text stringlengths 102 99.6k | url stringlengths 31 426 | crawl_date timestamp[us, tz=UTC]date 2022-04-01 00:29:49 2022-09-19 04:34:15 |
|---|---|---|
The company will use funds to build-out current assets,
and to purchase additional cannabis companies and licenses.
CHICAGO, Aug. 30, 2022 /PRNewswire/ -- The 1937 Group, Ltd. (www.the1937group.com), regarded as the first minority-owned vertically-integrated cannabis company in Illinois, announced it recently secured $17M in new funding. The company closed a binding financing agreement with the private investment group, SGG Enterprises LLC.
The funds will be used for the build-out of current assets, and for the purchase and build-out of additional Illinois cannabis establishments.
The 1937 Group was established to be the parent company for multiple Illinois licensed cannabis companies, including a 52,000 sq ft cultivation operation currently under construction (Helios Labs), a retail operation (Parkway Dispensary), and a cannabis transportation company (Highwaymen Security).
The company is also in the process of securing an additional Craft Grow license and four (4) additional Illinois retail dispensary licenses.
"It is important that we capitalize as the leading social equity entrant in the Illinois regulated cannabis market," said Ambrose Jackson, CEO of The 1937 Group. "During these times, when venture markets have seemingly dried up, our ability to secure capital and consummate this deal is a great indicator that we have the right team and the right strategy in place; and that we can execute on our vision of becoming not only one of the first new operators to the market, but also one of the most impactful."
The terms of the agreement establish a disbursement schedule of $13M in equity shares and $4M as a debt note.
Qualified individuals and entities interested in investing with The 1937 Group or any of its ventures, may contact Ambrose Jackson at: Ambrose.Jackson@1937group.com, or Mayur Shah at: mvshah1133@gmail.com.
About The 1937 Group:
The 1937 Group, Ltd., is the first minority-owned, vertically integrated cannabis company based in Chicago, and as such, is committed to creating opportunities for others whose voices often get overlooked. The company currently has ownership of several Illinois cannabis licenses, including Retail, Cultivation and Transportation.
The name "The 1937 Group" is inspired by the Marihuana Act of 1937, which fueled pervasive racial discrimination against Mexican-Americans and Blacks, and widespread imprisonment for what is now a legal activity in the majority of the United States.
Connect with The 1937 Group and its group of companies:
Website: www.the1937group.com
Instagram:
@the1937group
@kvl_international
@terpkingsofficial
@helios.labs
@parkwaydispensary
Facebook:
The 1937 Group
KVL International
TerpKingsOfficial
Helios Labs
Parkway Dispensary
Media Contact:
The Innovation Agency
310-571-5592
hello@inov8.us
www.inov8.us
View original content:
SOURCE The 1937 Group | https://www.kxii.com/prnewswire/2022/08/30/1937-group-first-minority-owned-vertically-integrated-cannabis-company-illinois-secures-17m-funding/ | 2022-08-30T17:52:59Z |
NEW YORK (AP) — When police confronted the white man suspected of killing 10 Black people at a Buffalo supermarket, he was the very poster boy for armed and dangerous, carrying an AR-15-style rifle and cloaked in body armor and hatred.
Yet officers talked to Payton Gendron, convinced him to put down his weapon and arrested him without firing a single shot. Buffalo Police Commissioner Joseph Gramaglia that day cited their training and called it “a tremendous act of bravery.”
In a country where Black people have been killed in encounters with police over minor traffic infractions, or no infractions at all, though, it’s raised the question: Where is that training, that determined following of protocol, when it comes to them?
“It’s important to emphasize this is not about why aren’t police killing white supremacist terrorists,” said Qasim Rashid, a human rights lawyer and satellite radio host who was among those on social media making posts about the subject. “It’s why can’t that same restraint and control be applied to a situation involving an unarmed Black person?”
He and others pointed to a litany of examples of white men taken calmly into police custody after shootings, including Dylann Roof, who killed nine Black people at a South Carolina church in 2015; Robert Aaron Long, who killed eight people at Georgia massage businesses last year; Patrick Crusius, who is accused of killing 23 people in a racist attack at an El Paso, Texas, Walmart in 2019; and Kyle Rittenhouse, whose attempt to surrender immediately after shooting three white people at a Wisconsin protest was rebuffed. Meanwhile, George Floyd, Atatiana Jefferson, Tamir Rice and a host of other Black people have died at police hands when the initial circumstances were far less volatile.
“There’s just a stark contrast between how a Kyle Rittenhouse or a Payton Gendron gets treated by the system in these incidents versus how a Black man gets treated in general,” said Insha Rahman, vice president of advocacy and partnerships at the Vera Institute — a national nonprofit research and advocacy group focused on criminal justice.
Rahman said there are a lot of similarities in the public perception of the two cases. Rittenhouse walked toward police with an AR-15-style rifle slung over his shoulder, his hands raised. He testified at trial that police told him to “go home,” and he turned himself in the next day. He was acquitted of all charges after arguing self-defense.
“A few folks said at the time, if Kyle Rittenhouse was a young Black man, he wouldn’t have made it out of Kenosha that night. He might not have ever made it to a trial,” she said.
Rahman also cautioned against viewing high-profile incidents in a vacuum. She said people need to consider everyday interactions with the police, which along with arrests happen at a disproportionate and often more dangerous level for Black people.
The difference has been noted in Buffalo, said Jillian Hanesworth, 29, the city’s poet laureate and director of leadership development at Open Buffalo, a nonprofit focused on social justice and community development.
“We see how Black and brown people get treated by the police,” she said, that police don’t hesitate to “take deadly action against Black and brown people.”
Martìn Sabelli, president of the National Association of Criminal Defense Lawyers, said historically there has been a racial divide in the U.S. that affects every aspect of the criminal legal process.
“The perception of racism is perpetuated because it’s rooted in a reality,” Sabelli said, noting the impact of implicit bias on policing has been studied extensively. “We are unfortunately in the process of trying to reverse decades or even longer of explicit racism in many police departments around the country and that is often aggravated by implicit bias that exists at a subconscious level. And unfortunately it taints these encounters by subconsciously making officers believe a person of color is more dangerous than a white person.”
Frank Straub, director of the National Policing Institute Center for Targeted Violence Prevention, said he hoped there’s a rethinking of how police respond to situations, in the wake of what the public has seen of disparate treatment in recent years.
“Maybe the fact that these videos are out there … hopefully that now is impacting how officers are being trained to respond to arrest situations,” he said.
Chuck Wexler, executive director of Police Executive Research Forum, an organization dedicated to improving the professionalism of policing, said Buffalo’s Gramaglia asked his group for help with de-escalation training last year as a deputy commissioner.
The specific training is known as ICAT, for integrating communication assessment and tactics. Wexler’s group trained Buffalo’s police trainers on the tactics in February 2021, he said, adding that the department had not completed that training with all of its officers yet.
“That gives you a sense of how the department was thinking,” Wexler said. “It’s communication, slowing things down, using time and distance and cover, rather than rushing into a situation.”
“I think you have to look at the facts and training and tactics and realize every situation is different,” Wexler said. He noted that a security guard, who was a former police officer, shot at the gunman as he stalked the aisles inside Tops Friendly Market. The guard was killed.
“But the situation changed,” he said. “I don’t know all the facts, but when the suspect came out, officers might have a different perception of whether he was an immediate threat.”
—-
Lauer reported from Philadelphia. Associated Press videojournalist Noreen Nasir contributed from Buffalo.
—
Hajela is a member of the AP’s team covering race and ethnicity, and is on Twitter at twitter.com/dhajela. | https://cw33.com/news/u-s-news/ap-u-s-headlines/handling-of-buffalo-suspect-spurs-talk-of-uneven-restraint/ | 2022-05-21T17:05:24Z |
FREMONT, Calif., Sept. 1, 2022 /PRNewswire/ -- STL [NSE: STLTECH], one of the industry's leading integrators of digital networks, today announced the addition of Ashwini Bakshi as Chief Sales Officer to its global leadership team. In his new role, Ashwini will be a part of the Executive Committee of the company and will be responsible for driving the company's order book and revenues across portfolios, customer segments and geographies.
The industry is witnessing large-scale network buildouts and STL is expanding its capabilities across domains to offer advanced end-to-end solutions in this decade of network creation. Ashwini, through his experience and expertise, will bolster STL's efforts to build deep customer engagements, unlock the next phase of technology solutions leadership and set up a solid foundation for future growth.
Prior to joining STL, Ashwini was the Managing Director, Head of Region Europe & Africa at Project Management Institute (PMI). He has more than 25 years of global experience working with the likes of Nokia, Ericsson and Kathrein Mobile. Ashwini has played an instrumental role in sales and strategic growth capability building. He has led and delivered a formidable financial performance for telecom giants working with world-class teams. He has led multi-billion dollar P&Ls at Nokia/Nokia Siemens and was instrumental in significantly multiplying O&M solution orders and revenues at Ericsson. He has managed a broad and global customer base spanning service providers, corporates and the public sector (MTNL, BSNL, public infrastructure, and Defence sector in India and Germany) and has been an integral part of their digital journey.
Commenting on his new role, Ashwini said: "STL continues to blaze the trail in technology innovation and is well positioned to drive the next generation digital transformation across the globe. I look forward to mobilising STL's innovation and technology leadership to create value for our key customers and deliver on our purpose of transforming billions of lives through digital networks."
Commenting on Ashwini's appointment, Ankit Agarwal, MD, STL, said: "I welcome Ashwini to STL family. Being one of the industry's leading integrators of digital networks, our endeavour is to design and develop innovative solutions for our customers to fulfil their business objectives. We believe that Ashwini's rich experience and expertise in new business development, customer advocacy, and in-depth execution will play a pivotal role in establishing us as a technology solutions leader and creating unmatched value for our customers."
STL is an industry-leading integrator of digital networks that helps telcos, cloud companies, citizen networks and large enterprises deliver enhanced experiences to their customers. Read more, Contact us.
stl.tech |Twitter | LinkedIn | YouTube
Photo: https://mma.prnewswire.com/media/1889849/Ashwini_Bakshi_Chief_Sales_Officer_STL.jpg
Logo: https://mma.prnewswire.com/media/876464/Sterlite_Technologies_STL_New_Logo.jpg
View original content to download multimedia:
SOURCE Sterlite Technologies Ltd. (STL) | https://www.wibw.com/prnewswire/2022/09/01/stl-strengthens-its-global-market-presence-with-appointment-ashwini-bakshi-chief-sales-officer/ | 2022-09-01T12:12:20Z |
DUBLIN, Aug. 17, 2022 /PRNewswire/ -- In response to speculative commentary regarding ranitidine (Zantac®) litigation from a news story that contained certain misleading and inaccurate information, Perrigo Company plc (NYSE: PRGO), a leading provider of Consumer Self-Care Products, today issued the following statement:
On August 4, 2022, Perrigo was dismissed from the Madison County, IL, case of Bayer v. Boehringer Ingelheim, et al, with prejudice, meaning the plaintiff's claims against Perrigo in that litigation cannot be refiled. The August 16, 2022 notice of dismissal of claims, and impending trial, against the branded companies did not involve Perrigo. Contrary to the news story, plaintiff's filings contradict the false report that the plaintiff only purchased private label product. In fact, plaintiff's complaint claimed purchases of both brand name Zantac® and private label ranitidine.
Importantly, there have been no material developments regarding ranitidine-related litigation to what has been previously disclosed. The industry maintains strong defenses to such claims based on the body of scientific evidence, which indicates there is no causal relationship between ranitidine and cancer. Further, as a private label manufacturer, Perrigo has additional defenses under federal preemption. These defenses have been successfully used to obtain dismissals in the majority of ranitidine cases involving Perrigo. To date, Perrigo has successfully won multiple Motions to Dismiss in the federal multi-district litigation and state court actions in California and Maryland.
Perrigo will continue to vigorously defend itself against all meritless claims.
About Perrigo
Perrigo Company plc (NYSE; PRGO) is a leading provider of Consumer Self-Care Products and over-the-counter (OTC) health and wellness solutions that enhance individual well-being by empowering consumers to proactively prevent or treat conditions that can be self-managed. Visit Perrigo online at www.perrigo.com.
Forward-Looking Statements
Certain statements in this press release are "forward-looking statements." These statements relate to future events or the Company's future financial performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Company or its industry to be materially different from those expressed or implied by any forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "could," "would," "should," "expect," "forecast," "plan," "anticipate," "intend," "believe," "estimate," "predict," "potential" or the negative of those terms or other comparable terminology. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Company's control, including: the effect of the coronavirus (COVID-19) pandemic and its variants and associated supply chain impacts on the Company's business; general economic, credit, and market conditions; the impact of the war in Ukraine and any escalation thereof, including the effects of economic and political sanctions imposed by the United States, United Kingdom, European Union, and other countries related thereto; the outbreak or escalation of conflict in other regions where we do business; future impairment charges; customer acceptance of new products; competition from other industry participants, some of whom have greater marketing resources or larger market shares in certain product categories than the Company does; pricing pressures from customers and consumers; resolution of uncertain tax positions, including the Company's appeal of the draft and final Notices of Proposed Assessment ("NOPAs") issued by the U.S. Internal Revenue Service and the impact that an adverse result in any such proceedings would have on operating results, cash flows, and liquidity; pending and potential third-party claims and litigation, including litigation relating to the Company's restatement of previously-filed financial information and litigation relating to uncertain tax positions, including the NOPAs; potential impacts of ongoing or future government investigations and regulatory initiatives; uncertainty regarding the timing of, and the Company's ability to obtain and maintain, certain regulatory approvals, including the sale of daily over-the-counter oral contraceptives; potential costs and reputational impact of product recalls or sales halts; the impact of tax reform legislation and/or changes in healthcare policy; the timing, amount and cost of any share repurchases; fluctuations in currency exchange rates and interest rates; the Company's ability to achieve the benefits expected from the sale of its Rx business and the risk that potential costs or liabilities incurred or retained in connection with the transaction may exceed the Company's estimates or adversely affect the Company's business or operations; the Company's ability to achieve the benefits expected from the acquisition of HRA Pharma and the risks that the Company's synergy estimates are inaccurate or that the Company faces higher than anticipated integration or other costs in connection with the acquisition; risks associated with the integration of HRA Pharma, including the risk that growth rates are adversely affected by any delay in the integration of sales and distribution networks; the consummation and success of other announced and unannounced acquisitions or dispositions, and the Company's ability to realize the desired benefits thereof; and the Company's ability to execute and achieve the desired benefits of announced cost-reduction efforts and strategic and other initiatives, including the Company's ability to achieve the expected benefits from its supply chain reinvention program. An adverse result with respect to the Company's appeal of any material outstanding tax assessments or pending litigation, including securities or drug pricing matters, could ultimately require the use of corporate assets to pay such assessments, damages from third-party claims, and related interest and/or penalties, and any such use of corporate assets would limit the assets available for other corporate purposes. There can be no assurance that the FDA will approve the sale of daily oral contraceptives without a prescription in the United States. These and other important factors, including those discussed under "Risk Factors" in the Company's Form 10-K for the year ended December 31, 2021, and Form 10-Q for the quarter ended July 2, 2022, as well as the Company's subsequent filings with the United States Securities and Exchange Commission, may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. The forward-looking statements in this press release are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
View original content to download multimedia:
SOURCE Perrigo Company plc | https://www.wibw.com/prnewswire/2022/08/17/perrigo-releases-statement-recent-market-trading-activity/ | 2022-08-17T21:20:14Z |
CHICAGO, June 20, 2022 /PRNewswire/ -- HUB International Limited (Hub), a leading full-service global insurance brokerage and financial services firm, announced today that it has acquired the assets of Heritage Wealth Management Group, LLC (Heritage Wealth Management Group). Terms of the transaction were not disclosed.
Located in Moon Township, Pennsylvania, Heritage Wealth Management Group is an independent financial services firm helping clients in Western Pennsylvania establish and maintain their long-term financial goals. Heritage Wealth Management Group has 300 clients with assets of more than $205 million as of January 2022.
"We are excited to welcome Mike and the team to Hub," said Joe DeNoyior, President of Hub Retirement and Wealth Management. "Their experience both on the plan side and serving wealth management clients with their "client first" approach which aligns to the HUB RPW service model."
Michael Finnell, President of Heritage Wealth Management Group, and the Heritage Wealth Management Group team will join Hub HDH.
Hub Retirement and Private Wealth ("RPW") offers institutional and retirement services to for-profit and not-for-profit organizations and customized private wealth management services to individuals and families. Employees of Hub International offer securities through partner Broker Dealers not affiliated with Hub. Employees of Hub provide advisory services through both affiliated and unaffiliated Registered Investment Advisors (RIA). Global Retirement Partners, LLC, Millennium Advisory Services, Inc, TCG Advisors, Hub Investment Advisors, LLC, HUB International Investment Advisory Services, Inc., and Sheridan Road Advisors, LLC are wholly owned subsidiaries of Hub International. Learn more about Hub Retirement and Private Wealth.
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 14,000 employees in offices located throughout North America, Hub's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow. For more information, please visit www.hubinternational.com.
Media: Jessica Wiltse
Phone: 312-596-7573
jessica.wiltse@hubinternational.com
M&A: Clark Wormer
Phone: 312.279.4848
Clark.wormer@hubinternational.com
View original content to download multimedia:
SOURCE Hub International Limited | https://www.wibw.com/prnewswire/2022/06/20/hub-international-boosts-retirement-wealth-advisory-services-with-acquisition-assets-heritage-wealth-management-group-llc-pennsylvania/ | 2022-06-20T13:06:36Z |
NEW YORK, Sept. 13, 2022 /PRNewswire/ -- Fortune has announced that Christina Farr, Principal, OMERS Ventures, and Deena Shakir, Partner, Lux Capital, will join the Fortune Brainstorm Health community as guest co-chairs of the 2023 Brainstorm Health conference. Presented in collaboration with confirmed partner to date CVS Health, Brainstorm Health brings together forward-thinking and insightful leaders in health care, technology, and business to leverage the rapid growth across these sectors and explore ways to drive meaningful change worldwide. Brainstorm Health will take place April 25-26 at the Ritz-Carlton, Marina del Rey, CA.
Michal Lev-Ram, Editorial Director of Fortune Live Media says, "With changes in the health sector happening faster than ever, we are thrilled to welcome Christina and Deena—both of whom have a front-row seat to the biggest and most impactful innovations—to the Brainstorm Health team."
Christina Farr joined OMERS Ventures to lead the firm's activity in healthtech. She has led investments in a purpose-built social platform which aims to create a comprehensive support system for modern parenthood, and a digital healthcare company for college women. Earlier this year, she was identified as Venture Capital Journal's 40 Rising Stars and has become a regular commentator on the healthtech industry.
Of her participation in the conference, Farr says, "Fortune's Brainstorm Health event couldn't come at a more important time. As we come out of a public health crisis, we face an uncertain future for women's health and a challenging financial market for healthtech innovators. I can't imagine a better teammate than Lux's Deena Shakir to highlight the issues we are facing and discuss solutions, along with some of the most important voices in our industry."
Deena Shakir's investments span various stages and sectors, including women's health, digital health infrastructure, health equity, foodtech, and fintech. She previously was a Partner at GV, led product partnerships at Google for health, search, and AI/ML, and directed social impact investments at Google.org. Shakir also served as a Presidential Management Fellow at The U.S. Department of State under Secretary Clinton, where she helped launch President Obama's first Global Entrepreneurship Summit.
"I'm thrilled to be teaming up with the inimitable Chrissy Farr to co-chair Fortune Brainstorm Health," says Shakir. "As a prolific investor in health technology, I'm excited to convene with the disruptors, innovators, and difference-makers of the Fortune community to help advance the breakthroughs we're seeing in the healthcare ecosystem."
Farr and Shakir will be joining Brainstorm Health co-chairs Fortune Senior Writer Erika Fry, and Fortune Deputy Editor Jennifer Fields. For more information, visit https://fortune.com/conferences/.
Fortune drives the conversation about business. With a global perspective, the guiding wisdom of history, and an unflinching eye to the future, we report and reveal the stories that matter today—and that will matter even more tomorrow. With the trusted power to convene and challenge those who are shaping industry, commerce, and society around the world, Fortune lights the path for global leaders—and gives them the tools to make business better. www.fortune.com
Media Contact: Alison Klooster
Director of Communications
+1-646-437-6613
alison.klooster@fortune.com
View original content to download multimedia:
SOURCE FORTUNE Media | https://www.wibw.com/prnewswire/2022/09/13/christina-farr-deena-shakir-join-fortune-brainstorm-health-guest-co-chairs/ | 2022-09-13T16:06:33Z |
BENSALEM, Pa., May 26, 2022 /PRNewswire/ -- Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Arqit Quantum Inc. ("Arqit" or the "Company") (NASDAQ: ARQQ, ARQQW).
Class Period: September 7, 2021 – April 18, 2022
Lead Plaintiff Deadline: July 5, 2022
Investors suffering losses on their Arqit investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) Arqit's proposed encryption technology would require widespread adoption of new protocols and standards of for telecommunications; (2) British cybersecurity officials questioned the viability of Arqit's proposed encryption technology in a meeting in 2020; (3) the British government was not an Arqit customer but, rather, providing grants to Arqit; (4) Arqit had little more than an early-stage prototype of its encryption system at the time of the Merger; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
View original content:
SOURCE Law Offices of Howard G. Smith | https://www.mysuncoast.com/prnewswire/2022/05/26/arqq-arqqw-investors-have-opportunity-lead-arqit-quantum-inc-fka-centricus-acquisition-corp-securities-fraud-lawsuit/ | 2022-05-26T17:57:45Z |
NEW YORK, June 8, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Pegasystems Inc. ("Pegasystems" or the "Company") (NASDAQ: PEGA). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Pegasystems and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On May 29, 2020, Pegasystems was sued by one of its principal competitors, Appian Corporation ("Appian"), in Virginia circuit court, alleging that Pegasystems had stolen Appian's trade secrets and violated Virginia's computer crime law. Then, on May 9, 2022, Pegasystems disclosed that the Virginia circuit court jury awarded Appian more than $2 billion for Pegasystem's misappropriation of trade secrets. According to press reports, during the seven-week trial, the jury was presented with substantial evidence supporting Appian's claims, including videos, emails, and text messages, and evidence that Alan Trefler, Pegasystem's Founder and Chief Executive Officer, personally attended a meeting in which Appian trade secrets were provided to Pegasystems. The jury found that Pegasystems engaged in "willful and malicious" misappropriation of Appian's trade secrets.
On this news, Pegasystem's stock price fell $13.68 per share, or 20.75%, to close at $52.25 per share on May 10, 2022.
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
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.wibw.com/prnewswire/2022/06/09/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-pegasystems-inc-pega/ | 2022-06-09T02:56:53Z |
For the past two years, the federal government has turned away migrants at the U.S.-Mexico border, including those who are seeking asylum, using a public emergency health order known as Title 42. It was launched by the Trump administration at the start of the pandemic and continued under the Biden administration.
The U.S. Centers for Disease Control and Prevention recently announced that it plans to end Title 42 on May 23 because COVID-19 cases have decreased and vaccines are widely available. But that date is now in question because of Republican-led lawsuits aimed at keeping the policy in place.
What started as an effort to slow the spread of COVID-19 across the border has turned into a fierce debate over whether Title 42 should be continued as an immigration tool to block migrants from claiming asylum.
Here’s what you need to know about the law.
What is Title 42?
Title 42 is part of the Public Health Service Act of 1944 aimed at preventing the spread of communicable diseases in the country. According to the law, whenever the U.S. surgeon general determines there is a communicable disease in another country, health officials have the authority, with the approval of the president, to prohibit “the introduction of persons and property from such countries or places” for as long as health officials determine the action is necessary. That authority was transferred from the U.S. surgeon general to the director of the CDC in 1966.
Congress approved a similar law in 1893 during a cholera epidemic that gave the president authority to exclude people from certain countries during a public health emergency. It was used for the first time in 1929 to bar people coming from China and the Philippines during a meningitis outbreak.
Why was it activated?
The Trump administration invoked Title 42 for the first time since its creation in March 2020 as a way to help stop the spread of COVID-19 in immigrant detention centers, where many migrants are placed after they arrive at the U.S.-Mexico border.
According to The New York Times, Stephen Miller, a senior adviser to former President Donald Trump, had pushed the idea to invoke Title 42 at the U.S.-Mexico border as early as 2018, long before COVID-19 emerged.
As COVID-19 cases rose in the U.S., then-CDC Director Robert Redfield enacted Title 42 to seal the land borders with Canada and Mexico for migrants seeking asylum on March 20, 2020. The Associated Press reported that then-Vice President Mike Pence ordered Redfield to enact Title 42 over the objections of CDC scientists who said there was no evidence that it would slow the virus’ spread in the U.S.
Dr. Anthony Fauci, the nation’s top infectious disease expert, has said that immigrants are not driving up the number of COVID-19 cases.
How many migrants have been removed under Title 42?
Immigration officials have used the health order nearly 1.8 million times to expel migrants, many of whom have been removed multiple times after making repeated attempts to enter the U.S.
Under Title 42, the recidivism rate — the percentage of people apprehended more than once by a Border Patrol — has increased to 27%. Previously the rate was 7%.
During the Trump administration, immigration agents expelled all types of migrants; the Biden administration has instructed agents to exempt unaccompanied children from Title 42. When agents apprehend unaccompanied children, they are placed in a federal shelter or a state-run facility until they are reunited with a family member in the U.S. or until they find a sponsor.
While most migrants are sent across the border to Mexico under Title 42, others are returned to their home countries. Immigration officials also have the discretion to allow certain migrants to enter the country if there are “significant law enforcement, officer and public safety, humanitarian, and public health interests.”
What happens if Title 42 is ended?
Homeland Security predicts up to 18,000 daily encounters with migrants — more than double the current average — when Title 42 ends. Anticipating such an increase, the agency has released a plan that includes vaccinating migrants in U.S. Customs and Border Protection custody, adding 600 CBP agents across the southwest border, and increasing the capacity of federal holding centers from 12,000 to 18,000.
Rather than sending migrants directly to Mexico, immigration officials will process migrants arriving and determine if they have a credible asylum case or whether they qualify for any other immigration benefits that allow them to enter the country. If not, immigration agents will hold the migrants and deport them to their home countries.
Some asylum-seekers will be placed in the Migrant Protection Protocols, another Trump-era policy that forces migrants to wait in Mexico as their immigration cases make their way through U.S. courts. The Biden administration has sought to scrap the program, known as “remain in Mexico,” only to have a federal judge order it to be reinstated following a lawsuit by Texas Attorney General Ken Paxton.
The U.S. Supreme Court recently heard arguments on whether the White House has the right to end it and is expected to issue a ruling this year.
What’s the status of the legal fights over Title 42?
The public health order has been the subject of lawsuits in federal courts across the country.
On March 4, U.S. District Judge Mark Pittman in Fort Worth ruled in favor of Texas and ordered the Biden administration to stop exempting unaccompanied children from Title 42 expulsions. That same day, a federal appellate court in Washington, D.C., reaffirmed a lower court’s ruling in a separate case that it’s illegal to expel asylum-seeking migrant families to countries where they could be persecuted or tortured.
After the CDC announced that it was letting Title 42 expire, Arizona and 21 other states filed a federal lawsuit on April 3 in the Western District of Louisiana, asking a judge to stop the government from lifting Title 42. Texas filed a separate lawsuit on April 22 seeking the same thing.
Both lawsuits argue the Biden administration violated administrative procedural laws and that if Title 42 is lifted as planned, it could lead to chaos at the border.
On Wednesday, District Judge Robert R. Summerhays, an appointee of former President Donald Trump, temporarily blocked the Biden administration from winding down the use of Title 42 and indicated that he plans to block efforts to end Title 42 altogether.
Help mission-driven journalism flourish in Texas. The Texas Tribune relies on reader support to continue delivering news that informs Texans and engages with them. Donate now to join as a Texas Tribune member. Plus, give monthly or yearly now through May 5 and you’ll help unlock a $10K match. Give and double your impact today.
This story was first published at www.texastribune.org by The Texas Tribune. This story has been edited for length. The Texas Tribune is a nonpartisan, nonprofit media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues. | https://www.tdtnews.com/news/article_3f21d984-c81c-11ec-a9b6-ff4fbb742381.html | 2022-04-30T01:34:50Z |
LOUISVILLE, Ky., May 16, 2022 /PRNewswire/ -- Kentucky Fried Chicken (KFC) announced today that Kevin Hochman will step down from his role as President of KFC U.S. to assume a senior position at another public company, effective immediately. With Kevin's departure, Dyke Shipp, 56, KFC Division President, will assume direct management responsibility of the KFC U.S. business in the interim until a new President of KFC U.S. is announced.
"I want to thank Kevin for his leadership, his bold and creative thinking and his unwavering focus on keeping the iconic KFC brand culturally relevant for consumers," said Sabir Sami, KFC Division CEO. "As Kevin moves on to another opportunity, we're thankful for the strong and experienced leadership team at KFC U.S. Dyke is an accomplished executive with a strong track record of elevating KFC's unique and distinctive culture, shaping leaders around the world and driving an ambitious global development agenda. He already has oversight of KFC U.S. as Head of the North and South America business units, and will continue working closely with the leadership team to ensure a seamless transition."
Sami added, "As we look ahead, I couldn't be more excited about the future of KFC as we continue working with our talented leaders and amazing franchisees to further strengthen and accelerate the development of our iconic, well-loved brand globally."
Shipp brings over 30 years of experience with Yum! Brands and expertise successfully leading KFC's development and people and culture strategies. Earlier this year, Shipp was promoted to global KFC Division President, reporting to Sami. In this role, Shipp partners with Sami on KFC's global people and growth agenda. Shipp also supports General Managers of its businesses in the Americas, including the U.S., Canada and Latin America and the Caribbean. Prior to this, Shipp served as both Chief People Officer and Chief Development Officer for KFC Global.
About KFC
KFC Corporation, based in Louisville, Ky., has been serving up Finger Lickin' Good Original Recipe® fried chicken since 1952. Beyond the top secret 11 herbs & spices, KFC specialties include the KFC Chicken Sandwich, Extra Crispy™ chicken and Extra Crispy™ Tenders, KFC Famous Bowls®, Pot Pies, Secret Recipe Fries, biscuits and homestyle sides. There are more than 26,000 KFC restaurants in over 145 countries and territories around the world. KFC Corporation is a subsidiary of Yum! Brands, Inc., Louisville, Ky. (NYSE: YUM). For more information, visit www.kfc.com. Follow KFC on Facebook, Twitter, Instagram and TikTok.
View original content to download multimedia:
SOURCE Kentucky Fried Chicken | https://www.kxii.com/prnewswire/2022/05/16/kevin-hochman-depart-kfc-us-dyke-shipp-kfc-division-president-continues-oversight-kfc-us/ | 2022-05-16T21:45:21Z |
Organization Formed in 2020 to Support and Transform Less-Than-Truckload Industry Will Benefit From Knowledge, Resources of Established Outfit
ALEXANDRIA, Va., June 14, 2022 /PRNewswire/ -- The National Motor Freight Traffic Association has announced an agreement to take over the administration and directorship of the Digital LTL Council.
The Digital LTL Council was formed in November 2020 by a diverse group of industry executives committed to the full digitalization of the LTL industry. In its new role, NMFTA will bring industry expertise, dedicated resources, marketing and legal support – in addition to the financial resources needed to accelerate the Council's work.
"The NMFTA is extremely pleased that the current members of the Digital LTL Council have voted overwhelmingly to accept our proposal to sponsor the Council," said Paul Dugent, a board member and recent executive director of NMFTA. "We look forward to bringing their vision to fruition."
According to Brian Thompson of Digital LTL Council member SMC3, the Council brings together carriers, logistics service providers, shippers and technology providers with the sole focus of developing a set of uniform standards that supports the scalable automation and digitalization of LTL shipment management. The Council released its first set of standards to support the electronic bill of lading in late 2021, and work continues with a focus on shipment visibility and freight exception handling.
Debbie Sparks, who recently took over as executive director of NMFTA, said the two organizations are an ideal fit for each other.
"Both the Digital LTL Council and the National Motor Freight Traffic Association were formed to serve and forward the interests of the LTL industry," Sparks said. "Those of us at NMFTA are excited about the Digital LTL Council's mission of digitization, and with the resources and expertise we can now bring to the effort, we look forward to declaring the mission accomplished soon."
About NMFTA
Since 1956, the National Motor Freight Traffic Association, Inc. (NMFTA) has represented the interests of the less-than-truckload (LTL) motor carrier industry. NMFTA is committed to helping LTL carriers meet the challenges confronting the transportation industry in the 21st century through research, education and the publication of specifications, rules, transportation codes and the preparation and dissemination of studies, reports and analyses. Membership in NMFTA is available to all for-hire interstate and intrastate motor carriers.
About the Digital LTL Council
The Digital LTL Council brings together carriers, logistics service providers, shippers and technology providers with the sole focus of developing a set of uniform standards that support the scalable automation and digitalization of LTL shipments.
Member companies of the Digital LTL Council include:
- ArcBest
- Averitt Express
- Banyan Technologies
- Blue Grace Logistics
- Blue Yonder
- C.H. Robinson
- Coyote
- Dayton Freight
- Echo Global Logistics
- Estes Express
- FourKites
- J. B. Hunt
- Manhattan Associates
- Maven Machines
- MyCarrierTMS
- Old Dominion Freight Line
- Peninsula Truck Lines
- Pitt Ohio
- Project44
- Quad Graphics
- SAIA LTL Freight
- SMC3
- TQL
- Transplace
- Uline
- Ward Trucking
- Worldwide Express
- XPO Logistics
- Yellow Corporation
Contact:
Debbie Sparks
Executive Director
Debbie.Sparks@nmfta.org
703-838-1810
View original content to download multimedia:
SOURCE National Motor Freight Traffic Association | https://www.kxii.com/prnewswire/2022/06/14/national-motor-freight-traffic-association-agrees-assume-administration-digital-ltl-council/ | 2022-06-14T18:54:34Z |
LOS ANGELES, July 19, 2022 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Okta, Inc. ("Okta" or "the Company") (NASDAQ: OKTA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between March 5, 2021 and March 22, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before July 19, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Okta failed to maintain appropriate cybersecurity controls. The Company's systems were vulnerable to security intrusion by bad actors. The Company suffered from a hacking incident that potentially impacted hundreds of customers. The Company initially downplayed the severity of the hack. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Okta, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
View original content to download multimedia:
SOURCE The Schall Law Firm | https://www.mysuncoast.com/prnewswire/2022/07/19/final-deadline-alert-schall-law-firm-encourages-investors-okta-inc-with-losses-100000-contact-firm/ | 2022-07-19T15:05:27Z |
HAMILTON, Bermuda, Aug. 17, 2022 /PRNewswire/ -- Höegh LNG Partners LP's (NYSE: HMLP) second quarter 2022 results will be released on Wednesday, August 24, 2022, before the market opens. In connection with this, a presentation will be held at 8:30 A.M. (EST) on Wednesday, August 24, 2022. The results and presentation material will be available for download at http://www.hoeghlngpartners.com.
The presentation will be immediately followed by a Q&A session. Participants will be able to join this presentation using the following details:
a. Webcast
https://app.webinar.net/E3qLlRjln9Y
b. Teleconference
Participants should ask to be joined into the Höegh LNG Partners LP call.
There will be a Q&A session after the presentation. Information on how to ask questions will be given at the beginning of the Q&A session.
For those unable to participate in the conference call, a replay will be available from one hour after the end of the conference call until August 31, 2022.
The replay dial-in numbers are as follows:
Replay passcode: 9296187
Media:
The IGB Group, Bryan Degnan, +1 (646) 673-9701 / Leon Berman, +1 (212) 477-8438
www.hoeghlngpartners.com
View original content:
SOURCE Hoegh LNG Partners LP | https://www.wibw.com/prnewswire/2022/08/17/hegh-lng-partners-lp-invitation-presentation-second-quarter-2022-results/ | 2022-08-17T21:18:06Z |
- Since future generations will shape the world, the Council of Igniters aims to improve Globant to evolve as a company
- This first edition's advisory board members were selected for their leadership among young communities and for being rising stars in various topics such as innovation, sustainability, education, and diversity
BUENOS AIRES, Argentina, Aug. 25, 2022 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, launched its "Council of Igniters," the first-ever corporate advisory board comprised entirely of Centennials or Gen Zers (those born between 1996 and 2012). The new advisory board will bring a fresh and innovative perspective to support Globant constant reinvention, towards designing the future of organizations and attracting the next generation of top global talent.
The Council of Igniters will provide Globant executives with their perspectives on diverse Company initiatives and top global issues such as climate change, entrepreneurship and the transformation of work, diversity and inclusion, education, gaming & entertainment, and music. The Council of Igniters will reconvene with the aim of obtaining different insights and uncovering new goals. The kick-off happened last week at Globant's Headquarters in Buenos Aires, Argentina.
"Globant believes that diverse teams are better at problem-solving because they bring innovative perspectives and life experiences to devise disruptive solutions," said Patricia Pomies, Chief Operating Officer, Globant. "Generational Diversity is a key pillar of our BeKind Initiative: giving voice to people of different ages is a must to discussing key issues, particularly in today's era of rapid and constant technological transformation. We are excited to keep reinventing and to be the first company to create this one-of-a-kind council of advisors."
"One of our central values is to seek reinvention in everything we do. To stay relevant, we need to remain open to different perspectives to provide great reinvention paths for our clients and ourselves as a leading global organization," said Martin Migoya, Co-founder and CEO of Globant. "The challenges and ideas that will come out of the Council of Igniters will complement the input of our employees and customers across the globe, and will enhance Globant's understanding of societal new horizons. This understanding is fundamental to our ability to keep building a unique culture for global talent, providing relevant solutions to our customers, and being champions of disruption in the technology space."
