Consumer Media Solutions to provide brands and advertisers with access to INEO’s premium targeted location-based retail advertising space
SURREY, BC, Sept. 29, 2020 /CNW/ – INEO Tech Corp. (TSX-V: INEO), an innovative provider of location-based digital advertising and data analytics through its patented Customer Welcoming Systems, is pleased to announce a partnership with Consumer Media Solutions Inc., a Toronto-based media sales organization. Consumer Media Solutions has been successfully selling digital and traditional advertising on a national level since 2005 with a staff of seasoned sales reps.
“We are excited to be working with the experienced sales team at Consumer Media Solutions,” said Kyle Hall, CEO of INEO. “Consumer Media Solutions has long standing relationships with advertising agencies and media buyers across North America who can fill our digital screens with targeted advertising content.”
Phil Goddard, founder and CEO of Consumer Media Solutions commented, “We are looking forward to providing out-of-home advertising on INEO’s growing network of retail Welcoming Systems. Consumer Media Solutions has previously delivered advertising for digital screens located in many locations, including a large convenience store network, to advertisers and brands who we believe would benefit from increased exposure on INEO’s network.”
INEO’s patented Welcoming System now reaches approximately 1.5 million motivated shoppers each month. This partnership between INEO and Consumer Media Solutions will utilize INEO’s intelligent demographic and analytics data to enable unprecedented visibility and targeting for location-based advertising by advertisers and brands.
INEO Solutions Inc., provides retailers with The Welcoming System, a patented in-store and online advertising platform that enhances the customer experience, monetizes the entrances of retail stores and protects against retail theft. The Welcoming System is a revolutionary cloud-based digital advertising and data analytics system, which sends customized advertising to digital screens integrated with theft detection sensor gates at the entrance of retail stores. INEO is headquartered in Surrey, Canada and publicly traded on the TSX-Venture Exchange under the symbol (INEO-V)
Investors are cautioned that, except as disclosed in the disclosure document, any information released or received with respect to the Company may not be accurate or complete and should not be relied upon. Trading in securities of the Company should be considered highly speculative.
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Important factors – including the availability of funds, acceptance of the Company’s products, competition, and general market conditions – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed on SEDAR, including the Company’s Filing Statement dated January 20, 2020 (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE INEO Tech Corp.
For further information: Pardeep S. Sangha, Investor Relations, INEO Tech Corp., [email protected], (604) 572-6392
U.S. designates six more Chinese media companies as foreign missions – The Globe and Mail
U.S. Secretary of State Mike Pompeo announced on Wednesday the State Department was designating the U.S. operations of six more China-based media companies as foreign missions, a move he said was aimed at pushing back against communist propaganda.
Pompeo also told a State Department news conference the United States would launch a dialogue on China with the European Union on Friday and that on Sunday he would begin a trip to India, Sri Lanka, the Maldives and Indonesia.
He said he expected the meetings would include discussions about how “free nations can work together to thwart threats posed by the Chinese Communist Party.”
The State Department named the newly designated publications as the Yicai Global, Jiefang Daily, the Xinmin Evening News, Social Sciences in China Press, the Beijing Review, and the Economic Daily. It brought to 15 the number of Chinese media outlets so designated this year.
It was the latest U.S. step to curb Chinese activity in the United States in the run-up to the Nov. 3 presidential election, in which President Donald Trump has made a tough approach to China a key foreign policy theme.
Pompeo said the move was part of efforts to push back against “Chinese communist propaganda efforts” in the United States.
“They are also substantially owned, or effectively controlled by a foreign government,” he said.
“We are not placing any restrictions on what these outlets can publish in the United States; we simply want to ensure that American people, consumers of information can differentiate between news written by a free press and propaganda distributed by the Chinese Communist Party itself. Not the same thing.”
The State Department has previously required Chinese media outlets to register as foreign missions and announced in March it was cutting the number of journalists allowed to work at U.S. offices of major Chinese media outlets to 100 from 160.
In response, China expelled about a dozen American correspondents with the New York Times, News Corp’s Wall Street Journal and the Washington Post.
The United States also said last month it would require senior Chinese diplomats to get State Department approval before visiting U.S. university campuses or holding cultural events with more than 50 people outside mission grounds.
China’s embassy did not immediately respond to a request for comment.
Washington designated four major Chinese media outlets as foreign embassies in June and five in February. The designation requires the outlets to inform the U.S. State Department of their personnel rosters and real-estate holdings.
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U.S. FCC lawyer says agency can change rules on social media liability shield – Reuters Canada
WASHINGTON (Reuters) – The top lawyer at the U.S. Federal Communications Commission (FCC) said Wednesday the telecommunications regulator has legal authority to redefine the immunity shield protecting social media companies that could make it easier for users to file lawsuits challenging content removal decisions.
