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CLIENT FEATURE: Wagering on eSports is projected to hit $23 BILLION by 2020 $GMBL

Posted by AGORACOM-JC at 12:03 PM on Thursday, July 7th, 2016

Vgabmlinglarge_copy

Online Wagering Platform for the Future of Competitive Gaming

Why VGambling Inc?

“There is no other way to say it … VGambling represents one of the best potential mega winners I’ve seen in years.” George Tsiolis, AGORACOM Founder

“The Business of eSports Is Set To Explode…. Billions of dollars will soon be wagered on eSports competitions. Brands, consultants and investors are always looking for the next great opportunity and eSports appears to be an able applicant for the role.” Forbes Magazine, October 15, 2015

The 5 Things You Need To Know:

1. eSports – Over 130 million people from around the world tune in to watch teams of video game players compete with each other.

2. eSports Wagering – Wagering on eSports is projected to hit $23 BILLION by 2020.

3. VGambling is the next generation online gambling company that is built for the purpose of facilitating as much of this wagering as possible

4. VGambling is fully licensed, compliant and authorized to legally transact in eSports wagering.

5. VGambling has assembled a team of officers and board members with significant star power in the world of eSports and online gambling


Who is VGambling Inc.?

  • Company intends to offer users from around the world the ability to wager on professional e-Sports events for real money in licensed and secure environment.
  • Makes it possible to play in multi-player video game amateur tournaments and win cash prizes.
  • Issued an Internet gambling License by the Kahnawake Gaming Commission in Canada
  • Applied for a License in Antigua and Barbuda.
  • Company intends to conduct real money interactive gaming activities on a global basis from our base in St. John’s, Antigua.
  • Bringing users from these two huge industries together by offering our users from around the world the opportunity to play, and bet on online single and multi-player, video game tournaments for real money in our secure and licensed environment.
  • Utilizing VGambling Inc.’s peer-to-peer wagering system, video game fans and enthusiasts everywhere will be able to place all manner of bets on eSports professional players’ performance. Wagering will be available on a wide range of professional eSports events from around the world.
  • Company also intends to offer the widest selection of video games of skill, designed to be compatible for all applications including mobile and in multiple languages, to be played online for real money in small groups, tournaments and major events

The Opportunity

INTERNET GAMBLING EXPENDITURE IS INCREASING GLOBALLY

Online gambling, also known as Internet gambling and iGambling, is a general term for gambling using the Internet.

  • $40B industry with +20% annual growth
  • Sports betting estimated to be 41% of total online market.
  • Internet gambling represents +10% of global gambling market

eSports

Electronic sports (also known as eSports, e-sports,
competitive gaming, or programming in Korea) is a term for organized multiplayer video game competitions.
Last year Riot Games’ “League of Legends” world championship had 27 million streaming views. To provide some correlation, it was more than the average viewership of the World Series of baseball, which is the second most viewed sport in the USA. The number of professional eSports tournaments worldwide more than tripled from 430 in 2013 to 1,485 in 2014.

  • eSports organizations hosting major tournaments include the Electronic Sports League in Europe, Major League Gaming in North America, and the Korean eSports Association founded by the Korean government and affiliated to the Korean Olympic Committee
  • China and Korea continue to dominate the global eSports market
  • eSports are currently being seriously considered by the IOC as an Olympic sport

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Posted in AGORACOM Client Feature, All Recent Posts, eSports Investing, VGambling Inc. | Comments Off on CLIENT FEATURE: Wagering on eSports is projected to hit $23 BILLION by 2020 $GMBL

CLIENT FEATURE: Wagering on eSports is projected to hit $23 BILLION by 2020 $GMBL.ca

Posted by AGORACOM-JC at 3:29 PM on Thursday, June 30th, 2016

Vgabmlinglarge_copy

Online Wagering Platform for the Future of Competitive Gaming

“There is no other way to say it … VGambling represents one of the best potential mega winners I’ve seen in years.” George Tsiolis, AGORACOM Founder

“The Business of eSports Is Set To Explode…. Billions of dollars will soon be wagered on eSports competitions. Brands, consultants and investors are always looking for the next great opportunity and eSports appears to be an able applicant for the role.” Forbes Magazine, October 15, 2015

The 5 Things You Need To Know:

1. eSports – Over 130 million people from around the world tune in to watch teams of video game players compete with each other.

