Healthcare Must Change: New Intermountain Transformation Center to Lead Global Advance in Healthcare Delivery

New Intermountain Transformation Center

I'm making this gift because Intermountain Healthcare has expertise of great importance to the world.”

— Kem C. Gardner

SALT LAKE CITY, UTAH, USA, September 19, 2018 / — Intermountain Healthcare has opened its 120,000 square-foot Kem C. Gardner Intermountain Transformation Center. It is the home for multiple institutes and programs that are transforming the way medical care is provided in the U.S. and globally to achieve the highest clinical quality at the lowest sustainable cost.

Intermountain’s Clinical Program leadership teams of scientists and doctors will work at the new facility to research, innovate, and develop best practices to enhance care around the world. With more than 1,500 active research studies in more than 20 clinical areas, the Transformation Center is equipped to make medical discoveries that improve care and save lives.

Here’s a look at how the new facility will help Intermountain clinicians improve healthcare both in the U.S. and abroad:

• Innovation. Advancements in healthcare being developed at Intermountain will continue forward in the new facility, including creating tools to better meet the needs of caregivers and patients. For example, with the Innovation Lab at the Transformation Center, 3D technology is being used to print copies of patient organs. This allows clinicians to gain additional insight into performing life-changing surgeries that weren’t previously possible.

• Economic Benefit for Utah. This center will be a boon to the Utah economy with the many health professionals from around the U.S. and the world that will come to the Salt Lake City-area to receive training. For example, the internationally renowned Intermountain Healthcare Delivery Institute, which has relocated to the Transformation Center, has already attracted more than 5,000 doctors, nurses, and others attend its courses.

• Leadership Development. A new offering from The Institute for Healthcare Leadership, led by Intermountain president emeritus Charles Sorenson, MD, will offer leadership training courses for medical professionals. The Institute includes a unique simulation center where participants practice leadership scenarios using simulation. The Institute will focus on improving leaders’ communication, teamwork, and how to engage their teams.

• Collaboration with top healthcare leaders. Healthcare experts from all over the world are invited to the center to collaborate and share ideas to improve healthcare for patients worldwide.

• Partnerships. The Center has partnered with CHIME Innovation to collaborate with innovative healthcare IT leaders from across the globe.

“We are stewards of Intermountain’s long tradition of innovation, and this Transformation Center will be a hotbed, locally, regionally, nationally, and globally as we seek to advance that tradition,” said Marc Harrison, MD, Intermountain Healthcare president and CEO, at a dedication ceremony.

The Transformation Center is located on the campus of Intermountain Medical Center in Murray, Utah, and is named after Kem C. Gardner, who served on Intermountain boards for 36 years and was Chair of the Intermountain Board of Trustees from 2007-2012. He currently chairs the Intermountain Foundation Board.

Mr. Gardner donated $20 million toward the construction of the Transformation Center.

"I'm making this gift because Intermountain Healthcare has expertise of great importance to the world," Gardner said. "The programs housed in the Transformation Center will do so much to improve the health and care available to people in Utah and around the world.”

Intermountain Healthcare is a Utah-based not-for-profit system of 23 hospitals, 170 clinics, a Medical Group with about 2,300 employed physicians and advanced practice clinicians, a health plans group called SelectHealth, and other medical services. Intermountain is widely recognized as a leader in transforming healthcare through high quality and sustainable costs. For more information about Intermountain, visit

Daron Cowley
Intermountain Healthcare
email us here

Source: EIN Presswire

Wells Fargo offering loan mod scandal victims lowball settlements, mediation instead of fair compensation

Wells Fargo home mortgage logo

DannLaw suspects troubled bank has understated number of victims, urges all Wells borrowers who sought loan mods between 2010 and 2015 to seek legal advice.

