On Track Innovations Ltd. ( OTI ) (OTCQX: OTIVF) (the
Company or
OTI ), a global provider of near field communication (NFC) and cashless payment solutions, today provided a business update and announced financial results for the fourth quarter and full year ended December 31, 2020.
Management Comments
Mr. Yehuda Holtzman, OTI s CEO, commented, During 2020, we grew our continuing core business revenues by 20% year-over-year, and more than 35% in our Retail segment despite significant headwinds from the Covid-19 pandemic. I am pleased with this performance. It suggests that our underlying business remains strong and that our new strategy is gaining traction. This bodes well for 2021, when, like everyone, we hope the major global impact of the pandemic diminishes.
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WINNIPEG A mother has been charged after Winnipeg police issued an Amber Alert Tuesday night over an alleged parental abduction. On Wednesday, police said the woman was charged with abduction where there’s no custody order and released her on conditions. Officers said the Amber Alert worked but some say the alert system itself could benefit from some fine-tuning. People province-wide received the emergency messaging on their phones, radios and televisions. The Amber Alert went out just after 8 p.m. The message flashed and rang on Kathy Gallant’s cell phone and across her television screen. “I think it’s important, too, to get that message out to the public,” said Gallant. “Whether it be on your television but especially on your phone.”
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Standard retail leases will give retailers a lift at this critical time
As we await the economic fallout of the end of JobKeeper, the Real Estate Institute of NSW (REINSW) has devised a way for retail businesses to save thousands of dollars at a time when they need all the help they can get.
According to the REINSW, with a Government-prescribed retail lease agreement, retailers and landlords could avoid waiting months for leases to emerge from an unnecessarily long and costly legal process.
Just like standard residential lease agreements enable tenants to move in quickly once signed, a standard retail lease could enable retailers to get to work straight away.
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WhatsApp payment service gets go-ahead for Brazil relaunch 6 hours ago
1 Brazil s central bank has given Facebook-owned WhatsApp the greenlight to relaunch P2P payments in the country - nine months after suspending the service. Last June, Brazil became the first country to get a nationwide rollout of WhatsApp s long-trailed payments service.
Yet just 10 days later the central bank stepped in to close it down, demanding that Visa and Mastercard suspend launching payments and transfers on WhatsApp.