Luke Weil and SkuRun Close Successful Seed Round of Funding
(LOS ANGELES, April 12, 2012) -- SkuRun has closed an oversubscribed seed round of funding. The seed round was led by Luke Weil, with participation from a private group of investors. SkuRun organizes, indexes, and distributes sales, marketing, and manufacturing content to mobile devices in real-time so that sales and marketing professionals may leverage it twenty four hours a day, seven days a week.
"Today, every professional has either a smartphone or tablet device. What if catalogs, reams of paper, flash drives, video discs, or sales binders were mobile?" says SkuRun CEO, Ralph Acosta. "What if professionals, even while out in the field, could be kept up-to-date in real-time? Imagine the business lift if entire sales and marketing content libraries could be accessed at all times from all locations."
"Business often happens outside of offices and hard drives. Yet sales, marketing, and manufacturing content created to increase business is fundamentally immobile," says lead investor Luke Weil. "SkuRun is looking to change that."
According to Acosta and Weil, questions that impair business operations are often product related. In-person customer relationship management is an important component of B2B solutions, but those in the field are rarely equipped with a mobile management solution that focuses on product.
By using a product name or its UPC, (universal product code) SkuRun matches sales, marketing, and manufacturing content to the relevant product, benefitting all sales channels - including wholesale, retail and international - with transparent and real-time product updates.
SkuRun has a growing roster of clients in retail and CPG. Current clients include J.Lindberg, Eco Style, Goal Zero and CTA Digital.
About SkuRun: SkuRun is a mobile B2B application for sales and marketing content. SkuRun organizes and presents the most recent product collateral - bypassing dirty clouds, cluttered shared drives, and email attachments - directly to any team's mobile device. A fortune is spent on sales, marketing, and manufacturing content production yet little is invested in its distribution. SkuRun empowers salespeople in all channels by mobilizing the sales binder.
For more information visit www.skurun.com.
Luke Weil and LW Air Group Announce Fifth Acquisition in Preliminary Slate of Airplanes
(NEW YORK, May 16, 2012) -- LW Air Group has acquired its fifth airplane, a Piaggio Avanti P180 II. The P 180 II is manufactured by Piaggio Aero Industries S.p.A., which is owned by a consortium led by Piero Ferrari, a member of the Ferrari automotive dynasty.
LW Air Group Partner Luke Weil said, "The Piaggio Avanti P180 II is the fastest turbo prop aircraft in the world, so we are very pleased that LW Air now owns five of them."
Notoriously economical to operate, the Piaggio Avanti P180 II uses less than 100 gallons of fuel per hour; comparably-sized jets use over twice that amount.
The aircraft can carry up to eight passengers, climb to an altitude of 41,000 feet, and travel at speeds up to 463 miles per hour. According toLuke Weil, the aircraft’s fuel efficiency and capacity permits it to fly coast to coast with only one stop.
LW Air Group aircraft are managed by Avantair. They are available for hire through various flight time card and lease programs offered by Avantair, which makes private plane travel available for purchase in increments as low as 25 hours.
LW Air Group is made up of five consecutively-numbered limited liability corporations: LW Air I LLC - LW Air V LLC.
About Avantair: Avantair is the industry leader of fractional aircraft ownership and flight hour time cards in the light-jet cabin category. The only publicly traded stand-alone private aircraft operator, Avantair is the sole North American provider of fractional shares, flight time cards and Axis Club Membership in the Piaggio Avanti aircraft.
Scientific Games Strengthens Latin American Presence through Provoloto Acquisition
(NEW YORK, June 11, 2012) -- Scientific Games Corporation (Nasdaq: SGMS) announced today the completion of its acquisition of Provoloto (Grupo Provo), a lottery company that distributes instant tickets for nearly 30 Mexican charities to approximately 17,000 retailers. Provoloto has been a Scientific Games Latin America customer since 2003 and has been developing and distributing instant lottery games in Mexico for 15 years. Scientific Games will continue to print Provoloto tickets from its plant in Santiago, Chile, while maintaining Provoloto’s existing infrastructure, including its facility, distribution network and management team in Mexico.
Provoloto is one of the four major lottery companies in Mexico, which has a population of over 113 million people. Total Mexican lottery sales in 2010 were estimated to be $1.3 billion, of which approximately $76 million were generated by the sale of instant tickets. This equates to over $11.00 in per capita lottery sales, with only $0.67 in per capita instant ticket sales.
“Instant ticket sales in Mexico currently represent less than 10 percent of total lottery sales, compared to nearly 60 percent in the U.S.,” said John Schulz, Vice President, Cooperative Services for Scientific Games. “Having a more central role in the Provoloto business should allow us to incorporate some of our proven instant ticket best practices and bring Mexico’s instant ticket sales more in line with sales of its other lottery products. By introducing new products, improving marketing and eliminating some of the manual processes in place today, we believe we can produce significant instant ticket growth and provide greater returns to charities.”
“Provoloto has built a strong foothold in the Mexican marketplace over the past 15 years by capitalizing on their longstanding local relationships in order to provide much needed funding to deserving charities,” said Luke Weil, Vice President, International Business Development – Latin America, for Scientific Games. “For Scientific Games, the acquisition of Provoloto is a natural fit and the perfect opportunity to demonstrate how the best practices we use around the world may be successfully deployed in Latin America.”
“We are extremely pleased to become a part of Scientific Games. Not only do they have 40 years of experience in game design, marketing, research, systems, and security - they have also been our instant ticket supplier for nearly a decade, which means they know our company and the marketplace extremely well,” said Ventura Martinez del Rio Requejo, Chief Executive Officer of Provoloto. “We look forward to working together with Scientific Games to market and deliver exciting and differentiated instant games that will further benefit the charities we support.”
This transaction is not expected to have a material impact on Scientific Games’ results of operations for the fiscal year ending December 31, 2012.
About Scientific Games
Scientific Games Corporation is a global leader in providing customized, end-to-end gaming solutions to lottery and gaming organizations worldwide. Scientific Games' integrated array of products and services includes instant lottery games, lottery gaming systems, terminals and services, and internet applications, as well as server-based interactive gaming machines and associated gaming control systems. For more information, visit www.scientificgames.com.
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