Day: 3 August 2021

Digital DAAF, 2020

DARWIN, Australia, Aug. 03, 2021 (GLOBE NEWSWIRE) — The Darwin Aboriginal Art Fair (DAAF) will open Friday 6 August via its cutting-edge digital platform, connecting audiences around the world with Australia’s Aboriginal and Torres Strait Islander creatives.

Presented by Darwin Aboriginal Art Fair Foundation (DAAFF), now in its 15^th year, the DAAF program will run from 6-11 August. The program features a highly anticipated digital art fair and an online Public Program that includes artist masterclasses and artists talks.

DAAFF will also showcase two First Nations fashion events including the annual National Indigenous Fashion Awards (NIFA) and the winner announcement will be live streamed across NITV’s social media channels on 3 August, direct from the Darwin Convention Centre, Australia. The vibrant Country to Couture runway will also be presented on 4 August.

DAAF is internationally celebrated as a world-class program and pays homage to the world’s oldest living culture. It is the only event of its kind that connects artists, performers and Art Centres from Australia’s most remote regions with domestic and international audiences, eager to snap up stunning and authentic works.

DAAFF Executive Director, Claire Summers says the program generates significant flow-on benefits for Australia’s Indigenous communities, where 100 per cent of the sales from each artwork is returned to Art Centres, the artists and their communities.

“We are honoured to be able to profile over 70 Indigenous owned Art Centres and open up the rich storytelling, culture, and history behind these works of art,” says Ms Summers.

Commenting on the decision to pivot from a physical event to an online strategy, Ms Summers adds, “We’ve already had overwhelming interest in our Public Program, with many of the workshops at capacity. Last year we welcomed the largest global audience we have ever seen thanks to our digital offering.”

DAAF connects Indigenous and non-Indigenous art and culture audiences through its unique event to celebrate the vibrant heritage of Australian First Nations Peoples, providing an important meeting place for artists and designers to share stories and traditions through their chosen medium.

The DAAF program includes:

• Tuesday 3 August |National Indigenous Fashion Awards (NIFA)
• Wednesday 4 August | Country to Couture
• 6-11 August | 15^th Darwin Aboriginal Art Fair (DAAF)

For access to the Darwin Aboriginal Art Fair, register daaf.com.au/art-fair-2021

tiffanye@bastionagency.com
+61 404 303 308

Photos:

https://www.globenewswire.com/NewsRoom/AttachmentNg/7c961e7b-6fc0-410c-9f8f-370575a45d15

https://www.globenewswire.com/NewsRoom/AttachmentNg/4948c374-8edc-4336-9098-da9c360ccabf

https://www.globenewswire.com/NewsRoom/AttachmentNg/07d05f58-a2f5-473c-8155-ac34ebd858d7

• Solution helps accountants & bookkeepers take on digital sales clients profitably
• Simplifies sales data and tax calculations for businesses selling via Shopify, Amazon, and other leading e-Commerce platforms

LONDON, Aug. 03, 2021 (GLOBE NEWSWIRE) — Accounting software provider Dext has added a digital sales product to its growing platform, following the acquisition of Greenback which rebrands to ‘Dext Commerce’.

Dext Commerce allows accountants and bookkeepers to take on more digital sales clients by simplifying the collection and categorisation of sales data from 16 e-commerce, POS and payment platforms including Amazon, PayPal, Shopify and Stripe. It also integrates with Xero and Quickbooks Online, enabling accountants and bookkeepers to accurately submit eCommerce revenue into the largest accounting platforms.

The solution solves the challenge of manually fetching and consolidating sales data from multiple commerce and payment platforms in different formats. Dext Commerce simplifies sales data and tax calculations across multiple countries, allowing accountants and bookkeepers to more profitably service digital sales clients.

