Tag Archives: NEW YORK CITY, N.Y.

Famed Movie Producer Chad Lawson Cooper Offers $20 Million to buy Historic Paul Robeson Theatre in NY

NEW YORK CITY, N.Y., Jan. 16, 2025 (SEND2PRESS NEWSWIRE) — Chad Lawson Cooper, a renowned movie producer ( https://www.thechadcoopercompanyonbroadway.com/ ) and national playwright based in New York City, has made an offer of $20 million to acquire The Paul Robeson Theatre. Founded in 1980 and named in honor of the esteemed African-American singer and actor Paul Robeson, the theater showcased poetry, plays, and various works by black artists for over 25 years. However, it ceased operations following the passing of its owner, Dr. Josephine English, in 2011.

Image caption: Movie Producer and National Playwright Chad Lawson Cooper.

Despite the theater’s closure, Dr. English’s family continued to host summer concerts and open mic nights in the lower level of the venue until two weeks ago, when the building was listed for rent, as noted by Crews.

The church that houses the theater has a rich history, having first served as the Fourth Universalist Society of Brooklyn, which renamed it the Church of the Redeemer. It later became Temple Israel before being acquired by the Catholic Bishop of Brooklyn, and eventually sold to Dr. English, who transformed it into a theater, according to Brownstoner.

The current owner, Barry English, was unavailable for comment.

As the CEO of The Chad Cooper Company ( https://www.thechadcoopercompanyonbroadway.com/ ), which operates on Broadway in Times Square and in Battery Park, New York, Cooper intends to purchase at least 20 theaters across the country. His objective is to provide programming and training in the arts specifically for underprivileged African American youth.

IMAGE LINK for media: https://lh7-rt.googleusercontent.com/docsz/AD_4nXddA1ggBgfnOeL5tzLFr75q2B0QB02d2c-9dhQieZhRt32Jp0gq5Egen8TiD3jOi1EkjUrBB36Yed-2G7HNR8MSUglKPNW8rGzhRzTb2h4VV7PNTFAh-yiIN_rx5A09U2MFULE-4w?key=AWyN_jzr5LtsUUyGsCuQwuQG

Image caption: Movie Producer and national playwright Chad Lawson Cooper.

MEDIA CONTACT:
Tamara Shealey
Black Broadway NYC
Phone: 646-206-1915

Website: https://www.reparationssunday.info/

NEWS SOURCE: Chad Lawson Cooper

This press release was issued on behalf of the news source (Chad Lawson Cooper), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/famed-movie-producer-chad-lawson-cooper-offers-20-million-to-buy-historic-paul-robeson-theatre-in-ny/

Doherty Enterprises-Owned NYC and Westchester County Applebee’s® Locations Announce 9th Annual Above and ‘BEE’yond Teacher Essay Contest

Essay Contest will Recognize the Top Teachers in the 5 Boroughs of New York and Westchester County as Nominated by Their Classroom Students

NEW YORK CITY, N.Y., Jan. 14, 2025 (SEND2PRESS NEWSWIRE) — Doherty Enterprises-owned Applebee’s® Neighborhood Grill & Bar restaurants in New York City and Westchester County today announced the official start of their 9th annual Above and “BEE”yond Teacher Essay Contest. The annual essay contest recognizes top teachers – as nominated by their classroom students – rewarding teachers with a $500 sponsorship check and special end-of-year class party.

Image caption: 9th annual Above and “BEE”yond Teacher Essay Contest NYC.

Starting today, the essay contest is open at participating Applebee’s restaurants in New York’s five boroughs as well as Westchester County that are owned and operated by local franchisee, Doherty Enterprises (see complete list of participating restaurants below).

One deserving teacher from each borough and Westchester County will be awarded with a $500 sponsorship check to use toward their classroom for the upcoming 2025-2026 school year, along with an end-of-year party for their current class! *

To nominate a teacher and enter the contest, students must submit an essay in-person at their local Applebee’s explaining why their teacher deserves to be Applebee’s “Teacher of the Year.”

