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News Article | May 31, 2017
Site: www.engineeringnews.co.za

Government on Wednesday ordered that Brian Molefe’s return to the helm of Eskom be rescinded and conceded that it had inflicted reputational harm on the country and the power utility. Public Enterprises Minister Lynne Brown told a media briefing she had met with the Eskom board and instructed it to remove Molefe from the post, following a decision by an inter-ministerial commission that considered the circumstances surrounding his controversial reappointment earlier this month. Brown said she would appoint an acting CEO within 48 hours, and hinted that she could also remove the board next month over the debacle that drew criticism from the ruling African National Congress and sent the opposition to court to demand Molefe’s removal. She said she would, however, wait until after Eskom’s annual general meeting in three weeks’ time. She would not act sooner so as not to cause “more scurrying in the markets”. Finance Minister Malusi Gigaba concurred that “there obviously has to be some consequences for this situation that we have come out of”. Brown said it was not clear to her at this stage whether Molefe would receive a termination pay-out, and she would discuss the issue with the board. “I have an idea in my head but I can’t put my head on the table,” she said, adding that she had not spoken to Molefe, but left it to the board to inform him of government’s decision. Molefe left Eskom under a cloud in November last year after he was implicated in former Public Protector Thuli Madonsela’s report on State capture. He was reappointed to his old post two weeks ago, for the stated reason that he had mistakenly been granted early retirement which would entitle him to a pension pay-out of R30-million, a move that was vetoed by Brown. The ministerial committee said on Wednesday it was of the view that the board could have corrected the administrative errors relating to Molefe’s contract in other ways than reinstating him. “We are saying that the decision that was taken was unfortunate,” Gigaba said. “The events of the last three weeks have been quite painful in a number of ways…. the board, if it sought to correct the anomalies in the issues that arose when the group CE resigned or retired, they could have done so administratively without having taken the decision that they took. “It has caused government a lot of harm… it has caused Eskom itself a lot of reputational damage, it has caused board members a lot of reputational damage.” Gigaba stressed that government’s decision should not be seen as a reflection on Molefe, who previously headed Transnet and served as an ANC MP for a few months this year. “He is well capable. He has proven himself in a number of his previous responsibilities. We believe he still has an enormous contribution to make to the country, in whatever way it will be.” He added: “There is no decision on our part of where he is going, there are no plans to appoint him anywhere else.” Justice Minister Michael Masutha, who led the media briefing, said Eskom had been forced to make serious concessions in the papers it filed in opposing the Democratic Alliance’s court application to have Molefe removed, including that his contract wrongly allowed him to retire at the age of 50, his current age. He said, however, the IMC’s decision should not be read as any reflection on what the outcome of the application may have been. After the announcement that Molefe’s contract was terminated, the DA’s public enterprises spokeswoman, Natasha Mazzone, said it was imperative that a full-scale parliamentary probe be instituted into the state of affairs at Eskom. Brown last week announced that she would be asking the Special Investigating Unit to investigate procurement problems at Eskom from 2007, to review all evidence gathered in the scope of seven separate investigations in recent years. This would include an investigation by PricewaterhouseCoopers that found that Eskom had failed to do due diligence when it hastily awarded a coal contract to the Gupta family’s Tegeta Exploration in 2015. Molefe and Eskom chairman Ben Ngubane on Tuesday assured Parliament’s Standing Committee on Public Accounts that there had been nothing untoward about the deal as Eskom frequently concluded coal contracts without a competitive tender to prevent load-shedding.


