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eRevMax reports strong recovery signals for Malaysian hotel sector

Advance bookings reach almost 95% in August, compared to January, showing extremely positive sentiment among bookers.

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(1888PressRelease) August 28, 2020 – Advance hotel bookings is on the rise for Malaysian hotels, even though international travel is off limits, as per latest report from travel technology leader eRevMax. The company has been tracking reservation trends for its connected properties since the beginning of the pandemic and is now witnessing reservation growth in various geographies worldwide.

Holding January 2020 as constant and computing the % change across the following months, this report reflects the reservation trends, based on data processed by eRevMax for its client hotels in Malaysia.

Malaysia – Positive Travel Sentiment
Malaysia closed its borders to international tourism in March, like the rest of the world. The South East Asian country, which was one of first to get hit by the coronavirus, started opening travel and tourism activities since June. It relaxed its lockdown measures and allowed interstate travel to resume and opening of various services including amusement and water parks, spa, and reflexology centres, among others. In July, Malaysia reopened its borders partially to medical tourists, and earlier this month, the country announced its travel bubble with Singapore.

The reopening announcement met with a surge in bookings. In July, the number of bookings processed by eRevMax, improved to 72% of January, and in August, it has reached almost 95% so far, showing extremely positive travel sentiment in Malaysia.

“The resilience of the hospitality sector has never failed to amaze me. It is very reassuring to see this revival in demand amidst a pandemic situation. If we look at Malaysia, January is the peak tourist season while July-August is relatively low on tourism activity. Seeing reservations close to high season level is a testimony to people embracing travel again as witnessed from the sharp growth in advance booking numbers,” commented Udai Singh Solanki, Co-CEO & CTO, eRevMax.

eRevMax continues to provide seamless connectivity and business intelligence solutions to thousands of hotels worldwide. It is constantly monitoring booking data across geographies. The company plans to publish country reports for key markets to showcase relevant booking trends and traveller expectations for hotels to use and rebuild their distribution strategies.

About eRevMax: eRevMax is a travel technology company that assists hotels through channel management, rate intelligence and connectivity solutions. The company connects multiple online channels to the hotels’ PMSs to seamlessly deliver ARI updates and reservations. eRevMax is known for its stable solutions with 99.9% product uptime and provides 24×7 customer support. It works closely with around 400 channel and technology partners assisting over 9000 hotels worldwide to increase revenue opportunities and streamline business processes. It is the connectivity partner of choice for large hotel groups, mid-scale chains as well as independent properties in both luxury and budget segment worldwide providing solutions through its core product brands – RateTiger, LiveOS and AgentX101.

For more details, please visit https://www.erevmax.com/ or contact us on marketing ( @ ) erevmax dot com

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Source: https://www.1888pressrelease.com/erevmax-reports-strong-recovery-signals-for-malaysian-hotel-pr-679624.html

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ROSEN, A LEADING AND LONGSTANDING LAW FIRM, Reminds Neovasc Inc. Investors of Important Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $100K to Contact the Firm – NVCN

NEW YORK, Nov. 25, 2020 /PRNewswire/ — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Neovasc Inc. (NASDAQ: NVCN) between November 1, 2019 and October 27, 2020, inclusive (the “Class Period”) of the important January 5, 2021 lead plaintiff…

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NEW YORK, Nov. 25, 2020 /PRNewswire/ — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Neovasc Inc. (NASDAQ: NVCN) between November 1, 2019 and October 27, 2020, inclusive (the “Class Period”) of the important January 5, 2021 lead plaintiff deadline in the case. The lawsuit seeks to recover damages for Neovasc investors under the federal securities laws.

To join the Neovasc class action, go to http://www.rosenlegal.com/cases-register-1976.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the results of COSIRA, Neovasc’s clinical study for the Reducer, contained imbalances in missing information present in the control group versus the treatment group, including significant missing information for secondary endpoints but none for the primary endpoint; (2) the imbalance in missing information indicated that control subjects were aware of their treatment assignment (not blinded) and less inclined to participate in additional data collection; (3) blinding is critical when studying a placebo-responsive condition such as angina; (4) the lack of blinding assessment made the primary endpoint difficult to interpret; (5) as a result of the foregoing, the FDA was reasonably likely to require additional premarket clinical data; (6) as a result, the Company’s Premarket Approval application (PMA) for Reducer was unlikely to be approved without additional clinical data; and (7) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 5, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1976.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected].

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

 

SOURCE Rosen Law Firm, P.A.

