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PR Newswire

Color Star Technology Announces Receipt of Nasdaq Continued Listing Deficiency Notice

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NEW YORK, Oct. 23, 2020 — Color Star Technology Co., Ltd. (Nasdaq CM: CSCW) (the "Company", or "Color Star"), a company engaged in the businesses of providing online and offline paid knowledge services for the media, entertainment and culture industries globally, today announced on October 16, 2020, the Company received a notification letter (the "Notification") from Nasdaq Listing Qualifications advising the Company that based upon the closing bid price for the Company’s ordinary shares for the past 30 consecutive business days, the Company no longer met the minimum $1.00 per share Nasdaq continued listing requirement set forth in Nasdaq Listing Rule 5550(a)(2). The Notification also stated that Under Rule 5810(c)(3)(A), the Company would be provided 180 calendar days, or until April 14, 2021, to regain compliance with the foregoing listing requirement. To do so, the bid price of the Company’s ordinary shares must close at or above $1.00 per share for a minimum of 10 consecutive business days prior to that date.

In the event the Company does not regain compliance by the first compliance deadline, the Company may be eligible for additional time to regain compliance. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements, the Nasdaq staff will inform the Company that it has been granted an additional 180 calendar days. However, if it appears to the Nasdaq staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, the staff will provide notice that its securities will be subject to delisting.

The Company provides no assurance that its ordinary shares will trade at levels necessary to regain and maintain compliance with the above-referenced bid price rule before the compliance deadline. The Company intends to continue to monitor the bid price for its ordinary shares. If the Company’s ordinary shares do not trade at a level that is likely to regain compliance with the Nasdaq requirements, the Company’s Board of Directors will consider other options that may be available to achieve compliance.

About Color Star Technology

Color Star Technology Co, Ltd. (Nasdaq CM: CSCW) offers online and offline paid knowledge services for media, entertainment and culture industries globally. Its business operations are conducted through its wholly-owned subsidiaries Color China Entertainment Ltd. and CACM Group NY, Inc. The Company’s online education is provided through its Color World music and entertainment education platform. The Company also offers after-school entertainment tutoring in New York via its joint venture entity Baytao LLC. More information about the Company can be found at www.colorstarinternational.com.

Forward-Looking Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company’s statements regarding its intention to cure the Nasdaq continued listing deficiency are forward-looking statement. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the educational and training services market in China and other countries where CSCW conducts its business; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Tony Tian, CFA 
Email: ttian@weitianco.com
Phone: +1-732-910-9692

 

PR Newswire

Kungl. Vetenskapsakademien: The Prize in Economic Sciences 2020: Their theoretical discoveries have improved auctions in practice

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MALMOE, Sweden, Oct. 12, 2020 —

This year’s Laureates, Paul Milgrom and Robert Wilson have studied how auctions work. They have also used their insights to design new auction formats for goods and services that are difficult to sell in a traditional way, such as radio frequencies. Their discoveries have benefitted sellers, buyers and taxpayers around the world.

The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2020 to Paul R. Milgrom, Stanford University, USA and Robert B. Wilson, Stanford University, USA, "for improvements to auction theory and inventions of new auction formats".

People have always sold things to the highest bidder, or bought them from whoever makes the cheapest offer. Nowadays, objects worth astronomical sums of money change hands every day in auctions, not only household objects, art and antiquities, but also securities, minerals and energy. Public procurements can also be conducted as auctions.

Using auction theory, researchers try to understand the outcomes of different rules for bidding and final prices, the auction format. The analysis is difficult, because bidders behave strategically, based on the available information. They take into consideration both what they know themselves and what they believe other bidders to know.

Robert Wilson developed the theory for auctions of objects with a common value – a value which is uncertain beforehand but, in the end, is the same for everyone. Examples include the future value of radio frequencies or the volume of minerals in a particular area. Wilson showed why rational bidders tend to place bids below their own best estimate of the common value: they are worried about the winner’s curse – that is, about paying too much and losing out.

Paul Milgrom formulated a more general theory of auctions that not only allows common values, but also private values that vary from bidder to bidder. He analysed the bidding strategies in a number of well-known auction formats, demonstrating that a format will give the seller higher expected revenue when bidders learn more about each other’s estimated values during bidding.

