Day: September 29, 2022

Company Expects to be Publicly Trading in Early Q4 Under Symbol “ILLR”

LOS ANGELES, Sept. 29, 2022 (GLOBE NEWSWIRE) — Triller Inc.(“Triller”) and GEM Global Yield LLC SCS (“GGY”) today announced a binding $310 million investment from GEM, the Luxembourg based private alternative investment group, in the form of a share subscription facility. Under the agreement, GEM will provide Triller with up to $310 million in equity capital for a 36-month term following a public listing of Triller’s common stock.

Triller will not be obligated to draw the full $310 million but can do so in part or in whole at its discretion. Triller will control both the timing and amount of all drawdowns and will issue stock to GEM on each drawn down from the facility. Triller will also issue warrants to GEM, further aligning the interests of the companies.

Triller filed its private S-1 with the U.S. Securities and Exchange Commission last month and is submitting what it anticipates being the final S-1 concurrently with the closing of this facility. The expectation is that trading will commence in early Q4 2022.

“Triller has been growing tremendously,” said Mahi de Silva, CEO and Chairman of Triller. “At our inception in 2019, we were a zero-revenue company; now we are on track to break $100 million in revenue this year. The Triller app has been downloaded more than 350 million times, and the company works with dozens of the world’s largest brands and thousands of top artists, disrupting the entire creator community.”

Triller has 10 business lines, eight of which are at break-even or profitable, and effectuates 750 million interactions per quarter, each of which is a potential monetizable transaction for the company in the future.

With the capital infusion from GEM, Triller will be able to make additional acquisitions to strengthen its toolbox for the creator community and reach breakeven or profitability in the short-term. Assuming it draws upon the full $310 million equity facility, Triller will have raised more than $600 million dollars and, upon its IPO, will be virtually debt free.

“Triller is breaking all the rules of the closed garden systems. It is challenging the way the old establishment takes advantage of creators and users by keeping 99 percent of the money within the system for itself,” said De Silva. “The reason the industry is so set on MAU, DAU and the like is that is how much time someone spends within one company’s particular closed garden and means that the social networks ‘own’ the user, revenue, brand and information.

“Triller breaks that system wide open. As an open garden, our goal is to put the power back in the hands of the creators and users, allowing creators and brands to connect directly. We provide tools to maximize those connections and how well each can be monetized. In addition, looking at the number of interactions we facilitate helps us to forecast future revenue since each one of those is a potential transaction fee for us.”

About Triller Inc.

Triller is the AI-powered open garden technology platform for creators. Pairing music culture with sports, fashion, entertainment, and influencers through a 360-degree view of content and technology, Triller encourages its influencers to post the content created on the app across different social media platforms and uses proprietary AI technology to push and track their content virally to affiliated and non-affiliated sites and networks, enabling them to reach millions of additional users. Triller additionally owns VERZUZ, the live-stream music platform; combat sports brands Triller Fight Club, Triad Combat and BKFC; Amplify.ai, a leading customer engagement platform; FITE.tv, a premier global PPV, AVOD, and SVOD streaming service; Thuzio, a leader in B2B premium influencer events and experiences; Fangage, a platform for creators to engage fans and monetize content and Julius, a platform for brands and agencies to harness creators for social engagement and social commerce.

About GEM
Global Emerging Markets (“GEM”) is a $3.4 billion, Luxembourg based private alternative investment group with offices in Paris, New York and The Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in over 70 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments. For more information: http://www.gemny.com

Tony Freinberg
President, Edendale Strategies
tony@edendalestrategies.com
(310) 614-1435

Berkshire, England, Sept. 29, 2022 (GLOBE NEWSWIRE) — AAR (NYSE: AIR) subsidiary Airinmar, a leading independent provider of component repair cycle management and aircraft warranty solutions, signed a new services agreement with Philippines-based low-cost carrier Cebu Pacific.

Airinmar will provide Cebu Pacific with a full suite of support services covering both aircraft warranty management and value engineering. Warranty management services will include the identification, claim, and recovery of the multiple airframe, engine, and component warranty entitlements provided by airframe manufacturers and their suppliers. Value engineering services will include cost oversight to ensure compliance with Cebu’s contracted component repairs and to minimize component out-of-scope flight-hour repair charges. The services provided by Airinmar will complement Cebu’s current materials management activities and will focus on maximizing the recovery of Cebu’s warranty entitlements and reducing the cost of component repair.

“Airinmar’s well regarded warranty management and value engineering services and ability to deliver cost savings and credit recovery will support effective management of our maintenance spend as we expand our fleet of aircraft,” said Shevantha Weerasekera, Senior Advisor / Vice President, Engineering and Maintenance for Cebu. “Airinmar’s ability to customize its solutions to our business needs will enable us to relentlessly pursue new ideas and better solutions.”

“We are proud to provide Airinmar services and look forward to delivering results to Asia’s oldest low-cost carrier,” said Matt Davies, General Manager of Airinmar. “With 77 aircraft in service and a further 49 on order, we are excited to contribute to Cebu Pacific’s growth and success over the coming years.”

For more information on Airinmar’s industry-leading solutions, visit aarcorp.com/airinmar/.

About Airinmar
Airinmar has supported airlines, MROs, OEMs, helicopter operators, and military programs for more than 35 years through the delivery of its tailored component repair and warranty management support services, which deliver reduced repair expenditure, improved component availability, and enhanced operational efficiencies. Airinmar is a subsidiary of global aviation aftermarket leader AAR (NYSE: AIR). Additional information can be found at aarcorp.com/airinmar/.

About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair, and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional information can be found at aarcorp.com.

