ANGI Homeservices aims to be Amazon of home upkeep


ANGI Homeservices Inc. on Thursday reported third-quarter earnings and wrapped up a year-long merger process, meeting or beating analyst expectations in the process.

Now, with a new CEO at the helm, the online home-services marketplace is thinking bigger. For investors willing to go along for the ride, Brandon Ridenour is setting his sights on revolutionizing home repair and renovations in the same way that Jeff Bezos reshaped retail.

ANGI Homeservices ANGI, -5.98% is a marriage of Angie’s List, the subscription and review-oriented directory of service providers, and HomeAdvisor, an online marketplace matching customers to those independent contractors.

The merged company has seen service requests in the third quarter rise 28% as compared with a year before, to 6.4 million, the company said in its earnings release. The challenge has been finding the supply — enough plumbers, plasterers, gardeners, flooring experts and so on — to meet demand. ANGI has leveraged big data and its online platform to address that challenge, by offering service providers access to jobs they may not be known for, for example.

The company’s supply-demand dynamic invites comparisons to Uber, which leverages an online platform to match in-need riders with available drivers.

But Ridenour appears to believe ANGI’s potential is much bigger than that. Only about 10% of U.S. home-services providers operate online, according to an ANGI estimate. That means 90% of the industry is ripe for conversion. And with millennials — “digital natives,” Ridenour noted — becoming homeowners in droves, it’s a perfect match, not just for one-offs like a clogged sink, but as an overall shift in how Americans care for their homes.

In fact, Ridenour and departing CEO Chris Terrill, who led Match.com MTCH, -7.17% in its early days, see uncanny parallels between the early days of online dating and the current moment in ANGI’s life cycle. Early online daters were trying something new, and untested, and were often reluctant to talk about it, Terrill said. Now, a decade or so later, it’s practically the norm.

In the same way, a younger generation of homeowners who have never received an Angie’s List mail solicitation or thumbed through the Yellow Pages could help drag an offline, word-of-mouth based industry into the cloud.

(Both ANGI and Match are part of IAC IAC, -5.80% , which controls 98% of the voting interest in ANGI.) 

Analysts are largely impressed. “The growth in capacity and improvement in capacity utilization are showing just how much value they bring into the ANGI ecosystem,” wrote Wedbush analysts Friday, with revenue-per-service-provider growth of 14% in the third quarter, up from 7% in the second quarter and 3% in the first quarter. “That means ANGI is bringing on higher-quality service providers that spend more on the platform as they have the capability to service more customers.”

Wedbush has an outperform rating on the stock, and, while the firm cut its price target in anticipation of the company spending more to grow and improve its platform, the current 12-month price target of $24 suggests 35% upside.

Raymond James analysts took the same approach, keeping an outperform rating on the stock but cutting the price target to $23 from $25. “ANGI’s 2017 [earnings] goal of $270 million initially faced investor skepticism,” they wrote. “Yet management delivered on its goal while driving revenue outperformance. Having demonstrated the margin potential, management believes it is prudent to reinvest organically and via M&A (i.e. the Handy acquisition) to drive the next phase of growth in a $400 billion total addressable market.”

For Ridenour, the “next phase” is just one step toward his long-term vision. “I see us doing what Amazon did, restructuring an entire segment of the economy,” he told MarketWatch.

ANGI shares fell nearly 6% on Friday but have still gained over 60% this year.

Disclaimer/ Disclosure: Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

For more information: https://www.marketwatch.com/story/angi-homeservices-ceo-says-company-aims-to-be-amazon-of-home-upkeep-2018-11-09

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BestNPet, Inc. To Spin-Off Subsidiary to Management Team


Pupco Brands, Inc. to focus on premium consumable pet products business

DALLAS, Nov. 13, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE —

BestNPet, Inc. (OTCMKTS: BPET) has spin-off its Pupco Brands, Inc. subsidiary to Paul Lien, President/CEO and other members of the company’s senior management team. The Company has appointed Garrett Vogel as a director and its new president and Dana Herrick as Secretary and a director. Mr. Lien has resigned all his positions with the Company, and will serve as President and CEO of Pupco Brands, Inc.

“Shareholders representing the majority of shares outstanding in BestnPet, Inc. proposed a spin-off to my management team, of 100% of the shares in Pupco Brands, Inc.,” said Mr. Lien. “Their desire to expand the company into non-pet industry related business opportunities is incongruent with our sole focus of building a top-tier world-wide company that develops and manufactures premium consumable pet products. We wish them nothing but the best as we transition Pupco Brands today to the private sector.”

