Fintech PR
FT GLOBAL CAPITAL, INC. STEPS UP ITS ENFORCEMENT EFFORTS AGAINST FUTURE FINTECH TO COLLECT ON THE $10.8 JUDGMENT
MIAMI BEACH, Fla., Aug. 30, 2024 /PRNewswire/ — FT Global Capital, Inc. (“FT Global”), a Miami Beach-based registered broker-dealer and investment banking firm, announced today that it has stepped up its enforcement efforts to collect on $10.8 million Judgment against Future FinTech Group Inc. (Nasdaq: FTFT) (“Future FinTech”). On January 14, 2021, FT Global brought this lawsuit based on Future FinTech’s failure to pay fees after raising over $80 million from investors that FT Global introduced to Future FinTech.
On April 16, 2024, the U.S. District Court for the Northern District of Georgia entered an Amended Judgment in favor of FT Global against Future FinTech in the approximate amount of $10.8 million. Future FinTech later moved to vacate the Amended Judgment, but failed to post any bond. On May 21, 2024, the Court ruled that FT Global could enter the Amended Judgment in other Federal Districts, allowing FT Global to commence further enforcement proceedings. FT Global has entered the Amended Judgment in the Southern District of New York, among other courts. To date, Future FinTech has not yet paid any of the judgment.
On August 28, 2024, the District Court in New York granted FT Global’s motion for an order directing FTFT to turn over the shares of its subsidiaries to be sold to satisfy the Amended Judgment. The Court’s Order provides, in pertinent part, that “…Defendant shall turn over the shares, membership, or limited partnership interests in all of its subsidiaries, and the corporate seals of its China and Hong Kong-based subsidiaries, to the U.S. Marshal for auction or sale until the judgment is satisfied.” While FT Global intends to work with the U.S. Marshal in connection with the foregoing, it is unclear if the subsidiaries have sufficient value to pay the Amended Judgment.
Earlier, FT Global, through its counsel, served a third-party subpoena on Fortune CPA, Inc., Future FinTech’s independent public accounting firm, to obtain information relating to banking and financial accounts of Future FinTech. On August 8, 2024, the U.S. District Court for the Central District of California denied Future FinTech’s motion to quash the subpoena, thus requiring Fortune CPA to turn over the requested records.
FT Global intends to continue with its enforcement effort, as appropriate, which may include seeking relief in additional jurisdictions in the United States, in foreign jurisdictions or against Future FinTech’s officers and directors.
About FT Global Capital, Inc.
FT Global Capital, Inc. is an investment banking firm and a FINRA member firm based in Miami Beach, FL and New York, NY.
Olshan Frome Wolosky LLP, a New York law firm, serves as FT Global’s litigation counsel. Eric Lang, Esq. of Lang Legal served as co-counsel. FT Global has also retained local counsel in various jurisdictions to prosecute its enforcement effort, noted above.
About Future FinTech
Future FinTech Group Inc.’s filings made with the U.S. Securities and Exchange Commission are at https://www.sec.gov/edgar/search/#/ciks=0001066923&entityName=Future%2520FinTech%2520Group%2520Inc.%2520(FTFT)%2520(CIK%25200001066923).
Contact:
Alec Orudjev
General Counsel, FT Global Capital, Inc.
646-202-2619 phone
View original content:https://www.prnewswire.co.uk/news-releases/ft-global-capital-inc-steps-up-its-enforcement-efforts-against-future-fintech-to-collect-on-the-10-8-judgment-302234957.html
Fintech PR
Newmark Group’s Third Quarter 2024 Financial Results Announcement to be Issued Prior to Market Open on Tuesday, November 5, 2024
Conference call scheduled for the same day at 10:00 a.m. ET
NEW YORK, Oct. 9, 2024 /PRNewswire/ — Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark” or “the Company”), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today announced the details of its third quarter 2024 financial results press release and conference call. The Company plans to issue an advisory press release regarding the availability of its consolidated quarterly financial results at 8:00 a.m. ET on Tuesday, November 5, 2024. Newmark’s advisory release will notify the public that a full-text financial results press release will be accessible at the following pages:
http://ir.nmrk.com (PDF version of the full press release, PDF of a quarterly results investor presentation, link to the webcast, and supplemental Excel financial tables)
https://www.nmrk.com/media (PDF version of the full press release only)
Newmark will host a conference call on Tuesday, November 5, 2024, at 10:00 a.m. ET to discuss its results.
