Daniel A. Pollack, Special Master in Argentina Debt Litigation, Issues the Following Statement

NEW YORK, July 31, 2014 /PRNewswire/ — Daniel A. Pollack, the Special Master appointed by Judge Thomas P. Griesa to conduct and preside over settlement negotiations between the Republic of Argentina and its Bondholders, issued the following Statement today:

“This morning and this afternoon, representatives of the Republic of Argentina, led by Minister of the Economy, Axel Kicillof, and representatives of its large bondholders held further face-to-face meetings in my office and in my presence. Unfortunately, no agreement was reached and the Republic of Argentina will imminently be in Default. Today, July 30, was the last day of the grace period for the Republic of Argentina to pay many hundreds of millions of dollars of interest to its “exchange” bondholders, i.e. those who took bonds in 2005 and 2010 in exchange for the bonds they held following the Default of 2001. In order to make that payment of interest, however, the Republic of Argentina was also required, simultaneously, to make a “ratable” payment to the bondholders who declined to accept the exchanges of 2005 and 2010, i.e. the “holdouts”. The Republic of Argentina did not meet those conditions and, as a result, will be in Default. Notwithstanding any claim to the contrary, Default is not a mere “technical” condition, but rather a real and painful event that will hurt real people: these include all ordinary Argentine citizens, the exchange bondholders (who will not receive their interest ) and the holdouts ( who will not receive payment of the judgments they obtained in Court). The full consequences of Default are not predictable, but they certainly are not positive. This case has been highly publicized and highly politicized for many weeks. What has been perfectly clear to me all along, however, in my capacity as the neutral Special Master, is that the laws of the United States must be obeyed by all parties. The courts of the United States (both the United States District Court and the United States Court of Appeals), after full briefings and hearings, ruled that the Republic of Argentina could not lawfully make the interest payments to the exchange bondholders unless it simultaneously made the payments due the holdouts. I have worked relentlessly, over a five-week period, to bring the Republic of Argentina and its bondholders together in an agreement that would allow the June 30 interest payment of many hundreds of millions of dollars to be made, and to be made lawfully, thereby avoiding Default. It is not my role or intent to find fault with either side. I will continue to be available to the parties to aid them in reaching a resolution which they must reach in the interests of all concerned. Default cannot be allowed to lapse into a permanent condition or the Republic of Argentina and the bondholders, both exchange and holdouts, will suffer increasingly grievous harm, and the ordinary Argentine citizen will be the real and ultimate victim.”

Minister Paradis Announces New Support to Strengthen Democracy in Ukraine

Canada supports Ukraine’s efforts to restore stability and implement democratic reforms

July 30, 2014 – Winnipeg, MB – Foreign Affairs, Trade and Development Canada

Today, the Honourable Christian Paradis, Minister of International Development and La Francophonie, hosted a roundtable with members of the Ukrainian-Canadian community in Winnipeg to discuss current development challenges in Ukraine as well as Canada’s continued support to Ukraine to respond to Russian acts that undermine the sovereignty and territorial integrity of Ukraine. Following the roundtable, the Minister announced Canadian support for the Strengthening Multi-Party Democracy project, whose goal is to strengthen democracy and the role of civil society in Ukraine.

“Canada has been steadfast in its opposition to Russian aggression and occupation in Ukraine, and is proud to be among the strongest international supporters of the Ukrainian government’s efforts to restore stability and implement democratic and economic reforms,” said Minister Paradis. “This new initiative will help Ukraine move toward a free, democratic and prosperous society by advancing democracy for all Ukrainians, including marginalized groups such as women and young people.”

The goal of Canada’s international development program in Ukraine is to improve democratic governance and economic opportunities for Ukrainians. This project adds to other Canadian efforts to improve the central voter registry, to improve election laws and to develop the capacity of an independent judiciary to improve recognition for human rights. This project will help translate the Euromaidan protest movement into a sustained political movement and help ensure their continued participation in the political process.

