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LOS ANGELES, April 4, 2022 /PRNewswire/ -- Greenspoon Marder is pleased to announce the expansion of the firm's Labor and Employment practice group with the addition of three new California attorneys. Brian E. Koegle and Michael R. Fostakowsky join as partners, and Ransom D. Boynton joins as an associate in the firm's Los Angeles offices.
"The team's strong market reputation in the Los Angeles community will further strengthen the firm's growing presence on the West Coast. They have an excellent track record of helping clients on employment counseling, employment litigation, and general commercial and business litigation and we are thrilled to have them on board," says Gerry Greenspoon, co-managing director at Greenspoon Marder. "We are excited to welcome these elite lawyers to the Greenspoon Marder family. They have established themselves as subject matter experts in California employment law and are well-renowned thought leaders in the industry," says Michael Marder, co-managing director at Greenspoon Marder.
"Michael, Ransom, and I are delighted to be joining a group of attorneys at Greenspoon Marder who share our approach of excellent client service, along with a practical and pragmatic approach to dispute resolution. As we make this transition, our goal is to continue helping California businesses navigate the complicated and confusing world of employment law compliance," says partner Brian Koegle.
Mr. Koegle provides counsel to employers in a large number of industries, including hiring practices, employment contracts, wage and hour issues, compensation, discipline, and termination matters. Mr. Koegle has extensive experience representing employers on various complex matters ranging from mediation, arbitration, litigation, administrative hearings, and defending employment discrimination and fair employment practice cases. He also assists employers in designing, drafting, modifying, and implementing personnel policies, procedures, and employee handbooks and conducts personnel policy audits. Additionally, Mr. Koegle counsels business owners on business and commercial disputes, including protection of trade secrets and proprietary information, and has first-chair trial experience litigating business and employment matters.
Mr. Fostakowsky concentrates his practice on employment and labor litigation in all California state and federal courts. He regularly represents employers in a broad range of matters, including discrimination, harassment, retaliation, wrongful termination, wage and hour issues, as well as various Labor Code violations. As a seasoned employment lawyer in and out of the courtroom, Mr. Fostakowsky has extensive experience litigating matters to verdict and successfully resolving hundreds of cases through mediation or other methods of alternative dispute resolution. He has also represented clients in front of the California Department of Labor Standards Enforcement, the Department of Fair Employment & Housing, as well as the Equal Employment Opportunity Commission.
Mr. Boynton focuses his practice on representing employers in all aspects of employment litigation, including wage and hour disputes, employment discrimination, employment contract, discrimination claims, and compliance issues. Mr. Boynton also advises a wide variety of companies and organizations in a multitude of industries on compliance with federal, state, and local labor and employment laws.
About Greenspoon Marder
Greenspoon Marder is a national full-service business law firm with over 200 attorneys and locations across the United States. We are ranked among American Lawyer's Am Law 200, as one of the top law firms in the U.S. since 2015. Since our inception in 1981, our firm has been committed to providing excellent client service through our cross-disciplinary, client-team approach. Our mission is to understand the challenges that our clients face, build collaborative relationships, and craft creative solutions designed and executed with long-term strategic goals in mind. We serve Fortune 500, middle-market public and private companies, start-ups, emerging businesses, individuals and entrepreneurs nationwide. For more information, visit www.gmlaw.com.
MEDIA CONTACT
Cynthia Howard, Chief Marketing Officer
720.370.1182 | cynthia.howard@gmlaw.com
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SOURCE Greenspoon Marder | https://www.wibw.com/prnewswire/2022/04/04/greenspoon-marder-expands-labor-employment-capabilities-with-addition-three-new-attorneys-los-angeles/ | 2022-04-04T15:31:06Z |
Jackson art students selected for Governor’s Art Exhibit
JACKSON TWP. – Two Jackson High School students recently had artwork selected for the 2022 Ohio Governor’s Youth Art Exhibit. Jackson senior Paige Edmiston and sophomore Keya Williams both had pieces of their art selected for the exhibit.
This is the 52nd year the Ohio Governor’s Youth Art Exhibit has been held. It is dedicated to the educational and artistic advancement of Ohio’s talent young people and represents the top 256 are pieces from more than 8,000 regional artists entries statewide. The artworks will be on display at the James A. Rhodes State Office Tower across from the State Capital from April 24 through May 19.
Art teacher Lisa Ayres Surber said Jackson High School participates each year in the Governor's Art Exhibition. Several students each year are selected to advance from the regional judging to the state judging, and then only a few are selected for the actual Exhibition. This year, 15 students with a combined 29 pieces advanced to the state round of judging.
“The Governor's Youth Art Exhibition represents the best work in the state, with works being juried on technical skill, creativity and originality,” Ayres Surber said, “The jurors for the state level of competition are chosen from all over the country and are generally professional artists themselves, college level instructors, or both.”
Ayres Surber expressed her definition of the works by the two student artists selected for the exhibit.
She said, “Paige's pieces are unique and personal and incorporate unique materials and Keya's photo-realistic paintings are technically exquisite. Paige is a senior and has been refining her art skills for the last four years. She has worked hard to put together an amazing portfolio for college acceptance and is looking forward to a career in the arts. Keya is currently a talented sophomore, with skills well above the average art student in painting. She will continue in the arts next year in our Advanced Placement program.
“I am so proud of all our students and the time and dedication they put into furthering their skills and improving their artwork. We participate in several competitions and art exhibitions throughout the year. It's so great for the students to be recognized just as they are in academics or athletics. For me as a teacher, it's rewarding to see their growth through the arts as both an artist and a young adult. The Governor's Youth Art Exhibition is a hard-earned accomplishment. I am beyond proud of each of them for reaching that level. I look forward to following their continued journey as young artists and students.
From the artists
Paige Edmiston said she had two pieces of artwork selected. One is titled “The Confinement of Anxiety”, which is a mixed media piece made with coffee stained paper, canvas board, twine, charcoal and blue ink pen.
“This piece is to represent the feeling of a panic attack, using twine wrapped around drawings of the lungs and heart to express the feeling of suffocation and of your heart being squeezed,” Paige said.
The other piece is titled “A Different Brand of Numbness “which is also mixed media and was drawn in chalk pastel sticks, chalk pastel pencils, acrylic paint and empty pill capsules.
Paige said, “This piece is about my dependence on medication to feel any sort of happiness after my grandmother passed, and the reason why I drew myself as a clown was because that happiness I received from the medication felt fake and forced upon, it was never genuine.”
Paige has had pieces exhibited in other shows including in the Young Blood exhibition in March, in the Massillon Museum and the most recent piece titled “Blinding Grief” in the Canton Museum of Art for the Stark County Exhibition.
Paige commented on where she draws her inspiration, “I love researching the meanings behind animals and plants and being able to use those to express some sort of emotion or idea, such as expressing my personal struggles with grief or expressing how proud I am of someone in my life for the things they've done. I also love to draw things for a therapeutic reason, in those scenarios I like drawing stylized portraits of people or creepy characters I’ve made up in my head to get away from the stress of life around me.”
She is going to attend the Art Academy of Cincinnati and major in drawing and painting along with a minor in creative writing. She doesn’t know exactly what she wants to do yet with her visual art career but does plan to eventually publish a fantasy novel series when she is finished creating it.
“I’ve been painting and drawing for as long as I can remember, but I didn’t seriously get into art until my later years of high school when I was allowed more freedom in what I create. I’m honestly just really grateful for the support of my teachers, Ms. Ayers and Mrs. Andes, and all that they have done for me and all that they have taught me these past few years. I would not be where I am today as an artist without either of them,” Paige said.
Keya Williams said that both of her selected pieces are in acrylic paint. She was excited to be selected this year and looks forward to submitting her art pieces again next year.
She has artworks in a number of different shows and exhibits including the Meraki Gallery, Massillon Museum in middle school, and The Scholastic Art Exhibition at Kent Stark.
Where does her inspiration come from?
“I don’t know,” Keya said. “I just try to find a ways to express myself through the projects we do in school. I like to take the prompts given to me and work creatively outside the box. Realism is one of my favorite styles to work in as well. I love challenging myself through new styles.”
Keya is looking into art-related programs and studies to help her improve but is uncertain if she will pursue a degree in art.
She said, “I love creating art so I know I will continue creating art pieces. I think finding more classes at high school and college will be a lot of fun and help me improve. I haven’t considered a career in art before, but I might reconsider due to recent successes. I have started exploring many new options and opportunities since I began entering juried competitions.”
Keya said she has creating art pieces much of her life. Her mother is also an artist and art teacher who brought a lot of art into Keya’s life.
“Even though I did a lot of art as a child and through middle school, I started getting most serious about art when I got to high school. I also became a lot more competitive and have enjoyed participating in Scholastics and now, and now the Governor's Exhibit,” Keya said.
She thanked her family, friends, and teachers, for encouraging and supporting her through everything.
“I appreciate them being there for me. My art teacher, Ms. Ayre,s has been a great and supportive teacher who helped push me towards submitting my artwork and creating these pieces. I am so grateful to everyone who has helped me pursue these opportunities and encourage me along the way.” | https://www.cantonrep.com/story/news/2022/04/07/jackson-art-students-selected-governors-art-exhibit/7268948001/ | 2022-04-08T11:52:25Z |
NEW YORK , Aug. 15, 2022 /PRNewswire/ -- A $25 million recreation, fitness and conference space named The Playground + Conference Center officially opened today in New York's iconic Seagram Building, fulfilling the vision of its owner, RFR, to "breathe oxygen into the workplace" by offering tenants "a whole life" – a community where people can work, socialize and exercise.
The 35,000-square-foot facility was conceived by RFR four years ago but gained urgency post-pandemic as the building's corporate tenants looked for incentives that would encourage their employees to return to the office after more than two years of working from home.
The expanse and cost of The Playground is thought to make it unique in New York commercial real estate. RFR cleared the way for the bilevel multisport complex by restructuring the building's underground parking garage to hold a 3,500-square-foot fitness center, a multisport open court, 22-foot-tall climbing wall, stadium seating for 150, 50-seat boardroom and 40-seat training room.
The fitness center features treadmills, ellipticals, Pelotons, Stairmaster, flat bench, incline bench, workout benches, power rack, dumbbells and Precor Queenax Functional System, used for high-intensity interval training. The facility's spin studio is equipped with a dozen bikes. Yoga, Pilates, martial arts and meditation classes are held in an adjacent Flex room.
The space also features recreational games, a hydration lounge and locker rooms equipped with showers and changing rooms. Allee Colon, a veteran in the field, has been brought on to serve as fitness director of The Playground.
The Playground's open court, designed for basketball, pickleball, volleyball and soccer, can be transformed into a 150-person theater for town hall meetings and large-screen presentations. With the push of a button, the court south's wall opens, and eight tiers of polished wood seating cascade onto the court.
At the north end of the open court, the climbing wall beckons adventurers with Expert, Difficult, Intermediate and Entry-Level routes and auto-belay safety harnesses that take up slack as climbers ascend and descend.
"Long before the pandemic, we recognized that parking garages in our buildings represent valuable space that could be better used to benefit our tenants," said Sheldon Werdiger, RFR head of marketing and design development. "At the Seagram Building, we saw an opportunity to create something extraordinary that will ensure it continues to remain the most celebrated office building in the world."
In preparation for this week's opening, RFR and Arch Amenities Group, The Playground's manager, worked with two tech firms – VTS Rise in Manhattan and BuildingEngines in Boston – to build a smartphone app that replaces the building's ID cards and makes it possible for employees to reserve time on the court and climbing wall and in the spinning, cardio and weight studios.
Tenants also can use the app's Mind-Body link sign up for high-intensity interval training and yoga, Pilates, martial arts and meditation classes. The app also provides self-guided tours of the fine art displayed throughout the building.
"This is where our approach to hospitality turns from a physical experience into a digital experience," said Zach Pointon, Arch Amenities Group's head of hospitality, adding that future functions will include real-time information about local transportation, including subways, buses and flights arriving at and departing from New York area's three major airports.
The Playground already has drawn the attention of other property owners, said AJ Camhi, RFR head of leasing. "The Playground is all the talk in the market right now. No other commercial building in New York has a court for basketball and pickleball. Landlords are trying to get tours of it. Brokers are talking to their landlord clients. It's the ultimate compliment."
Werdiger said RFR's investment in The Playground parallels the new priorities of its corporate tenants: to attract and retain the most qualified and talented employees. Corporate offices formerly were designed to please senior executives by providing them with spectacular office views and exclusive conveniences, like underground parking.
"Post-COVID, employers realize that they must make their office space more compelling than working from home in order to respond to the evolving work culture and encourage employees to return," he said. "Everyone who works in the Seagram Building now will gain, essentially, a free gym membership and a place to socialize with their coworkers – benefits they would not enjoy staying at home."
The strategy is working. The Seagram Building lost its major tenant just before the pandemic but now has leased 95% of that space to new tenants, a success that RFR attributes, in large part, to its investment in The Playground. "Tenants are promoting The Playground to encourage – not require – their employees to come back to the office," Camhi said.
RFR, which also owns and manages several other landmark buildings, continually looks for creative ways to attract tenants that might otherwise be tempted to move to the newest real estate coming on the market, Werdiger said. "You don't want these classic buildings to just turn into museums and dinosaurs. You want them to always continue to be relevant and the best."
Mike Flanagan, Arch Amenities Group chief growth officer, said The Playground exemplifies the type of amenity space that appeals to today's workforce. "We must create reasons for people to come back to work," he said. "To do that, we must blur the distinction between amenities and workspace and create very collaborative and highly hospitality-driven environments.
"Employees don't want to sit in a cubicle anymore. They want to go hang out in a lounge and different types of seating arrangements and work environments and be able to go to the fitness center and enjoy a coffee on the rooftop if they want."
The 38-story Seagram Building, at 375 Park Ave. between 52nd and 53rd street in Midtown Manhattan, was designed by Ludwig Mies van der Rohe with Philip Johnson. Constructed in 1956-58, it was designed as the headquarters for the Canadian distillers Joseph E. Seagram's & Sons. New York's Landmarks Preservation Commission designated the building and its plaza as a landmark in 1989. RFR gained full ownership in 2013 and continues to expand the significance of what the building means to New York and the world.
Studios Architecture of New York and Paris was The Playground project's architect. Graphic design was handled by GHD Partners, New York. The lighting designer was Focus Lighting Inc., New York. URBN Playground, New York, was the gym consultant. The structural engineer was Severud Associates, New York. The mechanical engineer was CFS Engineering, New York. Audio visual, acoustics and security systems were provided by Harvey Marshall Berling Associates, New York.
About RFR
RFR is a Manhattan-based, privately controlled real estate investment, development and management company founded in 1991 by Aby Rosen and Michael Fuchs. The company has built a world-class portfolio of commercial and residential real estate, including many of New York's signature office towers, ultra-luxury condominiums, hotels and high-end retail developments.
About Arch Amenities Group
Arch Amenities Group, based in Rockville, Maryland, is a leading provider of wellness, amenity and meeting services for commercial and residential properties, hotels and private clubs worldwide. Arch provides daily management services as well as feasibility studies, planning and design consultancy and pre-opening support. Arch is a portfolio company of private equity firm CI Capital Partners.
Click HERE to download photos of The Playground at the Seagram Building
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SOURCE RFR Holding LLC; Arch Amenities Group | https://www.kxii.com/prnewswire/2022/08/15/seagram-building-debuts-playground-bid-enhance-office-experience/ | 2022-08-15T12:14:02Z |
Bradenton Marauders are a homerun for the Manatee County economy
SARASOTA, Fla. (WWSB) - The Bradenton Marauders are offering a fun and affordable opportunity for baseball fans along the Suncoast. As COVID protocols become less restrictive, fans are returning to LECOM park to enjoy an up close and personal professional baseball experience.
Michele Stancil, a Bradenton Marauders and Pirates fan stated, “Economically it’s not a super expensive place to go with your family. But they are always here. There are always things going on, we come for a lot of spring training, there are all sorts of things that go on during Marauders season”.
The Bradenton Marauders have played baseball games locally for the last ten years and the Pittsburgh Pirates organization has helped support the local economy with games since 1969.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/09/03/bradenton-marauders-are-homerun-manatee-county-economy/ | 2022-09-04T00:01:01Z |
How do you actually do it?
OTTAWA, ON, June 15, 2022 /PRNewswire/ - 15 June 2022 - On 29 June 2022, Claigan Environmental Inc. (www.claigan.com) will present a webinar on testing for California Proposition 65 compliance. With an average of 300 prosecutions a month, California Proposition 65 (Prop 65) is the most heavily prosecuted restricted materials legislation in the world, and requires warnings for chemical exposures in products above California reproductive toxicity or carcinogenic limits. With most restricted materials legislations regulated by concentration in a material, Prop 65's exposure based limits create unique complications for product manufacturers.
Claigan has tested thousands of products and defended scores of products for Prop 65. Claigan has arguably the world's deepest and most practical knowledge on Prop 65 compliance.
The main topics to be covered in this webinar are -
- Prosecutions / 60 day notices
- Materials and substances of risk
- Measuring substance concentrations
- Standard exposure tests
- Safe harbor limits
- Handling chemicals without safe harbor limits
- Defending Prop 65 notices
Due to the interest in these topics, two (2) webinars will be held on June 29 to accommodate a larger audience.
Webinars - Testing for Prop 65
Date: 29 June 2022
Time: 10am and 2pm EST
Duration: 1 hour plus Q&A
To Register: https://attendee.gotowebinar.com/rt/2595569144897204752 or on Claigan's Website at www.claigan.com/webinars
Register now or send an e-mail to webinar@claigan.com.
Claigan is the leading provide in Prop 65 compliance. Claigan has tested thousands of products for Prop 65 compliance and being the technical support for numerous Prop 65 notice defences. Claigan is an ISO 17025 certified laboratory and is dedicated to providing practical solutions for supply chain due diligence and social responsibility. At Claigan, we believe in 'More Results. Less Journey.'
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SOURCE Claigan Environmental Inc. | https://www.kxii.com/prnewswire/2022/06/20/r-e-p-e-t-webinar-testing-california-prop-65/ | 2022-06-20T13:34:09Z |
Continues progress against its industry manifesto vision with the delivery of ServiceFabric™ Connect, the industry's largest open fabric-of-fabrics, designed to support customers as they transition to a more data-centric architecture
AUSTIN, Texas, July 14, 2022 /PRNewswire/ -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions, today announced the next step in its plan to help customers unlock trapped value from their data with the launch of ServiceFabric™, an interconnectivity solution and orchestration platform designed to support the wider industry shift to a hybrid, data-centric architecture.
In its industry manifesto titled Enabling Connected Data Communities – originally published in 2021 – Digital Realty laid out its vision: a solutions-based approach and call to action to remove legacy barriers across the interconnection industry and tackle the challenges of Data Gravity1 head-on. The initiative outlined a new collaborative roadmap to integrate interconnection platforms with multiple partners and build the industry's largest open fabric-of-fabrics connecting centers of data.
ServiceFabric™ Connect, the first connectivity service launched under the new ServiceFabric™ product family, is the company's next step in realizing this vision. Developed in-house by Digital Realty, the orchestration platform – available to customers immediately in 61 sites and 32 metro markets spanning North America, Europe, and Asia – pulls together network and cloud connectivity elements from multiple sources, including those from Digital Realty and its partners, to instantiate end-to-end services that customers need to fulfill their hybrid IT needs and support business goals.
"Since the launch of our strategic partnership in 2016, we have been proud to support Digital Realty with on-demand cloud connectivity that aligns with our shared vision of empowering businesses with rapid and secure interconnection on a global scale," says Vincent English, CEO of Megaport. "We are excited to support the evolution of Digital Realty's interconnection services with the announcement of ServiceFabric™Connect. Being the first integrated ecosystem partner of ServiceFabric™ Connect, we are fully committed to continue innovating with Digital Realty to provide customers with a frictionless on-demand interconnection experience."
"Today, we're demonstrating significant progress against our industry manifesto and reiterating the need to remove legacy barriers in the interconnection industry and address Data Gravity. We look forward to engaging with industry participants, especially our strategic connectivity and cloud partners, as we shape our roadmap for a next-generation interconnection fabric that will unlock new opportunities and value for all industries. ServiceFabric™ will incorporate the products of service providers in an open and neutral manner to enable holistic hybrid IT solutions for our enterprise customers. We will be an industry steward championing this shift and, together, we can tackle Data Gravity head-on and build a new era of open, secure and dynamic connected data communities globally," comments Chris Sharp, CTO, Digital Realty.
"Last July, we announced Zayo's role in helping power Digital Realty's next-generation product, PlatformDIGITAL®. and today we are taking yet another big step together with the introduction of ServiceFabric™ Connect, bringing global, secure interconnection to market," says Steve Smith, CEO at Zayo. "We look forward to our continued partnership with Digital Realty and our combined efforts to enable customers to securely accelerate their digital transformation and global expansion."
ServiceFabric™ underpins many of the capabilities of Digital Realty's global data center platform PlatformDIGITAL®, the ideal meeting place for enterprises with unparalleled access to several densely populated connected data communities including: 1,500+ enterprises, 1,200+ network service providers, and 1,100+ cloud and IT providers, helping to address the challenges associated with Data Gravity.
ServiceFabric™ Connect solves customers' physical and virtual infrastructure needs in a single platform, enabling those same customers to unlock significant data value that is currently trapped by interconnecting their islands of data. With a counterpart connection, companies are empowered to use one port to connect to anyone, anywhere, at any time through a global platform.
The launch of this new solution marks the next stage of the company's roadmap, the evolution of PlatformDIGITAL®, and the next step in a series of complementary coverage, connectivity, and service initiatives that Digital Realty is delivering as part of its broader mission to serve customer needs in an increasingly hybrid, data-centric world.
Additional Resources
- Read more about ServiceFabric™ in our blog here
About Digital Realty
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company's global data center platform, provides customers with a secure data "meeting place" and a proven Pervasive Datacenter Architecture (PDx™) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected communities that matter to them with a global data center footprint of 290+ facilities in 50+ metros across 26 countries on six continents. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter.
For Additional Information
Media Contacts
Helen Bleasdale
Digital Realty
+1 737 267 6822
hcbleasdale@digitalrealty.com
Investor Relations
Jordan Sadler/ Jim Huseby
Digital Realty
+1 737 281 0101
investorrelations@digitalrealty.com
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to ServiceFabric™ and ServiceFabric™ Connect, our collaboration with Zayo and Megaport, projections regarding data gravity, exchange and aggregation, expected growth in digital transformation, customer demand and company strategy. No representation or warranties are made by the company or any of its affiliates regarding the elements of the ServiceFabric™ strategy, including ServiceFabric™ Connect, or any statements or projections related thereto, and results are not guaranteed. For a list and description of risks and uncertainties, please see the company's reports and other filings with the U.S. Securities and Exchange Commission. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
1 Data Gravity is the phenomenon which sees large volumes of data continually attracting more data, making it difficult to move, manipulate or extract value from.
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SOURCE Digital Realty | https://www.kxii.com/prnewswire/2022/07/14/digital-realty-strengthens-its-global-platform-with-launch-new-interconnectivity-solution/ | 2022-07-14T11:51:47Z |
Palmetto Historical Park & Agricultural Museum closed in August
Published: Jul. 22, 2022 at 1:58 PM EDT|Updated: 13 minutes ago
PALMETTO, Fla. (WWSB) - The Palmetto Historical Park and Agricultural Museum will be closed through the month of August.
From August 1 through 31, the park and museum will close for new developments to the facilities.
The time will allow staff and volunteers to make some needed repairs, change some exhibits, and spruce up the sites. The park expects to reopen on Thursday, Sept. at 10 a.m.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/07/22/palmetto-historical-park-agricultural-museum-closed-august/ | 2022-07-22T18:13:30Z |
-Biggie joins J.P. Morgan from Prudential Financial-
NEW YORK, May 25, 2022 /PRNewswire/ -- J.P. Morgan Asset Management today announced that it has hired Carissa Biggie as Managing Director and Global Head of Broker Relationship Management Ms. Biggie will be based in New York and reports to Kristian West, Head of the firm's Investment Platform team, which is focused on building and managing best in class capabilities, maximizing return on investment and leveraging the scale of J.P. Morgan to deliver exceptional outcomes to clients.
In this new role, Ms. Biggie will develop and strengthen relationships and optimize partnerships with external counterparties, helping leverage the firm's strengths across its various asset classes, including equities, fixed income, liquidity, alternatives and solutions, taking a holistic view of how broker relationships are managed.
"Carissa's deep experience in this field means that she brings an expert eye for managing the complexities and synergies that are involved with broker relationships," said Kristian West, Head of Investment Platform for J.P. Morgan Asset Management. "Optimizing these relationships delivers benefits for the firm as well as our clients, and we look forward to the value Carissa will add to our management team."
Ms. Biggie joins J.P. Morgan from Prudential Financial, where she covered top global financial institutions for the Enterprise Strategic Relationship Management team. Previously, she spent 16 years with Goldman Sachs Asset Management in a variety of roles, including as a global relationship manager overseeing all broker relationships in trading, financing and prime brokerage, and COO of Global Risk Management and Central Trading. Prior to that, she was a project manager for J.P. Morgan Asset Management's Alternatives business.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of $2.6 trillion (as of 3/31/2022), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity.
J.P. Morgan Asset Management is the marketing name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $4.0 trillion in assets and $285.9 billion in stockholders' equity as of March 31, 2022. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S. and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com
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SOURCE J.P. Morgan Asset Management | https://www.mysuncoast.com/prnewswire/2022/05/25/jp-morgan-asset-management-hires-new-global-head-broker-relationship-management-carissa-biggie/ | 2022-05-25T14:42:56Z |
CALGARY, AB, April 19, 2022 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced today that it will mark the annual 4/20 cannabis holiday with the opening of two new stores in Alberta and Ontario. The new stores are located at 172 Leva Avenue in Red Deer County, Alberta (the "Gasoline Alley Store"), and 595 Fanshawe Park Road West in London, Ontario (the "London Store"). These openings will bring High Tide's total number of branded retail locations across Canada to 115, and also represent the Company's 62nd location in Alberta and 35th location in Ontario, respectively. The Gasoline Alley Store is strategically located within the quickly growing Gasoline Alley retail and commercial district, which is anchored by a national big-box discount grocery wholesaler, a movie theatre chain, and is immediately south of the City of Red Deer, Alberta's third-largest city, with a population of just over 100,000. The London Store is situated at the intersection of two major roadways in the northwestern part of the city, which is at the centre of Ontario's fourth-largest metropolitan area with a population of over 540,000. London is also home to Western University and Fanshawe College, with combined enrollments of over 52,000 students. The store is part of a retail plaza on Fanshawe Park Road that is anchored by national discount and grocery retail chains.
As a celebration of the Cabana Club having surpassed 420,000 members, High Tide will be awarding an exclusive prize package to a randomly-selected member of the Cabana Club on April 20, 2022 at 4:20 PM Mountain Time.1 The prize package will consist of a car valued at approximately $42,000, or a cash equivalent, as well as an all-expenses paid roundtrip flight to Calgary and dinner with Raj Grover, the Company's President and Chief Executive Officer. Once confirmed, the details of the winner will be shared via press release, High Tide's social media channels, and the Company's website.
"Although closings of some acquisitions are taking longer than anticipated due to new regulatory timelines and considerations, we are continuing our strong organic growth trajectory across Canada. Our existing stores in both Red Deer and London have performed very well, and we are anticipating further positive results from these new locations as we expand our footprint in both cities," said Raj Grover, President and Chief Executive Officer of High Tide. "More store sites remain under construction in other jurisdictions across Canada, and we anticipate announcing the opening of these locations over the coming weeks. I also look forward to sharing details about the Cabana Club contest winner shortly after 4/20, along with our 4/20 sales numbers as we have historically done," added Mr. Grover.
High Tide is a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets. The Company is the largest non-franchised Canadian retailer of recreational cannabis as measured by revenue, with 115 current locations spanning Ontario, Alberta, Manitoba, and Saskatchewan. High Tide was featured in the third annual Report on Business Magazine's ranking of Canada's Top Growing Companies in 2021 and was named as one of the top 10 performing diversified industries stocks in the 2022 TSX Venture 50™. The Company is also North America's first and only cannabis discount club retailer, featuring Canna Cabana, Meta Cannabis Co., and Meta Cannabis Supply Co. banners, with additional locations under development across the country. High Tide's portfolio also includes retail kiosk and smart locker technology – Fastendr™. High Tide has been serving consumers for over a decade through its established e-commerce platforms including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com and more recently in the hemp-derived CBD space through Nuleafnaturals.com, FABCBD.com, BlessedCBD.co.uk, and BlessedCBD.de, as well as its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. High Tide's strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information about High Tide Inc., please visit www.hightideinc.com, its profile page on SEDAR at www.sedar.com, and its profile page on EDGAR at www.sec.gov.
Certain statements in this news release are forward-looking information or forward-looking statements. Such information and statements, referred to herein as "forward-looking statements" are made as of the date of this news release or as of the date of the effective date of information described in this news release, as applicable. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (generally, forward-looking statements can be identified by use of words such as "outlook", "expects", "intend", "forecasts", "anticipates", "plans", "projects", "estimates", "envisages, "assumes", "needs", "strategy", "goals", "objectives", or variations thereof, or stating that certain actions, events or results "may", "can", "could", "would", "might", or "will" be taken, occur or be achieved, or the negative of any of these terms or similar expressions, and other similar terminology) are not statements of historical fact and may be forward-looking statements.
Such forward-looking statements are based on assumptions that may prove to be incorrect, including but not limited to the ability of High Tide to execute on its business plan and that High Tide will receive one or multiple licenses from Alberta Gaming, Liquor & Cannabis, British Columbia's Liquor Distribution Branch, Liquor, Gaming and Cannabis Authority of Manitoba, Alcohol and Gaming Commission of Ontario or the Saskatchewan Liquor and Gaming Authority permitting it to carry on its Canna Cabana Inc. business. High Tide considers these assumptions to be reasonable in the circumstances. However, there can be no assurance that any one or more of the government, industry, market, operational or financial targets as set out herein will be achieved. Inherent in the forward-looking statements are known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements, or industry results, to differ materially from any results, performance or achievements expressed or implied by such forward-looking statements.
The forward‐looking statements contained herein are current as of the date of this news release. Except as required by law, High Tide does not have any obligation to advise any person if it becomes aware of any inaccuracy in or omission from any forward-looking statement, nor does it intend, or assume any obligation, to update or revise these forward-looking statements to reflect new events or circumstances. Any and all forward-looking statements included in this news release are expressly qualified by this cautionary statement, and except as otherwise indicated, are made as of the date of this news release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.
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SOURCE High Tide Inc. | https://www.kxii.com/prnewswire/2022/04/19/high-tide-open-two-new-canna-cabana-retail-cannabis-stores-mark-420-holiday/ | 2022-04-19T10:43:24Z |
Construction of the 75-mile fiber-rich network expansion project to begin in late 2022, bringing connectivity to more than 3,400 homes and businesses
SPRING HILL, Kan., Aug. 25, 2022 /PRNewswire/ -- Comcast announced it is expanding its fiber-rich network to homes and businesses citywide in Spring Hill to further enhance broadband connectivity and better serve its citizens with fast, reliable Internet service. Working with the City of Spring Hill, Comcast will bring secure gigabit broadband service to more than 3,400 homes and businesses citywide and will invest $9 million in a 2-year project to expand its fiber-rich network infrastructure over 75 miles in the area.
Comcast is committed to bringing connectivity to more areas in Kansas and worked closely with the City of Spring Hill to make fast Internet a reality for all. The expansion will bring residential broadband speeds faster than 1 gigabit per second (Gbps) and business speeds up to 100 Gbps. Over the past three years, Comcast has enhanced its network and product offerings to reach more residents and businesses in the surrounding area with gigabit-capable speeds. In that time, Comcast has invested more than $12.6 million in technology and infrastructure in Kansas, including upgrades to our network; this Spring Hill expansion brings the company's statewide investment to more than $21 million.
"This is an exciting time for the City of Spring Hill. Broadband has been an issue for many years, and this is a city-wide solution that will benefit everyone in the community," said Spring Hill Mayor, Joe Berkey. "A real broadband solution was one of the highest priorities on my list when I took office, and I tackled it head-on. Comcast investing in our community will have an immediate impact in fulfilling a need for our residents and will also provide long-term development benefits. We will do our best to keep open lines of communication throughout the construction process. This is a good day for Spring Hill and a great step forward toward our future."
"Ensuring all Spring Hill residents have access to reliable, high-speed internet is a top priority for Comcast," said Kalyn Hove, Regional Senior Vice President for Comcast. "As the world we live in becomes increasingly digital, we remain focused on not only bringing our broadband network to more Spring Hill homes and businesses, but also on future-proofing our network to meet the ever-increasing appetite for education, business, entertainment and more."
Residential customers will be able to take advantage of Xfinity's full suite of internet products, including the company's Internet Essentials program that provides low-cost, high-speed broadband for income-constrained households. Since its inception in 2011, the program has connected more than 5,200 students, parents, veterans and seniors in Kansas. Comcast also participates in the Affordable Connectivity Program (ACP), which provides qualifying households a $30 monthly credit toward internet and mobile services.
For local businesses, Comcast Business will offer a suite of connectivity, communications, networking, cybersecurity, wireless, and managed solutions to help organizations of different sizes prepare for what's next. Powered by the nation's largest Gig-speed broadband network, and backed by 24/7 customer support, Comcast Business is the nation's largest cable provider to small and mid-size businesses and one of the leading service providers to the Enterprise market. Comcast Business has been consistently recognized by industry analysts and associations as a leader and innovator, and one of the fastest growing providers of Ethernet services.
About Comcast
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on connectivity, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information.
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SOURCE Comcast | https://www.kxii.com/prnewswire/2022/08/25/comcast-city-spring-hill-announce-9-million-project-deliver-high-speed-internet-homes-businesses-citywide/ | 2022-08-25T15:55:13Z |
The Artemis I mega moon rocket is ready to fuel up.
The fourth attempt of a final prelaunch test started on Saturday, with fueling of the rocket expected to begin Monday morning.
The crucial test, known as the wet dress rehearsal, simulates every stage of launch without the rocket leaving the launchpad at Kennedy Space Center in Florida.
This process includes loading supercold propellant, going through a full countdown simulating launch, resetting the countdown clock and draining the rocket tanks.
The results of the wet dress rehearsal will determine when the uncrewed Artemis I will launch on a mission that goes beyond the moon and returns to Earth. This mission will kick off NASA's Artemis program, which is expected to return humans to the moon and land the first woman and first person of color on the lunar surface by 2025.
Three previous attempts at the wet dress rehearsal in April were unsuccessful, concluding before the rocket could be fully loaded with propellant due to various leaks. These have since been corrected, NASA says.
The NASA team rolled the 322-foot-tall (98-meter-tall) Artemis I rocket stack, including the Space Launch System and Orion spacecraft, back to the launchpad at Kennedy Space Center in Florida on June 6.
Wet dress rehearsal: What to expect
The wet dress rehearsal began at 5 p.m. ET Saturday with a "call to stations" -- when all of the teams associated with the mission arrive at their consoles and report they're ready for the test to begin and kick off a two-day countdown.
Preparations over the weekend will set up the Artemis team to start loading propellant into the rocket's core and upper stages.
There is currently a live view of the rocket on NASA's website, with intermittent commentary.
The mission management team chair gave a "go" to begin fueling, but the team is waiting for the launch director to officially decide when to begin.
Tanking is currently on hold because of an issue identified with the backup supply of gaseous nitrogen. The launch team has already replaced the valve causing the issue. The hold could last for up to 90 minutes.
A two-hour test window will begin later Monday, with the Artemis team targeting the first countdown at 2:40 p.m. ET.
First, team members will go through a countdown to 33 seconds before launch, then stop the cycle. The clock will be reset; then the countdown will resume again and run until about 10 seconds before a launch would occur.
"During the test, the team may hold during the countdown as necessary to verify conditions before resuming the countdown, or extend beyond the test window, if needed and resources allow," according to an update on NASA's website.
The previous wet dress rehearsal attempts have already completed many objectives to prepare the rocket for launch, said Charlie Blackwell-Thompson, Artemis launch director for NASA's Exploration Ground Systems Program, during a Wednesday news conference.
"We hope to finish them off this time around and get through the cryogenic loading operations along with terminal count," she said. "Our team is ready to go, and we're looking forward to getting back to this test."
The mission team is looking at possible launch windows for sending Artemis I on its journey to the moon in late summer: August 23 to August 29, September 2 to September 6 and beyond.
Once the Artemis rocket stack completes its wet dress rehearsal, it will roll back into the space center's Vehicle Assembly Building to wait for launch day.
There is a long history behind the arduous testing of new systems before a launch, and the Artemis team faces similar experiences to those of the Apollo- and shuttle-era teams, including multiple test attempts and delays.
"There's not a single person on the team that shies away from the responsibility that we have to manage ourselves and our contractors and to deliver, and deliver means meeting those flight test objectives for (Artemis I), and meeting the objectives of the Artemis I program," said Jim Free, associate administrator for NASA's Exploration Systems Development Mission Directorate, during last week's news conference.
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™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/watch-the-artemis-moon-rockets-final-prelaunch-test-on-the-launchpad/article_123577d6-15c9-5062-bc37-a494daff8c69.html | 2022-06-20T12:37:15Z |
Tentative $161.5 million settlement reached in opioid trial
CHARLESTON, W.Va. (AP) — Attorneys for the state of West Virginia and two remaining pharmaceutical manufacturers have reached a tentative $161.5 million settlement just as closing arguments were set to begin in a seven-week trial over the opioid epidemic, Attorney General Patrick Morrisey said Wednesday.
Morrisey announced the development in court in the state’s lawsuit against Teva Pharmaceuticals Inc., AbbVie’s Allergan and their family of companies. The judge agreed to put the trial on hold to give the parties the opportunity to reach a full settlement agreement in the upcoming weeks. No financial terms were announced.
“We are very optimistic that we can do so,” Morrisey said.
The trial started on April 4. The lawsuit accused the defendants of downplaying the risks of addiction associated with opioid use while overstating the benefits.
West Virginia had reached a $99 million settlement with Johnson & Johnson’s subsidiary Janssen Pharmaceuticals Inc. last month over the drugmaker’s role in perpetuating the opioid crisis in the state that has long led the nation in drug overdose deaths.
Before the trial started, Morrisey’s office announced the state settled part of the lawsuit involving another defendant, Endo Health Solutions, for $26 million.
State and local governments, Native American tribes, unions, hospitals and other entities have filed more than 3,000 lawsuits involving the opioid epidemic in state and federal courts.
In Charleston, a separate bench trial wrapped up last summer in a federal lawsuit accusing AmerisourceBergen, Cardinal Health and McKesson of fueling the opioid crisis in Cabell County and the city of Huntington. That judge has not indicated when he will rule.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/05/25/tentative-1615-million-settlement-reached-opioid-trial/ | 2022-05-25T14:37:20Z |
Set to Debut in Early 2023, the Viking Saturn Meets Water for First Time
LOS ANGELES, June 23, 2022 /PRNewswire/ -- Viking® (www.viking.com) today announced its newest ocean ship—the 930-guest Viking Saturn®—was "floated out," marking a major construction milestone and the first time the ship has touched water. Scheduled to debut in April 2023, the Viking Saturn will spend her maiden season sailing itineraries in the Mediterranean and in Northern Europe.
"It is always a proud day when a new Viking ship meets water for the first time and moves one step closer to joining her sister ships in our fleet," said Torstein Hagen, Chairman of Viking. "Together with Fincantieri, we have built the world's most elegant ocean vessels—and we look forward to welcoming our first guests on board the Viking Saturn when she is delivered next spring."
The traditional float out ceremony took place at Fincantieri's Ancona shipyard and is significant because it denotes a ship moving into its final stage of construction. The float out of the Viking Saturn began at approximately 11:00 a.m. local time when the Viking team cut a cord that signalled water to flow into the ship's building dock. Following a two-day process that will set the Viking Saturn afloat, she will then be moved to a nearby outfitting dock for final construction and interior build-out.
Viking Saturn
Viking's ocean vessels have a gross tonnage of 47,800 tons, with 465 staterooms that can host 930 guests. The Viking Saturn will join the award-winning fleet of identical sister ships, which includes Viking Star®, Viking Sea®, Viking Sky®, Viking Orion®, Viking Jupiter®, Viking Venus® and Viking Mars® . The Viking Neptune® will be delivered in late 2022.
About Viking
Viking was founded in 1997 and provides destination-focused journeys on rivers, oceans and lakes around the world. Designed for experienced travelers with interests in science, history, culture and cuisine, Chairman Torstein Hagen often says Viking offers guests The Thinking Person's Cruise® in contrast to mainstream cruises. With more than 250 awards to its name, Viking has been rated the #1 River Cruise Line and #1 Ocean Cruise Line by Condé Nast Traveler in the publication's 2021 Readers' Choice Awards. Viking has also been consistently rated the #1 ocean cruise line and one of the best river cruise lines in Travel + Leisure's "World's Best" Awards. For additional information, contact Viking at 1-800-2-VIKING (1-800-284-5464) or visit www.viking.com. For Viking's award-winning enrichment channel, visit www.viking.tv.
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SOURCE Viking | https://www.wibw.com/prnewswire/2022/06/23/viking-marks-float-out-newest-ocean-ship/ | 2022-06-23T17:57:14Z |
PSE&G's Customers Experience Fewer Outages Today, Demonstrating $4.8 Billion Investments Enhance Resiliency and Improve Reliability
NEWARK, N.J. , June 9, 2022 /PRNewswire/ -- Public Service Electric and Gas, New Jersey's largest utility, is well prepared to support customers and the state for what experts say could be another very active hurricane season. Ten years after Superstorm Sandy raged across the East Coast, PSE&G continues to protect customers' utility service from the damaging impact of extreme weather by strengthening and upgrading its infrastructure. This work contributed to PSE&G customers experiencing fewer outages and the utility achieving strong reliability performances for 2021, one of the best in the last 10 years.*
The $4.8 billion investment in infrastructure strengthening and modernization programs, portions of which are still in progress, spans PSE&G programs Energy Strong I and II and Gas System Modernization Program I and II and includes raising, rebuilding, eliminating and equipment upgrades at 26 stations, many of which were damaged by flooding during Sandy. PSE&G also installed smart grid technologies, replaced close to 2,000 miles of aging gas lines and added digital and other technologies to make the network more intelligent and agile.
PSE&G has received the Mid-Atlantic ReliabilityOne award from PA Consulting for 20 consecutive years, additional evidence that our efforts to strengthen our electric system is benefiting customers.
The benefit to customers was evident last year when Tropical Storm Ida brought historic flooding to most of the utility's service territory. Tropical Storm Ida and its remnants would cause more than $75 billion in damage nationwide – surpassing the damage caused by Superstorm Sandy in 2012. PSE&G's infrastructure stood strong. A total of 215,000 customers lost power compared to more than 2 million who suffered lengthy outages during Sandy. By replacing and modernizing low-pressure cast iron gas mains in or near flood areas, we protected 90,000 customers from risk of losing gas service due to flooding.
"During Superstorm Sandy, I was one of the South Hoboken Commanders for the Hoboken Police Department. The western half of the city was under at least 6 feet of water, which included the PSE&G Marshall Street Substation and our entire city was without power for a week, creating dangerous situations for every resident and every first responder," said Kenneth Ferrante, Director of Public Safety for the City of Hoboken. Over the past ten years, as OEM coordinator, police chief and now public safety director for Hoboken, I have witnessed PSE&G's critical commitment to improving infrastructure. From working with the city to relocate and elevate our main substation out of the flood zone to integrating upgraded cables and stronger poles, PSE&G has been an invaluable partner in making our community safer and more resilient. PSE&G's commitment to working with our city government brought Hoboken to a place where there was not one power outage during either Ida or Hurricane Henri. When major storms bring little negative impact, residents stay safe and get back to their normal routines much sooner."
PSE&G has upgraded lines and installed more redundant circuits so that if a portion of a line gets damaged, we can prevent an outage by using another electrical pathway. These improvements and upgrades allow power to be restored quicker, especially for critical facilities. In the areas served by new infrastructure, critical facilities like hospitals, water treatment plants and other essential providers of health and safety services, had their outage times dramatically reduced.
"We're expecting this hurricane season to be another busy, potentially dangerous one with more major storms, so we urge customers to make plans and prepare now," said Kim Hanemann, PSE&G president and chief operating officer. "The work we began a decade ago is paying off – fewer customers are experiencing outages and when they do occur, we can restore power more quickly. Continuing these investments to protect our customers from extreme weather is fundamental to our Powering Progress vision of a future where people use less energy, and it's cleaner, safer and delivered more reliably than ever."
