Technology

Visionary on the Move

Published

7 months ago

June 14, 2024

TORONTO, June 14, 2024 /PRNewswire/ — Visionary Holdings Inc. (the “Company”) (NASDAQ: GV), a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China, today announced the Company’s CEO Mr. Zhong Chen‘ letter to the public.

Due to the impact of the post-pandemic period and the increase in bank interest rates, the global economy has become more sluggish, presenting the Company with unprecedented challenges. Additionally, the pressure on the Company’s operations and development has multiplied. In pursuit of greater development, the Company has kept pace with the times by promptly adjusting its strategy and actively recruiting outstanding talent. It has successfully transitioned into the artificial intelligence and high-tech industries, forming a new leadership team with Mr. Zhong Chen as the CEO. Under the leadership of the new team, the Company has achieved remarkable results in a short period. Not only has it successfully regains compliance with Nasdaq minimum bid price requirement, but it has also significantly tapped into and developed internal resources. The Company is upgrading and renovating its four properties located at #95-105 105 Moatfield Dr, Toronto, Ontario, Canada, M3B 0A2 and #200-260 Town Centre, Markham, ON L3R 8H8. By taking full advantage of favorable current Canadian policies, specifically the surplus of commercial real estate and the shortage of mixed-use and high-end apartments, the company plans to submit renovation proposals to the government to convert #200-260 Town Centre, Markham, ON L3R 8H8 and #95-105 Moatfield Dr, Toronto, Ontario, Canada, M3B 0A2 into mixed-use and high-end residential apartments. This is expected to increase their value by over 700%, generating more than US$2.1 billion in revenue and US$500 million in profit over the next five years.

The new leadership team is committed to innovation and change, actively responding to market changes, and always prioritizing the interests of shareholders and the Company. To better develop the property at #95-105 Moatfield Dr, Toronto, Ontario, Canada, M3B 0A2 the Company plans to file F3 to rapidly drive the growth of the new business, thereby creating greater value for shareholders and society. As the CEO of the Company, I am fully aware of the significant responsibilities I bear.

In the future, we will continue to uphold the corporate spirit of “vision and foresight,” continuously enhancing our technological innovation capabilities and expanding our market presence. We will also place greater emphasis on corporate social responsibility. We believe that only by simultaneously achieving company value growth and actively giving back to society can we truly realize sustainable development.

About Visionary Holdings Inc.

Visionary Holdings Inc. headquartered in Toronto, Canada, is a private education provider located in Canada, with subsidiaries in Canada and market partners in China, that offers high-quality education resources to students around the globe. The Company aims to provide access to secondary, college, undergraduate and graduate and vocational education to students in Canada through technological innovation so that more people can learn, grow and succeed to their full potential. As a fully integrated provider of educational programs and services in Canada, the Company has been serving and will continue to serve both Canadian and international students. For more information, visit the Company’s website at https://ir.visiongroupca.com/.

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “believes,” “expects,” “anticipates,” “estimates,” “intends,” “would,” “continue,” “should,” “may,” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

For more information, please contact:

Visionary Holdings Inc.
Investor Relations Department
Email: ir@farvision.ca

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SOURCE Visionary Holdings Inc.

Technology

Global Cloud Industry Outlook worth $1,256.8 billion by 2025- Exclusive Report by MarketsandMarkets™

Published

52 minutes ago

January 15, 2025

DELRAY BEACH, Fla., Jan. 15, 2025 /PRNewswire/ — According to a research report “Global Cloud Industry Outlook 2025: A Preview of the Future of Cloud Innovation” published by MarketsandMarkets, the global cloud industry will grow from USD 1,091.4 billion in 2024 to USD 1,256.8 billion by 2025 at a YoY increase of 15.1%.

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Cloud Service Providers’ (CSPs’) focus on multi-cloud and hybrid strategies primarily drives the cloud industry in 2025. Looking ahead, the cloud landscape is set for a transformative shift, characterized by the widespread adoption of generative AI, increased competition, and heightened demand for industry-specific solutions.

Cloud developments in 2024 and upcoming predictions in 2025

The cloud market is set for continued growth, driven by increasing adoption in emerging economies and expanding cloud implementations by BFSI firms through both organic and inorganic initiatives. More organizations are turning to multi-cloud and hybrid strategies to boost flexibility and resilience. Meanwhile, the integration of Generative AI with cloud platforms is driving new innovations in services and applications, as competition among Cloud Service Providers (CSPs) heats up, resulting in more specialized and competitive offerings. As cybersecurity risks in the cloud grow, security and compliance will become top priorities. The demand for industry-specific cloud solutions will rise, with retail expected to see the highest growth in the coming years. This growth is reflected in the IT services spending, projected to rise from $1.59 trillion in 2024 to $1.74 trillion in 2025, highlighting the increasing demand for cloud-based solutions across industries. Cloud-native technologies like containers will play a critical role, and managing complex hybrid infrastructures remains a key challenge for CSPs striving for seamless operations.

