PR in the Philippines

Mr. Wei Aiguo, Managing Director (Right),Mr. Derek Lai, Deputy Managing Director (Left)HONG KONG, Sept 26, 2024 - (ACN Newswire via SeaPRwire.com) –  AEON Credit Service (Asia) Company Limited (“AEON Credit” or the “Group”; Stock Code: 00900) today announced its interim results for the six months ended 31st August 2024 (“1HFY2024/25” or the “Reporting Period”).During the Reporting Period, the Group’s revenue increased by 9.9% year-on-year to HK$860.3 million. The increase was attributable to the growth in interest income, driven by various marketing programs implemented in 1HFY2024/25 that successfully sustained sales growth despite the slow economic recovery. With the cost-to-income ratio decreasing to 47.0% from 48.0% in 1HFY2023/24 due to enhanced operational efficiency, the Group recorded an operating profit before impairment losses and impairment allowances of HK$426.0 million for the Reporting Period, representing an increase of 11.7% from 1HFY2023/24. Profit after tax was HK$170.4 million (1HFY2023/24: HK$191.4 million). The decrease in profit after tax was due to the increase in impairment losses and impairment allowances as a result of the rise in credit defaults and weakened economic indicators.The Board has resolved to declare an interim dividend of 24.0HK cents per share (1HFY2023/24: 24.0 HK cents per share), representing a dividend payout ratio of 59.0%.To cope with the slower than expected economic recovery and other headwinds, the Group took timely measures during the Reporting Period to sustain the increase in both sales and receivables, while making significant efforts to enhance its risk-based pricing mechanism to maximize the return from its credit card and personal loan portfolios, and utilized an effective credit risk management mechanism to reduce the likelihood of credit impairment.The Group achieved an overall increase in sales of 10.6% in 1HFY2024/25 compared with the first half of the previous year, and the gross advances and receivables balance continued to record an increase of 3.8% from the end of February 2024.With regard to marketing, the Group utilized targeted marketing and attractive promotions to better promote the competitive edge of its carefully devised products and services to the intended customers. Meanwhile, in order to diversify its branch network and meet customers’ growing demand for face-to-face advisory services, the Group continued to revamp and expand its branch network, including the opening of the new Shatin branch in June 2024 with a dedicated insurance consultation counter.To further strengthen its technological foundation, the Group has successfully relocated its core data center to Tseung Kwan O, with its infrastructure ranked top tier in terms of uptime guarantee, fault tolerance and competitive service cost. The new data center is located in a building purposely designed to meet internationally recognized green building certification standards, demonstrating the Group’s commitment to integrating sustainability into its business operations.Looking ahead, the Group will seek receivable growth at reasonable yields while managing funding expenses to increase net interest income. Flexible marketing strategies will also be adopted to broaden the customer base and service channels, leveraging on systems to boost service quality and operational efficiency. In addition, the Group will endeavour to diversify revenue streams by cultivating fee-generating transactions and insurance intermediary businesses.As credit conditions are expected to remain challenging, the Group will closely monitor the effectiveness of credit assessment and credit management improvement, as well as achieve better maturity matching, to minimize credit and liquidity risks.Regarding digitalization of operations, the Group will continue to enhance its call center platform and provide responsive customer interaction. Data analytics tools will also be further developed to heighten the effectiveness of marketing, credit assessment and credit management activities.To enhance credit card services, the upcoming introduction of the virtual credit card functionality within the “AEON HK” mobile application will provide customers with immediate purchasing capabilities right after card-approval and activation without the need for branch visits.Besides, in response to evolving consumer preferences and payment technologies, a new credit card design will be launched on 30 September 2024 to offer customers a more convenient and premium payment experience. The redesign addresses growing demand for contactless payment and uses recycled plastics, embodying the Group’s commitment to innovation and sustainability.Mr. Wei Aiguo, Managing Director of AEON Credit, said, “Despite the uncertainties in the macroeconomic environment, we will continue to devote resources to provide exceptional consumer finance services to meet evolving customers’ needs and to expand our customer base with innovative customized products. With our strong liquidity and balance sheet, as well as proven management expertise and capabilities, we are well positioned to take advantage of the opportunities in the consumer finance market to achieve better performance in the remainder of the year.”About AEON Credit Service (Asia) Company Limited (Stock Code: 00900)AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.For more information, please visit the company’s website at www.aeon.com.hk. Copyright 2024 ACN Newswire via SeaPRwire.com.

