Avenix Fzco Unveils New Gold Trading Software FOREXOBOT, Transforming Market Engagement with Innovative Technology

Newly launched FOREXOBOT leverages advanced algorithms for enhanced trading on MetaTrader 4, promising a leap in trading efficacy and community collaboration.

Dubai, United Arab Emirates, 25th Jun 2024 – FOREXOBOT, a state of the art trading software, has officially launched, offering sophisticated algorithmic solutions specifically designed for gold trading on the MetaTrader 4 (MT4) platform. This state-of-the-art software empowers traders with precision strategies, dynamic money management, and trailing stop functionality, optimizing trading opportunities in the XAUUSD market.

 

Developed by Avenix Fzco, this advance forex robot integrates multiple advanced features that facilitate strategic market entry, manage multiple simultaneous trades, and employ comprehensive risk management techniques including Martingale and hedge strategies. These features are designed to maximize gains and minimize risks, ensuring a balanced approach to the volatile gold trading market.

FOREXOBOT employs advanced algorithms to detect optimal market conditions, ensuring strategic entries and exits that maximize profit potential. This precision strategy focuses on identifying the most favorable trading moments, enhancing the likelihood of successful outcomes.

The software comes equipped with robust risk management tools, including fixed Stop Loss and Take Profit levels to protect against adverse market movements. Moreover, FOREXOBOT’s capability to manage multiple trades simultaneously allows traders to diversify their portfolios and optimize capital utilization.

One of the standout attributes of FOREXOBOT is its trailing stop functionality which protects profits by allowing the stop-loss order to move with the market price when the market swings in the trader’s favor. Additionally, its fixed Stop Loss and Take Profit levels ensure that traders have stringent controls over potential losses and desired gains.

The software also features a robust community learning platform where traders can engage, share strategies, and enhance their trading skills collectively. This collaborative environment not only fosters shared learning and success but also propels individual traders towards achieving their personal investment goals.

FOREXOBOT is now available for a one-time fee, making it a worthwhile investment for serious traders looking to elevate their trading strategies and market performance.

About FOREXOBOT:

FOREXOBOT is developed by Avenix Fzco, a company dedicated to creating advanced trading solutions that integrate sophisticated algorithms and risk management tools to optimize trading outcomes. Located in Dubai, UAE, FOREXOBOT aims to support traders by providing tools that enhance their trading efficacy and community interaction.

Media Contact

Organization: Avenix Fzco

Contact Person: Robert Swanton

Website: https://forexobot.com

Email: [email protected]

City: Dubai

State: Dubai

Country: United Arab Emirates

Release Id: 25062413461

The post Avenix Fzco Unveils New Gold Trading Software FOREXOBOT, Transforming Market Engagement with Innovative Technology appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Operational Police Protective Services Has a Team of Women Security Officers for Enhanced Protection of Women-Centric Spaces

Operational Police Protective Services introduces an elite team of women security officers, enhancing safety and comfort in women-centric spaces.

Maryland, US, 24th June 2024, ZEX PR WIRE, At Operational Police Protective Services (OPPS), the safety and well-being of women in exclusive women-only facilities is of paramount importance. In response to the unique challenges these environments pose, OPPS is proud to announce its team of female security officers, specifically trained to address and mitigate security concerns in such settings.

This specialized team is not only equipped to handle general security tasks but is also prepared to manage situations unique to women’s spaces, such as fitness centers and locker rooms. These officers bring a comforting presence, allowing women to feel safe and secure while they focus on their activities without concern.

“Our commitment is to ensure a secure atmosphere where women can freely and confidently engage in their routines. Our female officers are not only selected for their robust training and security expertise but also for their ability to empathize with the concerns of women in these environments,” said the Director of Women’s Security Initiatives at OPPS.

OPPS employs women who have served in federal, state, and local agencies, and who are active or former military personnel with extensive experience in high-stakes environments. This rigorous background equips them to provide a comprehensive level of protection, making them a valuable asset for any facility focusing on women’s safety.

“We understand the importance of providing not just security, but peace of mind for women in spaces designed for them. Our officers are adept at creating an environment of trust and safety that supports the empowerment and comfort of all women,” added the Director of Women’s Security Initiatives.

