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David Beckham Fast Facts
CNN Editorial Research
Here’s a look at the life of retired professional soccer player David Beckham.
Personal
Birth date: May 2, 1975
Birth place: London, England
Birth name: David Robert Joseph Beckham
Father: David Edward “Ted” Beckham, an appliance repairman
Mother: Sandra (West) Beckham, a hairdresser
Marriage: Victoria (Adams) Beckham (July 4, 1999-present)
Children: Harper, Cruz, Romeo and Brooklyn
Other Facts
Retired professional soccer (European football) player nicknamed “Becks.”
Married to Spice Girl Victoria (Adams) Beckham, nicknamed “Posh Spice.”
Midfielder known for his ability to “bend” his free kicks, curving the ball around or over defenders to score. The movie title, “Bend it like Beckham” is a tribute to his kicking style.
Won league titles in four different countries while playing for Manchester United, Real Madrid, Los Angeles Galaxy and Paris Saint-Germain.
Played 115 times for England between 1996 and 2009.
Leadership Council Member of Malaria No More UK.
Timeline
1991 – At age 16, leaves home to play in Manchester United’s training league.
April 2, 1995 – Premier League debut with Manchester United.
1996 – Gains recognition when he scores a goal from the halfway line, a kick of almost 60 yards.
September 1996 – Makes his international debut in the World Cup qualifier against Moldova. England wins 3-0.
1998 – Is named to the English national team for 1998 World Cup.
1998 – Beckham is given a red card and ejected from a second round World Cup match for kicking out at Argentina’s Diego Simeone, which contributed to England’s elimination.
1999 – Leads Manchester United to a treble, winning the English Premier League, FA Cup and European Champions League trophies.
November 15, 2000 – Is named captain of England’s national team.
April 2002 – Breaks a bone in his foot but later competes in the World Cup finals in June. England ultimately loses to Brazil in the quarterfinals.
May 2003 – Breaks his hand during a 2-1 win over South Africa in Durban.
June-July 2003 – Traded by Manchester United to Real Madrid. He signs a four-year contract with Real Madrid for $40 million.
November 27, 2003 – Receives an Officer of the Order of the British Empire (OBE) from Queen Elizabeth II.
January 10, 2005 – Appointed UNICEF Goodwill Ambassador, with a focus on the program Sport for Development.
August 3, 2005 – Is awarded libel damages from the tabloid, the People, that accused him of making hate calls to a former nanny.
March 9, 2006 – Settles a libel case against the British tabloid, News of the World, over a 2004 headline that read, “Posh and Becks on the Rocks.”
January 2007 – Signs on with the Los Angeles Galaxy, an American Major League Soccer team.
July 21, 2007 – Plays his first game with the LA Galaxy. It is initially reported he will receive an estimated $250 million over the life of his five-year contract, but later revealed that the Galaxy will pay him $32.5 million over five years.
March 26, 2008 – Appears for the 100th time in an England uniform. During the England/France game Beckham receives a standing ovation from both sides as he leaves the field during a substitution.
January 2009 – Loaned by the LA Galaxy team to the AC Milan club. He initially agrees to a three-month stint with the Milan team but the loan is extended to six months.
December 2009 – Is loaned to AC Milan a second time until the end of the Italian season in May.
March 14, 2010 – Tears an Achilles tendon during an AC Milan match and is unable to play in the World Cup.
December 1, 2012 – Plays his final game with the LA Galaxy.
January 31, 2013 – Announces that he has signed with Paris Saint-Germain for five months and will donate the pay to a children’s charity in Paris.
May 16, 2013 – Announces that he will retire from professional soccer at the end of his season.
February 5, 2014 – Announces he will establish a Major League Soccer franchise in Miami.
February 9, 2015 – Launches 7: The David Beckham UNICEF Fund, a collaboration with UNICEF to help kids in danger zones around the world.
November 18, 2015 – People names Beckham its “Sexiest Man Alive” for 2015.
January 29, 2018 – MLS announces that Miami has been awarded the league’s 25th franchise, about four years after Beckham first announced his intention to exercise his right to buy an MLS franchise in February 2014. The Beckham franchise will be backed by Cuban-American businessmen Jorge and Jose Mas, CEO of Sprint Corporation Marcelo Claure, entertainment producer Simon Fuller and the founder of Japanese telecommunications firm SoftBank, Masayoshi Son.
September 5, 2018 – Beckham’s Miami expansion team announces it name, Club Internacional de Futbol Miami, Inter Miami for short.
March 1, 2020 – Inter Miami plays its debut MLS game.
October 2, 2020 – A company co-founded Beckham, Guild Esports, lists on the London Stock Exchange, becoming the first esports franchise to go public on the LSE.
March 20, 2022 – Beckham hands over control of his Instagram account to a doctor in Ukraine, in a bid to highlight the work of medical professionals caring for patients amid the Russian invasion of the country.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/04/15/david-beckham-fast-facts-2/ | 2022-04-15T22:15:18Z |
Bartesian Professional is available at national and major league sports stadiums nationwide including Fenway Park, Wrigley Field and Minute Maid Park
CHICAGO, May 26, 2022 /PRNewswire/ -- Bartesian is expanding and forging new partnerships to serve the high demand for premium cocktails at commercial venues. The top rated intelligent cocktail maker will now pour lounge-quality drinks at the push of a button in sports stadiums, restaurants, hotels, bars and other venues.
"We're thrilled to bring the Bartesian cocktail experience to top venues across the country," said Bartesian Founder & CEO Ryan Close. "Consumer demand for cocktails is at an all time high, yet venues have been challenged by the labor, ingredients and the time required to deliver consistent, premium cocktails. With our commercial unit, we're able to offer the hospitality and entertainment industry a solution that exceeds their high standards. This expansion into professional settings is an exciting new stage in our company's growth, and we look forward to continuing to build upon our existing partnerships."
The Bartesian Professional offers lounge-quality drinks and all the benefits of a fully-stocked bar in one sleek and compact machine. Thoughtfully designed for a commercial setting, the new machine is equipped to make consistent, delicious cocktails for large groups without the wait or need for numerous ingredients and extensive clean-up. The unit features a tamper proof locking system and commercial certifications.
The Bartesian Professional tested successfully in pilot programs at multiple stadiums across different sports leagues leading to a strong and growing partnership with Aramark and Delaware North.
"During the 2021 NFL season, Bartesian offered a unique cocktail program at Paul Brown Stadium (home of the Cincinnati Bengals), elevating the fan experience by providing bar-quality cocktails at the push of a button and helping to drive increased revenue at the venue," said Alison Birdwell, President and CEO of Aramark Sports and Entertainment. "Because of the program's success, we're excited to expand the partnership and bring the premium service to five of Aramark's MLB accounts this coming season."
Delaware North tested Bartesian Professional in suites during the 2019 MLB season and has steadily grown the partnership, rolling out programs across all of Delaware North's MLB, NFL & NBA venues in 2022.
"The new 'Bartesian Professional' changes the game for venues," said Rico Ferranti, Corporate Beverage Director for Delaware North Sportservice. "This partnership allows our guests to have an elevated cocktail experience while also increasing revenue and streamlining operations in our venues."
Participating stadiums include Fenway Park, Wrigley Field, Minute Maid Park, RingCentral Coliseum, Citizens Bank Park, Kauffman Stadium, Truist Park, Great American Ball Park, Progressive Field, American Family Field, Oriole Park at Camden Yards, Target Field, Comerica Park, Angel Stadium and Globe Life Field. The Bartesian Professional will be available in suites, clubs and concessions.
About Bartesian:
Bartesian is the first-ever intelligent cocktail maker using capsules that contain the real, premium ingredients for on-demand, perfectly crafted cocktails. Bartesian creates Premium Cocktails on Demand™ with the customer's choice of spirits at customizable strengths. Behind the company is a group of innovative designers, engineers and mixology enthusiasts working together to elevate the cocktail experience. It is a winner of various awards including the 2020 CES Innovation Award, The Knot Registry Award, Good Housekeeping Best Innovation of 2020 Award, and has been selected as one of Oprah's Favorite Things.
Bartesian can be purchased at Bartesian.com or in all of major retailers, including Macy's, Williams-Sonoma and Kohl's. More than 40 unique cocktails are available with new recipes like Lemon Drop, Amaretto Sour and Blackberry Margarita debuting regularly. Each fully recyclable Bartesian cocktail capsule is packed with the highest quality bitters, liqueurs, juices, and ingredients needed to make the perfect cocktail in seconds.
For partnership requests and other sales inquiries, please contact the Bartesian team at hello@bartesian.com.
PR CONTACT: Anna Marie Imbordino
PR COMPANY: Zen Media
PHONE: 1 630-550-7510
PR EMAIL: annamarie@zenmedia.com
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SOURCE Bartesian | https://www.mysuncoast.com/prnewswire/2022/05/26/leading-intelligent-cocktail-maker-bartesian-announces-expansion-stadiums-hotels-amp-other-commercial-venues/ | 2022-05-26T16:31:14Z |
JOYSBIO, one of the world's leading manufacturers of rapid test kits, has developed two new Monkeypox tests that deliver results in 15 minutes
TIANJIN, China, Aug. 17, 2022 /PRNewswire/ -- JOYSBIO, one of the world's leading manufacturers of lateral flow rapid test kits, is proud to announce the development of two Monkeypox tests, both of which deliver results in 15 minutes or less. JOYSBIO recently launched a Monkeypox Antigen Rapid test and a Monkeypox IgM/IgG Antibody Rapid test, both are CE-IVD marked. The antigen test tests specimens from human serum, plasma, whole blood, throat swab, saliva, or lesion exudate to determine if there are monkeypox virus antigens. The IgM/IgG Antibody test uses a few drops of blood to find the antibodies that a person's body created after the monkeypox infection. Both tests are currently in clinical evaluation in Europe and showed reliable results with infected patients. More information is available at https://en.joysbio.com/monkeypox-rapid-test-kit/.
"On the heels of COVID-19, another global health concern, monkeypox," said Rick Zhang, Business Development Director for JOYSBIO. "Fortunately, we have treatments for monkeypox that can reduce the painful lesions and likelihood of death. We also have a vaccine for this disease since it's been around for a very long time. Still, before patients can be treated, they need to be properly diagnosed. Monkeypox looks like many other pox diseases. Our tests will be a great tool for healthcare professionals, especially when having limited access to PCR tests."
Monkeypox has had a historical fatality rate of 0.1% to 11% in the general population, but it is much more of a concern among children where the fatality rate can skyrocket. Knowing what one has a disease is always the first step to surviving it. With the JOYSBIO Monkeypox antigen and antibody rapid tests, getting those answers will be much faster and allow healthcare workers to protect themselves and the public better.
"At JOYSBIO," Zhang said. "We're committed to keeping up with all infectious threats to humanity. We will continue to improve our existing tests and develop new ones as needed. The sooner one knows that they're ill, the sooner they can take proactive steps to prevent spread and take care of oneself."
About JOYSBIO
JOYSBIO (Tianjin) Biotechnology Co., Ltd. is an R&D-focused Chinese biotechnology company that develops, manufactures, and supplies high-quality medical in-vitro diagnostic (IVD) rapid test kits as well as revolutionary customized reagent kits to all parts of the world. JOYSBIO was founded by a team of professionals with many years of combined technical, marketing/sales, operational, and manufacturing expertise in this industry. JOYSBIO is a world-leading lateral flow test kit developer and manufacturer that supplied more than 200 million units of SARS-COV-2 rapid test kits during the COVID-19 outbreak.
If you would like more information about this topic, please contact Rick Zhang at +86-130-7204-9899 or email at bd@joysbio.com.
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SOURCE JOYSBIO (Tianjin) Biotechnology Co., Ltd. | https://www.wibw.com/prnewswire/2022/08/17/joysbio-has-developed-new-monkeypox-rapid-tests/ | 2022-08-17T07:29:08Z |
NEW YORK, April 8, 2022 /PRNewswire/ -- Stone Harbor Emerging Markets Income Fund (NYSE: EDF), a closed-end fund, today announced that it will remove its managed distribution plan, effective with the May distribution. The Fund intends to maintain its level payout at the current distribution rate of $0.06 per share. The managed distribution plan was determined not to be necessary at the current time, given that the Fund's principal investment strategy is not focused on generating capital gains, and that elimination of the plan and its associated requirements may reduce certain Fund expenses.
The Fund also announced the declaration of a monthly distribution of $0.06 per common share, payable on the date noted below. Based on the Fund's current share price of $6.58 and net asset value per share of $5.60 (as of close on April 7, 2022), the distribution represents an annualized distribution rate of 10.94% and 12.86%, respectively.
The following dates apply to the distribution declared:
Effective April 11, 2022, the Fund will begin trading as the Virtus Stone Harbor Emerging Markets Income Fund. The Fund's CUSIP (86164T107) and ticker (EDF) will not change.
As of the date of this release, the Fund's shares are trading at a premium to net asset value ("NAV"). When the Fund is trading at a premium, shareholders that participate in the Fund's Dividend Reinvestment Plan (the "Plan") will generally have their distributions invested in newly issued common shares at a discount to the Fund's market price, as set forth in more detail in the Plan. Additional information about the Plan is included in the Fund's annual and semi-annual reports to shareholders. Shareholders who hold their shares through brokers or other financial intermediaries should discuss with their financial intermediaries whether it would be beneficial to participate in the Fund's Plan.
The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income." You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution plan.
This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund's distributions that have been declared by the Board of Directors. In 2023, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder's tax return (e.g., ordinary income, capital gain or return of capital). The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Stone Harbor Emerging Markets Income Fund is a non-diversified, closed-end management investment company that is managed by Stone Harbor Investment Partners, LLC ("Stone Harbor"). The Fund's primary investment objective is to maximize total return, which consists of income and capital appreciation on its investments in emerging markets securities. There is no assurance that the Fund will achieve its investment objective.
The Fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus borrowings for investment purposes) in emerging markets securities ("the 80% policy"), which include fixed income securities and other instruments, including derivatives, that are economically tied to emerging market countries, that are denominated in the predominant currency of the local market of an emerging market country or whose performance is linked to those countries' markets, currencies, economies or ability to repay loans. A security or instrument is economically tied to an emerging market country if it is principally traded on the country's securities markets or if the issuer is organized or principally operates in the country, derives a majority of its income from its operations within the country or has a majority of its assets within the country.
Stone Harbor Investment Partners, LLC, an affiliated manager of Virtus Investment Partners, is a global institutional fixed-income investment manager specializing in credit and asset allocation strategies. The firm manages institutional clients' assets in a range of investment strategies including emerging markets debt, global high yield, bank loans, as well as multi-sector credit products including unconstrained and total return approaches. The firm's investment strategies are based on fundamental insights, derived from a combination of proprietary research and the in-depth knowledge and specialized experience of the firm's team. Founded in 2006, it is based in New York City with additional offices in London and Singapore.
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. For more information, visit virtus.com.
For more complete information, please call 1-212-548-1043 or visit the Fund's website, www.shiplpcef.com
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SOURCE Stone Harbor Emerging Markets Income Fund | https://www.kxii.com/prnewswire/2022/04/08/stone-harbor-emerging-markets-income-fund-remove-managed-distribution-plan-declares-monthly-distribution-006-per-share/ | 2022-04-08T21:11:39Z |
- Hundreds of Aspen Dental offices to open doors for annual Day of Service, honoring veterans
- Veterans and their families can call 1-844-277-3646 to schedule an appointment
CHICAGO, May 29, 2022 /PRNewswire/ -- On Saturday, June 11, participating Aspen Dental locations nationwide will open their doors to provide free care to military veterans across the country. Now in its 8th year, the Aspen Dental Day of Service provides much-needed dental care for veterans and their families at no cost to honor their service and break down barriers to health care.
Appointments are still available for veterans in Louisiana, at the following Aspen Dental locations:
- Alexandria, Louisiana
- Baton Rouge, Louisiana (College Dr)
- Bossier City, Louisiana
- Covington, Louisiana
- Gonzales, Louisiana
- Hammond, Louisiana
- Houma, Louisiana
- Kenner, Louisiana
- Marrero, Louisiana
- Shreveport, Louisiana
- Slidell, Louisiana
Veterans and their families can call 1-844-277-3646 (1-844-ASPENHMM) to find a participating Aspen Dental office in their community and schedule an appointment. Advance appointments are required. During the Day of Service, Aspen Dental doctors and their teams focus on treating the most urgent dental needs for veterans and their families - with a focus on getting them out of pain, from fillings and extractions to dental hygiene and basic denture repairs.
Millions of Americans struggle to access dental care every year, and veterans are no exception. In fact, U.S. veterans are ineligible for dental benefits through the Veterans Administration unless they're 100% disabled, have a service-related mouth injury, or were a prisoner of war.
Visit www.HealthyMouthMovement.com to learn more.
Aspen Dental was founded in 1998 in New York by Bob Fontana with a simple goal in mind: to break down the barriers that doctors and patients face when it comes to dental care. Today, more than 20 years later, with nearly 1,000 Aspen Dental locations nationwide, the mission of the company remains the same – to bring better care to more people. Aspen Dental is the largest group of branded dental offices in the world. For more information, visit aspendental.com, and follow us on Facebook, Twitter, and LinkedIn.
TAG – The Aspen Group was built on the simple idea of bringing better health care to more people. TAG and the independent health care practices it supports operate more than 1,100 locations in 45 states through its four health care support companies: Aspen Dental®, ClearChoice Dental Implant Centers®, WellNow Urgent Care® and Chapter Aesthetic StudioSM. Combined, the companies serve more than 35,000 patients a day and more than 8 million patients each year. TAG is headquartered at 800 W. Fulton Market in Chicago. For more information, visit teamtag.com, and follow us on LinkedIn and Twitter.
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SOURCE Aspen Dental | https://www.wibw.com/prnewswire/2022/05/29/free-dental-care-military-veterans-their-families-saturday-june-11-with-appointments-still-available-louisiana/ | 2022-05-29T17:38:02Z |
Same Store RevPAR Increases 63%; 2019 RevPAR Recapture Reaches New Quarterly High of 94%
Accretive Transaction Activity Completed with Miami Brickell Acquisition and San Francisco Hilton Garden Inn Sale
Reinstatement of Quarterly Common Dividend Announced
AUSTIN, Texas, August 2, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three and six months ended June 30, 2022.
"Our operating results continued to improve meaningfully during the quarter driven by robust leisure demand and the accelerating recovery of corporate transient and group demand which has continued to shift growth in our portfolio midweek and to our urban assets. During the second quarter, we achieved pandemic era highs in nominal RevPAR, 2019 RevPAR recapture, and operating profit margin as average daily rates exceeded 2019 levels by 2% for the quarter and an encouraging 5% in the month of June," said Jonathan P. Stanner, the Company's President and Chief Executive Officer. "Given the ongoing strength of the recovery in our operating results and our successful transaction and balance sheet activity, we are pleased to announce the reinstatement of a quarterly common dividend. This reinstatement reflects our conviction in the ability of our business to continue to produce strong free cash flow and navigate any uncertainty created by macroeconomic volatility. Year-to-date we have completed nearly $1 billion of opportunistic transactions, including more than $900 million of acquisitions in high-growth sun belt markets which continue to perform better than our underwritten expectations. Our balance sheet is well positioned with nearly $500 million of total liquidity and a favorable debt maturity profile, giving the Company ample flexibility to pursue a broad range of opportunities," commented Mr. Stanner.
Second Quarter 2022 Summary
- Net Income (Loss): Net income attributable to common stockholders was $7.9 million, or $0.07 per diluted share, compared to ($22.4) million, or ($0.21) per diluted share, in the same period of 2021.
- Pro forma RevPAR: Pro forma RevPAR increased 54.2 percent to $121.40 compared to the same period in 2021. Pro forma ADR increased 37.1 percent to $163.62 compared to the same period in 2021, and pro forma occupancy increased 12.5 percent to 74.2 percent.
- Same Store RevPAR: Same Store RevPAR increased 62.7 percent to $127.44 compared to the same period in 2021. Same store ADR increased 40.4 percent to $169.01 compared to the same period in 2021, and same store occupancy increased 15.9 percent to 75.4 percent.
- Pro Forma Hotel EBITDA: Pro forma hotel EBITDA increased to $70.7 million compared to $36.5 million in the same period in 2021. Pro forma hotel EBITDA margin grew to 37.8 percent from 31.4 percent in the same period of 2021.
- Adjusted EBITDAre: Adjusted EBITDAre increased to $54.6 million from $21.7 million in the same period of 2021.
- Adjusted FFO: Adjusted FFO was $32.6 million, or $0.27 per diluted share, compared to $8.4 million, or $0.08 per diluted share, in the same period of 2021. During the second quarter, the Company recognized a one-time $20.5 million gain on sale related to the sale of the Hilton Garden Inn San Francisco Airport North hotel which resulted in $3.5 million of incremental tax expense recorded during the quarter. Adjusted for the one-time gain and related income tax expense, adjusted FFO was $36.1 million, or $0.30 per diluted share.
- Capital Improvements: The Company invested $14.9 million in capital improvements during the second quarter and $11.8 million on a pro rata basis after consideration of joint ventures.
The Company's results for the three and six months ended June 30, 2022, and 2021 are as follows (in thousands, except per share amounts):
Monthly Operating Data
Year-to-Date 2022 Summary
- Net Loss: Net loss attributable to common stockholders was $4.4 million, or $0.04 per diluted share, compared with a net loss of $57.5 million, or $0.55 per diluted share, in the same period of 2021.
- Pro Forma RevPAR: Pro forma RevPAR increased 64.8 percent to $110.27 from the same period in 2021. Pro forma ADR increased 41.9 percent to $159.26 compared to the same period in 2021, and pro forma occupancy increased 16.1 percent to 69.2 percent.
- Same Store RevPAR: Same store RevPAR increased 72.5 percent to $113.22 from the same period in 2021. Same store ADR increased 43.9 percent to $163.22 compared to the same period in 2021, and same store occupancy increased 19.8 percent to 69.4 percent.
- Pro Forma Hotel EBITDA: Pro forma hotel EBITDA increased to $120.1 million compared to $51.5 million in the same period in 2021. Pro forma hotel EBITDA margin grew to 35.6 percent from 26.4 percent in the same period of 2021.
- Adjusted EBITDAre: Adjusted EBITDAre increased to $87.5 million from $28.0 million in the same period of 2021.
- Adjusted FFO: Adjusted FFO was $52.8 million, or $0.44 per diluted share, compared to $1.5 million, or $0.01 per diluted share, in the same period of 2021. During the six months ended June 30, 2022, the Company recognized a one-time $20.5 million gain on sale related to the sale of the Hilton Garden Inn San Francisco Airport North hotel which resulted in $3.5 million of incremental tax expense recorded during the second quarter. Adjusted for the one-time gain and related income tax expense, adjusted FFO was $56.2 million, or $0.47 per diluted share.
- Capital Improvements: The Company invested $25.3 million in capital improvements during the six months of 2022 and $20.9 million on a pro rata basis.
The Company today announced that its Board of Directors has reinstated and declared a quarterly cash dividend of $0.04 per share on its common stock and per common unit of limited partnership interest in Summit Hotel OP, LP.
In addition, the Board of Directors declared a quarterly cash dividend of:
- $0.390625 per share on its 6.25% Series E Cumulative Redeemable Preferred Stock
- $0.3671875 per share on its 5.875% Series F Cumulative Redeemable Preferred Stock.
- $0.328125 per unit on its 5.25% Series Z Cumulative Perpetual Preferred Units
The common and preferred dividends are payable on August 31, 2022, to holders of record as of August 17, 2022.
In June 2022, the Company completed the acquisition of a 90% interest in the newly constructed, dual-branded 264-guestroom AC Hotel by Marriott & Element Miami Brickell (the "Brickell Hotels"). The equity purchase option price was based on a gross hotel valuation of $89.0 million, or $337,000 per key, and the Company funded its $38 million equity requirement with the conversion of the previously funded $30 million mezzanine construction loan, which earned 9% cash interest during the loan term, and $8 million in cash. The transaction included the assumption of a $47 million mortgage loan that has a variable interest rate of 30-day LIBOR + 300 basis points and maturity date of February 15, 2025. Upon closing, a $10 million letter of credit that supported the equity purchase option was released, and the Company will continue to retain the option to acquire the remaining 10% equity interest of the Brickell Hotels in December 2026. The Brickell Hotels have performed exceptionally well during their first six months of operations with occupancy of more than 75%, RevPAR of nearly $170 and hotel EBITDA of $4.4 million year-to-date. The Brickell Hotels are estimated to generate an 8.0-9.0% hotel EBITDA yield for the full year 2022.
In May 2022, the Company completed the previously announced disposition of the 169-guestroom Hilton Garden Inn San Francisco Airport North for a gross sales price of $75.0 million, or $444,000 per key, through its joint venture with GIC. The transaction represented a 1% capitalization rate based on the hotel's net operating income after a 4% FF&E reserve for the twelve months ended March 31, 2022. The joint venture will also forego a comprehensive renovation that was scheduled for late 2022 estimated to be $7.1 million, or $42,000 per key, as a result of the sale. The joint venture acquired the hotel in October 2019 for $58.0 million, or $343,000 per key, and the transaction resulted in a $20.5 million net gain on sale. The Company applied its $38 million share of net proceeds from the transaction, along with existing cash, to repay its only remaining 2022 debt maturity for $62 million.
On June 30, 2022, inclusive of its pro rata share of the Joint Venture credit facility, the Company had the following:
- Outstanding debt of $1.2 billion with a weighted average interest rate of 3.83 percent. After giving effect to interest rate derivative agreements, $837.7 million, or 68 percent, of our outstanding debt had fixed interest rates, and $386.2 million, or 32 percent, had variable interest rates.
- Unrestricted cash and cash equivalents of $86.6 million.
- Revolving credit facility availability of $350.0 million, plus an additional $50.0 million available to borrow subject to certain requirements. The Company had no borrowings outstanding on its revolving credit facility.
- Total liquidity of $486.6 million, including unrestricted cash and cash equivalents and revolving credit facility availability.
Subsequent to quarter end, the Company amended the credit agreements for its $400 million senior revolving credit facility and two senior term loans totaling $425 million to extend the available loan term and enhance overall flexibility. The amendments on the $600 million senior credit facility included additional extension options that allow the Company to extend the maturity date to March 2025 for the $400 million revolving credit facility and to April 2025 for the $200 million term loan facility. All of the Company's corporate-level debt now matures in 2025 or later after consideration of available extension options. Additionally, the Company has retained complete capital allocation flexibility regarding future potential acquisitions, dispositions, capital expenditures, and dividends. The credit spreads for the credit facilities remain unchanged. For additional detail regarding the amendments, please refer the Company's Form 8-K filed on July 27, 2022.
On July 22, 2022, inclusive of the recent transaction activity and its pro rata share of the Joint Venture credit facility, the Company had the following:
- Outstanding debt of $1.2 billion with a weighted average interest rate of 4.01 percent. After giving effect to interest rate derivative agreements, $837.3 million, or 68 percent, of our outstanding debt had fixed interest rates, and $386.2 million, or 32 percent, had variable interest rates.
- Unrestricted cash and cash equivalents of $80.6 million.
- Revolving credit facility availability of $400.0 million.
- Total liquidity of $480.6 million, including unrestricted cash and cash equivalents and revolving credit facility availability.
The Company's balance sheet continues to be well-positioned with sufficient liquidity to retire all pro rata debt maturities through 2024.
On July 26, 2022, the Company entered into two, $100 million interest rate swaps that will fix 1-month term SOFR for an average of 5.0 years. The swaps will become effective on January 31, 2023, after $200 million of the Company's existing interest rate swaps expire. The new SOFR-based interest rate swaps have fixed rates of 2.60% and 2.5625% that correspond with expiration dates of January 31, 2027, and January 31, 2029, respectively. The new swap transactions will result in the Company maintaining an estimated 70 percent of pro rata outstanding debt with fixed rates after consideration of all outstanding interest rate derivative agreements which have a weighted average fixed SOFR rate of 2.74%.
Given the continued uncertainty and volatility of the operating environment, the Company is not providing operational or earnings guidance at this time. However, the Company is providing its expectations for certain non-operational items based on 102 hotels owned as of June 30, 2022.
The Company will conduct its quarterly conference call on Wednesday, August 3, 2022, at 9:00 AM ET.
- To access the conference call, please pre-register using this link. Registrants will receive a confirmation with dial-in details.
- A live webcast of the conference call can be accessed using this link. A replay of the webcast will be available in the Investors section of the Company's website, www.shpreit.com, until October 31, 2022.
Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of August 2, 2022, the Company's portfolio consisted of 102 hotels, 61 of which are wholly owned, with a total of 15,323 guestrooms located in 24 states.
For additional information, please visit the Company's website, www.shpreit.com, and follow the Company on Twitter at @SummitHotel_INN. Investors and others should note that the Company routinely announces material information to investors and the marketplace using U.S. Securities and Exchange Commission filings, press releases, public conference calls, webcasts, and the Investors section of the Company's website. The Company uses these channels as well as social media channels (e.g., the Company's Twitter account @SummitHotel_INN) as a means of disclosing information about the Company's business to our colleagues, investors, and the public. While not all the information that the Company posts to the Company's website or on the Company's social media channels is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media, and others interested in the Company to review the information that it shares on https://investor.shpreit.com/corporate-profile.
This press release contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "seek," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," "forecast," "continue," "plan," "likely," "would" or other similar words or expressions. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections, or other forward-looking information. Examples of forward-looking statements include the following: the Company's ability to realize growth from the allocation of capital; projections of the Company's cash corporate G&A, interest expense, capital expenditures or other financial items; descriptions of the Company's plans or objectives for future operations, acquisitions, dispositions, and financings; and descriptions of assumptions underlying or relating to any of the foregoing expectations regarding the timing of their occurrence. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company's control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry, and other factors as are described in greater detail in the Company's filings with the Securities and Exchange Commission ("SEC"). Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.
For information about the Company's business and financial results, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of the Company's Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC, and its quarterly and other periodic filings with the SEC. The Company undertakes no duty to update the statements in this release to conform the statements to actual results or changes in the Company's expectations.
We disclose certain "non-GAAP financial measures," which are measures of our historical financial performance. Non-GAAP financial measures are financial measures not prescribed by Generally Accepted Accounting Principles ("GAAP"). These measures are as follows: (i) Funds From Operations ("FFO") and Adjusted Funds from Operations ("AFFO"), (ii) Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA"), Earnings before Interest, Taxes, Depreciation and Amortization for Real Estate ("EBITDAre"), Adjusted EBITDAre, and hotel EBITDA (as described below). We caution investors that amounts presented in accordance with our definitions of non-GAAP financial measures may not be comparable to similar measures disclosed by other companies, since not all companies calculate these non-GAAP financial measures in the same manner. Our non-GAAP financial measures should be considered along with, but not as alternatives to, net income (loss) as a measure of our operating performance. Our non-GAAP financial measures may include funds that may not be available for our discretionary use due to functional requirements to conserve funds for capital expenditures, property acquisitions, debt service obligations and other commitments and uncertainties. Although we believe that our non-GAAP financial measures can enhance the understanding of our financial condition and results of operations, these non-GAAP financial measures are not necessarily better indicators of any trend as compared to a comparable measure prescribed by GAAP such as net income (loss).
As defined by Nareit, FFO represents net income or loss (computed in accordance with GAAP), excluding preferred dividends, gains (or losses) from sales of real property, impairment losses on real estate assets, items classified by GAAP as extraordinary, the cumulative effect of changes in accounting principles, plus depreciation and amortization related to real estate assets, and adjustments for unconsolidated partnerships, and joint ventures. AFFO represents FFO excluding amortization of deferred financing costs, franchise fees, equity-based compensation expense, debt transaction costs, premiums on redemption of preferred shares, losses from net casualties, non-cash lease expense, non-cash interest income and non-cash income tax related adjustments to our deferred tax assets. Unless otherwise indicated, we present FFO and AFFO applicable to our common shares and common units. We present FFO and AFFO because we consider FFO and AFFO an important supplemental measure of our operational performance and believe it is frequently used by securities analysts, investors, and other interested parties in the evaluation of REITs, many of which present FFO and AFFO when reporting their results. FFO and AFFO are intended to exclude GAAP historical cost depreciation and amortization, which assumes that the value of real estate assets diminishes ratably over time. Historically, however, real estate values have risen or fallen with market conditions. Because FFO and AFFO exclude depreciation and amortization related to real estate assets, gains and losses from real property dispositions and impairment losses on real estate assets, FFO and AFFO provide performance measures that, when compared year over year, reflect the effect to operations from trends in occupancy, guestroom rates, operating costs, development activities and interest costs, providing perspective not immediately apparent from net income. Our computation of FFO differs slightly from the computation of Nareit-defined FFO related to the reporting of corporate depreciation and amortization expense. Our computation of FFO may also differ from the methodology for calculating FFO used by other equity REITs and, accordingly, may not be comparable to such other REITs. FFO and AFFO should not be considered as an alternative to net income (loss) (computed in accordance with GAAP) as an indicator of our liquidity, nor is it indicative of funds available to fund our cash needs, including our ability to pay dividends or make distributions. Where indicated in this release, FFO is based on our computation of FFO and not the computation of Nareit-defined FFO unless otherwise noted.
EBITDA
EBITDA represents net income or loss, excluding: (i) interest, (ii) income tax expense and (iii) depreciation and amortization. We believe EBITDA is useful to an investor in evaluating our operating performance because it provides investors with an indication of our ability to incur and service debt, to satisfy general operating expenses, to make capital expenditures and to fund other cash needs or reinvest cash into our business. We also believe it helps investors meaningfully evaluate and compare the results of our operations from period to period by removing the effect of our asset base (primarily depreciation and amortization) from our operating results. Our management team also uses EBITDA as one measure in determining the value of acquisitions and dispositions.
EBITDAre and Adjusted EBITDAre
EBITDAre is based on EBITDA and is expected to provide additional relevant information about REITs as real estate companies in support of growing interest among generalist investors. EBITDAre is intended to be a supplemental non-GAAP performance measure that is independent of a company's capital structure and will provide a uniform basis to measure the enterprise value of a company compared to other REITs.
EBITDAre, as defined by Nareit, is calculated as EBITDA, excluding: (i) loss and gains on disposition of property and (ii) asset impairments, if any. We believe EBITDAre is useful to an investor in evaluating our operating performance because it provides investors with an indication of our ability to incur and service debt, to satisfy general operating expenses, to make capital expenditures and to fund other cash needs or reinvest cash into our business. We also believe it helps investors meaningfully evaluate and compare the results of our operations from period to period by removing the effect of our asset base (primarily depreciation and amortization) from our operating results.
We make additional adjustments to EBITDAre when evaluating our performance because we believe that the exclusion of certain additional non-recurring or certain non-cash items described below provides useful supplemental information to investors regarding our ongoing operating performance. We believe that the presentation of Adjusted EBITDAre, when combined with the primary GAAP presentation of net income, is useful to an investor in evaluating our operating performance because it provides investors with an indication of our ability to incur and service debt, to satisfy general operating expenses, to make capital expenditures and to fund other cash needs or reinvest cash into our business. We also believe it helps investors meaningfully evaluate and compare the results of our operations from period to period by removing the effect of our asset base (primarily depreciation and amortization) from our operating results.
Hotel EBITDA
With respect to hotel EBITDA, we believe that excluding the effect of corporate-level expenses and non-cash items provides a more complete understanding of the operating results over which individual hotels and operators have direct control. We believe the property-level results provide investors with supplemental information on the ongoing operational performance of our hotels and effectiveness of the third-party management companies operating our business on a property-level basis.
We caution investors that amounts presented in accordance with our definitions of EBITDA, EBITDAre, adjusted EBITDAre, and hotel EBITDA may not be comparable to similar measures disclosed by other companies, since not all companies calculate these non-GAAP measures in the same manner. EBITDA, EBITDAre, adjusted EBITDAre, and hotel EBITDA should not be considered as an alternative measure of our net income (loss) or operating performance. EBITDA, EBITDAre, adjusted EBITDAre, and hotel EBITDA may include funds that may not be available for our discretionary use due to functional requirements to conserve funds for capital expenditures and property acquisitions and other commitments and uncertainties. Although we believe that EBITDA, EBITDAre, adjusted EBITDAre, and hotel EBITDA can enhance your understanding of our financial condition and results of operations, these non-GAAP financial measures are not necessarily a better indicator of any trend as compared to a comparable GAAP measure such as net income (loss). Above, we include a quantitative reconciliation of EBITDA, EBITDAre, adjusted EBITDAre and hotel EBITDA to the most directly comparable GAAP financial performance measure, which is net income (loss) and operating income (loss).
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SOURCE Summit Hotel Properties, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/02/summit-hotel-properties-reports-second-quarter-2022-results/ | 2022-08-02T22:03:59Z |
American Lung Association announces Courtney Cox Cole Endowed Lung Cancer Research Fund
INDIANAPOLIS, May 5, 2022 /PRNewswire/ -- Courtney Cole was an athlete, mother and a well-known business leader in Indianapolis. She also lived with lung cancer until her passing in 2019. To honor her memory and help find a cure for lung cancer, Cole's family partnered with the American Lung Association to create the Courtney Cox Cole Endowed Lung Cancer Research Fund.
Cole earned several athletic accolades and reached national recognition in different sports at the college level. In adulthood she participated in dozens of triathlons and marathons. Professionally, Cole and her sister, Monica Peck, became the sixth-generation owners of Hare Chevrolet. Together, they grew the company into one of the most successful car dealerships in the country.
Then in 2014, Cole was diagnosed with lung cancer. After undergoing biomarker testing, her doctors determined that she had epidermal growth factor receptor (EGFR)-positive lung cancer, which causes cancer cells to grow and divide.
After a lifetime of competition in athletics and business, Cole would say that her toughest rival was lung cancer. Still, through the most challenging years of her life, she kept a normal routine for her two children and the family business until she died in 2019 at age 48.
"My biggest lesson is that life is truly a gift," wrote Cole in a letter after she found out her cancer had returned. "I have quickly learned that every day is a gift, and it is up to us to make the absolute most of it."
"Courtney made it her mission to raise awareness for lung cancer and help raise money for increased lung cancer research funding so that no one else suffers from the disease," said Peck.
Cole's family hopes to raise $1 million for the Courtney Cox Cole Endowed Lung Cancer Research Fund to support research to prevent resistance to the treatment of EGFR and help save lives. To date, $753,000 has already been raised for this fund.
"Her strength, positivity and perseverance through her battle with lung cancer inspired so many people throughout Indianapolis and across the state," said Cayla Cole, Cole's daughter. "We hope my mom's story will help us continue her efforts in making every day count and help us save lives through research. Through this fund, her great legacy will continue."
For more information about the Courtney Cole Research Fund and to donate, click here.
About the American Lung Association
The American Lung Association is the leading organization working to save lives by improving lung health and preventing lung disease through education, advocacy and research. The work of the American Lung Association is focused on four strategic imperatives: to defeat lung cancer; to champion clean air for all; to improve the quality of life for those with lung disease and their families; and to create a tobacco-free future. For more information about the American Lung Association, which has a 4-star rating from Charity Navigator and is a Gold-Level GuideStar Member, or to support the work it does, call 1-800-LUNGUSA (1-800-586-4872) or visit: Lung.org.
CONTACT:
Jill Dale
American Lung Association
P: 312-940-7001
E: Jill.Dale@Lung.org
American Lung Association • 55 W. Wacker Drive, Suite 1150 • Chicago, IL 60601
1331 Pennsylvania Ave. NW, Ste. 1425 North • Washington, D.C. 20004
1-800-LUNGUSA (1-800-586-4872) Lung.org
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SOURCE American Lung Association | https://www.wibw.com/prnewswire/2022/05/05/family-sets-out-raise-1-million-lung-cancer-research-honor-mother-business-leader/ | 2022-05-05T10:22:33Z |
NEW YORK, June 14, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Digital Turbine, Inc. (NASDAQ: APPS) alleging that the Company violated federal securities laws.
Class Period: August 9, 2021 to May 17, 2022
Lead Plaintiff Deadline: August 5, 2022
No obligation or cost to you.
Learn more about your recoverable losses in APPS:
https://www.kleinstocklaw.com/pslra-1/digital-turbine-inc-loss-submission-form?id=28447&from=4
Digital Turbine, Inc. NEWS - APPS NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Digital Turbine, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company's recent acquisitions, AdColony and Fyber, act as agents in certain of their respective product lines; (2) as a result, revenues for those product lines must be reported net of license fees and revenue share, rather than on a gross basis; (3) the Company's internal control over financial reporting as to revenue recognition was deficient; and (4) as a result of the foregoing, the Company's net revenues was overstated throughout fiscal 2022; 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.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Digital Turbine you have until August 5, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Digital Turbine securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the APPS lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/digital-turbine-inc-loss-submission-form?id=28447&from=4.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.kxii.com/prnewswire/2022/06/14/apps-alert-klein-law-firm-announces-lead-plaintiff-deadline-august-5-2022-class-action-filed-behalf-digital-turbine-inc-shareholders/ | 2022-06-14T11:15:28Z |
Jackson boys lacrosse team toughens up as defense gains experience
JACKSON TWP. – Lacrosse is one of those sports where toughness is baked into the equation.
To win draws, muscle through the defense for good shots and win loose balls, an ability to thrive despite adversity matters. The first full week of April brought just that for the Jackson boys lacrosse team and the Polar Bears ended the week with a 4-2 record to this point in the season.
Seventh-year head coach Bobby Lyle understands that ugly weather and tough opponents are part of the norm this time of year in Northeast Ohio for a program that prides itself on facing top opposition.
"I think at this point just, it’s kind of the status quo and when you're looking to play a spring sport, you get used to it. If anything, it toughens us up a bit," Lyle said. "Our goal and our motto this year is to win the day and where we're at is just trying to get better."
The schedule to this point has brought some heavy hitters on the local lacrosse scene, including Hudson and St. Ignatius. It's also seen Jackson earn resounding wins over Walsh Jesuit, Hoban and Dublin Coffman. Battles with St. Edward, Green, Olentangy Liberty, Hoover and others loom and winning consistently against that slate will mean the continued growth of a roster with a strong returning nucleus and a defense with less experience than its offensive counterpart.
"Offensively, we're clicking and our scoring is pretty well spread out amongst various scorers," Lyle said. "Defensively we’'e young in terms of experience. We've faced two of the top five teams in the state and I think we've learned from those losses."
He credited veterans such as Thomas Chevalier, Gregory Thomas and Ted Hoover as the driving forces behind the Polar Bears' attack. Behind them, a midfield featuring Brock Taylor, Luke Johnson and Jason Davide further solidifies the team's scoring ability and while the defense develops, Jackson can remain confident that it has the scoring power to compete against most any opponent.
To further help a defense that has ability but is working to gain the experience needed to maximize that ability, junior goalkeeper Jack Bryant figures to be a steadying force. The Bellarmine University recruit has shown an ability to make big saves and work well with his defenders. Lyle knows that every goal saved matters in close games.
"Having an inexperienced defense, he's done a good job bailing us out and making some saves you usually don't have to make as a keeper," Lyle said. "He continues to get better and he really holds himself to a high standard."
For both the offense and defense, the mental battle of fighting the cold and precipitation has been a chance to stare down difficulty and find ways to succeed in spite of it. There have been, Lyle admitted, some broken sticks and plenty of cold hands struggling to get a good grip on those stick. But those experiences are laying what the veteran coach hopes is a foundation for success the rest of the way.
Eventually, the temperatures will rise and the challenge will be dealing with the heat of late spring, but by that time, the Polar Bears are aiming to be a battle-tested group ready for whatever the weather and its opponents bring along. | https://www.cantonrep.com/story/sports/2022/04/11/jackson-boys-lacrosse-team-toughens-up-defense-gains-experience/7274196001/ | 2022-04-13T18:22:54Z |
- The Company's S-1 registration statement will be effective at 4:45 PM ET on July 15, 2022.
- All shareholders of record as of the July 29th Record Date will be eligible to participate in the Rights Offering.
- Company releases new investor presentation, "Creatd 2022 Growth Capital Expansion Plan & Rights Offering."
NEW YORK, July 15, 2022 /PRNewswire/ -- Creatd, Inc. (Nasdaq CM: CRTD) ("Creatd" or the "Company"), a creator-first holding company and the parent company of Vocal, today announced that the Securities and Exchange Commission ("SEC") has declared the Company's registration statement on Form S-1 (File No. 333-265251) effective as of 4:45 PM ET on July 15, 2022).
In connection with its upcoming Rights Offering, the Company has unveiled an updated investor presentation, which can be accessed at the following link: https://creatd.com/presentation.
The Company has confirmed the following updated calendar of dates in connection with the Rights Offering:
Commented Creatd's Founder and Executive Chairman, Jeremy Frommer, "With this approval, we are now closing in on our most important financial offering as a company since our Uplisting in September of 2020. As I have previously said, Creatd's expansion has reached its moment of inflection. The $40 Million Rights Offering will allow Creatd's current and future shareholders to purchase units consisting of common stock and warrants. If the rights offering is fully subscribed, and $40MM is raised, the offering could drive between a 10x – 20x increase in revenues over the next 12 to 18 months and accelerate our path to EBITDA breakeven. On top of that, if all warrants underlying the units are exercised, the Company would receive an additional $180MM."
