Category Archives: best pr agency in istanbul

Turkey’s first and only Mega Yacht Marina is rising in Atakoy

Right next to the mega yacht marina, there will be a convention center,movie theaters, performance arts centers, sports facilities, restaurants, cafes and hotels. The shopping street,with its famous brands, will bring a fresh breath of air for our visitors’ shopping habits.

Residences stand out with their warm and cozy decorations, panoramic sea and marina views, displaying a magnificent panorama of Istanbul and the Prince Islands. At the same time, the offices bring prestige and comfort for business life.

 

 

Atakoy Mega Yacht Marina fills an important gap in Turkey’s tourism infrastructure by transforming the city into a coveted location for yacht tourism.

marina brosur

TACA CONSTRUCTION BREAKS NEW GROUND IN THE EXPO 2016 ANTALYA

TACA CONSTRUCTION BREAKS NEW GROUND IN THE TURKISH CONSTRUCTION INDUSTRY:

VIEWING TERRACE OF THE EXPO 2016 ANTALYA TOWER TO STAND AT 120 METERS

EXPO 2016 Antalya is getting ready to host its guests and visitors from all over the world. This year’s theme is “Flowers and Children,” and the construction of its symbol, the EXPO Tower, will take six months. The viewing terrace, which will accommodate restaurants and cafes, will be built on the ground and, with the help of powerful cranes, will be hoisted to a peak that stands proudly in the air like a flag 120 meters high. TACA Construction is undertaking the construction of this building that will come to symbolize EXPO 2016 and that will be achieved through a technology first of its kind in Turkey.

Taca Tayyar Akkurt

“EXPOs are an attract millions of tourists, and each comes with its own particular symbol. For EXPO 2016 Antalya, we are proud to construct the convention center that will come to symbolize the event: the EXPO Tower. These are the projects that have been given to our care thanks to our reputation for delivering quality projects on time. We are building this 120-meter tower, which will house restaurants and viewing and recreation areas, with the help of construction technology that will be utilized in Turkey for the very first time. This technology has been used in only a handful of buildings in the world. Called the “Eiffel Tower of Turkey,” the Expo Tower will add value both to the city of Antalya and to our tourism industry. It will be a monument that befits Turkey’s first EXPO,” said Tayyar Akkurt, chairman of TACA Construction.

Modelled after the Turkish peony, a plant native to Antalya, and the famous Hadrian’s Gate located in Antalya’s old town, the EXPO Tower, with a height of 120 meters, will be opened on April 23, 2016.

ABOUT TACA

Mecit Akkurt, after completing his graduate studies in construction engineering in the UK, returned to Turkey and founded Akkurt Construction Company. He has completed several high profile projects both in Turkey and abroad. By 1988, he took over the company from his father, Tayyar Akkurt, and renamed it to TACA Construction. He continues to lead the firm to this day through his commitment to quality, high-speed production methods and his customer-focused approach. TACA Construction ranks 198th in the world in the construction industry. TACA Construction builds massive structures such as hotels, hospitals, convention centers, and shopping malls in the Middle East and Africa. It has international partners and offices in the United States, Libya, Algeria, Qatar, Saudi Arabia, and the United Arab Emirates.

CONTEMPORARY ISTANBUL WELCOMES ITS 10TH ANNIVERSARY WITH MANIFESTO

Manifesto was announced as the first public relations consultant of Contemporary Istanbul; the leading art fair that brings international focus to the dynamic art scene in the unique metropolis, in its 10th anniversary

 

Contemporary Istanbul features the best contemporary art from 102 art galleries in 24 countries and 28 cities on 12-15 November 2015 in Istanbul Congress Center and Lütfi Kırdar ICEC. Contemporary Istanbul offers opportunities not just to discover the extraordinary city of Istanbul and its young, vibrant art scene, but to consider the future of contemporary art.

Sponsored by Akbank Sanat in its 10th year, Contemporary Istanbul spotlights the significance of Art Communication with its Manifesto Pr Agency.

Manifesto announced as the first Turkish communication agency of Contemporary Istanbul

Contemporary Istanbul Chairman, Ali Güreli: ‘’We celebrate the 10th anniversary of Contemporary Istanbul which has been transforming Istanbul into a coordinating point of the best contemporary art pieces. Contemporary Istanbul supports contemporary Turkish art and introduces the most prominent contemporary art pieces with the art lovers. Thanks to the international mission of the fair, it is possible to observe the diversity in discourse reflecting the wide ranging reach of the organization. We hope Contemporary Istanbul taking place on 12-15 November that leaves 10 years behind to reach wider masses with stronger influence and powerful messages thanks to the cooperation with Manifesto´.

