Synchronoss Personal Cloud Solution Selected for Integration into Japan’s Kitamura Online and Retail Channels

New partnership will allow Japanese retailer to offer content storage as it seeks to digitize more of its services

BRIDGEWATER, N.J., Aug. 03, 2021 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and innovator of cloud, messaging and digital solutions, today announced that Kitamura, a Japanese multimedia retailer, has selected the Synchronoss Personal Cloud solution for integration into its online and retail channel. The addition of personal cloud will give Kitamura’s online and retail customers the ability to back up and manage their valuable digital content, including photos and videos, from any device.

Kitamura is one of Japan’s leading retailers offering image-related services and products, including cameras, photo printing, video dubbing, photo studio, photo books and so on. The retailer has over 1,000 retail locations across the country with over 20 million paying visitors each year and approximately 10 million consumers registered in its online services. Through this integration, Kitamura will be able to provide seamless online and retail experience with the new white-label personal cloud offering.

“We are excited to be partnering with Synchronoss to integrate its personal cloud solutions across our online and retail channels,” said Hajime Yanagisawa, Managing Executive Officer, Kitamura. “We have always been committed to bringing customers’ memories to life through the medium of photography, and this cloud offering is the next step in not only enabling our customers to enjoy their memories but to also store, organize and manage them safely and securely. We’re looking forward to bringing this new service to our customers as we continue our journey towards digitizing our offering.”

Synchronoss’ white-label personal cloud has been adopted by mobile operators and other companies across the globe. The solution gives their customers a safe, secure cloud experience and the ability to store and sync digital content – a key to building brand loyalty and customer satisfaction in an increasingly online world. It also delivers to those organizations the flexibility to quickly add additional value-added services that strengthen the bottom line.

Anthony Socci, President of Synchronoss International, said he is delighted to be working with Kitamura on its new cloud offering. “This cloud solution will be instrumental to Kitamura as it increases its digital touchpoints and seeks to create new revenue streams beyond its traditional printing and camera retail business. We look forward to collaborating with Kitamura as it brings new, innovative services to its customers,” he said.

To learn more about Synchronoss cloud solutions, visit synchronoss.com/solutions/cloud.

About Synchronoss
Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services and content they love. That’s why more than 1,500 talented Synchronoss employees worldwide strive each day to reimagine a world in sync. Learn more at www.synchronoss.com

About Kitamura
Kitamura is a leading company of photographic and video-related products and services in Japan. The company owns Japan’s largest in-house laboratories (photo and video processing factories) and delivers its services and products via more than 1,000 retail stores nationwide and online. It’s the company’s mission to provide services to shape customer memories not only at that moment but also for decades to come, restore photos, and revive precious memories.

Media Contacts

For Synchronoss: Anais Merlin, CCgroup, E: synchronoss@ccgrouppr.com

Investor Contact
For Synchronoss: Todd Kehrli/Joo-Hun Kim, MKR Investor Relations, Inc., E: investor@synchronoss.com

Petrol Sales Break All Previous Records

The petrol sales for the month of July had increased by almost 12.5 percent to a record 0.81 million tons as compared to 0.72 million tons during the same period last year.

This was revealed in a report compiled by Arif Habib Limited (AHL).

“Highest ever MoGas (petrol) sales of 0.81 million tons were recorded during July 2021, up by 12.5% compared to 0.72 million in the same month last year,” Arif Habib Limited (AHL) said in a statement.

The sequential growth was mainly led by a “rebound in overall economic activities” that had resulted in increased transportation activities that are driving the demand for oil products among the masses.

Additionally, the AHL findings and the sale of other petroleum products (including diesel and furnace oil) had risen by 10 percent to 1.94 million tons in July as compared to 1.66 million tons in the same month last year.

For reference, the sale numbers of furnace oil had jumped by 54 percent to 0.37 million tons this July as compared to 0.24 million tons during the same period in 2020.

Diesel sales had made a few waves across the oil and gas playing field as well, surging by seven percent to 0.72 million tons in July as compared to 0.68 million tons last July.

 

Source: Pro Pakistani

South Korea To Invest $700,000 For Agricultural Development In Pakistan

Korean delegation headed by Mr. Hur Taewoong, Administrator Rural Development Administration (RDA) Korea, made a courtesy visit to the Federal Minister of National Food Security and Research, Syed Fakhar Imam.

Federal Minister welcomed Korea’s investment of 700,000 US Dollars for the development of agriculture in Pakistan. He said that through the Korea Program on International Agriculture (KOPIA) Pakistan Centre, bilateral cooperation would expand in the field of agri-machinery, agricultural inputs, and protected agriculture developed in Korea. Federal Minister said that through KOPIA Pakistan Centre, Korean technologies would be imported and customized to the local environments.

Fakhar appreciated the support of the Republic of Korea in transferring the technology for small-scale farming machinery and vegetable seed production system to Pakistan. The Minister said that the introduction of aeroponic technology for potato seed production, post-harvest management technology in chili crop, in addition to the introduction of ryegrass as a high yielding fodder, will enhance overall production yield.

