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AutoLenders donates $10,000 to April 2022 Wish Heroes campaign benefiting Make-A-Wish®
PHILADELPHIA , May 13, 2022 /PRNewswire/ -- Today, AutoLenders—a Philadelphia Inquirer 2022 Philadelphia Top Workplace and New Jersey's #1 pre-owned car dealership for more than 10 years—announced its partnership with Make-A-Wish® Philadelphia, Delaware & Susquehanna Valley. The special honor comes following AutoLenders' $10,000 donation to support a child's wish in observance of April's Distracted Drivers Month—which highlights how active community support plays a role in the safety of the youth.
In recognition of the sponsorship, AutoLenders hosted Make-A-Wish® Philadelphia, Delaware & Susquehanna Valley's President and Chief Executive Officer, Jennifer Davis, for a touching commemoration at its newest showroom in Exton, PA on Thursday, May 12. The event was complete with opening remarks from Brad Wimmer, President of AutoLenders; a donation presentation to Make-A-Wish®; a short speech from Davis; and an exclusive meet and greet with Wimmer, Davis and other AutoLenders leaders who attended the ceremony.
"Since our inception in 1979, community, stewardship, philanthropy and transparency have guided AutoLenders' success," said Wimmer. "As our brand has evolved, so has our commitment to making our neighbors feel safe—as both drivers behind the wheel and members of our communities. We are honored to work alongside Make-A-Wish®, an organization that embodies this mission and champions what it means to create strength, hope and transformation in communities nationwide."
Independent and family-owned for more than 40 years, AutoLenders is constantly seeking ways to support the communities and families across its East Coast footprint, which includes Pennsylvania, New Jersey and Florida. The first-of-its-kind partnership for the automotive industry leader marks just one of the ways AutoLenders continues to showcase its dedication to being an active and involved member of its communities.
"The Make-A-Wish® wish journey provides children with more than a momentary gift. It provides them with hope," said Davis. "Wish Heroes help make future wishes possible, which is why we are thrilled to have AutoLenders' support. AutoLenders' generous donation helps ensure that local wishes are granted to the over 400 children waiting."
Make-A-Wish® defines Wishes Heroes as those committed to raising $1,000 or more during the campaign. With a campaign goal of $175,000, the Make-A-Wish® Philadelphia, Delaware & Susquehanna Valley campaign went on to raise nearly $200,000. AutoLenders was recognized as one of the generous Wish Heroes sponsors.
For more information about AutoLenders and its latest ventures, visit www.autolenders.com or learn more on the AutoLenders YouTube channel.
About AutoLenders
AutoLenders, headquartered in Voorhees, New Jersey, was founded in 1989 and operates a family of companies which provide auto leasing services and retailing for used and off-lease vehicles. Auto Lenders has been New Jersey's #1 pre-owned car dealership for over a decade, focusing primarily on the remarketing of one-owner, low-mileage off-lease vehicles. The company's 8 showrooms in New Jersey (6) and Pennsylvania (2) operate in conjunction with a 65,000 square foot operations center located on 25 acres of property in Winslow, New Jersey. For more information about AutoLenders, visit autolenders.com.
About Make-A-Wish
Make-A-Wish creates life-changing wishes for children with critical illnesses. We seek to bring every eligible child's wish to life because a wish is an integral part of a child's treatment journey. Research shows children who have wishes granted can build the physical and emotional strength they need to fight their illness. Headquartered in Phoenix, Arizona, Make-A-Wish is the world's leading children's wish-granting organization, serving children in every community in the United States and in more than 50 countries worldwide. Together, generous donors, supporters, staff and more than 24,000 volunteers across the U.S., grant more than 25 wishes every day. Since 1986, Make-A-Wish® Philadelphia, Delaware & Susquehanna Valley has fulfilled over 7,500 transformational wishes for local children with critical illnesses. For more information about Make-A-Wish Philadelphia, Delaware & Susquehanna Valley, visit wish.org/philadesv
Contact:
Meghan Solomon
Tierney Agency
Meghan.solomon@tierneyagency.com
267-907-4266
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SOURCE AutoLenders | https://www.mysuncoast.com/prnewswire/2022/05/13/autolenders-supports-wish-heroes-campaign-with-10000-donation-local-make-a-wish/ | 2022-05-13T14:15:09Z |
Cogent Communications Reports Second Quarter 2022 Results and Increases its Regular Quarterly Dividend on its Common Stock by $0.025
Published: Aug. 4, 2022 at 4:01 PM EDT|Updated: 1 hour ago
Financial and Business Highlights
Cogent approved an increase of $0.025 per share to its regular quarterly dividend for a total of $0.905 per share for Q3 2022 as compared to $0.880 per share for Q2 2022 – Cogent's fortieth consecutive quarterly dividend increase.
Service revenue decreased from Q1 2022 to Q2 2022 by 0.5% and increased from Q2 2021 to Q2 2022 by 0.4%.
EBITDA margin increased by 110 basis points from Q1 2022 to 39.4% for Q2 2022 and increased by 70 basis points from Q2 2021 to Q2 2022.
EBITDA increased by 2.3% from Q1 2022 to $58.5 million for Q2 2022 and increased by 2.2% from Q2 2021 to Q2 2022.
In June 2022 Cogent extinguished its 2024 €350.0 million Euro Notes at a Euro to USD rate of $1.06 (originally issued at a Euro to USD rate of $1.13) with the proceeds from the issuance of its $450.0 million 2027 Notes
Sales rep productivity – units per full time equivalent sales rep per month - increased from 4.7 for Q1 2022 to 4.9 for Q2 2022.
WASHINGTON, Aug. 4, 2022 /PRNewswire/ -- Cogent Communications Holdings, Inc. (NASDAQ: CCOI) ("Cogent") today announced service revenue of $148.5 million for the three months ended June 30, 2022, a decrease of 0.5% from the three months ended March 31, 2022 and an increase of 0.4% from the three months ended June 30, 2021. Foreign exchange rates negatively impacted service revenue growth from the three months ended March 31, 2022 to the three months ended June 30, 2022 by $1.4 million and negatively impacted service revenue growth from the three months ended June 30, 2021 to the three months ended June 30, 2022 by $3.4 million. On a constant currency basis, service revenue increased by 0.4% from the three months ended March 31, 2022 to the three months ended June 30, 2022 and increased by 2.7% from the three months ended June 30, 2021 to the three months ended June 30, 2022. The impact of excise taxes, including Universal Service Fund fees, recorded on a gross basis and included in service revenue and cost of network operations expense, negatively impacted service revenue growth from the three months ended March 31, 2022 to the three months ended June 30, 2022 by $0.4 million and negatively impacted service revenue growth from the three months ended June 30, 2021 to the three months ended June 30, 2022 by $1.4 million. On a constant currency basis, and adjusting for the impact of changes in excise tax revenue, service revenue increased by 0.6% from the three months ended March 31, 2022 to the three months ended June 30, 2022 and increased by 3.6% from the three months ended June 30, 2021 to the three months ended June 30, 2022.
On-net service is provided to customers located in buildings that are physically connected to Cogent's network by Cogent facilities. On-net revenue was $112.0 million for the three months ended June 30, 2022, a decrease of 0.6% from the three months ended March 31, 2022 and an increase of 0.8% from the three months ended June 30, 2021.
Off-net customers are located in buildings directly connected to Cogent's network using other carriers' facilities and services to provide the last mile portion of the link from the customers' premises to Cogent's network. Off-net revenue was $36.3 million for the three months ended June 30, 2022; a decrease of 0.3% from the three months ended March 31, 2022 and a decrease of 1.1% from the three months ended June 30, 2021.
Non-core services are legacy services, which Cogent acquired and continues to support but does not actively sell.
GAAP gross profit is defined as total service revenue less network operations expense, depreciation and amortization and equity-based compensation included in network operations expense. GAAP gross margin is defined as GAAP gross profit divided by total service revenue. GAAP gross profit decreased by 1.1% from the three months ended June 30, 2021 to $68.9 million for the three months ended June 30, 2022 and decreased by 0.3% from the three months ended March 31, 2022. GAAP gross margin was 46.4% for the three months ended June 30, 2022, 47.1% for the three months ended June 30, 2021 and 46.3% for the three months ended March 31, 2022.
Non-GAAP gross profit represents service revenue less network operations expense, excluding equity-based compensation and amounts shown separately (depreciation and amortization expense). Non-GAAP gross margin is defined as Non-GAAP gross profit divided by total service revenue. Non-GAAP gross profit increased by 0.3% from the three months ended June 30, 2021 to $92.1 million for the three months ended June 30, 2022 and increased by 0.2% from the three months ended March 31, 2022. Non-GAAP gross margin was 62.0% for the three months ended June 30, 2022, 62.1% for the three months ended June 30, 2021 and 61.6% for the three months ended March 31, 2022.
Excise taxes, including Universal Service Fund fees, recorded on a gross basis and included in service revenue and cost of network operations expense were $3.4 million for the three months ended June 30, 2022, $4.8 million for the three months ended June 30, 2021 and $3.7 million for the three months ended March 31, 2022.
Net cash provided by operating activities decreased by 13.4% from the three months ended June 30, 2021 to $34.4 million for the three months ended June 30, 2022 and decreased by 30.4% from the three months ended March 31, 2022.
Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 2.2% from the three months ended June 30, 2021 to $58.5 million for the three months ended June 30, 2022 and increased by 2.3% from the three months ended March 31, 2022. EBITDA margin was 39.4% for the three months ended June 30, 2022, 38.7% for the three months ended June 30, 2021 and 38.3% for the three months ended March 31, 2022.
Basic net and diluted income (loss) per share was $0.24 for the three months ended June 30, 2022, $(0.05) for the three months ended June 30, 2021 and $0.02 for the three months ended March 31, 2022.
Foreign exchange gains (losses) on Cogent's 2024 Senior Euro Unsecured Notes were $23.5 million for the three months ended June 30, 2022, $(5.3) million for the three months ended June 30, 2021 and $8.0 million for the three months ended March 31, 2022.
Total customer connections increased by 4.3% from June 30, 2021 to 95,777 as of June 30, 2022 and increased by 0.9% from March 31, 2022. On-net customer connections increased by 4.0% from June 30, 2021 to 82,277 as of June 30, 2022 and increased by 0.8% from March 31, 2022. Off-net customer connections increased by 6.2% from June 30, 2021 to 13,160 as of June 30, 2022 and increased by 1.8% from March 31, 2022.
The number of on-net buildings increased by 120 from June 30, 2021 to 3,095 as of June 30, 2022 and increased by 30 from March 31, 2022.
Quarterly Dividend Increase Approved On August 4, 2022, Cogent's Board approved a regular quarterly dividend of $0.905 per share payable on August 31, 2022 to shareholders of record on August 18, 2022. This third quarter 2022 regular dividend represents an increase of $0.025 per share, or 2.8%, from the second quarter 2022 regular dividend of $0.880 per share and an annual increase of 12.4% from the third quarter 2021 dividend of $0.805 per share.
The payment of any future dividends and any other returns of capital will be at the discretion of the Board and may be reduced, eliminated or increased and will be dependent upon Cogent's financial position, results of operations, available cash, cash flow, capital requirements, limitations under Cogent's debt indentures and other factors deemed relevant by the Board.
Impact of COVID-19 Cogent continues to be impacted by the COVID-19 pandemic and the accompanying responses by governments around the world. The recent spread of variants of COVID-19 has introduced new uncertainty.
The ongoing impact of the COVID-19 pandemic, including the spread of variant strains, and related government restrictions on Cogent's business is unknown as a significant amount of uncertainty and volatility remains. Cogent does not know the ultimate scope and duration of the pandemic, the availability, efficacy and uptake of vaccines and therapeutic treatments, government actions that have been taken, or may be taken in the future in response to the pandemic and global economic conditions during and after the pandemic. Cogent has experienced a slight slowdown in the availability and delivery of networking equipment but Cogent believes it can adequately manage the operation, maintenance, upgrading and growth of its network. A worsening or prolonged slowdown may impact our ability to expand and augment our network. Most Cogent employees worldwide returned to its offices on a full-time basis in the first quarter of 2022. Cogent is implementing measures to protect its workforce, but it can provide no assurance that these measures will be sufficient. Cogent's decisions to require its employees to return to its offices on a full-time basis and to implement a COVID-19 vaccine mandate, where legally permitted, may impede its ability to retain existing employees or attract new employees. Moreover, Cogent's results of operations may be adversely affected in the future as the pandemic and the related government restrictions continue or are reintroduced. Cogent may also experience slowdowns in new customer orders, find it difficult to collect from customers who are experiencing financial distress, undergo an increase in customer churn, encounter difficulties accessing the buildings and locations where Cogent installs new services and serves existing customers, or have difficulties procuring, shipping or installing necessary equipment on its network. Cogent may find that the impact of the pandemic on its vendors and their respective workforces may slow the delivery of services from these vendors to Cogent. Cogent may also find that its largest customer base, which is served primarily in its multi-tenant office buildings, may be adversely affected by falling demand for commercial office space in central business districts as companies located in these buildings elect not to return to their office space either on a temporary or even permanent basis or slow the pace of opening new offices. In addition, Cogent's corporate customer base may reduce their overall number of locations due to adverse economic conditions or new working configurations which may adversely affect Cogent's number of corporate connections and service revenues. As a result, the global economic impact of the COVID-19 pandemic may have prolonged effects that impact Cogent's business well into the future. These and other risks are described in more detail in Cogent's Annual Report on Form 10-K for the year ended December 31, 2021 and in its Quarterly Report on Form 10-Q for the quarters ended March 31, 2022 and June 30, 2022.
Conference Call and Website Information Cogent will host a conference call with financial analysts at 4:30 p.m. (ET) on August 4, 2022 to discuss Cogent's operating results for the second quarter of 2022 and to discuss Cogent's expectations for full year 2022. Investors and other interested parties may access a live audio webcast of the earnings call in the "Events" section of Cogent's website at www.cogentco.com/events. A replay of the webcast, together with the press release, will be available on the website following the earnings call. A downloadable file of Cogent's "Summary of Financial and Operational Results" and a transcript of its conference call will also be available on Cogent's website following the conference call.
About Cogent Communications Cogent Communications (NASDAQ: CCOI) is a multinational, Tier 1 facilities-based ISP. Cogent specializes in providing businesses with high-speed Internet access, Ethernet transport, and colocation services. Cogent's facilities-based, all-optical IP network backbone provides services in 217 markets globally.
Cogent Communications is headquartered at 2450 N Street, NW, Washington, D.C. 20037. For more information, visit www.cogentco.com. Cogent Communications can be reached in the United States at (202) 295-4200 or via email at info@cogentco.com.
Schedules of Non-GAAP Measures EBITDA, EBITDA, as adjusted, EBITDA margin and EBITDA, as adjusted, margin
EBITDA represents net cash flows provided by operating activities plus changes in operating assets and liabilities, cash interest expense and cash income tax expense. Management believes the most directly comparable measure to EBITDA calculated in accordance with generally accepted accounting principles in the United States, or GAAP, is net cash provided by operating activities. The Company also believes that EBITDA is a measure frequently used by securities analysts, investors, and other interested parties in their evaluation of issuers. EBITDA, as adjusted, represents EBITDA plus net gains (losses) on asset related transactions. EBITDA margin is defined as EBITDA divided by total service revenue. EBITDA, as adjusted, margin is defined as EBITDA, as adjusted, divided by total service revenue.
The Company believes that EBITDA, EBITDA, as adjusted, EBITDA margin and EBITDA as adjusted margin are useful measures of its ability to service debt, fund capital expenditures and expand its business. The measurements are an integral part of the internal reporting and planning system used by management as a supplement to GAAP financial information. EBITDA, EBITDA, as adjusted, EBITDA margin and EBITDA, as adjusted, margin are not recognized terms under GAAP and accordingly, should not be viewed in isolation or as a substitute for the analysis of results as reported under GAAP, but rather as a supplemental measure to GAAP. For example, these measures are not intended to reflect the Company's free cash flow, as it does not consider certain current or future cash requirements, such as capital expenditures, contractual commitments, and changes in working capital needs, interest expenses and debt service requirements. The Company's calculations of these measures may also differ from the calculations performed by its competitors and other companies and as such, its utility as a comparative measure is limited.
Cogent's SEC filings are available online via the Investor Relations section of www.cogentco.com or on the Securities and Exchange Commission's website at www.sec.gov.
Except for historical information and discussion contained herein, statements contained in this release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.Such statements include, but are not limited to statements identified by words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "projects" and similar expressions. The statements in this release are based upon the current beliefs and expectations of Cogent's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Numerous factors could cause or contribute to such differences, including the impact of the COVID-19 pandemic and the related government policies; future economic instability in the global economy or a contraction of the capital markets which could affect spending on Internet services and our ability to engage in financing activities; the impact of changing foreign exchange rates (in particular the Euro to USD and Canadian dollar to USD exchange rates) on the translation of our non-USD denominated revenues, expenses, assets and liabilities; legal and operational difficulties in new markets; the imposition of a requirement that we contribute to the US Universal Service Fund on the basis of our Internet revenue; changes in government policy and/or regulation, including net neutrality rules by the United States Federal Communications Commission and in the area of data protection; cyber-attacks or security breaches of our network; increasing competition leading to lower prices for our services; our ability to attract new customers and to increase and maintain the volume of traffic on our network; the ability to maintain our Internet peering arrangements on favorable terms; our reliance on an equipment vendor, Cisco Systems Inc., and the potential for hardware or software problems associated with such equipment; the dependence of our network on the quality and dependability of third-party fiber providers; our ability to retain certain customers that comprise a significant portion of our revenue base; the management of network failures and/or disruptions; and outcomes in litigation as well as other risks discussed from time to time in our filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 10-K for the year ended December 31, 2021 and our Form 10-Q for the quarters ended March 31, 2022 and June 30, 2022. Cogent undertakes no duty to update any forward-looking statement or any information contained in this press release or in other public disclosures at any time.
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/cogent-communications-reports-second-quarter-2022-results-increases-its-regular-quarterly-dividend-its-common-stock-by-0025/ | 2022-08-04T21:08:58Z |
PITTSBURGH, June 27, 2022 /PRNewswire/ -- "I'm an electrician and I thought there could be a better tool for installing solar panels," said one of two inventors, from Las Vegas, Nev., "so we invented the E- Z KONNECTOR. Our design would help to reduce stress and strain on the hands, arms and upper body while working."
The patent-pending invention provides a convenient tool for joining solar panel connectors. In doing so, it eliminates the need to push or press the connectors together by hand. As a result, it saves time and effort and it increases leverage and efficiency. The invention features a compact and durable design that is easy to use so it is ideal for electricians, solar panel installers, do-it-yourselfers, etc.
Additionally, it is producible in design variations and a prototype is available.The original design was submitted to the Las Vegas sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-LGT-190, 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.kxii.com/prnewswire/2022/06/27/inventhelp-inventors-develop-tool-installing-solar-panels-lgt-190/ | 2022-06-27T16:09:16Z |
California utility to pay $55 million for massive wildfires
SAN FRANCISCO (AP) — Pacific Gas & Electric has agreed to pay more than $55 million to avoid criminal prosecution for two major wildfires started by aging Northern California power lines belonging to the nation’s largest utility, prosecutors announced Monday.
PG&E does not admit wrongdoing in the two settlements reached with prosecutors for last year’s Dixie Fire — one of the biggest wildfires in California’s history — and the 2019 Kincade Fire in Sonoma County. The deals expedite damage payments to the hundreds of people whose homes were destroyed.
PG&E also will submit to five years of oversight by an independent monitor similar to the supervision it faced during five years of criminal probation after it was convicted for misconduct that contributed to its natural gas explosion that killed eight people in 2010.
Pacific Gas & Electric has been blamed for more than 30 wildfires since 2017 that wiped out more than 23,000 homes and businesses and killed more than 100 people. It previously reached settlements with wildfire victims of more than $25.5 billion.
The Dixie Fire burned nearly 1 million acres in Butte, Plumas, Lassen, Shasta, and Tehama counties and destroyed more than 1,300 homes and other buildings. The blaze was caused by a tree hitting electrical distribution lines west of a dam in the Sierra Nevada, where the fire began on July 13, 2021, according to investigators with the California Department of Forestry and Fire Protection.
The settlement for the Dixie Fire was made by district attorneys in Plumas, Lassen, Tehama, Shasta and Butte counties, who had not yet filed charges.
Sonoma County prosecutors filed 33 criminal charges last year accusing PG&E of inadvertently injuring six firefighters and endangering public health with smoke and ash from the 2019 Kincade Fire.
Fire officials said a PG&E transmission line sparked the fire, which destroyed 374 buildings in wine country and caused nearly 100,000 people to flee as it burned through 120 square miles. It was the largest evacuation in the county’s history, prosecutors said, including the entire towns of Healdsburg, Windsor and Geyserville.
The utility’s federal probation ended in late January, raising worries from the judge who had been using his powers to oversee the utility to try to force management to reduce the fire risks posed by its crumbling power lines. At the time PG&E emerged from the probation, U.S. District Judge William Alsup warned PG&E remained a “continuing menace to California” and urged state prosecutors to try to rein in the company.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/04/11/pacific-gas-electric-pay-more-than-55-million-avoid-prosecution-california-wildfires/ | 2022-04-11T18:36:24Z |
BROOKLYN, N.Y., May 12, 2022 /PRNewswire/ -- Etsy, Inc. (Nasdaq: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced virtual participation in the below investor events.
The following events will include webcast presentations by Etsy executives:
- Needham's 17th Annual Technology and Media Conference
May 16, 2022 at 11:00 a.m. ET - Jefferies Virtual Internet Summit
May 31, 2022 at 11:40 a.m. ET
Live webcasts and replays of these sessions will be featured on Etsy's investor relations website at investors.etsy.com.
In addition, company executives will attend Morgan Stanley's 7th Annual Sustainable Futures Conference in New York City on May 25, 2022.
About Etsy
Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. These marketplaces share a mission to "Keep Commerce Human," and we're committed to using the power of business and technology to strengthen communities and empower people. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. For sellers, we offer a range of tools and services that address key business needs.
Etsy, Inc.'s "House of Brands" portfolio also includes fashion resale marketplace Depop, musical instrument marketplace Reverb, and Brazil based handmade goods marketplace Elo7. Each Etsy, Inc. marketplace operates independently, while benefiting from shared expertise in product, marketing, technology, and customer support.
Etsy was founded in 2005 and is headquartered in Brooklyn, New York.
Etsy has used, and intends to continue using, its Investor Relations website and the Etsy News Blog (etsy.com/news) to disclose material nonpublic information and to comply with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website and the Etsy News Blog in addition to following our press releases, SEC filings, and public conference calls and webcasts.
Investor Relations Contact:
Deb Wasser, Vice President, Investor Relations & ESG Engagement
Jessica Schmidt, Sr. Director, Investor Relations
ir@etsy.com
Media Relations Contact:
Sarah Marx, Director, Corporate Communications
press@etsy.com
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SOURCE Etsy | https://www.wibw.com/prnewswire/2022/05/12/etsy-participate-upcoming-investor-conferences/ | 2022-05-12T21:19:44Z |
NEW YORK, Sept. 1, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in TG Therapeutics, Inc. ("TG Therapeutics" or the "Company") (NASDAQ: TGTX) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of TG Therapeutics investors who were adversely affected by alleged securities fraud between January 15, 2020 and May 31, 2022. Follow the link below to get more information and be contacted by a member of our team:
TGTX investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) clinical trials revealed significant concerns related to the benefit-risk ratio and overall survival data of the Company's therapeutic product candidates, Ublituximab and Umbralisib; (ii) accordingly, it was unlikely that the Company would be able to obtain approval from the U.S. Food and Drug Administration of the Umbralisib marginal zone lymphoma and follicular lymphoma New Drug Application, the Biologics License Application for Ublituximab in combination with Umbralisib, the supplemental New Drug Application for Ublituximab in combination with Umbralisib, or the Ublituximab relapsing forms of multiple sclerosis Biologics License Application in their current forms; (iii) as a result, the Company had significantly overstated Ublituximab and Umbralisib's clinical and/or commercial prospects; and (iv) therefore, the Company's public statements were materially false and misleading at all relevant times.
WHAT'S NEXT? If you suffered a loss in TG Therapeutics during the relevant time frame, you have until September 16, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.kxii.com/prnewswire/2022/09/01/tgtx-lawsuit-alert-levi-amp-korsinsky-notifies-tg-therapeutics-inc-investors-class-action-lawsuit-upcoming-deadline/ | 2022-09-01T11:06:06Z |
The artistic pizza kits help spark creativity and play for families seeking fun dinner solutions during back-to-school season
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- Banza, the rapidly growing maker of chickpea-based comfort foods, today announced the launch of Banza Masterpiece'zas, a new pizza kit that reimagines Banza's high-protein, high-fiber pizza into an art canvas for a good cause. According to Banza's Dinnertime Confessions Survey, 86% of parents report having at least one picky eater in their family, which can make dinnertime tricky, especially at the start of a new school year. This back-to-school season, Banza Masterpiece'zas are helping parents make mealtime easier and implement healthier eating habits by encouraging play and imagination at the dinner table. The kits are available starting today on EatBanza.com. 50 percent of sales will be donated to Whole Kids Foundation, a nonprofit founded by Whole Foods Market dedicated to inspiring families to improve children's nutrition and wellness through grant making and education at schools.
Each Banza Masterpiece'zas kit is equipped with simple, delicious and nutrient-rich ingredients which act as art supplies to help parents serve their kids better versions of the foods they love. Banza is offering one vegan and one vegetarian version of its Banza Masterpiece'zas kits to satisfy different taste preferences and dietary needs. The kits include:
- Banza Pizza, made from chickpeas, offers a crispy yet doughy crust that tastes like the traditional kind and acts as a blank canvas to bring artistic visions to life
- Farmer's Fridge fresh, pre-sliced vegetables to create the art
- Tupperware® Deco Pens to fill up with sauce or dressing and draw right on top of the pizza
- Tiny Bites scissors to give parents a simple and creative way to slice the pizza
- Gotham Greens Vegan Pesto made with fresh, greenhouse-grown basil to add color to the pizza toppings design
- Burlap & Barrel oregano to accessorize the final artwork
To spark creativity, Banza tapped young artists ages six through 23 from P.S. ARTS, an organization dedicated to providing arts education in systemically under-resourced schools and communities in Los Angeles, CA, and Creative Art Works, a New York City-based organization that teaches valuable technical and workforce skills while creating connections between young constituents, their art and their communities. The artists dreamed up their own Masterpiece'zas designs which are featured on packaging. Additional designs are also included in an inspiration booklet offering suggestions for kids as they work on their own creations.
"We created Banza Masterpiece'zas to inspire creativity and joy around a nutritious dinner," said Brian Rudolph, co-founder and CEO of Banza. "Chickpeas are one of the best foods for human health and the environment. To celebrate the versatility of the ingredient and the love for pizza, we're challenging our community to use Banza's pizza crust as a canvas for art."
With more consumers in the U.S. looking to purchase better-for-you foods, Banza caters to those seeking dietary options that make them feel good while aligning with their social values. Banza Pizza Crust is the fastest-growing pizza crust in the U.S., and Banza's pizza line, now available in over 11,000 stores nationwide, is driving 40% of the growth in the better-for-you pizza category. With its chickpea-based product lineup of pizza, pasta, rice and mac & cheese, Banza aims to challenge the $148B refined grains market as consumer demand for plant-based foods continues.
To purchase Banza Masterpiece'zas and learn more about Banza, visit eatbanza.com.
Banza makes comfort foods out of chickpeas, including pasta, pizza, rice, and mac & cheese. Since 2014, Banza has been on a mission to inspire people to eat more chickpeas and other beans because of their positive impact on human and environmental health. Today, Banza's chickpea products are available in nearly 21,000 stores nationwide, and it is the fastest-growing pasta brand in the country. For more information about Banza, please visit www.eatbanza.com.
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SOURCE Banza | https://www.kxii.com/prnewswire/2022/08/17/banza-launches-masterpiecezas-make-dinnertime-easier-parents-more-fun-kids/ | 2022-08-17T14:28:58Z |
AIRPORT CITY, Israel, Sept. 6, 2022 /PRNewswire/ -- Ethernity Networks (AIM: ENET.L) (OTC: ENETF), a leading supplier of data processing offload solutions on programmable FPGA (field programmable gate array) for accelerating telco/cloud networks, is pleased to announce that trading in the Company's ordinary shares will begin today on the OTCQB Venture Market ("OTCQB") in the United States under the ticker symbol "ENETF".
Trading on the OTCQB will have no direct impact on the trading of Ethernity's existing ordinary shares on London's AIM, which will continue to trade on AIM under the ticker "ENET", and no new ordinary shares will be issued as part of the cross-trade.
The OTCQB is recognized by the SEC as an established public market providing data that investors need to analyze, value and trade securities. Cross-trading on the OTCQB allows the Company access to one of the world's largest investment markets to expand its reach into a broader pool of investors. Ethernity's shares will be available to US investors during US working hours and priced in US dollars, which has the potential to enable greater liquidity in the Company's ordinary shares on AIM by easing cross-border trading for potential US investors.
The Company has appointed Harbor Access, a US-based strategic investor relations firm to support the OTCQB quote. Harbor Access will assist management with investor outreach and awareness. "We are delighted to work with David and the Ethernity Networks team as we believe their technology offers a great investment opportunity for investors with an interest in the 5G space. The addition of the OTCQB quote will allow for greater transparency and disclosure for investors," stated Jonathan Paterson, Managing Partner, Harbor Access.
Ethernity has appointed B. Riley Securities, Inc. as its OTCQB Sponsor.
David Levi, CEO of Ethernity, said: "We are thrilled to begin trading on the OTCQB Market. This cross-trading facility provides an opportunity to open trading and investment in Ethernity to the North American investor community. Ethernity's innovative and patented data processing semiconductor technology, which scales up to provide complete system solutions that utilize our data processing technology, allows customers to deploy innovative differentiated products in the 5G-driven market.
"We have strong sales growth with a high profile North American customer, as well as from the recently signed contracts leading into and beyond 2023, with further anticipated growth from additional possible contracts. We welcome the chance to share our fast-developing and exciting story on the US stage as well as the UK one."
Jonathan Dickson, Vice President of Corporate Affairs, OTC said: "We are delighted to welcome Ethernity Networks Ltd to the OTCQB in the United States. With Ethernity's primary listing remaining on London's AIM, the OTCQB's cross-trading facility will allow Ethernity to broaden its horizons."
About Ethernity Networks
Ethernity Networks (AIM: ENET.L) (OTC: ENETF) provides innovative, comprehensive networking and security solutions on programmable hardware for accelerating telco/cloud networks. Ethernity's FPGA logic offers complete Carrier Ethernet Switch/Router data plane processing and control software with a rich set of networking features, robust security, and a wide range of virtual function accelerations to optimize telecommunications networks. Ethernity's complete solutions quickly adapt to customers' changing needs, improving time-to-market and facilitating deployment of 5G, edge computing, and NFV.
Investor Relations contact: Jonathan Paterson Email: jonathan.paterson@harbor-access.com Tel: +1-475-477-9401
Media and Analyst contact: Kevin Tanzillo Email: media@ethernitynet.com Tel: +1-903-865-1078
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SOURCE Ethernity Networks | https://www.wibw.com/prnewswire/2022/09/06/ethernity-networks-commence-trading-otcqb-market-usa/ | 2022-09-06T14:31:46Z |
FiscalNote Secures up to $250 million in Capital, Representing Strong Institutional Support and Validation of FiscalNote's Long-Term Growth Plan
Enhancements to Business Combination Agreement Provide Additional Benefits to Duddell Street and FiscalNote Shareholders
Company Reiterates FY2022 Revenue Growth Targets
WASHINGTON, May 9, 2022 /PRNewswire/ -- FiscalNote Holdings, Inc., ("FiscalNote"), a leading AI-driven enterprise SaaS company that delivers legal and regulatory data and insights, and Duddell Street Acquisition Corp. ("Duddell Street" or "DSAC") (Nasdaq: DSAC), a publicly-traded special purpose acquisition company, today announced FiscalNote's signing of a commitment letter for a significantly upsized credit facility, with Runway Growth Capital, ORIX Growth Capital, and Atalaya Capital Management, providing for up to $250 million in senior debt funding, as well as enhancements to the Business Combination Agreement such as the establishment of a bonus pool for non-redeeming DSAC shareholders.
The expanded credit facility will provide a 5-year senior secured term loan of up to $250 million, including an aggregate principal amount of $150 million financing committed at closing with an additional accordion facility for $100 million, subject to certain conditions.1 Proceeds at closing are expected to be used to drive the company's growth through an acceleration of investment in go-to-market and other capabilities, fund the company's successful M&A strategy, and refinance certain existing indebtedness of FiscalNote. The new credit facility replaces the previously announced PIPE with a flexible source of funding with an attractive cost of capital that can expand as the company grows.
In addition, FiscalNote and DSAC are allocating, on a pro rata basis, the 10 million shares previously reserved for the PIPE into a bonus pool available exclusively to non-redeeming DSAC public shareholders and backstop providers, with existing FiscalNote equity holders retaining approximately 75% pro forma equity ownership in the post-business combination company.
The parties also have expanded the scope of the existing earnout structure, providing existing FiscalNote equity holders the opportunity to receive additional shares of common stock of the combined company if certain stock price growth targets are achieved.
The company currently remains on pace to achieve its growth targets and is reiterating its revenue guidance for FY2022.
"This incremental capital represents a tremendous opportunity for shareholders and is an accomplishment for FiscalNote, while marking yet another impactful milestone in securing our long-term success as a publicly-traded company," said Tim Hwang, CEO & Co-founder of FiscalNote. "It's a strong validation from leading financial partners who share a deep confidence in our global mission, growth plan, and business proposition. We look forward to leveraging this facility to execute our growth strategy, lower our cost of capital, and drive long-term value."
"The new facility, combined with the revised transaction structure, reaffirms FiscalNote and Duddell Street's joint commitment to drive long-term value creation for all shareholders," said Manoj Jain, CEO of Duddell Street, and Co-Chief Investment Officer of Maso Capital. "FiscalNote continues to execute its growth strategy, and with significant funding from global partners, we believe the company has the foundation it needs to achieve its organic and M&A targets. Overall, these enhancements represent responsible and effective financial stewardship of the company through a sustainable and beneficial capital structure."
Business Combination Agreement Details
FiscalNote previously announced plans to become a publicly-traded company through a business combination agreement with Duddell Street Acquisition Corp. (Nasdaq: DSAC). Completion of the proposed business combination is subject to Duddell Street's registration statement on Form S-4 (the "Registration Statement") being declared effective by the Securities & Exchange Commission ("SEC"), the approval of the proposed business combination by Duddell Street's shareholders, and other customary closing conditions. The SEC is continuing its regulatory review process in connection with the Registration Statement. Once this review is completed, the parties will seek the required shareholder approvals and proceed to close the proposed business combination, with a target closing date in Q2 of this year.
About FiscalNote
FiscalNote is a leading global technology provider of legal and policy data and insights. By combining AI capabilities, expert analysis, and legislative, regulatory, and geopolitical data, FiscalNote is reinventing the way that organizations minimize risk and capitalize on opportunity. Home to CQ, Roll Call, Oxford Analytica, and VoterVoice, FiscalNote empowers clients worldwide to monitor, manage, and act on the issues that matter most to them. To learn more about FiscalNote and its family of brands, visit FiscalNote.com and follow @FiscalNote.
About Duddell Street Acquisition Corp.
Duddell Street Acquisition Corp. was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Duddell Street is sponsored by Hong Kong-based hedge fund Maso Capital. Since inception, Maso Capital has invested in more than one thousand companies and situations across multiple sectors and geographies. Leveraging its stature and reputation in Hong Kong and its experienced investment team, Maso Capital has had investments in a number of TMT, healthcare, fintech and consumer companies in the region. For more information, please visit DSAC.co.
Contacts:
Media
FiscalNote
Nicholas Graham
press@fiscalnote.com
Investors
ICR, Inc. for FiscalNote
Sean Hannan
IR@fiscalnote.com
Duddell Street Acquisition Corp.
Sam Joshi
IR@masocapital.com
Additional Information and Where to Find It
In connection with its proposed business combination with FiscalNote, Duddell Street Acquisition Corp. (Nasdaq: DSAC) ("Duddell Street") has filed relevant materials with the SEC, including the Registration Statement, which includes a proxy statement/prospectus of Duddell Street, and will file other documents regarding the proposed business combination with the SEC. Duddell Street's shareholders and other interested persons are advised to read the preliminary proxy statement/prospectus and the amendments thereto and, when available, the definitive proxy statement and documents incorporated by reference therein filed in connection with the proposed business combination, as these materials will contain important information about FiscalNote, Duddell Street and the proposed business combination. Promptly after the Registration Statement is declared effective by the SEC, Duddell Street will mail the definitive proxy statement/prospectus and a proxy card to each shareholder entitled to vote at the meeting relating to the approval of the business combination and other proposals set forth in the proxy statement/prospectus. Before making any voting or investment decision, investors and shareholders of Duddell Street are urged to carefully read the entire registration statement and proxy statement/prospectus, when they become available, and any other relevant documents filed with the SEC, as well as any amendments or supplements to these documents, because they will contain important information about the proposed business combination. The documents filed by Duddell Street with the SEC may be obtained free of charge at the SEC's website at www.sec.gov.
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Participants in the Solicitation
Duddell Street and its directors and executive officers may be deemed participants in the solicitation of proxies from its shareholders with respect to the business combination. A list of the names of those directors and executive officers and a description of their interests in Duddell Street will be included in the proxy statement/prospectus for the proposed business combination when available at www.sec.gov. Information about Duddell Street's directors and executive officers and their ownership of Duddell Street shares is set forth in Duddell Street's prospectus, dated October 28, 2020. Other information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement/prospectus pertaining to the proposed business combination when it becomes available. These documents can be obtained free of charge from the source indicated above.
FiscalNote and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of Duddell Street in connection with the proposed business combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed business combination will be included in the proxy statement/prospectus for the proposed business combination.
Cautionary Statement Regarding Forward-Looking Statements
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, statements about future financial and operating results, plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will," "are expected to," "is anticipated," "estimated," "believe," "intend," "plan," "projection," "pro forma," "outlook" or words of similar meaning. These forward-looking statements include, but are not limited to, statements regarding FiscalNote's industry and market sizes, future opportunities for FiscalNote and Duddell Street, FiscalNote's estimated future results and the proposed business combination between Duddell Street and FiscalNote, including pro forma market capitalization, pro forma revenue, the expected transaction and ownership structure and the likelihood, timing and ability of the parties to successfully consummate the proposed transaction. Such forward-looking statements are based upon the current beliefs and expectations of Duddell Street's and FiscalNote's managements and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond Duddell Street's or FiscalNote's control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Except as required by law, Duddell Street and FiscalNote do not undertake any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
1 The facility will have a 5-year term, accrue interest at the greater of the Prime Rate plus 5.0% and 9.0% (plus 1.0% PIK interest), and provide for customary affirmative and negative covenants.
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SOURCE FiscalNote | https://www.mysuncoast.com/prnewswire/2022/05/09/fiscalnote-duddell-street-acquisition-corp-announce-expanded-access-capital-further-enhancements-transaction-advance-closing-business-combination/ | 2022-05-09T22:36:50Z |
The sale of the 1989 Ferrari 640 from Nigel Mansell's personal collection reflects how cryptocurrency is going mainstream
LONDON, June 15, 2022 /PRNewswire/ -- The iconic 1989 Ferrari 640, driven by Nigel Mansell for Scuderia Ferrari in the 1989 F1 season, has been sold using Himalaya Dollar (HDO) – a stable coin listed on the Himalaya Exchange.
The transaction was completed for the equivalent of EUR3.6 million thanks to classic car auction house RM Sotheby's. The buyer and seller wish to remain anonymous.
Owned by legendary F1 driver Mansell, the car was retained in his personal car collection since 1989, having allegedly not been driven since its last Grand Prix race.
The Ferrari 640 earned the Italian race team 3rd in the 1989 World Constructors' Championship and secured victory for Mansell at the Brazilian and Hungarian Grand Prix.
RM Sotheby's believes that this is the first time in history that a Works driver has offered his own Grand Prix Ferrari publicly at auction. It is also the first Ferrari F1 car equipped with a semi-automatic gearbox.
William Je, Founder and CEO of Hamilton Investment Ltd. and Founder of Himalaya Exchange, has said "I am extremely pleased that the buyer decided to purchase this world-class car using HDO. Despite the cryptocurrency market's recent dip, HDO has constantly remained stable with the US Dollar 1:1 without fluctuation. Impressively, this makes HDO the only stable coin in the world to maintain 100% during this time-period of uncertainty".
"HDO has gained the trust of RM Sotheby's. The exchange of HDO into the relevant currency was seamless. The Executives and staff at the Himalaya Exchange acted with the utmost professionalism," said Bryon Madsen, President and Chief Strategy Officer of RM Sotheby's.
In addition to RM Sotheby's, earlier this year, the Himalaya Exchange was also used by McLaren in a similar transaction that was reported in March 2022. The Himalaya Exchange continues to gain the trust of merchants and sellers of any products. William Je went on to say, "Our military-grade technology has made Himalaya one of the most secure cryptocurrencies available in the marketplace".
Auction houses around the world are taking advantage of the increasing uptake of cryptocurrencies. In particular, many discreet ultra-high-net-worth individuals are seeking to use their investments in digital currencies to purchase historic items such as the 1989 Ferrari 640.
HDO is part of the Himalaya Exchange – an innovative cryptocurrency ecosystem that is unique for integrating a cryptocurrency exchange with a native trading coin (Himalaya Coin, 'HCN') and a stable coin (Himalaya Dollar, 'HDO'). The aim of the company is to empower people with financial liberty and create a world where people have control over their money, data and destinies.
For further information, please contact:
Andrew Kennedy | 07551 398292 | andrew.kennedy@farrantgroup.com
About RM Sotheby's
RM Sotheby's is the world's leading collector car auction house. With over 40 years of proven results in the collector car industry, RM's vertically integrated range of services, from auctions (live and online) and private sales to estate planning and financial services, coupled with an expert team of Car Specialists and an international footprint, provide an unsurpassed level of service to the global collector car market. RM Sotheby's is currently responsible for the most valuable motor car ever sold at auction.
