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Coursera, one of the companies featured on Forbes’ 2018 list of Next Billion-Dollar Startups, is worth well over $1 billion, says its CEO, Jeff Maggioncalda. The seven-year-old online education provider, based in Mountain View, California, announced this morning that it had raised an additional $103 million in funding. “This gives us the resources to more aggressively push on our mission of greater access to quality education and greater opportunity for people who are being left behind in this economy,†he says.
Since our feature story on Coursera last October, the number of registered learners on the site has climbed from 36 million to 40 million. When we published, the company had been valued at $800 million. Its revenue, which Forbes pegged at $140 million in 2018, is fueled in part by partnerships with 1,800 enterprise customers. They include Adobe, which paid Coursera an estimated $150,000 last year to provide machine-learning courses to Adobe employees.
Three months ago, Coursera signed a deal with the Abu Dhabi School of Government, an entity set up to train 60,000 government employees in digital skills like data science and artificial intelligence. Maggioncalda says that partnership is Coursera’s most extensive to date.
Coursera also offers 14 online masters degrees, in computer science, business and public health, from schools like the University of Michigan and the University of Illinois at Urbana-Champaign. And it just launched its first online bachelor of science degree with the highly regarded University of London.
Coursera’s news comes at a time when critics like Kevin Carey, director of education policy at the liberal-leaning New America foundation, have raised concerns about the high cost of online degrees. In a widely-read April article published in the Huffington Post, headlined “The Creeping Capitalist Takeover of Higher Education,†he wrote that online education should slash the price of a good degree. But instead, many schools use online program managers, known as OPMs, to produce and market their online courses. OPMs charge as much as 60% of tuition for the service. Students who earn online degrees offered through OPMs pay the same high tuition as they would if they studied on campus. “What this means is that an innovation that should have been used to address inequality is serving to fuel it,†he wrote. (Read Forbes’ story on 2U, a leading OPM here.)
By contrast, Coursera does no course production and takes only 40% of tuition. Its marketing costs are low, says Maggioncalda, because it already reaches a huge number of learners. One example of a low-cost Coursera degree: its online iMBA from the University of Illinois’ highly-ranked Gies College of Business, which costs $22,000. Out-of-state students pay $75,000 in tuition for an on-campus degree.
Though its partnerships with companies and its degree programs are growing, he says the $49 fee (or subscription fee of $49-$99 per month) learners pay to earn completion certificates for its wide selection of courses that are open to the public still account for the largest share of Coursera’s revenue.
Stanford computers science professors Daphne Koller and Andrew Ng founded Coursera in 2012 as a platform to offer massive open online courses, known as MOOCs. Their vision was to give students around the world free access to college courses taught by professors from top universities. At first, Coursera charged nothing to students, who earned no academic credit. Princeton, Penn and Michigan signed on. Tremendous hype followed, with thought leaders like the New York Times’ Thomas Friedman writing about Coursera and its fellow MOOC providers Udacity and edEx, “Nothing has more potential to unlock a billion more brains to solve the world’s problems.â€
The narrative soon switched to “the death of the MOOC,†after data from two University of Pennsylvania studies showed that 80% of people who registered for free MOOCs already had degrees and only half of them bothered to look at a single lecture. A minuscule 4% completed their courses.
In 2014 Coursera hired former Yale president Rick Levin and started charging $30-$70 for course completion certificates. In 2017 Maggioncalda took over the top job. He had a track record running a successful company started by Stanford professors. In 2010 he took retirement planning website Financial Engines, founded by Nobel prize winner William F. Sharpe and former SEC commissioner Joseph Grundfest, public. By the time he left, its market cap was close to $2 billion and his net worth was north of $50 million.
At Coursera, he’s put the company on a growth trajectory that includes expansion around the world. After the U.S., Coursera’s greatest growth has come from India, China, Mexico and Brazil, in that order.
