Daily Archives: March 8, 2018

iPic® Entertainment Announces Agreement to Partner With BAS Global Investments Company to Develop World-Class Luxurious iPic Theaters and Restaurant Locations in Saudi Arabia

BOCA RATON, Fla., March 08, 2018 (GLOBE NEWSWIRE) — iPic® Entertainment (“iPic” or the “Company”) (NASDAQ:IPIC), America’s premier luxury restaurant-and-theater brand, today announced the signing of a Memorandum of Understanding to develop its one-of-a-kind, world-class luxurious iPic® theater-and-restaurant locations throughout the Kingdom of Saudi Arabia. iPic® has formed a partnership with BAS Global Investments Company, a well-known Saudi group. This relationship reflects the Company’s strategy to pursue international asset-light licensed agreements.

This is a monumental time for the Kingdom of Saudi Arabia as it is now allowing movie theaters to open for the first time in more than 35 years. With roughly two-thirds of the local population under 30 years of age, the country’s demographics play into iPic®’s strength as a social entertainment destination that is also an affordable luxury. Through this partnership, the Company believes there are significant expansion opportunities for the iPic® brand in the Kingdom of Saudi Arabia over time.

“We are thrilled to be working with BAS Global which we believe will be excellent local partners to lead growth of the iPic brand throughout the Kingdom of Saudi Arabia,” says Hamid Hashemi, Founder & Chief Executive Officer of iPic® Entertainment. “We are excited to bring our first-class entertainment experience to the region and be a part of the country’s Saudi Vision 2030 Plan which focuses on job creation and transforming the economy toward more recreation and tourism spending.”

iPic® combines polished-casual restaurants and world-class luxury theater auditoriums with  gourmet, in-theater dining to create a one-of-a-kind experience.

iPic® currently operates three restaurant concepts – The Tuck Room, Tanzy, and City Perch – with one planned to be included at each location. The Tuck Room is a gastro lounge whose name means to eat with enthusiasm or pleasure and be hidden away comfortably; Tanzy is focused on garden-fresh Italian cuisines; and lastly, City Perch Kitchen offers seasonal American dining made from fresh, sustainable ingredients with shareable plates.

The new iPic® Theaters in the Kingdom of Saudi Arabia will enable guests to enjoy their movies in ultimate comfort and style with the option of iPic®’s signature Premium or Premium Plus seating. The locations will also feature iPic®’s patent pending viewing Pods and Chaise Lounge seating.

These visionary seating Pods — which encapsulate two reclining seats and a cubby in the corner to tuck away small items — feature revolutionary sound-absorbing technology, courtesy pillows and blankets. Expressly designed, they create an intimate space for viewers to enjoy their movie without inhibiting or diluting sound.

Guests will also be able to enjoy iPic®’s gourmet chef-driven dine-in-the-dark menu helmed by acclaimed three-time James Beard Award-winning Chef Sherry Yard from the comfort of their seats. Premium seat ticketholders may purchase their food and beverage selections direct from iPic® Express to carry into the theater and enjoy from their seats. Premium Plus ticket holders can summon iPic®’s ninja-like servers to deliver menu selections direct to their chairs via personal service-call buttons.

iPic® auditoriums seat 50 to 90 people in an intimate setting. All auditoriums will be equipped with 4K digital cinema technology and the viewing Pods. All seats can be reserved ahead of time on iPic®’s proprietary reservation system on iPic.com, or moviegoers can simply download the iPic® App to their iPhone or Android for a one-step transaction process.

Access iPic Membership Rewards®, iPic®’s exclusive membership program will further enhance the iPic® guest experience by empowering iPic® members to customize and build their brand experience via three levels of Access: — Silver, Gold, Platinum—and a secret status level members can reach by invitation only. Members will receive special members-only ticket pricing along with enhanced perks such as the ability to earn and redeem points on qualifying purchases, exclusive access to iPic® member events and the ability to purchase bulk iPic® ticket packages.

iPic® locations offer guests alternative content such as live shows and gaming competitions. Additionally, the Company will continue to leverage and expand its branded sponsorships that are largely focused on iPic® Life which is a 20-minute segment shown before the movies. Content includes showcasing luxury brands and products as well as new menu dishes for the theaters and restaurants. iPic® has sponsorships with luxury brands such as Burberry, Cartier, Lexus and more.

