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US technology company Overstock opens state-of-the-art Sligo campus

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  • Overstock invests in future of Irish R&D centre
  • Company on track to make its 100th hire before year end
  • E-commerce, machine learning, and blockchain focus of its work 

SALT LAKE CITY, Oct. 09, 2019 (GLOBE NEWSWIRE) — E-commerce and technology leader Overstock.com, Inc. (NASDAQ:OSTK) has opened its new European base in the IDA’s flagship North West business park in Sligo, and revealed it is on track to make its 100th Irish hire before year end.

The company last year announced the creation of 100 new technology jobs including senior roles in areas such as software development and testing, machine learning, and data analytics.

It now has more than 80 technologists working in Sligo and is on target to recruit another 20 staff before the end of the year. The company has been successful in underlining the affordable cost of living and lifestyle options in the North West along with attractive career progression opportunities.

Overstock has invested €1 million in making the move to the Westgate tech campus in the IDA’s business park in Finisklin, Sligo town.

The new facility was officially opened by Leo Clancy, Head of Technology for IDA Ireland with Overstock’s President of Retail Dave Nielsen, Chief Administrative Officer Carter Lee, and Irish-based Vice-president and Site Lead David Kenny.

Commenting, David Kenny, Overstock Vice-president and Site Lead, said:

“We’re absolutely delighted with our new home and getting all our teams back under one roof. It further validates Overstock’s choice of the North West as a great place to do business and build high performance software development teams. The combination of a diverse career path, a cutting edge tech environment and a great work life balance has really resonated with the techies who continue to join our growing team.”

Overstock CEO Jonathan Johnson said:

“When we opened our Ireland office in 2013, we knew there was something special with the tech environment of Sligo. Our Irish team has been instrumental in many of our technological innovations over the years, including advancements in machine learning, augmented reality, and blockchain applications. It’s great to open the doors to a new campus the team can grow and call home.”

Welcoming the new expansion by Overstock, the Minister for Business, Enterprise and Innovation, Heather Humphreys TD said:

“I am delighted to congratulate Overstock on the opening of their new facility in Sligo. Their presence here is a significant boost the region, and demonstrates, once again, that we have the right skills and talent to attract quality companies. I wish Overstock well in their new home and look forward to their continued success in the future.”

Leo Clancy, Global Head of Technology, Consumer, Business Services in IDA Ireland welcomed Overstock’s move into the Westgate building and its success in attracting technology talent to the North West

He said: “IDA Ireland focuses on winning investments all across Ireland and the North West has a huge amount to offer companies. It is great to see an online leader like Overstock investing in Sligo and creating very highly skilled technology roles. This expansion clearly illustrates the talented workforce available here and we really value the significant investment and continued partnership with Overstock.”

Overstock is a billion-dollar online retail shopping site and technology company founded in 1999 in Utah. In 2014, Overstock founded Medici Ventures, its wholly-owned blockchain subsidiary focused on introducing blockchain technology to existing markets to democratize capital, eliminate middlemen, and re-humanize commerce.

For job opportunities in Sligo, Ireland, visit Overstock’s career page

MEDIA CONTACT: StoryLab: + 353 1 685 3029 or email pr@overstock.com

About Overstock.com

Overstock.com, Inc Common Shares (NASDAQ:OSTK) / Digital Voting Series A-1 Preferred Stock (Medici Ventures’ tZERO platform:OSTKO) / Series B Preferred (OTCQX:OSTBP) is an online retailer and technology company based in Salt Lake City, Utah. Its leading e-commerce website sells a broad range of new products at low prices, including furniture, décor, rugs, bedding, home improvement, and more. The online shopping site, which is visited by nearly 40 million customers a month, also features a marketplace providing customers access to millions of products from third-party sellers. Overstock was the first major retailer to accept cryptocurrency in 2014, and in the same year founded Medici Ventures, its wholly owned subsidiary developing and accelerating blockchain technologies to democratize capital, eliminate middlemen, and re-humanize commerce. Overstock regularly posts information about the company and other related matters on the Newsroom and Investor Relations pages on its website, Overstock.com.

