2012.10.23 06:43 monnotorium NeedVocals - Let's make some music
2017.11.09 16:44 CloudiDust Arknights
2013.07.03 16:21 hourgaming Home Renovations; your source for home upgrades and repairs.
2024.05.14 18:07 Wise-Collection-1745 Do I have Grounds?
2024.05.14 17:20 AdventurousSeeker192 Element79 Is Mapping the Path to High-Grade Operations (CSE:ELEM, OTC:ELMGF)
Element79 (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS0), a prominent player in the mining industry, is redefining the gold and silver market with its robust portfolio and innovative strategies. With its focus primarily on gold and silver, Element79 stands as a beacon in the mining industry, committed to delivering impressive results while adhering to the highest environmental and social standards. This article sheds light on Element79’s journey, its flagship projects, recent developments, and future prospects. https://preview.redd.it/2bw6ie9ure0d1.png?width=977&format=png&auto=webp&s=21cdd7bea13eb35e0d455b039992e7589af5a4f8 About Element79 Element79 (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS0), a leading figure in the mining industry, has established itself as a pioneer in responsible mining practices. Its commitment to sustainable development and strategic acquisitions highlight Element79’s dedication to maximizing shareholder value. The company’s impressive portfolio features two flagship projects, the Lucero Property in Peru and the Maverick Springs Project in Nevada, both of which exhibit significant potential for high-grade operations. Lucero Property: The Goldmine in Peru Nestled in Arequipa, Peru, the Lucero Property is a high-grade gold and silver mine that stands as one of Element79’s flagship projects. With a rich history and immense potential for future development, Lucero is a testament to Element79’s commitment to mining excellence. Historically, the Lucero mine boasted impressive grades, with an average of 19.0g/t Au Equivalent (Au Eq) during its five years of production ending in 2005. Recent assays from underground workings in March 2023 have further validated the potential for a significant high-grade future operation. These assays yielded up to 11.7 ounces per ton of gold and 247 ounces per ton of silver, indicating a promising future for high-grade operations. https://preview.redd.it/gr3pmv5rse0d1.png?width=977&format=png&auto=webp&s=10b6b3e0838a808d26d52920ac768c7de7407ba2 Additional Assay Results Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS0) unveils additional findings from its recent underground and surface sampling efforts at the Lucero property, the cornerstone of its endeavors. James Tworek, CEO of Element79, underscores the significance of these results: “This data isn’t just promising; it’s pivotal. It forms the bedrock upon which we build our future at Lucero.” Out of 97 samples analyzed, 56 returned notable gold grades, with peaks at 8.55 g/t gold and 523 g/t silver, as shown in Table 1. Additionally, high concentrations of base metals were detected, affirming the project’s richness and reinforcing the Company’s confidence in its resource potential. These assay results serve dual purposes for Element79. Firstly, they lay the groundwork for resource development and future mine planning, marking essential milestones in the project’s evaluation process. Secondly, this data will steer the Company’s 2024 drill program, informed by comprehensive 3D modeling of geology and historic mine workings. This approach aims for precision and efficiency, utilizing a wealth of data including historical records dating back to 2005, current geochemistry data, underground mapping, and geophysical surveys. Tworek emphasizes the significance of this data in guiding future exploration efforts: “It delineates areas of economic strength and directs our focus for ore extraction, leveraging both past data and current findings.” Maverick Springs Project: A Silver Lining in Nevada Another gem in Element79’s portfolio is the Maverick Springs Project, located in the renowned gold mining district of northeastern Nevada, USA. With its proximity to the prolific Carlin Trend, Maverick Springs presents an exciting opportunity for Element79. The project is a silver-rich sediment/carbonate-hosted deposit, similar to the renowned silver-rich epithermal deposits found in Nevada. https://preview.redd.it/yfm8vpfzse0d1.png?width=977&format=png&auto=webp&s=ebd81bb32ac88335c0f8ea953e53c93f03eecd13 Elevating Community Relations In its ongoing commitment to community engagement, Element79 (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS0) orchestrated a strategic meeting with artisanal miners from Lomas Doradas. The goal? To cultivate collaborative ties, ensuring mutual support as the Company embarks on exploration efforts on surface land. Seeking exclusive agreements, Element79 aims for a unified approach to mineral extraction and sales, benefitting both parties. In a bid to solidify this partnership, Element79 proposed draft contracts. These agreements outline a decade-long surface access arrangement for exploration at the Lucero mine site, reciprocated by granting local miners access to defined locations for their operations. Additionally, Element79 pledges to facilitate optimal market pricing for Lomas Doradas’ ore, ensuring a steady revenue stream for both sides. In March, Element79’s swift response to a landslide in Chachas exemplified its dedication to community assistance. The team provided vital support, aiding in the transfer of stranded community members until roads were cleared. Embracing local traditions, Element79’s (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS0) community relations team joined in a traditional Water Ceremony alongside local authorities and leaders. This culturally rich event, steeped in Chachas tradition, underscores the Company’s commitment to meaningful engagement and integration. Throughout the year, Element79’s engagement in social awareness remains steadfast. Site visits and consultations with annex leaders bolster community support for ongoing exploration efforts. The Company advocates for a progressive approach, aligning with sustainable development goals and community interests. Conclusion Element79’s (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS0) commitment to responsible mining practices, coupled with its robust portfolio, positions it as a leader in the mining industry. The company’s dedication to sustainable development, strategic acquisitions, and community relations exemplify its commitment to maximizing shareholder value. As Element79 continues its exploration and development efforts, it remains steadfast in its commitment to responsible and sustainable mining practices. By leveraging its expertise and strategic acquisitions, Element79 is well-positioned to deliver value to its shareholders while contributing to the responsible development of the mining industry. |
2024.05.14 17:20 AdventurousSeeker192 Element79 Is Mapping the Path to High-Grade Operations (CSE:ELEM, OTC:ELMGF)
Element79 (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS0), a prominent player in the mining industry, is redefining the gold and silver market with its robust portfolio and innovative strategies. With its focus primarily on gold and silver, Element79 stands as a beacon in the mining industry, committed to delivering impressive results while adhering to the highest environmental and social standards. This article sheds light on Element79’s journey, its flagship projects, recent developments, and future prospects. https://preview.redd.it/3vdst9wsre0d1.png?width=977&format=png&auto=webp&s=da8aea7f887579d88a4b0892a197e7210d4acc2c About Element79 Element79 (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS0), a leading figure in the mining industry, has established itself as a pioneer in responsible mining practices. Its commitment to sustainable development and strategic acquisitions highlight Element79’s dedication to maximizing shareholder value. The company’s impressive portfolio features two flagship projects, the Lucero Property in Peru and the Maverick Springs Project in Nevada, both of which exhibit significant potential for high-grade operations. Lucero Property: The Goldmine in Peru Nestled in Arequipa, Peru, the Lucero Property is a high-grade gold and silver mine that stands as one of Element79’s flagship projects. With a rich history and immense potential for future development, Lucero is a testament to Element79’s commitment to mining excellence. Historically, the Lucero mine boasted impressive grades, with an average of 19.0g/t Au Equivalent (Au Eq) during its five years of production ending in 2005. Recent assays from underground workings in March 2023 have further validated the potential for a significant high-grade future operation. These assays yielded up to 11.7 ounces per ton of gold and 247 ounces per ton of silver, indicating a promising future for high-grade operations. https://preview.redd.it/8cysaqdmse0d1.png?width=977&format=png&auto=webp&s=7756efaf47b4d87d5eca194ee0dfac43d645410b Additional Assay Results Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS0) unveils additional findings from its recent underground and surface sampling efforts at the Lucero property, the cornerstone of its endeavors. James Tworek, CEO of Element79, underscores the significance of these results: “This data isn’t just promising; it’s pivotal. It forms the bedrock upon which we build our future at Lucero.” Out of 97 samples analyzed, 56 returned notable gold grades, with peaks at 8.55 g/t gold and 523 g/t silver, as shown in Table 1. Additionally, high concentrations of base metals were detected, affirming the project’s richness and reinforcing the Company’s confidence in its resource potential. These assay results serve dual purposes for Element79. Firstly, they lay the groundwork for resource development and future mine planning, marking essential milestones in the project’s evaluation process. Secondly, this data will steer the Company’s 2024 drill program, informed by comprehensive 3D modeling of geology and historic mine workings. This approach aims for precision and efficiency, utilizing a wealth of data including historical records dating back to 2005, current geochemistry data, underground mapping, and geophysical surveys. Tworek emphasizes the significance of this data in guiding future exploration efforts: “It delineates areas of economic strength and directs our focus for ore extraction, leveraging both past data and current findings.” Maverick Springs Project: A Silver Lining in Nevada Another gem in Element79’s portfolio is the Maverick Springs Project, located in the renowned gold mining district of northeastern Nevada, USA. With its proximity to the prolific Carlin Trend, Maverick Springs presents an exciting opportunity for Element79. The project is a silver-rich sediment/carbonate-hosted deposit, similar to the renowned silver-rich epithermal deposits found in Nevada. https://preview.redd.it/2k51cmxxse0d1.png?width=977&format=png&auto=webp&s=3470ff4372b44db51dc87ac84fb456c33ab1c11a Elevating Community Relations In its ongoing commitment to community engagement, Element79 (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS0) orchestrated a strategic meeting with artisanal miners from Lomas Doradas. The goal? To cultivate collaborative ties, ensuring mutual support as the Company embarks on exploration efforts on surface land. Seeking exclusive agreements, Element79 aims for a unified approach to mineral extraction and sales, benefitting both parties. In a bid to solidify this partnership, Element79 proposed draft contracts. These agreements outline a decade-long surface access arrangement for exploration at the Lucero mine site, reciprocated by granting local miners access to defined locations for their operations. Additionally, Element79 pledges to facilitate optimal market pricing for Lomas Doradas’ ore, ensuring a steady revenue stream for both sides. In March, Element79’s swift response to a landslide in Chachas exemplified its dedication to community assistance. The team provided vital support, aiding in the transfer of stranded community members until roads were cleared. Embracing local traditions, Element79’s (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS0) community relations team joined in a traditional Water Ceremony alongside local authorities and leaders. This culturally rich event, steeped in Chachas tradition, underscores the Company’s commitment to meaningful engagement and integration. Throughout the year, Element79’s engagement in social awareness remains steadfast. Site visits and consultations with annex leaders bolster community support for ongoing exploration efforts. The Company advocates for a progressive approach, aligning with sustainable development goals and community interests. Conclusion Element79’s (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS0) commitment to responsible mining practices, coupled with its robust portfolio, positions it as a leader in the mining industry. The company’s dedication to sustainable development, strategic acquisitions, and community relations exemplify its commitment to maximizing shareholder value. As Element79 continues its exploration and development efforts, it remains steadfast in its commitment to responsible and sustainable mining practices. By leveraging its expertise and strategic acquisitions, Element79 is well-positioned to deliver value to its shareholders while contributing to the responsible development of the mining industry. |
2024.05.14 17:15 homeincomes Fans are complaining about Lebron and AD's max contracts so I compared them to other stars in the Postseason.
