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Organto Adds Strategic Supply Partner For Value-Added Organic Vegetables

Betty Tűndik

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Photo Source: marketingtribune.nl
Reading Time: 2 minutes

 

Organto Foods Inc. (TSX-V: OGO, OTC: OGOFF) (“Organto” or “the Company”), an integrated provider of value-added organic vegetables and fruits today announced that it has entered into a long-term strategic supply relationship with an established supplier of conventional and organic fruits and vegetables operating in Zimbabwe.

Under the terms of the five-year agreement, Organto will have exclusive sales rights for all organic products produced by the supply partner, and will initially focus on Organto’s value-added year-round organic vegetables, including organic green beans, organic snow peas and organic sugar snaps. Delivery of these products are expected to commence late in December 2018. Annualized revenue potential of over CDN $5 million is expected at current forecast production rates, with significant expansion possible subject to the availability of additional organic acreage1.

Aligned with Organto’s strategic business model, and as a second phase to this strategic relationship, Organto also plans to add organic soft fruits such as organic blueberries and blackberries, and other organic vegetables including organic asparagus tips, for delivery in the second half of 2019.

“We are excited to work with our new supply partner as we expand our sourcing and supply platform for our core year-round value-added branded vegetable products.” commented Steve Bromley, Chair and Interim CEO of Organto Foods Inc. “We have been challenged in the past by supply/demand imbalances on these products, so we are pleased to add this strategic supply source to our year-round platform.”

The addition of this new supply source is part of Organto’s strategy to expand its value-added organic vegetables and fruits product offering. Organto continues to increase its supply capabilities via the addition of new supplier relationships focused on organic soft, tropical and exotic fresh fruits and other organic vegetables, in order to diversify its revenue streams beyond just high-value organic vegetables. Organto intends to continue to establish supply relationships with strategic growers in key supply markets in order to expand market presence and develop opportunities for Organto “I am Organic” branded products as well as private label and distributed product offerings.

ON BEHALF OF THE BOARD,

Steve Bromley
Chair and Interim Chief Executive Officer

Neither the 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 news release.

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Computer Software

Kuliza Raises 3 Million USD Funding From Silicon Valley Private Equity Firm Emergent Ventures to Drive Product Innovation

Vlad Poptamas

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Kuliza, a leading software company, announced today that it has received 3 million USD funding led by Emergent Ventures, an active investor in category-defining enterprises and technology businesses across the globe. This funding will help Kuliza fuel R&D for its flagship product – Lend.in and assist its customers and partners better.

We are excited to partner with Emergent Ventures and with this financial backing, we will continue to propel product innovation and transform lending for financial enterprises worldwide with our low-code platform, Lend.In. Our research and development team will achieve a new level of excellence,” said Kaushal Sarda, Chief Executive Officer, Kuliza. He also added, “Our revenue and paying customers will enable us to strategically increase our global footprint, in this chapter of our growth story.”

Aparna Sharma, Co-Founder and Chief Operating Officer, Kuliza Technologies, said that, “Kuliza has witnessed a massive growth in the last few quarters. Adding several new global financial enterprise logos is a testament to our flagship product Lend.In.” Our product team has also grown by over 150 percent to serve our growing base of customers.” She also mentioned that “We are glad to have a partner like Emergent Ventures, which will pave the way to making Kuliza as the preferred transformation partner of global financial enterprises.

Gaurav Jain, Chief Technology Officer, Kuliza Technologies, said that “We have established a set of milestones that we seek to achieve in the coming few months. With regards to product innovation, we are looking at advancing towards a No-Code platform for financial enterprises. We will also focus on building a business user-driven lending system with unit intelligence.

At Emergent Ventures, we are always looking for entrepreneurs who are on a rapid trajectory of personal growth, which in turn sets up their companies for sustained growth. We see great potential in Kuliza which has established a strong foundation for rapid and sustainable growth. Their products are driving significant value for their customers and Kuliza is capturing market share from incumbents,” said Ankur Jain, Founder and Partner, Emergent Ventures. He mentions “Their culture, innovation and expertise gives us immense confidence about the organization. We are excited to partner with Kuliza in this new chapter.