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Source: https://www.prnewswire.com:443/news-releases/rosen-a-leading-and-longstanding-law-firm-reminds-neovasc-inc-investors-of-important-deadline-in-securities-class-action-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm–nvcn-301180870.html

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Hertz Global Holdings Announces Asset Purchase Agreement With Athene Holding For The Sale Of Donlen Corporation

ESTERO, Fla. and PEMBROKE, Bermuda, Nov. 25, 2020 /PRNewswire/ — Hertz Global Holdings, Inc. (OTCPK: HTZGQ) today announced that it has entered into a stock and asset purchase agreement to sell substantially all of the assets of its wholly-owned subsidiary, Donlen Corporation (“Donlen”),…

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ESTERO, Fla. and PEMBROKE, Bermuda, Nov. 25, 2020 /PRNewswire/ — Hertz Global Holdings, Inc. (OTCPK: HTZGQ) today announced that it has entered into a stock and asset purchase agreement to sell substantially all of the assets of its wholly-owned subsidiary, Donlen Corporation (“Donlen”), a fleet management leader, to Athene Holding Ltd. (“Athene”) (NYSE: ATH), a leading financial services company, for an anticipated cash payment of $825 million subject to adjustments for fleet equity, working capital and assumed debt. Hertz anticipates that these adjustments will result in a purchase price at closing of at least $875 million.

Hertz President and CEO Paul Stone said, “The agreement to sell our Donlen business is another significant accomplishment for Hertz during our financial restructuring, following the $1.65 billion debtor-in-possession financing and $4 billion fleet financing recently approved by the Bankruptcy Court. As we continue to work to position Hertz and our business for the future, we believe this transaction provides significant additional flexibility to help us achieve our strategic and financial objectives. At the same time, customers will continue to be able to benefit from Donlen’s commitment to excellence in fleet management solutions and service.”

Donlen President Tom Callahan added, “We are pleased with this opportunity to position Donlen’s business for continued long-term success and appreciate Athene’s commitment to continuing our tradition of high-quality service, customer satisfaction, and award-winning fleet management, working with our talented employees. Our fleet customers remain our top priority and we look forward to continuing to be a trusted partner providing high levels of customer satisfaction, impactful technology and fleet solutions.”

Athene Chairman and CEO Jim Belardi said, “We are excited about the opportunity to partner with the strong team at Donlen to acquire an industry-leading fleet management franchise that is well-suited to meet our objective of sourcing attractive, differentiated long-term investments for our growing portfolio. In support of the business, strengthening the balance sheet and its significant growth opportunity, we are making an upfront investment of approximately $1 billion, and we are prepared to provide incremental capital that would support approximately $2 billion of additional growth in the fleet. We plan to support Donlen with resources to invest in technology and grow their team, which will enable them to continue offering best-in-class service to their long-standing customer base.”

The agreement with Athene was reached following an initial marketing process. If approved by the Bankruptcy Court at a hearing anticipated for December 16, 2020, the agreement with Athene will serve as the “stalking horse bid” in a court-supervised sales process, and the agreement will establish a minimum sale price for Donlen. Hertz expects to conduct a competitive auction process pursuant to Bidding Procedures that will be subject to approval by the Bankruptcy Court to ensure Hertz receives the highest and best offer for the Donlen business.

White & Case LLP is serving as Hertz’s legal advisor, Moelis & Co. is serving as investment banker, and FTI Consulting is serving as Hertz’s financial advisor.

Information related to the Chapter 11 proceedings and access to Court documents for Hertz Global Holdings, Inc. and Donlen can be found at https://restructuring.primeclerk.com/hertz/.

About Hertz and Donlen

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc., operates the Hertz, Dollar and Thrifty vehicle rental brands throughout North America, Europe, the Caribbean, Latin American, Africa, the Middle East, Asia, Australia and New Zealand. The Hertz Corporation is one of the largest worldwide vehicle rental companies, and the Hertz brand is one of the most recognized globally. In addition to owning the vehicle leasing and fleet management leader Donlen Corporation, The Hertz Corporation operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets and sells vehicles through Hertz Car Sales. For more information, visit www.hertz.com.

Donlen develops innovative fleet management technology solutions and offers a proactive, hands-on approach to customer service. Donlen has been named one of the Best and Brightest Companies to Work For® in Chicago and in the Nation for six consecutive years. For more than 55 years, Donlen has empowered its customers to focus on their core business and drive continuous improvement in their fleet’s operational and financial performance. Headquartered in Bannockburn, Ill., Donlen is a wholly owned subsidiary of Hertz Global Holdings. For more information about Donlen’s best-in-class fleet management solutions, visit www.donlen.com.

About Athene

Athene, through its subsidiaries, is a leading retirement services company that issues, reinsures and acquires retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. The products offered by Athene include:

  • Retail fixed, fixed indexed and index-linked annuity products;
  • Reinsurance arrangements with third-party annuity providers; and
  • Institutional products, such as funding agreements and the assumption of pension risk transfer obligations.