 

Emphasizing the value of Art Communication by reflecting upon the global art communication practices, Manifesto CEO Selin Bozkurt said: `Art Communication in Turkey demonstrates a low profile in comparison with the developed countries which needs improvement. We plan to create awareness among the art lovers with the projects we will realize in aid to the most influential contemporary art platform in Turkey; Contemporary Istanbul. It is our aim to promote Turkish contemporary art further in local and international platforms. We take the rightful pride in supporting art communication and its improvement in Turkey´.

Phoenix New Media Reports First Quarter 2015 Unaudited Financial Results

Phoenix New Media Reports First Quarter 2015 Unaudited Financial Results

1Q15 Mobile Advertising Revenues Up 135% YOY

Live Conference Call to be Held at 8:00 PM U.S. Eastern Time on May 13

BEIJING, May 13, 2015 /PRNewswire/ — Phoenix New Media Limited (NYSE: FENG), a leading new media company in China (“Phoenix New Media”, “ifeng” or the “Company”), today announced its unaudited financial results for the quarter ended March 31, 2015.

http://photos.prnewswire.com/prnvar/20140716/127493

“The first quarter was marked by further strides in the evolution of our company as an integrated news and information gateway that continues to redefine how users find and consume information anywhere, anytime and on any Internet-enabled device,” stated Mr. Shuang Liu, CEO of Phoenix New Media. “Despite of the seasonal impact on advertising revenues associated with the late Chinese New Year, the temporary volatility due to the transition of the sales executive and our increased investments on mobile internet, we made solid operational progress which will pave the way for long-term user growth and business expansion. We are now seeing a powerful virtuous cycle emerge as it relates to our core competencies, namely content production capability, dedication to serious journalism and cutting-edge technology. We are confident that with these strong fundamentals, as well as the ongoing technical evolution of our business through synergy with Yidian, we are well positioned to capitalize on emerging opportunities across China’s expanding mobile Internet landscape.”

Mr. Ya Li, president of Phoenix New Media, stated, “In April, we completed our strategic investment in Yidian. Going forward, by combining Yidian’s proprietary technology, ifeng’s premium content, and Xiaomi’s strong distribution channels, we will further drive the expansion of our overall user base. With respect to the advertising sales, we are confident that the impact of the transition of the sales executive was temporarily, and it is expected to ramp up toward the second half of the year. To supplement this, we will be rolling out innovative marketing initiatives like personalized interest ads on Yidian, native ad campaigns and programmatic buying ads.

First Quarter 2015 Financial Results

REVENUES

Total revenues for the first quarter of 2015 increased by 2.2% to RMB365.1 million (US$58.9 million) from RMB357.1 million in the first quarter of 2014.

Net advertising revenues (net of advertising agency service fees) for the first quarter of 2015 increased by 14.2% to RMB268.4 million (US$43.3 million) from RMB234.9 million in the first quarter of 2014, primarily due to the robust growth of 135.2% year-over-year on mobile advertising revenues. Average revenue per advertiser (“ARPA”) increased by 13.4% to RMB1.1 million (US$0.2 million) and the total number of advertisers increased 0.8% to 255 in the first quarter of 2015.

Paid service revenues for the first quarter of 2015 decreased by 20.9% to RMB96.7 million (US$15.6 million) from RMB122.2 million in the first quarter of 2014. Mobile value-added services (“MVAS”)[1] revenues for the first quarter of 2015 decreased by 23.9% to RMB74.7 million (US$12.1 million) from RMB98.2 million in the first quarter of 2014, due to the fact that the Company has trimmed the digital reading and mobile video businesses through telecom operators’ platforms as a result of the change of revenue sharing scheme. Revenues from games and others[2] for the first quarter of 2015 decreased by 8.4% to RMB22.0 million (US$3.5 million) from RMB24.0 million in the first quarter of 2014, primarily due to the decrease in revenues generated from web-based games on the Company’s game platform, as well as the lower-than-expected revenues generated from mobile games.

[1] MVAS includes wireless
value-added services, or
WVAS, mobile video, mobile
digital reading, mobile
games and other paid
services through China’s
three telecom operators’
platforms.