2024.05.14 16:06 LavegaPro Xbox Unveils Second Wave of Game Pass Titles for May 2024
Xbox has announced the upcoming additions to Game Pass for the remainder of May and early June 2024. This second wave introduces a diverse selection of titles, doubling the number of games compared to the initial May lineup. submitted by LavegaPro to LavegaNews [link] [comments] One of the highlights of this wave is the inclusion of Senua’s Saga: Hellblade 2 at launch, fulfilling previous developer announcements. The full list of Game Pass titles scheduled for May 2024 includes:
Looking ahead to June 4, 2024, Firework and Rolling Hills are slated to join Game Pass, contributing to the platform's ongoing expansion. With a blend of AAA titles and indie gems like Galacticare, Hauntii, and Rolling Hills, this second wave aims to cater to a broad range of gaming preferences. By offering day-one launches for promising indie titles, Xbox hopes to attract casual subscribers and encourage exploration of smaller games within the Game Pass library. Last week, Sarah Bond reaffirmed that all first-party games, including Call of Duty, will continue to debut on Game Pass, further solidifying the platform's appeal to gamers of all interests. https://preview.redd.it/hq3o32jufe0d1.jpg?width=1116&format=pjpg&auto=webp&s=4d687f7d6c7404a5aecc2e7a88a09dbf41765407 Xbox #GamePass #NewTitles #GamingNews #SenuasSagaHellblade2 #IndieGames #AAA #June2024 #Expansion |
2024.05.14 15:17 MightBeneficial3302 Element79 Gold Corp Reports Exceptionally High-Grade Results from Lucero (CSE:ELEM, OTC:ELMGF)
Additional High-Grade Values Continue to Support the Project’s Robust Potential submitted by MightBeneficial3302 to WallStreetbetsELITE [link] [comments] VANCOUVER, BC / TheNewswire / May 14, 2024 – Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) ("Element79", the "Company”) reports additional assay results from underground sampling at its flagship Lucero property, Peru, including samples up to 98 g/t gold and 2,034 g/t silver (sample 2508). https://preview.redd.it/yypm56ci6e0d1.png?width=350&format=png&auto=webp&s=33b0a6406c8599cda72ddeb16972b5f272430aec Key Highlights: Significant Mineral Endowment : A total of 455 samples underground channel samples have been collected from this latest phase, representing nearly 600 kg (620kg) of mineralization and 650 kg of wall rock, underwent comprehensive analysis by our partners at Ore Discovery and unveiled significant exploration potential. Notably, results in 115 samples returned substantial values in gold (Au) (ranging from 1.0 g/t to 98.1 g/t), silver (Ag) (ranging from 0.7 g/t to 3,026 g/t), lead (Pb) (as high as 2.0%) and zinc (Zn) (up to 3.5%), highlighting the robust potential of Lucero’s mineral endowment. High-Grade Mineralization: Among these, 17 samples exhibited gold values surpassing 10 g/t, with 8 samples exceeding 20 g/t, and 51 samples boasting silver values exceeding 100 g/t Ag. Of particular significance are 15 high-grade samples with values ranging from 12.65g/t to an impressive 98.1g/t of Au, and remarkable silver values of 62.1 g/t to 3,026 g/t and up 3.24% Zn. These findings reaffirm the potential for exceptional high-grade mineralization. Geochemistry total Statistics: Total of 455 samples, 58% has grades over 0.1 g/t Au; 26% has grades over 1 g/t Au; and 9% has grades over 5 g/t Au. Notably most of grades below 0.1 g/t Au correspond to wall rock (foot or hanging wall). Table 1. Channel Sample gold grade statistics https://preview.redd.it/6rbt1wvi6e0d1.png?width=285&format=png&auto=webp&s=8d20bbcc0e7bda0c9bc4dd770b1bae3dda25e8cd Table 2. Samples returning >5.0 g/t gold from underground channel sampling. https://preview.redd.it/qib2l7wx6e0d1.png?width=809&format=png&auto=webp&s=db33a458272996e0af426c8ec3ecc10371806159 https://preview.redd.it/i5a5ek8y6e0d1.png?width=806&format=png&auto=webp&s=4b797e1d8181534d0e6305a6947abb2ec7f32c22 https://preview.redd.it/x5m2qr8z6e0d1.png?width=800&format=png&auto=webp&s=6b820aab50fe07d924e3b52278e2ce356ea00564 Figure 1. Winter 2024 sample locations (this new release, red stars) and fall 2023 Sample locations (yellow stars) which were previously released (see news release April 23, 2023) mapped workings (crosses), with selected samples highlighted (black 2024 and grey 2023). https://preview.redd.it/28thz5a17e0d1.png?width=800&format=png&auto=webp&s=d0a4fbdf4c8039ca8c19625f964b28a60f1b373d Figure 2. Lithology map with veins and samples over 1g/t Au within the project; Apacheta and Pillune areas. Next Steps: With this latest exceptional assay data, Element79 is poised for strategic advancement. These results transcend routine exploration work, they are pivotal markers demonstrating the Lucero project’s tangible promise and potential, serving as the bedrock for our forthcoming drill plans and resource estimation. “As we delve deeper into both contemporary and historical data, we witness the unfolding story of Lucero’s vast potential,” said James Tworek, CEO and Director of Element79. “Harnessing the comprehensive dataset will allow Element79 to set new standards in its exploration methodology.” Qualified Person The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Director of Element79 Gold and a "qualified person" as defined by National Instrument 43-101. About Element79 Gold Corp. Element79 Gold is a mining company focused on gold and silver committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's focus is on developing its past-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to restart production in 2024. The Company also holds a portfolio of 5 properties along the Battle Mountain trend in Nevada, with the Clover and West Whistler projects believed to have significant potential for near-term resource development. Three properties in the Battle Mountain Portfolio are under contract for sale to Valdo Minerals Ltd., with an anticipated closing date in the first half of 2024. The Company has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, and has recently announced that it has transferred this project to its wholly owned subsidiary, Synergy Metals Corp, and is advancing through the Plan of Arrangement spin-out process. For more information about the Company, please visit www.element79.gold Contact Information For corporate matters, please contact: James C. Tworek, Chief Executive Officer E-mail: [jt@element79gold.com](mailto:jt@element79gold.com) For investor relations inquiries, please contact: Investor Relations Department Phone: +1.403.850.8050 E-mail: [investors@element79.gold](mailto:investors@element79.gold) |
2024.05.14 15:17 MightBeneficial3302 Element79 Gold Corp Reports Exceptionally High-Grade Results from Lucero (CSE:ELEM, OTC:ELMGF)
Additional High-Grade Values Continue to Support the Project’s Robust Potential submitted by MightBeneficial3302 to pennystocks [link] [comments] VANCOUVER, BC / TheNewswire / May 14, 2024 – Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) ("Element79", the "Company”) reports additional assay results from underground sampling at its flagship Lucero property, Peru, including samples up to 98 g/t gold and 2,034 g/t silver (sample 2508). https://preview.redd.it/8nuv5qce6e0d1.png?width=350&format=png&auto=webp&s=1dd88b224db3f0afbbf6f21d707aadd1995f7986 Key Highlights: Significant Mineral Endowment : A total of 455 samples underground channel samples have been collected from this latest phase, representing nearly 600 kg (620kg) of mineralization and 650 kg of wall rock, underwent comprehensive analysis by our partners at Ore Discovery and unveiled significant exploration potential. Notably, results in 115 samples returned substantial values in gold (Au) (ranging from 1.0 g/t to 98.1 g/t), silver (Ag) (ranging from 0.7 g/t to 3,026 g/t), lead (Pb) (as high as 2.0%) and zinc (Zn) (up to 3.5%), highlighting the robust potential of Lucero’s mineral endowment. High-Grade Mineralization: Among these, 17 samples exhibited gold values surpassing 10 g/t, with 8 samples exceeding 20 g/t, and 51 samples boasting silver values exceeding 100 g/t Ag. Of particular significance are 15 high-grade samples with values ranging from 12.65g/t to an impressive 98.1g/t of Au, and remarkable silver values of 62.1 g/t to 3,026 g/t and up 3.24% Zn. These findings reaffirm the potential for exceptional high-grade mineralization. Geochemistry total Statistics: Total of 455 samples, 58% has grades over 0.1 g/t Au; 26% has grades over 1 g/t Au; and 9% has grades over 5 g/t Au. Notably most of grades below 0.1 g/t Au correspond to wall rock (foot or hanging wall). Table 1. Channel Sample gold grade statistics https://preview.redd.it/9ubgokyf6e0d1.png?width=285&format=png&auto=webp&s=f1e33b01bb61f92ef70803a7497695d4f191a524 Table 2. Samples returning >5.0 g/t gold from underground channel sampling. https://preview.redd.it/rj9movmu6e0d1.png?width=809&format=png&auto=webp&s=37f085fb648639ba33665eea1b749b8da916fef2 https://preview.redd.it/kw62g8ov6e0d1.png?width=806&format=png&auto=webp&s=dd9aa349f187dcfa7cb743d4f4445f9713bb0e72 https://preview.redd.it/8mq6749w6e0d1.png?width=800&format=png&auto=webp&s=2b63274e42a994e36fe06e7469b8ca68803176bc Figure 1. Winter 2024 sample locations (this new release, red stars) and fall 2023 Sample locations (yellow stars) which were previously released (see news release April 23, 2023) mapped workings (crosses), with selected samples highlighted (black 2024 and grey 2023). https://preview.redd.it/urq5bwt07e0d1.png?width=800&format=png&auto=webp&s=5ed70871a16651949bc7858e994df2f9ac11716d Figure 2. Lithology map with veins and samples over 1g/t Au within the project; Apacheta and Pillune areas. Next Steps: With this latest exceptional assay data, Element79 is poised for strategic advancement. These results transcend routine exploration work, they are pivotal markers demonstrating the Lucero project’s tangible promise and potential, serving as the bedrock for our forthcoming drill plans and resource estimation. “As we delve deeper into both contemporary and historical data, we witness the unfolding story of Lucero’s vast potential,” said James Tworek, CEO and Director of Element79. “Harnessing the comprehensive dataset will allow Element79 to set new standards in its exploration methodology.” Qualified Person The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Director of Element79 Gold and a "qualified person" as defined by National Instrument 43-101. About Element79 Gold Corp. Element79 Gold is a mining company focused on gold and silver committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's focus is on developing its past-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to restart production in 2024. The Company also holds a portfolio of 5 properties along the Battle Mountain trend in Nevada, with the Clover and West Whistler projects believed to have significant potential for near-term resource development. Three properties in the Battle Mountain Portfolio are under contract for sale to Valdo Minerals Ltd., with an anticipated closing date in the first half of 2024. The Company has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, and has recently announced that it has transferred this project to its wholly owned subsidiary, Synergy Metals Corp, and is advancing through the Plan of Arrangement spin-out process. For more information about the Company, please visit www.element79.gold Contact Information For corporate matters, please contact: James C. Tworek, Chief Executive Officer E-mail: [jt@element79gold.com](mailto:jt@element79gold.com) For investor relations inquiries, please contact: Investor Relations Department Phone: +1.403.850.8050 E-mail: [investors@element79.gold](mailto:investors@element79.gold) |