O, Overstock.com, O.com, Club O, Main Street Revolution, and Worldstock are registered trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact including but not limited to our expectations regarding personalization technology. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-Q for the quarter ended June 30, 2019, which was filed with the SEC on August 8, 2019, and any subsequent filings with the SEC.

SOURCE: Overstock.com, Inc.

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Blockchain PR

WISeKey International Holding Ltd Reports Preliminary Nine Months 2019 Results

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WISeKey International Holding Ltd Reports Preliminary Nine Months 2019 Results

WISeKey Continued its Focus on Cybersecurity/IoT, ICT infrastructure and smart devices, boosting the efficiency and quality of its operations

Company expects to end the year with positive net income:  H1 2019 net income was $21.8 million

 

ZUG, Switzerland- October 18, 2019– WISeKey International Holding Ltd (SIX: WIHN) (“WISeKey” or the “Company”), a leading Swiss cybersecurity and IoT company announced today that its consolidated preliminary revenue for the 9 month-period ending September 30, 2019 (“Q3YTD 2019”) is expected to be approximately $18.7 million (unaudited).

First 9 Months 2019 Highlights

      ·Cash and cash equivalents together with restricted cash increased to $19.2 million at September 30, 2019 as compared to $9.8 million at December 31, 2018.

  • Company expects to report positive net income for FY 2019 following a H1 2019 net income of $21.8 million, mainly due to the $31.1 million gain generated from the sale of its SSL/TLS PKI business.
  • Q3YTD 2019 consolidated preliminary revenue was $18.7 million, including $16.7 million from our continuing operations, following the sale of our SSL/TLS PKI business in Q1 2019.
  • Submitted a second confidential draft registration statement on Form 20-F under the U.S. Securities Exchange Act of 1934 to the U.S. Securities and Exchange Commission (SEC), following the board of directors’ approval of a proposed listing of its Class B Shares in the form of American Depositary Shares on a U.S. Stock Exchange.

Q3 2019 Business Highlights

  • Established WISeKey Arabia, a JV with Saudi Advanced Technologies Company Ltd, a wholly owned company of E.A. Juffali & Brothers and localized its cybersecurity and IoT offerings in the Middle East.
  • Adapted its U.S. patent. No. 7,898,422 for an anti-counterfeiting NFC device designed to protect the pharmaceutical industry from the escalating counterfeit problem which is causing damage to these companies and putting lives at risk (see list of U.S. patents here).
  • Released NanoSeal®, a new microprocessor the: WISeKey’s NanoSealRT is the only NFC Forum Type 5 chip for tags which offers a patent-pending authentication algorithm based on NFC Data Exchange Format (NDEF) that works with both Android and IOS 12 devices, namely more than 2 billion NFC enabled devices. Its tamper/opening detection is a plus when it comes to enriching the consumer experience and reach. The communication with the object is simplified from the manufacturing plant to the field thanks to a powerful ISO15693 compatible interface.
  • Expanded its partnership with Microsoft Corporation:  all members of the Cybersecurity TechAccord are expanding their partnership on initiatives that improve the security, stability and resilience of cyberspace.
  • Announced partnership with Oracle:  WISeKey Blockchain Identity technology became one of Oracle’s first external trusted identity providers, allowing clients to securely add data onto the Oracle Blockchain Platform using the WISeKey cryptographic key infrastructure.
  • Reinforced its penetration in the Chinese technology market: WISeKey’s Root of Trust was accredited by 360 Security Browser to provide Trusted SSL Services in China.  360 Security Browser is the leading internet browser solution in China, with an estimated user base superior to 400 million active users and a market penetration close to 70%, according to CNZZ.
  • Signed a perpetual license agreement with Daimler AG (“Daimler”), one of the world’s most successful automotive companies, for certain components of its ISTANA PKI platform with first payment of $2.5 million
  • Joined forces with OpSec Security IoT leader on Brand Protection and Authentication of IoT EcoSystems.
  • WISeKey Blockchain Centers of Excellence: WISeKey in cooperation with the Blockchain Research Institute (BRI) is creating a number of interconnected Blockchain Centers of Excellence around the world, to facilitate the rapid adaptation and on-boarding of blockchain-based solutions and foster stronger collaboration between the public, private and academic sectors. Each center purchases technologies and licenses from WISeKey.
  • Strategic partnership with Chinese CoinID New Mingwah, a World leading bank-level Blockchain security technology company to integrate CoinID wallet into WISeID and deploy in China. WISeCoin AG and Coinx8 Ltd have entered into a partnership to jointly foster their respective crypto tokens WIS and CXE in Asia, MEA and Europe using www.CoinX.pro Exchange.
  • New agreements for the smart car, pharmaceutical and fintech industries, and consumer products which, in the aggregate, are broadening the ecosystem of WISeKey’s IoT chips.
  • Stronger cybersecurity offering of proprietary solutions, increased footprint and further new customer acquisitions.
  • Continued investments in IoT Security, with strong industry-specific partnerships.
  • Further enhancements of the vertical platform for the IoT through the establishment of partnerships with leading players in the IoT domain.
  • Expansion of patent portfolio with new IP and patents with the aggregation of 39 IoT / Semiconductors patent families (more than 200 patents in total) to its portfolio (https://www.wisekey.com/patents/).
  • WISeKey closed the acquisition of a 22% interest, through a multi-million USD transaction, in Tarmin Inc. (“Tarmin”), a Boston, Massachusetts based leading pioneer of Data & Software Defined Infrastructure delivering a massively scalable, transparent and unified approach for consistent data management, storage, retention, security and search across cloud and traditional storage infrastructure.