Athene had total assets of $191.1 billion as of September 30, 2020. Athene’s principal subsidiaries include Athene Annuity & Life Assurance Company, a Delaware-domiciled insurance company, Athene Annuity and Life Company, an Iowa-domiciled insurance company, Athene Annuity & Life Assurance Company of New York, a New York-domiciled insurance company and Athene Life Re Ltd., a Bermuda-domiciled reinsurer. Further information can be found at athene.com.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of federal securities laws.  Words such as “expect” and “intend” and similar expressions identify forward-looking statements, which include but are not limited to statements related to Hertz’s liquidity and potential financing sources; the bankruptcy process; Hertz’s ability to obtain approval from the Bankruptcy Court with respect to motions or other requests made to the Bankruptcy Court throughout the course of the Chapter 11 Cases; Athene’s willingness and ability to provide incremental capital; operation of the Donlen business subsequent to the close of the proposed transaction; and the ability to negotiate, develop, confirm and consummate a plan of reorganization.  Hertz and Athene (collectively, the “Companies”) caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that the Companies may not be able to accurately predict or assess, including those in each of the  risk factors of the Companies that are identified in each of their  most recent annual reports on Form 10-K for the year ended December 31, 2019, and any updates thereto in each of their respective quarterly reports on Form 10-Q and current reports on Form 8-K.  The Companies caution you not to place undue reliance on the forward-looking statements included herein, which speak only as of the date of this press release, and neither Hertz or Athene undertakes an obligation to update this information.

SOURCE Hertz Global Holdings

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Source: https://www.prnewswire.com:443/news-releases/hertz-global-holdings-announces-asset-purchase-agreement-with-athene-holding-for-the-sale-of-donlen-corporation-301180882.html

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La réunion du Conseil de l’Africa Link Union (ALU) exhorte le monde entier à redoubler d’efforts pour lutter contre la COVID-19 par la solidarité et la coopération

BEIJING, 26 novembre 2020 /PRNewswire/ — Une déclaration conjointe de la CCTV Video News Agency (CCTV+), filiale de China Media Group (CMG), et de 11 grands médias africains a été publiée le 25 novembre, lors de la cinquième réunion du Conseil de l’Union Africa Link (ALU). Teng Yunping,…

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BEIJING, 26 novembre 2020 /PRNewswire/ — Une déclaration conjointe de la CCTV Video News Agency (CCTV+), filiale de China Media Group (CMG), et de 11 grands médias africains a été publiée le 25 novembre, lors de la cinquième réunion du Conseil de l’Union Africa Link (ALU). Teng Yunping, PDG de China Global Television Network Corporation (CGTNC), président de CCTV+, et des représentants des membres d’ALU ont signé cette déclaration afin de renforcer un partenariat médiatique Chine-Afrique vigoureux dans la lutte contre la COVID-19, promouvoir efficacement la construction d’une communauté sino-africaine avec un avenir commun, et construire une communauté mondiale ayant pour objectif la santé pour tous.

Le secrétaire d’ALU a présenté le rapport de travail de l’année dernière. Des représentants de l’ALU, dont la Kenya Broadcasting Corporation et la Sudan National Broadcasting Corporation ont exprimé leur reconnaissance concernant l’efficacité d’ALU à promouvoir la coopération entre les médias et ont indiqué avoir découvert les efforts considérables consentis la Chine, menée par le Président Xi Jinping, pour lutter contre la pandémie grâce au mécanisme d’échange de nouvelles de l’ALU. Quant aux nouvelles transmises par les membres africains, elles annoncent au monde les progrès réels réalisés dans la lutte contre la pandémie en Afrique et dans la constitution d’une force conjointe puissante pour en venir à bout. Le représentant de la chaîne de télévision CGTN Français a partagé ses expériences en matière d’interviews, d’édition et de reportages dans la situation pandémique, et a également proposé certaines initiatives spécifiques, notamment la mise en place d’un mécanisme efficace de partage de contenu entre les médias chinois et africains, afin d’assumer une responsabilité sociale en tant que média et de construire un discours international plus ordonné. Le représentant de CCTV+ a déclaré que cette année marque le 20e anniversaire de la création du Forum sur la coopération sino-africaine. L’ALU continuera de promouvoir la coopération entre les médias chinois et africains sur la base du principe de « sincérité », « résultats réels », « affinité » et « bonne foi », afin de travailler avec les membres de l’ALU pour approfondir la compréhension mutuelle et la fraternité entre les peuples chinois et africains. L’an dernier, les membres de l’ALU ont échangé plus de 12 000 nouvelles et 7 membres ont remporté des prix.

Six médias africains de Tanzanie, du Bénin, du Kenya et de Cameron sont devenus membres officiels de l’ALU. Les représentants des médias susmentionnés ont exprimé leur volonté de lancer une coopération plus étendue avec les médias mondiaux par l’intermédiaire de l’ALU. Jusqu’à présent, 35 organisations de médias de 28 pays africains ont rejoint l’ALU.

L’ALU a été lancée en juin 2016 par CCTV+ et des médias de différents pays africains. Son objectif : promouvoir les échanges de nouvelles entre la Chine et l’Afrique, et raconter au monde les histoires de l’Afrique.

SOURCE CCTV+

Source: https://www.prnewswire.com:443/news-releases/la-reunion-du-conseil-de-l-africa-link-union-alu-exhorte-le-monde-entier-a-redoubler-d-efforts-pour-lutter-contre-la-covid-19-par-la-solidarite-et-la-cooperation-813599665.html

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