The recruitment and training of these officers are stringent, ensuring they are among the most capable in the industry. Each officer brings a wealth of experience and a deep commitment to safety that resonates strongly with the needs of women-centric facilities. The approach of OPPS is detailed and client-focused, involving meticulous risk assessments and personalized security strategies to meet the specific needs of each location.

Moreover, OPPS is a fully licensed and insured entity that prides itself on professionalism and the integrity of its staff. Whether it’s routine patrols or emergency responses, these officers are trained to act swiftly and effectively, ensuring that safety is maintained without compromise.

“Security is not just about handling threats but also about providing a service that respects and understands the needs of specific groups. Our female security team exemplifies this philosophy, standing as a pillar of strength and reliability to which our clients can always turn,” concluded the CEO of OPPS.

About Operational Police Protective Services

Operational Police Protective Services (OPPS) is a leading security agency in Baltimore, MD, specializing in providing highly trained off-duty police officers and security experts for protective services. Their mission is to ensure safety, build trust, and improve the quality of life for their clients throughout the East Coast.

ATT Expands Support for SMEs with New Financial and Technological Initiatives

Singapore, 2024, June 24th – ATT, a leader in blockchain technology and digital advertising solutions, is excited to announce a series of new initiatives aimed at supporting Small and Medium-sized Enterprises (SMEs). These initiatives are designed to provide SMEs with the financial and technological infrastructure they need to thrive in a rapidly evolving digital economy. ATT recognizes the critical role that SMEs play in driving economic growth and innovation, and is committed to empowering them with the tools and resources necessary for success.

 

Key Initiatives:

 

1. Enhanced Financial Support: ATT is introducing new funding opportunities to help SMEs access the capital they need for growth and development. These funds will be available through various ATT programs tailored to meet the unique needs of SMEs. By providing easier access to financing, ATT aims to remove one of the major barriers that SMEs face in scaling their operations and reaching new markets.

 

2. Technological Infrastructure: ATT is offering SMEs access to cutting-edge blockchain and IoT technologies, enabling them to streamline operations, enhance supply chain management, and leverage real-time data for better decision-making. This technological support ensures that SMEs can operate more efficiently, reduce costs, and improve overall productivity. The integration of IoT and blockchain also opens up new possibilities for innovation, allowing SMEs to stay competitive in a fast-paced digital environment.

 

3. Community Engagement: ATT is fostering a vibrant community of SMEs by providing platforms for collaboration, knowledge sharing, and support. This community will benefit from ATT’s commitment to transparency and fair value distribution. By creating a network of like-minded businesses, ATT encourages the sharing of best practices, collaborative problem-solving, and the formation of strategic partnerships.

 

“SMEs are the backbone of our economy, and we are committed to supporting their growth and success,” said the initiator of ATT Foundation. “Our new initiatives will provide SMEs with the tools and resources they need to navigate the digital landscape and achieve their business goals. We believe that by empowering SMEs, we can drive broader economic development and innovation.”

 

ATT’s support for SMEs aligns with its vision of creating a decentralized and equitable ecosystem where businesses of all sizes can prosper. By integrating blockchain technology, ATT ensures that SMEs can operate in a secure, transparent, and efficient environment. This approach not only benefits individual businesses but also contributes to the overall health and stability of the digital economy.

 

About ATT:

 

ATT is a pioneering blockchain platform focused on transforming the digital advertising industry. By integrating blockchain, IoT, and smart contract technologies, ATT offers a secure, transparent, and decentralized ecosystem that benefits various industries, including digital finance, IoT, and smart manufacturing. ATT’s innovative solutions are designed to meet the evolving needs of the modern digital economy, providing users with the tools and resources they need to succeed.

 

For more information about ATT’s support for SMEs and other initiatives, please follow on: https://x.com/aiwayworld

 

 

Media Contact:

 

Richard Lee

[email protected]

ATT Introduces Revolutionary Timer+ Product to Transform Digital Advertising

Singapore, 2024, June 24th – ATT, a leading innovator in the blockchain and digital advertising space, is proud to announce the launch of its groundbreaking Timer+ product. This innovative offering is set to redefine the digital advertising landscape by providing unprecedented flexibility and opportunities for users to earn through mining. Timer+ represents a significant advancement in how users interact with digital assets, offering unique features that enhance the value and utility of ATT tokens.

