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  • Proexport Colombia's Trade Commissioner Alvaro Concha Gives Insight Into Hotel Industry Growth And How Colombia Is Making Headlines Across The Board

    Colombia Sees 6.3% GDP Growth First Quarter; Second Only to China

    Colombia's World Cup Performance and 'Superstar in the Making' James Rodriguez add to a Changing Global Perception

    Investorideas.com WA, NEW YORK, Canada - July 22, 2014 - Investorideas.com, a global news source covering leading sectors including Latin America, releases an exclusive interview which provides insight into Colombia's growth, with a focus on the hotel industry.Proexport Colombia's Trade Commissioner Alvaro Concha discusses the changing global perception of the country and how Colombia continues to be a go-to destination for both business and tourists.

    Interview excerpt:

    Investorideas.com

    Good morning Alvaro, I imagine all of Colombia is both excited and a little sad about the World Cup performance. Making it to the quarter finals and the amazing goals by James Rodriguez definitely put Colombia on the map to viewers from around the world.

    It seems to be a great time for Colombia in a lot of ways. You just reported significant hotel industry growth and a rise in foreign visitor growth. Can you break down the numbers in foreign visitor growth in terms of countries of origin and where they visit most?

    Alvaro Concha

    Yes, thank you. We are more happy than sad. Colombia did a wonderful job. We now have another good reason to make the headlines. And if we keep stacking up positives, we will be recognized more and more for good reasons like this versus the bad reasons of the past.

    The Santos government has put a main objective by the end of 2014 of 4 million foreign visitors and we are pretty close, we are already at 3.7 million. Colombia is growing three times faster than the rest of the world in terms of tourism. The United States is the number one country visiting, also a few European countries, including Spain, is in the top group. Canada is always in the top ten; dropped out last year but always in the top group with over 44,000 visitors per year. We are targeting the Canadian eco-tourism market to attract more visitors as well. We are actively working with the tourism operators and the airline operators to promote what Colombia has to offer.

    Investorideas.com

    Also I see there was substantial increase in business visitors, indicating an ongoing interest and growth in doing business in Colombia. Can you give us some insight as to what sectors of business and what cities are being concentrated on?

    Alvaro Concha

    First thing to say is that Canadian companies are leading mining investment in Colombia. Also a lot of oil and gas companies, with one of the biggest company in oil and gas exploration being a Canadian based company. There is also a lot of other interest from pension funds, financial entities and infrastructure companies looking at Colombia. That is increasing every day, making Colombia a good destination for business. There are also at least two financial entities in Canada that are looking at opening operations in Colombia. Also in terms of the ICCA (http://www.iccaworld.com) global ranking, we keep improving and are now 28th, up from 32nd. This ranks the most attractive and secure countries for conventions. This makes Colombia an attractive destination to host conventions.

    Investorideas.com

    In terms of hotel growth, can you break down the growth in terms of investment and new hotels being built and again where are you seeing the most hotels going in?

    Alvaro Concha

    Colombia has 32 projects underway in the hotel sector, with some of them being hotels looking for investment to improve their current infrastructure and some looking for startup capital. We are growing at least 200% for the last four years. We are adding almost 7000 new rooms that will be added to the 15,000 actual rooms in the country. In terms of areas, it's all across the country and broken down by leisure or business. Bogata has a lot of business growth, with Medellín and Cali as well benefiting. The main cities that need more hotels for business in particular are Bogotá, Cali and Medellín.

    Investorideas.com

    And can you tell us what hotel chains are now entering the market and who is looking at coming in?

    Alvaro Concha

    Right now Marriott, the Radisson, Hilton, Holiday Inn, Hyatt and other lead chains are coming in.

    New properties include:

    · Bastion Luxury Hotel (Cartagena) -The Bastion Luxury Hotel, which opened in Cartagena under GHL Hotels, has 51 luxury bedrooms and is modeled after 16th century colonial era buildings, though mixed with modern art and architecture. Located in the heart of Cartagena's historic district, the Bastion Luxury Hotel is perfect for travelers looking to explore the city's sites.

    · Cali Marriott Hotel (Cali) - The Cali Marriott Hotel opened in February 2014 in Granada, the heart of Cali's financial and entertainment district. Ideally located with 170 hotel rooms and modern amenities, the hotel includes the Tanoshii Lounge, a bar integrated into the outdoor pool and terrace where visitors can enjoy music, food and beverages and a vibrant atmosphere.

    · Radisson Cartagena Ocean Pavillion Hotel (Cartagena) - A new luxury hotel located on the gorgeous La Boquilla Beach in Cartagena, Radisson Cartagena Ocean Pavillion Hotel offers 233 rooms and premium on-site amenities including an outdoor pool, restaurants and bars and a state-of-the-art fitness center. The property opened in February 2014, and makes exploring attractions such as the ancient walled city district and the Fortress of San Felipe de Barajas easy and convenient.

