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https://www.wafb.com/2022/03/31/alexandria-man-accused-100-counts-1st-degree-rape/
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Alexandria man accused of 100 counts of 1st-degree rape
ALEXANDRIA, La. (KALB) - An Alexandria man has been accused of committing 100 counts of first-degree rape, among other charges.
The Rapides Parish Sheriff’s Office said Israel Jermaine Williams, 38, was named a suspect after they were contacted about a report of possible sex trafficking of a juvenile that was connected to Alexandria. The report originated with an investigation conducted by the Pensacola Florida Police Department.
Following an investigation that involved the Children’s Advocacy Center, the Louisiana Department of Child and Family Services, the Alexandria Police Department and the Cenla Child Trafficking Task Force, Williams was taken into custody on March 25, 2022, and booked into the Rapides Parish Detention Center, where he is being held on a $5,453,000 bond. He was charged with the following:
- 100 counts of First-Degree Rape
- Two counts of Molestation of a Juvenile Victim Under 13 Years of Age
- Obstruction of Justice
- Issuing Worthless Checks
- Contempt of Court
This is still an ongoing investigation. Anyone with information that can help with the case can contact the RPSO Special Victims Unit at (318) 473-6727.
Click here to report a typo. Please provide the title of the article in your email.
Copyright 2022 KALB. All rights reserved.
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https://www.wafb.com/2022/04/01/oscars-producer-says-police-offered-arrest-will-smith/
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Oscars producer says police offered to arrest Will Smith
LOS ANGELES (AP) — Oscars producer Will Packer said Los Angeles police were ready to arrest Will Smith after Smith slapped Chris Rock on the Academy Awards stage.
“They were saying, you know, this is battery, was a word they used in that moment,” Packer said in a clip released by ABC News Thursday night of an interview he gave to “Good Morning America.” “They said we will go get him. We are prepared. We’re prepared to get him right now. You can press charges, we can arrest him. They were laying out the options.”
But Packer said Rock was “very dismissive” of the idea.
“He was like, ‘No, no, no, I’m fine,” Packer said. “And even to the point where I said, ‘Rock, let them finish.’ The LAPD officers finished laying out what his options were and they said, ‘Would you like us to take any action?’ And he said no.”
The LAPD said in a statement after Sunday night’s ceremony that they were aware of the incident, and that Rock had declined to file a police report. The department declined comment Thursday on Packer’s interview, a longer version of which will air on Friday morning.
The Academy of Motion Pictures Arts and Sciences met Wednesday to initiate disciplinary proceedings against Smith for violations against the group’s standards of conduct. Smith could be suspended, expelled or otherwise sanctioned.
The academy said in a statement that “Mr. Smith’s actions at the 94th Oscars were a deeply shocking, traumatic event to witness in-person and on television.”
Without giving specifics, the academy said Smith was asked to leave the ceremony at the Dolby Theatre, but refused to do so.
Smith strode from his front row seat on to the stage and slapped Rock after a joke Rock made about Smith’s wife, Jada Pinkett Smith, when he was on stage to present the Oscar for best documentary.
On Monday, Smith issued an apology to Rock, the academy and to viewers, saying “I was out of line and I was wrong.”
The academy said Smith has the opportunity to defend himself in a written response before the board meets again on April 18.
Rock publicly addressed the incident for the first time, but only briefly, at the beginning of a standup show Wednesday night in Boston, where he was greeted by a thunderous standing ovation. He said “I’m still kind of processing what happened.”
___
Follow AP Entertainment Writer Andrew Dalton on Twitter: https://twitter.com/andyjamesdalton
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wafb.com/2022/04/01/usda-forecasting-higher-food-grocery-costs-2022/
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USDA forecasting higher food, grocery costs in 2022
(Gray News) - It looks like elevated food prices are going to continue this year, according to the U.S. Department of Agriculture.
The USDA released its Food Price Outlook for 2022 and predicted the cost of groceries would continue to increase to as much as 4%.
According to the Consumer Price Index, grocery and supermarket food prices were already 8.6% higher in February than last year and up nearly 1.5% from January to February in 2022.
As reported by the Associated Press, prices for U.S. consumers have continued to jump recently, leaving families facing the highest inflation rate since 1990.
“We’re getting into this situation where we have spiraling inflation,” said Jay Hatfield, CEO of Infrastructure Capital Advisors. “Inflation in one area drives inflation in another.”
Currently, the CPI reports all food categories are increasing in price other than fresh vegetables. Last year, the beef and veal categories had the most significant price increase of 9.3%, and the fresh vegetable category had the smallest at 1.1%. However, no food categories decreased in price in 2021.
Poultry prices are also expected to increase up to 7%, with egg prices predicted to increase up to 3.5% in 2022.
Overall, grocery store and supermarket food purchases are expected to increase up to 4%, with restaurant purchases or food away from home forecasted to increase up to 6.5%, according to the USDA.
Copyright 2022 Gray Media Group, Inc. All rights reserved.
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https://www.wafb.com/prnewswire/2022/03/31/american-homes-4-rent-announces-pricing-public-offering-600-million-3625-senior-notes-due-2032-300-million-4300-senior-notes-due-2052/
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CALABASAS, Calif., March 31, 2022 /PRNewswire/ -- American Homes 4 Rent (NYSE: AMH) (the "Company") today announced that its operating partnership, American Homes 4 Rent, L.P. (the "Operating Partnership"), has priced an offering of $600 million aggregate principal amount of 3.625% Senior Notes due 2032 (the "2032 Notes") and $300 million aggregate principal amount of 4.300% Senior Notes due 2052 (the "2052 Notes" and together with the 2032 Notes, the "Notes"). The 2032 Notes will be issued at 97.517% of par value with a coupon of 3.625% per annum. The 2052 Notes will be issued at 97.237% of par value with a coupon of 4.300% per annum. Interest on the Notes is payable semi-annually in arrears on April 15 and October 15 of each year, commencing October 15, 2022. The 2032 Notes will mature on April 15, 2032 and the 2052 Notes will mature on April 15, 2052. The offering is subject to the satisfaction of customary closing conditions and is expected to close on or about April 7, 2022.
The Operating Partnership intends to use the net proceeds from the offering to repay amounts outstanding on its revolving credit facility and any remaining net proceeds for general corporate purposes, including, without limitation, property acquisitions and developments, the expansion, redevelopment and/or improvement of existing properties in its portfolio, other capital expenditures, the redemption of its Series F preferred shares, the redemption of its other preferred shares, the repayment of outstanding indebtedness, working capital and other general purposes.
BofA Securities, J.P. Morgan and PNC Capital Markets LLC are acting as joint book-running managers for the offering, and Wells Fargo Securities, BMO Capital Markets, Citigroup, Morgan Stanley and Raymond James are acting as book-running managers for the offering. Mizuho Securities, Scotiabank, US Bancorp, Regions Securities LLC, Ramirez & Co., Inc. and RBC Capital Markets are acting as co-managers for the offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful before registration or qualification thereof under the securities laws of any such state or jurisdiction.
The offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC") and only by means of a prospectus and prospectus supplement. Copies of the preliminary prospectus supplement relating to the offering and the final prospectus supplement, when available, may be obtained by visiting EDGAR on the SEC's website at www.sec.gov or from BofA Securities, Inc., 200 North College Street, NC1-004-03-43, Charlotte, NC 28255-0001, Attn: Prospectus Department, by telephone at 1-800-294-1322 or by email at dg.prospectus_requests@bofa.com; J.P. Morgan Securities LLC, Attn: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 1-866-803-9204; and PNC Capital Markets LLC, The Tower at PNC Plaza, 300 Fifth Avenue, Floor 10, Pittsburgh, PA 15222, or by telephone at 1-855-881-0697.
About American Homes 4 Rent
American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is a nationally recognized brand for rental homes, known for high-quality, good value and resident satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties. As of December 31, 2021, we owned 57,024 single-family properties in selected submarkets in 22 states.
Forward-Looking Statements
This press release contains "forward-looking statements" that relate to beliefs, expectations or intentions and similar statements concerning matters that are not of historical fact and are generally accompanied by words such as "estimate," "project," "predict," "believe," "expect," "anticipate," "intend," "potential," "plan," "goal," "outlook," "guidance" or other words that convey the uncertainty of future events or outcomes. These forward-looking statements may include, but are not limited to, the Operating Partnership's ability to complete the offering and the intended use of net proceeds. The Operating Partnership has based these forward-looking statements on its current expectations and assumptions about future events. While the Operating Partnership's management considers these expectations to be reasonable, they are inherently subject to risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond the Operating Partnership's control and could cause actual results to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. These and other important factors, including "Risk Factors" disclosed in, or incorporated by reference into, the prospectus from the Company's and the Operating Partnership's Annual Report on Form 10-K for the year ended December 31, 2021, and in the Company's and the Operating Partnership's subsequent filings with the SEC, may cause the Operating Partnership's actual results to differ materially from anticipated results expressed or implied by these forward-looking statements. Investors should not place undue reliance on these forward-looking statements. The Company undertakes no obligation to update any forward-looking statement to conform to actual results or changes in expectations, unless required by applicable law.
Contact:
American Homes 4 Rent
Investor Relations
Phone: (855) 794-2447
Email: investors@ah4r.com
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https://www.wafb.com/prnewswire/2022/03/31/aphelion-aerospace-secures-investment-mercury-group-founder-advisors/
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DENVER, March 31, 2022 /PRNewswire/ -- Aphelion Aerospace, based in Denver, Colorado is establishing itself as a one-stop-shop for low-cost small satellite integration and on-demand launch operations from practically anywhere around the world. Aphelion announced today that it has received significant investment from strategic investors including The Mercury Group, Founder Advisors, and Richtr Financial Studio. These investments are part of Aphelion's Seed round which the company is running in parallel with their equity crowdfunding campaign on StartEngine.
Aphelion CEO Miguel Ayala and CTO Matthew Travis indicate that these investments will help them continue pushing forward with the development of their suborbital launch vehicle technology demonstrator. They plan to conduct low-altitude suborbital demonstration launches by the end of the year to prove out their green non-toxic, non-cryogenic propulsion technology in flight.
Based on the caliber and background of their board advisors and investors, it is clear that the Aphelion team is positioning to become a strong player in the space industry. Last year, Aphelion announced that Edward Mango, former Program Manager of the NASA Commercial Crew Transportation Program had joined their board of advisors. Mr. Mango is one of the key NASA leaders behind the success of SpaceX. Aphelion also announced that Kevin Rice, former Director of Business Management at NASA Jet Propulsion Laboratory and Lockheed Martin Skunk Works had joined their board of advisors. Mr. Rice practically wrote the book on business management for NASA. In addition, Aphelion announced that Geoff Brim, former VP of Product Management at Deutsche Telekom had joined their board of advisors. Mr. Brim evangelized digital transformation, data science, artificial intelligence, and robotics at Deutsche Telekom.
Now come Aphelion's visionary investors. Ben West of The Mercury Group is a US Air Force veteran. Before his years in finance, Ben was an F117A and F16 Crew Chief. He is well aware that military fighter jets use hydrazine in their emergency power units. He knows very well that hydrazine is extremely toxic and thus costly and slow to deal with. He is also aware that other uses of hydrazine include spacecraft propulsion. Hearing that Aphelion had developed a propulsion technology that could essentially replace anything hydrazine powered was music to his ears. Ben feels excited to back Aphelion with investment and plans to continue supporting Aphelion along its journey to bring this new technology to market.
Steven Williams, of Founder Advisors advises Aphelion on market strategy. Along with Steven, the Founder Advisors team provides corporate and business strategy advisory to Aphelion. They are composed of accomplished aerospace and tech entrepreneurs and executives like Steven. Some have spent years in launch vehicle development at companies such as Lockheed Martin. These guys truly understand and value the business model that Aphelion is structuring for bundled small satellite integration and launch services.
James Graham, CEO of Richtr Financial Studio, is an ardent supporter of Aphelion's possibilities. Richtr Financial Studio supports Aphelion with financial and accounting services. They are a powerhouse for startups that are poised for exponential growth.
For more information about Aphelion Aerospace, please visit: https://aphelionaerospace.com
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https://www.wafb.com/prnewswire/2022/03/31/aridis-pharmaceuticals-announces-2021-fourth-quarter-year-end-financial-results-business-update/
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Awarded funding from the Gates Foundation to support development of inhaled formulation technology to deliver cost-effective monoclonal antibodies against influenza and COVID-19
LOS GATOS, Calif., March 31, 2022 /PRNewswire/ -- Aridis Pharmaceuticals, Inc. (Nasdaq: ARDS), a biopharmaceutical company focused on the discovery and development of novel anti-infective therapies to treat life-threatening infections, today reported financial and corporate results for its fourth quarter and year ended December 31, 2021.
Fourth Quarter Highlights
- Continued enrollment in the Company's Phase 2a study of AR-501 targeting cystic fibrosis (CF), conducted in collaboration with the funding support from the CF Foundation. Aridis is on track to report top-line data from this CF study in mid-2022.
- Continued enrollment in the Company's Phase 3 study evaluating AR-301 for the treatment of Ventilator Associated Pneumonia (VAP). Aridis is on track to report top-line data in the second half of 2022.
- The Company is on track to initiate the Phase 3 trial of AR-320 for the prevention of VAP in mid-2022 following regulatory feedback on the clinical development plans and Phase 3 study design received from the U.S. Food and Drug Administration (FDA) and European Medicines Agency (EMA). Clarity on the regulatory pathway to the registrational Phase 3 trial and licensure has been achieved. The Phase 3 SAATELLITE-2 study will be conducted in collaboration with the COMBACTE-Net consortium of HAP/VAP experts, funded up to 25 million Euros by the Innovative Medicines Initiative (IMI) program of the European Commission.
- Reported preclinical data demonstrating that AR-701, the Company's first fully human monoclonal antibody (mAb) cocktail, is broadly reactive against the Omicron and other SARS-CoV-2 (COVID-19) variants, SARS (Severe Acute Respiratory Syndrome), MERS (Middle East Respiratory Syndrome Coronavirus), and multiple seasonal ('common cold') human coronavirus strains.
- In January 2022, Aridis announced that it had received a $1.9 million grant from the Bill and Melinda Gates Foundation (Gates Foundation) to evaluate the application of the Company's inhaled formulation technology to deliver cost-effective monoclonal antibodies (mAbs) against influenza and SARS-CoV-2 to people in low- and middle-income countries.
- Signed loan agreement for $10 million in non-dilutive financing with Streeterville Capital. Received first $5 million payment in November 2021 and the second $5 million payment in February 2022.
"I am proud of our team's work in 2021 as we strengthened our foundation and advanced key development programs," commented Vu Truong, Ph.D., Chief Executive Officer of Aridis Pharmaceuticals. "2022 will be a pivotal year for Aridis as we achieve important clinical milestones, including data readout from our AR-501 Phase 2a and AR-301 Phase 3 studies as well as the initiation of the AR-320 registrational Phase 3 study, and the anticipated launch of the first-in-human clinical study of AR-701. We look forward to sharing further updates on the progress of these programs in the coming months as we continue to build our leadership in the respiratory health space."
Clinical Program Update
AR-301 (tosatoxumab): AR-301 is being evaluated in a Phase 3 clinical study as an adjunctive treatment to standard of care antibiotics in S. aureus VAP patients. The ongoing AR-301 Phase 3 study remains blinded, and the independent Data Monitoring Committee with access to unblinded data continues to monitor study subjects for safety and has not expressed any safety concerns. The Company observed modest improvement in enrollment in recent months despite the continued pandemic. However, because a significant number of participating clinical sites in the study are in Eastern Europe, the escalating Ukraine-Russia conflict is expected to negatively impact enrollment. At the present time, the company anticipates reporting top-line data in the second half of 2022.
The trial represents the first ever Phase 3 superiority clinical study evaluating immunotherapy with a fully human mAb to treat acute pneumonia in the ICU setting. Details of the study can be viewed on www.clinicaltrials.gov using identifier NCT03816956.
AR-320 (suvratoxumab): The Company licensed this Phase 3-ready asset from AstraZeneca in July 2021. A multinational, randomized, double-blind, placebo-controlled Phase 2 study (n=196 patients) showed that mechanically ventilated ICU patients colonized with S. aureus who were treated with suvratoxumab, a fully human mAb, demonstrated a relative risk reduction in onset of pneumonia by 32% in the overall intent-to-treat (ITT) study population, and by a statistically significant 47% in the under 65-year-old population, which is the target population in the planned Phase 3 study. This statistically significant relative risk reduction in the target population was also associated with a substantial reduction in the duration of care needed in the ICU and hospital. The Company completed successful discussions with the EMA via the Scientific Advisory meeting and the FDA via an End-of-Phase 2 meeting, including obtaining agreement on the planned Phase 3 study serving as a single pivotal trial. The regulatory feedback from these agencies is incorporated in the Company's clinical study design. The Company expects to launch its Phase 3 SAATELLITE-2 study of AR-320 in the mid-2022 in collaboration with the public-private COMBACTE-Net consortium of HAP/VAP experts, funded by the Innovative Medicines Initiative (IMI) program of the European Commission in the amount of up to 25 million Euros.
AR-501 (gallium citrate): The Company initiated its Phase 2a study to evaluate the safety, pharmacokinetic (PK), and preliminary efficacy in cystic fibrosis (CF) patients in the first quarter of 2021. The Phase 2a study is actively enrolling patients with a goal of delivering full data readout in mid-2022. AR-501 is being developed in collaboration with the CF Foundation and has been granted Orphan Drug Designation (ODD), Fast Track and Qualified Infectious Disease Product (QIDP) designations by the FDA. In addition, the European Medicines Agency (EMA) granted ODD to AR-501. The Phase 1/2a clinical trial underway is a randomized, double-blind, placebo-controlled trial, utilizing single- and multiple-ascending dose and dose-ranging strategies, investigating the safety and PK of inhaled AR-501 in healthy volunteers and CF patients with chronic bacterial lung infections. Details of the Phase 1/2a clinical trial can be viewed on https://www.clinicaltrials.gov using identifier NCT03669614.
AR-701: AR-701 is a cocktail of two fully human immunoglobulin G1 (IgG1) mAbs discovered from screening the antibody secreting B-cells of convalescent SARS-CoV-2 infected (COVID-19) patients. Each mAb of the AR-701 cocktail neutralizes coronaviruses using a distinct mechanism of action, namely inhibition of viral fusion and entry into human cells (AR-703) or blockage of viral binding to the human 'ACE2' receptor (AR-720). The AR-701 mAbs are engineered to be half-life extended and potentially active for 6-12 months in the blood. AR-701 is being developed as a long-acting intramuscular prophylactic to prevent COVID-19 infections, as well as a self-administered inhaled formulation for the treatment of COVID-19 patients who are not yet hospitalized. In February 2022, Aridis reported that both of its fully human mAbs in the AR-701 cocktail neutralized the SARS-CoV-2 Omicron variant. Moreover, both mAbs conferred strong protection against Omicron infected animals when given either parenterally or by intranasal administration. The performance of the AR-701 cocktail is published in Biorxiv [see https://www.biorxiv.org/content/10.1101/2022.03.05.483133v1]. We expect to initiate a Phase 1 clinical study in 2H2022.
Fiscal 2021 Financial Results:
- Cash: Total cash, cash equivalents and restricted cash as of December 31, 2021, were approximately $20.0 million.
- Revenues: Grant and licensing revenue increased to approximately $1.5 million for the year ended December 31, 2021 primarily due to the recognition of revenue from grants from the Cystic Fibrosis Foundation (CFF) and the Gates Foundation as well as from Kermode, an Apex technology licensee. Grant and licensing revenue earned during the year ended December 31, 2020 was approximately $1.0 million, all from CFF. Grant and licensing revenue was approximately $0.6 million and $0 for the three months ended December 31, 2021 and 2020, respectively.
- Research and Development Expenses: Research and development expenses increased by approximately $21.0 million to $38.0 million for year ended December 31, 2021 from $17.0 million for the year ended December 31, 2020. The increase was due primarily to: an increase of approximately $11.5 million to in-license AR-320 rights from Medimmune; an increase of approximately $6.6 million for AR-320 drug manufacturing and clinical trial preparation costs; an increase of approximately $0.7 million for costs associated with the development of AR-701; an increase of approximately $0.5 million for the continuing conduct of the Phase 2a clinical trial evaluating AR-501 for the treatment of Cystic Fibrosis and an increase of approximately $0.6 million in personnel, consulting and other related costs.
Research and development expenses increased by approximately $4.4 million in the quarter ended December 31, 2021 to $8.6 million from $4.2 million in the same quarter in 2020. This is primarily due to increases in drug manufacturing for our AR-320 trial ($2.8 million), spending on the Gates Foundation funded project ($0.5 million) and spending on personnel, consulting and other related costs ($0.4 million). - General and Administrative Expenses: General and administrative expenses increased by approximately $0.9 million to $7.3 million for the year ended December 31, 2021 from $6.4 million for the year ended December 31, 2020. The increase was due primarily to increases in professional service fees, franchise tax and recruitment expense to attract talent. General and administrative expenses increased in Q4 2021 to $2.0 million from $1.6 million in Q4 2020 primarily due to increases in consulting, legal fees, insurance and recruitment offset by lower accounting, rent and repairs expense.
- Interest Income (Expense) net: Net interest expense, increased by approximately $322,000 to approximately $245,000 for the year ended December 31, 2021 from approximately $77,000 net interest income for the year ended December 31, 2020. The increased expense was primarily due to our debt servicing in 2021.
- Share of Loss in Equity Method Investment. Loss from our share of equity method investment in Shenzhen Arimab Biopharmaceuticals Co., Ltd. decreased by approximately $9,000 to zero for the year ended December 31, 2021. The loss was $9,000 for the year ended December 31, 2020. Our share of loss from our minority interest calculated under the equity method was limited to the reduction of the net book value of the investment to zero as of March 31, 2020.
- Other Income: Other income in the year ended December 31, 2021, increased by approximately $796,000 from zero during the year ended December 31, 2020, primarily due to forgiveness of the $722,000 Paycheck Protection Program loan by the U.S. Small Business Administration. Additionally, other income from a sublease agreement we entered into with a tenant in March 2021 to sublet a small portion of our Los Gatos facility increased by approximately $74,000 during the year ended December 31, 2021, from zero for the year ended December 31, 2020. Other income increased by approximately $22,000 in Q4 2021. There was no sublease agreement or related income during the three months ended December 30, 2020.
- Net Loss: The net loss available to common stockholders for the year ended December 31, 2021, was approximately $47.3 million, or $3.85 net loss per share, compared to a net loss available to common stockholders of approximately $22.3 million, or $2.44 net loss per share, for the year ended December 31, 2020. The weighted average common shares outstanding used in computing net loss per share available to common stockholders was 12,291,600 million and 9,168,744 million for the years ended December 31 of 2021 and 2020, respectively.
About Aridis Pharmaceuticals, Inc.
Aridis Pharmaceuticals, Inc. discovers and develops anti-infectives to be used as first-line treatments to combat antimicrobial resistance (AMR) and viral pandemics. The Company is utilizing its proprietary ʎPEX and MabIgX® technology platforms to rapidly identify rare, potent antibody-producing B-cells from patients who have successfully overcome an infection, and to rapidly manufacture mAbs for therapeutic treatment of critical infections. These mAbs are already of human origin and functionally optimized by the natural human immune system for high potency. Hence, they are already fit-for-purpose and do not require further engineering optimization to achieve full functionality.
The Company has generated multiple clinical stage mAbs targeting bacteria that cause life-threatening infections such as ventilator associated pneumonia (VAP) and hospital acquired pneumonia (HAP), in addition to preclinical stage antibacterial and antiviral mAbs. The use of mAbs as anti-infective treatments represents an innovative therapeutic approach that harnesses the human immune system to fight infections and is designed to overcome the deficiencies associated with the current standard of care, which is broad spectrum antibiotics. Such deficiencies include, but are not limited to, increasing drug resistance, short duration of efficacy, disruption of the normal flora of the human microbiome and lack of differentiation among current treatments. The mAb portfolio is complemented by a non-antibiotic novel mechanism small molecule anti-infective candidate being developed to treat lung infections in cystic fibrosis patients. The Company's pipeline is highlighted below:
Aridis' Pipeline
AR-301 (VAP). AR-301 is a fully human IgG1 mAb currently in Phase 3 clinical development targeting gram-positive Staphylococcus aureus (S. aureus) alpha-toxin in VAP patients.
AR-320 (nosocomial pneumonia). AR-320 is a fully human mAb targeting S. aureus alpha-toxin for prevention of nosocomial pneumonia. Statistically significant Phase 2 data in the target population of those ≤ 65 years of age, was recently published in Lancet Infectious Diseases journal. The Company has completed discussions with the EMA and FDA on study design and expects to launch its Phase 3 study of AR-320 in mid-2022.
AR-101 (HAP). AR-101 is a fully human immunoglobulin M (IgM) mAb in Phase 2 clinical development targeting Pseudomonas aeruginosa (P. aeruginosa) liposaccharides serotype O11, which accounts for approximately 22% of all P. aeruginosa hospital acquired pneumonia cases worldwide. This program is licensed to the Serum Institute of India and Shenzhen Arimab.
AR-501 (cystic fibrosis). AR-501 is an inhaled formulation of gallium citrate with broad-spectrum anti-infective activity being developed to treat chronic lung infections in cystic fibrosis patients. This program is currently in a Phase 2a clinical study in CF patients.
AR-701 (COVID-19). AR-701 is a cocktail of fully human mAbs discovered from convalescent COVID-19 patients that are directed at multiple envelope proteins of the SARS-CoV-2 virus.
AR-401 (blood stream infections). AR-401 is a fully human mAb preclinical program aimed at treating infections caused by gram-negative Acinetobacter baumannii.
AR-201 (RSV infection). AR-201 is a fully human IgG1 mAb directed against the F-protein of diverse clinical isolates of respiratory syncytial virus (RSV). This program is licensed exclusively to the Serum Institute of India.
For additional information on Aridis Pharmaceuticals, please visit https://aridispharma.com/.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties. These statements may be identified by the use of words such as "anticipate," "believe," "forecast," "estimated" and "intend" or other similar terms or expressions that concern Aridis' expectations, strategy, plans or intentions. These forward-looking statements are based on Aridis' current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, the need for additional financing, the timing of regulatory submissions, Aridis' ability to obtain and maintain regulatory approval of its existing product candidates and any other product candidates it may develop, approvals for clinical trials may be delayed or withheld by regulatory agencies, risks relating to the timing and costs of clinical trials, risks associated with obtaining funding from third parties, management and employee operations and execution risks, loss of key personnel, competition, risks related to market acceptance of products, intellectual property risks, risks related to business interruptions, including the outbreak of COVID-19 coronavirus, which could seriously harm our financial condition and increase our costs and expenses, risks associated with the uncertainty of future financial results, Aridis' ability to attract collaborators and partners and risks associated with Aridis' reliance on third party organizations. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Actual results could differ materially from those described or implied by such forward-looking statements as a result of various important factors, including, without limitation, market conditions and the factors described under the caption "Risk Factors" in Aridis' 10-K for the year ended December 31, 2020, and Aridis' other filings made with the Securities and Exchange Commission. Forward-looking statements included herein are made as of the date hereof, and Aridis does not undertake any obligation to update publicly such statements to reflect subsequent events or circumstances.
Contact:
Investor Relations
Dave Gentry, CEO
RedChip Companies
Dave@redchip.com
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https://www.wafb.com/prnewswire/2022/03/31/arixa-capital-hires-eric-cooper-vice-president-construction/
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LOS ANGELES, March 31, 2022 /PRNewswire/ -- Arixa Capital Advisors, LLC is pleased to announce that Eric Cooper has joined the company as Vice President of Construction. In this role, Mr. Cooper is responsible for enhancing Arixa's construction risk management, through further development of Arixa's funds control program and construction underwriting, as well as building the scalable infrastructure that will allow Arixa to continue to grow its construction lending platform. Mr. Cooper comes to Arixa with over a decade of onsite construction project management experience and five years of construction lending experience.
Prior to joining Arixa, Mr. Cooper was the Vice President of Construction Operations at Genesis Capital. During his five years with that company, he oversaw the development of a nationwide residential construction underwriting program and was responsible for managing the in-house funds control team.
Eric Cooper shares, "As I suspected, Arixa Capital has an incredible culture, talented staff and a fantastic borrower base. I feel lucky and excited to further build out the construction department to best serve both borrowers and investors."
Earlier in his career, Mr. Cooper was the onsite supervisor and project manager for a two-year project, building an ultra-luxury custom home for a celebrity client in the Trousdale Estates neighborhood of Beverly Hills, with the highly regarded general contractor Corbin Reeves. From 2013 to 2015, Mr. Cooper was a project manager for ANR Industries, where he oversaw all aspects of luxury single-family residential construction projects in the Los Angeles area, from conceptual design through final sale. From 2010 to 2013, Mr. Cooper worked as a project manager for Anchor Loans where he oversaw all aspects of remodeling for single-family residential projects with resale values between $700,000 and $3,000,000.
Arixa Capital's Managing Director, Greg Hebner, said, "We are excited to bring someone like Eric onto the Arixa team. Eric's deep construction experience and his passion for client service is an ideal fit for our team. As Arixa continues to grow its lending business across larger construction projects and new geographies, Eric's extensive industry knowledge will allow us to execute on our growth plans and maintain the high level of service that our clients expect, while also mitigating risk for our fund investors."
Contact:
Eric Cooper
Vice President, Construction Operations
M 818-692-9646
E ecooper@arixacapital.com
About the Company
Arixa Capital is one of the premier private real estate lenders and credit fund managers in the Western U.S., providing small balance loan solutions to lower middle-market residential and commercial investors and developers. Visit www.arixacapital.com for more information on investing or borrowing.
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SOURCE Arixa Capital Advisors, LLC
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BUCHAREST, Romania and SANTA CLARA, Calif., March 31, 2022 /PRNewswire/ -- Bitdefender, a global cybersecurity leader, today announced it achieved among the top scores of the 30 participating cybersecurity vendors in MITRE Engenuity's recent independent ATT&CK® Evaluations for Enterprise cybersecurity solutions. Bitdefender scored 97 percent in overall analytics insights and 95 percent in technique-level descriptions, the most in-depth detection metric identifying specific steps of how attackers breached the environment and moved laterally.
"This achievement, in identifying the precise techniques adversaries use to move through networks, validates Bitdefender's position as an industry leader in threat prevention and detection technology," said Dragos Gavrilut, director of cyber threat intelligence at Bitdefender. "Excelling in these capabilities is vital for enterprises to counter the sophisticated multi-stage attacks carried out by today's cybercriminal groups and nation-state actors. Independent tests like the MITRE ATT&CK Evaluations are essential for helping organizations evaluate the effectiveness of cybersecurity technologies against complex attacks."
The 2022 ATT&CK Evaluations tested cybersecurity vendors for their ability to detect techniques and tactics used by Wizard Spider and Sandworm, two advanced threat groups that employ ransomware and wiper malware targeting businesses and government organizations worldwide. Vendor participants were evaluated using emulations of the Data Encrypted For Impact technique used by Wizard Spider to deploy ransomware including Ryuk and Sandworm to encrypt and destroy data with their NotPetya malware. Each participant was evaluated based on detection rates across 19 total steps and 109 sub-steps in the framework's attack kill chain from initial compromise through final stage of execution.
MITRE Engenuity evaluated Bitdefender GravityZone Ultra, the company's unified security platform incorporating endpoint protection (EPP) and endpoint detection and response (EDR) including cross-endpoint threat correlation and advanced risk analytics. The platform delivers deep context to detections and offers a direct path to Bitdefender managed detection and response (MDR) services.
Bitdefender results include:
- Exceptional Detection of Attack Techniques -- Bitdefender GravityZone was among the leaders of vendor solutions tested at identifying 'Technique', the highest-level of context associated with the sub-steps on how the attack was performed. Scoring 95 percent, Bitdefender identified 103 of 109 sub-steps.
- Outstanding Analytics Performance -- Bitdefender was among the top vendors scoring 97 percent overall in total analytics coverage, providing deep analysis and rich context for 106 of 109 total sub-steps.
- Strong Linux Coverage -- Bitdefender achieved 100 percent analytics coverage of attack techniques against Linux systems.
"This latest round indicates significant product growth from our vendor participants. We are seeing greater emphasis in threat informed defense capabilities, which in turn has developed the infosec community's emphasis on prioritizing the ATT&CK Framework," said Ashwin Radhakrishnan, acting general manager of ATT&CK Evaluations at MITRE Engenuity.
To view the full MITRE Engenuity ATT&CK Evaluations Enterprise 4 report results, visit https://attackevals.mitre-engenuity.org/enterprise/wizard-spider-and-sandworm/.
About MITRE Engenuity
MITRE Engenuity, a subsidiary of MITRE, is a tech foundation for the public good. MITRE's mission-driven teams are dedicated to solving problems for a safer world. Through our public-private partnerships and federally funded R&D centers, we work across government and in partnership with industry to tackle challenges to the safety, stability, and well-being of our nation.
MITRE Engenuity brings MITRE's deep technical know-how and systems thinking to the private sector to solve complex challenges that government alone cannot solve. MITRE Engenuity catalyzes the collective R&D strength of the broader U.S. federal government, academia, and private sector to tackle national and global challenges, such as protecting critical infrastructure, creating a resilient semiconductor ecosystem, building a genomics center for public good, accelerating use case innovation in 5G, and democratizing threat-informed cyber defense.
About Bitdefender
Bitdefender provides cybersecurity solutions with leading security efficacy, performance and ease of use to small and medium businesses, mid-market enterprises and consumers. Guided by a vision to be the world's most trusted cybersecurity solutions provider, Bitdefender is committed to defending organizations and individuals around the globe against cyberattacks to transform and improve their digital experience. For more information, visit https://www.bitdefender.com.
Contact:
Steve Fiore
Bitdefender
1-954-776-6262
sfiore@bitdefender.com
Logo - https://mma.prnewswire.com/media/833268/Bitdefender_Logo.jpg
View original content:
SOURCE Bitdefender
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Delivers another record quarter for design-related revenue for IoT, both sequential and year over year billings growth for Cybersecurity, as well as positive operating cash flow and net profit
Fourth Quarter Fiscal 2022:
- Total company revenue of $185 million.
- IoT revenue of $52 million.
- Cybersecurity revenue of $122 million.
- Licensing & Other revenue of $11 million.
- Net cash generated from operations of $10 million.
- Non-GAAP basic earnings per share of $0.01, GAAP basic earnings per share of $0.25 and GAAP diluted loss per share of $0.03.
Fiscal Year 2022:
- Total company revenue of $718 million.
- Non-GAAP basic loss per share of $0.10, GAAP basic earnings per share of $0.02 and GAAP diluted loss per share of $0.31.
WATERLOO, ON, March 31, 2022 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today reported financial results for the three months and fiscal year ended February 28, 2022 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).
"We're pleased with the progress that BlackBerry made this quarter. The IoT business recorded its first $50m-plus revenue quarter since the start of the pandemic. In addition to overcoming a number of industry-wide challenges, such as supply chain constraints and the war in Ukraine, the QNX business set another record for quarterly design-related revenue, demonstrating both strong fundamentals and momentum for the business," said John Chen, Executive Chairman & CEO, BlackBerry. "We're also excited about the prospects for the Cybersecurity business given another quarter of billings growth and further strengthening of the team with industry expertise in both sales and product development. The key components are in place, and we expect continued billings momentum this year. Following the demonstration of our BlackBerry IVY edge-to-cloud data platform on auto-grade hardware at CES, we have secured a number of Proof-of-Concept trials."
Fourth Quarter Fiscal 2022 Financial Highlights
- Total company revenue was $185 million.
- Total company non-GAAP gross margin was 68% and GAAP gross margin was 67%.
- IoT revenue was $52 million, with gross margin of 85% and ARR of $93 million, an 11% increase year-over-year.
- Cybersecurity revenue was $122 million, with gross margin of 61% and ARR of $347 million.
- Licensing and Other revenue was $11 million, with gross margin of 55%.
- Non-GAAP operating profit was $8 million. GAAP operating profit was $146 million.
- Total cash, cash equivalents, short-term and long-term investments were $770 million.
- Total net cash position was $405 million.
- Net cash generated from operating activities was $10 million.
Business Highlights & Strategic Announcements
IoT:
- BlackBerry QNX records a record number of new design wins in a quarter: 17 in Auto and 28 in the General Embedded Market (GEM).
- BlackBerry announces first BlackBerry IVY™ proof-of-concept, or POC, trial with PATEO, a leading Chinese tier 1 supplier, and a Chinese electric vehicle automaker to integrate IVY into a digital cockpit.
- BlackBerry and Marelli expand collaboration in China with BlackBerry QNX® Neutrino® RTOS and BlackBerry QNX® Hypervisor selected to power next generation cockpit technology.
- BlackBerry® QNX® real time operating system selected by Critical Software as the foundation for a railway protection system for Portugal's national rail network.
- BlackBerry® Jarvis® enhanced to include standardized reporting that enables compliance with the U.S. government's recent Executive Order relating to the software bill of materials.
Cybersecurity:
- BlackBerry receives maximum AAA rating from SE Labs following their Enterprise Advanced Security Test that used real-world hacking tactics against BlackBerry® Protect and BlackBerry® Optics.
- BlackBerry® SecuSUITE® encrypted communication solution endorsed for NATO use by the NSAB.
- BlackBerry® AtHoc® is being deployed, in partnership with TELUS, by all municipalities and the regional police in Niagara, Canada, displacing a key competitor's solution.
- BlackBerry releases annual threat report, highlighting a cybercriminal underground which has been optimized to better target small local businesses.
Outlook
BlackBerry will provide fiscal year 2023 outlook in connection with the quarterly earnings announcement on its earnings conference call. The earnings call transcript will be made available on our website and on SEDAR.
Use of Non-GAAP Financial Measures
The tables at the end of this press release include a reconciliation of the non-GAAP financial measures and non-GAAP financial ratios used by the company to comparable U.S. GAAP measures and an explanation of why the company uses them.
Conference Call and Webcast
A conference call and live webcast will be held today beginning at 5:30 p.m. ET, which can be accessed by dialing +1 (877) 761-5600 or by logging on at BlackBerry.com/Investors.
A replay of the conference call will also be available at approximately 8:30 p.m. ET by dialing +1 (800) 770-2030 and entering Conference ID #1566649 and at the link above.
About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including more than 195M vehicles. Based in Waterloo, Ontario, the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy, and is a leader in the areas of endpoint security, endpoint management, encryption, and embedded systems. BlackBerry's vision is clear - to secure a connected future you can trust.
BlackBerry. Intelligent Security. Everywhere.
For more information, visit BlackBerry.com and follow @BlackBerry.
Investor Contact:
BlackBerry Investor Relations
+1 (519) 888-7465
investorrelations@blackberry.com
Media Contact:
BlackBerry Media Relations
+1 (519) 597-7273
mediarelations@blackberry.com
This news release contains forward-looking statements within the meaning of certain securities laws, including under the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including statements regarding BlackBerry's plans, strategies and objectives including its expectations with respect to increasing and enhancing its product and service offerings.
The words "expect", "anticipate", "estimate", "may", "will", "should", "could", "intend", "believe", "target", "plan" and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by BlackBerry in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that BlackBerry believes are appropriate in the circumstances, including but not limited to, BlackBerry's expectations regarding its business, strategy, opportunities and prospects, the launch of new products and services, general economic conditions, the ongoing COVID-19 pandemic, the Russia Ukraine conflict, competition, and BlackBerry's expectations regarding its financial performance. Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, risks related to the following factors: BlackBerry's ability to enhance, develop, introduce or monetize products and services for the enterprise market in a timely manner with competitive pricing, features and performance; BlackBerry's ability to maintain or expand its customer base for its software and services offerings to grow revenue or achieve sustained profitability; the intense competition faced by BlackBerry; the occurrence or perception of a breach of BlackBerry's network cybersecurity measures, or an inappropriate disclosure of confidential or personal information; the failure or perceived failure of BlackBerry's solutions to detect or prevent security vulnerabilities; BlackBerry's continuing ability to attract new personnel, retain existing key personnel and manage its staffing effectively; litigation against BlackBerry; BlackBerry's dependence on its relationships with resellers and channel partners; acquisitions, divestitures and other business initiatives; the impact of the COVID-19 pandemic; network disruptions or other business interruptions; BlackBerry's ability to foster an ecosystem of third-party application developers; BlackBerry's products and services being dependent upon interoperability with rapidly changing systems provided by third parties; BlackBerry's ability to obtain rights to use third-party software and its use of open source software; failure to protect BlackBerry's intellectual property and to earn expected revenues from intellectual property rights; BlackBerry being found to have infringed on the intellectual property rights of others; the substantial asset risk faced by BlackBerry, including the potential for charges related to its long-lived assets and goodwill; BlackBerry's indebtedness; tax provision changes, the adoption of new tax legislation or exposure to additional tax liabilities; the use and management of user data and personal information; government regulations applicable to BlackBerry's products and services, including products containing encryption capabilities; environmental, social and governance expectations and standards; the failure of BlackBerry's suppliers, subcontractors, channel partners and representatives to use acceptable ethical business practices or comply with applicable laws; regulations regarding health and safety, hazardous materials usage and conflict minerals; foreign operations, including fluctuations in foreign currencies; adverse economic, geopolitical and environmental conditions; the fluctuation of BlackBerry's quarterly revenue and operating results; the volatility of the market price of BlackBerry's common shares; and rising inflation.
These risk factors and others relating to BlackBerry are discussed in greater detail in BlackBerry's Annual Report on Form 10-K and the "Cautionary Note Regarding Forward-Looking Statements" section of BlackBerry's MD&A (copies of which filings may be obtained at www.sedar.com or www.sec.gov). All of these factors should be considered carefully, and readers should not place undue reliance on BlackBerry's forward-looking statements. Any statements that are forward-looking statements are intended to enable BlackBerry's shareholders to view the anticipated performance and prospects of BlackBerry from management's perspective at the time such statements are made, and they are subject to the risks that are inherent in all forward-looking statements, as described above, as well as difficulties in forecasting BlackBerry's financial results and performance for future periods, particularly over longer periods, given changes in technology and BlackBerry's business strategy, evolving industry standards, intense competition and short product life cycles that characterize the industries in which BlackBerry operates. Any forward-looking statements are made only as of today and the company has no intention and undertakes no obligation to update or revise any of them, except as required by law.
Reconciliations of the Company's Segment Results to the Consolidated Results
The following table shows information by operating segment for the three months ended February 28, 2022 and February 28, 2021. The Company reports segment information in accordance with U.S. GAAP Accounting Standards Codification Section 280 based on the "management" approach. The management approach designates the internal reporting used by the Chief Operating Decision Maker for making decisions and assessing performance of the Company's reportable operating segments.
