Swedish Court Upholds $100 Million Asset Freeze on Kazakh Shares Held in Sweden

Frozen Assets Securing a US$520 Million Award Against Republic of Kazakhstan 

NEW YORK, Jan. 24, 2018 /PRNewswire/ — On January 24, 2018, Stockholm District Court issued a judgment clearing the way for Anatolie Stati, Gabriel Stati, Ascom Group S.A. and Terra Raf Trans Traiding Ltd (together, the “Stati Parties”) to collect the US$520 million arbitration award the Stati Parties won against the Republic of Kazakhstan (“Kazakhstan“) four years ago.

The Stockholm court ruling upholds its earlier ex parte attachment granted August 21, 2017 to the Stati Parties with respect to Kazakhstan’s shareholdings in 33 Swedish public companies worth approximately US$100 million.  In particular, the Stockholm court found that there was a risk that, in the absence of an attachment order, Kazakhstan will dispose of its assets located in Sweden:

Kazakhstan has clearly shown that Kazakhstan does not intend to voluntarily pay off the debt according to the arbitration award, which has gained legal force, despite the fact that an action for annulment was dismissed by Svea Court of Appeal and that a request for extraordinary review was dismissed by the [Swedish] Supreme Court. This fact, taken together with what applicants have stated otherwise in this regard, means that it may reasonably be feared that Kazakhstan tries to avoid paying the debt by disposing the property or by other means.”

The court also awarded the Stati Parties all of their claimed legal costs in an amount of approximately US$100,000.  This judgment upholds the asset freeze previously levied by the Swedish state bailiff and allows the bailiff to proceed with measures related to the forced sale of the attached shares and the transfer of their sale proceeds to its escrow account. The proceeds are expected to be transferred to the Stati Parties following the conclusion of all pending legal proceedings in Sweden.

The attachment was secured as part of the Stati Parties’ long-running battle to enforce an arbitral award issued in December 2013 for violating the investor protection provisions of the Energy Charter Treaty. A tribunal constituted under the auspices of the Stockholm Chamber of Commerce found that Kazakhstan violated its international obligation to treat the Stati Parties’ investments fairly and equitably and awarded the Stati Parties more than US$500 million in damages, legal costs, and interest.

The award has since been fully upheld by two tiers of the Swedish judiciary, including the Swedish Supreme Court. However, the Government of Kazakhstan is refusing to honor its obligations under the award, in breach of its international treaty obligations even as it seeks to portray itself as an investor friendly jurisdiction.  

The judgment of Stockholm District court was issued in the wake of other court rulings in several jurisdictions where the Stati Parties are currently enforcing the award. In particular, the Stati Parties have secured an attachment from the Belgian court, as a result of which Bank of New York Mellon, acting as Kazakhstan’s global custodian, has frozen assets worth approximately US$22.6 billion, including cash, government/corporate bonds and equity shareholdings amounting to about 40% of the National Fund of Kazakhstan.   

In addition, the Stati Parties have secured an attachment of Kazakhstan’s property in the Netherlands with respect to the State’s shareholding in the Dutch entity KMG Kashagan B.V. That shareholding is held via the Kazakh sovereign wealth fund Samruk-Kazyna.  Through its Kashagan stake, nominally valued at approximately US$5.2 billion, the Kazakh State participates in the international consortium relating to the Kashagan oilfield, one of the largest offshore oilfields in the world.  A further attachment was obtained by the Stati Parties in Luxembourg, including Kazakhstan’s shareholding in the Luxembourg entity Eurasian Resources Group and certain trade receivables due to the State from a number of Luxembourg companies.

The claims originally arose out of Kazakhstan’s seizure of the Stati Parties’ petroleum operations in 2010. The Stati Parties acquired two companies in 1999 that held idle licenses in the Borankol and Tolkyn fields in Kazakhstan. They invested more than US$1 billion over the ensuing decade to turn the companies into successful exploration and production businesses.  By late 2008, the businesses had become profitable and had yielded considerable revenues for the Kazakh state.  Just as the Stati Parties expected to start receiving dividends, more than half a dozen government agencies carried out a number of burdensome inspections and audits of the companies’ businesses that resulted in false accusations of illegal conduct directed at the Stati Parties and their Kazakh companies, including criminal prosecutions of their general managers on false pretenses. Kazakhstan’s actions challenged the Stati Parties’ title to their investments, subjected them to hundreds of millions of dollars in unwarranted tax assessments and criminal penalties and ultimately led to the seizure and nationalization of their investments by Kazakh authorities in 2010.

