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RADNOR, Pa., April 2, 2022 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Electric Last Mile Solutions, Inc. ("Electric Last Mile") (NASDAQ: ELMS) f/k/a Forum Merger III Corp. (NASDAQ: FIII). The action charges Electric Last Mile with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of Electric Last Mile's materially misleading statements to the public, Electric Last Mile investors have suffered significant losses.
Kessler Topaz is one of the world's foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.
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CLICK HERE TO SUBMIT YOUR ELECTRIC LAST MILE LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/elms-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=elms
LEAD PLAINTIFF DEADLINE: April 4, 2022
CLASS PERIOD: March 31, 2021 through February 1, 2022
CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
James Maro, Esq. (484) 270-1453 or Email at info@ktmc.com
ELECTRIC LAST MILE'S ALLEGED MISCONDUCT
Electric Last Mile is a commercial electric vehicle solutions company that focuses on designing, engineering, manufacturing, and customizing electric delivery and utility vehicles.
On February 1, 2022, after regular market trading hours, Electric Last Mile revealed that its previously issued financial statements should no longer be relied upon as the company would be restating its previously issued financial statements from August 20, 2020 (inception) through December 31, 2020, including statements in Electric Last Mile's registration statement. Electric Last Mile also announced the resignations of defendants James Taylor and Jason Luo, the company's co-founders and CEO and Executive Chairman, respectively. In addressing their resignations, Electric Last Mile revealed that following an investigation by a Special Committee of the Board of Directors into "certain sales of equity securities" made by and to individuals associated with the company, Electric Last Mile determined that in November and December 2020, certain executives purchased equity in the company "at substantial discounts to market value" without any independent valuation.
Following this news, Electric Last Mile's share price fell $2.88 per share, or 51%, to close at $2.71 per share on February 2, 2022.
WHAT CAN I DO?
Electric Last Mile investors may, no later than April 4, 2022 seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages Electric Last Mile investors who have suffered significant losses to contact the firm directly to acquire more information.
CLICK HERE TO SIGN UP FOR THE CASE
WHO CAN BE A LEAD PLAINTIFF?
A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. At the end of the day, we have succeeded if the bad guys pay up, and if you recover your assets. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 King of Prussia Road
Radnor, PA 19087
(484) 270-1453
info@ktmc.com
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SOURCE Kessler Topaz Meltzer & Check, LLP | https://www.kxii.com/prnewswire/2022/04/02/deadline-reminder-kessler-topaz-meltzer-amp-check-llp-reminds-electric-last-mile-solutions-inc-elms-investors-with-substantial-losses-contact-firm/ | 2022-04-03T13:52:41Z |
Caroline Wynne to lead the continuous development of marketing strategies for the organization
IRVINE, Calif. , July 20, 2022 /PRNewswire/ -- MIND Research Institute (MIND) has hired Caroline Wynne as Vice President of Engagement to lead marketing strategies and brand awareness. Wynne brings more than 17 years of marketing experience to the role.
At MIND, Wynne will be responsible for managing the organization's marketing plans and activities that promote and enhance the organization's initiatives, which include the visual instructional ST Math® program, the MathMINDs initiative, which brings math out of the classroom, as well as future research and development projects.
"We are excited to have Caroline join the MIND team," said Jim Kirchner, Chief Revenue Officer of MIND. "I appreciate her passion and look forward to the fresh perspective that her vast marketing experience will bring to our engagement efforts."
Wynne has spent most of her marketing career at edtech organizations working closely with K-12 school districts and state departments of education. Most recently, she built and led a successful marketing team at Lexia Learning. Previously, as a marketing leader at Voyager Sopris and Performance Matters, she launched new edtech products, acted as a brand steward, implemented impactful thought leadership programs, and managed customer communications.
"MIND has a unique opportunity to prepare all students to solve the world's most challenging problems," said Wynne. "I'm excited to be a part of the collaborative leadership team and I look forward to leading the engagement team as we scale our impact towards accomplishing the mission."
Wynne holds a Bachelor of Arts in business marketing from Queens University of Charlotte.
MIND Research Institute is a neuroscience and education social impact organization dedicated to ensuring that all students are mathematically equipped to solve the world's most challenging problems. MIND is the creator of ST Math®, a PreK-8 visual instructional program that leverages the brain's innate spatial-temporal reasoning ability to solve mathematical problems. ST Math's unique, patented approach provides students with equitable access to learning through challenging puzzles, non-routine problem solving, and informative feedback. Visit mindresearch.org.
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SOURCE MIND Research Institute | https://www.wibw.com/prnewswire/2022/07/20/mind-research-institute-announces-new-vice-president-engagement/ | 2022-07-20T17:06:03Z |
Missouri man hopes to find, thank first responders after being rescued from flood
By Shoshana Stahl
Click here for updates on this story
ST. PETERS, Missouri (KMOV) — This week’s heavy rain and flooding across the Metro left many stranded in their vehicles, begging for a rescue. Fire departments all over responded to the calls, saving people’s lives.
Debris is covering the fence and bridge on Mexico Road in St. Peters by Spencer Creek. Flooding brought the creek water so high that it covered parts of the road.
St. Peters resident Bruce Dwyer takes the drive down Mexico Road daily for his job at Menards. On his drive into work at 4:30 am on Tuesday, the street was dark and it was hard to see just how much water covered the road.
“It’s something I don’t wish on anybody,” Dwyer says. “That water came over that road so fast.”
Dwyer says he didn’t realize until it was too late.
“I said I don’t know, I don’t like this,” Dwyer says. “I put it in reverse. By that time, a rush of water must’ve came. It picked up the back of the truck and within seconds, the truck’s floating.”
Dwyer says his car quickly began to be carried away by the flood water. That’s when he called 911 and dispatchers told Dwyer he needed to find a way out of the car.
“I said you need to contact my wife because I thought I was gonna die,” Dwyer says.
Luckily, he remembered he had towing equipment under the backseat of his truck, allowing him to bust open a window and get out.
Dwyer sat on top of his car while he waited for rescue crews to come.
“I need to thank the 911 guy and that rescue guy who risked his life to come get me,” Dwyer says. “911 was able to pinpoint my location to where the rescue guys knew where to put in to come get me.”
For firefighters, it’s all part of the job.
The Maplewood Fire Department says it took nearly 30 calls for water rescues on Tuesday.
Assistant Chief Matt Wilcox says the department’s yearly training prepares them for events like this.
“If you have to get somebody out of a car, you review how to get them out safely,” Assistant Chief Wilcox says. “How to take a PFD to them. How to make access to the car. How to safely get them out of the car and back to shore.”
Because of the training, crews were able to save the lives of those community members. Assistant Chief Wilcox says that included him jumping into floodwater to save a woman in Maplewood who tried to drive through it.
“As we were pulling her out, the car became overcome with water and started to sink,” Assistant Chief Wilcox says. “We were able to pull her out as the car sank and then the bystanders pulled us to shore.”
After nearly two hours in the water, Dwyer was treated at the hospital for hypothermia. He’s at home now recovering with cuts and bruises.
However, Dwyer says it’s the mental toll that has left an impact.
“I still have nightmares about it,” Dwyer says. “Being locked in that truck seeing the water come up on me, knowing I had maybe minutes to live.”
News 4 is working to find the dispatcher and rescue crews in St. Charles County that helped save Dwyer on Tuesday. After calls to the St. Peters Police Department, we were told they took the initial call to help Dwyer but eventually passed it along to St. Charles County Fire and Ambulance in Wentzville.
According to St. Peters police, dispatchers in Wentzville helped bring Dwyer to safety.
Dwyer says he’s thankful to be alive and able to spend another day with his family.
“We need to appreciate what we have because I almost lost it,” Dwyer says. “I’m just glad somebody watched over me so I could get through this and be here again today.”
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. | https://localnews8.com/news/2022/07/31/missouri-man-hopes-to-find-thank-first-responders-after-being-rescued-from-flood/ | 2022-07-31T15:38:48Z |
Special Weather Statement issued May 18 at 1:57PM MDT by NWS Riverton WY
This is a special weather statement from the National Weather
Service Office in Riverton.
* WHAT…South to southwest winds 20 to 30 mph, with gusts of 35
to 45 mph.
* WHERE…The Jackson Valley.
* WHEN…11 PM Tonight to 6 PM Thursday.
* ADDITIONAL DETAILS…The strongest winds will occur around
sunrise Thursday. Impacts mainly to transportation. There will
likely be control issues for lightweight and high- profile
vehicles, including campers and tractor trailers. | https://localnews8.com/weather/alerts-weather/2022/05/18/special-weather-statement-issued-may-18-at-157pm-mdt-by-nws-riverton-wy/ | 2022-05-18T21:23:57Z |
MELBOURNE, Australia, April 11, 2022 /PRNewswire/ -- Australian and US MedTech start-up Nutromics (Nutromics or the Company), a global leader in DNA-based biosensors, today announced that Dr Agim Beshiri, most recently Senior Medical Director at Abbott Laboratories, has joined the organisation as its inaugural Chief Medical Officer (CMO).
Dr Beshiri is an accomplished senior medical device executive with special expertise in developing and implementing diagnostics research for biomarkers and has supported over 900 publications in Cardiology, Infectious Disease, and Oncology. Dr. Beshiri was most recently a Senior Medical Director at Abbott Laboratories, a MedTech leader valued at over $200 billion and known for its Freestyle Libre and Lingo biosensors. He has over 20 years of experience in the diagnostic space and specialises in lab medicine, and internal medicine.
Commenting on the hire, co-founder and co-CEO Hitesh Mehta said "Medical Affairs is a critical function for all life sciences companies. So, when we decided to hire for this role we invested in a global search for a true CMO who would challenge us and ensure we stay true to our values, whilst developing and commercialising an extraordinary technology. In each of our meetings with Dr. Beshiri we found that he was aligned with Nutromics' vision and values, the most critical deciding factor."
Hitesh continues "Dr. Beshiri is a world-class hire and a fantastic start in our US hiring drive. Having him join Nutromics is a testament to the potential of our technology, especially in its ability to close major gaps in unmet clinical needs. This is one of many big achievements we have planned for 2022!"
Based in the United States (US), Dr Beshiri will be leading the charge on Nutromics' medical research, regulatory engagement, clinical development, and hospital partnerships. "I am excited to play my part in transforming Nutromics' innovative technology into a clinically implementable technology in a clinician's hands. This will drive both improved patient management by clinicians as well as improved outcomes because continuous monitoring has been missing from the diagnostics space in the last 50 years", he said.
Chief Medical Officer Role - Context
This is a key hire for Nutromics as the company will imminently commence its first-in-human clinical studies for its novel biosensors. Nutromics is developing DNA-based wearables that will provide continuous and real time data for multiple molecular targets, starting with the antibiotic vancomycin. For this first market, Nutromics will ensure that patients get the right dose at the right time, thus avoiding life-threatening complications. Nutromics' DNA-enabled technology promises to create a world with zero preventable deaths by providing personalised and timely molecular insights for a myriad of diseases.
About Nutromics
Founded in 2017 by co-CEOs Peter Vranes and Hitesh Mehta, Nutromics has a mission to revolutionise healthcare through Continuous Molecular Monitoring (CMM), with a vision for a world with zero preventable deaths through personalized and timely molecular insights.
Nutromics is developing a world-first medical wearable device (patch) comprised of two technologies: a microneedle array that provides pain-free access to interstitial fluid, just under the skin, and DNA sensor technology applied to the microneedle tips, streaming molecular insights converted into electrical signal and sent to clinicians via Bluetooth.