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Top Key Companies in Global Cloud Industry Outlook:

AWS, Microsoft, Google, Salesforce, and IBM are the major players in cloud industry, with a 35.1% combined market share in 2023. Other prominent market players are Oracle, SAP, Alibaba Cloud, Adobe and Tencent Cloud. In 2024, key CSPs strive to maintain their cloud leadership positions with new product launches and product enhancements, Gen AI advancements, and strategic deals, partnerships and collaborations. In 2025, cloud providers will continue investments in advanced security and sovereign cloud, hike cloud service prices, launch cloud regions in unexplored countries, and focus on industry-specific cloud offerings.

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North America leads the Cloud Industry, and Asia Pacific experiences the highest YoY growth.

North America dominates the cloud market, as most major CSPs are headquartered in the United States; they are driving the continued adoption of cloud AI, analytics, and digitalization across sectors ranging from healthcare and finance to retail. Europe remains stable in its growth due to market demand for compliance, security, and regulatory solutions that the cloud provides, as well as governmental digital initiatives. Asia Pacific sees the highest year-over-year growth, driven by rapid digitalization, cloud migration in emerging markets, and robust government support. The Middle East and Africa are experiencing significant growth, particularly in the energy and government sectors. Latin America is expanding due to rising demand for cloud services in e-commerce, education, and digital services.

Browse Adjacent Markets: Cloud Computing Market Research Reports & Consulting

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Technology

Purina Awards $125,000 to Five U.S.-Based Pet Startups through 2025 Pet Care Innovation Prize

Published

52 minutes ago

January 15, 2025

Winning startups across the pet industry – from veterinary care to treats and e-commerce – will compete for an additional $25,000 Grand Prize in March

ST. LOUIS, Jan. 15, 2025 /PRNewswire/ — Today, five pet care startups from across the country have been named finalists in the ninth annual Pet Care Innovation Prize powered by Purina. Each finalist – which represent startups across the entire pet care spectrum – will receive $25,000 and mentorship support from Purina, a global leader in pet care, as the startups work to scale their businesses in the growing $324.19 billion* global pet care industry.

The 2025 Pet Care Innovation Prize Winners were selected from nearly 150 applicants from around the world. This year’s winners are:

VEA: Based in Alexandria, Va., VEA is an AI-driven platform designed to predict disease, generate diagnostic plans and support nutrition for longevity. VEA also aims to solve workflow and documentation challenges for clinical staff, reducing the number of clicks it takes to complete exams and enabling veterinary teams to focus more on patient care.Maven: New York-based Maven is the first vet-recommended health sensor capable of continuously monitoring pets’ well-being and identifying early, clinically relevant changes. With these insights, pet owners and clinic teams can diagnose issues sooner and treat more effectively, helping pets live healthier, happier lives.Ten Lives: San Francisco-based Ten Lives produces the cleanest animal proteins for cats. Using microbes to convert sugar to protein, Ten Lives develops the same proteins naturally found in prey such as rabbit, fish and lamb, made without animals in human-grade precision fermentation facilities.ShopDot Pet: Based in Missoula, Mont., ShopDot Pet is a platform that allows neighborhood pet care providers such as groomers, trainers and vets to generate additional revenue by easily selling pet essentials without the heavy costs of inventory or shipping. ShopDot Pet enables pet service businesses and great pet brands to collaborate and sell more together.Yak9 Chews: Based in Austin, Tex., Yak9 Chews is an award-winning premium pet brand dedicated to crafting all-natural, long-lasting cheese chews for dogs, made from simple, real and ethically sourced ingredients.

In addition to the $25,000 in non-dilutive prize money, each of the five startup winners also receives mentorship from the Pet Care Innovation team at Purina and Active Capital, as well as the opportunity to participate in an accelerator boot camp at Purina’s headquarters in St. Louis, MO, which features sessions with Purina’s top pet experts and influential voices across the pet care industry.

“At Purina, our commitment to enriching the lives of pets and their people is strengthened through collaboration with innovative startups, such as the incredible cohort of this year’s Pet Care Innovation Prize finalists,” said Patrick Mullen, co-lead of Purina’s 9 Square Ventures group and vice president of strategic planning at Purina. “These passionate pet care entrepreneurs are tackling challenges in a variety of areas that all have the opportunity to help pets and those who are passionate about them thrive. We are excited to partner with these companies to foster their growth and success in the continuously growing and competitive pet care landscape.”