Over time, societies have allocated ever more complex objects among users, such as landing slots and radio frequencies. In response, Milgrom and Wilson invented new formats for auctioning off many interrelated objects simultaneously, on behalf of a seller motivated by broad societal benefit rather than maximal revenue. In 1994, the US authorities first used one of their auction formats to sell radio frequencies to telecom operators. Since then, many other countries have followed suit.

"This year’s Laureates in Economic Sciences started out with fundamental theory and later used their results in practical applications, which have spread globally. Their discoveries are of great benefit to society," says Peter Fredriksson, chair of the Prize Committee.

Paul R. Milgrom, born 1948 in Detroit, USA. Ph.D. 1979 from Stanford University, USA. Shirley and Leonard Ely Jr. Professor of Humanities and Sciences, Stanford University, USA.

More information

Robert B. Wilson, born 1937 in Geneva, USA. D.B.A. 1963 from Harvard University, Cambridge, USA. Adams Distinguished Professor of Management, Emeritus, Stanford University, USA.

More information

Prize amount: 10 million Swedish kronor, to be shared equally between the Laureates.

More information can be found at www.kva.se or nobelprize.org.

Press Contact:

Eva Nevelius, Press Secretary, The Royal Swedish Academy of Sciences 

+46 70 878 67 63,

eva.nevelius@kva.se

Experts:

Tommy Andersson, Committee for the Prize in Economic Sciences in memory of Alfred Nobel,
The Royal Swedish Academy of Sciences
+46 73 358 26 54,
tommy.andersson@nek.lu.se

Tore Ellingsen, Committee for the Prize in Economic Sciences in memory of Alfred Nobel,
The Royal Swedish Academy of Sciences
+46 70 796 10 49,
tore.ellingsen@hhs.se

Torsten Persson, Committee for the Prize in Economic Sciences in memory of Alfred Nobel,
The Royal Swedish Academy of Sciences 
+46 79 313 39 04,
torsten.persson@iies.su.se 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/kungl–vetenskapsakademien/r/the-prize-in-economic-sciences-2020–their-theoretical-discoveries-have-improved-auctions-in-practic,c3213384

PR Newswire

iHuman Inc. Announces Pricing of Initial Public Offering

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BEIJING, Oct. 9, 2020 — iHuman Inc. (NYSE: IH) ("iHuman" or the "Company"), a leading childhood edutainment company in China, announced today the pricing of its initial public offering of 7,000,000 American Depositary Shares ("ADSs"), each representing five class A ordinary shares of the Company, at a public offering price of US$12.00 per ADS. The ADSs are expected to begin trading on the New York Stock Exchange on October 9, 2020 under the ticker symbol "IH." The offering is expected to close on October 14, 2020, subject to customary closing conditions.

The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 1,050,000 additional ADSs. The total gross proceeds of the offering, before deducting underwriting discounts and commissions and offering expenses payable by iHuman, are expected to be US$84.0 million if the underwriters do not exercise their over-allotment option, and US$96.6 million if the underwriters choose to exercise their over-allotment option in full.

Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc. are acting as joint bookrunners and underwriter representatives for the offering. Tiger Brokers (NZ) Limited is acting as a joint bookrunner for the offering. CMB International Capital Limited and CLSA Limited are acting as co-managers for the offering.

iHuman’s registration statement relating to the offering has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release is being issued pursuant to and in accordance with Rule 134 under the Securities Act of 1933, as amended.

The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the final prospectus relating to the offering may be obtained, when available, by contacting the following underwriters:

(1) Credit Suisse Securities (USA) LLC, Attention: Prospectus Department at 11 Madison Avenue, New York, NY 10010-3629, United States of America, or by calling 1-800-221-1037, or by email at newyork.prospectus@credit-suisse.com;

(2) Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, via telephone: 1-800-831-9146 or via email at prospectus@citi.com.

