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Cuentas Signs Binding Letter of Intent to Purchase SDI Black 011 LLC and Mango Tel LLC for USD 3.2M

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Cuentas, Inc. (NASDAQ: CUEN) (NASDAQ: CUENW) (“Cuentas”), a leading fintech provider of mobile banking and payment solutions, has signed a binding letter of intent to acquire the operations and distribution network of prepaid wireless and digital provider SDI Black 011 (SDI), as well as Mango Mobile and Black Wireless. The deal is expected to close by or before May of this year.

Cuentas previously invested in the expansion of the SDI network and will leverage these assets to accelerate reach of the Cuentas prepaid debit card and digital wallet via retail, mobile and other channels. SDI generated more than $9 million in retail revenue in 2021.

“This acquisition will drive more recurring revenue and create new operational efficiencies for Cuentas,” said Jeff Johnson, CEO of Cuentas. “We expect SDI’s profitable assets to contribute to economies of scale across our business, and enable more solutions within the Cuentas mobile app, driving higher profits and accelerating market growth in our core fintech business.”

The SDI B2B portal serves over 30,000 US bodegas, wireless retailers and convenience stores, and will enable retailers to sell from a portfolio of hundreds of virtual products without carrying inventory, generating incremental profits in real-time.

Black 011 and its brands already have hundreds of thousands of subscribers who purchase services via the SDI website and digital portal, both of which connect via API to the largest wireless companies in the world. This technology allows SDI to be one of the largest distribution channels for wireless services in the New York City metro tri-state area and nationwide.

Through this acquisition, both retailers and Black 011 subscribers will benefit from access to Cuentas solutions including the Cuentas Prepaid Debit card, OMNY Transit, Amazon cash, prepaid gift cards, rebates, new offers and more.

About Cuentas

Cuentas, Inc. (Nasdaq: CUEN & CUENW) is a fintech e-Banking and e-Commerce service provider with proprietary technology that delivers digital financial services to the underbanked and un-banked Hispanic, Latino and immigrant population including mobile and online banking, prepaid debit, ACH and mobile deposits, cash remittance, peer to peer money transferring, and other services. The Cuentas General Purpose Reloadable (GPR) Card includes a digital wallet, discounts for purchases at major physical and online retailers, rewards, and the ability to purchase digital content.

For more information, please visit cuentas.com.

Forward-Looking Statements

This news release contains “forward-looking statements,” as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Except for the historical information presented herein, matters discussed in this news release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as “believe,” “plan,” or “expect” or similar statements are forward-looking statements.

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ViewSonic Announced Winners of the Global “Acceleration for All” Awards

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BREA, Calif., Jan. 14, 2022 /PRNewswire/ — ViewSonic[i], a leading global provider of visual solutions, and Hustle Fund, a pre-seed venture capital firm that invests in early-stage startups, announced the Top 5 winners of the Acceleration for All Awards (The Affies) during an exclusive online awards ceremony held on January 12, 2022. The ceremony was hosted by comedian, actor and writer, Irene Tu, and included interviews with industry leaders.

“With over 1500 pitches from 30 industries representing an array of early-stage and mature startups, we are delighted to announce the Top 5 winners of the ‘Affies’. Allowing us to offer real solutions, such as tools, resources, and opportunities for these great founders,” said Oscar Lin, General Manager of the Monitor Business Unit at ViewSonic. “By utilizing ViewSonic’s innovative devices and software, we hope to help passionate entrepreneurs and startups learn, grow, and realize their dreams.”

The five categories included: Best B2B, Best Consumer, Best Creator, Best Frontier, and the public-voted People’s Choice. The winners of each of the categories were announced and given the opportunity of an investment or exclusive weekly one-on-one meetings with the Hustle Fund General Partners. They also received ViewSonic products valued at USD 6,000.

ViewSonic also provided the audience who joined the online ceremony with prizes, including a VG2440V video conferencing monitor, a TD1655 portable touch monitor, and a VG3456 ultra-wide docking monitor. For more information on The Affies, please visit the campaign website.