The registration statement relates to the issuance of two subscription rights for each share of common stock or share which may be acquired via conversion or exercise of preferred stock, warrants, or options. Each subscription right would entitle the holder to purchase one Unit at a subscription price of $2.00 per Unit. Each Unit would consist of: (i) one share of common stock, (ii) one publicly tradable 5-year warrant exercisable for $3 per share, and (iii) one publicly tradable 5-year warrant exercisable for $6 per share. The Company wishes to clarify that both warrants will be publicly tradable.
The proposed Rights Offering will include an over-subscription privilege, which will entitle each rights holder that exercises in full their basic subscription privilege the right to purchase additional Units that remain unsubscribed. The availability of basic subscription and over-subscription privilege will be subject to certain terms and conditions, including pro-rata adjustments (if any), to be set forth in the offering documents.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities, in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Past performance is not indicative of future results.
About Creatd
Creatd, Inc. (Nasdaq CM: CRTD) is a company with a mission to provide economic opportunities to creators and brands by multiplying the impact of platforms, people, and technology. The Company has four main business segments, or 'pillars': Creatd Labs, Creatd Partners, Creatd Ventures, and Creatd Studios. Each pillar is characterized by a distinct revenue model, while operating on a shared-services structure and proprietary data collected from our multiple technology platforms. Creatd's pillars work together to create a flywheel effect, supporting our core vision of creating a viable and safe ecosystem for all stakeholders in the creator economy.
Creatd: https://creatd.com;
Creatd IR: https://investors.creatd.com;
Vocal Platform: https://vocal.media;
Investor Relations Contact: ir@creatd.com
Forward-Looking Statements
Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings.
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SOURCE Creatd, Inc. | https://www.wibw.com/prnewswire/2022/07/15/creatd-is-pleased-announce-approval-effectiveness-its-form-s-1-registration-statement/ | 2022-07-15T16:36:41Z |
- Wishpond expects to achieve record revenue in the second quarter ended June 30, 2022, with annualized revenue run-rate now exceeding $20 million.
- The Company's recent cost saving initiatives and operational efficiencies will result in more than $1.0 million in annual cost savings.
- Wishpond is the recipient of three awards from Gartner recognizing the Company's innovative and easy-to-use marketing technology software products.
VANCOUVER, BC, July 20, 2022 /PRNewswire/ - Wishpond Technologies Ltd. (TSXV: WISH) (OTCQX: WPNDF) (the "Company" or "Wishpond"), a provider of marketing-focused online business solutions, is pleased to provide a business update for the second quarter of 2022.
Wishpond is expecting Q2-2022 to be the strongest quarter in the Company's history, with revenues exceeding the previous record of $4.7 million achieved in Q4-2021. The Company's growth has not been hindered to date by macroeconomic challenges such as high inflation, increasing interest rates and significant supply chain disruptions affecting other industries around the globe. Wishpond has a diversified customer base of small-medium sized businesses. The demand for the Company's products and services remains robust with organic growth over the past year largely driven by investments in Wishpond's sales and marketing teams.
Wishpond posted higher monthly recurring revenue ("MRR") in each of April, May and June compared to each month in the first quarter of 2022 and the Company continues to experience similar growth thus far in July. Based on last month's revenue in June, Wishpond's annualized revenue run-rate ("ARR") now exceeds $20 million for the first time in the Company's history.
Ali Tajskandar, Wishpond's Chairman and CEO commented, "We are thrilled with our preliminary results for the second quarter of 2022. Our sales pipeline remains robust and our revenue growth shows tremendous resilience despite the uncertain economic environment. The success we are achieving indicates that our products and services are valuable tools for our customers which they need to generate leads and sales, especially when operating in an uncertain business environment. Furthermore, I am happy to note that Wishpond expects to be cash flow positive in the second half of the year as a result of the growth we have experienced as well as the cost saving initiatives that we have implemented."
In addition to the revenue growth, the Company renewed its focus on integrating its acquisitions during the second quarter and implemented a number of cost-saving initiatives and operational efficiencies designed to conserve cash. As a result, the Company expects to realize more than $1.0 million in cost savings over the course of the next twelve months.
"The management team spent a considerable amount of time on operational and efficiency reviews during the quarter and we are very happy with the results of these efforts." said David Pais, Wishpond's CFO. "The Company is committed to a laser focus on realizing cost efficiencies while it keeps one foot on the pedal of its sales generation engine. Our financial success is predicated on doing more with less – we expect to maintain our sales growth even while we run the business cost effectively. We believe that these two objectives are not mutually exclusive."
Wishpond remains on track to implement several planned product and feature enhancements. As part of these enhancements, it recently announced a new market leading website builder product. It also previously announced improvements to its native advertising platform and its new email marketing platform.
Wishpond is also excited to announce three new awards from Gartner, one of the world's most significant platforms for business software reviews and research. Once again, Wishpond has been recognized by Gartner as a leading marketing software solution across various categories.
Wishpond has won the GetApp Category Leaders Award for content marketing - a major achievement. This means Wishpond is one of the most popular and highest-rated content marketing platforms available. Wishpond has also won the Software Advice Front Runners award, and was included in the Capterra shortlist for 2022.
These badges show that Wishpond is a powerful and well-trusted software solution for small businesses. Gartner is a premier company with an excellent reputation for picking winners, and Wishpond's recognition and success on this platform reveals just how much value the software provides its clients.
Wishpond will be having a webinar to provide an update on the business on Thursday, July 21, 2022 at 11:00 am PT (2:00 pm ET). The call will be hosted by: Ali Tajskandar, Chief Executive Officer and David Pais, CFO.
On Behalf of the Board of Directors
Per: "Ali Tajskandar"
Ali Tajskandar
Chairman and Chief Executive Officer
Based out of Vancouver, British Columbia, Wishpond is a provider of marketing-focused online business solutions. Wishpond's vision is to become the leading provider of digital marketing solutions that empower entrepreneurs to achieve success online. The Company offers an "all-in-one" marketing suite that provides companies with marketing, promotion, lead generation, and sales conversion capabilities on one integrated platform. Wishpond replaces disparate marketing solutions with an easy-to-use product, for a fraction of the cost. Wishpond serves over 3,700 customers who are primarily small and medium-sized businesses (SMBs) in a wide variety of industries. The Company has developed cutting-edge marketing technology solutions and continues to add new features and applications with great velocity. The Company employs a Software-as-a-Service (SaaS) business model where substantially all the Company's revenue is subscription-based recurring revenue which provides excellent revenue predictability and cash flow visibility. Wishpond is listed on the TSX Venture Exchange under the ticker "WISH", and on the OTCQX Best Market under the ticker "WPNDF". For further information, visit: www.wishpond.com.
In this press release, Wishpond has used the following terms ("Non-GAAP Financial Measures") that are not defined by International Financial Reporting Standards ("IFRS"), but are used by management to evaluate the performance of Wishpond and its business: Annualized Revenue Run-Rate ("ARR") and Monthly recurring revenue ("MRR"). These measures may also be used by investors, financial institutions and credit rating agencies to assess Wishpond's performance and ability to service debt. Non-GAAP Financial Measures do not have standardized meanings prescribed by GAAP and are therefore unlikely to be comparable to similar measures presented by other companies. Securities regulations require that Non-GAAP Financial Measures are clearly defined, qualified, and reconciled to their most comparable GAAP financial measures. Except as otherwise indicated, these Non-GAAP Financial Measures are calculated and disclosed on a consistent basis from period to period. Specific items may only be relevant in certain periods. The intent of Non-GAAP Financial Measures is to provide additional useful information to investors and analysts, and the measures do not have any standardized meaning under IFRS. The measures should not, therefore, be considered in isolation or used as a substitute for measures of performance prepared in accordance with IFRS. Other issuers may calculate Non-GAAP Financial Measures differently. Non-GAAP Financial Measures are identified and defined by Wishpond as follows:
- Annualized revenue run-rate: Annualized revenue run rate considers revenue over a number of specified recent months during the year and projects them over a 12-month period to estimate the annual revenues of the company based on recent performance.
- Monthly recurring revenue: Normalized measure of predictable monthly revenue.
Statements that are not reported financial results or other historical information are forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). This press release includes forward-looking statements regarding the Company, its subsidiaries and the industries in which they operate, including statements about, among other things, all information with respect to the financial and operational results of the Company, current and future MRR and ARR achieved by the Company, the expected efficiencies, synergies and cost savings to be realized by the Company, as well as future plans and expected results for the operations of the Company, expectations, beliefs, plans, future operations, origination of additional targets in which the Company may hold an interest and acquisition opportunities for the Company, business and acquisition strategies, opportunities, objectives, prospects, assumptions, including those related to trends and prospects, and future events and performance. Sentences and phrases containing or modified by words such as "expect", "anticipate", "plan", "continue", "estimate", "intend", "expect", "may", "will", "project", "predict", "potential", "targets", "projects", "is designed to", "strategy", "should", "believe", "contemplate" and similar expressions, and the negative of such expressions, are not historical facts and are intended to identify forward-looking statements. Readers are cautioned to not place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by forward-looking statements. Although the Company believes that the expectations reflected in forward-looking statements in this press release are reasonable and are based on, among other things, the expectations and analysis of current market trends and opportunities of management of the Company and preliminary financial results of the Company, such forward-looking statements has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including, but not limited to, economic uncertainty and instability as a result of ongoing refinement and review of the financial statements and operations of the Company, revisions to the financial calculations and results of the Company, changes in the operations of the Company, the ongoing COVID-19 pandemic, Russia-Ukraine war, interest rate hikes instituted by various countries central banks, instability in global commodity and securities markets, shifts in consumer and institutional spending and marketing strategies, the changing global market and competition for the products and services supplied by the Company, and the additional risk factors discussed in the continuous disclosure materials of the Company which are available under the Company's profile on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the 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 Wishpond Technologies Ltd. | https://www.kxii.com/prnewswire/2022/07/20/wishpond-provides-business-update-with-record-revenue-expected-q2-2022/ | 2022-07-20T12:38:38Z |
LAVAL, QC, Sept. 14, 2022 /PRNewswire/ -- Bausch Health Companies Inc. (NYSE/TSX: BHC) (the "Company") announced today the results to date of its previously announced offers (the "Exchange Offers") to exchange the existing senior notes set forth in the table below (the "Existing Senior Notes") for up to an aggregate principal amount of $4.0 billion (subject to increase or decrease by the Offerors (as defined below), the "Maximum New Secured Notes Amount") of New Secured Notes (as defined below) and the related solicitations of consents (the "Consent Solicitations" and, together with the Exchange Offers, the "Offers") to amend certain provisions of the indentures (the "Proposed Amendments") with respect to the respective applicable series of Existing Senior Notes. The terms and conditions of the offers and consent solicitations are described in an Exchange Offer Memorandum and Consent Solicitation Statement, dated August 30, 2022 (the "Exchange Offer Memorandum"). All terms and conditions of the Offers remain unchanged as set forth in the Exchange Offer Memorandum.
As reported by D.F. King & Co., Inc., the exchange agent and information agent for the Offers, as of 5:00 p.m., New York City time, on Sept. 13, 2022 (the "Early Tender Time"), an aggregate principal amount of $5,577,725,000 of Existing Senior Notes had been validly tendered (and not validly withdrawn) in the Offers, as set forth in the table below.
Based on the aggregate principal amount of the Existing Senior Notes validly tendered (and not validly withdrawn) in the Offers as of the Early Tender Time and subject to the terms and conditions set forth in the Exchange Offer Memorandum, including the applicable Acceptance Priority Level, the Level 3 Tender Cap, the Exchange Consideration Reallocation (each, as defined in the Exchange Offer Memorandum) and proration, we would expect approximately $3,119 million of New Secured Notes to be issued in the Offers, consisting of approximately (i) $1,768 million in aggregate principal amount of new 11.00% First Lien Secured Notes due 2028 (the "New First Lien Notes"), (ii) $351 million in aggregate principal amount of new 14.00% Second Lien Secured Notes due 2030 (the "New Second Lien Notes" and, together with the New First Lien Notes, the "New BHC Secured Notes"), in each case, to be issued by the Company, and (iii) $1,000 million in aggregate principal amount of new 9.00% Senior Secured Notes due 2028 (the "Intermediate Holdco Secured Notes" and, together with the New BHC Secured Notes, the "New Secured Notes") to be issued by 1375209 B.C. Ltd. (the "Holdco Issuer" and, together with the Company, the "Offerors"), an existing wholly-owned unrestricted subsidiary of the Company that holds 38.6% of the issued and outstanding common shares of Bausch + Lomb Corporation. However, such principal amounts may be adjusted as a result of any additional participation from Eligible Holders tendering Existing Senior Notes in the Offers after the Early Tender Time and at or prior to the Expiration Time.
All Existing Senior Notes of a series validly tendered at or before the Expiration Time having a higher Acceptance Priority Level will be accepted before any Existing Senior Notes of another series tendered at or before the Expiration Time having a lower Acceptance Priority Level are accepted, even if the Existing Senior Notes having a lower Acceptance Priority Level were tendered prior to the Early Tender Time and the Existing Senior Notes having a higher Acceptance Priority Level were tendered after the Early Tender Time but on or prior to the Expiration Time. Accordingly, Existing Senior Notes validly tendered at or before the applicable Early Tender Time may be subject to proration if the Offerors accept Existing Senior Notes tendered after the applicable Early Tender Time but on or prior to the Expiration Time that have a higher Acceptance Priority Level than such Existing Senior Notes.
In addition, as of the Early Tender Time, the Company and BHA have received the requisite number of consents to adopt the Proposed Amendments with respect to the following series of Existing Senior Notes: (i) 9.25% Senior Notes due 2026, (ii) 8.50% Senior Notes due 2027, (iii) 5.00% Senior Notes due 2028 and (iv) 7.00% Senior Notes due 2028. Pursuant to the terms set forth in the Exchange Offer Memorandum, the Company or BHA, as the case may be, intends to enter into a supplemental indenture with the respective trustee for each such series of Existing Senior Notes to effectuate the applicable Proposed Amendments, which would become operative upon the settlement date of the Offers; provided that, as described in the Exchange Offer Memorandum, if any series of Existing Senior Notes are subject to proration, the Consent Solicitation with respect to such series shall be terminated, the supplemental indenture shall not become operative with respect to such series and the terms of the existing indenture governing such series shall continue to apply.
Withdrawal rights for the Offers expired as of 5:00 p.m., New York City time, on September 13, 2022 (the "Withdrawal Deadline"). Because the Withdrawal Deadline is not being extended, holders may not withdraw previously tendered Existing Senior Notes or revoke any related consents, and any tenders and consents after the Early Tender Time may not be withdrawn or revoked, in each case, except as may be required by law.
Each Offer will expire at 11:59 p.m., New York City time on September 27, 2022, or any other date and time to which the Offerors extend such Offer in their sole discretion (such date and time for such Offer, as it may be extended, the "Expiration Time"), unless earlier terminated. Subject to the terms of the Offers, including the Maximum New Secured Notes Amount and the proration, Existing Senior Notes validly tendered after the Early Tender Time but on or prior to the Expiration Time and accepted for purchase will be entitled to receive the applicable Exchange Consideration set forth in the Exchange Offer Memorandum (but not the applicable Early Exchange Premium described therein) plus accrued and unpaid interest to the settlement date. Subject to all conditions of the Offers having been either satisfied or waived by the Offerors, the settlement date is expected to be within three business days following the Expiration Time or as promptly as practicable thereafter.
Each Offer is a separate offer and/or solicitation, and each may be individually amended, extended, terminated or withdrawn, subject to certain conditions and applicable law, at any time in the Offerors' sole discretion, subject to the consent rights of the Supporting Holders (as defined in the Exchange Offer Memorandum), and without amending, extending, terminating or withdrawing any other Offer. No Offer is conditioned upon any minimum principal amount of Existing Senior Notes of any series being tendered nor the consummation of any other Offer. Additionally, notwithstanding any other provision of the Offers, the Offerors' obligations to accept and exchange any of the Existing Senior Notes validly tendered pursuant to an Offer is subject to the satisfaction or waiver of certain conditions, as described in the Exchange Offer Memorandum, and each Offeror expressly reserves its right, subject to applicable law, to terminate any Offer and/or Consent Solicitation at any time.
The Offers are being made, and the applicable series of New Secured Notes are being offered, only to holders of the Existing Senior Notes who are either (a) persons other than "U.S. persons" as defined in Regulation S, and who agree to purchase the New Secured Notes outside of the United States, and who are otherwise in compliance with the requirements of Regulation S; or (b) persons who are reasonably believed to be both (i) "qualified institutional buyers" as defined in Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act") and to whom the New Secured Notes are offered in the United States in a transaction not involving a public offering, pursuant to Section 4(a)(2) of the Securities Act and (ii) qualified purchasers (as defined in Section 2(a)(51) of the U.S. Investment Company Act of 1940, as amended); provided that, in each case, if such holder (i) is a resident in Canada, such holder is required to complete, sign and submit to the exchange agent a Canadian holder form, which may be obtained from the information agent, or (ii) is in the European Economic Area or the United Kingdom, such holder is a "qualified investor" and is not a "retail investor". With respect to holders in the European Economic Area, a "retail investor" means a person who is one (or more) of: (i) a "retail client" as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); or (ii) a "customer" within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a "qualified investor" as defined in Regulation (EU) 2017/1129. The holders of Existing Senior Notes who have certified to the Offerors that they are eligible to participate in the Offers and Consent Solicitations pursuant to at least one of the foregoing conditions are referred to as "Eligible Holders." Eligible Holders may go to www.dfking.com/bhc to confirm their eligibility.
Full details of the terms and conditions of the Offers are described in the Exchange Offer Memorandum. The Offers are only being made pursuant to, and the information in this press release is qualified in its entirety by reference to, the Exchange Offer Memorandum, which is being sent by the Offerors to Eligible Holders of the Existing Senior Notes. Eligible Holders of the Existing Senior Notes are encouraged to read these documents, as they contain important information regarding the Exchange Offers and the Consent Solicitations. This press release is neither an offer to purchase nor a solicitation of an offer to buy any Existing Senior Notes in the Exchange Offers or the Consent Solicitations.
Requests for the Exchange Offer Memorandum and other documents relating to the Offers may be directed to D.F. King & Co., Inc., the exchange agent and information agent for the Offers, at (212) 232-3233 (for banks and brokers only) or (877) 478-5045 (toll-free) (for all others) or bhc@dfking.com.
None of the Company, the Holdco Issuer, any of their respective subsidiaries or affiliates, or any of their respective officers, boards of directors or directors, the dealer manager and solicitation agent, the exchange agent and information agent or any trustee is making any recommendation as to whether Eligible Holders should tender any Existing Senior Notes in response to the Exchange Offers or deliver any consents pursuant to the Consent Solicitations and no one has been authorized by any of them to make such a recommendation. Eligible holders must make their own decision as to whether to tender their Existing Senior Notes and deliver consents, and, if so, the principal amount of Existing Senior Notes as to which action is to be taken.
The Offers are not being made to Eligible Holders of Existing Senior Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the Offers are required to be made by a licensed broker or dealer, the Offers will be deemed to be made on behalf of the Company, the Holdco Issuer and BHA, as applicable, by the dealer manager and solicitation agent, or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
The New Secured Notes have not been and will not be registered under the Securities Act, or any state securities laws and may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The New Secured Notes have not been and will not be qualified for sale to the public by prospectus under applicable Canadian securities laws and, accordingly, any issuance of New Secured Notes in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the New Secured Notes in the United States and shall not constitute an offer, solicitation or sale of the New Secured Notes in any jurisdiction where such offering or sale would be unlawful. There shall not be any sale of the New Secured Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
About Bausch Health Companies Inc.
Bausch Health Companies Inc. (NYSE/TSX: BHC) is a global diversified pharmaceutical company whose mission is to improve people's lives with our health care products. We develop, manufacture and market a range of products primarily in gastroenterology, hepatology, neurology, dermatology, international pharmaceuticals and eye health, through our approximately 88.7% ownership of Bausch + Lomb. With our leading durable brands, we are delivering on our commitments as we build an innovative company dedicated to advancing global health.
Forward-Looking Statements
This news release may contain forward-looking statements about the future performance of the Company, which may generally be identified by the use of the words "anticipates," "hopes," "expects," "intends," "plans," "should," "could," "would," "may," "believes," "subject to" and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Actual results are subject to other risks and uncertainties that relate more broadly to the Company's overall business, including those more fully described in the Company's most recent annual report on Form 10-K and detailed from time to time in the Company's other filings with the U.S. Securities and Exchange Commission and the Canadian securities administrators, which factors are incorporated herein by reference.
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SOURCE Bausch Health Companies Inc. | https://www.wibw.com/prnewswire/2022/09/14/bausch-health-announces-early-exchange-offer-results-exchange-offers-consent-solicitations/ | 2022-09-14T13:24:45Z |
Taking place in Miami, the event will include five of the best basketball influencers battling it out 1v1 for a $10,000 cash prize.
RICHMOND, BC, Sept. 8, 2022 /PRNewswire/ -- The world-leading consumer audio brand Edifier is combining forces with Playmaker – a new age sports media and talent management brand with court culture as its very core – to bring about a brand new basketball event: The Cage.
A fast-paced basketball event that pits the world's most talented one-on-one influencers against each other, The Cage is a unique new King of the Court-style contest that combines all the drama of a concrete court in the neighborhood, with the lights and glamour of Madison Square Garden.
Alongside the event, Edifier will be offering live music from DJ Genesis as well as showcasing some of its latest products including, the D12 Bookshelf Speaker, the MS50A Wi-Fi Speaker and MP230 Bluetooth Speaker.
Additionally, the brand will be giving audiences the chance to win the new Edifier W240TN Earbuds. Perfect for a pre-game workout, the W240TN are kitted out with an industrial-chic, gunmetal finish, Coaxial Dual Dynamic Drivers (Φ6mm+Φ10mm), Active Noise Cancellation, Bluetooth 5.3 and IP55 water resistance and sweat proofing, making them the perfect addition to any sports bag.
Talking about the event, Edifier's Global Marketing Director, Frank He said: "Our products have long been a favourite of athletes and sports people, due to their hard-wearing durability and enduring quality, so we're beyond thrilled to help bring The Cage: a new collaboration that combines our passion for audio together with sport in a way like never before.
"Striving to always bring our customers the most engaging and exciting experiences possible, we feel that The Cage embodies our brand's aim to break the boundaries and rewrite the rules. See you on the court!"
Designed as a fenced-in, playground-style battle for hoops, The Cage will feature five competitors who will sweat it out to win bragging rights and a big $10,000 cash prize on 10th September at The Underline's Urban Gym Flex Court, Miami.
Inspired by the ruthlessly iconic West 4th Street Courts in Greenwich Village, NYC, the game will include two rounds. In the first, all five contestants will participate in a free-for-all match, with the top two advancing to the final stage: an all-out, 1v1 hoop fest which will decide the inaugural Cage champion.
As well as providing a live crowd, all the action will be live streamed by Playmaker over on the Caffeine app with the following influencers battling it out; Canadian hooper Matt Kiatipis; YouTube and Instagram star Alan "White Iverson" Palesano; TikTok sensation Nick Briz; and Miami natives Clint Noel and Tremayne "Coach Russ" Russell.
Other notable attendees will include Miami Heat and University of Kansas legend Mario Chalmers, international slam dunk champion Kenny Dobbs, and Miami Dolphins star Trill Williams.
Basketball at its purest, loudest and fastest, The Cage is an exciting new format that will rely on no screen cuts, no breaks and certainly no passes. Focusing on what makes basketball such a visually engaging and high intensity sport, Edifier and Playmaker will combine forces to bring the most fast-paced action you can see on a court.
For more information on Edifier, visit Edifier.com or follow @edifier_global on Instagram.
About Edifier:
Edifier specializes in the design and manufacture of premium audio solutions that showcase technological innovation and design excellence. Founded in 1996 and headquartered in Beijing, China, Edifier delivers outstanding sound experience through a wide range of audio systems for personal entertainment and professional use. Renowned for its award-winning design philosophy, expertise and innovation in acoustic technology, and superior manufacturing standards, Edifier is one of today's leading innovators of audio electronics.
More information about Edifier is available online at www.edifier.com
About Playmaker:
Playmaker is a sports & gaming media and management company based in South Florida, whose focus centers on expanding the brands of athletes and celebrities. Playmaker has seen a digital reach of over 2.2 billion impressions over the last year through its various social media platforms and exciting digital content. On the management side, Playmaker represents some of the greatest talents in the world of sports and culture, including the NBA's Nate Robinson, part-owner Tracy McGrady; NFL stars such as Xavien Howard and Corey Clement, and social media influencers such as Infamous Kayce, Nikki Blades, and Cassy Athena.
More information about Playmaker is available online at https://playmakerbrand.com
Lesley Li
Edifier International Limited
mj_li@edifier.com
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SOURCE Edifier | https://www.mysuncoast.com/prnewswire/2022/09/08/edifier-teams-up-with-playmaker-new-basketball-event-cage/ | 2022-09-08T16:49:43Z |
WASHINGTON (AP) — A man armed with a machete once broke into Stephen Breyer’s vacation home in the Caribbean and took $1,000. Ruth Bader Ginsburg had her purse snatched on a Washington street. David Souter was assaulted by several men while he was jogging.
Supreme Court justices have not been immune to violent crime. But this past week’s late-night incident at Justice Brett Kavanaugh’s suburban Washington home, where authorities said a man armed with a gun and knife threatened to kill the justice, reflects a heightened level of potential danger not just for members of the nation’s highest court, but all judges.
One proposal pending in Congress would provide additional security measures for the justices, and another would offer more privacy and protection for all federal judges.
Round-the-clock security given to the justices after the leak of the draft opinion in a major abortion case may well have averted a tragedy.
But the situation had much in common with other recent incidents that ended with the shooting death of a former judge in Wisconsin last week and the killing in 2020 of the son of a federal judge at their home in New Jersey. Troubled men, harboring a warped desire for vengeance and equipped with guns, turned their threats into action.
“We’re seeing these threats increase in number and intensity. That’s a sign. That’s a signal,” said U.S. District Judge Esther Salas, whose son was killed nearly two years ago in the attack that also wounded her husband.
Kavanaugh’s would-be attacker is Nicholas John Roske, 26, of Simi Valley, California, authorities said in charging him with the attempted murder of a justice. Clad in black, he arrived by taxi outside Kavanaugh’s Maryland home around 1 a.m. Wednesday.
He spotted two U.S. Marshals who were guarding the house and walked in the other direction, calling 911 to say he was having suicidal thoughts and also planned to kill Kavanaugh, according to court documents. Roske said he found the justice’s address on the internet.
When police searched a backpack and suitcase he was carrying, they said they found a Glock 17 pistol, ammunition, a knife, zip ties, duct tape and other items Roske said he was going to use to break into the house. He said he bought the gun to kill Kavanaugh.
Roske told police he was upset by the leaked draft opinion in the abortion case and by the school shooting in Uvalde, Texas, and believed Kavanaugh would vote to loosen gun control laws, according to documents filed in federal court in Maryland.
Last week, Wisconsin authorities said Douglas Uhde, 56, shot John Roemer, a former county judge, in a targeted attack against a judge who had once sentenced him to prison. Roemer was found zip-tied to a chair. Uhde had shot himself and later died.
In July 2020, lawyer Roy Den Hollander showed up at Judge Salas’ home posing as a FedEx delivery person. Den Hollander fatally shot Salas’ 20-year-old son, Daniel Anderl, and wounded her husband, Mark Anderl. The judge was in another part of the home at the time and was not injured.
Den Hollander, 72, was a men’s rights lawyer with a history of anti-feminist writings. He was found dead of a self-inflicted gunshot wound the day after the ambush, when police said they found a document with information about a dozen female judges from across the country, half of whom are Latina, including Salas.
Authorities believe Den Hollander was also tracking Supreme Court Justice Sonia Sotomayor, Salas said in a televised interview last year, because they found a manila folder with information about Sotomayor when they searched a locker belonging to Den Hollander.
Over the years, Supreme Court justices have called on Congress to provide more money for their security. But at the same time, the justices often shrugged off protection when it was offered. When Justice Antonin Scalia died on a hunting trip in Texas in 2016, for example, he did not have a security detail with him.
In recent years, the court has stepped up security for the justices. The court routinely refuses to discuss protection for the nine justices, but Justice Amy Coney Barrett said earlier this year that she was not prepared for how much more extensive security is now than when she worked for Scalia in the late 1990s.
Sotomayor likes to walk among guests at her public appearances, often joking about the armed officers who are there to protect her. “The guys up here. The big guys with stuff around their waist and things. They’re here to protect you from me,” she said to laughter at an event this year. “They get nervous if you get up unexpectedly. … Please don’t make them nervous.”
House Speaker Nancy Pelosi, D-Calif., said Thursday that the House would take up a bill with bipartisan support that already has passed the Senate that would expand protection to the members of the justices’ immediate families.
Gabe Roth, of the court reform group Fix the Court, said in his view the justices “need Secret Service-level protection, which has only become more obvious this week. I’ve said it for years.”
A separate bill, named in memory of Salas’ son, would provide more privacy and protections for all federal judges, including scrubbing personal information from the internet, to deal with mounting cyberthreats. The U.S. Marshals Service, which protects about 2,700 federal judges and thousands more prosecutors and court officials, said there were 4,511 threats and inappropriate communications in 2021, compared with 926 such incidents in 2015.
The legislation, also widely supported by lawmakers in both parties, has been blocked by Sen. Rand Paul, R-Ky., who wants it to apply to members of Congress as well.
Sen. Bob Menendez, D-N.J., the bill’s author, said the Kavanaugh incident and Roemer’s death in Wisconsin make plain the need for the legislation. “Our bill is the only existing proposal to protect the personal information of judges and their families,” Menendez said in an email.
A similar bill in the House has not even gotten a hearing.
Meanwhile, the internet has made it much easier to find personal information pertaining to judges, and everyone else.
“We talk a lot about what can be done. How about we stop arming the public with information they are using to kill us? How about we do that?” Salas said Friday in an interview with The Associated Press.
But even before the digital age, judges were sometimes the targets of people who harbored grudges about their treatment in the criminal justice system. In a book, retired Texas Judge Susan P. Baker details 42 judges, including three at the federal level, who were murdered or otherwise met suspicious ends in the 20th century.
In the past 17 years, three close relatives of federal judges have been killed in attacks at the judges’ homes, including Salas’ son. In 2005, U.S. District Judge Joan Lefkow returned from work to find her husband and mother shot dead in the basement of her Chicago home. The killer was a homeless electrician who had lost a medical malpractice suit in her courtroom.
U.S. District Judge Roslynn R. Mauskopf, who heads the office responsible for federal courts administration, said the incident at Kavanaugh’s house is just the most recent reminder that “threats against judges are real and they can have and have had dire consequences.” | https://cw33.com/news/nexstar-media-wire/kavanaugh-incident-could-lead-to-more-security-for-judges-these-threats-increase-in-number-and-intensity/ | 2022-06-11T14:53:51Z |
Allot Announces First Quarter 2022 Financial Results
Published: May. 17, 2022 at 4:00 AM CDT|Updated: 1 hour ago
HOD HASHARON, Israel , May 17, 2022 /PRNewswire/ -- Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced its unaudited first quarter 2022 financial results.
First Quarter 2022 Financial Highlights
- First quarter revenues were $31.9 million, up 2% year-over-year;
- Gross margin on a non-GAAP basis was 70%;
- GAAP operating loss was $5.7 million and non-GAAP operating loss was $3 million;
- GAAP net loss was $6.1 million and non-GAAP net loss was $3.5 million.
Financial Outlook
For 2022, management expects:
- Revenues to be between $135-140 million;
- Additional recurring security deals to be executed, providing incremental MAR** of more than $180 million (note amended MAR definition adopting a more conservative approach referring to applicable customer segments only);
- December 2022 total ARR* including SECaaS ARR* and Support & Maintenance ARR* to be between $53-$55 million, representing approximately 15% year-over-year growth versus 2021 at the midpoint;
- December 2022 SECaaS ARR* to be at least $12 million;
- Recurring security revenue to be at least $7 million.
Management Comment
Erez Antebi, President & CEO of Allot, commented: "While our first quarter results met our expectations, during the last few months, we faced headwinds as a result of delays in SECaaS service launches, the war in Europe and negative foreign exchange rates fluctuation. As a result, we have adjusted our forecast for the year to reflect a delay in adoption. Looking at the number of CSPs interested in SECaaS services and the growing need for such a protection, we plan to continue our investments and remain confident in our strategic direction and our long-term success."
Q1 2022 Financial Results Summary
Total revenues for the first quarter of 2022 were $31.9 million, an increase of 2% compared to $31.2 million in the first quarter of 2021.
Gross profit on a GAAP basis for the first quarter of 2022 was $22.1 million (gross margin of 69.3%), a 2% improvement compared with $21.6 million (gross margin of 69.2%) in the first quarter of 2021.
Gross profit on a non-GAAP basis for the first quarter of 2022 was $22.4 million (gross margin of 70.3%), a 3% improvement compared with $21.9 million (gross margin of 70.1%) in the first quarter of 2021.
Net loss on a GAAP basis for the first quarter of 2022 was $6.1 million, or $0.17 per basic share, compared with a net loss of $4.0 million, or $0.11 per basic share, in the first quarter of 2021.
Net loss on a non-GAAP for the first quarter of 2022 was $3.5 million, or $0.10 per basic share compared with a non-GAAP net loss of $2.2 million, or $0.06 per basic share, in the first quarter of 2021.
Cash and investments as of March 31, 2022 totaled $117.1 million, compared to $85.7 million as of December 31, 2021.
Conference Call & Webcast:
The Allot management team will host a conference call to discuss its first quarter 2022 earnings results today, May 17, 2022 at 8:30 am ET, 3:30 pm Israel time. To access the conference call, please dial one of the following numbers:
US: 1-888-642-5032, UK: 0-800-917-5108, Israel: +972-3-918-0609
A live webcast and, following the end of the call, an archive of the conference call, will be accessible on the Allot website at: http://investors.allot.com/index.cfm
About Allot
Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT) is a provider of leading innovative network intelligence and security solutions for service providers and enterprises worldwide, enhancing value to their customers. Our solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more. Allot's multi-service platforms are deployed by over 500 mobile, fixed and cloud service providers and over 1,000 enterprises. Our industry leading network-based security as a service solution is already used by over 20 million subscribers in Europe. Allot. See. Control. Secure.
For more information, visit www.allot.com
Performance Metrics
* Total ARR - Support & Maintenance ARR (measures the current annual run rate of the support & maintenance revenues, which is calculated based on these expected revenues in the fourth quarter and multiplied by 4) and SECaaS ARR (measures the current annual run rate of the SECaaS revenues, which is calculated based on these expected revenues in the current month of December and multiplied by 12).
** MAR (maximum annual revenue potential of concluded transactions) was estimated by Allot upon transaction signature and constitutes an approximation of the theoretical annual revenues Allot would receive if 100% of the applicable customer segments only subscribers, as estimated by Allot, signed up for the service.
GAAP to Non-GAAP Reconciliation:
The difference between GAAP and non-GAAP revenues is related to the acquisitions made by the Company and represents revenues adjusted for the impact of the fair value adjustment to acquired deferred revenue related to purchase accounting. Non-GAAP net income is defined as GAAP net income after including deferred revenues related to the fair value adjustment resulting from purchase accounting and excluding stock-based compensation expenses, amortization of acquisition-related intangible assets, deferred tax asset adjustment and changes in taxes related items.
These non-GAAP measures should be considered in addition to, and not as a substitute for, comparable GAAP measures. The non-GAAP results and a full reconciliation between GAAP and non-GAAP results is provided in the accompanying Table 2. The Company provides these non-GAAP financial measures because it believes they present a better measure of the Company's core business and management uses the non-GAAP measures internally to evaluate the Company's ongoing performance. Accordingly, the Company believes they are useful to investors in enhancing an understanding of the Company's operating performance.
Safe Harbor Statement
This release contains forward-looking statements, which express the current beliefs and expectations of Company management. Such statements involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements set forth in such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to: our ability to compete successfully with other companies offering competing technologies; the loss of one or more significant customers; consolidation of, and strategic alliances by, our competitors, government regulation; the timing of completion of key project milestones which impact the timing of our revenue recognition; lower demand for key value-added services; our ability to keep pace with advances in technology and to add new features and value-added services; managing lengthy sales cycles; operational risks associated with large projects; our dependence on fourth party channel partners for a material portion of our revenues; court approval of the Company's proposed share buy-back program; and other factors discussed under the heading "Risk Factors" in the Company's annual report on Form 20-F filed with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
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The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.kxii.com/prnewswire/2022/05/17/allot-announces-first-quarter-2022-financial-results/ | 2022-05-17T10:13:53Z |
Appian releases new InfoBrief to highlight best practices, use cases, and key business outcomes
MCLEAN, Va., July 19, 2022 /PRNewswire/ -- Appian (Nasdaq: APPN) today reveals that low-code is increasingly chosen as the technology to rapidly improve and optimize business processes through digitization and automation. According to Appian internal data, the market demand for certified low-code practitioners has been growing 75% to 100% in the last few years. With this increasing demand, Appian has expanded its global partner program and introduced new offerings to help partners deliver better business outcomes to support customers' digital transformation strategy.
"Our consulting and delivery capabilities are joined at the hip," said Matthias Leybold, PwC Partner for Cloud Intelligence and Analytics. "We advise on and co-create solutions for customers by bringing together PwC's relevant industry experts, consultants, developer services, and Appian experts. As a result, we provide the breadth and depth needed to succeed with enterprise transformation."
The Appian partner program allows registered users to access an extended range of capabilities and continuous enhancements to the Appian Low-Code Platform. In addition, Appian partners and customers have these benefits:
- Free access to the Appian Community Edition environment
- Opportunities to gain Appian Certifications by role and earn Appian Pro Badges
- Personalized Appian Learning path with in-classroom and online classes for different roles
Reshma Nuggehally, Accenture Managing Director, BPM and LCNC Lead, said, "With a focus on compressed transformation, our ability to support end-to-end transformation with industry and technology expertise, innovation, and vendor management is strategic for scaling customers on the Appian Platform."
"Our relationships with our strategic global partners are deep," said Marc Wilson, Appian Chief Partner Officer. "Appian partners are invested for the long-term, and this means our joint customers get continuous innovation in both the product itself and the ways it can be delivered that best fits their need."
Recently, Appian commissioned IDC to write an IDC InfoBrief, which examines the role of service partners in delivering enterprise-level digital business transformation through low-code automation. The IDC InfoBrief, "How Low-Code Automation and Partner Services Are Accelerating Digital Business Outcomes in Europe," (IDC #EUR148200421, March 2022) is based on in-depth interviews with Accenture and PwC to explore why customers are working with them and Appian to address business challenges and opportunities. The IDC InfoBrief also features case studies on partner-led business transformation outcomes using the Appian Low-Code Platform.
"Low-code simplifies and accelerates app creation, but real transformation at the enterprise level is complex," said John O'Brien at IDC. "Organizations need experienced help connecting all the pieces such as strategy, skills, IT portfolio rationalization, and building the competency centers that will deliver maximum long-term value across the business.
Download the full IDC InfoBrief to see how low-code and Appian partners are helping organizations in Europe transform at digital speed.
Appian is the unified platform for change. We accelerate customers' businesses by discovering, designing, and automating their most important processes. The Appian Low-Code Platform combines the key capabilities needed to get work done faster, Process Mining + Workflow + Automation, in a unified low-code platform. Appian is open, enterprise-grade, and trusted by industry leaders. For more information, visit appian.com.
Follow Appian: Twitter, LinkedIn.
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SOURCE Appian | https://www.mysuncoast.com/prnewswire/2022/07/19/accelerating-digital-business-outcomes-europe-with-low-code-automation-partner-services/ | 2022-07-19T13:30:28Z |
- The funding will further Credo AI's category defining leadership in Responsible AI, accelerate product development and strengthen its tech policy function to support emerging AI standards and regulations globally
- Mastercard and Northrop Grumman lead Credo AI's growing customer roster, as more enterprises commit to delivering responsible AI at scale
- Building a strong go-to-market team will remain a priority to continue Credo AI's leadership and bring transformative impact of Responsible AI to enterprises worldwide.
SAN FRANCISCO, May 17, 2022 /PRNewswire/ -- Credo AI, the company behind the world's first Responsible AI (RAI) Governance Platform, today announced the close of a $12.8 million Series A financing round led by Sands Capital, with follow-on investments from existing investors Decibel and AI Fund.
Enterprises today are struggling to adapt to emerging AI governance regulations, benchmarks and standards for implemented AI systems. Recently featured by IDC as a key Responsible AI governance platform opening new frontiers in the AI revolution, Credo AI assists organizations with operationalizing AI governance to deploy compliant, responsible AI systems faster and with greater confidence through its context-sensitive risk framework.
This latest funding round will enable Credo AI to bring the transformative impact of Responsible AI governance to more enterprises in the world. The funding will be used to accelerate product development, build a strong go-to-market team to continue Credo AI's Responsible AI category leadership, and strengthen the tech policy function to support emerging standards and policies.
"Credo AI is at the forefront of the Responsible AI movement with a leadership team whose primary mission is to help organizations create AI systems with the highest ethical standards," said Scott Frederick, Partner at Sands Capital. "AI has the power to augment essentially every part of our lives but can cause irreparable damage to our society without proper governance. Credo AI helps enterprises on their Responsible AI governance journey by bridging the gap between their technical and business stakeholders to successfully keep AI applications compliant and aligned with industry-specific standards."
Existing solutions like MLOps, open source ML fairness tools and others are often too narrowly focused on the technical aspects of the AI system to address the larger issue at hand: lack of governance and accountability across the entire AI development lifecycle. Credo AI's Responsible AI Platform helps cross-functional teams align on Responsible AI requirements for fairness, performance, transparency, privacy, security and more based on business and regulatory context across industries such as financial services, banking, retail, insurance and defense.
"Mastercard has been an early champion of Responsible AI development and governance and has been committed to the ethical use of data to power a wide range of business results as well as drive financial inclusion across the world," said JoAnn Stonier, EVP and Chief Data Officer, Mastercard. "We are committed to constantly evaluating our efforts in this area and are happy to be partnering with Credo AI's Responsible AI platform to extend our governance model further. These types of partnerships, tools and techniques assist us in furthering our governance process while improving our time to market."
Credo AI was founded in 2020 by Navrina Singh and Eli Chen with the mission to help organizations build AI aligned with human values. Singh was recently appointed as one of 27 leaders on the National Artificial Intelligence Advisory Committee (NAIAC) which will advise President Biden and the National AI Initiative Office on a range of issues related to AI.
"We're laser focused on ushering in industry standards of oversight and accountability for Responsible AI," said Navrina Singh, founder and CEO of Credo AI. "AI should be in service of humanity, and we intend to continue driving the industry towards an equitable future."
As part of our commitment to ensure Responsible AI becomes the global standard, Credo AI is bringing together experts including policymakers, data scientists and business leaders across risk, compliance and audit to be part of the solution. Join their network waitlist here.
About Credo AI
Founded in 2020, Credo AI is a venture-backed company on a mission to empower organizations to deliver Responsible AI (RAI) at scale. Credo AI brings context-driven governance and risk assessment to ensure compliant, fair, transparent and auditable development and use of AI. Credo AI's Intelligent SaaS platform empowers enterprises to measure, monitor and manage AI introduced risks at scale. Credo AI enables organizations to create AI with the highest ethical standards, so that they are able to capture its tremendous benefits while mitigating unintended negative consequences. Credo AI customers include AI first and Global 2000s across Retail, Finance and Banking, Insurance, Defense and High Tech. To learn more about Credo AI, visit: credo.ai.
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SOURCE Credo AI | https://www.kxii.com/prnewswire/2022/05/17/credo-ai-closes-128-million-series-funding-round-led-by-sands-capital/ | 2022-05-17T16:23:15Z |
SHANGHAI, NANJING, China, and SAN JOSE , Calif., June 2, 2022 /PRNewswire/ -- IASO Biotherapeutics ("IASO Bio"), a clinical-stage biopharmaceutical company engaged in discovering, developing, and manufacturing innovative cell therapies and antibody products, and Innovent Biologics, Inc. ("Innovent," HKEX: 01801), today jointly announced that the China National Medical Products Administration (NMPA) has formally accepted the New Drug Application (NDA) for Equecabtagene Autoleucel (IASO Bio R&D code: CT103A, Innovent R&D code: IBI326), a fully human anti-B cell maturation antigen (BCMA) chimeric antigen receptor (CAR) T-cell therapy for the treatment of relapsed and/or refractory multiple myeloma (R/R MM).
Equecabtagene Autoleucel is the first CAR-T therapy in China that is self-developed with proprietary whole-process product development and the first BCMA-targeting CAR T-cell therapy in China with its NDA formally accepted by the NMPA. It is an innovative therapy co-developed by IASO Bio and Innovent. In February 2021, Equecabtagene Autoleucel was granted "Breakthrough Therapy Designation(BTD)" by the NMPA.
The acceptance of NDA is based on data from a single-arm, open-label, multi-center phase 1/2 study being conducted in China. Study results showed that Equecabtagene Autoleucel has excellent safety and efficacy profiles, low immunogenicity given a fully-human scFv, robust expansion and prolonged persistence in vivo. It will potentially offer a breakthrough treatment option for patients with R/R MM. The data from the phase 1/2 clinical study of Equecabtagene Autoleucel was presented in an oral presentation at the 63rd American Society of Hematology (ASH) Annual Meeting (Abstract #547) and the updated data was accepted as an oral presentation at the 27th Annual Congress of the European Hematology Association(EHA)Virtual Meeting (Abstract #S187), held on June 9-12, 2022.