 

Key Features of Timer+:

 

1. Flexible Mining Opportunities: Timer+ allows users to engage in flexible mining activities, offering various time frames and strategies to maximize earning potential. This flexibility enables users to tailor their mining activities to their personal schedules and preferences, ensuring that everyone, from casual users to dedicated miners, can benefit.

 

2. Enhanced Token Rewards: Users can earn ATT tokens through the Timer+ product, increasing their engagement and participation in the ATT ecosystem. The token rewards system is designed to incentivize active participation and loyalty, fostering a vibrant and engaged community of users who are invested in the success of the ATT platform.

 

3. Secure and Transparent Platform: Leveraging ATT’s robust blockchain technology, Timer+ ensures all transactions are secure and transparent, fostering trust and reliability. The use of blockchain technology guarantees that all mining activities and token distributions are recorded on an immutable ledger, providing users with complete confidence in the integrity of the system.

 

“We are excited to introduce Timer+ to our users and the broader digital advertising community,” said the initiator of ATT Foundation. “This product exemplifies our commitment to innovation and our mission to create a more equitable and transparent digital advertising ecosystem. Timer+ is not just a tool; it’s a new way for users to interact with and benefit from the digital economy.”

 

Timer+ is part of ATT’s broader strategy to integrate blockchain and IoT technologies, enhancing real-time data flow and promoting equity in digital advertising. By providing tools like Timer+, ATT empowers users to take control of their digital assets and participate actively in the ecosystem. This integration ensures that ATT remains at the forefront of technological advancements, continually providing value to its users.

 

About ATT:

 

ATT is a pioneering blockchain platform focused on transforming the digital advertising industry. By integrating blockchain, IoT, and smart contract technologies, ATT offers a secure, transparent, and decentralized ecosystem that benefits various industries, including digital finance, IoT, and smart manufacturing. ATT’s commitment to innovation and user-centric design sets it apart in the rapidly evolving digital landscape.

 

For more information about Timer+ and other ATT products, please follow on: https://x.com/aiwayworld

 

Media Contact:

 

Richard Lee

[email protected]

Galileo FX Sets New Standard in Automated Trading with Transparent Practices

Galileo FX emphasizes risk management and realistic expectations over unrealistic profit promises.

New York, NY, United States, 24th Jun 2024 – Galileo FX is announcing its new approach that emphasizes the inherent risks of trading and focuses on providing tools to manage those risks effectively. The company aims to set a standard for honesty and reliability in automated trading.

Galileo FX prioritizes transparency and realism. The software emphasizes that trading involves risks and that no system can guarantee profits without risk. This approach aims to empower traders with a realistic understanding of the market, helping them make informed decisions. To support this honest approach, Galileo FX provides advanced risk management tools to help traders limit their losses and manage risks automatically. The algorithm includes settings such as Stop Loss, Max Orders, Consecutive Signals, Lot Size, and Trailing Start & Step. These tools help traders manage risks effectively.

Galileo FX offers advanced automated trading technology designed to function independently and optimize trading efficiency without manual intervention. The software uses advanced algorithms and technical indicators to analyze market data, identify potential trading opportunities, and execute trades automatically. This allows users to benefit from continuous market monitoring and timely trade execution, 24/7.

Galileo FX emphasizes that trading results can vary based on market conditions, user settings, and other factors. The company maintains that all trading involves risk and does not guarantee specific profits or returns. This commitment to transparency helps users set realistic expectations and approach trading with an informed mindset.

“At Galileo FX, we believe in being upfront about the realities of trading. Our technology can enhance trading efficiency and performance, but it’s essential to understand that no system can eliminate risk or guarantee profits. Our goal is to provide users with the tools to manage and minimize risks effectively. Honesty and transparency are at the core of our values, and we are committed to helping our users succeed by setting realistic expectations,” said Davide Materazzi, CEO of Orion Software Development Srl, which owns Galileo FX.

