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NEW YORK--(BUSINESS WIRE)--Actiance Unleash 2017 Summit – CellTrust Corporation, a global leader in traceable, secure mobile communication and message aggregation, today announced integration support for Actiance, the leader in communications compliance, archiving, and analytics. CellTrust SL2™—the next generation of CellTrust SecureLine™ for mobile compliance enforcement and secure communication—is now integrated to Actiance Alcatraz archiving and Vantage compliance. The integration reduces implementation risks and lowers total cost of ownership for eDiscovery and compliance requirements. “Businesses are facing regulatory compliance requirements that need to be addressed,” said Sean Moshir, Chairman and CEO of CellTrust. “CellTrust SL2 helps meet the mobile communication compliance requirements for regulated industries. Organizations that utilize Actiance Alcatraz and Vantage can now add long-term archiving of mobile communications as well.” CellTrust partners with a number of leading enterprise mobility management (EMM) and long-term archiving providers to support an integrated, compliant BYOD solution. CellTrust SL2 allows regulated industries to put communication policies in place and enforce them. Archiving communications such as text messaging and voice have become key issues for eDiscovery. “We’re excited to have CellTrust as a key member of the Actiance ISV Program,” said Barry Ruditsky, SVP, Business Development and Global Alliances, Actiance. “As regulations for SMS and mobile voice continue to grow, it’s important for us to provide our users with the most comprehensive compliance and archiving platform. Together, we deliver a tightly integrated, highly scalable solution that increases our ability to help companies more broadly maintain compliance across mobile communications.” CellTrust SL2 is unique in that it offers traceability, management and archiving for business communications—without infringing on personal SMS and voice. This is made possible with the assignment of a Mobile Business Number (MBN). Upon registration, CellTrust SL2 assigns an MBN to create a second phone—two numbers on one device—delivering two distinct phone lines, two contact lists and two SMS/MMS inboxes, to keep business and personal communications separate. This allows organizations to trace and archive business-only SMS/MMS and voice communications with clients outside of the organization, vital to eDiscovery and regulatory compliance, including the Dodd-Frank Act, GLBA, SOX, HIPAA, and requirements put into effect by FINRA, the SEC and U.S. Federal Courts. CellTrust SL2 makes a fundamental change from device to user centricity, helping organizations take full advantage of enterprise BYOD. With its unique user-based, multi-device access, real-time analytics and expanded desktop access and user management, CellTrust SL2 delivers the usability and productivity benefits of BYOD while allowing organizations to manage, trace and archive mobile voice and SMS in support of compliance. To learn more about CellTrust SL2, visit http://www.celltrust.com/products/celltrust-sl2/. CellTrust is a leading provider of traceability and security for mobile communication for highly regulated industries and mobile aggregation across 200+ countries and over 800 carriers and mobile operators. CellTrust SecureLine™ offers archiving and protection for mobile communication content supporting enterprise mobile collaboration, eDiscovery and major global regulatory compliance for financial services, government and healthcare. Learn more at www.celltrust.com. ©2017 CellTrust Corporation. All rights reserved. CellTrust, the CellTrust logo, and the CellTrust product names and logos are either registered trademarks or trademarks of CellTrust Corporation. In addition, other companies’ names and products mentioned in this document, if any, may be either registered trademarks or trademarks of their respective owners.


SINGAPORE / ACCESSWIRE / May 25, 2017 / In an independent research report released early this morning, Capital Review released its latest findings and analysis on Verizon Communications Inc. (NYSE: VZ), including updated analyst target prices, detailed fundamental discussion, financial review and analysis, consensus estimates, share supply assessment, and this year's upcoming fiscal period upside projections. Full copy of the recently published report is available to readers at the link below. The new research report from Capital Review, available for free download at the link above, examines Verizon on a fundamental level and outlines the overall demand for products and services in addition to an in-depth review of the business strategy, management discussion, and overall direction going forward. Several excerpts from the recently released report are available to today's readers below. According to new research obtained by Capital Review, the telecom API market will exhibit a compounded annual growth rate of 19.87% from 2016 through 2021. This latest projection would result in a total market size of $231.86 billion by 2021 and could signal significant shifts ahead for Verizon Communications Inc. (NYSE: VZ). Application program interface (API) and its development over the past few years, could be one of the most overlooked industries due to its technical nature. API is a set of routines, protocols, and tools for building software applications and specifies how software components should interact, typically used to build user interface components. Through the rapid development of technology in recent years, including wider adoption of API across industry verticals, the increased dependencies on API and the resulting productivity advancements have become more apparent to all industry participants. Verizon intends to continue its expansion for capacity and density on their network. To alleviate the impact of power disruption, Verizon is adding a battery backup at every switch and macro cell. As for areas that aren't covered in the United States, Verizon has established roaming agreements for multiple wireless service providers to ensure customers are always online. Verizon is the United States' largest 4G LTE wireless service provider, available to over 98% of the U.S. population covering roughly 314 million people. Verizon continues to grow with over 114 million retail connections which brings in over $89 billion representing close to 71% of Verizon's aggregate revenues. Being the largest 4G LTE network, Verizon continues to increase capacity and intends to keep their title. Verizon intends to be the first company to deploy their wireless broadband 5G network in the United States by 2018, creating a competitive edge for other service providers to start pushing forward. In a recently obtained research report on the telecom API industry published by Markets and Markets, which outlined that the growing reliance on telecom is opening up a huge opportunity for telecom companies in the telecom API market. With higher demand comes competition, and leaves the door open for companies to establish themselves as a major player. As user experience and Machine-to-Machine devices have become an integral part of society today, companies are forced to improve telecom API. It seems that everyone worldwide is glued to their mobile devices, whether it is for the use of Social Media, SMS (Short Message Service), MMS (Multimedia Messaging Service), or (RCS) Rich Communication Service. Location API is the fastest growing market that is driving the impressive growth numbers in this industry. It is expected to continue to be a thriving industry because of the increasing need for monetizing telecom carrier service and the demand for improved mobile app experience. North America is forecast to be the largest market with Asia-Pacific expected to have the highest rate of growth in the telecom API market. In the Asia-Pacific region, the amount of cellphones and mobile apps has continued to rise which has led to a seamless adoption on the API related technology in this area. One of the factors that may restrain this market are government policies and regulations. More information is available to our subscribers by calling our Equity Research department or by downloading the original report, which can be purchased from Markets and Markets for $5,650. Capital Review is a nationally recognized publisher of financial analysis, research reports, and exclusive market reporting. Institutional investors, registered brokers, professional traders, and personal investment advisers rely on Capital Review to quantify public company valuations, discover opportunity across asset classes, stay informed about market-moving events, and read exclusive analysis of important material developments. With 14 offices worldwide, Capital Review staffs and manages certified and registered financial professionals, including Chartered Financial Analyst® (CFA®) designation holders and FINRA® BrokerCheck® certified individuals with current and valid CRD® number designations, to enable continuous coverage of topics relevant to its regular active reader base. Capital Review's oversight and audit staff are registered analysts, brokers, and/or financial advisers ("Registered Members") working within Equity Research, Media, and Compliance departments. Capital Review's roster includes qualified CFA® charterholders, licensed securities attorneys, and registered FINRA® members holding duly issued CRD® numbers. Current licensed status of several Registered Members at Capital Review have been independently verified by Accesswire staff, including policy and audit records duly executed by Registered Members. Complaints, concerns, questions, or inquiries regarding this release should be directed to Capital Review's Compliance department by Phone, at +1 (410) 280-7496, or by E-mail at [email protected]. Information contained herein is not an offer or solicitation to buy, hold, or sell any security. Capital Review, Capital Review members, and/or Capital Review affiliates are not responsible for any gains or losses that result from the opinions expressed. Capital Review makes no representations as to the completeness, accuracy, or timeliness of the material provided and all materials are subject to change without notice. Capital Review has not been compensated for the publication of this press release by any of the above mentioned companies. Capital Review is not a financial advisory firm, investment adviser, or broker-dealer, and does not undertake any activities that would require such registration. For our full disclaimer, disclosure, and terms of service please visit our website. © 2017 Capital Review. All Rights Reserved. For republishing permissions, please contact a partner network manager at [email protected]. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. FINRA®, BrokerCheck®, and CRD® are registered trademarks owned by Financial Industry Regulatory Authority, Inc.


Le réseau international et exclusif d'accélération Orange Fab est désormais accessible pour les start-ups situées en Belgique et au Luxembourg. L'objectif premier de l'Orange Fab est de créer un partenariat commercial entre des start-ups et des Business Unit d'Orange. Grâce à Orange Fab, les start-ups sélectionnées se voient offrir un accompagnement spécifique leur permettant d'accélérer leur développement en Belgique, au Luxembourg ainsi qu'à l'international via la présence mondiale d'Orange. Orange Fab est proposé aux start-ups belges et luxembourgeoises développant des produits et services dans les secteurs tels que le Big Data, l'Intelligence Artificielle, l'internet des objets, le contenu video mobile,  les objets connectés,. Grâce à Orange Fab, Orange soutient et promeut les talents numériques qui changeront demain notre façon de vivre et de travailler. Accompagnement au développement La saison 1 débutera le 1er septembre 2017. Les start-ups/scale-ups intéressées peuvent dès à présent déposer leur candidature via le site www.orangefab.be. Une fois sélectionnées par un comité composé de dirigeants d'Orange et d'experts externes, ces start-ups se verront offrir un accompagnement spécifique de 3 mois (participation à des évènements, conférences, conseils et soutiens sur les grands sujets rencontrés par l'entreprise, participation à une journée internationale de démonstration à Paris regroupant tous les Orange Fab,.), défini en fonction de leurs besoins, de la part d'experts reconnus. Pendant cette période, chaque start-up sera en contact avec une Business Unit d'Orange dans le but d'identifier une possibilité de partenariat commercial. Les start-ups soutenues par Orange bénéficieront également d'une visibilité au sein d'un écosystème dynamique et très international ainsi que d'une puissante accélération de leur développement. A propos d'Orange Fab Orange Fab est un réseau international d'accélérateurs de start-up du Groupe Orange désormais actif au sein de 14 pays. L'objectif premier de l'Orange Fab est de créer un partenariat commercial entre des start-ups et des Business Unit d'Orange. Le but est aussi d'aider les start-ups à développer leur business et leurs activités. Le réseau Orange Fab se veut un véritable tremplin pour start-ups afin d'accélérer leur croissance ainsi que leur visibilité tant au niveau local qu'au niveau international. La start-up Textolife propose de transformer ses conversations virtuelles et éphémères (SMS, MMS, WhatsApp, émojis, et Messenger) en un livre personnalisé de qualité, ou un document PDF. Cette start-up accélérée par Orange Fab France en 2016 a noué un partenariat commercial avec Orange pour la France. Au travers de ce partenariat, les clients d'Orange peuvent sauvegarder leurs conversations dans le Cloud d'Orange, les imprimer et partager celles de leur choix avec leurs amis et leurs proches. Orange Belgium est l'un des principaux opérateurs de télécommunications sur le marché belge, avec plus de 3 millions de clients, et luxembourgeois, via sa filiale Orange Communications Luxembourg.  En tant qu'acteur convergent, nous fournissons des services de télécommunications mobiles, d'internet et de télévision aux particuliers et des services mobiles et fixes innovants aux entreprises. Notre réseau mobile ultra-performant dispose des technologies 2G, 3G, 4G et 4G+ et fait l'objet d'investissements permanents. Nous sommes également un opérateur "Wholesale" et proposons l'accès à nos infrastructures et services à des partenaires. Orange Belgium est une filiale du Groupe Orange, l'un des principaux opérateurs européens et africains du mobile et de l'accès internet et l'un des leaders mondiaux des services de télécommunications aux entreprises. Orange Belgium est coté à la Bourse de Bruxelles (OBEL).