About iPic® Entertainment
Established in 2010 and headquartered in Boca Raton, FL, iPic® Entertainment is America’s premier luxury restaurant-and-theater brand. A pioneer of the dine-in theater concept, iPic® Entertainment’s mission is to provide visionary entertainment escapes, presenting high-quality, chef-driven culinary and mixology in architecturally unique destinations that include premium movie theaters and restaurants. iPic® Theaters offers guests two tiers of luxury leather seating, Premium Chaise lounge and Premium Plus pod or reclining seating options. iPic® Theaters currently operates 15 locations with 115 screens in Arizona, California, Florida, New Jersey, New York, Texas, and Washington and new locations planned for Florida, Georgia, Texas, California and Connecticut. For more information, visit www.iPic.com.

Investor Relations:
ICR
Melissa Calandruccio, CFA
iPicIR@icrinc.com
646-277-1273

Media Relations:                                                             
The Gab Group for iPic® Entertainment Corporate
Michelle Soudry                                                         
msoudry@thegabgroup.com                                            
561-750-3500                                                

Jonesworks
Stephanie Jones/Michelle Bower
ipic@jonesworks.com
212-839-0111

‫سی آر آئی سرٹیفکیشن نے ڈی اے سی کی جانب سے اولین آئی ایس او 37001:2016 اینٹی-برائبری مینجمنٹ ایکریڈیشن دے دی

دبئی ایکریڈیشن ڈپارٹمنٹ (ڈی اے سی) باضابطہ طور پر عالمی ادارے کی صلاحیت کو تسلیم کرتا ہوا تاکہ اداروں کو انتظامی سسٹمز کے احکامات کی تعمیل اور رشوت ستانی سے تحفظ میں یقینی مدد ملے

دبئی، متحدہ عرب امارات، 6 مارچ 2018ء/پی آرنیوزوائر/–

کارپوریٹ ریسرچ اینڈ انوسٹی گیشنز ایل ایل سی “سی آر آئی گروپ” (www.CRIGroup.com) نے آج اعلان کیا ہے کہ اس کو دبئی ایکریڈیشن ڈپارٹمنٹ (ڈی اے سی) کی جانب سے آئی ایس او 37001:2016 اینٹی-برائبری مینجمنٹ سسٹم کنفرمٹی اسیسمنٹ باڈی کی حیثیت سے اختیار حاصل ہوچکا ہے۔ یہ اپنی نوعیت کا پہلا اختیار ہے جو کسی سرٹیفکیشن ادارے کو دیا گیا ہے جو عالمی انسداد-رشوت ستانی اور انسداد-بدعنوانی، خطرے اور احکامات کی تعمیل کے معیارات پر مہارت رکھتا ہے۔https://prnewswire2-a.akamaihd.net/p/1893751/sp/189375100/thumbnail/entry_id/0_2as0f0d4/def_height/400/def_width/400/version/100012/type/1

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دبئی میں صدر دفاتر کا حامل سی آر آئی گروپ آئی ایس او 37001:2016 اینٹی برائبری مینجمنٹ سسٹمز سرٹیفکیشن میں پیش پیش کنفرمٹی اسسٹمنٹ ادارہ ہے، جو اپنے انتہائی معروف “اینٹی-برائبری اینٹی-کرپشن (اے بی اے سی بی) سینٹر آف ایکسی لینس” کے ذریعے ماہر سربراہ آڈیٹر اور داخلی آڈیٹر تربیت فراہم کر رہا ہے۔