Elementary school students are required to nominate their teacher with a ½ page essay, while middle and high school students are required to write a 500-word essay on why their teacher is most deserving. As an additional incentive, students who enter an essay will also receive a free ice cream certificate** for later use.

Essay submissions are limited to one per student and will be accepted at participating Applebee’s restaurants from Monday, January 6th through Sunday, March 16th, no later than 10 p.m. ET. Winners will be announced on Friday, April 18th and end-of-year parties will be thrown in June 2025. If end-of-year parties are not viable, class parties will be replaced with two Free-Dinner-for-Four certificates for the winning essay writer.

“We’re thrilled to celebrate the launch of our ninth annual Above and ‘BEE’yond Teacher Essay Contest at our NY Metro and Westchester County restaurants,” said Tim Doherty, President and COO of Doherty Enterprises. “We’re honored to recognize the local teachers who work so hard to educate the youth. It’s truly gratifying to provide a platform where students can share the meaningful impact of their teachers make and to spotlight local community members making a difference each and every day.”

Applebee’s Above and “BEE”yond Teacher Essay Contest entries will be accepted at the following Applebee’s locations owned and operated by Doherty Enterprises in:

NEW YORK CITY:

42ND ST (Times Square)
BROADWAY
THROGS NECK PLAZA
SHEEPSHEAD BAY
GATEWAY CENTER
ATLANTIC TERMINAL
TRIANGLE (Brooklyn Junction)
FRESH MEADOWS
THE BLVD (aka New Dorp)
BRONX TERMINAL MKT
FORDHAM PLAZA
ASTORIA (Long Island City)
QUEENS CENTER
EXPRESSWAY PLAZA
RIVERDALE
BED STUY
OUTER BRIDGE CROSSING
STATEN ISLAND MALL

WESTCHESTER COUNTY, NY:

HAWTHORNE
NEW ROCHELLE
EXECUTIVE BLVD (Yonkers)
CORTLANDT (Mohegan Lake)
CROSS COUNTY (Yonkers)

*One winner will be selected from each NYC Borough and Westchester County. Prizes are subject to change. If end-of-year parties are not viable, class parties will be replaced with two Dinner for Four certificates.

**Offer valid only at Doherty Enterprises owned and operated Applebee’s® locations in NYC and Westchester County, NY. Limit one per person. May not be redeemed on day of purchase. Cannot be combined with any other offers.

About Applebee’s®

As one of the world’s largest casual dining brands, Applebee’s Neighborhood Grill + Bar serves as America’s kitchen table, offering guests a lively dining experience that combines simple, craveable American fare with classic drinks and local drafts. Applebee’s makes it easy for family and friends to connect with one another, whether it’s in a dining room or in the comfort of a living room, Eatin’ Good in the Neighborhood™ is a familiar and affordable escape from the everyday. Applebee’s restaurants are owned and operated by entrepreneurs dedicated to more than serving great food, but also building up the communities that we call home. From raising money for local charities to hosting community fundraisers, Applebee’s is always Doin’ Good in the Neighborhood®.

Applebee’s franchise operations consisted of 1,618 Applebee’s restaurants in the United States, two U.S. territories and 14 countries outside the United States as of September 30, 2024. This number does not include one domestic Applebee’s ghost kitchen (small kitchens with no store-front presence, used to fill off-premise orders) and seven Applebee’s international ghost kitchens. Applebee’s is franchised by subsidiaries of Dine Brands Global Inc. [NYSE: DIN], which is one of the world’s largest full-service restaurant companies.

About Doherty Enterprises, Inc.

Established in 1985, Doherty Enterprises owns and operates more than 160 restaurants in New Jersey, New York, including seven restaurant concepts: Applebee’s Neighborhood Grill & Bar, Panera Bread, Wendy’s, Jinya Ramen Bar, Chevys Fresh Mex and its own concepts, The Shannon Rose Irish Pub and Spuntino Wine Bar & Italian Tapas. In addition, Doherty Enterprises is also a franchisee of Sola Salon Studios with 15 locations in Staten Island and New Jersey. Doherty Enterprises is ranked 27th Largest Franchisee in the United States by Restaurant Finance Monitor, is recognized as the 80th largest Foodservice revenue company in the United States by Nation’s Restaurant News, the 70th largest privately held business in the New York Metro area by Crain’s Business, and 24th in NJ’s Top 250 privately held companies & 5th Largest Family-Owned Business Based on Employees in New Jersey by NJBIZ.