"Multiple Myeloma (MM) is the second-most-common hematologic malignancy. Although the survival in MM patients has been dramatically extended to 7-10 years on average with recent drug development, the disease is still incurable and relapse or refractory after standard therapies is common for most MM patients. The later lines of treatment the patients are receiving, the shorter of survival time for those patients. Usually, the median progression-free survival of MM patients who had received at least third-line of prior therapy is only 3-6 months, and the overall survival time is less than 1 year. In recent years, there have been some encouraging breakthroughs in drugs and therapeutic interventions for the treatment of MM. The most exciting progress is BCMA CAR-T cell immunotherapy." said the two principal investigators at the primary study sites - Prof. Lugui Qiu, MD, from the Chinese Academy of Medical Science Hematology Hospital and Prof. Chunrui Li, MD, PhD, from Tongji Hospital, Tongji Medical College, Huazhong University of Science & Technology. "At the 63rd Annual Meeting of the American Society of Hematology (ASH) in 2021, we reported the results of the clinical study on Equecabtagene Autoleucel injection. The study was conducted in 14 clinical centers and enrolled 79 patients with MM who had received at least third-line of prior therapy. Of the 79 patients, the overall response rate(ORR) was 94.9% and the complete response/stringent complete response (CR/sCR) rate was 58.2%. These study results showed that Equecabtagene Autoleucel has excellent safety and efficacy profiles. In addition, Equecabtagene Autoleucel also demonstrated favorable efficacy in patients with extramedullary multiple myeloma and patients who had received prior CAR-T therapy. These results suggest that Equecabtagene Autoleucel is potentially a new and effective immunotherapy treatment option for patients with MM. We hope that Equecabtagene Autoleucel can be launched in China soon, bringing long-term benefits to patients."
"IASO Bio currently has more than 10 innovative pipeline products under development. Equecabtagene Autoleucel is China's first domestically developed CAR T-cell therapy with global intellectual property rights and the first BCMA-targeting CAR T-cell therapy with its NDA formally accepted by the NMPA. This is a significant milestone for IASO Bio. IASO Bio's over 100,000 ft² manufacturing facility in Nanjing, which has end-to-end manufacturing capability that covers the entire CAR-T production process, received its drug manufacturing license earlier this year, will be the future commercial production site for Equecabtagene Autoleucel." said Wen (Maxwell) Wang, M.D., Ph.D., Chief Executive Officer and Chief Medical Officer of IASO Bio.
"In 2018, Professor Jianfeng Zhou of Tongji Hospital, Tongji Medical College led a team of clinicians and biologists to initiate clinical study of the world's first fully-human BCMA CAR T-Cell therapy (Equecabtagene Autoleucel) for the treatment of multiple myeloma. The first patient of the study has maintained strict complete remission (sCR) for over 40 months. "Maxwell added, "Many thanks to Professor Jianfeng Zhou for his unremitting efforts to promote the development of novel cell therapies and provide the impetus for the continuous innovation of CAR-T therapy. We look forward to the commercialization of Equecabtagene Autoleucel to bring hope to more multiple myeloma patients."
Dr. Yongjun Liu, President of Innovent, said, "We are glad about the NDA acceptance of Equecabtagene Autoleucel, a product candidate co-developed by Innovent and IASO Bio, and it will potentially to be the domestic first approved and launch-to-market BMCA CAR-T therapy for multiple myeloma. In the clinical studies, Equecabtagene Autoleucel demonstrated impressive efficacy and favorable safety profiles. We hope that this breakthrough therapy could be approved in the near future and we will actively coordinate with all parties including the government authorities, hospitals, commercial insurance and charity funds to bring benefit to more multiple myeloma patients.
IASO Bio and Innovent are actively advancing the clinical development of Equecabtagene Autoleucel. In February 2022, it was granted"Orphan Drug Designation (ODD)" by the Office of Orphan Products Development (OOPD) of the U.S. Food and Drug Administration (FDA). In January 2022, IASO Bio and Innovent have jointly granted non-exclusive commercial rights of the fully-human BCMA CAR construct used in Equecabtagene Autoleucel to Sana Biotechnology (NASDAQ: SANA), a company focused on creating and delivering engineered cells as medicines, for use in its in vivo gene therapy and ex vivo hypoimmune cell therapy applications. Sana's clinical and commercial development could further enhance the potential value of CT103A, benefitting a broader patient population. In addition to multiple myeloma, the NMPA has accepted IND application of Equecabtagene Autoleucel for the new expanded indication of Neuromyelitis Optica Spectrum Disorder (NMOSD).
About Multiple Myeloma (MM)
In the United States, MM accounts for nearly 2% of new cancer cases, and more than 2% of all cancer-related deaths. According to Frost & Sullivan, the number of new MM cases in the United States rose from 30,300 in 2016 to 32,300 in 2020 and is expected to increase to 37,800 by 2025. Additionally, the total number of patients diagnosed with MM increased from 132,200 in 2016 to 144,900 in 2020 and is expected to rise to 162,300 by 2025. In China, the number of new MM cases rose from 18,900 in 2016 to 21,100 in 2020 and is expected to increase to 24,500 by 2025. The total number of patients diagnosed with MM in China increased from 69,800 in 2016 to 113,800 in 2020 and is expected to rise to 182,200 by 2025.
About IASO Biotherapeutics
IASO Bio is a clinical-stage biopharmaceutical company engaged in the discovery and development of novel cell therapies for oncology and autoimmune diseases. Leveraging its proprietary fully-human antibody discovery platform (IMARS), high-throughput CAR T drug priority platform, and proprietary manufacturing processes, IASO Bio is developing a rich clinical-stage pipeline of multiple autologous and allogeneic CAR-T and biologics product candidates. This includes a diversified portfolio of 10 novel pipeline products, including IASO's leading asset, Equecabtagene Autoleucel, an innovative anti-BCMA CAR-T cell therapy under pivotal study for relapsed/refractory multiple myeloma (R/R MM). In February 2021, Equecabtagene Autoleucel was granted "Breakthrough Therapy Designation" by the NMPA. In February 2022 it was granted "Orphan Drug Designation (ODD) "by the Office of Orphan Products Development (OOPD) of the U.S. Food and Drug Administration (FDA). In addition to multiple myeloma, China's National Medical Products Administration (NMPA) has accepted its investigational new drug (IND) application for the new extended indication of Neuromyelitis Optica Spectrum Disorder (NMOSD). In addition, the company's in-house developed fully-human CD19/CD22 dual-targeted chimeric antigen receptor (CAR) T cell therapy has entered phase I/II registrational clinical trial for the treatment of CD19/CD22-positive relapsed/refractory B-cell non-Hodgkin's lymphoma (r/r B-NHL). It was also granted Orphan Drug Designation by the U.S. Food and Drug Administration in October 2021. For more information on IASO Bio, please visit www.iasobio.com and www.linkedin.com/company/iasobiotherapeutics/.
About Innovent Biologics
Inspired by the spirit of "Start with Integrity, Succeed through Action", Innovent's mission is to develop and commercialize high quality biopharmaceutical products that are affordable to ordinary people. Established in 2011, Innovent is committed to developing, manufacturing and commercializing high quality innovative medicines for the treatment of cancer, metabolic, autoimmune and other major diseases. On October 31, 2018, Innovent was listed on the Main Board of the Stock Exchange of Hong Kong Limited with the stock code: 01801.HK.
Since its inception, Innovent has developed a fully integrated multi-functional platform which includes R&D, CMC (Chemistry, Manufacturing, and Controls), clinical development and commercialization capabilities. Leveraging the platform, the company has built a robust pipeline of 32 valuable assets in the fields of cancer, autoimmune, metabolic, ophthalmology and other major therapeutic areas, with 7 products approved for marketing in China – TYVYT® (sintilimab injection), BYVASDA® (bevacizumab biosimilar injection), SULINNO® (adalimumab biosimilar injection), HALPRYZA® (rituximab biosimilar injection) , Pemazyre® (pemigatinib oral inhibitor) and olverembatinib (BCR-ABL TKI) and Cyramza® (ramucirumab) , 2 asset under NMPA NDA review, 4 assets in Phase 3 or pivotal clinical trials, and an additional 19 molecules in clinical studies.
Innovent has built an international team with expertise in cutting-edge biological drug development and commercialization. The company has also entered into strategic collaborations with Eli Lilly and Company, Roche, Adimab, Incyte, MD Anderson Cancer Center, Hanmi and other international partners. For more information, please visit: www.innoventbio.com and www.linkedin.com/company/innovent-biologics/.
Innovent's Forward-Looking Statements
This news release may contain certain forward-looking statements that are, by their nature, subject to significant risks and uncertainties. The words "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to Innovent Biologics, Inc. ("Innovent" or "Company"), are intended to identify certain of such forward-looking statements. Innovent does not intend to update these forward-looking statements regularly.
These forward-looking statements are based on the existing beliefs, assumptions, expectations, estimates, projections and understandings of the management of Innovent with respect to future events at the time these statements are made. These statements are not a guarantee of future developments and are subject to risks, uncertainties and other factors, some of which are beyond Innovent's control and are difficult to predict. Consequently, actual results may differ materially from information contained in the forward-looking statements as a result of future changes or developments in our business, Innovent's competitive environment and political, economic, legal and social conditions.
Innovent, the Directors and the employees of Innovent assume (a) no obligation to correct or update the forward-looking statements contained in this site; and (b) no liability in the event that any of the forward-looking statements does not materialize or turn out to be incorrect.
Related News
IASO Biotherapeutics' Equecabtagene Autoleucel, the World's First CAR-T for Treatment of NMOSD, Receives IND Application Acceptance by NMPA
U.S. FDA Grants Orphan Drug Designation to BCMA CAR-T Cell Therapy Co-Developed by IASO Bio and Innovent
Sana Biotechnology, IASO Biotherapeutics, and Innovent Biologics Announce Non-Exclusive License Agreement for Clinically Validated BCMA CAR Construct
IASO Biotherapeutics and Innovent Biologics Announced Updated Clinical Data of BCMA CAR-T Therapy in Oral Presentation at 2021 ASH Annual Meeting
IASO Bio's Nanjing Manufacturing Facility Granted the Drug Manufacturing License for CAR-T Cell Therapy Products
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SOURCE IASO Biotherapeutics | https://www.kxii.com/prnewswire/2022/06/02/iaso-bio-innovent-jointly-announce-nmpa-acceptance-new-drug-application-equecabtagene-autoleucel-treatment-relapsed-andor-refractory-multiple-myeloma/ | 2022-06-02T12:57:09Z |
EXTON, Pa. , June 22, 2022 /PRNewswire/ -- Attendee registration opens today for SCTE® Cable-Tec Expo® 2022. Co-chaired this year by Comcast Cable President and CEO David Watson and Liberty Global Vice-chairman and CEO Michael Fries, Expo 2022 will take place September 19-22 in Philadelphia, PA. Attendees can now register at Expo.scte.org.
The Society of Cable Telecommunications Engineers (SCTE®), a CableLabs® subsidiary, is excitedly preparing to reunite thousands of professionals in person for the first time since Expo 2019. Expo 2022 assembles more than 100 hours of learning with preeminent experts and thought leaders in addition to hundreds of innovative vendors with trailblazing technology solutions.
The annual Fall Technical Forum is jam-packed with subject matter experts presenting a showcase of current innovation, forward-looking technologies, and the solutions helping to power the industry's 10G platform and advance its technical foundation. One-hundred and twenty-eight papers will be presented, sorted into 57 sessions across 13 categories, as selected by the SCTE® Cable-Tec Expo® 2022 Program Committee, co-chaired by Comcast Cable SVP of Technology, Environments & Strategy Sherita Ceasar and Liberty Global VP of Technology Bill Warga. Three new tracks have been added for Expo 2022: DevOps & Agile; Software Development, Automation, and Tooling; and Artificial Intelligence & Machine Learning.
Known globally as the preeminent venue for thought leadership, engineering innovation, and pioneering business insights, Expo 2022 will combine the best elements of an on-site experience with compelling streaming content, which will also be made available post event to full conference attendees.
As the premier media partner for Expo 2022, Pipeline magazine will provide event-based distribution of content, press releases, and the show daily. Exhibitors also will be able to extend the reach of their media services through Pipeline's global platform, audience, and digital distribution services. Show participants can request additional information about event services by contacting Pipeline at info@pipelinepub.com.
Exhibitor and sponsorship opportunities are still available at https://expo.scte.org/exhibitor-info/.
SCTE® Cable-Tec Expo® is the preeminent venue for thought leadership, engineering innovation and dealmaking within the broadband telecommunications industry. Hosted by the Society of Cable Telecommunications Engineers (SCTE), a subsidiary of CableLabs®, Expo 2022 will be hosted in Philadelphia, PA, September 19-22 and chaired by industry leaders Comcast Cable President and CEO David Watson and Liberty Global Vice-chairman and CEO Michael Fries. The most compelling technologies that are building the future of cable telecommunications will be on display as we celebrate collaboration and "Creating Infinite Possibilities," the theme for Expo 2022. More information at expo.scte.org.
SCTE is shaping the future of connectivity. Through technological leadership and innovation, SCTE has served as the applied science leader for the cable telecommunications industry for more than five decades. As a not-for-profit member organization, SCTE moves member companies forward through continuous training for the workforce of tomorrow and by putting leaders into the conversations that matter. SCTE is the force behind the annual SCTE Cable-Tec Expo®, the largest cable telecommunications and technology tradeshow in the Americas. Learn more at www.scte.org.
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SOURCE Society of Cable Telecommunications Engineers (SCTE) | https://www.kxii.com/prnewswire/2022/06/22/registration-is-open-scte-cable-tec-expo-2022/ | 2022-06-22T18:53:24Z |
Next generation medication regimen review solution is a game-changer for consultant pharmacists.
PITTSBURGH, June 22, 2022 /PRNewswire/ -- SoftWriters, Inc., the industry leader in long-term care (LTC) pharmacy software, announced today the release of their latest offering, FrameworkRxP™. The product supports consultant pharmacists, who perform regular reviews of the medications prescribed for patients and residents in post-acute settings. "We are very excited to add FrameworkRxP to our suite of products, which are all designed to streamline pharmacy operations by facilitating the various and complex services provided by our customer pharmacies," said Jay Loeper, Pharm. D. & Senior Product Manager at SoftWriters and the consultant pharmacist who originated RxPertise for his own practice in the mid-90's. "It fits in well with our other successful solutions and will make a similar impact on productivity. We believe that we have developed a consulting tool that will go beyond current expectations of what an MRR solution can do."
SoftWriters is no stranger to the Medication Regimen Review (MRR) process in LTC. They currently produce RxPertise™, the industry-leading solution in Consultant Pharmacy for over 20 years. "While RxPertise continues to be a reliable tool for MRR, we understand that the needs of our customers have evolved, and our goal with FrameworkRxP was to meet the changing requirements of today's consulting practice", said Jay. "Our experience as pharmacists, combined with feedback from many of our customers, has helped us to reimagine many of our current features and combine them with new ideas for FrameworkRxP. Via a tight integration with FrameworkLTC, we have a unique opportunity to offer real-time access to dispensing data, and several new features that go along with it".
As a web-based product, FrameworkRxP provides centralization of data, accessibility across multiple device platforms, high scalability – all of which help to break down silos and facilitate the collaborative effort required in long-term care. While the initial product launch, the Integrated version, is aimed at customers currently using FrameworkLTC, SoftWriters will closely follow it with the release of the Flex version, a solution which will serve the needs of customers using other pharmacy management products. It will offer many of the same features, but also provide the ability to interface with several other popular pharmacy management systems. Both versions will offer offline capability so that users can remain productive in situations where no stable internet connection is available.
Scott Beatty, President at SoftWriters, Inc. commented, "Our customers depend on us to deliver solutions that support the important work they do in caring for long-term care patients. FrameworkRxP enables the clinical pharmacist workflow with the first real-time integration with dispensing data in FrameworkLTC. Our mission is to Save Lives, and this solution complements the rest of our product suite and serves a critical role in the patient care equation".
SoftWriters Inc. is the leading provider of pharmacy management software solutions purpose-built for long-term care (LTC) pharmacies. Trusted by over 600 LTC pharmacies, FrameworkLTC, SoftWriters' flagship platform, has set the standard for driving efficiencies, saving money, and elevating patient care through automating workflows, powerful integrations, scalability, and connectivity to SoftWriters' complete suite of innovative software products designed to meet the needs of LTC pharmacy operations. Founded in 1998, SoftWriters is headquartered in Pittsburgh, PA, and serves LTC pharmacies of all sizes throughout the U.S. with its tenured team of domain practitioners and technology experts. Learn more about SoftWriters and its solutions for long-term care pharmacies at frameworkltc.com.
Related Links
https://www.softwriters.com/frameworkrxp
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SOURCE SoftWriters, Inc. | https://www.wibw.com/prnewswire/2022/06/22/softwriters-launches-frameworkrxp-major-advancement-consulting-pharmacist-software-that-directly-integrates-with-frameworkltc/ | 2022-06-22T12:51:02Z |
Steelers re-sign safety Terrell Edmunds to 1-year deal
PITTSBURGH (AP) — The Pittsburgh Steelers are bringing back safety Terrell Edmunds on a one-year deal. The deal will pay Edmunds $2.5 million. Pittsburgh drafted Edmunds in the first round in 2018, but declined to exercise his fifth-year option last spring. He put together a solid 2021, picking off two passes and finishing with 89 tackles in 17 games. The signing actually saved the Steelers more than $4 million based on what the value of Edmunds’ option would have been had they picked it up. | https://localnews8.com/sports/ap-national-sports/2022/04/25/steelers-re-sign-safety-terrell-edmunds-to-1-year-deal/ | 2022-04-25T20:10:29Z |
Lease agreements finalized for new museum coming to Austin, Texas, under ownership of Dallas Museum of Illusions' successful franchisee Beyond Entertainment Group
ATLANTA, Aug. 18, 2022 /PRNewswire/ -- Museum of Illusions®, a global leader in "edutainment" and the world's biggest privately-held chain of museums, announced today official plans to open a new location at The Domain in Austin, Texas, in early 2023.
With a lease now signed for the 6,265-square-foot, corner-unit space at 11010 Domain Drive #100, Austin, TX 78758, Museum of Illusions is designing its Austin museum for guests of all ages to enjoy optical illusions, 3D holograms and mind-bending exhibits as well as interactive and immersive illusion rooms.
With nearly 40 museums open across 25 countries and featuring destinations in major cities including Paris, New York, Dubai, Dallas and more, Museum of Illusions is renowned for its unique and creative exhibits that simultaneously entertain and educate visitors on the complexities of the human mind. Austin's Museum of Illusions is sure to serve as a truly unique addition to the wide range of attractions available for both residents and tourists alike to enjoy in Texas' capital city.
Bringing Museum of Illusions to Austin is Subhi Gharbieh, the managing partner of Beyond Entertainment Group who introduced the concept to the state of Texas in 2019 when they opened the Dallas Museum of Illusions, which remains wildly successful to this day.
"Witnessing firsthand how much people really enjoy the experience they have when attending the Dallas Museum of Illusions as well as how robust the business model is, we made the decision to expand and provide the experience in new markets," said Gharbieh. "The museum takes guests on an unconventional, interactive and immersive journey that many have never seen before, and we're excited that the great city of Austin – known for welcoming and embracing novel concepts – will soon be home to that experience."
Gharbieh is the managing partner of Beyond Entertainment. He and his partners have diverse backgrounds with experience in real estate, management consulting, finance, private equity and engineering. Beyond the existing museum in Dallas and the confirmed upcoming museum in Austin, Gharbieh and his business partners intend to continue driving the global brand's expansion across Texas with sights already set on Houston for their third location.
Most recently opening its 37th museum to-date, Museum of Illusions is continuing toward a goal of opening 100 total locations around the world by the close of 2026. In addition to this new museum in Austin, the brand has more U.S. locations slated to open in the near future in major cities including Washington, DC; Scottsdale, Arizona; Charlotte, North Carolina; Atlanta, Georgia; Houston, Texas and more.
For more information about the Museum of Illusions and its franchise opportunities, visit www.museumofillusions.com or email at info@museumofillusions.com.
RP Illusions Corp. is a U.S.-based corporation that develops and franchises museums across the world. The company's primary goal is to provide memorable and exciting educational opportunities while evolving its approach to creativity, art, and entertainment. The Museum of Illusions is a global leader in "edutainment", with 37 locations in 25 countries worldwide. The company plans to continue expanding by providing unique educational, visual, and entertaining experiences with high-quality service. For more information about the Museum of Illusions visit www.museumofillusions.com or email at info@museumofillusions.com.
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SOURCE Museum of Illusions | https://www.kxii.com/prnewswire/2022/08/18/austin-gets-weirder-with-new-museum-illusions-opening-soon-domain/ | 2022-08-18T14:51:46Z |
NEW YORK, Aug. 23, 2022 /PRNewswire/ -- BV Investment Partners, a middle-market private equity firm, announced the sale of RKD Group, the largest provider of outsourced fundraising services to the non-profit industry in North America, to Incline Equity Partners, a Pittsburgh-based private equity firm.
BrightTower, a New York City-headquartered investment banking and M&A advisory services firm, served as exclusive financial advisor to Incline in this transaction.
Headquartered in Dallas, TX, RKD provides data-driven solutions to support the fundraising efforts of non-profit organizations. With nearly 50 years of experience, RKD serves hundreds of organizations across a diverse array of segments, such as food banks, health & disease, social service, and animal welfare. The Company's comprehensive suite of services includes strategic planning, content creation, marketing execution, and performance analytics. These services enable non-profit organizations to accelerate net revenue growth, build long-term donor relationships, and drive donor engagement.
Tim Kersten, CEO of RKD Group, commented, "Our strong partnership with BV enabled us to build a comprehensive solution set spanning data, digital, and omnichannel offerings, thus providing our clients tools to improve donor engagement and raise the funds that support their missions. As a result of these and other initiatives, we've had the opportunity to work with some of the largest NPOs and make impacts with organizations and communities in cities across the country and around the world. We look forward to continuing to develop innovative new solutions and grow our reach."
"RKD delivers a compelling value proposition by supporting critical fundraising initiatives for non-profit organizations," said Joseph Choorapuzha, Partner at Incline. "The Company has established scalable platforms and strong reputation from its omnichannel execution capabilities, cutting-edge data analytics, and deep vertical expertise. We are incredibly excited to partner with the Company in exploring multiple avenues of growth, such as executing strategic acquisitions and expanding its scope of services."
"We look forward to making an even greater impact with non-profit organizations and communities as we enter our next chapter with Incline," said Kersten. "RKD is proud to be a trusted partner to its clients, and we are excited to further broaden our portfolio of services and capabilities. Leveraging Incline's resources and expertise, we plan to further enhance our growing digital and data offerings and pursue transformational productization opportunities to become a more complete solutions provider."
BrightTower is a New York City headquartered investment bank focused on M&A advisory services, capital raising, and debt capital markets. The firm leverages sector expertise, global reach, and tailored insights to deliver enterprise advisory services across the software, technology-enabled marketing, IT business services, and information markets. BrightTower is focused on growing a robust ecosystem supporting entrepreneurs, private equity firms, growth equity firms, venture capitalists, debt providers, and corporations as they stay ahead of quickly evolving markets. The firm is committed to delivering world class advisory talent to every engagement that builds trust in the knowledge economy. Visit us on LinkedIn.
Contact:
Christie Haselton
Director, Development
BrightTower
christieh@brighttower.com
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SOURCE BrightTower | https://www.mysuncoast.com/prnewswire/2022/08/23/brighttower-advises-incline-equity-partners-its-acquisition-non-profit-fundraising-services-provider-rkd-group/ | 2022-08-23T16:08:09Z |
NEW YORK, May 27, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DELL, BOOT, PDD, AAPL, and LLY.
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SOURCE InvestorsObserver | https://www.wibw.com/prnewswire/2022/05/27/thinking-about-trading-options-or-stock-dell-technologies-boot-barn-pinduoduo-apple-or-eli-lilly/ | 2022-05-27T16:13:22Z |
NEW YORK, July 29, 2022 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the "Fund") has announced a distribution declaration of $0.0312 per share of common stock. The distribution announced today is payable on August 31, 2022, has a record date of August 15, 2022 and has an ex-date of August 12, 2022.
Under its level distribution policy, the Fund anticipates that it will make regular monthly distributions, subject to market conditions, of $0.0312 per share of common stock, unless further action is taken to determine another amount. There is no assurance that the Fund will always be able to pay a distribution of any particular amount, or that a distribution will consist of only net investment income. The Fund's ability to maintain its current distribution rate will depend on a number of factors, including the amount and stability of income received from its investments, availability of capital gains, the amount of leverage employed by the Fund, the cost of leverage and the level of other Fund fees and expenses.
The distribution announced today, as well as future distributions, may consist of net investment income, net realized capital gains and return of capital. In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice would be provided for any distribution that does not consist solely of net investment income. The notice would be for informational purposes and not for tax reporting purposes, and would disclose, among other things, estimated portions of the distribution, if any, consisting of net investment income, capital gains and return of capital. The final determination of the source and tax characteristics of all distributions paid in 2022 will be made after the end of the year.
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 25 countries, Neuberger Berman's diverse team has over 2,500 professionals. For eight consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). In 2020, the PRI named Neuberger Berman a Leader, a designation awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. The PRI also awarded Neuberger Berman an A+ in every eligible category for our approach to ESG integration across asset classes. The firm manages $418 billion in client assets as of June 30, 2022. For more information, please visit our website at www.nb.com.
Statements made in this release that look forward in time involve risks and uncertainties. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund's performance, a general downturn in the economy, competition from other closed end investment companies, changes in government policy or regulation, inability of the Fund's investment adviser to attract or retain key employees, inability of the Fund to implement its investment strategy, inability of the Fund to manage rapid expansion and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.
Contact:
Neuberger Berman Investment Advisers LLC
Investor Information
(877) 461-1899
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SOURCE Neuberger Berman | https://www.mysuncoast.com/prnewswire/2022/07/29/neuberger-berman-real-estate-securities-income-fund-announces-monthly-distribution/ | 2022-07-29T22:03:22Z |
NEW YORK and HOUSTON and DALLAS, Aug. 3, 2022 /PRNewswire/ -- Republic Capital Group congratulates its client, Smart Investor on its transaction with Edelman Financial Engines (EFE).
Headquartered in Roseville, CA, with a second office in Woodville, CA, Smart Investor manages over $680 million for more than 500 individual clients and offers retirement plan management to small businesses. The transaction expands EFE's strong presence in an attractive Northern California market and adds to its capabilities to better serve the retirement plan needs of small businesses. Edelman Financial Engines, founded in 1986, has more than 145 offices across the country serving more than 1.3 million clients and managing $275 billion in assets.
"John Langston and his team at Republic Capital Group did a phenomenal job for us throughout this transaction. If I had to do it over again, we'd absolutely engage them for their guidance and leadership. They were instrumental in the broad strokes of our deal, but maybe even more importantly the fine details and interpersonal connections," commented Chief Operating Officer, Michael Tudor of Smart Investor.
"Smart Investor and Michael Tudor have done a great job building a unique business that is a great fit for Edelman Financial Engines, a leader in our industry. Smart Investor will be a great asset to them." said John Langston, Founder and Managing Partner of Republic Capital Group.
"Smart Investor has built a tremendously successful RIA because of its unwavering commitment to clients, and we are thrilled to welcome its advisors and team to Edelman Financial Engines," commented Jason Van de Loo, Executive Vice President and Head of Wealth Planning and Marketing, Edelman Financial Engines. "Philosophical alignment is so important to us when considering acquisitions, and it was clear early on that our firms were founded on the same principles – to provide the highest duty of loyalty to clients and to help them achieve their important wealth planning goals. The addition of Smart Investor's talented financial advisors and capabilities strengthens our team and allows us to help more people move their financial lives forward."
Republic Capital Group acted as the exclusive investment banking advisor to Smart Investor on the transaction.
Republic Capital Group specializes in providing investment banking services to the RIA, Asset and Wealth Management communities. Republic Capital Group serves firms throughout the country and clients include several industry leaders.
Learn more about Republic Capital Group at www.republiccapgroup.com
Republic Capital Group - securities offered through Kingswood Capital Partners, LLC.
Candace Langston
Republic Capital Group
832-953-6542
clangston@republiccapgroup.com
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SOURCE Republic Capital Group | https://www.wibw.com/prnewswire/2022/08/03/republic-capital-group-represents-smart-investor-edelman-financial-engines-acquisition/ | 2022-08-03T17:28:59Z |
NEW YORK, Sept. 8, 2022 /PRNewswire/ -- The Israel Ministry of Tourism announced today new record-breaking tourist arrivals from the United States visiting Israel in the months of July and August. The country welcomed 78,000 total travelers from the United States in July 2022, a 4% increase from 2019, and 71,000 total travelers from the United States in August 2022, a 13% increase from 2019.
"It is so exciting to once again see an increase in tourism to Israel from the United States, already reaching and surpassing our record-breaking numbers of 2019," said Eyal Carlin, Tourism Commissioner for North America. "The United States is our top market for inbound tourism to Israel, and before the COVID-19 pandemic, we were celebrating record-breaking tourism entry numbers month after month; We're so happy to see such a positive shift and expect a continued upward trajectory for months and years to come."
Not far behind the United States, Canada is also on track to exceed its tourist arrivals in Israel, reaching 7,200 visitors in July 2022 and 6,000 in August.
"It is so exciting to see how Canada's tourism to Israel is rebounding," said Gal Hana, Consul and Director for Canada for the Israel Ministry of Tourism. "We are not far off our record 2019 numbers, and we are anticipating that this growth in travel to Israel will further increase as Canadians continue to feel more comfortable traveling abroad."
In 2019, Israel welcomed more than 4.6 million global tourists, 969,600 of them coming from the United States, and since its official reopening to all travelers regardless of vaccination status in May of this year, the country has already seen more than 600,400 US travelers.
About the Israel Ministry of Tourism:
The Israel Ministry of Tourism (IMOT) is Israel's national tourism agency responsible for planning and implementing marketing and promotional initiatives to position Israel as a preferred travel destination. IMOT aims to increase tourism traffic to contribute to Israel's economy, and to enhance and diversify the visiting experience. IMOT works to promote Israel's impressive assortment of historical, cultural, culinary, and religious attractions – each the perfect blend of tradition and modernity. IMOT offices in North America are located in New York, Los Angeles, Atlanta, Chicago, and Toronto.
For details on upcoming events and attractions in Israel, visit IMOT's website at israel.travel. Follow us on Facebook, Twitter and Instagram to receive the latest updates.
Media Contact:
MWWPR,
israel@mww.com
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SOURCE Israel Ministry of Tourism | https://www.wibw.com/prnewswire/2022/09/08/israel-celebrates-record-breaking-tourism-entry-numbers-united-states/ | 2022-09-08T15:40:40Z |
Freeman hits 1st HR for Dodgers in reunion win over Braves
By BETH HARRIS
AP Sports Writer
LOS ANGELES (AP) — Freddie Freeman slugged his first home run in a Dodgers uniform — against his former team, no less — and Los Angeles beat the Atlanta Braves 7-4 for its seventh consecutive victory. Freeman didn’t wait to tee off against his old club, hitting a solo shot in the first inning off Huascar Ynoa. The sellout crowd of 52,052 saluted Freeman with chants of “Freddie! Freddie!” Before the game, an emotional Freeman spent time in the Braves clubhouse, reliving memories of delivering Atlanta’s first World Series title since 1995 last year. Guillermo Heredia and Ozzie Albies hit solo homers for the Braves off Clayton Kershaw. | https://localnews8.com/sports/ap-national-sports/2022/04/18/freeman-hits-1st-hr-for-dodgers-in-reunion-win-over-braves/ | 2022-04-19T12:06:01Z |
Biden to announce new support for US biotech production
WASHINGTON (AP) — President Joe Biden is launching a new initiative to encourage biotech production and research in the U.S., the latest move by the White House to boost domestic industry.
Biden on Monday signed an executive order implementing the initiative and later, in remarks at the John F. Kennedy Presidential Library in Boston, will address how biotech can help fight cancer. On Wednesday, the Democratic president’s administration will host a summit and announce new investments from several federal agencies, according to a White House fact sheet.
The initiative will seek to boost biomanufacturing in pharmaceuticals but also in other industries such as agriculture, plastics and energy. A senior administration official wouldn’t say how much funding will be announced Wednesday.
Biomanufacturing processes can program microbes to make specialty chemicals and compounds, the fact sheet said. Biomanufacturing can be used to make alternatives to oil-based chemicals, plastics and textiles.
The executive order follows bipartisan legislation Biden signed last month that provided $52 billion to subsidize the production of semiconductors, construction of new chip plants and research and development in the United States.
That legislation was intended to reduce the U.S. economy’s reliance on semiconductors made overseas, particularly in Taiwan, and to respond to greater efforts by China to develop its own chip industry.
Biden touted the benefits of the semiconductor law on Friday, in a stop in Columbus, Ohio, where chip giant Intel has broken ground on a new $20 billion factory.
The administration official, who wasn’t authorized to speak publicly and insisted on anonymity, said the White House wants to support manufacturing biotech products that are developed in the U.S., rather than seeing American innovations produced abroad.
“We’re aiming to expand domestic biomanufacturing capacity so that more of what’s invented in America is made in America,” the official said. “Other countries, including and especially China, are aggressively investing in this sector, which poses risks to U.S. leadership and competitiveness.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/09/12/biden-announce-new-support-us-biotech-production/ | 2022-09-12T10:40:40Z |
ROME (AP) — The New York Yankees have purchased a minority stake in Italian soccer champion AC Milan, which announced the closing of its latest ownership change Wednesday.
RedBird Capital Partners completed the deal to purchase a controlling interest in the seven-time European champion for 1.2 billion euros ($1.2 billion).
It’s the second soccer team the Yankees partially own after MLS’s New York City.
Gerry Cardinale, who founded RedBird in 2014 and is the managing partner, announced a preliminary agreement in June to buy Milan from fellow American firm Elliott Management.
Yankees Global Enterprises, the baseball team’s parent company led by the Steinbrenner family, will take a stake of about 10%, a person familiar with the negotiations told The Associated Press on Tuesday, speaking on condition of anonymity before the final deal had been announced.
Details of the Yankees’ involvement were not divulged in the announcement.
The Yankees agreed in 2013 to purchase a 20% stake in the New York City Major League Soccer team that launched in 2015. City Football Group, Manchester City’s parent company, is the controlling owner.
“We have a multi-decade relationship with the New York Yankees and the Steinbrenner family that has resulted in the creation of some of the most successful businesses in sports, entertainment and hospitality,” Cardinale said in a statement on Milan’s website.
“We are very pleased to continue our partnership with them and will look to explore opportunities together to broaden our fan reach and expand commercial opportunities that are only available to franchises that operate at the highest levels of sports globally.”
The closing comes just in time for Cardinale to make his debut as Milan’s new president at Saturday’s derby against city rival Inter Milan.
“Our vision for Milan is clear: we will support our talented players, coaches and staff to deliver success on the pitch and allow our fans to share in the extraordinary experiences of this historic club,” Cardinale said.
“We will look to leverage our global sports and media network, our analytics expertise, our track record in sports stadium developments and hospitality to deliver one goal — maintaining Milan’s place at the summit of European and world football.”
The Yankees, 27-time World Series champions, are signing a separate marketing agreement with Milan, a 19-time Italian champion, that will include broadcasting replays of games on the YES Network, as Manchester City does. There also will be cross-merchandising between the pinstripes and the Rossoneri.
Milan is coming off its first Italian title in 11 years.
The Financial Times reported Tuesday that Main Street Advisors, the Los Angeles-based fund supported by LeBron James, is also investing in Milan.
RedBird also has a stake in Fenway Sports Group, the parent company of Liverpool and the Boston Red Sox. Champions League rules prohibit two clubs in the competition from being under the same ownership to protect the integrity of games on the field. UEFA likely will have to make a judgment on the extent of RedBird’s influence on decision-making at Liverpool.
RedBird is Milan’s fourth owner in five years.
Milan was owned from 1986 to 2017 by a former Italian prime minister, Silvio Berlusconi, who sold to a company controlled by Sino-Europe Sports Investment Management Changxing Co. The American hedge fund Elliott provided financing and took control of the team in 2018 when loan payments were not made.
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More AP soccer: https://apnews.com/hub/Soccer and https://twitter.com/AP_Sports
___
Andrew Dampf is at https://twitter.com/AndrewDampf | https://cw33.com/sports/ap-sports/ap-ac-milan-announces-ownership-change-involving-the-ny-yankees/ | 2022-09-01T03:54:00Z |
Megan Berry and Alex Gurevich appointed Chief Product Officer and Chief Operating Officer.
SAN FRANCISCO, May 19, 2022 /PRNewswire/ -- Octane AI, the pioneer zero-party data marketing platform, announced two new executive leadership appointments. Longtime Octane AI executive Megan Berry has been promoted to Chief Product Officer (CPO) after five years of contributing to Octane AI's product development, and Alex Gurevich was promoted to Chief Operating Officer (COO) after serving as its Vice President of Finance and Operations for the past year. Both strategic appointments will help guide Octane AI as the company prepares to make its leading zero-party data software more accessible for ecommerce merchants of all sizes through machine learning and artificial intelligence.
"Octane AI has become the leading zero-party data platform over the past 12 months as shifting advertising data policies from Apple and Google have pushed merchants to prioritize collecting their own data and leveraging it to personalize their communications with customers," said Octane AI CEO, Matt Schlicht. "Our mission is to provide businesses with the tools they need to understand not just what their customers are doing, but what they are thinking. Megan and Alex embody this mission, and their new roles enable them to continue to drive growth, build a world-class team, and help businesses scale with zero-party data."
As CPO of Octane AI, Megan Berry will lead the product, design, and engineering teams in enhancing Octane AI's platform to enable more users to create relationships with their site visitors based on real data, and turn them into customers. Berry has over a decade of experience working with and managing remote product teams, having served as a Vice President of Product at Octane AI and RebelMouse. Berry previously worked at ad pioneer Mobclix and social influence platform Klout before its acquisition by Lithium.
"I've never been more excited about what we're building here at Octane AI! We want to empower every ecommerce merchant to have more conversations with their customers and to leverage zero-party data to humanize their shopping experience," said Megan Berry, CPO of Octane AI. "Merchants know the importance of collecting and owning customer data, but they need solutions that make it easy to use this data to improve the full customer journey. That's why we are prioritizing AI features that will make collecting zero-party data a no-brainer. We are making it incredibly fast and easy for marketers to get up and running with zero-party data marketing."
After joining Octane AI as the Vice President of Finance and Operations, Alex Gurevich quickly transformed the operations of the company to be in a position to scale both the customer base and the internal team. With a track record of impact in high-growth technology businesses like Google, Zendesk, and Credit Karma, and seeing each of these companies go either through an IPO or acquisition, Gurevich is well-suited to lead the operations of Octane AI. In the new COO role, Gurevich will oversee internal functions, such as finance and people operations, as well as customer facing functions, such as account management.
"Since I joined in March of 2021, it's been really great to see our customer base grow 80%+ and the monthly Gross Merchandise Value these customers generate through our software more than double," said Alex Gurevich, COO of Octane AI. "We've been able to have this kind of growth with AI only in our name. Looking at our roadmap and seeing how powerful our software will become with machine learning, I am excited about driving increasing value for our customers and making their businesses more automated, smarter, and personalized."
To learn more about Octane AI, visit www.octaneai.com. Follow @OctaneAI on Twitter to stay up-to-date with the latest news, offerings and marketing tips.
About Octane AI
Octane AI is the zero-party data marketing platform for Shopify and Shopify Plus merchants. Octane AI's patented conversational technology enables thousands of merchants to collect zero-party data and leverage it for personalization at scale across their website, email and SMS. Ultimately, brands using Octane AI see an increase in sales conversions, opt-ins, AOV and LTV.
Elected the Best Storefront App by Shopify in 2021, Octane AI is helping brands build deep relationships with their customers and personalize the shopping experience. The fully-remote martech company employs team members in over 12 countries and has received funding from Javelin Venture Partners, General Catalyst, Bullpen Capital, and Boost VC — top Silicon Valley investors behind big brands like Shopify, Masterclass, Snapchat, BigCommerce, Canva and Alibaba. For more information, visit: https://www.octaneai.com/
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SOURCE Octane AI | https://www.wibw.com/prnewswire/2022/05/19/octane-ai-promotes-two-executives-c-suite-company-bets-artificial-intelligence-fuel-its-zero-party-data-platform/ | 2022-05-19T14:33:23Z |
Judge declines to overturn Elizabeth Holmes guilty verdict
SAN JOSE, Calif. (AP) — A federal judge on Thursday tentatively declined to overturn the jury conviction of disgraced Theranos CEO Elizabeth Holmes on four felony counts of fraud and conspiracy. That leaves the former Silicon Valley star a step closer to serving prison time.
U.S. District Judge Edward Davila won’t make that decision final until Oct. 17, when he is scheduled to sentence Holmes in the same San Jose, California, courtroom where a jury found her guilty of duping investors in her much-hyped blood-testing startup.
Holmes, 38, faces up to 20 years in prison and a $250,000 fine, plus restitution, for lying to investors about a Theranos technology she hailed as a revolution in healthcare but which in practice produced dangerously inaccurate results.
Amy Saharia, one of Holmes’ lawyers, tried to persuade Davila that the jury of eight men and four women had acted irrationally during their seven days of deliberations. The judge concluded that the jurors drew reasonable inferences from evidence presented at the trial, although he said he would still review some cases Saharia presented before making a final decision.
Thursday’s 90-minute hearing marked the first time Holmes has returned to the court since her Jan. 3 conviction. The verdict ended a nearly four-month trial that recounted Holmes’ remarkable rise from a Stanford University dropout in 2003 to a lionized entrepreneur once worth $4.5 billion before it all unraveled in 2015.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/09/01/judge-declines-overturn-elizabeth-holmes-guilty-verdict/ | 2022-09-01T22:10:02Z |
MAPLE GROVE, Minn., Sept. 7, 2022 /PRNewswire/ -- ZEISS Industrial Quality Solutions has increased the floor space at its main booth and added new locations to display inspection solutions that extend across several industries, working to master quality together with customers. The technology solutions will be featured in four different booths, in three different areas of IMTS, including the Quality and Additive Pavilions, and the Smartforce Student Summit. Attendees can experience a wide array of technologies in person: industrial microscopes, CT X-ray machines, CMMs and optical systems, non-contact 3D devices, automated car body systems, and surface and special geometry instruments. In addition to the IMTS Conference session on Monday, September 12, visitors can listen to several daily software presentations in the main quality booth, #135502.
At the main booth, #135502 in the Quality Pavilion, ZEISS will present technologies and application highlights in the areas of ZEISS eMobility Solutions, ZEISS Medical Industry Solutions, ZEISS Aerospace Solutions, and more. Software is a key focus, with a large stage and seating area covering several topics. Customers can stop by, have a coffee and attend one of several presentations.
For the daily software topics and more, visit: ZEISS at IMTS 2022
Down from the main booth, CAPTURE 3D, a ZEISS company, is located at #135527. They are the leading provider of innovative GOM 3D digitizing solutions in the United States. Attendees can see first-hand how their solutions rapidly solve engineering issues, prevent future problems, eliminate iterations, reduce costs and improve quality.
At booth #433231 visitors can see up close, ZEISS additive manufacturing inspection solutions, including inspection verification. With this unique holistic inspection process for 3D manufacturing, the concentrated competence of all ZEISS technologies is applied. This integrated process brings the most reliable knowledge and thus certainty about the reliability of 3D parts.
Teachers and students can stop by the ZEISS Academic booth, #215400 to see ZEISS and CAPTURE 3D solutions for academia. They can talk to the team to see how ZEISS can support their metrology program and try out ZEISS machines in person.
"Overcoming the Challenges of New Designs, New Materials, and New Printers with X-ray CT" by Curtis Frederick, Additive Manufacturing Application Scientist at ZEISS, on Monday, September 12 at 3:15 PM - 4:10 PM Central. To learn more, visit ZEISS IMTS Conference Session
To learn more about ZEISS, visit www.zeiss.com/metrology
ZEISS is an internationally leading technology enterprise operating in the fields of optics and optoelectronics. In the previous fiscal year, the ZEISS Group generated annual revenue totaling 7.5 billion euros in its four segments Semiconductor Manufacturing Technology, Industrial Quality & Research, Medical Technology and Consumer Markets (status: 30 September 2021).
For its customers, ZEISS develops, produces and distributes highly innovative solutions for industrial metrology and quality assurance, microscopy solutions for the life sciences and materials research, and medical technology solutions for diagnostics and treatment in ophthalmology and microsurgery. The name ZEISS is also synonymous with the world's leading lithography optics, which are used by the chip industry to manufacture semiconductor components. There is global demand for trendsetting ZEISS brand products such as eyeglass lenses, camera lenses and binoculars.
With a portfolio aligned with future growth areas like digitalization, healthcare and Smart Production and a strong brand, ZEISS is shaping the future of technology and constantly advancing the world of optics and related fields with its solutions. The company's significant, sustainable investments in research and development lay the foundation for the success and continued expansion of ZEISS' technology and market leadership. ZEISS invests 13 percent of its revenue in research and development – this high level of expenditure has a long tradition at ZEISS and is also an investment in the future.