Mr. Hettrick stated, “Mr. Lien assembled top-notch management and product development teams and has extensive experience, expertise and contacts in the consumable pet product business. We’ve retained all non-pet CBD products and business in BestNPet, Inc., but my mandate from the shareholders is to use our existing infrastructure to identify and develop new business prospects for the Company.”

The Company announced it will change is name to reflect its new market focus and introduce its new management team over the next few weeks.

For more information: https://globenewswire.com/news-release/2018/11/13/1650474/0/en/BestNPet-Inc-To-Spin-Off-Subsidiary-to-Management-Team.html

Disclaimer/ Disclosure: Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

$IONI I-ON Communications Share Price Selling Far Below True Value


Summary

  • We believe the share price is current undervalued due to exiting legacy shareholders from Evans Brewing Company. The company reversed merged in February 2018.
  • Corporate management believes the share price will self correct over time and steadfastly refuses to engage in share buyback program to support legacy shareholders who wish to exit.
  • Recent Company guidance is of no interest to investors.
  • $IONI Share price with 3.4 million float (as of 10.05.2018) and no dilution should easily maintain a daily $4-6 price range.

 

About I-ON Communications Corp.

I-ON Communications, Corp, (OTCQB:IONI) is a Seoul, South Korea-based enterprise software company founded in 1999.  I-ON has sold to over 1,000 mid to large clients across numerous verticals in both the private and public sectors, primarily throughout South Korea, Japan and Southeast Asia. The Company has 11 products at market that enable clients to create, measure, and optimizes digital experiences for their audiences across marketing channels and devices.  I-ON’s large R&D team has designed and developed industry-leading technologies that are compliant with global standards including GS (Good Software) and NET (New Excellent Technology), while holding numerous domestic and global industry awards and recognition from the likes of Gartner and Red Herring.

mergerReverse Merger

As set forth in a Current Report on Form 8-K filed on February 1, 2018, the Company consummated the Merger Agreement with I-ON and I-ON Acquisition Corp., a wholly-owned subsidiary of the Company, which merged with and into I-ON in a statutory reverse triangular merger, with I-ON surviving as a wholly-owned subsidiary of the Company.

Following the consummation of the Merger, and upon the issuance of the merger shares and the shares to be issued in connection with the Spin-Off, the Company will have approximately 32,000,000 shares of Common Stock issued and outstanding and the I-ON shareholders will beneficially own 26,000,000 shares, or approximately eighty-one percent (81%), of such issued and outstanding Common Stock.

20172017 Full Year Highlights

Total revenue came in at $9.2 million versus $9.2 million in 2016 and was composed predominantly of royalty, licensing and customized solutions and services. Major customers in 2017 included Korean Broadcasting System, Hyundai AutoEver, JoongAng Ilbo, Samsung, and the KPGA among many others. I-ON’s top ten customer contribution approximated 52% of total revenue, consistent with recent trends. Gross income was $3.0 million versus $4.5 million in 2016 due partially to a shift in revenue mix and timing of new product launches, while operating expenses declined to $2.4 million from $3.5 million owing to less R&D to pivot more towards direct sales, marketing of newly launched products, and international expansion efforts. Operating income, as a result, came in at $586,679 versus $1.0 million in 2016 and comprehensive income was $766,803, in line with the prior year.

businessman-with-a-great-idea_1012-219Healthy Balance Sheet

As of December 31, 2017, I-ON held total cash and equivalents of approximately $3.1 million, working capital of $6.7 million and total current assets of $8.6 million, a 14% year-over-year (y/y) increase. Total assets grew to $10.2 million from $9.2 million. Current liabilities grew slightly y/y to $1.9 million from $1.8 million, while long-term debt of $280,007 remained negligible and relatively unchanged. The Company also has available lines of credit with financial institutions for up to $3.7 million, of which there were no outstanding balances as of the end of 2017. Shareholders’ equity increased 11.4% to $8.0 million from $7.1 million in 2016.

2017_OutlookBusiness Outlook

I-ON remains optimistic about the health of its business prospects based on existing engagements and initiatives taking hold, as well as the intermediate to long-term secular growth trends reflected across the digital marketing ecosystem.