Cancels Lots of Shares from the Issued and Outstanding to make stronger shareholder equity value Caduceus Software Systems Corp (OTC PINK: CSOC) an innovative company, that develops software, software design announces to its shareholder that it has found a potential merging partner. “We have been working in the background on, please look forward to an announcement with more details of the merger candidate,” said Richard Tang, President of CSOC. “We are pleased to announce, a healthy 90,000,000 (ninety million) share cancellation that my wife and I have worked hard at putting together.  We hope shareholders can appreciate our efforts to demonstrate our commitment to value, and what better way than to reduce the number of Outstanding shares, a commitment that comes with a cost, as we give up more shares, we reduce the amount of leverage we have. We are not only reducing these shares now but want to do more in the near future. We have to work out how many we would need for potential Merger & Acquisition deals, but we are committed to shareholder value and will continue to do things like this as we strive to prove ourselves in this market,” said Tang. Certificate A is a very old certificate owned by the founder of this public company, back when the symbol was originally BCHO and then changed to CSOC. This certificate journal history is back to 2007. In a 2-year search and negotiation, Richard Tang has tracked down the certificate and the owner of the certificate. This month, Tang has privately purchased a share certificate from a certificate holder along with the holder's debt. Tang has purchased it and intends to return the shares to the treasury, thereby reducing the total issued and outstanding by 30 Million shares and approximately $60,000 of promissory note. A stock power and stock cancellation letter is already signed and stamped and to be delivered to the transfer agent.  It was amicable and agreed by all that this is for the sole benefit of the company and for the shareholder's equity structure. Certificate B is a very old certificate that was issued to Sygnit Corp for its license agreement of Caduceus MMS. This certificate journal history is back to 2009. It was then split to 5 parties and this was owned by one of them (call it Sygnit individual #1 of 5). Anna Tang has privately purchased this share certificate from “Sygnit individual #1 of 5”. The negotiation is now concrete and signed. This was a mission of ours since Richard Tang became President of CSOC and it took 12 months to pursue and execute this. Anna Tang has purchased this certificate and intends to return the shares to the treasury, thereby reducing the total issued and outstanding by 30 Million shares. A stock power and stock cancellation letter is already signed and stamped and to be delivered to the transfer agent.  It was amicable and agreed by all that this is for the sole benefit of the company and for the shareholder's equity structure. Return and Cancellation of Certificate "C" Continuing with the story of Certificate “B”, we negotiated terms to purchase Certificate C. Certificate C is a very old certificate that was issued to Sygnit Corp for its license agreement of Caduceus MMS. This certificate journal history is back to 2009. It was then split to 5 parties and this was owned by one of them (call it Sygnit individual #2 of 5). Richard Tang has privately purchased one of the biggest share certificates from “Sygnit individual #2 of 5”. The negotiation is now concrete and signed. This was a mission of ours since Richard became President of CSOC and it took 12 months to pursue and execute this. Anna Tang has purchased this certificate and intends to return the shares to the treasury, thereby reducing the total issued and outstanding by 30 Million shares. A stock power and stock cancellation letter is already signed and stamped and to be delivered to the transfer agent.  It was amicable and agreed by all that this is for the sole benefit of the company and for the shareholder's equity structure. “Anna and I are very happy with the amicable outcome. All 3 certificate owners stated above were happy for the company and happy that we are wanting to bring value and respect them as well as the Company,” said Tang. "When we took over CSOC, we needed to establish a control block large enough to prevent these 3 certificates from being deposited and take control of the company. The looming fear of this is eliminated. We now have a tighter share structure," said Tang. “We want to keep pursuing this and have the tightest structure ever so it is more powerful and impactful. We will continue to do it so it introduces more opportunities that would not have been possible before – acquisitions, partnership, share issuances for partners and companies, and etc.,” said Tang. Caduceus Software Systems Corp is an innovation company. It develops software, software design assets and technical expertise to its clients. The term, Caduceus, is an ancient symbol of good business/commerce. CSOC has made corporate partnerships in the virtualization sector. It has a reseller pro-partner agreement with Veeam and Vmware. The company is focused on innovation with search as a primary project, and has lots of experience in IT in harsh environments. It has assets and intellectual property that has accumulated for the past 5 years and will be applied to its projects. As of November 2016, the company has recently expanded its business model to include Software as a Service (Cloud business services) to obtain recurring revenue streams. It has projects in technology currently and has strategic alliances with the open source community. As of January 2017, it has a working relationship with a hardware vendor called Icon Media Holdings. It has a shared office and lab with Icon. Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements, such as the closing of the share exchange agreement. The words "wishes", "aspires", "plan", "forecast", "anticipates", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. All forward-looking statements attributable to Caduceus Software Systems Corp., herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Caduceus Software Systems Corp., disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.' For information on our latest news and our trending posts: This press release is approved by the Company


JOHNSTON, RI / ACCESSWIRE / May 10, 2017 / Caduceus Software Systems Corp. (OTC PINK: CSOC), an innovative company that develops software and software design, announces to its shareholder that it has found a potential merging partner. "We have been working in the background, please look forward to an announcement with more details of the merger candidate," said Richard Tang, President of CSOC. "We are pleased to announce a healthy 90,000,000 (ninety million) share cancellation that my wife and I have worked hard at putting together. We hope shareholders can appreciate our efforts to demonstrate our commitment to value, and what better way than to reduce the number of Outstanding shares, a commitment that comes with a cost, as we give up more shares, we reduce the amount of leverage we have. We are not only reducing these shares now but want to do more in the near future. We have to work out how many we would need for potential Merger & Acquisition deals, but we are committed to shareholder value and will continue to do things like this as we strive to prove ourselves in this market," said Tang. Certificate A is a very old certificate owned by the founder of this public company, back when the symbol was originally BCHO and then changed to CSOC. This certificate journal history is back to 2007. In a 2-year search and negotiation, Richard Tang has tracked down the certificate and the owner of the certificate. This month, Tang has privately purchased a share certificate from a certificate holder, along with the holder's debt. Tang has purchased it and intends to return the shares to the treasury, thereby reducing the total issued and outstanding by 30 million shares and approximately $60,000 of promissory note. A stock power and stock cancellation letter is already signed and stamped and to be delivered to the transfer agent. It was amicable and agreed by all that this is for the sole benefit of the company and for the shareholder's equity structure. Certificate B is a very old certificate that was issued to Sygnit Corp. for its license agreement of Caduceus MMS. This certificate journal history is back to 2009. It was then split to 5 parties and this was owned by one of them (call it Sygnit individual #1 of 5). Anna Tang has privately purchased this share certificate from "Sygnit individual #1 of 5." The negotiation is now concrete and signed. This was a mission of ours since Richard Tang became President of CSOC and it took 12 months to pursue and execute this. Anna Tang has purchased this certificate and intends to return the shares to the treasury, thereby reducing the total issued and outstanding by 30 Million shares. A stock power and stock cancellation letter is already signed and stamped and to be delivered to the transfer agent. It was amicable and agreed by all that this is for the sole benefit of the company and for the shareholder's equity structure. Return and Cancellation of Certificate "C" Continuing with the story of Certificate "B," we negotiated terms to purchase Certificate C. Certificate C is a very old certificate that was issued to Sygnit Corp. for its license agreement of Caduceus MMS. This certificate journal history is back to 2009. It was then split to 5 parties and this was owned by one of them (call it Sygnit individual #2 of 5). Richard Tang has privately purchased one of the biggest share certificates from "Sygnit individual #2 of 5." The negotiation is now concrete and signed. This was a mission of ours since Richard became President of CSOC and it took 12 months to pursue and execute this. Anna Tang has purchased this certificate and intends to return the shares to the treasury, thereby reducing the total issued and outstanding by 30 million shares. A stock power and stock cancellation letter is already signed and stamped and to be delivered to the transfer agent. It was amicable and agreed by all that this is for the sole benefit of the company and for the shareholder's equity structure. "Anna and I are very happy with the amicable outcome. All 3 certificate owners stated above were happy for the company and happy that we are wanting to bring value and respect them as well as the Company," said Tang. "When we took over CSOC, we needed to establish a control block large enough to prevent these 3 certificates from being deposited and take control of the company. The looming fear of this is eliminated. We now have a tighter share structure," said Tang. "We want to keep pursuing this and have the tightest structure ever so it is more powerful and impactful. We will continue to do it so it introduces more opportunities that would not have been possible before - acquisitions, partnership, share issuances for partners and companies, and etc.," said Tang. Caduceus Software Systems Corp is an innovation company. It develops software, software design assets and technical expertise to its clients. The term, Caduceus, is an ancient symbol of good business/commerce. CSOC has made corporate partnerships in the virtualization sector. It has a reseller pro-partner agreement with Veeam and Vmware. The company is focused on innovation with search as a primary project, and has lots of experience in IT in harsh environments. It has assets and intellectual property that has accumulated for the past 5 years and will be applied to its projects. As of November 2016, the company has recently expanded its business model to include Software as a Service (Cloud business services) to obtain recurring revenue streams. It has projects in technology currently and has strategic alliances with the open source community. As of January 2017, it has a working relationship with a hardware vendor called Icon Media Holdings. It has a shared office and lab with Icon. Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements, such as the closing of the share exchange agreement. The words "wishes," "aspires," "plan," "forecast," "anticipates," "estimate," "project," "intend," "expect," "should," "believe," and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. All forward-looking statements attributable to Caduceus Software Systems Corp., herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Caduceus Software Systems Corp., disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.' For information on our latest news and our trending posts: This press release is approved by the Company. JOHNSTON, RI / ACCESSWIRE / May 10, 2017 / Caduceus Software Systems Corp. (OTC PINK: CSOC), an innovative company that develops software and software design, announces to its shareholder that it has found a potential merging partner. "We have been working in the background, please look forward to an announcement with more details of the merger candidate," said Richard Tang, President of CSOC. "We are pleased to announce a healthy 90,000,000 (ninety million) share cancellation that my wife and I have worked hard at putting together. We hope shareholders can appreciate our efforts to demonstrate our commitment to value, and what better way than to reduce the number of Outstanding shares, a commitment that comes with a cost, as we give up more shares, we reduce the amount of leverage we have. We are not only reducing these shares now but want to do more in the near future. We have to work out how many we would need for potential Merger & Acquisition deals, but we are committed to shareholder value and will continue to do things like this as we strive to prove ourselves in this market," said Tang. Certificate A is a very old certificate owned by the founder of this public company, back when the symbol was originally BCHO and then changed to CSOC. This certificate journal history is back to 2007. In a 2-year search and negotiation, Richard Tang has tracked down the certificate and the owner of the certificate. This month, Tang has privately purchased a share certificate from a certificate holder, along with the holder's debt. Tang has purchased it and intends to return the shares to the treasury, thereby reducing the total issued and outstanding by 30 million shares and approximately $60,000 of promissory note. A stock power and stock cancellation letter is already signed and stamped and to be delivered to the transfer agent. It was amicable and agreed by all that this is for the sole benefit of the company and for the shareholder's equity structure. Certificate B is a very old certificate that was issued to Sygnit Corp. for its license agreement of Caduceus MMS. This certificate journal history is back to 2009. It was then split to 5 parties and this was owned by one of them (call it Sygnit individual #1 of 5). Anna Tang has privately purchased this share certificate from "Sygnit individual #1 of 5." The negotiation is now concrete and signed. This was a mission of ours since Richard Tang became President of CSOC and it took 12 months to pursue and execute this. Anna Tang has purchased this certificate and intends to return the shares to the treasury, thereby reducing the total issued and outstanding by 30 Million shares. A stock power and stock cancellation letter is already signed and stamped and to be delivered to the transfer agent. It was amicable and agreed by all that this is for the sole benefit of the company and for the shareholder's equity structure. Return and Cancellation of Certificate "C" Continuing with the story of Certificate "B," we negotiated terms to purchase Certificate C. Certificate C is a very old certificate that was issued to Sygnit Corp. for its license agreement of Caduceus MMS. This certificate journal history is back to 2009. It was then split to 5 parties and this was owned by one of them (call it Sygnit individual #2 of 5). Richard Tang has privately purchased one of the biggest share certificates from "Sygnit individual #2 of 5." The negotiation is now concrete and signed. This was a mission of ours since Richard became President of CSOC and it took 12 months to pursue and execute this. Anna Tang has purchased this certificate and intends to return the shares to the treasury, thereby reducing the total issued and outstanding by 30 million shares. A stock power and stock cancellation letter is already signed and stamped and to be delivered to the transfer agent. It was amicable and agreed by all that this is for the sole benefit of the company and for the shareholder's equity structure. "Anna and I are very happy with the amicable outcome. All 3 certificate owners stated above were happy for the company and happy that we are wanting to bring value and respect them as well as the Company," said Tang. "When we took over CSOC, we needed to establish a control block large enough to prevent these 3 certificates from being deposited and take control of the company. The looming fear of this is eliminated. We now have a tighter share structure," said Tang. "We want to keep pursuing this and have the tightest structure ever so it is more powerful and impactful. We will continue to do it so it introduces more opportunities that would not have been possible before - acquisitions, partnership, share issuances for partners and companies, and etc.," said Tang. Caduceus Software Systems Corp is an innovation company. It develops software, software design assets and technical expertise to its clients. The term, Caduceus, is an ancient symbol of good business/commerce. CSOC has made corporate partnerships in the virtualization sector. It has a reseller pro-partner agreement with Veeam and Vmware. The company is focused on innovation with search as a primary project, and has lots of experience in IT in harsh environments. It has assets and intellectual property that has accumulated for the past 5 years and will be applied to its projects. As of November 2016, the company has recently expanded its business model to include Software as a Service (Cloud business services) to obtain recurring revenue streams. It has projects in technology currently and has strategic alliances with the open source community. As of January 2017, it has a working relationship with a hardware vendor called Icon Media Holdings. It has a shared office and lab with Icon. Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements, such as the closing of the share exchange agreement. The words "wishes," "aspires," "plan," "forecast," "anticipates," "estimate," "project," "intend," "expect," "should," "believe," and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. All forward-looking statements attributable to Caduceus Software Systems Corp., herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Caduceus Software Systems Corp., disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.' For information on our latest news and our trending posts: This press release is approved by the Company.


News Article | May 10, 2017
Site: www.businesswire.com

RESTON, Va.--(BUSINESS WIRE)--MAXIMUS (NYSE:MMS), a leading provider of government services worldwide, announced today that the MAXIMUS Foundation has distributed more than $540,000 in grants to 183 nonprofit organizations in 30 states as part of its Spring 2017 grant cycle. As the philanthropic arm of MAXIMUS, the Foundation extends the mission of the Company by partnering with nonprofits that support the same populations and communities served by the public programs the Company operates. MAXIMUS and its employees completely fund the MAXIMUS Foundation, which provides grants to local community organizations with programs and projects in the areas of child and youth development, health and community development. The grants were distributed to the following organizations: Arizona: Childhelp Fresh Start Women's Foundation Maricopa County Community Colleges District Foundation Youth On Their Own California: America On Track CASA of Los Angeles Emilio Nares Foundation Family Health Centers of San Diego Father Joe’s Villages Food For Thought Foodbank of Santa Barbara County Fresh Start Surgical Gifts Hillsides Hugh O'Brian Youth Leadership The Illumination Foundation Keaton Raphael Memorial Life Skills Training & Educational Programs Mama's Kitchen Monarch School Project One Warm Coat Pacific Clinics Parents Helping Parents Project Dignity San Diego County Medical Society Streetlights United Through Reading Volunteers of America (N. California & N. Nevada) District of Columbia: Boys Town Washington DC Bright Beginnings Christ House The Fishing School Friends of Fort Dupont Ice Arena LIFT Mary's Center for Maternal & Child Care National Association of Women Judges Reading Partners The Salvation Army National Capital Area The Theatre Lab School of the Dramatic Arts Turning the Page Washington DC Jewish Community Center Young Playwrights' Theater Florida: 4KIDS of South Florida Abilities of Florida The Arc of Palm Beach County Coalition for the Homeless of Central Florida Kids House of Seminole New Horizons of SW FL Pinellas Co. Sheriff's Police Athletic League United Against Poverty Louisiana: The Food Bank of Central Louisiana New Orleans Education League of the Construction Industry New York: Abraham House Bailey House Center for Court Innovation/Fund for the City of New York The Children's Village Coalition for the Homeless Community Solutions International Harlem Educational Activities Fund Jewish Union Foundation New York Common Pantry Northfield Community LDC of Staten Island Olmsted Center for Sight Orange County Safe Homes Project Parsons Child and Family Center Reach Out and Read of Greater NY South Bronx Educational Foundation Women's Foundation of Genesee Valley Women's Prison Association YMCA of Greater Rochester South Carolina: The Children's Museum of the Lowcountry EdVenture Lexington Interfaith Community Services Our Lady of Mercy Community Outreach Services Palmetto Project (Begin with Books Program) Texas: Any Baby Can of San Antonio Austin Child Guidance Center Child Advocates Child Protective Services Community Partners Children's Craniofacial Association Clayton Dabney Foundation for Kids with Cancer Dallas Furniture Bank Helping Hand Home for Children Hope House of Corpus Christi Interfaith Family Services Irving Cares Manos de Cristo People's Community Clinic Randy Sams' Outreach Shelter RISE Adaptive Sports The San Antonio AIDS Foundation St. Peter-St. Joseph Children's Home Vermont: Boys and Girls Club of Rutland County Committee on Temporary Shelter Spectrum Youth and Family Services Visiting Nurse Association of Chittenden and Grand Isle Counties Virginia: All Ages Read Together The Arc of Northern Virginia Best Buddies International Bethany House of Northern Virginia Britepaths Carpenter's Shelter ChildSavers Fairfax Library Foundation ForKids Greater Washington Educational Telecommunications Association (WETA) Habitat for Humanity of Winchester-Frederick-Clarke Light House Studio Loudoun Literacy Council Shelter House United Community Ministries United Methodist Community Outreach Program of Roanoke The Up Center Wisconsin: ArtWorks for Milwaukee Boys & Girls Club of Dane County Pathfinders Wheaton Franciscan Healthcare All Saints Foundation Since 1975, MAXIMUS has operated under its founding mission of Helping Government Serve the People®, enabling citizens around the globe to successfully engage with their governments at all levels and across a variety of health and human services programs. MAXIMUS delivers innovative business process management and technology solutions that contribute to improved outcomes for citizens and higher levels of productivity, accuracy, accountability and efficiency of government-sponsored programs. With more than 18,000 employees worldwide, MAXIMUS is a proud partner to government agencies in the United States, Australia, Canada, Saudi Arabia and the United Kingdom. For more information, visit maximus.com.


VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON) a leading global provider of telecommunications and digital services headquartered in Amsterdam and serving over 235 million customers, today announces financial and operating results for the quarter ended 31 March 2017. "In the first quarter of 2017, VEON recorded double-digit revenue and EBITDA growth, boosted by currency tailwinds.  Furthermore, we generated almost USD 200 million in underlying equity free cash flow and are on track with our guidance for the year. The positive momentum of 2016 is continuing into 2017 while our Italian joint-venture also had a positive start into the year, with solid revenue growth and synergies on track. The first quarter of 2017 was pivotal for VEON, with the acceleration of our business transformation, demonstrated through several major milestones. We announced a sustainable and progressive dividend policy and paid final dividends for 2016. In addition, we accelerated our digital strategy, with the rebranding of the company as VEON. Finally, on 4 April 2017, VEON listed on Euronext Amsterdam, complementing our current listing on NASDAQ." PRESENTATION OF FINANCIAL RESULTS  VEON's results presented in this earnings release are based on IFRS and have not been audited. "EBITDA" or "reported EBITDA" presented in this document is called "Adjusted EBITDA" in the MD&A section. Certain amounts and percentages that appear in this earnings release have been subject to rounding adjustments. As a result, certain numerical figures shown as totals, including those in tables, may not be an exact arithmetic aggregation of the figures that precede or follow them. All non-IFRS measures disclosed in the document, i.e. EBITDA, EBITDA margin, underlying EBITDA, underlying EBITDA margin, EBIT, net debt, equity free cash flow, organic growth, capital expenditures excluding licenses, last twelve months (LTM) Capex excluding licenses/Revenue, are reconciled to the comparable IFRS measures in Attachment C. The financial results for Q1 2016 are also presented on a pro-forma basis assuming that the results of Warid have been consolidated (including intercompany eliminations) within VEON's results with effect from 1 January 2016, in order to assist with the year-on-year comparisons. As of 7 November 2016, VEON Ltd. owns a 50.0% share of the Italy Joint Venture. We account for the Italy Joint Venture using the equity method. We do not control the Italy Joint Venture. All information related to the Italy Joint Venture is the sole responsibility of the Italy Joint Venture's management, and no information contained herein, including, but not limited to, the Italy Joint Venture's financial and industry data, has been prepared by or on behalf of, or approved by, our management. VEON Ltd. is not making, and has not made, any written or oral representation or warranty, express or implied, of any nature whatsoever, with respect to any Italy Joint Venture information included in this report. For further information on the Italy Joint Venture and its accounting treatment, see "Item 5—Operating and Financial Review and Prospects—Key Developments and Trends—Italy Joint Venture" "Explanatory Note—Accounting Treatment of our Historical WIND Business and the new Italy Joint Venture" and Note 6 to our audited consolidated financial statements included in our Annual Report on Form 20-F for the year ended 31 December 2016. All comparisons are on a year-on-year basis unless otherwise stated. VEON: A NEW PERSONAL INTERNET EXPERIENCE AND A NEW COMPANY NAME  On 30 March 2017, VEON announced that it had secured shareholder approval to change its name from VimpelCom Ltd. to VEON Ltd. The company's intention to relaunch as VEON was announced at Mobile World Congress in Barcelona on 27 February 2017, marking an acceleration of the digital strategy to strengthen the core connectivity business, using innovative technology to drive the personal internet revolution in the markets we serve. VEON is both the new name of the company and a new personal internet platform. VEON intends to continue to build on the strength of its local brands and focus on maintaining its strong market positions. The company is continuing its drive to be a best-in-class provider of connectivity and communications services in the frontier markets it serves. The VEON platform, which will be deployed across all our markets in the coming year, transforms the customer experience for managing mobile accounts, in a radical move from the traditional bricks-and-mortar service. This unique customer engagement platform will integrate powerful data analytics and artificial intelligence, with a fresh take on messaging capabilities, enabling users and communities to connect by voice, text, picture and video through a beautifully-designed user interface. VEON LISTED ON EURONEXT IN AMSTERDAM   On 4 April  2017, VEON marked its first day of trading on Euronext Amsterdam. VEON believes that Euronext Amsterdam was a logical choice for a listing given that the company has had its headquarters in the Netherlands since 2010 and now employs a workforce of over 500 people in Amsterdam, comprised of a mix of digital, technology, engineering, legal, finance, marketing, policy and communications personnel. The listing on Euronext Amsterdam provides VEON with the opportunity to broaden our access to the Eurozone capital markets, raise its profile and visibility among European-based investors and increase its liquidity, as well as providing the potential for inclusion in European indices and extended stock coverage. No new shares were issued in connection with the listing on Euronext Amsterdam and VEON continues to trade on the NASDAQ Global Select Market. The depositary bank has agreed to waive the cancellation fees for the first 70 million NASDAQ-listed American Depositary Shares ("ADSs") transferred into ordinary shares on Euronext Amsterdam. As required by the EU Transparency Directive (Directive 2004/109/EC, as amended), VEON Ltd. hereby discloses that its home Member State is the Netherlands. The company continues to be incorporated in Bermuda. VEON's FREE FLOAT INCREASED TO 24.1% AFTER TELENOR'S SALE OF VEON SHARES  VEON's free float increased further to 24.1% after Telenor East Holding II AS ("Telenor") sold 70,000,000 common shares in the form of American Depositary Shares ("ADSs") listed on the NASDAQ Global Select Market and common shares ("common shares") listed on Euronext Amsterdam at a public offering price of USD 3.75 per ADS or common share. The transaction settled on 12 April 2017. VEON did not receive any proceeds from the sale of the shares by Telenor and Telenor's sale of the shares did not result in any dilution of the company's issued and outstanding shares. FINAL 2016 DIVIDEND OF US 19.5 CENTS PER SHARE PAID ON 12 APRIL 2017   VEON paid a dividend in respect of the 2016 financial year in the aggregate amount of US 23 cents per share, comprised of US 3.5 cents per share paid as an interim dividend in December 2016 and US 19.5 cents per share as a final dividend paid on 12 April 2017. VEON is committed to paying a sustainable and progressive dividend based on the evolution of the company's equity free cash flow.  Equity free cash flow is defined as net cash flow from operating activities less net cash used in investing activities. GTH'S SHARE BUY-BACK AND RELATED GDR PROGRAM CANCELLATION APPROVED BY ITS SHAREHOLDERS AND RESULTS IN AN INCREASE OF VEON'S STAKE IN GTH TO 57.7%  In March 2017, GTH announced the cancellation of the GDR listing. GTH previously announced on 16 January 2017 its intention to apply for the cancellation of the listing of its GDRs on the Official List (the "Official List") of the Financial Conduct Authority (the "FCA") and the cancellation of trading of the GDRs on the Main Market for Listed Securities of the London Stock Exchange plc (the "LSE"). On 20 March 2017, the Financial Conduct Authority announced that the Company's GDRs were cancelled from the FCA's Official List with effect from that time. The London Stock Exchange plc (the "LSE") also announced on 20 March 2017 that the GDRs were cancelled from admission to trading on the LSE with effect from that time. The associated depositary agreements terminated on 17 April 2017. The cancellation of the 524,569,062 ordinary shares was approved at an extraordinary general meeting of GTH's shareholders on 19 March 2017 and took effect on 16 April 2017 after ratification by the Egyptian Financial Supervisory Authority of the minutes of the 19 March 2017 extraordinary general meeting. Accordingly, VEON Ltd.'s indirect interest in GTH's shares increased to 57.7% from 51.9%. REFINANCING OF MATURING DEBT IN PROGRESS  On 29 March 2017, VimpelCom Amsterdam B.V., as the original borrower, and VimpelCom Holdings B.V., as the new borrower, entered into an amendment agreement with respect to a USD 500 million facility with AO "Alfa-Bank" as the original lender and agent, dated 2 April 2014. Pursuant to the amendment agreement, the maturity date of the facility has been extended to 17 October 2017. Further, VimpelCom Holdings B.V. has replaced VimpelCom Amsterdam B.V. as the borrower and the guarantee from VimpelCom Holdings B.V. has been terminated. In addition, VimpelCom Holdings B.V. has agreed that AO "Alfa-Bank" may assign certain of the principal amount of the facility (or transfer its obligations) to other specified lenders. On 29 March 2017, VimpelCom Holdings B.V. received confirmation from AO "Alfa-Bank" that it has assigned USD 350 million of the facility to Sberbank of Russia. In addition, on 5 April 2017, VimpelCom Amsterdam B.V., as the original borrower, and VimpelCom Holdings B.V., as the new borrower, entered into a subsequent amendment agreement with respect to a second USD 500 million facility agreement with AO "Alfa-Bank" as the original lender and agent, dated 18 April 2014. Pursuant to the amendment agreement, the maturity date of the facility has been extended to 17 October 2017. Further, VimpelCom Holdings B.V. has replaced VimpelCom Amsterdam B.V. as the borrower, and the guarantee from VimpelCom Holdings B.V. has been terminated. In addition, VimpelCom Holdings B.V. has agreed that AO "Alfa-Bank" may assign certain of the principal amount of the facility (or transfer its obligations) to other specified lenders. In addition, in Q1 2017, VEON repaid PJSC VimpelCom ruble bonds in an amount of USD 248 million. VEON also made a scheduled repayment in respect of VimpelCom Holding B.V. bonds, which were guaranteed by PJSC VimpelCom, in the amount of USD 349 million. Group revenue for Q1 2017 increased 13% year-on-year to USD 2.3 billion driven by currency appreciation and the Warid transaction with effect from 1 July 2016, while it decreased organically by 1%. Adjusting for the leap year effect, total revenue would have been stable YoY on an organic basis.  The Group experienced continued weakness in Algeria and declining fixed-line revenue in Russia which was primarily mitigated by positive revenue trends in Pakistan, Ukraine and Uzbekistan. Mobile data revenue continued to show strong organic growth of 31% and total mobile customers increased 1% to 206.5 million at the end of Q1 2017, mainly driven by customer growth in Pakistan and Ukraine. Group reported EBITDA in Q1 2017 increased 14% to USD 861 million while the underlying EBITDA was USD 891 million, reflecting an organic increase of 0.5%. The exceptional items of USD 30 million in this period primarily relate to the cost of the Group-wide performance transformation program. The reconciliation table for EBITDA and underlying EBITDA is set forth in Attachment C. In Russia, total revenue in Q1 2017 organically declined 2.1%, mainly due to a decline in fixed-line service revenue. Mobile service revenue increased organically by 1%, driven by growth in mobile data, value added services and interconnect revenue, partially offset by a decrease in voice revenue. Fixed-line service revenue decreased organically by 14%, mainly driven by the effect of the strengthening ruble on foreign currency contracts and growing penetration of FMC customers. Beeline's mobile customer base decreased by 1.2% year-on-year to 57.0 million in Q1 2017, mainly due to a decline in migrant customers.  Beeline Russia's EBITDA decreased organically by 1.4% while underlying EBITDA decreased 1.0%, after adjusting for exceptional costs related to the performance transformation program. In Pakistan, the Group closed the transaction to merge Mobilink with Warid, strengthening its leading position and, as a result, Warid's financial results have been consolidated into VEON´s financial statements with effect from 1 July 2016. Total revenue grew organically by 5%, supported by growth in all revenue streams. Data revenue grew organically by 29%, due to successful data monetization initiatives, including attractive bundle offers and the unification of the tariff portfolio, together with continued 3G network expansion.  