Key Dext Commerce features include:

• A digital record of sales transactions line by line to support compliance with new data regulations like ‘Making Tax Digital’ in the UK;
• Making sure clients report and pay the right sales tax, wherever they sell;
• Itemise sales, fees, refunds and reimbursements data, line by line, with one subscription;

E-commerce sales in the UK and US comprised c. 35% of total retail sales in 2021, nearly doubling in the UK¹.

Dext CEO, Adrian Blair, commented: “Millions of businesses now sell via eCommerce platforms like Amazon and Shopify. Dext Commerce enables accountants and bookkeepers to take on these businesses as clients more profitably. Dext Commerce solves two key pain points: getting standardised data, line by line, from multiple sources; and ensuring digital sellers accurately calculate how much tax to pay in different markets.”

Dext Commerce is available to all accountants, bookkeepers and businesses in the UK, US and Canada from September 1st, with rollout in France and Australia later this year.

¹ ONS, US Census: https://www.ben-evans.com/presentations

Paul-Reza Afshar
paul.afshar@dext.com

IRVINE, Calif., Aug. 02, 2021 (GLOBE NEWSWIRE) — Lantronix, Inc. (“Lantronix”) (NASDAQ: LTRX), a global provider of Software as a Service (Saas), connectivity services, engineering services, intelligent hardware and turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), today announced that it has completed its previously announced acquisition of Transition Networks and Net2Edge, which comprises the majority of the Electronics and Software reportable business segment of Communications Systems, Inc. (NASDAQ: JCS) (“CSI”).

The transaction will bring immediate scale to Lantronix, with revenues from the combined company expected to total more than $100 million on an annual basis. The acquisition will bring complementary IoT connectivity products and capabilities, including switching, Power over Ethernet (PoE) and media conversion and adapter products.

Lantronix sees significant operating and product development synergies in the combined company and expects significant day one synergies will drive immediate non-GAAP earnings accretion upon closing, and the company further expects to realize $7 million in annual run rate synergies over the course of the first 24 months. Lantronix will release guidance for its fiscal year 2022 on its fourth quarter fiscal year 2021 earnings conference call, with that date to be named shortly.

Silicon Valley Bank, the bank of the world’s most innovative companies and their investors, along with SVB Capital, provided acquisition financing.

O’Melveny & Myers LLP served as legal advisor to Lantronix.

About Lantronix
Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware. Lantronix enables its customers to provide reliable and secure IoT Intelligent Edge and OOBM solutions while accelerating time to market. Lantronix’s products and services dramatically simplify the creation, development, deployment and management of IoT projects while providing quality, reliability and security across hardware, software and solutions.

With three decades of proven experience in creating robust IoT technologies and OOBM solutions, Lantronix is an innovator in enabling its customers to build new business models, leverage greater efficiencies and realize the possibilities of the Internet of Things. Lantronix’s solutions are deployed inside millions of machines at data centers, offices and remote sites serving a wide range of industries, including energy, agriculture, medical, security, manufacturing, distribution, transportation, retail, financial, environmental and government.

Lantronix is headquartered in Irvine, Calif. For more information, visit www.lantronix.com.

Learn more at the Lantronix blog, www.lantronix.com/blog, featuring industry discussion and updates. To follow Lantronix on Twitter, please visit www.twitter.com/Lantronix. View our video library on YouTube at www.youtube.com/user/LantronixInc or connect with us on LinkedIn at www.linkedin.com/company/lantronix.

Discussion of Non-GAAP Financial Measures

Lantronix believes that the presentation of non-GAAP financial information, when presented in conjunction with the corresponding GAAP measures, provides important supplemental information to management and investors regarding financial and business trends relating to the company’s financial condition and results of operations. Management uses the aforementioned non-GAAP measures to monitor and evaluate ongoing operating results and trends to gain an understanding of our comparative operating performance. The non-GAAP financial measures disclosed by the company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations of the non-GAAP financial measures to the financial measures calculated in accordance with GAAP should be carefully evaluated. The non-GAAP financial measures used by the company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies.