As a result, the Company is maintaining its 2018 revenue guidance of $15-17 million, which assumes, as part of its stated strategy, the consummation of one acquisition by the end of 2018 and modest double digit organic growth. The Company is also implementing a plan to attain a revenue target of $25-30 million by the end of 2019, which would reflect an improving revenue mix and higher y/y gross and operating margins, above 40% and 15%, respectively.

arr10A Buying Opportunity

I-On Communications has a healthy balance sheet, no convertible notes, 3.7 million in untapped bank lines and 8 million in shareholder equity. The company is well positioned to raise capital growth and is seeking to uplist to either the NASDAQ or NYSE in early 2019.

The current share price ($1.40 range) is selling far below book value and will continue to do so till the company attracts new investors and divests itself of the outgoing legacy shareholders. $IONI management will have to address the share price if they wish to uplist to a higher exchange.

Disclosure: I am/we are long IONI, I-ON Communications, Inc.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking_Alpha_-_logoFor more information: https://seekingalpha.com/ION Communications share price selling far lower than true value

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Brent Crude Oil Tops $80 A Barrel


Brent crude oil tops $80 a barrel as market grows more concerned about Iran sanctions

Brent crude oil on Thursday topped $80 a barrel for the first time since November 2014, as the market grew concerned that the Trump administration’s effort to sanction Iran’s crude exports could be more successful than originally thought.

05_price_-_300_1
Oil prices hit $80 a barrel for the first time since November 2014

Brent, the international benchmark for oil prices, hit a session high of $80.33 a barrel on Thursday, its strongest level since Nov. 24, 2018. The contract was up 91 cents at $80.19 by 11:17 a.m. ET (1317 GMT).

U.S. West Texas Intermediate crude rose 40 cents to $71.89 a barrel. WTI earlier hit a high going back to Nov. 28, 2014 at $72.30 a barrel.

President Donald Trump announced last week he would withdraw the United States from the Iran nuclear deal and restore wide-ranging sanctions on Iran. His administration is gave companies 90 to 180 days to wind down current business with Iran subject to sanctions.

105046532-3ED3-WEX-030618-JohnKilduff.720x405
Prices rose on concerns that Iranian exports could fall

The market is becoming convinced that Trump will be able to disrupt crude exports after his administration slapped sanctions on the head of Iran’s central bank earlier this week, said John Kilduff, founding partner at energy hedge fund Again Capital .

“That showed that he’s not kidding around. It’s very much a forward-leaning, aggressive strategy against Iran,” he said.

A debate had raged in the market over the effectiveness of the sanctions, largely because China and key U.S. allies in Europe still support the nuclear deal. While some analysts said sanctions could wipe 1 million barrels per day of Iranian crude off the market, others said the impact would be limited to fewer than 500,000 barrels a day.

The Trump administration ultimately took a tougher stance than many expected, restoring all sanctions that were in place prior to their suspension in 2016.

default_news
Fewer exports would reduce supply in an already tightening market

The European Union is exploring ways to protect the continent’s companies, but the market is losing faith that Washington will issue sanctions waivers to the shippers, insurers and financial institutions necessary to bring Iranian oil to buyers, according to Kilduff.

“It’s not clear right now, but it’s becoming clearer that they will have a problem and oil will be coming off the market,” he said.

France’s Total on Wednesday warned it might abandon a multibillion-dollar gas project in Iran if it could not secure a waiver from U.S. sanctions, casting further doubt on European-led efforts to salvage the nuclear deal.

PDVSA-Foto-archivo_NACIMA20160128_0057_6Meanwhile, concerns are mounting over falling output in Venezuela after ConocoPhillips moved to seize the assets of Venezuelan state oil giant PDVSA.

“The screws are really tightening on Venezuela,” Dan Yergin, vice chairman of IHS Markit, told CNBC on Wednesday.

thumbnailimage.imgAlso boosting the market, the U.S. Energy Information Administration reported on Wednesday that oil in storage in the United States fell more than expected, dropping by about 1.4 million barrels. Stockpiles of refined products like gasoline and distillates also fell.

The United States is approaching the summer driving season, when refineries typically draw down inventories to meet increased demand at the gas pump.

indexHowever, the Paris-based International Energy Agency on Wednesday warned that recent strength in demand for oil could soon moderate. The adviser to developed nations knocked down its 2018 forecast for growth in demand from 1.5 million barrels a day to 1.4 million barrels a day in its monthly report.