The latest investment in Coursera was led by SEEK Group, an Australian company with stakes in online employment and education firms. SEEK was joined by previous Coursera investors Future Fund and NEA. It brings Coursera’s total funding to $313 million.
Coursera is the second company on Forbes’ 2018 Next Billion-Dollar Startup list to cross into unicorn territory this week. Read Amy Feldman’s story about trucking industry technology provider KeepTruckin here.
Source: https://www.forbes.com/sites/susanadams/2019/04/25/online-education-provider-coursera-is-now-worth-more-than-1-billion/#7f0138a130e1
SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.
Food and beverage giant PepsiCo has conducted a blockchain trial that brought a 28 percent boost in supply chain efficiency.
Dubbed “Project Proton,†the trial set out to examine if blockchain could address “industry challenges†in programmatic advertising.
PepsiCo’s project partner and media agency Mindshare announced the news Monday, saying that it assisted in the trial, which carried out a programmatic end-to-end supply chain reconciliation using Zilliqa’s blockchain platform. The effort compared a control budget with one for the test to gauge the effectiveness of the technology.
Zilliqa’s smart contracts were further used to automate the programmatic supply chain, Mindshare said, explaining:
“These smart contracts reconcile impressions that are delivered from multiple data sources with payments facilitated using an internal Native Alliance Token (NAT) all in near real time, resulting in major efficiency gains and complete transparency for the brand owners.â€
The results indicated efficiency increases “in terms of costs for viewable impressions, in running the campaign through smart contracts, versus one without,†according to Mindshare.
Other partners in the project included online advertising company Rubicon, programmatic marketing technology firm MediaMath and media firm Integral Ad Science.
The trial was conducted in March in the Asia Pacific region. The partners now plan to run a second phase with the addition of payments to publishers and more performance metrics.
Farida Shakhshir, PepsiCo’s director of consumer engagement for the Asia, Middle East and North Africa regions, said:
“The results are encouraging, and we plan to run a few more campaigns under different conditions to verify more hypotheses and measure overall impact.â€
Source: https://www.coindesk.com/pepsico-blockchain-trial-brings-28-boost-in-supply-chain-efficiency
SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.
By CCN: Ripple has announced its latest partnership. Ria Money Transfer will use RippleNet to facilitate real-time blockchain-powered global payments. XRP, of which Ripple is the largest holder, is up 1% today.
The XRP price is down 16% year-to-date. | Source: CoinMarketCap
Ria Money Transfer’s yearly money transfer volume is approximately $40 billion. They rank as the No. 2 service provider in the remittance industry. Ria will leverage RippleNet technology to gain access to hundreds of financial institutions in Ripple’s global blockchain payment network. Some of the most recently added RippleNet customers include WorldCom Finance and BFC Bahrain, to name a couple.
According to a report published by BlockData, money transfer platforms are better off utilizing blockchain-based solutions as they greatly reduce the transaction time and fees attracted per transaction.
⚡️Remittance settlement time is 388 times faster on blockchain than traditional channels⚡️
Full report: https://t.co/LItYeujP74#blockchain #innovation #disruption #remittance #bitcoin pic.twitter.com/AFAMMJSWyt
— BLOCKDATA (@blockdata_tech) March 13, 2019
Ripple will benefit from the extensive reach Ria enjoys within the global remittance market and will significantly expand its status in fintech. One of the advantages highlighted on Ripple’s website is the access RippleNet customers will gain to Ria’s global fintech ecosystem.
.@RiaFinancial, one of the largest payments service providers in the world, joins #RippleNet to enable faster, lower-cost payments for millions. https://t.co/2OC3bCTLY2 pic.twitter.com/UnBxAhUWCb
— Ripple (@Ripple) May 2, 2019
The remittance industry is set to be worth $1 trillion by 2022, according to a report released by BlockData. In 2017, which is the latest data recorded, some $150 billion in remittances was sent from the U.S. alone. Globally, the amount is closer to $625 billion in the same year, reflecting an increase of 6% vs. 2016.