Nutromics will complete world-first in-human clinical studies of its first DNA sensors in 2022, as well as its integrated alpha prototype device. FDA approval of the Company's first product, a continuous monitor for the IV antibiotic vancomycin is planned for 2025, with a pipeline of new DNA sensors and products also under development.
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SOURCE Nutromics | https://www.mysuncoast.com/prnewswire/2022/04/12/abbott-senior-medical-director-joins-nutromics-inaugural-chief-medical-officer/ | 2022-04-12T03:02:42Z |
Chelsea Blackwell’s dachshund, Blue, disappeared Monday, and the distraught owner went in search.
She drove for an hour before coming upon a line of squad cars and people with cameras near the Greyhound bus station in Albany, New York, and set aside her search to investigate.
“I pulled over and thought, oh man, did someone get shot? What’s going on?” she said Wednesday. “I mean, there were like eight police cars. There was like all these people with cameras.”
Fortunately, tragedy did not lurk — Blackwell had stumbled upon a movie crew — and her search ended in a one-in-a-million lucky happenstance.
Her dog of 15 years was found — by a movie star with a history of rescuing dogs.
“I started asking everybody if they saw my small brown dog,” she said.
“You won’t believe this,” she said the crew told her, but a celebrity had found her pooch.
A phone call and about an hour later, a gray car pulled up, and there was tiny Blue sitting in the lap of two-time Oscar winner Hilary Swank.
“I was like, ‘No way,’” Blackwell said. “As soon as she got out of the car, I kissed Blue and said, ‘Thank you so much.’”
Blackwell asked Swank for her autograph, but Swank did better: They took a picture.
“I’d stopped and asked if someone seen a little brown dog? A man walked over to my car and said, ‘Yes, this woman picked him up,'” she wrote in her post.
“I said who? He replied, a celebrity,” Blackwell wrote. “He called the person who had him. And they said she’s on her way back. You’ll never guess who had him?”
The Million Dollar Baby herself.
“She’s not the type of person,” Blackwell said, “who’s going to blow the horn telling people what she did.”
Swank is no stranger to rescuing dogs.
“Every dog I’ve ever rescued and also shared my life with have all had their unique way of being in the world,” Swank, who has adopted numerous dogs, once said in a YouTube video posted by People magazine.
Swank established a foundation, Hilaroo — a portmanteau of her name and the name of a dog she adopted, Karoo — that matches abandoned dogs with children whom the foundation says “have been given up on by society.”
For Blackwell, the loss of Blue would have added to the upheaval in her life after losing her mother in August and another relative soon after. Blue lost his way after getting out of the backyard with Blackwell’s other dog, Ladybug. Ladybug came running back home when she yelled, but Blue was nowhere to be seen.
“I was just, I was losing my mind because I’ve had Blue since he was a little puppy,” she said. “After losing my mom and my cousin, I didn’t want to lose my best friend, too.”
___ This story has been corrected to change one instance of misspelling of the name of Blackwell’s other dog to Ladybug, instead of Ladybag. | https://cw33.com/entertainment-news/ap-entertainment/new-york-woman-finds-lost-dachshund-in-hilary-swanks-lap/ | 2022-06-08T23:35:08Z |
LAS CRUCES, N.M., June 13, 2022 /PRNewswire/ -- New Mexico Legal Group is excited to announce its expansion of legal service offerings into estate planning and probate administration. Since 1996, New Mexico Legal Group has been serving divorce & family law and criminal defense clients throughout the state of New Mexico. Beginning May 25th, 2022, New Mexico Legal Group began providing legal representation for its clients with estate planning and probate administration needs. Upon connecting with Attorney Julie Kester, New Mexico Legal Group's CEO and Managing Attorney, David Crum knew she would be the perfect attorney to take on this expansion with him.
"New Mexico Legal Group has wanted to expand our practice into estate planning for a long time now, but we couldn't find the right attorney to anchor that new practice area. When we found out that Julie Kester was looking for a place to land with her extensive background in estate planning, we jumped at the chance to welcome her onto our team. Julie practices out of our Las Cruces office, but handles cases statewide in New Mexico, from simple to complex estate plans, probate, and everything in between. She has been a truly wonderful addition to our law firm."- CEO, David Crum
Julie comes to New Mexico Legal Group with over 23 years of helping families with estate planning and probate administration. Julie received her Juris Doctor from The University of Michigan Law School. Over the course of her legal career, Julie has focused her practice on estate planning, probate, and family law. She has served as an adjunct faculty member of the AIB National Trust School, a member and past president of the Southern New Mexico Estate Planning Council, and a Certified Divorce Financial Analyst. Julie approaches estate planning from a relationship perspective, working with her clients to address the concerns that are most important to them and raising issues that the client may not even have considered yet, making her the perfect advocate for estate planning clients.
New Mexico Legal Group is New Mexico's premier law firm. With a team of thirty employees, New Mexico Legal Group is able to serve all of their clients as efficiently as possible. The attorneys at New Mexico Legal Group specialize in helping their clients get through their cases with as little drama and heartache as possible. For more information, visit www.newmexicolegalgroup.com
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SOURCE New Mexico Legal Group | https://www.mysuncoast.com/prnewswire/2022/06/13/new-mexico-legal-group-offer-estate-planning-services/ | 2022-06-13T16:02:15Z |
TEL AVIV, Israel and NEW YORK, Sept. 8, 2022 /PRNewswire/ -- Apiiro, the leader in Cloud-Native Application Security, today announced it is a platinum sponsor of Cloud Native SecurityCon, an event designed to foster collaboration, discussion and knowledge sharing of cloud native security projects to address security challenges and opportunities.
The in-person event takes place October 24-25, 2022 in Detroit, MI and will showcase breakthrough technology and advances in modern cybersecurity approaches including secure software development and supply chain security.
Cloud Native SecurityCon is co-located at KubeCon + CloudNativeCon, the Cloud Native Computing Foundation's flagship conference. Apiiro executives including VP of Security Research Moshe Zioni will be in attendance to discuss how Apiiro is accelerating secure software delivery by addressing critical risks in cloud-native applications. KubeCon attendees can also meet with Apiiro executives to learn more about the code risk platform by visiting booth SU63.
Click here to register for the event.
Supporting Resources
- Apiiro's "Secrets Insights Across the Software Supply Chain" report
- Apiiro blog
- Apiiro on LinkedIn
- Apiiro on Twitter
About Apiiro
Apiiro helps security and development teams proactively remediate risk before releasing to the cloud. Backed by Greylock and Kleiner Perkins. apiiro.com
Media Contact:
Amy McDowell
Offleash PR for Apiiro
apiiro@offleashpr.com
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SOURCE Apiiro | https://www.mysuncoast.com/prnewswire/2022/09/08/apiiro-sponsor-cloud-native-securitycon-kubecon-cloudnativecon-north-america/ | 2022-09-08T13:45:32Z |
SAN MATEO, Calif., May 18, 2022 /PRNewswire/ -- Coupa Software (NASDAQ: COUP), a leader in Business Spend Management (BSM), today announced that – for the first time – it has been named a Challenger in the 2022 Gartner® Magic Quadrant™ for Supply Chain Planning Solutions.1 The report evaluated 22 vendors across two dimensions of evaluation criteria and positioned Coupa in the Challengers quadrant for completeness of vision and ability to execute.
In addition to being named a Challenger in the Gartner Magic Quadrant for Supply Chain Planning Solutions, Coupa has been named a Leader in the Gartner Magic Quadrant for Procure-to-Pay Suites six consecutive times.2
With disruptions happening across the global supply chain, businesses are constantly looking for ways to assess alternatives quickly and balance trade-offs to achieve desired business results.
"Supply chain resilience is mission critical for every business. We think this recognition from Gartner underscores our effort in helping customers through this complex and dynamic environment," said Raja Hammoud, executive vice president of products at Coupa. "Working closely with our customers, we're rapidly co-creating solutions to mitigate supply chain risk by combining AI with community data from more than $3 trillion in global business spend."
COVID-19 has made evident the crippling weaknesses inherent in legacy approaches to supply chain planning and processes. Today, companies need to transform their entire business spend management operation, from planning and sourcing to purchasing and distribution, all with an eye toward increasing both value and purpose.
"Coupa has been a tremendous partner in enabling us to build a more resilient and agile supply chain. Through the successful use of Coupa Supply Chain Design & Planning and other Coupa solutions, we are accelerating our journey toward a more sustainable supply model – in addition to making our supply chain more cost-effective!" said Nicolas Frasquet, executive director - Corporate Procurement at Belcorp.
From the out of stock commodity items like paper products and canned goods to supply shortages and factory shutdowns, many businesses are enduring what is perhaps the most challenging single event in the collective memory. As businesses continue working toward a normal state of operations, many business leaders are reassessing and rethinking their approach to risk – especially across the supply chain, where proper preparation can go a long way to mitigating and overcoming a disruptive event. Coupa Supply Chain solutions equip businesses to understand and prepare for any risk scenario, giving them flexibility and readiness to weather disruptions.
Stay tuned for a complimentary copy of the 2022 Gartner Magic Quadrant for Supply Chain Planning here. Get started with Coupa today; visit coupa.com.
Gartner Disclaimers
Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Coupa Software
Coupa is the cloud-based Business Spend Management (BSM) platform that unifies processes across supply chain, procurement, and finance functions. Coupa empowers organizations around the world to maximize value and operationalize purpose through their business spend. To learn more, visit coupa.com or follow us on LinkedIn and Twitter.
1Gartner, Magic Quadrant for Supply Chain Planning, By Amber Salley, Tim Payne, Pia Orup Lund, Janet Suleski, Published 16 May 2022.
2 Gartner, Magic Quadrant for Procure-to-Pay Suites, By Kaitlynn Sommers, William McNeill, Micky Keck, Patrick Connaughton, Published 25 October 2021.
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SOURCE Coupa Software | https://www.kxii.com/prnewswire/2022/05/18/coupa-named-2022-gartner-magic-quadrant-challenger-supply-chain-planning-solutions/ | 2022-05-18T18:17:13Z |
GHRR launches modern, seamless integrations with, AviontéBOLD, JobDiva and Oracle HCM delivering best-in-class background screening solutions
FORT MYERS, Fla., Aug. 2, 2022 /PRNewswire/ -- Global HR Research (GHRR), a leader in employment screening technology and services, has strategically integrated its advanced employment screening solutions with the industry's leading recruitment and human capital management software platforms: AviontéBOLD, JobDiva and Oracle HCM,. The launch of these four strategic integrations demonstrates GHRR's focus on being the best choice for high-volume, regulated employers looking to leverage modern, compliant screening technology. It represents another high-growth milestone for GHRR and, more importantly, for its joint customers with these platforms. These advanced integrations will simplify and streamline talent acquisition, onboarding and screening for middle-market and enterprise employers. "We are dedicated to delivering the most expansive features and functionality to serve the specific needs of discerning employers and human resource decision-makers as well as their teams in a wide variety of industries. These critical partnerships are part of a strategic roadmap to support our mission to be the best employment screening option in the market," said Brandon Phillips, GHRR founder and chief revenue officer. "Our sharp focus on exceeding our client's expectations and our accelerated growth have firmly established our increased value as a technical and business partner recognized by leading HCM technology companies around the world."
With just a few clicks, AviontéBOLD, JobDiva and Oracle HCM clients can now access GHRR's employment screening platform to accelerate the candidate pre-hire process at scale without leaving their main HCM or ATS solution. The integrated technology improves the candidate and employee experience while driving recruitment, staffing and HR productivity and decreasing critical time to talent to gain a competitive advantage. For these reasons and many others, GHRR has made it its mission to prove that together, its services and technology are better by every measure.
