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The expansion comes as SMArtX continues to see support from asset management firms including Goldman Sachs Asset Management.
WEST PALM BEACH, Fla., June 2, 2022 /PRNewswire/ -- SMArtX Advisory Solutions ("SMArtX"), a leading innovator in unified managed accounts (UMA) technology and architect of the SMArtX turnkey asset management platform ('TAMP'), announced the addition of 43 new investment strategies to its platform. The SMArtX platform now supports 1,078 model-traded and manager-traded separate account strategies offered from a diverse group of 262 asset managers.
SMArtX has added seven new asset management firms —1492 Capital Management, AGF Investments, Alley Investment Management Company, Goldman Sachs Asset Management, Milwaukee Institutional Asset Management, Winans Investments, and ZEGA Financial — to give advisors the customized strategies they need to offer tailored portfolios to clients. These new offerings are distributed and traded by SMArtX through its award-winning cloud-based solution across seven custodial platforms.
"SMArtX is thrilled to have these firms as part of our platform," said Evan Rapoport, CEO of SMArtX Advisory Solutions. "By bringing them to SMArtX, we can give advisors access to some of the most well-known firms in the industry. Our technology leverages the client experience and provides click-to-allocate functionality for seamless strategy access."
Three existing firms have added to the SMArtX platform, giving investors access to more strategies from Ballast Equity, Federated Hermes, and Janus Henderson. The strategies across all 10 firms encompass asset allocation strategies, options strategies, and exposures to global equity, U.S. equity, and fixed income strategies.
The complete list of new strategies includes:
- 1492 Capital Management
- AGF Investments
- Alley Investment Management Company
- Ballast Equity
- Federated Hermes
- Goldman Sachs Asset Management
- Janus Henderson
- Milwaukee Institutional Asset Management
- Winans Investments
- ZEGA Financial
* Indicates manager traded SMA only
SMArtX's continued growth is driven by two main applications of its technology: the off-the-shelf TAMP offering, which is built using SMArtX Advisory Solutions' proprietary UMA technology, and the ability to further deploy that tailored UMA technology through APIs to meet the mandates of large enterprises, RIA platforms, and hybrid broker-dealers.
SMArtX President & COO Jonathan Pincus emphasized that "the SMArtX platform minimizes the dispersion between models and the end client accounts through continuous intra-day trading. This provides better and more accurate experience for accounts allocated to these strategies versus trading that takes place during specific trading 'windows' hours or days later."
SMArtX Advisory Solutions is an award-winning managed accounts technology provider and manages SMArtX, a turnkey asset management platform ('TAMP'). SMArtX's API-first, cloud-native technology operates within a modular, micro-services architecture, providing clients a tailored solution catered to their unique specifications. SMArtX is available as an off-the-shelf TAMP for advisors seeking wider selection of investment product and ease of use, while automating the investment processes and simplifying the everyday tasks of managing client accounts. SMArtX also licenses its proprietary technology to enterprise firms looking to create, customize, or upgrade their existing managed accounts technology as a standalone or fully integrated solution. SMArtX is the managed account technology and TAMP platform of choice for multiple RIAs, broker-dealers, and asset managers. Learn more at www.smartxadvisory.com
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SOURCE SMArtX Advisory Solutions
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https://www.mysuncoast.com/prnewswire/2022/06/02/smartx-advisory-solutions-adds-43-new-strategies-its-turnkey-asset-management-platform/
| 2022-06-02T11:15:01Z
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Woman charged with bigamy after husband claims she married another man
Published: Apr. 20, 2022 at 9:48 AM CDT
ALAMANCE COUNTY, N.C. (Gray News) – A woman in North Carolina is facing charges after her husband claimed she married another man while still married to him.
Detectives with the Alamance County Sheriff’s Office investigated the claims and discovered Sue Ann Allison was legally married to two men at the same time.
According to the sheriff’s office, both men live in Alamance County.
Allison was charged with felony bigamy.
Copyright 2022 Gray Media Group, Inc. All rights reserved.
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https://www.kxii.com/2022/04/20/woman-charged-with-bigamy-after-husband-claims-she-married-another-man/
| 2022-04-22T09:30:37Z
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SAO PAULO (AP) — At the effective launch of his campaign on Saturday, Brazil’s former President Luiz Inácio Lula da Silva aimed to lure centrists into his coalition to strengthen his bid to unseat incumbent President Jair Bolsonaro.
“We want to unite democrats of all origins and colors to face and beat the totalitarian threat, the hatred,” da Silva told thousands of supporters of his Workers’ Party, members of unions and political allies who gathered in Sao Paulo.
“We want to come back so no one ever again dares to challenge our democracy and so fascism returns to the gutters of history, which it should never have left,” the former president added. “To end this crisis and grow, Brazil needs to be a normal country again.”
The event was technically the launch of da Silva’s pre-campaign, as the law doesn’t permit people to formally declare themselves candidates before Aug. 5. The leftist leads all polls to return to the job he held from 2003 to 2010, but his sizeable advantage against the far-right Bolsonaro in the October election has been narrowing in recent weeks, according to some surveys.
Bolsonaro has challenged Supreme Court justices and their decisions, sown doubt about the reliability of Brazil’s electronic voting system and portrayed upcoming elections as a fight between good and evil. Analysts have expressed concern he is preparing to challenge election results.
The most concrete effort on Da Silva’s part to make inroads with moderates so far was his selection of a rival, Geraldo Alckmin, as his running mate. Alckmin, a center-right Catholic, appeared via video because he tested positive for COVID-19 on Thursday. The former Sao Paulo governor lost his 2006 and 2018 bids for the presidency, during which he fiercely criticized the Workers’ Party administrations.
“No disagreement of the past, no difference with the president and not even the possible discords of today and tomorrow will allow me to excuse myself from supporting and defending with resolve that Lula should return to Brazil’s presidency,” Alckmin said, adding that Bolsonaro’s administration is “the most disastrous and cruel of the country’s history.”
“When President Lula gave me his hand, I saw more than a gesture of reconciliation between two historical opponents. I saw a call to reason,” he said.
Alckmin has been compared to former Vice President José Alencar, who died in 2011 and was instrumental for da Silva’s campaign to pivot to the center and win in 2002.
Members of other moderate political parties not aligned with da Silva also attended, including Sen. Otto Alencar and Sen. Veneziano Vital do Rego.
“We need to broaden this coalition and that’s what today is for, too,” Alencar told reporters. His party is unlikely to field a presidential candidate this year. “If we can’t bring centrist parties to Lula in the first voting round, let them come in the second. We need to have our arms open for every democrat.”
Da Silva’s effort to woo moderates runs in line with what many analysts say he must do in order to ensure victory. Political analyst Bruno Carazza told The Associated Press that polling data shows him consolidating support among leftist voters, but having less success connecting with people elsewhere on the spectrum.
For example, da Silva said on April 5 that he sees the legalization of abortion as a public health issue and defended abortion rights. His comments spurred instant backlash from critics who said he risked unsettling moderates he should be prioritizing.
The next day, da Silva partially walked back his statement, saying in a radio interview he is personally against abortions, but believes they should be legal.
Political scientist Antonio Lavareda told the AP that he sees little room for da Silva’s support to grow, given that he is already Brazil’s best-known politician.
Likewise, polls already reflect the feelings of voters who won’t for him under any circumstance, particularly as a result of his arrest and conviction for corruption and money laundering that sidelined him from the 2018 race. Those convictions have since been annulled, because the judge presiding over the cases was deemed to be biased.
Many of da Silva’s supporters seemed less than excited about his nods to moderates and the right-leaning politician joining him on the ticket.
“I don’t think we can trust people who were against us until very recently,” said Eleonora Santos, a 47-year-old bank teller, wearing a shirt featuring da Silva’s face during his first presidential campaign in 1989. When posing for pictures in front of a giant poster of Da Silva and Alckmin, she stood in front of Alckmin’s image so as to prevent him from appearing next to her candidate.
“I understand Bolsonaro gives us different challenges and we need to have more support. I just don’t think this guy gives us anything,” she said. “His voters will never be Lula voters.”
Most of da Silva’s comments in recent weeks have touted the achievements of his two-term presidency, including lifting tens of millions of people from poverty. He did the same Saturday’, saying his administration put an end to hunger in Brazil, only to have Bolsonaro bring it back.
In a recent interview with Time magazine, he said he wouldn’t discuss economic policy until after winning the election — despite the fact many Brazilians, struggling to make ends meet amid double-digit inflation and high unemployment, are eager to hear how candidates intend to come to their aid.
“It is clear that he will capitalize on data from his administrations, but Brazil has changed a lot, new demands have arisen,” Carraza said. “The economic situation is much more challenging and much more difficult after the pandemic and with the war in Ukraine. It’s a very different context than the one 20 years ago.”
For now, though, da Silva’s focus appears to be casting himself as a protector of democracy amid a threat of authoritarianism. Wellington Dias, one of the coordinators of da Silva’s campaign, told reporters da Silva will continue to win moderate votes.
“He will increasingly show democrats that their choice is important, that they can accept there are differences, but democracy should be above all,” Dias said. ___ Álvares contributed from Brasilia.
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https://cw33.com/news/international/ap-international/brazils-lula-courts-centrists-at-unofficial-campaign-launch/
| 2022-05-08T18:56:21Z
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WIMBLEDON, England (AP) — All sorts of requests reach the Bill and Melinda Gates Foundation, via all sorts of methods, but rarely does a meaningful entreaty come via LinkedIn message. That, though, is how Micky Lawler, the president of the WTA women’s professional tennis tour, first reached out to the group about a partnership during a sleepless pandemic night.
Eventually, the idea made its way to foundation co-chair Melinda French Gates. The origin was unusual. The thought of working together with the sport was appealing.
“I thought, ‘God, what better?’ I mean, I’m always looking for (gender equality) champions, because I know the difference they make for young girls,” French Gates told The Associated Press at Wimbledon on Friday, when she attended the Grand Slam tournament for the first time. “I know the difference when they call on a government. I know when they have a link to a first lady in a country, something happens.”
And so the WTA and the foundation are going to work together to raise awareness about — and money for — women’s health and nutrition around the world. They also will coordinate efforts to promote gender equality and female leadership.
French Gates, Lawler and 10 former players, including past Wimbledon champions Billie Jean King and Marion Bartoli, took the first concrete step toward that collaboration during a roundtable meeting for about an hour Friday at the All England Club boardroom in the Centre Court stadium.
“We know that these athletes are at top of their game. They’re role models, they’re leaders and they can speak to these issues because they know them,” said French Gates, who said the foundation has not previously partnered with a women’s sports league.
“I just know place after place is better when we are moving toward gender equality. There’s nowhere in the world where we yet have it. But what I know is that so many young girls look up to female role models. And so who do they look for? They look for women in business, they look for women in entertainment, they look for women in sport,” she said. “And so when this partnership started to come about, and Micky had this idea, she said, ‘Who better to know the importance of nutrition than our athletes, right?’”
In August 2020, during the WTA’s first tournament after a COVID-19 hiatus, Lawler found herself unable to get some shut-eye in her Lexington, Kentucky, hotel room. Her concerns: “Are we doing the right thing? Are we coming back too soon?”
She had been struck by seeing a Netflix documentary about Bill Gates and, she said Friday, “It was Melinda’s brain that I was very interested in.”
Lawler attempted to connect to the foundation; her initial thought was becoming something real she thinks current players will support. Lawler planned to introduce French Gates to Wimbledon finalist Ons Jabeur — a 27-year-old from Tunisia who is the first African woman and first Arab woman to reach a Grand Slam title match — on Friday afternoon.
“We are a global organization, and we have so many passionate women who really want to make an impact in their lifetime,” Lawler said during a joint interview with French Gates. “It goes way beyond the dollar figures. We feel that if we make big things happen, the funding will come and will grow exponentially, because our partners will want to be a part of this.”
Asked for an example of how current athletes potentially could help, French Gates mentioned the Women Deliver Conference about gender equality in July 2023 at Kigali, Rwanda.
“We could have tennis players highlighting on their social media channels the importance of these women’s health issues, some of them potentially showing up on stage to help highlight the issues,” she said, “and calling on their own governments, saying, ‘I want our government to step up and put more money into’ whatever the issue is — maternal mortality, reproductive health.”
___
More AP Wimbledon coverage: https://apnews.com/hub/wimbledon and https://apnews.com/hub/tennis and https://twitter.com/AP_Sports
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https://cw33.com/sports/ap-sports/gates-foundation-womens-tennis-partnering-on-health-issues/
| 2022-07-09T01:45:18Z
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DENVER, Aug. 5, 2022 /PRNewswire/ --
- Net sales of $906.8 million, including core revenue growth of 3.6%, compared to a record prior-year period.
- Net income attributable to shareholders of $53.1 million, or $0.19 per diluted share.
- Adjusted Net Income of $90.2 million, or $0.32 per diluted share.
- Adjusted EBITDA of $180.1 million.
Gates Industrial Corporation plc (NYSE: GTES), a leading global provider of application-specific power transmission and fluid power solutions, today reported results for the second quarter ended July 2, 2022.
Ivo Jurek, Gates Industrial's Chief Executive Officer, commented, "I'm pleased with our performance, which represents solid improvement from the first quarter under difficult operating conditions. Underlying demand trends for our products are constructive across most of our markets and our backlog has continued to grow. We have targeted capacity additions underway to support the progress we've made with our growth initiatives, which will alleviate capacity constraints we're facing in certain product lines. Also, the pricing actions we've taken have allowed us to offset the significant inflation and deliver solid sequential margin expansion."
Jurek continued, "We are experiencing more significant FX headwinds and navigating operational challenges arising from external factors, primarily the persisting unreliable supply of certain key raw materials. While we see our business in China steadily improving, it will take additional time to fully recover as our customers and suppliers progress towards more normal operating levels. Our business model is resilient, focused on delivering mission-critical, highly engineered solutions for demanding applications. Over the past several years, we've steadfastly invested in innovation and our growth initiatives, which are contributing to the solid order flows we're seeing. We have a strong team in place and are focused on managing through the present challenges to support our customers' needs. With targeted capacity coming online and continued benefit from pricing actions, we believe we are well positioned to continue to deliver sequential revenue and margin improvement in the second half of the year."
Second-quarter net sales of $906.8 million decreased 0.9% over the prior-year quarter's record net sales of $915.1 million, including a 3.6% core revenue increase offset by unfavorable foreign currency impact of 4.5%. The core revenue increase was led by the industrial end markets and achieved despite the negative impact of the suspension of the Company's business in Russia and strict COVID lockdowns in China. The Mobility and Diversified Industrial end markets generated the highest growth rates, while the Off-Highway and Energy end markets also performed well in the quarter.
Net income attributable to shareholders in the second quarter was $53.1 million, or $0.19 per diluted share, compared to net income attributable to shareholders of $96.9 million, or $0.33 per diluted share, in the prior-year period. Adjusted Net Income was $90.2 million, or $0.32 per diluted share, compared to $125.6 million, or $0.42 per diluted share, in the prior-year period. The diluted weighted-average number of shares outstanding in the second quarter of 2022 was 286,038,818 compared to 297,774,142 in the second quarter of 2021.
Second-quarter Adjusted EBITDA was $180.1 million compared to $216.0 million in the prior-year quarter. The decline was primarily the result of the negative impact of the suspension of the Company's business in Russia and strict COVID lockdowns in China, as well as operational inefficiencies stemming from supply chain challenges. Pricing actions offset the impact of significant inflation. Second-quarter Adjusted EBITDA increased by 14.9% compared to the prior quarter, with more favorable pricing offsetting the impact of the aforementioned headwinds related to Russia, China and the supply chain.
Power Transmission net sales decreased 7.7% to $543.0 million in the second-quarter compared to the prior-year quarter, reflecting a core revenue decrease of 2.4% and unfavorable foreign currency effects of 5.3%. The segment saw solid growth in the Mobility and Diversified Industrial end markets offset by its disproportionate exposure to the headwinds in Russia and China, as well as the raw material availability challenges.
Power Transmission Adjusted EBITDA was $102.4 million compared to $149.6 million in the prior-year quarter. The decline in Adjusted EBITDA was driven primarily by lower volumes in China and Russia, as well as production inefficiencies due to raw material availability challenges. The segment also experienced inefficiencies from start-up costs related to the ramp-up of targeted capacity, which is expected to come online in the second half of the year in support of the Company's growth initiatives.
Fluid Power net sales increased 11.4% to $363.8 million in the second-quarter, as compared to the prior-year quarter, reflecting a core revenue increase of 14.3% and 2.9% of unfavorable foreign currency effects. The segment generated double-digit core revenue growth across all end markets, with the strongest growth coming in the Automotive Replacement business.
Fluid Power Adjusted EBITDA was $77.7 million compared to $66.4 million in the prior-year quarter, resulting in margin expansion of 110 basis points compared to the prior-year period. The increase in Adjusted EBITDA includes strong price realization to offset inflation, as well as contributions from higher-margin, recently introduced products.
During the second quarter of 2022, the Company generated $23.6 million of cash from operations. Second-quarter capital expenditures decreased to $20.1 million from $23.8 million in the prior-year period.
As of July 2, 2022, the Company had total cash and cash equivalents of $393.2 million and total outstanding debt of $2.6 billion, as well as committed borrowing headroom of $404.3 million.
To reflect the current market conditions, the Company is updating its full-year 2022 outlook. The Company continues to see the demand environment as constructive and now expects core revenue growth in the range of 6% to 9%. Adjusted EBITDA is now expected in the range of $705 million to $755 million, reflecting the negative impact of larger foreign currency headwinds from a stronger U.S. dollar, continued supply chain challenges and China exhibiting a slower pace of recovery from the COVID lockdowns. Adjusted Earnings per Share are now expected to be between $1.15 and $1.25, reflecting the negative impact of the aforementioned items partially offset by favorable impact from tax, non-controlling interest and other items. The updated Adjusted Earnings per Share range continues to include tax and other headwinds of $0.27 per share at the midpoint, primarily due to benefits from certain discrete tax items in 2021. The Company expects capital expenditures to be approximately $100 million and Free Cash Flow conversion is now expected to be greater than 75% of Adjusted Net Income, reflecting higher inventory levels to mitigate the supply chain reliability challenges.
Gates Industrial Corporation plc will host a conference call today at 10:00 a.m. Eastern Time to discuss the Company's financial results. The live webcast of the conference call and accompanying presentation materials can be accessed through Gates Industrial's website at investors.gates.com. For those unable to access the webcast, the conference call can be accessed by dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) and requesting the Gates Industrial Corporation Second Quarter 2022 Earnings Conference Call or providing the Conference ID of 5772067. An audio replay of the conference call can be accessed by dialing (800) 770-2030 (domestic) or +1 (647) 362-9199 (international), and providing the passcode 5772067, or by accessing Gates Industrial's website at investors.gates.com.
Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers, and to original equipment ("first-fit") manufacturers as specified components. Gates participates in many sectors of the industrial and consumer markets. Our products play essential roles in a diverse range of applications across a wide variety of end markets ranging from harsh and hazardous industries such as agriculture, construction, manufacturing and energy, to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners and virtually every form of transportation. Our products are sold in more than 120 countries across our four commercial regions: the Americas; Europe, Middle East & Africa; Greater China; and East Asia & India.
This press release contains 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. In some cases, you can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "predicts," "intends," "trends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. These statements include, but are not limited to, statements related to expectations regarding the performance of the Company's business and financial results (including growth initiatives and margin expansion), expectations regarding the supply chain (including raw material and logistics availability, timeliness and costs), demand trends and growing backlog, currency-related trends, cash generation capabilities, capital deployment options, investments in innovation, investments in production capacity, product initiatives, pricing actions, the recovery of certain markets, including China, and statements regarding the impact of and the recovery from the COVID-19 pandemic and our outlook for 2022. Such forward-looking statements are subject to various risks and uncertainties, including, among others, economic, political and other risks associated with international operations (including those related to the Russia-Ukraine conflict), the uncertainties relating to the impact of the COVID-19 pandemic and associated governmental measures, risks inherent to the manufacturing industry, macroeconomic factors beyond the Company's control (including material and logistics availability, inflation, supply chain and labor challenges and end-market recovery), continued operation of our manufacturing facilities, our ability to forecast and meet demand, market acceptance of new products, and the significant influence of the Company's majority shareholders, investment funds affiliated with Blackstone Inc. Additional factors that could cause the Company's results to differ materially from those described in the forward-looking statements can be found under the section entitled "Risk Factors" of the Company's Annual Report on Form 10-K for the fiscal year ended January 1, 2022, filed with the Securities and Exchange Commission ("SEC"), as such factors may be updated from time to time in the Company's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
This press release includes certain non-GAAP financial measures, which management believes are useful to investors, securities analysts and other interested parties. Management uses Adjusted EBITDA as its key profitability measure. This is a non-GAAP measure that represents EBITDA before certain items that impact comparison of the performance of our business either period-over-period or with other businesses. We use Adjusted EBITDA as our measure of segment profitability to assess the performance of our businesses, and it is used for total Gates as well because we believe it is important to consider our total profitability on a basis that is consistent with that of our operating segments. Adjusted EBITDA Margin is Adjusted EBITDA for a particular period expressed as a percentage of revenues for that period.
Management uses Adjusted Net Income as an additional measure of profitability. Adjusted Net Income is a non-GAAP measure that represents net income attributable to shareholders before certain items that impact comparison of the performance of our business, either period-over-period or with other businesses.
Core revenue growth is a non-GAAP measure that represents net sales for the period excluding the impacts of movements in foreign currency rates and the first-year impacts of acquisitions and disposals, where applicable. We present core revenue growth because it allows for a meaningful comparison of year-over-year performance without the volatility caused by foreign currency gains or losses, or the incomparability that would be caused by the impact of an acquisition or disposal.
Management uses Free Cash Flow to measure cash generation. Free Cash Flow is a non-GAAP measure that represents net cash provided by operations less capital expenditures. Free Cash Flow Conversion is a measure of Free Cash Flow expressed as a percentage of Adjusted Net Income. We use this metric as a measure of the success of our business in converting Adjusted Net Income into cash.
Management uses Net Leverage as a measure of our liquidity and in assessing the strength of our balance sheet. Net Leverage is a non-GAAP measure that represents the number of times by which net debt (principal amount of debt less cash and cash equivalents) exceeds Adjusted EBITDA for the last twelve months of the applicable period.
These non-GAAP financial measures should be considered only as supplemental to, and not as superior to, financial measures prepared in accordance with GAAP. Please see below for a reconciliation of historical non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with GAAP. Because GAAP financial measures on a forward-looking basis are not accessible, and reconciling information is not available without unreasonable effort, we have not provided reconciliations for forward-looking non-GAAP measures. For the same reasons, we are unable to address the probable significance of the unavailable information, which could be material to future results.
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SOURCE Gates Industrial Corporation plc
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https://www.kxii.com/prnewswire/2022/08/05/gates-industrial-reports-second-quarter-2022-results/
| 2022-08-05T12:59:47Z
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Providing users with an interactive and personalised search experience for the past 2 years
SHENZHEN, China, June 30, 2022 /PRNewswire/ -- HUAWEI's Petal Search celebrates its 2nd year anniversary, looking back at how much the search engine has grown in the pursuit of the vision to be an All-In-One Search Engine.
Since Petal Search's inception back in May 2020, the search engine has grown from strength to strength. Even as Petal Search serves on a global level, it continues to provide personalised local search results to its users. Within the past two years, the search engine has improved tremendously in all regards. Petal Search now supports more than 70 languages in over 170 countries and regions and has become a popular search engine.
Within the past two years, the search engine has improved tremendously in all regards. In addition to that, Huawei's Petal Search continues to forge numerous partnerships with over 3,000 partners to date, working hand in hand to enrich its vast ecosystem.
2020: Building basic search capabilities for global users
With the vital importance of online search engines in our daily lives and the simplicity of the Search bar, users are connected seamless to content on the internet. Simply by typing keywords, users can gain access to every relevant and available content online.
With that in mind, Huawei set out to create its own mobile service and search engine. After a period of gruelling tests, Huawei launch Petal Search which is pre-installed on all Huawei smartphones. And Search servers as Huawei Mobile Services (HMS) native search engine.
Building on Huawei's 1+8+N Seamless AI Life strategy, Petal Search built on its own search capabilities in the global market to provide users with search and query capabilities based on specific technical functions and all-scenario capabilities. In November, Petal Search once again brought a variety of new features to its users. Introducing three new search verticals such as Nearby, Shopping and Travel, Petal Search provides a close loop search service for its users, directing them straight to the results without having to leave the page. Other unique tools such as weather updates, calculator and real time currency exchange rates are also provided to allow user quick access these needed services.
User trends are a crucial point in the development of Petal Search. With the growing use of other search methods on search engines, Petal Search provides users with Multimodal search capabilities allowing users with more ways to search for content.
Even with an overly saturated search engine landscape, Petal Search's unique services and the elevated search experience that is offered draws more users towards selecting it as their search engine of choice.
2021: Rapid development providing users with an All-In-One search platform
Together with more than 3,000 partners, Petal Search provides users with a variety of services on one single platform further working to its goal of being an All-In-One Search Engine.
Furthermore, Petal Search upgraded its user interface for a more seamless interaction and introduced Petal GO which allows users to subscribe to a variety of Cards ranging from daily news, entertainment and many more.
To create a personalised experience, Petal Search provides localised Box services based on the different service requirements of countries and regions. For example, users who in Singapore can access the "Shared Umbrella" Box by typing those keywords into the search bar. Users will be provided with locations with umbrella sharing services. With over 300 localised Boxes such as "Property Rental" in Madrid and "Job" in United Kingdom, users are provided with unique information based on the location they are in.
Through the introduction of its unique features and experiences, Petal Search has distinguished itself amongst the other search engines in the market.
Huawei recognises the concerns of users when it comes to Privacy and security. With all these personal information, Petal Search unites the hardware-based security and safety technologies to ensure the standards of data privacy and security for Huawei users with certified ePrivacyseal data protection and GDPR compliances. Using Privacy Center, users are allowed to choose between search modes, standard or smart, to better help in their search process.
With great growth within its first year, Petal Search continues in its journey to improving the search experience for its users.
2022: Developing the Next-Generation Search Engine
This year, Petal Search continues to be committed to become the search engine of choice for users globally. According to Statcounter's metrics, Petal Search ranks as the top 3 Mobile Search Engines in more than 18 countries.
Petal Search continues to expand on current services, providing more than 500 new localised Box services and over 20 vertical search categories. Petal Search also continues to better under its users with improvements in its multi-modal search capabilities.
As Petal Search works on its features and functions, it continues in its commitment to helping users across the world to find what they are looking for and curate high quality content, all while keeping users' data safe, private, and secure. In addition to the security certifications, Petal Search provides a Safe Search function to allow users to safety display search results and notify users regarding the source of information to ensure authentic results are displayed.
With the current search engines matching users with the results, they are looking for, Petal Search aims to provide users with more by connecting people to the services they need.
The team behind Petal Search continues to upgrade the search tool and offer users with an enhanced search experience. With key aspects such as all-scenario collaboration, service ecosystem, user scenarios, human connections and conversational interaction capabilities, Petal Search continues to grow and evolve to better serve users with next generation of search engines capabilities.
To download and experience Petal Search, please visit: https://bit.ly/3rpGYGY
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SOURCE Petal Search, Huawei
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https://www.kxii.com/prnewswire/2022/06/30/petal-search-celebrates-incredible-growth-its-2nd-anniversary/
| 2022-06-30T17:19:52Z
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- Keynotes and interactive sessions with HR leaders from LEGO, Chevron, Microsoft, IBM, L'Oréal USA, Bon Secours Mercy Health, Cedars-Sinai, and more, now announced for the May 23-25 event
- Visionary "TED Talk" style keynotes, panel discussions, fireside chats, and hands-on workshops, on how to build an "irresistible" organization that attracts and amplifies talent
OAKLAND, Calif., April 27, 2022 /PRNewswire/ -- The Josh Bersin Company, a research and advisory company focused on HR and workforce strategies, has released further details about its upcoming global HR event, Irresistible: a first of its kind, three-day conference, which will bring together pioneering HR executives from the world's top brands to share their challenges and successes, equipping delegates with the tools and methods to build an Irresistible Organization.
Keynote and major session highlights of the inaugural event, Irresistible 2022, announced to date:
- Felicia Washington, CHRO at the University of Southern California (USC), and Josh Bersin, global HR research analyst and CEO of The Josh Bersin Company, opening the event with their vision of The Future of HR and The Irresistible Organization, drawing on the latest research findings.
- Highlighting the new ground now being broken in workplaces around the world, a much-anticipated keynote on the Reinvention of Work – featuring Kathleen Hogan, Chief People Officer at Microsoft; Nickle LaMoreaux, Chief Human Resources Officer at IBM; Rhonda Morris, Vice President and Chief Human Resources Officer at Chevron; and Patricia Frost, CHRO at Seagate Technology. It will examine the environment and experience for employees is in the post-Covid era. Speakers will talk candidly about how the pandemic disrupted and forced change in organizations, and their most critical takeaways as they adapted and innovated during this process.
- Ray Narine, Head of Employee Experience & Deputy Diversity Officer at Consumer Reports, will present her predictions for Human-Centered HR in the context of the deep impact of the pandemic, societal shifts, and constant transformation which have disrupted traditional working patterns and previously relied-upon sources of motivation and wellbeing.
- On the timely theme of The Future of Inclusion & Belonging, Josh Bersin will introduce Loren Shuster, Chief People Officer at The LEGO Group; Stephané Charbonnier, CHRO at L'Oréal USA; Joe Gage, Chief Human Resources Officer at Bon Secours Mercy Health; and Andy Ortiz, SVP & Chief Human Resources Officer at Cedars-Sinai, for a keynote examining emerging best practice around equity and inclusion in the workplace, and new approaches to workplace community as remote and hybrid working models persist beyond the pandemic.
- Sarah Townsend, Vice Dean for Diversity, Equity, and Inclusion and Associate Professor of Management and Organization at USC Marshall School of Business, will lead a session on what it means in practice to Foster a Culture of Inclusion in the modern age.
- A prestigious panel of thought leaders, including Alexandra Badenoch, Group Executive Transformation, Communications & People CHRO at Telstra; Chris Bedi, CIO, ServiceNow; Tamara Bray, CHRO DCP at Midstream, Jacqui Canney, Chief People Officer at ServiceNow; and Bevin Desmond, Chief Talent & Culture Officer at Morningstar will explore and discuss Digital Disruption & The Future of Work.
- Florenta Teodoridis, Assistant Professor of Management and Organization, USC Marshall School of Business, will consider the potential for applying Artificial Intelligence in Human Resource Management and how HR leaders can navigate people's fears as they harness the latest smart tech-based opportunities for enhancing employees' experiences and the way they work.
- Donna Morris, Executive Vice President and Chief People Officer of Walmart and Amy Coleman, Corporate Vice President, Human Resources & Corporate Functions at Microsoft will share exclusive insights during a special event hosted by Josh Bersin at the California Science Center
Irresistible 2022 takes place May 23-25 at the University of Southern California (USC) in Los Angeles. Hosted in partnership with USC Marshall School of Business Executive Education, it will bring together an unprecedented number of industry-leading CHROs, including Cynthia Burks, former CHRO, Genentech and Joyce Westerdahl, Executive Vice President, Human Resources, Oracle. As well as those giving keynotes, practitioner leaders from Amazon.com, Babson College Prudential, Uber and Walmart will also play an active role in sessions at the event.
Six hands-on conference tracks and 20 individual breakout sessions will deep-dive into:
- The HR Organization of the Future
- The Irresistible Employee Experience
- Becoming a Healthy Organization
- Learning and Development at Scale
- Recruiting and Retaining the Best
- HR Technology Excellence.
Josh Bersin, global HR research analyst and CEO of The Josh Bersin Company, said:
"Irresistible 2022 is ground-breaking in every way, and this is reflected in the caliber of speakers who have sought out this event as a platform to share first-hand experiences, lessons, fears and ideas as we all play our own part in reimagining the workplace and the role of HR. We're thrilled with the line-up, and there's more to be announced as further sessions and speakers are confirmed – so we encourage people to keep checking back for the latest announcements.
"This is the ultimate HR networking and educational event—not to be missed in the midst of one of the most difficult and challenging labor markets in many decades. Once and for all, the power has shifted to employees who are looking for irresistible employers and work experiences. This unprecedented forum that is Irresistible 2022 will equip attendees with all of the fresh inspiration and tools they need to create and keep building that environment, so that the best talent comes—and stays. Best of all—it's in person. See you there!"
Register here. More information can be found here.
About The Josh Bersin Company
The Josh Bersin Company provides a wide range of research and advisory services as well as a corporate membership program, to help HR leaders and professionals tackle the ever-evolving challenges and needs of today's workforce. We cover all topics in HR, talent, and L&D, including diversity, equity, and inclusion; employee experience; remote and hybrid work; wellbeing; HR strategy and capabilities; learning and career mobility; HR technology; organization design and development; and talent acquisition and mobility. With the Global Workforce Intelligence (GWI) Project, The Josh Bersin Company expands its support of market-leading businesses by helping them navigate the challenges of industry convergence while remaining future-focused.
Under the company's umbrella is the Josh Bersin Academy, the world's first global development academy for HR and talent professionals and a transformation agent for HR organizations. The Academy, which has seen more than 50,000 program enrollments since its 2019 launch, offers content-rich online courses, a carefully curated library of tools and resources, and a global community that helps HR and talent professionals stay current on the trends and practices needed to drive organizational success in the modern world of work.
For more information, visit www.joshbersin.com or email info@bersinpartners.com.
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| 2022-04-27T19:28:13Z
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Centerspace Reports Second Quarter 2022 Financial Results
Published: Aug. 1, 2022 at 4:44 PM EDT|Updated: 52 minutes ago
MINNEAPOLIS, Aug. 1, 2022 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today its financial and operating results for the three and six months ended June 30, 2022. The tables below show Net Income, Funds from Operations ("FFO")1, and Core FFO1, all on a per share basis, for the three and six months ended June 30, 2022; Same-Store Revenues, Expenses, and Net Operating Income ("NOI")1 over comparable periods; and Same-Store Weighted-Average Occupancy for each of the three months ended June 30, 2022, March 31, 2022, and June 30, 2021.
Highlights
Net Loss was $0.30 per diluted share for the second quarter of 2022, compared to Net Income of $1.48 per diluted share for the same period of 2021;
Core FFO increased 14.3% to $1.12 per diluted share for the three months ended June 30, 2022, compared to $0.98 for the three months ended June 30, 2021;
Same-store revenues increased by 11.7% for the second quarter of 2022 compared to the second quarter of 2021, driving an 11.5% increase in NOI compared to the same period of the prior year; and
Revised 2022 financial outlook, increasing our guidance range for net loss per share to $0.31 to $0.14 per diluted share. We also increased our same-store NOI growth guidance for 2022 to 10.0% to 12.0%, an increase of 2% over our previous guidance range. This resulted in an increase in the Core FFO guidance range to $4.45 to $4.61 per diluted share.
Balance Sheet
At the end of the second quarter, Centerspace had $196.2 million of total liquidity on its balance sheet, consisting of $183.0 million available under the lines of credit and cash and cash equivalents of $13.2 million.
Revised 2022 Financial Outlook
Centerspace revised its 2022 financial outlook and increased its earnings per share, Core FFO and same-store NOI guidance. For additional information, see S-17 of the Supplemental Financial and Operating Data for the quarter ended June 30, 2022 included at the end of this release. These ranges should be considered in their entirety. The table below reflects the revised outlook.
Earnings Call
Supplemental Information
Supplemental Operating and Financial Data for the quarter ended June 30, 2022 included herein ("Supplemental Information"), is available in the Investors section on Centerspace's website at www.centerspacehomes.com or by calling Investor Relations at 701-837-7104. Non-GAAP financial measures and other capitalized terms, as used in this earnings release, are defined and reconciled in the Supplemental Financial and Operating Data, which accompanies this earnings release.
About Centerspace
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, as of June 30, 2022, Centerspace owned 83 apartment communities consisting of 14,838 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2021 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.
Forward-Looking Statements
Certain statements in this press release and the accompanying Supplemental Operating and Financial Data are based on the company's current expectations and assumptions, and are "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. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements to be materially different from the results of operations, financial conditions, or plans expressed or implied by the forward-looking statements. Although the company believes the expectations reflected in its forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be achieved. Such risks, uncertainties, and other factors that might cause such differences include, but are not limited to those risks and uncertainties detailed from time to time in Centerspace's filings with the Securities and Exchange Commission, including the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" contained in its Annual Report on Form 10-K for the year ended December 31, 2021, in its subsequent quarterly reports on Form 10-Q, and in other public reports. The company assumes no obligation to update or supplement forward-looking statements that become untrue due to subsequent events.
CENTERSPACE NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS (unaudited)
This release contains certain non-GAAP financial measures. The non-GAAP financial measures should not be considered a substitute for operating results determined in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The definitions and calculations of these non-GAAP financial measures, as calculated by us, may not be comparable to non-GAAP financial measures reported by other REITs that do not define each of the non-GAAP financial measures exactly as Centerspace does.
The company provides certain information on a same-store and non-same-store basis. Same-store apartment communities are owned or in service for substantially all of the periods being compared, and, in the case of newly-constructed properties, have achieved a target level of physical occupancy of 90%. On the first day of each calendar year, Centerspace determines the composition of its same-store pool for that year as well as adjusts the previous year, which allows us to evaluate full period-over-period operating comparisons for existing apartment communities and their contribution to net income. The company believes that measuring performance on a same-store basis is useful to investors because it enables evaluation of how a fixed pool of its communities are performing year-over-year. Centerspace uses this measure to assess whether or not the company has been successful in increasing NOI, renewing the leases on existing residents, controlling operating costs, and making prudent capital improvements.
Reconciliation of Operating Income (Loss) to Net Operating Income
Net operating income, or NOI, is a non-GAAP financial measure which the company defines as total real estate revenues less property operating expenses, including real estate taxes. Centerspace believes that NOI is an important supplemental measure of operating performance for real estate because it provides a measure of operations that is unaffected by depreciation, amortization, financing, property management overhead, casualty losses, and general and administrative expenses. NOI does not represent cash generated by operating activities in accordance with GAAP and should not be considered an alternative to net income, net income available for common shareholders, or cash flow from operating activities as a measure of financial performance.
* Not a meaningful percentage
* Not a meaningfulpercentage
Reconciliation of Same-Store Controllable Expenses to Total Property Operating Expenses, Including Real Estate Taxes
Same-store controllable expenses exclude real estate taxes and insurance, in order to provide a measure of expenses that are within management's control, and is used for the purposes of budgeting, business planning, and performance evaluation. This is a non-GAAP financial measure and should not be considered an alternative to total expenses or total property operating expenses.
Reconciliation of Net Income (Loss) Available to Common Shareholders to Funds From Operations and Core Funds From Operations
Centerspace believes that FFO, which is a non-GAAP financial measure used as a standard supplemental measure for equity real estate investment trusts, is helpful to investors in understanding its operating performance, primarily because its calculation does not assume that the value of real estate assets diminishes predictably over time, as implied by the historical cost convention of GAAP and the recording of depreciation.
Centerspace uses the definition of FFO adopted by the National Association of Real Estate Investment Trusts, Inc. ("Nareit"). Nareit defines FFO as net income or loss calculated in accordance with GAAP, excluding:
depreciation and amortization related to real estate;
gains and losses from the sale of certain real estate assets; and
impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity.
The exclusion in Nareit's definition of FFO of gains and losses from the sale of real estate assets and impairment write-downs helps to identify the operating results of the long-term assets that form the base of the company's investments, and assists management and investors in comparing those operating results between periods.
Due to the limitations of the Nareit FFO definition, Centerspace has made certain interpretations in applying this definition. The company believes that all such interpretations not specifically identified in the Nareit definition are consistent with this definition. Nareit's FFO White Paper 2018 Restatement clarified that impairment write-downs of land related to a REIT's main business are excluded from FFO and a REIT has the option to exclude impairment write-downs of assets that are incidental to its main business.
While FFO is widely used by Centerspace as a primary performance metric, not all real estate companies use the same definition of FFO or calculate FFO in the same way. Accordingly, FFO presented here is not necessarily comparable to FFO presented by other real estate companies. FFO should not be considered as an alternative to net income or any other GAAP measurement of performance, but rather should be considered as an additional, supplemental measure. FFO also does not represent cash generated from operating activities in accordance with GAAP, nor is it indicative of funds available to fund all cash flow needs, including the ability to service indebtedness or make distributions to shareholders.
Core Funds from Operations ("Core FFO") is FFO as adjusted for non-routine items or items not considered core to business operations. By further adjusting for items that are not considered part of core business operations, the company believes that Core FFO provides investors with additional information to compare core operating and financial performance between periods. Core FFO should not be considered as an alternative to net income, or any other GAAP measurement of performance, but rather should be considered an additional supplemental measure. Core FFO also does not represent cash generated from operating activities in accordance with GAAP, nor is it indicative of funds available to fund the company's cash needs, including its ability to service indebtedness or make distributions to shareholders. Core FFO is a non-GAAP and non-standardized financial measure that may be calculated differently by other REITs and should not be considered a substitute for operating results determined in accordance with GAAP.
Reconciliation of Net Income (Loss) Available to Common Shareholders to Adjusted EBITDA
Adjusted EBITDA is earnings before interest, taxes, depreciation, amortization, gain/loss on sale of real estate and other investments, impairment of real estate investments, gain/loss on extinguishment of debt, gain/loss from involuntary conversion; and other non-routine items or items not considered core to business operations. The company considers Adjusted EBITDA to be an appropriate supplemental performance measure because it permits investors to view income from operations without the effect of depreciation, the cost of debt, or non-operating gains and losses. Adjusted EBITDA is a non-GAAP financial measure and should not be considered a substitute for operating results determined in accordance with GAAP.
Reconciliation of Net Income (Loss) Available to Common Shareholders to FFO and Core FFO
The following table presents reconciliations of Net income (loss) available to common shareholders to FFO and Core FFO, which are non-GAAP financial measures described in greater detail under "Non-GAAP Financial Measures and Reconciliations." They should not be considered as alternatives to net income or any other GAAP measurement of performance, but rather should be considered as an additional, supplemental measure. FFO and Core FFO also do not represent cash generated from operating activities in accordance with GAAP, nor are they indicative of funds available to fund all cash needs, including the ability to service indebtedness or make distributions to shareholders. The outlook and projections provided below are based on current expectations and are forward-looking.
Reconciliation of Operating Income to Net Operating Income
Net operating income, or NOI, is a non-GAAP financial measure which the company defines as total real estate revenues less property operating expenses, including real estate taxes. Centerspace believes that NOI is an important supplemental measure of operating performance for real estate because it provides a measure of operations that is unaffected by depreciation, amortization, financing, property management overhead, casualty losses, and general and administrative expenses. NOI does not represent cash generated by operating activities in accordance with GAAP and should not be considered an alternative to net income, net income available for common shareholders, or cash flow from operating activities as a measure of financial performance.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc.
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| 2022-08-01T21:36:16Z
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"2022 Guidelines At-A-Glance, Prostate Edition" booklets available exclusively at Exact Sciences' AUA2022 Booth (#647) in New Orleans, May 12-16
MADISON, Wis., May 11, 2022 /PRNewswire/ -- Exact Sciences Corp., a global leader in advanced cancer diagnostics, today announced the American Urological Association (AUA) updated their guidelines to include genomic assays, such as the Oncotype DX Genomic Prostate Score® (GPS™) test, when treating men with localized prostate cancer. The 2022 guidelines now state that clinicians may selectively use tissue-based genomic biomarkers when added risk-stratification may alter clinical decision-making. Exact Sciences will exclusively offer the at-a-glance booklets of the prostate cancer guidelines and exhibit its full portfolio of prostate cancer genomic tests at booth #647 during the AUA 2022 Annual Meeting from May 12-16 in New Orleans. This is the first in-person AUA meeting where Exact Sciences will feature its full Oncotype® portfolio of urologic genomic assays, including the Oncotype DX® GPS test for localized prostate cancer; the Oncotype MAP™ Pan-Cancer Tissue test for solid tumors, including advanced prostate cancer; and the Oncotype DX AR-V7 Nucleus Detect® test for metastatic castration-resistant prostate cancer.
"We're pleased that the updated guidelines recognize the impact genomic assays can have on treatment decision making for men with localized prostate cancer," said Daniel Shoskes, MD, MSc, FRCS(C), Medical Director of Urologic Oncology Medical Affairs at Exact Sciences and Emeritus Professor of Urology at The Cleveland Clinic. "While every patient is unique, clinical guidelines can help physicians offer the best evidence-based care using the most current data. The Oncotype DX GPS test is one of the most rigorously studied assays in localized prostate cancer patients, helping physicians refine risk stratification and make decisions between active surveillance and definitive treatment in low-risk patients, and to determine treatment intensity in higher-risk patients."
Key AUA activities featuring the Oncotype portfolio during the meeting include:
Thursday, May 12: Advanced Prostate Cancer: Practical Considerations for Incorporating Genomic Profiling in Practice
Topic: Learn How Genomic Profiling Can Help Guide Therapy Selection for Advanced Prostate Cancer
Presenter: Gautam Jayram, MD
Co-director, Advanced Therapeutic Center Urology Associates, PC
Time: 11:45 AM - 1:00 PM CT
Location: Room 267, Hilton New Orleans Riverside
Friday, May 13: Industry Clinical Update Theater #1043
Topic: A Case Based Discussion: Individualizing Localized Prostate Cancer Treatment Decisions with the Oncotype DX® GPS™ Assay
Presenters: Stephen Canfield, MD
Chief of Urology / Memorial Hermann-Texas Medical Center / McGuire Distinguished Chair in Urology / McGovern Medical School at UTHealth
Edward Uchio, MD
Jerry D. Choate Chair in Urologic Oncology / Director of Clinical Research / Professor, Department of Urology / University of California, Irvine
Daniel Shoskes, MD, MSc, FRCS(C)
Medical Director, Urologic Oncology Medical Affairs, Exact Sciences / Emeritus Professor of Urology, The Cleveland Clinic
Time: 9:30 - 10:30 AM CT
Location: Booth #647
Sunday, May 15: Urologic Society for American Veterans Presentation
Topic: Performance of the Oncotype DX Genomic Prostate Score® Test in African American Patients with Localized Prostate Cancer
Presenter: Daniel Shoskes, MD, MSc, FRCS(C)
Medical Director, Urologic Oncology Affairs at Exact Sciences / Emeritus Professor of Urology, The Cleveland Clinic
Time: 12:50 - 1:10 PM CT
Location: St. Charles Ballroom, Hilton New Orleans Riverside
In addition to the above presentations, Exact Sciences is hosting an Advocacy Roundtable on Sunday, May 15 from 7:00 - 8:30 AM CT. Leading prostate cancer and pan-cancer patient advocacy groups are invited to hear the latest updates on Exact Sciences' prostate cancer genomic tests and to learn more about the company.
For more information about Exact Sciences' AUA events and programming, visit https://www.oncotypeiq.com/en-US/announcements/AUA
About the Oncotype Portfolio of Prostate Cancer Tests
The Oncotype portfolio of prostate cancer tests applies advanced genomic science to reveal the unique biology of a patient's tumor in order to help optimize cancer treatment decisions. The Oncotype DX Genomic Prostate Score test is designed for men with low-, intermediate-, and high-risk localized prostate cancer to help guide treatment decisions at the time of diagnosis, and the Oncotype DX AR-V7 Nucleus Detect test helps determine which patients with metastatic castration-resistant prostate cancer (mCRPC) are resistant to androgen receptor (AR)-targeted therapies. Patients with advanced prostate cancer, who eventually progress on hormonal agents, may benefit from the Oncotype MAP Pan-Cancer Tissue test, which delivers comprehensive tumor profiling and identifies actionable genomic and proteomic alterations within 3-5 business days1 to determine eligibility for targeted therapeutic options. To learn more about the Oncotype urology portfolio of tests, visit www.OncotypeIQ.com or www.MyProstateCancerTreatment.org.
About Exact Sciences Corp.
A leading provider of cancer screening and diagnostic tests, Exact Sciences relentlessly pursues smarter solutions providing the clarity to take life-changing action, earlier. Building on the success of the Cologuard® and Oncotype® tests, Exact Sciences is investing in its product pipeline to support patients before and throughout their cancer diagnosis and treatment. Exact Sciences unites visionary collaborators to help advance the fight against cancer. For more information, please visit the company's website at www.exactsciences.com, follow Exact Sciences on Twitter @ExactSciences, or find Exact Sciences on Facebook.
NOTE: Oncotype, Oncotype DX, Oncotype DX Genomic Prostate Score, GPS, Oncotype MAP Pan-Cancer Tissue, and Oncotype DX AR-V7 Nucleus Detect are trademarks of Genomic Health, Inc. Exact Sciences and Cologuard are trademarks of Exact Sciences Corporation.
Forward-Looking Statements
This news release contains forward-looking statements concerning our expectations, anticipations, intentions, beliefs or strategies regarding the future. These forward-looking statements are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties that could cause actual results, conditions and events to differ materially from those anticipated. You should not place undue reliance on forward-looking statements. Risks and uncertainties that may affect our forward-looking statements are described in the Risk Factors sections of our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, and in our other reports filed with the Securities and Exchange Commission. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Media Contact: Stephanie Spanos, sspanos@exactsciences.com; 608-556-4380
1 Data on file. Turnaround time is based on qualified sample receipt.
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| 2022-05-11T14:23:49Z
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The pediatric hospital's Antimicrobial Stewardship Program is nationally recognized for playing an important role in optimizing the use of antibiotics for better patient and hospital outcomes
AURORA, Colo., Sept. 7, 2022 /PRNewswire/ -- Children's Hospital Colorado (Children's Colorado) announced today a Colorado collaboration on antimicrobial stewardship and best practices for hospitals to improve the optimization and use of antibiotics leading to better pediatric patient outcomes.
Daniel Dodson, MS, MD, lead researcher and assistant professor at UC Davis Medical Center, under the leadership of Sarah Parker, MD, infectious disease specialist at Children's Colorado, partnered with the Colorado Department of Public Health and Environment (CDPHE) to review stewardship implementation in adult and pediatric, urban and rural hospitals across Colorado. The goal of this survey was to identify best practices, share resources and bridge gaps in various understandings of antimicrobial stewardship for various age groups and care plans.
"Antimicrobial resistance is a big problem in the United States. Unnecessary antibiotics may sound harmless, but they are not. They carry many different types of risks for individuals and populations," said Dr. Dodson. "By implementing best practices for an antimicrobial stewardship program in hospitals, we will be able to coordinate and promote the appropriate use of antibiotics to improve pediatric patient outcomes, reduce microbial resistance and decrease the spread of infections caused by multidrug-resistant organisms."
Of the 100 surveys sent to hospitals, 41 responded about their stewardship program implementation. The survey inquired about core elements of an antimicrobial stewardship program such as leadership, commitment, accountability, drug expertise, actions to improve antibiotic use, tracking, reporting and education. Drs. Dodson and Parker followed up with survey respondents and conducted individual interviews to learn more about best practices, challenges and barriers to implementing a stewardship program.
"80% of hospitals met stewardship standards, but they weren't consistently implementing best methods of stewardship and communicating how to improve antibiotic prescribing to combat antibiotic resistance," Dr. Dodson said. "There is no 'one size fits all' approach to optimize antibiotic use for all settings. The complexity of medical decision-making surrounding antibiotic use and the variability in facility size and types of care require flexible programs and activities. Hospitals that have antimicrobial stewardship programs help providers understand if a patient should be on an antibiotic by asking a few simple questions such as – is this the right drug, right dose, right duration?"
Previous work through the Children's Colorado stewardship team found that when a best-practice "handshake" antimicrobial stewardship program is in place, it can do the following:
- Save an average of $2 million each year in prescription drug costs
- Identify whole system-wide issues (noticing when surgeons are all prescribing one antibiotic, etc.)
- Significantly change a patient's care when stewards have identified opportunities for a medicine/prescription change
- Inform the entire team – nurses, other team members – so everyone can advocate for a patient's care plan
"Implementing a pediatric-focused antimicrobial stewardship program is critical because of the differences in antimicrobial need and use among a pediatric population, vulnerability for resistance due to a longer period of antibiotic exposure and increased risk of adverse events," said Dr. Parker. "It's so important to implement 'handshake stewardship' to establish strong communication of interventions in person between a pharmacist, physician team, care team and family being cared for. Context is everything and discussing the nuances of a child's antibiotics plan will only set them up for success while developing into adults, where conversations of antibiotics use should be ongoing."