2024.05.14 14:16 ReportsStack Flame Retardant Thermoplastics Market Size, Key Trends & Projected Growth Report from 2024 to 2030
2024.05.14 14:02 Efficient_Soup7691 Beyond Words: Choosing the Right Translator for Your Specialized Documents
https://preview.redd.it/kgygx4wntd0d1.jpg?width=400&format=pjpg&auto=webp&s=36c16944b2529b44d407f02c83ad9be99c9b20ad submitted by Efficient_Soup7691 to u/Efficient_Soup7691 [link] [comments] In our increasingly interconnected world, the need for accurate and nuanced document translation is crucial, especially for specialized fields. Whether you're dealing with complex medical reports, intricate engineering documents, or sensitive legal contracts, choosing the right translator can make all the difference. A skilled translator ensures your message is not only understood, but also preserves the technical accuracy and professional tone essential for your field. Why a Specialist MattersWhile language proficiency is important, general translators may not possess the specialized knowledge and terminology required for specific fields. Imagine the potential consequences of a mistranslated medical term in a patient report or an inaccurate technical specification in an engineering document. Here's where a specialized translator comes in:
Finding the Perfect Match: Key ConsiderationsChoosing the right specialized translator requires careful consideration. Here are some factors to keep in mind:
Beyond Qualifications: Building TrustWhile qualifications are important, it's also crucial to build trust with your translator. Here's how:
Investing in Quality: The Long-Term BenefitChoosing a specialized translator may seem like an additional cost, but it's an investment in accuracy, professionalism, and ultimately, successful communication. Precise translations can help avoid costly errors, delays, and potential legal ramifications. |
2024.05.14 14:01 Zappingsbrew A post talking about 400 words
2024.05.14 13:43 Soninetz ThirstySprout Hire Technical Talent Revolutionizing Hiring
Looking to hire top-tier technical talent? ThirstySprout is your go-to solution. Say goodbye to endless searches and mediocre candidates. Our platform connects you with qualified candidates who fit your company like a glove in an efficient manner. Skip the hassle and find your perfect match effortlessly with ThirstySprout. submitted by Soninetz to NutraVestaProVen [link] [comments] Useful Links: Key Takeaways
Simplifying the Hiring ProcessStreamline ProcessThirstysprout aims to streamline the candidate selection process by implementing efficient recruitment strategies. By utilizing advanced tools and techniques, they ensure that only the most qualified individuals are considered for each position.This approach not only saves time but also ensures that the right candidates are identified at the right time. Thirstysprout believes in presenting the unvarnished truth to candidates, providing transparency and clarity throughout the hiring process. https://preview.redd.it/k3zvpysbqd0d1.png?width=942&format=png&auto=webp&s=88069e4856703b04d8bda4a44f09f98522d80962 Unlock the potential of your engineering team with ThirstySprout's AI technology. Get started with our free trial today! 🔍 Tailored SolutionsThirstysprout offers tailored hiring solutions that cater to the unique needs of any organization. Whether you're a small startup or a large corporation, they have strategies in place to help any company find the perfect fit for their team.Their focus on customization means that they can adapt to the specific requirements of each client, ensuring that self-growth and development opportunities are maximized for both employers and employees. Leveraging AI for Efficient MatchingPrecise Talent MatchingAI technology enables thirstysprout to match candidates with job requirements in an efficient manner. By analyzing vast amounts of data, AI algorithms can identify the most suitable candidates for specific roles accurately.Enhanced Candidate SourcingUsing AI, thirstysprout can streamline the candidate sourcing process. Automated algorithms quickly scan through resumes, pinpointing individuals whose skills and experiences align closely with the job description. This results in a faster and more targeted recruitment process.Improved Hiring AccuracyAI-powered tools utilized by thirstysprout enhance hiring accuracy by eliminating biases and human errors. These tools evaluate candidates based on objective criteria, ensuring that only the most qualified individuals are selected for further consideration.Building High-Performing Tech TeamsFoster CollaborationEncouraging collaboration among technical teams is crucial for achieving synergy and maximizing productivity. By fostering open communication channels and promoting a culture of sharing ideas, teams can work together seamlessly towards common goals.Cultivate InnovationNurturing a culture of innovation within tech teams drives creativity and ensures that they stay ahead in the rapidly evolving tech landscape. Providing opportunities for team members to experiment with new technologies and approaches fosters a mindset of continuous improvement.Enhance PerformanceImproving team performance through upskilling initiatives is essential for meeting the demands of several projects. Offering training programs tailored to the needs of the team not only enhances their technical skills but also boosts their confidence in tackling urgent feature development tasks effectively.Useful Links: Comprehensive Hiring SolutionsDiverse OptionsCompanies seeking qualified candidates can explore various hiring avenues. From traditional job boards to specialized tech recruitment platforms, the options are vast. Leveraging social media and professional networking sites can also attract top talent.End-to-End ServicesFor a seamless recruitment process, companies can opt for services that cover the entire hiring cycle. These services include candidate sourcing, screening, interviewing, and onboarding. By outsourcing these tasks to experts, companies can focus on their core operations.Flexible Staffing SolutionsTo cater to different needs, companies can choose from flexible staffing solutions. This includes temporary hires for project-based work or contract-to-hire arrangements for long-term roles. Such flexibility allows companies to scale their teams based on project demands.Why Choose ThirstySproutTop TalentThirstySprout allows you to access top technical talent quickly. By leveraging their platform, you can tap into a pool of skilled professionals ready to contribute to your projects.Industry ExpertiseBenefit from industry-specific expertise when you choose ThirstySprout for your hiring needs. Their platform is designed to connect you with candidates who possess the specialized knowledge required in your field.Proven SuccessTrust a proven platform with a high success rate like ThirstySprout. With a track record of successful placements, you can rely on their services to find the right technical talent for your organization.SummaryIn your quest to hire technical talent, ThirstySprout offers a streamlined process, powered by AI technology, to match you with top-notch professionals and build high-performing tech teams efficiently. With comprehensive hiring solutions tailored to your needs, choosing ThirstySprout means gaining a competitive edge in the talent acquisition landscape.Ready to revolutionize your hiring strategy? Take the first step towards assembling your dream tech team by partnering with ThirstySprout today! Stop wasting time on endless resumes. Try ThirstySprout's AI-powered hiring platform for free and find your next tech superstar! 💡 Frequently Asked QuestionsHow does ThirstySprout simplify the hiring process?ThirstySprout streamlines hiring by utilizing advanced AI algorithms to match technical talent with companies efficiently. Our platform automates the screening and selection process, saving time and ensuring a seamless recruitment experience.What sets ThirstySprout apart in leveraging AI for efficient matching?ThirstySprout stands out by employing cutting-edge AI technology that precisely matches technical talent based on skillset, experience, and company culture fit. This ensures that both employers and candidates find ideal matches quickly and effortlessly.How does ThirstySprout help in building high-performing tech teams?ThirstySprout assists in building high-performing tech teams by connecting companies with top-tier technical talent that aligns with their specific requirements. Our platform focuses on quality matches, leading to teams that excel in productivity and innovation.What comprehensive hiring solutions does ThirstySprout offer?ThirstySprout provides end-to-end hiring solutions, including candidate sourcing, screening, interviewing, and onboarding support. Our platform covers all aspects of the recruitment process to ensure a seamless experience for both employers and job seekers.Why should I choose ThirstySprout for hiring technical talent?Choose ThirstySprout for unparalleled expertise in matching technical talent with companies efficiently. Our commitment to precision, speed, and quality ensures that you find the perfect fit for your team, driving success and growth in your organization.Useful Links: |