The following table reconciles the Company's segment results for the three months ended February 28, 2022 to consolidated U.S. GAAP results:
______________________________
The following table reconciles the Company's segment results for the three months ended February 28, 2021 to consolidated U.S. GAAP results:
______________________________
Reconciliation of Non-GAAP Measures with the Nearest Comparable U.S. GAAP Measures
In the Company's internal reports, management evaluates the performance of the Company's business on a non-GAAP basis by excluding the impact of certain items below from the Company's U.S. GAAP financial results. The Company believes that these non-GAAP financial measures and non-GAAP ratios provide management, as well as readers of the Company's financial statements with a consistent basis for comparison across accounting periods and is useful in helping management and readers understand the Company's operating results and underlying operational trends. In the first quarter of fiscal 2022, the Company discontinued its use of software deferred revenue acquired and software deferred commission expense acquired adjustments in its non-GAAP financial measures due to the quantitative decline in the adjustments over time. For purposes of comparability, the Company's non-GAAP financial measures for the three months ended and year ended February 28, 2021 have been updated to conform to the current year's presentation.
Readers are cautioned that adjusted gross margin, adjusted gross margin percentage, adjusted operating expense, adjusted net income (loss), adjusted income (loss) per share, adjusted research and development expense, adjusted selling, marketing and administrative expense, adjusted amortization expense, adjusted operating income (loss), adjusted EBITDA, adjusted operating income (loss) margin percentage, adjusted EBITDA margin percentage and free cash flow (usage) and similar measures do not have any standardized meaning prescribed by U.S. GAAP and are therefore unlikely to be comparable to similarly titled measures reported by other companies. These non-GAAP financial measures should be considered in the context of the U.S. GAAP results.
Reconciliation of non-GAAP based measures with most directly comparable U.S. GAAP based measures for the three months ended February 28, 2022 and February 28, 2021
A reconciliation of the most directly comparable U.S. GAAP financial measures for the three months ended February 28, 2022 and February 28, 2021 to adjusted financial measures is reflected in the table below:
Reconciliation of U.S. GAAP operating expense (income) for the three months ended February 28, 2022 and February 28, 2021 to adjusted operating expense is reflected in the table below:
Reconciliation of U.S. GAAP net income (loss) and U.S. GAAP basic earnings (loss) per share for the three months ended February 28, 2022 and February 28, 2021 to adjusted net income and adjusted basic earnings per share is reflected in the table below:
Reconciliation of U.S. GAAP research and development, selling, marketing and administration, and amortization expense for the three months ended February 28, 2022 and February 28, 2021 to adjusted research and development, selling, marketing and administration, and amortization expense is reflected in the table below:
Adjusted operating income, adjusted EBITDA, adjusted operating income margin percentage and adjusted EBITDA margin percentage for the three months ended February 28, 2022 and February 28, 2021 are reflected in the table below. These are non-GAAP financial measures and non-GAAP ratios that do not have any standardized meaning as prescribed by U.S. GAAP and are therefore unlikely to be comparable to similar measures presented by other companies.
______________________________
Reconciliation of non-GAAP based measures with most directly comparable U.S. GAAP based measures for the years ended February 28, 2022 and February 28, 2021
A reconciliation of the most directly comparable U.S. GAAP financial measures for the years ended February 28, 2022 and February 28, 2021 to adjusted financial measures is reflected in the table below:
Reconciliation of U.S. GAAP net income (loss) and U.S. GAAP basic earnings (loss) per share for the years ended February 28, 2022 and February 28, 2021 to adjusted net income (loss) and adjusted basic earnings (loss) per share is reflected in the table below:
Reconciliation of U.S. GAAP research and development, selling, marketing and administration, and amortization expense for the years ended February 28, 2022 and February 28, 2021 to adjusted research and development, selling, marketing and administration, and amortization expense is reflected in the table below:
Adjusted operating income (loss), adjusted EBITDA, adjusted operating income (loss) margin percentage and adjusted EBITDA margin percentage for the years ended February 28, 2022 and February 28, 2021 are reflected in the table below.
______________________________
The Company uses free cash flow when assessing its sources of liquidity, capital resources, and quality of earnings. The Company believes that free cash flow is helpful in understanding the Company's capital requirements and provides an additional means to reflect the cash flow trends in the Company's business.
Reconciliation of U.S. GAAP net cash provided by operating activities for the three months ended February 28, 2022 and February 28, 2021 to free cash flow is reflected in the table below:
Reconciliation of U.S. GAAP net cash provided by (used in) operating activities for the years ended February 28, 2022 and February 28, 2021 to free cash flow (usage) is reflected in the table below:
Key Metrics
The Company regularly monitors a number of financial and operating metrics, including the following key metrics, in order to measure the Company's current performance and estimate future performance. Readers are cautioned that annual recurring revenue ("ARR"), dollar-based net retention rate ("DBNRR"), and recurring revenue percentage do not have any standardized meaning and are unlikely to be comparable to similarly titled measures reported by other companies.
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SOURCE BlackBerry Limited
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https://www.wafb.com/prnewswire/2022/03/31/bmo-led-sustainability-social-bonds-recognized-by-environmental-finances-2022-bond-awards/
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- City of Toronto Social Bond wins Social Bond of the Year, Local Authority/Municipality category – BMO Joint-Lead Manager
- World Bank Sustainability Bond wins Sustainability Bond of the Year, Supranational category – BMO Joint-Lead Manager
- City of Vancouver Sustainability Bond wins Sustainability Bond of the Year, Local Authority/Municipality category – BMO Joint Bookrunner
TORONTO, March 31, 2022 /PRNewswire/ - The City of Toronto Social Bond, the World Bank Sustainability Bond, and the City of Vancouver Sustainability Bond were recognized today by Environmental Finance's 2022 Bond Awards in the categories of Social Bond of the Year – Local Authority/Municipality, Sustainability Bond of the Year – Supranational, and Sustainability Bond of the Year – Local Authority/Municipality. BMO Financial Group (BMO) acted as Joint-Lead Manager on the City of Toronto and World Bank bond issuances, and Joint Bookrunner on the City of Vancouver Sustainability Bond issuance.
The City of Toronto's Social Bond is the city's second Social Bond, following on their inaugural issue in June 2020 – the first-ever Social Bond from a Canadian Government issuer – which BMO also led. The Social Bond, issued under Toronto's Social Debenture Framework, is part of a program to promote positive socioeconomic outcomes, from affordable housing and access to essential infrastructure and services, to socioeconomic advancement and empowerment.
The World Bank Sustainability Bond is an $8 billion 2-year and 7-year Dual-Tranche Fixed-Rate Global Sustainability Bond launched in April 2021. The World Bank has been issuing sustainable development bonds in the international capital markets for over 70 years to fund programs and activities that achieve a positive impact. BMO is proud to be a joint lead-manager on this issuance. World Bank bonds are aligned with the Sustainability Bond Guidelines published by the International Capital Market Association and support the financing of a combination of green and social projects, programs, and activities.
The inaugural City of Vancouver Sustainability Bond was the first Sustainability Bond from a Canadian governmental issuer. Proceeds of the bond are supporting eligible projects such as green buildings, renewal and upgrade of the main sewer and a fire hall, street and bridge infrastructure, an accessibility program to provide access to essential services, a climate emergency response program and a seawall maintenance program.
"As Joint-Lead Manager we're pleased with the recognition the City of Toronto Social Bond, the World Bank Sustainability Bond, and the City of Vancouver Sustainability Bond have received from Environmental Finance," said Jonathan Hackett, Head, BMO Sustainable Finance. "These transactions are leading examples in sustainable financing that we believe will act as a catalyst to others as they explore social and sustainability labeled financing and BMO is excited to be a leader working with our clients in this space -- one that so closely aligns with our Purpose to Boldly Grow the Good, in business and life."
BMO is a recognized sustainability leader
Carbon neutral in its own operations since 2010, BMO announced its Climate Ambition in March 2021 with a commitment to deploy $300 billion in sustainable lending and underwriting to companies pursuing sustainable outcomes by 2025. BMO is focused on being its clients' lead partner in their transition to a net zero world and, since December 2019, has completed green and sustainability-linked loans for companies in a range of sectors, with targets including decarbonization, diversity & inclusion, and health and safety. To support clients' pursuit of opportunities driven by the increasing momentum of the global economy's shift in production and consumption of energy, in 2021 BMO established a dedicated Energy Transition Group and the BMO Climate Institute.
BMO's leadership on sustainability has been recognized by the Wall Street Journal's 100 Most Sustainably Managed Companies in the World, Corporate Knights' Global 100 Most Sustainable Corporations, Dow Jones Sustainability Indices World Index, and Ethisphere Institute's list of the World's Most Ethical Companies.
For more information on BMO's commitment to a sustainable future, please visit the bank's latest Sustainability Report. To learn more about sustainable finance at BMO click here. For BMO's climate ambition, visit its Climate page.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $1.02 trillion as of January 31, 2022, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.
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SOURCE BMO Financial Group
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https://www.wafb.com/prnewswire/2022/03/31/confront-art-announces-justice-day-charity-nft-campaign-partnership-with-john-lewis-breonna-taylor-george-floyd-families/
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Dionne Warwick and Bone Thugs-N-Harmony's Krayzie Bone will announce the charity NFTs via a live-stream event on Justice Day, April 15th.
NEW YORK , March 31, 2022 /PRNewswire/ -- Confront Art, an organization that produces social justice art installations, has rallied a diverse group of artists, designers, and activists to create a charity NFT campaign launching on April 15 to honor Justice Day.
Confront Art will release 9,000 NFTs on mintNFT.com with proceeds supporting the prospective charities: We Are Floyd Org., The Breonna Taylor Foundation, and The John and Lilian Miles Lewis Foundation. The NFT project is an extension of Confront Art's 'SEEINJUSTICE' series, which debuted three powerful sculptures by artist Chris Carnabuci of John Lewis, Breonna Taylor, and George Floyd at New York City's Union Square in wake of the events in 2020.
Justice Day is designed to be an open platform to engage and inspire artists, activists and thinkers to collaborate and co-create together. Justice Day will honor and commemorate the Civil Rights Act of 1968, which passed the first federal hate crime laws in the United States prohibiting individuals from injuring, intimidating, or interfering with any person because of race, color, religion, or national origin. With widespread support Justice Day will be considered eligible to become a National Holiday by 2023.
"My brother's death was a catalyst for change," says Terrence Floyd, Founder of We Are Floyd Org. "We cannot let that change, and that momentum slow. There is still a huge divide in this country, and if we can start on a community level, creating educational opportunities and safe spaces for the youth to gather and learn, then we can create change and hope where there once was a void."
Dionne Warwick, American singer, former TV host, and Goodwill ambassador will announce her support and participation in the NFT project on the live-streamed event. Warwick has agreed to include selections of her latest single 'Power in the Name' featuring Krayzie Bone in the NFT. "I'm thrilled to be using this new NFT technology to raise awareness and funds for social justice programs." said Warwick. "Using song to shine light on charity is not new to me, with We Are The World in 1985 we raised an incredible amount of money and awareness, and now I'm excited to be part of the SEEINJUSTICE campaign, using art and song in new ways to move forward progress and change."
"We are constantly looking for innovative ways to support artists and charities," said Andrew Cohen & Lindsay Eshelman, Co-Founders of Confront Art. "We are excited to bring together entertainment legends and emerging artists alike for a major movement for social justice and charity in the metaverse."
The campaign aims to celebrate, support, and promote diverse emerging NFT artists. The artists participating in the NFT project include LÁOLÚ NYC, Jesse Uranta, JOJO ABOT, Izzakko, Denny Ow, Sasha Bianca, Menyelek, Milana Burdette, SuperWAXX, Q. Oliver, Candace Dane and more.
The live-stream and NFTs will be available exclusively on mintNFT, a new platform that aims to provide users with a simple, safe, and social experience with NFTs. From automated wallet creation to accepting credit cards, users do not need to be crypto-fluent to participate. Additionally, unique videos that are part of the smart contract not only showcase the creation story of the NFT but ensure buyers the NFT they are purchasing is authentic.
"NFTs are all about community building, but those communities cannot grow if people think engaging in NFTs will be too difficult or you need to have crypto. Projects like this one are too important to have barriers like that in place," said James Sun, Founder and CEO of mintNFT. "We're grateful to play a role to help break those barriers down so that all people can fully engage in a project that uplifts multicultural artists' voices and benefits these valuable charities."
Users are encouraged to utilize the Discord server (@SEEINJUSTICE) as a discussion forum.
About We Are Floyd Org.
WE ARE FLOYD is a 501C3 led by Terrence Floyd, George Floyd's brother. We Are Floyd supports initiatives to help communities dealing with mental health issues, poverty, police brutality, and social injustice. In the name of George Floyd, We Are Floyd partners with existing community-centric organizations, bringing awareness to issues surrounding underserved communities, highlighting the lack of educational programs, and promoting change and progress. For more information on We Are Floyd, please visit www.wearefloyd.org.
About Confront Art
Confront Art was founded by Andrew Cohen and Lindsay Eshelman in 2020, with the mission to promote diversity and education in the arts by creating collaborative opportunities between emerging artists and established organizations. The collective aims to create productions that foster socially progressive art and merchandise. For more information on Confront Art, visit www.confrontart.com.
About mintNFT
mintNFT is a new marketplace for non-fungible tokens (NFTs) that makes collecting NFTs simple, safe and social. The company is focused on providing easy onboarding of non-crypto users, a high level of security, and IP protection for brands and artists. Through collaboration, community, and successful activations, mintNFT aims to provide a richer and more meaningful experience around NFTs. For more information on mintNFT, please visit: www.mintnft.com
Media Contact:
Lindsay Eshelman
lindsay.eshelman@recitgroup.com
View original content:
SOURCE Confront Art
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MORGAN CITY, La., March 31, 2022 /PRNewswire/ -- Conrad Industries, Inc. (OTC Pink: CNRD) today announced its 2021 results and backlog.
The Company had net income of $6.5 million and earnings per diluted share of $1.29 for the twelve months ended December 31, 2021 compared to net loss of $4.0 million and loss per diluted share of $0.80 for the twelve months ended December 31, 2020. Net income for 2021 includes other income related to Payment Protection Plan loan forgiveness and Employee Retention Credit. The Company's financial reports are available at www.otcmarkets.com.
Our backlog as of December 31, 2021 was $148.5 million, compared to $183.7 million at December 31, 2020, and $79.2 million at December 31, 2019.
Johnny Conrad, Chairman and CEO stated, "Our results for 2021 reflect a continued challenging operating environment. The improving but uneven pace of pandemic recovery in 2021 was accompanied by sharp increases in steel prices, inflationary price increases in other materials and equipment, supply chain disruptions and a tight labor market."
Mr. Conrad continued, "Although we face substantial uncertainties in our markets, we believe we are well-positioned to take advantage of opportunities when market fundamentals improve. We believe customers have delayed orders due to high steel prices and pandemic uncertainties, and that some of these orders will move forward when steel prices decline or our customers' business opportunities or fleet replacement needs require the vessels. We have seen a continued strong market for dredging and other infrastructure-related vessels, which we expect may continue, supported by the Infrastructure Investment and Jobs Act enacted in 2021. We are also optimistic about opportunities in our repair and conversions segment."
Mr. Conrad concluded, "We are optimistic about our long-term prospects including the recent award of a contract by the U.S. Navy for the design and construction of a Yard, Repair, Berthing and Messing ("YRBM") barge, with options for an additional seven barges. This contract along with the infrastructure and repair markets are encouraging signs for the future of our business."
Conrad Industries, Inc., established in 1948 and headquartered in Morgan City, Louisiana, designs, builds and overhauls tugboats, ferries, liftboats, barges, offshore supply vessels and other steel products for both the commercial and government markets. The company provides both repair and new construction services at its five shipyards located in southern Louisiana and Texas.
Cautionary statement: This press release contains forward-looking statements, which are all statements other than those of historical facts, and reflect our expectations as of the date of this press release about future events. Forward-looking statements are subject to risks and uncertainties, including risks and uncertainties related to the COVID-19 pandemic, current high steel prices and constrained availability, competition, our reliance on cyclical industries, ability to perform contracts at costs consistent with estimated costs utilized in bidding, and ability to replenish our backlog and compete in changing markets. These and other risks are discussed in more detail in our Annual Report and subsequent reports available on www.otcmarkets.com. Should one or more of these risks materialize, achievement of anticipated results may differ materially from those anticipated. We do not intend to update these forward-looking statements, other than through our regular quarterly and annual reports.
For Information Contact:
Cecil A. Hernandez (985) 702-0195
CAHernandez@ConradIndustries.com
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https://www.wafb.com/prnewswire/2022/03/31/electro-sensors-inc-announces-2021-year-end-financial-results/
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MINNETONKA, Minn., March 31, 2022 /PRNewswire/ -- Electro-Sensors, Inc. (NASDAQ: ELSE), a leading global provider of machine monitoring sensors and hazard monitoring systems, today announced financial results for the year ended December 31, 2021.
- Record net sales of $8.6 million, up 12.9% over prior year
- Gross Margin of 54.3%
- Cash and investments of $9.8 million
"We are pleased to report we achieved record annual revenue during 2021," said David L. Klenk, Electro-Sensors' president. "Growth during the year was driven by customers moving forward with capacity expansions and facility modernizations."
Klenk continued, "Following a very difficult period brought on by the COVID-19 pandemic, business conditions are steadily improving, and we are excited to once again be able to travel and meet face to face with our customers."
A full analysis of results for the year ended December 31, 2021 is available in the Company's Form 10-K, which is available on the Company's website at www.electro-sensors.com or through the Securities and Exchange Commission's Edgar database at www.sec.gov.
2022 Annual Meeting of Shareholders
Our Annual Meeting will be held via live webcast on April 20, 2022 at 2:00 PM Central Time at www.virtualshareholdermeeting.com/ELSE2022. Please retain a copy of the 16 digit Control Number that is printed on your proxy card as you will need it to enter the Annual Meeting as a verified shareholder. Shareholders will be able to ask questions and vote in this virtual meeting as if they were attending an in-person meeting.
About Electro-Sensors
Electro-Sensors, Inc. is an industry leading designer and manufacturer of rugged and reliable machine monitoring sensors and wireless/wired hazard monitoring systems applied across multiple industries and applications. These products improve processes by protecting people, safeguarding systems, reducing downtime, and preventing waste. Most standard products ship within one to two days and have an industry-leading 5-year warranty. Electro-Sensors is proud to be an ISO9001:2015 quality certified company and is committed to providing excellent customer service and technical support. Founded in 1968 and located in Minnetonka, Minnesota, Electro-Sensors provides its loyal customers with reliable products that improve safety and help plants operate with greater efficiency, productivity and control.
Cautionary Statement Regarding Forward Looking Statements
This press release may include statements about possible or anticipated future financial performance, business activities, plans, or opportunities. These forward-looking statements may include the words "will," "should," "believes," "expects," "anticipates," "intends" or similar expressions. For these forward-looking statements, the Company claims the protection of the safe harbor for forward−looking statements contained in federal securities laws. Forward-looking statements reflect the company's current views with respect to future events and financial performance and include any statement that does not directly relate to a current or historical fact. These forward-looking statements are subject to a number of factors, risks and uncertainties, including those disclosed in our periodic filings with the SEC that could cause actual performance, activities, plans, or opportunities after the date the statements are made to differ significantly from those indicated in the forward-looking statements.
For more information please visit our website at: www.electro-sensors.com. Also look us up on:
LinkedIn: linkedin.com/company/electro-sensors-inc-
Twitter: twitter.com/ESIsensors
Facebook: facebook.com/ElectroSensors
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With the capacity to produce approximately 15 million COVID-19 Home Tests per month, the flagship facility furthers the company's commitment to supporting America's pandemic response.
**Photos and b-roll of the event for use in news coverage may be found here**
FREDERICK, Md., March 31, 2022 /PRNewswire/ -- Digital diagnostics company Ellume, a producer of at-home COVID-19 test kits, today officially opened its new, 215,000 square foot production facility in Frederick, Maryland. Joined by Maryland Governor Larry Hogan, Ellume Founder and Chief Executive Officer Dr. Sean Parsons inaugurated the new facility, which has the capacity to produce approximately 15 million COVID-19 Home Tests per month and will create hundreds of new jobs.
"From the very onset of the COVID-19 pandemic, Ellume has been committed to supporting the U.S. government's response. With this new facility, we now have the capacity to substantially scale production to meet any future surge in demand for home tests, while also accelerating innovation in developing solutions for the public health needs of today and tomorrow," said Dr. Sean Parsons, Ellume Founder and CEO. "We are grateful for the support of the US Department of Defense, US Department of Health and Human Services, our partnerships with the State of Maryland, the Governor's office and Frederick County, as well as the highly skilled workforce in Maryland's Biotech Corridor who have helped make this facility a reality."
"Maryland truly is open for business, and we are seeing further proof of that here today as Ellume, a respected, global digital diagnostics company opens its very first U.S.-based facility right here in Frederick County," said Governor Larry Hogan. "I want to congratulate the entire team at Ellume, and thank you for investing in the future of our state and helping to build on the already strong mateship between our two great nations."
"The pandemic and the economic disruptions it has caused underscore the need to improve our supply chains and make more in America – especially critical medical equipment," said Senator Chris Van Hollen. "With a federal investment of more than $230 million, Ellume is joining us in our efforts to bring more American manufacturing jobs to our state as they produce the tests we need to stay on top of the ongoing fight against COVID-19. This investment in Western Maryland will strengthen the region and its economy."
"I am delighted to welcome Ellume's flagship facility to Frederick County," said Congressman Jamie Raskin. "Keeping the COVID-19 pandemic at bay requires sustained investment in our public health infrastructure. I am proud that Maryland's Eighth District continues to serve as an economic and public health engine for our nation."
Ellume's COVID-19 Home Test, the first over-the-counter (OTC) rapid antigen test to receive emergency use authorization from the U.S. Food and Drug Administration, is a best-in-class product that Americans count on to keep their families safe. One of the most reliable at-home antigen tests on the market, it is also the only at-home antigen test to use fluorescent detection technology – usually reserved for healthcare professionals and clinical laboratories – and one of the only tests to incorporate sample quality controls to support accurate results. Ellume COVID-19 Home Tests are currently available through a variety of major retailers and in partnership with Federal and local governments.
Test assembly operations were initiated at the Frederick facility in February 2022. The facility will initially bring 200 jobs to the community and up to 1,500 when operating at full capacity.
An innovator in infectious disease digital diagnostics and global health preparedness, Ellume continues to work with the U.S. government to respond to COVID-19 and prepare for and mitigate future pandemics.
About Ellume
Ellume is a digital diagnostics company that develops, manufactures, and commercializes high-performance, connected products for healthcare professionals and consumers. It is at the forefront of accurate, rapid and accessible testing that is integral to today's COVID-19 response and will help ensure the world is prepared for the next infectious disease pandemic. Ellume's key focus is on the detection of common infectious diseases which affect the global population across all diagnostic settings; at-home, point-of-care and in-laboratory. Ellume has a global COVID-19 and TB partnership with QIAGEN, and a range of professional products under its ellume·lab brand. Ellume is committed to developing high-quality digital diagnostics that the world can rely on in a health crisis.
For further information visit ellumehealth.com.
U.S. Media Inquiries
Seven Letter for Ellume
E: ellume@sevenletter.com
M: +1 202 315 2386
Australian Media Inquiries
Patrick Condren, Ellume
E: Patrick.condren@ellumehealth.com
M: +61 405 186 630
In the USA, this product has not been FDA cleared or approved; but has been authorized by FDA under an EUA. This product has been authorized only for the detection of proteins from SARS-CoV-2, not for any other viruses or pathogens; and, the emergency use of this product is only authorized for the duration of the declaration that circumstances exist justifying the authorization of emergency use of in vitro diagnostics for detection and/or diagnosis of COVID-19 under Section 564(b)(1) of the Federal Food, Drug and Cosmetic Act, 21 U.S.C.360bbb-3(b)(1), unless the declaration is terminated or authorization is revoked sooner.
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https://www.wafb.com/prnewswire/2022/03/31/emmaus-life-sciences-reports-2021-financial-results-provides-business-update/
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TORRANCE, Calif., March 31, 2022 /PRNewswire/ -- Emmaus Life Sciences, Inc. (OTCQX: EMMA), a commercial-stage biopharmaceutical company and leader in the treatment of sickle cell disease, today reported financial results for the year ended December 31, 2021 and an update on recent activities.
Recent Highlights
- March 2022: Announced that the Florida Medicaid Pharmaceutical & Therapeutics Committee has added Endari® to the Florida Medicaid Preferred Drug List, effective April 1, 2022, eliminating the need for prior authorization for Medicaid patients.
- March 2022: Received full marketing authorization for Endari from the United Arab Emirates (U.A.E.) Ministry of Health after a five-month review of the company's marketing authorization application.
- December 2021: Presented positive transfusion data from a post-hoc analysis of the phase 3 clinical study of Endari, the company's prescription L-glutamine oral powder, in patients with sickle cell disease, at the 63rd American Society of Hematology (ASH) Annual Meeting. Data confirmed that Endari meaningfully reduces both pain crises and hospitalizations.
- November 2021: Announced collaboration with UpScript to offer telehealth solutions to sickle cell disease patients, expanding access to Endari. The partnership allows patients to see a doctor remotely and receive same-day physician authorization and prescriptions for Endari, which will be delivered directly to their home within just a few days.
- November 2021: Entered into an agreement with Asembia to provide expanded patient and provider support services to simplify access to Endari. Asembia provides a single point of contact for benefits investigation and financial and co-pay assistance, as well as patient and provider education.
- October 2021: Signed an agreement with Kainos Medicine, Inc., granting Emmaus an exclusive license to patent rights, know-how and other intellectual property relating to Kainos' novel IRAK4 inhibitor (KM10544) for the treatment of cancers, including leukemia, lymphoma and solid tumors.
"Recently, we have made substantial progress in expanding access to Endari for sickle cell disease patients in need," stated Yutaka Niihara, M.D., M.P.H., Chairman and Chief Executive Officer of Emmaus. "Although our financial results for 2021 were below our expectations, we anticipate that the full roll-out of our new telehealth solution in the coming weeks will improve patient access and efficiency in the delivery of Endari to sickle cell patients throughout the United States. Internationally, we are pleased to have recently received marketing approval of Endari in the U.A.E. and our first major order from our exclusive distributor there. We are actively pursuing additional marketing approvals of Endari to treat the approximately 225,000 sickle cell disease patients throughout the Middle East North Africa (MENA) region and we expect this expanded distribution, along with our telehealth solution, to help generate increased sales of Endari during 2022."
Dr. Niihara continued, "In addition to our focus on increasing patient access to Endari, we have expanded our clinical pipeline. In particular, we have seen promising results from our ongoing preclinical studies of the IRAK4 inhibitor licensed from Kainos Medicine, Inc. in October 2021, which may prove to be a novel, potential treatment option for hard-to-treat lymphomas such as Waldenström's Macroglobulinemia with MYD88 mutation. We also eagerly anticipate results from an additional proof-of-concept study of Endari as a treatment for diverticulosis, expected in mid-2022. If positive, we should be able to move directly into a registration trial. The current year is shaping up to be an exciting one for Emmaus and we look forward to providing updates throughout the year."
Net Revenues. Net revenues for the year ended December 31, 2021 were $20.6 million, compared to $23.2 million for 2020. Although sales volume as measured by number of boxes of Endari sold held steady compared to 2020, net revenues were adversely affected by somewhat higher and more frequent discounts afforded distributors on bulk pre-orders in 2021 compared to 2020.
Operating Expenses. Total operating expenses for the year were $23.4 million, compared with $21.0 million for 2020. Of the increased expenses, $1.7 million was attributable to increased research and development expenses primarily related to license fees paid to Kainos Medicine, Inc. relating to Kainos' novel IRAK4 inhibitor in research and development expenses associated with the company's pilot/phase 1 diverticulosis sub-study in which enrollment was completed in December 2021. The company also incurred a $1.0 million increase in selling expenses resulting from more frequent travel associated with the lifting of COVID-19 related travel restrictions in the U.S. and foreign countries.
Operating Income (Loss). Operating loss for the year ended December 31, 2021 was $6.1 million, compared with operating loss of $32,000 in 2020.
Other Income (Expense). Other expense increased by $10.8 million, or 1,074%, to $9.8 million for the year ended December 31, 2021, compared to other income of $1.0 million in 2020, which included a $7.7 million gain from sale of marketable securities. The company did not realize a similar gain in 2021. The increase in other expense in 2021 included a $3.5 million increase in foreign exchange loss and a $2.0 million increase in change in fair value of conversion feature derivatives, partially offset by a $2.9 million decrease in interest expense.
Net Income (Loss). For the year, the company reported a net loss attributable to common stockholders of $15.9 million, or $0.32 per share, based on approximately 49.3 million weighted average basic and diluted common shares. This compares to net income of $1.4 million, or $0.03 per share, based on approximately 49.0 million weighted average basic and diluted common shares, for 2020. The increased net loss was primarily attributable to the operating loss for the year and increase in other expense discussed above.
Liquidity and Capital Resources. At December 31, 2021, the company had cash and cash equivalents of $2.3 million, compared with $2.5 million at December 31, 2020.
About Emmaus Life Sciences
Emmaus Life Sciences, Inc. is a commercial-stage biopharmaceutical company and leader in the treatment of sickle cell disease. The company currently markets U.S. Food and Drug Administration approved Endari® (L-glutamine oral powder), indicated to reduce the acute complications of sickle cell disease in adults and children 5 years and older. The company is also engaged in the discovery and development of innovative treatments and therapies for certain rare and orphan diseases as well as those affecting larger populations, such as diverticulosis. For more information, please visit www.emmausmedical.com.
About Endari® (prescription grade L-glutamine oral powder)
Endari®, Emmaus' prescription grade L-glutamine oral powder, was approved by the FDA in July 2017 for treating sickle cell disease in adult and pediatric patients five years of age and older. Sales of Endari® began in the United States in 2018.
Indication
Endari® is indicated to reduce the acute complications of sickle cell disease in adult and pediatric patients five years of age and older.
Important Safety Information
The most common adverse reactions (incidence >10 percent) in clinical studies were constipation, nausea, headache, abdominal pain, cough, pain in extremities, back pain, and chest pain.
Adverse reactions leading to treatment discontinuation included one case each of hypersplenism, abdominal pain, dyspepsia, burning sensation, and hot flash.
The safety and efficacy of Endari in pediatric patients with sickle cell disease younger than five years of age has not been established.
For more information, please see full Prescribing Information of Endari at: www.ENDARIrx.com/PI.
Forward-looking Statements
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding possible increased access to Endari in the U.S. through telemedicine and potential increased sales of Endari following full marketing authorization for Endari in the U.A.E. and, possibly, other countries in the Middle East North Africa region. These forward-looking statements are subject to numerous assumptions, risks and uncertainties which change over time, including uncertainties related to the company's working capital and ability to carry on its existing operations and obtain needed financing, risks inherent in the commercialization of Endari in the U.S. and abroad, and other factors disclosed in the company's Annual Report on Form 10-K for 2021 filed with the Securities and Exchange Commission on March 31, 2022, and actual results may differ materially. Such forward-looking statements speak only as of the date they are made, and Emmaus assumes no duty to update them, except as may be required by law.
(Financial Tables Follow)
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NAPLES, Fla., March 31, 2022 /PRNewswire/ - Enveric Biosciences Inc. (NASDAQ: ENVB) ("Enveric" or the "Company"), a neuroscience-focused biotechnology company developing next-generation, psychedelic-inspired mental health medicines, today reported its financial results for the full year ended December 31, 2021, and provided a business update.
"2021 was a foundational year that set the stage for Enveric to execute on its strategy in the future," said Dr. Joseph Tucker, Enveric's Chief Executive Officer. "With the acquisition of MagicMed in September 2021, we immediately began moving forward with the clinical development strategy of our next-generation treatments and therapies for mental health. We find ourselves strategically positioned with an experienced team of industry professionals, collaborative partners including the University of Calgary, a growing intellectual property portfolio, and a robust Central Nervous System pipeline of promising drug candidates. As we build upon the three core pillars of our success, Drug Development, Drug Discovery, and Intellectual Property, we are focused on creating effective mental health medicines."
Corporate Updates During and Subsequent to the Fourth Quarter 2021:
Clinical Trials
- Announced collaboration with the University of Calgary on a groundbreaking clinical trial for EVM-201 in cancer-related distress. A clinical trial, expected to launch in 2023, of EVM-201, a second-generation psychedelic treatment, for Cancer Related Distress will be led by HBI researcher, Dr. Valerie Taylor, Head of the Department of Psychiatry, in Calgary, Canada.
- Announced positive preclinical data for EV102 radiodermatitis drug candidate. EV102 has demonstrated a significant and meaningful reduction in dermatitis severity, skin redness, and duration in a preclinical rodent model.
- PsyAITM, an artificial intelligence platform, successfully identified viable psychedelic molecules for further drug discovery from Enveric's initial list of 500 psychedelic molecular compounds within its "Psybrary." We believe it is a first of its kind to employ this machine-learning technology against an extensive psychedelic molecule library to evaluate higher-likelihood molecules that treat conditions that include cancer-related distress, PTSD, and other central nervous system (CNS) indications.
IP Portfolio
- Filed and published four patent applications for psychedelic-inspired drug candidates by the World Intellectual Property Organization (WIPO). The four patent applications are focused on the tryptamine family of novel molecules.
- Filed its 10th Patent Cooperation Treaty (PCT) patent application directed to tryptamine-based derivative molecules, completing the Company's broad series of PCT applications covering this family of compounds.
- Successfully synthesized and filed a provisional patent for EV104, the Company's cannabinoid, and celecoxib conjugate. EV104a and EV104b are the Company's new molecular conjugates for Osteoarthritis ("OA") and other pain indications.
- Filed an additional provisional patent application based on new discoveries by the company. The patent application and claimed drug candidates fall into the Company's EVM201 second-generation, psychedelic-derived drug development program.
Leadership Team
- Appointed Bob Dagher, MD, as Chief Medical Officer. Dr. Dagher is a Board-certified neurology and psychiatry physician, bringing over 15 years of clinical experience and extensive therapeutic knowledge in the neuroscience space.
Capital Markets
- Closed a $10 million public offering. The Company intends to use the net proceeds from this offering for working capital and to fund other general corporate purposes.
- Included in the new AdvisorShares Psychedelics ETF, trading under the ticker symbol "PSIL" on the NYSE Arca exchange. PSIL is an ETF that focuses on investments in biotechnology, pharmaceutical, and life sciences companies that are leading the nascent but advancing psychedelic industry.
Financial Results for the Full Year Ended December 31, 2021:
Comprehensive net loss was $48.8 million for the year ended December 31, 2021, including $36.3 million in net non-cash expenses, with basic and diluted loss per share of $2.07, as compared to a comprehensive net loss of $7.0 million with basic and diluted loss per share of $1.19 per share for the year ended December 31, 2020.
Net cash used in operations for the year ended December 31, 2021, was $11.5 million consisting of the net loss, adjusted by a net of $36.3 million in non-cash expenses and changes in asset and liability balances of $1.2 million.
As of December 31, 2021, the Company had cash and cash equivalents of $17.4 million and working capital of $15.3 million. Subsequent to December 31, 2021, the Company raised an additional $10 million and expects to use the funds to help advance its new drug discovery platform, robust IP portfolio, and a growing pipeline of promising drug candidates.
About Enveric Biosciences
Enveric Biosciences (NASDAQ: ENVB) is a neuroscience company developing next-generation psychedelic-inspired mental health medicines. Enveric's robust pipeline supports drug development from the clinic to commercialization for millions of patients in need around the world suffering from conditions that include cancer-related distress, PTSD, and more. For more information, please visit www.enveric.com.
Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as "plans", " expects" or "does not expect", "proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements are based on the beliefs of management as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including, but not limited to, the ability to achieve the value creation contemplated by technical developments; the impact of the novel coronavirus (COVID-19) on Enveric's ongoing and planned clinical trials; the geographic, social and economic impact of COVID-19 on Enveric's ability to conduct its business and raise capital in the future when needed; delays in planned clinical trials; the ability to establish that potential products are efficacious or safe in preclinical or clinical trials; the ability to establish or maintain collaborations on the development of therapeutic candidates; the ability to obtain appropriate or necessary governmental approvals to market potential products; the ability to obtain future funding for developmental products and working capital and to obtain such funding on commercially reasonable terms; Enveric's ability to manufacture product candidates on a commercial scale or in collaborations with third parties; changes in the size and nature of competitors; the ability to retain key executives and scientists; and the ability to secure and enforce legal rights related to Enveric's products, including patent protection. A discussion of these and other factors, including risks and uncertainties with respect to Enveric, is set forth in Enveric's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Enveric disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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EVANSVILLE, Ind., March 31, 2022 /PRNewswire/ -- Escalade, Inc. (NASDAQ: ESCA, or the "Company"), a leading manufacturer and distributor of sporting goods and indoor/outdoor recreational equipment, today announced that it will issue first quarter 2022 results before the market opens on Thursday, April 14, 2022.
A conference call will be held Thursday, April 14, 2022, at 11:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session.
A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of Escalade's website at www.escaladeinc.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download, and install any necessary audio software.
ABOUT ESCALADE
Founded in 1922, and headquartered in Evansville, Indiana, Escalade designs, manufactures, and sells sporting goods, fitness, and indoor/outdoor recreation equipment. Our mission is to connect family and friends creating lasting memories. Leaders in our respective categories, Escalade's brands include Bear® Archery; STIGA® table tennis; Accudart®; RAVE Sports®; Victory Tailgate®; Onix® Pickleball; Goalrilla™; Lifeline® fitness products; Woodplay®; Brunswick Billiards®. Escalade's products are available online and at leading retailers nationwide. For more information, visit www.escaladeinc.com
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements relating to present or future trends or factors that are subject to risks and uncertainties. These risks include, but are not limited to: specific and overall impacts of the COVID-19 global pandemic on Escalade's financial condition and results of operations; the impact of competitive products and pricing; product demand and market acceptance; new product development; Escalade's ability to achieve its business objectives, especially with respect to its Sporting Goods business on which it has chosen to focus; Escalade's ability to successfully achieve the anticipated results of strategic transactions, including the integration of the operations of acquired assets and businesses and of divestitures or discontinuances of certain operations, assets, brands, and products; the continuation and development of key customer, supplier, licensing and other business relationships; Escalade's ability to develop and implement our own direct to consumer e-commerce distribution channel; Escalade's ability to successfully negotiate the shifting retail environment and changes in consumer buying habits; the financial health of our customers; disruptions or delays in our business operations, including without limitation disruptions or delays in our supply chain, arising from political unrest, war, labor strikes, natural disasters, public health crises such as the coronavirus pandemic, and other events and circumstances beyond our control; Escalade's ability to control costs; Escalade's ability to successfully implement actions to lessen the potential impacts of tariffs and other trade restrictions applicable to our products and raw materials, including impacts on the costs of producing our goods, importing products and materials into our markets for sale, and on the pricing of our products; general economic conditions; fluctuation in operating results; changes in foreign currency exchange rates; changes in the securities markets; continued listing of the Company's common stock on the NASDAQ Global Market and/or inclusion in market indices such as the Russell 2000; Escalade's ability to obtain financing and to maintain compliance with the terms of such financing; the availability, integration and effective operation of information systems and other technology, and the potential interruption of such systems or technology; risks related to data security of privacy breaches; and other risks detailed from time to time in Escalade's filings with the Securities and Exchange Commission. Escalade's future financial performance could differ materially from the expectations of management contained herein. Escalade undertakes no obligation to release revisions to these forward-looking statements after the date of this press release.
INVESTOR RELATIONS CONTACT
Patrick Griffin
Vice President - Corporate Development & Investor Relations
812-467-1358
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SALT LAKE CITY, March 31, 2022 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today it will release financial results for the three months ended March 31, 2022 on Tuesday, May 3, 2022 after the market closes. The Company will host a conference call at 1:00 p.m. Eastern Time on Wednesday, May 4, 2022 to discuss its financial results. Hosting the call will be Extra Space Storage's CEO, Joe Margolis. Joining him will be Scott Stubbs, Executive Vice President and CFO.
During the conference call, company officers will review operating performance, discuss recent events, and conduct a question-and-answer period. The question-and-answer period will be limited to registered financial analysts. All other participants will have listen-only capability.
The playback can be accessed beginning on May 4, 2022 at 4:00 p.m. ET through May 11, 2022 at 4:00 p.m. ET.
The conference call will also be available on the Company's website under Investor Relations at www.extraspace.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. A replay of the call will also be available for 30 days on the Company's website.
Full Text of the Earnings Report and Supplemental Data
The full text of the earnings report and supplemental data will be available at the Company's website at http://ir.extraspace.com immediately following the earnings release to the wire services after the market close on Tuesday, May 3, 2022.
For those without Internet access, the earnings release will be available by mail or fax, on request. To receive a copy, please call Extra Space Storage Investor Relations at (801) 365-1759.
About Extra Space Storage Inc.
Extra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self-administered and self-managed real estate investment trust, and a member of the S&P 500. As of December 31, 2021, the Company owned and/or operated 2,096 self-storage properties, which comprise approximately 1.5 million units and approximately 160.9 million square feet of rentable storage space offering customers conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. The Company is the second largest owner and/or operator of self-storage properties in the United States and is the largest self-storage management company in the United States.
For more information, please visit www.extraspace.com.
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https://www.wafb.com/prnewswire/2022/03/31/fleetops-announces-integration-partnership-with-turvo-bringing-new-capacity-turvo-transportation-management-system/
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Brokerages using Turvo will gain access to over 227,000 drivers in the FleetOps network
TORONTO, March 31, 2022 /PRNewswire/ -- FleetOps, North America's fastest-growing capacity aggregation and freight matching platform built exclusively for brokers and third-party logistics, is excited to announce its most recent integration with Turvo, provider of the world's leading collaboration application designed for the supply chain. Turvo connects people, systems and organizations allowing shippers, logistics providers, and carriers to unite their supply chains, deliver outstanding customer experiences, collaborate in real-time, and accelerate growth. Through this partnership, Turvo customers will have access to FleetOps' growing network of more than 227,000 drivers.
For freight brokerages using Turvo, this new integration will allow for easy posting of loads, access to quality capacity, onboarding of carriers, and booking of loads directly within the Turvo platform. Additionally, the partnership will give brokers the ability to reduce the number of external applications required to run their business and maintain their current transportation management system (TMS) processes while allowing access to a new subset of carriers interested in hauling their loads. With trucks driving empty 20% of the time, providing automated load matching is more important than ever.
"Turvo's commitment to providing a comprehensive supply chain management solution to its customers is unmatched, and we are excited about this partnership and opportunity to further their efforts," said Chris Atkinson, CEO of FleetOps. "Without this integration, brokers typically resort to unnecessary and time-consuming manual processes such as outbound calling, email blasts, and negotiations. Through this partnership, FleetOps will proactively bring trucking companies to brokers by aggregating capacity across load boards, then provide easy access to this information through Turvo's TMS platform."