"We have a mission to support antibiotic stewardship across the healthcare system. This partnership with Children's Hospital Colorado has allowed us to quantify resource needs in Colorado community hospitals. We are excited to now draw upon the expertise of the antibiotic stewards at Children's Colorado to mentor newer antibiotic stewardship programs and to broadly support evidence-based activities to improve antibiotic use," said Chris Czaja, MD, DrPH, Medical Epidemiologist and Healthcare Associated Infections & Antimicrobial Resistance Program Manager, CDPHE.
In 2014 the Center for Disease Control and Prevention (CDC) provided antimicrobial guidelines and standards from key healthcare partner organizations, including the Infectious Diseases Society of America, Society for Healthcare Epidemiology of America, American Society of Health System Pharmacists, Society of Infectious Diseases Pharmacists and The Joint Commission. These were updated in 2019. The CDC has been tracking antimicrobial stewardship programs and has found these programs are up 85%, though this update may not necessarily reflect best practices. Results suggest that when looking at best practices, uptake falls to 40%, and in pediatrics, it is only 14-17%. Major barriers to improved stewardship are available time and ability to gather data from medical records.
"We examined core elements of an antimicrobial stewardship program and found a critical need to implement community-wide efforts, especially in pediatrics," Dr. Dodson said. "There is an opportunity for Children's Colorado to help educate pharmacists to review antibiotics being prescribed to make sure they are correct for treating pediatric patients."
Under Dr. Parker's leadership, the Children's Colorado Handshake Stewardship program team has published key benefits to the program, including the acceptance rate, the cost savings and the sustainability of the model, making it easier for community hospitals to implement. To learn more about antimicrobial stewardship in primary care, visit this link to listen to Dr. Parker in S4:E9 of Charting Pediatrics. To learn more about the use of antibiotics, visit childrenscolorado.org.
To implement a best practice antimicrobial stewardship, please utilize the resources on the CDPHE website, found here.
Children's Hospital Colorado is one of the nation's leading and most expansive nonprofit pediatric healthcare systems with a mission to improve the health of children through patient care, education, research and advocacy. Founded in 1908 and recognized as a top 10 children's hospital by U.S. News & World Report, Children's Colorado has established itself as a pioneer in the discovery of innovative and groundbreaking treatments that are shaping the future of pediatric healthcare worldwide. Children's Colorado offers a full spectrum of family-centered care at its urgent, emergency and specialty care locations throughout Colorado, including an academic medical center on the Anschutz Medical Campus in Aurora, hospitals in Colorado Springs, Highlands Ranch and Broomfield, and outreach clinics across the region. For more information, visit www.childrenscolorado.org or connect with us on Facebook, Twitter, Instagram and YouTube.
Children's Hospital Colorado complies with applicable Federal civil rights laws and does not discriminate on the basis of race, color, national origin, age, disability, or sex.
ATENCIÓN: si habla español, tiene a su disposición servicios gratuitos de asistencia lingüística. Llame al 1-720-777-9800.
CHÚ Ý: Nếu bạn nói Tiếng Việt, có các dịch vụ hỗ trợ ngôn ngữ miễn phí dành cho bạn. Gọi số 1-720-777-9800.
http://www.hhs.gov/civil-rights/for-individuals/section-1557
Sarah Davis
sarah.davis@childrenscolorado.org
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| 2022-09-07T13:20:48Z
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GRAPHIC: Man in Army fatigues accused of raping teen; promises vape pens, affidavit reads
KILLEEN, Texas (KWTX/Gray News) - Police in Texas have arrested a man and charged him for an alleged sexual assault of two minors he reportedly lured to this apartment with the promise of giving them vape pens.
KWTX reports Peter Wesley Alfonce, 29, is facing sexual assault charges after a girl voluntarily came forward to reveal an alleged assault involving Alfonce.
According to court documents, the minor said on Feb. 11 that her friend used her Instagram account to message a man who could get them vape pens. The man, identified as Alfonce, picked up the girls at Shoemaker High School and took them to his apartment in Killeen.
Once inside the apartment, the girl said Alfonce warned them he would not let them leave until one of them performed oral sex on him.
The minor said her 15-year-old friend accompanied Alfonce to a bedroom but later came back out of the room and told her she would also have to perform oral sex on him for the two to leave.
The girl said that after being forced to perform oral sex, Alfonce told her and her friend that they’d be able to leave a lot quicker if one of them had sexual intercourse with him. The two refused.
According to the affidavit, Alfonce told one of the girls he knew she did not want to have sex with him or even look at him. So, he suggested they have sex in a position in which she would not be able to see him.
When the minor again refused, Alfonse allegedly forced her into a sexual position that he recommended and raped her.
After it was over, the girl asked for permission to use the bathroom so that she could cry, according to court documents. Alfonce eventually gave both girls the vape pens and took them to a McDonald’s before taking them back to school.
The minor said Alfonce was wearing Army fatigues and told the two girls to go into the business together and that he would provide them vape pens they could sell to other teens at school, the affidavit states.
Surveillance footage at the school allegedly showed a car dropping off the girls at around 11:30 a.m. on the day of the alleged sexual assaults.
The affidavit further states that one of the girls told Alfonce “he could go to prison” for what happened, and Alfonce told her he was in the Army and “they do not go to prison.”
While under interrogation, authorities said Alfonce acknowledged that the girl he allegedly raped did not seem mature but claimed he believed her friend was at least 18 years old.
According to court documents, investigators found messages on Alfonce’s phone in which he offered $200 in exchange for sexual intercourse with one of the girls.
Authorities said Alfonce was booked into the Bell County Jail on charges of sexual assault of a minor under 17.
Officials at nearby Fort Hood did not immediately respond if Alfonce was a soldier stationed at the post.
Copyright 2022 KWTX via Gray Media Group, Inc. All rights reserved.
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https://www.wibw.com/2022/06/03/graphic-man-army-fatigues-accused-raping-teen-after-offering-vape-pens-affidavit-reads/
| 2022-06-03T21:30:00Z
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MIAMI, June 21, 2022 /PRNewswire/ -- Tekmovil, a multinational consumer distribution and services company is proud to announce the appointment of Armando Narchi as the Head of Distribution, overseeing our TekDistribution business.
Armando brings 23+ years of global experience with over 19 years in management positions in renowned companies such as Samsung, Apple, LG Electronics, Nokia, Hughes, and Eutelsat. As an entrepreneurial-minded managing director, he brings a solid track record of growing sales revenue, expanding market share, and generating returns.
Before joining Tekmovil, Armando served as the Head of Division and VP of the Mobile Experience (MX) at Samsung Electronics Mexico. He was head of the MX Division in Mexico and helped expand Samsung's presence in Mexico with exponential revenue increase, solid profitability incrementing value/volume market share.
"We're very fortunate to have Armando onboard. His extensive knowledge, experience, and entrepreneurial skills are an essential part of our growing team of experts", said Wei Wang, CSO & Co-Founder at Tekmovil.
"I'm thrilled to embark on this new journey with Tekmovil. Their level of professionalism and strategic thinking are a big part of why they've had such rapid growth in the market. I look forward to being an integral part of the team and applying my expertise to further facilitate our growth," said Armando Narchi.
For more information on Tekmovil and the company's growing team, visit www.tekmovil.com.
Tekmovil is a highly innovative mobile technology distribution and services enterprise committed to taking the best mobile technology to new frontiers. Tekmovil leverages industry-leading expertise to provide manufacturing, network operator, and key channel partners with an edge over the competition by providing high-value services. Headquartered in Miami, Florida, Tekmovil has operations that span over 16 countries in three regions.
Tekmovil's value proposition is to disrupt the traditional distributor model with technology enabled services that seamlessly maximize brand and client performance while providing innovative, customer-driven, technology-backed services that translate to increased sales, customer satisfaction, and value for clients and their customers. As a full-service distributor of consumer electronics, we support our partners across all stages of the value chain.
To learn more about Tekmovil, visit https://www.tekmovil.com/tekdistribution.
Contact: press@tekmovil.com
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| 2022-06-21T13:44:44Z
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NEW YORK, Sept. 12, 2022 /PRNewswire/ -- ALJ Regional Holdings, Inc. ("ALJ" or the "Company") today announced that its common stock (the "Common Stock") has begun trading on the OTC Pink Market under the ticker symbol "ALJJ" effective as of the commencement of trading on September 12, 2022. The Common Stock previously traded on the Nasdaq Global Market under the same ticker symbol.
About ALJ
ALJ Regional Holdings, Inc. is the parent company of Faneuil, Inc., a leading provider of call center services, back office operations, staffing services, and toll collection services to commercial and governmental clients across the United States.
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https://www.kxii.com/prnewswire/2022/09/13/alj-regional-holdings-inc-announces-ticker-symbol-trading-otc-pink-market/
| 2022-09-13T03:26:58Z
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LOS ANGELES, Aug. 11, 2022 /PRNewswire/ -- Pacific Production Services, Inc. ("PPS"), founded in 1987, has attracted a meaningful new investment from Arena Investors, LP, Riveria Investment Group, and their affiliates. The partnership allows PPS and its wholly owned subsidiary, Pacific Traffic Control, to add to its suite of services for the film and television industry. The company supplies its customers with highly trained and skilled experts that handle a range of required regulatory and municipal permit coordination and services, including traffic and safety planning, design and staffing services.
This partnership provides PPS with the capital and expertise to act on the opportunity to fulfill the demand produced by the extraordinary growth in streaming service content, and the demand coming from the film and television industry. The investment allows PPS to pursue numerous organic growth opportunities from existing customers in its existing California market and new content production hotspots around the United States. The partnership will allow PPS to acquire and develop new technology, equipment and resources to enhance the company's coverage and maintain the first-class service our customers have come to rely upon.
Eric Nichols, President and CEO of PPS noted the firm is "extremely pleased to announce its new strategic partnership with Arena Investors and Riveria. This alliance will allow PPS to extend its considerable range of on location filming expertise, products, and services to a greater number of filming professionals, in a greater number of places."
Daniel Zwirn, CEO and CIO of Arena Investors stated, "The team at PPS has demonstrated a tremendous level of professionalism and has an excellent market reputation; its commitment to customers is among the best we have ever seen. As a direct result of its success to date, Arena has been pursuing a partnership with PPS and are now excited to announce this partnership. We will support the existing senior management team and employees and are looking forward to the future including developing new business lines, making software and technology enhancements and opening new markets."
About Pacific Production Services
PPS is the largest and most reputable film permitting agency in Los Angeles. We pride ourselves on our ability to simplify the permitting process while saving our clients time and money. The heart of our service is consultation: our coordinators get to know the needs of a project and can advise on budgets, timelines, and locations that fit a client's unique needs. Our clients include COLA and LMGI award winning location managers and location teams. We have worked on films, TV shows, commercials, music videos, and photo shoots that have gone on to win critic and audience awards around the globe. PPS has been a Gold Level sponsor of the COLAs since the beginning in 1995 and a Gold Level sponsor of the LMGIs since its inception in 2014. PPS also supports the Motion Picture Officers Association (MPOA). When it comes to film permits and traffic control expertise, PPS' quality of service is unmatched.
About Arena Investors
Arena is an institutional asset manager founded in partnership with The Westaim Corporation (TSXV: WED). With $3.6 billion of invested and committed assets under management as of August 1, 2022, and a team of over 100 employees in offices globally, Arena provides creative solutions for those seeking capital in special situations. The firm brings individuals with decades of experience, a track record of comfort with complexity, the ability to deliver within time constraints, and the flexibility to engage in transactions that cannot be addressed by banks and other conventional financial institutions. See www.arenaco.com for more information.
About Riveria Investment Group
Riveria Investment Group, headquartered in New York, NY, is a growth focused private equity firm that acquires and invests in middle-market companies based in the United States. Riveria primarily focuses on growing companies with a history of positive operating cash-flows and seeks transactions that present unique investment opportunities in industries experiencing significant growth. Riveria's private equity efforts emphasize growth and value-added strategies to generate strong returns. Riveria actively engages in the operations of portfolio companies by collaborating with management and implementing executive operating partners to grow its investments.
Media Contacts:
Prosek Partners:
Lindsay Jablonski
pro-arena@prosek.com
Arena Investors:
Parag Shah
ir@arenaco.com
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https://www.kxii.com/prnewswire/2022/08/11/pacific-production-services-reels-growth-investment-arena-investors-lp/
| 2022-08-11T18:20:36Z
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A senior founding leader of the Pakistani Taliban was killed Sunday night in a targeted attack, according to two sources within the group's leadership.
The Pakistan Taliban, known as Tehreek-e-Taliban (TTP), is a US-designated foreign terrorist organization operating in both Afghanistan and Pakistan.
TTP sources told CNN that senior commander Abdul Wali -- also known as Omar Khalid Khorasani -- was killed along with two other TTP leaders in a targeted IED attack. The deaths occured in Afghanistan's Paktika province, which borders Pakistan.
CNN has reached out to Pakistan's interior ministry for a confirmation of Wali's death, but hasn't received a response.
According to the US State Department, Wali was the leader of a TTP-affiliated militant faction known as Jamaat ul-Ahrar (JuA).
Under Wali's leadership, JuA has been one of the most operationally active TTP networks in Punjab Province, Pakistan, and has claimed responsibility for multiple attacks throughout Pakistan, according to the US State Department.
The JuA claimed responsibility for some of the deadliest terrorist attacks in Pakistan, including the Easter Sunday explosion of 2016, which killed at least 74 people and injured 362 others in a park in the city of Lahore.
The State Department's "Rewards for Justice" program offers a reward of up to $3 million for information on Abdul Wali. CNN has reached out to the US State Department for comment.
His death comes as the TTP and the Pakistani establishment work toward peace talks.
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| 2022-08-08T22:43:54Z
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Data from real estate consulting and analysis firm T3 Sixty once again puts RE/MAX on top in agent productivity
DENVER, April 21, 2022 /PRNewswire/ -- T3 Sixty recently released its 2022 Corporation report ranking the nation's largest real estate enterprises, franchise brands and brokerages. Data released in the prestigious report confirmed RE/MAX led the field of national brands in agent productivity as measured by transaction sides per agent, averaging 16.1* sides per agent. This independent result follows another respected industry survey that found RE/MAX agents at large U.S. brokerages, on average, outsold competitors by 2-to-1 in 2021.**
RE/MAX is also listed among the top three enterprises (holding companies) and franchise brands by sales volume in the T3 Sixty report. As it shows, in 2021, the nation's 20 largest enterprises accounted for 61.2 percent of the total sales for the year, up from a share of 54.8 percent in 2020. That represents the largest year-over-year jump since T3 Sixty became the first company to annually analyze enterprises in 2018.
"This report confirms the outstanding performance of RE/MAX agents in one of the hottest and most competitive housing markets we've ever seen," said Nick Bailey, President and CEO. "Industry surveys repeatedly show RE/MAX agents average more sides than agents with other major brands, which speaks volumes about the tenacity and skill RE/MAX agents deliver to homebuyers and sellers every day."
To view a side-by-side look at how RE/MAX stacks up against national, full-service competitors, download the RE/MAX vs. the Industry 2022 report here. When compared to the national, full-service brokerage brands listed on the RE/MAX report, RE/MAX also leads in U.S. brand awareness*** and global footprint, with a presence in more than 110 countries and territories.
*Source: U.S. transaction sides per agent are calculated from the T3 Sixty Real Estate Almanac Enterprises report, citing 2021 transaction sides, some of which are estimated by T3 Sixty.
**Based on average transaction sides per agent calculated from data in the RealTrends 500 survey of large U.S. brokerages.
*** MMR Strategy Group study of unaided awareness.
About the RE/MAX Network
As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in almost 9,000 offices and a presence in more than 110 countries and territories. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.com. For the latest news about RE/MAX, please visit news.remax.com.
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| 2022-04-21T22:06:45Z
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SAN DIEGO, Sept. 6, 2022 /PRNewswire/ -- Viking Therapeutics, Inc. ("Viking") (NASDAQ: VKTX), a clinical-stage biopharmaceutical company focused on the development of novel therapies for metabolic and endocrine disorders, today announced that the company will participate at two upcoming investor conferences.
Details of the company's participation are as follows:
- H.C. Wainwright 24th Annual Global Investment Conference
Details: Dr. Lian will deliver a corporate presentation and Viking management will participate in 1-on-1 meetings
Conference Dates: September 12-14, 2022
Presentation Timing: 12:30 – 1:00 p.m. Eastern on Wednesday, September 14, 2022
Format: Hybrid conference (in person and virtual); webcast available
- Morgan Stanley 20th Annual Global Healthcare Conference
Details: Viking management will participate in 1-on-1 meetings
Conference Dates: September 12-14, 2022
Format: In-person at Sheraton New York Hotel
A live webcast of the H.C. Wainwright presentation may be accessed via a link on the Viking Therapeutics website in the Investors & Media section under Webcasts. Additionally, a replay of the webcast will be available on the Viking website following the conferences.
Viking Therapeutics is a clinical-stage biopharmaceutical company focused on the development of novel first-in-class or best-in-class therapies for the treatment of metabolic and endocrine disorders. Viking's research and development activities leverage its expertise in metabolism to develop innovative therapeutics designed to improve patients' lives. The company's clinical programs include VK2809, a novel, orally available, small molecule selective thyroid hormone receptor beta agonist for the potential treatment of lipid and metabolic disorders, which is currently being evaluated in a Phase 2b study for the treatment of biopsy-confirmed non-alcoholic steatohepatitis (NASH) and fibrosis. In a Phase 2a trial for the treatment of non-alcoholic fatty liver disease (NAFLD) and elevated low-density lipoprotein-cholesterol (LDL-C), patients who received VK2809 demonstrated statistically significant reductions in LDL-C and liver fat content compared with patients who received placebo. The company is also developing VK2735, a novel dual agonist of the glucagon-like peptide 1 (GLP-1) and glucose-dependent insulinotropic polypeptide (GIP) receptors for the potential treatment of various metabolic disorders. VK2735 is currently being evaluated in a Phase 1 clinical trial. In the rare disease space, the company is developing VK0214, a novel, orally available, small molecule selective thyroid hormone receptor beta agonist for the potential treatment of X-linked adrenoleukodystrophy (X-ALD). VK0214 is currently being evaluated in a Phase 1b clinical trial in patients with the adrenomyeloneuropathy (AMN) form of X-ALD.
For more information about Viking Therapeutics, please visit www.vikingtherapeutics.com. Follow Viking on Twitter @Viking_VKTX.
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| 2022-09-06T20:39:09Z
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OKLAHOMA CITY, July 15, 2022 /PRNewswire/ -- Tailwind, a leading small business marketing software platform, has now made email marketing integrated with social content generation and scheduling accessible on all new Tailwind subscription plans, including the free plan. The move marks an important step towards Tailwind's vision of offering an end-to-end marketing automation experience for small business owners.
"What we set out to create was a marketing system with unique tools that would save a lot of time, not a little, and would act like the marketing team our members needed," says Tailwind's CEO and Co-Founder, Daniel Maloney.
"We started with social media scheduling and publishing in the distribution space, specifically for Instagram and Pinterest, and moved the core experience to multi-network with the addition of Facebook publishing. Now, we've added email creation and publishing to the offering so users can manage distribution on their most important channels from within our platform."
Tailwind's users will now be able to manage their email list, create campaign emails personalized to their brand and build email automation workflows alongside their social media campaigns within the new tool.
"Tailwind makes it easy to keep it all in alignment. I have so many tools and accounts and Tailwind makes it so simple," says Christine Martell, Founder of Visuals Speak and Tailwind subscriber. "Without it, it's complicated so I don't send as many marketing emails as I should."
"We've found that a few repeated patterns really hurt small business success, including prioritizing just one or two marketing channels, not having a clear strategy or system, and struggling with the creative elements of marketing. Email marketing is no exception," says Paul Yokota, Lead Product Manager at Tailwind.
"By adding easy-to-use email capabilities with clear use cases within our product, we're alleviating the stress of managing that channel for small businesses. We're also providing the tools to help grow their businesses, save time and level up their marketing efforts across the board."
Tailwind is backed by Pilot Growth Equity.
Launched in 2015, Tailwind is a leading small business marketing platform that helps entrepreneurs, creators, sellers and marketers plan, create and execute world-class marketing campaigns across digital marketing platforms including Email marketing, Facebook, Instagram and Pinterest.
Enquiries
For additional information on Tailwind or enquiries of your involvement in future fundraising activity, please email bd@tailwindapp.com.
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SOURCE Bridesview Inc. dba Tailwind
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https://www.kxii.com/prnewswire/2022/07/15/tailwind-launches-expanded-email-marketing-capabilities-continued-evolution-full-suite-marketing-platform/
| 2022-07-15T18:18:29Z
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RICHMOND, Va., July 20, 2022 /PRNewswire/ -- In 2017, Energix began acquiring and developing solar projects in Virginia.
In 2020, the United Nations High Commissioner for Human Rights placed Energix on a list of problematic companies because it operates on Israeli occupied lands for commercial benefit. Energix has built solar utilities in the West Bank and wind turbines in the Golan Heights and uses Israeli police protection in clashes with indigenous groups.
According to data gathered by the Virginia Coalition for Human Rights, ten counties and two state agencies in Virginia have pushed back against Energix's worst practices.
- In Wythe County, the Virginia Department of Environmental Quality issued an Enforcement Action and fined Energix $68,250 for environmental violations at its Wytheville Solar site.
- In Buckingham County, the State Water Control Board issued an Enforcement Action and fined Energix $23,772.50 over environmental violations at its Buckingham Solar II site.
- In Rockingham County, neighboring landowners sued the BoS and Energix over the planned 30MW Endless Caverns site because the BoS permitted a project that violated newly passed restrictive solar zoning guidelines.
- In Dinwiddie County, the Board of Supervisors voted down Energix's bid to build the 80 MW "Lily Pond" utility over concerns about the environment.
- In Franklin County, Smith Mountain Lake property owners prompted Energix to withdraw the application for a proposed 20MW Westlake Solar project because of concerns over toxic runoff from its Cadmium Telluride (CdTe) solar panels.
- In Buckingham, Caroline, Chesterfield, Madison, Prince George, and Spotsylvania counties, county officials banned or prohibited the installation of CdTe solar panels that contain toxic heavy metals.
Although Energix predicts a sunny future to its minority shareholders and to county officials, at least six solar projects have been withdrawn, have not been permitted, or have not been submitted to county planning departments.
Perhaps in recognition that its potential to grow in Virginia is limited, Energix has quietly taken over development, production and ownership of the 70 MW Adams Solar project, which is to provide 22 percent of electricity for city-owned buildings in Philadelphia.
Jeanne Trabulsi of the Virginia Coalition for Human Rights (VCHR) presented a March 22 information overview about how Energix is importing its worst overseas practices into the U.S. at the National Press Club in Washington. Her contact is: vacoalition4hr@gmail.com.
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SOURCE Virginia Coalition for Human Rights
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https://www.wibw.com/prnewswire/2022/07/20/israels-energix-renewable-energies-fined-over-90000-virginia-environmental-violations/
| 2022-07-20T14:04:48Z
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AI-based software delivers actionable insights for manufacturers to optimize and maintain production output quality
WOBURN, Mass., Sept. 6, 2022 /PRNewswire/ -- SymphonyAI Industrial announced today the launch of two new AI-based processes and performance software solutions to improve manufacturing output and quality. Batch 360, a process performance and optimization solution, and Vision 360, a computer vision solution, use next-generation predictive intelligence to help manufacturers achieve accuracy and efficiency from assembly line processes to individual machines. These solutions apply to a broad range of manufacturing processes, including discrete and batch continuous applications.
Batch 360 is a solution that helps manufacturers maintain high-quality production batches within tighter specifications and lowers costs. Through an Al-driven multivariate model that harnesses and analyzes all available manufacturing data – including imagery, metrology, logs, and time-series data – Batch 360 delivers actionable insights that maximize production. Using domain-specific rules and failure modes effect analysis (FMEA), Batch 360 helps facilitate the production of a "golden batch" by providing manufacturers with set point recommendations based upon dynamic operating conditions.
Vision 360 combines image-based AI with deep learning models to enhance individual manufacturing machine inspection accuracy. Using the latest advantages of GPU computing, Vision 360 analyzes and organizes an incoming stream of visual data to detect anomalies and provide insights, trends, and forecasts that operators can use to tune and adjust for yield and quality during the manufacturing process. With real-time clustering, classification, and forecasting of key KPIs, Vision 360 provides early identification of potential problem areas and continuously steers production to operate at its highest point of efficiency.
"Process and discrete manufacturers are under tremendous pressure to ensure that plants are running as efficiently as possible," said Dominic Gallello, CEO of SymphonyAI Industrial. "Batch 360 and Vision 360 combine our deep knowledge of the plant floor with all the benefits that IIoT and AI can deliver to provide our customers with faster and more accurate decisions during the manufacturing process. The results for our early users have been terrific."
Batch 360 and Vision 360 will be supported on the SymphonyAI Industrial MOM 360 platform. Launched in May, MOM 360 is a software-only manufacturing execution system (MES) system that connects machines and data operations across a global network of plants to help optimize data-driven processes at an enterprise scale.
SymphonyAI Industrial, a SymphonyAI vertical, is an innovator in industrial insight, accelerating autonomous plant operations. The industry-leading Eureka AI/IoT platform and industrial optimization solutions connect tens of thousands of assets and workflows in manufacturing plants globally and process billions of data points daily, pushing new plateaus in operational intelligence.
- Digital manufacturing composable enterprise MOM/MES solutions can be operational in 90 days to connect devices, processes, people, and systems with harmonizing plant automation and control.
- Plant performance applications span asset predictive maintenance and process health and optimization, maintaining high availability of equipment, extending the life of capital assets, and reducing process variability.
- Connected worker solutions mobilize people to handle complex processes with human-driven procedure and instruction support, using a combination of glasses, smartphones, tablets, and PCs.
SymphonyAI Industrial solutions provide high value to users by driving variability out of processes and optimizing operations for throughput, yield, energy efficiency, and sustainability.
SymphonyAI is building the leading enterprise AI company for digital transformation across the most important and resilient growth industries, including retail, consumer packaged goods, financial services, manufacturing, media, and IT service management. SymphonyAI businesses have many leading enterprises as clients in each of these industries. Since its founding in 2017, SymphonyAI has grown rapidly, approaching 2,000 talented leaders, data scientists, and other professionals. SymphonyAI is an SAIGroup company, backed by a $1 billion commitment from successful entrepreneur and philanthropist Dr. Romesh Wadhwani.
PR contact: Nicole Katzin – nicole@galestrategies.com
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https://www.wibw.com/prnewswire/2022/09/06/symphonyai-industrial-launches-batch-360-vision-360-high-quality-manufacturing-production/
| 2022-09-06T11:34:48Z
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SAN DIEGO, May 11, 2022 /PRNewswire/ -- Viracta Therapeutics, Inc. (Nasdaq: VIRX), a precision oncology company targeting virus-associated malignancies, today announced that company management will present and participate in one-on-one meetings at the following investor conferences in May:
RBC Capital Markets 2022 Global Healthcare Conference
Presentation Date: May 18, 2022
Presentation Time: 9:00 a.m. EDT
Format: Fireside chat
H.C. Wainwright Global Investment Conference
Presentation Date: May 24, 2022
Presentation Time: 11:30 a.m. EDT
Format: Fireside chat
A live webcast of each presentation will be available on the Investors section of the Viracta website under "Events and Webcasts" at https://viracta.investorroom.com/events-and-webcasts. The webcasts will be archived for 30 days.
About Viracta Therapeutics, Inc.
Viracta is a precision oncology company targeting virus-associated malignancies. Viracta's lead product candidate is an all-oral combination therapy of its proprietary investigational drug, nanatinostat, and the antiviral agent valganciclovir (collectively referred to as Nana-val). Nana-val is currently being evaluated in multiple ongoing clinical trials, including a pivotal, global, multicenter, open-label Phase 2 basket trial for the treatment of multiple subtypes of relapsed/refractory Epstein-Barr virus-positive (EBV+) lymphoma (NAVAL-1), as well as a multinational Phase 1b/2 trial for the treatment of EBV+ recurrent or metastatic nasopharyngeal carcinoma and other EBV+ solid tumors. Viracta is also pursuing the application of its inducible synthetic lethality approach in other virus-related cancers.
For additional information please visit www.viracta.com.
Investor Relations Contact:
Ashleigh Barreto
Head of Investor Relations & Corporate Communications
Viracta Therapeutics, Inc.
abarreto@viracta.com
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https://www.wibw.com/prnewswire/2022/05/11/viracta-therapeutics-present-upcoming-may-investor-conferences/
| 2022-05-11T21:35:20Z
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SAN MATEO, Calif., July 29, 2022 /PRNewswire/ -- The U.S.-based compliance startup, Kompliant, recently closed a $14mm Seed round led by Level One Fund. Kompliant solves for end-to-end compliance lifecycle management through leading-edge technology and innovative workflows. The platform automates many of the manual processes associated with the underwriting and monitoring for financial institutions.
The investment will accelerate Kompliant's growth by devoting additional resources to scale its platform solutions, and expand the Kompliant Intelligence Platform suite of merchant onboarding, underwriting workflow management, and monitoring solutions.
Level One Fund, a growth stage venture capital fund, has seen considerable success investing in companies that "reshape static industries." The round also included existing investors, Casa Verde, with their own track record of backing game-changing tech platforms such as Dutchie, Leaflink and Metrc.
With this investment, Level One Fund Partner Andrew Stewart will join Karan Wadhera of Casa Verde along with the former chairman of Fiserv Global Business Solutions, Dan Charron, on Kompliant's Board of Directors.
Kompliant was founded by fintech veterans Brad Wiskirchen and Edward Katzin. Wiskirchen is the tech heavyweight who built Kount, a digital enablement technology that helps fight online transaction fraud across the globe. Equifax recently acquired Kount for $640 million. Co-founder & CEO Katzin led major payments initiatives for Apple and VISA and scaled several businesses to strong exits, including Revolution Money which was acquired by American Express. Katzin's professional experience centers around orchestrating the design, build, and launch of platform services at scale.
The company works with leading payment processors and banks to solve commerce compliance compatibility across sponsor banks, acquirer processors, ISOs, VARs, ISVs, gateways, and the merchants they serve. Kompliant provides a standard set of protocols, data structures, and interfaces across application processing, application verification, underwriting management, and ongoing monitoring.
"Payments organizations have to digitally transform their processes and Kompliant has built a platform uniquely positioned to address this need," Andrew Stewart, Managing Partner at Level One Fund, shared. "We believe the team and technology are incredibly well-positioned to succeed."
Casa Verde Managing Partner, Karan Wadhera explained "We initially reached out to Brad to help incubate a compliance solution specifically for high-risk industries. As the platform evolved, it was clear that Kompliant's technology could be leveraged across the entire payments ecosystem."
Other early investors include former president of Visa, John Partridge; Jonathan Weiner, founder of Money 20/20; Stuart Sopp, CEO of Current; and, Mike Lohner, co-founder of DOSH and current chair of Stella & Dot.
Kompliant brings leading-edge technology and innovative workflows to eliminate obsolete business application, onboarding, and adjudication processes used across the financial services industry. Kompliant expands markets by turning compliance management into a revenue driver and a profit center. More information is available at kompliant.com.
Level One Fund is a growth stage venture capital fund investing across multiple industries. They seek businesses that challenge established systems and provide dynamic solutions to the world's most enigmatic problems. More information is available at levelonefund.com.
Media Contact
Emily Baker
emily@kompliant.com
+1 202-744-7567
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| 2022-07-29T22:34:39Z
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NEW YORK, June 21, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CLVS, ADN, DBVT, PBTS, and SAVE.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- CLVS: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=CLVS&prnumber=062120221
- ADN: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=ADN&prnumber=062120221
- DBVT: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=DBVT&prnumber=062120221
- PBTS: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=PBTS&prnumber=062120221
- SAVE: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=SAVE&prnumber=062120221
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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| 2022-06-21T13:27:37Z
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SHANGHAI, Aug. 4, 2022 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading technology-empowered personal financial services platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2022.
Second Quarter 2022 & First Half 2022 Financial Highlights
- Total income increased by 3.1% to RMB15,288 million (US$2,282 million) in the second quarter of 2022 from RMB14,828 million in the same period of 2021.
- Net profit decreased by 37.9% to RMB2,936 million (US$438 million) in the second quarter of 2022 from RMB4,729 million in the same period of 2021.
Second Quarter 2022 & First Half 2022 Operational Highlights
Retail credit facilitation business:
- Outstanding balance of loans facilitated increased by 9.0% to RMB661.4 billion as of June 30, 2022 from RMB606.8 billion as of June 30, 2021.
- Cumulative number of borrowers increased by 17.3% to approximately 18.2 million as of June 30, 2022 from approximately 15.5 million as of June 30, 2021.
- During the second quarter of 2022, excluding the consumer finance subsidiary, 86.1% of new loans facilitated were disbursed to small business owners, up from 77.6% in the same period of 2021.
- New loans facilitated decreased by 15.2% to RMB129.5 billion in the second quarter of 2022 from RMB152.7 billion in the same period of 2021.
- During the second quarter of 2022, excluding the consumer finance subsidiary, the Company bore risk on 21.7% of its new loans facilitated, up from 16.0% in the same period of 2021.
- As of June 30, 2022, including the consumer finance subsidiary, the Company bore risk on 21.2% of its outstanding balance, up from 11.3% as of June 30, 2021.
- For the second quarter of 2022, the Company's retail credit facilitation revenue take rate[1] based on loan balance was 8.6%, as compared to 9.7% for the second quarter of 2021.
- C-M3 flow rate[2] for the total loans the Company had facilitated was 0.7% in the second quarter of 2022, as compared to 0.6% in the first quarter of 2022. Flow rates for the general unsecured loans and secured loans the Company had facilitated were 0.8% and 0.3%, respectively, in the second quarter of 2022, as compared to 0.7% and 0.2%, respectively, in the first quarter of 2022.
- Days past due ("DPD") 30+ delinquency rate[3] for the total loans the Company had facilitated was 3.1% as of June 30, 2022, as compared to 2.6% as of March 31, 2022. DPD 30+ delinquency rate for general unsecured loans was 3.6% as of June 30, 2022, as compared to 3.0% as of March 31, 2022. DPD 30+ delinquency rate for secured loans was 1.4% as of June 30, 2022, as compared to 1.0% as of March 31, 2022.
- DPD 90+ delinquency rate[4] for the total loans facilitated was 1.7% as of June 30, 2022, as compared to 1.4% as of March 31, 2022. DPD 90+ delinquency rate for general unsecured loans was 2.0% as of June 30, 2022, as compared to 1.6% as of March 31, 2022. DPD 90+ delinquency rate for secured loans was 0.7% as of June 30, 2022, as compared to 0.5% as of March 31, 2022.
Wealth management business:
- Total number of registered users grew to 52.3 million as of June 30, 2022 from 47.1 million as of June 30, 2021.
- Total number of active investors grew to 15.2 million as of June 30, 2022 from 14.8 million as of June 30, 2021.
- Total client assets grew by 2.6% to RMB431.9 billion as of June 30, 2022 from RMB421.1 billion as of June 30, 2021.
- The 12-month investor retention rate was 94.7% as of June 30, 2022, as compared to 96.0% as of June 30, 2021.
- Contribution to total client assets from customers with investments of more than RMB300,000 on the Company's platform increased to 81.6% as of June 30, 2022 from 80.2% as of June 30, 2021.
- During the second quarter of 2022, the annualized take rate[5] for current products and services on the Company's wealth management platform was 43.1 bps, down from 53.9 bps during the first quarter of 2022.
Mr. YongSuk Cho, Chairman and Chief Executive Officer of Lufax, commented, "In the face of COVID-19 resurgence severely impacting our core client base of small business owners, we remain prudent in our operations and prioritize asset quality over volume growth. At the same time, we are witnessing an improvement in the regulatory environment, as the recently released policy statements seek to balance incentivizing and regulating the platform economy. With our key initiatives launched last year starting to bear fruit, we believe that the most challenging time is now behind us. Our C-M3 monthly flow rate, which is a leading risk indicator, peaked in April at 0.83% from 0.53% in December and decreased to 0.61% in June. Going forward, we remain committed to serving the financial needs of small business owners in our retail credit facilitation business and helping our customers in the online fund distribution space to achieve their financial planning objectives in our wealth management business. With a re-aligned seasoned executive team and a long proven track record of making preemptive adjustments to adapt to the changing environment, we are confident that the strategic initiatives we have implemented will generate sustainable value for our shareholders and the real economy at large."
Mr. Gregory Gibb, Co-Chief Executive Officer of Lufax, commented, "As recent policy announcements indicate increased recognition of the constructive role that credit insurance can play in funding availability for small business owners, we attained positive regulatory feedback on our guarantee company and its position in data transmission to our funding partners. In the second quarter, the average APR for outstanding loan balance wide reached 21.4%, down from 21.8% in the previous quarter. Credit insurance provided by our seven insurance partners to customers covered 76% of our new loans. Meanwhile, our sales channel transformation made additional progress with increased direct sales contribution and improved sourcing quality. New business sourced from Ping An channels in the second quarter declined to 22% from 31% a year ago. Our direct sales made up 53.6% of new loan sales in the second quarter, up from 49.0% a year ago. As of June 30, the percentage of high quality talents[6] in our direct sales force had increased from the first quarter, as we continue to execute our channel transformation. In fact, in the second quarter, we witnessed a 17% year-over-year increase in number of loan applications per direct sales. In addition, we further improved our funding costs across our partner network. In the second quarter overall bank and institutional funding costs decreased by about 10 basis points, while our number of funding partners in the quarter reached 78. While we are confident that our robust balance sheet and low leverage ratio should lead to a speedy resumption in our business growth once the macro environment stabilizes, we are taking a prudent approach in our financial forecast and full year guidance. Should we experience more aggressive economic policy support in 2023 and beyond, we may deliver positive surprises to the upside."
Mr. David Choy, Chief Financial Officer of Lufax, commented, "Despite a very challenging macro environment during the second quarter, we achieved positive top-line growth of 3.1% quarter over quarter, or 8.4% growth for the first half of the year. Our total expenses in the second quarter, excluding credit impairment losses, asset impairment losses, finance costs and other losses, actually decreased by 11.0%, with sales and marketing expenses decreasing by 19%. With the balance of our cash at bank increasing to RMB42.9 billion and liquid assets maturing in 90 days or less amount to RMB42.37 billion, as of June 30, 2022. The leverage ratio of our guarantee company remaining as low as 2.03x versus the regulatory allowance of 10x, we are well equipped with operating flexibility and abundant capital and cash to weather the economic downturn, whilst maintaining our dividend payout. While market volatility brought on by COVID resurgence and the uncertain macroeconomic conditions on the horizon may keep our new business growth stalled for the short term, we believe that our profit growth will likely re-accelerate once the channel optimization impact starts to materialize and credit costs become normalized on an annual basis."
Second Quarter 2022 & First Half Financial Results
TOTAL INCOME
Total income increased by 3.1% to RMB15,288 million (US$2,282 million) in the second quarter of 2022 from RMB14,828 million in the same period of 2021. The Company's revenue mix changed with the evolution of its business model, as it gradually bore more credit risk and increased funding from consolidated trust plans that provided lower funding costs.
- Technology platform-based income decreased by 23.1% to RMB7,380 million (US$1,102 million) in the second quarter of 2022 from RMB9,601 million in the same period of 2021 due to a decrease in retail credit facilitation service fees.
- Retail credit facilitation service fees decreased by 24.8% to RMB6,912 million (US$1,032 million) in the second quarter of 2022 from RMB9,194 million in the same period of 2021, mainly due to a decrease in new loan sales, and changes in the Company's business model that resulted in more income being recognized in net interest income and guarantee income.
- Wealth management transaction and service fees increased by 14.7% to RMB467 million (US$70 million) in the second quarter of 2022 from RMB407 million in the same period of 2021. The increase was mainly driven by the increase in fees generated from the Company's current products and services, partially offset by the run-off of legacy products.
- Net interest income increased by 55.3% to RMB5,010 million (US$748 million) in the second quarter of 2022 from RMB3,227 million in the same period of 2021, mainly as a result of 1) the Company's increased usage of trust funding channels that were consolidated by the Company (as of June 30, 2022, the Company's on-balance sheet loans accounted for 36.0% of its total loan balance under management, as compared to 27.8% as of June 30, 2021), and 2) increase in the consumer finance loans.
- Guarantee income increased by 117% to RMB1,936 million (US$289 million) in the second quarter of 2022 from RMB891 million in the same period of 2021, primarily due to the increase in the loans for which the Company bore credit risk.
- Other income decreased to RMB532 million (US$79 million) in the second quarter of 2022 from RMB1,071 million in the same period of 2021, mainly due to the change of service scope and fee structure that the Company provided and charged to its financial institution partners.
- Investment income increased to RMB428 million (US$64 million) in the second quarter of 2022 from RMB37 million in the same period of 2021, mainly due to the lower base in the second quarter of 2021 as a result of fair value losses from investments.
TOTAL EXPENSES
Total expenses increased by 29.0% to RMB10,935 million (US$1,633 million) in the second quarter of 2022 from RMB8,477 million in the same period of 2021. This increase was mainly driven by credit impairment losses, since credit impairment losses increased by 152% to RMB3,513 million (US$524 million) in the second quarter of 2022 from RMB1,394 million in the same period of 2021. Total expenses excluding credit impairment losses, asset impairment losses, finance costs and other losses decreased by 11.0% to RMB6,322 million (US$944 million) in the second quarter of 2022 from RMB7,107 million in the same period of 2021.
- Sales and marketing expenses decreased by 19.0% to RMB3,496 million (US$522 million) in the second quarter of 2022 from RMB4,316 million in the same period of 2021.
- Borrower acquisition expenses decreased by 37.6% to RMB1,648 million (US$246 million) in the second quarter of 2022 from RMB2,643 million in the same period of 2021. The decrease was mainly due to decreased new loan sales, increased sales productivity and continual optimization of commissions.
- Investor acquisition and retention expenses decreased by 36.7% to RMB107 million (US$16 million) in the second quarter of 2022 from RMB169 million in the same period of 2021, mostly due to the improvement in the Company's investor acquisition efficiency.
- General sales and marketing expenses increased by 15.8% to RMB1,741 million (US$260 million) in the second quarter of 2022 from RMB1,503 million in the same period of 2021. This increase was primarily due to the increase in sales cost related to platform services[7] and the increase in the staff costs for sales and marketing personnel.
- General and administrative expenses decreased by 4.5% to RMB762 million (US$114 million) in the second quarter of 2022 from RMB798 million in the same period of 2021 as a result of the Company's expense control measures.
- Operation and servicing expenses increased by 7.1% to RMB1,581 million (US$236 million) in the second quarter of 2022 from RMB1,476 million in the same period of 2021, primarily due to the increase of trust plan management expenses, which resulted from the increase in consolidated trust plans.
- Technology and analytics expenses decreased by 6.6% to RMB483 million (US$72 million) in the second quarter of 2022 from RMB517 million in the same period of 2021, as a result of the Company's improved efficiency.
- Credit impairment losses increased by 152% to RMB3,513 million (US$524 million) in the second quarter of 2022 from RMB1,394 million in the same period of 2021, mainly driven by 1) the increase of provision and indemnity loss driven by increased risk exposure, and 2) the change in credit performance due to impact of the COVID-19 outbreak.
- Asset impairment losses increased to RMB352 million (US$53 million) in the second quarter of 2022 from RMB2 million in the same period of 2021, mainly due to an impairment loss of long-term investment.
- Finance costs decreased by 19.9% to RMB221 million (US$33 million) in the second quarter of 2022 from RMB276 million in the same period of 2021, mainly due to the increase in interest income resulting from the increase in deposits.
- Other losses were RMB527 million (US$79 million) in the second quarter of 2022 compared to other gains of RMB301 million in the same period of 2021, mainly due to the foreign exchange loss in the second quarter of 2022.
NET PROFIT
Net profit decreased by 37.9% to RMB2,936 million (US$438 million) in the second quarter of 2022 from RMB4,729 million in the same period of 2021, driven by the aforementioned factors.
EARNINGS PER ADS
Basic and diluted earnings per American Depositary Share ("ADS") were RMB1.27 (US$0.19) and RMB1.23 (US$0.18), respectively, in the second quarter of 2022.
BALANCE SHEET
The Company had RMB42,863 million (US$6,399 million) in cash at bank as of June 30, 2022, as compared to RMB34,743 million as of December 31, 2021. Net assets of the Company is amounted to RMB97,238 million (US$14,517 million) as of June 30, 2022, as compared to RMB94,559 million as of December 31, 2021.
Recent Developments
Change of Annual Dividend Policy to Semi-Annual Dividend Policy
The Company's board of directors (the "Board") has approved a semi-annual cash dividend policy to replace its existing annual dividend policy. Under the semi-annual dividend policy, starting from the second half of 2022, the Company will declare and distribute a recurring cash dividend semi-annually, at an amount equivalent to approximately 20%-40% of the Company's net profit in the previous six-month period, or as otherwise authorized by the Board. The determination to make dividend distributions and the exact amount of such distributions in any particular semi-annual period will be based upon the Company's operations and earnings, cash flow, financial condition, and other relevant factors, and subject to adjustment and determination by the Board.
Semi-Annual Dividend
The Board has approved a cash dividend of US$0.34 per ordinary share for the six-month period ended June 30, 2022, on the Company's outstanding shares to shareholders of record as of the close of trading on the New York Stock Exchange on October 13, 2022. Holders of ADSs, each two ADSs representing one ordinary share, will accordingly be entitled to a cash dividend of US$0.17 per ADS, subject to the payment of applicable depositary fees. The depositary, Citibank, N.A., will distribute the dividend to holders of ADSs on or about October 28, 2022.
Changes in Board Composition and Management Team
Mr. Guangheng Ji has tendered his resignation as the Chairman of the Board and will no longer serve as a member of the Board. Mr. YongSuk Cho, currently a director and Co-Chief Executive Officer of the Company, has been appointed as the Chairman of the Board and Chief Executive Officer of the Company. Mr. Gregory Dean Gibb will remain as Co-Chief Executive Officer and a director of the Company. In addition, Mr. Hanjie Ou has been appointed as a director of the Company.
Mr. Hanjie Ou currently serves as Senior Manager of the Corporate Planning Center at Ping An Group, where he is mainly responsible for the planning and management of core financial institutions of Ping An Group and key strategic projects within Ping An Group. Mr. Ou has rich experience in the financial industry. Prior to joining Ping An Group in 2018, Mr. Ou has served as Senior Project Manager at Roland Berger Strategy Consulting in Shanghai from 2015 to 2018. Mr. Ou received a Master's Degree in Operations Research from London School of Economics and Political Science in 2008.
Mr. David Siu Kam Choy, currently the Controller of the Company and the Chief Financial Officer of Puhui, has been appointed as the Chief Financial Officer of the Company. Mr. Jian Yang has tendered his resignation as the Chief Risk Officer of the Company and Ms. Younjeong Lim has been appointed as the Chief Risk Officer of the Company. Mr. Dongqi Chen has been appointed as the General Manager of the Company.
Mr. David Siu Kam Choy has been the Controller of the Company from August 2020 to August 2022. He has also been the Chief Financial Officer of Puhui since October 2018. Mr. Choy served in various positions at KPMG Hong Kong and Ernst & Young Beijing, Guangzhou and Hong Kong from September 1997 to September 2005, and served as the Financial Controller of Shenzhen Development Bank Company Limited (now known as Ping An Bank Co., Ltd.) from October 2005 to March 2007. Mr. Choy subsequently joined Ping An Insurance Group where he served as the Deputy General Manager of Group Finance Department from March 2007 to January 2009, Deputy General Manager of Group Planning Department from January 2009 to March 2014, and General Manager of Group Treasury Department from March 2014 to September 2018. Representing Ping An Insurance during his service at the group, Mr. Choy also served in various directorship roles within the Ping An Group, namely, Chairman of China Ping An Insurance Overseas (Holdings) Limited, non-executive director of each of Shenzhen Ping An Fintech Company, Ping An Asset Management (HK) Limited, Ping An Real Estate Company and Ping An Yiqianbao e-commerce Company. Mr. Choy obtained his Bachelor's Degree in Business Administration major in finance from the Hong Kong University of Science & Technology in 1997 and his Master's Degree in Corporate Governance and Directorship from the Hong Kong Baptist University in 2014. He also completed the senior executives program in corporate governance at Stanford University in 2016.
Ms. Younjeong Lim currently serves as Vice President and Chief Risk Officer of Puhui, where she is responsible for the comprehensive risk management of retail lending business of the Company. Ms. Lim has led the transformation of Puhui's risk management system from a traditional model into a technology-supported, data-driven online model. Prior to joining Puhui in 2008, Ms. Lim has served as the Head of Consumer Finance Risk Management Department of Standard Chartered Bank in Korea from 2006 to 2008 and the Head of Credit Card Business Planning Department of Citibank in Korea from 1999 to 2005. Ms. Lim received her Master's Degree in Economics from Ohio State University in 1996.
Mr. Dongqi Chen currently serves as Chairman of Ping An Consumer Finance Co., Ltd. and General Manager of Puhui. Mr. Chen has over 25 years of experience in sales management and the financial industry. Prior to his current positions, Mr. Chen has served as Executive Deputy General Manager of Puhui from 2017 to 2020, Deputy General Manager of Puhui from 2016 to 2017, and Assistant to the General Manager of Puhui from 2015 to 2016. Mr. Chen has served as Chairman and General Manager of Ping An Insurance Agency Co., Ltd. from 2014 to 2018 and held a number of positions in Ping An Property & Casualty Insurance Company of China Ltd. from 1996 to 2014, including as Assistant to General Manager of the Credit Guarantee Insurance Business Unit from 2013 to 2014. Mr. Chen received his Bachelor's Degree in Insurance from Nankai University in 1991.
Business Outlook
For the second half of 2022, the Company expects its new loans facilitated to decrease by 8% to 17% year over year to the range of RMB270 billion to RMB296 billion, client assets to decrease by 1% to 10% year over year to the range of RMB390 billion to RMB430 billion, total income to decrease by 8% to 13% year over year to the range of RMB27.7 billion to RMB29.1 billion, and net profit to decrease by 26% to 33% year over year to the range of RMB4.7 billion to RMB5.2 billion.
For the full year of 2022, the Company expects its new loans facilitated to decrease by 9% to 13% year over year to the range of RMB563 billion to RMB590 billion, client assets to decrease by 1% to 10% year over year to the range of RMB390 billion to RMB430 billion, total income to decrease by 0% to 3% year over year to the range of RMB60.3 billion to RMB61.7 billion, and net profit to decrease by 20% to 22% year over year to the range of RMB13.0 billion to RMB13.4 billion. If non-cash foreign exchange losses were excluded from the calculation of net profit, then the Company's expectation would be for a decrease in net profit for the full year of 2022 of between 14% and 17%.
These forecasts reflect the Company's current and preliminary views on the market and operational conditions, which are subject to change.
Conference Call Information
The Company's management will hold an earnings conference call at 9:00 P.M. U.S. Eastern Time on Thursday, August 4, 2022 (9:00 A.M. Beijing Time on Friday, August 5, 2022) to discuss the financial results. For participants who wish to join the call, please complete online registration using the link provided below in advance of the conference call. Upon registering, each participant will receive a participant dial-in number, the Direct Event passcode, and a unique access PIN, which can be used to join the conference call.
Registration Link: https://ige.netroadshow.com/registration/q4inc/11391/lufax-holding-ltd-second-quarter-2022-earnings-conference-call/
A replay of the conference call will be accessible through August 11, 2022 (dial-in numbers: +1 (866) 813-9403 or +1 (226) 828-7578; replay access code: 311080). A live and archived webcast of the conference call will also be available at the Company's investor relations website at https://ir.lufaxholding.com.