2024.05.14 13:07 Soninetz ThirstySprout Pricing: Unveiling Value & Model
Are you tired of searching high and low for the best pricing options for ThirstySprout? Dive into this comprehensive guide to unlock the secrets of ThirstySprout pricing, sourcing, and product. Get ready to discover cost-effective solutions that will elevate your business without breaking the bank efficiently. Say goodbye to endless browsing and hello to simplified pricing strategies tailored just for you. submitted by Soninetz to NutraVestaProVen [link] [comments] Useful Links: Key Takeaways
Understanding ThirstySprout's ValueHiring SolutionsThirstySprout offers comprehensive hiring solutions that cater to a wide range of recruitment needs. Whether a company is looking for full-time employees, part-time staff, or freelancers, ThirstySprout's platform provides the tools and resources to streamline the hiring process efficiently.The platform's user-friendly interface allows businesses to post job listings easily and reach a large pool of qualified candidates. ThirstySprout's advanced matching algorithms help connect employers with the most suitable candidates based on their skills, experience, and preferences. https://preview.redd.it/2pt3nduvjd0d1.png?width=988&format=png&auto=webp&s=ddc56ff3e2d3f80ea19bccb3616085227c084614 Don't settle for mediocre talent. Experience the power of AI-driven hiring with ThirstySprout. Sign up now for your free trial! 💼 Candidate Screening ProcessThirstySprout's candidate screening process is powered by advanced algorithms that analyze resumes, cover letters, and other relevant information to identify top talent quickly. This automated screening process saves time for recruiters and ensures that only the most qualified candidates are presented for further consideration.By leveraging technology to streamline the initial screening stages, ThirstySprout enables businesses to focus their efforts on interviewing and evaluating the best candidates for the job. This approach increases efficiency and improves the overall quality of hires made through the platform. Flexible Staffing OptionsThirstySprout empowers businesses with flexible staffing options to meet specific talent requirements. Whether a company needs temporary workers for a short-term project or long-term contractors for ongoing support, ThirstySprout provides access to a diverse pool of skilled professionals.Companies can adjust their staffing levels based on fluctuating workloads or seasonal demands without being tied down by traditional employment contracts. This flexibility allows businesses to scale their workforce up or down as needed, ensuring they have the right talent in place at all times. Fast and Effective HiringQuick PairingThirstySprout revolutionizes hiring by swiftly connecting clients with top development talent. The platform's efficient algorithms match businesses with skilled developers in a short period, ensuring prompt project commencement.ThirstySprout's focus on efficient development resources allows companies to source high-quality candidates without the usual delays. By leveraging cutting-edge technology, the platform significantly reduces the time spent on recruitment, enabling businesses to meet project deadlines effectively. Streamlined ProcessThirstySprout's commitment to successful waiting minimizes the traditional challenges of hiring. Through rigorous verification processes, the platform ensures that only the most qualified developers are presented to clients for consideration. This stringent vetting process guarantees that businesses receive top-tier talent promptly.
Flexible Pricing OptionsDirect HireThirstySprout offers a wide array of pricing options to cater to diverse business needs. For companies seeking long-term staffing solutions, the Direct Hire model provides a cost-effective way to onboard full-time employees.Contract/ContingentBusinesses looking for flexible staffing arrangements can opt for ThirstySprout's Contract/Contingent services. This model allows companies to scale their workforce up or down based on project requirements, ensuring optimal resource utilization.Offshore StaffingThirstySprout's Offshore Staffing services enable businesses to tap into a global talent pool, accessing skilled professionals from around the world. This model offers cost savings while maintaining high-quality deliverables.Fractional RecruiterBy hiring a fractional recruiter through ThirstySprout, companies can benefit from expert recruitment services on a part-time basis. This option is ideal for businesses that require top-tier talent acquisition expertise without the commitment of a full-time hire.Recruitment Process Outsourcing (RPO)ThirstySprout's RPO services allow businesses to outsource their entire recruitment process to a dedicated team of experts. This approach streamlines the hiring process, improves efficiency, and ensures access to great talent across different industries.Unique Hiring SolutionsAI Sourcing EngineThirstySprout revolutionizes hiring with its Global AI Sourcing Engine, connecting companies with top technical talent worldwide. This cutting-edge technology streamlines the recruitment process, ensuring access to the right development talent efficiently.The platform's AI algorithms analyze vast talent pools to match companies with the most suitable candidates for their projects. By leveraging this advanced system, businesses can swiftly assemble skilled technical teams for their urgent feature development needs. Upskilling InitiativesThirstySprout goes beyond traditional hiring by offering upskilling initiatives to enhance the expertise of existing teams. Through tailored learning opportunities such as courses and workshops, employees can refine their technical skill sets and stay ahead in the fast-paced world of software development.The platform's focus on continuous learning not only benefits individual professionals but also strengthens entire companies by fostering a culture of innovation and growth. By investing in upskilling, organizations can boost productivity, drive creativity, and tackle complex projects with confidence. Why Choose ThirstySproutTestimonialsClients praise ThirstySprout for its efficient hiring processes and top-tier talent pool. They highlight the company's commitment to finding the perfect match for their needs.TrustworthinessThirstySprout stands out for its trustworthiness, ensuring that businesses receive reliable and skilled professionals. Clients appreciate the company's dedication to quality and integrity.Collaboration EaseClients value ThirstySprout's ease of collaboration, making the process smooth and hassle-free. The platform fosters open communication, leading to successful partnerships.Quality ResourcesThirstySprout excels in connecting businesses with quality resources, enabling them to access top-notch talent for their projects. Clients rely on the platform for exceptional results.Swift Developer PlacementWith a focus on meeting clients' feature development needs, ThirstySprout has a track record of placing seasoned developers quickly. This agility ensures timely project delivery and client satisfaction.Final RemarksIn a nutshell, ThirstySprout offers unbeatable value with its fast, effective, and flexible hiring solutions. By choosing ThirstySprout, you gain access to unique hiring strategies that can revolutionize your recruitment process. The platform's innovative approach ensures that you find the right candidates quickly and efficiently, saving you time and resources while enhancing your team with top-tier talent.Ready to elevate your hiring game? Take the plunge with ThirstySprout today and experience a new era of recruitment success. Your dream team is just a click away! Elevate your hiring game with ThirstySprout's cutting-edge AI solutions. Take advantage of our free trial offer now! 🌟 Frequently Asked QuestionsWhat makes ThirstySprout's pricing options unique?ThirstySprout offers tailored pricing solutions to fit your hiring needs, ensuring cost-effectiveness and flexibility. With transparent pricing models and no hidden fees, you can choose a plan that aligns perfectly with your budget and requirements.How does ThirstySprout ensure fast and effective hiring?ThirstySprout streamlines the hiring process by leveraging cutting-edge technology and a vast network of top-tier candidates. Our efficient platform allows you to connect with qualified talent swiftly, reducing time-to-hire and ensuring you find the perfect match for your team.What value does ThirstySprout bring to businesses?ThirstySprout provides unparalleled value by offering innovative hiring solutions that save time and resources. With access to a diverse pool of skilled professionals, businesses can enhance their teams' capabilities, drive growth, and achieve their goals efficiently.Why should I choose ThirstySprout over other recruitment platforms?ThirstySprout stands out for its commitment to delivering exceptional results through personalized service and advanced technology. By choosing us, you gain access to a dedicated team of experts who prioritize your success, making the hiring process seamless and rewarding.Can ThirstySprout cater to specific hiring needs?Yes, ThirstySprout specializes in providing customized hiring solutions tailored to meet your unique requirements. Whether you need temporary staff, full-time employees, or specialized talent for project-based work, we have the expertise and resources to support your diverse hiring needs effectively.Useful Links: |
2024.05.14 12:52 Soninetz VIVAHR Reviews: Features, What Do People Say?
