Daily Archives: November 29, 2017

Williams Scotsman Completes Previously Announced Business Combination

  • Williams Scotsman is a specialty rental services market leader providing modular space and portable storage solutions across North America
  • Williams Scotsman will trade on NASDAQ under ticker symbol “WSC”
  • Transaction provides significant capital to further Williams Scotsman’s strategic objectives

BALTIMORE, Nov. 29, 2017 (GLOBE NEWSWIRE) — Williams Scotsman International Inc. (“WSII”) and Double Eagle Acquisition Corp., a NASDAQ-listed special purpose acquisition company, today announced that they have completed the previously announced stock purchase agreement. Under the agreement, Double Eagle Acquisition Corp. has changed its name to WillScot Corporation and purchased all of the outstanding shares of WSII for an aggregate purchase price of $1.1 billion. Beginning November 30, 2017, the Class A common stock and public warrants of WillScot Corporation will be traded on the NASDAQ stock exchange under the ticker symbols “WSC” and “WSCWW,” respectively.

WSII also today closed its previously announced offering of $300 million in aggregate principal amount of 7.875% senior secured notes due 2022 and a new $600 million secured revolving facility against which it has drawn $190 million.

Brad Soultz, president and chief executive officer of Williams Scotsman, commented, “We are very excited for the return of Williams Scotsman to the public markets. Our capital structure provides us ample flexibility to continue to fund and drive forward our business objectives. As a public company, Williams Scotsman is well positioned to capitalize on additional strategic growth opportunities and will be better positioned to serve our customers and stakeholders. Finally, I would like to thank all of our employees, customers, and vendors for their continued support of Williams Scotsman and look forward to collaborating further on the many opportunities ahead.”

Gerry Holthaus, chairman of Williams Scotsman’s board of directors, commented, “Today marks an important milestone for Williams Scotsman, and we are excited to take this next step in our evolution. As a modular space industry pioneer in North America, Williams Scotsman will continue to build upon its reputation as a specialty rental services market leader that provides innovative modular space and portable storage solutions.”

About Williams Scotsman
Headquartered in Baltimore, Maryland, Williams Scotsman is a specialty rental services market leader providing innovative modular space and portable storage solutions across North America. Williams Scotsman is the modular space supplier of choice for the construction, education, health care, government, retail, commercial, transportation, security and energy sectors. With over half a century of innovative history, organic growth and strategic acquisitions, its branch network includes over 90 locations, its fleet comprises 76,000 modular space and portable storage units and its customer base has grown to more than 25,000.

About WillScot Corporation
Headquartered in Baltimore, Maryland, WillScot Corporation is the public holding company for the Williams Scotsman family of companies in the United States, Canada and Mexico. Prior to its acquisition of WSII and contemporaneous name change to WillScot Corporation, Double Eagle Acquisition Corp. was a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination. The company began trading on the NASDAQ stock exchange in September 2015 and, prior to its combination with WSII in November 2017, its Class A ordinary shares, units and warrants traded on NASDAQ under the ticker symbols EAGL, EAGLU and EAGLW, respectively.

Contacts

For Investor Inquiries:

Mark Barbalato
investors@willscot.com

For Media Inquiries:

Scott Junk
Scott.Junk@willscot.com

VistaJet Achieves Highest Third Quarter Revenue in Its History

Record results as company continues to gain market share across all markets

  • Program Membership flights up 38% year-over-year
  • Record number of Program Membership hours flown, up 32% year-over-year
  • 25% of Program Membership growth from North American market
  • EBITDA grew 24% year-over-year

LONDON, Nov. 29, 2017 (GLOBE NEWSWIRE) — VistaJet, the first and only global business aviation company, is delighted to announce record results in its third quarter trading update, driven by the continued demand for the company’s flagship Program Membership with a 38% increase in revenue. The Program segment achieved a record 32% increase of new flights hours flown compared to Q3 2016.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4fdcbdf1-108d-4c15-bc20-88d80cfbf9e1

A core driver to VistaJet’s Program Membership growth came from its North American market, seeing a 25% growth in its US-based customers in the third quarter alone. VistaJet also saw its largest increase in flight hours from North America, up 22%, representing yet another quarter of double-digit year-over-year growth.

Over the same period, VistaJet achieved a 24% rise in EBITDA thanks to its unique global infrastructure and the investment into its proprietary technology.

Today’s update yet again demonstrates the global trend of individuals and corporations moving away from aircraft ownership as they look to reduce costs and asset risks, but not the comfort, convenience and benefits of business aviation. Supporting this trend was the recent $150 million investment from Rhône Capital announced in August, now valuing VistaJet equity in excess of $2.5 billion. The company is well positioned to attract even more fractional and full aircraft owners in the US market, by offering global coverage, consistent unparalleled quality and maximum efficiency.