About iHuman Inc.

iHuman Inc. is a leading childhood edutainment company in China that is committed to transforming learning into a fun journey for every child. Benefiting from a legacy that combines a strong educational foundation and decades of experience in childhood education with cutting edge technology and an outstanding reputation for original entertainment content, iHuman provides children with unique, interactive, and entertaining learning experiences. The Company’s comprehensive suite of innovative and high-quality products and services caters to the educational needs of kids at school and at home, both online and offline, and covers diverse subjects, including Chinese learning, English, mathematics and critical thinking, literacy and reading, Chinese culture, STEM and other subjects. iHuman’s line-up of highly effective edutainment products and services include interactive and self-directed learning apps, as well as learning materials and smart learning devices. With solid pedagogy, deep understanding of children’s education and psychology, as well as advanced technology capabilities in gamification, AI/AR technologies, and big data analysis, iHuman believes it will continue to provide learning experiences that are both educational and fun for children in China and all over the world through its integrated suite of childhood edutainment products and services.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about iHuman’s beliefs and expectations, are forward-looking statements. Among other things, the description of the public offering in this announcement contain forward-looking statements. iHuman may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: iHuman’s growth strategies; its future business development, financial condition and results of operations; its ability to continue to attract and retain users, convert non-paying users into paying users and increase the spending of paying users, the trends in, and size of, China’s edutainment market; its expectations regarding demand for, and market acceptance of, its products and services; its expectations regarding its relationships with business partners; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in iHuman’s filings with the SEC. All information provided in this press release is as of the date of this press release, and iHuman does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

iHuman Inc.
Ms. Jung Chang
Phone: +86 10 5780-6606
E-mail: jungchang@ihuman.com

Christensen
In China
Mr. Eric Yuan
Phone: +86-13801110739
E-mail: Eyuan@christensenir.com

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
E-mail: lbergkamp@christensenir.com

Related Links :

http://www.ihuman.com

PR Newswire

51Talk flight attendant-turned-online English tutor makes the case for livelihood solutions during pandemic

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MANILA, Philippines, Oct. 9, 2020 — COVID-19 continues to pummel the airline industry as the virus spreads and people are urged to stay home and not travel. Airline workers around the world are feeling uncertain, both for the security of their jobs and for their own health.

The protagonist of the story is Ann Pearl, a flight attendant who found hope and joy when she became an 51Talk online English tutor in the Philippines. Like so many airline industry workers, the 30-year-old new mother became grounded.

Ann Pearl has turned from an air hostess into online tutor this year.
Ann Pearl has turned from an air hostess into online tutor this year.

Ann Pearl was interviewed online by Miss Universe 2015 Pia Wurtzbach in July where she was inspired to pursue becoming an online teacher at 51Talk, a leading online English platform that connects Filipino teachers and Chinese students.

Ann Pearl has since become a popular home-based online English teacher among her students. Teaching from home with 51Talk allowed her to regain control of her life as she could now balance family duties with her newfound livelihood while remaining safe and healthy from COVID-19.

"In the past, I strive to bring your loved ones home. Now, I am teaching at home while helping cute students fall in love with their language learning," Pearl shared.

Ann Pearl together with her colleague participate in the hit show in Oct.
Ann Pearl together with her colleague participate in the hit show in Oct.

Pearl’s story has won the favor from Pia Wurtzbach, and the female celebrity also invited her to participated in the hit variety show, It’s Showtime, to share her encouraging story to more audiences.

"I think her story deserves much more attention, hoping that more potential locals get inspired from her, and become an online tutor in the era of pandemic," Pia believed.

When asked about her secret weapons to make online teaching more fun and engaging, Pearl said, "One thing amazing about online teaching is flexibility. However, you need to set some ground rules and stick to them."

"Have your own teaching pace, but always be there for your students at the time that they are expecting you. Effective online tutoring is possible only when there is two-way communication," Pearl said, adding that, "you need to understand the pace of the student and slow down or rush accordingly. It is because different students have varied understanding levels. So, planning your pace accordingly will also help."

Pia Wurtzbach has become the face of 51Talk brand ambassador on July 6. The female star considers empowering Filipinos as her top advocacy, now more than ever when thousands of Filipinos have lost their livelihood due to the pandemic.

51Talk brand ambassador Pia Wurtzbach
51Talk brand ambassador Pia Wurtzbach

According to her, the pandemic has brought a huge impact to the lives of many Filipinos. Some people already lost their livelihood, maybe because their employers could no longer sustain expenses while some still go to work despite the transport challenges and these are actually some of the reasons why she wanted to be a part of the 51Talk family.

"51Talk has been dedicated to online education business for more than 9 years. On top of being a globally recognized and award-winning market leader in the e-education industry, the brand is the only online English education company listed on the New York Stock Exchange so far," added Pia.

