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Woodbridge by Robert Mondavi Announces New Transformative Brand Positioning

“From One For All” National Campaign Brings Brand’s Pioneering Spirit to the Forefront of Story and Marks a Number of Brand Firsts

LODI, Calif., June 24, 2019 (GLOBE NEWSWIRE) — Woodbridge by Robert Mondavi, the number-three wine brand in the United States* with 40 years of history dedicated to raising the standard for everyday wines in America and globally, announces a new milestone with the launch of its new national brand campaign. The “From One For All” campaign celebrates Woodbridge founder Robert Mondavi’s pivotal role in democratizing wine. It is supported by a 360-degree integrated marketing plan backed by the largest investment in the brand’s history.

For the first time, Woodbridge by Robert Mondavi tells the winery’s powerful founding story and industry-changing vision through the lens of its iconic founder Robert Mondavi in the new “From One For All” marketing campaign. Celebrated for his achievements helping to establish California’s reputation for fine winemaking on a global scale through his extraordinary work in Napa Valley, Mr. Mondavi next turned his focus to encouraging a growing wine culture in the US. He believed that good wine shouldn’t be reserved for the wealthy, and at 65 years old he founded Woodbridge Winery in Lodi, California to be a wine for all people.

The campaign brings Robert Mondavi himself and his storied heritage to life through a captivating narrative in Woodbridge’s first ever 60-second TV commercial, as well as 15- and 30-second TV spots. In another brand first, Woodbridge will air these new advertisements during live sports gaining high visibility on ESPN and NFL Network. The brand’s digital advertising creative features compelling language including “Born From A Legend. Enjoyed By All” and a quote from Robert Mondavi “Whatever You Choose To Do, Pour Yourself Into it with Your Heart and Soul.”

“Since its founding in 1979, Woodbridge has remained steadfast in its commitment to making quality California wines of exceptional value for everyday enjoyment,” said Jaymie Schoenberg, Vice President of Marketing for Woodbridge by Robert Mondavi Wines. “We are proud to tell Woodbridge’s founding story and salute the pioneering spirit of our revolutionary leader Robert Mondavi, who’s vision made high quality wine more accessible across the globe. We know consumers are seeking a deeper connection to the brands they choose and this new strategy celebrates Woodbridge’s forty-year commitment to our consumers by reliving the history that got us here, with the backing of our largest investment yet.”

TV commercials commenced on June 17, 2019 on cable networks including; ESPN, NFL Network, TBS, HGTV, Food Network, Bravo, and FX, among others. Broadcast, digital marketing and social media ads will being rolling out across Facebook and Instagram today, June 24, 2019, through fall 2019.

“From One For All” was created by Woodbridge by Robert Mondavi’s creative agency of record, Cavalry, produced and directed by Stink Films, edited by Whitehouse Post, with Visual Effects Production by Carbon and Color by CO3. Full credits available upon request.

Woodbridge by Robert Mondavi “From One For All” TV Commercials:
60-second TV Commercial: https://www.youtube.com/watch?v=jHRtraZrGLM
30-second TV Commercial: https://www.youtube.com/watch?v=qrXte8vSQZg

For more information contact:
Kara Larmie, Woodbridge by Robert Mondavi, kara.larmie@cbrands.com

ABOUT WOODBRIDGE BY ROBERT MONDAVI WINES:
Robert Mondavi founded Woodbridge Winery near his childhood home in Lodi, California to make quality wines accessible to wine lovers across the world to enjoy as part of daily life. Mr. Mondavi’s pioneering vision for Woodbridge by Robert Mondavi has raised the standard for everyday wines in America, and has made Woodbridge one of the most beloved wines in the U.S. The trusted heritage and quality of Woodbridge by Robert Mondavi ensures you don’t need to spend more for great wine and the diverse portfolio of classic wines marked by bright fruit flavors made to complement food means there is something for everyone. For more about Woodbridge by Robert Mondavi, including food and wine pairings and recipes ideas, please visit www.WoodbridgeWines.com.

