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- Record net sales of $474.2 million increased 10% compared to 1Q21 driven by higher selling prices
- Reported net income of $19.8 million and earnings per diluted share of $1.11
- Delivered $60.4 million of adjusted EBITDA and $1.42 of non-GAAP earnings per diluted share
CONSHOHOCKEN, Pa., May 5, 2022 /PRNewswire/ -- Quaker Houghton ("the Company") (NYSE: KWR), the global leader in industrial process fluids, today announced its first quarter 2022 results.
First Quarter 2022 Consolidated Results
First quarter 2022 net sales were a record of $474.2 million, an increase of 10% compared to $429.8 million in the prior year quarter primarily due to an increase in selling price and product mix of approximately 17% and additional net sales from acquisitions of 2%, slightly offset by a 6% decrease in organic sales volumes and a 3% unfavorable impact from foreign currency translation. The increase in selling price and product mix was primarily attributable to broad-based price increases in response to ongoing and unprecedented raw material and other supply chain-related inflationary pressures. The decline in organic sales volumes was primarily attributable to the comparison to a very strong first quarter of 2021, where customers replenished their supply chains due to the continued economic recovery from COVID-19 and, also, in the current quarter the Company experienced lower volumes related to the tolling agreement on previously divested products associated with the Quaker Houghton combination and lower sales volumes attributable to the war in Ukraine. The Company's organic sales volumes increased approximately 3% compared to the fourth quarter of 2021, as continued new business wins were partially offset by the Company's actions to strategically reduce volumes in accordance with its ongoing value-based pricing initiatives.
The Company generated net income in the first quarter of 2022 of $19.8 million or $1.11 per diluted share, compared to the prior year quarter net income of $38.6 million or $2.15 per diluted share. Excluding non-recurring and non-core items in each period, the Company's first quarter of 2022 non-GAAP earnings per diluted share was $1.42 compared to $2.11 in the prior year quarter. The Company's first quarter of 2022 adjusted EBITDA of $60.4 million declined compared to $77.1 million in the first quarter of 2021, as the increase in net sales was more than offset by lower gross margins primarily attributable to significant increases in raw material and other costs, compared to the prior year period. Sequentially, the Company's adjusted EBITDA was relatively flat.
Andy Tometich, Chief Executive Officer and President, commented, "We delivered record net sales in the first quarter of 2022 while navigating through significant supply chain disruptions, geopolitical issues and unprecedented inflationary pressures. Despite these broad market challenges, we continued to drive growth in the quarter by emphasizing the value of our expertise and differentiated offering. Our selling prices increased 17% compared to the first quarter of 2021 as we push to offset persistent cost pressures and ultimately recover our margins.
Looking ahead, we are implementing further aggressive and strategic pricing actions to mitigate the current and expected inflationary pressures on our business. While significant uncertainty exists, notably due to pandemic-related restrictions in China and the ongoing war in Ukraine, we are encouraged by the favorable demand profile and our ability to capture price. We are confident in our strategy and focused on executing our value enhancing initiatives aimed at improving our profitability, delivering our growth potential and generating solid free cash flow."
First Quarter 2022 Segment Results
The Company's first quarter 2022 operating performance in each of its four reportable operating segments: (i) Americas; (ii) Europe, Middle East and Africa ("EMEA"); (iii) Asia/Pacific; and (iv) Global Specialty Businesses, reflect similar drivers to that of its consolidated performance. First quarter performance of the Company's operating segments are further described below.
All four segments had higher net sales in the first quarter of 2022 compared to the first quarter of 2021, as each of the segments benefited from double-digit increases in selling price and product mix and additional net sales from acquisitions. By segment, organic sales volumes increased approximately 2% in Global Specialty Businesses compared to the prior year period, while the other segments all declined due to the impacts on volumes mentioned above, and the EMEA segment was also impacted by the unfavorable impact of foreign currency translation. Operating earnings from the Global Specialty Businesses increased compared to the prior year whereas the other segments declined due to continued raw material and other inflationary cost pressures impacting each segment's operating margins. All four segments had higher net sales in the first quarter of 2022 compared to the fourth quarter of 2021, as selling price benefitted all segments. All segments also had higher organic sales volumes except Asia/Pacific due to lower sequential activity in China.
Cash Flow and Liquidity Highlights
The Company had a net operating cash outflow of $6.3 million during the first quarter of 2022, an improvement compared to a net operating cash outflow of $12.6 million during the first quarter of 2021. The improvement was largely driven by improved working capital outflows compared to the prior year period despite higher inventory related to raw material cost increases.
As of March 31, 2022, the Company's total gross debt was $926.9 million and its cash and cash equivalents was $161.6 million. The Company's net debt was $765.3 million, and its net debt divided by its trailing twelve months adjusted EBITDA was approximately 3.0x as of March 31, 2022 compared to approximately 2.7x at year-end 2021. The increase in the Company's leverage ratio compared to year-end 2021 was primarily attributable to lower adjusted EBITDA year-over-year as described above.
Recent Acquisition Activity
During the first quarter of 2022, the Company completed two small acquisitions. The first acquisition was a business that provides pickling inhibitor technologies for the steel industry, drawing lubricants and stamping oil for the metalworking industry, as well as various other lubrication, rust preventative, and cleaner applications. The second acquisition was a business that provides sealing and impregnation of metal castings for the automotive sector, as well as impregnation resin and impregnation systems for metal parts. These acquisitions increase our technological capabilities and extend our geographic presence. In total, the Company's initial aggregate purchase price for these acquisitions was approximately $9.4 million, which is subject to post-closing adjustments.
Non-GAAP Measures and Reconciliations
The information included in this press release includes non-GAAP (unaudited) financial information that includes EBITDA, adjusted EBITDA, adjusted EBITDA margin, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income and non-GAAP earnings per diluted share. The Company believes these non-GAAP financial measures provide meaningful supplemental information as they enhance a reader's understanding of the financial performance of the Company, are indicative of future operating performance of the Company, and facilitate a comparison among fiscal periods, as the non-GAAP financial measures exclude items that are not indicative of future operating performance or not considered core to the Company's operations. Non-GAAP results are presented for supplemental informational purposes only and should not be considered a substitute for the financial information presented in accordance with GAAP.
The Company presents EBITDA which is calculated as net income attributable to the Company before depreciation and amortization, interest expense, net, and taxes on income before equity in net income of associated companies. The Company also presents adjusted EBITDA which is calculated as EBITDA plus or minus certain items that are not indicative of future operating performance or not considered core to the Company's operations. In addition, the Company presents non-GAAP operating income which is calculated as operating income plus or minus certain items that are not indicative of future operating performance or not considered core to the Company's operations. Adjusted EBITDA margin and non-GAAP operating margin are calculated as the percentage of adjusted EBITDA and non-GAAP operating income to consolidated net sales, respectively. The Company believes these non-GAAP measures provide transparent and useful information and are widely used by analysts, investors, and competitors in our industry as well as by management in assessing the operating performance of the Company on a consistent basis.
Additionally, the Company presents non-GAAP net income and non-GAAP earnings per diluted share as additional performance measures. Non-GAAP net income is calculated as adjusted EBITDA, defined above, less depreciation and amortization, interest expense, net, and taxes on income before equity in net income of associated companies, in each case adjusted, as applicable, for any depreciation, amortization, interest or tax impacts resulting from the non-core items identified in the reconciliation of net income attributable to the Company to adjusted EBITDA. Non-GAAP earnings per diluted share is calculated as non-GAAP net income per diluted share as accounted for under the "two-class share method." The Company believes that non-GAAP net income and non-GAAP earnings per diluted share provide transparent and useful information and are widely used by analysts, investors, and competitors in our industry as well as by management in assessing the operating performance of the Company on a consistent basis.
As it relates to 2022 projections for the Company, including the contributions from our recent acquisitions discussed under "Recent Acquisition Activity," as well as other forward-looking information described further above, the Company has not provided guidance for comparable GAAP measures or a quantitative reconciliation of forward-looking non-GAAP financial measures to the most directly comparable U.S. GAAP measure because it is unable to determine with reasonable certainty the ultimate outcome of certain significant items necessary to calculate such measures without unreasonable effort. These items include, but are not limited to, certain non-recurring or non-core items the Company may record that could materially impact net income, as well as the impact of COVID-19. These items are uncertain, depend on various factors, and could have a material impact on the U.S. GAAP reported results for the guidance period.
The Company's reference to trailing twelve months adjusted EBITDA within this press release refers to the twelve month period ended March 31, 2022 adjusted EBITDA of $257.4 million, which includes (i) the three months ended March 31, 2022 adjusted EBITDA of $60.4 million, as presented in the non-GAAP reconciliations below, and (ii) the twelve months ended December 31, 2021 adjusted EBITDA of $274.1 million, as presented in the non-GAAP reconciliations included in the Company's fourth quarter and full year 2021 results press release dated February 24, 2022, less (iii) the three months ended March 31, 2021 adjusted EBITDA of $77.1 million, as presented in the non-GAAP reconciliations below.
The following tables reconcile the Company's non-GAAP financial measures (unaudited) to their most directly comparable GAAP (unaudited) financial measures (dollars in thousands unless otherwise noted, except per share amounts):
Segment Measures and Reconciliations
The Company's operating segments, which are consistent with its reportable segments, reflect the structure of the Company's internal organization, the method by which the Company's resources are allocated and the manner by which the chief operating decision maker assesses the Company's performance. The Company has four reportable segments: (i) Americas; (ii) EMEA; (iii) Asia/Pacific; and (iv) Global Specialty Businesses. The three geographic segments are composed of the net sales and operations in each respective region, excluding net sales and operations managed globally by the Global Specialty Businesses segment, which includes the Company's container, metal finishing, mining, offshore, specialty coatings, specialty grease and Norman Hay businesses. Segment operating earnings for each of the Company's reportable segments are comprised of the segment's net sales less directly related COGS and selling, general and administrative expenses. Operating expenses not directly attributable to the net sales of each respective segment, such as certain corporate and administrative costs, Combination, integration and other acquisition-related expenses, and Restructuring and related charges, are not included in segment operating earnings. Other items not specifically identified with the Company's reportable segments include interest expense, net and other (expense) income, net.
The following tables reconcile the Company's reportable operating segments performance to that of the Company (dollars in thousands):
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements can be identified by the fact that they do not relate strictly to historical or current facts. We have based these forward-looking statements, including statements regarding the potential effects of the COVID-19 pandemic, the Russia and Ukraine conflict, inflation and global supply chain constraints on the Company's business, results of operations, and financial condition, our expectations that we will maintain sufficient liquidity and remain in compliance with the terms of the Company's credit facility, expectations about future demand and raw material costs, and statements regarding the impact of increased raw material costs and pricing initiatives, on our current expectations about future events. These forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, intentions, financial condition, results of operations, future performance, and business, including but not limited to the potential benefits of the Combination and other acquisitions, the impacts on our business as a result of the COVID-19 pandemic and global supply chain constraints, and our current and future results and plans and statements that include the words "may," "could," "should," "would," "believe," "expect," "anticipate," "estimate," "intend," "plan" or similar expressions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected in such statements. A major risk is that demand for the Company's products and services is largely derived from the demand for its customers' products, which subjects the Company to uncertainties related to downturns in a customer's business and unanticipated customer production slowdowns and shutdowns, including as is currently being experienced by many automotive industry companies as a result of supply chain disruptions. Other major risks and uncertainties include, but are not limited to, the primary and secondary impacts of the COVID-19 pandemic, including actions taken in response to the pandemic by various governments, which could exacerbate some or all of the other risks and uncertainties faced by the Company, including the potential for significant increases in raw material costs, supply chain disruptions, customer financial instability, worldwide economic and political disruptions, including the impacts of the military conflict between Russia and Ukraine, the economic and other sanctions imposed by other nations on Russia, suspensions of activities in Russia by many multinational companies and the potential expansion of military activity, foreign currency fluctuations, significant changes in applicable tax rates and regulations, future terrorist attacks and other acts of violence. Furthermore, the Company is subject to the same business cycles as those experienced by our customers in the steel, automobile, aircraft, industrial equipment, and durable goods industries. The ultimate impact of COVID-19 on our business will depend on, among other things, the extent and duration of the pandemic, the severity of the disease and the number of people infected with the virus including new variants, the continued uncertainty regarding global availability, administration, acceptance and long-term efficacy of vaccines, or other treatments for COVID-19 or its variants, the longer-term effects on the economy of the pandemic, including the resulting market volatility, and by the measures taken by governmental authorities and other third parties restricting day-to-day life and business operations and the length of time that such measures remain in place, as well as laws and other governmental programs implemented to address the pandemic or assist impacted businesses, such as fiscal stimulus and other legislation designed to deliver monetary aid and other relief. Other factors could also adversely affect us, including those related to the Combination and other acquisitions and the integration of acquired businesses. Our forward-looking statements are subject to risks, uncertainties and assumptions about the Company and its operations that are subject to change based on various important factors, some of which are beyond our control. These risks, uncertainties, and possible inaccurate assumptions relevant to our business could cause our actual results to differ materially from expected and historical results. All forward-looking statements included in this press release, including expectations about business conditions during 2022 and future periods, are based upon information available to the Company as of the date of this press release, which may change. Therefore, we caution you not to place undue reliance on our forward-looking statements. For more information regarding these risks and uncertainties as well as certain additional risks that we face, refer to the Risk Factors section, which appears in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2021, our Quarterly Report on Form 10-Q for the period ended March 31, 2022, and in subsequent reports filed from time to time with the Securities and Exchange Commission. We do not intend to, and we disclaim any duty or obligation to, update or revise any forward-looking statements to reflect new information or future events or for any other reason. This discussion is provided as permitted by the Private Securities Litigation Reform Act of 1995.
Conference Call
As previously announced, the Company's investor conference call to discuss its first quarter 2022 performance is scheduled for May 6, 2022 at 8:30 a.m. ET. A live webcast of the conference call, together with supplemental information, can be accessed through the Company's Investor Relations website at investors.quakerhoughton.com. You can also access the conference call by dialing 877-269-7756.
About Quaker Houghton
Quaker Houghton is the global leader in industrial process fluids. With a presence around the world, including operations in over 25 countries, our customers include thousands of the world's most advanced and specialized steel, aluminum, automotive, aerospace, offshore, can, mining, and metalworking companies. Our high-performing, innovative and sustainable solutions are backed by best-in-class technology, deep process knowledge and customized services. With approximately 4,700 employees, including chemists, engineers and industry experts, we partner with our customers to improve their operations so they can run even more efficiently, even more effectively, whatever comes next. Quaker Houghton is headquartered in Conshohocken, Pennsylvania, located near Philadelphia in the United States. Visit quakerhoughton.com to learn more.
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Triple-threat storm is potentially bringing more strong winds, tornadoes and flooding to Southeast
By Aya Elamroussi, CNN
A powerful storm is shaping up to deliver a possible triple threat of wind, tornadoes and flooding to parts of the South Wednesday as the region continues to recover from the impact of back-to-back severe weather systems.
More than 45 million people are under an enhanced severe weather threat (level 3 of 5) across the Southeast, where parts of Georgia, Alabama, Tennessee and the western Carolinas could see damaging winds and a few tornadoes.
A flood watch is also in effect for more than 2 million people in areas of Georgia and Florida Wednesday morning to Thursday morning. The forecast shows 2 to 4 inches of widespread rainfall is expected, with some isolated areas getting around 5 inches.
“Conditions for the Southeast will begin to deteriorate as the storms begin to pop up as early as 10:30 a.m., with storms becoming more consistent starting at 2:00 p.m. and continuing into the evening and early Thursday morning,” CNN meteorologist Rob Shackelford said.
The storm system comes as parts of the region are still in recovery mode from recent consecutive severe weather events, including tornadoes and treacherous thunderstorms.
Monday and Tuesday brought a double-whammy of severe storms and dozens of tornado reports across Texas, Georgia, South Carolina, Mississippi and Alabama — downing trees and power lines as well as damaging homes and businesses.
The storms Tuesday killed at least one person in Georgia and another person in Texas, local officials said.
A man in East Texas was killed when a tree fell on an RV in the community of Whitehouse, the Smith County emergency management coordinator said.
Another person died in Bryan County, Georgia, as severe weather swept through the area, local officials said. The county, which is near Savannah, declared a state of emergency due to the impacts of a tornado and set a curfew through early Wednesday morning, officials said.
An EF-2 tornado went through Johnson County, Texas, south of Fort Worth Monday evening, the National Weather Service said. The NWS also confirmed an EF-1 tornado in Collin County and an EF-0 tornado in Johnson County.
A preliminary survey found four EF-1 tornadoes hit Mississippi Tuesday, the NWS said.
Storm’s path across South
As the storm makes its way across the battered South, different areas will feel its effects at different times.
Beginning Wednesday around 10:30 a.m., the Atlanta metro area and the remainder of Georgia can expect to see the strongest possibility for tornadoes, damaging wind gusts and large hail, Shackelford said. These threats are expected to impact the state through midnight.
Later Wednesday, Nashville and parts of Alabama — including Montgomery and Birmingham — are also under the same triple-threat beginning at 1 p.m. through 11 p.m.
As for the Carolinas, the greatest threats are tornadoes and damaging winds, with less of a possibility for hail compared to their neighbor states — though it can’t be ruled out.
Charleston, South Carolina, can expect to see severe conditions beginning around 6 p.m. through early Thursday. Meanwhile, Charlotte and Raleigh in North Carolina may potentially see severe storms begin around midnight, with improvements by 7 a.m. Thursday.
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CNN’s Robert Shackelford, Dave Alsup, Gene Norman, Rebekah Riess and Jason Janna contributed to this report. | https://localnews8.com/news/2022/04/06/triple-threat-storm-is-potentially-bringing-more-strong-winds-tornadoes-and-flooding-to-southeast/ | 2022-04-06T08:52:52Z |
TE Connectivity announces third quarter results for fiscal year 2022
Published: Jul. 27, 2022 at 5:00 AM CDT|Updated: 1 hour ago
EPS growth and record sales above expectations, with growth across all segments
SCHAFFHAUSEN, Switzerland, July 27, 2022 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal third quarter ended June 24, 2022.
Third Quarter Highlights
Net sales were $4.1 billion, up 7% on a reported basis and 11% organically year over year, with strong growth across all segments.
Orders of $4.2 billion with a book to bill of 1.02 and backlog up more than 20% year over year, reflecting continued strong customer demand.
GAAP diluted earnings per share (EPS) from continuing operations were $1.83, up 5% year over year, and adjusted EPS were $1.86, up 4% year over year.
Cash flow from operating activities was $579 million, with approximately $500 million returned to shareholders.
Issued Connecting Our World Report, which highlights 30% reduction in absolute GHG emissions in fiscal year 2021 and other ESG achievements.
"I am pleased with our record third quarter performance and the strong execution by our global teams to once again deliver sales and EPS growth above expectations in what continues to be a dynamic macro environment," said TE Connectivity CEO Terrence Curtin. "We saw broad growth across all segments, with every one of our businesses growing organically, demonstrating the strength and strategic positioning of our portfolio as we consistently expand our leadership in long-term growth and sustainability trends including electric vehicles, cloud computing, factory automation and renewable energy. We continue to outperform the market – both through content growth and share gains – as our customers seek out our technology and solutions to enable an increasingly connected and electrified world. Our orders remain strong, and I am confident in our ability to continue navigating broader macro challenges to effectively serve our customers and secure design wins that will drive future growth."
Fourth Quarter FY22 Outlook For the fourth quarter of fiscal 2022, the company expects net sales of approximately $4.2 billion, reflecting an approximate 10% increase on a reported basis and an approximate 15% increase on an organic basis year over year. GAAP EPS from continuing operations are expected to be approximately $1.79, down 25% year over year, with adjusted EPS of approximately $1.85, up 9% year over year. The outlook includes the impact of an extra week in the fourth quarter.
Information about TE Connectivity's use of non-GAAP financial measures is provided below. For reconciliations of these non-GAAP financial measures, see the attached tables.
Conference Call and Webcast The company will hold a conference call today beginning at 8:30 a.m. ET. The dial-in information is provided here:
By telephone: For both "listen-only" participants and those participants who wish to take part in the question-and-answer portion of the call, the dial-in number in the United States is (888) 330-3417 and for international callers, the dial-in number is (646) 960-0804
A replay of the conference call will be available on TE Connectivity's investor website at investors.te.com at 11:30 a.m. ET on July 27, 2022.
About TE Connectivity TE Connectivity Ltd. (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. Our broad range of connectivity and sensor solutions, proven in the harshest environments, enable advancements in transportation, industrial applications, medical technology, energy, data communications, and the home. With more than 85,000 employees, including over 8,000 engineers, working alongside customers in approximately 140 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Twitter.
Non-GAAP Financial Measures We present non-GAAP performance and liquidity measures as we believe it is appropriate for investors to consider adjusted financial measures in addition to results in accordance with accounting principles generally accepted in the U.S. ("GAAP"). These non-GAAP financial measures provide supplemental information and should not be considered replacements for results in accordance with GAAP. Management uses non-GAAP financial measures internally for planning and forecasting purposes and in its decision-making processes related to the operations of our company. We believe these measures provide meaningful information to us and investors because they enhance the understanding of our operating performance, ability to generate cash, and the trends of our business. Additionally, we believe that investors benefit from having access to the same financial measures that management uses in evaluating our operations. The primary limitation of these measures is that they exclude the financial impact of items that would otherwise either increase or decrease our reported results. This limitation is best addressed by using these non-GAAP financial measures in combination with the most directly comparable GAAP financial measures in order to better understand the amounts, character, and impact of any increase or decrease in reported amounts. These non-GAAP financial measures may not be comparable to similarly-titled measures reported by other companies.
The following provides additional information regarding our non-GAAP financial measures:
Organic Net Sales Growth (Decline) – represents net sales growth (decline) (the most comparable GAAP financial measure) excluding the impact of foreign currency exchange rates, and acquisitions and divestitures that occurred in the preceding twelve months, if any. Organic Net Sales Growth (Decline) is a useful measure of our performance because it excludes items that are not completely under management's control, such as the impact of changes in foreign currency exchange rates, and items that do not reflect the underlying growth of the company, such as acquisition and divestiture activity. This measure is a significant component in our incentive compensation plans.
Adjusted Operating Income and Adjusted Operating Margin – represent operating income and operating margin, respectively, (the most comparable GAAP financial measures) before special items including restructuring and other charges, acquisition-related charges, impairment of goodwill, and other income or charges, if any. We utilize these adjusted measures in combination with operating income and operating margin to assess segment level operating performance and to provide insight to management in evaluating segment operating plan execution and market conditions. Adjusted Operating Income is a significant component in our incentive compensation plans.
Adjusted Other Income (Expense), Net – represents net other income (expense) (the most comparable GAAP financial measure) before special items including tax sharing income related to adjustments to prior period tax returns and other items, if any.
Adjusted Income Tax (Expense) Benefit and Adjusted Effective Tax Rate – represent income tax (expense) benefit and effective tax rate, respectively, (the most comparable GAAP financial measures) after adjusting for the tax effect of special items including restructuring and other charges, acquisition-related charges, impairment of goodwill, other income or charges, and certain significant tax items, if any.
Adjusted Income from Continuing Operations – represents income from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, impairment of goodwill, tax sharing income related to adjustments to prior period tax returns and other tax items, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects.
Adjusted Earnings Per Share – represents diluted earnings per share from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, impairment of goodwill, tax sharing income related to adjustments to prior period tax returns and other tax items, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects. This measure is a significant component in our incentive compensation plans.
Free Cash Flow (FCF) – is a useful measure of our ability to generate cash. The difference between net cash provided by operating activities (the most comparable GAAP financial measure) and Free Cash Flow consists mainly of significant cash outflows and inflows that we believe are useful to identify. We believe Free Cash Flow provides useful information to investors as it provides insight into the primary cash flow metric used by management to monitor and evaluate cash flows generated from our operations. Free Cash Flow is defined as net cash provided by operating activities excluding voluntary pension contributions and the cash impact of special items, if any, minus net capital expenditures. Voluntary pension contributions are excluded from the GAAP financial measure because this activity is driven by economic financing decisions rather than operating activity. Certain special items, including net payments related to pre-separation tax matters and cash paid (collected) pursuant to collateral requirements related to cross-currency swap contracts, are also excluded by management in evaluating Free Cash Flow. Net capital expenditures consist of capital expenditures less proceeds from the sale of property, plant, and equipment. These items are subtracted because they represent long-term commitments. In the calculation of Free Cash Flow, we subtract certain cash items that are ultimately within management's and the Board of Directors' discretion to direct and may imply that there is less or more cash available for our programs than the most comparable GAAP financial measure indicates. It should not be inferred that the entire Free Cash Flow amount is available for future discretionary expenditures, as our definition of Free Cash Flow does not consider certain non-discretionary expenditures, such as debt payments. In addition, we may have other discretionary expenditures, such as discretionary dividends, share repurchases, and business acquisitions, that are not considered in the calculation of Free Cash Flow.
Forward-Looking Statements This release contains certain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words "anticipate," "believe," "expect," "estimate," "plan," and similar expressions are generally intended to identify forward-looking statements. We have no intention and are under no obligation to update or alter (and expressly disclaim any such intention or obligation to do so) our forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by law. The forward-looking statements in this release include statements addressing our future financial condition and operating results, and the impact on our operations resulting from the coronavirus disease 2019 ("COVID-19"). Examples of factors that could cause actual results to differ materially from those described in the forward-looking statements include, among others, the extent, severity and duration of COVID-19 negatively affecting our business operations; business, economic, competitive and regulatory risks, such as conditions affecting demand for products in the automotive and other industries we serve; competition and pricing pressure; fluctuations in foreign currency exchange rates and commodity prices; natural disasters and political, economic and military instability in countries in which we operate, including continuing military conflict between Russia and Ukraine resulting from Russia's invasion of Ukraine or escalating tensions in surrounding countries; developments in the credit markets; future goodwill impairment; compliance with current and future environmental and other laws and regulations; and the possible effects on us of changes in tax laws, tax treaties and other legislation, including the effects of Swiss tax reform. In addition, the extent to which COVID-19 will impact our business and our financial results will depend on future developments, which are highly uncertain and cannot be predicted. Such developments may include the geographic spread of the virus, the severity of the virus, the duration of the outbreak, the impact on our suppliers' and customers' supply chains, the actions that may be taken by various governmental authorities in response to the outbreak in jurisdictions in which we operate, and the possible impact on the global economy and local economies in which we operate. More detailed information about these and other factors is set forth in TE Connectivity Ltd.'s Annual Report on Form 10-K for the fiscal year ended Sept. 24, 2021 as well as in our Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed by us with the U.S. Securities and Exchange Commission.
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.wibw.com/prnewswire/2022/07/27/te-connectivity-announces-third-quarter-results-fiscal-year-2022/ | 2022-07-27T11:03:59Z |
NEW YORK (AP) — Social platforms have learned to remove violent videos of extremist shootings more quickly over the past few years. It’s just not clear they’re moving quickly enough.
Police say that when a white gunman killed 10 people and wounded three others — most of them Black — in a “racially motivated violent extremist” shooting in Buffalo Saturday, he livestreamed the attack to the gaming platform Twitch, which is owned by Amazon. It didn’t stay there long; a Twitch spokesperson said it removed the video in less than two minutes.
That’s considerably faster than the 17 minutes Facebook needed to take down a similar video streamed by a self-described white supremacist who killed 51 people in two New Zealand mosques in 2019. But versions of the Buffalo shooting video still quickly spread to other platforms, and they haven’t always disappeared quickly.
In April, Twitter enacted a new policy on “perpetrators of violent attacks” to remove accounts maintained by “individual perpetrators of terrorist, violent extremist, or mass violent attacks,” along with tweets and other material produced by perpetrators of such attacks. On Sunday, though, clips of the video were still circulating on the platform.
One clip purporting to display a first-person view of the gunman moving through a supermarket firing at people was posted to Twitter at 8:12 a.m. Pacific time, and was still viewable more than four hours later.
Twitter said Sunday it was working to remove material related to the shooting that violates its rules. But the company added that when people share media to condemn it or provide context, sharing videos and other material from the shooter may not be a rules violation. In these cases, Twitter said it covers images or videos with a “sensitive material” cover that users have to click through in order to view them.
But later Sunday, Twitter changed course on how it was treating material related to the shooting. In a subsequent emailed statement, the company said it is “removing videos and media related to the incident” and “may remove” tweets disseminating the shooter’s writings. Earlier, the company’s statement said it “may” remove material produced by perpetrators.
“We believe the hateful and discriminatory views promoted in content produced by perpetrators are harmful for society and that their dissemination should be limited in order to prevent perpetrators from publicizing their message,” Twitter said in a statement.
At a news conference following the attack, New York Gov, Kathy Hochul said social media companies must be more vigilant in monitoring what happens on their platforms and found it inexcusable the livestream wasn’t taken down “within a second.”
“The CEOs of those companies need to be held accountable and assure all of us that they’re taking every step humanly possible to be able to monitor this information,” Hochul said Sunday on ABC’s “This Week.” “How these depraved ideas are fermenting on social media – it’s spreading like a virus now.”
Hochul said she holds companies responsible for “fomenting” racist views. “People are sharing these ideas. They’re sharing videos of other attacks. And they’re all copycat. They all want to be the next great white hope that’s going to inspire the next attack,” she said on NBC’s “Meet the Press.”
A law enforcement official told The Associated Press that investigators were also looking into a diatribe the gunman posted online, which purports to outline the attacker’s racist, anti-immigrant and anti-Semitic beliefs, including a desire to drive all people not of European descent from the U.S.
Police said the suspected gunman, identified as Payton Gendron, of Conklin, New York, shot 11 Black and two white victims in a Buffalo supermarket, echoing a deadly attack in a German synagogue that was also streamed on Twitch in October 2019..
Twitch is popular among video game players and has played a key role in boosting the spread of esports. A company spokesperson said the company has a “zero-tolerance policy” against violence. So far, the company hasn’t revealed details around the user page or the livestream, including how many people were watching it. The spokesperson said the company has taken the account offline and is monitoring any others who might rebroadcast the video.
In Europe, a senior European Union official with oversight of digital affairs for the 27-nation bloc said Sunday that the livestreaming on Twitch showed the need for administrators to continue working with online platforms so that any future broadcasts of killings can be quickly shut down.
But Margrethe Vestager, who is an executive vice-president of the European Commission, also said it would be a stiff challenge to stamp out such broadcasts completely.
“It’s really difficult to make sure that it’s completely waterproof, to make sure that this will never happen and that people will be closed down the second they would start a thing like that. Because there’s a lot of livestreaming which, of course, is 100% legitimate,” she said an interview with The Associated Press.
“The platforms have done a lot to get to the root of this. They are not there yet,” she added. “But they keep working and we will keep working.”
Meta, which owns Facebook and Instagram, said Sunday that it quickly designated the shooting as a “terrorist attack” on Saturday, which triggered an internal process that identifies the suspect’s account, as well as copies of his writings and any copy of or link to video of his attack.
The company said it has removed the video of the shooting from the platform and added that instances of it still being shared are through links to streaming sites. These links, in turn, are blocked and “blackholed” by the company, meaning they can’t be uploaded again.
But new links created as people upload copies to outside sites would have to be individually blocked in a game of cat and mouse — unless the company choses to block an entire streaming site from its platform, which is unlikely.
Jared Holt, a resident fellow at Atlantic Council’s Digital Forensic Research Lab, said live-content moderation continues to be a big challenge for companies. He noted Twitch’s response time was good and the company was smart to watch their platform for potential re-uploads.
“It would behoove other video hosting platforms to also be aware of this content to the extent that it may have been recorded – may also be republished on their own products,” Holt said.
__
AP technology reporter Barbara Ortutay contributed to this story from Oakland, Calif.; AP reporter John Leicester contributed from Paris. | https://cw33.com/technology/ap-technology/social-media-yanking-shooting-videos-faster-if-not-by-much/ | 2022-05-15T23:54:17Z |
Officials: 4 dead, 2 hurt in Pennsylvania home explosion
Published: May. 27, 2022 at 5:07 AM CDT|Updated: 42 minutes ago
POTTSTOWN, Pa. (AP) — Authorities say at least four people have been killed, and others might still be missing after a house explosion in a suburb northwest of Philadelphia.
Pottstown Borough Manager Justin Keller confirmed in a press conference that the explosion occurred Thursday just after 8 p.m. in Pottstown, about 40 miles northwest of Philadelphia.
Two other people were hospitalized. Their conditions are unknown.
It is not immediately known what caused the explosion.
Police have not yet named those who were killed or injured in the explosion.
No additional details have been released.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/05/27/officials-4-dead-2-hurt-pennsylvania-home-explosion/ | 2022-05-27T10:50:21Z |
The coveted title comes with a lifetime supply of free bacon
VERNON, Texas, July 18, 2022 /PRNewswire/ -- Every town needs a mayor. And Wright Brand is searching for a mayor with a unique set of qualifications. In honor of 100 years of Bacon the Wright Way®, Vernon, Texas is renaming its hometown Bacon City, USA for the weekend of September 16-17, 2022. Wright Brand is launching a nationwide search to find the country's biggest bacon fan and bestow them with the prestigious title of Mayor of Bacon City, USA. Added perks include a lifetime supply of Wright Brand bacon.
The winning applicant and one guest will receive a two-night trip to the 100th anniversary celebration and mayoral induction in Bacon City, USA.
To apply for the job of Mayor of Bacon City, USA submit a one-minute video about your unique qualifications and why you deserve the coveted title. Consider submitting a bacon ballad, a sizzling dance, a bacon-wrapped rap or a poem or another performance that captures your love for bacon. The more creative the video, the greater the chance of securing the title. See official rules for more details. Applications will be accepted now through July 31, 2022.
The Mayor of Bacon City, USA will receive VIP access to the festival which celebrates the brand's rich history in Vernon and all things bacon. The one-day event on September 16 will feature a food truck competition and other activities across town. To close out the celebration, the beloved Texas-based country group, The Randy Rogers Band, will perform live.
To learn more about Wright Brand's 100th anniversary visit WrightBrand.com or follow along with #Wright100 and visit the brand @WrightBrand on Instagram, and @WrightBacon on Twitter.
About Wright® Brand
Rich in both tradition and flavor, the bold taste of Wright Brand bacon has been savored since Roy Wright and Fay Eggleston handcrafted their first batch in 1922. It's a history of doing things a certain way, and one we don't plan on changing. Wright Brand bacon including Hickory, Applewood, Double Smoked and Maple offerings are all hand-selected, hand-trimmed and 100% wood smoked to impart deliciously and uncompromising rich flavors. It's thick cut Bacon the Wright Way®. For more information on Wright Brand, including product offerings and delicious bacon recipe ideas, visit WrightBrand.com.
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SOURCE Wright Brand Bacon | https://www.kxii.com/prnewswire/2022/07/18/must-love-bacon-wright-brand-launches-nationwide-search-mayor-bacon-city-usa/ | 2022-07-18T14:52:07Z |
SAN FRANCISCO, July 18, 2022 /PRNewswire/ -- Demandbase, the Smarter GTM™ company for B2B brands, today announces that it has been honored as one of the 2022 Best Workplaces for Millennials by Great Place to Work® and Fortune magazine, ranking 12th out of the top 100. Earning this spot confirms that Demandbase is one of the best companies to work for in the country. The honor demonstrates Demandbase's commitment to the growth, development, and well-being of each and every employee.
Great Place to Work measured the differences in over 413,000 Millennials' survey responses to those of other generations taken from America's largest ongoing annual workforce study. This spans over 1 million employee survey responses, with data from companies that represent more than 6.1 million U.S. employees. In that survey, 97% of Demandbase's employees said Demandbase is a great place to work. This number is 40% higher than the average U.S. company.
"There are a lot of companies that claim they are a great place to work by creatively adding words like inclusivity, diversity, etc. into their mission and vision statements. The problem is that most don't deliver," said Alli Macmanus, manager, sales development and enablement at Demandbase. "I'm lucky to work for Demandbase that walks out its promises and missions. As a millennial employee, I get to experience it first hand as I continue to grow my career."
The Best Workplaces for Millennials list is highly competitive. Great Place to Work, the global authority on workplace culture, selected the list using rigorous analytics and confidential employee feedback. Companies were only considered if they are a Great Place to Work-Certified™ organization. Great Place to Work is the only company culture award in America that selects winners based on how fairly employees are treated. Companies are assessed on how well they are creating a great employee experience that cuts across race, gender, age, disability status, or any aspect of who employees are or what their role is.
"Every junior and senior leader at Demandbase is in tune with the unique needs and passions of millennials. Whether you enjoy being an individual contributor or want to start a leadership track, Demandbase will accommodate each, and actively work with you to grow both personally and professionally thanks to a dedicated team that specializes in learning and development," said Russ Martin, director of product marketing at Demandbase. "Our company also actively identifies and encourages cross-department moves when employees want to contribute in different ways. The culture is hard to quantify, but over the years that I've been here, there's a consistent trend of good policy decisions, open leadership, and general happiness about the current and future state of the company."
In 2022, Demandbase also ranked as a Best Place to Work in the Bay Area™ by Fortune magazine and Great Place to Work® and the number one Best Places to Work in the Bay Area, Large Category, by the San Francisco Business Times. The latter win marked the seventh year for Demandbase being named in the annual ranking.
About Demandbase
Demandbase is Smarter GTM™ for B2B brands. We help marketing and sales teams spot the juiciest opportunities earlier and progress them faster by injecting Account Intelligence into every step of the buyer journey and orchestrating every action. For more information about Demandbase, visit www.demandbase.com.
About the Best Workplaces for Millennials™
Great Place to Work selected the Best Workplaces for Millennials by gathering and analyzing over 1 million confidential survey responses and data from companies representing more than 6.1 million U.S. employees at Great Place to Work-Certified™ organizations. Company rankings are derived from 60 employee experience questions within the Great Place to Work Trust Index™ survey. Read the full methodology. To get on this list next year, start here.
About Great Place to Work®
Great Place to Work is the global authority on workplace culture. Since 1992, it has surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Its employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything it does is driven by the mission to build a better world by helping every organization become a great place to work For All™. Learn more at greatplacetowork.com and on LinkedIn, Twitter, Facebook and Instagram.
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SOURCE Demandbase | https://www.mysuncoast.com/prnewswire/2022/07/18/fortune-great-place-work-name-demandbase-one-2022-best-workplaces-millennials/ | 2022-07-18T19:11:19Z |
(NewsNation) — Homebuyers are backing out of sales at the highest rate since the start of the COVID-19 pandemic, a new report from Redfin says.
Nationwide, about 60,000 home-purchase agreements fell through in June, which is equal to 14.9% of homes that went under contract that same month, according to Redfin. This is the highest percentage on record, the report said, excluding March and April 2020, when the housing market slowed immensely after the onset of the pandemic. Before the pandemic, the highest rate of cancellations was about 11%, NewsNation business contributor and New York Post reporter Lydia Moynihan said.
Redfin partly attributes the contract cancellations to a slowing housing market that gives buyers more room to negotiate deals.
“Buyers are increasingly keeping rather than waiving inspection and appraisal contingencies,” Redfin Deputy Chief Economist Taylor Marr said. “That gives them the flexibility to call the deal off if issues arise during the homebuying process.”
People are also being forced to cancel contracts because they can’t afford higher mortgage rates. The New York Times reported that the Federal Reserve’s decision to raise interest rates in an attempt to contain rising inflation has pushed up mortgage costs and pushed out many first-time buyers.
“If rates were at 5% when you made an offer, but reached 5.8% by the time the deal was set to close, you may no longer be able to afford that home or you may no longer qualify for a loan,” Marr said.
CNBC said Lennar, which is one of the United States’ largest homebuilders, had a cancellation rate that increased sequentially to 11.8%, although that is still below its long-term historical average. To make up for falling demand due to these rising interest rates, Lennar has reported increasing its incentives, CNBC said.
Moynihan said all this underscores how nervous people are about making a big purchase these days.
“They don’t know if we’re going to go into a recession. They’re worried they could lose their jobs. There are just too many question marks to make this kind of a commitment,” she said. “People are paring back on little purchases. So how much more are they going to pare back on big purchases?”
Moynihan expects mortgage rates to keep going up, especially as the federal reserve considers another interest rate hike. The New York Times reports that the Fed is steering toward another three-quarter-point increase. | https://cw33.com/news/homebuyers-canceling-sales-at-highest-rate-since-covid-began/ | 2022-07-12T21:08:51Z |
TORONTO, April 12, 2022 /PRNewswire/ - SoftwareReviews, a leading source for insights on the software provider landscape, has published its Robotic Process Automation (RPA) Emotional Footprint. Four providers have been identified as Champions.
RPA is a low-code implementation that follows prescribed rules to carry out repetitive and well-defined business processes. These software solutions interact with data sources, either structured or unstructured, through application user interfaces. RPA bots perform queries, calculations, transaction reconciliation, and transcription issue exception notifications.
"RPA is a great way to introduce automation without the headaches of traditional technologies," says Senior Research Analyst Andrew Kum-Seun. "Enhancements in low-code and no-code, artificial intelligence, machine learning, and digitization capabilities (e.g., optical character recognition) have extended RPA accessibility into the business and made it an enabler of digital transformation beyond script-based automation."
The Net Emotional Footprint (NEF) of each software provider is a result of aggregated emotional response ratings across the areas of service, negotiation, product impact, conflict resolution, strategy, and innovation. The NEF is a powerful indicator of overall user sentiment toward the provider and its product from the software user's point of view.
The 2022 Robotic Process Automation Software Champions are as follows::
- UiPath, +97 NEF, has excelled in helping clients with strategy and innovation with its process automation.
- Automation Anywhere, +93 NEF, has been recognized for creating business value by saving time for its clients.
- Blue Prism, +91 NEF, is loved by clients for overdelivering on services.
- Automate, +88 NEF, has been appreciated by its clients for enabling productivity and creating a huge product impact.
To learn more about Robotic Automation Process software, visit its dedicated category page.
For more information about SoftwareReviews, the Data Quadrant or Emotional Footprint, or to access resources to support the software selection process, visit www.softwarereviews.com and connect via LinkedIn, Twitter, and Facebook.
SoftwareReviews' comprehensive software reviews provide the most accurate and detailed view of a complicated and ever-changing market. The data comes from real end users who use the software day in and day out and IT professionals who have worked with it intimately through procurement, implementation, and maintenance.
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SOURCE SoftwareReviews | https://www.mysuncoast.com/prnewswire/2022/04/12/2022s-best-robotic-process-automation-software-named-by-softwarereviews/ | 2022-04-12T14:40:36Z |
BATTLE CREEK, Mich., July 29, 2022 /PRNewswire/ -- Kellogg Company (NYSE: K) today announced that its Board of Directors declared a dividend of $0.59 per share on the common stock of the Company, payable on September 15, 2022, to shareowners of record at the close of business on September 1, 2022. As the Company previously announced in April, this reflects a 2 percent increase to the quarterly dividend. The ex-dividend date is August 31, 2022. This is the 391st dividend that Kellogg Company has paid to owners of common stock since 1925.
About Kellogg Company
At Kellogg Company (NYSE: K), our vision is a good and just world where people are not just fed but fulfilled. We are creating better days and a place at the table for everyone through our trusted food brands. Our beloved brands include Pringles®, Cheez-It®, Special K®, Kellogg's Frosted Flakes®, Pop-Tarts®, Kellogg's Corn Flakes®, Rice Krispies®, Eggo®, Mini-Wheats®, Kashi®, RXBAR®, MorningStar Farms® and more. Net sales in 2021 were nearly $14.2 billion, comprised principally of snacks as well as convenience foods like cereal, frozen foods, and noodles. As part of our Kellogg's® Better Days ESG strategy, we're addressing the interconnected issues of wellbeing, climate and food security, creating Better Days for 3 billion people by the end of 2030. Visit www.KelloggCompany.com.
[K-DIV] [K-FIN]
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SOURCE Kellogg Company | https://www.wibw.com/prnewswire/2022/07/29/kellogg-company-declares-regular-dividend-059-per-share/ | 2022-07-29T21:06:24Z |
TAIPEI, June 9, 2022 /PRNewswire/ -- GoSky AI announced today the completion of a seed funding round led by 500 Global, a leading venture capital firm. Investors in this round also include the Co-Founder & CEO of ThunderCore, Chris Wang, as well as Xchange Taiwan. With the funding in hand, GoSky AI will continue to promote product innovation while expanding internationally.
The World's Unique App on Social Platforms. Build Brand's Membership System Within Just One Hour
A leading social membership system company from Taiwan, GoSky AI was founded in 2018. It started from Taiwan and has established footprints in Canada, Thailand and Vietnam. By using GoSky AI's social CRM, brands are able to convert their social media followers on Facebook and Instagram into members in just 3 seconds; same as developing brands' own app on fan pages.
According to Forbes magazine, over 90% of people prefer not to download mobile apps, providing evidence that apps are no longer the best channel for brands to manage their members. As reported by global IT research and consulting firm Gartner, 80% of brands would prefer to message customers on third-party platforms rather than Apps in the next three years. GoSky AI recommends a no coding social membership system that can be set up on social platforms in less than one hour through GoSky AI SaaS service. The social membership system not only replaces traditional Apps but also is the most lightweight digital marketing tool to convert social media traffic into sales. It provides brands with the most effective membership economic solution.
GoSky Social CRM draws on marketing technology (MarTech) and first-hand data to optimize business models for brands and effectively guides the whole process from social interaction to an in-depth relationship whereby brands convert social media followers into lifetime members.
Over 90% Conversion Rates. GoSky AI Vitalizes Membership Economy and Helps Brands Connect with Web3 Easily.
According to Meta, more than 1 billion users communicate with companies via social messaging every week. Brands receive 2 times of conversational value and 5 times in profit. With specialization in food and beverage services, sports, new media, eCommerce, entertainment, retail and consumer goods industries, GoSky Social CRM has helped brands in these sectors raise their conversion rate to over 90%, with an average interaction cost of less than USD $0.014, saving brands' over 20 times budget. In 2021, GoSky AI in cooperation with its brand partners, tallied 11 million social users who interacted with brands amid several hundred million conversations. GoSky Social CRM initiates conversations with consumers via a chatbot and rapidly converts social media followers into paying customers through the proprietary Loyal CRM system while enhancing the lifetime value of existing users, helping brands expand their loyal member base and bolster the membership economy by creating a closed loop social ecosystem.