About Lufax
Lufax Holding Ltd is a leading technology-empowered personal financial services platform in China. Lufax Holding Ltd primarily utilizes its customer-centric product offerings and offline to-online channels to provide retail credit facilitation services to small business owners and salaried workers in China as well as tailor-made wealth management solutions to China's rapidly growing middle class. The Company has implemented a unique, capital-light, hub-and-spoke business model combining purpose-built technology applications, extensive data, and financial services expertise to effectively facilitate the right products to the right customers.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.6981 to US$1.00, the rate in effect as of June 30, 2022, as certified for customs purposes by the Federal Reserve Bank of New York.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States 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" and similar statements. Statements that are not historical facts, including statements about Lufax's beliefs and expectations, are forward-looking statements. Lufax has based these forward-looking statements largely on its current expectations and projections about future events and financial trends, which involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. These forward-looking statements include, but are not limited to, statements about Lufax's goals and strategies; Lufax's future business development, financial condition and results of operations; expected changes in Lufax's income, expenses or expenditures; expected growth of the retail credit facility and wealth management markets; Lufax's expectations regarding demand for, and market acceptance of, its services; Lufax's expectations regarding its relationship with borrowers, platform investors, funding sources, product providers and other business partners; general economic and business conditions; and government policies and regulations relating to the industry Lufax operates in. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Lufax's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lufax does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
Lufax Holding Ltd
Email: Investor_Relations@lu.com
ICR, LLC
Robin Yang
Tel: +1 (646) 308-0546
Email: lufax.ir@icrinc
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| 2022-08-04T21:12:01Z
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13 companies join Quantexa's Partner Network, instantly strengthening the company's global ecosystem and driving co-innovation for customers
LONDON and NEW YORK, June 7, 2022 /PRNewswire/ -- Quantexa, a leading global provider of Contextual Decision Intelligence solutions, today announced the launch of its inaugural Partner Program, a global framework to better support the growth and success of its consulting, delivery, technology, and data partners. The new global program gives partners exclusive access to technology roadmap updates, in addition to training and certification, marketing and co-selling opportunities. The co-innovation program offers customers an easier way to validate a partner's technical capabilities and identify the right partner(s) to help meet their industry-specific needs.
Mark McNerney, SVP Global Alliances at Quantexa, commented: "Strategic alliances and partnerships have always been an integral part of Quantexa's business model. Our established strategic relationships have played a key role in winning new business, innovating for the future, and meeting the needs of our customers. Formalizing and investing in our approach to partner engagement will enable us to generate new opportunities for Quantexa and our partners, scale our ability to deliver globally and create opportunities for our customers to benefit from the latest advancements in Contextual Decision Intelligence technology, services and training."
Quantexa and its partners will help customers in Banking, Government, Insurance and Telecommunications industries manage risk and identify new business opportunities by focusing on delivering solutions that address financial crime and fraud, know your customer (KYC), customer intelligence and data management.
To learn more about Quantexa's partner program, please visit: https://www.quantexa.com/partner-program/
ABOUT QUANTEXA
Quantexa is a data and analytics software company pioneering Contextual Decision Intelligence (CDI) that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa's platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, financial crime, customer intelligence, credit risk, fraud and throughout the customer lifecycle.
The Quantexa platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has over 500 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Brussels, Toronto, Singapore, Melbourne, and Sydney.
For more information, contact Quantexa or follow us on LinkedIn.
Contacts
Media
Adam Jaffe
SVP of Corporate Marketing
+1 609 502 6889
adamjaffe@quantexa.com
- or -
RapidResponse@quantexa.com
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| 2022-06-07T11:38:52Z
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MINNEAPOLIS (AP) — Two former Minneapolis police officers charged in George Floyd’s killing told a judge Monday that they have rejected plea deals that would have resulted in three-year sentences, setting the stage for trial in October.
Tou Thao and J. Alexander Kueng are charged with aiding and abetting both second-degree murder and second-degree manslaughter in Floyd’s death. They and Thomas Lane were working with Derek Chauvin when he pinned Floyd’s neck with his knee for more than nine minutes as the 46-year-old Black man said he couldn’t breathe and eventually grew still.
The killing, captured on bystander video, sparked protests worldwide and a reckoning on racial injustice. Chauvin, who is white, was convicted of second-degree murder last year and sentenced to 22 1/2 years on the state charge.
Hennepin County Judge Peter Cahill had set a limited window for accepting a plea deal ahead of trial, and Monday’s brief hearing served to formalize the two ex-officers’ rejections of the state’s offers.
“It would be lying for me to accept any plea offer,” said Thou, who held back concerned bystanders as Chauvin pinned Floyd. Kueng did not give his reasons for rejecting the state’s offer.
Thao, Kueng and Lane were convicted in federal court in February of violating Floyd’s civil rights. Lane, who is white, held Floyd’s legs and twice asked if he should be turned on his side, and was sentenced to 2 1/2 years. Thao, who is Hmong American, was sentenced to 3 1/2 years. Kueng, who is Black, pinned Floyd’s back, and was sentenced to 3 years. Thao and Kueng are appealing their federal convictions.
In rejecting the plea agreements, Thao and Keung are risking state sentences that could be significantly longer than their federal sentences if they’re convicted on both counts. Assistant Attorney General Matt Frank pointed out in the hearing that the state’s sentencing guidelines recommend sentences of 12 1/2 years on the murder count and 4 years on the manslaughter count, but that prosecutors have already said they’ll seek longer sentences if they get convictions.
In Minnesota, assuming good behavior, defendants typically serve two-thirds of their sentences in prison and one-third on parole.
Frank said plea negotiations began in earnest in May and continued into June. The offers would have dropped the most serious charge of aiding and abetting murder, and the officers’ state time would have run concurrently with the federal sentences. Both defendants confirmed that they understood that the state has now withdrawn its offers.
“It’s a standard best practice to make a record in court when the State offers a plea agreement, in order to ensure the defendant’s decision is freely and knowingly made,” Attorney General Keith Ellison said in a statement afterward. “The defendants have a right to decline the offer and proceed to trial. The State is ready for trial.”
During the hearing, Kueng’s attorney, Thomas Plunkett, said that Ellison at one, unspecified point in the negotiations, offered Kueng a deal that would have resulted in 2 years in prison. Kueng confirmed that Plunkett had told him about the offer, and that they rejected it. Frank did not comment about the purported offer.
Thao’s attorney, Robert Paule, said that they, at an unspecified point, proposed a deal for 2 years, but that the state rejected it. Frank said that wasn’t how he recalled the discussions, and that his recollection was that Thao’s offer had included dropping the charges. Neither side elaborated on the discrepancies.
The trial is scheduled to begin Oct. 24, with opening statements Nov. 7.
Lane avoided a state trial by pleading guilty in May to aiding and abetting second-degree manslaughter in a deal that calls for a three-year sentence. His sentencing is Sept. 21.
Chauvin was sentenced to 21 years on the federal civil rights charge. He remains in the state’s maximum security prison at Oak Park Heights pending his transfer to federal prison. The other three remain free on bail.
___
Associated Press writer Amy Forliti contributed to this story.
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Find AP’s full coverage of the killing of George Floyd at: https://apnews.com/hub/death-of-george-floyd
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https://cw33.com/news/u-s-news/ap-us-headlines/thao-kueng-say-they-rejected-plea-deal-in-floyd-killing/
| 2022-08-16T00:50:29Z
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GUANGZHOU, China, Aug. 9, 2022 /PRNewswire/ -- Onion Global Limited ("Onion Global", the "Group" or the "Company") (NYSE: OG), a next-generation lifestyle brand platform that incubates, markets, and distributes the world's fresh, fashionable, and future brands to young people in China and across Asia, today reaffirmed that its LUCA brand portfolio strategy is committed to launching sustainable brands, and proudly introduces Merverte, a South Korean salon skincare brand, and Oceanfit, a New Zealand healthcare brand to its O'mall platform.
Mr. Cong (Kenny) Li, Founder, and CEO of Onion Global commented, "Our LUCA brand portfolio continues to focus on building emotional and personal connections with the younger generation. Through multiple years of data analytics and insights on the market and consumer demands, we found that a growing number of young people are suffering from joint pain such as cervical spondylosis and lumbar disc herniation due to long working hours in front of a computer and heavy use of smartphones. Given that, we established our cooperation with premium international sustainable brands, Merverte and Oceanfit, which use algae and other marine plants as their core ingredients to develop eco-friendly and functional products. For example, the patented MC-II extracted by Oceanfit supports joint mobility and comfort while encompassing environmental protection in meeting the real needs of younger consumers. The selection of Merverte and Oceanfit into our LUCA brand portfolio also demonstrates Onion Global's commitment to the sustainable development of society, while meeting the functional needs of consumers through its brand portfolio operations and management."
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, the Company's forecasts, general observation of the industry, and business outlook, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "expects," "anticipates," "target," "aim," "future," "intends," "plans," "believes," "potential," "estimates" "continue," "is/are likely to," or other similar statements. Further information regarding these and other risks is included in Onion Global's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Onion Global does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
About Onion Global Limited
Onion Global Limited (NYSE: OG) is a next-generation lifestyle brand platform that incubates, markets, and distributes the world's fresh, fashionable, and future brands, which we refer to as "3F brands," to young people in China and across Asia. The Company's mission is to be the dream factory of lifestyle brands for young people. The Company's platform offers an integrated solution to develop, market, and distribute new and inspiring branded products, thereby reshaping the lifestyle shopping and consumer culture in China. Onion Global Limited has been listed on New York Stock Exchange since May 2021.
For more information, please visit: http://ir.msyc.com/.
Investor Relations Contact
In China:
Onion Global Ltd.
Investor Relations
E-mail: ir@msyc.cc
Christensen
Mr. Eric Yuan
E-mail: eyuan@christensenir.com
Tel: +86-10-5900-1548
In the United States:
Christensen
Ms. Linda Bergkamp
E-mail: lbergkamp@christensenir.com
Tel: +1-480-614-3004
View original content:
SOURCE Onion Global Limited
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https://www.mysuncoast.com/prnewswire/2022/08/09/onion-globals-luca-brand-portfolio-reaffirms-commitment-sustainable-products/
| 2022-08-09T09:01:14Z
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Police arrest landlord accused of running over tenant, killing him
PAHRUMP, Nev. (Gray News/KVVU) - A man is charged with open murder after police said he allegedly ran over his tenant with his vehicle and dragged his body down the road.
The Nye County Sheriff’s Office reported that 70-year-old William Stanley was arrested in the death of 66-year-old Frank Brink after Brink’s body was found on the side of the road on Sept. 6.
Deputies who responded to the report of a body found said there was evidence the body had been dragged to the location where it was discovered, according to Captain Davide Boruchowitz with the Nye County Sheriff’s Office.
Boruchowitz said deputies then followed a trail of blood and clothing to an address nearby where it appeared the dragging had begun.
The sheriff’s office identified the owner of the property as Stanley and said he was Brink’s landlord.
Upon further investigation, Boruchowitz reported deputies discovered the incident began with an argument between Stanley and Brink. A declaration of probable cause and detention obtained by KVVU reported Stanley admitted to running Brink over with his vehicle, killing him.
Stanley then reportedly used a rope to tie Brink’s leg to the back of the vehicle before dragging his body to the spot where it was later found, according to the declaration.
Boruchowitz said deputies found sufficient evidence during an executed search warrant to arrest Stanley.
Stanley was charged with open murder and was booked into the Nye County Detention Center without bail.
Copyright 2022 Gray Media Group, Inc. All rights reserved. KVVU contributed to this report.
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https://www.kxii.com/2022/09/10/police-arrest-landlord-accused-running-over-tenant-killing-him/
| 2022-09-10T18:41:11Z
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FBI: Naval reservist said he stormed Capitol with Proud Boys
WASHINGTON (AP) — A U.S. Naval reservist who was assigned to an agency that operates spy satellites told an undercover FBI agent that he stormed the U.S. Capitol with members of the far-right Proud Boys extremist group and has espoused anti-government and antisemitic ideologies, federal authorities said in court records unsealed on Thursday.
Hatchet Speed was arrested on Wednesday in McLean, Virginia, on misdemeanor charges stemming from the Jan. 6, 2021, insurrection, including disorderly conduct in a Capitol building, court records show. Video captured Speed entering the Capitol through the Senate Wing Doors and exiting the building through a window more than 40 minutes later, according to the FBI.
The FBI says Speed, whose birth name was Daniel Abraham Speed, is a petty officer first class in the U.S. Naval Reserves and was assigned to the Naval Warfare Space Field Activity at the National Reconnaissance Office. Authorities believe Speed is currently unemployed, a prosecutor said in a court filing. Court records don’t list a defense attorney for Speed, who’s scheduled to make his initial court appearance in Washington, D.C., on Thursday.
The National Reconnaissance Office operates U.S. spy satellites used by the Pentagon and intelligence agencies. The secretive agency has an important role in the U.S. intelligence community, which relies heavily on satellite imagery to monitor global hot spots like Russia’s war in Ukraine.
Speed recently worked in Vienna, Virginia, as a software developer for Novetta Solutions LLC, a defense contractor that conducts advanced analytics for the Defense Department and other federal agencies, the FBI said.
In March, Speed met with with an FBI undercover employee who “presented to Speed as a like-minded individual,” an FBI agent said in a court filing. Speed told the undercover agent that going to the Capitol on Jan. 6 “was always the plan” and said he went there with friends who were Proud Boys members, the filing says.
“We would listen to Donald Trump then all of us would go to the Capitol. Now the reason we were going to the Capitol was to protest what was going on in the Capitol … what they were doing was counting the ballots,” Speed said, according to the FBI.
Speed also said a larger crowd could have compelled House Speaker Nancy Pelosi to resign “out of fear for her life,” an FBI agent wrote.
“He also observed that ‘there are too many Americans that have this idea that we have to be peaceful at all costs,’” the agent added.
Prosecutors are seeking a court order requiring home detention with location monitoring for Speed after his release from custody. They say his statements and conduct show that he poses a threat of violence to the community.
After the Capitol riot, Speed bought at least 12 firearms over the span of a few months and spent more than $50,000 at firearm and firearm-part retailers, a prosecutor said in a court filing.
“This firearm-buying spree is alarming in light of statements that Speed has made in which he has espoused the use of violence to further his anti-government and anti-Semitic ideologies,” Assistant U.S. Attorney Alexis Loeb wrote.
In April, Speed told an FBI undercover employee that he has contemplated using violence to further his antisemitic beliefs and discussed using violence against members of the Anti-Defamation League, a Jewish civil rights organization.
Speed described Adolf Hitler as “one of the best people that’s ever been on this earth,” an FBI agent wrote. Speed also praised the writings of serial bombers Ted Kaczynski and Eric Rudolph and lauded tactics employed by “jihadists,” suggesting that their approach would be an effective way to “wipe out” Jewish people, according to Loeb.
Speed criticized militias “for not having what it takes to actually use violence,” the prosecutor said.
“He described trying to figure out how to identify potential targets and using a ‘mock trial’ to identify targets he could justify to himself acting against,” Loeb wrote.
Federal agents said they seized eight firearms and seven silencers when they searched Speed’s home, vehicles and a storage unit. They also said they found approximately 25 other firearms belonging to Speed’s housemates.
Approximately 40 Proud Boys leaders, members or associates have been charged in the deadly Jan. 6 siege. Former Proud Boys national chairman Henry “Enrique” Tarrio and four other men are charged with seditious conspiracy for what authorities say was a plot to forcibly oppose the lawful transfer of presidential power after Trump lost the 2020 election to Joe Biden.
The charges against Speed come months after an intelligence contractor alleged he was fired for reporting the circulation of racist and misogynistic comments on classified intelligence community chatrooms. The fired contractor, Dan Gilmore, wrote in a blog post that “many employees” across the community have posted that they believed the Jan. 6 attack was “justified.”
A spokeswoman for the Office of the Director of National Intelligence declined last month to comment on Gilmore’s allegations but said that people “who engage in inappropriate conduct are subject to a variety of accountability mechanisms, including disciplinary action.”
The NRO and Novetta Solutions did not immediately respond to requests for comment on Speed’s arrest.
___
Kunzelman reported from Silver Spring, Md.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.kxii.com/2022/06/23/fbi-naval-reservist-said-he-stormed-capitol-with-proud-boys/
| 2022-06-23T19:02:07Z
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US airstrikes target militia-controlled areas in east Syria
BEIRUT (AP) - The U.S. military said early Wednesday it carried out airstrikes in eastern Syria that targeted areas used by militias backed by Iran’s paramilitary Revolutionary Guard.
There was no immediate acknowledgment by Syria’s state-run media of the strikes hitting Deir Ez-Zor. Iran as well did not acknowledge the attack.
Opposition war monitor the Syrian Observatory for Human Rights and activist collective Deir Ezzor 24 said the airstrikes targeted the Ayash Camp run by the Fatimiyoun group made up of Shiite fighters from Afghanistan. The war monitor reported that at least six Syrian and foreign militants were killed in the airstrikes.
The U.S. military’s Central Command said the strikes “took proportionate, deliberate action intended to limit the risk of escalation and minimize the risk of casualties.” It did not identify the targets, nor offer any casualty figures from the strikes, which the military said came at the orders of President Joe Biden.
“Today’s strikes were necessary to protect and defend U.S. personnel,” Central Command spokesman Col. Joe Buccino said in a statement.
The colonel added the attack was in response to an Aug. 15 attack targeting U.S. forces. That attack saw drones allegedly launched by Iranian-backed militias target the al-Tanf Garrison used by American forces. U.S. Central Command described the assault as causing “zero casualties and no damage” at the time.
Deir Ez-Zor is a strategic province that borders Iraq and contains oil fields. Iran-backed militia groups and Syrian forces control the area and have often been the target of Israeli war planes in previous strikes.
U.S. forces entered Syria in 2015, backing allied forces in their fight against the Islamic State group.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.kxii.com/2022/08/24/us-airstrikes-target-militia-controlled-areas-east-syria/
| 2022-08-24T09:16:03Z
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The in-person summit will feature speakers Brad Garlinghouse, Mike Novogratz, Keith Grossman, Balaji Srinivasan, Devin Finzer, Christine Moy and 150+ more
NEW YORK, July 28, 2022 /PRNewswire/ -- Messari, a leading provider of crypto market intelligence products, today has announced the initial speakers attending its Mainnet 2022 summit. The third annual summit will take place from September 21-23 at Pier 36 in New York City.
Attendees can look forward to fireside chats between Messari Co-Founder and CEO Ryan Selkis and Ripple CEO Brad Garlinghouse, Galaxy CEO Mike Novogratz and TIME President Keith Grossman as well as others. Additional speakers will include angel investor, tech founder, and author of The Network State Balaji Srinivasan, OpenSea Co-Founder and CEO Devin Finzer, and Apollo Global Management Partner and Head of Digital Management Christine Moy, who will be joined by 150+ other leading operators, builders, and investors from across the crypto industry.
"As 2022 has already proven to be a monumental year for the industry, we are excited to offer attendees an event that cuts through the noise and focuses on the innovations that will drive our industry forward," said Messari CEO Ryan Selkis. "Attendees should leave Mainnet feeling confident that the long-term outlook for crypto has never been brighter."
The in-person event will provide the ideal environment for attendees and speakers to convene for programming that focuses on addressing the ecosystem's challenges and advancements. Interactive and collaborative sessions include:
- Testnet: A series of quick pop-up sessions will teach participants how to use some of the most innovative platforms and applications through hands-on demos.
- Operating Advice: Attendees will gain actionable insights in 20 minutes or less for every area of the C-suite.
- Technical Content: Bear markets are all about builders. Mainnet 2022 summit will host developer workshops for the technically savvy that preview what's next in blockchain engineering.
- Regulation and Policy Discussions: Attendees will have the opportunity to listen to conversations between industry leaders and policymakers to learn what the future of crypto regulation should look like.
- Quarterly Reports: Join Messari analysts as they present a financial and roadmap snapshot of the most popular protocols. During these sessions, attendees will be able to participate in an in-depth Q&A with the leaders of those projects.
"The next few months will be crucial for our industry heading into 2023. This is the time to learn, adapt, and focus on building strong foundations," said Selkis. "Mainnet is an opportunity for industry leaders to share what they have been working on and make the connections that will help lead to new breakthroughs in the years ahead."
People interested in attending the summit can purchase tickets on the Mainnet website. For students and developers interested in attending, Mainnet 2022 is offering discounted tickets they can apply for.
Mainnet is an immersive, agenda-setting annual summit hosted by Messari. The summit gathers crypto leaders, operators, builders, and investors for three days of future-focused collaboration, networking, and programming. Attendees should expect interactive discussions, hands-on product demonstrations, technical workshops, and one-on-one meeting opportunities with leaders in the space. Learn more at mainnet.events or for more information, contact events@messari.io.
Mainnet is a production of Messari, the leading provider of market intelligence products focused on the digital asset ecosystem. For individuals and institutions alike, Messari combines deep analysis, data, news, and powerful tools to improve industry transparency and drive smarter participation in crypto. Since its inception in 2018, Messari has built strong relationships with the industry's top thinkers, investors, and builders from today's most promising projects. These relationships exceptionally position the company to create event programming that will attract attendees at all stages of their crypto investment journey from around the world. Learn more about Messari at messari.io.
Media Contact:
Mary Dawson
mary.dawson@messari.io
View original content:
SOURCE Messari
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https://www.mysuncoast.com/prnewswire/2022/07/28/messari-announces-initial-speakers-programming-mainnet-2022-summit/
| 2022-07-28T14:14:46Z
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SHANGHAI, Aug. 29, 2022 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its unaudited financial results for the second quarter of 2022.
Second Quarter 2022 Financial and Operational Highlights
- Total revenues were RMB289.2 million (US$43.2 million), compared with RMB946.7 million in the same period of 2021. Car trading transactions revenues were RMB218.6 million (US$32.6 million), or 75.6% of total revenues in the second quarter of 2022, compared with RMB522.5 million in the same period of 2021.
- The total outstanding balance of financing transactions the Company facilitated was RMB36,594.4 million (US$5,463.4 million) as of June 30, 2022. M1+ and M3+ overdue ratios for all financing transactions that remained outstanding and were facilitated by the Company were 2.21% and 1.07%, respectively, as of June 30, 2022, compared with 1.76% and 0.80%, respectively, as of March 31, 2022.
- "Cango Haoche" platform had engaged 8,237 dealers in China's 31 provinces and 305 cities as of June 30, 2022. There were 22 self-owned vehicle models listed on the platform including nine car brands and 12 car series. During the second quarter, total sales were 2,291 cars, including 1,329 new energy vehicles (NEVs).
- Car dealer activity and transaction conversion rate on "Cango Haoche" platform both improved significantly in the second quarter of 2022 compared with the previous quarter. Users' daily activity rate on the platform rose by nearly 50% and the quarterly dealer activity rate increased by nearly 70%, both on a quarter-over-quarter basis.
Mr. Jiayuan Lin, Chief Executive Officer (CEO) of Cango, commented, "The macro conditions and COVID-19 outbreaks during the second quarter continued to impact our performance and outlook in the short-term. Total revenues came in at RMB289.2 million for the second quarter, of which revenues from our car trading transactions business accounted for over three-fourths of total revenues. Longer-term and benefitting from the nation's policy stimulus, we foresee a steady upward trend for the automotive market with huge potential in the NEV and used car segments. Galvanized by this opportunity, our efforts are focused on expanding our tech-enabled car trading platform, where we are placing equal emphasis on new and used car trading, and monetizing through multiple channels including financing and insurance services.
"With the successful debut of our 'Cango Haoche' App in June, we are committed to providing safe, secure, sustained and stable end-to-end professional car transaction-related services for all participants in the automobile industry chain. We are not only solving the pain points of small- and medium-sized dealers in terms of vehicle sources and capital needs, but also helping OEMs to penetrate lower-tier markets and grow their sales. We also significantly improved car dealer activity and transaction conversion rate on our platform in the second quarter. Furthermore, we explored the used car matching business during the quarter and have made good progress. As of June 30, 2022, just two months after the launch of our used car business, the number of registered used car dealers exceeded 1,500 with increasing engagement, outpacing our expectations.
"While there remain market uncertainties stemming from supply chain issues, unexpected COVID recurrences, and a highly complex external environment, we will continue to invest strategically, tailoring our resource allocation with an eye toward the future development of the NEV and used car segments while leveraging our platform model's advantages to strengthen our business fundamentals," concluded Mr. Lin.
Mr. Yongyi Zhang, Chief Financial Officer (CFO) of Cango, stated, "Macro headwinds and a wave of COVID resurgence across China posed ongoing challenges to the domestic auto industry, as expected. Months of pandemic-related disruptions significantly impeded our business, resulting in a slump in total revenues for the second quarter. Amid this harsh environment, we remained focused on our long-term strategy, advancing our car trading transaction platform and continuing to implement cost control initiatives. Despite the COVID-induced decline, we remain confident in our platform model's potential and are positioned to capturing the opportunities that emerge as the automotive market recovers. Meanwhile, we will continue to create value for participants across our platform with continuous improvements in operating efficiency and cost structure."
Second Quarter 2022 Financial Results
REVENUES
Total revenues in the second quarter of 2022 were RMB289.2 million (US$43.2 million) compared with RMB946.7 million in the same period of 2021. Revenues from car trading transactions in the second quarter of 2022 were RMB218.6 million (US$32.6 million), continuing to serve as an important revenue contributor.
OPERATING COST AND EXPENSES
Total operating cost and expenses in the second quarter of 2022 were RMB643.3 million (US$96.0 million) compared with RMB933.5 million in the same period of 2021.
- Cost of revenue in the second quarter of 2022 decreased to RMB272.7 million (US$40.7 million) from RMB697.8 million in the same period of 2021. As a percentage of total revenues, cost of revenue in the second quarter of 2022 was 94.3% compared with 73.7% in the same period of 2021. The change was primarily due to an increase in car trading transactions' share of total revenues. Car trading transactions normally present a higher cost-revenue ratio, thus pushing up the overall ratio.
- Sales and marketing expenses in the second quarter of 2022 decreased to RMB41.8 million (US$6.2 million) from RMB60.9 million in the same period of 2021. As a percentage of total revenues, sales and marketing expenses in the second quarter of 2022 was 14.5% compared with 6.4% in the same period of 2021.
- General and administrative expenses in the second quarter of 2022 were RMB124.7 million (US$18.6 million) compared with RMB64.7 million in the same period of 2021. As a percentage of total revenues, general and administrative expenses in the second quarter of 2022 was 43.1% compared with 6.8% in the same period of 2021. This change was mainly due to the expenses arising from the 12,000,000 Class A ordinary shares options granted to the Company's Chairman Mr. Xiaojun Zhang and CEO Mr. Jiayuan Lin in the second quarter. These share options are granted in consideration of Mr. Zhang and Mr. Lin's roles in guiding Cango's profitable investment in Li Auto Inc., a provider of new energy passenger vehicles in China.
- Research and development expenses in the second quarter of 2022 were RMB12.9 million (US$1.9 million) compared with RMB15.6 million in the same period of 2021. As a percentage of total revenues, research and development expenses in the second quarter of 2022 was 4.4% compared with 1.7% in the same period of 2021.
- Net loss on risk assurance liabilities in the second quarter of 2022 was RMB53.1 million (US$7.9 million) compared with RMB35.9 million in the same period of 2021. Net loss on risk assurance liabilities was mainly due to a sequential increase in the default rate since 2021.
INCOME (LOSS) FROM OPERATIONS
Loss from operations in the second quarter of 2022 was RMB354.1 million (US$52.9 million), compared with an income of RMB13.2 million in the same period of 2021.
NET LOSS
Net loss in the second quarter of 2022 was RMB285.8 million (US$42.7 million). Non-GAAP adjusted net loss in the second quarter of 2022 was RMB189.6 million (US$28.3 million). Non-GAAP adjusted net loss excludes the impact of share-based compensation expenses. For further information, see "Use of Non-GAAP Financial Measure."
NET LOSS PER ADS
Basic and diluted net loss per American Depositary Share (ADS) in the second quarter of 2022 were both RMB2.08 (US$0.31). Non-GAAP adjusted basic and diluted net loss per ADS in the second quarter of 2022 were both RMB1.38 (US$0.21). Each ADS represents two Class A ordinary shares of the Company.
BALANCE SHEET
As of June 30, 2022, the Company had cash and cash equivalents of RMB1,280.7 million (US$191.2 million), compared with RMB2,137.0 million as of March 31, 2022.
As of June 30, 2022, the Company had short-term investments of RMB2,116.2 million (US$315.9 million), compared with RMB1,874.1 million as of March 31, 2022.
Business Outlook
For the third quarter of 2022, the Company expects total revenues to be between RMB350 million and RMB400 million. This forecast reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change.
Share Repurchase Program
Pursuant to the share repurchase program announced on August 19, 2021, the Company had repurchased 7,984,500 ADSs with cash in the aggregate amount of approximately US$28.4 million up to June 30, 2022.
Conference Call Information
The Company's management will hold a conference call on Monday, August 29, 2022, at 9:00 P.M. Eastern Time or Tuesday, August 30, 2022, at 9:00 A.M. Beijing Time to discuss the financial results. Listeners may access the call by dialing the following numbers:
The replay will be accessible through September 5, 2022, by dialing the following numbers:
A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.cangoonline.com/.
About Cango Inc.
Cango Inc. (NYSE: CANG) is a leading automotive transaction service platform in China connecting car buyers, dealers, financial institutions, and other industry participants. Founded in 2010 by a group of pioneers in China's automotive finance industry, the Company is headquartered in Shanghai and has a nationwide network. Leveraging its competitive advantages in technological innovation and big data, Cango has established an automotive supply chain ecosystem, and developed a matrix of products centering on customer needs for auto transaction, auto financing and after-market services. By working with platform participants, Cango endeavors to makes car purchase simple and enjoyable, and make itself customers' car purchase service platform of choice. For more information, please visit: www.cangoonline.com.
Definition of Overdue Ratios
The Company defines "M1+ overdue ratio" as (i) exposure at risk relating to financing transactions for which any installment payment is 30 to 179 calendar days past due as of a specified date, divided by (ii) exposure at risk relating to all financing transactions which remain outstanding as of such date, excluding amounts of outstanding principal that are 180 calendar days or more past due.
The Company defines "M3+ overdue ratio" as (i) exposure at risk relating to financing transactions for which any installment payment is 90 to 179 calendar days past due as of a specified date, divided by (ii) exposure at risk relating to all financing transactions which remain outstanding as of such date, excluding amounts of outstanding principal that are 180 calendar days or more past due.
Use of Non-GAAP Financial Measure
In evaluating the business, the Company considers and uses Non-GAAP adjusted net income (loss), a non-GAAP measure, as a supplemental measure to review and assess its operating performance. The presentation of the non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines Non-GAAP adjusted net income (loss) as net income (loss) excluding share-based compensation expenses. The Company presents the non-GAAP financial measure because it is used by the management to evaluate the operating performance and formulate business plans. Non-GAAP adjusted net income (loss) enables the management to assess the Company's operating results without considering the impact of share-based compensation expenses, which are non-cash charges. The Company also believes that the use of the non-GAAP measure facilitates investors' assessment of its operating performance.
Non-GAAP adjusted net income (loss) is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. This non-GAAP financial measure has limitations as analytical tools. One of the key limitations of using Non-GAAP adjusted net income (loss) is that it does not reflect all items of expense that affect the Company's operations. Share-based compensation expenses have been and may continue to be incurred in the business and are not reflected in the presentation of Non-GAAP adjusted net income (loss). Further, the non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.
The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company's performance. The Company encourages you to review its financial information in its entirety and not rely on a single financial measure.
Reconciliations of Cango's non-GAAP financial measure to the most comparable U.S. GAAP measure are included at the end of this press release.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars ("US$") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB6.6981 to US$1.00, the noon buying rate in effect on June 30, 2022, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States 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" and similar statements. Among other things, the "Business Outlook" section and quotations from management in this announcement, contain forward-looking statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, 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. Statements that are not historical facts, including statements about Cango's beliefs and expectations, are forward-looking statements. Forward-looking statements 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: Cango's goal and strategies; Cango's expansion plans; Cango's future business development, financial condition and results of operations; Cango's expectations regarding demand for, and market acceptance of, its solutions and services; Cango's expectations regarding keeping and strengthening its relationships with dealers, financial institutions, car buyers and other platform participants; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
Yihe Liu
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: ir@cangoonline.com
Twitter: https://twitter.com/Cango_Group
Emilie Wu
The Piacente Group, Inc.
Tel: +86 21 6039 8363
Email: ir@cangoonline.com
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SOURCE Cango Inc.
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https://www.mysuncoast.com/prnewswire/2022/08/29/cango-inc-reports-second-quarter-2022-unaudited-financial-results/
| 2022-08-29T21:59:36Z
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– Data analyses of onabotulinumtoxinA (BOTOX®) in adult patients with chronic migraine, cervical dystonia, overactive bladder, spasticity, and pediatric patients with neurogenic detrusor overactivity provide further insights on real-world utilization and long-term use
– Study results on onabotulinumtoxinA (BOTOX® Cosmetic) in moderate to severe forehead lines, lateral canthal lines, and glabellar lines to be presented
– Company to share advances in aesthetic medicine, including investigational results from a Phase 2b study in patients with masseter muscle hypertrophy
NORTH CHICAGO, Ill., July 25, 2022 /PRNewswire/ -- AbbVie (NYSE: ABBV) and Allergan Aesthetics announced today that more than 30 abstracts, including seven podium presentations, will be presented during the upcoming TOXINS 2022 Conference, July 27-30 in New Orleans. Clinical studies, health economics, preclinical research, and real-world utilization data will highlight onabotulinumtoxinA (BOTOX® and BOTOX® Cosmetic) across approved and investigational indications.
"For more than 32 years, we have remained committed to advancing neurotoxin science to better address the unmet needs of patients across a variety of conditions and our work continues," said Mitchell F. Brin, M.D., senior vice president, chief scientific officer, BOTOX® & Neurotoxins, AbbVie. "Our data at TOXINS reinforce not only our leadership in neurotoxin research and development, but also our commitment to provide world-class medical education to help accelerate scientific knowledge and technical skills that can help improve patient outcomes."
At the meeting, researchers will present data on the use of onabotulinumtoxinA in chronic migraine, pediatric neurogenic detrusor overactivity, overactive bladder, cervical dystonia, and spasticity. Notable data will include an analysis from the CD-PROBE study, which evaluated the safety and efficacy of onabotulinumtoxinA in difficult-to-treat cervical dystonia postures: anterocollis and retrocollis.
Additionally, the company will share advances in aesthetic medicine, including new data on onabotulinumtoxinA in moderate to severe forehead lines, lateral canthal lines, and glabellar lines. Investigational results will also be presented from a phase 2b study of onabotulinumtoxinA in patients with masseter muscle hypertrophy.
"Our deep scientific focus continues to drive exciting innovations in aesthetic medicine," said Darin Messina, senior vice president, global head of aesthetics R&D, AbbVie. "We look forward to presenting results from our phase 2 dose-escalation study of onabotulinumtoxinA in masseter muscle prominence, a known area of aesthetic concern for a growing number of patients."
Key abstracts and presentation details for the TOXINS 2022 conference are outlined below.
In addition to posters being displayed at the TOXINS 2022 conference, there will also be a virtual poster hall on the International Neurotoxin Association website here where posters will be available for viewing by conference attendees for six months after the conference. The full TOXINS 2022 conference program can be found here.
About BOTOX®
BOTOX® (onabotulinumtoxinA) U.S. Important Information
IMPORTANT SAFETY INFORMATION
BOTOX® (onabotulinumtoxinA) and BOTOX® Cosmetic may cause serious side effects that can be life threatening. Get medical help right away if you have any of these problems any time (hours to weeks) after injection of BOTOX or BOTOX Cosmetic:
- Problems swallowing, speaking, or breathing, due to weakening of associated muscles, can be severe and result in loss of life. You are at the highest risk if these problems are preexisting before injection. Swallowing problems may last for several months.
- Spread of toxin effects. The effect of botulinum toxin may affect areas away from the injection site and cause serious symptoms, including loss of strength and all-over muscle weakness; double vision; blurred vision; drooping eyelids; hoarseness or change or loss of voice; trouble saying words clearly; loss of bladder control; trouble breathing; and trouble swallowing.
There has not been a confirmed serious case of spread of toxin effect away from the injection site when BOTOX has been used at the recommended dose to treat chronic migraine, severe underarm sweating, blepharospasm, strabismus, or when BOTOX Cosmetic has been used at the recommended dose to treat frown lines, crow's feet lines, and/or forehead lines.
INDICATIONS
BOTOX is a prescription medicine that is injected into muscles and used:
- To treat overactive bladder symptoms such as a strong need to urinate with leaking or wetting accidents (urge urinary incontinence), a strong need to urinate right away (urgency), and urinating often (frequency) in adults 18 years and older when another type of medicine (anticholinergic) does not work well enough or cannot be taken
- To treat leakage of urine (incontinence) in adults 18 years and older with overactive bladder due to a neurologic disease when another type of medicine (anticholinergic) does not work well enough or cannot be taken
- To treat overactive bladder due to a neurologic disease in children 5 years of age and older when another type of medicine (anticholinergic) does not work well enough or cannot be taken
- To prevent headaches in adults with chronic migraine who have 15 or more days each month with headache lasting 4 or more hours each day in people 18 years and older
- To treat increased muscle stiffness in people 2 years of age and older with spasticity
- To treat the abnormal head position and neck pain that happens with cervical dystonia (CD) in people 16 years and older
- To treat certain types of eye muscle problems (strabismus) or abnormal spasm of the eyelids (blepharospasm) in people 12 years of age and older
BOTOX is also injected into the skin to treat the symptoms of severe underarm sweating (severe primary axillary hyperhidrosis) when medicines used on the skin (topical) do not work well enough in people 18 years and older.
BOTOX Cosmetic is a prescription medicine that is injected into muscles and used to temporarily improve the look of moderate to severe forehead lines, crow's feet lines, and frown lines between the eyebrows in adults.
It is not known whether BOTOX and BOTOX Cosmetic are safe and effective to prevent headaches in patients with migraine who have 14 or fewer headache days each month (episodic migraine).
BOTOX has not been shown to help people perform task-specific functions with their upper limbs or increase movement in joints that are permanently fixed in position by stiff muscles.
It is not known whether BOTOX and BOTOX Cosmetic are safe and effective for severe sweating anywhere other than your armpits.
It is not known if BOTOX Cosmetic is safe and effective for use more than 1 time every 3 months.
IMPORTANT SAFETY INFORMATION (continued)
BOTOX and BOTOX Cosmetic may cause loss of strength or general muscle weakness, vision problems, or dizziness within hours to weeks of receiving BOTOX or BOTOX Cosmetic. If this happens, do not drive a car, operate machinery, or do other dangerous activities.
Do not receive BOTOX or BOTOX Cosmetic if you are allergic to any of its ingredients (see Medication Guide for ingredients); had an allergic reaction to any other botulinum toxin product such as Myobloc® (rimabotulinumtoxinB), Dysport® (abobotulinumtoxinA), or Xeomin® (incobotulinumtoxinA); have a skin infection at the planned injection site.
Do not receive BOTOX for the treatment of urinary incontinence if you have a urinary tract infection (UTI) or cannot empty your bladder on your own and are not routinely catheterizing. Due to the risk of urinary retention (difficulty fully emptying the bladder), only patients who are willing and able to initiate catheterization posttreatment, if required, should be considered for treatment.
Patients treated for overactive bladder: In clinical trials, 36 of the 552 patients had to self-catheterize for urinary retention following treatment with BOTOX compared to 2 of the 542 treated with placebo. The median duration of postinjection catheterization for these patients treated with BOTOX 100 Units (n = 36) was 63 days (minimum 1 day to maximum 214 days), as compared to a median duration of 11 days (minimum 3 days to maximum 18 days) for patients receiving placebo (n = 2). Patients with diabetes mellitus treated with BOTOX were more likely to develop urinary retention than nondiabetics.
Adult patients treated for overactive bladder due to neurologic disease: In clinical trials, 30.6% of adult patients (33/108) who were not using clean intermittent catheterization (CIC) prior to injection required catheterization for urinary retention following treatment with BOTOX 200 Units, as compared to 6.7% of patients (7/104) treated with placebo. The median duration of postinjection catheterization for these patients treated with BOTOX 200 Units (n = 33) was 289 days (minimum 1 day to maximum 530 days), as compared to a median duration of 358 days (minimum 2 days to maximum 379 days) for patients receiving placebo (n = 7).
Among adult patients not using CIC at baseline, those with MS were more likely to require CIC postinjection than those with SCI.
The dose of BOTOX and BOTOX Cosmetic is not the same as, or comparable to, any other botulinum toxin product.
Serious and/or immediate allergic reactions have been reported, including itching; rash; red, itchy welts; wheezing; asthma symptoms; dizziness; or feeling faint. Get medical help right away if you experience symptoms; further injection of BOTOX or BOTOX Cosmetic should be discontinued.
Tell your doctor about all your muscle or nerve conditions, such as ALS or Lou Gehrig's disease, myasthenia gravis, or Lambert-Eaton syndrome, as you may be at increased risk of serious side effects, including difficulty swallowing and difficulty breathing from typical doses of BOTOX or BOTOX Cosmetic.
Tell your doctor if you have any breathing-related problems. Your doctor may monitor you for breathing problems during treatment with BOTOX for spasticity or for detrusor overactivity associated with a neurologic condition. The risk of developing lung disease in patients with reduced lung function is increased in patients receiving BOTOX.
Cornea problems have been reported. Cornea (surface of the eye) problems have been reported in some people receiving BOTOX for their blepharospasm, especially in people with certain nerve disorders. BOTOX may cause the eyelids to blink less, which could lead to the surface of the eye being exposed to air more than is usual. Tell your doctor if you experience any problems with your eyes while receiving BOTOX. Your doctor may treat your eyes with drops, ointments, contact lenses, or with an eye patch.
Bleeding behind the eye has been reported. Bleeding behind the eyeball has been reported in some people receiving BOTOX for their strabismus. Tell your doctor if you notice any new visual problems while receiving BOTOX.
Bronchitis and upper respiratory tract infections (common colds) have been reported. Bronchitis was reported more frequently in adults receiving BOTOX for upper limb spasticity. Upper respiratory infections were also reported more frequently in adults with prior breathing-related problems with spasticity. In pediatric patients treated with BOTOX for upper limb spasticity, upper respiratory tract infections were reported more frequently. In pediatric patients treated with BOTOX for lower limb spasticity, upper respiratory tract infections were not reported more frequently than placebo.
Autonomic dysreflexia in patients treated for overactive bladder due to a neurologic disease. Autonomic dysreflexia associated with intradetrusor injections of BOTOX could occur in patients treated for detrusor overactivity associated with a neurologic condition and may require prompt medical therapy. In clinical trials, the incidence of autonomic dysreflexia was greater in adult patients treated with BOTOX 200 Units compared with placebo (1.5% versus 0.4%, respectively).
Tell your doctor about all your medical conditions, including if you have or have had bleeding problems; have plans to have surgery; had surgery on your face; have weakness of forehead muscles, trouble raising your eyebrows, drooping eyelids, and any other abnormal facial change; have symptoms of a UTI and are being treated for urinary incontinence (symptoms of a UTI may include pain or burning with urination, frequent urination, or fever); have problems emptying your bladder on your own and are being treated for urinary incontinence; are pregnant or plan to become pregnant (it is not known if BOTOX or BOTOX Cosmetic can harm your unborn baby); are breastfeeding or plan to (it is not known if BOTOX or BOTOX Cosmetic passes into breast milk).
Tell your doctor about all the medicines you take, including prescription and over-the-counter medicines, vitamins, and herbal supplements. Using BOTOX or BOTOX Cosmetic with certain other medicines may cause serious side effects. Do not start any new medicines until you have told your doctor that you have received BOTOX or BOTOX Cosmetic in the past.
Tell your doctor if you have received any other botulinum toxin product in the last 4 months; have received injections of botulinum toxin such as Myobloc®, Dysport®, or Xeomin® in the past (tell your doctor exactly which product you received); have recently received an antibiotic by injection; take muscle relaxants; take an allergy or cold medicine; take a sleep medicine; take aspirin-like products or blood thinners.
Other side effects of BOTOX and BOTOX Cosmetic include dry mouth; discomfort or pain at the injection site; tiredness; headache; neck pain; eye problems such as double vision, blurred vision, decreased eyesight, drooping eyelids, swelling of your eyelids, and dry eyes; drooping eyebrows; and upper respiratory tract infection. In adults being treated for urinary incontinence, other side effects include UTI and painful urination. In children being treated for urinary incontinence, other side effects include UTI and bacteria in the urine. In patients being treated for urinary incontinence, another side effect includes the inability to empty your bladder on your own. If you have difficulty fully emptying your bladder on your own after receiving BOTOX, you may need to use disposable self-catheters to empty your bladder up to a few times each day until your bladder is able to start emptying again.
For more information, refer to the Medication Guide or talk with your doctor.
You are encouraged to report negative side effects of prescription drugs to the FDA.
Visit www.fda.gov/medwatch or call 1-800-FDA-1088.
If you are having difficulty paying for your medicine, AbbVie may be able to help.
Visit AbbVie.com/myAbbVieAssist to learn more.
Please see BOTOX® full Product Information, including Boxed Warning and Medication Guide.
Please see BOTOX® Cosmetic full Product Information, including Boxed Warning and Medication Guide
About Allergan Aesthetics
Allergan Aesthetics, an AbbVie company, develops, manufactures, and markets a portfolio of leading aesthetics brands and products. Their aesthetics portfolio includes facial injectables, body contouring, plastics, skin care, and more. Their goal is to consistently provide customers worldwide with innovation, education, exceptional service, and a commitment to excellence, all with a personal touch. www.AllerganAesthetics.com
About AbbVie
AbbVie's mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, women's health and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on Twitter, Facebook, Instagram, YouTube and LinkedIn.
Forward-Looking Statements
Some statements in this news release are, or may be considered, forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "project" and similar expressions, among others, generally identify forward-looking statements. AbbVie cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, failure to realize the expected benefits from AbbVie's acquisition of Allergan plc ("Allergan"), failure to promptly and effectively integrate Allergan's businesses, competition from other products, challenges to intellectual property, difficulties inherent in the research and development process, adverse litigation or government action, changes to laws and regulations applicable to our industry and the impact of public health outbreaks, epidemics or pandemics, such as COVID-19. Additional information about the economic, competitive, governmental, technological and other factors that may affect AbbVie's operations is set forth in Item 1A, "Risk Factors," of AbbVie's 2021 Annual Report on Form 10-K, which has been filed with the Securities and Exchange Commission, as updated by its subsequent Quarterly Reports on Form 10-Q. AbbVie undertakes no obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.
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SOURCE AbbVie
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https://www.wibw.com/prnewswire/2022/07/25/abbvie-allergan-aesthetics-present-new-data-leading-neurotoxin-portfolio-toxins-2022-conference/
| 2022-07-25T12:58:26Z
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KALISPELL, Mont., July 6, 2022 /PRNewswire/ -- Endpoint Utility Corp, a Montana-based IT support provider for small businesses and individuals, today announced a new partnership with the Northwest Montana Association of Realtors® (NMAR). This partnership will provide NMAR's nearly 1,300 Realtor® members with the IT support needed to stay productive and secure.
"Today's real estate agents rely heavily on technology to conduct business – but a common theme is time wasted on trying to support their own IT, as well as cybersecurity threats. Secure devices and apps, speed, and performance are mission critical for Realtors®, especially at the pace needed to stay competitive in this market," said David Mayer, CEO of Endpoint Utility Corp. "That's why we built On Demand Tech Support for Realtors®. It empowers them to stay focused on their clients, closing transactions, and growing their business…not troubleshooting technology issues or worrying about data security."
"Even NMAR has had their IT troubles. I'm so grateful we found Endpoint!" said Jeri Moon, NMAR Association Executive. "The days of frantically trying to fix A/V problems have been solved. They've proven to be available at a moment's notice and that's why we're excited to be able to extend the same great support NMAR has received from Endpoint Utility out to all our membership."
Key features of On-Demand Tech Support for Realtors® include:
- User Support – Questions and issues with Realtor® apps
- Security – Up to date and protected data and devices
- Device Support – Proactive and reactive support and repair
- Connectivity – Plans and devices to keep you always connected
For more Information as well as pricing, visit:
https://www.endpointutilitycorp.com/NMAR
About Endpoint Utility Corporation: Endpoint Utility Corporation is a Kalispell, Montana based IT support provider for small businesses and individuals. Endpoint Utility provides an affordable, expertly managed set of technology solutions for customers that have been dramatically underserved by the current IT ecosystem.
About Northwest Montana Association of Realtors®:
Northwest Montana Association of Realtors® is the voice of real estate in Northwest Montana, supporting more than 1,300 members serving land, commercial and residential real estate. NMAR is dedicated to helping local Realtors® succeed by providing a full range of member services and benefits, professional development opportunities, and legislative advocacy.
David Mayer
Endpoint Utility Corp
406-884-2420
David.mayer@endpointutilitycorp.com
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https://www.kxii.com/prnewswire/2022/07/06/northwest-montana-association-realtors-nmar-partners-with-endpoint-utility-tackle-lack-tech-support-realtors/
| 2022-07-06T16:34:57Z
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Fiscal Third Quarter 2022 Highlights:
- Revenue of $721 million increased 4% compared to prior year or 5% on a pro forma basis
- GAAP EPS of $0.68 increased 28%; adjusted EPS of $0.92 increased 8% largely due to higher volume in Molding Technology Solutions and lower shares outstanding
- Completed approximately $300 million of share repurchases over the last 5 quarters
- Achieved $75 million annual run-rate synergy target for Milacron integration ahead of schedule
- Fiscal 2022 guidance: reaffirms midpoint of full year adj. EPS, narrowing range to $3.85 - $3.95
BATESVILLE, Ind., Aug. 3, 2022 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) reported results for the fiscal 2022 third quarter, which ended June 30, 2022.
"We made great strides in advancing our profitable growth strategy and strengthening our industrial segments during the third quarter," said Kim Ryan, President and Chief Executive Officer of Hillenbrand. "I am proud of our associates for their resiliency in navigating this challenging global operating environment and our continued success in driving operational efficiency through the consistent deployment of the Hillenbrand Operating Model, which contributed to revenue and adjusted EPS growth in the quarter. We continue to position Hillenbrand for profitable growth through accretive acquisitions like the pending Herbold Meckesheim and LINXIS Group transactions, which will expand our existing capabilities into the attractive growth end markets of recycling and food. I am excited about our future, and confident that Hillenbrand is well positioned to generate long-term value for our shareholders."
Third Quarter 2022 Results
Revenue of $721 million increased 4% compared to the prior year primarily driven by increased pricing and volume growth within the Molding Technology Solutions and Advanced Process Solutions segments, partially offset by foreign currency exchange and the divestiture of TerraSource Global. Excluding the impact of foreign currency exchange, revenue increased 8%. On a pro forma basis, which excludes the divested TerraSource business, revenue increased 5% year over year, or 10% excluding the impact of foreign currency exchange.
Net income of $49 million resulted in $0.68 per share, an increase of $0.15 per share, or 28% compared to the prior year. Adjusted net income of $66 million resulted in adjusted EPS of $0.92, an increase of $0.07, or 8%, as favorable pricing, higher volume in our industrial segments, and lower shares outstanding were partially offset by inflation and the impact of foreign currency exchange. The adjusted effective tax rate for the quarter was 29.7%, a decrease of 70 basis points from the prior year.
Adjusted EBITDA of $126 million was essentially flat year over year. On a pro forma basis, adjusted EBITDA decreased 1%, but excluding the impact of foreign currency exchange, increased 4%, while adjusted EBITDA margin of 17.4% decreased 120 basis points compared to a year ago primarily due to the dilutive effect of price-cost coverage and lower volume in Batesville, which more than offset operating leverage from higher volume in our industrial segments.
Advanced Process Solutions (APS)
Revenue of $310 million decreased 1% compared to the same period in the prior year, but increased 7% excluding the impact of foreign currency exchange. On a pro forma basis, revenue increased 2% year over year, or 10% excluding the impact of foreign currency exchange, primarily driven by favorable pricing and higher volume of large plastics systems and aftermarket parts and services.
Adjusted EBITDA of $61 million decreased 1% year over year. On a pro forma basis, adjusted EBITDA decreased 3%, but excluding the impact of foreign currency exchange, it increased 6%. Pro forma adjusted EBITDA margin of 19.5% was down 100 basis points primarily due to the dilutive effect of price-cost coverage.