“While recent data confirms strong growth in 1Q18 and the start of 2Q18, we expect a slowdown in 2H18 largely attributable to higher oil prices,” IEA said.

The agency also sees higher oil prices providing an incentive for U.S. drillers to pump more crude. It raised its expectation for U.S. oil output growth for 2018 by 120 thousand barrels a day.

The United States is now pumping more than 1.7 million barrels a day, according to the latest preliminary weekly reading from EIA. The nation’s drillers are quickly closing in on top producer Russia, which pumps about 11 million barrels a day.

cnbc-logo-transparentFor more information: CNBC.com/oil-markets-brent-edges-closer-to-80-per-barrel

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Symantec Corp. Share Price Crashes Over News Of Internal Investigation


Such investigations “almost never finish completely without issue” wrote one analyst, as stock plunges -34%

By

Like a computer virus, the bad news for Symantec Corp. (NASDAQ: SYMC) investors came all at once.

symanticShares of the cybersecurity software company plunged 35% in Friday morning trading to put them on track for their biggest one-day decline in 17 years and second-biggest loss in 29 years as a public company. The move came after management said late Thursday that the company’s audit committee was conducting an internal investigation into claims made by a former employee. Also hurting matters was that Symantec SYMC, -33.10%  issued a weaker-than-expected forecast for the current fiscal year and quarter.

FactSet Research Systems Inc. logo.pngAt least five analysts downgraded their ratings on Symantec’s stock, according to FactSet, and MarketWatch counted one more who was not in FactSet’s database. Just four of the 30 analysts who cover the stock rate it a buy, while 23 rate it a hold and three call it a sell, according to FactSet.

sym 465btig-logo“The fog created by an internal investigation of the company led by the audit committee of the board, with no semblance of detail provided to investors, overshadows everything else in Thursday’s Q4 and FY 2018 earnings,” wrote BTIG analyst Joel Fishbein, who downgraded the stock to neutral from buy. He was troubled by the fact that Symantec canceled analyst call backs and declined to take questions during the company’s earnings call.

norton llFishbein also pointed to the company’s lower-than-expected quarterly and annual outlook, which came as somewhat of a surprise to him given that Symantec seemed to be making some progress with the enterprise segment of its business.

“The Q1 and FY19 guidance, which imply a ~20% decline for Q1 and ~10%-11% decline for FY2019, make us wonder what, beyond accounting changes, is going on in the business,” he wrote.

Symantec’s investor relations chief said at the beginning of the company’s earnings call that “financial results and guidance may be subject to change based on the outcome of the audit committee investigation.”

Piper Jaffrey logo2.jpgThat disclosure gave Piper Jaffray analyst Andrew Nowinski pause. “Despite the strong results, we believe this investigation creates too much uncertainty to have confidence in management’s FY19 guidance, as this could affect historical results and future demand trends,” he wrote. Nowinski downgraded Symantec shares to neutral from overweight and lowered his price target to $24 from $32.

Moffett Nathans logo.pngMoffettNathanson analyst Adam Holt argued that trends already aren’t great at Symantec and “may get much worse” due to the internal investigation. “In our experience, they generally do, especially with highly acquisitive businesses,” he wrote. Such investigations, whether on an internal, external, or SEC level, “almost never finish completely without issue.”

Multiple-Antivirus-LogosHolt was also struck by management commentary on the potential for merger activity going forward. “Given the slowing growth in the enterprise where there are questions about share losses, the longer term relevance of the proxy server and the diminishing impact of product cycles, Symantec will likely have to do more deals and possibly a bigger one,” he wrote. Holt said that this concerns him given high multiples in the security industry and the high likelihood that a potential deal would be margin dilutive.

decrease.pngAs for the latest numbers, Holt calculated that short-term enterprise billings fell 15% in the most recent quarter. “Our checks suggested that Symantec was pushing multi-year deals, some as long as seven years, and durations…have been propping up billings growth, which isn’t sustainable.”

rs-143951-20120918-wallst-624x-1347983526Holt downgraded his rating to sell from neutral. He has a $20 price target on the stock.

Symantec’s stock is now trading at its lowest level since June 2016. Shares are down 39% over the past 12 months, while the S&P 500 SPX, +0.17%  has gained 13%.