Colorado State University meteorologists predict there will be 20 named storms this year - including four major hurricanes, well above-average activity. Last year, there were 21 named storms, making it the sixth consecutive year of above-average hurricane activity.
PSE&G customers can prepare for the upcoming season by:
- Create an emergency kit including a battery-powered radio, alarm clock, flashlights, batteries, bottled water and nonperishable food. For more information, see the American Red Cross recommendations.
- Prepare for power outages by charging our phones, tablets, power backups and other mobile devices. If you have a gas-powered backup generator, learn to use it safely. Stay informed with MyAlerts.
- Register life-sustaining equipment needs with PSE&G. If you or a loved one relies on electricity to operate life-sustaining equipment, it is critical to inform PSE&G by completing the Critical Care Application in advance of storms.
- Prepare for wind or flooding by securing outside objects like garbage cans and patio furniture and turning off power to natural gas appliances and supply valves. If you must evacuate, shut off the gas valve at the meter before leaving.
- If you have a power generator always operate your generator according to the directions in the owner's manual. Never use a generator or other fuel-powered machines inside. Generators can produce 100 times more carbon monoxide (CO) than a car. Hazardous CO fumes are odorless and can quickly overwhelm you in minutes if a generator is used indoors, even with doors and windows open. This includes outbuildings like sheds or garages.
* As measured by the average number of customers who experienced outages lasting for more than five minutes in 2021 – a key reliability metric in the electric utility industry.
Public Service Electric & Gas Co. is New Jersey's oldest and largest gas and electric delivery public utility, serving three-quarters of the state's population, as well as one of the nation's largest utilities. PSE&G has won the ReliabilityOne Award for superior electric system reliability in the Mid-Atlantic region for 20 consecutive years. PSE&G received the 2022 ENERGY STAR® "Partner of the Year" award in the Energy Efficiency Program Delivery category, and is a 2021 Customer Champion and Most Trusted Brand as named by Escalent. PSE&G is a subsidiary of Public Service Enterprise Group Inc., (PSEG) (NYSE:PEG), a predominantly regulated infrastructure company focused on a clean energy future and has been named to the Dow Jones Sustainability Index for North America for 14 consecutive years (www.pseg.com).
Visit PSEG at:
www.pseg.com
PSEG on Facebook
PSEG on Twitter
PSEG on LinkedIn
PSEG Energize!
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SOURCE Public Service Electric & Gas (PSE&G) | https://www.mysuncoast.com/prnewswire/2022/06/09/decade-after-superstorm-sandy-new-jerseys-infrastructure-is-considerably-more-prepared-hurricane-season/ | 2022-06-09T18:44:33Z |
US Marshals’ operation recovers 16 missing children and uncovers allegations of sex trafficking, agency says
By Emma Tucker
A three-month operation by the US Marshals Service in Louisiana led to the recovery of 16 missing children, the arrest of five individuals and uncovered allegations of sex trafficking in several of the cases, according to the agency.
The operation, dubbed “Fresh Start,” took place in the New Orleans area from January 1 of this year until March 31, according to a news release. It was led by the Missing Child Unit of the US Marshals Service Eastern District of Louisiana New Orleans Task Force.
It ended in the rescue or recovery of 16 missing and endangered children, the agency said. “Based on the operation at least four (4) felony warrant(s) exist for adults suspected of involvement with MCU minors and the USMS New Orleans Task Force is actively pursuing these fugitives,” the news release states.
The Marshals Service highlighted several cases in which children were recovered and rescued as part of the collaborative effort. In one case, a 5-year-old girl and a 7-year-old boy were recovered in late January after they were taken by a non-custodial parent, who is their mother.
“The Jefferson Parish Sheriff’s Office issued a felony warrant for the mother of the children for Kidnapping, and she made active attempts to avoid arrest along the way,” the news release states. The mother took the children to the Fort Lauderdale, Florida, area where a task force recovered the children and arrested the mother.
On January 31, a 1-year-old baby abducted in New Orleans by his father who had shot and killed the infant’s grandfather was safely located and recovered. The father surrendered to the New Orleans Police Department, according to the release.
In March, a 14-year-old “habitual runaway and previous victim of sexual assault” from St. Tammany Parish was recovered in Addis, Louisiana, with assistance from the West Baton Rouge Sheriff’s Office, the release states.
“I am very proud of the cooperative work done by all the agencies involved in safeguarding at risk children. Our Office is proud to be a part of a robust MCU program that took root in New Orleans starting in 2016,” US Marshal Scott Illing said in a statement.
“This work is being done with our partners while our office still performs its critical USMS missions (judicial and witness security, managing federal prisoners, violent fugitives’ apprehension, sex offender investigations, and service of federal process),” Illing said.
Several other agencies also participated in the operation, including the New Orleans Police Department, the Federal Bureau of Investigation and the New York Police Department, the news release states.
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™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/national-world/cnn-national/2022/04/10/us-marshals-operation-recovers-16-missing-children-and-uncovers-allegations-of-sex-trafficking-agency-says/ | 2022-04-10T19:59:08Z |
TOKYO (AP) — Troubled Japanese technology giant Toshiba announced some additions to its proposed leadership Thursday, ahead of a shareholders’ meeting next month.
Toshiba Corp. said it seeks to add on the board outside directors, such as Nabeel Bhanji, an executive at Elliott Opportunity II Corp., which handles acquisitions and investments, and Eijiro Imai, a former managing director at Farallon Capital Management, a U.S. investment firm.
Also proposed for the board is Akihiro Watanabe, an executive at Houlihan Lockey, a U.S. investment bank.
Tokyo-based Toshiba has been trying to win over shareholders to a restructuring plan.
Earlier this year, it tapped Taro Shimada, an executive officer and corporate senior vice president, to replace Satoshi Tsunakawa as chief executive.
Shimada was an executive at Siemens, both in Japan and the U.S., before joining Toshiba in 2018, working in its digital operations.
In February, Toshiba proposed splitting into two companies, one focused on infrastructure and the other on devices. That was voted down in March.
Some shareholders, including foreign investment funds and U.S.-based proxy advisory firm Institutional Shareholders Services, opposed that plan.
An earlier plan, also scrapped, called for a three-way split. Toshiba management had defended the February proposed plan as less costly.
The latest proposal for an overhauled leadership, including the appointment of Shimada as chief executive, still needs shareholders’ approval.
Toshiba has been struggling since the Fukushima nuclear disaster in March 2011. A tsunami sent three reactors into meltdowns, spewing radiation over an area that’s still partly a no-go zone. Toshiba is involved in the decommissioning effort, which will take decades.
The company’s reputation was also tarnished by an accounting scandal, which involved books being doctored for years.
Last year, Nobuaki Kurumatani abruptly resigned as Toshiba president. Kurumatani had headed global fund CVC Capital Partners’ Japan operations before joining Toshiba in 2018.
Kurumatani was replaced by Tsunakawa, a veteran at Toshiba, who had served as chief executive from 2016.
Founded in 1875, Toshiba was a respected brand with Japanese consumers for products like electric rice cookers and laptop computers. It sold off its prized flash memory business as its fortunes tumbled.
___
Yuri Kageyama is on Twitter https://twitter.com/yurikageyama | https://cw33.com/business/ap-business/japans-troubled-toshiba-proposes-outside-directors-to-board/ | 2022-05-26T16:29:35Z |
AKRON, Ohio (AP) — Hundreds of people gathered at a theater in Akron, Ohio, on Wednesday to commemorate the life of Jayland Walker, a 25-year-old Black man killed in a hail of police gunfire last month.
Walker was remembered by family and friends as a shy, kind, thoughtful man with a quiet sense of humor. There were also calls from those who spoke at the funeral about the need for justice for Walker and other Black men and women killed by police.
“We thank you God that Jayland’s life has touched so many people around the world,” said Pastor Robert DeJournett of Akron’s St. Ashworth Temple Church of God in Christ “I’m believing that this is gonna be the last time that we have to do this. But God, we’re going to continue to push and push and push until a change is gonna come.”
Mourners, some wearing “Black Lives Matter” and “Zero Threat, Zero Violence, Justice for Jayland” T-shirts passed by Walker’s casket before the funeral.
“When I think about Jayland, I think about someone who had the biggest heart,” said Robin Elerick, a cousin of Walker’s who spoke at the service. “He was so sweet and so authentically genuine, and that’s what I’ll always remember about him.”
Walker’s best friend, through tears, recalled how they were like brothers and listened to music together including one of Walker’s favorite rappers, Jadakiss.
“I don’t want anybody to try to make it seem like my best friend was a bad dude,” said Dupri Whatley. “Because he was not. If it wasn’t for him, I probably wouldn’t be where I’m at now.”
Bishop Timothy Clarke, of the First Church of God in Columbus, preached about how Walker’s death, and the deaths of other men and women, cannot be normalized.
“We must not try to act as if this is all right,” Clarke said. “This is not all right. There’s nothing right about this. We should not be here, and Jayland should not be in that box.”
An attorney for Walker’s family, Bobby DiCello, said during a news conference following the funeral that the United Nations Expert Mechanism to Advance Racial Justice and Equality Law Enforcement has committed to examine Walker’s death.
DiCello said Akron and its police department need to make policy changes such as installing dashboard cameras in police cruisers. He insisted that Akron city officials need to publicly apologize to Walker’s family.
“We’re going to hold them accountable for every single bullet they fired in this case,” DiCello said,
Walker was killed June 27 at the end of a vehicle and foot chase that followed an attempted traffic stop. He wasn’t armed when he was shot, but authorities said Walker had fired a shot from his car 40 seconds into the vehicle chase. Police body camera footage released by the city on July 3 shows Walker wearing a ski mask, jumping out the front passenger door of his still-moving car and then running into a parking lot.
That blurry footage does not clearly show what authorities say was a threatening gesture before he was shot by eight officers, seven of whom are white and one who is Black.
Investigators haven’t confirmed how many rounds were fired or how many times he was shot. The Summit County medical examiner’s office said it found more than 60 wounds on Walker’s body but hasn’t said how many were entrance and exit wounds.
Akron police released a photo that showed an unloaded handgun, an ammunition clip and what appeared to be a wedding ring on the driver’s seat of Walker’s car.
Less than 24 hours before the Akron pursuit, an officer in nearby New Franklin Township had tried to stop a car believed to be Walker’s for the same equipment violations that led to the Akron chase. A police supervisor called off the pursuit when the driver crossed the township border into Akron.
Akron has seen daily protests city officials released body camera footage from the eight officers on July 3. Downtown Akron is under a curfew from 11 p.m. to 5 a.m.
Akron police asked the Ohio Bureau of Criminal Investigation to handle the investigation into the shooting. BCI’s findings will be turned over to the Summit County prosecutor’s office to present evidence to a grand jury to determine if any officers will be charged criminally. | https://cw33.com/news/u-s-news/ap-us-headlines/jayland-walkers-funeral-follows-days-of-protest-in-akron/ | 2022-07-14T12:14:57Z |
New Business Unit Builds on Acquisition of Monitor Life, Catalyzes Continued Expansion of Accident & Health Product Offerings
NEW YORK, Sept. 15, 2022 /PRNewswire/ -- Today, Crum & Forster announced the launch of its new Life Insurance business unit, building on the organization's 2021 acquisition of Monitor Life Insurance Company of New York.
AM Best has also reaffirmed Crum & Forster's "A" financial strength rating, which includes Monitor Life and the wholly owned captive facility, Crum & Forster Segregated Portfolio Company (SPC) located in the Cayman Islands. S&P has also recently upgraded the financial strength rating for Fairfax Financial Holdings, the parent company of C&F, to "A."
Crum & Forster's acquisition of Monitor Life and launch of a new life insurance business unit will allow the organization to continue expanding its Accident and Health (A&H) offerings in an evolving marketplace. With Certificates of Authority in 48 states (pending approval in MN, OR), filings for the initial suite of products are underway and sales will begin in Q4 this year. The acquisition and new unit will give Crum & Forster A&H the ability to write a full suite of life products, and also give the company the flexibility to add additional A&H products moving forward.
"This is an exciting development for Crum & Forster, and we look forward to expanding our offerings to enhance our capabilities to meet and exceed clients' expectations," said Gary McGeddy, A&H President. "As a business, we are committed to designing a diversified portfolio that delivers superior customer service to our partners. Our new life business is another step along that journey."
The company will continue marketing through MGUs, TPAs, brokers, agents and program managers. Crum & Forster's nationwide licensure also allows other insurance companies to round out their geographic footprint through strategic partnerships and flexible risk share arrangements.
"We look forward to working with our partners to expand our value proposition and continue providing new, high-quality products and services," said Gary Nidds, head of Crum & Forster's new Life business unit and its A&H Medical business unit. "As we continue to diversify and put forth innovative product offerings, we're excited to be a catalyst of opportunity within the life insurance ecosystem."
Crum & Forster,* rated A (Excellent) by AM Best (2022), is a national commercial property and casualty group of insurance companies wholly owned by Fairfax Financial Holdings Limited. Since 2000, Crum & Forster's Accident & Health Division has offered a diverse portfolio of specialty insurance and reinsurance products nationwide. We place a strong focus on product development and creative distribution methods, along with excellent client service and support. In addition, our ability to provide international Accident & Health solutions through our Cayman Island captive facility as well as through various partnerships within the Fairfax family demonstrates our dedication to providing alternative strategies in an ever-changing insurance market. Follow us on LinkedIn, Twitter and Instagram.
*The C&F logo, C&F and Crum & Forster are registered trademarks of United States Fire Insurance Company.
Media Contact
Hallie Harenski
VP C&F Corporate Communications
mediainquiries@cfins.com
Michelle Tavora
AVP C&F A&H Communications
michelle.tavora@cfins.com
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SOURCE Crum & Forster | https://www.kxii.com/prnewswire/2022/09/15/crum-amp-forster-accident-amp-health-division-announces-launch-new-life-insurance-business-unit/ | 2022-09-15T17:58:10Z |
DALLAS (KDAF) — Everyone needs a best platonic friend in their life, there’s no doubting that. Friend dates are of the utmost importance to keep the friendships strong and having a good ole time.
North Texas is filled with some incredible spots to catch up with friends old and new. OpenTable and Bumble say, “Why didn’t anyone tell us that making friends as an adult is hard? One part of it doesn’t have to be—while you were doing the legwork to meet new people, OpenTable was analyzing reservations and reviews to find the 100 best restaurants to meet up with friends new and old.”
The two paired up to rank the 100 best restaurants for a friend date in the entire US and of course, North Texas made the list. Here are the restaurants named on the extensive list:
- Texas – Richardson
- Perry’s Steakhouse & Grille – Grapevine
- Bob’s Steak & Chop House – Grapevine
- Al Biernat’s – Oak Lawn
- Nick & Sam’s Steakhouse – Uptown
For the full list, click here! | https://cw33.com/news/local/dallas-eateries-ranked-among-100-best-restaurants-for-a-friend-date-in-us/ | 2022-08-07T14:56:40Z |
Elections Office to host voter registration drive at Topeka library
TOPEKA, Kan. (WIBW) - The Elections Office is set to help Shawnee Co. residents register or update information to vote in the upcoming elections during a drive at the Topeka and Shawnee Co. Library.
Shawnee County Election Commissioner Andrew Howell says his office will host a voter registration drive ahead of the upcoming deadline at the Topeka and Shawnee County Public Library, 1515 SW 10th Ave.
Election Commissioner Howell said staff will be at the library to register voters during the following times:
Howell has encouraged voters to ensure their registration is current before the deadline on Tuesday, July 12.
The Commissioner noted that the event at the library is meant to be an easy way for voters to register or update their registration. He said advance voting in person at the Shawnee Co. Election Office is set to start on Monday, July 18. He said the office will be open from 8 a.m. to 7 p.m. for advance voting on the following dates:
- Monday - Friday, July 18 - 22
- Monday - Friday, July 25 - 29
- Monday, Aug. 1
Those with questions about voter registration should call the Shawnee Co. Election Office at 785-251-5900.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/06/25/elections-office-host-voter-registration-drive-topeka-library/ | 2022-06-25T20:23:45Z |
CHARLOTTE, N.C., Sept. 12, 2022 /PRNewswire/ -- Driven Brands Holdings Inc. ("Driven Brands" or the "Company") (NASDAQ: DRVN), announced today that certain of its stockholders that are affiliates of Roark Capital Management, LLC (the "Selling Stockholders") intend to offer for sale in an underwritten secondary offering of 7,000,000 shares of Driven Brands common stock (the "Offering"). The Selling Stockholders will receive all of the proceeds from the Offering. Driven Brands is not selling any shares of common stock in the Offering and will not receive any proceeds from the Offering.
BofA Securities and Morgan Stanley are acting as underwriters for the Offering. The underwriters for the Offering may offer the shares of common stock for sale from time to time directly or through agents, or through brokers in one or more brokerage transactions on NASDAQ, or to dealers in negotiated transactions or in a combination of such methods of sale, at a fixed price or prices, which may be changed, or at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission (the "SEC"), and became automatically effective. This Offering is being made only by means of a preliminary prospectus supplement and an accompanying base prospectus, a copy of which may be obtained from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, Email: dg.prospectus_requests@bofa.com; and Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014. A copy of the preliminary prospectus supplement and accompanying base prospectus relating to the Offering may also be obtained free of charge by visiting EDGAR on the SEC website at www.sec.gov.
This press release shall not constitute an offer to sell, or the solicitation of an offer, to buy these securities nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Driven Brands Holdings Inc.
Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash. Driven Brands is the parent company of some of North America's leading automotive service businesses including Take 5 Oil Change®, Take 5 Car Wash®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, CARSTAR®, and Auto Glass Now®. Driven Brands has more than 4,600 locations across 15 countries, and services over 50 million vehicles annually. Driven Brands' network generates more than $1.7 billion in annual revenue from more than $5.0 billion in system-wide sales.
Cautionary Note Concerning Forward-Looking Statements
This press release includes "forward looking information," including with respect to the Offering. These statements are made through the use of words or phrases such as "will" or "expect" and similar words and expressions of the future. Forward-looking statements involve known and unknown risks, uncertainties and assumptions, including the risks outlined under "Risk Factors" in the preliminary prospectus supplement and the accompanying base prospectus, and elsewhere in the Company's filings with the SEC, which may cause actual results to differ materially from any results expressed or implied by any forward-looking statement. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it cannot guarantee future results. The Company has no obligation, and does not undertake any obligation, to update or revise any forward-looking statement made in this press release to reflect changes since the date of this press release, except as required by law.
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SOURCE Driven Brands | https://www.wibw.com/prnewswire/2022/09/12/driven-brands-announces-secondary-offering-common-stock/ | 2022-09-12T23:20:07Z |
REMINGTON, Va. (AP) — For years, there’s been a cardinal rule for flying civilian drones: Keep them within your line of sight. Not just because it’s a good idea — it’s also the law.
But some drones have recently gotten permission to soar out of their pilots’ sight. They can now inspect high-voltage power lines across the forested Great Dismal Swamp in Virginia. They’re tracking endangered sea turtles off Florida’s coast and monitoring seaports in the Netherlands and railroads from New Jersey to the rural West.
Aviation authorities in the U.S. and elsewhere are preparing to relax some of the safeguards they imposed to regulate a boom in off-the-shelf consumer drones over the past decade. Businesses want simpler rules that could open your neighborhood’s skies to new commercial applications of these low-flying machines, although privacy advocates and some airplane and balloon pilots remain wary.
For now, a small but growing group of power companies, railways and delivery services like Amazon are leading the way with special permission to fly drones “beyond visual line of sight.” As of early July, the U.S. Federal Aviation Administration had approved 230 such waivers — one of them to Virginia-based Dominion Energy for inspecting its network of power plants and transmission lines.
“This is the first step of what everybody’s expecting with drones,” said Adam Lee, Dominion’s chief security officer. “The first time in our nation’s history where we’ve now moved out into what I think everyone’s expecting is coming.”
That expectation — of small drones with little human oversight delivering packages, assessing home insurance claims or buzzing around on nighttime security patrols — has driven the FAA’s work this year to craft new safety guidelines meant to further integrate drones into the national airspace.
The FAA said it is still reviewing how it will roll out routine operations enabling some drones to fly beyond visual line of sight, although it it has signaled that the permissions will be reserved for commercial applications, not hobbyists.
“Our ultimate goal is you shouldn’t need a waiver for this process at all. It becomes an accepted practice,” said Adam Bry, CEO of California drone-maker Skydio, which is supplying its drones to Dominion, railroad company BNSF and other customers with permission to fly beyond line of sight.
“The more autonomous the drones become, the more they can just be instantly available anywhere they could possibly be useful,” Bry said.
Part of that involves deciding how much to trust that drones won’t crash into people or other aircraft when their operators aren’t looking. Other new rules will require drones to carry remote identification — like an electronic license plate — to track their whereabouts. And in the aftermath of Russia’s war in Ukraine — where both sides have used small consumer drones to target attacks — the White House has been pushing a parallel effort to counter the potential malicious use of drones in the U.S.
At a gas-fired plant in Remington, Virginia, which helps power some of Washington’s suburbs, a reporter with The Associated Press watched in June as Dominion Energy drone pilots briefly lost visual line of sight of their inspection drone as it flew around the backside of a large fuel tank and the top of a smoke stack.
That wouldn’t have been legally possible without Dominion’s recently approved FAA waiver. And it wouldn’t have been technically possible without advancements in collision-avoidance technology that are enabling drones to fly closer to buildings.
Previously, “you would have to erect scaffolding or have people go in with a bucket truck,” said Nate Robie, who directs the drone program at Dominion. “Now you can go in on a 20-minute flight.”
Not everyone is enthused about the pending rules. Pilots of hot air balloons and other lightweight aircraft warn that crashes will follow if the FAA allows largely autonomous delivery drones the right of way at low altitudes.
“These drones cannot see where they are flying and are blind to us,” said a June call to action from the Balloon Federation of America.
Broader concerns come from civil liberties groups that say protecting people’s privacy should be a bigger priority.
“There is a greater chance that you’ll have drones flying over your house or your backyard as these beyond-visual-line-of-sight drone operations increase,” said Jeramie Scott, a senior counsel at the Electronic Privacy Information Center who sat on the FAA’s advisory group working to craft new drone rules. “It’ll be much harder to know who to complain to.”
EPIC and other groups dissented from the advisory group’s early recommendations and are calling for stronger privacy and transparency requirements — such as an app that could help people identify the drones above them and what data they are collecting.
“If you want to fly beyond visual line of sight, especially if you are commercial, the public has a right to know what you’re flying, what data you are collecting,” said Andrés Arrieta, director of consumer privacy engineering at the Electronic Frontier Foundation. “It seems like such a low bar.” | https://cw33.com/news/nexstar-media-wire/new-frontier-for-drones-letting-them-fly-out-of-sight/ | 2022-07-06T12:39:00Z |
- Company has entered into a Memorandum of Understanding (MOU) for the acquisition of healthy breakfast brand, Brave, which would mark Creatd's fourth consumer brand acquisition under its Ventures pillar.
- The transaction is expected to close within the coming weeks; upon closing, it is anticipated that Brave will be immediately accretive to Creatd's revenues.
- Creatd additionally announces close of private placement priced at $2.00, two times Friday's market close.
- Proceeds from the private placement to be allocated in part toward numerous expansion initiatives outlined at the Company's recent Investor Day, including acquisitions and technology development.
NEW YORK, July 25, 2022 /PRNewswire/ -- Creatd, Inc. (Nasdaq CM: CRTD) ("Creatd" or the "Company"), the parent company of Creatd Ventures, today announced that it has entered into a non-binding Memorandum of Understanding ("MOU") to purchase a 100% ownership stake in Brave, a plant-based food company that provides convenient and healthy breakfast food products that don't compromise on taste and quality. Following the close of the proposed transaction, which the Company expects to occur within the coming weeks, Creatd will begin recognizing Brave's revenues in its consolidated financial statements, increasing the overall value of Creatd Ventures' portfolio.
Like the other brands in Creatd Ventures' portfolio–Camp, Dune, and Basis–Brave began with a creator and a problem to solve. The world was struggling with conventional breakfast options that pit nutrition against convenience. Brave was designed to break this mold, and emerged to offer consumers a better, healthier superfood breakfast.
Commented Thomas Punch, head of Creatd Ventures, "Brave has all the hallmarks of an ideal acquisition candidate for our portfolio of brands: a health and wellness consumer brand, with a subscription-oriented business model, that is meeting a growing demand among a loyal base of recurring consumers. Between our shared resource model and the audience insights leveraged from Vocal and from our brand collaborations, we believe that Creatd Ventures offers a significant value proposition for up-and-coming brands like Brave. Here, we help creators become entrepreneurs, and enable them to unlock scale while growing sustainably."
Additionally, Creatd today announced that it has entered into definitive agreements for a private placement with an aggregate principal amount of $2.15 million (the "Private Placement"). Pursuant to the Private Placement, the Company agrees to sell and issue original issue discount convertible debentures and warrants to purchase shares of common stock. The debentures will be issued with a 10% original issue discount, resulting in gross proceeds of approximately $1.9 million, have a maturity date of November 30, 2022, subject to extension by six months at the Company's option, and are convertible into shares of the Company's common stock at a conversion price of $2.00 per share. Participating in the transaction were numerous longtime investors in the Company.
Pursuant to the Private Placement, Creatd will also issue 1,075,000 warrants to purchase shares of common stock with an initial exercise price of $3.00 per share, and 1,075,000 warrants to purchase shares of common stock with an initial exercise price of $6.00 per share, both with a term of five years. The conversion price of the debenture is equal to the price per Unit of the Company's upcoming Rights Offering, being made pursuant to the Company's effective registration statement on Form S-1 (File No. 333-265251). Additionally, both warrants offered in the private placement have exercise prices equal to those included in the Rights offering Units.
The Private Placement is expected to close on or about July 25, 2022, subject to the satisfaction of customary closing conditions.
Commented Creatd's Executive Chairman Jeremy Frommer, "As we have communicated, both in our newly updated Expansion Plan deck as well as in management's presentation at last week's Investor Day, a core aspect of Creatd's expansion strategy involves us continuing to pursue acquisitions that align with and complement the brands in our existing Ventures portfolio. Brave is the latest example of this strategy coming to fruition, all while we continue building out our future target pipeline, and maintain active discussions with a number of other potential candidates. Given the momentum evident across all of Creatd's business pillars, we believe our decision to take advantage of this financing opportunity was a prudent one, enabling the Company to keep its foot on the gas pedal and continue riding our rapid pace of growth."
Continued Frommer, "We would also like to remind all of Creatd's existing and prospective shareholders of our rights offering calendar, as well as the upcoming Ownership Date cutoff this Wednesday, July 27th at 4:00 PM ET. This is the deadline by which you must purchase Creatd securities in order to be considered shareholder of record as of the Record Date. I am hopeful that, as we approach the Record Date and the start of the Subscription Period, when-issued trading on the publicly tradable warrants will begin soon."
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful.
Creatd, Inc. (Nasdaq CM: CRTD) is a company dedicated to unlocking creativity for creators, brands, and consumers. We accomplish this through Creatd's four business pillars: Creatd Labs, Creatd Partners, Creatd Ventures, and Creatd Studios.
Creatd: https://creatd.com;
Creatd IR: https://investors.creatd.com;
Vocal Platform: https://vocal.media;
Investor Relations Contact: ir@creatd.com
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.kxii.com/prnewswire/2022/07/25/creatd-announces-its-intent-acquire-brave-closes-215-million-above-market-financing/ | 2022-07-25T14:32:25Z |
OKLAHOMA CITY, June 7, 2022 /PRNewswire/ -- As the crisis in Ukraine continues, the consequences have been devastating for children and families affected by the war. The need for support is urgent and it is growing daily. Knowing it takes all of us working together to help those who are hurting, Teleperformance, HOPE worldwide and Feed the Children have joined forces to distribute food to several key Ukrainian cities and refugee areas.
The global nonprofit is collaborating with HOPE worldwide and its Global Disaster Response team, as well as its affiliates on the ground in Ukraine, Moldova, Romania, Poland and Hungary. A combination of hot meals, food baskets or food vouchers will be delivered to families through the end of July. HOPE worldwide plans to serve residents in Kyiv, Kharkiv, Lviv, Odesa, Dnipro, and Mykolaiv with a food parcel that will provide relief for up to 10 days. In some locations, bulk food supplies will be purchased locally and then assembled by HOPE worldwide's Ukraine staff and volunteers to meet the ongoing needs of families in peril.
To further extend the impact of the donation from Teleperformance, additional financial support was given through Feed the Children's individual donors as well as its corporate partners, AJC Cares, Sushi | Bar ATX, and Americold. By working in concert, these organizations hope to provide relief to nearly 1,700 families.
"In these unprecedented times, it's more important than ever to inspire greater hope,'' said Dave Malutinok, president and CEO of HOPE worldwide. "We've been working to provide families in Ukraine with food, medicine, and shelter since the crisis began. We're grateful for the great partnerships with Teleperformance and Feed the Children who are helping to change lives."
Teleperformance has been a long-time partner of Feed the Children, supporting its various disaster response initiatives through the donations it receives from its employees. Teleperformance then takes these gifts and empowers its employees to select humanitarian projects that they want to fund.
"Citizen of the World (COTW) is a global Teleperformance initiative to support the world's most vulnerable infants and children, and provide disaster relief in times of emergencies," said Clementine Gauthier, Global Head of CSR, Teleperformance. "Feed the Children has been a long-time valued partner of Teleperformance, and we are proud to work with them and HOPE worldwide on this critical need."
For more than 40 years, Feed the Children has mobilized its resources and responded when children needed food. Now, during the crisis in Ukraine, the nonprofit is grateful to its supporters who understand the urgent call to help create a world where no child goes to bed hungry.
"It is only through partnership and the generosity of our donors that we can respond during these critical times and reach families affected by tragedy," said Travis Arnold, president and CEO of Feed the Children. "Through our work with Teleperformance, Americold, AJC Cares, Sushi | Bar ATX and HOPE worldwide, we can support Ukrainians during this difficult time by providing them with food and vital resources."
Visit feedthechildren.org/disaster-response to learn more about how Feed the Children works with a vast network of community and corporate partners to provide disaster response around the world.
Teleperformance (TEP – ISIN: FR0000051807 – Reuters: TEPRF.PA - Bloomberg: TEP FP), a leading global group in digitally integrated business services, serves as a strategic partner to the world's largest companies in many industries. It offers a One Office support services model combining three wide, high-value solution families: customer experience management, back-office services and business process knowledge services. These end-to-end digital solutions guarantee successful customer interaction and optimized business processes, anchored in a unique, comprehensive high-tech, high-touch approach. The Group's 380,000+ employees, based in 83 countries, support billions of connections every year in over 265 languages and over 170 markets, in a shared commitment to excellence as part of the "Simpler, Faster, Safer" process. This mission is supported by the use of reliable, flexible, intelligent technological solutions and compliance with the industry's highest security and quality standards, based on Corporate Social Responsibility excellence. In 2020, Teleperformance reported consolidated revenue of €5,732 million (US$6.5 billion, based on €1 = $1.14) and net profit of €324 million.
Teleperformance shares are traded on the Euronext Paris market, Compartment A, and are eligible for the deferred settlement service. They are included in the following indices: CAC 40, CAC Support Services, STOXX 600, S&P Europe 350 and MSCI Global Standard. In the area of corporate social responsibility, Teleperformance shares are included in the Euronext Vigeo Eurozone 120 index, the FTSE4Good index and the Solactive Europe Corporate Social Responsibility index (formerly Ethibel Sustainability Excellence Europe index).
For more information: www.teleperformance.com Follow us on Twitter: @teleperformance
HOPE worldwide is an international charity that changes lives through the compassion and commitment of dedicated staff and volunteers to deliver sustainable, high-impact, community-based services to the materially poor and needy. Today HOPE worldwide serves more than 1.5 million people annually on every inhabited continent. For over 30 years, motivated by God's love, HOPE worldwide continues to be an organization dedicated to serving, teaching, healing and loving communities made vulnerable due to poverty, disease or disasters. Together we can inspire greater hope in our world.
To learn more about HOPE worldwide visit hopeww.org. To learn more about HOPE worldwide's Ukraine relief efforts, visit hopeww.org/ukrainerelief. Connect on Facebook, Instagram, YouTube, LinkedIn, Twitter and TikTok for the most current news on programs around the world.
At Feed the Children, we feed hungry kids. We envision a world where no child goes to bed hungry. In the U.S. and internationally, we are dedicated to helping families and communities achieve stable lives and to reducing the need for help tomorrow, while providing food and resources to help them today. We distribute product donations from corporate donors to local community partners, we provide support for teachers and students, and we mobilize resources quickly to aid recovery efforts when natural disasters strike. Internationally, we manage child-focused community development programs in eight countries. We welcome partnerships because we know our work would not be possible without collaborative relationships.
Visit feedthechildren.org for more information.
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SOURCE Feed the Children | https://www.wibw.com/prnewswire/2022/06/07/responding-crisis-ukraine-teleperformance-hope-worldwide-feed-children-join-forces-help-hurting/ | 2022-06-07T15:40:02Z |
NEW ORLEANS, Aug. 8, 2022 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of USA Truck, Inc. (NasdaqGS: USAK) to DB Schenker. Under the terms of the proposed transaction, shareholders of USA Truck will receive only $31.72 in cash for each share of USA Truck that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-usak/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
1100 Poydras St., Suite 3200
New Orleans, LA 70163
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SOURCE Kahn Swick & Foti, LLC | https://www.kxii.com/prnewswire/2022/08/09/usa-truck-investor-alert-by-former-attorney-general-louisiana-kahn-swick-amp-foti-llc-investigates-adequacy-price-process-proposed-sale-usa-truck-inc-usak/ | 2022-08-09T02:16:48Z |
Wamego’s next chief of police discusses future
WAMEGO, Kan. (WIBW) - The City of Wamego has announced its new police chief.
Paul Schliffke, who has been Wamego’s Deputy Chief for nine years, has served in the interim chief since his predecessor’s controversial departure. He was named to the role permanently Wednesday, July 20. Schliffke said he was humbled by being chosen as the next chief.
“I am humbled to be police chief here,” said Schliffke. “I have been the deputy chief here for about nine years and previously worked for the Pottawatomie Co. Sheriff’s Office. I am excited to lead our officers. We have a fantastic group of officers here and it is showing the fact that we are a little bit short handed right now, but everybody is pulling in together to work for the community and I am grateful for this opportunity.”
According to Schliffke, the Wamego Law Enforcement Center normally can fill about 12 positions of full-time officers sworn to serve but right now it is short by four. 13 NEWS asked the new chief if he sees any connection between media coverage and the police department’s staffing shortages.
“The news media coverage of law enforcement, both negative and positive, does play into whether people are interested in adopting law enforcement as a career or not,” said Schliffke.“Throughout my career, I have noticed there is times it is very popular and honorable to be a police officer, first responder of any kind for that matter, and then there is other times we kind of hit a lull where we have taken on the chin in the media. Of course, some of that is self-deserved and so it is not people are like ‘well why would I want to do this and risk my safety and everything for something that is going to draw a lot of criticism’ and so it just kind of depends on where society is at with what they see in law enforcement.....And I will say this -- the hiring pool has become a hiring trickle.”
Schliffke was selected after his predecessor, Michael Baker, was fired by the Wamego city manager for insubordination and misconduct. Since he was fired, Baker has continued to deny the allegations and received outspoken support from the community throughout his efforts to retain his position.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/07/25/wamegos-next-chief-police-discusses-future/ | 2022-07-26T00:36:52Z |
ATLANTA, Aug. 31, 2022 /PRNewswire/ -- Newsy, the nation's only 24/7 TV news network available for free over the air, will devote hundreds of hours of airtime to special programming on mental health, beginning in September, in a series called "America's Breakdown: Confronting Our Mental Health Crisis." Through hyper-personal and thoughtful storytelling, Newsy will focus on how differently people may experience issues based on demographics and geography.
Special programming produced by Newsy, the Scripps national news team and Scripps Local Media will air across day- and night-time hours and include dozens of produced reports devoted to mental health, four weekly deep-dive specials, an original documentary and a 30-second PSA directing viewers to additional resources, all culminating in a town hall event with high-profile guests.
Newsy will compile all of its special programming, including mental health resources on Newsy.com. The reports will be available to view online after they air.
"A new study found rates of anxiety, depression and other mental health disorders have increased since the beginning of the pandemic. That results in the need to deeply examine how the country is dealing with the mental health crisis," said Kate O'Brian, Head of the News Group, Scripps Networks. "Newsy has committed hundreds of hours to this issue, which impacts the lives of every American, through relentless reporting. The result is a whole lot of stellar journalism."
Newsy packages include:
Mental health barbershops
Newsy spotlights an organization that equips barbers in shops across the country with mental health-related skills and resources to help clients, many of whom fear the stigma of going to therapy and asking for help.
Mental health and TikTok
TikTok has become a major platform for both mental health professionals and people seeking mental health guidance. Newsy speaks to Dr. Courtney Tracy, a psychotherapist and licensed social worker with 1.8 million followers on TikTok, about why she started making videos to talk about mental health from a professional and personal standpoint.
Classified workers
Intelligence community insiders are unable to discuss personal mental health issues to outside family or therapists due to classified nature and fear of stunting career growth. Newsy speaks to one former CIA officer about his alcoholism and sobriety.
Indigenous mental health care
Thousands of Native American children were forced to attend boarding schools created to strip them of their culture. Newsy speaks to a mother with PTSD who opens up about her abuse experience. Her daughter who cares for her feels generational trauma as a result. Newsy also talks to a psychiatrist about an indigenous approach to mental health care in this community.
Young shooters
Newsy speaks to a 16-year-old male, who tells Newsy he was almost a school shooter and takes viewers through the emotions and circumstances that drove him to buy a gun and nearly go on a rampage.
COVID and mental health
Newsy shares new research on how to treat neurological impacts of long haul COVID, including symptoms like fatigue, brain fog and cognitive impairment.
Opioid pellet treatment
Newsy speaks to "Growing Pains" actor Jeremy Miller, who shares his journey to overcome alcohol addiction and victory, after implanting an experimental pellet into his body to reduce alcohol cravings. Newsy will also give viewers a look at the race to make a long-lasting version of the pellet, designed to attack opioid addiction.
Newsy is owned by The E.W. Scripps Company (NASDAQ: SSP).
Learn more about how to tune into Newsy here.
About Newsy
Newsy (@Newsy) is the nation's only free 24/7 broadcast news network, serving viewers opinion-free national news from 14 news bureaus across the U.S. Newsy is available to more than 94% of U.S. television homes free and over the air with a digital antenna, on mobile with the Newsy app and online at Newsy.com. It is also carried on an expanding array of streaming devices and services, including Samsung TV Plus, Roku, Amazon Fire TV, Pluto TV, Apple TV, Sling, Vizio and Xumo. Newsy is part of The E.W. Scripps Company (NASDAQ: SSP).
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SOURCE The E.W. Scripps Company | https://www.kxii.com/prnewswire/2022/08/31/newsy-devote-hundreds-hours-special-programming-mental-health-starting-sept-6/ | 2022-08-31T19:49:30Z |
A roundup of the week's most newsworthy financial industry press releases from PR Newswire
NEW YORK, Sept. 9, 2022 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering the finance industry stay on top of the week's most newsworthy and popular releases, here's a roundup of stories from the week that shouldn't be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- USAA Survey Data Shows Inflation Affecting Discretionary Spending; Retirement Preparations Largely Untouched
Inflation is top-of-mind for most Americans, as a majority say that they have reduced household spending in many areas except when it comes to retirement savings and life insurance. - Truist Insurance Holdings further enhances premium finance business with acquisition of BankDirect Capital Finance
The transaction will add over $3 billion in loans to Truist Insurance Holdings' premium finance business—which also includes CAFO Inc., its Canadian operation—while broadening its business into the life insurance arena. - Meet the 50 Leaders of Change taking us into a new economy
50 Leaders of Change, a campaign by acclaimed production company TBD Media Group, is bringing the stories of the world's most innovative businesses from across sectors to showcase their vision of the future. - Salary Increase Budgets Reach 20-Year High
Sue Holloway, Director, WorldatWork, says, "The rapid rise in salary increase budgets over the past couple years, combined with today's volatile economic environment, challenge HR pros to leverage data and think strategically as they formulate 2023 compensation budget recommendations and negotiate with CFOs." - Home Showing Activity Slows as Buyer Demand Continues Rebalancing from Historic Highs
July's foot traffic is down year-over-year across the U.S., according to data from ShowingTime, reflective of last summer's incredible surge in buyer demand. - ADP National Employment Report: Private Sector Employment Increased by 132,000 Jobs in August; Annual Pay was Up 7.6%
"Our data suggests a shift toward a more conservative pace of hiring, possibly as companies try to decipher the economy's conflicting signals," said Nela Richardson, chief economist, ADP. "We could be at an inflection point, from super-charged job gains to something more normal." - Sean 'Diddy' Combs Invests in REC, a Resource Hub for Creators
Founded by Forbes 30 Under 30 recipients, Will Toms & Dave Silver, REC is an ecosystem designed and dedicated to providing creative people with the resources, communities and opportunities to pursue their passions and entrepreneurial goals. - Minority Equality Opportunities Acquisition Inc. Announces Merger with Hispanic-Led and founded Cloud Services Company Digerati Technologies
The all-stock transaction forms a company with an initial equity value of approximately $228 million translating into an enterprise value of approximately $145 million, assuming no redemptions from MEOA's shareholders.
Read more of the latest finance-related releases from PR Newswire and stay caught up on the top press releases by following @PRNfinance on Twitter.
These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.
Once they're signed up, reporters, bloggers and freelancers have access to the following free features:
- Customization: Create a customized newsfeed that will deliver relevant news right to your inbox. Customize the newsfeed by keywords, industry, subject, geography, and more.
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- Subject Matter Experts: Access ProfNet, a database of industry experts to connect with as sources or for quotes in your articles.
- Related Resources: Read and subscribe to our journalist- and blogger-focused blog, Beyond Bylines, for media news roundups, writing tips, upcoming events, and more.
For more than 65 years, PR Newswire has been the industry leader with the largest, most comprehensive distribution network of print, radio, magazine, television stations, financial portals and trade publications. PR Newswire has an unparalleled global reach of more than 200,000 publications and 10,000 websites and is available in more than 170 countries and 40 languages.
PR Newswire for Journalists (PRNJ) is an exclusive community that includes over 20,000 journalists, bloggers and influencers who are logging into their PRNJ accounts specifically looking for story ideas. PR Newswire thoroughly researches and vets this community to verify their identity as a member of the press, blogger or influencer. PRNJ users cover more than 200 beats and verticals.
For questions, contact the team at media.relations@cision.com.
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SOURCE PR Newswire | https://www.wibw.com/prnewswire/2022/09/09/this-week-finance-news-8-stories-you-need-see/ | 2022-09-09T13:02:41Z |
NEW YORK, July 13, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Energy Transfer LP.
Shareholders who purchased shares of ET during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: This lawsuit is on behalf of persons who purchased or otherwise acquired common shares of Energy Transfer stock between April 13, 2017 and December 20, 2021, both dates inclusive.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (a) Energy Transfer had inadequate internal controls and procedures to prevent contractors from engaging in illegal conduct with regards to drilling activities, and/or failed to properly mitigate known issues related to such controls and procedures; (b) Energy Transfer, through its subsidiary Rover Pipeline, LLC, hired a third-party contractor to conduct Horizontal Directional Drilling Activities for the Rover Pipeline Project, whose conduct of adding illegal additives in the drilling mud caused severe pollution near the Tuscarawas River when a large inadvertent release took place on April 13, 2017; (c) Energy Transfer continually downplayed its potential civil liabilities when the Federal Energy Regulatory Commission ("FERC") was actively investigating the Energy Transfer's wrongdoing related to the April 13 release and consistently provided it with updated information about FERC's findings on this matter.
DEADLINE: August 2, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/energy-transfer-lp-loss-submission-form-2/?id=29735&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of ET during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 2, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm | https://www.kxii.com/prnewswire/2022/07/13/shareholder-alert-gross-law-firm-notifies-shareholders-energy-transfer-lp-class-action-lawsuit-lead-plaintiff-deadline-august-2-2022-nyse-et/ | 2022-07-13T09:58:46Z |
The new alliance will boost access and engagement for research site staff and patients in clinical trials
NEW YORK, Sept. 7, 2022 /PRNewswire/ -- ProofPilot, the leading digital protocol clinical trial platform, and Citeline Connect, the most comprehensive solution for clinical trial engagement and recruitment, today announced a strategic partnership to make clinical trials more accessible for all patient populations and clinical trial workflows less cumbersome for research site staff. This collaboration combines both ProofPilot's Patient and Site Co-Pilot offerings with Citeline Connect's technology and network of recruitment partners to effectively deliver research solutions that promote enrollment, randomization, protocol adherence, and patient retention.