[2] Games and others
include web-based games,
content sales, and other
online and mobile paid
services through the
Company’s own platforms.
COST OF REVENUES AND GROSS PROFIT

Cost of revenues for the first quarter of 2015 increased by 9.4% to RMB190.1 million (US$30.7 million) from RMB173.9 million in the first quarter of 2014, primarily due to an increase in content and operational costs. Content and operational costs for the first quarter of 2015 increased to RMB90.8 million (US$14.6 million) from RMB74.1 million in the first quarter of 2014, due to an increase in staff-related costs and advertisement-related content production costs. Sales taxes and surcharges for the first quarter of 2015 increased to RMB26.4 million (US$4.3 million) from RMB25.3 million in the first quarter of 2014. Revenue sharing fees to telecom operators and channel partners in the first quarter of 2015 decreased slightly to RMB51.5 million (US$8.3 million) from RMB53.7 million in the first quarter of 2014. Bandwidth costs in the first quarter of 2015 increased slightly to RMB21.5 million (US$3.5 million) from RMB20.8 million in the first quarter of 2014, primarily due to the increase in the Company’s mobile traffic. Share-based compensation included in cost of revenues was RMB5.0 million (US$0.8 million) in the first quarter of 2015, compared to RMB3.0 million in the first quarter of 2014. The year-over-year increase in share-based compensation was primarily due to the stock options newly granted in 2014.

Gross profit for the first quarter of 2015 was RMB175.0 million (US$28.2 million), compared to RMB183.3 million in the first quarter of 2014. Gross margin for the first quarter of 2015 was 47.9%, compared to 51.3% in the first quarter of 2014. Adjusted gross margin[3], which excludes share-based compensation, for the first quarter of 2015 was 49.3%, compared to 52.1% in the first quarter of 2014.

[3] An explanation of the Company’s
non-GAAP financial measures is
included in the section entitled
“Use of Non-GAAP Financial
Measures” below, and the related
reconciliations to GAAP financial
measures are presented in the
accompanying “Reconciliations of
Non-GAAP Results of Operation
Measures to the Nearest Comparable
GAAP Measures”.

OPERATING EXPENSES AND INCOME FROM OPERATIONS

Total operating expenses for the first quarter of 2015 increased by 19.8% to RMB168.0 million (US$27.1 million) from RMB140.2 million in the first quarter of 2014. The increase in operating expenses was primarily attributable to the increase in staff-related costs and expenses associated with the Company’s marketing and promotional initiatives. Share-based compensation included in operating expenses was RMB9.8 million (US$1.6 million) in the first quarter of 2015, compared to RMB7.9 million in the first quarter of 2014. The year-over-year increase in share-based compensation was primarily due to the stock options newly granted in 2014.

Excluding share-based compensation, adjusted income from operations for the first quarter of 2015 was RMB21.7 million (US$3.5 million), compared to RMB54.0 million in the first quarter of 2014. Income from operations for the first quarter of 2015 was RMB6.9 million (US$1.1 million), compared to RMB43.1 million in the first quarter of 2014.

Excluding share-based compensation, the adjusted operating margin for the first quarter of 2015 was 6.0%, compared to 15.1% in the first quarter of 2014, while operating margin for the first quarter of 2015 was 1.9% primarily due to the decrease in paid service revenues, the seasonal impact on advertising revenues associated with the late Chinese New Year, the transition of the sales executive and increase in staff-related costs.

OTHER INCOME/(LOSS)

Other income/(loss) reflects loss from equity investments, gain on disposition of subsidiaries and acquisition of equity investments, interest income, foreign currency exchange gain or loss and others, net. Loss from equity investments for the first quarter of 2015 increased to RMB20.0 million (US$3.2 million) from RMB1.5 million in the first quarter of 2014, primarily due to an increase in the equity pick up from the net loss of Yidian for the period. Gain on disposition of subsidiaries and acquisition of equity investments for the first quarter of 2015 was null, compared to RMB17.7 million in the first quarter of 2014. Interest income for the first quarter of 2015 was RMB8.8 million (US$1.4 million), compared to RMB12.0 million in the first quarter of 2014. Foreign currency exchange loss for the first quarter of 2015 was RMB1.9 million (US$0.3 million), compared to RMB6.9 million in the first quarter of 2014.

NET INCOME/(LOSS) ATTRIBUTABLE TO PHOENIX NEW MEDIA LIMITED

We have made a few investments during the year of 2014. These investments have created two new non-operating items as loss from equity investments and gain on disposition of subsidiaries and acquisition of equity investments on our statement of comprehensive income.

