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Harte Gold Reports Q2 Production Increase Of 42% Over Q1 Ramp Up Continues To 800 TPD

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TORONTO, Aug. 14, 2019 (GLOBE NEWSWIRE) — HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) is pleased to provide the following results for second quarter (“Q2 2019”) ended June 30, 2019.

Operations

  • Gold production increased 42% quarter over quarter to 7,754 ounces
    • 42,601 tonnes of ore were mined for the quarter, a 33% increase over Q1 2019.
    • Average head grade for mined ore was 6.01 g/t
  • The mill processed 53,216 tonnes of ore (591 tpd average), a 39% increase quarter over quarter
    • Average head grade processed was 4.89 g/t resulting from the blended grade of mine production and the lower grade surface stockpiles
    • Mill feed was supplied by 80% run of mine (“ROM”) ore and 20% surface stockpiles
    • Surface stockpiles are fully drawn at the end of July and 100% of mill feed will be ROM ore going forward
  • Net revenue was $11.8 million a 50% increase quarter over quarter
    • Attributable to increased gold production and higher gold prices
    • Average realized gold price for the quarter was US $1,305 per payable ounce
  • Mine EBITDA1 for Q2 2019 was $2.7 million, compared to a loss of ($2.5) million in Q1
    • Operating costs were stabilized in Q2, cost containment measures are taking effect
    • Cash costs2 were reduced 26% quarter over quarter, to US$1,070/oz
  • All in sustaining costs2 (“AISC”) reduced 33% to US$1,734/oz
    • Mine development costs, $4.3 million were consistent with Q1 and reflect the capital required for underground infrastructure necessary to support continued ramp-up of the mine
    • AISC will decline in H2 2019 as costs stabilize and ounces produced increase
  • Quarterly results compared to the Feasibility Study plan
    • Production tracked approximately 80% of the Feasibility Study plan for Q2 2019
    • Delays with completion of mine ventilation and start-up of the paste fill plant impacted stope availability for the quarter. Mine ventilation has since been resolved and the paste fill plant should be fully operational by the end of September.
    • The Company is currently operating from both the Sugar Zone north and south areas, which will provide sufficient underground material to achieve the 800 tonne per day production target by the end of Q4 2019

Operational Summary and Quarter-Over-Quarter Comparison

  Three months ended
June 30, 2019
Three months ended
March 31, 2019
Q2 vs. Q1
Increase / (Decrease)
       
Operating Data      
Ore mined (tonnes) 42,601   32,044   33 %
Ore processed (tonnes) 53,216   38,278   39 %
Average daily throughput (tpd) 591   425   39 %
Head grade (g/t) 4.89   4.86   1 %
Recovery (%) 93 % 92 % 1 %
Gold ounces produced 7,754   5,476   42 %
       
Mine Financial Data (000 $)      
Revenues 11,821   7,859   50 %
Mining cost (5,122 ) (4,459 ) 15 %
Processing cost (2,583 ) (2,686 ) (4 %)
Site G&A (3,354 ) (3,473 ) (3 %)
Inventory changes 1,968   277   610 %
Mine EBITDA1 2,730   (2,482 )  
Mine Development Costs (4,285 ) (4,517 ) (5 %)
Other Development Capital 0   (942 ) (100 %)
Exploration Costs (1,699 ) (2,048 ) (17 %)
Corporate Costs (886 ) (905 ) (2 %)
Net Cash Flow (4,141 ) (10,893 )  
       
Unit Input Costs (in dollars)      
Mining cost (per tonne ROM) 120   139   (14 %)
Processing cost (per tonne) 49   70   (31 %)
Site G&A (per tonne) 63   91   (31 %)
Cash Cost (US$ per oz)2 1,070   1,454   (26 %)
AISC (US$ per oz)2 1,734   2,606   (33 %)

1)  Mine EBITDA is a non-IFRS measure, refer to the Company’s “Non-IFRS Measures” and “Results of Operations” in the Company’s MD&A for a description and reconciliation to Net Income (Loss)
2)  Refer to the Company’s MD&A under “Non-IFRS Measures” for description of these measures


