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LITE ACCESS ANNOUNCES EXTENSION OF EXCLUSIVITY PERIOD WITH IRONMAN DIRECTIONAL DRILLING LTD. AND INTENDS TO EXTEND WARRANT TERM

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8 months ago

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VANCOUVER, BC, Feb. 29, 2024 /CNW/ – Lite Access Technologies Inc. (“Lite Access” or the “Company”) (TSXV: LTE) (OTC: LTCCF), a global leader in fibre optic products and advanced installation methodologies, is pleased to announce the extension of the exclusivity period with Ironman until June 30, 2024. This extension pertains to Lite Access’s proposed acquisition of Ironman and its wholly-owned subsidiary, Ironman Direction Drilling Ltd., a renowned provider of directional drilling services, as initially disclosed in a news release on May 5, 2023.

The completion of this Transaction remains subject to several key conditions, including the execution of a definitive agreement between Lite Access and Ironman, completion of due diligence by both parties, approval by shareholders, final approval from the TSX Venture Exchange, and other customary conditions. Lite Access intends to issue a subsequent news release upon the execution of a definitive share purchase agreement with Ironman.

Both Ironman and Lite Access wish to assure the market that efforts to conclude the merger are actively ongoing and are progressing well. During the trading halt period, both companies have been operating as usual while successfully securing and delivering on projects, demonstrating their commitment to maintaining operational momentum. Collaboration between the two companies is also underway, facilitating a smooth integration upon the deal’s closure. These efforts are also showing positive effects on the combined financials, underscoring the strategic rationale behind the decision to merge the two entities.

Extension of Warrant Term

The Company will be applying for approval from the Exchange to extend the expiry date (the “Expiry Date”) of 8,355,000 share purchase warrants (the “Warrants”) exercisable at $0.15, issued to subscribers under the Company’s private placement that closed on March 25, 2022. The Company intends to extend the Expiry Date from March 25, 2024 to March 25, 2025.

About Lite Access

Recognized as an industry leader possessing years of experience in the telecommunications space, Lite Access offers total integrated solutions for all types of telecom requirements. Beginning with a comprehensive project analysis to engineering, design and permitting, Lite Access proudly offers a full complement of aerial and underground construction methodologies including splicing, testing and maintenance.

Our innovative approach, flexible products and installation solutions are combined with decades of experience and unparalleled passion. ‘The Lite Access Way’ methodology of construction for both trunk and fibre-to-the-premises (FTTx) connectivity has become a recommended and preferred method of fibre installation, globally.

Lite Access’ installation technology and proprietary products extend a network provider’s ability to deliver true broadband connectivity directly to end-users, such as homes, businesses, government and educational institutions, and emergency response facilities. Lite Access remains flexible and innovative in its commitment to providing global clients and partners with the most cost-effective and proven fibre connectivity solutions available.

www.liteaccess.com 

Forward Looking Information

This news release contains statements that, to the extent they are not recitations of historical fact, may constitute “forward-looking statements” within the meaning of applicable Canadian securities laws. Lite Access uses words such as “may”, “would”, “could”, “will”, “likely”, “expect”, “believe”, “intend” and similar expressions to identify forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the completion of the Transaction, the structure, terms and conditions of the Transaction and the execution of the definitive agreement. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company and Ironman will be able to negotiate the Definitive Agreement on the terms and within the time frame expected; that the Company will be able to obtain shareholder approval for the Transaction; that the Company will be able to obtain any necessary third party and regulatory approvals required for the Transaction; and, if completed, that the Transaction will provide the expected benefits to the Company, Ironman and the shareholders of both companies.  Many factors could cause Lite Access’ actual results to differ materially from those expressed or implied by the forward-looking statements contained in this news release. Such factors include, among other things: adverse market conditions, general economic, market or business risks, unanticipated costs, the failure of Ironman and the Company to negotiate the Definitive Agreement on the terms and conditions and within the timeframe expected, the failure of the Company to obtain shareholder approval for the Transaction, the Company’s failure to obtain any necessary regulatory approvals for the Transaction, and the risks and uncertainties described in Lite Access’s most recent Management Discussion & Analysis (MD&A) for the financial year ended September 30, 2022, which can be accessed at www.sedar.com. The “forward-looking statements” contained herein speak only as of the date of this press release and, unless required by applicable law, Lite Access undertakes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise.

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 release.

SOURCE Lite Access Technologies Inc

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Stop Overpaying for Commercial Energy! Here’s How Your Business Can Cut Costs Today

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3 hours ago

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November 9, 2024

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Bid On Energy Helps Businesses Secure Lower Commercial Energy Rates and Control Operating Costs

LEWES, Del., Nov. 9, 2024 /PRNewswire-PRWeb/ — As commercial energy rates continue to rise, businesses are feeling the pressure on their operating costs. Many companies are unknowingly overpaying for energy, despite better options available in deregulated markets. Bid On Energy, a leading commercial energy consultant platform, is here to change that. By using a unique auction-based approach, Bid On Energy enables businesses to access the best commercial electricity and commercial natural gas rates, helping them save money and stay competitive.

