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Walter Capital Partners invests in leading Ontario-based school photography company News Press releases 

Walter Capital Partners invests in leading Ontario-based school photography company

GaryPageau , 1 Comment
Injection of focused capital and expertise will accelerate Edge Imaging’s growth into a leading national school photography company Burlington and Montreal, October 31, 2018 – Edge Imaging and Walter Capital Partners are pleased to announce a significant investment to accelerate the growth of the largest Canadian owned school photography company headquartered in Burlington, Ontario into a truly national brand. “We are very enthusiastic to partner... Read More
Visual 1st conference continues fellowship, innovation focus Events News Opinion Sponsored post 

Visual 1st conference continues fellowship, innovation focus

GaryPageau
Since it’s evolution from Mobile Photo Connect to “Visual 1st,” this annual fall conference has become a must-attend event for imaging-industry executives. An eclectic mix of retailers, labs, developers, suppliers, and investors gather each year at the Golden Gate Club to share ideas, to network and get a glimpse into the future of the imaging business. In addition to the... Read More
Shutterfly’s third-quarter consumer business disappoints, company misses target Earnings reports News Press releases 

Shutterfly’s third-quarter consumer business disappoints, company misses target

GaryPageau , ,
Shutterfly reported a third-quarter net loss of $73.5 million, compared to last year’s $25.6 million loss, on net revenues of $368.8 million. The company’s shares dropped more than 12 percent in after-hours trading because revenues were below analysts’ consensus of $377.5 million. In particular, the company highlighted contributions of its newly acquired Lifetouch school-photo business but the consumer business dropped... Read More
Samsung mobile profits lower due to slow low-end model sales News 

Samsung mobile profits lower due to slow low-end model sales

GaryPageau ,
Samsung Electronics reported  financial results for the third quarter ended Sept. 30, 2018. The Company posted KRW 65.46 trillion in consolidated quarterly revenue, up 5.5 percent from a year earlier, and KRW 17.57 trillion in quarterly operating profit, up 20.9 percent. In the third quarter, operating profit reached a new quarterly high for the company driven mainly by the continued strength of... Read More
Reuters: Newell Brands nears deal to sell Jostens to Platinum Equity News 

Reuters: Newell Brands nears deal to sell Jostens to Platinum Equity

GaryPageau ,
Reuters reports Newell Brands Inc. is closed to a deal to sell Jostens, a U.S. manufacturer of memorabilia such as class rings and yearbooks, to private equity firm Platinum Equity LLC for around $1.3 billion, two people familiar with the matter said on Tuesday. The deal would mark the latest divestiture for Newell, which announced in May, as part of... Read More
KitSplit, the rental marketplace for cameras, launches in Atlanta News Press releases 

KitSplit, the rental marketplace for cameras, launches in Atlanta

GaryPageau
Another sign of Atlanta’s rising importance in the film industry NEW YORK, Oct. 30, 2018 /PRNewswire/ — KitSplit, the community marketplace for camera rentals, today announced that they are officially launching in Atlanta. The company, which has been called “The Airbnb of creative equipment” by Forbes, allows filmmakers and photographers to save time and money renting camera gear from vetted local... Read More
NRF: Consumers will spend 4.1 percent more than last year during winter holidays Market research News 

NRF: Consumers will spend 4.1 percent more than last year during winter holidays

GaryPageau , ,
WASHINGTON, October 24, 2018 – Consumers say they will spend an average of $1,007.24 during the holiday season this year, up 4.1 percent from the $967.13 they said they would spend last year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “The holidays are just around the corner and consumers are... Read More
Canon cuts full-year outlook on lean demand for cameras, chips Earnings reports News 

