Shineco, Inc. Enters into Strategic Cooperation Agreement to Establish an Apocynum Industrial Park in Xinjiang, China

Shineco, Inc. Enters into Strategic Cooperation Agreement to Establish an Apocynum Industrial Park in Xinjiang, China

PR Newswire

BEIJING, Sept. 22, 2017 /PRNewswire/ — Shineco, Inc. (“Shineco” or the “Company”; NASDAQ: TYHT), a producer and distributor of Chinese herbal medicines, organic agricultural products, specialized textiles, and other health and well-being focused plant-based products in China, today announced that the company, through its wholly owned subsidiary Beijing Tenet-Jove Technological Development Co, Ltd., has entered into a Strategic Cooperation Agreement (the “Agreement”) with Mr. Jianjun Wang, who is experienced in apocynum planting, manufacturing and knowledgeable in apocynum market and administration procedures with relevant authorities in apocynum industry in China, to establish an Apocynum Industrial Park in Xinjiang, China.

Pursuant to the Agreement entered into on September 21, 2017, both parties have agreed to establish a joint venture company, namely, Xinjiang Shineco Taihe Agriculture Technology Ltd. (“Xinjiang Taihe“) to hold and operate the Apocynum Industrial Park, with a total investment of RMB 50 million (approximately $7.57 million USD), of which the Company will invest RMB 47.5 million and Mr. Wang will invest RMB 2.5 million. Upon the closing of the Agreement, Shineco will own 95% of the equity interest of Xinjiang Taihe.

Mr. Yuying Zhang, Chairman and Chief Executive Officer of Shineco, stated “We intend to establish a 300,000 mu (approximately 50,000 acres) modern Apocynum Industrial Park to implement the industrialization of apocynum in three years. The Apocynum Industrial Park is expected to contribute $40 million revenue to Shineco by the end of 2018.” Mr. Zhang continued: “Today’s announcement is another milestone for the growth of our business in apocynum market and reflects our strong commitment to Chinese apocynum development.”

About Shineco, Inc.

Incorporated in August 1997 and headquartered in Beijing, China, Shineco, Inc. (“Shineco” or the “Company”) is a Delaware holding company that uses its subsidiaries’ and variable interest entities’ vertically- and horizontally-integrated production, distribution and sales channels to provide health and well-being focused plant-based products in China. Utilizing modern engineering technologies and biotechnologies, Shineco produces, among other products, Chinese herbal medicines, organic agricultural produce and specialized textiles. For more information about the Company, please visit  www.tianyiluobuma.com.

Forward-Looking Statements

This press release contains information about Shineco’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Shineco encourages you to review other factors that may affect its future results in Shineco’s registration statement and in its other filings with the Securities and Exchange Commission.

For more information, please contact:

Tina Xiao
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com

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SOURCE Shineco, Inc

SRF proud to support children, youth at Ottawa International Animation Festival’s Shaw Rocket Fund InGenius Jr. Day; red carpet screening of The Breadwinner

SRF proud to support children, youth at Ottawa International Animation Festival’s Shaw Rocket Fund InGenius Jr. Day; red carpet screening of The Breadwinner

Canada NewsWire


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OTTAWA, Sept. 22, 2017 /CNW/ - Shaw Rocket Fund is proud to partner with the Ottawa International Animation Festival to support kids exploring the world of animation production.

As part of its partnership, the Shaw Rocket Fund is sponsoring the OIAF’s InGenius Jr. Day, taking place on Sept. 23 at the National Gallery of Canada where children can learn about animation through art, technology and innovative new software. Events kick off today with a red carpet screening of The Breadwinner, an animated feature film partly funded by Shaw Rocket Fund, and a post-screening Q&A session. Environment and Climate Change Minister Catherine McKenna will also make remarks.

“We are excited to see The Breadwinner at the Ottawa International Animation Festival. It is a critically inspiring film that shows how young people can make a difference,” says Agnes Augustin, Shaw Rocket Fund President and CEO. “The fact that this movie is getting the red carpet treatment shows how important it is to continue to invest in children and youth programming, which allows Canadian talent and culture to be exported globally.”

The Breadwinner tells the story of 11-year-old Parvana, who must disguise herself as a boy to help her family in Taliban-controlled Afghanistan. Internationally co-produced by Aircraft Pictures (Canada), Cartoon Saloon (Ireland) and Melusine Productions (Luxembourg), the animated film is based on award-winning Canadian author Deborah Ellis’s book of the same name. It is executively produced by Angelina Jolie, who attended the movie’s successful premiere at the Toronto International Film Festival in which it was named one of the Top 10 best movies by BlogTO.

“Under the leadership of our director Nora Twomey, an enormous amount of care has gone in to crafting a cinematic journey for children and parents from every walk of life while also striving for authenticity and pushing artistic boundaries,” said producer Anthony Leo of Aircraft Pictures. “This timely and relevant work would not have been possible without the support of Shaw Rocket Fund.”