Did you know that 85% of job seekers, applicants and reviewers, read online reviews before deciding to apply? When it comes to finding the right hiring platform for jobs, applicants, and mobile app, understanding real user experiences is crucial. Dive into our comprehensive review of Vivahr, where we dissect its features, benefits, and drawbacks. Discover how this platform can revolutionize your recruitment process and streamline your hiring efforts. Stay informed, make smarter decisions, and unlock the potential of Vivahr for your business. submitted by Soninetz to NutraVestaProVen [link] [comments] Useful Links: Key Takeaways
Overview of VIVAHR SolutionsBackground and MissionVIVAHR, founded in 2018, aims to revolutionize the recruitment process through innovative HR technology. The company's mission centers on streamlining hiring processes for businesses of all sizes.Target Audience and IndustriesSmall to medium-sized enterprises (SMEs) seeking efficient hiring solutions are the primary target audience for VIVAHR. Industries such as tech, healthcare, and retail benefit significantly from its user-friendly platform.https://preview.redd.it/2627xgx6hd0d1.png?width=927&format=png&auto=webp&s=fdef97187928cb4f56b0a845733dcee728335c01 Streamline your hiring process with VIVAHR! Try it free today 🚀 Core Functionalities and Unique Selling Points
Key Features and BenefitsUnique FeaturesVIVAHR stands out with customizable job postings and automated applicant tracking, streamlining the hiring process. Its intuitive dashboard offers a user-friendly experience.Direct User BenefitsUsers enjoy the convenience of centralized candidate management and collaborative tools, enhancing team communication. The platform's notes feature allows for efficient candidate evaluation.Comparison to Traditional MethodsCompared to traditional recruitment, VIVAHR provides a more cost-effective solution, reducing time-to-hire by up to 50%. Its robust customer support ensures a smooth experience for businesses of all sizes.Analyzing VIVAHR ReviewsOverall SentimentUsers' reviews on VIVAHR generally express satisfaction with its user-friendly interface and efficient recruitment process. Many users appreciate the platform's seamless integration of various hiring tools.Pros and Cons
Real-Life TestimonialsHR Manager:One HR manager mentions that VIVAHR has significantly reduced their time spent on recruitment tasks, allowing them to focus more on strategic HR initiatives.Small Business Owner:A small business owner praises VIVAHR for simplifying their hiring process and helping them find qualified candidates quickly, ultimately saving time and resources.Recruiter:A recruiter highlights the platform's intuitive design, which has made it easier for them to manage multiple job listings efficiently.VIVAHR Alternatives for ComparisonFeaturesVIVA offers robust applicant tracking, customizable workflows, and interview scheduling. Alternative platforms like BambooHR provide similar features with additional employee management tools.BambooHR streamlines onboarding and performance management, while VIVA focuses more on recruitment processes. Both platforms offer integration capabilities with other HR tools. PricingWhen comparing VIVA's pricing, it follows a subscription-based model starting at $49 per month. In contrast, Zoho Recruit provides a more cost-effective solution with plans starting at $25 per month.Zoho Recruit's affordability may be appealing to small businesses or startups looking for budget-friendly options without compromising essential features. User ExperiencesUsers of VIVAHR appreciate its user-friendly interface and customer support. However, some users find the pricing slightly higher compared to similar platforms like Workable.Workable offers advanced reporting features and a seamless candidate experience, which might sway users seeking more comprehensive analytics and engagement tools. Understanding VIVAHR PricingPricing StructureVIVAHR offers transparent pricing tailored to various user needs, ensuring flexibility for businesses of all sizes. The pricing tiers are designed to accommodate startups, small businesses, and enterprises.The basic plan includes essential features like applicant tracking and job posting at an affordable rate. As users scale up, they can access advanced functionalities such as custom hiring workflows and team collaboration tools in higher-tier plans. Alignment with Software CapabilitiesThe pricing of VIVAHR correlates with the software's capabilities, guaranteeing that users pay for the features they require. Users can upgrade or downgrade their plans based on changing needs, ensuring cost-effectiveness and resource optimization.Users benefit from a clear understanding of what each plan offers, allowing them to make informed decisions about their investment in VIVAHR. Additional Costs and FeesWhile VIVAHR provides transparent pricing, users should be aware of potential additional costs such as integration fees for third-party software or customization services beyond the standard offerings.However, the platform eliminates hidden fees by clearly outlining any extra charges upfront, enabling users to budget effectively without unexpected expenses. SummaryYou've gained a comprehensive understanding of VIVAHR Solutions, its key features, benefits, reviews, alternatives, and pricing. By analyzing all these aspects, you're now equipped to make an informed decision that aligns with your recruitment needs. Remember to consider factors like ease of use, integration capabilities, and cost when choosing the right HR software for your business. Keep exploring different options to find the perfect fit for streamlining your hiring process efficiently.Take the hassle out of hiring with VIVAHR's job posting platform. Sign up for free now! 💻 Frequently Asked QuestionsWhat is VIVAHR Solutions?VIVAHR Solutions is a comprehensive recruitment software designed to streamline the hiring process. It offers tools for job posting, applicant tracking, and interview scheduling to help businesses find the right candidates efficiently.What are the key features of VIVAHR?VIVAHR provides features like customizable job postings, candidate management, interview scheduling, and team collaboration. Its user-friendly interface, automated workflows, and analytics tools enhance recruitment efficiency and decision-making processes.How do VIVAHR reviews help in decision-making?Analyzing VIVAHR reviews gives insights into user experiences with the platform's functionality, customer support, and overall satisfaction. Positive reviews highlight strengths while negative feedback points out areas for improvement, aiding in informed decision-making for potential users.What alternatives can be considered alongside VIVAHR?For comparison purposes, other recruitment software alternatives like Workable, Greenhouse, Lever, and JazzHR can be evaluated. Each platform has unique features and pricing structures that cater to different business needs and preferences.How is VIVAHR pricing structured?VIVAHR offers transparent pricing plans based on company size and requirements. Pricing tiers typically include essential features such as job postings, applicant tracking, and customer support. Customizable options may be available for additional functionalities or enterprise-level solutions.Useful Links: |
2024.05.14 12:51 MOMSHIEANN Big Excitement, Bigger Wins! Chase the Mega Jackpot at Hugewin's Casino Games
2024.05.14 12:40 Specialist_Bake6514 Vapiano P3: Italian Food Made in Germany
The kitchen is on fire. Welcome to the final part of the Vapiano story where the tables are turning. In the first two episodes we followed Mark Korzilius' journey from setbacks to founding Vapiano, a groundbreaking restaurant concept, highlighting its fresh ingredients, dynamic atmosphere, and data-driven operations that drove rapid success. While achieving initial profitability and garnering attention from industry giants like McDonald's, Vapiano's global expansion has led to stellar revenue growth. However, it has also resulted in the emergence of numerous side projects (or distractions), operational challenges, increased costs, significant investments, and a notable accumulation of debt. This underscores the prioritization of top-line growth over profitable growth. We will continue on this thread and see how the story ends, but I would encourage you to read part one and two for better context. Vapiano P1: Italian Food Made in Germany (substack.com). Let's dig in. submitted by Specialist_Bake6514 to unpackbusinesses [link] [comments] Before Going Public We are now in 2015 and the year is a disaster for Vapiano's PR department. Employee time stamps are being manipulated, endless overtime for employees and high turnover in managerial roles are reported; mice in the kitchen and even rotten food allegedly found. The company is confronted with allegations of exceeding working hours among trainees in an article published by Welt am Sonntag, while the same outlet accuses Vapiano of manipulating punch times. The auditing firm PwC is commissioned to investigate the allegations and finds that there is no systematic approach but rather misconduct by individual employees, a mistake that’s being corrected. Internal however, investigations into stamp times are carried out regularly now and beyond its obvious reputational impact, this sucks up valuable management time and attention. In the summer of 2015 CEO, co-founder and investor Gregor Gerlach, who has been running the group since 2011 is stepping down and Jochen Halfmann is taking over. A new Vapiano People Program with an App is being developed with the aim to better interact with customers that will incorporate innovate features such as mobile pay. The German website sees a launch of new magazine to further promote the brand and there is now a full inhouse blogger and Instagram team being installed. In October the company buys seven restaurants from original co-founder, former co-investor and ex-president previously responsible for internation expansion Kent Hahne (2x Bonn, 3x Cologne, 1x Koblenz and one in Cologne that’s under construction). This package of Vapiano restaurants is very successful and generates net sales of more than 20 million euros in 2014. Hahne opened his first Vapiano restaurant in Cologne in August 2006 and in 2015 with his company apeiron AG, Hahne operates six L'Osteria franchise restaurants, a direct Vapiano competitor, and two self-owned restaurants GinYuu. Then in November of 2015, the next public relations bomb goes off with allegations regarding the company's quality standards. The company immediately investigates the issue through internal and external specialists but finds no evidence of any quality issues. Nevertheless, knowing that the group is now being closely watched, the