Galileo FX emphasizes user autonomy, allowing traders to make all critical decisions regarding their trading strategies. The software provides tools and support but refrains from offering financial advice, ensuring that users retain full control over their trading activities. This approach promotes responsible trading and aligns with transparency standards. The trading robot hosts a private forum with over 2,000 members, where traders can share insights, strategies, and support each other in optimizing their trading performance. This community-driven environment fosters collaboration and continuous learning among users.

About Galileo FX

Galileo FX is an automated trading software designed to maximize trading efficiency. Compatible with MetaTrader 4 and MetaTrader 5 platforms, it offers fully automated trading, customizable strategies, and comprehensive risk management features. With a focus on transparency, user satisfaction, and continuous improvement, Galileo FX aims to set benchmarks in the automated trading industry.

Media Contact

Organization: Galileo FX

Contact Person: Davide Materazzi

Website: https://galileofx.com

Email: [email protected]

Contact Number: +16467988279

City: New York

State: NY

Country: United States

Release Id: 24062413272

The post Galileo FX Sets New Standard in Automated Trading with Transparent Practices appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Torq Network Revolutionizes Crypto Accessibility with User-Friendly Free Mining App Launch

Dubai, United Arab Emirates, 24th Jun 2024 – Torq Network, a pioneering force in democratizing cryptocurrency access, proudly announces the official launch of its free mining application on the Google Play Store. This milestone marks a significant step towards fostering a more inclusive and accessible crypto landscape, empowering users to participate regardless of their technical expertise.

 

A Thriving Crypto Ecosystem Breeds Innovation

The crypto market in 2024 continues to exhibit robust growth, with Bitcoin demonstrating stability around $67,600. The prevalence of established stablecoins like Tether and USD Coin underscores the maturing infrastructure of the industry. This dynamic environment creates fertile ground for innovative projects like Torq Network, which is dedicated to empowering users and unlocking the full potential of the crypto space.

 

Free Mining for All: A Core Tenet

2024 has witnessed a surge in “tap-to-mine” platforms, dismantling barriers to entry for crypto enthusiasts. Platforms such as NOT Coin, Pi Network, and Hamster Kombat have made cryptocurrency mining accessible without the need for costly hardware or technical know-how.

Torq Network steps forward as a leading proponent of this movement, offering a user-friendly platform for the free mining of native Torq tokens. Notably, Torq Network boasts a thriving and active user base that participated in a successful testing phase, laying the groundwork for a robust and engaged community.

 

Unveiling a User-Centric Feature Set

Torq Network prioritizes user experience with a comprehensive suite of features designed for ease of use and accessibility:

  • Effortless Free Mining: Initiate mining of Torq tokens with a single tap.
  • Referral Rewards Program: Expand your mining network and earn up to tier 2 referral commissions by inviting friends.
  •  Enhanced Earnings with Torq Fuel: Utilize Torq Fuel to accelerate mining speed and maximize earning potential.
  • Dedicated In-App Support: Our in-app support team is readily available to address any queries or concerns.
  • Intuitive User Interface: Navigate the app seamlessly with a user-friendly and straightforward design.

 

A Visionary Roadmap Paves the Way

Torq Network is steadfastly committed to building a holistic and comprehensive ecosystem. The upcoming launch of a decentralized exchange (DEX), SWAP, and a staking web application will solidify Torq Network’s position as a prominent player within the crypto space.

 

Join the Torq Network Revolution

Torq Network transcends the boundaries of a mere free mining app; it serves as a gateway to financial empowerment and fosters a collaborative community. With its unwavering focus on user experience and its suite of innovative features, Torq Network positions itself as a standout project poised to disrupt the crypto landscape. 

Download the Torq Network App Now: https://play.google.com/store/apps/details?id=com.torqnetwork

 

About Torq Network

Torq Network is a pioneering free mining application built upon the foundation of a strong and active user community. The platform empowers users of all technical backgrounds to participate in crypto and unlock its potential through its suite of accessible features and a visionary roadmap for the future.

