Hotels Focus On Optimising Digital Distribution

SINGAPORE–(Marketwired – May 29, 2017) – Distribution is crucial to the success of any hotel, and digital marketing for hotels is becoming increasingly complex. To define its strategy to compete for guests in digital communities that emerge daily is a challenge for hoteliers.
“The owners of establishments for independent/local group hotels often lack support and are not always sufficiently prepared to face the distribution challenges they are confronted with on a daily basis. Generally, hoteliers do not always have the time and the means to provide a macro analysis of the channels and to manage them strategically. In the essence of time, we hope this half-day conference filled with insightful information, practical and actionable techniques will assist hoteliers to optimise their digital distribution and maximise their profitability,” said Guillaume de Marcillac, co-CEO of FASTBOOKING.
In the hope of aiding hoteliers’ challenges, FASTBOOKING, an e-commerce and distribution solutions company that help hotels create digital marketing strategies to drive direct sales, has partnered several key hospitality industry specialists to bring our FASTBOOKING Digital Lab tour to 17 cities throughout Europe and Asia.
“The FASTBOOKING Digital Lab was introduced in 2016. After receiving overwhelming response and feedback from participants, we took the initiatives once again to launch a new series of Digital Lab tour for 2017 and have included additional cities worldwide. Hoteliers will be able to participate in the complimentary conference nearest to them and be inspired with a deeper understanding of the latest trends and strategies in Digital Distribution. They would also be able to advance their knowledge and grow their network,” added Guillaume de Marcillac, co-CEO for FASTBOOKING.
The global theme for this year’s tour is ‘How can hoteliers optimise digital distribution?’ This theme was selected based on hoteliers’ keen interest to optimise their distribution and maximise profitability.
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With FASTBOOKING, the Digital Lab partners are Google, IDeaS, OTA Insight, Sojern, STR, TrustYou and Triptease who will take the tour with us in selected cities. Details are available and updated periodically on fastbookingdigitallabs.com.
Amongst the topics to be shared are:
Latest Trends in the Hotel Digital Distribution landscape
Insights to manage customer data better and to maximise bookings from various digital channels
Effectiveness of hotel videos and Google Hotel Ads
Latest trends in customer opinions and methods to capitalise on them
New trends to share hotel experience
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Evolvement of revenue management and ways to improve conversion
Last but not least, analysis of demand, room deals and booking trends for each market.

To register for a complimentary pass to the half-day event throughout Europe and Asia, please visit fastbookingdigitallabs.com, select the city you wish to attend and register with us.
Digital Lab Location and dates
Notes to Editors:
Members of the press are welcome to attend or request for interviews with keynote speakers and/or Jean-Luc Chretien/ Guillaume de Marcillac, co-CEOs and Pierre-Charles Grob, Managing Director, Asia of FASTBOOKING.
About FASTBOOKING Digital Lab
FASTBOOKING Digital Lab is a learning lab for hoteliers to explore a different path for them to optimise their digital distribution. Sharing of the latest digital distribution trends to balance a healthy distribution among the various channels and to grow both international and domestic direct online bookings is critical for hoteliers in the digital community space.
To assist hoteliers in gaining a better understanding of the digital distribution trends and to provide practical solutions that will help hoteliers optimise their distribution and profitability, FASTBOOKING together with Hospitality Industry Specialists collaborated to share their experience and knowledge to reveal actionable techniques during this conference.
About FASTBOOKING
FASTBOOKING offers leading edge e-commerce solutions for hotels to boost their direct sales strategy. Our solutions based on a cutting-edge cloud platform and our proven expertise in digital marketing enable hotels to boost brand visibility and promote online sales through online and mobile channels. Our local experts offer daily support to hoteliers, in more than 90 countries, to help them leverage our solutions and retain their independence.
Founded in 2000, FASTBOOKING is now part of AccorHotels group, as the specialist for digital solutions dedicated to independent hotels.
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Walton Big Lake Development L.P. Reports First Quarter 2017 Fiscal Results