Many known brands have recently announced plans to add NFTs (non-fungible tokens) as one of their membership benefits. In response to the global trend towards NFTs, GoSky AI plans to further increase the benefits of the membership economy for brands by combining GoSky Social CRM with NFTs. Brand expects to strengthen members' loyalty, provide exclusive experiences and enhance member interactions. Furthermore, GoSky AI provides brands to create NFT utilities by offering exclusive points and member benefits. GoSky AI helps brands to connect with their members deeply, transform through Martech and connect with the Web3 era easily.
Chris Wang, Co-Founder & CEO of ThunderCore, also states GoSky AI has potential to help brand, KOLs (key opinion leader), and professional sports teams to digitally transform to the Web 3 world by issuing NFTs and tokens to fans. Meanwhile, providing cryptocurrency wallet within Facebook Messenger without worrying about paying the Gas Fee or adopting new softwares would allow the general public to hold NFT easily. These technologies make Web3 popularized and provide better user experiences.
GoSky AI Furthers the Implementation of Two Key Strategies On Global Roadmap While Continuing to Drive Social Innovation through Technology
"Over the past few years, with GoSky Social CRM, we have achieved multiple important milestones in terms of facilitating digital transformation for corporate brands, helping them monetize social traffic, and providing them with a diverse range of complete MarTech solutions," said GoSky AI Co-Founder and CEO Fash Chang. "Messenger delivers 3.5 times more business outcomes from communications for brands than SMS and 20 times more such outcomes than Email. It has become essential for corporate brands to accelerate the development of conversational commerce and the membership economy by building connections with consumers."
"As a next step, GoSky AI plans to further its international expansion strategy and continue to empower brands to connect with Web3 in tandem with fulfilling the deep commitment to existing markets, with the aim of building a new international roadmap," added Mr. Chang. "By leveraging data to create a positive impact on society, we help brands to optimize business decisions while explore new MarTech opportunities."
"GoSky AI was part of the first batch of 500 Global Accelerator Taiwan with TTA, and we saw first hand how quickly the team has moved to build its impressive technology. We believe the team has the potential to conquer global markets," said Shawn Chu, Principal at 500 Global.
【 About GoSky AI Inc. 】
" Turn Every Interaction Into Revenue "
GoSky AI offers a social membership system with no coding requirements for businesses to maximize customer value, social engagement, and membership economics.
Website: https://www.goskyai.com/
Facebook: https://www.facebook.com/goskyai
Instagram: https://www.instagram.com/goskyai/
LinkedIn : https://www.linkedin.com/company/goskyai
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SOURCE GoSky AI | https://www.wibw.com/prnewswire/2022/06/09/social-crm-leader-gosky-ai-completes-seed-funding-round-led-by-vc-firm-500-global/ | 2022-06-09T15:19:16Z |
HiddenLayer's Synaptic Adversarial Intelligence (SAI) team will explore and uncover the ML/AI threat landscape
AUSTIN, Texas, Aug. 23, 2022 /PRNewswire/ -- HiddenLayer, the developer of a unique security platform that safeguards the machine learning models enterprise organizations use behind their most important products, today announced the formation of its Synaptic Adversarial Intelligence (SAI) team to raise awareness surrounding the threats facing machine learning (ML) and artificial intelligence (AI) systems.
The SAI's primary mission is to educate data scientists, MLDevOps teams, and cyber security professionals on how to evaluate the vulnerabilities and risks associated with ML/AI so they can make more security-conscious implementations and deployments. The insights gathered by the SAI team are leveraged to conduct risk assessments and generate intelligence reports that expose the adversarial ML threat landscape. Collectively, the multidisciplinary cyber security experts and data scientists have many decades of experience in cyber security and deep backgrounds in malware detection, threat intelligence, reverse engineering, incident response, digital forensics, and adversarial machine learning.
Until recently, most adversarial ML/AI research has focused on the mathematical aspect, making algorithms more robust in handling malicious input. Now security researchers are increasingly exploring ML algorithms and how models are developed, maintained, packaged, and deployed, hunting for weaknesses and vulnerabilities across the broader software ecosystem. They have uncovered a number of new attack techniques and, in turn, developed a greater understanding of how practical attacks are performed against real-world ML implementations.
"Alongside our commitment to increasing awareness of ML security, we will also actively assist in the development of countermeasures to thwart ML adversaries through the monitoring of deployed models, as well as providing mechanisms to allow defenders to respond to attacks," said Tom Bonner, Senior Director of Adversarial Machine Learning Research at HiddenLayer. "There has been a tremendous effort from several organizations, such as MITRE and NIST, to better understand and quantify the risks associated with ML/AI. We look forward to working alongside these industry leaders to broaden the pool of knowledge, define threat models, drive policy and regulation, and most critically, prevent attacks."
Please keep an eye on Twitter and LinkedIn where SAI team members will regularly share their insights into adversarial machine learning and provide recommendations on how organizations can harden their security postures.
HiddenLayer helps enterprises safeguard the machine learning models behind their most important products with a comprehensive security platform. Only HiddenLayer offers turnkey AI/ML security that does not add unnecessary complexity to models and does not require access to raw data and algorithms. Founded in March of 2022 by experienced security and ML professionals, HiddenLayer is based in Austin, Texas, and is backed by cybersecurity investment specialist firm Ten Eleven Ventures. For more information, visit www.hiddenlayer.com and follow us on LinkedIn or Twitter.
Media Contact:
Rachel Kaseroff
415-341-5625
Rachel@RJKCommunications.net
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SOURCE HiddenLayer | https://www.wibw.com/prnewswire/2022/08/23/hiddenlayer-creates-threat-intelligence-team-focused-thwarting-ml-attacks/ | 2022-08-23T15:10:55Z |
"I'm thrilled that our new facility will accommodate the growing musical ambitions of our rapidly expanding body of students, provide musicians an intimate space to perform, and serve as a gathering place for the community."
SAN ANTONIO, Aug. 18, 2022 /PRNewswire/ -- Today Jason Sagebiel, the renowned founder of Sage Music, (https://www.sagemusic.co/) announced the planned opening of their new San Antonio music school and live music facility in midtown San Antonio.
As Sagebiel points out, "we recently purchased the property at 209 W. Poplar St. in Tobin Hill and began construction to convert it into a music school, community space, and performance venue. I'm thrilled that our new facility will accommodate the growing musical ambitions of our rapidly expanding body of students, provide musicians an intimate space to perform, and serve as a gathering place for the community."
Sage Music®, founded in 2012, is the only music school in the United States or abroad, that instructs aspiring and established musicians on how to master and increase their musical skills, practice, and learning - via the scientifically developed ARPEGGIO® lesson system, which is producing spectacular results and has students everywhere raving.
ARPEGGIO® was developed through the science and psychology of learning, and by Sagebiel's experiences of re-learning music after he suffered a brain injury in the Iraq War, where he served as a U.S. Marine. ARPEGGIO® guarantees the best musical training and customer service is given for every lesson taught. It's one reason students stay enrolled three times longer than the industry average.
Sage Music® has been described as a disruption to the music education industry as it continues to transform the face of music education.
Sage Music® offers innovative and personalized music lessons to students of all ages and abilities on piano, guitar, voice, violin, viola, cello, saxophone, clarinet, flute, drums, trumpet, composition, improvisation, and more. Students include everyone from adults to kids, beginners and amateurs to Broadway performers, Saturday Night Live cast members, and Emmy Award winners. Due to demand, students from 46 U.S. States and 15 countries have flocked to Sage Music.
Mr. Sagebiel has been featured and made numerous media appearances including The Houston Chronicle, The Washington Times, New York Magazine, WPAT 930AM Radio, WNYC's Soundcheck, KUHA's The Front Row, WQXR's New Sounds, The Queens Chronicle, The Times Ledger, NY1 News and many others! He has given more than 30 world premieres and is also the subject of two books: Martin Daughtry's Listening to War, and Jon Pieslak's SoundTargets.
For more information, members of the media and other interested parties can contact:
Mr. Jason Sagebiel, Sage Music
209 W. Poplar St., San Antonio, TX 78212
(210) 664-1100 | https://www.sagemusic.co/media-inquiry/
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SOURCE Sage Music | https://www.wibw.com/prnewswire/2022/08/18/acclaimed-music-education-innovator-announces-san-antonio-music-school-opening/ | 2022-08-18T14:04:05Z |
CHICAGO, Aug. 4, 2022 /PRNewswire/ -- Pinnacle Fertility (Pinnacle) has welcomed Center for Reproductive Care (CRC), a leading fertility center headquartered in Chicago, Illinois to their network of high-performing family building centers. Through the acquisition of CRC, Dr. Mary Wood Molo, CRC'S founder and one of Chicago's most respected fertility specialists joins the Institute for Human Reproduction (IHR) where she will continue providing compassionate, personalized fertility care while offering the most innovative and advanced reproductive and genomic treatment options available as a part of IHR.
"Caring for patients and their unique needs on their journey to parenthood is one of the greatest gifts I get to provide families," says Dr. Mary Wood Molo, "Joining IHR and the Pinnacle Fertility family of clinics allows me to work alongside providers who have the same mission as I do, providing patients with the best opportunity to create the family of their dreams."
Dr. Mary Wood Molo is a board-certified reproductive endocrinologist and infertility specialist. She completed her residency in Obstetrics and Gynecology and fellowship in Reproductive Endocrinology and Infertility at Rush University Medical Center, where she is the Director of the IVF Program and an Assistant Professor. Chicago Magazine, Newsweek, and the Professional Directory, Castle Connolley, have consistently recognized her as a top specialist in her field. A proud long-standing member of the American Society for Reproductive Medicine (ASRM), Dr. Wood Molo has published many research articles, abstracts and presentations about the evolving world of fertility and reproductive genomics. She is a thought-leader and deeply compassionate fertility care provider.
"Dr. Wood Molo is an exceptional provider and a fantastic addition to our team," shares Dr. Ilan Tur-Kaspa, "Her continued leadership in the field of reproductive medicine and genomics is well respected and patients adore her thoughtful, compassionate approach to care. This is a great benefit to patients, our program at IHR and the entire Pinnacle Fertility platform."
IHR is an industry-leading fertility center and a member of Pinnacle Fertility, a network of high-performing family-building clinics across the US. IHR, which has provided comprehensive reproductive care for two decades, is led by world-renowned fertility specialists and visionaries, Dr. Ilan Tur-Kaspa and Dr. David Cohen. With the addition of Dr. Wood Molo, the IHR team is comprised of four leading physicians and six locations. Dr. Wood Molo will begin seeing patients at IHR's newest location in early Fall 2022.
Pinnacle Fertility is the nation's fastest-growing physician-centric fertility care platform, supporting high-performing fertility clinics and comprehensive fertility service providers nationwide. Under a united mission of fulfilling dreams by building families, Pinnacle clinics offer innovative technology and processes, compassionate patient care, and comprehensive fertility treatment services, ensuring families receive a high-touch experience on their path to parenthood.
For more information about Pinnacle Fertility, visit pinnaclefertility.com
Founded in 2004, Institute for Human Reproduction (IHR) is an industry-leading fertility center headquartered in Chicago, IL that has provided comprehensive patient-centered care for two decades. Led by two world-renowned fertility specialists and visionaries, Dr. Ilan Tur-Kaspa and Dr. David Cohen, the IHR team is comprised of three physicians and six locations. IHR is passionate about finding success for growing families and prioritizing their patient's well-being on their journey every step of the way.
Visit infertilityihr.com to learn more about locations and services.
Media contact: Walt Conrad, wconrad@pinnaclefertility.com
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SOURCE Pinnacle Fertility | https://www.wibw.com/prnewswire/2022/08/04/center-reproductive-care-joins-pinnacle-fertility-nations-fastest-growing-physician-centric-family-building-platform/ | 2022-08-04T16:17:21Z |
A woman was killed in a rollover crash Wednesday afternoon on southbound Interstate 35 in Temple, police said.
The Temple Police Department responded to the accident at 1:38 p.m. in the 5100 block of South General Bruce Drive.
The accident on the highway involved two vehicles. One vehicle with four passengers was traveling south on I-35 when the crash occurred, causing it to roll over and apparently travel onto the adjacent service road just before Midway Drive.
In addition to the fatality, two other women were critically injured and a man suffered non-life-threatening injuries, police said.
Officials said all those injured were in one vehicle. They were transported to Baylor Scott & White Medical Center-Temple.
Occupants of the other vehicle were not injured.
The accident caused a major backup in Temple as southbound traffic was delayed from north of Loop 363 to past the Belton city limits.
Motorists were encouraged to seek alternate routes.
Temple Fire & Rescue and Temple Emergency Medical Services also responded to the call.
Police Department spokeswoman Nohely Mackowiak said the accident is still under investigation and asked that anyone with information call the department at 254-298-8477. | https://www.tdtnews.com/news/central_texas_news/article_2d43e578-086c-11ed-ad8e-0b18a8f78122.html | 2022-07-20T23:19:39Z |
Jan. 6 panel announces next hearing for July 12
(Gray News) - The Jan. 6 panel has announced that it will reconvene for another public hearing on its investigation into the U.S. Capitol insurrection Tuesday, July 12.
The committee did not disclose the topic of the hearing.
Last week, former White House aide Cassidy Hutchinson delivered devastating testimony against former President Donald Trump.
Hutchinson painted a picture of Trump as an angry, defiant president who was trying to let armed supporters avoid security screenings at a rally on the morning of Jan. 6 to protest his 2020 election defeat to Democrat Joe Biden.
She recounted a conversation with Tony Ornato, Trump’s deputy chief of staff for operations, who, she testified, said Trump grabbed at the steering wheel of the presidential SUV when the Secret Service refused to let him go to the Capitol after the rally.
White House counsel Pat Cipollone was subpoenaed by the committee, who investigators were hopeful would appear Wednesday for a deposition.
The panel also said it would welcome follow-up details from Secret Service members who were with Trump that day.
Copyright 2022 Gray Media Group, Inc. All rights reserved. The Associated Press contributed to this report. | https://www.kxii.com/2022/07/06/jan-6-panel-announces-next-hearing-july-12/ | 2022-07-06T01:15:07Z |
CORPUS CHRISTI, Texas, June 1, 2022 /PRNewswire/ - enCore Energy Corp. ("enCore" or the "Company") (TSXV: EU) (OTCQB: ENCUF) announced today that Ms. Susan Hoxie-Key has been appointed as the newest member of its Board of Directors, effective June 1, 2022. Ms. Hoxie-Key is a proven nuclear industry leader, with more than 40 years of engineering experience covering nuclear core design, nuclear fuel-related licensing, nuclear fuel procurement, oversight of nuclear fuel-related engineering products, and direct support of reactor operations.
Ms. Hoxie-Key was a 2008 winner of the American Nuclear Society (ANS) Oestmann Achievement Award for technical achievement in the fields of nuclear science, engineering, research or education. She has also held numerous nuclear industry leadership roles across the years, including Chairman of the World Nuclear Fuel Market (WNFM) Board of Governors between June 2016 and June 2018, member of the Nuclear Energy Institute (NEI) Accident Tolerant Fuel Safety Benefits and Licensing Task Forces, and member of Electric Power Research Institute (EPRI) PWR (Pressurized Water Reactor) Technical Advisory Committee.
Ms. Hoxie-Key worked for Southern Nuclear Operating Company (SNC) for 31 years, where she directed and conducted complex multi-disciplinary projects involving in-reactor fuel performance, fuel procurement, fuel-related licensing, and core design. She also served as the SNC lead for nuclear industry efforts to increase the uranium enrichment limit above 5 weight percent and to increase the current licensed fuel burnup limit.
Ms. Hoxie-Key earned her bachelor's degree in nuclear engineering from Mississippi State University and her master's degree in nuclear engineering from Georgia Institute of Technology. She is a registered Professional Engineer in Alabama and Georgia.
"We are pleased to welcome Susan to the Board of Directors of enCore Energy," said William M. Sheriff, Executive Chairman. "Susan brings a wealth of experience and expertise to the Company from the user end of the nuclear fuel cycle. She is a recognized nuclear industry leader and operator with over 40 years' experience. Her knowledge, skillset and strong relationships with our industry, government agencies and regulators will complement our existing board members who together provide enCore with direct expertise in all elements of the nuclear fuel cycle from uranium discovery and production through conversion and enrichment to consumption in nuclear plant power generation. She will be an incredible asset for our company as we advance our strategic plan."
Paul Goranson, Chief Executive Officer added, "I have known Susan for nearly 20 years as a colleague in the nuclear industry through various trade associations. In those interactions, I saw firsthand her leadership skills and calm approach to solving some complex, industry wide issues. I look forward to working with her on our Board as we continue to transform into a leading US uranium producer at a time of significantly increasing demand."
In conjunction with the appointment, the Company approved to grant Ms. Hoxie-Key 500,000 stock options with 25% vesting in 6 months and 25% every 6 months thereafter. The stock options are exercisable for a term of five years at an exercise price of $1.25 per common share.
With approximately 90 million pounds of U3O8 estimated in the measured and indicated categories and 9 million pounds of U3O8 estimated in the inferred category1, enCore is the most diversified in-situ recovery uranium development company in the United States. enCore is focused on becoming the next uranium producer from its licensed and past-producing South Texas Rosita Processing Plant by 2023. The South Dakota-based Dewey Burdock project and the Wyoming Gas Hills project offer mid-term production opportunities with significant New Mexico uranium resource endowments providing long-term opportunities. The enCore team is led by industry experts with extensive knowledge and experience in all aspects of ISR uranium operations and the nuclear fuel cycle.
For more information, visit www.encoreuranium.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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SOURCE enCore Energy Corp. | https://www.kxii.com/prnewswire/2022/06/01/nuclear-engineer-susan-hoxie-key-joins-encore-energy-board-directors/ | 2022-06-01T12:06:55Z |
Ford Foundation awards fellowship to former Secretary of the U.S. Department of Housing and Urban Development and Director of the U.S. Office of Management and Budget to strengthen American infrastructure in communities that need it most
NEW YORK, July 25, 2022 /PRNewswire/ -- Today, the Ford Foundation announced that Shaun Donovan, prominent public servant and housing and community development expert, will be joining the organization as a Senior Fellow. Senior Fellows are social justice leaders who have served with distinction in a leadership role at NGOs and public interest organizations in the U.S and internationally.
The Ford Foundation has hosted a select number of senior fellows over the past 20 years. During his fellowship, Donovan will work with the Biden Administration and partners across the country to build capacity and provide technical assistance so that the Infrastructure Investment and Jobs Act reaches its transformative potential. Over the next year, he will focus on creating an initial set of tools and laying the foundation for long-term investments that will ensure the funding has a greater, more equitable impact and reaches historically disadvantaged communities that are too often left behind.
"Shaun is a valued leader who brings a wealth of experience and a critical perspective at a time when too many corners of our nation are suffering from disinvestment and lack of infrastructure," said Darren Walker, President of the Ford Foundation. "His work to strengthen communities and better meet the needs of all Americans will advance our overall mission to tackle inequality in all its forms and we are honored that he is joining us at the Ford Foundation."
"I'm thrilled to be joining the Ford Foundation as a Senior Fellow, and can't wait to work with all its remarkable people helping to make the world a better, fairer place," said Donovan. "For decades, I have admired Darren Walker's tenacious commitment to justice and benefitted from his partnership in efforts to make New York City neighborhoods and communities across the country more equitable and affordable."
Donovan is a dedicated public servant who has spent his career in government, private and non-profit sectors fighting for underrepresented people and communities. Donovan served in President Obama's cabinet for his full eight years in office. From 2009 to 2014, he served as Secretary of the U.S. Department of Housing and Urban Development, where he led the fight against the nation's unprecedented foreclosure crisis. Donovan also served as Chair of the President's Hurricane Sandy Rebuilding Task Force, leaving a stronger, more resilient region than before the storm hit.
In July 2014, he was sworn in as Director of the U.S. Office of Management and Budget. At OMB, he increased investment in key domestic and national security priorities that grew the economy, protected our country and increased opportunity. And he oversaw regulations that reduced inequality, expanded health care, improved education and fought climate change.
Prior to joining the Obama Administration, Donovan served as the Commissioner of the New York City Department of Housing Preservation and Development. He also served in the Clinton Administration as Deputy Assistant Secretary for Multifamily Housing at HUD and as acting FHA Commissioner during the Clinton/Bush presidential transition.
Donovan holds a B.A. and Masters degrees in Public Administration and Architecture from Harvard University. He currently serves as a Trustee of the Urban Institute, Greater NY, and Rethink Food, and on the Advisory Board of Opportunity Insights.
THE FORD FOUNDATION
The Ford Foundation is an independent organization working to address inequality and build a future grounded in justice. For more than 85 years, it has supported visionaries on the frontlines of social change worldwide, guided by its mission to strengthen democratic values, reduce poverty and injustice, promote international cooperation, and advance human achievement. Today, with an endowment of $16 billion, the foundation has headquarters in New York and 10 regional offices across Africa, Asia, Latin America and the Middle East. Learn more at www.fordfoundation.org.
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SOURCE Ford Foundation | https://www.mysuncoast.com/prnewswire/2022/07/25/shaun-donovan-joins-ford-foundation-senior-fellow/ | 2022-07-25T16:01:12Z |
Kim Kardashian and Pete Davidson have made their red carpet debut
By Marianne Garvey
Kim Kardashian and Pete Davidson made their red carpet debut at the White House Correspondents’ Dinner in Washington, D.C. over the weekend.
Kardashian was invited by Disney and ABC following the premiere of her Hulu show, “The Kardashians.” Davidson attend as her plus one.
The reality star wore a Balenciaga gown, while Davidson wore a black Prada suit and black Vans sneakers.
Kardashian took to Instagram to post pictures of herself and Davidson holding hands, captioning it “White House din din.”
Her sister Khloe Kardashian commented on the pictures, “What a glamour puss.”
Kardashian first confirmed that Davidson was her “boyfriend” during an appearance on “The Ellen DeGeneres Show” in March.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/entertainment/cnn-entertainment/2022/05/02/kim-kardashian-and-pete-davidson-have-made-their-red-carpet-debut/ | 2022-05-02T17:57:12Z |
NEW YORK, June 16, 2022 /PRNewswire/ -- Unique Logistics International, Inc. (OTCMKTS: UNQL) ("Unique" or the "Company"), a global logistics and freight forwarding company, today announced a 12-month ocean freight contract with The Kroger Company (NYSE: KR), a new customer for the Company.
Under the terms of the agreement, the Company will serve as an ocean transport and logistics provider for The Kroger Company from the Asia-Pacific region to North America through April 2023.
"This is an exciting new partnership for Unique Logistics. Kroger is a leading name in supermarket retail with over $137 billion in annual sales, 45 distribution centers, and 2,726 supermarkets & multi-department stores. The company has been operating for over 100 years and its unique logistics needs include fresh and non-perishable food, fuel and prescription medication," said Sunandan Ray, Chief Executive Officer of Unique Logistics. "Serving the retail industry is our Company's strength and our team looks forward to working with Kroger to solve problems and provide innovative solutions to strengthen Kroger's supply chain performance."
Unique Logistics International, Inc. (OTCMKTS: UNQL) through its wholly owned operating subsidiaries, is a global logistics and freight forwarding company providing a range of international logistics services that enable its customers to outsource to the Company sections of their supply chain process. The services provided are seamlessly managed by its network of trained employees and integrated information systems. We enable our customers to share data regarding their international vendors and purchase orders with us, execute the flow of goods and information under their operating instructions, provide visibility to the flow of goods from factory to distribution center or store and when required, update their inventory records.
This news release includes 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, as amended, regarding, among other things our plans, strategies and prospects -- both business and financial. While we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to Unique Logistics International, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
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SOURCE Unique Logistics International, Inc. | https://www.mysuncoast.com/prnewswire/2022/06/16/unique-logistics-international-adds-kroger-company-new-customer/ | 2022-06-16T21:51:57Z |
Company launches new on-demand edge solution powering businesses to deliver amazing digital experiences and save costs
DENVER, Aug. 16, 2022 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) is continuing to invest in edge computing on the Lumen platform to give businesses more choice on where they can deploy applications and workloads at the edge, closer to digital interactions. Lumen is now offering Lumen Edge Virtual Machines (VM), giving businesses access to on-demand compute, storage, and secure networking, to run their next-generation applications with high performance and at scale. Lumen Edge VM is available on the Lumen Marketplace and integrates seamlessly with the company's comprehensive edge portfolio.
More on Lumen Edge VM: https://www.lumen.com/en-us/edge-computing/vm.html
Speed Read:
- To help businesses deliver enhanced customer experiences, Lumen is bringing a turn-key solution to meet the challenges of deploying and running next-generation applications.
- Lumen Edge VM provides flexibility, value, and availability. Businesses get value from having access to a variety of compute configurations and storage to support a range of application sizes, backed with management and orchestration tools.
- Lumen Edge VM runs on the Lumen platform, underpinned by the Lumen fiber network. Through a single provider, businesses can get the low latency capabilities that compute-intensive, next-generation applications require.
- Lumen Edge VM brings flexibility of execution venues for workloads and applications at the edge. Businesses can access distributed compute services across dispersed markets, providing the availability needed to work and collaborate across expanded geographies.
"Growing digital businesses need infrastructure that gives them the level of compute power they need - where, when, and how they need it," said Dave Cooper, senior vice president, edge computing, Lumen Technologies. "The Lumen platform provides just that. And with Lumen Edge VM, businesses have a flexible, on-demand compute solution on the Lumen platform. It gives the power of orchestration and connectivity across hybrid IT environments, providing a unique combination of benefits - increased agility and reliability, plus reduced latency, enhanced security, and low cost."
Tech Talk:
- Lumen Edge VM offers shared, multi-tenant servers hosted in Lumen edge facilities for customers to create virtual machines on-demand for adding, updating, and deleting workloads and applications.
- Businesses can rapidly spin up virtual machines at the edge, and easily scale up or down.
- Infrastructure and network services are fully managed by Lumen.
- Lumen Edge VM offers support for multiple operating systems and a wide range of configurations and storage using open-source technology.
- Lumen Edge VM can be managed through Lumen Edge Orchestrator, alongside other Lumen edge services and public cloud services from AWS, Microsoft, and Google.
- The "as-a-service" solution helps businesses lower expenses with a pay only for usage model across a range of compute requirements, and no capital expenditure required.
Key Facts:
- Lumen Edge Computing Solutions meet 97% of U.S. enterprise demand within 5 milliseconds of latency.
- For a current list of Lumen edge locations, visit: https://www.lumen.com/en-us/resources/network-maps.html#edge-roadmap
- Lumen manages and operates one of the largest, most connected, most deeply peered networks in the world. It is comprised of approximately 450,000 global route miles of fiber, more than 190,000 on-net buildings, and is seamlessly connected to 2,200+ public and private third-party data centers and leading public cloud service providers.
Additional Resources:
- Lumen Edge Orchestrator: https://www.lumen.com/en-us/edge-computing/orchestrator.html
- Lumen Edge Computing Solutions: https://www.lumen.com/en-us/solutions/edge-computing.html
About Lumen Technologies and the People of Lumen:
Lumen is guided by our belief that humanity is at its best when technology advances the way we live and work. With approximately 450,000 route fiber miles and serving customers in more than 60 countries, we deliver the fastest, most secure platform for applications and data to help businesses, government and communities deliver amazing experiences. Learn more about the Lumen network, edge cloud, security, communication and collaboration solutions and our purpose to further human progress through technology at news.lumen.com/home, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks in the United States.
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SOURCE Lumen Technologies | https://www.wibw.com/prnewswire/2022/08/16/lumen-investment-is-bringing-businesses-more-options-edge/ | 2022-08-16T16:17:04Z |
Liu, a 39-year-old tech worker in Beijing, arrived in the central city of Zhengzhou on Sunday with all the boxes ticked to travel under China's stringent Covid restrictions.
He had tested negative for Covid-19 the day before; his hotel had confirmed he could be checked in; and the health code on his phone app was green -- meaning he had not been exposed to people or places deemed risks and was therefore free to travel.
But when Liu scanned a local QR code to exit the Zhengzhou train station, his health code came back red -- a nightmare for any traveler in China, where freedom of movement is strictly dictated by a color-code system imposed by the government to control the spread of the virus.
Anyone with a red code -- usually assigned to people infected with Covid or deemed by authorities to be at high risk of infection -- immediately becomes persona non grata. They are banned from all public venues and transport, and are often subject to weeks of government quarantine.
That all but derailed plans for Liu, who had come to Zhengzhou, the provincial capital of Henan province, to seek redress from a bank that has frozen his deposits. He had put his life savings -- totaling about 6 million yuan ($890,000) -- into a rural bank in Henan, and since April hasn't been able to withdraw a penny.
Over the past two months, thousands of depositors like Liu have been fighting to recover their savings from at least four rural banks in Henan -- in a case that involves billions of dollars. In late May, hundreds of them traveled to Zhengzhou from across China and staged a protest outside the office of the Henan banking regulator to demand their money back -- to no avail.
Another protest was planned for Monday. But as the depositors arrived in Zhengzhou, they were stunned to find that their health codes -- which were green upon departure -- had turned red, according to six who spoke with CNN and social media posts.
Dozens of depositors were taken into a quarantine hotel guarded by police and local officials, before being sent away on trains bound for their hometowns the next day; others were "quarantined" at several other locations in the city, including a college campus, according to the witnesses and online posts.
Depositors accused Zhengzhou authorities of tampering with the health code system to prevent them from returning to the city -- and thus thwarting their plans to fend for their rights.
"The health code should have been used to prevent the spread of the pandemic, but now it has deviated from its original role and become something like a good citizen certificate," said Qiu, a depositor in eastern Jiangsu province.
Qiu, a teacher, had not been to Henan to protest, but his health code also turned red on Sunday evening after he scanned a QR code from Zhengzhou. He said a fellow depositor had shared a photo of the Zhengzhou QR code on the WeChat messaging app, in an attempt to find out whether depositors outside Henan were also affected.
The red code seems to target only depositors. Qiu used his wife's phone to scan the QR code, and it came back green, he said. "I called the government hotline in Zhengzhou to complain about my red code, and they told me there was some error with the Big Data information database."
Liu and Qiu both asked to be identified only by their surnames.
CNN has reached out to the Zhengzhou government for comment. The Henan Provincial Health Commission told state-run news website thepaper.cn it was "investigating and verifying" the complaints from depositors who received red codes.
Online backlash
The alleged abuse of power sparked an outcry on social media.
"Now (the authorities) can stop you from petitioning by directly putting digital shackles on you, aka giving you red codes," said one comment on Weibo, China's Twitter-like platform.
Hu Xijin, the former editor-in-chief of the Global Times, a state-run nationalist tabloid, said on Weibo that local governments should not use health codes for any purposes other than epidemic prevention.
"If any locality tries to prevent the movement of certain people by controlling their health codes for other purposes, it's not only a clear violation of Covid prevention laws and regulations, but also will jeopardize the credibility of the health codes and the public's support for epidemic prevention," Hu wrote on Tuesday. "It'll do more harm than good to our social governance."
Rights groups have long warned that China's omnipresent Covid surveillance and tracking network could be used by authorities to target individuals and groups for political reasons, such as suppressing dissent.
Last November, Xie Yang, a human rights lawyer in the southern city of Changsha, said on Twitter that his health code turned red on the morning he was about to board a flight to Shanghai to visit the mother of Zhang Zhan, a citizen journalist imprisoned for reporting on China's initial coronavirus outbreak in Wuhan.
"The health code, like many algorithmic-based systems in China and around the world, lacks transparency. Exactly how companies designed the app and the criteria they use to categorize people remain unclear ... It is also hard to know whether the system allows local governments to tamper with it as a means to prevent protests," said Maya Wang, a researcher at Human Rights Watch who has studied China's digital surveillance.
"The opacity of the health code, the ability of it to arbitrarily control people's movement while giving people few means to effectively appeal the app's decision, makes it an especially abusive system."
Code turns green again
From the Zhengzhou train station, Liu, the depositor from Beijing, was taken to a room where several other travelers with red health codes were present.
There, he met another depositor who had traveled from Anyang, another city in Henan, and the two of them were then escorted by police to a quarantine hotel. By the evening, about 40 depositors -- all with red health codes -- had ended up at the hotel, and were told to stay the night there.
The following afternoon, he was allowed to leave the hotel and return to Beijing -- escorted by police and local officials until he boarded the train. He was exempted from scanning any QR codes on the way -- because his code was still red and according to Covid rules, he would not have been allowed to enter the train station, let alone travel.
On Tuesday, as news and anger about the red health codes spread online, some depositors said their health codes had turned green again.
Liu's code also turned green by the late afternoon, but he said he wants accountability.
"Officials who made the decision (to tamper with the health code system) and who carried out the policy should receive their punishment according to law," he said. "But I'm not too optimistic about that. The government's power is too capricious."
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/chinas-bank-run-victims-planned-to-protest-then-their-covid-health-codes-turned-red/article_5847935b-97fd-5230-830f-fc65fd9b67cc.html | 2022-06-15T10:56:48Z |
The US Food and Drug Administration gave emergency use authorization on Friday for both the Pfizer/BioNTech and Moderna vaccines for young children. Today, vaccine advisers to the US Centers for Disease Control and Prevention voted unanimously in support of giving babies and other kids as young as 6 months a Covid-19 vaccination.
All that's left is for CDC Director Dr. Rochelle Walensky to sign off before vaccines can be administered, which could happen as early as next week.
Parents may be reluctant to actually get them when they become available, an April survey found. Just 18% of parents of children under 5 said they would vaccinate their child against Covid-19 as soon as a vaccine became available, according to an April Kaiser Family Foundation Vaccine Monitor survey.
Nearly 40% of those surveyed said they would "wait and see" before vaccinating their young children, 11% said they would get the vaccine for their kids only if required, and 27% said they would "definitely not" get the Covid-19 vaccination for their child.
Even parents who are eager to vaccinate likely have questions. How confident should they feel about the FDA's decision? When will vaccines be available to young kids, and how will families access them? Which vaccine is better, Pfizer or Moderna? If my child already has had Covid-19, should they still be vaccinated? And what if my kid turns 5 soon -- should I hold off?
I spoke with CNN Medical Analyst Dr. Leana Wen, an emergency physician and professor of health policy and management at the George Washington University Milken Institute School of Public Health. She is also author of "Lifelines: A Doctor's Journey in the Fight for Public Health" and the mother of two children under 5.
The following conversation has been lightly edited for length and clarity.
CNN: How are you feeling about the FDA's decision?
Dr. Leana Wen: I'm thrilled and so relieved. It's been a year and a half since adults first started getting the Covid-19 vaccine. There are about 17 million children not yet eligible for vaccination, and FDA's authorization was a major hurdle to have crossed. I'm really looking forward to getting my young kids -- ages 2 and almost 5 -- the same exceptional protection that my husband and I have.
The FDA and its external advisers went through a rigorous process and conducted independent analyses of data submitted by Pfizer/BioNTech and Moderna. They found that three doses of the Pfizer vaccine and two doses of the Moderna vaccine were safe and produced a strong immune response, on par with the antibody response seen in young adults. They also found that both vaccines reduced symptomatic infection in this younger age group.
I'm reassured by the thorough, careful and deliberate process this regulatory agency took, and, when the CDC gives the go-ahead, as I expect they will, I'll be calling my pediatrician to get both of my kids vaccinated.
CNN: When do you think vaccines will become available to kids under age 5, and how should parents and caregivers access them?
Wen: We know CDC advisers are scheduled to meet Friday, June 16, and Saturday, June 17. I'd expect a robust discussion, of course, but given how compelling the data is and the high level of Covid-19 still circulating, the CDC will likely give a recommendation for the vaccine by this weekend. States have already been able to order vaccines, which means some doctors' offices, community health centers, health departments and pharmacies may have them in stock and ready to give by next week.
The first place that I'd encourage eager parents to consult is their pediatrician's office. Parents are used to getting kids vaccinated there, and the pediatrician will know when and if they plan on giving the Covid-19 vaccine. If they don't plan to carry the vaccine, they would be able to recommend other trusted locations in the community.
You could also contact your local pharmacies, though note that many pharmacies may not be equipped to provide shots to young kids. Your local city or county health department and state health department also might have resources, as will children's hospitals in your area.
CNN: How will parents choose between the Pfizer and Moderna vaccines for their kids?
Wen: Both vaccines are safe, and both are effective. Preliminary results indicate that the three-dose Pfizer vaccine is more effective at preventing symptomatic infection -- though these are early studies -- and both vaccines induce strong antibody levels, which correlate with protection against severe disease in older age groups.
I think there will be a variety of parental preferences here. There are some parents who are eager to get their kids vaccinated as quickly as possible. In that case, the two-dose Moderna vaccine may be preferable, because the second dose is given four weeks after the first, and two weeks after that, their child will be considered fully vaccinated. If a child starts the series next week, they could be fully vaccinated by mid-August and in time for the next school year.
Some other parents might want their children to have the highest level of protection possible, even if it takes longer. The Pfizer three-dose vaccine definitely takes more time. The first two doses are given three weeks apart, then the third is given two months after the second. So it would take until at least mid-September for a child to be fully vaccinated with Pfizer, even if they get the first dose next week. The dosage of the Pfizer vaccine is also lower than Moderna's, which some parents might also prefer, though there does not appear to be a difference in degree of possible side effects -- such as fever, fatigue and irritability -- associated with the different doses.
Still other parents may just want to give their kids whatever they have access to first. I think all of these are reasonable decisions, assuming the CDC recommends both vaccines equally.
CNN: What about kids who have already had Covid-19? Should they still be vaccinated?
Wen: Yes. Vaccination after recovery from infection provides more durable and longer-lasting protection than recovery alone. I hope the CDC addresses at their meeting the question of how long kids should wait to get vaccinated after they recover from the coronavirus.
CNN: Should children turning 5 soon wait to get the higher dose or get vaccinated now?
Wen: That's something else the CDC will probably address at their meeting. I imagine they will follow the same guidance they used previously for the 5- to 11-year-old group, which is to say that the 11-year old -- and in this case, the 4-year old -- should not wait. Start the vaccination process now, and then when the child turns 5, they can get the higher dose. That's also part of the clinical recommendations that I expect the CDC will discuss later this week.
CNN: What if parents are unsure about the vaccine and want to wait and see?
Wen: I believe that all parents want the best for their children. My best advice is to talk to your pediatrician, whom you trust with other aspects of guidance for your children's health. Personally, I feel very reassured by the thorough and careful process taken by our federal regulatory agencies and can't wait to give my kids a safe vaccine that helps to protect them from the coronavirus.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/features/health/the-fda-has-authorized-covid-19-vaccines-for-children-under-5-what-should-parents-know/article_84becde4-639c-5332-9185-79062c45bd6a.html | 2022-06-18T19:30:14Z |
John Shertzer brings nonprofit leadership in support of Medal of Honor Recipients' Mission
MOUNT PLEASANT, S.C., Sept. 6, 2022 /PRNewswire/ -- The Medal of Honor Foundation (the Foundation) today announced that John Shertzer has been appointed to the role of executive director to lead the organization into a new period of growth and impact.
The Medal of Honor Foundation was established in 1999 to advance the mission and ensure financial support of the Congressional Medal of Honor Society (the Society), the membership organization of the 65 living Medal of Honor Recipients—our nation's greatest heroes.
Through generous donations, the Foundation helps the Society implement preservation, outreach and education programs that protect and promote the legacy of the Medal of Honor and inspire Americans.
Shertzer comes to the Foundation after a successful leadership career in nonprofit organizations. Most recently, he served as executive director of the Society of Professional Journalists and its nonprofit educational arm, the SPJ Foundation. In his new position, Shertzer will report directly to the Medal of Honor Foundation's Board Chairman, David McIntyre, and work closely with the leadership and staff of the Society.
McIntyre said, "We are delighted that John is joining us at the Medal of Honor Foundation. We conducted an extensive search to find someone with the skills and passion to fit the missions of the Foundation and Society. John's a mission-driven leader whose principles are perfectly in sync with those of the Medal of Honor. I know he's anxious to get underway, and I look forward to working closely with him to help Medal of Honor Recipients promote the values and legacy of the Medal."
Shertzer added, "The opportunity to support the work of our nation's Medal of Honor Recipients is an honor and privilege. I look forward to expanding the efforts of the Medal of Honor Foundation to ensure that the Recipients have access to the resources they deserve to continue their ongoing service to our nation."
Prior to SPJ, Shertzer founded the Mayor's Youth Leadership Council in Indianapolis and served as its executive director. He built the Council from the ground up, conceiving and assembling the funds to launch the initiative.
Earlier in his career, Shertzer was chief programs officer at Kiwanis International, the century-old nonprofit community service organization. He also led Kiwanis Youth Programs, Inc., a Kiwanis subsidiary that includes Key Club, the international service organization for high school students that develops teens' leadership and nurtures the the values of service to other youth.
Shertzer also held a senior role with the North American Interfraternity Conference, serving the needs of undergraduate members, alumni members and professional association staff and board members. His experience also includes positions at Leadership Ventures in Indianapolis, University of Maryland in College Park, Maryland, and Iowa State University in Ames, Iowa.
Along with his experience building and leading nonprofit initiatives, Shertzer trains and educates nonprofit and collegiate organizations all over the world including charitable organizations, arts organizations, membership chapters and trade associations.
Shertzer earned a master's degree in higher education from Iowa State and a bachelor's degree in mass communication from Miami University in Oxford, Ohio. He participates in many volunteer and professional activities and has published a book and several articles about leadership.
The Medal of Honor Foundation, a 501(c)(3) organization, maintains a 4-star rating from Charity Navigator. It was established in 1999 to advance the mission and provide a path for financial support of the Congressional Medal of Honor Society, the membership organization of the 65 living Medal of Honor Recipients. Through generous individual and corporate donations, the Foundation is able to provide financial support to the Society so it can carry out its mission of preserving the legacy of the Medal of Honor and educating and inspiring American. To learn more about the Medal of Honor Foundation, visit cmohs.org/foundation.
Contact:
Kathleen Blomquist
kblomquist@cmohs.org
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SOURCE Congressional Medal of Honor Foundation | https://www.wibw.com/prnewswire/2022/09/06/medal-honor-foundation-announces-new-leader/ | 2022-09-06T19:09:48Z |
Jon Batiste tops Grammys; Silk Sonic soars, Rodrigo crowned
LAS VEGAS (AP) — Olivia Rodrigo made an impressive Grammy debut, Silk Sonic claimed two major awards and Jon Batiste had the most stunning victory of the night winning the top prize at Sunday’s Grammy Awards.
Batiste won five Grammys Sunday including album of the year for “We Are” pulling off an upset in a loaded category filled with tough competition from Rodrigo, Billie Eilish, Taylor Swift and the combined talents of Tony Bennett and Lady Gaga. After his win, the multi-genre performer honored the artists he beat, telling the audience that “the creative arts are subjective. Be you.”
“I just put my head down and I work on the craft every day,” said Batiste, who won for his song “Cry,” the video for “Freedom” and his work with the Trent Reznor and Atticus Ross on the soundtrack for “Soul.”
Silk Sonic — the all-star union of Bruno Mars and Anderson .Paak — took home awards in all four categories it was nominated in, including record and song of the year. Both were exuberant as they accepted the honor toward the end of the ceremony.
The wins in both major categories put Mars on the brink of history: He became the only artist along with Paul Simon to take win record of the year three times. He tied the record for most song of the year wins with two.
“We are really trying our hardest to remain humble at this point,” .Paak said. “But in the industry, they call that a clean sweep!” later adding “drinks is on Silk Sonic tonight!”
Rodrigo’s win for best new artist put her in esteemed company including Carly Simon, Crosby, Stills & Nash, Tom Jones, the Beatles and Billie Eilish.
A veteran of the “High School Musical” series, she became the breakout music star of 2021, leading with her massive viral hit “Drivers License” and following with the single “Good 4 U” and the aching album “Sour,” which took best pop vocal album.
“This is my biggest dream come true,” she said after her best new artist win. She thanked her parents for supporting her dreams, which at one point involved being an Olympic gymnast and quickly veered toward music.
“I want to thank my mom for being so supportive for all of my dreams, no matter how crazy. I want to thank my mom and dad for being equally as proud of me for winning a Grammy as they were when I learned how to do a back walk.”
The win came after the night’s festivities briefly grew somber when Ukrainian President Volodymyr Zelenskyy addressed the gathering with an update on the war and his numbers included children injured and killed. “Our musicians wear body armor instead of tuxedos,” he said. “We are fighting Russia, which brings horrible silence with its bombs. The dead silence. Fill the silence with your music.”
He ended by saying: “Tell the truth about the war on your social networks, on TV. Support us in any way you can any, but not silence. And then peace will come to all our cities.”
John Legend then performed “Free” with Ukrainian exiles including singer-actress Mika Newton and poet Lyuba Yakimchuk.
Silk Sonic opened the ceremony in Las Vegas with their high-energy, infectious fix of retro soul and funk by performing their “777.” They returned to the stage a short time later to collect the song of the year trophy for “Leave the Door Open.”
Both Mars and .Paak jumped out their seat, threw up their hands and danced to their song.
“We’ll be singing this song together for the rest of our lives,” Mars said to .Paak
Host Trevor Noah introduced the duo’s opening performance by saying they were singlehandedly bringing back the 1970s, “which might explain the inflation.”
Doja Cat and SZA gave an emotional speech after winning best pop duo-group performance for “Kiss Me More.” Cat told SZA that she’s “everything to me” and the “epitome of talent” as she tried to hold back tears.
“This is a big deal,” Cat said after she darted to the podium after using the bathroom. SZA beat her by a few seconds despite climbing onstage on crutches with the help of Lady Gaga.
“I feel like me and SZA are similar in the way that we both grew up with spiritual backgrounds,” she continued. “But she was perfect for this song.”
It was a family affair from cousins Baby Keem and Kendrick Lamar, who won best rap performance for their song “Family Ties.” Lamar won his 14th Grammy and the first for Keem, who said “nothing could have prepared me for this moment” after stepping out onstage to claim his trophy.
By the time the show started on CBS, Batiste had already taken home four Grammy Awards, including his first ever, during a pre-telecast ceremony.
“I am so grateful for the gifts that God has given me and the ability to share that for the love of humankind,” Batiste said after collecting his music video award for “Freedom.” “We just wanted everyone to see it. Any depression, any bondage or any darkness that was over your life is completely removed by just the love and the joy of the video.”
Chris Stapleton won his third Grammy for best country solo performance for “You Should Probably Leave.”