Merger Allows International Marketing Corporation Expansion of premium marketing services to Companies in the US. New York, NY, June 21, 2017 --( This multi company buy out and merger, includes all intellectual properties, the strategic marketing andmarket research divisions owned by Emerald. “The idea of expanding our multi cultural division and breaking new ground in the United States makes perfect sense. This deal was a long time in the making. We followed Emerald's successful career for a few years and was impressed with their work model and the creative approach to strategic marketing. We also worked with the Emerald Promotions group on a few international projects. The accolades from our international office and from other corporations who have worked with Emerald Promotions, makes this a winning situation for all those involved. We expect our international customers to benefit from the expanded services,” stated David Smith, VP of Operations at IMC. The Emerald Group of companies originally started in 2001 by three friends and college class mates. The Strategic Marketing Department was spearheaded by Karyn Joyner, one of the youngest recipients of the International Pinnacle Awards. The company quickly became “ghost marketers" for many top corporate brands by creating award winning marketing strategies and retail promotions. Ms Joyner left as a partner in 2015 to pursue her passion in technology. She was replaced by Mr. M.T. Wilson who will remain with the newly merged company. “Its bitter sweet but we believe this expansion is a great move and we look forward to continued success with IMC," stated M. T. Wilson. The New York office will relocate to Washington, DC. New York, NY, June 21, 2017 --( PR.com )-- The International Marketing Corporation, a German based Global Marketing Company with affiliates in 3 countries, announced that it has finalized the agreement to buy all shares of Emerald Promotions and The Emerald Group of companies for an undisclosed amount.This multi company buy out and merger, includes all intellectual properties, the strategic marketing andmarket research divisions owned by Emerald. “The idea of expanding our multi cultural division and breaking new ground in the United States makes perfect sense. This deal was a long time in the making. We followed Emerald's successful career for a few years and was impressed with their work model and the creative approach to strategic marketing. We also worked with the Emerald Promotions group on a few international projects. The accolades from our international office and from other corporations who have worked with Emerald Promotions, makes this a winning situation for all those involved. We expect our international customers to benefit from the expanded services,” stated David Smith, VP of Operations at IMC.The Emerald Group of companies originally started in 2001 by three friends and college class mates. The Strategic Marketing Department was spearheaded by Karyn Joyner, one of the youngest recipients of the International Pinnacle Awards. The company quickly became “ghost marketers" for many top corporate brands by creating award winning marketing strategies and retail promotions. Ms Joyner left as a partner in 2015 to pursue her passion in technology. She was replaced by Mr. M.T. Wilson who will remain with the newly merged company. “Its bitter sweet but we believe this expansion is a great move and we look forward to continued success with IMC," stated M. T. Wilson. The New York office will relocate to Washington, DC. Click here to view the list of recent Press Releases from Emerald Promotions