CLEVELAND, OHIO, UNITED STATES, September 19, 2018 / — Earlier this year Wells Fargo revealed in an SEC filing that a “software glitch” caused the bank to improperly deny mortgage loan modifications to 625 homeowners between 2010 and 2015. At the time, Wells said it had set aside eight million dollars to compensate borrowers impacted by the mistake, including the 400 families who lost their homes to foreclosure. Now victims of the incident are receiving checks from Wells. Attorney Marc Dann, founder and managing partner of DannLaw, is urging them to seek legal advice before accepting the money.

“A number of borrowers who received checks from Wells have contacted us to ask if the amount being offered is fair,” Atty. Dann said. “Obviously, families who went through the trauma of losing or almost losing their homes due to Wells’ incompetence deserve more than a few thousand bucks—especially if the company violated federal lending laws and rules. We’ve launched an investigation to determine if that’s true. No one should cash a check they receive from the company or sign a settlement agreement until our inquiry is complete.”

That investigation is likely to reveal Wells has understated the number of people damaged by the glitch. “Company officials admit 625 borrowers were improperly denied modifications,” Atty. Dann noted. “But that’s only part of the story. The same software error may have caused loan mods that were granted to be miscalculated. As a result, thousands of homeowners may be making payments that are much higher than they should be.”

“Wells has no intention of telling them about the problem, so we’re making a concerted effort to alert anyone whose mortgage was modified by Wells Fargo between 2010 and 2015 that they may have been cheated,” he said noting that borrowers with "conventional" loans owned by Fannie Mae or Freddie Mac comprise the pool of potential victims.

“Talking to those folks will enable us to assess whether and to what extent Wells violated lending laws and regs, including the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA)” Atty. Dann explained. “If we discover the law has been violated, borrowers could receive thousands of dollars in compensation from Wells whether they are a member of the group of 625 homeowners the bank admits to abusing or someone whose loan mod was miscalculated. In either case, we’re able and eager to take legal steps that will hold Wells accountable for its actions and make victims whole.”

Borrowers who receive a compensation/settlement check from Wells, as well as those who received a loan modification from the bank between 2010 and 2015, may call 877-452-1026 to arrange a free consultation with DannLaw.

For more information about the Wells Fargo loan mod situation, contact Atty. Marc Dann by phone at 216-452-1026 or via email at

The Dann Law Firm
email us here

Source: EIN Presswire

Andrew Cratsenberg sells substantial Federal Way property to fund new investments

Andrew Cratsenberg Jr Federal Way

In the city's largest retail transaction in over a decade, Andrew Cratsenberg Jr has agreed on a deal to sell Federal Way's prominent Center Plaza.

FEDERAL WAY, WASHINGTON, UNITED STATES, September 19, 2018 / — In a deal arranged by Andrew Cratsenberg Jr and Cratsenberg Properties, LLC, and brokered by Capital Pacific, the sale also includes a nearby Red Lobster, Starbucks, and a currently vacant parcel of land which Cratsenberg suggests is primed for redevelopment by the new owners.

Selling for $14.2 million, the 7.74-acre site boasts 74,000 square feet of leasable space, including a trio of strip malls, each with 90 percent current occupancy. Center Plaza strip mall tenants include Subway, Pacific Island Grill, Total Vape, Al's Music, Elegant Nails & Foot Massage, Games & Video, and Peking Express.

Center Plaza is positioned adjacent to regional shopping mall The Commons at Federal Way and is just south of the city's Town Square Park.

Andrew (Butch) Cratsenberg intends to use the sales funds through a 1031 tax-deferred exchange in order to invest in further commercial properties in Washington, as well as in Arizona. Several such properties are currently under contract to purchase. A 1031 tax-deferred exchange allows for the sale of property in order to use the funds to purchase like-kind property or properties without the need to pay capital gains on the sale.

It's understood that Center Plaza's new owners are keen to keep existing tenants while also upgrading the property starting with new signage and improved landscaping. It is not believed that the site is planned for any major redevelopment.

Located along South 320th Street, Federal Way between Highway 99 and Interstate 5, the city's Mayor Jim Farrell is currently working to turn several nearby parcels of land into a town center. The city currently owns over 20 acres of land on South 316th Street and 20th Avenue, Federal Way, much of which has been designated to three 'town center' phases.

