Technology
Enghouse Releases First Quarter Results
Published
1 year agoon
By
MARKHAM, ON, March 10, 2025 /CNW/ – Enghouse Systems Limited (TSX: ENGH) announces first quarter (unaudited) financial results for the period ended January 31, 2025. All figures are denominated in Canadian dollars unless otherwise indicated.
Revenue increased 2.9% to $124.0 million from $120.5 million in Q1 2024;Recurring revenue, which includes SaaS and maintenance services, grew 4.0% to $87.9 million compared to $84.6 million in Q1 2024, and represents 70.9% of total revenue, as we continue to prioritize this revenue stream;Results from operating activities decreased to $31.0 million compared to $32.6 million in Q1 2024;Net income was $21.9 million compared to $18.1 million in Q1 2024, as we grow our business with a focus on profitability;Adjusted EBITDA decreased to $33.1 million compared to $34.7 million, while achieving a 26.7% margin;Cash flow from operating activities, excluding changes in working capital, was $37.7 million compared to $35.6 million in the comparable period. Cash, cash equivalents and short-term investments were $271.1 million as at January 31, 2025.
The most recent quarter has brought about events that have created a great deal of uncertainty across the globe. There are new questions around trade flows, interest rates, commodity prices and other factors which point to increasing instability. Throughout this period, our first quarter operating performance continued its consistent positive trend and reflects our steady and disciplined approach to the business. In the quarter we achieved revenue of $124.0 million, representing a 2.9% increase compared to the prior year, while net income increased by 20.8% to $21.9 million or $0.40 per diluted share from $18.1 million or $0.33 per diluted share in the comparative quarter.
We remain focused on predictable recurring revenue streams with SaaS and maintenance services revenue increasing by 4.0% in the quarter. While transitioning from exclusively offering traditional on-premise solutions, we are strategically committed to offering customers a choice between on-premise and cloud solutions, which has allowed us to preserve both one-time and recurring revenue streams.
Cash flows from operating activities, excluding changes in working capital, were $37.7 million compared to $35.6 million in the prior year. During the first quarter we returned $14.4 million to shareholders through dividends and repurchased $6.0 million of our common shares. In addition, on December 16, 2024, Enghouse completed the acquisition of Aculab PLC, which provides a cutting-edge suite of solutions designed to elevate communication and security experiences, including AI-driven answering machine detection and advanced voice and face biometric technology. Even with these outflows, Enghouse closed the quarter with $271.1 million in cash, cash equivalents and short-term investments, down only marginally from our record of $274.7 million at October 31, 2024. We continue to have no external debt financing.
On March 4, 2025, the Company announced the acquisition of Margento R&D d.o.o., a European provider of transit fare collection, account-based ticketing, automatic vehicle tracking, and payment solutions based in Slovenia. Margento has a scalable and easy to deploy Mobility as a Service platform providing a unique user-centric mobile transit experience. This will augment our existing transportation offerings in the Asset Management Group.
Our strategic direction remains consistent and focused on long-term profitability and sustainability. We will continue to balance market demand by offering both SaaS and on-premise solutions and will not sacrifice profitability for revenue growth, which is reaffirmed by our ability to generate positive cash flows. Our robust cash position continues to allow us to capitalize on acquisitions that meet our thresholds and provide continued returns to our shareholders, also enabling us to increase our annual dividend for the 17th consecutive year.
Quarterly dividends:
Today, the Board of Directors approved an increase of 15.4% in the Company’s eligible quarterly dividend to $0.30 per common share, payable on May 30, 2025, to shareholders of record at the close of business on May 16, 2025.