"This partnership will be instrumental in saving brokers' time - from easy posting of loads to on-the-spot booking, all within a platform they already use," said Ron Richardson, Chief Revenue Officer, Turvo. "We are constantly looking for ways to streamline processes and offer efficiencies to our customers, and this integration with FleetOps will further support our efforts.
About FleetOps
Founded in 2017, FleetOps is an on-demand freight marketplace that matches freight from brokers to carriers with available capacity. The system does this by leveraging driver Electronic Logging Device data and Artificial Intelligence to improve on existing systems and increase efficiency in trucking.
Currently boasting more than 227,000 drivers available to haul loads, the company has raised more than $8.5 million to date from investors including Resolute Ventures and Inspired Capital. FleetOps has existing partnerships with Convoy, Edge Logistics, FleetComplete, and Loadsmart.
Visit FleetOps.ai to learn more.
LinkedIn: @FleetOps
Twitter, Facebook: @FleetOpsFreight
About Turvo
Turvo provides the world's leading collaboration application designed specifically for the supply chain. Turvo connects people and organizations allowing shippers, logistics providers, and carriers to unite their supply chains, deliver outstanding customer experiences, collaborate in real-time, and accelerate growth. The technology unifies all systems, internal and external, providing one end-to-end solution to execute all operations and analytics while eliminating redundant manual tasks and automating business processes. Turvo's customers include some of the world's largest, Fortune 500 logistics service providers, shippers, and freight brokers. Turvo is based in the San Francisco Bay Area with offices in Dallas, Texas, and Hyderabad, India. (www.turvo.com)
Visit Turvo.com to learn more.
LinkedIn, Facebook: @TurvoInc
Twitter: @Turvo
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https://www.wafb.com/prnewswire/2022/03/31/fresh-vine-wine-announces-fourth-quarter-full-year-2021-financial-results/
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December 2021 IPO Provides Capital to Accelerate Growth Strategy
2021 Revenues Increase 681% While Fourth Quarter Revenues Grew 19% Sequentially Compared to the Third Quarter, Reflecting an Acceleration in Momentum and an Inflection Point in the Company's Growth Trajectory – With Most Growth Occurring Prior to IPO Funding
IPO Proceeds Deployed to Grow the Brand, Increase Awareness, and Procure Inventory to Sustain Strong Sequential Momentum in 2022
Over 1,000 New Points of Distribution Added in First Quarter, More Than All of Last Year
Celebrities Nina Dobrev and Julianne Hough, Initial and Ongoing Investors, Continue to Enthusiastically Endorse FVW Celebrating Partners and Product Launches Among Their More Than 30 Million Social Media Followers
MINNEAPOLIS, March 31, 2022 /PRNewswire/ -- Fresh Vine Wine, Inc. (NYSE American: VINE), the premier producer of premium lower carb, lower sugar, and lower calorie wines in the United States, today reported strong financial results for the three months and fiscal year ended December 31, 2021, including year-over-year annual revenue growth of 681% from $217 thousand in 2020 to $1.700 million in 2021.
Janelle Anderson, CEO of Fresh Vine Wine, Inc., said, "I am extremely proud of our team, which grew the business both for the year and sequentially in the fourth quarter by executing on extremely aggressive marketing and go-to-market strategy, while concurrently completing our IPO. This reflects an inflection in the company's growth trajectory and is indicative of the results we expect this year. We have already put the IPO proceeds to work building our brand, investing in our people, and procuring inventory. In the first quarter of 2022, we added over 1,000 new points of distribution (PODs), which is more than twice the 900 PODs we had at time of IPO. We believe that this leading indicator, coupled with our increased inventory levels, suggest accelerating revenue growth and strong first quarter results."
Ms. Anderson continued, "The speed of our expansion is remarkable, which speaks to the quality of our sales and marketing strategy and the pedigree of our organization. Our success reinforces the viability of consumer demand for our category-defining, premium tasting brand of lower carb, lower sugar, lower calorie wines. We plan to continue this positive trajectory in 2022 by introducing new product offerings and expanding our marketing efforts, in part by leveraging the 30 million-plus social media followers of our celebrity spokespeople and co-founders, Nina Dobrev and Julianne Hough. It is encouraging and rewarding to begin this year with significant positive momentum."
Recent Business Highlights
- In December 2021, the Company closed its Initial Public Offering, raising net proceeds of $19.2 million
- Added 1,000 Points of Distribution in the first quarter
Retail
- Launched in our first national "C-Store" where we have been authorized at their more than 1,600 California locations
- Securing a top national convenience store chain to carry our wines in the state of California is a true breakthrough for Fresh Vine Wine and further validates the demand for our lower carb, lower calorie, lower sugar premium wines
- Secured placement at the newest resort on the Famous Las Vegas Strip
- FVW wines premium Cabernet Sauvignon, Chardonnay and other varietals will be featured at 22 various venues at the newly launched Resorts World Las Vegas
- Expanded partnership with retail grocer, Hy-Vee, for the distribution of our premium Limited Reserve Napa Cabernet
- To be featured at all Hy-Vee stores in the Upper Midwest
- Announced a partnership with CRAVE American Kitchen & Sushi Bar
- Featured as a premium wine pairing and frequently recommended as the perfect complement to their special lunch and dinner menus
Geographic Expansion
- Expanded into 6 new states in the first quarter of 2022, including Nevada coincident with the Resorts World launch
- FVW now available nationwide, one of the Company's key strategic priorities.
Direct to Consumer
- Experienced record-breaking single day sales on two separate occasions, reflecting the impact of our social media marketing strategy
- Record demand after major shareholders Nina Dobrev and Julianne Hough appeared across national media following VINE IPO day and then again after their appearance on The Ellen Show https://bit.ly/36VuRd4. Expect more exciting appearances representing Fresh Vine Wine by these highly influential celebrities
New Product Release
- Released a fifth varietal, a Limited Reserve Napa Cabernet Sauvignon
- The introduction of this premium wine represents further progress in our business objectives to leverage our presence at retail to increase distribution and fuel future growth.
- Announced the bottling of our 2021 Vintage Rosé at 21 times the quantity of 2020 Rosé bottled
- After selling out the entire 2020 Rosé Vintage within months of bottling, now bottling the 2021 Vintage Rosé at 21 times the amount of Rosé bottled for the 2020 vintage.
Fourth Quarter and Fiscal Year 2021 Financial Results and Commentary
Net revenue in fiscal 2021 was $1.70 million, up from $217,000 in fiscal 2020. Growth was primarily attributable to our increased presence in the wholesale market, where we significantly expanded our distributor network and geographic presence, and the introduction of our wine club, which drove direct-to-consumer sales. Of total 2021 revenue, $773,000 was from our wholesale distribution channel and $774,000 was from our direct-to-consumer sales channel. As fourth quarter revenues were affected by an inventory drawdown precipitated by very strong demand, the Company used this period to accelerate the timing of the launch of its Strategic Services segment, which netted over $150,000 of revenue in the quarter, and is expected to continue quarterly in fiscal 2022. Selling, general and administrative expenses were $4.79 million for the fiscal year ended December 31, 2021, compared to $1.33 million for the fiscal year ended December 31, 2020, largely driven by increases in Selling, Marketing and General & Administrative expenses. The year-over-year increase in Marketing expenses primarily resulted from our sports marketing partnerships while the increase in General & Administrative expenses is the result of increased salaries and wages needed to support the growth in sales. Selling expenses generally follow our sales volume growth. The Company reported a net loss of $9.97 million, or ($1.12) per share, for fiscal 2021, compared to a net loss of $1.29 million, or ($0.21) per share in fiscal 2020.
Liquidity and Capital Resources
- The Company's cash and cash equivalents balance as of December 31, 2021, was $16.1 million. The Company has no material debt.
About Fresh Vine Wine, Inc.
Fresh Vine Wine, Inc. (NYSE American: VINE) is a premier producer of lower carb, lower calorie premium wines in the United States, kicking off a 2022 growth plan following its IPO in mid-December 2021. Fresh Vine Wine's brand vision is to lead the emerging natural and accessible premium wine category, as health trends continue to accelerate in the US marketplace. The 2020 US wine market was a $69 billion category. Fresh Vine Wine plans to accelerate growth in 2022 by amplifying its marketing, expanding product offerings, and expanding its team. Fresh Vine Wine positions its core brand lineup as an affordable luxury, retailing between $14.99-$22.99. Fresh Vine Wine's varietals currently include its Cabernet Sauvignon, Chardonnay, Pinot Noir, and Rosé.
Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as "anticipate," "expect," "plan," "could," "may," "will," "believe," "estimate," "forecast," "goal," "project," and other words of similar meaning. These forward-looking statements address various matters including statements regarding the timing or nature of future operating or financial performance or other events. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company's ability to hire additional personnel and to manage the growth of its business; the Company's reliance on its brand name, reputation and product quality; the Company's ability to adequately address increased demands that may be placed on its management, operational and production capabilities; the effectiveness of the Company's advertising and promotional activities and investments; the Company's reliance on celebrities to endorse its wines and market its brand; general competitive conditions; fluctuations in consumer demand for wine; overall decline in the health of the economy and consumer discretionary spending; the occurrence of adverse weather events, natural disasters, public health emergencies, or other unforeseen circumstances that may cause delays to or interruptions in the Company's operations; risks associated with disruptions in the Company's supply chain for grapes and raw and processed materials; the impact of COVID-19 and its variants on the Company's customers, suppliers, business operations and financial results; disrupted or delayed service by the distributors the Company relies on for the distribution of its wines; the Company's ability to successfully execute its growth strategy; the Company's success in retaining or recruiting, or changes required in, its officers, key employees or directors; the Company's ability to protect its trademarks and other intellectual property rights; the Company's ability to comply with laws and regulations affecting its business, including those relating to the manufacture, sale and distribution of wine; claims, demands and lawsuits to which the Company may be subject and the risk that its insurance or indemnities coverage may not be sufficient; the Company's ability to operate, update or implement its IT systems; the Company's ability to successfully pursue strategic acquisitions and integrate acquired businesses; the Company's potential ability to obtain additional financing when and if needed; the Company's founders' significant influence over the Company; and the risks identified in the Company's other filings with the SEC. The Company cautions investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read the Company's filings with the SEC, available at www.sec.gov for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. The Company's business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Contact: freshvinewine@jonesworks.com
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https://www.wafb.com/prnewswire/2022/03/31/frigo-cheese-heads-brand-awards-30000-winning-schools-its-8th-annual-build-bright-future-program/
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LINCOLNSHIRE, Ill., March 31, 2022 /PRNewswire/ -- Today, Frigo® Cheese Heads® announced the winning schools in its "Build a Bright Future" program, which is aimed at helping schools improve their learning experience and environment through funding for equipment, materials and renovations. Schools across the country had the opportunity to be nominated for the chance at a grand prize of $10,000, followed by 10 runner-up awards. The grand prize-winning school, Desert Star Elementary in Goodyear, Arizona, was revealed today during a morning student assembly that included a surprise visit and a check presentation from the Frigo® Cheese Heads® mascot.
During the period of August 2021 to October 2021, parents, teachers and other adults across the country were invited to submit a video or written nomination explaining why their school deserved to win. All entries were evaluated by a panel of judges for the overall quality of the nomination and the proposed benefit to the school's educational needs. A total of 945 nominations from K-8 schools nationwide were received this year. The judges then narrowed down the list to 11 finalists, and community members, school supporters and fans were invited to vote on social media to determine the grand prizewinner. Winning entries can be viewed at CheeseHeadsBrightFuture.com.
The runner-up schools receiving $2,000 each include:
- Angie Debo Elementary – Edmond, Oklahoma
- Atlantis Academy – Coral Springs, Florida
- Birdilee V. Bright Elementary School – Los Angeles
- Boulder Creek Elementary School – Boulder Creek, California
- Cambridge Elementary School – Jeffersonville, Vermont
- Dunham Elementary School – Petaluma, California
- Elmwood Elementary School – Baltimore
- Meadowlark Elementary School – Billings, Montana
- Valley Elementary School – Poway, California
- Woodland Hills Elementary – Woodland Hills, California
"Giving children the tools and environment to thrive in school starts with the little things like proper equipment, access to nutritious food and other needed supplies and upgrades to help the incredible teachers and school staff who guide their learning," said Saputo Dairy USA Vice President, Marketing and Innovation David Cherrie. "We are proud to support education through the Frigo® Cheese Heads® 'Build a Bright Future' program and look forward to seeing the impact this funding will have to benefit the schools, their teachers and their students."
"We are extremely proud of our community and the support we received during the voting period for the Frigo® Cheese Heads® Build a Bright Future program. Our students deserve the best and that is what we plan to do with our new lab — give them the best science experience so that they can grow as thinkers, problem-solvers and communicators," said Desert Star Principal Jessica Worthington.
Thank you to all who nominated their school or voted, and congratulations to the winning schools!
About Frigo® Cheese Heads®
Frigo® Cheese Heads® cheese is the creamy, delicious, stringy and fun on-the-go snack for both kids and adults. With everyday snacking options like regular or light string cheese, as well as cheese and meat combo packs, Frigo® Cheese Heads® brand products are a good source of calcium and protein in a convenient individually wrapped, enjoyable snack. Learn more at FrigoCheeseHeads.com.
About Saputo Dairy USA
Saputo Dairy USA is part of Saputo Inc., one of the top 10 dairy processors in the world. Through the Dairy Division (USA), Saputo produces, markets and distributes a vast assortment of cheeses. Furthermore, the company converts, markets and sells a broad range of specialty cheeses and holds an important portfolio of import licenses for specialty cheeses manufactured abroad. Saputo Dairy USA also produces a variety of dairy and non-dairy extended shelf-life products. Additionally, Saputo produces, markets and distributes dairy ingredients in the U.S. and on the international market. Products are sold under a variety of the company's brand names, as well as under customer brand names.
Saputo Dairy USA is among the top mozzarella, string cheese, domestic blue and goat cheese producers and is one of the largest producers of extended shelf-life and cultured dairy products in this region.
Media contact:
Samantha Liebhard
612-375-8579
samantha.liebhard@clynch.com
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SOURCE Frigo Cheese Heads
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https://www.wafb.com/prnewswire/2022/03/31/gerdau-sa-files-form-20-f/
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SÃO PAULO, March 31, 2022 /PRNewswire/ -- GERDAU S.A. (NYSE: GGB, B3: GGBR3, GGBR4) hereby announces that the Form 20-F related to the fiscal year ended December 31, 2021 was filed with the U.S. Securities and Exchange Commission (SEC) at http://sec.gov and with the Securities and Exchange Commission of Brazil (CVM) at http://cvm.gov.br and it is also available at the Company's Investor Relations website at https://ri.gerdau.com/en/
Shareholders may request a free copy of the Form 20-F from the IR team by sending an email to inform@gerdau.com.br or by calling +55 11 3094-6300.
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https://www.wafb.com/prnewswire/2022/03/31/greenidge-generation-reports-fourth-quarter-full-year-2021-results-provides-first-quarter-2022-update/
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Fourth Quarter 2021 Highlights
- Total revenue increased to $44.3 million, up 617% year-over-year
- Cryptocurrency datacenter revenue increased to $33.7 million, up 676% year-over-year
- GAAP net loss was $41.4 million for the fourth quarter, including a $42.3 million noncash goodwill impairment charge related to the Support.com business, as compared to a net loss of $0.8 million in the prior year
- Adjusted EBITDA of $19.1 million – in line with February 2022 guidance of $18 million to $20 million
- Adjusted EBITDA margin of 43.2%, compared to 19.2% in the prior year
- Produced 609 bitcoins in the fourth quarter
- Mining capacity of approximately 1.4 EH/s from 17,300 miners as of December 31, 2021
- Adjusted net income of $7.6 million
- Completed acquisition of Spartanburg, SC site and commenced operations at the facility within one week
- Cash, short term investments and cryptocurrency holdings of $84.4 million as of December 31, 2021
Full Year 2021 Highlights
- Total revenue increased to $107.3 million, up 433% year-over-year
- Cryptocurrency datacenter revenue increased to $87.9 million, up 575% year-over-year
- GAAP Net Loss of $44.5 million, including the $42.3 million noncash goodwill impairment charge, as compared to a net loss of $3.3 million in the prior year
- Adjusted EBITDA of $52.9 million – consistent with $52 million estimate provided in March of 2021
- Adjusted net income of $26.8 million
- Produced 1,866 bitcoins during 2021
First Quarter 2022 Highlights
- Mining fleet as of March 31, 2022 consists of approximately 19,400 miners with approximately 1.6 EH/s of capacity
- 17% of hash rate capacity located at Spartanburg, SC less than four months after operations commenced at facility
- 29,600 additional miners contracted for delivery during the balance of 2022 from Bitmain representing approximately 3.1 EH/s of additional capacity
- Received and deployed approximately 11,800 miners in last twelve months with 97% deployed as scheduled
- Over $115 million of liquidity as of March 31, 2022 consisting of over $90 million in cash and fair value of crypto holdings and over $25 million in undrawn financing commitments
- Over $135 million of cash on deposit with Bitmain as of March 31, 2022
FAIRFIELD, Conn., March 31, 2022 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge"), a vertically integrated cryptocurrency datacenter and power generation company, today announced financial and operating results for the fourth quarter and fiscal year ended December 31, 2021 and provided an update regarding the first quarter of 2022.
"Consistent with the estimates we released in February, Greenidge demonstrated another strong quarter of significant revenue growth and substantial Adjusted EBITDA generation," said Jeff Kirt, Chief Executive Officer of Greenidge. "During the quarter, in addition to commencing mining operations at our Spartanburg, SC facility within a week of its acquisition, our operations team continued to execute the deployment of our fleet as scheduled. After just four months of operations, our Spartanburg facility houses approximately 17% of our datacenter capacity."
"Since the end of the year, we have fortified our balance sheet with non-dilutive capital and ended the first quarter with over $115 million in liquidity. This puts us on solid footing to execute the deployment of the remaining fleet of over 29,000 miners we have delivering throughout the balance of 2022 from Bitmain, which will bring our total capacity to approximately 4.7 EH/s. Over the last twelve months, our in-house operations team has deployed almost 12,000 new miners and energized substantially all of the equipment into production within days or even hours of receipt. Despite the well-known challenges in the global air freight market, 97% of the machines were received and deployed as scheduled."
Fourth Quarter 2021 Financial Results
Greenidge's revenue for the fourth quarter was $44.3 million, up 617% compared to the prior year. Cryptocurrency Datacenter revenue was $33.7 million, up 676% versus the prior year, and Power and Capacity revenue was $2.2 million, up 19% compared to the prior year. The merger with Support.com on September 14, 2021 added approximately $8.4 million to fourth quarter revenue.
Net loss was $41.4 million for the fourth quarter as compared to a net loss of $0.8 million in the prior year. The fourth quarter included a $42.3 million noncash goodwill impairment charge relating to the Support.com business, a $3.6 million remeasurement adjustment associated with an environmental liability, $2.2 million of expansion costs and $1.2 million of merger and public company filing costs. Excluding these items, Adjusted net income was $7.6 million, compared to Adjusted net loss of $0.3 million in the fourth quarter of 2020.
Adjusted EBITDA for the fourth quarter was $19.1 million, or 43.2% of revenue, compared to the prior year fourth quarter of $1.2 million, or 19.2% of revenue. The significant and continuing expansion of cryptocurrency datacenter operations drove the growth in Adjusted EBITDA and Adjusted EBITDA margin.
As of December 31, 2021, Greenidge had cash, short term investments and fair value of cryptocurrency holdings of $84.4 million.
Note, Adjusted net income, adjusted EBITDA and adjusted EBITDA margin are non-GAAP measures. See the tables attached to this press release for a reconciliation from GAAP to non-GAAP measures and Use of Non-GAAP Information below for more details
Cryptocurrency Datacenter Commentary
Greenidge produced 609 bitcoins during the fourth quarter, compared to 228 bitcoins in the fourth quarter of the prior year. For the full year of 2021, Greenidge produced 1,866 bitcoins, which compared to 1,146 bitcoins in 2020.
As of December 31, 2021, Greenidge had approximately 17,300 miners with an aggregate hash rate capacity of approximately 1.4 EH/s and has additional purchase commitments that are expected to bring the company's total capacity to approximately 49,000 miners and 4.7 EH/s by the end of 2022.
Capital Discussion
During the fourth quarter of 2021, Greenidge successfully closed $72.2 million of public offerings of senior unsecured notes due in 2026, netting proceeds of $66.9 million after commissions, discounts and issuance costs.
During the fourth quarter of 2021, Greenidge also successfully raised $47.4 million in net proceeds through the sale of 2.13 million shares of its class A common stock, pursuant to the previously announced equity purchase agreement. Through March 31, 2022, the Greenidge has raised $51.4 million in net proceeds through the sale of 2.55 million shares of its class A common stock pursuant to the equity purchase agreement.
South Carolina Expansion
During the fourth quarter of 2021, Greenidge completed the acquisition of its facility in Spartanburg, SC, including over 750,000 square feet of buildings and 175 acres of land. The transaction closed on December 7, 2021 and Greenidge commenced operations at the site within a week of the acquisition.
First Quarter 2022 Update
Greenidge anticipates having approximately 19,400 miners at its datacenters in New York and South Carolina as of March 31, 2022 with approximately 1.6 EH/s of capacity. Approximately 17% of the hash rate capacity is located at Greenidge's second facility in Spartanburg, SC. The company has approximately 29,600 additional miners scheduled for delivery from Bitmain throughout the balance of 2022 representing approximately 3.1 EH/s in additional capacity and has over $135 million of cash on deposit with Bitmain associated with the purchase agreements for these miners.
In the twelve months ended March 31, 2022, Greenidge has taken delivery of approximately 11,800 miners, of which 97% arrived as scheduled, with only approximately 370 delayed due primarily to freight vendor performance and a brief Covid-related lockdown in Malaysia during 2021.
Greenidge has liquidity of over $115 million as of March 31, 2022 consisting of over $90 million in cash and fair value of cryptocurrency holdings and over $25 million in undrawn financing commitments.
In late March, at the request of the New York State Department of Environmental Conservation (the "Department"), Greenidge agreed to extend, for a second time, the deadline for the Department to complete its review of the renewal application for the Title V Air Permit at the company's New York facility. The application was deemed complete by the Department in September 2021 and this second extension is to June 30, 2022. Greenidge continues to operate in New York without interruption during this period and intends to continue to work constructively with the Department to finalize a permit renewal. Greenidge notes that it is not uncommon for renewal applicants to operate for extended periods of time, sometimes years, prior to finalizing a permit renewal and additional future extensions may be requested.
About Greenidge Generation Holdings Inc.
Greenidge Generation Holdings Inc. (NASDAQ: GREE) is a vertically integrated cryptocurrency datacenter and power generation company. Greenidge is committed to 100% carbon-neutral datacenter operations at all of its locations by utilizing low-carbon sources of energy and offsetting its carbon footprint.
Use of Non-GAAP Information
To provide investors and others with additional information regarding the financial results of Greenidge (the "Company"), the Company has disclosed in this press release certain non-GAAP operating performance measures of Adjusted EBITDA, Adjusted EBITDA margin and Adjusted net income. Adjusted EBITDA is defined as earnings before interest, taxes and depreciation and amortization, which is then adjusted for stock-based compensation and other special items determined by management, including, but not limited to costs associated with the merger with Support.com, costs of becoming a public company (which included the costs of a corporate reorganization from an LLC, public registration of shares and associated costs), business expansion costs, impairment of goodwill and remeasurement of environmental liability. Adjusted EBITDA margin is the percentage of Adjusted EBITDA of revenue. Adjusted net income (loss) is net loss adjusted for the after-tax impacts of special items determined by management, including but not limited to costs associated with the merger with Support.com, costs of becoming a public company (which included the costs of a corporate reorganization from an LLC, public registration of shares and associated costs), business expansion costs, impairment of goodwill and remeasurement of environmental liability. These non-GAAP financial measures are a supplement to and not a substitute for or superior to, the Company's results presented in accordance with U.S. GAAP. The non-GAAP financial measures presented by the Company may be different from non-GAAP financial measures presented by other companies. Specifically, the Company believes the non-GAAP information provides useful measures to investors regarding the Company's financial performance by excluding certain costs and expenses that the Company believes are not indicative of its core operating results. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for results or guidance prepared and presented in accordance with U.S. GAAP. A reconciliation of the non-GAAP financial measures to U.S. GAAP results is included herein.
Forward-Looking Statements
This press release includes certain statements that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements for purposes of federal and state securities laws. These forward-looking statements involve uncertainties that could significantly affect Greenidge's financial or operating results. These forward-looking statements may be identified by terms such as "anticipate," "believe," "continue," "foresee," "expect," "intend," "plan," "may," "will," "would," "could," and "should," and the negative of these terms or other similar expressions. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Forward-looking statements in this press release include, among other things, statements regarding the business plan, business strategy and operations of Greenidge in the future. In addition, all statements that address operating performance and future performance, events or developments that are expected or anticipated to occur in the future, such as statements concerning (i) the delivery of miners currently on order with Bitmain, (ii) the development of facilities in South Carolina, (iii) future mining capacity, (iv) future electrical capacity, (v) the ability to offset carbon emissions, (vi) future liquidity, (vii) the ability to obtain future debt or equity financing and (viii) the Department Title V Air permit renewal process, are forward-looking statements. Forward-looking statements are subject to a number of risks, uncertainties and assumptions. Matters and factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements include but are not limited to the matters and factors described in Part II, Item 1A. "Risk Factors" of Greenidge's Quarterly Reports on Form 10-Q, and its other filings with the Securities and Exchange Commission. Consequently, all of the forward-looking statements made in this press release are qualified by the information contained under this caption. No assurance can be given that these are all of the factors that could cause actual results to vary materially from the forward-looking statements in this press release. You should not put undue reliance on forward-looking statements. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do occur, the actual results, performance, or achievements of Greenidge could differ materially from the results expressed in, or implied by, any forward-looking statements. All forward-looking statements speak only as of the date of this press release and Greenidge does not assume any duty to update or revise any forward-looking statements included in this press release, whether as a result of new information, the occurrence of future events, uncertainties or otherwise, after the date of this press release.
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SOURCE Greenidge Generation Holdings Inc.
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https://www.wafb.com/prnewswire/2022/03/31/hallaron-advertising-agency-using-digital-ads-update-local-political-campaigns/
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THE WOODLANDS, Texas, March 31, 2022 /PRNewswire/ -- Hallaron, a full-service advertising and branding agency in The Woodlands, Texas has begun using digital advertising platforms to serve smaller, local political advertisers. The advantage is using microtargeted geographic and behavioral factors to serve highly custom display and video ads to local voters. The results point to more efficient campaigns that can get better results even with monthly ad spends less than $10,000.
Through a collaborative partnership with Vici Media Inc., based in Philiadelphia, PA, Hallaron began using sophisticated digital platforms including precise targeting tools to serve ads among local county and even city elections in early 2022 primaries. Often reserved for larger business or political clients, Hallaron uses the same big-client ad tools to shape strategy for smaller local low budget campaigns. Often the focus is replacing older marketing thinking with smarter targeting that serves ads to local voters using cell phones and social media instead of billboards or direct mail.
"Our new political campaigns aim to serve voters with ads where they consume daily news and entertainment – that's through their mobile phones and the Internet," explains agency principal Mike Hallaron.
Statista reports that mobile media usage in the United States is set to increase to four hours and 29 minutes per day in 2022. Compare that time with traditional drive time and radio listening, print, or TV viewership.
Because of lengthy Covid-19 shutdowns, Hallaron says many Americans extended their digital and mobile reliance even further – turning to these devices for business, shopping, and reaching the world beyond their front door.
Direct mail is still popular in most small market political races where access to new digital techniques lags behind. Inexpensive yard signs are still widely used but limited. Digital and mobile ads include links to landing pages where voters can watch a candidates videos, read a bio, or review her platform positions on local issues. "When you add a well-executed social strategy on Facebook, the frequency and reach for a small campaign can be game-changing," Hallaron says.
Hallaron's digital partner Vici Media works with nearly 200 ad agencies and media companies in the U.S., serving 3 billion digital ad impressions annually. The company was named to Deloitte's Technology Fast 500 in 2020. Hallaron sees more clients educating themselves about creative digital media strategies, such as geofencing, mobile conquesting and social mirroring techniques, for example.
Hallaron Advertising Agency is an award-winning full-service ad agency in The Woodlands, Texas. Since 2003, Hallaron has helped reshape winning brands and mastered creative advertising campaigns that lead to better sales and business growth for their clients. Visit www.hallaron.com to learn more.
Media contact:
Mike Hallaron
mike@hallaron.com
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SOURCE Hallaron Advertising Agency
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https://www.wafb.com/prnewswire/2022/03/31/health-care-service-corporation-announces-leadership-changes/
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CHICAGO , March 31, 2022 /PRNewswire/ -- Health Care Service Corporation (HCSC), the nation's largest customer-owned health insurer, announced today several changes to its senior leadership team.
The leadership transitions reflect a thoughtful and strategic approach to long-term growth and succession planning for the company.
Dr. Opella Ernest, chief operating officer, takes on a new role effective immediately as executive vice president, HCSC Commercial Markets, succeeding Jeff Tikkanen, who announced he will retire from HCSC in March 2023. Mike Frank, senior vice president, Pharmacy and Ancillary Business, will become senior vice president, chief operating officer. Dr. Ernest and Frank will report to Maurice Smith, president and CEO of HCSC.
Jeff Tikkanen, executive vice president, Commercial Markets, will transition to an advisory role focused on market initiatives including national account strategy and key client relationships until his retirement in March 2023.
"As our strategic priorities evolve, so does our organizational structure," said Maurice Smith president and CEO of HCSC. "Our continued focus on building our leadership bench strength allows us to continue to execute on our strategy -- to expand health care access, to deepen relationships in our communities and to advance our mission and commitments to remain the health coverage partner of choice for our stakeholders. HCSC has an action-oriented leadership team that is a result of a long-standing focus on attracting and growing top talent."
Dr. Opella Ernest will take on her new role, effective immediately, as executive vice president, HCSC Commercial Markets. As our former chief operating officer, Dr. Ernest helped reshaped our customer and provider experience through advancements in technology and innovation. In her new role, Dr. Ernest assumes responsibility for the company's five BCBS health plans in Illinois, Montana, New Mexico, Oklahoma and Texas as well as national account growth, clinical and pharmacy operations and analytics. She joined HCSC in 2012 and has had increasing responsibility leading the company's clinical strategy and operation as Senior Vice President, Chief Clinical Officer. She also served as Divisional Senior Vice President, Chief Medical Officer of Blue Cross and Blue Shield of Illinois. A board-certified family physician, she has a degree in medicine from The Ohio State University College of Medicine and a bachelor's degree from the University of Michigan
Mike Frank, senior vice president Pharmacy and Ancillary Business, will become senior vice president, chief operating officer, reporting to Dr. Ernest. In his new role, Mike will lead HCSC's IT and Customer Service organizations. Frank joined HCSC in 2013 when BCBSMT became part of the company. Since that time as SVP, Tri-State plans, he provided strategic oversight on how HCSC served members in our Blue Cross and Blue Shield Plans in Montana, New Mexico and Oklahoma as well as expanding our pharmacy solutions and better understanding of our customer service needs. Previously Frank was president of the Montana plan. Other roles at the plan included chief legal and operations officer, chief administrative officer, vice president of Corporate Integrity and Human Resources, and vice president of Compliance and Ethics. He earned his Bachelor of Science in psychology from Montana State University and his Juris Doctor from the University of Montana.
"These leadership changes will position the company for continued growth and demonstrate the strength of the HCSC management bench," said Smith. "Opella and Mike's leadership has been instrumental in both advancing and driving HCSC strategy over the last few years. In their new roles, we will see them have even greater impact on the company's success in the future."
About Health Care Service Corporation
Health Care Service Corporation is the country's largest customer-owned health insurer, with more than 17 million members in its health plans in Illinois, Montana, New Mexico, Oklahoma and Texas. A Mutual Legal Reserve Company, HCSC is an independent licensee of the Blue Cross and Blue Shield Association.
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SOURCE Health Care Service Corporation
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https://www.wafb.com/prnewswire/2022/03/31/heritage-financial-announces-earnings-release-date-conference-call/
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OLYMPIA, Wash., March 31, 2022 /PRNewswire/ -- Heritage Financial Corporation ("Company" or "Heritage") (Nasdaq: HFWA) anticipates issuing its first quarter earnings release on Thursday, April 21, 2022 before the market opens. The Company has scheduled a telephone conference call to discuss the first quarter on Thursday, April 21, 2022 at 11:00 a.m. Pacific time (2:00 p.m. Eastern time).
To access the conference call, call the numbers listed below:
The conference call will be recorded and will be available following the live conference call for replay twenty-four hours a day ending April 28, 2022. Questions regarding the conference call may be directed to Kaylene Lahn at 360-943-1500.
About Heritage Financial
Heritage Financial Corporation is an Olympia-based bank holding company with Heritage Bank, a full-service commercial bank, as its sole wholly-owned banking subsidiary. Heritage Bank has a branching network of 49 banking offices in Washington and Oregon. Heritage Bank also does business under the Whidbey Island Bank name on Whidbey Island. Heritage's stock is traded on the NASDAQ Global Select Market under the symbol "HFWA". More information about Heritage Financial Corporation can be found on its website at www.hf-wa.com and more information about Heritage Bank can be found on its website at www.heritagebanknw.com.
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SOURCE Heritage Financial Corporation
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https://www.wafb.com/prnewswire/2022/03/31/hg-global-closes-new-150-million-credit-facility/
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HAMILTON, Bermuda, March 31, 2022 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that HG Global Ltd. ("HG") closed a new $150 million, 10-year term loan credit facility with Hudson Structured Capital Management Ltd, (conducting its re/insurance business as HSCM Bermuda) and Security Benefit Life Insurance Company. HG expects to receive the proceeds of the loan on or prior to May 31, 2022. A portion of the proceeds of the loan will be used to pay a $120 million dividend to White Mountains Insurance Group, Ltd. and the other equity holders of HG. The facility received an investment grade rating of BBB from Kroll Bond Rating Agency, LLC. The facility does not impact the reinsurance obligations of HG Re Ltd.
White Mountains is a Bermuda-domiciled financial services holding company traded on the New York Stock Exchange and the Bermuda Stock Exchange under the symbol WTM.
Hudson Structured Capital Management Ltd., conducting its re/insurance investment management business as HSCM Bermuda ("HSCM"), is an asset manager focused on alternative investments seeking mezzanine level returns. HSCM focuses on the Re/Insurance and Transportation sectors. HSCM launched in 2016, and as of January 1, 2022 had more than $3 billion in assets under management and committed capital. HSCM focuses on core economic sectors that are likely to outgrow global GDP, offer low correlations with broader markets, and are experiencing a shift from balance sheet to market financing. For more information, please visit www.hscm.com.
Security Benefit Corporation ("Security Benefit"), through its subsidiary Security Benefit Life Insurance Company (SBL), a Kansas-based insurance company that has been in business for 130 years, is a leader in the U.S. retirement market. Security Benefit together with its affiliates offers products in a full range of retirement markets and wealth segments for employers and individuals and reached $50.5 billion in assets under management as of September 30, 2021. Security Benefit, an Eldridge business, is one of the fastest growing U.S. retirement companies and continues its mission of helping Americans To and Through Retirement®. Learn more at www.securitybenefit.com or www.eldridge.com.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included or referenced in this release which address activities, events or developments which White Mountains expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements include statements with respect to the funding of, or receipt of proceeds from, a loan and HG's payment of a dividend from the proceeds of such loan.
These statements are based on certain assumptions and analyses made by White Mountains in light of current conditions and expected future developments, as well as other factors believed to be appropriate in the circumstances. However, whether actual developments will conform to its expectations is subject to risks and uncertainties that could cause actual results to differ materially from expectations, including actions taken by ratings agencies, such as financial strength or credit ratings downgrades or placing ratings on negative watch; the continued availability of capital and financing; deterioration of general economic; changes in domestic or foreign laws or regulations, or their interpretation, applicable to White Mountains or HG, its competitors or its customers; and other factors, most of which are beyond White Mountains's control.
Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements, and there can be no assurance that the developments anticipated by White Mountains will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, White Mountains or its business or operations. White Mountains assumes no obligation to publicly update any such forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Rob Seelig
(603) 640-2212
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SOURCE White Mountains Insurance Group, Ltd.
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https://www.wafb.com/prnewswire/2022/03/31/hycroft-mining-files-annual-report-form-10-k-year-ended-december-31-2021/
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WINNEMUCCA, Nev., March 31, 2022 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) ("Hycroft" or the "Company"), a development company operating the Hycroft Mine in the prolific mining region of Northern Nevada, filed its Form 10-K for the year ended December 31, 2021.
2021 Financial Highlights
- Production: As previously announced, gold production for the year ended December 31, 2021, of 57,668 ounces exceeded the high end of the guidance range as the process team continued to improve equipment, process control and costs. Silver production of 355,967 ounces was approximately 20% below guidance due to slower than planned leach kinetics. Processing of ore on leach pads is currently planned to proceed through the second quarter of 2022.
- Sales: Sales for the year ended December 31, 2021 were 56,045 ounces of gold (average realized price of $1,794 per ounce) and 397,546 ounces of silver (average realized price of $25.66 per ounce).
- Unrestricted Cash Position: The Company ended 2021 with $12.3 million of cash on hand and was in compliance with debt covenants
- Net Loss and Cash Used: Due to high operating costs relative to the associated gold equivalent production and sales volumes and ceasing of mining operations in November, 2021, the Company recorded a net loss of $88.6 million for the year ended December 31, 2022. Due to the losses from operations, the Company ceased mining activities and is now focused on completing its technical studies and exploration to develop the Hycroft mine through a milling and pressure oxidation process. The $44.0 million reduction in unrestricted cash since the beginning of the year was primarily due to cash used for operating activities of $37.0 million, cash used for investing activities of $6.9 million, cash used for financing activities of $5.5 million, and a $5.4 million reduction in restricted cash.
Subsequent Events:
- The Company completed several financing transactions to significantly strengthen its balance sheet, including:
- Nasdaq trading: With the recent improvement in the stock price, the Company has regained compliance with the Nasdaq minimum bid price for continued listing.
About Hycroft Mining Holding Corporation
Hycroft Mining Holding Corporation is a U.S.-based gold and silver development company that owns the Hycroft Mine, a well-established, world-class asset with a significant mineral endowment in Northern Nevada, a tier one mining jurisdiction. The company is focused on transforming Hycroft into a large-scale mining operation by developing a process for its large sulfide gold and silver mineral resources on site. Additional information is available at hycroftmining.com.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the Unites States Securities Exchange Act of 1934, as amended, or the Unites States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included herein and public statements by our officers or representatives, that address activities, events or developments that our management expects or anticipates will or may occur in the future, are forward-looking statements, including but not limited to such things as future business strategy, plans and goals, competitive strengths and expansion and growth of our business. The words "estimate", "plan", "anticipate", "expect", "intend", "believe" "target", "budget", "may", "can", "will", "would", "could", "should", "seeks", or "scheduled to" and similar words or expressions, or negatives of these terms or other variations of these terms or comparable language or any discussion of strategy or intention identify forward-looking statements. Forward-looking statements address activities, events or developments that the Company expects or anticipates will or may occur in the future and are based on current expectations and assumptions. These risks may include the following and the occurrence of one or more of the events or circumstances alone or in combination with other events or circumstances, may have a material adverse effect on the Company's business, cash flows, financial condition and results of operations. Please see our "Risk Factors" set forth in our Annual Report on Form 10-K for the year ended December 31, 2021, and other reports filed with the SEC for more information about these and other risks. You are cautioned against attributing undue certainty to forward-looking statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Although these forward-looking statements were based on assumptions that the Company believes are reasonable when made, you are cautioned that forward-looking statements are not guarantees of future performance and that actual results, performance or achievements may differ materially from those made in or suggested by the forward-looking statements contained in this news release. In addition, even if our results, performance, or achievements are consistent with the forward-looking statements contained in this news release, those results, performance or achievements may not be indicative of results, performance or achievements in subsequent periods. Given these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statements made in this news release speak only as of the date of those statements, and we undertake no obligation to update those statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments.
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SOURCE Hycroft Mining Holding Corporation
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https://www.wafb.com/prnewswire/2022/03/31/iacmi-names-dale-brosius-interim-ceo/
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KNOXVILLE, Tenn., March 31, 2022 /PRNewswire/ -- The Institute for Advanced Composites Manufacturing Innovation® (IACMI) today announced Dale Brosius has been appointed interim chief executive officer effective April 1, 2022. Brosius will lead IACMI as it identifies a permanent CEO to succeed Dr. John Hopkins, who is stepping down after leading the organization for more than four years. IACMI is one of 16 Manufacturing USA innovation institutes created to secure U.S. global leadership in advanced manufacturing through large scale public-private collaboration on technology, supply chain and workforce development.
"Dale has been a foundational part of IACMI since its origins and brings proven experience, expertise, and stability to the IACMI leadership role," said Dr. Stacey S. Patterson, president of the University of Tennessee Research Foundation (UTRF). UTRF is the sole corporate member of Collaborative Composite Solutions Corporation, the non-profit organization which operates IACMI. "From our inception, and even prior to his being named chief commercialization officer in February 2015, Dale has played a key role establishing IACMI, growing and serving our consortium membership, and ensuring success in meeting our Department of Energy objectives."
As interim CEO, Dale will become responsible for the full scale of day-to-day operations of the institute. He will also continue in his roles as Chief Commercialization Officer, Executive Director of the IACMI Consortium, and chair of the IACMI Consortium Council.
With more than 30 years of industrial experience in the composites industry, Brosius' career has included positions at U.S.-based firms Dow Chemical Co., Fiberite and successor Cytec Industries Inc. At Fiberite and Cytec, he led key activities related to high performance carbon fiber prepreg-based components for aerospace and industrial markets, and managed thermoset molding compound businesses in the U.S. and France. Prior to joining IACMI, he led the establishment of European and U.S. operations for Australian-based composites manufacturer Quickstep Technologies. Brosius has a BS in chemical engineering from Texas A&M University and an MBA from the University of Phoenix.
Since 2015, IACMI has managed over 50 collaborative and industry led technical projects with greater than $150 million in research and development value. More than 15 new products are now commercially available and $400 million-plus has been invested in a broad system of open access facilities for demonstration at scale in eight states. IACMI has engaged more than 9,000 people in composites training and STEM outreach and placed more than 100 university interns with industry collaboration.
Through collaboration with industry, academia, and national laboratories, IACMI projects have demonstrated faster cycle times and lower costs for composite materials and structures, decreased carbon intensity, and increased recyclability of composites.
