Market Newsdesk

SAN DIEGO, Dec. 16, 2020 /PRNewswire/ — Nuvve Corporation, a San Diego-based, green energy technology company and a leader in vehicle-to-grid (V2G) technology, and IoTecha Corp., an industry leader in electric vehicle (EV) smart charging technology, are joining forces to deploy and commercialize a bidirectional charging solution for electric vehicles with the Combined Charging Standard (CCS) plugs supporting the ISO/IEC15118 protocol. This approach allows automotive OEMs using the CCS plug for their vehicles to enable bidirectional energy flow on their vehicles when coupled with IoTecha and Nuvve technology. Future versions of the standard will be supported by over-the-air software updates.

The new V2G solution will allow EVs to perform bidirectional charging services while using state of the art, secure, cloud-to-cloud integrations. Using IoTecha’s robust ISO/IEC 15118 technology, which has already been deployed in thousands of chargers and has been successfully interoperability tested with most EV brands, users will benefit from an easy-to-use plug and play system. For electric utilities, the solution uses the industry’s most stringent requirements ensuring precision metering and fast dispatch of services with high granularity. Finally, the communication protocol will ensure EV battery protection thanks to Nuvve’s GIVe™ V2G platform using advanced battery information data from the vehicle.

“The technology integration with IoTecha will enable a highly scalable implementation for V2G that can be used with multiple hardware providers and OEMs,” says Gregory Poilasne, CEO and chairman of Nuvve Corporation. “This is what is going to allow us to have standard supported products that can be securely connected and controlled.”

“Our IoT.ON™ platform, which includes our cloud and Combined Charging System on Module (CCSoM) controller modules, enables V2G implementation and allows us to take the CCS standard to the next level by integrating with Nuvve’s software platform,” says Oleg Logvinov, President and CEO of IoTecha. “Growing the ecosystem in a standards-based and secure way is what IoTecha is all about. Bidirectional functionality is a much-needed feature for EV sales growth.”

One of the first implementations of this integration will benefit electric school buses. It’s becoming more widely known that electric buses create a cleaner environment for kids to travel to school. But an additional benefit with V2G is that the overall cost of electric buses to school districts can be lowered because the buses can offset costs when parked by providing grid and building services. With their large batteries and powerful chargers combined with the standard CCS-1 plug, electric school buses will be able to deliver a variety of services, from energy market participation to building energy optimization and resiliency services.

Nuvve announced recently a definitive merger agreement with Newborn Acquisition Corp. (Nasdaq: NBAC), which will result in Nuvve becoming a listed public company at closing.

About Nuvve Corporation
Nuvve Corporation is a San Diego-based green energy technology company whose mission is to lower the cost of electric vehicle ownership while supporting the integration of renewable energy sources, including solar and wind. Our proprietary vehicle-to-grid (V2G) technology – Nuvve’s Grid Integrated Vehicle (GIVe™) platform – is refueling the next generation of electric vehicle fleets through cutting-edge, bidirectional charging solutions. Since our founding in 2010, Nuvve has been responsible for successful V2G projects on five continents and is deploying commercial services worldwide. For more information please visit www.nuvve.com or follow us on LinkedIn and Twitter.

Nuvve Press Contact
Marc Trahand, EVP Marketing
[email protected] 
+1 858 250 9740

Nuvve Investor Contact
Lytham Partners
Robert Blum
[email protected]
+1 602 889 9700

About IoTecha
IoTecha is accelerating the Electric Vehicle revolution by providing an integrated Platform called IoT.ON™ – consisting of software, hardware and Cloud components – for the Smart Charging infrastructure and ultimately enabling the integration of tens of millions of Electric Vehicles with the Power Grid. IoTecha customers are prominent global manufacturers of both Electric Vehicles and EV charging stations. IoTecha  products include V2G and HomePlug Protocol Analyzer, Combined Charging System on Module (and custom modules), EV charging stations and IoT.ON™ Cloud-based services. http://www.iotecha.com

IoTecha Press Contact:

Brenda Mancuso

[email protected]