About Cebu Pacific
Cebu Pacific (PSE: CEB) entered the Philippine aviation industry 26 years ago and is now the largest airline in the country with its “low fare, great value” strategy. It offers the widest network in the Philippines, with flights spanning Asia and the Middle East. One of the youngest fleets in the world, its 77-strong aircraft fleet is composed of Airbus and ATR aircraft, which includes its two ATR freighters. For more information visit www.cebupacificair.com.

This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 which reflect management’s expectations about future conditions. Forward-looking statements may also be identified because they contain words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to “Risk Factors” in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company’s control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

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• Cebu Pacific image

Media Team
AAR CORP.
+1-630-227-5100
editor@aarcorp.com

Longtime customer Alaska Airlines invests in company

ATLANTA, Sept. 29, 2022 (GLOBE NEWSWIRE) — Volantio, an Atlanta-based technology startup, today announced the successful completion of its $6 million Series A raise led by DiamondStream Partners, an aviation and aerospace venture capital firm, with participation from Alaska Airlines and follow-on investments from JetBlue Ventures, IAG, Amadeus Ventures, and Ingleside Investors. The company plans to use the capital to rapidly scale its global team and invest in product development.

Volantio’s market-leading platform “GreenLeaf” uses machine learning to address optimization challenges for fixed-capacity industries, which today represent over $5.7 trillion in revenue globally. One strong use case for this type of technology lies within the aviation industry: GreenLeaf shifts demand from flights that are close to selling out to others with more space available — increasing revenue, lifting asset utilization, and improving the experience for both customers and front-line airline staff.

The company has more than tripled its customers in the last two years, and has recently expanded into the live events industry through a first-of-its-kind partnership with Disney Theatrical Group.

“Volantio has already delivered well over $20 million in annual benefit to Alaska Airlines, and that number continues to grow,” said Shane Tackett, Alaska Airlines’ CFO. “Our guests and front-line staff alike love the product. Just as revenue management companies transformed fixed-capacity industries 30 years ago, Volantio’s platform is having a similar impact today. This technology will be industry-standard functionality within the next three to five years, and we’re so excited to be both an early adopter and an early investor in the company.”

“Volantio’s technology represents a revolutionary ability to maximize our clients’ revenue while also benefiting their end consumers: the ultimate win-win,” said Azim Barodawala, Volantio’s co-founder and CEO. “We appreciate the belief our clients and investors have shown in our market-leading platform, and we are excited to deploy this capital to further scale our transformative solution globally in the years to come.”

About Volantio: Founded in 2014 by Azim Barodawala and Fenn Bailey, Volantio addresses revenue and capacity optimization challenges for capacity-constrained industries, which represent over $5.7 trillion in value globally. The company today works with over 18 airlines worldwide along with Disney Theatrical Group, and has received investment from some of the largest names in travel, including Alaska Airlines, Qantas, IAG, JetBlue, and Amadeus.

Contact Information:
Emily Dykes
Senior Manager of Marketing and Communications
emily.dykes@volantio.com
205- 370-7589

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Main office door with Volantio logo

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• Volantio Office

New Jersey-based lender prepares company-wide launch of Nexus Origination to enhance its customer-focused mortgage experience and award-winning internal culture

LEHI, Utah, Sept. 29, 2022 (GLOBE NEWSWIRE) — SimpleNexus (https://simplenexus.com/), an nCino (NASDAQ: NCNO) company and developer of the leading U.S. homeownership platform for loan officers, borrowers, real estate agents and settlement agents, announced today that EMM Loans has chosen SimpleNexus’ Nexus Engagement and Nexus Origination to power an electronic mortgage experience, attract and retain top talent and garner more business for its retail, wholesale, correspondent and consumer direct lending channels.

Founded in 2004, EMM Loans is a New Jersey-based lender offering private, direct and affordable mortgage loans. With 91 loan officers licensed in 38 states, EMM Loans provides best-in-class customer service using innovative technology. EMM Loans selected SimpleNexus to streamline its homebuyer experience, attract new business and drive referrals from real estate professionals.

EMM Loans will leverage SimpleNexus as a recruiting and retention tool, using its mobile lead engagement tool, Nexus Engagement, and its from anywhere point-of-sale (POS) platform, Nexus Origination, to support collaboration with real estate agents and deliver a better borrower experience. SimpleNexus integrates with EMM Loans’ core technology stack, including its loan origination system (LOS), market analytics and product pricing engine (PPE) and customer relationship management (CRM) platform.

“At EMM Loans, we support our expert team by giving them the innovative tools they need to attract more business and build lasting relationships,” said EMM Loans Senior Vice President Brad Miller. “SimpleNexus creates some of the strongest digital homebuying tools for mortgage lenders. Adopting its technology will allow our loan originators and real estate partners to provide a streamlined homebuying journey that converts more borrowers and wins customers for life.”

“SimpleNexus is thrilled to partner with EMM Loans, a mortgage lender that cares about the experience of its team members and the communities it serves,” said SimpleNexus CEO Ben Miller. “We look forward to the opportunity to support the exemplary service and award-winning company culture that EMM Loans is known for.”

About SimpleNexus
SimpleNexus, an nCino (NASDAQ: NCNO) company, is an award-winning developer of mobile-first technology for the modern mortgage lender. U.S. lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate professionals, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world’s Best Workplaces for Innovators. For more information, visit https://www.simplenexus.com or follow @SimpleNexus.

Media Contacts
Leslie Colley
DepthPR for SimpleNexus
+1 678.622.6229
leslie@depthpr.com

David Bolin
SimpleNexus
+1 414.688.6077
dbolin@simplenexus.com

Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC’s web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.