Through this alliance, Citeline Connect and ProofPilot will integrate several key capabilities, beginning with Citeline Connect's novel patient recruitment solution for pharmaceutical companies. Citeline Connect will deploy ProofPilot's Patient and Site Co-Pilot offerings to allow patients to proactively schedule calls, onsite visits, and communicate with site staff, providing for a more seamless experience overall. The collaboration will also allow patients to share Electronic Medical Records (EMRs) for robust screening, and allow sites to deliver eConsent/ePro. ProofPilot's digital automation platform orchestrates key stakeholder tasks, optimizing clinical workflows, reducing the burden on site staff, along with automating tasks to increase patient engagement rates.
"This strategic collaboration, which pairs our modern combination of digital, automated patient engagement experiences with Citeline Connect's award-winning patient recruitment solutions, will help improve patient enrollment, engagement, and adherence, leading to higher quality data," said Joseph Kim, Chief Strategy Officer at ProofPilot. "We can fundamentally change clinical trial experiences for patients, as well as for site staff and sponsors, to get potentially life-saving interventions to patients faster."
"We are thrilled to collaborate with ProofPilot to extend the Citeline Connect experience further into the patient and site journey. Putting patients and sites in the driver's seat — giving them more control and automation — will result in better outcomes for all," said Gerald Sirag, Head of Patient Engagement & Recruitment Solutions at Citeline Connect. "I see this as the starting point. We're always looking for innovative ways to reduce stakeholder burden in trials and optimize recruitment performance."
ProofPilot and Citeline Connect are excited to fuse multiple parts of the patient and site trial workflow to increase randomization rates, minimize hurdles, and accelerate timelines.
ProofPilot supports clinical trials with the industry's first fully automated digital protocol platform. The platform orchestrates stakeholder tasks and optimizes clinical workflows, improving stakeholder experiences and data quality. The elimination of guesswork and research protocol deviations creates high-performance experiences for sites and patients. Founded in 2014, ProofPilot was one of the first global digital clinical trial solutions allowing virtual, hybrid, and in-person research offerings with its patient and site Co-Pilot packages. To learn more, visit https://www.proofpilot.com/.
Citeline Connect is the most comprehensive solution for clinical trial engagement and recruitment. This solution revolutionizes how patients find and enroll in clinical research across the globe by combining the power of data-driven technology with the reach of proprietary HCP networks and 85+ pre-vetted partners from an industry-first patient referral collective. For more information, visit CitelineConnect.com.
Stay up to date on ProofPilot news at: https://www.linkedin.com/company/proofpilot
ProofPilot PR
ProofPilot@EvolveMKD.com
Citeline PR
Citeline@diffusionpr.com
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SOURCE ProofPilot | https://www.mysuncoast.com/prnewswire/2022/09/07/citeline-connect-proofpilot-announce-strategic-partnership/ | 2022-09-07T13:24:26Z |
Balaji is a seasoned professional with extensive strategic, operational and governance experience in all aspects of HR Management
BANGALORE, India , June 1, 2022 /PRNewswire/ -- Sonata Software, a global IT services and technology solutions company, has announced that Balaji Kumar has joined the Company as Chief Human Resources Officer, responsible for HR function globally. Balaji will be based out of the Company's Corporate Office at Bangalore, India.
In his last stint, Balaji was the Chief Human Resources Officer globally at L&T Infotech. Prior to that he has held senior HR positions at reputed companies like Larsen & Toubro Ltd., Microsoft, Citibank and Unilever. Balaji is a Management Graduate from Tata Institute of Social Sciences (TISS) and has diverse experience across the HR function including employee engagement, talent management, organization development and HR Business Partnering. He also possesses a master's degree in law and has practiced law earlier.
As part of its aggressive growth strategy, Sonata Software has been investing significantly in leadership talent to serve its clients, people and our social objectives. Balaji's induction is one more step in that direction. His expertise and experience will help the organization scale to meet the challenges of high growth in an ultra-competitive environment.
Samir Dhir, Whole - Time Director & CEO, Sonata Software, said, "I am excited to welcome Balaji to Sonata Software. With his rich experience, Balaji will be able to drive our people strategy and vision, create the best-in-class capabilities to create success for our employees, attract top talent and continue to drive towards our core values. As Sonata enters the next growth phase, we have invested in creating a Sonatian-experience where the employees can continue to excel, innovate and deliver high-quality outcomes for our clients."
"I am delighted to join Sonata Software, a totally customer-driven and people-centric organization. I am looking forward to partner with the team to help deliver a world-class experience to Sonatians and align Sonata's talent and culture agenda to accelerate the successful journey to provide our customers digital transformation services using our proprietary 'Platformation™' framework to create innovative, platform-based, business solutions," said Balaji.
For more information:
Nandita Venkatesh
Sonata Software Limited
CIN- L72200MH1994PLC082110
A.P.S. Trust Building,
Bull Temple Road, N.R. Colony
Bangalore 560004, India
Tel: +91 80 67781999
Nandita.v@sonata-software.com
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SOURCE Sonata Software | https://www.wibw.com/prnewswire/2022/06/01/balaji-kumar-joins-sonata-software-chief-human-resources-officer/ | 2022-06-01T08:11:09Z |
Holiday season preparedness reflects strategic investments and operational precision improvements made as part of Delivering for America, USPS' 10-year plan:
- 655,000 employee postal service workforce includes 100,000 workers converted to full time since beginning of 2021; More than 41,000 part time workers converted to full time since January 2022
- Actively hiring additional 28,000 seasonal employees
- 249 new package processing machines actively deployed since 2021 across the nation – 137 added since January 2022; daily package processing capacity expanded to 60 million
- 8.5 million square feet across 52 peak annexes and processing facilities to handle holiday volume
WASHINGTON, Sept. 12, 2022 /PRNewswire/ -- The United States Postal Service announced critical investments in personnel, technology and the postal network footprint that have been made in advance of the 2022 holiday season.
Preparations for the 2022 holiday season began in January and build on the investments and organizational strategy improvements made ahead of the successful 2021 holiday mailing and shipping season. These proactive measures are part of Delivering for America, the Postal Service's 10-year strategic plan.
"Successfully delivering for the holidays is a cornerstone of our Delivering for America 10-year plan," said Postmaster General Louis DeJoy. "Thanks to the 655,000 women and men of the Postal Service, recent investments and operational precision improvements, we are ready to be the most used delivery provider this holiday season."
2022 Peak Holiday Season Preparations Include:
- 100,000 Part Time Employees Converted To Full Time Career Positions Since January 2021 (41,000 Part Time Employees Converted Since January 2022). Thanks to a strong benefits package and investments in career growth opportunities for employees across the organization, the Postal Service has converted more than 100,000 employees from part-time to full time, career positions since the beginning of 2021. 41,000 part time employees have converted into career roles since January of this year.
- Hiring Additional 28,000 Peak Season Employees; Aggressive Hiring Efforts Continue. USPS is actively hiring 28,000 seasonal employees. Across the nation, the Postal Service is hiring an additional 1,000 truck drivers, along with letter carriers and processing team members. Job seekers can find and apply for thousands of open seasonal positions by visiting usps.com/hiring.
- 60 Million Packages Processed Each Day. Thanks to investments in new package processing equipment and operational precision improvements, the Postal Service will be able to expand its processing capacity and process nearly 60 million packages every day this holiday season compared to 53 million in 2021.
- 249 New Package Processing Machines Deployed Across the Nation Since January 2021 (137 Installed this Year). These new machines are strategic investments in local community postal infrastructure enabling postal workers to sort and process packages of all sizes more quickly and reliably. By November, the Postal Service will have installed 249 new package processing machines across the nation since the beginning of 2021. This is part of the organization's $40 billion investment in new technology and facilities under the Delivering for America plan.
- 8.5 Million Square Feet Added Across 52 Annexes and Facilities. In 2021, the Postal Service signed multi-year leases on 52 peak season annexes and processing facilities which added 8.5 million square feet to the Postal Service footprint. These facilities are strategically located throughout the country to augment space shortages at existing postal facilities.
- 222,682 Fleet Vehicles Ready to Deliver the Holidays. The Postal Service's 222,682 fleet vehicles are ready to deliver the holidays. To handle holiday package volume, 1,900 additional trailers have been leased for the peak season. Additionally, precision in our processing operation enables trucks to leave on time and mail and packages to get to destination in a quicker and more cost-effective manner.
- New Technology to Expedite Processing and Delivery. In the last 12 months, more than 6,000 computer tablets have been deployed on our workroom floors to better equip processing and delivery supervisors with tracking and moving mail and packages expeditiously.
As the Postal Service prepares for the holiday peak season, service performance across all mail categories is strong and steady. On average, it takes just 2.4 days for a mailpiece or package to be delivered across the postal network.
The Postal Service generally receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.
Please Note: For U.S. Postal Service media resources, including broadcast-quality video and audio and photo stills, visit the USPS Newsroom. Follow us on Twitter, Instagram, Pinterest and LinkedIn. Subscribe to the USPS YouTube Channel and like us on Facebook. For more information about the Postal Service, visit usps.com and facts.usps.com.
For reporters interested in speaking with a regional Postal Service public relations professional, please go to about.usps.com/news/media-contacts/usps-local-media-contacts.pdf.
Contact: Kim Frum
kimberly.a.frum@usps.gov
usps.com/news
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SOURCE U.S. Postal Service | https://www.kxii.com/prnewswire/2022/09/12/usps-ready-deliver-holidays-nation/ | 2022-09-12T15:24:16Z |
EDMONTON, Alberta (AP) — Phillip Danault capitalized after a miscue by Edmonton goalie Mike Smith and scored the tiebreaking goal late in the third period, leading the Los Angeles Kings to a 4-3 win over the Oilers on Monday night in Game 1 of the opening-round playoff series.
Smith tried to clear the puck from behind his net and instead put it on the stick of a Kings player in front. Smith made a diving save, but couldn’t corral the puck. Seconds later, Danault scored at14:46 of the third after a shot by Sean Durzi from the point.
“Playoffs are a long journey. There are going to be ups and downs,” Smith said. “It’s how you deal with it that makes you good or makes you a team that’s watching from the sidelines.”
Smith stopped 31 of 35 shots he faced for Edmonton.
“I was just trying to make something happen,” Smith said. “Obviously trying to do too much there. In a tight game like that, you can’t afford to make mistakes like that. It ended up costing us the game. Obviously disappointed, but it’s one game and we move on.”
Trevor Moore and Alex Iafallo each had a goal and assist for the Kings. Brandon Lemieux also scored.
Connor McDavid and Kailier Yamamoto each had a goal and assist for Edmonton. Leon Draisaitl rounded out the scoring with a power-play goal.
Kings goalie Jonathan Quick made 35 saves.
Game 2 is Wednesday in Edmonton. The series shifts to Los Angeles for Game 3 on Friday.
For Kings’ head coach Todd McLellan, the game was a good example of how his team has played recently, with good checking, excellent goaltending and players taking advantage of their opportunities.
“We played in our skin, we played to our identity, just a carbon copy of how we’ve done it,” McLellan said.
Edmonton is in the playoffs for the third straight season, but last year’s run was brief, with the Winnipeg Jets ousting the Oilers in the first round with a four-game sweep.
The environment may have played a role in Edmonton going down 2-0 midway through the first period, McDavid said.
“There’s lots of emotion with fans back in the building and I thought we just didn’t handle it all that well,” he said. ”(The Kings) got the jump on us.”
Moore opened the scoring 11 minutes into Monday’s game, ripping a shot from inside the circle over Smith’s outstretched glove.
He then set Iafallo up to give the Kings a 2-0 lead 16:52 into the first. Stationed below the goal line, Moore sent Iafallo a behind-the-back pass, and Iafallo wasted no time putting it into the Oilers’ net.
Edmonton cut the deficit before the end of the opening period with another highlight-reel worthy goal from McDavid.
The Oilers’ captain sprinted the length of the ice, holding off several Kings defenders, and fired a shot past Quick to make it 2-1 with 42 seconds left in the first.
Chants of “M-V-P! M-V-P!” followed from the boisterous crowd. McDavid won his fourth Art Ross Trophy this season after posting a league-best 123 points.
The Oilers evened the score early in the second with a power-play goal after Iafallo was called for tripping.
Duncan Keith fired a long-range shot and Yamamoto tipped it in 2:39 into the period.
Lemieux sent a shot sailing from the top of the faceoff circle off a rush 3:50 into the second to restore the Kings’ lead.
Edmonton tied the game again midway through the period on another power-play goal after Iafallo was called for cross-checking.
McDavid sent a pass ricocheting off a broken stick in the slot before Draisaitl settled it and sent a quick shot past Quick 9:56 into the second.
Edmonton went 2 for 4 with the man advantage. The Kings were 0 for 4.
NOTES: Defenseman Darnell Nurse returned to the Oilers’ lineup after missing four games with a knee injury. … The Kings were playing without Viktor Arvidsson, who left practice early on Saturday. The winger had 49 points (20 goals, 29 assists) in 66 games this season. … Monday marked the first playoff game between the Oilers and Kings since 1992, when Edmonton bested Los Angeles in a six-game series in the division semifinals.
___
More AP NHL: https://apnews.com/hub/NHL and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/danault-scores-late-kings-beat-oilers-5-4-in-series-opener/ | 2022-05-03T16:51:42Z |
‘Friends’-themed house for sale in Ohio
Published: May. 2, 2022 at 7:52 AM CDT|Updated: 37 minutes ago
DAYTON, Ohio (CNN) - Hardcore fans of the classic television show “Friends” may want to check out a house up for grabs in Ohio.
The home is designed just like the apartment owned by Monica Geller in the show.
The replica has purple and blue walls, just like it did on the TV set. It even features a mini clawfoot tub, similar to the one in Monica’s bathroom. It also has a new furnace, water heater and air conditioner.
There is no word if there is a pizza-loving neighbor or an “ugly naked guy” living across the street.
The agent selling the home said she repeatedly watched the show and got the house to look as close to the show’s apartment as possible.
The asking price is $162,000.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wibw.com/2022/05/02/friends-themed-house-sale-ohio/ | 2022-05-02T13:30:26Z |
Which basketball arcade machine is best?
Whether you’re building a home arcade or just want a fun way to shoot hoop inside, a basketball arcade machine is an excellent option. This classic arcade game is like a miniature basketball court, featuring a backboard with rims, basketballs and a convenient retrieval system. A basketball arcade machine is a great way to take your entertainment to the next level.
The best basketball arcade machine is the ESPN EZ Fold basketball game. No one knows basketball better than the leader in sports media. This unit offers an immersive experience with audio and visual effects and a sturdy frame.
What to know before you buy a basketball arcade machine
Pop-A-Shot
To understand how current basketball arcade machines work, it’s helpful to know about the original brand, Pop-A-Shot. This is the game that all current basketball machines are based on. Pop-A-Shot invented the in-home basketball game with electronic scoring counters. It is also an innovator when it comes to creating new features that have been implemented in other basketball arcade machines. These features include steel frames for added sturdiness and infrared scoring counters.
Themes and designs
Each basketball arcade machine comes with its own theme or design. Most games are created to look like an actual basketball court, featuring hardwood graphics and lines that make it seem like you’re actually on the court. They also have outlines behind the rim to mimic a backboard and give the shooter a place to aim.
Some machines even have themes and colors that let you support your favorite NCAA, NBA or WNBA team. These games are a great addition to any sports-themed basement or game room. Check out the Best Reviews list of the best basketball arcade games, each with a different design.
What to look for in a quality basketball arcade machine
Game modes
Higher-quality basketball arcade machines will include a variety of game modes to keep you interested and having fun. The classic game mode means whoever scores the most baskets in an allotted amount of time wins, but some manufacturers include “Sharpshooter,” which uses an announcer’s voice to tell you which hoop to shoot into. There’s also “Criss Cross,” where two players shoot into the opposite side’s goal. You can even try the unique “Tug of War” game mode where each player starts at zero points, with each made basket that player earns two points while their opponent loses two points. This continues back and forth until one player reaches ten points.
Audio and visual effects
Basketball arcade machines are all about bringing the excitement of the court into your home. What better way to do this than by hearing an announcer’s voice cheer you and count your points? Some brands also have crowd noise and music to keep the excitement going. There are also LED backboards that show your score and flash when you’re on a hot streak. These audio and visual queues combine to make your arcade experience more fulfilling and enjoyable.
Durability
Durability is important in a basketball arcade machine because of the nature of the game itself. With basketballs constantly being thrown against the backboard and players leaning on the front rail to gain an advantage, the frame should be made of quality materials. Powder-coated steel is the ideal material for the frame. This type of model will require a more intensive set-up process, including the use of tools. If you opt for a plastic frame made of PVC piping or otherwise, you should expect the game to come apart with heavy use.
How much you can expect to spend on a basketball arcade machine
Basketball arcade machines cost $100-$180 depending on the brand and extra features.
Basketball arcade machine FAQ
How many balls come with a basketball arcade machine?
A. For multiplayer arcade machines, you’ll want six basketballs in total. This is ideal for game modes that require two players. Some less-expensive machines only provide two or four balls. While this may be sufficient for a single player, it can become frustrating if you lose a ball or one goes flat. You may also consider purchasing a basketball pump to keep the game going.
Can you use normal basketballs for a basketball arcade machine?
A. No. Standard-sized basketballs, even youth basketballs, are too large to fit through the rims. The weight of traditional leather balls can also easily damage the rims and backboards of your arcade game.
What’s the best basketball arcade machine to buy?
Top basketball arcade machine
What you need to know: ESPN knows basketball and its EZ Fold basketball game proves it with the most immersive experience you can buy.
What you’ll love: Audio and visual effects, alongside the machine’s backboard graphics, make this the most impressive game around. It also has a foldable design for easy storage.
What you should consider: This game is difficult to set up because of its foldable design.
Where to buy: Sold by Amazon
Top basketball arcade machine for money
Triumph Playmaker Basketball game
What you need to know: An easy-to-setup arcade game, it is ideal for those who just want a simple, fun basketball game for their home.
What you’ll love: This set is small enough to fit in a bedroom or apartment without taking up too much space. It includes four balls, eight game modes and an LED timer.
What you should consider: The frame and materials used in this arcade game are not as sturdy as other brands.
Where to buy: Sold by Amazon
Worth checking out
Rally and Roar Basketball Arcade Game
What you need to know: An excellent two-player arcade game, it’s made with durable materials and attractive features.
What you’ll love: The installation is a breeze and it has a foldable design for storage. The graphics feature home and visitor backboards, a mock court graphic and an LED scoring system.
What you should consider: Some parts may need to be replaced after long-term use.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/toys-games-br/arcade-games-br/best-basketball-arcade-machine/ | 2022-06-21T17:49:52Z |
3-year-old boy dies after fall from 29th floor NYC apartment
Published: Jul. 2, 2022 at 3:56 PM CDT|Updated: 50 minutes ago
NEW YORK (AP) - A 3-year-old boy has died after falling from a 29th-floor balcony of a New York City apartment building in Harlem.
A police spokesperson said officers found the injured toddler on Saturday morning lying on a 3rd-floor scaffolding after receiving a 911 call.
The boy was taken to a nearby hospital where he was pronounced dead.
A police spokesperson said police believe the child exited through a window, but exactly how that occurred is under investigation.
Police are speaking with two individuals who were in the apartment at the time of the child’s fall.
The case remains under investigation.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/07/02/3-year-old-boy-dies-after-fall-29th-floor-nyc-apartment/ | 2022-07-02T21:46:35Z |
Minneapolis police ‘engage in a pattern or practice of race discrimination,’ Minnesota human rights department says
By Ray Sanchez and Omar Jimenez, CNN
Minneapolis and its police department engaged in “a pattern or practice of race discrimination,” Minnesota human rights officials said in a report Wednesday stemming from an investigation launched one week after the Memorial Day 2020 killing of George Floyd at the hands of a police officer.
State Human Rights Commissioner Rebecca Lucero, at a news conference, lambasted the organizational culture of a department marred by “flawed training which emphasized a paramilitary approach to policing,” a lack of accountability and the failure of police leaders to address racial disparities.
The report paints a damning picture of policing in Minneapolis, where according to Lucero Black residents represent about 19% of the population yet 78% of all police searches from 2017 to 2020 involved Black residents and their vehicles.
CNN has reached out to Minneapolis police and the mayor’s office for comment.
Attorneys representing the families of Floyd and Amir Locke — another Black man who died at the hands of Minneapolis police — praised the findings as “historic” and “monumental.”
“We hope this leads to placing the city and the police department under a state-ordered consent decree, which would give us assurance, at last, that real change in policing is possible, and Minneapolis can become a safer city for its Black residents,” said the statement from Ben Crump and co-counsel Antonio Romanucci and Jeff Storms.
“We are grateful and deeply hopeful that change is possible and is imminent. We call on city, state, and Police leaders to accept the challenge of these findings and make meaningful change at last to create trust between communities of color in Minneapolis and those who are sworn to protect and serve them.”
The Minnesota Department of Human Rights said on its website that it will “meet with community members, MPD officers, City staff, and other stakeholders to gather feedback on what should be included in a consent decree to address racial discrimination in policing in Minneapolis.”
The report cited “racial disparities in how MPD officers use force, stop, search, arrest, and cite people of color” and officers’ “use of covert social media to surveil Black individuals and Black organizations, unrelated to criminal activity.”
The report also accused the department of “deficient training, which emphasizes a paramilitary approach to policing that results in officers unnecessarily escalating encounters or using inappropriate levels of force.”
11 years of information reviewed
The investigation originated with a June 1, 2020, filing against the city by the Department of Human Rights to determine if police engage in a “pattern-or-practice” of race discrimination.
The investigation reviewed 11 years of information, including stops, searches, arrests, use of force, procedures and training.
The state obtained a temporary court order in 2020 requiring the city of Minneapolis and Minneapolis police to implement immediate changes — including prohibiting neck restraints and choke holds and requiring officers to intervene in other officers’ unauthorized uses of force, among other changes.
The US Justice Department launched its own investigation into the practices of Minneapolis police in April 2021.
Pattern-or-practice investigations of police departments are relatively uncommon, and look for patterns of racist, discriminatory, or otherwise problematic behaviors, with the goal of overhauling the way those departments operate.
Former Minneapolis police officer Derek Chauvin was convicted in April 2021 of second-degree unintentional murder, third-degree murder and second-degree manslaughter. He is appealing the conviction.
Body camera and bystander video that captured the final moments of Floyd’s life on May 25, 2020, shows Chauvin kneeling on the 46-year-old Black man’s neck and back for more than nine minutes as Floyd gasped for air and told officers, “I can’t breathe.” Floyd’s death and the video ignited prolonged protests across the country over police brutality and racial injustice.
The former officer was sentenced to 22 and a half years in prison, which exceeded Minnesota’s sentencing guideline range of 10 years and eight months to 15 years. As part of a plea agreement, Chauvin pleaded guilty in December to federal civil rights charges related to Floyd’s death and the restraint of a teenager in a separate incident.
Three other officers were convicted in February of violating Floyd’s civil rights by a federal jury in St. Paul, Minnesota.
In the Locke case, prosecutors last month declined to file charges against the Minneapolis police officer who fatally shot the 22-year-old man or any other officers involved in the no-knock warrant service that led to Locke’s death in early February.
An officer shot Locke within a few seconds of entering an apartment after prosecutors said Locke emerged from a couch with a handgun and raised it toward an officer. The officer, and others on the Minneapolis SWAT team, were there serving a warrant in a homicide investigation.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/national-world/cnn-national/2022/04/27/minneapolis-police-engage-in-a-pattern-or-practice-of-race-discrimination-minnesota-human-rights-department-says/ | 2022-04-27T19:00:10Z |
Pocatello hiring fair scheduled for April 8 and May 14
POCATELLO, Idaho (KIFI) - If you’re in the market for a seasonal job or career, the City of Pocatello wants you.
The city is hosting its hiring fair on Friday, April 8, from 3 p.m. to 7 p.m. and Saturday, May 14, from 10 a.m. to 2 p.m. at the Public Works Annex, 2405 Garrett Way.
The city is looking to fill seasonal and full-time positions related to green-space, community activities and events, environmental and beautification, as well as safety and resource renewal.
City of Pocatello employees will be at each event to answer questions about available jobs, demonstrate equipment, and help fill out applications. Computers will be available for applicants to apply and staff can help potential applicants upload their resume.
“Many of our seasonal positions are designed for community beautification and enable clean access to our public spaces,” Human Resources Director Heather Buchanan said. “Working for the City of Pocatello is a great way to be part of a team environment.”
“We have some great people that work for the City of Pocatello,” Mayor Brian Blad said. “And we are truly excited to have many more people across Pocatello join the team.”
If you can’t attend the hiring event but would like to see what jobs are available at the City of Pocatello, click HERE. Or visit www.pocatello.us and click on the “Job Openings” icon.
“I look forward to working with you,” Mayor Blad said. “Together, we can continue to provide outstanding service to our community.” | https://localnews8.com/news/pocatello/2022/04/05/pocatello-hiring-fair-scheduled-for-april-8-and-may-14/ | 2022-04-05T17:28:47Z |
1 dead, multiple people hurt at party in Virginia
CHESTERFIELD, Va. (WWBT/Gray News) - The Chesterfield County Police Department said one person is dead and many others are injured after a shooting at a party Friday night.
On Friday night, police told WWBT they were called to the scene of a large party. While officers were responding, they received multiple calls of shots fired.
When officers arrived on scene, police found one adult man suffering from a gunshot wound. Police said they attempted to render emergency aid to him, but he died on the scene.
Police said at least five other people were injured by gunshots; one of those people also suffered a broken arm.
Officers also discovered that five other shooting victims had been taken to either area hospitals or other locations with non-life-threatening wounds to be treated.
Early Saturday morning, Chesterfield officers were seen along Weybridge Road collecting evidence.
At this time, police haven’t released any details regarding suspect information.
Copyright 2022 WWBT via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/06/04/1-dead-multiple-people-hurt-party-virginia/ | 2022-06-04T11:54:21Z |
TORONTO, June 1, 2022 /PRNewswire/ - Equitable Bank (the "Bank" or "Equitable"), a wholly owned subsidiary of Equitable Group Inc. (the "Company") (TSX: EQB) (TSX: EQB.PR.C) (TSX: EQB.R) today announced it is increasing its prime lending rates by 50 basis points to 3.70% from 3.20%, effective June 2, 2022.
Equitable Group Inc. trades on the Toronto Stock Exchange (TSX: EQB) (TSX: EQB.PRC) and (TSX: EQBR) and serves more than 340,000 Canadians through its wholly owned subsidiary Equitable Bank, Canada's Challenger Bank™. Equitable Bank has a clear mandate to drive change in Canadian banking to enrich people's lives. Founded over 50 years ago, Equitable Bank provides diversified personal and commercial banking and through its EQ Bank platform (eqbank.ca) has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2022 and 2021 lists. Please visit equitablebank.ca for details.
Equitable Group Inc. trades on the Toronto Stock Exchange (TSX: EQB, EQB.PR.C and EQB.R) and serves more than 325,000 Canadians through its wholly-owned subsidiary Equitable Bank, Canada's Challenger Bank™. Equitable Bank has a clear mandate to drive change in Canadian banking to enrich people's lives. Founded over 50 years ago, Equitable Bank provides diversified personal and commercial banking services. Please visit equitablebank.ca for details.
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SOURCE Equitable Bank | https://www.wibw.com/prnewswire/2022/06/01/equitable-bank-increases-prime-rate/ | 2022-06-01T23:25:59Z |
Victoria’s Secret gets first male ambassador
Published: Apr. 20, 2022 at 11:02 AM CDT|Updated: 39 minutes ago
(CNN) - The Victoria’s Secret brand has its first male ambassador.
Darren Barnet, an actor and producer best known for his role in the Netflix series, “Never Have I Ever,” will promote Pink’s gender-free collection and participate in the launch of its fleece shirt jacket.
Barnet will also be part of the company’s Mental Health Awareness Month events, including an Instagram live conversation.
The company said this move is part of its overall focus on inclusivity.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wibw.com/2022/04/20/victorias-secret-gets-first-male-ambassador/ | 2022-04-20T16:43:10Z |
Vancouver keeps playoff hopes alive with 7-1 rout of Arizona
VANCOUVER, British Columbia (AP) — J.T. Miller had a career-high five assists and the Vancouver Canucks extended their winning streak to five games with a 7-1 win over the Arizona Coyotes. Rookie Vasily Podkolzin had two goals and an assist, Alex Chiasson scored twice, and Sheldon Dries, Elias Pettersson and Conor Garland added goals for the Canucks (37-28-10). Quinn Hughes had three assists. Thatcher Demko made 21 saves. Andrew Ladd scored for the Coyotes (22-47-5), who lost their fifth straight. | https://localnews8.com/sports/ap-national-sports/2022/04/14/vancouver-keeps-playoff-hopes-alive-with-7-1-rout-of-arizona/ | 2022-04-15T06:51:23Z |
NORTHRIDGE, Calif., April 12, 2022 /PRNewswire/ -- On March 22, 2022, a retired Pastor and Elder of the AME Church filed a class-action lawsuit challenging the management of and debilitating financial losses in the Church-sponsored pension plan, called the African Methodist Episcopal Church Ministerial Retirement Annuity Plan. The case alleges that the Church and other defendants breached their duties under federal and state law, resulting in losses of over $90 million and the unlawful freezing of pension benefits earned by clergy and other Church employees.
Because of the Church's and other defendants' imprudent, extraordinarily risky investments in a now-defunct capital venture firm, a promissory note to an Illinois installer of solar panels, and a purchase of undeveloped land in Florida, Defendants have unlawfully reduced the pension benefits of clergy and other employees by 70% and have prevented most retirees from receiving any of their retirement savings.
The Plan also requires the Church to enroll all Bishops, General Officers, College Presidents, Deans of Theological Seminaries, and Itinerant Elders, and fund their retirements through Church-paid contributions of 12% of each plan participant's annual salary. The lawsuit claims that the Church failed to live up to these promises.
The lawsuit seeks, among other things, an order for the Church and other defendants to (1) enroll and make contributions of 12% of salary to all eligible clergy and other employees, (2) restore the pension benefits at the level listed on the statements provided to plan participants in 2021, and (3) promptly pay retired participants all of the pension benefits owed to them.
If you are a Plan participant in the African Methodist Episcopal Church Ministerial Retirement Annuity Plan or believe you may meet the criteria for benefits under the Plan, you may be affected by this lawsuit. If you are interested in learning more about this lawsuit, please contact Amy Harrison of Kantor & Kantor LLP at aharrison@kantorlaw.net or (818) 350-6031.
About Kantor & Kantor, LLP
Kantor & Kantor is recognized as one of the most experienced, reliable, and persistent law firms in the field of ERISA and pension law. We know the difficulty our clients face when dealing with these legal matters. The attorneys at Kantor & Kantor bring a wealth of experience in litigating from the Federal level to the various Circuit Courts of Appeal across the US.
Since 2004, our law firm has grown from its Northridge, California home office base to an additional 6 offices on the west coast, with capabilities to represent people nationwide. Getting the best representation is critical and we have a proven track record of being the law firm that provides the best for our clients, from beginning to end.
For more information, contact:
Julie Fisher, Marketing Director
Kantor & Kantor, LLP
19839 Nordhoff St.
Northridge, CA 91324
jfisher@kantorlaw.net
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SOURCE Kantor & Kantor, LLP | https://www.kxii.com/prnewswire/2022/04/12/african-methodist-episcopal-church-pension-plan-litigation/ | 2022-04-12T07:28:07Z |
With Three-Year Revenue Growth of 820 Percent, PunchListUSA Receives Ranking No. 774 Among America's Fastest-Growing Private Companies
CHARLESTON, S.C., Aug. 16, 2022 /PRNewswire/ -- Today, Inc. revealed that PunchListUSA, the first real estate platform to digitize home inspection data for instant estimates and online ordering of home repair services, is No. 774 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
"This achievement is a true reflection of our team's dedication to our customers and drive to innovate the market for home services," said Min Alexander, Co-Founder and Chief Executive Officer of PunchListUSA. "On the heels of our oversubscribed Series A funding round, we're continuing to execute on our mission to make homeownership more accessible for the 220 million homeowners in the United States."
"Fostering strong relationships with homeowners and commercial partners through enhanced service delivery has been core to our rapid growth," said Lora Helt, Chief Growth Officer of PunchListUSA. "We're thrilled to be among the nation's fastest-growing companies and for the opportunity to expand nationwide."
The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on August 23.
"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," says Scott Omelianuk, editor-in-chief of Inc. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."
PunchListUSA is the first online real estate platform digitizing national home inspection data to create instant repair estimates and online service orders for homeowners, brokers, and institutional investors.The platform is powered by proprietary technology and property data to deliver home repair, renovation and lifecycle services at scale through innovative products, process automation and direct integration with industry partners. Exclusive inspection data access will power end-to-end home lifecycle services and product offerings to homeowners through the PunchListUSA marketplace in its next phase of growth. PunchListUSA is based in Charleston, South Carolina with operations in 14 major U.S. cities. Investors include Sweetwater Private Equity, Morpheus Ventures, Home Depot Ventures, Second Century Ventures, Palm Drive Capital, the Bielsky Family Office, IDEA Fund Partners, Meeting Street Capital, Solo Capital Management, VentureSouth, and a significant real estate operator and investor.
For further information, please visit www.punchlistusa.com and PunchListUSA on LinkedIn.
CONTACT:
Shannon Mullins
Sloane & Company
smullins@sloanepr.com
More about Inc. and the Inc. 5000
Methodology
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine's September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/.
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SOURCE PunchListUSA | https://www.kxii.com/prnewswire/2022/08/16/punchlistusa-ranks-no-774-2022-inc-5000-annual-list/ | 2022-08-16T18:45:24Z |
NEW YORK, June 9, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of LMP Automotive Holdings, Inc. (NASDAQ: LMPX) between June 29, 2021 and May 19, 2022, both dates inclusive (the "Class Period") of the important July 26, 2022 lead plaintiff deadline in the securities class action commenced by the Firm.
SO WHAT: If you purchased LMP securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the LMP class action, go to https://rosenlegal.com/submit-form/?case_id=6635 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 26, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) LMP engaged in the improper identification and elimination of intercompany transactions; (2) LMP used incorrect estimates for chargeback reserves for finance and insurance products; (3) LMP had misclassified certain items in its financial statements which impacting balance sheet and income statement financial statement captions; (4) there were material weaknesses in LMP's internal control over financial reporting; (5) as a result of the foregoing, LMP overstated its revenue; (6) as a result of the foregoing, LMP would restate certain of its previously issued financial statements and results; and (7) as a result of the foregoing, defendants' positive statements about LMP'S business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the LMP class action, go to https://rosenlegal.com/submit-form/?case_id=6635 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.wibw.com/prnewswire/2022/06/09/rosen-national-trial-counsel-encourages-lmp-automotive-holdings-inc-investors-with-losses-secure-counsel-before-important-deadline-securities-class-action-lmpx/ | 2022-06-09T22:53:25Z |
MOMBASA, Kenya (AP) — Rich countries said they will spend about $25 billion by 2025 to boost Africa’s efforts to adapt to climate change as the continent continues to struggle with drought, cyclones and extreme heat, according to officials at a summit in Rotterdam in the Netherlands on Monday.
The amount promised by the Africa Adaptation Acceleration Program — a joint initiative between various nations and organizations — is billed as the largest ever adaptation effort globally. Half of the amount is pledged by the African Development Bank with representatives from Denmark, the United Kingdom, France, the Netherlands, the International Monetary Fund and others also offering their support for the initiative.
The continent emits just 3% to 4% of emissions despite being home to nearly 17% of the world’s population but experts say it is particularly vulnerable to climate change as it less able to adapt. African nations hope to use the funds to improve their resilience to extreme weather events, such as droughts or floods, increase tree cover and protect biodiversity, as well as expand their renewable energy capacity.
The summit comes just weeks after the Organization for Economic Cooperation and Development found that rich countries had failed to deliver on their 2009 promise to spend $100 billion a year to aid developing countries to adapt to a warming climate. The organization said $83.3 billion was given to poorer nations in 2020, the highest ever sum, but still short of the original amount.
If the funds promised at the Rotterdam summit are delivered, the decades-old goal will finally be achieved but African nations warn this will not be enough.
“Africa does not have the resources to tackle climate change,” Akinwumi Adesina, president of the African Development Bank, told the summit. “The continent only receives 3% of the total climate financing.”
Africa will need between $1.3 and $1.6 trillion this decade to implement its commitments to the Paris climate agreement, an annual cost between $140 and $300 billion, Adesina said. He added that the costs of adapting to climate change are expected to increase by 2050, as the effects of global warming get more severe.
Ghana’s President Nana Akufo Addo said his country will push for the funds allocated to adapting to a warmer climate to be doubled at the forthcoming United Nations summit in Egypt in November.
After decades of developed countries falling short on their funding promises, many African nations remain skeptical that the funds will ever reach the continent.
The U.N. Climate Change High-Level Champion for Egypt, Mahmoud Mohieldin, said the existing global climate financing structure is “insufficient and ineffective,” especially for Africa.
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Follow AP’s climate and environment coverage at https://apnews.com/hub/climate-and-environment
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Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content. | https://cw33.com/news/ap-top-headlines/ap-as-africas-climate-warms-rich-countries-pledge-more-funds/ | 2022-09-05T17:35:24Z |
ASHEVILLE, N.C., July 14, 2022 /PRNewswire/ -- Digital Health Software company, ilumivu, announces a new study on Postural Orthostatic Tachycardia Syndrome (POTS) using its heart health application Cardiogram at the Dysautonomia International Annual Conference July 14-17.
The Dysautonomia International Annual Conference is the world's largest conference on autonomic nervous system disorders where ilumivu is a participating sponsor. This year's event will stream live and feature expert presentations on autonomic nervous system disorders like Dysautonomia and POTS.
During the event, ilumivu will reveal the details of a new study into POTS — a disorder characterized by an increase in heart rate by 30 to 40 beats per minute within ten minutes of standing. POTS is a common condition that affects an estimated 1 to 3 million Americans, 80-85% of which are female. The disease has become more prevalent since the pandemic and has been linked to long-haul COVID. Some common symptoms of POTS include fainting, sweating, light-headedness, fatigue and headaches and can go undiagnosed for up to six years. Additionally, 59% of individuals are initially misdiagnosed with anxiety instead of POTS.
ilumivu will be collecting data using their Cardiogram heart health application to gain greater insight on how individuals with POTS can track and manage their symptoms. The data will be used exclusively for the company's research to help improve the quality of their recommendations and the health of their patients.
Cardiogram is a leading heart health mobile app providing continuous cardiovascular monitoring using off-the-shelf wearables such as Garmin, Apple Watch, and Fitbit. The app is a clinically validated heart health monitor that has become a reliable ally to help individuals monitor their heart health and pre-diagnose heart related conditions for hypertension, sleep apnea, diabetes and atrial fibrillation. Cardiogram is available for download on the Apple and Google store with over 3.7 million downloads to date.
President of ilumivu, T. David Smith, is excited about the new POTS study. He said: "We want to champion proactive intervention of POTS with this new study. We believe that if people living with POTS are empowered with reliable data, they can implement changes to improve their quality of life through ongoing monitoring of symptoms.
For further information or to participate in the POTS study, visit: https://ilumivu.com. To register for the Dysautonomia International Annual Conference, visit: https://web.cvent.com/event/843f4246-2147-4653-bfc4-caafce8a8192/summary Learn more about Cardiogram at: https://cardiogram.com.
Founded in 2009, ilumivu provides healthcare decision support applications using the psychology of behavior change, combined with real-time data from smartwatches and smartphones to reduce healthcare costs. With a pedigree in research in multiple disease areas at over 100 leading research universities and health systems, ilumivu delivers just-in-time interventions based on individualized baselines to improve measurable member care outcomes. https://ilumivu.com/
Media contact: Stacy Earl
Email: stacy.earl@ilumivu.com
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SOURCE ILUMIVU | https://www.wibw.com/prnewswire/2022/07/14/ilumivu-set-launch-new-study-into-pots-dysautonomia-international-annual-conference/ | 2022-07-14T14:35:37Z |
Better Business Bureau: Beware of scammers taking advantage of crowdfunding
Crowdfunding is generally used to fund a charitable cause or commercial endeavor by raising small amounts of money from a large number of people over the Internet or social media. Thousands of crowdfunding platforms are used to raise tens of billions of dollars annually.
Well-known platforms include GoFundMe, Indiegogo and Kickstarter.
Crowdfunding can be particularly useful in gathering donations in a hurry in response to a natural disaster or human tragedy. In the commercial arena, it’s been used to fund books, music, games, gadgets, and other types of products and services.
Here are a few things to know:
- The campaign organizer establishes the goal of the campaign and receives the money. If it’s a charitable cause, the money doesn’t go directly to the person or people it’s intended to help.
- Each crowdfunding platform has its own set of rules on how campaigns are established, how and when money will be disbursed to the organizer, and how much the platform collects in fees. They also vary in the degree to which they vet appeals.
- Only donations to a crowdfunding appeal established by a registered charity are tax deductible.
Unfortunately, scammers have used crowdfunding appeals to steal money from donors and investors.
Perhaps the most notorious charitable scam involved a heartwarming story out of Philadelphia in which a homeless veteran gave his last $20 to a woman who ran out of gas. The woman and her boyfriend set up a GoFundMe campaign to help the man get off the streets, ultimately raising $400,000 from 14,000 people after the story gained international attention.
The whole story was fabricated and the couple spent most of the money on gambling, vacations, clothes and a luxury car.
A California woman was recently sentenced to five years in prison for conning donors out of $100,000 to help fund her fictional battle with Hodgkin’s lymphoma. She posted fake photos of her hospital stays and the drugs she was taking, and even shaved her head to make it look like she had lost her hair as a result of cancer treatments.
In September 2021, the SEC brought its first crowdfunding fraud case against three people who conducted fraudulent appeals marketed as an opportunity to invest in cannabis real estate. They raised almost $2 million, none of which was ever used to acquire or improve real estate. The SEC also charged the operator of the crowdfunding website with allowing the scam to continue despite being aware of “multiple signs of possible fraud or other harm to investors.”
The FTC and BBB offer these tips to avoid donating to a phony crowdfunding appeal:
Scammers often use stolen photos in charitable crowdfunding appeals, so do a reverse image search of photos to see if they’re associated with other names or if details don’t match with the appeal. You’re safest donating to campaigns organized by people you know.
Find out who the organizer of a commercial fundraising campaign is and check out the name online. Ask about the person’s experience and expertise in launching new products or services, understand what happens to your money if the project never gets off the ground, ask for a production schedule, and be clear on whether you’ll get anything out of the project such as a free or discounted sample of a product.
Randy Hutchinson is president & CEO Better Business Bureau of the Mid-South. This column is in partnership with Better Business Bureau of Middle Tennessee & Southern Kentucky. | https://www.jacksonsun.com/story/news/2022/08/18/better-business-bureau-beware-scammers-taking-advantage-crowdfunding/10318100002/ | 2022-08-18T07:31:20Z |
- Antitrust approvals have been granted by the relevant governing authorities, including the Federal Trade Commission ("FTC"), with respect to the previously announced Pfizer Inc. acquisition of Biohaven Pharmaceutical Holding Company Ltd.; preliminary proxy statement has been filed with the SEC
- NURTEC® ODT (rimegepant) TRx volumes grew 11% and net product revenue was $194 million, up sequentially 57%
- Anticipated closing of the merger agreement necessitates accounting of derivative losses in the amount of $1.57 per share resulting in a total second quarter reported net loss of $6.21 per share; non-GAAP adjusted net loss1 for the second quarter was $3.82 per share
- Featured 31 new and encore presentations, including three late-breakers and three oral presentations, spotlighting robust Nurtec ODT and zavegepant migraine data at the 64th annual scientific meeting of the American Headache Society; oral presentations included first of its kind study in migraine reporting on the safety and benefits of Nurtec ODT when used as preventive treatment and as-needed for acute treatment of migraine
- Zavegepant nasal spray New Drug Application ("NDA") filing accepted by the U.S. Food and Drug Administration ("FDA"), with a Prescription Drug User Fee Act goal date set for first quarter of 2023
- Commenced enrollment in Phase 3 clinical trial assessing efficacy and safety of taldefgrobep alfa in patients with Spinal Muscular Atrophy
NEW HAVEN, Conn., Aug. 5, 2022 /PRNewswire/ -- Biohaven Pharmaceutical Holding Company Ltd. (NYSE: BHVN), a biopharmaceutical company with a portfolio of innovative, late-stage product candidates targeting neurological diseases, including rare disorders, today reported financial results for the second quarter ended June 30, 2022, and provided a review of recent accomplishments during and anticipated upcoming milestones.