Tony Bennett extended his record as the artist with the most traditional pop vocal album with 14 wins with “Love for Sale,” a duet album with Lady Gaga.
Dressed in all black, BTS took the stage with a flirty moment between V and Rodrigo before the group performed their hit single “Butter.” They made an appearance after one of the members tested positive for COVID-19. All seven of the members – Jin, Jimin, V, RM, J-Hope, Suga and Jungkook – acted as if they were secret agents with neon-blue lasers, dancing with smooth choreography before going into a brief rap portion of the song.
Foo Fighters won three awards Sunday, but were not in attendance to pick up their trophies following the recent death of its drummer Taylor Hawkins. An extended tribute to Hawkins played before the show’s In Memoriam segment honoring artists and music industry figures who’ve died.
Eilish paid homage to Hawkins during her performance by sporting a black T-shirt with his image. She stepped onstage in an upside-down house along with her brother Finneas before stepping into the rain to perform the title track from her “Happier Than Ever.”
TJ Osborne, who came out as gay last year, fought back tears as he and his brother accepted a Grammy during the pre-telecast show for the Brothers Osborne song “Younger Me.” He noted the song was inspired by his coming out.
“I never thought that I would be able to do music professionally because of my sexuality. And I certainly never thought I would be here on the stage accepting a Grammy after having done something I felt like was going to be life changing and potentially in a very negative way,” Osborne said.
“And here I am tonight, not only accepting this Grammy Award with my brother, which I love so much, but I’m here with a man that I love and he loves me back,” he said. “I don’t know what I did be so lucky.”
The ceremony shifted from Los Angeles to Las Vegas because of rising COVID-19 cases and the omicron variant in January, with organizers citing “too many risks.”
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AP Entertainment Writer Mark Kennedy contributed to this story.
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For more on this year’s Grammys, visit: https://apnews.com/hub/grammy-awards
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/04/03/billie-eilish-olivia-rodrigo-could-score-big-grammys/ | 2022-04-04T09:19:55Z |
Cadence Bank Announces First Quarter 2022 Financial Results
Published: Apr. 25, 2022 at 3:30 PM CDT|Updated: 3 hours ago
TUPELO, Miss. and HOUSTON, April 25, 2022 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter ended March 31, 2022. Given the legacy Cadence merger closed on October 29, 2021, the first quarter of 2022 represents the first full quarter of combined earnings.
Highlights for the first quarter of 2022 included:
Achieved quarterly net income available to common shareholders of $112.6 million, or $0.60 per diluted common share, and adjusted net income available to common shareholders of $121.6 million, or $0.65 per diluted common share.
Reported $160.4 million in adjusted pre-tax pre-provision net revenue (PPNR), or 1.36 percent of average assets on an annualized basis.
Generated net organic loan growth of approximately $307 million for the quarter, or 4.6 percent on an annualized basis compared to linked quarter and total deposit and customer repo growth of approximately $767 million, or 7.7 percent on an annualized basis compared to linked quarter.
Continued stability in credit quality metrics including net recoveries of $0.4 million and a 22.4 percent decline in total non-performing loans and leases; no provision for credit losses for the quarter.
Repurchased 5.1 million shares of outstanding Company common stock resulting in 183.5 million shares outstanding as of March 31, 2022.
Increased the Company's quarterly common share dividend to $0.22 per common share, representing the 10th continuous year of increased dividends.
"Our first quarter results reflect another highly successful quarter for core operating performance with an adjusted earnings per share of $0.65 per diluted common share," remarked Dan Rollins, Chairman and Chief Executive Officer of the Company. "We continue to be pleased with our business development efforts, especially so soon after legal merger last fall. Our results for the quarter reflect successes on both sides of the balance sheet within our community and commercial banks as well as many of our other lines of business, including mortgage, insurance and wealth management. Our results also reflect a stable net interest margin positioned for improvement, and continued strong credit quality."
Rollins continued, "Additional first quarter highlights include the repurchase of 5.1 million shares of Company common stock under our share repurchase program. Our board also increased the Company common stock dividend during the first quarter to $0.22 per share. While taking these capital actions, we maintained strong capital metrics relative to both regulatory and internal capital targets."
Paul Murphy, Executive Vice Chairman, added "As we look more closely at our front-line successes, we reported organic loan growth for the quarter of more than $300 million while organic deposit growth totaled over $750 million. We feel positive about our growth trajectory. Our loan growth for the quarter was primarily in our commercial and industrial portfolio. From a deposit growth standpoint, first quarter is historically a seasonally high quarter."
Earnings Summary
The Company reported net income available to common shareholders of $112.6 million, or $0.60 per diluted common share, for the first quarter of 2022, compared with net income available to common shareholders of $79.2 million, or $0.77 per diluted common share, for the first quarter of 2021 and a net loss available to common shareholders of $37.0 million, or $0.22 per diluted common share, for the fourth quarter of 2021. The Company reported adjusted net income available to common shareholders of $121.6 million, or $0.65 per diluted common share, for the first quarter of 2022, compared with $80.4 million, or $0.78 per diluted common share, for the first quarter of 2021 and $104.1 million, or $0.63 per diluted common share, for the fourth quarter of 2021.
The Company reported adjusted PPNR of $160.4 million, or 1.36 percent of average assets on an annualized basis, for the first quarter of 2022 compared to $106.5 million, or 1.76 percent of average assets on an annualized basis, for the first quarter of 2021 and $136.4 million, or 1.32 percent of average assets on an annualized basis, for the fourth quarter of 2021.
Net Interest Revenue
Net interest revenue was $311.8 million for the first quarter of 2022, compared to $172.8 million for the first quarter of 2021 and $271.2 million for the fourth quarter of 2021. The fully taxable equivalent net interest margin was 2.92 percent for the first quarter of 2022, compared with 3.15 percent for the first quarter of 2021 and 2.90 percent for the fourth quarter of 2021.
The increase in net interest revenue in the first quarter of 2022 compared to the linked quarter reflected the full quarter's impact of the legacy Cadence merger, as well as the impact of fourth quarter deployment of cash into loans and securities, and a slight increase in accretion. The first quarter's increase in net interest margin reflected the deployment of cash into securities and lower deposit costs, partially offset by loan growth coming on at lower yields. The balance sheet remains asset sensitive, with approximately 28 percent of loans floating and another 41 percent of loans variable as of March 31, 2022.
Yields on net loans, loans held for sale, and leases excluding accretion, were 3.96 percent for the first quarter of 2022, compared with 4.06 percent for the fourth quarter of 2021, while yields on total interest earning assets were 3.10 percent for the first quarter of 2022, compared with 3.11 percent for the fourth quarter of 2021. The average cost of deposits declined to 0.15 percent for the first quarter of 2022, compared with 0.17 percent for the fourth quarter of 2021.
Net interest income for the first quarter of 2022 included $17.7 million in accretion income related to acquired loans and leases, adding approximately 17 basis points to the net interest margin. This compares to net accretion income of $16.4 million for the fourth quarter of 2021, which added approximately 17 basis points to the fourth quarter 2021 net interest margin. Excluding the impact of accretion, the linked quarter net interest margin increased by 3 basis points.
Balance Sheet Activity
Loans and leases, net of unearned income, continued to reflect solid growth, increasing $306.7 million, or 4.6 percent annualized, to $27.2 billion during the first quarter of 2022 while deposits and customer repos increased $766.8 million, or 7.7 percent annualized, to $41.3 billion. Loan growth for the quarter was primarily within the commercial and industrial portfolio while deposit growth was largely attributable to increases in noninterest bearing demand deposit accounts. The first quarter has been a strong deposit growth quarter historically as a result of seasonality in municipal deposit account balances. The first quarter of 2022 ended with a loan to deposit ratio of 67.0 percent and securities to total assets of 30.4 percent, reflecting continued strong balance sheet liquidity. Noninterest bearing deposits represented 35.6 percent of total deposits at the end of the first quarter of 2022, representing an increase from 34.2 percent at December 31, 2021.
Provision for Credit Losses and Allowance for Credit Losses
Credit metrics for the first quarter of 2022 continued to reflect improvement compared to the linked quarter including net recoveries and a meaningful decrease in non-performing loans.
Total non-performing loans and leases were $119.3 million at March 31, 2022, or 0.44 percent of total net loans and leases, representing a decline of $34.5 million or 22.4 percent, from the December 31, 2021 balance of $153.8 million or 0.57 percent of total net loans and leases. Other real estate owned and other repossessed assets also declined to $28.4 million at March 31, 2022, a decrease of $2.2 million or 14.0 percent, from the December 31, 2021 balance of $33.0 million.
Net recoveries for the first quarter of 2022 were $0.4 million, or 0.01 percent of net loans and leases on an annualized basis, compared with net charge-offs of $3.3 million for the first quarter of 2021 and net recoveries of $4.8 million for the fourth quarter of 2021. Earnings for the first quarter of 2022 reflected no recorded provision for credit losses, compared with no recorded provision for the first quarter of 2021 and a provision for credit losses of $133.6 million for the fourth quarter of 2021. The provision for the fourth quarter of 2021 includes $132.1 million associated with day one accounting provision required for loans and unfunded commitments acquired during the quarter from the legacy Cadence merger. The allowance for credit losses remains robust at $438.7 million, or 1.61 percent of net loans and leases at March 31, 2022, compared with $446.4 million, or 1.66 percent of net loans and leases at December 31, 2021.
Noninterest Revenue
Noninterest revenue was $128.4 million for the first quarter of 2022, compared with $87.9 million for the first quarter of 2021 and $103.9 million for the fourth quarter of 2021. The linked quarter increase was driven by a full quarter of legacy Cadence results as well as an increase in mortgage revenue as a result of increased mortgage servicing rights valuation.
The net return from mortgage servicing rights was $14.0 million for the first quarter of 2022, compared with $7.4 million for the first quarter of 2021 and $2.6 million for the fourth quarter of 2021. Mortgage production and servicing revenue was impacted by both seasonality and rising rates, totaling $7.7 million for the first quarter of 2022, compared with $17.9 million for the first quarter of 2021 and $8.0 million for the fourth quarter of 2021. Mortgage origination volume for the first quarter of 2022 was $803.9 million, compared with $789.8 million for the first quarter of 2021 and $817.7 million for the fourth quarter of 2021.
Insurance commission revenue reflected strong seasonal performance at $35.7 million for the first quarter of 2022, compared with $30.7 million for the first quarter of 2021 and $32.6 million for the fourth quarter of 2021. The first quarter of the year has historically been strong due to timing of annual renewals.
The full quarter's impact of the legacy Cadence merger drove the linked quarter increases in wealth management revenue, deposit service fees and other noninterest revenue. Wealth management revenue was $21.7 million for the first quarter of 2022, compared with $16.4 million for the fourth quarter of 2021, deposit service charge revenue was $19.9 million for the first quarter of 2022 compared with $17.7 million for the fourth quarter of 2021, and other noninterest revenue was $18.3 million for the first quarter of 2022, compared with $14.1 million for the fourth quarter of 2021. Credit card, debit card and merchant fee revenue was $12.1 million for the first quarter of 2022, compared with $12.8 million for the fourth quarter of 2021 reflecting seasonally soft first quarter fees.
Noninterest Expense
Noninterest expense for the first quarter of 2022 was $291.7 million, compared with $155.8 million for the first quarter of 2021 and $289.2 million for the fourth quarter of 2021. Adjusted noninterest expense for the first quarter of 2022 was $281.0 million, compared with $154.2 million for the first quarter of 2021 and $239.1 million for the fourth quarter of 2021. The adjusted efficiency ratio was 63.5 percent for the first quarter of 2022, stable as compared to the fourth quarter of 2021.
The increase in adjusted noninterest expense compared to the linked quarter was due to a full quarter of the legacy Cadence merger as well as seasonally higher compensation costs including payroll taxes and 401k match, partially offset by initial efficiencies associated with the legacy Cadence merger.
Adjusted noninterest expense excludes merger expense included as a separate line item on the income statement as well as incremental merger related expenses that are included in the respective expense categories. Merger expenses represent costs to complete the merger with no future benefit, while incremental merger related expenses represent costs to complete the merger for which the entity receives a future benefit. Merger expense was $4.0 million for the first quarter of 2022, compared with $1.7 million for the first quarter of 2021 and $44.8 million for the fourth quarter of 2021. Merger expense for the first quarter of 2022 was comprised primarily of contract and conversion related expenses as well as compensation related items. Incremental merger related expenses for the first quarter of 2022 totaled $6.6 million that included primarily employee retention and marketing related expenses.
Capital Management
Total shareholder's equity was $4.64 billion at March 31, 2021 compared with $2.83 billion at March 31, 2021 and $5.25 billion at December 31, 2021. The decline in the linked quarter is largely due to a decline in Other Comprehensive Income ("OCI") due to increased unrealized losses in the available-for-sale securities portfolio driven by changes in valuation due to the significant changes in interest rates in the quarter. In addition to the OCI change, shareholder's equity was impacted by dividends and share repurchases, partially offset by earnings.
The Company's ratio of shareholders' equity to assets was 9.84 percent at March 31, 2022, compared with 10.95 percent at March 31, 2021 and 11.01 percent at December 31, 2021. The ratio of tangible common shareholders' equity to tangible assets was 6.31 percent at March 31, 2022, compared with 7.04 percent at March 31, 2021 and 7.54 percent at December 31, 2021.
During the first quarter of 2022, the Company repurchased 5.1 million shares of its common stock pursuant to its share repurchase program. The company has 4.9 million shares remaining on its current share repurchase authorization which will expire December 30, 2022.
Additionally during the first quarter of 2022, the Company increased its quarterly common share dividend to $0.22 per common share, representing the 10th continuous year of increased dividends.
Estimated regulatory capital ratios at March 31, 2022 included Common Equity Tier 1 capital of 10.57 percent, Tier 1 capital of 11.05 percent, Total risk-based capital of 13.27 percent, and Tier 1 leverage capital of 8.24 percent.
Summary
Rollins concluded, "Our first quarter results, which mark the first full quarter of combined financial results for the new Cadence Bank, highlight the strengths and the value that each respective board and management team saw in this transaction. We are pleased with our performance thus far and look forward to continued success together as we complete our integration efforts."
RECENT MERGER TRANSACTIONS
Cadence Bancorporation (NYSE: CADE)
On October 29, 2021, the Company completed the merger with Cadence Bancorporation, the parent company of Cadence Bank N.A., (collectively referred to as legacy Cadence), pursuant to which legacy Cadence was merged with and into the Company (the Cadence Merger). Legacy Cadence operated 99 full-service banking offices in the southeast. As of October 29, 2021, legacy Cadence reported total assets of $18.8 billion, total loans of $11.6 billion and total deposits of $16.3 billion. Under the terms of the definitive merger agreement, each legacy Cadence shareholder received 0.70 shares of the Company's common stock in exchange for each share of Cadence common stock they held. In addition, legacy Cadence paid a one-time special dividend of $1.25 per share on October 28, 2021. In connection with the closing of the Cadence merger, the Company changed its name from "BancorpSouth Bank" to "Cadence Bank" and also changed its NYSE ticker symbol from "BXS" to "CADE". For more information regarding the Cadence Merger, see our Current Report on Form 8-K that was filed with the Federal Deposit Insurance Corporation (FDIC) on October 29, 2021 and the 2021 Annual Report Form 10-K filed with the FDIC. Due to the Company's evaluation of post-merger activity and the extensive information gathering and management review processes required to properly record acquired assets and liabilities, the Company considers its valuations of legacy Cadence's assets and liabilities to be provisional estimates as management continues to identify and assess information regarding the nature of these assets and liabilities for the associated valuation assumptions and methodologies used.
FNS Bancshares, Inc.
On May 1, 2021, the Company completed the merger with FNS Bancshares, Inc., the parent company of FNB Bank, (collectively referred to as FNS), pursuant to which FNS was merged with and into the Company. FNS operated 17 full-service banking offices in Alabama, Georgia and Tennessee. The merger expanded the Company's presence in Jackson, DeKalb and Marshall counties in Alabama and the Chattanooga, Tennessee-Georgia and Nashville-Davidson-Murfreesboro-Franklin, Tennessee metropolitan statistical areas. As of May 1, 2021, FNS reported total assets of $826.6 million, total loans of $464.7 million and total deposits of $720.7 million. Under the terms of the definitive merger agreement, the Company issued approximately 2,975,000 shares of the Company's common stock plus $18.0 million in cash for all outstanding shares of FNS. For more information regarding this transaction, see our Current Report on Form 8-K that was filed with the FDIC on May 3, 2021.
National United Bancshares, Inc.
On May 1, 2021, the Company completed the merger with National United Bancshares, Inc., the parent company of National United, (collectively referred to as National United), pursuant to which National United was merged with and into the Company. National United operated 6 full-service banking offices in the Killeen-Temple, Texas; Waco, Texas; and Austin-Round Rock-Georgetown, Texas metropolitan statistical areas. As of May 1, 2021, National United reported total assets of $817.3 million, total loans of $434.6 million and total deposits of $742.9 million. Under the terms of the definitive merger agreement, the Company issued approximately 3,110,000 shares of the Company's common stock plus $33.25 million in cash for all outstanding shares of National United. For more information regarding this transaction, see our Current Report on Form 8-K that was filed with the FDIC on May 3, 2021.
Non-GAAP Measures and Ratios
This news release presents certain financial measures and ratios that are not calculated in accordance with U.S. generally accepted accounting principles (GAAP). A discussion regarding these non-GAAP measures and ratios, including reconciliations of non-GAAP measures to the most directly comparable GAAP measures and definitions for non-GAAP ratios, appears under the caption "Reconciliation of Non-GAAP Measures and Other Non-GAAP Ratio Definitions" beginning on page 22 of this news release.
Conference Call and Webcast
The Company will conduct a conference call to discuss its first quarter 2022 financial results on April 26, 2022, at 10:00 a.m. (Central Time). This conference call will be an interactive session between management and analysts. Interested parties may listen to this live conference call via Internet webcast by accessing http://ir.cadencebank.com/events. The webcast will also be available in archived format at the same address.
About Cadence Bank
Cadence Bank (NYSE: CADE) is a leading regional banking franchise with approximately $47 billion in assets and more than 400 branch locations across the South, Midwest and Texas. Cadence provides consumers, businesses and corporations with a full range of innovative banking and financial solutions. Services and products include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, and personal and business insurance. Cadence is committed to a culture of respect, diversity and inclusion in both its workplace and communities. Cadence Bank, Member FDIC. Equal Housing Lender.
Forward-Looking Statements
Certain statements made in this news release are not statements of historical fact and constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and are subject to the safe harbor created thereby under the Private Securities Litigation Reform Act of 1995. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "aspire," "assume," "believe," "budget," "contemplate," "continue," "could," "estimate," "expect," "forecast," "foresee," "goal," "hope," "indicate," "intend," "may," "might," "outlook," "plan," "project," "projection," "predict," "prospect," "potential," "roadmap," "seek," "should," "target," "will," and "would," or the negative versions of those words or other comparable words of a future or forward-looking nature. These forward-looking statements may include, without limitation, discussions regarding general economic, interest rate, real estate market, competitive, employment, and credit market conditions, including the economic impact of the COVID-19 pandemic (including any variant of the COVID-19 virus) on the Company's business; the Company's assets; business; cash flows; financial condition; liquidity; prospects; results of operations; deposit and customer repo growth; interest and fee-based revenue; capital resources; capital metrics; efficiency ratio; valuation of mortgage servicing rights; net income; net interest revenue; non-interest revenue; net interest margin; interest expense; non-interest expense; earnings per share; interest rate sensitivity; interest rate risk; balance sheet and liquidity management; off-balance sheet arrangements; fair value determinations; asset quality; credit quality; credit losses; provision and allowance for credit losses, impairments, charge-offs, recoveries and changes in loan volumes; investment securities portfolio yields and values; ability to manage the impact of pandemics, natural disasters and other force majeure events; adoption and use of critical accounting policies; adoption and implementation of new accounting standards and their effect on the Company's financial results and the Company's financial reporting; utilization of non-GAAP financial metrics; declaration and payment of dividends; ability to pay dividends or coupons on the Company's 5.5% Series A Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share, or the 4.125% Fixed-to-Floating Rate Subordinated Notes due November 20, 2029; mortgage origination volume; mortgage servicing and production revenue; insurance commission revenue; implementation and execution of cost savings initiatives; ability to successfully litigate, resolve or otherwise dispense with threatened, pending, ongoing and future litigation and governmental, administrative and investigatory matters; ability to successfully complete pending or future acquisitions, dispositions and other strategic growth opportunities and initiatives; ability to successfully obtain regulatory approval for acquisitions and other growth initiatives; ability to successfully integrate and manage acquisitions; opportunities and efforts to grow market share; reputation; ability to compete with other financial institutions; ability to recruit and retain key employees and personnel; access to capital markets; availability of capital; investments in the securities of other financial institutions; and ability to operate the Company's regulatory compliance programs in accordance with applicable law.
Forward-looking statements are based upon management's expectations as well as certain assumptions and estimates made by, and information available to, the Company's management at the time such statements were made. Forward-looking statements are not historical facts, are not guarantees of future results or performance and are subject to certain known and unknown risks, uncertainties and other factors that are beyond the Company's control and that may cause actual results to differ materially from those expressed in, or implied by, such forward-looking statements. These risks, uncertainties and other factors include, without limitation, potential delays or other problems in implementing and executing the Company's growth, expansion and acquisition strategies, including delays in obtaining regulatory or other necessary approvals or the failure to realize any anticipated benefits or synergies from any acquisitions or growth strategies; the risks of changes in interest rates and their effects on the level and composition of deposits, loan demand and the values of loan collateral, securities and interest sensitive assets and liabilities; the impact of inflation on consumers; the failure of assumptions underlying the establishment of reserves for possible credit losses, fair value for loans and other real estate owned; changes in real estate values; the availability of and access to capital; possible downgrades in the Company's credit ratings or outlook which could increase the costs or availability of funding from capital markets; the ability to attract new or retain existing deposits or to retain or grow loans; the ability to grow additional interest and fee income or to control noninterest expense; the potential impact of the proposed phase-out of the London Interbank Offered Rate ("LIBOR") or other changes involving LIBOR; competitive factors and pricing pressures, including their effect on the Company's net interest margin; general economic, unemployment, credit market and real estate market conditions, and the effect of such conditions on the creditworthiness of borrowers, collateral values, the value of investment securities and asset recovery values; changes in legal, financial and/or regulatory requirements; recently enacted and potential legislation and regulatory actions and the costs and expenses to comply with new and/or existing legislation and regulatory actions; the enforcement efforts of federal and state bank regulators; possible adverse rulings, judgments, settlements and other outcomes of pending, ongoing and future litigation and governmental, administrative and investigatory matters; the ability to keep pace with technological changes, including changes regarding maintaining cybersecurity; the impact of failure in, or breach of, the Company's operational or security systems or infrastructure, or those of third parties with whom the Company does business, including as a result of cyber-attacks or an increase in the incidence or severity of fraud, illegal payments, security breaches or other illegal acts impacting the Company or the Company's customers; natural disasters or acts of war or terrorism; the adverse effects of the ongoing global COVID-19 pandemic, including the magnitude and duration of the pandemic, and the effect of actions taken to mitigate the impact of the COVID-19 pandemic on the Company, the Company's employees, the Company's customers, the global economy and the financial markets; international or political instability including the impacts related to or resulting from Russia's military inaction in Ukraine, including the imposition of additional sanctions and export controls, as well as the broader impacts to financial markets and the global macroeconomic and geopolitical environments; impairment of the Company's goodwill or other intangible assets; losses of key employees and personnel; adoption of new accounting standards, or changes in existing standards; the outcome of any legal proceedings that may be instituted against the Company or Cadence in respect of the Cadence Merger; the ability of the Company and Cadence to meet expectations regarding the timing, completion and accounting and tax treatments of the Cadence Merger; the risk that any announcements relating to the Cadence Merger could have adverse effects on the market price of the capital stock of the combined company; the possibility that the anticipated benefits of the Cadence Merger will not be realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where the combined company does business; the possibility that the Cadence Merger may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management's attention from ongoing business operations and opportunities; the possibility that the parties may be unable to achieve expected synergies and operating efficiencies in the Cadence Merger within the expected timeframes or at all and to successfully integrate Cadence's operations and those of the Company; such integration may be more difficult, time consuming or costly than expected; revenues following the Cadence Merger may be lower than expected; potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the Cadence Merger; the combined company's success in executing its business plans and strategies and managing the risks involved in the foregoing; the dilution caused by the Company's issuance of additional shares of its capital stock in connection with the Cadence Merger and other factors as detailed from time to time in the Company's press and news releases, periodic and current reports and other filings the Company files with the FDIC.
The foregoing factors should not be construed as exhaustive and should be read in conjunction with those factors that are set forth from time to time in the Company's periodic and current reports filed with the FDIC, including those factors included in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 under the heading "Item 1A. Risk Factors," in the Company's Quarterly Reports on Form 10-Q under the heading "Part II-Item 1A. Risk Factors" and in the Company's Current Reports on Form 8-K.
Although the Company believes that the expectations reflected in these forward-looking statements are reasonable as of the date of this news release, if one or more events related to these or other risks or uncertainties materialize, or if the Company's underlying assumptions prove to be incorrect, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Accordingly, undue reliance should not be placed on any forward-looking statements. The forward-looking statements speak only as of the date of this news release, and the Company does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by applicable law. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. All written or oral forward-looking statements attributable to the Company are expressly qualified in their entirety by this section.
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/2022/04/25/cadence-bank-announces-first-quarter-2022-financial-results/ | 2022-04-26T00:22:48Z |
WILLIAMSPORT, Pa. (AP) — Nathan Eovaldi and John Schreiber used their sliders without throwing a pitch. The Boston Red Sox pitchers grabbed their hunks of flattened cardboard and took flight for the traditional slide down the outfield hill outside the Little League World Series stadium.
Orioles manager Brandon Hyde hit the hill and raced head-to-head against his 14-year-old son in the cardboard challenge.
“I wasn’t sure,” Hyde said with a laugh. “But once I saw people going down, I wanted to try it. You never know when you’re going to be back.”
Oh, and Hyde won the father-son competition.
“A little more mass rolling down,” he said.
On a sunny Sunday morning, the Red Sox and Baltimore Orioles acted like kids again as they mingled with Little League stars from around the globe at the site of the pinnacle of youth baseball.
Hours later, it was time to trash the soggy cardboard. The Red Sox and Orioles could have used a raft to get around the rainy field. Weather warning signs flashed on the scoreboard instead of the starting lineups.
The heavy rains subsided eventually and the Red Sox and Orioles played the Major League Baseball Little League Classic on Sunday night at 2,366-seat Historic Bowman Field. President George W. Bush shook hands with Orioles players in front of the dugout and later went into the stands to meet the Little Leaguers and their families that made up the crowd.
The 2023 game is already set: the Washington Nationals and Philadelphia Phillies will play Sunday Aug. 20 in the sixth edition of the game. The Phillies lost to the Mets in the 2018 game. Nick Pivetta took the loss for the Phillies in that one — and he got the start for the Red Sox on Sunday night.
After playing Saturday at Camden Yards, the Orioles and Red Sox were greeted Sunday morning at the airport by smiling Little Leaguers and they signed autographs — yes, even the 12-year-olds signed jerseys and balls for the big leaguers — and watched some of the early Little League World Series games.
Red Sox manager Alex Cora called a visit with his native Puerto Rico’s Little League team “a great experience.” And yes, his baseball cap turned backward, Cora also dove head-first onto the cardboard and sailed down the hill. He also sat in the rear of a makeshift race car with members of the Little League team out of Guaynabo, Puerto Rico.
Most of the Orioles had their Little League photos at their locker inside the cramped clubhouse of the non-affiliated Williamsport Crosscutters.
Who was that Oriole wearing No. 8 taking off for first base in his Pop Warner football cleats after a swing of the bat?
Cal Ripken Jr.?
Nope, try Orioles outfielder Austin Hays who gave the uniform a test drive as a kid playing Little League in Florida. Hays had no trouble finding the throwback photo — the original still hangs on his grandmother’s refrigerator.
Hays said the day was the kind of experience he would have loved growing up. Not many kids can say they reached the Little League World Series. Now, they get the added perk of meeting baseball stars. The lucky few raced against the O’s.
“I made it about halfway down. Fell off my piece of cardboard,” Hays said. “The kid I was racing fell off his, too. So I ran back up, hopped on mine and he tried to go down without his, so I think I won by disqualification.”
Not all the big leaguers were Williamsport rookies. Now Boston’s game-planning coordinator, former Red Sox star Jason Varitek, led Altamonte Springs out of Florida to the 1984 United States championship. Varitek’s advice to today’s Little Leagues is much the same as what he received 38 years ago.
“Enjoy the moment, enjoy the atmosphere, trade pins,” Varitek said as he headed into Sunday’s game. “Meet other players from other countries. Leave your best out there. Enjoy being where you are.”
Of course, the $7 hot dogs at the concession stand — only a buck at your local Little League field — and the poker chips stacked during the clubhouse card game showed this was still a major league experience in the town for pint-sized players.
The Little League Classic is MLB’s latest experiment to try and attract new fans — and re-ignite the passion of lapsed ones — through offbeat settings. The last one was a hit — Major League Baseball’s second “Field of Dreams” game last week came straight out of the cornfields of Dyersville, Iowa. More than 3.1 million viewers watched Fox Sports’ broadcast of the game, the most-watched regular-season baseball game on any network this year.
ESPN had Sunday’s telecast and promised all the added features that make the game a more appealing watch to kids. Much like other Sunday night telecasts, the telecast is expected to include a mic’d up player to talk to the broadcast booth. There’s also an all-kids broadcast team on ESPN2.
“This is our job now. We get paid to do it,” Hays said. “But at the end of the day, we were in those kids shoes and we started playing the game because it was fun. Something we liked to do. And it led us to here.”
___
More AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/kids-again-red-sox-orioles-cardboard-race-little-leaguers/ | 2022-08-22T21:25:49Z |
BOSTON, July 27 2022
- Appointment aligns with recognized high growth potential for INNOVO® in the US.
- A strong endorsement for the scientific and clinical credibility of INNOVO® as an accessible treatment for Stress Urinary Incontinence (SUI).
- Endorses FemTech as a high potential investment category.
/PRNewswire/ -- Today Atlantic Therapeutics, a Galway, Ireland and Boston, USA-based MedTech innovator, announces the appointment of Russell Medford MD, PhD as Chairman. The addition of Dr Medford to the Board is a significant step to fulfill the potential of the INNOVO® brand in the large and under-served US stress urinary incontinence (SUI) market.
Dr Medford is a senior healthcare and life sciences executive with extensive private and public company experience. Currently he serves as Chairman and CEO of Covanos, Inc, a medical technology company focused on advanced cardiovascular diagnostics.
He has also led companies and organizations engaged in comprehensive therapeutic drug research and development and has executed multiple strategic partnerships with major pharmaceutical companies.
He has extensive experience in both the private and public financial markets, including initial public offerings raising over $500 million for corporate, clinical development and research programs and returning over $2.5 billion in shareholder value. He currently serves as a Board member of ThermoGenesis Holdings (Nasdaq:THMO), engaged in development and commercialization of automated cell processing technologies for cell and gene therapy. He has served on multiple public and private company Boards.
Dr Medford is a board-certified physician, an inaugural Fellow of the Council on Basic Cardiovascular Sciences of the American Heart Association and has held faculty positions at Harvard Medical School and the Emory University School of Medicine.
He currently serves as Chairman of the Center for Global Health Innovation, past Chairman and current member of the External Advisory Board for the Petit Institute of Bioscience and Bioengineering of the Georgia Institute of Technology, and the Executive Committee of the Board of Directors for the Global Center for Medical Innovation.
On joining the Board of Atlantic Therapeutics, Dr Medford commented: "From the first conversations with CEO, Susan Trent and other Board members, I could clearly see the huge potential of INNOVO® to positively change the outcome for women living with SUI. This very prevalent, yet under-served condition impacts the lives of many millions of women. It requires a treatment that is safe, clinically proven and easily accessible.
Since its FDA approval and launch onto the US market in 2020, INNOVO® has demonstrated that it can fulfil that requirement and has already transformed the lives of tens of thousands of women. I am delighted to apply my experience to help this innovative company realize its full potential"
Susan Trent, CEO commented: "I am delighted to welcome Dr Medford to the Atlantic Therapeutics Board. His experience in both clinical and commercial environments, as well as his obvious passion for delivering effective and innovative healthcare solutions in areas of unmet need, will be a major catalyst to maximize the potential for INNOVO®"
INNOVO® is an FDA-Approved, CE-marked treatment for women suffering from Stress Urinary Incontinence. It works by delivering clinically proven, safe, non-invasive pelvic- floor stimulation via unique wearable technology. In the privacy of their own home, women can simply wear the INNOVO® shorts technology for a 30-minute pelvic floor workout. Innovative NMES (neuromuscular electrical stimulation) technology embedded in the INNOVO® shorts does the work to strengthen and re-educate their pelvic floor muscles, giving women the opportunity to live life free from bladder leaks in as little as three months. Extensive clinical trial outcomes conducted on over 600 subjects consistently confirm improvements in key outcomes, symptoms and acceptability. Underpinned by this compelling peer-reviewed science, INNOVO® has received numerous prestigious awards for innovation and technology and is revenue generating in both the USA and Europe.
Based in Galway, Ireland and Boston, MA, Atlantic Therapeutics develops consumer medical devices, related software, apps and connected health technologies to treat all types of incontinence. The company's mission is to improve the quality of life of millions of people each year, by enabling them to restore and strengthen their pelvic health, thus regaining the confidence and control to lead active lives. Atlantic Therapeutics has attracted both international VC investment and enterprise grant funding and is experiencing high growth, establishing INNOVO® as the leading Femtech solution to treat SUI. For more information, please visit www.myinnovo.com.
Contacts: Daniel Forde, 00353 852823340, dforde@myinnovo.com
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SOURCE Atlantic Therapeutics | https://www.kxii.com/prnewswire/2022/07/27/atlantic-therapeutics-announces-appointment-russell-medford-md-phd-new-us-based-chairman/ | 2022-07-27T12:35:30Z |
TEL AVIV, Israel, June 17, 2022 /PRNewswire/ -- Galmed Pharmaceuticals Ltd. (Nasdaq: GLMD) ("Galmed" or the "Company"), a clinical-stage biopharmaceutical company for liver, metabolic, fibrosis and inflammatory diseases today announced that the Company received a letter from the Nasdaq Listing Qualifications (the "Letter"), indicating that the Company is not in compliance with the minimum bid price requirement for continued listing set forth in Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.
Further, the Rules also provide the Company a compliance period of 180 calendar days to regain compliance. According to the Letter, the Company has from June 15, 2022, or until December 12, 2022, to regain compliance with the minimum bid price requirement. The Company can regain compliance, if at any time during this 180 day period, the closing bid price of its ordinary shares is at least $1 for a minimum of ten consecutive business days, in which case the Company will be provided with a written confirmation of compliance and this matter will be closed. In the event the Company does not regain compliance after the initial 180-day period, the Company may then be eligible for an additional time if it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period.
If the Company cannot demonstrate compliance by the end of the 180-day period, the Nasdaq's staff will notify the Company that its ordinary shares are subject to delisting.
The Letter has no immediate effect on the Company's Nasdaq listing or the trading of its ordinary shares, and during the grace period, as may be extended, Galmed's ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol "GLMD".
About Galmed Pharmaceuticals Ltd.
Galmed Pharmaceuticals Ltd. is a clinical stage drug development biopharmaceutical company for liver, metabolic and inflammatory diseases. Our lead compound, Aramchol™, a backbone drug candidate for the treatment of NASH and fibrosis is currently in a Phase 3 registrational study. We are also collaborating with the Hebrew University in the development of Amilo-5MER, a 5 amino acid synthetic peptide and recently initiated a first in human study.
Forward-Looking Statements:
This press release may include forward-looking statements. Forward-looking statements may include, but are not limited to, statements relating to Galmed's objectives, plans and strategies, as well as statements, other than historical facts, that address activities, events or developments that Galmed intends, expects, projects, believes or anticipates will or may occur in the future. These statements are often characterized by terminology such as "believes," "hopes," "may," "anticipates," "should," "intends," "plans," "will," "expects," "estimates," "projects," "positioned," "strategy" and similar expressions and are based on assumptions and assessments made in light of management's experience and perception of historical trends, current conditions, expected future developments and other factors believed to be appropriate. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. Many factors could cause Galmed's actual activities or results to differ materially from the activities and results anticipated in forward-looking statements, including, but not limited to, the following: the timing and cost of Galmed's pivotal Phase 3 ARMOR trial, or the ARMOR Study or any other pre-clinical or clinical trials; completion and receiving favorable results of the ARMOR Study for Aramchol or any other pre-clinical or clinical trial; the impact of the COVID-19 pandemic; regulatory action with respect to Aramchol or any other product candidate by the FDA or the EMA; the commercial launch and future sales of Aramchol or any other future products or product candidates; Galmed's ability to comply with all applicable post-market regulatory requirements for Aramchol or any other product candidate in the countries in which it seeks to market the product; Galmed's ability to achieve favorable pricing for Aramchol or any other product candidate; Galmed's expectations regarding the commercial market for NASH patients or any other indication; third-party payor reimbursement for Aramchol or any other product candidate; Galmed's estimates regarding anticipated capital requirements and Galmed's needs for additional financing; market adoption of Aramchol or any other product candidate by physicians and patients; the timing, cost or other aspects of the commercial launch of Aramchol or any other product candidate; the development and approval of the use of Aramchol or any other product candidate for additional indications or in combination therapy; Galmed's expectations regarding licensing, acquisitions and strategic operations; and the outcome of any evaluation of Galmed's strategic alternatives. More detailed information about the risks and uncertainties affecting Galmed is contained under the heading "Risk Factors" included in Galmed's most recent Annual Report on Form 20-F filed with the SEC on May 2, 2022, and in other filings that Galmed has made and may make with the SEC in the future. The forward-looking statements contained in this press release are made as of the date of this press release and reflect Galmed's current views with respect to future events, and Galmed does not undertake and specifically disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Galmed Pharmaceuticals Ltd. | https://www.mysuncoast.com/prnewswire/2022/06/17/galmed-pharmaceuticals-announces-receipt-nasdaq-minimum-bid-price-notification/ | 2022-06-17T20:42:05Z |
SHENZHEN, China, June 29, 2022 /PRNewswire/ -- Global LED solutions manufacturer Absen, has announced that an historic milestone has been reached. The expansion plan for Absen's global partnership network has been a success and has reached the 1000 channel partner mark. The valued partnership network is a keystone of Absen's global architecture, and the success of the recruitment drive strengthens the company's leading position as LED innovations and technologies specialist and supports market growth.
The LED display market continues to experience exponential growth. LED display technology has set the standard as the preferred solution in every application, overtaking once-established, alternative technologies such as projection. Growth is driven by innovative technological developments such as the current Micro and Mini-LED technology. As Micro and Mini-LED becomes more widespread, new technologies advance and continue to drive demand in the global LED industry.
Absen's commitment to increase its global partnership reach with the expansion of its overseas channels, is directly supportive of the industry's exponential growth.
Absen already operates in over 130 regions, covering domestic and overseas markets with a team of over 2,000 employees and representatives who are responsible for the completion of over 50,000 projects to date.
From the company's beginning in 2001, Absen began to build its network. With two decades in the LED industry, Absen has an impressive set of established global partnerships and is committed to working alongside businesses with a similar ideology, vision and drive to its own.
Absen's channel policy is built upon a healthy and effective cooperation environment, profitability, quality and service, and the commitment and ability to think globally whilst acting locally.
Laura Luo, Absen's Head of Global Markets, said, "Enterprises choose to join Absen as valued partners because of the brand reputation, the organisation, the product quality, and the channel policy, amongst other things."
"In turn, we have looked for and found partners who share the business ideologies that we, as a company, feel very strongly about. Supporting growth sustainably will be a collective effort we are committed to taking forward with our new partners."
Sustainability is one of the core values, alongside honesty, gratitude and responsibility, to which Absen attributes its two decades of success as market leaders.Over the past five years, Absen has made huge strides in its sustainability and energy conservation commitments, reducing carbon emissions by approximately 700,000 tons in that time.
Looking to the future, the new high caliber partners will be trained, guided and supported by the extensive knowledge of the Absen team in an environment of trust, and will fully benefit from the opportunities LED presents to the global market.
Meanwhile, Absen's capacity to nurture new partnerships continues. The LED manufacturer is committed to the growth of its global network so that its passion for sustainable innovation in LED can be appreciated across the globe through like-minded LED integration companies and ultimately the end users themselves.
Absen welcomes new valued channel partners now and in the future.
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SOURCE Absen | https://www.mysuncoast.com/prnewswire/2022/06/30/absen-reaches-an-historic-milestone-signing-1000-global-channel-partners/ | 2022-06-30T03:45:20Z |
Only a locked classroom door stood between Pete Arredondo and a chance to bring down the gunman. It was sturdily built with a steel jamb, impossible to kick in.
One key and he could get through that door to the kids and the teachers. Arredondo thought he could shoot the gunman himself or at least draw fire while another officer shot back. Without body armor, he assumed he might die.
“The only thing that was important to me at this time was to save as many teachers and children as possible,” Arredondo said.
The chief of police for the Uvalde school district spent more than an hour in the hallway of Robb Elementary School. He called for tactical gear, a sniper and keys, holding back from the doors for 40 minutes to avoid provoking sprays of gunfire. When keys arrived, he tried dozens of them, but one by one they failed to work.
“Each time I tried a key I was just praying,” Arredondo said. Finally, 77 minutes after the massacre began, officers were able to unlock the door and fatally shoot the gunman.
In his first extended comments since the May 24 massacre, the deadliest school shooting in Texas history,
Arredondo gave The Texas Tribune an account of what he did inside the school during the attack. He answered questions via a phone interview and in statements provided through his lawyer, George E. Hyde.
Aside from the Texas Department of Public Safety, which did not respond to requests for comment for this article, Arredondo is the only other law enforcement official to publicly tell his account of the police response.
Arredondo, 50, insists he took the steps he thought would best protect lives at his hometown school.
“My mind was to get there as fast as possible, eliminate any threats, and protect the students and staff,” Arredondo said. He noted that some 500 students from the school were safely evacuated during the crisis.
Arredondo’s decisions — like those of other law enforcement agencies that responded to the massacre that left 21 dead — are under intense scrutiny.
Whether the inability of police to quickly enter the classroom prevented the 21 victims — 19 students and two educators — from getting life-saving care is not known, and may never be. There’s evidence, including the fact that a teacher died while being transported to the hospital, that suggest taking down the shooter faster might have made a difference. On the other hand, many victims likely died instantly. A pediatrician who attended to the victims described small bodies “pulverized” and “decapitated.” Some children were identifiable only by their clothes and shoes.
In the maelstrom of anguish, outrage and second-guessing that followed the second deadliest school shooting in American history, the time Arredondo and other officers spent outside that door — more than an hour — have become emblems of failure.
As head of the six-member police force responsible for keeping Uvalde schools safe, Arredondo has been singled out for much of the blame. State officials criticized him for failing to take control of the police response and said he made the “wrong decision” that delayed officers from entering the classroom.
Arredondo has faced death threats. News crews camped outside his home, forcing him to go into hiding. He’s been called cowardly and incompetent.
Neither accusation is true or fair, he said.
Arredondo said, “We responded to the information that we had and had to adjust to whatever we faced. Our objective was to save as many lives as we could, and the extraction of the students from the classrooms by all that were involved saved over 500 of our Uvalde students and teachers before we gained access to the shooter and eliminated the threat.”
The Tribune spoke to seven law enforcement experts about Arredondo’s description of police response. All but one said serious lapses in judgment occurred.
They said by running into the school with no key or radios and failing to take charge of the situation, the chief appears to have contributed to a chaotic approach in which officers deployed inappropriate tactics, adopted a defensive posture, failed to coordinate, and wasted precious time as students and teachers remained trapped in two classrooms with a gunman who continued to fire his rifle.
Hyde, Arredondo’s lawyer, said those criticisms don’t reflect realities police face when under fire and trying to save lives. Uvalde’s small band of school police officers doesn’t have the staffing, equipment, training or experience with mass violence that larger cities might.
His client ran straight toward danger armed with 29 years of law enforcement experience and a Glock 22 handgun, with no body armor and no second thoughts.
77 minutes
Within seconds of arriving at the northeast entrance of Robb Elementary around 11:35 a.m., Arredondo left his police and campus radios outside the school.
To Arredondo, the choice was logical. Every second mattered. He wanted both hands free to hold his gun and fire quickly and accurately.
He said he didn’t speak out sooner because he didn’t want to compound the community’s grief or cast blame at others.
Thinking he was the first officer to arrive and wanting to waste no time, Arredondo believed that carrying the radios would slow him. Arredondo said the radios did not work in some school buildings.
But that decision meant he was not in radio contact with scores of other officers from at least five agencies at the scene.
Arredondo teamed with a Uvalde Police officer and began checking classrooms for the gunman. A teacher pointed them to the wing the gunman entered. As they ran toward it, they heard a “great deal of rounds” fired off inside. Arredondo believes that was the moment the gunman first entered adjoining classrooms 111 and 112. Both doors were locked.
Arredondo remembers the gunman fired a burst from inside the classroom, grazing Uvalde Police officers approaching from the north. Some bullets pierced the classroom door. Others lodged in the wall adjacent to the hallway, where there were other classrooms. The officers on the north end of the hallway retreated after being shot, but weren’t seriously injured and returned shortly after.
Because the gunman was inside the locked classroom, measures meant to protect teachers and students in mass shooting situations worked against police trying to gain entry.
Arredondo described the classroom door as reinforced with a hefty steel jamb, designed to keep an attacker on the outside from forcing in. Arredondo believed the situation had changed from that of an active shooter to a gunman who had barricaded himself in a classroom with potential other victims.
DPS officials and news outlets reported that the shooter fired his gun at least two more times as police waited in the hallway outside the classrooms for more than an hour. DPS officials said dispatchers were relaying information about 911 calls coming from children and teachers in the classrooms, begging the police for help.
Arredondo said he was not aware of the 911 calls because no one in the hallway relayed that to him. Arredondo and other officers in the hallway took great pains to remain quiet. Arredondo said they had no radio communications — and even if they’d had radios, his lawyer said, they would have turned them off in the hallway to avoid giving away their location. They passed information in whispers for fear of drawing another round of gunfire.
