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Renowned Entrepreneur John Paul DeJoria & Renew Logic Unveil new AI company, Vendidit, Pioneering Sustainable Solutions in Retail

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LAS VEGAS, Feb. 7, 2024 /PRNewswire/ — Today, business titan John Paul DeJoria, and reverse logistics veteran Gary Stephens, announce their latest endeavor, Vendidit, a software platform positioned to revolutionize the $800B secondary market for retail returns.

 

Vendidit is a first-of-its-kind, end-to-end platform that seamlessly connects retail sellers to secondary market buyers in a fraction of the time. What once took large companies a full week’s work on an Excel spreadsheet to get secondary buyer bids (who sell directly to end consumers), now can be done in a few minutes with its proprietary, state-of-the-art artificial intelligence. The end result keeps millions of perfectly good items from collecting dust and losing value on warehouse shelves or worse, ending up in the landfill.

That environmental focus is what drew billionaire business mogul John Paul DeJoria to invest in the company, which is a spinoff from another successful company he co-founded in 2016 – Renew Logic. Gary Stephens, the Co-founder and CEO of both companies, said that Vendidit addresses a pervasive issue that has been exacerbated by the global pandemic, noting that the surge in returns since the onset of COVID has reached unprecedented levels, with one in every six items purchased being returned.

“Unfortunately, returned items often languish on shelves or end up in landfills due to the absence of a more efficient system for connecting buyers and sellers in the aftermarket – a gap that Vendidit will fill. It is not only an enormous business opportunity, it is truly doing good for the planet,” said DeJoria.

“We’ve unlocked the missing piece of efficiency in the booming business of aftermarket returns,” explains Stephens, “What we’ve built presents a simple and intuitive way to transition the time-consuming and archaic manual selling process to an instant online platform, simplifying everything for both buyers and sellers. The reverse logistics industry has been in the dark ages of technology and now Vendidit will change the game by bringing AI into the retail returns industry. It matches retailers, desperate to move returns out, with secondary buyers desperate for inventory – in seconds.”

The platform seamlessly connects major enterprises with wholesalers, facilitating the absorption of millions of dollars’ worth of returned products quickly and efficiently. Streamlining the entire process on its platform, it houses the bidding process, inventory databases, billing and more. The result is thousands of warehouse trucks taken off the road, returned goods sold at the highest possible value and waste dramatically reduced. Vendidit increases revenue for retailers and secondary sellers while reducing environmental damage. 

Vendidit debuts at the Reverse Logistics Association Conference on Feb. 7, where they will be available at booths 107 and 207 to engage in discussions about its potential impact across industries. Reach out to the media contacts below for additional information.

Media Contacts:

General Media Inquiries
Narwhal Media Group
Jennifer Gooding 
jrgooding@narwhalmediagroup.com
Office: 646.981.0278

For the RLA Conference Feb. 6 – 8
i-Media Strategies
Kevin Benz
kevin@i-mediastrategies.com
Mobile: 512.550.5550

About Vendidit
Vendidit is a proprietary, end-to-end software platform that connects qualified secondary market buyers with retail returns sellers to drive maximum value for returns. The platform puts interested parties together seamlessly and simultaneously when returned products have the highest value.

It was co-founded by renowned entrepreneurs John Paul DeJoria and Gary Stephens and other reverse logistics industry veterans who saw a problem to be solved: retailers have returns inventory they can’t sell efficiently, and secondary market sellers (who can move inventory for them) don’t have enough of it or an efficient way to procure it.  In five words, Vendidit converts limited inventory into cash.

About Renew Logic:
Headquartered in Austin, Texas, Renew Logic provides single-source, custom solutions for global asset recovery and marketplace re-entry of consumer electronics and business technology systems. Renew Logic leads the industry by providing the world’s largest companies the most robust, cost-effective, value-added services in reverse logistics, IT asset recovery and remarketing.  Following the passion of John Paul and Eloise DeJoria, Renew Logic is committed to preserving the global prosperity of all life through sustainability and social responsibility. The company was founded in 2016.

About John Paul DeJoria 
John Paul DeJoria is a first-generation American turned entrepreneur, philanthropist and pillar of the business community.  Once homeless, he has struggled against the odds to achieve success, launching multiple global enterprises including Paul Mitchell hair products and Patron Spirits, while always supporting his motto, “Success Unshared is Failure.” He signed Bill Gates and Warren Buffet’s “Giving Pledge” as a formal promise to continue giving back.  John Paul has been profiled for his corporate and philanthropic initiatives across a multitude of media outlets including 20/20, CNN, Forbes, Fortune, Inc., and Fox, Fox Business News, Bloomberg, CNBC and NBC, and recently as a guest shark on Shark Tank.

About Gary Stephens 
Gary is a visionary technology executive and is an industry thought leader in reverse logisitics. He is the imagineer of both Vendidit, launched in 2024, and Renew Logic, which he started from a single pallet of recyclables in 2016. His previous career includes work on the Windows 95 launch team, being head of Windows NT updates under Steve Ballmer and Bill Gates and building a third electronics recycling company from scratch to $400M. His positive contributions to ethical business practices and industry improvements led to testifying before Congress in 2018 about smart, diverse employment policies. Beyond tech, Gary’s diverse passions include race car driving, piloting and philanthropy – particularly helping dog rescues.  He’s a proven leader, blending business acumen with a profound commitment to societal impact.