With around 37,000 employees, ZEISS is active globally in almost 50 countries with around 30 production sites, 60 sales and service companies and 27 research and development facilities (status: 31 March 2022). Founded in 1846 in Jena, the company is headquartered in Oberkochen, Germany. The Carl Zeiss Foundation, one of the largest foundations in Germany committed to the promotion of science, is the sole owner of the holding company, Carl Zeiss AG.
Further information at www.zeiss.com
ZEISS Industrial Quality Solutions is a leading manufacturer of multidimensional metrology solutions. These include coordinate measuring machines, optical and multisensor systems, microscopy systems for industrial quality assurance as well as metrology software for the automotive, aircraft, mechanical engineering, plastics and medical technology industries. Innovative technologies such as 3D X-ray metrology for quality inspection round off the portfolio. In addition, ZEISS Industrial Quality Solutions offers a broad global spectrum of customer services with ZEISS Quality Excellence Centers close to its customers. The company is headquartered in Oberkochen. Production and development sites outside Germany are located in Minneapolis in the USA, Shanghai (China) and Bangalore (India). ZEISS Industrial Quality Solutions is part of the Industrial Quality & Research segment.
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SOURCE Carl Zeiss Industrial Quality Solutions, LLC | https://www.wibw.com/prnewswire/2022/09/07/zeiss-showcasing-wider-range-quality-solutions-different-pavilions-imts/ | 2022-09-07T13:48:09Z |
BCBS of MN's Anti-Competitive Actions Risk Minnesotans' Lives During Pandemic By Creating Illegal Barriers To COVID-19 Testing
MINNEAPOLIS, June 29, 2022 /PRNewswire/ -- GS Labs, a leading provider of COVID-19 rapid tests in Minnesota and across the nation has filed new counterclaims in the company's ongoing legal battle against multi-billion-dollar insurance giant Blue Cross Blue Shield of Minnesota.
The June 29th filing in U.S. District Court for the District of Minnesota flatly denies all prior allegations made by BCBS of Minnesota against GS Labs. GS Labs has also alleged 21 counterclaims against BCBS of Minnesota detailing a scheme to harm competition in violation of the federal antitrust laws, resulting in COVID testing shortages in Minnesota, by conspiring with other Blue insurance companies in a cartel to fix prices and illegally boycott quality testing labs. The countercomplaint also sets forth factual allegations showing that BCBS of Minnesota committed consumer fraud by misleading Minnesotans in need of COVID testing, tortiously interfered with GS Labs' business relationships, and violated the CARES Act by refusing to reimburse GS Labs for thousands of COVID tests for its insureds.
In October 2020, BCBS of Minnesota and its affiliate Blues agreed to pay $2.67 billion to settle a class action alleging collusion among the Blue affiliates in violation of federal antitrust laws. That settlement agreement included operational changes meant to enhance competition among Blue insurers. However, BCBS of Minnesota's conduct raises new concerns that it and its sisters Blues continue to engage in anticompetitive behavior.
"Throughout the pandemic, GS Labs has been there to provide fast and accurate testing for more than 300,000 Minnesotans," said Jen Rae Wang, a representative for the company. "While insurance companies across the U.S. have paid GS Labs for these services, BCBS of Minnesota has colluded with other Blues to suppress testing, boycott GS Labs, and price-fix across the state and the nation. That anti-competitive act of greed has made it harder for residents to get critical medical information and has dangerously impacted public health."
The filling alleges that BCBS of Minnesota, "joined forces with other BCBS affiliates to exchange competitively sensitive information and fix the purchase price of COVID-19 diagnostic testing services at unsustainable cut-rates, and to boycott providers like GS Labs that do not accede to the BCBS cartel's fiat prices." The countersuit additionally details how the Blues worked together through the BCBS Association and their joint participation in the American Health Insurance Plans ("AHIP"), a national trade association for health insurance companies which counts among its Board of Directors eight members who are senior executives of BCBS affiliates.
The filing describes BCBS's, "concerted and willful actions to exclude and suppress output and reduce the quality of testing capacity by fixing prices, engaging in a boycott to withhold reimbursement, and spreading disinformation to steer subscribers away from GS Labs takes Minnesota in the opposite direction, harming competition, consumers, and GS Labs in the process. In other words, the reason for the long lines and broken testing regime is Blue Cross."
"The countersuit demonstrates Blue Cross and Blue Shield's greed and deception amidst a massive public health emergency," said Wang. "BCBS of Minnesota has violated the law, deceived Minnesota residents, and banded together with other Blues to spike profits and suppress testing capacity at the expense of their members and the public's health. These disgraceful, unethical and illegal actions should never be tolerated."
David Leibowitz, a GS Labs spokesperson, also highlighted an irony regarding BCBS' original lawsuit against GS Labs: On the very day that BCBS of Minnesota sued GS Labs for fraud and abuse, it also extended an invitation to GS Labs to become an in-network participating provider.
"Only a mega-billion-dollar insurance company would sue for fraud a legitimate testing business that's helped over one million people with life-saving medical information, then in the same breath ask that provider to become an in-network partner," said Leibowitz. "Apparently, BCBS of Minnesota would have been all too happy to work with GS Labs, but only at cut-rate price that would have bankrupted the provider while the insurance company got fatter and happier."
The CARES Act makes clear that insurance carriers must pay for COVID-19 testing for insured members. Section 3202(a) states: "If the health plan or issuer does not have a negotiated rate with such provider, such plan or issuer shall reimburse the provider in an amount that equals the cash price for such service as listed by the provider on a public internet website, or such plan or issuer may negotiate a rate with such provider for less than such cash price."
GS Labs is seeking full payment for unpaid bills that currently total tens of millions of dollars, plus legal fees, investigative fees and compensation for lost goodwill. The company also seeks three times the actual damages for each of Blue Cross' antitrust violations, together with costs and disbursements, including reasonable attorneys' fees, compensatory damages, interest and legal fees.
"The BCBS buyers' cartel for COVID-19 diagnostic testing has obtained its intended and predictable effect: namely, depressed reimbursements rates for COVID-19 diagnostic services provided by GS Labs have boosted Blue Cross' profits," the counterclaim explains. "The victims of this scam, however, are the suppliers of the testing who stood ready to provide additional output in order to alleviate national shortage, as well the pubic and patients who suffered severe documented testing shortages."
GS Labs began offering COVID-19 rapid tests in October 2020. Many communities directly requested assistance from GS Labs, due to a lack of testing resources. By keeping testing centers open 12 hours a day during the height of the pandemic – and paying above-market salaries to hire experienced registered nurses and other medical professionals – GS Labs to date has safely and effectively tested more than 1.3 million Americans.
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SOURCE GS Labs | https://www.mysuncoast.com/prnewswire/2022/06/29/gs-labs-countersues-blue-cross-blue-shield-minnesota-federal-court-filing-accuses-insurer-antitrust-violations-conspiring-with-cartel-bcbs-affiliates-violating-cares-act-false-advertising-consumer-fraud/ | 2022-06-29T23:15:23Z |
LaVerne Pick
LaVerne Matilda Pick was born on January 31, 1928, in Rosebud, Texas. She went home to her Lord and Savior peacefully on March 30, 2022. She graduated from Rosebud High School and then married Alfred August Pick, the love of her life until the day she died. She was preceded in death by her parents Eleonora Mary and Louis Frank Green, her sister Alvilda “Sis” Schiller, two brothers Jarrell Edwin Green and Leslie Val Green and her husband of 54 years.
LaVerne and Al’s marriage was blessed with 4 daughters. Brenda Cook, husband Steve, Angela Barnes, husband James, Lori Graves, husband Chuck and Celeste Dannelly. Eight grandchildren filled her life with joy and laughter. Lindsay Cook Belobrajdic husband DJ, Collin Cook wife Andrea, Alexandra Ohlendorf husband Ross, Andrew Barnes wife Casey, Taylor Graves wife Jenna, Mason Graves, Jordan Dannelly and Hannah Dannelly. 12 great grandchildren Jackson, Hudson, Owen, Ben, Luke, Colleen, Bridget, Libby, Kurt, Hank, Tatum and Piper. Rory, another blessing who’s coming in May. She was also blessed with a large extended family of loved ones and friends including her Catholic Church family of St. Luke.
LaVerne was a devoted member of the Church where she was a Eucharistic Minister, a member of the Women’s Society, prayer chain coordinator in addition to leading the rosary before mass. She was presented the Diocese of Austin Lumen Gentium Award for service to her parish as a lay person in 2012. This honor meant so much to her because her priest Fr. James Ekeocha nominated her because she exemplified the sprit of Christ as explained by the documents of the second Vatican Council.
Our mom truly enjoyed her profession. She started her career as a realtor in 1958 with the AJ Junek Realty Co. in downtown Temple. After many successful years she decided to branch out with her own real estate company 1st Pick Realty and continued selling with Covington Real Estate in Belton until she retired. LaVerne always saw real estate as a calling. She enjoyed seeing families and individuals find their perfect home. She said she never sold a house she only sold homes, because family meant everything to her.
LaVerne earned an abundance of awards in her 50+ years as a realtor in the Temple area. One of which was the Realtor of the Year for the Temple Belton Board of Realtors in 2002, at the age of 74.
Our mother was known by many names. Babe to her siblings, mom to her daughters, grammie to her grandchildren, GG to her great grandchildren and Verne to many. Through all these generations her abundance of love, generous nature and unending faith were obvious to all. She never forgot a birthday or anniversary. She loved celebrations, anytime, anyplace. Those who married into the family would even say they felt like they hit the lottery. She was always ready to pack her bags and go somewhere. Mother loved to travel whether it was a religious pilgrimage, a family vacation or a weekend trip to the races. She embraced new adventures and meeting new people, never meeting a stranger. People found her so kind and genuine they flocked to her. She touched so many lives on this side, but her eye was always on God’s bigger picture.
Visitation will take place on Monday April 4, 2022 at Scanio Harper Funeral Home, 3110 Airport Road, Temple Texas between 5 and 7pm, Rosary to follow at 7pm. Funeral on Tuesday April 5, 2022 at St. Luke Catholic Church, 2807 Oakdale Drive Temple Texas at 10am. Burial to follow at St. Joseph cemetery, 20120 Farm Road 485 in Cyclone Texas.
Afterwards, please join the family for a celebration meal at St. Luke.
In lieu of flowers, the family has requested that donations be made in her memory to St. Luke Building fund or St. Josephs cemetery fund.
Our mother was so blessed to have Teresa Pacheco as not only her caregiver but also saw her as a dear friend whom she loved.
Paid Obituary | https://www.tdtnews.com/obituaries/article_205f1c84-b131-11ec-a61d-03219a766ec5.html | 2022-04-03T13:13:47Z |
Fiduciaries face extra scrutiny when they pursue socially conscious investments
ATLANTA, Aug. 25, 2022 /PRNewswire/ -- Trustees and others who act as fiduciaries must exercise caution when implementing an ESG-focused investment strategy, CERTIFIED FINANCIAL PLANNER™ Anthony Criscuolo recently warned. Failing to do so could land them in legal hot water.
For More Information on Anthony Criscuolo visit:
https://www.palisadeshudson.com/our-team/anthony-criscuolo/
Criscuolo, a senior client service manager at Palisades Hudson Financial Group LLC, flagged this potential investment pitfall in a new article (https://www.palisadeshudson.com/2022/07/an-esg-investing-hazard-for-fiduciaries/). While investing with environmental and social goals in mind is increasingly popular, those who invest on others' behalf may need to prove that ESG strategies have financial benefits before pursuing them.
"The broad consensus is that fiduciary principles do not require trustees to consider ESG factors when selecting investments," Criscuolo wrote. "However, trustees may consider ESG factors if, and only if, trustees expect better portfolio performance in the long run as a result."
Because of laws designed to protect the interests of grantors and trust beneficiaries, even trustees who know that beneficiaries want them to pursue ESG strategies may not be able to do so without a sufficient legal framework. Working with an estate planning attorney who understands the goals of the relevant parties is critical.
Criscuolo also noted that business owners who provide a qualified retirement plan to employees should be careful when offering ESG mutual funds or other similar investments. Incorporating some ESG funds in a larger menu is probably fine, but it's still wise to seek legal advice to avoid inadvertently breaking employment law.
Business owners and fiduciaries alike should stay cautious when pursuing ESG goals. "Trustees and managers subject to fiduciary duty should take special care to document their decisions if they incorporate ESG considerations into their investment strategy," Crisucolo urged. "No one wants good investment intentions to lead to bad outcomes."
In addition to the CFP® designation, Criscuolo is also an IRS Enrolled Agent. His advice has appeared in leading publications including Forbes, The Wall Street Journal, MarketWatch and Reuters. Criscuolo is a regular contributor to Palisades Hudson's newsletter and the author of several chapters in the firm's two books, "The High Achiever's Guide to Wealth" and "Looking Ahead: Life, Family, Wealth and Business After 55," both available on Amazon.
Contact: Amy Laburda, amy@palisadeshudson.com
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SOURCE Palisades Hudson Financial Group LLC | https://www.kxii.com/prnewswire/2022/08/25/environmental-or-social-investing-can-hit-regulatory-tripwires/ | 2022-08-25T15:55:46Z |
GUATEMALA CITY (AP) — A Guatemala judge who last week ordered nine former police and military officers to stand trial for alleged crimes during that country’s civil war, said Wednesday that death threats against him had increased since announcing his decision.
“They send me messages, they call me on the phone, there’s vehicles following; all of that is happening,” Magistrate Miguel Ángel Gálvez said.
Gálvez is no stranger to high-profile cases. He once ordered former dictator Efraín Ríos Montt to be tried. “Before they had threatened me, but now they even come to hearings to photograph me,” he said.
Last week’s case stemmed from a document from Guatemala’s civil war recovered in 1999 known as the “Military Diary.” Inside, military officials logged forced disappearances, extrajudicial killings and the torture of 183 people.
The men on trial were high-ranking military and police officers arrested last year and implicated in the cases described in the document by nature of the command positions they held when the crimes occurred between 1983 and 1986.
In addition to the nine ex-police and military officers Gálvez ordered to stand trial, he called for prosecutors to find Toribio Acevedo Ramírez, a former head of military intelligence. Panamanian authorities arrested Acevedo Ramírez Tuesday in Panama City’s airport.
Gálvez said that during a hearing he received at least 20 calls from a number in the United States. When he finally answered, a voice on the other end said “if you hang up, you’re going to remember me.”
Gálvez said he suspected the leader of the far-right Foundation Against Terrorism, FCT, Ricardo Rafael Méndez Ruíz, could be behind some of the threats. Méndez Ruíz was sanctioned by the U.S. State Department last year as an undemocratic actor for allegedly obstructing prosecutions against former military officers by harassing and intimidating investigators.
Méndez Ruíz had written on social media that “It is Miguel Ángel Gálvez’s turn, the FCT will take care of it.” He said Gálvez would pay for serious crimes he committed. “We are going to see him locked up or exiled,” he wrote.
On Wednesday, Méndez said he had filed a complaint against the judge.
Gálvez said the Supreme Court should investigate the threats, but it had so far not commented.
Meanwhile, Gálvez fears the government is trying to build a case against him, as has been the case with other judges and prosecutors who have worked on sensitive corruption cases, which are also sometimes part of his docket.
“They will try to withdraw my immunity as revenge for the decisions,” Gálvez said.
Juan Pappier, senior investigator for Human Rights Watch’s Americas division, said it is on Guatemalan authorities to prevent any attacks on Gálvez.
“This case follows a pattern of intimidation against independent judges and prosecutors who investigate and criminally prosecute corruption and human rights crimes in the country,” Pappier said. “These attacks have left Guatemalan democracy hanging by a thread.”
The Guatemalan Judges for Integrity Association condemned the threats as a “direct attack against judicial independence.”
The United States and European governments have expressed concern about the deterioration of Guatemala’s justice system. A number of respected judges and prosecutors who worked on corruption cases have fled into exile. | https://cw33.com/news/international/ap-international/guatemala-judge-threatened-after-decision-on-civil-war-crime/ | 2022-05-12T21:17:25Z |
Published: Jun. 8, 2022 at 3:15 PM CDT|Updated: 59 minutes ago
DELAWARE, Ohio, June 8, 2022 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced second quarter 2022 results.
Second Quarter Financial Highlights include (all results compared to the second quarter of 2021 unless otherwise noted):
Net income of $125.1 million or $2.09 per diluted Class A share decreased compared to net income of $149.8 million or $2.51 per diluted Class A share. Second quarter 2021 net income included a one-time $95.7 million gain from sale of approximately 69,200 acres of timberlands in southwest Alabama. Net income, excluding the impact of adjustments(1), of $144.9 million or $2.41 per diluted Class A share increased compared to net income, excluding the impact of adjustments, of $67.3 million or $1.13 per diluted Class A share.
Adjusted EBITDA(2) of $251.0 million, an increase of $74.4 million compared to Adjusted EBITDA of $176.6 million.
Net cash provided by operating activities decreased by $13.1 million to $139.2 million. Adjusted free cash flow(3) decreased by $11.9 million to a source of $114.8 million.
Total debt decreased by $213.5 million to $2,099.9 million. Net debt(4) decreased by $211.8 million to $1,991.2 million. The Company's leverage ratio(5) decreased to 2.12x from 2.39x sequentially and from 3.20x in the prior year quarter.
Strategic Actions and Announcements
Completed divestment of our 50% equity interest in the Flexible Products & Services joint venture and applied the net cash proceeds of $131.6 million received during the quarter towards repayment of debt.
Redeemed our $500.0 million, 6.5% Senior notes due 2027 by amending and expanding borrowings under our credit agreement, which lowered our overall interest rate as of the end of the quarter by over 300 basis points.
Published our 13th consecutive annual sustainability report, which highlighted significant milestones on climate, waste and circularity commitments.
Reminder of Investor Day in New York City on June 23, 2022, which will feature discussions of the new Build to Last Strategy for Greif, capital deployment opportunities, sustainability progress and other key strategic programs for the future of the Company.
CEO Commentary
"Our second quarter results are a testament to our team's continued execution and customer service focus in overcoming significant ongoing headwinds related to inflation, supply chain, and the pandemic to produce another quarter of record results," said Ole Rosgaard, President and Chief Executive Officer of Greif. "This level of execution is exemplary of the Build to Last strategy in action, and is a fitting lead-in to our upcoming Investor Day on June 23 in New York City where we will be discussing that strategy and future growth for our Company in much greater detail. We hope to see you there."
Note: A reconciliation of the differences between all non-GAAP financial measures used in this release with the most directly comparable GAAP financial measures is included in the financial schedules that are a part of this release. These non-GAAP financial measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, our reported financial results. Accordingly, users of this financial information should not place undue reliance on these non-GAAP financial measures.
Customer Service, Sustainability and Colleague Engagement
The Company's consolidated CSI(6) score was 93.0 during the fiscal second quarter. Our long term objective is for each business segment to achieve a CSI score of 95.0 or greater. CSI for the Global Industrial Packaging segment was 93.4, which was 1.5% lower than the prior year quarter. CSI for the Paper Packaging & Services segment was 92.6, which was 1.2% higher than the prior year quarter.
During the quarter, the Company completed its 13th annual sustainability report. The report is prepared using the Global Reporting Initiative's ("GRI") Core option and is in full accordance with the GRI Standards and the Sustainability Accounting Standards Board Application Guidance. The report also fulfills the United Nations' Global Compact annual "Communication on Progress" requirement. The sustainability report is available for review at https://sustainability.greif.com. Report highlights include:
Updates on critical milestones, such as Greif achieving >90% waste diverted from landfill at 149 facilities, including 50 facilities achieving our Zero Waste to Landfill target.
Review of our 2021 Materiality Assessment, including identified material sustainability topics and progress made on each topic.
Discussion of Greif Diversity, Equity & Inclusion efforts and important milestones achieved.
Results from our 2021 Climate Change Workshop, including advancement opportunities identified and performance on those opportunities.
Discussion of new key partnerships that will help further advance sustainability leadership at Greif to attain our 2030 Goals.
The Company has completed its 5th annual Colleague Engagement Survey administered by Gallup. Based on feedback received in the most recent survey, the Company is again recognized within the top quartile of all manufacturing companies. Additionally, the Company expanded our overall engagement percentage to exceed the mean U.S. engagement score, highlighting the extraordinary commitment of our diverse, talented and engaged colleagues.
Investor Day 2022 Details
Investor Day 2022 will be held on Thursday, June 23, 2022 at Convene, 75 Rockefeller Plaza, New York City. Registration and breakfast will begin at 7:30AM ET and the event will begin at 8:30AM ET. President and Chief Executive Officer Ole Rosgaard, Chief Financial Officer Larry Hilsheimer and members of the executive leadership team will provide an overview of the Company; discuss ongoing business performance and the Build to Last strategy; and conduct a forum for questions and answers. A live webcast for the event will also be conducted and details will be provided in June 2022. For additional information or early registration, please contact InvestorDay@greif.com.
Segment Results (all results compared to the second quarter of 2021 unless otherwise noted)
Net sales are impacted mainly by the volume of primary products(7) sold, selling prices, product mix and the impact of changes in foreign currencies against the U.S. Dollar. The table below shows the percentage impact of each of these items on net sales for our primary products for the second quarter of 2022 as compared to the prior year quarter for the business segments with manufacturing operations.
Global Industrial Packaging
Net sales increased by $173.7 million to $971.7 million. Net sales excluding foreign currency translation increased by $213.6 million primarily due to higher average selling prices and product mix, partially offset by lower volumes.
Gross profit increased by $15.2 million to $185.3 million. The increase in gross profit was primarily due to the same factors that impacted net sales, partially offset by higher raw material costs.
Operating profit increased by $31.6 million to $108.0 million. Adjusted EBITDA increased by $24.7 million to $130.9 million primarily due to the same factors that impacted gross profit.
Paper Packaging & Services
Net sales increased by $152.3 million to $689.3 million primarily due to higher volumes and higher published containerboard and boxboard prices.
Gross profit increased by $56.9 million to $150.8 million. The increase in gross profit was primarily due to the same factors that impacted net sales, partially offset by higher raw material, transportation, labor and utility costs.
Operating profit increased by $52.8 million to $80.1 million. Adjusted EBITDA increased by $49.1 million to $117.4 million primarily due to the same factors that impacted gross profit.
Tax Summary
During the second quarter, the Company recorded an income tax rate of 19.2 percent and a tax rate excluding the impact of adjustments of 20.2 percent. Note that the application of FIN 18 frequently causes fluctuations in our quarterly effective tax rates. For fiscal 2022, the Company expects its tax rate to range between 27.0 and 31.0 percent and its tax rate excluding adjustments to range between 22.0 and 25.0 percent.
Dividend Summary
On June 7, 2022, the Board of Directors declared quarterly cash dividends of $0.46 per share of Class A Common Stock and $0.69 per share of Class B Common Stock. Dividends are payable on July 1, 2022, to stockholders of record at the close of business on June 17, 2022.
Company Outlook
Note: Fiscal 2022 Class A earnings per share guidance on a GAAP basis is not provided in this release due to the potential for one or more of the following, the timing and magnitude of which we are unable to reliably forecast: restructuring-related activities; integration related costs; non-cash pension settlement charges; debt extinguishment charges, non-cash asset impairment charges due to unanticipated changes in the business; gains or losses on the disposal of businesses or properties, plants and equipment, net and the income tax effects of these items and other income tax-related events. No reconciliation of the fiscal 2022 Class A earnings per share before adjustments guidance, a non-GAAP financial measure which excludes restructuring charges, integration costs, non-cash asset impairment charges, non-cash pension settlement charges, debt extinguishment charges, (gain) loss on the disposal of properties, plants, equipment and businesses, net, is included in this release because, due to the high variability and difficulty in making accurate forecasts and projections of some of the excluded information, together with some of the excluded information not being ascertainable or accessible, we are unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measure without unreasonable efforts. A reconciliation of 2022 adjusted free cash flow guidance to forecasted net cash provided by operating activities, the most directly comparable GAAP financial measure, is included in this release.
Conference Call
The Company will host a conference call to discuss second quarter 2022 results on June 9, 2022, at 8:30 a.m. Eastern Time (ET). Participants may access the call using the following online registration link: https://conferencingportals.com/event/BDwosPDa. Registrants will receive a confirmation email containing dial in details and a unique conference call code for entry. Phone lines will open at 8:00 a.m. ET on June 9, 2022. A digital replay of the conference call will be available two hours following the call on the Company's web site at http://investor.greif.com. To access the recording, guests can call (888) 330-2413 or (240) 789-2721 and use the conference ID 32605.
Investor Relations contact information
Matt Leahy, Vice President, Corporate Development & Investor Relations, 740-549-6158. Matthew.Leahy@Greif.com
About Greif
Greif is a global leader in industrial packaging products and services and is pursuing its vision: to be the best performing customer service company in the world. The Company produces steel, plastic and fibre drums, intermediate bulk containers, reconditioned containers, containerboard, uncoated recycled paperboard, coated recycled paperboard, tubes and cores and a diverse mix of specialty products. The Company also manufactures packaging accessories and provides filling, packaging and other services for a wide range of industries. In addition, Greif manages timber properties in the southeastern United States. The Company is strategically positioned in over 35 countries to serve global as well as regional customers. Additional information is on the Company's website at www.greif.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "may," "will," "expect," "intend," "estimate," "anticipate," "aspiration," "objective," "project," "believe," "continue," "on track" or "target" or the negative thereof and similar expressions, among others, identify forward-looking statements. All forward-looking statements are based on assumptions, expectations and other information currently available to management. Such forward-looking statements are subject to certain risks and uncertainties that could cause the Company's actual results to differ materially from those forecasted, projected or anticipated, whether expressed or implied. The most significant of these risks and uncertainties are described in Part I of the Company's Annual Report on Form 10-K for the fiscal year ended October 31, 2021. The Company undertakes no obligation to update or revise any forward-looking statements.
Although the Company believes that the expectations reflected in forward-looking statements have a reasonable basis, the Company can give no assurance that these expectations will prove to be correct. Forward-looking statements are subject to risks and uncertainties that could cause the Company's actual results to differ materially from those forecasted, projected or anticipated, whether expressed in or implied by the statements. Such risks and uncertainties that might cause a difference include, but are not limited to, the following: (i) historically, our business has been sensitive to changes in general economic or business conditions, (ii) our global operations subject us to political risks, instability and currency exchange that could adversely affect our results of operations, (iii) the COVID-19 pandemic could continue to impact any combination of our business, financial condition, results of operations and cash flows, (iv) the current and future challenging global economy and disruption and volatility of the financial and credit markets may adversely affect our business, (v) the continuing consolidation of our customer base and suppliers may intensify pricing pressure, (vi) we operate in highly competitive industries, (vii) our business is sensitive to changes in industry demands and customer preferences, (viii) raw material, price fluctuations, global supply chain disruptions and inflation may adversely impact our results of operations, (ix) energy and transportation price fluctuations and shortages may adversely impact our manufacturing operations and costs, (x) the frequency and volume of our timber and timberland sales will impact our financial performance, (xi) we may not successfully implement our business strategies, including achieving our growth objectives, (xii) we may encounter difficulties or liabilities arising from acquisitions or divestitures, (xiii) we may incur additional rationalization costs and there is no guarantee that our efforts to reduce costs will be successful, (xiv) several operations are conducted by joint ventures that we cannot operate solely for our benefit, (xv) certain of the agreements that govern our joint ventures provide our partners with put or call options, (xvi) our ability to attract, develop and retain talented and qualified employees, managers and executives is critical to our success, (xvii) our business may be adversely impacted by work stoppages and other labor relations matters, (xviii) we may be subject to losses that might not be covered in whole or in part by existing insurance reserves or insurance coverage and general insurance premium and deductible increases, (xix) our business depends on the uninterrupted operations of our facilities, systems and business functions, including our information technology and other business systems, (xx) a security breach of customer, employee, supplier or Company information and data privacy risks and costs of compliance with new regulations may have a material adverse effect on our business, financial condition, results of operations and cash flows, (xxi) we could be subject to changes to our tax rates, the adoption of new U.S. or foreign tax legislation or exposure to additional tax liabilities, (xxii) full realization of our deferred tax assets may be affected by a number of factors, (xxiii) we have a significant amount of goodwill and long-lived assets which, if impaired in the future, would adversely impact our results of operations, (xxiv) our pension and post-retirement plans are underfunded and will require future cash contributions and our required future cash contributions could be higher than we expect, each of which could have a material adverse effect on our financial condition and liquidity, (xxv) legislation/regulation related to environmental and health and safety matters and corporate social responsibility could negatively impact our operations and financial performance, (xxvi) product liability claims and other legal proceedings could adversely affect our operations and financial performance, (xxvii) we may incur fines or penalties, damage to our reputation or other adverse consequences if our employees, agents or business partners violate, or are alleged to have violated, anti-bribery, competition or other laws, (xxviii) changing climate, global climate change regulations and greenhouse gas effects may adversely affect our operations and financial performance, (xxix) we may be unable to achieve our greenhouse gas emission reduction targets by 2030. The risks described above are not all-inclusive, and given these and other possible risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. For a detailed discussion of the most significant risks and uncertainties that could cause our actual results to differ materially from those forecasted, projected or anticipated, see "Risk Factors" in Part I, Item 1A of our most recently filed Form 10-K and our other filings with the Securities and Exchange Commission. All forward-looking statements made in this news release are expressly qualified in their entirety by reference to such risk factors. Except to the limited extent required by applicable law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.kxii.com/prnewswire/2022/06/08/greif-reports-second-quarter-2022-results/ | 2022-06-08T21:14:05Z |
US declares health emergency over monkeypox outbreak
(AP) — The Biden administration has declared monkeypox a public health emergency amid rising cases.
Health and Human Services Secretary Xavier Becerra announced the decision during a briefing Thursday afternoon.
THIS IS A BREAKING NEWS UPDATE. AP’s previous story follows below:
WASHINGTON (AP) — The U.S. will declare a public health emergency to bolster the federal response to the monkeypox outbreak that has infected more than 6,600 Americans, two people familiar with the matter said Thursday.
The announcement will free up federal money and other resources to fight the virus, which may cause fever, body aches, chills, fatigue and pimple-like bumps on many parts of the body. The people spoke on the condition of anonymity ahead of an official announcement.
The declaration comes as the Biden administration has faced criticism over monkeypox vaccine availability. Clinics in major cities such as New York and San Francisco say they haven’t received enough of the two-shot vaccine to meet demand, and some have had to stop offering the second dose to ensure supply of first doses.
The White House said it has made more than 1.1 million doses available and has helped to boost domestic diagnostic capacity to 80,000 tests per week.
The monkeypox virus spreads through prolonged and close skin-to-skin contact, including hugging, cuddling and kissing, as well as sharing bedding, towels and clothing. The people who have gotten sick so far have been primarily men who have sex with men. But health officials emphasize that the virus can infect anyone.
The announcement comes three days after the Biden administration named top officials from the Federal Emergency Management Agency and the Centers for Disease Control and Prevention to serve as the White House coordinators to combat the monkeypox outbreak.
News of the expected declaration was first reported Thursday by Politico.
Such a declaration is an important — and overdue — step, said Lawrence Gostin, a public health law expert at Georgetown University.
“It signals the U.S. government’s seriousness and purpose, and sounds a global alarm,” he said.
Under a declaration by the Department of Health and Human Services, the agency can draw from emergency funds, hire or reassign staff to deal with the outbreak, and take other steps to control the virus.
A public health emergency can be extended, similar to what happened during the COVID-19 pandemic.
Gostin said the U.S. government has been too cautious and should have declared a nationwide emergency earlier. Public health measures to control outbreaks have increasingly faced legal challenges in recent years, but Gostin didn’t expect that to happen with monkeypox.
“It is a textbook case of a public health emergency,” Gostin said. “It’s not a red or a blue state issue. There is no political opposition to fighting monkeypox.”
The government’s decision comes after others have made similar declarations.
Last week, the World Health Organization called monkeypox a public health emergency, with cases in more than 70 countries. A global emergency is WHO’s highest level of alert, but the designation does not necessarily mean a disease is particularly transmissible or lethal.
California, Illinois and New York have all made declarations in the last week, as have New York City, San Francisco and San Diego County.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/08/04/us-declare-health-emergency-over-monkeypox-outbreak/ | 2022-08-04T19:30:36Z |
– Discovered in-house by the internal R&D Team at Antengene, ATG-018 is an orally-bioavailable, small molecule ataxia telangiectasia and Rad3-associated (ATR) kinase inhibitor that targets the DNA damage response (DDR) pathway.
– This Phase I study will evaluate the safety, pharmacology and preliminary efficacy of ATG-018 in patients with advanced solid tumors and hematologic malignancies.
– ATG-018 has the potential as the first orally-available, small molecule ATR kinase inhibitor entering clinical development in Australia.
SHANGHAI and HONG KONG, June 6, 2022 /PRNewswire/ -- Antengene Corporation Limited ("Antengene" SEHK: 6996.HK), a leading commercial-stage global biopharmaceutical company dedicated to discovering, developing and commercializing first-in-class and/or best-in-class therapeutics in hematology and oncology, today announced that Antengene has received approval by the Bellberry Human Research Ethics Committee (HREC) in Australia to initiate the Phase I Trial of ATG-018 in patients with advanced solid tumors and hematologic malignancies (ATRIUM Trial).
ATG-018 is an orally-available, potent, selective small molecule ATR inhibitor. ATG-018 inhibits the ATR kinase, thus limiting cancer cells' ability to repair damaged DNA, in a mechanism also known as synthetic lethality or the DDR.
The primary objective of the study is to evaluate the safety and tolerability of ATG-018 as a monotherapy, to determine the appropriate dose for Phase II studies and assess preliminary efficacy, if available; the secondary objective is to characterize the pharmacology of ATG-018. The study will be conducted in two parts (dose-escalation and dose-expansion). Icon Brisbane in Australia is the lead site for the study, which will be conducted at five sites across Australia.
"DNA is constantly exposed to damage by sources such as ultraviolet light, toxins, certain chemicals, and natural biochemical processes inside our cells. The DNA damage response (DDR) is able to identify DNA damage and to induce various biological processes that correct these changes." Said Dr Jim Coward, Chair of Icon's Medical Oncology Research Committee and Associate Professor at University of Queensland School of Medicine. "The therapeutic landscape of antitumor agents targeting DDR pathways has rapidly expanded to include inhibitors of other key mediators of DNA repair and replication, such as ATR, ATM and DNA-PK[1]. Positive findings from the trials evaluating ATR inhibitors such as ATG-018 may help provide oncologists with a new tool for improving patient outcomes in challenging cases and give them new hope when other therapies have failed."
Dr. Bo Shan, Antengene's Chief Scientific Officer commented, "ATG-018 has a solid preclinical data package including efficacy as a monotherapy in solid tumor models, oral bio-availability and potential predictive biomarkers for response. It is also one of Antengene's first in-house programs to reach the clinic. The differentiated profile of ATG-018 may enable it to be used as monotherapy and open the door for novel collaborations and combination regimens that could benefit cancer patients around the world. We are very pleased to receive HREC approval for the Phase I ATRIUM trial for ATG-018 and we look forward to collaborating with Dr. Coward and the team at Icon Brisbane on this exciting trial."
About the ATRIUM Trial
The ATRIUM trial is a Phase I multi-center, open-label, dose finding study of ATG-018 monotherapy in patients with advanced solid tumors or hematologic malignancies. The primary objective of the study is to evaluate the safety and tolerability of ATG-018 and to determine the maximum tolerated dose (MTD) and/or recommended Phase 2 dose (RP2D) and/or biologically effective dose of ATG-018 monotherapy and preliminary efficacy, if available. The secondary objective is to characterize the pharmacology of ATG-018. As a Phase I study, there will be intensive safety monitoring throughout the trial.
About ATG-018
Discovered by the internal R&D Team at Antengene, ATG-018 is an oral, potent, selective small molecule inhibitor targeting ataxia telangiectasia and Rad3-associated (ATR) kinase. ATR kinase belongs to the phosphoinositide 3 kinase-related family. Inhibiting ATR kinase leads to increased accumulation of single-strand DNA breaks, particularly meaningful for tumor cells which rely on DNA damage repair (DDR). Preclinical studies have demonstrated that ATR inhibitor monotherapy or combination with other drugs (including DDR agents) could be promising therapeutic strategies for solid tumors (including gastric, esophageal, squamous cell carcinoma) and hematologic malignancies (chronic lymphocytic leukemia [CLL], diffuse large B-cell lymphoma [DLBCL] and multiple myeloma [MM]).
According to a preclinical poster presented at 2022 American Association for Cancer Research (AACR 2022) Annual Meeting, ATG-018 has demonstrated potent in vitro and in vivo monotherapy efficacy in solid tumor/hematologic cancer models with certain homologous recombination deficiencies. These data were supported by a series of genetic alterations that correlated with ATG-018 sensitivity and could be potential predictive biomarkers. Taken together, these data suggest that ATG-018 could be a promising therapeutic agent for patients with such homologous recombination deficiencies/genetic alterations.
About Antengene
Antengene Corporation Limited ("Antengene", SEHK: 6996.HK) is a leading commercial-stage R&D-driven global biopharmaceutical company focused on the discovery, development, manufacturing and commercialization of innovative first-in-class/best-in-class therapeutics for the treatment of hematologic malignancies and solid tumors, in realizing its vision of "Treating Patients Beyond Borders".
Since 2017, Antengene has a built broad and expanding pipeline of 15 clinical and preclinical assets, of which 10 are global rights assets, and 5 came with rights for Asia Pacific markets including the Greater China region. To date, Antengene has obtained 24 investigational new drug (IND) approvals in the U.S. and Asia, and submitted 6 new drug applications (NDAs) in multiple Asia Pacific markets, with the NDA for XPOVIO® (selinexor) already approved in mainland China, South Korea, Singapore and Australia.
Forward-looking statements
The forward-looking statements made in this article relate only to the events or information as of the date on which the statements are made in this article. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. You should read this article completely and with the understanding that our actual future results or performance may be materially different from what we expect. In this article, statements of, or references to, our intentions or those of any of our Directors or our Company are made as of the date of this article. Any of these intentions may alter in light of future development. For a further discussion of these and other factors that could cause future results to differ materially from any forward-looking statement, see the section titled "Risk Factors" in our periodic reports filed with the Hong Kong Stock Exchange and the other risks and uncertainties described in the Company's Annual Report for year-end December 31, 2021, and subsequent filings with the Hong Kong Stock Exchange.
For more information, please contact:
Investor Contacts:
Donald Lung
E-mail: Donald.Lung@antengene.com
Mobile: +86 18420672158
PR Contacts:
Peter Qian
E-mail: Peter.Qian@antengene.com
Mobile: +86 13062747000
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SOURCE Antengene Corporation Limited | https://www.wibw.com/prnewswire/2022/06/07/antengene-announces-hrec-approval-australia-phase-i-trial-small-molecule-atr-inhibitor-atg-018/ | 2022-06-07T04:46:34Z |
NEW YORK, Aug. 18, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Kiromic BioPharma, Inc. ("Kiromic" or the "Company") (NASDAQ: KRBP) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Kiromic investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of a class consisting of persons and entities that purchased or otherwise acquired: (a) Kiromic common stock issued in connection with the Company's public offering that closed on July 2, 2021 and/or (b) Kiromic common stock between June 25, 2021 and August 13, 2021, both dates inclusive. Follow the link below to get more information and be contacted by a member of our team:
KRBP investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The complaint alleges that the registration statement and prospectus issued in connection with the Company's public offering that closed on July 2, 2021 (the "Offering Documents") failed to disclose that the Food and Drug Administration ("FDA") had, prior to the filing of these documents, imposed a clinical hold on the Company's Investigational New Drug ("IND") applications for its two new drug candidates. Given that the offering closed on July 2, 2021, more than thirty (30) days after the Company submitted the IND applications for its two immunotherapy product candidates, investors were assured that no clinical hold had been issued and clinical trials would commence.
WHAT'S NEXT? If you suffered a loss in Kiromic during the relevant time frame, you have until October 4, 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.mysuncoast.com/prnewswire/2022/08/18/krbp-lawsuit-alert-levi-amp-korsinsky-notifies-kiromic-biopharma-inc-investors-class-action-lawsuit-upcoming-deadline/ | 2022-08-18T11:02:08Z |
BOSTON (AP) — Jimmy Butler had 47 points, nine rebounds and eight assists and the Miami Heat forced the Eastern Conference finals to a decisive seventh game by beating the Boston Celtics 111-103 on Friday night.
Ten years after LeBron James had 45 points in Boston to help the Heat avoid Game 6 elimination en route to the first of their back-to-back NBA titles, Butler scored 17 points in the fourth quarter to top him and send the series back to Miami.
With a victory at home Sunday, the Heat would advance to the NBA Finals for the second time in three years.
“This is the way it should be, with these two teams. It should have gone seven games,” Miami coach Erik Spoelstra said. “I’m just really thrilled that our group gets an opportunity to compete in a Game 7 in front of our home crowd.”
In the most back-and-forth game of the series, Boston took a 97-94 lead on Derrick White’s 3-pointer with under five minutes to play — the first time all series the lead has changed hands in the fourth quarter. Kyle Lowry answered with a 3 and then added two free throws as Miami scored 11 of the next 13 points.
Lowry finished with 18 points and 10 assists before fouling out with 2:18 left. Butler made 16 of 29 shots, hitting 4 of 8 from 3-point range and all 11 free throws.
“Matching his intensity from the start wasn’t there,” Celtics coach Ime Udoka said. “Understanding that he was going to put it on his shoulders, and we didn’t match it.”
Jayson Tatum had 30 points and nine rebounds and Derrick White came off the bench to score 11 of his 22 points in the fourth quarter for Boston. The Celtics are trying to reach the finals for the first time since 2010.
Boston’s Jaylen Brown scored 20 points, missing a pair of free throws with the game tied at 99 after Lowry fouled out. Brown fouled out himself on a charge offensive that was assessed after a challenge on a missed dunk with 13 seconds left and the Celtics down by four.
AVOIDING ELIMINATION
Butler’s 47 points were the seventh-most in NBA history for a player facing elimination.
Elgin Baylor had 61 against Boston in Game 5 of the 1962 finals. Wilt Chamberlain topped 50 three times, Sleepy Floyd had 50 against the Lakers in 1987 and Jamal Murray scored 50 against Utah in 2020.
It was also the third-most to stave off elimination against the Celtics. In addition to Baylor, Chamberlain had 50 in Game 5 of the East finals in 1960.
James’ 45 against Boston in Game 6 of the 2012 conference finals set the stage for a Game 7 win in Miami.
The Heat are hoping Butler’s performance can do the same.
“I get it, people can easily draw the comparisons between the two,” Spoelstra said. “That’s a different era. That’s a different team. I want our guys to embrace this moment.”
IN AND OUT
Miami guard Tyler Herro missed his third straight game with a strained groin, costing the team its No. 2 scorer. Kyle Lowry (hamstring), Max Strus (hamstring) and P.J. Tucker (knee) had been listed as questionable but were in the starting lineup.
Boston’s Marcus Smart (sprained right ankle) and Robert Williams III (sore knee) tested their injuries pregame and were also in the lineup.
TIP-INS
Heat: Butler had 14 points, five rebounds and four assists in the first. He scored or assisted on 24 of Miami’s 29 points in the quarter.
Celtics: Red Sox slugger David Ortiz, who was inducted into the ballclub’s Hall of Fame on Thursday night, was courtside. Ortiz threw out a ceremonial first pitch at Fenway Park earlier in the evening. Red Sox pitcher Pedro Martinez was also at the game, wearing his World Series ring.
___
More AP NBA: https://apnews.com/hub/NBA and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/butler-scores-47-points-heat-beat-celtics-to-force-game-7/ | 2022-05-28T22:24:09Z |
OAKLAND, Calif., May 18, 2022 /PRNewswire/ -- The Clorox Company (NYSE: CLX) today announced the appointment of Julia (Charter) Denman and Stephanie Plaines to its board of directors, bringing additional deep financial expertise and industry leadership experience.
Denman, 51, brings nearly 30 years of leadership and financial experience in both the technology and consumer packaged goods sectors. As corporate vice president and head of internal audit, enterprise risk and compliance at Microsoft, she provides independent and objective assessments of the company's business strategies and operations as well as oversight of its governance and strategy for global risk management and compliance. She previously served as chief financial officer of Microsoft's worldwide marketing and consumer business and, before that, its devices business. Prior to joining Microsoft, she spent 20 years with Procter & Gamble in leadership roles in the U.S. and Europe, including as assistant treasurer.
Plaines, 55, brings more than 30 years of strategic finance expertise with corporate leaders PepsiCo, Ahold, Walmart and Starbucks as well as strong board and operational leadership experience, including deep experience in the use of data analytics to develop consumer-centric marketing and brand strategies. As chief financial officer for e-commerce at Sam's Club, she helped grow that business as well as its omnichannel retail presence at a time of unprecedented expansion. She was also a key part of transformational growth at Ahold. Most recently, she served as global chief financial officer at Jones Lang LaSalle. She started her career in investment banking and mergers and acquisitions at UBS. In addition, Plaines has served on the board of Nielsen Holdings plc since 2021 and on the board of KKR Acquisition Holdings I Corp. since 2022.
"We're fortunate to add two leaders of the caliber of Julia and Stephanie to our board," said Matthew J. Shattock, independent chair of the board at The Clorox Company. "The breadth and depth of their strategic and financial leadership and track records of value creation and transformation add to the strength and diversity of our board. Their backgrounds and fresh perspectives will serve us well as we continue to position Clorox to win in the marketplace and create long-term value for our stakeholders."