New Keynote Address Features ING's Tim Wood, New Silver Sponsors Include Redis Labs, Starcounter, and VoltDB FOSTER CITY, CA--(Marketwired - Jun 13, 2017) - GridGain Systems, provider of enterprise-grade in-memory computing platform solutions based on Apache® Ignite™, today announced a new keynote address, along with additional activities and new sponsors for the In-Memory Computing Summit Europe, the premier In-Memory Computing (IMC) conference for computing experts from across Europe and Asia. The In-Memory Computing Summit Europe will take place at the Mövenpick Hotel Amsterdam City Centre, June 20-21, 2017. The In-Memory Computing Summit Europe is the only industry-wide event focusing on the full range of in-memory computing technologies. It brings together computing visionaries, decision makers, experts and developers for the purpose of education, discussion and networking. New Keynote Address In addition to the strong lineup of previously announced keynote addresses, this year's event will feature Tim Wood, Head of HPC and Model Integration at ING Financial Markets, speaking on "Where Does In-Memory Computing Fit in Banking." New Breakout Sessions Two new breakout sessions have been added to the conference agenda. Niels van Noort, Enterprise Architect and Solution Principal Database & Database Management at SAP, will focus on "How SAP In-Memory Helps its Customers Be Best-Run Businesses," featuring multiple in-memory computing use cases. Dan Skatov, Head of Development for Starcounter AB, will present "With In-Memory Technology, a New Breed ISV Supports 30,000 Daily Visitors at Retailer Gekås from a Single Server." Networking Reception On the evening of June 20, following the first day of the conference, a networking reception will be held in the exhibit area, and will feature food, spirits and great conversation. Meetups The evening of June 20 will also feature a guest meetup hosted by Apache® Ignite™. Held in conjunction with the MySQL User Group NL, the meetup will feature two talks, GridGain Systems' Denis Magda on "Turbocharge your SQL queries in-memory with Apache® Ignite™", and Percona's Peter Zaitsev on "Open Source MySQL Monitoring with Percona Monitoring and Management." The meetup will take place at Booking.com and will feature food, beverages and raffle prizes, courtesy of GridGain Systems. On the evening of June 22, Data Science Amsterdam will host a guest meetup on "Apache® Ignite™ SQL Grid: Hot Blend of Traditional SQL and Swift Data Grid." The meetup will take place at Stadskantoor, Utrecht. Sponsorships Redis Labs, Starcounter and VoltDB have become In-Memory Computing Summit Europe Silver Sponsors. They join a growing list of companies that recognize that sponsoring the In-Memory Computing Summit Europe presents a unique opportunity to enhance an organization's visibility and reputation as a leader in in-memory computing products and services. Sponsors interact with key in-memory computing business and technical decision makers, connect with technology purchasers and influencers, and help shape the future of Fast Data. The current list of sponsors now includes: Registration Attendees can register via the conference website or email attendance and registration questions to info@imcsummit.org. Registration sales end on June 19, 2017. About the In-Memory Computing Summits The In-Memory Computing Summits are the only industry-wide events of their kind, tailored to in-memory computing-related technologies and solutions. They are the perfect opportunity to reach technical IT decision makers, IT implementers, and developers who make or influence purchasing decisions in the areas of in-memory computing, Big Data, Fast Data, IoT and HPC. Attendees include CEOs, CIOs, CTOs, VPs, IT directors, IT managers, data scientists, senior engineers, senior developers, architects and more. The events are unique forums for networking, education and the exchange of ideas -- ideas that power digital transformation and the future of Fast Data. For more information, visit https://imcsummit.org/us/ and follow the events on Twitter @IMCSummit. About GridGain Systems GridGain Systems is revolutionizing real-time data access and processing by offering enterprise-grade in-memory computing solutions built on Apache® Ignite™. GridGain solutions are used by global enterprises in financial, software, ecommerce, retail, online business services, healthcare, telecom and other major sectors. GridGain solutions connect data stores (SQL, NoSQL and Apache® Hadoop®) with cloud-scale applications and enable massive data throughput and ultra-low latencies across a scalable, distributed cluster of commodity servers. GridGain is the most comprehensive, enterprise-grade in-memory computing platform for high volume ACID transactions, real-time analytics, and hybrid transactional/analytical processing. For more information, visit gridgain.com. GridGain is a trademark or registered trademark of GridGain Systems, Inc. Apache, Apache Hadoop, Hadoop, Apache Ignite, and Ignite are trademarks of The Apache Software Foundation. All other product and company names herein may be trademarks of their registered owners.