- TEC achieves 50,000 Members, reflecting its exceptional workspace solutions- Celebrating 30 years of innovation and excellence in the industry- TEC continues to enhance Member experiences through premium servicesHONG KONG, Sept 27, 2024 - (ACN Newswire via SeaPRwire.com) - The Executive Centre (TEC), Asia’s leading premium flexible workspace provider, is proud to announce that it has signed up 50,000 Members within its global network of premium flexible workspaces, coinciding with the celebration of its 30th Anniversary. This extraordinary milestone not only marks a significant moment in the company's history but also underscores its enduring commitment to redefining the future of work.Since its inception in 1994, The Executive Centre has been at the forefront of the flexible workspace revolution, adapting to the changing dynamics of the modern workforce. The growth to 50,000 Members reflects the trust and loyalty of TEC’s diverse clientele – with 83% of its client portfolio being multinational companies (MNCs) and the balance being high-net-worth small and medium sized enterprises (SMEs) – all seeking the premium, versatile workspace solutions that TEC provides.“We are thrilled to welcome our 50,000th Member into The Executive Centre community,” said Paul Salnikow, Founder and CEO of The Executive Centre. “As we celebrate our 30th Anniversary, we remain committed to enhancing the Member experience, supporting our vibrant community, continuously growing with our Members and providing exceptional work environments that foster collaboration and innovation.”In the past three decades, The Executive Centre has grown to become one of the largest flexible workspace providers in Asia-Pacific, boasting an expansive portfolio of over 220 locations, generating USD 315 million in annual revenue, and an annual compounded growth rate of 18%.As TEC looks to the future, the company is well-positioned to maintain its leadership in the premium workspace sector. TEC is committed to delivering best-in-class services that empower Members to succeed while fostering a thriving community for innovation, connection, collaboration, and growth.About The Executive CentreThe Executive Centre (TEC) is Asia’s premium flexible workspace provider, opened its doors in Hong Kong in 1994 and today boasts over 220+ Centres in 36 cities and 16 markets. It is the third largest serviced office business in Asia.The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space - they are looking for a place for their organisation to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, South Asia, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organisations to succeed.Privately owned and headquartered in Hong Kong, TEC provides first class Private and Shared Workspaces, Business Concierge Services, and Meeting & Events facilities to suit any business' needs.www.executivecentre.comPress EnquiriesFGS GlobalKitty LamKitty.Lam@fgsglobal.com / +852 6306 8851The Executive CentrePebble LeePebble_lee@executivecentre.com / +852 3951 9888 Copyright 2024 ACN Newswire via SeaPRwire.com.

New York and Tokyo, Sept 26, 2024 - (ACN Newswire via SeaPRwire.com) - HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading enterprise software and data consulting services company based in Tokyo, announced its Go IPO client, SBC Medical Group Holdings Inc. (“SBC”), has successfully commenced trading under the symbol “SBC” on the Nasdaq Global Market exchange. HeartCore was initially compensated through an aggregate $900,000 in initial fees and warrants to acquire 2.7% of SBC’s common stock, on a fully diluted basis, which equate to $17 million; in total, HeartCore generated $17.9 million in revenue from the SBC deal, with $17 million to be recognized in Q3 2024.As previously mentioned, of the $17.9 million, HeartCore sold $9 million worth of warrants to a Japanese financial institution during Q1 2024. The Company generated $5.64 million in net sales after paying a referral fee of $3.36 million to So Management Inc. for sourcing the lead. With SBC now publicly traded, HeartCore holds in total $8 million worth of SBC stock.Pursuant to the initial agreement, the Company assisted SBC throughout the listing process, including the audit and legal firm hiring process, translating requested documents into English, assisting in the preparation of documentation for internal controls required for an initial public offering, providing general support services, assisting in the preparation of the F-1 filing, and more.Additionally, HeartCore announced the following guidance range for Q3 2024:Revenue: $19 million-$23 millionNet Profit: $4 million-$8 million“The SBC Medical Group deal is our biggest Go IPO deal to date, amassing a gross total of $17.9 million in total top line revenue for HeartCore,” said CEO Sumitaka Kanno Yamamoto. “Our team played a vital role in fostering the go public process for our treasured client, and we are very much looking forward to the progress and continued success SBC will create as a publicly traded company on the Nasdaq.“Furthermore, we are very encouraged by our forecasted financials for Q3 2024, as HeartCore is slated to have its strongest quarter in corporate history. Relative to last year’s revenue for the first nine-months ended September 30, 2023, of $18.5 million, we anticipate generating between $28.1 million and $32.1 million in revenue for the nine months ended September 30, 2024, with a significant profit. We expect this year will be HeartCore’s strongest by far, and we continue to stay laser focused on providing value for our Go IPO clients, in addition to our enterprise software clients.”For more information, please contact:Mandy TanEmail: m.tan@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.