51Talk announced in May that 30,000 livelihood opportunities are offered this year for Filipinos whose livelihoods were affected by the pandemic.

Ann Pearl is well-received among her students in China.
Ann Pearl is well-received among her students in China.

"With the soaring demand for English-speaking teachers in China, there has probably never been a better time than right now to teach English online," said Jack Huang, founder and CEO of 51Talk.

"As English is widely spoken in the Philippines, Filipinos have an advantage in becoming an online language tutor. At 51Talk, an online teacher can earn up to PHP 200 per hour if you born to be a teaching star," the CEO added.

Like Ann Pearl you can also come home to 51Talk to start your online English teaching journey. Visit 51Talk’s website at www.51Talk.ph and sign-up today. 

 

Related Links :

http://www.51talk.ph/

PR Newswire

Second Citizenship from St Kitts and Nevis Opens Doors to British Education in Times of Crisis

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LONDON, Oct. 9, 2020 — Despite predictions that the pandemic would cause a decline in international students, the United Kingdom is set for a record increase. Interestingly, enrolments from non-EU international students went up 9 per cent this academic year. According to Jimmy Beale, the founder of The English Education, a placement consultancy that advises international parents about independent schools in the UK, Chinese students make up much of the international student body in Britain. A Chinese education agency survey also found that the UK surpassed the US as a destination of choice for students due to growing tensions between China and the US.

Beale, whose clients are often admitted to top tier institutions like Westminster and Harrow, says that all international boarding pupils who do not have UK passports require a Tier 4 Student Visa. Although the process is simple for students, parents had difficulties visiting their children as embassies in certain countries were closed. 

"If you are a St Kitts and Nevis citizen, the process of sending your child abroad for schooling is much simpler," says Natasha Jones, a legal assistant at CS Global Partners. "You are exempt from requirements to prove knowledge of the English language, you do not need to have a tuberculosis test if you reside in St Kitts and Nevis, and you are exempt from the requirement to self-isolate for 14 days upon arrival in the UK if you have spent the last 14 days in St Kitts and Nevis. Family members [with St Kitts and Nevis citizenship] can also easily visit their children who are studying in the UK because of their visa-free access," she added.

Jones also highlighted St Kitts and Nevis’ status as a Commonwealth country and the benefit that it brings. "In the UK, Commonwealth citizens are eligible for various scholarships for master’s degrees and PhD courses which often cover tuition fees, living allowance, and travel," she said.

The fastest and easiest way to attain St Kitts and Nevis citizenship is through the Citizenship by Investment Programme. Once vetted, investors can contribute to the Sustainable Growth Fund and receive citizenship. Along with the advantages of education and travel, citizenship can also be passed down. For a limited time, families of up to four can invest $150,000 and brighten their child’s path to high-quality education.

pr@csglobalpartners.com

www.csglobalpartners.com

 

Related Links :

https://csglobalpartners.com/

PR Newswire

X2O Media and Executive Education HEC Montréal Partner to Launch an Immersive X2O Virtual Classroom

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MONTRÉAL, Oct. 8, 2020 — X2O Media, global provider of virtual collaboration technology for education and enterprise, today announced the launch of its first installation of the X2O Virtual Classroom in Canada. Executive Education HEC Montréal has selected X2O Media to provide an immersive virtual classroom for the renowned business school to deliver engaging online courses for its Executive Education program. X2O Media, part of the STRATACACHE family of technology companies, collaborated with AV-integration partner CBCI Telecom, a trusted advisor of video conferencing solutions, to install a purpose-built hybrid virtual classroom that replicates the energy and one-to-one interaction of an in-class lecture.

The X2O Virtual Classroom allows the Executive Education faculty of experts to expand their curriculum and provide a highly engaging learning experience for participants located around the world. The result is a lecture that is collaborative, setting the stage for the dynamic exchanges of ideas for an enriching diversity of viewpoints comparable to a physical classroom. Serge Lafrance, Director of Executive Education HEC Montréal said, "Unlike a typical video conferencing solution, the X2O Virtual Classroom is as close as you will get to being there. Our participants have embraced the X2O platform as an effective way to provide an unparalleled learning experience."