محترمہ امینہ احمد محمد، ڈی اے سی کی سی ای او، نے کارپوریٹ ریسرچ اینڈ انوسٹی گیشنز ایل ایل سی – سی آر آئی گروپ، دبئی، متحدہ عرب امارات کو ڈی اے سی کی جانب سے آئی ایس او 37001:2016کے لیے درکار معیارات پر پورا اترنے اور مختار بنائے جانے والا پہلا اور واحد سرٹیفکیشن ادارہ بننے پر مبارک باد پیش کی۔ انہوں نے کہا کہ ڈی اے سی نے سرکاری و نجی شعبے کے اداروں میں اعلیٰ معیارات اور شفافیت حاصل کرنے کے لیے انسداد-رشوت ستانی کے انتظامات کے لیے حکومت دبئی کے طریقے کے عین مطابق ایک تصدیقی منصوبہ جاری کیا ہے۔

اختیار سی آر آئی سرٹیفکیشن کو کثیر القومی اداروں کے لیے آڈٹ خدمات کی اعلیٰ ترین سطح فراہم کرنے کی صلاحیت دیتا ہے جو اپنے انتظامی امور کو (آئی ایس او 17021-1:2015 کی شرائط کی پیروی کرتے ہوئے) دنیا کے مختلف خطوں میں ہمیشہ تبدیل ہوتے معیارات پر پورا اترتے ہوئے عالمی معیارات کے مطابق بنانا چاہتے ہیں۔

“مشرق وسطیٰ، ایشیا اور برطانیہ میں پہلے کونفرمٹی اسسمنٹ ادارے کی حیثیت پانا بہت خاص اعزاز ہے۔” ظفر آئی انجم، گروپ سی ای او سی آر آئی گروپ نے کہا جو اینٹی-برائبری اینٹی-کرپشن (اے بی اے سی بی) سینٹر آف ایکسی لینس کا مالک ادارہ ہے۔ “یہ اختیار ہمارے آڈٹ ماہرین کے عالمی نیٹ ورک کی مہارت اور 28 سال کے نتائج کا ثبوت ہے جو ہم رشوت ستانی اور بدعنوانی کے ضرر رساں اثرات سے نمٹنے کے خواہاں دنیا بھر کے اداروں کو انتہائی سطح کے رسک مینجمنٹ اور احکامات کی تکمیل کے حلوں کی صورت میں فراہم کر رہے ہیں۔”

آئی ایس او 37001:2016 سرٹیفکیشن کسی ادارے کو رشوت ستانی سے محفوظ رہنے کے لیے تیار کیے گئے معقول اور متناسب اقدامات اٹھانے کے قابل بننے میں مدد دیتی ہے۔ ان اقدامات میں اعلیٰ سطح کی قیادت، تربیت، رسک مینجمنٹ، مناسب احتیاط، مالیاتی اور تجارتی کنٹرولز، رپورٹنگ، آڈٹ اور تحقیقات شامل ہیں۔

“سرٹیفکیشن صرف ایک “چیک دی باکس” معیار نہیں ہے،” انجم نے کہا۔ “یہ ایک پیچیدہ عمل ہے جس کے لیے شریک اداروں کو ضرورت ہوتی ہے کہ جامع شواہد کی بنیاد پر، کثیر المرحلہ آڈٹ کے ذریعے داخلی کاموں، پالیسیوں اور کنٹرولز کا نفاذ کیا جائے۔ اس کے لیے ایک انتہائی مستعد اور تجربہ کار آڈٹ ٹیم کی ضرورت ہوتی ہے جو تفتیش کاروں، تکمیل احکام کے افسران اور قانونی ماہرین کی حیثیت سے سالوں کا وسیع عملی تجربہ رکھتے ہوں۔”

انجم نے مزید کہا کہ “سی آر آئی گروپ مختلف  خصوصی شعبوں کے ساتھ موضوعات کے لیے مخصوص ماہرین پر مشتمل ہے۔”

عالمی ادارے تیزی سے آئی ایس او 37001:2016 کی خواہش کر رہے ہیں جیسا کہ تکمیل احکام کے منصوبوں کو بہتر بنانے کے لیے بڑی سرمایہ کاری جاری رکھے ہوئے ہیں، وہ ایسی سرٹیفکیشن کو بڑے کثیر القومی اداروں کے ساتھ کاروبار کرنے کے لیے مسابقتی برتری اور اپنے شراکت داروں کی جانب سے مختلف، ایک دوسرے سے متصادم تکمیل احکام کی کوششوں سے بچنے کے لیے ایک حکمت عملی سمجھ رہے ہیں۔”