The Doherty vision is to be the “Best Food Service Company in the Communities We Serve” and its mission is to “Wow Every Guest Every Time, Wow our People, Wow Our Communities and Wow Our Suppliers.” Doherty Enterprises has also been lending a helping hand to team members and their immediate families when financially burdened through the WOW a Friend Foundation. To date, the foundation has assisted more than 4,200 people and donated over $5.7 million directly back to those in need. ( https://www.dohertyinc.com/ ).

MEDIA CONTACT:
Lynn Munroe
lynn@maracaibomedia.com
845-548-1211

NEWS SOURCE: Doherty Enterprises

This press release was issued on behalf of the news source (Doherty Enterprises), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/doherty-enterprises-owned-nyc-and-westchester-county-applebees-locations-announce-9th-annual-above-and-beeyond-teacher-essay-contest/

Lender demand for Argyle’s VOIE platform fuels record growth for its mortgage division

NEW YORK CITY, N.Y., Oct. 28, 2024 (SEND2PRESS NEWSWIRE) – Argyle, a service provider automating income and employment verifications for some of the largest mortgage lenders in the United States, has eclipsed its full-year 2023 growth through just the first nine months of 2024. The company has added 58 new independent mortgage bank, credit union and bank customers since the beginning of the year, bringing its total number of mortgage customers well north of 100, including 7 of the nation’s top 15 retail lenders. Argyle isn’t just adding customers, either; it’s onboarding them swiftly, with year-to-date verification of income and employment (VOIE) volumes already 166% higher than the full-year total for 2023.

Image caption: Argyle.

Chief Operating Officer Brian Geary attributed the growth to Argyle’s focus on delivering mortgage-specific product enhancements and measurable results for lenders. Top-5 lender* [*note 1] Newrez has partnered with Argyle on a custom integration to deliver a streamlined customer experience for VOIE. Amerisave, a top-25 lender* [*note 2] that took its custom integration with Argyle live in just three weeks, said it receives GSE representation and warranty relief more often when using Argyle than any other VOIE provider. And Delta Community Credit Union, one of the 35 largest credit unions in the United States* [*note 3], reported savings of $39 per member on verification costs using Argyle. These outcomes underscore Argyle’s ability to drive real business value and solidify its position as the mortgage industry’s highest-performing verification solution with a consistent conversion rate above 55% and cost savings of 80% over incumbents.

“Our growth this year is a testament to the measurable impact we’re making for lenders,” said Geary. “Every loan team works a little bit differently. By offering maximum flexibility in how Argyle can be deployed and working shoulder-to-shoulder with customers to make each rollout a success, we’re proving that Argyle is the best partner for any lender that wants to reverse the customer friction, buyback risk and high cost associated with VOIE.”

Argyle achieved several milestones in 2024, including approval as a third-party service provider for Freddie Mac’s Loan Product Advisor® (LPA℠) asset and income modeler (AIM). Like Argyle’s 2023 collaboration with Fannie Mae, the integration with AIM helps lenders reduce mortgage repurchase risk by enabling assessment of eligibility for representations and warranties relief. The company also formed or expanded partnerships with several major loan origination systems (LOS) and point-of-sale (POS) platform providers, including ICE Mortgage Technology® (NYSE: ICE), Floify, Byte Software and nCino (NASDAQ: NCNO), and joined The Mortgage Collaborative as a preferred partner.