"We are excited to be partnering with Executive Education HEC Montréal to help them build the classroom of the future. Their investment in X2O Media virtual classroom technology confirms that engagement is an important factor in the quality of the remote learning experience for both their students and the professors. The X2O Virtual Classroom is designed to create a real-time and engaging environment for improved online learning success," said Mansour Brek, President of X2O Media.

X2O Media’s next-generation collaboration technology has helped institutions like HEC Montréal set a new standard to bridge the global online learning community in higher education and corporate communications. Technological features such as high-definition video, directional audio, true content sharing, collaboration, break-out groups and a suite of integrated tools provide online collaborators an unparalleled experience.

Visit our website for more information about the benefits of the X2O Virtual Classroom.

About X2O Media

X2O Media provides technology and services to build virtual classroom solutions for higher education and corporate learning centers across the globe. The award-winning X2O Platform represents a new category of communication tools that improve the way enterprises and universities engage with their employees and students bringing them virtually together. By extending standard learning-environment technology, X2O Media’s next generation solutions reduce costs, drive safety and deliver a unique learning experience with real-time engagement that enables remote users to participate in everything that is taking place within the live classroom. X2O Media, part of the STRATACACHE family of marketing technology companies, is headquartered in Montréal. For more information, contact X2O Media at sales@x2omedia.com and follow X2O Media updates on LinkedIn, Facebook and Twitter.

About STRATACACHE

STRATACACHE provides scalable customer experiences, empowering retailers to learn deeply about their customers’ shopping preferences and behaviors, allowing for personalized shopper interaction. Our solutions deliver consumer activation at the point-of-decision, generating new sales opportunities and enhanced retail profitability. With 3.3 million+ software activations globally, we power the biggest digital networks for the world’s largest brands. Across the STRATACACHE family of complementary digital media/ad tech solution companies, we have the technology, expertise and track record to bring retail innovation that delivers results. Learn more about the STRATACACHE family at www.stratacache.com on LinkedIn and Twitter.

About Executive Education HEC Montréal

For over 60 years, HEC Montréal Executive Education has been training individuals and organizations from here and abroad, in the development of professionals, executives and mangers’ business skills. As part of HEC Montréal’s internationally recognized business school, we offer over 90 customisable short workshops and, every year we boost the careers of more than 7000 leaders and foster the growth of 450 organizations of all sizes and sectors. For more information, contact us at executiveeducation@hec.ca and follow us on LinkedIn and Facebook.

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PR Newswire

PSI and SQA’s Skills for English™ is now a UKVI-approved Secure English Language Test

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LONDON, Oct. 2, 2020 — PSI Services (PSI), a global provider of assessment services, leading-edge technology, and talent management solutions and the Scottish Qualifications Authority (SQA), Scotland’s national awarding and accreditation body, today announced that their Skills for English™ language test is now a UKVI-approved Secure English Language Test (SELT).

The approval follows PSI reaching a commercial arrangement with the UK Home Office last year to deliver the SELT for overseas UK visa applicants. Beginning October 12 in China and the rest of the world (outside the UK) later in 2020, applicants will have access to PSI’s fully computer-based testing experience via its global test center network.

Janet Garcia, Executive Vice President of PSI’s Global Credentialing Division, commented, "This is a major milestone for our Skills for English™ brand which we created jointly with SQA. The UKVI-approval is widely acknowledged as the hallmark of an effective, high-quality qualification, and we are thrilled now to be able offer a Skills for English (UKVI) test."

John McMorris, Director of Business Development at SQA added, "This approval is the culmination of an intense period of work between ourselves and PSI to create a qualification that can service the needs of those seeking to work, study, or settle in English-speaking countries. Having a UKVI-approved SELT is a major achievement, and we will be working hard to build out the Skills for English brand for a range of other purposes."

The approval of Skills for English as a UKVI Secure English Language Test means that it can be used for all types of visa applications where evidence of English Language proficiency is required. PSI and SQA believe the simplicity of the candidate’s journey – from booking an assessment, to the test session itself, through to the delivery of results, coupled with wide availability of test locations and dates – will ensure its popularity with test-takers.

Timing for the launch of the new test has inevitably been impacted by the COVID-19 pandemic and will be phased with bookings for test sessions available first in China and Hong Kong SAR, with tests in an additional 120 countries following a month later. All our SELT centers strictly adhere to the latest safety procedures with regard to COVID-19 based on various international, state, and local orders and guidelines as well as CDC and WHO recommendations.