    · Hotel Movich Buro 26 (Bogota) -Bogota's Buro 26, which opened in April 2014, is the newest addition to the Movich Hotels. The 252 room hotel, adjoined to El Dorado International Airport, is convenient for all travelers seeking modern amenities, event space, fine dining, a trendy bar and lounge and top of the line gym and spa facilities.

    · W Bogota Hotel (Bogota) - Slated to open in September 2014, W Bogota Hotel is a 168 room property, including 33 suites and an Extreme Wow Suite, in the upscale Santa Barbara Business Center. With its convenient location, modern amenities and 818 square meters of dynamic function venues, the hotel will be an ideal place for both business and leisure travel.

    Investorideas.com

    Where do you still see the biggest need for new hotels, what cities and areas?

    Alvaro Concha

    In terms of business infrastructure, the main cities that need more hotels for business in particular are Bogotá, and Medellín. For example, next week the city is hosting Colombiamoda, Colombia's Fashion Week, one of the most important shows with over 1800 international buyers from 50 different nationalities.

    We are taking 35 companies from Canada to the event and the city is sold out for hotels. Cartagena is the major target to grow in terms of business and tourism. Cartagena needs investment in resorts and there are several projects being presented to potential investors.

    Investorideas.com

    On a related note to hotel growth, I watched a segment on CNN that talked about restaurant growth in Colombia - they looked at Bogata and Cali for new and exciting restaurants - scale up from casual dining - reflecting the new money in the country from visitors and locals. Is this something Pro export is working on?

    Alvaro Concha

    I don't have the numbers but what I can tell you is the restaurant industry is growing very fast. The last numbers I heard was that Bogotá now has over 600 different restaurants and you will find a varied international and local cuisine mix. I see one or two new restaurants in Medellín, Cartagena or Bogotá every time I go. It is part of the 200% growth in tourism we are seeing.

    Investorideas.com

    We have talked about it before, but for new readers, why is Colombia such a safe place for investment?

    Alvaro Concha

    According to the Central Bank in regards to FDI we had an 8% increase in 2013. We are considered one of the top 20 destinations in the world for foreign direct investment. According to the World Bank for doing business Colombia is third in the region. We are number one in the region to better protect investors and we are ranked 6th in the world in that index.

    We are ranked first in the region for skilled labor.

    Colombia is not only a safe country but it's also a very strong competitor when you think about investing in the region We are third largest economy in the region after Mexico and Brazil.

    We have the second largest Spanish speaking population in the world after Mexico.

    Our unemployment rate is the lowest in the past twenty years. We are now at 8.5% and the government is working seriously on improving that number.

    Our GDP growth last year was 4.3%

    This year, the first quarter is showing growth at 6.3 %, second only to China in the world. This is the fastest growth in Latin America.

    Investorideas.com

    How is Colombia set up for technology and IT for new companies looking at coming into the country?

    Alvaro Concha

    We have an established IT Ministry that is looking at how to improve our competiveness in this sector and we have a growing industry. You will find at least 2500 different export companies in the IT sector including mobile applications, software development, gaming and digital animation. That is where we are concentrating our efforts. Medellin wants to be the most innovative city in the world and was in fact named exactly that last year by Citi Bank.

    There are several Hubs but Medellín is one of the most promising and is looking at becoming the IT Hub in the country. This city is driven at looking after the IT sector.

    In terms of labor, the number of graduates in engineering fields is very much on the rise. There is also a training institute in Colombia where you can actually train your staff and the government will help. We have done it in the past for Canadian companies where trained employees are now working.

    We are also hosting an IT match-making event in New York next week with 70 companies from Colombia meeting companies from the US and Canada.

    Also in terms of the Pacific Alliance, which we are a member of, 74% of the high and medium technology products exported from Latin America are coming from the Pacific Alliance members

    Investorideas.com

    If you were to summarize some of the key successes of Proexport, what would you say are some of the most important?

    Alvaro Concha

    As Colombia's Trade Commissioner in Canada, for the past three years that I have been here we have diversified our portfolio not only in the investment side but also in trade. We thought and believed there were other sectors that needed to be invited to the party. Today we are seeing the pension funds investing in our country but also seeing other companies and other sectors looking at investing in a more precise way.

    In the trade side, we have taken full advantage of the Free Trade Agreement. We have over 140 new products that have been exported to Canada and over 350 new companies are selling in the Canadian market.

    Investorideas.com

    Thanks as always and let's hope you take the World Cup next time!