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SOURCE RM Sotheby’s | https://www.mysuncoast.com/prnewswire/2022/06/15/iconic-ferrari-f1-car-sold-by-rm-sothebys-using-cryptocurrency-himalaya-dollar/ | 2022-06-15T12:18:37Z |
DENVER (AP) — People have a right protected by the First Amendment to film police while they work, a Western U.S. appeals court ruled Monday in a decision that concurs with decisions made by six of the nation’s other 12 appeals court.
The 10th Circuit Court of Appeals in Denver ruling came in the case of a YouTube journalist and blogger who claimed that a suburban Denver officer blocked him from recording a 2019 traffic stop. Citing decisions from the other courts over about two decades as well as First Amendment principles, the 10th Circuit said the right to record police was clearly established at the time and reinstated the lawsuit of the blogger, Abade Irizarry.
A three-judge panel from the court said that “Mr. Irizarry’s right to film the police falls squarely within the First Amendment’s core purposes to protect free and robust discussion of public affairs, hold government officials accountable, and check abuse of power.”
While bystander video has played a vital role in uncovering examples of police misconduct in recent years, including in the killing of George Floyd, whether or not it is a right is still being determined in courts and debated by lawmakers.
The nation’s five other appeals courts have not ruled yet on the right to record police and the U.S. Supreme Court would likely not get involved in the issue unless appeals courts were on opposite sides of the issue, said Alan Chen, a University of Denver law professor and one of the First Amendment experts also urged the appeals court to rule in favor of the right of people to record police.
Meanwhile, Arizona’s Republican governor last week signed a law that makes it illegal to knowingly video record police officers 8 feet (2.5 meters) or closer without an officer’s permission.
In the Colorado case, a lower court had said there was a right to record police but did not think it was clearly established in 2019 so it blocked the officer from being sued because of the controversial legal doctrine called “qualified immunity.” It shields police officers from misconduct lawsuits unless lawyers can show that the officers were on notice that their actions violated the law at the time.
U.S. government lawyers intervened in Irizarry’s appeal to support the public’s right to record police in the 10th Circuit, which oversees four western and two midwestern states — Oklahoma, Kansas, Colorado, Wyoming, New Mexico and Utah — as well as parts of Yellowstone National Park that lie in Idaho and Montana.
Irizarry’s lawyer, Andrew Tutt, said the ruling will protect the right of every citizen under the court’s jurisdiction to record police carrying out their duties.
“Today’s decision also adds to the consensus of authority on this important issue, bringing us a step closer to the day when this right is recognized and protected everywhere in the United States,” he said.
In his lawsuit, Irizarry said he was filming a police traffic stop in the city of Lakewood when he claimed Officer Ahmed Yehia stood in front of the camera to block Irizarry from recording. The officer shined a flashlight into Irizarry’s camera and the camera of another blogger. Then Yehia left the two, got into his cruiser and sped the cruiser toward the two bloggers, the lawsuit said. The cruiser swerved before reaching the bloggers and they were not hit, according to the lawsuit.
A telephone message left in the Lakewood city attorney’s office, which represented Yehia, was not returned.
Even though the court said the right to record police existed in 2019, the ruling will mostly have an impact going forward since lawsuits for police misconduct must be brought within two or three years in most states, Chen said. | https://cw33.com/news/u-s-news/ap-us-headlines/another-us-appeals-court-upholds-right-to-record-police/ | 2022-07-12T14:23:10Z |
The US Centers for Disease Control and Prevention has confirmed a Nebraska child who died after swimming was infected with the brain-eating amoeba Naegleria fowleri, an epidemiologist for the state, Dr. Matthew Donahue, told CNN.
The child, whose age was not disclosed, died this week in Douglas County, its health department said.
The child is believed to have been exposed to Naegleria fowleri while swimming August 8 in a shallow area of the Elkhorn River, and symptoms began about five days after that, county Health Director Lindsay Huse said Thursday in a news conference.
The child was admitted to a hospital within 48 hours of the onset of symptoms and died days later, said Dr. Kari Neemann, a pediatric infectious disease physician and a medical adviser for Douglas County.
Naegleria fowleri is an amoeba commonly found in warm freshwater lakes, rivers, canals and ponds throughout the United States, the Nebraska health department said.
"It can cause primary amebic meningoencephalitis (PAM), a brain infection that may result when water containing the amoeba rushes up the nose and reaches the brain," the department said. "The infection is extremely rare, but nearly always fatal."
A Missouri resident died in July shortly after being diagnosed with a Naegleria fowleri infection after visiting a beach in Iowa. And a child in North Texas died in September after contracting the brain-eating amoeba at a public splash pad.
The CDC conducted further testing to confirm the cause of the child's death this week, the county health department said.
While the odds of infection with Naegleria fowleri are low, health experts say there are precautions people can take when considering swimming in freshwater lakes and rivers.
"Millions of recreational water exposures occur each year, while only 0 to 8 Naegleria fowleri infections are identified each year," Donahue said.
Infections typically occur between July and September in warmer water with slower flow, Donahue added.
"Cases are more frequently identified in southern states but more recently have been identified farther north," Donahue said. "Limiting the opportunities for freshwater to get into the nose are the best ways to reduce the risk of infection."
The Nebraska health department urged caution when participating in activities in warm freshwater during times of prolonged high temperatures. It offered several key points about the risk of Naegleria fowleri infection:
• Behaviors associated with the infection include diving or jumping into the water, submerging the head underwater or engaging in other water-related activities that cause water to go up the nose forcefully.
• Swimmers can reduce their risk by keeping their heads out of the water and using nose clips or plugging their noses when going underwater. Swimmers should also avoid digging or stirring up the sediment at the bottom of the lake or river.
• People can't get infected by swimming in a pool that has been properly cleaned and is maintained and disinfected. They also can't get it from drinking contaminated water.
• Avoid submersing your head in hot springs and other untreated thermal water.
• Avoid digging in or stirring up the sediment while taking part in water-related activities in shallow, warm freshwater areas.
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accounts, the history behind an article. | https://www.albanyherald.com/features/health/cdc-confirms-nebraska-child-who-died-after-swimming-was-infected-with-the-brain-eating-amoeba/article_8494b61c-ccba-5652-8eb3-fc018a444d9d.html | 2022-08-19T22:58:18Z |
ORLANDO, Fla., May 27, 2022 /PRNewswire/ -- Holiday Inn Club Vacations Incorporated, a national vacation ownership company, announced today the launch of Guest of Honor, a program that provides complimentary resort stays to active-duty military, veterans and their families. In conjunction with the launch of Guest of Honor, Holiday Inn Club Vacations has introduced its partnership with Vacations for Vets, a program run by In Honor of Our Troops (IHOOT), a nonprofit organization that works with hospitality brands to provide free lodging to active-duty military and veterans.
Beginning Memorial Day weekend, nine different military members and their families will enjoy a week-long stay at several Holiday Inn Club Vacations properties located across the U.S., including Orange Lake Resort in Orlando, Florida; Desert Club Resort in Las Vegas, Nevada; Villages Resort at Lake Palestine in Flint, Texas; and Oak n' Spruce Resort in the Berkshires in South Lee, Massachusetts. To kick off this program, Holiday Inn Club Vacations donated more than 10 million Club points. Moving forward, the Company will continue to provide complimentary stays to military members by collecting donated points from Holiday Inn Club members.
"At Holiday Inn Club Vacations, we believe that travel not only brings families closer together, but truly strengthens their bonds. Our brave military members, along with the dedicated families who take on the important role of loving and supporting a service member, deserve this more than anyone," said John Staten, President and Chief Operating Officer at Holiday Inn Club Vacations Incorporated. "Our Club members fully understand the immeasurable benefits of traveling together, so we are confident they will embrace this great new program with open arms."
"For the selfless men and women who serve our country, a vacation is far more than a chance to relax with friends and family. It's an opportunity to heal as they transition back to civilian life, along with time to reconnect with loved ones," said Philip Strambler, Founder and Chief Executive Officer of IHOOT. "We are grateful for our partnership with Holiday Inn Club Vacations, as it allows our team to bring these life-changing experiences to even more members of our military."
To apply for a stay through Vacations for Vets, active-duty military members and veterans should visit ihoot.org. For more information on Holiday Inn Club Vacations and its network of resorts, visit holidayinnclub.com.
About Holiday Inn Club Vacations Incorporated
Encompassing 28 resorts, 7,900 villas in 14 U.S. states and more than 365,000 timeshare owners, Holiday Inn Club Vacations Incorporated is a resort, real estate and travel company with a mission to be the most loved brand in family travel by delivering easy-to-plan, memorable vacation experiences that strengthen families.
Based in Orlando, Fla., the Company has been a leader in the vacation ownership industry since 1982, when it was established by Holiday Inn® founder Kemmons Wilson with the opening of the Company's flagship property, Holiday Inn Club Vacations® at Orange Lake Resort next to Orlando's Walt Disney World® Resort.
Today, the Holiday Inn Club Vacations resort portfolio spans across the United States. Throughout its history, the Company has maintained the core family values true to its majority ownership by the Wilson family, while aggressively pursuing growth, transforming its member engagement model and building an industry-leading team passionate about the guest experience.
About In Honor of Our Troops (IHOOT)
In Honor of Our Troops (IHOOT) is a 501c3 nonprofit charity established over 20 years ago at Walter Reed Army Medical Center when the seriously wounded began arriving for treatment there. When Philip Strambler, a Vietnam-era USMC Officer, was serving as a Director of the medical center, he immediately understood first-hand how the difficult and painful the transition from military life back to civilian life was, especially for those who were permanently disabled. To address these needs, he developed IHOOT and its Vacations for Vets program.
Vacations for Vets provides rest, recuperation and healing to help reconnect and reestablish healthy family relationships. The program provides free accommodations for up to 8-days and 7-nights for active-duty military and veterans with proof of honorable service accompanied by their families and/or friends. The application process must be completed online at www.ihoot.org.
Media Contact:
Ashley Fraboni, Holiday Inn Club Vacations
407.315.8866
afraboni@holidayinnclub.com
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SOURCE Holiday Inn Club Vacations | https://www.wibw.com/prnewswire/2022/05/27/holiday-inn-club-vacations-launches-guest-honor-program-introduces-partnership-with-vacations-vets/ | 2022-05-27T16:09:16Z |
HELSINKI (AP) — NATO kicked off nearly a two-week U.S.-led naval exercise on the Baltic Sea on Sunday with more than 7,000 sailors, airmen and marines from 16 nations, including two aspiring to join the military alliance, Finland and Sweden.
The annual BALTOPS naval exercise, initiated in 1972, is not held in response to any specific threat. But the military alliance said that “with both Sweden and Finland participating, NATO is seizing the chance in an unpredictable world to enhance its joint force resilience and strength” together with two Nordic aspirant nations.
Finland and Sweden both have a long history of military non-alignment before their governments decided to apply to join NATO in May, a direct result of Russia’s Feb. 24 invasion of Ukraine. Over the past years, Moscow has repeatedly warned Helsinki and Stockholm against joining the Western military alliance and warned of retaliatory measures if they did.
Ahead of the naval drill, which involved 45 vessels and 75 aircraft, the top U.S military official said in Sweden — the host of the BALTOPS 22 exercise — that it was particularly important for NATO to show support to the governments in Helsinki and Stockholm.
“It is important for us, the United States, and the other NATO countries to show solidarity with both Finland and Sweden in this exercise,” U.S. Gen. Mark Milley, Chairman of the Joint Chiefs of Staff, said Saturday during a news conference aboard the large amphibious warship USS Kearsarge,which was moored in central Stockholm.
Milley, speaking with the Swedish Prime Minister Magdalena Andersson, stressed that the Baltic Sea is a strategically important body of water — “one of the great seaways of the world.”
He said from Moscow’s perspective, Finland and Sweden joining NATO will be “very problematic” and leave Russia in a difficult military position as the Baltic Sea’s coastline would be almost completely encircled by NATO members, except for Russia’s Baltic exclave of Kaliningrad and the Russian city of St. Petersburg and its surrounding areas.
Turkey, a NATO member that has had good relations with Russia, has objected to Finland and Sweden joining the military alliance, citing their alleged support for a Kurdish group that Turkey labels as terrorist. NATO’s chief has been trying to resolve the dispute.
The United States has never before moved such a large warship as the 843-foot USS Kearsarge in the Swedish capital, where it sailed through narrow passages in the Stockholm archipelago, Milley said.
As NATO’s close partners, Finland and Sweden have participated in the naval drill since the mid-1990s.
BALTOPS 22 is scheduled to end in the German port of Kiel on June 17.
___
Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine | https://cw33.com/news/politics/ap-politics/nato-holds-baltic-sea-naval-exercises-with-finland-sweden/ | 2022-06-06T08:46:16Z |
Man accused of sexually abusing boy in McDonald’s bathroom
Published: Aug. 23, 2022 at 10:51 PM CDT|Updated: 49 minutes ago
CHICAGO (WLS) - A Michigan man is facing charges after police say he sexually abused a 6-year-old boy in a McDonald’s bathroom.
Bryan Sutton, of Flint, Michigan, was expected to appear in bond court Tuesday.
Police say a 6-year-old boy was in the bathroom Saturday evening at the McDonald’s flagship restaurant in Chicago when the 62-year-old Sutton went into a stall and sexually abused him.
When security tried to stop Sutton, he allegedly fought back. He was eventually detained and arrested when police showed up.
Sutton is charged with aggravated kidnapping and criminal sexual abuse.
Copyright 2022 WLS via CNN Newsource. All rights reserved. | https://www.kxii.com/2022/08/24/man-accused-sexually-abusing-boy-mcdonalds-bathroom/ | 2022-08-24T04:42:13Z |
GREENBELT, Md., July 14, 2022 /PRNewswire/ --Yesterday, in a victory for Maryland workers, the Maryland Court of Appeals held that workers in Maryland have greater protections than under a 1940s-era federal law, and must be paid for all of their hours worked. Explaining the circumstances, the Court stated that the State's wage and hour law "means what it says," and that workers, who are represented by Joseph, Greenwald & Laake, are entitled to compensation from the time they are "required by the employer to be on the employer's premises, on duty or at a prescribed workplace."
In an expansive 59-page opinion, the Court meticulously reviewed two cases of laborers working for different subcontractors on the construction of the MGM Grand Hotel. In those cases, "the workers accessed the construction site via buses, supplied by the general contractor for the project, that took them from the parking area to the construction site and back. The workers were not compensated for wait and travel time, either coming or going from the parking area, which in total averaged approximately two hours per day." Workers were told that this was the only way they could get onsite, and that they could be fired for reporting to work any other way. The question in both cases was whether the time spent assembling at the parking area as required by their employer, and being bussed to the construction site, constituted "work" compensable under Maryland's wage and hour law. The lower courts applied federal law and dismissed the cases, but the Court of Appeals reversed in a 7-0 decision, concluding that Maryland law was not so restrictive, and that whether the workers were entitled to compensation for the time their employers required them to spend in transit, was a matter for the jury to decide.
"This was a tremendous victory for Maryland workers. When the boss tells workers to do something, even outside of their regular duties, they are working, and now they will get paid," said Brian Markovitz, a Principal at JGL who represented the workers.
"Maryland's highest court has issued a decision that is fundamentally fair to all concerned," said attorney Steven Pavsner, who argued the case on behalf of Mr. Amaya. "Employers cannot reasonably expect to benefit from free labor, and workers cannot reasonably be expected to work for free."
"This ruling sends a clear message to Maryland workers: your time is valuable. Maryland took a stand to protect the health and welfare of workers by crafting its wage and hour laws to prevent corporations from demanding their workers' time but not paying for it," said Erika Jacobsen White, Principal at JGL and co-author of the briefing.
Joseph, Greenwald & Laake, P.A., is one of the most trusted law firms serving Washington, D.C., and the suburban Maryland area. For more than 50 years, our law firm has represented a variety of clients, including individuals, small businesses and multimillion-dollar corporations. From simple to complex legal needs, our law firm is prepared to deliver strategic solutions with high standards. Call or e-mail us at Joseph, Greenwald & Laake, P.A. to schedule a consultation with an experienced attorney. We offer reliable counsel on how best to proceed and what your rights and responsibilities are.
Media Contact:
media@jgllaw.com
(240) 553-1207
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SOURCE Joseph Greenwald and Laake | https://www.mysuncoast.com/prnewswire/2022/07/14/marylands-highest-court-agrees-that-workers-must-be-paid-all-time-their-employers-require-them/ | 2022-07-14T10:12:16Z |
Family reunited with dog after she was missing for more than 5 years
By WDJT Staff
Click here for updates on this story
BELOIT, Wisconsin (WDJT) — A family has been reunited with its rightful owner after being stolen over five years ago.
According to a Facebook post from the Humane Society of Southern Wisconsin, the dog — named Ginger — was stolen from her owner, Barney. The family tried everything to get her back and continuously searched for her every time they saw a dog that resembled Ginger in the slightest.
Over the years, the family proceeded to adopt new dogs, and even welcomed another child into their home, but they “never forgot about Ginger.”
On May 1, 2022, the Beloit Police Department posted on Facebook about a stray female dog found near Yates Avenue and Farwell Street. The dog was eventually brought to the Humane Society of Southern Wisconsin.
After a few days, the humane society received a call from Barney, asking about the found dog — thinking it was Ginger.
When Barney arrived, staff led him to the back of the shelter to make sure it was her and as soon as they saw each other, there was no doubt.
“The excitement on the family’s faces, as well as Ginger’s, when they were finally reunited was beyond memorable,” the humane society said in a Facebook post.
Now, Ginger is back with her true family, now with the opportunity to meet her “new pack” and make up for lost time.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. | https://localnews8.com/news/2022/05/19/family-reunited-with-dog-after-she-was-missing-for-more-than-5-years/ | 2022-05-19T22:08:04Z |
All Four Channels Currently Available Including The Q, Q Marathi, Q Kahaniyan and Q Comedistaan
MUMBAI, India and TORONTO, June 13, 2022 /PRNewswire/ - QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) has announced that QYOU Media India Pvt. Ltd., is launching flagship channel The Q, the company's Hindi language youth oriented channel, now available in over 125 million TV households and to over 680 million users via OTT, mobile and app based platforms in India along with previously announced new channels Q Marathi, Q Kahaniyan and Q Comedistaan on One Plus Smart TV systems via their Oxygen Play content discovery platform.
Leading global technology provider, One Plus, has become a leader in mobile phone, Smart TV and other consumer electronics categories with their motto "Never Settle." In India, they have become known for delivering high quality products at more accessible price points to push the concept of a connected ecosystem led by Smart TV's in Indian homes. The Q channels have been launched on a free ad supported basis via the interface of Oxygen Play and are monetized on a revenue share basis.
Via its unique proposition for driving synergies between linear TV and digital, QYOU Media India has become one of India's youngest and fastest growing entertainment brands. QYOU Media India continues to capture newer and wider audience segments by strengthening its presence on Smart TV's for its growing channel offerings through partnerships with leading television and mobile device manufacturers. The burgeoning growth of Smart TV's in India supports the company's core ethos of expanding its digital footprint in partnership with the large scale Indian distribution partners and OEM's. The young entertainment brand's leading channels - The Q, Q Marathi, Q Kahaniyan and Q Comedistaan are currently available across 70+ Smart TVs in India in addition to One Plus including Samsung TV Plus, MiTV, TCL, Videocon, Haier, LLOYD, MarQ by Flipkart, Sansui, Hyundai, Daiwa and Croma, among others.
Speaking on strengthening its digital presence via Smart TV's, Curt Marvis, CEO and Co-Founder of QYOU Media Inc. said, "All of our efforts in India are driven by a focus on the pulse of young India and providing our viewers with seamless access to our content through these partnerships. Since our launch in India, we have seen tremendous growth opportunities for a young entertainment brand like ours to reach our target audience via Smart TV's. With partnerships with brands like OnePlus, we aim to further strengthen our presence and expand our digital distribution footprint across the country creating with QYOU Media India a holistic network of youth oriented content offerings available across all digital and broadcast based platforms."
QYOU Media operates in India and the United States producing and distributing content created by social media and digital content stars and creators. In India, via our flagship brand, The Q and the recently launched Q Marathi and Q Kahaniyan and Q Comedistaan, we curate, produce and distribute premium content including television networks and VOD for cable and satellite television, OTT, mobile phones, smart TV's and app based platforms. Our India based influencer marketing division, Chtrbox, is among India's leading influencer marketing platforms connecting brands and social media influencers. In the United States, we create and manage influencer marketing campaigns for major film studios, game publishers and brands. Founded and created by industry veterans from Lionsgate, MTV, Disney and Sony, QYOU Media's millennial and Gen Z-focused content reaches more than one billion consumers around the world every month. Experience our work at www.qyoumedia.com and www.theq.tv
Join our shareholder chat group on Telegram: http://t.me/QYOUMedia
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE QYOU Media Inc. | https://www.mysuncoast.com/prnewswire/2022/06/13/qyou-media-india-expands-its-digital-footprint-via-one-plus-smart-tvs/ | 2022-06-13T13:01:44Z |
LULING, Texas (KXAN) — The largest Buc-ee’s store in the country is coming to Central Texas.
The travel center announced plans Wednesday to replace its existing store in Luling. The new location will be built next door, allowing for a seamless transition, according to a company press release.
The store along Interstate 10, just an hour outside of Austin will span more than 75,000 square feet, making it the largest Buc-ee’s ever built. The center will also include 120 fuel stations and favorites like Texas barbecue, Beaver nuggets and clean bathrooms.
In 2021, the company announced plans to build a massive 74,000-square-feet flagship store in Tennessee. The store was constructed near Sevierville, Tennessee, a town of about 17,000 people east of Knoxville and just north of the Great Smoky Mountains.
Luling holds a special place for Buc-ee’s. The city was home to the brand’s first family travel center in 2003. The new Buc-ee’s Luling will continue that location’s pioneering history.
“Twenty years ago, Beaver and Don had the gumption to change the industry by building the first Buc-ee’s Family Travel Center in Luling,” said Stan Beard of Buc-ee’s. “Since that time, Buc-ee’s has grown into an iconic Texas brand that now shares our Texas pride with new stores throughout the Southeast and West.
Buc-ee’s said its development team worked closely with the City of Luling, the Luling Economic Development Corporation, and Caldwell County.
The new travel center will add more jobs to the area, employing at least 200 employees. | https://cw33.com/news/texas/texas-to-reclaim-home-of-the-largest-buc-ees/ | 2022-06-09T14:23:09Z |
Guests will find three days of incredible savings on Target-exclusive brands like Good & Gather, Threshold, A New Day and top national brands like Apple and Disney — no membership fee required
MINNEAPOLIS, June 16, 2022 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced the return of its highly anticipated Target Deal Days sales event, with incredible savings on hundreds of thousands of items – no membership fee required. Featuring three full days of savings exclusively on Target.com and the Target app, the annual Target Deal Days sale returns July 11-13, with deep deals across every category at Target, including food and beverage, electronics, beauty, home, apparel and toys.
"We know guests look forward to Target Deal Days every year. With this year's event being our biggest ever, guests can shop more incredible deals and items, with three full days to save on must-have products that will bring them joy all summer and beyond," said Christina Hennington, executive vice president and chief growth officer, Target. "From offering the most sought-after brands in retail and unparalleled savings to multiple, convenient fulfillment options within our nearly 2,000 stores, guests can shop Target with ease and confidence, knowing they are getting an incredible value."
Now in its fourth year, Target Deal Days will feature the summer's best deals on Target-exclusive owned brands including Good & Gather, heyday, Threshold and A New Day, as well as top national brands like Apple and Disney. Plus, guests can save big on Target GiftCards during the event, with 5% off on Target.com.*
See below for a preview of top deals available during Target Deal Days:
- Spend $50 on food and beverage, get $10 Target GiftCard with same-day services
- Save up to $70 on Apple products
- Up to 50% off select top tech and headphones
- 25% off beauty
- Up to 30% off home items
- 50% off select apparel and accessories for the family
- Up to 50% off hundreds of toys
- Up to 40% off kitchen appliances
- Up to 35% off floor care products
It's never been easier for Target guests to shop, save and get their deals delivered. Target's free, fast and contactless Order Pickup and Drive Up services allow guests to get everything on their shopping list, safely and conveniently, with no designated pickup time or membership required. Guests also can receive personalized, same-day delivery through Shipt and get items delivered right to their doorstep by personal shoppers in just a few hours. Target's ongoing investments to enhance its same-day services provide guests from coast to coast even more of what they love at Target, quickly and easily. Investments include additional backroom hold space and pickup areas in stores, plus more pickup parking spots and continued training for store team members, making Target's same-day services even easier and more convenient for millions of guests.
And guests don't need to wait for the return of Target Deal Days to start saving: Incredible deals start now on Target.com and the Target app with Target's Deal of the Day. New deals will be added daily and are accessible to all Target guests. Guests can also stack savings by joining Target Circle, the retailer's free loyalty program, and use their Target RedCard for an extra 5% off all Target Deal Days purchases. Plus, with payment solutions from Sezzle and Affirm, Target guests can take advantage of these incredible deals and buy what they need now while paying at their own pace. For more information about Target Deal Days, visit A Bullseye View.
About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 2,000 stores and at Target.com. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. For the latest store count or more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.
* Target Circle offer valid online only. $500 limit. Terms & conditions apply.
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SOURCE Target Corporation | https://www.kxii.com/prnewswire/2022/06/16/target-announces-biggest-target-deal-days-with-savings-hundreds-thousands-items-across-all-categories/ | 2022-06-16T21:14:19Z |
LOS ANGELES, Aug. 31, 2022 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against 17 Education & Technology Group Inc. ("17EdTech" or the "Company") (NASDAQ: YQ).
Class Period: December 2020 IPO
Lead Plaintiff Deadline: September 19, 2022
If you are a shareholder who suffered a loss, click here to participate.
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) Defendant 17EdTech's K-12 Academic AST Services would end less than a year after the IPO; (2) as part of its ongoing regulatory efforts, Chinese authorities would imminently curtail and/or end 17EdTech's core business; and (3) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE The Law Offices of Frank R. Cruz, Los Angeles | https://www.wibw.com/prnewswire/2022/08/31/yq-investors-have-opportunity-lead-17-education-amp-technology-group-inc-securities-fraud-lawsuit/ | 2022-08-31T18:01:24Z |
CHARLESTON, S.C., July 14, 2022 /PRNewswire/ -- The Bank of South Carolina Corporation (NASDAQ: BKSC) announced unaudited earnings of $1,542,981, or $0.28 and $0.27 basic and diluted earnings per share, respectively, for the quarter ended June 30, 2022 – a decrease of $125,703, or 7.5%, from earnings for the quarter ended June 30, 2021 of $1,668,684, or $0.30 and $0.29 basic and diluted earnings per share, respectively. Unaudited earnings for the six months ended June 30, 2022 decreased $471,671 or 13.6%, to $3,007,088 compared to $3,478,759 for the six months ended June 30, 2021. Annualized returns on average assets and average equity for the six months ended June 30, 2022 were 0.90% and 12.57%, respectively, compared with June 30, 2021 annualized returns on average assets and average equity of 1.27% and 12.80%, respectively.
In its May 2022 issue, American Banker Magazine ranked Bank of South Carolina Corporation 68th on its annual list of the Top 200 Publicly Traded Community Banks and Thrifts based on three-year average return on equity (Source: Capital Performance Group). The rankings include publicly traded banks and thrifts with total assets less than $2 billion, of which there were 438 institutions that met the criteria for consideration this year.
Fleetwood S. Hassell, President & CEO of the Bank of South Carolina, stated, "Balance sheet growth continues to impact return on assets; however, return on equity remains favorable. Our challenge remains the deployment of excess liquidity into higher-yielding investments. As we await further Federal Reserve actions, we continue to focus on asset quality and control of operating expenses. Margins are improving, and we are optimistic that higher loan interest income will offset any declines in mortgage origination volume. We remain ahead of our profit plan for the first six months and look forward to the second half of the year."
The following table shows the balance sheet and income statement highlights:
About Bank of South Carolina Corporation
The Bank of South Carolina Corporation is the holding company of The Bank of South Carolina ("The Bank"). The Bank is a South Carolina state-chartered bank with offices in Charleston, North Charleston, Summerville, Mt. Pleasant, and the West Ashley community and has been in continuous operation since 1987. A sixth office at 1730 Maybank Highway on James Island is anticipated to open in the second quarter of 2023. Our website is www.banksc.com. Bank of South Carolina Corporation currently trades its common stock on the NASDAQ stock market under the symbol "BKSC".
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SOURCE Bank of South Carolina Corporation | https://www.mysuncoast.com/prnewswire/2022/07/14/bank-south-carolina-corporation-announces-second-quarter-earnings/ | 2022-07-14T13:40:29Z |
RESEARCH TRIANGLE PARK, N.C., April 8, 2022 /PRNewswire/ -- Pathalys Pharma, Inc., a private, late-stage biopharma company committed to the development and commercialization of a range of best-in-class therapies for patients with end stage kidney disease (ESKD), today announced that the company will participate in the 21st Annual Needham Virtual Healthcare Conference, taking place April 11-14, 2022.
Presentation Details:
Conference - 21st Annual Needham Virtual Healthcare Conference
Date / Time - Tuesday, April 12th, 10:15 – 11:00 AM ET
Presenter - Neal Fowler, Chief Executive Officer at Pathalys Pharma
Format: - Virtual presentation
Pathalys will also be participating in one-on-one investor meetings throughout the conference. Investors interested in scheduling a meeting with the Pathalys management team should contact their Needham representative.
About Pathalys Pharma, Inc.
Pathalys Pharma, Inc. is a private, late-stage clinical biopharmaceutical company committed to the development of multiple advanced therapeutics that address unmet needs in the management of ESKD. Pathalys' initial asset is upacicalcet, a novel calcimimetic with the potential to improve the treatment of SHPT in hemodialysis patients. Beyond upacicalcet, Pathalys continues to identify other high priority needs and potential solutions for patients with ESKD. Pathalys is headquartered in Research Triangle Park, North Carolina.
For more information about Pathalys, please visit www.pathalys.com.
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SOURCE Pathalys Pharma | https://www.kxii.com/prnewswire/2022/04/08/pathalys-pharma-present-21st-annual-needham-virtual-healthcare-conference/ | 2022-04-08T13:00:09Z |
SECAUCUS, N.J. and FORT MYERS, Fla., Sept. 15, 2022 /PRNewswire/ -- Quest Diagnostics (NYSE: DGX), the world's leading provider of diagnostic information services, and Lee Health, Southwest Florida's primary community-owned health system, are teaming up to enhance the quality and value of diagnostic services to patients and their doctors.
"We are excited to team up with Lee Health, a leading healthcare provider in Southwest Florida," said Steve Rusckowski, Chairman, President and CEO, Quest Diagnostics. "As people return to care and hospitals contend with post-COVID challenges, hospital systems like Lee Health are turning to Quest for help on executing their lab strategy, taking advantage of our expertise, innovation and scale so they can focus on what they do best, providing quality care to their patients."
Under the agreement Quest will provide supply chain expertise in laboratory equipment, supplies and procurement processes for five hospitals owned by Lee Health and selected outpatient centers. Quest will also continue to perform reference testing for Lee Health.
"We are pleased to partner with Quest Diagnostics to help us streamline our lab operations," said Dr. Lawrence Antonucci, M.D., MBA, president and chief executive officer of Lee Health. "The ability to leverage Quest's purchasing power for equipment and supplies and their expertise in supply chain logistics allows us to continue to provide high-quality care to our patients."
About Quest Diagnostics
Quest Diagnostics empowers people to take action to improve health outcomes. Derived from the world's largest database of clinical lab results, our diagnostic insights reveal new avenues to identify and treat disease, inspire healthy behaviors and improve healthcare management. Quest annually serves one in three adult Americans and half the physicians and hospitals in the United States, and our 50,000 employees understand that, in the right hands and with the right context, our diagnostic insights can inspire actions that transform lives. www.QuestDiagnostics.com
About Lee Health
Since the opening of the first hospital in 1916, Lee Health has been a health care leader in Southwest Florida, constantly evolving to meet the needs of the community. A non-profit, integrated health care services organization, Lee Health is committed to the well-being of every individual served, focused on healthy living and maintaining good health. Staffed by caring people, inspiring health, services are conveniently located throughout the community in four acute care hospitals, two specialty hospitals, outpatient centers, walk-in medical centers, primary care and specialty physician practices and other services across the continuum of care. Learn more at www.LeeHealth.org.
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SOURCE Quest Diagnostics | https://www.wibw.com/prnewswire/2022/09/15/quest-diagnostics-teams-up-with-lee-health-deliver-high-value-innovative-laboratory-services/ | 2022-09-15T12:15:34Z |
This Brings Total Offices Across the Americas to 27; Jason Jordan Joins Firm to Lead Newest Office
COLUMBUS, Ohio, July 13, 2022 /PRNewswire/ -- Ware Malcomb, an award-winning international design firm, today announced the opening of its newest office in Columbus, Ohio. The office, located at 875 North High Street, Columbus, Ohio, is the firm's third in the Midwest and will support Ware Malcomb's growing client and project base in the region. In addition, the firm announced that Jason Jordan has joined as Regional Manager to lead the new Columbus office. Jordan will be responsible for the overall growth and management of the firm's operations in Ohio.
Jason Jordan photo download: http://www.kcomm.com/wp-content/uploads/2022/07/Jason.jpg
"Ware Malcomb has been very active in the Midwest for close to 20 years and has proudly worked on more than 150 projects in Ohio," said Cameron Trefry, Principal, Ware Malcomb. "Columbus leads the Midwest as the most popular city for millennials and boasts booming industrial and multifamily markets that continue to grow. With this expansion, we rise to meet demand in the area, and are proud to call ourselves a member of the Columbus community."
"We are excited to have Jason join our team and lead the new office in Columbus," said Ken Wink, CEO of Ware Malcomb. "His extensive client and project management success combined with his architectural expertise make him the ideal person to lead the office in a fast-paced market."
Prior to Ware Malcomb, Jordan led the residential design studio at a design firm in Columbus, and his background includes a wide variety of projects from multifamily housing to high-rise mixed-use development. He holds a BFA in Architecture from Miami University and a Master of Architecture from Boston Architectural College.
Established in 1972, Ware Malcomb is a contemporary and expanding full service design firm providing professional architecture, planning, interior design, civil engineering, branding and building measurement services to corporate, commercial/residential developer and public/institutional clients throughout the world. With office locations throughout the United States, Canada, Mexico, and Brazil, the firm specializes in the design of commercial office, corporate, industrial, science & technology, healthcare, retail, auto, public/institutional facilities and renovation projects. Ware Malcomb is recognized as an Inc. 5000 fastest-growing private company and a Hot Firm by Zweig Group. The firm is also ranked among the top 30 architecture/engineering firms in Engineering News-Record's Top 500 Design Firms and the top 30 interior design firms in Interior Design magazine's Top 100 Giants. For more information, visit http://waremalcomb.com/news and view Ware Malcomb's Brand Video at youtube.com/waremalcomb.
Ware Malcomb Columbus
629 North High Street
Columbus, OH 43215
p. 380.230.8880
CONTACT:
Maria Rodgers, PR & Communications Manager, 949.660.9128, mrodgers@waremalcomb.com
Maureen Bissonnette, Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com
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SOURCE Ware Malcomb | https://www.wibw.com/prnewswire/2022/07/13/ware-malcomb-opens-new-office-columbus-ohio/ | 2022-07-13T12:40:42Z |
JACKSON, Miss. (AP) — The Mississippi abortion clinic that was at the center of the U.S. Supreme Court decision that overturned Roe v. Wade ended a lawsuit Tuesday in which it had sought to block the state from enforcing a law that bans most abortions.
Jackson Women’s Health Organization dropped its litigation a day after clinic owner Diane Derzis told The Associated Press that she sold the facility and had no intention to reopen it, even if a state court allowed her to do so.
“If the clinic is not in a position to reopen in Mississippi, it no longer has a basis to pursue this case in the courts,” Rob McDuff, a Mississippi Center for Justice attorney who was among those representing the clinic, said in a statement. Derzis said the clinic’s furniture and equipment have been moved to a new abortion clinic she will open soon in Las Cruces, New Mexico.
Court battles over access to abortion are playing out in multiple states following the Supreme Court’s June 24 ruling, which gave states the authority to set their own laws on abortion. On Tuesday, West Virginia’s only abortion clinic resumed scheduling patients for abortions, after a judge ruled in its favor. And new restrictions on some abortions were in effect in Indiana after a judge lifted a hold on them.
The Mississippi clinic — best known as the Pink House because of its bright paint job — stopped offering medication-induced and surgical abortions July 6, the day before Mississippi enacted a law that bans most abortions. Mississippi was one of several states with a trigger law that went into effect after the Supreme Court ruling.
The Mississippi trigger law, passed in 2007, says abortion is legal only if the pregnant woman’s life is in danger or if a pregnancy is caused by a rape reported to law enforcement. It does not have an exception for pregnancies caused by incest.
On July 5, a state court judge rejected a request by the clinic’s attorneys to block the trigger law from taking effect. The clinic appealed the ruling to the state Supreme Court, citing a 1998 ruling that said the state constitution invokes a right to privacy that “includes an implied right to choose whether or not to have an abortion.”
Because the clinic is dropping its lawsuit, the Mississippi Supreme Court will not issue a new ruling.
In West Virginia, Women’s Health Center began scheduling patients for abortions for as early as next week after a judge on Monday blocked enforcement of the state’s 150-year-old abortion ban. West Virginia Attorney General Patrick Morrisey said Tuesday that his office had filed a motion to the state Supreme Court asking for a stay to keep the ban in place while his office proceeds with an appeal.
“We believe it’s critical to file for an immediate stay in light of this flawed decision and seek this emergency measure to prevent immediate loss of precious life,” he said in a statement, adding that when “life is in jeopardy, no effort can be spared to protect it.”
West Virginia’s law, dating back to the 1800s, makes performing or obtaining an abortion a felony punishable by up to a decade in prison. It provides an exception for cases in which a pregnant person’s life is at risk. Women’s Health Center argued in court that the law was void because it had not been enforced in more than 50 years, and has been superseded by modern laws, including a 2015 law that allows the procedure until the 20th week of pregnancy.
Katie Quiñonez, Women’s Health Center’s executive director, called the judge’s decision to block the law “a sigh of relief.” The clinic has been posting on social media and is sending out information in an emailed newsletter to let people know they can once again schedule abortions.
But Quiñonez said operations won’t simply go back to the way they were before the clinic had to shut down. She said the staff has been telling patients: “It’s a moving target, things could change.”
Anti-abortion activists from Mississippi, Texas and elsewhere rallied a crowd in Las Cruces on Tuesday evening and took donations for a new clinic that will provide fertility and pregnancy support services next door to the planned abortion clinic.
In Indiana, a law that bans abortions based on gender, race or disability was in effect Tuesday, a day after a federal judge lifted an order that blocked its enforcement. The law includes a ban on abortions sought because a fetus has a genetic abnormality such as Down syndrome. It was adopted by Indiana’s Republican-dominated Legislature in 2016 and signed by then-Gov. Mike Pence. The law allows doctors who perform abortions in such cases to be sued for wrongful death.
Another federal judge has lifted similar blocks on abortion restrictions in recent weeks. The Indiana Legislature is expected to take action on additional abortion restrictions during a special session that starts Monday.
Meanwhile, an Indianapolis doctor who performed an abortion on a 10-year-old rape victim from Ohio took the first step Tuesday toward suing Indiana’s attorney general for defamation. Dr. Caitlin Bernard, an Indianapolis obstetrician-gynecologist who gave the girl a medication-induced abortion on June 30, filed a tort claim notice over what she says were false statements made about her and her work. The notice starts a 90-day period for the state to settle.
After the girl’s abortion was in the news, Attorney General Todd Rokita told Fox News that he would investigate if Bernard violated any laws, though he made no specific allegations of wrongdoing.
A 27-year-old man was charged last week in Columbus, Ohio, with raping the girl.
___
Willingham reported from Charleston, West Virginia. Associated Press writers Tom Davies and Arleigh Rodgers in Indianapolis contributed to this report.
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This story has been corrected to show that West Virginia Attorney General Patrick Morrisey’s office has filed a motion to the state Supreme Court asking for a stay to keep the state’s abortion ban in place while his office proceeds with an appeal. | https://cw33.com/health/ap-health/mississippi-clinic-drops-challenge-of-near-ban-on-abortion/ | 2022-07-20T16:25:24Z |
DAYTON, Ohio, April 5, 2022 /PRNewswire/ -- Dayton Superior, the leading provider of highly-engineered accessories, chemicals and forming solutions within the concrete industry is announcing their acquisition of Kodi Klip, LLC, manufacturer of the Kodi Klip Rebar Connection System, from managing partner LoJac Holdings Corporation, Inc.
"The purchase of Kodi Klip, LLC, further expands Dayton Superior's presence in the rebar connection market and is well-aligned with our commitment to deliver innovative, highly-engineered product solutions to the concrete construction industry," said Mark Carpenter, Dayton Superior's President and CEO. "The Kodi Klip system unites cutting-edge engineering with forward-thinking safety and labor-saving features that ultimately provide notable cost savings."
Dayton Superior will augment their existing rebar connection product portfolio with the Kodi Klip system. Leveraging the Kodi Klip's patented four-point grip, rebar connections are made more consistent and more stable over traditional hand tied methods. This secure four-way grip holds tight for ease in lifting mats and cages while eliminating racking. Comprised of a non-corrosive polycarbonate resin, the Kodi Klip's engineered versatility works for cross, parallel and vertical connections and form spacers.
Significantly faster than wire-tying, the Kodi Klip's engineered design reduces injury risk and eliminates the need for expensive, higher grade rebar required for welding, making it a leading-edge, yet economical, solution for rebar connections.
The Kodi Klip product line includes 10 Imperial Klip sizes for #3 to #6 rebar, 15 metric Klip sizes for 6mm – 20mm rebar, Imperial and metric Korner Klips, 4 Klipper gun models to accommodate the range of rebar sizes, and 3 unique Klipper gun extension handles.
The integration of both companies will occur over the next six months. The process will include transitioning Kodi Klip into the family of other well-recognized concrete construction industry brands such as Symons®, Accubrace® and Unitex®. At this time, Kodi Klip operations will continue at the company's Lebanon, TN facility, but will transition to Dayton Superior's Dayton, OH headquarters by year end.