Argyle’s leadership and innovation were widely recognized in 2024. In March, Fast Company ranked Argyle #5 globally in the Personal Finance category of its Most Innovative Companies list. Argyle also received a Silver Stevie® at the 22nd annual American Business Awards® in April for its pioneering approach to automating income and employment verifications. In February Argyle made its debut on HousingWire’s Tech100, while CEO Shmulik Fishman was honored as a 2024 Tech All-Star by the Mortgage Bankers Association and received Inman’s Best of Finance award. PROGRESS in Lending also recognized Argyle with its Innovations Award, celebrating the company’s transformative role in the mortgage industry.

Key members of Argyle’s leadership team received recognition for their contributions as well. In August, Principal Mortgage Customer Success Manager Rowdy Harris was named a 2024 HousingWire Insider for leading the mortgage division’s fast-growing customer success team. In September, Brian Geary was honored with HousingWire’s 2024 Vanguard Award for driving Argyle’s strategic partnerships and helping customers succeed.

Argyle’s rapid growth this year was supported by a $30 million Series C funding round that reinforces its stability as a long-haul partner for mortgage lenders. The funding has enabled Argyle to invest in white-glove customer service and product integrations that make its VOIE service available in familiar systems, reducing customer ramp time and improving user adoption.

For more information on Argyle’s industry-leading platform, please visit https://argyle.com/.

About Argyle:

Founded in 2018, Argyle is the leading provider of real-time income and employment verifications. As an authorized report supplier for Fannie Mae’s Desktop Underwriter® validation service and an approved service provider supporting Freddie Mac’s Loan Product Advisor® asset and income modeler (AIM), Argyle empowers mortgage lenders to auto-retrieve paystubs and W-2s, understand consumers’ ability to pay and improve loan quality—all at 60–80% less cost. Argyle’s commitment to innovation is backed by investors including Bain Capital Ventures, SignalFire, Checkr and Rockefeller Asset Management.

For more information on Argyle’s industry-leading platform, please visit https://argyle.com/.

To stay up to date on all Argyle news, sign up for our newsletter here: https://argyle.com/blog/.

CITATIONS:

[1] Source: Scotsman Guide 2024 Top Originators Rankings, June 2024.

[2] Source: 2022 Home Mortgage Disclosure Act (HMDA) data.

[3] Source: Delta Community Credit Union.

Tags: @withArgyle #mortgage #lending #fintech

Brand Assets: https://brand.argyle.com/downloads#logo

NEWS SOURCE: Argyle

This press release was issued on behalf of the news source (Argyle), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/lender-demand-for-argyles-voie-platform-fuels-record-growth-for-its-mortgage-division/

Historical Sale! DearMob’s DVD Video Software Pack Rolls Out after MTV Movie Awards 2016

NEW YORK CITY, N.Y., April. 15, 2016 (SEND2PRESS NEWSWIRE) -- DearMob rolls out a multimedia software all-in-one pack from April 14 to May 3 at 90-percent off, the highest discount ever! This pack containing a best-in-class DVD ripper, a video converter, and a backup software is shipped by DearMob, the integrated multimedia software manufacturer after MTV Movie Awards 2016, supplying a downright affordable solution for movie buffs to rip DVDs, convert videos and watch movies chosen by the MTV Movie Awards 2016 committees from the comfort of home.

DVD Video Software pack at this record-high discount will be available at:
For Windows Users: http://www.5kplayer.com/software/dvd-video-converter.htm
For Mac Users: http://www.5kplayer.com/software/video-converter-giveaway-mac.htm

Video player, DVD ripper, and video converter at your toolkit should go head-to-head with the star-studded MTV Movie Awards 2016 winners. With positive feedback from users of the DVD ripper and video converter from Windows 10/8/7 and Mac OS reporting their tried-and-true utility, it is high time that customers nab the DVD video software pack to get plenty hours of fun watching top award winners, as well as 1:1 backup the DVDs videos, or change video format to watch on iPhone and iPad.

Highlights and Contents of the DVD Video Software Pack (Windows 10 and Mac OS X 10.11.4 Compatible):
* Superfast DVD Ripper: Backup DVD to ISO, VOB, MEPG2 for personal use, otherwise $59.95.
* 1:1 Quality Video Converter: (iPhone SE/iPad Pro 9.7 inch profile added) - Convert video to MP3/MP4/MKV/AVI, iPhone/iPad, Windows Phone and Android, otherwise $49.95.
* DVD Copy Pro: Burn DVD, mount ISO to virtual drive, otherwise $49.95.
* Peerless Video Player: Play 4K/8K videos, download videos and AirPlay.

