Mediaboss Marketing

1 March 2012 Last updated at 17:00 ET

Police searching for a Cheltenham man missing in the Cayman Islands say his mobile phone has been found in the sea.

Nathan Clarke, 30, was reported missing on Saturday night on the island of Grand Cayman.

A spokesperson for The Royal Cayman Islands Police Service (RCIPS) said it was found offshore in about 3m (10ft) of water.

They said no other property was found and no trace of Mr Clarke had been found despite "extensive searches".

"Examination of the phone has confirmed it is Nathan's. Nathan's partner and his family have been made aware of the development," the spokesperson said.

The RCIPS also confirmed the last call made from the phone was at 20:07 GMT to 20:09 on Saturday.

"There was no further activity registered on that phone," it added.

Mr Clarke works as a teacher on Grand Cayman, and has lived there for about four years.

He was last seen near Calico Jack's beach bar on West Bay Road on the Caribbean island wearing swimming shorts.

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Missing man's phone found in sea

NEW YORK (AP) -- Shares of Home Loan Servicing Solutions Ltd. dipped in their trading debut Wednesday after the stock's initial public offering priced at the low end of its anticipated range.

The Cayman Islands company set its IPO of approximately 13.3 million ordinary shares at $14 apiece. Home Loan Servicing had said it in a regulatory filing with the Securities and Exchange Commission that it expected to price the IPO between $14 and $16 per share.

In morning trading, the stock lost 40 cents, or 2.9 percent, to $13.60, with nearly 3 million shares changing hands early in the session.

Home Loan Servicing said it will also issue and sell an additional $10 million of its stock to founder and Chairman William Erbey at the IPO price in a concurrent private placement.

The company plans to use the offering's net proceeds to buy the right to receive servicing and other related fees, associated servicing advances and other related assets from Ocwen Loan Servicing LLC.

Erbey serves as Ocwen Financial Corp.'s chairman, according to the filing. Ocwen Loan Servicing is an Ocwen Financial subsidiary.

Home Loan Servicing is giving the underwriters a 30-day option to buy up to an additional 2 million ordinary shares to cover any excess demand.

Home Loan Servicing is trading on the Nasdaq Stock Exchange under the "HLSS" ticker symbol.

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Home Loan Servicing Solutions shares dip in debut

29 February 2012

The Cayman Islands' Economics and Statistics Office has reported that the island's economy began to recover from the economic downturn during the first nine months of 2011, with growth of 1.2% year-on-year recorded, compared to a contraction of 5.8% in the same period a year earlier.

Among the various economic sectors, the performance of the hotels and restaurants, and real estate, renting and business services stood out as these were estimated to have grown by 7.5% and 3.4% respectively. However, the financial services sector continues to see mixed results.

Banking deposits fell by 2% over the period to September 2011 to USD5.16 trillion. As of September 2011, the total number of licensed bank and trust companies stood at 250 - down by 4.6% from 262 a year ago. Similarly, licences issued to trust companies decreased by 4.7% to 123.

During the nine-month period, applicants from Europe and USA led the Caymans' banking licencees accounting for 29.2% and 26.4%, respectively. The distribution of other banking licence sources was as follows: South America 17.2%; Asia and Australia 10.0%; Caribbean and Central America 8.4%; Canada and Mexico 5.2%; and the Middle East and Africa 3.6%.

In the insurance industry, the number of captive insurers fell marginally over the period, while premiums improved to USD2.07bn. The number of mutual funds fell by 1.7% year-on-year.

The Cayman Islands Stock Exchange experienced a growth in listings of 1.5% from 1,116 in September 2010 to 1,133 in September 2011.

The Cayman Islands also witnessed growth in terms of company registrations, to 7,063 compared with 6,192 over the same period of 2010, a 14.1% increase.

Despite weak economic performance, the Cayman Islands government was successful in significantly reducing the deficit from USD61.3m a year ago to USD17m. Revenues increased by 6.5% over the period while expenditure increased at a lesser rate of 3.6%. Capital expenditures fell markedly.

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Mixed Fortunes For Cayman Finance Industry

Scholarship represents the Governments effort to facilitate more Caymanian involvement in the tourism industry

(PRWEB) February 29, 2012

Since its inception in 1996, this annual scholarship has awarded over 95 students either full or partial scholarships. Many of these students have gone on to work full time in the tourism industry, and some of the Ministrys graduates now hold senior positions at the Department of Tourism and other tourism establishments, most notably the Department of Tourisms Director, Shomari Scott, acting.