ABOUT DAYTON SUPERIOR CORPORATION
Dayton Superior Corporation is the leading provider of highly engineered accessories, chemicals and forming solutions within the concrete construction industry. The company's products are found on many of the world's most prominent civil infrastructure, institutional and commercial construction projects. For more information, visit www.daytonsuperior.com.
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SOURCE Dayton Superior Corporation | https://www.kxii.com/prnewswire/2022/04/05/dayton-superior-acquires-kodi-klip-llc-expands-rebar-connection-solutions-portfolio/ | 2022-04-05T14:23:46Z |
NEW YORK, April 21, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Celsius Holdings, Inc. ("Celsius" or the "Company") (NASDAQ: CELH) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Celsius investors who were adversely affected by alleged securities fraud between August 12, 2021 and March 1, 2022. Follow the link below to get more information and be contacted by a member of our team:
CELH investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company had improperly recorded expenses for non-cash share-based compensation for second and third quarters of 2021; (2) as a result, the Company's financial statements for those periods would be restated, including to report a net loss for the third quarter of 2021; (3) there was a material weakness in Celsius's internal controls over financial reporting; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
WHAT'S NEXT? If you suffered a loss in Celsius during the relevant time frame, you have until May 16, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.wibw.com/prnewswire/2022/04/21/celh-lawsuit-alert-levi-amp-korsinsky-notifies-celsius-holdings-inc-investors-class-action-lawsuit-upcoming-deadline/ | 2022-04-21T11:10:06Z |
Effort begun to eradicate giant African snails in Florida
ST. PETERSBURG, Fla. (AP) — Invasive giant African land snails that can eat building plaster and stucco, consume hundreds of varieties of plants and carry diseases that affect humans have been detected once again in Florida, where officials said Thursday work has begun to eradicate the pests.
The snails, which grow as long as 8 inches (20 centimeters) and have a distinctive whirled, brown mottled shell, were confirmed by state agriculture officials in New Port Richey, Florida, on June 23. The location in Pasco County is just north of the Tampa Bay area on the Gulf coast.
Florida has twice before eradicated the snails in other parts of the state, most recently a 10-year effort in Miami-Dade County that cost $23 million and ended in 2021 after collection of about 170,000 snails. Now they are back again, most likely the result of the illegal international exotic pet trade or arriving hidden in cargo from overseas.
“We will eradicate these snails. We’ve done it before and we will do it again,” said Nikki Fried, commissioner of the state Department of Agriculture and Consumer Services, at a news conference Thursday.
The snails have been found in numerous parts of the world such as Hawaii and parts of the Caribbean, including in Cuba where an effort is ongoing to rid the island of the pests.
The snails are known to eat 500 different plant types, making them a major threat to agriculture including peanuts, beans, cucumbers and melons. They will also eat plaster and stucco in buildings, even tree bark, and carry a parasite called the rat lungworm that can cause meningitis in humans, according to the department. They can produce up to 1,200 eggs a year.
“They are one of the most damaging snails in the world,” said Fried, a Democrat who is also running for governor this year.
A quarantine area has been set up in Pasco County where the snails were found, initially by a homeowner. The properties involved will be treated with a molluscicide bait and snails are being collected by state workers aided by dogs trained to sniff them out.
Greg Hodges, assistant director of the state Division of Plant Industry, said it is illegal to import or possess giant African land snails in Florida without a permit. It is also illegal to move them from a quarantined area, such as the one in Pasco County, or to take away other material in the area such as soil, yard waste or building materials without an agreement with the state.
About 1,000 snails have already been collected in the quarantine area, Hodges said. He said anyone who spots a snail should not touch it but instead call 888-397-1517 to report the find.
Fried said people should definitely shy away from the snails, which are not the type one finds in escargot.
“This is not something you want to touch. It is not something you want to eat,” Fried said.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/07/07/effort-begun-eradicate-giant-african-snails-florida/ | 2022-07-07T20:05:30Z |
NEW YORK, Aug. 22, 2022 /PRNewswire/ -- Pernod Ricard USA has selected independent agency Tombras as its creative AOR for Chivas Regal in the U.S. market, following a competitive review that included some of the industry's top players.
Tombras was selected as the leading Scotch whisky brand's U.S. partner due to their strength in strategic creativity, digital content development, and in-store activation.
Pernod Ricard USA has hired Tombras at a pivotal time in Chivas Regal's history. Following the launch of the new global campaign, "I Rise, We Rise", Chivas is seeing strong growth and demand globally. The brand is sold in over 150 markets and is one of the world's biggest-selling Scotch whiskies.
Building on the momentum that Chivas is seeing globally, but acknowledging the differences of the U.S. spirits market, Tombras will help the iconic brand accomplish its ambitious new goals and volume growth in the U.S.
The selection of Tombras for Chivas will expand the PRUSA relationship with the agency from a brand standpoint as well as scope. Tombras is already working with its American Whiskey Collective (Jefferson's, Smooth Ambler, Rabbit Hole and TX Whiskey), and it will now be responsible for Shopper Marketing for both Chivas and the American Whiskey Collective.
"Tombras is an incredible partner. They've demonstrated their ability to achieve creative effectiveness and drive results for our brands by bringing creativity to problem solving in both brand and shopper marketing. We are thrilled to be expanding our relationship and working with them on the future of Chivas in the US," said Pam Forbus, CMO, Pernod Ricard North America.
"It's not every day that an agency gets the creative opportunity to work with a legendary global brand as it embarks on the exciting journey to spark newly lit passion among consumers. We're excited to help Chivas Regal evolve its story in the US, especially since Tombras – with its own 76-year heritage in the states – is well-versed in the power of transformation for growth. We look forward to partnering with Chivas on its next chapter in the US," said Dooley Tombras, President, Tombras.
The relationship with Chivas Regal began in July 2022 and forthcoming work is expected in 2023.
Chivas believes that blended is better, in life and in Scotch. Chivas' belief in blending was instilled by founding brothers, James and John Chivas, who pioneered the art of blending in 19th century Scotland.
Since then, Chivas has been integral to the growth of the Scotch whisky category worldwide – by bringing together the best malt and grain whiskies to create something extraordinary. Chivas believes in the power of blending in life, as well as in Scotch. In bringing people together to create a greater whole – which is why Chivas is proud to be the global spirits partner of Manchester United, the world's biggest football club; and in blending ambition with generosity and using success to enrich the lives of others – which is why the Chivas Venture shines a light on grassroots community initiatives, empowering and supporting the next generation of creative entrepreneurs who are driving positive change.
Chivas blends its spiritual home in Speyside, Scotland, with more than 100 countries across the globe, who together have made Chivas the global success it is today, selling more than 4.2 million 9L cases every year. The Chivas range blends timeless classics with modern innovation, including: Chivas 12, Chivas Extra 13, Chivas XV, Chivas Mizunara, Chivas 18, Chivas Ultis, Chivas 25, Chivas Regal The Icon, and the Global Travel Retail exclusive Chivas Brothers Blend.
Chivas. Success is a blend.
Contact:
Jalana Torres
jalana.torres@pernod-ricard.com
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SOURCE Pernod Ricard USA | https://www.kxii.com/prnewswire/2022/08/22/pernod-ricard-usa-appoints-tombras-lead-chivas-regal-account-us/ | 2022-08-22T20:57:58Z |
Carrum's Value-Based Centers of Excellence Solution Now Easily Accessible to Accolade Clients for More Affordable, Appropriate Surgical Care
SAN FRANCISCO, Aug. 17, 2022 /PRNewswire/ -- Carrum Health, the first digital health company connecting employers and employees to Centers of Excellence (COEs) through a technology-powered platform focused on delivering value-based care, today announced a partnership with Accolade (Nasdaq: ACCD) to deliver a fully integrated healthcare experience with proven cost savings and improved care outcomes. Accolade clients can now easily activate Carrum's value-based COE program through their existing contract and quickly offer their employees access to personalized guidance and treatment from best-in-class providers that have been rigorously evaluated and selected using industry-leading quality algorithms.
"When faced with a major medical event like surgery, cancer, or childbirth, patients are often overwhelmed by the healthcare system, and worst of all the financial stress and uncertainty of medical bills. Carrum Health gives patients peace of mind by assuring the most appropriate and highest quality care for zero or minimal out of pocket costs," said Brent Nicholson, co-founder and chief partner officer for Carrum Health. "Our partnership with Accolade further substantiates that there is a better way to pay for and deliver healthcare, especially now as employers look to reduce healthcare costs while delivering improved outcomes and experiences for their employees."
Carrum Health is the only COE provider to offer a patient-facing app to guide members through their entire COE experience and also launched the industry's first bundled cancer care for employers, in partnership with the nation's leading cancer institutions like Memorial Sloan Kettering and City of Hope. The platform supports members in need of musculoskeletal, bariatric, oncology, cardiac and maternity care through a value-based bundled payment solution. Accolade clients can also access CarrumComplete™, the only single stop for surgical care, which matches employer populations with the highest quality surgeons from both the Carrum Health COE Network and options within the employer's health plan to eliminate the need for travel.
"We're excited to welcome Carrum Health to our Trusted Partner Ecosystem. Carrum has a proven track record of delivering strong clinical outcomes as well as cost savings to both members and employers," said Kristen Weeks, vice president of strategy and corporate development at Accolade. "This partnership reflects an ongoing commitment to our mission – by making another well vetted, high-quality solution easily available to our customers and facilitating easy access to the service through our Trusted Partner Ecosystem program, we're ultimately doing even more to help our members make the best decisions for their health and well-being."
Carrum Health is the only COE program with independent, peer-reviewed validation of cost savings. According to a study by the RAND Corporation published in Health Affairs, Carrum Health reduces unnecessary procedures by as much as 30% and saves employers up to 45% per episode of care.
For more information visit www.carrumhealth.com
About Accolade
Accolade (Nasdaq: ACCD) provides millions of people and their families with an exceptional healthcare experience that is personal, data driven, and value based to help every person live their healthiest life. Accolade solutions combine virtual primary care, mental health support and expert medical opinion services with intelligent technology and best-in-class care navigation. Accolade's Personalized Healthcare approach puts humanity back in healthcare by building relationships that connect people and their families to the right care at the right time to improve outcomes, lower costs and deliver consumer satisfaction. Accolade consistently receives consumer satisfaction ratings over 90%. For more information, visit accolade.com.
About Carrum Health
Carrum Health offers the first value-based complete surgical care platform that combines the benefits of a bundled payments Centers of Excellence (COE) with surgical guidance and coordination to deliver the highest quality, most appropriate care. By connecting self-insured employers with the top 10% of doctors and facilities across the nation, Carrum reduces unnecessary procedures by as much as 30% and aligns cost and care incentives to save employers up to 45% per episode of care, all validated by peer-reviewed publications. Carrum's award-winning technology gives members access to a mobile app and Care Specialist that guides them through the surgery process, and a seamless platform integration to make COE adoption plug-and-play for employers. Backed by Tiger Global, Carrum was named to the 2021 CB Insights Digital Health 150 and named one of the best places to work in 2022 by Built In. The company, founded in 2014, is headquartered in Silicon Valley. For more information, visit carrumhealth.com.
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SOURCE Carrum Health | https://www.wibw.com/prnewswire/2022/08/17/carrum-health-selected-trusted-partner-by-accolade-help-employers-achieve-immediate-tangible-cost-savings/ | 2022-08-17T13:42:50Z |
Bumble Bee recalls smoked clams for PFAS chemicals contamination
(CNN) - Seafood fans may want to take a close look in their kitchen.
Bumble Bee Foods is voluntarily recalling some of its smoked clams for safety concerns.
According to the Food and Drug Administration, some levels of unsafe PFAS chemicals were found in the 3.75-ounce cans with the UPC Label 8660075234.
The products in question were sold nationwide to limited retailers.
The FDA says no related illnesses have been reported and no other Bumble Bee products are affected by this recall.
Per- and polyfluoroalkyl substances, also known as “forever chemicals,” are a diverse group of human-made chemicals used in a wide range of consumer and industrial products, the FDA stated. PFAS do not easily break down and some types have been shown to accumulate in the environment and in people’s bodies.
Consumers are advised to either throw out these clams or take them back to the place of purchase for a refund.
More information is available on the FDA’s website.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wibw.com/2022/07/08/bumble-bee-recalls-smoked-clams-pfas-chemicals-contamination/ | 2022-07-08T15:54:50Z |
WARSAW, May 16, 2022 /PRNewswire/ -- The Global CRO pursues further development in the digitalization of Clinical Research
Clinscience US LLC, a subsidiary of Neuca Group, on 26th of April signed an investment agreement to acquire 51% of shares in Agati Systems. The US-based (Texas) Company, together with its Indian subsidiary, Agati Clinical Informatics, having branches in Bengaluru and Chennai, provides clinical data, regulatory, and custom software services. The Company has a rapidly expanding and robust team of SAS® programmers, clinical data standards SMEs, statisticians, and regulatory experts, who will work hand-in-hand with Clinscience's Data Management & Biostatistics Team.
This investment is a testament to Clinscience's sustained focus on the Digital Data-Driven (3D) strategy. Last year, the Company expanded into the United States and acquired majority stakes in an Italian-German technology CRO, EXOM Group.
"Empowered by Agati, Clinscience now expands its offer with two differentiators — reliable & proven Real-World Data competencies and Synthetic/External Control Arm development and design. United with the traditional approach and services for Biometrics, it places Clinscience in a unique position to support our Partners with skills and experience that are most impactful in the modern Clinical Trials," said Daniel Kowalski, Head of Data Science and Technology at Clinscience.
"Data Integrity and Consistency are paramount to our organization. This is why we are expanding our offer to Clients and Patients through continuous investments in companies like Agati Group and EXOM Group," said Tomek Dabrowski, CEO of Clinscience, responsible for the Clinical Trials business in Neuca Group. "Together we are committed, as ever, to building a Data-driven and Patient-centric global team, which supports our Partners' needs and fulfills the specific regulatory environments."
"At Agati, we are committed to bringing Biostatistics, Data Management, Data Standardization (CDISC), and Regulatory Services to another level. Over the years, we have developed solutions that can be customized to the dynamic needs of our partners," said Ramanan Bathala, CEO and founder of Agati Group. "We are happy to be part of a versatile, global team together with Clinscience and offer our clients the finest cost-efficient smart Services utilizing the latest technologies, which boost productivity and reduce operating costs."
Ramanan Bathala will become part of Clinscience's Executive Board and continue his responsibilities as the CEO of Agati Group.
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SOURCE Clinscience Sp. z o.o. | https://www.wibw.com/prnewswire/2022/05/16/clinscience-invests-market-transforming-technologies-acquiring-texas-based-agati-group/ | 2022-05-16T11:38:12Z |
KNOXVILLE, Tenn., Aug. 9, 2022 /PRNewswire/ -- AtWork, a rapidly growing national staffing franchise announced today that they have once again been ranked as one of the largest staffing firms in the United States by Staffing Industry Analysts (SIA). The list, which has been issued annually for 27 years, ranks firms that have generated at least $100 million in U.S. staffing revenue. In 2021, despite the pandemic, AtWork performed well, being listed at number 87 of 223 qualifying firms.
"AtWork is excited to be recognized by Staffing Industry Analysts once again as one of the largest industrial staffing firms in the United States," said Jason Leverant, President and COO of AtWork Group. "Our growth is fueled by our mission, to be AtWork for You. This focus on service allows us to continually be recognized by our clients and job seekers for the outstanding experience that comes from working with our branches."
Founded in 1989, SIA is the global advisor on staffing and workforce solutions. SIA's proprietary research covers all categories of employed and non-employed work including temporary staffing, independent contracting, and other types of contingent labor. SIA's independent and objective analysis provides insights into the services and suppliers operating in the workforce solutions ecosystem including staffing firms, managed service providers, recruitment process outsourcers, payrolling/compliance firms, and talent acquisition technology specialists such as vendor management systems, online staffing platforms, crowdsourcing, and online work services.
To view the full list of Largest U.S. Staffing Firms, visit www.staffingindustry.com.
To learn more about AtWork franchise opportunities, visit www.AtWorkFranchise.com.
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SOURCE AtWork Group | https://www.mysuncoast.com/prnewswire/2022/08/09/atwork-group-ranked-one-largest-staffing-firms-us-by-staffing-industry-analysts/ | 2022-08-09T10:32:35Z |
Bachelor Nation's Kelley Flanagan reveals how finally receiving a tick-borne disease diagnosis through IGeneX Lab changed her life for the better
MILPITAS, Calif., June 8, 2022 /PRNewswire/ -- Like hundreds of thousands of Americans, Kelley Flanagan developed mysterious health symptoms with, seemingly, no answers, that began in fourth grade but increased after her season of The Bachelor. After a diagnosis of Lyme Disease in 2021 via IGeneX Lab, she joined the over 300,000 (Bay Area Lyme Foundation) new patients each year that contract Lyme Disease, and began to discover just how deeply tick-borne disease can affect each facet of your life. Further, without effective diagnosis and treatment, symptoms can often worsen and progress into severe and even life-threatening health issues.
"[My brother] started doing so much evidence-based research, whether it was reading books, podcasts, documentaries… anything he could find that pertained to Lyme disease. That's when he figured out that [he] most likely had Lyme disease. [My brother] was the one to say, 'I think you have Lyme.' After I came back from the show, I just knew something was wrong. It was around 4th grade when I noticed something was wrong- my digestion was off. It actually took my brother, Tom, to figure out that he had Lyme… because he goes hunting and got bit by a tick," Flanagan told IGeneX recently.
Speaking with IGeneX in May of 2022 during Lyme Disease Awareness Month, Flanagan opened up about why she chose to be tested for Lyme with IGeneX: "The test that I found was the most accurate when I was doing all my research was, IGeneX. When it came to me getting tested, there were essentially no other options. I knew what was out there… IGeneX is the best on the market."
IGeneX prides itself on testing for not only more relevant strains of tick-borne pathogens than any other lab, but even for pathogens that exhibit Lyme-like symptoms but arise from a different tick-borne disease. These often require different treatment paths- like common co-infections Babesiosis, Bartonella and Relapsing Fever. Fortunately, IGeneX's ImmunoBlot boasts a sensitivity rate that is nearly double that of the standard two-tier testing protocol.
Flanagan has been on the up and up since her initial diagnosis in 2021. Flanagan recently told IGeneX that mindset is key in her health journey: "I knew I was in a space where my body wasn't doing well. I know that it gets a little bit hectic to talk about it [Lyme Disease] constantly and that is something that I struggle with. Mindset is a huge thing for me and I want to focus on being a little bit more healthy instead of focusing on the downfalls."
"Without accurate, multi-species tests that detect infection at all stages of disease, patients are unable to receive a correct diagnosis and cannot begin to get better. I speak for the entire IGeneX team when I say that we are grateful for Kelley's continued advocacy around accurate tick-borne illness testing," said Dr. Jyotsna Shah, PhD, President and Laboratory Director of IGeneX.
Founded in 1991, IGeneX is at the forefront of Lyme and tick-borne disease research. The two-tier ELISA/Western Blot testing recommended by the CDC uses outdated result criteria developed in 1994, leading to many missed infections and preventable suffering. In contrast, the IGeneX ImmunoBlot, which detects eight strains of Borrelia, produces a higher sensitivity, and remains the most comprehensive testing for Lyme disease antibodies.
Press contact: Alex moresco alex@amorescopr.com
For more information on how to order IGeneX Lyme and tick-borne disease testing, please contact IGeneX today at 1-800-832-3200 or visit igenex.com.
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SOURCE IGeneX | https://www.wibw.com/prnewswire/2022/06/08/igenex-kelley-flanagan-tackle-tick-borne-disease-cases-climb-by-59-united-states/ | 2022-06-08T22:16:53Z |
Iconic Snack Company and Beast Philanthropy – Official Non-Profit to YouTube Star MrBeast – Donate Around $200,000 in Snacks, School Supplies
FRESNO, Calif., Aug. 15, 2022 /PRNewswire/ -- As part of its kid-led Board of Imagination program – now in its second year – Sun-Maid is debuting their first philanthropic effort to turn creativity and imagination into back-to-school support. The iconic snack company and its innovative Board of Imagination partnered with one of the world's biggest YouTube celebrities, MrBeast, through his Beast Philanthropy channel to deliver around $200,000 in school supplies and Sun-Maid snacks to four schools in epic fashion.
The snack brand and YouTube superstar surprised-and-delighted four underfunded schools in MrBeast's (Jimmy Donaldson) backyard of Greenville, North Carolina and Ehrenberg Elementary in the town of Quartzsite, AZ, one of the most under-funded schools in America.
In addition to delivering mountains of Sun-Maid Fruity Raisin Snacks and Yogurt-Covered Raisins (MrBeast's favorite!), the YouTube video features the brand partnership providing busloads of school supplies to ECU Community School and South Greenville Elementary, donating a brand-new STEM Lab at Wellcome Elementary, gifting $10,000 to a beloved lunch lady and giving away a brand-new car to a teacher at Falkland Elementary who has faced unlucky times.
"Sun-Maid thrives on fostering the imaginative spirit in kids, which starts by getting them the snacks and supplies they need to kick off the school year right. For us, we couldn't think of a better match than Beast Philanthropy and MrBeast – who are among the most innovative and charitable groups on YouTube," said Harry Overly, President & CEO of Sun-Maid Growers of California. "It's a privilege to give back and start this school year by serving students and communities in need, and in turn, encouraging to our kid-led Board of Imagination to think charitably through their efforts of service."
The partnership between Sun-Maid and Beast Philanthropy highlights 'kids helping kids,' a mantra brought to life through Sun-Maid's Board of Imagination. The program selects kids from throughout the country to sit on a board that meets quarterly to help make decisions for the company. Two of the 'board members' had the chance of a lifetime as they helped prepare gift bags directly with Donaldson for grateful and enthusiastic students during the video shoot.
"Sun-Maid provided tremendous support in making this come to life. They're a great partner that supports Beast Philanthropy's mission to make the world a better place," said MrBeast, Jimmy Donaldson. "The video is one of the most exciting Beast Philanthropy has pushed out and it's a bit emotional with all of the happy surprises!"
For more information on Sun-Maid's raisin snacks portfolio and to find a local retailer near you, please visit www.sunmaid.com
About Sun-Maid Growers of California
Founded in 1912, Sun-Maid Growers of California is a farmer's cooperative of 750 grower families with vineyards in California's Central Valley. From childhood to adulthood and generation to generation, Sun-Maid's innovative snacks continue to feed imaginations one little red box at a time--because when imagination is used for good, there's nothing more delicious! And while some things change, our real, minimally processed and consistently good ingredients haven't. Always starting with a whole fruit you can see and taste, Sun-Maid continues to offer a trusted go-to snack that's simple, healthy and versatile--imagine that! For more information about Sun-Maid visit www.sunmaid.com and follow the brand on social media including TikTok, Instagram and Twitter.
About Beast Philanthropy
In June 2017, when Jimmy Donaldson (AKA MrBeast) received his first YouTube sponsorship deal of $10,000, he wondered, "how can I transform this money into something good?" Not wanting to keep the money for himself, Jimmy agreed to the sponsorship deal with one condition: he was able to give away all of the money. The sponsor agreed. Jimmy stayed true to his word and gave away the full $10,000, but he quickly realized that handing someone an envelope of cash was not enough. This first giveaway ignited a flame within Jimmy, and every charitable act fueled his desire to help those in need. And with a goal of making the world a better place, the idea for Beast Philanthropy was born.
Beast Philanthropy exists to leverage the power of social media to offer hope, education, and inspiration to MrBeast's massive audience while raising funds to alleviate the suffering of the most vulnerable and marginalized populations across the planet.
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SOURCE Sun-Maid | https://www.wibw.com/prnewswire/2022/08/15/sun-maid-feeds-imaginations-with-youtube-icon-mrbeast-beast-philanthropy-back-to-school-video/ | 2022-08-15T12:53:15Z |
WASHINGTON (AP) — Nearly three months after she won confirmation to the Supreme Court, Ketanji Brown Jackson is officially becoming a justice.
Jackson, 51, will be sworn as the court’s 116th justice Thursday, just as the man she is replacing, Justice Stephen Breyer, retires.
The judicial pas de deux is set to take place at noon, the moment Breyer said in a letter to President Joe Biden on Wednesday that his retirement will take effect after nearly 28 years on the nation’s highest court.
The court is expected to issue its final opinions earlier Thursday in a momentous and rancorous term that included overturning Roe v. Wade’s guarantee of the right to an abortion. The remaining cases are a challenge to the Environmental Protection Agency’s ability to regulate climate-warming emissions from power plants, and Biden’s bid to end the Trump-era “remain in Mexico” asylum program.
In a ceremony the court said it will stream live on its website, Jackson will recite two oaths required of Supreme Court justices, one administered by Breyer and the other by Chief Justice John Roberts.
Jackson, a federal judge since 2013, will be the first Black woman to serve as a justice. She will be joining three women, Justices Sonia Sotomayor, Elena Kagan and Amy Coney Barrett — the first time four women will serve together on the nine-member court.
Biden nominated Jackson in February, a month after Breyer, 83, announced he would retire at the end of the court’s term, assuming his successor had been confirmed. Breyer’s earlier-than-usual announcement and the condition he attached was a recognition of the Democrats’ tenuous hold on the Senate in an era of hyper-partisanship, especially surrounding federal judgeships.
The Senate confirmed Jackson’s nomination in early April, by a 53-47 mostly party-line vote that included support from three Republicans.
She has been in a sort of judicial limbo ever since, remaining a judge on the federal appeals court in Washington, D.C., but not hearing any cases. Biden elevated her to that court from the district judgeship to which she was appointed by President Barack Obama.
Jackson will be able to begin work immediately, but the court will have just finished the bulk of its work until the fall, apart from emergency appeals that occasionally arise. That will give her time to settle in and familiarize herself with the roughly two dozen cases the court already has agreed to hear starting in October as well as hundreds of appeals that will pile up over the summer. | https://cw33.com/news/politics/ap-politics/high-court-noon-jackson-to-be-sworn-in-as-breyer-retires/ | 2022-06-30T17:39:05Z |
Winter Weather Advisory issued April 10 at 12:54PM MDT until April 12 at 6:00AM MDT by NWS Pocatello ID
* WHAT…Snow expected. Total snow accumulations of 2 to 8
inches. Winds gusting as high as 35 mph.
* WHERE…Sawtooth, Stanley, Galena, Galena Pass, Ketchum, Hailey,
Bellevue, Lost River Range, Copper Basin, Tom Cat Summit,
Craters of the Moon, and Picabo.
* WHEN…From 6 AM Monday to 6 AM MDT Tuesday.
* IMPACTS…Plan on slippery road conditions. Near white out
conditions with frontal passage in afternoon. The hazardous
conditions will likely impact the morning or evening commute.
Slow down and use caution while traveling.
The latest road conditions can be obtained by calling 5 1 1. | https://localnews8.com/weather/alerts-weather/2022/04/10/winter-weather-advisory-issued-april-10-at-1254pm-mdt-until-april-12-at-600am-mdt-by-nws-pocatello-id/ | 2022-04-10T19:59:53Z |
Enjoy Huge Savings on InstaView Refrigerators and Ranges Plus Top-Rated Laundry Innovations and More.
ENGLEWOOD CLIFFS, N.J., Aug. 25, 2022 /PRNewswire/ -- Get ready for the fall season with big savings during LG's Labor Day promotion. LG Electronics USA is offering deals on kitchen and laundry appliances – including savings up to $800 on select refrigerators and laundry models – through Sept. 14 at participating retailers nationwide and LG.com.1 Plus, bundle four or more eligible LG kitchen, laundry, vacuum or air care products and save an additional 10 percent.2
Get Ready for Fall Gatherings with Savings on Top LG Kitchen Appliances
Shoppers can prepare for the back-to-school season, fall cooking and entertaining by upgrading their kitchens with LG's innovative, smart appliances including ENERGY STAR® certified refrigerators, dishwashers, ranges and more.
- LG InstaView® refrigerators with Craft Ice™ are the perfect solution for maximizing capacity and entertaining in style.
- Available in different configurations and finishes, shoppers can choose their favorite – like one of the largest capacity French Door refrigerators on the market (LRMVS3006D; LRMVS3006S).
- Enjoy 30 cu. ft. of capacity, a convenient Full-Convert™ Drawer – now with five temperature settings to fit your family's needs – and ice three ways including cubed, crushed and LG's exclusive, slow-melting Craft Ice for $3,899 (a savings of up to $800).
- Save up to $700 on the sleek Counter-Depth refrigerator (LRFXC2416D; LRFXC2416S) with 24 cu. ft. of capacity, Craft Ice™ and Wi-Fi-enabled smart features for only $3,199.
Shoppers who purchase an eligible LG Refrigerator can also score a bonus LG compact refrigerator or freezer with LG's Buy One, Get One offer at participating retailers through Sept. 14.3 This offer can be combined with the appliance bundle rebate for the ultimate in savings, plus fill your new fridge with a $200 Visa® gift card with the purchase of an eligible LG refrigerator through Nov. 30.4
LG is also offering deals on cooking appliances with savings up to $600 on the Smart Wi-Fi Enabled InstaView Ranges (LSGL6337F; LSEL6337F), packed with innovative features such as a built-in Air Fry, Air Sous Vide and ProBake Convection® to make cooking easy and enjoyable this fall. For effortless kitchen cleanup, snag a Front Control dishwasher (LDFN4542D; LDFN4542S) with QuadWash™ technology, sanitizing TrueSteam®5, water-spot reducing Dynamic Dry™ and an easily adjustable third rack for with savings of up to $200.
Upgrade Your Laundry Room with Popular Feature-Packed Washers and Dryers
Consumers can bring home unbeatable savings on ENERGY STAR® certified LG washers. Choose from top-load and front-load models with advanced cleaning and fabric sanitization features—including steam washers that are CERTIFIED asthma and allergy friendly® by the Asthma and Allergy Foundation of America to eliminate virtually allergens.
- Save time with TurboWash front-load washers that deliver a complete clean, even for big loads in under 30 minutes.6 Score the WM4500HBA and matching electric dryer each for $1099 ($1,000 in combined savings).
- Revolutionize your laundry game with LG's new vertical laundry solution, LG WashTower (WKEX200HBA), featuring a full-size dryer above a washer in a sleek single unit design for $1,899 (savings of $800).
- Save up to $400 on LG Styler – a first-of-its-kind steam clothing care system that uses the gentle power of steam (no chemicals) to refresh and sanitize fabrics, including jackets, clothing, bags, pillows and even stuffed animals.
Enjoy Peace of Mind LG ThinQ Care
Shoppers can spend with peace of mind when they upgrade to LG smart appliances featuring LG ThinQ Care – the industry-first personalized customer support tool that provides customized maintenance tips and monthly usage reports to help keep kitchen and laundry appliances performing their best, along with alerts that warn of potential issues before they arise.
To shop all of LG's 2022 Labor Day savings, visit www.lg.com/us/promotions.
About LG Electronics USA
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $63 billion global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, energy solutions and vehicle components. LG is 2022 ENERGY STAR® Partner of the Year-Sustained Excellence. The company's commitment to environmental sustainability and its "Life's Good" marketing theme encompass how LG is dedicated to people's happiness by exceeding expectations today and tomorrow. www.LG.com.
Media Contacts:
LG Electronics USA
JL Lavina
jl.lavina@lge.com
917 386 4213
Devyn Doyle
Devyn.Doyle@lg-one.com
770 653 7239
1 Select models only. Prices, promotions and availability may vary by store and online. Prices subject to change without notice. Terms and Conditions apply. Details available at www.lg.com/us/promotions.
2 10% will apply to the total invoice price of 4 or more eligible LG Kitchen, Laundry, Vacuum, Air Care and LG Styler® products before taxes. Terms and conditions apply. See retailer for details. Subject to availability.
3Visa® Prepaid card issue by The Bacorp Bank®, N.A., Member FDIC. Terms and expirations apply – see rebate form for details. Subject to availability. Local and state taxes apply. Online submissions must be received by 11:59 PM Pacific Time on October 14, 2022. Consumers may submit their claim to LG Electronics USA online at: www.LG-Promos.com/BOGO0722.
4 Get a digital or physical Visa® Prepaid Card worth up to $200.00 when you buy groceries after purchasing an eligible LG Refrigerator in a single purchase between August 25, 2022 and November 30, 2022 (the "Program Period"). This offer is subject to availability. The maximum number of products of the same category allowed to qualify for rebate is one (1).
5LG TrueSteam Dishwashers certified by the National Sanitization Foundation achieve a minimum 99.999 percent reduction of bacteria when operated on the Steam cycle.
6Based on independent testing in normal cycle with TurboWash™ option, 10 lb. load (June 2020).
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SOURCE LG Electronics USA | https://www.kxii.com/prnewswire/2022/08/25/lg-celebrates-labor-day-with-major-end-of-summer-deals/ | 2022-08-25T15:57:06Z |
ARLINGTON, Va., Sept. 13, 2022 /PRNewswire/ -- Bloomberg Tax today released its 2023 Projected U.S. Tax Rates, which forecasts that inflation adjusted amounts in the tax code will increase by roughly 7.1% from 2022, more than double last year's increase of 3%. Bloomberg Tax also projects that several key deductions for taxpayers will see notable year-over-year increases, with the foreign earned income exclusion increasing to $120,000 from $112,000 and the annual exclusion for gifts increasing to $17,000 from $16,000, thereby allowing taxpayers to increase their gifts without tax implications.
Issued annually, Bloomberg Tax's Projected U.S. Tax Rates Report provides early, accurate notice of the potential tax savings that could be realized due to increases in deduction limitations, upward adjustments to tax brackets, and increases to numerous other key thresholds. The full report is available at http://onb-tax.com/xuQh50KHZ18.
"We predict that inflation-adjusted amounts in the tax code will increase significantly in 2023 compared to prior years due to the economic environment," said Heather Rothman, Vice President, Analysis & Content, Bloomberg Tax. "Taxpayers and advisors can use our projections to begin their 2023 tax planning before the IRS publishes the official 2023 inflation-adjusted amounts later this year."
The report also accounts for changes made under the recently enacted Inflation Reduction Act, including the increase in the §179D deduction for energy efficient commercial building property if new wage and apprenticeship requirements are met, which may entice a more sophisticated type of worker for companies using this tax incentive.
Other key adjustments, with comparisons of the 2022 amounts and 2023 projections, include:
Individual Income Tax Rate Brackets
Standard Deduction
Alternative Minimum Tax (AMT)
The 2023 Projected U.S. Tax Rates report is based on changes to the Chained Consumer Price Index for All Urban Consumers, which were published today by the U.S. Bureau of Labor Statistics.
About Bloomberg Tax & Accounting
Bloomberg Tax & Accounting provides practitioner-driven research and technology solutions that deliver timely, strategic insights to enable smarter decisions. From our unparalleled Tax Management Portfolios to technology designed to streamline the most complex planning and compliance scenarios, we deliver essential news and analysis, practical perspectives, and software that help tax and accounting professionals around the globe mitigate risk and maximize business results. For more information, visit Bloomberg Tax.
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SOURCE Bloomberg Tax & Accounting | https://www.kxii.com/prnewswire/2022/09/13/high-inflation-spurs-most-significant-tax-code-increases-nearly-40-years/ | 2022-09-13T17:12:47Z |
NEW YORK, June 29, 2022 /PRNewswire/ -- We have cut our 2022 growth forecasts for most large economies, outlined in a report we published today, "Global Economic Outlook Q3 2022: Rates Shock Puts The Economy On A Slower Path."
China has had the biggest downward revision. The country's economy will likely expand 3.3% this year, a 0.9 percentage point drop from our growth assumption in May. We attribute this low growth to the effects of COVID-lockdowns.
Economic momentum should protect the U.S. economy from recession in 2022. But the weight of extremely high prices is damaging purchasing power and, as aggressive Federal Reserve policy increases borrowing costs, it's hard to see the economy walking out of 2023 unscathed.
We have lowered our GDP growth forecasts modestly for the eurozone economy, largely on heightened inflation expectations.
"Things have changed, and not for the better," said S&P Global Chief Economist Paul Gruenwald. "The main twist has been the about-face in the inflation narrative. With the wisdom of hindsight, we now see that central banks waited too long to raise rates, putting too much weight on supply-side explanations, or putting too much weight on labor market outcomes, or both."
This report does not constitute a rating action.
S&P Global Ratings is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spglobal.com/ratings.
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SOURCE S&P Global | https://www.wibw.com/prnewswire/2022/06/29/rates-shock-puts-global-economy-slower-path-says-report/ | 2022-06-29T18:12:54Z |
76ers’ Thybulle not fully vaccinated, can’t play in Toronto
By DAN GELSTON
AP Sports Writer
PHILADELPHIA (AP) — Philadelphia 76ers forward Matisse Thybulle is not fully vaccinated against COVID-19 and barred from Canada because unvaccinated foreign nationals are currently prohibited from entering the country. He will be ineligible to play for the Sixers in at least two games of their first-round Eastern Conference playoff series against the Toronto Raptors. Limited exemptions to the rule no longer apply to professional athletes. Thybulle says he was raised in a holistic household and only received one shot. | https://localnews8.com/sports/ap-national-sports/2022/04/10/76ers-thybulle-not-fully-vaccinated-cant-play-in-toronto/ | 2022-04-11T06:47:18Z |
SAN DIEGO, April 1, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced that Glen Donovan, currently vice president of development for Sempra Infrastructure's LNG and net-zero solutions business, has been appointed vice president of investor relations for Sempra. Manuela "Nelly" Molina, Sempra's current vice president of investor relations, has been named vice president of audit services effective April 2, 2022.
"Glen's leadership experience across the Sempra family of companies and contributions to sustainable development at our infrastructure business make him a key asset as he returns to take on a critical leadership role at Sempra," said Trevor Mihalik, executive vice president and chief financial officer of Sempra. "In his new role as vice president of investor relations, Glen will help shape how we highlight Sempra's growth and business story to our shareholders to further demonstrate our commitment to a sustainable future."
As vice president of development at Sempra Infrastructure, Donovan oversaw the development of LNG and net-zero opportunities, including exploring existing infrastructure for clean hydrogen production. Donovan previously served as vice president of finance and vice president of project development and structuring for Sempra LNG and held various positions of increasing responsibility at Sempra Renewables, including vice president of business development. In these roles, he was responsible for renewable project finance, mergers and acquisitions, asset management and renewable contract origination.
At Sempra, Donovan has held several corporate finance roles, including director of investor relations, and oversaw the company's planning and analysis functions.
Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have 20,000 talented employees who deliver energy with purpose to nearly 40 million consumers. With more than $72 billion in total assets at the end of 2021, the San Diego-based company is the owner of one of the largest energy networks in North America helping some of the world's leading economies move to cleaner sources of energy. The company is helping to advance the global energy transition through electrification and decarbonization in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture focused on safety, workforce development and training, and diversity and inclusion. Sempra is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at www.sempra.com and on Twitter @Sempra.
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SOURCE Sempra | https://www.mysuncoast.com/prnewswire/2022/04/01/glen-donovan-appointed-vice-president-investor-relations-sempra/ | 2022-04-01T11:26:48Z |
Wichita police ask for help in search for mother, 2-year-old son
Published: Apr. 1, 2022 at 10:49 PM CDT|Updated: 12 hours ago
WICHITA, Kan. (KWCH) - The Wichita Police Department asks for the public’s help in the search for a missing 23-year-old woman and her two-year-old son.
Police said Niisha Gilbert and her son, Zachariah were last seen about 4:40 p.m. Friday, April 1, when Niisha picked her son up from daycare. They’re believed to be traveling in a gray 2000 Mitsubishi Galant with tag: 016PXP.
“If you see Niisha or Zachariah or you know where they are, please call 911,” police say.
Copyright 2022 KWCH. All rights reserved. | https://www.wibw.com/2022/04/02/wichita-police-ask-help-search-mother-2-year-old-son/ | 2022-04-02T16:35:39Z |
OMAHA, Neb., Aug. 8, 2022 /PRNewswire/ -- Kutak Rock announces today that it has earned accreditation for its information security capabilities by the Association of Corporate Counsel's (ACC) Data Steward Program. This accreditation follows the firm's ISO 27001 Information Security Management System certification 2019 announcement and 2022 renewal, further demonstrating its commitment to meet and exceed current and prospective clients' information security expectations and requirements. ACC accreditation requires independent validation of a firm's security self-assessment, and for in-house counsel this added assurance inspires a high degree of trust and can eliminate the need for compliance audits.
The ACC Data Steward Program is designed to assess, benchmark, and accredit law firms on their information security capabilities, utilizing industry-standard information security controls specifically selected for client data security at law firms. In an innovative assess-once/leverage-many model, law firms' security capabilities are evaluated and made available to clients on an always-up-to-date platform, doing away with client-managed annual security reporting and evaluation. The ACC Data Steward Program aims to save both in-house teams and law firms tremendous time and resources over current questionnaire/spreadsheet processes.
Elise Dieterich, Kutak Rock's internal Information Security & Privacy Counsel, remarks, "ACC's Data Steward Program solves a significant point of pressure for law firms and in-house counsel alike. For our firm, the opportunity to complete a single, comprehensive data security assessment, validated by an independent auditor, and share it with current and prospective clients at no charge to them takes the burden off the client to conduct its own assessment, as well as freeing up our IT resources for proactive security measures. Becoming ACC Accredited assures our clients and prospective clients their data is safe with us."
The ACC Data Steward Program is free for in-house counsel and information security professionals, including those who are not currently ACC members. They can request a link directly from Kutak Rock granting access to the firm's security score and validated results, or they can register with the Data Steward Program and gain access to a single or multiple law firms' information.
The Association of Corporate Counsel (ACC) is a global legal association that promotes the common professional and business interests of in-house counsel who work for corporations, associations, and other organizations through information, education, networking, and advocacy. For more information about the Data Steward Program, see www.accdatasteward.com
With a footprint spanning 19 offices in 14 states and the District of Columbia, Kutak Rock's 550+ attorneys work seamlessly to provide clients excellent, responsive legal services. The firm's multidisciplinary practice comprises more than 25 areas of focus and dozens of discrete specialties. For more information, see www.KutakRock.com
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SOURCE Kutak Rock LLP | https://www.wibw.com/prnewswire/2022/08/08/kutak-rock-earns-acc-data-steward-program-accreditation/ | 2022-08-08T16:54:17Z |
May primary is Tuesday. Polls open 6:30 a.m.
Stark County voters are heading to the polls Tuesday to select primary nominees for governor and Congress, along with deciding several local issues.