Vlad Coric, M.D., Chairman and Chief Executive Officer of Biohaven, commented, "As expected, we observed a strong rebound in NURTEC ODT net revenue as first quarter seasonal dynamics abated. Net product revenue of $194 million for the quarter represented a 57% sequential increase compared to the first quarter and reflects strong product demand. In addition, the sales mix of our 2-pack (16-tablet count) of Nurtec ODT continued to ramp in the second quarter. Investments made in first quarter copay programs drove volume and net revenue growth, and the benefits of the only 'all-in-one' therapy to treat and prevent migraine continued to resonate with and improve the lives of patients living with migraine. And now, with the intranasal zavegepant NDA filing acceptance, we are closer to bringing a new, critical medication to market that offers migraine patients ultra-rapid relief in as early as 15 minutes, and addresses the needs of patients experiencing nausea or vomiting who need non-oral treatment options."
Dr. Coric continued, "We are excited about the vast opportunities beyond CGRP and have made tremendous strides across our broader pipeline, starting with our program in focal epilepsy with what we believe is a best-in-class approach to Kv7 potassium channel activation. We are working hard to expedite enrollment in our Phase 1 trial and look forward to exploring its potential in other epilepsy types as well as in pain and affective disorders. Likewise, we recently dosed the first subject in our Phase 3 trial evaluating taldefgrobep alfa in subjects with Spinal Muscular Atrophy (SMA); we look forward to driving enrollment in this trial and exploring the potential of taldefgrobep alfa in additional indications. We also remain on track to report topline results from the verdiperstat arm of the platform trial in ALS, sponsored by the Sean M. Healey & AMG Center for ALS at Massachusetts General Hospital in the second half of the year. We are excited about the paradigm-shifting approaches we're exploring across our expanding pipeline and will continue working determinedly to improve outcomes for patients living with neuroscience diseases."
Second Quarter and Recent Business Highlights
- Q2 2022 net product revenue from sales of NURTEC ODT totaled $194 million, up sequentially 57% compared to Q1 2022 – NURTEC ODT has now achieved over 2,200,000 prescriptions, and over 79,000 unique prescribers through June 30, 2022, an increase of 11,500 prescribers from the first quarter, signaling continued traction across the prescribing community. The $194 million in net product revenues for the quarter represents a 109% increase over the second quarter of 2021 and a 57% increase from net product revenues over the first quarter of 2022. The increase of $70 million in net product revenues as compared to the first quarter of 2022 is due primarily to increased NURTEC ODT prescription sales volume and favorable pack mix per prescription. In addition, we continue to see improvements in patient affordability / copay support needs as patients satisfy annual deductible obligations. These are marginally offset by additional rebates during the second quarter of 2022 compared to the first quarter of 2022. The Company remains on track to meet full year 2022 net product sales guidance of $825 - $900 million.
- Antitrust approval granted for proposed acquisition by Pfizer; other closing conditions – As previously disclosed, Biohaven entered into an agreement and plan of merger with Pfizer, Inc. ("Pfizer") on May 10, 2022, under which Pfizer will acquire Biohaven (the "Merger"). Under the terms of the agreement, Pfizer will acquire all outstanding shares of Biohaven not already owned by Pfizer for $148.50 per share in cash. Biohaven common shareholders, including Pfizer, will also receive 0.5 of a share of New Biohaven, a new publicly traded company that will retain Biohaven's non-CGRP development stage pipeline compounds, per Biohaven common share. The boards of directors of both Biohaven and Pfizer have unanimously approved the transaction. Pfizer will pay transaction consideration totaling approximately $11.6 billion in cash. Pfizer will also make payments at closing to settle Biohaven's third party debt and for the redemption of all outstanding shares of Biohaven's redeemable preferred stock.
- U.S. FDA accepted Biohaven's zavegepant NDA filing for the acute treatment of migraine in adults – In May, the Company announced that the FDA filed and accepted for review the Company's recently submitted NDA for zavegepant, the only small molecule calcitonin gene-related peptide ("CGRP") receptor antagonist in an intranasal formulation, for the acute treatment of migraine in adults. The Prescription Drug User Fee Act ("PDUFA") goal date for completion of the FDA review of the NDA is set for the first quarter of 2023. The Company had announced the achievement of positive results in the pivotal trial of zavegepant for the acute treatment of migraine in adults in December, 2021.
- Commenced enrollment in Phase 3 Spinal Muscular Atrophy ("SMA") study – In July, the Company commenced enrollment in a Phase 3 clinical trial assessing the efficacy and safety of taldefgrobep alfa in Spinal Muscular Atrophy (SMA). Taldefgrobep targets myostatin, a natural protein that limits skeletal muscle growth, through two mechanisms: lowering myostatin directly and blocking key downstream signaling mechanisms. The Company expects to enroll approximately 180 patients in this randomized, double-blind, placebo-controlled global trial.
- Global Coalition for Adaptive Research ("GCAR") commenced enrollment in Glioblastoma Adaptive Global Innovative Learning Environment ("GBM Agile") Phase 2-3 adaptive platform trial for patients with glioblastoma – In July, GCAR announced the activation of Biohaven's troriluzole and Vigeo Therapeutics' VT1021 in GBM AGILE, a patient-centered, adaptive platform trial for registration that tests multiple therapies for patients with newly-diagnosed and recurrent glioblastoma ("GBM"). GBM AGILE is an international, innovative platform trial designed to more rapidly identify and confirm effective therapies for patients with glioblastoma through response adaptive randomization. The new interventions are opening first at Henry Ford Health Cancer in Detroit under Henry Ford site Principal Investigator Dr. Tom Mikkelsen and will subsequently open at more than 40 trial sites across the United States with additional global sites to follow.
- Phase 3 clinical trial of troriluzole did not reach statistical significance in overall SCA population – In May, the Company announced top-line results from a Phase 3 clinical trial evaluating the efficacy and safety of its investigational therapy, troriluzole, in patients with spinocerebellar ataxia (SCA). The primary endpoint, change from baseline to Week 48 on the modified functional Scale for the Assessment and Rating of Ataxia (f-SARA), did not reach statistical significance in the overall SCA population as there was less than expected disease progression over the course of the study. However, post hoc analysis of efficacy measures by genotype suggested a treatment effect in patients with the SCA Type 3 (SCA3) genotype, which represents the most common form of SCA and accounted for 41 percent of the study population. In the SCA3 subgroup, troriluzole showed a numerical treatment benefit on the change in f-SARA score from baseline to Week 48 compared to placebo. Given the debilitating nature of the disease and lack of approved therapies, the Company intends to share the SCA3 genotype data with regulators and work with the FDA to address a path forward for troriluzole in SCA.
- Presented new Nurtec ODT, zavegepant, and migraine health economics and outcomes research (HEOR) data at the American Headache Society Annual Scientific Meeting – In June, the Company presented 31 new and encore presentations, including three late-breakers and three oral presentations, at the 64th annual scientific meeting of the American Headache Society. Key updates:
Upcoming Milestones:
Biohaven is continuing to support the commercialization of NURTEC ODT for the acute and preventive treatment of migraine, as well as develop its product candidates through clinical and preclinical programs in a number of common and rare disorders. The Company expects to reach significant pipeline milestones across its platforms in the coming quarters.
Biohaven expects to:
- Consummate the acquisition by Pfizer by early 2023, subject to the completion of the new Biohaven spin-off transaction and other customary closing conditions.
- Advance Phase 1 study of BHV-7000 (Kv7) in focal epilepsy.
- Continue to advance the commercialization of NURTEC ODT (rimegepant) for the acute and preventive treatment of migraine.
- Continue to advance the zavegepant (intranasal spray) program towards commercialization for the acute treatment of migraine.
- Submit an NDA for the acute treatment of migraine in China in the second half of 2022.
- Report topline of verdiperstat in ALS in the second half of 2022.
- Complete enrollment in Phase 3 study of troriluzole in Obsessive-Compulsive Disorder in 2023.
Capital Position:
Cash, cash equivalents, and marketable securities as of June 30, 2022, were $553.5 million, excluding $0.8 million of restricted cash, compared to $364.6 million as of December 31, 2021. On January 4, 2022, we received $500.0 million in upfront proceeds from Pfizer relating to our strategic collaboration arrangement, consisting of $150.0 million cash and $350.0 million in proceeds from the purchase of Biohaven common shares at a 25% market premium. In addition, during the second quarter of 2022 we drew $125.0 million in non-dilutive committed capital from our credit facility with Sixth Street.
Second Quarter 2022 Financial Highlights
Product Revenue, Net: Net product revenue was $194.0 million for the three months ended June 30, 2022, compared to $92.9 million for the three months ended June 30, 2021. The increase of $101.0 million in net product revenue was primarily due to increased NURTEC ODT sales volume as well as an increase in average pills per prescription during the three months ended June 30, 2022, compared to the three months ended June 30, 2021. The increase in the second quarter of 2022 compared to the second quarter of 2021 was also benefited from improved patient affordability support, partially offset by additional rebate related sales allowances.
Collaboration and Other Revenue: Collaboration and other revenue was $21.1 million for the three months ended June 30, 2022. No collaboration and other revenue was recognized for the three months ended June 30, 2021. The collaboration and other revenue recognized during the three months ended June 30, 2022 was primarily due to $20.0 million of variable consideration recognized as part of our collaboration arrangement with Pfizer.
Research and Development ("R&D") Expenses: R&D expenses, including non-cash share-based compensation costs, were $218.5 million for the three months ended June 30, 2022, compared to $77.4 million for the three months ended June 30, 2021. The increase of $141.1 million was primarily due to the acquisition of our Kv7 Platform from Knopp Biosciences LLC in April 2022 for $93.7 million and a $25.0 million development milestone related to BHV-7000, increased program expenses for rimegepant, and increased personnel costs. Non-cash share-based compensation expense was $16.6 million for the three months ended June 30, 2022, an increase of $7.4 million as compared to the same period in 2021.
Selling, General and Administrative ("SG&A") Expenses: SG&A expenses, including non-cash share-based compensation costs, were $250.5 million for the three months ended June 30, 2022, compared to $170.1 million for the three months ended June 30, 2021. The increase of $80.4 million was primarily due to increases in spending to support increased commercial sales of NURTEC ODT, including the launch of NURTEC ODT for the preventative treatment of migraine which was approved by the FDA in May of 2021. Additionally, approximately $9.6 million of the increased SG&A expense related to fees incurred in connection with the Pfizer Merger, including increased legal and accounting costs. Less than half of the SG&A expense was for commercial organization personnel costs, excluding non-cash share-based compensation expense. Non-cash share-based compensation expense was $23.6 million for the three months ended June 30, 2022, an increase of $7.3 million as compared to the same period in 2021.
Other Expense, Net: Other expense, net was $152.2 million for the three months ended June 30, 2022, compared to $34.9 million for the three months ended June 30, 2021. The increase of $117.3 million in net expense was primarily due to a $109.7 million change in fair value of derivative liabilities, as well as $9.3 million of increased interest expense as a result of additional borrowings under our debt facility with Sixth Street Specialty Lending, Inc. ("Sixth Street"). The change in fair value of derivative liabilities was a result of derivative liabilities recorded in connection with change of control provisions associated with the pending acquisition of Biohaven by Pfizer for our series A and B preferred shares and term loans with Sixth Street.
Net Loss: Biohaven reported a net loss attributable to common shareholders for the three months ended June 30, 2022, of $441.4 million, or $6.21 per share, compared to $210.6 million, or $3.23 per share for the same period in 2021. Anticipated closing of the merger agreement necessitates accounting of derivative losses in the amount of $1.57 per share resulting in a total second quarter reported net loss of $6.21 per share. Non-GAAP adjusted net loss for the three months ended June 30, 2022 was $271.4 million, or $3.82 per share, compared to $170.9 million, or $2.62 per share for the same period in 2021. These non-GAAP adjusted net loss and non-GAAP adjusted net loss per share measures, more fully described below under "Non-GAAP Financial Measures," exclude non-cash share-based compensation charges, non-cash interest expense related to the accounting for mandatorily redeemable preferred shares and liability related to sale of future royalties, changes in the fair value of derivatives and gains or losses from equity method investment. A reconciliation of the GAAP financial results to non-GAAP financial results is included in the tables below.
Non-GAAP Financial Measures
This press release includes financial results prepared in accordance with accounting principles generally accepted in the United States (GAAP), and also certain non-GAAP financial measures. In particular, Biohaven has provided non-GAAP adjusted net loss and adjusted net loss per share, adjusted to exclude the items below. Non-GAAP financial measures are not an alternative for financial measures prepared in accordance with GAAP. However, Biohaven believes the presentation of non-GAAP adjusted net loss and adjusted net loss per share, when viewed in conjunction with GAAP results, provides investors with a more meaningful understanding of ongoing operating performance. These measures exclude (i) non-cash share-based compensation, which is substantially dependent on changes in the market price of common shares, (ii) interest expense related to the accounting for our mandatorily redeemable preferred shares and liability related to sale of future royalties, which are in excess of the actual interest owed, (iii) changes in the fair value of derivative liability, which does not correlate to actual cash payment obligations in the relevant periods, and (iv) gains or losses from equity method investment, which are non-cash and based on the financial results and valuation of another company that we did not manage or control.
Biohaven believes the presentation of these non-GAAP financial measures provides useful information to management and investors regarding Biohaven's results of operations. When GAAP financial measures are viewed in conjunction with these non-GAAP financial measures, investors are provided with a more meaningful understanding of Biohaven's ongoing operating performance and are better able to compare Biohaven's performance between periods. In addition, these non-GAAP financial measures are among those indicators Biohaven uses as a basis for evaluating performance, and planning and forecasting future periods. These non-GAAP financial measures are not intended to be considered in isolation or as a substitute for GAAP financial measures. A reconciliation between these non-GAAP measures and the most directly comparable GAAP measures is provided later in this press release.
About Biohaven
Biohaven is a global commercial-stage biopharmaceutical company with a portfolio of innovative therapies to improve the lives of patients with debilitating neurological and neuropsychiatric diseases, including rare disorders. Biohaven's Neuroinnovation™ portfolio includes FDA-approved NURTEC® ODT (rimegepant) for the acute and preventive treatment of migraine (EMA-approved as VYDURA® for the acute treatment of migraine with or without aura, and prophylaxis of episodic migraine in adults who have at least four migraine attacks per month) and a broad pipeline of late-stage product candidates across five distinct mechanistic platforms: CGRP receptor antagonism for the acute and preventive treatment of migraine and other CGRP-mediated diseases; glutamate modulation for obsessive-compulsive disorder and spinocerebellar ataxia; myeloperoxidase (MPO) inhibition for amyotrophic lateral sclerosis; Kv7 ion channel activators for focal epilepsy and neuronal hyperexcitability, and myostatin inhibition for neuromuscular diseases. More information about Biohaven is available at www.biohavenpharma.com.
Forward-Looking Statements
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The use of certain words, including "believe", "continue", "may", "will", "anticipate", "expect" and similar expressions, are intended to identify forward-looking statements. These forward-looking statements involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of Biohaven's management about NURTEC ODT as an acute treatment for patients with migraine and preventive treatment for migraine. Factors that could affect these forward-looking statements include those related to: Biohaven's ability to effectively commercialize NURTEC ODT, delays or problems in the supply or manufacture of NURTEC ODT, complying with applicable U.S. regulatory requirements, the expected timing, commencement and outcomes of Biohaven's planned and ongoing clinical trials; the timing of planned interactions and filings with the FDA; the timing and outcome of expected regulatory filings; the potential commercialization of Biohaven's product candidates; the potential for Biohaven's product candidates to be first in class or best in class therapies; and the effectiveness and safety of Biohaven's product candidates. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by forward-looking statements. Additional important factors to be considered in connection with forward-looking statements are described in the "Risk Factors" section of the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 25, 2022, and in Biohaven's subsequent filings with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this new release, and Biohaven does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
About NURTEC ODT
NURTEC ODT (rimegepant) is the first and only calcitonin gene-related peptide (CGRP) receptor antagonist available in a quick-dissolve ODT formulation that is approved by the U.S. Food and Drug Administration (FDA) for the acute treatment of migraine with or without aura and the preventive treatment of episodic migraine in adults. The activity of the neuropeptide CGRP is thought to play a causal role in migraine pathophysiology. NURTEC ODT is a CGRP receptor antagonist that works by reversibly blocking CGRP receptors, thereby inhibiting the biologic activity of the CGRP neuropeptide. The recommended dose of NURTEC ODT is 75 mg, taken as needed, up to once daily to treat or every other day to help prevent migraine attacks. For more information about NURTEC ODT, visit www.nurtec.com. The most common adverse reaction was nausea and abdominal pain/indigestion. Avoid concomitant administration of NURTEC ODT with strong inhibitors of CYP3A4, strong or moderate inducers of CYP3A or inhibitors of P-gp or BCRP. Avoid another dose of NURTEC ODT within 48 hours when it is administered with moderate inhibitors of CYP3A4.
Indication
NURTEC ODT orally disintegrating tablets is a prescription medicine that is used to treat migraine in adults. It is for the acute treatment of migraine attacks with or without aura and the preventive treatment of episodic migraine. It is not known if NURTEC ODT is safe and effective in children.
Important Safety Information
Do not take NURTEC ODT if you are allergic to NURTEC ODT (rimegepant) or any of its ingredients.
Before you take NURTEC ODT, tell your healthcare provider (HCP) about all your medical conditions, including if you:
- have liver problems,
- have kidney problems,
- are pregnant or plan to become pregnant,
- breastfeeding or plan to breastfeed.
Tell your HCP about all the medicines you take, including prescription and over-the-counter medicines, vitamins, and herbal supplements.
NURTEC ODT may cause serious side effects including allergic reactions, including trouble breathing and rash. This can happen days after you take NURTEC ODT. Call your HCP or get emergency help right away if you have swelling of the face, mouth, tongue, or throat or trouble breathing. This occurred in less than 1% of patients treated with NURTEC ODT.
The most common side effects of NURTEC ODT were nausea (2.7%) and stomach pain/indigestion (2.4%). These are not the only possible side effects of NURTEC ODT. Tell your HCP if you have any side effects.
You are encouraged to report side effects of prescription drugs to the FDA. Visit www.fda.gov/medwatch or call 1-800-FDA-1088 or report side effects to Biohaven at 1-833-4Nurtec.
Please click here for full Prescribing information and Patient Information.
Biohaven Contacts
Investor Relations
Jennifer Porcelli, VP, Investor Relations
Biohaven Pharmaceuticals
jennifer.porcelli@biohavenpharma.com
+1 (201) 248-0741
Media
Mike Beyer, Media Relations Counselor
Sam Brown Inc.
mikebeyer@sambrown.com
+1 (312) 961-2502
NURTEC, NURTEC ODT and VYDURA are registered trademarks of Biohaven Pharmaceutical Ireland DAC. Neuroinnovation is a trademark of Biohaven Pharmaceutical Holding Company Ltd.
1 Adjusted net loss per share is a non GAAP measure as defined below. See the tables below for a reconciliation to the most comparable GAAP measure.
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SOURCE Biohaven Pharmaceutical Holding Company Ltd. | https://www.wibw.com/prnewswire/2022/08/05/biohaven-reports-second-quarter-2022-financial-results-reports-recent-business-developments/ | 2022-08-05T12:12:32Z |
Expresses Disappointment in Zendesk's Lack of Engagement
Reiterates Confidence in Alternative Proposal and Intention to Vote AGAINST the Proposed Transaction
Affirms Intention to Secure Capital Needed to Execute on Superior Alternative Proposal with Constructive Engagement from Zendesk Board and Management
Highlights Strong Support for Alternative Proposal from Major Zendesk Shareholders
Full Text of the Letter, along with Details of Light Street's Alternative Proposal, Available at www.lightstreet.com/zen
PALO ALTO, Calif., Sept. 12, 2022 /PRNewswire/ -- Light Street Capital Management, LLC ("Light Street" or the "Firm"), which manages funds that own more than two percent of the outstanding shares of Zendesk, Inc. (NYSE: ZEN) ("Zendesk" or the "Company"), today delivered a letter to the Zendesk Board of Directors (the "Board") expressing extreme disappointment in the Board's failure to engage with Light Street or its shareholders regarding the alternative and superior path forward for the Company and its shareholders that was delivered to the Board on August 29 (the "Alternative Proposal").
In the letter, Light Street affirms its intention to vote AGAINST the Company's proposed transaction with affiliates of funds advised by Hellman & Friedman LLC and Permira Advisers LLC (the "Proposed Transaction"), and highlights strong indications of support from many of Zendesk's largest shareholders who believe the Alternative Proposal, under the right terms and with qualified partners, represents a superior path forward for Zendesk. Further, after discussions with a number of large, multi-billion-dollar asset managers that are premier enterprise software investors in both the public and private equity markets, Light Street affirms its confidence that committed financing would be available with constructive and collaborative engagement of the Zendesk Board and management.
In light of the superior nature of the Alternative Proposal and access to committed financing necessary to execute it, Light Street urges the Board to postpone the upcoming shareholder vote and constructively engage with Light Street and other investors in good faith to seriously consider both paths forward for the benefit of all Zendesk shareholders.
The full text of the letter delivered to the Zendesk Board, along with detail regarding Light Street's alternative proposal to Zendesk can be found at www.lightstreet.com/zen.
About Light Street Capital Management
Founded in 2010, Light Street Capital Management, LLC is an investment management firm based in Palo Alto, California. The firm invests globally in technology businesses across public and private markets.
Important Information
Light Street, together with the other participants named herein, intends to file a proxy statement with the Securities and Exchange Commission (the "SEC") to be used to urge stockholders of Zendesk, Inc. (the "Company") to vote on the Company's proxy card "AGAINST" the proposed merger of the Company with affiliates of funds advised by Hellman & Friedman LLC and Permira Advisers LLC, and other Company proposals, at the upcoming special meeting of stockholders of the Company.
LIGHT STREET STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ LIGHT STREET'S PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS AND ANY OTHER RELEVANT DOCUMENTS WILL BE AVAILABLE AT NO CHARGE ON THE SEC'S WEBSITE AT WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE UPON REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE PARTICIPANTS' PROXY SOLICITOR.
STOCKHOLDERS OF THE COMPANY ARE ALSO ADVISED TO READ THE DEFINITIVE PROXY STATEMENT, DATED AUGUST 8, 2022, AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY THE COMPANY FROM ITS STOCKHOLDERS FOR USE AT THE COMPANY'S UPCOMING SPECIAL MEETING OF STOCKHOLDERS, BECAUSE THEY CONTAIN IMPORTANT INFORMATION. A DEFINITIVE PROXY STATEMENT HAS BEEN MAILED TO STOCKHOLDERS OF THE COMPANY AND IS ALSO AVAILABLE AT NO CHARGE ON THE SEC'S WEBSITE AT WWW.SEC.GOV.
Participant Information
The participants in the proxy solicitation are anticipated to be Light Street, Light Street Mercury Master Fund, L.P., Light Street SPV7, L.P., Light Street Tungsten Master Fund, L.P., Light Street Halo, L.P. and Glen Kacher.
As of the date hereof, Light Street Mercury Master Fund, L.P. ("Mercury") directly owns 1,257,571 shares of common stock, par value $0.01 per share, of the Company ("Common Stock"), Light Street SPV7, L.P. ("SPV7") directly owns 1,260,549 shares of Common Stock, Light Street Tungsten Master Fund, L.P. ("Tungsten Master Fund") directly owns 174,400 shares of Common Stock, and Light Street Halo, L.P. ("Halo") directly owns 33,721 shares of Common Stock. Light Street, as the investment adviser and general partner of Mercury, SPV7, Tungsten Master Fund and Halo, exercises voting and investment power over the Common Stock held for the account of Mercury, SPV7, Tungsten Master Fund and Halo, and as such may be deemed to beneficially own the 2,726,241 shares of Common Stock owned in the aggregate by Mercury, SPV7, Tungsten Master Fund and Halo. Mr. Kacher, as the Chief Investment Officer of Light Street, may be deemed to beneficially own the 2,726,241 shares of Common Stock owned in the aggregate by Mercury, SPV7, Tungsten Master Fund and Halo.
Forward-looking Statements
Certain statements contained in this letter, and the documents referred to in this letter, are forward-looking statements including, but not limited to, statements that are predications of or indicate future events, trends, plans or objectives including the Light Street proposal set forth herein. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties. Forward-looking statements are not guarantees of future performance or activities and are subject to many risks and uncertainties. Due to such risks and uncertainties, actual events or results or actual performance may differ materially from those reflected or contemplated in such forward-looking statements, including the facts that the Light Street proposal set forth herein is non-binding and subject to due diligence and the execution of mutually acceptable definitive documents, may be rejected by the Company, and/or may be subject to certain closing conditions including stockholder approval and therefore such proposal may not be consummated. Forward-looking statements can be identified by the use of the future tense or other forward-looking words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "should," "may," "will," "objective," "projection," "forecast," "management believes," "continue," "strategy," "position" or the negative of those terms or other variations of them or by comparable terminology.
Important factors that could cause actual results to differ materially from the expectations set forth in this letter include, among other things, the factors identified under the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, as amended, and under the section entitled "Forward-Looking Statements" in the Company's Definitive Proxy Statement, filed with the SEC on August 8, 2022. Such forward-looking statements should therefore be construed in light of such factors, and Light Street is under no obligation, and expressly disclaim any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Information Regarding Any Proposed Transaction
In furtherance of the Light Street proposal and subject to future developments, Light Street (and, if a negotiated transaction is agreed, the Company) may file one or more registration statements, proxy statements, tender offer statements or other documents with the SEC. This letter is not a substitute for any proxy statement, registration statement, tender offer statement, prospectus or other document Light Street and/or the Company may file with the SEC in connection with any proposed transaction.
INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ ANY SUCH PROXY STATEMENT(S), REGISTRATION STATEMENT, TENDER OFFER STATEMENT, PROSPECTUS AND/OR OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT A PROPOSED TRANSACTION. Any definitive proxy statement(s) or prospectus(es) (if and when available) will be mailed to stockholders of the Company. Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by Light Street and/or the Company through the SEC's web site at www.sec.gov.
This letter is neither a solicitation of a proxy nor a substitute for any proxy statement or other filings that may be made with the SEC. Nonetheless, Light Street and/or its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of any proposed transaction. Additional information regarding the interests of such potential participants may be included in one or more registration statements, proxy statements, tender offer statements or other documents filed with the SEC if and when they become available. These documents (if and when available) may be obtained at no charge on the SEC's website at www.sec.gov.
Notice to Investors
Notwithstanding anything stated herein, Light Street reserves the right to sell shares of the Company in the future in connection with redemption requests by investors in its affiliated funds or in the event the Company's Board of Directors is not responding, in the opinion of Light Street, appropriately to the Light Street proposal and it is in such funds' interests to do so.
Media Contacts
ASC Advisors
Steve Bruce / Taylor Ingraham
sbruce@ascadvisors.com / tingraham@ascadvisors.com
{203} 992-1230
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SOURCE Light Street Capital Management | https://www.kxii.com/prnewswire/2022/09/12/light-street-capital-urges-zendesk-board-delay-vote-constructively-engage-good-faith-with-its-shareholders/ | 2022-09-12T13:51:34Z |
Longtime Atchison High School teacher suspended and contract not renewed
ATCHISON, Kan. (WIBW) - A longtime teacher at Atchison High School has been suspended and her contract not renewed, according to KAIR Radio.
The action regarding teacher Monica Beien was taken at Monday night’s Atchison Unified School District 409 board of education meeting.
According to KAIR, violations of school district policies were being cited as reasons not to renew Beien’s contract.
The USD 409 board of education’s decision not to renew Beien’s contract for next school year was included in a resolution at Monday’s meeting.
KAIR said Beien, who began working for the school district in August 2003, is currently on suspension with pay.
Beien, who also has served as a coach in the district, has an opportunity to a hearing to appeal the board’s decision.
For more information, visit https://www.mscnews.net.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/14/longtime-atchison-high-school-teacher-suspended-contract-not-renewed/ | 2022-04-14T13:02:04Z |
CALGARY, AB, June 2, 2022 /PRNewswire/ - B-32 Exploration Ltd. (the "Company") is pleased to announce the final closing of a series of non-brokered financings totaling $20.6 million. This last tranche was over-subscribed by over $1 million and brings the total funds raised since inception to $28 million. Larry Evans, Chairman and Chief Executive Officer, commented "This is an amazing feat considering the difficult market conditions for emerging private companies and is a testament to the quality of our dominant Duvernay oil position in the Greater Kaybob Basin."
The Company has been very active operationally drilling its first two well pad in March. The wells located at 4-2-72-22W5 and 5-20-72-22W5 were both drilled to a total measured depth of over 6100m with 3200m horizontal sections and stayed 100% in the target zone. Both wells were drilled under-budget and faster than expected. The 5-20 well was drilled in less than 12 days establishing it as the pacesetter well for the Greater Kaybob Duvernay area which is an exceptional feat considering it was only the Company's second well. With some added efficiencies the company expects to reduce this time even further on its next round of drilling scheduled for the fall.
DFIT's have been recently conducted on each well and confirmed a reservoir pressure in the 45-47 MPa range resulting in a significant overpressure gradient of 16-17 kPa/m. These pressures are on trend and consistent with pressures observed by Murphy in the prolific Two Creeks area of Kaybob. Both wells are currently being fracked with first production expected later in June.
The company has continued to add acreage at a very modest cost, bringing its land position up to 280 Sections representing the largest private company landholdings in the greater Kaybob area. This acreage position supports over 400 locations of 4000m lateral wells within a minimum pay of 50 feet (15 meters) with the potential to develop a 30,000 bbl/day project.
"It is still early stage, but the heavy lifting has been done," commented Evans. "We have drilled two successful wells on an enviable land position in a sweet spot of the Duvernay oil window, have a type-curve confirming offset well when normalized for completion practices, and have confirmed we are in a significantly over-pressured area. This, combined with Murphy reporting initial production rates on its latest wells in its Two Creek Area of 800 BOPD, provides us with a high level of confidence given our similar reservoir properties."
For further information on B-32 please visit our website at www.B32Exploration.ca or contact Larry Evans: Email; levans@B32Exploration.ca Tel; 403-861-7471
About B-32 Exploration Ltd.
B-32 Exploration is an emerging private energy company focused exclusively on the Duvernay unconventional black oil window. The company has amassed over 280 sections in a northern extension of the prolific Kaybob basin where Murphy Oil, Hitic Energy and most recently GMT Exploration have experienced exceptional results. With the acreage primarily located on farmland with existing energy infrastructure in place the company is positioned for leading capital and operating cost efficiencies. The company is led by an experienced management team with a successful track record of creating significant shareholder value.
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SOURCE B-32 Exploration Ltd. | https://www.kxii.com/prnewswire/2022/06/02/b-32-exploration-closes-206-million-financing/ | 2022-06-02T12:54:22Z |
Dad shot in mouth protecting daughter from robber
PARKLAND, Wash. (KIRO) – A father in Washington is out of the hospital after being shot in the mouth defending his daughter from an attempted armed robbery.
Matthew Phillips said he was taking her to day care Friday when it happened.
“But you know what, I’d do it again in a heartbeat to protect my daughter,” he said Saturday. “Because that’s all there is to it. It’s for her. Anything.”
His sister, Chelsea Logan, said it has been an emotional time for the family.
“We got married in February and he was the ‘flower girl’ in Vegas. That’s my brother and mine’s relationship,” she said. “And if I would have lost him, a chunk of me would have went with him.”
Phillips described the incident he said he will never forget.
“As soon as I cut this corner, he came out from the back of this RV and was holding a rifle to the back window, which is where my daughter was sitting,” he said.
He says the man asked for his money and his truck. Once the man came to the driver-side door to take the money, Phillips acted and was able to get the gun away from him.
The man came back with another gun.
“And by the time I had it in gear, he was in front of me,” Phillips said. “He told me to stop. I put it in reverse, he then fired at the truck. Three rounds. One hit me and I took one to the mouth.”
Logan said if the bullet had not ricocheted, her brother likely would not be with them.
Even after being shot, Phillips wasn’t giving up.
“All I could think of was my daughter,” he said. “You’re not getting up. You’re not taking this gun.”
KIRO reported the father was able to pin the man down, and the Pierce County Sheriff’s Department was called.
“I hope that Bailey grows up and knows that her dad would give his life for her,” Logan said.
With help of neighbors, they were able to hold the attacker off until law enforcement arrived. A female accomplice also had a weapon and pointed it at deputies when they arrived, the department said in a news release.
Deputies ordered her to drop the gun and she complied, they said. Both were taken into custody.
“And to have somebody rush and come help me when I needed it, that was awesome. (My neighbor) was a good guy,” Phillips said.
Phillips said he was thankful for the help and the help of the sheriff’s department.
“My teeth will come back. My tongue will be OK,” he said.
And he was especially happy to spend Father’s Day with the one he loves most.
“I am very thankful that my daughter is still here,” he said.
Phillips will be seeing a dental specialist following the attack. Though he is likely to make a full recovery, he and his family are planning to move after the violent incident.
Copyright 2022 KIRO via CNN Newsource. All rights reserved. | https://www.wibw.com/2022/06/20/dad-shot-mouth-protecting-daughter-robber/ | 2022-06-20T08:08:33Z |
Roanoke College faculty voted to add the College's first graduate program in 100 years.
SALEM, V.A., April 8, 2022 /PRNewswire/ -- Roanoke College is poised to offer its first graduate program in more than a century, pending approval by the regional higher education accreditor, Southern Association of Colleges and Schools Commission on Colleges (SAACS-COC).
Faculty voted on March 23 to approve a Master of Business Administration (MBA) degree, and if approved, the College will begin administering the degree in summer 2023. If approved, this would be the first time the College will offer graduate courses since the 1920s, when Roanoke offered masters-level chemistry courses.
"This is a victory for Roanoke and our students," President Michael C. Maxey said. "The faculty worked hard on the proposal and created an excellent final product. We are grateful to everyone involved in developing this program. It is a great step forward for Roanoke College and our students."
The program will be a four-plus-one program, where students will complete their undergraduate degree in four years and their MBA after a fifth year. It will require summer and regular-term courses and will consist of 11 courses taken by yearly cohorts of 20 students. These cohorts will contain four teams working together on projects that will culminate in a comprehensive team project. The MBA degree provides in-depth knowledge and application in the core areas of business: accounting, leadership, ethics, economics, management, marketing, finance, and data analysis.
The MBA program connects to and supports the liberal arts tradition at Roanoke College by enhancing the knowledge students receive as undergraduates and preparing them for career and professional advancement.
Dr. Richard Grant, interim vice president for academic affairs, spearheaded the movement, as did a variety of faculty and staff members including Prof. Sharon Gibbs, interim associate dean for academic affairs and student engagement; Dr. Michelle Hagadorn, associate professor of business administration and economics; Dr. Gail Steehler, associate dean of academic affairs and administration; Dr. Shannon Anderson, associate professor of sociology and public health; and Dr. Charlene Kalinoski, professor of modern languages.
Roanoke College has an established academic reputation in business administration. The Princeton Review has named Roanoke a Great School for Business/Finance Majors every year since 2014. Business administration is the College's most popular major and offers students a wide array of real-world learning experiences in addition to a solid background of the major functional areas of business.
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SOURCE Roanoke College | https://www.mysuncoast.com/prnewswire/2022/04/08/roanoke-college-prepares-offer-mba-program/ | 2022-04-08T17:35:19Z |
"I'm thrilled that our new facility will accommodate the growing musical ambitions of our rapidly expanding body of students, provide musicians an intimate space to perform, and serve as a gathering place for the community."
SAN ANTONIO, Aug. 18, 2022 /PRNewswire/ -- Today Jason Sagebiel, the renowned founder of Sage Music, (https://www.sagemusic.co/) announced the planned opening of their new San Antonio music school and live music facility in midtown San Antonio.
As Sagebiel points out, "we recently purchased the property at 209 W. Poplar St. in Tobin Hill and began construction to convert it into a music school, community space, and performance venue. I'm thrilled that our new facility will accommodate the growing musical ambitions of our rapidly expanding body of students, provide musicians an intimate space to perform, and serve as a gathering place for the community."
Sage Music®, founded in 2012, is the only music school in the United States or abroad, that instructs aspiring and established musicians on how to master and increase their musical skills, practice, and learning - via the scientifically developed ARPEGGIO® lesson system, which is producing spectacular results and has students everywhere raving.
ARPEGGIO® was developed through the science and psychology of learning, and by Sagebiel's experiences of re-learning music after he suffered a brain injury in the Iraq War, where he served as a U.S. Marine. ARPEGGIO® guarantees the best musical training and customer service is given for every lesson taught. It's one reason students stay enrolled three times longer than the industry average.
Sage Music® has been described as a disruption to the music education industry as it continues to transform the face of music education.
Sage Music® offers innovative and personalized music lessons to students of all ages and abilities on piano, guitar, voice, violin, viola, cello, saxophone, clarinet, flute, drums, trumpet, composition, improvisation, and more. Students include everyone from adults to kids, beginners and amateurs to Broadway performers, Saturday Night Live cast members, and Emmy Award winners. Due to demand, students from 46 U.S. States and 15 countries have flocked to Sage Music.
Mr. Sagebiel has been featured and made numerous media appearances including The Houston Chronicle, The Washington Times, New York Magazine, WPAT 930AM Radio, WNYC's Soundcheck, KUHA's The Front Row, WQXR's New Sounds, The Queens Chronicle, The Times Ledger, NY1 News and many others! He has given more than 30 world premieres and is also the subject of two books: Martin Daughtry's Listening to War, and Jon Pieslak's SoundTargets.
For more information, members of the media and other interested parties can contact:
Mr. Jason Sagebiel, Sage Music
209 W. Poplar St., San Antonio, TX 78212
(210) 664-1100 | https://www.sagemusic.co/media-inquiry/
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SOURCE Sage Music | https://www.mysuncoast.com/prnewswire/2022/08/18/acclaimed-music-education-innovator-announces-san-antonio-music-school-opening/ | 2022-08-18T14:08:08Z |
North Dakota lawmaker quits after child porn suspect texts
BISMARCK, N.D. (AP) — North Dakota’s longest-serving state senator announced Monday that he would resign following a report that he had traded scores of text messages with a man jailed on child pornography charges.
Republican Ray Holmberg, who rose to become one of the state’s most powerful lawmakers in a career that spanned 46 years, said he would resign effective June 1. His term was scheduled to end on Nov. 30 and he already had announced in March that it would be his last.
“Recent news stories have become a distraction for the important work of the legislative assembly during its interim meetings,” Holmberg, 79, said in a statement announcing his resignation. “I want to do what I can, within my power, to lessen such distractions.”
Holmberg did not immediately return messages from The Associated Press on Monday. His attorney, Mark Friese, said he didn’t have anything to add beyond Holmberg’s statement.
Friese, a prominent North Dakota criminal defense attorney, said Tuesday that Holmberg hasn’t been charged with any crime, and there is no indication that he will.
GOP Gov. Doug Burgum said in a statement he “supports Sen. Holmberg’s decision to resign.” He did not elaborate.
Senate Majority Leader Rich Wardner said he spoke with Holmberg earlier about his future in the Legislature.
“No charges have been brought against Sen. Holmberg at this time ... he felt it was in the best interest to resign at this time,” Wardner said.
Days after the published report about his text messages, Holmberg had announced that he would step down as head of a powerful panel that oversees the Legislature’s business between sessions.
The Forum of Fargo reported April 15 that Holmberg exchanged 72 text messages in August with Nicholas James Morgan-Derosier. Prosecutors allege Morgan-Derosier possessed several thousand images and videos depicting sexually abused children. He also is accused of taking two children under the age of 10 from Minnesota to his Grand Forks home, with the intent of sexually abusing them.
Holmberg first told the Forum that he had read a newspaper story about the charges, then in a later interview said he had not, the Forum reported.
He told the Forum that his text messages with Morgan-Derosier were related to “a variety of things,” including patio work Morgan-Derosier did for him. He also told the newspaper that he no longer has the text messages.
“They’re just gone,” he said.
Holmberg has been one of the Legislature’s most powerful lawmakers for decades, serving as chairman of the Senate Appropriations Committee. He chaired the Legislative Management committee, which decides committee assignments and chooses study topics that often inspire legislation, four times.
He also sat on the state’s Emergency Commission, which allocates funding and resources in times of an emergency, and served on or chaired several GOP-led redistricting committees.
When he announced in March that this would be his last term, he said the stress of a session and a campaign would “only exacerbate a weakened ability to concentrate on the matters at hand and effectively recall events.”
Many North Dakota Republicans, including Burgum, showered Holmberg with accolades at the time.
Holmberg will remain on the Legislature’s payroll through May and on its state-funded health insurance plan through July, a benefit that is worth about $1,425 monthly.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/04/25/north-dakota-lawmaker-resigns-after-report-he-texted-child-porn-suspect/ | 2022-04-27T12:06:40Z |
OAKDALE, Minn., June 28, 2022 /PRNewswire/ -- St. Croix Hospice is proud to announce that Chief Compliance Officer Kimberly Olson RN, PHN, CHPN, CHC has been chosen as one of Women We Admire's Top 50 Women Leaders of Minnesota for 2022.
Women We Admire provides news and information on today's women leaders in business, entertainment, sports, motherhood, medicine, law, and many other fields. Each year they recognize distinguished women leaders throughout the United States with their Top 50 Women Leaders awards.
"I'm honored to receive this award and be recognized as a top leader in a state where there are so many impressive women leading their fields," said Olson. "I am proud to represent the healthcare, hospice and compliance fields on this list." Olson grew up in Nashwauk, Minnesota in the rural northern part of the state referred to as the Iron Range, and subsequently graduated from the College of St. Scholastica in Duluth, MN.
Olson has more than 20 years of nursing experience and 15 years' experience in hospice. She began her career at St. Croix Hospice in 2016 as Executive Director of Compliance. In 2018, she was promoted to Chief Compliance Officer. Olson is certified in Healthcare Compliance and as a Hospice & Palliative Care Nurse (CHPN).
"Kim shows her commitment to compliance excellence every day as she leads St. Croix Hospice forward with passion for the field," said Heath Bartness, St. Croix Hospice Chief Executive Officer. "She is, without a doubt, a top leader, so I am pleased to see her recognized among her peers."
Olson serves on the National Hospice & Palliative Care Organization (NHPCO) Legislative Affairs Committee where she collaborates with other national hospice leaders to support legislative priorities and advocate for policies that ensure the highest quality end-of-life care for patients and families. In Minnesota she co-chairs the policy committee of the Minnesota Network of Hospice and Palliative Care (MNHPC).
About St. Croix Hospice
St. Croix Hospice supports patients, their families and caregivers when they need us the most, delivering exceptional hospice care 24 hours a day, 365 days a year wherever a patient calls home. With branches in Illinois, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, South Dakota and Wisconsin, St. Croix Hospice takes pride in round-the-clock availability, prompt response and same day admissions, including evenings, weekends and holidays. Contact St. Croix Hospice 24/7 at 855-278-2764 or stcroixhospice.com.
CONTACT: Bronwyn Pope
bpope@stcroixhospice.com
612-418-8186
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SOURCE St. Croix Hospice | https://www.mysuncoast.com/prnewswire/2022/06/28/kimberly-olson-st-croix-hospice-chief-compliance-officer-named-top-50-women-leader-minnesota-2022/ | 2022-06-28T13:40:13Z |
NEW YORK, Sept. 12, 2022 /PRNewswire/ -- Kourtney Kardashian Barker introduces Lemme, a new vitamin and supplement brand with innovative science-backed formulations that are delicious, clean and packaged in 100% post consumer-recycled materials. Lemme is the culmination of Kourtney's decades-long passion for health and wellness, and five years of research with a team of leading scientists, MD's and botanists to create the cleanest-possible gummy vitamins and supplements.
After launching Poosh in 2019, a multimedia platform that quickly became one of the most followed and trusted authorities in the space, Kourtney began learning about products and health issues that were important to her community.
