Crypto Exchange Platform Venice Swap Secures $100M Investment Commitment From GEM

The backing comes from GEM, a $3.4 billion alternative investment group

Gianluca Busato Venice Swap UAB

Gianluca Busato Venice Swap UAB

VENICE, Italy, April 21, 2022 (GLOBE NEWSWIRE) — Venice Swap, the Lithuanian-based one-stop crypto exchange platform led by the Venetian engineer and entrepreneur Gianluca Busato, announced today that it had secured a $100 million capital commitment in the form of a Token Subscription Facility from GEM Digital Limited (“GEM”).

GEM Digital Limited is a digital assets investment firm based in the Bahamas. GEM actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally.

Venice Swap intends to use the funds for global expansion and product development. The company owes its name to the extraordinary history of the Most Serene Republic of Venice as a naval and mercantile empire, which between Rialto and Piazza San Marco invented the very concept of a modern stock exchange. Just as the Serenissima did in the past, today Venice Swap intends to shape a new concept of crypto exchange where an ecosystem of different applications will create a highly liquid shared one-stop crypto experience for end users and traders, providing them with more and more new tools over time to satisfy their trading desires. Venice Swap will control the timing and maximum amount of drawdowns under this facility and has no minimum drawdown obligation.

Venice Swap launched the first release of its Crypto Exchange on March 2022 with spot, margin and P2P crypto trading functionalities for the top cryptocurrencies. Other features will be released in the following days and weeks, from the listing of the top cryptocurrencies and of new ERC20 and BSC BEP-20 tokens, to IEO features, referral system and much more. Venice Swap will also publish its DeFi Swap in a short time, a peer-to-peer system for trading ERC-20 tokens on the Ethereum and other blockchain networks like Polygon. The company created a very safe crypto ecosystem integrating high-performance transactional risk tools to prevent any abuse by illicit and shady players and increasing its compliance shield in a challenging era for all the crypto world after the last dramatic geopolitical events that stimulated an always increasing attention by regulators all over the world.

VENICE COIN is the utility token that powers Venice Swap ecosystem, used in all transactions related to distributed credits on its platform. VENICE follows ERC20 token standard on the Ethereum blockchain. In a few days, VENICE will be publicly available through an IEO on the Venice Swap exchange, before being listed on a first-tier crypto exchange to be announced soon.

About Venice Swap

Venice Swap UAB is a fintech company registered in Lithuania. It started its activity as Crypto Exchange Operator and Wallet Depository Operator in November 2021. Venice Swap UAB CEO is Mr. Gianluca Busato, engineer and entrepreneur with more than 20 years’ experience in leading teams and companies in the field of technological innovation and communication. For more information: https://veniceswap.com.

About GEM Digital Limited 

GEM Digital Limited is a digital assets investment firm based in the Bahamas. GEM actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally.

GEM is a $3.4 billion alternative investment group with operations in Paris, New York, and the Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in 70 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provides GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities, and select venture investments. For more information: https://gemny.com.

Contacts

For further information, please contact:
Debora Oliosi, pr@cocoamood.it
info@veniceswap.com
+39 0422 1862 427

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Image 1: Gianluca Busato Venice Swap UAB

Crypto Exchange Platform Venice Swap Secures $100M Investment Commitment from GEM

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EV Technology Group Starts Pilot of Subscription Service for Electric Vehicles, with MOKE France Signing Its First Customers

EV Technology Group Launches Electric Vehicle Subscription Service Pilot

Fabien de Labarre (Bo-House Partner), Willy Gruyelle (Moke France CEO), Antony Tardieu (Tardieu Immobilier Partner) in Saint-Tropez

SAINT-TROPEZ, France, April 21, 2022 (GLOBE NEWSWIRE) — EV Technology Group Ltd. (“EV Technology Group” or the “Company”) (NEO: EVTG) announces today that it has launched a pilot of an electric vehicle subscription service, through its subsidiary Moke France SAS (“Moke France”), signing its first customers, luxury real estate players, Bo-House and Tardieu Immobilier. The subscription model gives clients the opportunity to pay a monthly fee to drive a Moke, without the hassle of owning a car and having to deal with insurance, tax, servicing, etc., and is in line with the latest trends in terms of subscription experience. The initial price will be €650 per month with an anticipated average contract length of 36 months.

“This pilot serves as an important step to making the Moke Electric available to a wide range of users,” said Wouter Witvoet, CEO of EV Technology Group.

“It has been fantastic to see the initial reception in the market, with notable business-to-business customers jumping on the opportunity to get one of the first Moke Electric vehicles which are becoming available this summer.”