CALGARY, Alberta–(BUSINESS WIRE)–Walton Big Lake Development L.P. (the “Partnership”), and its general partner, Walton Big Lake Development Corporation (the “General Partner”), announced today the Partnership’s financial results for the first quarter of 2017. Launched in 2010, the Partnership owns a residential project in northwest Edmonton, Alberta. The project is being developed in three phases over a nine-year time frame and marketed under the name “Hawks Ridge at Big Lake”, (the “Project”).
First Quarter Highlights
During the period ended March 31, 2017 the Partnership continued to take steps towards the fulfillment of its Project plan. The key activities undertaken by the Partnership were as follows:
completed energization of the final streetlights to service Phase 2A;
began the transfer of operations of the sanitary lift station to the City of Edmonton, removing the obligation to operate the lift station, including the transfer of electrical (EPCOR) and gas (ATCO) monthly utility costs, providing greater cost certainty for the project and removing liability of the maintenance and operation of the lift station;
started pathway construction and landscaping along the top-of-bank and bioswale in Phase 2A;
submitted revisions to the final Phase 2B engineering drawings to the City of Edmonton split phase 2B into two stages and adjust lot types to accommodate current market and builder needs (increase in RF4 semi-detached and duplex housing and laned RPL zero-lot line products, and decrease RSL front attached garage product);
re-confirmed-negotiated unit rate contracts for the anticipated construction of Phase 2B in 2017 thus providing greater cost certainty for the Project;
received reports from the homebuilders indicating 15 single family permits and 8 third-party sales, including 1 lot within the semi-estate pooled inventory; and
received deposits representing 20% of the purchase price from a homebuilder on the sale of 1 Phase 2A single family lot, with contracted revenue of $279,508 and cost of sales of $249,517 being recognized during Q1 2017.
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Based on the recommended setback identified in the slope stability study completed by the engineering consultant in 2016 on Phase 3 of the Project, management is evaluating several retaining wall designs and construction methods to increase both single family and multi-family yields in Phase 3, in support of the land use and subdivision applications, which are anticipated to be submitted in Q2 2017.The current changes to Phase 3 have resulted in a decreased internal rate of return range of 2%-4% from the 3%-8% previously reported.
With the slowdown of Edmonton’s economy as a result of global oil prices, the adverse impacts to the overall market conditions for suburban single family residential housing in 2015 and 2016 has persisted into early 2017. More recently the Edmonton region has begun to show positive signs of a gradual economic recovery in some of the key indicators such as gross domestic product, net migration, housing starts and oil prices. While management remains optimistic that there will be continued demand for new housing in Edmonton, the current sales activity is behind the original targeted sales pace for the Project. Subject to the timing and extent of the projected economic recovery for Edmonton, the forecasted Project duration for collection of final revenue and receipt of recoveries owing to the Partnership is anticipated to be 2019. Management will continue to provide regular updates on market conditions and project performance based on the key economic indicators for Edmonton.
First Quarter Financial Results
During the three months ended March 31, 2017 and March 31, 2016, the Partnership recognized revenue on contracts of $279,508 and $19,011,467, respectively, from lot sales. The cost of sales relating to those lot sales was $249,517 and $15,801,160, respectively, resulting in a gross margin of $29,991 and $3,210,307, respectively. The revenue and cost of sales recognized in 2017 was in respect to the sale of 1 Phase 2A single family lot to a home builder. The revenue and cost of sales recognized in 2016 was in respect of the sale of 118 Phase 2A single family lots to home builders. Pursuant to the terms of the purchase and sale agreements for the lots, final payment from the purchaser is typically due 365 days after receipt of the second deposits. Total other expenses decreased by $129,082 from $470,498 for the three months ended March 31, 2016 to $341,416 for the three months ended March 31, 2017. The decrease in other expenses is mainly due to decreases in management fees of $55,236, marketing fees of $9,241, and an increase in interest income of $98,269, offset by an increase in interest expense of $18,168 and financing expenses of $7,999.
The decrease in management fees occurred as a result of the terms of the management services agreement dated October 26, 2010 between the Partnership and WAM (the “Management Service Agreement”), pursuant to which, effective January 1, 2016, the management fee payable by the Partnership was based on the book value, including land improvements, of the Property rather than being based on the amount of capital raised by the Partnership under its initial public offering (“IPO”) and subsequent private placement (“Private Placement”) which closed in November 2010 and December 2010, respectively. With the sale of lots in 2016, land development inventory decreased by $11,288,951, which resulted in a lower management fee recorded for the three months ended March 31, 2017. The increase in interest income of $98,269 primarily relates to interest charges on the lot sales receipts deferred from January 2017 to July 2017. Marketing costs were lower due to a reduced marketing program compared to 2016.The increase in interest and financing expenses was due to a higher loan balance in 2017. On April 28, 2017, the general partner of WAM voluntarily filed and obtained creditor protection under the Companies Creditors’ Arrangement Act (“CCAA”) pursuant to an order (the “Initial Order”) from the Court of Queen’s Bench of Alberta (the “Court”). WAM is covered under the stay of proceedings within the CCAA filing. On a follow-up hearing on May 9, 2017, the stay period was extended from the original date of May 26, 2017 to August 15, 2017. WAM has continued to provide management services to the Partnership, notwithstanding that $3,035,975 remains outstanding to WAM as at March 31, 2017. However, there is no guarantee that WAM and WDM will continue to provide management and project management services, respectively, with the deferral of the payment of management or project management fees, respectively, or that WAM or WDM will have the ability to accept the deferral of those management fees under the CCAA proceedings, or that the Partnership will continue to have WAM provide management services or WDM provide project management services beyond the stay period.
Loan default and temporary waiver