Finding no way to enter the room, Arredondo called police dispatch from his cellphone and asked for a SWAT team, snipers and extrication tools, such as a fire hook, to open the door.
Arredondo remained in the hallway for the rest of the ordeal, waiting for a way to get into the room.
He assumed that some other officer or official had taken control of the larger response. He took on the role of a front-line responder.
He said he never considered himself the scene’s incident commander and did not give any instruction that police should not attempt to breach the building. DPS officials have described Arredondo as the incident commander and said Arredondo made the call to stand down and treat the incident as a “barricaded suspect,” which halted the attempt to enter the room and take down the shooter. “I didn’t issue any orders,” Arredondo said. “I called for assistance and asked for an extraction tool to open the door.”
Officers in the hallway had few options. At some point, Arredondo tried to talk to the gunman through the walls in an effort to establish a rapport, but the gunman did not respond.
With the gunman still firing sporadically, Arredondo realized that children and teachers in adjacent rooms remained in danger if the gunman started shooting through the walls.
“The ammunition was penetrating the walls at that point,” Arredondo said. “We’ve got him cornered, we’re unable to get to him. You realize you need to evacuate those classrooms while we figured out a way to get in.”
Arredondo told officers to start breaking windows from outside other classrooms and evacuating those children and teachers. He wanted to avoid having students coming into the hallway.
At one point, a Uvalde officer noticed Arredondo was not wearing body armor. Worried for the chief’s safety, the Uvalde officer offered to cover for Arredondo while he ran out of the building to get it.
“I’ll be very frank. He said, ‘(Expletive) you. I’m not leaving this hallway,’” Hyde recounted. “He wasn’t going to leave without those kids.”
Unlike some other school district police departments, Uvalde Consolidated Independent School District officers don’t carry master keys to the schools they visit. Instead, they request them from an available staff member.
Robb Elementary did not have a modern system of locks and access control. “You’re talking about a key ring that’s got to weigh 10 pounds,” Hyde said.
Two key rings didn’t unlock the door.
Eventually, the officers on the north side of the hallway called Arredondo’s cellphone and told him they had a key that could open the door.
The officers on the north side of the hallway formed a group of mixed law enforcement agencies, including U.S. Border Patrol, to enter the classroom and take down the shooter, Arredondo said.
At 12:50 p.m., the officers entered the classroom. At last, the shooter, Salvador Ramos, 18, was brought down. A harrowing standoff rapidly became an effort to find the wounded and count the dead.
Expert analysis
The discarded radio, the missing key and the apparent lack of an incident commander are some of questions raised by experts about the response of various agencies involved.
Officers are trained never to abandon radios, their primary communication tool during an emergency, Steve Ijames, a police tactics expert and former assistant police chief of Springfield, Mo. said.
Ijames said it is “inconceivable” that Arredondo’s officers did not have a plan to access any room or building on campus at any moment, given that the school district makes up the entirety of the tiny force’s jurisdiction.
The experts, which included active-shooting researchers and retired law enforcement personnel, homed in on the moment officers found the doors to rooms 111 and 112 locked. Three said this moment afforded Arredondo a chance to step back, regroup and work with other officers to devise a new strategy.
“It takes having someone who has the wherewithal to come up with a quick, tactical plan and executing it,” former Seguin police Chief Terry Nichols said. “It may not be the best plan, but a plan executed vigorously is better than the best unexecuted plan in the world.”
Nichols, who teaches classes on active-shooter responses, said he understands the instinct for command staff to want to confront a gunman themselves. But he said commanders must not lose focus of their role in an emergency.
Active-shooter protocols developed after the 1999 shooting at Columbine High School, where a slow police response delayed medical care that could have saved several victims, train police to confront shooters immediately, without waiting for backup and without regard for their personal safety. An active-shooting training that Uvalde school district police attended in March stressed these tactics, warning that responders likely would be required to place themselves in harm’s way.
“The training that police officers have received for more than a decade mandates that when shots are fired in an active-shooter situation, officers or an officer needs to continue through whatever obstacles they face to get to the shooter, period,” said Katherine Schweit, a retired FBI agent who co-wrote the bureau’s foundational research on mass shootings. “If that means they go through walls, or go around the back through windows, or through an adjoining classroom, they do that.”
Bruce Ure, a former Victoria police chief, said drawing conclusions about police conduct during the shooting is premature since the authorities have not completed investigations. He said he believes Arredondo acted reasonably given the circumstances he faced.
Ure disagreed that Arredondo should have retreated into a command role once other officers arrived, since most active-shooter events last mere minutes. He argued that no amount of ad-hoc planning outside would have changed the outcome of the massacre once the shooter got inside the classrooms.
He said attempting to breach windows or open classroom doors by force were unrealistic options that would have exposed police and children to potentially fatal gunfire with little chance of success. Officers’ only choice, he said, was to wait to find a key, which he agreed should not have taken so long.
Hyde said attempting to enter through windows would have “guaranteed all the children in the rooms would be killed” along with several officers. He said this “reckless and ineffective” action, when police could not see where the shooter was, would have made officers easy targets to be picked off at will.
“There’s no manual for this type of scenario,” Ure said. “If people need to be held appropriately accountable, then so be it. But I think the lynch-mob mentality right now isn’t serving any purpose, and it’s borderline reckless.”
Disclosure: The New York Times has been a financial supporter of The Texas Tribune, a nonprofit, nonpartisan news organization that is funded in part by donations from members, foundations and corporate sponsors. Financial supporters play no role in the Tribune’s journalism. Find a complete list of them here.
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_8d6a06a2-e932-11ec-93a1-23fa53a7ac80.html | 2022-06-11T04:19:16Z |
EAST PROVIDENCE, R.I., June 2, 2022 /PRNewswire/ -- Quantic™ Electronics ("Quantic"), a portfolio company of Arcline Investment Management ("Arcline"), today announced that it will attend the 2022 Eurosatory Show in Paris, France, June 13th – 17th. Representatives from Quantic and recently acquired Quantic Thistle will be available at Stand A411, Hall 5B.
Quantic offers a broad and rapidly expanding portfolio of RF, sensing, and power products serving a diverse set of mission critical applications. Schedule a meeting to visit Thistle's booth at Eurosatory and learn more about Quantic's solutions, including:
- RF/MW Products
o Low-noise crystal oscillators, OpenVPX SOSA/CMOSS compliant oscillator platform, and a high-reliability bootstrap oscillator demonstration
o Highly Integrated Multifunction RF Assemblies / SWAP
o Hybrid MIC/MMIC components, modules and subsystems up to 65 GHz
o RF & logarithmic amplifiers, programmable attenuators, phase shifters, high power limiters, solid-state switch and passive designs in the DC-65 GHz range
o Passive power dividers/combiners, couplers, hybrids, beamformer networks and other custom designs up to 40 GHz; both low and high-power solutions to 250K watts
- Power Products
o Hybrid wet tantalum capacitors providing significant SWaP savings
o MLCC ceramic and MLP film capacitors
o Thin film resistors (OhmegaPly RCM, OhmegaPly RF, TCR, and TCR-EHF)
To schedule a meeting, or to learn more, please contact Quantic at inquiries@quanticnow.com
About Quantic Electronics
Quantic is an electronic component company focused on defining and delivering the future of mission-critical electronics. We have over a century of combined experience as reliable problem-solvers and trusted partners in military, aerospace, industrial and commercial markets. For more information, visit www.quanticnow.com.
About Quantic Thistle (Thistle Design)
Quantic Thistle (Thistle Design MMC Ltd) is a specialist UK-based SME providing innovative sensors for Measurement, Motion and Control applications using unique defense, nuclear and industrial market expertise. To meet the critical demands of customers, Thistle continually develops new solutions and markets and offers a broad range of products and services while maintaining values, quality, and reliability.
Since 1992, Thistle has generated a proud heritage in Optical, Magnetic and Contact Encoders together with Resolvers, Potentiometers and Motors, with products found on all five continents in applications that measure linear and rotary motion, distance travelled, heading and other angular requirements, and have sensors or motors on many of the UK's major platforms, including Challenger, Warrior, Scimitar, AJAX vehicles, Hawk aircraft, Type 45, Type 26 warships and QE Class Carriers, and on both Astute and Dreadnought class submarines. Learn more at www.quanticthistle.com
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SOURCE Quantic Electronics | https://www.kxii.com/prnewswire/2022/06/02/quantic-electronics-exhibit-2022-eurosatory-show-paris-france/ | 2022-06-02T13:01:04Z |
SILVER SPRING, Md., June 2, 2022 /PRNewswire/ -- Today, the U.S. Food and Drug Administration is providing an update on additional steps it has taken that will lead to more infant formula available in the U.S. under the agency's recent increased flexibilities.
Company (Product Origin): Nestlé (Germany)
Product(s): Nestlé NAN Supreme Pro 1 and Nestlé NAN Supreme Pro 2
Type of Formula: General
Estimated Quantity: 249,500 cans (about 440,000 pounds or nearly 6.5 million full-size, 8-ounce bottles)
Availability: Expected June and July – the U.S. Department of Health and Human Services is evaluating options for getting the products to the U.S. as quickly as possible.
More Information and Where to Find the Products: Expected to be sold on Gerber.com and through other online retailers.
The FDA is exercising enforcement discretion for the importation of the infant formula products listed above following the review of information provided pertaining to nutritional adequacy and safety, including microbiological testing, labeling, and additional information about facility production and inspection history.
The agency is leveraging a number of flexibilities to bolster the supply of products that serve as the sole source of nutrition for many infants while ensuring the infant formula can be used safely and provides adequate nutrition. The FDA remains in further discussions with manufacturers and suppliers regarding additional supply to ensure there's adequate infant formula available wherever and whenever parents and caregivers need it.
The FDA issued guidance on May 16 that outlined a process by which the agency would not object to the importation of certain infant formula products intended for a foreign market or distribution in the U.S. of products manufactured here for export to foreign countries. This guidance also may provide flexibilities to those who manufacture infant formula products domestically and may be able to increase further the quantity of domestically produced product for the U.S. market. The agency has posted a webpage that will be updated with information about additional products headed to the U.S.
Ongoing FDA Steps to Increase Availability of Safe, Nutritious Infant Formula
The agency's around-the-clock work as part of the all-of-government efforts has already begun to improve supply and availability. The agency expects that the measures and steps it is taking, and the potential for Abbott Nutrition's Sturgis, Michigan, facility to safely resume production in the near-term, will mean more and more supply is on the way or on store shelves moving forward.
The FDA continues to advise against making infant formulas at home or diluting formula. Parents and caregivers are encouraged to work with their child's health care provider for recommendations on changing feeding practices, if needed. The U.S. Department of Health and Human Services also has additional information available at HHS.gov/formula, including information to help families find infant formula.
The agency also monitors online marketplaces for fraudulent products and works with major online retailers to remove violative and harmful products offered for sale on their sites. Additionally, since many of these fraudulent products originate overseas, the agency targets and examines these products at ports of entry. The FDA also monitors and follows up on various external signals such as consumer complaints about potential counterfeit and fraudulent products.
The FDA will continue to dedicate all available resources to help ensure that safe and nutritious infant formula products remain available for use in the U.S. and will keep the public informed of progress updates.
Additional Information:
- Infant Formula Information and Ongoing FDA Efforts to Increase Supply
- Enforcement Discretion to Manufacturers to Increase Infant Formula Supplies
- HHS.gov/formula
- HHS.gov/news
- FDA Investigation of Cronobacter Infections: Powdered Infant Formula (February 2022)
- Powdered Infant Formula Recall: What to Know
- CDC Information on Cronobacter Infection and Infants
Media Contact: FDA Office of Media Affairs, 301-796-4540
Consumer Inquiries: 888-723-3366
The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation's food supply, cosmetics, dietary supplements, products that give off electronic radiation, and for regulating tobacco products.
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SOURCE U.S. Food and Drug Administration | https://www.mysuncoast.com/prnewswire/2022/06/02/fda-infant-formula-update-june-2-2022/ | 2022-06-02T15:54:02Z |
JAKARTA, Indonesia, July 28, 2022 /PRNewswire/ -- Gold and GemStone Mining, Inc. (OTC: GGSM); "the Company"), a leader in chartering to the World-Famous Mentawai Island and Beyond, Posts Positive Revenues poised for further growth as world travel to Indonesia opens for business.
The Company is highlighting significant achievements solidifying its strong foundation for growth in the coming year.
"We are very pleased with the performance of the Company through the pandemic." stated Volha Zvalinskaya, GGSM, President. "We continue to build a solid base of recurring revenue by issuing Visas, accommodations, and charter boat services into the World class surfing area of the Mentawai Islands. This is due to Company's CEO and CFO, Rudi Khelces, team hard work and determination to offer Clients charters to uncrowded beaches, marine and remote high-quality surfing waves, and providing an unforgettable experience."
Key Highlights April 30, 2022, Quarterly report, Company's Net income increased 43.29% to $2,320,641 from $1,619,530 in the April 30, 2021 Quarterly report, and assets grew to $5,201,804, an increase of 1452% compared to April 30, 2021.
GGSM anticipates further growth ahead with the world reopening as travelers chase the full excitement/exhilaration of the charter services and leisure boating vacation experience, immersing themselves in warm-weather remote uncrowded activities to beaches and marine and high-quality surfing. The GGSM management team is reviewing new opportunities and strategic partnerships while growing a proven business model for continued long-term growth and profitability.
ABOUT GGSM CORPORATION
GGSM is a publicly-traded company, engaged in the charter boat business in the Mentawai Islands and Beyond. The Kuda Laut's charter vessel is a Mentawai Surf Charter vessel to the World-Famous Mentawai Islands. The Kuda Laut has been chartering to the Mentawai, Telos, Nias, and Banyak Islands for over 25 seasons. From the Lagundri Bay in Nias, the Hinakos, the Bay of Plenty in the Banyaks, the Telos long rights, and the famous waves in the Mentawai, such as Rifles. No Kandui, Ebay, etc., in the Playground, to telescopes, Bintang, Lances Right.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our Company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
For More Information, visit https://ggsmglobal.com
Gold and Gemstone Mining, Inc., Investor Relations
- Website: https://ggsmglobal.com
- Email: ir@ggsmglobal.com
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SOURCE Gold and Gemstone Mining, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/28/gold-gemstone-mining-inc-announced-first-quarterly-report-2022/ | 2022-07-28T14:12:40Z |
SIOUX FALLS, S.D. (AP) — A South Dakota ethics board’s finding that Gov. Kristi Noem may have engaged in misconduct by intervening in her daughter’s application for a real estate appraiser license isn’t likely the last word on the matter. But exactly how much more comes out on the episode may be up to the Republican governor herself.
The state’s Government Accountability Board appears to be letting Noem decide whether to defend herself in a public hearing or simply accept an “appropriate action” that the board hasn’t detailed. It presents Noem with a choice: Stick to her defense that she has done nothing wrong and fight the allegations in a public hearing or let the matter quietly die while accepting the board’s action.
How Noem handles the matter may not dent her prospects for reelection this year in a race where she’s heavily favored to win a second term. But it may be important down the road for a politician who has methodically positioned herself to move up in national politics, including for a potential 2024 presidential run.
So far, Noem has chosen to fight — at least in the public sphere. Her reelection campaign spokesman, Ian Fury, lashed out at the board after it moved against her Monday, calling the board’s action “illegal” and portraying the complaints against her as the work of an embittered political enemy. They were filed last year by Jason Ravnsborg, the former Republican attorney general, as he faced pressure from Noem to resign after he struck and killed a pedestrian with his car in 2020.
But neither her office nor her campaign has answered questions on whether she will fight the allegations through a contested case hearing before the board, which was created in 2017 and has never handled a case like Noem’s. Such a proceeding would allow the board’s three retired judges to publicly scrutinize how she took a hands-on role in a state agency while it was evaluating her daughter’s application for an appraiser’s license.
As first reported by The Associated Press, Noem held a meeting in July 2020 that included her daughter, Kassidy Peters, and key decision-makers in Peters’ licensure just days after the agency had moved to deny a license. After the meeting, Peters got another opportunity to demonstrate she could meet federal standards and was ultimately awarded the license.
By accepting the board’s action, Noem could avoid a public hearing over an episode that has drawn condemnation from government ethics experts, her political rivals and even some Republican lawmakers. Ravnsborg has said that it was concern from lawmakers that prompted him to send the complaint to the board.
“We’ll have to wait until the governor’s office makes a decision,” said Gene Kean, a current member of the Government Accountability Board who was appointed after serving more than two decades as a state circuit court judge and chairing the state Judges Association. “That’s sort of a linchpin in this thing.”
But giving up the fight also could have political fallout for Noem, said Alex Conant, a GOP strategist who previously worked as the communications director for Marco Rubio’s 2016 presidential campaign.
“If she doesn’t have a good explanation or is unable to pivot, it could be something that follows her,” Conant said.
The board hasn’t publicly said what action it may take against the governor. Its options in state law allow for a reprimand, a directive to do community service or coursework, as well as other “informal” resolutions that the governor would have to agree to. Statutes don’t describe what the community service or “coursework” might be.
John Pelissero, a scholar at the Markkula Center for Applied Ethics at Santa Clara University, said it’s “unusual” for an ethics board not to publicly announce the action it takes against an accused official.
“It lacks transparency if they do not announce the level of accountability,” he said. “That has the potential to undermine the public’s confidence in the accountability board and in state government generally.”
Meanwhile, the ethics board took another action Monday that holds the potential of not just a finding of ethical misconduct, but illegality. The board asked the state’s attorney general to investigate Noem’s practice of flying on state airplanes to gatherings hosted by political groups like the Republican Jewish Coalition and the National Rifle Association. State law bars the aircraft from being used for anything other than state business, though Noem has said she was acting as an ambassador for the state.
Noem’s gubernatorial challenger, Democratic state Rep. Jamie Smith, pounced on the issue Tuesday and called for Attorney General Mark Vargo to recuse himself and appoint a special prosecutor.
Vargo played a prominent role in the conflict between Noem and Ravnsborg earlier this year by leading the impeachment prosecution against Ravnsborg in the Senate over his actions and accounting of the 2020 crash that killed a pedestrian. After senators convicted Ravnsborg on charges including one that alleged he misled investigators, and removed him from office, Noem — who had pressed for impeachment — named Vargo as interim attorney general.
Vargo said this week he hadn’t made the decision on whether to recuse himself from the state airplanes probe, even as he issued a statement saying any investigation would remain confidential.
Pelissero, the ethics expert, agreed, saying that there was already a perception of a clear conflict of interest. And David Cleveland, a professor at the University of Minnesota Law School who specializes in legal ethics, referred to rules of professional conduct that ban lawyers from cases where they have a conflict of interest or stand to gain personally.
Even some Republican lawmakers said Vargo should recuse himself.
“I personally think it’s only appropriate for him to immediately recuse himself and appoint a special counsel,” said Republican Rep. Scott Odenback. “So that there’s a continued faith and trust in the process that you are held accountable no matter who you are.” | https://cw33.com/news/politics/ap-politics/ap-sd-ethics-board-puts-it-to-noem-whether-to-fight-allegations/ | 2022-08-25T12:04:47Z |
Lawrence police announce transition to ‘less-lethal’ shotguns
LAWRENCE, Kan. (WIBW) - The Lawrence Police Department announced it has made a full transition from traditional patrol shotguns to a less lethal “beanbag” option this week.
The LPD said the old shotguns, which were used beginning in the 1970s are now fully retired and all ammunition has been safely disposed. Officers will complete training on the less lethal shotgun this week.
“Since I began my journey to reimagine policing in Lawrence, I knew this change would take place. When they’re able, officers already utilize safer compliance options such as pepper spray and tasers, so this decision was essentially a no-brainer,” Lawrence Police Chief Rich Lockhart said.
Less lethal shotguns deploy a drag-stabilized beanbag from ranges up to 75 feet, which can give officers more time and distance than typical face-to-face encounters.
“No one wants an incident with a deadly outcome; not the police, not the community, and certainly not the person in crisis nor that person’s family. Having more tools to confine, deescalate, and conclude a dangerous situation, while reducing the risk of fatality, will always be our goal,” Lockhart said.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/07/21/lawrence-police-announce-transition-less-lethal-shotguns/ | 2022-07-21T03:42:50Z |
SAN ANTONIO, Aug. 17, 2022 /PRNewswire/ -- Certified Group, a leading provider of laboratory testing services for customers working in FDA and USDA-regulated markets, today announced a partnership with Groundswell Strategy. The partnership enables Certified Group companies, Food Safety Net Services (FSNS) and EAS Consulting Group (EAS), leading North American providers of laboratory testing and regulatory consulting services, to engage with customers to meet regulatory compliance objectives, ultimately helping respond to and prevent foodborne illness.
Led by former Administrator of USDA's Food Safety and Inspection Service, Carmen Rottenberg, Groundswell Strategy will leverage its expertise in the food and agriculture regulatory space to assist customers meet and exceed regulatory requirements for food safety. Carmen will complement Barry Carpenter, who has a distinguished 37-year career at USDA, heading the Agricultural Marketing Service's (AMS) Livestock and Seed Division. Barry has worked at FSNS over the past few years and adding Carmen to the team will strengthen Certified Group's regulatory representatives. As Certified Group looks to expand opportunities in industry and government for laboratory-testing and consulting services, this partnership will enhance public health outcomes for customers.
"We have a strong history in laboratory testing and FDA regulatory work," said John Bellinger, CEO of Certified Group. "This partnership will help us expand our capabilities in regulated industries and serve both new and existing customers. Ultimately, it will help us broaden our mission of ensuring a high-quality, safe food supply for consumers across North America, and we're excited to get to work."
"Certified Group is a leader in the laboratory testing space, and I'm excited to partner with Certified companies to identify new ways to leverage their services to improve public health," said Groundswell Strategy's Managing Director, Carmen Rottenberg. "As a former government regulator, I experienced firsthand the significant value that testing and regulatory consulting can add to a company's food safety and quality assurance programs. Together, we will provide tools and solutions that benefit our customers and, more importantly, public health."
Certified Group, owned by Warburg Pincus and Tilia Holdings, operates over 30 laboratory testing facilities across North America. For more information on laboratory testing, visit www.fsns.com and www.certified-laboratories.com. For more information on regulatory consulting, visit www.easconsultinggroup.com.
Certified Group is a leading North American provider of laboratory testing, regulatory consulting and audit and certification services. The Certified Group of companies includes Food Safety Net Services (FSNS), Certified Laboratories, EAS Consulting Group, Labstat International Inc., Labs-Mart Laboratories, Advanced Botanical Consulting & Testing (ABC Testing Inc.), Microconsult Inc. and Micro Quality Labs Inc. The Certified Group provides analytical testing and regulatory guidance services in the food & beverage, dietary supplements & NHP, cosmetics, OTC, personal care, tobacco, cannabis, nicotine and hemp industries.
For more information about Certified Group, contact:
Nishat Jones
Chief Marketing Officer
nishat.jones@certifiedgroup.com
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SOURCE Certified Group | https://www.mysuncoast.com/prnewswire/2022/08/17/certified-group-partners-with-groundswell-strategy-strengthen-their-position-food-safety-experts/ | 2022-08-17T18:14:07Z |
PITTSBURGH, July 29, 2022 /PRNewswire/ -- "Working with gloves myself I realized how difficult they are to put on and take of, I wanted to create something that is easier for everyone to use," said the inventor of PEACE OF MIND GLOVES from Foster, AL "This is an improved, protective, hand covering designed to offer an enhanced and secure fit while also being easily and more quickly removed."
The patent-pending invention is an improved protective glove that could provide enhanced protection from germs and contaminates. Specially-designed gloves could be employed by various members of the labor force to protect their hands from coming in contact with germs, infectious diseases, blood, bodily fluids, and other contaminants. Would also be of use to the general public during the current pandemic to provide a vast array of wearers for added safety and peace of mind. Invention is practical, convenient, easy to remove, and added safety.
The original design was submitted to the Birmingham AL sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-BRK-4139, 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.
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SOURCE InventHelp | https://www.wibw.com/prnewswire/2022/08/02/inventhelp-inventor-develops-an-easy-glove-brk-4139/ | 2022-08-02T15:28:07Z |
- Extensive experience in Law, Finance, and Management of Public and Private Biotechnology Companies
- Proven track record of creating value for shareholders
- National Science Board Presidential Appointee, 2018-2024
- Former roles at Federal Deposit Insurance Corporation (FDIC) and E*Trade Financial
RADNOR, Pa., July 13, 2022 /PRNewswire/ -- NRx Pharmaceuticals, Inc. (Nasdaq: NRXP): ("NRx Pharmaceuticals", or the "Company"), a clinical-stage biopharmaceutical company, today announced the appointment of Stephen Willard, as its Chief Executive Officer ("CEO") and a member of the Company's Board of Directors. The Company's interim CEO, Robert Besthof, will continue to support the Company and return to his roles as Head of Operations and Chief Commercial Officer.
"We are delighted to have attracted a candidate like Steve whose background and experience align with NRx Pharmaceuticals' current needs. Steve's passion to provide breakthrough therapies to address critical unmet needs positions the Company for success," said Patrick Flynn, a member of the Company's Board of Directors. "We look forward to Steve's leadership of the Company in the next stages of growth to benefit patients, our shareholders, and the broader NRx team."
Mr. Willard brings a wealth of experience in the management of publicly traded biotechnology companies, together with his background in law and finance. Most recently, Mr. Willard served as CEO of Cellphire Therapeutics, where he grew the company and shepherded their revolutionary human platelet platform through key clinical trials, growing the company and significantly increasing the share price. Prior to Cellphire, he served as CEO of publicly traded Flamel Technologies now known as Avadel Pharmaceuticals. Mr. Willard is currently serving a six-year term from 2018-2024 as a presidential appointee to the National Science Board.
Mr. Willard's career in financial services includes government service as Associate Director of the Federal Deposit Insurance Corporation (FDIC), where he served in the United States Senior Executive Service (SES) from 1991-1994, and on the board of E*Trade Financial Services from 2000-2014. He has practiced law in New York, London, and Washington, D.C. Mr. Willard earned his undergraduate degree from Williams College and attended Yale University where he earned a JD in law.
"I am honored to have been chosen by the NRx Pharmaceuticals Board to lead the Company as it conducts its trials for NRX-101 in the treatment of Suicidal Bipolar Depression and continues to develop its pipeline of drugs for depression, PTSD, and other potential neuroscience indications based on more than 90 issued and pending patents worldwide," said Willard. "The NRx Pharmaceuticals team has built an extraordinary scientific, patent, and regulatory foundation. I look forward to leading the Company, working with Robert and the NRx Pharmaceuticals leadership in its quest to bring NRX-101, a potentially life-saving medicine, to patients."
The Board of NRx Pharmaceuticals thanks Mr. Besthof for having assumed the additional responsibilities as interim CEO during this transition period.
About NRX-101
Up to 50% of individuals with Bipolar Disorder attempt suicide over their lifetime, and estimates indicate that up to 20% may succumb to suicide. The only FDA-approved treatment for patients with bipolar depression and acute suicidal ideation and behavior (ASIB) remains electroconvulsive therapy (ECT). Conventional antidepressants can increase the risk of suicide in certain patients, hence their labels contain a warning to that effect. NRX-101 is a patented fixed dose combination of D-cycloserine and Lurasidone, neither of which has shown addiction potential. Based on the results of a Phase II study, NRX-101 received Breakthrough Therapy designation (BTD) from the FDA for the Treatment of Severe Bipolar Depression in Patients with ASIB after initial stabilization with ketamine or other effective therapy.
NRX-101 is one of the first oral antidepressants currently in late stage clinical studies targeting the NMDA-receptor in the brain, which represents potentially a key new mechanism to treat depression with and without suicidality, PTSD and other indications. To date, NRX-101 is the only oral NMDA investigational medicine focused on bipolar depression in patients with acute and sub-acute suicidality.
In the coming year, the Company aims to complete the FDA registration trials for NRX-101 under a Special Protocol Agreement (SPA) awarded by the FDA.
About NRx Pharmaceuticals
NRx Pharmaceuticals, Inc. draws upon decades of collective, scientific, and drug-development experience applying innovative science to known molecules to address very high unmet needs and bring improved health to patients. NRx Pharmaceuticals is led by executives who have held leadership roles at Lilly, Pfizer, and Novartis as well as major investment banking institutions.
Cautionary Note Regarding Forward-Looking Statements
This announcement of NRx Pharmaceuticals, Inc. includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995, which may include, but are not limited to, statements regarding our financial outlook, product development, business prospects, and market and industry trends and conditions, as well as the Company's strategies, plans, objectives, and goals. These forward-looking statements are based on current beliefs, expectations, estimates, forecasts, and projections of, as well as assumptions made by, and information currently available to, the Company's management.
The Company assumes no obligation to revise any forward-looking statement, whether as a result of new information, future events or otherwise. Accordingly, you should not place reliance on any forward-looking statement, and all forward-looking statements are herein qualified by reference to the cautionary statements set forth above.
CORPORATE CONTACT
Molly Cogan
Sr. Director, Global Communications
mcogan@nrxpharma.com
INVESTOR RELATIONS
Tim McCarthy
Investor Relations
tim@lifesciadvisors.com
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SOURCE NRx Pharmaceuticals, Inc. | https://www.kxii.com/prnewswire/2022/07/13/nrx-pharmaceuticals-announces-appointment-stephen-willard-chief-executive-officer-director/ | 2022-07-13T11:33:41Z |
WOODLAND HILLS, Calif. , June 10, 2022 /PRNewswire/ -- As part of Neoss' milestone celebration delegates at the Neoss Integrate 2022 congress in Gothenburg, Sweden were given the first access to the NeoScan 1000 intraoral scanner which is set for full commercial launch in September 2022.
"I am excited to introduce the NeoScan 1000 into our range of intuitive dental solutions. The performance of the scanner is beyond my expectations with clear competitive advantages. The scanner will allow Neoss' to significantly expand its proprietary digital dental offering."
Dr. Robert Gottlander, CEO and President of Neoss Group.
Designed for scanning accuracy and speed, the compact, lightweight scanner provides the possibility for a flexible workflow with open and compatible output at a competitive price.
"The NeoScan 1000 is a superfast, lightweight, and easy-to-use scanner. I had the pleasure of being part of early testing and have used the scanner for several digital impression indications at my clinic with excellent results. Digital dentistry is in need of more cost-efficient solutions so that clinicians can use it to its full potential. The NeoScan 1000 has the potential to do just this."
Dr. Marcus Dagnelid, DDS, board-certified prosthodontist
With an easy USB cable connection and full-touch screen support, the NeoScan 1000 is sure to please and excite dental professionals alike! For more information visit neoss.com/neoscan1000
Neoss offers intelligent solutions that are intuitively easy to use. Our products allow dental professionals to provide reliable and cost-effective treatments to their patients with predictable long-term results. Leading the market with ingenuity and integrity, we strive to set new standards. In developing smart treatment solutions and working closely with each practice, Neoss makes the complex less complicated. We call that Intelligent Simplicity. Headquartered in Harrogate, UK, with research and development based in Gothenburg, Sweden, the company has established a global footprint with a long-standing presence in key markets. To find out more visit https://www.neoss.com
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SOURCE Neoss | https://www.mysuncoast.com/prnewswire/2022/06/10/neoss-group-releases-neoscan-1000-mark-20-years-intelligent-simplicity/ | 2022-06-10T14:40:07Z |
LOS ANGELES (AP) — Jada Pinkett Smith turned her husband’s Oscar-night blowup into a teachable moment about alopecia areata, the hair-loss disorder affecting her and millions of others that, in some cases, can impact a person’s sense of identity.
“Considering what I’ve been through with my own health and what happened at the Oscars, thousands have reached out to me with their stories,” Pinkett Smith said on Wednesday’s episode of “Red Table Talk.”
The actor said she chose to use “this moment to give our alopecia family an opportunity to talk about what it’s like to have this condition” and what it is. Her guests included the mother of a 12-year-old girl, Rio Allred, who was bullied over her hair loss and died by suicide, and a physician who explained the different types of the disorder.
Before tackling the subject, Pinkett Smith addressed events at the March 27 Academy Awards. She and husband Will Smith, a best-actor nominee, were in the audience as presenter Chris Rock cracked a joke at Pinkett Smith’s expense.
“Jada, I love you. ‘G.I. Jane 2,’ can’t wait to see it,” Rock said. Pinkett Smith, who has spoken publicly about her alopecia, had a closely shaved head similar to that of Demi Moore in the 1997 movie.
Smith strode from his front-row seat to the stage and slapped Rock, shocking the comedian and the audience. Smith, who returned to his seat and later accepted the Oscar for “King Richard,” subsequently apologized to Rock but was banned from the ceremony for 10 years by the film academy.
“Now, about Oscar night, my deepest hope is that these two intelligent, capable men have an opportunity to heal, talk this out, and reconcile,” Pinkett Smith said on “Red Table Talk” in an indirect reference to Smith and Rock. “The state of the world today, we need them both, and we all actually need one another more than ever.
“Until then, Will and I are continuing to do what we have done for the last 28 years, and that’s keep figuring out this thing called life together,” said Pinkett Smith, who previously had addressed the incident in a brief Instagram post that read ““This is a season for healing and I’m here for it.”
The actor (“Girls Trip,” “Matrix” films), who hosts the Facebook Watch talk show with her daughter, Willow, and Adrienne Banfield Norris, her mother, said that millions of people are living with alopecia and what she called the “shame” that surrounds it. The condition, particularly for Black women, can affect a person’s perception of themselves and force them to frequently confront others’ perceptions about beauty, hair and race and culture.
Rio’s mother, Nicole Ball, recounted the impact of the Oscar incident, which took place less than two weeks after her daughter’s death.
“What is the universe doing right now? This is crazy,’” Ball recalled thinking. “People are going to be Googling, ‘What is alopecia….What is this that we’ve never heard of?’ It’s not a joke.”
According to the National Alopecia Areata Foundation, the disorder affects as many as 6.8 million people in the United States of any age, sex and ethnic group, and the symptoms can vary.
“I think the part that makes it most difficult for me is that it comes and goes. You’re going through a spell of something, and you got to shave your head,” Pinkett Smith said. | https://cw33.com/entertainment-news/ap-entertainment/pinkett-smith-talks-hair-loss-shame-outcome-of-oscar-slap/ | 2022-06-02T16:46:48Z |
JOHANNESBURG, Aug. 23, 2022 /PRNewswire/ --
Earnings Performance
Sasol delivered a strong set of financial results against the backdrop of increased volatility resulting from ongoing geopolitical tensions, extended COVID-19 lockdowns and global supply chain disruptions. We benefitted from higher energy and chemicals prices, as well as strong cost and capital discipline through the delivery of our Sasol 2.0 transformation programme. This was offset by lower volume performance mainly due to the operational challenges experienced in the first half of the financial year. We have seen improved performance on the back of more stable operations in the second half of the financial year
Earnings before interest and tax (EBIT) of R61,4 billion increased by more than 100% compared to the prior year, driven by higher crude oil prices, refining margins and chemical prices. This also resulted in a strong gross margin improvement compared to the prior year.
Dividend
A final gross cash dividend of South African 1 470 cents per share (30 June 2021 – nil cents per ordinary share) has been declared for the year ended 30 June 2022. The cash dividend is payable on the ordinary shares and the Sasol BEE ordinary shares. The Board is satisfied that the liquidity and solvency of the company, as well as capital adequacy remaining after payment of the dividend, are sufficient to support the current operations for the ensuing year. The dividend has been declared out of retained earnings (income reserves). The South African dividend withholding tax rate is 20%. At the declaration date, there are 629 367 128 ordinary and 6 331 347 Sasol BEE ordinary shares in issue. The net dividend amount payable to shareholders who are not exempt from dividend withholding tax, is 1 176 cents per share, while the dividend amount payable to shareholders who are exempt from dividend withholding tax is 1 470 cents per share.
The salient dates for holders of ordinary shares and Sasol BEE ordinary shares are:
The salient dates for holders of our American Depository Receipts1 are:
On Monday, 12 September 2022, dividends due to certificated shareholders on the South African registry will be electronically transferred to shareholders' bank accounts, unless a shareholder has specifically requested in writing for such payment to be made by cheque, in which case that shareholder shall bear the risk of such payment by cheque. Shareholders who hold dematerialised shares will have their accounts held by their CSDP or broker credited on Monday, 12 September 2022. Share certificates may not be dematerialised or rematerialised between 7 September 2022 and 9 September 2022, both days inclusive.
The Company's tax number is 9520018608.
Short-form statement
This announcement is the responsibility of the directors. The information in this short-form announcement, including the financial information on which the outlook is based, has not been audited and reported on by Sasol Limited's external auditors. The audited financial results have been audited by the group's auditors, PwC who expressed an unmodified opinion thereon.
Financial figures in this announcement have been correctly extracted from the audited financial results. This announcement does not include the information required pursuant to paragraph 16A(j) of IAS 34 'Interim Financial Reporting'. It is only a summary of the information contained in the full announcement and does not contain full or complete details. Any investment decision should also take into consideration the information contained in the full announcement, published on SENS on 23 August 2022, via the JSE link. The full announcement and the 2022 audited financial results, which includes the auditor's report (including key audit matters), is available on the Company's website at: https://www.sasol.com/investor-centre/financial-results.
Sasol Limited's Annual Financial Statements for the year ended 30 June 2022 (the Annual Financial Statements) have also been published on the Company's website at: https://www.sasol.com/investor-centre/financial-results.
Copies of the full announcement and the Annual Financial Statements may also be requested from the Investor Relations office, investor.relations@sasol.com.
The JSE link is as follows: https://senspdf.jse.co.za/documents/2022/JSE/ISSE/SOL/FY22Result.pdf
The President and Chief Executive Officer and Chief Financial Officer will share the results on Tuesday, 23 August 2022 at 09:00 (SA time) followed by a conference call.
Please connect to the call via the webcast link: https://www.corpcam.com/Sasol23082022
Or via teleconference: https://services.choruscall.za.com/DiamondPassRegistration/register?confirmationNumber=3629805&linkSecurityString=7a93dfa35
For further information, please contact:
Sasol Investor Relations,
Tiffany Sydow, Investor Relations Officer
Telephone: +27 (0) 71 673 1929
investor.relations@sasol.com
Disclaimer - Forward-looking statements
Sasol may, in this document, make certain statements that are not historical facts and relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, expectations, developments, and business strategies. Examples of such forward-looking statements include, but are not limited to, the impact of the novel coronavirus (COVID-19) pandemic, and measures taken in response, on Sasol's business, results of operations, markets, employees, financial condition and liquidity; the effectiveness of any actions taken by Sasol to address or limit any impact of COVID-19 on its business; the capital cost of our projects and the timing of project milestones; our ability to obtain financing to meet the funding requirements of our capital investment programme, as well as to fund our ongoing business activities and to pay dividends; statements regarding our future results of operations and financial condition, and regarding future economic performance including cost containment, cash conservation programmes and business optimisation initiatives; recent and proposed accounting pronouncements and their impact on our future results of operations and financial condition; our business strategy, performance outlook, plans, objectives or goals; statements regarding future competition, volume growth and changes in market share in the industries and markets for our products; our existing or anticipated investments, acquisitions of new businesses or the disposal of existing businesses, including estimates or projection of internal rates of return and future profitability; our estimated oil, gas and coal reserves; the probable future outcome of litigation, legislative, regulatory and fiscal developments, including statements regarding our ability to comply with future laws and regulations; future fluctuations in refining margins and crude oil, natural gas and petroleum and chemical product prices; the demand, pricing and cyclicality of oil, gas and petrochemical product prices; changes in the fuel and gas pricing mechanisms in South Africa and their effects on prices, our operating results and profitability; statements regarding future fluctuations in exchange and interest rates and changes in credit ratings; total shareholder return; our current or future products and anticipated customer demand for these products; assumptions relating to macroeconomics; climate change impacts and our climate change strategies, our development of sustainability within our Energy and Chemicals Businesses, our energy efficiency improvement, carbon and GHG emission reduction targets, our net zero carbon emissions ambition and future low-carbon initiatives, including relating to green hydrogen and sustainable aviation fuel; our estimated carbon tax liability; cyber security; and statements of assumptions underlying such statements. Words such as "believe", "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "endeavour", "target", "forecast" and "project" and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections, and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors and others are discussed more fully in our most recent annual report on Form 20-F filed on 22 September 2021 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider foregoing factors and other uncertainties and events, and you should not place undue reliance on forward-looking statements. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
Please note: One billion is defined as one thousand million, bbl – barrel, bscf – billion standard cubic feet, mmscf – million standard cubic feet, oil references brent crude, mmboe – million barrels oil equivalent. All references to years refer to the financial year ended 30 June. Any reference to a calendar year is prefaced by the word "calendar".
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SOURCE Sasol Limited | https://www.mysuncoast.com/prnewswire/2022/08/23/sasol-limited-audited-financial-results-year-ended-30-june-2022/ | 2022-08-23T06:57:42Z |
FAIRFAX, Va., June 30, 2022 /PRNewswire/ -- ICF (NASDAQ:ICFI), a global consulting and digital services provider, will release its second quarter 2022 results on Wednesday, August 3, 2022, after the market close. The results will be available at: http://investor.icf.com.
To listen to the conference call, please register at https://edge.media-server.com/mmc/p/fq32mhv2 at least 15 minutes prior to the call and download and install any necessary software.
Individuals interested in participating in the call should register at https://register.vevent.com/register/BI51376d6390db4646b39cb7cdedab405f to receive their unique PIN number.
The replay will be available for one year following the live event at https://investor.icf.com/news-events.
For More Information
Investor information contact:
Lynn Morgen, AdvisIRy Partners, lynn.morgen@advisiry.com, +1.212.750.5800
or
David Gold, AdvisIRy Partners, david.gold@advisiry.com, +1.212.750.5800
Company information contact:
Lauren Dyke, ICF, lauren.dyke@icf.com, +1.571.373.5577
About ICF
ICF (NASDAQ:ICFI) is a global consulting services company with approximately 8,000 full- and part-time employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.
Caution Concerning Forward-looking Statements
Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; our ability to acquire and successfully integrate businesses; and the effects of the novel coronavirus disease (COVID-19) and related federal, state and local government actions and reactions on the health of our staff and that of our clients, the continuity of our and our clients' operations, our results of operations and our outlook. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements that are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.
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SOURCE ICF | https://www.kxii.com/prnewswire/2022/06/30/icf-announces-timing-second-quarter-2022-earnings-release-conference-call/ | 2022-06-30T20:15:38Z |
Airbnb is rolling out new screening tools to stop parties
SAN FRANCISCO (AP) — Airbnb says it will use new methods to spot and block people who try to use the short-term rental service to throw a party.
The company said Tuesday it has introduced technology that examines the would-be renter’s history on Airbnb, how far they live from the home they want to rent, whether they’re renting for a weekday or weekend, and other factors.
Airbnb said the screening system that it is rolling out for listings in the United States and Canada has been tested since last October in parts of Australia, where it produced a 35% drop in unauthorized parties.
The San Francisco-based company said the technology is designed to prevent a customer’s request for reservation from ever reaching the host of the property involved. Airbnb said people blocked from renting an entire home might be able to book a single room because the host is more likely to be around.
Airbnb has been under growing pressure to clamp down on parties since 2019, when a Halloween house party in a San Francisco suburb ended with five people dead in a shooting.
The following year, Airbnb announced a worldwide party ban at its listings and banned people under 25 from renting an entire house near their home unless they had a record of positive reviews on the site. The party ban was initially cast as a temporary health measure during the pandemic but was made permanent in June.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/08/16/airbnb-is-rolling-out-new-screening-tools-stop-parties/ | 2022-08-16T22:30:40Z |
DUBLIN, May 19, 2022 /PRNewswire/ -- Perrigo Company plc (NYSE: PRGO), a leading provider of Consumer Self-Care Products, today announced that President and CEO, Murray S. Kessler and CFO Eduardo Bezerra are scheduled to participate in investor meetings at the Credit Suisse HALO Investment Summit held in New York City on Wednesday, May 25th. There will be no formal presentation.
President and CEO, Murray S. Kessler is also scheduled to virtually present at the Oppenheimer Consumer Growth and E-Commerce Conference on Wednesday, June 15th at 9:45 AM EDT.
Interested parties can access webcasts on the Perrigo website at http://perrigo.investorroom.com/events-webcasts.
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. Led by its consumer self-care strategy, Perrigo is the largest store brand OTC player in the U.S. in the categories in which it competes and a top 10 OTC company by revenue in Europe. 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; 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. 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. 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, 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.
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SOURCE Perrigo Company plc | https://www.wibw.com/prnewswire/2022/05/19/perrigo-present-upcoming-consumer-investor-conferences/ | 2022-05-19T13:03:24Z |
ROCKVILLE, Md. and BEIJING, Aug. 12, 2022 /PRNewswire/ -- CASI Pharmaceuticals, Inc. (Nasdaq: CASI), a U.S. biopharmaceutical company focused on developing and commercializing innovative therapeutics and pharmaceutical products, today reported financial results for the second quarter of 2022.
Wei-Wu He, Ph.D., CASI's Chairman and Chief Executive Officer, commented, "We are pleased to report $8.6 million in EVOMELA® sales revenue for the second quarter of 2022. This is an increase of 19% compared to the same period last year. Our sales and marketing team is proven to be resilient, rapidly adapting strategies to address COVID-19 related challenges to ensure that our priories remain on track."
Dr. He continued, "Equipped with experience from EVOMELA and the ability to adapt to a changing environment, I believe our commercial and medical marketing team can efficiently execute the anticipated launch of CNCT19 in China. In addition, we continue to progress on the development and regulatory framework for BI-1206 in China. The BI-1206 trial in China has been initiated, and we expect to dose the first patient in the second half of this year."
Second Quarter 2022 Financial Highlights
- Revenues consist primarily of product sales of EVOMELA. Revenue was $8.6 million for the three months ended June 30, 2022, compared to $7.2 million for the three months ended June 30, 2021.
- Costs of revenues were $3.6 million for the three months ended June 30, 2022, compared to $3.0 million for the three months ended June 30, 2021, which included royalty payment of $1.7 million and $1.4 million, respectively.
- Research and development expenses for the three months ended June 30, 2022, were $3.9 million, compared with $2.3 million for the three months ended June 30, 2021. The increase of research and development expenses for the three months periods was mainly due to expense incurred for CID-103.
- General and administrative expenses for the three months ended June 30, 2022, were $5.5 million, compared with $5.5 million for the three months ended June 30, 2021.