Town Center 1, Town Center 2, and Town Center 3 will include a new performing arts venue for Federal Way with an attached 125 room hotel, park, and numerous other mixed-use developments. As part of the project, the city's mayor also intends to bring a university to Federal Way, according to recent reports.

Following the sale by Andrew Cratsenberg and Cratsenberg Properties, LLC, it's hoped that Center Plaza, which was originally purchased by Andrew Cratsenberg Sr., will now grow along with the municipality's planned developments.

Eric Ash
Web Presence, LLC
email us here

Source: EIN Presswire

The Money Pouch Launches EUR & GBP Strategies

The Money Pouch, a free automated stock trading app, is launching EUR & GBP strategies to compliment its successful USD strategy.

SINGAPORE, SINGAPORE, September 20, 2018 / — The Money Pouch is a free wealth management app which allows you to trade stocks on autopilot.

The Money Pouch has been running successful ETF strategies in USD for the last 18 months, but now The Money Pouch is expanding to allow GBP & EUR strategies for clients.

This is particularly useful for clients who cannot trade USD ETFs due to PRIIPs regulation.

PRIIPs (Packaged Retail Investment and Insurance Products) are a set of EU investment regulations designed to protect consumers. PRIIPs require fund providers including ETF providers to produce a Key Information Document (KID) that enables investors to compare the risks, rewards and costs of different investment products.

European-domiciled UCITS ETFs were ready with their new KIDs when PRIIPs came into force alongside the MiFID II rules at the beginning of 2018. However US-domiciled ETFs did not comply and, as they mostly serve the US market, producing EU-approved information at their own cost is not a priority. So, many clients could no longer trade these USD ETFs.

Also, many clients are paid in EUR, but based in Asia or elsewhere worldwide and were asking us to create EUR strategies. The Money Pouch has gone one better and also included GBP strategies. Althogether, there are now 9 strategies available in USD, EUR and GBP for a conservative, balanced and adventurous risk profile.

The Money Pouch has now been downloaded over 10,000 times on Android and Apple mobile phones since its launch in February 2018. The Money Pouch was also listed in the Top 3 Business to Consumer Roboadviser Apps by Kaplan Capital in Hong Kong.

The Money Pouch offers clients a free risk questionnaire, where they can find out their free risk score. This score is then used to allocate an investment portfolio which suits a client's risk tolerance. For example, someone who is cautious with how they invest their monies will be placed into the conservative risk strategy, whilst a younger person with a higher propensity to risk, will be placed in the adventurous strategy. Those who are neither risk seekers or avoiders can set up a balanced strategy.

The Money Pouch aims to make 1% – 2% returns per month over a 5 year period depending on a clients' risk tolerance. Not every month will be a winning month and you can expect some losing months over any one year period. This is why investing in stocks and ETFs is a long game. You must remain invested for a 5 year period or more.

The Money Pouch team has a wealth of experience and have built over 400 successful trading algorithms. The Money Pouch app allows for automated stock trading of equity and bond ETFs. You can see the video below to find out how to set up an automated trading account in less than 10 minutes. Once an account has been approved by compliance, which normally takes a few days, you will then be able to fund your account.

The minimum initial deposit is only 10,000 USD. Clients who are worried about tax or court litigation also have the option to set up accounts via offshore companies, offshore trusts or offshore foundations. Joint accounts are also allowed.

Anyone who is an existing Interactive Brokers client, can easily transfer their account over to The Money Pouch with a simple one page form. This will suit clients who don't have time to trade very day or who have accounts which are not trading as they might like. The video below explains how to set up an automated stock trading account. You can set up an account in less than 10 minutes and you can start to trade like the pros immediately.

Click the link below to learn more about the Money Pouch's investment strategies and download the free apps on Google Play and iTunes.

