Day: September 14, 2022

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Dave and Buster’s to Open 11 Units Across KSA, UAE, and Egypt

Announces international franchise partnership with Abdul Mohsen Al Hokair Holding Group

DALLAS, Sept. 14, 2022 (GLOBE NEWSWIRE) — Just a few months after announcing its international expansion plans Dave & Buster’s inks its first multi-country, multi-unit deal.

“We couldn’t be more pleased and excited to announce our Partnership with Abdul Mohsen Al Hokair Holding Group to develop the Dave & Buster’s Brand across key West Asian Markets,” said Antonio Bautista, Chief International Development Officer of Dave & Buster’s.

The Brand will begin its expansion with sites in the Kingdom of Saudi Arabia, followed by the United Arab Emirates and Egypt.

“Dave & Buster’s is a preeminent entertainment brand, and this franchise partnership marks a strategic milestone for our organization as we continue expanding our entertainment and hospitality portfolio across the region,” said Mishal Alhokair, Deputy CEO of Abdul Mohsen Al Hokair Holding Group.

To drive international expansion, Dave & Buster’s has developed key strategic initiatives that uniquely support global market penetration:

  • Customizable footprint to drive box economics in each market as required
  • Menu localization with high regional resonance
  • Proprietary, dynamic pricing model
  • Global marketing programs that are demographically agnostic and locally executable
  • Differentiated and unique amusement strategy and packages
  • Localized entertainment and 3rd day part programming

“With four decades of market leading experience, a seasoned leadership team, and a best-in-class support center infrastructure, Dave & Buster’s is ready to RUN THE FUN for our global partners and guests,” added Antonio Bautista.

For more information on franchising opportunities visit www.daveandbusters.com/franchising or email InternationalDevelopment@daveandbusters.com

About Dave & Buster’s
Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster’s Entertainment, Inc., is the owner and operator of 200 venues in North America that offer premier entertainment and dining experiences to guests through two distinct brands: Dave & Buster’s and Main Event. Dave & Buster’s has 148 stores in 41 states, Puerto Rico, and Canada and offers guests the opportunity to “Eat Drink Play and Watch,” all in one location. Each store offers a full menu of entrées and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. Main Event operates 52 centers in 17 states across the country, and offers state-of-the-art bowling, laser tag, hundreds of arcade games, and virtual reality, making it the perfect place for families to connect and make memories. For more information about each brand, visit www.daveandbusters.com www.mainevent.com

About Abdul Mohsen Al Hokair Holding Group “Believe in what you do & you shall become the master of your craft”
This phrase inspired Sheikh Abdul Mohsen Al Hokair to start his first theme park in Riyadh, which was “an unprecedented leap” in the tourism and entertainment sector, a sector that ran on mere “coincidence.” Here in Abdul Mohsen Al Hokair Holding Group, we turned “the dream” into an organized industry that aspires to be the best locally, regionally, and internationally. Sheikh Abdul Mohsen’s vision began with the need for tourism and entertainment in the Gulf region, which led to the opening of parks, and recreational centers in 1978, making him the Sheikh of Tourism in the Gulf Region. The roots of our companies were based on research and planning and deep consideration for all aspects of success.

Now, many people look to us with deep appreciation and respect. Each of our companies has its own story of success, and together they crowned us as a holding company, an umbrella for all companies and businesses. Holding is the mother and protector of our businesses, which began from the first day of networking that Sheikh Abdul Mohsen started to a glorious road that we hope to continue.

MEDIA CONTACT:
Antonio Bautista
antonio.bautista@daveandbusters.com

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WillScot Mobile Mini Acquires Assets of Portable Storage Provider in Northern California

PHOENIX, Sept. 14, 2022 (GLOBE NEWSWIRE) — WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), a North American leader in modular space and portable storage solutions, today announced it has acquired the dry rental storage fleet of Container Solutions based in Concord, California. The acquisition adds approximately 1,200 portable storage containers and mobile offices to the WillScot Mobile Mini fleet.

Container Solutions is retaining its rental fleet of refrigerated and temperature-controlled containers, as well as its container sales and modifications business.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words “estimates,” “expects,” “anticipates,” “believes,” “forecasts,” “plans,” “intends,” “may,” “will,” “should,” “shall,” “outlook” and variations of these words and similar expressions identify forward-looking statements, which are generally not historical in nature. Certain of these forward-looking statements include statements relating value creation, the Company’s share price, and the Company’s future performance. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other important factors, many of which are outside our control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. These risks include, without limitation, the risks and uncertainties described in the periodic reports we file with the SEC from time to time (including our Form 10-K for the year ended December 31, 2021), which are available through the SEC’s EDGAR system at www.sec.gov and on our website. Any forward-looking statement speaks only at the date on which it is made, and WillScot Mobile Mini disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About WillScot Mobile Mini Holdings Corp.

