Daily Archives: May 12, 2018

Arbitrade Completes the Purchase of the First of the Mandela Golden Hands Artifacts

A solid gold cast of Nelson Mandela’s iconic raised fist sold for $2 million

NEW YORK, May 11, 2018 (GLOBE NEWSWIRE) — Mr. Leonard Schutzman, Chairman and Chief Executive of Arbitrade, a leading coin and cryptocurrency exchange, said today the company had purchased the first item of the Nelson Mandela Golden Hands Collection. It was, he said, a solid gold cast of Mandela’s fist made during his lifetime by the Harmony Gold company at his home in Johannesburg in 1964.

Arbitrade had made the purchase in accordance with the contract drawn up with the seller, Mr. Malcolm Duncan, a South African businessman in March 2018, whereby the company had agreed to buy the iconic collection that includes 3 life size impressions of Mandela’s hand and 2 others of his palm and the fist.  The contract calls for Arbitrade to buy one item of the collection at quarterly intervals throughout the course of this year. East of the three remaining will cost $2.5 million.

Mr. Schutzman said, the company was pleased to have agreed to purchase the collection and was especially pleased to have acquired the 1964 cast of Mandela’s fist. “It’s interesting to note that when it came to casting the fist, Mandela insisted on placing his thumb next to his fingers as opposed to in front. He deemed it a less aggressive representation of his victory of apartheid. It was typical of the man.”

Mr. Schutzman went on to say that apart from it being an expression of the company’s deep admiration for Mandela in this, the 100th anniversary year of his birth, it was also an expression of the company’s attachment to gold and all that South Africa has done through the years in supporting the gold industry.  “We intend to acquire significant amounts of gold in the coming months in order to back the coins that Arbitrade will be producing.  In acquiring the collection, we feel we had made an exceptional investment and that it is singularly appropriate that we should mark our company’s interest and our intentions through the acquisition of this iconic collection.”

Mr Schutzman said Arbitrade intends to show the fist in the coming weeks and even before taking possession of the entire collection, had pledged, with Mr. Duncan’s support, to exhibit the artifacts in various overseas capitals. “We want as many people as possible to see the collection and to recall Mandela and his life and times,” he said.

Mr. Schutzman said, it was Harmony’s intention to make a full set of artifacts including the fist, to mark each of the 27 years Mandela has spent behind bars.  “Our set is dedicated to 1964 and 1990, marking the year Mandela was first incarcerated on Robben Island and the year he walked through the prison gates a free man.”

He confirmed the complete set and the fist had been authenticated by Harmony Gold and is in the possession of Arbitrade together with several photographs of Mandela making the cast at his home in Johannesburg. He said these artifacts are believed to be part of an only surviving set.  All others having been destroyed by order of Nelson Mandela.

ARBITRADE, through its proprietary software and strategic partnerships, plans to be in all segments of the cryptocurrency business, including currency mining, trading (The ARBITRADE Exchange) gift cards, debit cards, money transfer and Point of Sale processing.

Media Contact:
Victor Webb
Marston Webb International
T: (212) 684-6601, C: (917) 887-0418
e-mail: marwebint@cs.com

Enclosures:

1 Photograph of Mandela and Harmony making the casts of Mandela’s hands.
1 Letter of Authenticity covering the fist from Harmony Gold.

Photos accompanying this announcement are available at
http://resource.globenewswire.com/Resource/Download/bc285f28-3c2a-4a30-bad8-a5eef37d040f

http://resource.globenewswire.com/Resource/Download/2579ed98-e5ea-4442-acfb-76f7a84a35db

Arbitrade Completes the Purchase of the First of the Mandela Golden Hands Artifacts

A solid gold cast of Nelson Mandela’s iconic raised fist sold for $2 million

NEW YORK, May 11, 2018 (GLOBE NEWSWIRE) — Mr. Leonard Schutzman, Chairman and Chief Executive of Arbitrade, a leading coin and cryptocurrency exchange, said today the company had purchased the first item of the Nelson Mandela Golden Hands Collection. It was, he said, a solid gold cast of Mandela’s fist made during his lifetime by the Harmony Gold company at his home in Johannesburg in 1964.

Arbitrade had made the purchase in accordance with the contract drawn up with the seller, Mr. Malcolm Duncan, a South African businessman in March 2018, whereby the company had agreed to buy the iconic collection that includes 3 life size impressions of Mandela’s hand and 2 others of his palm and the fist.  The contract calls for Arbitrade to buy one item of the collection at quarterly intervals throughout the course of this year. East of the three remaining will cost $2.5 million.

Mr. Schutzman said, the company was pleased to have agreed to purchase the collection and was especially pleased to have acquired the 1964 cast of Mandela’s fist. “It’s interesting to note that when it came to casting the fist, Mandela insisted on placing his thumb next to his fingers as opposed to in front. He deemed it a less aggressive representation of his victory of apartheid. It was typical of the man.”