CHICAGO, June 12, 2017 /PRNewswire/ -- International Millennium Consultants, Inc. (IMC) a premier provider of recruitment and staffing services specializing in Information Technology Services (IT), has been awarded a GSA Schedule 70 contract (GS-35F-393GA) and is now certified to provide staffing and recruiting services to the Federal Government. Acknowledging the growth in federal spending through the General Services Administration (GSA), IMC has placed their staffing and recruiting services on the government's electronic ordering system, GSA Advantage!®. "With over two decades in the staffing business, the opportunity to service federal agencies and help them take control of and manage their staffing requirements opens up significantly more markets for us throughout the country," states Rosalyn Berns, CEO of International Millennium Consultants, Inc. She continues, "Being a small business, unlike our larger counterparts, makes us more agile and gives us the ability to create and innovate quickly. Benefits include greater ROI, faster response times, extremely competitive rates, and high quality of the resources." IMC is a premier international staffing and consulting firm that has established a reliable market reputation for providing rapid and accurate solutions for their clients. IMC supplies expertise in Application Management, Application Design and Development, Solution Architecture and Architecture Planning, Technology Selection and Integration. IMC consultants bring a wealth of business and industry experience; they have seasoned professionals working to provide clients with the best service and solutions. Founded in 1997, International Millennium Consultants is a Self-Certified Woman Owned Small Business (WOSB) as well as a Certified Women's Business Enterprise (WBENC). Their primary focus is Technology Staffing; they understand that finding the right technical talent in business is sometimes a difficult process. IMC is committed to facilitating all of their client's needs in the form of contract and permanent hires that add to the strength of their internal staff, or interim contract solutions that rapidly fill a specialized need. Visit www.imcchicago.com for ore information. Contact for International Millennium Consultants, Inc.: Rosalyn Berns, CEO at (847) 559-9801 | Lena Kogan, VP at (847) 559-8203 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/international-millennium-consultants-secures-gsa-expands-reach-to-service-federal-agencies-300472103.html