First Meeting of Council of Igniters Outcomes
During the past week in Buenos Aires, six influencers from Latin American countries (including Argentina, Brazil, Chile, Colombia, and Mexico) gathered with Globant's Top Management and leaders of different expertise, in the first Globant's Council of Igniters meeting. Through in-depth analysis and discussions, they contributed their points of view, suggestions, and life experiences in their different areas of expertise. Some interesting takeaways that emerged from the workshops include:
- Blockchain and Gaming are the future: In a world where the economic gap between social groups is increasingly widening, Igniters see technology as an ally to help reduce this problem – and specifically blockchain technology. They also identify gaming technologies as essential for companies to attract the attention of their generation.
- Technology is the strongest tool to combat the gender gap: Although it is a widespread social problem, Igniters agree that the technology industry appears to be one of the key areas in which companies can take action to reduce the gender gap by using more inclusive programming language, product designs, and more.
- Sustainability and the environment connect everyone: Organizations that help improve the environment and prioritize sustainability are allies of the new generation. Igniters value, are interested in, and immerse themselves in these initiatives, and are more inclined to support companies that also reflect and take action toward these principles.
- The Metaverse is the new 90s internet: For them, the Metaverse is similar to how the internet was in the 1990s, in that they are unsure of what potential it has. But, they believe organizations should be making it a priority to find out. Additionally, they consider the metaverse to be where their generation can digitally claim their authentic identities. Beyond all of the remaining questions that surround this technology, something is certain: virtual spaces like the metaverse motivate many people to express themselves as they are.
- The transformation of work is flexible and purpose-driven: Igniters confirmed that new generations need a flexible workplace to be able to express their creativity and an organization that provides professional development opportunities which will help them grow beyond their perceived limits. To develop professionally in a company, they believe it is important that the company shares its purpose openly and how this links to young people's goals and desires.
Find the Media Kit, here
About Globant
We are a digitally native company that helps organizations reinvent themselves and unleash their potential. We are the place where innovation, design and engineering meet scale.
- We have more than 25,900 employees and we are present in 20 countries working for companies like Google, Electronic Arts and Santander, among others.
- We were named a Worldwide Leader in CX Improvement Services by IDC MarketScape report.
- We were also featured as a business case study at Harvard, MIT, and Stanford.
- We are a member of The Green Software Foundation (GSF) and the Cybersecurity Tech Accord.
Contact: pr@globant.com
Sign up to get first dibs on press news and updates.
For more information, visit www.globant.com.
View original content to download multimedia:
SOURCE Globant | https://www.wibw.com/prnewswire/2022/08/25/globant-creates-first-generation-z-corporate-advisory-board-council-igniters/ | 2022-08-25T16:20:10Z |
Osage Co. woman dubbed hero after saving life of woman in serious accident
OSAGE CO., Kan. (WIBW) - A local woman has been dubbed a hero after being credited with saving the life of a woman who had sustained serious injuries during a car accident in March.
On Thursday, July 21, the Osage Co. Sheriff’s Office says Sheriff Wells presented Amanda Lockhart with a lifesaving award for her heroic actions during a March 25 wreck.
Around 7:10 p.m. on March 25, 2022, the Sheriff’s Office said Lockhart was traveling in her personal vehicle when she came across a serious accident on 268 Highway and Pomona Dam Rd. She parked her vehicle and started to check on the driver and passenger, Duane and Cyndi Shively, who were still in the vehicle when she had stopped.
The Sheriff’s Office said Duane was able to exit the vehicle, and it was then that Lockhart saw Cyndi had sustained serious injuries. She immediately, and without regard for her own safety, jumped into action to help Cyndi. She got into the vehicle and started to give medical aid while awaiting deputies, first responders, fire personnel and EMS to arrive.
Once officials arrived on the scene, they said Lockhart remained in the vehicle and continued to assist as they worked to get Cyndi out of the car.
Without Lockhart’s quick and selfless actions, the Sheriff’s Office said the outcome of the accident would most likely have been drastically different.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/07/23/osage-co-woman-dubbed-hero-after-saving-life-woman-serious-accident/ | 2022-07-23T21:44:17Z |
- Net loss for the first quarter of 2022, including net charges related to the Ukraine Conflict, was $2.0 billion, or $8.35 per share.
- Net income for the first quarter of 2022 was $540 million, or $2.23 per share, after adjustments for net charges related to the Ukraine Conflict and other items.
DUBLIN, May 17, 2022 /PRNewswire/ -- AerCap Holdings N.V. (NYSE: AER), the global leader in aviation leasing, today reported financial results for the first quarter of 2022 ended March 31, 2022.
"During the first quarter, we continued to see a broad-based recovery in travel around the world as governments lifted travel restrictions and demand for travel continued to increase. We expect to see demand for travel continue to grow as the recovery progresses," said Aengus Kelly, Chief Executive Officer of AerCap.
"During the first quarter, we ceased all of our leasing activity to Russian airlines and took a charge primarily related to our aircraft and engines that remain in Russia. We have filed insurance claims related to these assets and will vigorously pursue all available remedies to recover our losses," Mr. Kelly added.
Highlights:
- Executed 157 transactions in the first quarter of 2022, including 102 lease agreements, 25 purchases and 30 sales.
- First quarter cash flow from operating activities was $1.3 billion, more than three times higher than the first quarter of 2021.
- Continued to see significant improvements in cash collections, trade receivables and deferral requests.
- Adjusted debt/equity ratio of 2.9 to 1 at March 31, 2022.
- 92% of new aircraft order book placed through 2023.
- $17 billion in total sources of liquidity, representing next 12 months' sources-to-uses coverage ratio of 2.1x.
Revenue and Net Spread
Basic lease rents were $1,554 million for the first quarter of 2022, compared with $889 million for the same period in 2021. The increase was primarily due to the impact of the GECAS acquisition. Basic lease rents were reduced by $57 million in the first quarter of 2022 as a result of the amortization of lease premium assets.
Maintenance rents and other receipts were $186 million for the first quarter of 2022, compared with $183 million for the same period in 2021.
Net gain on sale of assets for the first quarter of 2022 was $3 million, relating to 23 assets sold for $452 million, compared with $5 million for the same period in 2021, relating to nine aircraft sold for $184 million. The decrease was primarily due to the composition of asset sales.
Other income for the first quarter of 2022 was $47 million, compared with $19 million for the same period in 2021. The increase was primarily due to higher management fee income, interest income and other income as a result of the GECAS acquisition.
Interest expense excluding mark-to-market of interest rate caps and swaps was $417 million for the first quarter of 2022, compared with $291 million for the same period in 2021. AerCap's average cost of debt was 3.0% for the first quarter of 2022, and 3.7% for the same period in 2021, excluding debt issuance costs, upfront fees and other impacts.
Net Charges Related to Ukraine Conflict
In response to the Russian invasion of Ukraine and sanctions imposed by the United States, the European Union, the United Kingdom and other countries, we terminated the leasing of all our aircraft and engines with Russian airlines. Prior to the Russian invasion, we had 135 aircraft and 14 engines on lease with Russian airlines, which represented approximately 5% of AerCap's fleet by net book value as of December 31, 2021. We have removed 22 aircraft and 3 engines outside of Russia, and 113 aircraft and 11 engines remain in Russia.
During the first quarter of 2022, we recognized a pre-tax charge of $2.7 billion ($2.4 billion after-tax) to our earnings, comprised of flight equipment write-offs and impairments, which were partially offset by the derecognition of lease-related assets and liabilities. We recognized a total loss on our assets that remain in Russia and Ukraine and impairment losses on the assets we have recovered from Russian and Ukrainian airlines.
We had letters of credit related to our aircraft and engines leased to Russian airlines as of February 24, 2022 of approximately $260 million, confirmed by nine financial institutions in Western Europe. We have presented requests for payment to all these institutions. To date, we have received payments of $210 million related to these letters of credit. We have initiated legal proceedings against one financial institution which rejected our payment demands in respect of certain letters of credit.
Our lessees are required to provide insurance coverage with respect to leased aircraft and we are named as insureds under those policies in the event of a total loss of an aircraft or engine. We also purchase insurance which provides us with coverage when our flight equipment are not subject to a lease or where a lessee's policy fails to indemnify us. We have submitted an insurance claim for approximately $3.5 billion with respect to all aircraft and engines remaining in Russia and intend to pursue all of our claims under these policies with respect to our assets leased to Russian airlines as of February 24, 2022. However, the timing and amount of any recoveries under these policies are uncertain and we have not recognized any claim receivables as of March 31, 2022.
Selling, General and Administrative Expenses
Selling, general and administrative expenses increased to $97 million for the first quarter of 2022, compared with $57 million for the same period in 2021. The increase was primarily driven by higher expenses as a result of the GECAS acquisition and is consistent with our $150 million annual expense savings target from the GECAS acquisition.
Other Expenses
Asset impairment charges were $2 million for the first quarter of 2022, compared to $16 million for the same period in 2021. Asset impairment charges recorded in the first quarter of 2022 related to lease terminations and were offset by related maintenance revenue. Leasing expenses were $208 million for the first quarter of 2022, compared with $45 million for the same period in 2021. The increase was primarily due to higher leasing expenses and an increase in maintenance rights expense as a result of the GECAS acquisition.
Effective Tax Rate
AerCap's effective tax rate was 12.2% for the first quarter of 2022, compared to 15% for the first quarter of 2021. During the first quarter of 2022, we recorded an income tax benefit due to the recognition of net charges related to the Ukraine Conflict. Excluding these charges, our effective tax rate was 14%. The effective tax rate is impacted by the source and amount of earnings among our different tax jurisdictions as well as the amount of permanent tax differences relative to pre-tax income or loss, and certain other discrete items.
Book Value Per Share
Financial Position
Flight Equipment Portfolio
As of March 31, 2022, AerCap's portfolio consisted of 3,615 aircraft, engines and helicopters that were owned, on order or managed. The average age of the company's owned aircraft fleet as of March 31, 2022 was 7.0 years (3.6 years for new technology aircraft, 12.9 years for current technology aircraft) and the average remaining contracted lease term was 7.3 years.
Notes Regarding Financial Information Presented in This Press Release
The financial information presented in this press release is not audited.
Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
The following are definitions of non-GAAP measures used in this press release. We believe these measures may further assist investors in their understanding of our operational performance.
Adjusted net income / earnings per share
Adjusted net income is calculated as net loss excluding the after-tax impact of net charges related to the Ukraine Conflict, the amortization of maintenance rights and lease premium assets recognized under purchase accounting, and GECAS transaction and integration-related expenses. Adjusted earnings per share is calculated by dividing adjusted net income by the weighted average of our ordinary shares outstanding. Given the relative significance of these items during the first quarter of 2022, we have chosen to present this measure in order to assist investors in their understanding of the changes and trends related to our earnings.
Adjusted debt/equity ratio
This measure is the ratio obtained by dividing adjusted debt by adjusted equity.
- Adjusted debt means consolidated total debt less cash and cash equivalents, and less a 50% equity credit with respect to certain long-term subordinated debt.
- Adjusted equity means total equity, plus the 50% equity credit relating to the long-term subordinated debt.
Adjusted debt and adjusted equity are adjusted by the 50% equity credit to reflect the equity nature of those financing arrangements and to provide information that is consistent with definitions under certain of our debt covenants. We believe this measure may further assist investors in their understanding of our capital structure and leverage.
Net interest margin, annualized net spread, annualized net spread less depreciation and amortization and average cost of debt
Net interest margin is calculated as the difference between basic lease rents and interest expense, excluding the impact of the mark-to-market of interest rate caps and swaps. Annualized net spread is net interest margin expressed as a percentage of average lease assets. Annualized net spread less depreciation and amortization is net interest margin less depreciation and amortization, including maintenance rights expense, expressed as a percentage of average lease assets. Average cost of debt is calculated as interest expense, excluding mark-to-market on interest rate caps and swaps, debt issuance costs, upfront fees and other impacts, divided by average debt balance. We believe these measures may further assist investors in their understanding of the changes and trends related to the earnings of our leasing activities. These measures reflect the impact from changes in the number of aircraft leased, lease rates and utilization rates, as well as the impact from changes in the amount of debt and interest rates.
Lease assets
Lease assets include flight equipment held for operating leases, flight equipment held for sale, net investment in finance leases and maintenance rights assets.
Conference Call
In connection with its report of first quarter 2022 results, management will host a conference call with members of the investment community today, Tuesday, May 17, 2022, at 8:30 am Eastern Time. The call can be accessed live via webcast by AerCap's website at www.aercap.com under "Investors", or by dialing (U.S./Canada) +1 929 477 0448 or (International) +353 1 246 5638 and referencing code 5103066 at least 5 minutes before start time.
The webcast replay will be archived in the "Investors" section of the company's website for one year.
For further information, contact Joseph McGinley: +353 1 418 0428 (jmcginley@aercap.com).
About AerCap
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle, Toulouse and other locations around the world.
Forward-Looking Statements
This press release contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements". In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "should," "expect," "plan," "intend," "will," "aim," "estimate," "anticipate," "believe," "predict," "potential" or "continue" or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors, including the impacts of, and associated responses to: the Ukraine Conflict; the Covid-19 pandemic; our ability to successfully integrate GECAS' operations and employees and realize anticipated synergies and cost savings; and the potential impact of the consummation of the GECAS transaction on relationships, including with employees, suppliers, customers and competitors, that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information regarding AerCap and to be added to our email distribution list, please visit www.aercap.com and follow us on Twitter www.twitter.com/aercapnv.
View original content to download multimedia:
SOURCE AerCap Holdings N.V. | https://www.kxii.com/prnewswire/2022/05/17/aercap-holdings-nv-reports-financial-results-first-quarter-2022/ | 2022-05-17T11:46:02Z |
BEIJING, Aug. 18, 2022 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") in China, today announced that its operating affiliate eMapGo Technology (Beijing) Co., Ltd. ("EMG"), a leading provider of navigation and electronic map services in China, has received the Microsoft FY22 Top App Innovation Partner Award.
EMG has served as a Microsoft independent software vendor ("ISV") partner since 2019, working with Microsoft in support of promoting the commercialization process for autonomous driving and digital transformation for Chinese clients in the automobile industry.
Mr. Xuesong Song, Luokung's Chairman and CEO, stated, "We are pleased to be recognized by our partner Microsoft. Over the course of the past three years, we have established and continued to strengthen our partnership with Microsoft in areas in which EMG specializes."
Mr. Song added, "The mass production of smart cars and the development of smart transportation have presented tremendous opportunities to fuel large-scale commercialization of autonomous driving services with potential for significant growth. We believe that EMG's core competencies, in addition to Microsoft's abilities in cutting-edge fields like cloud computing, artificial intelligence and mix reality, will add strong momentum within the industry to accelerate digital transformation development for automobile customers in China. We also expect to expand our collaboration and innovation with Microsoft in areas like autonomous driving and smart transportation based on new energy and intelligent network, among others, and promote joint efforts in providing green, low-carbon, safe and efficient smart driving and smart mobility solutions."
About Luokung Technology Corp.
Luokung Technology Corp. is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS for various industries in China. Backed by its proprietary technologies and expertise in multi-sourced intelligent spatial-temporal big data, Luokung has established city-level and industry-level holographic spatial-temporal digital twin systems and actively serves industries including smart transportation (autonomous driving, smart highway and vehicle-road collaboration), natural resource asset management (carbon neutral and environmental protection remote sensing data service), and LBS smart industry applications (mobile Internet LBS, smart travel, smart logistics, new infrastructure, smart cities, emergency rescue, among others). The Company routinely provides important updates on its website: https://www.luokung.com.
ABOUT EMAPGO
eMapgo, a variable interest entity ("VIE") of Luokung, is a leading provider of navigation and electronic map services in China, as well as a leading provider in Internet map services, geographic information system engineering and other A-level mapping qualifications. EMG possesses the National Class-A qualification certificates of navigable Surveying and Mapping, and actively develops autonomous driving and HD Map services. In March 2021, Luokung closed on the acquisition of EMG through the purchase of the equity interests of Saleya Holdings Limited, which, through a series of contracts between its wholly-owned subsidiary DMG Infotech Co., Ltd. and EMG, made EMG Luokung's VIE. For more information, please visit EMG's website: www.emapgo.com.cn.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding our or our management's expectations, hopes, beliefs, intentions or strategies regarding the future and other statements that are other than statements of historical fact. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate", "believe", "continue", "could", "estimate", "expect", "intend", "may", "might", "plan", "probable", "potential", "should", "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination and analysis of the existing law, rules and regulations and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you the statement herein will be accurate. As a result, you are cautioned not to rely on any forward-looking statements.
CONTACT:
The Company:
Mr. Jay Yu
Chief Financial Officer
Tel: +86-10-6506-5217
Email: ir@luokung.com
Investor Relations:
Ms. Carolyne Sohn
Vice President
The Equity Group Inc.
Tel: 415-568-2255
Email: csohn@equityny.com
Ms. Alice Zhang
Investor Relations Analyst
The Equity Group Inc.
Tel: 212-836-9610
Email: azhang@equityny.com
View original content:
SOURCE Luokung Technology Corp. | https://www.kxii.com/prnewswire/2022/08/18/luokung-affiliate-emapgo-wins-2022-microsoft-top-app-innovation-partner-award/ | 2022-08-18T13:24:18Z |
TSX: GPR | NYSE American: GPL
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 15, 2021, to its short form base shelf prospectus dated September 10, 2021.
VANCOUVER, BC, Aug. 4, 2022 /PRNewswire/ - Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great Panther" or the "Company") reports that it has closed the previously announced sale of its Mexican subsidiary Minera Mexicana El Rosario S.A. de C.V. ("MMR"), which owns the Guanajuato Mine Complex (the "GMC"), the Topia mine, and the El Horcón and Santa Rosa projects, to Guanajuato Silver Company Ltd. ("GSilver").
The consideration payable to the Company comprised:
- US$8,000,000 of cash, plus additional cash of approximately US$1,350,000 pursuant to the working capital adjustment described below
- 25,787,200 common shares of GSilver, valued at approximately US$6,700,000 as of the announcement of the transaction on June 29, 2022, and US$8,921,172 as of the close of business on August 4, 2022
- US$500,000, if at any time following the closing date the GMC and Topia produce an aggregate of 2.5 million ounces of silver
- US$750,000 if the price of silver closes at or above US$27.50 per ounce over a period of 30 consecutive trading days at any time within two years of closing
- US$750,000 if the price of silver closes at or above US$30.00 per ounce over a period of 30 consecutive trading days at any time within three years of closing
Fifty percent of the shares are subject to the statutory hold period of four months, 25% are subject to an eight-month hold period and the remaining 25% are subject to a 12-month hold period. The US$1,350,000 working capital adjustment described above is based on estimate of the difference between MMR's working capital at closing and an agreed target level of working capital. The final adjustment will be determined post-closing.
Approximately US$3,450,000 of the sale proceeds were used to repay all outstanding indebtedness pursuant to a lead concentrate prepayment agreement between MMR, the Company (as guarantor) and Samsung C&T U.K. Ltd. ("Samsung"), a wholly owned subsidiary of Samsung C&T Corporation. Upon repayment of the Samsung indebtedness, Samsung released its security interest in the MMR shares and GSilver assumed all future obligations of the Company under the agreement.
Upon completion of the transaction, the Company issued 171,153 common shares to its financial advisor at a deemed issue price of US$1.30. The shares are subject to a four month hold period under Canadian securities law that will expire on December 5, 2022.
ABOUT GREAT PANTHER
Great Panther Mining is a precious metals producer focused on the operation of the Tucano Gold Mine in Brazil where the Company controls a land package covering nearly 200,000 hectares in the prospective Vila Nova Greenstone belt. Great Panther's aim is to create long-term stakeholder value through safe, sustainable production and reinvest into exploration to tap into the potential of the Tucano Gold Mine to replace resources, extend mine life and make new discoveries. Great Panther trades on the Toronto Stock Exchange trading under the symbol GPR and on the NYSE American under the symbol GPL.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of Canadian securities laws (together, "forward-looking statements"). Such forward-looking statements may include, but are not limited to, (i) additional amounts payable by GSilver to MMR based on future production or the price of silver and (ii) statements regarding the Company's growth orientation and focus on creating long-term stakeholder value through safe and sustainable production and reinvesting into exploration.
These forward-looking statements and information reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory risks and uncertainties, including risks described in respect of Great Panther in its most recent annual information form and management's discussion and analysis filed with the Canadian Securities Administrators and available at www.sedar.com and its most recent annual report on Form 40-F and management's discussion and analysis on Form 6-K filed with the Securities and Exchange Commission and available at www.sec.gov.
There is no assurance that these forward-looking statements will prove accurate or that actual results will not vary materially from these forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described, or intended. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward-looking statements and information are designed to help readers understand management's current views of our near- and longer-term prospects and may not be appropriate for other purposes. The Company does not intend, nor does it assume any obligation to update or revise forward-looking statements or information, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by applicable law.
View original content to download multimedia:
SOURCE Great Panther Mining Limited | https://www.mysuncoast.com/prnewswire/2022/08/04/great-panther-completes-sale-guanajuato-mine-complex-topia-mine-mexico/ | 2022-08-04T22:35:19Z |
Here’s what getting more expensive at the grocery store
By Danielle Wiener-Bronner, CNN Business
Food prices keep going up.
In the year ending in March, not adjusted for seasonal swings, food prices rose 8.8% — the biggest 12-month increase since the year ended May 1981, the Bureau of Labor Statistics reported Tuesday.
Over the past year, virtually every type of food has become more expensive.
Groceries overall got 10% more expensive. Flour jumped 14.2%, milk rose 13.3%, eggs went up 11.2% and fruits and vegetables went up 8.5%. Bacon increased 18.2%.
A number of factors have tightened food supplies across several categories as demand stayed strong, causing prices to spike across the board.
One problem is environmental. Droughts in Brazil, the United States and Canada impacted crops from coffee to soy to wheat, said William Osnato, senior research analyst at Gro Intelligence, an agricultural data analytics firm.
The war in Ukraine has disrupted the wheat market, sending prices spiking. Plus, supply issues are also impacting the global vegetable oil market. A deadly avian flu is reducing the egg supply and driving wholesale egg prices way up, and threatening consumer prices as well.
It will take a while before prices come back down, Osnato noted.
“We’re not about to grow our way out of it with a good US crop,” he said. “That’s not going to solve anything. We’re going to be in a high food price environment for more than a year.”
Butter spikes
Not every single food item got pricier last month. But several did.
Many shelf-stable goods saw big jumps from February to March, according to seasonally adjusted data from the BLS. The price of canned vegetables jumped 4.2%, while the dried beans, peas and lentils category went up 4.4%. Rice got 3.2% more expensive, and crackers and bread increased 2.7%.
Fresh staples got more expensive as well. Uncooked ground beef jumped 2.1%. Milk grew 1.3%. Fresh vegetables grew 2.6%.
But the biggest jump? Butter, with a 6% increase.
“The global supply of milk over the past six months or so has contracted in a significant way,” said Rob Fox, director of the knowledge exchange division at CoBank, which provides financial services to agribusiness.
In the United States, “the milk production forecast for 2022 is 226.0 billion pounds, 1.2 billion lower than last month’s forecast and a projected decrease of 0.3 billion pounds from 2021,” according to the USDA’s dairy outlook released last month. “This would be the first year-over-year decrease in milk production since 2009.”
But why was butter up 6% in March, while milk rose only 1.3%?
Fox explained that when milk supplies get squeezed and demand for milk is up or steady, butter is the first thing to get hit. That’s because it’s a relatively small part of the dairy market. “It can have significant price volatility,” Fox said, noting that spikes in butter prices mean that other dairy goods could get more expensive too.
A few items did become cheaper last month. Doughnut prices fell 1.7%, peanut butter got 1.5% cheaper and ham prices declined 1.2%.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/04/13/heres-what-getting-more-expensive-at-the-grocery-store/ | 2022-04-13T15:01:23Z |
After 15+ years of outstanding service, Sheila A. Penrose will retire from the Board
Tony Capuano, Marriott International; Jennifer Taubert, Johnson & Johnson; and Amy Weaver, Salesforce, will join McDonald's Corporation's Board of Directors
Five Things to Know files with quotes from Tony, Jennifer and Amy and headshots are embedded within this release.
CHICAGO, Aug. 22, 2022 /PRNewswire/ -- McDonald's Corporation (NYSE: MCD) today announced the retirement of Sheila A. Penrose from the McDonald's Board of Directors. The Company also announced the election of Tony Capuano, Marriott International; Jennifer Taubert, Johnson & Johnson; and Amy Weaver, Salesforce, to the Board. Sheila's retirement will be effective September 30 and the election of Tony, Jennifer and Amy takes effect October 1.
"For over 15 years, Sheila has been a deeply committed and highly valued member of our Board. We have all benefited from her thoughtful counsel, strong expertise and unwavering dedication to McDonald's. Through her leadership of the Sustainability and Corporate Responsibility Committee, Sheila has overseen McDonald's critical progress against our ambitious climate, responsible sourcing and diversity, equity and inclusion goals, positioning us as a leader in the industry. We are grateful for all that she has done for McDonald's and the communities we serve," said Enrique Hernandez, Jr., McDonald's Chairman of the Board. "It is a testament to this great brand, and a continuation of the rich legacy of its Board, that we are welcoming such experienced, global leaders to help steward McDonald's continued success. Each of these individuals represent the highest caliber of values-based leadership, bringing deep and varied expertise to help guide the Company."
"Sheila has been a tremendous resource for me on our Board of Directors. She's helped to spearhead our sustainability efforts and advocated on behalf of the larger role that McDonald's plays in communities around the world. I will miss her," said Chris Kempczinski, McDonald's President and Chief Executive Officer. "At the same time, I'm excited to welcome Tony, Jennifer and Amy to McDonald's. They are inspiring leaders with a demonstrated track-record leading large, complex organizations. Their experience stewarding some of the world's most respected global brands will benefit McDonald's greatly and position the Company for continued growth."
Today's appointments include:
- Anthony Capuano who serves as CEO of Marriott International, a global hospitality company with a footprint of over 8,100 properties around the world that are home to some of the most well-known and iconic brands in travel. Capuano brings deep experience in real estate and leading an organization with a significant focus on franchising and driving digital customer engagement through its Marriott Bonvoy® loyalty program. Under Capuano's leadership, the company launched "Marriott's Bridging the Gap" program, a multi-year development initiative focused on fostering a more diverse and inclusive owner and franchisee base.
- Jennifer Taubert who serves as Executive Vice President and Worldwide Chairman, Pharmaceuticals at Johnson & Johnson, the world's largest and most broadly based healthcare company. As leader of the company's largest sector, with $52 billion in worldwide sales and more than 45,000 employees, Taubert has extensive experience navigating the complexities of a global business in a highly dynamic environment. A purpose-driven leader, she has dedicated her career to healthcare and making a positive impact for people and communities on a global scale. Taubert has been named to Fortune's "Most Powerful Women" list for the past six years.
- Amy Weaver who serves as President and Chief Financial Officer of Salesforce, the leader in customer relationship management technology. A seasoned executive with extensive financial, legal and digital experience, Weaver is responsible for leading Salesforce's global finance organization. Before her appointment in 2021, she served as the company's Chief Legal Officer. Weaver has driven many of Salesforce's most strategic and operational initiatives, translating social imperatives into business successes. She also brings a deep understanding of the hospitality industry and customer experience from her time in leadership at Expedia.com, the online travel company.
About McDonald's
McDonald's is the world's leading global foodservice retailer with nearly 40,000 locations in over 100 countries. Approximately 95% of McDonald's restaurants worldwide are owned and operated by independent local business owners.
Forward Looking Statements
This document contains forward-looking statements about future events and circumstances. Generally speaking, any statement not based upon historical fact is a forward-looking statement. In particular, statements regarding McDonald's plans, strategies, prospects and expectations regarding its business and industry are forward-looking statements. They reflect McDonald's expectations, are not guarantees of performance and speak only as of the date hereof. Except as required by law, McDonald's does not undertake to update such forward-looking statements. You should not rely unduly on forward-looking statements. McDonald's business results are subject to a variety of risks, including those that are described in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 and subsequent filings with the Securities and Exchange Commission.
View original content to download multimedia:
SOURCE McDonald's Corporation | https://www.mysuncoast.com/prnewswire/2022/08/22/mcdonalds-announces-key-changes-board-directors/ | 2022-08-22T12:49:57Z |
Independent research and advisory firm identified Nintex for continuous product innovation and leadership in the rapidly evolving Workflow and Content Automation (WCA) market
BELLEVUE, Wash., May 10, 2022 /PRNewswire/ -- Nintex, the global standard for process intelligence and automation, today announced that Aragon Research has named the company a leader in The Aragon Research Globe™ for Workflow and Content Automation (WCA), 2022. Within its latest vendor evaluation report, Aragon reviewed 13 key software providers that are leading the charge by finding innovative ways to automate content and ultimately digitally transform.
Aragon reports that once the digitization of paper-based processes has been achieved, true productivity can result "when the process for creating and routing documents that are part of contracts and onboarding is semi- or fully-automated." With modern WCA software solutions, enterprises can take advantage of automated process documentation intelligence that negates the need for human intervention.
- To download a complimentary copy of Aragon's WCA Globe for 2022 visit: https://www.nintex.com/resources/aragon-report-2022-workflow-and-content-automation/
"Transforming the way people work, whether from home or the office, is just as critical today as it was at the start of the pandemic," said Nintex CEO Eric Johnson. "Nintex is honored to be named a Leader by Aragon Research, and our ongoing commitment is to help Nintex customers and partners turn manual, paper-based and repetitive processes into fully digital experiences with our easy-to-use, intelligent automation platform."
Commercial enterprises and government agencies are successfully designing and deploying streamlined digital processes with the Nintex Process Platform, making a significant contribution to creating satisfying employee, customer and partner experiences. Today, more than 10,000 organizations, including more than 50 percent of the Fortune 500, and hundreds of partners worldwide standardize on Nintex to automate work and to maintain a competitive advantage.
"As a leader in The Aragon Research Globe for Workflow and Content Automation 2022, Nintex is well positioned to sustain its growth trajectory and power a new generation of enterprise applications that completely automate old forms-based processes," said Aragon Research Lead Analyst, Jim Lundy. "Now with nearly $300 million in annual revenue, Nintex continues to add solutions and capabilities into its suite of process intelligence and automation tools that Center of Excellence (COE) groups need to consider."
In the report, Nintex is highlighted as an innovative software vendor that "has helped to pioneer a no-code/low-code approach to both content and process automation, as well as the discovery and mapping of processes." Aragon also notes the company's most recent acquisitions: DTM market leader AssureSign in June 2021, and Kryon Systems in February 2022 stating that "Nintex is also not standing still in the RPA space."
Process management and automation capabilities offered within the company's next generation cloud automation platform, Nintex Workflow Cloud, include: Nintex Promapp® for process mapping; Nintex Forms and Nintex Workflow for creating process apps and automated workflows with clicks, not code; Nintex RPA for automating repetitive tasks; Nintex DocGen® for automating document creation; Nintex Analytics for optimizing workflows; and Nintex AssureSign® to sign documents quickly and securely from anywhere.
Industry leaders like Zoom, AstraZeneca, and Coca-Cola Beverages Florida, LLC, as well as government agencies and municipalities like the City and County of Denver and the City of Garland, Texas, all report significant results and customer/stakeholder satisfaction leveraging Nintex to easily manage, automate and optimize simple to complex content-based processes and workflows.
To re-imagine your own business processes and put automation to work - from workflow to document or robotic process automation (RPA) - within your organization, request a Nintex demo at www.nintex.com/request-demo.
Media Contact
Laetitia Smith
laetitia.smith@nintex.com
cell: +64 21154 7114
About Nintex
Nintex is the global standard for process intelligence and automation. Today more than 10,000 public and private sector organizations across 90 countries turn to the Nintex Process Platform to accelerate progress on their digital transformation journeys by quickly and easily managing, automating and optimizing business processes. Learn more by visiting www.nintex.com and experience how Nintex and its global partner network are shaping the future of Intelligent Process Automation (IPA).
Product or service names mentioned herein may be the trademarks of their respective owners.
Aragon Disclaimer
Aragon Research does not endorse vendors, or their products or services that are referenced in its research publications, and does not advise users to select those vendors that are rated the highest. Aragon Research publications consist of the opinions of Aragon Research and Advisory Services organization and should not be construed as statements of fact. Aragon Research provides its research publications and the information contained in them "AS IS," without warranty of any kind.
View original content to download multimedia:
SOURCE Nintex | https://www.mysuncoast.com/prnewswire/2022/05/10/nintex-named-leader-workflow-content-automation-by-aragon-research/ | 2022-05-10T14:35:00Z |
NEW YORK, Sept. 14, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ALT, RIG, CLF, ENSC, and KPRX.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- ALT: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=ALT&prnumber=091420226
- RIG: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=RIG&prnumber=091420226
- CLF: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=CLF&prnumber=091420226
- ENSC: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=ENSC&prnumber=091420226
- KPRX: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=KPRX&prnumber=091420226
(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.
View original content to download multimedia:
SOURCE InvestorsObserver | https://www.kxii.com/prnewswire/2022/09/14/thinking-about-buying-stock-altimmune-transocean-cleveland-cliffs-ensysce-biosciences-or-kiora-pharmaceuticals/ | 2022-09-14T16:09:11Z |
NEW YORK (AP) — In another sign that the world of entertainment is returning to pre-pandemic normal, Broadway theaters will no longer demand audiences wear masks starting in July.
The Broadway League announced Tuesday that mask-wearing will be optional next month onward, a further loosening of restrictions. In May, most Broadway theaters lifted the requirement that audience members provide proof of vaccination to enter venues.
The latest policy will “be evaluated on a monthly basis as we continue to monitor the science,” according to a statement by the League, which represents Broadway producers. It also said that “audience members are still encouraged to wear masks in theaters.” Producers have long complained that ticket sales may be depressed due to the mask ban.
Actors’ Equity Association, which represents 51,000 stage actors and stage managers, did have a reaction to the change. | https://cw33.com/entertainment-news/ap-entertainment/broadway-theaters-drop-their-mask-mandate-starting-in-july/ | 2022-06-22T17:43:53Z |
LOS ANGELES, July 14, 2022 /PRNewswire/ -- Dual diagnosis disorders are mental health conditions that occur alongside substance abuse disorders. Drug and alcohol rehab centers that offer dual diagnosis treatment can provide more comprehensive care to patients struggling with both addiction and mental illness.
Mental health disorders are often undiagnosed in people struggling with addiction. As a result, these individuals may not receive the treatment they need to overcome their illness. Dual diagnosis treatment programs can help patients receive an accurate diagnosis and get the proper care for both their addiction and mental health disorder.
Kristina Sharava, Program Director at Circle of Hope Treatment, states that dual diagnosis disorders are often misunderstood, and patients may not receive the proper care they need. She said that dual diagnosis patients have very complex symptoms and behaviors, and without proper treatment, they are at risk for a multitude of negative outcomes.
Kristina explains that drug and alcohol addiction can co-occur with a variety of mental illnesses, including anxiety, depression, post-traumatic stress disorder (PTSD), obsessive-compulsive disorder (OCD), ADHD, bipolar disorder, and more. She continued to say that the symptoms of co-occurring disorders will vary depending on which mental illness is diagnosed as well as the drug used. For example, the signs of marijuana abuse and schizophrenia are quite distinct from the symptoms of a meth addict who has bipolar disorder living with crystal meth addiction.
Sharava says that the goal of dual diagnosis treatment is to address both the addiction and the underlying mental health condition. This can be done through a variety of methods, including individual therapy, group therapy, medication management, and holistic approaches.
Treating dual diagnosis disorders is typically more successful than treating addiction or mental disease separately, as it targets the root cause of the issue. Kristina believes that patients can achieve long-term sobriety and live happier lives by addressing both addiction and mental illness simultaneously.
"Dual diagnosis disorders are often difficult to treat, but with correct treatment, people may recover and lead healthy lives," says Kristina. "Circle of Hope specializes in treating dual diagnosis disorders. We are raising public awareness of this issue so that individuals receive the proper care they need."
Circle of Hope Treatment
18770 Strathern St,
Reseda, CA 91335
(855) 572-0950
admissions@circleofhopetreatment.com
View original content:
SOURCE Circle of Hope Treatment | https://www.kxii.com/prnewswire/2022/07/14/dual-diagnosis-disorder-circle-hope-treatment-program-director-raises-awareness/ | 2022-07-14T19:28:12Z |
GOP-led states sue over decision to end Trump-era pandemic restrictions at the US border
By Raja Razek and Devan Cole, CNN
Three Republican-led states are suing the Biden administration seeking to stop it from ending Trump-era pandemic restrictions that effectively blocked migrants from entering the US.
“This suit challenges an imminent, man-made, self-inflicted calamity: the abrupt elimination of the only safety valve preventing this administration’s disastrous border policies from devolving into an unmitigated chaos and catastrophe,” reads the suit, which was filed Sunday in Louisiana against the Biden administration by Missouri, Arizona and Louisiana.
The US Centers for Disease Control and Prevention announced Friday that on May 23 it will end Title 42, a public health authority invoked by then-President Donald Trump at the onset of the coronavirus pandemic. The restrictions had been criticized by immigrant advocates, public health experts and even officials within the Trump administration who believed it to be driven by political motivations.
The plaintiffs claim the Biden administration’s plans to roll back the policy are “arbitrary and capricious” because the government didn’t follow the rules required to make such a change.
The CDC declined CNN’s request for comment, saying it doesn’t comment on pending litigation.
Immigrant rights advocates who work along the border and leading Democratic lawmakers have been pushing the administration to end Title 42, arguing the public health restriction was merely a pretext for the US to stop vulnerable people from seeking asylum. Many have praised reports that the policy will be ending soon, while also criticizing the delay.