+1 908 300 5178

About Newborn Acquisition Corp.
Newborn Acquisition Corp. is a blank check company, holding approximately $57.5 million in its trust account, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Important Information and Where to Find it
In connection with the proposed business combination, Nuvve Holdings, as the successor to Newborn, will file a registration statement on Form S-4 (the “Form S-4”) with the SEC. The Form S-4 will include a preliminary proxy statement/prospectus of Newborn and Nuvve Holdings, which Newborn will file with the SEC as a proxy statement on Schedule 14A, for the solicitation of proxies from Newborn’s shareholders and for the offering of Nuvve Holdings’ securities to the security holders of Newborn and Nuvve in the business combination. Additionally, Newborn and Nuvve Holdings will file other relevant materials with the SEC in connection with the business combination. Copies may be obtained free of charge at the SEC’s web site at www.sec.gov. The definitive proxy statement/prospectus will be mailed to Newborn shareholders as of a record date to be established for voting on the proposed business combination. Investors and security holders of Newborn are urged to read the proxy statement/prospectus and the other relevant materials when they become available before making any voting decision with respect to the proposed business combination because they will contain important information about the business combination and the parties to the business combination. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.

Participants in the Solicitation
Newborn and its directors and officers may be deemed participants in the solicitation of proxies of Newborn’s shareholders in connection with the proposed business combination. Nuvve and its officers and directors may also be deemed participants in such solicitation. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Newborn’s executive officers and directors in the solicitation by reading Newborn’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and the proxy statement/prospectus and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of Newborn’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the proxy statement/prospectus relating to the business combination when it becomes available.

No Offer or Solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or constitute a solicitation of any vote or approval.

Forward Looking Statements
The information in this press release includes “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, as amended. All statements, other than statements of present or historical fact included in this presentation, regarding the proposed business combination between Newborn and Nuvve and Nuvve’s strategy, future operations, estimated and projected financial performance, prospects, plans and objectives are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Newborn and Nuvve disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Newborn and Nuvve caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of either Newborn or Nuvve. In addition, Newborn cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could delay the business combination or give rise to the termination of the agreements related thereto; (ii) the outcome of any legal proceedings that may be instituted against Newborn or Nuvve following announcement of the transactions; (iii) the inability to complete the business combination due to the failure to obtain approval of the shareholders of Newborn, or other conditions to closing in the merger agreement; (iv) the risk that the proposed business combination disrupts Nuvve’s current plans and operations as a result of the announcement of the transactions; (v) Nuvve’s ability to realize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of Nuvve to grow and manage growth profitably following the business combination; (vi) costs related to the business combination; (vii) risks related to the rollout of Nuvve’s business and the timing of expected business milestones; (viii) Nuvve’s dependence on widespread acceptance and adoption of electric vehicles and increased installation of charging stations; (ix) Nuvve’s ability to maintain effective internal controls over financial reporting, including the remediation of identified material weaknesses in internal control over financial reporting relating to segregation of duties with respect to, and access controls to, its financial record keeping system, and Nuvve’s accounting staffing levels; (x) Nuvve’s current dependence on sales of charging stations for most of its revenues; (xi) overall demand for electric vehicle charging and the potential for reduced demand if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of electric vehicles or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; (xii) potential adverse effects on Nuvve’s revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by Nuvve; (xiii) the effects of competition on Nuvve’s future business; (xiv) risks related to Nuvve’s dependence on its intellectual property and the risk that Nuvve’s technology could have undetected defects or errors; (xv) changes in applicable laws or regulations; (xvi) the COVID-19 pandemic and its effect directly on Nuvve and the economy generally; (xvii) risks related to disruption of management time from ongoing business operations due to the proposed business combination; (xvii) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; and (xix) the possibility that Nuvve may be adversely affected by other economic, business, and/or competitive factors. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that Newborn has filed and will file from time to time with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2019. Newborn’s SEC filings are available publicly on the SEC’s website at www.sec.gov.

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SOURCE Nuvve Corporation

Strategic Position in BC’s Cariboo Gold District with Flagship FG Gold Project

VANCOUVER, BC, Dec. 16, 2020 /PRNewswire/ – KORE Mining Ltd. (TSXV: KORE) (OTCQX: KOREF) (“KORE” or the “Company“) is pleased to announce plans to transfer all of its British Columbia (“BC“) gold exploration assets (“Spin-out“) into a newly incorporated company: Karus Gold Corp. (“Karus” or “Karus Gold“). 

Highlights of Karus Gold:

• Unlocks value of BC assets for KORE shareholders through creation of Karus Gold
• Dominant 1,000 km² land position in the emerging Cariboo Gold District with Osisko Development Corp (TSX:ODV) investing heavily to the north
• Flagship FG Gold project open for growth after 2020 Lower Zone discovery intercepts of:
• 10.0 meters of 3.9 g/t gold at 237 meters downhole
• 14.3 meters of 6.4 g/t gold at 386 meters downhole
• Controls under-explored 110 km trend including five high-priority gold prospects
• Results from 14 FG Gold holes and ongoing Gold Creek drilling expected through Q1 2021

Click here to for a CEO audio clip on the proposed Spin-out.