Other key benefits:
- Workflows – Better workflows, report grading and report management with the ability to set permissions for each user to control visibility into specific areas of the screening process
- Compliance – Platform automation and superior business intelligence for peace of mind and, for staffing firms, easier management of a variety of clients with different state requirements
- Candidate experience – Use of smart forms and smart automation with geolocation and data pre-population to streamline the candidate experience and complete the hiring process faster than competitors
- Speed of integration availability – GHRR's integration methodology is modern and industry leading. With GHRR's streamlined approach, a client will be able to leverage the integrated solution within days to a few short weeks versus the industry average of months
GHRR offers its partners' clients a flexible and intuitive web platform that's also mobile-enabled. The GHRR solution is built on scalable, sustainable infrastructure with uptime exceeding 99%.
Better by every measure.
Global HR Research (GHRR.com) has earned the trust of Fortune's Top 50, Forbes's Largest Private Companies, and Inc's Top 5000 companies across the U.S. by leveraging its proprietary employment screening platform, Clairiti, and a team of expert consultants. That trust has been consistently recognized and awarded for over a decade by the industry's most influential associations and news publications, including HRO Today magazine's "Bakers Dozen" list of top national background screening providers and Workforce magazine's "Hot List" of top background screening providers for the past nine years. And GHRR is accredited by the Professional Background Screening Association (PBSA), as recognized by the Background Screening Credentialing Council (BSCC) and by SHRM as an accredited educational resource. Its advanced proprietary platform gives its customers a set of employment screening, compliance and risk management solutions and a comprehensive set of tools that help them make better hiring decisions faster. These distinctions have consistently made GHRR a better alternative for its customers. In short, GHRR provides better data intelligence, better technology and better teams.
Avionté is a leader in enterprise staffing and recruiting software solutions, offering innovative end-to-end technology solutions to nearly 1,000 customers and 25,000 users throughout the U.S. and Canada. Avionté delivers a robust platform for clerical, light industrial, IT, healthcare, and professional staffing firms to maximize profits, boost productivity and grow their businesses.
JobDiva, the global leader in talent acquisition, talent management and applicant-tracking technology, is delivered as an AI-powered SaaS solution to the staffing and recruiting industry. A powerful cloud solution, JobDiva combines CRM synchronization with all major job boards and VMS providers, BI analytics, a mobile app, and the largest resume database in the world to deliver staffing solutions with unmatched speed and precision.
Natively built for the cloud, Oracle Fusion Cloud Human Capital Management is a complete solution connecting every human resource process from hire to retire. It provides a consistent experience across devices, enables one source of truth for HR data to improve decision-making, and empowers its clients with market-leading innovation to address their needs today and into the future. This is what Oracle calls work made human.
Media Contact
Christine Feeley
VP of Marketing
570-574-6089
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SOURCE Global HR Research | https://www.wibw.com/prnewswire/2022/08/02/global-hr-research-continues-lead-background-screening-space-by-announcing-four-new-integrations-with-key-hcm-ats-partners/ | 2022-08-02T18:30:12Z |
For decades, the Chinese government has sought to erase all memories of its bloody military crackdown on the Tiananmen Square protests, especially around the anniversary on June 4.
But this year, those attempts backfired, drawing attention to and prompting questions about the massacre from previously oblivious young Chinese internet users.
The fiasco started on Friday evening when a show by Li Jiaqi, the country's top e-commerce livestreamer, ended abruptly after he and his co-host presented the audience with a plate of Viennetta ice cream from the British brand Wall's.
The layered ice cream, garnished with Oreo cookies on its sides and what appeared to be a chocolate ball and a chocolate stick on top, resembled the shape of a tank -- an extremely sensitive icon to be displayed in public just hours before midnight June 4.
On the eve of June 4, 1989, Chinese leaders sent in tanks and heavily armed troops to clear Beijing's Tiananmen Square, where student protesters had gathered for weeks to demand democracy and greater freedoms.
The crackdown, which killed hundreds, if not thousands, of unarmed protesters, is shunned in classrooms and strictly censored in the media and online. Censors are particularly vigilant in the lead-up to its anniversary, swiftly scrubbing even the vaguest references -- from candle emojis to coded phrases like "May 35" -- from the internet.
As a result, many young Chinese -- especially those born after the massacre -- have grown up with little knowledge of the tragedy.
So it is perhaps no surprise that many of Li's mostly young fans were puzzled by the sudden suspension of his Friday show, during which he sold a wide range of snacks and drinks from cookies to sodas.
"What on earth happened to Li Jiaqi? All of a sudden his livestream is gone. Can anyone who knows about it tell us?" a user asked on Weibo, China's Twitter-like platform.
It is possible that Li himself, born in 1992, was also unaware of the symbolism. Having made his name as the "Lipstick King" after selling 15,000 lipsticks in just five minutes in 2018, Li had been careful to stay in the good books of authorities. As many of his peers have found out, a careless political mistake risks losing business sponsorships or worse.
Shortly after his livestream was cut, Li told his 50 million followers on Weibo that his team was fixing a "technical glitch" and asked them to "wait for a moment." Two hours later, he apologized in another post that the live broadcast could no longer resume that evening due to "a failure of our internal equipment."
"Everybody please go to bed early. We will bring you the products that have not been broadcast (tonight) in future livestreams," he wrote.
But the promised livestreams never came. On Sunday, Li failed to show up for another scheduled show, further confounding and worrying fans.
On Monday, a search for Li's name no longer returned relevant results on Taobao, the online shopping site where Li's show was live streamed. He boasts 60 million followers on the site.
CNN has reached out for comments from Mei One, Li's agency; Unilever, the British multinational that owns Wall's; and Alibaba, the Chinese tech giant that owns Taobao.
On Weibo, posts and comments linking the suspension of Li's broadcast to the tank-shaped ice cream started to proliferate. Some fans said they found out about the sensitivity of the tank symbol by circumventing China's Great Firewall of online censorship, alluding to the massacre as "that event." The discussions happened in veiled terms under the watchful eyes of censors, and many of them disappeared soon after they were posted.
Among the posts that remained visible were those that vowed to "trust our (Communist) Party and trust our state" despite learning about the crackdown. Others said they believed Li was framed by "capitalists" or "foreign forces."
Eric Liu, an analyst at China Digital Times, a US-based news website tracking censorship in China, said the Chinese government was caught in an awkward position -- if it censors Li's name entirely, it risks drawing even more attention to the case. Therefore, Weibo had to deploy a large amount of human power to manually censor every post that mentions Li's name, Liu said.
"This is the Streisand effect," he said, referring to the unintended consequence of drawing attention to information by trying to have it censored.
"Censorship is all about keeping the truth from the public. But if people don't know about it, they are bound to keep making 'mistakes' like this," he said.
Similar incidents have happened before. Last year, Xiaohongshu, a Chinese social app similar to Instagram, had its Weibo account shut down after the company asked in a post on June 4: "Tell me loudly, what is the date today?"
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/china-censored-a-top-livestreamer-on-the-eve-of-june-4-now-his-fans-are/article_6ea03638-4831-5610-b20e-2d6ca7a03943.html | 2022-06-06T09:56:55Z |
San Antonio man hospitalized after truck hits tree along Kansas highway
GEARY CO., Kan. (WIBW) - A San Antonio man is recovering in a Geary Co. hospital after he lost control of his pickup and hit a tree along a Kansas highway.
The Geary Co. Sheriff’s Office Activities Summary indicates that around 12:40 p.m. on Tuesday, Sept. 6, emergency crews were called to the intersection of U.S. Highway 77 and Kansas Highway 57 with reports of an injury crash.
When officials arrived, they said they found Kristopher Cortez, of San Antonio, Texas, had been headed north on Highway 77 when he lost control of his Chevy Avalanche and hit a tree.
The Sheriff’s Office indicated that Cortez sustained serious injuries and a passenger in the vehicle sustained minor injuries. Both were rushed to Geary Community Hospital.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/09/07/san-antonio-man-hospitalized-after-truck-hits-tree-along-kansas-highway/ | 2022-09-07T12:43:09Z |
DALLAS (KDAF) — College football is officially underway after week zero and one has come to a fantastic end and colleges throughout Texas have gotten their feet wet and set for the rest of the season.
Yes, wins and losses accord over the first week of college football for teams in the Lone Star State so, before we check out the games for week two, let’s look at some key wins for Texas teams from week one:
- TCU 38, Colorado 13
- Texas A&M 31, Sam Houston 0
- Baylor 69, Albany 10
- Houston 37, UTSA 35
- SMU 48, North Texas 10
- Texas Tech 63, Murray State 10
- Texas 52, UL Monroe 10
Texas college football games and how to watch them for week 2:
- Alabama, Texas – 11 a.m. on FOX
- UTSA, Army – 11 a.m. on CBS Sports Network
- App State, Texas A&M – 2:30 p.m. on ESPN2
- Houston, Texas Tech – 3 p.m. on FS1
- Lamar, SMU – 6 p.m. on ESPN+
- FIU, Texas State – 6 p.m. on ESPN+
- Stephen F. Austin, LA Tech – 6 p.m. on ESPN3
- Texas Southern, North Texas – 6:30 p.m. on EPSN3
- Tarleton, TCU – 7 p.m.m on BIG12/ESPN+
- New Mexico State, UTEP – 8 p.m. on ESPN+
- Baylor, BYU – 9:15 p.m. on ESPN
Be sure to buckle up and enjoy these college football games to the fullest! | https://cw33.com/sports/must-watch-texas-college-football-games-for-week-2-saturday-sep-10/ | 2022-09-06T19:38:35Z |
Ravens sign former Packers QB Brett Hundley
OWINGS MILLS, Md. (AP) — The Baltimore Ravens have signed quarterback Brett Hundley. The Ravens announced the move Thursday. Hundley appeared in two preseason games with the Indianapolis Colts last season. The previous time he played in a regular-season game was in 2019, when he appeared in three for the Arizona Cardinals. He also played in 15 games for the Green Bay Packers in 2016 and 2017. He made nine starts in the latter season. | https://localnews8.com/sports/ap-national-sports/2022/05/26/ravens-sign-former-packers-qb-brett-hundley/ | 2022-05-26T22:56:44Z |
Bublik cuts short Wawrinka’s return to tour after injury
By BARBARA SURK
Associated Press
MONACO (AP) — Alexander Bublik cut short Stan Wawrinka’s return to the tour by defeating the Swiss 3-6, 7-5, 6-2 in the first round of the clay-court Monte Carlo Masters. It was the first singles in 13 months for the Swiss. Wawrnika last competed on tour in March 2021 in Qatar. He had two surgeries on his left foot since then and months of difficult recovery. He called the defeat to the Kazakh “a tough loss” and added he is still “far away from where I want to be.” | https://localnews8.com/sports/ap-national-sports/2022/04/11/bublik-cuts-short-wawrinkas-return-to-tour-after-injury/ | 2022-04-11T19:08:04Z |
Council Grove man arrested for meth, marijuana
Published: Sep. 2, 2022 at 4:58 PM CDT|Updated: 30 minutes ago
COUNCIL GROVE, Kan. (WIBW) - The Council Grove Police Department served a search warrant Wednesday night which led to the arrest of one person.
Just before 11:00 p.m. on August 31st, officers conducted a search warrant at 319 Columbia St. Apt #1. As a result of the search warrant, Harley Truan, of Council Grove was arrested for possession of methamphetamine, possession of marijuana, and possession of drug paraphernalia.