Underlying EBITDA, excluding both restructuring costs related to the performance transformation program and integration costs related to the Warid transaction increased organically by 15%, and the underlying EBITDA margin was 43.4%, improving by almost 4 percentage points year on year. In Algeria, total revenue decreased 15% and Djezzy continued to face customer churn and ARPU erosion, the latter exacerbated by price competition. The company expects this pressure to continue, as it will take time to stabilize its commercial proposition and its customer base. Djezzy's service revenue decreased organically by 16%, while data revenue organic growth remained strong at 58%, due to the higher usage and substantial increase in data customers as a result of the 3G and 4G/LTE network roll-out. Underlying EBITDA, adjusted for exceptional costs related to the performance transformation program in Q1 2017, decreased organically by 26%, mainly due to revenue decline. In Bangladesh, total revenue decreased organically by 1%, due to an organic decline in service revenue of 3%. This decline in service revenue was partially caused by the imposition of an incremental 2% supplementary duty on recharges, effective from June 2016 on top of the 1% surcharge that had already been introduced in March 2016, together with the gap in 3G network coverage versus the market leader. In addition, there was a period of intense price competition, which accelerated following the SIM-reverification process and which more than offset the continued increase in data revenue of 43%. The company's underlying EBITDA decreased organically by 6%, mainly due to the accelerated customer acquisition activity during the quarter. In Ukraine, total revenue increased organically by 12% and mobile service revenue grew organically by 11%, driven by successful commercial activities and continued strong growth of mobile data revenue, which grew organically by 70%, driven by growing data customers, successful marketing activities and the launch of new data bundles. Underlying EBITDA, adjusted for performance transformation costs in Q1 2016 and Q1 2017, grew organically by 15%. In Uzbekistan, total revenue increased organically by 9.5% and mobile service revenue increased organically by 9.6%, primarily as a result of the impact of Beeline´s price plans being denominated in U.S. dollars, together with increased revenues from interconnect services, value added services and mobile data traffic. In particular, mobile data revenue increased organically by 30%, driven by increased smartphone penetration, promotions and the launch of new bundled offerings. Underlying EBITDA decreased organically by 4.1%, excluding the positive effect of the reversal of a litigation provision and a reversal of a bad debts provision in Q1 2016. The decrease in underlying EBITDA was mainly driven by higher interconnect costs, increased content costs, customer costs and increased structural opex. The HQ segment includes the costs of VEON's and GTH's headquarters in Amsterdam, the London digital office and the Eurasia Hub. In Q1 2017, HQ costs decreased year-on-year due to lower performance transformation costs. Other includes the results of Kazakhstan, Kyrgyzstan, Armenia, Georgia, Tajikistan and intercompany eliminations. Q1 2017 ANALYSIS  EBIT increased year-on-year in Q1 2017 to USD 345 million, due to higher EBITDA, partially offset by higher depreciation, mainly as a result of ruble appreciation and the Warid transaction with effect from 1 July 2016. Profit before tax of USD 131 million in Q1 2017, decreased year-on-year as a result of a loss in the Italy joint venture of USD 89 million and an increase in finance costs of USD 28 million. The Italy joint venture loss was mainly driven by integration costs as well as accelerated depreciation and amortization recorded in Q1 2017. The increase in finance costs was mainly caused by the additional interest expense on the GTH bonds issued in April 2016 and the consolidation of Warid debt from 1 July 2016. This was partially offset by higher EBIT and increased net foreign exchange gain, mainly driven by the strengthening of ruble against USD. Income tax expense increased in Q1 2017 to USD 142 million, mainly driven by higher profitability in countries with a higher nominal rate and a net deferred tax provision recorded in the quarter. In addition, a high effective tax rate is explained by the aforementioned net loss in respect of the Italy joint venture, which is already accounted for net of income taxes, and by non-deductible HQ expenses, which includes interest costs. Prior to the Italy joint venture closing, WIND was accounted for as a discontinued operation and the Q1 2016 results were positively affected by the fair valuation of the call options embedded in the bonds. In Q1 2017, the Company recorded a loss for the period attributable to VEON shareholders of USD 4 million. Capex excluding licenses increased 75% to USD 263 million in Q1 2017, due to higher capex in Russia and Ukraine primarily as a result of procurement-related delays in the prior year and increased capex in Pakistan due to the integration with Warid and the related 3G and 4G/LTE network expansion. The ratio of LTM capex excluding licenses to revenue was 18.7% in Q1 2017. The Company maintains its strategy of investing in high-speed data networks to capture mobile data growth, including the continued roll-out of 4G/LTE networks in Russia and Algeria and 3G networks in Algeria, Bangladesh, Pakistan and Ukraine. Assets decreased compared to Q4 2016 as the Company repaid USD 641 million of indebtedness by using cash at hand. Gross debt decreased 2% quarter-on-quarter mainly due to repayments of ruble-denominated bonds of USD 248 million and HQ bonds of USD 349 million, partially offset by the new bridge loan in GTH of USD 200 million and the impact of the ruble appreciation against the U.S. dollar. Group total cash, cash equivalents and deposits at the end of Q1 2017 amounted to USD 2,579 million. Net debt increased 7% quarter-on-quarter, primarily due to the impacts of both the GTH Share Buy-Back of USD 257 million and of the ruble appreciation on ruble-denominated debt. Net cash from operating activities increased YoY in Q1 2017 by USD 821 million, as the Q1 2016 amounts reflect the payment of USD 795 million of fines and disgorgements in relation to agreements with the SEC, DOJ and OM. Furthermore, the increase in net cash from operating activities was also driven by the increase in reported EBITDA, offset by payments made in order to settle the Iraqna litigation in an amount of USD 69 million. Net cash flow used in investing activities increased due to an increase in capex. Net cash used in financing activities was negative in Q1 2017 primarily due to the repayment of ruble bonds in an amount of USD 248 million and HQ bonds of USD 349 million. Furthermore, the cash outflow was driven by the GTH Share Buy-Back in an amount of USD 257 million and dividends paid to non-controlling interests in an amount of USD 69 million. Both the macro-economic conditions and the ruble continued to stabilize during the first quarter, but the conditions and competition in the Russian market remain challenging. Total revenue in Q1 2017 declined 2.1% to RUB 64.5 billion, due to a decline in fixed-line service revenue. Mobile service revenue increased by 1.0% to RUB 52.3 billion, driven by growth in mobile data, value added services, mobile financial services and interconnect revenue, partially offset by a decrease in voice revenue. Mobile data revenue continued its strong growth, increasing 16% to RUB 13.9 billion, which was attributable to bundle promotions, increased smartphone penetration, growth in mobile data customers and customer traffic growth. Mobile ARPU grew 3% year-on-year to RUB 302, driven by the continued efforts to simplify tariff plans and successful upselling activities, while also being supported by increased penetration of bundled propositions in the customer base. Beeline's mobile customer base decreased by 1.2% year-on-year to 57.0 million in Q1 2017, mainly due to a decline in migrant customers. The Net Promoter Score ("NPS") position is at par with our main competitors. The take up for the fixed mobile convergence ("FMC") offer continues to be strong with more than 617 thousand customers. Fixed-line service revenue decreased by 14.3% to RUB 9.7 billion mainly driven by the effect of the strengthening ruble on foreign currency contracts and growing penetration of FMC in the customer base. Reported EBITDA decreased 1.4% to RUB 24.1 billion while underlying EBITDA decreased 1.0%, adjusted for exceptional costs related to the performance transformation program of RUB 154 million in Q1 2017 and RUB 53 million in Q1 2016. The underlying EBITDA margin was 37.6%, up from 37.1% in Q1 2016. Capex excluding licenses more than doubled YoY during the quarter as a result of the accelerated roll-out of the high-speed data network, which lead to 59% 4G/LTE population coverage. The LTM capex to revenue ratio for Q1 2017 was 16.5% and LTM operating cash flow margin, defined as EBITDA underlying less capex, was 21.8% in Q1 2017. PAKISTAN  1Q16 pro-forma results assume that the results of Warid have been consolidated (including intercompany eliminations) with effect from 1 January 2016 In July 2016, VEON closed the transaction to merge Mobilink with Warid, strengthening its leading position in Pakistan, and as a result, Warid's financial results have been consolidated into VEON´s financial statements with effect from 1 July 2016. The companies received merger approval on 15 December 2016, with retrospective effect from 1 July 2016. The company started re-branding to the "Jazz" brand in January 2017, with unifying distribution channels and processes, with the aim of simplifying the customer experience. Despite the continuing aggressive price competition in the market, Jazz gained customer market share YoY in Q1, as it continued to show mid-to-high single-digit growth of both revenue and customer base. Revenue growth of 5% YoY was supported by all revenue streams; in particular, data revenue grew by 29% YoY due to growth in data customers, stimulated by attractive bundle offers, the unification of the tariff portfolio and continued 3G network expansion. The customer base increased by 9% YoY, driven by continued customer satisfaction with Jazz's focus on price simplicity, distribution availability and transparency. Jazz sees data and voice monetization among its key priorities, underpinned by the ambition to offer the best network in terms of both quality of service and coverage. In addition, Mobile Financial Services ("MFS") revenue grew by 24% YoY as monthly active Mobile Wallets crossed the 2 million mark. Underlying EBITDA margin, excluding PKR 0.6 billion of restructuring costs related to both performance transformation and the Warid integration, was 43.4% in Q1 2017, improving by almost 4 percentage points year on year. Capex increased to PKR 3.6 billion in Q1 2017 while the LTM capex to revenue ratio decreased to 17.7% in Q1 2017 and the operating cash flow margin was 34%. At the end of the first quarter, 3G was offered in more than 350 cities while 4G/LTE was offered in over 50 cities. The Warid integration is ahead of schedule and the merged entity has been providing unified on-net offers to its customers since October 2016. Gross synergies reached an annualized run-rate of over PKR 11 billion in Q1 2017. The regulator has issued the Information Memorandum (IM) for the auction of 10 MHz paired spectrum and the auction is currently expected to take place in the second quarter of 2017. The base price of spectrum which will be auctioned has been set at USD 295 million. Although Djezzy's operations continued to generate strong margins during Q1 2017, the business has experienced continued pressure on results. Revenue decreased at double-digit rates and Djezzy continued to face customer churn and ARPU erosion, the latter exacerbated by price competition. The company expects this pressure to continue, as it will take time to stabilize its commercial proposition and its customer base. In addition, the macro environment also remains challenging as characterized by an accelerating inflation rate, which rose to approximately 8% in February 2017. Following the appointment of Matthieu Galvani as Chief Executive Officer of Djezzy on 26 January 2017, the recruitment of the remainder of the new leadership team has been completed in order to drive the turnaround and the transformation of Djezzy into a digital leader. As disclosed in Q4 2016, the regulatory environment has recently improved in Algeria, although the mobile termination rate ("MTR") asymmetry for Djezzy is a topic still under discussion with the regulator. From a taxation perspective, starting from January 2017, the new Finance law increased pressure through an increase of VAT from 7% to 19% on data services and from 17% to 19% on voice services, and also increased taxes on recharges from 5% to 7%. These higher indirect taxes influenced Djezzy's performance in relation to both revenue and EBITDA as these taxes could not be passed on to customers. VEON's customer base in Algeria decreased 4% year-on-year to 16.1 million caused as a result of the competitive pressure in the market; while ARPU declined by 12% due to the combined impact of historic 3G coverage shortfalls, sub-optimal changes in early 2016 to both billing increments and the commission structure for indirect distribution, which were partially corrected in Q2 2016, and forced migrations from legacy tariffs from