Following the Spin-out, one hundred percent of Karus Gold common shares (the “Karus Shares“) will be distributed to KORE shareholders on a pro rata basis to their KORE holdings. Karus Gold will not initially be listed on a public stock exchange but will operate as a reporting issuer in British Columbia and Alberta.  In early 2021, Karus Gold intends to conduct a rights offering to all Karus shareholders to initially capitalize the company, followed by a planned public stock exchange listing in the first half of 2021.  Karus Gold would have the advantage of the ongoing drilling at Gold Creek and results from the completed FG Gold drill program expected to be released through Q1 2021.

The Spin-out would enable KORE’s shareholders to realize the expected growth and returns from exploration investment through direct ownership in Karus Gold.  Upon completion of the Spin-out, KORE will continue as a leading gold company with a focus on growing and developing the Imperial and Long Valley gold projects.  The transaction is supported by Mr. Eric Sprott, KORE’s largest shareholder.

KORE’s CEO Scott Trebilcock stated: “The creation of Karus Gold unlocks value for KORE shareholders, by providing direct exposure to high return exploration in the rapidly emerging Cariboo Gold District.  KORE continues to focus on exploration and development of its pipeline of gold assets in California.  KORE shareholders will be offered equal access to the initial capitalization of Karus Gold through a planned rights offering in early 2021.  KORE shareholders helped the Company achieve strong returns in 2020 and we plan on delivering again in 2021.”

Eric Sprott, KORE’s largest shareholder commented, “I support management teams that actively work to generate shareholder value.  I am pleased to support this transaction to daylight value of KORE’s strategic position in the Cariboo Gold District.”

Additional information about Karus Gold is available at www.koremining.com/Karus.

Terms of the Arrangement
KORE has executed an arrangement agreement whereby the business of KORE will be reorganized into two companies by way of a plan of arrangement (the “Arrangement“) under the Business Corporations Act (British Columbia).  KORE will apply for an interim order from the Supreme Court of British Columbia on or about December 18, 2020, authorizing the Company to call a shareholder meeting to approve the Arrangement.

KORE shareholders will vote on the Arrangement at a special meeting of shareholders (the “Meeting“) which is expected to be held on or about January 20, 2021 at 10:00 am Pacific Time.  In light of the ongoing COVID-19 pandemic, the Meeting will be held by way of virtual only format whereby shareholders may participate in the Meeting remotely. To be effective, the Arrangement must be approved by a special resolution passed by at least 66⅔% of the votes cast by KORE shareholders present or represented by proxy at the Meeting and 50% of the disinterested shareholder votes cast by KORE shareholders present or represented by proxy at the Meeting.  Each shareholder is entitled to one vote for each KORE common share held.

For purposes of voting on the Arrangement, 2176423 Ontario Ltd. (a corporation beneficially controlled by Mr. Eric Sprott), which holds 25.75% of the Company’s currently issued and outstanding common shares is an insider and control person, will be excluded from the disinterested vote as the sole warrant holder of KORE. Pursuant to the Arrangement, 2176423 Ontario Ltd. will be issued 1,750,000 Karus warrants at an exercise price of $0.75 per Karus Share, exercisable for the same period of time as the KORE warrants. 

The Arrangement involves, among other things, the distribution of Karus Shares to KORE shareholders such that each KORE shareholder will hold one Karus Share for every two common shares of KORE held on the effective date of the Arrangement and collectively, KORE shareholders, other than dissenting shareholders, will own 100% of Karus Gold. There will be no change in the number of shareholdings of individual KORE shareholders as a result of the Spin-Out.

After careful consideration, the Board of Directors has unanimously determined that the Arrangement is in the best interests of the Company. A description of the various factors considered by the Board of Directors in arriving at this determination will be provided in the management information circular (the “Circular”).

The Arrangement is anticipated to be completed in late January 2021 subject to receipt of required shareholder, court and other approvals and satisfaction of other closing conditions. Further details will be contained in the Circular to be issued in connection with the Meeting, which will be mailed to shareholders in advance of the Meeting following receipt of the interim order.  Shareholders of the Company are cautioned that there can be no assurance that the Arrangement will be completed on the terms described herein or at all.