Backlog of $1.2 billion decreased 9% on a pro forma basis compared to the prior year, but was flat excluding the impact of foreign currency exchange. Sequentially, backlog was down 4% compared to the quarter ended March 31, 2022, but was flat excluding the impact of foreign currency exchange.
Molding Technology Solutions (MTS)
Revenue of $270 million increased 11% year over year, or 14% excluding the impact of foreign currency exchange, as higher volume from the injection molding product line and favorable pricing were partially offset by a decline in volume from the hot runner product line, which was due to the COVID-19 related shutdowns in China.
Adjusted EBITDA of $55 million increased 11% compared to the prior year, or 15% excluding the impact of foreign currency exchange, while adjusted EBITDA margin of 20.2% was flat, as favorable pricing, operating leverage from higher volume and productivity improvements were offset by inflation and unfavorable mix.
Backlog of $420 million increased 8% year over year, or 10% excluding the impact of foreign currency exchange, primarily driven by an increase in injection molding and extrusion equipment orders. Sequentially, backlog was up approximately 1% compared to the quarter ended March 31, 2022.
Batesville
Revenue of $141 million was up 2% compared to the prior year primarily resulting from the price surcharges implemented this year to offset the significant increase in commodity costs. Burial casket volume was lower compared to the prior year primarily due to an estimated decrease in deaths associated with the COVID-19 pandemic and an estimated increase in the rate at which families opted for cremation.
Adjusted EBITDA of $25 million decreased 15% compared to the prior year, while adjusted EBITDA margin of 17.9% decreased 370 basis points primarily due to the dilutive effect of price-cost coverage and the impact of lower volume, which were partially offset by productivity improvements.
Balance Sheet, Cash Flow and Capital Allocation
Hillenbrand had cash flow from operations of $4 million in the quarter, a decrease of $180 million year-over-year, primarily due to the timing of working capital related to large plastics projects and an increase in inventory due to increased customer demand and supply chain disruptions. During the quarter, the Company repurchased approximately 2,646,000 shares for $111.5 million at an average share price of $42.14 and returned approximately $15 million to shareholders in the form of quarterly dividends. Subsequent to the quarter, the Company repurchased an additional 291,000 shares for $11.9 million at an average share price of $40.79. The Company has $150 million remaining under its existing share repurchase authorization.
Net debt at the end of the quarter was $930 million, and the net debt to adjusted EBITDA ratio was 1.7x. Liquidity at the end of the quarter was approximately $1.2 billion, including $284 million in cash on hand and the remainder available under our revolving credit facility and delayed-draw term loan facility.
Fiscal 2022 Outlook
Hillenbrand is updating its annual guidance for fiscal year 2022. Revenue and EBITDA margin guidance is on a pro forma basis, excluding the divested Red Valve, ABEL, and TerraSource businesses. Fiscal year 2022 guidance does not include any impact from the pending acquisitions of Herbold Meckesheim and LINXIS Group.
Conference Call Information
Date/Time: Thursday, August 4, 2022, 8:00 a.m. ET
Dial-In for U.S. and Canada: 1-877-407-8012
Dial-In for International: +1-412-902-1013
Conference call ID number: 13731866
Webcast link: http://ir.hillenbrand.com under the News & Events tab (archived through Friday, September 2, 2022)
Replay - Conference Call
Date/Time: Available until midnight ET, Thursday, August 18, 2022
Replay ID number: 13731866
Dial-In for U.S. and Canada: 1-877-660-6853
Dial-In for International: +1-201-612-7415
Hillenbrand's financial statements on Form 10-Q are expected to be filed jointly with this release and will be made available on the company's website (https://ir.hillenbrand.com).
In addition to the financial measures prepared in accordance with United States generally accepted accounting principles (GAAP), this earnings release also contains non-GAAP operating performance measures. These non-GAAP measures are referred to as "adjusted" measures and exclude the following items:
- business acquisition, disposition, and integration costs;
- restructuring and restructuring related charges;
- intangible asset amortization;
- certain debt financing activities;
- gains and losses on divestitures;
- other individually immaterial one-time costs;
- the related income tax impact for all of these items; and
- certain tax items related to the divestitures of Red Valve, ABEL, and TerraSource, the revaluation of deferred tax balances resulting from fluctuations in currency exchange rates for certain foreign jurisdictions, the impact that the Milacron loss carryforward attributes have on tax provisions related to the imposition of tax on Global Intangible Low-Taxed Income (GILTI) earned by certain foreign subsidiaries, the Foreign Derived Intangible Income Deduction (FDII), and the Base Erosion and Anti-Abuse Tax (BEAT).
Refer to the Reconciliation of Non-GAAP Measures for further information on these adjustments. Non-GAAP information is provided as a supplement to, not as a substitute for, or as superior to, measures of financial performance prepared in accordance with GAAP.
Hillenbrand uses this non-GAAP information internally to measure operating segment performance and make operating decisions and believes it is helpful to investors because it allows more meaningful period-to-period comparisons of ongoing operating results. The information can also be used to perform trend analysis and to better identify operating trends that may otherwise be masked or distorted by items such as the above excluded items. Hillenbrand believes this information provides a higher degree of transparency.
One important non-GAAP measure Hillenbrand uses is adjusted earnings before interest, income tax, depreciation, and amortization ("adjusted EBITDA"). A part of our strategy is to pursue acquisitions that strengthen or establish leadership positions in key markets. Given that strategy, it is a natural consequence to incur related expenses, such as amortization from acquired intangible assets and additional interest expense from debt-funded acquisitions. Accordingly, we use adjusted EBITDA, among other measures, to monitor our business performance. We also use "adjusted net income" and "adjusted diluted earnings per share (EPS)," which are defined as net income and earnings per share, respectively, each excluding items described in connection with adjusted EBITDA. Adjusted EBITDA, adjusted net income, and adjusted diluted EPS are not recognized terms under GAAP and therefore do not purport to be alternatives to net income or to diluted EPS, as applicable. Further, Hillenbrand's measures of adjusted EBITDA, adjusted net income, and adjusted diluted EPS may not be comparable to similarly titled measures of other companies.
Pro forma revenue and pro forma adjusted EBITDA are defined respectively as net revenue and adjusted EBITDA excluding net revenue and adjusted EBITDA directly attributable to Red Valve which was divested on December 31, 2020, ABEL which was divested on March 10, 2021, and TerraSource which was divested on October 22, 2021. Hillenbrand uses pro forma measures to assess performance of its reportable operating segments and the Company in total without the impact of recent acquisitions and divestitures.
Hillenbrand calculates the foreign currency impact on net revenue in order to better measure the comparability of results between periods. We calculate the foreign currency impact by translating current year results at prior year foreign exchange rates. This information is provided because exchange rates can distort the underlying change in sales, either positively or negatively.
Another important operational measure used is backlog. Backlog is not a term recognized under GAAP; however, it is a common measurement used in industries with extended lead times for order fulfillment (long-term contracts), like those in which the Advanced Process Solutions and Molding Technology Solutions reportable operating segments compete. Backlog represents the amount of consolidated net revenue that we expect to realize on contracts awarded to the Advanced Process Solutions and Molding Technology Solutions reportable operating segments. For purposes of calculating backlog, 100% of estimated net revenue attributable to consolidated subsidiaries is included. Backlog includes expected net revenue from large systems and equipment, as well as aftermarket parts, components, and service. The length of time that projects remain in backlog can span from days for aftermarket parts or service to approximately 18 to 24 months for larger system sales within the Advanced Process Solutions reportable operating segment. The majority of the backlog within the Molding Technology Solutions reportable operating segment is expected to be fulfilled within the next twelve months. Backlog includes expected net revenue from the remaining portion of firm orders not yet completed, as well as net revenue from change orders to the extent that they are reasonably expected to be realized. We include in backlog the full contract award, including awards subject to further customer approvals, which we expect to result in revenue in future periods. In accordance with industry practice, our contracts may include provisions for cancellation, termination, or suspension at the discretion of the customer.
Hillenbrand expects that future net revenue associated with the Advanced Process Solutions and Molding Technology Solutions reportable operating segments will be influenced by order backlog because of the lead time involved in fulfilling engineered-to-order equipment for customers. Although backlog can be an indicator of future net revenue, it does not include projects and parts orders that are booked and shipped within the same quarter. The timing of order placement, size, extent of customization, and customer delivery dates can create fluctuations in backlog and net revenue. Net revenue attributable to backlog may also be affected by foreign exchange fluctuations for orders denominated in currencies other than U.S. dollars.
See below for a reconciliation from GAAP operating performance measures to the most directly comparable non-GAAP (adjusted) performance measures. Given that backlog is an operational measure and that the Company's methodology for calculating backlog does not meet the definition of a non-GAAP measure, as that term is defined by the SEC, a quantitative reconciliation is not required or provided. In addition, forward-looking adjusted earnings per share for fiscal 2022 excludes potential charges or gains that may be recorded during the fiscal year, including among other things, items described above in connection with other "adjusted" measures. Hillenbrand thus also does not attempt to provide reconciliations of such forward-looking non-GAAP earnings guidance to the comparable GAAP measure, as permitted by Item 10(e)(1)(i)(B) of Regulation S-K, because the impact and timing of these potential charges or gains is inherently uncertain and difficult to predict and is unavailable without unreasonable efforts. In addition, the Company believes such reconciliations would imply a degree of precision and certainty that could be confusing to investors. Such items could have a substantial impact on GAAP measures of Hillenbrand's financial performance.
Forward-Looking Statements
Throughout this earnings release, we make a number of "forward-looking statements" that are within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, and that are intended to be covered by the safe harbor provided under these sections. As the words imply, these are statements about future sales, earnings, cash flow, results of operations, uses of cash, financings, share repurchases, ability to meet deleveraging goals, and other measures of financial performance or potential future plans or events, strategies, objectives, beliefs, prospects, assumptions, expectations, and projected costs or savings or transactions of the Company that might or might not happen in the future, as contrasted with historical information. Forward-looking statements are based on assumptions that we believe are reasonable, but by their very nature are subject to a wide range of risks. If our assumptions prove inaccurate or unknown risks and uncertainties materialize, actual results could vary materially from Hillenbrand's (the "Company") expectations and projections.
Words that could indicate that we are making forward-looking statements include the following:
This is not an exhaustive list, but is intended to give you an idea of how we try to identify forward-looking statements. The absence of any of these words, however, does not mean that the statement is not forward-looking.
Here is the key point: Forward-looking statements are not guarantees of future performance or events, and actual results or events could differ materially from those set forth in any forward-looking statements. Any number of factors, many of which are beyond our control, could cause our performance to differ significantly from what is described in the forward-looking statements. These factors include, but are not limited to: risks related to the Russian Federation's invasion of Ukraine (referred to herein as the "Ukraine War") and resulting geopolitical instability and uncertainty, which could have a negative impact on our ability to sell to, ship products to, collect payments from, and support customers in certain regions, in addition to the potential effect of supply chain disruptions that could adversely affect profitability; the impact of contagious diseases such as the COVID-19 pandemic and the escalation thereof due to variant strains of the virus and the societal, governmental, and individual responses thereto, including supply chain disruption, loss of contracts and/or customers, erosion of some customers' credit quality, downgrades of the Company's credit quality, closure or temporary interruption of the Company's or suppliers' manufacturing facilities, travel, shipping and logistical disruptions, domestic and international general economic conditions, such as inflation, exchange rates and interest rates; loss of human capital or personnel, and general economic calamities; increased costs, poor quality, or unavailability of raw materials or certain outsourced services and supply chain disruptions; increasing competition for highly skilled and talented workers as well as labor shortages; the risk of business disruptions associated with information technology, cyber-attacks, or catastrophic losses affecting infrastructure; risks that the integration of Milacron disrupts current operations or poses potential difficulties in employee retention or otherwise affects financial or operating results; the ability to recognize the benefits of the acquisition of Milacron or any other acquisition or disposition, including the pending acquisitions of Herbold Meckesheim and Linxis Group, including potential synergies and cost savings or the failure of the Company or any acquired company to achieve its plans and objectives generally; impairment charges to goodwill and other identifiable intangible assets; competition in the industries in which we operate, including on price or from nontraditional sources in the death care industry; impacts of decreases in demand or changes in technological advances, laws, or regulation on the revenues that we derive from the plastics industry; our reliance upon employees, agents, and business partners to comply with laws in many countries and jurisdictions; the impact of incurring significant amounts of indebtedness and any inability of the Company to respond to changes in its business or make future desirable acquisitions; the ability of the Company to comply with financial or other covenants in its debt agreements; global market and economic conditions, including those related to the financial markets; our level of international sales and operations; cyclical demand for industrial capital goods; continued fluctuations in mortality rates and increased cremations; the dependence of our business units on relationships with several large customers and providers; competition faced by our Batesville business from non-traditional sources; the impact to the Company's effective tax rate of changes in the mix of earnings or tax laws and certain other tax-related matters; involvement in claims, lawsuits and governmental proceedings related to operations; uncertainty in the United States political and regulatory environment or global trade policy; adverse foreign currency fluctuations; labor disruptions; and the effect of certain provisions of the Company's governing documents and Indiana law that could decrease the trading price of the Company's common stock. Shareholders, potential investors, and other readers are urged to consider these risks and uncertainties in evaluating forward-looking statements and are cautioned not to place undue reliance on the forward-looking statements. For a more in-depth discussion of these and other factors that could cause actual results to differ from those contained in forward-looking statements, see the discussions under the heading "Risk Factors" in Part I, Item 1A of Hillenbrand's Form 10-K for the year ended September 30, 2021, filed with the Securities and Exchange Commission ("SEC") on November 17, 2021, and in Part II, Item 1A of Hillenbrand's Form 10-Q for the quarter ended June 30, 2022, filed with the SEC on August 3, 2022. The forward-looking information in this release speaks only as of the date hereof, and we assume no obligation to update or revise any forward-looking information.
About Hillenbrand
Hillenbrand (NYSE: HI) is a global industrial company operating in over 40 countries with over 10,000 associates serving a wide variety of industries around the world. Guided by our Purpose — Shape What Matters For Tomorrow™ — we pursue excellence, collaboration, and innovation to consistently shape solutions that best serve our associates, customers, communities, and other stakeholders. Hillenbrand's portfolio includes brands such as Coperion, Milacron Injection Molding & Extrusion, and Mold-Masters, in addition to Batesville. To learn more, visit: www.Hillenbrand.com.
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| 2022-08-03T20:51:18Z
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LONDON (AP) — Buckingham Palace says Queen Elizabeth II will not attend the opening of Parliament on Tuesday amid ongoing mobility issues.
The palace said in a statement Monday that the decision was made in consultation with her doctors and that the 96-year-old monarch had “reluctantly’’ decided not to attend.
Prince Charles will read her speech, which sets out the government’s agenda for the coming parliamentary session. Prince William will also attend.
Elizabeth has attended only a handful of public events in recent months, though she continues to hold virtual audiences regularly.
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https://cw33.com/entertainment-news/ap-entertainment/queen-wont-attend-parliament-opening-due-to-mobility-issues/
| 2022-05-10T01:01:22Z
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SAN FRANCISCO, Aug. 8, 2022 /PRNewswire/ -- Quantum Leap Healthcare Collaborative (QLHC), sponsor of the I-SPY COVID Trial, announces that the cyclosporine arm of the study has been terminated for futility. Cyclosporine, a calcineurin inhibitor and a well-known and commonly prescribed immunosuppressant medication, is best known for its efficacy in the prevention of solid organ transplant rejection.
Due to its anti-inflammatory properties and other potentially beneficial actions, and previous published reports of efficacy in critically ill patients, cyclosporine has been suggested for the treatment of patients hospitalized with COVID-19.i One of the defining characteristics of COVID-19 related lung injury is an overactive immune response and 'cytokine storm' - a difficult-to-treat type of inflammation. The I-SPY investigators hypothesized that cyclosporine's ability to suppress the cytokine storm would reduce inflammatory injury in severely ill COVID-19 patients.
To minimize potential toxicity a relatively low oral dose of 5 mg/kg/day for a duration of 5 days was selected to be administered to patients randomized into the cyclosporine arm. The subjects received the backbone therapy (standard of care) in addition to cyclosporine. The control patients received the standard of care backbone therapy, including dexamethasone and remdesivir.
The I-SPY COVID Trial was designed to rapidly screen agents that show promise for two primary endpoints: reducing the time to recovery (defined as reduction in supplemental oxygen demand) or risk of mortality in critically ill COVID-19 patients. The study utilizes QLHC's adaptive platform trial design methodology, which focuses on the simultaneous, efficient assessment of multiple investigational agents. The testing of cyclosporine was discontinued at the recommendation of the trial Data Monitoring Committee (DMC) after 108 subjects were randomized to the cyclosporine arm and analyzed in the intent-to-treat (ITT) population compared to 127 subjects who were concurrently randomized to the control arm. The probability that cyclosporine could reduce time to recovery was estimated to be 15.4%; the probability that the cyclosporine arm was superior to the concurrent arm to reduce mortality was estimated to be 54.8%. As a result, neither the recovery nor mortality outcomes met the pre-defined criteria for cyclosporine's graduation from the trial. It was also observed that a higher fraction of subjects in the cyclosporine arm reported adverse events possibly related to the study agent compared to that of the concurrent control group—although this is difficult to interpret in an open label trial. Given these data, the cyclosporine arm was closed to further enrollment.
Angela Haczku, MD, PhD and Ari Moskowitz, MD, MPH led the study of this agent in the I-SPY COVID Trial. As noted by Drs. Haczku and Moskowitz, "Although cyclosporine at the selected low dose and duration of treatment did not accomplish the primary endpoints set originally in the study design, we are currently analyzing the effects of this drug on immune biomarkers and other disease outcomes. There are several questions that remain and would be important to address. For example: What are the factors that contributed to the change in patient enrollment into the cyclosporine arm during the second year of the pandemic? What is the relationship of blood cyclosporine concentrations to biomarkers of COVID-19? How did the well-established and extensively detailed list of adverse cyclosporine effects influence the frequency of reporting in this open-label trial?"
One of our future goals is to improve biomarker classification of COVID-19 severe illness," commented Dr. Laura Esserman, co-principal investigator of the I-SPY Trials. "This effort, led by Dr. Carolyn Calfee at the University of California, San Francisco, and the I-SPY COVID Trial Biomarker Working Group, is a critical part of the I-SPY COVID trial which will hopefully help us to find effective agents for this incredibly challenging and devastating disease."
Investigation into additional agents via the I-SPY COVID Trial is ongoing and remains an urgent priority for QLHC and its partners. The I-SPY COVID Trial now includes 33 sites as well as leaders in pulmonary and critical care centers from around the country.
The I-SPY COVID Trial is a collaboration between members of QLHC and pharmaceutical partners and the United States government (USG). This work is supported in part by the Biomedical Advanced Research and Development Authority, part of the Adminstration for Stratefgic Preparedness and Response within the U.S. Department of Health and Human Services, and the Department of Defense (DoD) Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense, in collaboration with the Medical CBRN Defense Consortium. The Defense Threat Reduction Agency enables USG and international partners to counter and deter weapons of mass destruction and emerging threats. Effort was sponsored by the U.S. government under Other Transaction number W15QKN-16-9-1002 between the MCDC, and the government. The US government is authorized to reproduce and distribute reprints for governmental purposes notwithstanding any copyright notation thereon.The views and conclusions contained herein are those of the authors and should not be interpreted as necessarily representing the official policies or endorsements, either expressed or implied, of the U.S. government.
Quantum Leap Healthcare Collaborative is a 501C(3) charitable organization established in 2005 as a collaboration between medical researchers at University of California, San Francisco and Silicon Valley entrepreneurs. Our mission is to integrate high-impact research with clinical processes and systems technology, resulting in improved data management and information systems, greater access to clinical trial matching and sponsorship, and greater benefit to providers, patients and researchers. Our goal is to improve and save lives. Quantum Leap provides operational, financial, and regulatory oversight to the I-SPY Trials. For more information, visit www.QuantumLeapHealth.org.
The I-SPY COVID Trial (Investigation of Serial Studies to Predict Your COVID Therapeutic Response with Biomarker Integration and Adaptive Learning) is an adaptive platform trial designed to increase trial efficiency by minimizing the number of participants and time required to evaluate experimental and/or repurposed drugs. The focus of the trial is to improve outcomes for severely-ill COVID-19 patients—those who require at least 6L of high-flow oxygen either by mask or nasal cannula, known as level 5 on the World Health Organization (WHO) COVID scale, an 8-point ordinal scale of clinical severity status. The primary endpoints include the time to achieve level 4 or less for at least 48 hours on the WHO COVID scale, a decrease in the duration of time on a ventilator, and a decrease in mortality.
The I-SPY COVID Trial is sponsored and managed by Quantum Leap Healthcare Collaborative. For more information, visit www.quantumleaphealth.org or www.ispytrials.org.
This press release contains forward-looking statements. Statements in this press release that are not purely historical are forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law. Investors should consult all the information set forth herein and should also refer to the risk factor disclosure set forth in the reports and other documents the Company files with the SEC available at www.sec.gov.
i Galvez-Romero, J.L. et al (2021). Cyclosporine A plus low-dose steroid treatment in COVID-19 improves clinical outcomes in patients with moderate to severe disease: A pilot study, Journal of Internal Medicine, 289; 906- 920. https://doi.org/10.1111/joim.13223
Media Contact:
Jacqueline Murray
(415) 710-6829
j.murray@quantumleaphealth.org
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| 2022-08-08T18:42:08Z
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Weather service confirms weak tornadoes in Kansas, Nebraska
GOODLAND, Kan. (AP) — The National Weather Service has confirmed a series of weak tornadoes across rural parts of northwestern Kansas and a county in southwestern Nebraska along the Kansas line.
The tornadoes hit Tuesday afternoon as a line of storms moved across the Plains. Spotters and video confirmed separate tornadoes in Decatur, Norton and Gove counties in Kansas and an one in Red Willow County in Nebraska, according to National Weather Service meteorologist Ed Holicky based in Goodland, Kansas.
There were no reports of injuries or damage from the tornadoes, Holicky said.
The system brought gusty winds, heavy rain and some hail, leading to downed tree limbs some roof damage across the region.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wibw.com/2022/05/18/weather-service-confirms-weak-tornadoes-kansas-nebraska/
| 2022-05-18T21:46:26Z
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- Plan of Operations approves drilling on 28 new pads off patented claims
- Allows testing of 4 high priority exploration targets and 22 resource expansion and infill drill holes within the northwest, southwest and southern margins of the Lemhi Gold Deposit
- 5 new holes (>700 m) completed at Beauty with rush assays pending
- Completed 21 step out / resource expansion and 8 infill drill holes for a total of 7,926 metres on Phase 2 drilling at Lemhi. Samples from 14 drill holes are at the lab awaiting analysis.
Toronto Venture Stock Exchange: FMAN
VANCOUVER, BC, May 31, 2022 /PRNewswire/ - Freeman Gold Corp. (TSXV: FMAN) (OTCQX: FMANF) (FSE: 3WU) ("Freeman" or the "Company") is pleased to report it has received approval of a Plan of Operations ("Plan") application to the USDA-Forest Service ("USFS"), Salmon and Challis National Forests, North Fork Ranger District, submitted in September 2021. The Plan was approved May 23, 2022, as POO-2021-081646.
"The approval allows us to drill test key extensions of the Lemhi Gold Deposit to maximize the near surface oxide ounce count. We are very much looking forward to drill testing exiting new targets in our underexplored land package. After our success at Beauty, we are very optimistic that additional gold mineralization can be discovered in the property package," commented Paul Matysek, Executive Chairman of the Company. "We are extremely pleased with the support and collaboration received from the USFS and its staff and hope we can build upon this positive relationship as we develop the Lemhi Deposit."
The Plan includes the construction of 28 drill pads of which 22 are selected for resource infill and expansion at the Lemhi Gold Deposit. These drill pads are situated within Freeman's Bureau of Land Management ("BLM") claims in the northwest, southwest and southern margins of the Lemhi Gold Deposit. The remaining six drill pads are designed to test high priority targets 2, 3 and 7 as defined in the new release dated May 6, 2021, which contain rock grab samples up to 38.23 grams per tonne gold ("g/t Au"). An additional drill pad has been permitted in the northwest portion of the claim block to partially test a coincidental Induced Polarization ("IP") Target, also defined by Freeman as Target 11. All these targets have never been drill-tested, like the Beauty Zone discovery drilled in late 2021 (see press release dated March 22, 2022).
- Target 2: Rock grab samples returned assays 2.55 g/t Au up to 32.8 g/t Au;
- Target 3: Rock grab samples in historic trenches reported 2.88 g/t Au up to 38.23 g/t Au;
- Target 7: Rock grab samples in historic trenches from 1.05 g/t Au up to 12.1 g/t Au;
- Target 11: Priority NNW trending IP anomaly.
The Company continues to drill at both the newly discovered Beauty Zone and the Lemhi Gold Deposit. To date, 37 drill holes have been completed, totalling 8,977 metres.
Five new diamond drill holes totalling 721.5 metres have been completed at the Beauty Zone, following up on the discovery hole which intersected 68.23 g/t Au over 6 metres (March 22, 2022). Drilling has stepped out up to 90 metres along strike and about 75 metres down dip, testing the extent of the high-grade mineralized structures encountered in the discovery holes. All new drill holes have intercepted the structure with widths varying between 2 and 6 metres with the exception of hole FG22-023 which encountered a 6-metre void where the structure was projected. The void is interpreted as the remains of historical mining. Three holes have been logged, sampled, and delivered to the assay laboratory. A rush has been placed on these samples to ensure timely return of results in order to plan the subsequent round of drilling.
As of May 30, 2022, a total of 29 new drill holes have been completed at Lemhi for a total of 7,926 metres. These holes have been primarily designed to test on strike extensions of the known resource (21 drill holes) as well as infill in certain parts of the gold deposit (8 drill holes). In particular, the drill program has focused on areas currently modelled as pit waste because of no or sparse drill data. All ounces added in these areas, even if low grade, will add value to the project as it will be converting in pit waste material to resources (Figure attached). An additional 19 holes approximately 4,800 m have been planned as part of the Phase 2 drilling program. See Figure 1.
Fourteen drill holes from Lemhi have been logged, sampled and sent to the laboratory. Analytical results are pending. Two drills continue to operate at Lemhi.
The Company also announces that, further to its news release of September 15, 2020, it has agreed to issue, subject to acceptance by the TSX Venture Exchange (the "Exchange"), a further cash payment in the amount of US$100,000 and issue an additional 375,000 common shares in its capital in connection with the acquisition of the Moon #100 and Moon #101 unpatented mining claims ("Moon Claims"), located within the historical resource area of Lemhi gold project.
On September 4, 2020, the Company entered into a purchase and sale agreement to acquire 100% ownership of the Moon Claims for cash consideration of US$150,000 and share consideration of 375,000 Freeman common shares. Subsequent to the transaction and in order to overcome certain mineral title matters, the Company entered into a follow up purchase and sale agreement on June 23, 2021 (the "Execution Date"), pursuant to which the Company agreed to make payment of an additional US$100,000 and issue a further 375,000 common shares in its capital (the "Final Consideration Shares") within one year of the Execution Date in order to complete the Moon Claims acquisition.
Closing of the acquisition and the issuance of the Final Considerations Shares remains subject to certain conditions, including receipt of all necessary approvals, including the approval of the Exchange. The deemed value per Final Consideration Share is $0.33 being the current Discounted Market Price (as defined in the policies of the Exchange) per common share of the Company. The Final Consideration Shares will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.
Freeman Gold Corp. is a mineral exploration company focused on the development of its 100% owned Lemhi Gold property (the "Project"). The Project comprises 30 square kilometres of highly prospective land, hosting a near-surface oxide gold resource. The pit constrained National Instrument 43-101 ("NI 43- 101") compliant mineral resource estimate is comprised of 749,800 oz gold ("Au") at 1.02 grams per tonne ("g/t") in 22.94 million tonnes (Indicated) and 250,300 oz Au at 1.01 g/t Au in 7.83 million tonnes (Inferred). See the NI 43-101 technical report titled "Maiden Resource Technical Report for the Lemhi Gold Project, Lemhi County, Idaho, USA" with an effective date of June 1, 2021, and signing date of July 30, 2021, as prepared by APEX Geoscience Ltd. and F. Wright Consulting Inc. available under the Company's profile on SEDAR (www.sedar.com). The Company is focused on growing and advancing the Project towards a production decision. The technical content of this news release has been reviewed and approved by Dean Besserer, P.Geo., VP Exploration of the Company and a Qualified Person as defined by NI 43- 101.
On Behalf of the Company
William Randall
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This press release contains "forward‐looking information or statements" within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to further exploration, including proposed drilling, of the Lemhi Gold Deposit, the issuance of the Final Consideration Shares and regulatory approvals thereto, and the Company's future business plans. All statements in this release, other than statements of historical facts that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ from those in the forward-looking statements. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties, and assumptions. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
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| 2022-05-31T12:03:03Z
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Three-day exclusive event at the Snowbird Mountain Resort in Utah to feature top leaders, influencers, and innovators in the financial industry and fintech will. I am to lead Sept. 20-22 lineup of keynotes — along with breakout sessions and networking events — focused on the power of technology and data to improve lives
LEHI, Utah, June 9, 2022 /PRNewswire/ -- MX, a leader in Open Finance, today announced that global multi-platinum recording artist, founder of the Black Eyed Peas, and tech entrepreneur will.i.am will keynote Money Experience Summit (MXS) 2022 at the Snowbird Mountain Resort in Utah. MXS 2022 will bring together the financial industry's most respected and transformative leaders for three days of keynotes, breakout sessions, and networking events focused on the power of technology and data to improve lives and empower the world to be financially strong.
"Open Finance is redefining the financial industry and Money Experience Summit is where the brightest minds in the financial industry come together to discuss how we push beyond the status quo to deliver positive customer outcomes and new money experiences," said Shane Evans, Interim CEO and President, MX. "From real-world use cases to visionary ambitions and thought-provoking discussions, MXS 2022 will be a catalyst for innovation and collaboration across the financial industry."
Money Experience Summit 2022 will be held in person from September 20-22 and include three days of inspiring keynote speakers, breakout sessions from industry experts and practitioners, and opportunities to network with financial and fintech leaders, innovators, and developers. Speakers include will.i.am — creative innovator, technology entrepreneur, philanthropist, and advocate for STEM education — along with the top brands and leaders in the financial industry.
Early bird registration for MXS runs through June 17 and includes access to all in-person events, including keynotes, premier breakout events, discounted hotel rooms, and live entertainment. To register for Money Experience Summit visit https://www.mx.com/summit/.
MX Technologies, Inc., a leader in Open Finance, makes data accessible and actionable for everyone. MX is building the largest open finance ecosystem to help drive innovation and improve experiences through secure and reliable access to financial data. MX combines trusted open finance APIs with enhanced financial data to quickly and securely connect to and verify data for hundreds of use cases including account opening, money movement, and underwriting. To learn more, follow us on Twitter @MX or visit www.mx.com.
Media Contact :
Tom Cook
tom.cook@mx.com
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| 2022-06-09T17:15:01Z
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NEW YORK, June 17, 2022 /PRNewswire/ -- Creating a new layer of federal oversight would neither enhance nor standardize the climate-related disclosures U.S. insurers make to investors, the Insurance Information Institute (Triple-I) said in a letter sent today to the U.S. Securities and Exchange Commission (SEC).
Triple-I's letter came in response to the SEC's request for public comment on its proposed rulemaking, "The Enhancement and Standardization of Climate-Related Disclosures for Investors."
"The U.S. property and casualty industry supports and can play a constructive role in advancing transparency around weather- and climate-related risks. Indeed, as financial first responders, insurers have a strong ethical and financial interest in facilitating the transition to a lower-carbon economy and in promoting resilience during that transition," Sean Kevelighan, CEO, Triple-I, and Dale Porfilio, Chief Insurance Officer, Triple-I wrote. "However, adding a new layer of federal oversight to the existing regulatory structure would complicate insurer operations while providing little to no benefit toward reducing greenhouse gas emissions and adapting to near-term conditions and perils."
The U.S. insurance industry is regulated in more than 50 jurisdictions, receiving more governance and regulatory oversight than any other type of financial service. More than 80 percent of insurers' investments are in fixed-income, mostly municipal, securities, the Triple-I noted.
"The SEC's effort overlaps significantly with those of other entities – e.g., the National Association of Insurance Commissioners (NAIC) and the states that regulate insurance, as well as the Treasury Department's Federal Insurance Office (FIO). Assessing Scope 3 emissions would be particularly onerous for insurers due to the fact that they cover diverse personal and commercial assets and activities, over which they have no control – further, there is currently no accepted methodology for insurers to measure their underwriting-related Scope 3 emissions, which makes the SEC's proposed requirement premature for our industry," Kevelighan and Porfilio added.
Scope 3 emissions are the result of activities from assets neither owned nor controlled by the reporting organization, according to the U.S. Environmental Protection Agency (EPA).
In its letter submitted today to the SEC, Triple-I recommended that the NAIC climate risk disclosure survey serve as the primary reporting regime for all insurers, allowing for consistent enforcement across ownership structures (public, private, and mutual) while avoiding unnecessary complexity and expenses.
"Property and casualty insurers are no strangers to climate and extreme-weather risk. We may not always have talked about the issue in those terms, but our industry has long had a financial stake in the issue. Consider the fact that insured losses caused by natural disasters have grown by nearly 700 percent since the 1980s and that four of the five costliest natural disasters in U.S. history occurred over the past decade. The industry is committed to disclosure of climate-related exposures, as such information will be integral to insurers' ability to accurately and reliably underwrite such risks and make better-informed investment decisions," Kevelighan and Porfilio wrote.
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| 2022-06-17T17:59:36Z
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VENICE, Italy (AP) — For the first time in the 127-year history of the Venice Biennale, the world’s oldest and most important contemporary art fair features a majority of female and gender non-conforming artists, under the curatorial direction of Cecilia Alemani.
The result is a Biennale that puts the spotlight on artists who have been long overlooked despite prolific careers, while also investigating themes including gender norms, colonialism and climate change.
Alemani’s main show, titled “The Milk of Dreams,” alongside 80 national pavilions opens Saturday after a one-year pandemic delay. The art fair runs through Nov. 27. It is only the fourth of the Biennale’s 59 editions under female curation.
Women took the top Golden Lion awards announced Saturday for best national pavilion, which went to the United Kingdom pavilion and artist Sonia Boyce. Best participant in the main exhibition was won by U.S. sculptor Simone Leigh.
The predominance of women among the more than 200 artists that Alemani chose for the main show “was not a choice, but a process,’’ Alemani, a New York-based Italian curator, said this week.
“I think some of the best artists today are women artists,’’ she told The Associated Press. “But also, let’s not forget, that in the long history of the Venice Biennale, the preponderance of male artists in previous editions has been astonishing.”
“Unfortunately, we still have not solved many issues that pertain to gender,” Alemani said.
Conceived during the coronavirus pandemic and opening as war rages in Europe, Alemani acknowledged that art in such times may seem “superficial.” But she also asserted the Biennale’s role over the decades as a “sort of seismographer of history … to absorb and record also the traumas and the crises that go well beyond the contemporary art world.”
In a potent reminder, the Russian pavilion remains locked this year, after the artists withdrew following Russia’s invasion of Ukraine. Nearby, sandbags have been erected in the center of the Giardini by the curators of the Ukrainian Pavilion, and surrounded by stylized posters of fresh artwork by Ukrainian artists representing the horrors of the two-month-old war.
American artist Leigh is among the women getting long-overdue recognition in mid-career at this Biennale.She is both headlining the U.S. pavilion and setting the tone at the main exhibit with a towering bust of a Black woman that Alemani originally commissioned for the High Line urban park in New York City.
Fusun Onur, a pioneer of conceptual art in Turkey, at age 85 has filled the Turkish pavilion with wiry cats and mice set up in storyboard tableaus that confront modern-day threats like the pandemic and climate change. While proud of her role representing Turkey and the work she produced during the pandemic in her home overlooking the Bosphorus, she acknowledged that the honor was late in coming.
“Why it is so I don’t know,” Fusan said by phone from Istanbul. “Women artists are working hard, but they are not always recognized. It is always men first.”
New Zealand is represented by third gender artist Yuki Kihara, whose installation “Paradise Camp,” tells the story of Samoa’s Fa’afafine community of people who don’t accept the gender they were assigned at birth.
The exhibition features photos of the Fa’afafine mimicking paintings of Pacific islanders by post-impressionist French artist Paul Gaugin, reclaiming the images in a process the artist refers to as “upcycling.”
“Paradise Camp is really about imagining a Fa’afafine utopia, where it shutters colonial hetero-normality to make way for an Indigenous world view that is inclusive and sensitive to the changes in the environment,’’ Kihara said.
The image of a hyper-realistic sculpture of a futuristic female satyr giving birth opposite her satyr partner, who has hung himself, sets a grim post-apocalyptic tone at the Danish Pavilion, created by Uffe Isolotto.
The Nordic nations of Norway, Sweden and Finland this year turned over their shared pavilion to the Sami, one of Europe’s oldest Indigenous groups, touching on a different idea of nation as the Sami ancestral arctic homeland now spans four nations.
The Sami Pavilion offered a more hopeful path out of the apocalypse, with artwork and performances depicting the struggle against colonialism by the Sami people, while also celebrating their traditions.
“We have in a way discovered how to live within the apocalyptic world and do it while, you know, maintaining our spirits and our beliefs and systems of value,” said co-curator Liisa-Ravna Finbog.
This year’s Golden Lion for lifetime achievement awards go to German artist Katherina Fritsch, whose life-like Elephant sculpture stands in the rotunda of the main exhibit building in the Giardini, and Chilean poet, artist and filmmaker Cecilia Vicuna, whose portrait of her mother’s eyes graces the Biennale catalog cover.
Vicuna painted the portrait while the family was in exile after the violent military coup in Chile against President Salvador Allende. Now 97, her mother accompanied her to the Biennale.
“You see that her spirit is still present, so in a way that painting is like a triumph of love against dictatorship, against repression, against hatred,’’ Vicuna said.
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Charlene Pele contributed to this report.
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https://cw33.com/entertainment-news/ap-entertainment/female-artists-dominate-the-venice-biennale-for-1st-time/
| 2022-04-23T17:29:19Z
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ST. PAUL, Minn., June 21, 2022 /PRNewswire/ -- Johnson // Becker, PLLC is a nationwide products liability law firm with experience representing victims of pressure cooker explosions. The pressure cooker lawyers at the firm have represented over 500 clients who have been severely burned by exploding pressure cookers designed and sold by numerous manufacturers.
Johnson//Becker filed this Complaint on behalf of Carletta Green, a resident of Detroit, Michigan alleging that manufacturer Nuwave is at fault for burn injuries Green suffered while using her Nutri-Pot pressure cooker.
Ms. Green sustained her injuries in July 2020, just one month after purchasing her Nutri-Pot. The pressure cooker exploded during the course of normal use, as the lid opened while the contents inside were still under pressure. According to the Complaint, NuWave has repeatedly marketed the Nutri-Pot pressure cooker as safe, with a lid that locks in place when the unit is operating under pressure. Ms. Green's lawsuit alleges that her Nutri-Pot was dangerously defective, even during the "ordinary, foreseeable and proper use of cooking food with the product." Despite the defect that caused Ms. Green's injuries, NuWave "continues to generate a substantial profit from the sale of their pressure cookers."
This suit is filed by Michael K. Johnson and Adam J. Kress of Johnson // Becker, PLLC. Michael K. Johnson is a founding partner of Johnson // Becker, PLLC. Michael and Adam exclusively handle injury cases, with an emphasis on national products liability litigation, including cases involving burn injuries from defective products.
If you or a loved one has been injured by a defective NuWave pressure cooker, you may want to speak with the lawyers at Johnson//Becker. We are actively filing new Nutri-Pot pressure cooker lawsuits across the country, and you may be entitled to financial compensation for your defective pressure cooker injuries.
We offer a free case evaluation. To learn more about Johnson // Becker's product liability cases, or to arrange a free, no obligation case review, please visit Johnson // Becker at https://www.johnsonbecker.com/product-liability/pressure-cooker-lawsuit/, https://www.johnsonbecker.com/product-liability/nuwave-pressure-cooker-lawsuit/ or contact Johnson // Becker directly at (800) 279-6386.
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https://www.mysuncoast.com/prnewswire/2022/06/21/johnson-becker-pllc-files-michigan-lawsuit-after-nutri-pot-explosion/
| 2022-06-21T22:30:27Z
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CHANGZHOU, China, June 7, 2022 /PRNewswire/ -- EZGO Technologies Ltd. (Nasdaq: EZGO) ("EZGO" or the "Company"), a leading short-distance transportation solutions provider in China, today announced that the Company had received a notification letter dated June 3, 2022 from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company's ordinary shares, par value US$0.001 per share("Ordinary Shares") was below $1.00 per share for a period of 30 consecutive business days.
This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification has no immediate effect on the listing of the Company's Ordinary Shares, which will continue to trade uninterrupted on Nasdaq under the ticker "EZGO".
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until November 30, 2022 (the "Compliance Period"), to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company's Ordinary Shares is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.
In the event the Company does not regain compliance with the minimum bid price requirement by November 30, 2022, the Company may be eligible for an additional 180 calendar day grace period to regain compliance. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary. If the Company chooses to implement a reverse stock split, it must complete the split no later than 10 business days prior to November 30, 2022, or the expiration of the second compliance period if granted.
About EZGO Technologies Ltd.
Leveraging an Internet of Things (IoT) product and service platform and three e-bicycle brands, "EZGO", "Dilang" and "Cenbird", EZGO has established a business model centered on the manufacturing and sale of two- and three-wheeled electric vehicles, lithium batteries, complemented by the e-bicycle charging pile business. For additional information, please visit EZGO's website at www.ezgotech.com.cn. Investors can visit the "Investor Relations" section of EZGO's website at www.ezgotech.com.cn/Investor.
Safe Harbor Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate," or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the short-distance transportation solutions market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission ("SEC"), including the Company's most recently filed Annual Report on Form 20-F and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward‐looking statements to reflect events or circumstances that arise after the date hereof.
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https://www.wibw.com/prnewswire/2022/06/07/ezgo-announces-receipt-nasdaq-notification-regarding-minimum-bid-price-deficiency/
| 2022-06-07T21:45:56Z
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Website was built for creators, collectors, and Metaverse adventurers.
LAS VEGAS, Aug. 17, 2022 /PRNewswire/ -- As the Metaverse and Web3 begin to infiltrate all areas of life and a growing number of industries, the founders of Mystic.com want to simplify the complex and confusing Web3 ecosystem, so everyone feels comfortable to claim their seat at the table.
"Mystic is a Web3 crystal ball for the Metaverse, NFT and gaming ecosystems," said Roger Clark, co-founder of Mystic. "We're building a cohesive, cross-platform experience to help our customers see beyond the hype."
Mystic was founded by a proven team of veterans from finance, crypto, and big tech, whose experience spans 30+ years at companies like Apple, Microsoft, Binance, BlackRock, and Goldman Sachs.
It's no secret that Web3 assets are fragmented, siloed, and technologically immature, creating a slew of problems that Mystic has set out to solve, including:
- Difficult discovery
- Broken metadata
- Unreliable asset storage
- Low-quality market data
- Complexity and confusion
- High barriers to entry
- Negative associations
The website is quickly scaling its NFT platform to include key data for millions of NFTs from thousands of collections. The Web3 NFT search engine, which makes searching for NFTs as simple as a Google search, is now in public beta mode.
Mystic lets users conduct simple "Google-like" searches for NFTs and receive real-time market data – with easy-to-understand values displayed in US dollars or cryptocurrencies, whichever the user prefers.
Users can easily see an indexed list of top NFTs, marketplaces, and new collections, all by volume within the past 24 hours. They can also use the search bar to find a specific NFT or collection.
"The Mystic team is building an ecosystem of creators and tastemakers to co-create the next cultural phenomenon – before it reaches the mainstream," Clark said. "Together with our community, Mystic will lead the digital renaissance using a blend of user-generated content, competitive leaderboards, rarity rankings, APIs, investor tools, charts, and more."
Since its launch, Mystic.com has been experiencing traction and momentum and already has:
- 20,000,000+ pages of SEO content
- 21,000,000+ assets tracked
- 3,000+ NFT collections
- Four blockchains, with more coming soon
Mystic is a data aggregation and analytics tool spanning the Web3, NFT, and gaming ecosystems. For creators, collectors, and adventurers from all platforms.
To learn more, visit: https://mystic.com
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https://www.mysuncoast.com/prnewswire/2022/08/17/mysticcom-launches-with-goal-demystifying-web3-metaverse/
| 2022-08-17T18:16:22Z
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HONG KONG, Aug. 15, 2022 /PRNewswire/ -- China Literature Limited ("China Literature" or "the Company", stock code: 0772), a leading online literature and intellectual property ("IP") incubation platform in China, today announced the unaudited consolidated results for the six months ended June 30, 2022.
Results Highlights(1)
- Total revenues were RMB4,087.2 million (USD609.0 million), compared with RMB4,342.1 million in the first half of 2021.
- On a non-IFRS(2) basis, which is intended to reflect core earnings by excluding certain one-time and/or non-cash items:
- Operating profit increased 8.2% year-over-year to RMB693.8 million (USD103.4 million). Operating margin increased from 14.8% to 17.0%.
- Profit attributable to equity holders of the Company increased 0.2% year-over-year to RMB666.0 million (USD99.2 million). Its margin increased from 15.3% to 16.3%.
- Basic earnings per share were RMB0.66. Diluted earnings per share were RMB0.65. - On an IFRS basis:
- Operating profit was RMB251.2 million (USD37.4 million), compared with RMB1,284.0 million in the first half of 2021. The year-over-year difference was mainly due to a gain of RMB1,076.8 million related to the sale of our stake in a joint venture in the first half of 2021.
- Profit attributable to equity holders of the Company was RMB228.5 million (USD34.1 million), compared with RMB1,082.7 million in the first half of 2021.
- Basic earnings per share were RMB0.23. Diluted earnings per share were RMB0.22.
Mr. Edward Cheng, Chief Executive Officer of China Literature, commented: "During the first half of 2022, the overall macro environment presented many challenges and put pressure on our industry. The volatility of the market forced us to adopt a more forward-thinking and flexible approach, and to explore a healthier and more sustainable growth trajectory. We took initiatives to optimize costs and improve efficiency, and sharpened our focus on key business and long-term objectives. Our operational efficiency improved significantly as a result. Non-IFRS operating profit increased by 8.2% year-over-year to RMB693.8 million, and non-IFRS operating margin increased from 14.8% a year ago to 17.0% in the first half of 2022.
At the same time, we released compelling visual content including drama series A Lifelong Journey (人世间), Life is A Long Quiet River (心居), The Wind Blows from Longxi (风起陇西) and Master of My Own (请叫我总监), the film Too Cool to Kill (这个杀手不太冷静), as well as a number of exciting animated series. Continuous release of high-quality content, particularly blockbusters, reflected the depth of our resources for transforming literary content into video and other formats, supporting our long-term strategy of IP adaptation to visual modes. In addition, as an important part of improving the content ecosystem, we enhanced our copyright protection and anti-piracy efforts, which were widely recognized by our writers.
We believe that the cultural industry in China has great potential. The short-term challenges have not had a deep impact on the general trend and long-term prospects of the industry. Our long-term strategy remains unchanged. We will continue to focus on the incubation, development and operation of good stories that can live forever."
Financial Review(3)
Revenues were RMB4,087.2 million (USD609.0 million), compared with RMB4,342.1 million in the first half of 2021.
Revenues from online business were RMB2,307.0 million (USD343.7 million), compared with RMB2,540.0 million in the first half of 2021. A further breakdown of this category is as follows: i) online business revenues from the Company's self-owned platform products were RMB1,763.1 million (USD262.7 million), compared with RMB1,880.7 million in the prior corresponding period, mainly as a result of a reduction in spending on marketing for user acquisition for our online business as we took initiatives to optimize costs and improve operational efficiency during the first half of 2022; ii) online business revenues from our self-operated channels on Tencent products broadly stabilized at RMB347.5 million (USD51.8 million), compared with RMB353.5 million in the prior corresponding period; iii) and online business revenues from third-party platforms were RMB196.5 million (USD29.3 million), compared with RMB305.8 million in the prior corresponding period, mainly as we suspended collaboration with certain third-party distribution partners during the first half of 2022.
Revenues from IP operations and others were RMB1,780.2 million (USD265.2 million), compared with RMB1,802.2 million in the prior corresponding period, among which i) revenues from IP operations were broadly stable at RMB1,731.3 million (USD258.0 million), compared with RMB1,740.1 million in the first half of 2021, and ii) revenues from the "others" category, consisting mainly of sales of physical books, decreased 21.2% year-over-year to RMB48.9 million (USD7.3 million) in the first half of 2022.
Cost of revenues decreased 5.5% year-over-year to RMB1,940.9 million (USD289.2 million), as a result of i) a decrease in amortization of intangible assets of content copyrights due to the high base effect in the prior corresponding period, ii) a reduction in platform distribution costs for our online businesses, and iii) lower content costs. The decrease in the cost of revenues was partially offset by an increase in production costs of TV, web and animated series and film along with the increase in revenues.
Gross profit decreased 6.2% year-over-year to RMB2,146.3 million (USD319.8 million). Gross margin was 52.5%, compared with 52.7% in the prior corresponding period.
Interest income increased 13.6% year-over-year to RMB68.9 million (USD10.3 million), reflecting higher interest income from bank deposits.
Other losses, net were RMB235.4 million (USD35.1 million), compared with net other gains of RMB901.1 million in the prior corresponding period. The year-over-year difference was mainly due to a gain of RMB1,076.8 million related to the sale of our equity interest in Lazy Audio during the first half of 2021. The other losses in the first half of 2022 consisted mainly of fair value losses of RMB372.9 million (USD55.6 million) resulting from the decreased valuations of our investee companies, partially offset by a fair value gain of RMB112.2 million (USD16.7 million) due to a change in the fair value of consideration liabilities related to the acquisition of New Classics Media.
Selling and marketing expenses decreased 17.6% year-over-year to RMB1,110.5 million (USD165.5 million), mainly as we reduced promotion and advertising expenses for our online business as a part of cost control and efficiency improvement initiatives during the first half of 2022. The decrease was partially offset by greater marketing expenses to promote our films and drama series. As a percentage of revenues, selling and marketing expenses decreased to 27.2% in the first half of 2022 from 31.0% in the first half of 2021.
General and administrative expenses decreased 12.2% year-over-year to RMB557.5 million (USD83.1 million), primarily due to a decrease in research and development expenses. As a percentage of revenues, general and administrative expenses decreased to 13.6% in the first half of 2022 from 14.6% in the first half of 2021.
Net provision for impairment losses on financial assets reflected a provision for doubtful receivables. In the first half of 2022, the provision for doubtful receivables was RMB60.5 million (USD9.0 million) on a net basis, mainly related to TV series and film projects.
Operating profit was RMB251.2 million (USD37.4 million), compared with RMB1,284.0 million in the prior corresponding period. Non-IFRS operating profit increased 8.2% year-over-year to RMB693.8 million (USD103.4 million), reflecting our successful efforts to control operational costs.
Income tax expense was RMB108.2 million (USD16.1 million), compared with RMB284.4 million for the same period of last year.
Profit attributable to equity holders of the Company was RMB228.5 million (USD34.1 million), compared with RMB1,082.7 million in the prior corresponding period. Non-IFRS profit attributable to equity holders of the Company increased 0.2% year-over-year to RMB666.0 million (USD99.2 million).
Key Operating Information
- Average MAUs on our self-owned platform products and self-operated channels increased 13.8% year-over-year from 232.7 million to 264.7 million in the first half of 2022. A further breakdown of MAUs is as follows: i) MAUs on our self-owned platform products increased 4.5% year-over-year from 114.6 million to 119.8 million, mainly driven by our strengths in high-quality content; and ii) MAUs on our self-operated channels on Tencent products increased 22.7% year-over-year from 118.1 million to 144.9 million, mainly due to growth in users for our free-to-read content.