Please enjoy responsibly. © 2019 Woodbridge, Acampo, CA

*i6 Report MULO+C L52wks 4.21.19 & Purchase Metrics and Demographics Feb 2019

Nasdaq Promotes Tal Cohen to Executive Vice President, North American Market Services

Tom Wittman to become Executive Advisor and to retire from Nasdaq at year-end

NEW YORK, June 24, 2019 (GLOBE NEWSWIRE) — Nasdaq, Inc. today announced it has named Tal Cohen as Executive Vice President, North American Market Services, effective July 1. In this role, Cohen will be responsible for driving the strategy and success of our trading businesses across cash equities, commodities, derivatives, and trade management services in Nasdaq’s U.S. and Canadian markets. In his role, in addition to directing the strategy of the business, Cohen will oversee Nasdaq’s North American trading products across their lifecycle and will manage client relationships and market operations. He will report to Adena Friedman, President and CEO, Nasdaq.

Cohen joined Nasdaq in April 2016 as Senior Vice President of North American Equities following the acquisition of Chi-X Canada, where he had served as CEO of Chi-X Global Holdings for six years. Prior to Chi-X, Cohen held senior positions at Instinet, American Express and Arthur Andersen.

“Tal’s innovative drive and determination comes across every day in his focus on Nasdaq’s market structure and product capabilities, and the bases for his ideas come from the trusted partnerships he forms with clients,” said Friedman. “Tal’s strength in strategic thinking and proven execution skills will be tremendous assets in his new role, particularly as our clients’ needs continue to evolve. His pursuit of market structure reform is based on his longtime constructive dialogue with all industry participants, and he will be a great leader for our North American trading franchise.”

Cohen was at the forefront of electronic markets, serving as global co-head of electronic trading for Instinet in 2006. As CEO of Chi-X Global, he led a global start up and built a profitable business on three continents within six years.  Chi-X’s innovative work included launching the first new stock exchange in Australia in more than a century; leading a consortium of broker dealers in Japan to create the first broker-neutral Volume-Weighted Average Price (VWAP) in that marketplace; and earlier, leading a joint venture with B3 exchange in Brazil and establishing a key technology deal with the CFETS exchange in China.

Cohen has also represented Nasdaq at Securities and Exchange Commission (SEC) hearings, including the April 2018 Roundtable on Market Structure for Thinly Traded Securities and most recently, the meeting of the Investment Advisory Committee in March 2019. Since arriving at Nasdaq, Cohen has led Nasdaq’s North American Equities business, including the ETF trading business and the “Off-Exchange” business (which includes the Trade Reporting Facility or “TRF”). He has also led Nasdaq’s research in digital assets and tokenization.

As announced previously, Bjørn Sibbern was appointed Executive Vice President of European Market Services and President, European Markets with oversight across equities and equity derivatives, commodities, fixed income, post-trade, market data, and broker services.

Tom Wittman, who led Nasdaq’s Global Trading & Market Services and served as CEO of The Nasdaq Stock Market since 2016, will retire at year-end 2019.  On July 1, 2019, Wittman will become Executive Advisor, continuing to report to Adena Friedman, and he will continue to manage Nasdaq Fixed Income for the remainder of the year.

Wittman joined Nasdaq in 2008 as part of Nasdaq’s acquisition of the Philadelphia Stock Exchange (PHLX), where he worked for 21 years and was responsible for PHLX’s trading technology across equities and options, as well as all regulatory technology and back office systems. Wittman, who started his career as a software developer, was instrumental in guiding the nation’s oldest exchange into the age of electronic trading.

Early in his career at Nasdaq, Wittman demonstrated a passion for the markets, investors and his clients. He used that to push Nasdaq’s U.S. equities options business to No. 1 in U.S. multi-listed market share by 2010, a position it still holds today.

In his role leading Nasdaq’s global trading business, Wittman was responsible for the management, operations and strategic direction of Nasdaq’s businesses spanning cash equities, clearing, commodities, derivatives, fixed income and trade management services. Between 2015 and 2018, Nasdaq’s trading revenues (minus transaction-based fees) grew from $532 million to more than $666 million, a 25% increase.