Meanwhile, Republican lawmakers have been lambasting the Biden administration for even considering lifting Title 42.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
CNN’s Priscilla Alvarez contributed to this report. | https://localnews8.com/politics/cnn-us-politics/2022/04/04/gop-led-states-sue-over-decision-to-end-trump-era-pandemic-restrictions-at-the-us-border/ | 2022-04-04T17:37:37Z |
ROCKDALE — Traffic on U.S. Highway 79 will be shifted Thursday night as a Texas Department of Transportation contractor completes road improvements.
Most Popular
Articles
- Temple to offer free admission to two pools through Aug. 14; cooling stations available
- UPDATE: Woman killed in I-35 rollover crash
- Belton man receives 8 years probation for 3 charges
- Bond reduction denied for suspect in 2 Temple shootings
- UPDATE: Body found at Temple Lake Park after submerged car recovered
- Temple teen out on bond arrested for violating conditions of release
- Temple Police identify deceased man found in Lake Belton
- Police identify woman killed in Temple wreck
- ‘We are a service-based organization': Myers explains city diversity proposal as some protest
- Man indicted for allegedly shooting landlord | https://www.tdtnews.com/news/central_texas_news/article_60323bd8-0c63-11ed-8e8c-179265bd37f4.html | 2022-07-26T00:07:54Z |
NEW YORK, Aug. 19, 2022 /PRNewswire/ -- The Virtus InfraCap U.S. Preferred Stock ETF (NYSE Arca: PFFA) (the "Fund") has declared a monthly distribution of $0.1625 per share ($1.95 per share on an annualized basis). The distribution will be paid August 30, 2022 to shareholders of record as of the close of business August 23, 2022.
PFFA Cash Distribution:
- Ex-Date: Monday, August 22, 2022
- Record Date: Tuesday, August 23, 2022
- Payable Date: Tuesday, August 30, 2022
Infrastructure Capital Advisors expects to declare future distributions on a monthly basis. Distributions are planned, but not guaranteed, for every month. The next distribution is scheduled to occur in September 2022.
For more information about PFFA's distribution policy, its 2022 distribution calendar, or tax information, please visit the Fund's website at www.virtusetfs.com.
About Virtus ETF Advisers
Virtus ETF Advisers is a New York-based, multi-manager ETF sponsor and affiliate of Virtus Investment Partners. With actively managed and index-based investment capabilities across multiple asset classes, Virtus offers a range of complementary exchange-traded-funds subadvised by select investment managers.
About Infrastructure Capital Advisors, LLC
Infrastructure Capital Advisors, LLC (ICA) is an SEC-registered investment advisor that manages exchange traded funds and a series of hedge funds. The firm was formed in 2012 and is based in New York City. ICA seeks total-return opportunities in key infrastructure sectors, including energy, real estate, transportation, industrials and utilities. It often identifies opportunities in entities that are not taxed at the entity level, such as master limited partnerships ("MLPs") and real estate investment trusts ("REITs"). It also looks for opportunities in credit and related securities, such as preferred stocks. Current income is a primary objective in most, but not all, of the company's investing activities. The focus is generally on asset-intensive companies that generate and distribute substantial streams of free cash flow. For more information, please visit www.infracapfunds.com.
DISCLOSURE
Fund Risks
Exchange Traded Funds: The value of an ETF may be more volatile than the underlying portfolio of securities the ETF is designed to track. The costs of owning the ETF may exceed the cost of investing directly in the underlying securities. Preferred Stock: Preferred stocks may decline in price, fail to pay dividends, or be illiquid. Non-Diversified: The Fund is non-diversified and may be more susceptible to factors negatively impacting its holdings to the extent that each security represents a larger portion of the Fund's assets. Short Sales: The Fund may engage in short sales, and may experience a loss if the price of a borrowed security increases before the date on which the Fund replaces the security. Leverage: When a Fund leverages its portfolio, the value of its shares may be more volatile and all other risks may be compounded. Derivatives: Investments in derivatives such as futures, options, forwards, and swaps may increase volatility or cause a loss greater than the principal investment. No Guarantee: There is no guarantee that the portfolio will meet its objective. Prospectus: For additional information on risks, please see the Fund's prospectus.
You should consider the Fund's investment objectives, risks, and charges and expenses carefully before investing. Contact VP Distributors LLC at 1-888-383-4184 or visit www.virtusetfs.com to obtain a prospectus which contains this and other information about the Fund. The prospectus should be read carefully before investing.
Virtus ETF Advisers, LLC serves as the investment advisor and Infrastructure Capital Advisors, LLC serves as the subadviser to the Fund.
The Fund is distributed by VP Distributors, LLC, member FINRA and subsidiary of Virtus Investment Partners, Inc.
View original content to download multimedia:
SOURCE Virtus InfraCap U.S. Preferred Stock ETF | https://www.wibw.com/prnewswire/2022/08/19/virtus-infracap-us-preferred-stock-etf-nyse-arca-pffa-declares-monthly-distribution/ | 2022-08-19T20:46:30Z |
The fight for Sloviansk may be ‘the next pivotal battle’ of Russia’s war in Ukraine
By Rob Picheta, CNN
Russia’s invasion of Ukraine has been far costlier and less successful than most analysts expected over its first six weeks — and experts now believe that Moscow is changing its military approach.
President Vladimir Putin’s revised war strategy will now focus on trying to take control of the Donbas and other regions in eastern Ukraine with a target date of early May, according to several US officials familiar with the latest US intelligence assessments.
That makes the city of Sloviansk, more than 300 miles east of the capital Kyiv, a potentially crucial battleground in the coming weeks.
“Efforts by Russian forces advancing from Izyum to capture Slovyansk will likely prove to be the next pivotal battle of the war in Ukraine,” the Washington DC-based think tank Institute for the Study of War (ISW) said in its Monday update on the conflict in Ukraine. Its report uses alternative transliterations of Ukrainian place names.
ISW expects Russian troops to begin offensive operations towards the city from nearby Izium in the coming days, a forecast that matches warnings on the ground.
“They go south to Kamyanka because it is the road to the city of Sloviansk,” Max Strelnyk, a deputy in the Izium city council’s office, told CNN late last week of Russian troops’ plans. “We have radio interceptions of their talks; their task is to capture the Donetsk region from the north.”
On Wednesday, Vadym Denysenko, adviser to Ukraine’s Ministry of Interior, said: “If we talk about the key directions where combat will be ongoing — it’s the Sloviansk [Donetsk region] and Barvinkove [Kharkiv region] directions.”
Residents of Sloviansk, a city of just over 100,000 people before the invasion, are now being urged to evacuate, while Ukrainian forces are preparing to defend it from a new Russian onslaught.
Control of the city has significant strategic importance in the wider conflict. Should Russian forces overrun Sloviansk, they would be able to cut off Ukraine’s forces in the wider region. If they are held back by Ukrainian resistance, however, Russia’s ambitions to control both the Luhansk and Donetsk regions will suffer a huge blow.
Sloviansk’s strategic importance
Sloviansk was a major flashpoint in the war in the Donbas region in 2014, and was briefly held by pro-Russian separatists before they were pushed back by Ukrainian forces in July of that year.
Its significance now lies primarily in the fact that it is surrounded on three sides by Russian-held cities — Izium to the north, Luhansk to the east, and Donetsk to the south — but lies deeper west in the Donbas region than the two latter locations, blocking Russia’s pathways further into Ukrainian territory.
“Russian forces likely intend to cut off Ukrainian forces in eastern Ukraine and will need to take Slovyansk as their minimum step to do so,” the ISW said.
A successful Russian assault on the city would give Moscow the option to link troops up with those fighting in Rubizhne, to the northeast of Sloviansk, or move them south, towards Horlivka and Donetsk, in an attempt to encircle Ukrainian fighters there, the group added.
But Russia appears to have encountered multiple military failures during the first six weeks of the invasion, and its inability to capture cities further west, such as the capital Kyiv, has likely prompted its renewed focus on the Donbas.
In that context, a fresh Russian defeat in the face of Ukrainian resistance could imperil even their new strategy in the east.
“If Russian forces are unable to take Slovyansk at all, Russian frontal assaults in Donbas are unlikely to independently breakthrough Ukrainian defenses and Russia’s campaign to capture the entirety of Luhansk and Donetsk oblasts will likely fail,” the ISW said.
Humanitarian catastrophe looms
Reinforced Russian troops currently driving from Izium towards Sloviansk are made up of elements from the 1st Guards Tank Army that had previously been in the Kharkiv-Sumy area to the north, the ISW said on Tuesday.
They do not yet include the units that were withdrawn from the Kyiv region, the institute added. And, it said, the operation toward Sloviansk has “continued on a small scale and made limited progress” so far this week.
But Russia may ramp up its assault on the city when more units become available. The citizens of Sloviansk were given an evacuation order on Monday, amid fears of a full-scale attack and an ensuing humanitarian catastrophe in the city.
Such a fate has already descended on Izium, which has come under sustained Russian attack for weeks. On Monday a senior US defense official told reporters that Russian forces are “still flying about more than 200 sorties a day,” and “most of their airstrikes are focusing on the Izium area.”
“Every day, it gets worse,” Strelnyk told CNN of the humanitarian situation in Izium on Friday.
“There’s been no pause in the bombing — it started weeks ago — by the Russians. Although Russia claims that they will decrease military operations in the Kyiv and Chernihiv oblasts, Izium and the greater Kharkiv region will have no such luck,” Strelnyk said.
“In the city, the dead are buried in the central park of our city,” he told CNN. Video footage that has been geolocated and had its authenticity verified by CNN showed dead bodies across the city’s central park.
On Wednesday, Ukrainian officials said major fighting was underway in Ukraine’s east, with the regional military governor of eastern Luhansk region urging civilians to evacuate some towns. Sloviansk sits in the north of the bordering Donetsk region.
But officials across the two regions have spoken of their difficulties in getting people out or aid in.
Ukraine has repeatedly accused Russia of attacking intended humanitarian corridors and bombing residents of cities as they fled.
Ivan Fedorov, mayor of the Russian-occupied city of Melitopol in the south, said Tuesday that Russian troops had been blocking the delivery of humanitarian supplies and hindering the evacuation of civilians.
“The situation with humanitarian corridors has not improved,” Fedorov said in televised remarks. “For the past two weeks, we managed to deliver only two humanitarian cargoes to Melitopol.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
CNN’s Alex Stambaugh, Nathan Hodge, Yulia Kesaieva and Tim Lister contributed reporting. | https://localnews8.com/news/2022/04/06/the-fight-for-sloviansk-may-be-the-next-pivotal-battle-of-russias-war-in-ukraine/ | 2022-04-06T18:06:35Z |
KEY WEST, Fla. (AP) — The Southernmost Point marker in Key West, Florida, a landmark delineating the continental United States’ southernmost spot of land, became a memorial to Queen Elizabeth II on Friday when city workers installed a British flag and royal purple banner at the much-photographed site beside the Atlantic Ocean.
The tribute was particularly fitting because the long-reigning monarch, who died Sept. 8 at age 96, visited the Florida Keys in 1991.
“We do have a connection with the queen; we had the privilege of actually having her visit us,” Key West Mayor Teri Johnston said.
“We join the world today in mourning the loss of such an incredible human being,” Johnston said.
Queen Elizabeth and Prince Philip stopped at Dry Tortugas National Park and Fort Jefferson, 70 miles (113 kilometers) west of Key West in the Gulf of Mexico, on the royal yacht. They were welcomed by then-Florida Keys Mayor Wilhelmina Harvey, who presented them with a conch shell, an enduring symbol of the island chain.
The red, yellow, black and white Southernmost Point marker, a 20-ton concrete monument that resembles a giant marine navigational buoy, was installed in 1983 and has become a popular photo stop for travelers.
Plans call for the memorial to Queen Elizabeth to stay in place through her funeral on Monday,. | https://cw33.com/strange-news/ap-strange-news/ap-key-west-honors-queen-elizabeth-at-southernmost-point-marker/ | 2022-09-16T23:15:05Z |
UN expects world’s population to reach 8 billion on Nov. 15
UNITED NATIONS (AP) — The United Nations said Monday it expects the world’s population to reach 8 billion on Nov. 15 this year, and it projects that India will replace China as the world’s most populous nation next year.
The report, released on World Population Day, said global population growth fell below 1% in 2020 and is growing at its slowest rate since 1950.
According to the latest U.N. projections, the world’s population could grow to around 8.5 billion in 2030, 9.7 billion in 2050, and a peak of around 10.4 billion people during the 2080s. It is projected to remain at that level until 2100.
U.N. Secretary-General Antonio Guterres called 2022 a “milestone year” with “the birth of the Earth’s eight billionth inhabitant.”
The report, World Population Prospects 2022, put the population at 7.942 billion and forecast it will reach 8 billion on Nov. 15.
“This is an occasion to celebrate our diversity, recognize our common humanity, and marvel at advancements in health that have extended lifespans and dramatically reduced maternal and child mortality rates,” Guterres said in a statement. “At the same time, it is a reminder of our shared responsibility to care for our planet and a moment to reflect on where we still fall short of our commitments to one another.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/07/11/un-expects-worlds-population-reach-8-billion-nov-15/ | 2022-07-11T15:51:33Z |
BEIJING, June 24, 2022 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE: COE), a global online education platform with core expertise in English education, today announced that it has entered into a definitive share purchase agreement, dated June 24, 2022 (the "Share Purchase Agreement"), with Dasheng Holding (HK) Limited ("Dasheng"), an entity controlled by Mr. Jiajia Jack Huang, chairman of the board of directors (the "Board") and chief executive officer of the Company, pursuant to which Mr. Jiajia Jack Huang, through Dasheng, will acquire all of the Company's online English tutoring businesses in the China mainland, including all associated liabilities and assets (the "China Mainland Business"), for US$1.
The China Mainland Business is conducted by the subsidiaries of and variable interest entities controlled by China Online Education (HK) limited ("COE HK"), which is in turn a wholly-owned subsidiary of the Company. Pursuant to the Share Purchase Agreement, Dasheng will acquire all of the equity interests of COE HK from the Company (the "Transaction"). After the closing of the Transaction (the "Closing"), Dasheng will grant a right to the Company to purchase certain newly issued shares of up to 99% of the outstanding shares of the entities holding the China Mainland Business with an exercise price of US$1 (the "Warrant"). The Warrant may be exercised within five years from the Closing, subject to applicable laws of China and requirements of the competent government authorities.
The Board, acting upon the unanimous recommendation of a committee of two independent and disinterested directors established by the Board (the "Special Committee"), approved the Share Purchase Agreement and the Transaction. The Special Committee negotiated the terms of the Share Purchase Agreement with the assistance of financial and legal advisors.
The Closing is subject to certain customary conditions and is expected to take place on or around June 30, 2022.
The Company's overseas business outside the China mainland and its associated assets and liabilities are not part of the Transaction and will be the Company's strategic focus going forward. Upon the Closing, the Company expects to shift from a negative net assets position to a positive net assets position.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements which are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. 51Talk may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission ("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 51Talk's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in 51Talk's filings with the SEC. All information provided in this press release is as of the date of this press release, and 51Talk does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
About China Online Education Group
China Online Education Group (NYSE: COE) is a global online education platform with core expertise in English education. The Company's mission is to make quality education accessible and affordable. The Company's online and mobile education platforms enable students to take live interactive English lessons on demand. The Company connects its students with a large pool of highly qualified teachers that it assembled using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.
For further information: China Online Education Group, Investor Relations, ir@51talk.com.
View original content:
SOURCE China Online Education Group | https://www.kxii.com/prnewswire/2022/06/24/china-online-education-group-enters-into-definitive-agreement-spin-off-china-mainland-business/ | 2022-06-24T08:53:22Z |
GREENVILLE, S.C., July 7, 2022 /PRNewswire/ -- Broadstreet, Inc. a Greenville-based private equity firm, recently announced that David Berger, formerly Chief Operating Officer of Hospitality America, has been appointed as Senior Managing Director of Business Operations for Broadstreet. Mr. Berger will be responsible for a wide range of day-to-day operations including oversight of hospitality properties, enhancement of crypto based projects and development of land opportunities.
"I'm thrilled to join Broadstreet, one of the fastest growing private equity firms in the Southeast," said Berger. "I look forward to participating in the dynamic growth of a multi-billion dollar business and taking my years of real estate, hospitality and business operational experience and plugging it into their many projects."
With almost seven years in operational history, Broadstreet has grown to overseeing more than 600 people employed in its various business lines. Broadstreet has become a dominant player in the private equity industry in the Carolinas with more than $3 billion in transactions. The company is a leading equity provider in infrastructure development and partners with nationally known homebuilder brands like D.R. Horton, Lennar, Pulte, Meritage and Ryan Homes, as well as Marriott and Hilton Hotels in the hotel development side. Broadstreet has other subsidiaries related to specialty finance, home development, restaurants and land banking.
Mr. Berger is a veteran of the hospitality and economic development industry. Prior to Broadstreet, he served as Chief Operating Officer for Hospitality America, which operates more than 20 hotels around the United States. He has served as General Manager for many respected hotel brands, including Starwood Hotel & Resorts, Marriott and others. Since arriving in Greenville in 2013, Mr. Berger has been an active member of the community, serving on the Executive Board of Directors for Visit Greenville SC and Artisphere. Mr. Berger has also served for six consecutive years on the Accommodations Tax Advisory committee (ATAX) for the City of Greenville, SC.
"We're confident David will add tremendous value to our brand and our subsidiary businesses as we continue to expand. David has a great understanding of how our close-knit team values strong relationships with our investors and commitment to performance. He will be an excellent addition to our leadership team as we take Broadstreet to the next level," commented David Feingold, CEO of Broadstreet.
"We have known David Berger professionally for multiple decades and his acumen, experience and high profile standing in the Carolinas will allow us to continue our march towards continuing our growth in both North and South Carolina," stated Joseph Baldassarra, President of Broadstreet.
ABOUT BROADSTREET
Broadstreet is a private equity firm based in Greenville, S.C. with an impressive track record of identifying promising growth sectors for capital investments. The company has achieved approximately $3 billion in transactions and more than 600 people employed in the businesses it controls. Broadstreet is also the largest land infrastructure developer in the Carolinas with more than 40 projects that cover approximately 30,000 home sites. The firm's significant development business has allowed expansion to ancillary real-estate based opportunities that include home development, land banking, and hotel lodging. For more information, visit broadstreetprivateequity.com.
View original content to download multimedia:
SOURCE Broadstreet, Inc. | https://www.wibw.com/prnewswire/2022/07/07/david-berger-joins-broadstreet-greenville-based-private-equity-firm/ | 2022-07-07T20:13:51Z |
(The Hill) — The FBI on Monday searched the Mar-a-Lago estate of former President Donald Trump, a dramatic step that has increased speculation about the former president being in legal jeopardy.
The search, which reportedly focused on the retention of classified material, comes as Trump is under scrutiny in a flurry of investigations related to the Jan. 6, 2021, riot at the Capitol, his pressure campaign against election officials in Georgia and his business dealings in New York.
It also comes against the backdrop of Trump considering a White House bid in 2024.
Here’s what we know about the search.
What the FBI was doing
The FBI entered Mar-a-Lago after securing a search warrant from a federal magistrate judge after demonstrating probable cause supporting their suspicion of criminal activity.
While Trump did not detail what the warrant sought, he complained agents who searched his property “even broke into my safe.”
The search in part appears to be in connection with Trump’s failure to turn over some presidential records at the end of his term, instead taking them to his Florida home.
Authorities previously retrieved 15 boxes of documents from Mar-a-Lago, a tranche that included classified materials.
The Justice Department referred the case to the FBI earlier this year after receiving a request from the National Archives to investigate the matter.
What Trump is saying
Trump was not at Mar-a-Lago at the time of the FBI search, as he typically spends summers at his Bedminster, N.J., property. But he decried the action as politically motivated in order to deter him from running for president again in 2024.
“Such an assault could only take place in broken, Third-World Countries. Sadly, America has now become one of those Countries, corrupt at a level not seen before. They even broke into my safe!” Trump said in a statement Monday night.
Trump has for years framed federal investigators as politically biased and out to get him, and he likened Monday’s search to the investigation into ties between Russia and his 2016 campaign.
Eric Trump said his father had an ‘open-door policy.’
Eric Trump, the son of the former president, confirmed on Fox News that the search was related to document retention, but he downplayed any potential wrongdoing by his father.
“My father saves clippings and things like that. So he had boxes, right, when he moved out of the White House,” Eric Trump said. “And he was very collaborative. You want to search for anything, if you think anything — like, you know, come right ahead. I mean, it was an open-door policy. And all of a sudden, 30 agents descend upon Mar-a-Lago?”
Former Trump administration officials have said the former president often disregarded protocols for maintaining classified documents.
How the GOP is reacting
Top Republicans erupted with anger at the search, and vowed retaliation.
House Minority Leader Kevin McCarthy (R-Calif.) said in a statement that the Justice Department “has reached an intolerable state of weaponized politicization” and that should Republicans take the chamber after the November midterms, the House would investigate Attorney General Merrick Garland and the department.
Rep. Jim Jordan (R-Ohio), the ranking member on the House Judiciary Committee, on Fox News Monday night called on Garland and FBI Director Christopher Way to come testify on Friday.
Even Florida Gov. Ron DeSantis (R), who has some tension with the former president as both men angle for potential 2024 presidential bids, called the search “another escalation in the weaponization of federal agencies against the Regime’s political opponents.”
Some prominent voices are absent.
Republicans lobbed intense fury at the Department of Justice over the raid, but some top GOP voices were notably absent from the wave of anger and promises of investigation. Senate Minority Leader Mitch McConnell (R-Ky.) and other top Senate Republicans had not commented on the search as of Tuesday morning.
What it means for the Jan. 6 probe
It’s not clear what the search means for the Justice Department’s broader investigation into the Capitol riot, but its probe is rapidly accelerating following months of complaints from lawmakers of stagnation when it comes to Trump.
In recent weeks, the Justice Department has been focusing on Trump’s efforts to remain in power through a false elector scheme, transmitting what campaign officials referred to as “fake” election certificates in order to reverse the 2020 election in key states won by President Joe Biden.
That includes convening a federal grand jury and sitting down with a number of former White House officials, including advisers to former Vice President Mike Pence.
Last week, Trump’s former White House counsel, Pat Cipollone, was reportedly called to testify before a federal grand jury, as was his deputy Patrick Philbin.
Earlier this summer, the Justice Department also seized the phone of John Eastman, who crafted memos for the campaign detailing the false elector strategy as well as a plan for Pence to buck his ceremonial duty to certify the election results. And it also searched the home of Jeffrey Clark, an assistant attorney general whom Trump weighed installing as attorney general so he could forward an investigation into his baseless claims of election fraud.
What it means for Trump running for reelection
It could advance Trump’s timeline to announce.
Trump has openly floated running for president again in 2024, saying in an interview last month it was more a matter of whether he should announce before or after the November midterms.
Some pundits speculated that Trump could use the FBI search to announce his candidacy at a time when Republicans are rallying in his defense and when it would allow him to maximize the argument that any investigations are politically motivated.
The FBI search is likely to solidify support for Trump among his base voters, who already believe the Justice Department is biased against conservatives in the wake of the Russia probe.
But the search and any resulting evidence that becomes public could make a comeback bid more difficult for Trump in a general election.
Polls show narrow Biden edge in a hypothetical match-up.
Multiple polls in recent weeks have found roughly half of Americans already believe Trump should face criminal charges for his actions around the Jan. 6 riot.
A New York Times poll released last month found that despite Biden’s approval ratings sinking to 33 percent, he still led Trump in a hypothetical 2024 match-up, 44 percent to 41 percent. | https://cw33.com/news/nexstar-media-wire/heres-what-we-know-about-the-fbi-search-of-trumps-mar-a-lago/ | 2022-08-09T18:01:02Z |
NEW YORK, Aug. 12, 2022 /PRNewswire/ -- Today, NSB, the musical moniker for North Star Boys, an Asian-American music group with over 55 million combined followers across social media platforms, released their debut hyperpop single "SUNSHINE".
Making their debut in the Hyperpop genre, North Star Boys release their new single "SUNSHINE".
"SUNSHINE" symbolizes perseverance and dedication to the ones you love, an overarching theme emphasized throughout the official music video. Each member has their own sunshine they drew inspiration from for this single, whether it's an ex, current lover, family member, or as NSB co-founder, Oliver Moy, says, his newfound friend group-turned-family. For NSB member Regie Macalino, this means shedding light on his heritage, with elements of his Filipino culture embedded throughout the music video.
"Being raised in the Philippines for half of my life, it's always been important to me to incorporate my roots in everything I do. My family and I came to the US like many other Asians to chase the American Dream. In the music video for SUNSHINE, it was a special moment for me and the boys to shine light on the country I grew up in and inspire my fellow Filipino friends and followers to embrace our culture and not be afraid of being different," said Regie Macalino.
The North Star Boys have taken the internet by storm not only through music but also through their captivating social media presence, unique personalities, and impromptu meet & greets. Their most recent transition into the web3 space has proved successful, selling out of their first NFT drop in an hour. The group of 7 boys aims to inspire and be the Asian representation in media that they didn't see growing up.
Stream SUNSHINE HERE
You can follow NSB on TikTok, Instagram, YouTube, and Twitter
About North Star Boys
North Star Boys is the first Asian-American content group, founded in August 2021. Within their first six months as a group, they surpassed expectations gaining millions of followers across all platforms, including TikTok, YouTube, and Instagram. The 7-member group of best friends is composed of founders and brothers, Oliver and Sebastian Moy along with Regie Macalino, Ryan Nguyen, Justin Phan, Darren Liang, and Kane Ratan managed by Forbes 30 Under 30's Tyler Bray.
Contact
Juliana Martins
Eleven11 Media Relations
juliana@eleven11mediarelations.com
View original content to download multimedia:
SOURCE North Star Boys | https://www.mysuncoast.com/prnewswire/2022/08/12/nsb-asian-american-music-group-debuts-hyperpop-single-sunshine/ | 2022-08-12T14:41:23Z |
NEW YORK, July 5, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Digital Turbine, Inc. ("Digital Turbine" or the "Company") (NASDAQ: APPS). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Digital Turbine and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On May 17, 2022, Digital Turbine issued a press release "announc[ing] . . . that it will restate its financial statements for the interim periods ended June 30, 2021, September 30, 2021, and December 31, 2021, following a review of the presentation of revenue net of license fees and revenue share for the Company's recently acquired businesses." Digital Turbine specified that "[t]he revenue for certain product lines of the recently acquired businesses, which are separate reportable segments, will now be reported net of license fees and revenue share, rather than on a gross basis, as had been previously reported. The changes have the offsetting effect of decreasing both revenue and license fees and revenue share in a like amount, while simultaneously increasing reported gross profit margin and Non-GAAP Adjusted EBITDA margin, in the interim financial statements for each relevant period. There is no change to the previously reported GAAP income from operations, GAAP net income/loss, Non-GAAP gross profit, Non-GAAP Adjusted EBITDA and Non-GAAP free cash flow results. Restated interim consolidated financial statements for each of the affected quarters will be filed as amendments to the respective Company's Form 10-Q filings with the Securities and Exchange Commission on or before May 31, 2022."
On this news, Digital Turbine's stock price fell $1.93 per share, or 7.09%, to close at $25.28 per share on May 18, 2022.
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
View original content to download multimedia:
SOURCE Pomerantz LLP | https://www.kxii.com/prnewswire/2022/07/06/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-digital-turbine-inc-apps/ | 2022-07-06T04:19:21Z |
CORAL GABLES, Fla., June 24, 2022 /PRNewswire/ -- The Alpha-1 Foundation announces the selection of Mr. Jon Hagstrom as the new Chair of the Alpha-1 Foundation Board of Directors. Jon assumes this new role on the board with a strong passion and commitment to the Alpha-1 community. He has been an active member of the Investment and Development Committees since 2019, elected Board Treasurer and Executive Committee member in 2021, and looks forward to his new position as Board Chair beginning in July 2022.
"On behalf of the Alpha-1 Foundation, I am excited to work with Jon to continue the mission-focused work of the Foundation that has been at the forefront for nearly 30 years. Thank you to Dr. Jeanine D'Armiento for her outstanding leadership as chair for the past four years and through the pandemic. The Foundation has truly been fortunate to have such dedicated volunteer leadership at the helm," stated Scott Santarella, President and CEO of the Alpha-1 Foundation.
Jon Hagstrom spent over 20 years working in investment banking and management consulting. He was diagnosed as a ZZ Alpha in 2008, after noticing increasing shortness of breath. The course of his disease was quite aggressive, cutting his career short in his early 40s. He received a bilateral lung transplant at Duke University Medical Center in 2016.
Jon serves in a variety of roles for the Foundation, spanning all aspects of our mission. He has a keen interest in research and therapeutic development, serving as a patient representative on the Grant Advisory Committee, the Therapeutic Development Network Steering Committee, the Alpha-1 Research Registry Steering Committee, and the Alpha-1 Biomarker Consortium. He is passionate about patient support, serving as the Support Group Leader for the New York/New Jersey group, an Alpha-1 Global Advisory Committee member, and a Peer Guide for Alphas facing lung transplant. He is a fierce advocate for fellow Alphas, actively lobbying Congress for better care, championing patient interests to the FDA, and promoting early detection.
Jon is an avid classical pianist and resides in Dobbs Ferry, New York, with his teenage son.
"I am honored and humbled to have been selected as the new Chair of the Alpha-1 Foundation Board of Directors. As we emerge from a fully virtual environment, I am excited to work with my fellow Alphas, Scott, the Foundation staff, and the Board to renew our focus on the patient community. We are also fortunate to have the best research and therapeutic development landscape ever seen in Alpha-1, and the Foundation is well positioned to accelerate that even further. It is truly an exciting time for Alphas," said Jon Hagstrom.
Alpha-1 Antitrypsin Deficiency (Alpha-1) is a genetic (inherited) condition that is passed from parents to their children through their genes. Alpha-1 may result in serious lung disease in adults and/or liver disease at any age. The Alpha-1 Foundation, founded in 1995, is committed to finding a cure for Alpha-1 and to improving the lives of people affected by Alpha-1 worldwide. The Foundation has invested over $90 million to support Alpha-1 research and programs at 123 institutions in North America, Europe, the Middle East, and Australia.
More for information about the Alpha-1 Foundation, please visit www.alpha1.org.
View original content to download multimedia:
SOURCE Alpha-1 Foundation | https://www.kxii.com/prnewswire/2022/06/24/alpha-1-foundation-announces-new-chair-board-directors/ | 2022-06-24T14:59:10Z |
PITTSBURGH, May 30, 2022 /PRNewswire/ -- "I wanted to create a safe and simple accessory to keep a pacifier accessible and ready for use," said an inventor, from Indianapolis, Ind., "so I invented the PERFECT PACIFIER. My design eliminates the need for a parent to constantly pick up or hold a baby's pacifier in place."
The patent-pending invention provides an improved way to hold a pacifier in place near a baby's mouth. In doing so, it ensures that the pacifier is accessible when needed. It also prevents the pacifier from dropping or falling to the floor. As a result, it increases comfort and convenience. The invention features a user-friendly design that is easy to use so it is ideal for parents with young infants, day care centers, etc. Additionally, it is producible in design variations and a prototype is available.
The original design was submitted to the Indianapolis sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-SGM-127, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
View original content to download multimedia:
SOURCE InventHelp | https://www.wibw.com/prnewswire/2022/05/30/inventhelp-inventor-develops-accessory-hold-pacifier-place-sgm-127/ | 2022-05-30T16:28:40Z |
Attackers exploit weak WiFi, remote endpoints, and the cloud, costing 43% of organizations over $1 million in breach damages
SANTA CLARA, Calif., May 16, 2022 /PRNewswire/ -- Infoblox, the leader in DNS management and security services, today unveils a global report examining the state of security concerns, costs, and remedies. As the pandemic and uneven shutdowns stretch into a third year, organizations are accelerating digital transformation projects to support remote work. Meanwhile, attackers have seized on vulnerabilities in these environments, creating more work and larger budgets for security teams.
1,100 respondents in IT and cybersecurity roles in 11 countries – United States, Mexico, Brazil, United Kingdom, Germany, France, the Netherlands, Spain, United Arab Emirates, Australia, and Singapore – participated in the survey.
Key findings include:
- The surge in remote work has changed the corporate landscape significantly – and permanently. 52% of respondents accelerated digital transformation projects, 42% increased customer portal support for remote engagement, 30% moved apps to third party cloud providers, and 26% shuttered physical offices for good. These changes led to the additions of VPNs and firewalls, a mix of corporate and employee owned devices as well as cloud and on-premises DDI servers to manage data traffic across the expanded network.
- The hybrid workforce reality is causing greater concerns with data leakage, ransomware and attacks through remote access tools and cloud services. Respondents indicate concerns about their abilities to counter increasingly sophisticated cyberattacks with limited control over employees, work-from-home technologies, and vulnerable supply chain partners. The sophistication of state-sponsored malware also is a source of worry for many.
- Organizations have good reason to worry: 53% of respondents experienced up to five security incidents that led to at least one breach. Though ransomware often grab headlines, phishing is the most common conduit for illegal entry. Attacks tended to originate on WiFi access points, employee-owned endpoints, or the cloud. Overall, 43% suffered at least $1 million in direct and indirect losses.
- Organizations are buying cloud-first security tools to protect their hybrid environments. 59% of respondents saw bigger budgets in 2021 and nearly 75% anticipate an increase in 2022. They are creating a defense-in-depth strategy using everything from endpoint and network security to cloud access security brokers, DNS security, and threat intelligence services to defend their expanded attack surface. Network data is taking center stage for threat hunting. 40% mostly relied on network flow data, 39% on systems-specific vulnerability information, 39% DNS queries, and 37% outside threat intelligence services.
- Interest in Secure Access Service Edge (SASE) frameworks is accelerating. As assets, access and security move out of the network core to the edge with the push for virtualization, 53% have already partially or fully implemented SASE and another 28% intend to do so.
"The pandemic shutdowns over the past two years have reshaped how companies around the world operate," said Anthony James, VP of Product Marketing at Infoblox. "Cloud-first networks and corresponding security controls went from nice-to-have features to business mainstays as organizations sent office workers to work from home. To address the spike in cyberattacks, security teams are turning to DNS security and zero trust models like SASE for a more proactive approach to protecting corporate data and remote devices."
The full report is available for download here.
About Infoblox
Infoblox is the leader in next generation DNS management and security. More than 12,000 customers, including over 70% of the Fortune 500, rely on Infoblox to scale, simplify and secure their hybrid networks to meet the modern challenges of a cloud-first world. Learn more at https://www.infoblox.com.
Media Contact
Lise Feng
lise@infoblox.com
View original content to download multimedia:
SOURCE Infoblox Inc. | https://www.wibw.com/prnewswire/2022/05/16/infobloxs-state-security-report-spotlights-remote-work-hazards-around-world/ | 2022-05-16T08:36:12Z |
NEW YORK, June 13, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ENDP, AAL, SNCE, PETZ, and NCLH.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- ENDP: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=ENDP&prnumber=061320226
- AAL: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=AAL&prnumber=061320226
- SNCE: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=SNCE&prnumber=061320226
- PETZ: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=PETZ&prnumber=061320226
- NCLH: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=NCLH&prnumber=061320226
(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.
View original content to download multimedia:
SOURCE InvestorsObserver | https://www.kxii.com/prnewswire/2022/06/13/thinking-about-buying-stock-endo-international-american-airlines-science-37-tdh-holdings-or-norwegian-cruise-line/ | 2022-06-13T15:32:32Z |
Sequans Communications Announces Second Quarter 2022 Financial Results
Published: Aug. 2, 2022 at 5:00 AM CDT|Updated: 2 hours ago
PARIS, Aug. 2, 2022 /PRNewswire/ -- Sequans Communications S.A. (NYSE: SQNS), a leading developer and provider of 5G/4G solutions for IoT devices, today announced financial results for the second quarter ended June 30, 2022.
Second Quarter 2022 Summary Results Table:
"Our second quarter growth was boosted by our Monarch Cat-M product family, which grew 13% sequentially and 122% year-over-year, continuing its first-quarter strong performance," said Georges Karam, CEO of Sequans. "Revenue for the quarter increased 11% year-over-year, with Massive IoT growing 12% and the Broadband category growing 9%, due to services revenue. Broadband revenue decreased sequentially due to the expected decline of licensing revenue generated by our existing 5G agreements, which was fully offset by the growth in our Massive IoT business. Our product revenue pipeline continues to build with more design wins, and we are moving them towards mass production, although the shutdowns in China have delayed a few product launches. While most of the design wins are with the Monarch family, our main growth driver, we are seeing increasing interest in our new Cat 1 Calliope 2 platform that we expect to drive additional growth in 2023."
Mr. Karam continued, "I am pleased to announce that we finalized all the terms of a licensing agreement with a new 5G strategic partner that is expected to fully fund the development of our 5G platform. Execution of the deal should be concluded shortly subject to some final logistical steps."
Q3 2022 Outlook
Management plans to update the outlook once the strategic 5G agreement is closed.
Second Quarter 2022 Highlights:
Revenue: Revenue was $14.2 million, an increase of 2.4% compared to the first quarter of 2022 and an increase of 10.6% compared to the second quarter of 2021. The increase from the first quarter was primarily due to increased Massive IoT revenues that offset the decline in Broadband service revenue.
Gross margin: Gross margin was 60.7% compared to 68.1% in the first quarter of 2022 and compared to 56.6% in the second quarter of 2021 due to the higher proportion of product sales versus license and service revenue in the revenue mix.
Operating loss: Operating loss was $2.1 million flat compared to the first quarter of 2022 and $3.4 million in the second quarter of 2021.