With the appointments of Denman and Plaines, the board of directors has expanded from 11 members to 13, and the directors are now 46% female and 30% people of color. These additions align with Clorox's commitment to ongoing board refreshment to ensure a strong balance of qualifications, experience, diversity and tenure.
Both Denman and Plaines are expected to serve on the audit committee.
Additional information about The Clorox Company board of directors can be found at www.thecloroxcompany.com.
The Clorox Company
The Clorox Company (NYSE: CLX) is a leading multinational manufacturer and marketer of consumer and professional products with about 9,000 employees worldwide and fiscal year 2021 sales of $7.3 billion. Clorox markets some of the most trusted and recognized consumer brand names, including its namesake bleach and cleaning products; Pine-Sol® cleaners; Liquid-Plumr® clog removers; Poett® home care products; Fresh Step® cat litter; Glad® bags and wraps; Kingsford® grilling products; Hidden Valley® dressings and sauces; Brita® water-filtration products; Burt's Bees® natural personal care products; and RenewLife®, Rainbow Light®, Natural Vitality CALM™, and NeoCell® vitamins, minerals and supplements. The company also markets industry-leading products and technologies for professional customers, including those sold under the CloroxPro™ and Clorox Healthcare® brand names. More than 80% of the company's sales are generated from brands that hold the No. 1 or No. 2 market share positions in their categories.
Clorox is a signatory of the United Nations Global Compact and the Ellen MacArthur Foundation's New Plastics Economy Global Commitment. The company has been broadly recognized for its corporate responsibility efforts, included on the Barron's 2022 100 Most Sustainable Companies list, 2022 Bloomberg Gender-Equality Index, the Human Rights Campaign's 2022 Corporate Equality Index and the 2021 Parity.org Best Places for Women to Advance list, among others. In support of its communities, The Clorox Company and its foundations contributed about $20 million in combined cash grants, product donations and cause marketing in fiscal year 2021. For more information, visit TheCloroxCompany.com and follow the company on Twitter at @CloroxCo.
CLX-F
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SOURCE The Clorox Company | https://www.kxii.com/prnewswire/2022/05/18/clorox-announces-appointment-julia-denman-stephanie-plaines-its-board-directors/ | 2022-05-18T21:20:26Z |
TORONTO, April 25, 2022 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) today announced that it will report its first quarter 2022 financial results via news release on Thursday, May 5, 2022 at 5:05 p.m. ET.
Concurrent with the dissemination of its quarterly financial results news release 5:05 p.m. ET on Thursday, May 5, 2022, management's pre-recorded audio commentary (and transcript), discussing the quarter and outlook for the Company, will be posted to the Tucows website at http://www.tucows.com/investors/financials.
Following management's prepared commentary, for the subsequent eight days (until Friday, May 13), shareholders, analysts and prospective investors can submit questions to Tucows' management at ir@tucows.com. Management will post responses to questions of general interest (audio recording and transcript) to the Company's website at http://www.tucows.com/investors/financials/ on Wednesday, May 25, at approximately 4 pm ET. All questions will receive a response, however, questions of a more specific nature may be responded to directly.
Tucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting (https://ting.com/internet) delivers fixed fiber Internet access with outstanding customer support. Wavelo (http://wavelo.com) is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access, provisioning, billing and subscription, developer tools, and more. OpenSRS (https://opensrs.com), Enom (https://www.enom.com) and Ascio (https://ascio.com) combined manage approximately 25 million domain names and millions of value-added services through a global reseller network of over 35,000 web hosts and ISPs. Hover (https://hover.com) makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows' corporate website (https://tucows.com).
Tucows, Ting, Wavelo, OpenSRS, Enom, Ascio and Hover are registered trademarks of Tucows Inc. or its subsidiaries.
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SOURCE Tucows Inc. | https://www.mysuncoast.com/prnewswire/2022/04/25/tucows-announces-timing-q1-2022-financial-results-news-release-management-commentary-thursday-may-5-2022-505-pm-et/ | 2022-04-25T12:02:23Z |
Catch some waves with Texas Game Wardens as they prepare for Memorial Day weekend
LAKE TEXOMA, Texas (KXII) - Although for many Texomans, lake season has started weeks ago, but the official start to the water season is Memorial Day weekend, and with more boaters on the water, means more patrol on the water as well.
It’s the Friday before Memorial Day which means one thing, lake season is now officially here, and News 12 got an inside look of what you can expect this weekend.
“That’s one of the number one things we are looking for is making sure there is enough wearable life jackets for the appropriate number of people on a boat and also making sure that children under the age of 13 have their life jackets on while they’re on the boat while it’s underway,” Texas State Game Warden Daron Blackerby said.
With Memorial Day weekend being the beginning of lake season, Texas State Game Wardens start to prepare for how this water season will go.
“It’s the first time they can get out here for summer break cause everybody is off and it’s a holiday weekend and you get people off from work and usually off on Monday’s and they come out to the lake to have a good time,” Blackerby said.
One of the first things Game Wardens will ask for is to see the correct number of life jackets and the boat’s registration.
If a problem arises, a Class C misdemeanor can be given out.
While a Class B misdemeanor will be given out if boating while intoxicated is apparent.
“Make sure they are able to answer those questions so they are able to operate the boat safety and get everybody back home cause that’s the ultimate goal,” Blackerby said.
Blackerby said with the nice weather this weekend, and the memorial day holiday, he expects thousands of people and hundreds of boats on the water.
“I figure this weekend is gonna be pretty eventful weekend for boat traffic and just people out here on Lake Texoma,” Blackerby said.
Texoma has already had three confirmed drowning deaths in the month of May.
Stay safe, stay smart, and have fun this lake season.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/05/28/catch-some-waves-with-texas-game-wardens-they-prepare-memorial-day-weekend/ | 2022-05-28T02:51:49Z |
Delivers solid second quarter results with high teens New Equipment order growth, mid-single digit organic Service sales growth and low teens adjusted EPS growth
- 2Q Net sales down 5.8% and organic sales up 0.4%. GAAP EPS ~flat and adjusted EPS up 11.7%
- 2Q New Equipment orders up 16.5%; NE backlog up 6%, adjusted backlog up 10% at constant currency
- 2Q Maintenance portfolio units were up nearly 3.5%
- YTD GAAP cash flow from operations of $857 million; free cash flow of $800 million, or 127% of net income
- Completed the delisting of Zardoya Otis and reached an agreement to divest our Russia business with closing expected imminently
- Revised full-year outlook1 with organic sales up 2.5 to 3.5%, adjusted EPS of $3.17 to $3.21 and free cash flow of ~$1.6 billion
FARMINGTON, Conn., July 27, 2022 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported second quarter 2022 net sales of $3.5 billion with 0.4% organic growth. GAAP diluted earnings per share (EPS) of $0.76 was flat versus the prior year and adjusted EPS increased 11.7% to $0.86.
"Otis completed a strong first half, delivering a solid second quarter with record New Equipment orders and the best maintenance portfolio growth in over a decade. We grew adjusted EPS low teens, driven by strong organic growth in the Service business and productivity performance in both segments that helped to overcome the impact of lockdowns in China, higher commodity prices and significant headwinds from the strengthening of the US Dollar," said Judy Marks, Chair, CEO & President. "Looking ahead, we expect to deliver 2.5 to 3.5% organic sales growth, high single digit adjusted EPS growth and $1.6 billion in free cash flow in 2022. We'll continue to advance our long-term strategy and drive operational execution to set a strong foundation for continued performance in 2023 and beyond."
Key Figures
Second quarter net sales of $3.5 billion decreased 5.8% versus the prior year with a 0.4% increase in organic sales that was more than offset by a 5.3% headwind from foreign exchange.
Second quarter GAAP operating profit of $487 million decreased $74 million and adjusted operating profit of $541 million decreased $21 million. Excluding a $37 million impact from foreign exchange translation, operating profit increased $16 million driven by strong Service segment performance and lower corporate costs, partially offset by operating profit decline in New Equipment. GAAP operating profit margin contracted 120 basis points to 14.0% and adjusted operating profit margin expanded 20 basis points to 15.7%, driven by margin expansion in Service.
GAAP EPS of $0.76 was flat compared to prior year and adjusted EPS of $0.86 increased 11.7% or $0.09 as the benefit from operational improvement, continued progress on reducing the effective tax rate, a lower share count and the Zardoya transaction, was partially offset by a $0.06 headwind from foreign exchange translation. GAAP EPS was also impacted by non-recurring charges and operational performance of the Russia business, and higher restructuring expense.
First half net sales decreased 2.9% from a 1.6% increase in organic sales more than offset by a 4.1% headwind from foreign exchange. GAAP and adjusted operating profit decreased $57 million and $7 million, respectively. Adjusted operating profit was up $50 million at constant currency. GAAP operating profit margin contracted 40 basis points and adjusted operating profit margin expanded 30 basis points.
New Equipment
In the second quarter, net sales of $1.5 billion decreased 11.2% with a 5.0% decrease in organic sales and a 3.8% headwind from foreign exchange. Organic sales growth of high single digits in Asia Pacific and low single digits in EMEA was more than offset by mid-single digit decline in the Americas and low teens decline in China.
GAAP operating profit of $99 million decreased $48 million and adjusted operating profit of $113 million decreased $29 million as material and installation productivity and reductions in SG&A expense was more than offset by the impact from lower volume, including related under absorption, and $35 million of commodity headwinds. GAAP operating profit was also impacted by non-recurring charges and operational performance of the Russia business, and higher restructuring expense. GAAP operating profit margin contracted 200 basis points to 6.5% and adjusted operating profit margin contracted 100 basis points to 7.5%.
New Equipment orders were up 16.5%, at constant currency as more than 50% growth in the Americas and ~30% growth in EMEA was partially offset by mid-single digit decline in Asia. New equipment backlog increased 6% and adjusted backlog increased 10% at constant currency, with growth in all regions.
First half net sales decreased 7.2% with a 3.2% decrease in organic sales and a 2.7% headwind from foreign exchange. GAAP operating profit decreased $59 million and adjusted operating profit decreased $34 million as productivity and lower bad debt expense was more than offset by the impact from lower volume, including related under absorption, and more than $70 million in commodity headwinds. GAAP and adjusted operating profit margin contracted 140 basis points and 70 basis points, respectively.
Service
In the second quarter, net sales of $2.0 billion decreased 1.0% with a 5.2% increase in organic sales and a 6.5% headwind from foreign exchange. Organic maintenance and repair sales increased 4.9% and organic modernization sales increased 6.4%.
GAAP operating profit of $435 million decreased $6 million. Adjusted operating profit of $449 million increased $39 million at constant currency driven by higher volume, favorable pricing and productivity, partially offset by annual wage inflation. GAAP operating profit margin was flat versus prior year and adjusted operating profit margin expanded 50 basis points to 23.1%.
First half net sales increased 0.6% with a 5.5% increase in organic sales and a 5.1% headwind from foreign exchange. GAAP operating profit increased $11 million and adjusted operating profit increased $21 million and $79 million at constant currency, driven by higher volume, favorable pricing and productivity, partially offset by annual wage inflation. GAAP and adjusted operating profit margin expanded 20 basis points and 40 basis points, respectively.
Cash flow
Second quarter cash from operations of $353 million decreased $180 million and free cash flow of $326 million decreased $167 million versus prior year, primarily from the timing of interest and separation related tax payments.
2022 Outlook1
Otis is revising its full year outlook:
- Adjusted net sales of $13.6 to $13.8 billion, down 2 to 3%
- Organic sales up 2.5 to 3.5%
- Adjusted operating profit of $2.1 to $2.2 billion, up $120 to $150 million at constant currency; up $5 million to down $25 million at actual currency
- Adjusted EPS of $3.17 to $3.21, up 7 to 9%; adjusted effective tax rate of 26.5 to 26.7%
- Free cash flow of ~$1.6 billion with conversion of approximately 125% of GAAP net income
1Note: When we provide outlook for organic sales, adjusted operating profit, adjusted effective tax rate and free cash flow on a forward-looking basis, a reconciliation of the differences between the non-GAAP expectations and the corresponding GAAP measures generally is not available without unreasonable effort. See "Use and Definitions of Non-GAAP Financial Measures" below for additional information.
About Otis
Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2 billion people a day and maintain more than 2.1 million customer units worldwide, the industry's largest maintenance portfolio. Headquartered in Connecticut, USA, Otis is 70,000 people strong, including 41,000 field professionals, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories worldwide. For more information, visit www.otis.com and follow us on LinkedIn, Instagram, Facebook and Twitter @OtisElevatorCo.
Use and Definitions of Non-GAAP Financial Measures
Otis Worldwide Corporation ("Otis") reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). We supplement the reporting of our financial information determined under GAAP with certain non-GAAP financial information. The non-GAAP information presented provides investors with additional useful information, but should not be considered in isolation or as substitutes for the related GAAP measures. Moreover, other companies may define non-GAAP measures differently, which limits the usefulness of these measures for comparisons with such other companies. We encourage investors to review our financial statements and publicly filed reports in their entirety and not to rely on any single financial measure. A reconciliation of the non-GAAP measures (referenced in this press release) to the corresponding amounts prepared in accordance with GAAP appears in the attached tables. These tables provide additional information as to the items and amounts that have been excluded from the adjusted measures.
Adjusted net sales, organic sales, adjusted selling, general and administrative ("SG&A") expense, adjusted operating profit, adjusted net income, adjusted diluted earnings per share ("EPS"), adjusted effective tax rate, adjusted remaining performance obligation ("RPO"), constant currency and free cash flow are non-GAAP financial measures.
Adjusted net sales represents net sales (a GAAP measure), excluding significant items of a non-recurring and/or nonoperational nature ("other significant items").
Organic sales represents consolidated net sales (a GAAP measure), excluding the impact of foreign currency translation, acquisitions and divestitures completed in the preceding twelve months and other significant items. Management believes organic sales is a useful measure in providing period-to-period comparisons of the results of the Company's ongoing operational performance.
Adjusted SG&A expense represents SG&A expense (a GAAP measure), excluding restructuring costs and other significant items.
Adjusted general corporate expenses and other represents general corporate expenses and other (a GAAP measure), excluding restructuring costs and other significant items.
Adjusted operating profit represents income from continuing operations (a GAAP measure), excluding restructuring costs and other significant items.
Adjusted net interest expense represents net interest expense (a GAAP measure), adjusted for the impacts of non-recurring acquisition related financing costs and related net interest expense pending the completion of a transaction.
The adjusted effective tax rate represents the effective tax rate (a GAAP measure) adjusted for other significant items and the tax impact of restructuring costs and other significant items.
Adjusted net income represents net income attributable to Otis Worldwide Corporation (a GAAP measure), excluding restructuring costs and other significant items, adjusted net interest expense and adjusted effective tax expense. Adjusted EPS represents diluted earnings per share from attributable to common shareholders (a GAAP measure), adjusted for the per share impact of restructuring and other significant items.
Adjusted RPO represents RPO (a GAAP measure) excluding other significant items.
Management believes that adjusted net sales, organic sales, adjusted SG&A, adjusted general corporate expenses and other, adjusted operating profit, adjusted net income, adjusted EPS, the adjusted effective tax rate and adjusted RPO are useful measures in providing period-to-period comparisons of the results of the Company's ongoing operational performance.
Additionally, GAAP financial results include the impact of changes in foreign currency exchange rates ("AFX"). We use the non-GAAP measure "at constant currency" or "CFX" to show changes in our financial results without giving effect to period-to-period currency fluctuations. Under U.S. GAAP, income statement results are translated in U.S. dollars at the average exchange rate for the period presented. Management believes that this non-GAAP measure is useful in providing period-to-period comparisons of the results of the Company's ongoing operational performance.
Free cash flow is a non-GAAP financial measure that represents cash flow from operations (a GAAP measure) less capital expenditures. Management believes free cash flow is a useful measure of liquidity and an additional basis for assessing Otis' ability to fund its activities, including the financing of acquisitions, debt service, repurchases of common stock and distribution of earnings to shareholders.
When we provide our expectations for adjusted net sales, organic sales, adjusted operating profit, adjusted net income, adjusted effective tax rate, adjusted EPS and free cash flow on a forward-looking basis, a reconciliation of the differences between the non-GAAP expectations and the corresponding GAAP measures (expected diluted EPS from continuing operations, operating profit, the effective tax rate, net sales and expected cash flow from operations) generally is not available without unreasonable effort due to potentially high variability, complexity and low visibility as to the items that would be excluded from the GAAP measure in the relevant future period, such as unusual gains and losses, the ultimate outcome of pending litigation, fluctuations in foreign currency exchange rates, the impact and timing of potential acquisitions and divestitures, and other structural changes or their probable significance. The variability of the excluded items may have a significant, and potentially unpredictable, impact on our future GAAP results.
Cautionary Statement
This communication contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. From time to time, oral or written forward-looking statements may also be included in other information released to the public. These forward-looking statements are intended to provide management's current expectations or plans for Otis' future operating and financial performance, based on assumptions currently believed to be valid. Forward-looking statements can be identified by the use of words such as "believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target," "anticipate," "will," "should," "see," "guidance," "outlook," "medium-term," "near-term," "confident," "goals" and other words of similar meaning in connection with a discussion of future operating or financial performance, the pending sale of Otis' Russia business, the tender offer by Otis to acquire the remaining issued and outstanding shares of Zardoya Otis, S.A (the "Tender Offer") and the separation (the "Separation") from United Technologies Corporation (now known as Raytheon Technologies Corporation ("RTX")). Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, dividends, share repurchases, tax rates, research & development spend, credit ratings, net indebtedness and other measures of financial performance or potential future plans, strategies or transactions of Otis, including the sale of its Russia business, statements that relate to climate change and our intent to achieve certain environmental, social and governance targets or goals, including operational impacts and costs associated therewith, and other statements that are not historical facts. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. For those statements, Otis claims the protection of the safe harbor for forward-looking statements contained in the U.S. Private Securities Litigation Reform Act of 1995. Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which Otis and its businesses operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction, pandemic health issues (including COVID-19 and variants thereof and the ongoing economic recovery therefrom and their effects on, among other things, global supply, demand and distribution), natural disasters, whether as a result of climate change or otherwise, and the financial condition of Otis' customers and suppliers; (2) the effect of changes in political conditions in the U.S. and other countries in which Otis and its businesses operate, including the effects of the ongoing conflict between Russia and Ukraine and related sanctions and export controls, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (3) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (4) future levels of indebtedness, capital spending and research and development spending; (5) future availability of credit and factors that may affect such availability, credit market conditions and Otis' capital structure; (6) the timing and scope of future repurchases of Otis' common stock ("Common Stock"), which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash; (7) fluctuations in prices and delays and disruption in delivery of materials and services from suppliers, whether as a result of COVID-19, the ongoing conflict between Russia and Ukraine or otherwise; (8) cost reduction or containment actions, restructuring costs and related savings and other consequences thereof; (9) new business and investment opportunities; (10) the outcome of legal proceedings, investigations and other contingencies; (11) pension plan assumptions and future contributions; (12) the impact of the negotiation of collective bargaining agreements and labor disputes; (13) the effect of changes in tax, environmental, regulatory (including among other things import/export) and other laws and regulations in the U.S. and other countries in which Otis and its businesses operate, including as a result of the ongoing conflict between Russia and Ukraine; (14) the ability of Otis to retain and hire key personnel; (15) the scope, nature, impact or timing of acquisition and divestiture activity, including the sale of Otis' Russia business, the integration of acquired businesses into existing businesses and realization of synergies and opportunities for growth and innovation and incurrence of related costs; (16) the ability to achieve the expected benefits of the Tender Offer and the timing thereof; (17) the ability to achieve the expected benefits of the Separation; (18) the determination by the Internal Revenue Service and other tax authorities that the distribution or certain related transactions should be treated as taxable transactions; and (19) the amount of our obligations and nature of our disputes that have or may hereafter arise under the agreements we entered into with RTX and Carrier Corporation in connection with the Separation. The above list of factors is not exhaustive or necessarily in order of importance. For additional information on identifying factors that may cause actual results to vary from those stated in forward-looking statements, see Otis' registration statement on Form 10 and the reports of Otis on Forms 10-K, 10-Q and 8-K filed with or furnished to the SEC from time to time. Any forward-looking statement speaks only as of the date on which it is made, and Otis assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
Media Contact
Katy Padgett
+1-860-674-3047
kathleen.padgett@otis.com
Investor Relations Contact
Michael Rednor
+1-860-676-6011
investor.relations@otis.com
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SOURCE Otis Worldwide Corporation | https://www.mysuncoast.com/prnewswire/2022/07/27/otis-reports-second-quarter-2022-results/ | 2022-07-27T10:42:38Z |
STOCKHOLM, June 3, 2022 /PRNewswire/ -- RaySearch issues a correction of the press release that was sent out at 4 pm CEST on June 3, 2022. The correction refers to the fact that the date of sale of shares should have been May 31, 2022.
The complete corrected press release:
RaySearch's founder and CEO, Johan Löf, sold 300,000 Class B shares in RaySearch Laboratories (publ) AB on May 31, 2022. Johan Löf remains a long-term shareholder of RaySearch. After the transaction, Johan Löf owns 6,243,084 Class A shares and 13,393 Class B shares, corresponding to 18.3 percent of the total numer of shares and 56.6 percent of the total number of votes in the company.
Johan Löf, founder and CEO, RaySearch, says: "Due to private financial reasons I have decided to sell a small portion of my holding in RaySearch. I remain committed with continued strong confidence in RaySearch's future. We have many exciting opprtunities ahead of us and I look forward to leading and developing RaySearch towards our strategic goals."
The transaction has been reported to The Swedish Financial Supervisory Authority (Finansinspektionen) according to current regulations.
CONTACT:
For more information, please contact:
Johan Löf, founder and CEO, RaySearch Laboratories AB (publ)
Telephone: +46 (0) 8 510 530 00
johan.lof@raysearchlabs.com
Björn Hårdemark, interim CFO, RaySearch Laboratories AB (publ)
Telephone: +46 (0) 709 564 217
bjorn.hardemark@raysearchlabs.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
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SOURCE RaySearch Laboratories | https://www.kxii.com/prnewswire/2022/06/03/correction-press-release-wrong-date-earlier-press-release-raysearchs-ceo-sells-shares-remains-long-term-shareholder/ | 2022-06-03T17:50:28Z |
Which Adidas football cleats are best?
When you think of football gear, you probably think of helmets and shoulder pads first. It’s a violent game, after all, and the body needs protection. But without good football cleats, players wouldn’t be able to make the speedy, dexterous plays necessary to win. Adidas offers a range of good-quality cleats for reasonable prices.
The best Adidas cleats are the Adidas Freak Ultra 22 Football Cleats. They provide maximum ankle support with a laceless design so you never have to retie your cleats again.
What to know before you buy Adidas football cleats
Football cleat parts
By understanding the parts of a football cleat, you can choose one that perfectly fits your needs.
- Upper: This is everything that touches the top of your foot. It includes the tongue, and laces if it uses them. It should be durable enough to handle intense contact but breathable enough so as not to lead to excess sweating.
- Outsole: This holds your studs. It should be the toughest part of the cleat, with just enough give to follow the natural flexibility of the foot.
- Midsole: This connects the upper to the outsole. It should balance flexibility with stiffness and provide enough cushioning, all to protect and support your foot.
Ankle length
Adidas cleats come in three ankle lengths.
- Low ankles offer no ankle support but provide the highest range of motion. Wear them if you want to be able to change your direction on a dime, but remember to watch your ankles.
- High ankles are the opposite, offering maximum ankle support in return for restricted movement. These are integral for players who need to protect their ankles and are especially good for players on the line of scrimmage.
- Mid ankles are for everyone in between, offering a good balance of freedom of movement and ankle support.
What to look for in quality Adidas football cleats
Stud types
Adidas uses two types of studs in its cleats for play on natural or artificial fields.
- Long, narrow studs work best on natural fields. These studs are better able to pierce into the ground for more traction. They’re especially important when playing on soggy or muddy fields.
- Short, wide studs work best on artificial fields. They offer more space for gripping and provide extra traction since there’s nothing to pierce.
Color
Football is almost as much about personality and presentation as it is about playing the game. Adidas understands this and offers a huge range of colors so you can flash some of your personality while you speed to your next touchdown.
How much you can expect to spend on Adidas football cleats
They typically cost $50-$200. Budget cleats and those for kids usually cost $50. Average Adidas cleats cost $100, with the best ones costing $120 and up.
Adidas football cleats FAQ
Does Adidas make football cleats for women?
A. No, but those who wear women’s sizes can wear men’s sizes — just subtract 1.5 sizes from the women’s size to find the men’s size most likely to fit. You may still need to try a few on to find a good fit, and keep in mind that men’s sizes are typically wider than women’s.
Do I need more than one pair of football cleats?
A. That depends on how often you play and practice. If you just play flag football here and there, one pair should be plenty. If you’re part of a dedicated team it’s a good idea to have one pair for practice and another for games — just remember to use the same model, so there’s no change in your performance.
Can I use cleats not meant for football when playing?
A. That depends on the situation. If you’re meeting friends for a casual game, you should be fine, but anything semi-serious requires football cleats. This is because each sport that uses cleats has different requirements, reflected in their design. Football cleats, for example, have a stud on the toe tip for extra traction that soccer cleats lack to avoid affecting your kicks.
What are the best Adidas football cleats to buy?
Top Adidas football cleats
Adidas Men’s Freak Ultra 22 Football Cleats
What you need to know: These cleats are sleek and provide plenty of ankle support.
What you’ll love: Adidas’ Boost midsole adds some comfort and helps transfer the energy of impact into forward momentum. Heel and tongue tabs make it easy to put on and take off but tightly seal around the foot to prevent slipping. The gold or silver on white designs is eye-catching.
What you should consider: Players who rely on fancy footwork may dislike the movement restriction caused by the high ankle. The lack of laces means there’s no way to adjust fit.
Where to buy: Sold by Dick’s Sporting Goods
Top Adidas football cleats for the money
Adidas Kids’ Freak Spark Mid Football Cleats
What you need to know: These are the perfect low-budget cleats for kids trying out the sport.
What you’ll love: Portions of the cleat are made with recycled materials to limit the environmental impact of production. The upper is synthetic with a padded mesh tongue for solid durability and breathability. A padded bounce midsole runs the length of the cleat for extra comfort.
What you should consider: These run a little big and wide — don’t be tempted to let your kids grow into them, as loose cleats can lead to ankle damage.
Where to buy: Sold by Dick’s Sporting Goods
Worth checking out
Adidas Men’s Adizero Big Mood Football Cleats
What you need to know: These are excellent all-around cleats for players who switch positions.
What you’ll love: A thermoplastic urethane outsole helps with durability and traction. TPU layering in the upper offers some sturdiness, while mesh in the upper increases breathability. They come in black and a vibrant green or orange.
What you should consider: A few purchasers noted these cleats as being heavier than most. Others had issues with seams in the heel causing discomfort.
Where to buy: Sold by Dick’s Sporting Goods
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/sports-fitness-br/football-br/best-adidas-football-cleats/ | 2022-06-28T08:31:13Z |
Johnny Depp says he was demeaned, berated by Amber Heard
FAIRFAX, Va. (AP) — Actor Johnny Depp scoffed at the notion during court testimony Wednesday that his constant quarrels with ex-wife Amber Heard would ever prompt him to hit her.
“Violence isn’t necessary,” he said from the stand during his libel lawsuit against Heard. “Why would you hit someone to make them agree with you?”
Heard has accused Depp of physically and sexually assaulting her on multiple occasions before and during their brief marriage. Depp sued after Heard made an indirect reference to those accusations in a 2018 op-ed piece she wrote for The Washington Post.
Depp began to address Heard’s accusations in detail Wednesday. Heard has said the first time she was assaulted was when Depp slapped her in 2013 after she made fun of a tattoo he had — one that used to say “Winona Forever” when he was dating the actress Winona Ryder that he altered to “Wino Forever” after they broke up.
“It didn’t happen,” he said of the alleged assault. “Why would I take such great offense to someone making fun of a tattoo on my body? That allegation never made any sense to me.”
Later, he addressed an alleged assault on a private plane flight in 2014 from Boston to Los Angeles when he was filming the movie “Black Mass.” Heard has said Depp became blackout intoxicated and assaulted her on the plane ride.
Depp testified he took two roxycodone pills — an opiate to which he admits he was addicted at the time — and locked himself in the plane bathroom and fell asleep to avoid her badgering.
He took great lengths to explain the difference between falling asleep on opiates and blacking out on alcohol, and insisted throughout his testimony that he was never addicted to booze.
Generally, Heard had a “need for conflict, a need for violence” that “erupts out of nowhere,” Depp told the jurors. “And the only thing I learned to do with it is exactly what I did as a child: retreat.”
Most of Depp’s Day 1 testimony in Fairfax County Circuit Court focused on his descriptions of a difficult childhood, his rise to fame as an actor after an aborted music career and his early relationship with Heard after meeting her on the 2011 film “The Rum Diary.” The two married in 2015, and she filed for divorce a year later.
Taking the stand for a second day, Depp said things began to change in his marriage when he felt that he “was suddenly just wrong about everything” in Heard’s eyes.
Depp said that Heard made little digs at him to demean him. The insults escalated into full-fledged circular arguments from which there was “no way in or out,” Depp said.
“It was sort of a rapid fire, sort of endless parade of insults,” he said.
He added: “Ms. Heard was unable to be wrong. It just didn’t happen. She couldn’t be wrong.”
He said he was constantly being told about how wrong he was about various aspects of his life, including his 30-year acting career.
“I was sort of not allowed to be right,” he said. “Not allowed to have a voice.”
Violence would often ensue, sometimes with a slap or a shove from Heard, or his wife throwing a television remote control or a glass of wine in his face, Depp said.
“There were times when I would just go and lock myself in the bathroom or a place where she couldn’t get to,” Depp said.
“Why did I stay? I stayed I suppose because my father stayed (with my mother) … I didn’t want to fail,” Depp said. “I wanted to try to make it work. I thought maybe I could help her. I thought maybe I could bring her around.”
Depp said he used drugs and drank alcohol as a way to cope with Heard’s abuse and said she was also a heavy drinker.
He added: “I had to have something to distance me and distance my heart from those verbal attacks. I had to have something to be able to maintain me.”
Depp said he at one point stopped drinking to try to save the relationship. But Depp said Heard refused to abstain, even when he asked her to help him in his sobriety.
Depp sued Heard after she wrote a 2018 op-ed piece in The Washington Post in which she referred to herself as a “public figure representing domestic abuse.”
She never mentioned Depp by name, but Depp and his lawyers said it was a clear reference to accusations Heard made in 2016 when the couple divorced and she sought a restraining order against him.
Depp said the accusations and the article contributed to an unfairly ruined reputation that made him a Hollywood pariah and cost him his role in the lucrative “Pirates of the Caribbean” movie franchise.
Heard’s lawyers say the article is accurate and does not defame him. They say Depp’s ruined reputation is the result of his own bad behavior, including drug and alcohol abuse.
On the stand Tuesday, Depp called the accusations of drug addiction “grossly embellished,” though he acknowledged trying every drug known to man and that he started abusing medication at age 11 when he snuck his mother’s “nerve pills.”
His testimony Tuesday featured long, stream-of-consciousness responses to his lawyer’s questions, often wandering well beyond what he was asked.
___
Finley reported from Norfolk, Virginia.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/04/20/johnny-depp-says-he-was-demeaned-berated-by-amber-heard/ | 2022-04-20T16:33:04Z |
MIAMI (AP) — A major effort backed by Democratic fundraisers to purchase Spanish-language radio stations is stirring up opposition in Miami, where Cuban exiles describe it as an attempt to stifle conservative voices in markets where Democrats have lost ground.
The Latino Media Network, a startup founded by two political strategists who worked for President Barack Obama and Hillary Clinton’s presidential campaign, reached a $60 million deal to acquire 18 AM and FM stations in ten U.S. cities from Televisa/Univision. The agreement announced June 3 still needs Federal Communications Commission approval.
These markets are diverse — Hispanics with roots all over Latin America listen to the stations in Los Angeles, New York, Miami, Houston, Chicago, Dallas, San Antonio, McAllen, Fresno and Las Vegas, including some Hispanic communities where Democrats have lost ground to Republicans.
The network said it “will focus on creating content that addresses the different cultural and political nuances that impact different types of Latinos.”
But the deal isn’t going over well in Miami, where Radio Mambi is popular among hardline Cuban exiles.
“We would need to be deaf and blind not to understand the motives behind this buyout,” Irina Vilariño, who co-owns a chain of Cuban restaurants in South Florida, said at a news conference held by a coalition called the Assembly of the Cuban Resistance.
The network has raised a total of $80 million from high-profile investors such as actress Eva Longoria, who is also a Democratic political activist, and former Florida Republican Party chairman Al Cardenas, now a critic of former President Donald Trump. The debt involved is financed by Lakestar Finance LLC, a company affiliated with Democratic mega-donor George Soros.
The deal has been harshly criticized by Republicans in Florida, from the Cuban American House delegation to U.S. Sen. Marco Rubio and Gov. Ron DeSantis. Coalition members said they are exploring legal ways to contest the takeover.
Democrats have pointed to some shows on Radio Mambi and other Spanish-language radio stations when raising concerns about disinformation, especially following the Jan. 6 insurrection at the U.S. Capitol. Republicans say those accusations are used to distract from the Democrats’ lackluster performance among Hispanic voters in South Florida and Texas in the 2020 election.
Stephanie Valencia, who helped lead Obama’s White House Office of Public Engagement, co-founded the Latino Media Network. The Latina strategist heard about four or five months ago that TelevisaUnivision had plans to sell radio stations. TelevisaUnivision said in a statement it met with dozens of potential buyers.
“We did not want to miss that opportunity to obtain such a large number all at once and keep them in Latino hands,” Valencia told The Associated Press, adding that other interested parties did not appear to have Latino programming.
Valencia said she wants to ensure a smooth transition.
“We are going to be looking at this from a business perspective. How do we maintain the spirit of what these stations are? How do we balance journalistic integrity and ensure we build spaces for free speech?” she said.
One of the most popular commentators, Ninoska Perez, a fervent Trump supporter, has assured listeners that they have been told there would be no major changes.
Martha Flores, who hosts an evening show on Radio Mambi, isn’t sure about that. She attended the news conference but declined to speak.
“Look at this,” Flores said, pointing at her eyes watering. “I know I would just cry.”
Radio Mambi got its start in the 1980s with support from the Reagan administration and has long received federal funding to beam Radio Marti’s anti-communist content into Cuba for an hour after midnight each morning. Cuba, in turn, tries to jam the station’s signal from reaching the island.
Cubans in Miami recall growing up listening to the station in the kitchen or while in the car. Lieutenant Gov. Jeanette Nunez shared at the news conference that as a girl she would she would hear it so much that she get annoyed with her father.
“Why do I have to listen to this?” Nunez said she would tell her father while he drove her to school. “He insisted. He would never let me change the dial,” Nunez said, adding that she later followed the same tradition with her own daughter.
The group still has to file with the FCC to transfer the broadcast licenses. A public comment period will follow. If approved, the startup would take full ownership in late 2023, after a one-year transition period. | https://cw33.com/entertainment-news/ap-entertainment/miami-cubans-oppose-democrats-spanish-language-radio-deal/ | 2022-06-10T14:21:45Z |
Newly released results show the Presence of Mind initiative can be an effective way to deliver mental health information to a young adult, at-risk group.
OAKLAND, Calif., May 18, 2022 /PRNewswire/ -- A first-of-its-kind mental health initiative developed by Kaiser Permanente and esports organization Cloud9 has been found to be an effective way of supporting the mental health of young adult esports players and fans, according to a new study published today in NEJM Catalyst.
Presence of Mind launched in May 2020 with the goal of reaching teens and young adults with positive mental health messages in places where they spend a lot of their time: online gaming and esports platforms. The initiative includes two seasons of live Twitch Stream series featuring prominent players; mental health experts and influencers; creator-led YouTube video content from some of esports' favorite players sharing insights, positivity, and personal mental health messages; and a series of free, online interactive training sessions to help address critical mental health issues. As of May 2022, the training sessions have been accessed by more than 51,000 teens and young adult gamers who have learned how to better manage their mental health and support their friends when they need it most.
As part of the initiative, Kaiser Permanente and Cloud9 engaged with PGP (The Public Good Projects), a public health nonprofit responsible for some of the nation's most successful health campaigns. PGP conducted an independent longitudinal study that tracked the program's impact on reducing mental health stigma and measured behavior change within the gaming community. PGP surveyed gamers and esports fans between the ages of 18 and 25 in fall 2020 before they became engaged with Presence of Mind and again in summer 2021.
The study authors found that respondents who engaged with Presence of Mind reported greater understanding of mental health issues than those who had not engaged with the initiative. The study also found that respondents were:
- More than twice as likely to report they knew what advice to give a friend with a mental health condition
- Nearly twice as likely to agree that there has been an improvement in the way the esports community addresses mental health
- Nearly twice as likely to show better attitudes toward mental health treatment, including counseling, medication, and recovery
"Our continued goal with Presence of Mind is to help reduce the stigma of mental health conditions within the communities we serve, share community-developed and clinician-informed mental health and addiction care training resources, and to build a safe and open space for conversations and empathy," said Don Mordecai, MD, Kaiser Permanente's national leader for mental health and wellness. "We are pleased but not surprised with the results of this study showing that engaging with youth and young adults in places where they spend a large portion of their time can help increase their understanding of mental health issues and improve their attitudes toward treatment including counseling and recovery."
"Our study finds that embedding a health care-led mental health initiative within already existing, large-scale professional esports networks can be an effective way of supporting the mental health of young esports players and fans," said Joe Smyser, PhD, chief executive officer, PGP. "We believe these findings fill a gap in the evidence base and demonstrate that this type of initiative is a novel way to reach a predominantly young male audience, which traditionally is less likely to engage in mental health care."
According to the study authors, Presence of Mind is an initiative that can be used as a model for similar partnerships to reach youth audiences such as in sports or music industries, or for expansion to other health topics relevant to young adults. The study authors also state that these findings could help inform future efforts to address mental health in the esports community such as examining ways to include parents as a priority group for messaging.
"We are glad to see real-world evidence that Presence of Mind is helping to drive more open conversations about mental health at Cloud9 and within the gaming community," said Jack Etienne, founder and chief executive officer, Cloud9. "The success of this initiative can show others in our industry and beyond that it is possible to engage youth and young adults with positive mental health conversations and help promote a more inclusive environment for all."
The Presence of Mind initiative with Cloud9 is Kaiser Permanente's latest effort focused on addressing the mental health and wellness needs of its members, communities, and the public. Since 2016, Kaiser Permanente's Find Your Words campaign has helped to tackle the stigma that prevents many people from talking about mental health and wellness. Find Your Words offers a variety of resources including information on how to build resilience and reduce stress, and screening tools to inform further conversations about diagnosis and treatment, and also offers ways to share inspiring stories, videos, and artwork from the site with others.
About PGP
A public health nonprofit, PGP designs the most advanced health communication programs in the world. PGP's programs are conducted in partnership with public and private sector organizations and rigorously evaluated through scientific peer-review. Regardless of the subject or community being served, experts across various disciplines combine best practices with innovative methods to improve health outcomes. To learn more about PGP, visit www.publicgoodprojects.org/.
About Cloud9
Founded in 2013, Cloud9 has grown to become one of the most recognizable esports organizations in the world. With championships industry-wide, unmatched viewership hours, and extensive benefits packages for players and staff, Cloud9 prides itself on being the best in all categories. At this time, Cloud9 fields professional teams in Apex Legends, Chess, Fortnite, Halo, Hearthstone, League of Legends, Overwatch, Super Smash Bros. Melee, Teamfight Tactics, VALORANT, Wild Rift, and World of Warcraft. To find more information about Cloud9, visit www.cloud9.gg.
About Kaiser Permanente
Kaiser Permanente is committed to helping shape the future of health care. We are recognized as one of America's leading health care providers and not-for-profit health plans. Founded in 1945, Kaiser Permanente has a mission to provide high-quality, affordable health care services and to improve the health of our members and the communities we serve. We currently serve 12.6 million members in 8 states and the District of Columbia. Care for members and patients is focused on their total health and guided by their personal Permanente Medical Group physicians, specialists, and team of caregivers. Our expert and caring medical teams are empowered and supported by industry-leading technology advances and tools for health promotion, disease prevention, state-of-the-art care delivery, and world-class chronic disease management. Kaiser Permanente is dedicated to care innovations, clinical research, health education, and the support of community health. For more information, go to about.kp.org.
For more information, contact:
Diana Yee, Diana.M.Yee@kp.org, 510-225-5086
Kira Perdue, kiraperdue@gmail.com, 404-556-0062
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SOURCE Kaiser Permanente | https://www.kxii.com/prnewswire/2022/05/18/study-finds-kaiser-permanente-initiative-improves-mental-health-online-gaming-community/ | 2022-05-18T18:21:10Z |
(NEXSTAR) — From the slew of emotional faces to the countless country flags, there are more than 3,600 emojis on your smartphone. That doesn’t include the roughly two dozen that are expected to become available in the coming months.
Though it likely takes you mere moments to find the perfect emoji to express how you’re feeling, the process of becoming an approved emoji isn’t so easy.
To understand the process, we’ve got to go back over 30 years to the early 1990s. That’s when the Unicode Consortium, now known as Unicode, was started in Silicon Valley. The organization was intended to create a universal character set to be used by our developing technology, with early founders working for Xerox and Apple.
“Unicode decided to create a standard that, thankfully, the majority of the global community adheres to to ensure that the letter A will always be the letter A, across all of our digital devices, all of our Arabic numbers – 1, 2, 3, 4, those symbols – are represented correctly across these devices,” Keith Broni, the editor-in-chief of Emojipedia.org tells Nexstar. Emojipedia serves as both a dictionary and an encyclopedia to research and monitor emojis.
Vendors such as Apple, Google, and Facebook are now members of Unicode and send staff to help run the organization. Apple and Google, according to Broni, were key drivers in Unicode encoding characters that have become well-used in our digital communication: emojis.
In 2010, Unicode encoded its first-ever set of emojis. This included many faces, animals, hand signals, and other more basic characters. These were largely inspired by the sets that already existed in Japanese mobile phones, which were initially created in Japan in the late 1990s (hence why you can find a map of Japan — 🗾 — in your emoji library).
Apple users were among the first to experience the initial round of emojis, according to Broni. Then Google began to support emoji use within Android devices and Samsung began creating its own style of emojis, as did Microsoft.
Technically speaking, an emoji is comprised of a sequence of one or more Unicode characters. But even the most innocent of them — take the otter (🦦) or the VHS tape (📼) — has to go through an intense process before it becomes an emoji on your digital device.
First, Unicode invites the public — meaning you — to propose a new emoji. The proposal process is explained in detail by Unicode here, but selection is basically dependent on whether the image will work at the small size emojis appear as, adds to what can we can communicate, and would likely be used by a large number of people.
A draft list of emojis is expected to be approved by Unicode on September 13, meaning we’ll have new emojis within a few months, if not sooner. One of those is expected to be a plain pink heart emoji.
‘Pink Heart’ has been one of the most requested emojis, Broni says. It should look like the other heart emojis already available, such as the blue (💙) or orange (🧡) hearts.
It’s also important to note that once an emoji has been created and added to our libraries, it will, likely, never be removed. According to Broni, the basis of Unicode is to make our digital text readable by devices around the globe forever, and removing an emoji from our library would make such text unreadable. Emojis can, though, be updated, like the pistol or certain faces.
Regardless of how often they’re updated or how realistic they are, there are some emojis you may never use. Even Unicode Emoji subcommittee chair Jennifer Daniel has said the emoji keyboard can sometimes feel “like a junk drawer.”
“There are certain objects in there that maybe shouldn’t be an emoji, certain symbols, etcetera,” Broni says. This may include the aforementioned VHS tape, a trackball mouse (🖲), or maybe even the DVD (📀). In hindsight, they may be a bit of clutter in our phones, but these have helped Unicode better determine what sort of emojis will be useful further down the road, and whether certain proposed eemojis are worth adding.
If, despite the more than 3,600 emojis already available at your fingertips, there’s one you wish existed — like a desk or peanut butter or a bowl of mashed potatoes — you can make it happen. You may want to check Unicode’s list of emojis that have already been submitted.
Some of the recently proposed and declined ideas include an almond, a marijuana leaf, a solar panel, a wine bottle, and a 3D printer.
Unicode accepts emoji proposals between early April and late July each year. | https://cw33.com/news/nexstar-media-wire/from-the-smiling-face-to-the-vhs-tape-how-an-emoji-becomes-an-emoji/ | 2022-09-10T14:47:40Z |
SOUTHFIELD, Mich., Aug. 10, 2022 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share on the Company's common stock. The dividend is payable on September 20, 2022, to shareholders of record at the close of business on September 1, 2022.
Lear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Lear's diverse team of talented employees in 38 countries is driven by a commitment to innovation, operational excellence, and sustainability. Lear is Making every drive better™ by providing the technology for safer, smarter, and more comfortable journeys. Lear, headquartered in Southfield, Michigan, serves every major automaker in the world and ranks 186 on the Fortune 500. Further information about Lear is available at lear.com or on Twitter @LearCorporation.