After closing of the Arrangement, new KORE shares will continue trading on the TSX Venture Exchange in Canada under the symbol KORE and on the OTCQX in the United States.  Karus Gold Shares will not be listed on a stock exchange after closing of the Arrangement but Karus will be a reporting issuer in British Columbia and Alberta and will comply with its continuous disclosure obligations including press releases and financial reporting.  Karus Gold intends to conduct a rights offering to initially capitalize itself, followed by a public stock exchange listing.  The Karus Board will consider other opportunities to enhance value including mergers and acquisitions in addition to a potential stock exchange listing.

Karus Gold’s day-to-day activities will be managed by James Hynes as interim CEO, Jessica Van Den Akker as CFO and Corporate Secretary and Michael Tucker as VP Exploration.  Mr. Hynes and Mrs. Van Den Akker, will also continue with their KORE responsibilities. Immediately upon the closing of the Arrangement, the Board of Karus Gold will consist of Scott Trebilcock, James Hynes, Marc Leduc and Jessica Van Den Akker.  In support of a public stock exchange listing, it is expected that Karus will engage a permanent CEO and appoint new independent Directors.

About KORE’s South Cariboo Exploration Assets
KORE controls a dominant 1,000 square kilometers of claims in its South Cariboo Gold District of British Columbia.  The claims host 110 km of structural trend that is highly prospective for gold deposits.  The north part of the Cariboo Gold District is controlled by Osisko Development Corp (TSXV: ODV), which is financing a major exploration and development program that will bring attention to the Cariboo Gold District.  KORE has multiple projects in the Cariboo Gold District, including the FG Gold and Gold Creek gold projects.  Much of the area is under-explored and wide open for additional discoveries.  The Cariboo region is a prolific gold region.  The Cariboo Gold District was host to the Cariboo gold rush in the late 1800’s, followed by a long history of modern gold mining.  The Cariboo region is accessible with local power, a well-developed road network and skilled local labour. 

The FG Gold project hosts an orogenic gold deposit on a 20 km trend defined by gold in soils and geophysics.  Drilling performed by KORE in 2020 transformed the project, opening up the potential for both open pit and underground type mineralization.  The project also hosts copper-gold porphyry mineralization at the Nova Zone, discovered by KORE in 2018.  Details of FG Gold Lower Zone discovery including intercepts reported above are detailed in November 11, 2020 Company news release.

The Gold Creek project is an orogenic gold discovery centered on the “Camp Zone” which show similarities to the high-grade zone of the nearby Spanish Mountain Gold Deposit (TSXV:SPA).  The Camp Zone’s near surface mineralization currently extends over 400 metres along strike and is open along both strike and at depth.  KORE is currently drilling a 2,000-meter program to expand Gold Creek.

In connection with the transaction, the Company and Karus will file an updated National Instrument 43-101 compliant Technical Report titled “Technical Report on the South Cariboo Property, British Columbia, Canada” effective November 15, 2020, prepared by independent qualified persons Ron Voordouw, P.Geo., Henry Awmack, P. Eng., and Equity Exploration Consultants Ltd (the “Updated Report“).  The Updated Report replaces the previously filed technical report issued to Eureka Resources Inc. in 2015 and amends prior disclosure regarding mineral resources on the FG Gold and Gold Creek gold projects.  The Updated Report will be available on the Company’s website at www.koremining.com/Karus and under KORE’s profile on SEDAR at www.sedar.com.

About KORE Mining
KORE is 100% owner of a portfolio of advanced gold exploration and development assets in California and British Columbia.  KORE is supported by strategic investor Eric Sprott who recently invested $7.0 million, bringing his total ownership to 26%.  KORE management and Board are aligned with shareholders, owning an additional 38% of the basic shares outstanding.  KORE is actively developing its Imperial Gold project and is aggressively exploring across its portfolio of assets.

Further information on the Spin-out and KORE can be found on the Company’s website at www.koremining.com/Karus or by contacting us as [email protected].