The Partnership is in breach of its covenants under the Phase 2 Facility and Second Mortgage Loan Facility, including the financial covenants required from the guarantors on the Second Mortgage Loan and due to a material adverse change in the guarantor, with Walton International Group Inc. filing for CCAA protection on April 28, 2017. As previously reported, the Partnership had received a limited waiver from the lenders in which the lenders agreed to not act on the Event of Default. The Partnership has received an extension on the limited waiver from the lenders to not act on the Event of Default until the earlier of (i) further written notice from the lenders to the Partnership of their intention to act on the default, (ii) June 15th, or (iii) the general partners, lenders and the guarantor enter any other form of forbearance agreement. In the interim period, management will continue discussions with the lenders to renegotiate terms. Management believes they will be able to negotiate terms with the lender to complete the development of Phase 2; however, if management is unable to come to terms with the lenders by June 15, 2017, the Partnership may file for creditor protection under the CCAA. There is no assurance that the Partnership will be able to successfully renegotiate terms. If the Partnership was unable to renegotiate terms, the Partnership does not have the ability to pay the monthly interest payments required under the Second Mortgage Loan Facility.
Additional Information
The Partnership is managed by WAM and the development of the property is managed by Walton Development and Management LP, both of which are members of the Walton Group of Companies.
The Walton Group of Companies (“Walton”) is a multinational real estate investment, planning, and development group concentrating on the research, acquisition, administration, planning and development of strategically located land in major North American growth corridors.
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Its communities are comprehensively designed in collaboration with local residents for the benefit of community stakeholders. Its goal is to build communities that will stand the test of time: hometowns for present and future generations.
For more information about Walton Big Lake Development L.P., please visit www.sedar.com. For more information about Walton, visit www.Walton.com. For information about Hawks Ridge at Big Lake visit www.hawksridge.ca.
This news release, required by Canadian laws, does not constitute an offer of securities, and is not for distribution or dissemination outside Canada. This news release contains forward looking information, and actual future results may differ from what is disclosed in this news release. The risks, uncertainties and other factors that could influence results are described in the prospectus and other documents filed with Canadian securities regulatory authorities and available online at www.sedar.com.
Except as otherwise noted, all amounts are in Canadian dollars, and are based on unaudited financial statements for the three months ended March 31, 2017 and related notes, prepared in accordance with International Financial Reporting Standards.
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Walton Westphalia Development Corporation Reports First Quarter 2017 Fiscal Results

CALGARY, Alberta–(BUSINESS WIRE)–Walton Westphalia Development Corporation (the “Corporation”) announced today its results for the first quarter of 2017. Launched in March 2012, the Corporation was formed to provide investors with the opportunity to participate in the acquisition and development of the 310-acre Westphalia Property (the “Property”) located in Prince George’s County, Maryland, United States of America.
First Quarter Highlights
During the period ended March 31, 2017, the Corporation continued to take steps toward its construction and financing activities. The key activities undertaken by the Corporation were as follows:
Construction Activities
Continued with construction activities on the northern lots by removing over 150,000 cubic yards of material and continuing the construction of the second stormwater management pond on the Property;
Began scoping meetings and negotiations for the Westphalia Green (Phase 1 park amenity) to be constructed in 2017;
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Continued installation of the dry utility conduit and crossings within the alleys and internal streets in Phase 1 and the installation of the wet utilities in Phase 1 (estimated to be complete by Q3 2017); and
Proceeded with the design of the Pennsylvania Avenue / Woodyard Road interchange (estimated to be complete by Q3 2017).
Financing Activities
In March 2017 the County sent the Corporation an incentive proposal with terms and conditions for bond issuance in conjunction with the tax increment financing (“TIF”) application. The Corporation met with the County on April 4, 2017 and submitted a counterproposal a week later. Negotiations are continuing;
The Corporation is currently in discussions with MCFI Global Fund Westphalia, LLC (“MCFI”) as to their expected projections on timing and amount of the capital to be raised under EB-5 for the rest of the year;
Closed on the sale of the sewer and water charges for 25 lots in Phase 1 totaling USD $137,474 (front foot benefits); and
As previously disclosed on May 10, 2017, the Corporation’s wholly owned subsidiary, Walton Westphalia Development Corporation (USA), LLC received a Default Notice from the Senior Lender and has 30 days to cure the default.
The single family market in the Washington, D.C. metropolitan statistical area (MSA) continues to get stronger. The Project selling lots to three homebuilders, NVR, Inc., Mid-Atlantic Builders and Haverford Homes. As of March 31, 2017, NVR, Inc. had closed on 51 lots, Haverford Homes had closed on 36 lots, and Mid-Atlantic Builders had closed on 8 lots. As of March 31, 2017, NVR reported 57 home sales, Haverford reported 37 home sales and Mid-Atlantic reported 7 home sales. There have been 44 occupancies; 32 for NVR and 12 for Haverford.
Management continues to believe that by pursuing vertical development joint ventures and less expensive financing strategies (EB-5 and TIF bonds) as previously discussed, the Corporation can potentially achieve a higher internal rate of return (“IRR”). These IRRs are based on, among other things, achieving certain revenue targets, maintaining construction schedules and costs, the timely receipt of recoveries, third-party sales and commitments for additional lots from the builders. Further material changes to IRR projections and the projected hold period could occur due to changes in any of the aforementioned factors.
First Quarter Financial Results
During the three months ended March 31, 2017, the Corporation recognized revenue on contracts of $2,250,955 from single family lot sales in Phase 1. The cost of sales relating to the lot sales was $1,965,034. The revenue and cost of sales recognized in 2017 was in respect to the sale of 22 Phase 1 single family lots to home builders. There was no revenue recognized for the three months ended March 31, 2016.
Total expenses decreased by $3,325 from $266,603 for the three months ended March 31, 2016 to $263,278 for the three months ended March 31, 2017. The decrease in expenses was primarily due to a decrease in marketing expenses of $23,044 and was offset by an increase of $22,766 in professional fees. The marketing costs were higher in 2016 as it related to the initial marketing of the project. The increase in professional fees relates primarily to the Corporation engaging third party corporate secretary services that had previously been provided by WIGI for no additional charge.
Total other items consists primarily of foreign exchange gains and losses and has decreased by $1,249,325 from total other item loss of $1,436,301 for the three months ended March 31, 2016 to total other item loss of $186,976 for the three months ended March 31, 2017. The Canadian dollar has strengthened in 2017 compared to 2016, resulting in the underlying Canadian Dollar intercompany debentures and the intercompany debt contracts in the U.S. Subsidiary reflecting a foreign exchange loss that is not eliminated upon consolidation.