Wittman also has served as CEO of The Nasdaq Stock Market LLC (Nasdaq), Nasdaq PHLX LLC (PHLX), Nasdaq BX Inc. (BX), Nasdaq ISE, LLC, Nasdaq GEMX, LLC, and Nasdaq MRX, LLC.

“Tom’s stewardship and track record in the options and equities markets are known throughout the industry, and the success of Nasdaq’s equity and equity derivatives business points directly to his leadership,” said Friedman. “His efforts to integrate the Philadelphia Stock Exchange into Nasdaq in 2008, and leading Nasdaq’s team to acquire Chi-X Canada and International Securities Exchange in 2016, have created a tremendous foundation from which Nasdaq is able to invest in alternative data, machine intelligence, and cloud technology in our role of building and serving marketplaces all over the world.”

Wittman and Cohen played instrumental roles in the 2017 launch of The Promise of Market Reform: Reigniting America’s Economic Engine, Nasdaq’s blueprint for addressing uncertainty in the U.S. financial markets. Since its release, the company has witnessed progress on more than seven bills in Congress and the issuance of 13 rules and announcements by regulators. They also collaborated on the launch of TotalMarkets: Blueprint for a Better Tomorrow earlier this year, that proposes to modernize regulations and make structural changes to the U.S. Equity Markets.

Forward-Looking Statements:

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to Nasdaq’s products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to factors detailed in Nasdaq’s annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.

Contact:

Joseph Christinat
646-441-5121
Joseph.Christinat@nasdaq.com

U.S. Army awards Vricon contract for One World Terrain

Vricon to apply its Globe in 3D solution to support military training anywhere in the world

McLean, VA, June 24, 2019 (GLOBE NEWSWIRE) — Vricon is pleased to announce that on 14 June 2019, the U.S. Army, working through the Training and Readiness Accelerator, awarded Vricon an Other Transaction Agreement to build One World Terrain (OWT). One of the key objectives of OWT is to provide an accurate and realistic 3D global terrain that replicates the military’s operational environment. Specifically, OWT is part of the Synthetic Training Environment’s Common Synthetic Environment (CSE).

The CSE is the platform enabler of the Synthetic Training Environment that will allow units and soldiers to conduct realistic, multi-echelon collective training anywhere in the world. The Common Synthetic Environment is composed of three foundational capabilities: One World Terrain, Training Management Tool, and Training Simulation Software.

“We are honored that the Army chose the Vricon solution for its One World Terrain capability,” said Eric von Eckartsberg, president and CEO of Vricon’s U.S. government business unit, Vricon Systems LLC. “Because OWT is a pillar of the Army’s Synthetic Training Environment, our solution will help the Army to train like it fights and fight like it trains.”

The Vricon OWT solution starts with the Globe in 3D commercial foundation data layer to create a geo-specific, high-resolution whole-Earth representation that accurately reflects the complexities of operational environments. The Vricon OWT solution will bridge the gap between future STE training operations and actual operational requirements for GEOINT analysis, mission planning, mission rehearsal, and sensor fusion.

“We see the potential in OWT to spark major innovations for scaling the solution to meet growing demands across the military,” adds vice president Isaac Zaworski. “For the first time in history, the Army will be able to train every soldier in the exact same digital environment that they will have at their disposal when it comes time to deploy into active operations anywhere on the planet.”

The total value of this prototype project, if all phases and options are exercised, is $94,768,900. To learn more about Vricon’s 3D solutions, visit vricon.com.

About Vricon

Vricon serves the global professional geospatial market with world-leading 3D geodata and 3D visualization solutions. Vricon is headquartered in McLean, Virginia. For further information, visit http://www.vricon.com.

Attachment

Craig Brower
Vricon
+1 (757) 251-0291
craig.brower@vricon.com

Battersea project outperforms despite Brexit woes

LONDON, Investors’ confidence in the Malaysian-led Battersea Power Station redevelopment project in the city is solid despite Brexit woes.