"After years of struggling to find the right supplements, I embarked on a journey to create science-backed products that you would legitimately look forward to taking everyday," says founder Kourtney Kardashian Barker.
Lemme launches with three gummy supplements formulated with clinically-studied ingredients to ensure optimal results:
- Lemme Matcha ($30): Energy B12 Gummies with Organic Matcha, CoQ10 and Vitamin B12 to support cellular energy, promote energy metabolism and aid in the conversion of food into energy.
- Lemme Chill ($30): De-Stress Gummies with clinically-studied KSM-66 Ashwagandha to support reduced stress, healthy cortisol levels and reduce stress-related food cravings. Formulation includes a botanical blend of Passionflower, Lemon Balm and Goji Berry in a natural mixed berry flavor.
- Lemme Focus ($30): Concentration Gummies with clinically-tested Cognizin Citicoline to support focus, concentration and attention. Formulation includes Organic Lion's Mane, Organic MCT Oil and Vitamin B12 in a natural strawberry flavor.
Lemme's eye-catching bottle design is inspired by Kourtney's love of vintage candy jars. The bespoke spiral gummy design, which can also be seen on the bottle caps, was designed by Kourtney.
Formulated and manufactured in the United States with globally sourced ingredients, Lemme products are vegan, gluten-free and non-GMO. There is no corn syrup, glucose syrup, gelatin or palm oil, and all Lemme products are free of artificial sweeteners, synthetic colors and sugar alcohols.
Dr. Thais Aliabadi, a board-certified physician specializing in women's health who has known Kourtney Kardashian Barker for over a decade and sits on Lemme's Medical Advisory Board says, "Kourtney has spent years working with a team of top scientists and specialists to create innovative formulations leveraging clinically-researched nutrients, vitamins and botanicals. She prioritized ingredients that were bioavailable and filled nutritional gaps in people's diets."
Lemme is a planet-first brand utilizing 100% post-consumer recycled materials for their bottles and caps, and recyclable materials for all shipping mailers and boxes. Lemme's partnership with Carbonfund offsets the footprint of every Lemme shipment, and with One Tree Planted, Lemme is committed to planting thousands of trees every year to restore forests and habitats that make a positive social impact around the world.
Lemme will launch on September 27 exclusively on lemmelive.com.
Follow on Instagram: @lemme
LINK TO DOWNLOAD PRESS ASSETS: HERE
Press Contact
Lemme | PR Consulting
lemme@prconsulting.net
About Lemme
Founded by Kourtney Kardashian Barker, Lemme is a new range of vitamins and supplements developed to become a divine, feel-good part of your everyday life. Over the last five years, Kourtney collaborated with leading scientists, MD's, and botanists to create the cleanest-possible gummy vitamins and supplements — using clinically-backed ingredients and premium proprietary formulations that help you to live a fuller, more balanced life. The twist? Lemme made them so delicious you can't believe they're good for you.
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SOURCE Lemme | https://www.wibw.com/prnewswire/2022/09/12/kourtney-kardashian-barker-introduces-lemme/ | 2022-09-12T15:47:44Z |
The 2023 Mazda CX-9 three-row SUV comes with a higher cost of entry, Mazda disclosed Tuesday. The base Sport trim has been retired, and the new base Touring costs nearly $1,000 more than last year’s Touring model.
This could be the last year of the premium family hauler that drives with more agility than its three-row SUV size would suggest. A new iteration of the CX-9, dubbed the CX-90, is expected to debut in 2023 and be powered by 6-cylinder and plug-in hybrid options.
The starting price for the CX-9 increases by $3,120 for 2023, but the Touring comes better equipped than the discontinued Sport. Starting at $40,025, including a $1,275 destination fee, the CX-9 Touring comes with standard all-wheel drive and a 2.5-liter turbo-4 that makes 227 hp and 310 lb-ft of torque (93 octane fuel brings it up to 250 hp and 320 lb-ft). It’s paired with a 6-speed automatic transmission that keeps the revs high and the driving punchy.
The Touring seats six passengers with second-row captain’s chairs, and standard features new for this year include black or beige leather upholstery, a power sunroof, LED fog lights, and a wireless smartphone charger. Other tech features include a 10.3-inch display with standard Android Auto and Apple CarPlay, a wi-fi hotspot trial, heated front seats with power adjustments, keyless start, at least four USB ports, and a power liftgate.
Standard driver-assist technology includes automatic emergency braking, adaptive cruise control, blind-spot monitors, and active lane control.
The 2023 CX-9 Touring Plus costs $42,775, which is an increase of $640 over the 2022 CX-9 Touring Plus. The Touring Plus offers a second-row bench seat to fit seven passengers total, or it can be swapped out for the Touring’s captain’s chairs. The front seats are cooled, and the wheels bump up to 20 inches.
The Carbon Edition returns with its unique gray metallic paint with black accents. The leather inside turns to red, and Mazda throws heaters on the steering wheel and the mid-row seats, which switch back to captain’s chairs only. It costs $850 more than last year’s model to $46,055.
The $46,915 Grand Touring takes the elements of the Touring Plus and adds power-folding side mirrors, a surround-view camera system, navigation, and satellite radio.
The top of the line Signature costs $49,775, but any metallic paint option will get it over $50,000. The Signature is Mazda’s luxury play to offer an alternative to more expensive top trims on the Acura MDX, Lincoln Aviator, and Cadillac XT6. Quilted nappa leather covers the front and mid-row heated captain’s chairs, and it gets sleek aluminum trim and accent stitching.
The 2023 Mazda CX-9 goes on sale this fall.
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- New car buyers paying record prices, taking on record loan payments | https://cw33.com/automotive/internet-brands/2023-mazda-cx-9-price-bumped-nearly-1000-starts-at-40025/ | 2022-08-30T19:58:05Z |
The gender and race wage gap is narrowing, but access to opportunity and discrepancies in salaries persist for underrepresented tech talent.
NEW YORK, June 21, 2022 /PRNewswire/ -- Hired, an AI-driven marketplace matching tech and sales talent with top companies, today released its annual State of Wage Inequality in the Tech Industry: Hired's 2022 Impact Report. The wage gap – the difference in salaries between two defined demographic groups – across gender and race is narrowing, but still prevalent. Black women continue to see the widest gap among the demographics analyzed.
Every year, Hired's Impact Report finds there is a strong link between the wage gap and salary expectations of underrepresented candidates. Hired data continues to show groups who are paid less also expect lower salaries than their white male counterparts – even if they have the same experience. Race and gender combined are the strongest drivers to the expectation gap – with Hispanic women and Black women only expecting $0.91 to every $1 salary of their white male counterparts. Hispanic and Asian candidates reported a 1.5% and 1.0% percentage expectation gap improvement, respectively, but Hispanic and Asian women showed a wider expectation gap than their male counterparts. In addition, Black candidates showed a slight widening of 0.1% in the wage expectation gap – the only increase in expectation gap across candidates in 2021.
Additional key findings from the report include:
- There are signs of progress in the gender opportunity gap. Hired found a sizable decrease in the percentage of positions sending interview requests to only men. In 2020, 42.4% of positions were sent to only men, while in 2021, the data showed 36.7%.
- The gender wage gap narrowed in many places but opportunity access remains a challenge. In most markets or locations, the gender wage gap narrowed. In the US, Denver, Seattle, San Francisco/Bay Area and Boston metropolitan areas had the narrowest reported wage gaps, in that order. Outside the US, London showed the widest wage gap with women being offered £0.91 for every £1 offered to men in 2021. However, some of the markets with the most narrow wage gaps (Denver, Boston and Seattle) also showed the largest underrepresentation of women candidates receiving interview requests compared to male counterparts.
- The wage gap persists for remote roles. There was a gender wage gap found among remote jobs and local jobs – when examining expectation of salaries and final salaries of roles, with remote gender wage gaps showing to be slightly wider than those of local jobs/roles. In other words, remote jobs had wider wage and expectation gaps versus local jobs.
- Race impacts the number of interview requests for candidates. In 2021, companies continued to increase their interview requests to diverse candidates. Interview requests to only white jobseekers (23.2% to 14.8%) or only white and Asian jobseekers decreased from 2020 to 2021 (61.4% to 49.0%).
- LGBTQIA+ impact remains low: LGBTQIA+ jobseekers remain overrepresented in interview requests relative to jobseekers who identify as straight and cisgender – but showed a decrease in overrepresentation in interview requests in 2021 (2.8% in 2021 versus 14.1% more on average in 2020). There is a very narrow wage gap for LGBTQIA+ jobseekers versus non-LGBTQIA+ jobseekers (0.4% overall).
The sixth annual report analyzes wage and expectation gaps in salary data across gender, race, age and sexuality in the tech industry. The findings are based on Hired's proprietary data from over 819,000 interview requests and job offers facilitated through Hired's marketplace from over 3,900 participating companies and more than 120,000 jobseekers in the US, UK and Canada.
"It's been an ever-shifting and evolving hiring landscape for employers and jobseekers over the last few years – from companies competing and sourcing for talent at a record pace, to the current state of macroeconomic uncertainty driving more measured hiring," said Josh Brenner, CEO at Hired. "This report shows that there is still work to be done in ensuring equitable hiring processes to narrow wage and expectation gaps, and companies must prioritize this effort. Post-Great Resignation, companies that are successful in identifying non-traditional talent, while also ensuring diversity and representation in their candidate pipelines, will be better positioned to drive their businesses forward in a time of increased volatility."
Hired also found that companies using Diversity Goals, its new tool that helps companies prioritize outreach to underrepresented talent without removing relevant matching candidates, were able to more than double their pipeline of underrepresented candidates. Consequently, these companies using the new tool had both a lower wage and expectation gap compared to companies with the tool option turned off.
To access the data report, visit the State of Wage Inequality in the Tech Industry: Hired's 2022 Impact Report.
Editor's note: For the purpose of this report and data, "underrepresented" uses the same definition as the Equal Employment Opportunity Commission (EEOC). The EEOC defines all non male genders as underrepresented in the tech industry in the US. According to the EEOC Diversity in High Tech Special Report, women account for 36% of the workforce in the High Tech industry versus 48% in the private sector as a whole. Referencing the same report, the EEOC defines underrepresented races/ethnicities in the Tech industry as Black or African American, Hispanic, American Indian or Alaska Native, Native Hawaiian or Other Pacific Islander, and Two or more races. The Diversity Goals feature follows these guidelines to define underrepresentation on Hired.
Hired is the most efficient way to fill tech and sales roles today. With unbiased insights, DEI tools, skill assessments, and dedicated Customer Success Managers, Hired works with over 10,000 companies around the world to match thousands of active and qualified candidates to employ their full potential. With better data, curated matches, and higher acceptance rates, employers save an average of 45 sourcing hours per role with the Hired solutions suite. Backed by The Adecco Group, Hired is rated by G2 as a leader in Recruiting Automation, Job Search Sites, and Diversity Recruiting.
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SOURCE Hired | https://www.mysuncoast.com/prnewswire/2022/06/21/hired-releases-2022-state-wage-inequality-tech/ | 2022-06-21T17:54:19Z |
On the heels of the company's rapid global expansion, Lightspeed Venture Partners and Avenir deepened their investment in the Identity Decisioning Platform
NEW YORK, Sept. 1, 2022 /PRNewswire/ -- Alloy, the leading Identity Decisioning Platform for banks and fintech companies, announced that it raised an additional $52 million led by Lightspeed Venture Partners and Avenir Growth with participation from existing investors Canapi Ventures, Bessemer Venture Partners, Avid Ventures, and Felicis Ventures, bringing the company's valuation to $1.55 billion. The funding will help the company as it accelerates its growth to address the global demand for fraud prevention tools.
Alloy enables clients to pull in customer information, traditional credit bureau data, and other alternative data through a single point of integration, providing a complete picture of their customer. Earlier this month, the company announced its global expansion into 40 countries across North America, EMEA, LATAM, and APAC.
"We feel incredibly lucky to have partners that not only understand the impact of our investments into our platform and in expanding globally but also proactively come to the table to support them," said Tommy Nicholas, co-founder and CEO of Alloy. "With this newest investment we'll be able to accelerate our growth and better address the global fraud challenges that companies are facing."
Founded in 2015, Alloy has grown to meet the rising demand for identity tools that help companies fight fraud and stay compliant while onboarding new customers in the US and abroad. Over 300 companies use Alloy's API-based platform to connect to more than 160 data sources, automate identity decisions during account origination, and monitor them on an ongoing basis. Alloy has helped some of the most innovative banks and fastest growing fintech companies grow and scale operations by allowing them to find more good customers and bring them into their products without increasing their risk of fraud.
"With fraud rates on the rise, Alloy plays a critical role in the financial ecosystem by bringing their expertise and platform to both emerging fintech companies and established banks," said Justin Overdorff, Partner at Lightspeed Venture Partners. "Fraud is inevitable and one of the biggest risks for new financial technology; leveraging Alloy's infrastructure gives companies a leg up fighting fraud by giving a unique holistic view of each customer from the day they onboard and throughout their entire life cycle as a customer."
Over the past 12 months, Alloy has seen revenue more than double. The company currently serves banking and fintech companies including Ally Bank, HMBradley, Gemini, Ramp and Evolve Bank & Trust, processing over a million decisions daily.
"What makes Alloy unique is that the company hasn't just built a powerful platform; its team consistently delivers expert guidance to help companies, big and small, navigate risk as well as regulatory requirements," said Andrew Sugrue, Managing Partner at Avenir.
To learn more about Alloy, visit https://www.alloy.com
Alloy helps over 300 banks and fintech companies make safe and seamless fraud, credit, and compliance decisions. Founded in 2015 and backed by leading investors from Lightspeed Venture Partners, Bessemer Venture Partners, and Canapi Ventures, Alloy's platform connects companies to more than 160 data sources of KYC/KYB, AML, credit, and compliance data through a single API to help create a future without fraud. Learn more at https://www.alloy.com
CONTACT:
Kylee Sibilia
kylee@alloy.com
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SOURCE Alloy | https://www.mysuncoast.com/prnewswire/2022/09/01/alloy-raises-52-million-additional-funding-accelerate-growth-global-expansion/ | 2022-09-01T13:17:54Z |
Rich trio back on Earth after charter trip to International Space Station
CAPE CANAVERAL, Fla. (AP) — Three rich businessmen returned from the International Space Station with their astronaut escort Monday, wrapping up a pricey trip that marked NASA’s debut as a B&B host.
Flying back in a SpaceX capsule, they splashed down in the Atlantic off the Florida coast to close out a 17-day tour that cost them $55 million apiece.
The trip was supposed to last a little over a week, but dicey weather kept the visitors in orbit almost twice as long as intended.
“Welcome back to planet Earth,” radioed SpaceX Mission Control from Southern California. “We hope you enjoyed the extra few days in space.”
“Amazing mission,” said real estate tycoon Larry Connor.
Before departing the space station Sunday night, the group thanked their seven hosts, including three NASA astronauts whose own mission is nearing an end.
It was the first time NASA opened its space hatches to tourists after shunning the practice perfected over the decades by Russia. Last fall, a Russian film crew flew up, followed by a Japanese fashion mogul and his assistant. In each case, an active-duty cosmonaut traveled with them.
The latest guests were accompanied by a former NASA astronaut now working for Axiom Space, the Houston company in charge of the flight, making it the first fully private trip to the space station.
After hosting longer than expected, NASA was itching to make room for the next crew. SpaceX will attempt to launch three NASA astronauts and one Italian to the space station as soon as Wednesday. They’ll replace the three Americans and a German up there since November who will head back to Earth in their own SpaceX capsule.
The pace is blazingly fast by NASA standards. SpaceX’s Benji Reed said the company launched its first passengers — a pair of NASA test pilots — two years ago and just completed its first private flight to the space station using the same capsule.
Axiom handled the logistics for the trip for its three paying customers: Connor from Dayton, Ohio; Canadian private equity CEO Mark Pathy; and Israeli investor Eytan Stibbe of Tel Aviv. Their chaperone was Michael Lopez-Alegria, an Axiom vice president who flew to space four times while a NASA astronaut.
It was an “amazing adventure that we’ve had, even longer and more exciting than we thought,” Lopez-Alegria said after departing the space station.
Axiom teamed up with SpaceX for the journey that began with an April 8 liftoff from NASA’s Kennedy Space Center. It was SpaceX’s second private flight, coming just months after a billionaire’s orbital jaunt with contest winners.
While in space, the visitors did experiments and peered back at Earth.
“It’s been eye-opening in so many ways,” Pathy said, “that I think will have such a lasting impact on my life.”
The experience was especially personal for Stibbe. He served as a fighter pilot under Ilan Ramon, Israel’s first astronaut who died aboard space shuttle Columbia in 2003.
Stibbe flew copies of the surviving pages of Ramon’s space diary, as well as artwork and music created by Ramon’s children. He celebrated Passover with matzah bread he took up and gefilte fish offered by the station’s Russians.
Axiom’s second flight is set for next spring as the company looks ahead to having its own space station by 2030.
“There were a lot of eyes on this mission just to see if it was practical,” Derek Hassmann, Axiom’s operations director, said after the splashdown. “Everybody understood it was possible,” but wondered if amateurs could pull this off with abbreviated training, without disturbing the space station crew.
“I think we proved we could do that,” Hassmann said.
___
The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/04/25/rich-trio-back-earth-after-charter-trip-international-space-station/ | 2022-04-27T18:57:47Z |
GoodBuy Gear doubles amount of accepted baby gear and offers everyday drop-off points at all US buybuy BABY® locations in response to successful Monthly Trade-In Events
DENVER , July 5, 2022 /PRNewswire/ -- GoodBuy Gear, the leading online marketplace for parents to buy and sell quality-used and open box baby and kid gear, is thrilled to announce the next iteration of its national trade-in program in partnership with buybuy BABY®, the leading baby specialty retailer in North America, dedicated to helping families navigate the journey of parenthood. Coming on the heels of significant phase one demand, the trade-in program transitioned from weekly to daily-drops off and is accepting twice the amount of items so parents can trade-in a wider assortment of used baby gear any day and time that works best for their family.
"Since launching our pilot trade-in program with buybuy BABY in 2021, and later expanding to all US buybuy BABY stores in 2022, we've worked closely with buybuy BABY to continually expand the program to accommodate the overwhelming demand," said Amanda Brown, Director of Customer Care.
Starting today, parents can drop-off gently used baby and kid gear at any US buybuy BABY store every day of the week during regular business hours in exchange for a buybuy BABY gift card to reinvest in their child's next stage of essential gear. This industry-leading instant gift card reward and trade-in program enables parents to earn anywhere from $5 to $600 per item. Once the items are traded in, GoodBuy Gear performs quality and safety checks and lists them on its online marketplace so other families can own quality gear for less.
GoodBuy Gear's list of newly accepted items was selected based on customer feedback, product popularity and resale value. The updated list includes top brands such as Keekaroo, Veer, UPPAbaby, Bugaboo, Maxi-Cosi and more.
"More than doubling our list of accepted items during everyday drop-offs at all US buybuy BABY stores allows families to recoup spend on the baby and kid gear they're no longer using in an incredibly convenient and sustainable way,"Amanda concluded.
Since expanding the program to accept trade-ins at all US buybuy BABY stores, GoodBuy Gear has collected thousands of items and since recirculated 98% to new families.
Learn more and participate in the trade-in program at: https://goodbuygear.com/pages/trade-in
Founded in 2016, GoodBuy Gear is a managed marketplace that enables parents to safely and sustainably circulate quality-used baby & kid products they love. Our mission is to give shopping and selling secondhand children's items the convenience and legitimacy it deserves. Learn more about GoodBuy Gear on Instagram, Facebook, YouTube and TikTok.
MEDIA CONTACT
Maddy McLean
GoodBuy Gear
maddy@goodbuygear.com
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SOURCE GoodBuy Gear | https://www.wibw.com/prnewswire/2022/07/05/leading-baby-amp-kid-gear-resale-brand-goodbuy-gear-broadens-national-trade-in-program-meet-growing-upcycling-demand/ | 2022-07-05T19:14:31Z |
- 82% ORR (9 of 11 patients) and 82% (9 of 11 patients) CR rate documented after anbal-cel treatment to the patients in relapsed/refractory large B-cell lymphoma
- 2 out of 3 patients dosed with 2x105 cells/kg of anbal-cel lasting the complete response for more than 12 months
- Well tolerated up to 2X106 cells/kg dose level without DLT and not reached to MTD in Phase 1 dose escalation study
DAEJEON, South Korea, June 13, 2022 /PRNewswire/ -- Curocell, Inc., a leading CAR-T company based in South Korea, announced the phase 1 dose-escalation study results documenting an 82% complete remission (CR) rate after a single dose of anbalcabtagene autoleucel (anbal-cel) to relapsed/refractory large B-cell lymphoma patients.
Three (3) among 4 patients dosed at 2x105 cells/kg of anbal-cel documented complete remission, and 2 responding patients are maintaining the complete remission for more than a year. Strikingly, all patients dosed with 2x106 cells/kg reported complete remission after a single dose of anbal-cel.
The complete phase 1 study results were presented at EHA at EHA (European Hematology Association) congress, Vienna, Austria, Jun 09-17, 2022.
The anbal-cel is the CD19 CAR-T integrated with the OVISTM (Overcome Immune Suppression) platform. OVISTM technology consists of a dual knockdown system for two crucial immune checkpoint receptors, PD-1 and TIGIT, in CAR-T cells.
"Although CD19 directed CAR-T therapy changed the treatment paradigm for Large B-cell lymphoma, which is one of the most aggressive hematologic malignant cancer, more than 50% of LBCL patients didn't experience the clinical benefit of CD19 CAR-T treatment, and there are still huge unmet medical needs. Anbal-cel's phase 1 study result demonstrates the OVISTM platform's potential to maximize CAR-T's functionality to eradicate tumors. We are very excited about this promising clinical result even though the patient number treated with anbal-cel is limited with a total of 11 and looking forward to the ongoing phase 2 clinical trial to confirm the efficacy and safety of anbal-cel. Furthermore, we believe these data represent the excellence of our next-generation CAR-T technology." said Gunsoo Kim, Curocell's chief executive officer.
This phase 1 study was to evaluate the safety and preliminary efficacy in patients with r/rLBCL. Patient was infused as a single intravenous dose with 2x105 cells/kg (Dose Level 1), 7x105 cells/kg (DL2) or 2x106 cells/kg (DL3). Lymphodepletion with cyclophosphamide (500mg/m2) and fludarabine (30mg/m2) was performed for 3 days prior to anbal-cel infusion.
Eleven (11) patients with r/r DLBCL were infused with anbal-cel. All patients received two or more prior lines of therapy, and 36% (4/11) received ≥4 prior lines of treatment before the study. No patient experienced DLT during the study.
Of the 11 patients, 5 (46%) patients experienced CRS; 3 (27%) were grade 1 or 2 and 2 (18%) experienced grade 3 CRS. The median time to onset of CRS was 7 days (range, 1-16) with a median duration of 5 days (range, 1-19).
One patient dosed with 2x106 cells/kg experienced grade 2 ICANS; the time to onset of ICANS was 7 days and lasted for 13 days. This patient had prior CNS involvement history before the study. The frequently reported grade 3/4 treatment related AEs were anemia (2/11, 18%), neutropenia (2/11, 18%), thrombocytopenia (2/11, 18%), CRS (2/11, 18%).
Dose-dependent CRC01 expansion was observed; median Tmax was 15.4, 15.8 and 14.5 days at DL1, DL2 & DL3 each; Cmax, AUC0-28 day was dose proportionally increased.
Based on promising safety and efficacy data from Phase 1 study, Phase 2 trial has been commenced, and patient enrollment is ongoing.
Details of the oral presentation at EHA are as follows:
Submission ID: EHA-3438
Title: PHASE 1/2 STUDY OF ANBAL-CEL, NOVEL ANTI-CD19 CAR-T THERAPY WITH DUAL SILENCING OF PD-1 AND TIGIT IN RELAPSED OR REFRACTORY LARGE B CELL LYMPHOMA
Session Title: Aggressive Lymphoma - CART
Session date and time: Saturday, June 11 11:30 - 12:45
Session room: Hall A7
Final Abstract Code: S214
Anbal-cel, recognized CD19 and is based on OVISTM, a first-in-class CAR-T platform. OVISTM technology downregulates PD1 and TIGIT expression in CAR-T cells. Through overcoming the immune suppression by PD-L1 and TIGIT ligands, OVISTM CAR-T has superior cytotoxicity to tumor cells in the tumor microenvironment. The Phase 2 clinical trial of anbal-cel has initiated in South Korea in the first half of 2022.
Curocell, based in Daejeon, South Korea, is clinical-stage biotech innovating CAR-T therapies. Curocell is developing OVISTM technology intending to improve the clinical efficacy of CAR-T therapies. For more information, visit www.curocellbtx.com/en.
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SOURCE Curocell, Inc. | https://www.kxii.com/prnewswire/2022/06/13/curocell-announced-impressive-cr-rate-phase-1-study-with-anbal-cel-next-generation-cd19-car-t-integrated-ovis-platform/ | 2022-06-13T12:26:09Z |
GYEONGJU, South Korea, June 27, 2022 /PRNewswire/ -- The Gyeongju National Research Institute of Cultural Heritage(the GNRICH) announced a report on last 28th that provides evidence why there are more than 10 legs attached on Byeoru, excavated in Gyeongju Wolseong.
Byeoru, a tool for writing a letter by dipping it in ink, was a precious tool which only higher classes were able to use, who were literate.
In general, the number of excavated Byeoru is very small, usually found within 10 pieces in domestic heritage sites. However, they were extensively excavated in Gyeongju Wolseong, where royal palaces of Silla were located.
About 140 pieces of Byeoru were discovered at the building site inside Wolseong and hundreds of pieces of Byeoru were also excavated in Haeja, a pond surrounding the palace.
Since it was necessary to write documents on paper at major national facilities, the building site where a lot of Byeoru were excavated is presumed to be a major government office during that period.
Interestingly enough, Byeoru of Silla has legs in showy patterns. Byeoru which has several legs is called "Dagakyeon," mainly three to as many as ten.
Special Byeoru with a lot of legs where animal patterns are engraved on are extensively excavated at the center of the capital of Silla. Hence, it can be presumed that "Dagakyeon" with a lot of legs where animal patterns are engraved on, was a high-quality product used at royal palace of Silla.
Then where did Byeoru of Silla originate from?
Judging from the production technology and similarity of form, it can be said that Byeoru of Silla is deeply related to that of Chinese during the Sui Dynasty and Tang Dynasty, or that of Baekje.
Initially, Byeoru of Silla was made similar to that of ancient China or Baekje during the Sabi period, but after the appearance of Byeoru with patterns of animal faces, it became the representative Byeoru form of Silla.
The Gyeongju National Research Institute of Cultural Heritage created representative characters called "Gguri" and "Duduri," modernly reinterpreting the shape of pig and goblin expressed in the legs of Byeoru.
Since 2019, "Gguri" and "Duduri" have been promoting Gyeongju Wolseong, holding the millennial history of Silla.
Website: https://nrich.go.kr/english/index.do
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SOURCE The Gyeongju National Research Institute of Cultural Heritage | https://www.wibw.com/prnewswire/2022/06/28/reason-why-over-ten-legs-are-attached-byeoru-silla/ | 2022-06-28T03:41:15Z |
WOODLAND HILLS, Calif., April 12, 2022 /PRNewswire/ -- Fortuna General Insurance Agency, a long-time client of gotoPremiumFinance, a subsidiary of Input 1, has selected Input 1's payment platform to process digital payments for their agents.
Fortuna searched for a payment platform that would bring them another step closer to full digital transformation. Their two main goals were to strategically upgrade their payment collection capabilities by offering a way for their agents to pay using digital methods without incurring any costs to Fortuna while also strengthening their commitment to protecting the privacy of their customers by removing sensitive financial data from their system, relieving them of PCI compliance. Input 1 Payments solidly achieves those goals and seamlessly integrates into Fortuna's existing systems.
"We are pleased to expand our relationship with Fortuna by providing their customers with the best possible payment experience," said Chris Farfaras, Executive Vice President of Input 1. "Input 1 Payments continues to lead the insurance industry with its secure, low code/no code design that seamlessly ties into existing customer websites or core systems. Input 1's unmatched pricing model accelerates implementation timelines while removing setup and monthly maintenance costs." Input 1 Payments is PCI compliant, and Input 1 is SOC level I & II audited for security and sensitive information.
"Input 1 Payments was the best-fit payment solution for Fortuna because their offerings met the ease-of-use, security, and service expectations we needed," said Chris Baker, CIC, President of Fortuna. "We needed to simplify our back-office operations and reduce related expenses by transitioning away from processing paper checks. Input 1 has been a trusted partner for years. Their Payments offering is top-notch, is easily integrated with our existing system, and helps keep payments current with messaging to our agents for easy and timely payment processing. Fortuna's customers are happy, our back-office operations are more streamlined, and our bottom-line is improved with Input 1 Payments."
About Fortuna General Insurance Agency
Fortuna General Insurance Agency is a privately owned independent wholesaler and one of the fastest-growing insurance distributors nationwide. Their vast network of exclusive carriers means they can provide a competitive solution for nearly every commercial risk from preferred to hard-to-place. Their growth is propelled by their commitment to superior service and a knowledge of what is required to get the business on the books.
Since 1984, Input 1 has provided digital billing and payment solutions to insurance carriers, MGAs, banks, agencies, and premium finance companies located throughout North America. The company's insurance software and cloud billing and payment solutions provide online access to more than one million agents, brokers, and policyholders annually.
Media Contact:
Input 1
Marketing Department
888-882-2554 ext.2135
information@input1.com
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SOURCE Input 1 | https://www.kxii.com/prnewswire/2022/04/12/fortuna-selects-input-1-payments-digital-payment-platform/ | 2022-04-12T15:09:14Z |
- Dataminr's partner ecosystem currently includes Google, Microsoft, Amazon Web Services, NEC Networks & System Integration Corporation, Esri, TD SYNNEX, and more
- The program will further accelerate global product adoption of Dataminr, more seamlessly integrate Dataminr alerts into enterprise workflows and offer the flexibility for corporations to procure Dataminr's products through trusted channel and reseller partners
NEW YORK, Aug. 11, 2022 /PRNewswire/ -- Dataminr, the world's leading real-time information discovery platform, today launched its global partner ecosystem, the Dataminr Partner Program. The program will dramatically expand Dataminr's customer reach across the corporate market, while also providing better enterprise workflow integration and the flexibility to procure Dataminr's products through trusted partners.
Dataminr's partner program makes it easier for corporations to operationalize Dataminr's AI Platform across their organization and more seamlessly integrate Dataminr alerts into their workflow. Additionally, this initiative will open up Dataminr's offerings to corporate enterprises in a growing set of commercial sectors and geographic regions through Channel Partners, and provide our signals to Platform Partners to power products for new corporate use cases including supply chain, logistics, fleet management, insurance and many more.
"The Dataminr Partner Program broadens our scale and reach through channel partners and reseller networks, delivers more value for our customers, and powers global sales through partners that can sell the Dataminr solution in their local region," said Aharon Weiner, SVP Global Partnerships, Dataminr. "The program will accelerate Dataminr's customer growth, optimize workflow integration, unlock new corporate use cases for our AI Platform, and also feature numerous benefits and incentives for partnerships with comprehensive partner resources."
Leading merchants and businesses including Google, Amazon Web Services, Microsoft, TD SYNNEX, NEC Networks & System Integration Corporation—and long-time partner ESRI—are new participants in the partner ecosystem.
"We are proud to have the opportunity to be one of the first participants in the Dataminr Partner Program," said Cheryl Neal, Vice President of New Vendor Acquisition at TD SYNNEX. "Together with Dataminr, we will be able to enrich the breadth and depth of our offerings, ultimately maximizing the value of our customers' information and IT investments and unlocking growth for the future."
For new partners, comprehensive program benefits include:
- Flexible compensation models with competitive margins and margin protection
- Co-selling benefits such as joint business planning and joint account mapping
- Market development funds to drive demand and pipeline growth
- A library of resources that includes training and enablement, sales tools, marketing assets and more.
More information about the Dataminr Partner Program related resources can be found on Dataminr's Partner homepage. The program will continue to accept new partners and add resources to support a growing ecosystem that customers and partners can rely on.
Dataminr delivers the earliest warnings on high impact events and critical information far in advance of other sources. Recognized as one of the world's leading AI businesses, Dataminr enables faster response, more effective risk mitigation and stronger crisis management for public and private sector organizations spanning global corporations, first responders, NGOs, and newsrooms. Recently valued at $4.1B, Dataminr is one of New York's top private technology companies, with 900+ employees across eight global offices.
Since its founding in 2009, Dataminr has created the world's leading real-time information discovery platform, which detects digital patterns of emerging events and critical information from public data signals. Today, Dataminr's leading AI platform performs trillions of daily computations across billions of public data inputs from over 300,000 unique public data sources. The company has been recognized for its groundbreaking AI platform and rapid revenue growth by Forbes AI 50 and Deloitte Fast 500, and has been named to Forbes Cloud 100 for six consecutive years.
Alongside Dataminr's corporate product, Dataminr Pulse, the company provides public sector organizations with its First Alert product for first response, including the United Nations, which relies on First Alert in over 100 countries. Dataminr for News is used by more than 650 newsrooms and by over 30,000 journalists worldwide.
Contact: media@dataminr.com
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SOURCE Dataminr | https://www.mysuncoast.com/prnewswire/2022/08/11/dataminr-announces-new-partners-with-launch-its-global-partner-program/ | 2022-08-11T14:23:13Z |
Fiscal 2022 Revenue of $747.6 Million Increased 138% on an As-Reported Basis; Fourth Quarter Revenue Totaled $184.1 Million
Fiscal 2022 GAAP Net Income of $35.6 Million and GAAP EPS of $0.35
Fiscal 2022 Non-GAAP EPS1 of $1.66 Increased 124% Year-Over-Year; Fiscal 2022 Non-GAAP Adjusted EBITDA2 of $195.2 Million Increased 158% Year-Over-Year
AUSTIN, Texas, May 31, 2022 /PRNewswire/ -- Digital Turbine, Inc. (Nasdaq: APPS) announced financial results for the fiscal full year and quarter ended March 31, 2022. The Company completed the acquisitions of AdColony Holdings AS ("AdColony") and Fyber N.V. ("Fyber") on April 29 and May 25, 2021, respectively. Specific references made to "pro forma" results in this release provide investors with quarterly results and comparisons as if all acquired businesses were owned for the entirety of fiscal years 2021 and 2022. The Company believes that pro forma results, where applicable, can provide investors with more relevant year-over-year comparisons. As was initially announced on May 11, 2022, the Company has restated its financial results for the fiscal year 2022 quarters to reflect revenue net of revenue share costs for certain product offerings of the acquired AdColony and Fyber businesses. Results discussed below reflect this change.
Recent Financial Highlights:
- Fiscal fourth quarter of 2022 revenue totaled $184.1 million, representing a 94% increase year-over-year on an as-reported basis and a 19% increase year-over-year as compared to the comparable pro forma figure for the fiscal fourth quarter of 2021.
- Fiscal year 2022 revenue totaled $747.6 million, representing a 138% increase year-over-year on an as-reported basis. On a pro forma basis, fiscal year 2022 revenue increased 41% year-over-year as compared to the comparable pro forma figure for fiscal year 2021.
- GAAP net income for the fiscal fourth quarter of 2022 was $20.1 million, or $0.19 per share, as compared to GAAP net income for the fiscal fourth quarter of 2021 of $30.1 million, or $0.31 per share. Non-GAAP adjusted net income1 for the fiscal fourth quarter of 2022 was $41.0 million, or $0.39 per share, as compared to Non-GAAP adjusted net income1 of $24.5 million, or $0.25 per share, in the fiscal fourth quarter of 2021.
- GAAP net income for fiscal year 2022 was $35.6 million, or $0.35 per share, as compared to GAAP net income for fiscal year 2021 of $54.9 million, or $0.57 per share. Non-GAAP adjusted net income1 for fiscal year 2022 was $170.6 million, or $1.66 per share, representing an increase of 124% year-over-year.
- Non-GAAP adjusted EBITDA2 for the fiscal fourth quarter of 2022 was $50.4 million, representing an increase of 124% as compared to Non-GAAP adjusted EBITDA2 of $22.5 million in the fiscal fourth quarter of 2021.
- Non-GAAP Adjusted EBITDA2 for fiscal year 2022 totaled $195.2 million, representing 158% growth when compared to Non-GAAP Adjusted EBITDA2 of $75.6 million in fiscal year 2021.
"It is more important than ever to have a clear vision of where you are going as a Company, and to have a highly profitable, proven, and scalable business model to get there in times like these," said Bill Stone, CEO. "The macro world has changed considerably in recent months, and I am proud of our team's focus and execution to adjust to the rapidly evolving operating conditions. We have made material progress on a number of key future growth drivers, such as SingleTap licensing, our role in the future of app stores, and the enhancement of numerous strategic partnerships with market-leading companies looking to leverage DT platform offerings as a core part of their respective growth initiatives. While macro headwinds will present certain challenges for nearly all companies in the short-term, I am confident that those headwinds will be less impactful for highly profitable growth businesses like ours generating nine-figures of free cash flow per year. Additionally, I believe the recent changes in the reporting of our revenue should help facilitate relative peer comparisons and highlight the relative profitability of our platform business model."
Fourth Quarter Fiscal 2022 Financial Results
Total revenue for the fourth quarter of fiscal 2022 was $184.1 million, representing a 94% increase year-over-year on an as-reported basis and a 19% increase year-over-year as compared to the comparable pro forma figure for the fiscal fourth quarter of 2021. Total "On-Device Media" revenue, which represents revenue derived from the Company's Application Media and Content Media platform products before intercompany eliminations, increased 22% year-over-year to $119.2 million. Before intercompany eliminations, total revenue from our two "In-App Media" segments, which represents revenue derived from the Fyber and AdColony businesses, increased 16% year-over-year on a pro forma basis to $69.6 million. Fyber contributed $29.2 million during the quarter, while AdColony contributed $40.4 million during the quarter.
GAAP net income for the fiscal fourth quarter of 2022 was $20.1 million, or $0.19 per share. Non-GAAP adjusted net income1 for the fourth quarter of fiscal 2022 was $41.0 million, or $0.39 per share, as compared to Non-GAAP adjusted net income1 of $24.5 million, or $0.25 per share, in the fourth quarter of fiscal 2021.
Non-GAAP adjusted EBITDA2 for the fourth quarter of fiscal 2022 was $50.4 million, representing an increase of 124% year-over-year when compared to Non-GAAP adjusted EBITDA2 of $22.5 million in the fourth quarter of fiscal 2021. The reconciliations between GAAP and Non-GAAP financial results for all referenced periods are provided in the tables immediately following the Unaudited Consolidated Statements of Cash Flows below.
Full Year Fiscal 2022 Financial Results
Total revenue for fiscal 2022 was $747.6 million, representing 138% annual growth on as as-reported basis. On a pro forma basis, fiscal year 2022 revenue increased 41% year-over-year as compared to the comparable pro forma figure for fiscal year 2021.
GAAP net income for fiscal 2022 was $35.6 million, or $0.35 per share. Non-GAAP adjusted net income1 for fiscal 2022 was $170.6 million, or $1.66 per share, as compared to Non-GAAP adjusted net income1 of $71.5 million, or $0.74 per share, in fiscal 2021.
Non-GAAP adjusted EBITDA2 for fiscal 2022 was $195.2 million, representing an increase of 158% year-over-year when compared to Non-GAAP adjusted EBITDA2 of $75.6 million in fiscal 2021. The reconciliations between GAAP and Non-GAAP financial results for all referenced periods are provided in the tables immediately following the Unaudited Consolidated Statements of Cash Flows below.
Business Outlook
Based on information available as of May 31, 2022, the Company currently expects the following for the first quarter of fiscal 2023:
- Revenue of between $183 million and $187 million
- Non-GAAP adjusted EBITDA2 of between $49 million and $51 million
- Non-GAAP adjusted EPS1 of $0.34 to $0.35, based on approximately 105 million diluted shares outstanding and an effective tax rate of 25% on Non-GAAP adjusted net income
It is not reasonably practicable to provide a business outlook for GAAP net income from continuing operations because the Company cannot reasonably estimate the changes in stock-based compensation expense, which is directly impacted by changes in the Company's stock price, or other items that are difficult to predict with precision.
About Digital Turbine, Inc.
Digital Turbine simplifies content discovery and delivers relevant content directly to consumer devices. The Company's on-demand media platform powers frictionless app and content discovery, user acquisition and engagement, operational efficiency and monetization opportunities. Digital Turbine's technology platform has been adopted by more than 40 mobile operators and OEMs worldwide, and has delivered more than three billion app preloads for tens of thousands of advertising campaigns. The company is headquartered in Austin, Texas, with global offices in Arlington, Durham, Mumbai, San Francisco, Singapore and Tel Aviv. For additional information visit www.digitalturbine.com.
Conference Call
Management will host a conference call today at 4:30 p.m. ET to discuss its fourth quarter and full fiscal year 2022 financial results and provide operational updates on the business. To participate, interested parties should dial 855-238-2713 in the United States or 412-542-4111 from international locations. A webcast of the conference call will be available at ir.digitalturbine.com/events.
For those who are not able to join the live call, a playback will be available through June 7, 2022. The replay can be accessed by dialing 877-344-7529, passcode 9278131.
The conference call will discuss forward guidance and other material information.
Use of Non-GAAP Financial Measures
To supplement the Company's consolidated financial statements presented in accordance with GAAP, Digital Turbine uses non-GAAP measures of certain components of financial performance. These non-GAAP measures include non-GAAP adjusted net income and earnings per share ("EPS"), non-GAAP adjusted EBITDA, non-GAAP free cash flow, and non-GAAP gross profit. Reconciliations to the nearest GAAP measures of all non-GAAP measures included in this press release can be found in the tables below.
Non-GAAP measures are provided to enhance investors' overall understanding of the Company's current financial performance, prospects for the future and as a means to evaluate period-to-period comparisons. The Company believes that these non-GAAP measures provide meaningful supplemental information regarding financial performance by excluding certain expenses and benefits that may not be indicative of recurring core business operating results. The Company believes the non-GAAP measures that exclude such items when viewed in conjunction with GAAP results and the accompanying reconciliations enhance the comparability of results against prior periods and allow for greater transparency of financial results.
The Company believes non-GAAP measures facilitate management's internal comparison of its financial performance to that of prior periods as well as trend analysis for budgeting and planning purposes. The presentation of non-GAAP measures is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.
1Non-GAAP adjusted net income and EPS are defined as GAAP net income and EPS adjusted to exclude the effect of stock-based compensation expense, amortization of intangibles, adjustments in the fair value of earn-out liabilities associated with acquisitions, and transaction-related expenses and compensation costs. Readers are cautioned that non-GAAP adjusted net income and EPS should not be construed as an alternative to comparable GAAP net income figures determined in accordance with U.S. GAAP as an indicator of profitability or performance, which is the most comparable measure under GAAP.
2Non-GAAP adjusted EBITDA is calculated as GAAP net income excluding the following cash and non-cash expenses: net interest income/(expense), adjustments in the fair value of earn-out liabilities associated with acquisitions, income tax provision, depreciation and amortization, stock-based compensation expense, amortization of intangibles, foreign exchange transaction gains/(losses), loss on debt extinguishment, and transaction-related expenses and compensation costs. Readers are cautioned that non-GAAP adjusted EBITDA should not be construed as an alternative to net income determined in accordance with U.S. GAAP as an indicator of performance, which is the most comparable measure under GAAP.
3Non-GAAP free cash flow, which is a non-GAAP financial measure, is defined as net cash provided by operating activities (as stated in our Consolidated Statement of Cash Flows), excluding acquisition-related contingency and liability payments and transaction-related expenses and compensation costs, reduced by capital expenditures. Readers are cautioned that free cash flow should not be construed as an alternative to net cash provided by operating activities determined in accordance with U.S. GAAP as an indicator of profitability, performance or liquidity, which is the most comparable measure under GAAP.
4Non-GAAP gross profit is defined as GAAP income from operations adjusted to exclude the effect of product development costs, sales and marketing costs, general and administrative costs, and depreciation of software. Readers are cautioned that non-GAAP gross profit should not be construed as an alternative to income from operations determined in accordance with U.S. GAAP as an indicator of profitability or performance, which is the most comparable measure under GAAP.