Deferred tax expense has decreased by $663,411 primarily due to the movement in the unrealized foreign exchange gains.
Comprehensive loss decreased by $1,842,993 from $2,166,910 for the three months ended March 31, 2016 to $323,917 for the three months ended March 31, 2017. The decrease is due to the items discussed above as well as a $967,833 decrease in other comprehensive income due to changes in the cumulative translation losses recorded on the translation of the U.S. Subsidiary accounts from a functional currency of U.S. dollars to Canadian dollars for reporting purposes.
Additional Information
The Corporation is managed by WAM and the development of the project is managed by Walton Development & Management (USA), Inc., both of which are members of the Walton Group of Companies.
The Walton Group of Companies (“Walton”) is a multinational real estate investment, planning, and development group concentrating on the research, acquisition, administration, planning and development of strategically located land in major North American growth corridors.
Its communities are comprehensively designed in collaboration with local residents for the benefit of community stakeholders. Its goal is to build communities that will stand the test of time: hometowns for present and future generations.
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For more information about Walton Westphalia Development Corporation, please visit www.sedar.com. For more information about Walton, visit www.Walton.com.
This news release, required by Canadian laws, does not constitute an offer of securities, and is not for distribution or dissemination outside Canada. This news release contains forward looking information, and actual future results may differ from what is disclosed in this news release. Forward-looking information is based on the current expectations, estimates and projections of the Corporation at the time the statements are made. They involve a number of known and unknown risks and uncertainties which would cause actual results or events to differ materially from those presently anticipated. The risks, uncertainties and other factors that could cause the Corporation’s actual results and performance in future periods to differ materially from the forward looking information contained in this news release include, among other things, the receipt of financing under the Loan including the amount and timing of the financing received, the amount of, timing and terms of any tax increment financing that may be received by the Corporation, the length of time it takes to develop and sell the Property, the ability of the Corporation to enter into joint ventures relating to, or to otherwise, vertically develop portions of the Property, the availability and terms of other construction financing required by the Corporation, the costs involved in the horizontal and/or vertical development of the Property, the prices at which the serviced lots and parcels from, or vertically developed structures on, the Property can be sold, the rate at which serviced lots and parcels from, or vertically developed structures on, the Property are purchased in the marketplace, general economic and market factors, including interest rates, a decline in the real estate market, changes in government policies and regulations or in tax laws, changes in municipal planning strategies and whether certain development approvals are obtained and changes in the Canadian/U.S. dollar exchange rate, in addition to those factors discussed or referenced in the prospectus and other documents filed with Canadian securities regulatory authorities and available online at www.sedar.com.
Except as otherwise noted, all amounts are in Canadian dollars, and are based on unaudited financial statements for the three months ended March 31, 2017 and related notes, prepared in accordance with International Financial Reporting Standards.
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Transeastern Power Trust Reports First Quarter 2017 Results

TORONTO, ONTARIO–(Marketwired – May 29, 2017) – Transeastern Power Trust (“Transeastern” or the “Trust”) (TSX VENTURE:TEP.UN)(TSX VENTURE:TEP.DB) has released its unaudited financial results for the quarter ended March 31, 2017. All amounts in this release are expressed in Canadian dollars unless otherwise indicated.
Q1 2017 Highlights
Produced 19,570 MWh of energy for the quarter ended March 31, 2017 compared to 5,187 MWh in the first quarter of 2016, an increase of 277% and generated revenue of $2,779,970, with $790,804 from the sale of electricity and $1,989,166 from the sale of green certificates (“GCs”).
Earned operating margin[1] (revenues less operating expenses) of $2,001,405 for the quarter, an increase of 218% over the operating margin of $628,059 for the first quarter of 2016 (see reconciliation of operating margin under “Non-GAAP Measures”).
The Trust closed a $3.8 million secured debt facility on January 20, 2017 and repaid the Sprott debt facility early.
During the quarter, the Trust completed a cost rationalization exercise across its Romanian operations that management believes will result in a reduction of annual costs of approximately $300,000 and improved operating performance of the Trust’s hydroelectric assets.
J. Colter Eadie, Chief Executive Officer of Transeastern commented, “We are now seeing the production increases expected as a result of the Baia Wind acquisition in 2016 and the implementation of cost cutting and efficiency measures across the business. We remain focused on optimizing and improving the performance of our current renewable energy portfolio and continue to pursue new acquisitions that are accretive to the Trust.”