About IACMI – The Composites Institute
IACMI – The Composites Institute is a 130-plus member community of industry, universities, national laboratories, and federal, state, and local government agencies working together to accelerate advanced composites design, manufacturing, technical innovation, and workforce solutions to enable a cleaner and more sustainable, more secure, and more competitive U.S. economy. IACMI is managed by the Collaborative Composite Solutions Corporation (CCS), a not-for-profit organization established by The University of Tennessee Research Foundation. A Manufacturing USA institute, IACMI is supported by the U.S. Department of Energy's Advanced Manufacturing Office, as well as key state and industry partners. Visit www.iacmi.org and follow IACMI on LinkedIn, Twitter and Facebook.
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https://www.wafb.com/prnewswire/2022/03/31/inspira-technologies-releases-q4-amp-fy2021-financial-results/
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RA'ANANA, Israel, March 31, 2022 /PRNewswire/ -- Inspira Technologies OXY B.H.N. Ltd. (Nasdaq: IINN) (Nasdaq: IINNW), has released its financial results for 2021 by posting an update on its Investor Relations website. Please click here to view the CEO update.
About Inspira Technologies OXY B.H.N. Ltd.
Inspira Technologies is an innovative medical device company in the respiratory care industry. Inspira is developing the ART system, a cost effective early extracorporeal respiratory support system with an intent to function as an "Artificial Lung" for deteriorating respiratory patients. The ART is designed to utilize a hemo-protective flow approach aimed to rebalance saturation levels while patients are awake and spontaneously breathing, potentially minimizing the patient's need for invasive mechanical ventilation. The Company's product has not yet been tested or used in humans and has not been approved by the U.S. Food and Drug Administration (FDA) or the CE or other required regulatory agencies.
Investor Relations Contact:
Miri Segal, MS-IR LLC
+917-607-8654
msegal@ms-ir.com, info@inspirao2.com
SOURCE Inspira Technologies
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Generating 23% revenue growth
Winning significant government contracts and commercial software subscriptions
Strengthening the balance sheet
DENVER, March 31, 2022 /PRNewswire/ - Intermap Technologies (TSX: IMP) (OTCQX: ITMSF) ("Intermap" or the "Company"), a global leader in geospatial intelligence solutions, today filed its audited annual financial statements for the year ended December 31, 2021, the annual management discussion and analysis for the corresponding period, related management certifications of annual filings and its annual information form. The documents are available on SEDAR at www.sedar.com.
Consolidated revenue for the year ended December 31, 2021 totaled $5.8 million, compared with $4.7 million for 2020, as the Company began to recover from the disruption related to the COVID-19 pandemic. During 2021, the Company announced several government contract awards, including:
- Won a contract to supply low latency foundation data to the National Geospatial-Intelligence Agency (NGA)
- Awarded a contract with the U.S. Air Force Research Laboratory (AFRL) to support GPS-denied navigation
- Selected to be on multiple teams for the U.S. Geological Survey (USGS) GPSC4 program
- Awarded a contract to map Borneo for the government of Malaysia's federal mapping agency and completed acquisition of project area
- Supported the Colombia National Mapping Program with high-resolution digital terrain models over challenging topography
During the fourth quarter of 2021, the Company commenced operations on a continuing strategic data infrastructure contract for the government of Malaysia. Following initial contracting delays during the third quarter of 2021, the program was further delayed after Intermap deployment by quarantine measures implemented by the government in response to the Omicron COVID-19 variant, which extended project milestones, revenue recognition, billings, and collections into 2022 that were originally planned and budgeted to occur in December 2021. As a result, many of the larger project costs, including purchased services, payroll, deployment and mobilization expenses occurred in November and December of 2021, well in advance of the associated milestones, billings, collections and revenue that were extended into 2022. These timing effects, which resulted from the government's response to COVID-19, caused a short-term reduction in the Company's 2021 operating cash flow in the fourth quarter of 2021. Nonetheless, Intermap reported a profitable quarter – its most profitable since 2019 – and its eighth consecutive quarter of improving operating income and adjusted EBITDA.
Software-based subscription revenue continues to grow year-over-year, at a rate of 11% during 2021. Some highlights include:
- Signed an InsitePro® subscription agreement with a top-5 insurance provider in the U.S.
- Signed a subscription agreement to integrate NEXTView™ aviation surface data with Wingcopter
- Agreed to collaborate with DronSystems to integrate NEXTView into its automated Unmanned Traffic Management platform (UTM)
- Signed a deal to integrate NEXTView data with Aviatize's IDRONECT UTM to support medical delivery project in Africa
- Expanded insurance products and services across Europe with Generali Group and Allianz Technology
- Partnered with Anchor Point to support wildfire underwriting
- Partnered with Ambiental Risk Analytics for climate change and natural hazard risk analytics
- Entered a strategic agreement with global telecom leader to support 5G expansion in India
- Won a contract with Garmin to provide terrain data for next-generation golf applications
- Won a contract with a Class-1 North American railway company for flood and fire risk management
- Won a contract with a leading European airline for NEXTView elevation data as a service
- Entered an agreement to provide orthorectification service to support airport infrastructure planning in South America
Through a series of carefully sized private placements, Intermap strengthened its balance sheet and working capital position. It recognized a $1 million gain on a minority investment held in a private geospatial software company that targets the commercial space and satellite sector. Intermap's investment has received bonafide acquisition proposals for cash consideration from several qualified purchasers that are publicly-traded.
Subsequent to the end of the year, at the request of vetted allied government personnel, Intermap mobilized the delivery of the world's best unclassified commercial elevation data to support ground operations for the Ministry of Defense in Ukraine.
"2021 was an important recovery year for Intermap as we fought through COVID's disruption, withstood continued delays, and delivered actionable geospatial intelligence to clients on time and under budget," said Patrick A. Blott, Intermap's Chairman and CEO. "As a result of that strong performance, we grew revenue, won multiple strategic contracts to fuel our future growth, positioned ourselves to monetize non-core financial assets, and extended our relationships with key government agencies, as well as leading commercial enterprises around the world."
Intermap Reader Advisory
Certain information provided in this news release, including projected financial information and statements in relation to the Company's opportunities for growth and pipeline constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast", "will be", "will consider", "intends" and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. Intermap's forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap's Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.
About Intermap Technologies
Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP; OTCQX: ITMSF) is a global leader in geospatial intelligence solutions. The Company's proprietary 3D NEXTMap® elevation datasets and value-added geospatial collection, processing, analytics, fusion and orthorectification software and solutions are utilized across a range of industries that rely on accurate, high-resolution elevation data. Intermap helps governments build authoritative geospatial datasets and provides solutions for base mapping, transportation, environmental monitoring, topographic mapping, disaster mitigation, smart city integration, public safety and defense. The Company's commercial applications include aviation and UAV flight planning, flood and wildfire insurance, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas and transportation. For more information, please visit www.intermap.com.
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https://www.wafb.com/prnewswire/2022/03/31/leadership-transition-one-largest-remaining-independent-b2b-agencies/
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BURR RIDGE, Ill., March 31, 2022 /PRNewswire/ -- Tony Riley, president of The Mx Group, has been named its new CEO, effective March 1, as founding partner and CEO Andy Mahler steps into the executive chairman role. The Mx Group's other founding partner, Peter Wroblewski, will serve as vice chairman.
"We are beyond excited to see this leadership transition fully executed," said Mahler. "Over the last three and a half years we've added additional talent to an already seasoned senior leadership and director level team and worked closely with team members to ensure great work, high performance and continuity."
In addition to being one of the largest independent B2B agencies in the country, The Mx Group is also one of the fastest growing. The agency has been in business for over 30 years, has five Fortune 500 clients on their roster, and a team of over 150 people they affectionally call Mx'ers. If you haven't heard of them, it could be because they are one hundred percent focused on B2B, a discipline within the advertising industry that doesn't get the attention that B2C does.
"Tony, Nate Ulery as COO, and the senior leadership team have effectively been running the business for the last 18 months," said Wroblewski. "It has been exciting to see how they are iterating our vision and making it better, which is evidenced by our continued revenue growth, expanded service offering and thriving culture."
"Our vision is B2B at scale," said Riley. "We believe that the large holding companies and agencies don't understand the complexities of B2B buying groups, sales cycles and purchase decisions — and honestly don't care to understand it. While there are large pure-play B2B agencies, they tend to focus on one aspect of the customer experience, digital for example. Our opportunity is to bring strategy, creative, digital and technology together under one roof at a scale global B2B marketers can leverage for their brands."
Mahler and Wroblewski will continue to serve as active board members, focusing their energy on acquisitions, the expansion of global partnerships and the ongoing mentorship of the executives and directors that form the leadership at Mx.
About The Mx Group
The Mx Group is an independent, integrated B2B marketing agency with a mission to impact the marketplace for companies that impact the world. For over 30 years, we've created meaningful end-to-end buying experiences for B2B brands. Our clients are leaders and innovators in energy, utilities, manufacturing, hospitality, automotive, health care, technology and SaaS who rely on our expertise to influence and grow their businesses. Our headquarters are in Chicago, but our reach is global. Whether a client is an established or startup B2B brand, we have the people and perspective to be a strong partner that makes a difference.
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https://www.wafb.com/prnewswire/2022/03/31/leith-grows-with-moore-county-opens-upgraded-expanded-honda-dealership-aberdeen/
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ABERDEEN, N.C., March 31, 2022 /PRNewswire/ -- The fast growth of Moore County, including Aberdeen, Pinehurst, and Southern Pines, caused a few growing pains for General Manager Scott Weaver and his team at Leith Honda Aberdeen, "The growth in Aberdeen is so great that we just outgrew our building. It was time." Last weekend, his team cut the ribbon and drove vehicles to their new, expanded facility adjacent to the original Leith Honda Aberdeen location on US 15-501.
The new building includes an expanded showroom giving customers a more relaxed environment to shop and explore the showcased inventory. Also, their waiting area has expanded for customers' comfort and includes business workstations for those who need to work while they wait.
Weaver and Service Manager Mark Posey are most excited about their new state-of-the-art service department. The new facility holds twice as many service bays as the former building, complete with new tire balancers, express bay lifts, and individual fluid and air filling stations.
"When we have to walk to the parts counter to get oil and washer fluid for our vehicles, it adds to the customer's wait time," said Posey. "Now we will have oil and washer fluid, water, light, and electrical reels right at our fingertips."
Even with a new building, the one thing that won't change is Leith's tradition to take the best care of their customers. Posey says that commitment is what has kept customers coming back for generations. "We've got people that we have retained since I've been here. I have worked on their mother's and grandmother's cars."
LeithCars.com is one of the largest automotive groups in North Carolina. A family business created in Raleigh, Leith Cars has been serving the Triangle community for over 50 years, incorporating over 1,900 North Carolinians into its family. The number one place to buy vehicles in the Raleigh metro area for five years running, according to a Marshall Marketing Survey, the auto dealer has 39 franchise locations throughout the state. For more information, visit www.leithcars.com.
Media Contact:
Lora Johnson
919-832-3232
lora.johnson@leithcars.com
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SOURCE LeithCars.com
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https://www.wafb.com/prnewswire/2022/03/31/lg-commits-150000-new-orleans-based-st-augustine-high-school/
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Establishes "LG Life's Good Endowed Scholarship Fund" and Contributes to Rebuild of Fire-Damaged Basketball Court and Other Technology Upgrades at the School
NEW ORLEANS, March 31, 2022 /PRNewswire/ -- As March Madness® and the Men's Final Four® reaches its crescendo in New Orleans, LG Electronics USA, an official NCAA® partner, announced today it has committed $150,000 in funding as well as product to St. Augustine High School, a New Orleans-based college preparatory school.
The pledge from LG will establish the "LG Life's Good Endowed Scholarship Fund" at the school as well as contribute to the rebuild of the school's flood and fire-damaged basketball court. LG is also supplying a range of products including LG OLED TVs for a new film room in its Health & Wellness Center, LG Washers & Dryers for a new laundry room and LG Air Purifiers for use throughout the school. The LG Life's Good Endowed Scholarship Fund, which will award its first recipient this year, is a need-based general award that all St. Augustine High School graduating seniors can apply for as long as they are going to attend an NCAA school.1
"As a proud partner of the NCAA, LG wanted to give back to the host city of the Men's Final Four and help inspire the next wave of student athletes in New Orleans," said Peggy Ang, Senior Vice President of Marketing at LG Electronics USA. "When our partners at the NCAA, Turner Sports and CBS Sports, brought to us the story of St. Augustine and the positive impact that school has in its community, we wanted to help them continue their tradition of inspiring students to succeed in the classroom and on the field of play."
"We are truly grateful for this inspiring commitment from LG," said Aulston Taylor, President & CEO at St. Augustine High School. "The St. Augustine community is thrilled that LG has decided to invest in the future of our students and our school. Our basketball court and Health & Wellness Center are a symbol of resiliency at St. Augustine, as it has emerged stronger after Hurricane Katrina, Hurricane Ida, and most recently a fire on Thanksgiving Day last year. With the help of friends like LG and many other supporters of our school, we are on the path to rebuilding our facility to its former glory. We will prevail!"
St. Augustine High School is an all-boys Catholic high school founded in 1951. Educating students primarily of predominantly African American backgrounds, the school serves as a training ground for leadership through academic excellence and moral values. It is also home to the world-renowned marching band, "Marching 100", which was the first high school band to march in the Rex Parade on Mardi Gras Day in 1967. The band has since played for eight U.S. Presidents, and performed at five Super Bowls, the Macy's Thanksgiving Day Parade in NYC, and the Tournament of Roses Parade in Pasadena, California. The band will perform at the halftime of this year's second Final Four game. To learn more about St. Augustine High School's fund raising efforts, please visit staugnola.org/lg
LG's commitment to St. Augustine High School arose as part of a three-year partnership with the NCAA, Turner Sports, and CBS Sports for category exclusive marketing and distribution rights to NCAA Championship competitions, including March Madness, that will expand the reach of college sports to legions of current fans and generations of new ones. LG's support of the NCAA Championships will include multiple initiatives to inspire fans and support student athletes including the recent launch of the NCAA Championships Channel (Channel 100), which will feature up to 50 NCAA Fall, Winter and Spring championships, both live and on-demand via LG's exclusive free streaming service, LG Channels. To learn more about LG's partnership with the NCAA visit LG.com/NCAA.
Editor's Note:
Video footage of the LG check presentation ceremony at St. Augustine High School available here.
Footnote:
1 LG will not be involved in selecting scholarship recipients. Selection of the scholarship recipients will be the sole responsibility St. Augustine High School. Eligibility for the scholarship is need-based and does not require participation in athletics as a prerequisite.
About LG Electronics USA
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $63 billion global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, energy solutions and vehicle components. LG is a seven-time ENERGY STAR® Partner of the Year. The company's commitment to environmental sustainability and its "Life's Good" marketing theme encompass how LG is dedicated to people's happiness by exceeding expectations today and tomorrow. www.LG.com.
About St. Augustine High School
St. Augustine High School is a college preparatory school for young men in grades 8-12 founded in 1951 by the Josephite priests and brothers. St. Augustine High School has built a legacy serving as the training ground for leadership through academic excellence, moral values, Christian responsibility, and reasonable, consistent discipline. In 71 years, it has graduated 9,200 men.
About the NCAA®
The NCAA is a diverse association of more than 1,000 member colleges and universities that prioritize academics, well-being and fairness to create greater opportunities for nearly half a million student-athletes each year. The NCAA provides a pathway to higher education and beyond for student-athletes pursuing academic goals and competing in NCAA sports. More than 54,000 student-athletes experience the pinnacle of intercollegiate athletics by competing in NCAA championships each year. Visit ncaa.org and ncaa.com for more details about the association and the corporate partnerships that support the NCAA and its student-athletes. NCAA, Men's Final Four, and March Madness are trademarks of the National Collegiate Athletic Association.
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https://www.wafb.com/prnewswire/2022/03/31/lion-electric-receives-purchase-order-30-school-buses-undisclosed-customer/
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MONTREAL, March 31, 2022 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that it has received a purchase order for 30 LionC school buses from an undisclosed Canadian customer. This represents the second order of Lion buses from the customer, which will be revealed at a later date.
The order of 30 new zero-emission school buses, to be delivered by March 31st, 2023, will eliminate more than 600 tonnes of greenhouse gas emissions while preventing students from exposure to hazardous particulate emissions from diesel engines.
Over the last decade, Lion has established itself as a leader in the zero-emission heavy-duty vehicle industry, having delivered over 550 all-electric heavy-duty vehicles in North America with over 14 million km driven since 2016.
Lion Electric is an innovative manufacturer of zero emission vehicles. We think, design and manufacture all-electric, class 5 to class 8 commercial urban trucks and all-electric buses and minibuses for the school, paratransit and mass transit segments. Lion is a North American leader in electric transportation and designs, builds and assembles many of its vehicles' components, including chassis, battery packs, truck cabins and bus bodies.
Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. We believe that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life. Lion shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV.
Lion Electric, the brilliant choice
Thelionelectric.com
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements contained in this press release that are not statements of historical fact, including statements about Lion's beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements may be identified by the use of words such as "believe," "may," "will," "continue," "anticipate," "intend," "expect," "should," "would," "could," "plan," "project," "potential," "seem," "seek," "future," "target" or other similar expressions and any other statements that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words.
The Company made a number of economic, market and operational assumptions in preparing and making certain forward-looking statements contained in this press release including, but not limited to, that Lion will be able to retain and hire key personnel and maintain relationships with customers, suppliers and other business partners, that Lion will continue to operate its business in the normal course, that Lion will be able to implement its growth strategy, that Lion will be able to successfully and timely complete the construction of its U.S. manufacturing facility and its Quebec battery plant and innovation centre, that Lion will not suffer any material disruption in the supply of raw materials on competitive terms, that Lion will be able to maintain its competitive position, that Lion will continue to improve its operational, financial and other internal controls and systems to manage its growth and size and that its results of operations and financial condition will not be adversely affected, that Lion will be able to benefit, either directly or indirectly (including through its clients), from government subsidies and economic incentives in the future and that Lion will be able to secure any required additional funding through equity or debt financing on terms acceptable to Lion. Such estimates and assumptions are made by Lion in light of the experience of management and their perception of historical trends, current conditions and expected future developments, as well as other factors believed to be appropriate and reasonable in the circumstances. However, there can be no assurance that such estimates and assumptions will prove to be correct.
By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Lion believes that these risks and uncertainties include, but are not limited to, the following: any adverse changes in the U.S. and Canadian general economic, business, market, financial, political and legal conditions, including as consequences of the global COVID-19 pandemic and the emergence of COVID-19 variants and varying rates of vaccination amongst various countries; Lion's inability to successfully and economically manufacture and distribute its vehicles at scale and meet its customers' business needs; Lion's reliance on key management and any inability to attract and/or retain key personnel; Lion's inability to execute its growth strategy; Any unfavourable fluctuations and volatility in the price of raw materials included in key components used to manufacture Lion's products; Lion's reliance on key suppliers and any inability to maintain an uninterrupted supply of raw materials; Lion's inability to maintain its competitive position; Lion's inability to reduce its costs of supply over time; any inability to maintain and enhance Lion's reputation and brand; any significant product repair and/or replacement due to product warranty claims or product recalls; any failure of information technology systems or any cybersecurity and data privacy breaches or incidents; the reduction, elimination or discriminatory application of government subsidies and economic incentives or the reduced need for such subsidies; natural disasters, epidemic or pandemic outbreaks, boycotts and geo-political events; the outcome of any legal proceedings that may be instituted against the Company from time to time.
These and other risks and uncertainties related to the businesses of Lion are described in greater detail in the section entitled "Risk Factors" not related to an investment in the Company's final prospectus dated May 5, 2021 (the "Canadian Prospectus") filed with the Autorité des marchés financiers (the "AMF") and the registration statement on Form F-1 (the "Registration Statement") filed with the Securities and Exchange Commission (the "SEC") and declared effective on June 14, 2021 and other documents publicly filed with the AMF and the SEC. Many of these risks are beyond Lion's management's ability to control or predict. All forward-looking statements attributable to Lion or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained, and risk factors identified, in the Canadian Prospectus, the Registration Statement and other documents filed with the AMF and the SEC.
Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under applicable securities laws, Lion undertakes no obligation, and expressly disclaims any duty, to update, revise or review any forward-looking information, whether as a result of new information, future events or otherwise.
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https://www.wafb.com/prnewswire/2022/03/31/locally-owned-company-helps-community-again/
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FRESNO, Calif., March 31, 2022 /PRNewswire/ -- Well Done Moving, Inc. once again shows its appreciation for its local community by offering a moving discount to first responders.
Well Done Moving created this initiative to express appreciation for our local First Responders by offering discounted moving services for the month of April. Sales Director, Lindsey Beasley states, "The success we've experienced is directly attributed to the amazing people of our community. As a family-owned, Fresno-based company, we are proud to be able to give back to a community that has entrusted us with their valuables for over a decade".
First Responders can take advantage of this opportunity within the Fresno, Madera, Kings, and Tulare counties.
Well Done Moving strives to actively give back to the local community by creating and participating in philanthropic events such as Moving Neighbors in need, Assisting Creek Fire evacuees, and supporting Habitat for Humanity by moving residents into their new homes.
For more information regarding the First Responder discount, please visit our website.
About Well Done Moving:
WDM is committed to creating a culture where employees are appreciated and an extension of its family. The company offers competitive pay and starts its team members off above minimum wage. In addition, it offers PTO/sick time, and team members have the opportunity to earn up to five weeks of vacation. These policies and commitment to the community set Well Done Moving apart in the moving industry and helped it grow into one of Fresno's most trusted local companies.
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https://www.wafb.com/prnewswire/2022/03/31/massage-envy-celebrates-national-award-winners/
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SCOTTSDALE, Ariz., March 31, 2022 /PRNewswire/ -- Massage Envy, the nation's No. 1 provider of massage in the U.S. collectively across its franchise network, today announced the winners of its annual gala awards program.
"Each year our great brand recognizes the incredible achievements of the most outstanding franchisee and franchised location employees," said Beth Stiller, Massage Envy Franchising CEO. "It's very difficult to choose the best of the best from franchised locations because the stories of the impact they have on their members and their communities is all so inspiring. All of the nominees and the winners personify our brand purpose of helping people feel their best, and I am so proud of every one of them."
The following awards were presented for the 2021 calendar year:
- National Franchisee of the Year: Mark Preetorius, Atlanta, Ga. Preetorius, who owns four franchised locations in Georgia, was recognized as an exemplary franchisee who personifies the brand's core values of optimism, gratitude, excellence, consistency, and empathy, and motivates others to adopt those same values. According to an employee who works at one of Preetorius' franchised locations, "Our franchisee's dedication to the ideas of committed teamwork and community outreach have allowed our clinics and the staff to operate with the assurance that they are guided by an individual who sees that the big picture is painted with many different strokes, and no single artist creates a collective masterpiece." With over 7 years as a Massage Envy franchisee, we are thrilled to celebrate Mark's contributions to the brand and his community.
- National Manager of the Year: Dustin Schneider, Charleston, SC. Schneider, who works at the West Ashley franchised location in Charleston, owned by Caitlin Daly, was recognized as the most outstanding franchised location manager because he inspires the best in others and achieves business excellence in the pursuit of helping people feel their best. "Dustin shows up and proves he is a true leader ready to face whatever challenges come his way," Daly said. "He is adaptable, open to change and improvement, continuously optimistic, and consistently leads the team with excellence."
- National Therapist of the Year: Jing Shi, Mountain View, Ca. Shi, who works at the Mountain View franchised location, owned by Linda Wenge, was recognized as the Massage Therapist who best personifies a commitment to helping members and guests through the power of massage and assisted stretch. Wenge had this to say about Shi, " "Jing stands out as the most productive, the most requested, the most pre-booked massage therapist among all the therapists that I have encountered."
- National Esthetician of the Year: Elizabeth Knapik, Henderson, Nev. Knapik, who works at the Lake Meade Crossing franchised location, owned by Marissa and Mario Hawkins, was recognized as the esthetician who best exemplifies the Massage Envy brand's commitment to helping members and guests with their skin care journey. "Excellence is the culmination of a thousand consistent steps. In the past six years with the brand, this outstanding esthetician has made incredible strides," Marissa Hawkins said."
- National Sales Associate of The Year: Shawn Remfry, Kansas City, Mo. Remfry, who works at the Tom Watson Parkway franchised location, owned by Les Snyder, was recognized as the extraordinary Sales Associate who develops connections with clients, guides their membership, and delivers on the brand promise of helping people feel their best. According to Snyder, when asked to describe the winner in one word, customers had this to say, "Awesome," "Sweet," "Caring," "Helpful."
This year's awards gala, held March 23 in Oxon Hill, Md., just across the Potomac River from the nation's capital, was sponsored by Jan Marini Skin Research, and PCA Skin. "We deeply appreciate our sponsors for their support of this wonderful event as well as their dedication to this great brand throughout the year," said Stiller.
For more information about Massage Envy, please visit www.massageenvy.com
About Massage Envy
Massage Envy, based in Scottsdale, Arizona, is a national franchisor and does not independently own or operate any of the Massage Envy franchised locations nationwide. The Massage Envy franchise network, through its franchise locations, is the leading provider of therapeutic massage services. Founded in 2002, Massage Envy has more than 1,100 franchise locations in 49 states that have together delivered more than 190 million massages and facials. For more information, visit www.massageenvy.com, or follow us on Instagram, Twitter, and Facebook at @MassageEnvy.
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https://www.wafb.com/prnewswire/2022/03/31/mcloud-host-fourth-quarter-year-end-2021-financial-results-conference-call-1000am-edt-april-4-2022/
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CALGARY, AB, March 31, 2022 /PRNewswire/ - mCloud Technologies Corp. (NASDAQ: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a leading provider of AI-powered asset management and Environmental, Social, and Governance ("ESG") solutions, today announced it will host a conference call to discuss the financial results for the year-end and fourth quarter of 2021 and its outlook on 2022 at 10:00am EDT on April 4, 2022.
The conference call will include prepared remarks from Russ McMeekin, Chief Executive Officer, and Chantal Schutz, Chief Financial Officer. After the prepared remarks, the Company will accept questions.
This date and time follows from the Company's release on March 30 it would add a discussion of its recent partnership with Carbon Royalty Corp and Middle East strategic financing alternatives to prepared remarks.
To access the conference call by telephone, dial 416-764-8659 or 1-888-664-6392 with the confirmation number 74107253. Please connect approximately 10 minutes prior to the beginning of the call to ensure participation. The conference call will be archived for replay by telephone until April 11, 2022 at midnight (ET). To access the archived conference call, dial 1-888-390-0541 and enter the reservation number 107253.
A live audio webcast of the conference call will be available at https://bit.ly/3NvJvZs. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast. The webcast will be archived at the above website for one year.
About mCloud Technologies Corp.
mCloud is unlocking the untapped potential of energy intensive assets with AI and analytics, curbing energy waste, maximizing energy production, and getting the most out of critical energy infrastructure. Through mCloud's AI-powered AssetCare™ platform, mCloud offers complete asset management solutions for commercial buildings, renewable energy, healthcare, heavy industry, and connected workers. IoT sensors bring data from connected assets into the cloud, where AI and analytics are applied to maximize their performance.
With a worldwide presence and offices in San Francisco, Vancouver, Calgary, London, Perth, Singapore, and Beijing, the mCloud family includes an ecosystem of operating subsidiaries that deliver high-performance IoT, AI, 3D, and mobile capabilities to customers, all integrated into AssetCare. With over 100 blue-chip customers and more than 63,000 assets connected in thousands of locations worldwide, mCloud is changing the way energy assets are managed.
mCloud's common shares trade in the United States on the Nasdaq and in Canada on the TSX Venture Exchange under the symbol MCLD. mCloud's convertible debentures trade on the TSX Venture Exchange under the symbol MCLD.DB. For more information, visit www.mcloudcorp.com.
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https://www.wafb.com/prnewswire/2022/03/31/medipharm-labs-reports-fourth-quarter-full-year-2021-results/
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TORONTO, March 31, 2022 /PRNewswire/ - MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE: MLZ) ("MediPharm", "MediPharm Labs" or the "Company") a pharmaceutical company specialized in precision-based cannabinoids, today announced its financial results for the three and twelve months ended December 31, 2021.
- International sales more than doubled in 2021, to $9.5 million (44% of Revenue), driven by shipments to seven customers in Germany, including the completion of first shipments to STADA Arzneimittel AG, a leading European Consumer Healthcare and Generics company with a product presence in 120 countries.
- Germany will continue to be a priority market for MediPharm. It is already the largest medical market in the world, and is expected to reach a market value of €7.7 billion by 2028i.
- The Company significantly expanded its sales force, which led to new listings in all provinces including the Ontario Cannabis Store, AGLC, BCLG and entry into Québec and New Brunswick.
- The Company's provincial sales grew 18% during 2021, to $7.4 million, primarily driven by sales of new and innovative products. Q4 provincial sales grew to $2.8 million in Q4 from $1.2 million in Q3.
- In Canada, the Company launched new products including CBD 100 Ultra Formula Oil, THC30 Plus Formula Oil, CBN1:2 Nighttime Formula, 1:2 Relax Formula Oil, and a Northbound High CBN and High CBD vape cartridge.
- In Q4, MediPharm's cannabigerol ("CBG"), product was accepted for sale by provincial distributors, with initial deliveries planned for Q1 2022.
- Subsequent to the end of the year, the Company announced the acquisition of Shelter Cannabis, adding highly reputable, specialty dried flower and pre-roll products to its portfolio. This transaction fills a gap in the MediPharm Canadian product offering while leveraging existing infrastructure and overhead, and opens the opportunity to expand its current international flower business.
- MediPharm began to sell EU GMP certified dried flower in the international market during 2021, and it accounted for $3.5 million in revenue.
- Received a Cannabis Drug Licence and a Good Manufacturing Practices ("GMP") Drug Establishment Licence from Health Canada.
- Entered into a research partnership master agreement with McMaster University to develop drugs containing cannabis candidates, and began to provide clinical trial material.
- Began to ship Active Pharmaceutical Ingredients ("APIs"), to two well-known pharmaceutical companies during the year, generating early revenue in a business that is expected to grow significantly over the next several years.
- Subsequent to the end of the fiscal year, the Company entered the U.S. pharmaceutical market with the submission of an FDA Drug Master File ("DMF") for pure natural CBD APIs.
- Completed the payment of all outstanding convertible debt. The Company is materially debt free and has outright ownership of its assets, including two GMP facilities; one in Ontario, Canada and the other in Victoria, Australia.
Bryan Howcroft, CEO, MediPharm Labs commented, "MediPharm achieved several key strategic objectives during 2021. Our team opened key new markets both domestically and internationally, while increasing sales and marketing efforts to execute on these opportunities. Innovation is part of the Company's DNA, and the launch of new products through the year resulted in both growth in domestic sales into year-end, as well as a win for the Company's CBD dominant oil line at the 2021 Kind Awards, where it was named CBD Brand of the Year. When I joined MediPharm at the end of 2021, I saw a company with a solid foundation, positioned to be one of very few winners in the international cannabinoid pharma space. The team's progress against this objective during the year, culminating in the recent filing of a DMF with the U.S. FDA, reinforces that this company has the sophistication it needs to become an important supplier as this opportunity continues to develop."
Greg Hunter, CFO, MediPharm Labs added, "MediPharm is on solid financial footing, having exited the year with $34 million in cash, no debt and outright ownership of its key facilities. In Q4 we generated sequential growth in key focus areas such as domestic white label sales, and sales into the German market. We expect to continue building on this progress through 2022, leveraging recent investments in sales and marketing resources in the Canadian market, and the growth of the German and EU markets, overall. Over the next 12 months, we will continue to advance the Company's core focus on building a leading global precision-based cannabinoid business, while balancing that longer term focus with a commitment to innovation, revenue growth and progressing toward profitability."
Warren Everitt and MediPharm Labs have mutually agreed to end the role of CEO Asia Pacific, a position held by Warren. MediPharm Labs would like to thank Warren for his significant contribution to the business over the past 5 years and wishes him all the best in his future endeavours.
MediPharm will host a conference call and webcast to discuss the Company's financial results and outlook.
Date: April 1, 2022 | Time: 8:30 a.m. ET
Conference ID: 4921762
Participant Dial-in: +1 (888) 330-2454 / International number: +1 (236) 789-2714
(Participants are asked to dial in approximately 15 minutes before the start of the call)
An audio webcast will be available in the Events section of the MediPharm website https://www.medipharmlabs.com/investors or by visiting the following link here.
For those who are unable to participate on the live conference call or webcast, a replay will be available approximately one hour after completion of the call.
Adjusted EBITDA and adjusted Gross Profit are not recognized performance measures under IFRS, do not have a standardized meaning and therefore may not be comparable to similar measures presented by other issuers. Adjusted EBITDA and adjusted Gross Profit are included as a supplemental disclosure because Management believes that such measurement provides a better assessment of the Company's operations on a continuing basis by eliminating certain non-cash charges and charges or gains that are non-recurring. Adjusted EBITDA is defined as net loss excluding interest, taxes, depreciation and amortization expense, interest income and expense, finance fees, gain in revaluation of derivative liabilities, taxes, impairment losses on inventory, write down of deposits and share-based compensation. Adjusted EBITDA has limitations as an analytical tool as it does not include depreciation and amortization expense, interest income and expense, taxes, share-based compensation, and transaction fees. Because of these limitations, Adjusted EBITDA should not be considered as the sole measure of the Company's performance and should not be considered in isolation from, or as a substitute for, analysis of the Company's results as reported under IFRS. The most directly comparable measure to Adjusted EBITDA calculated in accordance with IFRS is operating income (loss). The above is a reconciliation of the Company's operating loss to Adjusted EBITDA. See "Reconciliation of non-IFRS measures" in the Company's Management's Discussion and Analysis for the period ended December 31, 2021 for additional information. Adjusted gross profit is defined as gross profit/(loss) excluding the adjustments for accelerated depreciation, write down of non-current deposits and write down of inventory. Adjusted gross profit is a useful measure as it represents gross profit for management purposes based on costs to manufacture, package and ship inventory sold, exclusive of any impairments due to changes in internal or external influences.
Founded in 2015, MediPharm Labs specializes in the development and manufacture of purified, pharmaceutical-quality cannabis concentrates, active pharmaceutical ingredients (API) and advanced derivative products utilizing a Good Manufacturing Practices certified facility with ISO standard-built clean rooms. MediPharm Labs has invested in an expert, research driven team, state-of-the-art technology, downstream purification methodologies and purpose-built facilities with five primary extraction lines for delivery of pure, trusted and precision-dosed cannabis products for its customers. Through its wholesale and white label platforms, MediPharm Labs formulates, develops (including through sensory testing), processes, packages and distributes cannabis extracts and advanced cannabinoid-based products to domestic and international markets.
In 2021, MediPharm Labs received a Pharmaceutical Drug Establishment Licence from Health Canada, becoming the only company in North America to hold a domestic Good Manufacturing Licence for the extraction of natural cannabinoids. The Company carries out its operations in compliance with all applicable laws in the countries in which it operates.
Cautionary Note Regarding Forward-Looking Information:
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things, statements regarding: growth and forecasts regarding the German market; the opportunity to expand current international flower business; significant growth of API business; being one of very few winners in the international cannabinoid pharma space; becoming an important supplier as this in the cannabinoid pharma space; the cannabinoid pharma opportunity continuing to develop; building on progress through 2022; leveraging recent investments in sales and marketing resources in the Canadian market; growth of the German and EU markets; advancing the Company's core focus on building a leading global precision-based cannabinoid business; innovation; revenue growth; and progressing toward profitability. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; the inability of MediPharm to obtain adequate financing; the delay or failure to receive regulatory approvals; and other factors discussed in MediPharm's filings, available on the SEDAR website at www.sedar.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, MediPharm assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.
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https://www.wafb.com/prnewswire/2022/03/31/mitre-engenuity-attampck-evaluations-highlights-uptycs-ransomware-detection-capabilities/
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Fourth round of Evaluations focus on top ransomware and wiper malware groups, including Russian cyber military unit
WALTHAM, Mass., March 31, 2022 /PRNewswire/ -- Uptycs, provider of the first cloud-native security analytics platform enabling cloud and endpoint security from a common solution, today announced the results of its completed MITRE Engenuity ATT&CK® Enterprise Evaluation, Round 4. This round of independent ATT&CK Evaluations for enterprise cybersecurity solutions emulated the Wizard Spider and Sandworm threat groups. Wizard Spider is responsible for the infamous Ryuk ransomware family, and Sandworm is a Russian cyber military unit behind the 2017 NotPetya attacks.
"Ransomware is a growing scourge for all types of organizations and the focus of these MITRE Engenuity ATT&CK Evaluations could not come at a more appropriate time," said Ganesh Pai, Co-founder and CEO at Uptycs. "Security teams can use these evaluation results to identify gaps in their detection coverage. Our strong performance in both the Windows and Linux portions of the evaluation demonstrate how Uptycs helps these Security teams to detect even advanced ransomware actors, in addition to the hardening needed to minimize the risk of ransomware in the first place."
The MITRE Engenuity evaluations team chose to emulate two threat groups that abuse the Data Encrypted For Impact (T1486) technique. In Wizard Spider's case, they have leveraged data encryption for ransomware, including the widely known Ryuk malware (S0446). Sandworm, on the other hand, leveraged encryption for the destruction of data, perhaps most notably with their NotPetya malware (S0368) that disguised itself as ransomware. While the common thread to this year's evaluations is "Data Encrypted for Impact," both groups have substantial reporting on a broad range of post-exploitation tradecraft.
New advanced detection capabilities helped Uptycs perform strongly in the Wizard Spider and Sandworm evaluation, including:
- Ransomware detection - Uptycs provides generic detection and protection against ransomware attacks on Windows operating systems. The capability analyzes telemetry inside the endpoint agent so it can protect against the attacks in offline mode.
- Process code injection / DLL injection and process hollowing - Uptycs provides generic detection to process code injection and process hollowing on both Windows and Linux endpoints. Process code injection is a technique used by attackers to inject malicious code inside a trusted running process to evade detection.
- Master boot record (MBR) overwrite - Uptycs provides generic detection of MBR overwrite on Windows-based endpoints. MBR overwrite is a technique used by adversaries where the goal is to disrupt operations and make the system unusable.
- Lsass.exe memory credential dumping - To detect attacker attempts to steal credentials, Uptycs provides generic detection of lsass.exe (Local Security Authority Subsystem Service) memory credential dumping on Windows-based endpoints.
For full results and more information about the evaluations, please visit: https://attackevals.mitre-engenuity.org/enterprise/wizard-spider-and-sandworm/.
Sign up for our Uptycs Live webinar to learn more about our participation in the MITRE ATT&CK Evaluations and how our solution protects against ransomware.
About MITRE Engenuity
MITRE Engenuity, a subsidiary of MITRE, is a tech foundation for the public good. MITRE's mission-driven teams are dedicated to solving problems for a safer world. Through our public-private partnerships and federally funded R&D centers, we work across government and in partnership with industry to tackle challenges to the safety, stability, and well-being of our nation.
MITRE Engenuity brings MITRE's deep technical know-how and systems thinking to the private sector to solve complex challenges that government alone cannot solve. MITRE Engenuity catalyzes the collective R&D strength of the broader U.S. federal government, academia, and private sector to tackle national and global challenges, such as protecting critical infrastructure, creating a resilient semiconductor ecosystem, building a genomics center for public good, accelerating use case innovation in 5G, and democratizing threat-informed cyber defense.
About Uptycs
Uptycs provides the first unified, cloud-native security analytics platform that enables both cloud and endpoint security from a common solution. The solution provides a unique telemetry-powered approach to address multiple use cases—including Extended Detection & Response (XDR), Cloud Workload Protection (CWPP), and Cloud Security Posture Management (CSPM). Uptycs enables security professionals to quickly prioritize, investigate, and respond to potential threats across a company's entire attack surface.
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https://www.wafb.com/prnewswire/2022/03/31/mohr-capital-sells-65-million-deals-past-80-days/
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Deals combine to more than 292,000 square feet of medical industrial and office space, including the Crothall Healthcare industrial building in Gilroy, California
GILROY, Calif., March 31, 2022 /PRNewswire/ -- Mohr Capital, a Dallas-based privately held real estate investment firm, sold $65 million of deals over the past 80 days. This includes the recent sale of a 102,466-square-foot industrial building in Gilroy, California, to Four Springs Capital Trust. Mohr Capital sold two additional office buildings in Florida and Wisconsin, totaling more than 292,000 square feet of space, leading into 2022.
Located at 8190 Murray Ave., the property is fully leased to Crothall Healthcare. This mission-critical facility provides state-of-the-art laundry processing services to Northern California hospital systems, enabling them to continue providing medical care to patients. Kevin Moul with Colliers San Jose represented Mohr Capital throughout the transaction.
"We are pleased to have worked closely with Four Springs Capital Trust on this transaction. As our third transaction with Four Springs over the last 12 months, this transaction speaks to our deep partnership with Four Springs that we hope continues," said Rodrigo Godoi, managing director of investments for Mohr Capital. "Mission-critical facilities that serve regional hospitals like this still provide value in a market where occupiers and investors are redeveloping dysfunctional R&D product to suit their needs. We're pleased with the performance of this property, and we hope to continue to invest in the Bay Area's bustling industrial market in the future."
Additionally, Mohr sold a two-story, 78,449-square-foot office building in Orlando's Lee Vista Center business park to Falcon Global Real Estate Advisors. Located at 6272 Lee Vista Blvd., the building is fully leased to Accredo Health Group Inc., an Express Scripts company and subsidiary of the global health service company, Cigna. Prior to the sale, Mohr Capital worked with CBRE and CIGNA to secure CIGNA's long-term occupancy while at the same time lowering its occupancy costs.
Mohr also sold Riverwood Corporate Center II in Pewaukee, Wisconsin, in an off-market transaction to IRA Capital. The office building is fully occupied by ProHealth Care, the largest healthcare provider between Milwaukee and Madison. Shortly after acquiring the building, Mohr Capital worked closely with ProHealth to secure its long-term occupancy at the property through 2032.
"These three transactions support our trajectory to be a leading investor in mission-critical industrial and office facilities for the healthcare field," said Bob Mohr, founder and CEO of Mohr Capital. "We are always on the lookout for cutting-edge investment opportunities, and these sales were a great start to 2022."
About Mohr Capital
Mohr Capital is a privately held real estate investment firm specializing in the acquisition, development and value enhancement of office, industrial and retail assets throughout the U.S. The Mohr Capital team has decades of experience in commercial real estate and has completed more than $1 billion in transactions. Guided by a value-driven strategy and an entrepreneurial spirit, the company relies on strong long-term relationships and possesses keen market insights needed to capitalize on undervalued or underperforming properties. With its family office structure, Mohr Capital can close quickly and has a proven track record of delivering the highest risk-adjusted returns. For more information, visit www.mohrcap.com or follow Mohr Capital on LinkedIn.