    About ALVARO CONCHA

    Alvaro Concha, Colombia's Trade Commissioner in Canada since 2011, is an experienced professional with over 15 years' experience in global business and market-development strategies. As head of the Canadian offices of Proexport Colombia - the country's investment, tourism and export promotion agency - Mr. Concha has worked tirelessly to strengthen Colombia's trade relationship with Canada. Mr. Concha's leadership has resulted in a significant increase in Colombian exports to Canada, the securing of a new roster of important Canadian investors in Colombia, and a surge in the number of Canadian tourists visiting Colombia.

    Before being appointed to Canada, Mr. Concha worked as Colombia's trade commissioner in Italy and headed the joint Guatemala, Honduras, and El Salvador office headquartered in Guatemala City. Throughout his career in Proexport Colombia, his goal has remained the same: to bring prosperity to all Colombians by bringing the best of Colombia to the rest of the world.

    Mr. Concha holds a Bachelor's Degree in Business Administration from EAFIT University in Medellin, Colombia, and an MBA from the EEN - Escuela Europea de Negocios in Madrid, Spain.

    About Proexport Colombia

    http://www.proexport.com.co/en

    Proexport provides business opportunities, clear information on requirements, strategies for expanding services and goods at an international level, participation in business fairs and assistance by experts for investors, exporters, and professionals that wish to come closer to their dreams.

    About Investorideas.com

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    Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp

    BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

    Contact Investorideas.com 800 665 0411

    Jul 22 10:34 AM | Link | Comment!
  • Kareg Corporation Initiates Coverage On GenSpera (OTCQB:GNSZ) With A Speculative Buy Recommendation

    GenSpera, Inc. (OTCQB:GNSZ), a leader in developing prodrug therapeutics for the treatment of cancer, announces that Kareg Corporation's Director of Research, Sheldon S. Traube, has issued the following research report on the company.

    www.investorideas.com/CO/GNSZ/news/2014/...

    Jul 14 2:12 PM | Link | Comment!
  • Breaking Tech News: NXT-ID (OTCQB: NXTD) Resumes CNBC Ad Campaign For Its Next Generation Smart Wallet, Wocket™; To Commence Week Of July 7th

    SHELTON, Conn. - June 30, 2014 (Investorideas.com Newswire) NXT-ID, Inc., (OTCQB: NXTD) a biometric authentication company focused on the growing m-commerce market, is pleased to announce that the second series of 30 second spots on CNBC for its next generation smart wallet, Wocket™, will begin the week of July 7th.

    The new ad, "Introducing Wocket™, the Smart Wallet", will air on Squawk Box, Squawk on the Street and Street Signs. The ad focuses on the visual of a big fat bulky wallet ending up in the wrong hands with your most personal information all gone; your credit cards, your membership cards, gift cards, all gone. Replacing them is a nightmare. It then poses the question," what if there was a better way? "

    Wocket™ is a smart wallet, the next evolution following the smart phone and smart watch. NXT-ID is introducing its innovative, patent-pending Wocket™ as the next natural step in the evolution of smart devices. Wocket™ is a next generation smart wallet designed to protect your identity and replace all the cards in your wallet, with no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval.

    Credit, debit, ATM, loyalty, gift, ID, membership, insurance, ticket, emergency, medical, business, contacts, coupon, and virtually any card can be protected on Wocket™. More than 10,000 cards, records, coupons, etc. and 100 voice commands can also be stored on Wocket™.

    Wocket™ is now available for advance ordering at www.wocketwallet.com at a price of $149.99.

    The full Wocket product FAQ is available to consumers and media at http://nxt-id.com/wocket-faq/

    About NXT- ID Inc. -Mobile Security for a Mobile World

    NXT-ID, Inc.'s (OTCQB: NXTD) innovative MobileBio™ solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio™ suite of biometric solutions that secure consumers' mobile platforms led by the Wocket™ ; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://www.wocketwallet.com/

    NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/

    Forward-Looking Statements for NXT-ID

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company's business strategy. The Company's actual results could differ materially from those anticipated in these forward- looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.

    Contact:

    Corporate info: info@nxt-id.com

    Investor Inquiries:
    Kirin Smith
    ProActive Capital Group
    Direct: 646 863 6519
    ksmith@proactivecapital.com
    Media: 800 665-0411

    Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: As of June 2014, NXT-Id renewed for five thousand per month and average of two thousand five hundred 144 shares (cash equivalent) for news publication and marketing of Wocket smart wallet. More info: http://www.investorideas.com/About/Disclaimer.asp and http://www.investorideas.com/About/News/Clientspecifics.asp

    BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

     

    Tags: NXTD, biometrics, tech
    Jun 30 1:32 PM | Link | Comment!
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