- Selling and marketing expenses for the three months ended June 30, 2022, were $3.4 million, compared with $3.4 million for the three months ended June 30, 2021.
- Acquired in-process R&D expenses for the three months ended June 30, 2022, were $0, compared with $1.06 million for the three months ended June 30, 2021.
- As of June 30, 2022, CASI had cash and cash equivalents of $18.9 million.
Further information regarding the Company, including its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, can be found at www.casipharmaceuticals.com.
Conference Call
The conference call can be accessed by dialing 1-866-218-2402 (U.S.) or 1-412-902-6605 (International) and ask to be joined into the CASI Pharmaceuticals call to listen to the live conference call. Confirmation #10169302.
This call will be recorded and available for replay by dialing 1-877-344-7529 (U.S.) or 1-412-317-0088 (International) and enter 9173539 to access the replay.
About CASI Pharmaceuticals
CASI Pharmaceuticals, Inc. is a U.S. biopharmaceutical company focused on developing and commercializing innovative therapeutics and pharmaceutical products in China, the United States, and throughout the world. The majority of the Company's operations are now located in China. The Company is focused on acquiring, developing, and commercializing products that augment its hematology/oncology therapeutic focus as well as other areas of unmet medical need. The Company is executing its plan to become a biopharmaceutical leader by launching medicines in the greater China market, leveraging its China-based regulatory, clinical and commercial competencies and its global drug development expertise. The Company's operations in China are conducted through its wholly-owned subsidiary, CASI Pharmaceuticals (China) Co., Ltd., located in Beijing, China. The Company has built a commercial team of more than 100 hematology and oncology sales and marketing specialists based in China. More information on CASI is available at www.casipharmaceuticals.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for expectations for future financial or business performance, strategies, expectations, and goals. Forward-looking statements are subject to numerous assumptions, risks, and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and no duty to update forward-looking statements is assumed. Actual results could differ materially from those currently anticipated due to a number of factors, including: the risk that we may be unable to continue as a going concern as a result of our inability to raise sufficient capital for our operational needs; the possibility that we may be delisted from trading on The Nasdaq Capital Market; the volatility in the market price of our common stock; the outbreak of the COVID-19 pandemic and its effects on global markets and supply chains; the risk of substantial dilution of existing stockholders in future stock issuances; the difficulty of executing our business strategy in China; our inability to enter into strategic partnerships for the development, commercialization, manufacturing and distribution of our proposed product candidates or future candidates, including with respect to BI-1206, CB-5339 and CID-103; our lack of experience in manufacturing products and uncertainty about our resources and capabilities to do so on a clinical or commercial scale; risks relating to the commercialization, if any, of our products and proposed products (such as marketing, safety, regulatory, patent, product liability, supply, competition and other risks); our inability to predict when or if our product candidates will be approved for marketing by the U.S. Food and Drug Administration (FDA), National Medical Products Administration (NMPA), or other regulatory authorities; our inability to enter into strategic partnerships for the development, commercialization, manufacturing and distribution of our proposed product candidates or future candidates, including with respect to our partnerships with Juventas and BioInvent; the risks relating to the need for additional capital and the uncertainty of securing additional funding on favorable terms; the risks associated with our product candidates, and the risks associated with our other early-stage products under development; the risk that result in preclinical and clinical models are not necessarily indicative of clinical results; uncertainties relating to preclinical and clinical trials, including delays to the commencement of such trials; our ability to protect our intellectual property rights; our ability to design and implement a development plan for our ANDAs held by CASI Wuxi; the lack of success in the clinical development of any of our products; and our dependence on third parties; the risks related to our dependence on Juventas to conduct the clinical development of CNCT19 and to partner with us to co-market CNCT19; risks related to our dependence on Juventas to ensure the patent protection and prosecution for CNCT19; risks relating to the commercialization, if any, of our proposed products (such as marketing, safety, regulatory, patent, product liability, supply, competition and other risks); risks relating to interests of our largest stockholders and our Chairman and CEO that differ from our other stockholders; and risks related to the development of a new manufacturing facility by CASI Wuxi. Such factors, among others, could have a material adverse effect upon our business, results of operations, and financial condition. We caution readers not to place undue reliance on any forward-looking statements, which only speak as of the date made. Additional information about the factors and risks that could affect our business, financial condition, and results of operations, are contained in our filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov.
EVOMELA® is proprietary to Acrotech Biopharma Inc. and its affiliates.
COMPANY CONTACT:
Rui Zhang
CASI Pharmaceuticals, Inc.
Phone: 240.864.2643
Email: ir@casipharmaceuticals.com
(Financial Table Follows)
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SOURCE CASI Pharmaceuticals, Inc. | https://www.wibw.com/prnewswire/2022/08/12/casi-pharmaceuticals-announces-second-quarter-2022-financial-results/ | 2022-08-12T12:49:45Z |
Early in-person and absentee voting count is low
IDAHO FALLS, Idaho (KIFI) – Early voting is now open, and some counties are experiencing a low turn out.
Here are the numbers so far.
Bingham County received about 60% of absentee ballots back. The turn out so far is down from last year’s elections.
Bonneville County received almost 50% of absentee ballots sent, which is an increase from last year. However, they have 893 votes cast from their in-person early voting period so far, which is lower than what they recorded last year.
As for Madison County, there are 227 in-person early votes cast and they received more than half of their absentee ballots. That’s about 3% of the votes recorded from last year’s election in total, but there is still some time to get more votes in.
For the 2022 Idaho Primary Elections, early voting and in-person absentee voting ends on Friday, May 13, at 5 p.m.
Election day is May 17. Polling places are scheduled to be open from 8 a.m. until 8 p.m. All votes must be in no later than 8 p.m. on election day.
For more information, check with your local county office. | https://localnews8.com/politics/idaho-politics/2022/05/11/early-in-person-and-absentee-voting-count-is-low/ | 2022-05-11T19:32:56Z |
RENO, Nev., Aug. 9, 2022 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company") is pleased to report its operating and financial results for the three and six months ended June 30, 2022. i-80's Consolidated Financial Statements ("financial statements"), as well as i-80's Management's Discussion and Analysis of Operations and Financial Condition ("MD&A") for the three and six months ended June 30, 2022, are available on the Company's website at www.i80gold.com, on SEDAR at www.sedar.com, and on EDGAR at www.sec.gov.
Unless otherwise stated, all amounts referred to herein are in U.S. dollars.
2022 Second Quarter Highlights:
- Commenced trading on the New York Stock Exchange on May 19, 2022 under the symbol IAUX
- Q2 2022 gold sales of $3,507 ounces at an all-in sustaining cost of $1,356 per ounce sold1
- Funds received for the previously-announced gold prepay and silver purchase and sale agreements totaling $75 million
- June 30 cash balance of $101 million in addition to $31 million in restricted cash
- Drilling at Granite Creek continued with multiple high-grade intercepts in the Ogee and South Pacific zones (23,944 core feet and 8,157 reverse circulation (RC) feet drilled)
- Increased the size of the Granite Creek property package by approximately 1,280 acres (518Ha), extending exposure along the primary fault structure by approximately 1.6 km north towards the Turquoise Ridge Mine, and 1.6 km south of Granite Creek
- Continued step-out and infill drilling at Ruby Hill with multiple high-grade intercepts (21,595 core feet and 25,150 RC feet drilled)
- Engineering study of Lone Tree autoclave refurbishment continued on plan
- Entered into agreement to acquire key water rights for the development of the Cove Project
2022 Year to date Highlights:
- Gold sales of 4,996 ounces; all-in sustaining cost of $1,326 per ounce sold1
- Commenced development of exploration decline at McCoy-Cove (approximately 1,300 feet of advance now completed); drilling expected to commence in Q4
- Completed first gold sale in Company history
- Shipment of sulfide ore from Granite Creek for processing started in June
- A total of 145,887 feet (core and RC) drilled by the end of the second quarter
"The Company continues to aggressively pursue our peer-best production growth strategy.", stated Ryan Snow, Chief Financial Officer of i-80. "Several key development milestones have been achieved in the first half of the year along with continued exploration success, demonstrating the potential to extend known mineralization. In addition, the gold prepay and silver purchase and sale agreements funded during the quarter and gold sales continued from the residual leaching at Ruby Hill and Lone Tree resulting in a cash balance of $101 million dollars."
Production and sales from residual leaching at Ruby Hill and Lone Tree totaled 3,507 ounces for the quarter and 4,996 ounces year to date at cash costs per ounce sold of $1,122 and $1,093, respectively, and all-in sustaining cost per ounce sold of $1,356 and $1,326, respectively.
Exploration, evaluation, and pre-development costs were $12.1 million in Q2 and $21.4 million year to date (YTD). This spend reflects mainly the exploration and pre-development work at Granite Creek and Ruby Hill.
Lone Tree Processing Facilities
Lone Tree is expected to become the hub of i-80's Nevada operations and the central processing facility for mineralization from the first four planned mining projects. Importantly, Lone Tree is host to infrastructure that, following successful refurbishment efforts, will position i-80 as one of only three companies in the United States capable of processing both oxide and refractory mineralization.
During the quarter, the Company advanced a detailed engineering study for the restart of the autoclave. The study is progressing on plan and is expected to be completed in the second half of 2022. The Company also continued permitting for the development of the Buffalo Mountain open pit where gold mineralization is expected to be processed at the Lone Tree leach pad facility.
Residual leaching activities at Lone Tree produced 942 ounces gold during Q2 and 1,785 YTD at a cash cost per ounce sold of $9261 and $8791, respectively, and all-in sustaining cost per ounce sold of $1,5601 and $1,3431, respectively.
Granite Creek
In the second quarter, 2022, drilling continued for resource expansion on the Ogee and South Pacific Zones with multiple high-grade intercepts. Completed 23,944 feet of core drilling and 8,157 feet of RC drilling. The amount of drilling completed as of June 30, 2022 totaling 71,952 feet was in line with the Company's drilling plan. Drilling targets were expansion and delineation of the newly discovered South Pacific Zone as well as delineation drilling that targeted the Otto, Adam Peak, and Ogee fault zones with underground drilling.
McCoy-Cove
Construction of the exploration decline continued on plan and has been advanced approximately 1,300 feet. Additional work on metallurgical and hydrology studies, engineering of de-watering and mining options, and reclamation activities associated with the inactive tailings storage facility is also being advanced.
Ruby Hill
A major, multi-drill, exploration campaign is underway that will see a minimum of 20,000 metres drilled in 2022 followed by a resource update. Multiple gold and polymetallic deposits and exploration targets exist on the property with mineralization open along strike and at depth.
The Company has commenced permitting for the construction of a decline to access the high-grade Ruby Deeps deposit and the Blackjack Zone with the intent of trucking refractory mineralization for processing at Lone Tree.
In the second quarter, infill and step-out drilling of the Ruby Deeps zone continued with multiple high-grade intercepts and multiple brownfield exploration targets were tested. 21,595 feet of core drilling and 25,150 feet of RC drilling was completed during the quarter, with a combined total of 73,935 feet completed in the first half, in line with the Company's drilling plan. Owing to the substantial success of the 2022 exploration campaign at Ruby Hill, the program has been expanded.
Residual leaching activities at Ruby Hill produced 2,565 ounces gold during Q2 and 3,211 YTD at a cash cost per ounce sold of $1,1941 and $1,2111, respectively, and all-in sustaining cost per ounce sold of $1,2821 and $1,3161, respectively.
Qualified Person
The scientific and technical information contained in this press release was reviewed by Tim George, PE, Mining Operations Manager, and a Qualified Person within the meaning of National Instrument 43-101.
About i-80 Gold Corp.
i-80 Gold Corp. is a well-financed, Nevada-focused, mining company with a goal of achieving mid-tier gold producer status through the development of multiple deposits within the Company's advanced-stage property portfolio anticipated to be processed at the centrally located Lone Tree processing facility and autoclave.
Forward-looking information
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including but not limited to, actual production results and costs, results of operation outcomes and timing of updated technical studies at the Company's mineral projects, timing to advance mineral projects to production and advance permitting and feasibility work on the on its mineral projects and future production, development and exploration results. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the Company's current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to i-80's filings with Canadian securities regulators, including the most recent Annual Information Form, available on SEDAR at www.sedar.com.
NON-IFRS FINANCIAL PERFORMANCE MEASURES
The Company has included certain terms or performance measures commonly used in the mining industry that are not defined under IFRS in this document. These include: by-product cash cost per ounce sold, by-product all-in sustaining cost ("AISC") per ounce sold, earnings before interest, tax, depreciation and amortization, capital expenditures (expansionary), capital expenditures (sustaining), adjusted net earnings and average realized price per ounce. Non-IFRS financial performance measures do not have any standardized meaning prescribed under IFRS, and therefore, they may not be comparable to similar measures employed by other companies. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS and should be read in conjunction with the Company's Financial Statements.
Definitions
Adjusted earnings and earnings per share excludes significant write-down adjustments.
All-in sustaining costs on a by-product basis per ounce include total production cash costs on a by-product basis plus incorporates costs related to sustaining production.
Average realized gold price represents the sales price of gold per ounce before deducting mining royalties, treatment and refining charges as well as gain or losses derived from the offtake agreement with Orion.
By-product credits include revenues from the sale of by-products from operating mines.
Capital expenditure (expansionary) is a capital expenditure intended to expand the business or operations by increasing production capacity beyond current levels of performance and includes capitalized exploration.
Capital expenditure (sustaining) is a capital expenditure necessary to maintain existing levels of production. The sustaining capital expenditures maintain the existing mine fleet, mill and other facilities so that they function at levels consistent from year to year.
Cost of sales per ounce sold is calculated by dividing the attributable cost of sales by the attributable ounces sold.
Exploration and evaluation (sustaining) expense is presented as mine site sustaining if it supports current mine operations.
Rehabilitation – accretion and amortization include depreciation on the assets related to the rehabilitation provision of gold operations and accretion on the rehabilitation provision of gold operations.
Average realized gold price per ounce of gold sold
Average realized gold price per ounce of gold sold is a non-IFRS measure and does not constitute a measure recognized by IFRS and does not have a standardized meaning defined by IFRS. It may not be comparable to information in other gold producers' reports and filings.
Cash Costs
Cash costs per ounce sold represents all direct and indirect operating costs related to the physical activities of producing gold, including on-site mining costs, processing, third-party smelting, refining and transport costs, on-site general and administrative costs, community site relations, royalties and royalty tax. State of Nevada net proceeds taxes are excluded. Cash costs incorporate the Company's share of production costs but exclude, among other items, the impact of depletion, depreciation and amortization ("DD&A"), reclamation costs, financing costs, capital development and exploration and income taxes. In order to arrive at consolidated cash costs, the Company includes its attributable share of total cash costs from operations where less than 100% interest in the economic share of production is held.
Cash cost: by-product - When deriving the cash costs associated with an ounce of gold, the Company includes by-product credits, as the Company considers that the cost to produce the gold is reduced as a result of the by-product sales incidental to the gold production process. Accordingly, total production costs are reduced for revenues earned from silver sales.
Cash costs per ounce is a common financial performance measure in the mining industry, but the term does not have any standardized meaning. In determining its cash cost and cash cost per ounce, the Company has considered the guidelines provided by the World Gold Council, a non-regulatory, non-profit market development organization for the gold industry. A Company's adoption of the standard is voluntary and other companies may quantify these measures differently as a result of different underlying principles and policies applied.
All-in Sustaining Costs ("AISC")
AISC include total production cash costs incurred at the Company's mining operations, which forms the basis of the Company's by-product cash costs. Additionally, the Company includes sustaining capital expenditures which are expended to maintain existing levels of production (to which costs do not contribute to a material increase in annual gold ounce production over the next 12 months), rehabilitation accretion and amortization, general and administrative (excluding stock compensation) and exploration and evaluation expenses. The measure seeks to reflect the full cost of production from current operations, therefore expansionary capital is excluded. Certain other cash expenditures, including tax payments (including the State of Nevada net proceeds tax), dividends and financing costs are also excluded. The Company reports AISC on a per ounce sold basis.
This financial performance measure was adopted as a result of an initiative undertaken within the gold mining industry; however, this performance measure has no standardized meaning and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. In determining AISC, the Company has considered the guidelines provided by the World Gold Council, a non-regulatory, non-profit market development organization for the gold industry. A Company's adoption of the standard is voluntary and other companies may quantify these measures differently as a result of different underlying principles and policies applied.
The following table provides a reconciliation on a by-product basis for gold cash cost and AISC for the three and six months ended June 30, 2022:
Adjusted Earnings
Adjusted earnings and basic adjusted earnings per share are non-IFRS measures that the Company considers to better reflect normalized earnings because it eliminates non-recurring items. Certain items that become applicable in a period may be adjusted for, with the Company retroactively presenting comparable periods with an adjustment for such items and conversely, items no longer applicable may be removed from the calculation. Neither adjusted earnings nor basic adjusted earnings per share have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies.
The following table shows a reconciliation of adjusted earnings for the three and six months ended June 30, 2022 and 2021, to the net earnings for each period.
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SOURCE i-80 Gold Corp | https://www.kxii.com/prnewswire/2022/08/10/i-80-gold-reports-q2-2022-operating-results/ | 2022-08-10T01:09:01Z |
To Share Insights on ChenMed's Transformational Model and Focus on Value
MIAMI, July 26, 2022 /PRNewswire/ -- Christopher Chen, CEO of ChenMed, a leading provider of primary care to underserved seniors, will be featured in a "Meet the Primary Care Market Movers" session at the 2022 National Primary Care Transformation Summit. Dr. Chen will be interviewed by Don Crane, summit Co-Chair and former President and CEO, America's Physician Groups, on July 27, 2022, at 10:30 a.m. ET during the virtual conference.
"It is great to have so many different perspectives looking at primary care models in the U.S.," said Christopher Chen, MD. "We need great primary care to be a more common thing in America. At ChenMed, we have turned the traditional model on its head to not just deliver advanced primary care, but offer truly transformative primary care. It's more proactive, more upstream, more holistic and more centered on the primary care physician. I look forward to sharing insights on how our approach is working and how to get more positive change across primary care."
The National Primary Care Transformation Summit features in-depth Interviews with the leaders from the country's most innovative primary care organizations, including leading primary care groups, health systems, employer primary care initiatives, and technology and health care industry disruptors. Dozens of speakers are scheduled to share case studies and other examples of their success during the four-day conference, which will stream virtually July 26-29, 2022.
"This conference is all about innovation, which is why we are so happy to have Dr. Chen share lessons from ChenMed about disrupting health care and taking risk," said Donald Crane, JD, former President and CEO, America's Physician Groups and Summit Co-Chair. "Our attendees will learn about ChenMed's model which reframes the approach to primary care and puts a refreshing emphasis on enabling, training, and equipping the primary care provider as a means to clinical and financial success rather than putting finances ahead of the patient."
ChenMed, headquartered in Miami, is a privately owned medical, management and technology company that delivers the high-touch and personalized primary care Medicare-eligible seniors need to enjoy better health. The company operates nearly 100 senior medical centers in more than 12 states. Named one of Fortune 2020 "Change the World" companies, a "Most Loved Workplace" by Newsweek Magazine, and a certified Great Place to Work® by the Great Place to Work Institute, ChenMed brings concierge-style medicine and better health outcomes to the neediest populations. ChenMed brands include Chen Senior Medical Center, Dedicated Senior Medical Center, JenCare Senior Medical Center and IntuneHealth™. Thanks to its leading healthcare technology organization, Curity™, ChenMed was recently named a "Best Place to Work in IT" by IDG's Insider Pro and ComputerWorld.
The National Primary Care Transformation Summit is presented by Global Health Care, a leader in conferences, tradeshows, courses, customized learning and education, and internet-based programming. Global Health Care seeks to illuminate complex issues of health care practice and policy by bringing together leading-edge doers and thinkers – from operations and academia to clinical practice and corporate management. Its events include perspectives from Main Street to Wall Street and from patients to politicians. Since 1998, more than 250,000 registrants have attended Global Health Care conferences and symposia sponsored by more than 250 associations, organizations and publications. For more information, visit www.GlobalHealthCareLLC.com.
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SOURCE ChenMed | https://www.kxii.com/prnewswire/2022/07/26/chenmed-ceo-christopher-chen-md-speak-national-primary-care-transformation-summit/ | 2022-07-26T10:30:34Z |
Gilbert Gottfried’s final Instagram post was about Chris Rock
By Lisa Respers France, CNN
Glibert Gottfried’s last Instagram post invited people to weigh in on “the slap.”
The comic, whose family announced Tuesday that he died at the age of 67 after a long illness, shared a photo of him and fellow comedian Chris Rock.
Rock was slapped by Will Smith while presenting at the Academy Awards after Rock made a joke about Smith’s wife, Jada Pinkett Smith.
“Which is the worst crime?,” the caption on the photo of Gottfried and Rock read. “Chris Rock being physically assaulted or Chris Rock telling a joke?”
Gotfried also shared the post on Twitter.
In a 2012 opinion piece for CNN, Gottfried defended fellow comics.
“If a comedian tells a joke that you find funny, you laugh. If he tells a joke you do not find funny, don’t laugh. Or you could possibly go as far as groaning or rolling your eyes,” he wrote. “Then you wait for his next joke; if that’s funny, then you laugh. If it’s not, you don’t laugh — or at very worst, you can leave quietly.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/04/13/gilbert-gottfrieds-final-instagram-post-was-about-chris-rock/ | 2022-04-13T15:01:17Z |
Prisma Photonics and Israel Natural Gas Lines (INGL) have recently signed an investment agreement for pipeline monitoring system in Israel; Dr. Eran Inbar: "We have revolutionized the real-time monitoring of critical infrastructure"; Shmuel Turgeman, INGL CEO: "The investment in Prisma Photonics is part of the commitment by INGL to promote the safety and monitoring of pipeline assets"
TEL AVIV, Israel, Aug. 2, 2022 /PRNewswire/ -- Israel Natural Gas Lines announces a strategic investment in Prisma Photonics, which develops an advanced system for monitoring critical infrastructure in real time. The investment agreement comes one year following an agreement between the companies pursuant to which Prisma Photonics will implement its PrismaFlow™ system for continuous monitoring on gas pipeline segments in Israel.
Israeli startup Prisma Photonics has developed a unique solution for monitoring critical infrastructure. Its PrismaFlow™ system is an advanced fiber-optic-based sensory system capable of identifying leaks, alerting on damaged pipes, and identifying any excavation in its proximity. The system relies on optical infrastructure installed adjacent to the line, which transforms the optical fibers into an ultra-sensitive series of sensors capable of detecting minor leaks and alerting their exact location in real time.
Shmuel Turgeman, CEO of Israel Natural Gas Lines, says the "investment in Prisma Photonics is part of the commitment of INGL to promote safety and monitoring of our gas pipeline infrastructure. Within this framework, we constantly take steps to promoting and implementing innovative and advanced technologies which allow us to address the complex challenges in the field. In Prisma Photonics we found real partners for promoting security of critical infrastructure and a concern for safety of the national supply system."
Dr. Eran Inbar, CEO of Prisma Photonics, says "the investment INGL is making in our company now, and those made before it by Israel Electric Company, represent a real vote of confidence in our solution. It's not every day that two state-owned companies invest in the same company. There are tens of thousands of kilometers of critical infrastructure in Israel, from natural gas, electricity, water and all the way to communication infrastructure. Securing such infrastructure is a strategic endeavor for any country, and allows to quickly detecting damages and malfunctions in the infrastructure, even before they occur. We have revolutionized real-time monitoring of critical infrastructure, and this investment is an additional evidence for it."
Prisma Photonics solution is based on groundbreaking technology protected by a number of patents and which has won a number of international technology competitions, and has been installed by utilities all over the world.
About Prisma Photonics
Prisma Photonics assists critical infrastructure operators in maintaining routine operations. The Company provides a groundbreaking solution for monitoring of long-range infrastructure, and introduces a new ability for smart, safe and efficient operation which paves the way for smart digital infrastructure. We are reinforcing our customers and aiding them in gaining the best insight for making real-time operational decisions.
The Hyper-Scan Fiber-Sensing technology is well suited for the monitoring of infrastructure spanning large distances. The system addresses a large number of operation, safety, security and preventive maintenance scenarios. The company was founded in 2017 by entrepreneurs specializing in laser, fiberoptics, and machine learning.
About INGL
Israel Natural Gas Lines LTD is a state-owned corporation established in 2003 for the purpose of developing and operating the national natural gas pipelinegrid. INGL builds and operates the grid in accordance with extremely stringent international standards. To date, INGL has laid down a total of approximately 850 km of piping throughout Israel. Today, 70% of the electricity in Israel is produced using natural gas convayed by INGL. The company is routinely ranked as a market leader by credit rating firms Moody's and S&P.
Logo - https://mma.prnewswire.com/media/1742669/Prisma_Photonics_Logo.jpg
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SOURCE Prisma Photonics | https://www.mysuncoast.com/prnewswire/2022/08/02/israel-natural-gas-lines-invest-startup-prisma-photonics/ | 2022-08-02T17:20:18Z |
AUSTIN, Texas, June 13, 2022 /PRNewswire/ -- National Western Life Insurance Company (National Western Life), a wholly owned subsidiary of National Western Life Group, Inc. (Nasdaq: NWLI), entered a strategic alliance with Achaean Financial Holdings (Achaean), an intellectual property and product development company, to launch a new and innovative single premium immediate annuity to the financial marketplace.
National Western Life will be the first life insurance company to utilize the Achaean product technology, which because of its novel and pioneering structure, will present new and creative solutions for the financial marketplace. National Western Life recently filed the product with insurance regulators and is planning a 2022 third quarter launch.
Introduced as NWL® Income +, the product will provide lifetime income that delivers on two key features advisors and their clients are looking for in an income product: a highly competitive initial annuity payment, and an innovative growth component that presents an opportunity for increasing income to help policyholders keep pace with inflation. NWL® Income + is planned to be marketed as a stand-alone product to secure an immediate income stream today and may be offered as an option on select deferred annuity products in the future.
"NWL® Income + will be transformational to discussions between individuals and their advisors who are looking to adjust some of their existing financial strategies. Achaean's unique design features provide an annuity product that delivers income and offers an opportunity to build a robust income stream that could mitigate inflation risk. We are committed to creating and offering products that reflect the diverse, changing needs of consumers, and we are excited to be working with Achaean to deliver such a creative design," stated Chad J. Tope, Executive Vice President & Chief Marketing Officer of National Western Life.
"Achaean is thrilled that National Western Life has the foresight and sense of innovation to be a retirement solutions leader. We look forward to working with them and their broader network of strategic relationships to introduce and expand distribution of the NWL® Income + product," added Lorry Stensrud, Chief Executive Officer of Achaean.
National Western Life Group, Inc. is the parent organization of National Western Life Insurance Company, which is the parent organization of Ozark National Life Insurance Company, both stock life insurance companies in aggregate offering a broad portfolio of individual universal life, whole life and term insurance plans, as well as annuity products. At March 31, 2022, the Company maintained consolidated total assets of $13.8 billion, consolidated stockholders' equity of $2.3 billion, and combined life insurance in force of $20.6 billion.
Achaean Financial Holdings is a business-to-business licensing and marketing organization with an objective to address the multiple dislocations within the $24 trillion U.S. retirement market, using innovative proprietary products, software, and marketing expertise. While the ultimate beneficiaries of Achaean's complementary products and services are individuals near or on retirement, its clients are life insurance carriers and organizations that provide financial advice and guidance.
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SOURCE National Western Life Group, Inc. | https://www.kxii.com/prnewswire/2022/06/13/national-western-life-achaean-financial-holdings-establish-premier-alliance-with-plans-introduce-new-product-income-solutions/ | 2022-06-13T21:34:49Z |
The move stems from FSi's growth in the last year and will provide a modern hybrid work environment for FSi team members and allow closer contact with its customers.
VIENNA, Va., May 25, 2022 /PRNewswire/ -- FSi Strategies, a leading provider of Professional and Managed IT Services and recognized Microsoft Gold-Certified partner, announced today that it has relocated its headquarters from Washington, DC to Vienna, VA.
"The decision to relocate our offices to the Vienna, VA location is the latest in the ongoing development of our growing business." said Redha Morsli, President and CEO of FSi Strategies.
The new location in the heart of Tysons Corner in Vienna, VA offers a conveniently located, modern hybrid work environment equipped with integrated Microsoft Teams Rooms and premium on-site amenities that provide an optimal work environment for FSi Employees. The state-of-the-art theatre style training facility will host Microsoft Certified Trainer led workshops and trainings as part of FSi's Training and Adoption program.
"Our new office space promotes a positive and collaborative modern hybrid work environment that allows our team members to excel at delivering excellent services and support to FSi clients. FSi values our employees, and the move highlights our commitment to our growing team." said Morsli.
About FSi Strategies
FSi Strategies, located in Vienna, VA, is a user-experience focused Managed Service provider and recognized Gold Microsoft Partner with over 19 years of experience. As Microsoft Cloud experts, we provide strategic enterprise-class Modern Workplace IT solutions that engage your employees, accelerate productivity and collaboration, and optimize your environment securely. We engage strategically with your team to modernize your environment through Planning & Design, Implementation, Training & Adoption, Change Management, IT Support and Cloud Licensing.
Learn more at www.fsistrategies.com.
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SOURCE FSi Strategies | https://www.mysuncoast.com/prnewswire/2022/05/25/fsi-strategies-accelerates-growth-with-opening-new-office-vienna-va/ | 2022-05-25T13:09:21Z |
Abortion foes, supporters map next moves after Roe reversal
CHARLESTON, W. Va. (AP) — Americans were taking stock a day after the Supreme Court overturned a woman’s constitutional right to an abortion, as states began implementing bans and supporters and foes of abortion rights mapped out their next moves.
The depth of emotion unleashed by Friday’s decision led to protests and prayer vigils across the country, with Arizona lawmakers even hiding in a basement for a time while police fired tear gas into a crowd.
In Charleston, West Virginia, at least 200 abortion supporters gathered Friday night for a candlelight vigil in front of the federal courthouse after the state’s last abortion clinic was forced to cancel all of its appointments.
Katie Quinonez, executive director of Women’s Health Center of West Virginia, told the crowd she threw threw her phone against the wall of her office when she learned that Roe v. Wade had been overturned after almost 50 years. Her staff called 70 patients scheduled over the next month “to tell them that their abortion was cancelled and we would have to send them out of state, and that was it.”
Quinonez vowed that the fight for abortion rights will continue: “This is not the end whatsoever. ... Tonight we mourn, we rage. Tomorrow we get to work.”
In Arizona, thousands of demonstrators — split between those who support and oppose abortion rights — gathered outside the state Capitol on Friday night. Police fired tear gas to disperse anti-abortion demonstrators who banged on the glass doors of the Senate building, and lawmakers, rushing to complete their 2022 session, huddled briefly in a basement.
Clinics in Arizona stopped performing abortions after the decision, as did those in Alabama, Arkansas, Kentucky, Missouri, South Dakota, West Virginia and Wisconsin. Women considering abortions already had been dealing with a near-complete ban in Oklahoma and a prohibition after roughly six weeks in Texas.
In Ohio, a ban on most abortions from the first detectable fetal heartbeat became law when a federal judge dissolved an injunction that had kept the measure on hold for nearly three years. Another law with narrow exceptions was was triggered by the ruling in Utah and went into effect.
Mississippi’s only abortion clinic, which was at the center of the case before the Supreme Court, continued to see patients Friday. Outside, men used a bullhorn to tell people inside that they would burn in hell. Clinic escorts wearing colorful vests used large speakers to blast Tom Petty’s “I Won’t Back Down” at the protesters.
The ruling is likely to lead to abortion bans in roughly half the states, and people on both sides of the issue predicted the fight would continue.
In Minnesota, where abortion remains legal, Gov. Tim Walz signed an executive order to help shield people seeking or providing abortions in his state from facing legal consequences in other states. In neighboring South and North Dakota, the Supreme Court ruling triggered, respectively, an immediate abortion ban and one that takes effect in 30 days.
Walz also has vowed to reject requests to extradite anyone accused of committing acts related to reproductive health care that are not criminal offenses in Minnesota.
“My office has been and will continue to be a firewall against legislation that would reverse reproductive freedom,” he said.
In Fargo, North Dakota, the the state’s sole abortion provider plans to move across the river to Minnesota. Red River Women’s Clinic owner Tammi Kromenaker said Saturday that she has secured a location in Moorhead but gave no further details.
Thirteen states, mainly in the South and Midwest, already had laws to ban abortion in the event Roe was overturned. Another half-dozen states have near-total bans or prohibitions after 6 weeks, before many women know they are pregnant.
In roughly a half-dozen other states, including West Virginia and Wisconsin, the fight will be over dormant abortion bans that were enacted before Roe was decided in 1973 or new proposals to sharply limit when abortions can be performed.
Wisconsin’s Democratic Gov. Tony Evers told The Associated Press on Saturday that he will support legal action to overturn a 173-year-old state abortion ban. He also said he would not appoint district attorneys who would enforce the law, and would commute prison sentences for anyone convicted under it.
“We’re looking at everything,” he said.
Four years after winning election by a narrow margin, Evers said he believes this issue will energize independents and he hopes to translate anger over Roe’s demise into votes this fall.
“Any time you take half the people in Wisconsin and make them second-class citizens, I have to believe there’s going to be a reaction to that,” Evers said.
___
Bauer reported from Madison, Wisconsin. Associate Press reporters Dave Kolpack in Minneapolis and Tammy Webber in Fenton, Michigan, contributed to this story.
___
For AP’s full coverage of the Supreme Court ruling on abortion, go to https://apnews.com/hub/abortion
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/06/25/abortion-foes-supporters-map-next-moves-after-roe-reversal/ | 2022-06-25T18:38:28Z |
Fund to Enable HBS to Attract Students with Highest Potential for Leadership
BOSTON, April 7, 2022 /PRNewswire/ -- Harvard Business School (HBS) has announced the establishment of the Robert K. Kraft Family Fellowship Fund, which will benefit promising young leaders with high potential but limited means to attend HBS. The fund is made possible through the generosity of HBS alumni Robert Kraft (MBA 1965), founder, chairman and CEO of both the Kraft Group and the Kraft Family Foundation, and his son Jonathan (MBA 1990), president of the Kraft Group. By creating the largest endowed fellowship fund of $24 million at the School, the Kraft family continues their longstanding commitment to and support of fellowship programs at HBS. The fund was first announced earlier today at an event held at the School, "Improving Opportunity through Increasing Access: A Real-Life Story and A Legacy of Educating Leaders—A Chat with Dean Datar & Robert K. Kraft."
The Robert K. Kraft Family Fellowship Fund will make the transformational educational experience of HBS more accessible to talented students who, without financial aid, would be unable to attend the MBA program. It will specifically support students from lower socioeconomic backgrounds who are first generation college students or from other underrepresented student backgrounds. In recognition of the Krafts' support, the School has named the Financial Aid Office and Director of MBA Financial Aid position in their family's honor.
"Harvard Business School has a long and proud history of educating leaders who make a difference in the world, among them Robert and Jonathan Kraft," said Harvard President Lawrence S. Bacow. "Through this extraordinary act of philanthropy, father and son ensure that more lives are transformed as theirs have been. The University is grateful for their generosity and for the deep care with which they support the members of our community."
The Krafts have a long history with and deep connection to the School. A native of Brookline, Massachusetts who grew up in a modest household, Robert's lifelong dream was to attend HBS. While attending Columbia University on a full scholarship, Robert's aspiration to attend HBS and pursue a career in business led him to visit the campus often, offering to do odd jobs around campus. This led to a life-altering relationship with then-Assistant Dean Richard Chapin (MBA 1949) and the decision to apply and ultimately attend HBS with support of a fellowship. Recognizing the critical role of financial support and mentorship in enabling his own journey, Robert and his family have been fellowship supporters since 1985, continually connecting with and guiding students throughout the years.
"Being part of HBS changed my life, and I am deeply grateful for the chance to help others benefit from the transformational power of this experience," said Robert Kraft. "Our family is proud of the extraordinary difference that our fellowship recipients make in the world."
Jonathan Kraft and his brother Dan were born while their father was enrolled in the MBA program. Later, as a high-school student, Jonathan accompanied his father to the annual breakfasts with HBS fellowship recipients whom Robert and his late wife Myra sponsored. These gatherings solidified Jonathan's hope to someday follow in his father's footsteps as a student and then as a donor, which he did by graduating from the MBA program in 1990 and establishing his own fellowship fund in 2000.
The Robert K. Kraft Family Fellowship Fund advances the School's commitment to making the MBA program more affordable and accessible. Nearly half of current MBA students receive financial aid, with an average one-year fellowship of $42,800 and more than $40M in need-based aid awarded annually. Admissions decisions are "need-blind" – made without regard to applicants' financial circumstances, and admitted students receive financial aid based on demonstrated need, which factors in a student's prior income, assets, and socioeconomic background.
After offering flexible deferral and leave policies for the 2020-2021 academic year due to the COVID-19 pandemic, HBS welcomed more than 1,000 new students this past fall. Even with the increase in total enrollment, the School was still able to provide the same amount of financial aid on a per student basis, while simultaneously keeping tuition flat for the fifth year in a row and increasing its commitment to need-based scholarships, all thanks to the generous support of donors like the Kraft family.
"As HBS strives to ensure business is a force for good in society, it is increasingly important to educate leaders who anticipate the impact of their decisions on employees, customers, and their communities," noted HBS Dean Srikant Datar. "Having the voices of fellow students from a range of cultures, industries, and socioeconomic backgrounds in the classroom broadens everyone's perspectives on the real-world challenges they will face as business leaders. We are only able to foster this environment through the generous support of fellowships by leaders like Robert and Jonathan Kraft."
"The diversity of viewpoints and experiences enrich the learning experience for everyone, and I know how grateful all of our students are to the alumni and friends who make their HBS experience possible. The fellowship program also helps reduce student debt, empowering our graduates to follow their dreams and make career choices that resonate with their passions to make a difference in the world," said Susan Gilbert, Robert K. Kraft Family Director of MBA Financial Aid at HBS.
About The Kraft Family Foundation, Inc.
The Kraft family, through The Kraft Family Foundation, is committed to giving back to the community. The impact of their philanthropy has been felt by communities around the world through initiatives that nurture education efforts, unlock personal potential, and enrich health and wellness programs. With a focus on social justice, racial equity and vulnerable populations, the family's philanthropic efforts include supporting initiatives that provide equal access, facilitate social and economic mobility, and create safety nets where they do not exist. Through the Kraft Family Foundation and other philanthropic initiatives, the Robert K. Kraft family has donated hundreds of millions of dollars to nonprofit organizations impacting our communities, including Harvard Business School, The Kraft Center for Community Health at Mass General Brigham, REFORM Alliance, Myra Kraft Transitional Year Program at Brandeis, New Commonwealth Racial Equity and Social Justice Fund, and many mission-driven, high-impact institutions.
About Harvard Business School
Founded in 1908 as part of Harvard University, Harvard Business School is located on a 40-acre campus in Boston. Its faculty of more than 200 offers full-time programs leading to the MBA and doctoral degrees, as well as more than 70 open enrollment Executive Education programs and 55 custom programs, and HBX, the School's digital learning platform. For more than a century, HBS faculty have drawn on their research, their experience in working with organizations worldwide, and their passion for teaching to educate leaders who make a difference in the world, shaping the practice of business and entrepreneurship around the globe.
Media Contact:
Mark Cautela
mcautela@hbs.edu
617-495-5143
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SOURCE Harvard Business School | https://www.mysuncoast.com/prnewswire/2022/04/07/harvard-business-school-announces-new-robert-k-kraft-family-fellowship-fund/ | 2022-04-08T01:32:19Z |
PITTSBURGH, April 19, 2022 /PRNewswire/ -- "I wanted to create a portable and convenient energy source that can be used while camping, tailgating or at a construction site," said an inventor, from Fort Myers, Fla., "so I invented the HYBRID GENERATOR. My design can be used to run power tools and equipment, recharge smartphone batteries and even jump-start a car with a dead battery."
The invention provides portable electrical power for use almost anywhere. In doing so, it offers an alternative to always burning gasoline to run a generator. As a result, it increases efficiency and convenience. The invention features a versatile design that is easy to use so it is ideal for households, outdoor enthusiasts, construction companies, etc. Additionally, it is producible in design variations and it can be adapted for consumer and commercial applications.
The original design was submitted to the Naples sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-NPL-384, 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.
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SOURCE InventHelp | https://www.wibw.com/prnewswire/2022/04/19/inventhelp-inventor-develops-energy-efficient-electrical-power-generator-npl-384/ | 2022-04-19T16:52:03Z |
WASHINGTON (NEXSTAR) — The Food and Drug Administration says there should be relief soon for parents who are struggling to get baby formula, but lawmakers are still demanding answers about what led the shortage to this point.
FDA Commissioner Robert Califf told a House committee Thursday that the Abbott Nutrition plant in southwestern Michigan, the largest producer of baby formula in the country, could be back up and running “in the next week to two weeks” after having been shuttered since February.
“We’ve already made significant progress,” Califf told representatives.
President Joe Biden on Wednesday said he was invoking the Defense Production Act to bolster the production of baby formula. The administration is also launching an operation to fly in formula made abroad.
“We will not let infant formula into the U.S. that is not safe,” Califf said.
While they welcomed the progress, lawmakers on both sides of the aisle expressed frustration with the FDA’s handling of the shortage.
“We need answers and we need them now,” Rep. Rosa DeLauro, D-Conn., said.
She said the FDA must explain why it took so long to respond to bacterial contamination concerns at the Abbott plant.
“How many more illnesses and deaths were caused due to the FDA’s slow response?” she wondered. “It makes me question which side the FDA is on: Are they on the side of Abbott and industry or the side of the American consumer?”
Rep. David Valadao, R-Calif., blamed the Biden administration for not taking the shortage seriously.
“This administration appears interested in alleviating the issue, but is has taken too long to get to this point,” he said.
Democrats have also blamed a lack of resources within the FDA. On Wednesday, they passed a bill to send $28 million in emergency funding to the FDA. Republicans did not support that bill, calling it too expensive. | https://cw33.com/news/washington-dc-bureau/lawmakers-question-fdas-response-to-baby-formula-shortage/ | 2022-05-19T23:16:08Z |
Which magic kits are best?
Professional magicians have been baffling audiences for hundreds of years, igniting a sense of childlike wonder and even offering a glimpse into the unknown. If you’ve ever thought about attempting some of these perplexing tricks yourself, there’s no better time than the present.
Today, there are dozens of kits to choose from, each offering a wide variety of tricks for any aspiring magician to learn, regardless of age. For a great introductory magic kit that’s loaded with entertaining tricks, check out the Learn & Climb Mega Magic Kit for Kids.
What to know before you buy a magic kit
Suggested age and skill level
There are magic kits for aspiring magicians of any age and skill level, each with their own tricks, props and levels of complexity. Kits that are designed for children will typically have smaller props and simple tricks full of humor and whimsy, while magic kits for older teenagers and adults will include more detailed illusions and complex sleight of hand maneuvers.
Most manufacturers clearly advertise the suggested age and skill level for their products, but you can also determine the intended audience by looking at the product’s packaging and included accessories. A kit that has darker, more mysterious packaging is typically geared towards older magicians, while a colorful kit is often meant for children.
Trick types
Certain magic kits may focus on a particular type of trick. Consider the kind of magic you wish to learn before investing your time and money into a particular style.
- Card tricks: Arguably the most popular type of magic trick around today, card tricks are appealing to many aspiring magicians because they typically only require a standard deck of cards to complete.
- Sleight of hand tricks: These classic tricks consist of using subtle, fine motor skills and misdirection to deceive the audience.
- Traditional style: Typically found in magic kits that are geared towards children, traditional style tricks usually incorporate classic props like top hats, magic wands and stuffed rabbits.
- Professional illusions: Popularized by high-profile illusionists like Criss Angel and David Blaine, these tricks are usually included in kits for adults and are particularly complex and challenging.
- Educational magic tricks: Many magic kits for kids include tricks that require math, science and memory skills. These tricks are great for educating children while also entertaining them.
What to look for in a quality magic kit
Props and accessories
Depending on the type of magic tricks you plan to learn, your kit could come with a wide variety of props and accessories. Magic coins, cards, trick ropes and wands are just a few of the fun items that could be included. These can range in quality from simple, plastic parts to high-quality wooden and metal props, depending on the kit. If you’re interested in magic props, look closely at the product’s specs before purchasing.
Instructions
Detailed, step-by-step instructions are crucial when picking out a magic kit. Look for a kit that comes with an instructional DVD or online video link. If you decide to buy a kit without video instructions, look for one with a detailed, illustrated manual. If all else fails, the internet is a great source for magic trick instructions.
How much you can expect to spend on a magic kit
While relatively affordable, the cost of a magic kit can vary depending on the suggested age range and the quality of included props and accessories. Most consumers can expect to pay around $20-$50 for a high-quality magic kit.
Magic kit FAQ
What are the easiest magic tricks?
A. There are many simple illusions and tricks that can be learned in less than a day. Magic kits for kids are full of easy tricks like the rubber pencil, the disappearing coin trick and more.
My child is shy. Is a magic kit a good idea?
A. Learning magic tricks is a great way for introverted children to gain confidence and public speaking skills while having fun with magic.
What’s the best magic kit to buy?
Top magic kit
Learn & Climb Mega Magic Kit for Kids
What you need to know: A versatile kit for kids that comes with over 100 magic tricks and tons of props.
What you’ll love: A comprehensive introduction for any child interested in magic, this kit includes a step-by-step instructional DVD and illustrated manual that goes over every trick in detail. Tricks range from easy to intermediate difficulty, so aspiring magicians should be entertained for hours.
What you should consider: The props are small and mostly made of relatively poor-quality plastic.
Where to buy: Sold by Amazon
Top magic kit for the money
What you need to know: A fun and affordable magic kit that’s great for young magicians looking for a simple introduction into magic tricks.
What you’ll love: Recommended for kids aged 4 and up, this budget-friendly magic kit includes over 30 props and 25 memorable tricks like the classic vanishing coin illusion and disappearing crayons. The kit also comes with an instructional booklet and codes to unlock online videos.
What you should consider: While this kit is perfectly suited for young children, most older kids and teenagers will find the magic tricks to be way too simplistic.
Where to buy: Sold by Amazon
Magic kit worth checking out
Jim Stott Magic – My First Magic Kit
What you need to know: A starter kit that’s a great resource for teaching simple yet impressive magic tricks.