late 2015 onwards. As a result, Djezzy's Q1 2017 service revenue was DZD 25.0 billion, a 16% reduction, while data revenue growth remained strong at 58%, due to the higher usage and substantial increase in data customers as a result of the 3G and 4G/LTE network roll-out. The company is taking structural measures to improve performance and stabilize its customer base, including distribution transformation and mono-brand roll-out, accelerating its 4G/LTE network deployment, promoting micro campaigns with tailored services to increase satisfaction, data monetization activities and smartphone promotions coupled with bundle offers. The company believes that the simplified data centric pricing architecture, in place since Q3 2016 is contributing to the positive data revenue trend. In Q1 2017, EBITDA decreased 27% to DZD 12.5 billion primarily due to the revenue decline while EBITDA margin remained strong at 49.2% mainly due to a decline in personnel costs driven by the performance transformation program. Underlying EBITDA decreased 26%, adjusted for exceptional costs of DZD 0.1 billion related to the performance transformation program in Q1 2017 and underlying EBITDA margin, net of VAT impact and tax impact on recharges, would have been at 51%. At the end of Q1 2017, the company's 4G/LTE services covered 20 wilayas and more than 20% of the country's population. The 3G roll-out across all of Algeria's 48 wilayas has been completed and Djezzy is leading in NPS (Net Promoter Score). Finally, in Q1 2017 capex was DZD 2.9 billion, broadly flat year on year, while the LTM capex to revenue ratio was 16.6% with a strong operating cash flow margin at 38%, showing stable sequential performance. In Bangladesh, the operational focus during Q1 2017 continued to be on improving network coverage, in order to address the 3G gap vis-à-vis the competition, and on customer acquisition following the completion of the Government-mandated SIM re-verification program, which contributed to a slowdown of acquisition activity across the market from the earlier part of 2016. In Q1 2017, excluding the results of the re-verification process, which resulted in 3.8 million SIM cards being blocked by Banglalink, the customer base would have increased by 9% YoY. On a QoQ basis, the customer base grew by 0.1 million in Q1 2017. Total revenue in Q1 2017 decreased by 1% YoY while Banglalink's service revenue decreased 3% to BDT 11.7 billion. The low single-digit decline in service revenue was partially caused by the imposition of an incremental 2% supplementary duty on recharges, effective from June 2016, on top of the 1% surcharge already introduced in March 2016, together with the gap in 3G network coverage versus the market leader. In addition, there was a period of intense price competition, which accelerated following the SIM re-verification process and which more than offset the continued increase in data revenue of 43%. This data revenue growth was driven by data traffic growth of 93% along with 4% growth in active data users which resulted in a 2.3% growth in Banglalink's ARPU in Q1 2017. In Q1 2017, Banglalink's underlying EBITDA decreased by 6% to BDT 5.5 billion, as a result of higher customer acquisition and higher costs of handsets, more than offsetting savings from the performance transformation program. As a result, in Q1 2017, the underlying EBITDA margin was 46%, which represents a YoY reduction of 2.2 percentage points. In Q1 2017, capex decreased 43% YoY to BDT 0.8 billion, with an LTM capex to revenue ratio of 20.9% and an operating cash flow margin of 39%. Banglalink continues to invest in efficient, high-speed data networks aiming to substantially improve its 3G network coverage, which covered 65% of the population at the end of Q1 2017. Kyivstar continued to deliver strong results in Q1 2017, despite a challenging macro-economic environment and a weakening currency and the company remains the clear leader in both revenue market share and NPS. Total revenue increased 12% year-on-year to UAH 3.9 billion in Q1 2017 while mobile service revenue grew 11% to UAH 3.6 billion, driven by successful commercial activities and continued strong growth of mobile data revenue, which grew 70%, driven by growing data customers, successful marketing activities and the launch of new data bundles. As a result, data consumption per user more than doubled in Q1 2017 compared with the same quarter in the previous year. Kyivstar´s mobile customer base increased 3% to 26.0 million in Q1 2017, as a result of improvements in churn and increased gross additions, which increased by 9% year-on-year driven by promotional activities for B2C customers. Q1 2017 ARPU increased by 7.9% to UAH 45. Fixed-line service revenue strongly increased 14% to UAH 295 million, supported by fixed residential broadband (''FTTB'') revenue, which continued to outgrow the market, increasing 15%, driven primarily by FTTB re-pricing and the improved quality of the customer base. The fixed broadband customer base grew 0.4% to 818 thousand, and fixed broadband ARPU increased 14% YoY to UAH 69. EBITDA increased 14% to UAH 2.1 billion in Q1 2017 and the reported EBITDA margin was 53.6%. Underlying EBITDA, adjusted for performance transformation costs in Q1 2016 and Q1 2017, grew 15% YoY, driven by higher revenue and lower interconnect costs, partially offset by higher roaming costs due to both increased traffic and a negative FOREX effect, increases in commercial costs and structural opex, mainly driven by license and frequency fees. Underlying EBITDA margin increased 1.6 percentage points to 53.6%. Q1 2017 capex was UAH 737 million with an LTM capex to revenue ratio of 20.6%, and LTM operating cash flow margin, defined as EBITDA underlying less capex, was a strong 32% in Q1 2017. Kyivstar continued to roll-out its 3G network in Q1 2017 reaching a population coverage of 64% from 40% last year. Beeline continues to hold the leading position in both revenue market share and NPS in a highly competitive market. Total revenue increased 9.5% in Uzbekistan while mobile service revenue increased 9.6% to UZS 510 billion, mainly as a result of the impact of Beeline´s price plans being denominated in U.S. dollars and successful marketing activities, together with increased revenues from interconnect services, value added services and mobile data. Mobile data revenue increased 30%, driven by the continued high-speed data network roll-out, increased smartphone penetration and the launch of new bundled offerings. The overall customer base increased 1% to 9.5 million, reporting the first growth since Q4 2014, driven by strong gross additions and lower churn which improved on an annualized basis by 1 percentage point to 48% as a result of successful commercial activities during the quarter. Reported EBITDA decreased 7.1% compared to the prior year and underlying EBITDA decreased 4.1%, excluding the positive effect of the reversal of a litigation provision of UZB 5.2 billion and a reversal of a bad debts provision of UZB 3.9 billion in Q1 2016. The decrease in underlying EBITDA was mainly driven by higher interconnect costs as a result of both higher off-net usage and a negative currency effect, together with increases in content costs, customer costs and structural opex. As a result, the underlying EBITDA margin was 51.6% in Q1 2017. Capex was UZS 74.9 billion and the LTM capex to revenue ratio was 26%, mainly due to prepayments of equipment in Q4 2016 for 2017 deployment. The company continued to invest in its high-speed data networks as it improved the 4G/LTE coverage in Tashkent and increased the number of 3G sites by 36%. Further improvements to the high-speed data networks will continue to be a priority for Beeline in 2017. The cash and deposits balances of UZS 2,476 billion (USD 689 million) are considered to be largely restricted from repatriation due to local government and central bank regulations. Wind Tre total revenue in Q1 2017 increased 2.1% to EUR 1.6 billion driven by higher sales of mobile handsets coupled with 2.3% growth in fixed service revenue and broadly stable results in mobile service revenue, which grew by 0.4% when adjusted for the leap year effect. This mobile service revenue performance was driven by a double digit increase in mobile internet revenue, up 12.1% to EUR 352 million, with mobile data customers growing 5.0% to 19.5 million. At the end of Q1 2017 Wind Tre's mobile customer base was 30.9 million subscribers, continuing its market leading position with a market share above 37%. In Q1 2017, mobile ARPU remained stable at EUR 11.1 with the 5.8% increase in data ARPU fully compensating for the decline in voice. Fixed line service revenue was driven by an 8.6% growth in broadband revenue to EUR 152 million, with direct and broadband customers growing 1.8% and 2.4%, respectively. The fixed line direct customer base in Q1 2017 reached 2.5 million with the broadband component at 2.35 million as a result of the increased demand in Italy for broadband connections for both DSL and Fiber. Both fixed ARPU and broadband ARPU in Q1 2017 showed solid performance, increasing by 2.9% and 6.0%, respectively. In Q1 2017, underlying EBITDA, excluding non-recurring items, grew strongly by 9.7% to EUR 517 million, driven by stable service revenue, cost efficiency initiatives and first synergies. As a result, the underlying EBITDA margin for Q1 2017 increased by 2.3 percentage points to 33.3%. Capex in Q1 2017 totaled EUR 240 million and was primarily focused on capacity and coverage of the 4G/LTE and HSPA+. The net leverage ratio (net debt / LTM EBITDA underlying2) was at 4.1x at the end Q1 2017. 1) The ''combined data'' for Q1 2016 consists of the sum of the WIND and 3 Italia businesses results, respectively, for the three months ended 31 March 2016, prior to the merger of the two businesses. The Q1 2016 data related to 3 Italia was obtained through due diligence performed as part of the merger process. The company has included this "combined data" because it believes that financial information on the Italy joint venture is relevant to its business and results for the financial quarter. Going forward, the company expects to include financial information related to the Italy joint venture in the publication of its financial results. It should be noted that the company owns 50% of the Italy joint venture, while the results above reflect the entire business 2) Q1 2017 LTM EBITDA underlying used for the leverage ratio excludes approximately EUR 119 million of integration costs CONFERENCE CALL INFORMATION   On 11 May 2017, VEON will also host a conference call at 14:00 CEST (13:00 BST) through video webcast on its website and through following dial-in numbers. The call and slide presentation may be accessed at http://www.veon.com The conference call replay and the slide presentation webcast will be available until 15 May 2017. The slide presentation will also be available for download on VEON's website. Investor and analyst call replay US Replay Number: +1 866 932 5017 Confirmation Code: 2030328 UK Replay Number: 0800 358 7735 Confirmation Code: 2030328 DISCLAIMER  This press release contains "forward-looking statements", as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by words such as "may," "might," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "seek," "believe," "estimate," "predict," "potential," "continue," "contemplate," "possible" and other similar words. Forward-looking statements include statements relating to, among other things, VEON's plans to implement its strategic priorities, including with respect to its performance transformation, among others; anticipated performance and guidance for 2017, including VEON's ability to generate sufficient cash flow; future market developments and trends; expected synergies of the Italy Joint Venture, including expectations regarding capex and opex benefits; realization of the synergies of the Warid transaction; operational and network development and network investment, including expectations regarding the roll-out and benefits of 3G/4G/LTE networks, as applicable and the Company's ability to realize its targets and strategic initiatives in its various countries of operation. The forward-looking statements included in this release are based on management's best assessment of the Company's strategic and financial position and of future market conditions, trends and other potential developments. These discussions involve risks and uncertainties. The actual outcome may differ materially from these statements as a result of demand for and market acceptance of VEON's products and services; continued volatility in the economies in VEON's markets; unforeseen developments from competition; governmental regulation of the telecommunications industries; general political uncertainties in VEON's markets; government investigations or other regulatory actions and/or litigation with third parties; failure to realize the expected benefits of the Italy Joint Venture or the Warid transaction as expected or at all due to, among other things, the parties' inability to successfully implement integration strategies or otherwise realize the anticipated synergies; risks associated with data protection or cyber security, other risks beyond the parties' control or a failure