2. eSports Wagering – Wagering on eSports is projected to hit $23 BILLION by 2020.

3. VGambling is the next generation online gambling company that is built for the purpose of facilitating as much of this wagering as possible

4. VGambling is fully licensed, compliant and authorized to legally transact in eSports wagering.

5. VGambling has assembled a team of officers and board members with significant star power in the world of eSports and online gambling


Who is VGambling Inc.?

  • Company intends to offer users from around the world the ability to wager on professional e-Sports events for real money in licensed and secure environment.
  • Makes it possible to play in multi-player video game amateur tournaments and win cash prizes.
  • Issued an Internet gambling License by the Kahnawake Gaming Commission in Canada
  • Applied for a License in Antigua and Barbuda.
  • Company intends to conduct real money interactive gaming activities on a global basis from our base in St. John’s, Antigua.
  • Bringing users from these two huge industries together by offering our users from around the world the opportunity to play, and bet on online single and multi-player, video game tournaments for real money in our secure and licensed environment.
  • Utilizing VGambling Inc.’s peer-to-peer wagering system, video game fans and enthusiasts everywhere will be able to place all manner of bets on eSports professional players’ performance. Wagering will be available on a wide range of professional eSports events from around the world.
  • Company also intends to offer the widest selection of video games of skill, designed to be compatible for all applications including mobile and in multiple languages, to be played online for real money in small groups, tournaments and major events

The Opportunity

INTERNET GAMBLING EXPENDITURE IS INCREASING GLOBALLY

Online gambling, also known as Internet gambling and iGambling, is a general term for gambling using the Internet.

  • $40B industry with +20% annual growth
  • Sports betting estimated to be 41% of total online market.
  • Internet gambling represents +10% of global gambling market

eSports

Electronic sports (also known as eSports, e-sports,
competitive gaming, or progamming in Korea) is a term for organized multiplayer video game competitions.
Last year Riot Games’ “League of Legends” world championship had 27 million streaming views. To provide some correlation, it was more than the average viewership of the World Series of baseball, which is the second most viewed sport in the USA. The number of professional eSports tournaments worldwide more than tripled from 430 in 2013 to 1,485 in 2014.

  • eSports organizations hosting major tournaments include the Electronic Sports League in Europe, Major League Gaming in North America, and the Korean eSports Association founded by the Korean government and affliated to the Korean Olympic Committee
  • China and Korea continue to dominate the global eSports market
  • eSports are currently being seriously considered by the IOC as an Olympic sport

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Posted in AGORACOM Client Feature, All Recent Posts, VGambling Inc. | Comments Off on CLIENT FEATURE: Wagering on eSports is projected to hit $23 BILLION by 2020 $GMBL.ca

VGambling DTC Approval Makes Shares Available for Trade Amongst eSports Investors $GMBL.us

Posted by AGORACOM-JC at 9:58 AM on Tuesday, June 28th, 2016

Vgabmlinglarge_copy

  • Company has received approval from The Depository Trust Company and is now DTC eligible
  • DTC eligibility allows for VGambling shares to be easily and economically transferred between brokerage accounts electronically

ST. MARY’S, ANTIGUA–(Jun 28, 2016) – VGambling Inc. (OTCQB: GMBL) or (the “Company”), a licensed next generation online gambling company focused on the massive and fast growing eSports industry, is pleased to announce the Company has received approval from The Depository Trust Company (the “DTC”) and is now DTC eligible.

DTC eligibility allows for VGambling shares to be easily and economically transferred between brokerage accounts electronically. The DTC is the largest securities depository in the world and acts like a clearinghouse for brokers, providing various services.