Traun was booked into the Morris County Jail on Wednesday night.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/09/02/council-grove-man-arrested-meth-marijuana/ | 2022-09-02T22:31:05Z |
Which large birdcage is best?
While most pet birds are small and take up little space, this is not the case with parrots such as macaws or cockatoos. These animals require large, open cages that allow them opportunities to exercise, play and explore. Their cages must be well constructed and tough because parrots are extremely intelligent, powerful escape artists.
As one of the largest birdcages on the market, the Prevue Pet Products Empire Birdcage will provide your pet with ample room for both comfort and activity. This cage is the top choice for owners of large parrots due to its high-quality build and reasonable price point.
What to know before you buy a large birdcage
Your cage’s location
Large birdcages can take up a good portion of a small room; many models reach up to 6 feet tall. With this in mind, consider where you will keep your pet’s cage. Those who live in warm climates that don’t experience chilly weather in the winter sometimes opt to keep their cages outdoors under covered porches or patios. Cages kept indoors should be far enough away from walls to prevent your bird from both soiling its surroundings with food or picking at paint and drywall.
Your bird’s size
Bigger is always better when it comes to birdcage selection. However, since parrots should ideally spend most of the daytime hours outside the confines of their cages, many bird owners attempt to keep cage sizes manageable. Your cage should be large enough to allow your pet room to play and exercise without hitting its wings or tail feathers on the bars and damaging them. The toys, perches and accessories parrots require also take up significant cage real estate, so keep that in mind while you consider cage models.
Safety
Parrots’ destructive nature can lead them to chew on the bars of their cages. Powder-coated or stainless steel cages prevent your bird from ingesting harmful paint chips or metal if it develops this habit. Parrots can make short work of figuring out cage-door mechanisms, so choose a cage you can lock to prevent escape.
What to look for in a quality large birdcage
Wheels
Wheels or casters allow you to easily move your cage. Be sure to keep your cage on a flat, level surface.
Accessories
Food bowls, ladders and cage-top playgrounds are all commonly featured on large birdcages. While you have to provide many of your own toys and perches, there is value in cages that include a few quality items for your pet.
Easy cleaning
Birds are notoriously messy creatures, and large species are no exception. Select a cage that has a bottom tray that slides in and out for easy paper changing and cleaning. Avoid models that have tight nooks and crannies where food and waste may accumulate and become hard to remove.
Seed guards
Seed guards are metal walls that surround a lower portion of a birdcage. They help minimize mess around the cage by preventing food items your bird will drop or throw from escaping the walls of the cage. Some bird owners remove these, finding the floor is easier to clean than the seed guards themselves. While results may vary, select a cage that includes seed guards to give you the option to see how they perform for you.
How much you can expect to spend on a large birdcage
Depending on size, branding and materials, large birdcages cost between $300 and $950.
Large birdcage tips
- Rotate your parrots’ toys and perches regularly to keep their environment interesting and engaging.
- Parrots enjoy looking out windows and observing the outdoors. However, flashing lights and too much activity can leave them nervous and frightened. Be mindful of your bird’s tolerance for surprises and be observant of their behavior in case they prefer a different location.
- Birds like having many options when it comes to toys, but be sure not to overfill your cage to the point that your pet does not have adequate room to spread out and move freely.
Large birdcage FAQ
Can you keep a large birdcage outdoors?
A. If you live in a warm climate, it is possible to keep your pet bird outdoors. However, be mindful of the fact that clever predators such as raccoons may attempt to attack your bird. If you wish to keep your cage outdoors, keep it on a screened-in porch, patio or lanai.
Do you have to assemble your bird’s cage?
A. Cages are usually shipped flat and require assembly. While putting a birdcage together is not complicated, large cage assembly likely requires a partner for assistance.
Can you keep small birds in a large cage?
A. Yes. In fact, the largest cage possible is recommended for any bird species. However, bigger cages have wide gaps between bars that small birds might easily squeeze through to escape.
What’s the best large birdcage to buy?
Top large birdcage
Prevue Pet Products Empire Birdcage
What you need to know: This spacious cage is one of the largest this manufacturer makes.
What you’ll love: Heavy-duty construction and locks are designed to withstand the most persistent parrots. Includes a seed guard and easily cleaned bottom tray.
What you should consider: Some buyers have reported this cage is easily damaged during shipping, a common issue with purchasing birdcages online.
Where to buy: Sold by Amazon
Top large birdcage for the money
Extra-Large Wrought-Iron Open/Close Play-Top Bird Parrot Cage
What you need to know: This large birdcage comes in two colors and is an excellent value.
What you’ll love: At half the price of competing cages, this model still features quality craftsmanship and materials. The top of this cage opens to allow your pet a comfortable, high vantage point.
What you should consider: It is a bit smaller than alternative options. Users also report challenging assembly and occasionally missing screws.
Where to buy: Sold by Amazon
Worth checking out
What you need to know: This is a roomy, well-constructed model from one of the leading manufacturers of birdcages.
What you’ll love: This cage is available in five colors and includes multiple wooden perches, a cage-top playground and stainless steel bowls. Industrial strength casters make this cage easy and smooth to roll where needed.
What you should consider: While top quality, this cage is much more expensive than those offered by competing brands.
Where to buy: Sold by Amazon
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Derek Walborn writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/pets-br/bird-supplies-br/best-large-birdcage/ | 2022-06-18T19:31:21Z |
Which Samsung smart TVs are best?
Samsung is a reliable and quality brand if you are looking for a smart TV to add to your home. Depending on the model, they come with many different features (some of which are better than others); however, additional features usually mean a higher price tag.
The top choice for a Samsung smart TV that gives a large audience a 4K view is the Samsung Neo QLED QN85A Series 4K. Consider it if you want a high-quality display for your home theater.
What to know before you buy a Samsung smart TV
Where the TV will be mounted
The space of the room you have in mind and personal preference determines the size of the screen you may want. Consider other decor and how the TV fits in the overall environment. Samsung has a line of Frame series TVs designed to be low profile and blend in as if they were framed pieces of artwork on your wall.
Resolution
The newest resolution is 8K, so there is not much native 8K resolution content out there yet. There is plenty of 4K Ultra HD content and Full HD, though. Depending on what you plan to view on the screen, you may not need the highest resolution available. For more Samsung TV options with different resolutions, look at the BestReviews buying guide.
Smart TV apps
Older smart TVs may not have access to all the newest streaming services and applications, while newer models have access out of the box. If you use newer apps such as those from HBO or Disney, you may prefer a newer Samsung model.
What to look for in a quality Samsung smart TV
Display
Beyond screen-resolution classes, smart TVs do not always display light the same way. Crystal processors for 4K optimize color and details. Samsung’s high-quality QLED models have brighter colors and contrast than OLED. The best options are the Neo QLED TVs, which use faster AI processors to optimize visuals.
Sound
If you are setting up a home theater or already have one, your sound system may be separate from the screen. Some Samsung smart TVs are designed to work well with 3D sound setups, and they usually have good quality sound on their own. Newer smart TVs have object-tracking sound to provide an immersive experience, but if you want the best possible sound, invest in speakers beyond those built into the TV.
Additional features
Samsung’s smart TVs give users access to many apps and quality-of-life conveniences but there are more features to consider. The Frame series blends in and displays a piece of artwork on the screen when you are not using it. Serif models are freestanding, very thin and do not need to be near a wall. Some smart TVs are optimized for screencasting from a mobile device, if that is an important feature for you.
How much you can expect to spend on a Samsung smart TV
Pricing varies based on the size and resolution of the screen. Full HD screens cost less than $1,000 and 4K TVs are about $1,000-$3,000 depending on the size and model. New 8K TVs and the like run more than $3,000 and sometimes, they stretch beyond a $10,000 price tag.
Samsung smart TV FAQ
Do the apps and smart features of a smart TV come with additional costs?
A. That depends on which applications you use. Many popular streaming services, such as Netflix or Amazon Prime Video, have paid subscriptions, but you can use all the apps on the smart TV without paying anything as long as you have access to the content. If you could access an app through your computer or other current devices, the smart TV can do the same thing.
Do you need a smart TV to watch streaming services?
A. You can use older TVs or screens that do not have built-in smart functions for viewing your favorite streaming platforms. Devices such as Roku TV, Fire TV and others plug into any TV display. Gaming consoles and computers also can display content on a TV that does not have smart functions. A smart TV has the benefit of convenience, especially when it provides a high-quality experience.
What’s the best Samsung smart TV to buy?
Top Samsung smart TV
Samsung Neo QLED QN85A Series 4K
What you need to know: These 4K Ultra HD screens are great for large households because they come with a variety of popular apps.
What you’ll love: This model has a very user-friendly interface. The QLED display provides high-quality 4K pictures and a built-in gaming mode to optimize the 4K gaming experience. It supports more than 150 live TV channels and major streaming applications. The TV has a wide viewing angle and supports 3D sound for a home theater.
What you should consider: The mobile screen-sharing function of these TVs does not work with iOS mobile devices.
Where to buy: Sold by Amazon.
Top Samsung smart TV for the money
What you need to know: These stylish and decorative art-frame TVs allow users to display artwork or images on the wall when the TV is not in use.
What you’ll love: The picture is high-quality 4K. It has many popular applications available and a large selection of artwork to display. It hangs neatly on the wall as if it was a regular picture frame, blending into other pieces of home decor.
What you should consider: Users need to subscribe to access additional art gallery images beyond what is readily available out of the box.
Where to buy: Sold by Amazon.
Worth checking out
Samsung Neo QLED 8K QN900A series
What you need to know: This is an 8K smart TV that upscales lower-resolution images to create the best cinematic viewing experience available.
What you’ll love: The QLED display is very bright and features high contrast between light and dark tones. The AI neural networks process video and upscale it to 8K quality without glare. Users can use 3D sound for their home theater with this screen and control the TV with AI voice commands.
What you should consider: This model is not available in as many sizes and even the smallest scale costs more than $4,000.
Where to buy: Sold by Amazon.
Want to shop the best products at the best prices? Check out Daily Deals from BestReviews.
Sign up here to receive the BestReviews weekly newsletter for useful advice on new products and noteworthy deals.
Elliott Rivette writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/electronics-br/tv-video-br/the-best-samsung-smart-tv/ | 2022-07-03T12:42:42Z |
Gross product sales increased 75% and
Prescriptions dispensed increased 45%, over prior quarter
CRANBURY, N.J., July 26, 2022 /PRNewswire/ -- Palatin Technologies, Inc. (NYSE American: PTN), a biopharmaceutical company developing first-in-class medicines based on molecules that modulate the activity of the melanocortin and natriuretic peptide receptor systems, today announced preliminary fourth quarter 2022 Vyleesi® product sales. Vyleesi is the first and only as-needed treatment approved by the U.S. Food and Drug Administration (FDA) for premenopausal women with acquired, generalized hypoactive sexual desire disorder (HSDD).
"We are pleased with Vyleesi's momentum and our preliminary product sales results for the quarter ended June 30, 2022," stated Carl Spana, Ph.D., President and CEO of Palatin. "Our operating results, which includes significant increases across all sales and distribution value metrics, compared to both the prior quarter and the comparable quarter in 2021, continue to demonstrate Vyleesi's potential within the female sexual healthcare market."
- Preliminary fourth quarter ended June 30, 2022 Vyleesi results:
- increased 600% over the comparable quarter in 2021.
- increased 90% over the comparable quarter in 2021.