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https://www.wafb.com/prnewswire/2022/03/31/naic-executive-committee-appoints-beth-dwyer-financial-stability-oversight-council/
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Superintendent Dwyer to represent state insurance regulators nationally
WASHINGTON, March 31, 2022 /PRNewswire/ -- The Executive Committee of the National Association of Insurance Commissioners (NAIC) has appointed Beth Dwyer, Superintendent of Banking and Insurance for Rhode Island's Department of Business Regulation, to serve as NAIC members' representative on the Financial Stability Oversight Council (FSOC). She will succeed recently retired Maine Bureau of Insurance Superintendent Eric Cioppa and will provide the Council with critical expertise and the perspective of state insurance regulators.
"Ensuring financial stability nationwide requires trust, clear communication, and close collaboration between the states and the federal government. Superintendent Dwyer has a proven track record, thorough knowledge of the regulatory landscape, and a tireless commitment to protecting consumers and markets, making her a great choice to help FSOC fulfill its mission," said NAIC President and Director of the Idaho Department of Insurance Dean L. Cameron.
Since taking office in January 2016, Superintendent Dwyer has served in several leadership capacities with the NAIC and is currently the vice chair of the Financial Condition (E) Committee, co-vice chair of the Climate and Resiliency (EX) Task Force, and secretary/treasurer of the National Insurance Producer Registry (NIPR) Board of Directors.
FSOC was created by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. The Council comprises ten voting members and five non-voting members and monitors the safety and stability of the nation's financial system, identifies risks to the system, and coordinates responses.
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https://www.wafb.com/prnewswire/2022/03/31/new-california-rebate-enables-valley-air-conditioning-amp-repair-help-community-save-7000-ac-systems/
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FRESNO, Calif., March 31, 2022 /PRNewswire/ -- The State of California recently launched its TECH Clean California initiative which is a $120 million program funded by California gas corporations to implement low emissions space and water heating units for single and multifamily homes.
For some homeowners considering a new air conditioning system, this California rebate can save them up to $7,000. Unlike solar incentives that require the homeowner to apply for the incentive with the State of California after the system is installed, the homeowner realizes the savings upfront with the TECH Clean California Initiative. The HVAC company that installs the system is then required to apply for reimbursement with the State.
To qualify, an electric heating and cooling unit must be installed by an approved HVAC company. Simon DeLaCerda, General Manager of Valley Air Conditioning and Repair has been installing these systems upon the launch and states, "I am pleased to offer the opportunity, we've seen incredible savings for homeowners and urge other homeowners to take advantage of this amazing deal".
The Switch Is On, is an educational campaign that has been launched to promote the TECH initiative and the benefits of home electrification. Learn more about the campaign through their site.
About Valley Air Conditioning
Valley Air Conditioning has over 52 years of experience in commercial and residential heating and air conditioning services in Fresno and the surrounding areas. They have been able to set themselves apart by continuing to build upon the foundation Tobbie Hopper set when he first started business in 1970 as a one-man shop. Valley Air Conditioning & Repair, Inc's goals have remained the same; to earn the trust of our customers by offering expert advice, quality services based on honorable intentions, never rushing to meet sales goals or quotas. It's one simple philosophy but many things have set Valley Air Repair apart over the years. For more information, visit https://valleyairrepair.com/
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https://www.wafb.com/prnewswire/2022/03/31/new-episode-1600-sessions-podcast-next-generation-what-white-house-means-me/
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Association Announces Next-Gen Leaders
WASHINGTON, March 31, 2022 /PRNewswire/ -- The White House Association released a new episode of the 1600 Sessions podcast today, "The Next Generation: What the White House Means to Me," to announce its inaugural program, Next-Gen, a group of more than fifty influential young professionals from a wide variety of fields, bound together by a passion for history, civics, and education.
The Next-Gen Leaders include presidential descendants, members of Forbes' 30 Under 30, CEOs, military officers, a White House correspondent, a former Miss America, and several other individuals held in high esteem in their respective fields. Members will take part in a year-long cohort and attend Association events, in-person and virtual programming, and quarterly meetings.
In this podcast episode, White House Historical Association President and podcast host Stewart McLaurin speaks with eight of the Association's new Next-Gen Leaders.
Next-Gen Leaders were chosen either by recommendation or by research, vetted according to demonstrated dedication to education, history, and civics, accomplishments within their field, social media presence, and embracing the Association's nonpartisan mission.
The 1600 Sessions is available on iTunes, Google Play, Spotify, and Stitcher.
To watch or listen to the full episode, visit The1600sessions.org.
For more information, please contact press@whha.org.
Visit whitehousehistory.org to learn about the current Next-Gen group.
About The 1600 Sessions
In this podcast series, White House Historical Association President Stewart McLaurin interviews luminaries, historians, and eyewitnesses to history about America's most famous residence and office—the White House. Each episode includes a prominent guest or guests to discuss varying facets of White House history, including insights from former staff and many other topical issues.
About The White House Historical Association
First Lady Jacqueline Kennedy envisioned a restored White House that conveyed a sense of history through its decorative and fine arts. In 1961, the White House Historical Association was established to support her vision to preserve and share the Executive Mansion's legacy for generations to come. Supported entirely by private resources, the Association's mission is to assist in the preservation of the state and public rooms, fund acquisitions for the White House permanent collection, and educate the public on the history of the White House. Since its founding, the White House Historical Association has contributed more than $50 million in fulfillment of its mission. To learn more about the White House Historical Association, please visit www.whitehousehistory.org.
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SOURCE White House Historical Association
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https://www.wafb.com/prnewswire/2022/03/31/olympus-joins-cool-kids-with-acquisition-omega/
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STAMFORD, Conn., March 31, 2022 /PRNewswire/ -- Stamford, CT based private equity firm Olympus Partners has acquired Omega Environmental Technologies ("Omega"), the market leading aftermarket distributor of climate control products and other mission-critical components across the light and heavy-duty automotive sectors, from AEA Investors, which will remain a minority equity investor and retain a board position in the Company. Omega serves thousands of customers globally across the wholesale distribution, OE service, and automotive retail channels. The Company is headquartered in Irving, Texas and has over 20 distribution centers across the United States and Canada.
"The replacement air conditioning market is very attractive, with steadily growing demand and high barriers to entry due to the technical nature and SKU intensity of the product. Omega is the leader in this category with a portfolio of powerful brands and complete end market coverage. We look forward to working with Peter, Randy, and the rest of the management team to continue grow the Company," said Jason Miller, Partner at Olympus.
Peter Butterfield, Chairman of Omega, added, "I would like to thank AEA for their support over the past few years and look forward to partnering with the Olympus team. I have never been more excited about the prospects of the Company."
Founded in 1988, Olympus Partners is a private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus is an active, long-term investor across a broad range of industries including business services, consumer products, healthcare services, financial services, industrial services, and manufacturing. Olympus manages in excess of $8.5 billion mainly on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs.
The Olympus team included Jason Miller, Matt Bujor, and Alex Pollera. Olympus was represented by Ben Clinger, Adam Wexner, and Kat Murphy from Kirkland & Ellis LLP. Antares Capital LP led debt financing for the transaction.
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors and/or join its portfolio company boards or act in other advisory roles. Today, AEA's approximately 100 investment professionals operate globally with offices in New York, Stamford, San Francisco, London, Munich and Shanghai. The firm manages funds that have over $14 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies, growth capital and mezzanine and senior debt investments. AEA Small Business is a strategy within AEA that currently manages $1.9 billion of invested and committed capital. The team seeks to help grow and transform companies at the lower end of the middle market by sponsoring growing companies with proven management teams and superior business models.
Olympus Partners is a private equity firm focused on providing equity capital for middle market management buyouts and for growing companies. Olympus manages in excess of $8.5 billion mainly on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs. Founded in 1988, Olympus is an active, long-term investor across a broad range of industries including business services, food services, consumer products, healthcare services, financial services, industrial services and manufacturing.
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SOURCE Olympus Partners
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https://www.wafb.com/prnewswire/2022/03/31/pointsbet-increases-internal-responsible-gambling-education-initiatives-during-problem-gambling-awareness-month/
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Customer-facing departments participated in expert-led educational sessions, underscoring commitment to promoting responsible gambling habits
DENVER, March 31, 2022 /PRNewswire/ -- For the third year in a row, PointsBet and its employees participated in Problem Gambling Awareness Month, a national campaign designed to increase awareness of problem gambling and offer prevention, treatment, and recovery services.
In the spirit of this year's theme, Awareness + Action, PointsBet hosted educational sessions for all its customer-facing departments. The trainings were designed to generate awareness of problem gambling and empower staff with clear strategies on how to identify and address problem gambling. Sessions were led in consultation with department heads to ensure staff would have a clear understanding of how their roles uniquely position them to recognize problem gambling red flags through a path of escalation regarding observed red flags.
"Responsible and problem gambling education for our staff is far more than just fulfilling a regulatory requirement," said Johnny Aitken, PointsBet USA Chief Executive Officer. "It is about sparking genuine dialogue and empowering our teams to discuss responsible gambling with our customers. We are proud to participate in Problem Gambling Awareness Month for the third consecutive year and look forward to our continued support of this important initiative in the years to come."
This month's trainings were part of an ongoing responsible gambling education plan, which includes an introductory level training for all new hires as part of the onboarding process, lived experience training, and responsible gambling presentations delivered during company-wide town hall meetings.
About PointsBet
PointsBet is a corporate bookmaker listed on the Australian Stock Exchange with operations in Australia, the United States, Canada and Ireland. PointsBet has developed a scalable cloud-based wagering platform through which it offers its clients innovative sports and racing wagering products, advance deposit wagering on racing (ADW) and iGaming.
Media Contact
Jeffrey Altstadter
Director, Publicity – PointsBet
Jeffrey.Altstadter@PointsBet.com
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https://www.wafb.com/prnewswire/2022/03/31/qualtek-announces-fourth-quarter-annual-2021-financial-results/
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- Full year 2021 results include revenue of $612.2 million and adjusted EBITDA of $60.0 million
- Reported 24-month backlog at the end of Q4 2021 was $2.1 Billion, an increase of 22.0% over year end 2020
- Fourth quarter 2021 results include revenue of $147.1 million and adjusted EBITDA of $4.0 million
- Successfully completed four acquisitions and added significant new contract awards
BLUE BELL, Pa., March 31, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ: QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization, and renewable energy sectors, announced today a strong 2021 fourth quarter and full-year financial results of its subsidiary QualTek HoldCo, LLC.
Fourth quarter 2021 revenue was up 11.0% to $147.1 million, compared to $132.4 million for the fourth quarter of 2020. Net loss from continuing operations for the fourth quarter 2021 was $81.1 million compared to net loss from continuing operations of $56.3 million in the fourth quarter of 2020. Excluding one-time impairment of goodwill, Net loss from continuing operations for the fourth quarter 2021 was $28.6 million compared to a net loss from continuing operations of $27.5 million in the fourth quarter of 2020. Fourth quarter 2021 adjusted EBITDA was $4.0 million compared to a loss of $13.5 million for the fourth quarter of 2020. Backlog at the end of the fourth quarter was $2.1 billion which is a 22% increase over the fourth quarter 2020.
Full year 2021 revenue was $612.2 million, a decline of 6.7% from $656.5 million for the full year 2020. Net loss from continuing operations for 2021 was $101.6 million compared to net loss from continuing operations of $94.2 million in 2020. Excluding one-time impairment of goodwill, Net loss from continuing operations for 2021 improved to $49.1 million compared to a net loss from continuing operations of $65.4 million in 2020. Full year 2021 adjusted EBITDA increased 356.9% to $60.0 million, compared to $13.1 million for the full year 2020. The increase in adjusted EBITDA was driven primarily by margin improvement initiatives across both the Telecom and Renewables & Recovery segments. On a pro-forma basis, assuming the recently closed acquisitions had been owned for the full year ending December 31, 2021, QualTek estimates adjusted EBITDA would be approximately 72.0 million. For the full year 2022, guidance remains unchanged.
As QualTek has indicated in the past, strong industry tailwinds including grid modernization and infrastructure improvements along with the C-band spectrum deployment are expected to drive major 5G infrastructure buildouts and provide significant growth opportunities across the business. The company is also seeing reductions in COVID-19 health and safety protocols in key regions allowing for a return to pre-covid scale and efficiency. QualTek expects continued growth in both segments during 2022 and beyond.
Scott Hisey, QualTek's Chief Executive Officer, said, "2021 was a critical year for the company. We successfully closed our SPAC transaction creating over $80 million of additional liquidity to allow us to execute on our strategic growth plan. Full year 2021 adjusted EBITDA grew to $60.0 million, a $47 million increase from 2020. QualTek remains on a path to be a significant industry player across the telecommunications and power industries. We successfully grew our rolling two-year backlog by 22% to $2.1 billion during the year. This growth is a testament to our strong performance and our customer's reliance on QualTek to play a critical role in building out 5G networks and participating in the long-term grid modernization initiatives. We are very excited for the future of QualTek."
Management will hold a conference call to discuss these results on Friday, April 1, 2022, at 9:00 a.m. Eastern Time. The call-in number for the conference call is 1 (888) 330 – 2454 or 1 (240) 789 - 2714 using passcode 2965812. Additionally, the call will be broadcast live over the Internet and can be accessed and replayed through the investor relations section of the Company's website at qualtekservices.com.
The following tables set forth the financial results for the periods ended December 31, 2021 and 2020:
The following tables set forth the financial results for the three-month periods ended December 31, 2021 and 2020:
Founded in 2012, QualTek is a leading technology-driven provider of infrastructure services to the 5G wireless, telecom, power grid modernization, and renewable energy sectors across North America. QualTek has a national footprint with more than 80 operation centers across the U.S. and a workforce of over 5,000 people. QualTek has established a nationwide operating network to enable quick responses to customer demands as well as proprietary technology infrastructure for advanced reporting and invoicing. The Company will report within two operating segments: Telecommunications and Renewables and Recovery. For more information, please visit qualtekservices.com.
This communication contains forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995, including statements about the financial condition, results of operations, earnings outlook and prospects of QualTek. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements are based on the current expectations of the management of QualTek and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made with the SEC by QualTek.
Should one or more of the risks or uncertainties materialize or should any of the assumptions made by the management of QualTek prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.
All pro forma numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.
All subsequent written and oral forward-looking statements concerning the matters addressed in this communication and attributable to QualTek or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this communication. Except to the extent required by applicable law or regulation, QualTek undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of this communication to reflect the occurrence of unanticipated events.
Media Contact:
QualTek IR/Communications
Gianna Lucchesi
PR@qualtekservices.com
(484) 804 - 4585
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The contract also includes four option years, worth additional $2.5 billion
TUCSON, Ariz., March 31, 2022 /PRNewswire/ -- Raytheon Missiles & Defense, a Raytheon Technologies (NYSE: RTX) business, was awarded a $651 million, with options totaling $2.5 billion, hardware, production and sustainment contract for full-rate production of the AN/SPY-6(V) Family of Radars. The contract, with options, totals $3.2 billion and five years of radar production to equip up to 31 U.S. Navy ships with SPY-6 radars.
Under the contract, RMD will produce solid state, fixed-face and rotating SPY-6 variants that will deliver unprecedented integrated air and missile defense capabilities for seven types of U.S. Navy ships over the next 40 years. Those vessels include the Navy's new Arleigh Burke class Flight III destroyers, aircraft carriers and amphibious ships; today's Flight IIA destroyers will be backfit with an upgraded radar.
"There is no other radar with the surface maritime capabilities of SPY-6," said Wes Kremer, president of Raytheon Missiles & Defense. "SPY-6 is the most advanced naval radar in existence, and it will provide our military a giant leap forward in capability for decades to come."
Since its inception, more than $600 million has been invested in the development and manufacturing of the SPY-6 family of radars. When compared to legacy radars, SPY-6 will bring new capabilities to the surface fleet, such as advanced electronic warfare protection and enhanced detection abilities.
SPY-6 array radar variants have between nine and 37 radar modular assemblies, known as RMAs. Common RMAs allow SPY-6 to be scalable and modular to support production for the U.S. and partner nations across all variants, to include the Enterprise Air Surveillance Radar. This commonality supports standardized logistics and training for those who work on the radars.
SPY-6 radar installation is complete on the Navy's first Flight III destroyer, the USS Jack H. Lucas (DDG 125), which is scheduled to be operational in 2024. Radar array deliveries are complete for the next ship in the class, the future USS Ted Stevens (DDG 128).
Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With four industry-leading businesses ― Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ― the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts.
Media Contact
Tara Wood
rmdpr@rtx.com
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"Cheer Boxes," Now En Route to Poland, Meant to Bring Joy to the Youngest Who Have Been Displaced
LAS VEGAS, March 31, 2022 /PRNewswire/ -- Realty ONE Group, a modern, purpose-driven lifestyle brand and ONE of the fastest growing franchisors in the world, set off on a crusade only three short weeks ago to collect tens of thousands of shoe boxes of toys, "cheer boxes," for Ukrainian children who have been displaced by the war.
The idea came from the daughters of the company's CEO and founder, Kuba Jewgieniew, who wanted children to help children in need. Jewgieniew's parents and family are from Poland while his wife, Luba Jewgieniew, was born and raised in Ukraine. The family originally hoped to collect just 300 boxes, but the result was well beyond anything the girls or the company could have expected.
"People helping people is what our COOLTURE (cool + culture) is all about," said Kuba Jewgieniew, CEO and Founder of Realty ONE Group. "Our entire ONE family across 45 states shared their love along with local schools, hospitals, neighbors and other real estate companies and it was ONE of the most amazing things I've ever experienced.
In total, Realty ONE Group estimates it collected more than 30,000 cheer boxes stuffed with toys, some clothing and loving, hand-crafted notes to all ages of Ukrainian children. The boxes began to overflow at the company's several hub offices in Orange County, Phoenix and Las Vegas, and now have been crated and shipped to the east coast where they'll make the final trek overseas to the south of Poland where Jewgieniew's family will drive distribution efforts.
Realty ONE Group has a long legacy of giving back through its 501(c)3, ONE Cares, having impacted nearly 300,000 lives in 2021, giving back more than $200,000 to organizations everywhere while planting 139,000 trees through its ONE Tree, ONE World program to make the earth greener as we expand our footprint around the world.
The UNBrokerage, as it's known in the industry, now has more than 17,000 real estate professionals in more than 400 offices in 45 states, Washington D.C. and Canada and will be opening in Ecuador, Costa Rica, Italy, Singapore and Spain, in addition to the U.S. territory of Puerto Rico.
Learn more at www.OwnAOne.com.
For "cheer box" photos: https://www.facebook.com/media/set/?set=a.5611210098907890&type=3
About Realty ONE Group
Founded in 2005, Realty ONE Group is an industry disruptor, radically changing the face of real estate franchising with its unique business model, fun coolture, technology infrastructure and superior support for its real estate professionals. The company has rapidly evolved to include more than 17,000 real estate professionals in over 400+ offices across 45 U.S. states, Washington D.C., Puerto Rico, Canada, Italy, Spain, Singapore and Costa Rica. Realty ONE Group ranks in the top one percent in the nation by REAL Trends, has been recognized by Entrepreneur Magazine as a Top 5 Real Estate Franchise and has been on Inc. 500's list of the Fastest-Growing Companies for seven consecutive years. Realty ONE Group is surging ahead, opening doors, not only for its clients but for real estate professionals and franchise owners. To learn more, visit www.RealtyONEGroup.com.
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DALLAS, March 31, 2022 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) has expanded its Carbon Solutions Group with the hiring of Robert "Bob" Purgason, a seasoned energy expert and prior executive of EnLink Midstream's predecessor, Crosstex Energy. Purgason will lead EnLink's Carbon Solutions Group as Managing Director of Carbon Solutions.
Purgason brings extensive industry experience in growing new business lines and excellent industry relationships, both of which will help EnLink grow its carbon capture, transportation, and sequestration (CCS) business. Purgason will lead our Carbon Solutions Group, which consists of in-house commercial and engineering talent, including Scott Goldberg, Vice President of Carbon Solutions, who will continue to lead the day-to-day execution of the CCS business.
"The emerging CCS business is the most exciting opportunity for EnLink to participate in the energy transition, and it's critical, after establishing a complete CCS offering, that we have the right resources to make the most of our competitive advantages to scale this business," Chairman and CEO Barry Davis said. "When we think about the size of the opportunity and the work needed to fulfill its potential, we see the need for an executive level leader who can bring strategic vision and deep experience building new businesses. Having worked closely with Bob, I am confident his extensive industry knowledge, deep connections within the market, and business development experience, combined with his innate leadership abilities, will be extremely complimentary to our team."
Purgason brings over 40 years of experience in operations, business development and finance in the energy industry, including five years at Crosstex Energy serving as Executive Vice President and Chief Operating Officer. Most recently, he was CEO of the predecessor to Altus Midstream. Prior to that, Purgason held senior executive positions at Williams Co. and Access Midstream.
Purgason currently serves on the board of directors of L.B. Foster Co. He has served on the Executive Committee of Texas Pipeline Association and Board of Directors at GPA Midstream Association. He holds a Bachelor of Science in chemical engineering from the University of Oklahoma.
About EnLink Midstream
EnLink Midstream reliably operates a differentiated midstream platform that is built for long-term, sustainable value creation. EnLink's best-in-class services span the midstream value chain, providing natural gas, crude oil, condensate, NGL capabilities, and carbon capture, transportation and sequestration. Our purposely built, integrated asset platforms are in premier production basins and core demand centers, including the Permian Basin, Oklahoma, North Texas, and the Gulf Coast. EnLink's strong financial foundation and commitment to execution excellence drive competitive returns and value for our employees, customers, and investors. Headquartered in Dallas, EnLink is publicly traded through EnLink Midstream, LLC (NYSE: ENLC). Visit www.EnLink.com to learn how EnLink connects energy to life.
Investor Relations: Brian Brungardt, Director of Investor Relations, 214-721-9353, brian.brungardt@enlink.com
Media Relations: Jill McMillan, Vice President of Strategic Relations & Public Affairs, 214-721-9271, jill.mcmillan@enlink.com
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https://www.wafb.com/prnewswire/2022/03/31/ruby-pipeline-llc-releases-additional-disclosure-information/
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HOUSTON, March 31, 2022 /PRNewswire/ -- On March 25, 2022, Ruby Pipeline, L.L.C. ("Ruby") executed confidentiality agreements (the "Confidentiality Agreements") with members of an ad hoc group (the "Ad Hoc Group") of holders of over 70% of the 6.0% notes due 2022 issued by Ruby. The Confidentiality Agreements facilitated discussions among certain affiliates of Ruby (such affiliates, the "Company Parties") and the Ad Hoc Group concerning a potential restructuring of Ruby's capital structure (a "Transaction").
Pursuant to the Confidentiality Agreements, Ruby agreed that, upon the occurrence of certain events or after a specified period, it would disclose publicly the information set forth in the following paragraph (the "Disclosure Information"). The Disclosure Information included in this press release is being furnished to satisfy Ruby's public disclosure obligations under the Confidentiality Agreements.
Negotiations among the Company Parties and their representatives, on the one hand, and the Ad Hoc Group and its representatives, on the other hand, concerning a Transaction resumed on March 25, 2022. During those negotiations, the Company Parties, the Ad Hoc Group and their respective representatives exchanged further proposals for Transactions on a confidential basis. Such proposals are not acceptable to the necessary parties, and negotiations among principals are not continuing at this time. The following information was disclosed by the Company Parties to the Ad Hoc Group during those resumed negotiations:
Based on Ruby's current business plan, G&A Expenses, Ad Valorem Taxes, and Operating Expenses for FY'23 are forecasted to be $8.4 million, $12.8 million and $4.7 million, respectively.
For more information about the Ruby Pipeline, click here.
Important Information Relating to Forward-Looking Statements
This news release includes forward-looking statements. Generally the words "expects," "believes," anticipates," "plans," "will," "shall," "estimates," and similar expressions identify forward-looking statements, which are not historical in nature. Forward-looking statements in this news release include express or implied statements concerning Ruby's forecasts of general and administrative expenses, ad valorem taxes and operating expenses for 2023. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although Ruby believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize or their ultimate impact on Ruby's operations or financial condition.
Media Contact:
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VANCOUVER, BC, March 31, 2022 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce that its Board of Directors has declared the Company's second quarterly cash dividend for 2022 in the amount of C$0.02 per common share to shareholders of record as of the close of business on April 19, 2022. The dividend will be paid on April 29, 2022. The dividend qualifies as an "eligible dividend" as defined in the Income Tax Act (Canada).
The declaration, timing, amount, and payment of future dividends will be subject to the discretion and approval of the Board of Directors. The Company will review the dividend program on an ongoing basis and may amend it at any time depending on the Company's then current financial position, capital allocation framework, profitability, cash flow, debt covenant compliance, legal requirements and other factors considered relevant. As such, no assurances can be made that any future dividends will be declared and/or paid. Dividends paid to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.
Sandstorm filed its Form 40-F for the year ended December 31, 2021 with the Securities and Exchange Commission and it is available on EDGAR at www.sec.gov/edgar. The Company's 2021 Audited Financial Statements, along with its Form 40-F, are both available on the Company's website at www.sandstormgold.com.
Shareholders may also receive copies of these documents, without charge, upon request to Sandstorm's Investor Relations Department, Suite 1400, 400 Burrard St, Vancouver, British Columbia, V6C 3A6 Canada or to info@sandstormgold.com.
CONTACT INFORMATION
For more information about Sandstorm Gold Royalties, please visit our website at www.sandstormgold.com or email us at info@sandstormgold.com.
ABOUT SANDSTORM GOLD ROYALTIES
Sandstorm is a gold royalty company that provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 230 royalties, of which 29 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold royalties. For more information visit: www.sandstormgold.com.
CAUTIONARY STATEMENTS TO U.S. SECURITYHOLDERS
The financial information included or incorporated by reference in this press release or the documents referenced herein has been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board, which differs from US generally accepted accounting principles ("US GAAP") in certain material respects, and thus are not directly comparable to financial statements prepared in accordance with US GAAP.
The disclosure and information contained or referenced herein uses mineral reserve and mineral resource classification terms that comply with reporting standards in Canada, and mineral reserve and mineral resource estimates are made in accordance with Canadian NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum — CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Definition Standards"). These standards differ significantly from the mineral reserve disclosure requirements of the United States Securities Exchange Commission (the "SEC") set forth in Industry Guide 7. Consequently, information regarding mineralization contained or referenced herein is not comparable to similar information that would generally be disclosed by U.S. companies under Industry Guide 7 in accordance with the rules of the SEC. Further, the SEC has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the Securities Exchange Act of 1934 ("Exchange Act"). These amendments became effective February 25, 2019 (the "SEC Modernization Rules") and, commencing for registrants with their first fiscal year beginning on or after January 1, 2021, the SEC Modernization Rules replaced the historical property disclosure requirements included in SEC Industry Guide 7. As a foreign private issuer that files its annual report on Form 40-F with the SEC pursuant to the multi-jurisdictional disclosure system, the Company is not required to provide disclosure on its mineral properties under the SEC Modernization Rules and will continue to provide disclosure under NI 43-101 and the CIM Definition Standards. The SEC Modernization Rules include the adoption of terms describing mineral reserves and mineral resources that are "substantially similar" to the corresponding terms under the CIM Definition, but there are differences in the definitions under the SEC Modernization Rules and the CIM Definition Standards. Accordingly, there is no assurance any mineral reserves or mineral resources that the Company may report as "proven mineral reserves", "probable mineral reserves", "measured mineral resources", "indicated mineral resources" and "inferred mineral resources" under NI 43-101 would be the same had the Company prepared the mineral reserve or mineral resource estimates under the standards adopted under the SEC Modernization Rules. U.S. investors are also cautioned that while the SEC recognizes "measured mineral resources", "indicated mineral resources" and "inferred mineral resources" under the Modernization Rules, investors should not assume that any part or all of the mineralization in these categories will ever be converted into a higher category of mineral resources or into mineral reserves. Mineralization described using these terms has a greater amount of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves. Accordingly, investors are cautioned not to assume that any measured mineral resources, indicated mineral resources, or inferred mineral resources that the Company reports are or will be economically or legally mineable. Further, "inferred mineral resources" have a greater amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Therefore, U.S. investors are also cautioned not to assume that all or any part of the "inferred mineral resources" exist. Under Canadian securities laws, estimates of "inferred mineral resources" may not form the basis of feasibility or pre-feasibility studies, except in rare cases. For the above reasons, information contained or referenced herein regarding descriptions of our mineral reserve and mineral resource estimates is not comparable to similar information made public by U.S. companies subject to reporting and disclosure requirements of the SEC under either Industry Guide 7 or SEC Modernization Rules.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Sandstorm Gold Royalties. Forward-looking statements include, but are not limited to the payment of the dividend and declaration of future dividends, including the timing and amount thereof, the future price of gold, silver, copper, iron ore and other metals, the estimation of mineral reserves and resources, realization of mineral reserve estimates, the timing and amount of estimated future production. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", or similar terminology.
Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Sandstorm Gold Royalties to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Sandstorm Gold Royalties will operate in the future, including the receipt of all required approvals, the price of gold and copper and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, failure to receive necessary approvals, changes in business plans and strategies, market conditions, share price, best use of available cash, gold and other commodity price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold or other commodity the Company will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which the Company will purchase gold, other commodities or receive royalties from, and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold and other commodities, fluctuation in foreign exchange rates and interest rates, stock market volatility, as well as those factors discussed in the section entitled "Risks to Sandstorm" in the Company's annual report for the financial year ended December 31, 2021 and the section entitled "Risk Factors" contained in the Company's annual information form dated March 31, 2022 available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws.
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NEW YORK, March 31, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Randolph Bancorp, Inc. ("Randolph" or the "Company") (NASDAQ: RNDB), in connection with the proposed acquisition of the Company by Hometown Financial Group, Inc. ("Hometown"). Under the terms of the merger agreement, the Company's shareholders will receive $27.00 in cash for each share of Randolph common stock owned. The transaction is valued at approximately $146.5 million.
If you own Randolph shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/rndb
Or please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Weiss Law is investigating whether (i) Randolph's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $27.00 per-share merger consideration adequately compensates Randolph's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
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NEW YORK, March 31, 2022 /PRNewswire/ --
If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Alleghany Corporation (NYSE: Y)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Alleghany Corporation (NYSE: Y) in connection with the proposed acquisition of Y by Berkshire Hathaway. Under the terms of the merger agreement, Y shareholders will receive $848.02 in cash for each share of Y common stock owned. If you own Y shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/y
Anaplan, Inc. (NYSE: PLAN)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Anaplan, Inc. (NYSE: PLAN), in connection with the proposed acquisition of PLAN by Thoma Bravo. Under the terms of the merger agreement, PLAN shareholders will receive $66.00 in cash for each share of PLAN common stock owned. If you own PLAN shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/plan
Citrix Systems, Inc (NASDAQ: CTXS)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Citrix Systems, Inc (NASDAQ: CTXS), in connection with the proposed acquisition of CTXS by affiliates of Vista Equity Partners and Evergreen Coast Capital Corporation. Under the terms of the agreement, CTXS shareholders will receive $104.00 in cash for each share of CTXS common stock that they hold. If you own CTXS shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/ctxs
Peak Bancorp, Inc. (OTC: IDFB)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Peak Bancorp, Inc. (OTC: IDFB), in connection with the proposed acquisition of IDFB by BAWAG Group. Under the terms of the acquisition agreement, IDFB's shareholders will receive $12.05 in cash for each share of IDFB common stock that they hold. If you own IDFB shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/idfb
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https://www.wafb.com/prnewswire/2022/03/31/simitree-names-erin-masterson-mark-romano-associate-principals/
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KING OF PRUSSIA, Pa., March 31, 2022 /PRNewswire/ -- Today, SimiTree named Directors Erin Masterson and Mark Romano as Associate Principals. Masterson and Romano join a group of six managing principals and three principals who direct SimiTree in providing a wide range of proven solutions for compliance, growth, and profitability to home health, hospice, applied behavioral analysis, palliative care, and other post-acute organizations.
"Mark has worked in mergers and acquisitions for the past six years, performing financial due diligences of home health, hospice, behavioral health/ABA, and private duty companies, while Erin has a history of providing extensive revenue cycle and operations consulting to organizations of all sizes, exclusively in the homecare industry," said William Simione, SimiTree CEO and Managing Principal.
Masterson and Romano will collaboratively lead with SimiTree Managing Principals William J. Simione III, David Berman, Nick Seabrook, Mike Freytag, Eric Scharber, and Todd Montigney, as well as fellow Principals J'non Griffin, Jess Stover and Rob Simione.
"I'm honored and excited at the opportunity to join this group of truly innovative leaders, who have positioned SimiTree to provide solutions that help clients overcome challenges, grow and become more profitable," Masterson said.
"It is quite a privilege to join Erin in becoming a fellow member of this highly regarded group as we strive to further accelerate the success of our clients," Romano added.
Romano has nearly 20 years of industry experience, assuming multiple interim leadership roles ranging from billing manager to revenue cycle director and finance manager in home health, hospice, and private duty settings. He has extensive knowledge in revenue recognition and account receivable reconciliation, which allowed him to easily transition to Mergers and Acquisitions, where his primary focus is on financial due diligences, quality of earnings, and hospice cap. A member of the National Association for Home Care & Hospice, Romano is a graduate of Quinnipiac University with a Bachelor of Science in accounting.
Masterson has spent the past ten years consulting in operational and revenue cycle-focused engagements in the homecare industry with an emphasis on project management and leadership surrounding organizational structure redesigns, revenue cycle process efficiency and accounts receivable reductions. Masterson's accomplishments through interim management positions have led to increased revenue, improved processes and streamlined operations for home health and hospice agencies across the country. She is a graduate of Penn State University with a Bachelor of Science in finance and sits on several committees and task forces that promote mentorship, female empowerment, and philanthropic initiatives.
"Mark and Erin offer excellent examples of the caliber of leadership SimiTree strives to incorporate into its structure to ensure the ongoing quality and effectiveness of the resources, guidance and solutions we make available to our clients," Simione added.
About SimiTree
SimiTree, a consulting and outsourcing company serving the home health, hospice, applied behavioral analysis, palliative care, and other post-acute organizations, was created by the merger of Simione Healthcare Consultants and BlackTree Healthcare Consulting in May 2021.
In addition to clinical, financial, and operational consulting, SimiTree offers a robust suite of outsourced services, including billing, coding, OASIS, Review Choice Demonstration (RCD) and Quality Assessment and Performance Improvement (QAPI), and revenue cycle management; executive placement, interim management, retention consulting and other talent solutions; mergers and acquisitions support; compliance assessments and risk mitigation plans; sales and growth training; and benchmarking and data analytics.
SimiTree also prepares cost reports for Medicare-certified home health agencies and provides hospice cap reporting and hospice cap due diligence services.
For more information, visit www.SimiTreeHC.com.
Media Contact:
Kally Mavromatis
kmavromatis@simitreehc.com
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https://www.wafb.com/prnewswire/2022/03/31/stephen-harris-named-president-blue-cross-blue-shield-illinois/
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Succeeds Steve Hamman at States' Largest Health Plan
CHICAGO, March 31, 2022 /PRNewswire/ -- Blue Cross and Shield of Illinois (BCBSIL), a division of Health Care Service Corporation (HCSC), today announced Stephen Harris has been named the new Illinois president. Stephen will succeed Steve Hamman, who has left the company to pursue new endeavors. He will begin this new position immediately.
"Stephen has been instrumental in the company's ambitious growth strategy and has done tremendous work in stabilizing and growing our Medicaid business," said Maurice Smith, HCSC president and CEO. "He is an exceptional leader and will be outstanding in his new role working to improve the quality of life for Illinoisans by working with key partners in aligning the health care system around our members' and customers' varying needs."
Stephen has over 20 years of experience spearheading business development and performance improvement initiatives for top health care organizations. During his time at HCSC, he led the company's Medicaid line of business; responsible for driving growth, operational excellence, and financial performance. Prior to joining HCSC, Stephen was Regional Vice President of Health Plan Operations at Molina Healthcare. In his new role, he will lead a team that manages the Plan's commercial markets sales including group and individual, provider relations and network contracting, care management, regulatory and customer relationships and BCBSIL's hyperlocal community engagement initiatives.
"HCSC has an outstanding leadership team that is a result of a long-standing focus on attracting and growing top talent," said Smith. "Our continued focus on building our leadership bench strength allows us to capitalize on our position as a leader in the health care industry and to continue to deliver outstanding value to our customers, communities, and key partners."
"It is an exciting time to lead an organization that is well positioned to drive significant change in health care and continue to expand access to health care by strengthening relationships and working in close collaboration with providers, employers and other partners," said Harris. "I am both honored and excited to continue to work with the talented leaders at BCBSIL to build on its strong foundation to innovate and make the healthcare system work better for everyone."
Stephen is a certified public accountant and holds an MBA from the University of North Carolina's Kenan-Flagler Business School and a BA from Michigan State University.
About Blue Cross and Blue Shield of Illinois
Blue Cross and Blue Shield of Illinois (BCBSIL) is committed to expanding access to quality, cost-effective health care to as many people as possible in Illinois. Covering nearly 9 million people, BCBSIL is dedicated to innovation and exploring, nurturing, and activating future possibilities to make the health care system work better for our members and our communities. BCBSIL is a division of Health Care Service Corporation, a Mutual Legal Reserve Company and an Independent Licensee of the Blue Cross and Blue Shield Association.
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https://www.wafb.com/prnewswire/2022/03/31/super-lawyers-lists-attorney-irwin-zalkin-2022/
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SAN DIEGO , March 31, 2022 /PRNewswire/ -- The Zalkin Law Firm has announced the selection of founding partner and attorney Irwin M. Zalkin to 2022 Super Lawyers®, a trusted legal ranking guide developed through a multiphase selection process. Attorney Zalkin has been long recognized in Super Lawyers®. In the 2022 edition, he was listed for his effective advocacy in San Diego, California in the practice area of "Personal Injury - General: Plaintiff."
Part of Thomson Reuters, Super Lawyers® lists no more than 5% of all private practice attorneys in the U.S. in its annual legal guide. It utilizes third-party nomination and two rigorous reviews to select listed lawyers. As such, its selection process is often regarded as a highly competitive, in-depth performance review.
The first review is conducted by the Super Lawyers® research team through independent research. Candidates are evaluated on a dozen categories of professional achievement, some of which include:
- Settlements and verdicts
- Representative clients
- Special licenses and certifications
- Awards and accolades
- Pro bono work
The second review is the peer review, or the Blue Ribbon Review. In this step, a panel of top-rated lawyers reevaluates the candidates. Each panelist focuses on reevaluating candidates within their own areas of practice. This ensures that each listed lawyer is respected by their peers.
A staunch advocate for sexual abuse survivors, Attorney Zalkin has long been regarded for his groundbreaking representation. He has taken on and won complex sex abuse and assault cases against the Catholic Church, Boy Scouts of America, Jehovah's Witnesses, colleges and universities, and more.
Congratulations to Attorney Zalkin on earning a listing in 2022 Super Lawyers®! His first listing was all the way back in the 2008 edition. He was listed again in 2011 and 2012, then in every edition since 2014. He is also recognized by Martindale-Hubbell, The National Trial Lawyers: Top 100, and the Public Justice Foundation, among others.
As one of the nation's most trusted sexual abuse law firms, The Zalkin Law Firm has won millions of dollars in compensation for survivors in California, New York, and nationwide. It has secured historic global settlements in high-profile cases against the world's most powerful organizations and institutions, as well. No matter the complexity, no matter the scale of the coverup, its attorney team is equipped to uncover the truth and fight for accountability in single- and multi-victim cases. Learn more at https://www.zalkin.com/. To find out more about Super Lawyers®, visit https://www.superlawyers.com/.
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https://www.wafb.com/prnewswire/2022/03/31/tecnos-ar-campaign-with-man-city-announceyourself-shortlisted-best-brand-activation-involving-football-fba-2022/
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NEW YORK, March 31, 2022 /PRNewswire/ -- The Football Business Awards (FBA), considered the industry's foremost and prestigious accolade, has shortlisted TECNO's #AnnounceYourself Augmented Reality (AR) Campaign for the 2022 Best Brand Activation Involving Football. Blending the most advanced AR immersive technology, a storied club and the aspirations of football fans all over the world, the #AnnounceYourself campaign was a runaway success, catching the eyes of many football executives and professionals all around the world.
Into its 10th year, the FBA celebrates the vital role that clubs and businesses play shaping the football industry, and enabling every game to be a success, both on and off the pitch. It recognizes outstanding successes such as excellence in football media, marketing efficiency, as well as business and technology innovation. With an illustrious judging panel selected for their particular experience and expertise, the FBA has grown into a significant annual networking event in the industry.
In the capacity of being Manchester City's Global Official Handset Partner, TECNO created a metaverse-like experience for fans to interact with the club set in Man City. This AR experience saw fans journeying through the club, in a simulated reality akin to a football metaverse. From visiting the Etihad Stadium and Man City Football Academy training campus, to signing a new contract, selecting their squad number, and mingling with first-team players, the AR campaign accorded football fans a ticket to live out their dreams supporting their favorite club.
Users could also take part in the 3D penalty shootout games before showing off their skills and scores on social media. The AR experience campaign culminated in a grand lucky draw where lucky contestants won rare VIP matchday tickets and travel to a Manchester City home fixture during the season.
This campaign received recognition from the judging panel behind the FBA because it reflects a turning point in how technology can be integrated into our passions and to utilize platforms such as AR to unite fans and allow them to share common experiences, such as playing football or supporting a club.
With this AR campaign, TECNO has not only demonstrated the far-reaching effects of utilizing sports marketing but also worked to cement the brand's presence on the global stage. This reflects TECNO's mission as a technology company to bring to consumers, an innovative brand experience through cutting-edge technology and marketing.
The FBAs were designed to celebrate excellence and acknowledge success in the business of football. The Awards recognize the essential role that business plays in football, the positive impact of football on the community and the vital role played by the businesses which serve the game. This is the event at which all the achievements off the pitch are celebrated at the end of each year. With an illustrious judging panel selected for their particular experience and expertise, the FBA has grown into a significant annual networking event in the industry.
With "Stop At Nothing" as its brand essence, TECNO is committed to unlocking the best contemporary technologies for progressive individuals across global emerging markets, giving them elegantly designed intelligent products that inspire consumers to uncover a world of possibilities. This recognition by the FBA marks an important milestone for TECNO, and the global smartphone manufacturer looks forward to bringing forth even more innovations in the coming years.
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https://www.wafb.com/prnewswire/2022/03/31/texas-economic-dominance-continues-ranks-no-1-us-gdp-growth/
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AUSTIN, Texas, March 31, 2022 /PRNewswire/ -- Texas, the ninth largest economy in the world according to Gross Domestic Product (GDP), saw a 10.1% increase in the annual rate growth of real GDP in the last quarter of 2021 — compared to the national average of 6.9% — according to data from the Bureau of Economic Analysis released today, March 31.
