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UK SMEs lose £2.2bn as customers fall into administration during lockdown

Stockwood Strategy

SMEs across the UK are counting the cost of the lockdown as they prepare for a testing final quarter of 2020. Risktech business Nimbla , surveyed* 2,000 UK SMEs and found that £2.2bn in revenue (for goods and services provided during lockdown) has been lost because those customers fell into administration. A number that is set to increase dramatically over the course of the next year. More than a third (38%) of SMEs are still waiting to be paid an average of £59,013, for work they completed before the lockdown. Worryingly, a fifth (21%) of these companies believe they will never recover the full amount, losing on average £24,903 because those customers have gone into administration. Looking at the bigger picture, this is worth £2.2bn in revenue across all SMEs (with outstanding payments) that will not be realised. Lost time and revenue Businesses reported, on average, 6 invoices go unpaid every year with half of these worth £41,193 written off due to their customers becoming insolvent. Yet, surprisingly, only 4% of business owners take out trade credit or invoice insurance, which protects the supplier against their customers’ insolvency. Business owners do spend time thinking about a potential insolvency event with their customers. In the event that happened, most of them (83%) would continue trading but the impact on cash flow would lead to changes in asking customers for deposits, requesting shorter payment terms, declining larger projects and fear their credit scores falling. Business owners spend, on average, two weeks chasing an invoice payment which eventually was never paid because the customer became insolvent. Flemming Bengtsen, CEO at Nimbla commented: “The impact the lockdown has had on SMEs, who are the heart and soul of the UK economy, is astonishing. Many have survived several attacks during the pandemic and, now, knowing they won’t get paid for the work they did is another huge body blow. There could be more bad news on the horizon for smaller businesses as high street chains face difficulties and potential insolvencies.” Looking ahead Businesses anticipate making, on average, £263,000 revenue between now and the end of the year. However, as customers seek longer payment terms from 30 to 60 days to settle invoices, three in five (60%) business owners are nervous about not getting paid at all with expectations that one in six customers will become insolvent before the end of the year. This is a major issue as more than a third (36%) of businesses were heavily concentrated, reporting that more than two-thirds of their revenues came from a handful of customers. Overall, business owners reported 61% of their customers said they were doing well in terms of their revenue, going steady with sales and generally content with the business environment. Yet, business owners were sceptical about their buoyant spirit, with only a quarter (26%) believing what they say. Flemming Bengtsen added: “The current uncertain economic environment means doing business isn’t easy, it’s made all the more difficult with SMEs anxious about getting paid. Trading on trust and confidence has deteriorated. It is time, as a collective, to bring this back. Business owners cannot afford to bury their heads in the sand; they should protect themselves and insure against the potential insolvency of their customers.” ENDS Notes to the Editor *Research findings based on a survey of 2,000 UK companies (who are employers with a minimum turnover of £250,000) conducted for Nimbla in September 2020 by LM Research & Marketing Consultancy (Market Research Society approved partner and ESOMAR corporate member). About Nimbla Nimbla makes sure businesses get paid for their hard work, even if a customer becomes insolvent. Founded in 2016, the risktech company is on a mission to give SMEs the confidence to trade with a peace of mind using invoice insurance. Nimbla’s digital insurance platform backed by expert risk analysts, allows businesses to check a buyer’s ability to pay and insure individual invoices against non-payment in a fast and affordable way. This will enable business owners to safeguard against insolvent customers, expand into new and existing markets and secure better borrowing terms. The platform can be accessed directly ( www.nimbla.com ) and through partnerships with Barclays and Starling Bank. Based in London, Nimbla aims to bring the trade credit industry into the 21st century. Challenging traditional insurance models, the cover is flexible and adapts to fit your business — whether it’s a one-off invoice or multiple transactions. Contact Details Bilal Mahmood +44 7714 007257 bilal.mahmood@nimbla.com Company Website https://www.nimbla.com/