The five finalists will compete for an additional $25,000 grand prize this March at a pitch competition at Global Pet Expo, an annual trade show presented by the American Pet Products Association and the Pet Industry Distributors Association, where each startup will present to Purina executives, industry influencers and investors.

Purina, through its 9 Square Ventures corporate venturing group, partnered with investing leaders at Active Capital to create the Pet Care Innovation Prize in 2016. The effort provides financial support and mentorship opportunities for early-stage companies that are defining the future of pet care through novel products or services that provide meaningful solutions in the areas of pet health and wellness, services, technology, food, treats and litter.

9 Square Ventures leverages Purina’s knowledge, experience, and financial resources to help emerging pet care startups scale their businesses and make a positive impact on the lives of as many pets and their owners as possible. The group has been steadily investing millions of dollars in a diverse set of early-stage pet care startups since it was founded in 2014.

For more information about the Pet Care Innovation Prize powered by Purina, visit https://petcareinnovation.net.

*From Precedence Research

About Purina
Nestlé Purina PetCare creates richer lives for pets and the people who love them. Founded in 1894, Purina has helped dogs and cats live longer, healthier lives by offering scientifically based nutritional innovations.

Purina manufactures some of the world’s most trusted and popular pet care products, including Purina ONE, Pro Plan, Friskies and Tidy Cats. Our more than 11,000 U.S. associates take pride in our trusted pet food, treat and litter brands that feed 46 million dogs and 68 million cats every year. Nearly 500 Purina scientists, veterinarians, and pet care experts ensure our commitment to unsurpassed quality and nutrition.

Over the past five years, Purina has contributed more than $150 million towards organizations that bring, and keep, people and pets together, as well as those that help our communities and environment thrive. Purina is part of Nestlé, a global leader in Nutrition, Health and Wellness. For more information, visit purina.com or subscribe here to get the latest Purina news.

About Active Capital:
Active Capital is a St. Louis-based impact investing leader, helping startups and investors come together to grow innovative products and initiatives. Active Capital manages the Pet Care Innovation Prize.

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SOURCE Nestle Purina PetCare

Technology

East Baton Rouge Parish Becomes INdigital’s First NGCS Customer in Louisiana

Published

52 minutes ago

January 15, 2025

BATON ROUGE, La. and FORT WAYNE, Ind., Jan. 15, 2025 /PRNewswire/ — INdigital, a leading provider of advanced 911 solutions, is proud to announce that East Baton Rouge Parish has become the company’s first Next-Generation Core Services (NGCS) customer in Louisiana. This milestone underscores INdigital’s commitment to delivering innovative and reliable emergency communication solutions across the state.

East Baton Rouge Parish Communications District’s decision to select INdigital as their NGCS provider was driven by INdigital’s proven track record of delivering reliable and innovative communication solutions. “INdigital stood out with its advanced technology and infrastructure, which align with our vision for a modernized 911 communication system that can efficiently handle our community’s increasing demands,” said Jim Verlander East Baton Rouge Parish Communication District Director.

Next-Generation Core Services transform traditional 911 systems by enabling advanced features such as multimedia communication, enhanced location accuracy, and seamless interoperability. These innovations are designed to better serve residents and first responders during critical situations.

“This partnership with East Baton Rouge Parish reinforces our commitment to helping public safety answering points (PSAPs) stay at the forefront of 911 technology,” said Eric Hartman, Executive Vice President at INdigital. “By embracing NGCS, East Baton Rouge is ensuring their community benefits from faster, more accurate, and more resilient emergency communications.”

Looking ahead, the NGCS project is expected to shape the future of emergency communications across Louisiana. “We envision a seamless network that enhances real-time information sharing, swiftly and efficiently enabling access to critical data across jurisdictional lines. This will not only improve response times during emergencies but also facilitate better coordination among first responder agencies,” said Verlander. “As we move forward, the innovative technologies of Next Generation Core Services will undoubtedly shape a safer and more connected future for all Louisianans.”

INdigital’s expansion into Louisiana’s NGCS market marks a significant growth milestone. With existing partnerships in the state, this latest collaboration showcases INdigital’s ability to adapt its state-of-the-art solutions to meet local needs while maintaining a national standard of excellence.

For more information about INdigital and its services, visit indigital.net.

About INdigital
INdigital is a leading provider of 911 solutions, dedicated to improving public safety through innovative technology. With a focus on delivering reliable, scalable, and advanced communication systems, INdigital supports emergency service agencies across the country in their mission to save lives.

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SOURCE INdigital