Corporate

  • Closed US$82.5 million financing package on June 14, 2019 and comprised of
    • US$52.5 million 6-year non-revolving term credit facility provided by BNP Paribas (“BNP”)
    • US$20.0 million 3-year revolving term credit facility provided by BNP
  • Entered into a hedge program in connection with the BNP financing, comprising approximately 79,000 ounces over the years 2020 through 2024, representing 24% of payable gold projected to be produced over this period, with a high of 32% in any year
  • Unrealized hedge gains (losses) are recognized in each accounting period and reversed when the hedge contracts mature in future periods
  • Repaid the US$20 million loan from ANR Investments B.V. (“Appian”) and the US$40 million loan from Sprott Private Resource Lending (Collector) LP plus accrued interest, prepayment penalties, production payment liability and other costs, totalling approximately US$70.7 million
  • Closed US$10 million equity subscription with Appian Natural Resources Fund (“Appian”)

Operational Outlook

  • Management expects mine performance to continue improving in the second half of 2019, supported by the following:
    • Ventilation constraints are resolved
    • Sufficient underground development is now completed to access both the Sugar Zone north and south areas
    • The number of available stopes was recently increased to three, with additional stope development ongoing
    • Operational team additions at the mine site include a mine superintendent, a health & safety coordinator and a senior environmental consultant
  • At a stable 800 tpd run-rate, cash costs are expected to reduce to US$551 per ounce (AISC of US$957 per ounce) for 2020 and US$580 per ounce (AISC of $891 per ounce) over life of mine

Financial Outlook

By Q4 2019 the Company expects to return to net positive free cash flow. The following table summarizes projected cash flows for Q4 2019, 12 months ended July 31, 2020 and 12 months ended December 31, 2020.

  • Quantities and dollars are based on the Feasibility Study, which used a gold price of US$1,300 per ounce and a Canadian dollar exchange rate of 0.77
  • The table illustrates the impact on cash flows using a gold price of US$1,400 per ounce and a Canadian dollar exchange rate of 0.75
  • Corporate overhead costs are based on 2019 budgeted amounts with an increase in 2020
  • Principal payments are based on the debt repayment schedules and interest calculated at a LIBOR base rate of 2.75% plus 2.875% to 3.875% premium

Financial Outlook Q4 2019 and 2020
 
  Q4 2019   Aug 1, 2019 to Jul 31, 2020   CY 2020
  Prior Gold $ Current Gold $   Prior Gold $ Current Gold $   Prior Gold $ Current Gold $
Gold price $ 1,300 $ 1,400   $ 1,300 $ 1,400   $ 1,300 $ 1,400
Payable ounces   13,156   13,156     54,482   54,482     63,902   63,902
Exchange rate   0.77   0.75     0.77   0.75     0.77   0.75
                 
Net revenues $ 21.1 $ 23.4   $ 87.4 $ 96.9   $ 102.5 $ 113.7
Operating expenses   11.4   11.4     45.9   45.9     48.1   48.6
Operating income   9.8   12.1     41.5   51.0     54.4   65.1
Development / CAPEX   6.2   6.2     27.6   27.6     25.2   25.2
Feasibility cash flow   3.5   5.8     13.9   23.4     29.2   39.9
Corporate overhead   0.7   0.7     3.6   3.6     4.3   4.3
Interest expense   1.6   1.6     6.2   6.3     5.8   5.9
Principal payments   0.0   0.0     4.1   4.2     8.2   8.5
Net Cash Flow $ 1.3 $ 3.5   $ 0.0 $ 9.3   $ 10.9 $ 21.3

As noted in the discussion on financial instruments, 20,316 ounces of the 2020 production are hedged at a maximum price of US$1,391

Near Mine Exploration Continues To Grow Sugar Zone South Area

Exploration along strike and to the south continues to intersect high grade mineralization. The Company has been successful in extending mineralization by 300 meters along strike and 200 meters down dip to the south of the Sugar Zone Mine. Drilling will continue in the area with the intention to expand the mineralized boundary.