یہ سرٹیفکیشن ادارے کے انتظامی امور میں ساکھ کے ایک نمایاں  درجہ کا اضافہ کرتی ہے جبکہ  درج ذیل وسیع اضافی فوائد بھی دیتی ہے:

  • یہ یقینی بناتی ہے کہ ادارہ بڑے پیمانے پر قبول کیے گئے کنٹرولز اور سسٹمز کو استعمال کرتے ہوئے ایک آگے بڑھنے کی صلاحیت رکھنے والا انسداد رشوت ستانی انتظامی پروگرام نافذ کررہا ہے۔
  • یہ انتظامیہ، سرمایہ کاروں، کاروباری ساتھیوں، افراد کار اور دیگر اسٹیک ہولڈرز کو یقین دہانی دیتی ہے کہ ادارہ رشوت ستانی اور بدعنوانی سے بچنے کے لیے بین الاقوامی سطح پر تسلیم شدہ اور منظور شدہ عمل کی متحرک انداز میں پیروی کر رہا ہے۔
  • یہ ادارے، اس کے اثاثہ جات، حصص یافتگان اور ڈائریکٹرز کو رشوت ستانی کے اثرات سے بچاتی ہے۔
  • یہ استغاثہ یا عدالتوں کے لیے قابل شہادت پیش کرتی ہے کہ ادارہ رشوت ستانی اور بدعنوانی سے بچنے کے لیے معقول اقدامات لے چکا ہے۔

گو کہ آئی ایس او 37001:2016 سرٹیفکیشن انتظامی نفاذ کے خلاف سیف ہاربر فراہم نہیں کرتی، اس کا مقصد یہ شہادت پیش کرنا ہے کہ ایک مستند ادارہ موثر تکمیل احکامات کے لیے بامعنی اقدامات اٹھا چکا ہے۔ انتظامی نظام پر پورا اترنا جسے ایک منظور شدہ تیسرے فریق ادارے کی جانب سے سند حاصل ہو، مخصوص عدالتی نظاموں میں کسی مجرمانہ ذمہ داری کو مٹانے میں مدد دیتا ہے۔

سی آر آئی سرٹیفکیشن کے بارے میں

سی آر آئی سرٹیفکیشن اینٹی-برائبری اینٹی –کرپشن (اے بی اے سی بی) سینٹر آف ایکسی لینس سے باہر کام کرتی ہے اور ایسے کاروباری اداروں کو توثیق شدہ سند اور تربیت فراہم کرتی ہے جو احکام کی تعمیل کے لیے مطلوبہ احتیاط کے عمل اور طریقہ کار میں بہترین مشقوں میں تازہ ترین کو لاگو کرکے اپنے موجودہ ڈھانچوں کی توثیق کرنا یا انہیں پھیلانا چاہتےہیں جو عالمی تیسرے فریق سے الحاق کی پیروی اور اسے برقرار رکھنے کے لیے ضروری ہے۔

رابطہ:
کارپوریٹ ریسرچ اینڈ انوسٹی گیشنز ایل ایل سی
917-918، لبرٹی ہاؤس، ڈی آئی ایف سی،
پی او بکس 111794، دبئی متحدہ عرب امارات

دفتر: 3589884 4 971+
سیل: 9038184 50 971+
ای میل: Javeria.Adeel@CRIGroup.com
یو آر ایل: www.CRICertification.com

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Cisco Disrupts Optical Transport with Innovative Modular Platforms

SAN JOSE, Calif., March 08, 2018 (GLOBE NEWSWIRE) — The constant need for more bandwidth is driving innovation in networking platforms, providing more value through increased flexibility, scale and automation.