MEDIA CONTACTS
Kimberly Macleod
(917) 587-0069
kim@kmacconnect.com

Chris Winans
(908) 309-3959
chris@kmacconnect.com

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SOURCE Ascom Group S.A.

Blank Rome Welcomes Accomplished Litigation Partner in Philadelphia

PHILADELPHIA–(BUSINESS WIRE)–Blank Rome LLP is pleased to announce that Charles S. Marion has joined the Firm as a Partner in the Commercial Litigation group in the Philadelphia office. At Blank Rome, Mr. Marion’s litigation practice will focus primarily in the areas of intellectual property, franchise, securities, product liability, and complex business disputes. He joins Blank Rome from Pepper Hamilton LLP.

“We are thrilled to welcome Chuck to Blank Rome,” said Alan J. Hoffman, the Firm’s Chairman and Managing Partner. “For nearly three decades, Chuck has handled a wide range of complex business disputes and litigation, including counseling clients through alternative dispute resolution processes such as mediation and arbitration. We’re happy to add another accomplished litigator like Chuck to our team of former prosecutors, former judges, and seasoned trial attorneys.”

An experienced litigator, Mr. Marion has tried cases to verdict in various state and federal courts throughout the United States. He has also served as lead counsel in domestic and international arbitrations, and regularly represents clients in various types of alternative dispute resolution. In terms of his intellectual property litigation experience, Mr. Marion has tried patent and trademark infringement cases, claims for unfair competition and breach of non-compete and/or non-solicitation agreements, trade secret misappropriation disputes, and numerous injunction actions. Mr. Marion also counsels clients whose websites have been accused of violating the Americans with Disabilities Act, and serves as a thought leader on the subject.

“Chuck and I have known each other since our days as law school classmates at the University of Pennsylvania,” said Grant S. Palmer, Chair of Blank Rome’s Litigation Department. “Throughout his career, Chuck has developed a deep sense of empathy for his clients, who often face uncertain times during litigation. Considerate of the risk involved with litigation, Chuck counsels clients on strategies they can use to resolve a lawsuit as favorably and swiftly as possible, but on the best possible terms. I’m confident that Chuck will be a great addition to our team of more than 300 litigators across the country.”

Mr. Marion represents corporations and individuals in a variety of industries and his intellectual property and product liability cases involve a wide range of technologies, devices, and products (both consumer and industrial).

“I’m very excited to join Blank Rome and work alongside the collegial team of attorneys at the Firm,” said Mr. Marion. “Blank Rome provides me and my clients with an extended platform in terms of geographic reach, including in Florida, as well as additional service offerings and industry capabilities, including finance, gaming, and franchise law, all of which are increasingly important to our economy. I’m impressed by Blank Rome’s steady and strategic growth over the past several years, as well as the Firm’s collaborative approach to client service.”

Mr. Marion was also attracted to Blank Rome for its deep tradition of pro bono service, commitment to diversity and inclusion, and respect for the community. Similarly, Mr. Marion is an active member of several professional, charitable, educational, and community organizations. He serves as president and trustee of the Chestnut Hill Community Fund, a charitable trust that manages an endowment fund and other assets for the benefit of the Chestnut Hill Community Association in Philadelphia. He also serves as a member of the advisory council of the Salvation Army Kroc Center of Philadelphia. He is a member of the board of directors of the Wharton Alumni Club of Philadelphia and chairs the club’s monthly networking breakfast meetings. Additionally, he founded the 2T Group, a business networking group based in Philadelphia.

Mr. Marion earned his J.D. from the University of Pennsylvania Law School, his B.A. in American History, with honors, from the University of Pennsylvania, and his B.S. in Economics from The Wharton School at the University of Pennsylvania.