Ripple has continuously improved its platform to ensure a large percentage of remittance volume passes through its payment solutions such as RippleNet, xCurrent, and xVia.
Ripple’s strategy includes simultaneously partnering with several platforms to expand its services globally by creating corridors in specific regions.
InstaREM, RationalFX, Remitr, FlutterWave, and BeeTech have all partnered with Ripple for the development of services centered around the Ripple ecosystem.
Ripple’s partnership with Ria follows hot on the heels of Saudi British Bank (SABB) announcing they plan to use the blockchain for their Instant Cross-Border Transfer Service.
With nearly $50 billion in assets, the partnership catapults the blockchain startup closer to its goal of overtaking SWIFT as the dominant global payments provider. Dan Morgan, Ripple’s head of regulatory relations, recently stated:
“Unlike the growing trend to try and keep crypto assets separate from financial institutions, we should see them as an additive to the financial ecosystem.â€
Source: https://www.ccn.com/ripple-deal-40-billion-remittance-giant
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By Ameya Dusane May 01 2019
The deal signifies a new monetization pipeline for the company and a superior DSP coming to market
New York: Zeta Global, a data-driven marketing technology company that helps brands acquire more customers, retain them longer and grow their value, today announced that it has closed the acquisition of certain assets from online advertising technology company Sizmek.
Zeta Global’s acquisition of Sizmek assets is impactful to the current programmatic marketplace because the resulting Zeta DSP will mark the first time that data of this quality and depth is offered in a DSP and will be at no cost. Zeta owns the third largest data set in the world with 2.2 billion probabilistic profiles and 750 million connected, deterministic profiles in its database.
“We look forward to welcoming the talented Sizmek DSP and DMP teams and integrating their technology into our data and marketing clouds to deliver a uniquely valuable solution for clients and partners,” said David A. Steinberg, Zeta Global CEO, Chairman and Co-Founder.
Under the terms of the acquisition, Zeta now owns Sizmek’s DSP and DMP platforms and is hiring over 200 Sizmek employees. Zeta will soon make its proprietary data cloud and AI derived audiences available to Sizmek clients and partners . “We are witnessing the convergence of the world’s best AI with identity and intent data,†said Mike Caprio, former Chief Growth Officer for Sizmek, now a Divisional President for Zeta. “We’re excited to see this acquisition come together and believe that the combined company is better positioned to help our clients improve performance – across channels and across the customer lifecycle.â€
Forrester principal analyst Joe Stanhope and author of the recent report A More Perfect Union: Adtech And Martech Convergence Will Revolutionize Marketing commented, “Convergence is happening and it will affect tens of billions of dollars in marketing spend. Connecting and delivering customer interactions across touchpoints and devices is pushing marketers’ current analysis, orchestration, and execution capabilities to their limits. Nowhere is the struggle more acute than efforts to build stronger connections between advertising and marketing, which promises tremendous potential synergies in coordinating insights, profiles, targeting, personalization, and execution.”
Speaking exclusively to MarTech Advisor David A. Steinberg Zeta CEO, added, “This acquisition brings a proprietary data cloud combined with a world-class DSP to the programmatic marketplace for the first time. The resulting Zeta DSP will mark the first time that data of this quality and depth is offered in a DSP, at no cost, as a part of using our platform,†said David A. Steinberg, CEO of Zeta Global. “Zeta owns the third largest data set in the world with 2.2 billion probabilistic profiles and 750 million connected, deterministic profiles in its database. We are excited to service our clients through this united company and look forward to the weeks and months ahead as we integrate.â€
Source:https://www.martechadvisor.com/news/ads/zeta-global-acquires-sizmeks-data-and-programmatic-platform/
MONTREAL, May 03, 2019 — HPQ Silicon Resources Inc. (HPQ) (TSX-V:“HPQâ€)(FRANKFURT:UGE)(OTC PINK:URAGF) is pleased to announce the receipt of an interim progress report from PyroGenesis Canada Inc (“PyroGenesisâ€) (TSX-V: PYR) highlighting results of GEN2’s material compatibility tests done under actual operating condition.
