CL Educate liquidates land parcels for Rs100 million proceeds to be invested back in business

CL Educate Ltd., (NSE, BSE: CLEDUCATE), India’s only listed EdTech and MarTech entity, and owner of Career Launcher - the popular TestPrep brand, announced the sale of 2 land parcels in Faridabad and Amritsar. The land parcel sale is part of a larger strategic decision by the company to convert its real estate bank (valued at Rs. 65-70 crore) into cash for redeployment in its core business. This stems from a broader strategic push to egress asset heavy businesses,having already exitedits K-12 business.

Commenting on the land sale, Arjun Wadhwa, Chief Financial Officer, CL Educate, said, “We are accelerating and redoubling on our effort to maximize shareholder value. Sale of unproductive real estate and the subsequent deployment of realized cash to accelerate business growth was a key aspect of that push. As the real estate market was considerably lukewarm till recently, we were forced to wait for the right time. Now that there is some positive movement, we were able to sell the plot in Faridabad for Rs. 7.25crore and another in Amritsar for Rs. 2.3 crore, the latter held through CLIP – a 100% subsidiary.Discussions for the sale of a couple of more real estate parcels are in advanced stages with buyers, which we hope to close in the next 2 quarters.”

 

About Career Launcher: CL is a wholly-owned subsidiary of CL Educate (NSE, BSE: CLEDUCATE), founded by Satya Narayanan R, India’s Ed-tech pioneer. It offers a variety of programs for students aged 12-30, through personalized and synchronous/ asynchronous offerings. Led by a team of highly capable leaders (including IITians and IIMians), CL aims to emerge among the top EdTech players from India who would scale globally. CL counts on two key differentiators – 1. The ability to generate results for students through a scientific data driven process and 2. Robust unit economics and an astonishingly low CAC of 15% against a massive 50-300% that exists for its competitions. With program offerings across various competitive exams including MBA, LAW, IPM, UPSC, CUCET, and International Education, CL's result-driven approach aims to transform the career dreams of 10+ million aspirants. Over the next 3 years, it aims to engage with over ten million students from the current one million. Deployment of data science, machine learning, and recommendation algorithms (120 Edtech tools) form the business moat for CL with the ability to scale. These tools and engines help in best fit program choice, cost savings and laser-beam mentoring to deliver the best in industry results for students. Do visit www.careerlauncher.com  for more information

Newly Released Virtual Assistant Training Course Could Help Moms All Over the Country Start and Grow a Successful 6 Figure Business

LOUISVILLE, KY- At just over a year old, Life by Design Virtual Solutions has proven that anyone with a dream and a vision can launch a successful company, even in the Covid era. Genean Roberts, CEO and owner of Life by Design Virtual Solutions, launched her business in August 2020, with the intention of servicing a few clients who needed virtual assistant services. Since then, she has been able to help over 2 dozen business owners.

 

“We cannot believe how fast this business has grown. We had no idea the real need for the services we offer. We want to help as many small business owners as we can work less and grow faster.”, says Genean. 

 

In the past few months she also realized there is also a growing need in the area of training and consultation for other aspiring virtual assistants. That's when she decided to develop a course teaching others how to grow their own virtual assistant business into a 6 Figure business, even if they have zero experience.

 

“I started my business, Life by Design Virtual Solutions, in August of 2020. It grew so quickly, hitting 6 figures in 10 months. I knew I had to share how I did it and what I learned along the way. I want all women who want something different, on their own terms, to be able to build a full time income working from home. I believe this course will create a clear path and strategy for those women.”, said Genean.

Genean’s commitment and passion for her business has allowed her to build up an amazing team who work hard on a day to day basis to ensure quality results. And she wants to teach others how to do the same.

In this course she teaches step-by-step ways that she grew her business from scratch to 6 Figures in only 10 months. 

What’s in this course:

  • Full access to the 10 module course
  • Bonus 11th module
  • Lots of free downloads
  • Access to a members only Facebook group
  • Live weekly training in the Facebook group

What you will learn:

  • The different types of VA’s
  • What you need to set up your office
  • How to find the perfect niche for you
  • Where to find clients
  • How to get the clients to say yes to you
  • Contracts and paperwork
  • Getting paid!

The virtual assistant industry is in high-demand, and with this course it’s possible for anyone with a little determination to grow their business to 6 figures in 2022.