Enghouse Systems Limited
Financial Highlights
(unaudited, in thousands of Canadian dollars)
For the periods ended January 31
Three months
2025
2024
Var ($)
Var (%)
Revenue
$ 124,000
$ 120,489
3,511
2.9
Direct costs
44,463
41,582
2,881
6.9
Revenue, net of direct costs
$
79,537
$
78,907
630
0.8
As a % of revenue
64.1 %
65.5 %
Operating expenses
48,457
46,180
2,277
4.9
Special charges
91
91
0
0.0
Results from operating activities
$
30,989
$
32,636
(1,647)
(5.0)
As a % of revenue
25.0 %
27.1 %
Amortization of acquired software and customer relationships
(8,479)
(10,374)
1,895
18.3
Foreign exchange gains (losses)
2,309
(1,717)
4,026
234.5
Interest expense – lease obligations
(128)
(150)
22
14.7
Finance income
2,304
2,361
(57)
(2.4)
Finance expenses
(3)
–
( 3)
–
Other income (expense)
299
(114)
413
362.3
Income before income taxes
$
27,291
$
22,642
4,649
20.5
Provision for income taxes
5,387
4,509
878
19.5
Net income for the period
$
21,904
$
18,133
3,771
20.8
Basic earnings per share
0.40
0.33
0.07
21.2
Diluted earnings per share
0.40
0.33
0.07
21.2
Cash flows from operating activities
21,249
19,899
1,350
6.8
Cash flows from operating activities excluding changes in working capital
37,741
35,557
2,184
6.1
Adjusted EBITDA
Results from operating activities
30,989
32,636
(1,647)
(5.0)
Depreciation
653
494
159
(32.2)
Depreciation of right-of-use assets
1,378
1,506
(128)
8.5
Special charges
91
91
0
0.0
Adjusted EBITDA
$
33,111
$
34,727
(1,616)
(4.7)
Adjusted EBITDA margin
26.7 %
28.8 %
Adjusted EBITDA per diluted share
$
0.60
$
0.63
( 0.03)
(4.8)
Condensed Consolidated Interim Statements of Financial Position
(in thousands of Canadian dollars)
(unaudited)
As at January 31,
2025
As at October 31,
2024
ASSETS
Current assets:
Cash and cash equivalents
$
270,304
$
274,240
Short-term investments
784
487
Accounts receivable
114,592
92,348
Prepaid expenses and other assets
19,061
16,100
404,741
383,175
Non-current assets:
Property and equipment
4,059
4,192
Right-of-use assets
11,771
11,473
Intangible assets
96,552
98,594
Goodwill
320,997
309,831
Deferred income tax assets
27,273
26,228
460,652
450,318
$
865,393
$
833,493
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities
$
67,970
$
70,087
Income taxes payable
7,849
5,525
Dividends payable
14,340
14,397
Provisions
1,777
1,834
Deferred revenue
132,397
114,080
Lease obligations
5,381
5,344
229,714
211,267
Non-current liabilities:
Deferred income tax liabilities
10,486
10,500
Deferred revenue
9,903
8,094
Net employee defined benefit obligation
2,075
2,081
Lease obligations
6,115
5,744
28,579
26,419
258,293
237,686
Shareholders’ equity
Share capital
117,750
118,217
Contributed surplus
9,878
9,764
Retained earnings
448,823
446,748
Accumulated other comprehensive income
30,649
21,078
607,100
595,807
$
865,393
$
833,493
Condensed Consolidated Interim Statements of Operations and Comprehensive Income
(in thousands of Canadian dollars, except per share amounts)
(unaudited)
Three months
Periods ended January 31
2025
2024
Revenue
Software licenses
$ 17,781
$ 16,975
SaaS and maintenance services
87,932
84,587
Professional services
16,108
15,945
Hardware
2,179
2,982
124,000
120,489
Direct costs
Software licenses
736
674
Services
42,497
39,531
Hardware
1,230
1,377
44,463
41,582
Revenue, net of direct costs
79,537
78,907
Operating expenses
Selling, general and administrative
23,636
22,869
Research and development
22,790
21,311
Depreciation
653
494
Depreciation of right-of-use assets
1,378
1,506
Special charges
91
91
48,548
46,271
Results from operating activities
30,989
32,636
Amortization of acquired software and customer relationships
(8,479)
(10,374)
Foreign exchange gains (losses)
2,309
(1,717)
Interest expense – lease obligations
(128)
(150)
Finance income
2,304
2,361
Finance expenses
(3)
–
Other income (expense)
299
(114)
Income before income taxes
27,291