Near Mine Drilling – Sugar Zone South Extension

Hole # From To Grade (g/t Au) Width (m)
SZ-19-265 638.85 640.75 8.62 1.90
SZ-19-266 491.32 493.00 21.07 1.68
SZ-19-267 405.23 408.54 3.92 3.31
SZ-19-269 463.41 465.00 7.00 1.59
SZ-19-271 394.4 396.08 27.60 1.68
SZ-19-273
   Including
412.00
412.81
413.41
413.00
6.06
27.80
1.41
0.30
SZ-19-274
   Including
358.70
350.45
360.75
360.75
6.30
42.00
2.05
0.30
SZ-19-276
   Including
487.09
488.00
489.11
489.11
23.59
42.32
2.02
1.11

(core intersection lengths approximate 80% true width, assay results are uncut, fire assay with metallic screen on samples >10 g/t)

Financial Instruments – Hedging

In connection with the BNP debt financing, the Company executed a gold hedge program for approximately 79,000 ounces, covering a period from January 2020 through June 2024. The hedge position was established using zero cost put/call collars on June 14, 2019 concurrent with the closing of the BNP loan facility. On that date, the gold price was US$1,351 and in the context of the market, put options were purchased to result in a floor price of US $1,300 on the hedged ounces. Such purchase price was funded by the sale of call options at prices varying between US $1,391 and $1,399 over the years.

In view of the gold price movement from US $1,351 on June 14th to US $1,409 on June 30th, the fair value of the hedge position resulted in a non-cash loss of $10.6 million as detailed in the financial statements. As each hedge position matures, any unrealized gains or losses will be realized and be offset by the opposite effect on the physical gold sales in each period.

The Company recognizes the mark-to-market adjustments in its statements of operations and comprehensive income or loss, however this is not a cash flow item and does not affect the day to day operations of the Sugar Zone Mine.

Liquidity and Capital Resources

Excluding debt, the Company had a working capital deficit of $7.5 million at June 30, 2019 compared to a deficit of $10.9 million at December 31, 2018. Although the current liquidity position and operations have improved, the Company expects to seek financing in addition to cash generated from operations in the future, either by way of equity, debt or drawn down under the standby commitment facility with Appian for up to an additional US$7.5 million in non-equity financing, available at the Company’s option and subject to conditions for drawdown. While the Company has been successful in raising funds to date, there can be no assurance that such funds will be available to the Company on terms that it finds acceptable.

On July 22, 2019, the Company entered into an underwriting agreement on a bought deal basis with Echelon Wealth Partners Inc. (“Echelon”) for 20,000,000 flow-through common shares at a price of $0.30 per common share for gross proceeds of $6,000,000. Echelon will receive a cash fee of 5% plus warrants to purchase up to 5% of the common shares sold, with each warrant exercisable at a price of $0.30 per common share for 18 months. The Company also granted Echelon an over-allotment option of up to 15% of the underwritten common shares, or up to 3,000,000 additional flow-through common shares.

Qualified Persons and NI 43-101 Disclosure

The company has implemented a quality assurance and control (“QA/QC”) program to ensure sampling and analysis of mine and exploration work is conducted in accordance with industry standards. Drill core is sawn in half with one half of the core shipped to Activation Laboratories located in Thunder Bay, ON, while the other half is retained at the Company’s core facilities in White River, ON, for future verification. Channel and Chip samples were sent to Wesdome Mines lab in Wawa, ON. Certified reference standards and blanks are inserted into the sample stream on a regular interval basis and monitored as part of the QA/QC program. Gold analysis is performed by fire assay using atomic absorption, gravimetric or pulp metallic finish.

Robert Kusins, P. Geo., Harte Gold’s Senior Mineral Resource geologist, is the Company’s Qualified Person and has prepared, supervised the preparation, or approved the scientific and technical disclosure in this news release.

About Harte Gold Corp.

Harte Gold is Ontario’s newest gold producer through its wholly owned Sugar Zone Mine in White River Ontario. Using a 3 g/t gold cut-off, the NI 43-101 compliant Mineral Resource Estimate dated February 19, 2019 contains an Indicated Mineral Resource of 4,243,000 tonnes grading 8.12 g/t Au with 1,108,000 ounces contained gold and an Inferred Mineral Resource of 2,954,000 tonnes, grading 5.88 g/t Au with 558,000 ounces contained gold.

A NI 43-101 compliant Feasibility Study was completed on the Sugar Zone Mine effective February 15, 2019 calculating total Reserves of 3,879,000 tonnes grading 7.1 g/t Au with 890,000 ounces of gold. Exploration continues on the Sugar Zone Property, which encompasses 79,335 hectares covering a significant greenstone belt.