Website : https://torqnetwork.com/

WhitePaper : https://whitepaper.torqnetwork.net/

X (Twitter) : https://x.com/TheTorqNetwork

Telegram: https://t.me/TheTorqNetwork

Media Contact

Organization: Torq Network

Contact Person: Ebrahim BW

Website: https://torqnetwork.com/

Email: Send Email

City: Dubai

Country: United Arab Emirates

Release Id: 24062413462

The post Torq Network Revolutionizes Crypto Accessibility with User-Friendly Free Mining App Launch appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Can TokTickBomb Become the Next Big Meme Coin Sensation

TokTickBomb, leveraging its name and robust community support, prepares for its public decentralized SOLANA chain presale on July 11 and listing on the largest exchanges on or before Sept 7th. Still, don’t forget it can be bought directly right now (nb: weekly price increases) on the BASE chain at TokTickBomb website. Expectations are high in the Web3 meme arena!

Sydney, Australia, 24th Jun 2024 – Memes have become a favorite in the Web3 space, with their popularity transcending all boundaries. Not only do speculators get excited, but even seasoned investors eagerly join the buzz when a new meme coin gains traction in the market. Memes like Doge, Shiba, Pepe, and Bonk illustrate how the cryptoverse goes wild over market hype. Recently, a new and revolutionary  meme coin called TokTickBomb has been generating significant underground noise, capturing the attention of many enthusiasts. TokTickBomb use case includes post presale Staking, NFTs and Game-Fi applications

Can TokTickBomb Become the Next Big Meme Coin Sensation?

TokTickBomb has quickly gained recognition due to its name’s similarity to TikTok, the hugely popular social media platform. This clever naming strategy has attracted significant attention. Memes are typically seen as seasonal phenomena, often raising questions about their underlying value and being dismissed as mere gambling. However, the endorsement of influential figures like Elon Musk & Arthur Hayes indicates that memes might hold more substantial potential. The decentralized nature of blockchain technology has empowered communities to add real value to their favorite memes. Memes have transformed into platforms for community-driven innovation, evolving beyond simple jokes. With strong community backing and a growing user base, memes are now focusing on utility and development. This collaborative effort highlights the positive side of memes, overshadowing criticisms of being scams. The pressing question is: Will TokTickBomb become the next big sensation in the market, or is it just a fleeting trend destined to fade away?

The TokTickBomb community is overjoyed and excited about their beloved meme’s potential, undeterred by any criticism. In a recent interview with Cryptews, the CEO of TokTickBomb said, “I’m proud of what we’ve achieved so far, particularly our community. For a meme, the community is what matters most. We have many initiatives planned to reward our holders and supporters. We’ve blended meme culture with utility, creating a powerful combination. Our fixed supply, dual-chain operation, eco-friendly approach, and top-notch passive income opportunities are what our holders and community can expect in return.”

 Further he added, “We are fully prepared for our marketing campaign, which will feature the largest influencer promotion base in history. Over 1,000 engaged influencers across platforms like X, YouTube, and TikTok will support us. Our initial goal is to reach a $100M market cap, positioning us among the top 40 meme projects in the market. From there, we aim to achieve a $1 Billion market cap, a goal that is well within reach as a top Meme coin like Pepe, Doge or Shiba. Additionally, we will have surprise unannounced token burns up to 50% and maybe more all the way in Christmas which will result in extraordinary buy pressure as supply plummets. Imagine the impact of this initiative. Importantly, we are not backed by shell companies in the Cayman Islands or the Bahamas. We are a genuine community-driven project and our upcoming Airdrop to 100s of Thousands will mean an instant and HUGE user base. Additionally to further increase access to millions, TokTickBomb right after listing on Uniswap & Raydium will be available by App for purchase using VISA/MASTERCARD credit/debit cards” 

