focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
After three years of Covid restrictions we feel that the shackles have been fully lifted and the path is now clear for us to resume an even greater growth trajectory."
Nice solid positive trading update.
Well done Tony and the team.
Thanks
https://twitter.com/pendulum_chain/status/1622121616019787776
https://twitter.com/PendulumAlex/status/1621480843263844358
Pendulum Launch in 2 weeks.
Still a great price to accumulate.
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https://pendulumchain.org/#roadmap
No dates on there but they have said a lot will be happening in Feb including the launch of Pendulum Mainnet.
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Superb Nikkib and Ragnarr,
Here's the transcript for people who won't click on links.
We’re excited to announce our partnership with Pendulum, an open-source blockchain linking the fiat and DeFi ecosystems through a complex smart contract network. The collaboration will introduce minting, liquidity, and trading opportunities for PEN (Pendulum’s native token) and EQD stablecoin holders.
Pendulum features practical aspects for financial operations like Pendulum’s Spacewalk Bridge. Spacewalk offers Pendulum a unique, trustless bridge to the Stellar blockchain that unlocks access to fiat-backed stablecoin ecosystems. In doing so, Spacewalk enables Pendulum users to develop Forex applications and realize new financial opportunities.
Equilibrium’s money market will allow users to stake PEN tokens for rewards (farming) or use as collateral to borrow crypto assets. Furthermore, after listing PEN, the Equilibrium orderbook DEX will offer non-custodial PEN/EQD trading — perfect for users seeking non-custodial trading.
EQD’s new collateral acceptance of PEN and Stellar’s fiat-backed stablecoins creates new opportunities for asset holders. The EQD stablecoin can act as a gateway to the Polkadot ecosystem and is integrated with numerous parachains and dApps via XCM, providing liquidity through yield farming or trading options against other supported crypto assets on DEXs.
The partnership between Equilibrium and Pendulum is mutually beneficial to both communities as it helps to broaden the user base and add more utility to both blockchains’ native assets. We’re looking forward to increased opportunities for our communities and are excited to see what the future holds.
You’re not a shareholders anymore so why are you bothering to write so much in here? Just bloody ring Tony and ask him. It’ll be quicker for your peace of mind.
Thanks
No problem at all.
Positive indeed.
Looking forward to upcoming RNS’s.
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The reopening is a welcome change from the past few years, when East Imperial was impacted by some of the strictest Covid restrictions in the world.
“As an export business, we were not able to travel. There is no substitute for being on the ground. Hospitality is a people business. It’s about being in front of each other, talking to each other, getting to know each other, and serving each other. It’s not about Zoom,” Burt said.
Supply chain issues are still a lingering issue for the company, with elongated periods for deliveries, and costs have even ballooned to five times more than the usual pricing structure for the company.
“It’s made margins very strained. Our main focus is on margin improvement. Our biggest opportunity is the direct to consumer channel. Now around 10 per cent of our business is from DTC. We’re on Amazon in the US and Australia,” he added.
Interestingly, East Imperial has not raised the price of its products since 2013, and Burt acknowledged that the company is absorbing the pain of cost increases. But that could change in certain regions depending on prevailing market conditions.
“The US is a big focus for us in 2023. We’re going to concentrate on great listings, top hotel chains, best restaurants, best hotel bars and best ****tail bars. Of course, China is also a focus, as a massive surge of demand is expected with the reopening,” he said.
Beyond overseas expansion, Burt is eyeing the burgeoning home ****tail scene as a growth driver for the business.
“A lot of effort has been put into our websites to create content about how to create beautiful ****tails, or educating people about the finer points. We are looking to partner with certain brands to create new opportunities in terms of how we market ourselves,” he said.
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Premium New Zealand tonic water and mixer brand East Imperial sees a big opportunity to expand in Asia, with the recent reopening of China expected to drive a tourism boom in 2023.
The company recently appointed SUTL Group to distribute its products in Vietnam and Singapore, expanding on the agreements it already has with Leung Yick in Hong Kong and Wen Hua Hang Wine Spirits Company in China.
“We’re only a couple of weeks into the new year, but we’ve got a real sense of momentum building up and this should carry on until the end of February, going into the end of the first quarter. So far, things are looking good,” Anthony Burt, founder and CEO of East Imperial, told Inside Retail.
The story so far
Burt launched East Imperial in 2013 after spotting an opportunity in the drinks market for a more premium mixer brand.
“Companies like Schweppes and a younger brand out of England, called Fever Tree, all still behave like soft drinks. They position themselves like soft drinks, so there was a definite opportunity to be more premium,” he noted.
Believing that New Zealand was not ready for a premium mixer brand, Burt entered the Singapore market early on, and it has been a cornerstone of the brand’s success thus far.
“We now have 12 different flavours in our product portfolio, we market our products to over 20 countries globally. It’s been quite a journey. We’ve had to navigate through a pandemic, supply chain challenges, and it’s not been all plain sailing,” he added.
He feels the challenges of the past few years have made East Imperial more resilient. The team is always striving to be more agile and aware of opportunities both offline and online.
The launch in Vietnam presents an exciting opportunity for the business to grow in the luxury hotel and hospitality scene, according to Burt.
With an estimated 100 hotel projects currently under construction in the country, Vietnam’s tourism sector is expanding, with international tourist arrivals expected to surpass pre-pandemic levels in 2024.
When it comes to China, East Imperial has taken a different approach to its distribution strategy. The company has enlisted local know-how to tackle the market and has benefited greatly from this.
“We’re just happy to see the restrictions being lifted in China, and with a lot of people travelling and a surge of demand expected, we have a lot of ambitions for China going into 2023. It’s a massive region for us,” Burt said.
Tony Fabrizi, CEO of Blue Star Capital said that: "This significant new contract, with one of Southeast Asia's largest telcos, is further testimony to the continued progress of Dynasty as it expands its gaming ecosystem to deliver Web3 Play to Earn games.
We anticipate further announcements later this year as Dynasty's extensive and growing network provides an attractive route for large corporations looking to move seamlessly into gaming."
We didn't hear anything after this.
Would be great to get an overdue update about the progress of Dynasty.
https://twitter.com/CryptoGirlNova/status/1620123450617778178
Apologies if this has already been posted.
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https://twitter.com/pendulum_chain/status/1620077798692995072
To follow up your link Chester