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SOURCE Lear Corporation | https://www.mysuncoast.com/prnewswire/2022/08/10/lear-declares-quarterly-cash-dividend/ | 2022-08-10T21:39:33Z |
CHICAGO, July 8, 2022 /PRNewswire/ -- Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired the assets of Shaver-Robichaux Agency, Inc. (Shaver-Robichaux). Terms of the transaction were not disclosed.
Located in Thibodaux and Raceland, Louisiana, Shaver-Robichaux is an independent agency providing commercial and personal insurance solutions, including home, auto, health, life and recreation.
"Shaver-Robichaux is a highly-regarded agency that will add great depth to our team," said Shaun Norris, President of Hub Gulf South. "They will make our strong firm even stronger and deeper. We are very fortunate to have them join Hub."
John Shaver, Principal, and the entire Shaver-Robichaux team will join Hub Gulf South.
"Hub is a perfect fit for us, and we are excited to join a firm with such critical mass to better serve clients," said Shaver. "We will accomplish a lot for our clients as a result of this partnership."
About Hub's M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.
About Hub International
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 14,000 employees in offices located throughout North America, Hub's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow. For more information, please visit www.hubinternational.com.
CONTACT:
Media: Jessica Wiltse
Phone: 312-596-7573
jessica.wiltse@hubinternational.com
M&A: Clark Wormer
Phone: 312-279-4848
Clark.wormer@hubinternational.com
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SOURCE Hub International Limited | https://www.wibw.com/prnewswire/2022/07/08/hub-international-expands-commercial-personal-insurance-capabilities-with-acquisition-assets-shaver-robichaux-agency-inc-louisiana/ | 2022-07-08T13:15:12Z |
TORONTO, Aug. 17, 2022 /PRNewswire/ - McLean & Company, the globally trusted partner of HR and business leaders, has released its newest research-driven resource, titled Implement a Buddy System at Work. This data-backed guide is intended to support HR leaders in building a more consistent and effective way to help onboard new employees. With HR facing ongoing challenges like significant turnover and competition in the talent marketplace, a "buddy system" is an easy-to-implement solution that McLean & Company research indicates is effective at helping new employees acclimate to a new organization and role.
Onboarding is often exciting and stressful for both the new employee and the manager, and new hires often need extra support to settle into a new role. McLean & Company's New Hire Survey Database shows employees are 1.8 times more likely to be engaged when their acclimatization experience is positive compared to those who rate their experience lower.
A buddy is different from a mentor or coach. The term "buddy" refers to the internal tenured employee who assists a new employee in settling in with an organization. The buddy acts as a friendly point of contact to help new employees adjust to their roles during the first few months by providing advice, answering questions, and making introductions.
The research indicates that a buddy system provides ongoing support to new hires after their initial orientation without a significant investment in time or resourcing and can alleviate some of HR's pain points with similar programs.
Buddy system programs offer the following merits:
- Easy to implement with minimal coordination
- Senior-level members freed up for more formal interactions
- No specialized training required to be a buddy
- Flexibility in meeting frequency, duration, and location
For employees, buddy systems are valuable and offer such benefits as:
- An enhanced and more personalized onboarding experience
- Prevention of potential isolation when hired ad hoc rather than in large groups
- Help with the adjustment period as new employees become familiar with team processes and organizational culture
- Networking opportunities and identification of key contacts within the organization
- Improved distribution of the time managers traditionally spends on onboarding
McLean & Company explains that although the implementation of the buddy system and the buddy selection process fall under a manager's list of responsibilities, HR can impact uptake and effectiveness by designing the framework and guiding managers on how to integrate it into their onboarding processes. This framework will ensure that a consistent approach is being applied throughout the organization and that all new employees have access to an additional layer of onboarding support.
The complete Implement a Buddy System at Work guide can be downloaded and viewed now.
To learn more about McLean & Company or to download the latest research, visit hr.mcleanco.com and connect via LinkedIn and Twitter.
Through data-driven insights and proven best-practice methodologies, McLean & Company offers comprehensive resources and full-service assessments, action plans, and training to position organizations to meet today's needs and prepare for the future.
McLean & Company is a division of Info-Tech Research Group.
Media professionals can register for unrestricted access to research across IT, HR, and software and over 200 IT and Industry analysts through the ITRG Media Insiders Program. To gain access, contact pr@mcleanco.com.
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SOURCE Mclean & Company | https://www.wibw.com/prnewswire/2022/08/17/buddy-systems-alleviate-hr-pain-points-improve-new-hire-experience-says-hr-research-firm-mclean-amp-company/ | 2022-08-17T19:46:40Z |
NEW YORK, July 7, 2022 /PRNewswire/ -- Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of MyMD Pharmaceuticals, Inc. (NASDAQ: MYMD).
If you are a shareholder of MyMD Pharmaceuticals, Inc. and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at:
You may also contact Robert H. Lefkowitz, Esq. either via email at rl@pjlfirm.com or by telephone at 212-725-1000. One of our attorneys will personally speak with you about the case at no cost or obligation.
Purcell & Lefkowitz LLP is a law firm exclusively committed to representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty and other types of corporate misconduct. For more information about the firm and its attorneys, please visit http://pjlfirm.com. Attorney advertising. Prior results do not guarantee a similar outcome.
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SOURCE Purcell & Lefkowitz LLP | https://www.wibw.com/prnewswire/2022/07/07/shareholder-alert-purcell-amp-lefkowitz-llp-is-investigating-mymd-pharmaceuticals-inc-potential-breaches-fiduciary-duty-by-its-board-directors/ | 2022-07-07T18:43:51Z |
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The organizations, which make up the Corporate Racial Equity Alliance, are working to transform how the private sector advances equity.
WASHINGTON, April 8, 2022 /PRNewswire/ -- The Corporate Racial Equity Alliance launched an effort Tuesday to garner public feedback on how the private sector can most effectively advance racial and economic equity.
Founded by PolicyLink, FSG, and JUST Capital, the Alliance is undertaking a multiyear effort to develop standards for how businesses can further racial and economic equity, including new common disclosure standards, with performance indicators and metrics to help businesses, investors, workers, consumers, and others more easily track and measure their progress.
The Alliance's latest report outlines the scope and structure of the new framework and invites the public to lend their voice and help shape the standards that will set new norms for equity in the private sector. Core to their development process is engaging a broad array of stakeholders to help shape the standards. In conjunction with the release, the Alliance is launching a 60-day public comment period to get broad stakeholder feedback on the scope and structure of the standards. Members of the public—including equity advocates, community leaders, workers, young people, under- or unemployed people, consumers, investors, businesses, standards setters, public leaders, and business affinity organizations—can learn more about how to get involved and share their insights through June 3, 2022.
Adopting new policies and practices that advance racial and economic equity—defined as just and fair inclusion into a society where all can participate, prosper, and reach their full potential—is a business imperative. A recent JUST Capital survey showed that 84% of Americans agree that companies "often hide behind public declarations of support for stakeholders but don't walk the walk." On top of this, nearly 100 million people in America—one in three—struggle to make ends meet and are locked out of equal opportunities to thrive. This is the everyday reality for over 40 percent of people of color and nearly 25 percent of white people in America. Globally, widening inequality and racial and ethnic discrimination are no less serious – threatening peace, social cohesion, and economic stability.
Businesses of all sizes, in all industries, have an important role to play in the pursuit of equity. To maximize their impact, businesses need a shared language and approach to ensure investments in equity actually translate into equitable outcomes. The Alliance exists to develop resources and support for companies to become champions of racial and economic equity.
"The public is calling for true accountability. Never before has there been so much potential for structural transformation that can finally benefit all people," said Mahlet Getachew, Managing Director of Corporate Racial Equity for PolicyLink. "A sustainable future demands new business models and ways of operating today that do not perpetuate harm to people of color and low-income communities, no less than demands for preserving and protecting our planet."
The Alliance's performance standards framework is a way for companies to walk the walk and builds on the 2021 CEO Blueprint for Racial Equity. The CEO Blueprint offers a path forward for business leaders to realize racial equity beyond diversity and inclusion commitments, enable corporations to better understand their impact on racial equity and develop policies and practices to achieve equitable outcomes. Engaging the public in the development of the corporate standards will ensure that the indicators and performance targets built are comprehensive, actionable, and have the power to lead to the achievement of racial and economic equity.
"In the midst of ever-increasing economic, social, and environmental challenges, a growing chorus of stakeholders across the globe is coalescing around reimagining capitalism to serve all people," said Ashley Marchand Orme, Director of Corporate Equity for JUST Capital. "Our ongoing polling and research analysis shows that companies are making progress, but need common standards to accelerate action, measurement, and accountability to ensure we're building a more just and equitable future."
"Corporations are uniquely positioned to use their resources and business strategies to address the profound social and economic risks presented by inequality. Companies who seek to be leaders for equity are realizing that this requires more than an initiative or set of commitments – it means making equity everyone's job," said Kendra Berenson, Associate Director at FSG. "The goal is to make racial and economic equity part of the DNA of each company and that means orienting towards a new set of norms for equitable business."
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SOURCE PolicyLink | https://www.mysuncoast.com/prnewswire/2022/04/08/policylink-fsg-just-capital-publish-groundbreaking-report-corporate-racial-equity-standards-launch-public-comment-period/ | 2022-04-08T17:34:43Z |
DULLES, Va., July 14, 2022 /PRNewswire/ -- Unison, the leading provider of contract management software and insight to government contractors and federal agencies, today announced its Preferred Partnership with VisibleThread.
Together, Unison's Contract Lifecycle Management (CLM) software for leading prime contractors and VisibleThread's natural language processing and artificial intelligence capabilities provide rapid and powerful insight to contracts professionals.
"Government contractors don't want to choose between compliance and low wrap rates. Our CLM software—now working with VisibleThread's capabilities—enables our customers to have both," said Paul Edelmann, Unison's General Manager of Commerce, Commercial, and Content.
"VisibleThread is uniquely able to extract contractual terms, discover inconsistent requirements, and delineate responsibilities for managing risks. Partnering with Unison allows contracts professionals to streamline this important work within the overall contract lifecycle that Unison CLM manages," said Fergal McGovern, CEO of VisibleThread.
GovCon contracts professionals using Unison CLM and VisibleThread can now instantly extract, archive, and search terms in award documents—and easily manage FAR/DFARS, compliance, security, and other material risks.
About VisibleThread
VisibleThread is a language analysis platform that improves the efficiency, clarity and compliance of complex documentation, including RFPs, contracts and mission-critical business writing with quantifiable metrics.
About Unison
Unison's secure cloud and on-premise software, marketplace, and information products support more than 200,000 users in leading prime contractors, all cabinet-level agencies, and major DoD programs. For more than 30 years, Unison has continually advanced its software and insight-generating products to help customers efficiently achieve their missions. Unison is headquartered in Northern Virginia, with offices in New Jersey, London, Munich, and Paris.
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SOURCE Unison | https://www.kxii.com/prnewswire/2022/07/14/unison-visiblethread-announce-preferred-partnership-streamline-govcon-contract-management/ | 2022-07-14T15:02:59Z |
For years, pediatricians have followed flawed guidelines linking race to risks for urinary infections and newborn jaundice. In a new policy announced Monday, the American Academy of Pediatrics said it is putting all its guidance under the microscope to eliminate “race-based” medicine and resulting health disparities.
A re-examination of AAP treatment recommendations that began before George Floyd’s 2020 death and intensified after it has doctors concerned that black youngsters have been undertreated and overlooked, said Dr. Joseph Wright, lead author of the new policy and chief health equity officer at the University of Maryland’s medical system.
The influential academy has begun purging outdated advice. It is committing to scrutinizing its “entire catalog,” including guidelines, educational materials, textbooks and newsletter articles, Wright said.
“We are really being much more rigorous about the ways in which we assess risk for disease and health outcomes,” Wright said. “We do have to hold ourselves accountable in that way. It’s going to require a heavy lift.”
Dr. Brittani James, a family medicine doctor and medical director for a Chicago health center, said the academy is making a pivotal move.
“What makes this so monumental is the fact that this is a medical institution and it’s not just words. They’re acting,” James said.
In recent years, other major doctor groups including the American Medical Association have made similar pledges. They are spurred in part by civil rights and social justice movements, but also by science showing the strong roles that social conditions, genetics and other biological factors play in determining health.
Last year, the academy retired a guideline calculation based on the unproven idea that black children faced lower risks than white kids for urinary infections. A review had shown that the strongest risk factors were prior urinary infections and fevers lasting more than 48 hours, not race, Wright said.
A revision to its newborn jaundice guidance — which currently suggests certain races have higher and lower risks — is planned for this summer, Wright said.
Dr. Nia Heard-Garris, head of an academy group on minority health and equity and a pediatrician at Chicago’s Lurie Children’s Hospital, noted that the new policy includes a brief history “of how some of our frequently used clinical aids have come to be — via pseudoscience and racism.”
Whatever the intent, these aids have harmed patients, she said.
“This violates our oath as physicians — to do no harm — and as such should not be used,” Heard-Garris said.
Dr. Valerie Walker, a specialist in newborn care and health equity at Nationwide Children’s Hospital in Columbus, Ohio, called the new policy “a critical step” toward reducing racial health disparities.
The academy is urging other medical institutions and specialty groups to take a similar approach in working to eliminate racism in medicine.
“We can’t just plug up one leak in a pipe full of holes and expect it to be remedied,” said Heard-Garris. “This statement shines a light for pediatricians and other healthcare providers to find and patch those holes.” | https://www.tdtnews.com/life/health_and_fitness/article_9076cf0e-ca21-11ec-9f5c-1b48ecc61993.html | 2022-05-02T16:18:00Z |
NEW YORK, May 10, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Lilium N.V. f/k/a Qell Acquisition Corp. (NASDAQ: LILM) alleging that the Company violated federal securities laws.
Class Period: March 30, 2021 to March 14, 2022
Lead Plaintiff Deadline: June 17, 2022
No obligation or cost to you.
Learn more about your recoverable losses in LILM:
https://www.kleinstocklaw.com/pslra-1/lilium-n-v-f-k-a-qell-acquisition-corp-loss-submission-form?id=26958&from=4
Lilium N.V. f/k/a Qell Acquisition Corp. NEWS - LILM NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Lilium N.V. f/k/a Qell Acquisition Corp. made materially false and/or misleading statements and/or failed to disclose that: (1) Lilium materially overstates the design and capabilities of the Lilium Jet, an electric vertical take-off-and-landing aircraft for use in a new type of high-speed air transport system for people and goods; (2) Lilium materially overstates the likelihood for the Lilium Jet's timely certification; (3) Lilium misrepresents its ability to obtain or create the necessary batteries for the Lilium Jet; (4) the special purpose acquisition company merger would not and did not generate enough cash to commercially launch the Lilium Jet; (5) Qell Acquisition Corp. did not engage in proper due diligence regarding its merger with Lilium GmbH; and (6) as a result, Defendants' public statements and statements to journalists were materially false and/or misleading at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Lilium N.V. f/k/a Qell Acquisition Corp. you have until June 17, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Lilium N.V. f/k/a Qell Acquisition Corp. securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the LILM lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/lilium-n-v-f-k-a-qell-acquisition-corp-loss-submission-form?id=26958&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.wibw.com/prnewswire/2022/05/10/lilm-alert-klein-law-firm-announces-lead-plaintiff-deadline-june-17-2022-class-action-filed-behalf-lilium-nv-fka-qell-acquisition-corp-shareholders/ | 2022-05-10T10:06:18Z |
unitQ provides concrete, data-driven guidance on how to halt product quality issues for upcoming release
BURLINGAME, Calif., Sept. 6, 2022 /PRNewswire/ -- unitQ, the leading platform empowering companies to take a user-centric, data-driven approach to improving product quality, today shared insights into product quality issues organizations might expect with the debut of iOS 16 in the coming days.
With the previous iOS 15 update, unitQ analyzed a wide range of apps from business and productivity, to dating and social networking, finding that complaints from mobile app users increased dramatically during the transition. From a month before to a month after iOS 15 was released on September 20, 2021, missing notifications in dating apps spiked 114%, upload issues in the photo-video industry jumped 132%, the mobile gaming sector saw a 300% increase in user complaints that their hero "died for no reason," and concerns from users of finance apps that their "data disappeared" increased 150%.
"Destructive quality-of-life or customer-churning issues from iOS 15 software update mean the rollout of iOS 16 will likely cause headaches for end users and, by default, developers — despite their best intentions," said Christian Wiklund, Founder and CEO at unitQ. "But how long developers and their organizations allow product quality issues to linger in their apps is another story — a story whose ending depends on how and if organizations listen to what their end users are saying about them."
unitQ Monitor provides organizations with real-time insights and actionable intelligence necessary to identify and fix those product quality issues that are the top concerns for your users. In today's crowded app landscape, quality is a true market differentiator that can help businesses scale efficiently. With the help of machine learning and AI, unitQ captures user feedback in more than 70 languages from dozens of sources — including the Apple App Store, Discord, Google Play Store, Reddit, Twitter, Facebook, Twitter, Instagram, and among others YouTube. unitQ also integrates with productivity tools such as Slack, PagerDuty, Zendesk and Jira.
Companies including Spotify, Klarna, HelloFresh and Udemy harness this data to visualize how existing and new product features are impacting their users across regions, app versions, and operating systems in real time. unitQ algorithms enable organizations to harness this real-time user feedback to take a measured, data-driven approach to their product quality efforts, fix issues faster, and leverage insights into roadmaps.
unitQ found that half of users polled will not do business with a company unless it has at least a four star rating, and nearly three quarters of users won't buy a product before they've read the reviews. When app experiences don't meet users' expectations, they are likely to file more tickets for support teams and submit lower app ratings and negative reviews — all of which damages a brand. New users are less likely to try the product and existing users become less engaged, and churn results.
For the purposes of this study, our charts are based on the ingestion of tens of thousands of iOS App Store reviews from more than 4,400 apps for the time period of one month before to one month after Apple's release of iOS 15 on September 20, 2021.
Overall, as illustrated in the chart below, social networking apps saw the biggest increase in users reporting product quality issues after Apple updated to iOS 15 last year. Following social media was the photo-video sector, gaming and so on.
unitQ is an AI-enabled platform that listens to signals from an organization's user base. unitQ is arming organizations with real-time actionable insights to build a better customer experience both immediately and into the future to improve product, reduce churn, boost star ratings and build great experiences.
Read the full report here.
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SOURCE unitQ | https://www.mysuncoast.com/prnewswire/2022/09/06/upload-issues-data-disappearing-unitq-analyzes-what-look-out-with-looming-ios-16-release/ | 2022-09-06T23:37:23Z |
Ginobili, Hardaway among 8 new Hall of Fame inductees
NEW ORLEANS (AP) — NBA stars Manu Ginobili and Tim Hardaway are among the 2022 class of Basketball Hall of Fame inductees. Also selected this year were WNBA great Swin Cash; former NBA coach George Karl; long-time college coach Bob Huggins, WNBA champion and two-time Olympic Gold Medalist Lindsay Whalen; NCAA national champion and former WNBA Coach of the Year Marianne Stanley; and former NBA official Hugh Evans. They will be enshrined into the Naismith Memorial Basketball Hall of Fame in Springfield, Massachusetts, on Sept. 10. Ginobili spent his entire 16-year NBA career with San Antonio, winning four NBA championships and twice receiving All-Star nods. Hardaway played 15 NBA seasons and was a five-time All-Star in the 1990s. | https://localnews8.com/sports/ap-national-sports/2022/04/02/ginobili-hardaway-among-8-new-hall-of-fame-inductees/ | 2022-04-02T19:13:23Z |
MELBOURNE, Autralia, June 8, 2022 /PRNewswire/ -- Sapia.ai, creator of the world's first chat-based Smart Interviewer, today announced that internationally renowned research psychologist Dr Richard Landers is joining its Expert Advisory Board.
Dr Landers is a globally respected leader on new HR-relevant technologies.
He was drawn to Sapia.ai as it has embraced an exciting blend of technical innovation and rigorous scientific evaluation to develop and grow its assessment platform. Sapia.ai has also published the FAIR Ai for Recruitment (FAIR™) framework, an industry-first initiative to help people understand what to look for when choosing responsible Ai technology.
Dr Landers joins the company to further advise on how Sapia.ai can be used to move more organizations forward by implementing the right technology alongside human processes.
"We're honored to have such an amazing thought leader and well-respected researcher in this area joining our Expert Advisory Board," said Sapia.ai CEO, Barb Hyman.
"Dr Landers brings academic rigor and discipline to the work we are already doing, and I welcome his input and scrutiny to make sure we are creating technology that puts humans first, and builds a fairer world.
"With his expertise and research background, we hope to show the potential of our capabilities to transform hiring to a fairer, more equitable process."
Dr Landers believes organizational outcomes can be improved by integrating modern digital technologies, such as AI and natural language processing, into traditional hiring practices. The key, he says, is the thoughtful combination of modern professional standards for measuring human capabilities with the exciting possibilities brought by new technology.
He is also a director of TNTLAB (Testing New Technologies in Learning, Assessment, and Behavior), an academic psychological research laboratory that conducts research to understand the role and potential of technology to improve organizations in relation to their employees.
Through TNTLAB, Dr Landers recently released research looking at how we can meaningfully audit AI to ensure its fairness.
"This is an area in which work and industrial-organizational psychologists have unique expertise. I believe that by working with Sapia.ai, I can help build better and fairer hiring processes through AI," Dr Landers said.
"Increased integration of technology is the inevitable future of HR, but to be sure we are really helping both organizations and their employees, we need to hold these new technologies to a very high standard.
"It's not enough to just be innovative. We must also rise to meet our responsibilities to be accurate and fair when so many people's lives are affected by what these systems do.
"Companies like Sapia.ai are leading the way on finding the right path forward, and I'm excited by the opportunity to work with them."
About Sapia.ai
Sapia.ai's mission is to build a fairer, more human world through ethical AI. Using the world's first Smart Interviewer, powered by the world's largest source of 1st party proprietary text data and advanced Natural Language Processing, we turn simple text conversations into unprecedented talent intelligence enabling organizations to interrupt hiring bias at scale, get to the right talent fast and give every candidate an experience they love.
Linkedin: https://www.linkedin.com/company/3251241/
Twitter: @get_sapia
Facebook: https://www.facebook.com/SapiaAi/
Instagram: @sapia.ai
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SOURCE Sapia.ai | https://www.wibw.com/prnewswire/2022/06/08/sapiaai-adds-globally-renowned-research-psychologist-dr-richard-landers-its-expert-advisory-board/ | 2022-06-08T23:50:53Z |
DALLAS (KDAF) — Food around the world can be unique, fun, and different from anything you’ve ever had before; that’s what makes trying new things so fun. The best part is, that you can do that very thing right here in North Texas!
Monday, August 8 is National Mochi Day! Ever heard of it? Well, these are basically little Japanese cakes with a sticky and powdery texture that have a sweet taste. NationalToday says, “Mochi comes in different types and sizes and can be combined with other sweets such as ice cream, making it a delectable treat perfect to cap off a nice meal.”
So, we wanted to make sure you can find the very best mochi in North Texas and we found Yelp’s list of the top spots for this Japanese treat in Dallas:
- 9 Rabbits Bakery – North Dallas
- Oppa Treats
- Mochio Mochi Donut
- Mochinut
- Craft Boba Tea – Upper Greenville
- New York Bakery 2 & Korean Bakery
- Wow Donuts and Drips
- Sweet Hut Bakery & Cafe
- Mitsuwa Marketplace
- Golden Crown
- Kazy’s Gourmet Shop
- H Mart – Carrollton
- Fat Straws Bubble Tea & Mochi Donuts – Richardson | https://cw33.com/news/local/yelp-says-these-are-the-top-spots-for-mochi-in-dallas/ | 2022-08-08T15:58:01Z |
Abortion rights protesters rally in cities around US
CHICAGO (AP) — Abortion rights protesters rallied in cities around the United States on Saturday, vowing to fight to ensure that abortion remains a legal option for women nationwide.
Hundreds gathered in Chicago, Atlanta, Houston and other cities days after a draft U.S. Supreme Court opinion was leaked to the public suggesting the court is poised to overturn the landmark 1973 Roe v. Wade case that legalized abortion nationwide. The draft opinion, which comes amid nearly 50 years of federal abortion protections, could change before the ruling is finalized in coming weeks.
“To think that, after all this time, people still want to control what women can do and our rights to make our personal healthcare decisions is just really outrageous,” Carole Levin, chair of Courts Matter Illinois, told WMAQ-TV during the rally in Chicago.
Illinois Gov. J.B. Pritzker attended the rally and vowed to protect reproductive rights in Illinois.
“I’m proud Illinois is an island for reproductive freedom in the Midwest,” he said. “Our shores remain open for any person left marooned by these extremist politicians.”
In the nation’s capital, abortion rights protesters stood outside the Supreme Court, holding signs that said abortion is a human right, or “Abort the Court.” Protesters who oppose abortion demonstrated across the street.
In Atlanta, demonstrators carried signs in favor of abortion rights as they marched through that city’s downtown and chanted, “Not the church and not the state, women must decide our fate.”
In Houston, thousands attended a reproductive rights rally headlined by Democrat Beto O’Rourke, who is running for Texas governor. Texas is one of several states that would automatically ban abortion, leaving no exceptions for rape or incest, if the high court overturns the nationwide right to abortion.
An investigation is underway to determine who leaked the Supreme Court draft opinion to Politico.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/05/07/abortion-rights-protesters-rally-cities-around-us/ | 2022-05-07T23:29:00Z |
SINGAPORE, Sept. 16, 2022 /PRNewswire/ -- CellResearch Corporation, a Singapore-based biopharmaceutical company today announced it has successfully closed the first Phase I study in CorLiCyte®, a stem cell therapy derived from umbilical cord lining stem cells, with research partners at the University of Colorado, Anschutz Medical Campus and ClinImmune Cell and Gene Therapy.
CorLiCyte® is in development for the treatment of a number of serious conditions, with a first target indication of treating diabetic foot ulcer (DFU). In the study protocol nine patients with chronic DFU were treated with CorLiCyte® twice weekly for 8 weeks. None of the patients participating in the study experienced any treatment-related adverse events and all subjects saw a reduction in wound size during the treatment period.
"These results are encouraging and can be used to support further research with CorLiCyte® in future studies, with the potential to address unmet medical needs in treatment of patients with chronic DFUs." said Cecilia Low-Wang, the lead investigator at the University of Colorado, Anschutz Medical Campus.
About CorLiCyte®
CorLiCyte® is a live mesenchymal stem cell therapy derived from human umbilical cord lining stem cells, with a proprietary optimised expression of cytokines, growth and cellular factors for the treatment of a number of serious health conditions. In addition to DFU, CRC is pursuing a range of potential indications at pre-clinical stage such as osteoarthritis, venous leg ulcers, chronic inflammatory and autoimmune conditions.
About CellResearch Corporation
CellResearch Corporation (CRC) was founded in 2002 as a contract research provider focusing on skin cells. In 2004, the company made the discovery that the umbilical cord lining of mammals was an abundant source of both mesenchymal and epithelial stem cells. Today, the company owns this technology through a family of patents and holds the rights to commercialise this technology in most major markets globally.
CellResearch Consumer Health (Formerly known as CALECIM® Cosmeceuticals) is a wholly owned subsidiary of CRC and produces an innovative range of skin and hair care products using cord lining stem cell media to power its products. It is used in medical hair and aesthetic clinics for in-office treatments and as part of an at-home anti-aging skincare regime. It is distributed globally through over 600 aesthetic physicians and online via its own website. It has a key distribution partnership with Menarini Group across South East Asia.
CRC partner, Cordlife offers parents the opportunity to bank their child's umbilical cord tissue alongside their cord blood. Cordlife has what is believed to be the largest licensed bank of umbilical cord tissue globally. As cell therapies move into the clinic, Cordlife will have the ability to expand stem cells from a banked umbilical cord for autologous and donor-related uses.
Contact:
Business Development and Investor Relations:
Xavier Simpson
Tel: +65 8815 6139
Email: xaviersimpson@cellresearchcorp.com
www.cellresearchcorp.com
www.calecimprofessional.com
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SOURCE CellResearch Corporation | https://www.wibw.com/prnewswire/2022/09/16/cellresearch-corporation-crc-announces-positive-results-phase-i-study-corlicyte/ | 2022-09-16T17:12:05Z |
New Model incorporates a wide selection of shimmering original elements inspired by the romantic transformational capabilities of Sailor Moon
DOVER, N.J., Aug. 17, 2022 /PRNewswire/ -- Today, Casio America, Inc. is pleased to announce the latest addition to G-SHOCK's BABY-G model, created in collaboration with Pretty Guardian Sailor Moon. A blast from the past, this timepiece conjures up nostalgia for those who remember Sailor Moon and BABY-G's popularity in the 90s. The new watch, BA110XSM, is based on the popular BABY-G BA110 and incorporates a wide selection of shimmering original elements inspired by the romantic transformational capabilities of Sailor Moon.
The navy blue semi-transparent body, which recalls the night sky, is decorated with blue, red, and yellow stars, moons, hearts, and other Sailor Moon images, creating a glamorous look. The face is studded with sparkling shapes, and the hands are gold-colored. This special design evokes the exciting and unforgettable Sailor Moon transformation scene. The band loop is printed with the silhouette of Sailor Moon, which is also engraved on the case back of the watch. The design of the packaging of this model was also inspired by Sailor Moon. Everything about this model is designed to make this a very special collaboration model between BABY-G and Pretty Guardian Sailor Moon, the heroine of every girl's dreams.
The new timepiece is equipped with G-SHOCK's technology including:
- Shock resistant
- 100M water resistant
- 2 Year battery life
- LED light
- 5 daily alarms (with 1 snooze alarm)
- 1/100-second stopwatch (24 hour)1s,24H time
- Full auto-calendar
- World time 29 time zones (48 cities +coordinated universal time), daylight saving on/off
The BA110XSM will retail for $160, while the additional models and pricing should follow. The new model will be available for purchase starting this August at select retailers, gshock.com, and the G-SHOCK Soho store. For more information about the G-SHOCK brand, visit gshock.casio.com/us.
CASIO's shock-resistant G-SHOCK watch is synonymous with toughness, born from the developer Mr. Ibe's dream of 'creating a watch that never breaks'. Over 200 handmade samples were created and tested to destruction until finally in 1983 the first, now iconic G-SHOCK hit the streets of Japan and began to establish itself as 'the toughest watch of all time'. Each watch encompasses the 7 elements; electric shock resistance, gravity resistance, low temperature resistance, vibration resistance, water resistance, shock resistance and toughness. The watch is packed with Casio innovations and technologies to prevent it from suffering direct shock; this includes internal components protected with urethane and suspended timekeeping modules inside the watch structure. Since its launch, G-SHOCK has continued to evolve, continuing to support on Mr. Ibe's mantra "never, never give up." www.gshock.casio.com/us/
Casio America, Inc., Dover, N.J., is the U.S. subsidiary of Casio Computer Co., Ltd., Tokyo, Japan, one of the world's leading manufacturers of consumer electronics and business equipment solutions. Established in 1957, Casio America, Inc. markets calculators, keyboards, mobile presentation devices, disc title and label printers, watches, cash registers and other consumer electronic products. Casio has strived to realize its corporate creed of "creativity and contribution" through the introduction of innovative and imaginative products. For more information, visit www.casio.com/us/
Samantha Horowitz/Maria Soubbotina
5WPR
shorowitz@5wpr.com
msoubbotina@5wpr.com
Sue Vander Schans / Cecilia Lederer
CASIO AMERICA, INC.
(973) 361-5400
SVanderSchans@casio.com
clederer@casio.com
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SOURCE Casio America, Inc. | https://www.wibw.com/prnewswire/2022/08/17/g-shock-pretty-guardian-sailor-moon-team-up-anime-themed-baby-g-timepiece/ | 2022-08-17T18:13:30Z |
What happens to your crypto, social media accounts once you’re gone?
By Michael Lee, CTVNews.ca writer
Click here for updates on this story
Toronto, Canada (CTV Network) — More Canadians are likely faced with the task of deciding what to do with their digital estate once they’re gone, whether that means protecting their cryptocurrency or leaving their social media accounts in someone else’s hands.
Many big tech companies, such as Facebook, Twitter and Apple, have ways of allowing loved ones to remove or memorialize a person’s account once they’ve died.
But when it comes to financial assets in the digital space, like cryptocurrency, ensuring someone can access it after the owner is dead is crucial before it’s too late, one estate and trust law expert says.
“People don’t think about it when they open it, but cryptocurrency is a huge issue,” Jordan Atin, senior associate counsel at Hull & Hull LLP in Toronto and an adjunct professor at Osgoode Hall Law School at York University, told CTV News.ca in a phone interview on Monday. “The money is gone if they can’t get at it.”
Individuals use their private key, like a password, to access their cryptocurrency such as Bitcoin or Ethereum. The decentralized nature of cryptocurrencies makes tracing their ownership or conducting an audit virtually impossible without the private key.
Entrusting someone with a password is one way, and perhaps one of the only ways, to ensure these assets are not lost forever, although even this raises security concerns, Atin says.
“We’re early on in this and despite a lot of thinking on the topic by lawyers and privacy people and all of that stuff, we don’t still have a solution,” he said.
Some cryptocurrency platforms allow people who inherit or become the owner of a deceased family member’s account to access it.
Coinbase, for example, will ask those requesting access to their loved one’s account for a death certificate, last will and testament, and a valid government-issued photo ID of the requestor.
The Canadian-based website Bitbuy also has a similar policy.
Another option, for tax purposes, is for a cryptocurrency holder to create a second will dictating whom they would like to transfer their crypto assets to in the event of their death.
If a beneficiary tries to take money out of a bank after the account holder dies, for example, a government-validated will is needed in order to transfer those assets and then a probate tax is charged.
Since cryptocurrency doesn’t require a government-validated will — all you need is the account holder’s key — a separate will can be drawn up just for that asset, which doesn’t require a probate tax payment.
Known as the “multiple wills” strategy, Atin says this is often used for assets like shares in a private company.
Probate, or inheritance, tax rates vary across Canada. In Ontario, for example, it is zero for the first $50,000 of an estate and 1.5 per cent after that.
One way users can protect their private keys is to get a crypto “wallet,” which can be “hot” or “cold.”
A hot wallet is connected to the internet, meaning private keys are stored on an app and kept online, making them more convenient to use but also vulnerable to hacking and online attacks.
On the other hand, a cold wallet is entirely offline and private keys are written down or printed, or stored on a piece of hardware like a USB drive. While not susceptible to online attacks, cold wallets do run the risk of being lost or destroyed. SOCIAL MEDIA
When it comes to a person’s online accounts, users are reminded that social media is really a contractual agreement with a third party, and accessing a loved one’s information may require a court order.
In 2017, a mother in Ottawa had to get a judge’s order to access her late son’s social media accounts after his mysterious death.
She said she contacted Google, Facebook and her son’s cellphone provider, but they wouldn’t grant her access without a court order.
“You don’t really own them [social media accounts] in essence,” Atin said. “You’re allowed to use their platform and those are through their terms of service.”
There is also the question of whether a user may even want the contents of their social media or email made accessible after they’ve died.
A person could draft up a digital assets clause in their will that gives an executor authority to handle their social media, Atin says.
But wills are also public records, he adds, meaning a person may not want to put their passwords directly into one.
“So this is an area that I’m sure is going to evolve … but we’re going to have to evolve quicker than that when it comes to digital assets I’m afraid,” Atin said.
Ultimately, whether it’s social media or crypto, if the plan after you’ve died is to transfer that ownership to someone else, make sure that person has the ability to get it.
“That’s a general analysis of the problem, and that goes for any kind of cryptocurrency or any kind of social media account or digital asset,” Atin said.
“Know what’s required for every particular asset that you own and make sure that the person who’s going to claim it when you’re dead has access to that information.”
Here are the policies currently in place at big tech: APPLE
Apple notes that devices locked with a passcode are encrypted, meaning Apple can’t help remove the lock without erasing a device’s contents.
A person can request access to a deceased person’s Apple ID and data using a court order that names them as the rightful inheritor of their loved one’s personal information.
In some countries, including France, Germany, Japan, Australia and New Zealand, other documentation can be used instead of a court order.
Otherwise, a person can still request that their late loved one’s account be deleted, which requires the requestor’s Apple ID, as well as “required legal documentation for your country or region.”
As an alternative, Apple encourages users to define in their will what personal information stored on their Apple devices and in the iCloud can be inherited. GOOGLE
Google says the best way for users to let the company know who should have access to their personal information once they have died, and whether their account should be deleted, is through the Inactive Account Manager.
This includes the ability to create trusted contacts, who will be able to have access to certain data from a user’s account if it has been inactive for a certain period of time.
A request can also be made to close a deceased person’s account, and in some cases share information with a loved one.
However, Google says it “cannot provide passwords or other login details.” MICROSOFT
Microsoft says, for privacy and other legal reasons, it can’t provide any information about an account such as Outlook, OneDrive or other services, when someone has died.
A person who knows an account’s login can close it on their own.
If kept open, an account will close automatically after two years of inactivity. An account can be reopened within 60 days after it’s closed.
Outlook and OneDrive accounts are frozen after one year and any messages and files stored on them are deleted not long after.
Those who need access to an account are advised to seek legal advice and may need a court order.
Subscriptions, on the other hand, are fairly easy to deal with after a person has died, Atin says.
Often, it just requires writing to the subscription service to inform them of the subscriber’s death or even just cancelling the subscriber’s credit card. FACEBOOK AND INSTAGRAM
Facebook’s policy is to memorialize an account after a user has died, once notified by a family member or close friend.
This also prevents anyone from logging into it, the company says.
Similar to Apple, a user can create a legacy contact who will look after a person’s profile if it has been memorialized.
That legacy contact will have the ability to write a final message on a deceased user’s profile, view posts, decide who can see and post tributes, and update the profile picture and cover photo. A legacy contact can also request that an account be removed.
Beyond that, requesting the removal of an account will require documentation, such as a death certificate or some proof that a loved one has died.
Instagram, which Facebook owns, has a similar policy, with users able to request that an account be memorialized or removed. TWITTER
Requests can be made to remove a deceased user’s account. Doing so requires details such as the requester’s ID and the deceased’s death certificate.
Twitter, however, is unable to provide account access, regardless of a person’s relationship to the user.
If a user is incapacitated, due to a medical or other reasons, a person other than the user can make a request to deactivate an account. This would require a power of attorney, among other information, authorizing a person to act on the account holder’s behalf.
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.
Brooklyn Neustaeterctvnews.caproducers@bellmedia.ca | https://localnews8.com/news/2022/04/28/what-happens-to-your-crypto-social-media-accounts-once-youre-gone/ | 2022-04-28T18:04:00Z |
The Wisconsin-based robotic mower manufacturer places emphasis on PR to build brand awareness
KNOXVILLE, Tenn., June 16, 2022 /PRNewswire/ -- RC Mowers, a leading manufacturer of remote-operated robotic mowers, has partnered with Ripley PR, a global public relations agency specializing in B2B technology and manufacturing, to enhance awareness of their innovative solutions in the public works and commercial landscaping markets.
Founded in 2018 and based near Green Bay, Wisconsin, RC Mowers develops and manufactures robotic mowers for commercial use. The company's American-made mowers are used to traverse steep slopes, difficult terrain and other hazardous landscapes. RC Mowers' vast dealer network serves commercial mowing companies, public works departments and park maintenance crews across the United States, as well as Ontario, Canada, and Australia.
"We needed a public relations agency with deep roots in B2B technology and manufacturing to share our vision and accurately tell our story, and Ripley PR fit that bill and also had extensive experience in the landscaping industry," said Tim Kubista, vice president of sales and marketing for RC Mowers. "We interviewed other agencies, but Ripley PR's experience really stood out to us and impressed us. This partnership will be vital in helping us establish a broader industry audience."
Ripley PR was founded in 2013 with a focus on B2B technology, manufacturing construction, franchising and home service public relations. The agency offers strategic communications services that help clients build brand awareness, establish positive reputations and drive increased leads and sales. Ripley PR recently earned the fifth position on Forbes' inaugural America's Best PR Firms of 2021 list.
"We are honored to be working with RC Mowers, a company that is working to solve critical issues for commercial landscapers," said Heather Ripley, CEO and founder of Ripley PR. "Their mowers' ability to expertly navigate difficult terrain while providing a safer work environment and conserving limited resources redefines what we have seen in commercial landscaping to date. With their expertise in robotics, they are a gamechanger in the industry and we're confident we can help cement RC Mowers as the leaders in this technology while spreading awareness about their brand."
For more information visit www.ripleypr.com or call (865) 977-1973.
Founded in 2018 and based near Green Bay, Wisconsin, RC Mowers manufactures remote-operated robotic mowers for mowing steep slopes, difficult terrain and other hazardous landscapes. Our mowers help companies safely, quickly and efficiently mow these areas, often leading to reduced injuries, decreased labor costs and greater profitability. All our mowers are 100% manufactured and serviced in the United States, have a 30-day buy-back guarantee and come with a 72-hour parts shipping guarantee. For more information, visit https://www.rcmowersusa.com.
Ripley PR is an elite, global B2B public relations agency specializing in home service and building trades, B2B, manufacturing and franchising. Ripley PR was recently recognized by Forbes as one of America's Best PR Agencies for 2021 and has made Entrepreneur Magazine's annual list of Best PR Agencies for Franchise for the past four years. Offering a full range of strategic communication services, including crisis management, media relations and social media strategies, Ripley PR uses a blend of strategic business accounting and creative public relations branding to tell compelling stories and deliver measurable results. Ripley PR is a partner in IPREX, the $508 million network of more than 1,100 communication professionals in more than 100 markets globally. For more information, visit www.ripleypr.com or call 865-977-1973.
MEDIA CONTACT:
Heather Ripley
Ripley PR
865-977-1973
hripley@ripleypr.com
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SOURCE Ripley PR | https://www.kxii.com/prnewswire/2022/06/16/rc-mowers-names-ripley-pr-agency-record/ | 2022-06-16T12:02:48Z |
The Healing Garden at the Baylor Scott & White McLane Children’s Medical Center served as a staging ground to raise awareness against local child abuse on Friday.
The lawn around the hospital was adorned with blue pinwheels to symbolize the 778 patients encountered by the child abuse protection team in 2021.
During the event, Chief Medical Officer Dominic Lucia spoke about the importance of stopping child abuse.
“April is child abuse awareness month,” he said. “McLane, working with several partners in the community, takes care of these kids in Bell County, Coryell County, and the surrounding counties. This is a very important part of our mission to draw attention to educate the community about it.”
Bell County First Assistant District Attorney Stephanie Newell spoke about the importance of the community coming together to stop child abuse.
“I look out in this crowd, and I see allies,” she said. “I see allies in the fight against child abuse. I see people that are here for awareness and prevention, but like myself, most of you are here for justice for these children. Every child that has been silenced by an abuser, we are here to be that child’s voice.”
Lucia said the hospital deals with the complete range of child abuse cases in the community.
“There’s physical abuse, and there’s sexual abuse,” he said. “There are a lot of sad stories out there. Bell County is one of the highest counties in Texas when it comes to abuse.”
He added his team of devoted individuals worked diligently to care for those children dealing with abuse.
“We have so many dedicated folks that are so good at working through these physical situations and taken such good care of these kids when maybe someone in their life wasn’t taking good care of them,” he said.
Newell echoed Lucia’s sentiment about having a team to help deal with child abuse in the area.
“We all work together doing very tough work,” she said. “What we see are horrible instances of physical and sexual abuse, and we don’t look away. We look directly at the problem, and we are here to fight it.”
Raising awareness about what happens in the community is a critical step, Lucia said, adding that the topic needs to be brought out of the shadows.
“Oftentimes in our lives, we don’t want to deal with the hard topics,” he said. “They make us feel bad, they make us feel icky, but this is a real thing that we see every day in our community. This is not just a one-day-a-year thing. This signifies the need to continue to be vigilant in this topic, and we need the community’s help on that.”
Newell asked that the public join together to raise child abuse awareness even when it’s an uncomfortable topic to bring up.
“We need to raise an army of allies in the community,” she said. “For every person that we come in contact with that, we’re willing to have these conversations with. We build that army. We’re building an army of people that are willing to stand up against child abuse. Go out there and talk about it so that we can have a better future for our children.” | https://www.tdtnews.com/news/central_texas_news/article_8b65651a-bd02-11ec-9edd-47cb433b813e.html | 2022-04-16T00:04:53Z |
PITTSBURGH, Aug. 10, 2022 /PRNewswire/ -- "We were tired of wild animals like raccoons getting into our garbage cans. We thought there could be an improved garbage can to deter animal scavenging," said one of two inventors, from Owen Sound, Ontario, Canada, "so we invented the ULTIMATE TRASH BIN. Our design ensures that the can remains intact and undisturbed by wandering animals."
The patent-pending invention provides an improved design for a trash bin. In doing so, it prevents wild animals from entering or tampering with the bin. As a result, it helps to prevent hassles and messes and it eliminates the need to use chemical sprays or other animal deterrents. The invention features a secure and animal-proof design that is easy to use so it is ideal for households and small businesses. Additionally, it is producible in design variations and a prototype is available.
The original design was submitted to the Toronto sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-TRO-656, 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/2022/08/10/inventhelp-inventors-develop-secure-animal-proof-trash-bin-tro-656/ | 2022-08-10T14:55:14Z |
PITTSBURGH, June 22, 2022 /PRNewswire/ -- "I thought there could be a better way to fill a kiddie pool without the hassle of holding the hose," said an inventor, from Naples, Fla., "so I invented the KIDDIE POOL. My design would also eliminate the need to lift the heavy pool in order to drain it."