Net profit / loss: Net loss was $3.1 million, or ($0.07) per diluted ADS, compared to net profit of $2.0 million, or $0.04 per ADS, in the first quarter of 2022 and a net loss of $1.3 million, or ($0.04) per ADS, in the second quarter of 2021. Net loss in the second quarter of 2022 includes a $0.7 million gain on the change in fair value of the convertible debt derivative compared to a $6.4 million gain in the first quarter of 2022 and a $1.4 million gain in the second quarter of 2021.
Non-IFRS Net loss and diluted loss per ADS: Excluding the non-cash stock-based compensation, the non-cash impact of the fair-value and effective interest adjustments related to the convertible debt with embedded derivatives and other financings, non-IFRS net loss was $1.1 million, or ($0.02) per ADS, compared to $1.8 million, or ($0.04) per ADS in the first quarter of 2022, and $5.6 million, or ($0.15) per ADS, in the second quarter of 2021. The non-IFRS net loss includes foreign exchange gains of $1.2 million, or $0.02 per ADS, in the second quarter of 2022, $370,000, or less $0.01 per ADS, in the first quarter of 2022 and a loss of $1.0 million, or ($0.03) per ADS, in the second quarter of 2021.
Cash: Cash and cash equivalents and short-term deposits at June 30, 2022 totaled $16.8 million compared to $26.3 million at March 31, 2022. The amount at June 30, 2022 excludes grant funding of $3.0 million received July 1, 2022.
Conference Call and Webcast
Sequans plans to conduct a teleconference and live webcast to discuss the financial results for the second quarter of 2022 today, August 2, 2022 at 8:00 a.m. ET /14:00 CET. To participate in the live call, analysts and investors should dial 877-407-0792 or +1 201-689-8263 if outside the U.S. When prompted, provide the event title or access code: 13730885. A live and archived webcast of the call will be available from the Investors section of the Sequans website at www.sequans.com/investors/. An audio replay of the conference call will be available until August 16, 2022 by dialing toll free 844-512-2921 or +1 412-317-6671 from outside the U.S., using the following access code:13730855.
Forward Looking Statements
This press release contains projections and other forward-looking statements regarding future events, including the expected execution of a new strategic agreement, and our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding future results of operations and financial positions, business strategy and plans, including ability to enter into and close a new 5G strategic agreement on presently negotiated terms and the expectation that the potential agreement will fully fund the development of our first 5G platform, expectations for Massive IoT sales, the impact of the Covid-19 on our supply chain and on customer demand, the impact of component shortages and manufacturing capacity, our ability to convert our pipeline to revenue and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We undertake no obligation to update the information made in this release in the event facts or circumstances subsequently change after the date of this press release. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not rely on or place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. In addition to the risk factors contained in our Form 20-F for the fiscal year ended December 31, 2021, some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: (i) the contraction or lack of growth of markets in which we compete and in which our products are sold, (ii) unexpected increases in our expenses resulting from inflationary pressures, including manufacturing expenses, (iii) our inability to adjust spending quickly enough to offset any unexpected revenue shortfall, (iv) delays or cancellations in spending by our customers, (v) unexpected average selling price reductions, (vi) the significant fluctuation to which our quarterly revenue and operating results are subject due to cyclicality in the wireless communications industry and transitions to new process technologies, (vii) our inability to anticipate the future market demands and future needs of our customers, (viii) our inability to achieve new design wins or for design wins to result in shipments of our products at levels and in the timeframes we currently expect, (ix) our inability to enter into and execute on strategic alliances, (x) our ability to meet performance milestones under strategic license agreements, (xi) the impact of natural disasters on our sourcing operations and supply chain, (xii) the impact of the Ukraine-Russia conflict on our independent contractors located in Ukraine, (xiii) the impact of Covid-19 on the ability to operate our business and research, production of our products or demand for our products by customers whose supply chain is impacted or whose operations have been impacted by government shelter-in-place or similar orders or Covid-19 workforce shortages, (xiv) our ability to raise debt and equity financing, and (xv) other factors detailed in documents we file from time to time with the Securities and Exchange Commission.
Use of Non-IFRS/non-GAAP Financial Measures
To supplement our unaudited consolidated financial statements prepared in accordance with IFRS, we disclose certain non-IFRS, or non-GAAP, financial measures. These measures exclude the non-cash stock-based compensation and the non-cash impacts of convertible debt amendments, conversions and repayments, effective interest adjustments related to the convertible debt with embedded derivatives and other financings; and deferred tax benefit or expense related to the convertible debt and other financings. We believe that these measures can be useful to facilitate comparisons among different companies. These non-GAAP measures have limitations in that the non-GAAP measures we use may not be directly comparable to those reported by other companies. We seek to compensate for this limitation by providing a reconciliation of the non-GAAP financial measures to the most directly comparable IFRS measures in the table attached to this press release.
About Sequans Communications
Sequans Communications S.A. (NYSE: SQNS) is a leading developer and provider of 5G and 4G chips and modules for IoT devices. For 5G/4G massive IoT applications, Sequans provides a comprehensive product portfolio based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms, featuring industry-leading low power consumption, a large set of integrated functionalities, and global deployment capability. For 5G/4G broadband and critical IoT applications, Sequans offers a product portfolio based on its Cassiopeia 4G Cat 4/Cat 6 and planned high-end Taurus 5G chip platforms, optimized for low-cost residential, enterprise, and industrial applications. Founded in 2003, Sequans is based in Paris, France with additional offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, South Korea, and China.
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. | https://www.kxii.com/prnewswire/2022/08/02/sequans-communications-announces-second-quarter-2022-financial-results/ | 2022-08-02T11:54:17Z |
Did you lose money on investments in IBM? If so, please visit International Business Machines Corporation Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.
NEW YORK, April 6, 2022 /PRNewswire/ -- Bernstein Liebhard LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of International Business Machines Corporation ("IBM" or the "Company") (NYSE: IBM) between April 4, 2017 and October 20, 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.
Plaintiff alleges that Defendants fraudulently shifted billions of dollars in revenues from IBM's mainframe line of business to its Strategic Imperatives and Cloud, Analytics, Mobile, Security, and Social ("CAMSS") line of business. Defendants thus propped up revenues for these lines, increased their long-term incentive compensation, and appeased the investing community while waiting for the Company's new business model to come to fruition.
Plaintiff alleges that IBM partially disclosed evidence of this fraud after the close of the market on October 16, 2018, when Defendants revealed a shortfall in revenue and disappointing 3Q2018 growth associated with the Company's Strategic Imperatives and CAMSS lines of business, particularly its Cloud business line. IBM's stock price fell approximately $11 per share by the close of trading on October 17, 2018.
On October 20, 2021, after the close of the market, the Company issued a press release announcing its 3Q2021 results. The Company announced total revenues for the quarter of $17.62 billion, a shortfall of $191.84 million based on analyst estimates. The main culprit was the Cloud & Cognitive Software segment, which had revenues of $5.69 billion, a shortfall of approximately $80 million based on analyst estimates of $5.77 billion. Over 42% of the $191 million shortfall was attributable to the Company's Cloud & Cognitive Software segment – where most of the strategic revenue produced by the fraudulent scheme and wrongful reclassification of revenues from non-strategic to strategic historically went.
On this news, the price of IBM common stock fell more than 9%, closing at $121.07 per share on October 21, 2021.
If you wish to serve as lead plaintiff, you must move the Court no later than June 6, 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 IBM securities, and/or would like to discuss your legal rights and options please visit International Business Machines Corporation 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
View original content to download multimedia:
SOURCE Bernstein Liebhard LLP | https://www.mysuncoast.com/prnewswire/2022/04/07/international-business-machines-corporation-nyse-ibm-shareholder-class-action-alert-bernstein-liebhard-llp-announces-that-securities-class-action-lawsuit-has-been-filed-against-international-business-machines-corporation-nyse-ibm/ | 2022-04-07T06:03:01Z |
GRAPHIC: Bodycam video released in fatal shooting of Black man by Houston officer
(Gray News) – Texas police released bodycam video Tuesday of an officer-involved shooting that took place in April, resulting in the death of a Black man.
The Houston Police Department says officers were searching for a suspect on Wednesday, April 27. The department says 29-year-old Jalen Javon Randle was wanted on three felony warrants.
In a release on April 29, the department said officers saw Randle get into the passenger seat of a silver vehicle, which then left the area.
When officers intervened and initiated a traffic stop, they said the driver of the vehicle refused to stop. Officers pursued and blocked the vehicle’s path, bringing it to a stop.
When Randle exited the vehicle, the department says an officer fired one shot, which hit the suspect. Police say the suspect had a bag with a gun inside at the time of the shooting.
Officers began medical treatment on Randle before paramedics arrived and took him to the hospital, where he was later pronounced dead.
The 32-year-old driver was taken into custody and charged with attempting to elude an officer.
In the bodycam video released by the police department, the officer with the bodycam can be seen getting out of the patrol vehicle to confront Randle and the driver of the vehicle following the police pursuit.
The officer can be heard shouting out commands and appears to immediately fire a shot from his firearm without waiting for a response, shouting “Oh, s**t,” right after the shot occurs.
He and the other responding officers run over to Randle, who is on the ground, and put him in handcuffs before dragging him over the sidewalk and into the yard. They then begin to administer first aid to Randle, who appears to be unresponsive.
Attorney Ben Crump drew attention to the video on social media Tuesday.
The Houston Police Department said they are continuing to investigate the events which led up to the shooting.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/05/27/graphic-bodycam-video-released-fatal-shooting-black-man-by-houston-officer/ | 2022-05-27T00:54:36Z |
WOODLAND HILLS, Calif., July 18, 2022 /PRNewswire/ -- Fino Services, LLC, headquartered in Katy, TX., will deploy Input 1's Premium Billing System, the industry's leading premium finance software, as the technology platform for its captive premium finance division, Infi Union, LLC.
Fino Services has been experiencing rapid growth in recent years, and they saw the benefit of providing a captive premium finance offering to their policyholders. Fino required a mature, stable, and user-friendly technology platform that would integrate seamlessly with their existing operations while having all the latest capabilities to grow its premium finance business. "Our insurance business continues to carve out a solid niche. We knew we had to partner with a technology provider that delivered the tools and know-how to propel our captive premium finance division to success", said Oscar Rodriguez, CEO of Fino Services. "In looking at the technology landscape, there is none better than Input 1's Premium Billing System. The platform checks off all boxes. Input 1's practice of monthly updates and enhancements to their platform ensures us the most advanced feature set and a solid customer experience. With PBS in place, we can focus on growing our business with the confidence to know our technology will be there to support us."
Input 1's Premium Billing System is the leading premium finance technology platform in the US and Canada. "We take pride in delivering a comprehensive cloud-based premium finance management solution that gives premium finance companies everything they need to run a successful business," said Chris Farfaras, Executive Vice President and CSMO of Input 1. "We are excited to have Fino Services select PBS. We see the level of growth that Fino Services has accomplished by always placing its customers first. They don't rest on their laurels, nor do we, which makes our partnership a great fit."
About Fino Services, LLC
Fino Services, LLC, formed in 2009, is a premier retail insurance agency headquartered in Katy, Texas. Fino Services specializes in providing personal and commercial insurance coverage to the great state of Texas and will soon be expanding its business into other states.
About Input 1
Since 1984, Input 1 has provided digital billing and payment solutions to insurance carriers, MGAs, banks, agencies, and premium finance companies throughout North America. The company's insurance software and cloud-based billing and payment solutions provide online access to more than one million agents, brokers, and policyholders annually.
Media Contact:
Input 1 | Marketing Department
information@input1.com
888-882-2554 x2135
View original content to download multimedia:
SOURCE Input 1 | https://www.wibw.com/prnewswire/2022/07/18/fino-services-deploy-input-1s-premium-billing-system-elevate-its-captive-premium-finance-division/ | 2022-07-18T14:49:25Z |
Inspired by a sustainable, supersonic future, this high-tech capsule is fit to fly, even at 60,000 feet
DENVER, July 15, 2022 /PRNewswire/ -- Boom Supersonic, the aerospace company building the world's fastest airliner, optimized for speed, safety, and sustainability, has announced a collaboration with Ministry of Supply, the MIT-founded apparel company that uses science to create comfortable, innovative and sustainable workleisure clothing. The exclusive capsule collection is inspired by a supersonic future where travel time is halved, sustainability is the standard, and comfort is always in style.
"Flying supersonic is not just a means of transportation—speed resonates with those who value productivity, treasure moments of joy, and believe in the power of science," said Gihan Amarasiriwardena, President and Co-Founder of Ministry of Supply. "We're thrilled to be able to bring this capsule to the world and inspire trips to those far-off destinations unlocked through supersonic flight."
"At Boom, our mission is to make the world dramatically more accessible," said Bob Stohrer, Chief Marketing Officer for Boom Supersonic. "Our collection with Ministry of Supply is styled to a future where we can explore the world with much greater efficiency and ease."
The Boom x Ministry of Supply Supersonic Capsule is an exclusive six-piece branded 'system' designed for those on the move. Each piece is designed to offer the ideal blend of engineering, performance, and comfort, and includes:
- The world's fastest blazer. Like the world's fastest and most sustainable supersonic airline, Overture, the Kinetic Blazer is engineered for efficient travel, with warp-knit, wrinkle resistant stretch fabric. Kinetic has broken two Guinness World Records for the fastest half-marathon in a suit, and is crafted by a team that specializes in carbon fiber used for aircraft fuselages.
- Coffee-powered socks. Atlas Crew Socks pair body-mapped cushioning with odor-absorbing, coffee-infused yarn, to maximize freshness from takeoff to touch-down.
- 3D Print-Knit eye mask. Moisture-wicking fabric helps to mitigate dry eyes, designed and knit in 3D to create a form-fitting, light-blocking seal around the eyes for more peaceful overnight trips.
- Travel blanket. Made from 100% recycled material, this blanket is perfectly sized for travel, and moisture-wicking for next-level humidity control, creating a more comfortable microclimate in flight.
- Weekend tote. An all-purpose tote large enough to carry the essentials, designed with tough, nylon-webbed shoulder straps for enhanced durability.
- Travel cup. A vacuum-insulated stainless steel mug keeps your favorite travel beverage at just the right temperature throughout your journey.
The limited-edition supersonic travel capsule collection is available now at Ministry of Supply, while quantities remain. To explore the collaboration, please visit: https://www.ministryofsupply.com/all/boom-x-ministry-of-supply-supersonic-capsule
Boom Supersonic is redefining commercial air travel by bringing sustainable, supersonic flight to the skies. Boom's historic commercial airliner, Overture, is designed and committed to industry-leading standards of speed, safety, and sustainability. Overture will be net-zero carbon, capable of flying on 100% sustainable aviation fuels (SAF) at twice the speed of today's fastest passenger jets. Overture's order book, including purchases and options, stands at 70 aircraft, and Boom is working with the United States Air Force for government applications of Overture. Named one of TIME's Best Inventions of 2021, the XB-1 demonstrator aircraft rolled out in 2020, and its carbon neutral flight test program is underway. The company is backed by world-class investors, including Bessemer Venture Partners, Prime Movers Lab, Emerson Collective and Amex Ventures. For more information, visit https://boomsupersonic.com.
Connect with Boom Supersonic on Twitter, LinkedIn, Facebook, Instagram, YouTube
Ministry of Supply is an MIT-founded clothing company that leverages advanced manufacturing techniques, innovative materials, and human-centered design to make clothing scientifically better and more adaptable for the modern hybrid lifestyle. For more information, visit www.ministryofsupply.com.
Connect with Ministry of Supply on LinkedIn, Facebook and Instagram
Photos and video available at https://boomsupersonic.com/press.
View original content to download multimedia:
SOURCE Boom Supersonic | https://www.wibw.com/prnewswire/2022/07/15/boom-supersonic-ministry-supply-launch-first-ever-supersonic-travel-capsule-collection/ | 2022-07-15T16:36:14Z |
LONDON and BOSTON, Aug. 3, 2022 /PRNewswire/ -- Momentum is thrilled to be recognised yet again as a Best Company to Work For in 2022 and receive a 2 Star accreditation for "Outstanding" levels of workplace engagement.
This accolade is a testament to the work Momentum has put into boosting its company culture and employee engagement levels over the past year. These efforts have paid off, with Momentum surpassing its 2021 Best Companies score for "Very Good" levels of workplace engagement.
Key initiatives the company has launched in the last 12 months include a four-day week trial, monthly in-person social events, clear career progression pathways, an ESG committee, and a Flexa-accredited flexitime policy that allows employees to work in a way that suits them.
"We are beyond delighted to be recognized as an Outstanding employer," said Alisha Lyndon, founder and CEO of Momentum. "We have always strived to be a safe and supportive workplace that truly values its people, so to be on the Best Companies to Work For league table is a real honor."
Momentum is guided by five values that inform its work and culture: Extreme ownership, Proactivity, Entrepreneurialism, Realism, and Teamwork (XPERT). These values create a foundation of trust and transparency that is valued hugely by employees.
"Attracting and retaining talent is incredibly important to us and the Best Companies accolade is another way we are showing potential recruits that we really care about our people – and more importantly, that our people are happy and engaged," said Rhian Price, People Director, Momentum.
Best Companies rates organizations' workplace engagement using a unique scoring system and employee survey. Momentum has placed somewhere in the region of 697-738 out of 1000 to achieve its Outstanding score. More details, including which categories Momentum leads in, will be released on 19 August at the Best Companies Live event in Media City, London.
To read more about Momentum visit wearemomentum.com or head to our Flexa page to learn about our flexible working policies. Find out about Best Companies accreditations here.
Media contact: alexandra.koenig@wearemomentum.com, +44 203 858 0808
Photo - https://mma.prnewswire.com/media/1870201/Momentum_photo.jpg
Logo - https://mma.prnewswire.com/media/1856730/Momentum_Logo.jpg
View original content to download multimedia:
SOURCE Momentum, the global growth consultancy | https://www.wibw.com/prnewswire/2022/08/03/momentum-named-best-company-work-with-outstanding-levels-workplace-engagement/ | 2022-08-03T06:42:52Z |
- As regulatory scrutiny over device biocompatibility increases, MCRA forms a world class team of biocompatibility experts from FDA and industry.
- Key hires Eric M. Sussman, PhD, and Claus Svane Søndergaard, PhD, recently joined MCRA to bring further FDA and industry biocompatibility experience to MCRA's recently established division.
- Dr's. Sussman and Søndergaard join MCRA's 3 former FDA biocompatibility experts, Robert A. Allen, PhD; Mehdi Kazemzadeh-Narbat, PhD, PMP, CQA; and Veronica Fleck, M.S., RAC.
WASHINGTON, Aug. 16, 2022 /PRNewswire/ -- MCRA, LLC, a leading medical device and biologics advisory firm and clinical research organization (CRO) integrating US and International Regulatory, Clinical Research, Reimbursement, Healthcare Compliance, Quality Assurance, and Cybersecurity, is pleased to announce the formation and expansion of its biocompatibility division, led by former FDA biocompatibility reviewer Robert A. Allen, Ph.D. To support the company's growing role in providing biocompatibility consulting services across all medical device sectors, MCRA has hired Eric M. Sussman, PhD, as its Associate Director of Biocompatibility; and Claus Svane Søndergaard, PhD, as its Senior Manager of Biocompatibility.
Dr. Sussman joined MCRA from the US Food and Drug Administration (FDA), where he spent 10 years in the Office of Science and Engineering Laboratories (OSEL), most recently as a Biomedical Engineer and consultant reviewer for biocompatibility and nanotechnology. Dr. Sussman's extensive knowledge of biocompatibility includes chemical characterization, toxicological risk assessment, nanomaterials evaluation, and both in vitro and in vivo biological testing based on the international standards (ISO 10993) and FDA guidance. Dr. Sussman is active in the international toxicology and biomaterials communities, serving in numerous leadership roles in the Society for Biomaterials (SFB) and as a member of the Society of Toxicology (SOT). Dr. Sussman led authorship of FDA's perspective on chemical characterization of medical devices in 2022.1
Dr. Claus Svane Søndergaard, PhD joined MCRA as Senior Manager of Biocompatibility. He is the former Manager of the Department of Discovery and Biosciences and a former Biocompatibility Specialist at Cook Biotech. There he held company-wide responsibility for biological risk assessments including biocompatibility, toxicology, viral inactivation validation, and zoonotic surveillance.
Dr. Sussman and Dr. Søndergaard join an already established world-class biocompatibility team of 3 former FDA biocompatibility experts:
- Robert A. Allen, PhD, Associate Director of Regulatory Affairs, is a former FDA biocompatibility reviewer and pre-market lead reviewer for cardiovascular devices.
- Dr. Mehdi Kazemzadeh-Narbat, PhD, PMP, CQA, Associate Director of Regulatory Affairs, is a former FDA biocompatibility reviewer/focal point and subject matter expert for animal studies and antimicrobial associated devices. Dr. Kazemzadeh-Narbat was also acting team lead and a pre-market and post-market lead reviewer of orthopedic and dental devices at FDA.
- Ms. Veronica Fleck, MS, RAC, Director of Regulatory Affairs, is a former FDA biocompatibility reviewer and pre-market lead reviewer for orthopedic devices.
Dr. Allen, who leads MCRA's Biocompatibility Team, said "Biocompatibility is a rapidly growing area of need in the medical device industry. We expect the need to continue growing as the international biocompatibility standards are under heavy revision, and the regulatory interpretations of these standards continue to evolve. The MCRA biocompatibility team is committed to providing clients with biocompatibility advisement that keeps up with these changing technical and regulatory expectations. Dr. Sussman's recent leadership and experience at FDA will help us provide biocompatibility advisement that is truly cutting edge. We are excited that Dr. Sussman and Dr. Søndergaard have joined our team."
Glenn Stiegman, Senior Vice President of Clinical and Regulatory Affairs at MCRA said "Biocompatibility is central to device safety, but the path to regulatory acceptance can be a complex and resource-demanding journey, even when carefully planned and executed. I am excited about the formation of the world class biocompatibility team we built at MCRA to help our clients efficiently navigate this challenging area in a way that results in thorough evaluation of the biocompatibility of their devices and successful communication with regulatory agencies."
Longstanding MCRA client, Mark Alvis, former VP of Simplify Medical said "In preparing our PMA submission, MCRA's biocompatibility experts guided our team to develop a sophisticated strategy of toxicological-based justifications rather than costly and time-consuming biocompatibility testing. This strategy was acceptable to FDA and the product was approved."
MCRA looks forward to continuing to support innovation in the medical device industry by helping clients navigate the biocompatibility requirements both at FDA and globally.
About MCRA, LLC: MCRA is the leading privately held independent medical device and biologics Clinical Research Organization (CRO) and advisory firm. MCRA delivers to its clients industry experience at integrating five business value creators: regulatory, clinical research, reimbursement, healthcare compliance, and quality assurance to provide a dynamic, market-leading effort from innovation conception to commercialization. MCRA's integrated application of these key value-creating initiatives provides unparalleled value for its clients. MCRA has offices in Washington, DC, Hartford, CT, New York, NY, and Tokyo, Japan, and serves nearly 1,000 clients globally. Its core focus areas of therapeutic experience include orthopedics, spine, biologics, cardiovascular, diagnostic imaging, wound care, artificial intelligence, dental, general surgery, digital health, neurology, robotics, and in vitro diagnostic (IVD) devices and medical device cybersecurity. www.mcra.com
About Viscogliosi Brothers, LLC: Viscogliosi Brothers, LLC (VB) founded MCRA in 2004. VB is headquartered in New York City and specializes in merchant banking activities for the neuromusculoskeletal industry as a full life cycle investor, investing in all stages in companies from inception through growth. VB is dedicated to financing healthcare innovation globally. www.vbllc.com
To reach MCRA's Biocompatibility Team, please contact:
Alyssa Howard
Vice President, Business Development
Phone: 215.870.3952
Email: ahoward@mcra.com
1 Sussman EM, Oktem B, Isayeva IS, Liu J, Wickramasekara S, Chandrasekar V, Nahan K, Shin HY, Zheng J. Chemical Characterization and Non-targeted Analysis of Medical Device Extracts: A Review of Current Approaches, Gaps, and Emerging Practices. ACS Biomater Sci Eng. 2022 Mar 14;8(3):939-963. doi: 10.1021/acsbiomaterials.1c01119. Epub 2022 Feb 16. PMID: 35171560.
View original content to download multimedia:
SOURCE MCRA, LLC | https://www.mysuncoast.com/prnewswire/2022/08/16/mcra-expands-recently-formed-biocompatibility-division-with-2-key-hires-fda-industry/ | 2022-08-16T15:06:34Z |
SAN JOSE, Calif., Aug. 25, 2022 /PRNewswire/ -- Flex (NASDAQ: FLEX) has announced members of its leadership team will participate in the upcoming investor conferences:
Citi's 2022 Global Technology Conference
Date: September 7, 2022
Presentation time: 10:00am PT / 1:00pm ET
Goldman Sachs Communacopia + Technology Conference
Date: September 12, 2022
Presentation time: 11:30am PT / 2:30pm ET
The presentations will be available as live webcasts accessible through the Flex Investor Relations website at https://investors.flex.com. An archived replay will be available on the website shortly after the conclusion of each presentation.
Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.
Contacts
Investors & Analysts
David A. Rubin
Vice President, Investor Relations
(408) 577-4632
David.Rubin@flex.com
Media & Press
Mark Plungy
Director, Corporate Public Relations
(408) 442-1691
Mark.Plungy@flex.com
View original content to download multimedia:
SOURCE Flex | https://www.kxii.com/prnewswire/2022/08/25/flex-participate-upcoming-investor-conferences/ | 2022-08-25T20:33:55Z |
Arbitrum One migrates to Arbitrum Nitro, the most advanced Ethereum scaling stack to date, marking a significant step for the Ethereum and Arbitrum ecosystems
NEW YORK, Aug. 31, 2022 /PRNewswire/ -- Offchain Labs, developer of Arbitrum, the leading Layer 2 (L2) scaling solution for Ethereum, today announced the mainnet migration of Arbitrum One, its optimistic rollup technology, to Nitro, a scaling stack that will massively increase network capacity and reduce transaction costs. This development arrives in tandem with the one-year anniversary of the original beta launch of Arbitrum One, its optimistic rollup technology, providing a secure, trustless, EVM-compatible L2.
In April 2022, Offchain Labs opened the complete Arbitrum Nitro codebase and launched a permissionless devnet built on top of Arbitrum Rollup Görli Testnet, allowing the ecosystem's community to experience Nitro. Through today's migration, Arbitrum Nitro officially replaces Arbitrum One, with no expected interruptions to the experience.
Steven Goldfeder, CEO and Co-Founder of Offchain Labs, commented on the news, "Today's launch and migration is a massive milestone for Arbitrum and our community. We have released a robust stack in our overall mission to scale Ethereum, allowing users to experience reduced fees, increased capacity, and an overall faster and more efficient experience across the ecosystem. Behind the scenes, our team accomplished no small feat – getting one step closer to building the core foundation infrastructure of Web3."
Arbitrum's AnyTrust technology has been implemented on the Nitro stack, providing a highly secure and cost efficient scaling solution that is optimal for gaming and social applications. The same technology is behind the recently announced Abritrum Nova chain that features a 'Data Availability Committee' with participation from Google Cloud, FTX, Reddit, Consensys, P2P, and QuickNode.
You can find more information on Offchain Labs here.
Offchain Labs is a venture-backed and Princeton-founded company that is developing Arbitrum, a suite of scaling technologies for Ethereum. Arbitrum is the leading scaling provider for Ethereum and has two live chains -- Arbitrum One, the scaling solution of choice for DeFi and NFTs and Arbitrum Nova, the newly announced gaming and social platform. Arbitrum's technology instantly scales apps, reducing costs and increasing capacity, without sacrificing Ethereum's security. Porting contracts to Arbitrum requires no code changes or downloads as Arbitrum is fully compatible with most existing Ethereum developer tooling. Hundreds of teams have already chosen to build in the Arbitrum ecosystem.
View original content to download multimedia:
SOURCE Offchain Labs | https://www.mysuncoast.com/prnewswire/2022/08/31/offchain-labs-announces-release-arbitrum-nitro-mainnet/ | 2022-08-31T14:08:19Z |
ING joins as the 7th major financial institution to strategically invest in OpenFin
NEW YORK and LONDON, July 6, 2022 /PRNewswire/ -- OpenFin, the operating system (OS) of enterprise productivity, announced today that it has secured a strategic investment from ING Ventures, the venture capital arm of ING making investments in companies that have strategic relevance to ING. The capital will accelerate the expansion of OpenFin OS throughout the financial industry.
OpenFin's web-based OS has become the de facto standard in financial services for powering next-generation applications and digital experiences for employees and clients. The software is now used at more than 2,400 banks, wealth and asset management firms in 60+ countries.
This announcement follows a period of accelerated growth since last year's launch of OpenFin Workspace, the new visual interface of OpenFin OS which includes components for complex windowing, advanced search, actionable notifications and application discovery. Built on Google's Chromium engine, OpenFin OS simplifies app distribution, unifies the digital workspace and enables seamless communication and workflow between apps.
The latest round of capital will be used to accelerate expansion of OpenFin OS to every user within financial services. The firm's software is already being used by 23 of top 25 global banks as well as many of the world's leading asset managers and financial services vendors.
ING adopted OpenFin's technology in 2021 to accelerate their desktop transformation strategy. Employees now have access to easy workspace management and automated workflows which are intuitive, user-friendly and help increase productivity.
Frederic Hofmann, Co-Head of ING Ventures said: "Our investment in OpenFin further validates our determination and commitment to digital transformation and innovation. We are excited to partner with OpenFin as they have proven to be the best in class app platform in this space, transforming distribution and significantly enhancing end-user productivity across the finance industry."
Adam Toms, Chief Operating Officer at OpenFin said: "We are delighted to have the backing of ING Ventures as we accelerate our expansion across Financial Services. ING's focus on innovation and their footprint across the world makes them an ideal partner for OpenFin."
ING joins a distinguished group of OpenFin investors, including Bain Capital Ventures, Barclays, CME Ventures, DRW Venture Capital, HSBC, J.P. Morgan, NYCA Partners, Pivot Investment Partners, SC Ventures and Wells Fargo Strategic Capital.
About ING
ING Ventures is the EUR 350 million venture capital fund of ING. ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank's more than 57,000 employees offer retail and wholesale banking services to customers in over 40 countries.
About OpenFin
Move Fast. Break Nothing. OpenFin is the operating system for enterprise productivity, enabling app distribution, workspace management and workflow automation. Used by 90% of global financial institutions, OpenFin deploys more than 3,500 desktop applications to more than 2,400 buy-side and sell-side firms. OpenFin investors include Bain Capital Ventures, Barclays, CME Ventures, DRW Venture Capital, HSBC, J.P. Morgan, NYCA Partners, Pivot Investment Partners, Standard Chartered and Wells Fargo Strategic Capital among others. The company is based in New York with an office in London and presence in Hong Kong.
For Media Inquiries:
OpenFin - press@openfin.co
ING - Marc.Smulders@ing.com | +31615063913
View original content to download multimedia:
SOURCE OpenFin | https://www.kxii.com/prnewswire/2022/07/06/ing-ventures-invests-openfin/ | 2022-07-06T07:21:19Z |
NEW YORK, May 18, 2022 /PRNewswire/ -- DSers, the leading e-commerce solutions provider, has announced it has established comprehensive e-commerce integration with Shopify. The link forms part of DSers' broader ongoing commitment to provide next-level dropshipping solutions that minimize time and effort whilst supercharging revenue for Shopify merchants.
Dropshipping merchants do not purchase inventory before selling products online, which means order fulfillment is highly dependent on reliable suppliers. Changes on the supplier's side directly affect whether a merchant's order can be fulfilled fast and with guaranteed quality, as well as their overall store revenue, word-of-mouth, and reputation. As a trusted Shopify partner, DSers and Shopify have engaged in comprehensive discussions and established a solid integration in order to serve multiple e-commerce dropshipping business scenarios.
"At DSers, we are proud to be a loved and trusted business partner for countless Shopify merchants worldwide. We are constantly striving to improve the dropshipping experience for sellers, allowing them to focus on closing orders and building strong marketing and branding. We will continue to work closely with Shopify to enhance connectivity and functionality, in order to offer an unparalleled e-commerce experience for Shopify merchants," said Kevin Jones, CEO at DSers.
DSers' connectivity to Shopify enables merchants to do business better in a variety of scenarios across the supply chain. During procurement, the app automatically synchronizes any supplier price changes and notifies merchants. In tandem, DSers applies pricing rules to their Shopify stores based on new prices to maintain revenue levels. Any changes in the supplier's product inventory are also automatically updated to the merchant's store in real-time.
A fundamental part of any successful e-commerce business, DSers' integration with Shopify simplifies marketing to increase profits for merchants. Sellers can set up buy-one-get-one-free (BOGO) or bundle offers in seconds using built-in marketing widgets without any prior experience or the need for platform-specific training.
For Shopify merchants, order fulfillment is critical to ensure prompt delivery and enhance customer satisfaction. By connecting their Shopify store to DSers, sellers can easily add high-quality suppliers for order fulfillment, as well as alternative suppliers to use as a backup. DSers also offers a game-changing bulk order feature: with just a few clicks, sellers can place up to 100 orders at a time in seconds and simplify the entire ordering process.
Not only a delight for merchants, the DSers and Shopify integration ensures an exceptional experience for customers to improve retention. Orders and shipping confirmation emails are automatically triggered in Shopify, so customers know exactly where their order stands at all times. Any order notes are immediately delivered to merchants on the platform to ensure they address any specific concerns, and merchants can then relay this information to suppliers to ensure orders are delivered in line with customer expectations. For more information, visit www.dsers.com
About DSers
DSers is a leading company that provides tech-enabled solutions for e-commerce merchants. The company's service portfolio includes the DSers dropshipping app, the most popular and top-rated dropshipping app on the Shopify App Store; supply chain services; and e-commerce solutions such as SaaS customization. DSers boasts a highly innovative technology development team with extensive e-commerce experience, as well as 24/7 online support for merchants. Since launching in 2018, DSers has received nearly one million installations and processed 150 million orders worldwide. The DSers app has also received 6,300+ 5-star reviews, ranking it as the top app amongst competitors.
View original content to download multimedia:
SOURCE DSers | https://www.kxii.com/prnewswire/2022/05/18/dsers-shopify-establish-solid-integrations-multiple-e-commerce-dropshipping-business-scenarios/ | 2022-05-18T15:14:44Z |
Man killed in car-to-car shooting on freeway; suspect sought
By KABC Staff
Click here for updates on this story
BELL GARDENS, California (KABC) — A man has died after he was shot while driving on the 710 Freeway in Bell Gardens overnight.
The shooting happened shortly before 1 a.m. Tuesday on the northbound lanes of the freeway near the Florence Avenue off-ramp, according to the California Highway Patrol.
Authorities say the driver of a black sedan fired an unknown number of shots at the victim’s car. A motive for the shooting has not been determined.
The victim, who has not been identified, managed to pull over and call 911. He was taken to St. Francis Hospital but did not survive his injuries.
The suspect fled the scene and authorities are asking anyone with information to contact officers at 323-980-4600.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. | https://localnews8.com/news/2022/04/05/man-killed-in-car-to-car-shooting-on-freeway-suspect-sought/ | 2022-04-05T22:09:12Z |
WASHINGTON, Aug. 31, 2022 /PRNewswire/ -- NASA and Axiom Space have signed a mission order for the second private astronaut mission to the International Space Station to take place in the second quarter of 2023.
"With each new step forward, we are working together with commercial space companies and growing the economy in low-Earth orbit," said Phil McAlister, director of commercial space at NASA Headquarters. "In addition to expanding access to orbit for more people, we are also hoping these private astronaut missions will help the industry learn and develop the skillset to conduct such missions, and NASA is benefitting from gaining additional capability, particularly with returning additional cargo from the space station."
The spaceflight, designated as Axiom Mission 2 (Ax-2), will launch from NASA's Kennedy Space Center in Florida and travel to the space station. Once docked, the Axiom astronauts are scheduled to spend 10 days aboard the orbiting laboratory. NASA and Axiom mission planners will coordinate in-orbit activities for the private astronauts to conduct in coordination with space station crew members and flight controllers on the ground.
"Axiom Space's Ax-2 mission builds upon the success of Ax-1, which demonstrated our team's ability to work collaboratively with our partners at NASA and SpaceX to plan and execute a complex human spaceflight mission," said Derek Hassmann, Axiom's chief of Mission Integration and Operations. "Axiom continues to fund and fly private astronaut missions to the International Space Station to build our expertise and attract new customers in preparation for the launch of our space station, Axiom Station. Our new Ax-2 crew, together with a full mission manifest of science, outreach, and commercial activities, will continue to increase utilization of the International Space Station National Laboratory and demonstrate to the world the benefits of commercial space missions for all humanity."
For the Ax-2 mission, Axiom Space will submit four proposed crew members and four back up crew to the station's Multilateral Crew Operations Panel for review. NASA is currently requiring all private astronaut mission providers to select a previously flown NASA astronaut as the spacecraft commander, and Axiom will comply with that requirement for Ax-2. Following review and approval from NASA and its international partners, the prime crew members for the mission will be named.
The Ax-2 crew members will train for their flight with NASA, international partners, and SpaceX, which Axiom has contracted as launch provider for transportation to and from the space station and who will familiarize the private astronauts with systems, procedures, and emergency preparedness for the space station and the Dragon spacecraft. Based on current mission planning, team crew training is scheduled to begin this fall.
In December 2021, NASA announced the selection of Axiom Space for negotiations for the second private astronaut mission. To conduct the mission, Axiom is obtaining NASA services via both the mission specific order and Reimbursable Space Act Agreements.