For further information, please contact:
Stephen G. Roman
President and CEO
Tel: 416-368-0999
Email: sgr@hartegold.com
Shawn Howarth
Vice President, Corporate Development
Tel: 416-368-0999
E-mail: sh@hartegold.com

This news release includes “forward-looking statements”, within the meaning of applicable securities legislation, which are based on the opinions and estimates of Management and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “budget”, “plan”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar words suggesting future outcomes or statements regarding an outlook. Such risks and uncertainties include, but are not limited to, risks associated with the mining industry, including operational risks in exploration, development and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; the uncertainty surrounding the ability of the Company to obtain all permits, consents or authorizations required for its operations and activities; and health, safety and environmental risks, the risk of commodity price and foreign exchange rate fluctuations, the ability of Harte Gold to fund the capital and operating expenses necessary to achieve the business objectives of Harte Gold, the uncertainty associated with commercial negotiations and negotiating with foreign governments and risks associated with international business activities, as well as those risks described in public disclosure documents filed by the Company. Due to the risks, uncertainties and assumptions inherent in forward-looking statements, prospective investors in securities of the Company should not place undue reliance on these forward-looking statements. Statements in relation to “reserves” or “resources” are deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves or resources described may be profitably produced in the future.

Readers are cautioned that the foregoing list of risks, uncertainties and other factors are not exhaustive. The forward-looking statements contained in this document are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or in any other documents filed with Canadian securities regulatory authorities, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. The forward-looking statements are expressly qualified by this cautionary statement.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


1 Mine EBITDA is a non-IFRS measure, refer to the Company’s “Non-IFRS Measures” and “Results of Operations” in the Company’s MD&A for a description and reconciliation to Net Income (Loss)
2 Refer to the Company’s MD&A under “Non-IFRS Measures” for description of these measures

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/815a218c-cf35-46af-97ef-5c29439138e0

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.

IT Industry

Hydrogen Peroxide Market Size Worth US$ 6.3 Billion by 2026

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Acumen Research and Consulting, Recently Published Report On “Hydrogen peroxide Market Size, Share, Trends, Scope, Growth Opportunity and Forecast 2019-2026”

LOS ANGELES, Aug. 20, 2019 (GLOBE NEWSWIRE) — The global hydrogen peroxide market is estimated to grow at CAGR above 5.2 % over the forecast time frame 2019 to 2026 and reach the market value around US$ 6.3 billion by 2026.

Free Download Sample Report Pages for Better understanding@ https://www.acumenresearchandconsulting.com/request-sample/1560

In the paper and pulp industry, developments would become an important force on the hydrogen peroxide market. The item helps enhance deinked documents that increase consumer requirement. More than 400 million tons of paper were consumed worldwide in 2015. In the next few years, advancement in the paper & plastic sector would boost demand for the item. In the paper & pulp sector, a booming e-commerce sector and increasing home delivery facilities are one of the main drivers. In the packaging sector, this has improved the need for paper. Increasing trends towards sustainable options would enhance paper recycling and in the future further increase the demand for H2O2.

Progress in the electronics sector would be an important chance for producers of hydrogen peroxide. The use of the product in etching of printed circuit boards is responsible. Several businesses invest in research and development and give item ratings that are appropriate for this implementation. However, the future growth of hydrogen peroxide markets could be curbed by strict rules on industrial exposure imposed by OSHA and other regulatory bodies such as REACH, FDA, EPA etc.

View Detail Information with Complete TOC@ https://www.acumenresearchandconsulting.com/hydrogen-peroxide-market

Due to the extensive use of the products in the production of various chemicals, the chemical end users sector had a significant share in the hydrogen peroxide market. It is used in the production of perborate sodium and percarbonate sodium. Various peracids are generated by oxidation of H2O2 in the presence of an acidic catalyst. It is the most appropriate chemical for aromatic ring hydroxylation. This item is also used in metal processing to effectively extract different impurities. In the coming years, such varied apps of the item will probably propel.

As Europe accounted for one fourth of the market share, Europe is an important region on the hydrogen peroxide business. This is due to the existence of significant item manufacturers in the area. The products must comply with various strict European Union regulations, which could in future curb market growth. Europe comprises approximately 18,000 wastewater treatment facilities presently in service. The area reuses 60% of the sludge and aims to achieve 100% in future. In turn, these increasing trends in the wastewater sector would stimulate the need for hydrogen peroxide. This is because the item is used in this method as an oxidizing agent. The oxidation level relies heavily on the quantity of H2O2. It can also minimize the toxicity of organic compounds, which enhances their biodegradability.