“We’re delighted and proud to announce our first partnership with Bo-House and Tardieu Immobilier, two pillars of the luxury real estate industry in the Saint-Tropez region,” said Moke France CEO, Willy Gruyelle. “It was very important to partner with a player with deep local roots, but also a strong understanding of a demanding international clientele. Tardieu and Bo-House have been in the region since 1967, and have developed a strong expertise within the sector while always being able to reinvent themselves.”

“We deal with customers, through both purchase and rental transactions, that have everything they need in life. When they come to Saint-Tropez, they are looking for that special connection to make them feel adapted to the elegance of the Riviera, and Moke is the perfect car for that,” said Antony Tardieu, partner at Tardieu Immobilier and Bo-House.

Fabien de Labarre (Bo-House Partner), Willy Gruyelle (Moke France CEO), Antony Tardieu (Tardieu Immobilier Partner) in Saint-Tropez

Fabien de Labarre (Bo-House Partner), Willy Gruyelle (Moke France CEO), Antony Tardieu (Tardieu Immobilier Partner) in Saint-Tropez

The customised Mokes for Tardieu Immobilier and Bo-House will be seen in the streets of Saint-Tropez, and by their international clients, during the 2022 summer season.

“For the subscription service pilot, we’re starting with business clients that we have shared values with, as they are passionate with the Moke brand, but sometimes more hesitant with capital expenditures,” said Moke France CEO, Willy Gruyelle. “The idea came from the market—we innovated to suit the needs of a large base of B2B customers who love the brand and share our desire to bring it into the electric age.”

EV Technology Group
EV Technology Group was founded in 2021 with the mission of accelerating the adoption of electric vehicles, and the vision to champion the joy of motoring in an electric world. As passionate investors and operators of EV technology companies, EV Technology Group’s mission is driven by three core tenets: electric vehicles are the future; EVs will transform the way people live, work, and play; and there is an opportunity to accelerate the adoption of this technology by electrifying iconic driving experiences. To learn more visit: https://evtgroup.com/

Media
Rachael D’Amore
rachael@talkshopmedia.com
+1519-564-9850

Investor Relations
Dave Gentry
dave@redchip.com
+14074914498

EV Technology Group
Wouter Witvoet
CEO and Chairman of the Board
wouter@evtgroup.com

Forward-Looking Information

This news release contains forward-looking statements including, but not limited to, the pilot subscription service for electric vehicles, partnerships with Bo-House and Tardieu Immobilier and statements about the Company’s strategies, expectations, planned operations or future actions. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements, including those factors discussed under “Risk Factors” in the filing statement of the Company. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except where required by law. There can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8333f6b0-118d-4297-bfa6-9623e299734e

WillScot Mobile Mini Holdings to Participate in the Oppenheimer Industrial Growth Conference

PHOENIX, April 20, 2022 (GLOBE NEWSWIRE) — WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), the North American leader in modular space and portable storage solutions, today announced that Brad Soultz, Chief Executive Officer, Tim Boswell, President & Chief Financial Officer and Nick Girardi, Sr. Director of Treasury & Investor Relations, will present virtually and host private investor meetings during the 2022 Oppenheimer Industrial Growth Conference on Wednesday, May 4, 2022. The presentation will take place at 11:15 a.m. EDT.

About WillScot Mobile Mini Holdings

WillScot Mobile Mini Holdings trades on the Nasdaq stock exchange under the ticker symbol “WSC.” Headquartered in Phoenix, Arizona, the Company is a leading business services provider specializing in innovative flexible workspace and portable storage solutions. WillScot Mobile Mini services diverse end markets across all sectors of the economy from a network of over 275 branch locations and additional drop lots throughout the United States, Canada, Mexico, and the United Kingdom.

Additional Information and Where to Find It

Additional information can be found on the company’s website at www.willscotmobilemini.com

Contact Information

Investor Inquiries:

Nick Girardi
nick.girardi@willscotmobilemini.com

Media Inquiries:

Scott Junk
scott.junk@willscotmobilemini.com

Anaqua Strengthens AQX IP Management Platform with Automated IDS Solution

New automation tool will drive operational efficiencies, saving time and money, for IP professionals

BOSTON, April 20, 2022 (GLOBE NEWSWIRE) — Anaqua, the leading provider of innovation and intellectual property management technology, today announced plans for the release of its new automated information disclosure solution as part of its AQX IP management offering for corporations and law firms. The new system will help IP professionals save time and money by streamlining and automating the IDS process.

By integrating with USPTO (Private PAIR) and leveraging optical character recognition (OCR) technology on PTO forms (892 and 1449), and international forms and search reports, Anaqua’s IDS system automatically extracts and processes data into an IDS form (SB/08) in just one click. The system also uses external patent data (AcclaimIP), machine learning, and AI tools to automate citation workflow, allowing IP professionals to be in control in managing citations.