company’s already in place hygiene standards are being reinforced. Additional audits and inspections are performed nationally. Further, all Vapianos worldwide are being audited twice by the partners SGS Institut Fresenius and SAI Global. Auditing software is purchased to simplify the implementation of the audits and the resulting measures. Apart from the external examinations, there is a food sampling plan in place being performed continuously. Again, all of this sucks up costs, management time and attention. With all these tumultuous developments the company’s growth engine is undeterred. Revenue grows by a whopping 50 million euros to 202 million euros, an increase of 33%. Impressive. While average spent per customer increases in all countries, the number of customers per day in Germany decreases by 3.3% partially due to the negative press towards the end of the year. Five own, four JV and 19 new franchise restaurants are added that year to the group, the total number of own managed restaurants grows to 51, there are 31 JVs and 84 franchises which bringing the total to 166 Vapiano restaurants. Global restaurant sales are now above 400 million euros. But while revenue grows by an astronomical 50 million euros, operating profits, alarmingly, shrink again. Gross margins are staying perfectly healthy above 75% but operating costs keep growing disproportionately fast. The Company’s outstanding debt jumps by almost 30 million, close to 85 million euros by the end of the year. With operating profits at 9.5 million euros, alarm bells should be going off right now. In Q4 of 2015, new CEO Jochen Halfmann introduces Strategy 2020. The new strategy includes five essential points. One, profitable growth in the newly defined core markets of Germany and Austria as well as in the UK, Netherlands, France and USA. Two, operational excellence through strict “best practice” management. Three, further development and digitalization of the concept considering guest feedback. Four, greater focus on long-term employee retention and five, building a modern and sustainable IT landscape. Sound’s good on paper but let’s see how things pan out. Vapiano's investments (capital expenditures) that year are primarily directed towards new restaurant openings, renovations of existing establishments, and share acquisitions in other Vapiano restaurants from franchisees or JV partners. A significant portion of funds is allocated to the digitalization of the guest experience, including the development of a new app scheduled for market release in 2016 and the implementation of a time recording system across all group restaurants. The world's first standalone Vapiano restaurant with a delivery service that year is built in Fürth, Germany. The company keeps expanding its presence in both inner-city locations and international markets, such as Shanghai, China. To finance all of this, the group has its own operating cash flow which comes in at 18 million while capital expenditures are 26 million euros plus 14 million for acquisitions. The funding gab is filled with 26 million euros of new debt and a seven-million-euro equity raise. At that end of the year and after the equity raise Gregor Gerlach (through his AP Leipzig GmbH & Co. KG entity) holds 30.1%, Hans-Joachim and Gisa Sander through their Exchange Bio GmbH hold 25.5% and the Tchibo heirs, Herz through their Mayfair Beteiligungsfonds II GmbH & Co. KG hold 44,4%. But for the first time the restaurant’s concept that was so successful to date is being questioned. Some customers are starting to mislike the operational flow of the concept itself. If you want pasta, you must queue for pasta. If you want pizza you stand in a different queue. A small side salad, yet another queue. "You spend more time carrying trays than an actress in Berlin-Mitte. The audience in the pasta limbo can only consist of people who have worked for an insurance company for a long time and, like Stockholm syndrome, they can no longer get away from the industrial canteen feeling," writes TV host Beisenherz provocatively. While overly harsh in his assessment he's not entirely wrong judging by customers venting their frustrations in forums and social media channels. It isn’t uncommon for those who ordered pizza to have already finished eating while there is little movement in the pasta queue. Long term that doesn't go down well, QSRs competitors like L’Osteria are handling this process differently, with much success. https://preview.redd.it/6cas01oked0d1.png?width=1200&format=png&auto=webp&s=2da6e0b4bc0e07dbee558de412feb414cd598d4a Tipping PointWhere are now in the year 2016 and things start to deteriorate visibility. Perhaps not for the leman’s eye but any business minded observer can see that there are problems under the hood. Yes, revenue grows yet another whopping 50 million to almost 250 million euros but half of that growth, comes from acquisitions of restaurants that the group didn’t already own 100%, which is now being fully consolidated within the group’s accounts. Here is a concrete example. In the past, Vapiano SE, the group’s top holding company held an indirect 50% stake in a French subgroup via the subsidiary VAP Restaurants SA, based in Luxembourg, and included this as an associated company in the Vapiano SE consolidated financial statements using the equity method. Due to the acquisition of additional shares in September of 2016, Vapiano SE's indirect share in the French subgroup increased to 75%. This means that Vapiano SE takes control of the French subgroup, which is therefore included in the group’s financial statements as part of the full consolidation. The revenue from the acquired subsidiary now recorded in the consolidated income statement amounts to 12.8 million euros. While that’s great for the top line, the loss of the fully consolidated entity equates to 0.2 million euros. Yes, you are buying revenue, but there are losses attached to them, not profits. A similar case is the Swedish entity that runs eight restaurants with revenue of 11.5 million euros but has losses of 235 thousand euros. So much for Strategy 2020 and “profitable” growth.That year the group’s operating profits are absolutely tanking, halving to 3.5 million euros. Operating profits are now a mere 1,4% of revenue. Remember original founder Mark Korzilius who talked about operating margins of 25% to 28% at the restaurant level? Yes, there are overhead costs for the organization that sits above the chain of restaurants, but operating margins that low indicates a course correction is needed. What’s telling is that in the annual report, in the management discussion section, the company starts talking about EBITDA as a proxy measure of profitability, rather than operating profit or net income. This wasn’t the case in the years before. Is this window dressing for an upcoming IPO? EBITDA is short for earnings before interest, tax, depreciation, and amortization. How can you measure profitability of a restaurant chain that absolutely and unequivocally needs capital investment to maintain its restaurant operations, the very source of cash generation, by simply excluding this maintenance charge (depreciation in the income statement)? Vapiano’s own annual report talks about the fact that existing restaurants must be rejuvenated from time to time and that new interior designs have to be implemented every few years. These things wear and tear, they go out of style, kitchen equipment breaks and needs replacement. This business absolutely needs maintenance capital expenditure, why anyone talks of profits before these maintenance costs is beyond me. Fun fact: in the previous annual report EBITDA is mentioned seven times, mostly around restaurant acquisitions and financing, not however as a profit indication for the group. In the new annual report, EBITDA is mentioned 28 times. Maybe it’s just me but belated Charlie Munger liked to call EBITDA: bullsh*t earnings. When in doubt I stick with Charlie. Interestingly, EBITDA for Vapiano keeps growing while operating and net profits keep falling. Operating cashflow for the group that year is about 21 million euros, but capital expenditure is 30 million and acquisitions for subsidiaries another 20 million. To finance these expenditures another 28 million euros of debt and 16 million of equity is raised. Net debt rises above 130 million euro. The operating cashflow of the group before any capital expenditures is 21 million euros. I am not sure free cash flow would be significantly positive after maintenance capex is paid out; it’s not broken out so we can’t be sure. Granted, I am not on the ground during this time, and I am not in the board room, I am simply reading what’s in front of me, but to me this is starting to look like a distressed situation. Regardless, the following year the company goes public. IPOWhere are now in the year 2017 and its Vapiano’s first year as public company. The company’s annual report reads the following “Sales revenue, like-for-like growth (LfL) and the earnings figures EBITDA and adjusted EBITDA are used as the most important financial performance indicators for controlling operational business activities.” The very same report however also says: “The majority of the group's investments regularly go towards opening new restaurant locations and modernizing existing restaurants. The latter are differentiated into regular replacement investments that occur during ongoing operations (Maintenance CAPEX) and fundamental investments in the renovation of a restaurant (Remodeling CAPEX). On average, a restaurant remodeling takes place nine years after opening.” It says it right there in their own report; every nine years a remodeling is taking place. Remodeling and updating is not cost free, so why exclude depreciation charges which reflect capital expenditures? I understand that perhaps you would want to strip out one-off opening costs, that’s fine and fair, but don’t go overboard.The number of restaurants increases by 26 (previous year: 13) to a total of 205. The increase consists of 27 new openings and one closure. Group revenue grows to an astonishing 325 million euros but here comes the shocker, operating profits turn negative to 25 million. Fine, strip out foreign exchange losses of 3 million, IPO costs of 5.8 million and new opening costs of 6.1 million and you still have 10 million euros of operational losses. All the while the debt load of almost 130 million hasn’t materially changed, so those operating losses are before a six-million-euro interest payment. 