EAST LONGMEADOW, MA, Sept 27, 2024 - (ACN Newswire via SeaPRwire.com) - Fast Company, the world's leading business media brand, with an editorial focus on innovation in technology, leadership, world-changing ideas, creativity and design, has selected Excel Dryer, Inc., for the 2024 100 Best Workplaces for Innovators (BWFI) list, ranking the manufacturer at number 40 among 100 companies that foster a culture of innovation and creativity in their workplaces worldwide. In addition to this distinguished honor, Excel Dryer was also selected as one of 10 finalists in the BWFI category of General Excellence.William Gagnon, Executive Vice President & Chief Operating Officer at Excel Dryer, accepted the Fast Company "100 Best Workplaces for Innovators" award.BWFI honorees are selected from across industries, chosen for their investment in employees and a workplace that encourages experimentation and forward thinking. The General Excellence category, new in 2024, recognizes companies that have established strong innovation cultures that have yielded remarkable results."As the creators of the energy-efficient, high-speed hand dryer category, Excel Dryer is proud to be recognized for our ongoing commitment to fostering employee engagement, creativity and vision," said William Gagnon, Executive Vice President & Chief Operating Officer at Excel Dryer. "We invest heavily in research and development, adopting state-of-the-art technologies that empower our employees across departments."Examples of recent initiatives at Excel Dryer include:Renovation of the company's global headquarters, guided by the WELL (IWBI) Standards with an emphasis on biophilic design, physical and mental well-being, and sustainabilityIntegration of collaborative ‘Cobots' (robotics) into the manufacturing process, enhancing workplace efficiencyDepartment-wide adoption of Cascading Goals and Levels of Excellence principles, providing a structured approach to facilitating communication, encouraging engagement and aligning goals"We remain dedicated to advancing the industry while ensuring that everything we do reflects the company values of sustainability, efficiency, wellness and inclusivity," Gagnon said. "This holistic approach to innovation not only drives Excel forward but improves the quality of life for our employees and the communities we serve."About Excel Dryer, Inc.Excel Dryer is a family-owned and operated company that revolutionized the industry with the invention of the XLERATOR® Hand Dryer, which set a new standard for performance, reliability and customer satisfaction. For more than 50 years, Excel has been manufacturing American-made hand-drying solutions that are dependable, cost-effective, safe and sustainable. Backed by the best customer service, Excel Dryer products can be purchased through an established network of sales representatives and distributors globally. Learn more about Excel Dryer at exceldryer.com.Contact InformationSue SpiryMarket Mentorssspiry@marketmentors.com413-787-1133Related ImagesWilliam Gagnon, Executive Vice President & Chief Operating Officer at Excel Dryer, accepted the Fast Company "100 Best Workplaces for Innovators" award.SOURCE: Excel Dryer, Inc. Copyright 2024 ACN Newswire via SeaPRwire.com.