“Our clients have shared their deep knowledge of the IDS process and the complicating factors involved in managing the workflow of internal data, external data, government forms, and more,” said Vincent Brault, SVP of Product & Innovation at Anaqua. “By combining commonly known technologies with USPTO and AcclaimIP patent data, we are putting the power of automated IDS management in the hands of our clients.”

“We are committed to delivering capabilities that drive value for our clients in every aspect of the IP management lifecycle and in this case automating the IDS process,” said Bob Romeo, CEO of Anaqua. “Our team is responding to our clients by delivering one of the most efficient and intuitive IDS management systems in the market. We look forward to our customers experiencing increased efficiency and accuracy during their IDS management processes with this release.”

About Anaqua
Anaqua, Inc. is a premium provider of integrated intellectual property (IP) management technology solutions and services for corporations and law firms. Its IP management software solutions, AQX and PATTSY WAVE, both offer best practice workflows with big data analytics and tech-enabled services to create an intelligent environment designed to inform IP strategy, enable IP decision-making, and streamline IP operations, tailored to each segment’s need. Today, nearly half of the top 100 U.S. patent filers and global brands, as well as a growing number of law firms worldwide use Anaqua’s solutions. Over one million IP executives, attorneys, paralegals, administrators, and innovators use the platform for their IP management needs. The company’s global operations are headquartered in Boston, with offices across the U.S., Europe, and Asia. For additional information, please visit anaqua.com, or on LinkedIn.

Company Contact:
Amanda Hollis
Communications Director
Anaqua
617-375-2626
ahollis@Anaqua.com

Castle Hall Launches DiligenceExchange and Introduces DiligenceExchange Benchmarks, Powered by the Industry’s Largest Due Diligence Database

Castle Hall Logo

Castle Hall Logo

MONTREAL, April 20, 2022 (GLOBE NEWSWIRE) — Castle Hall, the Due Diligence Company, is proud to launch DiligenceExchange, delivering a new level of industry intelligence for institutional investors. DiligenceExchange (DXC) contains due diligence data on several thousand funds across traditional (stock and bond) and alternative strategies (hedge funds, private equity, venture capital, real estate, infrastructure and private credit).

Castle Hall’s standardized approach to due diligence data collection underpins the entire DXC program. Castle Hall uses a consistent scope and methodology to gather data from each asset manager/GP. The firm then completes independent “trust but verify” checks to protect against fraud.

“DiligenceExchange delivers a powerful combination of efficiency and transparency,” said Chris Addy, Castle Hall’s CEO. “Working with consistent, verified DXC data, Castle Hall uses proprietary algorithms to identify potential risks triggered for each manager and fund. DXC subscribers can then use the Castle Hall platform to generate a portfolio-wide view of risks, aggregating diligence analytics across their full roster of external managers.”

“The real game-changer, however, are DiligenceExchange benchmarks” continued Addy. “DXC subscribers can not only see how frequently a risk arises in their own portfolio but compare that risk to our industry-wide DXC benchmarks.”

For example:

  • How common is it to see key person risk or nepotism?
  • How many managers have had a cyber breach?
  • How many funds have an expense ratio in excess of 50 basis points?

Anne Coady, Castle Hall’s Managing Director, said, “DiligenceExchange solves the current due diligence bottleneck when investors send individual data requests to their managers, either using spreadsheets or an online survey tool. Not only is this process highly inefficient for asset managers – who need to respond repetitively to the same core questions in multiple different ways – it also prohibits the collation of a ‘golden master’ of industry data.

Castle Hall uses a consistent methodology to gather data on behalf of all our 200 clients. This allows Castle Hall to calculate industry benchmarks based on the collective investing footprint of this large group of investors.”

DXC subscribers receive access to all existing DXC reports and can request unlimited further additions to ensure complete coverage of their own portfolios – all for one flat fee. Managers retain control of their information through a “connection” process, whereby existing information is shared with investors via online connection requests.

“Core data collection is simply not the highest and best use of time for in-house professionals,” said Addy. “Castle Hall clients use DiligenceExchange to move up the diligence value chain to focus on identified issues, not baseline data gathering.”

About Castle Hall

Castle Hall Diligence helps investors worldwide manage the operational, ESG, cyber and investment risks of asset managers. Castle Hall’s core competitive advantage is DiligenceHub, the firm’s proprietary online diligence platform, which has helped clients review diligence across several thousand fund entities. More information is available at www.castlehalldiligence.com.

Contact:

Emily Boone

+1 450 465 8880 x431

solutions@castlehalldiligence.com

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Image 1: Castle Hall Logo

Castle Hall Logo

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1 in 100 displaced by conflict since Myanmar coup, UN says

One out of every 100 citizens of Myanmar became displaced by conflict in the nearly 15 months since the junta seized power, according to the United Nations, pushing the total number of internal refugees to a staggering 912,700 and pushing the country ever closer to the brink of a humanitarian crisis. 