Mr. Schutzman went on to say that apart from it being an expression of the company’s deep admiration for Mandela in this, the 100th anniversary year of his birth, it was also an expression of the company’s attachment to gold and all that South Africa has done through the years in supporting the gold industry.  “We intend to acquire significant amounts of gold in the coming months in order to back the coins that Arbitrade will be producing.  In acquiring the collection, we feel we had made an exceptional investment and that it is singularly appropriate that we should mark our company’s interest and our intentions through the acquisition of this iconic collection.”

Mr Schutzman said Arbitrade intends to show the fist in the coming weeks and even before taking possession of the entire collection, had pledged, with Mr. Duncan’s support, to exhibit the artifacts in various overseas capitals. “We want as many people as possible to see the collection and to recall Mandela and his life and times,” he said.

Mr. Schutzman said, it was Harmony’s intention to make a full set of artifacts including the fist, to mark each of the 27 years Mandela has spent behind bars.  “Our set is dedicated to 1964 and 1990, marking the year Mandela was first incarcerated on Robben Island and the year he walked through the prison gates a free man.”

He confirmed the complete set and the fist had been authenticated by Harmony Gold and is in the possession of Arbitrade together with several photographs of Mandela making the cast at his home in Johannesburg. He said these artifacts are believed to be part of an only surviving set.  All others having been destroyed by order of Nelson Mandela.

ARBITRADE, through its proprietary software and strategic partnerships, plans to be in all segments of the cryptocurrency business, including currency mining, trading (The ARBITRADE Exchange) gift cards, debit cards, money transfer and Point of Sale processing.

Media Contact:
Victor Webb
Marston Webb International
T: (212) 684-6601, C: (917) 887-0418
e-mail: marwebint@cs.com

Enclosures:

1 Photograph of Mandela and Harmony making the casts of Mandela’s hands.
1 Letter of Authenticity covering the fist from Harmony Gold.

Photos accompanying this announcement are available at
http://resource.globenewswire.com/Resource/Download/bc285f28-3c2a-4a30-bad8-a5eef37d040f

http://resource.globenewswire.com/Resource/Download/2579ed98-e5ea-4442-acfb-76f7a84a35db

 

Tension escalates in Gaza Strip

A Palestinian was killed and at least 170 were wounded by Israeli army fire Friday during the seventh weekly border protest of Gaza residents.

The number of dead people in the anti-Israel conflict has risen to 44. The protest is expected to culminate on May 15, when Palestinians will mark the 70th anniversary of the Catastrophe, when hundreds of thousands of Palestinians were displaced when the new Israeli government was established in May 1948.

UN Secretary General Antonio Guterres and the EU have called for an independent investigation on the Gaza incident, which has been dismissed by Israel.

Source: VOV5

Khau Vai Love Market Festival opens in Ha Giang

This year’s festival coincides with the 6th National Then Singing Festival of the Tay, Nung, and Thai ethnic groups and a ceremony to declare a plan for the National Stone Plateau tourist site in Ha Giang province.

Khau Vai Love Market Festival features traditional values and cultural identities of ethnic groups in Ha Giang.

Source: VOV5

Vietnam, Sweden boost economic, trade ties

Economic and trade ties are a bright spot of the cooperative relationship between Vietnam and Sweden, said Deputy Prime Minister Vuong Dinh Hue.

Deputy PM Hue made the statement while receiving Swedish Ambassador to Vietnam Pereric HAlgberg and Chairman of Comvik International Vietnam AB M.A. Zaman in Hanoi on Friday. He praised Comvik’s contributions to the successes of Swedish businesses in Vietnam and called on the group to connect Swedish investors with the country. Ambassador HAlgberg said that as the two countries will mark 50 years of their diplomatic ties next year, a bilateral business summit will be held by the Swedish Embassy.

Source: VOV5

Vietnam, Poland boost friendship, cooperation

Poland’s Constitution Day was marked at a gathering in HCM City on Friday to strengthen solidarity, friendship, and cooperation between Vietnamese and Polish people.

Polish Ambassador to Vietnam Barbara Szymanowska said she believes that the traditional friendship between Vietnam and Poland will further expand and the two countries will continue cooperating to build a better future for each side.

President of the Vietnam-Poland Friendship Association’s Ho Chi Minh City chapter, Nguyen Dang Cuong highlighted the historic moment when Poland’s Constitution, the first constitution of its kind in Europe, was adopted 227 years ago, marking the birth of many political concepts that still exist today. He said the traditional ties between Vietnam and Poland are being nurtured by the two countries’ leaders and people.

Source: VOV5

World leaders congratulate Malaysian PM Mahathir Mohamad

Congratulatory messages poured in for Malaysia’s new Prime Minister Mahathir Mohamad on Friday.

UN Secretary General Antonio Guterres congratulated Mr. Mohamad on a succesful election and said the UN hopes to have close cooperation with Malaysia on issues of mutual interests.

Chinese Premier Li Keqiang and Indian Prime Minister Narendra Modi sent greetings, expressing their hope to boost ties with Malaysia in the near future.

Sri Lankan Prime Minister Ranil Wickremesinghe also sent his congratulatory message to PM Mohamad.

Source: VOV5