Daily Archives: April 3, 2020

TEI Group Announces Equity Partnership with Analogue Holdings Limited

Signals Future Growth and Expansion for the Established Vertical Transportation Company

NEW YORK, April 03, 2020 (GLOBE NEWSWIRE) — Transel Elevator & Electric, Inc., d/b/a TEI Group, the largest independently owned and operated vertical transportation company serving the New York tristate area, is pleased to announce that Analogue Holdings Limited (HKG:1977), a leading electrical and mechanical engineering service provider in Hong Kong with substantial operations in Macau and mainland China, has acquired 51% of equity interests in the company. This represents Analogue Holdings Limited’s first foothold in North America with TEI now operating as an indirect non-wholly owned subsidiary of Analogue Holdings Limited.

TEI’s principal management team will retain their roles as long-term equity partners supported by the company’s highly experienced team of over 300 vertical transportation employees. This will further ensure the continued success of TEI as it journeys into a new growth phase with its new equity partner Analogue Holdings Limited.

“The entire TEI team is extremely excited to partner with Analogue Holdings Limited and we collectively look forward to capitalizing on the myriad new business development and expansion opportunities that lie ahead,” said Mark Gregorio, Managing Partner and President, TEI Group. “Together with the support and added resources of our new partners at Analogue Holdings Limited, we will further expand our presence in the New York metropolitan area and implement new growth strategies to take our services nationwide.”

“We are pleased to announce that Analogue Holdings Limited has acquired a 51% equity position in TEI which will allow us to better execute our New Technology, New Market and New Business Mode strategy,” said Dr. Poon Lok To Otto, Chairman of Analogue Holdings Limited. “Our core operating philosophies align very well with TEI, and this acquisition provides a steppingstone to expand our business in the U.S.A., and ultimately on a global basis.”

“Mark and I will remain intimately involved in every aspect of TEI’s current and future business with the intent of preserving the unique culture we’ve created at the company over the years,” said Michael Staub, Partner and Executive Vice President, Operations, TEI Group. “Our partnership with Analogue Holdings Limited significantly accelerates our evolving business model and expansion plans, providing our dedicated team with new and exciting opportunities.”

Since Analogue Holdings Limited’s successful listing on the main board of The Stock Exchange of Hong Kong Limited last year, it has been seeking new opportunities to further strengthen all aspects of its business segments. According to the Elevator Report 2017 issued by the New York City Department of Buildings, New York has approximately 84,000 elevators, claiming to be the largest stock in North America, as well as the oldest stock in the world. In view of this potential for significant revenue growth, Analogue Holdings Limited considers the acquisition of TEI as a significant strategic business decision that will further accelerate Analogue Holdings Limited’s global growth.

EDITORIAL CONTACT
Ryan LaMarca / LRG Marketing
(845) 358-1801
rlamarca@lrgmarketing.com

CONSTELLATION BRANDS REPORTS FISCAL YEAR AND FOURTH QUARTER 2020 RESULTS AND FISCAL YEAR 2021 OUTLOOK

VICTOR, N.Y., April 03, 2020 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its fiscal year and fourth quarter 2020 results and fiscal year 2021 outlook. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer Bill Newlands and Chief Financial Officer Garth Hankinson on Friday, April 3, 2020 at 11:30 a.m. (EDT). Visit cbrands.com/investors/events to locate information for joining the conference call, or a live, listen-only webcast of the conference call.

ABOUT CONSTELLATION BRANDS
At Constellation Brands (NYSE: STZ and STZ.B), our mission is to build brands that people love because we believe sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For. It’s worth our dedication, hard work, and the bold calculated risks we take to deliver more for our consumers, trade partners, shareholders, and communities in which we live and work. It’s what has made us one of the fastest-growing large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Today, we are a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Every day, people reach for our high-end, iconic imported beer brands such as Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, and our high-quality premium wine and spirits brands, including the Robert Mondavi brand family, Kim Crawford, Meiomi, The Prisoner brand family, SVEDKA Vodka, Casa Noble Tequila, and High West Whiskey.

But we won’t stop here. Our visionary leadership team and passionate employees from barrel room to boardroom are reaching for the next level, to explore the boundaries of the beverage alcohol industry and beyond. Join us in discovering what’s Worth Reaching For.

To learn more, follow us on Twitter @cbrands and visit www.cbrands.com.

MEDIA CONTACTS INVESTOR RELATIONS CONTACTS
Mike McGrew 773-251-4934 / michael.mcgrew@cbrands.com
Amy Martin 585-678-7141 / amy.martin@cbrands.com
Patty Yahn-Urlaub 585-678-7483 / patty.yahn-urlaub@cbrands.com
Bob Czudak 585-678-7170 / bob.czudak@cbrands.com

A PDF containing our Fiscal Year and Fourth Quarter 2020 Results and Fiscal Year 2021 Outlook and full financial tables is available at:
http://ml.globenewswire.com/Resource/Download/fd96bb7f-5c0a-4329-827f-5f4b9ef09d30

Radient Technologies Inc. Receives TSXV Approval to Extend Warrants

EDMONTON, Alberta, April 02, 2020 (GLOBE NEWSWIRE) — Radient Technologies Inc. (“Radient” or the “Company”) (TSX Venture: RTI; OTCQX: RDDTF), a global commercial manufacturer of high quality cannabinoid-based ingredients, formulations and products, announces that it has received the approval from  the TSX Venture Exchange (the “TSXV”) to extend the term of 1,070,712 warrants originally scheduled to expire on April 14, 2020 (the “Warrants”) to April 14, 2021.

The Warrants were originally issued pursuant to a private placement of units completed by the Company on October 14 , 2016.  The new expiry date for these warrants is April 14, 2021.

All other terms and conditions of the warrants remain unchanged.  The Company’s intention to seek extension of these warrants was previously announced on March 31, 2020.

About Radient
Radient Technologies is a commercial manufacturer of high quality cannabinoid based formulations, ingredients and products. Utilizing a proprietary extraction and downstream processing platform that recovers up to 99% of cannabinoids from the cannabis plant, Radient develops specialty products and ingredients that contain a broad range of cannabinoid and terpene profiles while meeting the highest standards of quality and safety. Please visit www.radientinc.com for more information.

SOURCE: Radient Technologies Inc.

Contact: Adam Deffett, Sr. VP Corporate Development: adeffett@radientinc.com

Forward Looking Information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the extension of the term of the Warrants and the Company’s future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Radient, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although Radient has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Radient does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.