October 06, 2020 04:00 AM Eastern Daylight Time

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Construction industry rallies in rebuilding Britain, finds Skrap survey

Stockwood Strategy

The construction industry is rallying from the aftermath of the lockdown as builders report steady workflow and recovering revenues, finds a survey* of 2,000 UK construction companies by Skrap , the on-demand construction hire specialist . Almost half of construction businesses (44%) reported that workflow has reached pre-lockdown levels. The bounce is such that almost a quarter (23%) of businesses felt they would hit at least 2019 revenue levels and possibly see a 20% increase. This is despite nearly two-thirds (63%) of businesses still waiting to be paid, on average, £47,784 for work they did pre-lock down. However, this is an improvement from June 2020 when they were waiting for £157,642. Of the work that is being done, building contractors are seeing the greatest demand from residential projects (48%) and public sector work (30%) such as roadworks and in schools. However, of those businesses seeing a partial slowdown in work, they pointed to the uncertain state of the economy which is delaying investment decisions. Construction industry business owner Jamie Herd, MD of Lords builders’ merchants commented: “We’ve seen sales of supplies increase steadily over the past 3 months and orders to the end of 2020 look good especially in London and the home counties. The government’s favourable loan schemes have boosted the cash flow of construction businesses to enable them continue their work and overall, there is a bullish mood that work is returning to normal in the industry”. Hussain Hilli, co-founder at Skrap commented: “Although building activity shrunk during the lockdown, this survey provides a cautious note of optimism for the construction industry. It’s not surprising this wave of optimism comes from residential work as people continue to work from home and consider their new needs. The decision to scrap stamp duty on homes below £500,000 has also got home owners active. Government policies are taking effect and builders are benefiting but a lot will rest on how investors see Brexit playing out on the UK economy”. 2020 expectations Boris Johnson’s ‘Build, Build, Build’ initiative is making a difference. Almost half of builders (46%) said they had benefited from the policy announcement and were expecting more contracts from this in the next few months. However, they do feel that investment in house building developments is being held back. This is chiefly down to investors being vary of valuations given the impact Brexit could have on the economy coupled with the lack of urgency from the government to support this crucial infrastructure need. Looking ahead to the end of the year, builders fear the biggest disruption to business will be a second wave of COVID19 cases leading to another mass lockdown impacting delivery and demand of projects. Brexit The majority of construction businesses are confident that there will be little fallout from a no-deal Brexit. They felt the Government would negotiate a good trade deal in time and it will be business as usual. However, they do feel the greatest concern in the run up to Brexit centres on workforce availability. This is understandable as up to a quarter (25%) of their workforce are non-UK nationals. Ends Notes to the editor * Research findings based on a survey of 2,000 UK construction companies (who are employers with a minimum turnover of £250,000) conducted in September 2020 by LM Research & Marketing Consultancy (Market Research Society approved partner and ESOMAR corporate member). About Skrap Founded in 2017, Skrap offers on-demand services for skip and construction hire resources. Every year almost 100m tonnes of construction waste is collected in the UK and construction businesses spend £5b in collecting this waste, and a further £15b on other hire services. Skrap intends to remove the hassle from ordering a skip and other construction hire needs to make this experience simple and user friendly. Skrap’s strategic ambition is to automate the entire construction hire supply chain across major cities globally over the coming years. Founders Marwan Field, Hussain Hilli and Ahmed Rao came across the problem while running a construction business where logistics were unorganised and fragmented; prices were asymmetric, and the marketplace of suppliers and brokers were doing everything manually. Contact Details Bilal Mahmood +44 7714 007257 bilal@skrap.xyz Company Website https://www.skrap.xyz

October 06, 2020 03:30 AM Eastern Daylight Time

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MSC Cruises, Port Everglades, Matson, International Chamber of Shipping and Ocean Voyages Institute Among 2020 NAMEPA Marine Environment Protection Awards Recipients