News Article | May 23, 2017
Site: globenewswire.com

MEMPHIS, Tenn., May 23, 2017 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO) today reported net sales of $2.6 billion for its third quarter (12 weeks) ended May 6, 2017, an increase of 1.0% from the third quarter of fiscal 2016 (12 weeks).  Domestic same store sales, or sales for stores open at least one year, declined 0.8% for the quarter. Net income for the quarter increased 1.3% over the same period last year to $331.7 million, while diluted earnings per share increased 6.2% to $11.44 per share from $10.77 per share in the year-ago quarter.  As previously reported, the Company adopted a new accounting standard on August 28, 2016, related to stock option exercises.  For the quarter, the adoption of the new standard increased EPS by $0.32.  Excluding this adjustment, EPS would have increased by 3.2%. For the quarter, gross profit, as a percentage of sales, was 52.6% (21 bps deleverage versus the same period last year).  The decrease in gross margin was attributable to higher supply chain costs associated with current year inventory initiatives (-28 bps) and higher inventory shrink results (-20 bps), partially offset by lower acquisition costs.  Operating expenses, as a percentage of sales, were 32.4% (25 bps deleverage versus the same period last year).  Operating expenses, as a percentage of sales, were higher than last year primarily from fixed cost deleverage due to our comparable stores sales decline, higher self-insurance cost and increasing wage pressures, partially offset by favorability from last year’s discrete legal charge and lower incentive compensation. Under its share repurchase program, AutoZone repurchased 396 thousand shares of its common stock for $284 million during the third quarter, at an average price of $716 per share.  At the end of the third quarter, the Company had $1.051 billion remaining under its current share repurchase authorization. The Company’s inventory increased 7.3% over the same period last year, driven by new stores and increased product placement.  Inventory per location was $653 thousand versus $629 thousand last year and $665 thousand last quarter.  Net inventory, defined as merchandise inventories less accounts payable, on a per location basis, was a negative $47 thousand versus negative $69 thousand last year and negative $36 thousand last quarter. “I would like to thank all AutoZoners across the organization for their dedication to serving our customers throughout a very challenging spring sales season.  Our sales performance for the first five weeks of our quarter was significantly below our expectations, challenged by the well-publicized timing delays in IRS tax refunds.  The last seven weeks of sales demonstrated improvement, but not enough to make up for our soft start.  While this quarter’s results were below our expectations, our AutoZoners’ ongoing commitment to providing customers with Trustworthy Advice has us well positioned for the summer ahead.  Notwithstanding macro headwinds, including increasing wage pressures, we are confident in our long term positive fundamentals for sales growth, and we remain committed to driving shareholder value,” said Bill Rhodes, Chairman, President and Chief Executive Officer. During the quarter ended May 6, 2017, AutoZone opened 35 new stores and relocated two stores in the U.S., opened eight new stores in Mexico, and none in Brazil.  As of May 6, 2017, the Company had 5,381 stores in 50 states in the U.S., the District of Columbia and Puerto Rico, 499 stores in Mexico, 26 IMC branches, and nine stores in Brazil for a total count of 5,915. AutoZone is the leading retailer and a leading distributor of automotive replacement parts and accessories in the United States. Each AutoZone store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.  Many stores also have a commercial sales program that provides commercial credit and prompt delivery of parts and other products to local, regional and national repair garages, dealers, service stations, and public sector accounts.  IMC branches carry an extensive line of original equipment quality import replacement parts.  AutoZone also sells the ALLDATA brand diagnostic and repair software through www.alldata.com. Additionally, we sell automotive hard parts, maintenance items, accessories, and non-automotive products through www.autozone.com, and accessories, performance and replacement parts through www.autoanything.com, and our commercial customers can make purchases through www.autozonepro.com and www.imcparts.net.  AutoZone does not derive revenue from automotive repair or installation. AutoZone will host a conference call this morning, Tuesday, May 23, 2017, beginning at 10:00 a.m. (EDT) to discuss its third quarter results.  Investors may listen to the conference call live and review supporting slides on the AutoZone corporate website, www.autozoneinc.com by clicking “Investor Relations,” “Conference Calls.”  The call will also be available by dialing (210) 839-8923.  A replay of the call and slides will be available on AutoZone’s website.  In addition, a replay of the call will be available by dialing (203) 369-1211 through Tuesday, May 30, 2017, at 11:59 p.m. (EDT). This release includes certain financial information not derived in accordance with generally accepted accounting principles (“GAAP”).  These non-GAAP measures include adjustments to reflect return on invested capital, adjusted debt, adjusted debt to EBITDAR, and cash flow before share repurchases.  The Company believes that the presentation of these non-GAAP measures provides information that is useful to investors as it indicates more clearly the Company’s comparative year-to-year operating results, but this information should not be considered a substitute for any measures derived in accordance with GAAP.  Management targets the Company’s capital structure in order to maintain its investment grade credit ratings and manages cash flows available for share repurchase by monitoring cash flows before share repurchases, as shown on the attached tables.  The Company believes this is important information for the management of its debt levels and share repurchases.  We have included a reconciliation of this additional information to the most comparable GAAP measures in the accompanying reconciliation tables. Certain statements contained in this press release are forward-looking statements.  Forward-looking statements typically use words such as “believe,” “anticipate,” “should,” “intend,” “plan,” “will,” “expect,” “estimate,” “project,” “positioned,” “strategy” and similar expressions. These are based on assumptions and assessments made by our management in light of experience and perception of historical trends, current conditions, expected future developments and other factors that we believe to be appropriate. These forward-looking statements are subject to a number of risks and uncertainties, including without limitation: product demand; energy prices; weather; competition; credit market conditions; access to available and feasible financing; the impact of recessionary conditions; consumer debt levels; changes in laws or regulations; war and the prospect of war, including terrorist activity; inflation; the ability to hire and retain qualified employees; construction delays; the compromising of the confidentiality, availability, or integrity of information, including cyber security attacks; and raw material costs of our suppliers.  Certain of these risks are discussed in more detail in the “Risk Factors” section contained in Item 1A under Part 1 of the Annual Report on Form 10-K for the year ended August 27, 2016, and these Risk Factors should be read carefully. Forward-looking statements are not guarantees of future performance and actual results; developments and business decisions may differ from those contemplated by such forward-looking statements, and events described above and in the “Risk Factors” could materially and adversely affect our business. Forward-looking statements speak only as of the date made. Except as required by applicable law, we undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results may materially differ from anticipated results.