to meet expectations regarding various strategic initiatives, including, but not limited to, the performance transformation program, the effect of foreign currency fluctuations, increased competition in the markets in which VEON operates and the effect of consumer taxes on the purchasing activities of consumers of VEON´s services. Certain other factors that could cause actual results to differ materially from those discussed in any forward-looking statements include the risk factors described in the Company's Annual Report on Form 20-F for the year ended December 31, 2016 filed with the U.S. Securities and Exchange Commission (the "SEC") and other public filings made by VEON with the SEC. Other unknown or unpredictable factors also could harm our future results. New risk factors and uncertainties emerge from time to time and it is not possible for our management to predict all risk factors and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Under no circumstances should the inclusion of such forward-looking statements in this press release be regarded as a representation or warranty by us or any other person with respect to the achievement of results set out in such statements or that the underlying assumptions used will in fact be the case. Therefore, you are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements speak only as of the date hereof. We cannot assure you that any projected results or events will be achieved. Except to the extent required by law, we disclaim any obligation to update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made, or to reflect the occurrence of unanticipated events. Furthermore, elements of this release contain, or may contain, "inside information" as defined under the Market Abuse Regulation (EU) No. 596/2014. All non-IFRS measures disclosed in the document, i.e. EBITDA, EBITDA margin, underlying EBITDA, underlying EBITDA margin, EBIT, net debt, equity free cash flow, organic growth, capital expenditures excluding licenses, last twelve months (LTM) Capex excluding licenses/Revenue, are reconciled to comparable IFRS measures in Attachment C. VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity, with the ambition to lead the personal internet revolution for the 235 million+ customers it currently serves, and many others in the years to come. go to our website @ http://www.veon.com For more information on interim financial schedules please refer to MD&A and financial statements section. For more information on financial and operating data for specific countries, please refer to the supplementary file Factbook1Q2017.xls on VEON's website at http://veon.com/Investor-relations/Reports--results/Results/. ARPU (Average Revenue per User) measures the monthly average revenue per mobile user. We generally calculate mobile ARPU by dividing our mobile service revenue during the relevant period, including data revenue, roaming revenue and interconnect revenue, but excluding revenue from connection fees, sales of handsets and accessories and other non-service revenue, by the average number of our mobile customers during the period and dividing by the number of months in that period. Wind Tre defines mobile ARPU as the measure of the sum of the mobile revenue in the period divided by the average number of mobile customers in the period (the average of each month's average number of mobile customers (calculated as the average of the total number of mobile customers at the beginning of the month and the total number of mobile customers at the end of the month) divided by the number of months in that period. Data customers are mobile customers who have engaged in revenue generating activity during the three months prior to the measurement date as a result of activities including USB modem Internet access using 2.5G/3G/4G/HSPA+ technologies. Wind Tre measures mobile data customers based on the number of active contracts signed and includes customers who have performed at least one mobile Internet event during the previous month. For Algeria, mobile data customers are 3G customers who have performed at least one mobile data event on the 3G network during the previous four months. Capital expenditures (capex) are purchases of new equipment, new construction, upgrades, software, other long lived assets and related reasonable costs incurred prior to intended use of the non-current asset, accounted at the earliest event of advance payment or delivery. Long-lived assets acquired in business combinations are not included in capital expenditures. EBIT is a non-IFRS measure and is calculated as EBITDA plus depreciation, amortization and impairment loss. Our management uses EBIT as a supplemental performance measure and believes that it provides useful information of earnings of the Company before making accruals for financial income and expenses and net foreign exchange (loss)/gain and others. Reconciliation of EBIT to net income attributable to VEON Ltd., the most directly comparable IFRS financial measure, is presented in the reconciliation tables section in Attachment below. Adjusted EBITDA (called "EBITDA" in this document) is a non-IFRS financial measure. EBITDA is defined as earnings before interest, tax, depreciation and amortization. VEON calculates EBITDA as operating income before depreciation, amortization, loss from disposal of non-current assets and impairment loss and includes certain non-operating losses and gains mainly represented by litigation provisions for all of its Business Units except for its Russia Business Unit. The Russia Business Unit's EBITDA is calculated as operating income before depreciation, amortization, loss from disposal of non-current assets and impairment loss. EBITDA should not be considered in isolation or as a substitute for analyses of the results as reported under IFRS. Our management uses EBITDA and EBITDA margin as supplemental performance measures and believes that EBITDA and EBITDA margin provide useful information to investors because they are indicators of the strength and performance of the Company's business operations, including its ability to fund discretionary spending, such as capital expenditures, acquisitions and other investments, as well as indicating its ability to incur and service debt. In addition, the components of EBITDA include the key revenue and expense items for which the Company's operating managers are responsible and upon which their performance is evaluated. EBITDA also assists management and investors by increasing the comparability of the Company's performance against the performance of other telecommunications companies that provide EBITDA information. This increased comparability is achieved by excluding the potentially inconsistent effects between periods or companies of depreciation, amortization and impairment losses, which items may significantly affect operating income between periods. However, our EBITDA results may not be directly comparable to other companies' reported EBITDA results due to variances and adjustments in the components of EBITDA (including our calculation of EBITDA) or calculation measures. Additionally, a limitation of EBITDA's use as a performance measure is that it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenue or the need to replace capital equipment over time. Reconciliation of EBITDA to net income attributable to VEON Ltd., the most directly comparable IFRS financial measure, is presented in the reconciliation tables section in Attachment below. EBITDA margin is calculated as EBITDA divided by total revenue, expressed as a percentage. Gross Debt is calculated as the sum of long term debt and short term debt. Equity Free Cash Flow is derived from consolidated statements of cash flows and is cash flow before financing activities; net cash from operating activities less net cash used in investing activities. Reconciliation to the most directly comparable IFRS financial measure, is presented in the reconciliation tables section in Attachment below. Households passed are households located within buildings, in which indoor installation of all the FTTB equipment necessary to install terminal residential equipment has been completed. MBOU (Megabyte of use) is calculated by dividing the total data traffic by the average mobile data customers during the period. MFS (Mobile financial services) is a variety of innovative services, such as mobile commerce or m-commerce, that use a mobile phone as the primary payment user interface and allow mobile customers to conduct money transfers to pay for items such as goods at an online store, utility payments, fines and state fees, loan repayments, domestic and international remittances, mobile insurance and tickets for air and rail travel, all via their mobile phone. MNP (Mobile number portability) is a facility provided by telecommunications operators, which enables customers to keep their telephone numbers when they change operators. Mobile customers are generally customers in the registered customer base as of a given measurement date who engaged in a revenue generating activity at any time during the three months prior to such measurement date. Such activity includes any outgoing calls, customer fee accruals, debits related to service, outgoing SMS and MMS, data transmission and receipt sessions, but does not include incoming calls, SMS and MMS or abandoned calls. Our total number of mobile customers also includes customers using mobile internet service via USB modems. For our business in Italy, prepaid mobile customers are counted in our customer base if they have activated our SIM card in the last 13 months (with respect to new customers) or if they have recharged their mobile telephone credit in the last 13 months and have not requested that their SIM card be deactivated and have not switched to another telecommunications operator via mobile number portability during this period (with respect to our existing customers), unless a fraud event has occurred. Postpaid customers in Italy are counted in our customer base if they have an active contract unless a fraud event has occurred or the subscription is deactivated due to payment default or because they have requested and obtained through mobile number portability a switch to another telecommunications operator. MOU (Monthly Average Minutes of Use per User) measures the monthly average minutes of voice service use per mobile customer. We generally calculate mobile MOU by dividing the total number of minutes of usage for incoming and outgoing calls during the relevant period (excluding guest roamers) by the average number of mobile customers during the period and dividing by the number of months in that period. For our business in Italy, we calculate mobile MOU as the sum of the total traffic (in minutes) in a certain period divided by the average number of customers for the period (the average of each month's average number of customers (calculated as the average of the total number of customers at the beginning of the month and the total number of customers at the end of the month)) divided by the number of months in that period. Net debt is a non-IFRS financial measure and is calculated as the sum of interest bearing long-term debt and short-term debt minus cash and cash equivalents, long-term and short-term deposits and fair value hedges. The Company believes that net debt provides useful information to investors because it shows the amount of debt outstanding to be paid after using available cash and cash equivalents and long-term and short-term deposits. Net debt should not be considered in isolation as an alternative to long-term debt and short-term debt, or any other measure of the Company financial position. Net foreign exchange (loss)/gain and others represents the sum of Net foreign exchange (loss)/gain, Equity in net (loss)/gain of associates and Other (expense)/income (primarily (losses)/gains from derivative instruments), and is adjusted for certain non-operating losses and gains mainly represented by litigation provisions. Our management uses Net foreign exchange (loss)/gain and others as a supplemental performance measure and believes that it provides useful information about the impact of our debt denominated in foreign currencies on our results of operations due to fluctuations in exchange rates, the performance of our equity investees and other losses and gains the Company needs to manage the business. NPS (Net Promoter Score) is the methodology VEON uses to measure customer satisfaction. Organic growth in revenue and EBITDA are non-IFRS financial measures that reflect changes in Revenue and EBITDA, excluding foreign currency movements and other factors, such as businesses under liquidation, disposals, mergers and acquisitions. Reportable segments: the Company identified Russia, Algeria, Pakistan, Bangladesh, Ukraine and Uzbekistan based on the business activities in different geographical areas. Intersegment revenue is eliminated in consolidation. RECONCILIATION OF REPORTED CASH FLOW FROM CONTINUED OPERATIONS AND UNDERLYING EQUITY FREE CASH FLOW RECONCILIATION OF REPORTED AND PRO-FORMA WARID INCOME STATEMENT FOR Q1 2016 RECONCILIATION OF REVISED FINANCIAL STATEMENTS 4Q16  Subsequent to the Q4 2016 earnings release certain accounting adjustments were made to the financial statements, which are reflected in the tables below. Reported net profit for the year ended 31 December 2016 changed from USD 2,506 million as announced on 27 February 2017 to USD 2,420 million as reported in our Form 20-F. The change was due to the company completing the purchase price allocation pertaining to the formation of the Joint Venture in Italy. International Financial Reporting Standards require having such purchase price allocations completed within 12 months after the date of completion of the transaction. As a result, the company increased the depreciation and amortization expenses included in the share of results of joint ventures for the period of 5 November 2016 to 31 December 2016 by USD 86 million as compared to FY 2016 results announced on 27 February 2017. Consequently, the share of results of joint ventures for the period of 5 November 2016 to 31 December 2016 has changed from USD 145 million as announced on 27 February 2017 to USD 59 million. This non-cash adjustment had no impact on reported EBITDA. RECONCILIATION OF ITALY JV REPORTED NET RESULT IN VEON SHARE OF PROFIT/(LOSS) FROM JV AND ASSOCIATES To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/veon-reports-double-digit-revenue-and-ebitda-growth-and-nearly-usd-200-million-in-underlying-equity-free-cash-flow-in-q1-2017-fy-2017-guidance-confirmed-300455762.html