North American Marine Environment Protection Association

Carleen Lyden Walker , Co-Founder and Executive Director of the North American Marine Environment Protection Association (NAMEPA), announced that MSC Cruises, Port Everglades, the International Chamber of Shipping for its Seafarer Welfare work, and Matson for Environmental Innovation are among the eight recipients of NAMEPA’s 2020 Marine Environment Protection Awards. Other recipients are: Ocean Voyages Institute, Sea Education Association, the U.S. Arctic Research Council and the Business Network for Offshore Wind’s Liz Burdock for the category of Individual. The Awards Program will be held virtually in conjunction with NAMEPA's Annual Conference on November 5th, which will focus on looking ahead to 2023 and preparing for the future. “Particularly in these turbulent times, it is uplifting to celebrate the accomplishments and positive actions of our maritime community,” stated Carleen Lyden Walker, Co-Founder and Executive Director of NAMEPA. “The marine industry works tirelessly to deliver more than 90% of the world’s goods and energy safely and with a keen eye to reducing its environmental impact. It is NAMEPA’s honor to highlight their efforts, along with community partners who share our values to “Save our Seas”. NAMEPA’s Marine Environment Protection Awards are given in recognition of an individual or organization’s innovative and extraordinary efforts to commit themselves to preserving the marine environment as exemplified by a commitment to programs which have specific objectives set for environmental performance and improvement. Eligible candidates include members of the commercial maritime industry, government agencies, educational organizations, innovation providers, ports, associations and individuals. Submissions are judged by the organization’s Board of Directors against the criteria behind the award. MSC Cruises is being recognized for its multifaceted environmental work throughout its fleet and organization. MSC Cruises has begun construction on up to 9 LNG powered ships which are being designed to be compatible with low carbon bio and synthetic fuels as they become available. Additionally, they completed the $200 million+ restoration of Ocean Cay in the Bahamas to its original, pristine state; and took meaningful steps to eliminate single-use plastics from their fleet. Matson is receiving the Environmental Innovation Award for the breadth, scope and investment in its entire environmental program, which includes innovative new technology, modernization of its fleet and terminals, participation in grants and clean-up programs, and detailed planning for long term future goals. In 2020 their vessel new build, vessel retrofit, and terminal improvement programs have all come to fruition, bringing Matson’s environmental program to its industry-leading position. Ocean Voyages Institute recently conducted two voyages into the Pacific Gyre (often referred to as the “Pacific Garbage Patch”) with a record setting haul of abandoned nets, fishing gear, and other plastic debris which collects in the gyre. The non-profit organization seeks to expand its program by partnering with the marine industry to increase the capture of these harmful pollutants. The first NAMEPA Marine Environment Protection Award was presented 13 years ago posthumously to the founder of the MEPA movement, George P. Livanos who created HELMEPA over 30 years ago due to his interest and concern for the marine environment. Since then, award recipients have included Maersk, Euronav, CLIA, Joe Cox, the Port of Los Angeles, International Seaways, the Port of Montreal, the OAS-CIP, American Salvage Association, NOAA and the New York Harbor School among others. The NAMEPA Annual Conference including a Leadership Roundtable panel will precede the Awards Program, consisting of senior leadership individuals from many of the of the award recipients. For more information on attending, contact NAMEPA . There is a charge to attend, but students, active mariners and government personnel are guests. Admittance is by reservation only and is limited. The North American Marine Environment Protection Association (NAMEPA) was officially launched in 2007. NAMEPA is a marine industry-led organization of environmental stewards preserving the marine environment by promoting sustainable marine industry best practices and educating seafarers, students and the public about the need and strategies for protecting global ocean, lake and river resources. For more information, go to www.namepa.net. Contact Details Carleen Lyden Walker +1 203-255-4686 executivedirector@namepa.net Company Website https://namepa.net/