“Our mission is to simplify energy procurement so businesses can secure the best possible rates without spending hours negotiating or comparing options. With Bid On Energy, they can save on their bottom line with a few simple steps.” said Alan, CEO at Bid On Energy.

Why Businesses are Overpaying – And How Bid On Energy Can Help

In today’s volatile energy market, commercial rates can vary significantly depending on the supplier and contract terms. For businesses relying on traditional energy providers, these variations often mean higher costs and inflexible contracts. Bid On Energy offers a straightforward solution, using a transparent bidding platform that gives businesses access to competitive rates from a range of suppliers. This process drives suppliers to offer their best prices, allowing companies to lock in affordable energy rates tailored to their needs.

“Many business owners don’t realize they have a choice when it comes to their energy supplier,” said Alan, CEO at Bid On Energy. “Our mission is to simplify energy procurement so businesses can secure the best possible rates without spending hours negotiating or comparing options. With Bid On Energy, they can save on their bottom line with a few simple steps.”

How It Works: Competitive Bidding for Energy Savings – The Bid On Energy platform guides businesses through a simple four-step process:

Step 1. Energy Needs Assessment: Businesses share their energy needs and usage patterns with Bid On Energy’s team, helping to identify the most cost-effective supplier options.

Step 2. Supplier Bidding: Bid On Energy hosts a reverse auction, allowing energy suppliers to compete by submitting their best rates and contract terms.

Step 3. Transparent Comparison: Businesses can easily compare rates, contract lengths, and other terms from multiple suppliers in real-time.

Step 4. Seamless Transition: After selecting a supplier, Bid On Energy assists with contract finalization and transition, ensuring a smooth experience and ongoing support.

This approach not only provides cost savings but also makes the energy procurement process easier and more efficient for businesses of all sizes.

A Real Solution for Managing Energy Expenses – In an era where energy costs are rising and businesses are looking for every possible advantage to manage expenses, Bid On Energy provides a crucial service. By offering expert guidance, risk management, and flexible contract options, Bid On Energy gives businesses control over their energy expenses, making it easier to predict and plan for the future.

Stop overpaying for commercial energy today! Businesses ready to reduce their energy costs and take advantage of competitive bidding can learn more by visiting Bid On Energy’s website and scheduling a free consultation. With Bid On Energy, the savings start with a single step. Visit https://BidOnEnergy.org or contact their team at (302) 360-8110 to see how much your business could save.

About Bid On Energy

Bid On Energy is a commercial energy consultant that connects businesses with competitive rates for electricity and natural gas. Using an auction-based platform, Bid On Energy empowers businesses to secure the best rates, optimize energy expenses, and streamline procurement. Serving industries such as manufacturing, healthcare, retail, and real estate, Bid On Energy is committed to helping businesses thrive in today’s deregulated energy markets.

Contact:

Bid On Energy

Phone: (302) 360-8110

Website: https://BidOnEnergy.org

Media Contact

Alan, Bid On Energy – Commercial Electricity, 1 3023608110, admin@bidonenergy.org, https://bidonenergy.org/

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SOURCE Bid On Energy – Commercial Electricity

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CloudOne Digital Appoints Packet Cofounder and Former Equinix Executive Zach Smith to Board of Directors to Drive Growth in Bare Metal and Hybrid-Cloud Solutions

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5 hours ago

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November 9, 2024

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ATLANTA, Nov. 9, 2024 /PRNewswire/ — CloudOne Digital, a leader in cloud-based infrastructure solutions, proudly announces the appointment of Zachary Smith to its Board of Directors. With a storied career including impactful roles at Packet and Equinix, Smith brings extensive expertise in building and scaling cloud infrastructure, especially in high-performance bare metal platforms. Smith joins CloudOne Digital to advance the company’s suite of solutions, catering to mid-sized businesses across tech, ecommerce, healthcare, gaming, and professional services.

The demand for cloud and bare metal solutions continues to surge, valued at USD 8.44 billion in 2023 and is projected to grow at a CAGR of 23.9% from 2024 to 2030 (Grand View Research). This growth will be fueled by the rapidly increasing need for high performance compute, further adoption of cloud hosting, and the growing demand for artificial intelligence (AI) and machine learning (ML) capable infrastructure. Carlo Padovano, Managing Director at One Equity Partners, says “We couldn’t be more excited to welcome Zachary to our team. He’s an invaluable leader to help us capitalize on the growth opportunities within bare metal and cloud hosting.”

For over 20 years, Smith has been a leader in the digital infrastructure and cloud computing ecosystem. Smith started his career as an early partner at New York-based Voxel dot Net, a Linux-based cloud and software platform sold to Internap in 2011. In 2014, he co-founded Packet to empower technology-enabled enterprises with automated bare metal compute capabilities. Backed by SoftBank, Dell Technologies, Third Point, and Battery Ventures, the business became the leader in bare metal compute automation and was acquired by Equinix in March 2020. Smith led the strategy, product, and integration efforts for Equinix’s bare metal compute and edge services platform until he left the company in early 2023.