Polls open at 6:30 a.m. and close at 7:30 p.m. You must have been registered by April 4 to be eligible to vote. The last day of early in-person voting at the Stark County Board of Elections, which started April 5, is 8 a.m. to 2 p.m. today.
You can confirm your registration and voting precinct and find out where your polling location is at the Ohio Secretary of State's VoteOhio.gov site. You have the choice of voting on a Democratic ballot, a Republican ballot or an issues-only ballot with no candidates.
To see which candidates and issues are on each of those ballots, you can access the Stark County Board of Elections' "Show Me My Ballot" feature.
The deadline to request a mail-in ballot was Saturday. The deadline to mail your absentee ballot to the Stark County Board of Elections and get a postmark that's not from a business postal meter machine is today. The Board of Elections must receive the ballot in the mail by May 13.
You also have until 7:30 p.m. Tuesday to turn in your ballot in person and that of a close family member at the Board of Elections.
Two polling locations changed
Two polling locations have changed. Canton Ward 4 voters who voted at Antioch Baptist Church at 1844 Turpin Way NE will now vote more than a mile away at JRC Harbor High School at 1731 Grace Ave. NE. The board staff say the Antioch church put its building up for sale.
Perry Township voters who voted at Trinity United Methodist Church at 3757 Lincoln Way E will now vote at the Perry Township police station community center more than a half mile away at 622 Genoa Ave. SW. The board staff said the church had entrances that were too narrow to fit the cages used to transport the new voting machines.
Travis Secrest, an administrative assistant for the Stark County Board of Elections, urged voters to be careful not to prematurely pull out their plastic card out of the new Dominion touchscreen Imagecast X machines. He said during the November 2021 elections, a few dozen voters pulled out the card before tapping "Cast ballot," and then left the polling location, resulting in their votes not counting.
He said the prior TSX touchscreen machines did not allow voters to pull out the cards too soon.
Proposed tax hikes
Outside of statewide party contests, Marlington Local School District voters will decide the fate of a proposed 7.6-mill additional five-year levy that school officials say would generate $4 million more a year to stave off deep budget cuts. In the adjoining Alliance City School District, voters will decide whether to approve a proposed permanent additional 2.7-mill levy that would raise $842,201 a year.
There also are issues in Lawrence Township, Pike Township, Tuscarawas Township, Beach City, Washington Township, Tuscarawas Valley School District and Sandy Creek Joint Fire District.
For more details or a complete list of candidates, go to: https://starkcountyohio.gov/government/offices/board_of_elections.
Reach Robert at robert.wang@cantonrep.com. Twitter: @rwangREP. | https://www.cantonrep.com/story/news/2022/05/02/whats-your-ballot-and-how-make-sure-your-vote-counts/9585353002/ | 2022-05-02T11:44:10Z |
Makers of the RuffRest break barriers with a first-to-market pet bed that packs like a suitcase, carries like a duffel, and comes complete with a built-in sleeping bag, among other exciting features
CAMPBELL, Calif., April 11, 2022 /PRNewswire/ -- Today, Timberdog® unveils its flagship product, RuffRest®, on National Pet Day. With 14 travel features, the RuffRest is a patent-pending sleep and travel system that replaces the traditional pet bed at home and on the road.
RuffRest Can Do Anything and Go Anywhere
The RuffRest Ultimate Pet Bed™, created by Timberdog founder Leena Chitnis, opens up and is easy to pack for road trips, camping, flights, hotels, and everywhere else you go with your furry friend. For minimalists and adventurers, every feature is neatly tucked away until needed, while serving dual functions. The bolster, for example, houses the sleeping bag, while the shoulder strap doubles as a reflective leash. Meanwhile, the brightly-visible accents are loops for carabiners, while the decorative trim serves as a zipper hood to keep pets safe from zippers. With high-density memory foam, the RuffRest is many times thicker than average travel pet beds, while remaining compact and sleek. Its military-grade nylon and YKK zippers also ensure a lifetime of durability.
"The RuffRest was created when I realized that my dog didn't have any solid outdoor gear," said Leena. "Like many other people, I consider my dog, Kashi, to be like a daughter. I take her everywhere and needed a multifunctional and practical bed for her when we traveled. I didn't like carrying her bulky items piecemeal and found it expensive to source items one by one. I also didn't like rifling through bags to find her things, so I built an organizer. I incorporated all of the features I needed into one pet bed."
RuffRest Gives Pet Owners Peace of Mind
Timberdog was founded four years ago as a passion project for Leena between copywriting roles in Silicon Valley, and became especially relevant when she learned that people found traveling with pets to be difficult. She was surprised that many pet owners boarded their pets and wanted to encourage people to travel with them instead. Founding Timberdog thus became a mission to develop products that made getting around with pets easy, including making packing for pets a lot easier. To complement the RuffRest, she will debut more "double duty" inventions later this year.
Karen Steele, Chief Marketing Officer at Lean Data, said, "The RuffRest is a game changer for anyone who takes pets on vacation." Her nephew, Sean MacIntosh, an avid outdoor enthusiast and member of the early-days stress testing team added, "It's an absolute upgrade from any dog bed I've ever owned."
Ahead of 2022's travel season, the RuffRest will appeal to families hungry for post-Covid travel, while speaking to scores of new pet parents who emptied out animal shelters in record-breaking numbers during the pandemic. For a limited time, customers can receive 10% off if they subscribe to the newsletter on www.timberdog.com.
Timberdog®
Located in Campbell, California,Timberdog® creates innovative and exciting items for pets not found anywhere else. With environmental stewardship at the top of their values, they plan to become a B Corp, so that pets can continue to enjoy the great outdoors. To learn more about Timberdog's carbon negative initiative, check out Trees 'n' Tails.
Connect to Timberdog:
Facebook
Instagram
LinkedIn
Twitter
YouTube
TikTok
PR Contact:
Mary Devincenzi
Phone: 408.761.4285
Email: mary@steele-alloy.com
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SOURCE Timberdog | https://www.kxii.com/prnewswire/2022/04/11/timberdog-makes-traveling-with-pets-walk-park/ | 2022-04-11T17:51:51Z |
SAN DIEGO, Aug. 29, 2022 /PRNewswire/ -- Cue Health Inc. (Nasdaq: HLTH), a healthcare technology company that puts diagnostic information at the center of care, today announced the nationwide launch of Cue Care™, its same-day, at-home, test-to-treatment solution. Patients in any of the 50 states who test positive using Cue's COVID-19 tests can now use the Cue Health App to:
- Consult virtually and on-demand with a healthcare professional about their test result;
- Obtain an e-prescription - if medically indicated - for a medication to treat the virus; and
- Get the medication delivered - usually within hours* - conveniently and safely at home or the medication will be made available for pickup at their local pharmacy.
Within a few weeks, Cue Health anticipates expanding this new service to patients who test positive on any COVID-19 test, including at-home antigen tests. The Cue Care antiviral delivery service costs between $79 and $99 and includes a televisit with a healthcare professional and delivery of a medication, the cost of which is currently covered by the U.S. Department of Health and Human Services (HHS). According to HHS, early COVID-19 treatment can help improve patient outcomes, reduce hospitalization, and even save lives.
"Early diagnosis and treatment have shown to lead to better health outcomes, which is why we're proud to deliver timely testing and treatment all within the Cue Health App," said Ayub Khattak, Chairman and CEO of Cue Health. "Cue Care meets the need today for convenient delivery of COVID-19 treatment, and this capability will support our expanding pipeline of future diagnostics tests."
Current and future testing capabilities
While Cue Care is for COVID-19 patients today, it is expected to apply to a wide range of diagnostic tests in Cue's pipeline, particularly those for which specific treatments are available. For example, if an individual tests positive for flu, they will be able to use Cue Care to connect with a healthcare professional and, if eligible, get an antiviral for flu delivered to them on the same day, all within the Cue Health App. Cue Care is expected to handle other respiratory infections, such as strep throat and respiratory syncytial virus (RSV), as well as sexually transmitted infections, such as chlamydia and gonorrhea.
Cue has the most accurate at-home COVID-19 test**, delivering results in 20 minutes to connected mobile devices. It detects all known COVID-19 variants of concern in people with or without symptoms. Cue is used in homes, in point-of-care settings, and by world-class organizations across the country, including Johns Hopkins Medicine, Mayo Clinic, Google, the National Basketball Association, and Major League Baseball, among many others.
* Antiviral medications prescribed by independent healthcare professionals through Cue Care are subject to availability and patient eligibility. Cue Health Inc. is not affiliated with any pharmaceutical manufacturer.
** #1 accuracy claim based on comparison of clinical study results submitted to the U.S. Food and Drug Administration (FDA) for Emergency Use Authorization for Cue and other molecular home tests.
About Cue Health
Cue Health (Nasdaq: HLTH) is a healthcare technology company that makes it easier for individuals to access health information and places diagnostic information at the center of care. Cue Health enables people to manage their health through real-time, actionable, and connected health information, offering individuals and their healthcare providers easy access to lab-quality diagnostics anywhere, anytime, in a device that fits in the palm of the hand. Cue Health's first-of-its-kind COVID-19 test was the first FDA-authorized molecular diagnostic test for at-home and over-the-counter use without a prescription and physician supervision. Outside the United States, Cue Health has received the CE mark in the European Union, Interim Order authorization from Health Canada, regulatory approval from India's Central Drugs Standard Control Organization, and PSAR authorization from Singapore's Health Sciences Authority. Cue was founded in 2010 and is headquartered in San Diego. For more information, please visit www.cuehealth.com.
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements". The words, without limitation, "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these or similar identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including those related to the expected future diagnostic test menu and the factors discussed in the "Risk Factors" section of Cue's Annual Report on Form 10-K for the year ended December 31, 2021 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 filed with the SEC on August 10, 2022. Any forward-looking statements contained in this press release are based on the current expectations of Cue's management team and speak only as of the date hereof, and Cue specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Cue's COVID-19 tests have not been FDA cleared or approved; but have been authorized by FDA and under an Emergency Use Authorization (EUA). These products have been authorized only for the detection of nucleic acid from SARS-CoV-2, not for any other viruses or pathogens. The emergency use of these products is only authorized for the duration of the declaration that circumstances exist justifying the authorization of emergency use of in vitro diagnostics for detection and/or diagnosis of COVID-19 under Section 564(b)(1) of the Federal Food, Drug and Cosmetic Act, 21 U.S.C. § 360bbb-3(b)(1), unless the declaration is terminated or authorization is revoked sooner.
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SOURCE Cue Health Inc. | https://www.kxii.com/prnewswire/2022/08/29/cue-health-launches-cue-care-nationwide-provide-same-day-at-home-test-to-treatment-service-covid-19/ | 2022-08-29T14:28:35Z |
INDIAN HARBOUR BEACH, Fla., August 8, 2022 /PRNewswire/ -- NewSat a leading Command, Control, Communications, Cyber, Intelligence, Surveillance and Reconnaissance (C5ISR) provider, announced today they have been awarded a Second Global Tactical Advanced Communication Systems II (GTACS II) Task Order (TO) by U.S. Army Contracting Command – Aberdeen Proving Ground (ACC-APG) on behalf of Project Manager Tactical Radios under Program Executive Office Command Control Communications Tactical (PEO-C3T).
Under this $18 million dollar TO, NewSat and Subcontractor, Ace Electronic Defense Systems, will fabricate installation kits for the integration of tactical radios on a wide range of Army platforms.
"NewSat has supported several logistics programs for the US Army and we are eager to deliver high-quality installation kits to enhance our troops' capabilities", said Justin Filler, CEO of NewSat. "This new award with our partner Ace Electronic Defense Systems highlights our customer's trust in delivering large amounts of critical communication equipment during unprecedented times."
NewSat North America, LLC is a privately held, end-to-end communications company. Based in Indian Harbour Beach, Florida, NewSat North America provides Command, Control, Communications, Computers, Cyber Intelligence, Surveillance and Reconnaissance (C5ISR) systems and services primarily to United States (US) Department of Defense (DoD) and other Federal customers.
Ace Electronics Defense Systems specializes in manufacturing custom cable assemblies and electronics. Ace is 100% committed to meeting the specialized requirements for our customers to exceed all expectations. Also, our state-of-the-art manufacturing facilities support rapid prototyping, full-scale production runs, and are equipped with the latest manufacturing and test equipment, as well as injection molding machines. We not only pride ourselves on setting high-quality standards but in achieving them as well; thus, we are proud to say that we are an AS9100D certified company.
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SOURCE NewSat North America | https://www.kxii.com/prnewswire/2022/08/08/newsat-north-america-llc-newsat-awarded-second-us-army-gtacs-ii-task-order/ | 2022-08-08T12:38:22Z |
Summer outlook: Most of US will see above-average temperatures as Western drought continues
By Tom Sater and Taylor Ward, CNN Meteorologists
The National Oceanic and Atmospheric Administration’s forecast for summer calls for a whole lot of heat without much rain to provide relief.
Nearly the entire contiguous US is expected to have above-normal temperatures this summer, which runs from June through August, according to Thursday’s Climate Prediction Center’s outlook. The combination of hotter weather and below-average rainfall is expected to fuel the megadrought that covers much of the West.
The chance for above-normal temperatures will continue to be an issue from the Inter-Mountain West to the Southern Plains, with an emphasis on the Desert Southwest. Many “above” readings are expected again from southern Colorado into west Texas and encompassing the entire state of New Mexico.
Unfortunately, the outlook for precipitation remains low across the west as well, with the lowest chances of rainfall from central Wyoming into northern Texas. The only area with above-average precipitation probabilities is found along the Gulf coastal region and Florida.
The drought worsens and there is no relief in sight
Just when you think the drought can’t get any worse, it does. Thursday’s release of the US Drought Monitor reports our drought intensifying and expanding in the past week.
“Drought or abnormal dryness expanded or intensified where it continued dry, especially in the Southwest,” according to the Drought Monitor. “Little to no precipitation occurred across the southern states in the West region, from California to New Mexico,” the drought summary said.
In California, exceptional drought, the highest designation of conditions, was introduced this week for the first time since the first week of January. While exceptional drought covered up to 50% of the state at times last year, an abnormally wet December erased the worst drought in the state. But a record dry start to the year through April has once again left California facing worsening drought as the dry season sets in.
NOAA’s 90-day forecast shows the greatest concern as the mercury is expected to soar and 95% of the US expects above-average summer temperatures.
With the West in the grip of a megadrought that is creeping eastward, the above average temperatures provide no relief. Not only will the Inter-Mountain West to the Western Plains see relenting heat, but the New England region in the northeast will also be sweltering.
The 90-day precipitation outlook calls for below normal chances of rain extending from the Pacific Northwest, Northern Plains and again into the Southern Plains.
Some relief is possible if the seasonal monsoon rains can creep into the forecast in the desert Southwest. Typically, the summer monsoon rains reach their peak July and into August. Above-average rainfall chances are also in the cards for the northeast down through the southeastern states. The current La Nina pattern elevates the possibility of tropical storm and hurricane development — therefore a greater chance of rain in this region.
The wildfires rage on and power cuts are likely
With higher than average temperature expected to continue and extremely limited soil moisture, the wildfire threat is sure to continue.
Exceptional drought expanded significantly in New Mexico and West Texas, including over the Hermits Peak/Calf Canyon fire footprint in northern New Mexico that has burned more than 300,000 acres and is the largest fire in modern state history, according to the Drought Monitor.
With a forecast of extreme temperatures and a drought putting stress on the ability to produce hydro-electric power in many areas, the need for power cuts may be coming to a town near you.
A shortfall is when there is not enough power being generated to meet demand.
Forced power outages, also known as rolling blackouts, are initiated during these situations — which is what millions of Americans run the risk of seeing this summer to prevent long term damage to the grid.
The-CNN-Wire
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CNN’s Brandon Miller and Monica Garrett contributed to this report. | https://localnews8.com/news/2022/05/19/summer-outlook-most-of-us-will-see-above-average-temperatures-as-western-drought-continues/ | 2022-05-20T01:11:22Z |
Brand famously 'Loved by 3 U.S. Presidents' unveils ultra-premium bedding line featuring the world's rarest materials—again establishing a higher standard of luxury for the home goods category.
SUMMIT, N.J., Aug. 15, 2022 /PRNewswire/ -- Today, Boll & Branch introduced its Reserve Collection, creating yet another tipping point in the long-stagnant home goods industry. With Reserve, Boll & Branch has created a line of products that are the pinnacle of luxury, designed for the most discerning customers to meet the highest standards of ethics and sustainability.
Since its launch in 2014, Boll & Branch has revolutionized home textiles, counting millions of Americans and 3 U.S. Presidents as its customers. Boll & Branch broke conventions in the textile industry when it utilized 100% organic cotton for its Signature Collection, becoming the world's first bedding company to be Fair Trade USA™ Certified.
"In 2014, Boll & Branch disrupted the textile industry by making bedding products in a radically different, radically better way," said Scott Tannen, Founder and CEO. "With Reserve, we've effectively disrupted ourselves while pushing the industry to new heights. We've created a line of products superior to any other in the market, at any price point, and have done so with great care for the environment and the livelihoods of the women and men who proudly make each item."
The journey to Reserve started with the search for the highest quality 100% organic cotton on earth. While less than 1% of the world's cotton meets Boll & Branch standards, less than 0.04% meets Reserve's. The Reserve Collection further redefines ethical luxury and upsets the status quo by investing in the most premium materials and processes, all to create the most extraordinary experience. It's these standards that inspired Founder and Chief Designer Missy Tannen to find new limits for Boll & Branch fabrics.
"With our new Reserve Collection, I made it my goal to create the finest of everything by using the longest-staple organic cotton, the slowest time-honored traditions, and the very best manufacturing practices," said Missy Tannen. "One of the nine finishing steps that make our Reserve fabric exceptional is that every thread is finished in flame. This provides a natural glaze for a silky soft texture and liquid drape. Then we go further, incorporating beautiful couture details on every Reserve design. All of these steps make this collection truly unlike any other."
The Reserve Collection includes:
Reserve Sheet Sets & Duvet Sets made of the rarest, longest staple 100% organic cotton. It takes 25% longer than conventional mill time to spin the yarn for this special fabric.
Reserve Lattice Jacquard Sheet Set & Duvet Set made with our incredible Reserve threads and woven on a special loom in a distinctive hi-low lattice motif.
Reserve Lattice Quilt Set made of small-batch Reserve fabric, stitched in a lattice motif and finished with a bound and piped hem.
Reserve Cotton Bed Blanket made of the rarest 100% organic cotton whose yarns are micro combed for singular softness and luster, then woven in a lattice pattern.
Reserve Alpaca Lattice Throw Blanket & Decorative Pillow made of the highest grade baby alpaca wool that is 100% traceable, and woven with a lattice motif in oversized proportions.
The Reserve Collection arrives August 15, 2022 for pre-order, and officially launches August 29, 2022. Each style is made in small batches, and there are strict limits on the number of items each customer is allowed to purchase at one time. Sheet Sets begin at $458. Exclusively available at bollandbranch.com and Boll & Branch stores in Short Hills, NJ, Greenwich, CT, and Boca Raton, FL.
Learn more at bollandbranch.com/reserve.
Boll & Branch is a leading designer and retailer of luxury home textiles, and the only bedding company managed from the source. All products such as sheet sets, towels, and blankets are expertly crafted from the finest sustainable materials, 100% traceable, and made free from toxins – guaranteeing a softer, more luxurious product. This steadfast commitment to bring sustainable business practices to the luxury home sector disrupted the industry for good. Boll & Branch has improved the livelihoods of thousands of textile workers around the world by investing in premiums paid directly to workers, and mandating fair wages and business practices. The company has become one of the largest e-commerce-first luxury home brands ever, and counts millions of Americans, including U.S. Presidents and countless celebrities, as its customers.
For Press Inquiries, please contact:
Small Girls PR
bollandbranch@smallgirlspr.com
Danielle Sih
press@bollandbranch.com
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SOURCE Boll & Branch | https://www.mysuncoast.com/prnewswire/2022/08/15/boll-amp-branch-disrupts-bedding-industry-once-again-with-new-reserve-collection/ | 2022-08-15T17:24:48Z |
NEW YORK , July 9, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Unilever PLC (NYSE: UL) between September 2, 2020 and July 21, 2021, both dates inclusive (the "Class Period"), of the important August 15, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Unilever securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Unilever class action, go to https://rosenlegal.com/submit-form/?case_id=7063 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 15, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that in July 2020, Ben & Jerry's board passed a resolution to end sales of its ice cream in "Occupied Palestinian Territory" as well as the risks attendant to the board's decision. Additionally, Unilever's s description of its legal risks was materially false and misleading because Unilever acknowledged that complying with all applicable laws and regulations was important but omitted discussing Ben & Jerry's boycott decision, which risked adverse governmental actions for violations of laws, executive orders, or resolutions aimed at discouraging boycotts, divestment, and sanctions of Israel adopted by 35 U.S. states ("Anti-BDS Legislation").
On July 19, 2021, Unilever and its hand-picked Ben & Jerry's CEO, finally "operationalized" the Ben & Jerry's board's resolution to boycott. Ben & Jerry's announced on its website and through its Twitter account that, upon the expiration of the current licensing agreement by which its products had been distributed in Israel for decades, Ben & Jerry's would end sales of its ice cream in "Occupied Palestinian Territory" but Ben & Jerry's would purportedly continue to sell its products in Israel.
Ultimately, the states of New York, New Jersey, Florida, Texas, Illinois, Colorado, and Arizona announced decisions to divest their pension fund investments in Unilever due to violations of their Anti-BDS Legislation.
When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Unilever class action, go to https://rosenlegal.com/submit-form/?case_id=7063 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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SOURCE Rosen Law Firm, P.A. | https://www.kxii.com/prnewswire/2022/07/09/rosen-leading-investor-counsel-encourages-unilever-plc-investors-with-losses-excess-100k-secure-counsel-before-important-deadline-securities-class-action-ul/ | 2022-07-09T17:39:10Z |
Martínez nets 2 as Inter beats Milan 3-0 to reach cup final
By DANIELLA MATAR
AP Sports Writer
MILAN (AP) — Lautaro Martínez scored twice to send Inter Milan into the Italian Cup final with a 3-0 second-leg win over city rival AC Milan. Both of Martínez’s goals came in the first half in a clinical performance that also gave Inter a 3-0 aggregate victory. Robin Gosens made sure of Inter’s place in the final with his first goal since his move from Atalanta. Milan had a goal somewhat controversially ruled out for offside. The Nerazzurri next face holder Juventus or Fiorentina. They meet in Wednesday’s semifinal with the Bianconeri leading 1-0 from the first leg. The final is scheduled for May 11. | https://localnews8.com/sports/ap-national-sports/2022/04/19/martinez-nets-2-as-inter-beats-milan-3-0-to-reach-cup-final/ | 2022-04-19T23:06:08Z |
MARRIOTT INTERNATIONAL REPORTS FIRST QUARTER 2022 RESULTS AND REINSTATES QUARTERLY CASH DIVIDEND
Published: May. 4, 2022 at 7:00 AM EDT|Updated: 1 hours ago
First quarter 2022 comparable systemwide constant dollar RevPAR increased 96.5percent worldwide, 99.1 percent in the U.S. & Canada, and 88.5 percent in international markets, compared to the 2021 first quarter;
First quarter 2022 comparable systemwide constant dollar RevPAR declined 19.4percent worldwide, 14.5 percent in the U.S. & Canada, and 31.7 percent in international markets, compared to the 2019 first quarter;
First quarter reported diluted EPS totaled $1.14, compared to reported diluted loss per share of $0.03 in the year-ago quarter. First quarter adjusted diluted EPS totaled $1.25, compared to first quarter 2021 adjusted diluted EPS of $0.10;
First quarter reported net income totaled $377 million, compared to a reported net loss of $11 million in the year-ago quarter. First quarter adjusted net income totaled $413 million, compared to first quarter 2021 adjusted net income of $34 million;
Adjusted EBITDA totaled $759 million in the 2022 first quarter, compared to first quarter 2021 adjusted EBITDA of $296 million;
Marriott resumes cash dividends, with the Board of Directors declaring a $0.30 per share dividend payable on June 30, 2022, to shareholders of record as of May 16, 2022;
The company added roughly 11,800 rooms globally during the first quarter, including approximately 5,300 rooms in international markets and a total of more than 2,500 conversion rooms;
At quarter end, Marriott's worldwide development pipeline totaled nearly 2,900 properties and more than 489,000 rooms, including roughly 20,800 rooms approved, but not yet subject to signed contracts. Approximately 201,400 rooms in the pipeline were under construction as of the end of the 2022 first quarter.
BETHESDA, Md., May 4, 2022 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) today reported first quarter 2022 results.
Anthony Capuano, Chief Executive Officer, said, "During the first quarter, we saw the largest surge in global demand since the pandemic began in 2020. Worldwide occupancy1 rose dramatically from 45 percent in January, impacted by the Omicron variant, to 64 percent in March, less than 10 percentage points below pre-pandemic levels. Rates further strengthened, with worldwide Average Daily Rate for March exceeding the same month in 2019 by 5 percent.
"In the U.S. & Canada, RevPAR improved significantly in February and March, particularly across our urban markets, driven by occupancy and rate gains across all customer segments. Internationally, RevPAR gains were notable during the quarter in every region except for Greater China given the stringent travel restrictions resulting from the country's dynamic zero-COVID policy. The Middle East and Africa region was again the furthest recovered, with first quarter RevPAR up 12 percent compared to 2019.
"Globally, robust demand trends continued in April, and going forward we expect leisure travel to remain strong, business travel to accelerate and cross border travel to gain momentum, supporting solid ADR performance. In the U.S. & Canada, we reached a milestone in April, as we estimate that RevPAR for the month was fully recovered to 2019 levels. RevPAR in the U.S. & Canada for the remaining quarters of this year is expected to be roughly flat with 2019 levels. While there is currently more volatility in our international regions, assuming no major change in the global economic environment or the behavior of the virus, we are increasingly optimistic that the global RevPAR gap compared to pre-pandemic levels will continue to narrow meaningfully in 2022.
"Owner preference for our brands remains strong. We signed over 19,000 rooms in the quarter, nearly half of which were in international markets. Our momentum around conversions continued, accounting for 22 percent of room additions in the quarter. Roughly 80 percent of those conversion rooms were in the high-value upper upscale and luxury tiers. For 2022, we still expect gross rooms growth approaching 5 percent and deletions of 1 to 1.5 percent, resulting in anticipated net rooms growth of 3.5 to 4 percent.
"I am very pleased to share that we are resuming capital returns to shareholders sooner than anticipated. Our focus on maximizing cash flow, managing expenses, and improving our credit profile, combined with strong first quarter results, has resulted in our Board of Directors declaring a $0.30 per share quarterly cash dividend payable at the end of the second quarter. Assuming the demand environment continues to improve and that we are within our target leverage ratio range, we also would expect to resume share repurchases in 2022.
"Our teams have navigated these challenging times incredibly well, and I think we can all look forward with real optimism. I believe Marriott remains extremely well-positioned to benefit from the continued recovery and to experience strong growth for years to come."
First Quarter 2022 Results
Marriott's reported operating income totaled $558 million in the 2022 first quarter, compared to 2021 first quarter reported operating income of $84 million. Reported net income totaled $377 million in the 2022 first quarter, compared to 2021 first quarter reported net loss of $11 million. Reported diluted earnings per share (EPS) totaled $1.14 in the quarter, compared to reported diluted loss per share of $0.03 in the year-ago quarter.
Adjusted operating income in the 2022 first quarter totaled $605 million, compared to 2021 first quarter adjusted operating income of $138 million. Adjusted operating income in the 2022 first quarter excluded impairment charges of $5 million.
First quarter 2022 adjusted net income totaled $413 million, compared to 2021 first quarter adjusted net income of $34 million. Adjusted diluted EPS in the 2022 first quarter totaled $1.25, compared to adjusted diluted EPS of $0.10 in the year-ago quarter. The 2022 first quarter adjusted results excluded $11 million after-tax ($0.03 per share) of impairment charges and a $6 million after-tax ($0.02 per share) gain on an investee's property sale. The 2021 first quarter adjusted results excluded $3 million after-tax ($0.01 per share) of impairment charges.
Adjusted results also excluded cost reimbursement revenue, reimbursed expenses and restructuring, merger-related charges, and other expenses. These items totaled a $31 million after-tax loss ($0.10 per share) in the 2022 first quarter and an after-tax loss of $42 million ($0.12 per share) in the 2021 first quarter. See pages A-2 and A-9 for the calculation of adjusted results and the manner in which the adjusted measures are determined in this press release.
Base management and franchise fees totaled $713 million in the 2022 first quarter, compared to base management and franchise fees of $412 million in the year-ago quarter. The year-over-year increase in these fees is primarily attributable to RevPAR increases due to the ongoing recovery in lodging demand and unit growth. Other non-RevPAR related franchise fees in the 2022 first quarter totaled $170 million, compared to $141 million in the year-ago quarter, aided by $36 million of higher credit card branding fees.
Incentive management fees totaled $102 million in the 2022 first quarter, compared to $33 million in the 2021 first quarter. Roughly half of the year-over-year increase in incentive management fees recognized in the quarter was earned at hotels in the U.S. & Canada.
Contract investment amortization for the 2022 first quarter totaled $24 million, compared to $17 million in the year-ago quarter. The year-over-year change largely reflects impairments of investments in management and franchise contracts in Russia and Belarus.
Owned, leased, and other revenue, net of direct expenses, totaled $65 million of profit in the 2022 first quarter, compared to a $27 million loss in the year-ago quarter. The $92 million increase in revenue net of expenses year over year largely reflects the ongoing recovery in lodging demand from the impacts of COVID-19, as well as $33 million of subsidies received from international government COVID-19 assistance programs.
General, administrative, and other expenses for the 2022 first quarter totaled $208 million, compared to $211 million in the year-ago quarter.
Interest expense, net, totaled $88 million in the first quarter compared to $100 million in the year-ago quarter. The decrease is largely due to lower interest expense associated with lower debt balances.
Equity in earnings/losses for the first quarter totaled $2 million of earnings, compared to a $12 million loss in the year-ago quarter. The improvement largely reflects an $8 million gain on a joint venture's sale of a hotel in the U.S.
Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) totaled $759 million in the 2022 first quarter, compared to first quarter 2021 adjusted EBITDA of $296 million. See page A-9 for the adjusted EBITDA calculation.
Selected Performance Information
The company added 75 properties (11,799 rooms) to its worldwide lodging portfolio during the 2022 first quarter, including more than 2,500 rooms converted from competitor brands and approximately 5,300 rooms in international markets. Sixteen properties (3,494 rooms) exited the system during the quarter. At quarter end, Marriott's global lodging system totaled more than 8,000 properties, with nearly 1,488,000 rooms.
At quarter end, the company's worldwide development pipeline totaled 2,878 properties with more than 489,000 rooms, including 998 properties with approximately 201,400 rooms under construction and 127 properties with roughly 20,800 rooms approved for development, but not yet subject to signed contracts.
In the 2022 first quarter, worldwide RevPAR increased 96.5 percent (a 95.5 percent increase using actual dollars) compared to the 2021 first quarter. RevPAR in the U.S. & Canada increased 99.1 percent (a 99.1 percent increase using actual dollars), and RevPAR in international markets increased 88.5 percent (an 84.8 percent increase using actual dollars).
Balance Sheet
At quarter end, Marriott's net debt was $8.5 billion, representing total debt of $9.5 billion less cash and cash equivalents of $1.0 billion. At year-end 2021, the company's net debt was $8.7 billion, representing total debt of $10.1 billion less cash and cash equivalents of $1.4 billion.
Investment Spending
Marriott anticipates that full year 2022 investment spending will total $600 million to $700 million. Total investment spending includes capital and technology expenditures, loan advances, contract acquisition costs, and other investing activities.
Marriott International, Inc. (NASDAQ: MAR) will conduct its quarterly earnings review for the investment community and news media on Wednesday, May 4, 2022, at 8:30 a.m. Eastern Time (ET). The conference call will be webcast simultaneously via Marriott's investor relations website at http://www.marriott.com/investor, click on "Events & Presentations" and click on the quarterly conference call link. A replay will be available at that same website until May 3, 2023.
The telephone dial-in number for the conference call is US Toll Free: 866-342-8591 or Global: +1 203-518-9713. The conference ID is MAR1Q22. A telephone replay of the conference call will be available from 1:00 p.m. ET, Wednesday, May 4, 2022, until 8:00 p.m. ET, Wednesday, May 11, 2022. To access the replay, call US Toll Free: 800-839-5127 or Global: +1 402-220-2692.
Note on forward-looking statements: All statements in this press release and the accompanying schedules are made as of May 4, 2022. We undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. This press release and the accompanying schedules contain "forward-looking statements" within the meaning of federal securities laws, including statements related to the possible effects on our business of the COVID-19 pandemic (COVID-19); our RevPAR estimates, outlook and assumptions; travel and lodging demand trends and expectations; occupancy, ADR and RevPAR recovery trends and expectations; our growth prospects and expectations; future performance of the company's hotels; our development pipeline, signings, rooms growth and conversions; our investment spending expectations; the timing of future dividends and share repurchases; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we identify in our Securities and Exchange Commission filings, including our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release.
Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 8,000 properties under 30 leading brands spanning 139 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy™, its highly-awarded travel program. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram.
Marriott may post updates about COVID-19 and other matters on its investor relations website at www.marriott.com/investor or Marriott's news center website at www.marriottnewscenter.com. Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on these websites, which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the SEC, and any references to the websites are intended to be inactive textual references only.
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/2022/05/04/marriott-international-reports-first-quarter-2022-results-reinstates-quarterly-cash-dividend/ | 2022-05-04T12:55:21Z |
WNBA superstar Brittney Griner still detained amid start of the regular season
(CNN) - The WNBA’s new season tips off Friday, but the detainment of superstar Brittney Griner is weighing heavily over the league.
Russian authorities in Moscow arrested Griner in February.
Griner, who plays for the Phoenix Mercury, is accused of smuggling cannabis oil in her luggage, which is punishable by up to 10 years in prison.
It remains unconfirmed what substance was actually in the vape pen she had.
To highlight her detainment, every WNBA team will display a special court decal with Griner’s initials and number.
Earlier this week, the U.S. State Department classified her arrest as a “wrongful detention.”
Griner is a two-time Olympic gold medalist, and the U.S. Olympic and Paralympic committee is also working to get her released.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wibw.com/2022/05/06/wnba-superstar-brittney-griner-still-detained-amid-start-regular-season/ | 2022-05-06T17:00:40Z |
NEW YORK, June 17, 2022 /PRNewswire/ -- Roche Freedman LLP and Dontzin Nagy & Fleissig LLP filed a class action lawsuit on June 15, 2022 on behalf of investors in the crypto-asset "UST" against BAM Trading Services Inc. ("Binance U.S."), as well as Binance U.S.'s CEO Brian Shroder, alleging that Binance U.S. violated federal and state securities laws when it sold UST to investors beginning on or around April 13, 2022.
The lawsuit, brought in the U.S. District Court for the Northern District of California, alleges violations of Sections 5, 12(a)(1), and 15 of the 1933 Securities Act, Sections 5, 15(a)(1), 20, and 29(b) of the 1934 Securities Exchange Act, and Sections 25110, 25130, 25503, 2521, 25501.5(a), and 25504 of the California Securities Act, based on Binance's sale of UST, despite UST being a security, without any registration statement in effect and without registering as a securities exchange or broker-dealer. According to the lawsuit, these actions led to investors being wiped out when UST crashed in May 2022, losing essentially all of its $18 billion market capitalization over the span of a few days.
The lawsuit is thus brought on behalf of all persons or entities who purchased UST tokens on Binance U.S. from April 13, 2022, to the present. The action is captioned Jeffrey Lockhart v. BAM Trading Services Inc. and Brian Shroder, Case No. 53:22-cv-03461 (N.D. Cal.).
Binance U.S. is a Delaware company headquartered in Palo Alto, California. Mr. Shroder is a resident of California.
For investors who purchased UST securities on Binance U.S. during the Class Period, you are a member of this proposed Class and may be able to seek appointment as lead plaintiff, which is a court-appointed representative for the Class, by complying with the relevant provisions for the Private Securities Litigation Reform Act of 1995 (the "PSLRA"). See 15 U.S.C. § 78u-4(a)(2)(A)(i)-(vi); § 78u-4(a)(3)(A)(i)(II); § 77z-1(a)(2)(A)(i)-(vi); § 77z-1(a)(3)(A)(i)(II). If you wish to serve as lead plaintiff, you must move the Court no later than August 16, 2022. You need not seek to become a lead plaintiff in order to share in any possible recovery. You may retain counsel of your choice to represent you in this action.
For further inquiries regarding this matter, please contact Kyle Roche (kyle@rochefreedman.com) at 646-970-7509.
Founded in 2019, Roche Freedman LLP is a national law firm comprised of innovative and tech-savvy attorneys with stellar credentials. With experience from some of the most prestigious litigation firms in the country, RF's legal team has a successful and decades-long track record of consistently achieving outstanding results in high-stakes and notable disputes on behalf of sophisticated clients. RF's legal team has extensive experience litigating complex commercial, securities, antitrust, class action and derivative matters on behalf of both plaintiffs and defendants in a broad range of industries. RF couples a unique brand of creative thinking and technical expertise with well-balanced aggressive advocacy to achieve impressive results in complex, high-value, and class action matters. As the firm continues to grow, it has focused on building a diverse attorney pool with cross-functional expertise.
Founding Partner Kyle W. Roche is a recognized thought leader in the cryptocurrency arena and has published multiple articles on the intersection of cryptocurrency and law, including in the Wall Street Journal. He is a frequent speaker and lecturer on the topic, having guest-lectured at the Northwestern Pritzker School of Law and having served on the Keynote panel at Harvard Law School's Blockchain, Fintech, & the Law conference. Founding partner Ted Normand is RF's most experienced litigator and has both prosecuted and defended numerous complex cases under the federal securities and antitrust laws and in national class actions.
The firm's attorneys are currently litigating numerous cryptocurrency cases. RF has been appointed as lead counsel in the seminal cryptocurrency class actions, Leibowitz et al. v. iFinex Inc. et al., Case No. 1:19-cv-09236 (S.D.N.Y.), Clifford et al. v. Tron Foundation et al., Case No. 1:20-cv-02804 (S.D.N.Y.), Messieh & Lee v. HDR Global Trading Limited & Arthur Hayes et al., Case No. 1:20-cv-03232 (S.D.N.Y.), Valenti v. Dfinity Foundation et al., Case No. 3:21-cv-06118 (N.D. Cal.).
Based in New York, Dontzin Nagy & Fleissig LLP is an elite litigation boutique that regularly represents plaintiffs and defendants in high-stake trials in state and federal courts and arbitrations throughout the United States, as well as in jurisdictions around the globe. We are often retained by clients shortly before trial to help secure victory in their most important disputes. We are litigation generalists that do not specialize in any single practice area or discipline. Indeed, our attorneys have successfully represented clients in complex commercial matters involving securities, cryptocurrencies, class actions, mergers and acquisitions, corporate governance, RICO, patents, copyright, trade secrets, regulatory enforcement, and criminal defense, among other areas.
Partner Tibor L. Nagy is an experienced trial lawyer who as lead counsel has successfully tried numerous cases, including class claims, with hundreds of millions and even billions of dollars at stake. He has been recognized as an "Elite Boutique Trailblazer" by the National Law Journal, in Benchmark Litigation's "Under 40 Hot List," and as one of Crain's New York Business's "Notable Hispanic Leaders & Executives." Counsel Gregory N. Wolfe is a trial lawyer who has successfully represented plaintiffs and defendants in a variety of complex matters seeking hundreds of millions to billions of dollars in damages. The firm routinely represents companies, investors, and other individuals in cryptocurrency disputes and has been doing so for over half-a-decade—a lifetime in the world of cryptocurrency.
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SOURCE Roche Freedman LLP | https://www.kxii.com/prnewswire/2022/06/17/roche-freedman-llp-dontzin-nagy-amp-fleissig-llp-bring-class-action-lawsuit-against-binance-us-engaging-unlawful-sales-ust-investors/ | 2022-06-17T23:02:15Z |
Fed set to impose another big rate hike to fight inflation
WASHINGTON (AP) — Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot.
With inflation raging at a four-decade high, the job market strong and consumer spending still solid, the Fed is under pressure to raise interest rates aggressively.
But other signs suggest the economy is slowing and might even have shrunk in the first half of the year. Such evidence would typically lead the Fed to stop raising rates — or even cut them.
For now, though, the Fed is focused squarely on its inflation fight, and this week it’s set to announce another hefty hike in its benchmark interest rate. Together with its previous rate increases, the Fed’s moves will make borrowing costlier for individuals and companies and likely weaken the economy over time.
“Until there’s very clear evidence of the labor market beginning to meaningfully deteriorate, the No. 1 focus for the Fed must be inflation,” said Matthew Luzzetti, chief U.S. economist at Deutsche Bank.
When it ends its latest policy meeting Wednesday, the Fed is expected to impose a second consecutive three-quarter-point hike, elevating its key rate to a range of 2.25% to 2.5%. It will be its fourth rate hike since March, when it announced a quarter-point increase. Since then, with inflation setting new four-decade highs, the central bank has tightened credit ever more aggressively.
By raising borrowing rates, the Fed makes it costlier to take out a mortgage or an auto or business loan. In turn, consumers and businesses will likely borrow and spend less, cooling the economy and slowing price increases. The Fed’s hikes have already led to a doubling of the average rate on a 30-year fixed mortgage in the past year, to 5.5%, and home sales have tumbled. The central bank is betting it can slow growth just enough to tame inflation yet not so much as to trigger a recession — a risk that many analysts fear may end badly.
The Fed’s rate hikes aren’t suited to address all the causes of high inflation. Higher borrowing rates can reduce spending. But they cannot reverse other factors, notably the global shortages of food, energy, factory parts and other items, which have been worsened by Russia’s war against Ukraine and COVID-19-related shutdowns in China.
It will also likely take months for the Fed’s higher rates to reduce spending on airline flights, restaurant meals and other services. Many economists worry that this means the Fed will have to clamp down even harder on consumer and business demand, to bring it into balance with the economy’s restricted supply of goods and labor.