GDP is a measure of the size and strength of an economy.
"Thanks to the hardworking people of Texas, the Lone Star State leads the nation with the largest increase in fourth quarter GDP," said Gov. Greg Abbott. "This achievement is yet another testament to the prosperous economic climate we have cultivated by developing a highly skilled workforce, cutting red tape, and investing in our robust infrastructure."
This increase in GDP for Texas is consistent with other economic indicators that prove Texas is the best state in the nation to do business, said Robert Allen, President and CEO of the Texas Economic Development Corporation, based in Austin.
"Texas has a long track record of economic strength and stability as well as a business-friendly climate, a large skilled workforce, low tax burden, the availability of affordable land, robust transportation network and deepwater seaports — and elected leadership that enthusiastically welcomes new, expanding and relocating businesses," Allen said.
In addition to the GDP increase, Texas was the No. 1 exporting state in the nation for 2021 — for the 20th consecutive year, according to data released by BEA in February 2022. Texas's exports exceeded the exports of the next largest states, California, New York and Louisiana combined.
Texas overtook Brazil to become the ninth largest economy in the world — if Texas were a country — according to 2019 GDP data from the International Monetary Fund. Texas sustained its position in the rankings of global economies by GDP through the pandemic.
About TxEDC
The Texas Economic Development Corporation (TxEDC) is an independently funded and operated 501(c)(3) nonprofit organization dedicated to economic development, business recruitment and job creation in the state of Texas. The public-private partnership of TxEDC and Texas Economic Development and Tourism Office in the Office of the Governor, markets Texas as a premier business destination to let corporate decision- makers and site selection consultants know that they can Go Big in Texas. For more information about TxEDC, visit www.GoBigInTexas.com.
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https://www.wafb.com/prnewswire/2022/03/31/tieks-launches-virtual-tieksforukraine-auction-raise-funds-ukrainian-refugees/
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Los Angeles-based shoe company hosts virtual auction of limited edition and one-of-a-kind ballet flats to raise awareness with 100% of proceeds supporting Ukrainian people
LOS ANGELES, March 31, 2022 /PRNewswire/ -- Today, Los Angeles-based shoemaker Tieks announced the launch of #TieksForUkraine, a virtual auction and raffle featuring their famed ballet flats, running from March 31 to April 3. In solidarity with the people of Ukraine, 100% of the auction and raffle proceeds will be donated to World Central Kitchen's #ChefsforUkraine initiative, an on the ground organization providing millions of meals 24/7 to families across all eight border crossings including Ukraine, Poland, Romania, Moldova, and Hungary.
For the first time ever, prized past limited editions, beloved bygone styles, and exclusive pairs that have never been sold publicly, including a brand-new, one-of-a-kind style, will be available for bid and raffle throughout the four-day auction. The auction is open to all U.S. residents and available through the Tieks.com website.
Within the first two hours of the auction, thousands of bids have been placed, with styles fetching bids as high as $4,500 (Toscani) and $3,500 (Arabian Night).
Historically, limited-edition Tieks are released on rare occasions like Black Friday and routinely sell out in 24-72 hours, making these releases some of the most coveted designs by the brand. These limited-edition styles have become among the most highly anticipated shoe releases year-round, with fans preparing to do almost anything to get their hands on a pair. Limited release pairs usually retail for significantly more in the secondary markets after they are no longer available from Tieks. However, from March 31-April 3, fans will have a chance to get their hands on a pair while also supporting an incredible cause.
#TieksForUkraine will feature eight total pairs, with seven up for auction and a one-of-a-kind pair for raffle including one limited edition style each of Red Diamond (2017 release), True Love Red (2021 release), Giraffe (2012 release), Toscani, Arabian Night, and Brown and Black Ostrich—two styles that have never been available for sale publicly. All auction styles will start at $100 and be awarded to the highest bidder. Additionally, Mirage, a one-of-a-kind pair in a sparkly sand hue will be available to win via a raffle. Raffle tickets for this style are $1 each with an unlimited purchase amount. As an added bonus, Tieks will also give away $100 Tieks Gift Cards to 10 additional raffle winners.
"I'm humbled that my company and our community are able to support the people of Ukraine through the #TieksForUkraine initiative," Gavrieli said. "In solidarity with the people of Ukraine, who have lost so much and shown immense courage and strength, our community wants to be involved in contributing to the Ukrainian people in a meaningful way." Gavrieli added, "My hope is that through the auction proceeds, World Central Kitchen will be able to provide tens of thousands of meals for Ukrainians braving this unimaginable war."
To learn more and enter, visit here.
About Tieks:
Stylish, comfortable, durable, and foldable, Tieks are the most versatile flats in the world. Tieks is committed to women's empowerment and, through the Gavrieli Foundation, has become the largest individual lender in the world on Kiva, sending over $10,000,000 to women entrepreneurs living in poverty around the world.
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https://www.wafb.com/prnewswire/2022/03/31/trinity-capital-inc-announces-adjustment-conversion-rate-its-600-convertible-notes-due-2025/
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PHOENIX, March 31, 2022 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading specialty lending company that provides debt, including loans and equipment financing, to growth stage companies backed by technology banks, venture capital and private equity firms, today announced an adjustment to the conversion rate of its 6.00% Convertible Notes due 2025 (the "Convertible Notes") as a result of the Company's regular cash dividend of $0.40 per share and a supplemental dividend of $0.15 per share, payable on April 15, 2022 to stockholders of record as of March 31, 2022. The ex-dividend date for such dividends was March 30, 2022.
Effective immediately after the close of business on March 31, 2022, the conversion rate of the Convertible Notes will be adjusted to 67.5315 shares of the Company's common stock per $1,000 principal amount of Convertible Notes from the prior conversion rate of 67.0278 shares of the Company's common stock per $1,000 principal amount of Convertible Notes, which had been in effect since January 1, 2022. As a result, effective as of such time, the conversion price applicable to the Convertible Notes will be adjusted to $14.81 per share of common stock from $14.92 per share of common stock.
The adjustment to the conversion rate of the Convertible Notes is being made pursuant to the second supplemental indenture, dated as of December 11, 2020, governing the Convertible Notes as a result of the Company's regular quarterly cash dividend discussed above exceeding the initial dividend threshold of $0.30 per share of common stock set forth in the second supplemental indenture and the Company paying a supplemental cash dividend.
Notice of the conversion rate adjustment will be delivered to the holders of the Convertible Notes and U.S. Bank National Association, as trustee, in accordance with the terms of the second supplemental indenture governing the Convertible Notes.
Certain Information Regarding Distributions
The Company's objective is to distribute four quarterly distributions in an amount that approximates 90% to 100% of its taxable quarterly income or potential annual income for a particular year in order to qualify for tax treatment as a regulated investment company under the Internal Revenue Code of 1986. In addition, during any particular year, the Company may pay additional supplemental distributions, so that the Company distributes approximately all its annual taxable income in the year it was earned, or it may spill over the excess taxable income into the coming year for future distribution payments.
Distributions are paid from taxable earnings and may include a return of capital and/or capital gains. The specific tax characteristics of the distributions will be reported to stockholders on Form 1099-DIV after the end of the calendar year and in the Company's periodic reports filed with the Securities and Exchange Commission.
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties, including the impact of the COVID-19 pandemic on the economy, financial markets, our business, our portfolio companies and our industry. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. Trinity undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
About Trinity Capital Inc.
Trinity (Nasdaq: TRIN), an internally managed specialty lending company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended, is a leading provider of debt, including loans and equipment financing, to growth stage companies, including venture-backed companies and companies with institutional equity investors. Trinity's investment objective is to generate current income and, to a lesser extent, capital appreciation through investments consisting primarily of term loans and equipment financings and, to a lesser extent, working capital loans, equity and equity-related investments. Trinity believes it is one of only a select group of specialty lenders that has the depth of knowledge, experience, and track record in lending to growth stage companies.
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https://www.wafb.com/prnewswire/2022/03/31/ultra-pro-acquires-legion-supplies-brand-tabletop-gaming-accessories/
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LOS ANGELES, March 31, 2022 /PRNewswire/ -- Ultra PRO International LLC ("Ultra PRO"), a California-based manufacturer of toys, board games, and accessories, has acquired Legion Supplies, Inc. ("Legion Supplies"), an innovator in the tabletop gaming space since its debut in 2009. Steve Port, Owner of Legion Supplies, states, "What prompted the launch 12 years ago was when, as a hobby store owner, I saw my customer's desire for art-based sleeves that represented them beyond the basic fantasy art that existed. From our first 'Bacon' art sleeves, we've tried to bring fun images to quality products that help players express their individuality." Legion Supplies began with trading card game accessories and in 2017 launched MTGproshop.com, which expanded their offerings into the lifestyle category giving fans of Magic: The Gathering a broad selection of apparel and decor based items.
Founded in 1952 and currently celebrating its 70th anniversary, Ultra PRO is a leader in the gaming industry. The acquisition of Legion Supplies reinforces Ultra PRO's strong ability to continue to bring high quality products to the collectibles and trading card games marketplace.
Steve further states, "I'm excited for the expanded capabilities Legion will have working with Ultra PRO's large chain of suppliers and expertise in areas that can only make Legion products better."
Jay Kuo, Ultra PRO's President says, "Legion Supplies is well known in the trading card game community and has developed a great niche business with a loyal following. We're excited to welcome Steve Port to the Ultra PRO management team, as well as the entirety of the Legion team to the Ultra PRO family and look forward to Steve's continued development of Legion Supplies' catalog and service offerings."
Ultra PRO has a strong history of USA-based manufacturing and this acquisition further expands those capabilities as Legion Supplies offers a wide range of product types produced in their Minnesota-based facilities.
Ultra PRO looks forward to growing the business and bringing innovative gaming products to market for years to come. The new partnership will allow Ultra PRO to further expand distribution of the product assortment, create cross-selling opportunities and bring forth complementary line expansions that will be sought out by the gaming audience for years to come.
Legion Supplies, Inc products can be found at https://www.legionsupplies.com/ and https://mtgproshop.com/.
Ultra PRO products can be found at https://shop.ultrapro.com/
About Ultra PRO
Ultra PRO is the leading manufacturer and supplier of sports and gaming collectibles accessories, board games, photo and scrapbooking albums, school and office supplies, and TableTopics conversation starter card sets. The company has been designing and manufacturing top-quality products since 1952. Ultra PRO brands are recognized for their high-quality standards and design innovations. The company's products are sold through a top-tier network of distributors and customers worldwide. They can be purchased in hobby shops, independent toy and gift stores, retail chains and online stores across the globe. Ultra PRO is a privately-held, family-owned company with head offices near Los Angeles, California. For more information, please visit www.UltraPRO.com.
About Legion Supplies, Inc.
Legion Supplies, Inc was founded by Steve Port, serial entrepreneur, and co-founder of Melee.gg, an event management software company. Located in Burnsville, MN, Legion Supplies has been a leader in the tabletop gaming space since 2009. Legion is known for fun and trendy designs as well as innovative product development. Since the beginning, Legion has continued to expand offering new categories of gaming lifestyle products as well as publishing and distribution.
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https://www.wafb.com/prnewswire/2022/03/31/uponor-appoints-jennifer-hauschildt-chief-hr-officer-worldwide-company/
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APPLE VALLEY, Minn., March 31, 2022 /PRNewswire/ -- Uponor Corporation, the Finland-based parent of Uponor North America, has appointed Jennifer Hauschildt to the newly created position of Chief Human Resources Officer (CHRO) for the company worldwide, while also making her a member of the Uponor Executive Committee. The appointment, effective April 1, makes her the first leader based in North America to be named to the Executive Committee in a non-presidential role.
Based at the Apple Valley headquarters, Hauschildt has been serving as Vice President Human Resources for the North American division since June 2019. Now reporting to Michael Rauterkus, President and CEO, Uponor Corporation, she will continue to work from Minnesota. Hauschildt will travel worldwide, as needed, to establish working relationships across the entire Uponor organization and move key initiatives forward.
"I warmly welcome Jennifer to this new position on our Uponor Executive Committee," says Rauterkus. "She brings excellent organization and high-performance culture development skills, as well as extensive HR experience to the role. I am happy we found her internally, demonstrating our strong in-house experience and talent. Her capabilities and leadership are a great fit for driving the next phase of Uponor's People First agenda."
Hauschildt began her career at Uponor in 2014 as Vice President, IT, at Uponor North America. Prior to joining the company, she worked 20 years at Thomson Reuters and held various leadership positions in human resources, talent development, diversity and IT. She holds a bachelor's degree in mathematics and a master's in business administration.
"In her new role, Jen will be responsible for ensuring alignment between our business strategy and driving a People First culture globally," says John Reutter, Interim President and VP of Finance for Uponor North America. "Her appointment to the Executive Committee perfectly demonstrates our Flexible First working culture, in that It signifies that no matter where an employee is based, there are opportunities for career advancement at Uponor."
Reutter also announced that Erica Amevo, Director of Human Resources at Uponor North America, will assume the role of interim vice president of Human Resources for the division, while a search begins for Hauschildt's permanent replacement. Amevo will report to Reutter and serve on the Senior Management Committee.
"I am excited not only to take on this new role, but also for the importance Uponor is placing on moving our People First culture forward," says Hauschildt. "Our people are our most important asset, and the People First agenda reflects that commitment."
Note: As of April 1, Uponor Corporation's Executive Committee will consist of the following members: Michael Rauterkus, John Reutter and Jennifer Hauschildt, as well as Markus Melkko, CFO; Karsten Hoppe, President, Building Solutions – Europe; and Sebastian Bondestam, President, Uponor Infra.
To learn more about Uponor, click here. To download high-res photography, visit https://uponor.greenhousedigitalpr.com/jennifer-hauschildt/.
© 2022 Uponor Inc.
Uponor is a trademark of Uponor Corporation and Uponor Inc.
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https://www.wafb.com/prnewswire/2022/03/31/veris-residential-announces-executive-appointments/
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Jeff Turkanis Named Chief Investment Officer
Taryn Fielder Named General Counsel
JERSEY CITY, N.J., March 31, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE), a forward-thinking, environmentally- and socially-conscious REIT that primarily owns, operates, acquires, and develops Class A multifamily properties, today announced two executive appointments designed to further support the company's transition into a pure-play multifamily REIT and drive long-term shareholder value.
Jeff Turkanis, former Head of U.S. Residential at Oxford Properties Group, has been appointed Chief Investment Officer, succeeding Ricardo Cardoso, effective April 4, and Taryn Fielder, former General Counsel at WashREIT, has been appointed General Counsel, succeeding Gary Wagner, effective April 18. Messrs. Cardoso and Wagner will be leaving the company to pursue other opportunities following a transition period.
Mahbod Nia, Chief Executive Officer of Veris Residential, said, "We are pleased to welcome Jeff and Taryn to Veris Residential as we continue to strengthen our team with top professionals who have significant experience working across private and publicly traded residential real estate. Jeff's intricate knowledge of the residential sector and impressive track record of sourcing and executing strategic investments, coupled with Taryn's breadth of experience that includes providing strategic advice for a variety of complex real estate transactions, will be invaluable as we continue our transition to a pure-play multifamily REIT.
"Importantly, I would like to thank Ricardo and Gary for their decades of dedicated service to Veris Residential and wish them all the best as they explore the next chapter of their careers."
Mr. Turkanis' extensive real estate investment experience includes over $15 billion in transactions concluded primarily across the office and residential sectors. He has been focused specifically on the residential sector (predominantly multifamily) for the past 8 years, closing over $4 billion in transactions during this time. As Chief Investment Officer, he will be responsible for overseeing the sale of non-strategic assets, identifying potential value enhancement opportunities within Veris Residential's existing portfolio, and sourcing potential new investment opportunities. Prior to his more than decade-long tenure at Oxford Properties Group, Mr. Turkanis held roles at Putnam Investments and Fortress Investment Group. He earned a BBA from Washington University in St. Louis and an MBA, Real Estate from Columbia Business School.
Ms. Fielder has significant experience providing legal counsel for capital market transactions, as well as securities, corporate governance, and regulatory compliance matters. Prior to WashREIT, she served as Senior Vice President and General Counsel for ASB Real Estate Investments and was Assistant General Counsel for publicly-traded REIT DiamondRock Hospitality Company. Earlier in her career, she worked in the Real Estate Group at Hogan Lovells, and practiced corporate and real estate law with Simpson, Thacher and Bartlett LLP. Ms. Fielder earned a BA summa cum laude from Eckerd College and her JD from Harvard Law School.
In connection with the hiring of Ms. Fielder and Mr. Turkanis, and also in connection with the previous hiring of Ms. Amanda Lombard as Chief Accounting Officer, who will assume the role of Chief Financial Officer on April 1, 2022, Veris Residential is also announcing, as required by New York Stock Exchange Listed Company Manual Rule 303A.08, equity awards to be made to those three executives as a material inducement to their entering into employment with the company. All of the awards were approved by the Compensation Committee of the Veris Residential Board of Directors and will be made effective April 18, 2022, or such later date as the Chair of the Compensation Committee may determine. The awards to Ms. Lombard and Ms. Fielder are each in the form of restricted stock units; Mr. Turkanis will receive a restricted stock unit award and a stock option award.
The restricted stock unit award to Ms. Lombard will have a grant date fair value of $150,000 and will generally vest ratably on each of the first three anniversaries of the date of grant. The restricted stock unit award to Ms. Fielder will have a grant date fair value of $400,000 and will generally vest 60% on December 31, 2022, 20% on December 31, 2023 and 20% on the third anniversary of the date of grant. The restricted stock unit award to Mr. Turkanis will have a grant date fair value of $425,000 and will generally vest 50% on the first anniversary of the date of grant and 25% on each of the next two anniversaries of the grant date. The option grant to Mr. Turkanis will cover 250,000 shares, have an exercise price equal to the closing price of the underlying stock on the date of grant, generally vest and become exercisable ratably on each of the first three anniversaries of the date of grant, and have a maximum six-year term. All of the awards are subject to accelerated vesting in certain circumstances. The awards will all be made outside of Veris Residential's existing 2013 Incentive Stock Plan but will be subject to terms and conditions generally consistent with those in that plan, other than with respect to such terms and conditions intended to comply with the NYSE inducement award exception.
About Veris Residential, Inc.
Veris Residential, Inc. is a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, acquires, and develops holistically-inspired, Class A multifamily properties that meet the sustainability-conscious lifestyle needs of today's residents while seeking to positively impact the communities it serves and the planet at large. The company is guided by an experienced management team and Board of Directors and is underpinned by leading corporate governance principles, a best-in-class and sustainable approach to operations, and an inclusive culture based on equality and meritocratic empowerment. For additional information on Veris Residential, Inc. and our properties available for lease, please visit http://www.verisresidential.com/.
For Veris Residential:
Amanda Shpiner/Grace Cartwright
Gasthalter & Co.
212-257-4170
veris-residential@gasthalter.com
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https://www.wafb.com/prnewswire/2022/03/31/veteran-dallas-lawyer-dick-sayles-achieves-national-board-certification-civil-trial-law/
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Only approximately 3% of American lawyers are board certified
DALLAS, March 31, 2022 /PRNewswire/ -- Bradley Arant Boult Cummings is pleased to announce that partner Dick Sayles has earned National Board Certification as a trial lawyer advocate by The National Board of Trial Advocacy (NBTA).
National Board Certification is the highest, most stringent and most reliable honor an attorney can achieve. Board certifications are the only distinctions awarded by non-profit organizations. The NBTA as well as all board-certifying organizations are committed to safeguarding the public's ability to choose a good attorney.
Mr. Sayles has been board certified in Texas for more than 30 years in both civil trial law and personal injury trial law, and now has the honor of being nationally recognized for his dedication to the legal profession. The extensive screening that NBTA board certified attorneys must complete includes demonstrating substantial trial experience, submission of judicial and peer references, attendance in continuing legal education courses, submission of legal writing documents, proof of good standing and passing of an examination.
The NBTA was formed out of a strong conviction that both the law profession and its clients would benefit from an organization designed specifically to create an objective set of standards illustrating an attorney's experience and expertise in the practice of trial law.
Mr. Sayles has been honored as the Dallas Bar Association's Trial Lawyer of the Year and recognized by Benchmark Litigation and The Best Lawyers in America®. He is a Fellow in the American College of Trial Lawyers, the International Academy of Trial Lawyers, and the International Society of Barristers. Mr. Sayles also was featured in Texas Lawbook's "Lions of the Texas Bar" and has been selected among the Texas Super Lawyers "Top 10 Lawyers in Texas" multiple times. Mr. Sayles was previously recognized in the 2020 edition of the Lawdragon 500 Leading Lawyers in America and the Lawdragon's Hall of Fame.
About Bradley
Bradley combines skilled legal counsel with exceptional client service and unwavering integrity to assist a diverse range of corporate and individual clients in achieving their business goals. With offices in Alabama, Florida, Mississippi, North Carolina, Tennessee, Texas, and the District of Columbia, the firm's nearly 600 lawyers represent clients worldwide in a wide range of professions, including financial services, healthcare, construction, technology, energy, insurance, and many others.
Media Contact:
Alyssa Woulfe
800-559-4534
alyssa@androvett.com
View original content:
SOURCE Bradley Arant Boult Cummings LLP
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https://www.wafb.com/prnewswire/2022/03/31/waste-management-workers-simi-valley-ratify-first-contract-with-teamsters-local-186/
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Agreement Contains Substantial Wage, Benefit Increases
SIMI VALLEY, Calif., March 31, 2022 /PRNewswire/ -- After nine months of negotiations, workers at Waste Management, Inc. (WMI) in Simi Valley, Calif. have voted by a 97 percent margin to ratify their first contract with Teamsters Local 186.
"These workers were tired of the harassment and mistreatment from management, so they fought hard to organize and then they fought hard for a collective bargaining agreement," said Abel Garcia, Local 186 Secretary-Treasurer. "This was a long, tough fight but we overcame the company's stall tactics. The WMI Negotiating Committee hammered out the issues and stuck together throughout the process. It's a great first contract."
The contract includes a number of substantial improvements, including significant annual wage increases, overtime guarantees, pension contributions, and a better, more affordable union health care plan.
Juan Moreno, a residential driver who has been with WMI for over 24 years, served on the union negotiating committee and is proud to be working under a strong Teamster contract.
"With the union, work is better for everyone," said Moreno. "The pay is better, they have to treat us better, and now we have the confidence to talk about our problems and concerns. My wife is in a union, so I've seen how other people in a union are at work. They're much happier, much less stressed on the job."
Teamsters Local 186 represents workers in a wide variety of industries throughout Ventura County and the surrounding communities. For more information, go to https://www.teamsterslocal186.org/.
Contact:
Dan Moskowitz, (770) 262-4971
dmoskowitz@teamster.org
View original content to download multimedia:
SOURCE Teamsters Local 186
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https://www.wafb.com/prnewswire/2022/03/31/west-fraser-timber-co-ltd-notice-first-quarter-results-conference-call/
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VANCOUVER, BC, March 31, 2022 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) will hold an analysts' conference call to discuss first quarter 2022 financial and operating results on Friday, April 29, 2022 at 8:30 a.m. Pacific Time/11:30 a.m. Eastern Time.
To participate in the call, please dial: 1-888-390-0605 (Toll-free North America) or (416) 764-8609 (Toll number) or connect on the webcast.
Please let the operator know you wish to participate in the West Fraser conference call chaired by Mr. Ray Ferris, President and Chief Executive Officer.
Following management's discussion of the quarterly results, the analyst community will be invited to ask questions.
The call will be recorded for webcasting purposes and will be available on our website at www.westfraser.com. West Fraser's first quarter 2022 financial and operating results will be released on Thursday, April 28, 2022.
West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. From responsibly sourced and sustainably managed forest resources, the Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy. West Fraser's products are used in home construction, repair and remodelling, industrial applications, papers, tissue, and box materials.
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SOURCE West Fraser Timber Co. Ltd.
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https://www.wafb.com/prnewswire/2022/03/31/wheaton-precious-metals-provides-details-annual-special-meeting-shareholders-files-form-40-f/
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TSX | NYSE | LSE: WPM
VANCOUVER, BC, March 31, 2022 /PRNewswire/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") announces that its Form 40-F report has been filed with the Securities and Exchange Commission and is available on EDGAR. The Company's 2021 audited financial statements, along with its Form 40-F, are also available on the Company's website at www.wheatonpm.com.
Shareholders may also receive a copy of Wheaton's audited financial statements, without charge, upon request to Wheaton's Investor Relations Department, Suite 3500, 1021 West Hastings St., Vancouver, British Columbia, Canada V6E 0C3 or to info@wheatonpm.com.
Annual and Special Meeting of Shareholders
Wheaton is scheduled to hold its Annual and Special Meeting of Shareholders (the "Meeting") at the offices of Cassels, Brock & Blackwell LLP, Suite 2200 HSBC Building, 885 West Georgia Street, Vancouver, British Columbia, Canada, on Friday, May 13, 2022, at 10:30 a.m. Pacific Time.
The Board recognizes the importance of in-person engagement with its shareholders, while also being mindful of the health and safety of Wheaton's shareholders, employees and community. As a result, for this year's Meeting, Wheaton will once again provide an online virtual Meeting platform and encourages shareholders to participate in the Meeting using this online platform.
All shareholders participating in our online virtual Meeting platform will be able to listen to the Meeting live, ask questions online, and for registered shareholders or proxyholders (including non-registered shareholders who have appointed themselves as proxyholder), submit votes in real time.
Registered shareholders and duly appointed proxyholders who wish to participate in the online virtual Meeting may do so:
- from their computer, by entering the following URL in their browser: https://web.lumiagm.com/285841977;
- from their mobile device by either:
- entering the following URL in their browser: https://web.lumiagm.com/285841977; or
- or by using the Lumi AGM app, which is available by downloading the app from the Apple App Store or Google Play Store.
- entering the following URL in their browser: https://web.lumiagm.com/285841977; or
If you choose to participate in the online virtual Meeting as a registered shareholder, you can log in to into the Meeting by:
- Entering the meeting ID for the Meeting, which is: 285841977
- Selecting "I am a shareholder/proxy"
- Clicking "I have a control number" and entering your valid control number
- Entering the password for the Meeting, which is: wheaton2022 (case sensitive)
Guests, including Beneficial Shareholders who have not duly appointed themselves as a proxyholder, can log in to into the Meeting by clicking "I am a guest" and completing the online form. Guests will be able to listen to the Meeting, but will not be able to ask questions or vote.
Important technical reminders for joining the meeting and voting instructions will be made available on the Company's website at www.wheatonpm.com, in the 'investors' section under the 'annual general meeting' tab.
While Wheaton is encouraging our shareholders to participate in our online virtual meeting platform, anyone who nevertheless wishes to attend the Meeting in person must pre-register via email to WheatonAGM2022@wheatonpm.com by 10:30am May 11, 2022 (PST) so that the Company can facilitate physical distancing and other precautions to ensure the health and safety of all attendees.
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SOURCE Wheaton Precious Metals Corp.
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https://www.wafb.com/prnewswire/2022/03/31/zenvia-files-its-annual-report-form-20-f-fiscal-year-2021/
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SÃO PAULO, March 31, 2022 /PRNewswire/ -- ZENVIA Inc. ("ZENVIA" or "Company") (NASDAQ: ZENV), a customer experience communications platform that empowers businesses to create unique journeys for their end-customers along their life cycle, announced today that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission. The annual report, the first one issued by Zenvia since the IPO in July 2021, can be accessed on the Company's investor relations website at http://investors.zenvia.com or at http://www.sec.gov.
The Company will provide shareholders a hard copy of its annual report containing the audited consolidated financial statements, free of charge, upon request. Requests should be directed to the Investor Relations Department through the email ir@zenvia.com.
About ZENVIA
ZENVIA is driven by the purpose of empowering companies to create unique experiences for customer communications through its unified end-to-end platform. ZENVIA empowers companies to transform their existing customer communications from non-scalable, physical, and impersonal interactions into highly scalable, digital first and hyper contextualized experiences across the customer journey. ZENVIA's unified end-to-end CX communications platform provides a combination of (i) SaaS focused on campaigns, sales teams, customer service and engagement, (ii) tools, such as software application programming interfaces, or APIs, chatbots, single customer view, journey designer, documents composer and authentication and (iii) channels, such as SMS, Voice, WhatsApp, Instagram and Webchat. Its comprehensive platform assists customers across multiple use cases, including marketing campaigns, customer acquisition, customer onboarding, warnings, customer services, fraud control, cross-selling and customer retention, among others. ZENVIA's shares are traded on Nasdaq, under the ticker ZENV.
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Zenvia's control.
Zenvia's actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: our ability to innovate and respond to technological advances, changing market needs and customer demands, our ability to successfully acquire new businesses as customers, acquire customers in new industry verticals and appropriately manage international expansion, substantial and increasing competition in our market, compliance with applicable regulatory and legislative developments and regulations, the dependence of our business on our relationship with certain service providers, among other factors.
Contacts
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SOURCE Zenvia
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https://www.wafb.com/prnewswire/2022/04/01/51job-inc-reports-fourth-quarter-fiscal-year-2021-financial-results/
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SHANGHAI, March 31, 2022 /PRNewswire/ -- 51job, Inc. (Nasdaq: JOBS) ("51job" or the "Company"), a leading provider of integrated human resource services in China, announced today its unaudited financial results for the fourth quarter and fiscal year of 2021 ended December 31, 2021.
Fourth Quarter 2021 Financial Highlights:
- Net revenues increased 15.7% over Q4 2020 to RMB1,345.2 million (US$211.1 million)
- Online recruitment services revenues increased 12.0%
- Other human resource related revenues increased 19.0%
- Income from operations was RMB304.6 million (US$47.8 million)
- Fully diluted earnings per share was RMB5.23 (US$0.82)
- Non-GAAP adjusted fully diluted earnings per share[1] was RMB5.99 (US$0.94)
Fiscal Year 2021 Financial Highlights:
- Net revenues increased 19.8% from 2020 to RMB4,420.4 million (US$693.7 million)
- Online recruitment services revenues increased 11.6%
- Other human resource related revenues increased 31.3%
- Income from operations was RMB551.3 million (US$86.5 million)
- Fully diluted earnings per share was RMB9.40 (US$1.47)
- Non-GAAP adjusted fully diluted earnings per share was RMB13.12 (US$2.06)
Fourth Quarter 2021 Unaudited Financial Results
Net revenues for the fourth quarter ended December 31, 2021 were RMB1,345.2 million (US$211.1 million), an increase of 15.7% from RMB1,163.1 million for the same quarter in 2020.
Online recruitment services revenues for the fourth quarter of 2021 increased 12.0% to RMB617.7 million (US$96.9 million) compared with RMB551.6 million for the same quarter in 2020, primarily due to an improvement in hiring sentiment, demand and activity from employers in 2021.
Other human resource related revenues for the fourth quarter of 2021 increased 19.0% to RMB727.5 million (US$114.2 million) from RMB611.5 million for the same quarter in 2020. The growth was primarily driven by robust employer demand for seasonal campus recruitment, business process outsourcing and training services in 2021.
Cost of services for the fourth quarter of 2021 increased 29.1% to RMB535.2 million (US$84.0 million) from RMB414.5 million for the same quarter in 2020, primarily due to higher employee compensation expenses, headcount additions and greater direct costs, such as venue rental, media production and technology support, incurred in providing campus recruitment services to employers. Gross profit for the fourth quarter of 2021 increased 8.2% to RMB810.0 million (US$127.1 million) from RMB748.6 million for the same quarter in 2020. Gross margin, which is gross profit as a percentage of net revenues, was 60.2% in the fourth quarter of 2021 compared with 64.4% for the same quarter in 2020.
Operating expenses for the fourth quarter of 2021 increased 28.9% to RMB505.4 million (US$79.3 million) from RMB392.0 million for the same quarter in 2020. Sales and marketing expenses for the fourth quarter of 2021 increased 34.3% to RMB403.6 million (US$63.3 million) from RMB300.6 million for the same quarter in 2020, primarily due to higher employee compensation expenses, staff additions and greater spending on advertising and brand awareness campaigns. Advertising and promotion expenses increased 27.7% to RMB90.0 million (US$14.1 million) for the fourth quarter of 2021 from RMB70.5 million for the same quarter in 2020.
General and administrative expenses for the fourth quarter of 2021 increased 11.3% to RMB101.8 million (US$16.0 million) from RMB91.4 million for the same quarter in 2020, primarily due to higher employee compensation expenses
Income from operations for the fourth quarter of 2021 was RMB304.6 million (US$47.8 million) compared with RMB356.6 million for the fourth quarter of 2020. Operating margin, which is income from operations as a percentage of net revenues, was 22.6% for the fourth quarter of 2021 compared with 30.7% for the same quarter in 2020. Excluding share-based compensation expense, operating margin would have been 24.9% for the fourth quarter of 2021 compared with 33.7% for the same quarter in 2020.
The Company recognized a loss from foreign currency translation of RMB10.9 million (US$1.7 million) in the fourth quarter of 2021 compared with RMB33.9 million in the fourth quarter of 2020, primarily due to the impact of the change in exchange rate between the Renminbi and the U.S. dollar on the Company's U.S. dollar cash deposits.
The Company recognized a mark-to-market, non-cash loss of RMB10.7 million (US$1.7 million) in the fourth quarter of 2021 compared with RMB9.4 million in the fourth quarter of 2020 associated with a change in fair value of listed equity securities investment in Huali University Group Limited, which is traded on the Hong Kong Stock Exchange. The Company also recognized RMB3.4 million (US$0.5 million) in professional services fees and administrative expenses related to the proposed going-private transaction in the fourth quarter of 2021.
Other income in the fourth quarter of 2021 included local government financial subsidies of RMB98.6 million (US$15.5 million) compared with RMB14.9 million in the fourth quarter of 2020.
Net income attributable to 51job for the fourth quarter of 2021 was RMB355.2 million (US$55.7 million) compared with RMB342.0 million for the same quarter in 2020. Fully diluted earnings per share for the fourth quarter of 2021 was RMB5.23 (US$0.82) compared with RMB5.01 for the same quarter in 2020.
In the fourth quarter of 2021, total share-based compensation expense was RMB29.9 million (US$4.7 million) compared with RMB35.0 million in the fourth quarter of 2020.
Excluding share-based compensation expense, loss from foreign currency translation and change in fair value of listed equity securities investment, as well as the related tax effect of these items, non-GAAP adjusted net income attributable to 51job for the fourth quarter of 2021 was RMB406.7 million (US$63.8 million) compared with RMB420.1 million for the fourth quarter of 2020. Non-GAAP adjusted fully diluted earnings per share was RMB5.99 (US$0.94) in the fourth quarter of 2021 compared with RMB6.16 in the fourth quarter of 2020.
Fiscal Year 2021 Unaudited Financial Results
Net revenues in 2021 were RMB4,420.4 million (US$693.7 million), an increase of 19.8% from RMB3,689.0 million in 2020
Online recruitment services revenues in 2021 increased 11.6% to RMB2,396.2 million (US$376.0 million) from RMB2,147.3 million in 2020. The increase was primarily due to the improvement in business activity and more recruitment needs of employers in China in 2021.
Other human resource related revenues in 2021 increased 31.3% to RMB2,024.2 million (US$317.6 million) from RMB1,541.6 million in 2020, primarily due to resilient customer demand and usage of the Company's training, campus recruitment, placement and business process outsourcing services.
Cost of services in 2021 increased 32.9% to RMB1,676.7 million (US$263.1 million) from RMB1,261.7 million in 2020, primarily due to higher employee compensation expenses and headcount additions. Gross profit in 2021 increased 13.0% to RMB2,743.7 million (US$430.5 million) from RMB2,427.2 million in 2020. Gross margin was 62.1% in 2021 compared with 65.8% in 2020.
Income from operations in 2021 decreased 36.4% to RMB551.3 million (US$86.5 million) from RMB867.1 million in 2020, primarily due to the significant increase in sales and marketing expenses in 2021. Operating margin was 12.5% in 2021 compared with 23.5% in 2020. Excluding share-based compensation expense, operating margin would have been 15.9% in 2021 compared with 27.4% in 2020.
Net income attributable to 51job in 2021 was RMB640.7 million (US$100.5 million) compared with RMB1,097.3 million in 2020. Fully diluted earnings per share in 2021 was RMB9.40 (US$1.47) compared with RMB16.12 in 2020.
Excluding share-based compensation expense, loss from foreign currency translation, and changes in fair value of listed equity securities investment and long-term investment, as well as the related tax effect of these items, non-GAAP adjusted net income attributable to 51job in 2021 was RMB894.4 million (US$140.4 million) compared with RMB1,243.9 million in 2020. Non-GAAP adjusted fully diluted earnings per share was RMB13.12 (US$2.06) in 2021 compared with RMB18.28 in 2020.
As of December 31, 2021, cash and short-term investments totaled RMB10,587.0 million (US$1,661.3 million) compared with RMB10,761.9 million as of December 31, 2020.
Currency Convenience Translation
For the convenience of readers, certain Renminbi amounts have been translated into U.S. dollar amounts at the rate of RMB6.3726 to US$1.00, the noon buying rate on December 30, 2021 in New York for cable transfers of Renminbi as set forth in the H.10 weekly statistical release of the Federal Reserve Board.
Use of Non-GAAP Financial Measures
To supplement the consolidated financial statements presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), 51job uses non-GAAP financial measures of income before income tax expense, income tax expense, adjusted net income, adjusted net income attributable to 51job and adjusted earnings per share, which are adjusted from results based on GAAP to exclude share-based compensation expense, loss from foreign currency translation and changes in fair value of listed equity securities investment and long-term investment, as well as the related tax effect of these items. The Company believes excluding share-based compensation expense and its related tax effect from its non-GAAP financial measures is useful for its management and investors to assess and analyze the Company's core operating results as such expense is not directly attributable to the underlying performance of the Company's business operations and do not impact its cash earnings. The Company believes excluding loss from foreign currency translation and changes in fair value of listed equity securities investment and long-term investment, as well as the related tax effect, from its non-GAAP financial measures is useful for its management and investors as such translation, mark-to-market gain or loss is not indicative of the Company's core business operations and will not result in cash settlement nor impact the Company's cash earnings. 51job also believes these non-GAAP financial measures excluding share-based compensation expense, loss from foreign currency translation and changes in fair value of listed equity securities investment and long-term investment, as well as the related tax effect of these items, are important in helping investors to understand the Company's current financial performance and future prospects and to compare business trends among different reporting periods on a consistent basis. The presentation of these additional measures should not be considered a substitute for or superior to GAAP results or as being comparable to results reported or forecasted by other companies. The non-GAAP measures have been reconciled to GAAP measures in the attached financial statements.
About 51job
Founded in 1998, 51job is a leading provider of integrated human resource services in China. With a comprehensive suite of HR solutions, 51job meets the needs of enterprises and job seekers through the entire talent management cycle, from initial recruitment to employee retention and career development. The Company's main online recruitment platforms (http://www.51job.com, http://www.yingjiesheng.com, http://www.51jingying.com, http://www.lagou.com, and http://www.51mdd.com), as well as mobile applications, connect millions of people with employment opportunities every day. 51job also provides a number of other value-added HR services, including business process outsourcing, training, professional assessment, campus recruitment, executive search and compensation analysis. 51job has a call center in Wuhan and a nationwide network of sales and service locations spanning more than 30 cities across China.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "targets," "confident" and similar statements. Among other things, statements that are not historical facts, including statements about 51job's beliefs and expectations, as well as 51job's strategic and operational plans, are or contain forward-looking statements. 51job may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. All forward-looking statements are based upon management's expectations at the time of the statements and involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: execution of 51job's strategies and business plans; growth and trends of the human resource services industry in China; market acceptance of 51job's products and services; competition in the industry; 51job's ability to control costs and expenses; 51job's ability to retain key personnel and attract new talent; relevant government policies and regulations relating to 51job's industry, corporate structure and business operations; seasonality in the business; fluctuations in the value of the Renminbi against the U.S. dollar and other currencies; risks related to acquisitions or investments 51job has made or will make in the future; accounting adjustments that may occur during the quarterly or annual close or auditing process; and fluctuations in general economic and business conditions in China and globally, including the impact of the coronavirus or other pandemic. Further information regarding these and other risks are included in 51job's filings with the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release and based on assumptions that 51job believes to be reasonable as of this date, and 51job undertakes no obligation to update any forward-looking statement, except as required under applicable law.
Contact
Investor Relations, 51job, Inc.
Tel: +86-21-6879-6250
Email: ir@51job.com
View original content:
SOURCE 51job
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https://www.wafb.com/prnewswire/2022/04/01/conscious-clothing-brand-spreads-hope-phoenix/
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PHOENIX, March 28, 2022 /PRNewswire/ -- "Hope is there, you just have to open your eyes to see it." LaRoie S. Davis was raised in a family-oriented neigborhood in South Phoenix that has seen its fair share of challenges over the years. Though hard times and challenges continued, it was through his faith in God that he realized there was a purpose to life. Despite his circumstances, he always had hope. Today, he continues to be fueled by the value of our individual purpose. Through this, and the success he achieved in life, he was inspired to launch the conscious clothing company Small Give Big Hope. The goal of the clothing brand is to spread the message that you, the community, and your faith matters.
The Davis Community Wellness Foundation (DCWF) is hosting a private fundraising event to introduce the new brand. With conscious thought-provoking designs, the Small Give Big Hope merchandise funds DCWF's Mission: to foster hope in communities affected by challenging circumstances, through support, education and awareness.
The invite-only launch event will be held at the Heritage at Sportsman's Park in Glendale on April 9, 2022 at 6:00pm, and features a cocktail hour, dinner, runway show and fireworks.
LaRoie S. Davis, founder of the foundation, says, "This brand has a message for everyone, and the Davis Community Wellness Foundation has a vision to empower communities to find hope and build resilience.
Through collaborative efforts with community leaders and organizations, this Phoenix-bred social enterprise will provide assistance to those looking for a glimmer of hope, freedom, and purpose.
Local media are invited to attend the event and can RSVP their attendance by emailing Cheryl James via the contact information above.
Small Give Big Hope is the fundraising initiative of Davis Community Wellness Foundation, a 501c3 nonprofit organization, empowering communities to find hope and build resilience. We design apparel to raise awareness of, and attention to, a lifestyle of action and opportunities for a better life. We believe in dreaming beyond your current limitations, and then taking the steps to make that a reality. When you make a purchase, you join a movement. Purchase merchandise and learn more at www.SmallGiveBigHope.com.