To bring the refined screenplay, special effects and list-topping visual performance of MTV Movie Awards 2016 winner movies to your devices, the discount will extend to May 3, 2016.

DearMob continues to focus on effective cooperation with best-in-class dynamic multimedia software. With MTV Movie Awards 2016 sorting out another list of top-quality movies worth reviewing, this video software pack comes just in time to tackle DVD ripping, Video conversion to iPhone, iPad and non-stop 4K and 8K video playback to the highest standard.

Pricing and Availability:
DearMob's Spring Special all-in-one pack including a DVD Ripper, a DVD Copy Pro and an HD Video Converter are now 90-percent off at:
All-in-one Pack for Windows Users - http://www.5kplayer.com/software/dvd-video-converter.htm
All-in-one Pack for Mac Users - http://www.5kplayer.com/software/video-converter-giveaway-mac.htm .

About DearMob Inc.:
DearMob, Inc. is a promising mobile software manufacturer developing useful software serving Windows, Mac, iOS and Android users. With current lineup involving new-generation software for multimedia playback, music video streaming, downloading and multi-screen video playback, it will extend into the realm of multimedia mobile player, antivirus and file backup solutions soon. For more information about the company, please visit: http://www.5kplayer.com

Twitter: @5KPlayer

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/historical-sale-dearmob-s-dvd-video-software-pack-rolls-out-after-mtv-movie-awards-2016-2016-0415-01.shtml.

NEWS SOURCE DearMob Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

DearMob’s 5KPlayer 3.6 Released In Time for Oscars 2016 Pictures

NEW YORK CITY, N.Y., Feb. 29, 2016 (SEND2PRESS NEWSWIRE) -- DearMob's 5KPlayer makes a quantum leap into Version 3.6 for Windows and Mac upon the announcement of Oscars 2016 winners, offering an ideal choice for users to watch Oscars 2016 best pictures including "Spotlight," "The Revenant" and more with the free video player. For refined video quality, this upgrade involves major improvements in playing encrypted online videos and AirPlay to Apple tvOS 9.2 released on Feb. 23, the previous bug of playing videos without sound also gets addressed on both Windows and Mac.

To bring the best pictures in the 88th Academy Awards to each audience, 5KPlayer fixed two problems with online watching and video downloading (when legitimate), so that anyone can use it to watch "Spotlight," "The Revenant," and "Mad Max: Fury Road" with non-faulty soundtracks, original subtitles, and no video choke or mosaic. Another homegrown option of 5KPlayer called AirPlay also sees a fine-tune in conjunction with the latest Apple tvOS 9.2 upgrade, which can present movies from PC (Windows 10 compatible) or Mac to Apple TV.

Nominated Oscar pictures are out of theaters before the voting procedure begins, according to www.oscars.org. Thus users can resort to other channels such as 5KPlayer for a legal copy. The online download module is adjusted so as to analyze and download streaming videos from legal sites. In front of Oscars 2016 movies with world-class visual effects and screenplay, 5KPlayer Version 3.6 for Windows and Mac comes just in time.

The brand new AirPlay kernel of 5KPlayer supports any Oscars 2016 movies for AirPlay from PC to Apple TV for bigger-screen enjoyment. Apple buffs can now upgrade to the latest Apple tvOS 9.2 with 5KPlayer working deftly. Despite dozens of 3rd party AirPlay servers squashed by AirPlay in iOS 9.0 or newer, 5KPlayer is a resilient candidate to catch up with the latest Apple updates.

Upholding the principle of supplying creative multi-media solutions, 5KPlayer's in-time leap into Version 3.6 for Mac and Windows fully testified its consideration for users amid the annual grand event for pictures. Watching best pictures of the Oscars 2016 with 5KPlayer, the audiences can see how a real free video player can work wonders with world-class movies and cinematography.