About Blank Rome LLP

Blank Rome is an Am Law 100 firm with 13 offices and more than 600 attorneys and principals who provide comprehensive legal and advocacy services to clients operating in the United States and around the world. Our professionals have built a reputation for their leading knowledge and experience across a spectrum of industries, and are recognized for their commitment to pro bono work in their communities. Since our inception in 1946, Blank Rome’s culture has been dedicated to providing top-level service to all of our clients, and has been rooted in the strength of our diversity and inclusion initiatives. For more information, please visit blankrome.com.

Petrosoft Selects Intel(R) for Its Next Generation Site Integration Network

PITTSBURGH, Jan. 24, 2018 (GLOBE NEWSWIRE) — Petrosoft announces that it has chosen Intel® as its chip supplier for its next generation of retail Site Integration Network solutions. The chips will power the facility-level terminals which connect on-site retail devices such as IoT sensors, forecourt controllers, POS, ordering kiosks, loyalty, kitchen display units, and ATGs to Petrosoft’s Site Integration Network.“As the worldwide leader in semiconductors, Intel® was a natural choice as a supplier. They deliver the chip performance needed for real-time business intelligence no matter where the solution is deployed,” said Sergei Gorloff, CEO and President of Petrosoft.Petrosoft began developing its Site Integration Network in 2007. Originally, the solution provided a secure connection between facility-level devices such POS and ATGs systems to back-office solutions to track inventory, sales, tank fuel levels, and price book changes. As retail technology has evolved so has the Site Integration Network solution, creating the need for a powerful processor to run on its terminals.Some benefits of the next generation Site Integration Network:Enables retail operators to harness the power of the Internet of Things (IoT)Connects disparate retail devices and systemsProvides seamless integrations using standard open protocolsEnables real-time business intelligenceProvides an open platformArchitectured to connect and communicate across the enterpriseTo learn more about Petrosoft’s comprehensive portfolio of retail solutions, visit www.petrosoftinc.com.ABOUT PETROSOFTPetrosoft’s true-cloud platform and partnerships provide innovative business solutions for the retail and downstream petroleum industries. Beginning in 2002, Petrosoft transformed the convenience store industry when its founder, a retail operator and engineer, introduced C-Store Office, its cloud-based back-office software solution. Today, the company designs, develops, and markets end-to-end SME retail technology, enabling a seamless connection between manufacturers, suppliers, sites, back-office, and enterprise systems. The company continually strives to find innovative ways to enable retail operators to manage their forecourt, in-store and back-office operations. The company supports its product line from its headquarters in Pittsburgh, PA. Find out more at www.petrosoftinc.com.Media Contact:
Melanie Widmann
Petrosoft Inc.
290 Bilmar Drive
Pittsburgh, PA  15205
m.widmann@petrosoftinc.com
412-306-0640 ext. 2107
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b0ab06b8-8f38-40f5-980e-5742280ea52e

Captor Capital Announces Recreational Cannabis Sales Climb Higher in West Hollywood

I-5 Holdings’ owned, MedMen branded, LA-area dispensary enjoying record popularity

TORONTO, ONTARIO–(Marketwired – Jan. 24, 2018) – Captor Capital Corp. (“Captor” or the “Company”) (CSE:CPTR)(CSE:CPTR.CN)(CNSX:CPTR)(FRANKFURT:NMV)(OTC PINK:NWURF) today provided an update on the popularity of the two I-5 Holdings’ owned, MedMen branded dispensaries in the Los Angeles area following the legalization of recreational cannabis in California on January 1, 2018. Captor Capital Inc., I-5 Holdings Ltd.’s largest shareholder, recently announced it has signed a non-binding letter of intent to purchase the remainder of I-5 Holding’s shares.

“The success being enjoyed by the MedMen dispensaries in California provide us with a template that is easily scalable,” said John MacPhail, CEO, I-5 Holdings. “With more states, as well as Canada, primed to follow California in legalizing recreational cannabis, the growth potential for I-5 Holdings is substantial, thanks to its relationship with an established and respected brand like MedMen.”