The PUREVAP™ is a harsh process for materials because of the very high temperatures sustained during operations and the presence of liquid metal. This is why parts of the system which are in proximity of the high temperature regions and liquid metal need to be lined with material that is compatible with the harsh environment. To validate material selection, experimental tests, focused on the two sections of the reactor susceptible to intense wear and tear were conducted using the GEN2 PUREVAP™.
GEN2 AN INVALUABLE ASSET THAT ALLOWS TESTING UNDER ACTUAL OPERATIONAL CONDITIONS
The GEN2 tests conducted to study the compatibility of the material chosen were done under actual operational conditions, whereby once a pool of silicon metal was created inside the reactor, the tap hole was opened to drain metal out of the reactor and the reactor was inspected for damages or un-expected wear and tear.
For the material chosen for the GEN3, the test were deemed a success since inspection after the test showed no silicon melt attack to the material and no dissolution of the walls by liquid metal.
“This is another demonstration of where the meticulous approach to R&D and proven track record of taking projects from proof of concept to commercialization of PyroGenesis provides great value to the HPQ PUREVAP™ project†said Bernard J. Tourillon President and CEO of HPQ Silicon Resources. “We are none only reducing the overall risk of the project, we have also ticked off another box in our goal to create both a low cost and green metallurgical approach to producing solar grade silicon metal“.
Pierre Carabin, Eng., M. Eng., Chief Technology Officer and Chief Strategist of PyroGenesis has reviewed and approved the technical content of this press release.
In accordance with the agreement between HPQ-Silicon and Agoracom, entered into on July 3, 2014, extended by both parties for additional periods ending July 15, 2018 and July 15, 2019 under the same terms and conditions, HPQ-Silicon board has approved the issuance of 188,333 common shares at a deemed price of 7,5 cents per share to pay $14,125 for services rendered during the period from July 16, 2018 ending October 15, 2018 and HPQ board has also approved the issuance of 235,416 common shares at a deemed price of 6 cents per share to pay $14,125 for services rendered during the period from October 16, 2018 ending January 15, 2019. Each share issued pursuant to the debt settlement will have a mandatory four (4) month and one (1) day holding period from the date of closing.
Furthermore, the Directors of the Corporation have agreed to settle a $75,000.00 debt for services rendered by a service provider to the Corporation by issuing 750,000 units (“Unit”) at a price of $0.10 per Unit. Each Unit is comprised of 1 common share and 1 common share purchase warrant of the Corporation. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.15 per share for a period of 24 months. Each share issued pursuant to the debt settlement will have a mandatory four (4) month and one (1) day holding period from the date of closing. This settlement is subject to the approval of the TSX Venture Exchange.
This News Release is available on the company’s CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.
About HPQ Silicon
HPQ Silicon Resources Inc. is a TSX-V listed (Symbol HPQ) resource company focuses on becoming a vertically integrated producer of High Purity Silicon Metal (4N+) and a metallurgical producer of Solar Grade Silicon Metal (“SoG-Siâ€) used in the manufacturing of multi and monocrystalline solar cells of the P and N types, required for production of high performance photovoltaic solar systems.
HPQ’s goal is to develop, in collaboration with industry leaders, PyroGenesis (TSX-V: PYR) and Apollon Solar, experts in their fields of interest, the innovative PUREVAPTM “Quartz Reduction Reactors (QRR)â€, a new Carbothermic process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (4N+ Si) in one step and therefore reduce significantly the CAPEX and OPEX costs associated with a metallurgical transformation of quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule to start mid-2019
Disclaimers:
This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.