Kuliza launched its flagship product ‘Lend.In’ in 2017 and in a very short span of time, the low code platform became the proven choice for lending enterprises. As of today, over a billion dollars worth loans have been processed by leading financial enterprises using Lend.In. In addition, the organization has strengthened its leadership team and domain expertise by on-boarding leaders like Mr. Gangadharan Unni Kartha, Ex Global Delivery Head – Digital Payment Systems for Gemini Software and Mr Vaijinath MG, Ex-Chief General Manager of State Bank of India.

 

SOURCE Kuliza Technologies Private Limited

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Blockchain

Covesting and PrimeXBT to Launch Copy Trading in Groundbreaking New Partnership

Vlad Poptamas

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Photo source: medium.com
Reading Time: 1 minute

 

Covesting, a Europe-based, licensed digital currency exchange and professional trading platform offering a secure and technologically-advanced infrastructure for investors and traders worldwide, have announced their first ever B2B partnership.

Covesting has long been working to develop bank-grade infrastructure suitable for institutions and other global players. The scalable architecture allows Covesting to integrate with and license their cutting-edge technology to other platforms.

One of Covesting’s most anticipated features, copy trading, allows novice traders to follow the industry’s top traders and mimic tried-and-true trading strategies, giving them a competitive edge and a shortcut to profit.

The COV token, a utility token designed to unlock the potential of the copy-trading module, will be integrated into the PrimeXBT’s third-party platform and become an essential part of the copy trading experience.

The two companies anticipate finalizing the integration of both the copy trading module and COV utility token within the next four months.

Covesting Founder and CEO, Dmitrij Pruglo, spoke of the groundbreaking partnership, stating that “PrimeXBT is one of the fastest growing startups in the crypto industry, offering among the best platforms for competitive trading conditions. We firmly believe our copy trading module will be extremely beneficial for PrimeXBT platform, which allows trading with 100x leverage across a variety of digital assets.”

“Copy trading is at the core of Covesting, and we’re proud to offer the state of the art, proprietary technology to integrate with other industry players,” – Pruglo added.

DISCLAIMER: Covesting solely provides technology within the scope of a licensing agreement and is not liable for any risks related to the service quality or any products offered by a third-party partner.

 

SOURCE Covesting

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Blockchain

Blackmoon and Zeus Exchange Strategic Partnership Announced

Vlad Poptamas

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Blackmoon and Zeus Exchange Strategic Partnership Announced
Reading Time: 1 minute

 

Blackmoon Financial Group, a blockchain Financial Service and Fintech firm, and Crypto Zeus PTE. LTD. (Zeus Exchange), a Fintech firm whose vision is to merge traditional investments with the power of the blockchain, today announced that they have formed a strategic partnership over co-branded Exchange Traded Indexes (ETxs).

The new relationship between Blackmoon and Zeus Exchange will empower them to work very closely together in order to produce the ETx that will be directly linked with underlying assets listed on Zeus Exchange, whether those are stocks, or crypto stocks, or cryptocurrencies or other asset types, with an ability to receive an underlying asset at any given time.

“Blackmoon and Zeus Exchange share a very similar vision and it’s because of this that we are happy to have discovered such an incredible organization to partner with. We are eager to release the Zeus Exchange ETxs to offer this creative investment opportunity to investors across the globe,” said Oleg Seydak, CEO of Blackmoon

“Zeus Exchange strategy is to align with the best players in the field and build a diverse and liquid trading environment across the countries. We are happy to partner with Blackmoon over a whole investment class to trade at our platforms while offering the best of both in Asia and in Europe together,” said Olga Duka, CEO of Zeus Exchange

Such a strategic partnership is one of many that both companies intend to form over the coming months. The ultimate goal will be to have an entire suite of innovative investment instruments to offer to the clients around the globe within a partnership-based and legally coherent ecosystem of services.

 

SOURCE Blackmoon and Zeus Exchange

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