“Today’s record results are yet another milestone in VistaJet’s history and prove the global demand for our unique model and ability to shake up the business aviation industry. It is clear that in today’s On Demand economy, individuals want the flexibility and cost-effectiveness of the VistaJet Program,” said Thomas Flohr, VistaJet’s Founder and Chairman. “I am also extremely pleased with the continued growth we are making in the US, the largest business market in the world. The progress has been made on the back of positive feedback from customers who are continually recommending VistaJet to their peers for its unrivalled and consistent level of service, anytime and anywhere they fly. We are excited to continue building VistaJet’s leading position in the industry thanks to our customers’ trust and support.”

About VistaJet
VistaJet is the first and only global aviation company. On its fleet of silver and red business jets, VistaJet has flown corporations, governments and private clients to 187 countries worldwide. Founded in 2004 by Thomas Flohr, the company pioneered an innovative business model where customers pay only for the hours they fly, free of the responsibilities and asset risks linked to aircraft ownership. VistaJet’s signature Program service offers customers a bespoke subscription of flight hours on its fleet of mid and long-range jets, to fly them anywhere and at any time.

More VistaJet information and news at vistajet.com.

Information

Jennifer Tyler
VistaJet International
T: +44 (0) 203 617 3077
M: +44 (0) 7834 335505
jennifer.tyler@vistajet.com

James Leviton
Finsbury
T: +44 207 251 3851
VistaJet@finsbury.com

Nasdaq Wins Best Clearing Technology of the Year by Risk.net

STOCKHOLM, Sweden, Nov. 29, 2017 (GLOBE NEWSWIRE) — The Market Technology business of Nasdaq (Nasdaq:NDAQ) has won ‘Best Central Counterparty Clearing Support Product of the Year’ awarded by Risk.net. The winning entry focused on the Nasdaq Financial Framework. The solution, originally launched in 2016, incorporates the world’s leading multi-asset and real-time clearing, settlement and risk management. It represents a harmonized approach to delivering robust post-trade capabilities in an open, agile environment.

“We are thrilled to have won this prestigious award by Risk.net,” said Lars Ottersgård, Executive Vice President and Head of Market Technology, Nasdaq. “This recognition is a true testament to our technology and product teams who have relentlessly worked to evolve our solutions over the past year. Post-trade technology has now become one of—if not the most—integral and complex parts of market infrastructure. We look forward to continuing to innovate in this space and pushing the boundaries of how post-trade technology enhances and strengthens the capital markets.”

Nasdaq’s Post-Trade Solution:

  • Enables clearinghouses to handle the full-range of post-trade functions (clearing, settlement, and depository, including risk and collateral management) across multiple asset classes, covering securities, exchange-traded derivatives and over-the-counter derivatives across equities, fixed income, currencies and commodities;
  • Improves operational efficiency for both the clearinghouse, its market participants and end-investors;
  • Enhances capital and collateral efficiencies for its market participants, including end-investors;
  • Improves and differentiates the customer experience, interaction and use of its services;
  • Adopts best-in-class international practices within a robust regulatory framework;
  • Ensures that the Nasdaq platform is prepared for increasing cross-border trading programs;
  • Supports new product and service opportunities within and contiguous to the post-trade value chain and enable clearinghouses to pursue these; and,
  • Allows clearinghouses to take advantage of the emergence of new financial technologies such as distributed ledgers based on blockchain technology, and help bring them to market quickly in areas where they make sense.

Nasdaq’s market infrastructure technologies, including trading, real-time risk, index, clearing, CSD and market surveillance systems are operated in more than 100 marketplaces, regulators, clearinghouses and central securities depositories across the Americas, Europe, Asia, Australia, Africa, the Middle East and the Caribbean.

About Nasdaq

Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $12 trillion. To learn more, visit: http://business.nasdaq.com

For Media Inquiries

Nasdaq
Ryan Wells
ryan.wells@nasdaq.com
Direct: +44 (0) 20 3753 2231
Mobile:  +44 (0) 7809 596 390

NDAQG

OLYMPUS LABS LAUNCHES PRE-ICO BRINGING A NEW FINANCIAL ECOSYSTEM TO THE BLOCKCHAIN WORLD

New York, NY, Nov. 28, 2017 (GLOBE NEWSWIRE) — As blockchain and cryptocurrency companies continue to raise millions of dollars in funding, there’s an urgent need in the market for companies and investors to be able to better manage its cryptocurrency assets with hedging products and tools. Olympus Labs believes that by offering financial tools and protocol, crypto- based companies and investors will be able to have more control by protecting their downside risk in an otherwise extremely volatile market.

“Olympus Labs is an integrator of cryptocurrency-based financial products (e.g., indices, ETFs, options, futures, etc.). Olympus, third-party financial product developers, and Fintech applications build the products which include but are not limited to exchanges, market analytics tools, payment services, etc. (e.g., Kyber, Shapeshift, Sentiment),” explains Kai Chen, CEO of Olympus Labs.

On November 27, 2017 due to the high demand from outside investors Olympus Labs opened its doors for its Pre-ICO token sale.

The Olympus product is viable and has huge long-term potential. As for competition, it fills an evidently empty space in the cryptocurrency market, practically guaranteeing that Olympus’ offerings will be used—and that this usage will generate profits. Olympus’s mission is to “define the protocol for crypto-based derivatives,” and it seems clear that these products will help mature the market beyond the current spot market.