[1] Operating margin is a non-GAAP measure calculated by deducting cost of sales from revenues. Refer to “Review of Operations” in the Trust’s Management’s Discussion and Analysis for the year ended December 31, 2016 for further details.
About Transeastern
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The Trust, through its direct and indirect subsidiaries in Canada, the Netherlands and Romania, has been formed to acquire interests in renewable energy assets in Romania, other countries in Europe and abroad that can provide stable cash flow to the Trust and a suitable risk-adjusted return on investment. The Trust seeks to provide investors with long-term, stable distributions, while preserving the capital value of its investment portfolio through investment, principally in a range of operational assets, which generate electricity from renewable energy sources, with a particular focus on solar and hydro power. The Trust intends to qualify as a “mutual fund trust” under the Income Tax Act (Canada) (the “Tax Act”). The Trust will not be a “SIFT trust” (as defined in the Tax Act), provided that the Trust complies at all times with its investment restriction which precludes the Trust from holding any “non-portfolio property” (as defined in the Tax Act). All material information about the Trust may be found under Transeastern’s issuer profile at www.sedar.com.
Forward-Looking Statements Except for statements of historical fact contained herein, the information in this press release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “anticipates”, “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may” and “will”. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others: risks related to foreign operations (including various political, economic and other risks and uncertainties), the interpretation and implementation of the energy law, expropriation of property rights, political instability and bureaucracy, limited operating history, lack of profitability, high inflation rates, failure to obtain bank financing, fluctuations in currency exchange rates, competition from other businesses, reliance on various factors (including local labour, importation of machinery and other key items and business relationships), risks related to seasonality (including adverse weather conditions, shifting weather patterns, and global warming), a shift in energy trends and demands, a shift in energy generation in the European Union, vulnerability to fluctuations in the world market, the lack of availability of qualified management personnel and stock market volatility. Details of the risk factors relating to Transeastern and its business are discussed under the heading “Risks and Uncertainties” in Transeastern’s annual management’s discussion & analysis dated May 3, 2017, a copy of which is available on Transeastern’s SEDAR profile at www.sedar.com. Most of these factors are outside the control of the Trust. Investors are cautioned not to put undue reliance on forward-looking information. These statements speak only as of the date of this press release. Except as otherwise required by applicable securities statutes or regulation, Transeastern expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise. 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.
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First Data to Acquire CardConnect

NEW YORK & KING OF PRUSSIA, Pa.–(BUSINESS WIRE)–First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology and solutions, and CardConnect Corp. (NASDAQ: CCN), a technology-oriented commerce solutions provider, announced today that they have entered into a definitive merger agreement for First Data to acquire all of the outstanding shares of common stock of CardConnect for $15.00 per share in cash. The transaction is expected to be modestly accretive to First Data’s adjusted EPS in the first full year post-closing, before expected synergies.
CardConnect is an innovative provider of payment processing and technology solutions and is one of First Data’s largest distribution partners. It processes approximately $26 billion of volume annually from about 67,000 merchant customers which are served by CardConnect’s large base of distribution partners.
“This transaction is consistent with our strategy of integrating and scaling innovative technologies across our distribution footprint to better serve our partners and customers,” said First Data Chairman and CEO, Frank Bisignano. “CardConnect is a long-standing First Data distribution partner and we are excited to incorporate their state-of-the-art solutions across some of our most important strategic initiatives such as partner-centric distribution, integrated payments, and enterprise payments solutions.”
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“We are thrilled with the opportunity for CardConnect to partner with an organization that has the world class capabilities of First Data,” said CardConnect President and CEO, Jeff Shanahan. “This transaction improves our ability to innovate and deliver leading technology-oriented commerce solutions to our combined customer base. In addition, we believe our growth trajectory improves with First Data’s breadth of products and its powerful distribution network.”
Transaction Terms
Under the terms of the definitive merger agreement between the parties, a subsidiary of First Data will commence a tender offer to acquire all of the outstanding CardConnect common stock for a purchase price of $15.00 per share in cash, followed by a merger in which each share of CardConnect common stock not tendered will be converted into the right to receive $15.00 per share in cash. The aggregate transaction value is approximately $750 million, including repayment of CardConnect’s outstanding debt and the redemption of CardConnect’s preferred stock. First Data intends to fund the transaction with a combination of cash on hand and funds available under existing credit facilities.
网络教学利用计算机网络为主要手段教学,是远程教学的一种重要形式,是利用计算机设备和互联网技术对学生实行信息化教育的教学模式。
The merger agreement has been unanimously approved by CardConnect’s Board of Directors. In addition, CardConnect shareholders holding approximately 40% of CardConnect common stock have entered into tender and support agreements agreeing to tender their shares of common stock into the tender offer and support the transaction. The transaction is subject to the tender of a majority of the outstanding shares of CardConnect common stock as well as other customary closing conditions, including expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The parties expect the transaction to close in the third quarter of 2017.

