25 4 月, 2022

American Premium Water Corp. to acquire CloudXchange DataCentre Inc. to embark on crypto-mining related businesses with earnings guarantee of US$1.5 million for the first 12 months

PLAYA VISTA, California, Apr 25, 2022 - (ACN Newswire via SEAPRWire.com) - American Premium Water Corporation (OTC:HIPH) (APW) is pleased to announce that its Board of Directors has approved the acquisition of 100% ownership of CloudXchange DataCentre Inc. (CloudX), an entity that engages in crypto-mining related business through its wholly owned subsidiary CloudXchange DataCentre Pte Ltd (CloudX SG), to diversify the Company's earnings. The purchase price of the transaction will be at a consideration of US$45.6 million, which reflects a projected price-to-earnings ratio of 30. To fund the acquisition, the Company will issue restricted common shares of equivalent value to Mr Chan Heng Fai, Ambrose (Seller), the sole shareholder of CloudX.CloudX is engaged primarily in investment within the cryptocurrency space with a focus on crypto-mining and staking activities. Crypto-mining refers to the process that verifies and adds new transactions to the blockchain by solving complex mathematical equations for a cryptocurrency. The crypto miner that solves the complex mathematical equations first is rewarded with the respective cryptocurrency. Staking cryptocurrencies is a process that involves using crypto assets to support a blockchain network and verify transactions.For risk management purposes, CloudX's crypto-mining data centers will be strategically set up in locations such as Singapore, Malaysia (Sarawak) and Texas, United States with various service providers.Ryan Fishoff, CEO of APW commented "The Company is very excited to enter into the crypto-mining space. This acquisition is designed to provide APW with a stable and growing revenue stream, and position the Company for long-term growth and profitability. The acquisition of CloudX will be transformative for the Company as APW embarks on a new business strategy that is designed to enhance shareholder's value."As part of the terms of the acquisition agreement, the Seller has provided APW with a guarantee to generate a minimum of US$1.5 million in earnings before interest, taxes, depreciation and amortization ("EBITDA") for CloudX SG within the first 12 months from June 2022 or upon the full delivery of the mining rigs (miners). In the event that the EBITDA of CloudX SG falls short of US$1.5 million, a guaranteed top-up for any shortfall amount up to US$1.5 million will be borne by the Seller.With the acquisition of CloudX, the Company will be focusing on the crypto-mining sector, and intends to change its name to "American Premium Mining Corporation". The Company has previously been focused on building brands that utilize cutting edge bioscience and nanotechnology in the CBD and wellness space. About CloudXchange DataCentre Inc.CloudXchange DataCentre Inc. is a holding company for CloudXchange DataCentre Pte Ltd which is engaged primarily in investment within the cryptocurrency industry with a focus on crypto-mining and staking activities. CloudX endeavors to leverage the potential of the cryptocurrency space to generate predictable revenues and operating income. About American Premium Water CorporationAPW is a diversified consumer products company focused on brands that utilize cutting edge bioscience technology. The Company is focused on harnessing the power of Nano technology that utilizes CBD and other compounds to help increase the quality of life for its consumers. Forward-Looking Statements This press release includes statements that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that are often difficult to predict, are beyond our control, and which may cause results to differ materially from expectations. For a discussion of the most significant risks and uncertainties associated with the Company's business, please review our filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.Contact Information American Premium Water Corporation 12777 Jefferson Boulevard Building D Playa Vista, CA 90066 Email: info@americanpremiumwater.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

6 12 月, 2021

Government of Telangana, Ministry of External Affairs, NPCI, MeitY and Many Others Participated at India’s First Mega Scale Datacentre & Cloud Conference

New Delhi, India, Dec 6, 2021 - (ACN Newswire via SEAPRWire.com) - At a time when India is generating colossal volumes of data with its 600 million plus active internet users, Tradepass hosted the country's first mega scale datacentre & cloud conference, i.e., Datacentre and Cloud Infrastructure Summit (DCCI) 2021: India, virtually on 23 - 24 November.The conference was one of a kind for the country, as it hosted 700+ datacentre & cloud professionals on a single virtual platform including the C-suite executives from the leading organizations across India and the top officials from Government of Telangana, Ministry of External Affairs, National Payments Corporation of India, Ministry of Electronics and Information Technology, Bombay Stock Exchange, NITI Aayog and many others.Even CISCO took the centerstage during the conference and gave an insightful talk on the 'multi-Cloud' landscape, whereas Panduit had its own exclusive virtual exhibition booth to showcase their datacentre & cloud oriented solutions.While sharing crucial insights on the future of datacentres in India, Shri Jayesh Ranjan (Principal Secretary, The Industries & Commerce (I&C) & Information Technology (IT) Departments, Government of Telangana) expressed, "Amazon Web Services (AWS), they have created 3 mega datacentres in Telangana which are in their standards the largest ever. They are investing close to 2.7 billion dollars. In fact, this is the biggest FDI Telangana state has received after its formation". Uma Chauhan (Senior Director & Scientist G, MeitY, Government of India) gave some noteworthy points on the power capacity of the Indian datacentres, she stated, "As you are all aware, the way data is growing in India, we need more and more datacentres. The present capacity of the datacentres is not sufficient enough for the next five years. So, as per the reports, the data which is available with us, the total present capacity for the datacentres right now is 447 megawatts and it is assumed that the datacentre capacity is going to grow 3 times by the year 2025."The conference highlighted the latest developments in the Indian datacentre & cloud industry and stated the recent stance of the government in the development of the sector. By and large, DCCI 2021: India was filled with insightful presentations, knowledge packed fireside chats and panel discussions, that witnessed the participation from some leading thought leaders and the best-in-class experts from the industry. Some of the most pressing topics from the conference included 'Data sovereignty in the age of cloud computing', 'Datacentre in a 5G enabled world', 'Cloud Security', 'Datacentres & Cloud powering India's digital economy boom' and many others.While expressing his views on the involvement of datacentres & cloud, in powering India's digital economy boom, Neeraj Sinha (Senior Advisor, Niti Aayog) mentioned, "In November 2020, government of India's Ministry of Electronics & IT had released a draft policy which will give the datacentre sector, infrastructure status. Now, some firms in the sector expect that the status won't be awarded in the next 5 years."When enquired about the execution of the entire event, organizer and CEO of Tradepass, Sudhir Jena expressed, "Datacentre and Cloud Infrastructure Summit (DCCI) 2021: India gave a future road map concerning the nation's datacentre & cloud industry. It also facilitated networking between the public & private sector, including the key stakeholders from the industry and that was the most pressing need of the hour to say the least".For more information about the summit, log onto https://india.dccisummit.com/About TradepassTradepass provides elite business networking platforms across the MEA, APAC and Europe that connects the world of tech buyers with market intelligence, insightful use-cases, and innovative solutions from global experts, investors, and business partners.Media contact:Shrinkhal SharadPR & Communication Executive shrinkhals@tradepassglobal.comTradepass Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