Through the mission specific order, Axiom is obtaining from NASA services such as crew supplies, cargo delivery to space, storage, and other in-orbit resources for daily use. The order also accommodates up to an additional contingency week aboard the space station. This mission is subject to NASA's updated pricing policy for private astronaut missions, which reflects the full value of services the agency is providing to Axiom that are above space station baseline capabilities.
The order also identifies capabilities NASA will obtain from Axiom, including the return of scientific samples that must be kept cold in transit back to Earth, the return of a Nitrogen/Oxygen Recharge System (NORS) tank, the capability for last-minute return of two cargo transfer bags, and up to 10 hours of the private astronaut mission commander's time during the docked mission to complete NASA science or perform tasks for NASA.
Through Reimbursable Space Act Agreements, Axiom will reimburse NASA for services to enable the mission, such as training for crew members and use of facilities at NASA's Johnson Space Center in Houston and Kennedy Space Center in Florida. In addition, SpaceX has a Reimbursable Space Act Agreement with Kennedy for launch services.
For more than 21 years, NASA has supported a continuous U.S. human presence in low-Earth orbit. The agency's goal is a low-Earth orbit marketplace where NASA is one of many customers, and the private sector leads the way. This strategy will provide services the government needs at a lower cost, enabling the agency to focus on its Artemis missions to the Moon and on to Mars while continuing to use low-Earth orbit as a training and proving ground for those deep space missions.
Learn more about how NASA is fostering a robust commercial low-Earth orbit economy at:
https://www.nasa.gov/leo-economy
Find out about Axiom Space and its collaborations with NASA at:
View original content to download multimedia:
SOURCE NASA | https://www.mysuncoast.com/prnewswire/2022/08/31/nasa-axiom-sign-second-private-astronaut-mission-space-station-order/ | 2022-08-31T20:15:16Z |
Enhances toll, violation management and clean air zone compliance solutions for rental, fleets and issuing authorities
MESA, Ariz., July 18, 2022 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today it is continuing to expand its European operations with new contract wins, partnerships and strategic memberships to further solve complex challenges for rental, fleet and issuing authorities operating within Europe's evolving transportation infrastructure.
As European tollways migrate to cashless collection and municipalities expand air quality initiatives, fleets and agencies are turning to Verra Mobility's solutions to address toll interoperability, payments and vehicle violation compliance requirements.
Recent European customer agreements, partnerships and memberships include:
Road User Charges Violation Management Contract
Verra Mobility was awarded a contract by the UK Department for Transport's National Highways to recover unpaid road user charges and applicable penalties for the free-flow Dartford-Thurrock River Crossing, where the liable person resides outside the United Kingdom. Verra Mobility's proven software technology and violation management services have become increasingly popular in regions with significant cross-border travel to ensure fees are recovered from drivers of foreign-registered vehicles who utilize this vital road network in the UK.
Clean Air Zone Violation Management Partnership
Verra Mobility entered a partnership with the Joint Air Quality Unit (JAQU), a joint initiative of the Department for Environment, Food & Rural Affairs (Defra) and the Department for Transport (DfT). In this partnership Verra Mobility will supply technical information for non-UK registered vehicles, enabling Clean Air Zone (CAZ) authorities to issue penalties for non-compliant vehicles entering from outside the UK.
Association of Electronic Toll and Interoperable Services (AETIS)
Verra Mobility was approved as a member of AETIS, a non-profit representing 18 EETS (European Electronic Toll Service) providers across the European Union. AETIS convenes often to align on regulatory positions and advocate for the industry. Membership in AETIS supports Verra Mobility in its goal to contribute to a responsible and efficient framework for all electronic tolling in Europe.
"These partner agreements are a critical next step as we expand our European footprint in tolling services and violation management," said Tsjerk-Friso Roelfzema, general manager Europe, Verra Mobility. "Verra Mobility makes road travel in Europe more seamless and connected by providing toll solutions to our global rental car partners. We are also excited to further enhance our violation management solutions for clean air zone compliance and recovering unpaid road user charges."
The company's proprietary software technology is helping customers adapt and shift to cashless and automated tolling while solving complex payments and compliance challenges of automated tolling, new road usage charging and congestion programs and other vehicle-based costs.
About Verra Mobility
Verra Mobility (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe, Asia and Australia. For more information, please visit www.verramobility.com.
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about Verra Mobility's plans, objectives, expectations, beliefs and intentions and other statements including words such as "hope," "anticipate," "may," "believe," "expect," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology. The forward-looking statements herein represent the judgment of the Verra Mobility, as of the date of this release, and Verra Mobility disclaims any intent or obligation to update forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those currently anticipated. This press release should be read in conjunction with the information included in Verra Mobility's other press releases, reports and other filings with the SEC and on the SEC website, www.sec.gov. Understanding the information contained in these filings is important in order to fully understand Verra Mobility's reported financial results and our business outlook for future periods. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements.
Additional Information
We periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com.
We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company's press releases, SEC filings and public conference calls and webcasts.
View original content to download multimedia:
SOURCE Verra Mobility | https://www.wibw.com/prnewswire/2022/07/18/verra-mobility-expands-toll-violation-management-solutions-europe-with-new-partner-agreements/ | 2022-07-18T20:56:03Z |
Future-Ready Bank Supports Republic's Mission to Fuel Innovation for Tomorrow's Leading Companies
AMESBURY, Mass., Aug. 16, 2022 /PRNewswire/ -- BankProv, a future-ready commercial bank that offers adaptive and technology-first banking solutions to emerging markets, announced today that it will team up with Republic, a leading investment platform and crowdfunding marketplace. The Republic ecosystem has deployed over $1.5 billion in capital, supports over 600 companies, and includes over two million community members across 150 countries.
Through the collaboration, Republic will offer escrow accounts to companies looking to raise capital from investors on their platform. The Republic platform provides investors with access to vetted investment opportunities in startups, real estate, video games, crypto, and other verticals as well as syndicated funds and alternative investment opportunities. Republic was created to support fundraising efforts, expand equity investing to the masses and empower individuals by providing financial education.
"We are delighted to work with Republic and support their mission to expand access to new investment opportunities," said Dave Mansfield, CEO of BankProv. "Our focus on developing specialized Banking as a Service (BaaS) technology tailored for our customers allows us to deploy industry-first solutions to underserved markets."
Republic will utilize BankProv's BaaS offering from Treasury Prime, a leading provider of BaaS for small- to mid-sized banks, to provide escrow accounts to their clients. Treasury Prime will also provide BankProv's application programming interfaces (APIs).
"BankProv's proven ability to offer future-forward banking solutions aligned perfectly with our strategic goals," said Chuck Pettid, Head of Republic Retail. "Not only are we working with an industry leader, but we are also expanding our products to further serve our customer's evolving needs."
About BankProv
BankProv, legally operating as The Provident Bank, is a subsidiary of Provident Bancorp, Inc. (NASDAQ: PVBC). BankProv is a future-ready commercial bank for corporate clients, specializing in offering adaptive and technology-first banking solutions to niche markets, including cryptocurrency, renewable energy, fin-tech and enterprise value lending with a focus on search fund and sponsor finance acquisition loans. We are committed to offering state-of-the-art APIs (application programming interfaces) for all business clients and BaaS (Banking-as-a-Service) partners. Through our offerings, BankProv insures 100% of deposits in the event of bank failure through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). For more information, visit bankprov.com.
About Republic
Republic is a global financial technology company that allows anyone to invest in anything, anywhere. Republic operates several distinct business lines including a retail investment platform, a private capital division, and a blockchain advisory practice. The Republic ecosystem has deployed over $1.5 billion in capital, has supported over 600 companies, and comprises over 2M community members across 150 countries. Republic is backed by dozens of leading investment firms and financial institutions and its affiliated entities have co-invested with the best names in venture and private equity. Founded in 2016, Republic is headquartered in New York City with offices worldwide. For more information visit us at https://group.republic.com/ or @joinrepublic on Twitter.
About Treasury Prime
Treasury Prime is modernizing the API banking and technology systems to deliver new value to everyone: consumers, businesses, financial technology companies, and banks. Banking as a Service takes banking beyond banks. Fintechs are developing financial offerings to reach new markets and embedding banking services in their applications. Fintechs need a banking partner who can help them with the complexities of money transfer, risk mitigation, and access to a chartered bank's infrastructure, so they can focus on what matters most: building their business. For banks, these relationships bring new opportunities and channels to grow topline revenue and lower the cost of deposits.
Republic is not a bank. Banking services provided by BankProv (legally, The Provident Bank) Member FDIC / Member DIF. The FDIC insures each bank depositor up to $250,000, based on deposit insurance rules. The Depositors Insurance Fund (DIF) insures all deposits above the FDIC depositor limit when placed with BankProv. Crypto assets are not insured by the FDIC, may lose value, and are not deposits or other obligations of the Bank and are not guaranteed by the Bank.
Press Contact: Tricia Peters, Vice President of Marketing
Phone: 480-253-8376
Email: tpeters@bankprov.com
View original content to download multimedia:
SOURCE BankProv | https://www.kxii.com/prnewswire/2022/08/16/bankprov-announces-strategic-integration-with-republic/ | 2022-08-16T15:37:40Z |
SAN DIEGO, Aug. 17, 2022 /PRNewswire/ -- Clairemont Healthcare & Wellness Centre, LLC, doing business as Abby Gardens Healthcare Center (the "Facility"), is a 99-bed Skilled Nursing Facility ("SNF") located at 8060 Frost Street, San Diego, California. The Facility primarily cares for patients admitted from local acute hospitals to assist with nursing and rehabilitation needs and either returning patients to their pre-hospitalization place of living or cares for patients on a long-term basis.
Abby Gardens Healthcare Center (the "Facility") has decided to voluntarily close its skilled nursing facility.
The reason for the closure is two-fold; (1) A purchase and sale agreement has been consummated between the Facility and Rady Children's Hospital, San Diego. It is expected that Rady Children's Hospital will utilize this SNF for the care of pediatric patients after the closure process is completed. (2) The Facility's negative long-term outlook with the current and projected ongoing disruption in the labor market and the inflationary wage pressures.
Pursuant to Health and Safety Code section 1336.2(g) and Assembly Bill (AB) 275 – LTC Facilities Closures, the Facility has received approval on August 12, 2022, for its Closure & Relocation Plan ("Plan") from the California Department of Public Health ("CDPH").
The Facility has communicated and provided the appropriate notices to all required constituents including patients, patient representatives, Long-Term Care Ombudsman, and various other parties affected by this planned closure.
The Facility's Plan will include safe and orderly patient transfers and intends for discharges to be to nearby or local suitable locations over a several month-period beginning in August 2022, with the planned completed relocation and closure process being completed by the end of the year (2022).
Experienced Facility staff and a dedicated Support Team, including specialized engaged consultants, will be involved daily during the Closure and Relocation process to assist in addressing all special needs of the patients with a focus on the post-discharge plan of care and continuum of care.
The Facility and Support Team plan to communicate regularly, if not daily, with CDPH and the local Long-Term Care Ombudsman during this process.
After the closure is completed, Rady Children's Hospital, the largest children's hospital in the State of California, will acquire the property located at 8060 Frost Street, San Diego, and the Skilled Nursing Facility ("SNF"). Rady Children's plans to relocate its current pediatric SNF services to this 8060 Frost Street location as it works through a multi-year plan to improve the hospital campus.
Facility/Company Statement: Jose Lynch, a company spokesperson, explained the decision: "The Abby Gardens employees and caregivers are examples of excellence in healthcare services. We are so proud of the wonderful care they have provided to patients and families over the years. Not only have they achieved the highest quality ratings (CMS "5 Star" Quality Rating) a Skilled Nursing Facility can qualify for, but they have also done this work from the heart and successfully cared for so many patients, typically returning them to their prior level of care prior to admission.
With the ongoing disruption in the labor markets and the current and projected inflationary wage pressures, we believe this is the right decision for our Facility. We are committed to a Closure and Relocation Plan for each current patient that involves each family and employee in the process, and that follows the pattern of excellence this Facility has operated by. Without a doubt, this Plan will be executed with the utmost precision to benefit all those affected by this notice. We have been fortunate to work with Rady Children's Hospital on a plan to transition this Skilled Nursing Facility, after its current closure, to a care facility that has plans to care for the pediatric children in need of this level of care."
Rady Children's Hospital Statement: A spokesperson for Rady Children's Hospital said, "We are grateful to Abby Gardens Center for their collaboration in this transition. The Helen Bernardy Center serves some of the most vulnerable and medically fragile children in our community and we are glad we were able to find a place where we can provide the best care these children and their families deserve."
View original content:
SOURCE Abby Gardens Healthcare Center | https://www.wibw.com/prnewswire/2022/08/18/abby-gardens-healthcare-center-announces-planned-closure/ | 2022-08-18T00:22:50Z |
PITTSBURGH, May 31, 2022 /PRNewswire/ -- "I wanted to create a system to protect you and your pool against accidental falls, drownings and even debris," said an inventor, from Forest Park, Ga., "so I invented the DROWN GUARD. My design could help to save lives and it could rejuvenate your entire pool experience by making it safer and more enjoyable."
The invention provides a life-saving apparatus for swimming pools. In doing so, it helps to prevent drowning accidents in the pool or by falling into the pool. As a result, it enhances safety and it provides added peace of mind. The invention features an adjustable design that is easy to install and operate so it is ideal for the owners of swimming pools, hotels, public pools, etc. Additionally, it is producible in design variations and a prototype model is available upon request.
The original design was submitted to the Atlanta sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-ALL-1580, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
View original content to download multimedia:
SOURCE InventHelp | https://www.mysuncoast.com/prnewswire/2022/05/31/inventhelp-inventor-develops-safety-system-swimming-pools-all-1580/ | 2022-05-31T16:45:07Z |
ROME (AP) — With a round of “Happy Birthday” in Italian and English, the U.S. Army toasted an Italian woman with a birthday cake Thursday to replace the one that U.S. soldiers ate as they entered her hometown during one of the final battles of World War II.
Meri Mion, who turns 90 on Friday, wiped away tears as she was presented with the cake during a ceremony in Vicenza, northwest of Venice. The event marked the anniversary of the day the 88th Infantry Division fought its way into the city on April 28, 1945.
According to the U.S. Army, Mion spent that night with her mother hiding in the attic of their farm in the nearby village of San Pietro in Gù. Retreating German soldiers had fired on the house, but when Mion awoke on the morning of her 13th birthday, American soldiers were nearby.
In a statement, the U.S. Army Garrison Italy said Mion’s mother baked her a birthday cake and left it on the windowsill to cool. But it disappeared — apparently nicked by hungry American soldiers who had already been feted by grateful Italians with wine and bread as they entered Vicenza along its main thoroughfare.
Mion seemed genuinely surprised that U.S. soldiers had returned the cake 77 years later. She marveled “Mama mia” and “Grazie” as a small crowd featuring U.S. commanders and Italian officials sang “Happy Birthday.”
“Tomorrow, we will eat that dessert, with all my family remembering this wonderful day that I will never forget,” Mion said, according to the U.S. Army. | https://cw33.com/news/international/ap-international/us-army-returns-cake-to-italian-woman-for-90th-birthday/ | 2022-04-29T07:07:09Z |
NEW YORK, May 20, 2022 /PRNewswire/ -- "The present civilisation we live in developed over thousands of years and is far from perfect. The rapid development of technology that is driving change at the moment does not give us time to reflect and is too vulnerable to technology companies and governments driving it to suit their own ends such as making money or suppressing dissident opinion. Digital civilisation must respect the values of traditional civilisation and must look like evolution rather than revolution to those whose lives it affects. Ethics and agreed ethical standards must govern it."
--Quote official website
The ideas of Digital Civilisation collected and led by Prof. Bill Roscoe have recently been published on the University College Oxford Blockchain Research Centre website: blockchain.univ.ox.ac.uk.
The original Digital Civilisation Manifesto states its principles as follow:
1. Digital Civilisation is technology in the service of humanity.
2. It is implemented on an enormous collection of organised data, contracts, transactions and assertions, to which any participant can contribute. The evolution is governed by rules.
3. Rules are public, clear and ethical. The rights of organisations and nations to draw up and modify rules are themselves public, clear and ethical. Thus rules are themselves subject to rules, such as not contradicting basic rights.
4. Adherence to rules should be easy to verify:
5. Transactions are permitted if and only if they satisfy all rules that apply to them, which may vary with the jurisdictions of the parties and items involved.
6. Data and its provenance are readily verified. Our aspiration is that all organisations collecting and dealing in data adhere to the principles of digital civilisation.
7. Personal data other than basic identity is private, and the owner can control and monitor its use: we believe in the principles of GDPR and truly informed consent.
--Quote official website
The vision of Digital Civilisation is of a world operating on a technological infrastructure which is itself reliable and trustworthy, and which helps to overcome malicious behaviours and subversions which may be present among the people and states using it. Such vision requires international cooperation and collective intelligence of experts, and thus the Digital Civilisation team is welcoming more people to join the community by means of The Digital Civilisation Decentralised Autonomous Organisation (The DC DAO). The DC DAO promotes verifiable transparency and trust technologies that can bridge the gaps of trust in technology.
"Civilisation is too important for us to allow Big Tech companies to design it for their own benefit. They have a huge role to play but should not be allowed to design its rules or to gather huge amounts of data on us without a much greater degree of informed consent than we see at present. "
"Civilisation is thus a combination of stable government, the tools and components that enable society and the people in it to function, plus the people and organisations that exist in it. "
The big vision for the future of the Internet is to have a decentralised infrastructure in which open protocols operate by set rules. This vision is inspired by the problems caused by current technology, which is failing to protect personal data and intellectual property, and using the resouces of its users to generate profits for a small group of giant tech companies. We need to change the direction in which the internet, and its interface with its hugely diverse users, is evolving.
View original content:
SOURCE Digital Civilisation | https://www.mysuncoast.com/prnewswire/2022/05/20/dc-dao-next-step-digital-civilisation/ | 2022-05-20T15:49:09Z |
LONDON, June 4, 2022 /PRNewswire/ -- ElfBar has hopped onboard London Buses for the first time to embark on a month-long tour to showcase Mate 500 Pod Kit (Mate 500) to Londoners, as part of its ad campaign to bring ElfBar products closer to the UK customers. From May 9th through June 19th, the rechargeable vape kit is featured on 300 iconic scarlet double-deckers crisscrossing Central London, as well as 147 out-of-door electronic billboards dotted around the city to introduce ElfBar eco-friendly and cost-effective vaping solutions to the local users.
Mate 500 is incredibly durable ensures all-day use and compatible with ElfBar Mate P1 Pre-filled Pods that offer a wide range of delicious flavours to give users a smooth and satisfying vaping experience. Sporting an aircraft-grade aluminium body with matte finishes and premium metallic texture, it is extremely lightweight and easy to use, with no extra steps needed to set up the device.
"Supported by the sound policy environment, the UK has seen the growing acceptance of vaping devices as the tools to promote a smoke-free society. All these factors have not only strengthened the professionalism and the sense of responsibility of the industry players, but also made the UK one of our top markets," said Daisy Luo, UK Country Lead for ElfBar.
"Since ElfBar introduced the first product to the UK, we are overwhelmed with the positive response from British consumers, so we hope to take this opportunity to strengthen our connection with the local users and retailers alike who have given us so much support throughout the journey. In response to the mounting environmental concerns, the launch of ElfBar Mate 500 Pod Kit is our latest endeavour to reduce the company's carbon and waste footprint, helping us advance our ESG pledges as we continue to build a portfolio of environmentally friendly products ," Daisy added.
"The introduction of ElfBar Mate 500 only marks a small step in our marathon. Another popular product, ElfBar ELFA Pod Vape Kit, is expected to follow in its footstep to meet global customers soon. Driven by our brand value, we will continue to upgrade our product features and roll out more high-quality models based on the feedback from users," said Daisy.
For more information, please visit: www.elfbar.com
View original content to download multimedia:
SOURCE ElfBar | https://www.wibw.com/prnewswire/2022/06/04/elfbar-strengthens-ties-with-uk-costumers-through-ad-campaign-london-double-deckers-billboards/ | 2022-06-04T12:51:21Z |
CHARLESTON, S.C., June 21, 2022 /PRNewswire/ -- The U.S. VasQ™ External Support Comparative Study results were presented this month for the first time globally at the VASA 2022. The study was a propensity-score matched comparison of the VasQ U.S. Pivotal Study single-arm prospective data with untreated contemporary Medicare patients who underwent arterio-venous fistula creation for hemodialysis by the same study surgeons. The study results demonstrated a significant improvement in primary patency and fistula usability with less re-intervention burden within the first 6 months post-creation.
Dr. C. Keith Ozaki, vascular surgeon and Executive Vice Chair of the Department of Surgery at Brigham and Women's Hospital of Boston, MA, and the local principal investigator for the phase 3 Pivotal study, stated, "The results of this carefully performed analysis clearly link higher patency, lower reintervention rates, and increased hemodialysis access usability with the VasQ device. This data supports similar results from multiple European studies on VasQ's ability to reduce intervention burden on hemodialysis patients."
The data release at VASA builds on previous VasQ U.S. Pivotal Study data releases, first by Dr. Ellen Dillavou, Chief of Surgery at WakeMed, NC, who reported at VEITH 2021 that VasQ met the primary effectiveness performance goal, and second, by Dr. John Lucas III, Vascular Surgeon at Greenwood Leflore Hospital, MS, who reported at Charing CX 2022, London UK, high secondary patency rates at 2-years as compared to published contemporary U.S. meta-analyses.
Dr. Dillavou added, "The mounting volume of evidence for VasQ continues to support the adoption of this technology as standard practice for access creation in order to give our patients the best chance for successful dialysis with a fistula and expediting removal of central venous catheters."
VasQ is currently under review by the FDA for market clearance and is not available for sale in the U.S. at the time of this publication.
Laminate Medical Technologies is dedicated to making better fistulas for hemodialysis patients. Founded in 2012 by Tammy Gilon and Dr. Eyal Orion, Laminate plans to build upon the success of VasQ with additional devices currently in development to address the challenges facing fistula patients.
To learn more about VasQ and see a demonstration video, visit Laminate at http://www.laminatemedical.com/vasq/.
View original content to download multimedia:
SOURCE Laminate Medical Technologies | https://www.wibw.com/prnewswire/2022/06/21/vasq-external-support-comparative-us-study-demonstrated-greater-fistula-primary-patency-usability-with-lower-intervention-rate/ | 2022-06-21T15:16:17Z |
BEIRUT (AP) — During a visit to Syria in 2017, Vladimir Putin lavished praise on a Syrian general whose division played an instrumental role in defeating insurgents in the country’s long-running civil war. The Russian president told him his cooperation with Russian troops “will lead to great successes in the future.”
Now members of Brig. Gen. Suheil al-Hassan’s division are among hundreds of Russian-trained Syrian fighters who have reportedly signed up to fight alongside Russian troops in Ukraine, including Syrian soldiers, former rebels and experienced fighters who fought for years against the Islamic State group in Syria’s desert.
So far, only a small number appears to have arrived in Russia for military training ahead of deployment on the front lines. Although Kremlin officials boasted early in the war of more than 16,000 applications from the Middle East, U.S. officials and activists monitoring Syria say there have not yet been significant numbers of fighters from the region joining the war in Ukraine.
Analysts, however, say this could change as Russia prepares for the next phase of the battle with a full-scale offensive in eastern Ukraine. They believe fighters from Syria are more likely to be deployed in coming weeks, especially after Putin named Gen. Alexander Dvornikov, who commanded the Russian military in Syria, as the new war commander in Ukraine.
Though some question how effective Syrian fighters would be in Ukraine, they could be brought in if more forces are needed to besiege cities or to make up for rising casualties. Dvornikov is well acquainted with the multiple paramilitary forces in Syria trained by Russia while he oversaw the strategy of ruthlessly besieging and bombarding opposition-held cities in Syria into submission.
“Russia is preparing for a greater battle” in Ukraine and Syrian fighters are likely to take part, said Ahmad Hamada, a Syrian army defector who is now a military analyst based in Turkey.
Syria observers and activists say the Russians have been actively recruiting in Syria for the Ukraine war, particularly among Russian-trained combatants.
Rami Abdurrahman, who heads the Britain-based Syrian Observatory for Human Rights, an opposition war monitor, reported that so far about 40,000 people have registered — 22,000 with the Russian military and about 18,000 with the Russian private contractor Wagner Group.
Around 700 members of al-Hassan’s 25th Special Missions Forces Division, known in Syria as the “Tiger Force,” left Syria over the past weeks to fight along Russian forces, Abdurrahman said. The numbers could not be independently confirmed.
Pro-government activists posted videos over the past two weeks on social media showing members of the Tiger Force performing military drills including parachuting from helicopters. Russian officers appeared in one of the videos advising the paratroopers inside a helicopter as al-Hassan praised the young men by tapping on their heads. It was not immediately clear if the videos were new.
Abdurrahman said there are also volunteers from the Russian-trained 5th Division; the Baath brigades, which is the armed wing of Assad’s ruling Baath party; and the Palestinian Quds Brigade, made up of Palestinian refugees in Syria. All have fought alongside the Russian military in Syria’s war.
“The Russians are looking for experienced fighters. They don’t want anyone who was not trained by the Russians,” Abdurrahman said.
The Tiger Force took credit for some of the biggest government victories in the 11-year conflict. It was involved in a monthslong Russian-backed campaign into the rebels’ last enclave, located in the northwest province of Idlib, which ended in March 2020 with government forces capturing a vital north-south highway — though rebels remain in control of the enclave.
Al-Hassan “is one of Russia’s men and Russia will depend on him,” said Omar Abu Layla, a Europe-based activist who runs the DeirEzzor 24, a Syria war monitoring group.
Hundreds of fighters from the 5th Division and the Quds Brigade have registered at Russia’s Hmeimeem base in western Syria, which is leading recruitment efforts, and are waiting for orders, he said.
In late March, a Russian-trained force known as the “ISIS Hunters” militia, which fought for years against IS, posted an ad calling on men aged 23 to 49 to come forward for screening, saying those who pass the test and are found suitable will be called on later.
So far, about 100 men have registered their names in the southern province of Sweida, according to Rayan Maarouf of Suwayda24, an activist collective that covers IS activities in the Syrian desert. He added that they were promised a monthly income of no less than $600, a huge sum of money amid widespread unemployment and the crash of the Syrian pound.
Earlier this month, Pentagon spokesperson John Kirby said the U.S. had indications that the Wagner Group is trying to recruit fighters, mostly from the Middle East, to deploy in eastern Ukraine’s Donbas region.
But he said there has been “no specific information” on numbers recruited. “We just aren’t there yet to see anything real demonstrable when it comes to reinforcement,” he added.
Gen. Frank McKenzie, head of U.S. Central Command, told the Senate Armed Services Committee in early March that so far there are only “very small groups” trying to make their way from Syria to Ukraine, calling it a “very small trickle.”
Retired Lebanese army general Naji Malaeb, who follows the war in Syria closely, said there is no indication so far of Syrian fighters traveling to Russia, but this could change as the war drags on.
“This all depends on what the Russians plan to do in the near future,” Malaeb said.
Syrian and Palestinian officials in Syria have played down reports of fighters heading to Ukraine. The Syrian government is likely wary of having Syrian fighters flock to Ukraine, opening opportunities at the front lines that its many opponents could exploit.
In a potentially worrying sign for the Syrian government, Russia has significantly scaled down its operations in Syria since the war in Ukraine started, with fewer airstrikes targeting IS or opposition positions in Idlib.
“Any change in the posture of Russian forces or pro-regime militias creates security gaps that anti-regime actors including Turkey, ISIS, al-Qaida and Syrian opposition groups can exploit,” the ISW report said.
Muhannad Haj Ali, a former legislator and a commander with the armed wing of Syria’s ruling Baath party said no Syrians have gone to fight in Ukraine and that he didn’t expect any to go.
He said he was certain Russia will win in Ukraine without any need for Syrians’ help.
“The way the operations are going is clear indication that Ukraine will not be another Afghanistan,” he said. | https://cw33.com/news/international/ap-international/syrian-fighters-ready-to-join-next-phase-of-ukraine-war/ | 2022-04-18T10:49:05Z |
TARRYTOWN, N.Y., May 21, 2022 /PRNewswire/ --
Children already on other lipid-lowering therapies entered the trial with dangerously high LDL-C (264 mg/dL on average), and 79% saw their LDL-C reduced by at least half at 24 weeks
FDA submission planned by end of 2022
Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) today announced positive results from a Phase 3 trial evaluating Evkeeza® (evinacumab) in children aged 5 to 11 with homozygous familial hypercholesterolemia (HoFH). The trial met its primary endpoint, showing children who added investigational Evkeeza to other lipid-lowering therapies reduced their low-density lipoprotein-cholesterol (LDL-C) by 48% at week 24 on average. Detailed results were presented today at the 5th European Atherosclerosis Society Pediatric Familial Hypercholesterolemia symposium and will form the basis of a regulatory submission to the U.S. Food and Drug Administration (FDA) later this year.
"Children living with HoFH have an incredibly rare and severe disease that causes dangerously high LDL-C levels. On current treatment options alone, many patients don't reach their treatment goals, leaving them with an uncertain future," said M. Doortje Reijman, M.D., Research Associate in Pediatric Metabolic Diseases and Nephrology at the Amsterdam University Medical Center, and a trial investigator. "Evinacumab has already demonstrated significant LDL-C reductions in adolescents and adults with HoFH. This latest Phase 3 trial illustrates the potential of this medicine to be a breakthrough HoFH therapy for children as young as 5-years old, helping them control their LDL-C early in the course of their disease."
Despite treatment with other lipid-lowering therapies, children (n=14) entered the trial with an average LDL-C level of 264 mg/dL, more than twice the target (<130 mg/dL) for pediatric patients with HoFH. After 24 weeks of Evkeeza treatment (15 mg/kg every 4 weeks delivered intravenously [IV]), the Phase 3 trial met its primary endpoint with additional results showing:
- 79% of patients reduced their LDL-C by at least half
- An absolute 132 mg/dL reduction in LDL-C from baseline, on average
- Reductions in levels of all lipid endpoint parameters assessed, which were generally observed within the first 8 weeks of treatment. These lipid parameters were apolipoprotein B, non-high-density lipoprotein cholesterol, lipoprotein(a) and total cholesterol.
Evkeeza was generally well-tolerated with all patients completing the trial. The most common adverse events (AEs) were throat pain (oropharyngeal pain, 21%) as well as upper abdominal pain, diarrhea, headache and nasopharyngitis (all 14%). There were 2 severe AEs (aortic stenosis and tonsilitis), both of which were considered unrelated to treatment.
Evkeeza is the first ANGPTL3-targeted (angiopoietin-like 3-targeted) therapy approved by the FDA (as evinacumab-dgnb) and European Commission as an adjunct therapy for certain patients aged 12 years and older with HoFH.
The potential use of Evkeeza in HoFH patients aged 5 to 11 years is currently under clinical development, and its safety and efficacy have not been fully evaluated by any regulatory authority.
About HoFH
HoFH is an ultra-rare inherited condition, and the most severe form of familial hypercholesterolemia (FH). The disease affects 1 in 160,000 to 300,000 people worldwide and approximately 1,300 in the U.S. HoFH occurs when two copies of the FH-causing genes are inherited, one from each parent, resulting in dangerously high levels (>400 mg/dL) of LDL-C, or bad cholesterol. Those living with HoFH are at risk for premature atherosclerotic disease and life-threatening cardiac events as early as their teen years.
About the trial
The Phase 3 data are the Part B portion of a three-part, single-arm, open-label trial evaluating Evkeeza in pediatric patients with HoFH aged 5 to 11 years. In Part B, 14 patients were enrolled with an average age of 9 years. Among them, 86% were on statins, 93% were on ezetimibe, 50% were on LDL apheresis and 14% were on lomitapide.
During the 24-week treatment period, patients received Evkeeza 15 mg/kg every four weeks via IV alongside their lipid-lowering treatment regimen. The primary endpoint was change in LDL-C at week 24. Secondary endpoints included the effect of Evkeeza on other lipid parameters, efficacy by mutation status, safety and tolerability, immunogenicity and pharmacokinetics (PK).
Part A was a Phase 1b trial designed to assess the PK, safety and tolerability of Evkeeza. Patients who completed Part A or B were allowed to continue treatment in Part C, an ongoing Phase 3 extension trial. Parts A, B and C were not designed to evaluate the effect of Evkeeza on cardiovascular events.
About Evkeeza® (evinacumab)
Evkeeza was invented using Regeneron's VelocImmune® technology and is a fully human monoclonal antibody that binds to and blocks the function of ANGPTL3, a protein that inhibits lipoprotein lipase (LPL) and endothelial lipase (EL) and regulates circulating lipids, including LDL-C.
Regeneron scientists discovered the angiopoietin gene family more than two decades ago (see publications from 1996, 1997 and 1999). Human genetics research published in New England Journal of Medicine in 2017 by scientists from the Regeneron Genetics Center® found that patients whose ANGPTL3 gene did not function properly (called a "loss-of function mutation") have significantly lower levels of key blood lipids, including LDL-C, and that this is associated with a significantly lower risk of coronary artery disease.
The generic name for Evkeeza in its approved U.S. indications is evinacumab-dgnb, with dgnb the suffix designated in accordance with Nonproprietary Naming of Biological Products Guidance for Industry issued by the U.S. FDA. The safety and effectiveness of Evkeeza have not been established in patients with other causes of hypercholesterolemia, including those with heterozygous familial hypercholesterolemia (HeFH). The effect of Evkeeza on cardiovascular morbidity and mortality has not been determined.
Regeneron is responsible for the development and distribution of Evkeeza in the U.S. and is collaborating with Ultragenyx to clinically develop, commercialize and distribute Evkeeza outside of the U.S.
About Regeneron's VelocImmune Technology
Regeneron's VelocImmune technology utilizes a proprietary genetically engineered mouse platform endowed with a genetically humanized immune system to produce optimized fully human antibodies. When Regeneron's President and Chief Scientific Officer George D. Yancopoulos was a graduate student with his mentor Frederick W. Alt in 1985, they were the first to envision making such a genetically humanized mouse, and Regeneron has spent decades inventing and developing VelocImmune and related VelociSuite® technologies. Dr. Yancopoulos and his team have used VelocImmune technology to create approximately one in five of all original, FDA-approved fully human monoclonal antibodies currently available. This includes Evkeeza® (evinacumab-dgnb), REGEN-COV® (casirivimab and imdevimab), Dupixent® (dupilumab), Libtayo® (cemiplimab-rwlc), Praluent® (alirocumab), Kevzara® (sarilumab) and Inmazeb™ (atoltivimab, maftivimab and odesivimab-ebgn).
IMPORTANT SAFETY INFORMATION FOR EVKEEZA® (evinacumab-dgnb) INJECTION
Who should not use EVKEEZA?
Do not use EVKEEZA if you are allergic to evinacumab-dgnb or to any of the ingredients in EVKEEZA.
Before receiving EVKEEZA, tell your healthcare provider about all of your medical conditions, including if you:
- Are pregnant or plan to become pregnant. EVKEEZA may harm your unborn baby. Tell your healthcare provider if you become pregnant while using EVKEEZA. People who are able to become pregnant:
- Your healthcare provider may do a pregnancy test before you start treatment with EVKEEZA
- You should use an effective method of birth control during treatment and for at least 5 months after the last dose of EVKEEZA. Talk with your healthcare provider about birth control methods that you can use during this time.
- Are breastfeeding or plan to breastfeed. It is not known if EVKEEZA passes into your breast milk. You and your healthcare provider should decide if you will receive EVKEEZA or breastfeed.
Tell your healthcare provider about all the medicines you take, including prescription and over-the-counter medicines, vitamins, and herbal supplements.
What are the possible side effects of EVKEEZA?
EVKEEZA can cause serious side effects, including:
Allergic reactions (hypersensitivity), including a severe reaction known as anaphylaxis. Tell your healthcare provider right away if you get any of the following symptoms: swelling (mainly of the lips, tongue or throat which makes it difficult to swallow or breathe), breathing problems or wheezing, feeling dizzy or fainting, rash, hives, and itching.
The most common side effects of EVKEEZA include symptoms of the common cold, flu-like symptoms, dizziness, pain in legs or arms, nausea, and decreased energy.
Tell your healthcare provider if you have any side effect that bothers you or does not go away. These are not all the possible side effects of EVKEEZA. Call your doctor for medical advice about side effects. You may report side effects to FDA at 1-800-FDA-1088.
Please see full Prescribing Information, including Patient Information.
About Regeneron
Regeneron (NASDAQ: REGN) is a leading biotechnology company that invents life-transforming medicines for people with serious diseases. Founded and led for over 30 years by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to nine FDA-approved treatments and numerous product candidates in development, almost all of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, pain, hematologic conditions, infectious diseases and rare diseases.
Regeneron is accelerating and improving the traditional drug development process through our proprietary VelociSuite technologies, such as VelocImmune, which uses unique genetically humanized mice to produce optimized fully human antibodies and bispecific antibodies, and through ambitious research initiatives such as the Regeneron Genetics Center, which is conducting one of the largest genetics sequencing efforts in the world.
For additional information about the company, please visit www.regeneron.com or follow @Regeneron on Twitter.