Guidance on earnings per share growth is provided only on a non-GAAP basis due to the inherent difficulty of forecasting the timing or amount of certain items that have been excluded from the forward-looking non-GAAP measures, and a reconciliation to the comparable GAAP guidance has not been provided because certain factors that are materially significant to Lantronix’s ability to estimate the excluded items are not accessible or estimable on a forward-looking basis without unreasonable effort.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as “expects,” “believes,” “intends,” “anticipates,” “plans,” “estimates,” “potential,” “possible,” or “probable” or statements that certain actions, events or results “may,” “will,” “should,” or “could” be taken, occur or be achieved. The forward-looking statements in this press release include, among others, statements about the expected benefits of the acquisition of Transition Networks and Net2Edge (the “Transaction”), including expected synergies in the combined company, to Lantronix and its stockholders, the accretive nature of the proposed Transaction and expected future operating results of the combined company. Forward-looking statements are based on current expectations and assumptions and analyses made by Lantronix and its management in light of experience and perception of historical trends, current conditions, and expected future developments, as well as other factors appropriate under the circumstances. However, whether actual results and developments will conform to expectations is subject to a number of material risks and uncertainties, including but not limited to: Lantronix’s ability to integrate the acquired businesses successfully after the Transaction and achieve anticipated benefits from it; risks relating to any unforeseen liabilities of the acquired businesses; inaccuracies of reserve estimates or assumptions underlying them; revisions to reserve estimates as a result of changes in commodity prices; any loss of management or key personnel; the impact of the COVID-19 pandemic, including the emergence of new more contagious and/or vaccine-resistant strains of the virus and the impact of vaccination efforts, including the efficacy and public acceptance of vaccinations, on the combined companies’ business, employees, supply and distribution chains and the global economy; and any additional factors included in Lantronix’s Report on Form 10-K for the fiscal year ended June 30, 2020, filed with the Securities and Exchange Commission (the “SEC”) on September 11, 2020, including in the section entitled “Risk Factors” in Item 1A of Part I of such report; its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2021, filed with the SEC on April 30, 2021, including in the section entitled “Risk Factors” in Item 1A of Part II of such report; and in the Company’s other public filings with the SEC. In addition, actual results may differ as a result of additional risks and uncertainties of which Lantronix management is currently unaware or does not currently view as material to the Company’s business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements Lantronix makes speak only as of the date on which they are made. Lantronix undertakes no obligation to revise or update publicly any forward-looking statements except as required by law or the rules of the Nasdaq Stock Market, LLC.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949-453-7158

Lantronix Analyst and Investor Contact:
Jeremy Whitaker
Chief Financial Officer
investors@lantronix.com
949-450-7241

Lantronix Sales:
sales@lantronix.com
Americas +1 (800) 422-7055 (US and Canada) or +1 949-453-3990
Europe, Middle East and Africa +31 (0)76 52 36 744
Asia Pacific + 852 3428-2338
China + 86 21-6237-8868
Japan +81 (0) 50-1354-6201
India +91 994-551-2488

© 2021 Lantronix, Inc. All rights reserved.

SAN JOSE, Calif., Aug. 02, 2021 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM), a leading provider of frictionless enterprise communications, today announced it will release its financial results for the second quarter of fiscal year 2022 on Monday, August 30, 2021, after the market closes.

A live Zoom Video Webinar of the event can be accessed at 2:00 pm PT / 5:00 pm ET through Zoom’s investor relations website at https://investors.zoom.us. A replay will be available approximately two hours after the conclusion of the live event.

About Zoom
Zoom is for you. We help you express ideas, connect to others, and build toward a future limited only by your imagination. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. That is why we are an intuitive, scalable, and secure choice for large enterprises, small businesses, and individuals alike. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Visit zoom.com and follow @zoom.

Public Relations
Colleen Rodriguez
Global PR Lead for Zoom
press@zoom.us

Investor Relations
Tom McCallum
Head of Investor Relations for Zoom
408.675.6738
investors@zoom.us