Get more information here. http://geneanroberts.com/

Nye and Company will Hold A Chic and Antique Estate Treasures Auction Online Only October 27th and 28th

Bloomfield, NJ, USA, October 13, 2021 -- Nye & Company Auctioneers’ two-day, online Chic and Antique Estate Treasures auction slated for Wednesday and Thursday, October 27th and 28th, will be headlined by property from Winston F.C. and C.Z. Guest, the estate of Mrs. Mimi Adler, the NAMITS collection, the collection of Steve and Stephanie Alpert, items from The Millbrook School and property from the collection of Mr. and Mrs. Peter G. Terian, starting at 10 am Eastern time.

The sale will feature a broad and diverse selection of fine and decorative arts. Real time Internet bidding and absentee bidding will be provided by LiveAuctioneers.com, Invaluable.com, Bidsquare.com and the Nye & Company website: www.nyeandcompany.com. Telephone bidding will also be available on a limited basis.

“This auction is going to be a special sale and is sure to delight collectors, dealers and institutions alike,” said Andrew Holter of Nye & Company Auctioneers. “It’s composed of an exceptionally curated selection of property from private collections, with an emphasis on American and European furniture, sporting art, Chinese ceramics, rugs and contemporary and modern art. Also, a nice group of modern furniture complements the contemporary art.”

One of the headliners of the auction is the collection of Winston F.C. and C.Z. Guest. Winston Frederick Churchill Guest was born in England in 1906 and was named after his godfather and his father's best friend and cousin, Sir Winston Churchill. He was raised in the company of great men. His father, Captain the Right Honourable Frederick E. Guest, a grandson of the 7th Duke of Marlborough, was a member of Parliament and held the post of Britain's first Secretary of State for Air. His mother, Amy Phipps, daughter of Henry Phipps of Pittsburgh, was a philanthropist and partner at Carnegie Steel Corporation. She harnessed her considerable resources to fulfill her deep interest in aviation and to realize its value in the future of world transportation.

Mr. Guest was not only a devoted student (while attending Yale University and Columbia Law School he developed fluency in French and Spanish), but also an avid sportsman and Polo Hall of Fame 10 Goal player. He later served as a Captain in the United States Marine Corps in World War II, and during his overseas travels he began his exceptional art collection. Many of the Chinese works in the collection were purchased by Mr. Guest in the mid-20th century, following the war, through his close friend Ralph M. Chait, of Chait Galleries, and through C.T. Loo, also a predominant Chinese art dealer of the period.

In 1947, Mr. Guest married the love of his life, Lucy Douglas Cochrane, of Boston, known to family and friends as C.Z., which stemmed from her young brother's attempt to call her 'sister'. Ernest Hemingway stood witness as best man at the ceremony in Havana, Cuba. As a style icon of New York high society, Mrs. Guest graced the covers of Time magazine and Town & Country, among many others. With their unbridled enthusiasm, high standards and unrivaled sense of style, C.Z. and Winston F. C. Guest became one of the most iconic taste-making couples of 20th century America.

Reminiscent of being well traveled, the collection offers a diverse selection of furniture and decorative arts from England, France and Italy. The couple collected a variety of 17th and 18th century European wall brackets that displayed some of their Chinese porcelains. These brackets are exceptionally carved, with fluid lines of interlaced leafage, monograms, shells and figures. The adage of good things come in small packages definitely applies to these pieces.

There is also a wonderfully carved oak marble-top console table decorated with satyr faces and continuing to cloven feet. This impressive piece would have made quite the statement in its European country house. Also of note is the sporting art from the collection. John Frederick Herring Sr., Henry Alken, Sr., Charles Towne, Harry Hall and Sawrey Gilpin are all represented, with classic English depictions of horses in the 19th century. These dynamic equestrian portraits capture an era of landed gentry and the celebration of horse racing and fox hunting.

Complementing the Guest collection is property from the estate of Mimi Adler. Ms. Adler and her late husband, Max, also collected sporting art, silver, English and American furniture and Chinese Export armorial porcelain. Of particular note is an exceptional oil painting by the celebrated 18th century British sporting artist James Seymour (1702-1752). Hare Coursing is a superb picture that would be a welcomed addition to any serious collector. Also included in this collection is a terrific portrait of a gentleman on horseback by John N. Sartorius. The exceptional work captures the essence of an 18th century English gentleman riding in the countryside on a big bay horse. This picture has all the hallmarks of showcasing the high societal status of the rider.

The Adlers also collected a wide variety of both English and American furniture. They acquired objects from the top dealers in the field such as Israel Sack, Inc., Hirschl and Adler, James Robinson, Arthur Ackerman & Son, Inc., Mallet and Richard Green. The collection includes a superb Regency ebony-inlaid mahogany breakfront bookcase. With its delicately interlaced mullions, vibrant veneers and well-balanced proportions, the cabinet is truly a statement piece and would be the highlight of any room and collection.

