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Taking Stock – Tyrone Wilson, CEO of iCreate Speaks About The Visual Vibe Acquisition And The Way Forward

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Acquisition of Visual Vibe.Com Limited by iCreate Limited
iCreate Limited (“iCreate”) is pleased to announced that the Company has signed an Agreement for Sale of Shares dated June 28, 2022 for the acquisition of 100% of the shares in Visual Vibe.Com Limited (“Visual Vibe”). Visual Vibe has been the leading video board advertising company in Jamaica over the past fifteen (15) years and continues to provide quality service to its clients. Pursuant to the said Agreement, iCreate has paid the requisite deposit and the transaction is expected to be completed within the coming months. iCreate will also be funding this acquisition by way of a pending Rights Issue.

The acquisition of Visual Vibes by iCreate fits squarely within its Merger and Acquisition strategy towards building out its vision as the leader within the creative and digital economies in Jamaica and the wider Caribbean region. This acquisition comes on the heels of the Company’s successful holding of its Extraordinary General Meeting on May 27, 2022.

iCreate’s stock price hit an all time high of 3-dollars in April, following several big announcements. They’ve acquired a majority stake in E-Commerce Company, GetPaid….

And been approved by the Development Bank of Jamaica as a Business Development Organization. And we hear they have some more big news coming up! Founder and CEO Tyrone Wilson will join us!

“Visual Vibe is the largest digital outdoor advertising company in Jamaica. It was started in 2006 by businessman Ali McNab. The company has a very strong revenue stream, very strong profit and a very strong free cash flow, even through the pandemic. We are very excited about that because it will bring us to having a very solid company and help us along the way to being the GraceKennedy of creative companies in Jamaica, and help to provide strong returns to shareholders. Visual Vibe has some very good locations in terms of billboard spaces. The big screen in the middle of Half-Way-Tree where Jamaicans gather to watch Olympics and World Championship is a Visual Vibe board. With a location like that owned by iCreate with our content creation capabilities, will give us the opportunity to use it for some unique content to engage people there and across Jamaica at the other locations. So our focus from day one will be developing a content strategy that will bring eyeballs to the screens on a consistent basis.”

Tyrone Wilson, CEO of iCreate

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Taking Stock LIVE with Kalilah Reynolds On Jamaica’s Rideshare Ban

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Minister of Transport Daryl Vaz announced a ban on ridesharing or ride-hailing apps in Jamaica, with immediate effect. He made the announcement on Tuesday afternoon during his contribution to the 2024/25 Sectoral Debate in the House of Representatives. Vaz said he was moved to act after being written to by a member of the Police High Command.

The Ban has recently been withdrawn.

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Taking Stock LIVE Kalilah Reynolds Interviews Richard Owen Byles Governor of Bank of Jamaica (BOJ) On When Will The BOJ Lower Interest Rates?

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Money Media Kalilah Reynolds Talks to Patrick Kumst Managing Director Omni Industries Limited

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OMNI Industries Limited is a thermoplastics manufacturing and distribution company based in Twickenham Park, St. Catherine and has been operational since 1975. OMNI manufactures, recycles, imports and distributes thermoplastic products including PVC pipes, conduits, hoses and plastic houseware items.

In 1974, Uwe Kumst, a German export merchant from Hamburg (who came to Jamaica in 1964), founded Omni Industries Ltd. as a manufacturing concern for PVC plastics products. Starting with plastic garden hoses, the company quickly grew to manufacture PVC conduit pipes for electrical use, and shortly after started the extrusion of a wide range of PVC water pipes.

In 1984, Wilfried Bergmeier, a German plastic engineer, joined Omni Industries Ltd. as Technical Director, and the company’s expansion continued. An Injection-Moulding Department was added which manufactured PVC pipe fittings and in 1986, Von White, a Jamaican marketing expert, was brought in to lead a highly motivated sales force of 12 persons and its own fleet of delivery trucks.

In 1996, Patrick Kumst, MBA, joined the company as Financial Director. Over the years, Omni Industries Ltd. saw tremendous growth annually, both in production output and sales.

Omni Industries Ltd’s success in the marketplace spurred their expansion into PVC water pipes and fittings, for pressure and drain applications. Also, the Injection-Moulding Department offers a wide variety of molds for bottles crates, houseware items for the kitchen, laundry, garden and commercial containers.

In 2002, Omni Industries Ltd. purchased well-known Thermo Plastics Limited and relocated their operation to a larger facility in Spanish Town. This acquisition allowed for the expansion into new product lines, creating Omni Industries Ltd. as the only manufacturer of industrial packaging products.

We are now considered the leading distributor of PVC pipes in Jamaica.

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JMMB Group Limited Investor Briefing – November 16, 2023

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A conversation with Marcel Anderson Group Chief Executive Officer and CTO at KYO Group on the disruption they are bringing to International Fast Cargo Transportation from the United States to Jamaica.

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Aldo Antonio Executive Chairman Businessuite Media Group has a conversation with Marcel Anderson Group Chief Executive Officer and CTO at KYO Group on the disruption they are bringing to International Fast Cargo Transportation from the United States to Jamaica.
This was done as part of the Regional Innovators Segment for the recently held Caribbean Strategy Conference hosted by Framework Consulting Jamaica Ltd.

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