- increased 50% over the comparable quarter in 2021.
The Vyleesi related financial and operating data for the fourth quarter of fiscal 2022 is preliminary and may change. This preliminary data has been prepared by, and is the responsibility of, Palatin's management and no independent accounting firm has audited, reviewed, compiled, or performed any procedures with respect to this preliminary financial data. There can be no assurance that Palatin's actual results for this quarterly period will not differ from the preliminary financial and operating data and such changes could be material. In addition, Palatin's estimate of Vyleesi product sales for the fourth quarter of 2022 should not be viewed as a substitute for full financial statements for the fourth quarter and full year of fiscal 2022 prepared in accordance with U.S. generally accepted accounting standards. Additional information that will be material to investors will be provided in the financial statements for the three and twelve months ended June 30, 2022, and, accordingly, investors should not place undue reliance on the limited preliminary information being provided herein.
Vyleesi is the first and only as-needed treatment approved by the FDA for premenopausal women with acquired, generalized HSDD.
Palatin is actively seeking Vyleesi collaborations for North America and for territories outside the currently licensed territories of China and Korea. Vyleesi is licensed to Fosun Pharma in China and Kwangdong Pharmaceuticals in South Korea.
Patients and healthcare providers can learn more about HSDD and Vyleesi at www.vyleesi.com and www.vyleesipro.com.
Palatin is a biopharmaceutical company developing first-in-class medicines based on molecules that modulate the activity of the melanocortin and natriuretic peptide receptor systems, with targeted, receptor-specific product candidates for the treatment of diseases with significant unmet medical need and commercial potential. Palatin's strategy is to develop products and then form marketing collaborations with industry leaders to maximize their commercial potential. For additional information regarding Palatin, please visit Palatin's website at www.Palatin.com and follow Palatin on Twitter at @PalatinTech.
Forward-looking Statements
Statements in this press release that are not historical facts, including statements about future expectations of Palatin Technologies, Inc., such as statements about market potential of Vyleesi and other Palatin products in development, clinical trial results, potential actions by regulatory agencies including the FDA, regulatory plans, development programs, proposed indications for product candidates, market potential for product candidates, and potential adverse impacts due to the global COVID-19 pandemic such as delays in regulatory review, manufacturing and supply chain interruptions, adverse effects on healthcare systems and disruption of the global economy, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Securities Litigation Reform Act of 1995. Palatin intends that such forward-looking statements be subject to the safe harbors created thereby. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause Palatin's actual results to be materially different from its historical results or from any results expressed or implied by such forward-looking statements. Palatin's actual results may differ materially from those discussed in the forward-looking statements for reasons including, but not limited to, Palatin's ability to establish and maintain the capability for manufacturing, marketing and distribution of Vyleesi, sales of Vyleesi in the United States and elsewhere in the world, results of clinical trials, regulatory actions by the FDA and other regulatory and the need for regulatory approvals, Palatin's ability to fund development of its technology and establish and successfully complete clinical trials, the length of time and cost required to complete clinical trials and submit applications for regulatory approvals, products developed by competing pharmaceutical, biopharmaceutical and biotechnology companies, commercial acceptance of Palatin's products, and other factors discussed in Palatin's periodic filings with the Securities and Exchange Commission. Palatin is not responsible for updating for events that occur after the date of this press release.
Palatin Technologies® and Vyleesi® are registered trademarks of Palatin Technologies, Inc.
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SOURCE Palatin Technologies, Inc. | https://www.kxii.com/prnewswire/2022/07/26/palatin-announces-preliminary-fourth-quarter-vyleesi-net-product-revenue-increased-225-over-prior-quarter/ | 2022-07-26T12:21:55Z |
Make Your Reference List Innovative, Compelling and Memorable for Prospective Employers
DETROIT, July 20, 2022 /PRNewswire/ -- The job and reference experts at Allison & Taylor, The Reference Checking Company offer 4 effective ways to stand out from other job applicants and improve your chances of landing the job you want.
Most people are all well aware of the importance of a resume when seeking new employment. Less known is the power of a well-crafted reference list that serves as a powerful "mini resume."
Here is a format created that will surely enhance a job applicant's chances for a job offer.
https://www.allisontaylor.com/sample-references.asp
It is critically important that you select your potential references with care and ensure your references speak to your strengths and the expertise you demonstrated when you worked with them.
- It allows you to showcase your abilities and achievements with former employers, and to tie that expertise in with the key job elements sought by prospective new employers.
- It allows you to choose a diverse number of references, each of whom will (ideally) be able to support different areas of expertise on your behalf.
- When offered to a potential employer, e.g., at the close of an interview, a well-crafted reference document will make a powerful and proactive statement on your behalf.
- You should provide your references with a recap of your skills that tie into the employment criteria identified by a prospective employer(s). This will best ensure that your references will provide exactly the feedback you would wish to share with potential new employers.
Here is a format created by Allison & Taylor, The Reference & Credential Checking Company that captures the criteria outlined above. This is in an editable, downloadable format.
https://www.allisontaylor.com/sample-references.asp
By choosing a group of references that is both supportive and diverse, you will be presenting employers with a more representative sampling of your overall attributes - and enhancing your prospects of gaining new employment.
Critical when seeking a job or promotion. Consider checking and validating your former employment references. Don't lose a promotion or job opportunity due to mediocre or bad job references.
JobReferences.com, powered by Allison & Taylor, The Reference Checking Company will call your former employer to obtain your references, document the results and provide a report to you.
Developers of GrowMyPaycheck.com – Ensure That You are the Master of Your Financial Destiny with Job Raises & Promotions.
Our firm is highly acclaimed with employers, employees and the media alike. Compliments and mentions from influential publications and writers at The Wall Street Journal, Christian Science Monitor, The New York Times, Workplace Bullying Institute, ABC Newswire, Forbes, USA Today, Hcareers, Fortune and MyFox News provide insight into our services. Allison & Taylor, The Reference Checking Company is headquartered in Michigan.
Board member of Workplace Fairness – Workplace Fairness is a national nonprofit organization that provides information, education and assistance to individual workers and their advocates nationwide and promotes public policies that advance employee rights.
Visit https://www.allisontaylor.com/ or https://www.jobreferences.com/
Allison & Taylor, Inc., the Reference Checking Company – Find us on Facebook! Follow us on Twitter Check out our Blog! JobReferences.com – Find us on Facebook! Follow us on Twitter, Check out our Blog!
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SOURCE Allison & Taylor, The Reference Checking Company | https://www.wibw.com/prnewswire/2022/07/20/4-effective-ways-stand-out-other-job-applicants/ | 2022-07-20T15:32:24Z |
SACRAMENTO, Calif. (AP) — A vial of insulin cost $25 in 1995, back when Chris Noble was 5 years old and just learning how to manage his Type 1 diabetes with the help of his parents and his doctors.
Nearly three decades later, Noble says that same vial of insulin costs more than $300 — a 12-fold increase for something he and millions like him can’t live without.
“It’s as essential as water,” Noble said.
Health care advocates have bemoaned for years that insulin, while inexpensive to produce, is held hostage by a U.S. health care system stubbornly resistant to reforms as companies monopolize and maximize profits.
Now, with several insulin patents nearing their expiration dates, California is looking to disrupt that market by making its own insulin and selling it for a much cheaper price. Last month, after a few years of study, state lawmakers approved $100 million for the project, with $50 million dedicated to developing three types of insulin and the rest set aside to invest in a manufacturing facility.
Gov. Gavin Newsom and state lawmakers still have many details to work out, including contracting with a private company to do most of the work. But the budget was a put-his-money-where-his-mouth-is moment for Newsom, who has been calling for the state to launch its own brand of generic drugs to lower the overall price of medication.
“Nothing epitomizes market failures more than the cost of insulin,” Newsom said in a video posted to his Twitter account. “California is now taking matters into our own hands.”
This wouldn’t be the first time California has made its own medicine. In 1990, about half of all cases of infant botulism — a rare illness that affects the large intestine — were in California. The California Department of Public Health got a federal grant to develop and test a treatment. The treatment won federal approval in 2003, and California has been making it ever since.
But the market for infant botulism treatments is small, with about 110 cases reported each year, according to the U.S. Centers for Disease Control and Prevention. One course of California’s botulism treatment costs more than $57,000, according to a legislative analysis.
Meanwhile, about 7 million people in the United States require insulin to manage their diabetes. The human body converts most of the food we eat into sugar. The pancreas then produces insulin, which converts that sugar into energy. People who have diabetes don’t produce enough insulin. People with Type 1 diabetes must take insulin every day to survive.
Insulin was first discovered in 1920s by a team of Canadian scientists. They sold the patent to the University of Toronto for just $1, hoping the school would license the product to multiple companies to prevent a monopoly that would lead to high prices.
But over time, the insulin market was slowly cornered. Today, just three companies produce most of the world’s insulin. In the United States, the line between an insulin manufacturer and a patient is not straight. It zigs and zags between insurance companies and pharmacy benefit managers — third parties that managed prescription drug benefits for health plans.
It’s that system that has kept the cost of insulin much higher in the United States than other countries, as more companies benefit from the higher price tag, said Kasia Lipska, an associate professor at the Yale School of Medicine.
“It creates this really weird incentive,” Lipska said.
California will try to break that incentive. The reason more companies haven’t entered the insulin market is because if they did, the established manufacturers would just undercut them, making it impossible to recoup their investment, said Anthony Wright, executive director of Health Access California, a consumer advocacy group.
But California is in a different position because aside from selling insulin, it also buys the product every year for the millions of people on its publicly funded health plans. That means if California’s product drives down the price of insulin across the market, the state would still benefit.
“That’s why California’s market power matters,” Wright said. “To a Wall Street investor, driving down the cost of insulin means you might not be able to get your investment back. To California, driving down the price of insulin is a real savings to both taxpayers as well as to our residents.”
Still, there’s no guarantee California’s plan will work. For one thing, insurers and pharmacy benefit managers might not cover California’s insulin products, making it more difficult for patients to get them.
Sarah Sutton, director of public affairs for the Pharmaceutical Research and Manufacturers of America, said a better idea would be for California to focus on “commonsense solutions” to address the role pharmacy benefit managers play in insulin pricing.
“That would bring real relief to patients right now,” she said.
Dr. Mark Ghaly, secretary of the California Health and Human Services Agency, said he hopes a state as large as California making its own insulin would significantly diminish the role of pharmacy benefit managers in insulin pricing.
If successful, Ghaly said he thinks the price of California-branded insulin would be so competitive that patients could buy it off the shelf cheaper than going through their insurance plan.
“We expect to save hundreds of millions of dollars for California because of this,” Ghaly said. “This gives us an opportunity to create a blueprint for healthcare affordability that has been so far out of reach for states and, frankly, the federal government, and it’s really exciting to see where it can go.” | https://cw33.com/health/ap-health/california-aims-to-make-its-own-insulin-brand-to-lower-price/ | 2022-07-29T17:43:43Z |
MEMPHIS, Tenn., June 29, 2022 /PRNewswire/ -- On Wednesday, June 22, 2022, Pittco Direct Investments II, LP, the direct investing arm of Pittco Management, LLC ("Pittco"), completed its acquisition of a minority equity interest in MediaMark Factoring ("MediaMark"). MediaMark is a Tennessee-based specialty finance company that provides receivables liquidity to the out-of-home media industry (e.g., billboards, digital signage, etc.) and construction development firms.
"We are proud to partner with the MediaMark team as they continue to scale the business and provide innovative solutions to the out-of-home media and construction industries," said Henry Guy, Pittco Chief Investment Officer.