184 million euros are raised through the IPO of which 85 million go to the company. This money is earmarked for further expansion as the group has ambitions to almost double the footprint to 330 restaurants by the end of 2020. The company is currently not profitable on an operating basis, and still wants to expand aggressively? I don’t get it. The remaining 100 million euros of the IPO money raised is distributed to co-founder Gregor Gerlach and Wella heirs Hans-Joachim and Gisa Sander. The family office of the former Tchibo owners Günter and Daniela Herz with a 44% stake, don’t sell a single share. After the IPO, 32% of all the company’s shares are now in free float. One year later, in 2018, things get even worse. Revenue grows to 371 million, but operating losses mount to 85 million euros, that’s before interest expenses of 9 million. Even the beloved EBITDA figure turns negative, meaning the operating business before any expansionary or even maintenance capital expenditures is loss making. All regions are experiencing significant deterioration in their earnings profiles. Like for like sales are down 1% across the board. That’s revenue, not profitability. The question naturally arises: is the Group approaching its natural saturation point here or this operational by nature? The operating cash flow is now 9 million while financing cost are close to 7 million. That leaves 2 million for maintenance capital for 74 own restaurants and 76 joint ventures ones. Describing this as financially tight, would be an understatement. Things are not looking good at this point. Yet the company still grows restaurants by 26 new sites. 64 million euros are spent on acquisitions, new openings, and maintenance costs, financed through a 20 million-euro equity raise and 72 million of new debt. The Company now has net debt outstanding of over 160 million euros. After the equity raise and by the end of the year 2018, Mayfair owns 47.4%, VAP Leipzig, Gregor Gerlach’s entity owns 18.9% and the Sander couple own 15.5% of the company. Yes, the Sanders and Gerlach may have taken 100 million euros off the table, but they still have substantial skin in the game. Plus, Mayfair hasn’t sold a single share and instead injects more money into the company through the equity round. The stock has now fallen from its IPO price of 23 euros per share to under 6 euros by the end of 2018. Something must be done here. And indeed, there is pivot in strategy and a hard push for change. At last, the management team abandons its aggressive growth plan and curtails new openings significantly. Additionally, the team wants to run a thorough analysis of weak locations to then either discontinue or sell sites. In Europe, the operating focus will be put on corporate restaurants and joint ventures in major cities to ensure the ideal size and location to match the respective demographic target group. Outside of Europe, the franchising business is being expanded and at the same time a consolidation of the existing corporate and joint venture markets is being sought. All future investments will be reviewed to achieve higher rates of returns on new openings. Investments are also being made in the renovation of older restaurants. The goal in the future is to also open smaller formats, like Mini-Vapianos (less than 400 square meters) or Freestander at prominent transportation hubs outside city centers (currently in Fürth and Toulouse) to cater to individual location requirements, and to enter new partnerships. I am not sure why management hasn’t stopped all expansion altogether, bringing the ship in order first, getting profitable, clean up, all hands-on deck before considering any further expansions whatsoever. But again, it’s easy to comment from the sidelines; maybe they saw white spaces that would be covered by competing concepts if they weren’t moving fast and aggressively enough. Although pushing internationally means competing with local players such as Jamie's Italian, Prezzo, Pizza Express, Wagamama, Nando's and many more which brings in its own dynamic. Management also aims to enhance guest satisfaction. This involves refining operational processes, reorganizing the support center, and refocusing on the core offering: providing fresh and high-quality Italian food at affordable prices for a broad audience. The group also aims to reduce waiting times, especially during lunch, while also improving the evening atmosphere. There is even what I would call an evolution, away from Vapiano’s original concept, reorientating the customer journey. The ordering flow is being changed, offering guests synchronized preparations of all dishes while eliminating wait times at the cooking stations. The open show kitchen remains, staying true to original mantra of freshness and transparency but now guests can choose their preferred method of ordering through a mobile app, using a digital order point (kiosk), or by personally placing an order with a waiter. Guests can still freely choose their table and are then informed about the complete preparation of their order through a pager or their smartphone. This is a substantial deviation from the original concept, but a needed one. The group is also exploring and implementing the expansion of take-away and home delivery services but only at suitable locations, not universally across new openings. I am not sure why home delivery is even a priority here; it adds operational complexity. It’s better to clean up shop first and get back to the basics before adding new complexities. To be fair management does try to simplify. There are 49 different permanent dishes on the menu and additional 10 seasonal ones. Customers can choose from eleven different types of pasta. There is simply too much choice, and it makes orders complicated. The company announced to slim the menu down to its most popular and typical Vapiano dishes. There’s no need for an Asian salad at an Italian restaurant. "We have to go back to the roots, i.e. classic, honest Italian cuisine" says COO Everke. Regardless, in November of 2018, the supervisory board pulls the plug on CEO Jochen Halfmann and replaces him with Cornelius Everke. Everke himself has just become COO five months ago. Since 2017 he was responsible for international expansion. From 2011 to 2017 that role was filled by Mario Bauer – put a pin in that name, he’ll play a key role in the groups fate later. Then nine months later, in the middle of 2019, Cornelius Everke quits. He essentially concludes that his skillset and experience in the areas of internation expansion is no longer needed in the foreseeable future. To put it differently: Vapiano has moved from a growth story and has become a restructuring case, and other skills are required for that job. In June of 2019 Everke says the following “(we’ve) made a bit of a mistake when it came to foreign expansion”. No sh#t. Vapiano postpones the presentation of the 2018 annual financial statements three times in the spring of 2019, citing negotiations over an urgently needed loan of 30 million euros. It’s not until the end of May that a binding loan commitment comes through from the financing banks and major shareholders. We are now in August of 2019 and the corona pandemic is just around the corner. Supervisory board chief Vanessa Hall takes over as interim-CEO and things are unravelling. Visitor numbers are declining; originally, it was planned to sell the US business but halfway through the year the buyer cannot come up with the money. But not all restaurants are performing poorly. The group's poor figures contrast starkly as an example with the experiences of the Swiss-German franchisee, who runs six restaurants. The Sodano family in Switzerland pays Vapiano a royalty of 6% of sales for the use of the brand. Enrico Sodano explains in an interview that they operate largely autonomously from the licensor. If an “accident” were to occur, he could immediately replace the Vapiano sign with Sodano, he says. The family concluded the rents and contracts with employees and suppliers independently. The Sodano family have six locations in Bern, Basel and Zurich, around one million guests every year and 350 employees. Things are going well on the ground. The delivery service they’ve built is offering them a second income stream. Expansion into Winterthur, St. Gallen and Lucerne are being planned; small locations with 150 to 250 square meters and an attached delivery service. Originally, Vapiano restaurants used to be huge but for such a large restaurant to be profitable, 800 to 1,000 guests per day are needed. That’s possible in medium-sized cities, but not in smaller towns which is why the Vapiano group now also supports smaller formats. Back to our corporate drama. The 2019 annual report would be the last report the group files. By the end 2019 the outstanding debt of the company is at an astronomical 450 million euros. Revenue has grown by another 7%, produced by four net new openings through two JVs and two franchise restaurants but operating losses come in at 317 million euros. That sound like an absolute shocker at first but depreciation and amortization charges are 345 million, so that operating cash flow is actually positive but unfortunately capital expenditures and interest payments are so large that they are eating up all of the company’s operating cash flow. Then in the beginning of 2020 Corona hits with full force and the world shuts down. As a result of the measures to prevent further spreading of the virus, the group is forced to cease all global business operations (except in Sweden). While all these shutdowns are happening, the group is the middle of negotiating with its lending banks and main shareholders. There are additional financing needs for restructuring measures, even without a pandemic happening in the background. The situation is so dire that the company starts pleading to the German government to roll out the package of financial help more quickly. Unfortunately, it’s to no end. The rapid closure of restaurants and the resulting lack of operating cash inflows in conjunction with the additional financing requirements, lead to the company’s final knockout punch. In April of 2020, the Vapiano group officially files for insolvency proceedings. The end of an era. New BeginningsBecause of the pandemic, the majority of the group's subsidiaries in Austria, the Netherlands, Denmark, the United States, Sweden, and China also file for insolvency or seek liquidation. The US business never gets sold in the end and is wound down. In the summer of 2020, significant group divestments occur, including the sale of 75% shares in the group's French subsidiaries, shares in franchisor companies, Australian subsidiaries, German subsidiaries, associated companies, self-managed restaurants in Germany, and insolvency-related sales in the Netherlands, Great Britain, and Sweden. The buyer of the Vapiano brand and one of these bundles of Vapiano restaurants is company named Love & Food Restaurant Holding, a consortium led by Mario C. Bauer – a name I told you to remember. Bauer was a former Vapiano board member