The delivery of this program will further reinforce PSI’s presence in the global secure testing market, which comprises over 2,000 plus testing locations spanning 160 countries through which it delivers some 15 million assessments per year.

About PSI

PSI Services LLC (PSI) is a global workforce solutions provider that designs robust solutions for our clients by blending best-in-class assessment content, leading-edge technology, and deep consulting expertise across the entire career life cycle. PSI has over 70 years of experience providing worldwide testing solutions to a wide variety of customers across public and private sector industries, ranging from small businesses to global enterprises, leading academic institutions, and government organizations.

PSI offers a comprehensive solutions approach from test development to delivery and results processing, including pre-hire employment selection, managerial assessments, licensing and certification tests, distance learning testing, and other specialized services. Through our work with over 2,000 experts across 160 countries, PSI exists to empower people in their careers and drive organizational success. For more information, visit psionline.com.

About the Scottish Qualifications Authority

The Scottish Qualifications Authority (SQA) is Scotland’s national awarding and accreditation body. It is responsible for developing, delivering, and accrediting qualifications, courses, and assessments undertaken by thousands of candidates in schools, colleges, training providers, and the workplace every year. SQA qualifications are delivered by thousands of teaching and training professionals in Scotland throughout the UK and around the world. SQA is instrumental in setting and maintaining robust national standards that ensure its courses, qualifications, and awards are recognized by colleges, universities, and industry, enabling learners and businesses alike to realize their potential and achieve their ambitions.

SQA works with around 15,000 teaching professionals and industry specialists, who support its awarding operations annually, ensuring SQA qualifications accurately reflect learners’ knowledge and skills and provide routes to jobs or further study. SQA also awards a range of other qualifications, including customized awards, to meet the needs of individual companies and organizations. They provide advice, support, and services, such as expertise in assessment, that enable organizations to meet a range of educational, development, and regulatory requirements.

Based in Scotland, SQA works throughout the UK and internationally. SQA takes great pride in offering exceptional customer service, which is acknowledged by government organizations, universities, businesses, and individuals around the world.

Related Links :

http://www.psionline.com

PR Newswire

Ambow Announces Pricing of $6.0 Million Registered Direct Offering

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BEIJING, Oct. 1, 2020 — Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO), a leading national provider of educational and career enhancement services in China, today announced that it has entered into definitive agreements with two institutional investors for the issuance of approximately 1,507,538 ADSs (representing 3,015,076 of Class A Ordinary Shares), at a purchase price of $3.98 per ADS, in a registered direct offering. Ambow has also agreed to issue to the investors unregistered warrants to purchase up to an aggregate amount of 603,016 ADSs (representing 1,206,032 Class A ordinary shares). The offering is expected to close on or about October 2, 2020, subject to satisfaction of customary closing conditions.

FT Global Capital, Inc. is acting as the exclusive placement agent for the offering.

The warrants will have a term of three years, be exercisable immediately and have an exercise price of $4.68 per ADS. The warrants have a mandatory forced conversion feature, such that if the VWAP of the ADS trades above $9.36 for 20 consecutive days, subject to customary equity conditions, the Company can force the warrants to be exercised.

The gross proceeds from the offering are expected to be approximately $6.0 million before deducting the placement agents’ fees and other estimated offering expenses. The Company intends to use the net proceeds from the offering for working capital purposes.

The Company’s Class A ordinary shares, Warrants and the Class A ordinary shares underlying the Warrants are being offered by Ambow in a registered direct offering pursuant to a "shelf" registration statement on Form F-3 (File No. 333- 231273) previously filed with the Securities and Exchange Commission (the "SEC") on May 8, 2019 and declared effective by the SEC on May 17, 2019. The Class A ordinary shares, Warrants and Class A ordinary shares underlying the Warrants may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. Once filed with the SEC, copies of the prospectus supplement and accompanying prospectus relating to the registered direct offering may be obtained, when available, on the SEC’s website at http://www.sec.gov or by contacting Ambow Education Holding Ltd., 12th floor, Tower 1 Financial Street Chang’An Center, Shijingshan District, Beijing, China 100043, or via email at ir@ambow.com, or telephone at +86 10-6206-8060.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Ambow Education Holding Ltd.