Richard Malpass
Hudson James Investment Management
+1284 494 8945
email us here

Source: EIN Presswire

Brad Deflin of Total Digital Security to Present at Bank of America – Merrill Lynch Cybersecurity Events

These conferences are a great opportunity for investors and business owners to get the most current information on cybersecurity risks and mitigation from a wide range of experts in the field.”

— Brad Deflin

WEST PALM BEACH, FL, UNITED STATES, September 19, 2018 / — Total Digital Security, a provider of digital security technologies for individuals and businesses, today announced that its founder, Brad Deflin, will present at Bank of America- Merrill Lynch Cybersecurity Conferences on Wednesday, September 26, 2018 at the West Palm Beach Marriott, and on Tuesday, September 25, 2018 in Ft. Lauderdale at the Broward Center for the Performing Arts.

According to the World Economic Forum’s 2018 Global Risk Report, cyber attacks against businesses have more than doubled in five years, from 68 per business in 2012 to 130 per business in 2017. In fact, according to the world's leading researcher covering the global cyber economy, we will soon experience the greatest transfer of wealth in the history of mankind – from the pockets of individuals and businesses to the fists of cybercriminals around the world. Acknowledging the potentially devastating impact of cyber crimes on individuals, families, and businesses, Bank of America – Merrill Lynch is offering a series of educational conferences titled "The Impact of Cyber Threats on You and Your Business", which will include cybersecurity experts from Bank of America and other related fields.

Cybersecurity expert Brad Deflin’s presentation, "Cybersecurity — An Issue for the Boardroom, Break Room, and Living Room," will empower the audience with the knowledge required for protection of their online privacy and personal data, and with an understanding of the emerging innovations in technology designed to keep them secure, safe and in control of their personal information. Mr. Deflin will discuss topics such as the regulatory aspects of information sharing, virtual private networks and encryption, device protection and monitoring, and offer guidance in how to quickly detect and deter all forms of cyber crime, including ransomware, cyber blackmail, denial of service attacks, IoT hacking, social engineering, pretexting, brute-force attacks, mobile hijacking, cloud cracking and insider theft. He will also appear on a moderated panel discussion with local law enforcement and cybersecurity experts who will share their real experiences with cybercrime and discuss best practices for prevention and remediation.

About Total Digital Security

Total Digital Security provides enterprise-quality computer security for family businesses and individuals to protect consumers, businesses, homes, and families from the ever-increasing threat of cyber crimes. Offering computer security solutions such as private email accounts, Virtual Private Networks (VPNs), Router and Wifi network security, and digital vaults, Total Digital Security collaborates with families and organizations to create a custom risk profile to meet the specific cybersecurity needs of each client.

About Brad Deflin
Brad Deflin, Founder and President of Total Digital Security, has over 25 years of executive leadership in operations, sales, audit, compliance, and supervision of rigorously regulated financial environments, including Merrill Lynch, Lehman Brothers, Wells Fargo, and J.P. Morgan. An author and frequent speaker on the matters of online risk, Mr. Deflin specializes in the human element of cyber security, identity theft, online privacy, social media defense and fraud detection. His presentations relay complex information in an easily digestible and empowering format.

Additional presenters:
Jim Scopis – CISSP, Senior Vice President, Global Information Security, Bank of America
Alan Hale – Senior Vice President, Senior Fraud Policy Strategist, Bank of America Merrill Lynch
Robert Ringelspaugh – Digital Channels Solutions Executive, Bank of America Merrill Lynch
Kevin Rosen – Partner, Shutts & Bowen
Bobbyjoe Glover – Special Agent, FBI — Miami Division, West Palm Beach Office

These programs are approved for 3.5 CPE credits and 3 CTP/CCM and FPA recertification credits by the Association for Financial Professionals. CLE credits are pending.

Diane Kisner
Total Digital Security
email us here

Source: EIN Presswire

Fearless Girl to Receive “This Young Woman Means Business!” Award at 14th Annual M2W® – Marketing to Women Conference

marketing to women

Fearless Girl

With this award we acknowledge the place she has won in the minds and hearts of females everywhere.