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 mobile office, portable storage and workspace productivity solutions. WillScot Mobile Mini services diverse end markets across all sectors of the economy from a network of about 280 branch locations and additional drop lots throughout the United States, Canada, Mexico, and the United Kingdom.

Media Contact Information

Jessica Taylor

jetaylor@willscotmobilemini.com

Investor Contact Information

Nick Girardi

nick.girardi@willscotmobilemini.com

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Cority Achieves FedRAMP Authorized Designation

Status validates robust security of cloud-based software vendor’s integrated platform

Cority — Empower Better

Cority — Empower Better

ORONTO, Sept. 14, 2022 (GLOBE NEWSWIRE) — The Federal Risk and Authorization Management Program (FedRAMP) made the announcement on Aug. 29, 2022, that Cority achieved FedRAMP Authorized status for its unified environmental, health, and safety (EHS) cloud-based solutions.

“Getting the FedRAMP Authorized classification differentiates us from other cloud-based software vendors and validates the security of the integrated platform that we have to offer,” said Atish Ghosh, Cority’s chief technology officer. “This is testimony from the highest authority that Cority products operate at an unequaled level of excellence when it comes to protecting the critical data of all of our clients, corporate and government organizations alike.”

FedRAMP Authorized status is an important milestone because it enables Cority to provide Software as a Service (SaaS)-based solutions to government and public sector customers, empowering them to use and benefit from the full spectrum of Cority’s premier technology. CorityOne™, the company’s integrated EHS SaaS-based platform, consists of a comprehensive suite of solutions for managing environmental, health, safety, sustainability, and quality programs and provides a scalable and seamless path for future growth. The responsible business platform enables datasets to be combined from across the organization for realizing improved efficiencies, data-driven decision-making, and more accurate reporting. Customers can easily unify all of their EHS initiatives into a single comprehensive platform to uncover key insights and create a single, accurate, and holistic view of EHS performance.

Even before its authorization designation, Cority had already been serving 90 U.S. government and public sector customers, including NASA, Los Alamos National Laboratory, National Institutes of Health (NIH), and the U.S. Food and Drug Administration (FDA) with its award-winning digital solutions. However, prior to the authorization designation, these customers were often restricted from leveraging Cority’s cloud-based offerings, requiring these organizations to significantly invest in hardware and IT resources to manage the setup and ongoing maintenance of the on-premise hosted solutions.

“The inability to take advantage of the value of our SaaS offerings has been a significant barrier for government entities — a drain on time, money, and staff,” said Stuart Cook, Cority’s product marketing manager for Platform and Analytics. “Now, high-security agencies can access Cority’s software knowing that setup, maintenance, and updates are handled by Cority — freeing their internal IT team from the usual cumbersome process of software upgrades.”

Organizations that use SaaS solutions gain efficiency, flexibility, high scalability, and seamless upgrades. According to independent research and consulting firm Verdantix, firms that switched from on-premise hosting to SaaS report lower total cost of ownership and benefit from a more predictable cost structure; improved application availability and reliability; access to mobile applications; and decreased reliance on internal operations.

“We are very excited to see Cority achieve FedRAMP authorization. Within the EHS space, our options for quality software provision have been extremely limited. So, knowing that we can rely on a partner of Cority’s caliber while limiting the burden on our internal Technology & Innovations (T&I) resources is incredibly valuable,” said Angela M. Watkins of Tennessee Valley Authority (TVA), about the authorization.

Demand for EHS software has been rising from government agencies as the role of EHS grows in importance to support strategic initiatives beyond risk and compliance, including sustainability and operational excellence. Now that Cority carries authorization status, executives anticipate interest in its SaaS software to increase even more.

“The potential for growth is high,” Cook said. “FedRAMP opening the door for SaaS expands the market for our sales team. They’re really excited about the prospect of further working alongside government agencies whose efforts impact our planet and our lives.”

Though the U.S. Department of Health and Human Services (HHS) sponsored Cority for ATO status, Cority’s software solutions extend far beyond health. The CorityOne platform spans the full spectrum of environmental, health, safety, sustainability, quality, and analytics for a wide range of industries including aerospace chemicals, manufacturing, pharmaceuticals, construction, and oil and gas.