Network operators are rapidly adopting automation features using the Cisco® Network Convergence System (NCS) 1000 series, with more than 4 petabits per second (Pbps) of capacity already deployed globally across mission-critical applications. Automated capabilities for model-based provisioning and streaming telemetry have enabled zero-touch provisioning and enhanced network visibility for both routing and optical. This drives a much lower OpEx model by allowing current staff to operate and maintain larger networks.

Enhanced automation is key to redefining the optical network. Today Cisco introduced two new modular platforms to its NCS 1000 series to help providers maximize their fiber investment, while adding automation capabilities for the ROADM-based mesh topologies prevalent in metro and long-haul networks to support self-optimization, and ultimately self-healing capabilities.

What’s new:

  • Cisco NCS 1004
       –  A transponder platform that packs more than 100 Tbps of capacity into a single seven-foot rack
    –  Can transmit 4.8 Tbps within a 2RU platform, with a total fiber capacity of 76.8 Tbps
    –  Support for 600G interfaces
    –  Delivers secure optical transport with line rate encryption
    –  With flexible modulation, providers can now tune their capacity and distance requirements in 50G increments, enabling universal applications from metro to long-haul to subsea
  • Cisco NCS 1010
       –  By exploiting the full spectrum with this open line system, Cisco has developed a method to ease the operational complexities associated with increasing capacity, while simultaneously enabling the velocity of feature deployments across the entire optical network
    –  Features a full colorless, directionless and contentionless (CDC) ROADM with an enhanced modular operational model that can ease the complexities of deploying massive bandwidth
  • Industry Leading Automation and Telemetry
       –  Leverages Cisco Crosswork automation platform
    –  Automation across both routing and optical layers

“Providers are under increasing pressure to innovate and be competitive to support web-scale applications and cloud services. Cisco has created a competitive environment with the NCS 1000 series, and Windstream is taking advantage of those solutions,” said Buddy Bayer, senior vice president, Transport Engineering, Windstream. “This platform has features such as streaming telemetry in Cisco IOS XR, massive density, and a small footprint that delivers 600G support for metro, long haul, and submarine applications.”

“Customers like Windstream increasingly value the benefits of automation to help them do things faster and more efficiently, as they strive to meet demands for increasing capacity,” said Bill Gartner, vice president and general manager, Optical Systems and Optics, Cisco Service Provider Business. “With the new NCS platform, we are uniquely positioned with leading performance, density, programmability and automation across our optical and routing platforms to help service providers optimize their networks on multiple layers.”

Cisco is leading the disruption in the industry with our technology innovations in systems; silicon; software and security; and our unrivalled expertise in mass-scale networking, automation, optical, optics, cable access, video, and mobility. Together with our portfolio of professional services, we can enable service providers, media and web companies to reduce cost and complexity, help secure their networks, and grow revenue.

Supporting resources

RSS feed for Cisco: http://newsroom.cisco.com/dlls/rss.html

About Cisco
Cisco (NASDAQ:CSCO) is the worldwide technology leader that has been making the Internet work since 1984. Our people, products, and partners help society securely connect and seize tomorrow’s digital opportunity today. Discover more at newsroom.cisco.com and follow us on Twitter at @Cisco.

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.

Press contact
Sara Cicero, Service Provider PR, Cisco, stutzes@cisco.com

Board of directors meeting of Habib Bank Limited

Karachi, Habib Bank Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 19, 2018 at Islamabad. The agenda of the meeting will to consider the Annual Accounts for the period ended December 31, 2017.

Further, the company has declared the closed period from March 09, 2018 to March 19, 2018.

Habib Bank Limited is incorporated in Pakistan as a commercial bank in 1947 and the foundations of the company are laid under the Banking Ordinance of Pakistan and Companies Ordinance, 1984. The company is engaged in the business of commercial banking, modaraba management and asset management related services in Pakistan and overseas. The shares of the bank are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.