SAN DIEGO, CA, Sept 27, 2024 - (ACN Newswire via SeaPRwire.com) - General Atomics Aeronautical Systems, Inc. (GA-ASI) has added Raymond Knops, Chairman of the Dutch Industry Foundation for Defence and Security (NIDV), and Thomas McSorley, General Counsel for NATO DIANA (Defence Innovation Accelerator for the North Atlantic), to a growing list of speakers and panelists on the agenda for the first-ever Blue Magic Netherlands (BMN) event being held on November 19, 2024. Other companies participating in GA-ASI's BMN event include Brainport Development, Brabant Development Agency (BOM), SPACENED, and Lockheed Martin Ventures."We're excited to launch this event in the Netherlands, which will bring together the best of Dutch industry and innovation," said Brad Lunn, Managing Director of Strategic Finance at GA-ASI. "We are already engaged with companies who have contacted us to pitch their capabilities for possible inclusion in Blue Magic and open up funding opportunities."Dutch businesses that would like to pitch their technology and capabilities at BMN 2024 are encouraged to register on the event website by no later than Oct. 28, 2024.Blue Magic Netherlands will be held in Eindhoven, a city known as a global technology hub. BMN will bring together Dutch startups, universities, government officials, aerospace leaders, and representatives from other high-tech industries, who will see technology advancements within the Dutch technology ecosystem and connect qualified partners with funding opportunities to support next-generation dual-use solutions.GA-ASI has organized several successful Blue Magic events in the past and is bringing that same concept to the Netherlands. Areas of focus for BMN 2024 will be artificial intelligence/machine learning, autonomy, advanced materials, sensors, advanced manufacturing, and space. GA-ASI delivered its MQ-9A Remotely Piloted Aircraft (RPA) to the Royal Netherlands Air Force (RNLAF) in 2021 and recently announced an increase in the total order of MQ-9As in its service to eight.About GA-ASIGeneral Atomics Aeronautical Systems, Inc. (GA-ASI), an affiliate of General Atomics, is a leading designer and manufacturer of proven, reliable RPA systems, radars, and electro-optic and related mission systems, including the Predator® RPA series and the Lynx® Multi-mode Radar. With more than 8 million flight hours, GA-ASI provides long-endurance, mission-capable aircraft with integrated sensor and data link systems required to deliver persistent situational awareness. The company also produces a variety of sensor control/image analysis software, offers pilot training and support services, and develops meta-material antennas.For more information, visit www.ga-asi.com.Avenger, Lynx, Predator, SeaGuardian, and SkyGuardian are registered trademarks of General Atomics Aeronautical Systems, Inc.Contact Information:GA-ASI Media Relationsasi-mediarelations@ga-asi.comSOURCE: General Atomics Aeronautical Systems, Inc. Copyright 2024 ACN Newswire via SeaPRwire.com.

LONDON, Sept 27, 2024 - (ACN Newswire via SeaPRwire.com) - Delivering a temperature-sensitive product like gelato presents a number of challenges, especially in a tropical climate, so Vilo Gelato partnered with Cloud Retail to take advantage of its quick commerce experience. Vilo Gelato's proprietary cold-delivery process coupled with Cloud Retail's quick-delivery software ensures each delivery arrives at the perfect temperature every time.Cloud RetailWith 35+ locations, Vilo Gelato has become a favourite among ice cream enthusiasts for its unique flavours and commitment to quality. Now, Vilo Gelato is poised to enhance its customer experience by providing a seamless online shopping platform."We are thrilled to be partnering with Cloud Retail to bring our gelato to a wider audience," said Vincent Kusuma, CEO of Vilo Gelato. "This collaboration allows us to offer a new level of convenience to our customers, especially as online shopping continues to grow in popularity. With Cloud Retail's robust eCommerce platform, we are confident that our customers will have an exceptional online purchasing experience."Cloud Retail is a user-friendly and reliable eCommerce platform that enables us to achieve this goal. We are confident that through this partnership, our customers will not only receive high-quality Vilo Gelato products but also enjoy an exceptional online shopping experience. This is a significant step forward in ensuring our products are easily accessible to customers wherever they are, be it in the office, home, party, school, social gathering, park, etc."We believe this collaboration is a testament to our commitment to continuous innovation and delivering the best to our customers, while also leveraging technological advancements to provide better service. Having Cloud Retail as our strategic partner, we are better equipped to meet the evolving market demands and offer a modern, secure, and enjoyable shopping experience."Paul Findel, VP of Sales at Cloud Retail, expressed enthusiasm for the partnership, "Vilo Gelato is an exciting brand in Indonesia, and we are thrilled to work with them to bring their eCommerce vision to life. Our end-to-end solution is designed to handle all aspects of online sales, from user-friendly storefronts to secure payment processing and efficient delivery logistics. Our extensive experience in the grocery space was a perfect match for Vilo Gelato as their temperature-sensitive product requires an error-free rapid delivery. We look forward to helping Vilo Gelato expand its presence in the digital space."About Vilo GelatoVilo Gelato is an aspiring Indonesian-made ice cream with flavour and taste inspiration from Indonesia and around the world. Currently, more than 75 flavours are available to bring joy and happiness to customers around Indonesia. Visit https://www.vilo.id/.About Cloud RetailCloud Retail is an all-in-one eCommerce platform combining all the services you need in one tool, eliminating the need for multiple systems, improving efficiency, and lowering operating costs. Visit www.thecloudretail.com.Contact InformationMark RicksHead of Marketingmark.ricks@thecloudretail.comSOURCE: Cloud Retail Copyright 2024 ACN Newswire via SeaPRwire.com.