Fakhar apprised the delegation about the livestock sector in Pakistan and the need for the development of value-added animal products. He expressed hope for further enhancing the volume and quality of trade-able agricultural products between the two countries and assured full support for further cooperation by the Government of Pakistan.

Both delegations agreed to expand the cooperation in the field of machinery and vegetable seed production.

The meeting was attended by the Ambassador of the Republic of Korea to the Islamic Republic of Pakistan, Mr. Sur Sangpyo, along with Director Korea Program on International Agriculture (KOPIA) Pakistan Centre, Dr. Cho Gyoungrae.

 

Source: Pro Pakistani

ICI Pakistan Acquires Majority Stake in NutriCo

ICI has acquired a major shareholding in NutriCo Pakistan, which will become its subsidiary now.

According to the stock filing, the chemical producing giant has enhanced its shareholding in the food and beverage producing company from 40 percent to 51 percent, with the acquisition of 55,013 ordinary shares.

Earlier, the subsidiary was operating as NutriCo Morinaga (Private) Limited, a joint venture between ICI Pakistan Limited, Unibrands (Private) Limited, and Morinaga Milk Industry Co Ltd.

It commenced commercial operations of growing up formula products at its manufacturing facility in January 2020.

At a project cost of Rs. 5.5 billion, the manufacturing facility is the first asset investment by a global Japanese dairy and food company in Pakistan and would unfold a new chapter in the country’s industrial history.

The 12,000 tonnes per annum facility, which adheres to the highest international standards, is aimed at ensuring that infants and children are provided with safe, clean, and hygienic formulas at competitive prices.

ICI Pakistan may now expand operations of its subsidiary across the country with much control and autonomy.

 

Source: Pro Pakistani

FBR Orders Manufacturers to Get Brand Registration Certificates to Sell Their Products

The Federal Board of Revenue (FBR) has directed manufacturers of Tobacco, Sugar, Fertilizer, Cement, and Beverages to obtain “Brand Registration Certificates” from the FBR for selling their products in the market.

In this regard, the FBR has issued a Sales Tax General Order Number 7 of 2021, on Tuesday, detailing the procedure for the licensing of brand names for the specified sectors.

According to the circular, all existing and new manufacturers are required to register their brand of each product with the FBR before selling the same in the market.

No manufacturer shall be allowed to sell their products in the market without having their brands registered in the market. However, they may be allowed to sell their products in the market from the date of application submission to the FBR.

The Federal Government inserted section 40E in the Sales Tax Act, 1990 vide Finance Act, 2021, which empowers FBR to issue Brand Licensing Certificate to the manufacturers of specified sectors, i.e., Tobacco, Sugar, Fertilizer, Cement, and Beverages. For this purpose, FBR has issued a procedure for issuance of Brand Registration Certificate for these sectors vide STGO 7/2021 dated 3rd August 2021.

According to the notification, all existing and new manufacturers are required to submit an application to the Project Director (TTS) for issuance of a Brand Registration Certificate for all of their products. For this purpose, each manufacturer shall provide the requisite information required for brand registration. The Office of the Project Director (TTS) shall scrutinize all the applications and initiate the process of registration of the products as per the notified procedure.

It has been further notified by the FBR that if any of the manufacturers fail to obtain a Brand Registration Certificate from FBR, he shall not be allowed to sell their un-registered products in the market.

 

Source: Pro Pakistani

FBR to Disallow 60% Input Tax Credit to Retailers Who Fail to Install POS

The Federal Board of Revenue (FBR) has issued a list of 6763 retailers (Tier-1), which are not integrated with the FBR’s Point of Sale (POS) system and would be disallowed 60 percent input tax credit in case they fail to integrate by August 15, 2021.

The FBR has issued a sales tax general order number 1 of 2021 here on Tuesday.

The FBR has also placed the list of identified Tier-1 non-integrated retailers on its website on Tuesday.

The FBR has decided to update the list on the 5th of every month and give them an opportunity to apprise the concerned Commissioner that they are not eligible to declare as Tier-1 retailers otherwise they will be disallowed 60 percent input adjustment in case of not integrating with POS.

The FBR in its drive across the country issued STGO No-1 of 2022 by which a system-based approach is being adopted to integrate nonintegrated Tier-1 with retailers with effect from August 1, 2021. A list of identified Tier-1 retailers has been placed at FBR’s web portal.

If these Tier-1 retailers fail to integrate by August 15, 2021, they would be denied credit for input adjustments equal to 60 percent claimed in the Sales Tax Returns for the month of July 2021. If, however, a Tier-1 retailer feels that it is not a Tier-1 retailer in terms of Section 2 (43A) of the Sales Tax Act 1990, it may get itself excluded from the list by applying to the Commissioner by August 10, 2021.

The list shall be uploaded by every month and taxpayers who remain in the list shall be considered as non-integrated Tier-1 Retailers and their input tax to the extent of 60 percent shall be disallowed as per the provision of subsection (9A) of section 3 of the Sales Tax Act 1990, FBR added.

Upon the filing of sales tax returns for the month of July 2021 by all notified Tier-1 retailers not integrated, the input tax claimed would be disallowed without any further notice or proceeding, cresting a tax demand of the same amount, FBR warned.

 

Source: Pro Pakistani