Caribbean-inspired locations to provide diners with convenience of self-ordering and secure payment solutions through EMV technology DALLAS, TX--(Marketwired - June 20, 2017) - Ziosk, maker of the world's first ordering, entertainment and pay-at-the table tablet, and Jimmy Buffett's Margaritaville Restaurants, part of International Meal Company, today announced a partnership to bring tabletop tablets to Margaritaville Restaurant locations. Under the partnership, Margaritaville Restaurant guests will enjoy the convenience of self-ordering and payment security at the table through Ziosk's Europay MasterCard Visa (EMV) and Point-to-Point Encryption (P2PE). P2PE technology helps to ensure sensitive credit card data is protected from first card swipe, while in transit, all the way to payment providers. The Ziosk will also help the restaurant group collect an unprecedented volume and quality of survey insights to better understand the voice of the guest. The Ziosk post-dining survey allows guests to provide real-time feedback on their dining experience and these insights provide a deep understanding of the sales and service behaviors of the servers. Margaritaville Restaurants will also be able to leverage talent management solutions through the Ziosk to better determine training needs and to identify and recognize top performing staff members. The Ziosk 7-inch tablet will be displayed on each table, enabling diners to interactively explore menu items and specials as well as order appetizers, beverages and desserts without having to wait for their server. Additionally, guests can participate in a variety of entertainment activities including trivia and games, all designed to enhance a communal experience at the table. "We are thrilled to be partnering with Ziosk to improve our payment security standards through EMV technology, while obtaining measurable and actionable data from the Ziosk surveys," said David Crabtree, President and CEO of International Meal Company U.S. "Creating a unique and wonderful dining experience is our number one priority, and the introduction of the Ziosk will give guests the choice to pay at the table for the first time, providing greater control and security, while improving efficiency on the operations side." "We are excited to be working together with International Meal Company and their Margaritaville Restaurant locations to offer guests a more convenient, secure and customized dining experience," said Austen Mulinder, CEO of Ziosk. "The Ziosk will also provide Margaritaville Restaurants with valuable and impactful survey data insights to help improve server performance, attain feedback on various menu items and ultimately enhance the guest experience." Commanding 95 percent market share in the deployed tabletop tablet space, Ziosk tablets are currently in more than 3,000 restaurants across all 50 states. Ziosk has over 170,000 tablets interacting with more than 50 million guests per month. For more information on Ziosk please visit www.ziosk.com. About Ziosk Based in Dallas, Ziosk is the maker of the first entertainment, ordering and pay-at-the-table tablet for the restaurant market. The original Ziosk technology and newly launched Ziosk Aurizon™ next generation tablets, each feature 7-inch and 8-inch devices with encrypted credit card readers. The tablets reside on each table, enabling guests to see menu items, play games, view news and entertainment, order food and beverages and 'pay on demand;' all of which gives guests control over their dining experience. With its interactive capabilities, Ziosk and its footprint have created the Ziosk® Media Network, a digital media platform for partners to create engaging experiences at the point of purchase. Ziosk is revolutionizing the experience and economics of dining. For more information, please visit www.ziosk.com. About IMCMV Holdings: IMCMV Holdings, Inc, a U.S. subsidiary of Brazilian listed company IMC Alimentação S.A. (MEAL3 BZ) "International Meal Company" own and operate select Jimmy Buffett's Margaritaville and Land Shark Bar & Grill destination restaurants throughout the United States. Recent development projects include Air Margaritaville at Miami International Airport and Margaritaville Restaurants in San Antonio, TX, Destin, FL, Pigeon Forge, TN and Mall of America. International Meal Company owns over 250 casual and quick-service restaurants in Brazil and the Caribbean, emphasizing units in airports, shopping malls and along major highways.