Allen & Company LLC acted as the exclusive financial advisor to First Data and Weil, Gotshal & Manges LLP acted as its legal advisor. Financial Technology Partners LP and FTP Securities LLC (collectively, “FT Partners”), served as exclusive financial and strategic advisor to CardConnect, and Wachtell, Lipton, Rosen & Katz acted as CardConnect’s legal advisor.
Conference Call and Webcast
The companies will host a conference call and webcast to review the transaction on Tuesday, May 30, 2017 at 8 a.m. ET. To listen to the call, dial +1 (844) 826-3033 (U.S.) or +1 (412) 317-5172 (outside the U.S.). The call will also be webcast on the Investor Relations section of the First Data and CardConnect websites at investor.firstdata.com and investors.cardconnect.com, along with a slide presentation to accompany the call.
A replay of the call will be available through July 12, 2017, at +1 (877) 344-7529 (U.S.) or +1 (412) 317-0088 (outside the U.S.); passcode 10108324, and via webcast at investor.firstdata.com and investors.cardconnect.com.
About First Data
First Data (NYSE: FDC) is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.
About CardConnect
CardConnect (NASDAQ: CCN) is an innovative provider of payment processing and technology solutions, helping more than 67,000 organizations – from independent coffee shops to iconic global brands – accept billions of dollars in card transactions each year. Since its inception in 2006, CardConnect has developed advanced payment solutions backed by patented, PCI-certified point-to-point encryption (P2PE) and tokenization. The company’s small-to-midsize business offering, CardPointe, is a comprehensive platform that includes a powerful reporting and transaction management portal which extends to a native mobile app. CoPilot is a centralized business management tool to help distribution partners manage their business. For enterprise-level organizations, CardSecure integrates omni-channel payment acceptance into several ERP systems – such as Oracle, SAP, JD Edwards and Infor M3 – in a way that minimizes PCI compliance requirements and lowers transaction costs.
Additional Information and Where to Find It
The tender offer for the outstanding shares of CardConnect (the “Company”) referenced in this communication has not yet commenced. This announcement is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of the Company, nor is it a substitute for the tender offer materials that First Data Corporation and its acquisition subsidiary will file with the U.S. Securities and Exchange Commission upon commencement of the tender offer. At the time the tender offer is commenced, First Data and its acquisition subsidiary will file tender offer materials on Schedule TO, and the Company will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the tender offer. The tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other tender offer documents) and the Solicitation/Recommendation Statement will contain important information. Holders of shares of the Company are urged to read these documents when they become available because they will contain important information that holders of the Company securities should consider before making any decision regarding tendering their securities. The Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, will be made available to all holders of shares of the Company at no expense to them. The tender offer materials and the Solicitation/Recommendation Statement will be made available for free at the SEC’s web site at www.sec.gov. Additional copies may be obtained for free by contacting First Data, 225 Liberty Street, 29th Floor, New York, New York 10281, Attention: Investor Relations.
In addition to the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, First Data and the Company file annual, quarterly and special reports and other information with the SEC. You may read and copy any reports or other information filed by First Data or the Company at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. First Data’s and the Company’s filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at http://www.sec.gov.
Cautionary Statement Regarding Forward-Looking Statements
This communication contains forward-looking information relating to First Data and the proposed acquisition of CardConnect by First Data that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Forward-looking statements in this communication include, among other things, statements about the potential benefits of the proposed acquisition; First Data’s and CardConnect’s plans, objectives, expectations and intentions; the financial condition, results of operations and business of First Data and CardConnect; industry, business strategy, goals and expectations concerning First Data’s and CardConnect’s market position, future operations, future performance and profitability; and the anticipated timing of closing of the acquisition. Risks and uncertainties include, among other things, risks related to the satisfaction of the conditions to closing of the acquisition (including the failure to obtain necessary regulatory approval) in the anticipated timeframe or at all, including uncertainties as to how many CardConnect stockholders will tender their shares in the tender offer and the possibility that the acquisition does not close; the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, including in circumstances which would require First Data or CardConnect to pay a termination fee or other expenses; risks related to the potential impact of the announcement or consummation of the proposed transaction on First Data’s or CardConnect’s important relationships, including with employees, suppliers and customers; disruption from the transaction making it more difficult to maintain business and operational relationships; negative effects of this announcement or the consummation of the proposed acquisition on the market price of First Data’s or CardConnect’s common stock and on First Data’s or CardConnect’s operating results; significant transaction costs; the risk of litigation and/or regulatory actions related to the proposed acquisition; the possibility that competing offers will be made; and risks related to the ability to realize the anticipated benefits of the acquisition, including the possibility that the expected benefits from the proposed acquisition will not be realized or will not be realized within the expected time period. Other factors that may cause actual results to differ materially include those that will be set forth in the Schedule TO, Schedule 14D-9 and other tender offer documents filed by First Data, Merger Sub and CardConnect. Many of these factors are beyond First Data’s and CardConnect’s control. A further description of risks and uncertainties relating to First Data and CardConnect can be found in their Annual Reports on Form 10-K for the fiscal year ended December 31, 2016 and in their subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, all of which are filed with the SEC and available at www.sec.gov. Unless otherwise required by applicable law, each of First Data and CardConnect disclaims any intention or obligation to update forward-looking statements contained in this communication as the result of new information or future events or developments.
Contacts
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DUCK LAKE, SASKATCHEWAN–(Marketwired – May 29, 2017) – Correctional Service Canada
On May 28, 2017 staff members at Willow Cree Healing Lodge, a minimum security federal institution, determined that Brian Bergey and Joseph Wesley had left the property without authorization and returned.
They were apprehended by CSC staff members.
在移动计算时代,移动学习Mobile Learning是重要的趋势。
CSC is conducting an investigation into the circumstances surrounding the incident.

