Fintech PR
World’s First Gold-backed Digital Gold Currency Launched in India
IBMC Financial Professionals Group, an internationally recognized financial services institution and business consultants, has joined hands with US Gold Currency Inc and Blockfills to bring the world’s first monetary gold-backed digital gold currency to India. The currency is also being simultaneously introduced in the Gulf Cooperation Council (GCC), Middle East and Africa.
For this, IBMC, which has presence in India, has partnered exclusively with US Gold Currency Inc, the issuer of the US Gold digital currency, and Blockfills, the transaction platform provider.
Each US Gold digital currency is backed by US American Eagle one ounce (33.931 gram) gold coin, minted by US Federal Agency, US Mint. The holders of the currency can redeem their digital assets as physical gold coin or in US dollars anywhere in the world.
IBMC is introducing the digital asset to customers ranging from retail and corporate investors, banks, financial institutions and sovereign wealth funds to treasuries and asset management companies.
The US Gold digital currency was launched on June 22 from Dubai at a specially designed IBMC Hybrid Event by H.E. Sheikh Khalid Bin Ahmed Al Hamed, Chairman of IBMC Financial Professionals Group and Mr Sajith Kumar PK, CEO & Managing Director of IBMC Financial Professionals Group, with the virtual presence of officials from the US Gold Currency, Asia-Africa Development Council, GSEF and Blockfills USA.
“We have seen significant demand for gold and USG is an innovative and unique digital currency backed by the American Eagle one ounce gold coin. Today’s global economic climate has further increased that demand at the institutional and retail levels. We are very happy to join hands with US Gold Currency and Blockfills in bringing the world’s first monetary gold-backed digital gold asset to India in addition to the GCC, Middle East and African markets,” said Sheikh Khalid Bin Ahmed Al Hamed.
Consumers and businesses benefit from a secure digital asset token that is not subject to the volatile swings of the markets, and from the opportunity to easily exchange their digital currency into a tangible asset, monetary gold coins produced by the US Mint. A customer can login with a secured user ID and password on the trading platform for buying and redeeming the coins.
With the launch of the digital gold currency, investors in India will have the significant opportunity to reduce the cost of their transactions as well as have the flexibility of time for making payments.
“Tackling the adverse economic effects of the COVID-19 pandemic, the launch of the Digital Gold Currency will enable companies in developing countries settle their inter-company transactions without paying extortionate fees,” said Dr. Abdul Dewale Mohammed, Deputy Director General, Asia-Africa Development Council. “As a vital transport currency, it will to a large extent help reduce and eliminate risks in business,” he added.
Larry Debry, Director US Gold Currency, said: “We are honored to be working with the leaders of IBMC and their esteemed team of professionals. Gold has been one of the most significant legacy asset classes throughout history. Just as everyone has written gold off, saying it is outdated and no longer relevant, US Gold Currency created the USG forming a futuristic and modern gold asset class for the 21st Century by marrying monetary gold with the Blockchain. USG is the ‘real’ digital gold.”
Each USGold token (USG) is backed 1:1 with an underlying physical gold coin, the US American Eagle, which is created and distributed by the US Mint. Therefore, USG token holders can redeem their tokens physically for gold coins, should they choose to forego the digital asset in their wallet. Token holders can also sell the USG on the open market through various digital asset exchanges or through Blockfills in exchange for US Dollars. USG can also be converted into several other digital assets, including BTC, ETH, USDT and more.
The US government division, the US Mint, sets the price of the underlying physical gold coin once per week, on Wednesdays. USG pricing follows this publicly available government set price.
“IBMC Financial Professionals Group is always committed to introducing innovative and credible services to the investing public. USG is easy to handle without customs barriers, easy to hold without any country restrictions, paying insurance cost or storage charges. USG is US regulated and fully online with easy account opening and operating procedures, enabling customers to avail all services of USG from their homes or office, which of course is an added advantage in the current and post COVID-19 pandemic period,” said Mr. Sajith Kumar PK, CEO & Managing Director, IBMC Financial Professionals Group.
“The professional team of US Gold Currency, IBMC Group and Blockfills will pave the strong network and base of the innovative digital asset ecosystem and fiat pairings to generations,” added Mr. Sajith Kumar.
Blockfills, a global leader in liquidity provision of digital assets for professionals and institutions and leading institutional market makers, provide liquidity for the USG Digital Gold Currency.
USG is backed by US Monetary Gold Coin and ensures true value currency. All classes of investors, including exchanges, treasuries, banks, financial institutions, corporates, HNIs and retail investors are permitted to invest in USG.
USG, the Blockchain Security Verified Currency by the authority, CertiK, USA partnering with IBM and Ethereum Foundation, will also ensure the credibility and security of USG.
“IBMC Financial Professionals, having strong market presence in GCC, Middle East, India and Africa, is ready to place USG to customers through the IBMC Global Network. IBMC’s market reach and network will ensure adequate support and services to our global retail and institutional customers,” said Mr. Anoop PS, CBO and Executive Director, IBMC Financial Professionals Group.
“Bringing the USG Digital Asset Currency to the public markets is a result of the great partnership that we have with US Gold Currency and IBMC. Over the past year, we experienced a growing demand for gold as a digital asset. Today’s global economic climate has further increased that demand. We look forward to building a thriving business through our valued partnership with IBMC and US Gold,” said Mike Pearson, Senior Vice President, BlockFills, USA.
The IBMC Hybrid event was virtually attended by Mr. Mark Bensen, Founder, US Gold Currency, USA, Mr. Lawrence S Debry, Principal, US Gold Currency, USA, Dr. Abdul Dewale Mohammed, Deputy Director General, Asia-Africa Development Council, Executive Chairman ASGON, GSEF, UK, a Signatory to United Nations Global Compact, Mr. Mike Pearson, Vice President, Blockfills, USA, and Mr. Anoop PS, CBO & ED, IBMC Financial Professionals Group.
STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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