After completion of the amalgamation, I-5 Holdings will be a wholly owned subsidiary of Captor. One of the primary and initial goals of Captor’s increased investment in I-5 is to maximize the growth potential of the two I-5 Holdings dispensaries located in the Los Angeles area operating under the MedMen brand.

“Not only will MedMen’s Los Angeles dispensaries provide us with brand awareness and a loyal following, they represent a major source of ongoing cash flow,” said John Zorbas, President, Captor Capital. “As an investment, this will prove extremely valuable as Captor seeks out further acquisitions, such as our recent investment in Millennial Esports, and continues to grow.”

The dispensaries owned by I-5 Holdings, located in Santa Ana and West Hollywood, are two of seven currently licensed to sell recreational cannabis in the Greater Los Angeles Area. Although recreational cannabis was legalized by the State of California on January 1st, the city of Los Angeles has yet to grant permits for any dispensaries within its borders. As a result, the MedMen dispensaries in West Hollywood and Santa Ana – which were previously licensed to sell medicinal marijuana – are the closest options to buy legal recreational cannabis for the approximately 4 million residents of Los Angeles.

“Our West Hollywood location has actually been in operation for more than two years, providing a wide range of medical marijuana products and expertise,” said Daniel Yi, VP of Corporate Communications, MedMen. “However, California’s legalization of the sale of recreational marijuana products has made MedMen’s dispensaries a must-visit destination for people from across the United States and beyond.”

I-5 Holdings’ West Hollywood location is proving particularly popular, while benefitting from an influx of positive press coverage, including a January 8 segment on Jimmy Kimmel Live focusing on California’s legalization of recreational cannabis hosted by popular ‘security guard’ Guillermo that was broadcast live from the MedMen branded dispensary.

“Since cannabis was legalized for recreational use on January 1st, we have had lineups of at least 150 people from open to close at our West Hollywood location,” said Adam Bierman, co-founder of MedMen. “We are seeing more awareness, more traffic, and more purchases than we ever have before, with early indications being that revenues are up significantly over the same period last year.”

About Captor Capital

Captor Capital Corp. is a Canadian investment firm listed on the Canadian Securities Exchange and the Frankfurt Stock Exchange. The company follows a strategy of acquiring profitable, established companies and organizations with growth potential that require capital to scale. Captor currently has investments in a number of companies and industries, including Millennial Esports in the technology sector, I-5 Holdings in the cannabis sector, and URU Metals in the natural resources sector.

Forward-Looking Statements

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This press release contains or refers to forward-looking information, and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to availability of investment opportunities, economic circumstances, market fluctuations and uncertainties, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, and the other risks involved in the investment industry and junior capital markets. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.

AXE® ayuda a los hombres a mantenerse frescos bajo presión con la campaña “You're Gold”

ENGLEWOOD CLIFFS, Nueva Jersey, 24 de enero de 2018 /PRNewswire-HISPANIC PR WIRE/ — Seamos sinceros, todos tenemos cosas en nuestra vida que nos hacen sudar. Una cita, un examen final de química, pruebas de atletismo, el primer show de tu banda: lo que sea, todos sentimos la presión. Esos momentos son inevitables, así que debes salir de tu zona de comodidad, atajar de frente y mantenerte fresco con el nuevo AXE Gold.

La última colección de productos de AXE está diseñada para ayudar a los hombres a mantenerse más frescos bajo presión en esos momentos cruciales. Con tres nuevas líneas –Gold, Gold Fresh y Gold Original– y una variedad de beneficios que incluyen protección contra el mal olor y la humedad por 48 horas y tecnología para prevenir las marcas blancas y las manchas amarillas en la ropa, los hombres pueden mantener su estilo fresco y su confianza.

La campaña “You’re Gold” amplía el punto de vista de AXE Find Your Magic, que derriba la idea reduccionista de que hay una única manera de ser un hombre y otros prejuicios que disminuyen la confianza de los hombres y los hacen sentir que son menos que “oro”.

Como realmente basta con ver para creer, tres comerciales nuevos – Epic TripHanging High Five and Rush Hour creados por 72andSunny– muestran algunas de esas situaciones diarias en que los hombres pueden mantenerse más frescos bajo presión con AXE Gold y sentirse seguros.