What you’ll love: Written by a professional magician with decades of experience under his belt, this simple magic kit is loaded with tricks that are perfect for any magician aged 5 and up. In addition to an instructional booklet, the purchase comes with access to a secret website that’s full of additional tricks.
What you should consider: Despite the suggested age range, some younger magicians may have trouble practicing these tricks without assistance.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/toys-games-br/hobby-collectibles-br/best-magic-kit/ | 2022-07-04T19:35:47Z |
Inventor of Consumer Products that 'Change Behavior' to Apply its Manufacturing and Marketing Formula to a Leading-Edge Brand Designed for Athletes
SANTA MONICA, Calif., Sept. 15, 2022 /PRNewswire/ -- Starco Brands (OTCQB: STCB), inventor of consumer products with behavior-changing technologies, has acquired The AOS Group Inc. ("Art of Sport" or "AOS"), maker of Art of Sport premium body and skincare products engineered to power and protect athletes, in an all-stock transaction. The transaction closed on September 12, 2022.
"Cofounded by Kobe Bryant, one of the world's single greatest sports icons, Art of Sport was uniquely formulated with raw materials designed to absorb contaminants, flush holistically, prepare, refresh and protect athletes' skin. Its brand ethos reflects Kobe's absolute commitment to greatness, making it overwhelmingly compelling and in line with our corporate culture," said Ross Sklar, Starco Brands' founder and CEO. "This brand sits above all three pillars of sport — pregame, game time, and postgame. Today, AOS addresses the postgame with leading-edge deodorants, face and body creams and lotions, and shower and wash-off products designed for today's performance-driven athletes. We believe there has never been an all-encompassing sports brand like AOS with the breadth and elasticity to play in all sports categories."
Added Sklar, "Starco Brands' core competency is inventing and commercializing consumer products that spark excitement in the everyday. Attempting to create unique and behavior-changing line extensions is a huge reason for our investment. We recognize that the opportunity for AOS is far greater than personal care. This brand's pregame and game-time whitespaces, which align perfectly with our manufacturing expertise, include over-the-counter (OTC), respiratory, sun care, women and children, pain management, performance supplements, food, beverage and apparel. It is an absolute honor to lead this company and help fulfill the founders' goal of making AOS a globally recognized and multi-category sports brand that inspires greatness in us all."
"Starco Brands is deeply committed to nurturing and celebrating Kobe's legacy and mindset respectfully and progressively," said AOS' cofounder and former CEO, Matthias Metternich. "Kobe helped design and carry this business from online infancy to thousands of retail locations. He would have loved what Starco Brands brings to the table to expand this business into adjacent categories through new product technologies, killer marketing, powerful celebrity partnerships, and a knack for seeing the whitespaces where others can't."
Under terms of the deal, Metternich and the other AOS shareholders will become shareholders of Starco Brands.
From best-in-class manufacturing and distribution through its sister company, The Starco Group, to culture-driving, celebrity-driven marketing disruption, as evidenced by the introduction of Whipshots™ and Winona Popcorn Spray, Starco Brands identifies trends across a vast spectrum of categories, innovates and then commercializes with speed.
In December 2021, Starco Brands partnered with renowned global artist Cardi B to launch Whipshots, one of the most innovative products to hit the spirits industry this year. The vodka-infused whipped cream combines delectable flavors, cutting-edge creative direction and experiential events.
Proskauer Rose LLP and Buchalter, a Professional Corporation, represented Starco Brands in the transaction. Cooley LLP represented AOS in the transaction.
Art of Sport produces body and skincare products engineered to power athletes. With performance-driven formulas, the brand's products give athletes' skin everything they need to reach peak performance on and off the field. Art of Sport was cofounded by serial entrepreneur Matthias Metternich, Brian Lee and Kobe Bryant. The brand's athlete partner roster includes James Harden, Javier Báez, Sage Erickson, and Juju Smith-Schuster. For more information, please visit www.ArtofSport.com or follow @GoArtofSport
Starco Brands (OTCQB: STCB) invents consumer products with behavior-changing technologies that spark excitement in the everyday. Today, its disruptive brands include: Whipshots, bringing the fun back to a stagnant alcohol category with the only alcohol-infused whipped cream in the market; Breathe, the first-ever air-powered aerosol cleaning line and hand-sanitizer spray that meet the Environmental Protection Agency's Safer Choice criteria; and Winona Popcorn Spray, bringing home the movie-going experience with the first indulgent theater-popcorn taste powered by air. A modern-day invention factory to its core, Starco Brands identifies whitespaces across consumer product categories. It draws upon a portfolio of innovative formulas and commercial manufacturing facilities spanning ten product categories with limitless innovation potential. Starco Brands publicly trades on the OTCQB stock exchange. Visit www.starcobrands.com for more information.
Any statements in this press release about the Company's future expectations, plans and prospects, including statements about our financing strategy, future operations, future financial position and results, market growth, new product launches and product growth, total revenue, as well as other statements containing the words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "project," "should," "target," "will," or "would" and similar expressions, constitute forward-looking statements within the meaning of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. The Company may not achieve the plans, intentions or expectations disclosed in the Company's forward-looking statements, and you should not place undue reliance on the Company's forward-looking statements. All forward-looking statements are subject to assumptions, risks and uncertainties that may change at any time. Therefore, readers are cautioned that actual results could differ materially from those expressed in forward-looking statements. The Company undertakes no obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as expressly required by law. This cautionary statement entirely qualifies all forward-looking statements in this document.
Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements the Company make as a result of a variety of risks and uncertainties, including risks related to the Company's estimates regarding the potential market opportunity for the Company's current and future products and services, the impact of the COVID-19 pandemic, the competitive nature of the industries in which we conduct our business, general business and economic conditions, our ability to acquire suitable businesses, our ability to successfully launch new products and seize market share, the Company's expectations regarding the Company's sales, expenses, gross margins and other results of operations, and the other risks and uncertainties described in the "Risk Factors" sections of the Company's public filings with the Securities and Exchange Commission on Form 10-K for the year ended December 31, 202020 and our subsequent interim reports on Form 10-Q and 8-K. Copies of our SEC filings are available on our website at www.starcobrands.com. In addition, the forward-looking statements included in this press release represent the Company's views as of the date hereof. The Company anticipates that subsequent events and developments may cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date after the date hereof.
Ariel Moses l Rogers & Cowan PMK
Ariel.Moses@rogersandcowanpmk.com
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SOURCE Starco Brands | https://www.kxii.com/prnewswire/2022/09/15/starco-brands-acquires-aos-group-inc-maker-art-sport-body-skincare-brand-co-founded-by-kobe-bryant/ | 2022-09-15T13:30:42Z |
MELBOURNE, Australia and INDIANAPOLIS, June 13, 2022 /PRNewswire/ -- Telix Pharmaceuticals Limited (ASX: TLX, Telix, the Company) is pleased to announce that its prostate cancer imaging agent, Illuccix® (kit for preparation of gallium Ga 68 gozetotide), is now available at selected pharmacies in the Jubilant Radiopharma network. Illuccix is now available to order from 139 pharmacy sites across the United States, ensuring scheduling flexibility and patient access to advanced prostate cancer imaging.
The expansion of the distribution network facilitates broader patient access to Illuccix across the country, expanding availability into new regional markets that to date have had limited access to PSMA PET imaging.
Dr. Christian Behrenbruch, Telix Group CEO and Managing Director said, "A key feature of Illuccix is its flexibility and availability for physicians and patients alike. Our goal is to ensure broad access to PSMA PET imaging from the largest metropolitan cities to regional areas and the expansion of the distribution network to include Jubilant Radiopharma puts an Illuccix scan within reach of even more patients in need."
"We are pleased to be able to expand our range and service to include Illuccix, and offer our customers the added convenience of PSMA PET imaging with Illuccix," says Renato Leite, President, Jubilant Radiopharmacies Division.
About Telix Pharmaceuticals Limited
Telix is a biopharmaceutical company focused on the development and commercialisation of diagnostic and therapeutic products using Molecularly Targeted Radiation (MTR). Telix is headquartered in Melbourne, Australia with international operations in Belgium, Japan, Switzerland, and the United States. Telix is developing a portfolio of clinical-stage products that address significant unmet medical need in oncology and rare diseases. Telix is listed on the Australian Securities Exchange (ASX: TLX). For more information visit www.telixpharma.com and follow Telix on Twitter (@TelixPharma) and LinkedIn.
About Illuccix® (kit for the preparation of gallium Ga 68 gozetotide injection)
Telix's lead product, Illuccix® (kit for the preparation of gallium Ga 68 gozetotide injection), also known as 68Ga PSMA-11 injection, has been approved by the U.S. Food and Drug Administration (FDA),[1] and by the Australian Therapeutic Goods Administration (TGA).[2] Telix is also progressing marketing authorisation applications for this investigational candidate in Europe[3] and Canada.[4] Illuccix is currently being investigated in combination with BgRT treatment.
Illuccix®, after radiolabeling with Ga 68, is a radioactive diagnostic agent indicated for positron emission tomography (PET) of prostate-specific membrane antigen (PSMA) positive lesions in men with prostate cancer:
- with suspected metastasis who are candidates for initial definitive therapy
- with suspected recurrence based on elevated serum prostate-specific antigen (PSA) level
IMPORTANT SAFETY INFORMATION
WARNINGS AND PRECAUTIONS
Risk for Misdiagnosis
Image interpretation errors can occur with gallium Ga 68 gozetotide PET. A negative image does not rule out the presence of prostate cancer and a positive image does not confirm the presence of prostate cancer. The performance of gallium Ga 68 gozetotide for imaging of biochemically recurrent prostate cancer seems to be affected by serum PSA levels and by site of disease. The performance of gallium Ga 68 gozetotide for imaging of metastatic pelvic lymph nodes prior to initial definitive therapy seems to be affected by Gleason score. Gallium Ga 68 gozetotide uptake is not specific for prostate cancer and may occur with other types of cancer as well as non-malignant processes such as Paget's disease, fibrous dysplasia, and osteophytosis. Clinical correlation, which may include histopathological evaluation of the suspected prostate cancer site, is recommended.
Radiation Risks
Gallium Ga 68 gozetotide contributes to a patient's overall long-term cumulative radiation exposure. Long-term cumulative radiation exposure is associated with an increased risk for cancer. Ensure safe handling to minimize radiation exposure to the patient and health care workers. Advise patients to hydrate before and after administration and to void frequently after administration.
ADVERSE REACTIONS
The safety of gallium Ga 68 gozetotide was evaluated in 960 patients, each receiving one dose of gallium Ga 68 gozetotide. The average injected activity was 188.7 ± 40.7 MBq (5.1 ± 1.1 mCi). No serious adverse reactions were attributed to gallium Ga 68 gozetotide. The most commonly reported adverse reactions were nausea, diarrhea, and dizziness, occurring at a rate of < 1%.
DRUG INTERACTIONS
Androgen deprivation therapy and other therapies targeting the androgen pathway
Androgen deprivation therapy (ADT) and other therapies targeting the androgen pathway, such as androgen receptor antagonists, can result in changes in uptake of gallium Ga 68 gozetotide in prostate cancer. The effect of these therapies on performance of gallium Ga 68 gozetotide PET has not been established.
You are encouraged to report suspected adverse reactions of prescription drugs to the FDA. Visit MedWatch at www.fda.gov/medwatch or call 1-800-FDA-1088. You may also report adverse reactions to Telix by calling 1-844-455-8638 or via email to pharmacovigilance@telixpharma.com.
Please note this information is not comprehensive. Please see full Prescribing Information at www.illuccix.com/pi.
[2] ASX disclosure 2 November 2021.
[3] ASX disclosure 10 December 2021.
[4] ASX disclosure 16 December 2020.
Telix Investor Relations
Ms. Kyahn Williamson
Telix Pharmaceuticals Limited
SVP Corporate Communications and Investor Relations
Email: kyahn.williamson@telixpharma.com
This announcement has been authorised for release by Dr. Christian Behrenbruch, Managing Director and Group Chief Executive Officer.
Legal Notices
This announcement may include forward-looking statements that relate to anticipated future events, financial performance, plans, strategies or business developments. Forward-looking statements can generally be identified by the use of words such as "may", "expect", "intend", "plan", "estimate", "anticipate", "outlook", "forecast" and "guidance", or other similar words. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements are based on the Company's good-faith assumptions as to the financial, market, regulatory and other considerations that exist and affect the Company's business and operations in the future and there can be no assurance that any of the assumptions will prove to be correct. In the context of Telix's business, forward-looking statements may include, but are not limited to, statements about: the initiation, timing, progress and results of Telix's preclinical and clinical studies, and Telix's research and development programs; Telix's ability to advance product candidates into, enrol and successfully complete, clinical studies, including multi-national clinical trials; the timing or likelihood of regulatory filings and approvals, manufacturing activities and product marketing activities; the commercialisation of Telix's product candidates, if or when they have been approved; estimates of Telix's expenses, future revenues and capital requirements; Telix's financial performance; developments relating to Telix's competitors and industry; and the pricing and reimbursement of Telix's product candidates, if and after they have been approved. Telix's actual results, performance or achievements may be materially different from those which may be expressed or implied by such statements, and the differences may be adverse. Accordingly, you should not place undue reliance on these forward-looking statements.
To the maximum extent permitted by law, Telix disclaims any obligation or undertaking to publicly update or revise any forward-looking statements contained in this announcement, whether as a result of new information, future developments or a change in expectations or assumptions.
The Telix Pharmaceuticals name and logo are trademarks of Telix Pharmaceuticals Limited and its affiliates (all rights reserved).
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SOURCE Telix Pharmaceuticals Limited | https://www.wibw.com/prnewswire/2022/06/13/jubilant-radiopharma-joins-illuccix-pharmacy-partner-network/ | 2022-06-13T12:45:02Z |
The 'Lemonada Book Club Powered By Penguin Random House' will unite lovers of storytelling from the worlds of podcasting and literature
'Crime Junkie' podcast host Ashley Flowers among the first batch of authors to be featured
LOS ANGELES, Aug. 31, 2022 /PRNewswire/ -- Lemonada Media, the podcast network that makes life suck less, and Penguin Random House, the world's largest trade book publisher, are partnering together for an all-new book club. Launching in September, the book club will be activated across both Lemonada Media and Penguin Random House's owned platforms with a direct landing page on the Penguin Random House website and will feature reviews, author interviews, and custom ad integrations across Lemonada Media's social media accounts and podcast slate programming.
"Our listeners are so hungry to build community, digest various forms of content and discuss making life suck less together. We are building such powerful podcast communities, and the Lemonada Book Club will allow us to expand conversations across genres and imprints, inviting Lemonada hosts and Penguin Random House's diverse and incredible authors, to dig deep on the issues that Lemonada and Penguin Random House's shared listeners and readers care about," shares Lemonada's CEO and co-founder Jessica Cordova Kramer.
At the core of the book club, Lemonada, its diverse talent roster, and Penguin Random House will select recent or upcoming releases from Penguin Random House to spotlight to align with themes from Lemonada Media's current slate of podcasts. From exploring grief and loss to romance, resiliency and personal growth, the selections will span both fiction and nonfiction. The first round of books being featured will include: Crime Junkie creator and host Ashley Flowers' debut novel, All Good People Here; Be Not Afraid of Love: Lessons on Fear, Intimacy and Connection' by Mimi Zhu; Sweet Soft Plenty Rhythm by Laura Warrell; with additional books to be named later.
"In this age of unlimited content, push notifications, and constant noise, it's necessary that we take time to focus and learn; to go deep. We hope our partnership with Lemonada does just that: open listeners' minds to new subjects and ideas, and then give them the inspiration and recommendations to dive even deeper. Lemonada's mission is to make people's lives suck less, and books are the only form of media that have been proven to make you feel better. We are so excited to work with Lemonada to harness the power of books in building new connections and communities," said Carly Gorga, Penguin Random House Director of Brand Marketing.
With Penguin Random House providing the featured books, Lemonada Media will host "Book of the Month" on the air for deep dive conversations on key podcasts; insightful, expert analysis of the books' content by select series hosts; creative in-feed ad campaigns; and social media activations to better get to know the books and their writers. Lemonada will additionally provide a broader list of "must read" Penguin Random House books via monthly newsletter recommendations, network-wide ad campaigns, and on their website. Over time, Lemonada will provide unique opportunities for Q&A and audience engagement with authors, host, and fellow listeners. For more information about Lemonada Book Club Powered By Penguin Random House, please visit https://sites.prh.com/lemonadabookclub.
Founded in 2019 by Jessica Cordova Kramer and Stephanie Wittels Wachs, Lemonada is an award-winning, independent, audio-first podcast network, with a mission to make life suck less. The company is also the creator of the audio reality™ podcast genre, and launched BEING Studios, where reality TV meets podcasting. Lemonada has created hit series including the Gracie award-winning podcast Last Day, In the Bubble with Andy Slavitt, Our America with Julián Castro, Add to Cart with Kulap Vilaysack & SuChin Pak, Believe Her and The Untold Story with Jay Ellis. Lemonada's roster of guests has included an array of luminaries from across the entertainment, media, politics and science worlds. Now with over 50 diverse staff members nationwide, Lemonada is a full-service podcast network.
For sponsorship opportunities, contact: dawn@lemonadamedia.com. For press inquiries, contact: Lemonada@metropublicrelations.com. For more information on Lemonada and its podcasts, please visit www.lemonadamedia.com. Lemonada is represented by Josh Lindgren at CAA.
Penguin Random House, the world's largest trade book publisher, is dedicated to its mission to ignite a universal passion for reading by creating books for everyone. The company, which employs more than 10,000 people globally, was formed on July 1, 2013, by Bertelsmann and Pearson. As of April 1, 2020, Bertelsmann is full owner of the company. With more than 300 imprints and brands on six continents, Penguin Random House comprises adult and children's fiction and nonfiction print and digital English-, German-, and Spanish-language trade book publishing businesses in more than 20 countries worldwide. With over 16,000 new titles, and more than 700 million print, audio and eBooks sold annually, Penguin Random House's publishing lists include more than 80 Nobel Prize laureates and hundreds of the world's most widely read authors.
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SOURCE Lemonada Media | https://www.wibw.com/prnewswire/2022/08/31/lemonada-media-penguin-random-house-partner-an-innovative-cross-platform-book-club/ | 2022-08-31T15:00:41Z |
CAUGHT ON CAM: Man performs CPR after pulling drowning 4-year-old from apartment pool
LAWRENCE, Kan. (KMBC) – A newly released video out of Kansas shows the dramatic rescue of a 4-year-old boy drowning in a pool.
After Xavier Rigney slipped into the water at an apartment complex in Lawrence, it took three minutes and 22 seconds before help arrived.
Before responders could get there, Tom Westerhaus jumped into action after his 12-year-old son Mattox saw the child and alerted him.
Westerhaus performed CPR for two minutes and 41 seconds, which he learned as a lifeguard years ago.
“Definitely went and he started to cough up water and everything,” he said. “I knew that was a good sign and I just didn’t realize I had to keep going for so long.”
Westerhaus was reunited with Xavier and his mother, Alexis Rigney, for the first time eight days later.
Rigney said she was helping her 4-month-old when she realized Xavier, who has autism, was gone, and the door left open.
“Anything could happen in a matter of minutes,” Rigney said. “I’m just glad that he’s OK now, and he’s my best friend, so I don’t know what I would do without him.”
Responders say what happened at the apartment complex is a sobering reminder that drowning doesn’t always look like what you might think it does.
“Drownings don’t always draw attention to themselves,” Rob Fleeup, battalion chief of Douglas County Fire and Medical, said. “It’s just attentive people and just eyes on the water and paying attention to your surroundings that save lives.”
Copyright 2022 KMBC via CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/05/30/caught-cam-man-uses-cpr-after-pulling-drowning-4-year-old-apartment-pool/ | 2022-05-30T20:43:30Z |
NEW YORK, June 21, 2022 /PRNewswire/ -- Fillogic, the logistics-as-a-service platform for retail, and Recurate, the technology-enabled resale service for brands, announce a partnership that creates a value-retaining and revenue-generating circular economy for popular retail goods using the power of localized logistics at scale.
The new Recurate and Fillogic partnership enables retail brands to get closer to their customers and simplify the management and distribution of resale inventory using Recurate's ecommerce technology, which is tightly integrated with Fillogic's network of tech-enabled distribution hubs based at convenient mall locations.
Amour Vert, the original sustainable fashion brand, launched its resale program ReAmour in 2021 and has utilized Recurate and Fillogic's services since its inception. Amour Vert's goal was to offer a seamless integrated resale experience for its customers, but needed a system in place that would guarantee the resale products met the brand's high standards. ReAmour was made possible through the hand-in-hand approach between Recurate, creating the customized, fully-integrated resale site, and Fillogic, handling the logistical back-end to confirm quality and provide an easy process for ReAmour consumers.
"As the original sustainable fashion brand we are excited to expand our customer's experience through the Recurate platform and Fillogic partnership," said Taylor Hansen, VP of Global Marketing & Ecommerce at Amour Vert. "Through the Amour Vert ReAmour peer-to-peer resale marketplace our fans may experience access to past small-batch, limited edition styles that have become fan favorites. We're also pleased to be able to offer a more accessible pricepoint on sustainable fashion, while giving our 'future vintage' styles a second life to a wider range of customers."
Fillogic Hubs offer returns/reverse logistics and distribution for brand's utilizing Recurate's resale platform. Fillogic inspects the item to ensure it meets the brand's quality standards, captures photos, and integrates with Recurate to list the item on the brand's ecommerce site. The innovative and quality-controlled circular economy retail model results in less waste in landfills and a lower carbon footprint for all involved because of how Fillogic manages inventory, distribution, last-mile delivery and recycling.
"This partnership is one of those unique situations where 1+1 = 3, and we're more than happy to be supporting Recurate's mission," said Gregory Cioffi, Vice President of Implementation and Customer Success at Fillogic. "Fillogic's technology and localized logistics infrastructure are extremely agile and able to meet all of our customers' requirements. This flexibility has allowed for a quick implementation of specific requirements for Recurate's customers, while enabling their business model to sustainably scale across multiple, localized facilities."
Recurate empowers brands and retailers to sell "pre-loved" products directly on their ecommerce sites. Recurate's technology facilitates several models of branded resale, including peer-to-peer transactions where customers can list products from their order history, take-back programs online and in-store, charity auctions and sample sales.
"The growth of the resale market is outpacing traditional retail commerce 11-to-1 because consumers are looking for ways to not only spend less, but to cause less damage to the environment," explains Cynthia Power, Recurate's VP of Brand Success. "We make it easy for brands like Amour Vert to control their resale inventory while also making it easy for consumers to quickly list and sell their 'pre-loved' items. And Fillogic's infrastructure makes it easy to receive, store and deliver brand-owned inventory – like returns and sample products – for a seamless transaction."
The Fillogic and Recurate partnership will continue to allow brands to offer a turnkey resale experience for consumers.
Amour Vert is the ethically made, women-led, sustainable fashion brand that combines Parisian sophistication with Northern California ease. Since 2010, their labor of environmental love has led to the pioneering of new fabrics and the conscious adjustment of their business practices across the board. Instead of investing in trends that inevitably lead to the landfill, they are dedicated to addressing the environmental impact of everything they design before going into production. For more information about Amour Vert, please visit www.amourvert.com.
Fillogic is a NYC-based technology company dedicated to maximizing efficiencies for retailers and freight delivery networks via mall-based micro distribution hubs. It is an experienced team of retail and logistics professionals, technologists, serial entrepreneurs and creative problem solvers with more than 160 years of combined experience. Fillogic is driven by a mission to help our partners decipher the writing on the wall as technology continues to rapidly transform the retail landscape. For more information, please visit: www.fillogic.com.
Founded in 2020, Recurate, Inc. is a leading circular economy technology company that offers brands an ecommerce solution to capture their secondhand sales. Recurate enables an integrated peer-to-peer marketplace on brands' ecommerce stores, allowing their customers to resell items they previously purchased from those brands. Recurate works with fashion, outdoor gear, electronics, and equipment brand companies. To learn more about Recurate, please visit: www.recurate.com.
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SOURCE Recurate | https://www.wibw.com/prnewswire/2022/06/21/amour-vert-sustainably-manages-resale-inventory-with-new-fillogic-recurate-partnership/ | 2022-06-21T15:07:55Z |
Idaho Falls Community Hospital opens new pediatric clinic
IDAHO FALLS, Idaho (KIFI) - Idaho Falls Community Hospital teamed up with Intermountain Primary Children's Hospital to provide a brand new Pediatric Specialty Clinic. They are hoping to tailor this clinic to providing outpatient care to children.
They are hoping this will help to cover the growing need for pediatrics within the area. Currently, most families have had to travel south to Utah or elsewhere in order to get their children with these services.
The clinic will officially open this coming Monday on April 4. They will be able to specifically provide cardiology services for children.
They are hoping to expand their services though by the end of the year. Additional services coming soon are orthopedics, urology and some same-day surgeries. | https://localnews8.com/news/idaho-falls/2022/04/01/idaho-falls-community-hospital-opens-new-pediatric-clinic/ | 2022-04-01T18:06:57Z |
TORONTO, May 18, 2022 /PRNewswire/ - Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQB: HCANF) (Germany: A9KN) today announced it will host an earnings call for its financial and operational results for three months ended March 31, 2022 ("Q1 2022").
Halo will host a live webinar at 4:15 p.m. Eastern Time on Wednesday, May 18, 2022, to discuss its results. To access the webinar, visit https://conferencingportals.com/event/qzlwFzzt. The webinar will also be available on a telephonic replay after the event until May 25, 2022. To access the replay, dial 1-(800) 770-2030 (toll free) or (647) 362-9199 (international) and enter conference ID: 45805.
Please email all questions in advance to info@haloco.com.
Complete results are reported in the Company's condensed interim consolidated financial statements for the three months ended March 31, 2022, and associated management's discussion and analysis (the "Q1 2022 MD&A").
Halo is a multi-national incubation company with assets and operations centered in both THC and non-THC sectors. For the THC sector, Halo is focused on the West Coast of the United States where it has vertically integrated operations covering the entire value chain from seed to sale. Halo cultivates, extracts, manufactures, and distributes quality cannabis flower, pre-rolls, vape carts, edibles, and concentrates. Halo sells these products under a portfolio of brands including Hush™, Winberry Farms™, Williams Wonder Farms, its retail brand Budega™, and under license agreements with Papa's Herb®, DNA Genetics, and FlowerShop*. Halo has opened a dispensary in Los Angeles under the Budega™ brand in North Hollywood and plans to open two more in Hollywood, and Westwood in the second quarter of 2022. Halo also operates three Kushbar retail cannabis stores located in Alberta, Canada.
In the non-THC sector, Halo is expanding into health and wellness categories including CBD and functional supplements such as nootropic nutraceuticals and non-psychotropic mushrooms. Halo, through a series of acquisitions, has product offerings in the form of beverages (H2C Beverages), dissolvable strips (Dissolve Medical), capsules (Hushrooms™), and topical supplements (Hatshe) with proposed national distribution via a strategic agreement with SWAY Energy Corporation. Halo has entered a letter of intent to acquire Phytocann Holdings, one of Europe's leading wellness CBD consumer packaged goods companies with a portfolio of value and premium brands including Ivory, Harvest Laboratoires, Easy Weed, Kanolia, Herboristerie Alexandra, Buddies and Ghosty Buds.
As an incubator, Halo has successfully acquired and integrated a variety of companies which were subsequently reorganized to create Akanda Corp. (NASDAQ: AKAN), an international medical cannabis and wellness company, of which Halo currently owns approximately 44% of the common shares. Halo has also acquired a range of software development assets, including CannPOS, Cannalift, CannaFeels, and a discrete sublingual dosing technology, Accudab. Halo intends to reorganize these entities (including their intellectual property and patent applications) into a subsidiary called Halo Tek Inc., and to complete a distribution of the shares of Halo Tek Inc. to shareholders on record, at a date to be determined.
For further information regarding Halo, see Halo's disclosure documents on SEDAR at www.sedar.com.
Connect with Halo Collective: Email | Website | LinkedIn | Twitter | Instagram
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Halo's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Halo's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". Forward-looking information may relate to anticipated events or results including, but not limited to the expected results of operations and changes to operating expenses currently expected by management, the number of stores to be added by the end of the year, management's plans regarding its portfolio of cannabis businesses, the proposed acquisition of PhytoCann, revenue outlook, the expected contribution from the Company's California dispensaries and the expected opening date thereof, the time and place for the Company's earnings call, the Company's expansion plans regarding Canada, the expected size and capabilities of the final facility planned at Ukiah Ventures, the size of Halo's planned cultivation facility in Northern California, and the proposed spin-off by Halo Tek Inc.
By identifying such information and statements in this manner, Halo is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, Halo has made certain assumptions. Although Halo believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Among others, the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: inability of management to successfully integrate the operations of acquired businesses, changes in the consumer market for cannabis products, changes in the expected outcomes of the proposed changes to Halo's operations, delays in obtaining required licenses or approvals necessary for the build-out of Oregon operations, dispensaries or Canadian operations, the proposed spin-out with Halo Tek Inc., delays or unforeseen costs incurred in connection with construction, the ability of competitors to scale operations in Northern California, delays or unforeseen difficulties in connection with the cultivation and harvest of Halo's raw material, changes in general economic, business and political conditions, including changes in the financial markets; and the other risks disclosed in the Company's annual information form dated March 31, 2021 and other disclosure documents available on the Company's profile at www.sedar.com. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Halo does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to Halo or persons acting on its behalf is expressly qualified in its entirety by this notice.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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SOURCE Halo Collective Inc. | https://www.mysuncoast.com/prnewswire/2022/05/18/halo-collective-host-earnings-call-today-415pm-est-first-quarter-2022-financial-results/ | 2022-05-18T11:57:42Z |
NEW YORK, July 19, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Tupperware Brands Corporation (NYSE: TUP) alleging that the Company violated federal securities laws.
Class Period: November 3, 2021 to May 3, 2022
Lead Plaintiff Deadline: August 15, 2022
No obligation or cost to you.
Learn more about your recoverable losses in TUP:
https://www.kleinstocklaw.com/pslra-1/tupperware-brands-corporation-loss-submission-form-2?id=29928&from=4
Tupperware Brands Corporation NEWS - TUP NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Tupperware Brands Corporation made materially false and/or misleading statements and/or failed to disclose that: (i) Tupperware was facing significant challenges in maintaining its earnings and sales performance; (ii) accordingly, Tupperware's full-year 2022 guidance was unrealistic and/or unsustainable; (iii) all the foregoing, once revealed, was likely to have a material negative impact on Tupperware's financial condition; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Tupperware you have until August 15, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Tupperware securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the TUP lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/tupperware-brands-corporation-loss-submission-form-2?id=29928&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.kxii.com/prnewswire/2022/07/19/tup-alert-klein-law-firm-announces-lead-plaintiff-deadline-august-15-2022-class-action-filed-behalf-tupperware-brands-corporation-shareholders/ | 2022-07-19T10:41:05Z |
Film about NBA’s Antetokounmpo brothers comes to Disney+
By The Associated Press
The journey of two-time MVP Giannis Antetokounmpo and his brothers from difficult upbringings in Greece to NBA champions is the subject of an upcoming film. “Rise” debuts June 24 on Disney+, the streaming service announced Tuesday. With Giannis and Thanasis Antetokounmpo playing for the Milwaukee Bucks last year and their brother Kostas Antetokounmpo for the Los Angeles Lakers in 2019, the Antetokounmpos became the first trio of brothers to win NBA championships. A fourth brother, Alex, played last season for Raptors 905 of the NBA G League. | https://localnews8.com/sports/ap-national-sports/2022/05/10/film-about-nbas-antetokounmpo-brothers-comes-to-disney/ | 2022-05-11T05:27:09Z |
PITTSBURGH, Aug. 19, 2022 /PRNewswire/ -- The American Association for Pediatric Ophthalmology and Strabismus (AAPOS), the nation's leader in advancing the quality of children's eye care, joins Safe Eyes America to strongly oppose legislation now under consideration in the California legislature which lowers the education and surgical training requirements necessary for licensure to perform eye surgery.
California bill AB2236 would if enacted authorize optometrists to perform laser and scalpel surgeries on children without any specific pediatric training. Christie Morse, MD, AAPOS, EVP a children's eye physician and surgeon said: "There is nothing more important than helping children successfully see their way into adulthood. It is this commitment and dedication to children that drives pediatric ophthalmologists – (medical physicians and surgeons) to deliver the highest standard of treatment and surgical care to our pediatric patients. The delivery of such care requires years of medical and surgical training. AB 2236 which is now under consideration in the California legislature poses a threat to this high standard of care for California's children."
The eye is one of the most delicate and complex human organs. For the child's eye, that delicacy and complexity is raised exponentially. AB 2236 assumes that a child's eye and the adult eye are one in the same. Nothing could be further from the truth. Children are not simply small adults. AAPOS stands in opposition to AB 2236 alongside Safe Eyes America.
It is imperative that Californians contact their state Senator NOW and urge them to Vote NO on AB 2236. To find your state Senator click on the following link (https://findyourrep.legislature.ca.gov/). The California legislature adjourns for the 2022 year on August 31
Safe Eyes America is a 501(c) 4 non-profit organization dedicated to promoting the delivery of the highest quality medical and surgical eye care to the American public. SafeEyesAmerica.org.
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SOURCE Safe Eyes America | https://www.mysuncoast.com/prnewswire/2022/08/19/childrens-eye-surgeons-team-up-with-safe-eyes-america-oppose-lowering-eye-surgery-licensing-requirements/ | 2022-08-19T19:04:52Z |
Barcelona to play 2023-24 season away from Camp Nou
BARCELONA, Spain (AP) — Barcelona says it will play the 2023-24 season away from Camp Nou while Europe’s largest soccer stadium undergoes a massive overhaul. The club says Barcelona will play its games at the municipally owned Lluís Companys Stadium. Games will continue to be played at Camp Nou next season. The club wants games to return to Camp Nou in 2024-25 with attendance reduced to 50%. The club plans to finish the stadium work during the 2025-26 season. | https://localnews8.com/sports/ap-national-sports/2022/04/28/barcelona-to-play-2023-24-season-away-from-camp-nou/ | 2022-04-28T13:15:02Z |
Which tankless water heater is best?
Everyone can appreciate a long, hot shower, but the electric bill can be a bitter pill to swallow. Water heating with a traditional tank heater makes up an estimated 18% of your total energy use, but there is a way to cut that bill and still enjoy a luxurious shower or bath: adding a tankless water heater. The best tankless water heater is an estimated 34% more efficient than the old tank style.
The Stiebel Eltron Tempra 29 Plus Tankless Water Heater is a premium option that provides seemingly endless hot water, even in cooler climates.
What to know before you buy a tankless water heater
Flow rate
Before you buy a tankless water heater, consider how many people or appliances use hot water in your home. Measured in gallons per minute, this number is located on showerheads and other water-using appliances. Select a tankless water heater that can accommodate the most common situations in your house (e.g., two people showering at once, running the dishwasher and doing laundry, etc).
Temperature of incoming water
To select the appropriate tankless water heater, you’ll need to figure out the temperature of the groundwater entering your home and the target temperature created by the tank. Most groundwater hovers somewhere around 50 degrees, but extremes at either the hot or cold end can change that considerably.
The flow you get from your fixtures will vary depending on how much you’ll need to raise the temperature of the water coming through the tank. If your water is cold and you want your temperature hot, not only will the flow be reduced, but you’ll also use more power to get there.
Whole-house heaters vs. point-of-use heaters
Tankless water heaters are available in whole-house or point-of-use models. Whole-house heaters do exactly what it says — they provide hot water to the entire structure from one heater. These are best for sending hot water to more than one appliance at a time, but they can be very expensive (and much larger).
Point-of-use heaters are more compact and designed for use on one specific appliance (often a shower). They are installed close to their intended fixture and can supply nearly instant hot water. Many people use these for tiny houses, outdoor showers and RVs.
What to look for in a quality tankless water heater
Recirculation
With recirculation, cold water loops from the hot water line back into the heater using a pump to push it through a return line. This means hot water is available nearly instantly, which reduces water waste.
Digital temperature display
No one wants to step into a freezing shower, and a digital temperature display helps prevent that. This easy-to-read number tells you when your water is ready to go.
Memory settings
This set-it-and-forget-it feature allows you to program settings for things like washing clothes and dishes or taking a shower. It takes the guesswork out of deciding when the water is hot enough by remembering (and returning to) specific temperature settings.
Easy temperature adjustment
From a simple temperature knob to digital controls with up and down arrows, look for something that has easy temperature adjustment. You should not need an advanced degree to dial it in every time.
Simple installation
Some tankless water heaters are as simple as connecting a few hoses, plugging them in and turning on the water. If the one you select is a little more complicated, make sure the installation instructions are clear and easy to follow (or you can find a professional to do it for you).
How much you can expect to spend on a tankless water heater
Depending on the size and type, expect to spend $400-$2,000.
Tankless water heater FAQ
When do you choose an outdoor water heater vs. an indoor water heater?
A. Indoor water heaters are protected from the elements, but they have a few distinct disadvantages. They require venting drains to remove condensation that can damage your home if left standing. They also need ventilation for airflow.
Outdoor water heaters do not need these vents, and they are purpose-built to hold up to the weather. You do need to drain them when not in use, as a freeze-thaw cycle can cause pipes to burst (which results in leaks). If you are adding to an existing home, an outdoor water heater is much easier and does not require new pipes.
Do you need electricity for a tankless water heater?
A. No. Tankless water heaters can also be powered by natural gas and propane.
What’s the best tankless water heater to buy?
Top tankless water heater
Stiebel Eltron Tempra 29 Plus Tankless Water Heater
What you need to know: It is easy to install and provides hot water for multiple fixtures at once.
What you’ll love: It has advanced control of water flow rate and temperature. The design is compact and does not require separate venting. The digital screen is easy to read, and it comes with both memory settings and an easy knob for temperature control.
What you should consider: It’s a high-end product with a high-end price.
Where to buy: Sold by Amazon
Top tankless water heater for the money
Ecosmart Eco Electric Tankless Water Heater
What you need to know: It’s energy efficient and a good choice in warmer climates.
What you’ll love: It heats 6 gallons of water per minute and is energy efficient. The design is compact and features a digital display with a dial that can set temperatures ranging from 80 to 140 degrees.
What you should consider: It struggles to heat water in cold weather and cooler climates.
Where to buy: Sold by Amazon and Home Depot
Worth checking out
Eemax Electric Tankless Water Heater
What you need to know: It is battery-powered for operation even when the power goes out.
What you’ll love: It charges as you use it for on-demand hot water. Heat water from 80 to 140 degrees just one degree at a time. It can handle water pressure from the fixture ranging from 25 to 150 pounds per square inch. The slim stainless steel has a trendy blue finish.
What you should consider: It doesn’t work as well heating icy cold water.
Where to buy: Sold by Amazon and Home Depot
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Suzannah Kolbeck writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/best-tankless-water-heater/ | 2022-04-22T21:52:34Z |
IRVINGTON, N.Y., May 3, 2022 /PRNewswire/ -- Sunnyside Bancorp, Inc. (OTCBB: SNNY) (the "Company") announced today that all regulatory approvals have been received relating to the acquisition of the Company and its wholly-owned subsidiary, Sunnyside Federal Savings and Loan Association of Irvington, by Rhodium BA Holdings LLC, a New York-based private equity group. The Company's shareholders previously approved the acquisition at a special meeting of shareholders held on November 10, 2021.
Under the merger agreement signed between the parties, upon closing, each share of the Company's issued and outstanding common stock will be exchanged for $20.25 in cash.
The parties are diligently working towards closing of the transaction, which is expected to occur no later than May 31, 2022.
Sunnyside Bancorp, Inc., headquartered in Irvington, New York, is the parent of Sunnyside Federal Savings and Loan Association, a federally chartered stock savings and loan association founded in 1930. Sunnyside Federal offers a wide range of financial services through its office located in Irvington, New York. Sunnyside Bancorp, Inc.'s common stock trades on the Over-the-Counter Bulletin Board under the symbol "SNNY."
Rhodium BA Holdings LLC was formed by Mark Silber to purchase Sunnyside Bancorp, Inc. Mark Silber is a Managing Partner of Rhodium Asset Management and of Rhodium Capital Advisors, a New York-based fully integrated real estate investment firm with a primary focus on the preservation, acquisition, and management of affordable housing across the United States. Neither Rhodium Asset Management nor Rhodium Capital Advisors is participating in the purchase of Sunnyside Bancorp, Inc. Rhodium BA Holdings LLC, through a special purpose subsidiary, currently owns 9.82% of the Company's outstanding common stock.
Timothy D. Sullivan
President and Chief Executive Officer, Sunnyside Bancorp, Inc.
tsullivan@sunnysidefederal.com
(914) 591-8000
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SOURCE Sunnyside Bancorp Inc. | https://www.mysuncoast.com/prnewswire/2022/05/03/sunnyside-bancorp-announces-receipt-regulatory-approvals/ | 2022-05-04T00:10:00Z |
Air National Guard’s first female F-35 pilot completes inaugural flight: ‘It’s exciting’
(Gray News) - A female pilot from Kentucky made history earlier this month by piloting an F-35 fighter jet for the Air National Guard.
According to the Air National Guard, 30-year-old 1st Lt. Kelsey Flannery marked her first flight as a Vermont Air National Guard member on Sept. 7.
“I really wanted to be on the leading edge,” Flannery said. “It’s exciting to get up there, go fast, and be able to employ weapons, so that was one of the more appealing parts of it.”
Officials said Flannery has been training for three years to pilot the F-35A Lightning II.
The 30-year-old daughter of an Air Force pilot said she always knew she wanted to fly for the military.
After considering active duty, Flannery said she learned about the opportunities in the Air National Guard and being selected by Vermont to fly the F-35 was “icing on the cake.”
Flannery said the topic of her being the first female in the Air National Guard to pilot an F-35 never came up throughout the three-year process of becoming the latest pilot in the 134th Fighter Squadron.
“There’s definitely been a trail blazed already. I’m really grateful to the women who have done that, but nobody has brought it up, and I feel very much like an equal here,” Flannery said. “People just treat me like a wingman, and it’s great as it allows me to focus more on flying.”
Capt. Jake Dubie, an instructor pilot in the 134th Fighter Squadron, said Flannery did great on her first flight in Vermont.
“Never had to worry about her up in the air,” he said. “She did an awesome job, so it was definitely a lot of fun.”
According to Dubie, the goals laid out for Flannery are to be the best fighter pilot she can be and be someone who can be trusted in the air.
Flannery said she is excited to be part of the 134th Fighter Squadron as it has a strong reputation in the fighter community and a history that dates back to World War II.
“The heritage here goes back so many decades, and it’s so important that we retain that heritage,” Flannery said.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/09/15/air-national-guards-first-female-f-35-pilot-completes-inaugural-flight-its-exciting/ | 2022-09-16T01:06:58Z |
TAIPEI, July 12, 2022 /PRNewswire/ -- Flat Medical Co., Ltd., a MedTech company specializing in safety solutions for anesthesia and critical care procedures, announced that it has received Medical Device Regulation (MDR) certification from its Notified Body, the British Standards Institution (BSI), for its brand-new innovation, EpiFaith® CV, to deliver safe central line placements in European markets.
"This is a super exciting achievement for our team with significantly meaningful value," said Shao-Wei Tseng, the Chief Regulatory Officer of Flat Medical. "As the first Taiwanese Medtech company awarded MDR certification from the BSI, we feel honored to be certified to supply our innovative solution to improve the safety and quality of central venous catheterization procedures."
Central venous catheterization (CVC) is a common procedure in anesthesia, emergency medicine, and intensive care practices. Despite being widely performed by physicians in different specialties, central line placement can sometimes become cumbersome and risky when patients are critically ill or in an emergency setting. EpiFaith® CV is an innovative auto-aspiring syringe that helps providers identify and access vessels easily and safely.
As part of its portfolio growth strategy, Flat Medical is announcing the appointment of Dr. Gregory Schears—a Professor at the Mayo Clinic and a world-renowned expert in intensive care and vascular access—to its scientific advisory board. "The EpiFaith® is an innovation that has the potential to help make the central line access a much safer procedure with the user-friendly design," said Dr. Gregory Schears. "I am happy that I can be of help on the development of the product and its clinical strategies."
Flat Medical is now organizing a product launch with its local partners in the U.S. and Europe. The EpiFaith® CV has been formally introduced at the European Society of Anaesthesiology and Intensive Care (ESAIC) annual meeting this June in Milan and will be shown at the upcoming Association for Vascular Access (AVA) annual meeting in Minneapolis, and the European Society of Intensive Care Medicine (ESICM) annual congress in Paris.
About Flat Medical Co., Ltd.
Flat Medical is a MedTech company that focuses on safety solutions for clinical procedures. Supported by key opinion leaders and venture capitalists in the United States, Europe, and Asia, the company is commercializing and developing various applications for its innovative EpiFaith® tech.
CONTACT: Karl Tsao, karltsao@flatmedical.com
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SOURCE Flat Medical Co., Ltd. | https://www.kxii.com/prnewswire/2022/07/12/flat-medical-enters-vascular-access-medtech-domain-with-its-newly-acquired-mdr-certification-new-medical-advisor/ | 2022-07-12T14:13:25Z |
Police: Third family member charged with murder in ‘depraved’ neglect of disabled girl
GAFFNEY, S.C. (WHNS/Gray News) - Police are charging a third family member in the death of a South Carolina girl with disabilities.
Heather Baynard, who investigators say had numerous health issues, died April 11 at a hospital after she was brought in unresponsive.
The Cherokee County coroner called it the “absolute worst case of child neglect” he had seen in his career.
The South Carolina Law Enforcement Division and the Cherokee County Sheriff’s Office investigated Heather’s home, which the sheriff described as “deplorable.” He said the house was filled with feces, urine, flies, maggots and roaches.
Heather’s parents, David and Bobbie Jo Baynard, were arrested in May and charged with murder, according to WHNS.
SLED is now also charging Heather’s 20-year-old brother, Edward Vincent Baynard, with murder, child abuse, unlawful neglect and three counts of ill-treatment of animals.
According to his arrest warrants, Edward Baynard was a respite nurse and certified personal care assistant who failed to help his sister.
David and Bobbie Jo Baynard are facing new charges for child abuse and unlawful neglect that were filed by SLED as well.