In July, President Donald Trump’s administration asked the agency to limit protections for social media companies under Section 230, a provision of the 1996 Communications Decency Act that shields them from liability for user-generated content and allows them to remove lawful but objectionable posts.
FCC General Counsel Tom Johnson said in a blog post Wednesday “the scope of the Section 230 immunity shield must be interpreted by someone… the only question is whether the FCC or a federal court will do the interpreting.”
Johnson added that if the FCC narrows social media companies’ liability shield it “would simply allow private parties to bring lawsuits, as appropriate, under other sources of federal and state law.”
FCC chairman Ajit Pai said last week that the agency will move forward to set new rules after pressure from Republicans in Congress seeking quick action to limit legal protections for social media after Twitter blocked some links to an unsubstantiated New York Post article critical of Democratic presidential candidate Joe Biden.
Johnson noted the ultimate decision “whether this legal framework should be adopted” is up to the five commissioners.
Many legal experts and internet companies say the FCC has no authority to issue regulations under Section 230.
FCC Commissioner Jessica Rosenworcel said Wednesday “the FCC has no business being the President’s speech police.”
Trump in May directed the National Telecommunications and Information Administration (NTIA) to petition the FCC for changes after Twitter TWTR.N warned readers to fact-check his posts about unsubstantiated claims of fraud in mail-in voting.
The Internet Association, a group representing major internet companies, including Facebook Inc FB.O, Amazon.com Inc, AMZN.O Twitter and Alphabet Inc’s Google GOOGL.O said the FCC “lacks the authority to make the changes proposed in the NTIA’s petition because they conflict with the plain language of Section 230.”
Pai for months refused to offer comment on the petition. Still any final regulation could take at least another year.
Reporting by David Shepardson; Editing by David Gregorio
Social Media Stocks Jump After Snap Results Suggest Ad Strength – Yahoo Canada Finance
(Bloomberg) — Oil plummeted and gasoline futures tumbled after a U.S. government report showed swelling fuel stockpiles and slowing demand as the coronavirus pandemic rages.Crude futures in New York declined as much as 3.9% on Wednesday, while gasoline futures dropped over 4%. Domestic gasoline inventories rose 1.9 million barrels last week, the biggest increase since May, while a measure of gasoline consumption slid to the lowest since late September, according to an Energy Information Administration report. The mounting fuel supplies and lackluster demand may worsen during the normally sluggish winter driving months.“The resurgence in Covid-19 has put a pause in the expectation that we’d see increased demand,” said Brian Kessens, a portfolio manager at Tortoise, a firm that manages roughly $8 billion in energy-related assets. “The build in gasoline is an indicator that we are seeing that truly play out.”Rising coronavirus infections worldwide are putting a damper on an already murky demand outlook, with governments imposing or considering tighter restrictions. Milan, Italy’s financial capital, will be under night-time curfew beginning this week, while Germany’s new infections reached a record. In the U.S., New York posted more than 2,000 new Covid-19 cases for the first time since May.JBC Energy cut its outlook for oil-products demand this year and early 2021, saying that “the persistent lack of recovery in U.S. gasoline demand remains particularly worrisome.”Flagging fuel demand highlights the importance of ongoing discussions over the next round of U.S. virus aid to reviving energy consumption. White House Chief of Staff Mark Meadows said the goal in talks with House Speaker Nancy Pelosi is a deal on a coronavirus relief package within the next 48 hours, though any agreement likely faces a roadblock in the Republican-controlled Senate.“There’s concern about the growing virus caseload in a lot of places hitting demand, especially if there’s not some fiscal stimulus,” said Michael Lynch, president of Strategic Energy & Economic Research. “Global inventories are still quite high and they’re not going to come down until we get a stronger demand recovery. Now, it looks like that will be pushed further out into the future.”The surprise gasoline build led to another leg lower for refining margins. The so-called crack spread for combined gasoline and diesel against WTI futures slumped to the lowest since early April, providing little incentive for refiners to churn out more product in the midst of depressed demand.“There’s no reason for these guys to run the refinery. It’s a losing proposition,” said Bob Yawger, head of the futures division at Mizuho Securities. “There’s nobody that’s in a hurry to bring refinery utilization rates back up.”In another sign of weakness, the EIA report showed a fifth straight weekly build at the nation’s biggest storage hub in Cushing, Oklahoma. Crude inventories there are now over 60 million barrels for the first time since May. The spread between WTI’s nearest contracts weakened to its widest contango structure in about a week, signaling concerns of oversupply.Still, distillate stockpiles decreased 3.83 million barrels last week and crude stockpiles dropped just over 1 million barrels, the government data showed.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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