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SOURCE Vendidit

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Changsha polishes blueprint for tech-culture integration

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BEIJING, Dec. 2, 2024 /PRNewswire/ — A report from China Daily

Innovative approach spurs expansion of tourist industry

Limitless potential for revamping tourism is created when a city melds its dazzling culture with cutting-edge technology. Such is the case in Changsha, capital of Central China’s Hunan province, where a whirlwind of “culture plus technology” is sweeping the city, spurred by concerted efforts to blend industries with culture and shape new paradigms for tourism.

New business modes

Located on the bank of Liuyang River, Changsha’s Malanshan Video Cultural and Creative Industrial Park is home to more than 60,000 professionals who are excelling in the field of audio and video creation and production. With the support of technology, new cultural business modes have emerged there, forming a complete digital cultural industry chain that encompasses links such as content production, creativity, storage, broadcasting and trading.

At Skymedia, a large audio and video multimedia model released by Wondershare at Malanshan park, users can upload a photo and get a dynamic 3D effect video, or input text commands to generate music. The model boasts a wide variety of functions, including text-to-video generation, image-to-video generation and soundtracks, and is in commercial use. With the Skymedia model, creators can complete audio and video content production and editing more efficiently, significantly enhancing both the efficiency and quality of their creations.

As part of another project at Malanshan park, two people far apart don special pairs of “glasses” to become “close neighbors” in a virtual scene. Zou Jun, who is responsible for the project, said: “We define it as the next generation of communication, enabling real-time face-to-face interaction for remote business meetings, family communications and educational activities.”

The deep integration of culture and technology has led to the continuous emergence of new business modes and new scenarios at Malanshan park. According to statistics, over the past two years, more than 60 percent of leading enterprises attracted to the park are engaged in new business modes.

The animation and video game industry has become one of the fastest-growing new cultural sectors in recent years. Thanks to new infrastructure such as a video cloud platform, a supercomputing center and shared production center, Malanshan park has reduced the rendering time and costs for animation and game production by 30 percent. This has led to a strong trend of enterprises clustering together and scaling up capacity in the three-dimensional animation industry.

Currently, Malanshan park focuses on new technologies, new applications and new industries. It has established 16 scientific and technological innovation institutions and attracted 3,000-plus upstream and downstream enterprises.

By deeply applying digital technologies such as panoramic scanning, virtual reality and glasses-free 3D into the field of cultural heritage, other Changsha projects have brought precious historical relics back to life.

In August, Hunan Mango Digital Art Intelligence Technology launched a digital cultural museum application called Shanhai. This platform uses digital technology to present museum relics in a 3D form, allowing people to explore exhibitions anytime and anywhere on their mobile devices. The app offers vast digital collections and integrates functions such as 3D artifact appreciation, AI interaction and personalized museum experiences. It has quickly become popular online.

Digital technology helps relics be “reborn”, allowing audiences to seemingly travel back thousands of years while gaining an immersive understanding of the history and culture behind them. This year, Hunan Museum released a 3D digital image of Lady Xin Zhui, a woman whose remains have been well preserved for more than 2,000 years. Through the integration of advanced AI technology, motion capture technology and multiple disciplines including medicine and archaeology, the “sleeping beauty” has been brought back to life.

Besides relics in the museum, heritage in the wild can be “revived” with the help of high-tech solutions. The Wuxi site of stone tablets in Hunan’s Qiyang city is a large open-air site that preserves stone inscriptions from the Tang Dynasty (618-907), making it a rare treasure trove of calligraphic carvings. Due to natural causes, the surfaces of the inscriptions have experienced varying degrees of weathering, rendering many characters blurred and difficult to discern. The Malanshan cultural digitization innovation center, in collaboration with a team, utilized various digital technologies to rejuvenate the historical and cultural heritage, collecting images of each stele, employing techniques to achieve high-precision digital imaging, and forming a stele database.

Today, the database stores basic information about the inscriptions, which have been made clear and distinguishable, and provides things such as original photos and micro-trace images, as well as calibrating relationships between several hundred steles and hundreds of famous individuals. In the future, it could facilitate secondary creations around the inscriptions by experts, scholars and design teams.

Cultural tourism

Changsha’s innovative integration of culture and technology has given rise to new cultural tourism scenarios and business modes. From traditional real-world sightseeing to immersive experiences that blend the real with the virtual, new technologies can be found in the creation and dissemination of cultural content and interactive methods in cultural tourism, providing visitors with entirely new experiences.