This is a very important milestone for the Company as it prepares to launch its eSports wagering platform to fans and participants in Q3 2016. Given the global nature of the eSports industry, VGambling anticipates investment interest from across North America and the world.

“The ability to have GMBL shares electronically transferred between brokerages in the United States is significantly more convenient and reduces the costs incurred in trading shares, thus making it more economical for shareholders, eSports investors and brokers to buy and sell VGambling shares,” said Grant Johnson, Chief Executive Officer of VGambling Inc.

About The Company

VGambling Inc. is a next generation online gambling company licensed in Canada. VGambling intends to offer users from around the world the ability to play and wager on multi-player video games and e-Sports events for real money in our licensed and secure environment. VGambling has recently been issued a Client Provider Authorization Permit to conduct real money interactive gaming on a global basis from bases in Canada and Antigua by the Kahnawake Gaming Commission. VGambling has entered into a Betting Gaming Platform Software Agreement with Swiss Interactive Software GmbH to provide wagering platform software. VGambling is led by a team of industry and technical experts from the Internet gambling and video game industries, e-Sports, marketing, legal and financial professionals. VGambling maintains offices in St. Mary’s, Antigua and Barbuda. VGambling is currently developing several play for free websites and the real money wagering website www.vgambling.net. VGambling’s common stock is listed on the OTCQB under the symbol GMBL. For more information please see www.vgambling.net

Contact:

Grant Johnson
Chief Executive Officer
VGambling Inc.
1-905-580-2978
[email protected]

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Liberty Star’s CEO James A. Briscoe Updates the Hay Mountain Project $LBSR.us

Posted by AGORACOM-JC at 2:40 PM on Thursday, June 23rd, 2016
Lsumlogo_with_slogan2_20130730
  • Drillers are on standby and the necessary paperwork is in hand
  • Company wants to get to Hay Mountain Drill Target One ASAP

TUCSON, AZ–(June 23, 2016) – Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCBB: LBSR) (OTC PINK: LBSR) is pleased to announce that Company CEO/Chief Geologist James A. Briscoe summarized exploration activity at the Hay Mountain Project over the weekend. The “Update on the Hay Mountain Project” was originally posted on the Liberty Star website on June 18 and shared on Agoracom.com that day.

Comments Mr. Briscoe: “While nothing in the update is brand new, it summarizes what we have found using well-established practices and new technologies in mining exploration. Our methodology offers reaffirming conclusions through different practices. In other words, we started with geochem as a baseline for finding targets which was confirmed and refined through geology, geophysics (ZTEM) and surface x-ray fluorescence (XRF instrumentation). It is my hope that the update clarifies our methodologies and conclusions. To that end, included in this summary are Internet links to various data that can also be found on our web site.

From CEO James A. Briscoe: Update on the Hay Mountain Project (Published June 18, 2016)

This is an exciting time for Liberty Star. I am ready, our field manager, Jay Crawford, is ready, the drillers are on standby and the necessary paperwork is in hand. We want to get to Hay Mountain Drill Target One ASAP.

As we have stated in numerous public reports, the data from geochem, geophysics and fieldwork with x-ray fluorescence for the Hay Mountain Project has been gathered and analyzed by me and other geosciences experts. I want to summarize and explain in simple terms what we have found and have reported previously:

  1. A viable target is indicated by our multiple geoscientific studies from the air and on the ground. This has been verified by independent geoscientists and follows the Lowell-Guilbert porphyry copper model.
  2. The presence of silicification and brecciated (broken) silicified limestone with leached capping, as well as breccia pipes with fluidized rounded clasts (fragments), characteristic of all porphyry coppers, but were unknown to the area prior to our fieldwork in the fall of 2015. These outcrops are occurring in the main porphyry copper alteration zone mapped according to the geochemical and geophysical studies.
  3. As recently as October/November 2015, field work with an x-ray fluorescence instrument (Niton XL3t Goldd+ XRF Analyzer from Thermo Fisher Scientific) has found high grade pods of copper oxide (malachite) emanating from oxidized chalcopyrite (“Recent Field Work at Hay Mtn Project,” 09/24/2015), which is the normal copper sulfide mineral in porphyry copper bodies in this region over the area where previously derived geochemical highs exist. Such surface covers about two linear miles where there is outcrop.
  4. We believe this disseminated copper is actually the top of the porphyry copper mineral body as detected by geochem and geophysics — and the geophysics trace it downward to approximately 6,000 feet below the current surface. We interpret it is the low-grade upper part of our target that is outcropping.
  5. Gold — Because the Lowell-Guilbert porphyry copper model was tested and verified on numerous porphyry copper deposits throughout the world, we know the center metals of the model and our terrain under study include iron (magnetite), potassium (as potassium feldspar) gold, and moly. Other disseminated metal rings form around the center. The following must be tested to be confirmed:
    1. We see the moly, lead and gold geochem values in vegetation at the porphyry center. It is possible the gold in the center could be occurring at the surface either as submicron (Carlin-style) or finely disseminated, but not submicron.
    2. Thus, gold could be minable at and/or near the surface and processed by heap leaching or other standard processes.

Because this is a hypothesis, it needs to be tested by drilling and sampling. This will be done, at least in part, by our planned drilling program. We have not yet ascertained whether the Hay Mountain land package possesses commercially viable deposits of copper, molybdenum, gold, silver, lead, zinc, manganese and other metals including rare earth elements, uranium and thorium but data to date suggests it does. We have not identified any ore reserves to date. We have no way of finding out any of this without drilling.”

[Originally posted: http://www.libertystaruranium.com/2016/06/18/ceo-james-briscoe-update-hay-mountain-project/]

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

About Liberty Star Uranium & Metals Corp.

Liberty Star Uranium & Metals Corp. is engaged in the acquisition and exploration of mineral properties in the States of Arizona and southwest USA. The Company’s website address is www.libertystaruranium.com.

Forward-Looking Statements

Some statements in this release may be “forward-looking statements” for the purposes of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s Annual Report on Form 10-K for the year ended January 31, 2016, as updated from time to time in our filings with the Securities and Exchange Commission, most recently in the Company’s Quarterly Report for the period February 1, 2016 to April 30,2016. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services.

Follow Liberty Star Uranium & Metals Corp. on Agoracom, Facebook , LinkedIn & Twitter@LibertyStarLBSR

Contact:
Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers
520-425-1433
Investor Relations
[email protected]

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FEATURE: VGambling (GMBL: OTCQB) Targeting Billions of Dollars Expected to be Wagered on eSports Competitions $GMBL

Posted by AGORACOM-JC at 11:49 AM on Monday, June 13th, 2016

Vgabmlinglarge_copy

Online Wagering Platform for the Future of Competitive Gaming

Why VGambling Inc?

“There is no other way to say it … VGambling represents one of the best potential mega winners I’ve seen in years.” George Tsiolis, AGORACOM Founder

“The Business of eSports Is Set To Explode…. Billions of dollars will soon be wagered on eSports competitions. Brands, consultants and investors are always looking for the next great opportunity and eSports appears to be an able applicant for the role.” Forbes Magazine, October 15, 2015

The 5 Things You Need To Know:

1. eSports – Over 130 million people from around the world tune in to watch teams of video game players compete with each other.

2. eSports Wagering – Wagering on eSports is projected to hit $23 BILLION by 2020.

3. VGambling is the next generation online gambling company that is built for the purpose of facilitating as much of this wagering as possible

4. VGambling is fully licensed, compliant and authorized to legally transact in eSports wagering.

5. VGambling has assembled a team of officers and board members with significant star power in the world of eSports and online gambling


Who is VGambling Inc.?