Pricing and Availability:

5KPlayer is totally free and clean. Now the Version 3.6 for Windows and Mac are available for download at http://www.5kplayer.com/ .

About DearMob Inc.:

DearMob, Inc. is a promising mobile software developing company developing useful software for Windows, Mac, iOS and Android users. Its product lines currently involve in new-generation multimedia playing, music video streaming and downloading and multi-screen video playback, and will extend to mobile apps, mobile antivirus and file backup solutions. For more information about the company, please visit: http://www.5kplayer.com .

Twitter: @5KPlayer

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/dearmob-5kplayer-3-6-released-in-time-for-oscars-2016-pictures-2016-0229-06.shtml.

TimeForge exhibits ground-breaking comprehensive retail labor management platform utilizing business intelligence and beacon technologies at NRF 2015 tradeshow

NEW YORK CITY, N.Y., Jan. 12, 2015 (SEND2PRESS NEWSWIRE) -- TimeForge is presenting its vision for a comprehensive retail labor management platform, which will be showcased at the National Retail Federation (NRF) 2015 trade show. The TimeForge product line highlights a range of innovative solutions suited for every retail environment, from the retail store front to the back of a restaurant kitchen.

TimeForge products will be presented alongside Samsung Electronics America and will be showcased in the Samsung booth, #600, and in the Star booth, booth #3925, at the Jacob K. Javits Convention Center at the 2015 NRF show, which takes place January 11-14.

"TimeForge is excited about the future of retail and technology, and we see a lot of opportunity for restaurants and retailers. Beacons and other new technologies will continue to unearth new possibilities in sales and labor management, while existing technology can be improved to provide deeper insights into core business practices," said Anthony Presley, President of TimeForge. "Our solutions enable retailers to improve profitability at their stores, and we continue to improve upon our product line based on customer feedback."

PlaceForge and Asset Tracking:
Debuted at the Retail Solutions Providers Association (RSPA) show, PlaceForge is a unique system designed to track staff members and other key assets such as shopping carts and handheld computers. Beacons, similar to the iBeacon protocol supported by Apple, are deployed on the badges of staff members and on shopping carts, and the movements of the beacons are tracked throughout a store.

This ground-breaking product integrates with real-time sales data from more than 20 Point of Sale (PoS) systems, and could be used to identify hot and cold areas of a store, locate loss leaders, justify product layout modifications, and quickly alert management of potential problems on the sales floor.

Business Intelligence and Demand Forecasting:
Also on display at the NRF show is TimeForge's BI and demand forecasting modules. These tools are designed from the ground up to import POS sales information and forecast future sales and inventory needs on a transactional basis. The Business Intelligence software allows managers and IT professionals to build role-based dashboards with item, category, and cashier level analysis to identify trends and changes on the sales floor.

Attendance and Time Clocks:
TimeForge continues to expand their time clocks with a new offering from Star. TimeForge recently debuted the Star AsuraCPRNT time clock - an innovative touch screen timeclock product with an integrated printing solution for printing punch hours, schedules, and real-time reports. The self-service kiosk allows staff members to quickly clock in or out, request time off, swap shifts, and print out upcoming schedules. Managers can use the solution to instantly view labor and sales data directly on the device or on the TimeForge mobile platform.

Staff Scheduling Done Right:
TimeForge will also be displaying its award winning scheduling software. The retail staff scheduling software brings together employee self-service, the ability to request time off, and staff member's scheduling preferences from the web or mobile app, and combines staff member data with business metrics for efficient schedules. Business metrics commonly include minimum and maximum staffing requirements, sales growth or stagnation, real-time sales data, Affordable Care Act (ACA) needs, etc. By combining this data into an easy-to-use format for retail managers, TimeForge allows managers to convey schedule changes automatically to staff, post schedules, and enforce labor requirements.

About TimeForge:
TimeForge helps businesses in the hospitality, restaurant, retail, and grocery industries manage labor, build schedules, and run profitably while reducing turnover and improving operations. Used by businesses throughout the world, TimeForge is designed from the ground-up to simplify the complicated process of labor management.