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.
For further information contact
Bernard J. Tourillon, Chairman, President and CEO Tel: (514) 907-1011
Patrick Levasseur, Vice-President and COO Tel: (514) 262-9239
www.HPQSilicon.com
Shares outstanding: 222,284,053
TORONTO, May 03, 2019 — Enthusiast Gaming Holdings Inc. (TSXV: EGLX) (OTCQB: EGHIF), (“Enthusiast†or the “Companyâ€) is excited to announce that it has launched a new series of local community gaming meetups taking place several times throughout the year in major cities across North America and Europe. In addition to the large-scale expo format of EGLX, its feature annual event currently in Toronto, the Company adds to its portfolio a multinational series of smaller, and more intimate, local meetups to deepen its connection with lifestyle gamers.
Delivering On The Mission Statement
Enthusiast Gaming’s mission statement is to become the largest community of passionate, lifestyle gamers worldwide and this gives Enthusiast the opportunity to provide in-person communities to gamers throughout the year and service more regions.
While Enthusiast’s online communities provide gamers with the ability to create content and connect socially online, the company’s strategy and belief is that a lifestyle community is most successful when it provides touchpoints, both online and offline. The series of meetups are designed to engage local gaming enthusiasts and provide an in-person, interactive gaming experience.
Similar to the Company’s online communities of dedicated gaming
enthusiasts, Enthusiast aims to provide gamers within their local
communities a place to connect, meet and share. Enthusiast’s online
properties have provided gamers with niche gaming content and
communities that cater to unique, individual passions encompassing all
aspects of the gaming ecosystem. From inception, Enthusiast has been
strategically focused on either organically building or acquiring
digital properties which cover the broad spectrum of gamers individual
interests including games, like The Sims Resource (www.thesimsresource.com); specific consoles, like Nintendo Enthusiast (www.nintendoenthusiast.com); or a genre, like esports, with Daily Esports (www.dailyesports.gg) to name a few.
Highlights of the Event
Some of the key highlights of the events are:
Melanie Azagury, EGLX Project Manager comments, “It was evident from the feedback and success of our large events that the gaming community wants more frequent and intimate gamer events. Our mission is to provide the lifestyle gaming enthusiast those places and communities to gather, share, discover and connect and these series are the perfect way to both give the local gaming community a local hub but also allow us to understand and get to know the community even better. Working in conjunction with our growing advertiser base who share these ideas, we hope to provide giveaways and custom unique activations and programs at these events.â€
Back to Enthusiast’s Roots
The gaming meetups mirror the early days of the Enthusiast Gaming Live Expo, EGLX, where the Company hosted events at a local pub in Toronto with around 100 attendees. These events continued to grow, graduating to a hotel with 300 attendees, and eventually, to an exhibition space, where the first expo was held in 2015 with 1700 attendees. These grassroots events evolved into Canada’s largest video game expo with approximately 55,000 attendees in 2018. EGLX will continue to evolve and grow with multi city and US expansion currently planned for 2020.
The first event of the series is confirmed for Saturday, June 1, 2019 at the Hive Esports, Toronto’s premier gaming hub at 49 St Clair Ave W, Toronto, Ontario. Every few months, the Company plans to expand to additional major cities as it broadens the reach of the event. More details of the events will follow
About Enthusiast Gaming
Founded in 2014, Enthusiast Gaming is the largest vertically integrated video game company and has the fastest-growing online community of video gamers. Through the Company’s unique acquisition strategy, it has a platform of over 80 owned and affiliated websites and currently reaches over 75 million monthly visitors with its unique and curated content and over 50 million YouTube visitors. Enthusiast also owns and operates Canada’s largest gaming expo, Enthusiast Gaming Live Expo, EGLX, (eglx.ca) with approximately 55,000 people attending in 2018. For more information on the Company, visit www.enthusiastgaming.com.