Ambow Education Holding Ltd. is a leading national provider of educational and career enhancement services in China, offering high-quality, individualized services and products. With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors, Ambow provides its services and products to students in 15 out of the 34 provinces and autonomous regions within China.

Follow us on Twitter: @Ambow_Education

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the outlook and quotations from management in this announcement, as well as Ambow’s strategic and operational plans, contain forward-looking statements. Ambow may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including but not limited to the following: the Company’s goals and strategies, expansion plans, the expected growth of the content and application delivery services market, the Company’s expectations regarding keeping and strengthening its relationships with its customers, and the general economic and business conditions in the regions where the Company provides its solutions and services. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Ambow undertakes no duty to update such information, except as required under applicable law.

For investor and media inquiries please contact:

Ambow Education Holding Ltd.
Tel: +86 10-6206-8000

The Piacente Group | Investor Relations
Tel: +1 212-481-2050 or +86 10-6508-0677
Email: ambow@tpg-ir.com

 

Related Links :

https://www.ambow.com/

PR Newswire

Color Star Technology Announces Change in Ticker Symbol

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NEW YORK, Oct. 1, 2020 — Color Star Technology Co., Ltd. (formerly, Nasdaq CM: HHT) (the "Company", or "Color Star"), a company engaged in the businesses of providing online and offline paid knowledge services for the media, entertainment and culture industries globally, today announced that the Company’s ordinary shares will commence trading on the NASDAQ Capital Market under the new ticker symbol "CSCW" (Nasdaq CM: CSCW), effective prior to the open of markets today. It represents the abbreviation of "Color Star Color World". The changes reflect the Company’s on-going efforts to transform itself into a brand-centric paid knowledge services platform with focuses on the music and live entertainment industries. 

"Following the success of our Color World Online Concert in September, our recently launched Color World App has reached over 500,000 registered users – not a small feat for our team. As we continue to add new artists to our platform and introduce new features to our Color World App, including the planned launches of interactive live streaming and online store on October 15 and October 25, 2020, respectively, we are increasingly confident about the outlook for the Company and believe that we can move across the mark of 1,000,000 registered users by the end of the year," Commented Luke Lu, Chairman and Chief Executive Officer of Color Star.

About Color Star Technology

Color Star Technology Co, Ltd. (Nasdaq CM: CSCW) offers online and offline paid knowledge services for media, entertainment and culture industries globally. Its business operations are conducted through its wholly-owned subsidiaries Color China Entertainment Ltd. and CACM Group NY, Inc. The Company’s online education is provided through its Color World music and entertainment education platform. The Company also offers after-school entertainment tutoring in New York via its joint venture entity Baytao LLC. More information about the Company can be found at www.colorstarinternational.com.

Forward-Looking Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.  Specifically, the Company’s statements regarding the proposed acquisition of FENT are forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the educational and training services market in China and other countries where HHT conducts its business; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Tony Tian, CFA 
Email: ttian@weitianco.com  
Phone: +1-732-910-9692

 

PR Newswire

DevOps Institute Announces 2020 Global SKILup Festival and First Round of Speakers

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Virtual DevOps festival offers career fair, upskilling opportunities, and a full-day conference, featuring keynote speakers Mirco Hering and Patrick Debois

BOCA RATON, Florida, Sept. 28, 2020 — DevOps Institute (https://devopsinstitute.com/), a global member-based association for advancing the human elements of DevOps, today announced the 2020 Global SKILup Festival, a week-long global event dedicated to DevOps upskilling, a deep-dive into technology trends, and career advancement. The world’s first such unique festival, sponsored by Rancher and AppDynamics, will take place virtually from Dec. 7-11, 2020. Global SKILup Festival runs continuously across global time zones and includes:

  • December 7 – Career Fair
  • December 8-9 – Get SKIL’d Up Learning Days
  • December 10 – 18-hour Global SKILup Day Virtual Conference
  • December 11 -SKILup Recap

Register for Global SKILup Festival at: http://www.devopsinstitute.com/skilup-festival/

"DevOps Institute’s Global SKILup Festival is a week focused entirely on advancing the Humans of DevOps – whether by attending the career fair, optimizing learning and certification opportunities or by hearing from top enterprise and industry thought leaders on a wide range of DevOps-related topics," said Jayne Groll, CEO of DevOps Institute. "As we close out an unprecedented year, we have crafted this week-long event with a variety of activities to celebrate the resiliency of the tech community and help us all move forward with the Skills, Knowledge, Ideas and Learning for the ‘new normal’."