"Along with our Board of Directors, I'm pleased to welcome Pittco to our group of shareholders," said Patrick Martucci, MediaMark's Chairman and Chief Executive Officer, adding, "Pittco has a strong heritage of successful investing, and their experience brings more than just capital to our company. We very much look forward to growing with them."
Pittco is a single family office for the family of Pitt Hyde, founder of AutoZone, and his wife, Barbara. Pittco was established over 30 years ago, and provides investment, accounting, tax, and financial services from its headquarters in Memphis, Tennessee.
Media Contact:
Pittco Management, LLC
Media@pittcomanagement.com
901-685-3455
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SOURCE Pittco Management, LLC | https://www.mysuncoast.com/prnewswire/2022/06/29/pittco-management-invests-mediamark-factoring/ | 2022-06-29T15:46:16Z |
In California, a historic heat wave has exposed yet again what big idiots the politicians in Sacramento are. To prevent daily rolling blackouts in Beverly Hills like the ones they have in places like Ghana, Gov. Gavin Newsom has asked us to not use electricity between 4 and 9 p.m.
The idea is to conserve power — and to prop up the electric grid that Newsom and his environmentalist comrades have been dismantling and neglecting for decades with their harmful green energy policies.
Having to conserve electricity is just the latest form of torture California’s Democratic rulers have inflicted on its 40 million citizens. We already don’t have enough electricity to run our air-conditioners when the temperature soars into triple digits, as it usually does each September.
I can’t imagine what life will be like here in 2035. That’s when Newsom’s latest bad idea becomes law and all new cars and passenger trucks that are sold in the state from then on will have to be electric.
Right now there are about 30 million registered motor vehicles in California that burn fossil fuels. About 14 million are cars. About 560,000 of those are pure electric vehicles.
Electric cars über alles sounds great. It sounds like a simple, doable and environmentally virtuous way to save the planet from climate change by killing off our dirty gasoline-powered transportation system.
But in the real world, unless the state allows more nuclear and oil-and-gas-powered plants to be built, there simply won’t be enough energy in California by 2035 to charge tens of millions of lithium batteries every day. You remember lithium batteries? Those are those little ones the airlines tell you not to put in your checked luggage because they like to burst into flames now and then.
Well, a Tesla lithium battery weighs about 1,000 pounds — which is why you have to recharge them outside and not in the garage attached to your house.
But let’s forget about the lucky folks who can still afford to own a house and a Tesla in California. What about people who live in an apartment complex with 200 or 300 units? Where are their Volt charging stations going to be placed? They’ll have to be outside. On the street. Where the homeless camps often are.
Another major problem with electric cars in the real world will occur when freeways are closed for hours by wild fires, as they occasionally are in California. Or when a blizzard in the mountains shuts down the interstate and strands thousands of motorists with slowly dying batteries. Or when a hurricane forces a million people to quickly evacuate by electric car from New Orleans.
By 2035, many things will change, of course. Other foolish states — mostly blue ones — also will outlaw new gas-powered cars.
But the price of electric vehicles will come down. Charging stations will pop up everywhere. Innovation will happen with batteries that will give electric cars greater range. And batteries, which today are made from lithium that comes from mines that tear deep dirty holes in the skin of Mother Earth, will be made in the U.S., not China. And maybe they will be replaced with something cleaner and better that doesn’t employ slave labor.
Before he resigns, perhaps Joe Biden might even buy every American with a driver’s license a free charging station or give them a $10,000 down payment to make up for the high cost of electric vehicles.
“Save the planet, America, buy an electric vehicle — whether you like it or not.”
That doesn’t sound very nice to me, so if Gov. Newsom doesn’t mind, I think I’ll pass. As long as his climate police and the Great Almighty let me, I’m going to continue driving my Ford F-150 Raptor with a smile on my face, love in my heart and the AC cranked up as high as it will go.
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Michael Reagan is an author, speaker and president of the Reagan Legacy Foundation. Send comments to reagan@caglecartoons.com.
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BEIJING, July 15, 2022 /PRNewswire/ -- Shanghai, China's leading trade and shipping hub, remains the third place in the top 20 international shipping centre (ISC20) ranking for 2022 as shown in the 2022 Xinhua-Baltic International Shipping Centre Development Index Report (Xinhua-Baltic ISCDI Report) just unveiled on Monday.
Shanghai is positioned after Singapore and London, and is followed by Hong Kong and Dubai, the 2022 ranking shows.
It is noted that the Xinhua-Baltic ISCDI incorporates three primary dimensions and 16 secondary indicators to evaluate the comprehensive performance of 43 cities worldwide during a given period of time thus concludes its annual list of ISC20.
Specifically, complete ISC20 names such 20 cities as Singapore, London, Shanghai, Hong Kong, Rotterdam, Hamburg, New York-New Jersey, Athens-Piraeus, Ningbo Zhoushan, Tokyo, Houston, Guangzhou, Antwerp-Bruges, Qingdao, Busan, Shenzhen, Copenhagen, Los Angeles, Melbourne, for the top 20 for 2022.
When looked at geographically, ten out of the top 20 are in Asia, six in Europe, three in America and one in Oceania.
The report notes no significant changes compared with last year's ranking due to the stable developemnt of the listed cities in terms of resource agglomeration and allocation capability.
Also, experts' insights on port digitalization and decarbonization, which pose both opportunities and challenges to global shipping industry today, are penned as highlights for this year's report.
In line with the report release ceremony in Shanghai, an online seminar was held with worldwide participance.
Li Jin, Chief Accountant with Piraeus Port Authority S.A. (PPA), a member of China's COSCO Shipping group, and Ilias Salpeas, Managing Director of the Development Organisation of the Municipality of Piraeus, shared their insights on global shipping industry development during the seminar.
Jointly launched by China Economic Information Service and Baltic Exchange in 2014, the Xinhua-Baltic International Shipping Centre Development Index has become a significant and increasingly influential index to evaluate the development of major shipping centres worldwide.
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SOURCE Xinhua Silk Road | https://www.wibw.com/prnewswire/2022/07/15/xinhua-silk-road-shanghai-remains-3rd-place-isc20-ranking-2022-xinhua-baltic-report/ | 2022-07-15T10:29:39Z |
Briarcliffe Fire Company Expected To Voluntarily Disband After Racist Comments, Delaware County Black Caucus Announces
By Web Staff
Click here for updates on this story
GLENOLDEN, Pennsylvania (KYW) — Pennsylvania state Sen. Anthony Williams and the Delaware County Black Caucus announced Wednesday they expect the Briarcliffe Fire Company to voluntarily disband. Briarcliffe was suspended in February after a recording showed the chief and others making offensive comments about Black firefighters and residents, including Fanta Bility, the 8-year-old girl killed by Sharon Hill police.
Audio obtained by Eyewitness News takes you into the conversation between first responders that put the firehouse out of service.
The voices are reportedly first responders at the Briarcliffe Fire Company in Delaware County.
According to the Goodwill Fire Company, they were still recording following a Zoom call about consolidating three volunteer firehouses in the township.
But Williams said a voluntary decision to disband isn’t enough.
“That is not all that we agreed to. What we agreed to was that fire department would be disbanded, those individuals who made those comments would no longer be allowed to be first responders and that that fire department could not be regenerated in another format,” Williams said.
Williams also says none of the firefighters who made the racist comments have apologized.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. | https://localnews8.com/news/2022/04/13/briarcliffe-fire-company-expected-to-voluntarily-disband-after-racist-comments-delaware-county-black-caucus-announces/ | 2022-04-14T00:38:49Z |
PITTSBURGH (WXIN) — More than 2 million infant swings and rockers are being recalled due to the risk of entanglement and strangulation.
On Monday, the U.S. Consumer Product Safety Commission and Thorley Industries, known as 4moms, announced the recall, which involves about 2 million MamaRoo swings and 220,000 RockaRoo rockers. In addition, 60,000 MamaRoo and 10,000 RockaRoo were sold in Canada.
The MamaRoo is a baby swing that offers multiple motions and speeds. The recall only includes models that use a three-point harness. The MamaRoo model that uses a five-point harness is not included in this recall. The RockaRoo is a baby rocker with a front-to-back gliding motion.
The recall was initiated because when not in use, their restraint straps can hang below the seat and non-occupant crawling infants can get tangled in the straps, posing strangulation hazards.
The company said it has received two reports of entanglement incidents involving infants who got caught in the strap under the MamaRoo infant swing. This includes a report in which an infant died from asphyxiation and another infant had to be rescued by a caregiver.
On the Safer Products website, a consumer posted that their 10-month-old son crawled through the space between the base and the seat in 2018. Their son got caught in the strap, which got so tightly twisted around his neck that they had to cut the strap to loosen him.
The consumer reported that their son suffered marks and popped blood vessels all the way around his neck. He also had popped blood vessels around his eyes.
“Very scary and is dangerous if anyone has this product and doesn’t realize the straps underneath can do this,” the consumer wrote in their incident report.
Those straps are the target of the recall. Anyone with the recalled products should contact 4moms immediately to register for a free strap fastener, which will prevent the straps from extending under the swing when not in use.
Until they get the strap fastener, the company said anyone with infants who can crawl should immediately stop using the recalled swings and rockers and place them in an area where crawling infants cannot access.
The company issued the following statement:
“Families put their trust in our company when they choose to bring our products into their homes. That’s why we take every precaution and make the extra effort to ensure that our baby gear products not only meet but exceed all applicable safety standards.
We are deeply saddened by the two incidents that occurred when babies crawled under the seat of unoccupied MamaRoo swings. After investigating the circumstances behind these two reported incidents, 4moms decided to conduct a voluntary recall in partnership with the CPSC.
The free strap fastener kit we have designed is an easy-to-install solution that we believe will prevent any other incidents from happening when a MamaRoo or RockaRoo is not in use and an infant crawls under the seat. We strongly urge our consumers, retailers, and re-seller partners to implement the strap fastener solution to ensure the complete safety of our products.
We will continue to hold ourselves to the highest quality and safety standards so that parents feel safe, secure, and confident in their decision to have 4moms support their family.”
Gary Waters, 4moms CEO
People can contact 4moms toll-free at 877-870-7390 from 8 a.m. to 5 p.m. ET Monday through Friday or by email at safetyandrecall@4moms.com. They can also go to the recall website to order a strap fastener. | https://cw33.com/news/nexstar-media-wire/more-than-2-million-infant-swings-and-rockers-recalled-after-babys-death/ | 2022-08-15T21:17:22Z |
Dawn Marie Besse Joins Aktion's Supply Chain Division
MAUMEE, Ohio, Sept. 9, 2022 /PRNewswire/ -- Aktion Associates, Inc., national software reseller and IT infrastructure provider focused on the Architectural Engineering & Construction, Distribution and Manufacturing industries, announced today the appointment of Dawn Marie Besse to the position of Practice Manager, Infor SX.e and CloudSuite Distribution, in the Supply Chain Division. Dawn has extensive experience as a leader specializing in business operations, consulting, ERP implementations and project management. Dawn will report to Supply Chain Division Vice President, Patrick Brennan. The appointment was made in response to Aktion's increasing Infor SX.e and CloudSuite Distribution customer base.
"Under Pat's leadership, the Supply Chain Division is growing and acquiring new customers while continuing to deliver support to existing accounts," said Aktion CEO Scott Irwin. "The addition of Dawn as Practice Manager overseeing implementations strengthens our commitment to ensuring successful go lives and long-term customer engagements. She has deep industry and Infor ERP knowledge. I'm confident our customers and service team will benefit from Dawn's guidance," Irwin added.