This award acknowledges the place the Fearless Girl has won in the minds and hearts of females everywhere. She is today and always, a Young Woman Who Means Business.”

— Nan McCann, M2W® producer

NEW YORK, NEW YORK, USA, September 19, 2018 / — In recognition of the stunning impact she has had around the world, Fearless Girl will be honored at M2W®-The Marketing to Women Conference, with the ‘This Woman Means Business!” Award. This year the award has been renamed by adding the word “Young” to recognize her forever young and inspiring presence for generations to come.

Lizzie Wilson, part of the creative team at ad agency McCann New York that created the Fearless Girl campaign in partnership with client State Street Global Advisers, will accept the award on behalf of the team. M2W® is an executive learning event that teaches brand marketers how to build more business with women, who account for $7 trillion annual consumer spending in the US, and over $20 trillion globally. M2W® will be held Oct. 3 & 4, 2018, New York City.

“The Fearless Girl is an international treasure,” according to Nan McCann, M2W® producer. “She stands unwavering on Wall Street and is perpetually fearless. With this award we acknowledge the place she has won in the minds and hearts of females everywhere. She is today and always, a Young Woman Who Means Business, and it is our good fortune to have her in our midst.”

“Every year the M2W® This Woman Means Business! award is presented to a proven leader… a woman of inspiration…an innovator and visionary…someone who produces positive results, while energizing and engaging those around her,” McCann explained. “By example she champions women in the workplace, in the marketplace, and in the world. She is a reminder to all that when doors are open to women, they will be a transforming economic & cultural force…and that every worthy enterprise will thrive by engaging women like her who mean business.”

The Fearless Girl has won 4 Grand Prix at the Cannes Lions Festival of Creativity, and top awards at D&AD, D&AD Impact, Clio, Cresta, London International, One Show, New York Festivals, AICP Next and Effie Awards. With Fearless Girl serving as a powerful symbol to help amplify their message, State Street Global Advisors has made board diversity a key focus of their corporate governance policies, motivating over 150 public companies around the globe to add a woman to their previously all-male boards.

“M2W®’s audience,” McCann continued, “is comprised of powerful and influential marketing execs who control hundreds of millions of brand advertising and communications dollars. And the Fearless Girl embodies the qualities I think they all hope for and value in corporate, non-profit and civic marketing efforts and governance. I’m sure the award will be one of this year’s highlights.”

“M2W® is annually attended by Fortune 1000 senior brand marketing executives and their agencies. The audience typically includes companies as diverse as Harley-Davidson, Bayer, Aetna, ESPN, Kraft Foods, Ford, GM, Johnson & Johnson, Kelloggs, Diageo, Walgreens, Wells Fargo, NBA, WebMD, Burton, L’Oreal, ConAgra and Whirlpool. “They attend,” McCann said, “because they recognize the brand-critical importance of engaging women. Their purchasing power is critical to the success of almost every brand in every major consumer category. Women are today’s power consumers.”

M2W® supports Save The Children. M2W® is presented by Google and supported by Associate Sponsors: AARP and McCann Worldgroup, Showcase Sponsors include: Incite & Ask Patty. M2W®’s video resource is Snippies.

For complete conference schedule and information visit: or call 860.724.2649 x13. M2W® is produced by PME® Enterprises LLC, 912 Silas Deane Highway, Suite 101, Wethersfield, CT 06109. PME® is a sales and marketing agency with a special emphasis on events.

Nanci McCann
PME Enterprises LLC
email us here

Source: EIN Presswire

norbloc hires Head of MENA and expands its Middle East team

We are further signifying our commitment to the region and strengthening our presence by opening a permanent office at DIFC in Dubai and recruiting an experienced team to be present on the ground.”