CONTACT INFORMATION:
Investor Relations:
Julia Becker
Head of Investor Relations & Marketing
[email protected]
(604) 785.0850
This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that Enthusiast anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Such information may involve, but is not limited to, comments with respect to strategies, expectations, planned operations and future actions of the Company. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of Enthusiast to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to Enthusiast, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs regarding future growth, results of operations, future capital (including the amount, nature and sources of funding thereof) and expenditures. Any and all forward-looking information contained in this press release is expressly qualified by this cautionary statement. Trading in the securities of the Company should be considered highly speculative.
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.
The securities of the Corporation have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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Fred Lambert – May. 2nd 2019 4:56 pm ET
Tesla is worried that there soon will be some upcoming global shortages of minerals used to make batteries for electric cars, like nickel, copper, and lithium.
The electric revolution in the auto industry is increasing the demand for batteries at an incredible pace and in turn, it’s increasing the demand for some specific minerals used in the production of li-ion battery cells.
It’s difficult to understand just how big of an impact electric vehicles are on the battery market.
For example, Tesla became the world’s biggest battery consumer just a few years after achieving volume production of its electric vehicles.
At a Benchmark Minerals Intelligence conference today in Washington, Sarah Maryssael, Tesla’s global supply manager for battery metals, said that the automaker is concerned about some of those minerals, according to sources at the event via Reuters:
“Sarah Maryssael, Tesla’s global supply manager for battery metals, told a closed-door Washington conference of miners, regulators and lawmakers that the automaker sees a shortage of key EV minerals coming in the near future, according to the sources.â€
Update: Reuters updated their story to that a Tesla spokesman said: the comments were industry-specific and referring to the long-term supply challenges that may occur with regards to these metals.
Many companies are worried about cobalt, which is not widely mined. Tesla uses less cobalt on average in its batteries than the rest of the industry.
Instead, Tesla is more concerned with nickel even though its more widely mined around the world:
“Maryssael added, according to the sources, that Tesla will continue to focus more on nickel, part of a plan by Chief Executive Elon Musk to use less cobalt in battery cathodes. Cobalt is primarily mined in the Democratic Republic of the Congo, and some extraction techniques – especially those using child labor – have made its use deeply unpopular across the battery industry, especially with Musk.â€
The Tesla executive also said that the automaker sees “huge potential†to work with mines in Australia or the United States.
At the conference, a US senator also unveiled new proposed legislation that would aid domestic mining of electric vehicle minerals.
The battery supply chain is an essential part of the electric revolution and the automakers who want to achieve mass production, like Tesla, need to be involved in every aspect of it.
Tesla knows that and it has been deeply involved down to the mining level since embarking in the Gigafactory 1 project with Panasonic.
The company rarely comments on supply problems at the mineral level and when it has in the past, it mainly brushed off concerns.
That’s partly because cobalt has been the main concern for many automakers and Tesla’s use in cobalt in its proprietary battery chemistry is somewhat limited.
Nickel and copper are the most common minerals in its batteries, but there are also the most commonly mined.
It’s interesting that they are now warning that there could be shortages. It’s another indication that the growth in the industry is going to happen fast in the next few years with so many different mass market EV programs in the work.
Those are good problems to have because they indicate that we are going in the right direction and they are somewhat easily solvable. They just require investments.
Source: https://electrek.co/2019/05/02/tesla-shortage-battery-minerals-nickle-copper-lithium/
The KABN Network is an integrated suite of financial services that includes:
THE PROBLEM KABN SOLVES
As cryptocurrencies and other digital currencies grow globally, there is an ever-increasing need to convert them into traditional currencies (i.e. USD and Euros) for use in traditional spending.
KABN’s integrated suite of products, which has received approval by Visa, solves this major challenge by empowering digital currency holders to spend in-store and online, as well as, access ATMs globally wherever Visa is accepted.