For more information visit:
http://www.TimeForge.com/
http://www.PlaceForge.com/
866-684-7191

Media Contact
Audrey Hogan, 866-684-7191, audrey@timeforge.com

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/timeforge-exhibits-ground-breaking-comprehensive-retail-labor-management-platform-utilizing-business-intelligence-beacon-technologies-nrf-2015-01-0112-004.shtml.

R2Net – JamesAllen.com secures $25 Million in growth funding

NEW YORK CITY, N.Y., Dec. 18, 2014 (SEND2PRESS NEWSWIRE) -- R2Net - JamesAllen.com, one of the two largest diamond and bridal jewelry e-commerce platforms in the U.S. announced today that is has secured $25 Million in growth funding from Israel Growth Partners (IGP).

The money raised will be used to fund R2Net's aggressive growth strategy. As part of this strategy, the Company recently acquired and consolidated the operations of Segoma Inc - an innovative provider of advanced diamond imaging technology, and Brio Animation Studio Ltd - a groundbreaking visualization and augmented reality studio.

In addition, R2Net's ecommerce brand - JamesAllen.com - has recently launched a "store-in-store" joint venture with Sears, one of the largest brick and mortar retailers in the U.S.

JamesAllen.com seamlessly integrates smart phones, tablets and PCs, as well as virtual kiosks, which enables the digital generation to easily shop for diamond jewelry in an interactive, personalized and familiar environment.

In addition to its direct-to-consumer business, R2Net operates a B2B platform that serves the online diamond sales of giants such as Signet Jewelers, the largest jewelry retailer in the world with 3,500 retail stores worldwide.

R2Net has built a sophisticated e-commerce and supply chain platform, which ties the entire span of the diamond industry's ecosystem, including diamond and jewelry manufacturers, retailers and consumers. R2Net's B2B platform utilizes advanced imaging and visualization technologies to capture and display diamonds and jewelry at a quality that surpasses a jeweler's loupe, thus enabling manufacturers to dramatically cut the lead times and costs of global diamond trade.

R2Net's innovative e-commerce, imaging, visualization and supply chain management platforms are revolutionizing the $70 billion global diamond industry during times of great change in consumer and supplier dynamics and behaviors.

"I'm excited to have IGP, one of Israel's premier private equity funds, share and invest in realizing our vision and would like to welcome Moshe Lichtman and Haim Shani to our board. I look forward to benefiting from IGP's partners' operational experience in scaling up global technology companies," said Oded Edelman, R2Net's founder and CEO.

"R2Net is a great example of the type of technology companies that IGP is focused on. Its ground-breaking technology, its strong momentum in the marketplace and Oded's vision and unique skills make R2Net a prime candidate for global category leadership in a huge market that's ripe for disruption," said Moshe Lichtman, General Partner at IGP. "IGP believes that there is a unique strategic opportunity to better serve the entire diamond industry's ecosystem and to deliver significant value across the board with R2Net's technology platforms and capabilities."

About R2Net - James Allen:

JamesAllen.com is a leading online retailer of diamonds and engagement rings. The idea behind JamesAllen.com is simple: Offer beautiful engagement settings coupled with high quality laboratory graded diamonds, all at an extraordinary value. Each diamond and ring on JamesAllen.com is displayed using proprietary 360-degree Display Technology which allows customers to see and interact with diamonds and rings from the comfort of their home. To learn more about James Allen visit http://www.jamesallen.com/ .

About Israel Growth Partners:

Founded in 2014, Israel Growth Partners (IGP) is a Private Equity investment firm founded by Moshe Lichtman and Haim Shani and backed by leading financial institutions including banks, insurance companies and pension funds. IGP's mission is to provide growth capital, strategic guidance and active involvement in Israeli-related technology companies benefiting from its founders' vast operational experience.

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/r2net-james-allen-secures-25-million-in-growth-funding-2014-12-1218-002.shtml.

NEWS SOURCE R2Net James Allen :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2014 Send2Press® Newswire, a service of Neotrope®.

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