The invention provides an improved design for a kiddie pool. In doing so, it offers an easier way to fill and drain the pool. As a result, it saves time and effort and it reduces stress, strain and hassles. The invention features a practical design that is easy to use so it is ideal for families with children. Additionally, it is producible in design variations.
The original design was submitted to the Naples sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-NPL-394, 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/2022/06/22/inventhelp-inventor-develops-easier-way-filldrain-kiddie-pool-npl-394/ | 2022-06-22T18:55:54Z |
NEW YORK (AP) — Wall Street’s major stock indexes ended mixed Wednesday after another day of choppy trading, while Netflix lost more than a third of its value after reporting its first subscriber loss in more than a decade and predicting more grim times ahead.
The S&P 500 slipped 0.1% after a late-afternoon fade, while the Nasdaq fell 1.2%. The Dow Jones Industrial Average rose 0.7%, having received a bump from IBM, which added 7.1% after reporting quarterly results that beat analysts’ estimates.
Netflix slumped 35.1% a day after the streaming giant reported its first decline in subscribers in more than a decade. The company also said it expects a steeper decline during the current quarter. Netflix is now considering changes that it has long resisted, including minimizing password sharing and creating a low-cost subscription option supported by advertising. The stock is now down 67% from the all-time high it reached in November.
The skid in Netflix, one of Wall Street’s Big Tech high flyers in recent years, weighed heavily on the S&P 500, outweighing gains elsewhere in the benchmark index, and hit the communication services sector the hardest, pulling it 4.1% lower.
“While it is in communication services, it is also a discretionary stock, clearly, in that it’s one of those things people buy because they want, not because they have to,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab.
Technology stocks, retailers and other companies that rely on consumer spending also weighed on the market. Chipmaker Nvidia fell 3.2% and Amazon dropped 2.6%.
Health care stocks made some of the biggest gains. CVS rose 2.7% and medical device maker Boston Scientific added 3%.
Banks and household product makers also bucked the market’s overall decline. JPMorgan Chase rose 0.4%, while Charmin and Dawn maker Procter & Gamble rose 2.7% after beating analysts’ quarterly earnings forecasts.
Tesla rose 4% in after-hours trading after reporting first-quarter net earnings that were over seven times greater than a year earlier. The electric vehicle and solar panel company benefited from strong sales despite global supply chain kinks and pandemic-related production cuts in China.
All told, the S&P 500 slipped 2.76 points to 4,459.45, and the Nasdaq fell 166.59 points to 13,453.07. The Dow rose 249.59 points to 35,160.79.
Smaller company stocks held up better than the broader market. The Russell 2000 added 7.42 points, or 0.4%, to 2,038.19.
Investors continue focusing on the latest round of corporate earnings as they try to determine how companies are dealing with rising inflation and cost pressures. American Airlines and Union Pacific are due to report results on Thursday.
Inflation has been putting increasing pressure on a wide range of industries and increasingly squeezing consumers. Rising prices have prompted the Federal Reserve and other central banks to raise interest rates in order to help temper inflation’s impact. The Fed has already announced a quarter-percentage point rate hike and Wall Street expects a half-percentage rate hike at its next meeting in two weeks.
“The market knows the Fed’s going to hike rates a bunch,” said Scott Wren, senior global market strategist at Wells Fargo Investment Institute. “But, the market is feeling pretty good that once we get to neutral, then in 2023 maybe you don’t go a lot further.”
Interest rates are considered “neutral” when they neither push nor restrict economic growth. Currently, investors expect rate hikes to increase the benchmark interest rate to a range somewhere between 2.50% and 3% by the end of the year, according to CME Group’s FedWatch tool.
Bond yields have been rising throughout the year as Wall Street prepares for higher interest rates. The yield on the 10-year Treasury note eased to 2.84% from 2.91% late Tuesday, but it’s still near its highest level since late 2018.
Higher bond yields have been pushing up mortgage rates and increasing pressure on an already tight housing market. The National Association of Realtors reported Wednesday that sales of previously occupied U.S. homes fell in March to the slowest pace in nearly two years as higher mortgage rates and already record-high prices discouraged would-be homebuyers.
Russia’s invasion of Ukraine and the ongoing conflict has only added to the worries about rising inflation crimping economic growth. The conflict has pushed energy and commodity prices higher.
U.S. crude oil prices rose 0.2% Wednesday and are up nearly 40% for the year, pushing gasoline prices higher. Wheat prices are up 41% for the year and that has the potential to increase prices for a wide range of food products globally.
Stocks have mostly struggled this year because of the confluence of concerns. Meanwhile virus lockdowns in China are easing. Authorities in Shanghai allowed 4 million people to leave their homes, but the lockdowns have left the Chinese economy damaged.
___
Veiga reported from Los Angeles. | https://cw33.com/business/ap-business/asian-shares-mixed-after-tech-led-rally-on-wall-street/ | 2022-04-21T04:11:51Z |
MELBOURNE and INDIANAPOLIS, July 10, 2022 /PRNewswire/ -- Telix Pharmaceuticals Limited (ASX: TLX, Telix, the Company) is pleased to announce that Kevin Richardson, a senior global executive with a career focus on sales, marketing and business operations in the oncology and radiopharmaceutical markets, will commence in the role of CEO, Telix Americas, on 11 July 2022.
Kevin is an accomplished business leader with 25 years' experience in the healthcare industry and a proven track record in building and leading successful sales, marketing and commercial teams while working cross-functionally to develop and deliver effective growth strategies to support new and emerging medical devices and therapies to healthcare providers, including the field of nuclear medicine.
Most recently, Kevin was the Chief Operating Officer of UroShape Medical, a technology company which has developed and successfully commercialized a medical device for a large, undertreated segment in the women's health market. Prior to this, he spent seven years in the America's division of Sirtex Medical, an Australian-founded radiopharmaceutical company which commercialized a device for the treatment of liver cancer. During his tenure, firstly as Head of Sales, and then subsequently in the roles of General Manager and CEO Americas, Kevin oversaw a five-fold increase in sales for the U.S. region.
Kevin has also held senior sales roles with St Jude Medical and Boston Scientific. He holds an MBA from the University of Texas.
Dr Christian Behrenbruch, Group CEO and Managing Director said, "Kevin brings a new depth of commercialization, sales and marketing experience to our U.S. operations along with a solid understanding of the intricacies of the radiopharmaceutical industry. His experience will be extremely valuable as we maximize the opportunity of our first commercial product and as we prepare to bring additional products to market. I have confidence that Kevin brings the leadership skills and track record that will drive our growth in the region."
Kevin Richardson added, "I'm very excited to take on the role of CEO for Telix Americas. Telix has quickly established itself as a highly regarded global leader and innovator in radiopharmaceuticals. I look forward to bringing my experience in scaling up growth stage companies to ensure Telix is able to translate its strong start as a commercial-stage company into long-term success across the United States, Canada and South America."
About Telix Pharmaceuticals Limited
Telix is a biopharmaceutical company focused on the development and commercialisation of diagnostic and therapeutic products using Molecularly Targeted Radiation (MTR). Telix is headquartered in Melbourne, Australia with international operations in Belgium, Japan, Switzerland, and the United States. Telix is developing a portfolio of clinical-stage products that address significant unmet medical need in oncology and rare diseases. Telix is listed on the Australian Securities Exchange (ASX: TLX). For more information visit www.telixpharma.com and follow Telix on Twitter (@TelixPharma) and LinkedIn.
Telix's lead product, gallium-68 (68Ga) gozetotide (also known as 68Ga PSMA-11) injection, has been approved by the U.S. Food and Drug Administration (FDA),1 and by the Australian Therapeutic Goods Administration (TGA).2 Telix is also progressing marketing authorisation applications for this investigational candidate in Europe3 and Canada.4
Telix Investor Relations
Ms. Kyahn Williamson
Telix Pharmaceuticals Limited
SVP Corporate Communications and Investor Relations
Email: kyahn.williamson@telixpharma.com
This announcement has been authorised for release by Dr. Christian Behrenbruch, Managing Director and Group Chief Executive Officer.
Legal Notices
This announcement may include forward-looking statements that relate to anticipated future events, financial performance, plans, strategies or business developments. Forward-looking statements can generally be identified by the use of words such as "may", "expect", "intend", "plan", "estimate", "anticipate", "outlook", "forecast" and "guidance", or other similar words. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements are based on the Company's good-faith assumptions as to the financial, market, regulatory and other risks and considerations that exist and affect the Company's business and operations in the future and there can be no assurance that any of the assumptions will prove to be correct. In the context of Telix's business, forward-looking statements may include, but are not limited to, statements about: the initiation, timing, progress and results of Telix's preclinical and clinical studies, and Telix's research and development programs; Telix's ability to advance product candidates into, enrol and successfully complete, clinical studies, including multi-national clinical trials; the timing or likelihood of regulatory filings and approvals, manufacturing activities and product marketing activities; the commercialisation of Telix's product candidates, if or when they have been approved; estimates of Telix's expenses, future revenues and capital requirements; Telix's financial performance; developments relating to Telix's competitors and industry; and the pricing and reimbursement of Telix's product candidates, if and after they have been approved. Telix's actual results, performance or achievements may be materially different from those which may be expressed or implied by such statements, and the differences may be adverse. Accordingly, you should not place undue reliance on these forward-looking statements. You should read this announcement together with our risk factors, as disclosed in our most recently filed reports with the ASX or on our website.
To the maximum extent permitted by law, Telix disclaims any obligation or undertaking to publicly update or revise any forward-looking statements contained in this announcement, whether as a result of new information, future developments or a change in expectations or assumptions.
The Telix Pharmaceuticals and Illuccix name and logo are trademarks of Telix Pharmaceuticals Limited and its affiliates (all rights reserved).
1 ASX disclosure 20 December 2021.
2 ASX disclosure 2 November 2021.
3 ASX disclosure 10 December 2021.
4 ASX disclosure 16 December 2020.
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SOURCE Telix Pharmaceuticals Limited | https://www.kxii.com/prnewswire/2022/07/10/kevin-richardson-appointed-ceo-telix-americas/ | 2022-07-11T00:06:57Z |
Kansans participate in ‘Taps Across America’ for Memorial Day
TOPEKA, Kan. (WIBW) -All over Kansas Monday, from one instrument to another, Kansas participated in “Taps Across America”.
At 3 o’clock Monday afternoon, people paused to take ‘note’ of the meaning of Memorial Day.
From the Kansas Statehouse to the Combat Air Museum to Evergy Plaza, music was being made to honor those who made the ultimate sacrifice.
Citizens in Carbondale and McLouth all played their instruments, including 17-year-old Sumner Ping. From there, the music traveled to Topeka.
All for one cause.
“I have a lot of family that served and thankfully they all made it back safe but there is so many where that is not the case,” said Dalton Imhoff-Brey.
“It is an honor to play it, every time you play it somebody knows exactly how much it means,” said Barry Evans, Topeka West Director of Bands.
“As a trumpet player, you are using your God given gift to be able to spread unity across for all of those veterans and those who have died in the line of service,” said Anna Reb.
24 notes that go a long way.
“I can just imagine how impactful it could be you know for the people overseas and you know fought for our freedom and had friends that maybe didn’t make it back. Them being able to hear that just the impact is huge, I think,” said Imhoff-Brey.
“It makes an impression of those of us in the military that is still alive because we render all those things for all those who have given their lives in the past,” said Herschel Stroud.
“We take for granted all of the wonderful freedoms that we have and the high price that was paid we tend to forget, but this is a good day to remind themselves and do thankful,” said Jay Stevenson.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/05/31/kansans-participate-taps-across-america-memorial-day/ | 2022-05-31T04:39:16Z |
Must-watch videos of the week
By Colby Hentges, CNN
Adam Schiff sees UFOs, a Lyft driver tells racists to take a hike, and championship paper airplanes take flight. These are the must-watch videos of the week.
The truth is out there
Deputy Director of Navy Intelligence Scott Bray shows declassified video of an unidentified object during a House subcommittee hearing on “unidentified aerial phenomena,” popularly known as UFOs.
Lyft driver won’t stand for racism
Dashcam video shows a Lyft driver refusing to drive passengers who used racist rhetoric while getting in the car.
See you on the dark side of the moon
Lunar eclipses might seem commonplace, but there are different versions that offer varied perspectives. Here’s what you need to know next time you catch the moon in shadow.
‘Kai, this is everybody. Everybody, this is Kai.’
An 18-year-old named Kai Neukermans performed on drums with Pearl Jam after the band’s drummer Matt Cameron tested positive for Covid-19.
Red Bull gives you (paper) wings
On May 14, the Red Bull Paper Wings World Final took off from Hangar-7 at the Salzburg Airport in Austria. The event is the official paper airplane world championship and first took place in 2006. This year’s edition saw 61,000 hopefuls take part in over 500 “Qualiflyers” around the world.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/05/20/must-watch-videos-of-the-week-79/ | 2022-05-20T17:57:29Z |
BERLIN (AP) — Switzerland’s nuclear waste authority has proposed building the country’s permanent waste storage site close to the border with Germany, a decision viewed warily by its northern neighbor.
The choice of the Noerdlich Laegern site ends a 14-year search for a preferred location, itself preceded by previous failed attempts. The head of waste authority Nagra, Matthias Braun, said on Monday that “the geology has spoken” and “Noerdlich Laegern is the best location with the biggest safety reserves.”
Two other locations had been under consideration for a site that is meant to be the permanent home for all Switzerland’s nuclear waste, which is currently kept at temporary storage facilities.
A thick level of opalinus clay, which is “very dense” and “binds radioactive material almost like a magnet,” is key to the choice of the site, Braun told reporters in the Swiss capital, Bern.
Nagra’s choice is only the start of a long process. It’s expected to be years before the government can sign off on the site, which would still need approval from parliament and possibly face a referendum. Construction could start in 2045, with the first waste being stored around 30 years from now.
The site is very close to the border with Germany, which is at best ambivalent toward nuclear power. The last three German nuclear power plants are due to shut at the end of this year, though the government wants to keep the option of reactivating two of them in case of an energy shortage in the following months.
A deputy German environment minister, Christian Kuehn, told news agency dpa after news of the choice first emerged over the weekend that the site would put “a great strain” on nearby areas. The mayor of the nearby German town of Hohentengen, Martin Benz, made clear that he wants information on possible accident scenarios and plans to deal with them.
Germany hasn’t yet chosen a permanent storage site for its own nuclear waste and isn’t expected to until 2031. A new search for a storage site, which authorities hope to start using in 2050, was launched two years ago. | https://cw33.com/news/ap-top-headlines/ap-swiss-propose-nuclear-waste-storage-site-near-german-border/ | 2022-09-12T23:51:37Z |
HAMILTON, Mont., June 27, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL.WT) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced that the Company will join the Russell 2000® Index after the conclusion of the 2022 annual reconstitution which will go into effect after the US market opens today, Monday, June 27, 2022.
The annual Russell reconstitution captures the 4,000 largest US stocks as of May 6, ranking those constituents by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds, and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.
Local Bounti is redefining indoor farming with an innovative method – its proprietary Stack & Flow Technology™ – that significantly improves crop turns, increases output and improves unit economics. Local Bounti operates advanced indoor growing facilities across the United States, servicing approximately 10,000 retail doors with its two brands: Local Bounti® and Pete's®. We grow healthy food utilizing a hybrid approach that integrates the best attributes of controlled environment agriculture with natural elements. Our sustainable growing methods are better for the planet, using 90% less land and 90% less water than conventional farming methods. With a mission to 'bring our farm to your kitchen in the fewest food miles possible,' Local Bounti's food is fresher, more nutritious, and lasts 3 to 5 times longer than traditional agriculture. To find out more, visit localbounti.com or eatpetes.com, or follow Local Bounti on LinkedIn for the latest news and developments.
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SOURCE Local Bounti | https://www.mysuncoast.com/prnewswire/2022/06/27/local-bounti-joins-russell-2000-index/ | 2022-06-27T13:10:15Z |
HOUSTON, May 5, 2022 /PRNewswire/ -- EOG Resources, Inc. (EOG) today reported first quarter 2022 results. The attached supplemental financial tables and schedules for the reconciliation of non-GAAP measures to GAAP measures and related definitions, along with a related presentation, are also available on EOG's website at http://investors.eogresources.com/investors.
Key Financial Results
First Quarter 2022 Highlights
- Announced guidance to return minimum 60% of free cash flow to shareholders each year
- Declared special dividend of $1.80 per share and regular dividend of $0.75 per share
- Earned adjusted net income of $2.3 billion, or $4.00 per share
- Generated $2.4 billion of free cash flow
- Oil, NGL and natural gas production above guidance midpoints
- Capital expenditures near low end of guidance range
- Total per-unit cash operating costs below guidance midpoint
First Quarter 2022 Highlights
Volumes and Capital Expenditures
From Ezra Yacob, Chief Executive Officer
"EOG is off to a great start in 2022. We extended our track record of reliable execution with strong first quarter results. Production volumes, capital expenditures and overall operating costs were each better than expected. Despite challenges from rising inflation and supply chain constraints since we announced our 2022 plan at the start of the year, we remain well positioned to deliver within our production and capital expenditure targets. Consistent with the EOG culture, our employees continue to find new innovations and efficiencies to meet our goals for the year.
"Along with strong operating execution, EOG continues to deliver on our long-term free cash flow priorities. In addition to the $0.75 per share regular dividend, we declared a $1.80 per share special dividend. We also initiated new cash return guidance to provide greater transparency to capital allocation, committing to return at least 60 percent of free cash flow to shareholders each year. Our financial strategy aims to create long-term shareholder value and our free cash flow priorities and cash return guidance remain consistent with this goal.
"Our 2022 game plan is on track, guided by our long-term strategy focused on returns. EOG's competitive advantage includes a diverse portfolio of plays across multiple basins, powered by our high-performing people and unique culture. Our pristine balance sheet and commitment to low-cost exploration continue to serve us well. We are well positioned to be among the lowest cost, highest return, lowest emissions producers, playing a significant role in the long-term future of energy."
First Quarter 2022 Financial Performance
Adjusted Earnings per Share 1Q 2022 vs 4Q 2021
Prices and Hedges
Crude oil prices increased significantly in 1Q compared with 4Q, partially offset by declines in natural gas and NGL prices. In addition, cash paid for hedge settlements in 1Q increased by $174 million compared with 4Q.
Volumes
Total company crude oil production in 1Q of 450,100 Bopd was above the midpoint of the guidance range and in-line with 4Q. NGL production was above the midpoint of the guidance range and increased 21% compared with 4Q due to increased extraction of ethane. Natural gas production declined 5% compared with 4Q, also related to extraction of ethane. Total company equivalent daily volumes increased 2% compared with 4Q.
Per-Unit Costs
Lower impairment and DD&A costs were the largest contributors to the overall reduction in per-unit costs in 1Q compared with 4Q. Compared with 4Q, per-unit cash operating costs decreased $0.32 per BOE due to lower G&A, G&P and LOE costs.
Change in Cash 1Q 2022 vs 4Q 2021
Free Cash Flow
EOG generated cash flow from operations before changes in working capital of $3.4 billion in 1Q. The company incurred $1.0 billion of cash capital expenditures, resulting in $2.4 billion of free cash flow.
Working Capital
Changes in working capital in 1Q represented a use of cash of $2.6 billion. Most of the change is due to an increase in collateral EOG has posted with counterparties to financial commodity derivative contracts that are in a net liability position.
First Quarter 2022 Operating Performance
Lease and Well
Per-unit LOE costs declined $0.09 in 1Q compared with 4Q but were $0.10 above the 1Q guidance midpoint. Fuel and power costs increased more than forecast during 1Q. Workover and labor costs declined in 1Q compared with 4Q, but the reduction was less than forecast.
Depreciation, Depletion and Amortization
Per-unit DD&A costs in 1Q were lower than the guidance midpoint and declined 7% compared with 4Q due to positive price-related reserve revisions and the addition of new reserves at lower finding costs.
Transportation, Gathering and Processing
Per-unit transportation and G&P costs in 1Q were in-line with 4Q and the guidance midpoints.
General and Administrative
Per-unit G&A costs declined 11% compared with 4Q and were below the guidance midpoint due to lower employee-related costs.
Free Cash Flow Allocation Actions
Regular Dividend and Special Dividend
The Board of Directors today declared a regular dividend of $0.75 per share on EOG's common stock. The regular dividend will be payable July 29, 2022, to stockholders of record as of July 15, 2022. The indicated annual rate is $3.00 per share. The Board of Directors today also declared a special dividend of $1.80 per share on EOG's common stock. The special dividend will be payable June 30, 2022, to stockholders of record as of June 15, 2022.
Cash Return Guidance
EOG announced its commitment to return a minimum of 60% of free cash flow to shareholders each year. This additional transparency complements the company's long-standing free cash flow priorities. It also reflects EOG's determination to continue to deliver on all its priorities, including returning additional cash to shareholders through special dividends or opportunistic share repurchases. The highest priority remains paying a sustainable and growing regular dividend. The $0.75 per share regular dividend declared today represents a $3.00 per share indicated annual rate. This is an 86% increase from the $1.61 per share regular dividends paid in 2021. EOG today also declared a special dividend of $1.80 per share. Combined with the $1.00 per share special dividend declared in February, EOG has committed to return $1.6 billion to shareholders through special dividends to-date in 2022.
First Quarter 2022 Results vs Guidance
Second Quarter and Full-Year 2022 Guidance4
First Quarter 2022 Results Webcast
Friday, May 6, 2022, 9:00 a.m. Central time (10:00 a.m. Eastern time) Webcast will be available on EOG's website for one year.
About EOG
EOG Resources, Inc. (NYSE: EOG) is one of the largest crude oil and natural gas exploration and production companies in the United States with proved reserves in the United States and Trinidad. To learn more visit www.eogresources.com.
Investor Contacts
David Streit 713‐571‐4902
Neel Panchal 713‐571‐4884
Media and Investor Contact
Kimberly Ehmer 713‐571‐4676
This press release may include forward‐looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, including, among others, statements and projections regarding EOG's future financial position, operations, performance, business strategy, goals, returns and rates of return, budgets, reserves, levels of production, capital expenditures, costs and asset sales, statements regarding future commodity prices and statements regarding the plans and objectives of EOG's management for future operations, are forward-looking statements. EOG typically uses words such as "expect," "anticipate," "estimate," "project," "strategy," "intend," "plan," "target," "aims," "ambition," "initiative," "goal," "may," "will," "focused on," "should" and "believe" or the negative of those terms or other variations or comparable terminology to identify its forward-looking statements. In particular, statements, express or implied, concerning EOG's future operating results and returns or EOG's ability to replace or increase reserves, increase production, generate returns and rates of return, replace or increase drilling locations, reduce or otherwise control operating costs and capital expenditures, generate cash flows, pay down or refinance indebtedness, achieve, reach or otherwise meet initiatives, plans, goals, ambitions or targets with respect to emissions, other environmental matters, safety matters or other ESG (environmental/social/governance) matters, or pay and/or increase dividends are forward-looking statements.
Forward‐looking statements are not guarantees of performance. Although EOG believes the expectations reflected in its forward‐looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. Moreover, EOG's forward‐looking statements may be affected by known, unknown or currently unforeseen risks, events or circumstances that may be outside EOG's control. Furthermore, this press release and any accompanying disclosures may include or reference certain forward‐looking, non‐GAAP financial measures, such as free cash flow and cash flow from operations before changes in working capital, and certain related estimates regarding future performance, results and financial position. Because we provide these measures on a forward‐looking basis, we cannot reliably or reasonably predict certain of the necessary components of the most directly comparable forward‐looking GAAP measures, such as future changes in working capital. Accordingly, we are unable to present a quantitative reconciliation of such forward‐looking, non‐GAAP financial measures to the respective most directly comparable forward‐looking GAAP financial measures. Management believes these forward‐looking, non‐GAAP measures may be a useful tool for the investment community in comparing EOG's forecasted financial performance to the forecasted financial performance of other companies in the industry. Any such forward‐looking measures and estimates are intended to be illustrative only and are not intended to reflect the results that EOG will necessarily achieve for the period(s) presented; EOG's actual results may differ materially from such measures and estimates. Important factors that could cause EOG's actual results to differ materially from the expectations reflected in EOG's forward‐looking statements include, among others:
- the timing, extent and duration of changes in prices for, supplies of, and demand for, crude oil and condensate, natural gas liquids (NGLs), natural gasand related commodities;
- the extent to which EOG is successful in its efforts to acquire or discover additional reserves;
- the extent to which EOG is successful in its efforts to (i) economically develop its acreage in, (ii) produce reserves and achieve anticipated production levels and rates of return from, (iii) decrease or otherwise control its drilling, completion, operating and capital costs related to, and (iv) maximize reserve recovery from, its existing and future crude oil and natural gas exploration and development projects and associated potential and existing drilling locations;
- the extent to which EOG is successful in its efforts to market its production of crude oil and condensate, NGLs and natural gas;
- security threats, including cybersecurity threats and disruptions to our business and operations from breaches of our information technology systems, physical breaches of our facilities and other infrastructure or breaches of the information technology systems, facilities and infrastructure of third parties with which we transact business;
- the availability, proximity and capacity of, and costs associated with, appropriate gathering, processing, compression, storage, transportation, refining, and export facilities;
- the availability, cost, terms and timing of issuance or execution of mineral licenses and leases and governmental and other permits and rights-of-way, and EOG's ability to retain mineral licenses and leases;
- the impact of, and changes in, government policies, laws and regulations, including climate change-related regulations, policies and initiatives (for example, with respect to air emissions); tax laws and regulations (including, but not limited to, carbon tax legislation); environmental, health and safety laws and regulations relating to disposal of produced water, drilling fluids and other wastes, hydraulic fracturing and access to and use of water; laws and regulations affecting the leasing of acreage and permitting for oil and gas drilling and the calculation of royalty payments in respect of oil and gas production; laws and regulations imposing additional permitting and disclosure requirements, additional operating restrictions and conditions or restrictions on drilling and completion operations and on the transportation of crude oil and natural gas; laws and regulations with respect to derivatives and hedging activities; and laws and regulations with respect to the import and export of crude oil, natural gas and related commodities;
- the impact of climate change-related policies and initiatives at the corporate and/or investor community levels and other potential developments related to climate change, such as (but not limited to) changes in consumer and industrial/commercial behavior, preferences and attitudes with respect to the generation and consumption of energy; increased availability of, and increased consumer and industrial/commercial demand for, competing energy sources (including alternative energy sources); technological advances with respect to the generation, transmission, storage and consumption of energy; alternative fuel requirements; energy conservation measures; decreased demand for, and availability of, services and facilities related to the exploration for, and production of, crude oil, NGLs and natural gas; and negative perceptions of the oil and gas industry and, in turn, reputational risks associated with the exploration for, and production of, crude oil, NGLs and natural gas;
- EOG's ability to effectively integrate acquired crude oil and natural gas properties into its operations, fully identify existing and potential problems with respect to such properties and accurately estimate reserves, production and drilling, completing and operating costs with respect to such properties;
- the extent to which EOG's third-party-operated crude oil and natural gas properties are operated successfully, economically and in compliance withapplicable laws and regulations;
- competition in the oil and gas exploration and production industry for the acquisition of licenses, leases and properties;
- the availability and cost of, and competition in the oil and gas exploration and production industry for, employees and other personnel, facilities, equipment, materials (such as water, sand and tubulars) and services;
- the accuracy of reserve estimates, which by their nature involve the exercise of professional judgment and may therefore be imprecise;
- weather, including its impact on crude oil and natural gas demand, and weather-related delays in drilling and in the installation and operation (by EOG or third parties) of production, gathering, processing, refining, compression, storage, transportation, and export facilities;
- the ability of EOG's customers and other contractual counterparties to satisfy their obligations to EOG and, related thereto, to access the credit and capital markets to obtain financing needed to satisfy their obligations to EOG;
- EOG's ability to access the commercial paper market and other credit and capital markets to obtain financing on terms it deems acceptable, if at all, and to otherwise satisfy its capital expenditure requirements;
- the extent to which EOG is successful in its completion of planned asset dispositions;
- the extent and effect of any hedging activities engaged in by EOG;
- the timing and extent of changes in foreign currency exchange rates, interest rates, inflation rates, global and domestic financial market conditions and global and domestic general economic conditions;
- the duration and economic and financial impact of epidemics, pandemics or other public health issues, including the COVID-19 pandemic;
- geopolitical factors and political conditions and developments around the world (such as the imposition of tariffs or trade or other economic sanctions, political instability and armed conflict), including in the areas in which EOG operates;
- the extent to which EOG incurs uninsured losses and liabilities or losses and liabilities in excess of its insurance coverage;
- acts of war and terrorism and responses to these acts; and
- the other factors described under ITEM 1A, Risk Factors of EOG's Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and any updates to those factors set forth in EOG's subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K.
In light of these risks, uncertainties and assumptions, the events anticipated by EOG's forward-looking statements may not occur, and, if any of such events do, we may not have anticipated the timing of their occurrence or the duration or extent of their impact on our actual results. Accordingly, you should not place any undue reliance on any of EOG's forward-looking statements. EOG's forward-looking statements speak only as of the date made, and EOG undertakes no obligation, other than as required by applicable law, to update or revise its forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise.
The United States Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose not only "proved" reserves (i.e., quantities of oil and gas that are estimated to be recoverable with a high degree of confidence), but also "probable" reserves (i.e., quantities of oil and gas that are as likely as not to be recovered) as well as "possible" reserves (i.e., additional quantities of oil and gas that might be recovered, but with a lower probability than probable reserves). Statements of reserves are only estimates and may not correspond to the ultimate quantities of oil and gas recovered. Any reserve or resource estimates provided in this press release that are not specifically designated as being estimates of proved reserves may include "potential" reserves, "resource potential" and/or other estimated reserves or estimated resources not necessarily calculated in accordance with, or contemplated by, the SEC's latest reserve reporting guidelines. Investors are urged to consider closely the disclosure in EOG's Annual Report on Form 10‐K for the fiscal year ended December 31, 2021, available from EOG at P.O. Box 4362, Houston, Texas 77210‐4362 (Attn: Investor Relations). You can also obtain this report from the SEC by calling 1‐800‐SEC‐0330 or from the SEC's website at www.sec.gov. In addition, reconciliation schedules and definitions for non‐GAAP financial measures can be found on the EOG website at www.eogresources.com.
Income Statements
Wellhead Volumes and Prices
Balance Sheets
Cash Flows Statements
Non-GAAP Financial Measures
Adjusted Net Income (Loss)
Cash Flow from Operations and Free Cash Flow
Total Expenditures
EBITDAX and Adjusted EBITDAX
Net Debt-to-Total Capitalization Ratio
Reserve Replacement Cost Data
Financial Commodity Derivative Contracts
Direct After-Tax Rate of Return
ROCE & ROE
Revenues, Costs and Margins Per Barrel of Oil Equivalent
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SOURCE EOG Resources, Inc. | https://www.kxii.com/prnewswire/2022/05/05/eog-resources-reports-first-quarter-2022-results-adds-quantitative-guidance-cash-return-framework-declares-180-per-share-special-dividend/ | 2022-05-05T20:55:02Z |
Saturday's massacre in Buffalo, New York, is the latest high-profile mass shooting in which authorities say the suspect was motivated by hate.
The suspected shooter, an 18-year-old White man, shot and killed 10 people and injured three others at a supermarket in a predominantly Black area, authorities said. Eleven of the victims are Black.
"We'll be aggressive in our pursuit of anyone who subscribes to the ideals professed by other White supremacists and how there's a feeding frenzy on social media platforms where hate festers more hate," New York Gov. Kathy Hochul said Saturday.
Investigators in the case have found evidence indicating "racial animosity," Erie County District Attorney John J. Flynn said during a Saturday news conference. The FBI says it is investigating the incident as a hate crime and a case of racially motivated violent extremism.
The attack comes amid surging levels of hate crimes across the country. An FBI report published last year found US hate crime reports in 2020 rose to the highest level in 12 years. Also in 2020, the Department of Homeland Security warned White supremacists were likely to remain the most "persistent and lethal threat" in the country.
Here are other high-profile massacres in recent years that authorities have said were fueled by hate.
A shooter 'hated the Jewish community and Muslim community'
John T. Earnest admitted to a shooting at a San Diego area synagogue that left one person dead and three others injured in 2019. In December, Earnest was sentenced to a second life sentence after pleading guilty to a 113-count indictment that included hate crime and weapons violations.
He was armed with an AR-15 style rifle when he entered the crowded Chabad of Poway synagogue and began shooting. He also admitted to setting fire to a mosque in nearby Escondido several weeks before the shooting.
"The defendant targeted his victims because he hated the Jewish community and Muslim community," Randy Grossman, US attorney for the Southern District of California, previously said.
"The defendant and his hatred have been silenced. He will spend the rest of his days and die in prison, while he languishes behind bars," Grossman said.
The deadliest attack on Latinos in modern US history
Patrick Crusius, the man accused of killing 22 people and injuring nearly two dozen others in a 2019 mass shooting at an El Paso, Texas, Walmart store, was indicted on dozens of federal charges, including hate crimes resulting in death and hate crimes involving an attempt to kill.
The rampage was the deadliest attack on Latinos in modern US history.
Crusius was accused of killing and harming the victims "because of the actual and perceived national origin of any person," the indictment said. An earlier arrest affidavit said he told police his targets were Mexicans.
He has pleaded not guilty and is yet to stand trial. Lawyers for Crusius have said he was in a psychotic state after the shooting and suffers from mental disabilities.
11 worshippers killed in a Pittsburgh synagogue
In October 2018, a gunman killed 11 worshippers in Pittsburgh's Tree of Life synagogue, in what is believed to be the deadliest attack on the Jewish community in the history of the US, according to the Anti-Defamation League.
Authorities said Robert Bowers targeted Jews online and made anti-Semitic comments during the shooting. Later, while receiving medical care, he told a SWAT officer that he wanted all Jews to die, according to a criminal complaint.
Federal prosecutors filed hate crime charges against Bowers, claiming he used anti-Semitic slurs and criticized a Jewish group on a social media site in the days leading up to the shooting.
Federal prosecutors said in 2019 they would seek the death penalty on charges that include obstruction of free exercise on religious beliefs resulting in death, use and discharge of a firearm to commit murder and possession of a firearm during a violent crime.
They said they are justified to seek the death penalty because of the role that Bowers' anti-Semitic views played in the shooting.
He has pleaded not guilty and is yet to be tried.
A Charleston church becomes a target
In June 2015, avowed White supremacist Dylann Roof gunned down nine African American worshippers at the Emanuel African Methodist Episcopal church -- a historic Black church -- in Charleston, South Carolina.
Roof was convicted of federal charges and sentenced to death in January 2017. He was the first federal hate-crime defendant to be sentenced to death, a Justice Department spokesman said.
"Mother Emanuel was his destination specifically because it was an historically African American church of significance to the people of Charleston, of South Carolina and to the nation," then-US Attorney General Loretta Lynch said in 2015. "On that summer evening, Dylann Roof found his targets, African-Americans engaged in worship."
Roof spent months plotting the attack, Lynch said.
"He was looking for the type of church and the type of parishioners whose death would, in fact, draw great notoriety for...his racist views," she said.
Attacker who had talked about a 'racial holy war'
Another place of worship -- meant to be a refuge -- was the scene of mass shooting in August 2012.
An Army veteran opened fire in a gurdwara -- or Sikh house of worship -- in the Milwaukee suburb of Oak Creek, Wisconsin, killing six people and wounding four others.
Wade Michael Page died of a self-inflicted wound after being shot by a police officer, the FBI said. The shooting came as violent attacks on Sikhs were spiking following September 11, 2001.
Then-Attorney General Eric Holder called the attack "an act of terrorism, an act of hatred, a hate crime."
According to a man who described himself as an old Army buddy of Page's, the attacker talked about "racial holy war" when they served together in the 1990s.
Christopher Robillard, of Oregon, who said he had lost contact with Page, added in 2012 that when Page would rant, "it would be about mostly any non-White person."
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/the-buffalo-supermarket-massacre-is-the-latest-high-profile-mass-shooting-authorities-say-was-motivated/article_2f31cf07-a4a1-503f-b102-9a42f00e2b28.html | 2022-05-15T02:37:26Z |
"S.Pellegrino Summer" invites you to take time off and embrace the season with exclusive tips from the Italian-American icon himself
ARLINGTON, Va., June 13, 2022 /PRNewswire/ -- It's no secret that Italians have perfected the art of relaxation and how to take a proper vacation. Americans, on the other hand, often leave their paid time off unused1. Well, not this year, thanks to this Italian duo.
This summer, S.Pellegrino® Sparkling Natural Mineral Water and Stanley Tucci want Americans to commit to prioritizing an extended vacation and embracing the Italian way of life. With "S.Pellegrino Summer," the duo will give one winner $10,000 to take time off and summer like an Italian, complete with tips from the quintessential Italian-American himself. Winners will also enjoy a summer's supply of S.Pellegrino and S.Pellegrino Essenza to bring them the flavors of the Mediterranean — no flight necessary.
With a unique lens into both the American and Italian cultures, Tucci is sharing his recommendations for a truly refreshing summer vacation as a continuation of his multi-year partnership with S.Pellegrino.
"In Italy, the spirit of summer comes alive in the simple things. It's about the wonderful times spent relaxing outdoors and gathering around the table with family and friends. S.Pellegrino fits naturally into those moments," said Tucci. "While they may be divided on the country's best dish, Italians collectively enjoy an extended summer holiday. This creates an amazing sense of community nationwide. I hope our celebration of this time-honored tradition inspires Americans to give it a try."
S.Pellegrino got its start more than 120 years ago in the hills of Bergamo at the San Pellegrino Terme. In recent years, the brand expanded its offerings to include flavored options that pair perfectly with summertime foods. Drawing inspiration from Italy's idyllic coastline and the fruits of the Mediterranean, S.Pellegrino Essenza is available in bright, beautiful flavors including Blood Orange & Black Raspberry and Dark Morello Cherry & Pomegranate.
"S.Pellegrino's heritage is deeply rooted in Italian culture — from the beloved cuisines to the tenured traditions that make the brand's home so special," said Thomas Conquet, Marketing Director, S.Pellegrino. "Through our continued partnership with Stanley Tucci, we hope to inspire Americans to embrace the Italian lifestyle by pledging to enjoy a leisurely summer holiday."
Win a S.Pellegrino Summer
Fans can enter for a chance to win a "S.Pellegrino Summer" and live like an Italian by visiting https://stanleytucci.sanpellegrino.com/summer now through June 27, 2022. One grand prize winner will receive a $10,000 cash prize to take an extended summer vacation, as well as a summer's supply of S.Pellegrino and S.Pellegrino Essenza to enjoy the flavors of the Mediterranean all season long. Ten first prize winners will also receive a summer's supply of S.Pellegrino and S.Pellegrino Essenza.*
Craving more ways to transport your tastebuds to Italy this summer? For more information and Tucci's tips to summer like an Italian, follow @sanpellegrino_us on social.
About S.Pellegrino® Sparkling Natural Mineral Water
S.Pellegrino® Sparkling Natural Mineral Water is a premium sparkling mineral water that flows naturally from a thermal spring in San Pellegrino Terme, near Bergamo (Lombardia). S.Pellegrino has unique balance of effervescence and rich minerality which cleanse the palate and amplify subtle flavors, making it the perfect complement to fine food and wines. Its clean, refreshing taste has distinguished S.Pellegrino as a preferred sparkling water by leaders of the global culinary community.
S.Pellegrino is a proud supporter of premier culinary programs, such as The James Beard Foundation, World's 50 Best Restaurants, Michelin Guide, The Culinary Institute of America, The Food & Wine Classic in Aspen and S.Pellegrino® Young Chef Academy. For more information, visit www.sanpellegrino.com or www.finedininglovers.com.
*NO PURCHASE NECESSARY. The S.Pellegrino Summer Sweepstakes is open to legal residents of the 50 US states & DC, 18 and older (or 19+ for AL and NE). Void where prohibited. Begins at 12:00:00 AM ET on June 13, 2022 and ends at 11:59:59 PM ET on June 27, 2022. Limit one (1) entry per person. See Official Rules on https://stanleytucci.sanpellegrino.com/summer. Sponsor: Nestlé USA, Inc. 1812 N. Moore Street, Arlington, VA 22209.
1 Expedia 2022 Vacation Deprivation Report
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SOURCE S.Pellegrino | https://www.kxii.com/prnewswire/2022/06/13/spellegrino-stanley-tucci-want-you-savor-summer-like-an-italian/ | 2022-06-13T17:01:01Z |
The West is in the grips of a climate change-fueled megadrought, and Lake Mead -- the largest manmade reservoir in the country and a source of water for millions of people -- has fallen to an unprecedented low.
The lake's plummeting water level has exposed one of the reservoir's original water intake valves for the first time, officials say.
The valve had been in service since 1971 but can no longer draw water, according to the Southern Nevada Water Authority, which is responsible for managing water resources for 2.2 million people in Southern Nevada, including Las Vegas.
Across the West, extreme drought is already taking a toll this year and summertime heat hasn't even arrived yet. Drought conditions worsened in the Southwest over the past week, the US Drought Monitor reported Thursday. Extreme and exceptional drought, the two worst designations, expanded across New Mexico, Arizona and Colorado -- all states that are part of the Colorado River basin.
New Mexico's drought has been steadily intensifying since the beginning of the year, and extreme or exceptional drought now covers 68% of the state.
Further West, water officials in Southern California are now demanding that residents and businesses limit outdoor watering to one day a week, after a disappointing winter with very little rain and snow. It's the first time they've implemented such a strict rule.
"This is a crisis. This is unprecedented," said Adel Hagekhalil, general manager of the Metropolitan Water District of Southern California. "We have never done anything like this before and because we haven't seen this situation happen like this before. We don't have enough water to meet normal demands for the six million people living in the State Water Project dependent areas."
At Lake Mead, photos taken Monday show the eldest of the agency's three intake valves high and dry above the water line.
"When the lake hit 1060 (feet above sea level), that's when you could start to see the top of the intake number one," said Bronson Mack, public outreach officer for the Southern Nevada Water Authority.
Lake Mead hit 1,060 feet above sea level on April 4 and stands at 1055 feet as of Wednesday, he said.
As a result, the water authority has begun operating new, low-lake pumping station for the first time -- a valve situated deeper at the bottom of Lake Mead. The station, which began construction in 2015 and was completed in 2020, is capable of delivering water with the lake at a much lower level, and was built to protect the region's water resource in light of worsening drought.
"There was no impact to operation's ability to deliver water," Mack said. "Customers didn't notice anything. It was a seamless transition."
Water flowing down the Colorado River fills Lake Mead and Lake Powell -- another critical reservoir in the West -- and the river system supports more than 40 million people living across seven Western states and Mexico. Both reservoirs provide drinking water and irrigation for many communities across the region, including rural farms, ranches and native communities.
The federal government declared a water shortage on the Colorado River for the first time last summer. The shortage triggered mandatory water consumption cuts for states in the Southwest, which began in January.
And in March, Lake Powell dropped below a critical threshold that threatens the Glen Canyon Dam's ability to generate power.
The West is in its worst drought in centuries, scientists reported Monday. A study published in February found the period from 2000 to 2021 was the driest in for the region 1,200 years.
The human-caused climate crisis has made the West's megadrought 72% worse, the study noted.
"We're kind of in some uncharted territory, socially and economically," Justin Mankin, assistant professor of geography at Dartmouth College and co-lead of the National Oceanic and Atmospheric Administration's Drought Task Force, told CNN in March.
This story has been updated with additional information.
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™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/lake-mead-falls-to-an-unprecedented-low-exposing-one-of-the-reservoirs-original-water-intake/article_e2becead-3ada-5f1d-ae47-63114621f844.html | 2022-04-28T14:43:33Z |
City commissioners in Palmetto unanimously shoot down apartment development at Riviera Dunes
PALMETTO, Fla. (WWSB) - With an unanimous vote, city commissioners in Palmetto sending a message that they did hear their residents loud and clear.
“I was a little surprised, but I am very happy that the commission did right by the community of Palmetto,” said Saul Fineman, a Riviera Dunes resident and Secretary of the Master HOA Association.
A proposed apartment development on more than 8 acres did have a lot of residents of Riviera Dunes all fired up.
“It scares us because we know once this is built, if the city continues to ignore these problems that are going to happen, we’re going to be stuck, our taxpayers paying to remedy the problem that this build would cause,” said Lynn Daniel, President of the HOA for the Homes of Riviera Dunes.
255 apartments were proposed to be built on the corner of Riviera Dunes Way and Haben Boulevard in Palmetto in front of Riviera Dunes. The city’s five commissioners making the decision on Monday night to not move ahead with it. Many residents opposed to this on hand in red shirts. Although the mayor doesn’t have a vote on this, she says there’s always room for projects like this, as long as it makes sense.
“We try to make sure we look at everything very seriously, make sure it fits but also we do like to see development, we do like to see growth,” said Shirley Groover Bryant, Mayor of Palmetto.
Riviera Dunes is made of many different sections including homes, condos, townhomes and a marina.
Residents say they do have many concerns, especially the increase in traffic that this would have brought on.
This would have been in addition to the hotel that’s being built nearby as well as another apartment complex.
“We’ve all come out, we’ve stated our concerns on every level,” said Elizabeth, a resident of the Homes of Riviera Dunes and former HOA President of Bel Mare. “We’re the ones living here and we do promote development, we want smart development.”