  • Company intends to offer users from around the world the ability to wager on professional e-Sports events for real money in licensed and secure environment.
  • Makes it possible to play in multi-player video game amateur tournaments and win cash prizes.
  • Issued an Internet gambling License by the Kahnawake Gaming Commission in Canada
  • Applied for a License in Antigua and Barbuda.
  • Company intends to conduct real money interactive gaming activities on a global basis from our base in St. John’s, Antigua.
  • Bringing users from these two huge industries together by offering our users from around the world the opportunity to play, and bet on online single and multi-player, video game tournaments for real money in our secure and licensed environment.
  • Utilizing VGambling Inc.’s peer-to-peer wagering system, video game fans and enthusiasts everywhere will be able to place all manner of bets on eSports professional players’ performance. Wagering will be available on a wide range of professional eSports events from around the world.
  • Company also intends to offer the widest selection of video games of skill, designed to be compatible for all applications including mobile and in multiple languages, to be played online for real money in small groups, tournaments and major events

The Opportunity

INTERNET GAMBLING EXPENDITURE IS INCREASING GLOBALLY

Online gambling, also known as Internet gambling and iGambling, is a general term for gambling using the Internet.

  • $40B industry with +20% annual growth
  • Sports betting estimated to be 41% of total online market.
  • Internet gambling represents +10% of global gambling market

eSports

Electronic sports (also known as eSports, e-sports,
competitive gaming, or progamming in Korea) is a term for organized multiplayer video game competitions.
Last year Riot Games’ “League of Legends” world championship had 27 million streaming views. To provide some correlation, it was more than the average viewership of the World Series of baseball, which is the second most viewed sport in the USA. The number of professional eSports tournaments worldwide more than tripled from 430 in 2013 to 1,485 in 2014.

  • eSports organizations hosting major tournaments include the Electronic Sports League in Europe, Major League Gaming in North America, and the Korean eSports Association founded by the Korean government and affliated to the Korean Olympic Committee
  • China and Korea continue to dominate the global eSports market
  • eSports are currently being seriously considered by the IOC as an Olympic sport

Tags: , , , , , , , ,
Posted in AGORACOM Client Feature, All Recent Posts, eSports Investing, VGambling Inc. | Comments Off on FEATURE: VGambling (GMBL: OTCQB) Targeting Billions of Dollars Expected to be Wagered on eSports Competitions $GMBL

Liberty Star Extends Warrants’ Expiration Date by Three Years $LBSR.us

Posted by AGORACOM-JC at 11:45 AM on Wednesday, June 8th, 2016

Lsumlogo_with_slogan2_20130730

  • Announced that the expiration date of certain previously issued warrants has been extended by three years.
  • Expiration date of any warrant issued by Liberty Star between May 1, 2013 and May 1, 2016 that was outstanding on May 1, 2016 has been extended for an additional three years.

TUCSON, AZ–(June 08, 2016) – Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCBB: LBSR) (OTC PINK: LBSR) today announced that the expiration date of certain previously issued warrants has been extended by three years.

The expiration date of any warrant issued by Liberty Star between May 1, 2013 and May 1, 2016 that was outstanding on May 1, 2016 has been extended for an additional three years. All other terms of the warrants, including the exercise price, remain unchanged. In addition, all terms of warrants issued prior to May 1, 2013 or after May 1, 2016, including the expiration date, remain unchanged.

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

About Liberty Star Uranium & Metals Corp.

Liberty Star Uranium & Metals Corp. is engaged in the acquisition and exploration of mineral properties in the States of Arizona and southwest USA. The Company’s website address is www.libertystaruranium.com.

Forward-Looking Statements

Some statements in this release may be “forward-looking statements” for the purposes of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s Annual Report on Form 10-K for the year ended January 31, 2016, as updated from time to time in our filings with the Securities and Exchange Commission. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services.

Follow Liberty Star Uranium & Metals Corp. on Agoracom, Facebook, LinkedIn & Twitter@LibertyStarLBSR

Contact:
Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar

or

Liberty Star Uranium & Metals Corp.
Tracy Myers
520-425-1433
Investor Relations
[email protected]

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Liberty Star Conducts Private Placement $LBSR.us

Posted by AGORACOM-JC at 4:17 PM on Friday, June 3rd, 2016

Lsumlogo_with_slogan2_20130730

  • Announced today that it will be conducting a private placement of its securities
  • Offering consisting of one share of its common stock and a warrant to purchase an additional half share of common stock, which may be exercised for 36 months at an exercise price of $0.004, at a price of $0.004 per Unit.
  • Total offering is for a maximum amount of $2 million. The offering will remain open until the $2 million has been raised or two months have transpired, whichever comes first

TUCSON, AZ–(June 03, 2016) – Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCBB: LBSR) (OTC PINK: LBSR) announced today that it will be conducting a private placement of its securities.