CridtSights logo.gifThe company’s bonds tracked the stock price movement, prompting CreditSights to upgrade them to outperform from market perform.

seagate-logo.jpg“Symantec’s 2025s have widened by about 55 basis points since last night and are now yielding 5.5%, which is similar to Seagate and the BB index i.e. wider than most crossover tech credits,” analyst Jordan Chalfin wrote in a commentary.

Crossover credits are those that carry both investment grade and high-yield, or “junk,” credit ratings. Chalfin said his rating is “not for the risk-averse, as we have very limited information on the internal investigation.

He added that Symantec has been delivering and plans more debt reduction in fiscal 2019.

MArket Axxess logoSpreads on the 3.950% notes that mature in June of 2022, widened by 135 basis points to 250 basis points over comparable Treasury’s, according to MarketAxess. The price fell 5 points to 94.983 cents on the dollar to yield 5.333%, according to MarketAxess.

About Symantec Corporation:

Symantec_logo1 PNG.pngSymantec Corporation (NASDAQ: SYMC), the world’s leading cyber security company, helps organizations, governments and people secure their most important data wherever it lives. Organizations across the world look to Symantec for strategic, integrated solutions to defend against sophisticated attacks across endpoints, cloud and infrastructure. Likewise, a global community of more than 50 million people and families rely on Symantec’s Norton and LifeLock product suites to protect their digital lives at home and across their devices. Symantec operates one of the world’s largest civilian cyber intelligence networks, allowing it to see and protect against the most advanced threats.

For additional information visit the corporate website at: symantec.com or connect with us on Facebook, Twitter, and LinkedIn.

marketwatch-logo_copyFor more information: marketwatch.com/symantec-stock-downgraded-about-internal-audit

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Flavored CBD Gummie Product To Be Offered By HempLifeToday.com


HempLife Today Enters the Nationwide Legal Full Spectrum CBD Edibles Gummies Market With a Nationwide Rollout in May

Denver, CO. Globe Newswire

HLT1Ubiquitech Software Corp. (Otc: UBQU) through its operating subsidiary HempLifeToday.com, announces the imminent offering of its newest CannazALL™ CBD product derived from legal Hemp. The New CBD Gummies will be available on the HempLifeToday.com Website by the end of May. The Gummies will come in a variety of delicious and popular flavors. The company, which has been in product development over the last several months, intends to announce more exciting and healthy CBD products in the coming weeks.

HLT2.pngThe CBD Gummies are scheduled to be on the HempLife Today Website by May 30th, and the Company will be tapping into the lucrative edibles market for full spectrum hemp products as well as CBD hemp products.

This will be the first new product to launch in 2018 and the Company will be announcing additional new products throughout the summer. The Company will keep shareholders informed of these additions as they come to fruition.

CannazAll CBD LogoCEO James Ballas said, “We are very busy bringing our new products to the HempLife Today Website, and we believe we will make up for some shortfalls the last quarter by doing so as the new products under development will open up many new avenues of marketing and bring more people to the awareness of our CannazALL CBD products. We have big things to come and are already expecting 4th quarter 2018 to be our biggest quarter yet.”

HempLife Today™ is expecting to continue to capitalize on the surging Cannabis market that many are projecting to reach 18 billion per year by 2021. With a strong percentage of this contributed to hemp based products the Company expects to continue its growth by offering quality CannazALL™ hemp derived CBD, and full spectrum hemp products to the public.

HLT4.png

The Company has initiated additional shareholders services and many shareholders have already reached out to our investor relations liaison Craig Fischer for corporate updates. The company intends to update on additional new product offerings throughout May, and will also have news on its new division called CryptoBuy™ in the near future.

About Ubiquitech Software Corp.:

Ubiquitech-Software-Corp-LOgO 990x309Ubiquitech Software Corp. (Otc: UBQU), through its subsidiaries is a dynamic multi-media, multi-faceted corporation utilizing state-of-the-art global internet marketing, DirectResponse (DRTV) Television, Radio, Internet Content, and traditional marketing to drive traffic to the new and emerging multi-billion dollar industries like its subsidiaries HempLifeToday™ and CryptoBuy.com

About HempLife Today™:

HLT3HempLifeToday™ focuses on the exciting and dynamic new thinking in the world today that recognizes the important health and life enriching enhancement that CBD Oil from the Hemp plant can bring. Through its network of quality USA growers HempLifeToday.com™ has developed multiple and proprietary CannazALL™ CBD oil products that include; It’s popular CBD Tinctures, Concentrated Oils, GelCaps, Skin Salve, e-liquid, and CannazALL Pets™ CBD products all offered @ HempLifeToday.com

About CryptoBuy:

Cryptobuy logoCryptoBuy.com focuses on the burgeoning new world of Crypto Currencies and is created to be a service to persons interested in tracking and trading the many existing and future Crypto Currencies worldwide.