— Astyanax Kanakakis

DUBAI, DUBAI, UNITED ARAB EMIRATES, September 19, 2018 / — Dubai, September 17, 2018: norbloc, the regulatory blockchain application provider, has announced the appointment of Ian Norville as Head of MENA, bringing extensive experience from top-tier international institutions to the company.
“We are very pleased to announce and welcome Ian Norville as Head of MENA. Ian will be based in Dubai, UAE, with a mandate of leading the norbloc sales team in the Middle East, developing new business opportunities and creating customized solutions to customer needs,” said Astyanax Kanakakis, CEO and co-founder of norbloc. “We are further signifying our commitment to the region and strengthening our presence by opening a permanent office at DIFC in Dubai and recruiting an experienced team to be permanently present on the ground. Ian is an internationally experienced Enterprise Technology Sales and Marketing professional who will be instrumental in driving our efforts across the Middle East, where we are seeing increasing demand for our platform. He will work to ensure that we are well positioned to capitalize on the growth opportunities that lie ahead of us in 2019.”

Ian Norville comes to norbloc from Microsoft in New York City, where for the past 4 years he led an account team serving key Fortune 500 customers across the financial services and retail sectors, with focus on enabling digital transformation through enterprise technology. Prior to that, Ian was based in Dubai for 4 years and held various Business Development / Innovation roles at CEMEX, a NYSE-listed building materials company. Ian holds a Bachelor of Arts from Claremont McKenna College in Los Angeles, USA and an MBA from the Wharton School of the University of Pennsylvania, USA.
For more information, please contact us at or visit the norbloc website at

About norbloc:

Founded in 2016 and headquartered in Stockholm, Sweden, norbloc builds regulatory applications on blockchain platforms. Its flagship product, Fides, is a digital solution to KYC processes via a fully regulatory compliant blockchain application that allows for KYC files to be shared among financial institutions, removing duplication of efforts and reducing costs. The team behind norbloc holds significant experience in blockchain technology development, financial services and consulting from companies such as UBS, Lehman Brothers, ING and McKinsey & Co. The company is a core member of and frequent contributor to the Hyperledger consortium and aside from its headquarters in Stockholm, operates offices in Athens, Greece and Dubai, UAE. In November 2017, norbloc was recognized as one of the most innovative companies in the RegTech (regulatory technology) space via inclusion in the RegTech 100 list.

Nikos Patsiogiannis
norbloc AB
email us here

Source: EIN Presswire

Zibtek Opens New Office in Bengaluru, India, Planning to Expand Operations

Zibtek launches its new office in Bengaluru. They are planning to hire the best talent to assist them in various streams of operation.

BANGALORE, KARNATAKA, INDIA, September 19, 2018 / — Zibtek opened a new office in Bengaluru, India, on April 4, 2018. Their operations in India first started in Pune in 2009. Zibtek has its presence in India for almost nine years now. With the help of Raja Ganabathi, one of the partners of Zibtek, they worked hard to establish the office here in Bengaluru.

Bengaluru is larger than Pune when it comes to the total population and the sophistication of the IT industry. While Pune has almost 2.4 million people, Bengaluru has nearly 13 million people living in the city today. It is a city rich in resources, especially when it comes to finding high-quality labor. No other city in India comes close when it comes to talent in the tech industry.

The management of Zibtek has hired people to support various operations including sales, marketing, and human resources. They have plans to expand their business, and this new location will help them move toward achieving that goal.

The ultimate goal of Zibtek in opening the branch in Bengaluru is to start Business Process Outsourcing (BPO) services. With focused marketing and development on BPO services, they will soon have full-fledged operations.

About Zibtek: Zibtek is one of the world’s leading software, web, and mobile development companies. They also provide various other services such as digital marketing, design, and BPO. They have a growing base of satisfied customers because they work efficiently to deliver the best product or service in a highly competitive global, digital economy.


Zibtek Pvt Ltd
NO.651-5M, RAIS PINNACLE, 2nd Floor,
OMBR Layout, Banaswadi,
Bangalore, 560016. India.