Non-GAAP adjusted EBITDA, non-GAAP adjusted net income and EPS, non-GAAP free cash flow, and non-GAAP gross profit are used by management as internal measures of profitability and performance. They have been included because the Company believes that the measures are used by certain investors to assess the Company's financial performance before non-cash charges and certain costs that the Company does not believe are reflective of its underlying business.
Forward-Looking Statements
This news release includes "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. Statements in this news release that are not statements of historical fact and that concern future results from operations, financial position, economic conditions, product releases and any other statement that may be construed as a prediction of future performance or events, including financial projections and growth in various products are forward-looking statements that speak only as of the date made and which involve known and unknown risks, uncertainties and other factors which may, should one or more of these risks uncertainties or other factors materialize, cause actual results to differ materially from those expressed or implied by such statements. These factors and risks include:
- a decline in general economic conditions nationally and internationally
- decreased market demand for our products and services
- market acceptance and brand awareness of our products
- risks associated with indebtedness
- the ability to comply with financial covenants in outstanding indebtedness
- the ability to protect our intellectual property rights
- risks associated with adoption of our platform among existing customers (including the impact of possible delays with major carrier and OEM partners in the roll out for mobile phones deploying our platform)
- actual mobile device sales and sell-through where our platform is deployed is out of our control
- risks associated with our ability to manage the business amid the COVID-19 pandemic
- the impact of COVID-19 on our partners, digital advertising spend and consumer purchase behavior
- the impact of COVID-19 on our results of operations
- risks associated with new privacy laws, such as the European Union's GDPR and similar laws which may require changes to our development and user interface for certain functionality of our mobile platform
- risks associated with the activities of advertisers
- risks associated with the timing of our platform software pushes to the embedded bases of carrier and OEM partners
- risks associated with end user take rates of carrier and OEM software pushes which include our platform
- new customer adoption and time to revenue with new carrier and OEM partners is subject to delays and factors out of our control
- risks associated with fluctuations in the number of our platform slots across US carrier partners
- required customization and technical integration which may slow down time to revenue notwithstanding the existence of a distribution agreement
- risks associated with delays in major mobile phone launches, or the failure of such launches to achieve the scale
- customer adoption that either we or the market may expect
- the difficulty of extrapolating monthly demand to quarterly demand
- the challenges, given the Company's comparatively small size, to expand the combined Company's global reach, accelerate growth and create a scalable, low-capex business model that drives EBITDA (as well as adjusted EBITDA)
- ability as a smaller company to manage international operations
- varying and often unpredictable levels of orders; the challenges inherent in technology development necessary to maintain the Company's competitive advantage such as adherence to release schedules and the costs and time required for finalization and gaining market acceptance of new products
- changes in economic conditions and market demand
- rapid and complex changes occurring in the mobile marketplace
- pricing and other activities by competitors
- technology management risk as the Company needs to adapt to a rapidly developing mobile device marketplace, complex specifications of different carriers and the management of a complex technology platform given the Company's relatively limited resources
- system security risks and cyberattacks
- risks and uncertainties associated with the integration of the acquisition of AdColony, including our ability to realize the anticipated benefits of the acquisition
- risks and uncertainties associated with the integration of the acquisition of Fyber, including our ability to realize the anticipated benefits of the acquisition
- challenges and risks associated with our rapid growth by acquisitions and resulting significant demands on our management and infrastructure
- challenges and risks associated with our global operations and related business, political, regulatory, operational, financial, and economic risks as a result of our global operations
- other risks including those described from time to time in Digital Turbine's filings on Forms 10-K and 10-Q with the Securities and Exchange Commission (SEC), press releases and other communications.
You should not place undue reliance on these forward-looking statements. The Company does not undertake to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Investor Relations Contact:
Brian Bartholomew
Digital Turbine, Inc.
brian.bartholomew@digitalturbine.com
Digital Turbine, Inc.
(1) Valuation allowance release
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SOURCE Digital Turbine, Inc. | https://www.wibw.com/prnewswire/2022/05/31/digital-turbine-reports-fourth-quarter-fiscal-year-2022-financial-results/ | 2022-05-31T21:31:54Z |
DOVER, Del. (AP) — Twitter Inc.’s lawsuit to force billionaire Elon Musk to make good on his promise to buy the social media giant will be resolved in a small but powerful Delaware court that specializes in high-stakes business disputes.
Twitter has sued Musk in Delaware’s Court of Chancery in an effort to force him to complete a $44 billion takeover deal reached in April.
WHAT IS THE LAWSUIT ABOUT?
Musk, the world’s richest man, pledged to pay $54.20 a share for Twitter but now wants to back out of the agreement. He claims the company has failed to provide adequate information about the number of fake, or “spam bot,” Twitter accounts, and that it has breached its obligations under the deal by firing top managers and laying off a significant number of employees.
Twitter argues that Musk, CEO of electric car maker and solar energy company Tesla Inc., has operated in bad faith and is deliberately trying to tank the deal because market conditions have deteriorated and the acquisition no longer serves his interests. According to the lawsuit, the value of Musk’s shares in Tesla, which he was to draw upon to help finance the acquisition, has declined by more than $100 billion since November.
Either Musk or Twitter would be entitled to a $1 billion breakup fee if the other party is found responsible for the agreement failing. Twitter wants more, however, and is seeking a court order directing Musk to follow through with the deal.
WHEN DOES THE TRIAL START?
Twitter lawyers are asking the court to expedite the case. They have proposed a four-day trial starting Sept. 19.
WHAT IS THE COURT OF CHANCERY?
The Court of Chancery, established in 1792, traces its roots to the High Court of Chancery of Great Britain, which in turn evolved from an earlier institution in feudal England known as the King’s Chapel. The court, overseen by the lord chancellor as “keeper of the king’s conscience,” served as an alternative to the more rigid and inefficient common law courts. It held the power to offer remedies such as injunctions, estate administration, and, notably, “specific performance,” which can force a party to complete a transaction against its will.
The 230-year-old Court of Chancery typically handles civil cases where a plaintiff is seeking non-monetary damages. Such cases can include disputes over property boundaries and land purchases, guardianship appointments, and estates, trusts and wills.
More often than not, they involve business disputes pitting companies against disgruntled shareholders, or parties to failed mergers and acquisitions against one another.
HOW DOES THE COURT OF CHANCERY WORK TODAY?
The seven judges on the Delaware Court of Chancery exercise these powers today, making it a key venue for high-stakes business disputes. Delaware features a well-established and carefully nurtured body of corporate case law dating to 1899 and is the corporate home to more than 1 million business entities, including more than 60% of Fortune 500 companies. Many merger agreements, in fact, specify that any disputes will be heard by a Delaware Chancery Court judge.
“It’s not that they are necessarily more brilliant than judges in other states, they just have a lot of exposure to this stuff and are pretty sophisticated about it,” said Lawrence Hamermesh, executive director of the Institute for Law & Economics at the University of Pennsylvania.
HAS MUSK BEEN IN THIS COURT BEFORE?
Musk is no stranger to the Court of Chancery. Earlier this year, he emerged victorious in a shareholder lawsuit accusing him of a conflict of interest in Tesla’s 2016 acquisition of SolarCity, a struggling solar panel company in which Musk was the largest shareholder and also served as board chairman.
Hamermesh, a former professor of corporate and business law at Widener University Delaware Law School, noted that the specific performance sought by Twitter is a “pretty rare” remedy, and that it’s uncertain whether the court will force Musk to consummate the deal.
“There are a lot of instances where a judge could say, ‘Buyer, you’re in breach,’ but the remedy is a termination fee,” he said. “Given what I have seen so far, my gut instinct is that Twitter’s got the upper hand legally. Whether they’ll get the full specific performance or just the breakup fee is a little harder to say.”
HOW HAS THE COURT ACTED IN THE PAST?
If the court does force Musk to close the deal, it would not be without precedent.
In 2001, poultry giant Tyson Foods Inc. was ordered to complete its $3.2 billion acquisition of meatpacker IBP Inc. when a judge granted IBP’s claim for specific performance.
More recently, a Chancery judge last year ordered private equity firm Kohlberg & Co. to close its $550 million purchase of DecoPac Holdings Inc., which sells cake decorations and technology to supermarkets for in-store bakeries. Vice Chancellor Kathaleen St. Jude McCormick said Kohlberg had failed to demonstrate that a decline in DecoPac sales amid the coronavirus pandemic constituted a “material adverse effect” allowing the buyers to walk away. McCormick, who was sworn in as Chancellor, or head judge of the court, just one week after her ruling, described it as “a victory for deal certainty.”
On the flip side, Vice Chancellor J. Travis Laster declared in 2018 that a pharmaceutical company targeted for a merger had experienced such a decline in its financial condition that it amounted to a material adverse effect, allowing the proposed buyer to terminate the deal. The ruling marked the first time the court found the existence of a material adverse effect, or MAE, in a business transaction. It allowed German health care company Fresenius Kabi AG to walk away from its planned $4.3 billion acquisition of U.S. generic drugmaker Akorn Inc. | https://cw33.com/technology/ap-technology/explainer-twitter-musk-and-the-delaware-chancery-court/ | 2022-07-15T19:07:18Z |
UVALDE, Texas (KXAN) – The Uvalde CISD board of trustees and superintendent Dr. Hal Harrell announced Wednesday students and staff would not be returning to the Robb Elementary School campus.
“We are working through plans on how to serve students on other campuses and will provide that information as soon as it is finalized,” the letter said.
In a Monday report from The Hill, President Joe Biden told a local Texas official he wanted to tear down the school.
The letter from the board and superintendent said they are working with agencies to help identify improvements on all UCISD campuses.
“UCISD has and will continue to work with law enforcement who are investigating the event…” the letter said. | https://cw33.com/news/texas/uvalde-students-staff-will-not-return-to-robb-elementary-district-letter-says/ | 2022-06-02T14:26:58Z |
KANSAS CITY, Mo., July 19, 2022 /PRNewswire/ -- Andrews McMeel Publishing (AMP) announces the publication of Healing Through Words by Rupi Kaur on September 27, 2022. The fourth book by the international bestselling author presents more than sixty guided writing activities based on the themes of her first book, milk and honey.
"I am incredibly excited to share this book with my readers," said Kaur. "Writing has been a cathartic experience that helped me heal. The writing exercises in Healing Through Words are meant to send readers on a journey of self-exploration."
Within the book, Kaur shares her writing tips, tricks and secrets, and helps readers explore themes of loss, love, heartbreak, and healing. The guided writing exercises are for anyone who wishes to feel more connected to themselves. Designed by Rupi with periodic excerpts of poetry and illustrations from her previous #1 New York Times bestsellers, milk and honey, the sun and her flowers, and home body, the beautifully rendered hardcover will be an instrument of healing and treasured volume for her passionate following around the world. At its conclusion, Rupi reminds readers, the journey isn't over–it's just beginning.
"The power of Rupi's words, and Rupi herself, have inspired, empowered, and served as a beacon of encouragement and hope to millions of readers," said Kirsty Melville, President and Publisher of AMP. "This distinctive work guides readers on their own explorations through the written word, giving them an opportunity to recognize and celebrate their creativity in a restorative way."
A breakout literary phenomenon, Rupi wrote, illustrated, and self-published her first poetry collection, milk and honey. Next came its artistic sibling, the sun and her flowers . These collections have sold more than 10 million copies and have been translated into more than 40 languages. Her latest collection, home body, debuted #1 on bestseller lists across the world. As she has done from the very beginning, Rupi self-produced Rupi Kaur Live, the first poetry special of its kind, which debuted on Amazon Prime Video in 2021. Currently Rupi is on a global word tour, performing her poetry across the US, Canada, Mexico, the UK, Europe, and more. Intertwined with visuals, music, comedy, and anecdotes, Rupi performs her classic poems and unpublished pieces, tailoring each show to the city she visits. Rupi's work touches on love, loss, trauma, healing, femininity, and migration. She feels most at home when creating art, performing her poetry onstage, and spending time with family and friends.
Andrews McMeel Publishing is a division of Andrews McMeel Universal, a global independent and integrated media partner to creators of inspirational content, comics, and illustrated humor. It distributes creator content through global syndication; book, calendar and greeting card publishing; digital consumer experiences; and entertainment licensing (for more information, please visit www.andrewsmcmeel.com).
Contact: Kathy Hilliard, khilliard@amuniversal.com
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SOURCE Andrews McMeel Publishing | https://www.wibw.com/prnewswire/2022/07/19/1-new-york-times-bestselling-author-rupi-kaur-is-set-release-new-book-healing-through-words-september-27-2022/ | 2022-07-19T16:40:31Z |
SEOUL, South Korea, June 3, 2022 /PRNewswire/ -- KT SAT, South Korea's the sole satellite service company with its self-owned satellites, participated in Communic Asia 2022, Asia's leading technology trade show held in Singapore Expo from 1st to 3rd, June.
This year, many companies in satellite industry visited Singapore in order to participate on-site conference as Covid-19 situation is getting better globally. KT SAT have set up the exhibition booths to showcase its competitive services including Maritime connectivity, Space data and so on.
Space data service, newly introduced from KT SAT, have drown visitor's attention. KT SAT launched Space data service in May with the expectation of growing market size which is projected to be the volume of 16.7 billion dollars in 2026. KT SAT also discussed about partnership with Maxar Technologies, a leading global company in satellite imagery & analysis for expanding market in Asia.
KT SAT also showcases its teleport service which has its growing demand as the number of satellites launched increases in New space era. KT SAT has introduced its teleports including Singapore teleport which is newly built, Cheon-an teleport for servicing NGSO and Kumsan teleport with history of 50 years. Also, New satellite technologies such as Hybrid solution, Edge Cloud interest many visitors as well.
In addition, KT SAT participated in panel discussion session with the topic of "Nextgen Satellite Business". Other satellite operators like JSAT, MEASAT and Kacific also attended this session. In this panel, they discussed how to acquire business competitiveness coping with increasing supply of high speed broadband like NGSO, Fiber etc. Hyunghan Daniel Kim, Managing director of Global business at KT SAT said "KT SAT will raise service competitiveness and customer satisfaction through Multi-orbit satellite service and also plan to expand our service area starting from our last investment on Mangata Networks, a NGSO startup.
Kyungmin Daivd Song, CEO of KT SAT said "As a specialized satellite enterprise with more than 50 years of experience under our belt, we are endeavoring to develop new growth engines for our satellite business with high quality service and solutions".
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SOURCE KT SAT | https://www.mysuncoast.com/prnewswire/2022/06/03/kt-sat-participate-communic-asia-2022-showcasing-its-service-competitiveness/ | 2022-06-03T07:00:40Z |
SAN JOSE, Calif., Sept. 7, 2022 /PRNewswire/ -- Exhibit at Jtown, a new mixed-use residential development by LandForge and Triminia Pacific, is hosting an open house on Friday evening, September 9th, to showcase the nexus between contemporary art and the modern residential experience. The Exhibit development now anchors the longstanding Japantown art scene with nearly 10,000 square feet of community-facing mural and sculpture grounds in a parklike setting. Exhibit is also the new headquarters of Empire Seven Studios (E7S), a Bay Area art gallery, creative production house, and curator of San Jose Walls. E7S now adds the distinction of artist-in-residence for the Exhibit at Jtown residential community.
"We're extremely excited about Exhibit – not only as a modern multifamily dwelling in one of our great communities but as a cultural contributor through its visceral art experience," says San Jose Mayor Sam Liccardo. With its six-story murals, art sculptures, hand-formed experiential lighting elements, and the 40-foot bonsai tree at the entrance, Exhibit at Jtown is an inspiring organic connection to the Japantown neighborhood. Every interactive, experiential touch point at Exhibit was created in collaboration with passionate design professionals, artists, city officials, and production consultants. "The development team's objective was to create a perfect balance between a staged and an organic presentation," says Juan Carlos Araujo of E7S. "Collaborating with them to this end, we have created something special, something stable, and something we are proud to be a part of for this next chapter in our artistic journey."
Arriving home at Exhibit pulls residents through the place-making architectural and innovative public experience. The entry plaza is grounded by a striking crepe myrtle tree, set back from the streetscape, and surrounded by multi-story glass elements offering a glimpse of large format canvas art and active common spaces in the structure's upper levels. The museum-like, naturally lit corridors incorporate future gallery walls for the planned growth of the building's permanent collection. Amenitized circulation spaces provide residents a unique experience of one's home meant to "exhibit" their lifestyle and expressive sensibilities. The 97 total residences at Exhibit include nearly 40 distinctive 1-to-4-bedroom floor plans. Each of these offers layouts blending artistic countenance and modern silicon-valley living. Inside each residence, attention to design is seen in carefully positioned lighting, fixtures, European-inspired finishes, view angles to maximize privacy, and an ever-present connection to natural light. Residential layouts promote not just living, but dwelling for a variety of resident needs frequently overlooked by functional floorplans born of an efficiency above-all-else mentality.
Exhibit responsibly embraces green features as part of its sustainability objectives. Incorporating an advanced solar array feeding a whole building battery backup system, Exhibit can keep key building functions and essential remote fiber optic internet connectivity running throughout planned and unplanned power interruptions. Solar is also used to charge EVs in individual parking spaces and to allow for car retrieval from its state-of-the-art semi-autonomous mechanical parking system. Along with water reuse strategies and a high emphasis on indoor air quality, this dedication to environmentally friendly construction has allowed Exhibit to achieve an elusive LEED Platinum certification, the U.S. Green Building Council's most rigorous, rare, and highest honor. Speaking on the complexities of this project, Darin Zwick, president of Zwick Construction, reflects on Exhibit's challenges and unique aspects and expresses his confidence that "Exhibit will become an icon in the surrounding area built to last and perform at the highest level as an innovative smart building. Zwick appreciates its close working relationship with the development team and is proud to be part of turning their impressive vision for this project into reality."
Residents will benefit from smart integration elements like keyless building-wide access, AI thermostats, residential appliances, and wireless connectivity to monitors and fitness equipment throughout the amenity spaces. Other notable amenities include:
- An indoor/outdoor connected Commons lounge inclusive of user-configurable seating, outdoor cooking and dining, party hosting, viewing, and daily beverage centers
- A Sky Deck with integrated seating and careful sunlight screening to create an ambidextrous work/play environment
- A crafted Work Loft co-working space with private sound booths, a work zone, and a huddle room complete with low-barrier, high-tech peripheral connectivity
- A Fitness Studio and Fitness Loft boasting top-notch strength, plyo, and cardio equipment in dedicated zones in a volume space with expansive floor-to-ceiling glass. Low-barrier, high-tech personal device connectivity enables users to bring their preferred fitness subscription to the studio for a customized exercise experience
- A dedicated top-floor Gallery rotating pieces from Exhibit's permanent collections as well as art curated from Empire Seven Studios and other resident-driven shows
- Ample bike parking, a dog run, and a resident-accessible utility room
- Multiple outdoor fire pits, landscape furnishings, and gathering spaces
The Exhibit team worked closely with the City of San Jose Parks Department, HMH Landscape, the Japantown Art Association, and the broader Jtown community to create its publicly accessible exterior grounds. LandForge President Derek Allen recounts, "Proactively engaging with the community throughout the design and construction process has been key to creating a development which improves the quality of life for residents and visitors alike. We strive to build places people love, and we hope to introduce catalytic design and use elements which enable a better life experience for all who are touched by our developments. Along with development team partners Collin Eckles, Michel Jreissati, and Neal Yung, we certainly believe this to be the case at Exhibit. We collectively hope the community sees this project as a valuable contribution to the Jtown urban fabric." In addition to the art-focused exterior grounds, developers also worked with the Japantown historical community to place commemorative historical benches along the expanded public sidewalk. Developers collaborated early on with the Chinese Historical & Cultural Project to complete a full archeological dig that recovered artifacts and historical items donated to the City. To help commemorate the events of late 19th-century Chinese immigration in what was then known as Highlandville, a historical monument placard has been placed just outside the northmost grounds' Moon Gate to ensure the significance of this site is never forgotten. Additional collaborations include working with local maker Nicolas James to carve furniture from the 100-year-old beams used in the site's previous, dilapidated industrial building.
Building murals, large-scale sculptures, and lighting elements on site, in addition to framed and mounted original art inside the building, feature seminal works by the following artists and studios:
- Juan Carlos Araujo of Empire Seven Studios; www.empiresevenstudios.com
- Andrew Shoultz; www.andrewshoultz.com
- Amy Sol; www.amysol.com
- Roan Victor; www.roanvictor.com
- Gary Vlasic of V. Project; www.v-project.co
- Yoshi 47, www.yoshi47.com
- Taki Kitamura of State of Grace, www.stateofgracetattoo.com
- Nicholaus James Dalton; www.njdart.com
LandForge and Triminia Pacific worked with KTGY Design, HMH, Studio 4D, developURBAN, UMOCA, Zwick Construction, Greystar, and many other critical team members to create the engaging, meaningful, and visually stimulating living experience at Exhibit. Financing commitments were provided in part by Guardian Life Insurance Company of America and the Cherng Family Trust (CFT). "CFT is a long-term holder of real estate that cares deeply about making a difference in the communities in which we invest. We are highly selective when choosing partners and are confident that this meaningful development led by this project team will positively impact the future of this vibrant community." – Steven C. Walton, Managing Director.
Japantown San Jose, a pedestrian-centric neighborhood near downtown San Jose is in the heart of Silicon Valley. Exhibit has immediate access to a rich living experience in this century-old diverse, welcoming, and personable community. The whole of Bay Area living is easily accessed via nearby public light rail and other transit options. Exhibit is less than ten minutes from San Jose Mineta International Airport by car.
All members of the community and public are invited to attend the Open House at 5:30 pm following an invitation-only ceremony. The open house will include an art tour, architectural Q&A, and showings of the development spaces and residences.
For leasing information or to schedule a tour, please visit www.exhibitjtown.com or call 833-680-0889. Exhibit at Jtown is professionally managed by Greystar.
LandForge identifies, acquires, and transitions underutilized properties to their highest potential through full-scale development. This is accomplished through creating physical environments and their associated infrastructure, which provide rich spaces for people to live, work, and play. These places bring together diverse people, foster relationships, and inspire people to become vested in, value, and maintain the space, thereby creating Places People Love. www.LandForgeCP.com
developURBAN obo Triminia Pacific: developURBAN is a real estate development, and investment company focused on trans-formative urban-infill developments in the Western United States. developURBAN develops in downtown locations that have proximity to transit and walkable environments and creates developments that enrich the community. developURBAN believes and creates partnerships that fit each unique opportunity and location. www.developurban.com
Established in 2008, Empire Seven Studios (E7S) is an urban contemporary art gallery and creative studio located just outside the Japantown neighborhood of San Jose, California. E7S has advocated for local/global artists by creating opportunities and providing a place. As an art production firm, we provide end-to-end project management and operations support for various services, including mural production, multi-dimensional mixed media work, digital/analog onsite immersive experiences, and in-person/virtual events that foster team building and community connection. www.empiresevenstudios.com
CFT is the multi-billion dollar single-family office investment firm of the founders of Panda Express. The company makes direct private equity and venture capital investments across all industries and actively invests in real estate. CFT is headquartered in Los Angeles, CA.
Zwick Construction: Zwick Construction is a commercial construction company devoted to earning and keeping clients by delivering an exceptional building experience. As a company and individuals, we are committed to living our core values—Passion, Integrity, and Teamwork—since 1969. www.zwickconstruction.com
Founded in 1991 and celebrating 30 years of delivering award-winning communities, KTGY is a full-service architecture, branding, interiors, and planning firm specializing in residential, retail, hospitality, and mixed-use environments. Our firm and our work are guided by a continuous focus on innovation, creativity, collaboration, and a deep responsibility we feel towards enhancing communities and neighborhoods. Our architects, designers, and planners combine big-picture opportunities, leading-edge sustainable practices, and impeccable design standards to create memorable destinations of enduring value. www.ktgy.com
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SOURCE Greystar | https://www.wibw.com/prnewswire/2022/09/07/open-house-showcase-new-epicenter-jtowns-graphic-art-scene-leed-platinum-development-named-exhibit/ | 2022-09-07T19:47:46Z |
NEW YORK, June 6, 2022 /PRNewswire/ -- EW Healthcare Partners (together with its consolidated subsidiaries and affiliates "EW") announced today that its affiliate, Athene Merger Sub, Inc. ("Purchaser"), commenced the previously announced cash tender offer for all of the issued and outstanding shares of common stock of TherapeuticsMD, Inc. (Nasdaq: TXMD) ("TXMD" or the "Company") at a price of $10.00 per share, net to the seller, in cash, without interest and less applicable withholding taxes. The tender offer is being made pursuant to the merger agreement (the "Merger Agreement") executed on May 27, 2022 and announced by EW and TXMD on May 31, 2022, under which Purchaser will acquire TXMD in a transaction valued at approximately $177 million. Purchaser and its parent company, Athene Parent, Inc. ("Parent"), are wholly owned subsidiaries of EW.
The $10.00 per share all-cash tender offer represents a premium of approximately 211.8% to the 30-day volume-weighted average price, as well as a premium of approximately 367.3% over TXMD's closing share price on May 27, 2022, the last trading day prior to EW and TXMD announced that they had entered into the Merger Agreement.
A tender offer statement on Schedule TO that includes the Offer to Purchase and related Letters of Transmittal setting forth the terms and conditions of the tender offer has been filed today with the U.S. Securities and Exchange Commission (the "SEC") by Purchaser. Additionally, TXMD will file a solicitation/recommendation statement on Schedule 14D-9 that includes the recommendation of TXMD's board of directors that TXMD's stockholders tender their shares in the tender offer.
The tender offer will expire one minute after 11:59 P.M., New York City time on July 5, 2022, unless the tender offer is extended in accordance with the terms of the Merger Agreement and the applicable rules and regulations of the SEC. The completion of the tender offer is conditioned upon, among other things, TXMD's stockholders tendering at least a majority of TXMD's then outstanding shares and other customary closing conditions.
If, as a result of the tender offer, the Purchaser holds shares that represent at least one share more than 50% of all the issued and outstanding shares of TXMD's common stock, and subject to the satisfaction or waiver of the remaining conditions set forth in the Merger Agreement, the Purchaser will, as soon as practicable, merge with and into TXMD, with TXMD continuing as the surviving corporation and as a wholly owned subsidiary of Parent, under Section 92A.133 of the Nevada Revised Statutes, without prior notice to, or any action by, any other stockholder of TXMD. Upon completion of the transaction, TXMD will cease to be a publicly traded company.
D.F. King & Co., Inc. is acting as information agent for Purchaser in the tender offer. Computershare Trust Company, N.A. is acting as depositary and paying agent in the tender offer. Requests for documents and questions regarding the tender offer may be directed to D.F. King & Co., Inc. by telephone at (800) 820-2416.
With over $4 billion raised since inception, EW Healthcare Partners is one of the largest and oldest private healthcare investment firms and seeks to make growth equity investments in fast growing commercial-stage healthcare companies in the pharmaceutical, medical device, diagnostics, and technology-enabled services sectors in the United States and in Europe. Since its founding in 1985, EW Healthcare Partners has maintained its singular commitment to the healthcare industry and has been a long-term investor in over 150 healthcare companies, ranging across sectors, stages and geographies. The team is comprised of over 20 senior investment professionals with offices in New York, Houston and London. https://www.ewhealthcare.com/
Certain statements in this communication, including, without limitation, statements regarding the proposed transaction, plans and objectives, and management's beliefs, expectations or opinions, may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to future, not past, events and often address expected future actions and expected future business and financial performance. Forward-looking statements may be identified by the use of words such as "believe," "will," "should," "estimate," "anticipate", "potential," "expect," "intend," "plan," "may," "subject to," "continues," "if" and similar words and phrases. These forward-looking statements are not guarantees of future events and involve risks, uncertainties and assumptions that are difficult to predict.
Actual results, developments and business decisions may differ materially from those expressed or implied in any forward-looking statements as a result of numerous factors, risks and uncertainties over which the Company or EW Healthcare Partners, as applicable, have no control. These factors, risks and uncertainties include, but are not limited to, the following: (1) the conditions to the completion of the proposed transaction may not be satisfied, including uncertainties as to how many of the Company's stockholders will tender their shares in the tender offer and the possibility that if the transaction does not close by July 13, 2022, or the Company is unable to satisfy the minimum qualified cash covenant under the Company's Financing Agreement, it will constitute an event of default under the Company's Financing Agreement and the Company may not continue as a going concern; (2) the parties' ability to complete the proposed transaction contemplated by the Merger Agreement in the anticipated timeframe or at all; (3) the occurrence of any event, change or other circumstance that could give rise to the termination of the transaction agreement between the parties to the proposed transaction (including that if the transaction agreement is terminated it is an event of default under the Company's Financing Agreement and the Company may not continue as a going concern); (4) the effect of the announcement or pendency of the proposed transaction on business relationships, operating results, and business generally; (5) risks that the proposed transaction disrupts current plans and operations and potential difficulties in employee retention as a result of the proposed transaction; (6) risks related to diverting management's attention from ongoing business operations; (7) the outcome of any legal proceedings that may be instituted related to the proposed transaction or the transaction agreement between the parties to the proposed transaction; (8) the amount of the costs, fees, expenses and other charges related to the proposed transaction; (9) the risk that competing offers or acquisition proposals will be made; (10) general economic conditions, particularly those in the life science and medical device industries; (11) stock trading prices, including the impact of the proposed transaction on the Company's stock price and the corresponding impact that failure to close the proposed transaction would be expected to have on the Company's stock price, particularly in relation to the Company's current and future capital needs and its ability to raise additional funds to finance its future operations in the event the proposed transaction does not close; (12) the participation of third parties in the consummation of the proposed transaction; and (13) other factors discussed from time to time in the reports of the Company filed with the Securities and Exchange Commission (the "SEC"), including the risks and uncertainties contained in the sections titled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Company's most recent Annual Report on Form 10-K, as filed with the SEC on March 23, 2022, and related sections in the Company's subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, all of which are available free of charge at http://www.sec.gov or under the "Investors & Media" section on the Company's website at www.therapeuticsmd.com.
Forward-looking statements reflect the views and assumptions of management as of the date of this communication with respect to future events. The Company does not undertake, and hereby disclaims, any obligation, unless required to do so by applicable laws, to update any forward-looking statements as a result of new information, future events or other factors. The inclusion of any statement in this communication does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material.
This press release is neither an offer to purchase nor a solicitation of an offer to sell common stock of TXMD or any other securities. This communication is for informational purposes only. The tender offer transaction commenced by affiliates of EW is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related Letters of Transmittal and other offer materials) filed by such affiliates of EW with the SEC. In addition, TXMD will file a solicitation/recommendation statement on Schedule 14D-9 with the SEC related to the tender offer. The offer to purchase shares of TXMD' common stock is only being made pursuant to the Offer to Purchase, the Letters of Transmittal and related offer materials filed as a part of the tender offer statement on Schedule TO, in each case as amended from time to time. THE TENDER OFFER MATERIALS (INCLUDING THE OFFER TO PURCHASE, THE RELATED LETTERS OF TRANSMITTAL AND OTHER MATERIALS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 CONTAIN IMPORTANT INFORMATION. PRIOR TO MAKING ANY DECISION REGARDING THE TENDER OFFER, TXMD STOCKHOLDERS ARE STRONGLY ADVISED TO CAREFULLY READ THESE DOCUMENTS, AS FILED AND AS THEY MAY BE AMENDED FROM TIME TO TIME, WHEN THEY BECOME AVAILABLE. TXMD stockholders will be able to obtain the tender offer statement on Schedule TO (including the Offer to Purchase, a related Letters of Transmittal and other offer materials) and the related solicitation/recommendation statement on Schedule 14D-9 at no charge on the SEC's website at www.sec.gov. In addition, the tender offer statement on Schedule TO (including the Offer to Purchase, a related Letters of Transmittal and other offer materials) and the related solicitation/recommendation statement on Schedule 14D-9 may be obtained free of charge from D.F. King & Co., Inc. 48 Wall Street, 22nd Floor New York, New York 10005, Telephone Number (800) 820-2416.
Contact
EW Healthcare Partners
athene@ewhealthcare.com
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SOURCE EW Healthcare Partners | https://www.wibw.com/prnewswire/2022/06/06/ew-healthcare-partners-announces-commencement-tender-offer-all-outstanding-shares-therapeuticsmd/ | 2022-06-06T21:11:13Z |
RENO, Nev. , June 17, 2022 /PRNewswire/ -- aha!, powered by veteran ExpressJet Airlines, announces special half-price airfare for children with their Kids Fly 50% Off* program when booked this Father's Day weekend for travel June 20 – Sept. 30, 2022.
"The last thing that dad wants is six-to-ten hours of 'are we there yet?'," said Tim Sieber, head of ExpressJet's aha! business unit. "With the gift of affordable travel on a quick, nonstop flight, dad gets to enjoy the view out of the window instead of climbing prices at the gas pump."
Kids Fly 50% Off* launches ahead of the recently announced new aha! routes to Santa Rosa, Calif. service that begins on July 14, 2022 and Idaho Falls, Idaho service that begins on August 22, 2022. All aha! routes qualify for these special family-friendly fares. Kids must travel with an adult booked in the "Standard" fare class on the same itinerary.
For more information or to book a flight, visit www.flyaha.com or call the aha! contact center at 775-439-0888.
Kids Fly 50% Off*
*Based on availability. Bookings must be completed by June 20, 2022. Child must be designated as a 'CHILD' passenger at booking and must travel with at least one adult traveling on a standard 'Standard Fare'. Valid for children ages 2 - 15 years at the time of travel. Limit five (5) children per traveling adult per reservation. Not valid on previously purchased itineraries and not combinable with any other offers. Company reserves all rights including cancellation or modification of this promotion without prior notice.
About aha!
aha! is a leisure brand of ExpressJet Airlines. aha! seeks to provide travelers in smaller communities, many who have seen air service reduced over the past decade through airline mergers, with convenient, short, nonstop flights to high-quality destinations like the Reno-Lake Tahoe region. In addition to offering value-priced, nonstop flights, aha! will soon partner with resorts, casinos and attractions to "bundle" value-priced vacation packages. www.flyaha.com
About ExpressJet Airlines
ExpressJet Airlines operates Embraer ERJ145 regional jet aircraft and has more than 40 years of experience as a regional airline. ExpressJet operates its leisure brand aha!, which provides travelers in smaller communities with convenient, short, nonstop flights to high-quality destinations like the Reno-Lake Tahoe region. The company is expanding its service with specialty charter flights and additional future routes. ExpressJet is majority owned by KAir Enterprises with United Airlines holding a minority interest. www.expressjet.com
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SOURCE aha! | https://www.mysuncoast.com/prnewswire/2022/06/17/aha-celebrates-fathers-day-with-half-price-airfare-kids/ | 2022-06-17T17:32:57Z |
Technology Collaboration To Maximize Advocacy Toward Making Noise For Those Who Serve
FRISCO, Texas, April 27, 2022 /PRNewswire/ -- MTX Group (MTX), a global technology consulting firm, officially announced a new partnership with The Unquiet Professional, a charitable organization committed to recognizing and honoring America's Gold Star and Surviving families, Veterans and military families by providing rewarding and purposeful opportunities to heal from the wounds of war. Together, this collaboration will advance a culture of healing and resilience.
MTX developed the structured environment and solution that The Unquiet Professional needed. The tailored solution supports day-to-day operational requirements such as contact database management, donor intake process, event management and website updates. This work ultimately enables The Unquiet Professional to spend more time helping families in need and less on administrative functions. In addition, the platform tracks and streamlines any support requests efficiently and thoughtfully. MTX recently became a member of the Salesforce.org Partner community, whose focus is on building powerful technology for and with our community of nonprofits, schools and philanthropic organizations. MTX will continue to tailor solutions and maximize social impact by helping nonprofits like The Unquiet Professional operate effectively, raise funds and connect with their communities.
"The impact that The Unquiet Professional has on our military community is extraordinary," said MTX Co-Founder and Chief Brand Officer Nipa Nobel. "This partnership is another example of our MTX family directly contributing to community impact. Giving back to the military men and women who have served and sacrificed is a great honor. MTX will continue to use our platform to create meaningful outcomes and carry on the legacy of Michael H. Simpson."
Krista Simpson Anderson co-founded The Unquiet Professional after receiving support in the wake of her husband's death, U.S. Army Green Beret Staff Sergeant Michael H. Simpson. In honor of his heroic sacrifice, The Unquiet Professional is dedicated to all military families who have served and sacrificed at home and abroad. MTX and The Unquiet Professional aim to support those who serve through awareness programs and services.
"It takes a village. I know firsthand how important community is when you've experienced trauma or simply navigating military life," said The Unquiet Professional Co-Founder Krista Simpson Anderson. "I was blessed with the support for our family in the wake of Mike's death. The Unquiet Professional was founded out of grief and gratitude, making it a gift to serve in this capacity today. We want to be that village for others which, thanks to the MTX Group and their incredible team, we will have the capability to do so more thoughtfully and efficiently. I am so grateful MTX Group is a part of our village, allowing us to evolve our programs and services to better support our community. Nine years ago today, our family was notified of Mike's accident in Afghanistan, and I feel it is so special to share such a meaningful partnership with the world as we honor and remember Mike and the life he so vibrantly lived."
Salesforce, .org and others are among the trademarks of salesforce.com, inc.
ABOUT MTX GROUP
MTX Group Inc. (MTX) is a global technology consulting firm that enables organizations to modernize through digital transformation. With data as the new currency, MTX helps transform long-term strategy with outcomes in mind around happiness, health and the economy. MTX improves decision-making with speed and quality by leveraging the mavQ AI platform and partnering with leading cloud technologies.
ABOUT THE UNQUIET PROFESSIONAL
The Unquiet Professional is a registered 501(c)3 charitable organization committed to recognizing, honoring, and empowering our nation's Gold Star & Surviving Families, Veterans, and military families by providing purposeful opportunities to heal from the wounds of war. Through awareness initiatives and empowering support programs, The Unquiet Professional is committed to making noise for those who serve. Founded by Krista Simpson Anderson and Andrea Rinaldi, The Unquiet Professional is in honor of Michael H. Simpson, the loudest Green Beret they ever knew. SSG Simpson succumbed to wounds from an improvised explosive device attack in Afghanistan while serving with 1st Special Forces Group. He is laid to rest in Arlington National Cemetery.
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SOURCE MTX Group | https://www.kxii.com/prnewswire/2022/04/27/mtx-group-announces-partnership-with-unquiet-professional/ | 2022-04-27T19:29:09Z |
Automotive Industry Leader Tapped to Accelerate Growth for Express Car Wash Innovator
CHARLOTTE, N.C., May 25, 2022 /PRNewswire/ -- Jose Costa has been appointed CEO of Magnolia Wash Holdings, an express car wash operator with nearly 70 locations across Florida, Georgia, North Carolina, Ohio, South Carolina, Tennessee and Virginia. Costa is the company's first CEO and will oversee Magnolia's continued growth and expansion throughout the Southeast.
"Jose is the proven leader Magnolia Wash Holdings needs to take the enterprise to the next level," said Sean Epps, partner at A&M Capital Opportunities ("AMCO"). "His track record leading and growing best-in-class multi-unit retail organizations makes him uniquely qualified to capitalize on Magnolia's entrepreneurial spirit and commitment to investing in innovation and quality. Jose has an unmatched talent for identifying and executing on new growth opportunities, and we are excited to see him translate his experience into the high-growth car wash market."
Costa has a proven track record of leading large multi-unit retail organizations across multiple end-markets. He has served previously as group president at a large auto services business and is a board member of Simplicity Car Care, a collision service and car care leader in Canada. Costa has also held c-suite executive roles at leading brands in the quick-service restaurant ("QSR") and optical retail markets, managing thousands of locations across the globe for Bojangles, Burger King, and GrandVision. He has extensive experience leading private equity-backed portfolio companies as both senior executive and board director and has previously partnered with preeminent consumer investment firms across the world.
"The express car wash industry is rapidly growing, and I believe Magnolia Wash Holdings is in a prime position to lead the way with an unwavering focus on customer experience and quality," said Costa. "The company has built a reputation for operational excellence and innovative technology that delivers a premium experience for consumers and teammates. I look forward to driving Magnolia's continued expansion and building upon the pillars of investment, innovation, sustainability and communication that give the company the management structure, training and superior operations that set it apart in the industry."
In 2020 Frank Bennett and Brooks Moye recapitalized Express Wash Holdings with AMCO and subsequently created Magnolia to pursue a multi-pronged growth strategy in the Southeast U.S. Since this partnership, Magnolia has successfully driven best-in-class growth via acquisitions, de novo openings, and the expansion of its Fast Pass Membership Program. Today, Magnolia operates across multiple geographic markets in the Southeast and is actively seeking acquisitions and development opportunities, adding multiple locations to its footprint each month.
About Magnolia Wash Holdings
Magnolia Wash Holdings operates 68 Express Wash locations throughout South Carolina, North Carolina, Florida, Georgia, Virginia, Ohio, and Tennessee. Magnolia prides itself on delivering consumers and teammates a premium on-premise experience, including its Unlimited Fast Pass Membership Program, free towels, free vacuums, and free mat washing stations. The Company was founded by Frank Bennett and Brooks Moye in 2014 and is based in Charlotte, North Carolina. For more information, visit magnoliawashholdings.com.
About A&M Capital
Alvarez & Marsal Capital ("A&M Capital") is a multi-strategy private equity investment firm with over $4.1 billion in total assets under management across four investment strategies, which maintains a strategic association with Alvarez & Marsal, one of the largest operationally-focused advisory firms in the world. A&M Capital Opportunities ("AMCO"), is Alvarez & Marsal Capital's growth-focused strategy which partners with business owners and management teams to recapitalize and scale enterprises, leveraging deep operational capabilities and industry relationships to position these businesses for accelerated long-term growth.
Contact:
Nicole Hunnicutt
Fish Consulting
404-558-4108
nhunnicutt@fish-consulting.com
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SOURCE Magnolia Wash Holdings | https://www.mysuncoast.com/prnewswire/2022/05/25/jose-costa-named-ceo-magnolia-wash-holdings/ | 2022-05-25T14:42:50Z |
GENEVA and RADNOR, Pa., Aug. 22, 2022 /PRNewswire/ -- RELIEF THERAPEUTICS Holding SA (SIX: RLF) (OTCQB: RLFTF) (OTCQB: RLFTY) ("Relief"), and NRx Pharmaceuticals, Inc. (NASDAQ: NRXP) ("NRx"), today announced that they have agreed to a tentative settlement of their pending litigation. The parties have agreed to work collaboratively to finalize the settlement within the next 30 days. Further, the parties have agreed to stay the litigation for an additional 60 days to allow for the negotiation and execution of the definitive settlement agreement and related terms. Terms of the settlement will be reported following execution of the definitive settlement documents, but any settlement may result in a re-allocation of the development rights and licensing arrangements for aviptadil. There can be no assurance that the parties will successfully complete the proposed settlement.
Relief focuses primarily on clinical-stage programs based on molecules with a history of clinical testing and use in human patients or a strong scientific rationale. Relief has a Collaboration and License Agreement with Acer Therapeutics for the worldwide development and commercialization of ACER-001 (sodium phenylbutyrate) for the treatment of various inborn errors of metabolism, including UCDs and Maple Syrup Urine Disease (MSUD). Relief also continues to study aviptadil for several possible lung related conditions. Finally, Relief's 2021 acquisitions of APR Applied Pharma Research SA and AdVita Lifescience GmbH brought to Relief a diverse pipeline of marketed and development-stage programs.
RELIEF THERAPEUTICS Holding SA is listed on the SIX Swiss Exchange under the symbol RLF and quoted in the U.S. on OTCQB under the symbols RLFTF and RLFTY. For more information, visit www.relieftherapeutics.com. Follow Relief on LinkedIn.
NRx Pharmaceuticals, Inc. draws upon decades of collective, scientific, and drug-development experience applying innovative science to known molecules to address very high unmet needs and bring improved health to patients. NRx Pharmaceuticals is developing NRX-101, its proprietary fixed-dose combination as a treatment for Bipolar Depression in Patients with Acute Suicidal Ideation and Behavior (ASIB). The U.S. Food and Drug Administration ("FDA") has granted Breakthrough Therapy designation ("BTD"), a Special Protocol Agreement, and a Biomarker Letter of Support for NRX-101. NRx Pharmaceuticals is led by executives who have held leadership roles at Lilly, Pfizer, and Novartis as well as major investment banking institutions.
This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause actual results in future periods to differ materially from forecasted results. A number of factors, including (i) whether the parties can complete the proposed settlement, and (ii) those factors described in Relief's and NRx's reports to the Securities and Exchange Commission under the Securities Exchange Act of 1934 could adversely affect Relief and NRx. Copies of Relief's and NRx's filings with the SEC are available on the SEC EDGAR database at https://www.sec.gov/edgar/searchedgar/companysearch. Relief and NRx do not undertake any obligation to update the information contained herein, which speaks only as of this date.