September 22, 2020 04:00 PM Eastern Daylight Time

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NEXT TRUCKING HIRES NEW CFO AND VICE PRESIDENT OF OPERATIONS

NEXT Trucking

NEXT Trucking , a FreightTech pioneer that connects shippers and carriers, announced today it has appointed new leadership across its finance and operations departments to oversee the company’s continued growth. Joining the company are Chief Financial Officer Timothy Danaher and Vice President of Operations Patrick Winter. “We are pleased to announce the addition of an accomplished new generation of leadership to the team, who will help us continue to aggressively expand our operations and reach, with a disciplined focus on positive unit economics,” said Lidia Yan, CEO and Co-Founder of NEXT Trucking. “Despite tremendous external pressures and supply chain disruptions caused by COVID-19, the addition of these impressive executives demonstrates that NEXT Trucking has successfully navigated these hurdles and continues to boast a promising growth trajectory.” As Chief Financial Officer, Timothy Danaher brings 20 years of proven expertise as a finance professional, having most recently served as Chief Financial Officer and Corporate Secretary of JUUL Labs. While there, he helped to grow the company to a $38B valuation. Prior to JUUL, he was President & Chief Operations Officer of Bellator MMA, a subsidiary of ViacomCBS, and Senior Vice President at Plainfield Asset Management. “I could not be more excited to join NEXT Trucking, as we transform the way the current drayage market operates,” said Danaher. “At NEXT, we are focused on building a robust technology product that will enable a thriving drayage and OTR marketplace environment, as well as a better shipper and carrier experience.” Patrick Winter joins NEXT Trucking as Vice President of Operations following 15 years as an operations leader across a breadth of startup verticals, including health tech, insurtech and transportation. Prior to his role at NEXT Trucking, Winter served as the Senior Vice President at Health IQ. As part of Uber’s delivery service, Uber Eats, he also led sales, marketing and operations teams throughout the U.S. as head of the company’s Pacific Northwest region. Prior to his business career, he served for seven years as an officer in the United States Navy. “NEXT Trucking is a truly exceptional company and I’m proud to be serving as the new Vice President of Operations,” said Winter. “Especially valuable during this unprecedented time in the history of logistics technology, NEXT Trucking has consistently proven its mettle as an industry leader. Its unique contributions to the logistics sector will continue to push forward the success of shippers and carriers alike, and offer the solutions needed for fleet owners to overcome the current economic tumult.” The new executive team members will help drive the company’s corporate initiatives and success despite the ongoing challenges of the COVID-19 pandemic, as the organization continues its mission to support shippers and carriers through the course of the crisis and beyond. ABOUT NEXT TRUCKING: NEXT Trucking, a FreightTech pioneer and drayage leader, offers premium shipping experiences to many of the world’s best-known companies. NEXT’s platform connects shippers with freight capacity across drayage, transload, and OTR. Headquartered in El Segundo, CA, NEXT is venture-backed by leaders such as Brookfield Ventures, GLP and Sequoia Capital. For more information, visit www.nexttrucking.com. Contact Details April White +1 347-870-9402 nexttrucking@trustrelations.agency Company Website https://www.nexttrucking.com/

August 20, 2020 08:08 AM Eastern Daylight Time

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Margaritaville Celebrates National Relaxation Day with Products and Experiences Transporting Consumers to Paradise