Jonas Gihone Akula
email us here

Source: EIN Presswire

Mae McNearly of Jackson, MS Named Winner in Watkins Construction & Roofing No Roof Left Behind Free Roof Giveaway

Watkins Construction and Roofing

Watkins Construction and Roofing

Mae McNealy of Jackson has been named as winner of a new roof in Watkins Construction & Roofing’s No Roof Left BehindTM initiative.

We are very pleased with the success of this initiative that has brought so many members of our community together. We are excited to celebrate with everyone who made this possible”

— Michael Dier

JACKSON, MISSISSIPPI, UNITED STATES , September 19, 2018 / — Ms. McNealy is a retired widow on a fixed income. She’s 80 years old and doesn’t have the means to make costly repairs to her home. She’s helped so many people throughout her life, and she’s often put others needs before her own. This is why we feel like she’s a perfect fit for the No Roof Left Behind program.

“Really, you’re not kidding me are you?,” says Mae McNealy. Later she said thanks and was so excited!

Watkins Construction & Roofing has scheduled the project for September 28th, weather permitting, with TBD as the rain delay date. In celebration Watkins Construction & Roofing is inviting the community to join them for an Installation Celebration to kick off the project. This will be a family friendly, festival style neighborhood event and all are welcome.

As part of the program, Mae McNealy will receive donated roofing shingles from Owens Corning. Owens Corning is a constant partner with Watkins Construction & Roofing. This is their third roof giveaway to be a part with us. Mississippi Roofing Supply will be donating the roofing accessories for the project. This is also their third roof giveaway for them to be a part of this year. BRAVO! Italian Restaurant will be donating the food for the installation party. “We are very pleased with the success of this initiative that has brought so many members of our community together. We are excited to celebrate with everyone who made this possible,” said Michael Dier.

For more information about Watkins Construction & Roofing, their No Roof Left Behind program and interviews with Michael Dier, please call 601-966-8233 or visit


Watkins Construction & Roofing transforms properties and restores communities by providing exceptional customer service and unparalleled products and warranties through our elite partnerships with industry leaders. We provide maximum value and peace of mind to our customers through honest and effective communication, integrity and the highest attention to safety and quality. Watkins Construction & Roofing searves the greater Jackson Mississippi areas all the way through Brandon MS.

Michael Dier
Watkins Construction and Roofing
email us here

What Watkins Construction & Roofing Believes

Source: EIN Presswire

SCH Advisors – X Financial Research Paper: X Financial, China’s Next FinTech IPO

X Financial IPO Expected to List Today

Welcome to SCH Advisors monthly research paper. Each edition will highlight a specific company within a progressive dynamic sector.

MANHATTAN, NEW YORK, NEW YORK, September 19, 2018 / — SCH Advisors is a leading independent stock advisory firm that works with a variety of clients from institutional and corporate to retail and private investors. Our objective is to offer uncompromised advice, enabling our clients to make pertinent investment decisions. Specializing in sectors known for exceptional growth, SCH Advisors is here to guide, advise and execute your wealth management strategy.

Welcome to SCH Advisors monthly research paper. Each edition will highlight a specific company within a progressive dynamic sector.

Expected to list later today, X Financial aims to sell 11 million ADSs at $10.00 per ADS representing underlying Class A shares in a U.S. IPO.

The firm operates an online consumer finance marketplace in China.

XYF is still growing quickly after the effects of recent Chinese government financial crackdowns but faces continued regulatory unknowns.

X Financial intends to raise $110 million from a U.S. IPO of its ADSs representing underlying Class A shares, per an amended registration statement.

The company provides a range of unsecured loan and wealth management services via its online platform.
XYF is still growing sharply even after Chinese government financial impacts on its business but still faces more regulatory uncertainties ahead.

Company & Technology

Shenzhen, China-based X Financial was founded in to offer a suite of products specifically catered to the financing and investment needs of individuals in China.