View original content:
SOURCE Davis Community Wellness Foundation
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https://www.wafb.com/prnewswire/2022/04/01/f-factor-announces-hiring-hugh-dever-chief-operating-officer/
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NEW YORK, March 31, 2022 /PRNewswire/ -- F-Factor, a leading dietitian-created program for weight loss and optimal health based on fiber-rich nutrition, announced the hiring of Hugh Dever to the role of Chief Operating Officer, reporting directly to Chief Executive Officer Tanya Zuckerbrot MS, RD.
"I feel honored to join an organization that has helped thousands of people lose weight and improve their health with a scientific, liberating, and sustainable approach." said Mr. Dever. "I am looking forward to working with Tanya, our Registered Dietitians, and the entire team to bring the F-Factor approach and products to more people."
Mr. Dever has nearly 30 years of experience in the consumer-packaged goods and consumer services industries. Prior to F-Factor, he was V.P. of Strategy, Marketing, and Innovation for CEA Fresh Farms, a start-up developing environmentally sustainable solutions to growing, harvesting and delivering fresher and healthier produce to consumers looking for locally produced products. Mr. Dever has previously held brand and general management roles at Procter and Gamble, Weight Watchers International and Chiquita/Fresh Express.
"We are excited for Hugh Dever to join our leadership team and F-Factor to benefit from his impressive experience in the wellness space," said Tanya Zuckerbrot, MS, RD, CEO of F-Factor. "Hugh will be integral to F-Factor's continued growth with a focus on expanding our portfolio of high-fiber/high-protein products, our service business and scaling our digital capabilities."
About F-Factor
Fad diets come and go, but after more than two decades of success stories and ongoing praise from the media, The F-Factor Diet has stood the test of time. Now hailed as the go-to lifestyle program for anyone who wants to improve their health and lose weight for good, F-Factor's scientifically proven approach allows you to see results without hunger, deprivation, or denial. Change your life without disrupting your lifestyle: dine out, drink alcohol, eat carbs, and work out less from Day 1.
The F-Factor Program has been endorsed by numerous physicians and dietitians, including Dr. Jerome Zacks, Assistant Clinical Professor at the Mount Sinai Medical Center: "The F-Factor Diet is packed with critical facts that form the foundation for a knowledge-based approach to lifestyle nutritional success. Tanya's scholarly approach is a gift that gives forever. Her contribution to preventative health care is immeasurable."
To learn more about the F-Factor Program, the bestselling F-Factor Diet Book, and F-Factor products, visit our website at www.ffactor.com, or follow us on Instagram, Facebook and Twitter.
About Tanya Zuckerbrot
Tanya Zuckerbrot, MS, RD, is an internationally-known dietitian, a two-time bestselling author, and the creator and CEO of the renowned F-Factor Diet—a liberating and sustainable approach to weight loss and optimal health based on scientifically proven fiber-rich nutrition. Zuckerbrot has worked in private practice for more than 20 years and has advised thousands of clients, including celebrities, business and government leaders and media personalities to improve their health and manage their weight through nutrition.
Zuckerbrot holds a master's degree in Nutrition and Food Studies from New York University; is an accredited member of the American Dietetic Association, the Greater New York Dietetic Association, and the American Association for Diabetes Educators; and is a member of the National Association of Professional Women. Zuckerbrot holds a Commission of Dietetic Registration (CDR) Certificate of Training in Adult Weight Management as well as a CDR Certificate of Training in Childhood and Adolescent Weight Management.
Media Contact: Abigail Gannon
Agannon@ffactor.com
646.442.3904
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SOURCE F-FACTOR. LLC
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https://www.wafb.com/prnewswire/2022/04/01/pantene-celebrates-transgender-visibility-latin-america/
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Short Film Chronicles the Quinceañera Dream of One Woman
NEW YORK, March 31, 2022 /PRNewswire/ -- Marking International Transgender Day of Visibility, Pantene today released a documentary-style short film chronicling the Quinceañera of a transgender woman, Isa, denied one as a teenager. Longtime agency Grey New York created the campaign.
Against great odds (see stats), from job discrimination to systemic violence, transgender women have made significant progress in Latin America, holding elective office and as business leaders.
People begin understanding their gender identity as early as three years old. But many transgender people don't know or share this about their gender until later in life due to safety and issues of cultural acceptance.
"It doesn't matter when or at what age someone knows who they are, whether at 15 or 44. Whenever they feel comfortable being themselves and sharing that truth is a moment to celebrate," said Martina Brubacher, Director of Communications for Pantene for Latin America, "As a brand, we know the power of hair and how it can be a statement for expressing one's true self, so it's important for us to feature stories like Isa's, a transgender woman who celebrates her journey."
The Quinceañera is a dream come true for many Latina girls as they turn fifteen. But this rite of passage to womanhood, celebrated by family and community, has often excluded transgender women from this cultural milestone.
Pantene has partnered with Isa, a transgender woman in her forties, to give her the Quinceañera she never had. The film tells her poignant story and follows her preparations leading up to and including the day with her friends and family. (Link to the film)
"For all the times I had to hide my identity and deny my existence - today I say, I am here. I am Isa," said Isa
The integrated digitally-led campaign includes online video, social media, influencers, and public relations. The brand once again worked with GLAAD, which accelerates the acceptance and inclusion of LGBTQIA+ people by sharing stories and accessing all forms of media to uplift members of the community.
"The team chose to launch this film on International Day of Trans Visibility – to inspire every young transgender person. Anything is possible; happiness and acceptance is something everyone deserves," said Javier Bonilla, Executive Creative Director at Grey.
Please see statistics on the challenges transgender people face:
- Since Statista started collecting data, 2021 is the year with the highest number of deaths of transgender and gender-diverse people, with 375 murders recorded between October 1, 2020, and September 30, 2021. Most of the murders took place in Brazil (125), Mexico (65), Honduras (53), and the United States (53).
- According to the data reported by Sin Violencia LGBTI, between the years 2014 and 2020, 1403 people from the LGBTI community were murdered for reasons related to prejudice against their sexual orientation or gender identity.
- 94% of the transgender population In Brazil reports suffering some form of violence motivated by discrimination due to their gender identity
- 175 transgender people were murdered in Brazil in 2020, 41% more than in 2019 (the country leads the ranking of murders of trans people in the world)
Source
1. Roa, M. M. (2021, November 18). Infografía: Los países con más asesinatos de personas trans. Statista Infografías. Retrieved March 30, 2022, from
https://es.statista.com/grafico/23552/personas-trans-y-genero-diversas-asesinadas-yhttps://es.statista.com/grafico/23552/personas-trans-y-genero-diversas-asesinadas-y-paises-con-mas-victimas/paises-con-mas-victimas/
2.3.4 Sin Violencia LGBTI. "Des-Cifrando La Violencia En Tiempos De Cuarentena." Sin Violencia LGBT, June 2021, https://sinviolencia.lgbt/des-cifrando-la-violencia-entiempos-de-cuarentena/.
About P&G
P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit http://www.pg.com for the latest news and information about P&G and its brands. For other P&G news, visit us at www.pg.com/news.
About Grey
Grey, the global communications network, is part of AKQA Group. Its parent company is WPP (NYSE: WPP). Under the banner of "Grey Famously Effective" the agency serves a blue-chip roster of many of the world's best-known companies: Procter & Gamble, Google, Volvo, Amazon, GlaxoSmithKline, Kellogg's, Netflix, the NBA, Pfizer, YouTube, Canon, Nestlé and Applebee's. In recent years, Grey has been named ADWEEK'S "Global Agency of the Year" twice; ADVERTISING AGE's "Agency of the Year" and CAMPAIGN magazine's "Global Network of the Year" in recognition of its creative and business performance (www.grey.com).
Contact: Owen Dougherty
Owen.dougherty@grey.com
View original content to download multimedia:
SOURCE Grey
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https://www.wafb.com/prnewswire/2022/04/01/ruby-pipeline-files-reorganize-under-chapter-11-bankruptcy-code/
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HOUSTON, March 31, 2022 /PRNewswire/ -- Today, Ruby Pipeline, L.L.C. (Ruby), a natural gas pipeline joint venture between Kinder Morgan, Inc. (NYSE: KMI) and Pembina Pipeline Corporation (NYSE: PBA) that extends from Wyoming to Oregon, filed to reorganize under chapter 11 of the Bankruptcy Code in response to an upcoming debt repayment obligation. In recent months, the joint venture owners have been working diligently with Ruby's bondholders in an effort to work out a mutually satisfactory resolution. While those efforts will continue, Ruby's current financial condition necessitates this filing.
KMI will continue to operate the pipeline as chapter 11 permits daily operations to continue. Ruby's customers should notice no difference in its operations.
We will continue to keep Ruby's customers and other stakeholders informed of developments relating to Ruby's reorganization process. The voluntary petition was filed in the United States Bankruptcy Court for the District of Delaware in Wilmington. The case number is 22-10278. Additional information regarding Ruby's petition and claim procedures is available through the following website: https://cases.primeclerk.com/rubypipeline.
Important Information Relating to Forward-Looking Statements
This news release includes forward-looking statements. Generally the words "expects," "believes," anticipates," "plans," "will," "shall," "estimates," and similar expressions identify forward-looking statements, which are not historical in nature. Forward-looking statements in this news release include express or implied statements concerning the anticipated operations of Ruby and potential continued negotiations with Ruby's bondholders. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although Ruby believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize or their ultimate impact on Ruby's operations or financial condition.
Media Contact:
RubyTeam@Primeclerk.com
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SOURCE Ruby Pipeline, L.L.C.
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https://www.wafb.com/prnewswire/2022/04/01/sampp-dow-jones-indices-msci-announce-revisions-global-industry-classification-standard-gics-structure-2023/
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NEW YORK, March 31, 2022 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI"), a leading provider of financial market indices, and MSCI Inc. (MSCI), a leading provider of research-based indices and analytics, have conducted their annual review of the Global Industry Classification Standard (GICS®) structure.
The annual GICS methodology review is intended to ensure that the GICS structure continues to appropriately represent the global equity markets and, thereby, enable asset owners, asset managers and investment research specialists to make consistent global comparisons by industry. The GICS structure revision is the result of a consultation with market participants.
Based on the consultation feedback received, S&P DJI and MSCI have concluded that the proposed changes related to the reclassification of renewable energy companies and the consolidation of Diversified Banks and Regional Banks will not be implemented due to lack of market consensus. All other changes proposed in the consultation will be implemented.
The changes to the GICS structure will be implemented in GICS Direct and S&P DJI's indices after the close of business (ET) on Friday, March 17, 2023. A select list of large market capitalization companies affected by the changes will be announced no later than June 30, 2022. The full list of companies affected by these changes will be made available to clients no later than December 15, 2022. MSCI will consult with clients regarding implementation in their indexes.
The results of the consultation and changes to the GICS structure in 2023 are summarized below.
CLASSIFICATION OF RETAILERS
The retail landscape has evolved over the years as retailers are opting to pursue an omni-channel approach to sell their products rather than sticking with mainly brick-and-mortar retail or purely online channels. The demarcation between General Merchandise Stores and Department Stores has diminished as well, since both formats are comprised of retail spaces primarily selling consumer discretionary goods. Retailers that are generating a majority of revenue or earnings from consumable staple items such as food, household, and personal care products warrant a consolidation under the Consumer Staples Sector.
Market feedback concerning the proposals for retailers was generally favorable. S&P DJI and MSCI will discontinue Internet & Direct Marketing Retail and classify companies according to the nature of goods sold, merge General Merchandise Stores and Department Stores into a new Sub-Industry called Broadline Retail, shift consumable merchandise sellers to the Consumer Staples Sector, and update the GICS nomenclature for select Retail classifications by replacing the word "Stores" with "Retail".
CLASSIFICATION OF DATA PROCESSING & OUTSOURCED SERVICES
Companies classified as Data Processing & Outsourced Services offer services either customized for select industries such as human resources or travel or to diverse industries, as is the case with transaction and payment processing companies offering payment related transaction and payment processing services by connecting consumers, financial institutions, merchants, governments, digital partners, businesses, and other organizations. These support activities are closely aligned with the business support activities covered under the Industrials Sector rather than the Information Technology Sector, and with the Financials Sector in the case of payment processors.
Market feedback concerning the proposal for Data Processing & Outsourced Services was generally favorable. Data Processing & Outsourced Services Sub-Industry under the Information Technology Sector will be discontinued and will be moved to the Industrials Sector with an updated definition. In addition, transaction and payment processing companies will be reclassified to a newly created Sub-Industry called Transaction and Payment Processing Services under the Financials Sector. Payroll processing companies will be moved to the Industrials Sector under the Human Resource & Employment Services Sub-Industry with an updated definition. Companies offering travel related data processing and outsourced services will be moved to the Consumer Discretionary Sector under the Hotels, Resorts & Cruise Lines Sub-Industry.
CLASSIFICATION OF BANKS AND THRIFTS & MORTGAGE FINANCE
The Banks Industry Group comprised of Diversified Banks, Regional Banks, and Thrifts/Savings Banks has evolved over the years with respect to the geographic footprints of these businesses, the laws governing them, and the variety of services being offered. Further, Mortgage Finance, where revenue is more fee-based than interest income based, are distinct from Banks as they mainly offer mortgage finance related products & services for commercial & residential real estate properties. In order to capture these changes, it was proposed to merge Diversified Banks, Regional Banks, and Thrifts/Savings Banks into a single Sub-Industry. And it was proposed to discontinue the Thrifts & Mortgage Finance Sub-Industry under the Banks Industry Group and create a new Commercial & Residential Mortgage Finance Sub-Industry under the Diversified Financials Industry Group (to be renamed Financial Services).
Market feedback concerning the proposal for Banks was mixed, but favorable for the Thrifts & Mortgage Finance. Most clients expressed a desire to retain a distinction between Diversified Banks and Regional Banks, although they found merit in merging Thrifts and Savings Banks into an expanded Regional Banks Sub-Industry. In addition, feedback was in favor of discontinuing the Thrifts & Mortgage Finance Sub-Industry under the Banks Industry Group and creating a new Commercial & Residential Mortgage Finance Sub-Industry under the Diversified Financials Industry Group (to be renamed Financial Services). Hence, the proposal will be partially adopted. There will be no change to the Diversified Banks Sub-Industry, Thrifts/Savings banks will be merged with Regional Banks, and the change for Thrifts and Mortgage Finance Sub-Industry will be implemented as proposed.
CLASSIFICATION OF EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs)
The companies structured as REITs generally focus on distinct property types such as retail properties, data centers, telecom towers, etc., and only a small percentage of these companies invest in diverse property types.
Market feedback concerning the proposal for Equity REITs was generally favorable. Clients confirmed that there is interest in creating additional granularity for REITs to help investors track the increased specialization in the REITs space. It was proposed that Residential REITs will be split into 2 distinct Sub-Industries and Specialized REITs will be split into 5 Sub-Industries. In addition, 8 Industries for REITs and a new Industry Group for Equity REITs will be created. A new Real Estate Management & Development Industry Group and Industry will also be created. Since the consultation feedback concerning the proposals for Equity REITs was largely favorable, the changes will be implemented as proposed.
CLASSIFICATION OF TRANSPORTATION
The Trucking Sub-Industry includes a mix of companies providing cargo/goods and passenger ground transportation services. The passenger ground transportation business has evolved over the years through the development of online apps and marketplaces for taxis and on-demand ride sharing, as well as consumer bicycle and scooter rental platforms. In addition, these companies are distinct from those offering cargo/goods ground transportation services.
Market feedback supported the reasoning behind separating passenger land transportation from cargo/goods land transportation. The Trucking Sub-Industry will be split into two new Sub-Industries to be called Passenger Ground Transportation and Cargo Ground Transportation. For additional clarity, the Airlines Industry and Sub-Industry will also be renamed as Passenger Airlines to better reflect the companies classified there.
CLASSIFICATION OF RENEWABLE ENERGY COMPANIES
The consultation proposals related to the classification of renewable energy companies will not be adopted at this time. Although there is a rapid growth in investment and capacity in the renewable energy generation space that is transforming the competitive landscape of both the Energy and Utilities Sectors, with renewable energy generation sources becoming significant competitors to traditional energy source providers, feedback from clients and additional internal analysis suggests that there is not a consensus yet on how to reflect these changes in the GICS structure. It is likely that this topic will be revisited in a future structure review by S&P DJI and MSCI.
UPDATE TO GICS DEFINITION: CLASSIFICATION OF CANNABIS
The cannabis industry has expanded rapidly in recent years due to an ease in regulations and increased discovery of uses for a variety of applications. The legality of recreational usage is still inconsistent globally, whereas legal medicinal use is more widespread. Additional uses are still in a nascent stage. In addition, market feedback was also mixed and hence, the Pharmaceuticals Sub-Industry definition will not be updated at this time.
ADDITIONAL UPDATES IN SELECT GICS INDUSTRY AND SUB-INDUSTRY NAMES
Various GICS Industry and Sub-Industry names will be updated to increase clarity and consistency across the GICS structure, in addition to above changes.
The new GICS structure will consist of 11 Sectors, 25 Industry Groups, 74 Industries and 163 Sub-Industries.
For a detailed document covering the upcoming changes, please visit S&P Dow Jones Indices' web site at www.spdji.com and MSCI's web site at www.msci.com.
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji.
For more information:
S&P Dow Jones Indices:
Index_services@spglobal.com
Media Inquiries:
spdji_communications@spglobal.com
ABOUT MSCI
MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process.
For more information, visit us at www.msci.com
Sam Wang +1 212 804 5244
Melanie Blanco +1 212 981 1049
Laura Hudson +44 20 7336 9653
EMEA Client Service + 44 20 7618.2222
Americas Client Service +1 888 588 4567 (toll free)
Asia Pacific Client Service + 852 2844 9333
NOTICE AND DISCLAIMER
This document has been prepared by MSCI and S&P Dow Jones Indices LLC and its affiliates ("S&P Dow Jones Indices") solely for informational purposes. All of the information contained herein, including without limitation all text, data, graphs, charts (collectively, the "Information") is the property of MSCI, S&P Dow Jones Indices, or their respective affiliates. The Information may not be reproduced or redisseminated in whole or in part without prior written permission from MSCI and S&P Dow Jones Indices.
The Information may not be used to create derivative works or to verify or correct other data or information. For example (but without limitation), the Information may not be used to create indices, databases, risk models, analytics, software, or in connection with the issuing, offering, sponsoring, managing or marketing of any securities, portfolios, financial products or other investment vehicles utilizing or based on, linked to, tracking or otherwise derived from the Information.
The user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. NEITHER MSCI, S&P DOW JONES INDICES, S&P, NOR ANY OF THEIR RESPECTIVE AFFILIATES MAKES ANY EXPRESS OR IMPLIED WARRANTIES OR REPRESENTATIONS WITH RESPECT TO THE INFORMATION (OR THE RESULTS TO BE OBTAINED BY THE USE THEREOF). TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, MSCI, S&P DOW JONES INDICES, S&P AND THEIR RESPECTIVE AFFILIATES EXPRESSLY DISCLAIM ALL IMPLIED WARRANTIES (INCLUDING, WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF ORIGINALITY, ACCURACY, TIMELINESS, NON-INFRINGEMENT, COMPLETENESS, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE) WITH RESPECT TO ANY OF THE INFORMATION.
Without limiting any of the foregoing and to the maximum extent permitted by applicable law, in no event shall MSCI, S&P Dow Jones Indices, S&P or any of their respective affiliates have any liability regarding any of the Information for any direct, indirect, special, punitive, consequential (including lost profits) or any other damages even if notified of the possibility of such damages.
Information containing any historical information, data or analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Past performance does not guarantee future results.
None of the Information constitutes an offer to sell (or a solicitation of an offer to buy), any security, financial product or other investment vehicle.
The Information does not, and is not intended to, recommend, endorse, approve or otherwise expresses any opinion regarding any issuer, security, financial product or trading strategy and none of the Information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
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SOURCE S&P Dow Jones Indices
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https://www.wafb.com/prnewswire/2022/04/01/silversea-christens-silver-dawnsm-lisbon-introducing-otivm-travels-most-indulgent-new-wellness-programme/
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Silver Dawn becomes the cruise line's third new ship to debut in nine months
LISBON, Portugal, March 31, 2022 /PRNewswire/ -- Silversea Cruises, the leading ultra-luxury cruise line, officially named its 10th ship, Silver Dawn, in Lisbon on March 31. Executives from Royal Caribbean Group®, Silversea Cruises, and Fincantieri, as well as local dignitaries and esteemed guests, celebrated the milestone with a formal ceremony and gala dinner. An expression of Silversea's rapid expansion, Silver Dawn becomes the cruise line's third new ship to debut in nine months. The launch of Silver Dawn also marks the debut of Otium, travel's most indulgent new wellness programme, as well as the next iteration of Silversea's S.A.L.T. culinary programme.
Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8948652-silversea-christens-silver-dawn-in-lisbon-otivm-wellness-programme/
FIRST: THE NAMING CEREMONY MARKS SILVER DAWN'S OFFICIAL DEBUT
After Royal Caribbean Group's customary bagpipe performance, which opened the formal naming ceremony, performers took to the stage, entertaining attendees with a performance that weaved a narrative from the 2021 launch of Silver Moon to the modern day debut of Silver Dawn. Singers recited the national anthems of the U.S.A., Italy, and Portugal, before a religious leader blessed the ship and dignitaries delivered speeches. The newly named Godmother of Silver Dawn, Nilou Motamed—an influential food and travel editor, tastemaker, and television personality—subsequently cut the ribbon to trigger a champagne bottle to smash on the ship's hull, signalling the end of the ceremony.
"Celebrating the naming of Silver Dawn in Lisbon marked an incredibly proud moment for all involved," said Jason Liberty, President and CEO, Royal Caribbean Group. "I thank and congratulate Roberto Martinoli and our entire team, including Captain Failla and the crew, as well as everyone at Fincantieri, our ship building partners. Silver Dawn is a jewel in the Silversea fleet and speaks to Royal Caribbean Group's commitment to delivering the best vacation experiences in a responsible way."
"An evolution of our unique take on luxury, Silver Dawn is the third Silversea ship to be named in the last nine months," said Roberto Martinoli, President & CEO, Silversea Cruises. "As well as S.A.L.T., our immersive culinary programme, Silver Dawn enriches guests' travels with Otium, our indulgent new wellness programme, which is inspired by the ancient Roman lifestyle. She really is magnificent. I extend my gratitude to Jason Liberty and all involved at Royal Caribbean Group, as well as to the team at Silversea, Fincantieri, and Captain Failla and his crew—our most valuable asset. Moreover, I proudly welcome Nilou Motamed as the Godmother of Silver Dawn."
NILOU MOTAMED: GODMOTHER OF SILVER DAWN
An Emmy-nominated television personality and former editor-in-chief of some of the world's leading culinary brands, including Food & Wine and Epicurious, Nilou Motamed has been shaping the conversation in food and travel for more than 20 years. Born in Iran, raised in Paris and New York, Motamed is fluent in four languages — and believes "food is a language of its own, one in which everyone can find comfort, compassion, and community." Her passion for culinary adventures and far-flung cuisines has found a perfect match in Silversea's S.A.L.T. programme, which the New York resident first experienced with its launch in 2021.
"It's a great honour to have been selected as the Godmother of Silver Dawn and to have been on board for her naming ceremony in Lisbon," says Motamed. "Growing up in multiple countries has helped me recognize that one of our deepest common bonds, wherever we go, is food. Like many of Silversea's guests, I always pair my cultural explorations with culinary ones. That's why I've loved seeing the world through Silversea's S.A.L.T. programme. I've dedicated my career to celebrating authentic, local cuisines and cultures. For me, nothing is more rewarding than connecting with people over a shared meal."
"An authority in the world of food and drink, Nilou is a curious, intelligent traveller," continues Martinoli. "Her mission to delve deeper into cultures through food, to truly understand places and their people, reflects that of Silversea's culinary programme, S.A.L.T.. It is this strong spirit of discovery, this commitment to self-enrichment and complete cultural immersion, that makes Nilou the perfect Godmother for our newest ship. Aboard Silver Dawn, our guests will discover the world with purpose, while journeying in Silversea's trademark level of comfort."
SILVER DAWN AND THE OTIVM WELLNESS PROGRAMME
Silver Dawn becomes the latest ship in Silversea's popular Muse class. The most discernible difference between Silver Dawn and her sister ships, Silver Muse® and Silver MoonSM, is the new Otium wellness programme, which launches as a unique innovation. It is the only wellness programme at sea that incorporates champagne, chocolate and other gourmet snacks; signature cocktails; bespoke in-suite experiences; a Roman-influenced spa; and a wellness journey that extends throughout the ship. Grounded in the philosophy and traditions of the ancient Roman lifestyle, in which otium was a period of time dedicated exclusively to leisure, the Otium wellness programme is built on principles of indulgence, pleasure, and pampering. Spanning almost 800m2 on deck six, Silver Dawn's spa has been completely redesigned for a more seamless wellness journey.
Silver Dawn departs on her inaugural voyage on April 1, sailing from Lisbon to Barcelona. She is scheduled to sail in the Mediterranean until November, when she will cross the Atlantic Ocean, via the Canary Islands, to unlock the Caribbean and Central America for guests.
Silver Dawn's media kit:
https://www.dropbox.com/sh/fqw01ry3zal9ev0/AAB2P40-DmLY3eOO_dclyYMRa?dl=0
Otium media kit:
https://www.dropbox.com/sh/upusb70v71w576g/AADzlCltZ9j0D-tXpFvLMvgea?dl=0
Our latest blog post on Otium offers more details. Read it here:
https://discover.silversea.com/ships/silver-dawn/silver-dawn-otium-preview/
Find out more information about Silver Dawn, including her upcoming voyages:
https://www.silversea.com/ships/silver-dawn.html
About Silversea Cruises
Silversea Cruises is recognized as an innovator in the ultra-luxury cruise industry, offering guests large-ship amenities aboard its intimate, all-suite vessels: Silver Dawn, Silver Shadow®, Silver Whisper®, Silver Spirit®, Silver Muse®, and Silver MoonSM – all designed to offer an atmosphere of conviviality and casual elegance. With the inclusion of the expedition ships Silver Origin®, Silver Wind®, Silver Explorer®, and Silver Cloud®, Silversea's itineraries encompass all seven continents and feature worldwide luxury cruises to the Mediterranean, the Caribbean, the Galápagos, both Polar Regions, and hundreds of fascinating destinations in between. Silversea is also looking forward to the launch of two new ultra-luxury Nova-class ships. Browse Silversea's blog, Discover, and subscribe to receive the latest content directly into your inbox. Silversea Cruises is one of five cruise brands owned by global cruise company Royal Caribbean Group. (NYSE: RCL)
About Royal Caribbean Group
Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 61 ships traveling to more than 800 destinations around the world. Royal Caribbean Group is the owner and operator of three award winning cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 12 ships on order as of December 31, 2021. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.
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SOURCE Silversea Cruises
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https://www.wafb.com/prnewswire/2022/04/01/western-forest-products-inc-announces-release-date-first-quarter-2022-results-conference-call-details/
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TSX: WEF
VANCOUVER, BC, March 31, 2022 /PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") first quarter 2022 financial and operating results will be released on Wednesday, May 4, 2022.
Western will host its first quarter 2022 analyst conference call on Thursday, May 5, 2022 at 12:00 p.m. PDT (3:00 p.m. EDT).
Don Demens, President and Chief Executive Officer, and Stephen Williams, Executive Vice President and Chief Financial Officer, will discuss the Company's first quarter 2022 results followed by a question and answer session with the analyst community.
To join the conference call, dial:
Toll-free from Canada and the US: 1-800-952-5114
From Toronto: 416-340-2217
Passcode: 3466690#
To access the instant replay of the call, dial:
Toll-free from Canada and the US: 1-800-408-3053
From Toronto: 905-694-9451
Passcode: 1910899#
The instant replay will be available until June 5, 2022 at 8:59 p.m. PDT (11:59 p.m. EDT).
About Western Forest Products Inc.
Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets. With operations and employees located primarily on the coast of British Columbia and Washington State, Western is a premier supplier of high-value, specialty forest products to worldwide markets. Western has a lumber capacity in excess of 1.0 billion board feet from seven sawmills and four remanufacturing facilities. The Company sources timber from its private lands, long-term licenses, First Nations arrangements, and market purchases. Western supplements its production through a wholesale program providing customers with a comprehensive range of specialty products.
View original content to download multimedia:
SOURCE Western Forest Products Inc.
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https://www.wafb.com/prnewswire/2022/04/01/world-renowned-celebrity-photographer-nicolas-gerardin-signs-with-artm-technologies/
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Luxury NFT firm teams up with a world-leading photographer.
SINGAPORE, March 31, 2022 /PRNewswire/ -- World-renowned photographer Nicolas Gerardin has partnered with pioneering platform 1of1 and ARTM Technologies to produce luxury NFTs based on his photography.
The NFTs will include rare and famous images by the French photographer who works with the world's top celebrities, including Cristiano Ronaldo, Jonas Brothers, Priyanka Chopra, Donatella Versace, James Franco, Daniel Radcliffe, Kendall Jenner, Lewis Hamilton, Karim Benzema, Paulo Dybala, Sofia Carson, and many more.
Gerardin's photographs have appeared on the front covers of leading international magazines and were recently hailed by Georgina Rodríguez in the Netflix special 'I am Georgina.' as "the best photographer in Europe."
1of1 is the first official luxury NFT platform for pioneering tech firm ARTM Technologies. It has already established numerous global partnerships with international luxury brands. ARTM is an ERC-20 token used to unlock NFTs, video streaming, metaverse, and gaming add-ons.
Co-Founder Craig Allard shared,
"We are very excited to be linking up with such an internationally-acclaimed photographer. His client list speaks for itself, and we can't wait to see what can be achieved in partnership with our 1of1 luxury NFTs. These will be based on his photographs, including some of his rare work and his more famous pieces. Some will involve experiences and special access to events and celebrities. Our pioneering technology is already changing the world of NFTs, leveraging blockchain technology with new use cases. This latest partnership will add another element to our work, and we look forward to announcing more details in due course."
Notes to editors:
For more information on Nicolas Gerardin and to see more of his work, visit:
https://www.instagram.com/nicolasgerardin/
http://www.nicolasgerardin.com/
For more information on 1of1, visit: https://1of1.biz/
For more information on ARTM, visit: https://getartm.io/
Media Contact: info@getartm.io
View original content to download multimedia:
SOURCE ARTM Technologies LLC
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https://www.wafb.com/2022/04/01/5-fetuses-found-inside-dc-home-anti-abortion-activist/
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5 fetuses found inside DC home of anti-abortion activist
WASHINGTON (AP) — Police found five fetuses in the home of a self-proclaimed “anti-abortion activist” who was indicted this week on federal charges alleging that she was part of a group of people who blocked access to a Washington, D.C. reproductive health center.
The Metropolitan Police Department says officers were responding to a tip about “potential bio-hazard material” at a home in Southeast Washington on Wednesday when they located the five fetuses inside.
A local television station, WUSA9, captured video of police searching the home and reported that the home belonged to Lauren Handy. The 28-year-old was one of nine people charged in an indictment that was made public on Wednesday that accused the group of traveling to Washington, blocking access to the reproductive health center and streaming it on Facebook.
The station, which first reported the discovery, said Handy told a reporter that “people will freak out when they hear” what detectives found inside her house. Handy did not respond to a message sent to her Facebook profile seeking comment.
Police said the five fetuses were collected by Washington’s medical examiner and the investigation is ongoing.
In the indictment, prosecutors said Handy had called the clinic pretending to be a prospective patient and scheduling an appointment. Once there, on Oct. 22, 2020, eight of the suspects pushed their way inside and began blocking the doors, according to the indictment. Five of them chained themselves together on chairs to block the treatment area as others blocked the employee entrance to stop other patients from coming inside, the indictment alleges. Another suspect blocked people from coming into the waiting room, prosecutors charge.
Handy and the eight others were charged with conspiracy against rights and violating the Freedom of Access to Clinic Entrances Act. The federal law, more commonly known as the FACE Act, prohibits physically obstructing or using the threat of force to intimidate or interfere with a person seeking reproductive health services.
Copyright 2022 The Associated Press. All rights reserved.
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No. 13 LSU rally falls short as 6-run fifth inning lifts Auburn past the Tigers
BATON ROUGE, La. (WAFB) - A huge six-run fifth inning helped lift the Auburn Tigers (18-8, 4-3 SEC) past No. 13 LSU (18-8, 3-4 SEC) 6-5 in the opening game of the series. LSU has lost the opening game in each of the first three SEC series this season.
Blake Money (2-2) and the Tigers were cruising through the first four innings holding them to just one hit and striking out five batters with a 2-0 lead. Then things fell apart in the fifth inning for the Tigers as Auburn collected six runs on five hits, including a three-run shot.
The visiting Tigers scored six runs on 10 hits and struck out a total of 10 times. LSU scored five runs on nine hits and struck out a total of 12 times, the Tigers continue to make errors, with two tonight to bring their season total to 43.
Auburn started the fifth inning off with a single off of Money and then a bunt single gave them runners on first and second. LSU would get the next two outs on a sac-bunt and an infield pop up.
LSU would then issue an intentional walk to Sonny DiChiara to load the bases, then a hard hit ball to Tre’ Morgan would get into right field and score the first two runs for Auburn to tie the game at 2-2. Then Brody Moore would launch a three run-shot to left field to extend the lead to 5-2, an error by Cade Doughty would score another run giving Auburn a 6-2 lead.
Cade Doughty got the Tigers on the board in the bottom of the first inning with a lead-off home run to give them a 1-0 lead. Then later in the bottom of the fourth inning the Tigers would add another run on a solo shot by Hayden Travinski, his third of the season, to make it 2-0.
Brayden Jobert would get the Tigers within two on a two-run shot, his tenth of the season, to right field to cut the Auburn lead to 6-4 in the bottom of the eighth inning. Jobert has collected six home runs and 16 RBI in the past three games for the Tigers.
Doughty and Morgan would lead the bottom of the ninth inning off with back-to-back singles, then an RBI sac-fly from Dylan Crews would cut the lead to 6-5. But that would be all for LSU as Jacob Berry would strike out on five pitches and Jordan Thompson would foul out to right field to end the game.
LSU will look to even the series against Auburn with the second game scheduled for 6:30 p.m. on Friday, April 1.
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Copyright 2022 WAFB. All rights reserved.
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https://www.wafb.com/2022/04/01/doctor-convicted-prescribing-over-1m-opioid-pills-las-vegas-cocktail-drugs/
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Doctor convicted for prescribing over $1M in opioid pills, ‘Las Vegas cocktail’ of drugs
(Gray News) - A physician in Texas was recently convicted for wrongly prescribing more than $1 million worth of opioid hydrocodone pills.
According to the U.S. Department of Justice, 52-year-old James Pierre, a Houston doctor, unlawfully prescribed controlled substances from June 2015 through July 2016 to individuals posing as patients at a West Parker Medical Clinic, a pill-mill clinic located in Houston.
Trial evidence showed Pierre and his physician assistant issued hundreds of unlawful prescriptions for hydrocodone and carisoprodol, a combination of controlled substances known as the “Las Vegas Cocktail,” to hundreds of individuals posing as patients each week.
According to the Justice Department, “runners” brought numerous people to pose as patients at the clinic and paid about $220 to $500 per visit in exchange for the prescriptions.
Throughout the scheme, West Parker made about $1.75 million from prescriptions, and over $300,000 went to Pierre, according to investigators.
The Department of Justice reports Pierre was convicted of one count of conspiracy to unlawfully distribute and dispense controlled substances and seven counts of unlawfully distributing and dispensing controlled substances.
The 52-year-old is currently scheduled to be sentenced on June 27 and faces up to 20 years in prison for each count.
Officials said that one co-conspirator has pleaded guilty to conspiracy to distribute controlled substances unlawfully.
DEA Houston investigated the case, according to the Department of Justice.
Copyright 2022 Gray Media Group, Inc. All rights reserved.
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https://www.wafb.com/2022/04/01/closing-arguments-next-michigan-gov-whitmer-kidnap-plot/
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Closing arguments next in Michigan Gov. Whitmer kidnap plot
(AP) - Jurors will hear closing arguments Friday in the trial of four men accused of a brazen conspiracy to kidnap Michigan Gov. Gretchen Whitmer, a case built with informants, undercover agents, secret recordings and two people who pleaded guilty and cooperated.
Only one defendant, Daniel Harris, chose to testify in his own defense. But his denial of any crime Thursday was met by an aggressive cross-examination in which prosecutors used his own words to show his contempt for Whitmer and even suggestions about how to kill her.
Adam Fox, Barry Croft Jr. and Brandon Caserta declined to testify, and defense attorneys called only a few witnesses. The four deny any scheme to get Whitmer at her vacation home in fall 2020, though they were livid with government as well as restrictions imposed during the COVID-19 pandemic.
The men were arrested in October 2020 amid talk of raising $4,000 for an explosive that could blow up a bridge and stymie police after a kidnapping, according to trial evidence. Fox twice traveled to northern Michigan to scout the area.
Defense attorneys, however, insist they were under the spell of informants and agents who got them to say and do violent, provocative things.
Harris repeatedly answered “absolutely not” when asked by his lawyer if he was part of a plot. His testimony was perilous because he exposed himself to numerous challenges by prosecutors who had been offering evidence against the group for days.
Harris and Assistant U.S. Attorney Jonathan Roth sometimes talked over each other. At one point, Harris snapped, “Next question.”
“Everyone can take it down a notch,” U.S. District Judge Robert Jonker said later.
Roth confronted Harris with his own chat messages about posing as a pizza deliveryman and killing Whitmer at her door. He reminded Harris, a former Marine, that he worked with explosives while training with the group, especially in Luther, Michigan, in September 2020, about a month before their arrest.
Roth played a conversation of Croft talking about militias overthrowing governments in various states and “breaking a few eggs” if necessary.
“When this man talks to you at a diner about killing people, you don’t stand up and walk out, do you sir?” Roth asked. “You don’t say, ‘This group is not for me,’ do you sir?”
“No,” Harris answered.
A “shoot house” that was intended to resemble Whitmer’s second home was a key part of the Luther training weekend, according to the government. Harris admitted that he brought materials but said he didn’t build it with her house in mind.
He didn’t participate in an evening ride to Elk Rapids, Michigan, to scout Whitmer’s home and a bridge during that same weekend. Harris said he had purchased $200 of cheap beer and cigarettes so he could return to the camp and “get wasted” with others.
Two more men, Ty Garbin and Kaleb Franks, pleaded guilty and cooperated with investigators. Garbin last week said the group acted willingly and hoped to strike before the election, cause national chaos and prevent Joe Biden from winning the presidency.
Whitmer, a Democrat, rarely talks publicly about the kidnapping plot, though she referred to “surprises” during her term that seemed like “something out of fiction” when she filed for reelection on March 17.
She has blamed former President Donald Trump for fomenting anger over coronavirus restrictions and refusing to condemn right-wing extremists like those charged in the case. Whitmer has said Trump was complicit in the Jan. 6 Capitol riot.
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Find AP’s full coverage of the Whitmer kidnap plot trial at: https://apnews.com/hub/whitmer-kidnap-plot-trial
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White reported from Detroit.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wafb.com/2022/04/01/retired-brpd-deputy-chief-hired-director-school-safety-ebrpss/
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Retired BRPD Deputy Chief hired as Director of School Safety for EBRPSS
BATON ROUGE, La. (WAFB) - A familiar face has come out of retirement to take on an important role within the East Baton Rouge Parish School System.
On Thursday, March 31, retired Deputy Police Chief Robert McGarner was introduced as the new Director of EBRPSS School Security. Officials say this move is a part of an ongoing effort to address community concerns about school security and safety.
“He was very solution oriented, and that was very important to me and this decision,” said Superintendent Dr. Sito Narcisse.
Under this new role, McGarner said he plans to foster a safe environment for our kids to grown and learn.
“The streets are undefeated. Three things are going to happen if we let these kids fall in the streets. They’re going to end up dead, they’re going to end up selling drugs and committing crimes, or sooner or later after years, and years, and years of doing the same crap, sooner or later they may wake up, tap out, and say, ‘I need to change my ways and do something different,’” said McGarner.
One of the first things on his agenda is to conduct a one-mile risk assessment around every middle and high school in the city.
He said this will help his team figure out what factors could interfere with student safety.
He also plans to put at least one school resource officer at every school by the fall semester.
“A lot of this stuff that happens with these kids happens off the campus and they bring it on to the campus because they have to walk through that gauntlet to get from their home to the school,” said McGarner.
McGarner said this new role is not the silver bullet to solve every problem, but he believes he will make a change.
“We’re not going to be able to solve them all, but I can guarantee I’m going to solve enough of them,” said McGarner.
McGarner’s first day on the job is Tuesday, April 5.
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Copyright 2022 WAFB. All rights reserved.
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https://www.wafb.com/2022/04/01/thousands-baby-teether-rattles-recalled-due-choking-hazard/
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Thousands of baby teether rattles recalled due to choking hazard
(Gray News) - A recall has been issued for nearly 9,000 motion-activated baby rattles sold in the U.S. and Canada.
PlayMonster has recalled the Kid O Hudson glow rattles due to their legs possibly breaking off and posing a choking hazard to young children, according to the Consumer Product Safety Commission.
The agency describes the product as a motion-activated rattle shaped like a puppy that makes a soft rattling sound when shaken. The plastic puppy is white with spots that can glow in red or green. The puppy’s legs are textured soft plastic for teething children.
Currently, there have been three reports of the rattle legs breaking off, according to the recall. No injuries have been reported.
Consumers are advised to immediately take the recalled walkers away from young children and contact PlayMonster by calling 1-800-469-7506 to discuss refund options.
The rattles were sold at specialty stores nationwide and online at Target.com, Amazon.com, Walmart.com and other sites from February 2018 through February 2022.
Copyright 2022 Gray Media Group, Inc. All rights reserved.
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https://www.wafb.com/2022/04/01/house-passes-35-a-month-insulin-cap-dems-seek-wider-bill/
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House passes $35-a-month insulin cap as Dems seek wider bill
WASHINGTON (AP) — The House has passed a bill capping the monthly cost of insulin at $35 for insured patients, part of an election-year push by Democrats for price curbs on prescription drugs at a time of rising inflation.
Experts say the legislation, which passed 232-193 Thursday, would provide significant relief for privately insured patients with skimpier plans and for Medicare enrollees facing rising out-of-pocket costs for their insulin. Some could save hundreds of dollars annually, and all insured patients would get the benefit of predictable monthly costs for insulin. The bill would not help the uninsured.
But the Affordable Insulin Now Act will serve as a political vehicle to rally Democrats and force Republicans who oppose it into uncomfortable votes ahead of the midterms. For the legislation to pass Congress, 10 Republican senators would have to vote in favor. Democrats acknowledge they don’t have an answer for how that’s going to happen.
“If 10 Republicans stand between the American people being able to get access to affordable insulin, that’s a good question for 10 Republicans to answer,” said Rep. Dan Kildee, D-Mich., a cosponsor of the House bill. “Republicans get diabetes, too. Republicans die from diabetes.”