Globe Nasdaq-APOFor more information: globenewswire.com/HempLife-Today-Enters-the-Nationwide-Legal-Full-Spectrum-CBD-Edibles-Gummies-Market

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Eddie Lampert Wants To Buy Sears Kenmore Brand


Walter Loeb

Let’s be realistic. Eddie Lampert, chairman of Sears Holdings (NasdaqGS: $SHLD), is not a merchant, and as a portfolio manager and investor, he has missed the mark. He has now announced to his board that his ESL hedge fund wants to buy the Kenmore brand and other assets from Sears Holdings.

sears 1Sears Holdings has slimmed down and reported sales in fiscal 2017 of $16.7 billion, from $22.1 billion the year before. The company reported a loss of $383 million or $3.57 a share. Of course, in his letter to shareholders, Lampert promised a transformation, which most investors could not believe.

He wants to acquire, through ESL Investments, the leading home appliance brand, which is Kenmore. In addition, Lampert also wants to acquire Sears Home Improvement Service (SHIP) and the PartsDirect business. Basically, he is treating Sears assets like a typical portfolio manager by selling pieces of a dying company. Lampert indicated that he is willing to pay $500 Million SHIP and PartsDirect.

Sears-logo-80D16A6CCE-seeklogo.comTrust in Sears was always based on three exclusive, quality brands. They were Kenmore appliances, Diehard batteries and Craftsman tools. Craftsman tools have been sold to Stanley Black & Decker for an estimated $900 million. It helped Sears’ cash flow but robbed it of a valuable, exclusive destination merchandise. I understand the new owners have expanded the line with new items that are very successful.

Lampert also sold Diehard batteries, which were exclusive at Sears and drew a lot of praise. In short, the attraction to shop at Sears is gone. The valuable brands that generated a lot of business for Sears are available on Amazon and everywhere else.

Sears 3.jpgI believe that the sale sale of the Kenmore brand could bring in about $800 million. That is no surprise since one-third of American home have these appliances in their home. The quality brand was introduced in 1927, and Whirlpool was and is the main manufacturer. Electrolux has also supplied some models. Home Depot, Lowe’s, Amazon and others have been aggressively chipping away at Sears’ dominance to gain business. Today, customers wonder if they can trust buying from the dying swan.

I believe that Lampert thinks he is trying to throw Sears a lifeline by selling assets. I respectfully disagree with his method. You do not sell valuable brands to competition. You do not tear down the company unless his strategy is to close more stores and give Seritage Holding the opportunity to rebuild their malls with valuable tenants.

I believe a strong, flamboyant merchant with youthful savvy could make Sears a fashion destination. Instead, Sears has sold some locations to Primark, which will benefit by generating increased customer traffic in excellent locations.

ForbesComLogo-300x150For more information: forbes.com/sears-eddie-lampert-wants-to-buy-kenmore

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Notion Integrates with HomeAdvisor® for Instant Water Leak Support


Notion Smart Home Sensor taps HomeAdvisor to help homeowners take immediate action and mitigate damages at the first sign of water

Denver/ PRNewswire

PlumberNotion, the complete home awareness solution powered by a multi-purpose IoT smart home sensor, today announced a first-of-its-kind integration with HomeAdvisor, the Colorado-based marketplace connecting homeowners to prescreened professionals for home projects. The integration with HomeAdvisor, called Plumber Matching, marks Notion’s first partnership with a service provider to enable homeowners to immediately contact a local and available plumber when a water leak is detected.

Notion’s low-cost and easy-to-install home monitoring system gives homeowners the flexibility to monitor and receive real-time alerts on things happening across their entire home—from motion and temperature changes to sounding alarms and water leaks. By utilizing HomeAdvisor’s “Instant Connect” technology, Notion has layered on professional services to empower users to take action on water-related events quickly and easily, before significant damage occurs.