and led the national and international expansion, opening 200 sites in 33 countries from 2011 to 2017 until he was succeeded by Cornelius Everke. Bauer didn’t feel comfortable with the IPO at the time but clearly has a lot of managerial and entrepreneurial talent.The buyer consortium is an absolute A-Team comprised of European QSR top league hitters, including the founder of the Pret A Manger chain Sinclair Beecham; Henry McGovern, the founder and Ex-CEO of the giant international restaurant and foodservice operator AmRest; the Van der Valk Family that runs hotels and Vapiano restaurants in the Netherlands, and co-founder and ex-CEO Gregor Gerlach. The acquisition value is 15 million euros and entails 30 Vapiano restaurants in Germany, albeit that’s just the purchase price which comes on top of any capital investment needed to refresh and return the sites to its former glory. Nevertheless, just as a thought experiment, if you can get each site to 2 million euros of revenue and 400,000 euros in operating profit on average, which wouldn’t be an overly aggressively assumption given the company’s history, you’ve got yourself a package that can deliver restaurant-level operating profits of 12 million euros or more. It’s not disclosed how much capex was needed to refresh the operations, just that fact that the overall investment plus purchase price was a middle double-digit million-euro figure. Stil, it probably was a decent purchase. The same consortium buys Vapiano’s French business for 25 million euros just two weeks prior. After the transaction concludes, the master franchise is given to Delf Neumann and his Gastro & Soul GmbH. Neumann is an experienced operator, and he is ambitious to revitalise the brand with new services and products. For example, instead of pizza, the restaurants will be serving pinsa - a flatbread made from sourdough, wheat and rice flour, topped similarly to a pizza. It targets a more health-oriented customer base looking for a less calory heavy option. The menu overall is expanded by including a variety of vegan and vegetarian dishes. https://preview.redd.it/kpt7ea6red0d1.png?width=1242&format=png&auto=webp&s=c9930ced85ee364e9df414547cae06b47a03fc19 Today Neumann’s Gastro & Soul GmbH operates 18 Vapianos on its own account and has 29 franchise sites, amongst other brands. By the year 2021, Vapiano operates 191 restaurants in 34 countries. This is around 50 fewer sites than before the bankruptcy. The number of branches is particularly thinned out in Germany – from 80 to 55. Nevertheless, Vapiano's home country remains by far the largest market, followed by France with 35 restaurants and Austria with 15 locations. “We have shrunk ourselves to health,” says Bauer in the aftermath and there is no further shrinking planned. Quite the opposite, the smell of expansion is in the air again – pun intended. Not as aggressively as before and with a new menu and ordering process. Overall, the team around Bauer is filled with industry experts with knowledge and networks gained over decades who have a great track record, a long-term view, and the staying power to let Vapiano breath and finds its way back to success. The pressure of being a public company with all the associated quarterly, half-year and yearly disincentives have been removed. The menu is changed and extended with new types of pasta and sauces with significantly more vegetarian and vegan dishes available. Guests can order with restaurant staff, at terminals or on their phones and there are barcodes attached to the tables identify the respective seat. The food is brought to your table, all at the same time if you are in a group, no more annoyances with waiting in line. There is a plan for smaller, 350 square meter locations, with half the number of guests and significantly fewer staff and less set-up costs required to make the economics work. Locations that capitalize on remote work and increased demand for local lunch options, higher population density with shorter delivery routes and therefore cost-effective in house delivery services are targeted. And Bauer is testing the concept of ghost kitchens, which operate without a dining room or service staff, focusing solely on preparing food for delivery services, which for obvious reasons have a very different operational set up and footprint. Original founder Mark Korzilius however is not entirely convinced. He is not a fan of the pinsa for instance and he considers Vapiano's pizza as its cash cow, flagship product and believes that the core Vapiano proposition of Pizza, Pasta, Bar that has given the company its original success is being diluted. He instead admires the competitor L'Osteria, saying they’ve done a better job by focusing on Italian classics, especially the impressively large pizzas that sticks out beyond the plate is leaving every customer in awe. The guys who run L’Osteria are the same guys who have built Vapiano with him in the first place. Bauer on the other hand, like a true business leader, remains undeterred, stating that he is frequently asked whether Vapiano's restart was bold or foolish. He believes in entrepreneurship, franchising, in his experienced fellow partners and importantly the Vapiano concept. By the year 2024 you can find over 140 Vapiano branded restaurant in 27 countries across the globe, including locations far away from its birthplace like Australia, USA, Columbia, Chile, Bahrain, and Saudi Arabia. And why not? Italian food is, and will remain to be, incredibly popular. Vapiano offers fresh and tasty food at affordable prices in a good atmosphere. This combination of attributes should attract a lot of customers. It certainly has in the past. For more stories: WIP Thomas Weitzendoerfer Substack |
2024.05.14 12:26 xcitor [Hiring] Software Engineer
2024.05.14 12:24 xcitor [Hiring] Software Engineer
2024.05.14 11:35 Vivid-Spread1007 Thriving Growth: Insights into Argentina Mushroom Market Dynamics
2024.05.14 11:13 ResearchNPL Agrochemical Additives Market Current Trends, Segmentation 2024 to 2036
2024.05.14 10:39 joelborger PEPETF: Memes, Success, and Zero Fees! 🚀
2024.05.14 10:20 ianbell78 Global Cement Market Size, Share, Growth Analysis 2024-2032: Trends, Drivers, and Opportunities in Construction, Infrastructure, and Residential Sectors
Cement Market submitted by ianbell78 to u/ianbell78 [link] [comments] According to the report by Expert Market Research (EMR), the global cement market size is projected to grow at a CAGR of 5.4% between 2024 and 2032. Aided by the increasing demand for infrastructure development and urbanization across the globe, as well as the material's diversified applications in various construction projects, the market is expected to grow significantly by 2032. Cement is a crucial construction material, widely used for its properties such as strength, durability, and versatility. It is essential for the construction of buildings, bridges, roads, and other infrastructure projects. The growing need for residential, commercial, and industrial infrastructure due to rapid urbanization and population growth is a primary driver of the cement market. Additionally, the expansion of the real estate sector and the increasing number of smart city projects are further propelling market growth. Get a Free Sample Report with a Table of Contents: https://www.expertmarketresearch.com/reports/cement-market/requestsample The infrastructure boom in emerging economies is a significant contributor to the cement market expansion. Governments in countries like China, India, and Brazil are heavily investing in infrastructure development, including highways, airports, and urban transit systems, which in turn boosts the demand for cement. Furthermore, the global trend towards sustainable construction and the development of eco-friendly cement variants are creating new opportunities in the market. Technological advancements in cement production processes and the adoption of energy-efficient and environmentally friendly manufacturing practices are also driving market growth. Innovations such as low-carbon and green cement are gaining traction, aligning with global efforts to reduce carbon emissions and environmental impact. Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/cement-market Market SegmentationThe market can be divided based on product type, application, and region.Market Breakup by Product Type
Competitive LandscapeThe EMR report looks into the market shares, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global cement market. Some of the major players explored in the report by Expert Market Research are as follows:
Drivers and ChallengesKey Drivers
Emerging TrendsSustainable and Green CementThe growing emphasis on sustainability is driving the demand for green and eco-friendly cement. Manufacturers are focusing on developing low-carbon cement variants and incorporating recycled materials to reduce the environmental impact of cement production. This trend is expected to gain momentum, supported by stringent environmental regulations and increasing consumer awareness. Digitalization and Smart Manufacturing The adoption of digital technologies and smart manufacturing practices is transforming the cement industry. Technologies such as IoT, AI, and big data are being used to optimize production processes, enhance product quality, and improve operational efficiency. These advancements are expected to drive innovation and competitiveness in the market. Modular and Prefabricated Construction The rise of modular and prefabricated construction methods is creating new opportunities for the cement market. These construction techniques require high-quality, consistent cement products that can be manufactured off-site and transported to the construction site. The demand for such construction methods is increasing due to their efficiency, cost-effectiveness, and reduced environmental impact. Infrastructure Investment in Emerging Markets Emerging markets, particularly in Asia and Africa, are witnessing substantial infrastructure investments. Governments in these regions are prioritizing infrastructure development to support economic growth, urbanization, and industrialization. This trend is expected to drive significant demand for cement in the coming years. About UsAcquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market. Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today. Media ContactCompany Name: Claight Corporation Contact Person: Ian Bell, Corporate Sales Specialist Email: sales@expertmarketresearch.com Toll Free Number: +1-415-325-5166 +44-702-402-5790 Address: 30 North Gould Street, Sheridan, WY 82801, USA Website:www.expertmarketresearch.com https://www.expertmarketresearch.com.au |
2024.05.14 08:14 luxurykeralavilla Discover Exquisite Luxury: Unveiling the Splendor of Kerala's Holiday Villas