MELBOURNE, Australia, June 08, 2017 (GLOBE NEWSWIRE) -- Australian biopharmaceutical company Immuron Limited (ASX:IMC) (NASDAQ:IMRN), today announced the pricing of its initial public offering in the United States of 610,000 American Depository Shares ("ADSs") and warrants to purchase up to 610,000 ADSs.  Each ADS, representing 40 Ordinary Shares of the Company, and each warrant to purchase one ADS, are offered at a combined price to the public of $10.00.  The warrants will have a per ADS exercise price of $10.00, are exercisable immediately, and will have a term of five years. The gross proceeds to Immuron from this offering are expected to be $6,100,000, prior to deducting underwriting discounts, commissions and other estimated offering expenses. Immuron has granted the underwriters a 45-day option to purchase up to an additional 91,500 ADSs and/or warrants to purchase 91,500 ADSs to cover over-allotments, if any. Immuron plans to use the net proceeds from the offering to fund its ongoing clinical programs, for the repayment of certain indebtedness, to fund manufacturing costs and marketing initiatives and for working capital and other general corporate purposes. Immuron’s ADSs and warrants are scheduled to begin trading on the NASDAQ Capital Market on June 9, 2017, under the symbols “IMRN” and "IMRNW", respectively. The offering is expected to close on June 14, 2017, subject to customary closing conditions. Joseph Gunnar & Co., LLC and Rodman & Renshaw, a unit of H.C. Wainwright & Co., are acting as joint book-running managers for the offering.  Sichenzia Ross Ference Kesner LLP is acting as U.S. legal counsel to Immuron and Loeb & Loeb LLP is acting as U.S. counsel to the underwriters. The Securities and Exchange Commission declared effective a registration statement on Form F-1 relating to these securities on June 8, 2017. The offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained by contacting Joseph Gunnar & Co, LLC, Prospectus Department, 30 Broad Street, 11th Floor, New York, NY 10004, telephone 212-440-9600, email: prospectus@jgunnar.com or H.C. Wainwright & Co., 430 Park Avenue, New York, NY 10022, email: placements@hcwco.com. Investors may also obtain these documents at no cost by visiting the Securities and Exchange Commission’s website at http://www.sec.gov. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the Securities and Exchange Commission for more complete information about the Company and the offering. This press release shall not constitute an offer to sell or a solicitation of an offer to buy 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 Immuron Ltd Immuron Ltd (ASX:IMC) is a biopharmaceutical company focused on developing and commercializing oral immunotherapeutic for the treatment of many gut mediated diseases. Immuron has a unique and safe technology platform that enables a shorter development therapeutic cycle. The Company currently markets and sells Travelan® for the prevention of travelers’ diarrhea whilst its lead product candidate IMM-124E is in Phase 2 clinical trials for NASH and ASH. These products together with the Company’s other preclinical immunotherapy pipeline products targeting immune-related diseases currently under development, will meet a large unmet need in the market. For more information visit: http://www.immuron.com. Forward-Looking Statements This press release contains forward-looking statements about the Company’s expectations, beliefs and intentions. Forward-looking statements can be identified by the use of forward-looking words such as “believe”, “expect”, “intend”, “plan”, “may”, “should”, “could”, “might”, “seek”, “target”, “will”, “project”, “forecast”, “continue” or “anticipate” or their negatives or variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical matters. These forward-looking statements involve certain risks and uncertainties, including, among others, risks impacting the ability of the Company to complete any public offering of its securities because of general market conditions or other factors and risks that could cause the Company’s results to differ materially from those expected by Company management. Any forward-looking statement in this press release speaks only as of the date of this press release. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. More detailed information about the risks and uncertainties affecting the Company is contained under the heading "Risk Factors" in Immuron Ltd.'s Registration Statement on Form F-1 filed with the SEC, which is available on the SEC's website, www.sec.gov.