Canon cuts full-year outlook on lean demand for cameras, chips

GaryPageau
Reuters reports Canon Inc lowered its full-year earnings outlook for the second time this year, citing lower sales of DSLR cameras and lean demand for semiconductor-producing equipment. Canon cut its annual profit forecast to 335.5 billion yen ($2.99 billion) from 378.5 billion yen. Sales of SLR cameras shrank faster than expected as some customers held off purchases ahead of Canon’s launch of... Read More
Xerox announces third-quarter financial results Earnings reports News Press releases 

Xerox announces third-quarter financial results

GaryPageau
Increasing Full-Year Free Cash Flow Expectations Third-Quarter 2018 Highlights: Operating cash flow of $274 million increases $717 million or $157 million on an adjusted basis Adjusted Operating margin of 13.1 percent expands 1.0 point year-over-year GAAP EPS from continuing operations of 34 cents, down 33 cents year-over-year, driven by an incremental non-cash charge of $95 million associated with the 2017... Read More
OpenFrame acquires Giroptic, a pioneer in 360-degree imagery News Press releases 

OpenFrame acquires Giroptic, a pioneer in 360-degree imagery

GaryPageau ,
OpenFrame is pleased to announce the recent acquisition of Giroptic, a pioneer and world leader in 360-degree cameras. As part of the acquisition, OpenFrame will acquire multiple patents that Giroptic has registered globally over the past decade. OpenFrame’s corporate aim is to leverage the power of 360-degree photos and video with simple apps for industry-specific use cases. The first app,... Read More
SGIA announces expo attendance more than 24,000, paving way for PRINTING United Events News Press releases 

SGIA announces expo attendance more than 24,000, paving way for PRINTING United

GaryPageau ,
Over 24,000 Head to 2018 SGIA Expo for Innovation, Interaction and Inspiration The final SGIA Expo paves the way for 2019’s PRINTING United. Fairfax, Virginia — The Specialty Graphic Imaging Association’s (SGIA) 2018 SGIA Expo — the last before launching its PRINTING United trade show with NAPCO Media in 2019 — brought more than 24,000 people to the Las Vegas... Read More
Class action suit filed claiming CafePress/Snapfish merger violates securities laws News Opinion 

Class action suit filed claiming CafePress/Snapfish merger violates securities laws

GaryPageau , ,
What should have been a pretty routine $25.3 million acquisition of CafePress by Snapfish has hit snag. A shareholder, Stephan Bushansky, has filed a class action suit naming CafePress the  company and the management team as defendants. Bushansky’s suit cites several SEC violations, adding combination “will unlawfully divest CafePress’ public stockholders of the Company’s valuable assets without fully disclosing all material information concerning... Read More
Bad news for a few Kickstarters Crowdfunding News Opinion 

Bad news for a few Kickstarters

GaryPageau ,
The dark side of crowdfunding is the uncomfortable reality the project may not be funded and, in some case, backers can lose their money. In recent weeks, two Kickstarter projects highlight the problem. In the first example, PetaPixel recently confirmed what had been long rumored: Backers of a Meyer Optik Görlitz lens campaigns won’t see either their lens or their money... Read More
Fujifilm wins appeal over aborted Fuji Xerox merger: Reuters News 

Fujifilm wins appeal over aborted Fuji Xerox merger: Reuters

GaryPageau , ,
Reuters reports Fujifilm Holdings Corp. has won an appeal in its legal battles with Xerox Corp, with a New York court overturning preliminary injunctions requested by an activist investor that had blocked their planned merger. According to the article, the New York State Appellate Court ruling could give Fujifilm leverage to bring Xerox management back to the negotiating table. Fujifilm... Read More
Mediaclip to be a Silver Sponsor at Visual 1st   News 

Mediaclip to be a Silver Sponsor at Visual 1st  

GaryPageau , ,
Montreal, QC – October 17 , 2018. Mediaclip, the premier developer of product personalization software, is proud to be a Silver Sponsor of the upcoming Visual 1st Conference. Visual 1st, formerly known as Mobile Photo Connect, will be held at the Golden Gate Club in San Francisco from October 22 – 23, 2018. This marks the sixth year of the annual... Read More