A news conference that Chair Jerome Powell will hold Wednesday — and whatever signals, if any, he sends about the Fed’s next steps — will draw intense interest. Since the Fed met in June, the government has reported that inflation accelerated to a 9.1% annual rate, the most since 1981. Though that jump reflected a spike in gas prices, which have since declined, inflation worsened even after excluding the volatile energy and food categories.
The nation’s June jobs report showed that hiring has remained healthy, with employers adding 372,000 jobs last month. Employers’ continued need for labor has been elevating wages and contributing to inflation as companies pass their higher labor costs on to customers in the form of price increases.
Oddly enough, though, despite the robust job market and its role in keeping inflation high, by some measures the economy is barely growing, if at all. When the government reports Thursday on growth in the April-June period, it may show that the economy shrank for a second consecutive quarter.
Though two straight quarters of negative growth are sometimes seen as an informal definition of recession, few economists think the economy is in a downturn. Instead, recessions are defined by the National Bureau of Economic Research, a nonprofit group of economists. The NBER assesses a broad range of data in determining recessions and places heavy weight on incomes and jobs. Economists note that employers have added 2.7 million jobs so far this year, which points to an economy far from recession.
If, as expected, the Fed raises its short-term rate this week to 2.25% to 2.5%, it would move it near a level that officials think neither stimulates nor discourages growth. After that, the policymakers could raise the rate in smaller increments to levels that would slow the economy. Fed officials have signaled that they expect to raise it to a range of 3.25% to 3.5% by year’s end.
On Wednesday, Powell is expected to hammer home the Fed’s determination to raise rates until inflation falls, even at the risk of slowing growth too much.
“What we’re looking for is compelling evidence that inflationary pressures are abating and that inflation is moving back down,” he said at a news conference after the Fed’s June meeting. “We’d like to see that in the form of a series of declining monthly inflation readings.”
At a central banking forum last month in Portugal, Powell added: “Is there a risk that we would go too far? Certainly there’s a risk, but I wouldn’t agree that’s the biggest risk to the economy. The biggest mistake to make … would be to fail to restore price stability.”
Other officials have made clear they expect the Fed to continue raising rates for the foreseeable future.
“I have not seen any convincing evidence that inflation has turned the corner,” said Loretta Mester, president of the Federal Reserve Bank of Cleveland, earlier this month.
Still, the economy’s conflicting signals have whiplashed Fed policy for months, leaving many analysts calling for a clearer message. In June, policymakers had signaled that a half-point rate hike was likely — until just before their meeting, when expectations abruptly shifted to a three-quarter-point increase.
And after the June inflation report showed that price increases were accelerating, Wall Street traders bet that the Fed would impose a full percentage point hike this week. That expectation, too, faded after several Fed officials dismissed the idea. The rapid swing in expectations was “borderline ridiculous,” Krishna Guha, an economist at Evercore ISI, an investment bank, wrote to clients.
The policymakers should “lay out the thinking a little bit more of how they see the pace of rate increases going forward,” said Ellen Meade, an economics professor at Duke University and a former senior Fed economist. “Will they react to a dramatic slowing in the economy if that should occur before they see inflation slow in a meaningful way? Having a little more information as to how they’re thinking about it could be helpful.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/07/25/fed-set-impose-another-big-rate-hike-fight-inflation/ | 2022-07-25T17:31:30Z |
FAIRFAX, Va., May 5, 2022 /PRNewswire/ -- Playa Hotels & Resorts N.V. (the "Company" or "Playa") (NASDAQ: PLYA) today announced results of operations for the three months ended March 31, 2022.
Three Months Ended March 31, 2022 Results
- Net Income was $42.7 million compared to a Net Loss of $69.7 million in 2021
- Adjusted Net Income(1) was $31.8 million compared to an Adjusted Net Loss of $50.9 million in 2021
- Net Package RevPAR increased 207.2% over 2021 to $280.78, driven by a 40.8 percentage point increase in Occupancy and a 34.3% increase in Net Package ADR
- Owned Resort EBITDA increased 1,237.5% versus 2021 to $87.5 million
- Owned Resort EBITDA Margin increased 32.7 percentage points versus 2021 to 41.4%
- Adjusted EBITDA increased 3,171.6% versus 2021 to $76.9 million
- Adjusted EBITDA Margin increased 39.4 percentage points versus 2021 to 36.1%
(1) Adjusted Net Income/(Loss) excludes special items, which are those items deemed not to be reflective of ongoing operations. See "Definitions of Non-U.S. GAAP Measures and Operating Statistics" for a description of how we compute Adjusted Net Income/(Loss) and other non-GAAP financial figures included in this press release.
"Playa once again exceeded our expectations, despite the brief disruption at the start of the quarter from the Omicron variant. Our first quarter occupancy rate reached a post-pandemic high and our ADR reached an all-time high, with fundamental momentum building through the quarter.
The Dominican Republic occupancy surpassed our Mexican resorts during the quarter as the recovery continues to broaden. We are very encouraged by the recent announcement that Jamaica has dropped its COVID-19 testing requirement to enter the country, as this change bodes well for the segment as we move into the second half of 2022 and into 2023.
Our bookings pace remained extraordinarily strong during the first quarter, leading to the second half of 2022 booked revenue position remaining well ahead of last year, even as we lap 2021's unprecedented surge in bookings. Playa's compelling value proposition for a high-quality travel experience continues to resonate with consumers."
– Bruce D. Wardinski, Chairman and CEO of Playa Hotels & Resorts
Financial and Operating Results
The following tables set forth information with respect to the operating results of our total portfolio and comparable portfolio for the three months ended March 31, 2022 and 2021 ($ in thousands):
Total Portfolio
Comparable Portfolio (5)
(1) Total Net Revenue represents revenue from the sale of all-inclusive packages, which include room accommodations, food and beverage services and entertainment activities, net of compulsory tips paid to employees, as well as revenue from other goods, services and amenities not included in the all-inclusive package. Government mandated compulsory tips in the Dominican Republic are not included in this adjustment as they are already excluded from revenue in accordance with U.S. GAAP. A description of how we compute Total Net Revenue and a reconciliation of Total Net Revenue to total revenue can be found in the section "Definitions of Non-U.S. GAAP Measures and Operating Statistics" below. Total Net Revenue also includes all Management Fee Revenue.
(2) Owned Net Revenue excludes Management Fee Revenue and MICE (meetings, incentives, conventions and events) revenue.
(3) A description of how we compute Owned Resort EBITDA and a reconciliation of net income to Owned Resort EBITDA can be found in the section "Definitions of Non-U.S. GAAP Measures and Operating Statistics" below.
(4) A description of how we compute Adjusted EBITDA and a reconciliation of net income to Adjusted EBITDA can be found in the section "Definitions of Non-U.S. GAAP Measures and Operating Statistics" below.
(5) For the three months ended March 31, 2022, the comparable portfolio excludes the Dreams Puerto Aventuras, which was sold in February 2021, and Capri Resort which was sold in June 2021.
Balance Sheet
As of March 31, 2022, we held $299.8 million in cash and cash equivalents, excluding $24.4 million of restricted cash. Total interest-bearing debt was $1,142.7 million, comprised of our Senior Secured Term Loan due 2024 and Property Loan due 2025. Effective March 29, 2018, we entered into two interest rate swaps to fix LIBOR at 2.85% on $800.0 million of our variable rate Term Loan. As of March 31, 2022, there was no balance outstanding on our $85.0 million Revolving Credit Facility.
Earnings Call
The Company will host a conference call to discuss its first quarter results on Friday, May 6, 2022 at Noon - 12:00 p.m. (Eastern Daylight Time). The conference call can be accessed by dialing (888) 317-6003 for domestic participants and (412) 317-6061 for international participants. The conference ID number is 9473012. Additionally, interested parties may listen to a taped replay of the entire conference call commencing two hours after the call's completion on Friday, May 6, 2022. This replay will run through Friday, May 13, 2022. The access number for a taped replay of the conference call is (877) 344-7529 or (412) 317-0088 using the following conference ID number: 1504329. There will also be a webcast of the conference call accessible on the Company's investor relations website at www.investors.playaresorts.com.
About the Company
Playa is a leading owner, operator and developer of all-inclusive resorts in prime beachfront locations in popular vacation destinations in Mexico and the Caribbean. As of March 31, 2022, Playa owned and/or managed a total portfolio consisting of 22 resorts (8,366 rooms) located in Mexico, Jamaica, and the Dominican Republic. In Mexico, Playa owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Los Cabos. In Jamaica, Playa owns and manages Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa and Jewel Paradise Cove Beach Resort & Spa. In the Dominican Republic, Playa owns and manages the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana and Hyatt Ziva Cap Cana. Playa owns two resorts in the Dominican Republic that are managed by a third-party and manages five resorts on behalf of third-party owners. Playa's strategy is to leverage its globally recognized brand partnerships and proprietary in-house direct booking capabilities to capitalize on the growing popularity of the all-inclusive resort model and reach first-time all-inclusive consumers in a cost effective manner. We believe that this strategy should position us to generate attractive returns for our shareholders, build lasting relationships with our guests, and enhance the lives of our associates and the communities in which we operate.
Forward-Looking Statements
This press release contains ''forward-looking statements,'' as defined by federal securities laws. Forward-looking statements reflect our current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words "believe," "expect," "anticipate," "will," "could," "would," "should," "may," "plan," "estimate," "intend," "predict," "potential," "continue," and the negatives of these words and other similar expressions generally identify forward looking statements. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled "Risk Factors" in Playa's Annual Report on Form 10-K, filed with the SEC on February 24, 2022, as updated by Playa's Quarterly Report on Form 10-Q, filed with the SEC on May 5, 2022, and as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Playa's filings with the SEC. Currently, some of the most significant factors that could cause actual outcomes to differ materially from our forward-looking statements are the adverse effects of the current COVID-19 pandemic on our financial condition, liquidity, results of operations and prospects, reductions in service by the airlines that service the locations where we own resorts, the short and longer-term demand for travel, the global economy and the local economies where we own resorts and the financial markets. The extent to which the COVID-19 pandemic will continue to impact us and consumer behavior will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, continuing resurgences of the pandemic, government actions taken to contain the pandemic or mitigate its impact, the speed, effectiveness and distribution of vaccines and treatment therapies, the rate of public adoption of COVID-19 vaccines and the direct and indirect economic effects of the pandemic and containment measures, including the magnitude of its impact on unemployment rates, inflation and consumer discretionary spending, among others. While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to us (or to third parties making the forward-looking statements).
Definitions of Non-U.S. GAAP Measures and Operating Statistics
Occupancy
"Occupancy" represents the total number of rooms sold for a period divided by the total number of rooms available during such period. The total number of rooms available excludes any rooms considered "Out of Order" due to renovation or a temporary problem rendering them inadequate for occupancy for an extended period of time. Occupancy is a useful measure of the utilization of a resort's total available capacity and can be used to gauge demand at a specific resort or group of properties during a given period. Occupancy levels also enable us to optimize Net Package ADR by increasing or decreasing the stated rate for our all-inclusive packages as demand for a resort increases or decreases.
Net Package Average Daily Rate ("Net Package ADR")
"Net Package ADR" represents total Net Package Revenue for a period divided by the total number of rooms sold during such period. Net Package ADR trends and patterns provide useful information concerning the pricing environment and the nature of the guest base of our portfolio or comparable portfolio, as applicable. Net Package ADR is a commonly used performance measure in the all-inclusive segment of the lodging industry and is commonly used to assess the stated rates that guests are willing to pay through various distribution channels.
Net Package Revenue per Available Room ("Net Package RevPAR")
"Net Package RevPAR" is the product of Net Package ADR and the average daily occupancy percentage. Net Package RevPAR does not reflect the impact of non-package revenue. Although Net Package RevPAR does not include this additional revenue, it generally is considered the key performance measure in the all-inclusive segment of the lodging industry to identify trend information with respect to net room revenue produced by our portfolio or comparable portfolio, as applicable, and to evaluate operating performance on a consolidated basis or a regional basis, as applicable.
Net Package Revenue, Net Non-package Revenue, Owned Net Revenue, Management Fee Revenue, Cost Reimbursements and Total Net Revenue
"Net Package Revenue" is derived from the sale of all-inclusive packages, which include room accommodations, food and beverage services and entertainment activities, net of compulsory tips paid to employees. Government mandated compulsory tips in the Dominican Republic are not included in this adjustment, as they are already excluded from revenue. Revenue is recognized, net of discounts and rebates, when the rooms are occupied and/or the relevant services have been rendered. Advance deposits received from guests are deferred and included in trade and other payables until the rooms are occupied and/or the relevant services have been rendered, at which point the revenue is recognized.
"Net Non-package Revenue" represents all other revenues earned from the operations of our resorts, other than Net Package Revenue, net of compulsory tips paid to employees. Government mandated compulsory tips in the Dominican Republic are not included in this adjustment, as they are already excluded from revenue. Net Non-package Revenue includes revenue associated with guests' purchases of upgrades, premium services and amenities, such as premium rooms, dining experiences, wines and spirits and spa packages, which are not included in the all-inclusive package. Revenue not included in a guest's all-inclusive package is recognized when the goods are consumed.
"Owned Net Revenue" represents Net Package Revenue and Net Non-package Revenue. Owned Net Revenue represents a key indicator to assess the overall performance of our business and analyze trends, such as consumer demand, brand preference and competition. In analyzing our Owned Net Revenues, our management differentiates between Net Package Revenue and Net Non-package Revenue. Guests at our resorts purchase packages at stated rates, which include room accommodations, food and beverage services and entertainment activities, in contrast to other lodging business models, which typically only include the room accommodations in the stated rate. The amenities at all-inclusive resorts typically include a variety of buffet and á la carte restaurants, bars, activities, and shows and entertainment throughout the day.
"Management Fee Revenue" is derived from fees earned for managing resorts owned by third parties. The fees earned are typically composed of a base fee, which is computed as a percentage of revenue, and an incentive fee, which is computed as a percentage of profitability.
"Total Net Revenue" represents Net Package Revenue, Net Non-package Revenue and Management Fee Revenue. "Cost Reimbursements" is excluded from Total Net Revenue as it is not considered a key indicator of financial and operating performance. Cost Reimbursements is derived from the reimbursement of certain costs incurred by Playa on behalf of resorts managed by Playa and owned by third parties. This revenue is fully offset by reimbursable costs and has no net impact on operating income (loss) or net income (loss).
The following table shows a reconciliation of Net Package Revenue, Net Non-package Revenue, Management Fee Revenue and Total Net Revenue to total revenue for the three months ended March 31, 2022 and 2021 ($ in thousands):
Total Portfolio
EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Owned Resort EBITDA, and Owned Resort EBITDA Margin
We define EBITDA, a non-U.S. GAAP financial measure, as net income or loss, determined in accordance with U.S. GAAP, for the period presented, before interest expense, income tax and depreciation and amortization expense. We define Adjusted EBITDA, a non-U.S. GAAP financial measure, as EBITDA further adjusted to exclude the following items:
- Other income or expense
- Pre-opening expense
- Transaction expenses
- Severance expense
- Other tax expense
- Gain on property damage insurance proceeds
- Share-based compensation
- Loss on extinguishment of debt
- Other items, which may include but are not limited to the following: contract termination fees; gains or losses from legal settlements; repairs from hurricanes and tropical storms and impairment losses.
We include the non-service cost components of net periodic pension cost or benefit recorded within other income or expense in the Condensed Consolidated Statements of Operations in calculating Adjusted EBITDA as they are considered part of our ongoing resort operations.
"Adjusted EBITDA Margin" represents Adjusted EBITDA as a percentage of Total Net Revenue.
"Owned Resort EBITDA" represents Adjusted EBITDA before corporate expenses and Management Fee Revenue.
"Owned Resort EBITDA Margin" represents Owned Resort EBITDA as a percentage of Owned Net Revenue.
Adjusted Net Income (Loss)
"Adjusted Net Income (Loss)" represents net income or loss attributable to Playa, determined in accordance with U.S. GAAP, excluding special items which are not reflective of our core operating performance, such as one-time expenses related to transaction expenses.
Usefulness and Limitation of Non-U.S. GAAP Measures
We believe that each of Net Package Revenue, Net Non-package Revenue, Owned Net Revenue, Total Net Revenue, Net Package ADR, Net Package RevPAR and Net Direct Expenses are useful to investors as they reflect our operating results by excluding compulsory tips. These tips have a margin of zero and do not represent our operating results.
We also believe that Adjusted EBITDA is useful to investors for two principal reasons. First, we believe Adjusted EBITDA assists investors in comparing our performance over various reporting periods on a consistent basis by removing from our operating results the impact of items that do not reflect our core operating performance. For example, changes in foreign exchange rates (which are the principal driver of changes in other income or expense), and expenses related to capital raising, strategic initiatives and other corporate initiatives, such as expansion into new markets (which are the principal drivers of changes in transaction expenses), are not indicative of the operating performance of our resorts. The other adjustments included in our definition of Adjusted EBITDA relate to items that occur infrequently and therefore would obstruct the comparability of our operating results over reporting periods. For example, revenue from insurance policies, other than business interruption insurance policies, is infrequent in nature, and we believe excluding these expense and revenue items permits investors to better evaluate the core operating performance of our resorts over time. We believe Adjusted EBITDA Margin provides our investors a useful measurement of operating profitability for the same reasons we find Adjusted EBITDA useful.
The second principal reason that we believe Adjusted EBITDA is useful to investors is that it is considered a key performance indicator by our board of directors (our "Board") and management. In addition, the compensation committee of our Board determines a portion of the annual variable compensation for certain members of our management based, in part, on consolidated Adjusted EBITDA. We believe that Adjusted EBITDA is useful to investors because it provides investors with information utilized by our Board and management to assess our performance and may (subject to the limitations described below) enable investors to compare the performance of our portfolio to our competitors.
Adjusted Net (Loss) Income is non-GAAP performance measure that provides meaningful comparisons of ongoing operating results, by removing from net income the impact of items that do not reflect our normalized operations.
Our non-U.S. GAAP financial measures are not substitutes for revenue, net income or any other measure determined in accordance with U.S. GAAP. There are limitations to the utility of non-U.S. GAAP financial measures, such as Adjusted EBITDA. For example, other companies in our industry may define Adjusted EBITDA differently than we do. As a result, it may be difficult to use Adjusted EBITDA or similarly named non-U.S. GAAP financial measures that other companies publish to compare the performance of those companies to our performance. Because of these limitations, our non-U.S. GAAP financial measures should not be considered as a measure of the income or loss generated by our business or discretionary cash available for investment in our business, and investors should carefully consider our U.S. GAAP results presented. A reconciliation of net income as computed under U.S. GAAP to Adjusted Net Income (Loss) is presented below.
Comparable Non-U.S. GAAP Measures
We believe that presenting Adjusted EBITDA, Total Net Revenue, Net Package Revenue and Net Non-package Revenue on a comparable basis is useful to investors because these measures include only the results of resorts owned and in operation for the entirety of the periods presented and thereby eliminate disparities in results due to the acquisition or disposition of resorts or the impact of resort closures or re-openings in connection with redevelopment or renovation projects. As a result, we believe these measures provide more consistent metrics for comparing the performance of our operating resorts. We calculate Comparable Adjusted EBITDA, Comparable Total Net Revenue, Comparable Net Package Revenue and Comparable Net Non-package Revenue as the total amount of each respective measure less amounts attributable to non-comparable resorts, by which we mean resorts that were not owned or in operation during some or all of the relevant reporting period.
Our comparable resorts for the three months ended March 31, 2022 exclude the Dreams Puerto Aventuras, which was sold in February 2021, and Capri Resort, which was sold in June 2021.
A reconciliation of net income or loss as computed under U.S. GAAP to comparable Adjusted EBITDA is presented below. For a reconciliation of Comparable Net Package Revenue, Comparable Net Non-package Revenue, Comparable Management Fee Revenue and Comparable Total Net Revenue to total revenue as computed under U.S. GAAP, see "Net Package Revenue, Net Non-package Revenue, Owned Net Revenue, Management Fee Revenue, Cost Reimbursements and Total Net Revenue" in this section.
Playa Hotels & Resorts N.V.
Reconciliation of Net Income to EBITDA, Adjusted EBITDA and Owned Resort EBITDA
($ in thousands)
The following is a reconciliation of our U.S. GAAP net income (loss) to EBITDA, Adjusted EBITDA, Owned Resort EBITDA and Comparable Owned Resort EBITDA for the three months ended March 31, 2022 and 2021 ($ in thousands):
(a) Represents changes in foreign exchange and other miscellaneous expenses or income.
(b) Represents expenses incurred in connection with corporate initiatives, such as: system implementations, debt refinancing costs; other capital raising efforts; and strategic initiatives, such as the launch of a new resort or possible expansion into new markets.
(c) Represents expenses incurred for employee terminations.
(d) Relates primarily to a Dominican Republic asset/revenue tax, which is an alternative tax to income tax in the Dominican Republic. We eliminate this expense from Adjusted EBITDA because it is substantially similar to the income tax provision or benefit we eliminate from EBITDA.
(e) Represents the property and equipment impairment loss on the Capri Resort recognized upon classification of the resort as held for sale in connection with the agreement for the sale of the property executed on March 31, 2021.
(f) Represents the non-service cost components of net periodic pension cost recorded within other expense in the Condensed Consolidated Statement of Operations. We include these costs or benefits in Adjusted EBITDA as they are considered part of our ongoing resort operations.
(g) Comparable resorts for the three months ended March 31, 2022 exclude the Dreams Puerto Aventuras, which was sold in February 2021, and Capri Resort, which was sold in June 2021.
Playa Hotels & Resorts N.V.
Reconciliation of Net Income to Adjusted Net Income
($ in thousands)
The following table reconciles our net income (loss) to Adjusted Net Income (Loss) for the three months ended March 31, 2022 and 2021 ($ in thousands):
(a) Represents the change in fair value, excluding interest paid and accrued, of our interest rate swaps recognized as interest expense in our Condensed Consolidated Statements of Operations.
The following table presents the impact of Adjusted Net Income (Loss) on our diluted earnings or loss per share for the three months ended March 31, 2022 and 2021 ($ in thousands):
(1) As of March 31, 2022, the total available borrowing capacity under our Revolving Credit Facility was $85.0 million. The interest rate on any outstanding balances of our $68.0 million Revolving Credit Facility is L+400 bps with no LIBOR floor. The interest rate on any outstanding balances of our $17.0 million Revolving Credit Facility is L+300 bps with no LIBOR floor. As of March 31, 2022, the commitment fee on undrawn balances of our Revolving Credit Facility was 0.5%.
(2) The interest rate on our Term Loan is L+275 bps with a LIBOR floor of 1.0%. The interest rate on our Term Loan was 5.40% as of March 31, 2022, which includes the LIBOR rate that was locked in March for the one-month period. Effective March 29, 2018, we entered into two interest rate swaps to mitigate the long-term interest rate risk inherent in our variable rate Term Loan. The interest rate swaps have an aggregate fixed notional value of $800.0 million. The fixed rate paid by us is 2.85% and the variable rate received resets monthly to the one-month LIBOR rate.
(3) Effective June 12, 2020, we entered into $94.0 million of additional senior secured credit facility term loans. On July 27, 2021, we repaid $0.7 million of the principal balance. The remaining $93.3 million is broken into three tranches: $35.0 million term loan at a fixed rate of 11.4777%, $31.0 million term loan at a fixed rate of 11.4777%, and $27.3 million term loan at our option of either a base rate plus a margin of 2.00% or LIBOR plus 3.00% with a LIBOR floor of 1.0%. The weighted average interest rate is 9.30%.
(4) Represents unrestricted cash balances as of March 31, 2022.
(5) Represents last twelve months' interest expense and commitment fee. The amortization of deferred financing costs and discounts is excluded.
Highlights
Yucatán Peninsula
- Comparable Owned Net Revenue for the three months ended March 31, 2022 increased $36.1 million, or 111.2%, compared to the three months ended March 31, 2021. The increase was due to the following:
• an increase in demand as a result of increased vaccination levels, easing of government travel restrictions, and pent-up demand for leisure travel compared to the three months ended March 31, 2021, when we experienced severely reduced occupancy as a result of the COVID-19 pandemic;
• an increase in Occupancy of 23.9 percentage points compared to the three months ended March 31, 2021, driven by the factors listed above as well as an increase in guests sourced from Canada and Asia;
• an increase in Net Package ADR as a result of pent-up demand and pricing discipline to coincide with investments in guest satisfaction at our resorts;
• continued sequential improvement in Net Non-package Revenue with our highest spend per guest on record in the first quarter of 2022; and
• an $18.01 favorable Net Package ADR impact due to the change in billing methodology of an OTA, which requires Playa to present this revenue gross of commissions under U.S. GAAP.
Compared to 2019, Comparable Net Package ADR for the three months ended March 31, 2022 increased by $108.37, or 33.8%. Excluding the aforementioned adjustment for the OTA billing methodology, the increase would have been $90.36, or 28.1%.
- Comparable Owned Resort EBITDA for the three months ended March 31, 2022 increased $21.7 million, or 283.1%, compared to the three months ended March 31, 2021. The increase was a result of the on-going revenue recovery, particularly the strong Comparable Net Package ADR increases and cost control practices which partially offset occupancy-related increases in resort operating expenses compared to the three months ended March 31, 2021, when we experienced severely reduced occupancy as a result of the COVID-19 pandemic.
Compared to 2019, Comparable Owned Resort EBITDA for the three months ended March 31, 2022 increased by $1.9 million, or 6.9%.
Pacific Coast
- Owned Net Revenue for the three months ended March 31, 2022 increased $20.5 million, or 237.6%, compared to the three months ended March 31, 2021. The increase was due to the following:
• an increase in demand as a result of increased vaccination levels, easing of government travel restrictions, and pent-up demand for leisure travel compared to the three months ended March 31, 2021, when we experienced severely reduced occupancy as a result of the COVID-19 pandemic;
• an increase in Occupancy of 38.6 percentage points compared to the three months ended March 31, 2021, driven by the factors listed above as well as an increase in group room nights, which were only modestly below our first quarter 2019 group room night mix;
• an increase in Net Package ADR as a result of pent-up demand and pricing discipline to coincide with investments in guest satisfaction at our resorts;
• continued sequential improvement in Net Non-package Revenue with our highest spend per guest on record in the first quarter of 2022; and
• a $15.03 favorable Net Package ADR impact due to the change in billing methodology of an OTA, which requires Playa to present this revenue gross of commissions under U.S. GAAP.
Compared to 2019, Net Package ADR for the three months ended March 31, 2022 increased by $106.76, or 30.7%. Excluding the aforementioned adjustment for the OTA billing methodology, the increase would have been $91.73, or 26.4%.
- Owned Resort EBITDA for the three months ended March 31, 2022 increased $12.1 million, or 2,486.4%, compared to the three months ended March 31, 2021. The increase was a result of the on-going revenue recovery, particularly the strong Net Package ADR increases and cost control practices which partially offset occupancy-related increases in resort operating expenses compared to the three months ended March 31, 2021, when we experienced severely reduced occupancy as a result of the COVID-19 pandemic.
Compared to 2019, Owned Resort EBITDA for the three months ended March 31, 2022 increased by $0.2 million, or 1.3%.
Dominican Republic
- Owned Net Revenue for the three months ended March 31, 2022 increased $48.8 million, or 233.6%, compared to the three months ended March 31, 2021. The increase was due to the following:
• an increase in demand as a result of increased vaccination levels, easing of government travel restrictions, and pent-up demand for leisure travel compared to the three months ended March 31, 2021, when we experienced severely reduced occupancy as a result of the COVID-19 pandemic;
• an increase in Occupancy of 51.3 percentage points compared to the three months ended March 31, 2021, driven by the factors listed above as well as an increase in guests sourced from Canada and Europe;
• an increase in Net Package ADR as a result of pent-up demand and pricing discipline to coincide with investments in guest satisfaction at our resorts, partially offset by our externally managed properties, whose rates remain significantly depressed versus our Playa-managed properties; and
• continued sequential improvement in Net Non-package Revenue.
Compared to 2019, Net Package ADR for the three months ended March 31, 2022 increased by $90.60, or 38.8%. This increase was driven by the opening of the premium-positioned Hyatt Ziva and Hyatt Zilara Cap Cana resorts in the fourth quarter of 2019 and the renovation of the Hilton La Romana All-Inclusive Resort in 2019.
- Owned Resort EBITDA for the three months ended March 31, 2022 increased $26.7 million, or 1,603.3%, compared to the three months ended March 31, 2021. The increase was a result of the on-going revenue recovery, particularly the strong Net Package ADR increases and cost control practices which partially offset occupancy-related increases in resort operating expenses compared to the three months ended March 31, 2021, when we experienced severely reduced occupancy as a result of the COVID-19 pandemic.
Compared to 2019, Owned Resort EBITDA for the three months ended March 31, 2022 increased by $14.9 million, or 110.8%. Our Playa-managed properties increased $20.0 million, or 617.1%, driven by the opening of the premium-positioned Hyatt Ziva and Hyatt Zilara Cap Cana resorts in the fourth quarter of 2019 and the renovation of the Hilton La Romana All-Inclusive Resort in 2019.
The segment's performance was weighed down by our two externally managed properties, which have lagged behind our globally branded resorts in the segment with respect to rate gains and, as a result, are yielding significantly lower margins. Owned Resort EBITDA of our externally managed properties decreased $5.1 million, or 49.6%, compared to the three months ended March 31, 2019.
Jamaica
- Owned Net Revenue for the three months ended March 31, 2022 increased $32.5 million, or 277.6%, compared to the three months ended March 31, 2021. The increase was due to the following:
• an increase in demand as a result of increased vaccination levels, easing of government travel restrictions, and pent-up demand for leisure travel compared to the three months ended March 31, 2021, when we experienced severely reduced occupancy as a result of the COVID-19 pandemic;
• an increase in Occupancy of 41.3 percentage points compared to the three months ended March 31, 2021, driven by the factors listed above as well as an increase in guests sourced from Canada and Europe;
• an increase in Net Package ADR as a result of pent-up demand and pricing discipline to coincide with investments in guest satisfaction at our resorts;
• continued sequential improvement in Net Non-package Revenue with our highest spend per guest on record in the first quarter of 2022.
Compared to 2019, Net Package ADR for the three months ended March 31, 2022 increased by $64.64, or 18.4%. The recovery in Jamaica continues to improve but remains depressed due to more stringent COVID-19 related travel restrictions compared to the other regions where we operate.
- Owned Resort EBITDA for the three months ended March 31, 2022 increased $19.9 million, or 717.2%, compared to the three months ended March 31, 2021. The increase was a result of the on-going revenue recovery, particularly the strong Net Package ADR increases and cost control practices which partially offset occupancy-related increases in resort operating expenses compared to the three months ended March 31, 2021, when we experienced severely reduced occupancy as a result of the COVID-19 pandemic.
Compared to 2019, Owned Resort EBITDA for the three months ended March 31, 2022 decreased by $7.2 million, or 29.5%. The recovery in Jamaica continued to improve, but remained depressed as this segment suffered the greatest impact from the Omicron variant with disrupted bookings in January as a result of more stringent COVID-19 related travel restrictions. This segment finished the quarter relatively flat compared to the end of 2021.
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SOURCE Playa Management USA, LLC | https://www.kxii.com/prnewswire/2022/05/05/playa-hotels-amp-resorts-nv-reports-first-quarter-2022-results/ | 2022-05-05T20:58:10Z |
CONCORD, Mass., Aug. 5, 2022 /PRNewswire/ -- Lorestry, the world's first and only app that maps health data for parents to the language of healthcare, now captures mother-baby dyad stories during pregnancy.
A free, next-generation app for a new generation of parents, Lorestry provides expecting parents with a meaningful and powerful health data asset that they curate and control. With Lorestry, it is parents –– not health systems, payers, or providers, who determine who has access to their private information. Parents can use their data set for informed conversations, relationship-building, sharing, collaboration, self-advocacy, and family health history creation.
The expanded version of the app has been released at a critical period for maternal-child health.
- In 2020, the CDC reported that U.S. maternal mortality rates had increased to 24 percent, an increase of 4% over 2019 figures. (Maternal mortality rates are deaths per 100,000 live births.)
- Nearly one in 5 pregnant women are over 35. According to the CDC, maternal mortality rates increase with the maternal age. For women 40 and older, the maternal mortality rate in 2020 was almost 8 times higher than the rate for individuals under age 25.
Lorestry, the first app that collects and maps real-world data for consumers, includes daily tracking of maternal feelings, documentation of conditions that may be diagnosed in utero, and the social/environmental conditions that impact maternal-child outcomes. Access to air conditioning, as just one example, has a serious impact on maternal health and infant prematurity. In July 2021, the American College of Obstetrics and Gynecology (ACOG) released new clinical guidance about heat and environmental risks and highlighted "that climate change is an urgent women's health concern as well as a major public health challenge." Additionally, ACOG states that "There is emerging evidence that links exposure to toxic environmental agents and adverse reproductive and developmental health outcomes."
Lorestry provides a way to capture social determinants of health (SDoH) and environmental determinants of health (EDoH) variables which can be shared with health systems, community health, and early education providers. Privately capturing this information in real-time and outside of the clinical setting, reduces geographical barriers, and should help accelerate time-sensitive interventions that have been shown to improve life outcomes. The app simultaneously creates a longitudinal record of early life experiences and developmental progression.
Lorestry is a top ranked pregnancy and baby app in 14 countries, and available on the App store.
Lorestry
Lorestry is the world's first and only app that maps data for health consumers to the language of healthcare and humankind. The free Lorestry app creates a private health data asset that is meaningful, useful, and readable (by humans and computers). Designed for use starting in pregnancy through age 6, Lorestry is the first app inclusive of all children, including those with special healthcare and record gathering needs. Follow @Lorestry on Twitter.
Alea Diagnostics
Alea Diagnostics, creator of the Lorestry app, provides family-friendly benefit solutions for employers to promote diversity, equity, and inclusion, and that support underserved populations. Alea works with hospitals and health systems interested in health equity for newborns and children. Follow @AleaDx on Twitter.
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SOURCE Alea Diagnostics, Inc. | https://www.wibw.com/prnewswire/2022/08/05/lorestry-announces-maternal-child-health-mapping-two/ | 2022-08-05T16:49:07Z |
LOS ANGELES, May 11, 2022 /PRNewswire/ -- Timeless Vapes, a top multi-state house of cannabis brands, announced their continued partnership with George's Burger Stand in hosting 'G's on Sunday.' The event occurs Sunday, May 22nd in celebration of community, food, and Porches. It will take place in the George's Burger Stand parking lot starting at 8 a.m. and is open to the public.
George's Burger Stand will host breakfast and Timeless will be onsite selling G's on Sunday merch including t-shirts, posters and a limited edition Porsche-themed flip case and battery combo, which stores Timeless cannabis vape cartridges discreetly.
Timeless will donate $2 of every merchandise sale to 'No Us Without You', a local charity that provides food relief for disenfranchised families and hospitality workers in Los Angeles, in line with their company values of contributing to the community. To make a donation to 'No Us Without You' click here.
Starting Wednesday, May 11th, consumers and attendees ages 21 and up can use the promotional code 'LAZYSUNDAY25' to get 25% off their first Timeless order of cannabis vapes, and premium pre-rolled flower products for home delivery.
To register a Porsche 911 for G's on Sunday, click here.
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SOURCE Timeless Refinery | https://www.kxii.com/prnewswire/2022/05/11/georges-burger-stand-timeless-vapes-continue-gs-sunday-tradition/ | 2022-05-11T19:18:51Z |
SAN DIEGO, June 6, 2022 /PRNewswire/ -- Neurocrine Biosciences, Inc. (Nasdaq: NBIX) today presents data on sleep disturbances in Parkinson's disease (PD) demonstrating the impact of OFF episodes, or reemergence of symptoms between doses of levodopa, on falling asleep and staying asleep. These data (abstract ID: 0581) are being shared at SLEEP 2022, the annual meeting of the Associated Professional Sleep Societies, LLC (APSS) being held June 4-8 in Charlotte, North Carolina. The oral presentation of these data will take place on June 8 at 2:15 p.m. (oral presentation session: O-28).
"Sleep disturbances in individuals with Parkinson's disease can significantly impact health, mood, and quality of life," said Eiry W. Roberts, M.D., Chief Medical Officer at Neurocrine Biosciences. "These data provide insight on the impact of OFF episodes and their contribution to sleep disturbances, both in falling asleep and staying asleep. At Neurocrine Biosciences, we are committed to furthering understanding of the wide-ranging effects of movement disorders to elevate care for the patients we serve."
The post-hoc analyses were conducted using baseline data from two previous Phase 3 studies of ONGENTYS® (opicapone) capsules, an approved once-daily adjunctive treatment to levodopa/carbidopa (LD/CD) in patients with PD experiencing OFF time.
Results of this post-hoc analysis indicate that 34.4% (332/964) of participants experienced an OFF episode before going to sleep for a mean duration of 1.8±1.2 hours. Among participants who woke up during the night (16.4%, 158/964), 81.0% (128/158) were in an OFF state for a mean duration of 1.0 (±0.5) hours. Additionally, 89.4% (898/1005) of participants experienced an OFF episode upon waking in the morning, with the mean duration of this time to morning "ON" episode being 1.5 (±0.9) hours. OFF episodes can contribute to sleep impairment, a common but poorly addressed problem in patients with PD. The potential impact of OFF periods on sleep has not been well characterized.
About ONGENTYS® (opicapone) Capsules
ONGENTYS is a once-daily, oral, peripheral, selective and reversible catechol-O-methyltransferase (COMT) inhibitor approved by the U.S. Food and Drug Administration (FDA) as an add-on treatment to levodopa/carbidopa in patients with Parkinson's disease experiencing "OFF" episodes. ONGENTYS inhibits the COMT enzyme, which breaks down levodopa, making more levodopa available to reach the brain.
In June 2016, BIAL – Portela & CA, S.A. (BIAL) received approval from the European Commission for ONGENTYS as an adjunct therapy to preparations of levodopa/DOPA decarboxylase inhibitors in adult patients with Parkinson's disease and end-of-dose motor fluctuations who cannot be stabilized on those combinations. BIAL currently markets ONGENTYS in several European countries. Neurocrine Biosciences in-licensed opicapone from BIAL in 2017 and has exclusive development and commercialization rights in the U.S. and Canada.
Important Information
Approved Use
ONGENTYS® (opicapone) capsules is a prescription medicine used with levodopa and carbidopa in people with Parkinson's disease (PD) who are having "OFF" episodes.
It is not known if ONGENTYS is safe and effective in children.
Important Safety Information
Do not take ONGENTYS if you:
- take a type of medicine called a non-selective monoamine-oxidase (MAO) inhibitor.
- have a tumor that secretes hormones known as catecholamines.
Before taking ONGENTYS, tell your healthcare provider about all of your medical conditions, including if you:
- have daytime sleepiness from a sleep disorder, have unexpected periods of sleep or sleepiness, or take a medicine to help you sleep or that makes you feel sleepy.
- have had intense urges or unusual behaviors, including gambling, increased sex drive, binge eating, or compulsive shopping.
- have a history of uncontrolled sudden movements (dyskinesia).
- have had hallucinations or psychosis.
- have liver or kidney problems.
- are pregnant or plan to become pregnant, or are breastfeeding or plan to breastfeed.
Tell your healthcare provider about all the medicines you take, including prescription and over-the-counter medicines, vitamins, and herbal supplements. Especially tell your healthcare provider if you take nonselective MAO inhibitors (such as phenelzine, tranylcypromine, and isocarboxazid) or catecholamine medicines (such as isoproterenol, epinephrine, norepinephrine, dopamine, and dobutamine), regardless of how you take the medicine (by mouth, inhaled, or by injection).
ONGENTYS and other medicines may affect each other causing side effects. ONGENTYS may affect the way other medicines work, and other medicines may affect how ONGENTYS works.
What should I avoid while taking ONGENTYS?
Do not drive, operate machinery, or do other dangerous activities until you know how ONGENTYS affects you.
What are the possible side effects of ONGENTYS?
ONGENTYS may cause serious side effects, including:
- Falling asleep during normal activities such as driving a car, talking or eating while taking ONGENTYS or other medicines used to treat Parkinson's disease, without being drowsy or without warning. This may result in having accidents. Your chances of falling asleep while taking ONGENTYS are higher if you take other medicines that cause drowsiness.
- Low blood pressure or dizziness, light headedness, or fainting.
- Uncontrolled sudden movements (dyskinesia). ONGENTYS may cause uncontrolled sudden movements or make such movements worse or happen more often.
- Seeing, hearing, or feeling things that are not real (hallucinations), believing things that are not real (delusions), or aggressive behavior.
- Unusual urges (impulse control and compulsive disorders) such as urges to gamble, increased sexual urges, strong urges to spend money, binge eating, and the inability to control these urges.
Tell your healthcare provider if you experience any of these side effects or notice changes in your behavior.
The most common side effects of ONGENTYS include uncontrolled sudden movements (dyskinesia), constipation, increase in an enzyme called blood creatine kinase, low blood pressure, and weight loss.
These are not all of the possible side effects of ONGENTYS. Call your healthcare provider for medical advice about side effects. You may report side effects to FDA at 1-800-FDA-1088.
Please see ONGENTYS full Product Information.
About Parkinson's Disease
Parkinson's disease is a chronic, progressive, and debilitating neurodegenerative disorder that affects approximately 1 million people in the U.S. and 6 million people worldwide. Parkinson's disease is associated with low dopamine levels produced in the brain. Dopamine helps transmit signals between the areas of the brain that control all purposeful movements, including talking, walking, and writing. As Parkinson's disease progresses, dopamine production steadily decreases, resulting in increased problems with motor symptoms including slowed movement (bradykinesia), tremor, rigidity, impaired posture and balance, and difficulty with speech and writing.
There is presently no cure for Parkinson's disease and management of the disease consists of the use of treatments that attempt to control motor symptoms primarily through dopaminergic mechanisms. The current gold standard for treatment of motor symptoms is levodopa/carbidopa. While levodopa/carbidopa improves patients' motor symptoms, as the disease progresses, the beneficial effects of levodopa begin to wear off more quickly. Patients then experience motor fluctuations throughout the day between "on" time, periods when the medication is working and Parkinson's disease symptoms are controlled, and "OFF" time, when the medication is not working and motor symptoms return.