Management is headed by Founder and CEO Yue (Justin) Tang, who has previously co-founded
X Financial is comprised of several individual brands, including Xiaoying Card Loan which is primarily a credit card balance transfer product, Xiaoying Preferred Loan, a high-credit-limit unsecured loan product, and Xiaoying Wealth Management, a wealth management service marketplace.

The company’s peer-to-peer platform matches borrowers' loan requests with investors' investment demands and executes loan and investment transactions to provide borrowers with prompt funding.

The firm says it is the third largest non-traditional consumer high limit unsecured credit provider in China, according to an Oliver Wyman report.

Investors in XYF have included Bainian Kangcheng, Shanghai City Holdings, Gold Mantis Enterprise and China Century Group, among others.

Management has created has a strategic partnership with ZhongAn, an online-only insurance company in China.
ZhongAn provides credit insurance on the loans that XYF facilitates and was the firm’s third-largest ecosystem partner ‘in terms of gross written premiums.’

Notably, the firm has materially reduced the interest rates and service fees it facilitates or charges due to a regulatory crackdown on high-interest rates for consumer loan products.

Market & Competition

According to a 2017 Oliver Wyman report on Chinese FinTech firms, outstanding loan balances for online peer-to-peer lending platforms has exploded in recent years, from RMB 31 billion ($467 million) in January 2014 to RMB 856 billion ($129 billion) by January 2017.

This spectacular rise represents a 27.6 times growth multiple in just a three-year period.

Furthermore, ‘China has overtaken the United States as the global leader in FinTech venture capital activities [in 2016] and represents 47 percent of global FinTech investments,’.

China is also home to a growing number of ‘unicorns,’ tech companies that have a private valuation of at least $1 billion. Ant Financial, valued at $60 billion, is far and away the largest FinTech unicorn followed by Lufax’ valuation of $18.5 billion:

Until the recent government crackdown, the growth of the Chinese FinTech market has been nothing short of dramatic. In the four categories of Financing, Investing, Insurance, and Transaction, the chart below indicates the recent indexed growth history, with 2014 being a major inflection point.

During this tremendous growth period, the PBC (People’s Bank of China) cut the benchmark interest rate five times and lowered the required reserve rate six times.

IPO Details

XYF intends to raise $110 million in gross proceeds from an IPO of 11 million of its ADSs representing 22 million underlying Class A shares at a midpoint price of $10.00 per ADS.

Class A shareholders will be entitled to one vote per share and Class B shareholders, primarily the company founder and CEO, will be entitled to twenty (20) votes per share.

Multiple classes of stock are a way for management to retain voting control of the firm even after losing economic control.

The S&P 500 Index no longer admits firms with multiple class of stock into its index.

At IPO, XYF will have an enterprise value of approximately $1.42 billion, assuming it prices at the midpoint and excluding any effects of customary underwriter options.

Management says it will use the net proceeds from the IPO as follows:

The primary purposes of this offering are to create a public market for our shares for the benefit of all shareholders, retain talented employees by providing them with equity incentives and obtain additional capital. We plan to use the net proceeds of this offering primarily for general corporate purposes, which may include investment in product development, sales and marketing activities, technology infrastructure, improvement of corporate facilities and other general and administrative matters.

Management’s presentation of the company roadshow isn’t currently available.

Certain existing investors have indicated an interest in purchasing up to $100 million of the ADSs at the IPO price. This is a significant signal to prospective IPO investors but is non-binding.

Shares are expected to be offered between $9.00 and $11.00.

SCH Advisors see’s the X Financial listing and a perfect forerunner to the much-anticipated Ant Financial IPO expected next year.

The fact that X Financial are listing at a time when there is turbulence between China and the US should not have a huge impact on its debut, however the ability to gauge investor sentiment for the industry will provide massive benefits for anyone looking to the FinTech sector for future opportunities.

To receive more information on X Financial and Ant Financial or subsequent editions via our mailing list, contact us at

Visit to find out more about our products and services we have available.

Why not contact an advisor today.

Jonathan Harper
SCH Advisors
1 6468095762
email us here

Source: EIN Presswire