Jim Geiger, Chief Executive Officer of CloudOne Digital, comments, “Zach’s wealth of experience and pioneering approach to infrastructure solutions perfectly align with our goal of becoming the preferred provider for businesses taking the next step with their critical infrastructure, digital platforms, and hybrid cloud needs. His expertise will undoubtedly help propel CloudOne Digital’s vision of being a leader in the multi-cloud world.”

“CloudOne Digital is building a breadth of cloud and bare metal solutions that is unmatched in the marketplace,” says Smith. “Joining an ambitious team to build a product suite that will grow mid-market and enterprise businesses is exciting. CloudOne Digital empowers businesses to deploy data-intensive applications with greater efficiency and scalability, transforming what’s possible in the digital era.”

“We’re thrilled to have someone of Zachary’s caliber and expertise join our team at CloudOne Digital. His expertise in driving scale via bare metal technology aligns perfectly with our mission to empower businesses with reliable, secure, and innovative hosting solutions,” says Nick Dvas, President of Servers.com

“I’m excited to join the CloudOne Digital team and contribute to its vision of providing agile, robust, and optimized infrastructure,” says Smith. “The possibilities at CloudOne Digital to accelerate bare metal and cloud solutions are boundless, and I’m eager to help the team drive this transformation.”

About CloudOne Digital

CloudOne Digital, a portfolio company of One Equity Partners (OEP), is an innovative portfolio of cloud-based solutions tailored to the needs of online businesses. Serving small entrepreneurs to mid-market enterprises, to platform providers in AdTech, FinTech, Gaming, iGaming, and streaming verticals, CloudOne provides infrastructure and cloud capabilities that meet the demands of growing online businesses through its two largest brands Servers.com and Liquid Web. With a customer-centric approach, CloudOne’s solutions offer the reliability, scalability, and support essential for business success in a competitive digital world.

For media inquiries, please contact:
Name: Isaac Douglas
Title: CRO, servers.com
Email: Isaac@servers.com

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SOURCE CloudOne Digital

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VIAIM Receives Shopee Trending Shop Recognition with Its Innovative Air and Nano+ Earbuds Taking Center Stage

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11 hours ago

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November 9, 2024

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SINGAPORE, Nov. 9, 2024 /PRNewswire/ — VIAIM, an AI technology hardware company deeply rooted in the smart office sector, has once again become a popular choice on Singapore’s Shopee platform for the upcoming Double 11 shopping festival with its high-quality products and cutting-edge technology, including its best-selling Air and Nano+ conference recording earbuds. The world-renowned brand has been recognized as a Shopee Trending Shop just in time for the big retail festival, and also ranked second in sales ahead of six other major headphone brands. This reflects Singaporean consumers’ strong recognition of the quality and high functionality of its Nano+ and Air series of earbuds.

The certification given by the Shopee is based on a comprehensive evaluation of VIAIM’s Shopee store, and includes metrics such as operating data, sales, and buyer preferences, among others. VIAIM’s second place among the top six headphone brands reflects the brand’s popularity, strong consumer recognition, and high customer satisfaction levels in Singapore.

Mr.Ma,CEO of VIAIM, commented: “We are honored to receive this recognition from Shopee, and it is because of the trust and loyalty of our customers that we have received it, so I want to personally thank them for this. People are using our products and there is no better recognition than this. For this Double 11 Festival, VIAIM is yet again leading the way with our strong tech innovation and product excellence that continue to bring a new and improved artificial intelligence conference recording experience to users around the world.”

The VIAIM Nano+ and Air series earbuds are redefining efficiency with their versatile functionality, featuring three distinct recording modes: call recording, on-site recording, and audio and video recording. Supporting 13 languages for real-time transcription and translation, including Malay and Thai, the earbuds cater to a diverse and international user base, particularly in Southeast Asia.

Powered by VIAIM AI, the earbuds effortlessly extract summaries and key points from lengthy articles, helping business professionals and students save time and retain critical knowledge. Their advanced 45dB deep noise reduction ensures crystal-clear sound quality in any environment, while the Flash Record feature captures every moment seamlessly. With dual-device connectivity and an impressive 40-hour battery life, these lightweight earbuds provide a comfortable, all-day listening experience without interruptions.

Designed to solve real-world challenges, from simplifying multilingual communication to enhancing productivity, the VIAIM Nano+ and Air series stand out as essential tools for modern professionals and students. Whether you’re leading a meeting, studying for exams, or navigating cross-cultural exchanges, these earbuds are your trusted companion for achieving more, faster, and with ease.

Time is running out as the Double 11 festival approaches. From November 10 at 8 p.m. to November 13 at 11:59 p.m.,VIAIM is offering exclusive limited-time discounts. Head to VIAIM’s Shopee and Lazada stores to grab special deals on the Nano+ conference recording earbuds and Air earbuds. Don’t miss out—shop now to boost your work efficiency!

About VIAIM

VIAIM is an innovative technology company in the consumer-goods sector. With a focus on versatile, multimodal interactions, we strive to provide effective solutions that meet users’ specific needs. By harnessing state-of-the-art technology, we bring our visionary ideals to life, helping people embrace the incredible possibilities the Company offers.

CONTACT: Qian Wang, wangqian@vision-intelligence.tech 

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SOURCE VIAIM

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