About Neurocrine Biosciences
Neurocrine Biosciences is a neuroscience-focused, biopharmaceutical company with a simple purpose: to relieve suffering for people with great needs, but few options. We are dedicated to discovering and developing life-changing treatments for patients with under-addressed neurological, neuroendocrine, and neuropsychiatric disorders. The company's diverse portfolio includes FDA-approved treatments for tardive dyskinesia, Parkinson's disease, endometriosis* and uterine fibroids*, as well as over a dozen mid- to late-stage clinical programs in multiple therapeutic areas. For three decades, we have applied our unique insight into neuroscience and the interconnections between brain and body systems to treat complex conditions. We relentlessly pursue medicines to ease the burden of debilitating diseases and disorders, because you deserve brave science. For more information, visit neurocrine.com, and follow the company on LinkedIn, Twitter and Facebook. (*in collaboration with AbbVie).
Neurocrine, the Neurocrine logo, and ONGENTYS are registered trademarks of Neurocrine Biosciences, Inc.
Forward-Looking Statements
In addition to historical facts, this press release contains forward-looking statements that involve a number of risks and uncertainties. These statements include, but are not limited to, statements related to the benefits to be derived from Neurocrine's products and product candidates. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are: our future financial and operating performance; risks associated with the commercialization of ONGENTYS; risks and uncertainties associated with the scale and duration of the COVID-19 pandemic and resulting global, national, and local economic and financial disruptions; risks related to the development of our product candidates; risks that the FDA or other regulatory authorities may make adverse decisions regarding our products or product candidates; risks that our products, and/or our product candidates may be precluded from commercialization by the proprietary or regulatory rights of third parties, or have unintended side effects, adverse reactions or incidents of misuse; risks associated with potential generic entrants for our products; risks associated with our dependence on BIAL for manufacturing activities for ONGENTYS, and our ability to manage BIAL; risks that clinical development activities may not be completed on time or at all, or may be delayed for regulatory, manufacturing, COVID-19 or other reasons, may not be successful or replicate previous clinical trial results, may fail to demonstrate that our product candidates are safe and effective, or may not be predictive of real-world results or of results in subsequent clinical trials; risks that the potential benefits of the agreements with our collaboration partners may never be realized; and other risks described in our periodic reports filed with the SEC, including without limitation our quarterly report on Form 10-Q for the quarter ended March 31, 2022. Neurocrine disclaims any obligation to update the statements contained in this press release after the date hereof.
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SOURCE Neurocrine Biosciences, Inc. | https://www.kxii.com/prnewswire/2022/06/06/neurocrine-biosciences-presents-data-sleep-disturbances-off-time-patients-with-parkinsons-disease-motor-fluctuations-sleep-2022/ | 2022-06-06T12:56:55Z |
EAST NORWICH, N.Y., Aug. 3, 2022 /PRNewswire/ -- Today, the CANA Foundation and Wild Horse Education (WHE) filed documents in Reno Federal District court for a Temporary Restraining Order (TRO) against the Bureau of Land Management (BLM) roundup at the Blue Wing complex north of Lovelock citing First Amendment infringements.
Last month the organizations filed a complaint in the same district court against the lack of public process and science-based information incorporated into the 2017 Environmental Assessment (EA), the "ten year Gather-EA," the agency is using to do multiple roundups in the 2 million acre complex zone. (case number: 2:22-cv-01200)
The current operation targets 800 burros and 200 wild horses. A roundup in the same complex in 2020 captured 1,653 wild horses and 220 wild burros. The organizations state; BLM has failed to create open and transparent management planning, with a lack of current data and a failure to incorporate the use of modern day science.
Manda Kalimian of Cana Foundation states, " As American citizens we are entitled to have a voice as to the process and a right to transparency of the actions of our federal government. Without the use of modern day science and transparency, our government is ignoring their obligation to the American tax payer."
On the first day of operations BLM reported that 174 wild burros were captured, nearly 25% of the targeted goal. Four burros were roped and a one broke her neck. Observers were placed more than a mile from the trap location, for most of the day. The trap was blocked with trailers, moving the burros to a temporary corral that will be off- limits to public observation, preventing observers to witness for themselves these reports.
The burros will be shipped from the temporary corrals to an off-limits holding facility. Once again, hidden from observation.
"It is becoming increasingly common for BLM, particularly BLM in Nevada, to hide their activities from observers. Therefore denying us our first amendment rights as guaranteed by the constitution." States Laura Leigh of Wild Horse Education.
"An open government has been a hallmark of our democracy since our nation's founding," U.S. District Judge Michael Simon wrote when finalizing his order to stop federal police from arresting or assaulting journalists and legal observers for doing their jobs during the Portland riots, citing precedent from the Ninth Circuit case Leigh v. Salazar. "When wrongdoing is underway, officials have great incentive to blindfold the watchful eyes of the fourth estate. The free press is the guardian of the public's interests and the independent judiciary is the guardian of the free press."
Leigh continued, "It amazes me that the hard-fought ruling we won to gain meaningful access to view roundups and assess the condition of wild horses, burros and public range lands can help journalists covering riots, but we still have to fight to gain meaningful access to a roundup.
The groups state that their relationship to the land, wild horses and burros and wild species, is an essential part of public process guaranteed by the U.S. Constitution. The U.S. Constitution also guards the public's "right to know."
The groups remain committed to exposing the deficits in the BLM on range program, wild horse and burro management, and their work to bring science and proper management tools into a reality.
SOURCE: CANA Foundation
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SOURCE CANA Foundation | https://www.wibw.com/prnewswire/2022/08/03/rewilding-wild-horse-preservation-orgs-file-court-protect-first-amendment-rights/ | 2022-08-03T23:32:46Z |
CHANGZHOU, China, July 21, 2022 /PRNewswire/ -- A TrendForce EnergyTrend report for Q2 2022 says 56 cell manufacturers, accounting for about 80% of all cell makers, can now produce 210mm cells, representing a year-on-year growth of 51%. Moreover, 23 module makers have now adopted 600W+ technology.
As the cost of polysilicon keeps growing, the need to increase efficiency, reduce costs and improve IRR on projects has become more pressing than ever. Large and ultra-high power PV products are advancing rapidly because of high power, efficiency, reliability and immense cost benefits. They now account for 80% of capacity and shipments of wafers, cells, and modules, and have thus become the mainstream of the market.
Trend: 23 businesses adopt 600W+ as high-power modules become focus of tenders
TrendForce tender figures show that the ratio of large 182 & 210mm (including 210R) modules being bought and in use has increased significantly. An analysis of the announced 89.4GW of PV module tenders indicates that about 72.2GW (77%) of them have no specific size requirements and merely want power of 530W and above. 17.2GW of tenders have specific module size requirements, of which large (182 & 210mm) variations account for 13.97GW, or 81.2%.
Large high-power modules are becoming mainstream, particularly in ground power stations. Large distributed PV products are also expected to grow rapidly in the thriving market.
Capacity of 210mm wafers rose 172%, with the share of large-sized wafers exceeding 80%
Newly established capacity during the first half of 2022 was mostly compatible with large 182 & 210mm wafers. The TrendForce EnergyTrend survey points to large wafers (182 & 210mm) reaching 422.6GW of capacity this year, a ratio of 83.1%, of which 210mm wafers accounting for 164GW (32.25%), a year-on-year increase of 172% (60.1GW in 2021). Large wafers (182 & 210mm) will have market share of 89.97% by 2023, 210mm accounting for 274.6GW, or 46.35%.
Progress made in wafer thinning has exceeded initial expectations, yielding a sizable reduction in wafer consumption. Businesses faced with stubbornly high prices of raw materials are constantly reducing their use of wafers by rapidly switching from 165μm to 160/155μm, and will continue the move toward 150μm. Wafer consumption is thus expected to drop from 2.7-2.8g/W in 2021 to about 2.6g/W.
80% of businesses can produce 210mm cells under accelerated iteration between old and new capacity
The deployment of large 182 & 210mm (including 210R) cells is steadily falling in line with business' capacity upgrades and iterations, as well as their shift in demand. According to the TrendForce study, the combined capacity of 182 & 210mm (including 210R) is now about 82.5%, while large cells (182 & 210mm) are likely to reach capacity of 593.25GW in 2023, and total capacity of 210mm cells will possibly reach 380.4GW and market share of 57.59%.
Large modules accounted for nearly 80% of shipments in Q1 2022
Major module makers generated combined shipments of 34.31GW in Q1 2022, large modules (182 & 210mm) accounting for about 27.26GW, or 79%. Falling demand for M6 and smaller modules is reflected in a pick-up in the shipment of large modules. Major modules makers are expected to ship a total of 203-230GW throughout 2022, and shipments of 210mm modules (including 210R) will rise rapidly.
210 + N-Type technology has been on the way
As PERC is reaching the cut-off point of efficiency improvement and the cost of materials, transportation and land increases, a further improvement in conversion efficiency, reduction in system costs and acceleration in iteration and upgrades for N-type technology are becoming essential for PV businesses seeking competitive advantage. Thus, 210mm products emerged, and adding up any advanced technology could be possible thanks to the openness and extensive compatibility.
Last month, Trina Solar announced capacity expansion in Xining Plant, focusing on the new N-type and 210 technology, which will enable the company to create increased value for customers as a major supplier of main materials. Module power output will be expected to reach 700W and above with the combination of N-type and 210 technology.
The collocation of large-sized products and advanced technology has opened up additional space for efficiency improvement and cost reduction. 210mm + N-type continue to optimize LCOE. It may also further increase the ratio of PV in renewable energy, and serve the cause of carbon peaking and neutrality goals.
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SOURCE TrendForce | https://www.wibw.com/prnewswire/2022/07/21/23-manufacturers-adopt-600w-capacity-210-wafers-cells-modules-achieve-80/ | 2022-07-21T08:16:49Z |
HONG KONG, May 17, 2022 /PRNewswire/ -- Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. ("TTI" or the "Group") (stock code: 669, ADR symbol: TTNDY) is pleased to announce the appointment of Mr. Ross Gilardi to Senior Vice President of Finance - Investor Relations, effective July 5th, 2022. Mr. Gilardi will be based in the US and assume responsibility for TTI Investor Relations globally. He will report to Chief Executive Officer Mr. Joseph Galli.
Mr. Gilardi joins the team after a distinguished 23-year career as a highly respected and highly rated equity research analyst with Bank of America – Merrill Lynch. His outstanding equity research career included 4 years in the United Kingdom and 20 years in the United States where he ranked as one of the top global research analysts in both the US and European Institutional Investor polls across multiple industry categories. He brings a wealth of industry experience with strong global investor relationships to his new role. Mr. Gilardi has a BA in Economics from Boston College and an MBA from Columbia Business School.
Mr. Galli, CEO, said, "Over the past 18 months, Ross has developed a thorough understanding of TTI's vast potential. Ross' experience in capital markets, combined with his strong relationships within the global financial community, will be a great asset as we continue to expand our world class investor base."
About TTI
Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world leader in cordless technology spanning Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products for the consumer, professional, and industrial users in the home, construction, maintenance, industrial and infrastructure industries. The Company has a foundation built on four strategic drivers – Powerful Brands, Innovative Products, Exceptional People and Operational Excellence - reflecting a long-term expansive vision to advance cordless technology. The global growth strategy of the relentless pursuit of product innovation has brought TTI to the forefront of its industries. TTI's powerful brand portfolio includes MILWAUKEE, AEG and RYOBI power tools, accessories, hand tools and outdoor products, EMPIRE layout and measuring products, and HOOVER, ORECK, VAX and DIRT DEVIL floorcare and cleaning products.
TTI is one of the constituent stocks of the Hang Seng Index, FTSE RAFI™ All-World 3000 Index, FTSE4Good Developed Index and MSCI ACWI Index. For more information, please visit www.ttigroup.com.
All trademarks listed other than AEG and RYOBI are owned by the Group. AEG is a registered trademark of AB Electrolux (publ.), and is used under license. RYOBI is a registered trademark of Ryobi Limited, and is used under license.
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SOURCE Techtronic Industries Co. Ltd. | https://www.wibw.com/prnewswire/2022/05/17/tti-appoints-ross-gilardi-senior-vice-president-finance-investor-relations/ | 2022-05-17T10:39:50Z |
AUBURN, Wash., June 10, 2022 /PRNewswire/ -- Industrial Realty Group, LLC (IRG), one of the largest industrial real estate developers in the nation, is proud to announce the acquisition of the 129-acre, former U.S. General Services Administration (GSA) site located in Auburn, Washington and the commencement of construction and conversion to Auburn 18 Business Park.
"We regularly seek out sustainable projects with adaptive reuse potential. In Auburn, our plan includes both investing in the improvement of the existing campus and creating new, state-of-the-art buildings – it's an exciting, robust project," said John A. Mase, Chief Executive Officer of IRG.
The existing 1.4 million sq. ft. campus includes eight buildings, which are being renovated, with the government leasing back two of the buildings. New construction plans include one million square feet in eight new buildings, increasing the total square footage on site to 2.4 million.
"The support of the GSA and the Auburn community has created an environment that will foster future investment on site. We are thrilled to begin the process of securing job-creating tenants," said Stuart Lichter, President of IRG. "Repositioning former military and government-owned projects is something we've done very successfully in the past, and we're excited to do pursue this effort in Auburn."
The property is in a prime location, near Interstate 5 and the intersection of State Routes 167 and 18. It sits between the Ports of Tacoma and Seattle and features dual rail service from BNSF and Union Pacific. The BNSF main switching yard is immediately across the street.
"IRG is pleased to revitalize the campus and bring more jobs to the community," said Mase.
"The leasing team envisions a broad spectrum of tenants that could include a variety of industrial, manufacturing, light assembly, and retail uses," said Lichter. "This project really has it all in terms of development, configuration, and connectivity."
Monte Decker, Senior Vice President with CBRE is leading leasing efforts and can reached by email at monte.decker@cbre.com or by phone at (253) 596-0041.
IRG is a nationwide real estate development and investment firm specializing in the acquisition, development and management of commercial and industrial real estate throughout the United States. IRG, through its affiliated partnerships and limited liability companies, operates a portfolio containing over 150 properties in 31 states with over 100 million square feet of rentable space. IRG is nationally recognized as a leading force behind the adaptive reuse of commercial and industrial real estate, solving some of America's most difficult real estate challenges. Learn more at www.industrialrealtygroup.com.
For more information, contact:
Lauren Crumrine, Director of Marketing
Industrial Realty Group, LLC
614-562-9252
lcrumrine@industrialrealtygroup.com
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SOURCE Industrial Realty Group, LLC | https://www.kxii.com/prnewswire/2022/06/10/irg-acquires-former-gsa-site-auburn-wa-begins-conversion-auburn-18-business-park/ | 2022-06-10T14:22:54Z |
Former CIA officer, industry veteran, to drive and strengthen world-leading provider in integrated risk management's growth strategy
ANNAPOLIS, MD, June 6, 2022 /PRNewswire/ - Leading global integrated risk management firm Crisis24, a GardaWorld company, announced today the hiring of Matthew Bradley as Senior Vice President of Risk Solutions for the Americas.
In his role, Bradley will accelerate and execute the firm's growth strategy as the team continues to expand and strengthen its leading market position to the world's most influential people, disruptive brands, and prominent organizations.
Bringing nearly 15 years of experience with the Central Intelligence Agency serving in Honduras, Argentina, Chile, and Washington, D.C., Bradley has also worked in the private sector holding a variety of positions with risk management firms including OnSolve LLC, International SOS, and Control Risks.
"The unrivaled strength and breadth of our experience and expertise are why the world's leading organizations choose Crisis24. We are pleased that Matthew chose to join our team of dynamic experts to execute and expand on our unmatched integrated risk services," said Grégoire Pinton, Managing Director and Global Head of Integrated Risk Management. "Matt brings a depth of experience and knowledge in security, intelligence, and risk/crisis management from both the public and private sectors, and his demonstrated success in understanding and meeting customers' needs will make him a vital asset as we continue setting and exceeding our goals."
Bradley holds undergraduate degrees from Rice University in Houston, Texas, and a Master of Business Administration from Saint Joseph's University in Philadelphia, Pennsylvania. Click here to read his full bio.
Crisis24, a GardaWorld company, is widely regarded as the leading integrated risk management, crisis response, consulting, and global protective solutions firm, serving the world's most influential people, disruptive brands, and prominent organizations. Championed by our advanced Global Operation Centers and our skilled team of intelligence analysts, we offer highly specialized services, 24/7 security and consulting, with the technology and Artificial Intelligence to power it all across the globe. For more information, visit www.crisis24.com.
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SOURCE Crisis24 | https://www.wibw.com/prnewswire/2022/06/06/crisis24-welcomes-matthew-bradley-senior-vice-president-risk-solutions-americas-executive-team/ | 2022-06-06T13:39:30Z |
MIAMI, June 29, 2022 /PRNewswire/ -- Brand Institute's Senior Vice President of Regulatory Affairs for the company's Nonproprietary Naming Division, Sandra Van Laan, B.S., is pleased to share new guidance on monoclonal antibody naming, published by INN in November 2021. This guidance affects any pharmaceutical manufacturers who have not yet received nonproprietary name approval for a monoclonal antibody under the previous nomenclature guidance.
Ms. Van Laan has spent her entire professional career in nonproprietary naming, first as part of the USAN Secretariat, and now with Drug Safety Institute, Brand Institute's regulatory subsidiary, providing expert regulatory advice to clients on drug naming within USAN/INN parameters. Handcrafted nonproprietary names are created using current guidelines and are carefully screened, thus having an increased chance of regulatory approval.
Prior to joining Brand Institute, Ms. Van Laan was employed for 26 years at the American Medical Association (AMA) where she served as Associate Secretary to the USAN Council (USANC). In her work with the USANC, she shared in the responsibility for the creation and approval of nonproprietary names by negotiating name candidates with the members of the USAN Council, the submitting manufacturers, and the INN Programme. Through a process based on stem classification, one name that was found acceptable by all would be "adopted" or approved for marketing the drug compound in the US.
While at USAN, Ms. Van Laan authored the pronunciation guidelines that are still the industry standard.
Brand Institute is the global leader in brand name and identity development, providing a broad portfolio of branding and naming related services, including brand strategy, name development, trademark searches, market research, regulatory services, and visual identity solutions.
Drug Safety Institute (DSI) is a wholly owned subsidiary of Brand Institute that provides Brand Institute's healthcare clients with industry-leading guidance pertaining to drug name safety, packaging, and labeling. DSI is comprised of former naming regulatory officials from global government health agencies, including FDA, EMA, Health Canada, AMA, and the WHO.
Contact:
James Dettore
Chairman & C.E.O.
jdettore@brandinstitute.com
www.brandinstitute.com
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SOURCE Brand Institute, Inc. | https://www.kxii.com/prnewswire/2022/06/29/brand-institute-svp-nonproprietary-naming-division-shares-naming-guidance-evolving-nomenclature-schemes-set-forth-by-regulatory-agencies-usan-inn/ | 2022-06-29T13:50:14Z |
Justin Bieber at the Met Gala in New York City in September 2021. Bieber announced that he is taking a break from performing because he is suffering from paralysis on one side of his face.
"It is from this virus that attacks the nerve in my ear and my facial nerves and has caused my face to have paralysis," he said in the video. "As you can see this eye is not blinking. I can't smile on this side of my face; this nostril will not move. So there's full paralysis on this side of my face."
According to the Mayo Clinic, Ramsay Hunt syndrome "occurs when a shingles outbreak affects the facial nerve near one of your ears. In addition to the painful shingles rash, Ramsay Hunt syndrome can cause facial paralysis and hearing loss in the affected ear."
Bieber addressed those who have been frustrated by the recent cancellations of his concerts and said he's "physically, obviously, not capable of doing them."
"This is pretty serious, as you can see. I wish this wasn't the case, but, obviously, my body's telling me I've got to slow down," he said. "I hope you guys understand. I'll be using this time to just rest and relax and get back to a hundred percent so that I can do what I was born to do."
He thanked his fans for being patient, said he's been doing facial exercises to help. He said he doesn't know how long it will take for him to recover, but earlier this week, it was announced that three of his upcoming performances were postponed.
"It's going to be ok,," he said. "I have hope, and I trust God."
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accounts, the history behind an article. | https://www.albanyherald.com/entertainment/justin-bieber-says-he-has-facial-paralysis-due-to-ramsay-hunt-syndrome/article_c178aa2e-d77f-500f-a3d8-61572cbcb167.html | 2022-06-10T21:17:33Z |
Raise makes Ohio State’s Day one of highest-paid coaches
By MITCH STACY
AP Sports Writer
Ohio State plans to hike Ryan Day’s annual salary to $9.5 million as part of a two-year contract extension that will put him among the nation’s highest-paid college football coaches. Day’s raise makes him the latest coach to crack $9 million per year, putting him in company with Alabama’s Nick Saban and Clemson’s Dabo Swinney and in line with recent megadeals given to Michigan State’s Mel Tucker and LSU’s Brian Kelly. In three seasons, Day has led the Buckeyes to a 34-4 record, including 23-1 in the Big Ten. | https://localnews8.com/sports/ap-national-sports/2022/05/18/raise-makes-ohio-states-day-one-of-highest-paid-coaches/ | 2022-05-18T19:18:27Z |
NEW YORK, May 9, 2022 /PRNewswire/ -- Attention Stronghold Digital Mining, Inc. ("Stronghold Digital Mining, Inc.") (NASDAQ: SDIG) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors. This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Stronghold Class A common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company's October 2021 initial public offering.
If you suffered a loss on your investment in Stronghold Digital Mining, Inc., contact us about potential recovery by using the link below. There is no cost or obligation to you.
https://www.wongesq.com/pslra-1/stronghold-digital-mining-inc-loss-submission-form?prid=26900&wire=4
ABOUT THE ACTION: The class action against Stronghold Digital Mining, Inc. includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (1) contracted suppliers, including MinerVa Semiconductor Corp., were reasonably likely to miss anticipated delivery quantities and deadlines; (2) due to strong demand and pre-sold supply of mining equipment in the industry, Stronghold would experience difficulties obtaining miners outside of confirmed purchase orders; (3) as a result of the foregoing, there was a significant risk that Stronghold could not expand its mining capacity as expected; (4) as a result, Stronghold would likely experience significant losses; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
DEADLINE: June 13, 2022
Aggrieved Stronghold Digital Mining, Inc. investors only have until June 13, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong | https://www.wibw.com/prnewswire/2022/05/09/class-action-alert-law-offices-vincent-wong-remind-stronghold-digital-mining-inc-investors-lead-plaintiff-deadline-june-13-2022/ | 2022-05-09T10:01:32Z |
Independent Wealth Management Firm's Success Credited to Internal Team, Strategic Partnerships, and Fiduciary Business Model
SCHAUMBURG, Ill., June 28, 2022 /PRNewswire/ -- Puzzle Wealth Solutions (Puzzle), an independently owned and operated wealth management company headquartered in Schaumburg, celebrates their one-year anniversary on June 11, 2022. By partnering with powerhouse companies Gladstone Wealth Partners (Gladstone), AZELLA Advisor (Azella), and Insight Financial Partners (Insight), Puzzle is set to surpass their 2022 expectations.
The 11-person team reached approximately $1 billion in client assets under management (AUM) in the first six months of operations, bringing about 90% of their clients to the new company after core team members left a national financial services firm to establish their own privately-held wealth management firm. Puzzle is expected to surpass $2 billion AUM in 2022 and is actively seeking additional financial professionals to join the Puzzle team through their Puzzle Wealth Partners solution, which offers pre-transition, transition, and post-transition support for fellow financial advisors seeking a more efficient, client-first business model.
"Every advisor is different. That's why every partnership we form is so unique," said Karoline O'Connor, Business Development at Puzzle. "Come as you are. We'll find your fit. We'll help you figure out how to put the pieces of your business together, even explore options you didn't even know you had. We remain custodian independent as we find the right fit for you. You might be just wanting to start your own practice, or maybe you are looking for ways to capitalize on your business as an asset. Either way we're here to help."
Communities, teams, and puzzles all have one thing in common: when they come together, they are greater than the sum of their parts.
Gladstone, a financial services firm and SEC Registered Investment Advisor that supports financial advisors nationwide, announced the partnership in June of 2021 as their latest recruiting victory. Kristopher Bonocore, President of Gladstone, said, "Partnerships and independence are what the relationship has offered. Growing stronger together has allowed us to expand our support and services to other advisors."
Azella, a digital marketing platform and service solution for financial services firms and investment advisors, has been working with Puzzle and Gladstone to build out the Puzzle brand and establish a strong online presence. Gladstone and Azella have been working together on internal and external marketing initiatives since Azella's founding in 2020. "Azella helps independent financial advisors quickly – and powerfully – brand and market their firms with innovative, effective design and hyper-relevant content so that they can easily connect with clients who need professional financial planning and investment management services," said Azella CEO and Founder David Roberson.
The pairing with Insight, an advisory firm that specializes in the fiduciary support services of employer sponsored retirement plans, happened during Q1 2022. Insight's Michael Smith, who leads the institutional consulting services for the wealth management firm, said, "Our relentless focus on the mitigation of fiduciary risk, combined with our uncompromising commitment to advise in the best interests of our plan participants and their beneficiaries are the cornerstones of what defines us as a partner," said Michael K. Smith, Managing Partner.
Puzzle prides itself on finding solutions for their clients and advisors alike. They work diligently to be thought of as more than investment advisors. Clients can discuss a broad array of financial needs such as estate planning, business sales, refinancing homes, alternative investments, multi-generational dynamics and more. Puzzle will work to find a solution as they serve their high-net-worth clients and care for their most valuable assets.
The advisors who partner with Puzzle are an important part of solving client issues. The Puzzle team thinks unconventionally to create new solutions and clients are educated on every level. Puzzle's philosophy is that each person's financial needs are unique, therefore the solutions should be too.
"Puzzle advisors help solve pressing issues for clients. If you come in the door as a client, you know that we're agnostic, we're going to strive to find the best solution for you," said Puzzle founder and CEO John Klaas Jr. "We see complex challenges as opportunities and it shows both in our name and in those we work with. From executive to practitioner, our expertise catering to those with specific and complex needs makes us particularly experienced to help you work toward reaching your goals. You hand us the puzzle and we'll hand you a solution."
Klaas and Puzzle President David Millington recently spoke with Mindy Diamond of Diamond Consultants. In this industry-specific podcast, Klaas stated, "Puzzle is not here to be small. Puzzle is here to grow and help the other financial advisors in our industry. Gladstone's doing the same thing. They're trying to allow people to become independent and pool together and create efficiencies with scale. We want to be a solutions group on top of the Gladstone network."
Millington ended the podcast by stating that Puzzle has its sights set on $5 billion. "We want Puzzle to someday have more of a national footprint," sharing that the company is exploring other states such as Florida, Texas, and Colorado.
Listen to the podcast in its entirety here: https://www.diamond-consultants.com/podcast-puzzle-wealth/
Founded in 2021, Puzzle Wealth Solutions' financial professionals offer advisory services through Gladstone Institutional Advisory, a registered investment advisor. Puzzle is a well-seasoned independent wealth management team working with executives, business owners, and practitioners to solve complex puzzles and create honest, efficient financial solutions. Puzzle CEO John Klaas started in 1988 as a solo practitioner, and the firm has grown into a 12-person team. Now based in Schaumburg, Ill., the Puzzle team focuses on financial planning, estate planning and portfolio management, with an understanding that this important work makes a significant impact in their clients' lives. "We want our clients to trust us like their doctor, attorney or respected family member," Klaas said. "We value what's important to our clients and understand that money is just a tool so they can truly do what's meaningful in their lives." Learn more about Puzzle at www.PuzzleWealth.com.
Founded in 2013, Gladstone Wealth Partners was created by advisors, for advisors in order to help them reach their maximum potential when going independent. Gladstone provides the necessary tools for advisors to have a complete independent business to include transition assistance, full-time compliance support, marketing assistance, human resources support, administrative assistance to name a few. Based in Chester, NJ, Gladstone Wealth Partners is a rapidly growing Registered Investment Advisor (RIA) with advisors nationwide. Gladstone helps advisors transition from running a practice to building a business, and ultimately receiving enterprise valuations. Securities are offered through LPL Financial, Member FINRA/SIPC. Investment advice is offered through Gladstone Institutional Advisory, LLC, a registered investment advisor. Gladstone Institutional Advisory, LLC and Puzzle Wealth Partners are separate entities from LPL Financial. Learn more at www.WhyWouldYouStay.com. Learn more about Gladstone at www.GladstoneWealth.com.
Insight Financial Partners, an advisory firm specializing in the fiduciary support services of employer sponsored retirement plans, collaborates with employer plan sponsors in an independent and objective manner, and is passionately dedicated to serving working Americans who we fundamentally believe they deserve to achieve financial independence and retire with dignity on their own terms. Learn more about www.InsightFPllc.com.
Founded in 2020, AZELLA Advisors (Azella) uses modern marketing communication strategies to empower established or transitioning independent advisors with the tools they need to succeed. Harnessing over 10 years of experience in marketing, branding, and development in the financial advisory industry, the Azella team has perfected a proven process for driving awareness and growth. The Azella Advisor Method enables advisors to quickly establish credibility and grow their businesses utilizing today's innovative technology solutions coupled with Azella's professional business development insights and marketing advice. Azella's full-service SaaS marketing platform includes automated branding, dynamic website building, AI marketing and matchmaking for financial advisors. Learn more about Azella at www.Azella.io.
Puzzle Wealth Solutions, Gladstone, Insight Financial Partners, Azella Advisors and LPL Financial are separate entities.
MEDIA CONTACTS:
Marie Swift or Grace Vogelzang
Impact Communications, Inc.
913-649-5009
ImpactMediaManager@ImpactCommunications.org
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SOURCE Puzzle Wealth Solutions | https://www.mysuncoast.com/prnewswire/2022/06/28/puzzle-wealth-solutions-celebrates-one-year-anniversary-with-expected-growth-2-billion-assets-under-management-by-year-end/ | 2022-06-28T12:06:24Z |
SEATTLE, July 11, 2022 /PRNewswire/ -- The iconic Space Needle is partnering with local Seattle based designer Luly Yang Design Group for new team member uniforms. Working to innovate the uniform industry towards elevating style, performance and pride, Luly Yang brings her experience in design, architecture, and her understanding of the human form, creating a one-of-a-kind Space Needle uniform collection.
"We are so pleased to bring Luly Yang's beautiful and innovative designs to the Space Needle," says Chief Marketing Officer Karen Olson. "The shapes and colors of the uniforms were thought out perfectly to represent the iconic Space Needle reimagined in a uniform. The Luly Yang brand champions our values of: innovation, engineering, and sustainability."
The Space Needle uniform design was inspired by the iconic shape of the building's silhouette. The garment's seams, color blocks, textures, and reflective trims were designed to mirror architectural lines while also flattering the human body. The Space Needle's brand was referenced for the colors and logos, which were custom created for the collection, as well as the important functional requirements for different front line team members.
Seattle-based architecture firm Olson Kundig, was awarded the American Institute of Architect's 2022 National Architecture Honor Award for their work on the Space Needle's $100M Century Project, which served as inspiration for the custom print, creating a sporty texture that adds dimension to the garments.
"The Space Needle is an architectural landmark known across the globe, and I am honored to have been given the opportunity to create the new custom uniform program for its team," says Luly Yang, Creative Director of Luly Yang Design Group. "It is a dream come true to bring the beautiful, recognizable design details from the building into the garments themselves."
To view photos of the collection and video of the uniforms in action at the Space Needle, visit spaceneedle.com/lulyyang.
Space Needle and Luly Yang Design Group representatives are both available for interviews.
Built as the centerpiece and inspiration for the 1962 Seattle World's Fair, the Space Needle has since become a part of the Seattle experience and the globally-recognized icon for the city. The Space Needle's recent $100 million renovation added more than 176 tons of glass to the structure offering unparalleled views of Seattle, and houses The Loupe—the world's first revolving glass floor. Open year- round, the Space Needle hosts more than a million visitors per year. For more information visit: www.spaceneedle.com/press.
Luly Yang is a couture fashion and product designer who seeks to elevate the human experience through innovative designs. This mission flows through a dynamic portfolio of multifaceted operations that include Luly Yang Couture, her award-winning fashion house founded in 2000, that specializes in couture red carpet evening wear, bridal, and bespoke suiting; the Luly Yang Design Group that designs and manufactures custom branded corporate uniforms; and specialty lines featuring limited edition Travel wear, ready-to-wear and accessories. LYC and LYDG are entirely operated by a diverse group of talented women from varying backgrounds and solely owned by Yang.
CONTACT:
Maren McKay, Public Relations
MarenM@spaceneedle.com
Desk: (206) 905-2184
Cell: (617) 470-8118
CONTACT:
Vivian Hsu
marketing@lulyyang.com
@LulyYangCouture
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SOURCE Space Needle | https://www.kxii.com/prnewswire/2022/07/11/space-needle-partners-with-luly-yang-design-group-innovative-new-uniforms/ | 2022-07-11T15:26:08Z |
NEW YORK, June 22, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against IonQ, Inc. ("IonQ" or the "Company") (NYSE: IONQ) and certain of its former officers. The class action, filed in the United States District Court for the District of Maryland, and docketed under 22-cv-01536, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired IonQ securities between March 30, 2021 and May 2, 2022, inclusive (the "Class Period"). Plaintiff pursues claims against the Defendants under the Securities Exchange Act of 1934 (the "Exchange Act").
If you are a shareholder who purchased or otherwise acquired IonQ securities during the Class Period, you have until August 1, 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.
IonQ claims to "develop quantum computers designed to solve the world's most complex problems."
On or about September 30, 2021, IonQ became a public entity via business combination with dMY Technology Group, Inc. III, a special purpose acquisition company.
The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that IonQ had not yet developed a 32-qubit quantum computer; (2) that the Company's 11-qubit quantum computer suffered from significant error rates, rendering it useless; (3) that IonQ's quantum computer is not sufficiently reliable, so it is not accessible despite being available through major cloud providers; (4) that a significant portion of IonQ's revenue was derived from improper round-tripping transactions with related parties; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On May 3, 2022, Scorpion Capital released a research report alleging, among other things, that IonQ is a "scam built on phony statements about nearly all key aspects of the technology and business." It further claimed that the Company reported "[f]ictitious 'revenue' via sham transactions and related-party round-tripping."
On this news, the Company's stock fell $0.71, or 9.03%, to close at $7.15 per share on May 3, 2022, on unusually heavy trading volume.
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.mysuncoast.com/prnewswire/2022/06/23/pomerantz-law-firm-announces-filing-class-action-against-ionq-inc-certain-former-officers-ionq/ | 2022-06-23T03:40:55Z |
BEIJING, June 8, 2022 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung," "we," "our" or "us"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today announced that its operating affiliate eMapgo Technology (Beijing) Co., Ltd. ("EMG"), a leading provider of navigation and electronic map services in China, has signed a software service contract to provide a digital twin service system, HD Map geographic information services and vehicle-road collaboration ("V2X") services for the smart highway monitoring center of the Heze section of the Puyang-Yangxin Expressway ("Puxin Expressway Heze Section"), which extends more than 400 kilometers from Puyang, Henan Province to Yangxin, Shandong Province.
Luokung's self-developed highway digital twin visualization management and control platform (the "Platform") is based on the Luokung Smart Digital Base and integrates multi-source data such as HD Maps, environmental and meteorological monitoring, real-time highway traffic, road, bridge and culvert infrastructure sensor monitoring. The Platform provides a significant upgrade from traditional static highway monitoring to a visualized, dynamic and interactive online 3D highway digital twin software service platform, realizing a real-time, accurate display and retrospective restoration of road status and vehicle behaviors covering the entire road section. With the Platform, Luokung expects to implement real-time management of road sections, road network traffic and service intervention, operation situation analysis and judgment, simulations, traffic risk prediction, analysis and prediction of road traffic operation control effect, to meet various highway operation service demands and management needs under both normal and emergency states for highway operation departments.
Mr. Xuesong Song, Luokung's Chairman and CEO, stated, "We are very pleased to announce the launch of the Platform, which Luokung plans to utilize to provide commercial services for the Puxin Expressway Heze Section. We believe that signing this contract to provide services for the smart highway monitoring center of the Puxin Expressway Heze Section is a testament to Luokung's highway digital twin software service platform and products, and to EMG's position in the smart highway industry application field. After the successful implementation of the early-stage national smart highway traffic demonstration projects in Changjiu Expressway which we announced in June 2021, the Company has gradually established a comprehensive smart highway product and services portfolio that supports autonomous V2X, which includes the highway digital twin service platform as a product serving highway operating departments. We are optimistic about the market opportunity presented by highway intelligence services and remain confident in our ability to secure contracts for additional commercial service implementations in the future."
About Luokung Technology Corp.
Luokung Technology Corp. is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS and HD Maps for various industries in China. Backed by its proprietary technologies and expertise in HD Maps and multi-sourced intelligent spatial-temporal big data, Luokung has established city-level and industry-level holographic spatial-temporal digital twin systems and actively serves industries including smart transportation (autonomous driving, smart highway and vehicle-road collaboration), natural resource asset management (carbon neutral and environmental protection remote sensing data service), and LBS smart industry applications (mobile Internet LBS, smart travel, smart logistics, new infrastructure, smart cities, emergency rescue, among others). The Company routinely provides important updates on its website: https://www.luokung.com.
ABOUT EMAPGO
eMapgo, a variable interest entity ("VIE") of Luokung, is a leading provider of navigation and electronic map services in China, as well as a leading provider in Internet map services, geographic information system engineering and other A-level mapping qualifications. EMG possesses the National Class-A qualification certificates of navigable Surveying and Mapping, and actively develops autonomous driving and HD Map services. In March 2021, Luokung closed on the acquisition of EMG through the purchase of the equity interests of Saleya Holdings Limited, which, through a series of contracts between its wholly-owned subsidiary DMG Infotech Co., Ltd. and EMG, made EMG Luokung's VIE. For more information, please visit EMG's website: www.emapgo.com.cn.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding our or our management's expectations, hopes, beliefs, intentions or strategies regarding the future and other statements that are other than statements of historical fact. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate", "believe", "continue", "could", "estimate", "expect", "intend", "may", "might", "plan", "probable", "potential", "should", "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination and analysis of the existing law, rules and regulations and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you the statement herein will be accurate. As a result, you are cautioned not to rely on any forward-looking statements.
CONTACT:
The Company:
Mr. Jay Yu
Chief Financial Officer
Tel: +86-10-6506-5217
Email: ir@luokung.com
Investor Relations:
Ms. Carolyne Sohn
Vice President
The Equity Group Inc.
Tel: 415-568-2255
Email: csohn@equityny.com
Ms. Alice Zhang
Investor Relations Analyst
The Equity Group Inc.
Tel: 212-836-9610
Email: azhang@equityny.com
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SOURCE Luokung Technology Corp. | https://www.kxii.com/prnewswire/2022/06/08/luokung-affiliate-emapgo-commercializes-its-expressway-digital-twin-software-services-puxin-expressway-heze-section/ | 2022-06-08T13:41:01Z |
Helps Automakers, Dealers & Fleet Managers Connect EV Drivers with Public Programs to Offset Home Charging Installation Costs
IRVINE, Calif., Sept. 13, 2022 /PRNewswire/ -- Qmerit, the leading provider of installation services for EV charging and other electrification technologies, today announced an enhancement to its digital services platform for automakers, dealerships and fleet managers that seamlessly integrates available public incentives into the price-estimating process for EV home charging installation. This new feature can accelerate EV adoption by helping retail buyers and home-based fleet drivers take advantage of government and utility programs offering rebates, tax credits and other financial incentives for Level 2 charging installation.
Qmerit's digital services platform provides automakers, dealerships and fleet managers with a co-branded portal where their customers and drivers can request a proposal for Level 2 home charging installation. With Qmerit's new incentive functionality, each upfront estimate will include information on available federal, state and local incentives, helping homeowners make a more informed decision.
This enhancement means that in addition to the convenience Qmerit has always provided, automakers, dealerships and fleet managers can now link their customers and drivers to benefits such as federal tax credits, rebates from states, counties and municipalities, and charging discounts from utilities. The system can even point homeowners to local managed charging programs that help them save on their electrical bills while alleviating strain on the grid.
"Utilities and other entities are offering millions of dollars in incentives for home EV charging, but it's a complex landscape that's constantly shifting, making it tough for EV buyers to identify all available opportunities," said Ken Sapp, Qmerit senior vice president of business development. "Our new solution makes it easy for EV drivers to find the home charging incentives that apply to them at every level—federal, state and local. It's not only good for individual customers, but for addressing a broader awareness gap when it comes to EVs and mass adoption."
According to Consumer Reports' 2022 Battery Electric Vehicle & Low Carbon Fuel Survey, 48% of Americans who haven't owned an EV have never heard of any EV incentives. Only 33% are aware of tax rebates and discounts at the time of purchase or lease, and just 17% know that discounts are available to offset the cost of home charger installation.
"This effort represents one more way that Qmerit is bringing together stakeholders across the EV ecosystem to make the transition away from internal combustion vehicles easier for everyone," said Tom Bowen, president of Qmerit Solutions. "By helping automakers, dealerships and fleet managers connect their customers and drivers with available incentives, Qmerit continues to support the shift to a new, more sustainable era of electrified transportation."
Qmerit's integrated incentive function has been deployed across the company's digital services platform nationwide. Automakers, dealerships and fleet managers that already use Qmerit to provide seamless home charging installation experiences for their customers and drivers will find the enhancement automatically incorporated into their solution. All they need to do is continue sending EV customers and drivers to their installation portal, through a link or a QR code that can be scanned at the dealership. Depending on factors such as where they live and their home setup, homeowners could see their charging installation costs defrayed by up to 100%.
Qmerit is North America's leading provider of implementation solutions for EV charging and other energy transition technologies, simplifying the adoption of electrification for residential and business markets. Qmerit's value-driven services are delivered through a network of company-owned contractors, independent Certified Solutions Partners, and Certified Installers skilled in system implementation and integration. For more information, visit https://qmerit.com/, and connect with us on Twitter, LinkedIn, Facebook, and Instagram.
Qmerit Media Contact
Samantha Graham
samantha.graham@qmerit.com
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SOURCE Qmerit | https://www.wibw.com/prnewswire/2022/09/13/new-qmerit-solution-gives-ev-buyers-easy-access-home-charging-incentives/ | 2022-09-13T17:41:05Z |
Are flat top or pellet grills best?
There isn’t anything like a home-cooked meal. With so many cooking appliance options, it can feel overwhelming to decide what will work best for your needs. Between air fryers and mixers, the marketplace is full of choices to make life in the kitchen much more efficient.