The bank has a branch network of over 1,500 branches inside Pakistan including 33 Islamic banking branches and 43 branches outside the country including Karachi Export Processing Zone. The bank also has 1,300 ATMs across the country and a customer base exceeding five million relationships. The bank has presence in 25 countries, subsidiaries in Hong Kong and the UK, affiliates in Nepal, Kenya and Kyrgyzstan and rep offices in Iran and China. The bank is also expanding its presence in principal international markets including the UK, UAE, South and Central Asia, Africa and the Far East.

The Government of Pakistan privatized HBL in 2004 through which the Aga Khan Fund for Economic Development acquired 51% of the Bank’s shareholding and management control, 42.5% of the shareholding is retained by the Government of Pakistan, whilst 7.5% is owned by the general public i.e. over 170,000 shareholders following the public listing that took place in July 2007.

The symbol “HBL” is being used by the stock exchanges for the shares of Habib Bank Limited.

Board of directors meeting of Security Investment Bank Limited

Karachi, Security Investment Bank Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 15, 2018 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended December 31, 2017.

Further, the company has declared the closed period from March 09, 2018 to March 15, 2018.

Security Investment Bank Limited is a public limited company incorporated in Pakistan under the Companies Ordinance, 1984. The bank was incorporated in Pakistan on May 23rd, 1991. It started its commercial operation on 31 December 1991. It is licensed to carry out business of investment finance services as a Non-Banking Finance Company under section 282C of the Companies Ordinance, 1984 and the Non-Banking Finance Companies Rules, 2003 issued by the Securities and Exchange Commission of Pakistan as amended through SRO 1131 (I) /2007 dated 21 November 2007 and Non-Banking Finance Companies and Notified Entities Regulations 2008. The registered office of the company is located in Islamabad. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.

The bank is active in the money market activities. These activities include making short-term investments in government securities, shares, lending, borrowing, placements, promissory notes, banker’s acceptance and other money market instruments.

The symbol “SIBL” is being used by the stock exchange for the shares of Security Investment Bank Limited.

National Bank of Pakistan inaugurates ‘Aitemaad’ Islamic Banking Branch at G-9 Islamabad

Karachi, March 08, 2018 (PPI-OT): The National Bank of Pakistan (NBP) in its quest to promote Islamic Banking in Pakistan has inaugurated another new branch of Aitemaad at I and T Center, located in the Sector G-9/1 of Islamabad, taking the total number of Islamic Banking branches to 170. The ceremony was attended by the President and CEO of NBP – Mr. Saeed Ahmad, accompanied by the Group Head of NBP Islamic Banking – Mr. Khawaja M. Aminul Azam along with numerous dignitaries and senior officials from National Highway Authority and Jamshoro Power Company. The local traders and businessmen were also present.

In the inaugural address, Mr. Muhammad Tariq Khattak, SVP, Regional Head of Islamic Banking, Islamabad appreciated the vision and efforts of the President and Group Head for expanding the network across Pakistan. NBP plans to open/convert nearly 50 more branches in 2018.

“We strongly believe that Islamic Banking promises great transparency and fairness to the consumers, hence it has great potential in a developing nation like Pakistan. That is why we have earmarked some very profitable branches for conversion into the Aitemaad Islamic model. With the launch of Aitemaad ‘Hamsafar’, NBP has ventured into the Islamic car-leasing market for the first time” Mr. Saeed Ahmad informed the audience.

NBP Aitemaad is continually expanding the outreach of its Islamic products and services for the valued customers through specialized branches all over Pakistan. In the process of structuring and developing these products and services, an independent Shariah Board has been appointed by NBP, comprising of learned muftis and scholars.

The Board ensures complete Shariah compliance of all banking services and products being offered. The customers attending the ceremony expressed their appreciation to NBP for promoting Aitemaad Islamic Banking in Islamabad and promised their cooperation and patronage to make Islamic Banking a success.

For more information, contact:
Vice President / Divisional Head (A)
National Bank of Pakistan (NBP)
Corporate Communication and Brand Management Division
Head Office, NBP Building, I.I. Chundrigar Road,
Karachi, Pakistan
Tel: +92-21-99220773
Cell: +92-300-8202184
Fax: +92-21-99212734
Email: ibne.hassan@nbp.com.pk