One of the primary goals of the online scholarship is to attract a steady stream of skilled and enthusiastic tourism professionals who can actively contribute to the future prosperity of the tourism sector. The Ministry and Department of Tourism are working hard to achieve this through the Scholarship Program and through other initiatives such as the Tourism Apprenticeship Training Program.

Local students were awarded MOT scholarships in disciplines such as Marketing, Public Relations and Communications, Tourism and Environmental Management, Hotel Management, Travel Tourism and Hospitality and the Visual Arts at universities and colleges in the US, England and Canada.

For further information about the scholarship program please contact Ms. Dianne Conolly at the Department of Tourism by telephone at 244-1252 or by email at dconolly(at)caymanislands(dot)ky.

About WizeHive

WizeHive offers a cloud-based platform that automates an organizations forms, workflows and business processes. These tools have been used to automate contests with WizeHive's Online Contest Software; scholarships with WizeHive's Scholarship Management Software; sales processes and more.

About Cayman Islands Ministry of Tourism

The Department of Tourism was established in 1974 and falls under the mandate of the Ministry of Financial Services, Tourism and Development. This Ministry organises and directs the activities for many departments all of which have similar goals; to protect the environment, support the economy, promote the islands as a premier destination for visitors and to support local businesses and business people.

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Cayman Islands Ministry of Tourism Continues Scholarship Program for Students Planning Careers in Tourism

GRAND CAYMAN, CAYMAN ISLANDS--(Marketwire -02/23/12)- Golden Frog, the premier global software developer, announces today the update of their VyprVPN App for Giganews to 1.0. The update to VyprVPN App for Giganews 1.0 includes numerous improvements to the user interface and functionality.

In November 2011, Golden Frog launched the VyprVPN App in its Beta form. Shortly after, Giganews partnered with Golden Frog to introduce the VyprVPN App for Giganews as a free application for every Diamond Giganews member, allowing customers to automatically configure and easily manage their VyprVPN connections. Golden Frog's VyprVPN is a personal Virtual Private Network (VPN) service that provides a secure, encrypted connection to the Internet. VyprVPN utilizes PPTP, L2TP/IPSec and OpenVPN protocols to protect online privacy. In addition to unlimited speeds, unlimited IP address availability and no download caps, the VyprVPN App for Giganews lets customers easily switch between VPN protocols and North American, European and Asian VyprVPN server locations with a single click.

"The feedback we've received from Giganews customers has helped us to polish up virtually every aspect of the VyprVPN App with better performance, better usability, more security and increased reliability," explains Philip Molter, CTO at Golden Frog. "We've made numerous improvements to the user interface and the 'under the hood' functionality that it only made sense to remove 'Beta' from the name altogether."

VyprVPN App 1.0 for Giganews new features:

Native support for more languages Multitude of look and feel improvements throughout the application Improved PPTP and L2TP security Improved OpenVPN speed and reliability

Read the VyprVPN App change log to learn about all the improvements found in this update.

Golden Frog began its partnership with Giganews 18 months ago, and both companies have seen significant success from the development of new online tools and services for Giganews members.

"Since the beginning of our partnership with Golden Frog, we've experienced double-digit growth in new accounts and account upgrades, plus a huge increase in customer retention," states Ed Henigin, CTO at Giganews. "We can only expect that as Golden Frog continues to make improvements to the VyprVPN App, business will continue to thrive."

New members can sign up for a Giganews membership. Companies interested in learning more about partnering with Golden Frog, please read more about our corporate partnership program.

For more information about Golden Frog and VyprVPN, please visit http://www.goldenfrog.com, or email marketing@goldenfrog.com

Stay up-to-date on Golden Frog by subscribing to the Golden Frog blog, or follow on Twitter, Facebook, or Google +.

About Golden Frog
Golden Frog is a global software developer of Internet applications focused on reliability, performance, and security. We care about the open Internet and create superior software and services that help people access its full potential. Learn more about Golden Frog at https://www.goldenfrog.com.

Golden Frog, Dump Truck and VyprVPN are trademarks of Golden Frog, Inc. All other trademarks mentioned in this document are the property of their respective owners.

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Golden Frog Launches VyprVPN App for Giganews 1.0