 Memes are undeniably trending, and their hype should never be underestimated. However, with fierce competition, success is not guaranteed and limited to the few, like TokTickBomb who show great potential to stand out in this crowded space. This is something the TokTickBomb Team were very aware of from the start, i.e. STANDING OUT was mandatory. A top 40 listing of over $100M market cap is mandatory. The community remains undaunted, eagerly anticipating a meteoric rise. With the unscheduled ‘burns’ up to 50% and maybe more? – 1000x is not impossible . The team is qualified, experienced and confident, with a clear and ambitious trajectory. Could TokTickBomb become the next viral sensation? Only time will tell. The Team has already released the BASE version of the TokTickBomb presale token, which is available for immediate purchase at their website. Early BUYING as soon as possible is crucial as prices go up by 11% every 7 days and will give the earliest buyers an on paper 2x(100%) by August 31st. Additionally investors can also buy TokTickBomb on the SOLANA chain via a decentralized launchpad on July 11. Expectations are soaring, as the team appears thoroughly prepared and is rolling out an extensive marketing campaign that leads to a massive liquidity pool listing on both Uniswap and Raydium during the 1st week of September. Will there be a surprise burn – the largest yet on that date, right before listing? Only time will tell.

As the listing date approaches, the anticipation surrounding TokTickBomb continues to grow. The team’s innovative approach, strong community support, and strategic planning are set to test the project’s potential in the competitive meme space. Whether TokTickBomb will achieve lasting success or not remains to be seen, but its journey will certainly be one to watch, reflecting the dynamic and unpredictable nature of the cryptoverse. Investors and enthusiasts alike will be observing closely as TokTickBomb makes its SOLANA presale debut on July 11, 2024 and listing on or before Sept 7th. Astute buyers would already be buying the BASE version of TokTickBomb directly from the website.

Media Contact

Organization: TokTickBomb

Contact Person: James

Website: https://toktickbomb.io/

Email: Send Email

City: Sydney

Country: Australia

Release Id: 24062413464

The post Can TokTickBomb Become the Next Big Meme Coin Sensation appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Unirack Introduces Enhanced Pallet Racking System for Industrial Warehouses

Australia, 24th Jun 2024 – Unirack, a leading provider of industrial storage solutions, has announced the launch of an enhanced pallet racking system designed to improve efficiency and economy in industrial warehouses, unirack.com.au/pallet-racking/. The new system includes two types of selective pallet racking: Unirack and Unidex.

Dan Holthouse, General Manager of Unirack, commented on the launch, stating, “The new pallet racking system offers an economical and efficient solution for warehouse storage. The Unirack and Unidex systems are designed to meet the needs of modern industrial operations, providing robust and versatile storage options.”

The standard uprights pallet racking system is available in lengths ranging from 900mm to 7600mm, with options for larger sizes upon request. Unirack emphasises the use of heavy-duty racking with pre-galvanised uprights, chosen for their cost-effectiveness, durability, and resistance to chipping. This ensuresx that the racking system maintains its integrity and appearance over time.

One of the standout features of Unirack’s service is the delivery and assembly option. Customers can have their racking delivered and installed at their storage location, with the Unirack team handling the entire process, including the removal of packaging. This comprehensive service eliminates the hassle and time associated with self-assembly.

“The team understands the importance of minimising downtime in warehouse operations,” Holthouse added. “The installation service ensures that businesses can have their new racking system up and running with minimal disruption, allowing them to maintain their productivity.”

The Unirack and Unidex systems are engineered to optimise space and improve workflow within warehouses. By offering customisable lengths and robust construction, these systems provide flexibility and reliability, catering to the diverse needs of various industrial sectors.

Looking to the future, Holthouse expressed optimism about the continued innovation at Unirack. “As the team moves forward, Unirack remains committed to developing storage solutions that address the evolving challenges of the industrial sector. The focus will always be on delivering high-quality, durable products that enhance operational efficiency for the clients.”

Unirack’s enhanced pallet racking system is poised to become an integral part of warehouse operations across Australia. With a strong emphasis on quality and customer service, Unirack continues to lead the market in providing top-tier industrial storage solutions.

Unirack is a premier supplier of industrial storage solutions, specialising in pallet racking systems designed for maximum efficiency and durability. With a commitment to quality and customer satisfaction, Unirack provides comprehensive services from product selection to installation, ensuring optimal storage solutions for industrial warehouses.

For more information about Unirack’s pallet racking systems or to place an order, contact Unirack at 1300 864 725 or visit their showroom at 22 Commercial Dr, Dandenong South, VIC 3175. Further details can also be found by emailing [email protected].