- Average MPUs on our self-owned platform products and self-operated channels decreased 12.9% year-over-year from 9.3 million to 8.1 million in the first half of 2022, mainly as more casual users were attracted to our free-to-read content in the second half of 2021. Average MPUs remained stable as compared to 8.1 million in the second half of 2021.
- Monthly ARPU for our pay-to-read business increased 6.6% year-over-year from RMB36.4 to RMB38.8 in the first half of 2022, reflecting improvements in content operations, community features, and recommendation efficiency. These drove the demand of paying users for high-quality content during the first half of 2022.
- Average DAUs for our free-to-read business were 14 million in June 2022, compared with 13 million in June 2021.
Other Key Information
- EBITDA decreased 4.2% year-over-year from RMB626.9 million to RMB600.6 million (USD89.5 million) in the first half of 2022. Adjusted EBITDA increased 5.1% year-over-year from RMB708.9 million to RMB745.1 million (USD111.0 million) in the first half of 2022.
- As of June 30, 2022, the Company's net cash position was RMB6,555.7 million (USD976.8 million).
- Free cash flow* was RMB548.7 million (USD81.7 million), compared to RMB278.9 million in the first half of 2021.
- New Classics Media, on a standalone basis, recorded RMB966.7 million (USD144.0 million) in revenues and RMB208.5 million (USD31.1 million) in profit attributable to equity holders of the company in the first half of 2022.
Business Highlights
IP Creation
As we have mentioned before, the online literature business is where our quality IP content begins. We focused on fundamentals of our online business in our core pay-to-read business, and continued to strengthen our online literature IP ecosystem. During the first half of 2022, the number, quality and visibility of IP on our online literature platform continued to increase.
On the supply side, our online literature platform added approximately 300,000 writers and 600,000 novels, with an increase in word count of 16 billion Chinese characters. At the same time, we accelerated the development of high-quality content in specific categories by improving our system for incubation and operations. For example, at the beginning of this year, we identified through internal analysis the rising potential of science fiction themes, leading us to organize two science fiction writing contests and a series of activities, incubating about 20,000 science fiction works. A number of well-known writers in other thematic areas have also started to create science fiction. During the first half, a total of 12 Platinum and Phenomenal Writers on our platform started to produce science fiction novels, making science fiction the fastest growing genre on our platform.
This year marks the 20th anniversary of the founding of Qidian.com under China Literature. We upgraded the brand of Qidian, and launched a new brand proposition of "every good book is a new starting point" and a brand mission of "good books never end" which are consistent with the Company's mission. With quality as the core, we will focus on the incubation of compelling online literature content and encourage content diversification to create a healthy ecosystem for writers.
While improving the quality and quantity of our literary IPs, we also implemented cost control measures, proactively reduced certain sales and marketing expenses, and shifted our focus from prioritizing short-term revenue growth to optimizing operational efficiency and cost structure. As a result, we gave up a portion of revenues during the current period, but we believe these measures will lay a solid foundation for the healthy development of our long-term business.
In order to protect the rights and interests of writers, we enhanced our efforts to combat piracy issues. We deployed artificial intelligence, encrypted watermarks, piracy detection and risk controls and bans to improve our copyright protection and anti-piracy capabilities, and continued to litigate against piracy sites and IP infringement. Our robust efforts to protect copyright and IP have been recognized by writers, helping to win their trust, and is an important part of the ongoing improvement of our content ecosystem.
Visualization of IP
Currently, IP visualization is the focus of our work. In the first half of 2022, we achieved remarkable results. Continuous release of high-quality content, particularly blockbusters, reflected the strong capabilities of China Literature in re-creating literary stories in visual formats, and supports our strategy of IP visualization.
- In the live action TV and film segment, we maintained a top-tier level of productions and launched several compelling new works in the first half of the year, including:
- The drama series, A Lifelong Journey (人世间). Adapted from the Mao Dun Literature Prize-winning novel by contemporary writer Liang Xiaosheng, this blockbuster series set an 8-year record for CCTV-1 prime time drama series ratings, topped all charts across the internet, and achieved results in both reputation and popularity.
- The drama series, Life is A Long Quiet River (心居). The viewership of this family drama series ranked first among local TV prime time drama series ratings nationwide in the first half of this year, and ranked second in the popularity ranking of iQIYI in the first half of this year, right after A Lifelong Journey (人世间).
- The drama series, The Wind Blows from Longxi (风起陇西). Adapted from the novel by Ma Boyong, this drama series was an innovative exploration of the theme of ancient spycraft, with a score of 8.1 on the Douban platform.
- The drama series, Master of My Own (请叫我总监). This romantic drama series ranked first for local TV prime time drama series ratings nationwide and ranked first in the list of hot drama series on Youku during its broadcast period.
- The film, Too Cool To Kill (这个杀手不太冷静). The film achieved a box office of RMB2.6 billion, ranking second in the 2022 Spring Festival box office.
- In the animation segment, we launched new seasons of Stellar Transformations (星辰变) and Martial Universe (武动乾坤). At present, the series Stellar Transformations (星辰变) and Martial Universe (武动乾坤) have had 4 billion and 3 billion video views respectively, and ranked No.1 in terms of the average video views per episode among newly released animations on Tencent Video at the time of their launch period in the first half of the year. According to data from Guduo, among the top 20 most watched domestic animation works released on Tencent Video in the first half of 2022, 11 were adapted from China Literature's IP.
- In the comics segment, we continued to improve production capacity, accelerate the process of IP visualization, and incubate top IP. Our joint project with Tencent Comics to adapt 300 online literary works into comics in three years is progressing well. Right now, over 170 adapted comic works have been launched on the Tencent Comics platform. Some titles have become blockbusters, such as Dafeng Guardian (大奉打更人), The First Sequence (第一序列) and Start with a Mountain (开局一座山).
- In the games segment, we strengthened our partnerships with quality game production studios. In the first half of this year, popular IPs such as Battle Through the Heavens (斗破苍穹) and The Naming of Night (夜的命名术) were licensed to game developers for adaptation. We expect to see the release of these adapted games in the next few years.
Commercialization of IP
In the first half of 2022, we continued to build a foundation for the business, shortening the conversion time from IP to offline products, expanding the number of IP and product types, and achieving breakthroughs in theme, product style and design. We focused on opportunities in consumer goods, fashion toys and offline retail. We achieved initial success by working together with upstream and downstream partners in the industry. For example, we licensed a single edition of toy sculptures of the theme character "Medusa" from Battle Through the Heavens (斗破苍穹), which sold out immediately after the pre-sale launch with a GMV of RMB5 million. In future, we will develop derivatives adapted from more IP content, such as Joy of Life (庆余年), Lord of the Mysteries (诡秘之主), The King's Avatar (全职高手) and Candle in the Tomb (鬼吹灯), and offer joint promotion for the launch of drama series, film, animation, comics, games and other content.
Overseas Business
We continued to promote cultural exchange and expand our international presence. As of June 30, 2022, WebNovel, our foreign language online reading brand, offered approximately 2,600 works translated from Chinese and approximately 420,000 original content works created locally.
Social Responsibility
China Literature takes account of its social responsibilities by promoting the development of good reading habits through social activities and public welfare projects in order to support the national campaign of "reading for all". During the pandemic outbreak this year, we donated several millions of membership cards to users in pandemic-affected areas including Shanghai, Shenzhen and Suzhou, allowing them to read a large number of works for free. On World Book and Copyright Day this year, we collaborated with the National Library of China, Shanghai Library, People's Literature Publishing House, Posts & Telecom Press and hundreds of other publishing units to promote nationwide reading. Our Qidian Reading App launched the "Nationwide Reading Month" campaign with 217 high-quality paid books available for free reading for the first time.
Outlook
Online literature has begun to show value and possibilities that go beyond print. The realization of such value will depend on our efforts. With online literature as the starting point, China Literature has gradually expanded to various media formats including drama series, film, animation, comics, games and offline merchandise. While meeting the diverse literary, entertainment and cultural needs of people, various works adapted from our original IP amplify the bandwidth of the original narrative and form a mutually reinforcing virtuous cycle. China's IP industry is still at an early stage, and will need sustained investment in IP development and creative talent. By strengthening our own IP resources, we hope to link with industry partners to create IP that spans the whole value chain, in the service of good stories that will live forever.
About China Literature Limited
China Literature is dedicated to building a deep and immersive intellectual property ("IP") universe for the Mandarin-speaking world. It incubates original IPs from its online literature platform, which are subsequently adapted on a range of digital entertainment mediums, including comics, animation, film, TV series, web series and games. The virtual world created by these digital offerings become an inseparable part of a user's daily life. China Literature creates and promotes IPs mainly through QQ Reading and Qidian, its leading online literature platforms, as well as New Classics Media, a renowned film and TV drama series production house in China. China Literature collaborates with Tencent, its shareholder and strategic partner, as well as other third-party partners to distribute and develop IP content and to enhance value of its IP. Many of the Company's online literature works have been successfully adapted into animation, TV series, web series, film and games, including Joy of Life, Candle in the Tomb, Soul Land, The King's Avatar and My Heroic Husband. China Literature's rich and extensive content library as well as its unparalleled capability and resources to adapt IP into various entertainment formats is a significant competitive advantage that lies at the core of its business model. For more information, please visit http://ir.yuewen.com/.
Contact
For investors / analysts:
Maggie Zhou
Tel: +8621 6187 0500 ext. 80605
Email: IR@yuewen.com
For media:
Vivian Wang
Tel: +852 2232 3978
Email: vivian.wang@christensencomms.com
Non-IFRS Financial Measures
To supplement the consolidated financial statements of the Company prepared in accordance with IFRS, certain non-IFRS financial measures, namely non-IFRS operating profit, non-IFRS operating margin, non-IFRS profit for the period, non-IFRS net margin, non-IFRS profit attributable to equity holders of the Company, non-IFRS basic EPS and non-IFRS diluted EPS as additional financial measures, have been presented in this press release for the convenience of readers. These unaudited non-IFRS financial measures should be considered in addition to, and not as a substitute for, measures of the Company's financial performance prepared in accordance with IFRS. These non-IFRS financial measures may be defined differently from similar terms used by other companies. In addition, non-IFRS adjustments include relevant non-IFRS adjustments for the Company's material associates based on available published financials of the relevant material associates, or estimates made by the Company's management based on available information, certain expectations, assumptions and premises.
Our management believes that the presentation of these non-IFRS financial measures, when shown in conjunction with the corresponding IFRS measures, provides useful information to investors and management regarding the financial and business trends relating to the Company's financial condition and results of operations. Our management also believes that the non-IFRS financial measures are useful in evaluating the Company's operating performances. From time to time, there may be other items that the Company may include or exclude in reviewing its financial results.
Forward-Looking Statements
This press release contains forward-looking statements relating to the industry and business outlook, forecast business plans and growth strategies of the Company. These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in future. Underlying the forward-looking statements is a large number of risks and uncertainties. Further information regarding these risks and uncertainties is included in our other public disclosure documents on our corporate website.
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https://www.kxii.com/prnewswire/2022/08/15/china-literature-announces-2022-interim-results/
| 2022-08-15T10:39:26Z
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LAKEWOOD, Colo., June 27, 2022 /PRNewswire/ -- In the Spring issue of Entrepreneur's StartUps magazine, Oxi Fresh Carpet Cleaning has been recognized as one of the top franchise investment opportunities for under $50,000. On newsstands now, the issue's Top Low-Cost Franchises for 2022 feature highlights franchise brands that provide entrepreneurs with an accessible path to launching their own businesses.
"Everyone at Oxi Fresh is proud to be a part of a franchise that consistently ranks among the best out there today," said Jonathan Barnett, the carpet cleaning franchise company's founder and CEO. "We have built a flexible, powerful brand that empowers our franchisees to pursue growth without saddling them with massive upfront costs."
The Top Low-Cost Franchises ranking is based on information submitted to Entrepreneur for its annual Franchise 500® ranking. Entrepreneur provided three separate rankings in 2022 for low-cost franchises grouped by $50,000, $100,000, and $150,000 investment levels. This ranking and the many others they release are part of Entrepreneur's continuing effort to best understand and evaluate the ever-changing franchise marketplace.
"This list underscores that the American dream is still alive and well," said Entrepreneur Senior Vice President of Franchising Liane Caruso. "Our 2022 Top Low-Cost Franchises rankings are a great example of how there are several franchises today that make being a business owner and entrepreneur accessible and obtainable."
To view the complete list of top low-cost franchises, visit https://www.entrepreneur.com/franchises. Results can also be seen in Entrepreneur's StartUps issue, available on newsstands now.
About Oxi Fresh Carpet Cleaning®
Through innovative products and modern technology, Oxi Fresh Carpet Cleaning offers green carpet cleanings and exceptional results. The company's powerful combination of knowledgeable people, innovative technology, and strong processes has landed the brand in Entrepreneur magazine's Franchise 500, ranked in Inc. magazine's Inc. 500|5000, and saw them named as one of "America's Best Franchises to Buy," by Forbes magazine. Oxi Fresh has over 460 locations throughout the United States and Canada, with more locations currently in development. For more information, visit oxifresh.com.
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SOURCE Oxi Fresh Carpet Cleaning
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https://www.mysuncoast.com/prnewswire/2022/06/27/oxi-fresh-carpet-cleaning-named-one-2022s-top-low-cost-franchises-by-entrepreneur/
| 2022-06-27T19:10:32Z
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BOSTON, April 26, 2022 /PRNewswire/ -- BitSight, the Standard in Security Ratings, announced today that it has appointed Julie M.B. Bradley to its Board of Directors. As part of the appointment, Bradley will also chair the Board's Audit Committee. Throughout her career, Bradley has served on the board of directors for Blue Apron, Constant Contact, Exact Target, First Watch, GoodRx, Wayfair and Wish.
"Julie is an accomplished executive who has served as a trusted advisor and board member to some of the world's most prestigious brands," said Steve Harvey, CEO, BitSight. "She will be an invaluable asset to BitSight as we strengthen our internal processes and controls during this exciting phase of accelerated growth."
Bradley served as Chief Financial Officer, Chief Accounting Officer, Senior Vice President and Treasurer during her tenure at TripAdvisor. Previously, she was Chief Financial Officer of Art Technology Group during its acquisition by Oracle, where she led all financial activities, investor relations and global IT. She also served as Vice President of Finance at Akamai Technologies, where she was responsible for directing the majority of financial activities, including its achievement of profitability.
"BitSight is a game changing company and I am thrilled to join the Board," said Bradley. "As a former public company CFO, I have a deep appreciation for the necessity and challenge of measuring, managing and communicating cyber risk to various stakeholders. BitSight has already established its Security Ratings as the standard measurement for cybersecurity performance in the market, and the future is even brighter. I believe the company's investments in cyber risk quantification will fill a critical gap for executives and board members seeking greater assurance that their cybersecurity investments are effectively reducing risk."
To learn how BitSight helps organizations make better, faster decisions about cyber risk, please visit: www.bitsight.com.
About BitSight
BitSight transforms how organizations manage cyber risk. The BitSight Security Ratings Platform applies sophisticated algorithms, producing daily security ratings that range from 250 to 900, to help organizations manage their own security performance; mitigate third party risk; underwrite cyber insurance policies; conduct financial diligence; and assess aggregate risk. With the largest ecosystem of users and information, BitSight is the Standard in Security Ratings. For more information, please visit www.bitsight.com, read our blog or follow @BitSight on Twitter.
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SOURCE BitSight
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https://www.kxii.com/prnewswire/2022/04/26/bitsight-appoints-julie-mb-bradley-board-directors/
| 2022-04-26T11:05:01Z
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WASHINGTON, Aug. 10, 2022 /PRNewswire/ -- The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a third quarter dividend of $0.95 per share for each of Farmer Mac's three classes of common stock – Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE: AGM). The quarterly dividend will be payable on September 30, 2022 to holders of record of common stock as of September 15, 2022.
Farmer Mac's board of directors has also declared a dividend on each of Farmer Mac's five classes of preferred stock. The quarterly dividend of $0.375 per share of 6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C (NYSE: AGM.PR.C), $0.35625 per share of 5.700% Non-Cumulative Preferred Stock, Series D (NYSE: AGM.PR.D), $0.359375 per share of 5.750% Non-Cumulative Preferred Stock, Series E (NYSE: AGM.PR.E), $0.328125 per share of 5.250% Non-Cumulative Preferred Stock, Series F (NYSE: AGM.PR.F), and $0.3046875 per share of 4.875% Non-Cumulative Preferred Stock, Series G (AGM.PR.G), is for the period from but not including July 17, 2022 to and including October 17, 2022. These preferred stock dividends will be payable on October 17, 2022 to holders of record of those classes of preferred stock as of October 3, 2022.
About Farmer Mac
Farmer Mac is a vital part of the agricultural credit markets and was created to increase access to and reduce the cost of capital for the benefit of American agricultural and rural communities. As the nation's secondary market for agricultural credit, we provide financial solutions to a broad spectrum of the agricultural community, including agricultural lenders, agribusinesses, and other institutions that can benefit from access to flexible, low-cost financing and risk management tools. Farmer Mac's customers benefit from its low cost of funds, low overhead costs, and high operational efficiency. Additional information about Farmer Mac is available on Farmer Mac's website at www.farmermac.com.
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SOURCE Farmer Mac
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https://www.wibw.com/prnewswire/2022/08/10/farmer-mac-declares-quarterly-dividends-common-preferred-stock/
| 2022-08-10T20:53:45Z
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TAMPA BAY, Fla., July 26, 2022 /PRNewswire/ -- TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions, today announced a new strategic partnership with Siemens Digital Industries Software to bring the power of TeamViewer's enterprise AR platform Frontline to Siemens' Teamcenter® software, a leading Product Lifecycle Management (PLM) solution from the Siemens Xcelerator portfolio. This collaboration allows Siemens' global customers to improve their product development process based on immersive experiences with interactive, 3D content connected to the digital twin of a product. The 3D models of products can be easily modified, enabling more teams across the product lifecycle to collaborate and thus driving more informed product decisions and innovation.
"We are very excited to collaborate with Siemens in the PLM space and to help their customers to increase their productivity, efficiency, and process quality. This strategic partnership underlines once more our leading position in cutting-edge technologies such as AR and MR and our relevance in the global tech ecosystem, which is a major driver for our growing enterprise business," said Oliver Steil, CEO of TeamViewer.
"Providing our customers with rich, immersive experiences is key to broadening the adoption of the executable digital twin. Our collaboration with TeamViewer brings another way for our community of designers, engineers and managers to engage with their product data using the latest interactive Mixed Reality technology," said Tony Hemmelgarn, CEO and President, Siemens Digital Industries Software.
The Spatial module within TeamViewer's enterprise AR platform Frontline enables employees wearing Mixed Reality smart glasses such as the Microsoft HoloLens to execute tasks in a more intuitive, interactive way by providing them with digital information, three-dimensional elements and multimedia content in an Augmented or Mixed Reality environment. Virtual information or holograms are placed on top of objects in the real world to enrich each employee's reality for visual process guidance. Thanks to the built-in no code editor, process owners can easily manage and update the underlying workflows without including their IT department, for example create digital twins from CAD model data.
With the added TeamViewer Frontline Spatial module in Siemens' Teamcenter®, organizations can leverage their existing investment in CAD and PLM for increased productivity, efficiency, and process quality throughout the product development process and in aftermarket service and maintenance. It enables AR content creation based on PLM information without programming knowledge. The solution is expected to be available later this year.
About TeamViewer
TeamViewer is a leading global technology company that provides a connectivity platform to remotely access, control, manage, monitor, and repair devices of any kind – from laptops and mobile phones to industrial machines and robots. Although TeamViewer is free of charge for private use, it has more than 620,000 subscribers and enables companies of all sizes and from all industries to digitize their business-critical processes through seamless connectivity. Against the backdrop of global megatrends like device proliferation, automation and new work, TeamViewer proactively shapes digital transformation and continuously innovates in the fields of Augmented Reality, Internet of Things and Artificial Intelligence. Since the company's foundation in 2005, TeamViewer's software has been installed on more than 2.5 billion devices around the world. The company is headquartered in Goppingen, Germany, and employs around 1,400 people globally. In 2021, TeamViewer achieved billings of EUR 548 million. TeamViewer AG (TMV) is listed at Frankfurt Stock Exchange and belongs to the MDAX. Further information can be found at www.teamviewer.com.
Press Contact
Patrick Pickhan
Phone: +49 (0)7161 97200 10
E-mail: press@teamviewer.com
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SOURCE TeamViewer
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https://www.wibw.com/prnewswire/2022/07/26/teamviewer-siemens-innovate-product-lifecycle-management-space-with-augmented-mixed-reality-solutions/
| 2022-07-26T15:11:35Z
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(NEXSTAR) – McDonald’s founder Ray Kroc didn’t exactly have high hopes for the Filet-O-Fish sandwich.
In fact, he was betting against it.
In the early 1960s, McDonald’s only offered a handful of items, including hamburgers, cheeseburgers, fries, milkshakes, soft drinks, coffee and milk. This presented a problem for McDonald’s franchisee Lou Groen, whose clientele in Cincinnati largely abstained from eating meat on Fridays.
“That area was 87% Catholic,” Groen once explained to the Cincinnati Enquirer. “On Fridays we only took in about $75 a day.”
Inspired by the sales of a competitor’s fish sandwich, Groen decided to develop his own, made with fried halibut and tartar sauce. But first, he had to get it OK’ed by the suits at McDonald’s, many of whom had reservations because of its “more complicated cooking process,” according to the chain.
Ray Kroc was among the skeptics. Plus, he already had plans for his own meat-free “Hula Burger,” consisting of a slice of grilled pineapple and cheese. (He also believed that McDonald’s restaurants would be “stunk up with the smell of fish” as a result of Groen’s idea, Groen once told the Cincinnati Business Courier.)
Lucky for Groen, Kroc was willing to try both ideas and let the sales speak for themselves.
“Ray said to me, ‘Well, Lou, I’m going to put your fish sandwich on (the menu) for a Friday. But I’m going to put my special sandwich on, too. Whichever sells the most, that’s the one we’ll go with,’” Goren told the Cincinnati Enquirer.
Kroc also made a “side bet” with Fred Turner, another McDonald’s executive, that the Hula Burger would sell better than the Filet-O-Fish — the stakes being a brand-new suit.
On the day of the test, Groen’s restaurant sold 350 fish sandwiches and only six Hula Burgers. So not only was Kroc wrong about the Filet-O-Fish, but he now owed his colleague a new suit.
Kroc wasn’t too bummed, of course, because “McDonald’s got the Filet-O-Fish,” according to McDonald’s historian Mike Bullington.
After a little bit of tweaking (e.g., halibut was swapped for Atlantic cod, a slice of cheese was added), the new McDonald’s fish sandwich began to be embraced by franchisees across the country. In 1965, it was added to the restaurant’s permanent nationwide offerings, becoming the first new addition to the original McDonald’s menu.
Groen, meanwhile, enjoyed continued success as a McDonald’s franchisee into the 1980s, operating dozens of restaurants in Ohio and Kentucky. He passed in 2011, but remained a fan of the Filet-O-Fish throughout his final years — but he still preferred his original version to the sandwich that ended up on the nationwide menu.
“My halibut sandwich far outshines that one,” he remarked to the Cincinnati Enquirer in 2007.
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https://cw33.com/news/before-the-filet-o-fish-mcdonalds-had-a-wildly-different-idea-in-mind/
| 2022-04-01T18:16:54Z
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Team of experienced lawyers led by Yuet Ming Tham brings years of international compliance and investigations experience as the Firm spearheads its offering in Asia
SINGAPORE, April 21, 2022 /PRNewswire/ -- International law firm McDermott Will & Emery announced today the appointment of a market-leading team in its office in Singapore. The team is led by prominent White Collar and Life Sciences partner Yuet Ming Tham who joins the Firm as Head of Asia Pacific, Singapore Office Managing Partner, and Global Co-Chair of the Government Investigations and Compliance Group. Yuet is joined by partner Shu Min Ho and counsel Sam Johnson and Margaret Huang.
The team joins from Sidley Austin LLP where Yuet was the global co-leader of the White Collar: Government Litigation & Investigations group and the leader of its Asia Pacific Compliance and Investigations practice. She also chaired that Firm's Asia Pacific Diversity & Inclusion Committee.
Michael S. Poulos, Partner in Charge of McDermott's Strategy said, "The arrival of Yuet and her team is a tremendous boost to our expansion in Singapore, and Asia-Pacific more widely, enabling us to comprehensively address our clients' global regulatory needs. Yuet and the team bring with them a unique combination of deep expertise at the intersection of life sciences and investigations in the context of the Asian market. Clients facing government enforcement risks in Asia will be able to tap into their significant experience in international compliance and investigations, including their particular prowess in the life sciences sector, and their wealth of knowledge of trends across the region. Yuet's practice is a great fit with our existing services in both White Collar and Healthcare, but with a particular focus on companies operating in Asia and Europe. We're excited to offer our clients an added value of her years of experience in the most high-profile and complex matters across the region."
Yuet has counselled major corporations on the FCPA and anti-bribery compliance, money-laundering regulations and sanctions, data-privacy and employment. Her multi-jurisdictional practice has included compliance projects and investigations across all of Asia Pacific, Europe and the Middle East. She has represented clients on matters involving the SEC, the US. Department of Justice, FINRA, as well as enforcement agencies across Asia. Most recently, Yuet led investigations in Turkey, Hungary, Romania, Israel, South Africa, Saudi Arabia, Egypt, India, China, Malaysia, Australia, Japan and Vietnam. Yuet has represented close to 35 different pharmaceutical, medical device and nutritional companies, many of whom are listed on major stock exchanges in the US. and Europe or are headquartered there.
Yuet speaks fluent English, Mandarin, Cantonese and Malay and is admitted in New York, England & Wales, Hong Kong and Singapore.
"I am thrilled about the opportunity to lead McDermott's Singapore office and to play a strategic role in the next stage of the Firm's dynamic development in Asia," said Yuet. "The Firm's global mindset, its belief in prioritizing clients and its strength in the White Collar and Healthcare space provide a solid platform for supporting my clients. I am looking forward to strengthening the Firm's offering in the Asia-Pacific region over the next few years."
Yuet was most recently named by Global Investigations Review 2021 as one of its "Top 100 Women in Investigations" globally. She was also named one of the "Top 100 Women in Law" in the Asia Pacific region in 2020 and "Dispute Resolution Star - White-collar" in 2019 by Benchmark Litigation Asia-Pacific and recognized in Who's Who Legal: Thought Leaders – Global Investigations Review 2019-2020 and Who's Who Legal: Thought Leaders – Hong Kong 2020. Yuet has also been awarded the Emerging Markets "Compliance & Investigations Lawyer of the Year" by The Asian Lawyer, with the team also recognized as the "Compliance and Investigations Firm of the Year". Finally, she is highly-ranked in the 2021 (and prior) editions of Chambers Global and Chambers Asia-Pacific for Corporate Investigations/Anti-Corruption: International as well as for Life Sciences: International category.
Shu Min Ho has significant experience leading complex cross-border investigations, with a focus on bribery, corruption, fraud, embezzlement and other corporate crime. She has particularly deep expertise in the pharmaceutical and medical device sectors, and has recently led investigations in the UAE, Egypt, Turkey, Hungary, Romania, the UK, Japan, South Korea, China, India, Malaysia and Singapore. Shu Min's practice is complemented by a wide-ranging advisory portfolio, covering anti-trust, cybersecurity, data privacy, employment and other regulatory and compliance matters.
"I'm excited to join McDermott and to take my practice to the next level within its international network", said Shu Min. "The Firm's commitment to growth, coupled with its impressive global footprint, including not just Asia-Pacific but also Europe and the MENA region, will provide a fantastic foundation for serving my clients."
These appointments follow another high-profile hire into the Firm's Singapore office. Last month, Clarinda Tija-Dharmadi joined McDermott as Asia Chair of its Transactions Practice to lead the Pan-Asian build out of its energy and infrastructure practice.
ABOUT MCDERMOTT
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices, industries and more than 20 locations to deliver highly effective solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
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https://www.wibw.com/prnewswire/2022/04/21/mcdermott-supercharges-asia-pacific-offering-with-highly-recognized-white-collar-team/
| 2022-04-21T14:25:51Z
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Former chief deputy returning to assist with cold cases, backlog
Published: May. 9, 2022 at 3:24 PM CDT|Updated: 1 hour ago
TOPEKA, Kan. (WIBW) - The Shawnee Co. District Attorney’s Office is bringing back a familiar face for assistance tackling cold cases and other backlogged cases.
Commissioners voted Monday to approve appointing Dan Dunbar as special counsel to the DA’s office.
DA Mike Kagay says the move allows Dunbar to work part-time for the office, as needed. Kagay says Dunbar initially, will focus solely on cold cases, but could also assist with the backlog of cases created by the COVID pandemic.
Dunbar retired last fall from his post as Chief Deputy DA. He has nearly 30 years experience as a prosecutor, spending time in Shawnee and Douglas counties.
Copyright 2022 WIBW. All rights reserved.
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https://www.wibw.com/2022/05/09/former-chief-deputy-returning-assist-with-cold-cases-backlog/
| 2022-05-09T21:48:03Z
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Attorneys recognized for excellence in real estate law
HOUSTON, Aug. 18, 2022 /PRNewswire/ -- Five Moody Law Group attorneys have been named to the 2023 list of Best Lawyers in America, one of the oldest and most respected legal listings in the country. Recognized for excellence in real estate law, honorees include firm founder John S. Moody, Jr. and veteran lawyers Julie Barry, Kelly Beaudry, Tania Hovel, and Robert C. Walker.
With more than two decades of experience in real estate law, Mr. Moody is a proven leader in real estate matters involving development, sales, leasing, acquisitions, financing, and construction. He is Board Certified in Commercial Real Estate by the Texas Board of Legal Specialization and was named the 2022 Houston real estate "Lawyer of the Year" by Best Lawyers.
In her inaugural year on the Best Lawyers list, Ms. Barry focuses her practice on transactions, primarily on the representation of small- and mid-sized enterprises. Board Certified in Commercial Real Estate, her work also includes the acquisition and disposition of businesses and real estate, commercial real estate loans, and leasing matters.
Ms. Beaudry has more than a decade of experience and is Board Certified in Commercial Real Estate. Her practice includes real estate transactional work, including purchase and sale transactions, land development, leasing, and loans. This is Ms. Beaudry's first year to be recognized by Best Lawyers.
Ms. Hovel represents clients in all stages of commercial real estate. Her expertise lies in commercial transactions, including retail, office and industrial leasing, acquisitions, sales and development, finance, and general corporate matters. This is Ms. Hovel's second year to be honored by Best Lawyers.
Robert C. Walker is a seasoned commercial real estate attorney with decades of experience. His practice includes representation of banks and lenders in various aspects of commercial lending, including construction and mini-perm loans for real estate projects such as apartments, condominiums, and retail shopping centers.
The Best Lawyers in America honorees are selected based on confidential client and peer evaluations, as well as extensive editorial research.
"To have five Moody Law attorneys recognized this year is truly an honor," said Mr. Moody. "It's one thing to be recognized for our work, but it's really something special knowing these honors come from our peers. It doesn't get any better than that."
To read more about Moody Law Group's Best Lawyers visit: https://www.bestlawyers.com/firms/moody-law-group-pllc/57274/US
About Moody Law Group, PLLC:
Moody Law Group is a Houston-based law firm that focuses exclusively on complex commercial real estate matters. With a team composed of seasoned and board-certified real estate attorneys, the firm remains one of the most experienced and uniquely equipped teams to guide developers, property owners, financial institutions, investors, retailers, and private equity funds through their legal and real estate challenges. To learn more about Moody Law Group's commercial real estate expertise, visit www.moodylawgroup.com.
Media Contact:
April Arias
800-559-4534
april@androvett.com
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SOURCE Moody Law Group PLLC
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https://www.kxii.com/prnewswire/2022/08/18/five-moody-law-group-attorneys-named-among-best-lawyers-america/
| 2022-08-18T13:22:27Z
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AUSTIN, Texas, June 22, 2022 /PRNewswire/ -- What do you get when you combine two old friends and a younger brother? It may sound like the start to a bad joke, but these real estate powerhouses are not playing. Ari Rastegar, founder and CEO, Rastegar Property Company; Dustin Mehaffey and Major Miller of American Realty Consultants; and Nic Costello, real estate broker, and Rastegar's younger brother, have joined forces to make real estate deals that are turning heads. Rastegar's recent sale of Lamar Oaks, a vintage apartment community in northeast Austin, is just one example of a deal sold off-market by American Realty Consultants.
"Working with your childhood friends and family at the highest level of productivity is a rare blessing. Of course, they all know me and the Rastegar Way," Rastegar says.
Miller and Rastegar met in seventh grade and used to sell baseball cards. Years later, Rastegar met Mehaffey while studying abroad in Mexico. Little did they know these friendships would develop into a profitable, business career.
"Ari is not only one of my best friends, but has more integrity and care for his clients and colleagues than anyone I've met; he's always been that way. In my opinion, he's the best real estate investor in the country. Craig Irvin, our internal multifamily expert, led the charge on finding the buyer and together we closed the sale," Mehaffey says.
On May 24, 2022, Rastegar completed the sale of 8071 North Lamar Boulevard in the rapidly growing Austin corridor, Georgian Acres. The property was initially purchased in November 2020 and just sold at a profit on behalf of their JV partner, a large Texas-based insurance company.
Rastegar takes a distinctive approach to real estate targeting recession-resilient opportunities. This strategy helps to manage downside risk, by focusing on capital preservation and passive income as well as growth. He's successfully invested in more than 38 cities, 12 states and seven different asset classes. Their current area of focus is on the growing sunbelt region.
MORE INFORMATION:
Rastegar Property Company: https://rastegarproperty.com/
SOCIAL MEDIA:
Instagram: https://www.instagram.com/rastegar
Twitter: https://twitter.com/arirastegar
Facebook: https://www.facebook.com/rastegarproperty
LinkedIn: https://www.linkedin.com/company/rastegarproperty/
MULTIMEDIA:
PHOTO link: https://www.Send2Press.com/300dpi/22-0622-s2p-rastegar-300dpi.jpg
Photo caption: Left to right: Dustin, Ari, Nic and Major. Photo credit: April Rankin
This release was issued through Send2Press®, a unit of Neotrope®. For more information, visit Send2Press Newswire at https://www.Send2Press.com
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SOURCE Rastegar Property Company
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https://www.kxii.com/prnewswire/2022/06/22/rastegar-his-childhood-friends-go-selling-baseball-cards-cutting-multi-million-dollar-deals/
| 2022-06-22T12:50:05Z
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Which electric tiller is best?
Tilling the soil of your new garden doesn’t have to be as labor-intensive as it used to be, nor does it take an emissions-spewing, gas-powered tiller to get the job done. Electric tillers are just as capable and quieter to boot. Some are even cordless so you can till a garden anywhere you’d like.
The best electric tiller is the Greenworks Cordless Tiller. The lithium-ion battery operates at full power even when nearly empty, and it can till widths of up to 10 inches.
What to know before you buy an electric tiller
Pros and cons of an electric tiller
Electric tillers have a set of pros and cons compared to their gas-powered counterparts.
Pros: Electric tillers are easier to use and much more cost-effective than gas-powered models. They also require less maintenance and operate with less noise.
Cons: The most powerful electric tiller is still outclassed by an above-average gas-powered tiller. Large and tough grounds are possible to till with an electric model but are handled easier and faster by a gas-powered model.
Corded vs. cordless
Some electric tillers run on a battery, while others need to be plugged in.
- Battery-powered models can be used anywhere and you don’t have to worry about cords. However, their batteries only provide enough power to equal an above-average corded model. They’re also more expensive.
- Corded models need access to a power source, and you need to make sure your cord is kept out of the tiller’s way. Any extension cord you use should be thick enough not to melt or restrict power to your tiller. Using extra-long extension cords or chaining cords together is dangerous and power-restricting, so you should consider a battery- or gas-powered model instead if you find yourself far from your power source.
What to look for in a quality electric tiller
Power
Electric tiller manufacturers relate power using one or a combination of methods, all of which have their own ranges.
- Amps: Look for anything 6 amps and above minimum but preferably 10 and above.
- Watts: Look for anything with at least 500 amps.
- Volts: 20 volts is enough for a budget tiller, but anything 36 volts and above is better. If they give amp hours, look for anything with 4 Ah and above.
- Horsepower: Look for anything with at least half a horsepower.
Tines
Tines have shape, number and speed to consider.
- Shape: Most manufacturers use either an L-shaped tine or tines with a slight variation.
- Number: Electric tillers have two to six tines, with more being better.
Speed
Most electric tillers have only one speed, but others have variable speeds to better handle specific soils.
How much you can expect to spend on an electric tiller
Electric tillers typically cost $100-$300, with most costing no more than $200. For anything over $200, you’ll get more power and likely won’t have to deal with a cord.
Electric tiller FAQ
What’s the difference between an electric tiller and an electric cultivator?
A. They’re similar enough that many manufacturers use the terms interchangeably or claim that one tool can do both jobs. In reality, an electric tiller is more powerful than an electric cultivator. Both can chew up and maintain most ground types and hardnesses, but an electric tiller can have enough power to process new ground, which is usually too hard for a cultivator to process.
Are electric tillers powerful enough to till new, hard sod?
A. Depending on the model, yes. Many electric tillers struggle to till new, hard soil, but the best and strongest should be able to manage it, albeit slowly. Comparatively, gas-powered models are more powerful across the board and you rarely need to worry about if they can handle new ground — they’re able to till new ground faster than even the strongest electric tiller.
What’s the difference between front- and rear-line tillers?
A. All electric tillers use front-line tillers, meaning the tines are placed in front of the wheels and pull the tiller forward. Some gas-powered tillers use rear-line tillers, which are placed behind the motor and dragged forward by its power.
What’s the best electric tiller to buy?
Top electric tiller
Greenworks 40-Volt Cordless Tiller
What you need to know: With a tilling depth of up to 5 inches, this powerful model can till almost anything.
What you’ll love: The 40-volt lithium-ion battery provides enough power (and doesn’t wane as it empties) to till anything except the hardest ground. It features a width of 8.25-10 inches with up to 2,000 strikes per minute.
What you should consider: It’s on the pricey side. The battery only lasts for roughly 40 minutes, and a few consumers had issues with the battery not charging as it ages.
Where to buy: Sold by Amazon
Top electric tiller for the money
Black and Decker 20-Volt MAX Cordless Tiller
What you need to know: This quality model from a trusted brand is perfect for small jobs.
What you’ll love: It runs on a MAX lithium-ion battery that can till up to 325 square feet of ground on a full charge, and its counter-oscillating tines prevent roots from tangling in the head. It’s Energy Star-certified and has a two-year limited warranty.
What you should consider: The small head is not efficient for anything larger than a small flowerbed or garden. The batteries can take up to eight hours to charge.
Where to buy: Sold by Amazon and Home Depot
Worth checking out
Sun Joe Electric 13.5-Amp Garden Tiller
What you need to know: This corded model is powerful with an extra-wide head.
What you’ll love: It has a tilling depth of up to 8 inches and a tilling width of up to 16 inches with six durable steel angled tines for chewing through almost anything. The handles fold up for space-saving storage and the wheels can be adjusted into three positions.
What you should consider: A few users felt the handles were uncomfortable to use for long periods, and a handful received tillers with missing parts.
Where to buy: Sold by Amazon
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Jordan C. Woika writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved.
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https://cw33.com/reviews/best-electric-tiller/
| 2022-04-13T19:54:27Z
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Perpetua Resources receives Clean Air Act Permit to Construct, a significant project milestone.
The Clean Air Act Permit is one of many permits the Company is seeking in parallel with the NEPA process.
BOISE, Idaho, June 22, 2022 /PRNewswire/ - Perpetua Resources Corp. (Nasdaq: PPTA ) (TSX: PPTA) ("Perpetua Resources" or "Perpetua" or the "Company") received the Clean Air Act Permit to Construct ("Air Permit") for the Stibnite Gold Project ("Project") from the Idaho Department of Environmental Quality ("IDEQ") on June 17, 2022. The Air Permit mandates compliance with state and federal air standards and regulates emissions from construction and operation of the Project.
"Receipt of our first permit marks a significant milestone for the Stibnite Gold Project," said Laurel Sayer, President, and CEO of Perpetua Resources. "The approval demonstrates our commitment to comply with state and federal standards and the dedication of our team to fulfill the requirements of the permitting process."
During the Air Permit review process, IDEQ assessed the proposed air emissions and prescribed enforceable requirements to reduce air quality impacts from the Project. The final Air Permit is designed to ensure protection of public health and the environment. The emissions allowed by the Air Permit are consistent with the mine plan currently under review in the federal permitting process. The Air Permit is one of many permits Perpetua is seeking in parallel with the National Environmental Policy Act ("NEPA") process, and the Company continues to anticipate the release of a Supplemental Draft Environmental Impact Statement ("SDEIS") in the third quarter of 2022.
Perpetua submitted the Air Permit application to IDEQ in 2019. During the review process, IDEQ invited the public to comment on drafts of the Air Permit in September 2020, February 2021, and January 2022. Perpetua engaged experts in mining emissions and air quality to support the rigorous additional evaluations undertaken by IDEQ in response to public comments. The final Air Permit was published on June 21, 2022.
Website: www.perpetuaresources.com
Perpetua Resources Corp., through its wholly owned subsidiaries, is focused on the exploration, site restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Further advancing Perpetua Resources' ESG and sustainable mining goals, the Project will be powered by the lowest carbon emissions grid in the nation and a portion of the antimony produced from the Project will be supplied to Ambri, a US-based company commercializing a low-cost liquid metal battery essential for the low-carbon energy transition. In addition to the company's commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.
Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, next steps and courses of action including, our ability to comply with the Air Permit and obtain other permits related to the Stibnite Gold Project; our and Ambri, Inc.'s ability to perform under the supply agreement, which agreement is subject to certain conditions, including identification of one or more refiners to transform our antimony concentrate into antimony metal, and mutual agreement on certain material terms, including volume and pricing; the public review process and SDEIS will proceed in a timely manner and as expected and that all requisite information will be available in a timely manner; and the Stibnite Gold Project and the success of such project. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipate", "expect" "plan", "likely", "believe", "intend", "forecast", "project", "estimate", "potential", "could", "may", "will", "would" or "should". Forward-Looking Information in this news release, including assumptions that the current development, environmental and other objectives concerning the Stibnite Gold Project can be achieved and that its activities will proceed as expected, are based on certain material assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Perpetua Resources to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include those factors discussed in Perpetua Resources' public filings with the U.S. Securities and Exchange Commission (the "SEC") and its Canadian disclosure record. Although Perpetua Resources has attempted to identify important factors that could affect Perpetua Resources and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information 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 Information. For further information on these and other risks and uncertainties that may affect the Company's business, see the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's filings with the SEC, which are available at www.sec.gov and with the Canadian securities regulators, which are available at www.sedar.com. Except as required by law, Perpetua Resources does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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SOURCE Perpetua Resources Corp.
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https://www.kxii.com/prnewswire/2022/06/22/perpetua-resources-receives-first-permit-stibnite-gold-project/
| 2022-06-22T12:49:20Z
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CINCINNATI, July 14, 2022 /PRNewswire/ -- The Kroger Co. (NYSE: KR), America's largest grocery retailer, today announced its participation in the National Convening to Inform the White House Conference on Hunger, Nutrition and Health at the Bipartisan Policy Center in Washington, D.C. This one-day event serves to bring together critical viewpoints to identify and discuss solutions for the crises the nation faces around hunger, nutrition and diet-related chronic disease.
"Kroger's position at the nexus of fresh food and healthcare gives us a unique perspective on the role nutrition plays in prevention and mitigation of chronic illness," said Rodney McMullen, Kroger's chairman and CEO. "We are proud to share what we have learned through our Zero Hunger | Zero Waste commitment to help create communities free of hunger and waste as well as our Food As Medicine platform that helps people lives healthier lives. We thank the Bipartisan Policy Center and the Task Force on Hunger, Nutrition and Health for inviting us to participate in this important conversation."
"The centerpiece of Kroger's comprehensive ESG strategy is our Zero Hunger | Zero Waste social and environmental impact plan," said Keith Dailey, Kroger's group vice president of Corporate Affairs and chief sustainability officer. "We are making strong progress against our ambitious goals to direct more than three billion meals by 2025 to feed hungry families in America and to provide not just more food, but more fresh and nutritious food through associates who are rescuing and donating surplus fresh produce every day across our family of stores."
Alongside its Zero Hunger | Zero Waste platform, Kroger has long empowered its customers to explore the ways nutrition positively impacts health outcomes through its Food as Medicine platform and through its network of pharmacies and health clinics, which make health care more accessible and affordable for more Americans.
"Today, more Americans are sick than are healthy," said Colleen Lindholz, president of Kroger Health. "Simply put, this is unacceptable, and we thank the Task Force for taking action. At Kroger, we aspire to make a real difference in the lives of our customers and associates by making it easier to access, choose and enjoy healthy foods, while connecting them to expert and trusted health care providers."
The one-day national convening event on July 14 brought together scientists, nonprofits, community organizations, industry representatives and Congressional leaders to move the nation closer to the goals of ending hunger, improving nutrition and reducing diet-related chronic disease in the United States by 2030. The outcomes of the convening will be delivered to the Biden-Harris Administration to inform the White House Conference on Hunger, Nutrition and Health taking place in September.
This event was not organized or endorsed by the White House, but represents an independent effort to convene voices from across the nation to help solve the issues at the heart of the Conference's focus.
About Kroger
At The Kroger Co. (NYSE: KR), we are dedicated to our Purpose: to Feed the Human Spirit™. We are, across our family of companies, nearly half a million associates who serve over nine million customers daily through a seamless digital shopping experience and 2,800 retail food stores under a variety of banner names, serving America through food inspiration and uplift, and creating #ZeroHungerZeroWaste communities by 2025. To learn more about us, visit our newsroom and investor relations site.
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https://www.wibw.com/prnewswire/2022/07/14/kroger-announces-participation-national-convening-inform-white-house-conference-hunger-nutrition-health/
| 2022-07-14T14:36:04Z
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Days-long roadblocks, missiles and ‘lots of blood.’ Civilians recall terrifying attempts to escape Ukraine’s cities as Russian forces tighten grip
By Tim Lister and Sanyo Fylyppov, CNN
As thousands of Ukrainians continue to flee Russian-occupied parts of southern Ukraine, they run a gauntlet of harassment by Russian troops, sometimes coming under fire.
More than a dozen people have spoken to CNN at length about their harrowing journeys out of the Kherson region, which has been under Russian control since the beginning of the invasion in late February. They also tell of the unexplained disappearances at night, the climate of fear and the acute shortages that led them to flee.
Ukrainian officials said Friday that the Russians have now blocked exits from Kherson to areas controlled by the Ukrainian government and are trying to send everyone who wants to leave to Crimea.
They say the Russians have intensified patrols and increased the number of checkpoints.
Several people have been killed and many more injured when their convoys became stranded in what’s known as the “gray zone” between Russian and Ukrainian lines.
At least two convoys were marooned for days around Davydiv Brid, a village set in rolling farmland where the regions of Kherson and Zaporizhzhia meet.
One column was fired on a week ago: A man was killed and several people injured. This week, at least three people were killed and many more injured in the village when a convoy of about 100 civilian vehicles was fired on, according to witnesses.
The prosecutors’ office in nearby Kryvyi Rih told CNN that gathering evidence was difficult because the area was regularly under fire.
The convoy hit this week was actually trying to enter Kherson when it was fired on. People in the convoy told CNN that many were returning to deliver medicines; others to look after family members. Some could not afford higher rents in Ukrainian-controlled areas and had decided to go home.
Petro was one of those trying to get into Kherson. He told CNN how people had cowered by a river as “shells flew first in one direction, then in the other direction above us.”
CNN is using only the first names of witnesses, to protect them and their families from possible retribution.
The next afternoon — on May 17 — Petro said the column itself came under fire. “I heard a whistling sound in the sky. We ran to the nearest barn, fell to the ground and started praying.
“When I came out of the barn, I saw that the explosions had hit a place next to our column.”
There was worse to come. Another burst of shells landed even more closely. “Glass from the buses rained down on me, the buses themselves were slashed,” Petro said.
When he emerged, Petro found dozens of vehicles damaged, and several bodies. “There was a Volkswagen Polo, the car was torn apart. I don’t know where the people from that car went. I saw two male corpses.
“Lots of blood, lots of injured people, they were screaming.”
Petro fled to a Ukrainian checkpoint, where, he said, “there were ambulances, a lot of bloodied and bandaged people.”
Anatoliy was also in the convoy. “During the first salvo, there were 20 to 30 people at the epicenter of the shelling. Of this number of people, only five people remained unharmed, including me,” he said.
Later, Russian soldiers came to the site and took away seven of the injured, Anatoliy said. He heard the soldiers say they would be taken to a hospital in Nova Kakhovka, about 30 miles away.
Several days on the road
While some people are returning to Kherson, many more are trying desperately to leave. Video on Thursday showed a column of hundreds of cars trying to get into Ukrainian-held territory south of Zaporizhzhia. Ukrainian officials estimated there were 1,000 vehicles at the site by Thursday night.
People often spend several days on the road trying to find a safe escape route, negotiating dozens of roadblocks, not always successfully.
Daniil, who is 18, eventually did find a way out — along with his girlfriend and their parents. But on their first attempt, he said, the Russians fired at the wheels of the cars leading the convoy and told them to turn back.
The convoy included cancer patients in need of treatment, he said.
For eight days in a row, Daniil said, many in the convoy tried to move north and were sent back. “And on the eighth day we left the house at 4 a.m. and were the first in the column. And Russians let us go.”
CNN spoke to Lyudmila on Friday. By then her family of 12 were on their seventh day on the road. But they were still far from Ukrainian-controlled territory.
She said she knew people had been killed and injured trying to cross the “gray zone” but added: “There is no work in Kherson, our money is running out. We live on the seventh floor and we are afraid that a rocket will hit us.”
One man told CNN there were two-dozen Russian checkpoints between Kherson and Melitopol alone.
He said he and his family waited three days at a checkpoint, sleeping in their car. They ultimately gave up and traveled to another area, where they spent a night at a destroyed gas station before being able to cross near Zaporizhzhia.
Escaping ‘disappearances’ and shortages
Ukrainian officials estimate that about half the population of Kherson has now left the region. Some are motivated by shortages or lack of work, others by what they see as the oppressive Russian presence.
Sergey, who is in his 40s, told CNN that he and his family had decided to leave as a “pro-Russian way of life” was being introduced. “There are special passes they have implemented: if they don’t like you, they can take you away,” he said.
Daniil said he wanted to leave because he and his friends are all designers who had lost their jobs. “And we couldn’t work. And none of us wanted to live in the occupation.”
He also said screaming was often heard at night in Kherson. “And then it turns out that someone was abducted, killed, and so on. My friend was driving a car at midnight. His car was taken away. He was stripped and beaten.
“The Russians like to shoot,” he said. “They have nothing to do, they shoot in the air and find it funny that everyone is hiding. They also like to drive an armored personnel carrier, turn on the spotlight and shine through the windows until people leave the house.”
Mariya is now safe in Ukrainian-held territory, but she recalls recent weeks in Kherson with a shudder.
“We constantly lived in fear: There are many roadblocks around the city. They check passports and phones, especially for men.”
She had attended protests in Kherson in March. “I went to the rallies, filmed them, posted them on Instagram. Until Russians started shooting. And we stopped going to rallies.”
The conflict was never far away, Mariya said: “Lots of explosions — outside the city there is Chernobaivka, where hostilities are constantly going on.”
The Russians have established a base at Chernobaivka, where there is an airfield. It has come under frequent attack by the Ukrainians.
Living ‘under terror’
Many others think that trying to leave Kherson has become too dangerous. Elena says she and her children set out on May 12. Twice they got lost. Now, she says, “We want to wait, it’s scary to drive through the battle zone.”
But she is desperate to leave. “I’m nervous here. People with machine guns are on the streets, explosions are heard the whole day. Citizens here are under terror. We cannot speak to each other.”
She also said there was no work — those people who had not fled had no money. There were few doctors and a chronic shortage of medicines.
“Hospitals have run out of drip solutions. Now my father needs an operation, but the hospitals do not have the necessary medicines.”
Mariya also said there was an acute shortage of medicine. “Volunteers started trying to deliver drugs to Kherson. One shipment was worth $7,000 — and the Russians simply stole this cargo!”