Established in 2011, FedRAMP is a U.S. government-wide program that provides a standardized, cost-effective approach to security and risk assessment for cloud technologies and services to ensure the protection of federal information.

The agency ATO for Cority will remain in effect for three years, provided Cority continues to meet specified HHS requirements.

Cority is listed on the FedRAMP Marketplace and more information about Cority’s solutions can be found at www.cority.com.

Media Contact: Meredith Schweitzer / mschweitzer@66and.co / 347-698-9196 

About Cority

Cority gives every employee from the field to the board room the power to make a difference, reducing risks and creating a safer, healthier, and more sustainable world. For over 35 years, Cority’s people-first software solutions have been built by EHS and sustainability experts who know the pressures businesses face. Time-tested, scalable, and configurable, CorityOne is the responsible business platform that combines datasets from across the organization to enable improved efficiencies, actionable insights, data-driven decisions, and more accurate reporting on performance. Trusted by over 1,300 organizations worldwide, Cority deeply cares about helping people work toward a better future for everyone. To learn more, visit www.cority.com.

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G20 Members To Introduce Assessment Tool To Evaluate Affirmative Policies For Disabled People

JAKARTA, Sept 14 (NNN-ANTARA) – Representatives of G20 countries agreed yesterday, to introduce an assessment instrument, to measure how far each country’s policies have accommodated the needs of people with disabilities.

 

The agreement was concluded at the Sixth G20 Employment Working Group (EWG) meeting in Bali, which mainly discussed inclusive job opportunities.

 

“We aim to ensure that workers with disabilities could have the same opportunities as other workers. Thus, we agree to formulate an instrument that can evaluate whether the policies in every country have been friendly with the disabled people and how far their realisations of affirmative actions for the people with disabilities,” Secretary General of Indonesia’s Manpower Ministry, Anwar Sanusi said, in a written statement, released after the G20 EWG meeting.

 

The G20 EWG, he said, also raised other development issues, including the development of capacity of human resources and social protection in the working environment.

 

“Inclusive job creation is one of the issues raised by Indonesia’s G20 Presidency, at the EWG meeting, that will later be discussed further, at the Labour and Employment Ministers Meeting, to be held today (Wednesday),” Sanusi said.

 

Source: Nam News Network

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Malaysia not in an economic crisis despite ringgit’s value against US dollar

KUALA LUMPUR, Sept 14 (NNN-Bernama) — Malaysia is not experiencing an economic crisis just because the ringgit is trading at a low level against the United States (US) dollar, said Finance Minister Tengku Zafrul Tengku Abdul Aziz.

 

He explained that the ringgit’s performance should be viewed holistically, not just in comparison with the US dollar, as the local note has also strengthened against other currencies.

 

“While the ringgit has depreciated by 7.5 per cent against the US dollar since the beginning of 2022, many currencies in the region and developed countries have also fallen against the greenback.

 

“For example, the Japanese yen has slid 19.2 per cent, the lowest in 24 years; the pound sterling has dropped 14.4 per cent, the lowest in 37 years; and the euro has weakened by 11.7 per cent, the lowest in 20 years,” Tengku Zafrul said in a video posted on his social media page on Tuesday.

 

Although the currencies of these countries have declined in value against the US dollar, they — including the European Union and Japan — are not experiencing an economic crisis, he said.

 

The ringgit has strengthened compared with the currencies of Malaysia’s other trading partners, he noted.

 

Among others, the ringgit has risen by 14.2 per cent against the Japanese yen, 8.2 per cent versus the pound sterling, 4.5 per cent vis-a-vis the euro, 3.9 per cent compared with the New Zealand dollar, and 7.2 per cent against the South Korean won.

 

“The important thing is, as an exporting country, the low ringgit against the US dollar has a positive effect on the country’s export revenue.

 

“So do not look at just one aspect. Ask Malaysian exporters … they are all happy as their exported products have become more competitive,” he said.

 

Additionally, economic fundamentals that have continued to strengthen are important in determining the robustness of the ringgit, the minister said.

 

“What are the proofs (that our economy is on a solid footing)? Firstly, Malaysia’s gross domestic product (GDP) has grown for three consecutive quarters. The GDP grew by 3.6 per cent in the fourth quarter of 2021, 5.0 per cent in the first quarter of 2022 and 8.9 per cent in the second quarter,” he said.