On behalf of KORE Mining Ltd

“Scott Trebilcock”
Chief Executive Officer

Karus Gold Spin Out Investor Support

David Jan

1-888-455-7620
[email protected]

KORE Investor Relations
Arlen Hansen, KIN Communications
1-888-684-6730
[email protected]

Technical information with respect to the Cariboo Gold District, FG Gold and the Gold Creek Projects contained in this news release has been reviewed and approved by Michael Tucker, P. Geo. who is KORE’s VP Exploration and is the qualified person under National Instrument 43-101 responsible for the technical matters of this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release contains forward-looking statements relating to the future operations of the Company and Karus Gold and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “plan”, “should”, “anticipate”, “expects”, “intends”, “indicates” and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Company and Karus Gold are forward-looking statements.  Forward-looking statements in this news release include, but are not limited to, the expected timeline and date of completion of the Arrangement, the ability of KORE to receive and obtain shareholder approval and court approval, the ability of the parties to satisfy, in a timely manner, the other conditions to closing of the Arrangement, the future listing of Karus Gold and the expected timeline and completion of the anticipated Karus rights offering. There can be no assurance that the Arrangement will be completed or that it will be completed on the terms and conditions contemplated in this news release. The Arrangement could be modified or terminated in accordance with its terms. Such forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. 

Such factors include, among others: the Arrangement will be completed on the terms currently contemplated, the Arrangement will be completed in accordance with the timing currently expected without any undue delay, all conditions to the completion of the Arrangement will be satisfied or waived in due course and the Arrangement Agreement will not be terminated prior to the completion of the Arrangement, assumptions and expectations related to the trading price of KORE and the future listing of Karus Gold, and other expectations and assumptions concerning the Arrangement. 

In addition to the above summary, additional risks and uncertainties inherent to the Company and its operations are described in the “Risk Factors” section of the Company’s management discussion and analysis for the year ended December 31, 2019, prepared as of April 27, 2020, available under the Company’s issuer profile on www.sedar.com. Other risks and uncertainties include, among other things: the Arrangement may not be completed on the terms, or in accordance with the timing currently contemplated, or at all; the Company and Karus Gold has incurred expenses in connection with the Arrangement and will be required to pay for those expenses regardless of whether or not the Arrangement is completed; the Company and Karus Gold may not be successful in satisfying the conditions to the Arrangement, including failing to obtain KORE shareholder approval; the possibility of adverse reactions or changes in business relationships resulting from the announcement or completion of the Arrangement; the failure to realize the expected benefits of the Arrangement; and other risks inherent to KORE’s current business and/or factors beyond its control which could have a material adverse effect on KORE or the ability to consummate the Arrangement.

Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. 

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SOURCE Kore Mining

DALLAS, Dec. 16, 2020 /PRNewswire/ — MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced the results of a customer survey that provides notable insights into how consumers are sending money over the holidays this year. Based on the results of a recent survey of nearly 1,500 United States-based customers who have sent money abroad using MoneyGram this year, the Company found strong consumer sentimenttoward remittances going into the 2020 holiday season.

Despite hardships caused by the COVID-19 pandemic, such as job loss and increases in living and healthcare expenses, the survey revealed that nearly 70% of respondents have sent more money in 2020, and that the majority of respondents plan to send at least as much this holiday season as they did last year. Of those surveyed, 80% of consumers also reported that the pandemic has led to an increase in the needs of family and friends abroad this year. Expenses for food topped the list with 70% of respondents reporting that those abroad have needed more money to feed their families this year. This was followed by expenses for housing (55%) and healthcare (52%).

The survey also provided insights into the acceleration of digital adoption at MoneyGram and across the industry. Nearly 60% of respondents said that as a result of the pandemic they are evolving the way they send money and increasingly utilizing digital tools to send money abroad. Consumers also reported that the pandemic has led to an increase in family and friends requesting to receive money digitally, such as direct into a bank account or mobile wallet instead of cash.

“These survey results highlight the resilience of our customers, their capacity to navigate through difficult times and their dedication to family and friends around the world.” said Alex Holmes, MoneyGram Chairman and Chief Executive Officer. “The results of the survey correspond to the strong performance we have reported this year and support our ongoing strategy to deliver a differentiated customer experience and accelerate digital growth across the world. I’m excited that our consumer-centric digital transformation and continued agile management of the business has enabled us to uniquely serve our customers as their needs quickly changed this year.”

Additional key insights from MoneyGram’s customer survey included:

“As we head into a holiday season that looks different than ever before, we are extremely thankful for our incredible customer base that has remained strong and loyal amidst the economic crisis induced by the pandemic,” said Kamila Chytil, MoneyGram Chief Operating Officer and leader of the Company’s digital business. “We’re also encouraged by the number of customers who report switching to MoneyGram due to the ease of use of our mobile app, the affordability of our service, and our expansive digitally-enabled network across 81 countries. We’re thrilled that we can be the best option to help them support their family and friends during this challenging season.”