Battersea Power Station Development Company Ltd chief financial officer Benn Zemek said the uptake of residential units under phase one remained strong as it was now home to more than 1,000 residents.

The company has also leased over 95 per cent of the phase one commercial space with the upbeat retail performance.

The local economy is supported by the strong long-term foundation that London has established since centuries ago, and what we can see is the demand for housing and commercial spaces is there, and we are here to cater to it, he told a media briefing here today.

He said that even if the Brexit deal passed through, he believed the location of the project and its historical value would be the main attractions for investors to come in.

Currently, we have a mixture of buyers and potential buyers from Southeast Asia and the Middle East, backed by strong local demand. For those who are willing to look past the macro economy, we can see that real estate prices outperform on this site, he said.

The United Kingdom is expected to leave the European Union by Oct 31, 2019, an extension from the earlier deadline of March 29, 2019.

As for the phase two commercial assets, which were recently acquired by the Employees Provident Fund (EPF) and Permodalan Nasional Bhd (PNB), he said the office space would be housing Apple’s London headquarters with the handover targeted for early 2021.

Coupled with the demand from future Apple employees, we believe that it would provide a synergy for both retail and residential in the future, he said.

In the last 12 months, residential sales totalling Pound 120 million have been generated, and the combined gross development value for all the eight phases stands at Pound 9 billion.

The project’s owner, Battersea Project Holding Company Ltd, is owned jointly by Sime Darby Property Bhd (40 per cent), SP Setia Bhd (40 per cent) and EPF (20 per cent).

Source BERNAMA (News Agency)

PNB says won’t be property developer upon completion of projects

KUALA LUMPUR, Permodalan Nasional Bhd (PNB) will no longer be a property developer with the completion of its PNB 118 and PNB 1194 projects, says chief executive officer Datuk Abdul Rahman Ahmad.

PNB is very clear. After the completion of PNB 118 and PNB 1194, we don’t intend to be a property developer. We own land bank and when it matures, the plan is to actually monetise and divest to property developers, he told reporters during a media briefing on PNB’s first half 2019 performance.

The 118-storey megatall skyscraper is now reaching its 75th floor and is expected to reach the 80th-90th floor by year-end.

PNB 1194 is a redevelopment project on what was the former headquarters of Malaysia Airlines Bhd in Jalan Sultan Ismail, Kuala Lumpur.

Both projects are slated for completion in 2021.

Abdul Rahman said the fund’s total real estate portfolio is roughly around RM8 billion, inclusive of a big swathe of land bank as well as global real estate namely in London, the United Kingdom.

Under the challenges in the property market, we are looking at rebalancing our domestic real estate portfolio, he said, adding that PNB is also looking to monetise its 3,642.17 hectares of local landbank, selling the land to property developers.

Without elaborating further, he said some divestment has taken place.

Source BERNAMA (News Agency)

Most Malaysians view palm oil as healthier than soyoil – UCSI Poll

KUALA LUMPUR, Nearly 80 per cent of Malaysian residents agree that palm oil is a healthier option to soyoil, according to the result of a recent survey by the UCSI Poll Research Centre.

The research centre’s chief executive officer, Assistant Professor Dr Noppadon Kannika, said 20.8 per cent of the 667 respondents disagreed with the statement.

More than 70 per cent of respondents from each age group, namely generation Z, generation Y, generation X, baby boomers and others, ‘agreed’ and ‘strongly agreed’ with this statement, he said in a statement today.

Surprisingly, he said, 54.6 per cent of the respondents were ambivalent that the European Commission had classified palm oil biofuels as unsustainable and that the European Union (EU) no longer considered such fuel as among the energy targets.

The majority — 84.3 per cent — were in favour of Malaysia continuing to produce palm oil under a revised strategy, he said.

This poll clearly shows that most ‘studied people’ want the country to continue producing palm oil under a renewed strategy that would benefit Malaysians, he said, adding that 57.2 per cent of all respondents had a degree qualification and above.

Noppadon said the revised palm oil strategy should be considered by working with international partners to have a better understanding of the palm oil process and products that could save the bio-diversity of the country’s natural resources.