The Company is offering “Units” consisting of one share of its common stock and a warrant to purchase an additional half share of common stock, which may be exercised for 36 months at an exercise price of $0.004, at a price of $0.004 per Unit. The total offering is for a maximum amount of $2 million. The offering will remain open until the $2 million has been raised or two months have transpired, whichever comes first.

The proceeds of the offering will be used to place the Company’s drill in the ground for Phase 1 of the Hay Mountain Project.

Our Units are being offered in the United States pursuant to Rule 506(b) of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”). The Units have not been registered under the Securities Act and will consist of restricted securities as that term is defined in Rule 144 of the Securities Act. The Units may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements in accordance with the state and federal securities laws. The Units may not be offered or sold in any state in which such offer or sale is prohibited.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the Units, nor shall there be any sale of the Units in any state or jurisdiction in which such offer, solicitation, or sale is unlawful. Any offers of the Units will be made only by means of our complete private offering documentation. The press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

Forward Looking Statements

This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company’s 10K Annual Report filed May 17, 2016 and other filings made by the Company with the U.S. Securities and Exchange Commission.

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Omagine In Talks With Chinese Contractors For Oman Project $OMAG.us

Posted by AGORACOM-JC at 6:59 PM on Sunday, May 22nd, 2016

 Omag

An artistic rendition of the $2.5bn Omagine Project (Source: omagine.com)

  • In view of the current weak economic conditions in the GCC region due to the slump in oil prices, Omagine LLC, which plans to develop a US$2.5bn beach-front real-estate and tourism project in Oman, said it is in discussions with two leading Chinese contractors for construction of the project
By Gulam Ali Khan
May 21, 2016
Muscat –

In view of the current weak economic conditions in the GCC region due to the slump in oil prices, Omagine LLC, which plans to develop a US$2.5bn beach-front real-estate and tourism project in Oman, said it is in discussions with two leading Chinese contractors for construction of the project.

In a quarterly report submitted to the US Securities and Exchange Commission (SEC) last week, Omagine LLC’s US-based parent Omagine Inc said that since December 2015 Omagine LLC held multiple meetings with Consolidated Contractors International Co (CCIC), CCC-Oman and Royal Court Affairs (RCA) in an effort to conclude the foregoing arrangements and sign the CCC contract for the project. CCC-Oman is a subsidiary of CCIC.

“All parties are willing but the reality of the current economic scene and the effect it is having on bank liquidity and therefore on future requirements that Omagine LLC will have for construction financing was well recognised by all Omagine LLC shareholders,” Omagine Inc said.

It said that extensive financial negotiations and legal re-drafting of multiple versions of the CCC contract and the amended and restated shareholder agreement have taken place since December 2015.

Given the present liquidity issues at local banks, Omagine Inc said the matter of project construction debt financing is an issue that now moved to the forefront of the agendas of all concerned.

Furthermore, as an exercise in caution, the company said Omagine LLC’s management in February travelled to Beijing and Hong Kong where they held discussions with top executives of two of China’s leading building contractors – each of which is multiple times the size of CCIC.

“These discussions are well advanced at present and negotiations with the larger of the two Chinese contractors are at an advanced stage,” Omagine Inc added.

It said that the proposal being discussed with each of such Chinese contractor is identical and includes a requirement for the award of the Omagine Project construction contract to the Chinese contractor (as a sub-contractor to CCC-Oman) if, and only if, both of the following conditions are fulfilled: (i) an investment into Omagine LLC by the contractor (or its parent company), and (ii) the Chinese contractor (or its parent company) must arrange for the project finance for Omagine Project.