Grills are a common appliance that many can’t go without. However, it can be difficult to keep up with the constant addition of newer models and designs. Flat top grills are a favorite for their overall convenience. Pellet grills are beginning to gain momentum for their ease of use. Determining which one is best for your needs depends on several factors.
Flat top grills
Flat top grills are well-known for their versatility. Consumers love that anything from eggs to burgers can be placed on the grill and cooked to perfection. They also come in a variety of designs. Some require electricity, while others you can use above an open flame or stovetop. Flat top grills come in a range of prices, so you’re likely to find one in your budget. They’re also made from chrome, steel, cast iron and aluminum materials.
Flat top pros
Flat top grills are versatile. They can cook various breakfast foods, including bacon, pancakes and eggs. They can also cook meats, rice, vegetables and more. Flat top grills burn out the fat and excess oil from your food resulting in less grease and fat. Depending on the design, you can use them indoors, outdoors or both. They also come in a range of sizes. Whether you’re cooking for a group or just yourself, there is a size for your needs. Cleanup is easy with flat top grills because the grease can run down, or you can wipe it into the grease traps, which you can then pour out.
Flat top cons
Flat top grills don’t offer the smoky flavor of a traditional grill. They also can’t create the crisscrossed seared look that many love to see on their grilled food. Though flat top grills burn the fat and excess oil out of food, unless you’re constantly wiping off the excess grease, you’ll be cooking in it. Also, some outdoor flat top grills don’t come with a lid.
Best flat tops
This 24-inch, three-burner grill is made with stainless steel and has 25,500 BTUs (British Thermal Units). The grill can be taken on camping trips and is perfect for tailgating. There’s also a removable grease cup for easy cleaning.
Sold by Amazon
Blackstone 36” Cooking Station
This decked-out model comes with a cutting board, paper towel holder and trash bag hooks. With 720 square inches to cook on and four adjustable cook zones, there’s plenty of space to cook for a crowd. It also has a battery-powered push button to start the ignition.
Sold by Amazon
NutriChef Cast Iron Reversible Grill Plate
The 18-inch flat top grill plate comes with a silicone oven mitt. The reversible plate allows users variety when making their favorite dishes. The cast-iron skillet is nonstick and heats up to 480 degrees Fahrenheit. The flat top is induction-ready and dishwasher-safe.
Sold by Amazon
Pellet grills
Pellet grills are not as popular as other grills like gas, charcoal and flat top. Pellet grills are like outdoor convection ovens. You can use it to smoke, grill, roast, bake and braise. Pellet grills need electricity to work, and they use compressed hardwood (pellets) as fuel. The pellets are placed into the pellet hopper. The auger pushes the pellets from the hopper into the fire pit. The fan then dispenses the heat throughout the grill. Essentially, it does most of the work for you.
Pellet grill pros
Pellet grills are extremely easy to use. All that is required are pellets to get things started. The temperature can be set and maintained without needing to tend to the fire. Their versatility is also a bonus. The pellets come in various flavors to add an aroma to your food. Pellet grills come with grease traps for easy cleanup. The grease traps also prevent flare-ups from occurring when cooking. Pellet grills can get very hot. Some can go above 500 degrees Fahrenheit. Select pellet grills come with Bluetooth capability to control the grill from their phone. For instance, users can even fire up the grill on their way home from work.
Pellet grill cons
Pellet grills are quite expensive. Additionally, they need electricity to function. It’s important to note that not all pellet grills can sear food. Pellet grills are large and heavy, making them difficult to take with you on a camping trip. Compared to traditional grills, pellet grills offer a subtle smoky flavor instead of a rich smoky flavor. Cleaning a pellet grill is much like cleaning other grills with a grate, and it’s more of a tedious process than cleaning a flat top.
Best pellet grills
This large pellet grill sears and smokes. Temperature ranges from 200 to 600 degrees. The grill comes with an app for your smartphone to use as a remote control. The hopper can store up to 22 pounds of pellets to ensure several hours of burning time.
Sold by Amazon
This pellet grill is one of the more affordable models from the trusted brand. It’s a 6-in-1 grill with porcelain grates for easy cleaning. There’s a built-in meat probe to guarantee perfect results every time. The grill is large enough to cook 24 burgers, five rib racks and four chickens.
Sold by Amazon
This pellet grill has eight-in-one cooking capabilities at an affordable price. It offers 849 square inch of cooking space and 21 pounds of hopper capacity. The cooking temperature ranges from 180 to 500 degrees.
Sold by Amazon
Should you get a flat top or a pellet grill?
Choosing one over the other depends on what you hope to achieve and how much you can afford. Flat top grills come in an array of options for outdoor to indoor use with a wide price range. You can cook all sorts of food on them, they’re easy to clean and they’re portable. However, they don’t offer a smoky flavor like other grills and need to be watched to prevent overcooking or burning your food. Pellet grills, however, are a breeze to use and offer advanced technology that makes cooking efficient. But they are costly and cannot be easily taken with you on a trip.
Both are excellent choices. Factor in what is most important to you, and you’ll have a reliable grill for life.
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/patio-br/grilling-outdoor-cooking-br/flat-top-grill-vs-pellet-grill/ | 2022-07-18T18:23:53Z |
The Country's Only Beef Producer-Owned Processor Awarded $12.232 Million From The Texas Enterprise Fund
AMARILLO, Texas, Aug. 10, 2022 /PRNewswire/ -- Texas Governor Greg Abbott announced today that the State of Texas, through the Texas Enterprise Fund, intends to support the creation of Producer Owned Beef's state-of-the-art beef processing facility in Amarillo –– the only such facility in the nation to be owned by cattle producers and operated by beef processing industry veterans. Abbott's office presented the award at a launch event in Amarillo today with the support of Texas Economic Development Fund representatives, Amarillo Mayor, Ginger Nelson and Amarillo Economic Development Corporation CEO, Kevin Carter.
The Governor's Enterprise Fund $12.232 million announcement complements the Amarillo City Council's unanimous decision to authorize Amarillo Economic Development Corporation (AEDC) incentives for Producer Owned Beef, LLC to build its new headquarters in Amarillo. Along with infrastructure improvements, the AEDC and City of Amarillo approved incentives of up to $11.1 million to establish the state-of-the-art facility –– a $670 million capital investment. The facility, designed to process 3,000-plus head of cattle per day, aims to employ nearly 1,600 people from the High Plains region.
"The importance of Texas Enterprise Fund along with Amarillo EDC backing for this project cannot be overstated" said Casey Cameron, CEO of Producer Owned Beef. "Public-Private Partnerships are proven to attract additional investors and create a virtuous cycle of commerce, employment and tax revenue for our communities and state. Our commitment is to build and operate a beef processing facility that stands out from the rest of the industry in animal well-being, environmental protections, team member safety and ergonomics, and the highest quality beef products."
Both Enterprise Fund and AEDC investments are performance-based having been designed for companies whose projects involve significant capital investment and the creation of jobs in Texas.
Producer Owned Beef's innovative business model restores balance in the beef industry by reversing compensation disparities cattle producers currently face. As owners of the company, producers will receive a percentage of wholesale beef prices for the cattle they supply and a share of the profits from the plant.
"Many of our ranchers and feeders are third-, fourth- or even fifth-generation producers who have invested their lives in feeding Americans," said Monte Cluck, a Producer Owned Beef Board Member. "With this model, where producers are also owners, we're creating economic sustainability for small and medium-sized producers by ensuring they receive a greater share of the financial upside for the hard work they do."
- $670 million state-of-the-art processing facility
- 3,000-plus head per day processing capacity
- Expected employment of up to 1,600 at full capacity
- Expected payroll: $121 million annually
- Expected groundbreaking: Q1 2023
- Expected operating date: Q4 2025
- Locations: 1,108 acres on Jack Rabbit Road (Spur 228) between I-40 and Hwy 287
- Please find Producer Owned Beef's economic impact study created by the Perryman Group at the company's website: www.producerownedbeef.com.
- Please find bios for Producer Owned Beef's senior management team at the company's website: www.producerownedbeef.com
Producer Owned Beef is a business cooperative purpose-built to imagine, capitalize and operate a state-of-the-art beef packing facility in Amarillo, Texas. The company's majority equity owners are cattle ranchers and feeders, making it unique in the beef processing industry. High-quality beef products sourced primarily from the High Plains region are expected to be available to consumers in 2025. Learn more at www.producerownedbeef.com
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SOURCE Producer Owned Beef | https://www.wibw.com/prnewswire/2022/08/10/producer-owned-beef-launches-with-state-texas-funding/ | 2022-08-10T16:19:21Z |
CHICAGO, June 6, 2022 /PRNewswire/ -- Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, held a groundbreaking ceremony on June 1 for its new 900,000-square-foot state-of-the-art facility – a service center facility and headquarters for its wholly-owned subsidiary, Central Steel & Wire ("CS&W"). Located in University Park, IL (a southern suburb of Chicago), the new facility will provide over 300 jobs and will feature expanded bar and tube processing equipment. The facility is expected to be operational by the middle of 2023.
"We have been creating and providing family wage jobs for a combined 293 years as Ryerson was founded in Chicago in 1842 and CS&W was founded in Chicago in 1909. How many things do you know that have lasted that long?" asked Eddie Lehner, Ryerson President & CEO, in a speech delivered at the ceremony. "It speaks to the durability, resiliency, and potential that brings us all here today. Our mission, our passion, and our purpose is to provide great experiences for our customers, employees, shareholders, suppliers, and communities. Great experiences never go out of style, and we need them now more than ever."
Jack Barger added "On behalf of our more than 500 team members at CSW, we are thrilled to become part of the University Park community and relocate our main facility to Will County. Thank you to all of the elected officials and team members for your support and efforts."
Special guests at the groundbreaking ceremony included University Park Mayor Joseph Roudez, Will County CEO Jennifer Bertino-Tarrant, Illinois State Senator Patrick Joyce, Governors State University President Dr. Cheryl Green, Clayco VP and Industrial Business Unit Leader Trevor Ryor, Principal at Venture One Mark Goode, and the Ryerson leadership team.
About Ryerson
Ryerson is a leading value-added processor and distributor of industrial metals, with operations in the United States, Canada, Mexico, and China. Founded in 1842, Ryerson has around 4,000 employees in approximately 100 locations. Visit Ryerson at www.ryerson.com.
Safe Harbor Provision
Certain statements made in this presentation and other written or oral statements made by or on behalf of the Company constitute "forward-looking statements" within the meaning of the federal securities laws, including statements regarding our future performance, as well as management's expectations, beliefs, intentions, plans, estimates, objectives, or projections relating to the future. Such statements can be identified by the use of forward-looking terminology such as "objectives," "goals," "preliminary," "range," "believes," "expects," "may," "estimates," "will," "should," "plans," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. The Company cautions that any such forward-looking statements are not guarantees of future performance and may involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of various factors. Among the factors that significantly impact our business are: the cyclicality of our business; the highly competitive, volatile, and fragmented metals industry in which we operate; fluctuating metal prices; our substantial indebtedness and the covenants in instruments governing such indebtedness; the integration of acquired operations; regulatory and other operational risks associated with our operations located inside and outside of the United States; impacts and implications of adverse health events, including the COVID-19 pandemic; work stoppages; obligations under certain employee retirement benefit plans; the ownership of a majority of our equity securities by a single investor group; currency fluctuations; and consolidation in the metals industry. Forward-looking statements should, therefore, be considered in light of various factors, including those set forth above and those set forth under "Risk Factors" in our annual report on Form 10-K for the year ended December 31, 2021, and in our other filings with the Securities and Exchange Commission. Moreover, we caution against placing undue reliance on these statements, which speak only as of the date they were made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events or circumstances, new information or otherwise.
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SOURCE Ryerson Holding Corporation | https://www.wibw.com/prnewswire/2022/06/06/ryerson-holds-groundbreaking-ceremony-new-central-steel-amp-wire-facility/ | 2022-06-06T12:10:36Z |
Guests seen jumping from balconies of burning hotel, fire marshal says; 3 hurt
By Grace Finerman
Click here for updates on this story
CONWAY, New Hampshire (WMUR) — Firefighters battled a large fire Saturday at the Red Jacket Mountain View Resort in North Conway.
The New Hampshire State Fire Marshal’s Office said they responded to the scene on White Mountain Highway.
Guests were seen jumping from upper-level to lower-level balconies before safely escaping on the ground, according to the New Hampshire Dept. of Safety.
Two firefighters and one civilian were treated at the scene for injuries that are not life-threatening, according to the department. They were sent to Memorial Hospital as a precaution.
The department said there are no reports at this time of any unaccounted for guests.
Evacuees were offered to stay at a nearby resort, according to the Department of Safety.
The North Conway Fire Department responded to a 2:47 p.m. call reporting a fire at the resort.
The first crews said they saw “heavy fire and smoke pouring” from where patrons were evacuating on the third floor in the south wing of the building.
Firefighters said strong wind gusts “challenged” them as they took down the fire.
Conway Fire Chief Steve Solomon said 75 rooms were burned off of the hotel, and part of the structure could collapse.
“It’s a calculated risk,” Solomon said. “We have to get the fire extinguished, so we weigh what we are able to do to extinguish the fire versus the risk of doing it.”
Red Jacket released a statement about the fire Saturday afternoon:
“At this time, the North Conway Fire Department and area partners are working to extinguish the flames,” said Laura Knudsen. “Guest safety remains our utmost focus as we continue to work closely with emergency responders.”
Guest Trish Laraja said she is glad she and her son are safe.
“I didn’t hear a smoke alarm or anything,” Laraja said. “I just kept hearing people say they’re evacuating.”
Loris Basmagin, of North Conway, said this is a loss for the area in many ways.
“When I arrived, in one of the rooms, it was just this bright, flaming orange ball of fire,” Basmagin said.
“As soon as we got towards the hotel you could just see smoke everywhere,” said Casey Cote, who is visiting the area.
Witness pictures and videos showed large flames and thick smoke billowing out of the building.
Drone video from above the scene showed the extent of the damage throughout much of the resort.
There is no word on what started the fire.
Solomon said 27 agencies assisted North Conway in fighting the fire.
Part of Route 16 was closed for a few hours, according to Conway police. The road has since reopened, but officials said to avoid the area if possible.
The fire marshal’s office remains on scene as they investigate the fire. Anyone with information can call their office at 603-223-4289.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. | https://localnews8.com/cnn-regional/2022/05/02/guests-seen-jumping-from-balconies-of-burning-hotel-fire-marshal-says-3-hurt/ | 2022-05-02T20:45:32Z |
All financial figures are approximate and in Canadian dollars unless otherwise noted.
CALGARY, AB, Aug. 15, 2022 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) is pleased to announce that it has completed its previously announced joint venture transaction with KKR to combine their respective western Canadian natural gas processing assets into a single, new joint venture entity, Pembina Gas Infrastructure Inc. ("PGI").
"We are excited to officially announce the creation of PGI, a premier gas processing entity in Western Canada that will provide incredible value for Pembina, our partner KKR, and our customers. Pembina has enjoyed a strong relationship with KKR at Veresen Midstream over the past four years and the creation of PGI is a natural next step that will unlock growth and provide increased service offerings to customers throughout the Montney and Duverney formations, from central Alberta to northeast British Columbia," said Scott Burrows, Pembina's President, and Chief Executive Officer.
As previously announced, Pembina's Board of Directors declared a common share cash dividend for August 2022 of $0.21 per share to be paid, subject to applicable law, on September 15, 2022, to shareholders of record on August 25, 2022.
Pembina's Board of Directors previously approved a $0.0075 per common share increase to its monthly common share dividend rate, to $0.2175 per common share per month (representing an increase of 3.6 percent), subject to closing of the joint venture transaction with KKR. The first dividend under which the increase will take effect is expected to be declared in early September 2022, and payable on or about October 14, 2022.
Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for more than 65 years. Pembina owns an integrated network of hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and a growing export terminals business. Through our integrated value chain, we seek to provide safe and reliable infrastructure solutions which connect producers and consumers of energy across the world, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, please visit pembina.com.
Purpose of Pembina:
To be the leader in delivering integrated infrastructure solutions connecting global markets:
- Customers choose us first for reliable and value-added services.
- Investors receive sustainable industry-leading total returns.
- Employees say we are the 'employer of choice' and value our safe, respectful, collaborative and inclusive work culture.
- Communities welcome us and recognize the net positive impact of our social and environmental commitment.
Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division.
Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively.
Pembina Gas Infrastructure ("PGI") is a premier gas processing entity in Western Canada with a combined capacity of 5 billion cubic feet per day. A partnership between Pembina and KKR, PGI is strategically positioned to serve customers throughout the Montney and Duverney trends from central Alberta to northeast British Columbia. Pembina owns 60% of PGI and operates and manages PGI facilities while KKR's global infrastructure funds own the remaining 40%. For more information, visit www.PGIMidstream.com.
This news release contains certain forward-looking statements and forward-looking information (collectively, "forward-looking statements"), including forward-looking statements within the meaning of the "safe harbor" provisions of applicable securities legislation, that are based on Pembina's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking statements can be identified by terminology such as "expects", "estimates", "anticipates", "projects", "plans", "will", "would", "could", "potential", "continue", "commit" and similar expressions suggesting future events or future performance.
In particular, this news release contains forward-looking statements pertaining to, without limitation, the following: the joint venture transaction between Pembina and KKR, including the anticipated benefits thereof to Pembina; and Pembina's future common share dividends, including the expected timing at which the increase will be declared and payable.
The forward-looking statements are based on certain assumptions that Pembina has made in respect thereof as at the date of this news release regarding, among other things: that favourable circumstances continue to exist in respect of the operation of the assets contributed to PGI; that PGI's future results of operations will be consistent with management expectations in relation thereto; oil and gas industry exploration and development activity levels and the geographic region of such activity; prevailing regulatory, tax and environmental laws and regulations; the ability of PGI to maintain an investment grade rating; future cash flows; prevailing commodity prices, interest rates, carbon prices, tax rates and exchange rates; the availability of capital to fund PGI's future capital requirements; future operating costs; that counterparties will comply with contracts in a timely manner; that there are no unforeseen events preventing the performance of contracts; that there are no unforeseen material costs relating to the relevant facilities which are not recoverable from customers; and maintenance of operating margins.
Although Pembina believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that these expectations, factors and assumptions will prove to be correct. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties that could cause actual events or results to differ materially, including, but not limited to: the failure to realize the anticipated benefits and/or synergies of the joint venture transaction due to integration issues or otherwise; expectations and assumptions concerning, among other things: customer demand for PGI's assets and services; commodity prices, interest rates and foreign exchange rates; planned synergies, operating and capital efficiencies and cost-savings; applicable tax laws; future production rates; the sufficiency of budgeted capital expenditures in carrying out planned activities; labour and material shortages; non-performance or default by counterparties to agreements entered into in respect of PGI's business; the impact of competitive entities and pricing; reliance on key relationships and agreements; reliance on third parties to successfully operate and maintain certain assets; the regulatory environment and decisions and Indigenous and landowner consultation requirements; actions by governmental or regulatory authorities, including changes in tax laws and treatment, changes in royalty rates, climate change initiatives or policies or increased environmental regulation; fluctuations in operating results; adverse general economic and market conditions in Canada, North America and worldwide, including changes, or prolonged weaknesses, as applicable, in interest rates, foreign exchange rates, commodity prices, supply/demand trends and overall industry activity levels; risks relating to the current and potential adverse impacts of the COVID-19 pandemic; lower than anticipated results of operations and cash flow accretion to Pembina from PGI; the ability to access various sources of debt and equity capital; changes in credit ratings; counterparty credit risk; technology and cyber security risks; natural catastrophes; and certain other risks and uncertainties detailed in Pembina's Annual Information Form and Management's Discussion and Analysis ("MD&A"), each dated February 24, 2022 for the year ended December 31, 2021, Pembina's MD&A dated August 4, 2022 for the three and six months ended June 30, 2022 and from time to time in Pembina's public disclosure documents available at www.sedar.com, www.sec.gov and through Pembina's website at www.pembina.com.
In respect of the forward-looking statements concerning the anticipated increase in Pembina's common share dividend following completion of the joint venture transaction, Pembina has made such forward-looking statements in reliance on certain assumptions that it believes are reasonable at this time, including assumptions in respect of: prevailing commodity prices, interest rates, margins and exchange rates; that future results of operations will be consistent with past performance, as applicable, and management expectations in relation thereto, including in respect of PGI's future results of operations; the continued availability of capital at attractive prices to fund future capital requirements relating to existing assets and projects, including but not limited to future capital expenditures relating to expansion, upgrades and maintenance shutdowns; future cash flows and operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; that there are no unforeseen material construction or other costs related to current growth projects or current operations; and that there are no unforeseen material construction or other costs related to current growth projects or current operations. Pembina will also be subject to requirements under applicable corporate laws in respect of declaring dividends at such time.
This list of risk factors should not be construed as exhaustive. Readers are cautioned that events or circumstances could cause actual results to differ materially from those predicted, forecasted, or projected. The forward-looking statements contained in this news release speak only as of the date hereof. Pembina does not undertake any obligation to publicly update or revise any forward-looking statements contained herein, except as required by applicable laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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SOURCE Pembina Pipeline Corporation | https://www.wibw.com/prnewswire/2022/08/15/pembina-pipeline-corporation-announces-closing-transaction-creation-pembina-gas-infrastructure/ | 2022-08-15T18:54:59Z |
Respected Technology Executive Dr. Ronald Sugar Joins Avenda's Board of Directors as Company Prepares to Commercialize AI Mapping Platform for Prostate Cancer Care
CULVER CITY, Calif., June 15, 2022 /PRNewswire/ -- Avenda Health, an AI healthcare company creating the future of prostate cancer care, today announced the addition of Dr. Ronald D. Sugar to its Board of Directors. Dr. Sugar also serves as a board member at Apple, Amgen, Chevron, and chairman of Uber as well as the former chairman and CEO of Northrop Grumman.
"We're thrilled to have Dr. Sugar on our team, and his experience at the intersection of healthcare and technology will be invaluable in our pursuit to provide better care for the millions of men with prostate cancer," said Shyam Natarajan, co-founder and CEO of Avenda Health.
Avenda Health's technology, iQuest, uses deep learning to map an individual's prostate cancer. This software, not yet cleared by the FDA, provides physicians with a better understanding of the extent of disease and supports decision-making in cancer care. In a retrospective study of 50 patients presented at the 2022 American Urological Association annual meeting, iQuest improved tumor encapsulation1 over conventional treatment planning from 56 percent to 80 percent2.
"Avenda Health's AI platform is going to solve a huge unmet need for prostate cancer care. They are on the verge of something transformational," said Dr. Sugar.
In preparation for the launch of iQuest, the company also added two key executive hires including Carolyn Reul, who will serve as Vice President of Sales and Marketing, and Jemima Escamilla, Ph.D. who will serve as Vice President of Business Development and Growth. Carolyn Reul has over 25 years of experience leading sales, marketing and product and business development within the medical imaging industry. She previously worked for Hitachi Healthcare Americas, where she was the executive director of ultrasound sales. Prior to Hitachi, Reul served as the director of marketing for BK Medical.
Dr. Jemima Escamilla comes from RCT Ventures where she performed in depth market analysis, technical, and financial diligence for medical devices. She previously led business and product development at Option3, a MedTech incubator, where she was Principal. Dr. Escamilla holds a doctoral degree in prostate cancer biology.
Avenda Health is creating a more personalized future of prostate cancer care. Using deep learning, Avenda Health software maps a patient's cancer in 3D, giving physicians precise information and the confidence to make care decisions. Dedicated to bringing this cutting-edge technology to all practices and physicians treating prostate cancer patients, Avenda Health aims to improve outcomes, preserve quality of life, and create a new standard of cancer care.
For more information, visit avendahealth.com and follow the company on LinkedIn and Twitter.
References:
1 Priester A, Fan R, Shubert J, Colina J, Rusu M, Sulaiman V, Shao W, Khandiwala YS, Natarajan S, Sonn GA., A novel AI-derived metric identifies favorable candidates for focal therapy of prostate cancer and accurately predicts treatment margin efficacy. American Urological Association; Engineering and Urology Society. New Orleans, LA. May 15, 2022.
2. Priester A, Fan R, Shubert J, Colina J, Rusu M, Sulaiman V, Shao W, Khandiwala YS, Natarajan S, Sonn GA., Defining prostate cancer focal therapy treatment margins with a machine learning model: improvement upon hemi-gland ablation. American Urological Association; Engineering and Urology Society. New Orleans, LA. May 15, 2022.
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SOURCE Avenda Health | https://www.mysuncoast.com/prnewswire/2022/06/15/avenda-health-adds-tech-luminary-board-directors-expands-leadership-team/ | 2022-06-15T13:53:00Z |
The Sherwood Christian Academy Eagles won the Georgia Association of Private and Parochial Schools state championship in team tennis on Tuesday.
The varsity boys state team included Will Moorhead (No. 1 singles), Grant Fricks (No. 2 singles), Sam Moorhead (No. 3 singles), Josh Sancinito and Smith Langstaff (No. 1 doubles) and Jude Ham and Benjamin Brooks (No. 2 doubles).
Grant Fricks, a senior, was on court at the end of the championship team event while it was tied 2-2 with Habersham School from Savannah. Fricks rallied in the second set to pull out the victory for the Eagles, who won the team match 3-2. Will and Sam Moorhead each picked up a singles victory in the finals for their team’s other two points.
On Monday, Will Moorhead won the individual state championship in the GAPPS Tournament. Fricks (singles), as well as Josh Sancinito and Smith Langstaff (doubles) received all-state recognition.
The team was also the region champion from its play on April 19 in Bainbridge. Will Moorhead won the individual region championship as well. Fricks finished third and Sam Moorhead finished fifth in singles region play, which qualified them for the state tournament. Sancinito and Langstaff were region runner-up in doubles, while and Ham and Brooks (doubles) placed fifth as both squads claimed a place in the state tournament.
Sherwood is led head coach Wes Sadler and assistant coach Amanda Moorhead.
New providions in Georgia voting law and the claims of fraud in the 2020 election were topics discussed on Wednesday during a voter rights panel discussion hosted by the Dougherty County Bar Association. The panel included local and state election officials and a Florida State University law… Click for more.
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NICOSIA, Cyprus (AP) — A new gas discovery off Cyprus’ southern coast that’s estimated to contain around 2.5 trillion cubic feet of the hydrocarbon bolsters Europe’s efforts to secure alternative energy sources, the Cypriot energy ministry said Monday, as a supply crisis triggered by Russia’s invasion of Ukraine continues to trouble the continent.
The Ministry said in a statement that the discovery by partners Eni of Italy and France’s Total was made at the Cronos-1 well 160 kilometers (100 miles) off the coast in 2,287 meters (7,500 feet) of water inside Cyprus’ exclusive economic zone and is the second deposit that the Eni-Total consortium has discovered there.
The consortium hasn’t provided any estimates regarding how much gas is contained in the initial ‘Calypso’ field found in 2018. But Eni said in a statement Monday that the Cronos-1 discovery “can unlock additional potential in the area” and is part of the company’s “successful effort to provide further gas supply to Europe.”
The Cronos discovery brings the number of deposits found off Cyprus to four — two by Eni-Total, one by ExxonMobil and partners Qatar Petroleum estimated to hold 5 to 8 trillion cubic feet of gas and another by Chevron and partners Shell and Israeli NewMed Energy that contains up to 4.4 trillion cubic feet.
The Energy Ministry said the Eni-Total consortium’s drill ship Tungsten Explorer has now relocated to a new well target to “assess the quantities of gas with greater precision.”
The Cypriot government has said that Russia’s invasion of Ukraine provided an additional impetus to the search for alternative fuel sources, especially after the European Union confirmed that natural gas could act as a bridge fuel until 2050 as part of the bloc’s transition to cleaner energy. | https://cw33.com/business/ap-business/cyprus-says-new-gas-discovery-aids-europes-energy-search/ | 2022-08-22T12:51:22Z |
SANTA MONICA, Calif. (AP) — The “Donkey Kong defense” came into play Monday at a civil trial over sexual assault allegations against Bill Cosby, as his attorney pressed a key witness over previous statements that she had played the arcade game during a visit with Cosby to the Playboy Mansion in 1975, six years before its release.
The testimony came in the Los Angeles County trial over the lawsuit of Judy Huth, who also began testifying Monday, but did not yet describe her allegation that Cosby sexually assaulted her at the Playboy Mansion when she was 16. Cosby denies her allegations.
Donna Samuelson, a high school friend of Huth’s who accompanied her and Cosby on a visit to the mansion, returned to the stand Monday, testifying about the game room with an adjacent bedroom where Huth says Cosby forced her to perform a sex act.
“You testified multiple times that you were playing Donkey Kong,” Cosby attorney Jennifer Bonjean told Samuelson, referring to a 2014 police interview and a 2016 deposition in Huth’s case.
“If I did I did,” Samuelson said. “I understand it wasn’t around yet.”
Bonjean played a clip from the deposition, in which Samuelson referred to the game several times.
Asked Monday to explain the discrepancy, Samuelson answered, “I got the name wrong. I just kept saying that because it was a game. It could have been Atari.”
She also said she was playing the game when Cosby came up behind her and put his hands on her shoulders before she shook them off.
Bonjean showed Samuelson and the jury a photo of the game room taken in 2016, where a Donkey Kong game could be seen, and asked whether similar photos taken years after 1975 could have affected her memory and testimony.
Samuelson replied that she hadn’t seen such an image until the 2016 photo was shown to her in court during her testimony last week.
During his opening statement on Wednesday, Huth’s attorney Nathan Goldberg sought to head off the issue, telling jurors they were going to be hearing “the Donkey Kong defense” from Cosby’s lawyers.
“So she got the name wrong,” Goldberg said, “so what?”
Bonjean embraced the term in her opening, saying Huth’s similar prior statements about Samuelson playing the game, and photos showing it in the room later, were evidence that the two women were coordinating a false story.
The trial represents one of the last remaining legal claims against Cosby after his Pennsylvania criminal conviction was thrown out and other lawsuits were settled by his insurer against his will.
Huth, 64, briefly took the stand late Monday, recalling the spring day in 1975 when she and Samuelson took her brother’s dog to play frisbee at Lacy Park in San Marino, California, a place they frequented.
She said they noticed a production was happening there that would turn out to be a shoot for the film “Let’s Do It Again.” They saw stars Sidney Poitier, Jimmie Walker and Cosby, Huth said.
She remembered whispering, “That’s Bill Cosby” to Samuelson, and Cosby playfully mimicking her whisper and pretending to be holding a leash of his own dog.
She testified that after chatting for a while, Cosby invited them to a watch him play tennis at a Los Angeles club the following Saturday.
Huth said they were “excited, because we were kids, and he was a celebrity. It was out of the norm, that was for sure.”
The girls met Cosby at the club, where they briefly watched him play tennis then went to the local house where he was staying.
There, Cosby suggested they play a game a game of pool, and suggested the stakes.
“He said for every game I lose I have to drink a beer, and for every game he loses he has to drink a beer,” Huth testified.
Huth said she had between one and three beers.
“I’m sure I felt the effects of the alcohol,” she said.
After about an hour, Cosby said he had a surprise for them, and they followed him in Samuelson’s Mustang to a gate, where the two cars were let in, Huth said.
They parked and walked into a game room, where Buck Owens, country star and host of the TV show “Hee Haw,” was shooting pool, but left after a few minutes, Huth said.
She said she realized she was at the Playboy Mansion when she saw a drawing on the wall that was signed, “To Hugh,” slowly realizing that it referred to Playboy founder Hugh Hefner.
Asked by her attorney what her reaction to being there was, she responded only with, “Wow.”
She was shown a photo taken by Samuelson inside the game room.
“That’s me and Bill Cosby, she said.”
The picture, essential to Huth’s case, has already been shown to jurors several times. It shows Cosby wearing a red beanie and smiling next to the teenage Huth.
Cosby’s attorneys acknowledge that he took the girls to the mansion, but deny any sex assault occurred. They have described Huth’s lawsuit as a scheme to cash in on the photos that were taken that day.
The Associated Press does not normally name people who say they have been sexually abused, unless they come forward publicly, as Huth has.
___
Follow AP Entertainment Writer Andrew Dalton on Twitter: https://twitter.com/andyjamesdalton | https://cw33.com/entertainment-news/ap-entertainment/donkey-kong-defense-arises-at-bill-cosby-sex-abuse-trial/ | 2022-06-07T02:45:51Z |
An update to 180 MSK Systems' new virtual musculoskeletal platform provides patients with real-time feedback and guidance during at-home sessions, and will remove the need for sensors or other hardware that could hinder adherence.
NEW YORK, Aug. 30, 2022 /PRNewswire/ -- Health-focused SaaS platform 180 MSK Systems has released an update with motion tracking capabilities that will help analyze and guide patients' movements in their prescribed home exercise protocols.
180 MSK Systems enables clinics to provide patients with better care by delivering a platform that complements in-clinic treatment with end-to-end virtual musculoskeletal (MSK) programs, integrating in-person care with virtual physical therapy and wellness.
The update infuses 180 MSK Systems' unique platform with cutting-edge computer vision and AI technology, developed by Kemtai, to strengthen its care delivery offering. The latest version of the platform provides patients with real-time feedback and form correction as they exercise, without the use of wearable sensors—an enhanced, interactive, and best-in-class experience that can improve exercise performance and form, drive better adherence, and lead to better clinical outcomes.
"Integrating Kemtai's technology into our platform brings a long-awaited solution to the MSK field, and sets us apart with a unique offering for the clinics we serve and their patients," said Nicholas J. Edwards, Chief Innovation Officer at 180 MSK Systems.
Low adherence to physical therapy programs contributes to overall healthcare spending and related costs in the United States. While wearable sensors can be beneficial for virtual MSK care, they can introduce unnecessary challenges, including low adoption rates that can affect adherence and increase costs because of added equipment. In addition, they can present technical issues such as incorrect placement of devices or loss of Bluetooth connectivity.
Harnessing the proprietary computer vision and AI technology developed by Kemtai, 180 MSK Systems instead uses the built-in camera of a patient's smartphone, laptop, desktop, or tablet to accurately identify and reliably track dozens of data points on their body, while providing visual and audio guidance to help patients correctly perform their exercises.
"180 MSK is clearly at the forefront of the growing digital MSK market. Their unique approach to digitally empowering physiotherapy clinics will improve the health and wellness of thousands suffering from MSK conditions and we are proud that 180 MSK has integrated our technology platform into their offering," said Mike Telem, Chief Business Officer at Kemtai.
Associated absenteeism and productivity losses due to MSK conditions resulted in an annual cost of approximately $600 billion in 2008. 180 MSK Systems' interactive experience, now with Kemtai, can help increase MSK treatment program engagement and adherence, one of the key drivers to better recovery, health outcomes, and overall healthcare costs.
180 MSK Systems is a SaaS platform that increases revenue to musculoskeletal care providers by providing their patients with risk-free, virtual wellness and physical therapy alongside their practice's protocols, creating a passive income stream. 180 MSK Systems is driven by a unique blend of MSK industry knowledge, technical expertise, and passion for a better healthcare industry. Founded by industry veterans with a goal of impacting the musculoskeletal space, 180 MSK leverages technology and know-how to fill the void experienced by millions of patients nationwide. For more information, visit 180MSK.com.
Kemtai is a computer vision exercise platform that leverages advanced AI technology to analyze human motion in real time and provide a user with immediate feedback and corrective guidance as they exercise. Created to work with any device, Kemtai recognizes and tracks more than 40 different data points on the human body without requiring a user to purchase any additional equipment. Kemtai is partnering with various physiotherapy, fitness, and corporate wellness brands while also offering its web-based consumer product. For more information, visit Kemtai.com.
Dean Stattmann
STAT Media PR
Dean@STATMediaPR.com
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SOURCE 180 MSK Systems | https://www.wibw.com/prnewswire/2022/08/30/180-msk-systems-offers-sensor-free-virtual-msk-care/ | 2022-08-30T14:20:17Z |
Discover equips support teams with actionable analytics to maximize ROI and drive growth
SAN FRANCISCO, Sept. 7, 2022 /PRNewswire/ -- Forethought, the Human-Centered AI Platform, today announced the launch of Discover™. This product complements the existing three products in the Platform: Solve, Triage and Assist. Discover delivers proactive support insights fast, with low effort and investment.
Prior to Discover, most customer service tools were limited to analyzing structured data — i.e., data that can easily be organized into a spreadsheet such as phone numbers, addresses, product names, and currency. The vast majority of customer support data is unstructured, including emails, audio files, and long-form articles. This data is a gold mine of valuable customer insights, but most teams haven't had the tools to properly make sense of it without hiring professional data scientists.
Discover makes it possible to easily glean valuable insights from unstructured support data to enable support teams to be more proactive about improving the customer experience.
"With Discover, Forethought expands the horizons of the customer support experience. With these capabilities, support teams can easily perform powerful analysis to get holistic insights on every piece of customer support data and can then take action on those insights. As a result, data-driven decisions will be much easier and more effective, and any business can appreciate that," Vice President of Product EJ Liao said.
Organizations using Discover will have access to multi-channel and multi-ticket AI capabilities, such as analyzing unstructured data across all channels and tickets.
The granularity of this data analysis is unprecedented in the market. While other solutions can provide basic analysis on volume metrics, they lack the ability to perform advanced analysis easily on multi-ticket unstructured data, as well as NLU-powered dynamic categorization. Discover outperforms other products by providing dynamic categorization based on data versus predefined ones, as well as abnormality detection to improve the noise-to-signal ratio. Additionally, Discover looks beyond trend volume with key performance indicators (KPIs) segmented by dynamically generated issue categories.
Dynamic ticket categorization is core to Discover technology and will improve and evolve over time. The ability to capture this data and turn it into actionable insights can transform customer support from a cost center to a growth driver. Adding this capability to Forethought's Platform enables it to support human interactions and the ability to dive deeper into the customer service experience data, as well as capture sales and product insights to share across the organization and enable more data-driven decision-making.
"Discover helps organizations make sense of complicated customer queries and gain insights into their experiences. It's proactive in capturing implicit signals from customers, which can be shared throughout an enterprise to dramatically improve the overall customer experience," Deon Nicholas, CEO of Forethought, said.
Future Discover enhancements include AI-powered recommendations on workflow and process improvements, agent coaching, and suggested additions to an organization's Knowledge Center based on coverage gaps in customer inquiries.
Learn more about Discover at forethought.ai.
ABOUT FORETHOUGHT
Launched in 2018, Forethought is a leading AI company providing customer service solutions that transform the customer experience. Forethought's products enable seamless customer experiences by infusing human-centered AI at each stage of the customer support journey: resolving common cases instantly, enriching and prioritizing tickets, and assisting agents with relevant knowledge — all from one platform.
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SOURCE Forethought | https://www.mysuncoast.com/prnewswire/2022/09/07/forethought-launches-discover-enable-proactive-insights-data-driven-decision-making/ | 2022-09-07T13:26:22Z |
Orlando, Fla., May 27, 2022 /PRNewswire/ -- KINETIC GROUP (USOTC: KNIT) ("KNIT") today announced that it has signed a binding Letter of Intent ("LOI") with GSS INFRASTRUCTURE ("GSSI") www.gssinfrastructure.com to acquire a 100% interest in GSSI. The Transaction remains subject to certain conditions being met and completion of definitive documentation.
Under the terms of the LOI signed on May 18, 2022 KNIT will acquire GSSI in an all stock purchase. As a result of the acquisition, KNIT will acquire all of GSSI's assets, including the binding LOI signed between GSSI and NTEC on March 31, 2022. At the closing of the GSSI-NTEC transaction KNIT will effectively own and operate 50 telecom tower sites, 187 equipment overlays and 267km of fiber. KNIT would also acquire three separate long term contracts with Telefonica Ecuador (OTECEL) to operate active and passive telecom infrastructure in Ecuador.
Ana María Méndez, KNIT's CEO stated, "The acquisition of GSSi provides KNIT with an important foothold in Latin America to expand our presence in the wireless infrastructure space. We strongly believe the region has additional long term opportunities and given GSSi's experienced management team we will be able to continue our growth strategy. Undoubtedly, the rapid expansion of 5G in the region will provide enormous opportunities for KNIT revenue and footprint expansion."
Cautionary Note Regarding Forward-Looking Information
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements", including with respect to proposed acquisitions or business combinations. No assurances can be given that the business combinations discussed above will be completed. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
CONTACT INFORMATION:
KINETIC GROUP (OTC:KNIT)
ir@knitgrp.com
Tel: +1.800.401.4313
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SOURCE Kinetic Group | https://www.mysuncoast.com/prnewswire/2022/05/27/kinetic-group-otcknit-knit-acquires-gss-infrastructure-llc-an-all-stock-transaction/ | 2022-05-27T15:13:53Z |
CampViews EMR is a mobile application for iOS and Android devices that provides Diabetes camps with a registration system, a camper's individual profile and digital log with real-time DexCom CGM data and trends. CampViews is changing the way diabetes camps are run.
RENO, Nev., June 20, 2022 /PRNewswire/ -- Today, the Nevada Diabetes Association® (NDA) introduced CampViews EMR, the first mobile app developed specifically for Diabetes camps in the U.S. With DexCom's real-time APIs combined with CampViews EMR, Diabetes summer camp staff and medical personnel can now easily manage camp registration and instantly access real-time DexCom CGM data and trends for camp participants.
"We are very excited to collaborate with DexCom in bringing CampViews EMR to Diabetes camps across the World. Diabetes camp is a positive step toward independence for parents and their children. CampViews EMR takes a proactive approach instead of a reactive approach for diabetes camp management. This helps assist with the best possible camp experience."
- Sarah Gleich, Executive Director, Nevada Diabetes Association
CampViews EMR is the first electronic medical record with real-time DexCom CGM data and trends. The system streams DexCom CGM data directly to the camp participant's personal record and can be viewed individually from the camper's log or as part of a group of campers displayed in a multiplex grid.
"DexCom is pleased to expand our support of CampViews. Through our first-in-class real-time API for continuous glucose monitoring CampViews will bring additional support to summer camp participants by allowing real-time access to DexCom CGM data.
Access to real-time glucose data has been shown to improve time in range, providing this as part of the camp experience is a natural evolution of the technology and supports our goal of improving the lives of people living with diabetes. Diabetes camps provide a great opportunity for people living with diabetes to have a shared experience and create a lifetime of memories. The CampViews team is to be commended for their work and dedication and we are happy to have supported their efforts."