Adjusted net income attributable to Phoenix New Media Limited, which excludes those non-operating items and the share-based compensation, for the first quarter of 2015 was RMB23.6 million (US$3.8 million), compared to RMB56.9 million in the first quarter of 2014. Adjusted net margin for the first quarter of 2015 was 6.5%, compared to 15.9% in the first quarter of 2014. Adjusted net income per diluted ADS[4] in the first quarter of 2015 was RMB0.32 (US$0.05), compared to RMB0.73 in the first quarter of 2014.

Net loss attributable to Phoenix New Media Limited for the first quarter of 2015 was RMB11.2 million (US$1.8 million), compared to net income attributable to Phoenix New Media Limited of RMB62.2 million in the first quarter of 2014. The net loss attributable to Phoenix New Media Limited was mainly due to the non-operating items and share-based compensation. Net loss margin for the first quarter of 2015 was 3.1%, compared to net income margin of 17.4% in the first quarter of 2014.Net loss per diluted ADS in the first quarter of 2015 was RMB0.16 (US$0.03), compared to net income per diluted ADS of RMB0.80 in the first quarter of 2014.

As of March 31, 2015, the Company’s cash and cash equivalents, term deposits and short term investments and restricted cash were RMB1.27 billion (US$204.6 million). Immediately after closing of the additional investment in Yidian, the Company’s cash and cash equivalents, term deposits and short term investments and restricted cash were around RMB1.06 billion (US$171.0 million).

For the first quarter of 2015, the Company’s weighted average number of ADSs used in the computation of diluted net loss per ADS was 72,948,956. As of March 31, 2015, the Company had a total of 567,369,822 ordinary shares outstanding, or the equivalent of 70,921,228 ADSs.

[4] “ADS” means American
Depositary Share of the
Company. Each ADS
represents eight Class A
ordinary shares of the
Company.
Business Outlook

For the second quarter of 2015, the Company expects its total revenues to be between RMB412 million and RMB432 million. Net advertising revenues are expected to be between RMB322 million and RMB332 million. Paid service revenues are expected to be between RMB90 million and RMB100 million. These forecasts reflect the Company’s current and preliminary view on the market and operational conditions, which are subject to change.

Conference Call Information

The Company will hold a conference call at 8:00 p.m. U.S. Eastern Time on May 13, 2015 (May 14, 2015 at 8:00 a.m. Beijing / Hong Kong time) to discuss its first quarter 2015 unaudited financial results and operating performance.

To participate in the call, please dial the following numbers:

International: +6567239385

Mainland China: 4001200654

Hong Kong: +85230186776

United States: +18456750438

Conference ID: 37909386
A replay of the call will be available through May 20, 2015 by dialing the following numbers:

International: +61290034211

Mainland China: 4006322162

Hong Kong: +85230512780

United States: +16462543697

Conference ID: 37909386
A live and archived webcast of the conference call will also be available at the Company’s investor relations website at http://ir.ifeng.com

Use of Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with the United States Generally Accepted Accounting Principles (“GAAP”), Phoenix New Media Limited uses adjusted gross profit, adjusted gross margin, adjusted income from operations, adjusted operating margin, adjusted net income attributable to Phoenix New Media Limited, adjusted net margin and adjusted net income per diluted ADS, each of which is a non-GAAP financial measure. Adjusted gross profit is gross profit excluding share-based compensation. Adjusted gross margin is adjusted gross profit divided by total revenues. Adjusted income from operations is income from operations excluding share-based compensation. Adjusted operating margin is adjusted income from operations divided by total revenues. Adjusted net income attributable to Phoenix New Media Limited is net income/(loss) attributable to Phoenix New Media Limited excluding share-based compensation, gain on disposition of subsidiaries and acquisition of equity investments, and loss from equity investments. Adjusted net margin is adjusted net income attributable to Phoenix New Media Limited divided by total revenues. Adjusted net income per diluted ADS is adjusted net income attributable to Phoenix New Media Limited divided by weighted average number of diluted ADSs. The Company believes that separate analysis and exclusion of the non-cash impact of share-based compensation, gain on disposition of subsidiaries and acquisition of equity investments, and loss from equity investments add clarity to the constituent parts of its performance. The Company reviews adjusted net income together with net income/(loss) to obtain a better understanding of its operating performance. It uses these non-GAAP financial measures for planning, forecasting and measuring results against the forecast. The Company believes that using multiple measures to evaluate its business allows both management and investors to assess the Company’s performance against its competitors and ultimately monitor its capacity to generate returns for its investors. The Company also believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of non-cash share-based compensation, gain on disposition of subsidiaries and acquisition of equity investments, and loss from equity investments. Share-based compensation and loss from equity investments have been and will continue to be significant and recurring in its business. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company’s net income/(loss) for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similar titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP.