Second SEC confidential draft registration statement
Following the board of directors’ approval of a proposed listing of its Class B Shares in the form of American Depositary Shares on a U.S. Stock Exchange, WISeKey has submitted a second confidential draft registration statement on Form 20-F under the U.S. Securities Exchange Act of 1934 to the U.S. Securities and Exchange Commission (SEC).

A registration statement is a set of documents, including a prospectus, which a company must file with the U.S. Securities and Exchange Commission before it proceeds with the listing of its shares on a U.S. stock exchange.

No new securities will be issued in connection with the listing, which is expected to commence after the SEC completes its review process.

This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the “Securities Act”) and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.

About WISeKey:
WISeKey (SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey Microprocessors Secures the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.5 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.).  WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.

Our technology is Trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.

Press and investor contacts:

WISeKey International Holding Ltd
Company Contact: Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@wisekey.com
WISeKey Investor Relations (US)
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
lcati@equityny.com

Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

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GCT a Leader in Container Terminal Innovation Joins TradeLens

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Vancouver, BC, Canada, Oct. 17, 2019 (GLOBE NEWSWIRE) — Global Container Terminals Inc. (GCT), a leading container terminal operator in North America has joined the TradeLens supply chain platform, underpinned by blockchain technology. 

GCT operates four strategically located, big ship ready terminals on the west and east coast of North America. A leader in technologically advanced terminal operations, no company is more prepared to keep pace with the changing needs of global supply chains than GCT.

In the Port of Vancouver, GCT Canada is the heart of the Asia-Pacific Gateway. GCT Deltaport is Canada’s largest marine terminal, providing the most efficient ship-to-rail discharge facility worldwide, and GCT Vanterm is among the most productive terminals on the continent.

In the Port of New York and New Jersey, GCT USA boasts the fastest truck processing and vessel productivity in the harbor. GCT New York is a full service facility offering near-dock CES operations, on-terminal warehousing, and unique customer solutions. GCT Bayonne pioneered truck appointments on the East Coast using the latest technology, providing consistent and reliable turn-times.  Both USA terminals offer first and last port-of-call intermodal advantage with their on-dock rail facilities.

By joining TradeLens, GCT is ready to securely connect with supply chain partners including ocean carriers, beneficial cargo owners, and railways. The TradeLens technology platform provides end-to-end supply chain information, facilitating seamless data sharing, collaboration and improved trade flows.

“GCT remains committed to leading in innovation, value and safety. Joining a technology platform like TradeLens only adds to our capability to deliver best-in-class service and visibility to our supply chain partners,” said Doron Grosman, President & CEO of GCT.  ”As competition increases from other ports and customer demands intensify, we need to activate every solution to increase cargo velocity through our terminals and improve performance.”