CNN was unable to confirm that incident but heard other accounts of Russian troops pilfering from aid convoys.
Ruslan said he had spent years improving his property. “We understood that if we leave, then most likely there will be nothing left.”
His mother had refused to leave. “It’s somehow easier together,” he said.
But he said he went out as little as possible, “because they check documents, check phones. If they find something, you can get penned up in the basements. And they have some lists.”
But, he said that “just sitting at home all the time, waiting, emotionally, you start to go a little crazy, being in some kind of box.”
Inside Kherson there is little resistance but growing indications of dissent, with slogans spraypainted on walls and roads telling the Russians to leave in strong language. Posters have sprung up warning Russian troops they will have their throats slit at night.
“Kherson is Ukraine” is another popular slogan, and on Friday the Ukrainian flag was briefly hoisted at the city’s railway station.
But the Russian-appointed local government is gradually tightening its hold on all aspects of life. Ukrainian goods are disappearing from stores; checkpoints abound. The new rulers talk about federation with Crimea, introducing the ruble and allowing people to have Russian passports.
Elena feels a sense of desperation, trapped in Kherson against her will, with no school for her children.
“I really want to be free!” she told CNN. “To any city but controlled by Ukraine! Even if the Russians shell it. I’m suffocating here.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
Julia Presniakova contributed to this report.
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https://localnews8.com/news/national-world/cnn-europe-mideast-africa/2022/05/21/days-long-roadblocks-missiles-and-lots-of-blood-civilians-recall-terrifying-attempts-to-escape-ukraines-cities-as-russian-forces-tighten-grip/
| 2022-05-21T11:54:41Z
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GRAND Addiction Recovery Center to serve as new treatment model for Oklahomans
TULSA, Okla., July 5, 2022 /PRNewswire/ -- GRAND Mental Health announced it is merging with 12&12, Inc. effective July 1, 2022 to deliver an expanded, state-of-the-art addiction treatment model in Tulsa,
As part of the merger, 12&12, Inc. will now operate as GRAND Addiction Recovery Center and will serve under the GRAND Mental Health family of providers. Unifying the combined 80+ years' experience of GRAND Mental Health and 12&12, Inc. positions GRAND Addiction Recovery Center as a leader in integrated mental health and addiction treatment services in Oklahoma.
GRAND Addiction Recovery Center will offer complete care with multiple levels of treatment in the most suitable and least restrictive environments possible. This includes medically supervised detoxification, intensive residential treatment, transitional living and, sober living for homeless Veterans in recovery. Greatly expanded outpatient services featuring new technologies that afford instant access to licensed mental health professionals to aid in relapse-prevention will be a cornerstone of the new GRAND model, as will soon-to-come 24/7 triage care.
"At GRAND Addiction Mental Health, our vision is to deliver an entirely new model of care in Tulsa that centers on two critical bedrocks: easier access to treatment and better long-term health outcomes," said GRAND Mental Health Chief Executive Officer, Larry Smith. "We are excited to bring our patient-focused innovations to Tulsans through GRAND Addiction Recovery Center. Bringing these services under the GRAND umbrella allows us to better support and treat the thousands of Oklahomans who are struggling."
Founded in 1979, GRAND Mental Health serves 22 clinics in 13 counties throughout northcentral and northeastern Oklahoma. With the merger of 12&12, Inc., GRAND Mental Health has expanded its services into Tulsa County, increasing much needed access to its trauma-informed programs.
"Programs like those offered by GRAND Mental Health will have a significant impact on the future of mental health care in Tulsa County," added GRAND Mental Health Operating Officer, Josh Cantwell. "Our patient-centered approach to mental health care is of the highest standard and works hard to get these lifesaving measures into the community."
With a staff now exceeding 1,600 employees, GRAND Mental Health uses an anytime, anywhere approach to provide mental health care to those in need. Utilizing thousands of iPads loaded with the patented MyCare app, the organization can connect clients to a full array of therapeutic services at the touch of a button, 24 hours a day. This same technology is being deployed to law enforcement partners allowing them to instantly connect with mental health professionals to assist in troubleshooting mental health crisis situations and divert those in mental health crisis from incarceration.
In addition, GRAND operates multiple 24/7 Crisis Centers providing immediate critical care to those in mental health crisis. The organization will continue to cultivate new initiatives to support those who need mental health and addiction treatment services in rural Oklahoma, as well as in the greater Tulsa metropolitan area.
GRAND Mental Health provides services for adults, children, adolescents, and families dealing with behavioral health issues, substance use issues, and integrated/medical needs in northeast and northcentral Oklahoma. In business since 1979, GRAND Mental Health is a Certified Community Behavioral Health Clinic (CCBHC) providing evidence-based mental health and substance use services integrated with primary health care. Becoming a CCBHC has allowed GRAND Mental Health to hire wellness coaches, dieticians, and peer recovery support specialists to provide a larger spectrum of services to clients. GRAND Mental Health operates 22 clinics in 13 Oklahoma counties, employing more than 1,600 people. GRAND Mental Health strives to provide personalized care, anytime, anywhere.
Formerly 12 & 12, Inc., GRAND Addiction Recovery Center offers life-saving recovery tools for adults suffering with addiction or co-existing mental health and substance use disorders to achieve individualized recoveries. We serve our clients through a continuum of care that provides multiple levels of treatment – medically supervised detoxification, intensive residential treatment, outpatient and intensive outpatient treatment, counseling, transitional living, and sober living for homeless Veterans in recovery. Our service model uses a multi-disciplinary approach that integrates medical oversight, psychiatry, nursing, counseling and case management. In alignment with evidence-based practices, we're simultaneously treating co-existing mental health and substance use disorders to dramatically increase our clients' likelihood for recovery.
A photo of Grand Addiction and Recovery executives is available in JPEG format for download at …
(L-R, Josh Cantwell, Chief Operating Officer, GRAND Mental Health, Kim Hill-Crowell, Chief Clinical Officer of Addiction Services, GRAND Mental Health, and Larry Smith, Chief Operating Officer, GRAND Mental Health on Tuesday, July 5th, 2022.)
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https://www.mysuncoast.com/prnewswire/2022/07/05/grand-mental-health-merge-with-12amp12-inc/
| 2022-07-05T16:30:16Z
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TYSONS, Va., Aug. 23, 2022 /PRNewswire/ -- Anthony "Tony" Jimenez, the President and CEO of MicroTech, was selected to grace the cover of Hispanic Executive magazine this month in an article entitled, "Tony Jimenez Finds Success through Calculated Risks." The article can be found on Hispanic Executive website at https://hispanicexecutive.com/tony-jimenez-microtech-2/
The mission of Hispanic Executive is to "unite the leaders of the new majority. By turning our spotlight on business's most influential Latinos, we help drive our community's unmatched economic, political, and social power. As we shape the dialogue on the cultural force that is Hispanic leadership, we amplify the voices of those driving growth in the global marketplace."
Tony is certainly a noteworthy example of a successful, groundbreaking Hispanic leader who is paving the way to success for future generations. The Hispanic Executive article follows his journey from his roots as a "Navy Brat" to his years of distinguished service in the United States Army to leading a half-billion-dollar tech integrator that serves the biggest government agencies and the top names in business.
Tony recounts in the article. "I didn't realize that I was setting a new standard and doing something special until people wanted to know how I had done it."
"I am thrilled to be featured on the cover of Hispanic Executive and am honored to share my story to promote the accomplishments of Hispanic leaders," said Jimenez. "I am proud of this achievement and also of the inclusive workplace culture we have created here at MicroTech."
Other leaders may have been hesitant to downsize and readjust, especially after having had so much success, but Jimenez relied on the intuition he honed by leading large technology projects in the US Army and the same ambition he leveraged at the start of his civilian career. Those characteristics compelled him to make the tough call, pivot the business he poured many years into, and fine-tune MicroTech's capabilities to match its clients' changing needs.
About MicroTech: MicroTech, a U.S. Department of Veteran Affairs Verified and Certified Service-Disabled Veteran-Owned Small Business (SDVOSB) and National Minority Supplier Development Council (NMSDC) certified Minority Business Enterprise (MBE), has had noteworthy success since its inception in 2004. Under MicroTech's outstanding leadership, the privately-owned company has experienced exponential growth over the years and is repeatedly recognized as a small business success story. Regularly described as one of the "hottest Hispanic businesses in the nation," MicroTech was ranked as the #1 Fastest-Growing Hispanic Company in the Nation for three consecutive years by Hispanic Business. Magazine.
MicroTech is a Managed Service Provider (MSP), providing Infrastructure Services & Solutions, Cyber Security Solutions, Cloud Computing, Information Technology, Professional Services, Network Systems Integration, Research & Development, Leasing/Financial Services, and Unified Communications Services, Solutions, and Support to Federal, State, and Local Government Agencies, public sector, as well as commercial enterprises. MicroTech is ISO 9001, ISO 20000, ISO 27001, ISO 20243 certified, and is CMMI Maturity Level 3 rated in both CMMI Services (CMI-SVC) & CMMI Development (CMMI-DEV). Follow MicroTech on Twitter, Facebook, and LinkedIn.
Contact:
Jennifer Berman
703-531-9976
jennifer.berman@microtech.net
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SOURCE MicroTech
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https://www.mysuncoast.com/prnewswire/2022/08/23/microtech-ceo-graces-cover-hispanic-executive-magazine/
| 2022-08-23T14:44:37Z
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NEW YORK, June 15, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Amazon.com, Inc..
Shareholders who purchased shares of AMZN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: February 1, 2019 to April 5, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Amazon engaged in anticompetitive conduct in its private-label business practices, including giving Amazon products preference over those of its competitors and using third-party sellers' non-public data to compete with them; (ii) the foregoing exposed Amazon to a heightened risk of regulatory scrutiny and/or enforcement actions; (iii) Amazon's revenues derived from its private-label business were in part the product of impermissible conduct and thus unsustainable; and (iv) as a result, the defendants' public statements throughout the class period were materially false and/or misleading.
DEADLINE: July 5, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/amazon-com-inc-loss-submission-form/?id=28537&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of AMZN during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is July 5, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
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https://www.kxii.com/prnewswire/2022/06/15/shareholder-alert-gross-law-firm-notifies-shareholders-amazoncom-inc-class-action-lawsuit-lead-plaintiff-deadline-july-5-2022-nasdaq-amzn/
| 2022-06-15T10:06:56Z
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SCOTTSDALE, Ariz., July 20, 2022 /PRNewswire/ -- InvestorsHub NewsWire -- Electromedical Technologies, Inc. (OTC: EMED) (the "Company"), a pioneer in the development and manufacturing of bioelectronic devices, including the FDA-cleared WellnessPro®, designed to relieve chronic, intractable and acute pains by using frequencies and electro-modulation, today announces a significant restructuring of its balance sheet via an agreement with a major debtholder to convert 100% of promissory notes owed and currently subject to deferment into restricted, unregistered common shares of the Company.
Under the terms of the agreement, a holder of multiple convertible promissory notes converted $668,369.56 of notes and accrued interest into approximately 26.7 million shares of restricted common stock at $0.025 per common share. In addition, the debt settlement agreement a release of all claims related to the notes and outlined specific true-up provisions and adjustments allowing the former debtholder to receive additional shares should the value of the underlying settlement shares fall below the set of $0.025 per common share.
Matthew Wolfson, CEO of the Company, commented, "This is a significant event for our Company. This settlement agreement results in this holder's debt converting to equity. With the newly issued restricted shares, the former debt holder is now a long-term partner with the Company. We thank this investor for their faith and trust in this management team and in our Company.
As of the last balance sheet filed by the Company for the quarter ending March 31, 2022, total current liabilities totaled approximately $2.2 million. The conversion resulted in a 35% reduction in the Company's convertible promissory note related debt as of that date and represents a meaningful portion of the liabilities due from the Company over the next twelve months. The Company plans to file its results for the quarterly period ending June 30, 2022, over the coming weeks.
About Electromedical Technologies, Inc.
Electromedical Technologies is an Arizona-based bioelectronics manufacturing company with the mission to improve global wellness for people suffering from various painful conditions, relieving chronic and acute pain using energy, frequency, and vibration as an alternative to pharmaceuticals. Developing and manufacturing bioelectronics products since 2004, Electromedical Technologies grew over time into a serious competitor in the electrotherapy market. Through research and development we have been able to deliver innovative solutions across a broad range of pain management issues. The Company is publicly quoted for trading on the OTC Markets quotation system under the trading symbol EMED.
Safe Harbor Statement:
This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
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SOURCE Electromedical Technologies, Inc
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https://www.kxii.com/prnewswire/2022/07/20/electromedical-technologies-announces-significant-debt-reduction-through-restructuring-conversion-into-restricted-common-shares-company/
| 2022-07-20T10:57:33Z
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Rapper Kidd Creole sentenced to 16 years for fatal stabbing
NEW YORK (AP) — Rapper Kidd Creole, who was a founding member of Grandmaster Flash and the Furious Five, was sentenced Wednesday to 16 years in prison for stabbing a homeless man to death on a New York City street.
The 62-year-old rapper, born Nathaniel Glover, was found guilty of manslaughter last month for the death of John Jolly, who was stabbed twice in the chest with a steak knife in midtown Manhattan in August 2017.
Prosecutors accused Glover of stabbing Jolly after becoming enraged because he thought Jolly was gay and was hitting on him. After stabbing Jolly, who was 55, Glover headed to his workplace nearby, changed his clothes and washed the knife, prosecutors said. Glover was arrested the following day.
“Mr. Jolly’s death was devastating to his family and those who knew him,” Manhattan District Attorney Alvin Bragg said in a news release after the sentencing. “Every life we lose to violent crime ripples throughout our entire city, and we will continue to ensure everyone in our borough can live their lives with the sense of safety and security they deserve.”
The New York Times reports that Manhattan state Supreme Court Justice Michele Rodney appeared to take issue with arguments made by Glover’s lawyer, Scottie Celestin, who said during the trial that Glover had felt threatened in part because Jolly was homeless.
“A life is a life is a life,” Rodney said, adding as she sentenced Glover that the killing was not “somehow justified because the person is homeless.”
Celestin said he would appeal the conviction.
Grandmaster Flash and The Furious Five formed in the late 1970s in the Bronx. The group’s best-known song is “The Message” from 1982. They were inducted into the Rock and Roll Hall of Fame in 2007, the first rap group to be included.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.mysuncoast.com/2022/05/04/rapper-kidd-creole-sentenced-16-years-fatal-stabbing/
| 2022-05-04T21:22:41Z
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Bright MLS study of more than 840,000 home sales transactions finds that off-MLS properties and office exclusives or "pocket listings" sell for less and spend more time on market
- The open MLS marketplace provides equal and accessible access to homes for all consumers, ensuring that all buyers have an opportunity to view and consider properties
- As housing inventory fell from 2019 to 2021, the premium sale price of listings on the MLS increased from 9.8% to 14.8%
- Nearly two-thirds of homes initially marketed as "office exclusives" within a brokerage sold only after being listed on the MLS
- Homes initially listed on the MLS sold in an average of seven days, while it took 24 days to sell a house that was first offered as an office exclusive
ROCKVILLE, Md., Aug. 30, 2022 /PRNewswire/ -- A home listed for sale on a multiple listing service (MLS) sells for more than a home offered exclusively by an agent, according to analysis of over 840,000 listings throughout the Mid-Atlantic in a new study released today by Bright MLS, the nation's second largest MLS. The impact of listing on an MLS grew during the pandemic housing boom with the sales price gap increasing to 14.8% or $55,779 – a clear benefit to homeowners looking to maximize the return on their home sale.
The analysis, conducted in collaboration with Dr. Kevin Gillen, Senior Research Fellow, Lindy Institute for Urban Innovation at Drexel University, utilized Bright MLS listing information and public records to examine a total of 841,266 home sales transactions taking place in the five-state Mid-Atlantic region and the District of Columbia between January 2019 and the first quarter of 2022. To ensure consistent data for both on- and off-MLS transactions, the analysis took into account factors that influence home prices, such as construction type and year, square footage, property features, distance to the region's central business district and census data.
"Over the past few years, demand for housing has been very strong and homes have been selling briskly, often above the seller's asking price," said Bright MLS Chief Economist Dr. Lisa Sturtevant. "This research shows that even when homes flew off the market with little prep, there was a clear benefit to listing a property on Bright MLS, which offers the widest exposure for your home, including ensuring that your property is visible to home buyers nationally."
Homes sold on the MLS commanded a 13% higher price than those sold off-MLS over the course of the analysis. This amounts to an additional $45,471 to the seller for the typical home sold over the study period, with MLS-listed homes in the Mid-Atlantic's largest metros of Washington, D.C., Baltimore and Philadelphia selling for 14.9%, 10.5% and 10.1% more on average, respectively.
The analysis showed that the benefit of listing on an MLS grew throughout the pandemic, with homes selling in the region for a premium of 9.8%, 10.1% and 14.8% in 2019, 2020 and 2021, respectively.
Conversely, the study found that office exclusives—properties marketed solely within an agent's firm— closed at a lower price and significantly slower than those listed on the MLS. Only 12.6% of properties that were initially marketed as office exclusives resulted in a successful sale off MLS. Nearly two-thirds (63%) of office exclusives were eventually promoted and sold as an MLS listing, with the remaining 24.4% of properties marketed as office exclusives between April 2021 and December 2021, indicating they did not sell or were removed from the market. Additionally, those properties that began as an office exclusive and ultimately sold on the MLS spent an average of 24 days on market, compared with seven days for an MLS listing.
"There could be a specific reason why someone might list their home exclusively with an agent, and not on the open marketplace facilitated by the MLS, and they may be willing to sacrifice the potential lost value," said Brian Donnellan, President and CEO of Bright MLS. "However, when a property is marketed through a limited number of agents in a specific market area, many potential buyers are excluded from the process, creating an unlevel playing field for consumers that goes against the fair housing practices the industry is working hard to promote."
To view the full report, including charts and methodology, please visit http://brightmls.com/OnMLSStudy
Bright MLS was founded in 2016 as a collaboration between 43 visionary associations and two of the nation's most prominent MLSs to transform what an MLS is and what it does, so real estate pros and the people they serve can thrive today and into our data-driven future through an open, clear and competitive housing market for all. Bright is proud to be the source of truth for comprehensive real estate data in the Mid-Atlantic, with market intelligence currently covering six states (Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia) and the District of Columbia. Bright MLS's innovative tool library—both created and curated—provides services and award-winning support to well over 100k real estate professionals, enabling their delivery on the promise of home to over half a million home buyers and sellers monthly. In 2021, Bright subscribers facilitated $141B in real estate transactions through the company's platform. Learn more at Bright MLS.com.
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SOURCE Bright MLS
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https://www.kxii.com/prnewswire/2022/08/30/homes-listed-open-marketplace-mid-atlantic-sold-nearly-56000-more-during-height-pandemic-housing-market/
| 2022-08-30T14:54:19Z
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‘Traumatic event’: Wife hospitalized after run over with vehicle in carjacking, husband says
ATLANTA (WGCL/Gray News) - An Atlanta woman is recovering after being part of a chaotic scene over the weekend.
Atlanta resident Michael Hill told WGCL about the incident involving his wife, Suzanne. He says she is lucky to be alive. The 59-year-old was leaving her home on July 16 when she was carjacked.
“You expect, in your mind, crime to happen late in the evening or at night, not right in the middle of the day,” Michael Hill said.
Surveillance video showed the 59-year-old getting out of her vehicle at the end of her driveway when a man ran up to her SUV and jumped inside.
A gunshot was heard in the video but Suzanne was not hit. The alleged carjacker is seen knocking her to the ground and then running her over with the vehicle before speeding off.
“It’s so upsetting, just to see how much pain she was in,” Michael Hill said. “My wife won’t ever be able to leave the house the same way again. It’s such a traumatic event.”
A neighbor spoke on the condition of anonymity and said she saw a group of young people with Suzanne’s vehicle shortly after the incident. She and several others waited with Suzanne until EMS arrived.
“I heard them saying they hit her,” the neighbor said. “I went down the street where Suzanne was lying. Several people were on the phone with 911. I was just focused on her and making sure that she kept talking.”
Michael Hill, who was at work, said he felt helpless seeing his wife suffer. She has a fractured skull and shoulder. Her legs, wrists, multiple ribs and hip are also broken.
“There are no internal organs that were damaged,” Michael Hill said. “And she didn’t have any brain trauma, which I’m incredibly thankful for.”
He said his wife likely wouldn’t walk on her own for at least six months and warned others to stay vigilant no matter where you are.
“I know people think the West End is a dangerous place,” Michael Hill said. “It’s not as dangerous as people think. But it can happen anywhere.”
Suzanne’s friends and family said they started a GoFundMe account to help cover her medical expenses as they say she does not have insurance through her bartending job.
The couple said they were planning a trip to Peru later this year to celebrate their 10th wedding anniversary and Suzanne’s 60th birthday. That trip is currently on hold.
According to Atlanta police, two people were arrested in the incident after they led officers on a short chase in Suzanne’s vehicle. One of the people involved was a minor, and the other was identified as 20-year-old Courtney Hall. Both were charged with armed robbery.
Copyright 2022 WGCL Gray Media Group, Inc. All rights reserved.
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https://www.kxii.com/2022/07/19/traumatic-event-wife-hospitalized-after-run-over-with-vehicle-carjacking-husband-says/
| 2022-07-20T00:17:34Z
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Did you lose money on investments in Netflix? If so, please visit Netflix, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.
NEW YORK, June 29, 2022 /PRNewswire/ -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the common stock or call options, or sold put options of Netflix, Inc. ("Netflix" or the "Company") (NASDAQ: NFLX) between January 19, 2021 and April 19, 2022, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the Northern District of California and alleges violations of the Securities Exchange Act of 1934.
Netflix primarily operates an entertainment platform that offers TV series, documentaries, feature films, and mobile games across a variety of genres and languages. It also offers a DVD-by-mail service in the U.S.
Plaintiff alleges that throughout the Class Period, Defendants made misleading statements about Netflix's business. Specifically, Plaintiff alleges that Defendants' statements were materially false and misleading when made because: (1) Netflix was exhibiting slower acquisition growth due to, among other things, account sharing by customers and increased competition from other streaming services; (2) the Company was experiencing difficulties retaining customers; (3) the Company was losing subscribers on a net basis; and (4) as a result, the Company's financial results were being adversely affected.
On January 20, 2022, after the market closed, Netflix reported that it "slightly over-forecasted paid net adds in Q4," adding 8.3 million subscribers compared to the 8.5 million forecast. The Company also stated that, despite "healthy" retention and engagement, it only expected to add 2.5 million net subscribers during first quarter 2022, below the 4.0 million net adds in the prior year period. On this news, the Company's stock price fell over 21% to close at $397.50 per share on January 21, 2022.
Then, on April 19, 2022, after the market closed, Netflix reported that it lost 200,000 subscribers during the first quarter of 2022, compared to prior guidance expecting the Company to add 2.5 million net subscribers. The Company cited the slowing revenue growth to four factors, including account sharing and competition with other streaming services.
On this news, the price of Netflix stock declined over 35% to close at $226.19 per share on April 20, 2022.
If you wish to serve as lead plaintiff, you must move the Court no later than July 5, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
If you purchased NFLX common stock or call options, or sold put options, and/or would like to discuss your legal rights and options please visit Netflix, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2022 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information:
Peter Allocco
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
pallocco@bernlieb.com
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https://www.mysuncoast.com/prnewswire/2022/06/29/netflix-inc-nasdaq-nflx-shareholder-class-action-alert-bernstein-liebhard-llp-reminds-investors-deadline-file-lead-plaintiff-motion-securities-class-action-lawsuit-against-netflix-inc-nasdaq-nflx/
| 2022-06-29T23:15:57Z
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Houston lawyer recognized as one of the nation's top employment advisors
HOUSTON, Aug. 17, 2022 /PRNewswire/ -- Hicks Thomas LLP partner Stewart Hoffer has been named to the 2022 Lawdragon 500 guide to the Leading Corporate Employment Lawyers in America, which honors the most accomplished employment attorneys in the nation.
This year's list recognizes "the nation's top advisors to businesses, universities, nonprofits, and other organizations dealing with the mind-bending matrix of today's global workforce," according to the publication.
"To be included among this incredible group of employment lawyers is really an honor," said Mr. Hoffer. "It is a privilege to be able to work each day on behalf of our clients, and to be recognized for work that I love makes it that much more special."
Mr. Hoffer, selected for his labor and employment litigation expertise, is marking his first year as a Lawdragon 500 honoree. Board Certified in Civil Trial Law by the Texas Board of Legal Specialization, he represents both plaintiffs and defendants in employment lawsuits, counsels clients on workplace laws and regulations, and represents clients before federal, state, and local labor and employment agencies. Mr. Hoffer is known to his clients as a go-to resource, trusted for his timely and wise counsel.
"We are so pleased for Stewart," said Hicks Thomas name partner John B. Thomas. "Clients who have worked with him know him to be their fiercest advocate and someone who goes above and beyond to protect their interests. To see him recognized for all his great work is fantastic."
Published annually, the Lawdragon 500 guide relies on meticulous editorial evaluations, peer and client nominations, and independent third-party research. In choosing employment honorees, Lawdragon "reviews cutting-edge litigation, as well as trends in employment law and reviews the lawyers consistently turned to for guidance in those matters." The full corporate employment guide can be viewed at https://www.lawdragon.com/.
Founded in 1997, Texas-based Hicks Thomas LLP is a premier litigation firm representing plaintiffs and defendants across the nation. With offices in Houston, Austin, Beaumont, Amarillo, and Sacramento, California, the firm provides in-depth experience in cases involving oil and gas, environmental, complex commercial, toxic tort, construction, products liability, corporate governance, securities, banking, insurance coverage, transportation, trade secrets and business litigation. Visit the firm at http://www.hicks-thomas.com.
Media Contact:
April Arias
800-559-4534
april@androvett.com
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SOURCE Hicks Thomas LLP
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https://www.kxii.com/prnewswire/2022/08/17/hicks-thomas-partner-stewart-hoffer-named-lawdragon-500s-leading-corporate-employment-lawyers-guide/
| 2022-08-17T23:37:07Z
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Record-breaking growth for the company, expansion into new and notable chain accounts nationwide, exciting festival activations in pipeline and new leadership position as the #1 fastest growing alcohol brand in U.S. on social media (Based on total audience growth)
AUSTIN, Texas, July 19, 2022 /PRNewswire/ -- BeatBox Beverages, the number one fastest-selling single serve Tetra 500ml wine brand in the U.S1., is dominating the beverage industry with tremendous milestones of-note, some of which include record-breaking sales for the business, exciting new programming, roll-out of new products on shelves and notable new retail partners of-record.
There is clearly much to unpack regarding BeatBox's continued ability to crush the competition, dominate the wider beverage alcohol industry one music festival at a time and continue to generate top of mind awareness and purchase intent.
- YTD Revenue for 2022 current up 110% from 20212
- 34,000+ total accounts buying BeatBox in the last 90 days, up 70% from 20212
- BeatBox continues to be the #1 fastest selling 500ml wine in the U.S.1
- BeatBox dollars per point velocity continues to crush competition over the last quarter ranking 1st vs. 500ml wine, 4th vs. Ready-to-drink (RTD), 9th vs. single flavored malt beverage (FMB).1
"It's been absolutely incredible to watch what's going on with the BeatBox brand over the last several years. This year the story remains the same: accounts are up around 70% year-over-year with sales +110%, driven by huge increases in rate of sale per account. Our wholesale and retail partners are thrilled about the incremental traffic and revenue we are bringing to their businesses, and our consumers are finally able to find BeatBox in more places than ever and we're just getting started. The future is now," states Justin Fenchel, CEO & Co-Founder.
BeatBox's top of mind awareness and purchase intent continues to soar. In the last 90 days Beatbox has seen over 400,000 product locator searches for consumers thirsty for their nostalgic and memorable flavors. The newest flavor, Juicy Mango, has already reached 8,000 retail outlets in the first 90 days. This consumer pull has led to placements into the following top retailers and venues:
- 2,700+ Circle K locations
- 3,500 7-Eleven locations
- Walmarts in Florida and South Carolina
- Dodgers Stadium
"Demand for BeatBox is at an all-time high, and consumers are looking for more places to purchase The World's Tastiest Party Punch," says Zech Francis, VP of Global Marketing. Francis continues, "This is why our expansion into these new national chain accounts is more important than ever before - to provide our customers with more expanded access to BeatBox nationwide."
- #1 fastest growing brand on social media with over 8 million social media impressions in May 2022.3
- BeatBox has also locked in key sponsorships with partners like USA Softball, Oklahoma State University, AEG, Live Nation, Heartland MotorSports Park, Texas Motorplex and many Minor League Baseball teams.
- BeatBox has invested over $1.5 million into sponsoring music festivals across the country in 2022 - Including EDC Vegas & Orlando, Sunset Music Fest, Barefoot Country Music Fest, Day Trip, Lost Lands, Decadence, Rocklahoma and many more!
- At each festival BeatBox is committed to engaging with consumers through authentic experiences some include blender bikes, body paint artists, roller discos; resulting in many product sell-outs.
- BeatBox - Beat Boring Summer Retail Campaign is giving consumers the chance to win VIP tickets to over 30 music festivals.
"BeatBox was born out of genuine love for going to music festivals. So rather than approaching these festivals as an "advertiser," we aim to add to the overall festival experience. These special moments with our community are what separate the BeatBox brand," says Brad Schultz, CMO & Co-Founder.
BeatBox, which raised $1million from Mark Cuban on Shark Tank, got its start through its founders' shared love of music. They have an entire focus on RTDs, which is currently the fastest growing category in alcohol, and BeatBox is one of the top selling brands in the category.
United through a love of music and inspired by the entrepreneurial spirit of Austin, Texas, the founders of BeatBox Beverages set out to create something that could help everyone #PartyBetter. One year later, they made Shark Tank, walking away with the biggest investment the show had made at that time, $1million from Mark Cuban. Later adding on a team of industry veterans from InBev, MillerCoors, Deep Eddy, and Tito's Handmade Vodka, to name a few – who know how to develop, launch, and quickly grow authentic brands. Boasting a roster of investors including Mark Cuban, Rob Dyrdek as well as DJs Party Favor, Louis The Child, Good Times Ahead, and many others. BeatBox Beverages' reputation is secured as a company that creates products that drive incremental profit in high-growth categories with specific expertise in the Millennial and Gen Z target.
Media Contact:
Taylor Foxman // taylor@theindustrycollective.org
References
1 iRI, week ending 6.5.22, last 13 weeks, MULO+C
2 Vermont Information Processing (VIP), week ending 6.5.22
3 Rival IQ, YTD ending 7.11.22, net cross-channel audience change
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SOURCE Future Proof
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https://www.wibw.com/prnewswire/2022/07/19/beatbox-beverages-number-one-fastest-selling-single-serve-tetra-500ml-wine-brand-us-continues-crush-competition-dominate-wider-beverage-alcohol-industry-with-recent-company-milestones/
| 2022-07-19T15:10:22Z
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With Turnitin Draft Coach, students access immediate, formative citation and grammar feedback on their essay drafts directly in Microsoft Word online, building students' writing confidence and skills.
OAKLAND. Calif., June 28, 2022 /PRNewswire/ -- Turnitin, a leading provider of academic integrity, assessment, and writing solutions, announced today that its Turnitin Draft Coach feature is now available on Microsoft Word for the web. The announcement was made at the International Society for Technology in Education conference and expo in New Orleans: ISTELive 22 at Turnitin booth 518.
Turnitin Draft Coach, which first launched as a Google Docs add-on, provides tools and coaching for students to pre-check their work before submission. This helps improve students' academic writing and research skills by providing feedback on: 1) text-similarity; 2) citations in APA, Chicago, and MLA formats; and 3) foundational grammar, mechanics, usage, and structure. And by using AI, Draft Coach can quickly identify citation and grammar issues across large bodies of work.
Unlike other checkers that only flag or auto-correct writing issues, Draft Coach provides detailed, in-app instruction on how students can correct these issues in real-time, helping students think critically about the feedback and independently improve their work before submission.
"The most common forms of academic integrity issues are the result of skill and knowledge gaps," said Turnitin Chief Product Officer Annie Chechitelli. "With an increasingly complex research environment, students need reliable information and tools to help them understand how to properly credit their sources and convey their message—while they are writing."
"Our university has found Draft Coach to be a great tool for students and professors to improve academic integrity. Draft Coach helps our students validate their writing skills," reflected Fernando Fajardo, Director of Technology at Universidad Autónoma of Chile.
For educators, Draft Coach streamlines feedback and submission workflows, as it allows students to address citation, grammar, and academic integrity issues earlier in the writing process. "Draft Coach is truly a coach. Not only does Draft Coach flag something, it helps students understand what's wrong so they can make changes [...]," said Beth Revor, high school library information specialist in Chantilly, VA. "Draft Coach is also a great tool for educators to give formative feedback."
"By integrating Draft Coach with Microsoft Word, one of schools' top preferred writing softwares, more students can be confident that they are submitting their best, original work," continued Chechitelli, who also shared academic integrity insights at the ISTE EdTech Industry Network Summit on June 26.
Recognized by The EdTech Awards by EdTech Digest, the EdTech Breakthrough Awards, The Stevie Awards, and Tech & Learning—Turnitin Draft Coach is available to those with an institutional subscription to Google Workspace or Microsoft 365 and a license to Turnitin Feedback Studio or Turnitin Originality.
- Download Turnitin Draft Coach on Microsoft Word for the web
- Download Turnitin Draft Coach on Google Docs add-on
Learn more about Turnitin Draft Coach. ISTELive 22 attendees can join a learning session or speak with a specialist in-person at Turnitin booth 518.
Media contact
press@turnitin.com
Turnitin is a global company dedicated to ensuring the integrity of education and meaningfully improving learning outcomes. For more than 20 years, Turnitin has partnered with educational institutions to promote honesty, consistency, and fairness across all subject areas and assessment types. Turnitin products are used by educational institutions and certification and licensing programs to uphold integrity and increase learning performance, and by students and professionals to do their best, original work.
Turnitin has offices in Australia, Germany, India, Indonesia, Japan, Korea, Mexico, the Netherlands, the Philippines, Sweden, Ukraine, the United Kingdom, and the United States. Over 16,000 academic institutions, publishers, and corporations use Turnitin services: Gradescope by Turnitin, iThenticate, Turnitin Feedback Studio, Turnitin Originality, Turnitin Similarity, ExamSoft, ProctorExam, and Ouriginal.
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SOURCE Turnitin
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https://www.wibw.com/prnewswire/2022/06/28/announced-iste-2022-turnitin-draft-coach-integrates-with-microsoft-word-web/
| 2022-06-28T09:43:16Z
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KPZ Week 1: Rossville 13, St. Marys 20
Published: Sep. 2, 2022 at 10:40 PM CDT|Updated: 1 hour ago
ST. MARYS, Kan. (WIBW) - KPZ Week 1: Rossville 13, St. Marys 20
Copyright 2022 WIBW. All rights reserved.
ST. MARYS, Kan. (WIBW) - KPZ Week 1: Rossville 13, St. Marys 20
Copyright 2022 WIBW. All rights reserved.
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https://www.wibw.com/2022/09/03/kpz-week-1-rossville-13-st-marys-20/
| 2022-09-03T04:45:45Z
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After more than 15 years at Boeing, Greer joins Fortem to support the company's fundraising efforts as demand for counter-drone technology heightens
PLEASANT GROVE, Utah, Aug. 3, 2022 /PRNewswire/ -- Fortem Technologies, Inc., a leader in airspace security and defense for detecting and defeating dangerous drones, today announced it has hired Greer Carper as its Chief Financial Officer (CFO) and Vice President of Corporate Development. Based out of Austin, Texas, Carper has worked in strategy, business development, program management, and finance at Boeing over the last 15 years and will now be supporting Fortem with its fundraising efforts, strategic partnerships, and mergers and acquisitions.
"As a deal lead for Boeing back in 2017, Fortem Technologies was one of my first investments. Since then, I've seen the team triple in size, deploy at major sporting events and conflict zones, and form compelling strategic partnerships," said Greer Carper, CFO and VP of Corporate Development at Fortem Technologies. "Drone threats have grown exponentially throughout the span of my career and I am thrilled to join a team that has developed a trusted and proven solution to help keep warfighters, security teams, and civilians safe everywhere."
Alongside his roles at Boeing, Carper brings 10 years of experience in the unmanned aircraft systems (UAS) industry, focusing on both commercial and military markets. He was previously one of Boeing's subject matter experts on Autonomy Strategy and most recently served as an Investing Principal for Boeing Applied Innovation (formerly Boeing HorizonX Ventures).
"I've had the pleasure of working with Greer over the last four years, as he has led our last two funding rounds on behalf of Boeing Applied Innovation," said Timothy Bean, CEO and Founder of Fortem Technologies. "Greer's breadth of knowledge in the UAS industry combined with his background in venture capital is a welcome addition to Fortem's growing leadership team."
Within the past year, Fortem Technologies has more than doubled its deal flow and booking projections. Most recently, Fortem announced it has been selected to protect the FIFA World Cup. If you're interested in learning more or joining the team, please visit www.fortemtech.com.
Fortem Technologies is a leader in airspace security and defense for detecting and defeating dangerous drones. Through an advanced ecosystem of distributed radar, AI at-the-edge, deep sensor integration and autonomous drone capture, Fortem monitors, protects, and defends the world's corridors, venues, infrastructures, borders, and regions from dangerous or malicious drone threats. The same ecosystem is accelerating the safety of the world's airspace for urban air mobility. Based in Pleasant Grove, Utah, the company is privately held and backed by Toshiba, Boeing, DCVC, Signia Venture Partners, and others. For more information, please visit www.fortemtech.com.
Contact:
BAM for Fortem Technologies
Fortem@bamtheagency.com
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https://www.wibw.com/prnewswire/2022/08/03/fortem-technologies-hires-greer-carper-former-investing-principal-boeing-cfo-vp-corporate-development/
| 2022-08-03T14:23:24Z
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NEW YORK, Sept. 2, 2022 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Abbott Laboratories ("Abbott" or "the Company") (NYSE: ABT) and certain of its officers, on behalf of all persons and entities that purchased, or otherwise acquired Abbott securities between February 19, 2021 to June 8, 2022, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/abt.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws.
The complaint alleges that, throughout the Class Period, Defendants made numerous materially false and misleading statements and omissions concerning what the U.S. Food and Drug Administration ("FDA") called "egregiously unsanitary" conditions at the Company's Sturgis facility. Specifically, the complaint alleges that Defendants repeatedly touted to investors the safety and salability of Abbott's infant formula brands and their contribution to the Company's sales and revenue growth.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/abt or you may contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Abbott you have until October 31, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC
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https://www.kxii.com/prnewswire/2022/09/02/investor-alert-bronstein-gewirtz-amp-grossman-llc-notifies-abbott-laboratories-abt-investors-class-action-actively-participate/
| 2022-09-02T14:28:18Z
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Gov. hopes matching donation fund helps instill love of reading in children
TOPEKA, Kan. (WIBW) - Governor Laura Kelly hopes a $500,000 matching donation fund to Dolly Parton’s Imagination Library will help instill a love of reading in more Kansas children.
Kansas Governor Laura Kelly says the Kansas Children’s Cabinet will start to match dollar-for-dollar investments made by local Dolly Parton’s Imagination Library programs to help accelerate efforts to promote the love of reading in children.
Gov. Kelly said the additional funding has been made possible by a line item to add $500,000 to the Children’s Initiative Fund that she included in her proposed the Fiscal Year 2023 budget - which was passed by the Kansas Legilsature.
Kelly noted that Kansas children who participate in the program will get an age-appropriate book mailed to them from birth until they turn 5. She said the goal of the additional funds is to increase the number of children who sign up and expand the reach of local contributions.
“We know that one of the most important factors for early childhood learning and development is an early introduction to books and being read to at home,” Kelly said. “Kansas community organizations currently connect more than 42,500 children with the gift of books from Dolly Parton’s Imagination Library each month. This new funding will enable the program to reach even more Kansas children.”
Since September 2021, Kelly said the Kansas Children’s Cabinet has worked to expand access to DPIL to every Kansas child under the age of five - no matter the family’s income level or background. Since every family has to be signed up through a local community program, she said she has enlisted nonprofits to participate in the effort.
The Governor indicated that efforts to date have resulted in an increase from 82 to 98 community programs which has added coverage in 65 additional zip codes across 91 counties. She said the additional funds will help cultivate even more local community programs.
“As a father, I know the joy that comes from reading with your child,” said State Representative Troy Waymaster. “Shortly after our son was born, we enrolled him in Dolly Parton’s Imagination Library. All children in the state of Kansas should have the ability to participate in this program as well. I am committed to helping ensure that all children in the state of Kansas, from ages zero to five, will have this opportunity.”
For more information about Dolly Parton’s Imagination Library, click HERE.
Copyright 2022 WIBW. All rights reserved.
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https://www.wibw.com/2022/07/05/gov-hopes-matching-donation-fund-helps-instill-love-reading-children/
| 2022-07-05T19:12:52Z
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Yellen pushes Biden economic plans in battleground Michigan
WASHINGTON (AP) — Treasury Secretary Janet Yellen pressed the case for Democratic economic policies during a visit Thursday to Ford’s Rouge electric vehicle assembly plant in Michigan, a battleground state in the November midterm elections.
After a production-line tour, Yellen promoted recent legislative successes for the Biden administration, saying: “After the progress we have made over the past few months, I am more optimistic about the course of our economy than I have been for quite a while and I know we are headed in the right direction.”
Yellen’s visit to Detroit was part of a monthlong tour as well as a larger White House campaign to highlight new laws intended to repair the economy, boost computer chip manufacturing, lower prescription drug prices, expand clean energy and revamp the country’s infrastructure.
She pointed to the bipartisan infrastructure law, the CHIPS and Science Act and the “Inflation Reduction Act,” all passed and signed in the past year.
“By any traditional metric, we have experienced one of the quickest recoveries in our modern history,” she said, referencing the financial damage and stagnation caused by the coronavirus pandemic that shuttered economic systems around the world. “Our plans worked” she added.
The Treasury Department is responsible for managing a new $7,500 electric vehicle tax credit for qualifying, but the auto industry is warning that the vast majority of EV purchases won’t qualify for that much.
The European Union and other nations have threatened to file complaints at the World Trade Organization over the tax credit, claiming it would discriminate against foreign producers and break WTO rules.
Yellen has more stops planned and will give a speech next month at the 157th anniversary of the Freedman’s Bank Forum to talk about how President Joe Biden’s economic agenda “advances equity and makes our economy stronger as a result.”
Biden is set to visit Ohio on Friday for the groundbreaking of an Intel semiconductor manufacturing facility and go to the Detroit auto show Wednesday to talk about manufacturing electric vehicles.
At the Ford electric vehicle assembly plant in Dearborn, Yellen pointed to U.S. vulnerability to global supply shocks caused by climate change and other factors, and the need to embrace green technology. Addressing those challenges, she said, offers the prospects of new jobs.
“This includes the U.S. clean vehicle sector, where we can expect greater investment — and more good jobs, like the ones here at Ford — as we develop the supply chain here at home,” she said.
___
Follow AP for full coverage of the midterms at https://apnews.com/hub/2022-midterm-elections and on Twitter, https://twitter.com/ap_politics
Copyright 2022 The Associated Press. All rights reserved.
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https://www.mysuncoast.com/2022/09/08/yellen-pushes-biden-economic-plans-battleground-michigan/
| 2022-09-08T21:17:24Z
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Drug-sniffing K-9s alert police to 400 pounds of meth in man’s storage unit, officials say
ST. LOUIS (KMOV/Gray News) – A Missouri man has been indicted by a grand jury after authorities made the largest meth seizure in the St. Louis DEA division’s history.
Police said they found nearly 500 pounds of meth valued at more than $1 million in a storage unit rented by Kolby L. Kristiansen, 68.
Drug-sniffing K-9s alerted authorities to Kristiansen’s storage unit on June 29. A federal search warrant was then executed on July 1 at the storage unit. Authorities found three plastic containers containing suspected methamphetamine, charging documents say.
The containers weighed a total of 476 pounds, including the suspected meth and packaging materials.
Kristiansen was charged with possession of meth with the intent to sell.
Michael A. Davis, special agent in charge of DEA’s St. Louis Division, said in a press release the seized drugs are valued at more than $1 million. That makes it the largest meth seizure in the St. Louis DEA division’s history.
Kristiansen was recently released from federal prison after serving time for similar charges back in 2014. A mugshot of Kristiansen was not immediately available.
Copyright 2022 KMOV via Gray Media Group, Inc. All rights reserved.
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https://www.mysuncoast.com/2022/07/14/drug-sniffing-k-9s-alert-police-400-pounds-meth-mans-storage-unit-officials-say/
| 2022-07-14T15:56:56Z
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NEW YORK, May 17, 2022 /PRNewswire/ -- BNY Mellon will report financial results for the second quarter 2022 on Friday, July 15, 2022. Materials will be posted to BNY Mellon's website at approximately 6:30 a.m. ET, and management will host a conference call and simultaneous live audio webcast at 8 a.m. ET that same day. This conference call and audio webcast will include forward-looking statements and may include other material information.
Conference Call and Audio Webcast Access
Investors and analysts wishing to access the conference call and audio webcast may do so by dialing +1 800-390-5696 (U.S.) or +1 720-452-9082 (International), and using the passcode: 200200, or by logging onto www.bnymellon.com/investorrelations. The company's earnings release along with the quarterly financial highlights and other earnings-related documents will be available at www.bnymellon.com/investorrelations beginning at approximately 6:30 a.m. ET on July 15, 2022.
Conference Call and Audio Webcast Replays
Replays of the second quarter conference call and audio webcast will be available beginning on July 15, 2022, at approximately 2 p.m. ET through August 15, 2022, by dialing +1 888-203-1112 (U.S.) or +1 719-457-0820 (International) and using the passcode: 5049084. The archived version of the conference call and audio webcast will also be available at www.bnymellon.com/investorrelations for the same time period.
About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of March 31, 2022, BNY Mellon had $45.5 trillion in assets under custody and/or administration, and $2.3 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
Contacts:
Media
Garrett Marquis
+1 949 683 1503
garrett.marquis@bnymellon.com
Analysts
Marius Merz
+1 212 298 1480
marius.merz@bnymellon.com
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SOURCE The Bank of New York Mellon Corporation
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https://www.kxii.com/prnewswire/2022/05/17/bny-mellon-report-second-quarter-2022-results-july-15-2022/
| 2022-05-17T11:46:22Z
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Elon Musk says he is ‘exactly aligned’ with Europe’s sweeping new rules for social media platforms
By Brian Fung, CNN
Elon Musk appeared to endorse a key European law regulating social media on Monday when he appeared in a video with Thierry Breton, a top EU commissioner and digital regulator.
In the video, Breton said he met with Musk to explain the finer points of the Digital Services Act, a forthcoming law that imposes higher content moderation standards on tech platforms.
Asked by Breton whether he felt the DSA “fits pretty well” with how Musk believes platforms should be run, the billionaire Tesla CEO and prospective owner of Twitter said it is “exactly aligned with [what] we’re thinking.”
“Very much agree with — it’s been a great discussion and I really think that — I agree with everything you said, really, I think we’re very much of the same mind and, you know, just anything that my companies can do that would be beneficial to Europe, we want do that,” Musk said in the video.
Musk later replied to Breton’s tweet containing the video, reiterating his positive reflections on the exchange.
“Great meeting! We are very much on the same page,” Musk tweeted.
Despite expressing support for Europe’s new legal requirements, Musk did not appear to be making an expanded new commitment to content moderation. Musk has previously said he wants to open up “free speech” on Twitter by easing its enforcement of content moderation policies, but has also said he plans for the platform to abide by local laws and regulations on speech — and that if citizens wish to apply different rules to platforms, they can do so via their legislatures.
Some experts have warned that such a narrow approach to content moderation — doing just enough to avoid breaking local speech laws but going no further to moderate otherwise objectionable content — could give a boost to authoritarian regimes with a track record of outlawing critical speech.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
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https://localnews8.com/news/2022/05/09/elon-musk-says-he-is-exactly-aligned-with-europes-sweeping-new-rules-for-social-media-platforms/
| 2022-05-10T02:12:33Z
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GLEN ALLEN, Va., Aug. 16, 2022 /PRNewswire/ -- Hamilton Beach Brands Holding Company (NYSE: HBB) announced today that Gregory H. Trepp, President and Chief Executive Officer, and Michelle O. Mosier, Senior Vice President and Chief Financial Officer, will participate in the Midwest IDEAS Investor Conference to be held in Chicago on August 24-25, 2022.
The Company's presentation is scheduled for Wednesday, August 24, 2022, at 10:15 a.m. Central Time. The presentation will be webcast and can be accessed through the Investor Relations section of the Company's website at www.hamiltonbeachbrands.com or through the conference host's main website: https://www.threepartadvisors.com/midwest.
About Hamilton Beach Brands Holding Company
Hamilton Beach Brands Holding Company operates through its wholly owned subsidiary Hamilton Beach Brands, Inc., a leading designer, marketer, and distributor of a wide range of branded small electric household and specialty housewares appliances, as well as commercial products for restaurants, fast food chains, bars, and hotels. The Company's owned consumer brands include Hamilton Beach®, Proctor Silex®, Hamilton Beach Professional®, Weston®, TrueAir®, Brightline® and Hamilton Beach Health®. The Company's owned commercial brands include Hamilton Beach Commercial® and Proctor Silex Commercial®. Hamilton Beach Brands licenses the brands for Wolf Gourmet® countertop appliances, CHI® premium garment care products, Clorox® air purifiers, and Brita® countertop water appliances. Hamilton Beach Brands markets and distributes the Bartesian® premium cocktail delivery system through an exclusive multiyear agreement. Hamilton Beach Brands has entered the home medical market through a multiyear agreement with HealthBeacon plc and is the exclusive marketer and distributor of a smart Injection Care Management System in the U.S. and Canada under the new brand name Hamilton Beach Health®. For more information about Hamilton Beach Brands Holding Company, visit hamiltonbeachbrands.com.
About IDEAS Investor Conferences
IDEAS Investor Conferences are sponsored by a group of buyside companies for the benefit of regional investment communities. The IDEAS Investor Conferences are held annually in Boston, Chicago and Dallas, and are produced by Three Part Advisors, LLC. Additional information about the events can be located at www.IDEASconferences.com.
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https://www.mysuncoast.com/prnewswire/2022/08/16/hamilton-beach-brands-holding-company-participate-midwest-ideas-investor-conference/
| 2022-08-16T11:59:19Z
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First Mortgage Default Rate at Highest Since September 2020
NEW YORK, Aug. 16, 2022 /PRNewswire/ -- S&P Dow Jones Indices and Experian released today data through July 2022 for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that the composite rate rose four basis points to 0.57%. The bank card default rate fell 11 basis points to 2.44%. The auto loan default rate was four basis points higher at 0.66% while the first mortgage default rate was up four basis points to 0.42%.
Four of the five major metropolitan statistical areas ("MSAs") showed higher default rates compared to last month. Miami had the largest increase, up 14 basis points to 1.13%. Chicago rose nine basis points to 0.67%. Los Angeles was six basis points higher, at 0.52%, while Dallas increased five basis points to 0.62%. New York dropped six basis points to 0.65%.
The table below summarizes the July 2022 results for the S&P/Experian Consumer Credit Default Indices. These data are not seasonally adjusted and are not subject to revision.
The table below provides the index levels for the five major MSAs tracked by the S&P/Experian Consumer Credit Default Indices.
For more information about S&P Dow Jones Indices, please visit www.spglobal.com/spdji/en/.
ABOUT THE S&P/EXPERIAN CONSUMER CREDIT DEFAULT INDICES
Jointly developed by S&P Dow Jones Indices LLC and Experian, the S&P/Experian Consumer Credit Default Indices are published on the third Tuesday of each month at 9:00 am ET. They are constructed to track the default experience of consumer balances in four key loan categories: auto, bankcard, first mortgage lien and second mortgage lien. The Indices are calculated based on data extracted from Experian's consumer credit database. This database is populated with individual consumer loan and payment data submitted by lenders to Experian every month. Experian's base of data contributors includes leading banks and mortgage companies, and covers approximately $11 trillion in outstanding loans sourced from 11,500 lenders.