AXE también presenta su gold squad: un grupo de músicos, atletas, gamers y creativos muy apreciados que verán si pueden mantenerse cool bajo presión. El squad tiene entre sus miembros tipos talentosos, como el rapero Lil Yachty, el basquetbolista profesional y entretenedor Brandon Armstrong, el youtuber Markiplier y el cantante Danny Ocean.

Con la ayuda de otros creativos que convocarán a sus fans, el squad y AXE les demostrarán a los hombres que podrán vivir cualquier situación con confianza porque tendrán las herramientas para mantenerse frescos.

“Mi música trata sobre mantenerse positivo y ser uno mismo”, comenta el rapero Lil Yachty. “Todos somos de oro, pero nos cuesta recordarlo cada vez que estamos bajo presión. Este proyecto con AXE se trata de mantenerse fresco cuando hay mucha presión. Olvídate de los que te ningunean y siéntete orgulloso”.

Los fans por todo el país también tendrán la oportunidad de probar AXE Gold en el AXE Gold Mobile, el primer automóvil de muestra de la marca, que regalará (sí, GRATIS) productos de AXE en escuelas secundarias y eventos culturales en todo el país.

Para conocer más acerca de AXE Gold, visita www.axe.com. Síguenos en @AXE en Instagram, Facebook, Twitter y YouTube, y comparte tus momentos #YoureGold con nosotros.

CONTACTO CON LA PRENSA 
Matt Kochis
Matt.Kochis@edelman.com 
(212) 704-4506

Acerca de AXE®
AXE, la marca número 1 de fragancias para hombres en el mundo*, celebra la individualidad y la autoexpresión invitando a los hombres a abrazar su estilo personal. Con una línea completa de productos de aseo personal que incluyen fragancias de uso diario en aerosol, desodorantes, antitranspirantes,  jabones líquidos, shampoos y productos para el cabello, AXE les da a los hombres las herramientas para expresar lo que los hace únicos, auténticos y en definitiva, atractivos para el mundo que los rodea. Visita AXE en AXE.com y síguenos en =”https://twitter.com/@Axe” rel=”nofollow” target=”_blank”>Twitter, InstagramTumblrFacebook para tener acceso a contenidos exclusivos, promociones especiales y más.

*Fuente: Euromonitor International Limited; Belleza y Cuidado Personal 2015ed, ventas por valor minorista combinadas de Desodorantes Masculinos y Fragancias de Consumo Masivo y Premium, según clasificación en marcas paraguas, 2014; Lynx incluye todas las ventas de AXE/Lynx/Ego

Acerca de Unilever United States, Inc.
Unilever es uno de los proveedores líderes del mundo de productos alimenticios, productos para el hogar, cuidado personal y refrigerios, con ventas en más de 190 países y llegada a 2500 millones de consumidores por día. En los Estados Unidos, el portfolio incluye marcas icónicas como Axe, Ben & Jerry’s, Breyers, Caress, Clear Scalp & Hair Therapy, Country Crock, Degree, Dollar Shave Club, Dove, Good Humor, Hellmann’s, I Can’t Believe It’s Not Butter!, Klondike, Knorr, Lever 2000, Lipton, Magnum, Nexxus, Noxzema, Pond’s, Popsicle, Promise, Q-tips, Seventh Generation, Simple, St. Ives, Suave, Sir Kensington’s, Talenti Gelato & Sorbetto, TAZO, TIGI, TONI&GUY, TRESemmé y Vaseline. Todos los nombres de marcas mencionados son marcas comerciales o marcas comerciales registradas de Unilever Group of Companies.

Unilever emplea a aproximadamente 8000 personas en los Estados Unidos, y en 2016 generó más de 9 mil millones de dólares en ventas.

El Plan de Vida Sustentable Unilever (USLP) se compromete a:

El USLP crea valor al impulsar el crecimiento, generar confianza, eliminar costos y reducir riesgos. Las marcas de vida sustentable de la compañía están creciendo un 50% más rápido que el resto del negocio y generaron más del 60% del crecimiento de la compañía en 2016.