“Canada continues to be greatly concerned by the events in Ukraine and we demand that Russian-backed insurgents immediately withdraw from the crash site to allow Ukrainian and international authorities to conduct a credible and unimpeded investigation into the shooting down of Malaysia Airlines Flight MH17,” added the Minister.

In 2014, Ukraine was re-confirmed as a development country of focus for Canada’s international development efforts, as well as being designated a priority country under Canada’s recently released Global Markets Action Plan. Canada is working with the Government of Ukraine to assist with the reforms needed to realize the country’s full economic potential and build a sound public institutional and legal environment for closer integration with Europe.

Quick Facts

  • Canada has been providing development assistance to Ukraine since that country’s independence in 1991 that have achieved significant results. For example, in 2012-2013 Canada’s investments aimed at advancing democracy in the country:
    • Supported the development of a new legislation and a policy framework for a comprehensive juvenile justice system encompassing prevention, sentencing and rehabilitation; and
    • Increased court efficiency and fairness in resolving commercial disputes for Ukrainian businesses by piloting pre-trial settlement procedures.
  • Prime Minister Stephen Harper was the first G-7 leader to visit Ukraine after the Euromaidan protests, and the first foreign leader to meet bilaterally with Ukrainian President Petro Poroshenko following his inauguration on June 7, 2014.
  • Canada has increased its support for democracy and rule of law in Ukraine since 2013, in response to recommendations by the Parliamentary Standing Committee on Foreign Affairs and International Development, while continuing to support sustainable economic growth in Ukraine.
  • Canada sent election observers to Ukraine for the 2004, 2010 and 2014 presidential elections, as well as during the 2006, 2007 and 2012 parliamentary votes.
  • Canada confirmed that Ukraine as one of 20 countries of focus in 2007 as part of Canada’s Aid Effectiveness Strategy: in 2014 that status was re-confirmed.

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Associated Links

Contacts

Sandrine Périon
Press Secretary
Office of the Minister of International Development and La Francophonie
343-203-6238
[email protected]

Media Relations Office
Foreign Affairs, Trade and Development Canada
343-203-7700
[email protected]
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12 Clever Ways to Grow Your Lead Database

NEW YORK, July 31, 2014 /PRNewswire/ — Email marketing is a cost-efficient and modern alternative to traditional advertising. If well-executed, email marketing campaigns can result in greater profit for your business. In order to build a campaign, you first have to acquire a list of targeted, qualified prospects who will most likely be interested in your services. The following ideas can help you acquire more contacts to build a sufficient lead database:

  1. Create interesting, useful content that will inspire people to subscribe to your emails
  2. Hold a sweepstakes with an enticing giveaway that will persuade your audience to submit their email addresses
  3. Use trade show events as a forum for collecting business cards
  4. Host a webinar to create a value exchange with the audience who will provide their contact information in order to gain access to your thought-leadership content
  5. Include a call to action on your website that allows viewers to opt-in to your email list

Photo – http://photos.prnewswire.com/prnh/20140730/131003
Logo – http://photos.prnewswire.com/prnh/20130117/NY44355LOGO-a
Logo – http://photos.prnewswire.com/prnh/20110831/NY59180LOGO

For additional tips and discussion on how to grow your number of email marketing subscribers, read the latest blog post “12 Ways to Build Up Your Email Marketing List” on PR Newswire’s Small Business Toolkit: http://bit.ly/1pqbbhR

PR Newswire’s Small Business PR Toolkit is a comprehensive resource that provides small businesses and entrepreneurs the tools to develop an affordable public relations and marketing plan that helps generate interest from potential customers, engage with key audiences and grow their businesses. The toolkit features relevant content such as informative white papers, interactive webinars and how-to articles and premium access to educational resources, as well as the opportunity to take advantage of special offers designed specifically for small businesses. To request information on how PR Newswire can help your small business, click here. You can receive updates on new Small Business PR Toolkit content by following @prnsmallbiz on Twitter.