For more information, please visit: www.spindices.com/indices/indicators/sp-experian-consumer-credit-default-composite-index.
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 across the spectrum of asset classes helping to 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/en/.
ABOUT EXPERIAN
Experian is the world's leading global information services company. During life's big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime.
We have 20,600 people operating across 43 countries and every day we're investing in new technologies, talented people, and innovation to help all our clients maximise every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.
Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.
Experian and the Experian trademarks used herein are trademarks or registered trademarks of Experian. Other product or company names mentioned herein are the property of their respective owners.
FOR MORE INFORMATION:
spdji.comms@spglobal.com
April Kabahar
Head of Communications
S&P Dow Jones Indices
New York, USA
(+1) 917 796 3121
april.kabahar@spglobal.com
Lauren Davis
Americas Communications
S&P Dow Jones Indices
New York, USA
(+1) 484 269 7118
lauren.davis@spglobal.com
Annie Russell
Experian Public Relations
(+1) 714 830 7927
annie.russell@experian.com
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SOURCE S&P Dow Jones Indices
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https://www.mysuncoast.com/prnewswire/2022/08/16/samppexperian-consumer-credit-default-indices-show-eighth-consecutive-rise-composite-rate-july-2022/
| 2022-08-16T16:39:52Z
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OKLAHOMA CITY (KFOR) — A man climbed the Devon Tower in Oklahoma City Tuesday morning as an anti–abortion protest.
Once at the top he was met by first responders and police.
During a stream on his Instagram he calls himself the ‘pro-live Spider Man.
His name is Maison Des Champs and he is no stranger to climbing buildings.
According to his public relations firm in the last month he has scaled other skyscrapers in major U.S. cities including the Salesforce Tower in San Francisco, the New York Times Building.
He didn’t use any climbing gear only chalk for his hands as he scaled the 50 story building in downtown Oklahoma City.
He reached the top where officials were waiting for him and took him into custody.
He face possible charges of trespassing and disorderly conduct.
Meteorologist Emily Sutton says winds near the top of the building were around 35-40 mph.
The Devon Tower has 50 floors and is the tallest building in Oklahoma.
On his website, ProLifeSpiderMan.com he says he grew up in Michigan and has a love of climbing.
He claims in 2021 he climbed the 600ft Aria Hotel to protest Nevada’s Covid-19 Mandates.
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https://cw33.com/news/man-climbed-the-oklahoma-city-devon-tower-as-anti-abortion-protest/
| 2022-06-14T17:21:13Z
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Second quarter 2022 comparable systemwide constant dollar RevPAR increased 70.6 percent worldwide, 66.1 percent in the U.S. & Canada , and 87.8 percent in international markets, compared to the 2021 second quarter; Second quarter 2022 comparable systemwide constant dollar RevPAR declined 2.9 percent worldwide and 14.1 percent in international markets, while RevPAR increased 1.3 percent in the U.S. & Canada , compared to the 2019 second quarter; Second quarter reported diluted EPS totaled $2.06 , compared to reported diluted EPS of $1.28 in the year-ago quarter. Second quarter adjusted diluted EPS totaled $1.80 , compared to second quarter 2021 adjusted diluted EPS of $0.79 ; Second quarter reported net income totaled $678 million , compared to reported net income of $422 million in the year-ago quarter. Second quarter adjusted net income totaled $593 million , compared to second quarter 2021 adjusted net income of $260 million ; Adjusted EBITDA totaled $1,019 million in the 2022 second quarter, compared to second quarter 2021 adjusted EBITDA of $558 million ; The company added roughly 17,000 rooms globally during the second quarter, including approximately 9,200 rooms in international markets and nearly 4,400 conversion rooms; At quarter end, Marriott's worldwide development pipeline totaled nearly 2,950 properties and more than 495,000 rooms, including roughly 27,400 rooms approved, but not yet subject to signed contracts. Approximately 203,300 rooms in the pipeline were under construction as of the end of the 2022 second quarter; Marriott resumed share repurchases in the second quarter, repurchasing 1.9 million shares of the company's common stock for $300 million . Year-to-date through July 29 , the company has repurchased 2.9 million shares for $448 million . BETHESDA, Md. , Aug. 2, 2022 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) today reported second quarter 2022 results.
Marriott International, Inc. logo (PRNewsfoto/Marriott International, Inc.)(PRNewswire) Anthony Capuano , Chief Executive Officer, said, "Marriott's second quarter results highlight consumers' love for travel. We reported outstanding results, as momentum in global lodging recovery continued. With demand increasing across all customer segments throughout the quarter, and nearly all countries easing travel restrictions, worldwide RevPAR1 surpassed 2019 levels in June. Second quarter average daily rate was robust, at 7 percent above 2019 levels, and worldwide occupancy reached 68 percent.
"In the U.S. & Canada , June RevPAR increased 3 percent compared to 2019. Among customer segments, group RevPAR saw the most meaningful acceleration in the second quarter, down just 1 percent to 2019 in June, compared to down nearly 30 percent in the first quarter. We have not seen signs of leisure travel abating, with leisure roomnights in the region more than 15 percent higher than second quarter 2019, and ADR meaningfully outpacing pre-pandemic levels. Europe also experienced notably strong RevPAR recovery, in large part due to the return of international visitors, with June RevPAR exceeding 2019.
"Marriott Bonvoy hit 169 million members by quarter's end. As our loyal guests get back on the road, penetration in the U.S. stood at 59 percent in the second quarter, topping 2019. Members are increasingly engaging with us during and outside of hotel stays. Second quarter co-brand credit card fees increased nearly 40 percent year over year, driven by continued strength in global cardholder acquisitions and cardholder spend, both of which achieved record levels in the quarter.
"On the development front, signing activity has accelerated in 2022, setting a second quarter record. We signed 23,000 rooms around the world in the second quarter, nearly 30 percent of which were conversions from competitor brands. Conversions continue to be a meaningful growth driver, comprising roughly 25 percent of room additions in the quarter.
"I am proud of the remarkable work our team has accomplished since the beginning of the pandemic. This has been the most challenging period in our company's history, but the resiliency of our associates and our business model have never been more evident. With our robust cash flow and profits, we resumed share repurchases during the second quarter, in addition to paying a cash dividend. Looking ahead, we are optimistic about our financial outlook and strong cash generation and expect to return more than $2.2 billion to shareholders through dividends and share repurchases in 2022."
Second Quarter 2022 Results
Marriott's reported operating income totaled $950 million in the 2022 second quarter, compared to 2021 second quarter reported operating income of $486 million . Reported net income totaled $678 million in the 2022 second quarter, compared to 2021 second quarter reported net income of $422 million . Reported diluted earnings per share (EPS) totaled $2.06 in the quarter, compared to reported diluted EPS of $1.28 in the year-ago quarter.
Adjusted operating income in the 2022 second quarter totaled $857 million , compared to 2021 second quarter adjusted operating income of $406 million .
Second quarter 2022 adjusted net income totaled $593 million , compared to 2021 second quarter adjusted net income of $260 million . Adjusted diluted EPS in the 2022 second quarter totaled $1.80 , compared to adjusted diluted EPS of $0.79 in the year-ago quarter. The 2022 second quarter adjusted results excluded $11 million after-tax ($0.03 per share) of gains on investees' property sales and a $2 million after-tax ($0.01 per share) gain on an asset disposition. The 2021 second quarter adjusted results excluded special tax items of $98 million ($0.30 per share).
Adjusted results also excluded cost reimbursement revenue, reimbursed expenses and restructuring, merger-related charges, and other expenses. See pages A-3 and A-12 for the calculation of adjusted results and the manner in which the adjusted measures are determined in this press release.
Base management and franchise fees totaled $938 million in the 2022 second quarter, compared to base management and franchise fees of $587 million in the year-ago quarter. The year-over-year increase in these fees is primarily attributable to RevPAR increases due to the ongoing recovery in lodging demand, as well as unit growth. Other non-RevPAR related franchise fees in the 2022 second quarter totaled $204 million , compared to $160 million in the year-ago quarter, aided by $40 million of higher credit card branding fees.
Incentive management fees totaled $135 million in the 2022 second quarter, compared to $55 million in the 2021 second quarter. More than one half of the incentive management fees recognized in the quarter were earned at hotels in the U.S. & Canada.
Owned, leased, and other revenue, net of direct expenses, totaled $83 million in the 2022 second quarter, compared to $19 million in the year-ago quarter. The $64 million increase in revenue net of expenses year over year largely reflects the ongoing recovery in lodging demand.
General, administrative, and other expenses for the 2022 second quarter totaled $231 million , compared to $187 million in the year-ago quarter. The year-over-year increase primarily reflects higher incentive compensation.
Interest expense, net, totaled $89 million in the second quarter compared to $102 million in the year-ago quarter. The decrease is largely due to lower interest expense associated with lower debt balances.
Equity in earnings/losses for the second quarter totaled $15 million of earnings, compared to an $8 million loss in the year-ago quarter. The improvement largely reflects $13 million of gains on joint ventures' sales of hotels and improved results at joint venture properties due to the ongoing recovery in lodging demand.
Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) totaled $1,019 million in the 2022 second quarter, compared to second quarter 2021 adjusted EBITDA of $558 million . See page A-12 for the adjusted EBITDA calculation.
Selected Performance Information
The company added 97 properties (16,917 rooms) to its worldwide lodging portfolio during the 2022 second quarter, including nearly 4,400 rooms converted from competitor brands and approximately 9,200 rooms in international markets. Twenty-five properties (3,661 rooms) exited the system during the quarter. At quarter end, Marriott's global lodging system totaled more than 8,100 properties, with over 1,500,000 rooms.
At quarter end, the company's worldwide development pipeline totaled 2,942 properties with more than 495,000 rooms, including 1,014 properties with approximately 203,300 rooms, or 41 percent of the pipeline, under construction and 197 properties with roughly 27,400 rooms approved for development, but not yet subject to signed contracts.
In the 2022 second quarter, worldwide RevPAR increased 70.6 percent (a 69.1 percent increase using actual dollars) compared to the 2021 second quarter. RevPAR in the U.S. & Canada increased 66.1 percent (a 66.0 percent increase using actual dollars), and RevPAR in international markets increased 87.8 percent (an 80.4 percent increase using actual dollars).
Balance Sheet
At quarter end, Marriott's net debt was $8.3 billion , representing total debt of $8.8 billion less cash and cash equivalents of $0.5 billion . At year-end 2021, the company's net debt was $8.7 billion , representing total debt of $10.1 billion less cash and cash equivalents of $1.4 billion .
Marriott Common Stock
The company repurchased 1.9 million shares of common stock in the 2022 second quarter for $300 million at an average price of $157.38 per share. Year-to-date through July 29 , the company has repurchased 2.9 million shares for $448 million at an average price of $152.99 per share.
2022 Outlook
Third Quarter 2022
vs Third Quarter 2019
Full Year 2022vs Full Year 2019
Comparable systemwide constant $ RevPAR
Worldwide
flat to +3%
-6% to -3%
U.S. & Canada
+1% to +4%
-3% to flat
International
-3% to flat
-13% to -10%
Year-End 2022vs Year-End 2021
Gross Rooms Growth
Approaching 5%
Deletions1
1.5% to 2%
Net rooms growth
3% to 3.5%
($ in millions, except EPS)
Third Quarter 2022
Full Year 2022
Gross fee revenues
$1,010 to $1,050
$3,930 to $4,030
Owned, leased, and other revenue, net of direct expenses
Approx. $60
Approx. $285
General, administrative, and other expenses2
$235 to $230
$900 to $890
Adjusted EBITDA3,4
$927 to $972
$3,682 to $3,792
Adjusted EPS - diluted4,5
$1.59 to $1.69
$6.33 to $6.59
Investment spending6
$600 to $650
Capital return to shareholders 7
More than $2,200
1 The increase in expected deletions compared to the company's prior expectation is due to the company's suspension of its operations in Russia.
2 The change in expected expense compared to the company's prior expectation primarily reflects an increase in incentive compensation.
3 See pages A-13 & A-14 for the adjusted EBITDA calculation.
4 Adjusted EBITDA and Adjusted EPS – diluted for third quarter and full year 2022 do not include cost reimbursement revenue, reimbursed expenses, or restructuring, merger-related charges, and other expenses, which the company cannot accurately forecast, and which may be significant, and do not reflect any asset sales that may occur during the remainder of the year. Adjusted EPS – diluted for full year 2022 excludes impairments, gains on investees' property sales, and gains on asset dispositions reported in the first half of 2022. See page A-3 for the Adjusted EPS – diluted calculation for the first half of 2022.
5 Assumes the level of capital return to shareholders noted above.
6 Investment spending includes capital and technology expenditures, loan advances, contract acquisition costs, and other investing activities. The decline in expected investment spending compared to the company's prior expectation reflects lower maintenance capital spending.
7 Assumes the level of investment spending noted above and no asset sales that may occur during the remainder of the year.
Marriott International, Inc. (NASDAQ: MAR) will conduct its quarterly earnings review for the investment community and news media on Tuesday, August 2, 2022 , at 8:30 a.m. Eastern Time (ET). The conference call will be webcast simultaneously via Marriott's investor relations website at http://www.marriott.com/investor , click on "Events & Presentations" and click on the quarterly conference call link. A replay will be available at that same website until August 2, 2023 .
The telephone dial-in number for the conference call is US Toll Free: 800-891-3968, or Global: +1 785-424-1675. The conference ID is MAR2Q22. A telephone replay of the conference call will be available from 1:00 p.m. ET , Tuesday, August 2, 2022 , until 8:00 p.m. ET , Tuesday, August 9 , 2022. To access the replay, call US Toll Free: 800-753-8831 or Global: +1 402-220-0687.
Note on forward-looking statements: All statements in this press release and the accompanying schedules are made as of August 2, 2022 . We undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. This press release and the accompanying schedules contain "forward-looking statements" within the meaning of federal securities laws, including statements related to the possible effects on our business of the COVID-19 pandemic (COVID-19); our RevPAR, rooms growth and other financial metric estimates, outlook and assumptions; travel and lodging demand trends and expectations; occupancy, ADR and RevPAR recovery trends and expectations; future performance of the company's hotels; our development pipeline, signings, rooms growth, deletions and conversions; our investment spending and capital return expectations; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we identify in our Securities and Exchange Commission filings, including our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release.
Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland , USA, and encompasses a portfolio of more than 8,100 properties under 30 leading brands spanning 139 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly-awarded travel program. For more information, please visit our website at www.marriott.com , and for the latest company news, visit www.marriottnewscenter.com . In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram .
Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at www.marriott.com/investor or Marriott's news center website at www.marriottnewscenter.com , which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the SEC, and any references to the websites are intended to be inactive textual references only.
1 All occupancy, Average Daily Rate (ADR) and RevPAR statistics and estimates are systemwide constant dollar and include hotels that have been temporarily closed due to COVID-19. Unless otherwise stated, all changes refer to year-over-year changes for the comparable period. Occupancy, ADR and RevPAR comparisons between 2022 and 2021 reflect properties that are comparable in both years. Occupancy, ADR and RevPAR comparisons between 2022 and 2019 reflect properties that are defined as comparable as of June 30, 2022, even if they were not open and operating for the full year 2019 or they did not meet all the other criteria for comparable in 2019. Unless otherwise stated, all comparison to pre-pandemic or 2019 are comparing to the same time period each year.
IRPR#1
Tables follow
MARRIOTT INTERNATIONAL, INC.
PRESS RELEASE SCHEDULES
TABLE OF CONTENTS
QUARTER 2, 2022
Consolidated Statements of Income - As Reported
A-1
Non-GAAP Financial Measures
A-3
Total Lodging Products
A-4
Key Lodging Statistics
A-7
Adjusted EBITDA
A-12
Adjusted EBITDA Forecast - Third Quarter 2022
A-13
Adjusted EBITDA Forecast - Full Year 2022
A-14
Explanation of Non-GAAP Financial and Performance Measures
A-15
MARRIOTT INTERNATIONAL, INC.
CONSOLIDATED STATEMENTS OF INCOME - AS REPORTED
SECOND QUARTER 2022 AND 2021
(in millions except per share amounts, unaudited)
As Reported
As Reported
Percent
Three Months Ended
Three Months Ended
Better/(Worse)
June 30, 2022
June 30, 2021
Reported 2022 vs. 2021
REVENUES
Base management fees
$ 269
$ 156
72
Franchise fees 1
669
431
55
Incentive management fees
135
55
145
Gross Fee Revenues
1,073
642
67
Contract investment amortization 2
(19)
(18)
(6)
Net Fee Revenues
1,054
624
69
Owned, leased, and other revenue 3
364
187
95
Cost reimbursement revenue 4
3,920
2,338
68
Total Revenues
5,338
3,149
70
OPERATING COSTS AND EXPENSES
Owned, leased, and other - direct 5
281
168
(67)
Depreciation, amortization, and other 6
49
50
2
General, administrative, and other 7
231
187
(24)
Restructuring, merger-related charges, and other
-
3
100
Reimbursed expenses 4
3,827
2,255
(70)
Total Expenses
4,388
2,663
(65)
OPERATING INCOME
950
486
95
Gains and other income, net 8
2
5
(60)
Interest expense
(95)
(109)
13
Interest income
6
7
(14)
Equity in earnings (losses) 9
15
(8)
288
INCOME BEFORE INCOME TAXES
878
381
130
(Provision) benefit for income taxes
(200)
41
(588)
NET INCOME
$ 678
$ 422
61
EARNINGS PER SHARE
Earnings per share - basic
$ 2.06
$ 1.29
60
Earnings per share - diluted
$ 2.06
$ 1.28
61
Basic Shares
328.2
327.1
Diluted Shares
329.5
329.1
1
Franchise fees include fees from our franchise agreements, application and relicensing fees, licensing fees from our timeshare, credit card programs, and
residential branding fees.
2
Contract investment amortization includes amortization of capitalized costs to obtain contracts with our owner and franchisee customers, and any related
impairments, accelerations, or write-offs.
3
Owned, leased, and other revenue includes revenue from the properties we own or lease, termination fees, and other revenue.
4
Cost reimbursement revenue includes reimbursements from properties for property-level and centralized programs and services that we operate for the benefit of
our hotel owners. Reimbursed expenses include costs incurred by Marriott for certain property-level operating expenses and centralized programs and services.
5
Owned, leased, and other - direct expenses include operating expenses related to our owned or leased hotels, including lease payments and pre-opening expenses.
6
Depreciation, amortization, and other expenses include depreciation for fixed assets, amortization of capitalized costs incurred to acquire management, franchise,
and license agreements, and any related impairments, accelerations, or write-offs.
7
General, administrative, and other expenses include our corporate and business segments overhead costs and general expenses.
8
Gains and other income, net includes gains and losses on the sale of real estate, the sale of joint venture interests and other investments, and adjustments from
other equity investments.
9
Equity in earnings (losses) include our equity in earnings or losses of unconsolidated equity method investments.
MARRIOTT INTERNATIONAL, INC.
CONSOLIDATED STATEMENTS OF INCOME - AS REPORTED
SECOND QUARTER YEAR-TO-DATE 2022 AND 2021
(in millions except per share amounts, unaudited)
As Reported
As Reported
Percent
Six Months Ended
Six Months Ended
Better/(Worse)
June 30, 2022
June 30, 2021
Reported 2022 vs. 2021
REVENUES
Base management fees
$ 482
$ 262
84
Franchise fees 1
1,169
737
59
Incentive management fees
237
88
169
Gross Fee Revenues
1,888
1,087
74
Contract investment amortization 2
(43)
(35)
(23)
Net Fee Revenues
1,845
1,052
75
Owned, leased, and other revenue 3
626
295
112
Cost reimbursement revenue 4
7,066
4,118
72
Total Revenues
9,537
5,465
75
OPERATING COSTS AND EXPENSES
Owned, leased, and other - direct 5
478
303
(58)
Depreciation, amortization, and other 6
97
102
5
General, administrative, and other 7
439
398
(10)
Restructuring, merger-related charges, and other
9
4
(125)
Reimbursed expenses 4
7,006
4,088
(71)
Total Expenses
8,029
4,895
(64)
OPERATING INCOME
1,508
570
165
Gains and other income, net 8
6
6
-
Interest expense
(188)
(216)
13
Interest income
11
14
(21)
Equity in earnings (losses) 9
17
(20)
185
INCOME BEFORE INCOME TAXES
1,354
354
282
(Provision) benefit for income taxes
(299)
57
(625)
NET INCOME
$ 1,055
$ 411
157
EARNINGS PER SHARE
Earnings per share - basic
$ 3.21
$ 1.26
155
Earnings per share - diluted
$ 3.20
$ 1.25
156
Basic Shares
328.3
326.9
Diluted Shares
329.8
329.0
1
Franchise fees include fees from our franchise agreements, application and relicensing fees, licensing fees from our timeshare, credit card programs, and
residential branding fees.
2
Contract investment amortization includes amortization of capitalized costs to obtain contracts with our owner and franchisee customers, and any related
impairments, accelerations, or write-offs.
3
Owned, leased, and other revenue includes revenue from the properties we own or lease, termination fees, and other revenue.
4
Cost reimbursement revenue includes reimbursements from properties for property-level and centralized programs and services that we operate for the benefit of
our hotel owners. Reimbursed expenses include costs incurred by Marriott for certain property-level operating expenses and centralized programs and services.
5
Owned, leased, and other - direct expenses include operating expenses related to our owned or leased hotels, including lease payments and pre-opening expenses.
6
Depreciation, amortization, and other expenses include depreciation for fixed assets, amortization of capitalized costs incurred to acquire management, franchise,
and license agreements, and any related impairments, accelerations, or write-offs.
7
General, administrative, and other expenses include our corporate and business segments overhead costs and general expenses.
8
Gains and other income, net includes gains and losses on the sale of real estate, the sale of joint venture interests and other investments, and adjustments from
other equity investments.
9
Equity in earnings (losses) include our equity in earnings or losses of unconsolidated equity method investments.
MARRIOTT INTERNATIONAL, INC.
NON-GAAP FINANCIAL MEASURES
($ in millions except per share amounts)
The following table presents our reconciliations of Adjusted operating income, Adjusted operating income margin, Adjusted net income, and Adjusted diluted earnings per share, to the
most directly comparable GAAP measure. Adjusted total revenues is used in the determination of Adjusted operating income margin.
Three Months Ended
Six Months Ended
Percent
Percent
June 30,
June 30,
Better/
June 30,
June 30,
Better/
2022
2021
(Worse)
2022
2021
(Worse)
Total revenues, as reported
$ 5,338
$ 3,149
$ 9,537
$ 5,465
Less: Cost reimbursement revenue
(3,920)
(2,338)
(7,066)
(4,118)
Add: Impairments 1
-
-
5
Adjusted total revenues **
1,418
811
2,476
1,347
Operating income, as reported
950
486
1,508
570
Less: Cost reimbursement revenue
(3,920)
(2,338)
(7,066)
(4,118)
Add: Reimbursed expenses
3,827
2,255
7,006
4,088
Add: Restructuring, merger-related charges, and other
-
3
9
4
Add: Impairments 1
-
-
5
Adjusted operating income **
857
406
111 %
1,462
544
169 %
Operating income margin
18 %
15 %
16 %
10 %
Adjusted operating income margin **
60 %
50 %
59 %
40 %
Net income, as reported
678
422
1,055
411
Less: Cost reimbursement revenue
(3,920)
(2,338)
(7,066)
(4,118)
Add: Reimbursed expenses
3,827
2,255
7,006
4,088
Add: Restructuring, merger-related charges, and other
-
3
9
4
Add: Impairments 2
-
-
11
4
Less: Gains on investees' property sales 3
(13)
-
(21)
Less: Gain on asset dispositions 4
(2)
-
(2)
-
Income tax effect of above adjustments
23
16
14
3
Less: Income tax special items
-
(98)
-
(98)
Adjusted net income **
$ 593
$ 260
128 %
$ 1,006
$ 294
242 %
Diluted earnings per share, as reported
$ 2.06
$ 1.28
$ 3.20
$ 1.25
Adjusted diluted earnings per share**
$ 1.80
$ 0.79
128 %
$ 3.05
$ 0.89
243 %
**
Denotes non-GAAP financial measures. Please see pages A-15 and A-16 for information about our reasons for providing these alternative financial measures and the
limitations on their use.
1
Six months ended June 30, 2022 includes impairment charges reported in Contract investment amortization of $5 million.
2
Six months ended June 30, 2022 includes impairment charges reported in Contract investment amortization of $5 million and Equity in earnings (losses) of $6 million. Six months
ended June 30, 2021 includes impairment charges reported in Equity in earnings (losses) of $4 million.
3
Gains on investees' property sales reported in Equity in earnings (losses).
4
Gain on asset dispositions reported in Gains and other income, net.
MARRIOTT INTERNATIONAL, INC.
TOTAL LODGING PRODUCTS
As of June 30, 2022
US & Canada
Total International
Total Worldwide
Units
Rooms
Units
Rooms
Units
Rooms
Managed
633
216,227
1,327
337,992
1,960
554,219
Marriott Hotels
108
58,565
189
55,188
297
113,753
Marriott Hotels Serviced Apartments
-
-
1
154
1
154
Sheraton
26
21,338
181
61,338
207
82,676
Courtyard
169
27,259
108
23,421
277
50,680
Westin
40
21,865
76
23,543
116
45,408
JW Marriott
21
12,724
66
24,266
87
36,990
The Ritz-Carlton
38
11,398
68
17,149
106
28,547
The Ritz-Carlton Serviced Apartments
-
-
5
715
5
715
Renaissance
24
10,607
56
17,476
80
28,083
Four Points
1
134
80
22,336
81
22,470
Le Méridien
1
100
70
19,524
71
19,624
W Hotels
22
6,262
38
10,236
60
16,498
W Hotels Serviced Apartments
-
-
1
160
1
160
Residence Inn
76
12,199
9
1,116
85
13,315
St. Regis
10
1,968
39
9,114
49
11,082
St. Regis Serviced Apartments
-
-
1
70
1
70
The Luxury Collection
6
2,296
47
8,269
53
10,565
Aloft
2
505
44
9,735
46
10,240
Gaylord Hotels
6
10,220
-
-
6
10,220
AC Hotels by Marriott
7
1,165
70
8,613
77
9,778
Fairfield by Marriott
6
1,431
59
7,929
65
9,360
Delta Hotels
25
6,770
2
477
27
7,247
Autograph Collection
8
2,508
18
2,579
26
5,087
Marriott Executive Apartments
-
-
34
4,866
34
4,866
SpringHill Suites
25
4,241
-
-
25
4,241
EDITION
4
1,207
10
2,216
14
3,423
Protea Hotels
-
-
27
3,296
27
3,296
Element
2
640
12
2,273
14
2,913
Moxy
-
-
5
887
5
887
TownePlace Suites
6
825
-
-
6
825
Tribute Portfolio
-
-
6
604
6
604
Bulgari
-
-
5
442
5
442
Franchised
5,065
728,380
831
169,136
5,896
897,516
Courtyard
855
113,979
111
20,930
966
134,909
Fairfield by Marriott
1,125
105,858
42
7,093
1,167
112,951
Residence Inn
770
91,959
23
3,155
793
95,114
Marriott Hotels
232
73,751
61
17,791
293
91,542
Sheraton
153
47,828
70
20,238
223
68,066
SpringHill Suites
499
57,771
-
-
499
57,771
TownePlace Suites
475
48,424
-
-
475
48,424
Autograph Collection
135
26,666
99
21,262
234
47,928
Westin
91
30,818
26
7,717
117
38,535
Four Points
157
23,761
62
10,336
219
34,097
Renaissance
62
17,681
30
7,910
92
25,591
Aloft
149
21,411
20
3,265
169
24,676
AC Hotels by Marriott
97
16,004
40
7,422
137
23,426
Moxy
26
4,913
80
15,154
106
20,067
Delta Hotels
60
13,784
11
2,557
71
16,341
The Luxury Collection
12
3,188
55
9,959
67
13,147
Element
75
10,028
2
269
77
10,297
Tribute Portfolio
45
7,019
24
3,020
69
10,039
Le Méridien
24
5,548
17
4,419
41
9,967
JW Marriott
13
6,247
11
2,714
24
8,961
Protea Hotels
-
-
34
2,636
34
2,636
Design Hotels
9
1,313
10
1,062
19
2,375
The Ritz-Carlton
1
429
-
-
1
429
Bulgari
-
-
2
161
2
161
Marriott Executive Apartments
-
-
1
66
1
66
MARRIOTT INTERNATIONAL, INC.
TOTAL LODGING PRODUCTS
As of June 30, 2022
US & Canada
Total International
Total Worldwide
Units
Rooms
Units
Rooms
Units
Rooms
Owned/Leased
26
6,483
38
9,199
64
15,682
Courtyard
19
2,814
4
884
23
3,698
Marriott Hotels
2
1,308
6
2,064
8
3,372
Sheraton
-
-
4
1,830
4
1,830
W Hotels
2
779
2
665
4
1,444
Westin
1
1,073
-
-
1
1,073
Protea Hotels
-
-
5
912
5
912
Renaissance
1
317
2
505
3
822
Autograph Collection1
-
-
6
576
6
576
The Ritz-Carlton
-
-
2
550
2
550
JW Marriott
-
-
1
496
1
496
The Luxury Collection2
-
-
4
417
4
417
Residence Inn
1
192
1
140
2
332
St. Regis
-
-
1
160
1
160
Residences
66
6,935
42
3,691
108
10,626
The Ritz-Carlton Residences
39
4,317
14
1,131
53
5,448
St. Regis Residences
10
1,082
9
1,065
19
2,147
W Residences
10
1,089
6
546
16
1,635
Bulgari Residences
-
-
5
514
5
514
Westin Residences
3
266
1
9
4
275
Marriott Hotels Residences
-
-
2
246
2
246
The Luxury Collection Residences
1
91
3
115
4
206
EDITION Residences
3
90
-
-
3
90
Sheraton Residences
-
-
1
50
1
50
Le Méridien Residences
-
-
1
15
1
15
Timeshare*
72
18,839
20
3,862
92
22,701
Grand Total
5,862
976,864
2,258
523,880
8,120
1,500,744
*Timeshare property and room counts are included on this table in their geographical locations. For external reporting purposes, these counts are captured within "Unallocated corporate and other."
1 Includes five properties acquired when we purchased Elegant Hotels Group in December 2019 which we currently intend to re-brand under the Autograph Collection brand following the completion of planned renovations.
2 Includes two properties acquired when we purchased Elegant Hotels Group in December 2019 which we currently intend to re-brand under The Luxury Collection brand following the completion of planned renovations.
MARRIOTT INTERNATIONAL, INC.
TOTAL LODGING PRODUCTS
As of June 30, 2022
US & Canada
Total International
Total Worldwide
Total Systemwide
Units
Rooms
Units
Rooms
Units
Rooms
Luxury
192
53,167
395
91,130
587
144,297
JW Marriott
34
18,971
78
27,476
112
46,447
The Ritz-Carlton
39
11,827
70
17,699
109
29,526
The Ritz-Carlton Residences
39
4,317
14
1,131
53
5,448
The Ritz-Carlton Serviced Apartments
-
-
5
715
5
715
The Luxury Collection1
18
5,484
106
18,645
124
24,129
The Luxury Collection Residences
1
91
3
115
4
206
W Hotels
24
7,041
40
10,901
64
17,942
W Residences
10
1,089
6
546
16
1,635
W Hotels Serviced Apartments
-
-
1
160
1
160
St. Regis
10
1,968
40
9,274
50
11,242
St. Regis Residences
10
1,082
9
1,065
19
2,147
St. Regis Serviced Apartments
-
-
1
70
1
70
EDITION
4
1,207
10
2,216
14
3,423
EDITION Residences
3
90
-
-
3
90
Bulgari
-
-
7
603
7
603
Bulgari Residences
-
-
5
514
5
514
Full-Service
1,056
359,345
1,005
277,086
2,061
636,431
Marriott Hotels
342
133,624
256
75,043
598
208,667
Marriott Hotels Residences
-
-
2
246
2
246
Marriott Hotels Serviced Apartments
-
-
1
154
1
154
Sheraton
179
69,166
255
83,406
434
152,572
Sheraton Residences
-
-
1
50
1
50
Westin
132
53,756
102
31,260
234
85,016
Westin Residences
3
266
1
9
4
275
Renaissance
87
28,605
88
25,891
175
54,496
Autograph Collection2
143
29,174
123
24,417
266
53,591
Le Méridien
25
5,648
87
23,943
112
29,591
Le Méridien Residences
-
-
1
15
1
15
Delta Hotels
85
20,554
13
3,034
98
23,588
Tribute Portfolio
45
7,019
30
3,624
75
10,643
Gaylord Hotels
6
10,220
-
-
6
10,220
Marriott Executive Apartments
-
-
35
4,932
35
4,932
Design Hotels
9
1,313
10
1,062
19
2,375
Limited-Service
4,542
545,513
838
151,802
5,380
697,315
Courtyard
1,043
144,052
223
45,235
1,266
189,287
Fairfield by Marriott
1,131
107,289
101
15,022
1,232
122,311
Residence Inn
847
104,350
33
4,411
880
108,761
SpringHill Suites
524
62,012
-
-
524
62,012
Four Points
158
23,895
142
32,672
300
56,567
TownePlace Suites
481
49,249
-
-
481
49,249
Aloft
151
21,916
64
13,000
215
34,916
AC Hotels by Marriott
104
17,169
110
16,035
214
33,204
Moxy
26
4,913
85
16,041
111
20,954
Element
77
10,668
14
2,542
91
13,210
Protea Hotels
-
-
66
6,844
66
6,844
Timeshare*
72
18,839
20
3,862
92
22,701
Grand Total
5,862
976,864
2,258
523,880
8,120
1,500,744
*Timeshare property and room counts are included on this table in their geographical locations. For external reporting purposes, these counts are captured within "Unallocated corporate and other."
1 Includes two properties acquired when we purchased Elegant Hotels Group in December 2019 which we currently intend to re-brand under The Luxury Collection brand following the completion of planned renovations.
2 Includes five properties acquired when we purchased Elegant Hotels Group in December 2019 which we currently intend to re-brand under the Autograph Collection brand following the completion of planned renovations.
MARRIOTT INTERNATIONAL, INC.
KEY LODGING STATISTICS
In Constant $
Comparable Company-Operated US & Canada Properties
Three Months Ended June 30, 2022 and June 30, 2021
REVPAR
Occupancy
Average Daily Rate
Brand
2022
vs. 2021
2022
vs. 2021
2022
vs. 2021
JW Marriott
$231.91
85.6 %
72.3 %
24.7 %
pts.
$320.80
22.2 %
The Ritz-Carlton
$362.15
56.9 %
69.9 %
21.0 %
pts.
$517.87
9.8 %
W Hotels
$255.22
91.5 %
70.4 %
27.8 %
pts.
$362.60
15.9 %
Composite US & Canada Luxury1
$302.00
76.2 %
71.5 %
24.9 %
pts.
$422.63
14.9 %
Marriott Hotels
$163.82
145.4 %
71.7 %
31.0 %
pts.
$228.51
39.4 %
Sheraton
$159.10
161.9 %
69.5 %
35.5 %
pts.
$228.90
28.3 %
Westin
$184.25
125.2 %
72.7 %
30.9 %
pts.
$253.54
29.3 %
Composite US & Canada Premium2
$164.67
146.7 %
71.1 %
32.6 %
pts.
$231.45
33.6 %
US & Canada Full-Service3
$194.18
117.6 %
71.2 %
30.9 %
pts.
$272.67
23.0 %
Courtyard
$111.38
69.3 %
70.2 %
12.2 %
pts.
$158.75
40.0 %
Residence Inn
$149.16
45.3 %
80.2 %
8.7 %
pts.
$186.01
29.6 %
Composite US & Canada Limited-Service4
$122.92
63.3 %
73.4 %
12.1 %
pts.
$167.51
36.3 %
US & Canada - All5
$177.42
106.4 %
71.7 %
26.5 %
pts.
$247.36
30.1 %
Comparable Systemwide US & Canada Properties
Three Months Ended June 30, 2022 and June 30, 2021
REVPAR
Occupancy
Average Daily Rate
Brand
2022
vs. 2021
2022
vs. 2021
2022
vs. 2021
JW Marriott
$228.46
82.0 %
73.4 %
24.5 %
pts.
$311.06
21.2 %
The Ritz-Carlton
$358.57
58.6 %
70.0 %
21.5 %
pts.
$512.40
9.9 %
W Hotels
$255.22
91.5 %
70.4 %
27.8 %
pts.
$362.60
15.9 %
Composite US & Canada Luxury1
$287.44
77.4 %
72.0 %
24.8 %
pts.
$399.28
16.3 %
Marriott Hotels
$138.67
103.8 %
68.9 %
24.6 %
pts.
$201.20
30.9 %
Sheraton
$119.85
112.0 %
65.6 %
24.5 %
pts.
$182.65
33.0 %
Westin
$164.16
113.9 %
71.5 %
28.0 %
pts.
$229.44
30.1 %
Composite US & Canada Premium2
$143.42
102.9 %
69.0 %
25.3 %
pts.
$208.00
28.5 %
US & Canada Full-Service3
$160.25
97.0 %
69.3 %
25.2 %
pts.
$231.22
25.2 %
Courtyard
$112.24
52.6 %
72.3 %
11.6 %
pts.
$155.31
28.1 %
Residence Inn
$127.70
33.5 %
79.9 %
6.1 %
pts.
$159.82
23.2 %
Fairfield by Marriott
$93.87
33.9 %
72.9 %
7.4 %
pts.
$128.84
20.3 %
Composite US & Canada Limited-Service4
$110.59
42.5 %
74.6 %
9.0 %
pts.
$148.28
25.3 %
US & Canada - All5
$131.53
66.1 %
72.4 %
15.9 %
pts.
$181.79
29.7 %
1 Includes JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St. Regis, and EDITION.
2 Includes Marriott Hotels, Sheraton, Westin, Renaissance, Autograph Collection, Delta Hotels, and Gaylord Hotels.
Systemwide also includes Le Méridien and Tribute Portfolio.
3 Includes Composite US & Canada Luxury and Composite US & Canada Premium.
4 Includes Courtyard, Residence Inn, Fairfield by Marriott, SpringHill Suites, TownePlace Suites, Four Points, Aloft, Element,
and AC Hotels by Marriott. Systemwide also includes Moxy.
5 Includes US & Canada Full-Service and Composite US & Canada Limited-Service.
MARRIOTT INTERNATIONAL, INC.
KEY LODGING STATISTICS
In Constant $
Comparable Company-Operated International Properties
Three Months Ended June 30, 2022 and June 30, 2021
REVPAR
Occupancy
Average Daily Rate
Region
2022
vs. 2021
2022
vs. 2021
2022
vs. 2021
Greater China
$44.13
-44.9 %
43.1 %
-21.5 %
pts.
$102.42
-17.3 %
Asia Pacific excluding China
$79.22
156.3 %
58.6 %
28.9 %
pts.
$135.16
29.8 %
Caribbean & Latin America
$126.33
76.6 %
60.8 %
20.2 %
pts.
$207.76
17.8 %
Europe
$164.92
357.5 %
69.6 %
46.5 %
pts.
$237.13
51.9 %
Middle East & Africa
$106.13
60.7 %
60.3 %
14.5 %
pts.
$175.94
22.0 %
International - All 1
$91.80
64.4 %
56.2 %
13.4 %
pts.
$163.23
25.1 %
Worldwide 2
$130.20
87.7 %
63.2 %
19.3 %
pts.
$206.07
30.4 %
Comparable Systemwide International Properties
Three Months Ended June 30, 2022 and June 30, 2021
REVPAR
Occupancy
Average Daily Rate
Region
2022
vs. 2021
2022
vs. 2021
2022
vs. 2021
Greater China
$42.08
-43.9 %
41.8 %
-20.9 %
pts.
$100.73
-15.7 %
Asia Pacific excluding China
$79.01
151.5 %
58.9 %
29.1 %
pts.
$134.08
27.5 %
Caribbean & Latin America
$108.21
87.5 %
59.6 %
20.7 %
pts.
$181.57
22.3 %
Europe
$135.51
355.4 %
67.5 %
46.1 %
pts.
$200.79
44.3 %
Middle East & Africa
$99.71
64.1 %
59.9 %
15.4 %
pts.
$166.49
21.9 %
International - All 1
$90.91
87.8 %
57.2 %
18.6 %
pts.
$158.86
26.6 %
Worldwide 2
$119.37
70.6 %
67.8 %
16.7 %
pts.
$175.99
28.6 %
1 Includes Greater China, Asia Pacific excluding China, Caribbean & Latin America, Europe, and Middle East & Africa.
2 Includes US & Canada - All and International - All.
MARRIOTT INTERNATIONAL, INC.
KEY LODGING STATISTICS
In Constant $
Comparable Company-Operated US & Canada Properties
Six Months Ended June 30, 2022 and June 30, 2021
REVPAR
Occupancy
Average Daily Rate
Brand
2022
vs. 2021
2022
vs. 2021
2022
vs. 2021
JW Marriott
$210.91
98.6 %
64.2 %
24.7 %
pts.
$328.50
22.2 %
The Ritz-Carlton
$342.13
77.5 %
63.7 %
22.8 %
pts.
$537.17
14.0 %
W Hotels
$233.95
101.5 %
60.6 %
25.0 %
pts.
$386.22
18.2 %
Composite US & Canada Luxury1
$285.51
92.9 %
64.1 %
25.2 %
pts.
$445.56
17.0 %
Marriott Hotels
$135.90
167.8 %
61.9 %
29.7 %
pts.
$219.52
39.4 %
Sheraton
$138.59
218.6 %
62.1 %
36.4 %
pts.
$223.05
31.7 %
Westin
$154.74
149.7 %
63.4 %
30.2 %
pts.
$244.22
30.5 %
Composite US & Canada Premium2
$137.42
173.9 %
61.4 %
31.2 %
pts.
$223.72
34.9 %
US & Canada Full-Service3
$169.23
137.7 %
62.0 %
29.9 %
pts.
$272.98
23.1 %
Courtyard
$95.11
83.6 %
62.7 %
13.1 %
pts.
$151.78
45.1 %
Residence Inn
$135.35
50.4 %
75.4 %
8.9 %
pts.
$179.43
32.6 %
Composite US & Canada Limited-Service4
$107.75
74.9 %
66.9 %
13.3 %
pts.
$161.10
40.0 %
US & Canada - All5
$154.77
124.5 %
63.1 %
26.0 %
pts.
$245.11
32.1 %
Comparable Systemwide US & Canada Properties
Six Months Ended June 30, 2022 and June 30, 2021
REVPAR
Occupancy
Average Daily Rate
Brand
2022
vs. 2021
2022
vs. 2021
2022
vs. 2021
JW Marriott
$211.32
101.5 %
66.2 %
25.0 %
pts.
$319.19
25.4 %
The Ritz-Carlton
$336.30
79.4 %
63.4 %
23.2 %
pts.
$530.71
13.6 %
W Hotels
$233.95
101.5 %
60.6 %
25.0 %
pts.
$386.22
18.2 %
Composite US & Canada Luxury1
$269.60
95.9 %
64.7 %
25.3 %
pts.
$416.73
19.3 %
Marriott Hotels
$116.53
122.5 %
60.1 %
24.2 %
pts.
$193.86
32.9 %
Sheraton
$101.94
134.8 %
58.0 %
24.2 %
pts.
$175.62
36.9 %
Westin
$140.20
136.7 %
63.1 %
27.7 %
pts.
$222.34
32.6 %
Composite US & Canada Premium2
$121.60
122.7 %
60.4 %
24.8 %
pts.
$201.26
31.2 %
US & Canada Full-Service3
$138.89
116.0 %
60.9 %
24.9 %
pts.
$228.00
27.7 %
Courtyard
$96.01
64.5 %
65.2 %
13.0 %
pts.
$147.35
31.7 %
Residence Inn
$114.57
37.4 %
74.9 %
6.9 %
pts.
$152.99
24.7 %
Fairfield by Marriott
$81.65
45.5 %
66.6 %
10.2 %
pts.
$122.65
23.3 %
Composite US & Canada Limited-Service4
$96.38
51.1 %
68.4 %
10.6 %
pts.
$140.91
27.6 %
US & Canada - All5
$114.31
78.6 %
65.2 %
16.7 %
pts.
$175.20
33.0 %
1 Includes JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St. Regis, and EDITION.
2 Includes Marriott Hotels, Sheraton, Westin, Renaissance, Autograph Collection, Delta Hotels, and Gaylord Hotels.
Systemwide also includes Le Méridien and Tribute Portfolio.
3 Includes Composite US & Canada Luxury and Composite US & Canada Premium.
4 Includes Courtyard, Residence Inn, Fairfield by Marriott, SpringHill Suites, TownePlace Suites, Four Points, Aloft, Element,
and AC Hotels by Marriott. Systemwide also includes Moxy.
5 Includes US & Canada Full-Service and Composite US & Canada Limited-Service.
MARRIOTT INTERNATIONAL, INC.
KEY LODGING STATISTICS
In Constant $
Comparable Company-Operated International Properties
Six Months Ended June 30, 2022 and June 30, 2021
REVPAR
Occupancy
Average Daily Rate
Region
2022
vs. 2021
2022
vs. 2021
2022
vs. 2021
Greater China
$48.79
-29.4 %
42.6 %
-13.8 %
pts.
$114.47
-6.6 %
Asia Pacific excluding China
$68.62
109.4 %
51.8 %
20.4 %
pts.
$132.45
26.9 %
Caribbean & Latin America
$128.74
109.3 %
59.2 %
23.7 %
pts.
$217.38
25.6 %
Europe
$123.50
370.5 %
56.3 %
38.4 %
pts.
$219.54
49.1 %
Middle East & Africa
$117.34
78.9 %
63.2 %
19.0 %
pts.
$185.75
25.1 %
International - All 1
$84.82
68.1 %
52.2 %
13.0 %
pts.
$162.48
26.2 %
Worldwide 2
$116.23
97.8 %
57.1 %
18.8 %
pts.
$203.50
32.5 %
Comparable Systemwide International Properties
Six Months Ended June 30, 2022 and June 30, 2021
REVPAR
Occupancy
Average Daily Rate
Region
2022
vs. 2021
2022
vs. 2021
2022
vs. 2021
Greater China
$46.57
-28.4 %
41.7 %
-13.3 %
pts.
$111.73
-5.5 %
Asia Pacific excluding China
$68.61
104.3 %
52.1 %
20.2 %
pts.
$131.79
24.9 %
Caribbean & Latin America
$104.65
119.2 %
56.4 %
22.7 %
pts.
$185.63
30.8 %
Europe
$99.99
368.1 %
53.4 %
37.0 %
pts.
$187.41
43.8 %
Middle East & Africa
$109.21
81.4 %
62.3 %
19.3 %
pts.
$175.32
25.3 %
International - All 1
$80.95
87.1 %
51.8 %
16.6 %
pts.
$156.40
27.2 %
Worldwide 2
$104.33
80.5 %
61.2 %
16.6 %
pts.
$170.45
31.5 %
1 Includes Greater China, Asia Pacific excluding China, Caribbean & Latin America, Europe, and Middle East & Africa.
2 Includes US & Canada - All and International - All.
MARRIOTT INTERNATIONAL, INC.
KEY LODGING STATISTICS - 2022 vs 2019
In Constant $
Comparable Systemwide Properties1
Three Months Ended June 30, 2022 and June 30, 2019
REVPAR
Occupancy
Average Daily Rate
Region
2022
vs. 2019
2022
vs. 2019
2022
vs. 2019
Greater China
$42.08
-52.2 %
41.8 %
-25.7 %
pts.
$100.73
-22.9 %
Asia Pacific excluding China
$79.01
-21.7 %
58.9 %
-11.0 %
pts.
$134.08
-7.1 %
Caribbean & Latin America
$108.21
12.9 %
59.6 %
-1.6 %
pts.
$181.57
16.0 %
Europe
$135.51
-4.3 %
67.5 %
-9.0 %
pts.
$200.79
8.4 %
Middle East & Africa
$99.71
15.6 %
59.9 %
-3.0 %
pts.
$166.49
21.4 %
International - All2
$90.91
-14.1 %
57.2 %
-11.8 %
pts.
$158.86
3.6 %
US & Canada - All
$131.53
1.3 %
72.4 %
-5.0 %
pts.
$181.79
8.2 %
Worldwide 3
$119.37
-2.9 %
67.8 %
-7.1 %
pts.
$175.99
7.2 %
Comparable Systemwide Properties1
Six Months Ended June 30, 2022 and June 30, 2019
REVPAR
Occupancy
Average Daily Rate
Region
2022
vs. 2019
2022
vs. 2019
2022
vs. 2019
Greater China
$46.57
-47.4 %
41.7 %
-23.7 %
pts.
$111.73
-17.4 %
Asia Pacific excluding China
$68.61
-35.8 %
52.1 %
-18.5 %
pts.
$131.79
-13.0 %
Caribbean & Latin America
$104.65
-1.4 %
56.4 %
-6.4 %
pts.
$185.63
9.9 %
Europe
$99.99
-18.4 %
53.4 %
-16.4 %
pts.
$187.41
6.6 %
Middle East & Africa
$109.21
13.6 %
62.3 %
-3.7 %
pts.
$175.32
20.4 %
International - All2
$80.95
-22.9 %
51.8 %
-15.9 %
pts.
$156.40
0.7 %
US & Canada - All
$114.31
-6.1 %
65.2 %
-8.0 %
pts.
$175.20
5.4 %
Worldwide3
$104.33
-10.8 %
61.2 %
-10.4 %
pts.
$170.45
4.4 %
1 The comparisons between 2022 and 2019 reflect properties that are defined as comparable as of June 30, 2022, even if in 2019 they were not open and operating for the full year or did not meet all the criteria for comparable in 2019.
2 Includes Greater China, Asia Pacific excluding China, Caribbean & Latin America, Europe, and Middle East & Africa.
3 Includes US & Canada - All and International - All.
MARRIOTT INTERNATIONAL, INC.
NON-GAAP FINANCIAL MEASURES
ADJUSTED EBITDA
($ in millions)
Fiscal Year 2022
First Quarter
Second Quarter
Total
Net income, as reported
$ 377
$ 678
$ 1,055
Cost reimbursement revenue
(3,146)
(3,920)
(7,066)
Reimbursed expenses
3,179
3,827
7,006
Interest expense
93
95
188
Interest expense from unconsolidated joint ventures
1
2
3
Provision for income taxes
99
200
299
Depreciation and amortization
48
49
97
Contract investment amortization
24
19
43
Depreciation and amortization classified in reimbursed expenses
26
29
55
Depreciation, amortization, and impairments from unconsolidated joint ventures
13
3
16
Stock-based compensation
44
52
96
Restructuring, merger-related charges, and other
9
-
9
Gains on investees' property sales
(8)
(13)
(21)
Gain on asset dispositions
-
(2)
(2)
Adjusted EBITDA **
$ 759
$ 1,019
$ 1,778
Change from 2021 Adjusted EBITDA **
156 %
83 %
108 %
Fiscal Year 2021
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
Total
Net (loss) income, as reported
$ (11)
$ 422
$ 220
$ 468
$ 1,099
Cost reimbursement revenue
(1,780)
(2,338)
(2,950)
(3,374)
(10,442)
Reimbursed expenses
1,833
2,255
2,917
3,317
10,322
Loss on extinguishment of debt
-
-
164
-
164
Interest expense
107
109
107
97
420
Interest expense from unconsolidated joint ventures
2
1
2
2
7
(Benefit) provision for income taxes
(16)
(41)
58
80
81
Depreciation and amortization
52
50
64
54
220
Contract investment amortization
17
18
21
19
75
Depreciation and amortization classified in reimbursed expenses
28
27
28
28
111
Depreciation, amortization, and impairments from unconsolidated joint ventures
10
9
5
7
31
Stock-based compensation
53
43
43
43
182
Restructuring, merger-related charges, and other
1
3
4
-
8
Adjusted EBITDA **
$ 296
$ 558
$ 683
$ 741
$ 2,278
** Denotes non-GAAP financial measures. Please see pages A-15 and A-16 for information about our reasons for providing these alternative financial measures and the
limitations on their use.
MARRIOTT INTERNATIONAL, INC.