22,642
Provision for income taxes
5,387
4,509
Net income for the period
$ 21,904
$ 18,133
Items that may be subsequently reclassified to income:
Cumulative translation adjustment
9,571
(8,017)
Other comprehensive income (loss)
9,571
(8,017)
Comprehensive income
$ 31,475
$ 10,116
Earnings per share
Basic
$ 0.40
$ 0.33
Diluted
$ 0.40
$ 0.33
Condensed Consolidated Interim Statements of Cash Flows
(in thousands of Canadian dollars)
(unaudited)
Three months
Periods ended January 31
2025
2024
OPERATING ACTIVITIES
Net income for the period
$ 21,904
$ 18,133
Adjustments for non-cash items
Depreciation
653
494
Depreciation of right-of-use assets
1,378
1,506
Interest expense – lease obligations
128
150
Amortization of acquired software and customer relationships
8,479
10,374
Stock-based compensation expense
108
277
Provision for income taxes
5,387
4,509
Finance expenses and other (income) expense
(296)
114
37,741
35,557
Changes in non-cash operating working capital
(11,891)
(13,140)
Income taxes paid
(4,601)
(2,518)
Net cash provided by operating activities
21,249
19,899
INVESTING ACTIVITIES
Net purchase of property and equipment
(404)
(360)
Acquisitions, net of cash acquired*
(6,586)
–
Recovery of purchase consideration for prior-year acquisitions
–
171
Net cash used in investing activities
(6,990)
(189)
FINANCING ACTIVITIES
Issuance of share capital
–
4,310
Normal course issuer bid share repurchases
(5,950)
–
Repayment of lease obligations
(1,374)
(1,602)
Dividends paid
(14,397)
(12,156)
Net cash used in financing activities
(21,721)
(9,448)
Impact of foreign exchange on cash and cash equivalents
3,526
(3,042)
(Decrease) increase in cash and cash equivalents
(3,936)
7,220
Cash and cash equivalents ─ beginning of period
274,240
239,532
Cash and cash equivalents ─ end of period
$ 270,304
$ 246,752
*Acquisitions are net of cash acquired of $2,620 for the three months ended January 31, 2025 and nil for the three months ended January 31, 2024.
Enghouse Systems Limited
Segment Reporting Information
(in thousands of Canadian dollars)
Three months ended January 31
2025
2024
IMG
AMG
Total
IMG
AMG
Total
Revenue
$
73,221
$
50,779
$
124,000
$
76,137
$
44,352
$
120,489
Direct costs
(25,713)
(18,750)
(44,463)
(25,406)
(16,176)
(41,582)
Revenue, net of direct costs
47,508
32,029
79,537
50,731
28,176
78,907
Operating expenses excluding special charges
(22,602)
(11,978)
(34,580)
(21,425)
(11,697)
(33,122)
Depreciation
(402)
(251)
(653)
(377)
(117)
(494)
Depreciation of right-of-use assets
(909)
(469)
(1,378)
(936)
(570)
(1,506)
Segment profit
$
23,595
$
19,331
$
42,926
$
27,993
$
15,792
$
43,785
Special charges
(91)
(91)
Corporate and shared service expenses
(11,846)
(11,058)
Results from operating activities
$
30,989
$
32,636
About Enghouse
Enghouse is a Canadian publicly traded company (TSX: ENGH) that provides a wide range of mission critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, education, telecommunications networks, IPTV, public safety and transit. The Company’s two-pronged strategy to grow earnings focuses on both organic growth and acquisitions, which, to date, have been funded only through cash flows from operating activities as the Company has no outstanding external debt financing. The Company is organized around two business segments, the Interactive Management Group (“IMG”) and the Asset Management Group (“AMG”) due to their unique customer segments and technology offerings. Further information about Enghouse may be obtained from the Company’s website at www.enghouse.com.
Conference Call and Webcast
A conference call to discuss the results will be held on Tuesday, March 11, 2025 at 8:45 a.m. EST. To participate, please call Local
+1-289-514-5100 or North American Toll-Free 1-800-717-1738. Confirmation code: 35790. A webcast is also available at: https://www.enghouse.com/investors.php.