The Shaw Rocket Fund InGenius Jr. Day on Saturday, Sept. 23, is dedicated to young audiences between the ages of six and 12 who will have the opportunity to go deeper into animation innovations with workshops, interactive games, virtual reality experiences and talks with industry representatives and hosted by the energetic duo from Rocket Fund’s animation character contest, Startoon. It is a day for families, in which a free screening of The Breadwinner will take place at 3 p.m.

“As my colleague Minister Joly has said before, our government knows the media landscape continues to evolve tremendously. That is why we have invested $2.2 billion in arts and culture and are committed to creating opportunities for Canadian trailblazers,” said Minster McKenna. “I am proud of the Ottawa International Animation Festival’s dedication to bringing creators from around the world to Ottawa Centre to showcase the world’s most cutting-edge, thoughtful, provocative animation films.”

Canada is home to unbelievably talented and globally recognized producers of children’s content, and the partnership between the Shaw Rocket Fund and the OIAF provides an amazing opportunity to showcase this talent to audiences of all ages,” said Chethan Lakshman, VP, External Affairs, Shaw Communications. “We are proud to support InGenius Jr. Day and give the next generation of content creators a chance to immerse themselves in a world of creation and innovation.”

About Shaw Rocket Fund
The Shaw Rocket Fund is a forward-thinking, not-for-profit corporation that focuses on stimulating excellence in the Canadian children’s production industry in Canada through equity investment and industry initiatives such as the much-celebrated Shaw Rocket Prize, which ran for 11 years to showcase Canada’s amazing children’s television and digital programs, and Startoon, an online development program for animators. The Rocket Fund is an advocate of the Canadian children’s production sector, maintaining an active role with regulators and governments. Contributors to the Fund are Shaw Communications and Shaw Direct.

 

www.rocketfund.ca

t:
@rocketfund

facebook.com/rocketfund

 

SOURCE Shaw Rocket Fund

View original content: http://www.newswire.ca/en/releases/archive/September2017/22/c3458.html

Startup Helps Employers Discover Hidden Talent with Online Simulations; Raises $3.1 Million to Democratize Hiring

Startup Helps Employers Discover Hidden Talent with Online Simulations; Raises $3.1 Million to Democratize Hiring

Online simulations allow job candidates to demonstrate skills and true potential; company’s unique algorithms take the bias out of hiring and help employers create a more expansive and diverse talent pipeline

PR Newswire

SAN FRANCISCO, Sept. 22, 2017 /PRNewswire/ – EquitySim, a technology-driven online simulation-based recruiting platform that partners with financial services firms to identify top hidden talent around the world, announced today that it has secured $3.1 million in Series A funding led by leading employment tech investor University Ventures, along with Peak Ventures and 500 FinTech.

Traditionally, employers organize entry-level recruiting around a candidate’s school pedigree and GPA. This exclusive approach has led to an inequitable system where more than three-quarters of newly hired financial analysts are men and 65 percent are white.

“Too often, qualified candidates from diverse backgrounds are overlooked by traditional hiring methods simply because of the school they went to,” said Justin Ling, Co-Founder and CEO of EquitySim. “EquitySim uses an unbiased data-driven approach powered by artificial intelligence to close equity gaps and give students access to new employment pathways. Our approach is not only more fair, it is significantly more accurate.”

EquitySim’s unique algorithms evaluate a candidate’s skill-sets, personality traits and culture fit. EquitySim’s platform collects up to 100,000 data points for each candidate, allowing for a more comprehensive and fair analysis of capabilities and potential. Furthermore, the company’s extensive partnerships with more than 220 colleges and universities worldwide enable employers to identify top talent from a wider, more diverse pool of candidates typically not found through on-campus recruiting.

Based on student behavior and performance in the simulations, the EquitySim platform then matches students with career opportunities at top financial services firms, including Credit Suisse. To date, 68 percent of placed candidates have come from non-target schools.

“Major financial services employers have traditionally relied on the reputation of a small subset of universities as a proxy for job-readiness during the hiring process,” said Prateek Aneja, Vice President of University Ventures. “EquitySim enables both employers and higher education institutions to make the shift toward competency-based hiring practices that are less reliant on college pedigree, highlighting the potential for digital simulations and artificial intelligence to identify high potential talent.”

About EquitySim 
Founded in 2016 and based in San Francisco, EquitySim envisions a merit-based hiring marketplace where employers find the best candidates to fulfill their missions. The company’s online simulation-based recruiting platform identifies top talent for financial services firms providing an unbiased data-driven approach powered by artificial intelligence. Candidates from over 220 universities worldwide use EquitySim to go beyond the resume and demonstrate their strengths and true potential, allowing employers to identify top talent from a wider, more diverse pool of candidates not found in traditional recruiting. EquitySim is a 500 Startups company. https://www.equitysim.com/

View original content:http://www.prnewswire.com/news-releases/startup-helps-employers-discover-hidden-talent-with-online-simulations-raises-31-million-to-democratize-hiring-300523986.html

SOURCE EquitySim