Unilever se posicionó en el número uno de su sector en el Índice de Sostenibilidad Dow Jones 2017. En el FTSE4Good Index, logró la calificación ambiental más alta con 5 puntos. La compañía encabezó la lista de Líderes Globales en Sustentabilidad Corporativa en la encuesta anual 2017 realizada por GlobeScan/SustainAbility por séptimo año consecutivo. Unilever se ha comprometido a que todas sus operaciones sean carbono positivas para el año 2030.

Para más información sobre Unilever U.S. y sus marcas, visita: www.unileverusa.com

Video – https://www.youtube.com/watch?v=LWNM7eidviI 
Video – https://www.youtube.com/watch?v=kAi3dr-jdX0 
Video – https://www.youtube.com/watch?v=7IymKiobgtc 
Logo – https://mma.prnewswire.com/media/632650/AXE_Logo.jpg

FUENTE Unilever United States, Inc.

SOURCE Unilever United States, Inc.

HSA Bank appoints Ann Brisk to Strategy Development Officer

MILWAUKEE, Jan. 24, 2018 /PRNewswire/ — HSA Bank, a division of Webster Bank, N.A., announced today the appointment of Ann Brisk as vice president, strategy development officer. Brisk will be responsible for cultivating HSA Bank’s strategic ideas, and vetting its business development and product needs to identify and prioritize new opportunities. She will report to Kevin Robertson, HSA Bank’s senior vice president, chief revenue officer.

With extensive business development and transactional experience, Brisk has been a principal architect of multiple growth initiatives for healthcare companies and financial institutions during her career that spans more than 20 years.

“As HSA Bank continues to expand our suite of solutions in 2018, Ann will be instrumental in assessing opportunities to communicate our value while leveraging the strengths of our core business,” said Robertson. “She brings expertise in developing and executing new and innovative healthcare solutions, as well as a long and successful history of sourcing, evaluating, and completing strategic alliances.”

Most recently, she worked as director of business development with the Council for Affordable Quality Healthcare (CAQH), a non-profit alliance of health plans and trade associations that focuses on transforming business processes in healthcare.

Prior to this, Brisk developed strategic partnerships and drove health plan sales as director of business development for Tango Health, Inc. She also served as vice president, healthcare transaction services, at OptumHealth Financial, where she generated growth through her management of the product team, and related strategy for core transaction and banking services.  Brisk earned a bachelor’s degree in marketing from the University of Colorado Boulder.

For more information about HSA Bank, visit www.hsabank.com.

About HSA Bank:
HSA Bank is a trusted leader in consumer-directed healthcare (CDH), focusing on Health Savings Accounts (HSAs) for over two decades and serving as both the bank and administrator. Discover how we can support your benefits strategy with our comprehensive account-based health benefit solutions that include HSAs, Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and Commuter Benefits. With a reputation for outstanding service and thought leadership in the CDH space, we offer one platform and one portal for all of our members. HSA Bank inspires over 2 million members and more than 35,000 employer groups to own their health by making it easy to access, understand, and afford healthcare. HSA Bank has $6 billion in assets under management with nearly $5 billion in HSA deposits and over $1 billion in investment assets, and is a division of Webster Bank, N.A., Member FDIC.

Media Contact:
Alice Ferreira
(203) 578-2610
acferreira@websterbank.com

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SOURCE HSA Bank

Related Links

http://www.hsabank.com

RXi Pharmaceuticals Regains Compliance with NASDAQ Listing Requirements

MARLBOROUGH, Mass., Jan. 24, 2018 /PRNewswire/ — RXi Pharmaceuticals Corporation (NASDAQ: RXII), a biotechnology company developing RNAi-based immunotherapies to treat cancer, today announced that it received a notice from the NASDAQ Stock Market that the closing bid price of the Company’s common stock has been at $1.00 per share or greater for ten consecutive days.  Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and this matter is now closed.