Omagine Inc added the Chinese banks have no such liquidity issue and they are moreover encouraged and directed by Chinese government to support their overseas Chinese contractors in this manner.

“Management is presently cautiously optimistic that it can arrange a transaction involving both CCIC and one of the Chinese contractors which will be beneficial to all parties concerned. No assurance however can be given at this time that management will be successful in this endeavor,” it said.

Omagine Inc added an agreement has been reached with CCIC regarding a new structure of the CCC contract whereby CCC-Oman would be the general contractor and managing contractor (but not necessarily the actual builder) and would oversee and manage the Chinese sub-contractor and CCIC would be paid a fixed fee for this.

“The descriptions of the draft CCC contract as previously disclosed during 2015 are no longer accurate or operative as we have now agreed to a management type general contractor agreement with CCC-Oman based on a flat fee,” the company added.

Omagine said it has held extensive presentations and meetings with local, regional and international banks with respect to the provision of syndicated bank financing, adding “thesediscussions and negotiations are ongoing with Chinese and US-based banks since the onset of the liquidity squeeze in GCC banks.”

Read more: http://www.muscatdaily.com/Archive/Business/Omagine-in-talks-with-Chinese-contractors-for-Oman-project-4pob#ixzz49QZCoxAO

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US Department of State’s Special Representative for Global Partnerships to Discuss Collaborative Innovation for Peace Making at 10th Annual World Summit on Innovation & Entrepreneurship at United Nations $OMAG.us #TheWSIE #WSIEPartners

Posted by AGORACOM-JC at 1:31 PM on Tuesday, May 17th, 2016

Omag

NEW YORK, May 17, 2016 – UNITED NATIONS — One of Wednesday, May 18th’s sessions of The 10th Annual World Summit on Innovation & Entrepreneurship (WSIE 2016) at the United Nations’ General Assembly hall in New York City will feature a discussion about “Innovating for Peace”.

The 20-minute unscripted Innovation for Peace conversation will take place on Wednesday at 12:35 PM EDT by U.S. Department of State Special Representative for Global Partnerships, Andrew O’Brien.

Andrew O’Brien
Special Representative for Global Partnerships
http://www.state.gov/r/pa/ei/biog/209622.htm

Titled “Can We Innovate for Peace?” the discussion will center around the following theme:

Diplomacy is often thought of as a stodgy process – but like all else in this new hyper-connected world, diplomacy must aggressively embrace the innovative use of new technologies, ideas, sustainable designs, citizen-centric solutions and open innovations to enhance how policy leaders think, learn, work and partner to craft good policy outcomes – and avoid bad ones – like wars.

Open models for partnerships in this frenetically fast moving world will foster wider understanding and clearer perceptions of the other side’s interests, needs, fears and requirements — hence, better diplomatic outcomes.

WSIE 2016 is hosted in partnership with the UN Conference on Trade & Development, along with the support of the Secretary of State’s Office of Science & Technology at the Department of State.

In celebration of its 10th anniversary on May 18 – 19th, WSIE will feature panel discussions and presentations profiling the challenges and opportunities faced in seven topic areas by entrepreneurs and enterprises around the world:

(1) Design

(2) Sharing economy

(3) Energy

(4) Industrial Internet

(5) Digital life

(6) Commerce

(7) Health

10th Annual World Summit on Innovation & Entrepreneurship: New Frontiers
http://bit.ly/1R8hzsv

More than 100 presenters — designers, chief executives, innovators, entrepreneurs — will contribute to conversations about new ideas, products, experiences and transformations.

The two-day summit, themed “Celebrating the Crazy Ones: New Frontiers,” offers a bold and provocative exploration of what the future of business, marketspaces, digital trends, products, minds, machines, experiences, and transdisciplinary innovations might look like by 2020.

At WSIE 2016’s “New Frontiers,” 350 attendees — including some of the world’s eminent dreamers and doers — will plot the frontier of innovation and entrepreneurship.

Seating is limited so to ensure proper access to the United Nations Secretariat building, please confirm your attendance at www.thewsie.org/media.

