Trendit Limited Approval of Loan from an Israeli bank (1296V)
14 4월 2016 - 1:10AM
UK Regulatory
TIDMTRIT
RNS Number : 1296V
Trendit Limited
13 April 2016
TRENDIT LTD
("Trendit" or "the Company")
Approval of Loan from an Israeli bank
Trendit Ltd (TRIT), the provider of cutting-edge technology for
real-time monitoring of population movement, trend analytics, and
crowd behaviour, announces that the Company has received a loan in
the amount of NIS 200,000 (US $53,008) from an Israeli bank (the
"Loan"), which will be returned from an expected VAT tax return the
Company is expecting to receive in the next few weeks, at the sum
of approximately NIS 300,000 (US $79,512). The Loan was received
subject to personal guarantees provided by two controlling
shareholders of the Company, Mr. Josh Rurka and Mr. Ehud Tuvia
Ginati, holding together 79,617,056 shares of the Company, for no
consideration. The Audit Committee and the board of directors of
the Company unanimously resolved to approve the Loan and the
guarantee as a transaction that only benefits the Company, as
defined in the Israeli Companies Regulations, (Relief in
Transactions with Interested Parties), 5760 - 2000, and in
accordance with the Israeli Companies Law, 5759 - 1999.
-Ends-
For more information:
Peterhouse Corporate
Finance (Broker)
Charles Goodfellow +44 20 7220 9791
Yellow Jersey (Financial
PR)
Charles Goodwin +44 7747 788 221
Alistair Kare-Silver +44 7825 916 715
About Trendit:
Trendit provides cutting-edge technology for real-time
monitoring of population movement, trend analytics, and crowd
behaviour. Trendit's technology has the ability to analyse data
collected from as little as a single data source, and merge
individual network events together with geographical information
that create "population clouds," which analyse and predict
trends.
The Company is seeking to become a global player within the Big
Data Analytics space and believes it is well placed to capture
significant market share in what is a multi-billion dollar
industry.
The Company's Technology:
Trendit's technology has the ability to analyse data collected
from as little as a single data source, and merge individual
network events together with geographical information that create
"population clouds," which analyse and predict trends.
The single data source, able to sample as little as only 15% of
the population (e.g. cellular operator with only 15% market share)
in a specific geographic area, can provide sufficient information
for representing crowd behaviour of an entire population with about
85% accuracy, calculating how many people are located in a given
area and groups people by various segments (social economic, place
of origin, etc.).
The heart of the Trendit technology is the "Trend Engine."
Divided into several modules it is responsible for processing the
incoming data streams, calculating the incoming data, providing a
depiction of the data in real-world terms and providing an
estimation of the population based on the analysis.
Further information on the Group is available at:
http://www.trendit.net/#/home/home
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGGUMUCUPQGQW
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April 13, 2016 12:10 ET (16:10 GMT)
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