Regeneron Forward-Looking Statements and Use of Digital Media
This press release includes forward-looking statements that involve risks and uncertainties relating to future events and the future performance of Regeneron Pharmaceuticals, Inc. ("Regeneron" or the "Company"), and actual events or results may differ materially from these forward-looking statements. Words such as "anticipate," "expect," "intend," "plan," "believe," "seek," "estimate," variations of such words, and similar expressions are intended to identify such forward-looking statements, although not all forward-looking statements contain these identifying words. These statements concern, and these risks and uncertainties include, among others, the impact of SARS-CoV-2 (the virus that has caused the COVID-19 pandemic) on Regeneron's business and its employees, collaborators, and suppliers and other third parties on which Regeneron relies, Regeneron's and its collaborators' ability to continue to conduct research and clinical programs, Regeneron's ability to manage its supply chain, net product sales of products marketed or otherwise commercialized by Regeneron and/or its collaborators or licensees (collectively, "Regeneron's Products"), and the global economy; the nature, timing, and possible success and therapeutic applications of Regeneron's Products and product candidates being developed by Regeneron and/or its collaborators or licensees (collectively, "Regeneron's Product Candidates") and research and clinical programs now underway or planned, including without limitation Evkeeza® (evinacumab); the likelihood, timing, and scope of possible regulatory approval and commercial launch of Regeneron's Product Candidates and new indications for Regeneron's Products, such as Evkeeza for the treatment of children aged 5 to 11 with homozygous familial hypercholesterolemia; uncertainty of the utilization, market acceptance, and commercial success of Regeneron's Products and Regeneron's Product Candidates and the impact of studies (whether conducted by Regeneron or others and whether mandated or voluntary), including the study discussed in this press release, on any of the foregoing or any potential regulatory approval of Regeneron's Products and Regeneron's Product Candidates (such as Evkeeza); the ability of Regeneron's collaborators, licensees, suppliers, or other third parties (as applicable) to perform manufacturing, filling, finishing, packaging, labeling, distribution, and other steps related to Regeneron's Products and Regeneron's Product Candidates; the ability of Regeneron to manage supply chains for multiple products and product candidates; safety issues resulting from the administration of Regeneron's Products (such as Evkeeza) and Regeneron's Product Candidates in patients, including serious complications or side effects in connection with the use of Regeneron's Products and Regeneron's Product Candidates in clinical trials; determinations by regulatory and administrative governmental authorities which may delay or restrict Regeneron's ability to continue to develop or commercialize Regeneron's Products and Regeneron's Product Candidates, including without limitation Evkeeza; ongoing regulatory obligations and oversight impacting Regeneron's Products, research and clinical programs, and business, including those relating to patient privacy; the availability and extent of reimbursement of Regeneron's Products from third-party payers, including private payer healthcare and insurance programs, health maintenance organizations, pharmacy benefit management companies, and government programs such as Medicare and Medicaid; coverage and reimbursement determinations by such payers and new policies and procedures adopted by such payers; competing drugs and product candidates that may be superior to, or more cost effective than, Regeneron's Products and Regeneron's Product Candidates; the extent to which the results from the research and development programs conducted by Regeneron and/or its collaborators or licensees may be replicated in other studies and/or lead to advancement of product candidates to clinical trials, therapeutic applications, or regulatory approval; unanticipated expenses; the costs of developing, producing, and selling products; the ability of Regeneron to meet any of its financial projections or guidance and changes to the assumptions underlying those projections or guidance; the potential for any license, collaboration, or supply agreement, including Regeneron's agreements with Sanofi, Bayer, and Teva Pharmaceutical Industries Ltd. (or their respective affiliated companies, as applicable) to be cancelled or terminated; and risks associated with intellectual property of other parties and pending or future litigation relating thereto (including without limitation the patent litigation and other related proceedings relating to EYLEA® (aflibercept) Injection, Dupixent® (dupilumab), Praluent® (alirocumab), and REGEN-COV® (casirivimab and imdevimab)), other litigation and other proceedings and government investigations relating to the Company and/or its operations, the ultimate outcome of any such proceedings and investigations, and the impact any of the foregoing may have on Regeneron's business, prospects, operating results, and financial condition. A more complete description of these and other material risks can be found in Regeneron's filings with the U.S. Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2021 and its Form 10-Q for the quarterly period ended March 31, 2022. Any forward-looking statements are made based on management's current beliefs and judgment, and the reader is cautioned not to rely on any forward-looking statements made by Regeneron. Regeneron does not undertake any obligation to update (publicly or otherwise) any forward-looking statement, including without limitation any financial projection or guidance, whether as a result of new information, future events, or otherwise.
Regeneron uses its media and investor relations website and social media outlets to publish important information about the Company, including information that may be deemed material to investors. Financial and other information about Regeneron is routinely posted and is accessible on Regeneron's media and investor relations website (http://newsroom.regeneron.com) and its Twitter feed (http://twitter.com/regeneron).
View original content:
SOURCE Regeneron Pharmaceuticals, Inc. | https://www.wibw.com/prnewswire/2022/05/21/evkeeza-evinacumab-phase-3-trial-demonstrates-48-ldl-c-reduction-children-with-ultra-rare-form-high-cholesterol/ | 2022-05-22T20:26:53Z |
NEW YORK, Sept. 14, 2022 /PRNewswire/ -- A Call to Men – a leading national violence prevention organization and respected leader on issues of male socialization and its intersection with violence – is commemorating its 20th Anniversary on September 16th, 2022. In honor of this organizational milestone, A Call to Men will host a breakfast at the Bryant Park Grill in New York City. Join them as they honor several change-makers creating positive impact in their communities.
"We are humbled to mark the 20th anniversary of A Call to Men," says A Call to Men's Chief Executive Officer, Tony Porter. "Twenty years ago, the vision was simply to host a conference, but the women in our communities had a bigger vision for us. With a debt of gratitude to those women, and many more along our journey, we have been able to provide this service internationally for the past 20 years."
"As a Black woman, being a part of A Call to Men's journey continues to solidify my belief in the hope and healing for all men and boys and, in turn, safety and equity for women, girls, and those at the margins," adds Danielle Nicholson, Chief Operating Officer at A Call to Men.
"As pioneers in this work, this anniversary has given us an opportunity to honor the advances we've made in promoting healthy, respectful masculinity and an opportunity to reflect on the work that still needs to be done to end violence against women and girls," shares Ted Bunch, Chief Development Officer of A Call to Men.
The organization will recognize seven honorees during their September 16th breakfast, including Arieana Jose, Joanne N. Smith, Jane Randel, the co-founder of NO MORE, Robbie Karp, Chad Henry, Juan Ramos, and Justin Baldoni – actor, filmmaker, and advocate for healthy manhood.
Special thanks to the sponsors: the National Basketball Association, New York Women's Foundation, National Football League, Harry's, Deloitte, Argo Group, Wayfarer Foundation, Major League Soccer, Women's Foundation of Minnesota, and the N.Y. Giants.
For more information about A Call to Men, tickets to the 20th anniversary, or to register for other upcoming events, please visit ACallToMen.Org.
About A Call to Men
A Call to Men is a non-profit organization working to transform society and end gender-based violence by promoting healthy, respectful manhood. Since 2002, A Call to Men has trained more than a million people and worked with organizations worldwide – including the National Football League, National Basketball Association, National Hockey League, Major League Baseball, Major League Soccer, and Fortune 500 companies.
View original content to download multimedia:
SOURCE A Call to Men | https://www.wibw.com/prnewswire/2022/09/14/remembering-yesterday-envisioning-tomorrow-call-men-commemorates-twenty-years-promoting-healthy-respectful-masculinity/ | 2022-09-14T19:34:28Z |
Funds are expected to liquidate in September 2022
NEW YORK, Aug. 12, 2022 /PRNewswire/ -- J.P. Morgan Asset Management today announced the upcoming liquidation and dissolution of two exchange-traded funds: JPMorgan U.S. Minimum Volatility ETF (JMIN), and JPMorgan U.S. Dividend ETF (JDIV) (collectively, the "Funds").
Shareholders of the Funds may sell their holdings of each Fund on NYSE Arca, Inc. ("NYSE Arca") until market close on the designated last day of trading (transaction fees from their broker-dealer may be incurred).
Shares of JMIN and JDIV will stop accepting creation orders from authorized participants after market close on September 6, 2022 and will be delisted ahead of market open on September 7, 2022.
Shareholders who continue to hold shares of either of the Funds on the Funds' designated aforementioned liquidation date will receive a liquidating distribution of cash in the cash portion of their brokerage accounts equal to the amount of the net asset value of their shares.
Shareholders who receive a liquidating distribution generally will recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares if shares are held in a taxable account, and such shareholders should consult their tax advisor about the potential tax consequences.
J.P. Morgan Asset Management, with assets under management of USD 2.5 trillion (as of June 30, 2022), is a global leader in investment management. J.P. Morgan Asset Management's investors include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $3.8 trillion in assets and $286.1 billion in stockholders' equity as of June 30, 2022. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers predominantly in the U.S. and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
J.P. Morgan ETFs are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. JPMorgan Distribution Services, Inc. is a member of FINRA. More information is available at https://am.jpmorgan.com/us/en/asset-management/gim/adv/products/etfs
Investors should carefully consider the investment objectives and risks as well as charges and expenses of the funds before investing. The summary and full prospectuses contain this and other information about the funds and should be read carefully before investing. Call 1-844-4JPM-ETF or visit www.jpmorganETFs.com to obtain a prospectus.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
View original content to download multimedia:
SOURCE J.P. Morgan Asset Management | https://www.mysuncoast.com/prnewswire/2022/08/12/jp-morgan-asset-management-announces-liquidation-two-exchange-traded-funds/ | 2022-08-12T14:39:45Z |
ST. PAUL, Minn., July 27, 2022 /PRNewswire/ -- Johnson // Becker, PLLC is a nationwide products liability law firm with experience representing victims of product liability injuries.
Johnson//Becker filed this Complaint on behalf of Priscilla Brown, a resident of Powder Springs, Georgia alleging that her Nutri Ninja blender caused injuries when its plastic container explosively separated from the base and spewed its hot contents onto her.
The Complaint alleges the explosion was the result of the blender pressurizing during use due to frictional energy created by rapidly rotating blades, which also causes a rise in temperature. Unsuspecting consumers have no way of knowing if the contents are at risk of exploding aside from handling the container cup, which immediately exposes them to a possible explosion. Nutri Ninja blenders are "unreasonably dangerous," according to the Complaint against manufacturer SharkNinja, and the company has failed to warn consumers of the risk of blenders overheating or exploding.
This suit is filed by Adam J. Kress of Johnson // Becker, PLLC. Adam exclusively handles injury cases, with an emphasis on national products liability litigation, including cases involving burn injuries from defective products.
Questions about a Nutri Ninja Blender Lawsuit? Contact a Johnson//Becker lawyer today for a free case review.
If you or a loved one has been injured by a defective Nutri Ninja blender, you may want to speak with the lawyers at Johnson//Becker. We are actively filing new product liability 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/practice-areas/product-liability/, https://www.johnsonbecker.com/product-liability/ninja-blender-lawsuit/ or contact Johnson // Becker directly at (800) 279-6386.
View original content to download multimedia:
SOURCE Johnson // Becker, PLLC | https://www.kxii.com/prnewswire/2022/07/28/georgia-woman-sues-after-nutri-ninja-blender-explosion/ | 2022-07-28T02:17:33Z |
The update empowers customers of Hireology Referrals, formerly EmployUs, to significantly speed up their hiring processes and fill open roles faster
CHICAGO, Sept. 8, 2022 /PRNewswire/ -- Hireology — the leading hiring and HR platform for decentralized hiring — announced today that its built-in employee referral management platform, Hireology Referrals, now integrates with more than 80 payroll and applicant tracking system (ATS) providers. With this release, Hireology Referrals customers can automatically sync employee data with their HR platforms of choice, allowing for a faster and more efficient hiring process.
Today's update eliminates the need for the manual transfer of job, candidate, and employee data, allowing existing Hireology Referrals users to keep records up-to-date in real time and giving new users the power to get set up and start driving referrals sooner. At a time of historic labor supply and demand imbalance, the ability to shave days or even hours off the hiring process can be the difference between filling open roles and losing top talent to competitors.
"Moving fast on top applicants is more important than ever today. But too often, cumbersome, disparate HR systems prevent businesses from moving at the speed necessary to stay fully staffed," said Adam Robinson, CEO of Hireology. "With today's update, Hireology Referrals customers will be able to significantly cut down on manual work, speed up their hiring processes, and build their best teams — fast."
With Hireology Referrals, HR teams can create and monitor a range of internal referral campaigns (including text, email, and QR codes), manage referral candidates, and keep track of referral bonus payouts — all from one intuitive platform. Among Hireology customers using the tool, employee referrals drive more new hires than any other applicant source. Since acquiring EmployUs in 2021, Hireology has grown the company's customer base by more than 3500% and helped some customers generate up to 50,000 referrals in a single year.
"At a time when talent supply is low and hiring is harder than it's been in decades, employee referrals are a critical source of applicants and new hires," Robinson said. "So no matter what ATS and payroll provider you use — whether it's Hireology, Netchex, or any number of other players out on the market — we want you to be able to take advantage of this robust software and execute an employee referral program that drives real ROI."
Hireology Referrals has always integrated directly with Hireology's leading applicant tracking system. But today's update expands the integration capabilities to many additional players in the space including UKG, ADP, Netchex, Paylocity, BambooHR, and many more. The integration is now available for free for all Hireology Referrals users. The full list of supported payroll and ATS providers along with additional Q&A about the update is available here.
ABOUT HIREOLOGY
Hireology is an all-in-one recruiting, hiring, and employee management platform that empowers decentralized businesses to build their best teams. The company equips HR and business leaders with the support and tools needed to manage the full employee lifecycle — from pre- to post-hire — in one seamless platform.
With focused expertise across several industries — including retail automotive, healthcare, professional and consumer services, and hospitality — more than 7,500 businesses rely on Hireology for their hiring, HR, and payroll needs, putting people at the center of their organizations. For more information, visit www.hireology.com.
Contact:
Meredith Touhy
hireology@edelman.com
View original content to download multimedia:
SOURCE Hireology | https://www.wibw.com/prnewswire/2022/09/08/hireology-referrals-now-directly-integrates-with-80-payroll-ats-providers/ | 2022-09-08T17:08:31Z |
The rare city-block development is one of the largest projects under construction in South Florida and will deliver market defining residential, office, event and wellness spaces, and a world-class Treehouse hotel
MIAMI, June 14, 2022 /PRNewswire/ -- JDS Development Group (JDS) announced today that it has secured $86,000,000 in acquisition and construction financing from Maxim Capital Group for 1 Southside Park, the transformative full city-block development in Miami, Florida in the highly desired Brickell neighborhood. Imagined by JDS Development Group, working with a world-class design team of SHoP Architects, hotel interior design by Rockwell Group, landscaping by James Corner Field Operations, and residential interiors by Krista Ninivaggi of Woods Baggot, the 64-story, mixed-use project will deliver 1,175 residential rental units, 190,000 square feet of premier office space, a 200-key Treehouse Hotel, 10,000 square feet of retail space, and 1,400 parking spaces.
The financing was provided by Maxim Capital Group and was arranged by Walker & Dunlop's Aaron Appel, Keith Kurland, Jonathan Schwartz, and Adam Schwartz, as well as Michael Diaz, Sean Reimer, Mo Beler, and Sean Bastian. The team replaced the existing land acquisition loan with a bridge construction loan at a lower rate and higher proceeds on behalf of JDS. The project is completing its foundation work with deep soil mixing operations and the two-level basement complete. The deal indicates conviction in the development team, the high-design product by SHoP Architects and the strength of the Brickell market.
"1 Southside Park's thoughtful, dynamic design serves as an exemplar for how we can design and develop in dense urban centers," said Michael Stern, Founder and CEO of JDS Development Group. "We look forward to going vertical in the near future for this multifaceted project."
"We are excited to help Michael Stern and the JDS team continue the development of 1 South Side Park. It is an exciting project and one that will be transformational to the area," stated Adam Glick, Founder and Managing Partner of Maxim Capital Group.
"We are pleased to have arranged another strong financing package for JDS, one of the best development firms in the nation," stated Aaron Appel of Walker & Dunlop. "Maxim is a reliable, transparent, and trustworthy lender, and 1 Southside Park will be transformative to the Brickell neighborhood at a key time for the growth of the city."
1 Southside Park will introduce a new kind of thoughtful and imaginative urban experience to Miami, a destination for residents seeking long and short-term rental options, for travelers seeking a local hangout, for workers seeking a fully amenitized offering, and for locals and residents alike seeking the best in health and wellness services. The project will include the first Treehouse hotel in the United States, with multiple food and beverage outlets, and vibrant public arenas. As part of the Brickell Rapid Transit Zone, the project will enhance access to public transportation, provide direct connection to the Underline's Brickell Backyard, revive and reinvigorate Southside Park.
The SHoP designed tower is envisioned as a series of stacked and shifted volumes that purposefully breakdown its scale. Each level is carefully designed to create both form and function for the multi-use structure: residential, hotel, microunits, office, and wellness. At the center of the building's ground floor is a pedestrian paseo that consciously connects pedestrians from SW 2 Avenue to Southside Park. The paseo is framed by the new ground floor lobbies and café space.
These tiers are most openly expressed at the health program levels, which will offer world-class programming on a membership basis. The proposed design achieves a seamless transition from the Southside Park greenspace to the urban environment of the Brickell area. The distinctive architecture of interconnected indoor and outdoor spaces and planted terraces and edges provide a lush vertical backdrop and visual connection to Southside Park. The project will employ many strategies across all components in pursuit of the Florida Green Building Coalition's high-rise certification. Energy-efficient attributes include, but are not limited to, efficient fixtures, smart technology, local materials, water re-use, and extensive landscaping.
Southside Park is the heart and inspiration of the proposed design for 1 Southside Park. A beloved neighborhood gathering place, the park's proposed design adds an enclosed dog run with dedicated spaces for small and large dogs, seating areas, water features, opportunities for public art, playgrounds for different age groups, a new basketball court, and space for active programming such as movie nights and community sports events. The historic schoolhouse will be highlighted as a resource for the park and the neighborhood. This programming is "nestled within the canopy of majestic ficus trees and lush tropical gardens, inspired by its South Florida setting," says Isabel Castilla, Principal-in-Charge of the project for James Corner Field Operations, a leading-edge urban design, landscape architecture and public realm practice. The firm is renowned for strong contemporary design across a variety of high-profile project types and scales with a special commitment to the design of vibrant and dynamic public realms, informed by the interactive ecology between people and nature. The proposed design preserves the beautiful, mature trees and expands the existing canopy with new trees, while providing enhanced and deliberate direct access to the Brickell Backyard, a corridor of green and active public spaces. The entirety of the block is conceived as a harmonious pedestrian and public realm with an integrated design and material palette. "One of the things Brickell is missing is an iconic park — NYC has Central Park, Chicago has Millennium Park — these are experiential spaces that help define cities," says Stern. "These spaces offer moments of tranquility to complement the hustle and bustle of the surrounding cityscape. As it stands today, Southside Park is an oasis within the Brickell area. Through our public-private partnership with the City of Miami, we will be making significant improvements which will elevate it — along with the adjacent Underline — to the world-class status the Brickell area deserves."
1 Southside Park represents the fourth large-scale project between JDS and SHoP Architects. Other JDS and SHoP projects include the recently completed supertall 111 West 57th Street in Manhattan, where closings have commenced on the ultra-luxury Central Park facing condominiums; Brooklyn's first supertall nearing completion, The Brooklyn Tower, a mixed-use project of condominiums and rental apartments with retail in its base and the historic Dime Savings Bank of Brooklyn; and The American Copper Buildings on Manhattan's East River, a pair of copper-clad "dancing" towers with a skybridge and 760 luxury rental apartments, which JDS sold earlier this year for $850 million dollars.
JDS has long been active in the South Florida market, achieving record sales for Echo Brickell, Echo Aventura, and Monad Terrace by Ateliers Jean Nouvel. In the fall of 2021, JDS announced the supertall MAJOR. at 888 Brickell Avenue, a condo-hotel project with the hospitality powerhouse Major Food Group. 888 Brickell will include 249 condos, multiple MFG restaurants on property, and a signature club. The project is in a VIP sales period now with more announcements expected this fall.
Link to high-res images: https://jdsdevelopment.egnyte.com/fl/VIHLLTIzDU
JDS Development Group is a team of innovators and builders pioneering progressive new forms of large-scale urban development that challenge the status quo of the real estate industry. Founded in 2002 and headquartered in New York and Miami, JDS is a national firm focused on acquisition, development, and construction, recognized for its architecturally significant mixed-use projects that respond to each community and push the boundaries of engineering and design. JDS projects include The Brooklyn Tower, 111 West 57th Street, The American Copper Buildings, Walker Tower, Monad Terrace, 1 Southside Park, Echo Brickell, MAJOR and other award-winning collaborations with the world's top architects and designers.
For more information, visit: https://jdsdevelopment.com
Instagram: @jdsdevelopmentgroup
Walker & Dunlop, headquartered in Bethesda, Maryland, is one of the largest commercial real estate finance companies in the United States. The company provides a comprehensive range of capital solutions for all commercial real estate asset classes, as well as investment sales brokerage services to owners of multifamily properties. Walker & Dunlop is included on the S&P SmallCap 600 Index and was ranked as one of FORTUNE Magazine's Fastest Growing Companies in 2014, 2017, and 2018. Walker & Dunlop's 950+ professionals in 41 offices across the nation have an unyielding commitment to client satisfaction.
SHoP Architects is a New York-based design and planning firm with major projects completed or underway on five continents. SHoP sets itself apart from its peers with a high-performance approach to architecture that forefronts the activation of dynamic public spaces, the use of technology to imaginatively reinterpret authentic building materials, a results-driven approach to sustainability and an emphasis on the research and deployment of next-generation methods of project delivery. Notable SHoP projects include Brooklyn's Barclays Center arena, the new Uber Headquarters in San Francisco, the recently opened Collins Arch complex in Melbourne, Fulbright University Vietnam, Codrico Tower Rotterdam, multiple diplomatic facilities for the U.S. Department of State, the award-winning Midtown Center in Washington, D.C., and the peerless residential tower now nearing completion at 111 West 57th Street in Manhattan. The diverse and trend-setting work of the firm has been widely celebrated with a variety of honors, among them the Design Miami Visionary Award, the National Academy Distinguished Achievement Award and the Smithsonian Institute's National Design Award for Architecture. In 2014 Fast Company named SHoP the most innovative architecture firm in the world.
Based in New York with offices in Los Angeles and Madrid, Rockwell Group is an interdisciplinary architecture and design firm that emphasizes innovation and thought leadership in every project. Founded by David Rockwell, FAIA, and led by David and partners Shawn Sullivan and Greg Keffer, the 250-person firm merges performance and architecture to create extraordinary experiences and built environments across the globe. Inspired by theater, technology, and high-end craft, the firm creates a unique narrative for each project, ranging from restaurants, hotels, cultural and educational institutions, airport terminals, to festivals, museum exhibitions, and Broadway sets. Projects include 1 Hotel Toronto; Nobu hotels and restaurants worldwide; W Hotels worldwide; The Perelman, a new arts center in New York (Restaurant and Lobby Interior Architect); the Smithsonian FUTURES exhibition; and Hopkins Student Center for John Hopkins University (Baltimore). David Rockwell's newest book, DRAMA, will be published by Phaidon in the Spring. Honors and recognition include the 2016 Tony Award for Best Scenic Design for She Loves Me; the AIANY President's Award; the Cooper Hewitt National Design Award; and the Presidential Design Award.
James Corner Field Operations is a leading-edge landscape architecture and urban design practice with offices in New York, San Francisco and Philadelphia. The practice is renowned for strong contemporary design across a variety of project types and scales, from large urban districts and complex post-industrial sites, to small well-crafted, detailed design projects. In all of the work, there is a deep commitment to the design of a vibrant and dynamic public realm that integrates ecology, program and people. Major projects in the portfolio include the design of the High Line in New York City; Tongva Park and Ken Genser Square in Santa Monica; Chicago's newly redesigned Navy Pier and Polk Bros. Park; Domino Park in Brooklyn; Cleveland's Public Square; The Underline in Miami; Seattle's Central Waterfront; Miami Beach's Lincoln Road; New York's Cornell Tech Campus in Roosevelt Island and Freshkills Park in Staten Island; Newark's Riverfront Park, the Presidio Master Plan and Tunnel Tops and Rebuild by Design's Bay Area Challenge in San Francisco; London's South Park Plaza at Queen Elizabeth Olympic Park; Memphis' Shelby Farms Park; Shanghai's Taopu Central Park; and Hong Kong's Tsim Sha Tsui Waterfront.
Krista Ninivaggi, Principal and Interior Design Leader of Woods Bagot New York, has more than twenty years of experience tailoring interiors for projects worldwide. In 2014, Ninivaggi founded her eponymous firm K&CO in lower Manhattan. The boutique firm focused on commercial interiors, with particular attention paid to hospitality, multifamily residential, and workplace interiors. Today, she continues her expertise in these typologies at Woods Bagot, serving as a visual thought leader for a range of forward-thinking clients. She and her team specialize in bespoke interiors that work in concert with the surrounding architecture and infuse abstract conceptual ideas into programming, material selection, and furniture design. Whether in new or existing structures, the team strives to create immersive environments that satisfy the senses, layering tactical and visual experiences for richer and more diverse spaces.
Woods Bagot spans design, research, data, and performance to create People Architecture. We place human experience at the center of our design process to deliver engaging, future-oriented projects that respond to the way people actually use space. Woods Bagot continually expands and challenges the expectations of a multi-disciplinary architectural practice in today's digital age. The firm's global portfolio is defined by its clarity of narrative, sensitivity to urban and regional context, and ecological and social sustainability. To learn more about our work, visit woodsbagot.com and follow @woodsbagot.
MEDIA CONTACT
press@jdsdevelopment.com
View original content to download multimedia:
SOURCE JDS Development Group | https://www.mysuncoast.com/prnewswire/2022/06/14/jds-development-group-secures-86-million-financing-1-southside-park-64-story-mixed-use-development-brickell-miami/ | 2022-06-14T18:06:37Z |
HOHHOT, China, June 21, 2022 /PRNewswire/ -- From June 14-16, the 15th Global Dairy Congress was hosted in Laval, France. Dr. Zhanyou Yun, Assistant President of Yili Group, attended the "Innovation for the Future" session, delivering a keynote speech with the theme "Create Value through Innovation". Dr. Gerrit Smit, Managing Director of Yili Innovation Center Europe, attended the roundtable discussion.
The World Dairy Innovation Awards was held simultaneously with the Congress. Leveraging strategic synergies and resource integration, Yili Group and its subsidiary Ausnutria topped the tally with six awards, covering segments of packaging design, infant nutrition, intolerance-friendly dairy products, ice cream, cheese and dairy snacks.
One of the judges commented, "Yili have their finger on the pulse when it comes to identifying gaps in the market and creating brilliant innovative products that both taste and look great while simultaneously serving a purpose."
Dr. Yun explained how Yili has focused on building a globally integrated innovation network, which helped the company win worldwide recognition. "Integrating talent and intelligence resources, we have currently set up a total of 15 innovation centers scattered around the world, and a 'global intelligence chain' has now been established."
Developing health products through consumer-centric innovation
"Guided by our New Vision for Value Creation, Yili pursues development as an innovation-driven company. We are dedicated to launching health products to meet the full life-cycle, all-scenario needs among all types of consumers," said Dr. Yun.
For consumers to freely enjoy cheese without storage limitations, Yili developed the "Best Cheese" winner -- the ambient cheese lollipop, which is rich in nutrition and can be safely stored at room temperature. Revisiting traditional Chinese aesthetics, the Xujinhuan 3D Fresh Milk Ice Cream has been designed into the elegant shape of a Chinese fan, featuring traditional painting carved on the surface. Developed with global high-quality milk and ingredients, the beautiful look is also accompanied by good flavor and nutrition. For middle-aged and the elderly men, a group more focused on bone health and physical fitness, the Shuhua Lactose -- Free Milk for Dad includes 50% more natural calcium, vitamin D and taurine. Applying Yili's patented technology of LHT lactose hydrolysis, the product also addresses the problem of lactose intolerance that is common among Asian consumers.
At the Congress, Dr. Yun also shared the company's progress in building a "Dairy Silicon Valley". In June, four key projects of Yili's Future Intelligence and Healthy Valley will be put into operation in Hohhot, Inner Mongolia Autonomous Region, including a liquid milk production base, a milk powder production base, the Chilechuan Ecological Smart Farm, and the Yili Intelligent Manufacturing Experience Center.
Commitment to building a net-zero carbon future
Talking about dairy's role in addressing climate change, Dr. Yun said, "Embracing the tide of sustainable development across the globe, Yili has rolled out net-zero carbon products and factories, issued the Roadmap to a Net-Zero Carbon Future, and joined hands with our partners throughout the industrial chain to build a net-zero carbon future."
In April, Yili took the lead in China's food industry to launch time-bound targets on carbon reduction, aiming to realize industrial chain-wide carbon neutrality before 2050.
On June 5, Yili also introduced the packaging featuring "no printing, less ink". Applying the technology of ink reduction printing, the packaging is able to save ink consumption by 60%. The outer carton is 80% made up of recycled paper. By upgrading into paper handles, every 100,000 outer cartons will reduce plastic usage equating to 260 kg.
Image Attachments Links:
Link: http://asianetnews.net/view-attachment?attach-id=423776
Caption: Yili won six world dairy innovation awards.
View original content:
SOURCE Yili Group | https://www.mysuncoast.com/prnewswire/2022/06/22/winner-six-awards-yili-further-elevated-its-profile-world-leading-innovator/ | 2022-06-22T04:39:42Z |
8-year-old shot during possible road rage incident, police say
AMARILLO, Texas (KFDA/Gray News) – An 8-year-old boy was taken to the hospital in serious condition after being shot during a road rage incident, according to the Amarillo Police Department.
KFDA reports officers drove up on what appeared to be an accident right as it occurred Friday night.
As they got out of the car, the driver of a truck told the officers his son, Nicasio “Nicco” Frausto, had been shot by another driver who had chased him down and forced him off the road.
The driver accused of the shooting was taken to an area hospital for treatment before being charged with aggravated assault with a deadly weapon.
The other people involved in the crash were treated at the scene.
“I just wouldn’t know what to say. I’m still in shock,” said Eric Frausto, Nicco’s father. “I just really would like these gun laws to change. Too many innocent babies are getting hurt or killed.”
Frausto said Nicco’s surgery in Lubbock went well.
Copyright 2022 KFDA via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/06/14/8-year-old-shot-during-possible-road-rage-incident-police-say/ | 2022-06-14T16:32:03Z |
Regarded as the gold standard in the field of cross-border employment, the global recruitment platform teamed up with a consortium of Canadian companies and Starlight Investments, to help Ukrainian refugees obtain protected status under the CUAET program and find jobs and housing.
MIAMI, July 15, 2022 /PRNewswire/ -- Joblio Inc has today announced that it has successfully secured jobs for the first group of Ukrainian refugees resettled in Canada. The ethical recruitment platform is regarded as the gold standard in the field of cross-border employment and teamed up with Canadian companies to help the refugees find employment in across Canada.
Since the beginning of the Russian invasion, Joblio has helped Ukrainian refugees fleeing the horrendous conflict to find employment in Germany, Romania, Poland, and the USA. Jon Purizhansky, CEO and co-founder of Joblio Inc, has reiterated the company's commitment to assisting refugees from Ukraine and insists that it will continue to channel its resources to facilitate their rapid introduction into safer countries.
"Our focus at Joblio is to revolutionize migrant assimilation by offering continuous support to help them face unexpected challenges." - Jon Purizhansky.
Joblio Inc. efficiently handled all aspects of their job hunting process - from the preparation and execution of documents to resume development, search for sponsors, organization of meetings, and search for housing.
To ease the difficult affair of relocation, Starlight Investments came forward to provide accommodations for resettled refugees, with flexible terms to allow them to build stability without worrying about immediate bills. Founded in 2011, the North American Real Estate firm manages assets on behalf of publicly listed, institutional, and private investors and has reaffirmed its commitment to creating sustainable and modern living spaces where people want to live, work, shop, and play.
"Our hearts and thoughts are with the people of Ukraine, and we will continue to do all we can to support and help them get through these trying times. We understand the challenges of a sudden move abroad and are working together to be as flexible as possible."
– Simone Webb, Starlight Executive Director of National Leasing, Starlight Investments.
Founded by Jon Purizhansky and chaired by the former president of the Manpower Group David Arkless, Joblio operates more efficient recruitment, training, and retraining process for cross-border employment. The company's proprietary Applicant Concierge Experience (ACE) program is focused on pre-departure and post-arrival community management, helping international job seekers to begin acclimating to their new homes even before they leave their countries of origin.
Differentiated from the non-transparent and inefficient practices of the current global migrant labor market, Joblio's accessible global platform removes the unethical middlemen from the process, freeing up more economic value for both employers and laborers. Its streamlined and transparent hiring process results in faster applicant processing, higher employee satisfaction, and lower employee attrition.
To learn more about the revolutionary practices of the leading recruitment company please reach out to Joblio via the contact info below.
Media Contacts:
Starlight Investments
Attn: Talia Shwebel
Director of Marketing, Starlight Investments
tschwebel@starlightinvest.com
www.starlightinvest.com
www.linkedin.com/company/starlight-investments-ltd-
Starlight Investments is a privately held Toronto-based, full service, multi-family and commercial real estate investment and asset management company driven by an experienced team of over 300 professionals. The company currently manages over $25.0 billion of direct real estate as well as real estate investment securities. Investment vehicles include institutional joint ventures, True North Commercial REIT, Starlight U.S. Multi-Family Funds, the Northview Fund and Starlight Capital Funds. Starlight Investment's portfolio consists of approximately 73,000 multi-residential units across Canada and the U.S. and over 8.0 million square feet of commercial properties.
View original content to download multimedia:
SOURCE Joblio | https://www.kxii.com/prnewswire/2022/07/15/ukrainian-refugees-find-employment-ontario-canada-through-joblio-platform/ | 2022-07-15T13:50:59Z |
58,000 sq. ft. Center for Dance will house rehearsal studios, administrative offices, and performance and communal spaces, expanding company's community presence and impact
PHILADELPHIA, Aug. 19, 2022 /PRNewswire/ -- Philadelphia Ballet is pleased to announce that it will soon break ground on an expansion that will complete its home, the Philadelphia Ballet Center for Dance. Expanding dramatically on the company's current footprint of the Louise Reed Center for Dance on North Broad Street, the five-story Center for Dance will feature new rehearsal studios, performance spaces, administrative offices, community gathering areas, and state-of-the-art capabilities for dance training, community education, programming, and events.
Groundbreaking on the transformative renovation and expansion will take place in late September 2022, with the project scheduled for completion in the spring of 2024.
"Philadelphia Ballet is a company deeply committed to excellence in our art form, and to engaging with our community through the transformative power of dance," said Shelly Power, the Dr. Carolyn Newsom Executive Director. "From state-of-the-art rehearsal studios, to added resources for community education and programming, to beautiful, welcoming spaces open to all, this new company home will allow us to expand on those commitments in innumerable ways. We are thrilled to embark on this journey."
The new and expanded Center for Dance represents the first phase of an unprecedented campaign to foster the continued growth, vitality, and artistry of Philadelphia Ballet. Additional campaign elements will be announced in the coming months.
"It is a complete joy to announce our plans for this bold, exciting new chapter for Philadelphia Ballet, as we look ahead to the 60th anniversary of our company's founding by Barbara Weisberger," said Angel Corella, the Ruth & A. Morris Williams, Jr. Artistic Director. "This world-class Center for Dance is a true reflection of Philadelphia Ballet's status as one of the nation's leading ballet companies, and will significantly increase the organization's ability to support our artists, train and nurture ballet's next generation of performers, and serve our diverse community in Philadelphia and beyond."
Designed by Philadelphia-based Varenhorst Architects, Philadelphia Ballet's new five-story home will add approximately 43,000 sq. ft. to the company's current space at the Louise Reed Center for Dance on North Broad Street.
"With the dynamic new Center for Dance, our company will now have the world-class facilities and resources to match the world-class artistry and skill our audiences have come to expect from Philadelphia Ballet," said Jonathan Stavin, Board Vice Chair and Chair of the Ballet's Building and Facilities committee. "As a hub for education and community engagement, this new space will also allow us to further our civic ambitions and deepen our impact for generations to come."
Among the many elements of this major building project are:
- A full renovation of the company's current footprint, the Louise Reed Center for Dance, including its three and a half rehearsal studios, and the addition of three new studios. These additions will provide significantly expanded space and resources for both the company and the School of Philadelphia Ballet
- A large-scale black box rehearsal, performance, and innovation space, providing enhanced rehearsal capabilities and a venue for community programs and events
- The addition of a large, dynamic community gathering space within the building's entrance, for community events, educational programming, receptions, and other events
- New offices for artistic and administrative staff, including a dedicated studio space for use by members of the Philadelphia Ballet Orchestra
- A dramatic top-story, glass-walled studio for the professional company, allowing passersby on North Broad Street to glimpse the artistic process of Philadelphia Ballet
- A new wellness center for dancer treatment and rehabilitation, and other state-of-the-art amenities
"Years in the planning, the unveiling of this next step for Philadelphia Ballet is a landmark moment in the company's history," said David F. Hoffman, Board Chair. "As we invest in the future of our organization, we also invest in the future of Philadelphia, and reaffirm our commitment to serving the vibrant and diverse communities of our city."
Further details on the forthcoming Philadelphia Ballet Center for Dance are available at philadelphiaballet.org.