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Between the chaos of making the most of an uncertain year and trying to pack as much activity as possible into the sunny summer months, it’s no secret everyone could use a break right about now. Enter National Relaxation Day! Celebrated August 15, National Relaxation Day offers the perfect excuse to ditch the commotion and take a day to reset. At a loss on where to find relaxation this year? The last thing you need is pressure, so here are some ideas from Margaritaville to help you take a load off this weekend and beyond: Tune into Paradise Tune into Radio Margaritaville on SiriusXM for 24/7 streaming of the tunes that you love on us! Take a Bite Out of the Islands Dine at one of over 60 Margaritaville dining concepts such as award-winning JWB Prime Steak and Seafood, Margaritaville, LandShark Bar & Grille, and 5 o’Clock Somewhere Bar – or by whipping up one of our favorite recipes from the Margaritaville The Cookbook such as Chef Carlo Sernaglia’s Pimento Cheese Hushpuppies, Peel-and-Eat-Shrimp, Conch Fritters – and of course, freshly blended margaritas! Kick Back and Relax at Resorts, RV and Water Parks, Marinas, Golf Courses, and Spas Book a trip to decompress before summer’s end – or stop by your local Margaritaville hotel, resort, or park this weekend to chill by the beach, pool, lakes, mountains, golf courses, marinas, pickleball courts and more. Not to mention, Margaritaville’s signature St. Somewhere Spas can be found at select properties offering treatment, steam, and scrub rooms, rainfall showers, hot tubs, and indulgent aromatherapy products for ultimate rejuvenation. Bring Relaxation Home Nothing says relaxation like a little retail therapy. Check out some of the hottest products from the Margaritaville Store to help you unwind in the months ahead – Listen to your favorite jams on our MGV Bluetooth Lawn Speaker while playing a game of 5 o'Clock Hook & Ring Toss or Margaritaville Checkers, or solving our 500 piece PFINS Parrot Puzzle. Head outside, stretch out, and slow down on our MGV Pace Is Slow Yoga Mat, MGV Tie Dye Yoga Mat, or Adirondack Chair Towel. Enjoy a taste of paradise with Margaritaville The Cookbook or by infusing Margaritaville Singles To Go in your water. Step up your backyard sanctuary with Island Lifestyle Quad Chairs and a Margaritaville Half Moon Fins to the Left Bar. To learn more about Margaritaville, please visit: https://www.margaritaville.com/ . ### ABOUT MARGARITAVILLE Margaritaville, a state of mind since 1977, is a global lifestyle brand inspired by Jimmy Buffett, whose songs evoke a passion for tropical escape and relaxation. Margaritaville features over 20 lodging locations and over 20 additional projects in the pipeline, with nearly half under construction, two gaming properties and over 60 food and beverage venues including signature concepts such as Margaritaville Restaurant, award-winning JWB Prime Steak and Seafood, 5 o'Clock Somewhere Bar & Grill and LandShark Bar & Grill. More than 20 million travelers every year change their latitude and attitude with a visit to a Margaritaville resort, residential real estate destination, vacation club, vacation home rental or restaurant. Consumers can also escape everyday through a collection of Margaritaville lifestyle products including apparel, footwear, frozen concoction makers, home décor, a satellite radio station and more. For more information on Margaritaville, visit www.margaritaville.com. Contact Details FINN Partners +1 646-202-9782 margaritaville@finnpartners.com Company Website https://www.margaritaville.com/

August 14, 2020 05:38 PM Eastern Daylight Time

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Daniel Gaston Promoted to Vice President at Cloud Conventions/Convey Services