****
The Company uses non-IFRS measures to assess its operating performance. Securities regulations require that companies caution readers that earnings and other measures adjusted to a basis other than IFRS do not have standardized meanings and are unlikely to be comparable to similar measures used by other companies. Accordingly, they should not be considered in isolation. The Company uses Adjusted EBITDA as a measure of operating performance. Therefore, Adjusted EBITDA may not be comparable to similar measures presented by other issuers. Adjusted EBITDA is calculated based on results from operating activities adjusted for depreciation of property and equipment and right-of-use assets, and special charges for acquisition related restructuring costs. Management uses Adjusted EBITDA to evaluate operating performance as it excludes amortization of software and intangibles (which is an accounting allocation of the cost of software and intangible assets arising on acquisition), any impact of finance and tax related activities, asset depreciation, foreign exchange gains and losses, other income and restructuring costs primarily related to acquisitions.
SOURCE Enghouse Systems Limited
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IMDA and Tencent Debut “Beyond the Screen” to Champion Real-World Connection through Digital Play
Published
4 hours agoon
May 2, 2026By
The launch is marked by the signing of an agreement between IMDA and Tencent to advance healthy digital habits and safe, responsible use of digital technologies among youths, parents, and families.
SINGAPORE, May 2, 2026 /PRNewswire/ — The Infocomm Media Development Authority (IMDA) and Tencent today jointly launched “Beyond the Screen: Healthy Digital Play”, a new digital wellbeing campaign that encourages healthy digital habits by bringing families into the conversation and strengthening real-world connection through healthy gameplay.
The campaign encourages families to bridge the gap between play and purpose through gaming. It showcases how digital play can foster deeper understanding, facilitate balanced routines, and build stronger connections at home.
“Digital spaces are already a natural part of how young people learn, play, and connect today,” said Mr Murphy Zhao, Country Manager of Tencent Singapore and Head of Tech Group, Tencent Games. “As a company with deep expertise across digital entertainment and communications, we want to play a constructive role by helping families build meaningful digital habits that extend beyond the screen.”
Advancing Family Digital Wellness In Partnership with IMDA
As part of the launch, IMDA and Tencent also signed an agreement to strengthen collaboration on initiatives in digital wellbeing. The agreement was signed by Ms Joanna Lam, Cluster Director for Digital Readiness, IMDA, and Mr Murphy Zhao, Country Manager of Tencent Singapore and Head of Tech Group, Tencent Games. The collaboration builds on Tencent’s ongoing cooperation with IMDA, in support of the national Digital for Life (DfL) movement, focusing on promoting online safety and healthy digital habits among youths, parents, and families.
Tencent will co-develop educational content with IMDA, as well as organise four community outreach activities, reaching out to an estimated 4,000 participants. The company will also commit S$ 25,000, which totals to S$ 50,000 with the government’s dollar-to-dollar matching, to the DfL Fund. The DfL Fund provides support for projects and activities promoting digital inclusion, digital literacy and digital wellness.
“Ensuring digital wellness is increasingly important, particularly for our children who are digital natives,” said Ms Joanna Lam, Cluster Director for Digital Readiness, IMDA. “Tencent has been a DfL partner since 2022, and I thank them for their continued commitment to the DfL cause. We look forward to deepening our collaboration with Tencent to empower parents and youths with practical guidance to build healthy digital habits and navigate the digital world safely together.”
Leading the Conversation on Healthy Digital Play
The inaugural Singapore launch event was officiated by Ms Jasmin Lau, Minister of State, Ministry of Digital Development and Information, and also hosted social service organisations from Singapore, Malaysia, Thailand, Indonesia, and the Philippines. At the event, families participated in gamified quiz experiences and took home educational materials designed to transform gaming into healthier routines at home.
The programme also featured a parenting talk that shared practical guidance on utilising games as a bridge for conversation at home. The session highlighted how, when guided by constructive routines, gaming can support the development of soft skills such as communication, teamwork, strategic thinking, and persistence.
During the event’s expert insights session, Mr Narasimman S/O Tivasiha Mani, psychotherapist and co-founder of local youth charity Impart, said, “Healthy gaming is not built through one-off rules. It grows through rapport, shared understanding, and everyday conversations. Through a collaborative process between educators, families, and the wider community, it becomes easier to set shared expectations and support balanced habits that carry beyond the screen.”
Building a Scalable Digital Wellbeing Framework for Southeast Asia
While digital habits may look different across the region, the underlying need is the same — helping families build healthier, more confident relationships with the digital world.
“Beyond the Screen” is part of Tencent’s broader commitment to fostering intentional digital play, equipping youths, parents, and educators with practical resources to build balanced routines, encourage respectful interactions, and strengthen open communication at home.