About Philadelphia Ballet
Founded in 1963 by Barbara Weisberger, a protégé of George Balanchine, Philadelphia Ballet is one of the nation's premier ballet companies and a true cultural treasure of Philadelphia. Furthering a nearly sixty-year artistic lineage in Philadelphia, The Ruth & A. Morris Williams, Jr. Artistic Director Angel Corella leads an ensemble of 45 dancers from around the world and an ever-evolving repertoire of classic and contemporary works. The Dr. Carolyn Newsom Executive Director Shelly Power spearheads development and strategic plans to strengthen and expand the company's presence and impact locally, nationally, and internationally. Recognized as one of the top ten ballet companies in the United States, Philadelphia Ballet's 30-member Board of Trustees is led by local business leader and philanthropist David F. Hoffman. In addition to its performances on the Kimmel Center Cultural Campus, Philadelphia Ballet serves more than 30,000 individuals across the region every year with hands-on arts education and engagement activities brought to children and adults alike regardless of ability or socioeconomic background. The School of Philadelphia Ballet offers the highest caliber dance education of any program in the Greater Philadelphia area. For more, visit philadelphiaballet.org or connect with us on Twitter, Facebook, Instagram, and YouTube.
Philadelphia Ballet is supported in part by a grant from the Commonwealth of Pennsylvania, Department of Community & Economic Development and receives support from The Philadelphia Cultural Fund and the Pennsylvania Council on the Arts, a state agency funded by the Commonwealth of Pennsylvania.
View original content to download multimedia:
SOURCE Philadelphia Ballet | https://www.kxii.com/prnewswire/2022/08/19/philadelphia-ballet-unveils-plans-an-expanded-home-north-broad-street/ | 2022-08-19T13:46:08Z |
-According to new research, 69% of Americans say pain or muscle fatigue has affected their ability to exercise-
STERLING, Ill., Sept. 8, 2022 /PRNewswire/ -- We've all been there, taking that first step toward a regular workout regimen. And while our intentions start out strong, nearly 70% of us will abandon the effort. In fact, pain or muscle fatigue is the most common reason for stopping a fitness routine according to new research commissioned by therapeutic at-home massager manufacturer Wahl. So, in honor of September being National Pain Awareness Month the company is offering solutions for people struggling to maintain their fitness goals.
Sixty nine percent of people report that pain or muscle fatigue has affected their ability to exercise, and beyond working out, more than half say that pain has negatively affected their overall quality of life. While research found that most people are reaching for medications to treat their pain, Wahl wants them to know that at-home massage tools are an effective, convenient and affordable pain-relief option as well.
Massage therapy relieves muscle tension by enhancing blood flow, which causes muscles to relax. In addition to relieving tension, massage can help reduce pain, decrease swelling and improve blood circulation to promote the healing of soft-tissue damage and muscle fatigue. These benefits can be achieved with a hand-held massager; for example, the Wahl Cordless Percussion Massager uses high-penetration massage to attack muscle tension below the surface and can treat large muscle groups or pin-pointed problem areas through a combination of interchangeable heads and variable intensity control. One of the biggest advantages of incorporating at-home massage into your daily routine is that it can help you maintain your fitness goals long-term.
Another option to help you maintain a fitness routine is the Wahl 'Fall into Fitness' Sweepstakes. The purpose of this social media effort is to inspire and motivate individuals to set – and achieve – a fitness goal. The sweepstakes encourages health and wellness by awarding three lucky winners with a Wahl Cordless Percussion Massager, a branded workout towel and water bottle, and one year of gym membership fees, valued at $1,500. To enter, visit bit.ly/WahlFallIntoFitness by Sept. 30, 2022, and submit your contact information, a personal fitness goal and follow Wahl Wellness on Instagram.
To learn more about pain management tips and tools visit WahlUSA.com or follow @WahlWellness on Instagram and Facebook.
The foregoing is not intended to replace any guidance from your own treating physician.
About Wahl Home Products
Wahl Home Products is a division of Wahl Clipper Corporation, based in Sterling, Ill. For more than 100 years, the company has remained a trusted name and industry leader, manufacturing products for consumer personal care, animal grooming and professional beauty and barber salon trade. For more information, visit WahlUSA.com.
Editor's Note: The methodology of the research involved an online survey conducted within the United States by Hoffman York on behalf of Wahl Clipper Corporation from Aug. 12-15, 2022. Survey results based on responses from 1,002 adults ranging in age from 18 to 64 years old, and a nearly equal mix of men and women.
Download Product Images and Video: https://cloud.hoffmanyork.com/portal/s/0125205170802043815262
View original content to download multimedia:
SOURCE Wahl | https://www.wibw.com/prnewswire/2022/09/08/pain-is-number-one-reason-abandoned-fitness-goals-wahl-offers-solutions-this-obstacle/ | 2022-09-08T15:42:20Z |
Workers will flood the streets to call on the Board to #StaffUpContraCosta and invest in the vital services our County depends on
MARTINEZ, Calif., April 25, 2022 /PRNewswire/ -- County workers are urging the Board of Supervisors to address Contra Costa's staffing crisis, as hundreds of workers plan to march to the Board of Supervisors on April 26, during the regularly scheduled Board meeting. The march will include workers who staff our public hospital, clinics, COVID test sites, as well as workers who maintain our streets, safeguard our environment, and keep our libraries and courts open. A rally outside of the County Administration Building will feature speeches from frontline and essential workers, as well as a speech by Lorena Gonzalez, former State Assemblywoman (San Diego) and the incoming Secretary-Treasurer of the California Labor Federation.
What: "Staff Up Contra Costa!" March & Rally
When: Tuesday, April 26, 2022
- March begins at 11:30am
- Rally begins at 12pm
Where: Departing from 1 Ferry St., Martinez and marching to 1024 Escobar St., Martinez.
Who: Lorena Gonzalez, Contra Costa County Employees, and community allies. Unions include: SEIU Local 1021, IFPTE Local 21, Deputy District Attorneys Association, Western Council of Engineers, AFSCME Local 1, AFSCME Local 512, AFSCME Local 2700, Contra Costa Defender Association, and Teamsters 856, Contra Costa County Labor Council. The nine unions rallying together represent 6,200 county employees, and more than 2/3 of the county's total workforce.
Visuals: Hundreds of union members in union t-shirts and apparel with banners and signs, people giving speeches, marching and chanting, and spokespeople available for interviews.
BACKGROUND
In Contra Costa County, there are nearly 2,000 county job positions unfilled. With 1116 unfilled positions, the majority of vacancies are in the Health Services department. One of the departments hardest hit by vacancies is also tasked with addressing some of our county's most pressing challenges during the COVID-19 pandemic. Vacancies have an undeniable impact on the quality and speedy delivery of services from County departments. For further background, see StaffUpContraCosta.org
"We see in many cases, in the public sector in particular, individuals have one job but they're actually doing the job of two or multiple people," said Lorena Gonzalez, former CA Assemblywoman (San Diego) and incoming Secretary-Treasurer of the California Labor Federation. "One person's job should not be the job of two people and that's what we're seeing throughout Contra Costa County. Rather than being adequately staffed in public services in emergency situations, the government contracted work out that could've and should've been done by public sector workers had leaders built a workforce that could sustain tough times like a pandemic."
The Contra Costa Labor Council is the local body of the AFL-CIO. Over 85 unions are affiliated with the CCLC, representing more than 80,000 union members and their families. The mission of the Contra Costa Labor Council is to improve the lives of workers, their families, and our community – to bring economic justice to the workplace and social justice to the nation.
View original content:
SOURCE IFPTE Local 21; SEIU 1021 | https://www.wibw.com/prnewswire/2022/04/25/hundreds-county-workers-plan-march-board-supervisors-protest-short-staffed-public-services/ | 2022-04-25T21:17:40Z |
FAIRPORT, N.Y., July 13, 2022 /PRNewswire/ -- Manning & Napier, Inc. (NYSE: MN), ("Manning & Napier" or "the Company") today announced that it expects to release its second quarter 2022 financial results the week of August 8th, 2022, in conjunction with its related 10-Q filing. In light of the previously announced definitive agreement to be acquired by Callodine Group, the Company will not host a conference call to discuss second quarter 2022 financial results.
Assets Under Management
The Company also announced that preliminary June 30, 2022 assets under management ("AUM") were $18.5 billion, which included approximately $13.3 billion in separately managed accounts and approximately $5.2 billion in mutual funds and collective investment trusts.
About Manning & Napier, Inc.
Manning & Napier (NYSE: MN) provides a broad range of investment solutions through separately managed accounts, mutual funds, and collective investment trust funds, as well as a variety of consultative services that complement our investment process. Founded in 1970, we offer equity, fixed income and alternative strategies, as well as a range of blended asset portfolios, including life cycle funds. We serve a diversified client base of high-net-worth individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans, endowments and foundations. For many of these clients, our relationship goes beyond investment management and includes customized solutions that address key issues and solve client-specific problems. We are headquartered in Fairport, NY and had 275 employees as of March 31, 2022.
Safe Harbor Statement
This press release and other statements that the Company may make may contain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the Company's current views with respect to, among other things, its operations and financial performance. Words like "believes," "expects," "may," "estimates," "will," "should," "intends," "plans," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, are used to identify forward-looking statements, although not all forward-looking statements contain these words. Although the Company believes that it is basing its expectations and beliefs on reasonable assumptions within the bounds of what it currently knows about its business and operations, there can be no assurance that its actual results will not differ materially from what the Company expects or believes. Some of the factors that could cause the Company's actual results to differ from its expectations or beliefs include, without limitation: the delay in or failure to consummate the proposed transaction with Callodine Group; changes in our business related to the proposed transaction with Collodine Group; changes in securities or financial markets or general economic conditions, including as a result of the COVID-19 pandemic or political instability and uncertainty, such as the Russian invasion of Ukraine; inflation; changes in interest rates; a decline in the performance of the Company's products; client sales and redemption activity; any loss of an executive officer or key personnel; the Company's ability to successfully deploy new technology platforms and upgrades; changes of government policy or regulations; and other risks discussed from time to time in the Company's filings with the Securities and Exchange Commission.
Investor Relations Contact
Emily Blum
Prosek Partners
973-464-5240
eblum@prosek.com
Public Relations Contact
Nicole Kingsley Brunner
Manning & Napier, Inc.
585-325-6880
nbrunner@manning-napier.com
View original content:
SOURCE Manning & Napier, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/13/manning-amp-napier-inc-report-second-quarter-results-announces-june-30-2022-assets-under-management/ | 2022-07-13T20:39:55Z |
The United States is out of the Covid-19 pandemic phase, said Dr. Anthony Fauci, President Joe Biden's chief medical adviser and the director of the National Institute of Allergy and Infectious Diseases.
"We are certainly, right now, in this country, out of the pandemic phase," Fauci said on PBS NewsHour Tuesday.
"Namely, we don't have 900,000 new infections a day and tens and tens and tens of thousands of hospitalizations and thousands of deaths. We are at a low level right now. So, if you're saying are we out of the pandemic phase in this country? We are," he said.
Covid-19 cases in the US have tumbled dramatically over the past couple of months as the Omicron wave receded.
But daily cases are still two times higher than they were for most of last summer.
New cases are ticking back up in most states, and hospitalizations have started to rise over the past week too.
Fewer people are dying of Covid-19 now than during most of the pandemic, but with more than 400 deaths a day, the past two months of Covid-19 have been more deadly than most recent flu seasons.
Fauci said that while coronavirus won't be eradicated, the level of virus in society could be kept very low if people are intermittently vaccinated, possibly every year.
Currently, local health officials on the ground across the US are still working to get more people fully vaccinated and boosted against Covid-19.
The Covid-19 situation in the United States also doesn't necessarily reflect what's happening in the rest of the world, Fauci noted.
"Pandemic means a widespread, throughout the world infection that spreads rapidly among people," Fauci said. "So, if you look at the global situation, there is no doubt this pandemic is still ongoing."
Shifting out of the pandemic is not language that Lori Tremmel Freeman, chief executive officer of the National Association of County and City Health Officials, has heard in conversations within local health departments, she said on Wednesday.
But there has been a subtle shift on the ground with local health officials now returning some focus to non-Covid areas, such as maternal health, childhood immunizations, tuberculosis, HIV and other public health concerns.
"I think there are subtle shifts being made at the local level health departments to normalize the pandemic response in a way that allows them to get back to the core work of their public health departments," Freeman said. "But those words that were used about the pandemic ending are not well circulated in the public health area right now."
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/features/health/the-us-is-out-of-the-covid-19-pandemic-phase-fauci-says/article_65a7b53f-feba-565d-8851-9b7d362785c3.html | 2022-04-27T15:43:30Z |
Oosterdam to sail a full season of Mediterranean cruises before heading to South America
SEATTLE, May 8, 2022 /PRNewswire/ -- Holland America Line welcomed its ninth ship back into service Sunday, May 8, as Oosterdam embarked guests in Trieste (Venice), Italy, for the first time since the industrywide pause began in 2020 due to the COVID-19 pandemic. The ship departed on a 12-day "Holy Lands and Ancient Kingdoms" cruise that includes an overnight at Haifa, Israel, and additional ports in Israel and Greece.
To commemorate the occasion, Holland America Line held a ribbon-cutting ceremony in the terminal to open embarkation, attended by the ship's captain and senior officers, with flag-waving fanfare from team members lined up to greet guests as they boarded the ship.
"Our teams work incredibly hard getting the ships ready for a return to service, and the smiles when they see our guests walking up the gangway that first time are so heartfelt and sincere," said Gus Antorcha, president of Holland America Line. "Each ship back to cruising means more team members back to sea, and we look forward to the restart being complete next month."
Since Holland America Line restarted cruising in July 2021, Eurodam, Koningsdam, Nieuw Amsterdam, Nieuw Statendam, Noordam, Rotterdam and Zuiderdam have returned to service with cruises in Alaska, the Caribbean, Europe, Mexico, California Coast and South Pacific. Volendam currently is under charter by the government of the Netherlands, positioned alongside in Rotterdam accommodating Ukrainian refuges.
Following its first cruise back in service, Oosterdam will spend the summer in the Mediterranean, offering seven- to 19-day itineraries roundtrip from Trieste (Venice), and between Trieste and Piraeus (Athens), Greece; Civitavecchia (Rome), Italy; or Barcelona, Spain. The ship will explore the entire region with ports in Spain, France, Italy, Greece, Turkey, Israel, Montenegro, Croatia, Albania and Malta.
After the Mediterranean season, Oosterdam departs on a transatlantic crossing to Fort Lauderdale, Florida, before heading through the Panama Canal and down the western coast of South America to position for a winter season of cruises around the tip of the continent between San Antonio (Santiago), Chile, and Buenos Aires, Argentina. The 14-day itinerary will journey to ports in Chile and Argentina, including the coveted Falkland Islands, along with cruising in the Strait of Magellan, Glacier Alley and Cape Horn. Three 22-day itineraries add four memorable days of scenic cruising in Antarctica.
Holland America Line will complete the restart of the remaining ships in the fleet through June with Zaandam (May 12 in Fort Lauderdale) and Westerdam (June 12 in Seattle, Washington).
For more information about Holland America Line, consult a travel advisor, call 1-877-SAIL HAL (877-724-5425) or visit hollandamerica.com.
Editors note: Photos are available at https://www.cruiseimagelibrary.com/c/timseltc.
Find Holland America Line on Twitter, Facebook and the Holland America Blog. Access all social media outlets via the home page at hollandamerica.com.
About Holland America Line [a division of Carnival Corporation and plc (NYSE: CCL and CUK)]
Holland America Line has been exploring the world since 1873 and was the first cruise line to offer adventures to Alaska and the Yukon nearly 75 years ago. Its fleet of premium ships visits nearly 400 ports in 114 countries around the world, offering an ideal mid-sized ship experience. A third Pinnacle-class ship, Rotterdam, joined the fleet in July 2021.
The leader in premium cruising, Holland America Line's ships feature innovative initiatives and a diverse range of enriching experiences focused on destination exploration and personalized travel. The best live music at sea fills each evening at Music Walk, and dining venues feature exclusive selections from Holland America Line's esteemed Culinary Council of world-famous chefs.
View original content to download multimedia:
SOURCE Holland America Line | https://www.wibw.com/prnewswire/2022/05/08/holland-america-lines-oosterdam-back-cruising-ninth-ship-fleet-return-service/ | 2022-05-09T09:58:23Z |
C4 hosts pro day for high school athletes
DURANT, Okla. (KXII) -C4 Sports Performance held its first high school pro day this Saturday afternoon. Local athletes took part in the same types of drills that that would be part of an NFL pro day such as the 40-yard dash and broad jump. Players also went through drills specific to their positions.
Several college coaches where in attendance including the head coaches of Southeastern Oklahoma State and East Central.
The event was great opportunity to showcase the talent across Texoma.
”They’re able to see these guys live in a camp type setting,” said Sean Cooper, owner of C4 Sports Performance. “They’ll also get a jump on the camp circuit. So when they go to camps in two weeks they’re not nervous. They’re already tested.”
”I’ve had a good offseason, excited to show all these coaches and media just what I can do,” said Gunter’s Phoenix Grant.
”Coming to dominate, be a dog,” said Andrew McCall, Atoka. “So people what I am because I know what I am. That’s about it”
”It means a lot to us that we have someone that can show affection and love to us like this,” said Plainview’s Morgan Pearson.
”It’s big for Texoma because we’re a small town. This is a small area,” said Denison’s Kenyan Kelly. “Not many colleges know about us but Coop, he puts us on the map by doing this.”
”It’s a great event, it’s great for Texoma,” said Cooper. “It’s great for the city of Durant. It’s great for the kids most importantly.”
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/05/22/c4-hosts-pro-day-high-school-athletes/ | 2022-05-22T04:36:37Z |
Emporia State women’s basketball releases 2022 schedule
EMPORIA, Kan. (WIBW) - The Emporia State Lady Hornets announced their full schedule for the upcoming season.
Emporia State fans will have a lengthy wait until they can see the Lady Hornets play at home as they will spend the first six weeks of the season on the road. But once they get their prolonged road trip out of the way, they will play 12 of their 20 games in the friendly confines of W.L. White Auditorium, where they have won almost 90% of their games over the last 25 years.
Emporia State opens the year with an exhibition game at Oklahoma on Thursday, November 3. The regular season will get underway on November 11 with the MIAA-GAC Challenge in Searcy, Arkansas with Emporia State playing the host Harding.
MIAA play will get underway on December 3rd as Emporia State travels to Topeka to take on Washburn in the Turnpike Tussle. It will be the first time the Lady Hornets and Ichabods will meet in a conference opener since the 1988-89 season.
The Lady Hornets return three starters from last year’s team that went 15-14. It was the 26th consecutive winning season for Emporia State, the longest active streak among women’s basketball programs in the MIAA.
To see the full schedule for this season, click here.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/09/13/emporia-state-womens-basketball-releases-2022-schedule/ | 2022-09-13T22:09:53Z |
WATCH: Man rescues baby owl stuck for hours in tree
OMAHA, Neb. (WOWT/Gray News) - While many people spent Memorial Day morning preparing for a parade or cookout, the owner of a tree removal service in Iowa was saving a baby owl.
Ed Gregory owns the tree removal service in Council Bluffs.
Several weeks ago, he was tasked with removing a dying, hazardous tree from someone’s front yard, when he found a barred owl nest.
“It’s a protected species, so I told them we couldn’t remove the tree. We’re going to have to wait until they hatch and fly away,” Gregory told WOWT. “So, we took off the hazardous limbs, and I’ve been checking up on the owls about weekly.”
As the owl eggs hatched and grew, Gregory monitored them, giving updates on the baby birds for the neighborhood, which quickly got invested in their well-being.
But on Memorial Day, Gregory’s update was worrisome.
“I came by [Monday] morning and saw one hanging by its foot out of the edge of the nest,” he said. “It couldn’t have been there for more than at least 24 hours, I drove by there [Sunday] evening about 8 o’clock and it wasn’t there, so sometime between 8 o’clock [Sunday] night and noon [Monday] is when it fell.”
One of the baby owls had successfully left the nest, but the other one got stuck.
“It was in a knothole of a tree, and the knot had a crack down it that was maybe a half-inch wide, maybe less, a quarter-inch, something like that,” he said. “And its foot was caught in there and it was hanging upside down, and I went up in the bucket truck and just grabbed its wings, folded them in, held the owl, and then I just broke the edge of the tree off and pulled him loose.”
Gregory took the bird home, taking care of it until Raptor Conservation Alliance was able to pick it up.
The organization said they suspect the owl has a dislocated leg, and they plan on caring for the bird until he makes a full recovery.
They also said this isn’t the first barred owl of the season they’ve cared for. Several already have been blown out of their nests by the wind.
Gregory said in his line of work, this isn’t the first time he’s seen something like this.
“We just had Raptor Rescue out here three weeks ago for a red-tailed hawk,” he said. “I relocated a dove nest last week in a tree we had to take out.”
Gregory said he knows not everyone loves when trees are removed, but sometimes it’s necessary, especially when they risk falling on homes because of damage or rotting.
He said he and his team will always do what they can to protect wildlife around them.
Copyright 2022 WOWT via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/06/02/watch-man-rescues-baby-owl-stuck-hours-tree/ | 2022-06-02T17:54:19Z |
WATCH: Pups ride tandem during the 2022 World Dog Surfing Championships
Published: Aug. 8, 2022 at 8:16 AM CDT|Updated: 25 minutes ago
LINDA MAR BEACH, Calif. (Gray News) – Hundreds of people headed to the beach this weekend in northern California to see who would be named Top Dog in the 2022 World Dog Surfing Championships.
The event brought together the best in local and international dog surfing talent to compete in various categories.
Some pups rode solo, others rode with their canine pals and some dogs caught waves with their favorite humans.
There were several other activities on the land, including a dog beach fashion contest and dog adoptions.
At the end of the event, Skyler had a “pawsome” day and was the overall champ, taking home four awards, including Top Dog.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/08/08/watch-pups-ride-tandem-during-2022-world-dog-surfing-championships/ | 2022-08-08T13:43:26Z |
Fast Casual Dining Powerhouse with Deliciously-Crafted Menu Now Open
ALISO VIEJO, Calif., Sept. 8, 2022 /PRNewswire/ -- Capriotti's Sandwich Shop, known for its award-winning, hand-crafted cheesesteaks, turkey subs and more, debuted its newest location in Aliso Viejo at 27032 La Paz Rd. on September 6. Capriotti's brings the Aliso Viejo community its 45-year-old tradition of slow-roasting whole, all-natural turkeys in-house – and hand-pulling them every morning, along with other savory favorites like the made-from-scratch meatballs using premium, fresh ingredients.
Capriotti's is known for its wide array of sandwiches including 'The Bobbie,' made with fresh oven-roasted turkey, cranberry sauce, stuffing and mayo; 'The Capastrami,' made with hot pastrami, Swiss cheese, Russian dressing and homemade coleslaw; and cheesesteak varieties made with premium steak, chicken or Impossible™ plant-based meat with melted cheese and peppers. Among their many sandwiches they also offer a variety of salads, including the Caps Chopped Salad, Balsamic Chicken Salad, and more. The Aliso Viejo Capriotti's will offer a convenient order-ahead option, in addition to third-party delivery services. The new shop will also provide 20 new jobs to the Aliso Viejo community.
The new location is owned and operated by local entrepreneurs, and mother-son team, Haydee Docasar and Alec Martin. Docasar has a background as a physician, while her son spent time as a sous-chef in California and New Orleans. When the pandemic hit, they found themselves together again at their home in Orange County. Determined to start something new and exciting, the duo decided to bring three Capriotti's locations to the area, with the help of other family members.
"When we were discussing business opportunities, it was really important to Alec that we only use high quality and fresh ingredients," says Docasar. "With Capriotti's, we know we can provide great food to our community. The brand is passionate about their products and their people, so we're excited for our family to take part in that time-tested legacy."
Capriotti's fans in Aliso Viejo can download the CAPAddicts Rewards app on iOS and Android to earn and redeem rewards and score free food. The restaurant also features online ordering. The Aliso Viejo location also offers catering for any event, from corporate events to birthday parties, with items such as party trays featuring cold subs, box lunches or a hot homemade meatball bar.
Capriotti's is open from 10 am – 8 pm every day. For additional information, visit www.capriottis.com or call the location at 760-851-0531.
About Capriotti's Sandwich Shop
Founded in 1976, Capriotti's Sandwich Shop is an award-winning national franchised restaurant chain that remains true to its 45-year tradition of slow-roasting whole, all-natural turkeys in-house every day. Capriotti's fresh ingredients, homemade subs and unique menu items have won numerous accolades including being named one of the "10 Great Places for a Surprising Sandwich" by USA Today and many "Best of" awards across the country. Capriotti's cold, grilled and vegetarian subs, cheese steaks and salads are available at more than 100 locations across the U.S. Capriotti's signature sub, The Bobbie®, was voted "The Greatest Sandwich in America" by thousands of readers across the country and reported by AOL.com. Capriotti's fans can also download the CAPAddicts Rewards app for iOS and Android, where they can earn and redeem rewards. For more information, visit capriottis.com. Like Capriotti's on Facebook, follow on Twitter or Instagram.
Media Contact: Olivia Quarrier, Fishman PR | oquarrier@fishmanpr.com | 765-606-7442
View original content to download multimedia:
SOURCE Capriotti's Sandwich Shop | https://www.mysuncoast.com/prnewswire/2022/09/08/mother-son-team-bring-award-winning-sandwich-shop-aliso-viejo-first-three/ | 2022-09-08T16:52:18Z |
VIRGINIA BEACH, Va., Aug. 16, 2022 /PRNewswire/ -- Today, Inc. announced that Groundworks® has been named on its annual Inc. 5000 list. The highly competitive, distinguished honor has recognized America's fastest growing private companies for over two decades. 2022 marks the fifth consecutive year that Groundworks has received the top accolade at No. 1066 on the 2022 list.
Groundworks, founded in 2016, is the nation's leading foundation and water management solutions company. With over 4,200 employees across 50 locations in the United States, Groundworks provides a range of foundation repair, basement waterproofing, crawl space repair and encapsulation, plumbing, gutters installation, and concrete lifting services. In addition to being named to the Inc. 5000 list for five years, the organization has also received multiple esteemed endowments, including Qualified Remodeler's Top 500, A+ Better Business Bureau (BBB) rating and BBB Integrity award, and Best Places to Work, among others.
"It's an incredible honor to all of us at Groundworks to be recognized as a leading company for the fifth time by Inc. magazine," said Matt Malone, Groundworks Founder and Chief Executive Officer. "Being named to the Inc. 5000 list is a result of the work, talent and dedication of every person at our company. Congratulations to our Groundworks Tribe!"
A complete list of the 2022 Inc. 5000, including company profiles and other details, can be found at www.inc.com/inc5000.
View original content:
SOURCE Groundworks | https://www.kxii.com/prnewswire/2022/08/16/groundworks-receives-inc-5000-fastest-growing-company-honor-5th-year/ | 2022-08-16T14:09:08Z |
Shawnee Co. officials search for suspects in early-morning ATM theft, chase
TOPEKA, Kan. (WIBW) - Shawnee County officials are on the hunt for those who may have been involved in the early-morning theft of an ATM from a bank in Auburn and a resulting police chase.
The Shawnee County Sheriff’s Office has asked residents from SW Fairlawn rd. to SW Urish Rd. and SW 41st St. to SW 77th St. to be aware of suspicious activity or anyone who could be related to an early morning burglary in Auburn.
Just after 5 a.m., the Sheriff’s Office said the Shawnee Co. Emergency Communications Center was notified of a burglary alarm at Landmark National Bank in the 1700 block of N Washington St. in Auburn. Information had been received that a suspect had attempted to steal the bank’s ATM.
A Shawnee Co. K9 unit later found the suspect vehicle, which refused to stop for officials and initiated a chase that ended in the 5700 block of SW Urish Rd.
As of 9:30 a.m. on Thursday, the Sheriff’s Office said it is actively investigating the incident and searching for those involved. It has asked residents to be aware of any suspicious activity or individuals and report it immediately.
If anyone does see anything suspicious, they should call 911.
Those who may have information or video surveillance should contact Detective Julian at 785-251-2551 as soon as possible.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/08/11/shawnee-co-officials-search-suspects-early-morning-atm-theft-chase/ | 2022-08-11T15:19:54Z |
STOCKHOLM, June 2, 2022 /PRNewswire/ -- EnginZyme, a leading developer of cell-free biomanufacturing processes, has joined forces with the global processing and packaging company Tetra Pak to bring sustainable and economically sound solutions to the food and beverage industry. In this close and enduring collaboration, the companies are leveraging their respective strengths to find new ways to improve food and beverage production by, for example, turning food waste into valuable ingredients.
EnginZyme and Tetra Pak are developing cutting-edge processes using enzymes. These are naturally occurring, non-toxic biological molecules that have the potential to replace or improve upon energy-intensive chemical catalysts in food production. Enzymes can be unstable and unpredictable and thus difficult to control. But with EnginZyme's patented, cell-free biomanufacturing platform, enzymes can be transformed into a solid heterogeneous material, making it easier to handle.
As a first project, Tetra Pak and EnginZyme are exploring transforming acid whey, a by-product from the manufacture of dairy foods like greek yoghurt or cream cheese, into valuable ingredients that can go into healthy food products.
Currently, acid whey must be disposed of carefully because it can damage ecosystems if too much of it goes into waterways. Tetra Pak and EnginZyme aim to demonstrate with acid whey the potential of enzyme technology to reduce waste streams and generate revenue from by-products.
"This collaboration really puts our two companies' strengths into play," said Karim Engelmark Cassimjee, CEO and co-founder of EnginZyme. "By combining Tetra Pak's broad food processing expertise and deep market knowledge with EnginZyme's biomanufacturing innovation, we are working to solve huge challenges while creating the food products of the future. We're creating a modern process environment that is low-energy, low-waste and truly sustainable."
Tetra Pak is working to integrate EnginZyme's biotechnology directly into product or waste-stream lines, meaning the solution could be easily scaled.
"EnginZyme's ability to control and adapt enzymes to suit our manufacturing processes has great potential for many of our food applications," said Lidia Garcia Pou, Head of Project Management and External innovation at Tetra Pak. "Together we can crack the code to maximise our use of raw ingredients, reduce industrial waste, and improve efficiencies, which we believe will be revolutionary for the food processing industry."
Instead of adding enzymes directly to food, which is expensive and results in loss of control, EnginZyme's technology fixes enzymes inside a reactor's solid support material. The food passes through the reactor, allowing just enough enzymatic reactions to happen. As the enzymes are fixed and the food goes in and out of the reactor, the enzymes can be reused – and don't end up in the finished product. This gives manufacturers better control of the production process. What is more, the technology can be used with many enzyme types, making it a versatile, transferable solution for the food industry.
"In the future we see the EnginZyme-Tetra Pak partnership being synonymous with high-tech novel food processing solutions solving key challenges across the food industry such as improving health and reducing waste," Karim Engelmark Cassimjee said. "This close collaboration has shown that efficient use of enzymes opens previously impossible avenues for the production of the foods and beverages of the future."
About EnginZyme
EnginZyme's vision is to play a key role in solving one of the fundamental challenges of our time: how to produce better, greener, and more affordable products for everyone. The company, founded in 2014, has created a patented, cell-free biomanufacturing platform that combines the breadth and power of biology with the efficiencies of the chemical industry. EnginZyme is recognised as a Technology Pioneer by the World Economic Forum and is backed by Sofinnova Partners, Industrifonden and SEB Greentech VC. To learn more, go to www.enginzyme.com.
About Tetra Pak
Tetra Pak is a world-leading food processing and packaging solutions company. Working closely with our customers and suppliers, we provide safe, innovative and environmentally sound products that each day meet the needs of hundreds of millions of people in more than 160 countries. With more than 25,000 employees around the world, we believe in responsible industry leadership and a sustainable approach to business.
Our promise, "PROTECTS WHAT'S GOOD™," reflects our vision to commit to making food safe and available, everywhere. More information about Tetra Pak is available at www.tetrapak.com
For more information, please contact:
Hanna Laurentz, Director of Communications
E: hanna@enginzyme.com; T: +46 728 902657
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
View original content:
SOURCE EnginZyme AB | https://www.mysuncoast.com/prnewswire/2022/06/02/enginzyme-tetra-pak-join-forces-advance-sustainable-food-amp-beverage-production/ | 2022-06-02T08:08:51Z |
LAS VEGAS, June 16, 2022 /PRNewswire/ -- AGS (NYSE: AGS or "the Company") CEO David Lopez issued the following statement after the announcement of the United States Supreme Court decision siding with certain Tribes in Texas (the Tribes at issue are the Ysleta del Sur and Alabama and Coushatta Indian Tribes of Texas, which operate the Speaking Rock and Naskila Gaming facilities, respectively) to allow bingo gaming on their Tribal lands, without regulatory oversight from the State of Texas. The Court's ruling on Wednesday determined that these Texas Tribes have the autonomy to regulate electronic bingo games on their lands, in compliance with the Indian Gaming Regulatory Act ("IGRA") like most other Tribes in America, regardless of the state's rules on bingo, which is permitted in the State of Texas. While the federal government agreed with the Tribes' position, the State of Texas did not.
"After an extremely long process in the judicial system, I would like to congratulate our Native American business partners and friends on their well-deserved win. This ruling makes it possible for these sovereign Tribes to gain economic freedom and confirms their rights as federally recognized Tribes. AGS stands by our Tribal operator partners as they look to exercise their rights and wish them success in current and future ventures as sovereign Tribes in the State of Texas. We are proud to support all our Native American partners throughout the country, and, in particular, these Tribes that have fought so hard and so long in pursuit of their economic freedom."
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Our roots are firmly planted in the Class II Native American gaming market, but our customer-centric culture and growth have helped us branch out to become a leading all-inclusive commercial gaming supplier. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, real-money gaming platforms and content, highly rated social casino solutions for operators and players, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more at www.playags.com.
AGS Media Contact:
Julia Boguslawski, Chief Marketing Officer
Jboguslawski@PlayAGS.com
Nikki Davis, Director of Marketing & Communications
Ndavis@PlayAGS.com
AGS Investor Contact:
Brad Boyer, Senior Vice President of Investor Relations & Corporate Operations
Bboyer@PlayAGS.com
View original content to download multimedia:
SOURCE AGS | https://www.mysuncoast.com/prnewswire/2022/06/16/ags-issues-statement-supreme-court-ruling-favor-authorized-gambling-tribal-lands-texas/ | 2022-06-16T21:46:36Z |
The Improving Access to Workers' Compensation for Injured Federal Workers Act would ensure federal workers receive prompt access to high-quality health care for work-related injuries.
AUSTIN, Texas, June 7, 2022 /PRNewswire/ -- Today, American Association of Nurse Practitioners® (AANP) President April N. Kapu, DNP, APRN, ACNP-BC, FAANP, FCCM, FAAN, issued the following statement applauding the U.S. House of Representatives passage of H.R. 6087, the Improving Access to Workers' Compensation for Injured Federal Workers Act.
"On behalf of AANP and more than 355,000 nurse practitioners (NPs), we thank Representatives Courtney (D-CT) and Walberg (R-MI) and the U.S. House Committee on Education and Labor for its bipartisan leadership to pass H.R. 6087. We applaud the U.S. House of Representatives and the 325 Members of Congress who voted in favor of this important legislation, which will help ensure injured federal workers receive prompt access to high-quality health care for their work-related injuries. Today's action in the U.S. House helps move federal employees — who can already choose an NP as their health care provider under the Federal Employees Health Benefits Program — one step closer to utilizing those same providers to certify and oversee the care of their workplace-related injuries. H.R. 6087 is a common-sense, no-cost solution to give federal workers timely access to the care they need, when they need it most. By passing this bill today, the U.S. House has once again acted to reduce unnecessary barriers to timely care, enabling the nation's NPs to provide health care services in accordance with state law. We urge the U.S. Senate to promptly pass H.R. 6087."
The American Association of Nurse Practitioners® (AANP) is the largest professional membership organization for nurse practitioners (NPs) of all specialties. It represents the interests of the more than 355,000 licensed NPs in the U.S. AANP provides legislative leadership at the local, state and national levels, advancing health policy; promoting excellence in practice, education and research; and establishing standards that best serve NPs' patients and other health care consumers. As The Voice of the Nurse Practitioner®, AANP represents the interests of NPs as providers of high-quality, cost-effective, comprehensive, patient-centered health care. To locate an NP in your community, visit npfinder.com. For more information about NPs, visit aanp.org. For COVID-19 information from AANP, visit aanp.org/COVID19.
View original content to download multimedia:
SOURCE American Association of Nurse Practitioners | https://www.mysuncoast.com/prnewswire/2022/06/08/aanp-statement-us-house-representatives-passage-hr-6087/ | 2022-06-08T02:56:47Z |
Each baby born is brimming with life and boundless potential that will make up Texas’ future. Sadly, babies are more likely to be poor than any other age group, living in families without enough income to meet their basic needs. Many families aren’t aware of programs connecting to resources, daycares and children’s services.
In 2021, major daycares such as First Christian Church preschool closed in Temple, leaving families having to suddenly find quality care for their children. Many families were searching for months in search of a daycare that remained open with constant COVID-19 closures. Many daycares were overwhelmed with the growing number of children. The four Early Head Start programs in Temple remained available to help families in need of care.
Early Head Start is a program that provides comprehensive services to under resourced infants, toddlers and their families with mental health, nutrition and family support services. Children in Early Head Start show positive effects, including enhanced cognitive and language skills and decreased aggressive behaviors.
But access to this critical program is nowhere close to what it needs to be. Before COVID, nationwide, only 7% of eligible children across the country had access to Early Head Start. Now, the need for Early Head Start services is even greater. Right now is an ideal opportunity for Congress to expand access and financing to Early Head Start, a program that helps when poverty hurts. Doing so will ensure that all babies and toddlers have the early experiences they need to thrive.