CONTACT:
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SOURCE NRx Pharmaceuticals, Inc. | https://www.kxii.com/prnewswire/2022/08/22/relief-therapeutics-holding-sa-nrx-pharmaceuticals-inc-announce-tentative-settlement-pending-litigation/ | 2022-08-22T11:49:39Z |
Ten Chattanooga police officers have been reassigned to non-enforcement positions and will no longer be allowed to testify in court after they "misrepresented the truth or filed a false report," according to a police department press release.
Police Chief Celeste Murphy reassigned them after the US Attorney's Office asked "for a list of officers who had sustained allegations of untruthfulness or misrepresentation, for the purposes of identifying officers who would not be allowed to testify in court," according to the release obtained by CNN affiliate WRCB.
Murphy supplied the names to state and federal prosecutors. The chief said she reassigned the officers because they would not be allowed to testify in court, the statement reads.
"Chattanooga residents, our fellow CPD officers, as well as the state and federal prosecutors who present these cases should have full confidence that officers who investigate crimes, apprehend suspects, and testify in court uphold the highest standards of integrity," Murphy said in the release.
"It is unacceptable that a case could be jeopardized due to an integrity issue with an officer who was found to have previously misrepresented the truth or filed a false report."
Murphy said investigations into allegations of untruthfulness or misrepresentation against the 10 officers were related to internal policy violations.
None of the 10 reassigned officers were accused of misrepresentation in court, Chattanooga police said.
The Fraternal Order of Police criticized Murphy's actions in a release and said the reassignment "constitutes further discipline for internal matters which occurred more than 10 years ago."
The FOP said Murphy used the US Attorney's Office as a "scapegoat" for improperly disciplining the 10 officers.
"Contrary to Chief Murphy's claim that these officers are not been demoted or punished, she is choosing to punish these officers a second time," the FOP said in a written statement.
"By doing so, Chief Murphy has emphatically deemed the discipline rendered by past administrations, done with the full support of the City Attorney, and members of Chief Murphy's own command staff, as insufficient and has acted of her own volition to administer what she alone deems appropriate."
In a statement to CNN, the US Attorney's Office cited the "paramount importance" of defendants in federal court receiving due process.
"This office conducts appropriate inquiry in all criminal cases to ensure that it has the information necessary to make any disclosure required by law concerning a witness, including a law enforcement officer, called by the United States to provide sworn testimony in a federal criminal proceeding," the office said.
While allegations of untruthfulness currently warrant immediate termination, Murphy said previous department policy treated untruthfulness differently from misrepresentation.
The Chattanooga Police Department said it has "eliminated that distinction" between untruthfulness and misrepresentation.
In the future, all sustained allegations relating to untruthfulness will lead to "immediate termination," the department said.
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PITTSBURGH, May 17, 2022 /PRNewswire/ -- ANSYS, Inc. (NASDAQ: ANSS), announced today that Ajei Gopal, president and chief executive officer, will participate in a moderated discussion at Bernstein's 38th Annual Strategic Decisions Conference (SDC) on June 2, 2022 at 2:30 p.m. ET.
A live webcast and archive of the webcast will be available at: https://investors.ansys.com/events-and-presentations/events-calendar/default.aspx
Forward-Looking Statements
Statements made on the webcast are as of the date of the webcast and Ansys does not assume any obligation to update any statements made live or on the archived webcast. Matters discussed may include forward-looking statements about Ansys's anticipated financial results and growth, as well as about the development of products and markets, which are based on current plans and assumptions. Actual results in future periods may differ materially from those expectations due to a number of risks and uncertainties, including those described from time to time in reports filed by Ansys with the U.S. Securities and Exchange Commission, including Ansys's most recent reports on Form 10-K and 10-Q.
About Ansys
If you've ever seen a rocket launch, flown on an airplane, driven a car, used a computer, touched a mobile device, crossed a bridge, or put on wearable technology, chances are you've used a product where Ansys software played a critical role in its creation. Ansys is the global leader in engineering simulation. Through our strategy of Pervasive Engineering Simulation, we help the world's most innovative companies deliver radically better products to their customers. By offering the best and broadest portfolio of engineering simulation software, we help them solve the most complex design challenges and create products limited only by imagination. Founded in 1970, Ansys is headquartered south of Pittsburgh, Pennsylvania, U.S.A. Visit www.ansys.com for more information.
Ansys and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.
ANSS–F
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SOURCE Ansys | https://www.wibw.com/prnewswire/2022/05/17/ansys-chief-executive-officer-present-bernsteins-38-annual-strategic-decisions-conference/ | 2022-05-17T21:15:42Z |
TASE Concludes the First Quarter with a 25% Increase in Revenues and 50% in the Profit and EBITDA Compared to the Corresponding Quarter Last Year
TASE to Initiate the First Stage of the Buyback in an Amount of up to NIS 36 Million Over Six Months
- Revenues in the first quarter of 2022 totaled NIS 98 million, a 25% increase compared to the revenues in the corresponding quarter last year.
- The profit in the first quarter of 2022 totaled NIS 15 million, compared to NIS 10 million in the corresponding quarter last year, an increase of 50% between the quarters.
- The adjusted EBITDA in the first quarter of the year totaled NIS 37 million, compared to NIS 25 million in the corresponding quarter last year, an increase of 50% between the quarters.
- Equity trading volumes grew by close to 40% in the first quarter of the year compared to the corresponding period last year; capital raising on the equity market totaled NIS 7.5 billion, representing 30% of the total capital raised in the full year 2021.
TEL AVIV, Israel, May 24, 2022 /PRNewswire/ -- Ittai Ben Zeev, CEO of TASE, said today: "We are opening the first quarter with strong results and record revenues that reflect the ongoing development and growth in all the core activities of TASE. Especially in times like these, TASE continues to serve as a significant capital raising hub for the local companies, with a total of NIS 7.5 billion raised on the equity market, including in 8 IPOs, standing strong in the face of significant fluctuations and price drops in most of the leading international markets.
"TASE, as home of the Israeli economy, serves as terra firma for the Israeli companies, including dozens of dual-listed companies, that enjoy the economic strength that characterizes the Israeli economy and investors and the greater stability compared to the international markets. At the same time, we continued our efforts to increase the number of players in the local capital market, with emphasis on global players that expand the variety of products traded on TASE and enhance the competition while also increasing the exposure of the Israeli companies to global investors. TASE will continue to develop new products and services, for the benefit of the capital market, the investors and the Israeli economy."
The Tel-Aviv Stock Exchange Ltd. (TASE: TASE) today announced its financial results for the first quarter ended March 31, 2022.
The first quarter of the year was characterized by strong fluctuations and uncertainty in the markets, which boosted the trading volumes to 38% above the average trading volume of equity in the full year 2021, this on the backdrop of the hostilities against Ukraine, the looming inflation and the interest rises that began in the United States, Europe and in Israel. These were accompanied by a moderate reduction in the number of new IPOs, similarly to the global trend, with 8 IPOs in the first quarter of the year. At the same time, capital raising on the equity market was strong, totaling NIS 7.5 billion, representing close to 30% of the total capital raised in the full year 2021, including NIS 1.4 billion raised in 8 IPOs, 3 with a market cap of more than NIS 1 billion. Capital raised from the public on the bonds market was also substantial, totaling NIS 24 billion, close to 31% of the total capital raised in 2021.
TASE's leading indices, the TA-35 Index and the TA-90 Index, remained strong compared to the flagship indices of leading global exchanges. In the first quarter, they recorded an average positive yield of 2%, compared to a 5% decrease in the Dow Jones and S&P 500 indices, a 9% decrease in the EURO STOXX 50 index and a 6% decrease in the MSCI index.
In the first quarter, foreign money continued to flow strong into TASE, totaling NIS 3 billion net in shares, this further to net purchases of NIS 13 billion net in 2021.
TASE constantly works to increase the number of players in the local capital market and the number of TASE members, in order to enhance the competition on the capital market and improve the position of the local investor. Among others, in the first quarter more foreign ETFs listed on TASE - international investment firm, Invesco, listed for the first time 10 foreign ETFs, joining the already listed foreign ETFs of global funds, Blackrock and Lyxor. There are currently 39 foreign ETFs listed on TASE.
In the first quarter, TASE continued to remove trading barriers, increase the public's involvement and improve the accessibility of information to the public. The reduction of the minimum order size in trading to NIS 500 in early March was followed by a surge in the number of new orders for shares included in the TA-35 Index, which grew 7 times larger - from 10,000 daily orders to 71,000 daily orders. At the same time, in the first quarter, TASE launched the English TASE app.
Further to TASE's announcement, last March, of its intension to formulate a plan for the buyback of the Company shares in an amount of up to NIS 100 million and for a period of up to two years, today the TASE Board of Directors approved the first buyback plan, in an amount of up to NIS 36 million over six months. Accordingly, the approved plan, contains restrictions on the daily volume of purchases and the buying prices, which shall apply to purchases carried out pursuant to it. The buyback will be executed by an external broker that is not related to the company.
Highlights of the results for the first quarter of 2022:
Revenue in the first quarter of 2022 totaled NIS 97.7 million, compared to revenue of NIS 78.4 million in the corresponding quarter last year, an increase of 25%. Growth was recorded across all activity items, including a 16% increase in revenue from trading and clearing commissions, which totaled NIS 39.4 million, stemming mainly from the higher trading volumes in equity compared to the corresponding quarter last year, as well as from the 2 additional trading days this quarter. Another increase of 51% was recorded in revenue from listing fees and levies, which totaled NIS 24.8 million, due, among others, to the updating of the period of recognition of revenue from listing fees and another 15% rise in revenue from Clearing House services, which totaled NIS 17.4 million.
Costs in the first quarter of 2022 totaled NIS 73.4 million, compared to costs of NIS 65.7 million in the corresponding quarter last year, an increase of 12%. The increase in the costs is due mainly to the rise in marketing expenses in the reported period as a result of the timing of performance of campaigns and to an increase in employee benefits expenses resulting from salary updates and provisions for bonuses.
Net financing expenses in the first quarter of 2022 totaled NIS 5.2 million, as compared to net financing income of NIS 0.1 million in the corresponding quarter last year. The transition to financing expenses this quarter resulted from a negative return of 2.45% on the Company's investments in marketable securities' portfolios comprising Israeli Government bonds, as compared to a positive return of approximately 0.02% in the corresponding quarter last year.
The profit in the first quarter of 2022 totaled NIS 14.7 million, compared to NIS 9.7 million in the corresponding quarter last year, an increase of 52%. The increase in profit was due to a rise in revenue, which was partly offset by the increase in expenses and the transition to financing expenses.
The adjusted EBITDA in the first quarter of 2022 totaled NIS 36.8 million, compared to NIS 24.6 million in the corresponding quarter last year, an increase of 50%. The increase is due to a 25% rise in revenue as a result of the higher volume of activity and update to the period of revenue recognition from listing fees, less a 12% increase in expenses, primarily marketing costs and employee benefits.
The adjusted profit in the first quarter of 2022 totaled NIS 14.9 million, compared to NIS 9.9 million in the corresponding quarter last year, an increase of 50%. The increase is due to a 25% rise in revenue as a result of the higher volume of activity and update to the period revenue recognition from listing fees, less a 12% increase in expenses, primarily marketing costs and employee benefits, and to a transition to financing expenses as a result of a negative return on the Company's investments in financial assets held for trade.
TASE's equity as of March 31, 2022 totaled NIS 669.5 million, a 1% increase compared to December 31, 2021.
This notification does not replace the stated in the periodic financial statements of the Company for the first quarter of 2022, which contain the full and accurate information.
Contact:
Yehuda van der Walde EVP, CFO
+972-76-8160442
cfo@tase.co.il
Orna Goren
Head of Communication and Public Relations Unit
+972-76-8160405
tase.ir@tase.co.il
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SOURCE The Tel Aviv Stock Exchange Ltd. | https://www.wibw.com/prnewswire/2022/05/24/tel-aviv-stock-exchange-reports-results-financial-statements-first-quarter-2022/ | 2022-05-24T16:12:56Z |
SEOUL, South Korea, Sept. 14, 2022 /PRNewswire/ -- SKYPLAY Inc. announced the beta release of its blockchain platform, SKYPlay and eP2E (easy Play to Earn) game, CoinGrid.
Under the leadership of the Singapore corporation, SKYPLAY Inc. listed its cryptocurrency, SKP (SKYPlay Token) on MEXC and ProBit Global, the world's leading digital-asset trading platforms. SKYPLAY Inc. will continuously develop and publish a series of eP2E games based on the Ethereum layer 2 blockchain, the Polygon (MATIC) network, and has plans to release two more games within this year in addition to CoinGrid, which was launched together with the SKYPlay platform.
Prior to the SKYPlay platform's official launch at the end of this year, its stability and reliability will be ensured by featuring key functions including the SWAP system and the Marketplace for NFT transactions in sequential orders. Additionally, SKYPLAY Inc. will increase SKP's presence in the market by listing SKP on prominent global and domestic cryptocurrency exchanges.
SKYPlay platform is broadening its contents by promoting X2E (X to Earn), a new app-tech market, based on its brand catchphrase, FUEL—uphold Fun, Utility, and Easy contents while maintaining the platform's Liquidity.
CoinGrid is the first casual NFT game developed and presented by Kyung-Min Kim, the CEO of IDaNote and the former Global Manager of the 'Modoo Marble' from Netmarble. The game has drawn positive expectations within the market from the opening of pre-registration.
Sang-ok Chang, the CEO of SKYPLAY Inc. said, "We are expanding user-pool with events and community activities based on user communities already established in over 170 countries. SKYPlay will create NFT contents that cater to varied lifestyles alongside popular casual games to ensure the 'sustainability' and 'stability' of the platform. We will build up an open ecosystem that will grow with users by incorporating user-friendly innovation and technology."
SKYPlay
SKYPlay will offer a rich variety of lifestyle content including easy P2E games, sports, education, music, and art-all of which will be provided through an easy NFT business platform optimized for mobile UI/UX.
SKYPlay will offer a bigger and better space than a simple portal, encouraging users and service providers to grow and thrive within an easy-to-use, reliable, and trustworthy ecosystem.
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SOURCE SKYPlay | https://www.wibw.com/prnewswire/2022/09/14/skyplay-blockchain-platform-coingrid-game-goes-live-beta/ | 2022-09-14T13:31:07Z |
Vaccine does not interfere with routine measles-rubella vaccine in Malawian children
BLANTYRE, Malawi, Aug. 10, 2022 /PRNewswire/ -- A new study, published in The Lancet Global Health, finds the typhoid conjugate vaccine, Typbar TCV®, provides immunity for up to three years in children as young as nine months old in Malawi. The research – conducted by the Blantyre Malaria Project, Malawi-Liverpool-Wellcome Trust, and researchers at the Center for Vaccine Development and Global Health (CVD) at the University of Maryland School of Medicine (UMSOM) – found that the TCV vaccine is safe and well tolerated. Importantly, the vaccine can be given to nine-month-old infants at the same time as routine measles-rubella vaccinations without reducing the immune response to either vaccine.
The newly published research is a double-blind, randomized, controlled clinical trial done in Blantyre, Malawi. The study team randomly assigned 631 children with no immunosuppression or chronic health conditions to either receive the TCV typhoid vaccine or a vaccine for meningococcal serogroup A conjugate, which is routinely used in Africa. The typhoid vaccine showed strong immune responses against typhoid in children ages nine months to 12 years old.
"It is simply amazing that a single dose of TCV will protect Malawian children for years," said Ngina Nampota, MBBS, MS, lead author of the new research and Study Physician with the Blantyre Malaria Project, an affiliate of Kamuzu University of Health Sciences, Malawi.
Typhoid causes more than nine million cases and at least 110,000 deaths worldwide every year, most of which occur in sub-Saharan Africa and southeast Asia. It is transmitted by ingesting contaminated food or water, often due to lack of safe water and sanitation.
The new study is supported by TyVAC – a partnership between CVD, the Oxford Vaccine Group at the University of Oxford, and the global non-profit PATH. TyVAC aims to accelerate the introduction of the TCV vaccine as part of an integrated approach to reduce the burden of typhoid in countries eligible for support from Gavi, the Vaccine Alliance. TyVAC was initiated in 2016 as a multi-country project to accelerate the introduction of the TCV vaccine in Gavi-eligible countries.
"TCVs are the first vaccines that protect children as young as six months of age against typhoid. This study is one of the first to demonstrate a long-lasting immune response in African children who are disproportionately affected by typhoid and its potential consequences, including death," said Matthew B. Laurens, MD, MPH, Professor of Pediatrics and Medicine at UMSOM and senior author of the new research. "TCVs will ensure children in affected areas can lead healthier, productive lives free of typhoid."
These vaccines offer an easy – and World Health Organization-approved – way to control this devastating disease and save lives. Data from a phase 3 clinical trial in Malawi, published in September 2021 in The New England Journal of Medicine, also showed that this vaccine is a safe and effective way to protect children under age 15, the population most affected by typhoid. The new Lancet Global Health research is a "substudy" of this larger clinical trial.
Additionally, the new study showed that children under one year of age had both a strong immune response and no significant side effects when TCV was given alongside a routine measles-rubella vaccine. In countries with limited access to health care and transportation, the ability to administer multiple vaccines in one visit improves access to preventive care. Children who receive TCV typically experience mild side effects, most commonly injection-site pain. These reactions are consistent with other similar vaccines.
"TCVs provide a ray of hope in resource-limited settings, where children are disproportionately impacted by typhoid," said Kathleen Neuzil, MD, MPH, the Myron M. Levine, MD, DTPH, Professor in Vaccinology at UMSOM and coauthor of the current study. "With broad use of TCVs, combined with improved water and sanitation, we have the ability to make typhoid a disease of the past." Dr. Neuzil is also the director of CVD at UMSOM and principal investigator for TyVAC.
The next steps, Dr. Laurens said, are to assess the effect of a booster dose on long-term protection from typhoid fever in children. While researchers continue to monitor the children vaccinated as part of this study, previous research suggests that TCV protection likely lasts at least five years.
"Our team's goal to protect children against typhoid represents a long-term aim of scientists working across the globe," said Mark T. Gladwin, MD, Vice President for Medical Affairs, UM Baltimore, and the John Z. and Akiko K. Bowers Distinguished Professor and Dean at UMSOM. "We are proud of these life-saving accomplishments of scientists in the University of Maryland's Center for Vaccine Development and Global Health, who are focused on global efforts to reduce health care disparities."
The Bill & Melinda Gates Foundation partially funded this study with grant OPP1151153. Typbar TCV® is licensed by Bharat Biotech International Limited, Hyderabad, India.
Now in its third century, the University of Maryland School of Medicine was chartered in 1807 as the first public medical school in the United States. It continues today as one of the fastest growing, top-tier biomedical research enterprises in the world -- with 46 academic departments, centers, institutes, and programs, and a faculty of more than 3,000 physicians, scientists, and allied health professionals, including members of the National Academy of Medicine and the National Academy of Sciences, and a distinguished two-time winner of the Albert E. Lasker Award in Medical Research. With an operating budget of more than $1.3 billion, the School of Medicine works closely in partnership with the University of Maryland Medical Center and Medical System to provide research-intensive, academic and clinically based care for nearly 2 million patients each year. The School of Medicine has nearly $600 million in extramural funding, with most of its academic departments highly ranked among all medical schools in the nation in research funding. As one of the seven professional schools that make up the University of Maryland, Baltimore campus, the School of Medicine has a total population of nearly 9,000 faculty and staff, including 2,500 students, trainees, residents, and fellows. The combined School of Medicine and Medical System ("University of Maryland Medicine") has an annual budget of over $6 billion and an economic impact of nearly $20 billion on the state and local community. The School of Medicine, which ranks as the 8th highest among public medical schools in research productivity (according to the Association of American Medical Colleges profile) is an innovator in translational medicine, with 606 active patents and 52 start-up companies. In the latest U.S. News & World Report ranking of the Best Medical Schools, published in 2021, the UM School of Medicine is ranked #9 among the 92 public medical schools in the U.S., and in the top 15 percent (#27) of all 192 public and private U.S. medical schools. The School of Medicine works locally, nationally, and globally, with research and treatment facilities in 36 countries around the world. Visit medschool.umaryland.edu
For over 40 years, researchers in the Center for Vaccine Development and Global Health have worked domestically and internationally to develop, test, and deploy vaccines to aid the world's underserved populations. CVD is an academic enterprise engaged in the full range of infectious disease intervention from basic laboratory research through vaccine development, pre-clinical and clinical evaluation, large-scale pre-licensure field studies, and post-licensure assessments. CVD has worked to eliminate vaccine-preventable diseases. CVD has created and tested vaccines against cholera, typhoid fever, paratyphoid fever, non-typhoidal Salmonella disease, shigellosis (bacillary dysentery), Escherichia coli diarrhea, nosocomial pathogens, tularemia, influenza, malaria, and other infectious diseases. CVD's research covers the broader goal of improving global health by conducting innovative, leading research in Baltimore and around the world. CVD researchers are developing new and improved ways to diagnose, prevent, treat, control, and eliminate diseases of global impact. Currently, these diseases include typhoid, Shigella, E. coli diarrhea, malaria, and other vaccine-preventable infectious diseases. CVD researchers have been involved in critical vaccine development for emerging pathogens such as Ebola and Zika. In addition, CVD's work focuses on the ever-growing challenge of antimicrobial.
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SOURCE University of Maryland School of Medicine | https://www.kxii.com/prnewswire/2022/08/10/new-study-confirms-typhoid-vaccine-safety-immune-response-children/ | 2022-08-10T13:26:07Z |
Retailers are struggling to keep products on the shelves to keep their customers happy. Inventory management has become a guessing game driven by fear. "Companies are so scared of not having what they need that they are erring on the side of ordering "a lot" said Scott Hoyt, senior director for Moody's Analytics. 1
NEW YORK, May 31, 2022 /PRNewswire/ -- 7thonline, Inc. is the global leader in integrated demand planning and inventory management solutions for multi-channel retail, supply chain, and wholesale businesses.
7thonline has launched its latest application, 'Inventory Control Desk™' in response to calls from multi-channel retail companies grappling with lost sales and growing inventory management problems. The application provides daily, weekly, and monthly sales and inventory positions. It also generates sales forecasts and alerts for re-orders when inventory positions are at risk. As a result, 'Inventory Control Desk™' affords visibility to plan and execute promotions, markdowns, transfers, and closeouts.
"We are thrilled to bring 'Inventory Control Desk™' to market. The final product is a true collaboration with clients and industry colleagues alike. We have signed-on several major retailers with one having over 8000 stores. The feedback has been extraordinary. The application's release has been met with overwhelming success, and we are certainly proud of our entire team who made this vision a reality."
– Chris Chung, 7thonline President, Americas & EMEA
A CNBC press release on May 24, 2022, states, "They [retailers] double order to get inventory in the door, and then as demand softens, they can end up with too much inventory and have to cut back and markdown existing inventory…Walmart was off by a lot — caught with 32% more inventory year over year. Target was higher by 43%; Abercrombie & Fitch inventory was up 45% year over year."1
"It's crazy," former Walmart president and CEO Bill Simon told CNBC last week. ″I mean 8% would have been high, 15% would have been terrible, 32% is apocalyptic. I mean that's billions of dollars of inventory. That's just frankly not managed very well."1
'Inventory Control Desk™' was designed to address the challenges facing retail executives regarding managing inventory level liquidity and optimizing working capital to name a few which will result in improved customer satisfaction and increased revenue and profits.
7thonline is the leading provider of omni-channel demand planning and inventory management solutions to the retail, wholesale, and supply chain industries. Deployed as a cloud-native SaaS enterprise solution, 7thonline applications optimize merchandise planning and demand forecasting for Tier 1 retailers. Customers include Calvin Klein, Patagonia, Tommy Hilfiger, Michael Kors, Nautica, PVH, Bestseller, Colony Brands and VF, etc. 7thonline is headquartered in New York, NY and has sales and development offices globally.
To learn more, visit http://www.7thonline.com.
Media Contact: info@7thonline.com
7thonline, Inc.
70 West 40th Street
New York, NY 10018
(212) 997-1717
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SOURCE 7th Online, Inc. | https://www.kxii.com/prnewswire/2022/05/31/empty-shelves-supply-chain-woes-7thonline-answers-calls-retail-giants-with-saas-solution-inventory-control-desk/ | 2022-05-31T19:56:41Z |
TIANJIN, China, June 27, 2022 /PRNewswire/ -- As the SARS-COV-2 Omicron subvariants BA.4 and BA.5 make their way across the EU and the US, Joysbio is able to give people the power to administer a rapid test for themselves at home. The Joysbio Coronavirus Antigen Rapid Test Kit can effectively detect the Omicron subvariants BA.4 and BA.5. The test is certified by CE1434 (PCBC) for self-testing by layperson.
Back in June 2020, Joysbio released their breakthrough testing COVID-19 antigen rapid test. The 15-minute results allow government officials, event organizers, school officials, and others to make decisions about distancing, mask wearing, and other precautions. More information about the test kit is available at https://en.joysbio.com/covid-19-antigen-rapid-test-kit/.
Since they released their first COVID antigen test, JOYSBIO has supplied more than 200 million of tests around the world to protect everyone from this deadly virus.
"As new SARS-COV-2 mutations BA.4 and BA.5 pop up around the world," said Zhang, "The need for tests that can be counted on to show an active infection of new BA.4 and BA.5 variants continues to grow. Our mission, at JOYSBIO, is to provide tests that are fast, reliable, and efficient so people can get on with their lives as quickly as possible."
Certified by CE1434 (PCBC) for self-testing by layperson, this is the one test that every home should have. At the first sign of symptoms or possible exposure, the test will be able to tell anyone whether it's COVID they're dealing with or some other illness.
The professional version of this test is recently included in the "EU Common List of COVID-19 rapid antigen tests" under Category A that is strongly recommended to use by the European Commission for the issuance of EU digital COVID certificates.
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 joint technical, marketing/sales, operational and manufacturing ability in this industry.
If you would like more information about this topic, please contact Rick Zhang at +86-186-0545-0986 or email at bd@joysbio.com.
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SOURCE JOYSBIO (Tianjin) Biotechnology Co., Ltd. | https://www.mysuncoast.com/prnewswire/2022/06/27/joysbio-offers-sars-cov-2-antigen-rapid-test-that-detects-omicron-subvariants-ba4-ba5/ | 2022-06-27T08:23:30Z |
CHENGDU, China, July 5, 2022 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focusing on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the launch of its proprietary online ride-hailing platform for drivers in Harbin, the capital of Heilongjiang Province.
Senmiao launched its online ride-hailing platform in Harbin on June 30, 2022. With the addition of Harbin, Senmiao's platform is now available in 21 cities across China, including six cities in Sichuan Province and 15 major cities in other provinces in China.
With a population of approximately 9.9 million, Harbin is the political, economic and cultural center in Northeast China and also a mega city coming first in the area of land under jurisdiction and coming third in registered population among the provincial cities in China. Harbin possesses rich historical, cultural and tourism resources, and is also known as the "Ice City" of China. Harbin is an international comprehensive transportation hub, an important industrial manufacturing base, and a central city for border development.
Xi Wen, Senmiao's Chairman and Chief Executive Officer, stated, "We are pleased to continue strengthening our partnership with Gaode Map (AutoNavi Software Co., Ltd.) with the launch of our platform in Harbin, marking the eighth provincial city that Senmiao serves in China. Following our launch in Shenyang, this presents the growing opportunities for us to expand our business in Northeast China, and we look forward to providing quality online ride-hailing services to the people in Harbin. We expect to continue to launch our platform in other major cities with growth potential, which we anticipate will help improve cash flow in the coming quarters."
About Senmiao Technology Limited
Headquartered in Chengdu, Sichuan Province, Senmiao provides automobile transaction and related services including sales of automobiles, facilitation and services for automobile purchases, financing, management, operating leases, guarantees and other automobile transaction services as well as operates its own ride-hailing platform aimed principally at the growing online ride-hailing market in Senmiao's areas of operation in China. For more information about Senmiao, please visit: http://www.senmiaotech.com. Senmiao routinely provides important updates on its website.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements (including those relating to the operation of Senmiao's ride-hailing platform) are subject to significant risks, uncertainties and assumptions, including those detailed from time to time in the Senmiao's filings with the SEC, and represent Senmiao's views only as of the date they are made and should not be relied upon as representing Senmiao's views as of any subsequent date. Senmiao undertakes no obligation to publicly revise any forward-looking statements to reflect changes in events or circumstances.
For more information, please contact:
At the Company:
Yiye Zhou
Email: edom333@ihongsen.com
Phone: +86 28 6155 4399
Investor Relations:
The Equity Group Inc. In China
Carolyne Sohn, Vice President Lucy Ma, Associate
+1 415-568-2255 +86 10 5661 7012
csohn@equityny.com lma@equityny.com
© 2022 Senmiao Technology Ltd. All rights reserved.
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SOURCE Senmiao Technology Limited | https://www.mysuncoast.com/prnewswire/2022/07/05/senmiao-technology-launches-ride-hailing-platform-harbin-capital-heilongjiang-province/ | 2022-07-05T13:36:34Z |
The agreement will further enable the exponential growth of The SaltFacial system due to high consumer demand for non-invasive aesthetic procedures.
CARDIFF, Calif., April 5, 2022 /PRNewswire/ -- SaltMED™, a medical device company focused on innovative medical aesthetic technology, is pleased to announce the manufacturing agreement with Jabil (NYSE: JBL), to become the company's manufacturer and supplier of SaltMED's current and future products.
The SaltFacial device is paramount to medical aesthetic practices and providers around the world who are seeking a patented and true medical facial technology made in the USA. Current SaltFacial providers are seeing over 70% of their patients schedule their next appointment within 4-6 weeks for a SaltFacial treatment immediately after their first treatment, leading to tremendous practice growth on other services as well such as skincare and injectables. "The SaltFacial is the most utilized device in both of my practices. It can be used on every patient, every day, with 100% satisfaction. I would invest in this technology again and again," Dr. Gregory Chernoff, Triple Board-Certified Plastic Surgeon.
"We truly appreciate Jabil for entrusting and choosing to partner with SaltMED to deliver world class technology in the medical aesthetic industry," said Allan Danto, President and CEO of SaltMED. "Due to the high level of demand with both providers seeking to offer The SaltFacial's unique and innovative technology, and consumers seeking The SaltFacial treatments, we have set immediate action plans and schedule to scale The SaltFacial distribution in the early second half of 2022.
"Jabil chose to manufacture The SaltFacial because it is a market disruptor in the medical aesthetic industry and has tremendous opportunity to scale. As the industry's largest provider of design, engineering and manufacturing solutions to the medical field, The SaltFacial meets Jabil's high standards of delivering the best technology, while expanding into the medical aesthetic space," said Jim Warren, Director of Business Development, Jabil.
The manufacturing agreement allows for Jabil and SaltMED to continue pushing the boundaries of what is possible well into the future of the medical aesthetic market. For more information about SaltMED, visit www.SaltMED.com.
Media Contact:
Erika Sheyn
Chief Marketing Officer
erika@saltmed.com
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SOURCE SaltMED | https://www.wibw.com/prnewswire/2022/04/05/saltmed-announces-manufacturing-agreement-with-jabil-following-record-year-sales-saltfacial-skin-renewal-system/ | 2022-04-05T15:39:17Z |
Returns on Single-Family Rental Homes Decreasing in Three-Quarters of U.S. Counties;
Mid- and High-Priced Markets Reaping Smaller Profits, Facing More Declines;
Average Yields on Three-Bedroom Rentals Mostly Range From 5 to 10 Percent
IRVINE, Calif., May 20, 2022 /PRNewswire/ -- ATTOM, a leading curator of real estate data nationwide for land and property data, today released a new Single-Family Rental Market report showing that profit margins on 3-bedroom single-family home rentals are declining annually in 2022 across most of the United States, and are slightly more likely to decline in areas that already have lower yields.
The report analyzed single-family rental yields in 212 U.S. counties with a population of at least 100,000 and sufficient rental and home price data in the first quarter of 2022. Rental and home price data was collected from ATTOM's nationwide property database, as well as publicly recorded sales deed data licensed by the company (see full methodology below).
The report shows that average gross rental yields before expenses on three-bedroom, single-family homes purchased by landlords this year are decreasing in 72 percent of the counties included in the report. (The latest yields are based on annualized 2022 gross rent income divided by median purchase prices in the first quarter of 2022).
Most declines are less than one percentage point from rental yields in 2021. But rental yields are dropping in about three-quarters of markets where median home prices exceeded $250,000 in the first quarter of 2022. The report further shows that those markets commonly have smaller profit margins, with yields that mostly fall below 7 percent.
Meanwhile, gross returns are decreasing in two-thirds of markets where homes typically sell for less than $250,000, located mainly in the Midwest and South. Returns remain above 8 percent in more than half of those counties, despite the declines.
The downturn in single-family rental yields comes as prices that landlords must pay to buy properties are rising faster than rents. Median prices for three-bedroom houses increased at least 15 percent from 2021 to 2022 in half of the counties analyzed, while average rents went up by that much in only one-third of those markets.
"Investors who own single family rental properties have seen their margins compressed over the last year as home prices have risen faster than rental rates," said Rick Sharga, executive vice president of market intelligence at ATTOM. "The good news for these property owners is that their yields should improve as annual rental rates increase, and they should also benefit from home price appreciation over time."
Housing prices soared last year – the latest in a decade-long boom - as a glut of home buyers continued chasing a historically low supply of homes for sale. Buyers kept flooding the market during a time when home-mortgage rates were below 3 percent and many households were seeking to trade congested areas most vulnerable to the ongoing Coronavirus pandemic for the wider spaces afforded by single-family homes and yards.
Single-family rental yields top 7 percent in half of nation
Among 212 counties with enough data to analyze in the first quarter of 2022, yields before expenses on three-bedroom, single-family rentals are at least 7 percent this year in 98 (46 percent) counties.
The top returns include Collier County (Naples), FL (yield of 16 percent); Atlantic County (Atlantic City), NJ (12.2 percent); Mercer County (Trenton), NJ (11.6 percent); Indian River County (Vero Beach), FL (11 percent) and Charlotte County, FL (outside Fort Myers) (10.7 percent).
The smallest 2022 returns on three-bedroom, single-family rentals are in Santa Clara County (San Jose), CA (3.1 percent); San Mateo County (outside San Francisco) (3.2 percent); Williamson County, TN (outside Nashville) (3.9 percent); San Francisco County, CA (3.9 percent) and Fayette County (Lexington), KY (3.9 percent).
Largest single-family rental returns in lowest-priced counties, smallest in most-expensive markets
Yields on new three-bedroom, single-family home rentals exceed eight percent in roughly six of every 10 counties where homes typically sold for less than $250,000 in the first quarter of 2022. They include Atlantic County (Atlantic City) (yield of 12.2 percent), NJ; Wayne County (Detroit), MI (10.7 percent); Jefferson County (Beaumont), TX (10.1 percent); Hamilton County (Cincinnati), OH (9.8 percent) and Montgomery County, AL (9.7 percent).
Yields are less than six percent in about three-quarters of counties with first-quarter median prices of at least $500,000. The smallest are in Santa Clara County (San Jose), CA (3.1 percent); San Mateo County, CA (outside San Francisco) (3.2 percent); Williamson County, TN (outside Nashville) (3.9 percent); San Francisco County, CA (3.9 percent) and Kings County (Brooklyn), NY (4 percent).
Fewer declines in rental returns in low-priced areas
Single-family rental yields are decreasing in about two-thirds of counties with median home values of less than $250,000, concentrated in the Midwest and South, while returns are dropping in three-quarters of markets elsewhere.
Counties with median home prices of less than $250,000 where yields are dropping the most include Fayette County (Lexington), KY (yield down from 6.1 percent in 2021 to 3.9 percent in 2022); Richmond County (Augusta), GA (down from 10.3 percent to 9 percent); Jefferson Parish, LA (outside New Orleans) (down from 9.7 percent to 8.6 percent); Onslow County (Jacksonville), NC (down from 6.6 percent to 5.6 percent) and Philadelphia County, PA (down from 9.2 percent to 8.1 percent).
Counties with median home prices of more than $500,000 where yields on new rentals are going down the most include Kings County (Brooklyn), NY (yield down from 7.6 percent in 2021 to 4 percent in 2022); New York County (Manhattan), NY (down from 9.3 percent to 6.9 percent); Norfolk County, MA (outside Boston) (down from 7.7 percent to 6.1 percent); Suffolk County (Boston), MA, (down from 6.7 percent to 5.3 percent) and Williamson County, TN (outside Nashville) (down from 4.9 percent to 3.9 percent).
Rents rising faster than wages in three-quarters of counties measured
Average three-bedroom rents are rising faster than wages in 155 of the 212 counties analyzed (73 percent), including Harris County (Houston), TX; Maricopa County (Phoenix), AZ; San Diego County, CA; Dallas County, TX, and Riverside County, CA (outside Los Angeles).
Wages are increasing faster than rents in 57 of the 212 counties analyzed (27 percent), including Los Angeles County, CA; Cook County (Chicago), IL; Orange County, CA (outside Los Angeles); Kings County (Brooklyn), NY, and Miami-Dade County, FL.
"The fact that wages are rising faster than rental rates in some of the country's largest metropolitan areas could be due to COVID-19," Sharga added. "The flow of urban renters to the suburbs, where they became homeowners, was accelerated by the pandemic, causing relatively high vacancy rates in places like New York, Chicago, and Los Angeles, and many of these markets are still recovering."
Prices rising faster than wages in nine of every 10 markets
Median single-family, three-bedroom home prices are rising faster than average wages in 195 of the 212 counties analyzed (92 percent), including Los Angeles County, CA; Harris County (Houston), TX; Maricopa County (Phoenix), AZ; San Diego County, CA; and Orange County, CA (outside Los Angeles).
Wages are increasing faster than prices in just 17 of the counties analyzed (8 percent), including Cook County (Chicago), IL; Montgomery County, MD (outside Washington, DC); Westchester County, NY (outside New York City); Fairfield County (Stamford), CT, and San Francisco County, CA.
Methodology
For this report, ATTOM looked at all U.S. counties with a population of 100,000 or more and sufficient home price and rental rate data. Rental returns were calculated using annual gross rental yields: from rental data collected and licensed by ATTOM, annualized and divided by the median sales price of residential properties in each county. ATTOM also incorporated weekly wage data from the Bureau of Labor Statistics.
About ATTOM
ATTOM provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the real estate data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 20TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, property data APIs, real estate market trends, property reports and more. Also, introducing our newest innovative solution, that offers immediate access and streamlines data management – ATTOM Cloud.
Media Contact:
Christine Stricker
949.748.8428
christine.stricker@attomdata.com
Data and Report Licensing:
949.502.8313
datareports@attomdata.com
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SOURCE ATTOM | https://www.mysuncoast.com/prnewswire/2022/05/20/single-family-rental-returns-dropping-home-price-spikes-outpace-rent-increases-across-us-2022/ | 2022-05-20T05:07:44Z |
Leading industry innovators partner to offer powerful solutions for service contractors of all sizes
NASHVILLE, Tenn., July 19, 2022 /PRNewswire/ -- XOi Technologies, a leading provider of technician-focused technology solutions, announces a new collaboration with FieldConnect, a best-of-breed leader in B2B SaaS for mobile field service providers.
The powerful new integration connects two of the field service industry's most innovative software providers and offers business owners a unique AI- and data-powered solution to increase productivity and profitability.
"XOi's deep data cataloging capabilities, advanced AI-driven analytics and intuitive remote support options enhance the value FieldConnect delivers to its customers," said Robert Hughes, CEO of FieldConnect. "Working together, we're able to provide a uniquely powerful tool to help field service businesses of all sizes elevate customer satisfaction, drive efficiency and accelerate growth."
XOi's advanced cloud-based solution allows field service technicians to utilize, aggregate and analyze critical job data and maximize customer value through industry-leading efficiency, accuracy and accountability. With a full suite of standardized workflows, job documentation capabilities, and technician training and enablement solutions, teams can build deep and easily accessible institutional knowledge bases that support real-time decision-making and data-based continuity. Service teams can apply these extensive data-science capabilities to analyze those foundational elements and strategically respond to evolving data trends and forecasts.
FieldConnect is an award-winning software company specializing in field service management solutions. They focus on mobile workforce solutions for commercial service contractors, construction organizations, and other field service businesses. FieldConnect's best-in-class mobile field service solution extends the default functionality of most ERP solutions. Their suite of workforce management applications improves resource scheduling/dispatching, work order management, real-time sales quoting, end-customer self-service, project time management, and more.
FieldConnect has a second-to-none customer service team that allows support issues to be heard immediately (instead of weeks or months). Their agile development process allows for continuous product improvement with customer feedback front and center with product enhancements. FieldConnect extends many ERP systems including (but not limited to): Microsoft Dynamics, Quickbooks, Vista by Viewpoint, Spectrum by Viewpoint (formerly Dexter+Chaney), Sage, and more.
"Service contractors are facing urgent challenges, from labor shortages and supply disruptions to rising costs and an uncertain economic outlook," said Aaron Salow, founder and CEO of XOi. "By partnering with FieldConnect, we're in position to deliver our technician-focused platform to the leading providers so they can effectively manage workflows and maximize service. When the industry collaborates like this, it creates solutions and opportunities that can transform the service business."
For more information about XOi, visit https://xoi.io.
About XOi Technologies
XOi Technologies, the leading provider of technician-first smart technology for commercial and residential field service companies, delivers innovative artificial intelligence-based solutions that empower field service teams to drive productivity, elevate customer experience and help close the skilled labor gap. Developed to meet the unique challenges of an industry traditionally underserved by technology, XOi equips field service professionals with groundbreaking technician-enablement tools, including remote support, visual documentation, immediate on-the-job insights and training resources, asset and team management functions, and a comprehensive knowledge base leveraging data from current and historical projects. With a proven record of innovation and demonstrated commitment to the hard-working men and women in the field service industries, XOi has distinguished itself as a pioneer in technician-focused solutions that bring efficiency, transparency, and expertise to every jobsite. For more information about XOi, visit https://xoi.io.
About FieldConnect
Since 2002, FieldConnect has provided mobile solutions designed around the needs of field service organizations. Learn more and request a demo at: https://www.fieldconnect.com/
MEDIA CONTACT:
Heather Ripley
Ripley PR
(865) 977-1973
hripley@ripleypr.com
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SOURCE XOi Technologies | https://www.kxii.com/prnewswire/2022/07/19/xoi-fieldconnect-integration-empowers-efficiency-productivity-field-service-providers/ | 2022-07-19T12:13:32Z |
PITTSBURGH, June 27, 2022 /PRNewswire/ -- PANTHERx Rare announces that it has been selected by Biocodex as their new exclusive U.S. pharmacy distribution partner for DIACOMIT® (stiripentol). DIACOMIT is a new molecular entity approved by the FDA in 2018 for the adjunctive treatment of seizures associated with Dravet syndrome in those 2 years of age and older taking clobazam. An orally administered antiseizure, DIACOMIT is given as either a capsule or powder for suspension.
Dravet syndrome, also known as Severe Myoclonic Epilepsy Infancy (SMEI), is a rare epileptic disorder typically diagnosed in infancy occurring in 1 in 15,700 individuals in the United States.1 It is often characterized by temperature-sensitive seizures and febrile seizures (seizures associated with fevers) that may be difficult to treat. The majority of infants with Dravet syndrome have a genetic mutation in the SCN1A gene, though the absence of this mutation does not exclude this diagnosis. Dravet syndrome is a lifelong disorder that can be associated with severe complications and decreased quality of life. The seizures associated with Dravet syndrome are often considered difficult to treat requiring patients to try multiple antiseizure medications. The mortality rate ranges from 3.7-17.5% with 15-61% of deaths attributed to sudden unexpected death in epilepsy (SUDEP).2
"PANTHERx is proud to partner with Biocodex to deliver DIACOMIT and tailored support services to patients living with Dravet syndrome. Our partnership will allow the Dravet syndrome community renewed hope for improved health outcomes," said Rob Snyder, President of PANTHERx. "We look forward to assisting the members of this rare patient population as they navigate their health journeys."