All guests must be confirmed on the WSIE 2016 webpage in order to receive an access badge to UN Headquarters.

If not currently UN accredited please apply for clearance via the link below:

http://www.un.org/en/media/accreditation/request.shtml

WSIE 2016 is presented by Omagine, Inc. (OMAG) and held in collaboration with some of the world’s most innovative companies, including: Gensler, Henry Schein, Libra Group, Mastercard, HCL Technologies, Vancive, Avery Dennison and Direct Energy.

For more information about the Summit, visit www.theWSIE.org or contact Michele Wallace at [email protected], 917-741-5147.

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Smart cities concept in Oman can improve efficiency: Telecom official $OMAG

Posted by AGORACOM-JC at 12:32 PM on Wednesday, April 13th, 2016

Smart cities concept in Oman can improve efficiency: Telecom official

April 13, 2016 | 5:59 PM

By ERIK PRINS/[email protected]

Darren Tong, chief operating officer of Telecom Oman, said that that city planners, developers and businesses should take the opportunity to improve efficiency to reach the goal of a smart city. Photo – Supplied

Muscat: There is a lot of potential to improve efficiency in Oman by introducing the concept of smart cities, Darren Tong, chief operating officer of Telecom Oman said.

“Whatever it is what the city does, whether it’s water management, waste management, traffic management or car parks, there’s a lot of information out there about how things are wasted,” he said. He noted that currently, this information is not being connected and not analysed. “If you do that, you can find means to improve,” he said.

Tong explained that the concept of smart cities is all about reducing waste, improving time management and optimising human interactions. He said that exchanging ideas and knowledge can be made easier by improving connections between people.

“We are having trouble with meeting each other because we are stuck in traffic jams, have trouble connecting with each other because servers are down.

Also, smart technologies can help reduce waste of electricity and water. We are wasting energy because every room has an air condition while not all rooms are occupied,” he said. “Since water in Oman is desalinated and there is no electronic monitoring with electronic meters, when the water leaks, it just flows away and is wasted,” he said.

He said that digitalisation would help here, by connecting sensors with 3G technologies and a data centre absorbing all the information. The information can then be analysed to find ways to optimise the process.

Tong said that city planners, developers and businesses should take the opportunity to improve efficiency to reach the goal of a smart city. “If you identify the needs and certain areas of inefficiency, as an entrepreneur we can go and address it,” he said.

He said that Oman is in a starting stage of introducing smart cities. “Right now, nothing is connected, nothing is studied or analysed. The potential however, is to cut your energy costs by half,” he said.

“Smart city is a way for Oman to participate in the digital economy, train its human resources and take advantage of using data to make government services more efficient.”

He said that Telecom Oman, which is seeking a licence to operate as a third telecom operator in Oman, can provide the infrastructure to help stakeholders make this move towards more efficiency. He said that Telecom Oman is seeking to play a role in the development of Omagine, a new project where smart city technologies will be displayed. “This is where the technologies are showcased, tested and hopefully rolled out to the rest of the country. By 2020 we should be able to see a first version of a smart city here in Oman” he said.

He said that there is also potential for e-business to flourish in Oman.

“A lot of Omani’s are still involved with brick-and-mortar. They like to visit shops and they like to feel and hold the product,” he said. He noted that new technologies like data centres can help the industry to grow in Oman, by inviting big players in e-commerce to base their operations here.

Tong said that as a new telecom operator, it wants to be more than a provider offering phone calls and internet. “We want to be a catalyst in introducing new technologies and solutions to Oman,” he said.

He added that Telecom Oman not only wants to provide the infrastructure like fibre optic or towers, but also provide the products and services on top of it, like apps, data centres.

“Whoever wants to set up a business somewhere, we can do the mobile phone service, internet and ERP and CRS systems and other services, while the entrepreneur can focus on what he is good at,” he said.
http://timesofoman.com/article/81459/Business/Smart-cities-concept-in-Oman-can-improve-efficiency:-Telecom-official

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