Exchange Rate

This announcement contains translations of certain RMB amounts into U.S. dollars (“USD”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB6.1990 to US$1.00, the noon buying rate in effect on March 31, 2015 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred could be converted into USD or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release.

About Phoenix New Media Limited

Phoenix New Media Limited (NYSE: FENG) is a leading new media company providing premium content on an integrated platform across Internet, mobile and TV channels in China. Having originated from a leading global Chinese language TV network based in Hong Kong, Phoenix TV, the Company enables consumers to access professional news and other quality information and share user-generated content on the Internet and through their mobile devices. Phoenix New Media’s platform includes its ifeng.com channel, consisting of its ifeng.com website and web-based game platform, its video channel, comprised of its dedicated video vertical and mobile video services, and its mobile channel, including its mobile Internet website, mobile applications and mobile value-added services.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Phoenix New Media’s strategic and operational plans, contain forward-looking statements. Phoenix New Media may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Phoenix New Media’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; the expected growth of the online and mobile advertising, online video and mobile paid service markets in China; the Company’s reliance on online advertising and MVAS for the majority of its total revenues; the Company’s expectations regarding demand for and market acceptance of its services; the Company’s expectations regarding the retention and strengthening of its relationships with advertisers, partners and customers; fluctuations in the Company’s quarterly operating results; the Company’s plans to enhance its user experience, infrastructure and service offerings; the Company’s reliance on mobile operators in China to provide most of its MVAS; changes by mobile operators in China to their policies for MVAS; competition in its industry in China; and relevant government policies and regulations relating to the Company. Further information regarding these and other risks is included in the Company’s filings with the SEC, including its registration statement on Form F-1, as amended, and its annual reports on Form 20-F. All information provided in this press release and in the attachments is as of the date of this press release, and Phoenix New Media does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries please contact:

Phoenix New Media Limited
Matthew Zhao
Email: investorrelations@ifeng.com

ICR, Inc.
In Beijing, China: Jeremy Peruski
In New York City: Katherine Knight
Tel: +1 (646) 277-1276
Email: investorrelations@ifeng.com

Phoenix New Media Limited

Condensed Consolidated Balance Sheets

(Amounts in thousands)

December 31, March 31, March 31,

2014 2015 2015
—- —- —-

RMB RMB US$

Audited* Unaudited Unaudited

ASSETS

Current assets:

Cash and cash equivalents 1,285,847 683,455 110,252

Term deposits and short term investments 40,000 553,992 89,368

Restricted cash – 30,711 4,954

Accounts receivable, net 493,569 505,288 81,511

Amounts due from related parties 176,224 120,786 19,485

Prepayment and other current assets 42,703 49,220 7,941

Deferred tax assets 24,565 25,815 4,164

SBA Deadline for Working Capital Loans in Massachusetts is Near

SBA Deadline for Working Capital Loans in Massachusetts is Near

ATLANTA, April 29, 2015 /PRNewswire-USNewswire/ — The U.S. Small Business Administration (SBA) is reminding small businesses, small agricultural cooperatives, small aquaculture businesses and private nonprofit organizations located in Barnstable, Dukes and Plymouth counties in Massachusetts that June 1, 2015 is the deadline to apply for a working capital disaster loan due to hail on Aug. 7, 2014.

http://photos.prnewswire.com/prnvar/20110909/DC65875LOGO

“When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages and losses to crops, the Small Business Administration issues a declaration to eligible entities affected by the same disaster,” said Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta.

Under this declaration, the SBA’s Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers or ranchers.

The loan amount can be up to $2 million with interest rates of 2.625 percent for private nonprofit organizations and 4 percent for small businesses, with terms up to 30 years. The SBA determines eligibility based on the size of the applicant, type of activity and its financial resources. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.

Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov. Loan applications can be downloaded from www.sba.gov/disaster. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

Completed loan applications must be returned to SBA no later than June 1, 2015.

For more information about the SBA’s Disaster Loan Program, visit our website at www.sba.gov/disaster.

Release Number: 15-201, MA 14151

Contact: Michael Lampton
Email: Michael.Lampton@sba.gov
Phone: (404) 331-0333

Logo – http://photos.prnewswire.com/prnh/20110909/DC65875LOGO

SOURCE U.S. Small Business Administration

Photo:http://photos.prnewswire.com/prnh/20110909/DC65875LOGO http://photoarchive.ap.org/
U.S. Small Business Administration

Web Site: http://www.sba.gov