Moreover, the public should be informed about the European Commission’s Zero Palm Oil for moving people along with national leaders in protecting the country’s interest, he added.

The survey was conducted from June 1 to June 23 by using qualitative and quantitative approaches.

The poll was to determine people’s perception towards the European Commission’s palm oil ban and their opinion on the comparison between palm oil and soy oil, and to classify their perceptions based on gender, age generation, occupation, education and income level.

In this poll, 51.4 per cent of the total respondents were females, and 48.6 per cent were males.

Of the respondents, the research centre said a total of 38.2 per cent were private-company workers, 23.8 per cent were students, 12.7 per cent were business owners, 10.5 per cent were government officers, 5.4 per cent were freelancers, and 9.4 per cent were others such as farmers, retired people, and unemployed people.

In terms of respondents’ monthly income, it said 34.3 per cent earned under RM2,000, 33.1 per cent earned around RM2,000 and RM4,999, 25.9 per cent earned between RM5,000 and RM7,999, while 6.7 per cent earned RM8,000 and more.

The survey had a margin of sampling error of about 3.5 per cent, it added.

Source BERNAMA (News Agency)

We’ll optimise liquidity management for more stable financial market: PNB

KUALA LUMPUR, Permodalan Nasional Bhd (PNB) will insulate itself by optimising its liquidity management and continuing to diversify its asset classes to further contribute to a more stable condition in the domestic financial market, says group chairman Tan Sri Dr Zeti Aziz.

PNB has an important role to contribute to the financial market, and given the fact that we have inflow of funds from our unit holders, we can invest in new funds therefore we are diversifying our assets into better liquidity management, she told reporters during a media briefing on PNB’s first half performance here today.

The former Bank Negara governor said that the size of the local financial market is significant and Malaysia has a flexible exchange rate with the economy well adjusted to it.

This has created a more resilient economy, with the corporate sector showing greater activity and growing in capital inflows.

The world recognises that Asia and Southeast Asian is a growth centre in the global economy so eventually funds will gravitate back, she explained.

Zeti added that the fund is beginning to see many things happen in the economy that would prompt economic activity.

We are dealing through a period where we see outflows, and this is the time when an institution like PNB steps in to contribute to stabilise the market condition, and that has been happening for over more than two decades.

This is the resilience of our market, she said.

Asked if she sees rising volatility in the current domestic market, she said: Having observed the market for more than two or three decades, I don’t see this as being very significant volatility in relative terms.

Earlier during the briefing, Zeti said as part of PNB’s focus for 2019, the company’s diversification strategy would be accelerated across asset classes in order to optimise returns and minimise risk exposure.

As a result of this initiative, PNB’s portfolio allocations into fixed income securities and global assets have risen to 7.4 per cent and 4.9 per cent respectively at the end of May 2019, from 5.8 per cent and 2.4 per cent in 2017.

PNB is also developing a comprehensive outsourcing framework to complement its internal capabilities in the investments in new asset classes and markets.

It would allow the fund to explore new investment strategies and find alternative investment instruments, she said, noting that PNB’s existing Enterprise Risk Management Framework will also continue to evolve to manage the emerging risks amidst the changing landscape.

Although the prevailing market environment has been reflected in the income distribution levels, PNB continues to navigate the short-term volatility with unwavering focus on the medium and longer term fundamentals.

Amidst uncertain times, PNB will continue to invest consistently and not allow short-term volatility to obscure the potential returns over the longer term, she added.

Meanwhile, chief executive officer Datuk Abdul Rahman Ahmad said despite the volatility, the fund also sees an opportunity to monetise its investment when the market is high.

The key is how do we enhance the earning performance of our underlying companies For example this year we would likely be affected by the lower commodity prices as well as challenges in the property market.

But over time, with the domestic market being resilient, our financial institutions, whereby our largest investment is in Maybank, we expect them to actually perform.

So it’s very important for us to work with our strategic companies and core companies so that they perform and improve our earnings growth, he said.

Source BERNAMA (News Agency)