- Tomas Walker, Vice President, Global Clinical Initiatives, DexCom, Inc.
Diabetes camps operate on sound principals of diabetes management and youth development so that youths can learn to manage their diabetes. Peers and dedicated professionals provide motivation and support, as well as acceptance, understanding, excitement and adventure. CampViews EMR is an all-in-one solution that creates a safe environment that fosters development by providing medical oversight in real time.
"Camps really appreciate the increased efficiency and seamless access to medical information and CGM data that CampViews EMR brings to their programs. CampViews creates the safest environment for campers, counselors and medical providers by giving them everything they need for a camp setting at their fingertips and the ability to view that information from anywhere."
- Nate Gibson, Director of Data Management, Nevada Diabetes Association
The DexCom dashboard system on CampViews EMR is only for secondary display of data from the DexCom CGM system and is for monitoring purposes only. CampViews EMR is not intended to replace the DexCom CGM System or replace self-monitoring practices as advised by a physician.
Download CampViews for iOS https://apps.apple.com/us/app/campviews/id1146970452
Download CampViews for Android https://play.google.com/store/apps/details?id=com.campviews.nda.app
About Nevada Diabetes Association (NDA)
The Nevada Diabetes Association is a 501(c)(3) non-profit organization incorporated in April 1997. The organization was formed from the merger of the Diabetes Educational Center founded in 1980, and the Nevada Children's Diabetes Association to meet a broad spectrum of needs for diabetes services in Nevada and neighboring California communities.
Media Contact
Sarah Gleich, Executive Director of the Nevada Diabetes Association, 775-856-3839, info@diabetesnv.org
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SOURCE Nevada Diabetes Association / California Diabetes Association | https://www.mysuncoast.com/prnewswire/2022/06/20/nevada-diabetes-association-announces-campviews-emr-with-dexcom-cgm-first-its-kind-electronic-medical-record-that-helps-kids-stay-safe-diabetes-camps/ | 2022-06-20T14:17:06Z |
One of the last Republican House primaries of the midterm cycle has emerged as a proxy battle between House GOP leaders and factions of the Republican party.
Candidates vying to face vulnerable Democratic Rep. Chris Pappas in New Hampshire’s 1st Congressional District are jockeying over how Trumpy and conservative they are, as millions of outside dollars are being poured into the race and attacks have gotten personal in the run-up to the Tuesday primary.
Matt Mowers, a former Trump appointee in the State Department, has the endorsement of House Minority Leader Kevin McCarthy (R-Calif.) and Minority Whip Steve Scalise (R-La.), as well as Sen. Tom Cotton (R-Ark.), former Secretary of State Mike Pompeo and former United Nations Ambassador Nikki Haley.
His closest competition is Karoline Leavitt, a 25-year-old former press aide in the Trump White House and in House Republican Conference Chairwoman Elise Stefanik’s (R-N.Y.) congressional office, has endorsements from Stefanik, Reps. Jim Jordan (R-Ohio) and Lauren Boebert (R-Colo.), as well as from Sens. Ted Cruz (R-Texas) and Mike Lee (R-Utah).
And she’s proven to be a strong fundraiser, bringing in more than $1.5 million during the primary cycle.
In response, the Congressional Leadership Fund, a super PAC aligned with McCarthy, has poured more than $1.5 million into the race to support Mowers with digital and television ads, direct mail, phone calls and text messages. Mowers himself has raised $1.7 million, slightly more than Leavitt.
Leavitt has argued that her youth is a party-expanding asset. But well-funded forces are arguing that she is too young and inexperienced to flip the seat.
The Defending Main Street super PAC, part of a network of groups that supports more centrist Republican candidates, has pumped nearly $1.3 million into campaigning against Leavitt.
A television ad released by the super PAC just before Labor Day billed her as “immature and irresponsible,” featuring an old video of Leavitt saying, “Listen up, hoe bags,” before bursting into laughter.
The Republican Main Street Partnership PAC, another organization in the group’s network, endorsed Mowers.
Leavitt says the ad is a sign that the establishment is afraid of her.
“Voters are smart. The negative, desperate, disgusting smears that the establishment and these dirty money super PACs are waging against not only me, but my family, are completely backfiring,” Leavitt told The Hill in an interview. “Voters understand, thanks to President Trump, that when they are attacking you, it means you’re over the target and you’re winning.”
Mowers has also faced consistent attacks from his opponents, including in an ad from Leavitt focusing on the fact that he voted in both New Hampshire and New Jersey presidential primaries in 2016. The New Hampshire Attorney General’s office said that he did not violate the state’s law.
Mowers faced Pappas as the Republican nominee for the seat in 2020, losing by 5 points. This year, after redistricting, the nonpartisan election handicappers at the Cook Political Report say the seat is more of a toss-up.
Some internal and independent polls conducted last month showed Mowers with double-digit leads over Leavitt. But other surveys show a much more competitive race, with a late August poll from the University of New Hampshire finding Mowers leading at 26 percent and Leavitt at 24 percent support.
Other candidates in the crowded race are also pumping their conservative credentials.
Retired broadcast journalist Gail Huff Brown, wife of former Massachusetts U.S. Senator and New Zealand Ambassador under Trump Scott Brown, scored an endorsement from Fox News host Sean Hannity.
State Rep. Tim Baxter, another 25-year-old who is endorsed by Sen. Rand Paul (R-Ky.) and Rep. Thomas Massie (R-Ky.), slightly defended Leavitt from the Main Street ad while also knocking her for arguing that her youth is an asset.
“I just don’t think that people should be campaigning on identity politics. I think you’re never too young or too old,” Baxter told The Hill, also knocking the outside spending. “People are sick of these politicians that are bought and paid for. The people of New Hampshire don’t want a pawn for the swamp as the representative in D.C.”
While different factions of the MAGA movement war with each other in the race, former President Trump himself has stayed silent. He endorsed Mowers in 2020.
But that has not kept candidates from making him central to the race. Trump’s name repeatedly came up at a recent primary debate.
Leavitt leaned into Trump’s unproven claims about the 2020 election, saying in the debate that she believes it was stolen from Trump and that President Biden did not win 81 million votes.
“That’s a preposterous claim,” she said.
The Mowers campaign went as far as to send out a mailer this week that pictured him alongside Trump, and featured the first part of Trump’s 2020 tweet in which he praised and endorsed Mowers — but cutting off the line about endorsements.
“Matt worked tirelessly with President Trump to secure the border, restore America’s energy independence and advance the America First agenda,” John Corbett, a spokesman for Matt Mowers, told The Hill in a statement. “In the days leading up to the primary, Matt is crisscrossing the district offering his solutions to fix the problems, like inflation and high gas prices, created by Joe Biden.”
Though Leavitt had previously said she would vote for McCarthy for House Speaker if she gets to Congress and Republicans would take back the House, she appears to have soured on him after his PAC’s mass spending.
“Kevin McCarthy and the establishment are spending millions and millions of dollars to buy the seat. So I won’t be very inclined to help the establishment when I get down there,” Leavitt told The Hill. | https://cw33.com/hill-politics/new-hampshire-house-primary-emerges-as-gop-proxy-war/ | 2022-09-12T23:49:49Z |
PITTSBURGH, May 31, 2022 /PRNewswire/ -- "I thought there should be a way to warm food while working on a remote jobsite," said one of two inventors, from Honolulu, Hawaii, "so we invented the PORTABLE MINI-WAVE. Our design can be used at any indoor or outdoor location and it would not require electricity."
The patent-pending invention provides a portable microwave oven for warming food. In doing so, it eliminates the need for a traditional power source. As a result, it increases convenience and it can be used at work, campsites, outdoors, etc. The invention features a lightweight and compact design that is easy to use and transport so it is ideal for workers, outdoor enthusiasts, etc.
The original design was submitted to the National sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-CHK-179, 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/2022/05/31/inventhelp-inventors-develop-portable-microwave-warming-food-chk-179/ | 2022-05-31T18:32:56Z |
ALBUQUERQUE, N.M. (AP) — New Mexico’s governor said Tuesday that given the ferocity and swift movements of a record-setting wildfire burning in the northeastern part of the state, the damage will be significant with estimates of burned homes and other structures likely to range between 1,000 and 1,500.
Gov. Michelle Lujan Grisham stressed that was only a rough estimate but likely not an exaggeration, saying it’s clear to state and federal officials that there are many victims who have lost their homes and have had their businesses affected.
“And their families are suffering,” the governor said during a news conference with Federal Emergency Management Agency Administrator Deanne Criswell and top state officials. “And that’s my takeaway, the number of families that we have to help.”
The fire has charred more than 468 square miles (1212 square kilometers) over the last 42 days to earn the distinction of being the largest fire in the arid state’s recorded history. It’s also the largest fire currently burning in the U.S.
Evacuation orders remain in place for some villages. Crews have been working on multiple fronts around the fire’s massive perimeter to herd the flames around homes by building more dozer lines, clearing brush, raking pine needles and setting up sprinkler systems.
A fraction of an inch of precipitation fell over parts of the fire Monday, but a meteorologist assigned to the blaze said those places along the perimeter that needed it most missed out on the moisture.
Fire managers said during a briefing Tuesday evening that they were concerned about potentially erratic winds that could result from thunderstorms that will cross the area.
Lujan Grisham warned that many residents, depending on whether they live, should be ready for potential evacuations all summer given the likelihood for higher fire danger due to strong winds, warmer temperatures brought on by climate change and forecasts for little to no precipitation.
Officials with three of New Mexico’s five national forests announced that closure orders will take effect Thursday, prohibiting public access because of active wildfires and extreme fire danger. All of the Santa Fe National Forest will be off limits along with the Cibola National Forest that borders Albuquerque and the Carson National Forest in far northern New Mexico.
Another fire burning in the Gila National Forest in southern New Mexico had grown more than 57 square miles (148 square kilometers) in one day, causing concern among state officials. Forest roads and trails in the area were closed.
Near the community of Los Alamos, crews made progress on keeping another fire within its containment lines. That blaze was behaving differently given that it was moving through the burn scar of a 2011 wildfire.
Federal officials acknowledged during Tuesday’s briefing that recovery for northern New Mexico will be a long process and that the initial aid provided through emergency programs was not meant to make people whole but rather provide reimbursements for lodging, medical expenses and emergency home repairs. More than 2,000 people already have registered with FEMA.
Lujan Grisham recognized the emotions that many people are feeling after losing homes and property that have been in their families for generations — and in some cases for centuries. She said the goal of state and federal officials is to save all lives and as many properties as possible.
“We have lives to put back together,” she said, adding that she was hopeful Congress would approve pending legislation that would allow additional damages to be paid to New Mexico residents and business owners.
Officials with the U.S. Forest Service announced Tuesday that a special team will begin assessing the cooler areas of the fire to determine what needs to be done to protect against post-fire events like erosion and flooding.
The team will use ground and aerial surveys, satellite imagery and computer models to evaluate conditions and recommend emergency treatments.
Similar work is underway in southern New Mexico and in northern Arizona where early-season wildfires burned homes in forested communities.
Nationwide, more than 2,140 square miles (5,542 square kilometers) have burned so far this year — the most at this point since 2018, according to the National Interagency Fire Center. | https://cw33.com/news/u-s-news/ap-u-s-headlines/new-mexico-fires-prompt-forest-closures-governor-seeks-aid/ | 2022-05-18T20:16:22Z |
Fatal crash east of Evanston
EVANSTON, Wyo. (KIFI) - On Sunday, a fatal crash occurred around milepost 26 on Interstate 80 east of Evanston, Wyoming.
At 7:25 p.m., Wyoming Highway Patrol troopers were notified of a one-vehicle rollover.
A 2002 Chevrolet Trailblazer was headed west on Interstate 80 in the left lane of the interstate. As the vehicle continued west, it crossed into the right lane before exiting the right side of the road and overturning.
The driver of the Chevrolet has been identified as 53-year-old Evanston, Wyoming resident James G. La Rocco. La Rocco was not wearing a seatbelt and was transported by helicopter to the University of Utah, where he later succumbed to his injuries.
A possible medical condition is being investigated as a potential contributing factor.
This is the 19th fatality on Wyoming's roadways in 2022 compared to 25 in 2021, 19 in 2020, and 39 in 2019 to date. | https://localnews8.com/news/wyoming/2022/04/11/fatal-crash-east-of-evanston/ | 2022-04-11T17:38:39Z |
STS XPJ-1682D 64" DTF Printer from Japan Has a Staggered Dual-Head Design that Provides Ultra-Fast Print Speeds, Smooth Gradations, and High Quality Printing
BOCA RATON, Fla., Aug. 31, 2022 /PRNewswire/ -- STS Inks, a global leader in the wide format, industrial and household inkjet ink market, today announced the launch of the STS XPJ-1682D 64" Direct to Film (DTF) Printer from Japan. The first units of the product will be distributed to dealers in the United States in September 2022.
The XPJ-1682D has a staggered dual-head design that provides ultra-fast print speeds. It also produces smooth gradations while delivering high-quality printing even with reduced resolution. The printer as SAI's Flexi DTF Edition RIP Software, bundled with Flexi DTF Editor. The XPJ-1682D also features automatic bi-directional alignments, a user-friendly touch panel, added LED lighting, and an upgraded media feed flange that allows operators to load media and exchange multiple roles easily and quickly.
Specific features of the XPJ-1682D printer include the following:
- STS DTF Inks (CMYK Lm Lc White White)
- Built-in color sensor for auto bidirectional alignments
- Improved feed mechanism corresponding to a wide range of media
- MUTOH Status Monitor (MSM) checks printer status in real time and print history
- Media flange allows for easy media loading
- White ink circulation
- Nozzle area selection
- Drop Master 2 Technology
"The printer's features are designed specifically to increase user friendly operation and maintenance while continuing to offer high production, high-quality output," said Shahar Turgeman, who founded STS Inks in 1999. "The printer is paired with STS's DTF ink, which of course offers users excellent color gamut and outstanding durability."
With the first units of the product being distributed to dealers in the United States in September 2022, customers should contact their dealers directly.
For more information, please visit www.STSInks.com.
STS Inks® is the largest digital ink production company in the United States and global leader in the wide format, industrial and household inkjet ink market. The company's 35,000 square foot U.S. manufacturing facility located in Boca Raton, Florida handles the development, production, packaging and distribution of a huge variety of products, including premium quality inks compatible with most major brands of large format printers. STS Inks was founded by Shahar Turgeman in 1999 and he was joined by his business partner Adam M. Shafran in 2009. The company has a worldwide network of distributors in the United States as well as over 150 countries throughout South America, Europe and Asia. The company has offices in the U.S., Amsterdam and Medellin and warehouses in the U.S., Europe and South America for fast and easy delivery. For more information, please visit www.STSInks.com.
Melissa Perlman
President
BlueIvy Communications
561-310-9921
Melissa@BlueIvy.co
www.BlueIvy.co
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SOURCE STS Inks | https://www.wibw.com/prnewswire/2022/08/31/sts-inks-introduces-new-64-direct-film-printer/ | 2022-08-31T18:00:50Z |
DURHAM, N.C., Aug. 4, 2022 /PRNewswire/ -- 8 Rivers Capital LLC, a world-leading Net Zero Solutions provider, announced that Bob Dudley has joined the 8 Rivers Board. Bob Dudley held the position of CEO at BP from 2010 to 2020. Under Bob's leadership, the global energy provider focused on the dual challenge of providing more energy with fewer greenhouse gas emissions. Bob had a distinguished career with BP and its predecessors spanning over 40 years, serving in a broad range of engineering, commercial, strategic, international, and executive roles. Bob is currently a member of the Board of Directors of Freeport-McMoRan, one of the world's largest, publicly traded copper producers, the chemical company LyondellBasell, and chairs the international, industry-led Oil and Gas Climate Initiative.
Bill Brown, Founder, Executive Chairperson and CTO of 8 Rivers commented "As long as I can remember, Bob was ahead of the curve in driving to Net Zero. He drove BP into areas such as solar, wind, hydrogen fuel cells, biofuels, carbon capture, and clean power—all cornerstones of the 8 Rivers platform. This is the sort of leadership that makes Bob uniquely capable to help guide 8 Rivers as it defines, executes, and delivers Net Zero solutions that the entire world can afford. Our goal is to expand the bottom lines of all end users while increasing their value as they demonstrate a commitment to sustainability."
"We are thrilled to have someone with Bob's background, knowledge and dedication to the energy transition join our Board." Cam Hosie, 8 Rivers' CEO and Board Member said. "Reaching Net Zero by 2050 is the most significant challenge facing the planet today, and the energy transition will be won or lost in the next decade. Bob brings the expertise required to achieve fast, sustainable change at global scale."
Mr. Young Wook Lee, President of SK Inc. Materials welcomed Mr. Dudley's involvement, saying "First of all, I would like to congratulate Mr. Dudley, a world-renowned energy expert, on his appointment to the board. With extensive experience and unmatched capabilities, he is undoubtedly a valuable addition to the CO2 reduction businesses promoted by 8 Rivers and SK Inc. Materials and he will greatly help expedite our goal for becoming leading global Net Zero solution company"
Bob Dudley commented "Few companies in the world have a Net Zero solution set as affordable and as broadly useful as 8 Rivers. Through its combined platform of technology and finance, 8 Rivers is uniquely positioned to help the planet meet its Net Zero goals—all at costs the entire world can afford. 8 Rivers has a fantastic team, and I am very pleased to be its newest member."
ABOUT 8 RIVERS CAPITAL LLC 8 Rivers Capital, LLC is a Durham, NC-based firm leading the invention and commercialization of sustainable, infrastructure-scale technologies for the global energy transition. www.8Rivers.com.
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SOURCE 8 RIVERS CAPITAL | https://www.wibw.com/prnewswire/2022/08/04/8-rivers-capital-llc-appoints-bob-dudley-board-directors/ | 2022-08-04T07:08:18Z |
Bannon contempt-of-Congress trial to begin in earnest
WASHINGTON (AP) — Lawyers for longtime Trump adviser Steve Bannon unsuccessfully requested a one-month delay on the second day of his criminal trial for contempt of Congress.
U.S. District Judge Carl Nichols quickly denied that motion, and the trial was to begin in earnest Tuesday afternoon. However Nichols also indicated he might be open to a one-day delay.
Bannon is facing the federal charges after refusing for months to cooperate with the House committee investigating the Jan. 6, 2021, Capitol insurrection.
The bulk of Tuesday’s morning session revolved around debates over how much of Bannon’s communications with the Jan. 6 committee can be admitted as evidence. Nichols went paragraph-by-paragraph through one particular letter, with Bannon attorney Evan Corcoran warning about the legal dangers of “redactions being made on the fly” before making his delay request.
An unofficial adviser to Trump at the time of the Capitol attack, Bannon is charged with defying a subpoena from the Jan. 6 committee that sought his records and testimony. He was indicted in November on two counts of criminal contempt of Congress, one month after the Justice Department received a congressional referral. Upon conviction, each count carries a minimum of 30 days of jail and as long as a year behind bars.
Nichols had previously ruled that major elements of Bannon’s planned defense were irrelevant and could not be introduced in court. He ruled last week that Bannon could not claim he believed he was covered by executive privilege or that he was acting on the advice of his lawyers.
Bannon attorney David Schoen hinted at his planned defense when he told the judge that Bannon believed he was in the midst of an ongoing negotiation with the Jan. 6 committee and that he “believed the dates were malleable” while that negotiation continued.
“Mr. Bannon believed, right or wrong, that the date had been extended,” Schoen said.
Attorneys for the government intend to argue there was no confusion on Bannon’s part and that his failure to appear was a simple matter of defiance and disrespect for the congressional investigation.
“On it’s face the subpoena demands compliance,” said Assistant U.S. Attorney Amanda R. Vaughn, who said the government would prove “the defendant’s attempts to willfully defy the subpoena.”
Bannon, 68, had been one of the most prominent of the Trump-allied holdouts refusing to testify before the committee. He had argued that his testimony was protected by Trump’s claim of executive privilege, which allows presidents to withhold confidential information from the courts and the legislative branch.
Trump has repeatedly asserted executive privilege — even though he’s a former, not current president — to try to block witness testimony and the release of White House documents. The Supreme Court in January ruled against Trump’s efforts to stop the National Archives from cooperating with the committee after a lower court judge — Tanya S. Chutkan — noted, in part, “Presidents are not kings.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/07/19/bannon-contempt-of-congress-trial-begin-earnest/ | 2022-07-19T16:40:29Z |
Biden: Russia’s war in Ukraine amounts to ‘genocide’
DES MOINES, Iowa (AP) — President Joe Biden on Tuesday said Russia’s war in Ukraine amounted to “genocide,” accusing President Vladimir Putin of trying to “wipe out the idea of even being a Ukrainian.”
“Yes, I called it genocide,” he told reporters in Iowa shortly before boarding Air Force One to return to Washington. “It’s become clearer and clearer that Putin is just trying to wipe out the idea of even being a Ukrainian.”
At an earlier event in Menlo, Iowa, addressing spiking energy prices resulting from the war, Biden had implied that he thought Putin was carrying out genocide against Ukraine, but offered no details. Neither he nor his administration announced new consequences for Russia or assistance to Ukraine following Biden’s public assessment.
WARNING: Videos may contain graphic content.
Biden’s comments drew praise from Ukrainian President Volodymyr Zelenskyy, who had encouraged Western leaders to use the term to describe Russia’s invasion of his country.
“True words of a true leader @POTUS,” he tweeted. “Calling things by their names is essential to stand up to evil. We are grateful for US assistance provided so far and we urgently need more heavy weapons to prevent further Russian atrocities.”
Biden said it would be up to lawyers to decide if Russia’s conduct met the international standard for genocide, as Ukrainian officials have claimed, but said “it sure seems that way to me.”
“More evidence is coming out literally of the horrible things that the Russians have done in Ukraine, and we’re only going to learn more and more about the devastation and let the lawyers decide internationally whether or not it qualifies,” he said.
Just last week Biden had he did not believe Russia’s actions amounted to genocide, just that they constituted “war crimes.”
During a trip to Europe last month, Biden faced controversy for a nine-word statement seemingly supporting regime change in Moscow, which would have represented a dramatic shift toward direct confrontation with another nuclear-armed country. “For God’s sake, this man cannot remain in power,” Biden said.
He clarified the comments days later, saying: “I was expressing the moral outrage that I felt toward this man. I wasn’t articulating a policy change.”
Past American leaders often have dodged formally declaring bloody campaigns such as Russia’s in Ukraine as genocide, hesitating to trigger an obligation under an international genocide convention that requires signing countries to intervene once genocide is formally identified. That obligation was seen as blocking President Bill Clinton from declaring Rwandan Hutus’ killing of 800,000 ethnic Tutsis in 1994 as genocide, for example.
—
Miller reported from Washington. AP writer Ellen Knickmeyer contributed.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/04/12/biden-russias-war-ukraine-amounts-genocide/ | 2022-04-13T00:13:43Z |
ESPOO, Finland, Aug. 10, 2022 /PRNewswire/ -- A consortium comprising Accel-KKR, Long Path Partners and Briarwood Capital Partners today announced the successful completion of the voluntary public tender offer for all the shares in Basware. According to the final results of the tender offer, the shares tendered into the tender offer represent approximately 96.2 percent of all the shares and voting rights carried by the shares in Basware.
On behalf of the consortium members, Dean Jacobson, Managing Director of Accel-KKR, states, "This moment marks a milestone for Basware and the consortium members. The highly successful tender offer enables us to embark on a journey together to advance the field of e-invoicing, Accounts Payable (AP) and procurement automation for valued customers around the world. As Basware's long-term partners, we are committed to bringing our insights and capital in support of Basware's mission to help customers simplify operations and spend smarter. Together with the Basware team, we will work over the coming months to finish the privatization process and map out the future growth trajectory for the company – one that is built on the strength of Basware's brand, history and market-leading capabilities to innovate quickly and continually deliver value to our customers. On behalf of the consortium, I want to give a warm welcome to all Basware customers and employees who are now part of our extended family."
Klaus Andersen, Chief Executive Officer of Basware, adds, "The consortium members have been following Basware for years and they value all aspects of our business -- from the market-leading SaaS products and services to our large global customer base as well as the strength of our highly skilled and motivated employees. The next phase of our company's journey is a fantastic opportunity to strengthen our market position and build new capabilities. We will be able to focus our attention and resources on the things that add value to our customers, such as product innovation and superior customer experience. This moment is nothing short of transformative for our company, and I for one could not be more excited about the future of Basware."
Basware is recognized as a Visionary in the 2021 Gartner® Magic Quadrant™ for Procure-to-Pay Suites1.
About Basware:
Basware is a leading provider of Networked Procure-to-Pay solutions with the largest open e-invoicing network in over 180 countries. Our cloud-based technology enables enterprises to fully manage their spend, mitigate financial risk, and reduce operating costs through automation of finance, procurement, accounts payable and accounts receivable processes. Our open technology ecosystem and extensive partner network have helped over 6,500 businesses in 60 countries move towards 100% spend visibility which enables better business decisions – a concept we call Visible Commerce. Basware's solutions support the transition to a lower-carbon economy by digitization and automation. Basware is traded on the Helsinki exchange (BAS1V:HE). Find out more at https://investors.basware.com/en.
About Accel-KKR:
Accel-KKR is a technology-focused investment firm with $14 billion in capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR's investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR's headquarters is in Menlo Park, with offices in Atlanta, London and Mexico City. Visit accel-kkr.com to learn more.
About Long Path Partners:
Long Path is a registered investment adviser under the regulatory oversight of the SEC. Long Path was founded in 2018 and it has approximately USD 700 million assets under management (AUM). The company invests in a limited number of high quality, predictable businesses operating primarily in the enterprise software and business & information service markets. Long Path's patient and flexible capital base allows for partnering with management teams to execute long-duration investments in both the public and private markets on a global basis. The client base of the company includes endowments and foundations, single- and multi-family offices, Outsourced Chief Investment Officers (OCIO's) and high net worth individuals. For more information, visit www.longpathpartners.com.
About Briarwood Partners:
Briarwood is a registered investment adviser based in New York, United States and under the regulatory oversight of the SEC. The company employs a research-driven, value-oriented investment style focused on international equities. Briarwood is a long-term oriented owner, which seeks to form partnerships with management teams for an extended duration and to work collaboratively on areas where Briarwood can bring expertise such as capital markets. Briarwood's client base mirrors the firm's long-term investment style and consists of capital from global family offices, endowments, and foundations. For more information, visit www.briarwoodcap.com.
IMPORTANT INFORMATION
This release may not be released or otherwise distributed, in whole or in part, directly or indirectly, in or into, Australia, Canada, Hong Kong, Japan, New Zealand or South Africa or in any other jurisdiction in which the tender offer would be prohibited by applicable law.
This release is not a tender offer document and as such does not constitute an offer or invitation to make a sales offer. In particular, this release is not an offer to sell or the solicitation of an offer to buy any securities described herein, and is not an extension of the tender offer, in, Australia, Canada, Hong Kong, Japan, New Zealand or South Africa. Investors shall accept the tender offer for the shares only on the basis of the information provided in a tender offer document. The tender offer is not being made, and the shares will not be accepted for purchase from or on behalf of persons, directly or indirectly in any jurisdiction where either an offer or acceptance thereof is prohibited by applicable law or where any tender offer document or registration or other requirements would apply in addition to those undertaken in Finland.
The tender offer is not being made directly or indirectly in any jurisdiction where prohibited by applicable law and, when published, the tender offer document and related acceptance forms will not and may not be distributed, forwarded or transmitted into or from any jurisdiction where prohibited by applicable laws or regulations. In particular, the tender offer is not being made, directly or indirectly, in or into, by use of the postal service of, or by any means or instrumentality (including, without limitation, e-mail, facsimile transmission, telex, telephone or electronic transmission by way of the internet or otherwise) of interstate or foreign commerce of, or through any facilities of a national securities exchange of, Australia, Canada, Hong Kong, Japan, New Zealand or South Africa. The tender offer cannot be accepted, directly or indirectly, by any such use, means or instrumentality or from within, Australia, Canada, Hong Kong, Japan, New Zealand or South Africa and any purported acceptance of the tender offer resulting directly or indirectly from a violation of these restrictions will be invalid.
Information for shareholders of Basware in the United States
Shareholders of Basware in the United States are advised that the shares are not listed on a U.S. securities exchange and that Basware is not subject to the periodic reporting requirements of the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"), and is not required to, and does not, file any reports with the U.S. Securities and Exchange Commission (the "SEC") thereunder.
The tender offer will be made for the issued and outstanding shares of Basware, which is domiciled in Finland, and is subject to Finnish disclosure and procedural requirements. The tender offer is made in the United States pursuant to Section 14(e) and Regulation 14E under the Exchange Act, subject to exemptions provided by Rule 14d-1(d) under the Exchange Act for a "Tier II" tender offer, and otherwise in accordance with the disclosure and procedural requirements of Finnish law, including with respect to the tender offer timetable, settlement procedures, withdrawal, waiver of conditions and timing of payments, which are different from those of the United States. In particular, the financial information included in this announcement has been prepared in accordance with applicable accounting standards in Finland, which may not be comparable to the financial statements or financial information of U.S. companies. The tender offer is made to Basware's shareholders resident in the United States on the same terms and conditions as those made to all other shareholders of Basware to whom an offer is made.
To the extent permissible under applicable law or regulations, the offeror, Sapphire BidCo Ltd, and its affiliates or its brokers and its brokers' affiliates (acting as agents for Sapphire BidCo Ltd or its affiliates, as applicable) may from time to time after the date of this stock exchange release and during the pendency of the tender offer, and other than pursuant to the tender offer, directly or indirectly, purchase or arrange to purchase the shares or any securities that are convertible into, exchangeable for or exercisable for the shares. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. To the extent information about such purchases or arrangements to purchase is made public in Finland, such information will be disclosed by means of a press release or other means reasonably calculated to inform U.S. shareholders of such information. No purchases will be made outside the tender offer in the United States by or on behalf of Sapphire BidCo Ltd. In addition, the financial advisers to Sapphire BidCo Ltd may also engage in ordinary course trading activities in securities of Basware, which may include purchases or arrangements to purchase such securities. To the extent required in Finland, any information about such purchases will be made public in Finland in the manner required by Finnish law.
Neither the SEC nor any U.S. state securities commission has approved or disapproved the tender offer, passed upon the merits or fairness of the tender offer, or passed any comment upon the adequacy, accuracy or completeness of the disclosure in this stock exchange release. Any representation to the contrary is a criminal offence in the United States.
The receipt of cash pursuant to the tender offer by a U.S. holder of shares may be a taxable transaction for U.S. federal income tax purposes and under applicable U.S. state and local, as well as foreign and other, tax laws. Each holder of shares is urged to consult its independent professional adviser immediately regarding the tax consequences of accepting the tender offer.
It may be difficult for Basware's shareholders to enforce their rights and any claims they may have arising under the U.S. federal securities laws, since Basware is located in a non-U.S. jurisdiction, and some or all of its officers and directors may be residents of non-U.S. jurisdictions. Basware's shareholders may not be able to sue Basware or its officers or directors in a non-U.S. court for violations of the U.S. federal securities laws. It may be difficult to compel Basware and its affiliates to subject themselves to a U.S. court's judgment.
Disclaimer
Lazard & Co., Limited ("Lazard"), which is authorized and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively as financial advisor to Sapphire BidCo Ltd and no one else in relation to the tender offer or the matters referred to in this announcement and will not be responsible to anyone other than Sapphire BidCo Ltd for providing the protections afforded to clients of Lazard nor for providing advice in relation to the tender offer or any other matters referred to in this announcement. Neither Lazard nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Lazard in connection with this announcement, any statement contained herein or otherwise.
Danske Bank A/S, Finland Branch is acting exclusively for Sapphire BidCo Ltd and no one else in relation to the tender offer or the matters referred to in this document, will not regard any other person than Sapphire BidCo Ltd as its client in relation to the tender offer and will not be responsible to anyone other than Sapphire BidCo Ltd for providing the protections afforded to its clients nor for providing advice in relation to the tender offer or any other transaction or arrangement referred to in this document.
Goldman Sachs International, which is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively for Basware and no one else in connection with the tender offer and the matters set out in this announcement. Neither Goldman Sachs International nor its affiliates, nor their respective partners, directors, officers, employees or agents are responsible to anyone other than Basware for providing the protections afforded to clients of Goldman Sachs International, or for giving advice in connection with the tender offer or any matter or arrangement referred to in this announcement.
1 Gartner Magic Quadrant for Procure-to-Pay Suites, by Kaitlynn Sommers, William McNeill, Micky Keck, Patrick Connaughton, published on October 25th, 2021
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Media Contact:
- Todd Fogarty, Kekst CNC todd.fogarty@kekstcnc.com
- corporatecommunications@basware.com
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SOURCE Accel-KKR; Long Path Partners; Briarwood Capital Partners | https://www.mysuncoast.com/prnewswire/2022/08/10/accel-kkr-long-path-briarwood-announce-successful-completion-public-tender-offer-basware/ | 2022-08-10T10:54:16Z |
Walmart ordered to pay man $4M after discrimination lawsuit
PORTLAND, Ore. (KPTV/Gray News) - An Oregon jury decided that a man who claimed racial profiling should be awarded millions after filing a civil lawsuit against Walmart.
Michael Mangum claimed an asset protection employee racially profiled him in March 2020 at a Walmart in Wood Village, Oregon, and called deputies on him for no reason other than wanting him to leave the store.
After the verdict, Walmart has been ordered to pay $4 million in damages to Mangum, KPTV reports.
Mangum said he was visiting the store to buy a light bulb, and an employee at the store suddenly confronted him, told him to leave and then called Multnomah County Sheriff’s deputies.
According to court documents, the Walmart employee was identified as Joe Williams. The documents also revealed that deputies knew that Williams had a history of frequent 911 calls, often making embellishing accusations about people in his Walmart location.
Mangum and his lawyer, Greg Kafoury, said that Williams remained on the job after the incident in March 2020 but no longer works for Walmart now.
Mangum said Williams keeping his job was hurtful.
“No suspension, no investigation, that’s kind of a slap in my face, for one,” he said. “Because I’m sure he’s done this to a lot of people.”
Mangum works for Home Forward, an affordable housing and youth outreach nonprofit. He said he hopes his experience can be a teachable moment for the youth he serves.
“I hope they don’t focus on the money,” he said. “That’s not my message. My message is tell the truth, stand up for yourself, know your rights, and I just try to teach them to advocate.”
Even though it may be two years later, Mangum said experiencing racial profiling in such a public place like Walmart has reshaped his perspective when working with at-risk youth.
“It gives me a chance to really, really feel where they’re coming from,” he said.
KPTV reached out to Walmart for comment on the verdict, and a spokesperson sent back a statement, which reads:
“We do not tolerate discrimination. We believe the verdict is excessive and is not supported by the evidence. Mr. Mangum was never stopped by Walmart’s Asset Protection. He interfered with our associates as they were surveilling and then stopped confirmed shoplifters, and then refused to leave despite being asked to repeatedly by our staff and Multnomah County deputies. We are reviewing our options including post-trial motions.”
Copyright 2022 KPTV via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/08/23/walmart-ordered-pay-man-4m-after-discrimination-lawsuit/ | 2022-08-23T10:25:05Z |
¡Hola elitistas amantes de los liberales! Nosotros estamos aquí ¿Qué hay para el almuerzo?
If English is still your primary language, the above roughly translates to: “Hello, liberal-loving elitists. Here we are. What’s for lunch?”
It seems cities like New York, Chicago, Washington, D. C., and other Democratic bastions have declared themselves sanctuary cities, meaning everyone is welcome, including illegal immigrants (or as Joe Biden refers to them, “noncitizens.”) They have stated flatly they will not honor efforts to enforce immigration law.
Now there is a campaign among border states to transport migrants to these cities and challenge Democratic-run governments that have long touted their openness to immigrants to walk their talk.
Republican governors in Texas, Arizona and Florida, which are overrun with immigrants, are taking the sanctuary providers up on their kind offer and are shipping them their very own — uh — whatchamacallits.
This past week, Florida Gov. Ron DeSantis shipped two planeloads of 50 immigrants to — are you ready? — tony Martha’s Vineyard, Mass. I can hear the martini glasses hitting the floor at cocktail parties across the island along with dropped jaws.
Immigrant-rights activists have accused DeSantis of using the newly arrived noncitizens as “political pawns.” Massachusetts politicians called it a cruel ploy. I call it a political “gotcha.” You say you love illegal immigrants? Here, have some of mine.
“We are not a sanctuary state,” DeSantis said, “and it’s better to be able to go to a sanctuary jurisdiction, and yes, we will help facilitate that transport for you to be able to go to greener pastures.” The governor added, “Every community in America should be sharing in the burdens. It shouldn’t all fall on a handful of red states.”
Texas Gov. Greg Abbott says his state intentionally sent two buses of migrants to Vice President Kamala Harris’ residence in the nation’s capital. “VP Harris claims our border is ‘secure’ & denies the crisis,” Abbott tweeted. “We’re sending migrants to her backyard to call on the Biden Administration to do its job and secure the border.”
Texas had already bused nearly 9,000 migrants to New York City and Washington, D.C. Abbott’s attitude seem to be: If those cities like undocumented/illegal/noncitizen/immigrants so much, they should have few thousand of their own.
Arizona’s Republican Gov. Doug Ducey has had several busloads of immigrants dropped off near the U.S. Capitol. A spokesman for the governor said, “This is a problem caused by Washington. We’re bringing it to Washington, and we expect Washington to foot the bill. We’re going to send them a bill.”
Other Democratic sanctuary cities such as Boston, Philadelphia, Portland and Seattle are bracing themselves for an unexpected influx of immigrants from these border states. Clearly, these cities and those that run them have been caught off-guard by the action of those three state governors.
Right now, the recipients of these noncitizen persons are mostly sputtering righteous indignation, although a group of liberal activists say it is headed to Texas to block future buses of immigrants from leaving the state. New York City Mayor Eric Adams said he’s sending a “fact-finding delegation” to Texas to see how that state treats migrants and to see “first-hand, the reportedly inhumane conditions in which asylum seekers are being subjected to by the state of Texas.”
I don’t have a dog in this fight, but I’d be careful with my threats. As the old saying goes, “Don’t mess with Texas.”
All of this furor is a result of Joe Biden easing immigration rules and letting a lot of people into the United States that I am sure Mexico and Venezuela and other countries are glad to get out of their hair.
Sanctuary city officials are wringing their hands at the cold-hearted actions of border state Republican governors and their perceived mistreatment of young families wanting a fresh start in the U.S. But there is no doubt a lot of bad actors are sneaking in as well, maybe even a terrorist or two. Why should Texas and Florida and Arizona bear all the risk? Let’s all share and share alike.
In the meantime at Martha’s Vineyard, I suspect things may never be the same at the Friday night cocktail parties. Instead of, “Darling, have you read Barack’s latest book? He signed it for me, you know,” you are more likely to hear, “A sus canapés les vendría bien un poco más de aceite de trufa.” (Your canapes could use a little more truffle oil.) Welcome to America.
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Error! There was an error processing your request. | https://www.albanyherald.com/opinion/dick-yarbrough-in-praise-of-governors-pay-back-actions/article_aa821f1e-3774-11ed-aec8-cbdfaab03ec7.html | 2022-09-18T20:24:22Z |
GRAND RAPIDS, Mich., July 28, 2022 /PRNewswire/ -- The M&A Advisor recently announced that Blackford Capital's Andrew Hakim has been recognized as a recipient of the 13th Annual M&A Advisor Emerging Leaders Awards. The awards recognize professionals under the age of 40 from across the United States for their leadership in M&A, financing and restructuring. The winners were chosen from a competitive field for their accomplishments in business and community service by an independent panel.
Mr. Hakim, currently serving as a Vice President at Blackford Capital, a lower middle market Private Equity firm based in Grand Rapids, has been chosen from a pool of prominent nominees for his notable accomplishments in business and in service to the community. Andrew leads the firm's Portfolio Company Operations team and is responsible for key aspects of analyzing, acquiring, capitalizing, growing, and exiting the firm's equity investments.
Raised in West Michigan, Mr. Hakim earned both undergraduate and graduate degrees in Engineering from the University of Michigan. Following the award of his Master's Degree in 2013, he began his career in Chicago as a management consultant for Kearney, focusing on executive's most pressing problems across some of the largest and most prestigious organizations in the world. Ready to take his personal and professional life to the next level, Mr. Hakim returned to Michigan– where he decided he wanted to raise his family – and joined Blackford Capital as an Associate in 2018.
"I am honored to be acknowledged by The M&A Advisor as one of this year's Emerging Leaders," said Hakim. "I'm tremendously grateful to Martin Stein and the rest of the Blackford Capital leadership team for setting me up for success from day one. My growth in the industry is a testament to the opportunities I've been given during my time here. I strive to give the same level of guidance, empowerment and inspiration to other professionals as they progress their careers."
The M&A Advisor, renowned globally for its recognition and presentation of leading M&A, financing and turnaround professionals, created this recognition awards program to promote mentorship and professional development amongst the emerging leaders of corporate finance and dealmaking industries.
"Andrew has been an exceptional addition to the Blackford Capital team since he first walked through our doors in 2018," said Martin Stein, Blackford Capital founder and managing director. "He has an impressive business acumen and it's been a pleasure to watch him grow as a private equity professional; to see – firsthand – how his business savvy and impeccable character combine to achieve excellence in even the everyday activities."
For a complete list of the 2022 Emerging Leaders Award Winners Click Here.
Founded in 2010, Blackford Capital is a private equity investment firm headquartered in Grand Rapids, Michigan. Blackford acquires, manages, and builds founder and family-owned, lower middle-market companies, with a focus on the manufacturing, industrial and distribution industries. With a reputation for a relentless approach to value creation and a focus on operational excellence, Blackford was named the Private Equity Firm of the Year by M&A Advisor in 2021 and 2018. The firm has also received Deal of the Year honors from M&A Advisor in multiple categories, and its portfolio companies have also been included on the Inc. 5000. For more information, visit www.blackfordcapital.com.
Amy Romano, Senior Director
Lambert
aromano@lambert.com
480-577-9989
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SOURCE Blackford Capital | https://www.wibw.com/prnewswire/2022/07/28/blackford-capitals-andrew-hakim-announced-recipient-13th-annual-emerging-leaders-award/ | 2022-07-28T13:00:50Z |
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