Winners of The Affies
Best B2B: Roberto Inetti of ROBOAMP. A SaaS company looking to decrease website loading time to a second or less with a single line of code. Best Creator: Helen Huang of Co.Lab. An e-learning platform for live instructor-less classes. Best Consumer: Tavis Schriefer of teleCalm. A stress-free phone service that protects seniors and empowers caregivers through filtered incoming and outgoing calls. Best Frontier: Robert Luo of Mi Terro. A US-based company with a solution to re-engineer agricultural waste into plastic-alternative packaging material. People’s Choice: Danielle Lumetta of Before Noon. A self-care membership platform focused on releasing stress.About ViewSonic

Founded in California, ViewSonic is a leading global provider of visual solutions and conducts business in over 100 countries worldwide. As an innovator and visionary, ViewSonic is committed to providing comprehensive hardware and software solutions that include monitors, projectors, digital signage, ViewBoard interactive displays, and myViewBoard software ecosystem. With over 30 years of expertise in visual displays, ViewSonic has established a strong position for delivering innovative and reliable solutions for education, enterprise, consumer, and professional markets and helping customers “See the Difference.” To find out more about ViewSonic, please visit www.viewsonic.com.

About Hustle Fund

Hustle Fund is a pre-seed/seed-stage fund based in San Francisco and Singapore founded in 2017 by Elizabeth Yin, Shiyan Koh, and Eric Bahn. From their combined experience as successful founders, tech employees, and investors, Hustle Fund’s General Partners learned that, despite entrenched stereotypes in the venture world, great founders look like anyone and come from anywhere. Hustle Fund’s core investment strategy is to invest in teams who demonstrate relentless speed and execution (defined as ‘hustle’) and has turned the VC model on its head. The investment team reviews over 600 deals per month, moves quickly to invest a modest initial check, and then works with the founder to monitor their speed/execution before qualifying startups for a larger, concentrated checks. Hustle Fund has developed an incredible global reputation with founders and investors alike.

[i] The Awards is hosted and sponsored by ViewSonic International Corp., located in New Taipei City, Taiwan. ViewSonic International Corp. is a subsidiary of ViewSonic Corp. located in California, USA.

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DevOps Institute Announces New Certifications, Expanded Lineup of Educational Experiences in 2022

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Company to release DevSecOps Practitioner and DevOps Engineering Foundation Certifications along with a webinar and event program to upskill humans in the digital age

LEHIGH ACRES, Fla., Jan. 12, 2022 /PRNewswire/ — DevOps Institute (https://devopsinstitute.com/), a professional member association and certification authority for advancing the human elements of DevOps, today announced its lineup for 2022 events and webinars and plans for two new DevOps certifications. The goal in 2022 is to advance the Humans of DevOps through skills, knowledge, ideas, and learning – or the SKIL Framework.

“In 2022, DevOps Institute continues to lead the charge toward human transformation with an exciting lineup of new and expanded opportunities for DevOps professionals,” said Jayne Groll, CEO of DevOps Institute. “As we ramp up our education and certification programs, we aim to empower the global member community with the skills and knowledge they need to further their careers and advance the DevOps initiatives at their organizations.”