As previously reported, the Company received notification from NASDAQ stating that it was not in compliance with the NASDAQ Stock Market’s minimum bid price requirements because the bid price of the Company’s common stock had closed below the minimum $1.00 per share for 30 consecutive business days.  Per NASDAQ listing rules, the Company was afforded 180 calendar days, or until August 1, 2017, to regain compliance with NASDAQ listing rules.  Unable to regain compliance by that time, NASDAQ granted the Company an additional 180 calendar days, or until January 29, 2018, to regain compliance with the bid price requirement. 

About RXi Pharmaceuticals

RXi Pharmaceuticals Corporation (NASDAQ: RXII) is a biotechnology company developing RNAi-based immunotherapies to treat cancer. Building on the pioneering discovery of RNAi, scientists at RXi have harnessed the naturally occurring RNAi process which can be used to “silence” or down-regulate the expression of a specific gene that may be overexpressed in a disease condition.  RXi developed a robust RNAi therapeutic platform, including self-delivering RNA (sd-rxRNA®) compounds, that have the ability to highly selectively block the expression of any target in the genome, thus providing applicability to many therapeutic areas. Our development programs include cell-based immunotherapies to treat cancer with a near-term focus on using adoptive cell therapy (ACT).  RXi’s extensive patent portfolio provides for multiple product and business development opportunities across a broad spectrum of therapeutic areas, and we actively pursue research collaborations, partnering and out-licensing opportunities with academia and pharmaceutical companies. For additional information, visit the Company’s website, www.rxipharma.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about: our ability to successfully develop RXI-109, Samcyprone™, RXI-762, RXI-804 and our other product candidates (collectively “our product candidates”); the future success of our clinical trials with our product candidates; the timing for the commencement and completion of clinical trials; our ability to enter into strategic partnerships and the future success of these strategic partnerships; and our ability to deploy our sd-rxRNA® technology through partnerships, as well as the prospects of these partnerships to provide positive returns. Forward-looking statements about expectations and development plans of RXi’s product candidates and partnerships involve significant risks and uncertainties, including the following: risks that we may not be able to successfully develop and commercialize our product candidates; risks that product development and clinical studies may be delayed, not proceed as planned and/or be subject to significant cost over-runs; risks related to the development and commercialization of products by competitors; risks related to our ability to control the timing and terms of collaborations with third parties; and risks that other companies or organizations may assert patent rights preventing us from developing or commercializing our product candidates. Additional risks are detailed in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q under the caption “Risk Factors.”  Readers are urged to review these risk factors and to not act in reliance on any forward-looking statements, as actual results may differ from those contemplated by our forward-looking statements. RXi does not undertake to update forward-looking statements to reflect a change in its views, events or circumstances that occur after the date of this release.

Contact
RXi Pharmaceuticals Corporation
Tamara McGrillen
508-929-3646

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SOURCE RXi Pharmaceuticals Corporation

Related Links

http://www.rxipharma.com

City National Bank Hires Experienced Commercial Banking Team in Boston

BOSTON, Jan. 24, 2018 (GLOBE NEWSWIRE) — City National Bank, America’s Premier Private and Business Bank®, announced today that it has hired a commercial banking team to serve the financial needs of midsized businesses and entrepreneurs in the Boston and New England region. The team delivers City National’s full complement of credit products, treasury management and investment services to businesses in the area.The new commercial banking team enhances City National’s capabilities in Boston and amplifies the bank’s growth on the East Coast. Last year, the bank added a team of experienced commercial bankers in New York, adding to the existing and successful entertainment and private banking groups. In 2015, City National merged with Royal Bank of Canada, one of North America’s leading diversified financial services companies.“Our expansion in Boston reflects the strong demand for high-quality service and sophisticated financing in the region,” said Zach Mayo, eastern regional manager of commercial banking. “I’m confident our new team will provide exceptional financial solutions to the entrepreneurs and businesses in this exciting and dynamic market.”City National has hired experienced banker and New England market leader Nate Pusey to lead and grow the new team as a senior vice president and commercial banking team lead. He previously served as a managing director and market leader for Commerce Bank & Trust in Boston. Pusey has more than 30 years of financial services experience working with midsized businesses in the New England region. Pusey and his team will work out of the loan production office that City National opened in Boston in 2013 with bankers to serve the tech industry there.Mr. Pusey earned his bachelor’s degree from Boston University’s Questrom School of Business.  He is a board member of the Boch Center for Performing Arts, the Greater Boston Chamber of Commerce and the Boston Police Athletic League.To see an image of Pusey, please go to: http://www.cnb.com/PublishingImages/Nate-Pusey.jpg.About City NationalWith $48.7 billion in assets, City National Bank provides banking, investment and trust services through 73 offices, including 18 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, Atlanta and Minneapolis. In addition, the company and its investment affiliates manage or administer $62.2 billion in client investment assets.City National is a subsidiary of Royal Bank of Canada (RBC), one of North America’s leading diversified financial services companies. RBC serves more than 16 million personal, business, public sector and institutional clients through offices in Canada, the United States and 35 other countries.For more information about City National, visit the company’s website at cnb.com.Media Contact:
Debora Vrana, City National Bank, 213.673.7631
Debora.Vrana@cnb.com