There is also a magnificent 18th century George III carved giltwood looking glass. This piece is a masterpiece of the Rococo aesthetic. The flowing carving of foliage and scrolls is exceptional. Acquired from the New York firm, Israel Sack, Inc., is a superb Liverpool Success to America cider jug. Emblazoned with the American flag and eagle, this piece drums up patriotic fervor like no other. Israel Sack also sold the Adlers a great Federal writing desk that is signed by the Providence, Rhode Island cabinetmaker, William Clark. It’s a true historical document of American cabinetmaking. Another highly respected New York gallery, Hirschl and Adler, sold the couple a quintessential Severin Roesen Still Life of Fruit. The picture is brilliantly colored and symbolic of a bountiful and prosperous America.

Continuing along the theme of fine art, the NAMITS collection features a diverse selection of contemporary art from around the globe. The Belgian artist, Charlotte Culot, manages to capture a bold, yet light and airy feeling from her work titled Au Coeur de Blanc. This abstract representation of light white and yellow colors draws the viewer in and creates a calming effect that soothes the soul. The celebrated French artist, Francois Bard, doesn’t disappoint with his portrait bust of a man. Filled with frenetic energy and textured paint strokes, this work is mysterious and a visual delight.

Continuing along with European artists from different private collections is a small group of Pablo Picasso ceramics. These colorful and beautifully sculpted pieces offer a great opportunity to own something designed by one of the world’s most celebrated artists.

Complementing the Picasso ceramics is property from the collection of Mr. and Mrs. Peter G. Terian, including a pair of Percival Lafer green upholstered lounge chairs that features clean, rectilinear modern lines. The collection also boasts an Edward Wormely for Dunbar single drawer console table. Light and airy, this piece appears to be inspired by Chinese alter tables.

A Philip and Kelvin Laverne table from another collector also dovetails nicely with the aforementioned pieces.

The Millbrook School (Millbrook, N.Y.) has approved a selection of property to be deaccessed. Pieces include a wonderful watercolor by the French impressionist painter Paul Emile Pissarro. Continuing in the footsteps of his father, Camille Pissarro, and his godfather, Claude Monet, Paul’s work is evocative of these master technicians. There is also a nice selection of Chinese Export Blue Fitzhugh ceramics. This is a perfect opportunity for graduates to purchase a piece of their childhood and support the school that launched them into adulthood.

People can bid in absentia and online. An online preview is being held from October 13th thru October 27th-28th at www.nyeandcompany.com, www.liveauctioneers.com, www.bidsquare.com and www.invaluable.com. Anyone looking for additional images, condition reports or info about an object is invited to visit the Nye & Company website or email to This email address is being protected from spambots. You need JavaScript enabled to view it..

For more information about Nye & Company Auctioneers and the Estate Treasures online only auction on Wednesday and Thursday, October 27th-28th, visit www.nyeandcompany.com. The full color catalog can be viewed in its entirety right now, at www.nyeandcompany.com, www.liveauctioneers.com, www.bidsquare.com and www.invaluable.com.

Morgan Li Proud to Support Newly Launched Positive Directions TRP Academy

Custom Manufacturer Provides Design and Project Management Support to Transform Historic Abby Hotel into Therapeutic Teaching Community and Transitional Housing Program.

SAN FRANCISCO and CHICAGO HEIGHTS, Ill.—September xx, 2021—Morgan Li, a custom manufacturer of fixtures, furniture and graphics with hospitality clients including Choice Hotels, Hilton and Ritz Carlton, is proud to announce its support for the Positive Directions TRP Academy, a therapeutic teaching community (TTC) and transitional housing program launching in San Francisco.

Launching in September 2021, TRP Academy is a joint partnership between Positive Directions Equals Change, San Francisco Adult Probation and San Francisco Community Assessment & Services Center, providing treatment, recovery and prevention for justice-involved men. This TTC and transitional housing program offers residents space to rehabilitate, learn prosocial behaviors and develop a support network for lifelong recovery.

At a September 9 press event announcing the opening of TRP Academy, San Francisco Adult Probation Department Reentry Division Director Steve Adami tweeted, “This demonstrates what is possible when city leaders listen to the community - those of us who have been to prison having been advocating for this for years!”

To help residents progress through each phase of the Positive Directions Equals Change curriculum, TRP Academy needed a partner to help them convert the historic Abby Hotel into a space for recovery and growth. For that, they turned to custom manufacturer Morgan Li.