Public opinion polls have consistently shown support across party lines for congressional action to limit drug costs.
But Rep. Cathy McMorris Rodgers, R-Wash., complained the legislation is only “a small piece of a larger package around government price controls for prescription drugs.” Critics say the bill would raise premiums and fails to target pharmaceutical middlemen seen as contributing to high list prices for insulin.
Sen. Chuck Grassley, R-Iowa, said Democrats could have a deal on prescription drugs if they drop their bid to authorize Medicare to negotiate prices. “Do Democrats really want to help seniors, or would they rather have the campaign issue?” Grassley said.
The insulin bill, which would take effect in 2023, represents just one provision of a much broader prescription drug package in President Joe Biden’s social and climate legislation.
In addition to a similar $35 cap on insulin, the Biden bill would authorize Medicare to negotiate prices for a range of drugs, including insulin. It would penalize drugmakers who raise prices faster than inflation and overhaul the Medicare prescription drug benefit to limit out-of-pocket costs for enrollees.
Biden’s agenda passed the House only to stall in the Senate because Democrats could not reach consensus. Party leaders haven’t abandoned hope of getting the legislation moving again, and preserving its drug pricing curbs largely intact.
The idea of a $35 monthly cost cap for insulin actually has a bipartisan pedigree. The Trump administration had created a voluntary option for Medicare enrollees to get insulin for $35, and the Biden administration continued it.
In the Senate, Republican Susan Collins of Maine and Democrat Jeanne Shaheen of New Hampshire are working on a bipartisan insulin bill. Georgia Democratic Sen. Raphael Warnock has introduced legislation similar to the House bill, with the support of Sen. Majority Leader Chuck Schumer of New York.
Stung by criticism that Biden’s economic policies spur inflation, Democrats are redoubling efforts to show how they’d help people cope with costs. On Thursday, the Commerce Department reported a key inflation gauge jumped 6.4% in February compared with a year ago, the largest year-over-year rise since January 1982.
But experts say the House bill would not help uninsured people, who face the highest out-of-pocket costs for insulin. Also, people with diabetes often take other medications as well as insulin. That’s done to treat the diabetes itself, along with other serious health conditions often associated with the disease. The House legislation would not help with those costs, either. Collins says she’s looking for a way to help uninsured people through her bill.
About 37 million Americans have diabetes, and an estimated 6 million to 7 million use insulin to keep their blood sugars under control. It’s an old drug, refined and improved over the years, that has seen relentless price increases.
Steep list prices don’t reflect the rates insurance plans negotiate with manufacturers. But those list prices are used to calculate cost-sharing amounts that patients owe. Patients who can’t afford their insulin reduce or skip doses, a strategy born of desperation, which can lead to serious complications and even death.
Economist Sherry Glied of New York University said the market for insulin is a “total disaster” for many patients, particularly those with skimpy insurance plans or no insurance.
“This will make private insurance for people with diabetes a much more attractive proposition,” said Glied.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wafb.com/2022/04/01/russians-leave-chernobyl-ukraine-braces-renewed-attacks/
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Russians leave Chernobyl; Ukraine braces for renewed attacks
KYIV, Ukraine (AP) — Russian troops left the heavily contaminated Chernobyl nuclear site early Friday after returning control to the Ukrainians, authorities said, as eastern parts of the country braced for renewed attacks and Russians blocked another aid mission to the besieged port city of Mariupol.
Ukraine’s state power company, Energoatom, said the pullout at Chernobyl came after soldiers received “significant doses” of radiation from digging trenches in the forest in the exclusion zone around the closed plant. But there was no independent confirmation of that.
The exchange of control happened amid growing indications the Kremlin is using talk of de-escalation in Ukraine as cover to regroup, resupply its forces and redeploy them for a stepped-up offensive in the eastern part of the country.
GRAPHIC WARNING: Videos in this story may contain disturbing content.
Ukrainian President Volodymyr Zelenskyy warned that Russian withdrawals from the north and center of the country were just a military tactic to build up forces for new powerful attacks in the southeast. A new round of talks between the countries was scheduled Friday, five weeks into a conflict that has left thousands dead and driven 4 million Ukrainians from the country.
“We know their intentions,” Zelenskyy said in his nightly video address to the nation. “We know that they are moving away from those areas where we hit them in order to focus on other, very important ones where it may be difficult for us.”
“There will be battles ahead,” he added.
Following a plea from Zelenskyy when he addressed Australian Parliament on Thursday, Prime Minister Scott Morrison said that his country would send mine-resistant armored personnel carriers to Ukraine.
He said Friday the four-wheel drive “Bushmaster” vehicles, specifically requested by Zelenskyy, would be flown in to Europe but did not say how many would be delivered or when.
“We’re not just sending our prayers, we are sending our guns, we’re sending our munitions, we’re sending our humanitarian aid, we’re sending all of this, our body armor, all of these things and we’re going to be sending our armored vehicles, our Bushmasters, as well,” Morrison said.
In the encircled strategic port city of Mariupol, Russian forces blocked a convoy of 45 buses attempting to evacuate people after the Russian military agreed to a limited cease-fire in the area. Only 631 people were able to get out of the city in private cars, according to the Ukrainian government.
Russian forces also seized 14 tons of food and medical supplies in a dozen buses that were trying to make it to Mariupol, Deputy Prime Minister Iryna Vereshchuk said.
The city has been the scene of some of the worst suffering of the war. Tens of thousands have managed to get out in the past few weeks by way of humanitarian corridors, reducing the population from a prewar 430,000 to an estimated 100,000 by last week, but other relief efforts have been thwarted by continued Russian attacks.
The International Atomic Energy Agency said it had been informed by Ukraine that the Russian forces at the site of the world’s worst nuclear disaster had transferred control of it in writing to the Ukrainians. The last Russian troops left Chernobyl early Friday, the Ukrainian government agency responsible for the exclusion zone said.
Energoatom gave no details on the condition of the soldiers it said were exposed to radiation and did not say how many were affected. There was no immediate comment from the Kremlin, and the IAEA said it had not been able to confirm the reports of Russian troops receiving high doses. It said it was seeking more information.
Russian forces seized the Chernobyl site in the opening stages of the Feb. 24 invasion, raising fears that they would cause damage or disruption that could spread radiation. The workforce at the site oversees the safe storage of spent fuel rods and the concrete-entombed ruins of the reactor that exploded in 1986.
Edwin Lyman, a nuclear expert with the U.S.-based Union of Concerned Scientists, said it “seems unlikely” a large number of troops would develop severe radiation illness, but it was impossible to know for sure without more details.
He said contaminated material was probably buried or covered with new topsoil during the cleanup of Chernobyl, and some soldiers may have been exposed to a “hot spot” of radiation while digging. Others may have assumed they were at risk too, he said.
IAEA Director-General Rafael Grossi was in the Russian enclave of Kaliningrad on Friday for talks with senior officials there about nuclear issues in Ukraine.
In addition to concerns about Chernobyl, nine of Ukraine’s 15 operational reactors are currently in use, including two at the Russian-controlled Zaporizhzhya facility, the IAEA said.
Early this week, the Russians said they would significantly scale back military operations in areas around Kyiv and the northern city of Chernihiv to increase trust between the two sides and help negotiations along.
But in the Kyiv suburbs, regional governor Oleksandr Palviuk said on social media Thursday that Russian forces shelled Irpin and Makariv and that there were battles around Hostomel. Pavliuk said there were Ukrainian counterattacks and some Russian withdrawals around the suburb of Brovary to the east.
At a Ukrainian military checkpoint outside Kyiv, soldiers and officers said they don’t believe Russian forces have given up on the capital.
“What does it mean, significantly scaling down combat actions in the Kyiv and Chernihiv areas?” asked Brig. Gen. Valeriy Embakov. “Does it mean there will be 100 missiles instead of 200 missiles launched on Kyiv or something else?”
NATO Secretary-General Jens Stoltenberg said intelligence indicates Russia is not scaling back its military operations in Ukraine but is instead trying to regroup, resupply its forces and reinforce its offensive in the Donbas.
“Russia has repeatedly lied about its intentions,” Stoltenberg said. At the same time, he said, pressure is being kept up on Kyiv and other cities, and “we can expect additional offensive actions bringing even more suffering.”
The Donbas is the predominantly Russian-speaking industrial region where Moscow-backed separatists have been battling Ukrainian forces since 2014. In the past few days, the Kremlin, in a seeming shift in its war aims, said that its “main goal” now is gaining control of the Donbas, which consists of the Donetsk and Luhansk regions, including Mariupol.
The top rebel leader in Donetsk, Denis Pushilin, issued an order to set up a rival city government for Mariupol, according to Russian state news agencies, in a sign of Russian intent to hold and administer the city.
With talks set to resume between Ukraine and Russia via video, there seemed little faith that the two sides would resolve the conflict any time soon.
Russian President Vladimir Putin said that conditions weren’t yet “ripe” for a cease-fire and that he wasn’t ready for a meeting with Zelenskyy until negotiators do more work, Italian Premier Mario Draghi said after a telephone conversation with the Russian leader.
As Western officials search for clues about what Russia’s next move might be, a top British intelligence official said demoralized Russian soldiers in Ukraine are refusing to carry out orders and sabotaging their equipment and had accidentally shot down their own aircraft.
U.S. intelligence officials have concluded that Putin is being misinformed by his advisers about how badly the war is going because they are afraid to tell him the truth.
Kremlin spokesman Dmitry Peskov said that the U.S. is wrong and that “neither the State Department nor the Pentagon possesses the real information about what is happening in the Kremlin.”
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Karmanau reported from Lviv, Ukraine. Associated Press journalists around the world contributed to this report.
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Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine
Copyright 2022 The Associated Press. All rights reserved.
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$14M jury award for protesters could resonate around US
DENVER (AP) — A federal jury’s $14 million award to Denver protesters hit with pepper balls and a bag filled with lead during 2020 demonstrations over the police killing of George Floyd in Minneapolis could resonate nationwide as courts weigh more than two dozen similar lawsuits.
The jury found police used excessive force against protesters, violating their constitutional rights, and ordered the city of Denver to pay 12 who sued.
Nationwide, there are at least 29 pending lawsuits challenging law enforcement use of force during the 2020 protests, according to a search of the University of Michigan’s Civil Rights Litigation Clearinghouse.
The verdict in Denver could give cities an incentive to settle similar cases rather than risk going to trial and losing, said Michael J. Steinberg, a professor at the University of Michigan Law School and director of the Civil Rights Litigation Initiative. It could also prompt more protesters to sue over their treatment at the hands of police.
“There’s no doubt that the large jury verdict in Denver will influence the outcome of pending police misconduct cases brought by Black Lives Matter protesters across the country,” said Steinberg, whose law students have been working on a similar lawsuit brought by protesters in Detroit.
Lawyers for the claimants argued that police used indiscriminate force against the nonviolent protesters, including some who were filming the demonstrations, because officers did not like their message critical of law enforcement.
“To the protest of police violence they responded with brutality,” one of their attorneys, Timothy Macdonald, told jurors.
People who took part in the protests have already made similar allegations in lawsuits filed across the country.
In Washington, DC, activists and civil liberties groups sued over the forcible removal of protesters before then-President Donald Trump walked to a church near the White House for a photo op. The claims against federal officials were dismissed last year but a judge allowed the case against local police to continue.
Several lawsuits alleging protesters were wrongfully arrested or that police used excessive force have been filed against New York City and its police department, including one brought by New York Attorney General Letitia James that claims police used excessive force and wrongfully arrested protesters. In Rochester, New York, people who protested the death of Daniel Prude, a Black man who lost consciousness after being pinned to the street by officers during a mental health call in 2020, claim police used extreme force against them in a lawsuit that also alleges city officials have allowed a culture of police brutality against racial minorities to fester.
One of their attorneys, Donald Thompson, said he plans to raise the Denver award in settlement talks with the city and note that unlike most of the Denver protesters, some of his clients suffered lasting injuries including the loss of an eye and scarring from being hit in the face with a tear gas canister. Thompson also thinks the Denver verdict shows that the public, in the age of cellphone and body camera videos, is not as willing to give police the benefit of the doubt anymore.
“Now people see how this policing really works. You can’t be naïve,” he said.
A spokesperson for Rochester did not return a call and an email seeking comment. When the case was filed, the city said it had already revised the way police responds to protests.
Over the last two months, the city of Austin, Texas has agreed to pay a total of $13 million to four people who were hit in the head with bean bag rounds fired by police.
Even before the Denver ruling last week, the police department made some changes in response to criticism that arose from the protests, including eliminating the use of 40mm foam rounds for crowd control and changing the way officers are permitted to use pepper balls.
Denver’s Department of Public Safety, which includes the police department, said in a statement that the city was not prepared for the level of sustained violence and destruction. During the trial, lawyers and witnesses said over 80 officers were injured as some in the crowds hurled rocks, water bottles and canned food at them.
The department said it continues to evaluate its policies to “better protect peaceful protestors while addressing those who are only there to engage in violence.”
Still, the large award is not expected to lead to an overhaul of how officers respond to what experts say are inherently chaotic situations that are difficult to prepare for.
Ed Obayashi, a use-of-force consultant to law enforcement agencies and a deputy sheriff and legal adviser in Plumas County, California, said society may have to bear the cost of such settlements because innocent people can be injured during protests as outnumbered police try to react on the fly, including to people intent on violence.
“It really goes south in an instant because there are individuals out there who want to cause chaos,” he said.
Obayashi said there is not much police training for protests, which have been relatively rare. He said it would be prohibitively expensive to have officers practice deploying equipment such as tear gas canisters. Because projectiles used in crowds and considered “less lethal” by police, such as rubber bullets and pepper balls, have less velocity and less power to hurt people, it is harder to ensure they hit their intended target, he said.
Lawyers representing people who have also alleged police misconduct and violation of their constitutional right to protest can now use the Denver damage award as part of their own settlement negotiations, said Mark Silverstein, legal director of the American Civil Liberties Union, which represented some of the winning Denver protesters.
The decision came nearly two years after thousands of people angry about Floyd’s death took the streets nationwide, a relatively quick result for the legal system and soon enough for others who allege misconduct by police to file a claim. In Colorado and many other states, there is a two-year statute of limitations for such lawsuits Silverstein said, leaving only a few months for others to sue.
The city attorney’s office said it has not decided whether to appeal the verdict, but appeals in such big cases are common, said Gloria Browne-Marshall, a professor at John Jay College of Criminal Justice. Outside lawyers will also scrutinize the case to try to determine if there are unique circumstances that may have led to a “lightning in a bottle” verdict that is less likely to be repeated.
However, she thinks the verdict sends a significant message that regular people respect the right of protest and demand change from the government, which she believes police and prosecutors have been undermining.
“It should send a message to both, but whether or not they listen is a different issue,” Browne-Marshall said.
Copyright 2022 The Associated Press. All rights reserved.
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5 fun things to do in Baton Rouge this weekend
BATON ROUGE, La. (WAFB) - With COVID-19 restrictions easing and the return of warmer weather, there are plenty of activities to get out and have fun this weekend around the metro Baton Rouge area.
1.) ZIPPITY ZOO FEST
On Sat., April 2 and Sun., April 3, celebrate the BREC Baton Rouge Zoo’s 52nd birthday during Zippity Zoo Fest. This family friendly event will include live entertainment, ambassador animal meet & greets, a children’s village, animal enrichments, special character visits, free birthday cake and more. The spring festival will take place from 9:30 a.m. until 5 p.m. Click here to purchase tickets.
2.) DANCE MARATHON AT LSU
On Sat., April 2, grab your dancing shoes, head over the PMAC and join LSU students during the Dance Marathon at LSU. Proceeds raised during the 12-hour fundraising event will help support children and families of Our Lady of the Lake Children’s Hospital. The marathon will take place from 10 a.m. until 10 p.m. Click here to register.
3.) BOMB AGAINST CANCER COLOR RUN
On Sat., April 2 the Southern University Jag Ambassadors will host the Bomb Against Cancer Color Run. The purpose of the event is to bring awareness to cancer. A $10 entry fee is required to participate. Proceeds raised during the event will benefit the Mary Bird Perkins Cancer Center and the Jaguar Ambassadors. The event will take place from 9 a.m. until 2 p.m. on the Mayberry Lawn of Southern University’s campus. Click here to register.
4.) FIND THE RIGHT FIT
On Sat., April 2, Baton Rouge General will host ‘Find the Right Fit.’ The one-of-a-kind event will bring together a variety of local experts on health and skin, jewelry, bras, glasses, and more. The purpose is to find the right fit for every woman who attends. Registration costs $10 and is required to attend. The event will take place from 10 a.m. until noon. Click here to register.
5.) CAR SEAT SAFETY CHECK
On Fri., April 1, parents and kids can make sure they’re ready to ride with a car seat safety check. The Safety Place has partnered with Our Lady of the Lake Children’s Health to put on the event from 9 a.m. until 1 p.m. There will be free car seat inspection and installation with safety professionals. Organizers say you should call 225-372-3991 to schedule an appointment.
If you want to find more family friendly events, brand new restaurants, businesses and attractions coming to town, head over to The Louisiana Weekend.
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Copyright 2022 WAFB. All rights reserved.
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https://www.wafb.com/2022/04/01/another-solid-month-us-hiring-expected-despite-obstacles/
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Another solid month of US hiring expected despite obstacles
(AP) - Defying a pandemic and supply chain disruptions, the U.S. economy has cranked out more than 400,000 jobs every month for nearly a year — a blazing winning streak in wildly uncertain times.
And despite surging inflation, the hiring wave likely continued last month in the face of yet another jolt: Russia’s war in Ukraine, which has unsettled the economic outlook and catapulted gasoline prices to painful levels.
Economists surveyed by the data firm FactSet expect the Labor Department’s jobs report for March to show that employers added 478,000 jobs and that the unemployment rate dipped from 3.8% to 3.7%. That would mark the lowest unemployment rate since just before the pandemic struck two years ago, when joblessness reached a 50-year low of 3.5%.
The government will issue the March jobs report at 8:30 a.m. Eastern time Friday.
“With the war in Ukraine, economic uncertainty rising and surging energy prices, we may see a modest slowdown in hiring in March,’’ said Daniel Zhao, senior economist at the jobs website Glassdoor. “However, employer demand remains strong, which should sustain a healthy level of hiring.’’
The booming U.S. job market reflects a robust rebound from the brief but devastating coronavirus recession, which wiped out 22 million jobs in March and April 2020 as businesses shut down or cut hours and Americans stayed home to avoid infection.
But the recovery has been swift. Fueled by generous federal aid, savings amassed during the pandemic and ultra-low borrowing rates engineered by the Federal Reserve, U.S. consumers have spent so fast that many factories, warehouses, shipping companies and ports have failed to keep pace with their customer demand. Supply chains have snarled, forcing up prices.
As the pandemic has eased, consumers have been broadening their spending beyond goods to services, such as health care, travel and entertainment, which they had long avoided during the worst of the pandemic. The result: Inflation is running at 40-year highs, causing hardships for many lower-income households that face sharp increases for such necessities as food, gasoline and rent.
It’s unclear whether the economy can maintain its momentum of the past year. The government relief checks are gone. The Fed raised its benchmark short-term interest rate two weeks ago and will likely keep raising it well into next year. Those rate hikes will result in more expensive loans for many consumers and businesses.
Inflation has also eroded consumers’ spending power: Hourly pay, adjusted for higher consumer prices, fell 2.6% in February from a year earlier — the 11th straight month in which inflation has outpaced year-over-year wage growth. According to AAA, average gasoline prices, at $4.23 a gallon, are up a dizzying 47% from a year ago.
Squeezed by inflation, some consumers are paring their spending. The Commerce Department reported Thursday that consumer spending rose just 0.2%% in February — and fell 0.4% when adjusted for inflation — down from a 2.7% increase in January.
Still, the job market has kept hurtling ahead. Employers posted a near-record 11.3 million positions in February. Nearly 4.4 million Americans quit their jobs, a sign of confidence that they could find something better.
“We’re still seeing a very tight labor market,’’ said Karen Fichuk, CEO of the staffing company Randstad North America, who noted that the United States now has a record 1.7 job openings for every unemployed person.
Even so, so many jobs were lost in 2020 that the economy still remains more than 2 million shy of the number it had just before the pandemic struck. Over the past year, employers have added an average of 556,000 jobs a month. At that pace — no guarantee to continue — the nation would recover all the jobs lost to the pandemic by June. (That still wouldn’t include all the additional hiring that would have been done over the past two years under normal circumstances.)
Brighter job prospects are beginning to draw back into the labor force people who had remained on the sidelines because of health concerns, difficulty finding or affording daycare, generous unemployment benefits that have now expired or other reasons.
Over the past year, 3.6 million people have joined the U.S. labor force, meaning they now either have a job or are looking for one. But their ranks are still nearly 600,000 short of where they stood in February 2020, just before the pandemic slammed into the economy.
Copyright 2022 The Associated Press. All rights reserved.
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Nice weather again today, a few showers possible on Saturday
BATON ROUGE, La. (WAFB) - Weather stays quiet today compliments of high pressure centered just to our north. A chilly morning will give way to a very comfortable afternoon, with highs reaching the mid 70s under partly cloudy skies.
If you’re heading to Live After 5 downtown or LSU Baseball this evening, no issues are expected, with temperatures getting just a little cool once the sun sets.
The chance for a few showers returns on Saturday, with best chances likely confined to areas south of I-10. The showers will be driven by a warm front attempting to move inland from the Gulf of Mexico, along with a weak cold front approaching from the west. But many will stay dry, with rain chances only posted at 30% from metro Baton Rouge northward. Any showers will likely exit by lunchtime, with partly cloudy skies into the afternoon, and highs near 80°.
We then start looking ahead to the approach of our next storm system into early next week. Scattered showers are possible by Monday afternoon, with highs reaching the low 80s. Best rain chances are expected on Tuesday as a warm front once again lifts inland from the Gulf of Mexico and a cold front approaches from the west. Model guidance continues to show some pretty significant differences, but I’ve got Tuesday rain chances posted at 70% for now. A few strong storms appear possible, but the model discrepancies make the threat a bit difficult to diagnose at this point in time.
The remainder of next week looks as though we’ll see dry and pleasant weather. Wednesday briefly sees highs climb into the mid 80s, but near-normal to slightly below-normal temperatures are expected for the end of the week, with plenty of sunshine on tap.
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https://www.wafb.com/2022/04/01/texas-caseworkers-after-abbotts-order-investigations-into-transgender-kids-parents-given-priority/
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Texas caseworkers: After Abbott’s order, investigations into transgender kids’ parents given priority
AUSTIN, Texas (AP) — When Texas Gov. Greg Abbott put in motion abuse investigations into the parents of some transgender kids, child welfare supervisor Randa Mulanax said what happened next strayed from normal protocols.
There was unusual secrecy, with texts and emails discouraged. Allegations about trans kids received elevated status. In Texas, fewer than three in 10 child welfare investigations end with findings that harm likely occurred — classified as “reason to believe” — but the changes looked to Mulanax like these cases would be predetermined from the start.
“It was my understanding that they wanted to be found ‘reason to believe,’” Mulanax told The Associated Press in her first interview since leaving the Texas Department of Family and Protective Services, where she worked for six years until quitting last month. “That’s why we were having to figure out a way to staff it up and see how we go about it, since it doesn’t match our policy right now.”
As early as Friday, the Texas Supreme Court could decide whether the state can resume at least nine investigations into the parents of transgender children. They are the first to fall on the radar of child welfare authorities since Texas’ Republican governor in February directed the state to begin handling reports of gender-confirming care for kids as child abuse — the first such order issued in the U.S.
The court fight in Texas comes as Republicans across the country are leaning into policies aimed at transgender Americans, most prominently through bans on transgender athletes on girls sports teams. But Texas is the only state where a GOP governor has greenlighted abuse cases against the parents of transgender children, which several current and departing Texas child welfare workers say was rushed into action and has sunk already low morale at their troubled state agency even deeper.
It is unclear how many Texas child welfare investigators — who are tasked with carrying out Abbott’s directive — have quit in protest. Mulanax is one of at least two state Child Protective Services workers who are leaving and added their names this week to a court brief that urged Texas’ justices to keep the investigations sidelined. Five other investigators who remain at the agency also signed on.
Abbott’s instructions to Texas child welfare officials takes aim at treatments for children that include puberty blockers and hormone therapy.
Patrick Crimmins, spokesman for the Texas Department of Family and Protective Services, declined comment Thursday, citing the ongoing lawsuit.
“We’re being so closely monitored on those type of cases that you wouldn’t be able to just say, ‘Oh, nothing to see,’” said Shelby McCowen, a child welfare investigator who called the directive the ‘last straw’ and is quitting after less than a year at the agency.
Texas completed more than 157,000 child welfare investigations in the last fiscal year, according to state data. McCowen said the cases involving parents of transgender families were drawing the same attention as child death investigations, and like Mulanax, said instructions were given not to discuss the cases through state emails or phones — only on personal devices, or face-to-face.
The cases were to be referred to as “special assignments” rather than using a case name or number, according to McCowen. She said upper managers told investigators a survey would be sent out internally to address questions about the directive, but none ever arrived.
“I don’t know how many times they go into the cases, but we’re told that if we get one of these cases, the documentation has to be almost instant because it’s being monitored,” she said.
Abbott’s directive goes against the nation’s largest medical groups, including the American Medical Association, which have opposed Republican-backed restrictions filed in statehouses nationwide. On Thursday, President Joe Biden marked Transgender Day of Visibility by denouncing such legislation, saying “the onslaught of anti-transgender state laws attacking you and your families is simply wrong.”
In pressing that the investigations in Texas be allowed to continue, Republican Texas Attorney General Ken Paxton’s office wrote that “if DFPS cannot investigate possible child abuse, children may be harmed — perhaps irreversibly — in the interim.”
Mulanax said if the investigations were to resume, she considers it unlikely that any children would be removed from their homes around Texas’ biggest cities, which are controlled by Democrats and where some county officials have already said they would reject such cases.
But in the event of a finding of harm, Mulanax said, putting in place what are usually other safety plans don’t make sense to her either. She said those options typically include required parental supervision or services such as therapy, which Mulanax said some of the families might already be doing.
“It was just a complete betrayal of the department,” she said.
Copyright 2022 The Associated Press. All rights reserved.
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‘Find the Right Fit’ event connecting Baton Rouge women, vendors
BATON ROUGE, La. (WAFB) - This one’s for Baton Rouge women trying to “Find the Right Fit.”
Baton Rouge General is hosting an event Saturday, Apr. 1, to connect local women with vendors.
It’s happening at their Bluebonnet location from 10 a.m. to noon.
Organizers said the event will bring together local experts on health and skin, jewelry, bras, glasses and more. They hope to find the right fit for each woman that comes out.
“Find the Right Fit” gives you the chance to chat with BRG gynecologists, primary care physicians and nutritionists, and visit with local vendors who can provide personalized fittings and recommendations, from brows to body shape.
Registration at brgeneral.org/fit is required, and the cost is $10.
The local businesses participating in “Find the Right Fit” include Bra Genie, Soma, European Wax Center, and Williamson Eye Center.
Attendees have the chance to win door prizes including a Dyson Airwrap, beach cruiser bicycle, designer sunglasses, a Bra Genie gift card, and European Wax Center products. Attendees can also enjoy mimosas, food, and music. Posh Pop will be on hand with gourmet popcorn samples.
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Health conditions linked to Dementia
ORLANDO, Fla. (Ivanhoe Newswire) -- There’s a lot of problems that can arise alongside depression, including anxiety and low self-esteem. But there are also some conditions that depression can cause later in life. Ivanhoe has details on a new study that is linking depression with dementia.
Low self-esteem, loss of interest, anxiety, poor outlook on life … depression can wreak havoc on your emotional health. But a new study from UC San Francisco has found depression can also be damaging to your brain health. The researchers discovered the part of the brain that is essential for your ability to organize and store your memories can be damaged through excess stress hormones and an increase in depression. This finding suggests that depression and mental health declines in young adults can increase their chances of developing a neurodegenerative disease.
“If we identified people at high risk for developing dementia in the future, that creates a window of opportunity to intervene,” explained Richard Lipton, MD, Professor and Vice Chair Neurology at Albert Einstein College of Medicine.
So, what are ways young people can prevent developing dementia later in life? A new study in the UK has shown that children who eat five or more portions of fruit and vegetables a day had the highest scoring mental health values and well-being. Another thing that can help …
“Pushing yourself to exercise regularly probably helps some for mood improvement,” shared Charles Conway, PhD, Washington University in St. Louis.
Exercise keeps your serotonin levels up, as well as cutting down on excessive drinking and smoking. Reaching out for help with your mental health can not only improve your life but keep your risk of dementia at bay.
More recently, psychiatric aspects of neurodegenerative diseases are being recognized as a significant factor in the onset of dementia due to the prominent link between mental health issues and mental decline. Loneliness and social isolation are also contributing factors to this disease.
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https://www.wafb.com/2022/04/01/pope-begs-forgiveness-indigenous-canada-school-abuses/
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Pope begs forgiveness of Indigenous for Canada school abuses
VATICAN CITY (AP) — Pope Francis apologized and begged forgiveness Friday for the “deplorable” abuses suffered by Indigenous Peoples in Canada’s church-run residential schools and said he hoped to visit Canada in late July to deliver the apology in person to all those who suffered from the Catholic Church’s misguided missionary zeal.
Francis made the apology during an audience with dozens of members of the Metis, Inuit and First Nations communities who came to Rome seeking a papal apology and a commitment for the Catholic Church to repair the damage. He said he hoped to visit Canada “in the days” around the Feast of St. Anna, which falls on July 26 and is dedicated to Christ’s grandmother.
More than 150,000 native children in Canada were forced to attend state-funded Christian schools from the 19th century until the 1970s in an effort to isolate them from the influence of their homes and culture. The aim was to Christianize and assimilate them into mainstream society, which previous Canadian governments considered superior.
“For the deplorable conduct of those members of the Catholic Church, I ask forgiveness of the Lord,” Francis said. “And I want to tell you from my heart, that I am greatly pained. And I unite myself with the Canadian bishops in apologizing.”
The trip to Rome by the Indigenous was years in the making but gained momentum last year after the discovery of hundreds of unmarked graves outside some of the residential schools. The three groups of Indigenous met separately with Francis over several hours this week, culminating with Friday’s audience.
Francis spoke in Italian, and it wasn’t immediately clear if the audience understood what he had said, though they stood and applauded after he finished.
And the audience continued on with joyous performances of Indigenous prayers, drum, dance and fiddlers that Francis watched, applauded and at one point gave a thumbs up to. The Indigenous then presented him with gifts, including snow shoes.
The head of the Metis, Cassidy Caron, presented Francis with a bound book of their people’s stories: Much of what the Indigenous sought to accomplish during their meetings this week was to tell Francis the individual stories of loss and abuse that they suffered.
The Canadian government has admitted that physical and sexual abuse was rampant at the schools, with students beaten for speaking their native languages. That legacy of that abuse and isolation from family has been cited by Indigenous leaders as a root cause of the epidemic rates of alcohol and drug addiction on Canadian reservations.
Nearly three-quarters of the 130 residential schools were run by Catholic missionary congregations.
Last May, the Tk’emlups te Secwepemc Nation announced the discovery of 215 gravesites near Kamloops, British Columbia, that were found using ground-penetrating radar. It was Canada’s largest Indigenous residential school and the discovery of the graves was the first of numerous, similar grim sites across the country.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wafb.com/2022/04/01/tourism-industry-is-excited-about-big-final-four-weekend/
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The tourism industry is excited about the big Final Four weekend
NEW ORLEANS (WVUE) - The March Madness Musical Festival site takes shapes along Decatur Street near the Mississippi River as the city prepares to host the Final Four games and related activities Friday through Monday.
And fans are flocking to the city.
Mark Gagne is from California.
“We’re visiting from San Diego,” said Gagne.
He and his companion said they were ready to cheer on their favorite team.
“Ironically, we’re wearing a North Carolina shirt because our mother-in-law went to North Carolina and despises UNC, so we figured we would help out here and try to add a little red instead of some powdered blue,” said Gagne.
A short distance away is Johnny’s Po-boys on St. Louis Street. Inside orders were dished up.
“It’s delicious, it’s the first time having fried green tomatoes,” said Alex Vann, another tourist in town for the Final Four games.
She said it was her first trip to New Orleans.
“It’s exciting. We’re looking to what the nightlife brings and we’re looking forward to going to see practice tomorrow for Duke and Villanova, UNC and Kansas,” said Vann.
Lori Beth DeGrusha is a manager of Johnny’s Po-Boys.
“We are excited, it is so nice to see people enjoying themselves and being back on the streets again. It’s really encouraging,” said DeGrusha.
She thinks the games and related attractions will give businesses in the area a huge boost.
“Oh my gosh, yes, I think it’s just going to, locals, out of town people; I think people are so excited to just get out and be with one another again,” said DeGrusha.
Taxi drivers like Michael Wills welcome the opportunity for more fares.
“I think it’s going to start getting busy by tomorrow,” said Wills, as he sat in his cab outside a French Quarter hotel.
The pandemic slowed things down for many businesses including cab drivers.
“It’s great to have all these people back in town because business for so slow with being out of business for two years with COVID, and all, you know,” said Wills.
Hotels are benefitting from the Final Four, too.
Mary Beth Romig is with New Orleans and Company, a local tourism organization.
“We are almost filled to the brim, if not filled on Friday, Saturday nights, nearly packed on Sunday night, it’s a big weekend,” said Romig.
She says the city is once again in the national spotlight.
“Every time that they go away for a commercial and come back from a commercial they’re going to be showcasing scenes from around the city; it’s just, we can’t put a dollar figure on that kind of attention and then there’s going to be a lot of people watching this game not just true basketball fans but people who love history because everybody’s eye is going to be on Coach K this weekend as he gets ready to retire and plays his final games here in New Orleans,” said Romig.
And on Sunday, the HBCU All-Star game will also be played in the city at the UNO Lakefront Arena.
“So, we hope people will turn out for all these great events,” said Romig.
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Copyright 2022 WVUE. All rights reserved.
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https://www.wafb.com/prnewswire/2022/04/01/aercap-signs-lease-agreements-ten-new-airbus-a320neo-aircraft-two-new-airbus-a330neo-aircraft-with-ita-airways/
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DUBLIN, April 1, 2022 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) today announced it has signed lease agreements for ten new Airbus A320neo aircraft and two new Airbus A330neo aircraft with ITA Airways. The aircraft are scheduled to deliver beginning in 2023 through 2024. The integration of these new aircraft is in line with the fleet plan of the Italian flag carrier.
Peter Anderson, Chief Commercial Officer of AerCap, said, "We are very pleased to expand our relationship with ITA Airways through the lease of these twelve advanced-technology Airbus A320neo and A330neo aircraft. These aircraft will enable ITA Airways to expand its network, whilst advancing its commitment to maintain an environmentally friendly, fuel-efficient fleet. We thank the team at ITA Airways for the confidence they have placed in AerCap, and we look forward to building the partnership for many years to come."
Francesco Presicce, Chief Technology Officer of ITA Airways, said: "The integration of these new aircraft is perfectly in line with the Company's fleet plan. This agreement represents a further step in our strategy of building a new environmental-friendly fleet with leadingedge technologies which will optimize efficiency, quality of service and significantly reduce the environmental impact. ITA Airways places the best customer service at the centre of its strategy with a strong focus on sustainability. The collaboration with AerCap allows us to improve cost efficiencies across our fleet. I wish to thank the AerCap team for their cooperation.
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle, Toulouse and other locations around the world.
This press release contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements". In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "should," "expect," "plan," "intend," "will", "aim", "estimate," "anticipate," "believe," "predict," "potential" or "continue" or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors, including the impacts of, and associated responses to: the Covid-19 pandemic, our ability to successfully integrate GECAS' operations and employees and realize anticipated synergies and cost savings; and the potential impact of the consummation of the GECAS transaction on relationships, including with employees, suppliers, customers and competitors, that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information regarding AerCap and to be added to our email distribution list, please visit www.aercap.com and follow us on Twitter www.twitter.com/aercapnv.
AerCap Holdings N.V.
65 St. Stephen's Green, Dublin 2, Ireland www.aercap.com
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https://www.wafb.com/prnewswire/2022/04/01/aex-vietnam-endorser-competition-begins/
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AEX Vietnam Endorser Competition Begins - 100,000 USDT Giveaways!
HO CHI MINH CITY, Vietnam, April 1, 2022 /PRNewswire/ -- With the launch of the Vietnam Operation Center, AEX Global started the Vietnamese Blockchain Eco-development Plan with 100,000,000 USD. Recently, AEX announced that they will launch the 'Vietnam Endorser Competition' activity on April 7, 2022. The top 3 endorsers will get over 2,000,000,000 VND rewards (valued at 100,000 USD), among which the champion will get 1,500,000,000 VND (valued at 66,666 USD), the prize for second place is 380,000,000 VND (valued at 16,666 USD), and the third place gets 150,000,000 VND (valued at 6,666 USD). The top 10 will get the rewards and customized NFT! AEX Global declares its global business expansion with a high endorsement bonus and endorsers voted by users is also in line with the current DAO principle in the blockchain ecosystem, which will further establish AEX Vietnam ecosystem. Endorser application link: https://forms.gle/ssyRqwTAi8kN9xXu8
Different from other crypto exchanges, AEX Global doesn't cooperate with sports stars for brand exposure, nine years of experience have led AEX to opt for a more ecologically oriented DAO style instead. By community voting to select the native KOL(s), Vietnam blockchain investors can deeply involve themselves in ecological construction and also share crypto finance development bonuses. Currently, AEX has launched dozens of ecological activities, providing global blockchain investors with diversified portfolios.
"AEX Global Vietnam Operation Center has launched a series of ecological activities for Vietnamese users, for example Vietnam Endorser Competition, Up To 1,000 USDT Registration Rewards, 100% Novice Finance APR, Trading Sharing Of 200,000 USDT, and KAI Token Giveaways In Listing Desk and so on. From the very first moment a user enters AEX.com, he/she can enjoy richer investment ideas and obtain higher returns as the platform provides them with comprehensive and complete finance events. AEX crypto service platform gathers business models such as Finance, Loan, Mining, and DeFi as it is striving to provide a stable, safe, and professional digital finance management service for users around the world", said by Brand spokesperson of AEX, Shergina Asya.
The closer you look, the further you see. AEX Global Service Platform is continually developing, and our goal is to provide 1 billion people with safe, complete, simple, and diversified crypto finance management service in the next 9 years.
Vietnam Endorser Competition is in full swing, up to 100,000 USDT Giveaway, rewards sending the top 10 competitors and the Champion gets 66,666 USDT!
Click to become an Endorser: https://forms.gle/ssyRqwTAi8kN9xXu8
AEX: https://www.aex.com/page/h5/m_regist.html#/newByInvite?from=q0c909
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SOURCE AEX exchange
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https://www.wafb.com/prnewswire/2022/04/01/afib-shareholder-alert-jakubowitz-law-reminds-acutus-shareholders-lead-plaintiff-deadline-april-18-2022/
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NEW YORK, April 1, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Acutus Medical, Inc. (NASDAQ: AFIB).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/acutus-medical-inc-loss-submission-form/?id=25386&from=4
This lawsuit is on behalf of all purchasers of Acutus common stock between May 13, 2021 and November 11, 2021, inclusive.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until April 18, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Acutus Medical, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (a) a material percentage of the Company's AcQMap imaging and mapping systems under evaluation had been randomly installed at sites with little, if any, consideration given to whether the healthcare providers at the selected locations were likely to adopt, or desire, the Company's products; (b) a material percentage of the AcQMap systems under evaluation had been installed in locations where the Company did not possess the infrastructure necessary to appropriately educate, train, and support medical service providers on the system's operations; (c) as a result of (a) and (b) above, defendants were in the process of designing a strategic plan to terminate and relocate approximately 20% of then-existing AcQMap systems evaluation arrangements; (d) the Company's management discussion and analysis was materially false and misleading and failed to disclose that the termination and relocation of approximately 20% of existing AcQMap systems evaluation arrangements was reasonably likely to have a material adverse effect on the Company's 2021 financial results; and (e) the Company's risk factor discussions were materially false and misleading and made reference to potential risks without disclosing that such risks were then-existing or adequately describing the specific nature of the risks then facing the Company.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
View original content:
SOURCE Jakubowitz Law
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www.wafb
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20220401
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https://www.wafb.com/prnewswire/2022/04/01/afrm-shareholder-alert-jakubowitz-law-reminds-affirm-holdings-inc-shareholders-lead-plaintiff-deadline-april-29-2022/
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NEW YORK, April 1, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Affirm Holdings, Inc. (NASDAQ: AFRM).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/affirm-holdings-inc-loss-submission-form/?id=25394&from=4
This lawsuit is on behalf of all investors who purchased or otherwise acquired Affirm Holdings, Inc. securities on February 10, 2022 after the Company sent a Tweet concerning its Second Quarter 2022 financial results at approximately 1:15 p.m. EST.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until April 29, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to the filed complaint, on February 10, 2022 at approximately 1:15 p.m., Affirm issued a Tweet from its official account in which the Company disclosed certain metrics from its second quarter 2022 financial results. The Tweet, which was published prior to the Company's planned release of its financial results, portrayed a highly successful quarter, which included an increase in revenue of 77%. This caused Affirm's share price to spike nearly 10% in intra-day trading. The Tweet was materially misleading, in that it omitted to disclose the full details of Affirm's second quarter financial results. Affirm deleted the Tweet and released its full second quarter financial results ahead of schedule. The full financial results were lackluster – with the Company posting a loss of $0.57 per share, compared with analyst expectations of $0.37 per share.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
View original content:
SOURCE Jakubowitz Law
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www.wafb
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20220401
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https://www.wafb.com/prnewswire/2022/04/01/ai-shareholder-alert-jakubowitz-law-reminds-c3ai-inc-shareholders-lead-plaintiff-deadline-may-3-2022/
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NEW YORK, April 1, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of C3.ai, Inc. (NYSE: AI).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/c3-ai-inc-loss-submission-form/?id=25396&from=4
This lawsuit is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired: (a) C3.ai Class A common stock pursuant and/or traceable to the documents issued in connection with the Company's initial public offering conducted on or about December 9, 2020; and/or (b) C3.ai securities between December 9, 2020 and February 15, 2022, both dates inclusive.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until May 3, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, C3.ai, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (i) C3.ai's partnership with Baker Hughes was deteriorating; (ii) C3.ai was employing a flawed accounting methodology to conceal the deterioration of its Baker Hughes partnership; (iii) C3.ai faced challenges in product adoption and significant salesforce turnover; (iv) the Company overstated, inter alia, the extent of its investment in technology, description of its customers, its total addressable market, the pace of its market growth, and the scale of alliances with its major business partners; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
View original content:
SOURCE Jakubowitz Law
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www.wafb
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20220401
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