In a statement on Tuesday, the United Nations Office for the Coordination of Humanitarian Affairs said that 566,100 people — or more than 1% of Myanmar’s population of around 55 million — were made refugees since the Feb 1, 2021, coup, adding to some 346,000 people already identified as internally displaced persons (IDPs) prior to the takeover.

The agency said that for the first time, displacement in the northwest, where the military is carrying out a scorched earth campaign in Chin state and the regions of Sagaing and Magway, exceeded 300,000 people. Eastern Myanmar, which includes the embattled states of Shan, Kayah, and Kayin, also saw substantial displacement since the coup.

Junta troops killed at least 1,600 people, including some 100 children, since the coup, the U.N. office said. Many of the victims died in military airstrikes, artillery strikes or as the result of triggering landmines.

“Hundreds of thousands of men, women, boys and girls have fled their homes for safety since the February military takeover, many of them forced to move multiple times exposing people to grave protection risks,” the statement said.

The U.N. said in mid-January that the number of people displaced in Myanmar since the coup totaled 320,000, suggesting an increase of nearly 600,000 in the past three months alone.

The displacement has placed a tremendous strain on resources and IDPs are in desperate need of assistance.

“Overall, humanitarian actors, in close coordination with local partners, continue providing critical life-saving assistance to the most affected people but face ongoing challenges in addressing urgent needs due to access constraints and funding shortfalls,” the U.N.’s humanitarian office said.

“To meet their obligations to people in need, humanitarian actors, including the U.N., international and national NGOs, need quicker, simpler and more predictable access processes.”

Among the needs of IDPs identified by the agency were funding for educational activities, food security, health care, nutritional supplements, protection from violence, shelter, water, sanitation and hygiene.

The smoking remains of homes destroyed by the military in Khin-U township's Ngar Tin Gyi village, April 4, 2022. Credit: Citizen journalist
The smoking remains of homes destroyed by the military in Khin-U township’s Ngar Tin Gyi village, April 4, 2022. Credit: Citizen journalist

Scarce supplies and food shortages

Speaking to RFA’s Myanmar Service on Wednesday, a refugee in Sagaing’s Yinmabin township said that obtaining things like rice, cooking oil and salt must be done in the city but are subject to seizure by junta troops at checkpoints.

“Many people are facing starvation. Our homes have been burned down. The fire has also destroyed our storage and all our supplies for the entire year. We are sharing what is left among the villagers,” he said, speaking on condition of anonymity citing fear of reprisal.

“We went to Monywa to purchase some bags of rice, but [the soldiers] seized them on the way home. We are not allowed to transport large bags of rice or other food supplies.”

He said those displaced are forced to scrape by trading their remaining rice supplies with nearby villages.

In Kayah state, food transport routes have been cut off by fighting between the military and anti-junta People’s Defense Force paramilitaries, forcing people to ration what they have left.

An IDP from Kayah’s Demoso township, which has been the center of intense clashes in recent weeks, told RFA that his group of refugees is at risk of running out of food.

“We cannot find more foods. The roads are closed, so we must ration what we have,” said the IDP, who also declined to be named.

“We can use cooking oil only once or twice a month. We prepare foods without cooking, often by grinding it into a powder. We skip some meals. We have only one meal instead of two meals a day. We adults try to adapt and give priority to the children.”

A volunteer helping IDPs in Kayah’s Hpruso township said his aid group is working to obtain extra food supplies in anticipation of future scarcity.

“It has become more difficult to transport food. We can’t carry as much as we need. For example, we order 100 rice bags, but we are allowed to transport only 50 — the authorities are controlling things very strictly,” he said.

“I think we need to save up more food for the future because we expect things will become even more difficult. Whenever there is fighting, we face shortages.”

In Chin state, a volunteer told RFA his group can’t transfer food because of fighting near the roads. Additionally, he said, troops require permits to transport food and other commodities along closed routes, leading to price hikes in local markets.

Attempts by RFA to contact Maj. Gen. Zaw Min Tun, the junta’s deputy information minister, for comment on the military closing roads in conflict regions went unanswered on Wednesday.

Salai Za Oak Lein, the deputy executive director of the Chin Human Rights Organization, accused the military of closing roads to prevent aid from reaching IDPs.

“This action shows that they lack humanitarian spirit. The military is trying to weaken the local resistance by cutting of food supplies, but they are impacting local civilians,” he said.

“They intentionally create food shortages and force people to abandon their homes. These are horrible human rights violations.”

Translated by Ye Kaung Myint Maung. Written in English by Joshua Lipes.