 

Tengku Zafrul said that the country’s unemployment rate of 3.7 per cent in July 2022, the lowest since the COVID-19 pandemic hit the country, is further proof that the country is not experiencing an economic crisis.

 

He also pointed to the Industrial Production Index which rose by 12.5 per cent year-on-year (y-o-y) in July 2022, and the sales value of the wholesale and retail trade which surged 41 per cent to RM130.7 billion (RM1 = US$0.22) in the same month.

 

“For the first seven months of this year alone, wholesale and retail trade was valued at RM882.1 billion, 19 per cent higher than last year,” he said.

 

Tengku Zafrul also noted that the country’s exports increased by 38 per cent y-o-y to RM134.1 billion in July.

 

He added that net foreign investment in the local stock market has amounted to more than RM8 billion and net retail investment has reached RM1.8 billion year-to-date.

 

The country’s inflation rate is also manageable at 2.8 per cent for the first seven months of 2022 due to price control measures, particularly through the provision of subsidies of almost RM80 billion this year.

 

“So, it makes no sense for some to say, despite these positive indicators, that we are in an economic crisis,” Tengku Zafrul said.

 

 

Source: Nam News Network

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Azerbaijan Not Interested In Military Escalation With Armenia — Diplomat

KUALA LUMPUR, Sept 14 (NNN-Bernama) — Azerbaijan is not interested in military escalation with Armenia, said the Chargé d’Affaires ad interim at the embassy of Azerbaijan in Malaysia, Rafig Rustamov.

 

In a statement to Bernama, he said on the contrary, the Azerbaijan government is currently implementing large-scale investment projects by allocating billions of dollars in areas close to the latest military escalation zone.

 

“We also undertake wide-range post-conflict reconstruction and rehabilitation works. Military confrontations are an immediate danger to these projects,” he said in a statement explaining his government’s position following the latest clashes between Azerbaijan and Armenia at their border on Tuesday.

 

Both sides have traded accusations about the fighting, which is the deadliest since their September 2020 war.

 

Azerbaijan claimed Armenian forces had fired on its army positions in three regions and that “Armenian saboteurs” planted landmines in its areas; and as a result, its armed forces took measures to suppress the provocations. Armenia denied the allegations and claimed that Azerbaijan had attacked Armenia’s towns near the border from different directions, thus forcing it to respond.

 

Armenia said 49 of its soldiers have been killed in the clashes, while on the Azerbaijan side, it claimed 50 of its soldiers have been killed.

 

Baku said since 9am on September 13, taking into account the requests of foreign partners, an agreement was reached on a ceasefire.

 

Rustamov further claimed that Yerevan’s action undermine the Brussels meeting on August 31, 2022, adding that after the meeting, Azerbaijan proposed to hold a meeting between the foreign ministers of the two countries at the end of September, but the peaceful proposal of Azerbaijan was left unanswered by Armenia.

 

He said at the meeting an agreement was reached regarding the launching of negotiations on the normalisation of relations between the two countries based on mutual recognition and respect for each other’s territorial integrity, sovereignty, and state borders.

 

“Also just a few days ago, the Azerbaijani side demonstrated another good-will gesture and released five more citizens of Armenia detained in Azerbaijan. This process took place directly between Azerbaijan and Armenia without mediation by any third party as an indicator of goodwill with a view to contributing to the peace process”.

 

“Anyway, this is gunfire against the peace agenda, which is extremely required for security, prosperity, and coexistence in our neighbourhood. Armenia without any delay must come back to the table of peace talks,” Rustamov said.

 

On Tuesday, the United Nations Secretary-General Antonio Guterres had voiced deep concern about  the fighting and had called on the sides to take immediate steps to de-escalate tensions, exercise maximum restraint and resolve any outstanding issues through dialogue.

 

The conflict between Azerbaijan and Armenia started in 1988 – three years before the dissolution of the Soviet Union in 1991. And in 1992, war broke out between the two former Soviet states, resulting in Armenian occupation of 20 per cent of Azerbaijan’s internationally-recognised territory, including the mountainous part of Karabakh and seven surrounding districts.

 

The Second Karabakh War, which erupted on Sept 27, 2020, resulted in Azerbaijan liberating most of its occupied territories. The two countries signed a Russian-brokered agreement on Nov 10, 2020, to end the fighting and work towards the signing of a comprehensive peace agreement.

 

 

Source: Nam News Network