The cornerstone of the Global SKILup Festival is the Global SKILup Day Conference on December 10. The 2020 event features Keynote sessions from:

  • Mirco Hering, Global DevOps Practice Lead / ANZ Modern Engineering Practice (Managing Director), Accenture
  • Patrick Debois, Director of DevOps Relations, Snyk

Additionally, the first round of industry leaders and subject matter experts confirmed to speak at Global SKILup Day include:

  • AJ Ajantha Godahewa, Senior Java Engineer & DevOps Engineer, Caterpillar Inc.
  • BMK Lakshminarayanan, Solutions Architect, Bank of New Zealand
  • Bryan Finster, Staff Software Engineer, Walmart
  • Eric Robertson, Vice President of Product Management, Onit
  • Helen Beal, Chief Ambassador, DevOps Institute
  • John Willis, Senior Director Global Transformation Office, Red Hat
  • Lisa Chan, Head of DevOps, Petronas
  • Mahfuzur Rahman, Global Change and Release Manager, Pepsico
  • Sean Mack, Chief Information Officer and Chief Information Security Officer, Wiley
  • Sendil Kumar, Senior Software Engineer, Uber
  • Shivagami Gugan, Head of Site Reliability Engineering and Cloud, Emirates Group

SKILup Festival Schedule

The week-long festival offers numerous opportunities for DevOps professionals to SKILup, advance their careers, and expand their networks, including:

  • SKILup Careers Fair
    Monday, Dec. 7
    Network with HR and hiring representatives and discover DevOps career paths at leading organizations around the globe. Hear from the hiring leaders themselves which skillsets are most important. Explore emerging and available DevOps roles.
  • Get SKIL’d Up Days
    Tuesday, Dec. 8, and Wednesday, Dec. 9
    Get SKIL’d Up Days are dedicated to getting as many DevOps Humans SKIL’d up as possible across the globe. Get SKIL’d up days include but are not limited to training sessions across multiple global regions, live labs, and hackathons.
  • Global SKILup Day
    Thursday, Dec. 10
    The second annual Global SKILup Day is back on December 10. Global SKILup Day is a one-day conference that runs continuously across global time zones for 18 hours. The conference features a powerful line-up of ‘how-to’ sessions around the process, people and technical aspects of DevOps – led by some of the industry’s leading subject matter experts. The 2020 agenda will focus on sessions on Site Reliability Engineering (SRE), DevSecOps, Cloud and Cloud Native, Observability, Continuous Delivery Ecosystem, Kubernetes and more.
  • SKILup Recap
    Friday, Dec. 11
    The final day of Global SKILup Festival Includes regional fireside chats from our local SKILup Chapters and activities dedicated to recapping the week.

If you are interested in learning about sponsorship opportunities for the Global SKILup Festival, please contact: CustomerService@DevOpsInstitute.com.

To access more DevOps resources, connect with more Humans of DevOps and continue your upskilling journey, become a DevOps Institute member: https://devopsinstitute.com/membership/.

Share This: The @DEVOPSINST just announced Global SKILup Festival featuring a virtual career fair, various opportunities & a global 18-hour conference! Learn more:  http://www.devopsinstitute.com/skilup-festival/  #SKILupDay

About the DevOps Institute
DevOps Institute is dedicated to advancing the human elements of DevOps success. As a global member-based association, DevOps Institute is the go-to learning hub connecting IT practitioners, education partners, consultants, talent acquisition and business executives to help pave the way to support digital transformation and the New IT.

We help advance careers and support emerging practices within the DevOps community based on a human-centered SKIL framework, consisting of Skills, Knowledge, Ideas, and Learning.  All of our work, including accreditations, research, events, and continuous learning programs – is focused on providing the "human know-how" to modernize IT and make DevOps succeed.

Web | https://devopsinstitute.com/
Twitter | @DEVOPSINST
LinkedIn | /devops-institute
YouTube | DevOps Institute

Media Contact:
Jeremy Douglas
Catapult PR-IR
+1 303-581-7760
jdouglas@catapultpr-ir.com

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