NON-GAAP FINANCIAL MEASURES
ADJUSTED EBITDA FORECAST
THIRD QUARTER 2022
($ in millions)
Range
Estimated Third Quarter 2022
Third Quarter 2021 **
Net income excluding certain items 1
$ 517
$ 551
Interest expense
100
100
Interest expense from unconsolidated joint ventures
1
1
Provision for income taxes
161
172
Depreciation and amortization
45
45
Contract investment amortization
20
20
Depreciation and amortization classified in reimbursed expenses
29
29
Depreciation, amortization, and impairments from unconsolidated joint ventures
5
5
Stock-based compensation
49
49
Adjusted EBITDA **
$ 927
$ 972
$ 683
Increase over 2021 Adjusted EBITDA **
36 %
42 %
**
Denotes non-GAAP financial measures. See pages A-15 and A-16 for information about our reasons for providing these alternative
financial measures and the limitations on their use.
1
Guidance excludes cost reimbursement revenue, reimbursed expenses, and restructuring, merger-related charges, and other expenses, which the
company cannot accurately forecast and which may be significant, except for depreciation and amortization classified in reimbursed expenses, which is
included in the caption "Depreciation and amortization classified in reimbursed expenses" above. Guidance does not reflect any additional asset sales
that may occur during the year.
MARRIOTT INTERNATIONAL, INC.
NON-GAAP FINANCIAL MEASURES
ADJUSTED EBITDA FORECAST
FULL YEAR 2022
($ in millions)
Range
Estimated Full Year 2022
Full Year 2021**
Net income excluding certain items 1
$ 2,076
$ 2,160
Interest expense
390
390
Interest expense from unconsolidated joint ventures
6
6
Provision for income taxes
619
645
Depreciation and amortization
195
195
Contract investment amortization
85
85
Depreciation and amortization classified in reimbursed expenses
113
113
Depreciation, amortization, and impairments from unconsolidated joint ventures
27
27
Stock-based compensation
194
194
Gains on investees' property sales
(21)
(21)
Gain on asset dispositions
(2)
(2)
Adjusted EBITDA **
$ 3,682
$ 3,792
$ 2,278
Increase over 2021 Adjusted EBITDA **
62 %
66 %
**
Denotes non-GAAP financial measures. See pages A-15 and A-16 for information about our reasons for providing these alternative
financial measures and the limitations on their use.
1
Guidance excludes cost reimbursement revenue, reimbursed expenses, and restructuring, merger-related charges, and other expenses, which the
company cannot accurately forecast and which may be significant, except for depreciation and amortization classified in reimbursed expenses, which is
included in the caption "Depreciation and amortization classified in reimbursed expenses" above. Guidance does not reflect any additional asset sales
that may occur during the year.
MARRIOTT INTERNATIONAL, INC.
EXPLANATION OF NON-GAAP FINANCIAL AND PERFORMANCE MEASURES
In our press release and schedules, and on the related conference call, we report certain financial measures that are not required by, or presented in accordance with, United States generally accepted accounting principles ("GAAP"). We discuss the manner in which the non-GAAP measures reported in this press release and schedules are determined and management's reasons for reporting these non-GAAP measures below, and the press release schedules reconcile the most directly comparable GAAP measure to each non-GAAP measure that we refer to. Although management evaluates and presents these non-GAAP measures for the reasons described below, please be aware that these non-GAAP measures have limitations and should not be considered in isolation or as a substitute for revenue, operating income, net income, earnings per share or any other comparable operating measure prescribed by GAAP. In addition, we may calculate and/or present these non-GAAP financial measures differently than measures with the same or similar names that other companies report, and as a result, the non-GAAP measures we report may not be comparable to those reported by others.
Adjusted Operating Income and Adjusted Operating Income Margin. Adjusted operating income and Adjusted operating income margin exclude cost reimbursement revenue, reimbursed expenses, restructuring, merger-related charges, and other expenses, and certain non-cash impairment charges. Adjusted operating income margin reflects Adjusted operating income divided by Adjusted total revenues. We believe that these are meaningful metrics because they allow for period-over-period comparisons of our ongoing operations before these items and for the reasons further described below.
Adjusted Net Income and Adjusted Diluted Earnings Per Share. Adjusted net income and Adjusted diluted earnings per share reflect our net income and diluted earnings per share excluding the impact of cost reimbursement revenue, reimbursed expenses, restructuring, merger-related charges, and other expenses, certain non-cash impairment charges, gains and losses on asset dispositions made by us or by our joint venture investees (when applicable), the income tax effect of these adjustments, and income tax special items. The income tax special items primarily related to the income tax benefit arising from the favorable resolution of pre-acquisition Starwood tax audits in the 2021 second quarter. We calculate the income tax effect of the adjustments using an estimated tax rate applicable to each adjustment. We believe that these measures are meaningful indicators of our performance because they allow for period-over-period comparisons of our ongoing operations before these items and for the reasons further described below.
Adjusted Earnings Before Interest Expense, Taxes, Depreciation and Amortization ("Adjusted EBITDA"). Adjusted EBITDA reflects net income/loss excluding the impact of the following items: cost reimbursement revenue and reimbursed expenses, interest expense, depreciation and amortization (including depreciation and amortization classified in "Reimbursed expenses," as discussed below), certain non-cash impairment charges related to equity investments, benefit (provision) for income taxes, restructuring, merger-related charges, and other expenses, and stock-based compensation expense for all periods presented. When applicable, Adjusted EBITDA also excludes loss on extinguishment of debt and gains and losses on asset dispositions made by us or by our joint venture investees.
In our presentations of Adjusted operating income and Adjusted operating income margin, Adjusted net income and Adjusted diluted earnings per share, and Adjusted EBITDA, we exclude a one-time cost in the 2022 first quarter related to certain property-level adjustments related to compensation, charges incurred under our restructuring plans that we initiated beginning in the 2020 second quarter to achieve cost savings in response to the decline in lodging demand caused by COVID-19, and transition costs associated with the Starwood merger, which we record in the "Restructuring, merger-related charges, and other" caption of our Condensed Consolidated Statements of Income (our "Income Statements"), as well as the loss related to the debt extinguishment in the 2021 third quarter, which we recorded in the "Loss on extinguishment of debt" caption of our prior period Income Statements, to allow for period-over period comparisons of our ongoing operations before the impact of these items. We also exclude non-cash impairment charges (if above a specified threshold) related to our management and franchise contracts (if the impairment is non-routine), leases, equity investments, and other capitalized assets, which we record in the "Contract investment amortization," "Depreciation, amortization, and other," and "Equity in earnings (losses)" captions of our Income Statements to allow for period-over period comparisons of our ongoing operations before the impact of these items. We exclude cost reimbursement revenue and reimbursed expenses, which relate to property-level and centralized programs and services that we operate for the benefit of our hotel owners. We do not operate these programs and services to generate a profit over the long term, and accordingly, when we recover the costs that we incur for these programs and services from our hotel owners, we do not seek a mark-up. For property-level services, our owners typically reimburse us at the same time that we incur expenses. However, for centralized programs and services, our owners may reimburse us before or after we incur expenses, causing timing differences between the costs we incur and the related reimbursement from hotel owners in our operating and net income. Over the long term, these programs and services are not designed to impact our economics, either positively or negatively. Because we do not retain any such profits or losses over time, we exclude the net impact when evaluating period-over-period changes in our operating results.
We believe that Adjusted EBITDA is a meaningful indicator of our operating performance because it permits period-over-period comparisons of our ongoing operations before these items. Our use of Adjusted EBITDA also facilitates comparison with results from other lodging companies because it excludes certain items that can vary widely across different industries or among companies within the same industry. For example, interest expense can be dependent on a company's capital structure, debt levels, and credit ratings. Accordingly, the impact of interest expense on earnings can vary significantly among companies. The tax positions of companies can also vary because of their differing abilities to take advantage of tax benefits and because of the tax policies of the jurisdictions in which they operate. As a result, effective tax rates and provisions for income taxes can vary considerably among companies. Our Adjusted EBITDA also excludes depreciation and amortization expense, which we report under "Depreciation, amortization, and other" as well as depreciation and amortization classified in "Contract investment amortization," "Reimbursed expenses," and "Equity in earnings (losses)" of our Income Statements, because companies utilize productive assets of different ages and use different methods of both acquiring and depreciating productive assets. Depreciation and amortization classified in "Reimbursed expenses" reflects depreciation and amortization of Marriott-owned assets and software, for which we receive cash from owners to reimburse the company for its investments made for the benefit of the system. These differences can result in considerable variability in the relative costs of productive assets and the depreciation and amortization expense among companies. We exclude stock-based compensation expense in all periods presented to address the considerable variability among companies in recording compensation expense because companies use stock-based payment awards differently, both in the type and quantity of awards granted.
MARRIOTT INTERNATIONAL, INC.
EXPLANATION OF NON-GAAP FINANCIAL AND PERFORMANCE MEASURES
RevPAR. In addition to the foregoing non-GAAP financial measures, we present Revenue per Available Room ("RevPAR") as a performance measure. We believe RevPAR is a meaningful indicator of our performance because it measures the period-over-period change in room revenues for comparable properties. RevPAR relates to property level revenue and may not be comparable to similarly titled measures, such as revenues, and should not be viewed as necessarily correlating with our fee revenue. We calculate RevPAR by dividing room sales (recorded in local currency) for comparable properties by room nights available for the period. We do not consider interruptions related to COVID-19 when determining which properties to classify as comparable. The comparisons between 2022 and 2019 reflect properties that are defined as comparable as of June 30, 2022, even if in 2019 they were not open and operating for the full year or did not meet all the other criteria for comparable in 2019. We present growth in comparative RevPAR on a constant dollar basis, which we calculate by applying exchange rates for the current period to each period presented. We believe constant dollar analysis provides valuable information regarding our properties' performance as it removes currency fluctuations from the presentation of such results.
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https://www.mysuncoast.com/prnewswire/2022/08/02/marriott-international-reports-outstanding-second-quarter-2022-results-resumes-share-repurchases/
| 2022-08-02T12:54:00Z
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As primary day approaches, Republicans and Democrats alike go after Mastriano in Pennsylvania governor’s race
By Kyung Lah, CNN
The message was blunt to Pennsylvania Republicans in the closing days before the May 17 primary: Don’t pick someone who can’t win.
As he announced he was dropping out of the GOP gubernatorial race and throwing his support behind former US Rep. Lou Barletta, state Senate President Pro Tempore Jake Corman called the open governor seat “an opportunity.”
“The only way we will not be successful in the fall is if we nominate someone who can’t possibly win,” he said.
That comment was directed at the presumed front-runner for the Republican nomination, state Sen. Doug Mastriano. The clearest sign of Mastriano’s presumed dominance in the primary came Saturday when he earned a last-minute endorsement from former President Donald Trump. Mastriano has been one of the leading peddlers in Pennsylvania of Trump’s lies about the 2020 election.
“He has revealed the Deceit, Corruption, and outright Theft of the 2020 Presidential Election, and will do something about it,” Trump said in a statement Saturday, adding that Mastriano “is a fighter like few others, and has been with me right from the beginning, and now I have an obligation to be with him.”
But Corman’s remarks showcased what’s been an open worry among Republicans — that Mastriano could be too extreme to win a general election in the battleground state.
Swing voters in the heavily populated suburbs of Philadelphia and Pittsburgh have proved decisive in previous elections — a voting bloc that state Senate GOP floor leader Kim Ward said Republicans need to win — and they may not be won over by Mastriano.
“Senator Mastriano has appeal to base Republicans, but I fear the Democrats will destroy him with swing voters,” Ward wrote in a Facebook post this week announcing she was supporting former Delaware County Council member Dan White for governor. “The goal isn’t to win the primary. Winning the primary and losing the general because the candidate is unable to get the votes in the middle isn’t a win. We need a candidate who can win in November.”
Democrats, eager to pounce on Mastriano’s surging status within the crowded Republican field, rolled out a statewide political ad in the closing days of the campaign.
“This is Republican state Sen. Doug Mastriano,” the ad begins. It explains that Mastriano wants to outlaw abortions and end vote by mail and is a strong Trump supporter — all credentials Mastriano wants his base to know, but ones that Democrats think will end up hurting him should he be the GOP contender in November.
The ad is paid for by the campaign of Josh Shapiro, the state attorney general who is running unopposed to be the Democratic nominee for governor.
“I think it’s pretty clear he’s going to be their nominee,” Shapiro told CNN.
It’s a strategy that campaigns across the country have used before — boost the candidate that the opposing side believes would be the weakest challenger in the general election.
Still, in the final days before the Pennsylvania primary, Mastriano stood before supporters in Western Pennsylvania and proudly asserted that he was the “most conservative candidate” running for the Republican gubernatorial nomination.
Mastriano’s campaign has declined repeated requests for an interview or access to campaign events.
Mastriano, a retired US Army colonel who has served in the state Senate since 2019, shot to national prominence in 2020, baselessly raising doubts about Pennsylvania’s presidential election results. Despite the vote count showing Trump lost the state by more than 80,000 votes and no evidence presented of widespread voter fraud, Mastriano attempted, but failed, to launch an Arizona-style partisan audit of the 2020 ballots.
Mastriano was also pictured outside the US Capitol on January 6, 2021, the day of the insurrection there. In a statement, he said he left before rioters stormed the Capitol.
Emphasizing voting and abortion rights
On the Democratic side, Shapiro managed to clear the field of any significant competition, with strong party support.
Like Mastriano, the two-term state attorney general also rose to national prominence in 2020, defending Pennsylvania’s presidential election result. Shapiro faced off with the Trump campaign and its allies dozens of times in court, winning nearly every single case brought against the state.
“The next governor here in Pennsylvania, the ultimate swing state, the epicenter of the battle to protect our democracy, is going to have a lot to say about the future of democracy,” Shapiro told CNN, noting that the governor would appoint the top elections official in the commonwealth.
In the closing arguments of his campaign, Shapiro is emphasizing not just voting, but also abortion rights. It’s an issue that Democrats believe that in the wake of the leaked US Supreme Court draft opinion will energize the very swing voters Republicans are worried about should Mastriano become their nominee — suburban women.
In Philadelphia earlier this month, Shapiro rallied with supporters of abortion access, casting Mastriano as “an extremist.”
“I’m running against a bunch of extremists on the other side that want to take away Pennsylvania’s fundamental freedoms, and I will stand up to that,” Shapiro told CNN in an interview.
He then narrowed in on Mastriano
“I’m someone who wants to protect a woman’s right to choose. He will ban abortion. I’m someone who wants to expand voting rights in Pennsylvania. He’s looking to restrict them,” Shapiro said. “We think it’s important that the people of Pennsylvania … know that there’s a clear contrast between he and I.”
That’s a contrast Mastriano proudly proclaimed at his rally in Uniontown, Pennsylvania.
“That’s somebody else’s body,” Mastriano said before a crowd waving signs with his name. “And that somebody, boy or girl, deserves every sort of right to life as anyone in this room here.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
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https://localnews8.com/politics/cnn-us-politics/2022/05/14/as-primary-day-approaches-republicans-and-democrats-alike-go-after-mastriano-in-pennsylvania-governors-race/
| 2022-05-14T17:19:41Z
|
NEW YORK (AP) — A germ that causes a rare and sometimes deadly disease — long thought to be confined to tropical climates — has been found in soil and water in the continental United States, U.S. health officials said Wednesday.
The bacteria was found on the property of a Mississippi man who had come down with the disease, melioidosis. Officials don’t know how long it had been there, but they say it likely is occurring in other areas along the Gulf Coast.
U.S. physicians should consider melioidosis even in patients who haven’t traveled to other countries, the Centers for Disease Control and Prevention said in a health alert.
“Once it’s in the soil, it can be a health threat for people in the area,” said the CDC’s Julia Petras, who oversaw the investigation.
The illness can start with a wide range of symptoms like fever, joint pain and headaches. It’s treatable with the right antibiotics if it’s caught early, but it can lead to pneumonia, blood infections and even death if not properly treated.
About 12 cases are reported annually in the U.S. The vast majority have been in people who traveled to places where the bacteria is endemic, including certain regions of Australia, Thailand, and Central and South America.
People can get the illness through direct contact with contaminated soil and water, especially if they have a cut on their hand or foot. It is also possible to inhale the bacteria.
The bacteria may not bother healthy people. But it can be dangerous to those with diabetes, chronic kidney or lung disease and weakened immune systems.
Last year, four people came down with the disease even though none had traveled internationally. Officials blamed their illnesses on a contaminated aromatherapy spray imported from India.
The new findings explain two Mississippi cases in men who hadn’t traveled internationally, officials said. One got melioidosis in 2020 and the other, who lives about 10 miles away, got it this year. Both have recovered.
Health officials didn’t say exactly where in Mississippi the men live, but investigators took 109 soil and water samples from the area. The bacteria was found in three spots — two in soil and one in a puddle — on the property of the man who was sickened two years ago.
Finding the bacteria in U.S. soil is significant, but not surprising. Investigators have long believed that local soil contamination was behind infections in Texas’s Atascosa County in 2004 and 2018, CDC officials said.
|
https://cw33.com/news/nexstar-media-wire/bacteria-that-causes-a-rare-tropical-disease-found-in-us-soil-for-the-first-time/
| 2022-07-28T14:36:44Z
|
US consumers more confident in August as gas prices dip
WASHINGTON (AP) — Following three straight monthly declines, U.S. consumer confidence rebounded in August as inflation moderated and gas prices fell.
The Conference Board said Tuesday that its consumer confidence index rose in August to 103.2 from 95.3 in July.
The business research group’s present situation index — which measures consumers’ assessment of current business and labor market conditions — rose for the first time since March, to 145.4 from 139.7 in July.
The board’s expectations index — a measure of consumers’ six-month outlook for income, business and labor conditions — rose from 65.6 last month to 75.1 in August.
Analysts surveyed by data provider FactSet had expected consumer confidence to rise slightly as gas prices have fallen in recent weeks. AAA motor club says the average price for a gallon of gas in the U.S. dipped to $3.85 on Tuesday from more than $5 per gallon in mid-June.
Although inflation appears to have moderated recently, the cost for most things remain much higher than they were a year ago. The government reported earlier this month that consumer prices jumped 8.5% in July compared with a year earlier, down from a 9.1% year-over-year increase in June. Inflation was unchanged from June to July, the first time that has happened after 25 months of increases.
Since March, the Federal Reserve has implemented its fastest pace of rate increases in decades to try to curb four-decade high inflation, which has punished households with soaring costs for food, gas, rent and other necessities. The central bank has lifted its benchmark rate by 2 full percentage points in just four meetings, to a range of 2.25% to 2.5%.
Last week at an annual economic symposium in Jackson Hole, Wyoming, Federal Reserve Chair Jerome Powell said the the U.S. central bank will likely need to keep interest rates high enough to slow the economy “for some time” in order to tame the worst inflation in 40 years. Powell has acknowledged the increases will hurt U.S. households and businesses, but also said the pain would be far greater if inflation were allowed to fester and that “we must keep at it until the job is done.”
“Looking ahead, August’s improvement in confidence may help support spending, but inflation and additional rate hikes still pose risks to economic growth in the short term,” said Lynn Franco, the Conference Board’s senior director of economic indicators.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wibw.com/2022/08/30/us-consumers-more-confident-august-gas-prices-dip/
| 2022-08-30T15:51:29Z
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Firefighters are battling an estimated 10-acre grass fire that ignited in a West Temple field Saturday afternoon.
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| 2022-08-06T22:23:44Z
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Did you lose money on investments in Unilever? If so, please visit Unilever PLC Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.
NEW YORK, June 24, 2022 /PRNewswire/ -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the American Depositary Receipts ("ADRs") of Unilever PLC ("Unilever" or the "Company") (NYSE: UL) between September 2, 2020 and July 21, 2021, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the Southern District of New York and alleges violations of the Securities Exchange Act of 1934.
Unilever is a British multinational consumer goods company which sells more than 400 products in over 190 countries, including Ben & Jerry's ice cream, which they acquired in 2000. In an attempt to preserve Ben & Jerry's longstanding "Social Mission," Unilever's acquisition of Ben & Jerry's included allowing for an independent board of directors, which was given primary responsibility for preserving and enhancing the objectives of the company's Social Mission (the "B&J Board").
More than 20 years after the acquisition, Ben & Jerry's remains a wholly owned subsidiary of Unilever with an independent board addressing the company's Social Mission. Since the acquisition, the B&J Board continued its Social Mission by engaging in promotions and advocacy across a host of issues concerning the environment, voter turnout, fair trade, and genetically modified organisms. Today, the B&J Board, chaired by Anuradha Mittal ("Mittal"), consists primarily of social activists who joined long after Unilever's acquisition.
The B&J Board passed a resolution in July 2020 to end sales of Ben & Jerry's products in areas that the B&J Board considers to be Palestinian territories illegally occupied by Israel. According to Mittal, Ben & Jerry's CEO Matthew McCarthy ("McCarthy") chose not to "operationalize" the resolution immediately, thus temporarily thwarting the B&J Board's decision. During the morning of July 19, 2021, Unilever and its hand-picked CEO McCarthy "operationalized" the B&J Board's resolution to boycott Israel. Ben & Jerry's announced on its website and through its Twitter account that, upon the expiration of the current licensing agreement by which its products had been distributed in Israel for decades, Ben & Jerry's would end sales of its ice cream in "Occupied Palestinian Territory", but Ben & Jerry's would purportedly continue to sell its products in Israel.
The decision by the B&J Board appeared to arise out of the boycott, divestment, and sanctions ("BDS") movement. The BDS movement is a pro-Palestinian movement promoting boycotts, divestments, and economic sanctions against Israel. The BDS movement's objective is to coerce Israel into making concessions to the Palestinians by using boycotts and the like to exert economic and political pressure. Additionally, and of particular significance here, 35 U.S. states have adopted laws, executive orders, or resolutions aimed at discouraging boycotts, divestment, and sanctions of Israel ("Anti-BDS Legislation").
During the morning of July 22, 2021, CNBC reported that the states of Texas and Florida were examining Ben & Jerry's actions in connection with the states' Anti-BDS Legislation. In addition to condemnation of Ben & Jerry's boycott by Texas Governor Greg Abbott, CNBC reported that Texas State Comptroller Glenn Hegar, who controls billions of dollars in assets for Texas' public pension funds, had already told his office to take action. Similarly, the state of Florida's CFO Jimmy Patronis ("Patronis"), who controls Florida's public pension funds, told CNBC that his office was already discussing the issue. In a letter reportedly sent to Ben & Jerry's CEO, Patronis wrote: "It is my belief that Ben & Jerry's brazen refusal to do business in Israel will result in your placement on the Scrutinized Companies that Boycott Israel List." The letter also stated that Florida would then "be prohibited from investing in Ben & Jerry's or its parent company, Unilever." Being added to the list also meant that Unilever would not be able to enter or renew contracts with the state or any municipality in Florida.
On this news, the price of Unilever ADRs fell $3.19 to close at $55.52 per ADR on July 22, 2021.
If you wish to serve as lead plaintiff, you must move the Court no later than August 15, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
If you purchased the ADRs of Unilever, and/or would like to discuss your legal rights and options please visit Unilever PLC Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2022 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information:
Peter Allocco
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
pallocco@bernlieb.com
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SOURCE Bernstein Liebhard LLP
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https://www.wibw.com/prnewswire/2022/06/25/unilever-plc-nyse-ul-shareholder-class-action-alert-bernstein-liebhard-llp-reminds-investors-deadline-file-lead-plaintiff-motion-securities-class-action-lawsuit-against-unilever-plc-nyse-ul/
| 2022-06-25T00:34:29Z
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NEW YORK and LOS ANGELES, Sept. 7, 2022 /PRNewswire/ -- SOULSHOP, the fastest-growing faith media and lifestyle startup, partnered with some of the biggest Christian creators on content and community initiatives for social media platforms and streamers.
By rapidly partnering with established and rising talent at the cross section of faith and culture, SOULSHOP is quickly becoming the hub for consumers and creators driven by faith.
SOULSHOP recently added several high-profile investors in the faith and culture space to their cap-table - including Lecrae, Warryn Campbell, Chris Wagner and Talia Bender-Small.
"We are building the next-gen community of faith. The communal aspects of faith have yet to adapt to how younger audiences engage with each other, with content, and with God. We're changing that by working with the platforms and talent these audiences already engage with and love, and bringing faith to the forefront of culture," said SOULSHOP CEO Dan Luxenberg. "We believe wholeheartedly that by taking this new approach to content, we're building a company for billions of people worldwide that will entertain and guide them towards their faith."
In addition to partnering with Jay Sage, Ariel Fitz Patrick and Wande, SOULSHOP has partnered with leading digital talent DJ Mykael V, Montana Tucker, Joe Navarro, Jordan & Darin Starks, Pastor Michael Fisher, artists Bryan Michael-Cox, Robert Glasper, and The Walls Group, and professional athletes chronicling their faith journeys.
The brand is growing exponentially and, according to Luxenberg, "not taking the low-hanging fruit. We're creating culture-defining content and experiences for our audience to grow with each other."
SOULSHOP provides a space for their community of creators and consumers to engage with each other, other creators, and SoulShop's content.
"Content is at the center of this ecosystem," Luxenberg emphasized. "We're making faith accessible and relatable for a digital native generation."
SOULSHOP is a content driven community rooted in faith and focused on engaging next-gen audiences with God, and with each other. By partnering with creators to produce and distribute dope and relevant faith-driven content, SOULSHOP seeks to inspire, educate and engage young audiences in their faith.
Follow along on Instagram or join the conversations on Discord.
CONTACT: hello@soulshopstudios.com
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SOURCE SoulShop
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https://www.wibw.com/prnewswire/2022/09/07/soulshop-partners-with-christian-social-media-stars-artists-including-jay-sage-ariel-fitz-wande/
| 2022-09-07T16:47:57Z
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Country
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https://www.albanyherald.com/entertainment/britney-spears-set-to-marry-fianc-sam-asghari-on-thursday/article_dd58cc78-18f0-5b7a-acea-67253faae137.html
| 2022-06-09T23:18:54Z
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Volkanovski mauls Korean Zombie to retain belt at UFC 273
By MARK LONG
AP Sports Writer
JACKSONVILLE, Fla. (AP) — Alexander Volkanovski mauled Chan Sung Jung at UFC 273 and earned a technical knockout seconds into the fourth round to retain the featherweight belt. The 33-year-old Volkanovski extended his professional winning streak to 21, including an 11-0 mark in UFC competition. Jung, better known as “the Korean Zombie,” was battered, bloodied and struggling to breathe after the first three rounds. He insisted he wanted to keep going, but the referee stopped the bout 45 seconds into the fourth of five championship rounds.
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https://localnews8.com/sports/ap-national-sports/2022/04/09/volkanovski-mauls-korean-zombie-to-retain-belt-at-ufc-273/
| 2022-04-10T07:43:01Z
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ORLANDO, Fla., May 5, 2022 /PRNewswire/ -- Absen Inc., a global leading LED display solutions and service supplier celebrated another year at NAB in Las Vegas. At this year's show, together with two key collaborators, Absen held a special event onsite and online worldwide to present the state-of-art LED technology and virtual production workflow, successfully sharing the innovations empowering the art of film. Absen demonstrated its professional LED products in virtual production through a XR stage with PL series and MR series. Another major highlight was Absen's award winning Clear Cobalt Series, the MicroLED COB display.
Throughout the show and events, Absen presented more details about the emerging virtual production market and strengthened the application of LED wall in film.
The global virtual production market size is expected to reach USD 3.1 billion by 2026, growing at a CAGR of 14.3% over the forecast period (source: grand view research). With the help of virtual production, video game technology and film production technology merge into the pre- and post-production process. With the increasing use of virtual production technology in film studios and TV programs, the technology of software and hardware is also constantly innovating.
The increased adoption of the LED video wall technology is augmenting the application of virtual production across the media and entertainment sectors. The LED video wall displays computer-generated graphics in the background, allowing filmmakers to capture visuals in real-time and get real-time feedback, so the filming team can make critical decisions on set. As a result, it decreases cost and improves the overall production efficiency.
In-Camera Visual Effects is very important for virtual production, the content on the LED wall has to blend perfectly into the scene being shot, so that the content on the LED wall captured by the camera looks like the real scene.
Absen also share the main aspects to make LED Technology look amazing in the process of videography.
1. High precision for Color Reproduction
- wide Color Gamut
- low Off-axis Color Shift
- Pure Color
2. Can support get a clear image in camera?
- less Reflection
- less Scan Lines
- less Moiré Effect
3. High picture quality under shutter High speed shooting technology
- high frame rate
- high refresh rate on both high &low grey level
4. HDR processing
- High Dynamic Range
- active Mate Data
- better PQ curve
5. Sync of the whole system
- Genlock
- Rolling/global shutter sync
- Low latency
Absen virtual production LED solutions, perfect in-camera performance with Wide Color Gamut, pure color output, Low reflection and moiré, high refresh rate, extraordinary contrast, high brightness, true 16bits, etc.
PL SERIES FOR BACKDROP
The PL series is a high-performance, broadcast grade, high-definition display with high-grade electronics and advanced mechanical design. PL1.9 Pro V10 is an 4-in-1 IMD product with patented TOP frame, featuring high brightness and best white uniformity, covering 98.2% of the DCI-P3 color gamut on average. In addition, PL2.5 Pro V10 is also an ideal choice for VP or xR stage with its super visual performance.
AX PRO SERIES FOR BACKDROP
AX Pro series is an outstanding 1mm product platform that can be used as backdrop in the medium size studio, including the AX1.2 Pro and AX1.5 Pro. The AX1.2 Pro is the world's first flip-chip IMD product using the advanced common cathode technology. It supports HDR, with a maximum brightness of 1500nits and a high refresh rate of 7680Hz. There is no color deviation even at a viewing angle of 170 degrees horizontally and vertically.
MR SERIES FOR XR STAGE FLOOR DISPLAY
MR series integrates the frame structure design, which is very convenient to use. It supports Brompton system. The matte finish provides a non-reflective surface that is ideal for virtual productions. The high-intensity frame design guarantees the safety and firmness, and the MR4.8 matte version can even bear a load of 2500kg/㎡approximately. Furthermore, MR series supports sub-frame for quick installation.
"We look forward to exhibiting at NAB every year and infoComm USA on June," said Jame Liu, president of Absen Inc. "not only demonstrate high quality of LED solution, but also expand global partnership network and strengthen Absen's leading position to support the market growth."
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SOURCE Absen
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https://www.wibw.com/prnewswire/2022/05/05/absen-attends-nab-presenting-its-virtual-production-solutions/
| 2022-05-05T06:47:14Z
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'PRIDE Personified' Campaign Will Be Displayed On OOH Assets Nationwide In June
NEW YORK, June 1, 2022 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE:OUT) proudly celebrates Pride month by highlighting 19 LGBTQIA+ individuals on out of home assets across the country. With PRIDE Personified, OUTFRONT showcases leaders from industries including Media, Politics, Television, Film, Marketing, Real Estate, Art, Health & Human Service, for their accomplishments in the face of adversity and those who personify the spirit of Pride both professionally and personally.
The campaign creative and concept was designed by the Co-Chair of the OUT at OUTFRONT Employee Resource Group (ERG) and an OUTFRONT STUDIOS member, Jake Parshall. The PRIDE Personified campaign applauds individuals for their impact in their communities and workplaces. To illustrate this, each LGBTQIA+ individual's photo and occupation is displayed, along with authentically queer, vibrant, and fun designs on the campaign creative.
"I really set out to do something that didn't feel 'corporate," said Jake Parshall, Co-Chair of the OUT at OUTFRONT ERG. "I wanted the designs to be super colorful, mirroring the diversity of the LGBTQIA+ Community and I pulled colors from not just the traditional rainbow flag but the progress flag, especially highlighting the trans community."
"I am honored to be part of OUTFRONT's 2022 PRIDE Personified campaign," said Marc Fenty, SVP OOH at Horizon Media & Co-Chair OOH United. "I have long believed in the power of OOH and it is important to use these impactful IRL canvases to celebrate the individuals of the LGBTQIA+ community. This campaign directly follows the launch of OOH United, an initiative committed to advancing a culture of inclusion throughout the OOH industry, as diversity, equity, and inclusion (DEI) is core to industry growth."
The 2022 honorees are listed below, please visit OUTFRONT.com/PridePersonified to read more about each leader and see the campaign in action:
- Marc Fenty, SVP, OOH at Horizon Media and Co-Chair of OOH United
- Amanda McAllister Wallner, Director at The California LGBTQ Health and Human Services Network
- Cody Janczewski, Vice President, Managing Director – Media at Horizon Next
- Caty Burgess, SVP Marketing & Media Strategies at The CW
- Qween B Amor, Trans-queer Performance Artist
- Steve Birnbaum, EVP, Managing Director at Spark Foundry
- Monica C. Smith, Founder & CEO at Marketsmith Inc.
- Alberto Mendez, Prevention Programs Manager at Resource Center
- Mayor Pro Tempore Sepi Shyne, Mayor Pro Tempore, City of West Hollywood at City of West Hollywood
- Vivian Perez, Event & Travel Architect at Ladies Touch Events & Travel
- Danny Rose, Executive Producer at Danny Rose Media, Inc.
- Ross S. Currie, Vice President, Client Services at Conroy Media Ltd.
- Josh Miller, Co-Founder + CEO at IDEAS xLab
- Rebecca Washington, Owner /CEO Washington Academy of Barbering and Arts at Washington Academy of Barbering and Arts
- Heather Luce, Broker/Owner at KC LOCAL HOMES
- Mat George, Social Media Personality/Podcaster/Activist
- Bri Burrows, Head Brewer & Co-Owner at The Big Rip Brewing Co.
- Rev. Jacquie Fernandez, Senior Minister at Unity Church of Overland Park
- Damian Pelliccione, CEO / Co-Founder at Revry
OUTFRONT leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.
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SOURCE OUTFRONT Media Inc.
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https://www.wibw.com/prnewswire/2022/06/01/outfront-showcases-barrier-breaking-lgbtqia-individuals-pride-personified-ooh-campaign-pride-month/
| 2022-06-01T18:55:08Z
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New system for improved data management, reporting, analytics, and compliance
CUPERTINO, Calif., April 25, 2022 /PRNewswire/ - (TSXV: BWLK) (OTCQB: BWLKF) Boardwalktech Software Corp ("Boardwalktech" or the "Company"), the leading Digital Ledger Platform and enterprise software applications company, is pleased to announce it has entered into a contract with a large Indian-based multinational bank and financial services company with a presence in 17 countries generating over US$30B in revenue.
Using the Boardwalktech Digital Ledger Platform, the Bank will implement a new system for managing data, aggregating information from disparate systems, reporting and analytics. The Bank will be able to efficiently manage and align information from their internal systems allowing them to better meet internal and external reporting needs, resulting in improved data governance, compliance, and business results. This will be the first application for this client built on the Boardwalk Platform. The Contract will initially generate $90,000 in annual recurring revenue with more applications and additional revenue planned in the future.
"Aligning and understanding information from multiple internal systems of record, and using that actionable information to make rapid and timely decisions, will be a big competitive advantage for the Bank," said Andrew T. Duncan, CEO of Boardwalktech. "Aggregating information into a single source of truth – the Boardwalk Digital Ledger, will improve the delivery of required reporting information for compliance purposes, improve response times and decisions across the Bank improving customer satisfaction, and business results."
Boardwalktech has developed a patented Digital Ledger Technology Platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech's digital ledger technology and its unique method of managing vast amounts of structured and unstructured data is the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data. Boardwalktech can deliver collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital ledger technology-based platforms. Boardwalktech is headquartered in Cupertino, California with offices in India and operations in North America. For more information on Boardwalktech, visit our website at www.boardwalktech.com.
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved".
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other 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 information and statements.
An investment in securities of the Company is speculative and subject to several risks including, without limitation, the risks discussed under the heading "Risk Factors" in the Company's filing statement dated May 30, 2018. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE BoardwalkTech
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https://www.wibw.com/prnewswire/2022/04/25/boardwalktech-signs-new-contract-with-major-indian-bank/
| 2022-04-25T12:00:08Z
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(KTLA) – CVS and Walgreens are among the retailers limiting sales of baby formula amid the ongoing nationwide shortage.
Citing challenges with supply, both chains are capping purchases to three baby formula products per transaction.
Parents around the U.S. hoping to buy baby formula are being met with empty shelves due to the shortage, which only got worse in February when a major baby food manufacturer, Abbott Nutrition, recalled powdered baby formula products manufactured at a Michigan plant.
The recall, which affected the Similac, Alimentum and EleCare brands, was issued after four babies were hospitalized with bacterial infections, and two died after taking powdered baby formula, according to the U.S. Food and Drug Administration.
The recall exacerbated already existing baby formula supply issues caused by pandemic-snarled supply chains and shortages of ingredients.
Now, companies are limiting how much baby formula customers can buy at once.
“Following supplier challenges and increased customer demand, we currently have a limit of three baby formula products per purchase in our stores and online,” CVS spokeswoman Monica Prinzing said in a statement. “We’re continuing to work with our baby formula vendors to address this issue and we regret any inconvenience this causes our customers.”
Similarly, a Walgreens spokesperson pointed to the same supply issue, saying the chain is placing limits to help improve inventory.
“Due to increased demand and various supplier challenges, infant and toddler formulas are seeing constraint across the country. Similar to other retailers, we put into effect purchase limits of three per transaction on all infant and toddler formula to help improve inventory,” Walgreens spokesman Kris Lathan told Nexstar’s KTLA. “We continue to work diligently with our supplier partners to best meet customer demands.”
Target and Kroger also began rationing online formula purchases in April, the Wall Street Journal reported.
As of April 13, about 31% of formula products were out of stock across the country, according to retail software company Datasembly.
In a statement issued last month, Abbott Nutrition representatives said they were aware that their recall “caused additional stress and anxiety in an already challenging situation of a global supply shortage.”
The company said it was producing more Similac Advance powder formula for U.S. babies at its plant in Ireland, and prioritizing formula production at its Ohio plant to help replenish the supply in the market.
In the meantime, federal authorities are warning parents and caregivers against diluting infant formula or giving homemade formula to infants.
Americans were also asked to avoid buying imported formula online, since it can be counterfeit, FDA officials said.
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https://cw33.com/news/cvs-walgreens-limiting-sales-of-baby-formula-amid-shortage/
| 2022-05-10T15:30:56Z
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Which storage idea for board-game collections is best?
Board games are an excellent way to connect with family and friends in organized activity. If you are running out of space for all of your board games, storage options include both multi-purpose items with hidden space and proud showcases. The Atlantic Drawbridge Media Storage Cabinet is the best storage available for your games.
How do you measure for a storage unit?
Besides your sense of style, you’ll need to keep in mind how much room you have for a storage unit. Measure the space at least three times, and do the third measurement out at a different time to see if anything changes in how you measure the space. Smartphones such as the iPhone offer built-in measurement apps, but they usually work best on physical objects rather than open spaces. When in doubt, use a traditional measuring tape and buy an item with a flexible return option.
How do you maximize the space you already have?
If you are looking to maximize and extend your current space while looking for additional storage options, clear your shelves of clutter and place your board games on the newly created open area. You can add some of the previous items back to the shelf after your games have been accounted for.
Functional storage
A designated storage area for all of your board games is best if you have plenty of games and are still looking to expand the collection, or if you can afford to set aside a specific area for games.
Best functional storage idea for board-game collections
Atlantic Drawbridge Media Storage Cabinet
Although it’s built to store CDs, DVDs and video games, this ebony-textured wooden cabinet is great for board games, too. It weighs about 15 pounds and includes five shelves that can be adjusted to accommodate extra-tall board games. The cabinet is 19-by-7-by-36 inches. Some assembly is required.
Sold by Amazon and Bed Bath & Beyond
Elegant Home Fashions Anna Floor Cabinet
This floor cabinet’s two shelves can be adjusted to accommodate your board games, and it has a classic look with its tempered-glass windows, antique brass-finish hinges and body of engineered wood. The cabinet weighs just under 50 pounds and is 12.5 inches long, 26 inches wide and 34 inches high.
Sold by Amazon
ClosetMaid KidSpace 2-Tier Horizontal Storage Shelf
This sturdy white storage unit includes two practical shelves with a variety of little nooks to better accommodate smaller items. The shelf is wall-mounted 40 inches wide, 29 inches high and 14 inches deep.
Sold by Amazon and Home Depot
Multi-purpose storage idea for board-game collections
An item that functions as a useful piece of furniture as well as storage fills a dual purpose and can blend into a room without drawing attention to your expanding board game collection.
Best multi-purpose storage idea for board-game collections
Seville Classics Foldable Storage Ottoman
This foldable bench is made with both style and practicality in mind, able to hold about 400 pounds and designed with a lid that includes a cushion seat. It’s 31-by-15-by-15 inches.
Sold by Amazon and Home Depot
Household Essentials Vintage Decorative Home Storage Trunk
The rectangular storage trunk has a sophisticated, vintage feel and includes three drawers ideal for light storage. It’s 22-by-13-by-14 inches.
Sold by Amazon and Bed Bath & Beyond
Kate and Laurel Cates Classic Farmhouse Small Wooden Storage Chest Trunk
The farmhouse-inspired wooden trunk comes in gray, white and rustic brown, with tasteful brass hardware. It’s 14-by-27-by-14 inches, and relatively heavy at about 20 pounds.
Sold by Amazon and Bed Bath & Beyond
Otto & Ben Folding Toy Box Chest with Smart Life Top
This fabric-and-wood chest comes in 11 hues such as royal blue, lime green and amber orange to add a fun touch of color to your room. It’s 45-by-15-by-15 inches. Be aware: Depending on the color, expert assembly from Amazon can more than triple the chest’s cost.
Sold by Amazon
Simpli Home Owen Coffee Table Table Lift Top Storage Ottoman
This stylish mid-century modern table comes in seven colors including distressed saddle brown and natural. Its frame is made of wood as well as engineered wood, and it’s 34-by-26-by-19 inches.
Sold by Amazon and Bed Bath & Beyond
Better Homes and Gardens Round Tufted Storage Ottoman
The round fabric ottoman comes in four colors, including aqua and navy. Keep in mind that this ottoman is circular, so it will be more difficult to accommodate larger games.
Sold by Amazon
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https://cw33.com/reviews/br/toys-games-br/board-games-br/storage-idea-for-board-game-collections/
| 2022-07-17T18:27:39Z
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PITTSBURGH, Sept. 6, 2022 /PRNewswire/ -- Viatris Inc. (NASDAQ: VTRS), a global pharmaceutical company, today announced the company will participate in the BofA Global Research Global Healthcare Conference in London on Thursday, September 15, 2022. Chief Executive Officer Michael Goettler, President Rajiv Malik and Chief Financial Officer Sanjeev Narula will represent the company in a fireside chat scheduled at 4:45 p.m. BST / 11:45 a.m. ET.
Interested parties can access a live webcast of the event at investor.viatris.com. An archived version also will be available following the live event and can be accessed at the same location for a limited time.
Viatris Inc. (NASDAQ: VTRS), is a global pharmaceutical company empowering people worldwide to live healthier at every stage of life. We provide access to medicines, advance sustainable operations, develop innovative solutions and leverage our collective expertise to connect more people to more products and services through our one-of-a-kind Global Healthcare Gateway®. Formed in November 2020, Viatris brings together scientific, manufacturing and distribution expertise with proven regulatory, medical, and commercial capabilities to deliver high-quality medicines to patients in more than 165 countries and territories. Viatris' portfolio comprises more than 1,400 approved molecules across a wide range of therapeutic areas, spanning both non-communicable and infectious diseases, including globally recognized brands, complex generic and branded medicines, a portfolio of biosimilars and a variety of over-the-counter consumer products. With approximately 37,000 colleagues globally, Viatris is headquartered in the U.S., with global centers in Pittsburgh, Shanghai and Hyderabad, India. Learn more at viatris.com and investor.viatris.com, and connect with us on Twitter at @ViatrisInc, LinkedIn and YouTube.
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SOURCE Viatris Inc.
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https://www.mysuncoast.com/prnewswire/2022/09/06/viatris-inc-participate-bofa-global-research-global-healthcare-conference/
| 2022-09-06T11:37:34Z
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NEW YORK, June 20, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of IronNet, Inc. ("IronNet" or the "Company") (NYSE: IRNT). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether IronNet and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On December 15, 2021, IronNet announced its financial results for the third quarter ended October 31, 2021 and issued revenue guidance for the coming year. For 2022, IronNet advised that the Company expected revenue of approximately $26 million, down sharply from previous guidance, issued in September 2021, in the range of $43 million to $45 million. On an earnings call later that day, the Company stated that "we and Sean Foster, our Chief Revenue Officer, have mutually agreed that he will depart our company at the end of December to pursue other opportunities." IronNet also admitted on the earnings call that, despite having first publicly issued IronNet's fiscal year 2022 guidance in March 2021, the Company did not have any confidence as to when substantial revenues underlying the guidance would actually come in.
On this news, IronNet's stock price fell $2.14 per share, or 31.47%, to close at $4.66 per share on December 16, 2021.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP
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https://www.kxii.com/prnewswire/2022/06/20/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-ironnet-inc-irnt/
| 2022-06-20T05:52:25Z
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NEW YORK, June 27, 2022 /PRNewswire/ -- Attention Axsome Therapeutics, Inc. ("Axsome") (NASDAQ: AXSM) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between December 30, 2019 and April 22, 2022.
If you suffered a loss on your investment in Axsome, contact us about potential recovery by using the link below. There is no cost or obligation to you.
https://www.wongesq.com/pslra-1/axsome-therapeutics-inc-loss-submission-form?prid=29122&wire=4
ABOUT THE ACTION: The class action against Axsome includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) Axsome's chemistry, manufacturing, and control ("CMC") practices were deficient with respect to AXS-07, the Company's medicine for the acute treatment of migraine, and its manufacturing process; (ii) as a result, Axsome was unlikely to submit the AXS-07 New Drug Application ("NDA") on its initially represented timeline; (iii) the foregoing CMC issues remained unresolved at the time that the U.S. Food and Drug Administration ("FDA") reviewed the AXS-07 NDA; (iv) accordingly, the FDA was unlikely to approve the AXS-07 NDA; (v) as a result of all the foregoing, Axsome had overstated AXS-07's regulatory and commercial prospects; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: July 12, 2022
Aggrieved Axsome investors only have until July 12, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong
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https://www.wibw.com/prnewswire/2022/06/27/class-action-alert-law-offices-vincent-wong-remind-axsome-investors-lead-plaintiff-deadline-july-12-2022/
| 2022-06-27T21:33:17Z
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SHANGHAI, June 16, 2022 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun" or the "Company") (Nasdaq: NISN), a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, today announced updates on its use of proceeds from its December 2021 underwritten public offering of approximately $77 million of its Class A common shares and pre-funded warrants to purchase Class A common shares ("Offering").
Since the completion of the Offering, the Company has invested approximately $32 million of the net proceeds into its two subsidiaries, NiSun Ocean (Qingdao) Supply Chain Investment Co., Ltd. ("Nisun Ocean") and Zhumadian NiSun Supply Chain Management Co., Ltd. ("Nisun ZMD") for general corporate purposes, repaid approximately $1 million of related party debt, paid approximately $0.5 million in professional fees and held the remainder in its accounts for potential business and operational opportunities. More detailed allocations are as follows:
- Nisun Ocean has received investments of approximately $25 million and has used approximately $3 million primarily in electronics purchases under its strategic cooperation with Shanghai Bailian Group("Bailian"). Nisun facilitated merchandise purchases from suppliers with payment terms desirable to Bailian who can access working capital quickly and at a lower cost. Nisun Ocean earned supply chain solution service fees when Bailian received their financings. The balance of the investment remains in Nisun Ocean for future operations.
- Nisun ZMD has received approximately $7 million investments, nearly all of which has been used to purchase household products from a major online retailer in China for Nisun ZMD's strategic cooperation with Beijing Zhiyuan Zhonglian Industrial Co., Ltd ("Zhiyuan Zhonglian"). Zhiyuan Zhonglian also provided a deposit of approximately $1.6 million to secure its performance of its payment obligations with respect to the household products purchased for its account.
"We are pleased to discuss our recent business development activity," Mr. Xiaoyun Huang, Chairman and Chief Executive Officer of Nisun International, commented. "The Company will continue to leverage its advantages and utilize its capital proceeds to invest and improve the supply chain dynamic while expanding scale. We remain committed to providing our clients with effective, high-quality supply chain solutions."
About Nisun International Enterprise Development Group Co., Ltd
Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its industry experience, Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Through its subsidiaries and controlled companies, Nisun provides users with professional solutions for technology supply chain management, technology asset routing, and digital transformation of tech and finance institutions, enabling the industry to strengthen and grow. At the same time, Nisun continues to deepen the field of industry segmentation through industrial and financial integration, by cultivating and creating an ecosystem of openness and empowerment. Nisun has built a linked platform that incorporates supply chain, banking, securities, trust, insurance, funds, state-owned enterprises, among other businesses. Focusing on industry-finance linkages, Nisun aims to serve the upstream and downstream of the industrial supply chain while also assisting with supply-side sub-sector reform. For more information, please visit http://ir.nisun-international.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains information about Nisun's view of its future expectations, plans and prospects that 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, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Nisun encourages you to review other factors that may affect its future results in Nisun's registration statement and in its other filings with the Securities and Exchange Commission. Nisun assumes no obligation to update or revise its forward-looking statements as a result of new information, future events or otherwise, except as expressly required by applicable law.
Contacts
Nisun International Enterprise Development Group Co., Ltd
Investor Relations
Tel: +86 (21) 2357-0055
Email: ir@cnisun.com
ICR, LLC
Tel: +1 203 682 8233
Email: nisun@icrinc.com
View original content:
SOURCE Nisun International Enterprise Development Group Co., Ltd
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https://www.wibw.com/prnewswire/2022/06/16/nisun-announces-updates-capital-allocation/
| 2022-06-16T12:51:16Z
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BOSTON, July 18, 2022 /PRNewswire/ -- Below is the June 2022 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG)
Liberty All-Star Growth Fund, Inc.
Ticker: ASG
Monthly Update, June, 2022
Investment Approach:
Fund Style: All-Cap Growth
Fund Strategy: Combines three growth style investment managers, each with a distinct capitalization focus (small-, mid- and large-cap) selected and continuously monitored by the Fund's Investment Advisor.
Investment Managers:
Weatherbie Capital, LLC
Small-Cap Growth
Congress Asset Management Company, LLP
Mid-Cap Growth
Sustainable Growth Advisers, LP
Large-Cap Growth
New Holdings
Agiliti, Inc.
IQVIA Holdings, Inc.
Holdings Liquidated
Illumina, Inc.
PayPal Holdings, Inc.
Ranpak Holdings Corp.
The net asset value (NAV) of a closed-end fund is the market value of the underlying investments (i.e., stocks and bonds) in the Fund's portfolio, minus liabilities, divided by the total number of Fund shares outstanding. However, the Fund also has a market price; the value at which it trades on an exchange. If the market price is above the NAV the Fund is trading at a premium. If the market price is below the NAV the Fund is trading at a discount.
Performance returns for the Fund are total returns, which includes dividends, and are net of management fees and other Fund expenses. Returns are calculated assuming that a shareholder reinvested all distributions. Past performance cannot predict future investment results.
Performance will fluctuate with changes in market conditions. Current performance may be lower or higher than the performance data shown. Performance information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares. Shareholders must be willing to tolerate significant fluctuations in the value of their investment. An investment in the Fund involves risk, including loss of principal.
Sources of distributions to shareholders may include ordinary dividends, long-term capital gains and return of capital. The final determination of the source of all distributions in 2022 for tax reporting purposes will be made after year end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during its fiscal year and may be subject to changes based on tax regulations. Based on current estimates no portion of the distributions consists of a return of capital. These estimates may not match the final tax characterization (for the full year's distributions) contained in shareholder 1099-DIV forms after the end of the year.
All data is as of June 30, 2022 unless otherwise noted.
Liberty All-Star® Growth Fund, Inc.
1-800-241-1850
www.all-starfunds.com
libinfo@alpsinc.com
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SOURCE Liberty All-Star Growth Fund, Inc.
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https://www.wibw.com/prnewswire/2022/07/18/liberty-all-star-growth-fund-inc-june-2022-monthly-update/
| 2022-07-18T20:53:15Z
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