Dawn is responsible for managing Application Consultants, Project Managers and Software Engineers in the Supply Chain Division. Additional responsibilities include executing customer account management; building/maintaining relationships with suppliers; ensuring quality and consistency in service delivery as well as introducing best practice processes; service employee skillset development and alignment; achieving service utilization; and assisting the division Sales Manager in customer implementations.
"Dawn is a great addition to the team," said Brennan. "She brings a high level of business acumen and team leadership, as well as Infor ERP consulting experience. It's the perfect skill set for our team and Infor customers," Brennan added.
In her previous position as Senior Business Consultant at Infor, Dawn was responsible for leading project teams, configuring client solutions, providing implementation consultancy and application best practice advice. Prior to Infor, Dawn was Business Systems Manager Supply Chain for Kaman Industrial Technologies.
Aktion Associates delivers industry-specific and market leader application solutions to the Architecture & Engineering, Construction, Wholesale Distribution and Manufacturing industries. We couple these application solutions with proven business process transformation skills that deliver the best Net Promoter Scores in the ERP industry for small and medium size businesses. Our investment in our company-owned cloud and managed service platform is what further allows us to deliver the total solution with award-winning speed and cost-effectiveness. With a customer base of 6500 strong and a workforce of 230 employees, we have the scope and scale to manage an ERP cloud migration. Visit www.aktion.com.
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SOURCE Aktion Associates, Inc. | https://www.wibw.com/prnewswire/2022/09/09/aktion-associates-inc-names-new-practice-manager-lead-infor-sxe-cloudsuite-distribution-erp-service-delivery-team/ | 2022-09-09T17:36:16Z |
Putin apologized over FM’s Hitler comments, Israel says
By Hadas Gold, Katharina Krebs and Lianne Kolirin, CNN
Russian President Vladimir Putin apologized for comments that his Foreign Minister Sergei Lavrov made about Hitler and Jews earlier this week in a phone call with Israeli Prime Minister Naftali Bennett, according to a statement from Bennett’s office.
The Thursday statement said, “The Prime Minister accepted President Putin’s apology for Lavrov’s remarks and thanked him for clarifying the President’s attitude towards the Jewish people and the memory of the Holocaust.”
A bitter war of words broke out between the two countries after Lavrov sought to justify Moscow’s stated goal of “de-Nazifying” Ukraine — a baseless portrayal of the country, which is led by a Jewish president — by claiming Adolf Hitler had “Jewish blood” and that “the most ardent anti-Semites are usually Jews.”
Russia’s ambassador to Israel was subsequently summoned to Israel’s foreign ministry for talks. Bennett called the assertions “lies” and Israel’s foreign minister Yair Lapid described them as “unforgivable and outrageous.”
Putin’s office earlier issued its own readout of the phone call, which made no mention of an apology or of Lavrov’s comment. CNN has asked Putin’s spokesman if the Russian president apologized to Bennett.
The readouts from Moscow and Jerusalem largely aligned on the other subjects that the two leaders talked about in a phone call marking Israel’s Independence Day.
The Russian account of the call said the leaders emphasized the special significance of May 9 for the people of Russia and Israel, which is celebrated as Victory Day in Russia as a momentous day for the people of Russia and Israel.
The leaders honored the memory of all the fallen, including the victims of the Holocaust, it said, while expressing their interest in the further development of friendly Russian-Israeli relations.
Bennet noted the “decisive contribution of the Red Army to the Victory over Nazism.”
Putin and Bennet also discussed the situation in Ukraine, including the evacuation of civilians from the Azovstal steel plant. According to the Kremlin, Putin said that the Russian military was ready to ensure the safe exit of civilians from the plant.
Kremlin spokesman Dmitry Peskov was asked by Russian state media RIA Novosti on Thursday whether Putin’s call with Bennett touched upon Israel’s possible arms supplies to Ukraine and Lavrov’s statements.
“The topics of the conversation were listed in the statement,” Peskov told RIA Novosti.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/national-world/cnn-europe-mideast-africa/2022/05/05/putin-apologized-over-fms-hitler-comments-israel-says/ | 2022-05-05T21:19:46Z |
Remediation set to begin on 17.47 acre site of new park, community center, museum, housing, and commercial space
LOS ANGELES, May 20, 2022 /PRNewswire/ -- The Commerce City Council fully approved a new 850 unit mixed-use development project at a meeting on Feb. 22, allowing the development phase to begin. The project, named Modelo to reference the Commerce motto of "the Model City," is a robust, new mixed-use project consisting of 850 residential units, recreational and entertainment retail spaces, a public-private park, community center and museum.
The project will be featured at the International Council of Shopping Centers (ISCS) 2022 by its developer, Comstock Realty Partners. ICSC 2022 is being held at the Las Vegas Convention Center from May 22-24, 2022. ICSC is an organization for industry advancement, promoting and elevating the marketplaces and spaces where people shop, dine, work, play and gather as foundational and vital ingredients of communities and economies.
"The goal of the project is to tip the scale in the direction of the community for once," said Adrian Comstock, a developer with a long history of successful projects. "As developers, we are inspired to create a safe, clean community for people to work, play, and sleep in, and create hundreds of jobs along the way. With this project, we have the added goal of endowing a cultural and arts museum."
VP of Development for Comstock, Howard Clarke, who was formerly a project manager with Caruso and the Dorchester Collection, explains that the mix of essential and entertainment retail such as grocery, restaurant and cinema, will imbue a contemporary take on a village-like atmosphere when combined with the 850 market rate residential units.
Construction is scheduled to being by the end of 2022, with the first phase of housing and community center to be completed 30 months later.
Media contact: Howard Clarke, hclarke@comstockrealtypartners.com, 314-755-6392
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SOURCE Comstock Realty Partners | https://www.mysuncoast.com/prnewswire/2022/05/21/comstock-realty-partners-showcase-850-unit-mixed-use-modelo-project-icsc-2022-las-vegas/ | 2022-05-21T03:57:21Z |
Melvin Wagner
Melvin Wagner, age 100 of Austin, passed away Friday, June 17, 2022. Private family services will be held at a later date.
Melvin was born on July 3, 1921, to Henry and Anna Terrill Wagner in Warren, Missouri. He graduated from Hannibal High School and studied 2 years at Hannibal LaGrange College. Melvin married Shirley Bleigh Wagner in 1950. After serving in the United States Air Force, Melvin moved to La Marque, Texas where he worked at Monsanto Chemical for 35 years. When he retired, he and Shirley moved to Temple. In his last few years, he was able to move to Austin to be closer to his son. Melvin was a kind and gentle man to family and friends and will be greatly missed by all those who knew and loved him.
Melvin was preceded in death by his parents; and loving wife, Shirley. He is also preceded by his brother, Russell Wagner; and sister, Velma Wagner Ely.
Those left to honor his memory are his son, Ronald Wagner (Terrie); daughter, Linda Wagner; 3 grandchildren; and 3 great grandchildren.
Harper-Talasek Funeral Home
in Temple is in charge of arrangements.
Paid Obituary | https://www.tdtnews.com/obituaries/article_7abb31c6-f31d-11ec-837d-f36878f87aa6.html | 2022-06-26T12:15:04Z |
SOUTHLAKE, Texas, July 27, 2022 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR) today announced that its Board of Directors has declared a dividend of $1.625 per share on its 6.50% Series A Mandatory Convertible Preferred Stock. The dividend is payable on September 1, 2022 to holders of record of the mandatory convertible preferred stock as of the close of business on August 15, 2022.
Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveler experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre's technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information visit www.sabre.com.
SABR-F
Contacts
Media:
Kristin Hays
Kristin.Hays@sabre.com
sabrenews@sabre.com
Investors:
Kevin Crissey
Kevin.Crissey@sabre.com
sabre.investorrelations@sabre.com
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SOURCE Sabre Corporation | https://www.mysuncoast.com/prnewswire/2022/07/27/sabre-declares-dividend-mandatory-convertible-preferred-stock/ | 2022-07-27T21:32:09Z |
MEXICO CITY (AP) — Nicaraguan police on Friday raided the residence of a Roman Catholic bishop critical of President Daniel Ortega’s administration, detaining him and several other priests in a dramatic escalation of tensions between the church and a government increasingly intolerant of dissent.
The pre-dawn raid came after Nicaraguan authorities had accused Matagalpa Bishop Rolando Álvarez of “organizing violent groups” and inciting them “to carry out acts of hate against the population.”
President Daniel Ortega’s government has moved systematically against voices of dissent, arresting dozens of opposition leaders last year, including seven potential candidates to challenge him for the presidency. They were sentenced to prison this year in quick trials closed to the public.
The congress, dominated by Ortega’s Sandinista National Liberation Front, has ordered the closure of more than 1,000 nongovernmental organizations, including Mother Teresa’s charity.
Early Friday, the Matagalpa diocese posted on social media, “#SOS #Urgente. At this time the National Police have entered the Episcopal rectory of our Matagalpa diocese.”
The National Police confirmed the detentions in a statement later, saying that the operation was carried out to allow “the citizenry and families of Matagalpa to recover normalcy.”
“For several days a positive communication from the Matagalpa diocese was awaited with a lot of patience, prudence and sense of responsibility, that never materialized,” the statement said. “With the continuation of the destabilizing and provocative activities, the aforementioned public order operation became necessary.”
It did not mention specific charges.
Álvarez was being held under guard at a house in Managua, where he had been allowed to meet with relatives and Cardinal Leopoldo Brenes, the police statement said.
The others who were taken with Álvarez — they did not specify who or how many — were still being processed, police said.
The Inter-American Commission on Human Rights condemned the detentions and called for the immediate release of those held.
Edwin Román, a Nicaraguan parish priest exiled in the United States said via Twitter: “MY GOD! How outrageous, they have taken Monsignor Rolando Álvarez, with the priests who were with him.”
Álvarez has been a key religious voice in discussions of Nicaragua’s future since 2018, when a wave of protests against Ortega’s government led to a sweeping crackdown on opponents.
“We hope there would be a series of electoral reforms, structural changes to the electoral authority — free, just and transparent elections, international observation without conditions,” Álvarez said a month after the protests broke out. “Effectively the democratization of the country.”
At the time, a priest in Álvarez’s diocese had been wounded in the arm by shrapnel while trying to separate protesters and police in Matagalpa.
Álvarez has kept up such calls for democracy for the past four years, infuriating Ortega and Murillo.
Manuel Orozco, an expert on Nicaragua at the Inter-American Dialogue in Washington, said that Álvarez posed a threat as an obstacle and a symbol to Ortega.
“Nicaraguans are very loyal to the church,” he said. “In a survey I did last year, 70% of Nicaraguans say that to them, the political opinion of the religious authority at the national or the parochial level was important in shaping their political views.”
“(Álvarez’s) narrative, it’s based on the religious script, the biblical script about opposing the oppressor,” Orozco said. “And he makes allusions not to incite violence or to call for resistance, but he does say there is oppression.”
Orozco said the government is betting its pressure on the church won’t bring a “proportional response” by the international community. “And so they continue to push the envelope because they don’t see that short of a military invasion, there is not going to be anything that can stop them.”
Friday’s arrests follow weeks of elevated tensions between the church and Ortega’s government, which has had a complicated relationship with Nicaragua’s predominant religion and its leaders for more than four decades.
The former Marxist guerrilla infuriated the Vatican in the 1980s, but gradually forged an alliance with the church as he moved to regain the presidency in 2007 after a long period out of power. Now he appears to once again see political benefit in direct confrontation.