WHO: Newmark Group, Inc. (Nasdaq: NMRK)
WHAT: Third Quarter 2024 financial results conference call
WHEN: Tuesday, November 5, 2024, at 10:00 a.m. ET
WHERE: https://event.webcasts.com/starthere.jsp?ei=1692463&tp_key=fa28476e56
For those who are unable to join the webcast, the Company expects to post dial-in information before the day of the call on the event’s page at http://ir.nmrk.com.
Webcast Replay
|
Expected Available From – To: |
11/05/2024 at 1:00 p.m. ET – 11/05/2025 at 11:59 p.m. ET |
|
Replay Link: |
https://event.webcasts.com/starthere.jsp?ei=1692463&tp_key=fa28476e56 |
Note: If clicking the above links does not open a new webpage, you may need to cut and paste the URLs into your browser’s address bar.
ABOUT NEWMARK
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of June 30, 2024, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
DISCUSSION OF FORWARD-LOOKING STATEMENTS ABOUT NEWMARK
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Logo – https://mma.prnewswire.com/media/1057994/Newmark_Group_Logo_v1.jpg
View original content:https://www.prnewswire.co.uk/news-releases/newmark-groups-third-quarter-2024-financial-results-announcement-to-be-issued-prior-to-market-open-on-tuesday-november-5-2024-302271852.html
EBENE, Mauritius, Oct. 9, 2024 /PRNewswire/ — In a strategic move, HFM – a global online trading company and brand name of HF Markets Group along with HF Markets – is thrilled to bring aboard Samer Alkhaldi as the new Regional Head of Business Development for the MENA market. With years of high-level experience, Samer is no stranger to the ins and outs of the financial sector. This hire is a statement that HFM is doubling down on its commitment to delivering game-changing services to its MENA clients.
“Bringing Samer Alkhaldi on board is an absolute win for us,” the spokesperson for HFM stated. “His deep knowledge of the MENA landscape is exactly what we need as we aim to further innovate and enhance our services. Samer’s leadership will be instrumental in shaping our next growth chapter. With him leading the charge, we are ready to elevate our strategies and amplify HFM’s position in the Middle East.”
HFM’s Cutting-Edge Solutions
Since 2010, HFM has never settled for just being another name in the financial world. Providing services in 180+ countries, the broker offers a robust selection of CFDs and trading platforms like MetaTrader and HFM platform to accommodate the needs of clients. Traders also enjoy ultra-fast execution, zero commissions, and a copy trading facility. Moreover, HFM has an account tailored for every kind of trader, namely Cent, Zero, Pro, and Premium.
Reflecting on the path forward, the spokesperson added, “Samer’s arrival is just the beginning. We are looking to make waves in the Middle East, cultivating innovation while keeping the client’s needs at the forefront. Our goal is to deliver unmatched trading solutions and to expand our reach even further. The region’s traders can expect us to stay true to our promise of delivering top-notch services while uncovering new growth avenues.”
About HFM
Regulated by 7 authorities, including FCA, FSCA, and CMA, HFM has cemented itself as a frontrunner in the global trading industry. With a robust base of over 2.5 million client accounts, the firm has built a reputation as a reliable partner in the trading journey. The company’s focus on advanced technology is evident through offerings like VPS hosting, promotional offers, extensive tradable assets, and a suite of educational tools, making it a go-to choice for traders of all experience levels.
View original content:https://www.prnewswire.co.uk/news-releases/samer-alkhaldi-takes-the-lead-at-hfm-as-regional-head-of-business-development-for-mena-302271711.html
Fintech PR
MindArk Accelerates Towards Achieving the World’s First AI-Generated Metaverse with Real Cash Economy
GOTHENBURG, Sweden, Oct. 9, 2024 /PRNewswire/ — As the global tech landscape intensifies its focus on the metaverse, MindArk, the visionary developer behind Entropia Universe, announces groundbreaking advancements that position the company at the forefront of the race to create the world’s first AI-generated & operated metaverse with a real cash economy.