News Article | May 11, 2017
Site: www.techrepublic.com

When you sign up for a free Google Voice account , Google gives you a free phone number. Incoming calls can simultaneously ring on up to six phones linked to your account. Outbound calls can be placed using the Google Voice Android or iOS app, or from Google Voice on the web. Unfortunately, Google Voice remains a U.S. only service as of January 2014. You can schedule, screen, and transcribe calls with Google Voice. You can port your existing cell number to Google Voice, for a one-time fee of $20. Your existing cell number becomes a Google Voice number, with your existing cell service automatically being cancelled. (To continue to get cell coverage, you'll need to get a new number and/or provider.) Porting may make sense for anyone dealing with multiple devices or carriers. For example, a realtor carrying both a work and personal phone might port one number to Google Voice, then add the other to the ring group. No need to tote around two devices anymore and screening settings help filter business calls during personal time. Porting also may help people deal with cell coverage gaps. For example, if you live or work in an area with a weak cell signal, then Google Voice porting allows you to enable multi-ring to a landline, or to answer calls over an internet connection. I recently ported my existing cell number, which I've had for years, to Google Voice. The process took less than 30 hours. Since I had an existing Google Voice number, I logged in to my account settings, then selected "Change / Port" in the Phones tab. Next, I entered my existing number, which Google verified as eligible to be ported. I then reviewed and checked off six key items to verify that I understood the cost, timeline, risks and terms. Google called my cellphone, into which I typed a two-digit code displayed on my computer screen, to verify control of the phone. Finally, I confirmed my account information and paid the $20 fee with a card linked to my Google Wallet. Then I waited. Slightly less than 24-hours later, I received an email confirming that porting was complete. My cell service stopped working within a couple of hours, as expected. I went to my cell provider to activate my Android phone. A few minutes later, I had a new SIM chip and number with active service. Next, I logged in to Google Voice on the web. I chose "Add another phone". I entered the new number, then again verified the number with a two-digit code. Now, any calls to my old cell phone number would ring on my new mobile line. Additionally, in the "Calls" tab of the Google Voice settings area, I selected "Called ID (incoming)" to display the caller's number. I opened the Google Voice app on my Android phone and pressed the menu button to open Settings, then tapped "Making Calls". I chose to "Use Google Voice to make all calls". When I dial a number on my phone, the call will be routed through my Google Voice account. Recipients will see my Google Voice number, instead of my actual phone number. Android users will have a more integrated experience using Google Voice than iPhone users. iPhone users must open the Google Voice app to place calls. Android users may change the default dialer to Google Voice, then dial normally. Incoming calls work as normal on both platforms. If you send photos or video via text, Google Voice isn't for you. Google Voice supports SMS, but not MMS, as of January 2014. This feature may arrive as part of a future Hangouts integration. Currently, you can receive Google Voice calls in Hangouts. I'd expect further integration in the future. For years, smart tech folks and businesspeople have known the benefit of owning a domain name. Owning your own domain gives you control over your web presence: you can change your web host or email provider anytime. Google Voice offers similar control of your phone experience: you can change your phone carrier, where your phones ring, or customize call screening anytime. For me, that's control worth having.


News Article | May 11, 2017
Site: www.mining-journal.com

Macarthur Australia will waste no time embarking on a hunt for high-grade lithium in the world’s premier emerging hard-rock mining jurisdiction for the battery mineral of the future following completion one of the sector’s biggest new equity issues. The company, controlled by Toronto-listed Macarthur Minerals (TSX-V: MMS), is raising A$10 million via the issue of 50 million new 20c shares to step up exploration near Pilbara Minerals’ Pilgangoora lithium-tantalum project in the resource-rich Pilbara region, and advance work at the promising Yalgoo and Ravensthorpe properties, all in Western Australia. Macarthur Australia also has the Ularring hematite iron ore project in Western Australia, an asset with a significant resource base and environmental approval that has had about $60 million spent on exploration and development so far. The company, run by the same management team leading Nevada-lithium focused Macarthur Minerals, previously raised A$1.4 million via a heavily oversubscribed pre-IPO stock issue. Post the IPO it will have 164-to-189 million shares on issue, with Macarthur Minerals retaining 66-76% of the new entity. Experienced company director David Taplin, CEO of Macarthur Australia, says the company has assembled one of the largest land packages for lithium exploration in WA’s Pilbara region, and some 1,870 square kilometres of ground all up in the Pilbara, Yalgoo, Edah and Ravensthorpe regions of the state. “We feel that we are certainly in the right place at the right time,” he says. “The Pilbara is one of the best, if not the best, mining jurisdiction in the world and it’s probably the most advanced new area for the development of hard-rock lithium in the world. “WA, generally, has the world’s biggest hard-rock lithium mine and currently there is talk on several fronts of building new lithium carbonate production capacity. Either way, we see opportunities to benefit from supporting infrastructure for lithium export in the Pilbara and elsewhere in the state. “I don’t think anyone doubts that future demand for lithium is going to expand. It is hard to predict the extent of that growth because we’re effectively trying to predict the transformation from the combustion engine to the electric vehicle (EV). “But we do know that at the moment EVs only capture a very small part of the automotive market, and there is a massive move towards EVs in the next five years. Every major car company in the world is currently working on EVs and will have models out in the market in the next 12-to-24 months. “A forecast I heard 12 months ago at an international conference for lithium still resonates for me. It was said that to keep up with current demand one new mine has to be built every year for the next 10 years. “So it’s hard to predict future demand, but it’s going to be driven by the technological change we’re currently seeing all around us.” Macarthur Australia’s 18 exploration licence applications (ELAs) in the Pilbara covering 1,465sq.km cover ground seen to be prospective for lithium-caesium-tantalum (LCT) type lithium-bearing pegmatites. The tenements in the eastern Archaean Pilbara Craton are in an LCT pegmatite province in which  Wodgina-Mount Cassiterite albite and albite-spodumene sub-type pegmatite tantalum deposits, as well as the emerging Pilgangoora albite-spodumene sub-type pegmatite lithium-tantalum deposits, have been found. Taplin says the application areas have LCT-type pegmatite host rocks such as greenstone belts (meta-volcanic sequences), earlier granitoids and gneisses, and are close to post-tectonic monzogranite intrusions considered to be the source of magmatic melts that generate the LCT-type pegmatites. Limited surface sampling during 2016 field trips did produce encouraging results from identified pegmatites that warrant further exploration. Taplin says the best lithium results came from a swarm of pegmatites on an EL application area exploited in the past for tin and tantalum. A sample of lithium muscovite from one old working returned elevated lithium oxide, tantalum and tin values confirming the rare element character of the pegmatite. A feldspar-quartz-muscovite pegmatite in another ELA also returned elevated lithium oxide. Geological Survey of WA historical records show other promising results on ground in Macarthur Australia’s ELA package. The reconnaissance and historical survey results, and its work with leading mining and geological consulting firm CSA Global, have given Macarthur Australia a basis for planning geophysical radiometric survey work to probe the greenstone geology for pegmatite signatures. That would be followed by extensive on-the-ground sampling and, hopefully, a maiden drill program. “It’s certainly our main priority,” says Taplin. “We have a very large area with potentially multiple projects and we’re going to seek to develop the best resource. Our primary focus is on conducting exploration to develop an economic resource for lithium. We want to progress the company along a similar pathway to that followed by companies such as Pilbara Minerals and Altura Minerals. “Another priority exploration target is the Yalgoo project [in WA’s Murchison mineral field] where our previous sampling returned good assays for lithium – up to 3.75% lithium oxide from rock sampling. “Results from four reconnaissance trips across the [Macarthur] Pilbara, Yalgoo and Ravensthorpe ground identified several pegmatitic bodies, some containing lithium minerals, that warrant further exploration. “Our immediate focus is going to be broader scale mapping of pegmatite outcrops and further rock sampling to determine lithium mineralisation, combined with soil sampling to pick up geochemical haloes usually associated with lithium-bearing pegmatites. “Results of this work would inform drill targeting. “Macarthur Australia has demonstrated experience in managing large-scale exploration projects through to resource definition and project development.” As well as the previous work on resource development and permitting at Ularring, the Macarthur Australia management team including chairman Cameron McCall and non-executive director Alan Phillips has had plenty of experience in resource financing and development, particularly in the specialty minerals field. “We are very experienced explorers with a long history of successful exploration,” Taplin says. “In terms of technical support, we have been working closely with the respected group at CSA Global who did the technical reporting for the IPO. “This is an important and exciting step for us towards unlocking the value in what we believe is a high-quality portfolio of Australia lithium and iron ore projects. “The plan is to move very quickly to start realising that potential in the second half of this year.” See the Macarthur Australia prospectus here NOTE: The proposed issuer of the shares in the IPO is Macarthur Australia Limited ACN 616 032 298. All offers of shares in regards to the IPO of Macarthur Australia Limited are made pursuant to the Prospectus dated 20 March 2017, the First Supplementary Prospectus dated 28 April 2017 and the Second Supplementary Prospectus dated 11 May 2017, prepared in accordance with the Australian Corporations Act 2001 (Cth) and lodged with the Australian Securities and Investments Commission (ASIC).  The Prospectus, the First Supplementary Prospectus and the Second Supplementary Prospectus are available to qualified investors at www.macarthuraustralia.com. You should consider the Prospectus, the First Supplementary Prospectus and the Second Supplementary Prospectus in deciding whether to acquire the shares. Anyone who wishes to acquire shares as part of the IPO will only be able to do so by completing an application form which will be in or accompany the Prospectus, the First Supplementary Prospectus and the Second Supplementary Prospectus.

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