About PR Newswire                        

PR Newswire (www.prnewswire.com) is the premier global provider of multimedia platforms that enable marketers, corporate communicators, sustainability officers, public affairs and investor relations officers to leverage content to engage with all their key audiences. Having pioneered the commercial news distribution industry 60 years ago, PR Newswire today provides end-to-end solutions to produce, optimize and target content — from rich media to online video to multimedia — and then distribute content and measure results across traditional, digital, mobile and social channels. Combining the world’s largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire enables the world’s enterprises to engage opportunity everywhere it exists. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and is a UBM plc company.

invendo medical Appoints Nachum (Homi) Shamir To The Company’s Board Of Directors

NEW YORK and KISSING, Germany, July 30, 2014 /PRNewswire/ — invendo medical GmbH, manufacturer and distributor of a single use and computer-assisted (“robotic”) colonoscopy system, today announced the appointment of Nachum (Homi) Shamir, a worldwide recognized medical device executive, as a new member of its supervisory board.

Mr. Shamir is a highly respected global visionary in the medical device industry. In his most recent assignment he served as President and Chief Executive Officer at Given Imaging Ltd. (NASDAQ/TASE: GIVN), the pioneer in capsule endoscopy technology which revolutionized the way gastroenterologists diagnose and monitor diseases of the GI tract through the development and marketing of a game-changing diagnostic tool in the form of small capsule cameras (PillCam). Given Imaging was acquired by Covidien plc (NYSE: COV) in February 2014 in a transaction valued at approximately $1 billion. Under Mr. Shamir’s tenure Given Imaging has grown revenues from $ 85 million annually to close to $200 million and achieved significant profitability based on diversified GI product portfolios and a globalized commercial footprint.

Mr. Shamir replaces Mr. Sidney Braginsky, former President of Olympus America Inc., who retired from the board. Furthermore Stefan Fischer, General Partner and CFO of TVM Capital replaced Dr. Axel Polack.

Timo Hercegfi, CEO of invendo medical, commented, “Following our first system installations in the U.S. invendo is at an exciting time of its company life. We are planning to have a significant impact on colon cancer screening in the US with our computer assisted invendoscope as well as additional single-use endoscopes to be added to the invendo product portfolio. In light of recent public discussions about the outbreak of an antibiotic-resistant superbug in Illinois, which was traced to contaminated GI endoscopes – although reprocessing standard operating procedures had been adhered to –  we are certainly at the right place at the right time with our single-use colonoscopy solution. Homi Shamir is a highly professional individual with an outstanding track record of generating commercial success. I am convinced that he will give us a major boost in creating value for our customers, patients opting for invendoscopy, payers and last but not least our shareholders.”

Given Imaging was the second successful exit for Mr. Shamir who previously sold Scitex Digital Printing Ltd. in 2004 to Eastman Kodak for $ 262 million. Prior to joining Given Imaging Ltd. Mr. Shamir served as Corporate Vice President of the Eastman Kodak Company and as the President of Eastman Kodak’s Transaction and Industrial Solutions Group. From June 2003 to January 2004, Mr. Shamir served as the President and Chief Executive Officer of Scitex Corporation, a NASDAQ listed company, following service in various roles in Scitex and its affiliates from 1993. Before joining Scitex Mr. Shamir held senior management positions at various international high tech companies mainly in the Asia Pacific region. Mr. Shamir holds a B.Sc from the Hebrew University of Jerusalem and an M.P.A. from Harvard University.  

About the invendoscopy™ system

The invendoscope™ SC20 has several features that are new to the field of colonoscopy:

  • it is a single-use colonoscope with a working channel
  • it is not pushed or pulled, but uses a computer-assisted (“robotic”) gentle drive technology
  • all endoscopic functions are performed using a handheld device and
  • it reduces forces on the colon wall

invendo medical is also developing further single-use GI endoscopes based on its unique technology platform.

About invendo medical – http://www.invendo-medical.com
Based in New York, U.S.A. and Kissing (near Munich), Germany, invendo medical is a leading developer of disposable endoscopy products in the field of gastroenterology that are hygienically safe and employ “robotic” computer-assisted, gentle advancement technology.

Logo – http://photos.prnewswire.com/prnh/20140730/130956