Here’s how Notion’s Plumber Matching works:

  1. When Notion detects a water leak, a homeowner receives a notification with an option to connect instantly with a professional plumber.
  2. After the homeowner fills out their contact information, HomeAdvisor’s technology matches them with an available plumber.
  3. Once matched, the plumber will call the homeowner directly to schedule service.

iphone“We’re thrilled to partner with HomeAdvisor to solve real problems for homeowners and amplify what they can do to make their home as safe as possible,” said Brett Jurgens, CEO and co-founder of Notion. “We’ve started with Plumber Matching knowing that water is the biggest threat to a home, but we’ve only scratched the surface of what’s possible. We’re excited to roll out our partnership with HomeAdvisor to deliver a more fully automated and stress-free life to homeowners across the country. This is what home automation should really be about.”

Insurance Information Institute LogoAccording to the Insurance Information Institute, about one in 50 insured homes has a property damage claim caused by water damage or freezing each year, and results in an average insurance claim of $8,000. The integration between Notion and HomeAdvisor bridges the gap between major home damage and the challenge of finding a trusted professional to quickly resolve the incident, assess damages, and start repairs.

ANGI-Logo-300x186-BlueIn addition to its integration with HomeAdvisor, today Notion is also launching multi-user support, enabling a homeowner to share access to their Notion system with other people they trust, like family members or neighbors. The feature will allow additional managers to monitor a home’s activity and set individual alert preferences.

Since its public launch in 2016, Notion has delivered more than nine million peace of mind messages to homeowners and has helped them save more than $1 million in property damages in the last year alone.

About Notion:

notion-logo-blackNotion helps people protect the things they love most with an all-in-one smart home sensor, mobile app, and advanced data science. Notion detects water leaks, sounding smoke alarms, temperature changes, doors, garages and windows opening and closing, and more. More than home security, Notion delivers real-time peace of mind.

For more information please visit:  getnotion.com

About HomeAdvisor:

HomeAdvisor® (NASDAQ:ANGI) is a digital marketplace evolving the way homeowners connect with service professionals to complete home projects. With HomeAdvisor’s on-demand platform, homeowners can find and vet local, prescreened home service professionals; view average home project costs using True Cost Guide; and instantly book appointments online or through HomeAdvisor’s award-winning mobile app, which is compatible with all iOS, Android and virtual assistants. HomeAdvisor is based in Golden, Colo., and is an operating business of ANGI Homeservices.

For more information: homeadvisor.com

For more information: https://www.prnewswire.com/homeadvisor-partnership-pairs-smart-home-technology-with-plumbing-services

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

BlueLinx Acquisition of Cedar Creek Completed


Atlanta and Oklahoma City, Globe Newswire

BlueLinx (NYSE:BXC), a leading distributor of building and industrial products in the United States, today announced that it has completed its previously announced acquisition of Cedar Creek, a leading building products wholesale distributor specializing in a wide variety of building products.

BlueLinx customersThe combination of BlueLinx and Cedar Creek creates one of the largest wholesale distribution companies in the building products industry, with combined revenue of approximately $3.2 billion in 2017. With one of the largest product offerings in the industry and over 70 locations, the combined company will utilize its broad footprint to better serve its extensive network of customers.

steellinx_about_us“We are pleased to announce today that we have finalized the strategic acquisition of Cedar Creek which marks a new, transformative era for our company,” said Mitch Lewis, President and Chief Executive Officer of BlueLinx. “We are in an even stronger position to continue to drive growth, deliver differentiated value to our customers and suppliers, and generate strong returns for our shareholders.”

Cedar_Creek truckAlex Averitt, recently appointed Chief Operating Officer of BlueLinx, said, “The Cedar Creek family is pleased to join forces with BlueLinx, and we are confident that the combination of our companies creates significant value for all our stakeholders.  Our deep and unyielding commitment to our customers and focus on organic growth will be the driving force as we achieve our goal of becoming the leading wholesale building products distributor in the United States.”

BlueLinx used net proceeds from debt issuance under its amended $750 million ABL revolving credit facility (inclusive of a $150 million accordion) and a new $180 million term loan to fund the purchase price, repay debt and to pay certain related transaction fees and expenses.  Excess availability under the ABL and cash on hand as of the closing approximated $157 million.

About BlueLinx:

BlueLinx Logo ReversedBlueLinx Holdings Inc., operating through its wholly owned subsidiary BlueLinx Corporation, is a leading distributor of building and industrial products in the United States. The Company is headquartered in Atlanta, Georgia and operates its distribution business through its broad network of distribution centers. BlueLinx is traded on the New York Stock Exchange under the symbol BXC. Additional information about BlueLinx can be found on its website.