Insights from the Singapore launch will inform the rollout of the campaign across Southeast Asia in 2026, with local adaptations to meet the needs of diverse communities in the region.
About Digital for Life Movement
A Digital Future for All – In our increasingly digital world, everyone can play a part to help create a more inclusive digital future.
The Digital for Life (DfL) national movement, launched on 8 February 2021, aims to galvanise the community across the 3Ps (Private, Public and People) to help Singaporeans embrace digital as a lifelong pursuit and enrich lives through digital technology.
The DfL fund was also set up to support projects and activities promoting digital inclusion, digital literacy and digital wellness. Learn more about the DfL movement at digitalforlife.gov.sg.
About Infocomm Media Development Authority
The Infocomm Media Development Authority (IMDA) leads Singapore’s digital transformation by developing a vibrant digital economy and an inclusive digital society. As Architects of Singapore’s Digital Future, we foster growth in Infocomm Technology and Media sectors in concert with progressive regulations, harnessing frontier technologies, and developing local talent and digital infrastructure ecosystems to establish Singapore as a digital metropolis.
For more news and information, visit www.imda.gov.sg or follow IMDA on LinkedIn (IMDAsg), Facebook (IMDAsg) and Instagram (@imdasg).
About Tencent
Tencent is a world-leading internet and technology company that develops innovative products and services to improve the quality of life of people around the world. Our communication and social services connect more than one billion people around the world, helping them to keep in touch with friends and family, access transportation, pay for daily necessities, and even be entertained. Our financial technology business covers payment, credit, wealth management and insurance sectors, as we support our partners’ business growth and assist their digital upgrade through FinTech and other enterprise services. We also publish some of the world’s most popular video games and other high-quality digital content, enriching interactive entertainment experiences for people around the globe. Tencent was founded in Shenzhen, China, in 1998, and has been listed on the Main Board of the Stock Exchange of Hong Kong since 2004.
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/imda-and-tencent-debut-beyond-the-screen-to-champion-real-world-connection-through-digital-play-302760594.html
SOURCE IMDA; Tencent
Fast Guard Service alerts real estate owners and property managers: 2026 fire code updates to NFPA 25 will significantly affect sprinkler system compliance requirements — and insurance implications could not be more serious.
SAN JOSE, Calif., May 2, 2026 /PRNewswire/ — Fast Guard Service, one of the nation’s leading providers of licensed fire watch and security guard services, is urging commercial and residential property owners to take immediate stock of their fire sprinkler systems as sweeping 2026 updates to NFPA 25 — the national standard governing water-based fire protection system inspection, testing, and maintenance — take effect across the country.
The timing could not be more consequential. Private insurers are exiting fire-risk markets at an accelerating pace, dropping policyholders and limiting coverage in states from California to Florida. In this environment, a sprinkler system that fails a compliance check is no longer a routine maintenance issue. It is a potential grounds for claim denial or policy cancellation.
The 2026 edition of NFPA 25 introduces several changes property owners must act on now. Fire pump failures are formally classified as system impairments requiring immediate response. Supervisory valve testing moves to a semiannual schedule. Annual internal inspections are now mandatory for all dry, preaction, and deluge valves. And where corrosion-control technology has been used to justify smaller pipe sizes, ongoing maintenance of that equipment is now a codified legal obligation — not a recommendation.
Critically, any sprinkler system impairment — whether triggered by repair, renovation, freeze damage, or a compliance-driven upgrade — legally requires a certified fire watch for the duration of the outage under NFPA 1, NFPA 101, and local fire authority mandates. This is a condition of occupancy, not an option.
“The 2026 code updates will send a wave of sprinkler systems into inspection and repair cycles,” said a spokesperson for Fast Guard Service. “Every one of those impairment windows requires a fire watch on-site. We are prepared to be there.”
Fast Guard Service deploys certified fire watch personnel 24 hours a day, 7 days a week, anywhere in the United States — typically within hours of a client’s call. Guards conduct continuous patrols, maintain documentation accepted by insurers and code enforcement authorities, and coordinate directly with fire departments when needed.
Property owners who are unsure whether their sprinkler systems meet 2026 NFPA 25 requirements are encouraged to contact Fast Guard Service for guidance.