Warrants state the crib in which the 14-year-old girl lived was infested with bugs, urine and feces. Her parents are accused of canceling doctors appointments for her, despite the fact she was medically fragile.
Dozens of animals were taken from the property. The new warrants from SLED say animals at the home were severely malnourished, dehydrated and infested with fleas and worms. One dog was found dead on the property during a search warrant.
Two of the puppies rescued were in such poor condition they had to be euthanized, according to SLED.
All three suspects went through bond court Monday night for the new charges. They are being held without bond.
Copyright 2022 WHNS via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/08/11/police-third-family-member-charged-with-murder-depraved-neglect-disabled-girl/ | 2022-08-11T21:55:03Z |
NEW YORK, Aug. 1, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Yext, Inc. ("Yext" or the "Company") (NYSE: YEXT) and certain of its former officers. The class action, filed in the United States District Court for the Southern District of New York, and docketed under 22-cv-05127, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Yext securities between March 4, 2021 and March 8, 2022, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased or otherwise acquired Yext securities during the Class Period, you have until August 16, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Yext organizes a business's facts to provide answers to consumer questions online. The Company operates Yext platform, a cloud-based platform that allows its customers to, among other things, provide answers to consumer questions, control facts about their businesses and the content of their landing pages, and manage their consumer reviews. Yext's website describes its service as "a modern, AI-powered Answers Platform that understands natural language so that when people ask questions about a business online they get direct answers—not links."
As COVID-19 resurged throughout 2021, Yext consistently assured investors that pandemic-related impacts on the Company's business were limited as the Company adapted to lockdowns and improved efficiencies in its sales and other operations.
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Yext's revenue and earnings were significantly deteriorating because of, inter alia, poor sales execution and performance, as well as COVID-19 related disruptions; (ii) accordingly, Yext was unlikely to meet consensus estimates for its full year ("FY") fiscal 2022 financial results and fiscal 2023 outlook; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
On March 8, 2022, Yext issued a press release announcing its fourth quarter ("Q4") and FY fiscal 2022 results. Among other items, Yext reported Q4 fiscal 2022 revenue of $100.9 million, falling short of consensus estimates by $140,000; first quarter ("Q1") fiscal 2023 revenue outlook of $96.3 million to $97.3 million, versus consensus estimates of $103.79 million; Q1 fiscal 2023 non-GAAP net loss per share outlook of $0.08 to $0.07, versus consensus estimates of $0.05; FY fiscal 2023 revenue outlook of $403.3 million to $407.3 million, versus consensus estimates of $444.71 million; and FY fiscal 2023 non-GAAP net loss per share outlook of $0.19 to $0.17, versus consensus estimates of $0.09. The Company further disclosed the departure of its CEO and CFO.
That same day, on a conference call to discuss Yext's Q4 and FY fiscal 2022 results, the Company's incoming CEO, Michael Walrath ("Walrath"), addressed the Company's disappointing financial results, revealing, inter alia, that "we have seen fragmentation in our interactions with customers and our ability to deliver premium service and support" and that, "[i]n hindsight, it is clear we were too focused on building sales capacity and not focused enough on other functions that drive productivity, particularly sales enablement, training, client success and services." Walrath also disclosed that "we saw a really significant disruption in our business" such as "in Q4, 50% -- over 50% of our in-person events were canceled because of the Omicron surges[,]" while opining that Yext could "[a]bsolutely" improve its "sales motion so that it's more efficient during disruptions like that[.]"
Following that call, a Truist Securities analyst lowered the firm's rating on Yext to hold from buy and slashed its price target to $6 from $17, noting, among other things, that key performing indicators showed an "unexpected slowdown" in Q4, guidance for fiscal 2023 shows no near-term turn around, and that "planned changes under new management (in go-to-market strategy, sales organization) carry execution risks and the timing for a meaningful and sustainable revival in growth is unclear[.]"
Following these disclosures, Yext's stock price fell $0.55 per share, or 9.29%, to close at $5.37 per share on March 9, 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
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SOURCE Pomerantz LLP | https://www.kxii.com/prnewswire/2022/08/01/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-yext-inc-class-action-lawsuit-upcoming-deadline-yext/ | 2022-08-01T19:07:46Z |
Recent approvals of potentially pivotal Berubicin Study into Switzerland, France, and Spain expected to significantly drive patient enrollment
Opportunities for Berubicin to be used in additional oncology indications with significant unmet needs
HOUSTON, May 16, 2022 /PRNewswire/ -- CNS Pharmaceuticals, Inc. (NASDAQ: CNSP) ("CNS" or the "Company"), a biopharmaceutical company specializing in the development of novel treatments for primary and metastatic cancers in the brain and central nervous system, today reported its financial results for the quarter ended March 31, 2022 and provided a clinical update of its anti-cancer drug candidates currently in development for the treatment of primary and metastatic brain and CNS cancer.
"Since the start of 2022, we have significantly expanded our international presence with clinical approvals in Spain, France and Switzerland received for our potentially pivotal study of Berubicin for the treatment of GBM. Once again our team demonstrated its operational, clinical and regulatory expertise this quarter. These efforts enable us to continue building momentum with patient enrollment – the cornerstone of any successful drug development program. The unmet need in GBM is enormous and knows no geographic borders and this critically important and state of the art trial will, most importantly, advance a much needed potential treatment option to patients. We have been and remain laser focused on executing on all of our operational efforts and look forward to an exciting year ahead," commented John Climaco, CEO of CNS Pharmaceuticals.
Clinical Programs Update
Berubicin – Novel anthracycline
CNS' lead product candidate, Berubicin, is a novel anthracycline and the first anthracycline to appear to cross the blood-brain barrier. Berubicin is currently being evaluated in a potentially pivotal global study evaluating its efficacy and safety in the treatment of GBM. The potentially pivotal global trial is an adaptive, multicenter, open-label, randomized and controlled study in adult patients with recurrent glioblastoma multiforme (WHO Grade IV) after failure of standard first-line therapy. Approximately 243 patients with GBM after failure of standard first line therapy will be randomized in a 2:1 ratio to receive Berubicin or lomustine for the evaluation of Overall Survival, the primary endpoint of the study. Overall Survival is a rigorous endpoint that the U.S. Food and Drug Administration (FDA) has recognized as a basis for approval of oncology drugs when a statistically significant improvement can be shown relative to a randomized control arm.
A pre-planned, non-binding futility analysis will be performed after approximately 30 to 50% of all planned patients have completed the primary endpoint at 6 months. This review will include additional evaluation of safety as well as secondary efficacy endpoints. Enrollment will not be paused during this interim analysis.
The FDA recently granted CNS Pharmaceuticals Fast Track Designation for Berubicin which enables more frequent interactions with the FDA to expedite the development and review process. As previously announced, the Company also received Orphan Drug Designation from the FDA which may provide seven years of marketing exclusivity upon approval of an NDA.
For more information about the potentially pivotal Berubicin trial, visit clinicaltrials.gov and reference identifier NCT04762069.
Upcoming Milestones
- Continue to expand potentially pivotal study to evaluate efficacy of Berubicin in the treatment of adult GBM into additional countries;
- Interim analysis of the trial when 30-50% of the total expected patients have been on study for 6 months (expected during first half of 2023); and
- Complete enrollment in potentially pivotal clinical trial for GBM.
WP1244 Portfolio - Novel class of DNA-binding agents
The Company continues to advance the development of its WP1244 drug technology portfolio, which utilizes anthracycline and distamycin-based scaffolds to create small molecule agents and is believed to be 500x more potent than daunorubicin in inhibiting tumor cell proliferation. Preclinical studies of WP1244 demonstrated high uptake in the brain with antitumor activity. The Company's development work has produced a new mesylate salt of WP1244, now identified as WP1874. The enhanced solubility of this salt may increase its ability to be formulated for use in an IV infusion, while maintaining similar potency and toxicity characteristics. Going forward, WP1874 will be the primary focus in our development efforts of the WP1244 portfolio. CNS Pharmaceuticals is also evaluating the use of WP1244/WP1874 in the treatment of other primary brain and central nervous system cancers, as well as cancers metastatic to the brain including pancreatic, ovarian, and lymphomas.
Upcoming Milestones
- File IND in 2023.
Summary of Financial Results for the First Quarter 2022
The net loss for the three months ended March 31, 2022 was approximately $2.8 million compared to approximately $3.6 million for the comparable period in 2021. The change in net loss is primarily attributable to increased drug manufacturing activities in 2021 in preparation for the commencement of the Company's clinical trials as well as the timing of annual employee incentive compensation, partially offset by an increase in contract research organization expenses as we are now actively conducting the trial of Berubicin.
The Company reported Research and development expenses of $1.5 million for the three months ended March 31, 2022 compared to approximately $2.2 million for the comparable period in 2021. The change in net loss is primarily attributable to increased drug manufacturing activities in 2021 in preparation for the commencement of the Company's clinical trials, as well as by the payment of annual employee incentive compensation during the three months ended March 31, 2021 and not having been paid by March 31, 2022, offset by an increase in expenses during the three months ended March 31, 2022 related to contract research organization (CRO) activites in conducting our trial of Berubicin.
General and administrative expense was approximately $1.3 million for the three months ended March 31, 2022 compared to approximately $1.4 million for the comparable period in 2021. This change is primarily due to the payment of annual employee incentive compensation during the three months ended March 31, 2021 and not having been paid by March 31, 2022.
As of March 31, 2022, the Company had cash of approximately $12.4 million and working capital of approximately $13.7 million. In early January 2022, the Company completed an offering of common stock and warrants for gross proceeds of $11.5 million. The Company's current expectation is that the cash on hand and the proceeds from the offering during January is sufficient to fund our operations into the first quarter of 2023. The timing and costs of clinical trials are difficult to predict and trial plans may change in response to evolving circumstances and as such the foregoing estimates may prove to be inaccurate.
About CNS Pharmaceuticals, Inc.
CNS Pharmaceuticals a clinical-stage pharmaceutical company developing a pipeline of anti-cancer drug candidates for the treatment of primary and metastatic cancers of the brain and central nervous system. The Company's lead drug candidate, Berubicin, is a novel anthracycline and the first anthracycline to appear to cross the blood-brain barrier. Berubicin is currently in development for the treatment of a number of serious brain and CNS oncology indications including glioblastoma multiforme (GBM), an aggressive and incurable form of brain cancer.
Additionally, the Company is advancing the development of its WP1244 drug technology portfolio, which utilizes anthracycline and distamycin-based scaffolds to create small molecule agents and is believed to be 500x more potent than daunorubicin in inhibiting tumor cell proliferation. Preclinical studies of WP1244 demonstrated high uptake in the brain with antitumor activity. CNS Pharmaceuticals is evaluating the use of the WP1244 portfolio in the treatment of brain cancers, pancreatic, ovarian, and lymphomas.
For more information, please visit www.CNSPharma.com, and connect with the Company on Twitter, Facebook, and LinkedIn.
Forward-Looking Statements
Some of the statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. These statements relate to future events, future expectations, plans and prospects. Although CNS believes the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. CNS has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including those discussed under Item 1A. "Risk Factors" in CNS's most recently filed Form 10-K filed with the Securities and Exchange Commission ("SEC") and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this press release speak only as of its date. CNS undertakes no obligation to update any forward-looking statements contained in this press release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.
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SOURCE CNS Pharmaceuticals, Inc. | https://www.kxii.com/prnewswire/2022/05/16/cns-pharmaceuticals-reports-first-quarter-2022-financial-results-provides-corporate-update/ | 2022-05-16T12:56:16Z |
The company expands global scale and reach with addition of test center network and exam development services
BIRMINGHAM, Ala., June 28, 2022 /PRNewswire/ -- Meazure Learning, the premier provider of high-stakes online testing services for the higher education and professional testing markets, announced today the acquisition of Scantron Corporation's Certification and Licensure business. The acquisition includes the Certification and Licensure business's test center network, related assessment software, exam development, psychometric, and client services and solutions expert teams. The acquisition positions Meazure Learning for continued growth by augmenting its best-in-class remote proctoring with a scaled, global test center network and expanded exam development services, broadening its offering for the professional certification and licensure testing market.
Meazure Learning saw increased demand for its market-leading online proctoring platform when the COVID-19 pandemic forced test centers to close. Today, program owners want to provide test-takers the choice of taking exams securely in remote environments or in a traditional test center. A multi-modal delivery solution provides convenience and flexibility for test-takers to sit for an exam when and where they choose. Meazure Learning is meeting this growing market demand by increasing its existing network of 300 test centers in Canada to over 1,600 test sites globally with the addition of Scantron's Certification and Licensure test center network.
In addition to expanding its secure delivery solutions, the acquisition will also strengthen Meazure Learning's exam development and psychometric services. The exam development and psychometric team will double in size and more importantly, the combined expertise of the two organizations will give clients access to additional capacity, thought leadership, research, and innovative best practices.
"The acquisition of Scantron's Certification and Licensure business aligns with Meazure Learning's purpose of helping move people forward in their educational and professional pursuits." said Tim McClinton, CEO of Meazure Learning. "The combination of our best-in-class remote proctoring platform and newly expanded global test center network provides our customers and partners with the flexibility, reach, and innovative technology to deliver an exceptional candidate experience and superior outcomes for test-takers."
Meazure Learning – created from the merger between ProctorU and Yardstick – provides secure, reliable, and convenient test development and administration solutions for academic and professional credentialing programs. As the most experienced online proctoring provider and a leader in innovative psychometric practices, we believe testing requires a balanced partnership between human-first services and advanced technology. We empower our partners, test-takers, and industry through our purpose to move people forward in their educational, professional, and personal lives. To learn more, visit us at MeazureLearning.com.
Scantron's Certification and Licensure business includes assessment development, psychometric, and client services from a deeply experienced and tenured team, state-of-the-art, proprietary assessment technology, and a global test center network. Built on more than 30 years of experience and leadership in the science of psychometrics, professional test development, and internet-based test delivery, the companies' combined offerings will provide an enhanced set of products and services while continuing to provide the expertise clients have come to rely on. The Scantron Certification and Licensure business has a location in Morrisville, North Carolina. The additional assets of Scantron are not part of the acquisition and will continue to operate under the Scantron brand.
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SOURCE Meazure Learning | https://www.mysuncoast.com/prnewswire/2022/06/28/meazure-learning-announces-acquisition-scantrons-certification-licensure-business/ | 2022-06-28T15:11:20Z |
Shawnee Co. residents to vote on sales tax to fund expanded operations at Gage Park, Topeka Zoo
TOPEKA, Kan. (WIBW) - Shawnee Co. voters will decide whether to add a special sales tax to support Gage Park.
Shawnee Co. Commissioners voted Thursday to put the question on the November ballot. If approved, the county would implement an extra two-tenths of a percent sales tax.
The money would go to facilities and projects at Gage Park, including the Topeka Zoo and Kansas Children’s Discovery Center.
“We discovered that many successful zoos have shifted away from that property tax to a sales tax, as it’s a more fair method for local taxpayers,” Friends of the Zoo
“I believe at this time the citizens of Shawnee County should not be asked to consider any additional tax, including a sales tax,” Shawnee Co. resident Carol Marple said. “Almost every basic need that a family has, the cost has risen.”
The measure also would create a Gage Park Authority, which would control how a portion of the money is spent.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/08/19/shawnee-co-residents-vote-sales-tax-fund-expanded-operations-gage-park-topeka-zoo/ | 2022-08-19T05:14:22Z |
SAN FRANCISCO, Aug. 24, 2022 /PRNewswire/ -- Blockchain Capital, LLC announced the appointment of Jason Di Piazza as Head of Capital Formation. Mr. Di Piazza will be responsible for leading the firm's capital raising, client engagement as well as new investment strategy and development.
"With nearly two decades of experience working closely with leading institutional investors, Jason brings a distinctive perspective on client engagement. His knowledge and expertise will be critical as we continue to develop Blockchain Capital's strategic vision and seek to educate potential investors on the web3 ecosystem," said Bart Stephens, Founding Partner.
Mr. Di Piazza joins Blockchain Capital from Farallon Capital Management, where he ran business development across the East Coast and Latin America. Prior to joining Farallon in 2019, Mr. Di Piazza spent 15 years at BlackRock where he was most recently Managing Director and Co-Head of BlackRock's West Coast Family Office, Foundation & Endowment team. In this function, he oversaw all commercial outcomes and team development across the entire Western Region. Mr. Di Piazza began his career in asset management in Barclays Global Investors Institutional Client business, where he partnered with many of the firm's largest, most complex institutional client relationships. Mr. Di Piazza holds a Bachelor of Arts in Political Science from Santa Clara University and attended the London School of Economics & Political Science, where he earned a Master of Science in Global History.
About Blockchain Capital, LLC
Based in San Francisco, Blockchain Capital is the first dedicated venture capital firm to invest exclusively in the blockchain technology sector. Founded in 2013 by Bart and Brad Stephens, Blockchain Capital has funded over 165 founders with the principal mission of helping these entrepreneurs build world-class companies and projects based on blockchain technology.
Media Contact: contact@blockchaincapital.com, 415-677-5340
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SOURCE Blockchain Capital | https://www.wibw.com/prnewswire/2022/08/24/blockchain-capital-announces-new-head-capital-formation/ | 2022-08-24T18:47:29Z |
Former US Army reservist found guilty in Jan. 6 riot
WASHINGTON (AP) — A former U.S. Army reservist described by prosecutors as a Nazi sympathizer has been convicted of storming the U.S. Capitol to obstruct Congress from certifying President Joe Biden’s 2020 electoral victory. Timothy Hale-Cusanelli, who worked a security contractor at a Navy base when he joined the pro-Trump mob on Jan. 6, was also convicted Friday of disorderly conduct and other misdemeanors. Hale-Cussanelli took the stand in his defense and claimed he didn’t know that Congress met at the Capitol building. During the trial’s opening statements Tuesday, a Justice Department prosecutor said Hale-Cusanelli stormed the Capitol because he wanted to kick off a civil war and create “a clean slate.” | https://localnews8.com/news/ap-national/2022/05/27/former-us-army-reservist-found-guilty-in-jan-6-riot/ | 2022-05-27T22:56:25Z |
- Maintains Guidance to Achieve Positive Adjusted EBITDA* in Current Q1 Fiscal 2023 and Revenue Guidance for FY 2023 of Between $125 - $140 Million
- Has Repurchased 500K Shares of under its Announced 2 Million Stock Repurchase Program
- Currently Has Cash and Cash Equivalents Totaling Approximately $14 Million
LOS ANGELES, May 19, 2022 /PRNewswire/ -- LiveOne (Nasdaq: LVO), a creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events, announced today anticipated further cost and expense reductions and certain updated financial guidance.
As part of LiveOne's plan to focus on generating cash from operations on a consolidated basis, LiveOne is implementing additional cost and expense reductions from both operations and corporate overhead which is anticipated to increase the previously implemented $14 million of annual cost savings to a total of over $20 million in its fiscal year ending March 31, 2012 ("Fiscal 2023").
LiveOne has recently repurchased 500,000 shares of its common stock under its previously announced stock repurchase program. Repurchases of up to 2,000,000 of LiveOne's shares of common stock have been previously authorized by its board of directors. The authorization to repurchase will expire on January 31, 2023.
LiveOne's Chairman and CEO, Robert Ellin, commented, "We continue to consolidate our operations and remain focused on capitalizing upon our significant revenue growth over the past two years by planning to achieve positive Adjusted EBITDA* in both the current Q1 Fiscal 2023, as well as full-year Fiscal 2023."
Mr. Ellin continued, "Our wholly owned PodcastOne and Slacker Radio subsidiaries are operating at record levels, both in terms of revenue and EBITDA. We will continue to focus on growing memberships, business of our subsidiaries, sponsor-backed original programming, B-to-B opportunities, gamification and our NFT platform, each of which may add to Adjusted EBITDA."
The timing, price and actual number of shares repurchased under the Company's stock repurchase program will be at the discretion of LiveOne's management and will depend on a variety of factors, including stock price, general business and market conditions, and alternative investment opportunities.
About LiveOne, Inc.
Headquartered in Los Angeles, California, LiveOne, Inc. (NASDAQ: LVO) (the "Company") is an award-winning, creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. As of April 25, 2022, the Company has accrued a paid and free membership base of over 2.26 million**, streamed over 2,900 artists, has a library of 30 million songs, 600 curated radio stations, nearly 270 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, released music-related NFTs, and created a valuable connection between fans, brands, and bands. The Company's wholly-owned subsidiaries include Slacker Radio, React Presents, Gramophone Media, Palm Beach Records, Custom Personalization Solutions, LiveXLive, PPVOne and PodcastOne, which generates more than 2.48 billion downloads per year and 300+ episodes distributed per week across its stable of top-rated podcasts. LiveOne is available on iOS, Android, Roku, Apple TV, Amazon Fire, and through OTT, STIRR, and XUMO. For more information, visit www.liveone.com and follow us on Facebook, Instagram, TikTok, and Twitter at @liveone.
* About Non-GAAP Financial Measures
To supplement our consolidated financial statements, which are prepared and presented in accordance with the accounting principles generally accepted in the United States of America ("GAAP"), we present Contribution Margin (Loss) and Adjusted Earnings Before Interest Tax Depreciation and Amortization ("Adjusted EBITDA"), which are non-GAAP financial measures, as measures of our performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss and or net income (loss) or any other performance measures derived in accordance with GAAP or as an alternative to net cash provided by operating activities or any other measures of our cash flows or liquidity.
We use Contribution Margin (Loss) and Adjusted EBITDA to evaluate the performance of our operating segment. We believe that information about these non-GAAP financial measures assists investors by allowing them to evaluate changes in the operating results of our business separate from non-operational factors that affect operating income (loss) and net income (loss), thus providing insights into both operations and the other factors that affect reported results. Adjusted EBITDA is not calculated or presented in accordance with GAAP. A limitation of the use of Adjusted EBITDA as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. Accordingly, Adjusted EBITDA should be considered in addition to, and not as a substitute for net income (loss), and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, Adjusted EBITDA as presented herein may not be comparable to similarly titled measures of other companies.
Contribution Margin (Loss) is defined as Revenue less Cost of Sales. Adjusted EBITDA is defined as earnings before interest, other (income) expense, income tax expense, depreciation and amortization and before (a) non-cash GAAP purchase accounting adjustments for certain deferred revenue and costs, (b) legal, accounting and other professional fees directly attributable to acquisition activity, (c) employee severance payments and third party professional fees directly attributable to acquisition or corporate realignment activities, (d) certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at acquired companies prior to their purchase date and a one-time minimum guarantee to effectively terminate a live events distribution agreement post COVID-19, (e) depreciation and amortization (including goodwill impairment, if any), and (f) certain stock-based compensation expense. Management does not consider these costs to be indicative of our core operating results.
With respect to projected 2023 Adjusted EBITDA, a quantitative reconciliation is not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to purchase accounting adjustments, acquisition-related charges and legal settlement reserves excluded from Adjusted EBITDA. We expect that the variability of these items to have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results.
Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "may," "might," "will," "will likely result," "would," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "continue," "target" or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: the Company's reliance on one key customer for a substantial percentage of its revenue; the Company's ability to consummate any proposed financing, acquisition, spin-out, distribution or transaction, the timing of the closing of such proposed event, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all, or that the closing of any proposed financing, acquisition, spin-out, distribution or transaction will not occur or whether any such event will enhance shareholder value; the Company's ability to continue as a going concern; the Company's ability to attract, maintain and increase the number of its users and paid subscribers; the Company identifying, acquiring, securing and developing content; the Company's intent to repurchase shares of its common stock from time to time under its announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; the Company's ability to maintain compliance with certain financial and other covenants; the Company successfully implementing its growth strategy, including relating to its technology platforms and applications; management's relationships with industry stakeholders; the effects of the global Covid-19 pandemic; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of the Company's subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2021, filed with the U.S. Securities and Exchange Commission (the "SEC") on July 14, 2021, Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, filed with the SEC on August 16, 2021, Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2021, filed with the SEC on October 29, 2021, Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2021, filed with the SEC on February 14, 2022, and in the Company's other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and the Company disclaims any obligations to update these statements, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.
** Included in the total number of paid members for the reported periods are certain members which are the subject of a contractual dispute. LiveOne is currently not recognizing revenue related to these members.
LiveOne IR Contact:
(310) 601-2505
ir@liveone.com
LiveOne Press Contact:
aileen@livexlive.com
917.842.9653
aavidon@livexlive.com
516.522.1349
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SOURCE LiveOne, Inc. | https://www.kxii.com/prnewswire/2022/05/19/liveone-increases-fiscal-year-2023-adjusted-ebitda-guidance-between-5-million-10-million-it-increases-anticipated-annual-cost-expense-reductions-14-million-more-than-20-million/ | 2022-05-19T14:10:45Z |
LONDON, June 23, 2022 /PRNewswire/ -- Basis—an international insight consultancy headquartered in London, with offices in Chicago, Los Angeles, and New York City—today announced its best fiscal year in the company's 30-year history, posting record growth, profitability, and hiring, for the fiscal year ending in March 2022.
"Basis was built on the belief that we could maintain the culture, service and quality of a boutique agency, while delivering world-class insights to clients around the globe," said Rune Mortensen, Basis' Group CEO. "Our performance this past year shows our approach is resonating. I couldn't be more excited for our future, and more humbled by the fact that our clients continue to look to our team to for business intelligence, research and insights that drive real value."
Highlights of Basis' record-setting fiscal year included:
- Year-over-year gross revenue growth of 20% percent across Basis' business lines, Consumer/B2B, Health, and Social
- New business and organic growth resulting in a 21 percent increase in the Consumer/B2B division, 13 percent increase in the Health division, and an outstanding 420 percent increase in its most recently launched Social division
- A team of 100+ employees, a 33 percent increase from the start of the previous fiscal year
"We are incredibly proud of our teams for this record achievement," said Charlotte Smith, Basis' Global Head of Qualitative. "In order to continue to grow strategically and profitably, our long-term efforts have significant emphasis on investing in top talent and expanding our services to deliver transformational insights for our clients."
Basis strong FY 2022 performance has continued into the first quarter of the new fiscal year, including several new senior-level hires and continued investment in the future growth of the business.
"In the coming weeks, we look forward to announcing several meaningful milestones that will further position us for success in serving our clients," Katie Buckley, Managing Partner at Basis Chicago, said. "These strategic moves will include the hiring of additional industry expertise, alongside increased investments aimed at expanding our presence in the United States."
For more information about Basis' unique services and its team, visit https://www.basisresearch.com/.
About Basis Group
Basis Group is an award-winning international insight consultancy, fusing a range of approaches – quantitative and qualitative primary research, behavioral sciences, cultural insights and semiotics, creative illustration and design – to drive growth and disruption for its clients. Basis is based in the United States and United Kingdom, but also operates in more than 60 countries worldwide and across a wide spectrum of audiences and verticals in the Consumer, B2B, health and social sectors. For more information about Basis, visit https://www.basisresearch.com/.
Media Contact:
Darby Dame
269-870-5956
ddame@lambert.com
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SOURCE Basis | https://www.mysuncoast.com/prnewswire/2022/06/23/basis-group-accelerates-expansion-following-record-performance-year-across-all-divisions/ | 2022-06-23T12:57:24Z |
With Five New IMAX with Laser Systems, Cineworld Now Plans to Upgrade or Open a Total of 52 IMAX Systems across its Worldwide Footprint by 2026
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Cineworld and IMAX Corporation (NYSE: IMAX) today announced an expansion of their longstanding partnership, under which 52 IMAX locations across Cineworld's worldwide footprint will be upgraded or opened by 2026. Cineworld and IMAX had previously contracted for 47 new or upgraded IMAX® systems and under the new agreement will add an additional five new IMAX with Laser systems across the UK and Europe. Under the agreement, Cineworld Leicester Square in London, Regal Irvine Spectrum in California, and Regal UA Sheepshead Bay in New York City will all feature IMAX with Laser.
"Cineworld has always been visionary and unyielding in its drive to offer the best possible moviegoing experience, and this agreement signals the company's desire to serve its fans into the future and meet the growing consumer demand for IMAX around the world," said Rich Gelfond, CEO of IMAX. "Mooky, Renana and their teams continue to be excellent partners to us at IMAX and we look forward to further building on our many years of success together."
"The ongoing, outstanding success of the Blockbuster movies in IMAX proves the importance customers give to high quality, and this only got stronger after COVID," said Mooky Greidinger, CEO of Cineworld. "Our partnership with IMAX goes back many years, since the days of the 70mm, through Digital and now Laser. We believe that IMAX's commitment to being the best quality in the world for the moviegoer is second to none and we are proud to continue and offer our customer the IMAX experience in more and more locations around the world."
Cineworld currently operates the most IMAX locations in Europe, and the two companies enjoy a longstanding partnership spanning nearly twenty-five years. Cineworld was among the first global exhibitors to launch IMAX with Laser, striking an agreement in 2018 to install 55 systems in, and a subsequent agreement in 2019 to install an additional 15 systems.
IMAX with Laser is IMAX's most advanced theatre experience, developed from the ground-up to be immersive by design and deliver crystal clear, lifelike images and precision audio for a moviegoing experience unlike anything else. It is unmatched with by a groundbreaking 4K laser projection system that features a new optical engine, custom designed lenses, and a suite of proprietary technology that delivers brighter images with increased resolution, deeper contrast, and the widest range of colors exclusively to IMAX screens.
About IMAX Corporation
IMAX is a premier global technology platform for entertainment and events. Through its proprietary software, theater architecture, patented intellectual property, and specialized equipment, IMAX offers a unique end-to-end solution to create superior, immersive content experiences for which the IMAX® brand is globally renown. Top filmmakers, movie studios, artists, and creators utilize the cutting-edge visual and sound technology of IMAX to connect with audiences in innovative ways. As a result, IMAX is among the most important and successful global distribution platforms for domestic and international tentpole films and, increasingly, exclusive experiences ranging from live performances to interactive events with leading artists and creators.
IMAX is headquartered in New York, Toronto, and Los Angeles, with additional offices in London, Dublin, Tokyo, and Shanghai. As of June 30, 2022, there were 1,694 IMAX theater systems (1,610 commercial multiplexes, 12 commercial destinations, 72 institutional) operating in 87 countries and territories. Shares of IMAX China Holding, Inc., a subsidiary of IMAX Corporation, trade on the Hong Kong Stock Exchange under the stock code "1970."
IMAX®, IMAX® Dome, IMAX® 3D, IMAX® 3D Dome, Experience It In IMAX®, The IMAX Experience®, An IMAX Experience®, An IMAX 3D Experience®, IMAX DMR®, DMR®, Filmed For IMAX™, IMAX LIVE™, IMAX Enhanced™, IMAX nXos® and Films to the Fullest®, are trademarks and trade names of the Company or its subsidiaries that are registered or otherwise protected under laws of various jurisdictions. More information about the Company can be found at www.imax.com. You may also connect with IMAX on Instagram (https://www.instagram.com/imax), Facebook (www.facebook.com/imax), Twitter (www.twitter.com/imax) and YouTube (www.youtube.com/imaxmovies).
About Cineworld:
Cineworld Group plc was founded in 1995 and listed its shares on the London Stock Exchange in May 2007. The company has grown through expansion and by acquisition to become the second largest cinema chain worldwide, holding the number one or number two position by number of screens in each of its regions. Cineworld currently operates 9,139 screens across 747 sites in 10 countries - the US, UK, Ireland, Poland, the Czech Republic, Slovakia, Hungary, Bulgaria, Romania and Israel. Cineworld currently has 132 IMAX® auditoriums globally.
For additional information please contact:
Investors:
Heather Anthony
hanthony@imax.com
212.821.0121
Media:
Mark Jafar
mjafar@imax.com
212.821.0102
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SOURCE IMAX Corporation | https://www.wibw.com/prnewswire/2022/08/03/imax-cineworld-expand-longstanding-partnership-with-agreement-upgraded-new-imax-locations-worldwide/ | 2022-08-03T14:24:37Z |
A roundup of the week's most newsworthy technology industry press releases from PR Newswire
NEW YORK, Sept. 16, 2022 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering the business technology industry stay on top of the week's most newsworthy and popular releases, here's a roundup of stories from the week that shouldn't be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Twitter Stockholders Approve Acquisition by Elon Musk
Based on a preliminary tabulation of the stockholder vote, approximately 98.6% of the votes cast at the Special Meeting approved the proposal to adopt the Merger Agreement. - Carrier Ventures Invests in Next-Generation Sustainable Technology Startups
"Our partnerships with Archilogic, Butlr and Transaera will help to accelerate the commercialization of next-generation technology, contributing to a more sustainable world," says Jennifer Anderson, Senior Vice President, Strategy, Business Development & Chief Sustainability Officer. - Oracle Announces MySQL HeatWave on AWS
AWS users can now run transaction processing, analytics, and machine learning workloads in one service, without requiring time-consuming ETL duplication between separate databases. - Verkada raises $205M to build the operating system for the physical world
Verkada, a leader in cloud-managed enterprise building security and management, will use the investment to enhance its existing offerings, develop new product lines, hire across all functions, and continue its geographic expansion. - Google Completes Acquisition of Mandiant
With this acquisition, Google Cloud and Mandiant will deliver an end-to-end security operations suite with even greater capabilities to support customers across their cloud and on-premise environments. - Peloton Announces Changes to Leadership Team
The company has accepted the resignations of John Foley as Executive Chair and Hisao Kushi as Chief Legal Officer, effective September 12, 2022, and October 3, 2022, respectively. - OpenText Zeroes-In on Ambitious ESG Targets and Programs
Mark J. Barrenechea, OpenText CEO and CTO, says, "OpenText is in a unique position to enable our customers to be climate innovators through digital transformation, as well as by leading by example. And we intend to do just that." - Latinas in Tech Partners With Korbel® California Champagne to Celebrate Influential Hispanic Women in STEM with Luminarias NFT Collection and Metaverse Art Exhibition
The program toasts the achievements of Latinas revolutionizing the tech industry and uplifting their communities in honor of Hispanic Heritage Month. - New Personal Security App, "Never Walk Alone - NYC ," Helps Protect City Walkers
People who want to feel safe by walking with a partner can order a companion by using a phone with the same format as used to order an Uber.
Read more of the latest business technology releases from PR Newswire and stay caught up on the top press releases by following @PRNbiztech on Twitter.
Helping Journalists Stay Up to Date on Industry News
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SOURCE PR Newswire | https://www.kxii.com/prnewswire/2022/09/16/this-week-tech-news-9-stories-you-need-see/ | 2022-09-16T12:16:18Z |
Special needs event
The His Kids special needs ministry at Temple Bible Church will hold “All Together,” a special needs conference, from 9 a.m. to 4 p.m. Saturday, Aug. 6, at 3205 Oakview Drive in Temple.
The goal of the conference is to provide support, hope, information and resources for families caring for those with disabilities and special needs.
The conference will feature guest speaker Mary Klentzman and breakout sessions with specialists in areas of behavior, therapies, counseling and more.
Cost is $15 per person and lunch is included. Attendees must RSVP by July 29 at www.templebiblechurch.org/thehub. For information email heatherw@tbcweb.org.
C.A.R.E. Leadership Network
The Community, Alternative, Resources and Empowerment Leadership Network will meet 11 a.m. Thursday, July 28, at the Harris Community Center, 401 N. Alexander St. in Belton.
The meeting will include a time of fellowship and a back-to-school prayer service.
The meeting is open to all pastors, organizations, agencies and church members.
For information email moralessjudy@gmail.com or dankirkley@aol.com.
Summer story time
Meadow Oaks Baptist Church, 3001 Meadow Oaks Drive in Temple, has announced a new summer story time program.
Children age 3-11 are invited, along with a parent or caretaker, to hear stories, make crafts, and create music from 9-10:30 a.m. on July 23 and July 30 at the church. The program is free and open to the public. For information call 254-773-2589.
Worship and Wonder
First Christian Church, 300 N Fifth St. in Temple, is offering a Worship and Wonder program for children during its 10 a.m. worship service on Sundays.
The Worship and Wonder program includes Bible stories and offers participants the chance to form responses out of their own life experiences.
The children begin worship in the sanctuary and then are led to a special worship space, where a storyteller is waiting to greet them. They sit in a circle, surrounded by Bible stories made just for them, with all materials at their height. The storyteller then leads the children in a time of singing and praise.
The program is open to children ages 3 through second grade. Older children are welcome to participate as helpers. For more information, contact the church office at 254-773-9061.
School prayer initiative
The Belton Parents 4 Change group invites the public to help pray for local schools. The group will meet at several Belton ISD schools for a prayer circle and walk.
The prayer events will take place at 5:15 p.m. at the following dates and locations: July 29 at South Belton Middle School, 805 Sagebursh in Belton; and Aug. 5 at Lake Belton Middle School, 8818 Tarver Drive in Temple.
“This is a community-wide event; all are welcome to join in to walk around the perimeter of our schools to reclaim these lands for God,” the group said in a post on social media. “Invite your neighbors, youth groups, churches and community groups to be involved to pray and rededicate this land for Jesus Christ.” | https://www.tdtnews.com/life/faith/article_7f72a242-09d6-11ed-9eb9-8f5fd91fe52d.html | 2022-07-23T07:19:56Z |
‘This guy is trying to kidnap me’: 9-year-old shares scary encounter while leaving school
KAILUA, Hawaii (KHNL/KGMB/Gray News) - A 9-year-old boy says someone was trying to kidnap him while he was on his way to a friend’s house after school.
Noam Burcerril, 9, said the incident happened on Friday when he was riding his bike on the Kaelepulu Stream bridge at Kailua Beach Park.
According to KHNL/KGMB, Noam said a truck stopped beside him when he was crossing the bridge with a person inside the vehicle telling him to come to his truck.
The 9-year-old said he didn’t know the man, so he turned in the opposite direction and rode back toward the school.
“My friend was over there, and I was like, ‘Can you call my mom? This guy is trying to kidnap me,’” Noam said.
The friend at the park was Emily Hellman, the mother of another student who goes to school with Noam.
“As we were talking, the truck that he had described circled back around, and he [Noam] quickly said, ‘That’s the truck!’ And then he ran away. He was really scared at that time,” Hellman said.
Hellman said she called Noam’s mother, Julie Burcerril, who was waiting for him at the friend’s house.
“When he talked to us on the phone, he was crying,” Julie Burcerril said. “When we saw him, he was better, but he was very scared.”
One thing that seemed to help Noam was that the bike path he was on was separated from traffic on the bridge.
“If he got out of his truck, he has to go around [pointing toward Kailua town] while I could just go forward,” Noam said.
The boy’s school sent a letter to all parents after the incident, and Noam’s family said they have filed a police report.
“He did exactly what you should do: Go back, get an adult, someone that he knew, and we were able to get him help,” Hellman said.
The two mothers said they had never met before this incident but share a special bond now.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/08/27/this-guy-is-trying-kidnap-me-9-year-old-shares-scary-encounter-while-leaving-school/ | 2022-08-27T22:38:13Z |
Published: Aug. 4, 2022 at 4:10 PM EDT|Updated: 1 hour ago
CAMBRIDGE, Mass., Aug. 4, 2022 /PRNewswire/ -- HubSpot, Inc. (NYSE: HUBS), the customer relationship management (CRM) platform for scaling companies, today announced financial results for the second quarter ended June 30, 2022.
Financial Highlights:
Revenue
Total revenue was $421.8 million, up 36% compared to Q2'21.
Operating Income (Loss)
GAAP operating margin was (12.4%), compared to (5.3%) in Q2'21.
Non-GAAP operating margin was 7%, compared to 9% in Q2'21.
GAAP operating loss was ($52.3) million, compared to ($16.6) million in Q2'21.
Non-GAAP operating income was $29.4 million, compared to $27.5 million in Q2'21.
Net Income (Loss)
GAAP net loss was ($56.4) million, or ($1.18) per basic and diluted share, compared to ($24.6) million, or ($0.53) per basic and diluted share in Q2'21.
Non-GAAP net income was $22.4 million, or $0.47 per basic and $0.44 per diluted share, compared to $21.6 million, or $0.46 per basic and $0.43 per diluted share in Q2'21.
Weighted average basic and diluted shares outstanding for GAAP net loss per share was 47.8 million, compared to 46.8 million basic and diluted shares in Q2'21.
Weighted average basic and diluted shares outstanding for non-GAAP net income per share was 47.8 million and 51.1 million respectively, compared to 46.8 million and 50.6 million, respectively in Q2'21.
Balance Sheet and Cash Flow
The company's cash, cash equivalents, and short-term and long-term investments balance was $1.4 billion as of June 30, 2022.
During the second quarter, the company generated $40.9 million of operating cash flow, compared to $41.4 million during Q2'21, which excluded the $3.2 million used for the repayment of our convertible notes.
During the second quarter, the company generated $22.4 million of free cash flow, compared to $25.6 million during Q2'21.
Additional Recent Business Highlights
Grew Customers to 150,865 at June 30, 2022, up 25% from June 30, 2021.
Average Subscription Revenue Per Customer was $11,198 during the second quarter of 2022, up 10% compared to the second quarter of 2021.
"Our solid results in the second quarter were driven by strong product innovation and a deep understanding of what our customers need to adapt to this macroeconomic climate," said Yamini Rangan, Chief Executive Officer at HubSpot. "Small and medium businesses are looking to consolidate their technology and boost efficiencies in today's environment and HubSpot's connected CRM platform can help them do both. In Q2, we continued to invest in the tools and functionality customers need to grow better. We enabled more customization of our platform and announced CMS Hub Free, and simple Automation in Marketing Hub Starter. In the second half of the year, we will focus on driving durable, profitable growth, with an eye toward focused execution, product innovation, and solving for our customers."
Business Outlook Based on information available as of August 4, 2022, HubSpot is issuing guidance for the third quarter of 2022 and full year 2022 as indicated below.
Third Quarter 2022:
Total revenue is expected to be in the range of $425 million to $426 million.
Unfavorable foreign exchange rates are expected to be an 8 point headwind to third quarter 2022 revenue growth.(1)
Non-GAAP operating income is expected to be in the range of $31 million to $32 million.
Non-GAAP net income per common share is expected to be in the range of $0.50 to $0.52. This assumes approximately 51.0 million weighted average diluted shares outstanding.
Full Year 2022:
Total revenue is expected to be in the range of $1.690 billion to $1.695 billion.
Unfavorable foreign exchange rates are now expected to be a 6 point headwind to full year 2022 revenue growth, up from prior quarter expectation of a 5 point headwind.(1)
Non-GAAP operating income is expected to be in the range of $143 million to $144 million.
Non-GAAP net income per common share is expected to be in the range of $2.28 to $2.30. This assumes approximately 51.1 million weighted average diluted shares outstanding.
Use of Non-GAAP Financial Measures
In our earnings press releases, conference calls, slide presentations, and webcasts, we may use or discuss non-GAAP financial measures, as defined by Regulation G. The GAAP financial measure most directly comparable to each non-GAAP financial measure used or discussed, and a reconciliation of the differences between each non-GAAP financial measure and the comparable GAAP financial measure, are included in this press release after the consolidated financial statements. Our earnings press releases containing such non-GAAP reconciliations can be found in the Investors section of our website ir.hubspot.com.
Conference Call Information
HubSpot will host a conference call on Thursday, August 4, 2022 at 4:30 p.m. Eastern Time (ET) to discuss the company's second quarter 2022 financial results and its business outlook. To register for this conference call, please use this dial in registration link or visit HubSpot's Investor Relations website at ir.hubspot.com. Participants who wish to register for the conference call webcast please use this link.
Following the conference call, a replay will be available at (866) 813-9403 (domestic) or +44 (204) 525-0658 (international). The replay passcode is 070988. An archived webcast of this conference call will also be available on HubSpot's Investor Relations website at ir.hubspot.com.
The company has used, and intends to continue to use, the investor relations portion of its website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD.
About HubSpot HubSpot is a leading CRM platform that provides software and support to help companies grow better. The platform includes marketing, sales, service, operations, and website management products that start free and scale to meet our customers' needs at any stage of growth. Today, over 150,000 customers across more than 120 countries use HubSpot's powerful and easy-to-use tools and integrations to attract, engage, and delight customers. Learn more at www.hubspot.com.
Cautionary Language Concerning Forward-Looking Statements This press release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding management's expectations of future financial and operational performance and operational expenditures, expected growth, and business outlook, including our financial guidance for the third fiscal quarter of and full year 2022; and statements regarding our positioning for future growth and market leadership; statements regarding expected market trends, future priorities and related investments, and opportunities. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" or words of similar meaning. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control including, without limitation, risks associated with our history of losses; our ability to retain existing customers and add new customers; the continued growth of the market for a CRM platform; our ability to differentiate our platform from competing products and technologies; our ability to manage our growth effectively to maintain our high level of service; our ability to maintain and expand relationships with our solutions partners; our ability to successfully recruit and retain highly-qualified personnel; the price volatility of our common stock; the impact of geo-political conflicts, inflation, macroeconomic instability, and the COVID-19 pandemic on our business, the broader economy, our workforce and operations, and our ability to forecast our future financial performance; and other risks set forth under the caption "Risk Factors" in our SEC filings. We assume no obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise.
HubSpot's estimates of stock-based compensation, amortization of acquired intangible assets, non-cash interest expense for amortization of debt issuance costs, gain or loss on strategic investment, and income tax effects of non-GAAP items assume, among other things, the occurrence of no additional acquisitions or dispositions, and no further revisions to stock-based compensation and related expenses.
Non-GAAP Financial Measures We report our financial results in accordance with accounting principles generally accepted in the United States of America, or GAAP. However, management believes that, in order to properly understand our short-term and long-term financial and operational trends, investors may wish to consider the impact of certain non-cash or non-recurring items when used as a supplement to financial performance measures in accordance with GAAP. These items result from facts and circumstances that vary in frequency and impact on continuing operations. In this release, HubSpot's non-GAAP operating income, operating margin, subscription margin, expense, expense as a percentage of revenue, net income, operating and free cash flow are not presented in accordance with GAAP and are not intended to be used in lieu of GAAP presentations of results of operations. Free cash flow is defined as cash and cash equivalents provided by or used in operating activities less purchases of property and equipment and capitalization of software development costs, plus repayments of convertible notes attributable to debt discount. We believe information regarding free cash flow provides useful information to investors in understanding and evaluating the strength of liquidity and available cash provides a comparable framework for assessing how our business performed when compared to prior periods which excluded repayments of our convertible notes attributable to debt discount from operating cash flow. With the adoption of Accounting Standards Update ("ASU") 2020-06 on January 1, 2022, there are no longer repayments of convertible notes attributable to debt discount.