Visit the corporate website at: BlueLinxco.com

About Cedar Creek:

Cedar Creek LogoCedar Creek, established in 1977 as wholesale building materials company, provides building products for the heart of America. The Company is headquartered in Oklahoma with operations in the United States, offering a wide range of products that vary by region.

Visit the corporate website at: CedarCreek.com

For more information: globenewswire.com/BlueLinx Completes Acquisition of Cedar Creek

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

truCrowd, Inc. Sells Equity Stake to Digital Arts Media Network, Inc.


truCrowd Sells Stake to Public Growth Accelerator

Chicago, IL, Globe Newswire

truCrowd, Inc., owner and operator of Regulation CF crowdfunding portal truCrowd.com, announced today that the Company has executed an agreement with Digital Arts Media Network, Inc.  (DATI), to sell to the Public Accelerator-Incubator (PAI), an equity stake of up to 39.89% percent in the Company, in an effort to grow the SEC registered, FINRA member crowdfunding portal.

DATI pic 1.png

BlockchainVincent Petrescu, President of truCrowd, Inc., said, “We have strategically aligned the company with DATI in an effort to ramp up the successes we’ve had so far.  We also look to properly take advantage of the surge in those blockchain related projects looking to work within the current framework of the SEC. We believe that by taking responsibility for our own social and cultural output, promoting the appropriate use of Reg. CF portals, we can both support traditional capital formation and Reg CF compliant blockchain related projects.”

Angel investor concept with businessman with wingsDATI is a specialized tech accelerator focused primarily on expediting capital formation by providing angel and early-stage investors access to liquidity, faster.  As part of DATI’s Invest+ program, the Public Accelerator-Incubator has purchased a 19.9% equity stake in truCrowd which will vest over 6 months, with an option to acquire an additional 19.99%.  DATI will also provide capital formation services to the Company through its Angels+ program.  The deal was made with the anticipation (by both managements) that truCrowd, being 1 of only 38 Reg. CF portals  currently registered with FINRA, would be able to better leverage management’s long-standing experience in the crowdfunding space, along with the portal’s current success in meeting client’s/issuer’s capital targets, if a strategic partner could assist with financing, deal flow, business development and execution.

startengine-CF-logoMr. Petrescu concluded, “We see the StartEngine as an example of what truCrowd can accomplish as a starting point with the right strategic alliances.  With 87,000 registered users and an estimated valuation of $65M dollars, StartEngine has raised roughly $35M for clients, leveraging a combination of Reg. D, Reg. A+ and Reg. CF.  Through our relationship with DATI and the experience its team brings from the public markets, startup community, and venture capital markets, we are confident that we can achieve great success and build truCrowd into a prosperous enterprise.”

It is important to note, the parties to the transaction are requesting comments from truCrowd’s regulatory body prior to consummating the transaction.  Accordingly, the parties may be required to eliminate or modify some of the provisions of the transaction prior to the final closing.

About truCrowd, Inc.:

trucrowd logoLocated in the heart of the financial district of downtown Chicago, truCrowd is a FINRA member equity crowdfunding portal operating under Regulation Crowdfunding (Title III of JOBS ACT); connecting startups and emerging businesses with non-accredited and accredited investors. Built on the belief that not all businesses and investors are alike, we pride ourselves on delivering a personalized and professional funding experience through industry-leading technology.

Please Visit our Corporate Website at: us.truCrowd.com

About Digital Arts Media Network, Inc.:

digital arts network PNG.pngDigital Arts Media Network, Inc. (OTCMKTS: DATI) is the first company to utilize the Public Accelerator-Incubator (PAI) model, with the intent to follow the global success of accelerators and incubators around the world, adding niche opportunities to both the microcap and startup communities. As a PAI, Digital Arts Media Network will develop and acquire innovations that solve problems through digital platforms and other electronic applications.

Twitter: twitter.com/DigitalArtsDATI
LinkedIn: linkedin.com/digital-arts-media-network
Facebook: facebook.com/DigitalArtsMediaNetworkDATI
Medium: medium.com/@DigArtsMedNet

Globe Nasdaq-APOFor more information: globenewswire.com/truCrowd-Inc-Sells-Stake-to-Public-Accelerator

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.