25 10 月, 2021

India Gears Up for its Biggest Datacentre and Cloud Spectacle Ever

BENGALURU, INDIA, Oct 25, 2021 - (ACN Newswire via SEAPRWire.com) - Amidst unprecedented internet penetration that accounts for over 600 million active users in the country, India is more poised than ever to skyrocket its growth in the Datacentre & Cloud market. It's already estimated that the Indian datacentre industry will cross $8 billion by 2026 (Arizton Advisory & Intelligence) along with its cloud computing market to reach a staggering $7.1 billion by 2022 (Nasscom).Taking heed from these massive paradigm shifts and post-receiving phenomenal success in ASEAN, Tradepass has announced its Indian edition of Datacentre & Cloud Conference i.e., Datacentre and Cloud Infrastructure Summit (DCCI) 2021: India (https://india.dccisummit.com), scheduled to take place virtually, on 23 - 24 November. The conference is aimed towards addressing every colossal development that has happened in the sector, where India has already surpassed the primary markets of Europe and the US in power consumption that accounts for 102 MW. Following his participation announcement, when asked about the growing impact of the datacentre & cloud industry, Golok Kumar Simli (Chief of Technology - Ministry of External Affairs, Government of India) stated "Hyper Scale Data Center, Cloud Economic Zone and Data Economic Zone would be the driving factors towards emerging global economic order".Organizer and CEO of Tradepass, Sudhir Jena expressed, "Amidst larger-than-life technological disruptions aimed towards enabling a Digital India, events like 5G rollouts, rapid adoption of cloud technologies like SaaS, IaaS or PaaS by millions of Indian SMEs, the increasing popularity of the OTT apps, the reliance of the masses on all kinds of lifestyle-oriented apps, etc. have turned every eyeball towards the country's Datacentre & Cloud market."He further added that, "Datacentre and Cloud Infrastructure Summit (DCCI) 2021: India, will not only facilitate collaboration between the biggest stakeholders and the leading tech providers from the industry but will also address the existential trends and the most-pressing roadblocks."The conference will also host over 1000 tech professionals from 300+ plus leading organizations including the senior most C-suite executives and the key decision makers to share crucial insights and the latest intelligence from the industry.Some of the speakers from the summit include Golok Kumar Simli, Chief of Technology, Ministry of External Affairs, Government of India; CK Prasad, Head - Telecom & IT, Railways; Laxmikumar Reddy Sammeta, VP - Architect, JPMorgan Chase & Co.; Ananth Subramanian, Executive Vice President and Head IT, Kotak Mahindra Asset Management Co Ltd; Shiva Kumar RV, Deputy Chief of Technology - Infrastructure, National Payments Corporation of India; Rachit Mohan, India Head - Data Centre Advisory, JLL; Deepak Bhosale, General Manager - IT, Asian Paints and many others.The Indian government on the other hand has gone all out in ensuring the industry's exponential growth with its data sovereignty laws that mandate all domestic and international companies to store certain data types within the country's geographical limits. Moreover, the Ministry of Electronics & Information Technology's policy of providing 'Infrastructure status' to the Datacentre sector (just like Railways, Roadways, and Power) has sealed the deal for many keen investors from the country and overseas.Some of the key topics from the summit include 'Data Sovereignty in the age of Cloud computing', 'How Datacentre Automation is powering profits', 'Role of Hyperscale Datacentres in IT operations', 'Cloud Security' and many others. For more information about the summit, log on to https://india.dccisummit.com/About TradepassTradepass provides elite business networking platforms across the MEA, APAC and Europe that connects the world of tech buyers with market intelligence, insightful use-cases, and innovative solutions from global experts, investors, and business partners.Mohammed RaiyanTradepass Globalmohammedr@tradepassglobal.comVisit us on social media:LinkedIn: https://www.linkedin.com/company/13608903/admin/ Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)