A Quantcast continua seu crescimento internacional expandindo em novos mercados da região Ásia-Pacífico

SYDNEY, 24 de janeiro de 2018 /PRNewswire/ — A Quantcast, uma companhia de tecnologia de IA, concentrada nos setores de marketing e editorial, anunciou hoje que irá expandir suas soluções de publicidade em sete mercados por toda a Ásia, conectando marcas com o público on-line de até 300 milhões de consumidores. A companhia já opera na Austrália e na Nova Zelândia.

Os comerciantes de Hong Kong, Indonésia, Malásia, Filipinas, Cingapura, Taiwan e Tailândia agora poderão acessar as opiniões sobre dados ao vivo da Quantcast, retiradas de mais de 100 milhões de destinos on-line para promover campanhas mais eficazes de reconhecimento e de desempenho da marca.

Andrew Double, Diretor Gerente da Quantcast para a Austrália e Nova Zelândia, assumirá uma função ampliada para liderar o crescimento da companhia na Região Ásia-Pacífico.

Konrad Feldman, Executivo-Chefe e Fundador da Quantcast, comentou, “O marketing está em um ponto decisivo com a IA pronta para transformar cada experiência do cliente, de cada companhia e de cada setor. Os comerciantes da Região Ásia-Pacífico estão buscando melhores maneiras de atrair o público digital que sejam tanto eficientes quanto eficazes. Estamos empolgados por ajudar as marcas e suas agências parceiras a estimularem a força da Q, nossa plataforma de comportamento do público”.

Andrew Double, Diretor Gerente da Quantcast para a Austrália e Nova Zelândia, acrescentou, “Desde que começamos a operar na Austrália e na Nova Zelândia há três anos, observamos uma crescente demanda das marcas de toda a Ásia para crescerem acessando o recurso de direcionamento exclusivo, impulsionado por IA da Quantcast. Tenho orgulho do trabalho que a equipe realizou até o presente com grandes marcas como a Westpac e a Singapore Airlines, estou ansioso para levar nosso forte entendimento do público para mais marcas na medida em que elas buscam conquistar consumidores na região”.

A equipe expandida se unirá ao centro de engenharia já existente da Quantcast em Cingapura e será liderada pelo Diretor de Vendas para os Mercados Asiáticos, Chris Scudder, e fará contratações adicionais em 2018.

Sobre a Quantcast
A Quantcast é uma companhia de tecnologia de IA concentrada em ajudar as marcas a crescerem. Fundada em 2006, a companhia construiu a maior plataforma de comportamento do consumidor, impulsionada por IA, de todo o mundo na Internet aberta, baseada em opiniões ao vivo, retiradas de mais de 100 milhões de destinos on-line. Comerciantes, agências, consultorias e editoras usam a Nuvem de Inteligência da Quantcast (Quantcast Intelligence Cloud) para descobrir novos clientes, impulsionar o crescimento gradativo e obter resultados nos negócios. Sediada em San Francisco, a Quantcast emprega mais de 750 funcionários em 22 escritórios em 11 países.

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FONTE Quantcast

SOURCE Quantcast