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At the second meeting of creditors on Tuesday 27th August, the Deed of Company Arrangement put forward by administrator Simon Thorn of PKF was passed and will come into force. The deciding factor was when the ATO said they would support it in light of the 30 cents in the dollar eventual return, whereas a liquidation scenario would likely return zero.
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The Centre Alliance party will reintroduce a Senate bill in the next sitting week to ban the importation of flammable cladding, a move that one Coalition senator has warned could "destroy thousands of small businesses, particularly those in the signage industry.”
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There are still limited spaces available for next week’s SGIA Colour Management Bootcamp at Starleaton in Melbourne (3-5 Sept), an intensive three-day course led by experts David Crowther (The Colour Doctor) and Peter Way (Starleaton) that will focus on colour management for wide format printers.
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Print and marketing business IVE Group delivered another year of substantial growth, with revenue up 4.1% to $724 million in the 12 months ended June 2019 and net profit after tax rising by 4.4% to $37.5 million – despite what it calls “softer trading conditions” in the second half.
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Out-of-Home advertiser oOh!media recorded a healthy 5% revenue increase to $309 million in the half-year ended 30 June but profit after tax slumped by 24% to $9 million - in part due to “subdued trading” during the May federal election.
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A new combination of Xeikon’s X-800 workflow and PantherCure UV ink allows printers using the Panther inkjet press to enhance their range of labels by generating a tactile and textured layer.
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Despite a slight drop in visitor numbers, the co-located PrintEx19, Visual Impact and the Label & Packaging Expo generated value for both the visitors who made time to attend and for exhibitors who signed millions of dollars’ worth of deals at the show.
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Outdoor advertiser QMS Media delivered “a strong operational and financial performance” in the first half of 2019, with revenue up 23% to $128 million on the same period last year and net profit after tax up 65% to $16.5 million.
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Photographer Brady Michaels travelled 40,000km throughout the country in a year to capture iconic and “distinctly Australian” signage for his book, Signs of Australia: Vintage signs from the city to the outback.
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Australian Small Business and Family Enterprise Ombudsman Kate Carnell has launched the Business Energy Advice Program that offers free advice to small businesses to help choose best-priced energy options.
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Hope Green, Passion Red, Fun Purple, Wave Blue and Energetic Yellow - Avery Dennison Graphics Solutions has introduced five new satin and gloss metallic colours to its Supreme Wrapping Film portfolio.
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The show may be over but the follow-up lingers on. Most exhibitors reported good business and lead generation, showing that the industry is still investing in technology, which is good.
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In his report to Creditors ahead of the second meeting on Tuesday 27th August, the Administrator of Clear Skies Corp Pty Ltd, trading as Skope Group Services Manufacturing, Scream Visual Wholesale Manufacturing and FM Engineering & Wholesale Sign Manufacturing – Mr Simon Thorn of PKF states that the Company may have traded insolvently since 2017. Sign company Skope Group has put in an offer to buy Clear Skies for $100K and guarantee the 22 jobs, plus most entitlements.
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After receiving a rush of inquiries from signage companies about the new national construction code (NCC-2019), a fire ratings expert has compiled a helpful guide that outlines how to comply with the new regulations.
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Gavin Gomes, the former executive general manager at Canon Australia, has been named the new executive GM at ASX-listed managed print business CSG, where he’ll be responsible for Print and Technology operations in Australia.
- Epson introduces new 44-inch dye-sub inkjet printer
- Drytac adds thousands of ICC profiles to revamped website
- Turn waste plastic into 3D filament, says Australian inventor
- Mimaki focuses on ‘new frontiers’ for 3D applications
- 45,000 expected at Sign China
- Visualcom takes Large Format gold at National Print Awards
- oOh!media says sharp decline in bookings forces $27m downgrade
- Roland DG offers upgrade for LEF-20 and LEF-200 users
- A Stitch in time looks fine for HP
- First look at new Mutoh XpertJet at PrintEx
- Epson Australia enters new era and adds major new products
- ‘Demand certification from suppliers’: ASGA fire ratings forum at PrintEx
- Signies check out new HEXIS printable films at PrintEx & do Battle
- Imagination Graphics buys Konica Minolta B2 UV inkjet AccurioJet KM-1
- PrintEx opens - Spandex ambushes - Andy McCourt