Media Contact

Organization: Unirack

Contact Person: Dan Holthouse

Website: https://unirack.com.au/

Email: Send Email

Contact Number: +611300864725

Country: Australia

Release Id: 24062413455

The post Unirack Introduces Enhanced Pallet Racking System for Industrial Warehouses appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

TRUSTCO STRENGTHENS CORE HOLDINGS WITH SHARE REPURCHASE FROM INVESTOR

Windhoek, Khomas, Namibia, 24th Jun 2024 –  Trustco Group Holdings Limited (TTO.SJ) announced today that it has entered into an agreement to repurchase a significant block of publicly traded shares on the Johannesburg stock exchange from the University of Notre Dame du Lac (Notre Dame), for USD 5 million in cash. The transaction also allows Trustco to increase its holdings in key investees Legal Shield Holdings and Trustco Resources.

In terms of the agreement, Trustco will repurchase 120.5 million of its shares from Notre Dame, representing 12.8% of total shares in issue. These repurchased Trustco shares will be cancelledby the company to enhance shareholder value whilst the repurchase remains in line with the company’s longstanding policy of buybacks when shares trade at a discount to their intrinsicvalue. As of August 31, 2023, Trustco’s audited net asset value per share stood at 117 Namibian cents.

“At Trustco, we firmly believe that the market has significantly undervalued our shares relative to the true potential of our assets and future growth prospects,” said Floors Abrahams, Group Financial Director of Trustco. “This share repurchase allows us to capitalize on that disconnect by acquiring equity at a substantial discount, which will immediately boost investor returns.”

Floors Abrahams, Group Financial Director of Trustco

Trustco will also acquire an additional 8.65% equity interest in Legal Shield Holdings, which houses the group’s insurance operations and vast real estate portfolio. This includes Trustco Insurance Limited, Trustco Life Limited, and an extensive real estate portfolio spanning an impressive 2,473 sellable hectares (6,112 acres) of prime real estate strategically positioned across Namibia. Trustco’s real estate portfolio has demonstrated its value-generating prowess, generating cash in excess of NAD 934 million (USD 52 million) since 2011. Notably, the current average selling price for the portfolio stands at NAD 1,800 per square meter (USD 1,076.39 per square foot), underscoring the immense potential for capital appreciation and revenue growth within this asset class. This vast land bank presents an unparalleled opportunity, with the potential for over 26,000 mixed-use erven to be developed. The real estate portfolio has an established a proven track record, successfully servicing more than 1,106 erven across all its developments over the past decade.

Additionally, Trustco will purchase a 0.7% stake in Trustco Resources, its mining portfolio, whichhas recently released promising diamond resource estimates. The Meya River Kimberlite Dyke in West Africa, with an estimated in-situ value of USD 763 million, represents a significant opportunity for value creation. This estimate covers only 2.8 km (1.74 miles) of the dyke’s strike length, which represents less than 5% of the total combined strike lengths of the kimberlite domains within Meya Mining’s licensed area. Notably, in November 2017, the Meya Prosperity Diamond, the 29th largest diamond at the time, was unearthed at this site and subsequently sold for USD 16.5 million.

The transaction remains subject to regulatory approvals, and additional details will be provided in a circular to Trustco shareholders.

The repurchase transaction aligns with Trustco’s strategy to increase net asset value on a per share basis and simplify its investment portfolio. Trustco is thus positioned for its planned USD 100 million capital raise in the US markets that is set to create significant future value for shareholders.

 About Trustco:

Trustco Group Holdings Ltd is an investment entity headquartered in Windhoek, Namibia, whichmanages a diverse portfolio of investments spanning the insurance, real estate, commercialbanking, micro-finance, education, and mining sectors. Decisions are biased towards generational investment performance alongside shareholder wealth creation, and short-term hurdles are viewed as catalysts for future growth.

Historically, Trustco’s investment portfolio has delivered exceptional returns with a CAGR of68.97% since 1992, with a well-balanced asset mix, with a current average weighting of 34% in US Dollar based assets, while the remaining 66% is invested in Namibia Dollar (1 NAD = 1 ZAR) based assets. Trustco enjoys the backing of a wide range of coinvestors, including 3 610 from Namibia, 1 443 from abroad, and 94 from institutional entities.