Convey Services

Convey Services, parent company of Cloud Conventions a full featured virtual event technology solution today announced the promotion of Daniel Gaston to Vice President of Business Development. Gaston is chartered with developing and expanding the marketplace for virtual events, creating both a direct and channel focus to offer capabilities to event managers, associations, nonprofits, tradeshow operators and channel resellers. “Danny joined Convey five years ago and has been pivotal in growing the marketplace for Convey’s channel program for master agencies and suppliers, as well as for InterAct LifeLine’s addiction and recovery platform,” said Carolyn Bradfield founder of Convey. “Now that Convey has expanded its Cloud Conventions technology to address the explosive need for virtual conferences, tradeshows and events, Danny will drive the effort to grow revenue and expand the customer base for fully managed or self-managed virtual and hybrid events.” Prior to COVID, the marketplace for live expositions globally exceeded 33,000 with $50 billion in revenue annually. Although thousands of live events cancelled in 2020 and should begin to return in 2021, the demand for a virtual solution will continue to strengthen as event operators offer virtual-only or hybrid event options. Cloud Conventions automates every aspect of delivering a virtual event from attendee onboarding to exhibit booths, creating a content-rich environment with enhanced views of marketing materials, educational classes and product resources. The platform analyzes every attendee interaction and delivers detailed reports to the event host and their exhibitors. “Danny brings a unique skill set in being able to strategically understand how to address an emerging market, combined with the tactics needed to generate an appropriate sales process,” added Bradfield. “He has been integral in every aspect of our development of Cloud Conventions from product design, to creating processes for managing an event, to offering strategic support to clients that are creating their first virtual experience. He has identified market segments with the greatest need and a process to address them effectively.” Gaston graduated from Kennesaw State University summa cum laude with a degree in Applied Science, Industrial and Organizational Psychology. About Cloud Conventions Cloud Conventions is a Virtual Trade Show and Conference Platform from Convey Services that brings new capabilities to a marketplace looking for solutions to replace the thousands of live trade shows, annual conferences and association meetings cancelled in the wake of COVID-19. Originally launched as ConveyLive, Cloud Conventions automates exhibitors and virtual booths, attendee registration, speaker sessions and reminders, invitations and email communication, while at the same time producing detailed analytics on attendee, session and exhibitor activity. Trade Associations and event managers can explore all of the Cloud Conventions solutions by visiting https://cloudconventions.com or contacting info@cloudconventions.com or call 888-975-1382. Cloud Conventions™, Conduct™, One-Touch Email Share™, Hub & Spoke™, 360° Virtual Exhibit Hall & Lobby Experience™ and ListLock™ are trademarks of Convey Services LLC Contact Details Bruce Ahern +1 770-580-0810 bahern@conveyservices.com Company Website https://cloudconventions.com

August 13, 2020 04:00 PM Eastern Daylight Time

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Cloud Conventions Prepares for Hybrid Tradeshows & Events to Flourish in 2021

Convey Services

Cloud Conventions , a full featured virtual tradeshow, conference and event technology solution is now offering hybrid event capability to blend an enhanced virtual and digital experience with live events as they begin to return in 2021. Hybrid events expand the audience at tradeshows and conferences, extend the time attendees can engage with exhibitors and sponsors and provide a storehouse for content, session recordings and education on-demand. Cloud Conventions is upgrading its technology to offer integration with services like Experient and Cvent that manage both live and virtual attendee registration. “Prior to COVID, the global marketplace for live expositions exceeded 33,000 events, producing $50 billion in revenue,” said Carolyn Bradfield founder of Convey . “The pandemic forced the cancellation of tens of thousands of events in 2020, but as they return in 2021, the strategy to connect attendees to exhibitors, training and content will evolve with the addition of a virtual component. It will increase the options for audiences to participate and engage and support attendees who either don’t want to travel or are concerned about risk.” Cloud Conventions automates every aspect of delivering a virtual tradeshow, conference or event from attendee onboarding to virtual exhibit booths. It creates a content-rich environment with enhanced views of marketing materials, educational classes, and product literature that live events can’t deliver. The platform analyzes all attendee interactions and presents them in detailed reports for the event host and exhibitors. Cloud Conventions supports any brand of conferencing solution, including Zoom Video Webinar, PGi GlobalMeet, GoToWebinar, Vonage Meetings or Microsoft Teams to execute keynotes or educational sessions. “The marketplace for live events will never be the same after COVID-19, but we think it’s going to evolve, grow and become more versatile,” added Bradfield. “Conferences and tradeshows are vital to the worldwide economy because they connect suppliers to buyers that keep their shelves, warehouses and online stores stocked with the latest merchandise. They offer professionals a forum for education, licensing renewal and connections. Hybrid events ensure that those activities will continue uninterrupted no matter what 2021 holds.” Hybrid events offer a coordinated way for attendees to register for both a live or virtual environment, as well as for exhibitors to have a physical and a virtual booth, and for content and education to be consumed in person or on-demand. Cloud Conventions is a virtual event SaaS platform from Convey Services . For ideas on how the industry is using Cloud Conventions to make their virtual events informative and engaging, visit the Online Resource Center at www.CloudConventions.com . About Cloud Conventions Cloud Conventions is a Virtual Trade Show and Conference Platform from Convey Services that brings new capabilities to a marketplace looking for solutions to replace the thousands of live trade shows, annual conferences and association meetings cancelled in the wake of COVID-19. Originally launched as ConveyLive, Cloud Conventions automates exhibitors and virtual booths, attendee registration, speaker sessions and reminders, invitations and email communication, while at the same time producing detailed analytics on attendee, session and exhibitor activity. Trade Associations and event managers can explore all of the Cloud Conventions solutions by visiting https://cloudconventions.com or contacting info@cloudconventions.com or call 888-975-1382. Cloud Conventions™, Conduct™, One-Touch Email Share™, Hub & Spoke™, 360° Virtual Exhibit Hall & Lobby Experience™ and ListLock™ are trademarks of Convey Services LLC Contact Details Bruce Ahern +1 770-580-0810 bahern@conveyservices.com Company Website https://cloudconventions.com