“We are thrilled to have GCT join TradeLens and connect to a flexible business platform designed to spur innovation. Integrating data with ports, terminals, logistics providers, shippers, and carriers is essential for the vision of TradeLens to realize new ways of working within a collaborative industry ecosystem. GCT’s connection to TradeLens strengthens this new era of transparency and collaboration for the global supply chain.” Mike White, CEO of Maersk GTD and Head of TradeLens.

TradeLens is rapidly expanding with five of the world’s top six ocean carriers and ten of GCT’s ocean carrier customers committed to the TradeLens platform. GCT is proud to join this leading global trade collaboration.

“We are pleased to see more leading organizations from across the shipping industry sign on to the platform. As TradeLens evolves, it is critical more supply chain partners participate to facilitate an open and transparent approach to information sharing. This enhanced level of visibility and efficiency will ultimately benefit the entire industry and our customers.” Eyal Ben-Amram, CIO of ZIM.

The program will be rolled out in phases at all four of GCT’s terminals adding visibility to the east and west coasts of North America.

About GCT Global Container Terminals Inc.

Headquartered in Vancouver, BC, GCT Global Container Terminals Inc. operates four Green Marine certified terminals in two principal North American ports. Through GCT USA on the East Coast, the company operates two award-winning facilities: GCT New York on Staten Island, NY and GCT Bayonne in Bayonne, NJ. On the West Coast, GCT Canada operates two gateway terminals: GCT Vanterm and GCT Deltaport in Vancouver and Delta, BC. Visit http://www.globalterminals.com or follow us @BigShipReady to find out more about GCT.

About Tradelens:

TradeLens is an open and neutral industry platform for global trade, underpinned by blockchain technology and supported by major industry players. The platform promotes a more efficient, predictable and secure exchange of information in order to foster greater collaboration and trust across the global supply chain.

CONTACT: Jennifer Perih
GCT Global Container Terminals Inc.
+1 604 267 5102
media@globalterminals.com

Ben Haddock, Marketing Manager
Maersk GTD
Mobile: +1 305 439 0177  Office:  +1 551 256 9353
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Blockchain PR

Investview (OTCQB: INVU) to Hold Live Webinar to Review Its Recently Announced Exchange Offer for Preferred Stock

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Eatontown, NJ, Oct. 17, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Investview Corporation (OTCQB: INVU) will be holding a live webinar to review the details of its Exchange Offer announced on October 8th, 2019.

(https://www.globenewswire.com/news-release/2019/10/08/1926484/0/en/Investview-Announces-Strategic-Initiatives-Including-an-Exchange-Offer-for-Preferred-Stock.html)

The webinar will be held on:

EXCHANGE OFFER FOR PREFERRED STOCK OVERVIEW

WEDNESDAY

OCTOBER 23rd, 2019

4:30 PM Eastern

To register for the webinar please visit:

https://attendee.gotowebinar.com/register/6398592926937375243

The Company has prepared the live presentation to provide information and detail on the offering to all current and potential shareholders. All current shareholders should attend along with the general public who may have an interest in the Company and its Exchange Offer.

For more information and to review recent announcements, please visit investview.com

About Investview, Inc.

Investview, Inc. is a diversified technology company leveraging the latest innovations in technology for financial education, services and interactive tools. Investview’s family of subsidiaries focus on delivering products that serve individuals around the world. From personal money management, to advancement in blockchain technologies, Investview companies are forging a path for individuals to take advantage of financial and technical innovations. For more information on Investview and all of its wholly owned subsidiaries please visit: investview.com  

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements”.  When the words “believes,” “expects,” “plans,” “projects,” “estimates,” and similar expressions are used, they identify forward-looking statements. These forward-looking statements are based on Management’s current beliefs and assumptions and information currently available to Management and 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 future results, performance or achievements expressed or implied by these forward-looking statements. Information concerning factors that could cause our actual results to differ materially from these forward-looking statements can be found in our periodic reports filed with the Securities and Exchange Commission. We undertake no obligation to publicly release revisions to these forward-looking statements to reflect future events or circumstances or reflect the occurrence of unanticipated events.

Investor Contact:

pr@investview.com

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