Already known for its 2019 work with Graduate Hotels and the Lebron James Family Foundation on the foundation’s I PROMISE Village, the Morgan Li team was equipped to handle and more than happy to take on this great cause.

To transform the 59-room hotel into a transitional housing facility, community area, and living space, Morgan Li provided design and project management support to reimagine the space and lead the renovation. Chief Creative Officer Tery Young worked with the academy to install efficient private bathrooms for each guestroom in the historic hotel, while providing additional leadership on the creation of the shared community space and kitchen.

“As an active member of the San Francisco community, I was ecstatic to have this opportunity to work with the city and the Positive Directions Equals Change team to transform this space,” said Tery R. Young, Chief Creative Officer and Hospitality Lead at Morgan Li. “It’s an honor to provide furniture and more to help TRP Academy create positive change for our city’s justice-involved community.”

To learn more about Morgan Li’s expertise in manufacturing for the hospitality industry, click here.

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About Morgan Li

Bring us your wildest designs. Your boldest plans. We want to see them, engineer them and build them. And more. For over 75 years, the Morgan Li team has specialized in taking our retail and hospitality clients’ plans from concept to rollout, matching specifications and smashing expectations. Headquartered in Chicago Heights, Illinois, Morgan Li combines 600,000 square feet of domestic production space with 3.2 million additional square feet of global manufacturing capabilities to combine wood, metal and graphics however you see fit. To learn more about Morgan Li, head to www.morganli.com or follow us on Twitter, Facebook, or LinkedIn.

About TRP Academy

Positive Directions TRP Academy is a culturally responsive, peer-led, abstinence-based, therapeutic teaching community (TTC) and transitional housing program. The mutual self-help community has a recovery orientation, focusing on whole-person care and overall lifestyle changes, not simply abstinence from drug use. ​​The TRP Academy infuses a strength-based approach into the program’s culturally responsive guiding principles of Respect, Interdependence, and Accountability.

India Consults Over Proposal to Strengthen Food Contact Regulations

The Ministry of Health and Family Welfare in India is currently consulting over a proposal to expand the number of substances in food contact plastic subject to a specific migration limit.

The proposal was issue in a notification on September 6, 2021, and the ministry will be accepting comments until November 5, 2021. If accepted, the draft – Food Safety and Standards (Packaging) Amendment Regulations, 2021 – will amend Food Safety and Standards (Packaging) Regulations, 2018. The proposed amendment adda antimony and bis 2-(ethylhexyl) phthalate (DEHP) to the list of regulated substances – increasing the total number from seven to nine.

The proposal would update to Regulation 4, Sub-regulation (4) Table 1 ‘Requirements for specific migration limits of substances from plastic materials intended to be in contact with articles of food’ to include:

  1. Barium: ≤ 1.0 mg/kg
  2. Cobalt: ≤ 0.05 mg/kg
  3. Copper: ≤ 5.0 mg/kg
  4. Iron: ≤ 48.0 mg/kg
  5. Lithium: ≤ 0.6 mg/kg
  6. Manganese: ≤ 0.6 mg/kg
  7. Zinc: ≤ 25.0 mg/kg
  8. Antimony: ≤ 0.04 mg/kg
  9. DEHP: ≤ 1.5 mg/kg

With national requirements for food contact materials constantly being updated around the world, Stakeholders are reminded of the importance of staying up to date with current and proposed regulatory requirements.

SGS Food Contact Materials Services

SGS’s technical experts have extensive experience of testing materials and articles in contact with food. They can ensure that your products meet the appropriate regulations for food contact materials and pave the way for compliance. SGS offers the full range of testing, including migration tests, along with expert advice on emerging regulations, compliance issues and documentation review. In the end, it’s only trusted because it’s tested. Learn more about SGS’s Food Contact Materials Services. 

SGS SafeGuardS keep you up to date with the latest news and developments in the consumer goods industry. Read the full India Proposes to Strengthen Food Contact Regulations SafeGuardS.

Subscribe here to receive SGS SafeGuardS direct to your inbox.

For further information contact:

Dr. HingWo Tsang

Global Information and Innovation Manager

Tel: (+852) 2774 7420

Jai Praveen Sharma
Assistant Manager
Tel: +91 98 116 77219

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About SGS

We are SGS – the world’s leading testing, inspection and certification company. We are recognized as the global benchmark for quality and integrity. Our 93,000 employees operate a network of 2,600 offices and laboratories, working together to enable a better, safer and more interconnected world.