KABN’s technology has been built, their partners are in place, they have been approved by Visa and they are ready to go for their European launch in the 2nd quarter with an expected expansion to North America later this year.
Select Partners
FULL DISCLOSURE: KABN is an advertising client of AGORA Internet Relations Corp.
BIRKIRKARA, Malta, May 03, 2019 — Esports Entertainment Group, Inc. (GMBL:OTCQB) (or the “Company”), a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, is pleased to announce that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed offering of its securities. Though the number and type of securities to be offered and the price range for the offering have not yet been determined, the proposed maximum aggregate offering is $11,500,000.
The Company expects to use the net proceeds from the proposed offering for the following purposes:
Joseph Gunnar & Co. and Dinosaur Financial Group will be co-underwriters for the proposed offering.
The offering of the Company’s securities will be made only by means of a prospectus.
When available, a copy of the preliminary prospectus related to the offering may be obtained from:
Esports Entertainment Group, Inc., 170 Pater House, Psaila Street, Birkirkara, Malta, Attn: Grant Johnson, CEO, by calling +356-2757-7000, or by emailing [email protected];
Joseph Gunnar & Co., LLC, 30 Broad Street, 11th Floor, New York, NY 10004, by calling 212-440-9600, or by emailing [email protected];
Dinosaur Financial Group, LLC, 470 Park Avenue South, 9th Floor, New York, NY 10016, by calling 212-448-9944, or by emailing [email protected].
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
This press release is available on our Online Investor Relations Community for shareholders and potential shareholders to ask questions, receive answers and collaborate with management in a fully moderated forum at https://agoracom.com/ir/EsportsEntertainmentGroup
Redchip investor relations Esports Entertainment Group Investor Page:Â
http://www.gmblinfo.com
About Esports Entertainment Group
Esports Entertainment Group, Inc. is a licensed online gambling
company with a specific focus on esports wagering and 18+ gaming.
Esports Entertainment offers bet exchange style wagering on esports
events in a licensed, regulated and secure platform to the global
esports audience at vie.gg.
In addition, Esports Entertainment intends to offer users from around
the world the ability to participate in multi-player mobile and PC video
game tournaments for cash prizes. Esports Entertainment is led by a
team of industry professionals and technical experts from the online
gambling and the video game industries, and esports. The Company holds
licenses to conduct online gambling and 18+ gaming on a global basis in
Curacao, Kingdom of the Netherlands. The Company maintains offices in
Malta, Curacao and Warsaw, Poland. Esports Entertainment common stock is
listed on the OTCQB under the symbol GMBL. For more information visit www.esportsentertainmentgroup.com.
FORWARD-LOOKING STATEMENTS
The
information contained herein includes forward-looking statements. These
statements relate to future events or to our future financial
performance, and involve known and unknown risks, uncertainties and
other factors that may cause our actual results, levels of activity,
performance, or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or
implied by these forward-looking statements. You should not place undue
reliance on forward-looking statements since they involve known and
unknown risks, uncertainties and other factors which are, in some cases,
beyond our control and which could, and likely will, materially affect
actual results, levels of activity, performance or achievements. Any
forward-looking statement reflects our current views with respect to
future events and is subject to these and other risks, uncertainties and
assumptions relating to our operations, results of operations, growth
strategy and liquidity. We assume no obligation to publicly update or
revise these forward-looking statements for any reason, or to update the
reasons actual results could differ materially from those anticipated
in these forward-looking statements, even if new information becomes
available in the future. The safe harbor for forward-looking statements
contained in the Securities Litigation Reform Act of 1995 protects
companies from liability for their forward-looking statements if they
comply with the requirements of the Act.
Contact:
Corporate Finance
1-268-562-9111
[email protected]
Media & Investor Relations Inquiries
AGORACOM
[email protected]
http://agoracom.com/ir/eSportsEntertainmentGroup
U.S. Investor Relations
RedChip
Dave Gentry
407-491-4498
[email protected]