VICTORIA: Cann Group Limited is launching a range of imported medicinal cannabis products for supply to approved Special Access Scheme (SAS) patients. Cann has entered into a distribution agreement with Symbion Pty Ltd, which supplies healthcare services and products to more than 4000 retail pharmacies and 1300 hospitals throughout Australia. Symbion will carry Cann’s full…
Bouvet posts strong growth in operating revenues
OSLO: Bouvet ASA, a Scandinavian consultancy, announced operating revenues of NOK 460.9 million for the third quarter of 2019 ended 30 September 2019, compared with NOK 395.4 million in the same period of last year. Operating profit (EBIT) came to NOK 32.6 million, compared with NOK 20.1 million in the third quarter of 2018. Operating…
DOF Subsea gets contracts in Trinidad and GoM
OSLO: DOF Subsea has announced multiple contract awards from undisclosed clients in two important growing regions, Trinidad and US GoM. Skandi Neptune has been awarded a 3-year frame agreement for IMR and light construction services with a major operator in Trinidad. She will commence operation in Trinidad late November for the 1st offshore inspection campaign….
Emerge sings agreement to commercialise ArcadeX in South Africa
SUBIACO: Emerge Gaming Limited has signed a billing and distribution agreement for ArcadeX with leading South African full solutions mobile aggregator WorldPlay Mobile Solutions Emerge Gaming is the operator of online eSports and casual gaming tournament platform and lifestyle hub ArcadeX. WorldPlay is a direct carrier billing Aggregator and Content Distributor which provides mobile payment…
AppsVillage signs partnership agreement with Fundomate
SYDNEY: AppsVillage Australia Ltd, an SMB SaaS solutions provider, has signed a partnership agreement with Fundomate Incto offer AppsVillage SMB customers a fully automated, one-click funding solution. Fundomate is a US-based funding services provider that a one-click funding platform to small-to-medium-businesses across the USA. Providing small businesses with fast and easy financing, Fundomate’s entirely online…
Emirates Investment Bank posts decline in profits
DUBAI, UAE: Emirates Investment Bank (EIBank) announced its financial results for the first nine months of 2019 recording total comprehensive income for the nine-month period ended 30 September 2019 reaching AED 30.37 million as against AED 29.65 million same period in 2018. Net profit reached AED 21.50 million for the nine-month period ended 30 September…
Kigobaby becomes Jatenergy’s exclusive distributor in China
SHANGHAI: Jatenergy Limited has signed a distribution agreement with Kigobaby, a distributor of consumer products throughout China. The agreement was signed at the second China International Import Expo in Shanghai. The distribution agreement provides for Kigobaby to be the exclusive distributor in China of a single NEURIO product line, being NEUIRO Formulated Milk Powder with…
Exploration commences at Lamil Project in Western Australia
SUBIACO: AIC Mines Limited has commenced initial field work at its Lamil Gold-Copper project in the Paterson Province, East Pilbara, Western Australia. The Lamil Project is a conceptual exploration project with a previously unrecognised and untested Telfer look-alike “domal” aero magnetic signature. The project secures an area of 1,375km2 and is located midway between the…
Oatey acquires certain assets of Keeney Manufacturing Company
CLEVELAND–(BUSINESS WIRE)–Oatey Co., a leader in the plumbing industry, has acquired certain assets of The Keeney Manufacturing Company based in Newington, Connecticut. The transaction includes Keeney’s plastic injection molding operation in Winchester, New Hampshire; its distribution facilities in Buford, Georgia and Sparks, Nevada; and the stock of Keeney’s two international subsidiaries, Tubular Industries of Canada…
Vonex announces strong growth in recurring revenue
PERTH: Vonex Limited, telecommunications innovator, has achieved strong growth in annualised recurring revenue (ARR) $9 million as at the end of Q1 FY20. ARR excludes one-off sales revenue and does not factor in net churn as the business continues to deliver positive net growth in active users. The Company is well-positioned to continue growing its…
Global smartwatch shipments leap to 14mn units in Q3
BOSTON–(BUSINESS WIRE)–According to the latest research from Strategy Analytics, global smartwatch shipments grew an impressive 42 percent annually to reach 14 million units in the third quarter of 2019. Apple Watch maintained first position with 48 percent global smartwatch marketshare, while Samsung held second place, and Fitbit clung on to third. Steven Waltzer, Senior Analyst…
AM Best affirms credit ratings of Atradius Seguros de Crédito, S.A.
MEXICO CITY: AM Best has affirmed the Financial Strength Rating of A (Excellent), the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” and the Mexico National Scale Rating of “aaa.MX” of Atradius Seguros de Crédito, S.A. The outlook of these Credit Ratings (ratings) is stable. Atradius Mexico is a member of the Atradius group, which…