Security-Frontline-安全前线
Ensuring the safety and security of institutions, staff, and public remains the highest priority in the operations of the federal correctional system.
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Technological Change and Cyber Risk Overtake Regulation as Top Risks for Insurers

LONDON, May 30, 2017 (GLOBE NEWSWIRE) — The global insurance industry’s ability to confront structural and technological changes is now the greatest risk it faces, according to a new survey of insurers and close observers of the sector.
The CSFI’s latest Insurance Banana Skins 2017 survey, conducted with support from PwC, surveyed 836 insurance practitioners and industry observers in 52 countries, to find out where they saw the greatest risks over the next 2-3 years.
 Insurance Banana Skins 2017 (2015 ranking in brackets)1Change management (6)2Cyber risk (4)3Technology (-)4Interest rates (3)5Investment performance (5)6Regulation (1)7Macro-economy (2)8Competition (-)9Human talent (15)10Guaranteed products (7)11Political interference (16)12Business practices (11)13Cost reduction (-)14Quality of management (12)15Quality of risk management (10)16Social change (20)17Reputation (18)18Product development (17)19Corporate governance (21)20Capital availability (22)21Complex instruments (25)22 Brexit (-)   Change management is at the head of a cluster of operating risks which have jumped to the top of the rankings. The report raises concerns about the industry’s ability to address the formidable agenda of digitisation, new competition, consolidation and cost reduction it faces, especially because of rapidly emerging technologies which could transform insurance markets, such as driverless cars, the ‘internet of things’ and artificial intelligence.
Cyber risk follows close behind, with anxiety rising about attacks on insurers themselves as well as the costs of underwriting cyber-crime. Other major concerns include the adequacy of insurer’s internal technology systems and new competition, particularly from the ‘InsurTech’ sector.
The next cluster of high-ranking risks, interest rates, investment performance and macro-economic risk, shows that concern about economic instability remains high. Although respondents acknowledged signs of growth, confidence in the recovery is not strong for reasons as widely dispersed as the slowdown in China, the risk of Trump-era protectionism, and populism in Europe. The risk of political interference was seen to have risen sharply. However, Britain’s exit from the EU was seen to be a minimal source of risk for insurers, particularly those without operations in the UK.
Regulatory risk, which has topped the last three editions of this survey, has fallen out of the top five this year. This is largely because recent regulatory changes are settling in to business as usual (e.g. Solvency 2), though the cost and complication of regulation continue to be a concern.
The report shows that the industry’s ability to attract and retain human talent is a fast-rising concern, particularly to handle the digital challenge.  Conversely, an area of declining risk is the governance and management of insurance companies. These were seen as high-level risks during the financial crisis but have fallen sharply since, because of both initiatives from the industry itself and regulatory pressure.
Overall, the climate for insurers is becoming more challenging, according to respondents. The 2017 Banana Skins Index, which measures the level of anxiety in the industry, is at a record high, while the industry’s preparedness to handle these risks has fallen from 2015.   
David Lascelles, survey editor, said: “For the first time in six editions of this survey, operating risks pose the greatest threat to insurers. Structural and technological changes to the industry could upend traditional business models. At the same time, insurers are grappling with a very difficult economic climate, which helps explain why anxiety is at an all-time high.”
网络教学利用计算机网络为主要手段教学,是远程教学的一种重要形式,是利用计算机设备和互联网技术对学生实行信息化教育的教学模式。
Mark Train, PwC Global Insurance Risk Leader, comments: “Both the challenges and opportunities presented by change underline the vital importance of being clear about where you’re best able to add value, and then being ruthless in targeting investment and management time at these priorities. A key part of this ‘fit for growth’ strategy is differentiating the capabilities needed to fuel growth, ‘good costs’ targeted for investment, from low-performing business and inefficient operations, ‘bad costs’ targeted for overhaul or elimination.”
Notes to Editors:
For further information, contact: David Lascelles, CSFI T:+44 (0)20 7621 1056 or +44 (0)7710 088658, E: david@davidlascelles.com Andrew Hilton, CSFI T:+44(0)20 7621 1056 E: Andrew@csfi.org Joost Blankenspoor, PwC T: +31 (0)88 792 6596 E: joost.blankenspoor@pwc.com 2.  The Insurance Banana Skins 2017 survey was conducted in January and February 2017 and is based on 836 responses from 52 countries. The breakdown by type of respondent was:
 %Non-life29Life insurance27Composite17Reinsurance7Brokers4Other16   3.  The survey is the latest in the CSFI’s long-running Banana Skins series on financial risk.  Previous Insurance Banana Skins surveys were in 2007, 2009 2011, 2013 and 2015. The report is prepared by the CSFI, which is solely responsible for the editorial content, with support from PwC. It can be downloaded from the CSFI website: www.csfi.org or from the PwC website: www.pwc.com/insurance.
沃尔核材及其一致行动人再次提议长园集团召开临时股东大会
4.  The CSFI (Centre for the Study of Financial Innovation) is a non-profit think-tank, founded in 1993, which looks at challenges and opportunities for the financial sector. It has an affiliate organisation in New York, the New York CSFI.