The first of Olympus’s products will allow one to borrow and lend bitcoin. Cryptocurrency index funds will be the second Olympus product to hit the market. These index funds will allow investors to buy into multiple cryptocurrencies at once, with profits moving with the market as a whole instead of with individual spot cryptocurrencies. Through customizable fintech-focused smart contracts, exchanges will be able to quickly and easily make their own indices which track the overall trend of cryptocurrencies traded on that exchange.

To Participate in the Pre-ICO

The Olympus Labs Token Sale started at 8 pm (GMT+8/UTC 12pm), 27 November 2017, and ends at 8pm (GMT+8/UTC 12 pm), 3 December 2017.Olympus Presale terms: Investors contributing more than 100 ETH, will get 10% bonus (1 ETH = 677 Olympus tokens). This will take place after ICO, and those who passed the KYC process, will be issued MOT, the rest who failed in KYC, will be refunded with ETH. For additional information and terms of the sale please visit the Olympus Labs website.

During the registration period (27 November 2017 to 3 December 2017), please visit https://kyc.olympuslabs.io/.

Note: Information regarding the token sale will ONLY be disseminated on our official communication channels: our official website and our official telegram group.

About OLYMPUS LABS

Olympus is led by a cohesive team with extensive expertise in both the traditional financial markets and blockchain technology. Olympus Founder and CEO Kai Chen started his career on Wall Street with Morgan Stanley, and he later went on to work for McKinsey and PIMCO. Our development team includes Google’s former development community lead for China. On the business side, we have Danielle Sabrina, a highly sought-after marketing expert and veteran of several successful ICOs, and has helped her clients achieve prestigious awards such as Inc 500, Forbes Next Billion Dollar Startup, Entrepreneur 360 among other top level recognition. Danielle’s work has also been featured in Huffington Post and Entrepreneur. Olympus also has a strong advising board made up of former executives at Morgan Stanley and McKinsey.

OLYMPUS LABS Social Media

For more information about Olympus Labs and the launch of the pre-ICO, please visit https://olympuslabs.io/web; on Twitter @olympuslabsbc and Telegram at https://t.me/olympuslabs.

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/a88937da-05db-437e-92f0-07cc02b4dd8f

Danielle Sabrina
Olympus Labs
pr@oympuslabs.io

Sharde' Brown
What Vibes Your Tribe
press@wvytmedia.com

Party leader: The fight against corruption is carried out more systematically

Party General Secretary Nguyen Phu Trong briefed voters on the results of the just-concluded 4th session of the 14th National Assembly at a meeting in Hanoi on Wednesday.

He told voters of Tay Ho, Ba Dinh, and Hoan Kiem district that all their opinions will be forwarded to the Assembly and relevant agencies. He said the fight against corruption has been carried out more systematically, but there is more to be done, including investigation, assessment, and confiscation of corrupted assets. He said The changes have not been strong at the lower levels. We need to make greater efforts. To do so, we need the wholehearted support of the people and the participation of everybody.

The Party leader explained the reason of delayed approval of the bill on anti-corruption that more thorough discussions are required to ensure the law’s effectiveness.

The voters applauded the National Assembly session, saying that its Q and A session has lived up their expectations.

Source: VOV5

NA Chairwoman calls for celebrations of 45th anniversary of diplomatic ties with Australia

National Assembly Chairwoman Nguyen Thi Kim Ngan said Vietnam supports Australia and creates favorable conditions for friendship organizations in education, culture, and humanitarian relief.

At a reception for President of the Australia-Vietnam Friendship Society Kim Sampson on Wednesday as part of her visit to Australia, Ms. Ngan praised the Society for its practical activities that help boost friendship between the two peoples.

The top legislator suggested that friendship organizations of the two countries work closely to mark the 45th anniversary of Vietnam-Australia diplomatic ties in 2018.

Mr. Sampson said he is honored to help Vietnam promote its achievements to the Australian public. He pledged to boost people-to-people diplomacy between the two countries.

On the same day, while receiving Australian students following training courses in Vietnam under the new Colombo Plan, Assembly Chairwoman Ngan applauded the Australian government for granting 100 million USD for scholarships in Indo-Pacific countries. She described the program as very meaningful as it enhances awareness of Asia and strengthens Australia’s links with regional countries. Ms. Ngan said many Vietnamese institutions and organizations are ready to receive the students, who will gain experience and contribute to Australian development and to the relationship with Vietnam.

Source: VOV5

UN Security Council to hold emergency meeting over North Korea

The UN Security Council will organize an emergency meeting on Thursday following North Korea’s latest missile test.

The meeting was requested by Japan, South Korea, and the US. The Japanese Defense Ministry strongly condemned the missile test, saying that the missile traveled 1,000 kilometers before falling into its exclusive economic zone. US President Donald Trump and his South Korean counterpart Moon Jae-in during a telephone conversation agreed that nuclear weapons weaken North Korea’s security and isolate it diplomatically and economically.

Source: VOV5