founded in 2018, Cayman Islands Investment Group Ltd. is an Internet Commerce Company. Cryptocay.ky will offer a wide range of products and services designed to broaden the possibilities of commerce in the Caribbean.

Cayman Islands Investment Group Ltd. is a Registered Company of the Cayman Islands.

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

Logo - https://mma.prnewswire.com/media/838272/CryptoCay_Logo.jpg

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