5.  PwC is a network of firms in 157 countries with more than 195,000 people who are committed to delivering quality in assurance, tax and advisory services. More information is available at the firm’s website, www.pwc.com.
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Lonestar West Announces Q1 2017 Financial Results

SYLVAN LAKE, ALBERTA–(Marketwired – May 29, 2017) – Lonestar West Inc. (TSX VENTURE:LSI) today announced the financial results for the three month period ended March 31, 2017.
The results for the quarter ended March 31, 2017 continue to reflect the impact of the significant pricing pressure from the heightened competition for non-energy related projects. There was an increase in the Canadian utilization which did not translate into an increase in revenue as a result of the low rates. The ongoing delay in contract negotiations with a major account in the Unites States also had a direct impact on the Company overall. The focus of the Company will be to continue to reduce operating costs and improve margins which have suffered as a result of the low rates and higher costs.
Key points for the three months ended March 31, 2017 include:
Revenues were $8,307,033 for the quarter ended March 31, 2017, compared to $11,919,783 for the prior year comparable quarter.
Gross margin1 was 7.9% compared to 19.3% for the prior year comparable quarter.
Normalized EBITDAC2 was $(296,736) compared to $891,813 for the prior year comparable quarter.
Normalized EBITDAC3 per basic share was $(0.01) from $0.03 for the prior year comparable quarter.
Loss before taxes was $2,123,873 as compared to a loss before taxes of $1,053,137 for the prior year comparable quarter.
Loss for the period was $2,124,472 as compared to a Loss of $2,271,552 for the prior year comparable quarter.
“The results for the first quarter of 2017 did not reflect the efforts we made to improve our profit margin. The cost cutting was completed by mid-March but did not have sufficient time to realize the benefits, and the continued decline of the revenues offset the impact of the cuts we have made. As a result we have taken additional steps to continue making cuts throughout the organization.” commented James Horvath, President and CEO of Lonestar. “We view the potential acquisition by Clean Harbors, Inc. in a positive light and believe it is the correct strategy for all stakeholders.”
The Company is continuing to intensify its focus on cost control while maintaining superior service to its customer base. In addition, the Company is continually assessing the location of its fleet and redeploys assets to areas less impacted by the energy markets.
About Lonestar West
Based in Sylvan Lake, Alberta, Lonestar West Inc. operates a fleet of 137 Hydrovac, Vacuum and Auxiliary units throughout Western Canada, Ontario, California, and the South Eastern United States. It is focused on profitably growing its HVAC services to become a major competitor in the North American market.

For more information please visit the Lonestar West website at www.lonestarwest.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This News Release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes. In particular, this News Release contains forward-looking statements relating to: demand for the Company’s services and general industry activity level; the Company’s growth opportunities; and expectations regarding the Company’s revenue, normalized EBITDAC and equipment utilization. Lonestar believes the expectations reflected in such forward-looking statements are reasonable as of the date hereof but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.
Various material factors and assumptions are typically applied in drawing conclusions. Specific material factors and assumptions include, but are not limited to:
Changes in industry conditions (including the levels of capital expenditures made by oil and gas producers and explorers)
Credit risk to which the Company is exposed in the conduct of its business
Fluctuations in prevailing commodity prices, currency and interest rates
The competitive environment to which the business is, or may be, exposed in all aspects of its business
The ability of the Company to access equipment and new technologies
The Company’s ability to maintain relationships with key suppliers
The ability of the Company to attract and maintain key personnel and other qualified employees
Various environmental risks to which the Company is exposed in the conduct of its operations
Inherent risks associated with the conduct of the business in which the Company operates
Timing and costs associated with the acquisition of capital equipment
The impact of weather and other seasonal factors that affect business operations
Availability of financial resources or third-party financing, and;
The impact of new laws or changes in administrative practices on the part of regulatory authorities.
Readers are cautioned that these factors are difficult to predict. Accordingly readers are cautioned that the actual results achieved will vary from the information provided herein and the variations may be material. Readers are also cautioned that the list of factors above are not exhaustive. Before placing reliance on any forward-looking statements to make decisions with respect to an investment in securities in Lonestar, prospective investors and others should carefully consider the factors identified above and other risks, uncertainties and potential changes that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.
Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Lonestar’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks identified in Lonestar’s annual information form and management discussion and analysis for the year ended December 31, 2016 (the “MD&A”), which are available for viewing on SEDAR at www.sedar.com. In addition, the forward-looking statements contained in this News Release are made as of the date of this News Release. Lonestar does not undertake any obligation to publicly update or to revise any forward-looking statements except as expressly required by applicable securities laws. The forward-looking statements contained in this Press Release are expressly qualified by the cautionary statements contained herein.
在网络教学模式下,学生完全可以在家里报读你单位开设的课程,免去了劳途奔波,节省了时间和精力,极大的增加了学习的方便性,同时不乏现场教学中的互动和交流。
Notes:
互动式培训课件开发
Gross margin is calculated as gross profit as a percentage of revenues
This News Release contains the term Normalized EBITDAC as presented and does not have any standardized meaning prescribed by international financial reporting standards (“IFRS”) and therefore it may not be comparable with the calculation of similar measures for other entities. Management uses normalized EBITDAC to analyze the operating performance of the business. Normalized EBITDAC as presented is not intended to represent cash provided by operating activities, net earnings or other measures of financial performance calculated in accordance with IFRS. It is defined as Earnings before interest, taxes, depreciation, amortization, and stock based compensation excluding foreign exchange gains or losses which are primarily related to the US dollar activities of the Company and can vary significantly depending on exchange rate fluctuations, which are beyond the control of the Company.
Normalized EBITDAC per share is calculated as Normalized EBITDAC divided by the weighted average shares outstanding for the period.
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.
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