August 12, 2020 08:00 AM Eastern Daylight Time

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Cloud Conventions Virtual Event Platform Introduces Licensing Program

Convey Services

Cloud Conventions , a full featured virtual tradeshow and event technology solution today introduced a new Licensing Program for event management firms, tradeshow producers or others who want greater flexibility in customizing features or to resell a white-labeled platform. Licensing allows companies to enter the market quickly, customize their offerings and deliver fully managed or self-managed virtual events. “ Convey Services , Cloud Conventions’ parent company, began engineering this technology over eight years ago to deliver sophisticated content and marketing portal networks,” said Carolyn Bradfield founder of Convey. “When the pandemic crippled the market’s ability to conduct live tradeshows, or in-person conferences, Convey transformed its portal capability to deliver full-featured, content-rich, automated events. Our new licensing program allows event operators to collapse time-to-value by quickly deploying a robust technology solution. We offer three levels of licenses, with flexibility to take advantage of the common codebase, along with upgrades or use the software as a platform to independently develop customized capabilities.” Cloud Conventions automates every aspect of delivering a virtual tradeshow, conference or event from attendee onboarding to virtual exhibit booths. It supports a content-rich environment with enhanced access to marketing materials, continuing education classes, videos and product literature. The platform analyzes all attendee interaction and presents detailed reports for the event host and exhibitors. Cloud Conventions supports any brand of conferencing solution, including Zoom Video Webinar, PGi GlobalMeet, GoToWebinar, Vonage Meetings or Microsoft Teams to execute keynotes or educational sessions. “The underlying software of Cloud Conventions was developed in an Agile environment and the technology is modern and constantly updated,” added Bradfield. “We offer a white-label option with a shared common codebase, hosted in the Rackspace OpenStack® Private Cloud. You also can request custom feature sets exclusively for your clients or license the code for a completely customized environment, delivered and managed by your development team.” For more information on licensing options visit: Cloud Conventions Licensing or contact Convey at licensing@conveyservices.com . About Cloud Conventions Cloud Conventions is a Virtual Trade Show and Conference Platform from Convey Services that brings new capabilities to a marketplace looking for solutions to replace the thousands of live trade shows, annual conferences and association meetings cancelled in the wake of COVID-19. Originally launched as ConveyLive, Cloud Conventions automates exhibitors and virtual booths, attendee registration, speaker sessions and reminders, invitations and email communication, while at the same time producing detailed analytics on attendee, session and exhibitor activity. Trade Associations and event managers can explore all of the Cloud Conventions solutions by visiting https://cloudconventions.com or contacting info@cloudconventions.com or call 888-975-1382. Cloud Conventions™, Conduct™, One-Touch Email Share™, Hub & Spoke™, 360° Virtual Exhibit Hall & Lobby Experience™ and ListLock™ are trademarks of Convey Services LLC Contact Details Bruce Ahern +1 770-580-0810 bahern@conveyservices.com Company Website https://cloudconventions.com

August 11, 2020 01:00 PM Eastern Daylight Time

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