News Article | February 28, 2017
Site: www.prnewswire.co.uk

LONDON, Feb. 28, 2017 /PRNewswire/ -- The IoT M2M Council (IMC) today announced that Hewlett Packard Enterprise (HPE) has joined the council as a board member. The IMC is a trade association that counts as members 20,000 qualified buyers of network solutions known collectively as the "Internet of Things." HPE will take a seat on the Board of Governors of the relatively young trade association. "We see HPE as a global leader in IoT solutions, and we're proud to welcome them to help set a direction for our group," says Keith Kreisher, IMC Executive Director, "For our part, the IMC is compiling important demographic statistics extent on the use of IoT technology, in addition to providing crucial communications. We hope to learn from each other." The IMC claims to be a leading trade group serving the IoT sector, gaining over 300 new rank-and-file members weekly. Interestingly, a plurality of the IMC's members comes from "operations", as opposed to IT or R&D, and their high engagement levels illustrates their hunger for information. Some of the group's more recent projects include formation of a leadership committee of Fortune 500 IoT buyers that meets as a quarterly focus group and a software widget that surveys potential users about their readiness for IoT deployments. "There are major advancements being made in IoT solutions that can benefit enterprises from a wide range of markets, but this needs to be communicated, and we see the IMC as an important tool in making this happen," says Volkhard Bregulla, Vice President Global Manufacturing & Distribution Industry, HPE, who will represent the company on the IMC board. "HPE has made major investments in security, industry leading innovations in edge computing, and in our Universal IoT Platform, all of which have broad applications. IMC's global footprint, covering a wide array of vertical markets, will help us interact with people that are deploying these technologies." About IMC The London-based IMC is the largest and fastest-growing trade group dedicated to the global IoT/M2M sector – with over 20,000 members joining since February of 2014. Board Member-Companies include Aeris, AT&T, Digi International, HPE, Ingenu, Inmarsat, Intel, KORE, ORBCOMM, MultiTech, PTC, Re-Teck, Semtech, SIGFOX, Telit, Verizon, Vodafone, and Wipro. Visit www.iotm2mcouncil.org.


News Article | February 28, 2017
Site: en.prnasia.com

LONDON, Feb. 28, 2017 /PRNewswire/ -- The IoT M2M Council (IMC) today announced that Hewlett Packard Enterprise (HPE) has joined the council as a board member. The IMC is a trade association that counts as members 20,000 qualified buyers of network solutions known collectively as the "Internet of Things." HPE will take a seat on the Board of Governors of the relatively young trade association. "We see HPE as a global leader in IoT solutions, and we're proud to welcome them to help set a direction for our group," says Keith Kreisher, IMC Executive Director, "For our part, the IMC is compiling important demographic statistics extent on the use of IoT technology, in addition to providing crucial communications. We hope to learn from each other." The IMC claims to be a leading trade group serving the IoT sector, gaining over 300 new rank-and-file members weekly. Interestingly, a plurality of the IMC's members comes from "operations", as opposed to IT or R&D, and their high engagement levels illustrates their hunger for information. Some of the group's more recent projects include formation of a leadership committee of Fortune 500 IoT buyers that meets as a quarterly focus group and a software widget that surveys potential users about their readiness for IoT deployments. "There are major advancements being made in IoT solutions that can benefit enterprises from a wide range of markets, but this needs to be communicated, and we see the IMC as an important tool in making this happen," says Volkhard Bregulla, Vice President Global Manufacturing & Distribution Industry, HPE, who will represent the company on the IMC board. "HPE has made major investments in security, industry leading innovations in edge computing, and in our Universal IoT Platform, all of which have broad applications. IMC's global footprint, covering a wide array of vertical markets, will help us interact with people that are deploying these technologies." About IMC The London-based IMC is the largest and fastest-growing trade group dedicated to the global IoT/M2M sector – with over 20,000 members joining since February of 2014. Board Member-Companies include Aeris, AT&T, Digi International, HPE, Ingenu, Inmarsat, Intel, KORE, ORBCOMM, MultiTech, PTC, Re-Teck, Semtech, SIGFOX, Telit, Verizon, Vodafone, and Wipro. Visit www.iotm2mcouncil.org.


News Article | February 28, 2017
Site: www.prnewswire.com

LONDON, Feb. 28, 2017 /PRNewswire/ -- The IoT M2M Council (IMC) today announced that Hewlett Packard Enterprise (HPE) has joined the council as a board member. The IMC is a trade association that counts as members 20,000 qualified buyers of network solutions known collectively as the...

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