2 months ago

The Star: March 16, 2017

18 Thursday

18 Thursday March 16 2017 Latest Christchurch news at www. .kiwi The Star $ 9 99 kg Fresh Tegel NZ Skinless Chicken Breast Fillets $ 2 79 kg Loose/Truss Tomatoes $ 2 89 each $ 2 99 bunch Molenberg Bread 700g $ 6 00 each Sealord Fish Cakes Classic Crumb 6 Pack/Gluten Free Crumb 300g/Hoki Portions 450-480g/Sauced 460g 4 for $ 6 00 Bluebird Original/Thick/Thinly Cut Chips 140/150g/Burger Rings/Cheezels/Rashuns 110-120g $ 4 50 each Signature Range Ice Cream 2L All Good Ecuadorian Fair Trade Bananas $ 16 99 pack DB/Export Gold/Citrus/Tui 12 x 330ml Bottles Be in to $ 7 99 each Montana Classic 750ml year’s supply * of PURINA ONE cat or dog food. $ 6 99 each Nescafé Coffee Refill 170-180g A WIN Purchase any 2 x PURINA ONE products in a single transaction to go in the draw to win a year’s supply of PURINA ONE cat or dog food. Competition opens 06/03/17 and closes 02/04/17. Till receipt entry forms are given at checkouts with your purchase. Entry form box is located at the customer service desk. Draw occurs 03/04/17 and winners will be notified by 07/04/2017. Promoter – WDL (Wholesale Distributors Limited). Visit for full terms and conditions. *A year’s supply of cat food is 18 x 1.59kg bags ($422 RRP). A year’s supply of dog food is 25 x 3.63kg bags ($744 RRP). One winner in every store! FreshChoice Barrington | Merivale | Parklands Open 7 Days a week FreshChoiceNZ 0800 40 40 40 Customer Support Freephone Certain products may not be available in all stores. Savings are based on non-promotional price. Limits may apply. Prices apply from Thursday 16th March to Sunday 19th March 2017, or while stocks last. Owned and operated by locals FCCS1603

The Star 19 News Latest Christchurch news at www. Police exercise $1 buy-back of software .kiwi Thursday March 16 2017 NEW ZEALAND Police has taken up a $1 buy-back option for software it sold to failed developer Wynyard Group in 2012. Assistant commissioner Jevon McSkimming said in an emailed statement that the law enforcement agency had “exercised our right to buy back the IP rights for EVE (Environment for Virtualised Evidence)”. When Wynyard went bust five months ago NZ Police was undecided on whether or not to trigger the option. The agency developed the software in 2007 to help police build a virtual copy of seized electronics such as computers and mobile phones, which can then be searched without compromising the original evidence. Police sold it to Wynyard in 2012, which the software developer characterised as commercialising the product for export markets. No price was disclosed, though NZ Police’s 2013 annual report, which covered the period, showed the sale of intangible assets generating a $36,000 cash flow. Wynyard appointed voluntary administrators last October when the board decided a $10 million loan from shareholder Skipton Building Society or raising new debt or equity wasn’t in the best interests of the firm, its shareholders or other stakeholders. The administrators Neale Jackson and Grant Graham of KodaMentha generated just $2.8m from the sale of assets before they were appointed liquidators last month. The software developer’s insolvency triggered the NZ Police’s buy-back right for the intellectual property and any developments on the product, though Wynyard stopped investing in the digital forensics market in 2016 after an operational review led to trimming back the business into two lines. Police had two contracts with Wynyard at the time of its failure INTEREST: Craig Richardson, former chief executive of the Wynyard Group – a software licence, maintenance and hosting agreement, and IP transfer for the EVE. Between 2012 and 2016 Wynyard was paid $7.2m by police, of which $3.4m was in 2014, former Police Minister Judith Collins said in a response to a written parliamentary question. Wynyard had won a contract to supply the Serious Fraud Office with its investigator product, however, when faced with significant technical problems the white-collar crime investigator lost confidence in the company and its services, and terminated the three-year contract a year early. The New Zealand Defence Force has been a smaller customer of Wynyard’s with minister Gerry Brownlee saying the firm had been paid $47,455 by the military since 2008. Korda Mentha’s reports show Wynyard (NZ), the firm’s local trading entity, had 108 priority creditors owed $2.1m as at February 8, and another 224 unsecured creditors owed $177.9m who ultimately voted to liquidate the group of companies. Wynyard Group, the parent company, owed ASB Bank $75,000, and had $209,000 of cash on hand at the time of Jackson and Graham’s appointment in October. They valued Wynyard (NZ)’s total assets at $24.9m, of which $15.9m was attributed to software assets, and $6m in related party receivables. Of the $179.9m in total liabilities, some $171m was owed to Wynyard Group, with $6.7m to other unsecured creditors. Among the creditors named in the reports was Callaghan Innovation, which provided about $830,000 in research and development grant funding to Wynyard. Of that, $681,000 was outstanding as at January 11 under clawback provisions. NZ Police was also named as a creditor of the group. Wynyard was spun out of Christchurch’s Jade Software in early 2013 to free the intelligence software developer to pursue what had been rapid growth for the subsidiary. The IPO raised $65m for Wynyard, though the company only kept $26m to fund its growth ambitions, with the remainder paying out Jade for the intellectual property and covering outstanding debt. The split also included a services agreement where Wynyard would pay Jade for the sale and support of licences, managed services, development, consulting services and administrative support. The other leg of the deal would see Jade buy development services from Wynyard. – NZ Herald Baileys 700ml $29.99 Jim Beam 1 Litre $39.99 Jack Daniel’s 700ml $39.99 Dewar’s 1 Litre $35.99 Jamesons 1 Litre $47.99 Tanquerey Gin 1 Litre $47.99 Riverstone Range $9.99 Mudhouse Range $12.99 exc Pinot Noir Becks 12 Pack $21.99 64 Warrington Street Phone 385-1111 Billy Maverick 12 Pack $20.99 Marlborough Vodka 700ml $27.99 All specials valid until 31st of March or while stocks last. Only at Warrington liquor centre. ‘LIKE’ us on facebook to keep up with our latest deals and facebook only giveaways! /warringtonliquor