What’s new in 2022:
New Certifications:DevSecOps Practitioner is the next level in the DevSecOps certification series. Building on DevSecOps Foundation, the Practitioner certification covers advanced DevSecOps practices and methods, architecture and infrastructure, technical implementation, practical maturity guides, and metrics to deliver better DevSecOps outcomes.DevOps Engineering Foundation explains many aspects of DevOps engineering that leaders and practitioners can execute upon. An engineering approach is critical to DevOps journeys. This certification covers the foundations of knowledge, principles and practices needed to engineer a successful DevOps solution. Learn more about certifications: https://devopsinstitute.com/certifications/SKILup Educational Experiences: IT professionals have always dealt with change, but never at the speed of the current digital transformation. The humans of DevOps are being asked to learn and implement new technologies at a pace that often outruns their current skill level. Upskilling has never been more important. SKILup Educational Experiences are DevOps-focused events designed to provide ‘just-in-time’ insights and education needed by DevOps professionals in a wide variety of disciplines. DevOps Institute aims to disrupt the typical technical conference format and focus on providing relevant content and learning in a safe and fun environment. Attendees can immediately put these insights into practice to meet the demands of business agility. SKILup Educational Experience opportunities include: SKILup Days: One-day virtual micro conferences with a singular, how-to focus. Featuring experts from the industry as well as enterprise DevOps leaders, SKILup Days include all elements of an in-person conference, including virtual sponsor booths, competitions and networking opportunities with other attendees and Speakers. SKILup Hours: Educational Webinars for IT Professionals. Each SKILup Hour includes a panel session that is moderated by industry experts; providing discreet buildable how-to knowledge on topics crossing people, process and technology.SKILup Festival 2022: A Live DevOps Educational Experience: DevOps Institute is excited to announce that our in-person experiences include high-level content as well as deep-dive technical sessions and workshops with some festival fun and entertainment mixed in. (Dates and locations to be determined.) Learn more about upcoming events: http://devopsinstitute.com/eventsAbout DevOps InstituteDevOps Institute is a professional member association and certification authority. DevOps Institute’s mission is to advance the human elements of DevOps. It is the unifying force of an open and growing professional community of IT practitioners, consultants, talent acquisition and executives helping pave the way to support digital transformation and the New IT.

Web | https://devopsinstitute.com/ Twitter | @DEVOPSINSTLinkedIn | /devops-instituteYouTube | DevOps InstituteInstagram | @humansofdevops

Media Contact:Jeremy DouglasCatapult PR-IR+1 [email protected]

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Ascend to Build HMD Plant in China’s Jiangsu Province

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HOUSTON, Jan. 12, 2022 /PRNewswire/ — Ascend Performance Materials announced today it signed an investment agreement to construct a new hexamethylene diamine and specialty chemicals plant in Lianyungang, China in the Xuwei New Area Park. The new plant will be Ascend’s first chemical production facility and the largest investment the company has made outside of the United States.

The plant will produce HMD and specialty chemicals to supply Ascend’s global polyamide production and serve its regional customers.

“Our growth is driven by increasing market demand and growing collaboration with our customers globally,” said Phil McDivitt, Ascend’s president and CEO. “The materials we produce are helping drive technological transformations across markets, from e-mobility to automation. Our new HMD plant positions us to continue supporting these transformations well into the future.”

Ascend, a fully integrated producer of durable engineered materials, serves a variety of sectors including automotive, paints and coatings, electrical and electronics, consumer goods, and cable ties and fasteners.

“China and Asia remain high-growth markets for us,” said Dr. Kevin Wu, Ascend’s senior vice president and managing director for Asia. “This new plant is a symbol of our growth in the region and the partnerships we have developed. We thank the Xuwei New Area Park administrators and the officials in Lianyungang for their partnership in this project.”

Ascend signed a memorandum of understanding in November 2020 during CIIE in Shanghai with Xuwei New Area Park, witnessed by the leaders of Jiangsu Province and Lianyungang.

Ascend will begin construction later this year with a plant startup targeted for the second half of 2023.

The announcement of the new site construction follows a series of acquisitions and capacity expansions to enable regional growth and continued global supply security. In 2018, Ascend made its first acquisition in Tilburg, Netherlands, followed by acquisitions in Mozzate, Italy; Suzhou, China; and Fosses, France. Ascend will also complete an acquisition in San Jose Iturbide, Mexico and the construction of Ascend Asia Innovation Center later this year.

About Ascend Performance Materials

Ascend Performance Materials makes high-performance materials for everyday essentials and new technologies. Our focus is on improving quality of life and inspiring a better tomorrow through innovation. Based in Houston, Texas, and with regional offices in Shanghai, Brussels and Detroit, we are a fully integrated material solutions provider with nine global manufacturing facilities in North America, Europe and Asia. Our 2,600-person global workforce makes the engineered materials, fabrics, fibers and chemicals used to make safer vehicles, cleaner energy, better medical devices, smarter appliances and longer-lasting apparel and consumer goods. We are committed to safety, sustainability, inclusion and diversity, and to the success of our customers and our communities.

Learn more about Ascend at www.ascendmaterials.com.

Contact: Alison Jahn, +1-713-210-9809,[email protected] 

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