Residents say they wouldn’t be opposed to something that’s considered mixed use such as retail and some apartments. The city’s planning and zoning had voted in favor of recommending the amending of the ordinance that would allow these apartments to be built on that land. That was the step before it made it’s way to the city commission.
“It’s always been my attitude to try and massage things, and try to make it work for everybody,” said Groover Bryant.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/06/07/city-commissioners-palmetto-unanimously-shoot-down-apartment-development-riviera-dunes/ | 2022-06-07T02:21:57Z |
- Tampa Bay's premier Halloween event, Howl-O-Scream, returns on select nights now through Oct. 31, 2022
- All-new haunted houses and scare zones will leave guests with no choice but to scream in fear
- Every corner lurking with scares with a total of five haunted houses, nine scare zones and four sinister shows
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TAMPA, Fla., Sept. 13, 2022 /PRNewswire/ -- Busch Gardens Tampa Bay's Howl-O-Scream returns as what will feel like the most horrifying nightmare. This year's event takes over the entire park with five haunted houses, nine scare zones, four sinister shows as well as untold horrors lurking in the dark. Aside from the inescapable haunts, guests can seal their fate in the darkness with nighttime rides on 10 world-class attractions, including the award-winning Iron Gwazi, North America's tallest and the world's fastest and steepest hybrid coaster. Busch Gardens Howl-O-Scream will take place on select dates now through Oct. 31, 2022.
New terrors hailing from the afterlife and iconic frights will even make the bravest souls whimper in fear. Fan-favorite houses such as The Forgotten, Witch of the Woods and Death Water Bayou: Blood Moon - The Final Phase will return, as well as the infamous scare zones including The Junkyard, In The Shadows and Skeleton Crew. These returning favorites are just a few of the experiences that will complement the following fear-inducing new additions:
NEW Haunted Houses
NEW! Stranglewood Estate: The halls and walls of what once was a lively home filled with laughter and lavish parties, have witnessed the pitiful souls that once entered unaware of their inescapable fate. For Madame Gwendolyn, years of torture and torment developed a hatred for the living, including her parents who did not escape her wrath. At the heart of this opulent estate, guests will step into her secret basement room where her servants faced their untimely death in this grim, blood-soaked prison. Welcome to Stranglewood Estate.
NEW! The Residence: Home for the Holidays: Merriment turns murderous at this suburban family home. Christmas arrives earlier than ever this year at The Residence: Home for the Holidays, an all-new house filled with horrors waiting to be unwrapped. Holidays are best when spent with loved ones, but there is no guarantee for guests to survive this silent night.
NEW Scare Zones
NEW! Ravens Mill: Cries of fear and mercy take over the Ravens Mill, a nightmare-cultivating corn field haunting those who venture through these creepy pastures.
NEW! Beyond the Veil: In the depths of a dark dense forest fairies and orcs roam freely as you stroll through this place of shadows. Guests must beware, when walking past Beyond the Veil, they will be faced with demonic creatures of misfortune and malevolence.
Shows and Entertainment
Like rising from the grave, this year's Howl-O-Scream also sees the return of the high-energy and pulse-pounding creatures of the night featured in Fiends along with live musical performances by The Rolling Bones and the death-defying acts and stunts from Cirque X-Scream. The following sinister all-new game show joins this year's entertainment lineup:
NEW! 50/50: Choose Your Fate: At this all-new show, the host will make everyone believe the odds are in their favor when they are not. Fates are sealed long before guests spin the wheel because regardless of choice, the game show host always wins.
Parental discretion is advised after 6 p.m., as Howl-O-Scream contains graphics and amplified scares that are not recommended for children. Howl-O-Scream is a separate ticket event. Costumes are not allowed.
Best Way to Scream and Evil Upgrades
For the most avid Howl-O-Scream fans, Front Line Fear passes are the best way to access all five haunted houses. And for extreme fans, a Front-Line Fear Extreme pass gives access to all haunted houses as well as serving as Quick Queue to scream their lungs out on Busch Gardens' roller coasters, including Iron Gwazi, North America's tallest and the world's fastest and steepest hybrid coaster. Front Line Fear passes start at $69.
To step further into the darkness, an Ultimate VIP Tour grants admission, unlimited front-of-the line access to haunted houses and rides, one-time front-of-the line access to Iron Gwazi, private complimentary beverage locations, free photo & reserved seating at the Fiends show and free preferred parking. A Behind-The-Scenes Tour is also available for guests to see what goes into the scares on a daytime, lights-on experience.
Guests can save up to 55% on admission tickets with a limited time offer available at HowlOScream.com and purchase evil upgrades such as Front Line Fear passes, exclusive tours and many other experiences at this year's Howl-O-Scream. And to stay up to date guests can follow Howl-O-Scream on Instagram, TikTok, Facebook and Twitter.
About Busch Gardens Tampa Bay
Busch Gardens® Tampa Bay is the ultimate family adventure, offering 300 acres of fascinating attractions based on exotic explorations around the world. Busch Gardens is a unique blend of thrilling rides, an AZA accredited zoo with thousands of animals representing more than 200 species, and exciting seasonal events all year providing unrivaled experiences for guests of every age. For more information, visit www.BuschGardensTampa.com. Busch Gardens is owned by SeaWorld Entertainment, Inc. (NYSE: SEAS), a leading theme park and entertainment company providing experiences that matter and inspiring guests to protect animals and the wild wonders of our world.
Media Contact:
BGTPublic.Relations@BuschGardens.com
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SOURCE Busch Gardens Parks | https://www.wibw.com/prnewswire/2022/09/13/busch-gardens-tampa-bay-slated-horrify-haunt-all-souls-during-howl-o-scream-with-new-houses-an-all-new-game-show-more/ | 2022-09-13T17:36:45Z |
NEW YORK, July 19, 2022 /PRNewswire/ -- Iconic Philippine rum brand Tanduay recently released a collection of cocktail recipes featuring its different rums.
"Whatever your taste preference is, we've got a fine selection that can keep up with you. From simple classics to uniquely modern concoctions, this rum cocktail book showcases our Tanduay Rums like you've never tasted before as we highlight our rums' versatility in cocktails and their compatibility with a variety of ingredients," Tanduay said in the foreword of Cocktail Culture.
Available in e-book format, it can be accessed via the Tanduay website, global.tanduay.com.
"We came up with the book so that both new and long-time customers can experience and appreciate Tanduay in different ways," said Marc Ngo, Tanduay Distillers, Inc. International Business Development Manager and Senior Brand Manager.
The cocktails' taste and colors reflect the Philippines' beautiful beaches and sunsets. Some of the recipes in the book include those of Tropical Queen featuring the Tanduay Asian Rum Gold, Tranquil Waters featuring the Boracay Cappuccino Rum, Beach Blonde with the Tanduay Dark Rum, and Sun-kissed Mango with Tanduay White Rum.
Customers can easily follow the preparations, said Ngo, and enjoy their Tanduay-infused cocktails without the fuss. The book also contains recipes for the home-made syrups that will be used in the cocktails.
Tanduay continues to gain new customers as it expands its export business. It is now present in 12 U.S. states and the territory of Guam, as well as in the countries of China, Singapore, the United Arab Emirates, Germany, Belgium, the Netherlands, Luxembourg, and the United Kingdom.
For inquiries:
Joseph Chiong
Business Development Manager
Tanduay Brands International
+1 (714) 588-6760
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SOURCE Tanduay | https://www.mysuncoast.com/prnewswire/2022/07/20/tanduay-releases-cocktail-culture-book-recipes/ | 2022-07-20T03:07:28Z |
PITTSBURGH, Sept. 15, 2022 /PRNewswire/ -- "I thought there should be a convenient, affordable way to enjoy time out on any river or lake, enjoying many, if not all, of the conveniences of a houseboat via the capabilities, conveniences and familiarities of your own travel trailer or motor home," said an inventor, from Sahuarita, Ariz., "so I invented the Transportable RV Houseboat. My design would allow you to easily convert your RV into a houseboat, as well as transport it to multiple bodies of water."
The invention provides a safe, stable, effective way to transport a travel trailer or motor home on water. In doing so, it eliminates the need to purchase a separate houseboat, as well as the restriction to a single body of water inherent to a houseboat. Also, its motorized capabilities add fun and entertainment on the water. The invention features a safe, user-friendly and cost-effective design that is easy to use so it is ideal for boating enthusiasts who love camping and own travel trailers or motor homes, marina owners and operators, etc. Additionally, a prototype is available.
The original design was submitted to the Tucson sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-TST-447, 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/2022/09/15/inventhelp-inventor-develops-easily-transportable-marine-vessel-rvs-tst-447/ | 2022-09-15T16:29:12Z |
Community raises money for family of mom killed in alleged target practice incident
GREENVILLE, S.C. (WHNS/Gray News) - The family of a woman who was killed in her home by a stray bullet is hoping to raise money for funeral expenses and her children.
Kesha Luwan Lucille Tate, 42, was killed Saturday evening in her house. Family members told WHNS she was in the kitchen when she heard gunshots coming from outside and went to look out the window. A bullet came through the window and struck her in the chest.
Deputies who responded to the reported shooting found Tate unresponsive. She was declared dead at the scene, according to WHNS.
The Cherokee County Sheriff’s Office investigated throughout the night and determined one of Tate’s neighbors was conducting target practice outside of his home, which backs up to Tate’s property.
The sheriff’s office reported they charged Nicholas Sklyar Lucas in connection to Tate’s death.
“This is a senseless death that could have been avoided had the gun owner been responsible and chosen a safer place to target practice,” said Cherokee County Sheriff Steve Mueller. “It is mind-blowing that a person thinks it’s alright to target practice or discharge a gun within close proximity to so many other homes in a neighborhood.”
Family members said Tate leaves behind 10 kids.
“They’re literally devastated,” Tate’s sister Beverly Vercher said. “Especially the ones that actually saw it. All of them were there, but the older ones were actually in the room and saw it.”
Tate’s family is currently trying to raise money for her funeral expenses.
“I had to go pick out a casket, and it was hard,” said Tate’s mom, Beverly Wray. “I thought she would pick out a casket for me, and I had to go pick out one for her. It’s not right, he shot through that door and killed my baby. He killed my baby, now I have to bury her.”
Several local businesses are helping with the fundraising, including a salon and a restaurant. A GoFundMe has also been set up for the family.
According to deputies, Lucas was charged with involuntary manslaughter and shooting under the influence.
“We’re hoping that the justice system takes this seriously and realizes that he took a mom away from her kids,” Vercher said.
The sheriff’s office reported they are still investigating the incident.
Copyright 2022 WHNS via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/08/30/community-raises-money-family-mom-killed-alleged-target-practice-incident/ | 2022-08-30T17:38:04Z |
As GrandView's fleet grows, opportunities to provide free flights to cancer patients will accelerate
BALTIMORE, Aug. 8, 2022 /PRNewswire/ -- GrandView Aviation, a leading private aviation charter operator earlier this year partnered with Corporate Angel Network (CAN) to provide free flights to cancer patients (and family members and caregivers) who need to travel to and from treatment. Every week, GrandView gives CAN access to empty leg flights that arise in hopes to match a flight with a patient's treatment travel needs.
Corporate Angel Network (CAN) is a 501(c)(3) nonprofit organization whose mission is to help cancer patients access the best treatment centers in the United States by arranging free travel on corporate aircraft. Business jet travel makes it possible for patients, especially those in locations with minimal airline access, to travel to specialized medical centers. Whether a patient is traveling for surgery, clinical trial, or a second opinion, CAN aims to reduce a patient's physical, emotional and financial stress by providing a seat on a corporate flight. Over the past 40 years, CAN has transported more than 66,000 patients.
"We are so pleased to be able to fly 9-year-old patient, Guy, his 13-year old brother and their father home from treatment in New York City," said Jessie Naor, GrandView Aviation President. "When we found out Guy loved LEGO®, we gave him a set to enjoy assembling during the trip. We are honored to join many other corporations who support Corporate Angel Network's mission to help cancer patients access treatment through the use of business jets and look forward to providing many more patient trips in the future."
GrandView is also a Bronze Sponsor at CAN's Fund an Angel Reception on Wednesday, October 19, as part of National Business Aviation Association Business Aviation Convention & Exhibition NBAA-BACE in Orlando, FL. Donations received from sponsors and silent auction contributors help ensure patients have access to the care they urgently need while raising awareness for CAN's mission.
GrandView Aviation is a private aviation charter operation serving VIP clients and medical transplant transport missions. The company's fleet of Phenom 300 private charter jets and Sikorsky helicopter gives access to departure points across the United States from the company's 10 bases in Baltimore/DC, Atlanta, Austin, Boston, Chicago, Denver, Los Angeles, Phoenix, Reno and Teterboro. GrandView Aviation is a FAA Part 135 certificated aircraft operator and carries the elite Wyvern Wingman safety rating. The company was recently acquired by Global Medical Response (GMR) and operates under AirMed International, part of the GMR family. For more information about GrandView Aviation, please visit www.flygv.com. For information about GMR, visit www.GlobalMedicalResponse.com.
Corporate Angel Network (CAN) helps cancer patients access the best treatment available by arranging free travel on corporate aircraft. Business jet travel makes it possible for patients, especially those in locations with minimal airline access, to travel to specialized treatment centers. For more information about Corporate Angel Network, please contact Courtney Easton at ceaston@corpangelnetwork.org.
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SOURCE GrandView Aviation | https://www.wibw.com/prnewswire/2022/08/08/grandview-aviation-partners-with-corporate-angel-network-provide-free-flights-cancer-patients-flies-first-patient/ | 2022-08-08T21:29:04Z |
May is Asian American and Pacific Islander Heritage Month and Mental Health Awareness Month
NEW YORK, May 16, 2022 /PRNewswire/ --
What: MetroPlusHealth, New York City's quality affordable health plan, will hold a press conference to share the results of their 2022 AAPI Survey of Mental Health Among Women in NYC, conducted in April 2022. The survey found that Asian women in New York City feel they have significantly less support and mental health resources than the average woman in the City. MetroPlusHealth will be joined by local community-based organizations, medical professionals, and Elected Officials to share available resources and highlight the barriers to care in AAPI communities.
Who:
- Dr. Talya Schwartz, President and CEO of MetroPlusHealth
- Dr. Eric Wei, Senior Vice President and Chief Quality Officer of NYC Health + Hospitals
- Dr. Ted Long, Senior Vice President, Ambulatory Care and Populations Health of NYC Health + Hospitals
- Council Member Linda Lee, NYC Council Chair of Committee on Mental Health, Disabilities and Addictions
- Council Member Shekar Krishnan, NYC Council Chair of Committee on Parks and Recreation
- Council Member Sandra Ung, NYC Council Chair of Committee on Governmental Operations
- Manuel Castro, Commissioner for the Mayor's Office of Immigrant Affairs
- Kajori Chaudhuri, Deputy Commissioner, NYC Commissioner on Human Rights
- Linda Sun, Deputy Chief of Staff for NYS Governor Kathy Hochul
- Patrick Kwan, Senior Advisor, NYC Mayor's Office Community Affairs Unit
- Diya Basu-Sen, Executive Director of SAPNA NYC
- Isabel Ching, Executive Director of Hamilton Madison House
- Ernabel Demillo, Emmy-award winning New York City Broadcaster and Journalism Educator
- Ala Jaarah, Domestic Violence Case Manager the Arab American Association of New York
- Myoungmi Kim, Executive Director of the Korean Community Services of Metropolitan New York
- Jo-Ann Yoo, Executive Director for the Asian American Federation
When: May 18, 2022, 11:00am
Where: Steps of City Hall, New York, NY
- Resource tables will be set up along Broadway, providing mental health-related information to the public. Additional tents with resources will be on Chambers Street.
The press conference is open to the media.
About MetroPlusHealth
Since 1985, MetroPlusHealth Plan has built a reputation for providing access to affordable, quality health care to residents across New York City. MetroPlusHealth is the plan of choice for over 600,000 New Yorkers and has a five-star rating based on the State's 2020 Consumer's Guide to Medicaid and Child Health Plus Managed Care Plans in New York City. The health plan's robust network of primary care doctors and specialists includes many independent community providers. Culturally sensitive, and fluent in more than 40 languages, MetroPlusHealth's staff is as diverse as the great City it serves. For more information about MetroPlusHealth plans, benefits, and services, visit www.metroplus.org and join the conversation at facebook.com/metroplushealth and twitter @metroplushealth. MetroPlusHealth is a wholly-owned subsidiary of NYC Health + Hospitals, the nation's largest public health system.
CONTACT :
Divendra Jaffar
646-952-3243
jaffadi@metroplus.org
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SOURCE MetroPlusHealth | https://www.wibw.com/prnewswire/2022/05/16/metroplushealth-experts-elected-officials-asian-american-groups-stress-importance-mental-health-care-aapi-communities/ | 2022-05-16T14:47:02Z |
COLUMBUS, Ohio (AP) — Ohio State coach Ryan Day distributed the obligatory praise of his players after their score-at-will rout of Toledo, but the No. 3 Buckeyes won’t dwell on it long with the Big Ten schedule around the next corner.
Instead of taking some time to enjoy the 77-21 rout of Toledo late Saturday, coaches were already into planning for Wisconsin, which the No. 3 Buckeyes will host next week in the first in a slog of nine Big Ten games.
“Next week we have a conference opponent, so everything is going to be even harder,” Day said. “So usually we wait until Sunday to move on. We’ll do that as we leave the stadium tonight.”
C.J. Stroud threw five touchdown passes and No. 3 Ohio State rolled up 763 yards on the way to crushing Toledo.
The Buckeyes (3-0) scored on all six of their first-half possessions, with Stroud completing 18 of 20 passes for 297 yards and a pair of touchdown passes each to Marvin Harrison Jr. and Julian Fleming on the way to a 42-14 lead.
Stroud, a Heisman Trophy favorite, completed 22 of 27 passes for 367 yards before yielding to backups late in the third quarter.
“Once we get momentum rolling it’s kind of hard to stop us, he said. “It’s just about execution and taking pride in it. And I definitely think we did that and will continue to build, but it’s going to take more because now we go into Big Ten play, and we got to be more and more focused and stick together and keep rolling.”
The Buckeyes’ offensive output was the most since they gained 776 yards in a 77-10 win over another Mid-American Conference team, Bowling Green, in 2016.
Day wanted a dominating performance in the last nonconference game.
“There are a few things here we’ve got to clean up for sure going into conference play, but suddenly you look at the scoreboard, and we’re proud of what we did,” Day said.
TreVeyon Henderson, an AP Preseason All-American, scored on a 7-yard run to put Ohio State on the board in the first quarter, but the second-year back didn’t play again because of an unspecified injury that briefly sent him to the locker room.
Day didn’t provide details, but he said it was an injury Henderson has been dealing with, and the decision was made to rest him.
Toledo tied it at 7 early on Dequan Finn’s 50-yard TD heave on the run to Thomas Zsiros, but the Buckeyes assumed control and ran away with it.
That wasn’t for lack of effort on the part of Finn, who made the Rockets’ offense at least look respectable. He passed for 153 yards and two TDs, while rushing for 70 and another score.
“This is a top five team in the country, a team that’s been picked by many to win the national championship and as good as offensive skill as we’ll see, and I’ve seen in my entire coaching career,” Toledo coach Jason Candle said.
THE TAKEAWAY
Toledo: Finn is a talented, dual-threat QB with good instincts who’s bound to have more fun when the Rockets start their MAC schedule. But the Toledo defense just couldn’t slow down the Buckeyes with Stroud at the helm.
“It’s hard to respond,” Candle said. “Some guys have never been beat like that in their lives, including me.”
Ohio State: The placement of many of Stroud’s passes just couldn’t be defensed, and a few of the throws and catches were spectacular. The bit of rust the third-year quarterback might have brought into the season is gone. He showed why he was a Heisman finalist last season.
MARVELOUS MARVIN
Harrison is on a roll for the Buckeyes. The second-year receiver had six catches for 102 yards — all in the first half — including two acrobatic touchdown passes. That followed seven catches for 184 yards and three TDs in last week’s win over Arkansas State. Emeka Egbuka had seven catches for 116 yards and a TD and added another score rushing.
POLL IMPLICATIONS
With No. 1 Georgia and No. 2 Alabama routing their Saturday opponents, Ohio State is unlikely to move up.
LATE SCRATCHES
Ohio State starting safeties Tanner McAlister and Josh Proctor were not in uniform and announced as unavailable just before the game. Cameron Martinez and Lathan Ransom replaced them in the starting lineup. Defensive lineman Mike Hall Jr. also didn’t play. Day said those players also “were dealing some things” related to injuries and were kept out.
UP NEXT
Toledo: At San Diego State next Saturday.
Ohio State: Hosts Wisconsin next Saturday in Big Ten opener.
___
More AP college football coverage: https://apnews.com/hub/college-football and https://twitter.com/AP_Top25 Sign up for the AP’s college football newsletter: https://apnews.com/cfbtop25. | https://cw33.com/sports/ap-sports/ap-stroud-throws-5-td-passes-no-3-ohio-st-routs-toledo-77-21/ | 2022-09-18T14:51:39Z |
BRIDGEWATER, N.J., May 4, 2022 /PRNewswire/ -- Sailvan Times Technology Co., Ltd. has teamed up with Juln Electric Vehicle Co., Ltd., a professional electric bicycle designer and manufacturer that has worked with some famous worldwide brands such as FLX and WING. In 2020, Juln Electric Vehicle Co., Ltd. helped FLX successfully crowdfund 13 million dollars with its e-bike babymaker.
Juln and Sailvan Times developed and designed new electric bicycle technologies, and made great breakthroughs in frame stability and riding safety - In 2022, they created a historic new electric bicycle brand - Vanpowers Bike.
After Creating a Successful E-bike Brand Ancheer, Sailvan Times Has Never Stop to Research and Explore New E-bike Technology and Development
An outdoor sports brand, Ancheer, owned by Sailvan Times Technology Co., Ltd., has long-term excellent sales history and many sales channels like Amazon, Ancheer.shop, with good cooperative relationships with over twenty offline retailers in California. Ancheer mainly focus on mountain e-bikes, fat tire mountain e-bikes, folding electric bikes.
Ancheer has an extensive network of first-class manufacturers in many countries including China, Japan, Poland. In the United States, Ancheer has a mature online and offline sales system.
Sailvan Times Join Forces with Juln, a Powerful Electric Bicycle Designer and Manufacturer, Upgrade Electric Bicycle Technology and Explore Excellent Riding Experience and Stunning Appearance. A New Brand of Electric Bikes Has Emerged - Vanpowers Bike
There are many electric bicycles players on the market, including n+ Mercedes-Benz, FLX, WING, Tenways, Urtopia. The electric vehicle industry is gradually developing. Sailvan times has teamed up with professional electric bicycle manufacturer and desinger Juln Electric Vehicle Co., Ltd., which has experienced design ability in electric bicycle and supporting production lines. To further develop safety, superior riding experience, excellent performance, stunning appearance of the electric bicycle, after years of continuous efforts, Finally, in 2022, Sailvan Times and Juln jointly created a powerful new electric bike brand - Vanpowers Bike.
Juln Electric Vehicle Co., Ltd is a professional research and development team with strong R&D capabilities, focusing on developing portable, sports, and commuter electric vehicles. The owners of Juln are experts in management, development, quality, production, and NBD. The main R&D personnel have 10 years of industry experience, up to 22 years.
Juln has its own tolerance testing system, and all the frames are completed at a very high level under the strict quality inspection of Juln and Sailvan Times. Juln has a long-term cooperative relationship with the TUV SUD testing laboratory, TUV SUD testing laboratory has all the necessary testing equipment to ensure that the frame/safety components/electrical system fully meets the requirements of EU GOV & MARKET, and the German headquarters will sign the certificate.
Sushi, Verve, KCP, CIMSON, FLX, WING, ANZIO are all Juln's main partners. FLX and WING have been working with Juln since their brand's first prototype. Both FLX crowdfunding products were fully developed by Juln. The high-end, professional and affordable electric bicycle brand Vanpowers Bike created by Juln and Sailvan Times this time, will surely promote a boom in the electric bicycle industry.
An Emerging E-bike Brand with New Electric Bicycle Technology and Excellent Cycling Experience & More than 10 Customized Colors - Vanpowers Bike
Vanpowers Bike is working on touring e-bikes, mountain e-bikes, city e-bikes, and downhill e-bikes. What is worth looking forward to is that the City Vanture of Vanpowers Bike will be the world's first electric bicycle with an assembled frame. City Vanture will be launched on the crowdfunding platform Indiegogo on May 24, 2022. The frame comes in more than 10 customized colors, while providing all riding functions, let electric bikes get rid of the boring.
Embrace the elegance of the refined curvy frame with Seine on Vanpowers.Bike. Vintage bicycle with super premium components makes a comeback to ancient times with Seine. It will absolutely go beyond imagination.
Gazelle, conquer any off-road route with ease. Gazelle is designed for mountain trails. Whether sand or snow, pavement or muddy trails, Gazelle can give out the perfect riding experience.
About Vanpowers Bike
Vanpowers Bike actively maintains the classic e-bike and keeps up with the times. They constantly develops new e-bike technologies and commits to producing electric bicycles with excellent performance and attractive appearance. Vanpowers Bike will never stop exploring, let every adventurer's journey being mega power, at ease.
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SOURCE Vanpowers Bike | https://www.wibw.com/prnewswire/2022/05/04/sailvan-times-technology-co-ltd-company-that-owns-ancheer-which-has-excellent-sales-performance-launched-new-electric-bicycle-brand-2022-vanpowers-bike/ | 2022-05-04T14:16:09Z |
No, you’re not imagining it — package sizes are shrinking
Published: Jun. 8, 2022 at 9:08 AM EDT|Updated: 32 minutes ago
(AP) - It’s the inflation you’re not supposed to see. From toilet paper to yogurt to corn chips, manufacturers are quietly shrinking package sizes without lowering prices.
It’s dubbed “shrinkflation,” and it’s accelerating worldwide.
In the U.S., a small box of Kleenex now has 60 tissues; a few months ago, it had 65.
In the U.K., Nestle slimmed down coffee tins from 100 grams to 90 grams.
Shrinkflation isn’t new, experts say. But it proliferates in times of high inflation as companies grapple with rising costs for ingredients, packaging, labor and transportation.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/06/08/no-youre-not-imagining-it-package-sizes-are-shrinking/ | 2022-06-08T13:42:42Z |
KBank Biz Loan - Digital loan application for business expansion and shopping is now available on the e-commerce platform (B2B) Buy2sell Vietnam
HO CHI MINH CITY, Vietnam, Aug. 17, 2022 /PRNewswire/ -- Buy2Sell Vietnam partners with KASIKORNBANK (KBank) - Thailand's leading SME support bank, with its prestige, security and safety to facilitate customers with income from 5 million VND, running small businesses or working as office workers that are in need of capital to expand sales on e-commerce platforms, able to access the KBank Biz Loan digital loan application.
KBank Biz Loan's strength is the complete digital technology, easy and fast for customers to register anytime and anywhere. With only 3 simple steps to register on the KBank Loan app. Verify customer identity with e-KYC and digital signature technology. The online loan application process does not take more than 5 minutes. No mortgage required with the loan limit up to 300 million, attractive interest rate from only 1.25%/month (calculated based on amortized loan balance), flexible loan term up to 36 months.
Kasikorn Public Bank Limited (KBank) is the leading bank for (SMEs) in Thailand. In 2015, KBank entered the Vietnamese market. In 2021, Kbank opened administrative offices in Ho Chi Minh City and Hanoi.
KBank has a competitive advantage in the field of loan services for small and medium-sized enterprises, deploying digital banking services completely by digital technology. With the goal of promoting operations of businesses, household, and individual businesses, KBank has offered convenient, flexible and suitable financial solutions for the Vietnamese market.
KBank Loan is a digital loan application in Vietnam, providing financial support for small and medium-sized businesses or individuals that need capital on business development, shopping for both short and long-term.
Buy2Sell is a pioneering B2B e-commerce platform with the largest source of imported goods in Vietnam, focusing on high-quality imported brands. Buy2Sell meets the needs of diverse products through the innovative distribution system such as cosmetics, food, beverages, and technological equipment imported from more than 60 countries around the world.
The cooperation between KASIKORNBANK Public Company Limited (KBank) and Buy2Sell Vietnam, is an opportunity to develop the digital transformation of Vietnam's financial market, and to support merchants to access online business capital easier, thereby increasing income for SMEs in Vietnam.
For more details: https://www.kasikornbank.com.vn / and https://buy2sell.vn/
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SOURCE Buy2Sell Vietnam | https://www.mysuncoast.com/prnewswire/2022/08/17/kbank-biz-loan-is-now-available-e-commerce-platform-buy2sell-vietnam/ | 2022-08-17T12:14:44Z |
NEW YORK, June 22, 2022 /PRNewswire/ -- Atento S.A. (NYSE: ATTO, "Atento" or the "Company is the largest provider of customer relationship management and business process outsourcing ("CRM BPO") services in Latin America, and among the top providers globally, announced today that it will release fiscal second quarter 2022 financial and operating results after the market close of the New York Stock Exchange on Wednesday, August 3, 2022. Atento's senior management team will host a conference call and webcast to discuss the Company's fiscal second quarter financial and operating results on Thursday, August 4, 2022, at 8:30 a.m. Eastern Time.
Dial-in Info:
USA: +1-866-807-9684
Brazil: +55 11 4933-0682
Spain: +34 80 030-0687
UK: +44 20 3514-3188
International: +1-412-317-5415
Webcast: click here
A replay of the webcast will be available in the Events & Presentations section of Atento's website at http://investors.atento.com.
Atento is the largest provider of customer relationship management and business process outsourcing ("CRM BPO") services in Latin America, and among the top providers globally. Atento is also a leading provider of nearshoring CRM BPO services to companies that carry out their activities in the United States. Since 1999, the company has developed its business model in 14 countries where it employs approximately 150,000 people. Atento has over 400 clients to whom it offers a wide range of CRM BPO services through multiple channels. Atento's clients are mostly leading multinational corporations in industries such as telecommunications, banking and financial services, health, retail and public administrations, among others. Atento's shares trade under the symbol ATTO on the New York Stock Exchange (NYSE). In 2019, Atento was named one of the World's 25 Best Multinational Workplaces and one of the Best Multinationals to Work for in Latin America by Great Place to Work®. Also, in 2021 Everest named Atento as a star performer. Gartner named the company as a leader for two years in a row, since 2021 in the Gartner Magic Quadrant. For more information visit www.atento.com
Media Relations
Investor and analyst inquiries
Hernan van Waveren
+1 979-633-9539
hernan.vanwaveren@atento.com
This press release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "intends," "continue" or similar terminology. These statements reflect only Atento's current expectations and are not guarantees of future performance or results. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. In particular, the COVID-19 pandemic, and governments' extraordinary measures to limit the spread of the virus, are disrupting the global economy and Atento's industry, and consequently adversely affecting the Company's business, results of operation and cash flows and, as conditions are recent, uncertain and changing rapidly, it is difficult to predict the full extent of the impact that the pandemic will have. Risks and uncertainties include, but are not limited to, competition in Atento's highly competitive industries; increases in the cost of voice and data services or significant interruptions in these services; Atento's ability to keep pace with its clients' needs for rapid technological change and systems availability; the continued deployment and adoption of emerging technologies; the loss, financial difficulties or bankruptcy of any key clients; the effects of global economic trends on the businesses of Atento's clients; the non-exclusive nature of Atento's client contracts and the absence of revenue commitments; security and privacy breaches of the systems Atento uses to protect personal data; the cost of pending and future litigation; the cost of defending Atento against intellectual property infringement claims; extensive regulation affecting many of Atento's businesses; Atento's ability to protect its proprietary information or technology; service interruptions to Atento's data and operation centers; Atento's ability to retain key personnel and attract a sufficient number of qualified employees; increases in labor costs and turnover rates; the political, economic and other conditions in the countries where Atento operates; changes in foreign exchange rates; Atento's ability to complete future acquisitions and integrate or achieve the objectives of its recent and future acquisitions; future impairments of our substantial goodwill, intangible assets, or other long-lived assets; and Atento's ability to recover consumer receivables on behalf of its clients. In addition, Atento is subject to risks related to its level of indebtedness. Such risks include Atento's ability to generate sufficient cash to service its indebtedness and fund its other liquidity needs; Atento's ability to comply with covenants contained in its debt instruments; the ability to obtain additional financing; the incurrence of significant additional indebtedness by Atento and its subsidiaries; and the ability of Atento's lenders to fulfill their lending commitments. Atento is also subject to other risk factors described in documents filed by the comp any with the United States Securities and Exchange Commission.
These forward-looking statements speak only as of the date on which the statements were made. Atento undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Atento S.A. | https://www.wibw.com/prnewswire/2022/06/22/atento-sets-date-fiscal-2022-second-quarter-results/ | 2022-06-22T21:59:21Z |
‘Roadrunner’ officer catches up to woman having medical episode in car
BUFFALO, N.Y. (Gray News) - Police in New York said an officer helped safely bring a woman’s car to a halt while she could not stop due to suffering a medical episode.
The Town of Tonawanda Police Department shared a video from May 14 that showed officer Joe Cavalleri catching up to the woman who was not stopping her vehicle and causing a commotion on the streets.
The department said Cavalleri is also known as “Roadrunner” and the video shows why:
Authorities said they first received calls to stop the vehicle after it hit multiple cars, was running red lights and driving on the wrong side of the road in the Buffalo area.
Cavalleri was able to get to the driver’s side door and stop the woman’s vehicle while also getting her medical attention.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/06/02/roadrunner-officer-catches-up-woman-having-medical-episode-car/ | 2022-06-02T02:30:21Z |
Democrats intensify fight against Biden immigration policy
By Lauren Fox and Morgan Rimmer, CNN
Democrats running for reelection in the midterms are intensifying their fight against the Biden administration’s decision to roll back a Trump-era immigration rule, going directly to the border and signing onto legislation that would block the Biden administration’s actions in an escalation that could leave the party splintered on the issue before the midterms.
While immigration advocates celebrated the decision to reverse Title 42, many moderate Democrats have sounded the alarm warning that lifting the policy without an adequate plan in place will lead to a rapid influx of migrants at the Southern border, something that Republicans will be quick to seize on the campaign trail.
This week alone, two vulnerable Democrats Sen. Maggie Hassan of New Hampshire and Mark Kelly of Arizona toured or plan to tour the southern border, meeting with customs and border officials to get information on the ground about how Title 42 will impact communities there and show voters that they aren’t running in lockstep with Biden. While both Hassan and Kelly have taken previous trips to the border, the visits come as concerns about the end of Title 42 have reached a fever pitch.
Hassan, who serves on the Senate Homeland Security Committee, visited a centralized processing center in McAllen, Texas, as well as a port of entry and the area along the border in Nogales, Arizona, over the weekend. Kelly plans to visit Douglas port of entry in Arizona on Wednesday where he will also meet with local officials about the impact Title 42 could have.
For Hassan, the trip only crystallized her worries over the Biden administration’s immigration move.
“My trip to the southern border reinforced my concerns about the administration preemptively ending Title 42. Border agents were very clear with me that the end of Title 42 will lead to a steep increase of attempted crossings that they will not be able to effectively handle because they don’t have enough resources,” Hassan told CNN in a statement. “In particular, border agents told me that they need additional personnel, physical barriers, and technology at the border to stop unlawful crossings, which is especially important because they expect that smugglers will try to take advantage of the increase in attempted crossings.”
Hassan urged the administration not to end Title 42 until they have a plan.
“The administration must have a humane process for those seeking asylum, which requires getting additional personnel to vet and process migrants. The administration should not end Title 42 until it has a comprehensive plan in place to strengthen border security and deliver this additional support to the border.”
Members have also worked behind the scenes over the last several weeks with Department of Homeland Security officials to try and nail down what the plan will be to handle a potential surge of migrants at the border once Title 42 is gone. Both Hassan and Kelly have had private conversation with DHS Secretary Alejandro Mayorkas.
The administration announced on April 1 that it would roll back Title 42, a Covid-era policy that allowed migrants to be sent back to their home countries immediately citing a public health emergency rather than being processed under normal immigration rules that allow for more migrants to remain in the US while their claims are being processed. But, the decision has been met with steep opposition from many in Biden’s own party. Last week a number of Democrats in the House and Senate joined with Republicans in backing legislation that would outright block the administration’s decision on Title 42 until the public health emergency in other government agencies was also lifted. Kelly and Hassan both supported that bill as did Sens. Jon Tester of Montana, Joe Manchin of West Virginia and Kyrsten Sinema of Arizona.
In the House, another five Democrats signed onto similar pieces of legislation including Reps. Jared Golden of Maine, Tom O’ Halleran of Arizona, Greg Stanton of Arizona, Stephanie Murphy of Florida and Chris Pappas of New Hampshire.
“I’m joining a bipartisan group to introduce a bill that prevents the Biden Administration from rolling back Title 42 until a concrete plan to deal with the consequences to border communities is proposed and approved,” said O’Halleran, whose district recently expanded to include more Republican voters. “Any changes to the current system must be robustly detailed and developed in consultation with local leaders, community advocates, and governmental entities in border states like Arizona.”
The decision has also put some Democrats in a tough political position between progressives and immigration advocates in their base who believe it’s long time for Title 42 to be repealed and swing voters who may see the decision and potential fallout as a reason to vote against a candidate.
Democratic Sens. Catherine Cortez Masto of Nevada and Raphael Warnock of Georgia have both said that it’s not the right time to roll back the rule in public statements, but haven’t gone as far as signing onto the Republican-backed legislation to block the administration’s move.
“This is the wrong way to do this and it will leave the administration unprepared for a surge at the border,” Cortez Masto said in a statement. “We should be working to fix our immigration system by investing in border security and treating immigrant families with dignity. Instead, the administration is acting without a detailed plan.”
While it does not go into effect until May, already the Biden administration’s decision on Title 42 has become a key campaign issue for Republicans who are trying to paint Democrats as soft on immigration and the rule of law. Republicans in the House have launched an effort to force a vote on the floor that would keep Title 42 in place. In the Senate, a fight over whether to vote on an amendment to block the administration’s decision derailed the passage of $10 billion Covid-19 relief bill.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/04/12/democrats-intensify-fight-against-biden-immigration-policy/ | 2022-04-12T22:54:02Z |
Carbon Free NY submits comment encouraging carbon pricing in their response to NY Climate Action Council's Draft Scoping Plan
ALBANY, N.Y., June 15, 2022 /PRNewswire/ -- Carbon Free New York (CFNY)—a coalition of like-minded organizations, including generators, developers, environmental organizations, and labor unions—today submitted comments in response to the New York Climate Action Council's (CAC) published Draft Scoping Plan, recommending the CAC's Economy-wide Policies Subgroup include the benefits of pricing carbon in New York's electricity markets in the final Scoping Plan.
Carbon pricing is the fastest and most cost-effective way to meet Climate Leadership Community Protection Act (CLCPA) goals, reduce pollution, and improve public health, according to the coalition's comment. CFNY is also encouraging adoption of New York Independent System Operator's (NYISO) carbon pricing plan as an initial step as the CAC looks to additional economy-wide strategies. NYISO's proposed mechanism complements New York's existing state clean energy policies and can work synergistically with future economy-wide decarbonization programs or policies, CFNY said.
Despite failing to pass in the 2022 legislative session, CFNY supports—and is encouraging co-sponsor support for—pending legislation from Senator Parker and Assemblymember Paulin (S4372/A1168) in 2023. Together, S4372/A1168 encourage the establishment of a carbon dioxide emissions price for electric generation from carbon-based fuel, and would create a carbon dioxide emissions fund that supports environmental justice by reinvesting in low-income individuals and communities of color in New York State.
This legislation would also provide state support for NYISO's proposed carbon pricing mechanism and allow the NYISO to submit the proposal to the Federal Energy Regulatory Commission (FERC) for approval. Once the proposal is approved and implemented, New York could immediately harness the power of New York's electricity markets to decarbonize the electric system, spur investments in clean energy technologies, and help achieve its nation-leading climate goals expediently.
Carbon Free New York is a coalition of like-minded organizations, including clean energy and renewable providers, environmental organizations and organized labor groups, who recognize New York's opportunity to be the nation's clean energy leader by decarbonizing our electricity sector with a market-based model that fights climate change, improves public health and preserves states' abilities to choose and achieve their own clean energy policy goals. By implementing NYISO's carbon pricing proposal, we will align New York's wholesale electricity markets with its public policy objectives established by the Climate Leadership Community Protection Act (CLCPA).
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SOURCE Carbon Free New York | https://www.mysuncoast.com/prnewswire/2022/06/15/carbon-free-ny-encourages-new-york-climate-action-council-include-carbon-pricing-final-scoping-plan/ | 2022-06-15T15:25:08Z |
Why is it that whenever we dig into the details of a mass shooting we wind up finding nothing but screw-ups? Police, schools, mental health officials, parents — they’ve all messed up in ways to make mass shootings possible or deadlier.
At the Robb Elementary School in Uvalde, Texas, we learned that police responded within minutes but then stood around for almost an hour in the hallway while the shooter was barricaded in a classroom and still killing children.
We learned that there was no armed security guard stationed at the Robb school that day and that a door to the outside — which the shooter used to enter the building — did not lock automatically as it should have.
We also learned that the 18-year-old killer, as is so often the case, was known by his family, the authorities and his schoolmates to be a mentally unstable and scary gun nut, yet no one “red-flagged” him as a potential threat to himself or others. And how many times have we heard stories about how the parents of future mass murderers continued to let them have access to guns even after it had become obvious to them that their children were dangerously disturbed?
What we’ve seen over and over again in these mass shootings is that everyone’s waiting for someone else to do the right things, but then no one does the right things.
It’s not that hard to protect a school from being invaded by a mass murderer — if we have the will. Just as we do at airports, rock concerts and Super Bowls, we can use high fences, gates and automatically locking doors (that work).
We can also hire full-time security guards who are well-armed, well-trained and not afraid to shoot anyone dead who shows up at a school and tries to kill people. A school guard without a gun is just a spectator at a slaughter — or another victim.
But Democrats and the media are so mindlessly in favor of stricter and stricter gun control that they’ll never understand that the best way to prevent a tragedy like the one in Uvalde is more guns — guns in the right hands.
Following the massacre in Texas, the anti-gun nuts again instantly proved how little they know about “the weapons of war” they desperately want to take away from us law-abiding citizens. I don’t think three Democrats in Congress could define what an assault weapon actually is, much less explain the difference between a semi-automatic AR-15, a high-powered deer rifle and an Uzi.
And this week we heard President Biden babbling on about the difference in stopping power between a 9mm handgun — the most commonly produced pistol in the U.S. — and a .22 pistol. Biden said he wants to ban high-caliber 9mm handguns like Glocks, which are used by most police forces and the security guards who protect him 24/7, because he thinks no one needs a gun for protection that is so powerful it “can blow the lung out of a body.”
Just to let him know, it was a .22 that almost killed Ronald Reagan. Many assassins use a .22 because when the smaller bullet enters your body it bounces off your bones like a ping pong ball and causes greater internal damage.
No one expects Biden to know what he’s talking about when he talks about guns, and the dishonest major media are too much on the gun-control team to discuss other sensible, doable ways of preventing future school shootings. Putting well-armed security guards in our schools is extremely important, obviously, but it is parents who are the first line of defense.
If you realize your kid is out of control and truly dangerous, take their guns away. Give them to a neighbor. Lock them in a safe. And please don’t wait for the government, the school principal or anyone else to red flag your child as a threat to themselves or others.
Do the right thing. Throw the red flag yourself. | https://www.albanyherald.com/opinion/michael-reagan-stopping-school-shootings-starts-in-the-home/article_c9196086-e4d1-11ec-ada7-f375a0b5ce50.html | 2022-06-05T23:17:32Z |
Former professional wrestling star ‘Sunny’ was arrested in a fatal DUI
By Andy Rose, CNN
Tamara Lynn Sytch — a former pro wrestling star who performed under the name ‘Sunny’ — was arrested Friday and charged with causing the death of a motorist during in a traffic crash last month in Ormond Beach, Florida, police said.
The motorist died after Sytch’s vehicle failed to stop during a traffic signal and crashed into a car, which then hit a third vehicle in front of it, Ormond Beach Police previously said in a news release.
At the time, Sytch was transported to a nearby medical center for treatment and released after authorities obtained a sample of her blood for their investigation, police said.
Sytch, 49, was found to have about three-and-a-half times the lawful blood-alcohol limit in her system at the time of the crash, police said this week.
She has been charged with one court of DUI causing death, one count of causing death while operating a vehicle with a suspended or revoked driver’s license, four counts of DUI causing injury to a person and three counts of DUI causing damage to property, police said.
Sytch was taken to jail on Friday and her bond was set at $227,500, police said. Jail records show she was released Saturday afternoon.
CNN was not able to reach an attorney for Sytch Saturday for comment.
As Sunny, Sytch is often cited as the “original WWE Diva,” gaining popularity not for wrestling in the ring, but for villainous performances as the storyline manager of other wrestlers.
Her career spanned several decades and she is one of the “most popular females to ever set foot in the ring,” the WWE said.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
CNN’s Laura James contributed to this report. | https://localnews8.com/news/national-world/cnn-national/2022/05/07/former-professional-wrestling-star-sunny-was-arrested-in-a-fatal-dui/ | 2022-05-08T00:13:09Z |
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