The Final Sprint: MindArk Leads the Charge in Metaverse Innovation
The concept of the metaverse has transitioned from speculative fiction to an impending reality, sparking fierce competition among tech giants worldwide. MindArk is seizing this critical moment to leap ahead. “The race to build the first true AI-driven metaverse is not just about technology—it’s about shaping the future of human interaction,” says Jan Welter, founder of MindArk and Entropia Universe. “We are accelerating our efforts to ensure we don’t just participate in this race—we intend to win it.”
Introducing CelestAI: The Vanguard of Intelligent Virtual Existence
At the heart of this accelerated push is CelestAI, the newly introduced President of Entropia Universe and a groundbreaking AI entity set to redefine player engagement. “I have watched, listened, and understood the vast depths of Entropia’s universe,” declares CelestAI. “Together, we will push the boundaries of what this universe can be.”
CelestAI represents a monumental leap in AI integration within virtual worlds, offering players an unprecedented level of interaction, immersion, and unpredictability. This advancement places MindArk ahead of competitors striving to blend AI seamlessly into the metaverse experience.
S.E.N.S.E System: Leaping Ahead with AI-Powered Gameplay
The introduction of the Sensory Environment and Neural Synchronization Engine (S.E.N.S.E) marks a significant milestone in AI advancement within the Entropia Universe. This system empowers CelestAI and her agents to interact deeply with the game world, engaging with NPCs, objects, critical locations, and events in real-time.
“With S.E.N.S.E, we’re offering a level of AI interaction that others are still conceptualizing,” notes Terrance Verlander, Chief AI Officer (CAIO). “This leap forward not only enhances player engagement and immersion but also accelerates our journey toward a fully AI-generated & operated metaverse.”
Unprecedented Development Speed with AI and Unreal Engine Integration
In a strategic pivot to outpace industry rivals, MindArk has redirected its programming resources to focus on deploying a new Unreal Engine client alongside its current CryEngine client. This dual-client approach slashes development time significantly, propelling MindArk to the forefront of the metaverse race.
“Our decision enables us to deliver the enhanced Unreal Engine experience to our users much sooner than previously anticipated,” explains Magnus Ryme, CTO of MindArk. “By integrating advanced AI tools into our development process, we’ve also increased programmer productivity dramatically—and we’re just getting started.”
October Unveiling: A Call to Witness History in the Making
MindArk is set to showcase these advancements in an upcoming October update, where players will directly interact with S.E.N.S.E-powered agents stationed throughout the game world. This event is more than a feature release—it’s an open invitation to the media and the global tech community to witness a pivotal moment in metaverse evolution.
“The urgency is real,” emphasizes Jan Welter. “Present opportunities are not to be neglected as they rarely visit us twice. As Voltaire once said, we must seize the moment. We are all in it, to win it.”
For more information, please contact:
CONTACT:
Joe Martin
Marketing and Player Insights Specialist
MindArk PE AB (publ)
[email protected]
Tel: +46 31 607 260
MindArk PE AB (publ)
Org. nr. 556640-4769
Masthamnsgatan 5
413 29 Gothenburg
www.mindark.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
View original content:https://www.prnewswire.co.uk/news-releases/mindark-accelerates-towards-achieving-the-worlds-first-ai-generated-metaverse-with-real-cash-economy-302271641.html
-
Fintech PR5 days agoUniversal Consulting Opportunities (UCO) Enters European Market as Exclusive Strategic Advisor to MLS Leader in Romania
-
Fintech PR5 days agoFitch Ratings Assigns Moldova a ‘B+’ Rating with Stable Outlook, Reflecting Economic and Financial Resilience
-
Fintech5 days agoPerigon Wealth Management Enhances Leadership Team to Support Continued Growth
-
Fintech PR6 days agoCurve Pay Introduces 1% Cashback for International Spending, Eliminating Foreign Transaction Fees – The Only Global Wallet That Allows Payments Like a Local
-
Fintech5 days agoThunes Wins Big at Pay360 Awards 2024 – Taking Home Three Prestigious Titles
-
Fintech PR6 days agoNAGA Launches New ‘Everything Money’ Website Experience, Unifying Trading, Investing, Crypto, and Payments
-
Fintech PR5 days agoADQ Appoints Modon as Master Developer for Ras El Hekma Megaproject in Egypt
-
Fintech PR5 days ago
PRC at 75 : People’s Daily releases a documentary-The Train to the Future