In September, a digital exhibition hall, located next to Tianxin Pavilion, officially opened. The hall houses a vast collection of relics related to figures from Hunan history and also offers an immersive cultural experience via new digital and intelligent technologies. In one example, a digital image of Zhu Xi, a renowned philosopher from the Song Dynasty (960-1279), appears on a screen and can answer questions asked by visitors. The “digital human” Zhu Xi was created based on national supercomputing. Through AI technology, the great scholar’s attire, expressions and movements have been interpreted and he can engage in precise conversations with visitors. They can ask him abstract questions such as the meaning of “seeking truth from facts”, as well as trendy enquiries like “What are some of the best foods in Changsha?” or “What drinks did people in the Song Dynasty enjoy?”

View original content to download multimedia:https://www.prnewswire.com/news-releases/changsha-polishes-blueprint-for-tech-culture-integration-302320308.html

SOURCE China Daily

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Aurigo Software Strengthens Workforce with Strategic Hires from India’s Leading Engineering Institutions

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BENGALURU, India, Dec. 3, 2024 /PRNewswire/ — Aurigo Software, the leading provider of capital planning and construction management software for infrastructure and private owners, has strengthened its talent base with recent hires from India’s premier engineering colleges, such as BITS Goa, BITS Hyderabad, and NIT Trichy, among others. With their proximity to leading technology institutes, Aurigo’s Bangalore and Mysore offices offer opportunities for skilled graduates to contribute to impactful projects and collaborate with experienced mentors.

India has become the hub for Aurigo’s global research and development, where teams develop core strategies and build innovative solutions from the ground up. The company is expanding its product capabilities to extend digital twins by integrating design with capital planning, advancing its AI platform, and offering improved UI/UX. With roles spanning business analysis, DevOps, cloud operations, and software testing, the recent recruits will play a crucial part in driving innovation and maintaining the company’s reputation for quality and excellence.

“We’re excited to welcome these talented professionals at a pivotal time for Aurigo,” said Balaji Sreenivasan, CEO and founder of Aurigo Software. “Their energy and fresh perspectives will be vital to fuel the next phase of our innovation and global growth as we modernize our products and advance our investments in AI.”

Aurigo’s commitment to nurturing talent extends beyond recruitment. The company provides comprehensive training programs, mentorship opportunities, and a culture of continuous learning that enables employees to grow both personally and professionally. With over 500 professionals in its India offices, Aurigo offers new graduates a unique opportunity to build expertise in cloud technologies, AI/ML, capital program management, and managing core strategies.

The expansion serves as a testament to Aurigo’s progress as infrastructure and facility owners respond to the rising demand for capital program management solutions following the increase in investments across transportation, electricity, and water utilities in the U.S. The new talent pipeline supports the company’s commitment to innovation while offering skilled graduates and professionals the opportunity to contribute to impactful global projects.

About Aurigo Software

Aurigo builds software that helps build the world. Aurigo provides modern, cloud-based solutions for capital infrastructure and private owners to help plan with confidence, build with quality, and maintain their assets efficiently. With more than $300 billion of capital programs under management, Aurigo’s solutions are trusted by over 300 customers in transportation, water and utilities, healthcare, higher education, and government on over 40,000 projects across North America. Aurigo helps capital program executives make better decisions based on proprietary artificial intelligence and machine learning technology. Aurigo is a privately held U.S. corporation headquartered in Austin, Texas, with global offices in Canada and India.

View original content:https://www.prnewswire.com/in/news-releases/aurigo-software-strengthens-workforce-with-strategic-hires-from-indias-leading-engineering-institutions-302319498.html

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Delta Force | Official Global Open Beta Anthem Teaser

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LOS ANGELES, Dec. 2, 2024 /CNW/ — Team Jade, a renowned branch of TiMi Studio Group, is delighted to present the Official Global Open Beta Anthem Teaser for Delta Force. This teaser introduces “Fight”, a new track from the acclaimed composer duo 2WEI (Warriors, Still Here, Survivor), alongside a preview of the much-anticipated Warfare mode.

 

Warfare is a groundbreaking mode in Delta Force that delivers massive-scale PvP battles, immersing players in war simulations with expansive maps and an array of vehicles across land, air, and sea. The roster of maps will continue to grow, offering players an ever-evolving battlefield experience.

The Delta Force PC Open Beta launches December 5 and will be available for free on PC, Steam and Epic Games Store. The full anthem, “Fight”, will debut on the same day.

About Delta Force

Delta Force is the upcoming free-to-play tactical shooter that is the next installment of the beloved Delta Force series, which will feature large-scale multiplayer modes, as well as an action-packed single-player/co-op campaign, a deep weapons arsenal for customization, and more. Delta Force PC Open Beta launches on December 5th and players can join the fray by getting the game for free via its website, Steam and Epic Games Store pages.

About Team Jade

Team Jade is a notable branch of TiMi Studio Group renowned for Call of Duty: Mobile and Assault Fire, the latter being the most popular Chinese shooter game on PC for the past decade. With a roster of hundreds of industry veterans, the team has garnered multiple prestigious accolades, including BAFTA and TGA awards.

View original content to download multimedia:https://www.prnewswire.com/news-releases/delta-force–official-global-open-beta-anthem-teaser-302320270.html

SOURCE Team Jade

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