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Hydrogen peroxide is primarily a disinfectant, oxidant and bleaching agent. In the rocket and space sector the focused type of hydrogen peroxide is used as a propellant.

H2O2 levels of industrial strength typically exceed 34 percent. It is made as aqueous solutions with a powerful, pungent smell. Concentrations of industrial resistance usually vary from 35% to 70%.

Key Players & Strategies

Some of the vital players in the global hydrogen peroxide market are Kemira Oyj, Aditya Birla Chemicals Ltd., Solvay, Akzo Nobel, Evonik Industries, Gujarat Alkalies, etc. The industry is strengthened with few major competitors. Fusion & purchases is a significant business approach.

In order to satisfy the increasing requirement of multiple sectors, Kemira Oyj plans to increase its manufacturing ability. Solvay and Evonik Industries have invested in product development and specifically offered item grades for different apps. Dow Chemicals, BASF SE and Solvay worked together to increase the consumer requirement in the sector of HPPO technology.

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IT Industry

POET Technologies Signs Deal for Sale of DenseLight

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SAN JOSE, Calif., Aug. 20, 2019 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company”) (OTCQX: POETF; TSX Venture: PTK), a designer, developer and manufacturer of optoelectronic devices, including light sources, passive waveguides, and Photonic Integrated Circuits (PICs) for the data- and tele-communication markets, today announced that it has signed a definitive agreement with respect to its previously announced sale of its wholly-owned Singapore-based subsidiary, DenseLight Semiconductors, Pte. Ltd. (“DenseLight”).

In connection with the sale, which requires approval from the Company’s shareholders, POET has posted the Share Sale Agreement (“SSA”) on SEDAR (www.sedar.com) and published a Management Information Circular (“Circular”) for the Annual and Special Meeting of the Shareholders (the “Meeting”), set for September 20, 2019, via the TSX Trust website (http://docs.tsxtrust.com/2042). The Meeting will be held at 10:00 a.m. Eastern Time at Vantage Venues 150 King Street West, 27th Floor, Toronto, Ontario, on Friday, September 20, 2019. Representatives of the buyer of DenseLight intend to be present at the Meeting.

The buyer of DenseLight is DenseLight Semiconductor Technology (Shanghai) Co. Ltd. (“DL Shanghai”), a special purpose company recently organized by China Prosper Group on behalf of investors. DL Shanghai was established to acquire the capital stock of DenseLight from POET for a total consideration of US$28 million, which includes US$2 million that will be paid to Oak Capital Investment Company, Ltd., an affiliate of China Prosper Group, for due diligence, negotiation and other services rendered to the buyer in connection with the Share Sale Agreement. The lead shareholders in DL Shanghai are expected to be Dynax Semiconductors (Suzhou Nengxun High Energy Semiconductor Co.), one of Dynax’s major shareholders, the Suzhou Xiang Cheng District Investment Fund and a leading developer and manufacturer of Gallium Arsenide-based fiber lasers and optical passive devices for high powered lasers. Other shareholders include established funds and investors in the technology and communications industry in China. Dynax is China’s leading developer of Gallium Nitride-based electronic devices for RF microwave and industrial control in 5G mobile communication and broadband communication. None of the companies or individual shareholders have material interests in businesses that are competitive with DenseLight.

The transaction is expected to close on or before October 31, 2019, with the period between signing and closing allowing for both POET shareholder approval and the activities in which DL Shanghai is currently engaged, including the transfer of ownership interests to investors and assisting with foreign currency transfers prior to the closing.

Following closing, DenseLight’s operation in Singapore is expected to be expanded, both to support the preferred supply and strategic cooperation agreements negotiated with POET as part of the Share Sale Agreement and to serve an expanded market presence in China. Future plans include the construction of a high-volume manufacturing plant in Suzhou, expansion of sales and marketing efforts in China and elsewhere, and a potential public listing for DL Shanghai in China.

At the Meeting, in addition to approving resolutions related to the Company’s proposed sale of DenseLight, the Company will also conduct annual business, including the election of directors and ratification of the appointment of the Company’s auditors, Marcum LLP.