MoneyGram recently reported its eleventh consecutive month of triple-digit year-over-year cross-border transaction growth in its direct-to-consumer digital channel in November with 135% year-over-year revenue growth for the month.

Survey Methodology
This poll was conducted between December 3-8, 2020 among a customer group of nearly 1,500. The survey was created by MoneyGram and conducted through an online survey platform. Participation was voluntary, and respondents were not compensated.

About MoneyGram International, Inc.
MoneyGram is a global leader in cross-border P2P payments and money transfers. Its consumer-centric capabilities enable family and friends to quickly and affordably send money in more than 200 countries and territories, with 81 now digitally enabled.

MoneyGram leverages its modern, mobile, and API-driven platform and collaborates with the world’s leading brands to serve millions of people each year through both its walk-in business and its direct-to-consumer digital business.

With a strong culture of innovation and a relentless focus on utilizing technology to deliver the world’s best customer experience, MoneyGram is leading the evolution of digital P2P payments.

For more information, please visit moneygram.com and follow @MoneyGram.

Media Contact

Stephen Reiff

[email protected]

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SOURCE MoneyGram

GREENVILLE, S.C., Dec. 16, 2020 /PRNewswire/ — SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, logistics and integration services for the technology industry, today announced that it has partnered with Broadcom Inc. to deliver an enhanced level of service to the Commercial Business for the Symantec Enterprise division of Broadcom.

The agreement makes SYNNEX one of only two fully authorized distributors in North America with the ability to support the entire Symantec product portfolio, including Broadcom’s newly launched Cyber Security Aggregator Program. SYNNEX is uniquely positioned to deliver better experiences due to its expertise with Symantec offerings as well as its expansive service and support offerings available to customers through the SYNNEX Westcon Secure Networking group. Customers can now look to SYNNEX for support in selling Symantec solutions to customers of all sizes including small-to-medium-business, mid-market and enterprise. 

“This agreement builds on our nearly 25 years of experience with Symantec and creates new opportunities for customers across several high-growth categories in Cyber Security,” said Jessica McDowell, Vice President, Business Development, SYNNEX Corporation. “Our position as the largest distributor with legacy Symantec experience, ability to reach additional market segments, and extensive partner program offerings enable partners for long-term success with SYNNEX and Broadcom.”

Customers can take advantage of exclusive service and support offerings for Broadcom through SYNNEX. These include white glove onboarding, incentives and support; access to Symantec-certified Knights for technical support and vulnerability assessments; and creative financing offerings. SYNNEX also offers a rewards-based enablement portal with educational resources  and post-sales support including business growth opportunities within the SYNNEX RENEWSolv platform.

“We are pleased to name SYNNEX as one of our Cyber Security Aggregator Partners focused on a segment of our Enterprise Business and look forward to working with their team to support our mutual customers in the channel,” said Roy Borden, Vice President of Global Channel Sales, Broadcom. “Their unique market position, dedicated team, impressive resources, and long history with Symantec will create strong synergies for partners.”

For more information about Broadcom through SYNNEX, contact [email protected].

About SYNNEX
SYNNEX Corporation (NYSE: SNX) is a Fortune 200 corporation and a leading provider of a comprehensive range of distribution, logistics and integration services for the technology industry to a wide range of enterprises. SYNNEX distributes a broad range of information technology solutions, and also provides systems design and integration services. Founded in 1980, SYNNEX Corporation operates in numerous countries throughout North and South America, Asia-Pacific and Europe. Additional information about SYNNEX may be found online at synnex.com.

Safe Harbor Statement 
Statements in this news release that are forward-looking, such as features and capabilities of products and services, security product offering expansion, technology trends, and general success of collaborations, involve known and unknown risks and uncertainties which may cause the Company’s actual results in future periods to be materially different from any future performance that may be suggested in this release.  The Company assumes no obligation to update any forward-looking statements contained in this release.

Copyright 2020 SYNNEX Corporation. All rights reserved. SYNNEX, the SYNNEX Logo, and all other SYNNEX company, product and services names and slogans are trademarks or registered trademarks of SYNNEX Corporation. SYNNEX, the SYNNEX Logo, Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of their respective owners.  

Bill Fox

Hughes Agency for SYNNEX Corporation
864.271.0718
[email protected] 

SNX – G

 

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SOURCE SYNNEX Corporation