Management believes that these non-GAAP financial measures provide additional means of evaluating period-over-period operating performance. Specifically, these non-GAAP financial measures provide management with additional means to understand and evaluate the operating results and trends in our ongoing business by eliminating certain non-cash expenses and other items that management believes might otherwise make comparisons of our ongoing business with prior periods more difficult, obscure trends in ongoing operations, or reduce management's ability to make useful forecasts. In addition, management understands that some investors and financial analysts find this information helpful in analyzing our financial and operational performance and comparing this performance to our peers and competitors. However, these non-GAAP financial measures have limitations as an analytical tool and are not intended to be an alternative to financial measures prepared in accordance with GAAP. In addition, it should be noted that these non-GAAP financial measures may be different from non-GAAP measures used by other companies. We intend to provide these non-GAAP financial measures as part of our future earnings discussions and, therefore, the inclusion of these non-GAAP financial measures will provide consistency in our financial reporting. Management may, however, utilize other measures to illustrate performance in the future. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures. A reconciliation of our non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included above in this press release.
These non-GAAP measures exclude stock-based compensation, amortization of acquired intangible assets, acquisition related expenses, non-cash interest expense for the amortization of debt issuance costs, loss on early extinguishment of 2022 Convertible Notes, gain or loss on strategic investments, gain or loss on equity method investment, and account for the income tax effects of the exclusion of these non-GAAP items. We believe investors may want to incorporate the effects of these items in order to compare our financial performance with that of other companies and between time periods:
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.mysuncoast.com/prnewswire/2022/08/04/hubspot-reports-q2-2022-results/ | 2022-08-04T21:11:12Z |
DeChambeau withdraws from PGA after testing repaired wrist
TULSA, Okla. (AP) — Bryson DeChambeau has withdrawn from the PGA Championship after practicing for two days at Southern Hills to test his surgically repaired left wrist. The former U.S. Open champion had practiced with wrap that extended several inches up his left forearm. He tweeted Tuesday it had “held up nicely” after his initial practice round. The 28-year-old had surgery to repair the hamate bone in his wrist on April 14. That was expected to sideline him for up to two months. DeChambeau removed his cast and bandages more than a week ago and teased an early return with practice videos posted online. | https://localnews8.com/sports/ap-national-sports/2022/05/18/dechambeau-withdraws-from-pga-after-testing-repaired-wrist/ | 2022-05-18T23:21:56Z |
Zoo helping boost endangered frog population with baby frog release: ‘Every tiny frog counts’
PORTLAND, Ore. (KPTV/Gray News) - Wildlife officials are helping an endangered frog species in the Pacific Northwest.
More than a hundred endangered northern leopard frogs have been released into the Columbia National Wildlife Refuge.
KPTV reports the froglets were hatched from eggs collected by the Washington Department of Fish and Wildfire at the Oregon Zoo. They spent six months in a secluded area within the zoo.
“We keep the eggs safe and healthy until they’re ready to hatch,” said Sara Morgan, who oversees the zoo’s frog-rearing efforts. “Froglets have a much better chance at surviving in the wild on their own than eggs or tadpoles.”
Zoo biologists said northern leopard frogs have been rapidly disappearing from their native ranges in the Pacific Northwest. The species has been listed as endangered since 1999 in Washington state, and only one known population remains.
“Every tiny frog counts,” Morgan said.
Biologists attribute the species’ decline to a combination of threats, including habitat loss, disease, pollution and climate change. The zoo and its conservation partners said they hope to replenish the region’s northern leopard frog population.
The recovery effort is a partnership with the Washington Department of Fish and Wildlife, U.S. Fish and Wildlife Service, Washington State University and the Northwest Trek Wildlife Park.
Copyright 2022 KPTV via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/08/24/zoo-helping-boost-endangered-frog-population-with-baby-frog-release-every-tiny-frog-counts/ | 2022-08-24T20:17:16Z |
-- ASC10 is an oral small molecule drug candidate, which is in-house discovered and developed, and Ascletis retains full global rights for its development and commercialization
--This IND filing of ASC10 in the U.S. will accelerate Ascletis' global multi-center clinical studies on ASC10 and better position its oral drug pipeline of COVID-19
HANGZHOU, China and SHAOXING, China, July 5, 2022 /PRNewswire/ -- Ascletis Pharma Inc. (HKEX: 1672, "Ascletis") today announces that the Investigational New Drug (IND) application of ASC10, an oral inhibitor drug candidate targeting RNA-dependent RNA polymerase (RdRp) for Coronavirus Disease 2019 (COVID-19), has been filed to the U.S. Food and Drug Administration (FDA) after the Pre-IND consultation.
Targeting RdRp of SARS-CoV-2 virus, ASC10 is an oral small molecule drug candidate for patients with COVID-19. ASC10 is an orally bioavailable, double prodrug of the antiviral nucleoside analog ASC10-A, which demonstrates potent inhibitory effect of RdRp of SARS-CoV-2 virus. ASC10-A demonstrated an excellent in vitro antiviral activity against multiple SARS-CoV-2 virus variants including Omicron in preclinical studies.
Ascletis is committed to developing and manufacturing safe, effective, affordable oral drugs for COVID-19 globally. As a leading biotech company in China, Ascletis has completed IND filing of ASC10, an oral RdRp inhibitor drug candidate for COVID-19 with the U.S. FDA. At the same time, the IND filing of ASC10 in China is proceeding on track.
About Ascletis
Ascletis is an innovative R&D driven biotech listed on the Hong Kong Stock Exchange (1672.HK), covering the entire value chain from discovery and development to manufacturing and commercialization. Led by a management team with deep expertise and a proven track record, Ascletis focuses on three therapeutic areas with unmet medical needs from a global perspective: viral diseases, non-alcoholic steatohepatitis (NASH) and oncology. Through excellent execution, Ascletis rapidly advances its drug pipeline with an aim of leading in global competition. To date, Ascletis has three marketed products, i.e. ritonavir tablets, GANOVO® and ASCLEVIR®, and 20 drug candidates in its R&D pipeline. The most advanced drug candidates include ASC22 (CHB functional cure), ASC10 and ASC11 (oral small molecules for COVID-19 treatment), ASC40 (recurrent glioblastoma), ASC42 (PBC, primary biliary cholangitis), and ASC40 (acne).
For more information, please visit www.ascletis.com.
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SOURCE Ascletis Pharma Inc. | https://www.wibw.com/prnewswire/2022/07/06/ascletis-announces-us-ind-filing-oral-rdrp-inhibitor-drug-candidate-asc10-covid-19/ | 2022-07-06T01:14:16Z |
DALLAS (AP) — With summer vacations winding down, airlines are counting on the return of more business travelers to keep their pandemic recovery going into the fall.
Air travel in the United States, bolstered by huge numbers of tourists, has nearly recovered to pre-pandemic levels — even topping 2019 numbers over the Labor Day weekend.
Inflation — and especially this year’s sharp rise in airfares — raises concern about how long vacationers can afford to keep flying at their current pace. Airlines say they see no signs of a slowdown in leisure travel.
Business travel, however, remains about 25% to 30% below 2019 levels, according to airlines and outfits that track sales.
And it is not clear when — or if — road warriors will return to their old travel habits.
“The whole challenge for the industry is around the return of the corporate traveler, and whether he is going to come back in enough volume and frequency that is going to help these airlines,” says John Grant, an analyst with travel-data provider OAG.
The Global Business Travel Association recently predicted that corporate travel won’t fully return until mid-2026, 18 months later than the trade group had previously forecast.
Business travelers generally pay higher fares, so their absence has an outsized impact on airline revenue and profit.
Business travel is slower to return because it is more complicated than somebody deciding they want to take a vacation after staying home during the first two years of the pandemic, says Chuck Thackston, who leads data research at the Airlines Reporting Corp., a ticket-settlement firm that operates as a middleman between airlines and travel agents.
“On the corporate side, it just takes a little more to restart that because there are so many moving parts,” Thackston said. “If you want to go visit clients in New York, it could be that nobody is in the office in New York. That is slowly building back.”
Conventions and other big meetings are another key driver of business travel, and also seem to be coming back, Thackston said.
Airline officials say that travel by small-business operators has recovered nearly fully, but that many corporate travelers have not returned to the road or skies. They say that during the pandemic, some companies imposed tougher restrictions for health and budget reasons — even requiring that high-level executives approve all travel.
The chief commercial officer of Southwest Airlines, Andrew Watterson, said that since business travel began picking up this spring, “it was skewed toward smaller businesses and government and education were traveling. Our largest corporates are the ones that are lagging, particularly banking, consulting and technology.”
Watterson said that among Southwest’s biggest corporate accounts, they all have employees traveling — but not as many of them, and not as often.
Southwest officials said Tuesday that the next two weeks will be critical to gauge demand for business travel.
The nature of business travel is changing as companies become accustomed to smaller travel budgets. Some trips are being replaced by video calls, perhaps permanently. Speculative sales trips could be especially easy for companies to cut.
Conventions now routinely offer a “hybrid” format with an option to stay behind and watch online — although that means missing the hallway conversations and other opportunities to network.
Standard & Poor’s said this week that many convention center operators are running summer and fall schedules similar to those in 2019, but a recession or new COVID-19 variant are still risks.
Vasu Raja, the chief commercial officer at American Airlines, said demand has dropped for one-day business trips in which someone leaves in the morning and flies home that evening.
“But interestingly, we’ve seen more demand for blended trips where somebody leaves on a Thursday from Dallas to go to New York, they don’t return on the Friday — they stay through the weekend and they come back on Sunday,” he said. Sometimes a spouse goes with them, he added.
Business travel is big business worldwide. The Global Business Travel Association estimates that it was worth more than $1.4 trillion in 2019, then plummeted by more than half each of the next two years. The trade group estimates that after being hindered by the omicron variant early this year, business travel will hit $933 billion in 2022 — still 35% below the pre-pandemic mark.
The widespread availability of vaccines and better treatment of COVID-19 — along with relaxation of mandatory quarantines and other travel restrictions — have boosted leisure and corporate travel. However, travel is now threatened by deteriorating economic conditions including surging inflation and labor shortages. New COVID-19 variants remain a concern among travel managers, particularly in Asia.
The cost of travel is expected to keep rising, putting pressure on corporate budgets. A recent report from travel-management company CWT predicted that fares paid by business travelers will rise nearly 50% this year and 8% next year, and hotel rates will rise 19% this year and 8% in 2023.
Most U.S. airlines reported profits for the April-through-June second quarter. For American and United, it was their first profitable quarter excluding government aid since the pandemic started, and they should be in the black for the third quarter, which ends with vacation-heavy July and August.
Business travel traditionally enjoys a peak in the spring and another in September and October. Airlines are about to find out whether that happens this year.
“There has been a lot of discussion about, yeah, business travel is coming back, and U.S. airline CEOs being quite bullish about it,” said Grant, the OAG analyst. “But the hard evidence now needs to come forward.” | https://cw33.com/business/ap-business/ap-airlines-count-on-business-travelers-to-keep-recovery-going/ | 2022-09-07T01:23:40Z |
BIRMINGHAM, Ala., July 22, 2022 /PRNewswire/ -- Dakota Lithium, a U.S. battery manufacturer founded in 2008, has signed a three-year partnership with B.A.S.S. as a premier sponsor of the Bassmaster Tournament Trail and the Official Lithium Battery of Bassmaster through 2025.
"Here at Dakota Lithium, we are proud to be partnering with Bassmaster as the first Official Lithium Battery. Dakota Lithium is the top battery choice of professional anglers. Partnering with the leading professional fishing tournament series just made sense. We are looking forward to joining the elite brands that are supporting the future of fishing," said Dakota Lithium CEO Andrew A. Jay.
Dakota Lithium already works with multiple current Bassmaster Elite Series pro anglers. Two-time Bassmaster Classic champion Hank Cherry, Greg DiPalma, Austin Felix, Marc Frazier, Brock Mosley, Chad Pipkens, Tyler Rivet, Matt Robertson and Kyle Welcher are all part of the Dakota Lithium pro staff.
"I was the first Bassmaster Elite angler to use Dakota Lithium batteries and have been on the team from the beginning," said Mosley, who has notched five Top 10 Elite finishes in the past two seasons. "It is truly amazing to see how far they have come and to see them sponsor the 2023 Bassmaster season."
Fellow Elite pro Matt Robertson echoed that enthusiasm for the partnership.
"When you combine the best lithium battery and the best fishing organization, you get Dakota Lithium and Bassmaster," said Robertson, who has claimed two Top 10s this season. "Like Bassmaster, Dakota Lithium is the highest quality, longest lasting battery on the market. Nothing makes more sense than Dakota Lithium becoming the first Official Lithium Battery of Bassmaster."
Dakota Lithium will be a premier sponsor for the Academy Sports + Outdoors Bassmaster Classic presented by Huk, Bassmaster Elite Series, St. Croix Bassmaster Opens Series presented by Mossy Oak Fishing, Strike King Bassmaster College Series presented by Bass Pro Shops, Abu Garcia Bassmaster High School Series presented by Academy Sports + Outdoors, Bass Pro Shops Bassmaster Team Championship and the grass-roots TNT Fireworks B.A.S.S. Nation regional and championship tournaments.
In addition to their tournament sponsorship, Dakota Lithium will be highlighted during Bassmaster LIVE, which is streamed on Bassmaster.com and broadcast Saturday and Sunday mornings on the FOX Sports platforms, and will enjoy exposure in Bassmaster and B.A.S.S. Times magazines and across various industry-leading social media platforms.
Lithium batteries have become an industry standard for competitive fishing, providing twice the usable power at half the weight of traditional batteries. In a quickly growing market, Dakota Lithium has become the brand of choice for professional athletes, primarily due to Dakota Lithium's performance, reliability, lifespan and best-in-class 11-year warranty.
"This new partnership with Bassmaster and Dakota Lithium shows how Dakota Lithium has become the go-to battery in the marine industry, and partnering with Bassmaster is the next step in continuing that dominance," said Craig Storms, Dakota Lithium national sales representative and pro staff manager.
"We are proud to welcome Dakota Lithium as a new premier partner and look forward to connecting them with anglers and Bassmaster fans," said B.A.S.S. CEO Chase Anderson. "Dakota Lithium already works alongside so many anglers at all levels, and we are excited to introduce their long-lasting batteries to our passionate fans over the next several years."
Founded in 2008 in Grand Forks, North Dakota, by two pilots and a chemical engineer, Dakota Lithium is the leading consumer lithium battery brand in the US and Canada. Built on a culture of relentless improvement and reliability, Dakota Lithium batteries have twice the power, half the weight, and 5X the lifespan of traditional batteries. Backed up by DL's best-in-class 11-year warranty.
Here at Dakota Lithium, we believe that quality makes the difference. And that quality is measured by lifespan – how long a battery lasts. That's why we focus on building batteries that last a long, long time. By harnessing a unique chemistry and our engineering know-how, Dakota Lithium lasts 5-10x longer than traditional batteries, providing lasting value for our customers and reducing e-waste and the impact on our planet.
B.A.S.S., which encompasses the Bassmaster tournament leagues, events and media platforms, is the worldwide authority on bass fishing and keeper of the culture of the sport, providing cutting edge content on bass fishing whenever, wherever and however bass fishing fans want to use it. Headquartered in Birmingham, Ala., the 515,000-member organization's fully integrated media platforms include the industry's leading magazines (Bassmaster and B.A.S.S. Times), website (Bassmaster.com), TV show, radio show, social media programs and events. For more than 50 years, B.A.S.S. has been dedicated to access, conservation and youth fishing.
The Bassmaster Tournament Trail includes the most prestigious events at each level of competition, including the Bassmaster Elite Series, St. Croix Bassmaster Opens Series presented by Mossy Oak Fishing, TNT Fireworks B.A.S.S. Nation Series, Strike King Bassmaster College Series presented by Bass Pro Shops, Abu Garcia Bassmaster High School Series presented by Academy Sports + Outdoors, Bass Pro Shops Bassmaster Team Championship, Yamaha Rightwaters Bassmaster Kayak Series powered by TourneyX, Yamaha Bassmaster Redfish Cup Championship presented by Skeeter and the ultimate celebration of competitive fishing, the Academy Sports + Outdoors Bassmaster Classic presented by Huk.
Media Contacts: Emily Harley, B.A.S.S. Communications Manager, 205-313-0945 (o), 205-253-1114 (c), eharley@bassmaster.com
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SOURCE B.A.S.S. | https://www.wibw.com/prnewswire/2022/07/21/dakota-lithium-selected-official-lithium-battery-bassmaster-inks-multiyear-deal-bassmaster-premier-sponsor/ | 2022-07-22T01:03:31Z |
HEALDSBURG, Calif., Aug. 24, 2022 /PRNewswire/ -- Exactly 50 years ago today, Dry Creek Vineyard founder and California wine pioneer David S. Stare received the necessary permits to build the first new winery in Dry Creek Valley, Sonoma County, following Prohibition. Founded in 1972, Dry Creek Vineyard paved the way for a renaissance of winemaking and viticulture in the Dry Creek Valley.
The history of this multigenerational family winery is full of notable firsts within the industry:
1972: First winery built in the Dry Creek Valley following Prohibition.
1972: First to plant Sauvignon Blanc in the Dry Creek Valley.
1972: First to label a wine as "Fumé Blanc" in Sonoma County.
1982: First to display a sailboat on a wine label, a bold and daring move beyond the popular chateau-style labels of the time.
1983: First to pioneer Dry Creek Valley's American Viticultural Area (AVA) status.
1985: First to label a wine as "Old Vine" Zinfandel, setting off an industry trend.
1987: First to label a wine as a "Meritage," illustrating the family's love of Bordeaux blending.
1997: First to release a "Heritage Clone" Zinfandel from pre-Prohibition vine cuttings.
2017: First to receive a U.S. patent for the design of printed sustainable sourcing information on a cork.
2022: First to release 50th consecutive vintage of Dry Chenin Blanc in the United States.
Stare's daughter, Kim Stare Wallace, is currently the President of Dry Creek Vineyard and continues to lead with a "no compromises" philosophy, producing appellation-focused, terroir-driven, varietal-defining wines.
"Competition is at an all-time high in our industry, so being true to our wines, our vineyards and the terroir of our region is more important than ever before," said Stare Wallace. "We remain committed to producing world-class wines from our estate vineyards and small, local family farms."
"Our family winery began in 1972, and we have been building on that legacy for five decades," continued Stare Wallace. "Through all the trials and triumphs, my father, my husband and I have worked together to meet each and every challenge head on. Our family legacy is 50 years in the making, and we are just getting started!"
Established in 1972 by David S. Stare, Dry Creek Vineyard is Dry Creek Valley's flagship winery located in the heart of Sonoma County, California. This premier, family-owned winery is celebrating 50 years of winemaking and is led by the second generation. Dave's daughter, Kim Stare Wallace, serves as President overseeing a successful family winemaking and grape growing business that includes 185 acres of sustainably farmed vineyards. Named a Top 100 Winery by Wine & Spirits Magazine and a Top 10 Tasting Room by USA TODAY, the winery is also 100% Certified Sustainable. Dry Creek Vineyard proudly produces delicious Dry Chenin Blanc, Sauvignon Blanc, Chardonnay, Zinfandel, Cabernet Sauvignon and Meritage blends as well as a portfolio of single vineyard selections. To learn more, visit www.drycreekvineyard.com. Connect with Dry Creek Vineyard on Facebook, Instagram and Twitter.
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SOURCE Dry Creek Vineyard | https://www.kxii.com/prnewswire/2022/08/24/dry-creek-vineyard-celebrates-family-legacy-50-years-making/ | 2022-08-24T11:01:05Z |
The online-exclusive cookie will power amazing adventures for Girl Scout entrepreneurs.
Ready, set, rally!
NEW YORK, Aug. 16, 2022 /PRNewswire/ --Today Girl Scouts of the USA (GSUSA) announced that the new Raspberry Rally™ cookie will join its nationwide lineup for the 2023 Girl Scout Cookie season. The thin, crispy cookie is a "sister" cookie to the beloved Thin Mints™, infused with raspberry flavor instead of mint and dipped in the same delicious chocolaty coating. Raspberry Rally gives devoted Girl Scout Cookie lovers yet another reason to be excited for the upcoming cookie season. This must-have new cookie will be the first in the Girl Scout Cookie lineup to be exclusively offered for online sale and direct shipment only, enhancing girls' e-commerce sales and entrepreneurial skills. Raspberry Rally will be available to consumers nationally during the 2023 Girl Scout Cookie season.
Cookie season is an exciting annual event for Girl Scouts across the nation. Proceeds raised from in-person and online cookie orders directly benefit local councils and troops. When Girl Scouts run their own cookie business, they are a part of the largest girl-led entrepreneurial program in the world. Girl Scouts learn leadership, problem-solving, and community building through the Girl Scout Cookie Program, resulting in an invaluable experience that cultivates an innovative, entrepreneurial spirit.
The Girl Scout Cookie Program encourages girls to be risk takers, to think outside of the box, and to be confident in their own abilities. Whether they're working toward earning their Cookie Goal Setter badge as a Daisy or their My Cookie Business Resume badge as an Ambassador, Girl Scouts are learning qualities crucial for all forms of leadership and life-skills. The program embraces the understanding of the world of business, money management, and entrepreneurship. Cookie Business badges range anywhere from goal setting to learning effective in-person and online sales pitches, using market research, creating business plans, and implementing digital marketing campaigns.
Girl Scout Cookie season is recognized nationally from January through April, but local timing varies; visit www.girlscoutcookies.org to sign up to be notified as soon as your local troop begins selling in your area. Find your adventure with Girl Scouts by joining the world's largest entrepreneurial organization or learn how to become a volunteer at www.girlscouts.org/join.
We Are Girl Scouts of the USA
Girl Scouts bring their dreams to life and work together to build a better world. Through programs from coast to coast, Girl Scouts of all backgrounds and abilities can be unapologetically themselves as they discover their strengths and rise to meet new challenges—whether they want to climb to the top of a tree or the top of their class, lace up their boots for a hike or advocate for climate justice, or make their first best friends. Backed by trusted adult volunteers, mentors, and millions of alums, Girl Scouts lead the way as they find their voices and make changes that affect the issues most important to them. To join us, volunteer, reconnect, or donate, visit girlscouts.org.
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SOURCE Girl Scouts of the USA | https://www.mysuncoast.com/prnewswire/2022/08/16/new-raspberry-rally-girl-scout-cookie-joins-nationwide-lineup-2023-season/ | 2022-08-16T15:07:35Z |
MCLEAN, Va., Aug. 17, 2022 /PRNewswire/ -- Steampunk Inc., a federal contractor specializing in information technology, announced today they have been featured for the second consecutive year on the Inc. 5000 list of fastest growing private companies in America. The list represents a unique look at the most successful companies within the American economy's most dynamic segment – its independent small business. This year's Inc. 5000 list had a median 3-year growth of 230% with $317.6 billion in total revenue.
"Making the Inc. 5000 list for a second consecutive year is a true testament of our employees, their capabilities, and the trust our clients have placed in Steampunk," said Matt Warren, Chief Executive Officer of Steampunk. "Through our human-centered delivery approach, we will continue to place our federal government clients in the center of everything we do."
Founded in 2019, Steampunk celebrated their 3-year anniversary as a company this last July. Ranked No.2632 on the 2022 list, Steampunk improved from their 2021 ranking of No.3090 with 217% growth over a 3-year period. Steampunk's information technology capabilities include Design and Strategy, Digital Platforms, Cybersecurity, Data Exploitation, and DevSecOps.
Media Contact: Melissa Woodling, Marketing Manager
melissa.woodling@steampunk.com | 703.328.5130
www.steampunk.com |
Complete results of the 2022 Inc. 5000, including company profiles and an interactive database, can be found at www.inc.com/inc5000.
Steampunk is a Change Agent in the Federal contracting industry, bringing new thinking to clients in the Homeland, Federal Civilian, Health and DoD sectors. Through our Human-Centered delivery methodology, we are fundamentally changing the expectations our Federal clients have for true shared accountability in solving their toughest mission challenges. As an employee-owned company, we focus on investing in our employees to enable them to do the greatest work of their careers – and rewarding them for outstanding contributions to our growth. If you want to learn more about our story, visit http://www.steampunk.com.
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. For more information, visit www.inc.com.
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SOURCE Steampunk | https://www.kxii.com/prnewswire/2022/08/17/steampunk-named-2022-inc-5000-fastest-growing-private-companies-list/ | 2022-08-17T16:04:12Z |
VANCOUVER, BC, Sept. 8, 2022 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce the publishing of its annual Sustainability Report for Fiscal 2022, detailing the Company's commitment and contributions to environmental, social, and governance ("ESG") factors, practices, and management, while delivering long-term value to shareholders.
"At Silvercorp, we believe that sustainability is one of our fundamental responsibilities," said Dr. Rui Feng, Chairman and CEO of Silvercorp. "Silvercorp's core objectives are to operate safely, sustainably, and responsibly with the environment and collaboratively with local communities. While our approach to sustainability will continue to evolve over time, our commitment to integrating ESG factors in our strategic planning, operations, and management remains the same."
Highlights of Silvercorp's 2022 Sustainability Report:
- ESG Management: Awarded ISO certifications in environmental management, occupational health and safety management, energy management, and quality management systems (the "ISO Certifications")
- Health and Safety: Achieved zero work-related fatalities; reduced LTIR for the third year in a row through continuous improvement of our internal safety management mechanisms
- Community Investment: Continued to give back to local communities by making significant donations to public welfare projects and helping to promote development in education, tourism, and public infrastructure
- Sustainability Commitment: Invested $2.1 million in environmental protection and carried out 1,118 hours of environmental protection training
- Our People: Progressed career development of our employees; invested $1.1 million to upgrade accommodation facilities, and strengthened protection of human rights
The ISO Certifications validate Silvercorp's operations and management achieving the requirements of the ISO series of international standards. They reflect Silvercorp's vision, mission and values: being a technologically-advanced and well-managed mining company, operating sustainably by prioritizing safety, the environment and the communities where it operates.
The Company's report has been prepared in accordance with the Core Accordance option of the GRI Standards of the Global Sustainability Standard Board (GSSB), the China Corporate Social Responsibility Reporting Guidelines 4.0 by the Chinese Academy of Social Sciences (CASS-CSR4.0), the SDG Compass by the United Nations Global Compact (UNGC), the Global Industry Standard on Tailings Management by the International Council on Mining and Metals (ICMM), and the Sustainability Accounting Standards Board (SASB) standard on Metals and Mining.
The full 2022 Sustainability Report is available for download at www.silvercorpmetals.com , along with the applicable ESG data tables and GRI indices at www.silvercorpmetals.com/sustainability/.
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorp.ca.
For further information
Silvercorp Metals Inc.
Lon Shaver
Vice President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorp.ca
Certain of the statements and information in this news release constitute "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 applicable Canadian provincial securities laws (collectively, "forward-looking statements"). Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company's material properties; the sufficiency of the Company's capital to finance the Company's operations; estimates of the Company's revenues and capital expenditures; estimated production from the Company's mines in the Ying Mining District and the GC Mine; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company's operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company's properties.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks relating to: global economic and social impact of COVID-19; fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licenses; title to properties; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company's existing operations; competition; operations and political conditions; regulatory environment in China and Canada; environmental risks; foreign exchange rate fluctuations; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management; internal control over financial reporting; and bringing actions and enforcing judgments under U.S. securities laws.
This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company's Annual Information Form under the heading "Risk Factors". 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 should not place undue reliance on forward-looking statements.
The Company's forward-looking statements are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
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SOURCE Silvercorp Metals Inc | https://www.kxii.com/prnewswire/2022/09/08/silvercorp-releases-fiscal-2022-sustainbility-report/ | 2022-09-08T12:16:14Z |
LAS VEGAS , June 17, 2022 /PRNewswire/ -- Realty ONE Group, a modern, purpose-driven lifestyle brand and ONE of the fastest growing franchisors in the world, has sold the franchise rights to a new owner in Portugal who's excited to bring the company's dynamic COOLTURE, branding, business coaching and unique business model to the southern European country.
New owner João Oliveira has worked in the Portuguese real estate market for more than 20 years and has 100 real estate professionals in his office.
"We're so pleased to have found a smart and successful partner in João who is just as passionate about opening doors for his professionals and customers as we are," said Kuba Jewgieniew, CEO and Founder of Realty ONE Group. "He's a family man who will bring our strong sense of family and love for each other to his office and community."
"We want to become better and do more for our customers, focusing on their interests and needs," said Oliveira, who has two children with his partner Raquel Silva. "Now is the time and Realty ONE Group is the brand."
This year, Realty ONE Group was ranked a Top 100 Recession-Proof franchise by Franchise Business Review and the company claimed the No.1 spot for real estate franchisors on Entrepreneur's highly competitive 2022 Franchise 500(R) List.
The UNBrokerage, as it's known in the industry, now has more than 18,000 real estate professionals in more than 400 offices in 49 states, Washington D.C. and Canada and will be opening in Ecuador, Costa Rica, Italy, Singapore and Spain, in addition to the U.S. territory of Puerto Rico.
Learn more at www.OwnAOne.com.
Founded in 2005, Realty ONE Group is an industry disruptor, radically changing the face of real estate franchising with its unique business model, fun coolture, technology infrastructure and superior support for its real estate professionals. The company has rapidly evolved to include more than 18,000 real estate professionals in over 400+ offices across 49 U.S. states, Washington D.C., Puerto Rico, Canada, Italy, Spain, Singapore and Costa Rica. Realty ONE Group ranks in the top one percent in the nation by REAL Trends, has been recognized by Entrepreneur Magazine as a Top 5 Real Estate Franchise and has been on Inc. 500's list of the Fastest-Growing Companies for seven consecutive years. Realty ONE Group is surging ahead, opening doors, not only for its clients but for real estate professionals and franchise owners. To learn more, visit www.RealtyONEGroup.com.
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SOURCE Realty ONE Group | https://www.kxii.com/prnewswire/2022/06/17/realty-one-group-open-portugal/ | 2022-06-17T15:27:48Z |
TRENTON, N.J., Aug. 18, 2022 /PRNewswire/ -- The New Jersey Propane Gas Association welcomes an overdue discussion of looming consumer costs anticipated from New Jersey's Energy Master Plan (EMP). Not surprisingly, the Brattle Group's study, accepted by the BPU August 17, relies on key assumptions and omissions to suggest, erroneously, that the EMP will cost consumers only a little bit more, compared to their current energy bills.
Yet, by their own admission, the Brattle study omits any discussion of capital costs for equipment conversions, building retrofits and other "up-front" costs. These costs are huge for all classes of customers but conveniently ignored in the Brattle study.
The report also assumes significant new savings from energy efficiency and conservation efforts, as if customers are wasting expensive energy today, and can afford even more up-front costs.
Then there's the assumption that natural gas price increases will gallop far more than electricity increases by 2030, partly because of state-mandated conversions away from fossil fuels. So the state will help to cause the gas rate increases that will allegedly justify electric conversions. Of course, there's no discussion of the ratepayer costs of wind or solar farms which don't exist yet, their transmission lines, substations and distribution systems, not to mention the continued reliance on nuclear plants whose state-approved subsidies will expire, and gas-fired peaking units.
Lower-income customers might be spared some impacts because more state subsidies might be available to cover the huge costs of conversion and operation of electric appliances.
But, not to worry, customers can still keep their gas-fired cooking and non-heating equipment.
And, the cost projections are based on customers served by South Jersey Gas and Atlantic City Electric, neither of which serves the majority of New Jersey homeowners, and neither of which has the highest rates in New Jersey. New Jersey's overall electric rates are already among the highest in the country, and the Master Plan will do nothing to ease the burden.
And finally, the report suggests that the state will save $1.7 billion due to lower greenhouse gas emissions, and, in the same section, notes this estimate was never actually calculated for the study.
New Jerseyans have been waiting since the Energy Master Plan's 2019 update to learn what it will actually cost. With this latest study, we're no closer to finding out, and it's unlikely to be only a little bit more.
NJPGA is the statewide trade association representing propane distribution and service companies who serve more than 120,000 residential, commercial and industrial customers who rely on propane for their energy needs including space heating, water heating, cooking, recreational uses, manufacturing processes and transportation.
Contact:
Princeton Strategic Communications
609-516-6764
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SOURCE NJ Propane Gas Association | https://www.mysuncoast.com/prnewswire/2022/08/18/nj-propane-gas-association-highlights-omissions-assumptions-emp-cost-report-calls-full-disclosure-all-cost-factors-including-capital-operating-subsidies/ | 2022-08-18T18:42:08Z |
MIDDLETOWN, Ohio, June 14, 2022 /PRNewswire/ -- Elite Education Group International Limited (NASDAQ: EEIQ), (the "Company" or "Elite Education Group International"), a provider of comprehensive education solutions for domestic and international students interested in college and university programs in the US, Canada and the UK, today announced its unaudited first half financial results for the six months ended March 31, 2022 and an operational update.
"We are pleased to report a 32% revenue increase for the first half of fiscal 2022 compared to the first half of 2021 due to a higher number of in-person attendance at the English Language Program at the regional campuses of Miami University as restrictions associated with the global Covid-19 pandemic eased somewhat compared to the year-ago period. Due to our ability to operate efficiently and keep costs down, the more normalized learning environment resulted in a 50% increase in gross profit as compared to the first half of 2021. While our operating performance was strong, non-operating expenses resulted in a net loss for the period," commented Jianbo Zhang, Chairman and Chief Executive Officer.
CEO Jianbo Zhang continued, "We completed two acquisitions during the first half of fiscal 2022 and recently entered into several collaborations as we continue to execute our mission to establish Elite Education Group International as a truly international service provider of higher learning. Our career training and English proficiency offer a cost-effective, practical education for our students, and combined with our pathway programs, enable advanced degrees and expanded career options."
"We plan upon implementing our international strategy by acquiring select colleges in different regions of the world, developing cross-border educational partnerships, creating international academic programming and diversifying our student base. We believe that an enriched international academic experience will help our students reach their full potential and better prepare them for fulfilling careers," CEO Jianbo Zhang concluded.
First Half 2022 Financial Results Ended March 31, 2022
Revenues were $4.1 million for the first half of fiscal 2022 compared to $3.1 million for the same period of 2022, representing an increase of $1.0 million, or 32.3%. The increase was due to a rise in student registration at the regional campuses of Miami University ("the MU Regional Campuses") in the Fall 2021 and Spring 2022 semesters as compared to the Fall 2020 and Spring 2021 semesters due to a lessened impact of the global Covid-19 pandemic.
Gross profit was $2.7 million for the first half of fiscal 2022 compared to $1.8 million for the same period of 2021, representing an increase of $0.9 million, or 50.0%. The increase was primarily due to the increase in revenue and the moderate 3.7% increase in cost of services in the first half of 2022 attributable to operational efficiencies as compared to the same period of 2021. Our gross margin increased to 65.9% for the first half ended March 31, 2022 from 58.1% for the same period of 2021 as more students were able to physically attend the English Language Program at the MU Regional Campuses as Covid-19 travel restrictions eased.
Operating Expenses were $6.0 million for the first half of fiscal 2022 compared to $2.2 million for the same period of 2021, representing an increase of $3.8 million, or 172.7%. The increase was due to $5.3 million in general and administrative expenses which included costs attributable to $2.6 million of share-based compensation granted to employees and management, with the remaining amount attributable to the Company's international business expansion and the consolidation of its newly acquired businesses for the first half of 2022.
Operating loss was $3.3 million for the first half of fiscal 2022 compared to an operating loss of $0.4 million for the same period of 2021 which was due to general and administrative expenses that offset higher revenue and gross margin for the six-months ended March 31, 2022.
Other income was $0.8 million for the first half of fiscal 2022 compared to nil for the same period of 2021, attributable to the sale of residential properties adjacent to the MU Regional Campuses at a sales price of approximately 150% of its initial purchase price.
Income tax expense was $0.01 million for the first half of fiscal 2022 compared to income tax recovery of $0.06 million for the same period of 2021. The increase was due to taxable income for first half of 2022 which was slightly higher than the same period of 2021.
Net loss was $2.5 million for the first half of fiscal 2022 compared to a net loss of $0.3 million for the same period of 2021, which was due to factors discussed above.
Net Loss Per Basic and Diluted Share for the first half of fiscal 2022 was $0.23 compared to a net loss of $0.04 per basic and diluted share for the same period of 2021. The average number of shares used in the computation of basic and diluted earnings per share for the first half of 2022 was 10,835,956 shares compared to 7,946,678 shares for basic and diluted earnings per share in the prior year period.
Financial Condition
As of March 31, 2022, the Company had $12.9 million in cash and cash equivalents, a decrease of $3.6 million or 21.8% as compared to $16.5 million as of September 30, 2021. As of March 31, 2022, working capital was $9.3 million (current assets minus current liabilities) and the current ratio (current assets divided by current liabilities) was 2.5, as compared to working capital of $11.0 million and a current ratio of 2.3 as of September 30, 2021. Stockholders' equity as of March 31, 2022 was $16.3 million, an increase of $1.4 million or 9.4% as compared to $14.9 million as of September 30, 2021.
Liquidity and Capital Resources
Net cash used in operating activities for the six months ended March 31, 2022 was $3.2 million as compared to $2.9 million for the six months ended March 31, 2021. This increase was primarily due to the changes in net income and other working capital balances; the changes in these balances are included in the changes in assets and liabilities presented in the consolidated statement of cash flows.
Net cash provided by investing activities was $0.2 million and net cash used in investing activities was $0.1 million for the six months ended March 31, 2022 and 2021, respectively. The net cash provided by investing activities for the six months ended March 31, 2022 was attributable to proceeds from the sale of property and equipment of $1.9 million and $0.2 million from the collection of a note receivable, which was offset by a payment of $1.9 million used for business acquisition and a payment of $0.3 million due to related party balances.
Net cash used in financing activities was $0.3 million for the six months ended March 31, 2022 as compared to net cash provided by financing activities of $4.9 million for the six months ended March 31, 2021. For the six months ended March 31, 2022, we used $2.0 million in cash for business acquisitions and $0.2 million was advanced to related parties, and for the six months ended March 31, 2021 we generated cash inflow of $4.9 million from the issuance of 893,718 common shares as a result of the completion of our initial public offering.
Business Outlook and Operational Update
In March 2020, The World Health Organization declared the Covid-19 outbreak to be a global pandemic. The pandemic resulted in and continues to cause travel restrictions, related public health orders and economic uncertainties that affect the normal operations of many businesses, including our higher education company.
For the six months ended March 31, 2022, our indicators of recruitment and enrollment for the English Language Program at the MU Regional Campuses improved as compared to those for the year-ago period as the impact from the Covid-19 pandemic lessened.
- As of March 31, 2022, 142 students who had been admitted to the English Language Program at the MU Regional Campuses in the Fall 2021 and Spring 2022 terms, as compared to 121 students for the previous academic year. This represents a 17.4% increase in the number of the students enrolled in the program. In addition, 52 students were present for in-person classes at the MU Regional Campuses in the Fall 2021 term, and an additional 40 students were present beginning in January 2022 for the Spring 2022 term. It is beneficial for the Company to have its students on-campus due to the receipt of residential fees and other fees. The remainder of the students who had been admitted to the English Language Program at the MU Regional Campuses as of March 31, 2022 were taking online classes.
We have made significant steps to execute on our strategic plan to become an international service provider of higher learning by acquiring colleges around the globe and by developing cross-border educational collaborations.
- In January 2022, we acquired 80% of the equity of EduGlobal College, located in Vancouver, Canada. EduGlobal College provides English language programs for international students to help them to achieve baccalaureate and graduate programs at Canadian universities. EduGlobal College recently launched its pioneering pathway program with Algoma University, located in Sault Ste. Marie, Ontario, Canada, that establishes a seamless pathway for our students to earn transferable university credits and complete their baccalaureate degrees and graduate certificates at Algoma University's Brampton and Sault Ste. Marie campuses.
- In November 2021, we closed on the acquisition of 70% of Ameri-Can Education Group Corp. which has the right to the underlying equity of Davis College, a two-year career-training college located in Toledo, Ohio. Davis College offers career-training educational courses in business management, data science, nursing, electrical engineering, and other areas that most often lead to careers that are in high demand. To internationalize its academic programming and foster a global experience for its students, Davis College recently announced partnerships for a variety of bilateral academic activities with Holy Cross of Davao College of the Philippines, Anhui Business College located in Wuhu, Anhui Province, China, and Chongqing Technology and Business Institute, located in Chongqing, China.
As with other colleges and universities, we have adapted to the challenges that the Covid-19 pandemic has had on higher education. While we believe that in-person instruction and a campus learning and social experience is best for our students, we believe that the new hybrid system of remote and in-person learning adopted by many colleges and universities will continue to evolve. We believe that our current operations provide a diversified income stream that balances both our owned and operated colleges and our extensive recruiting activities. We also believe that our serving a niche market that meaningfully connects to students who may not ordinarily pursue higher education but that enables them to reach their aspirational goals is a positive and effective business model, and that we will be successful in providing solid returns to all of our constituents.
About Elite Education Group International Limited
Elite Education Group International Limited ("Elite Education" or the "Company"), through its subsidiaries Quest Holding International LLC and Highrim Holding International Limited, provides comprehensive education solutions for domestic and international students interested in university and college degree programs in the US, Canada and the UK. The Company recently acquired 80% of the equity of EduGlobal College, based in British Columbia, Canada, which focuses on English proficiency educational programming for students pursuing academic degrees. The Company also recently acquired the right to a controlling equity ownership position in Davis College, a career training college located in Toledo, Ohio. In addition, the Company has a recruiting relationship with the regional campuses of Miami University of Ohio ("the MU Regional Campuses"), where it maintains residential facilities, a full-service cafeteria, recreational facilities, shuttle buses and an office for the regional campuses that provides study abroad and post-study services for its students; these facilities are not owned, maintained, operated or are a part of Miami University. The Company also acts as a recruiting agent for the University of the West of Scotland (through The Education Group (London) Ltd) and Coventry University, both of which are located in the United Kingdom. For more information, please visit www.eei-global.net.
Safe Harbor Statement
Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this press release include, without limitation, the Company's ability to implement its international strategy as described. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target" and other similar words and expressions of the future.
All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our most recent Form 20-F and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.
Contacts:
Elite Education Group International Limited
+1 513-649-8350
ir@eei-global.net
Investor Relations:
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com
FINANCIAL TABLES FOLLOW
Source: Elite Education Group International Limited
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SOURCE Elite Education Group International Limited | https://www.kxii.com/prnewswire/2022/06/14/elite-education-group-international-ltd-announces-first-half-fiscal-year-2022-financial-results-operational-update/ | 2022-06-14T21:58:56Z |
Buttigieg launches $1 billion pilot to build racial equity in roads
WASHINGTON (AP) — Transportation Secretary Pete Buttigieg on Thursday launched a $1 billion first-of-its-kind pilot program aimed at helping reconnect cities and neighborhoods racially segregated or divided by road projects, pledging wide-ranging help to dozens of communities despite the program’s limited dollars.
Under the Reconnecting Communities program, cities and states can now apply for the federal aid over five years to rectify harm caused by roadways that were built primarily through lower-income, Black communities after the 1950s creation of the interstate highway system.
New projects could include rapid bus transit lines to link disadvantaged neighborhoods to jobs; caps built on top of highways featuring green spaces, bike lanes and pedestrian walkways to allow for safe crossings over the roadways; repurposing former rail lines; and partial removal of highways.
Still, the grants, being made available under President Joe Biden’s bipartisan infrastructure law, are considerably less than the $20 billion the Democratic president originally envisioned. Advocacy groups say the money isn’t nearly enough to have a major impact on capital construction for more than 50 citizen-led efforts nationwide aimed at dismantling or redesigning highways — from Portland, Oregon, to New Orleans; St. Paul, Minnesota; Houston; Tampa, Florida; and Syracuse, New York. Meanwhile, some Republicans, including possible 2024 presidential contender Florida Gov. Ron DeSantis, have derided the effort as the “woke-ification” of federal policy, suggesting political crosswinds ahead in an election season.
“Transportation can connect us to jobs, services and loved ones, but we’ve also seen countless cases around the country where a piece of infrastructure cuts off a neighborhood or a community because of how it was built,” said Buttigieg, who was announcing the pilot program later Thursday in Birmingham, Alabama. He described Reconnecting Communities as a broad department “principle” — not just a program — to address the issue with many efforts underway.
“This is a forward-looking vision,” Buttigieg said. “Our focus isn’t about assigning blame. It isn’t about getting caught up in guilt. It’s about fixing a problem. It’s about mending what has been broken, especially when the damage was done with taxpayer dollars.”
The Transportation Department has aimed to help communities that feel racially harmed by highway expansions, with the Federal Highway Administration last year taking a rare step to pause a proposed $9 billion widening project in Houston, partly over civil rights concerns. That move likely spurred action in other places such as Austin, Texas, where environmental and racial justice groups recently filed a lawsuit to force the Texas transportation agency to better lay out the impacts of a proposed highway expansion there.
Buttigieg drew fire from some Republicans earlier this year when he said the federal government had an obligation to address the harms of racist design in highways. “There’s trees they’re putting in, they’re saying that highways are racially discriminatory. I don’t know how a road can be that,” DeSantis said in February, dismissing it as “woke.”
Under the program, $195 million in competitive grants is to be awarded this year, of which $50 million will be devoted for communities to conduct planning studies.
The department will also launch a “Thriving Communities” initiative to provide technical support for potential projects that serve disadvantaged communities alongside the Housing and Urban Development Department.
The Transportation Department has previously estimated it could help as many as 20 U.S. communities under the new program to remove portions of interstates and redesign streets by tapping into other transportation funds. According to the department, communities that win the Reconnecting Communities grants but still need additional funds will be prioritized in their applications for other pots of federal transportation money. Dozens more communities could derive benefit from the planning grants.
“Prior to 2021, the idea that we would deal with highway infrastructure that has divided communities was very much a fringe idea,” said Ben Crowther, coordinator for the Boston-based Freeway Fighters Network, which is supported by the Congress for the New Urbanism. “The Biden administration has really transformed that into mainstream thinking. We are thinking now this is something that is possible — that you can remove a highway and instead build safe streets that are walkable, add housing and address other community needs besides travel time.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/06/30/buttigieg-launches-1-billion-pilot-build-racial-equity-roads/ | 2022-06-30T10:57:22Z |
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