Founded in August 2013 and headquartered in Hollywood, Florida, Fast Guard Service is a fully licensed, bonded, and insured private security company operating in all 50 states. The company specializes in armed and unarmed security guards, fire watch services, executive protection, mobile surveillance, event security, and emergency response. Fast Guard Service is trusted by Fortune 500 companies, government entities, healthcare systems, commercial developers, and private clients nationwide.
All operations are tracked through the proprietary Fast Guard App, providing clients with real-time GPS reporting, live guard location updates, and digital incident documentation.
For an instant quote or same-day service, visit www.fastguardservice.com or call (844) 254-8273.
Press Release Service provided by 24-7PressRelease.com.
View original content:https://www.prnewswire.com/news-releases/does-your-building-have-fire-sprinklers-302760491.html
SOURCE Fast Guard Service
Technology
First Online Conversations Are Changing in 2026, According to New Secretmeet Research
Published
5 hours agoon
May 2, 2026By
New research from Secretmeet reveals that the classic “Hey” opener is dying out — and the way people initiate connections online in 2026 looks nothing like it did just three years ago.
GIBRALTAR, May 2, 2026 /PRNewswire-PRWeb/ — People are rethinking the first move. Not just what to say, but when to say it, how long to make it, and what emotional tone to lead with. Across the board, data from Secretmeet’s latest research study shows a clear shift in how online conversations begin in 2026.
The single-word opener? Largely gone. The copy-paste compliment? People spot it instantly. Secretmeet noted that what’s replacing them is more interesting — and more human.
The Death of the One-Word Opener
For years, “Hey,” “Hi,” and “Hello 👋” dominated opening messages on dating platforms. They required no effort and, accordingly, generated little response. According to data published by the Journal of Computer-Mediated Communication, conversational openers that include a specific reference to the recipient’s profile generate significantly higher response rates than generic greetings.
Secretmeet’s research confirms the trend is accelerating. In 2026, users who open with a question — particularly one tied to something specific in a profile — see measurably stronger engagement in the first exchange. The bar for a “good” first message has risen.
This doesn’t mean people need to write an essay. Short still works. But purposeful short beats lazy short every time.
One of the more striking findings from Secretmeet: wit is winning. Openers with a light, humorous tone — a playful observation, a self-aware joke, a clever hypothetical — are outperforming earnest, serious introductions in early conversation engagement.
The Timing Shift Nobody Expected
When people send that first message matters more than most realize. In a Secretmeet review of activity trends, data points to a notable behavioral change: users in 2026 are increasingly active during morning hours — particularly between 7 a.m. and 9 a.m. — a window that was almost entirely quiet just a few years ago.
Evening hours still dominate overall volume. But morning messages show a disproportionately high response rate. The theory? People checking their phones with coffee and no agenda are more present, less distracted, and more open to genuine interaction than those scrolling at midnight.
It’s a small tactical insight with a surprisingly large emotional implication: presence matters more than timing, and mornings are when people show up fully. Secretmeet’s data makes that case clearly.
What This Means for How We Connect
The bigger picture here isn’t about tactics. It’s about expectations. People arriving at online dating platforms in 2026 want something more immediate and more genuine than they did in 2020. The pandemic years accelerated a kind of emotional directness online — and that hasn’t reversed.
People want to feel seen in a first message. They want to laugh. They want a reason to respond. A Secretmeet review of first-message engagement data suggests that users are increasingly capable of signaling — and detecting — authentic intent right from the very first line.
The opening message has always mattered. What’s changed is how clearly people understand that now.
About Secretmeet
Secretmeet is an online dating platform built around one straightforward idea: conversations should feel good. Not stressful, not performative — genuinely enjoyable. The platform is designed for people who want warmth, a little wit, and the kind of back-and-forth that actually goes somewhere. Whether you’re looking for something serious or just a spark of something new, Secretmeet reviews its features continuously to ensure that the first message has a real chance of turning into something worth remembering.
Media Contact
Alice Ross, Secretmeet, 1 14844760121, smm@secretmeet.com, https://secretmeet.com/
View original content:https://www.prweb.com/releases/first-online-conversations-are-changing-in-2026-according-to-new-secretmeet-research-302759958.html
SOURCE Secretmeet
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