 About Namibia:

Namibia is a Southern African country with a population of approximately three million and a GDP per capita of USD 5 031 in 2022. The country is endowed with rich natural resources, with recentmajor discoveries of oil and gas reserves, lithium deposits and rare earth minerals that are vital for technology demand globally, with developments also underway in its green hydrogen projects.The Namibian government has heralded these discoveries as a transformative period, holding the potential to double the nation’s GDP by 2040.

The country’s economy expanded by 4.2% in 2023 and is projected to expand by 3.7% in 2024, following a recovery of 5.3% in 2022 from the COVID-19 pandemic. With its wealth of natural resources, pro-business environment, political stability and increasingly skilled workforce, Namibia offers attractive investment prospects across all sectors.

Media Contact

Organization: Trustco Group Holdings

Contact Person: Neville Basson

Website: https://www.tgh.na

Email: Send Email

Contact Number: +264612754501

Address: 2 Keller Street, Trustco House

Address 2: Windhoek

City: Windhoek

State: Khomas

Country: Namibia

Release Id: 24062413454

The post TRUSTCO STRENGTHENS CORE HOLDINGS WITH SHARE REPURCHASE FROM INVESTOR appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Cafe Solutions Offers New Line of Stainless Steel Benches in Perth

Australia, 24th Jun 2024 – Cafe Solutions has announced the launch of a new line of stainless steel benches, catering to both commercial and residential spaces in Perth – cafesolutions.com.au. Known for their durability and corrosion resistance, these benches are made from premium-grade 304 stainless steel. The range includes various options, from simple benches to those with splash backs, meeting diverse customer needs.

Russell Crawford, spokesperson for Cafe Solutions, stated, “The new line of stainless steel benches is designed to provide exceptional durability and versatility. These benches are ideal for the demanding environments of restaurants and cafes, ensuring long-lasting performance and easy maintenance.”

The stainless steel benches are popular among Perth customers for their robustness and aesthetic appeal. Customers can visit the showroom or purchase online, with delivery available across the city. Cafe Solutions’ commitment to quality ensures that each bench meets the highest standards, making them suitable for a wide range of applications, from commercial kitchens to residential use.

In addition to durability, the benches offer practical features that enhance their functionality. The benches are easy to clean and maintain, crucial for maintaining hygiene in food preparation areas. The premium-grade stainless steel construction also provides resistance to stains and odours, ensuring a clean and professional appearance.

Crawford added, “Looking ahead, Cafe Solutions aims to expand its product range further, introducing more innovative and high-quality solutions to meet the evolving demands of the restaurant and cafe industries. The team is dedicated to continuously improving the offerings and providing the best possible products to the customers.”

Cafe Solutions has established itself as a trusted supplier of commercial furniture and equipment. The introduction of this new line of stainless steel benches reinforces its commitment to supporting the hospitality industry with reliable and high-quality products.

The company’s location at 12 Kingsbury St, Brendale QLD 4500, serves as a hub for customers to explore the wide range of products available. The showroom provides an opportunity for customers to see the quality and craftsmanship of the benches firsthand. For those unable to visit in person, the online store offers a convenient way to browse and purchase products, with efficient delivery services ensuring timely arrival.

Cafe Solutions’ dedication to customer satisfaction is evident in every aspect of its operation. From the selection of materials to the design and manufacturing processes, every detail is carefully considered to provide customers with the best possible products. The new line of stainless steel benches is a testament to this commitment, offering a blend of durability, functionality, and style that is unmatched in the market.

For more information on the new line of stainless steel benches, contact Cafe Solutions at (07) 3184 8441 or email [email protected]. Visit their location at 12 Kingsbury St, Brendale QLD 4500, or explore their offerings online to find the perfect solutions for your commercial or residential space.

Media Contact

Organization: Cafe Solutions

Contact Person: Russell Crawford

Website: https://cafesolutions.com.au/

Email: Send Email

Contact Number: +61731848441

Address: 12 Kingsbury St

Address 2: Brendale QLD 4500

Country: Australia

Release Id: 24062413451

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