About POET Technologies Inc.
POET Technologies is a developer and manufacturer of optical light source products for the sensing and data communications markets. Integration of optics and electronics is fundamental to increasing functional scaling and lowering the cost of current photonic solutions. POET believes that its approach to hybrid integration of devices, utilizing a novel dielectric platform and proven advanced wafer-level packaging techniques, enables substantial improvements in device cost, efficiency and performance. Optical engines based on this integrated approach have applications ranging from data centers to consumer products. POET is headquartered in Toronto, with operations in Ottawa, Silicon Valley, the United Kingdom, and Singapore. More information may be obtained at www.poet-technologies.com.

Shareholder Contact:
Shelton Group
Brett L. Perry
sheltonir@sheltongroup.com
Company Contact:
Thomas R. Mika, EVP & CFO
tm@poet-technologies.com

This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company’s expectations with respect to the Meeting, completing the sale transaction of DenseLight the success of the Company’s product development efforts, the expected results of its operations, meeting revenue targets, , and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company’s technology as well as the market acceptance, inclusion and timing of the Company’s technology in current and future products.

Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding the success and timing for completion of its development efforts, financing activities, sale of its DenseLight subsidiary, future growth, plans for and completion of projects by the Company’s third-party consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company’s anticipated projects, delays or changes in plans with respect to the development of the Company’s anticipated projects by the Company’s third-party relationships, risks affecting the Company’s ability to execute projects, the ability of the Company to generate sales for its products,  the ability to attract key personnel, and the ability to raise additional capital, and its ability to complete all the agreements required for the sale of the subsidiary in enough time to hold a Special Meeting on the announced date. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 – Fax: 416-322-5075

 

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IT Industry

LaSalle Solutions Promoted to Elite Partner Level Status in Riverbed Rise

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ROSEMONT, Ill., Aug. 20, 2019 (GLOBE NEWSWIRE) — LaSalle Solutions, a division of Fifth Third Bank, announced today that it has achieved the Elite Partner Level Status in Riverbed Rise. Riverbed Rise is a channel partner program launched by Riverbed in January 2018 designed to recognize and reward partner performance across all partner types and business models. Riverbed provides a combination of Digital Experience Management and Digital Networking solutions that ensure superior digital and user experiences, provides new levels of operational agility and accelerates business outcomes. Accumulation of dividends with Riverbed over the past 12 months is the main contributing factor in the advancement to Elite Partner Level Status.

“LaSalle continues to climb in status with our partners thanks to our commitment to optimizing our customers’ technology infrastructures according to their needs,” said Steven Robb, senior vice president of the Solutions Group at LaSalle Solutions. “LAMP, our cloud-based technology information management platform, continues to be an integral piece of the puzzle thanks to the unmatched data reliability it provides at the customers’ fingertips.”

“LaSalle’s Elite Partner level status in Riverbed Rise is a recognition which underscores LaSalle’s commitment to ensuring its customers are provided the best technology solutions and expertise,” said Bridget Bisnette, Senior Vice President of Global Partner Sales, at Riverbed. “We congratulate their ongoing achievement and partnership.”

Building a strategic partnership with Riverbed enables LaSalle to provide a broader set of cloud-based technology solutions to drive positive outcomes for its customers. For a list of LaSalle’s technology partners, visit lasallesolutions.com/partners.

About LaSalle Solutions

Founded in 1980, LaSalle Solutions is a leading provider of technology lifecycle asset management services. LaSalle enables its customers to improve their technology operations through enhanced processes, management and reporting for better planning and return on investment. LaSalle Solutions’ processes, outstanding customer service and powerful, market-leading cloud-based platform, LAMP, enable customers to obtain better business outcomes through transparency and reliable results at their fingertips.

LaSalle Solutions is a division of Fifth Third Bank. Fifth Third Bank is focused on developing solutions in the equipment finance, leasing and technology arena to support better financial outcomes for our customers. LaSalle and Fifth Third share Midwest roots and a proud commitment that puts customers at the center of everything we do. Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio and the indirect parent company of Fifth Third Bank, an Ohio-chartered bank. Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Deposit and Credit products are offered by Fifth Third Bank. Member FDIC.

Learn more about LaSalle Solutions at lasallesolutions.com and YouTube.com/LaSalleSolutions.

LaSalle Solutions and LAMP are registered trademarks of Fifth Third Bancorp.

Press Contact
Beth Kirshenberg
LaSalle Solutions
847.823.9600
marketing@elasalle.com

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