As the nation's leading rare pharmacy, PANTHERx utilizes the clinical expertise of our highly specialized RxARECARE® teams and our proprietary SWFT® technology system to address the specific needs of every patient we serve. PANTHERx is committed to improving care and outcomes for patients living with rare and complex conditions, impacting the lives of tens of thousands of patients served across the country. With 25+ uniquely customized programs, PANTHERx works to exceed the expectations of patients and pharmaceutical partners.
For more information about the symptoms, diagnosis, and treatment of Dravet syndrome, please click here.
PANTHERx Rare is one of the largest and fastest growing rare pharmacies in the United States. PANTHERx transforms lives by delivering medicine breakthroughs, clinical excellence, and access solutions to people living with rare and devastating conditions. Although the overall incidence of rare diseases is as common as diabetes, less than 7% of the 7,000 known rare and devastating disorders have an FDA-approved therapy. Changes in federal policy and advances in science have led to a surge in FDA orphan drug approvals, providing tremendous hope to the rare disease community.
PANTHERx was recently awarded Specialty Pharmacy of the Year by the National Association of Specialty Pharmacy (NASP) and earned the inaugural Accredited Distinction in Rare Diseases and Orphan Drugs from the Accreditation Commission for Health Care (ACHC). PANTHERx is a five-time winner of the prestigious MMIT Patient Choice Award, including the 2022 honor. PANTHERx is headquartered in Pittsburgh, Pennsylvania, licensed in all 50 states, and holds accreditations from URAC, NABP, and ACHC.
Sources
1. Wu, Yvonne W et al. "Incidence of Dravet Syndrome in a US Population." Pediatrics vol. 136,5 (2015): e1310-5. doi:10.1542/peds.2015-1807
2. Cooper, Monica S et al. "Mortality in Dravet syndrome." Epilepsy research vol. 128 (2016): 43-47. doi:10.1016/j.eplepsyres.2016.10.006
Contact:
Allyson Ayoob, Senior Marketing & Communications Specialist
855-726-8479 x 1142
aayoob@pantherxrare.com
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SOURCE PANTHERx Rare Pharmacy | https://www.mysuncoast.com/prnewswire/2022/06/27/pantherx-rare-announces-partnership-with-biocodex-distribution-diacomit-stiripentol-treatment-seizures-associated-with-dravet-syndrome-patients-2-years-age-older-taking-clobazam/ | 2022-06-27T16:13:20Z |
5 Michigan Republican candidates for governor may be ineligible to appear on ballot
By Fredreka Schouten, CNN
Five Republican candidates for Michigan governor could be deemed ineligible to appear on the primary ballot after the Michigan elections bureau found invalid signatures on their nomination petitions.
The development could scramble the fast-approaching primary on August 2 and winnow the crowded field of 10 Republicans jockeying for the nomination to take on Democratic Gov. Gretchen Whitmer.
The elections bureau staff found that two leading candidates — former Detroit Police Chief James Craig and businessman Perry Johnson — had too few valid signatures to qualify for the ballot. The bureau staff also recommended that three other GOP candidates be excluded from the ballot — Michael Brown, Donna Brandenburg and Michael Markey — for a similar reason.
A gubernatorial candidate in Michigan needs at least 15,000 valid signatures to qualify for the ballot.
Michigan’s Board of State Canvassers — made up of two Republicans and two Democrats — is slated to meet Thursday to decide whether to adopt the election bureau’s recommendations.
In a report released late Monday, elections bureau staff said they had identified 36 petition circulators who submitted at least 68,000 invalid signatures across multiple petition drives for various offices in what the report described as a widespread case of forgeries in signature gathering. The invalid signatures extended beyond those collected for gubernatorial candidates.
“The Bureau is unaware of another election cycle in which this many circulators submitted such a substantial volume of fraudulent petition sheets consisting of invalid signatures, nor an instance in which it affected as many candidate petitions as at present,” the report said.
The report said the agency “does not have reason to believe that any specific candidates or campaigns were aware of the activities of fraudulent-petition circulators.”
In a statement, Johnson called the state’s petition process “fatally flawed,” saying it “easily allows criminals to victimize candidates for public office and their thousands of supporters who legitimately sign petitions.”
Johnson said candidates need a way to compare signatures gathered by circulators with the official signatures on Michigan’s voter file.
The Michigan governor’s race, along with contests for state attorney general and secretary state, is expected to be competitive this fall, four years after Democrats swept all nonjudicial statewide offices.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/05/24/5-michigan-republican-candidates-for-governor-may-be-ineligible-to-appear-on-ballot/ | 2022-05-25T01:25:49Z |
Alaska Air Group delivers record-breaking second quarter 2022 results
Published: Jul. 21, 2022 at 5:00 AM CDT|Updated: 1 hour ago
Generated record quarterly revenues of $2.7 billion on improved operational performance; flew record load factor of 88% reflecting strong demand
SEATTLE, July 21, 2022 /PRNewswire/ -- Alaska Air Group (NYSE: ALK) today announced another quarter of improvement in its financial results for the second quarter ending June 30, 2022, and provided outlook for the third quarter ending Sept. 30, 2022.
"It's clear that travel is one of the things people have missed the most these past two years. They are excited to fly again and our team is delivering on the safe, reliable and caring experience they expect from us," said CEO Ben Minicucci. "Revenue in June topped $1 billion, the highest single month in our history. Our 14% adjusted pretax margin in Q2 is near the top of the industry, and our operation is on track in June with the #1 on-time performance and a schedule completion rate over 99%. I'm feeling so much gratitude for the people of Alaska, Horizon and McGee for pulling together. We have a strong platform for growth in 2023 and a lot to be optimistic about."
Financial Results for the Second Quarter:
Reported net income for the second quarter of 2022 under Generally Accepted Accounting Principles (GAAP) of $139 million, or $1.09 per share, compared to a net income of $397 million, or $3.13 per share, in the second quarter of 2021.
Reported net income for the second quarter of 2022, excluding special items and mark-to-market fuel hedge accounting adjustments, of $280 million, or $2.19 per share, compared to a net loss, excluding special items and mark-to-market fuel hedge accounting adjustments, of $38 million, or $0.30 per share, in the second quarter of 2021.
Reported adjusted pretax margin for the second quarter of 14%.
Recorded $2.7 billion in operating revenues for the second quarter, the highest revenue-generating quarter in company history.
Balance Sheet and Liquidity:
Generated $948 million in operating cash flow for the second quarter, inclusive of $231 million in net federal income tax refunds.
Held $3.4 billion in unrestricted cash and marketable securities as of June 30, 2022.
Maintained a debt-to-capitalization ratio of 50% as of June 30, 2022, within our target range of 40% to 50%.
Operational Updates and Milestones for the Second Quarter:
Flew a record load factor for the quarter of 88%, driven by high demand on reduced capacity.
Led the industry in on-time performance for the month of June, meeting our commitment to operational reliability.
Received nine Boeing 737-9 aircraft in the second quarter, bringing the total number of 737-9s in our mainline fleet to 28.
Ratified new contracts with Alaska Airlines dispatchers and Horizon Air aircraft technicians and fleet service agents; and reached a tentative agreement with Alaska Airlines IAM represented employees.
Expanded pilot training throughput by 20% from April, and added 100 active mainline pilots in the second quarter.
Began nonstop service to Miami and Cleveland from Seattle, bringing the total nonstop destinations served from Seattle to 100.
Launched $8 flat rate satellite Wi-Fi on mainline aircraft in partnership with Intelsat.
Awards and Employee Recognition:
Ranked as one of America's Best Employers for Diversity by Forbes, recognizing our commitment to increasing diverse leadership representation and equity initiatives.
Named the Best Major Airline in North America by the Airline Passenger Experience Association, highlighting Alaska's inflight experience.
Recognized the company's workforce for their relentless commitment to caring for our guests for 90 years by giving each employee 90,000 miles redeemable for travel anywhere in the world.
Second Quarter Environmental, Social and Governance Updates:
Released our 2021 Care Report, highlighting the company's progress in various environmental, social and governance areas and outlining ongoing initiatives and future goals.
Signed agreement with Aemetis to purchase 13 million gallons of sustainable aviation fuel to be delivered over the seven-year term of the agreement.
Subsequent to quarter end, announced a partnership with Microsoft and Twelve, a carbon transformation technology company, to advance the availability of sustainable aviation fuels.
Scored 100% in our first year participating in Disability:IN's Disability Equality Index, which benchmarks companies on their disability inclusion and equality.
The following table reconciles the company's reported GAAP net income (loss) per share (EPS) for the three and six months ended June 30, 2022, and 2021 to adjusted amounts.
Statistical data, as well as a reconciliation of the reported non-GAAP financial measures, can be found in the accompanying tables. A glossary of financial terms can be found on the last page of this release.
Alaska will hold its quarterly conference call to discuss second quarter results at 8:30 a.m. PDT on July 21, 2022. A webcast of the call is available to the public at www.alaskaair.com/investors. For those unable to listen to the live broadcast, a replay will be available after the call.
Third Quarter and Full Year 2022 Outlook
For full year 2022, we expect our capacity to be down 8% to 9% versus 2019, and expect our CASMex to be up 15% to 17% versus 2019. We continue to expect our full year adjusted pre-tax margin to be between 6% and 9%.
References in this update to "Air Group," "Company," "we," "us," and "our" refer to Alaska Air Group, Inc. and its subsidiaries, unless otherwise specified.
This news release may contain forward-looking statements subject to the safe harbor protection provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. These statements relate to future events and involve known and unknown risks and uncertainties that may cause actual outcomes to be materially different from those indicated by our forward-looking statements, assumptions or beliefs. For a comprehensive discussion of potential risk factors, see Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2021. Some of these risks include competition, labor costs, relations and availability, general economic conditions including those associated with pandemic recovery, increases in operating costs including fuel, inability to meet cost reduction, ESG and other strategic goals, seasonal fluctuations in demand and financial results, supply chain risks, events that negatively impact aviation safety and security, and changes in laws and regulations that impact our business. All of the forward-looking statements are qualified in their entirety by reference to the risk factors discussed in our most recent Form 10-K and in our subsequent SEC filings. We operate in a continually changing business environment, and new risk factors emerge from time to time. Management cannot predict such new risk factors, nor can it assess the impact, if any, of such new risk factors on our business or events described in any forward-looking statements. We expressly disclaim any obligation to publicly update or revise any forward-looking statements made today to conform them to actual results. Over time, our actual results, performance or achievements may differ from the anticipated results, performance or achievements that are expressed or implied by our forward-looking statements, assumptions or beliefs and such differences might be significant and materially adverse.
Alaska Airlines and our regional partners serve more than 120 destinations across the United States, Belize, Canada, Costa Rica and Mexico. We emphasize Next-Level Care for our guests, along with providing low fares, award-winning customer service and sustainability efforts. Alaska is a member of the oneworld global alliance. With the alliance and our additional airline partners, guests can travel to more than 1,000 destinations on more than 20 airlines while earning and redeeming miles on flights to locations around the world. Learn more about Alaska at news.alaskair.com. Alaska Airlines and Horizon Air are subsidiaries of Alaska Air Group (NYSE: ALK).
Given the unusual nature of 2021 and 2020, we believe that some analysis of specific financial and operational results compared to 2019 provides meaningful insight. The table below includes comparative results from 2022 to 2019.
Note A: Pursuant to Regulation G, we are providing reconciliations of reported non-GAAP financial measures to their most directly comparable financial measures reported on a GAAP basis. We believe that consideration of these non-GAAP financial measures may be important to investors for the following reasons:
By eliminating fuel expense and certain special items (including Payroll Support Program wage offset, fleet transition and related charges, and restructuring charges) from our unit metrics, we believe that we have better visibility into the results of operations. Our industry is highly competitive and is characterized by high fixed costs, so even a small reduction in non-fuel operating costs can result in a significant improvement in operating results. In addition, we believe that all domestic carriers are similarly impacted by changes in jet fuel costs over the long run, so it is important for management (and thus investors) to understand the impact of (and trends in) company-specific cost drivers such as labor rates and productivity, airport costs, maintenance costs, etc., which are more controllable by management.
Cost per ASM (CASM) excluding fuel and certain special items, such as Payroll Support Program wage offset, fleet transition and related charges, and restructuring charges, is one of the most important measures used by management and by the Air Group Board of Directors in assessing quarterly and annual cost performance.
Adjusted income before income tax (and other items as specified in our plan documents) is an important metric for the employee incentive plan, which covers the majority of Air Group employees.
CASM excluding fuel and certain special items is a measure commonly used by industry analysts, and we believe it is the basis by which they have historically compared our airline to others in the industry. The measure is also the subject of frequent questions from investors.
Disclosure of the individual impact of certain noted items provides investors the ability to measure and monitor performance both with and without these special items. We believe that disclosing the impact of these items as noted above. Industry analysts and investors consistently measure our performance without these items for better comparability between periods and among other airlines.
Although we disclose our passenger unit revenues, we do not (nor are we able to) evaluate unit revenues excluding the impact that changes in fuel costs have had on ticket prices. Fuel expense represents a large percentage of our total operating expenses. Fluctuations in fuel prices often drive changes in unit revenues in the mid-to-long term. Although we believe it is useful to evaluate non-fuel unit costs for the reasons noted above, we would caution readers of these financial statements not to place undue reliance on unit costs excluding fuel as a measure or predictor of future profitability because of the significant impact of fuel costs on our business.
GLOSSARY OF TERMS
Adjusted net debt - long-term debt, including current portion, plus capitalized operating leases, less cash and marketable securities
Adjusted net debt to EBITDAR - represents net adjusted debt divided by EBITDAR (trailing twelve months earnings before interest, taxes, depreciation, amortization, special items and rent)
Aircraft Utilization - block hours per day; this represents the average number of hours per day our aircraft are in transit
Aircraft Stage Length - represents the average miles flown per aircraft departure
ASMs - available seat miles, or "capacity"; represents total seats available across the fleet multiplied by the number of miles flown
CASM - operating costs per ASM, or "unit cost"; represents all operating expenses including fuel and special items
CASMex - operating costs excluding fuel and special items per ASM; this metric is used to help track progress toward reduction of non-fuel operating costs since fuel is largely out of our control
Debt-to-capitalization ratio - represents adjusted debt (long-term debt plus capitalized operating lease liabilities) divided by total equity plus adjusted debt
Diluted Earnings per Share - represents earnings per share (EPS) using fully diluted shares outstanding
Diluted Shares - represents the total number of shares that would be outstanding if all possible sources of conversion, such as stock options, were exercised
Economic Fuel - best estimate of the cash cost of fuel, net of the impact of our fuel-hedging program
Load Factor - RPMs as a percentage of ASMs; represents the number of available seats that were filled with paying passengers
Mainline - represents flying Boeing 737, Airbus 320 and Airbus 321neo family jets and all associated revenues and costs
Productivity - number of revenue passengers per full-time equivalent employee
RASM - operating revenue per ASMs, or "unit revenue"; operating revenue includes all passenger revenue, freight & mail, Mileage Plan and other ancillary revenue; represents the average total revenue for flying one seat one mile
Regional - represents capacity purchased by Alaska from Horizon and SkyWest. In this segment, Regional records actual on-board passenger revenue, less costs such as fuel, distribution costs, and payments made to Horizon and SkyWest under the respective capacity purchased arrangement (CPAs). Additionally, Regional includes an allocation of corporate overhead such as IT, finance, other administrative costs incurred by Alaska and on behalf of Horizon.
RPMs - revenue passenger miles, or "traffic"; represents the number of seats that were filled with paying passengers; one passenger traveling one mile is one RPM
Yield - passenger revenue per RPM; represents the average revenue for flying one passenger one mile
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.wibw.com/prnewswire/2022/07/21/alaska-air-group-delivers-record-breaking-second-quarter-2022-results/ | 2022-07-21T11:20:19Z |
ALBANY – A former U.S. Air Force servicemember previously stationed at Moody Air Force Base admitted he possessed child sexual assault materials resulting from a Project Safe Childhood case.
Ricardo Garcia, 25, of Valdosta, pleaded guilty to two counts of possession of child pornography before U.S. District Judge Louis Sands on April 26. Garcia faces a maximum of 20 years of imprisonment to be followed by five years to life of supervised release and a maximum $250,000 fine per count. In addition, Garcia will have to register as a sex offender upon his release from federal prison. There is no parole. Sentencing has been scheduled for July 26, at the federal courthouse in Albany.
“Downloading child sexual assault material is a hideous crime against the most innocent people in our society," U.S. Attorney Peter D. Leary. "Our office will pursue federal prosecution against these types of child predators.
"The successful outcome in this case — and others like it — is the direct result of a cohesive response from a mixture of caring citizens, responsible businesses, child advocacy groups, plus local, state and federal law enforcement. Rooting out child predators and bringing them to justice takes all of us.”
“This sentence sends the message to Garcia and others like him that relish in the horrific images of children being abused, that we are determined to find you and ensure you face justice,” Special Agent in Charge Katrina W. Berger, who oversees Homeland Security Investigations operations in Georgia and Alabama, said. “HSI and its law enforcement partners are committed to protecting our most vulnerable population from exploitation.”
According to court documents and evidence submitted in court, the Lowndes County Sheriff’s Office received a tip from the National Center for Missing and Exploited Children via the Georgia Bureau of Investigation Internet Crimes Against Children Task Force in August 2020. The tip revealed Dropbox Inc. captured an upload of two child pornography videos, which an investigation ultimately revealed belonged to Garcia.
A search warrant was executed at Garcia’s Valdosta apartment on Sept. 11, 2020, and a number of electronic devices were seized. A forensic investigation found Garcia’s Dropbox contained approximately 15,000 images and 40 videos of child sexual assault material. The images contained child victims including infants, toddlers, prepubescent and teens. They also contained bondage, bestiality and sodomy.
This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse, launched in May 2006 by the Department of Justice. For more information about Project Safe Childhood, visit www.projectsafechildhood.gov.
The case was investigated by the U.S. Department of Homeland Security with assistance from the Lowndes County Sheriff’s Office, GBI and the National Center for Missing and Exploited Children. Assistant U.S. Attorney Katelyn Semales is prosecuting the case. | https://www.albanyherald.com/news/former-georgia-airman-pleads-guilty-to-possessing-child-sexual-assault-images/article_06ac3d34-c663-11ec-87e3-23e30dd0de27.html | 2022-04-28T00:29:53Z |
ST. LOUIS, Aug. 1, 2022 /PRNewswire/ -- Centene Corporation (NYSE: CNC) ("Centene" or the "Company") announced that it has filed a preliminary proxy statement with the Securities and Exchange Commission in connection with a special stockholders meeting to approve amendments to Centene's Amended and Restated Certificate of Incorporation to enhance the Company's corporate governance. The proposed amendments include immediately declassifying the Board so that the terms of all of the Company's current directors will end at the 2023 Annual Meeting of Stockholders and all director nominees will stand for election annually, removing the current prohibition on stockholders calling special meetings and, subject to certain terms and conditions, permitting stockholders to act by written consent. The Company currently plans to hold the special meeting late in the third quarter or early fourth quarter of this year.
In connection with approving these proposed amendments, Centene's Board of Directors approved an amendment to the Company's Amended and Restated By-Laws to permit stockholders holding at least 10% of the outstanding shares of our common stock to call a special meeting, subject to certain terms and conditions. The effectiveness of this amendment is contingent on stockholder approval of the proposed amendment to the Amended and Restated Certificate of Incorporation to remove the prohibition on stockholders calling special meetings.
Additionally, James Dallas, Chairman of the Board, has informed the Board that he plans to oversee the implementation of the proposed amendments and then will step down as Chairman of the Board by the 2023 Annual Meeting of Stockholders. Subsequently, Mr. Dallas will remain a director of the Company, and with passage of the declassification amendment, intends to stand for reelection as a director in 2023.
"We are very grateful to James Dallas for guiding the Centene Board of Directors through a significant evolution of the Company's governance structure over the course of 2022," said Sarah London, Chief Executive Officer of Centene. "With the announcement of our special meeting later this year, the Centene Board is demonstrating its further commitment to enhancing our governance structure for the benefit of all shareholders. James' support and leadership has been instrumental in prioritizing and executing on this important work."
About Centene Corporation
Centene Corporation, a Fortune 500 company, is a leading healthcare enterprise that is committed to helping people live healthier lives. The Company takes a local approach – with local brands and local teams – to provide fully integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Centene offers affordable and high-quality products to nearly 1 in 15 individuals across the nation, including Medicaid and Medicare members (including Medicare Prescription Drug Plans) as well as individuals and families served by the Health Insurance Marketplace, the TRICARE program, and individuals in correctional facilities. The Company also serves several international markets, and contracts with other healthcare and commercial organizations to provide a variety of specialty services focused on treating the whole person. Centene focuses on long-term growth and value creation as well as the development of its people, systems, and capabilities so that it can better serve its members, providers, local communities, and government partners.
Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, https://investors.centene.com/.
Forward-Looking Statements
All statements, other than statements of current or historical fact, contained in this press release are forward-looking statements. Without limiting the foregoing, forward-looking statements often use words such as "believe," "anticipate," "plan," "expect," "estimate," "intend," "seek," "target," "goal," "may," "will," "would," "could," "should," "can," "continue" and other similar words or expressions (and the negative thereof). Centene (the Company, our, or we) intends such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we are including this statement for purposes of complying with these safe-harbor provisions. In particular, these statements include, without limitation, statements about our future operating or financial performance, market opportunity, value creation strategy, competition, expected activities in connection with completed and future acquisitions and dispositions, including statements about the impact of our recently completed acquisition of Magellan Health, Inc. (the Magellan Acquisition), other recent and future acquisitions and dispositions, our investments and the adequacy of our available cash resources. These forward-looking statements reflect our current views with respect to future events and are based on numerous assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions, business strategies, operating environments, future developments and other factors we believe appropriate. By their nature, forward-looking statements involve known and unknown risks and uncertainties and are subject to change because they relate to events and depend on circumstances that will occur in the future, including economic, regulatory, competitive and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions. All forward-looking statements included in this press release are based on information available to us on the date hereof. Except as may be otherwise required by law, we undertake no obligation to update or revise the forward-looking statements included in this press release, whether as a result of new information, future events or otherwise, after the date hereof. You should not place undue reliance on any forward-looking statements, as actual results may differ materially from projections, estimates, or other forward-looking statements due to a variety of important factors, variables and events including, but not limited to: our ability to accurately predict and effectively manage health benefits and other operating expenses and reserves, including fluctuations in medical utilization rates due to the ongoing impact of COVID-19; the risk that the election of new directors, changes in senior management, and any inability to retain key personnel may create uncertainty or negatively impact our ability to execute quickly and effectively; uncertainty as to the expected financial performance of the combined company following the recent completion of the Magellan Acquisition; the possibility that the expected synergies and value creation from the Magellan Acquisition or the acquisition of WellCare Health Plans, Inc. (the WellCare Acquisition) or other acquired businesses will not be realized, or will not be realized within the respective expected time periods; disruption from the integration of the Magellan Acquisition or the WellCare Acquisition, unexpected costs, or similar risks from other acquisitions or dispositions we may announce or complete from time to time, including potential adverse reactions or changes to business relationships with customers, employees, suppliers or regulators, making it more difficult to maintain business and operational relationships; the risk that the closing conditions, including applicable regulatory approvals, for the pending dispositions of Magellan Rx and our Spanish and Central European businesses, may be delayed or not obtained; impairments to real estate, investments, goodwill and intangible assets; a downgrade of the credit rating of our indebtedness; competition; membership and revenue declines or unexpected trends; changes in healthcare practices, new technologies, and advances in medicine; increased healthcare costs; changes in economic, political or market conditions; changes in federal or state laws or regulations, including changes with respect to income tax reform or government healthcare programs as well as changes with respect to the Patient Protection and Affordable Care Act and the Health Care and Education Affordability Reconciliation Act (collectively referred to as the ACA) and any regulations enacted thereunder that may result from changing political conditions, the new administration or judicial actions; rate cuts or other payment reductions or delays by governmental payors and other risks and uncertainties affecting our government businesses; our ability to adequately price products; tax matters; disasters or major epidemics; changes in expected contract start dates; provider, state, federal, foreign and other contract changes and timing of regulatory approval of contracts; the expiration, suspension, or termination of our contracts with federal or state governments (including, but not limited to, Medicaid, Medicare, TRICARE or other customers); the difficulty of predicting the timing or outcome of legal or regulatory proceedings or matters, including, but not limited to, our ability to resolve claims and/or allegations made by states with regard to past practices, including at Envolve Pharmacy Solutions, Inc. (Envolve), as our pharmacy benefits manager (PBM) subsidiary, within the reserve estimate we recorded in 2021 and on other acceptable terms, or at all, or whether additional claims, reviews or investigations relating to our PBM business will be brought by states, the federal government or shareholder litigants, or government investigations; the timing and extent of benefits from strategic value creation initiatives, including the possibility that these initiatives will not be successful, or will not be realized within the expected time periods; challenges to our contract awards; cyber-attacks or other privacy or data security incidents; the exertion of management's time and our resources, and other expenses incurred and business changes required in connection with complying with the undertakings in connection with any regulatory, governmental or third party consents or approvals for acquisitions or dispositions; any changes in expected closing dates, estimated purchase price and accretion for acquisitions or dispositions; restrictions and limitations in connection with our indebtedness; our ability to maintain or achieve improvement in the Centers for Medicare and Medicaid Services (CMS) Star ratings and maintain or achieve improvement in other quality scores in each case that can impact revenue and future growth; the availability of debt and equity financing on terms that are favorable to us; inflation; foreign currency fluctuations; and risks and uncertainties discussed in the reports that Centene has filed with the Securities and Exchange Commission. This list of important factors is not intended to be exhaustive. We discuss certain of these matters more fully, as well as certain other factors that may affect our business operations, financial condition and results of operations, in our filings with the Securities and Exchange Commission (SEC), including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Due to these important factors and risks, we cannot give assurances with respect to our future performance, including without limitation our ability to maintain adequate premium levels or our ability to control our future medical and selling, general and administrative costs.
ADDITIONAL INFORMATION
On August 1, 2022, the Company filed with the U.S. Securities and Exchange Commission (the "SEC") a preliminary proxy statement in connection with the Special Meeting of Stockholders (the "Special Meeting"). Prior to the Special Meeting, the Company will furnish a definitive proxy statement to its stockholders, together with a proxy card. STOCKHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE COMPANY WILL FILE WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders will be able to obtain, free of charge, copies of the proxy statement (in preliminary and definitive form), any amendments or supplements thereto and any other documents when filed by the Company with the SEC in connection with the Special Meeting at the SEC's website (http://www.sec.gov), at the Company's website (http://www.centene.com/).
CERTAIN INFORMATION REGARDING PARTICIPANTS
The Company, its directors and certain of its executive officers and other employees may be deemed to be participants in the solicitation of proxies from stockholders in connection with the Special Meeting. Additional information regarding the identity of these potential participants and their direct or indirect interests, by security holdings or otherwise, is set forth in the preliminary proxy statement for the Special Meeting and other materials to be filed with the SEC in connection with the Special Meeting. Information relating to the foregoing can also be found in the Company's Proxy Statement for its 2022 Annual Meeting of Stockholders, filed with the SEC on March 11, 2022, and in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC on February 22, 2022. You may obtain free copies of these documents using the sources indicated above.
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SOURCE Centene Corporation | https://www.wibw.com/prnewswire/2022/08/01/centene-files-preliminary-proxy-statement-special-meeting-propose-enhanced-corporate-governance-provisions/ | 2022-08-01T20:55:03Z |
Team of 50 individuals living with type 1 diabetes will raise awareness and funds for their chronic illness
SAN MATEO, Calif., Aug. 3, 2022 /PRNewswire/ -- Going the extra mile this year, global diabetes nonprofit Beyond Type 1 was named an Official Charity Partner for the 2022 TCS New York City Marathon, taking place on November 6. Beyond Type 1 will be among the 500 official charity partners providing thousands of runners the opportunity to run in the world's most popular marathon.
This year's Beyond Type Run team includes nearly 50 runners across the United States, Canada, Ecuador and Australia, who are raising awareness and funds for type 1 diabetes as ambassadors for Beyond Type 1, showcasing how they live beyond their diagnoses and supporting crucial efforts and programs for others affected by this condition. First-time Marathon Runner Kyle Banks, known for his tour with the Broadway cast of The Lion King, is the team captain.
"The Beyond Type Run team displays the ultimate resilience and strength as they run the marathon. If it weren't for the team jerseys or the technology attached to their bodies, you'd never know they were living with a chronic illness," said Beyond Type 1 CEO Deborah Dugan. "We are grateful to them for helping us raise awareness, and we thank all of our sponsors for their generous support and donations to the team."
Dexcom and Tandem Diabetes Care are presenting sponsors of the team and provide the revolutionary diabetes technologies that work in collaboration with one another to help the runners manage their health. The marathon runners who are using a Dexcom continuous glucose monitor and a Tandem Diabetes Care insulin pump can monitor their glucose levels and dose the proper amount of insulin without fingersticks and insulin shots – helping them spend more time in their target glucose range and keeping their focus on competing at their best.
Additional sponsors include Asics, Rhone, Senita Athletics and egglife® egg white wraps.
Since 2017, Beyond Type 1 has had roughly 150 people with type 1 diabetes run the TCS New York City Marathon through the New York Road Runners (NYRR) Official Charity Partner Program.
"The TCS New York City Marathon serves as one of the world's largest fundraising platforms supporting hundreds of charities and philanthropic efforts," said Christine Burke, Senior VP of Strategic Partnerships, NYRR. "We are very proud to support Beyond Type 1 and the incredible impact they have made to the diabetes community as they raise important funds to support people with diabetes."
The NYRR Official Charity Partner Program offers an opportunity for nonprofit organizations to raise funds to support their missions and services. Participating charities can offer guaranteed entry to runners who fundraise on their behalf.
Since its inception in 2006, the TCS New York City Marathon Official Charity Partner Program has raised more than $400 million for more than 1,000 worthy nonprofit organizations across the globe. Prior to the start of the official program, the New York City Marathon had served as an outlet for individual philanthropic runners since the 1980s.
To learn more about the 2022 Beyond Type Run team, click here.
To learn more about Beyond Type 1, visit beyondtype1.org.
Beyond Type 1 is a nonprofit organization changing what it means to live with diabetes. By leveraging the power of social media and technology, Beyond Type 1 empowers people to both live well today and support a better tomorrow. Through peer support programs, global campaigns, and digital platforms, Beyond Type 1 is uniting the global diabetes community across all types of diabetes, helping to change what it means to live with chronic illness. To learn more, visit beyondtype1.org.
NYRR's mission is to help and inspire people through running. Since 1958, New York Road Runners has grown from a local running club to the world's premier community running organization. NYRR's commitment to New York City's five boroughs features races, virtual races, community events, free youth running initiatives and school programs, the NYRR RUNCENTER featuring the New Balance Run Hub, and training resources that provide hundreds of thousands of people each year with the motivation, know-how, and opportunity to Run for Life. NYRR's premier event, and the largest marathon in the world, is the TCS New York City Marathon. Held annually on the first Sunday in November, the race features a wide population of runners, from the world's top professional athletes to a vast range of competitive, recreational, and charity runners. To learn more, visit www.nyrr.org.
Kim Pace
kim@beyondtype1.org
817-308-5251
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SOURCE Beyond Type 1 | https://www.kxii.com/prnewswire/2022/08/03/beyond-type-1-ready-go-distance-2022-tcs-new-york-city-marathon/ | 2022-08-03T18:18:46Z |
Mets’ Lindor bailed out by Alonso, wins it in 10th vs Giants
By JAKE SEINER
AP Baseball Writer
NEW YORK (AP) — Francisco Lindor lined a walk-off single in the 10th after a big stretch by Pete Alonso bailed out him and the Mets in the top of the inning, and New York beat the San Francisco Giants 5-4 to open a doubleheader. Lindor ripped a clean single to center against Jarlín García, scoring automatic runner Brandon Nimmo from third. He was mobbed by teammates in the infield, with Alonso trying to rip off his uniform. A half-inning earlier, Lindor’s throw on Thairo Estrada’s grounder pulled Alonso off the bag, apparently allowing Brandon Belt to score from third with two outs. Replays showed Alonso just barely held the base. | https://localnews8.com/sports/ap-national-sports/2022/04/19/mets-lindor-bailed-out-by-alonso-wins-it-in-10th-vs-giants/ | 2022-04-20T01:57:08Z |
Which Space Jam toy is best?
In 1996, famous basketball player Michael Jordan starred in an animated and live-action sports comedy film called Space Jam. In the film, Jordan is recruited by the characters from Looney Toons to help them play a basketball game against aliens who will enslave them if they lose.
In 2021, the Warner Brothers studio produced a film sequel starring LeBron James, a famous basketball player of today. If you’re looking for the latest in Space Jam action figures, take a look at the Space Jam: A New Legacy Super Shoot and Dunk LeBron James Action Figure.
What to know before you buy a Space Jam toy
Space Jam expanded into a media franchise that includes video games, pinball machines, comic books, toys, action figures and basketball-themed clothing and merchandise. Here is a quick look at the world of Space Jam. There are toys available from the 1996 Space Jam film featuring Michael Jordan and from the 2021 Space Jam film, “A New Legacy”, starring LeBron James.
Basketballers
LeBron James and Michael Jordan are the two favorite Space Jam characters because they are two of the most famous real-life basketball players in the world. Your child will likely favor one over the other.
The Tune Squad
The Space Jam teams led by Michael and LeBron included Bugs Bunny, Elmer Fudd, Sylvester, Tweety Bird, Porky Pig and Daffy Duck. Road Runner, Wile E. Coyote, Yosemite Sam, Lola Bunny, Sniffles, Tasmanian Devil, Foghorn Leghorn, Pepe LePew, Beaky Buzzard, Speedy Gonzales and an unnamed Barnyard Dog also make appearances.
The Goon Squad
This bunch is cruel, unfair and are a bunch of cheaters.
- White Mamba is a female snake who uses her coils to restrain her opponents.
- Wet Fire shoots fire and water at his opponents and uses his powers to turn into a puddle to get away from the Tunes.
- The Brow is a dark blue bird-like man who uses his feathers as fingers and sees Tweety as his rival.
- Arachnneka is a red mutant spider with four legs. She uses her web powers to beat up LeBron.
- Chronos is a robot that looks like a giant clock and is faster than the Roadrunner.
Soft toys
The main characters of Space Jam are available in plush toys and soft dog toys. Most are 9-10 inches tall and you can choose from Daffy Duck, Bugs Bunny, Lola Bunny, Tweety Bird, Tasmanian Devil and a LeBron James stretchy, goo-filled action figure.
What to look for in a quality Space Jam toy
Extras
Look for the ACME Rocket Pack 4000 and the ACME B-Ball Blocker. Also, look for Bugs Bunny’s ACME Blaster 3000 and Marvin the Martian’s spaceship.
Space Jam Party Favor Bags: These are a great choice for giving Space Jam gifts at parties.
Space Jam Connect 4 Shots: This is the Space Jam version of the vertical Connect 4 games. This time the Tune Squad plays the Goon Squad to be the first to score four basketballs in a row.
Space Jam: A New Legacy Edition Shoot Hoops Monopoly Game: The game board features characters from the film and kids recruit Looney Tunes characters to take shots at the basket with the ball launcher.
How much you can expect to spend on a Space Jam toy
There are plenty of Space Jam action figures and plush toys that sell for under $25. From $25-$50 you will find lots of playsets, games, accessories, special editions and collections of toy figures.
Space Jam toy FAQ
Why do kids get so excited about Space Jam?
A. The movies mix real-life basketball stars teaming up with favorite Warner Brothers characters from Toon World. What could be more exciting than watching heroes defeat aliens in the world’s most dramatic basketball game and rescue their kidnapped friends?
Is there a Space Jam soundtrack?
A. Yes, there is. The Space Jam Legacy original motion picture soundtrack includes tunes by Lil Wayne, John Legend, Salt-N-Pepa, the Jonas Brothers, Anthony Ramos and a dozen more.
What’s the best Space Jam toy to buy?
Top Space Jam toy
Space Jam: A New Legacy Super Shoot and Dunk LeBron James Action Figure
What you need to know: Bring all the on-court action with the newest Space Jam hero, LeBron James.
What you’ll love: Place the ball in LeBron’s hand and recreate his famous slam dunk by launching him into the air from the battery-operated launcher. When he reaches the rim, LeBron slam dunks the ball right through the hoop. LeBron shoots from deep, too, when you place the ball in his hand, pull his arm back and let it fly to the basket. This action figure includes a hoop with a built-in scoreboard, so you can keep score when you challenge your friends to dunking and shooting contests.
What you should consider: According to the manufacturer, this Space Jam toy is for kids from 4-15 years old.
Where to buy: Sold by Amazon.
Top Space Jam toy for the money
Space Jam New Legacy 10 Pack of Mini Figures
What you need to know: Each of these collectible figures stands on its own feet.
What you’ll love: You get characters from the Tune Squad (LeBron James, Bugs Bunny, Daffy Duck and more) and the Goon Squad (White Mamba, Arachnneka, Wet-Fire and more), all appearing in the new digital-age Space Jam film starring LeBron James.
What you should consider: There are 10 mini-figures in each pack picked from 22 possible characters, and you can’t tell which ones you got until you open the package.
Where to buy: Sold by Amazon.
Worth checking out
LeBron James Space Jam Action Hero
What you need to know: Pose LeBron James in 20 different positions with this 8-inch-tall action figure from “Space Jam: A New Legacy.”
What you’ll love: LeBron’s #6 Tune Squad uniform jersey and shorts are made of real fabric. This Space Jam toy comes with a magnetic basketball and four pairs of replaceable hands for doing different things. You get two choices of head sculpts: one regular and one smiling.
What you should consider: This Space Jam toy is recommended for kids aged 15 and older.
Where to buy: Sold by Amazon.
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/toys-games-br/theme-toys-br/best-space-jam-toy/ | 2022-06-12T11:28:39Z |
WOODLAND HILLS, Calif., June 13, 2022 /PRNewswire/ -- Input 1 today announced that Stonemark, Inc., the insurance industry's leading premium financing company, has selected Input 1's payment platform to process digital payments.
"Stonemark is recognized throughout the industry for its client-centric approach and commitment to service," said Chris Farfaras, Executive Vice President, Input 1. "We are pleased to deliver a solution that meets their rigorous standards for operational excellence."
A longtime software solutions client of Input 1, Stonemark sought a solution that would upgrade the company's payment collection capabilities, drive custom adoption, and seamlessly integrate into its existing systems. Input 1 Payments was selected for its simple, convenient, and secure design, coupled with a pricing model that eliminates set-up fees and monthly maintenance costs. Input 1 also provides automated payment notifications and payment channels such as text, email, mobile, and IVR.
"Stonemark chose the Input 1 Payments solution for its ease-of-use and service expectations," said Elizabeth Davies, President of Stonemark. "We have built our reputation on providing a world-class customer experience -- Input 1 Payments easily integrated with our existing system, simplifying our back-office operations and driving bottom-line growth."
Founded in 1983, Stonemark, Inc., an H.W. Kaufman Group company, is a full-service premium finance company specializing in Commercial and Personal lines. The company provides superior insurance premium financing services for the property and casualty agent, broker, and borrower/insured throughout the United States and Canada. More information can be found at stonemarkinc.com.
Since 1984, Input 1 has provided digital billing and payment solutions to insurance carriers, MGAs, banks, agencies, and premium finance companies located throughout North America. The company's insurance software and cloud billing and payment solutions provide online access to more than one million agents, brokers, and policyholders annually.
Media Contact:
Input 1 | Marketing Department
888-882-2554 x2135
information@input1.com
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SOURCE Input 1 | https://www.kxii.com/prnewswire/2022/06/13/stonemark-selects-input-1s-digital-payments-platform/ | 2022-06-13T15:32:12Z |
NEW YORK, Aug. 9, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Molecular Partners AG (NASDAQ: MOLN) alleging that the Company violated federal securities laws.
This lawsuit is on behalf of a class consisting of persons and entities that purchased or otherwise acquired: (a) Molecular Partners American Depositary Shares pursuant and/or traceable to certain documents issued in connection with the Company's initial public offering conducted on or about June 16, 2021; and/or (b) Molecular Partners securities between June 16, 2021, and April 26, 2022.
Lead Plaintiff Deadline: September 12, 2022
No obligation or cost to you.
Learn more about your recoverable losses in MOLN:
https://www.kleinstocklaw.com/pslra-1/class-action-molecular-partners-ag-loss-submission-form?id=30648&from=4
CLASS ACTION CASE DETAILS: The filed complaint alleges that Molecular Partners AG made materially false and/or misleading statements and/or failed to disclose that: (i) the Company's product, ensovibep, was less effective at treating COVID-19 than defendants had led investors to believe; that (ii) accordingly, the the U.S. Food and Drug Administration ("FDA") was reasonably likely to require an additional Phase 3 study of ensovibep before granting the drug Emergency Use Authorization ("EUA"); (iii) waning global rates of COVID-19 significantly reduced the Company's chances of securing EUA for ensovibep; (iv) another of the Company's product candidates, MP0310, was less attractive to Molecular Partners' collaborator, Amgen, than defendants had led investors to believe; (v) accordingly, there was a significant likelihood that Amgen would return to global rights of MP0310 to Molecular Partners; (vi) as a result of all the foregoing, the clinical and commercial prospects of ensovibep and MP0310 were overstated; and (vii) as a result, documents issues in connection with the Company's initial public offer and defendants' public statements throughout the class period were materially false and/or misleading and failed to state information required to be stated therein.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Molecular Partners you have until September 12, 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 Molecular Partners 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 MOLN lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/class-action-molecular-partners-ag-loss-submission-form?id=30648&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.mysuncoast.com/prnewswire/2022/08/09/moln-alert-klein-law-firm-announces-lead-plaintiff-deadline-september-12-2022-class-action-filed-behalf-molecular-partners-ag-shareholders/ | 2022-08-09T18:17:06Z |
Lucky recipient will receive $2,500 to fuel their adventure and be outfitted in the brand's latest styles
TEMPE, Ariz., July 5, 2022 /PRNewswire/ -- Comfortwear manufacturer Sportiqe today announced the formation of the Roam Grant Program, designed to help individuals roam far beyond their normal boundaries and to explore places both charted and uncharted. Prospective grant recipients are asked to submit an application outlining their dream adventure, and Sportiqe will make one lucky person's dream a reality with a $2,500 grant and the latest styles from the brand to help them "Roam in Comfort". Whether it's strolling a white sand beach, discovering a tropical waterfall, or climbing a mountain – whatever captures their imagination.
The application period is officially open – individuals interested in applying can simply head to https://sportiqe.com/pages/roam-grant-program. The deadline to submit for a 2022 Roam Grant is August 30th, 2022, and the recipient will be announced on October 1st, 2022. Applicants must be 21 years or older and be willing to share photos and videos from their exciting adventure with Sportiqe. The full terms and conditions are available with the application.
"The inspiration for our Roam Grant comes from our brand ethos of 'Roam in Comfort' – we wanted to help inspire individuals to get out there and see something they've always imagined but never had the chance to make reality," said Sportiqe co-founder and CEO Matt Altman.
"Adventure means different things to different people – and that's why we want to encourage everyone to dream big when submitting," added Sportiqe co-founder Jason Franklin. "We're looking for someone that not only has an audacious trip in mind, but also embodies the spirit of Sportiqe."
To learn more about the Roam Grant Program and apply, please visit https://sportiqe.com/pages/roam-grant-program. For additional information on Sportiqe and their apparel, go to www.sportiqe.com. Businesses interested in incorporating styles into their apparel can find information at www.sportiqewholesale.com.
Sportiqe was born in 2006 when co-founders, Jason Franklin and Matt Altman, saw a need for on-trend, premium apparel in the destination retail space that would also inspire people to "Roam in Comfort" (the company's tagline). Headquartered in Tempe, Arizona, Sportiqe is a global, Modern American Comfort Brand, and is committed to delivering elevated basics using premium fabrics, innovative on-trend designs and fashionable fits that look good, feel good, and provide superior comfort. Sportiqe has outfitted more than five million people, partnering with the most recognizable brands worldwide, such as the NBA, Trek Bikes, Nintendo, Warner Bros, LiveNation, Dave Matthews Band, and many others. All Sportiqe apparel is backed by their 100% Comfort Guarantee. For more information, go to: www.sportiqe.com.
CONTACT:
Marlon LeWinter
NRGized Media
516.982.1196
marlon@nrgizedmedia.com
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SOURCE Sportiqe Apparel Co. | https://www.wibw.com/prnewswire/2022/07/05/sportiqe-announces-roam-grant-program-help-inspire-individuals-roam-comfort/ | 2022-07-05T14:45:59Z |
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