Hope Calverley
Temple | https://www.tdtnews.com/news/letters_to_the_editor/article_94fafa9a-b6d6-11ec-9b85-23308c5c6224.html | 2022-04-09T09:59:19Z |
NORTHBOROUGH, Mass., June 29, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, announced today that it has decided not to proceed with the concurrent public offerings of its common stock and its green convertible senior notes due 2027 (the "Notes") previously announced on June 28, 2022. The decision not to proceed with the concurrent offerings results from an assessment by the Company that current market conditions are not conducive for the offerings on terms that would be in the best interests of Aspen's shareholders. As a result of this decision, no shares of common stock or Notes will be sold pursuant to the concurrent offerings.
The offerings were being made pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission (the "SEC") and only by means of a preliminary prospectus supplement and an accompanying prospectus for each offering, which were filed by Aspen with the SEC on June 29, 2022.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities referred to in this press release, nor will there be any sale of any such securities, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Aspen Aerogels, Inc.
Aspen is a technology leader in sustainability. The company's aerogel technology enables its customers and partners to achieve their own objectives around the global megatrends of resource efficiency, e-mobility and clean energy. Aspen's PyroThin® products enable solutions to thermal runaway challenges within the electric vehicle market. The company's carbon aerogel program seeks to increase the performance of lithium-ion battery cells to enable EV manufacturers to extend the driving range and reduce the cost of electric vehicles. Aspen's Spaceloft® products provide building owners with industry-leading energy efficiency and fire safety. The company's Cryogel® and Pyrogel® products are valued by the world's largest energy infrastructure companies. Aspen's strategy is to partner with world-class industry leaders to leverage its Aerogel Technology Platform™ into additional high-value markets. Headquartered in Northborough, Mass., Aspen manufactures its products at its East Providence, R.I. facilities.
Special Note Regarding Forward-Looking and Cautionary Statements
This press release and any related discussion contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. These statements are not historical facts but rather are based on Aspen's current expectations, estimates and projections regarding Aspen's business, operations and other factors relating thereto. Words such as "may," "will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expects," "intends," "plans," "projects," "believes," "estimates," "outlook," "assumes," "targets," "opportunity," and similar expressions are used to identify these forward-looking statements. All such forward-looking statements are based on management's present expectations and are subject to certain factors, risks and uncertainties that may cause actual results, outcome of events, timing and performance to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, the risks and uncertainties described under the heading "Risk Factors" in Aspen's Annual Report on Form 10-K for the year ended December 31, 2021 and filed with the Securities and Exchange Commission ("SEC") on March 1, 2022, as well as any updates to those risk factors filed from time to time in Aspen's subsequent periodic and current reports filed with the SEC. All statements contained in this press release are made only as of the date of this press release. Aspen does not intend to update this information unless required by law.
View original content to download multimedia:
SOURCE Aspen Aerogels, Inc. | https://www.kxii.com/prnewswire/2022/06/29/aspen-aerogels-inc-announces-its-decision-not-proceed-with-concurrent-public-offerings-common-stock-green-convertible-senior-notes-due-2027/ | 2022-06-30T00:28:44Z |
HOUSTON, July 21, 2022 /PRNewswire/ -- CenterPoint Energy, Inc.'s (NYSE: CNP) board of directors today declared dividends on shares of its Common Stock and Series A Perpetual Preferred Stock.
The company's board of directors declared a regular quarterly cash dividend of $0.1800 per share on the issued and outstanding shares of Common Stock payable on September 8, 2022 to shareholders of record at the close of business on August 18, 2022. This quarterly dividend represents a $0.01 increase over the prior quarter and aligns with an 8% annual dividend growth rate when compared to 2021.
The company's board of directors declared a regular semiannual cash dividend of $30.6250 per share on the issued and outstanding shares of Series A Preferred Stock payable September 1, 2022 to shareholders of Series A Preferred Stock of record at the close of business on August 15, 2022.
As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of March 31, 2022, the company owned approximately $35 billion in assets. With approximately 8,900 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.
For more information contact
Media:
Communications
Media.Relations@CenterPointEnergy.com
Investors:
Jackie Richert
Phone 713.207.6500
View original content to download multimedia:
SOURCE CenterPoint Energy, Inc. | https://www.kxii.com/prnewswire/2022/07/21/centerpoint-energy-declares-an-increase-regular-common-stock-quarterly-dividend-01800-series-preferred-stock-dividend-306250/ | 2022-07-21T22:01:12Z |
Culture of Valuing Professionalism, Skill, and Humanity Linked to Better Health, Less Stress
SACRAMENTO, Calif., June 8, 2022 /PRNewswire/ -- The California Lawyers Association (CLA) and the District of Columbia Bar (D.C. Bar) shared additional findings today from a groundbreaking research project offering insight into the personal and workplace risk factors for mental health problems, substance use, and attrition among practicing attorneys. In 2020, the two bar associations announced their participation in the project, which has now yielded the second in a series of published papers. Titled "People, Professionals, and Profit Centers: The Connection Between Lawyer Well-Being and Employer Values," the findings were published June 3 in the peer-reviewed scientific journal Behavioral Sciences.
The latest research examined the relationship between what lawyers think their employers value most about them, and the mental and physical health of those lawyers. It found that lawyers who felt most valued for their professional talent/skill or overall human worth had the best mental and physical health. Lawyers who felt most valued for their billable hours, productivity, and responsiveness were a distant second in mental and physical health. Lawyers who did not feel valued by their employers or did not receive enough feedback to know what their employers value about them fared the worst in terms of mental and physical health. In addition, lawyers who felt most valued for their professional talent/skill or overall human worth were much less likely to report they were considering leaving the profession.
Key findings from the study, as shown in this infographic:
- 62.4% of lawyers reported feeling most valued for their personal or professional attributes. This group also had the best mental and physical health.
- 27.5% of lawyers reported feeling most valued for attributes like productivity and responsiveness. This group had poorer mental and physical health than those who felt most valued for their personal or professional attributes.
- The group with the poorest mental and physical health was the 10.1% of lawyers who believed their employers did not value them or did not receive enough feedback.
- Lawyers who work in environments that value professionalism, skill, and humanity over productivity and availability were not only in better health but also experienced lower stress levels and were less likely to say that their time in the profession had been harmful to their mental health.
- Lawyers working in larger firms were less likely to feel valued for their professional or personal worth and more likely to be valued for their financial and productivity contributions.
Key takeaways for legal employers:
- Employers who can make their lawyers feel more valued for their skill or humanity may be able to improve lawyer well-being, reduce healthcare costs, and mitigate unwanted turnover.
- Providing clear and regular feedback may reduce stress and improve mental health.
- By targeting and seeking to improve maladaptive behaviors in their workplace, employers may be able to improve the stress levels and mental health of their lawyers.
The research project was led by attorney mental health and well-being expert Patrick Krill, of Krill Strategies, and Justin J. Anker from the Department of Psychiatry at the University of Minnesota.
The research raises significant questions about whether a drift toward a profit and business-centric approach to law is sustainable for the health and well-being of lawyers and legal professionals.
"This novel and actionable research invites a challenging yet essential conversation for lawyers. We need to step back and ask ourselves whether we are valuing the right things in our profession and, if so, whether we are effectively communicating those values to our colleagues," Krill said.
California Lawyers Association CEO and Executive Director Oyango A. Snell and District of Columbia Bar CEO Robert Spagnoletti thanked the researchers for continuing to glean new insights from their collaboration on the project.
"This new, definitive research illuminates the important role professional culture plays in lawyer well-being and gives us a roadmap for helping to address one of the root causes of burnout and stress in the legal profession," Snell said.
"Once again, Patrick Krill and Justin Anker have held a mirror to the legal profession, presenting important data on the impact of an attorney's working environment and perceived value," Spagnoletti said. "Knowing and understanding this information will better enable the D.C. Bar to provide meaningful services to its members and those organizations that employ lawyers."
The project previously yielded a paper titled "Stress, Drink, Leave: An Examination of Gender-Specific Risk Factors for Mental Health Problems and Attrition Among Licensed Attorneys," published in May 2021 in the peer-reviewed scientific journal PLOS ONE. The research found that mental health problems and hazardous drinking are exceedingly high among currently employed attorneys. In addition, female attorneys experience more mental distress, greater levels of overcommitment and work-family conflict, and lower prospects of promotion than their male counterparts.
Another research paper is forthcoming exploring the predictors of suicide among attorneys, Krill said.
About California Lawyers Association:
Established in 2018, CLA is the bar association for all California attorneys. CLA's mission is to promote excellence, diversity and inclusion in the legal profession and fairness in the administration of justice and the rule of law.
About the District of Columbia Bar:
Since 1972 the District of Columbia Bar (D.C. Bar) has been enhancing access to justice, improving the legal system, and empowering lawyers to achieve excellence. It is the largest unified bar in the United States, with more than 113,000 members in all 50 states and over 80 countries and territories. To learn more about how the D.C. Bar serves its members and the larger legal community, visit www.dcbar.org.
View original content to download multimedia:
SOURCE California Lawyers Association | https://www.mysuncoast.com/prnewswire/2022/06/08/california-lawyers-association-dc-bar-announce-more-findings-groundbreaking-study-attorney-mental-health-well-being/ | 2022-06-08T16:46:30Z |
DYERSVILLE, Iowa (AP) — Standing among rows of Iowa cornstalks, Nico Hoerner had Johnny Bench on his left and Billy Williams right next to him.
“Pretty incredible,” Hoerner said.
For sure. Even for a “Field of Dreams.”
Led by Drew Smyly and a 10-hit attack, the Chicago Cubs beat the Cincinnati Reds 4-2 on Thursday night in Major League Baseball’s second “Field of Dreams” game.
Nick Madrigal had three hits for Chicago in a throwback ballpark a short walk away from the main field for the 1989 movie. Smyly (5-6) pitched five scoreless innings and Ian Happ had two hits, including an RBI double that drove in Hoerner during a fast start for the Cubs.
“The atmosphere was amazing,” Chicago manager David Ross said. “Really cool event.”
The night began with Hall of Famer Ken Griffey Jr. and his father emerging from the iconic outfield cornstalks for their own version of a memorable scene from the film, delighting the sellout crowd of 7,823.
“Hey dad, do you wanna have a catch,” Junior said.
“I’d like that,” Senior said.
The Griffeys then played catch as more parents and children joined them on the field with their own balls and gloves, followed by the Cubs and Reds, dressed in special uniforms inspired by how the franchises looked in the early 20th century.
Williams and Bench were among a group of Hall of Famers from each franchise that also joined the festivities. Bench stood behind the plate for a ceremonial first pitch from Fergie Jenkins.
“What they’ve done here is incredible. … I think every baseball player should experience this,” Reds third baseman Kyle Farmer said.
Backed by Chicago’s three-run first, Smyly improved to 3-1 with a 2.49 ERA in his last four starts. The left-hander allowed four hits and walked two while celebrating the fifth birthday for his daughter, Parker.
Rowan Wick worked the ninth for his seventh save.
“A game like this … you just feel like a kid again,” Smyly said. “You’re just out there playing baseball in the middle of Iowa.”
Cincinnati dropped its fourth straight game. Matt Reynolds hit a two-run double in the seventh, but the last-place Reds went down in order in the final two innings.
Major League Baseball returned to Dyersville — population of about 4,400 — after its first “Field of Dreams” game was a smashing success. The Chicago White Sox topped the New York Yankees 9-8 on Tim Anderson’s electric homer last year in the first MLB game in Iowa.
But the sequel lacked the drama of the original version. Chicago and Cincinnati dropped out of contention a long time ago, and the Cubs grabbed control right at the start against Nick Lodolo (3-4).
Seiya Suzuki and Happ each hit an RBI double in the first, and Hoerner had a run-scoring single. The rally started after Lodolo retired the first two batters.
“I didn’t make pitches when I needed to when I was ahead in the count,” Lodolo said.
Madrigal tacked on an RBI single for a 4-0 lead in the fourth.
REMEMBERING RAY
The 1989 movie starred Kevin Costner, James Earl Jones, Ray Liotta and Amy Madigan. Liotta, who played the ghost of Shoeless Joe Jackson, died in May at age 67.
Costner narrated a tribute video for Liotta that was aired in the first.
“Long live Shoeless Joe and long live Ray,” Costner said.
IN MOURNING
Hall of Fame right-hander John Smoltz was on the broadcast for FOX Sports after his father, John Adam Smoltz, died earlier Thursday.
“He lived by his faith, he loved family and he would be so mad if I didn’t do this game,” the 55-year-old Smoltz said during the broadcast.
TRAINER’S ROOM
Cubs: Willson Contreras appeared to roll his left ankle when he tried to scurry back to second after rounding the bag on Patrick Wisdom’s single in the third. He was tagged out, but he was back behind the plate for the bottom half of the inning.
Reds: 2B Jonathan India (leg contusion) was replaced by Reynolds before the start of the fourth. India was hit on his lower left leg by a pitch in the first. Manager David Bell said India is day to day.
UP NEXT
Following an off day, the three-game series resumes on Saturday in Cincinnati. Graham Ashcraft (5-2, 3.94 ERA) pitches for the Reds, and fellow right-hander Adrian Sampson (0-3, 3.83 ERA) starts for the Cubs.
___
Jay Cohen can be reached at https://twitter.com/jcohenap
___
More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/smyly-stars-as-cubs-beat-reds-in-2nd-field-of-dreams-game/ | 2022-08-13T03:15:22Z |
Death toll rises to at least 25 in Kentucky flooding as people in stricken areas remain hard to reach, governor says
By Aya Elamroussi, Andy Rose and Ray Sanchez, CNN
The death toll in flood-stricken parts of eastern Kentucky climbed to at least 25 and will almost certainly “get worse” as first responders work to account for missing residents, the state’s governor said Saturday.
Gov. Andy Beshear said the immediate goal is “to get as many people to safety as possible” following what officials have described as unprecedented flooding in the region.
Hundreds of people have been rescued by air and water in recent days by National Guard members from Kentucky, Tennessee, West Virginia, as well as by officers from the Kentucky Department of Fish and Wildlife and State Police.
“It is a really hard thing right now, with how wide the destruction is (and) areas that are impacted, to get any firm number on people that are missing,” said Beshear, urging residents to report missing persons.
Cell phone service is still out in some counties, and water systems are overwhelmed, according to the governor. One hospital had no water.
“To everyone in Eastern Kentucky, we are going to be there for you today and in the weeks, months and years ahead. We will get through this together,” Beshear said in a tweet Saturday.
Rescue efforts have been also hindered due to power outages that persisted early Saturday with more than 18,000 homes and businesses remaining in the dark, according to PowerOutage.us.
Massive floodwaters washed out homes in several counties, leaving some residents scrambling to their rooftops to escape the deadly flooding. Officials believe thousands have been affected by the storms, and efforts to rebuild some areas may take years, the governor said Friday.
“It is devastating for us, especially after the western part of our state went through the worst tornado disaster we’ve ever seen just seven-and-a-half months ago,” Beshear told CNN’s Wolf Blitzer, referencing a series of tornadoes that ripped through Kentucky in December and left 74 people killed.
Couple staying in car vow to help with cleanup
Clay Nickles and his wife, McKenzie, spoke to CNN Saturday from their car after their home in the city of Neon, in Letcher County, was damaged two days ago.
“All of our family so far has been accounted for but we have neighbors who have not,” Clay Nickles said.
Nickles described Neon as a tight-knit community, “like Mayberry with Andy Griffith.”
“Everybody, whether they’re family or not, is like family,” he said. “In an event like this typically, if one or two people get devastated, everybody joins in to help. In this situation, everyone is devastated.”
Nickles said they will leave their car later to help with cleanup efforts.
“This is tough but we will get through this,” Nickles said. “These people were fighters and mountain people have had a lot of heart.”
Deaths have been reported in Knott, Perry, Letcher and Clay counties. Fourteen people, including four children, were confirmed dead Friday afternoon in Knott County, according to the county coroner. It was not immediately clear how that number factors into the state’s overall death toll.
The four children were siblings, according to their aunt Brandi Smith, who said the family’s mobile home became overwhelmed with floodwaters and forced the family to rush to the roof for safety. She added that her sister, Amber, and her partner tried to save their children but were unable.
“They were holding on to them. The water got so strong, it just washed them away,” Smith told CNN.
Eastern Kentucky is expected to get some relief from heavy rain Saturday. Rain is possible Sunday into Monday, when there is a slight risk of excessive rain over the region, according to the Weather Prediction Center. Affected areas may include eastern Tennessee and along the Appalachians of North Carolina, Virginia and West Virginia.
An entire church gone
The city of Hazard in southeastern Kentucky had seven of its nine bridges impassable, an “unheard of” number, Mayor Donald “Happy” Mobelini said Friday morning.
Among the buildings wiped out include a two-story church, pastor Peter Youmans told CNN Friday.
“All that you see is scraps of cement,” Youmans said of his Davidson Baptist Church, and witnessed floodwaters also wiping out a house nearby.
“It started raining so hard that it was clearly coming up into the parking lot,” he told CNN’s Jim Sciutto. “And then it got up into our house. That’s when I knew it was really bad because it’s never been in our house before. It was about a foot.”
A small creek in front of Youmans’ house is about 8 or 10 feet wide and normally less than 6 inches deep, but during the flooding, trailers were moving down the creek, he said.
Parishioners would typically be helping the church at a time like this, yet they are “taking care of their own problems right now,” he noted.
“And some of them are in as bad or worse shape than we are in,” he said. “We’re just thankful that the house was not destroyed with my grandchildren in it.”
‘I’m still sort of traumatized’
Meanwhile, Joseph Palumbo in Perry County is struggling to reach his home after another house washed up onto a road on the way, blocking access.
“We walk to the end of our driveway, and there is an entire double-wide trailer smashed into our bridge,” Palumbo told CNN Friday. The trailer had been across Highway 28 from his own house for decades, he said.
“I’m still sort of traumatized because never in my life have I seen something like this,” Palumbo said.
And because the trailer landed on a small bridge over a creek, he and his girlfriend, Danielle Langdon, have no way of walking around it.
“We’re climbing up a ladder, scaling across a tin roof, mud everywhere,” Palumbo said. “The first day, we’re sliding across the tin roof to get to the other side.”
The resident of the destroyed home was not inside at the time of flooding and made it through the storm unharmed.
“I have friends that I haven’t seen in years reaching out to me,” Palumbo said. “It’s really heartening to see the way people help each other.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
CNN’s Jalen Beckford, Raja Razek, Amy Simonson, Derek Van Dam, Joe Johns, Caroll Alvarado, Amanda Musa, Claudia Dominguez, Elizabeth Wolfe, Theresa Waldrop and Lauren Lee contributed to this report. | https://localnews8.com/video/2022/07/30/death-toll-rises-to-at-least-25-in-kentucky-flooding-as-people-in-stricken-areas-remain-hard-to-reach-governor-says/ | 2022-07-30T18:44:32Z |
Fed saw evidence of a slowing economy at its last meeting
WASHINGTON (AP) — Federal Reserve officials saw signs that the U.S. economy was weakening at their last meeting but still called inflation “unacceptably high” before raising their benchmark interest rate by a sizable three-quarters of a point in their drive to slow spiking prices.
In minutes from their July 26-27 meeting released Wednesday, the policymakers said they expected the economy to expand in the second half of 2022. But many of them suggested that growth would weaken as higher rates take hold. The officials noted that the housing market, consumer spending, business investment and factory production had decelerated after having expanded robustly in 2021.
Slower growth, they noted, could “set the stage’' for inflation to gradually fall to the central bank’s 2% annual goal, though it remained “far above’' that target. But the policymakers made clear that for now, they intend to continue raising rates enough to slow the economy.
In both June and July, the Fed sought to curb high inflation by raising its key rate by an unusually large three quarters of a percentage point twice. At their meeting last month, the policymakers said it might “become appropriate at some point to slow the pace of policy rate increases.’’
It remains unclear whether the Fed will announce yet another three-quarter-point rate hike when it next meets Sept. 20-21 or instead impose a more modest half-point hike then. Since the Fed’s meeting three weeks ago, the economy has sent mixed signals — unexpectedly strong hiring, a deterioration in the housing market and a surprising drop in inflation. Before the policymakers reconvene in September, they will see another monthly jobs report and another monthly report on consumer prices.
Compounding the challenge for the central bank is that it was slow to respond to a resurgence of inflation in the spring of 2021 as the economy roared back from the 2020 pandemic recession. For many months, Chair Jerome Powell characterized high inflation as “transitory,” mainly a result of supply chain backlogs that would soon unsnarl and ease inflationary pressure. They didn’t, and year-over-year inflation hit a 40-year high of 9.1% in June before edging lower last month.
So the Fed has had to play catch-up with a series of sharp rate increases. It raised its benchmark rate in March and again in May, June and July. Those moves have raised the central bank’s key rate, which influences many consumer and business loans, from near zero to a range of 2.25% to 2.5%, the highest since 2018.
Powell has said the Fed will do what it will take to tame inflation, and more rate hikes are expected. But many economists worry that the Fed will end up overdoing it in the other direction by tightening credit so much as to trigger a recession.
Concerns about a potential recession have been eased, for now, by the ongoing strength of the job market. Employers added a robust 528,000 jobs last month, and the unemployment rate has hit 3.5%, matching a half-century low that was reached just before the pandemic erupted in 2020.
In the minutes released Wednesday, the Fed’s policymakers acknowledged the strength of the job market. But they also noted that hiring tends to be a lagging indicator of the economy’s health. And they pointed to signs that the job market might be cooling, including an increase in the number of Americans filing for unemployment benefits, a drop in Americans quitting their jobs and a reduction in job openings.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/08/17/fed-saw-evidence-slowing-economy-its-last-meeting/ | 2022-08-17T19:05:09Z |
Celtics beat Warriors 116-100, take 2-1 lead in NBA Finals
BOSTON (AP) - Jaylen Brown scored 27 points, Jayson Tatum added 26 and the Boston Celtics beat back another third-quarter onslaught by the Golden State Warriors in a 116-100 victory Wednesday night that gave them a 2-1 lead in the NBA Finals.
Marcus Smart added 24 points and helped lead a defensive effort that held the Warriors to 11 points in the fourth quarter,
Stephen Curry led Golden State with 31 points and six 3-pointers. He had 15 points in a 33-25 third quarter by the Warriors but was hurt late in the fourth after Al Horford rolled into his leg on a loose ball. It was similar to a play during the regular season in which Smart dove into Curry’s legs while chasing a loose ball.
Klay Thompson broke out of a finals slump and finished with 25 points and five 3s. But the Warriors’ shooting couldn’t save them on a night the more athletic Celtics outmuscled them for a 47-31 rebounding advantage,
Game 4 is Friday in Boston.
The previous 39 times teams have split the first two games of the finals, the winner of Game 3 went on to win the series 82% of the time.
Feeding off the energy of a TD Garden crowd that jeered Draymond Green throughout his miserable night in the first NBA Finals game in Boston since 2010, the Celtics started fast and led by as many as 18 points in the first half.
Coming off a Game 2 loss in which Boston turned the ball over 19 times, the Celtics’ ball movement was much crisper in the half court, which led to open perimeter shots, favorable 1-on-1 matchups and driving lanes..
It left the Warriors scrambling at times, which contributed to three foul calls on Curry in the opening 24 minutes.
But as well as Boston played, it had its early lead erased in the third quarter by a Warriors seven-point possession that included a four-point play by Curry when he drew a flagrant 1 foul on Horford and 3-pointer by Otto Porter Jr to put Golden State in front 83-82.
Boston recovered to take a 93-89 edge into the fourth. The Celtics got the lead back up to 102-91 in the fourth and outscored Golden State 23-11 in the quarter.
The Celtics led 56-39 before an 8-0 spurt in just 37 seconds by the Warriors trimmed the lead to 56-49 on a layup by Curry with 3:32 left in half. The run included a pair of missed free throws by Boston, along with a missed layup and turnover.
Boston flurried at the end of the half to take a 68-56 lead into halftime.
TIP-INS
Warriors: Shot 8 of 23 in the first period. … Were outscored 52-26 in the paint.
Celtics: Shot 57% in the first half (27 of 47. Including 8 of 18 from 3. … With two 3-pointers by Brown in the first quarter, he and Tatum became the first pair of teammates in Celtics history to each make 50 3-pointers in a single postseason.
SHOVING MATCH
Green was involved in tussles with Brown and Grant Williams in Game 2 – one that ended in a technical foul call on Green.
He had another brief run-in with Williams in the second quarter Wednesday when Williams knocked Green to the ground at midcourt.
A foul was called on Williams, but he and Green had a short face-off before being quickly separated by officials.
In third quarter, Green wound up on the ground fighting for a loose ball with Brown. This time Green was called for the foul.
FAST START
The Celtics hit three of their first four shots and scored 10 straight points to jump out to 10-2 lead.
Boston’s lead grew to 18-9 when a fast break ended with Curry picking up his second foul trying to contest Smart’s layup with 5:44 left in the quarter.
Curry stayed in the game and Golden State switched to zone, but it did little to slow Boston, which widened its advantage as high as 15 points. The Celtics took a 33-22 lead into the second period.
___
More AP NBA: https://apnews.com/hub/NBA and https://twitter.com/AP_Sports
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/06/09/celtics-beat-warriors-116-100-take-2-1-lead-nba-finals/ | 2022-06-09T04:16:00Z |
STAMFORD, Conn., Sept. 7, 2022 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that Tom Rutledge, Chairman and Chief Executive Officer, will participate in the Goldman Sachs Communacopia + Technology Conference in San Francisco on Wednesday, September 14, 2022. Mr. Rutledge's remarks are scheduled to begin at 11:30 a.m. PT (2:30 p.m. ET).
A live webcast of the event can be accessed on Charter's investor relations website, ir.charter.com. Following the live broadcast, the webcast will be archived at ir.charter.com.
About Charter
Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator serving more than 32 million customers in 41 states through its Spectrum brand. Over an advanced communications network, the company offers a full range of state-of-the-art residential and business services including Spectrum Internet®, TV, Mobile and Voice.
For small and medium-sized companies, Spectrum Business® delivers the same suite of broadband products and services coupled with special features and applications to enhance productivity, while for larger businesses and government entities, Spectrum Enterprise provides highly customized, fiber-based solutions. Spectrum Reach® delivers tailored advertising and production for the modern media landscape. The company also distributes award-winning news coverage, sports and high-quality original programming to its customers through Spectrum Networks and Spectrum Originals. More information about Charter can be found at corporate.charter.com.
View original content to download multimedia:
SOURCE Charter Communications, Inc. | https://www.kxii.com/prnewswire/2022/09/07/charter-participate-goldman-sachs-investor-conference/ | 2022-09-07T16:23:30Z |
NEW YORK, Sept. 15, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in MINISO Group Holding Limited ("MINISO" or the "Company") (NYSE: MNSO) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of MINISO investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons or entities who purchased or otherwise acquired publicly traded MINISO securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with MINISO's October 2020 initial public offering. Follow the link below to get more information and be contacted by a member of our team:
MNSO investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) defendants and other undisclosed related parties owned and controlled a much larger amount of MINISO stores than previously stated; (2) as a result, MINISO concealed its true costs; (3) the Company did not represent its true business model; (4) defendants, including the Company and its chairman, engaged in planned unusual and unclear transactions; (5) as a result of at least one of these transactions, the Company is at risk of breaching contracts with People's Republic of China authorities; (6) the Company would imminently and drastically drop its franchise fees; and (7) as a result, defendant's statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
WHAT'S NEXT? If you suffered a loss in MINISO during the relevant time frame, you have until October 17, 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.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
View original content to download multimedia:
SOURCE Levi & Korsinsky, LLP | https://www.kxii.com/prnewswire/2022/09/15/mnso-lawsuit-alert-levi-amp-korsinsky-notifies-miniso-group-holding-limited-investors-class-action-lawsuit-upcoming-deadline/ | 2022-09-15T10:22:31Z |
Three new Classic plate designs, printed on silver sheeting.
AUSTIN, Texas, July 26, 2022 /PRNewswire/ -- My Plates, the official vendor for specialty license plates in Texas has launched three new Classic license plate designs, all printed on reflective "silver" sheeting. These new designs are available in three colors, Classic Blue Silver, Classic Pink Silver and the ever popular Classic Black Silver.
Each of these new designs will be available to personalize up to 7 characters, or Texans can also choose the background only option.
"It's our very popular Classic Texas look, trimmed out in Silver" said Steve Farrar, CEO/President of My Plates.
Texans wishing to purchase any of these new designs may do so by visiting www.MyPlates.com starting from only $50 a year or as low as $35 a year when purchased for a five-year term. You do not have to wait until you receive your registration renewal notice; you can order at any time.
Since November 2009, Texans have purchased more than 600,000 My Plates, putting more than $125M in the general revenue fund, which helps pay for services for all Texans.
My Plates designs and markets new specialty license plates as a vendor for the Texas Department of Motor Vehicles. My Plates' goal is to create a long-term, mutually beneficial relationship designed to maximize revenues for the state through the sale of My Plates specialty plates. Learn more at www.MyPlates.com.
The Texas Department of Motor Vehicles (TxDMV) is a dynamic state agency dedicated to customer service, consumer protection and the success of motor vehicle-related industries. For every $1 the agency spends, it returns more than $10 in state revenue. These funds are primarily used to build and maintain the state's roads and bridges. Each year the agency registers approximately 25 million vehicles; regulates vehicle dealers; credentials buses and big trucks for intrastate and interstate commerce; issues oversize and overweight permits; and awards grants to law enforcement agencies to reduce vehicle burglaries and thefts. Learn more at www.TxDMV.gov.
View original content to download multimedia:
SOURCE My Plates | https://www.kxii.com/prnewswire/2022/07/26/my-plates-officially-launches-three-new-classic-silver-license-plate-designs/ | 2022-07-26T10:32:07Z |
Veteran Ag Leader Brings Deep Experience in Manufacturing and Supply Chain Management
COLUMBUS, Ohio, July 19, 2022 /PRNewswire/ -- Veteran ag industry leader John Gertz has joined the senior management team at Meristem Crop Performance as Chief Operating Officer (COO). In the new role, Gertz will apply his deep experience in agribusiness, manufacturing and global supply chain operations management to boost Meristem's efforts to build the most efficient platform for driving farm business success and accelerating innovation.
"We've put together a team of passionate and proven agribusiness leaders to build a scalable platform to help our farm business partners deliver improved ROI for the growers they serve," said Mitch Eviston, Meristem Founder and CEO today in the announcement. "We are so excited and pleased to have John Gertz as part of the team and apply his unique skills and experiences to continue building our operational processes and infrastructure to assure Meristem customers get high-quality products accurately and on-time. I've admired John's work through the years and have learned firsthand of his knowledge, wisdom and integrity."
Gertz has a proven track record of product development advancement, business growth and team engagement throughout all levels of the chemical and specialty input industry. He has been working in the industry since 1995, starting in sales and marketing roles with basic discovery, post-patent products and crop nutritionals. He has shown consistent results in growing and scaling businesses and organizations in the industry. John holds Bachelor of Science and Master of Science degrees in agronomy and crop sciences from the University of Georgia. He and his wife Giovanna have raised two grown children. One is following her father's example in growing successful sales teams and the other proudly serving as a United States Marine.
In 2007, Gertz transitioned to the distribution side of the industry. Gertz's breadth of experience gives him a deep understanding of the needs of growers, farm businesses and channel partners. He comes to Meristem from Sipcam Agro USA, where he was the CEO. Before that, he helped lead a $750 million business at SiteOne Landscape Supply, LLC the largest distributor in the specialty turf and ornamental industry.
"We are in the midst of a unique time in crop production when innovation is much needed and can be made available if we make the right moves," said Gertz. "With Meristem Crop Performance, I look forward to being a part of a solution that will help more farm businesses get what they need to grow during a very difficult time in the supply chain. We will also source more innovative technology to push through the Meristem dealer partner channel."
Gertz said it's time to help locally-controlled and independent farm businesses by removing the waste and inefficiency caused by the traditional multi-step distribution model. He will move to Columbus, Ohio, home of Meristem Crop Performance in order to lead Meristem's growing operational team.
"Innovation follows market access and requires an 'always on' willingness to try new technology and new approaches," added Eviston. "We are quickly expanding our platform through dozens of dealers and partners with exposure on millions of acres and John's input and skill set will help us go further faster."
Meristem Crop Performance Group, LLC ( www.MeristemAg.com) is one of the fastest-growing crop input companies in America. Meristem sources, formulates and delivers high-quality products to farmers at the least cost possible, at savings up to 30 percent. By helping farmers and local independent agribusinesses make the most of their infrastructure and intellectual property investments, the company improves productivity and removes waste in the established distribution channel. Meristem is led by a world-class team of ag professionals passionate about creating the most efficient channel to move innovative practices and novel technologies to market for the benefit of the American Farmer.
Media Contact:
K. Elliott Nowels
kenowels@meristemag.com
Photo cutline:
John Gertz, COO
Meristem Crop Performance
View original content to download multimedia:
SOURCE Meristem Crop Performance Group, LLC | https://www.mysuncoast.com/prnewswire/2022/07/19/john-gertz-joins-meristem-team-chief-operating-officer/ | 2022-07-19T18:01:27Z |
LONDON, July 29, 2022 /PRNewswire/ -- Tetragon has published its 2022 Half Yearly Report. Please click below to access the report.
As a reminder, Tetragon will host a conference call today at 15:00 BST / 10:00 EDST to discuss the half-yearly report. During the call, Tetragon's investment manager will also seek to address questions raised by investors, including questions e-mailed to ir@tetragoninv.com.
Getting Access to the Call, Online Presentation and Q&A:
The audio portion of the conference call may be accessed by dialing +44 (0) 800 358 9473 in the U.K. and +1 855 857 0686 in the United States. Please be prepared to provide the Participant Pin Code 50507893#.
The call will be accompanied by a live presentation which can be viewed online by registering at the link below. In addition, questions can be submitted online while watching the presentation. You will still need to dial in to the audio portion of the call above if you choose to view the presentation online. We would encourage you to log in 15 minutes prior to the start of the call.
In addition, we will post the presentation PDF to the website approximately one hour prior to the start of the call.
About Tetragon:
Tetragon is a closed-ended investment company that invests in a broad range of assets, including public and private equities and credit (including distressed securities and structured credit), convertible bonds, real estate, venture capital, infrastructure, bank loans and TFG Asset Management, a diversified alternative asset management business. Where appropriate, through TFG Asset Management, Tetragon seeks to own all, or a portion, of asset management companies with which it invests in order to enhance the returns achieved on its capital. Tetragon's investment objective is to generate distributable income and capital appreciation. It aims to provide stable returns to investors across various credit, equity, interest rate, inflation and real estate cycles. The company's non-voting shares are traded on Euronext in Amsterdam, a regulated market of Euronext Amsterdam N.V., and on the Specialist Fund Segment of the main market of the London Stock Exchange. For more information please visit the company's website at www.tetragoninv.com.
This release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
This release does not contain or constitute an offer to sell or a solicitation of an offer to purchase securities in the United States or any other jurisdiction. The securities of Tetragon have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States or to U.S. persons unless they are registered under applicable law or exempt from registration. Tetragon does not intend to register any portion of its securities in the United States or to conduct a public offer of securities in the United States. In addition, Tetragon has not been and will not be registered under the U.S. Investment Company Act of 1940, and investors will not be entitled to the benefits of such Act. Tetragon is registered in the public register of the Netherlands Authority for the Financial Markets under Section 1:107 of the Financial Markets Supervision Act as a collective investment scheme from a designated country.
View original content:
SOURCE Tetragon Financial Group Limited | https://www.kxii.com/prnewswire/2022/07/29/tetragon-financial-group-limited-2022-half-yearly-report/ | 2022-07-29T07:15:32Z |
Acquisition strengthens North Carolina footprint
HALTOM CITY, Texas, Aug. 17, 2022 /PRNewswire/ -- BMS CAT is proud to announce the acquisition of Highland Construction. Highland has three operating locations in eastern North Carolina – the main branch is in Fayetteville, with facilities also in Raleigh and Wilmington. This acquisition gives BMS CAT four operating branches covering the state of North Carolina, including Charlotte. Highland has been in business since 1981, and provides residential and commercial services for mitigation and reconstruction.
"BMS CAT is pleased to announce our strategic acquisition of Highland Construction. We have viewed the North Carolina marketplace as a key geography in our company's growth strategy. Kenny Strickland has built a tremendous business over the last 41 years, and we are excited to merge our two rich cultures together as one company. By doing so, we will be able to provide the best restoration and construction services to our combined customers. Highland Construction's commitment to quality is exemplified through their remarkable team of employees," said Tom Head, President & CEO of Blackmon Mooring & BMS CAT.
"Highland's partnership with BMS CAT is an incredible opportunity for our employees, our customers, and the areas we serve. It allows us to take on bigger and more complex projects while maintaining our high-quality standards; It gives our team access to even greater professional opportunities; and, it gives our markets even more support when and where they need it most. It's a very exciting partnership," said Kenny Strickland, former President of Highland Construction.
Today's announcement is the eighth in a strategic plan of acquisitions to support BMS CAT growth. The company previously acquired North Carolina-based Diamond Restoration, Michigan-based Jarvis Restoration, Pennsylvania-based FireDEX of Pittsburgh, South Carolina-based CATCON, Pennsylvania-based Mellon Certified Restoration and Florida-based Guardian Restoration.
Started in 1948 as a furniture and dye shop, Blackmon Mooring has grown to become a leader in each service area it practices – from fire and water restoration to storm damage recovery. The earliest founders of Blackmon Mooring built their business on reliability, quality and superior customer service. In 1981, the company expanded its reach globally with the addition of the BMS CAT division and since then, it has responded to some of the world's most devastating disasters. Today, the company follows the same principles it was founded upon, and always remembers that the customer is the cornerstone of the business. www.blackmonmooring.com
View original content to download multimedia:
SOURCE Blackmon Mooring & BMS CAT | https://www.kxii.com/prnewswire/2022/08/17/bms-cat-acquires-highland-construction/ | 2022-08-17T14:29:11Z |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.