Ortega initially invited the church to mediate talks with protesters in 2018, but has since taken a more aggressive position.
Days before last year’s presidential elections, which he won for a fourth consecutive term with his strongest opponents jailed, he accused the bishops of having drafted a political proposal in 2018 on behalf “of the terrorists, at the service of the Yankees. … These bishops are also terrorists.”
In March, Nicaragua expelled the papal nuncio, the Vatican’s top diplomat in Nicaragua.
The government had previously shut down eight radio stations and one television channel in Matagalpa province, north of Managua. Seven of the radio stations were run by the church.
The Aug. 5 announcement that Álvarez was under investigation came just hours after first lady and Vice President Rosario Murillo criticized “sins against spirituality” and “the exhibition of hate” in an apparent reference to Álvarez.
The Archdiocese of Managua had earlier expressed support for Álvarez. The conference of Latin American Catholic bishops decried what it called a “siege” of priests and bishops, the expulsion of members of religious communities and “constant harassment” targeting the Nicaraguan people and the church.
The Vatican remained silent about the investigation of Álvarez for nearly two weeks, drawing criticism from some Latin American human rights activists and intellectuals.
That silence was broken last Friday when Monsignor Juan Antonio Cruz, the Vatican’s permanent observer to the Organization of American States, expressed concern about the situation and asked both parties to “seek ways of understanding.”
The Vatican again offered no comment Friday and didn’t report the news immediately on its in-house media portal. While staying mum, apparently in hopes of not inflaming tensions, the Vatican has been publishing regular expressions of solidarity from Latin American bishops in recent days on its Vatican News site.
The president of Nicaragua’s Episcopal Conference did not immediately respond to a request for comment.
The huge street protests across Nicaragua in 2018 called for Ortega to step down. Ortega maintained the protests were a coup attempt carried out with foreign backing and the support of the church.
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AP writer Nicole Winfield in Rome contributed to this report. | https://cw33.com/news/international/ap-international/nicaraguan-police-arrest-bishop-other-priests-in-raid/ | 2022-08-19T22:24:29Z |
BRUNSWICK, Maine, Aug. 19, 2022 /PRNewswire/ -- Maridose LLC announced today that it has received a Federal license from the United States Department of Justice and Drug Enforcement Agency for bulk manufacture of cannabis to supply researchers with any or all of the following Schedule 1 products: marijuana, marijuana extract (including isolated chemical constituents), and tetrahydrocannabinols (THC).
For decades the University of Mississippi had a monopoly on marijuana grown for research. The license granted to Maridose is a step toward ending that monopoly and expanding access to modern cannabis strains for research on cannabis and cannabis-derived products.
Maridose is now an alternative to the University of Mississippi and is licensed by the Drug Enforcement Agency to supply cannabis and its extracts for research use in the United States. "We are very excited to receive this license from the DEA to produce and sell cannabis for research purpose, this a huge step for science and the future of cannabis.", said Richard Shain Maridose's Founder, "Our DEA Registration Number RM063095 is the culmination of over five years of working with the DEA and enables Maridose to legally sell a wide variety of cannabis products through the DEA to researchers and DEA-licensed pharmaceutical companies in the United States and internationally. The DEA has indicated that it will only issue a very limited number of them, and Maridose is proud to be one of the first companies to receive a license. Cannabis businesses operating in states that have state legal cannabis are unable to ship across state lines and operate at legal risk because cannabis remains a Schedule 1 substance at the federal level. Maridose is able to legally supply our customers without these risks and limitations."
Maridose is a leading DEA-licensed biopharmaceutical research and product development company focused on cannabis and cannabis-derived products (DEA Registration Number RM063095). The company was selected by the U.S. Department of Justice and Drug Enforcement Agency to legally cultivate, manufacture and sell cannabis and cannabis-derived products under federal law for research and pharmaceutical applications. Maridose is establishing a center of excellence in Brunswick Landing, Maine for best in class cannabis cultivation, research and product development.
Contact: INVESTORS: Jim Smith jamesadsmith@gmail.com 650-454-0811
RESEARCH: Steve Goldner sgoldner@regaffairs.net 248-515-0097
CEO/FOUNDER: Richard Shain richards@maridose.com 617-791-1932
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SOURCE Maridose LLC | https://www.kxii.com/prnewswire/2022/08/19/maridose-announces-federal-license-us-department-justice-drug-enforcement-agency-bulk-manufacture-sale-cannabis-cannabis-derived-products/ | 2022-08-19T13:45:00Z |
‘Doctor Strange’ conjures a big opening night as theaters prep for a vital summer
By Frank Pallotta, CNN Business
After the pandemic pummeled its business, the movie industry is counting on a comeback. The good news for theaters is they couldn’t ask for a better film to kick off the summer.
Marvel’s “Doctor Strange in the Multiverse of Madness” hits theaters this weekend. It’s one of the most anticipated films of the year from Hollywood’s most reliable brand.
The film, which stars Benedict Cumberbatch, debuts in more than 4,000 theaters and is expected to make $160 million to $180 million in North America. Some industry analysts believe the film could break the $200 million opening barrier, which would make it the ninth film ever to do so.
The film made $36 million Thursday night. That kind of start could create some momentum at a time when theaters find themselves stronger than they’ve been since the start of the pandemic.
“It’s hard to overstate the importance of this summer”
The summer of 2020 was a historical disaster for Hollywood.
Films were scarce (if not nonexistent), theaters struggled to turn on their marquees and the US box office brought in $176 million, according to Comscore.
That’s it. $176 million total for the entire summer, or $4.1 billion less than the summer of 2019, or less than what “Doctor Strange” alone could make this weekend. Last summer rebounded, but still lagged behind pre-pandemic numbers, bringing in $1.7 million domestically.
The box office so far this year is catching up, but it’s showing signs of recovery with hits like February’s “Uncharted,” March’s “The Batman” and April’s “Sonic The Hedgehog 2” leading the way.
This summer could potentially boost the good box office vibes even more.
“It’s hard to overstate the importance of this summer for the movie industry,” Shawn Robbins, chief analyst at Boxoffice.com, told CNN Business. “We’ve seen clear demand for a return to big movies in theaters, but this summer presents the best test so far.”
Robbins believes that the top earners of this summer may “approach or perhaps exceed pre-pandemic standards.”
Beyond blockbuster Marvel films, which includes “Doctor Strange” and July’s “Thor: Love and Thunder,” the summer is full of all types of films that could find success.
There’s “Top Gun: Maverick, the sequel to the beloved action film starring Tom Cruise, “Jurassic World: Dominion, the new entry in the dinosaur saga, “Elvis,” a biopic about The King starring Tom Hanks, two notable family films with Pixar’s “Lightyear” and “Minions: The Rise of Gru” and “Nope,” Jordan Peele’s latest horror film.
It’s not just about money
“We’re moving further away from a point when the pandemic alone can be blamed for under-performances,” Robbins said. “This summer may demonstrate how much balance there can be as the industry adapts and improves.”
That’s important not just for this summer’s box office, but could play into the rest of the year too.
“Summer has always been vitally important for theaters and the success of these all-important 18 weeks sets the tone for the entire year’s performance,” Paul Dergarabedian, senior media analyst at Comscore, told CNN Business.
He noted that summer is “traditionally responsible for 40% on average of the annual box-office.”
But this year the summer isn’t just about money, it’s about symbolism.
The pandemic is still ongoing and theaters have a long way to go before truly bouncing back. Yet, there’s reason for optimism.
“The success the industry has seen so far this year is great news for theaters that have spent the past two years methodically and patiently creating building blocks of normalcy,” Dergarabedian said. “All of it was to get to something approaching a normal summer movie marketplace at the multiplex, and we may be finally getting there.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/money/cnn-business-consumer/2022/05/06/doctor-strange-conjures-a-big-opening-night-as-theaters-prep-for-a-vital-summer-2/ | 2022-05-06T16:56:19Z |
Sekr's crowdsourced mobile platform for outdoor travel and countless other bold innovations are highlighted by the sixth annual awards honoring the products, concepts, companies, policies, and designs that are driving change, tackling issues from climate change to inequality.
SAN DIEGO, May 3, 2022 /PRNewswire/ -- The winners of Fast Company's 2022 World Changing Ideas Awards were announced today, honoring clean technology, innovative corporate initiatives, brave new designs for cities and buildings, and other creative works that are supporting the growth of positive social innovation, tackling social inequality, climate change, and public health crises.
Sēkr, a women and minority-founded, crowdsourced mobile platform making every step of the outdoor travel planning experience easier, safer, and more social, was named a Finalist in the App category. From full-time digital nomads to the occasional road tripper, the company is creating an inclusive community with access to 50K+ campsites, including the nation's largest database of free campsites. The company is committed to addressing the lack of diversity in outdoor spaces not only via its mobile platform, but also its coalition, Project Respect Outdoors (PRO), that unites women+ business owners, non-profit leaders and grassroots change makers and their allies to bring awareness to shared experiences and take scalable action to evolve the outdoor industry into a more inclusive space.
Now in its sixth year, the World Changing Ideas Awards showcase 39 winners, 350 finalists, and more than 600 honorable mentions—with climate,social justice, and AI and data among the most popular categories. A panel of eminent Fast Company Editors and reporters selected winners and finalists from a pool of more than 2,997 entries across transportation, education, food, politics, technology, health, social justice, and more. In addition, several new categories have been added this year including climate, nature, water, and workplace. The 2022 awards feature entries from across the globe, from Switzerland to HongKong to Australia.
"Being named to Fast Company's World Changing Ideas Awards is absolutely surreal," said Breanne Acio, co-founder and CEO of Sekr. "Our team genuinely wants to change the world, and this honor speaks to our team's work towards that by not only providing our app's members greater access to the outdoor industry, but also changing the outdoor travel industry into a place that is more inclusive of more people."
Fast Company's Summer 2022 issue (on newsstands May 10, 2022) will showcase some of the world's most inventive entrepreneurs and companies tackling global challenges. The issues highlight, among others, probiotics for coral reefs, easy-to-assemble kit homes for refugees or disaster survivors, a 3Dprinted vaccine patch, an electric truck, a system to heat homes from the waste heat of a name-brand factory, and prosecutor-initiated resentencing for overly long prison sentences.
"We are consistently inspired by the novelty and creativity that people are applying to solve some of our society's most pressing problems, from shelter to the climate crisis. Fast Company relishes its role in amplifying important, innovative work to address big challenges," says David Lidsky, interim editor-in-chief of Fast Company. "Our journalists have identified some of the most ingenious initiatives to launch since the start of 2021, which we hope will both have a meaningful impact and lead others to join in being part of the solution."
For more information, visit https://sekr.com. Download the app for iOS here or for Android here.
About the World Changing Ideas Awards:
World Changing Ideas is one of Fast Company's major annual awards programs and is focused on social good, seeking to elevate finished products and brave concepts that make the world better. A panel of judges from across sectors choose winners, finalists, and honorable mentions based on feasibility and the potential for impact. With the goals of awarding ingenuity and fostering innovation, Fast Company draws attention to ideas with great potential and helps them expand their reach to inspire more people to start working on solving the problems that affect us all.
About Sekr:
Sēkr is a crowdsourced mobile platform making every step of the outdoor travel planning experience easier, safer, and more social. From full-time digital nomads to the occasional road tripper, the company is creating an inclusive community through access to 50K+ campsites, including the nation's largest database of free campsites. Founded in 2018, Sēkr's dedicated team partners with local non-profit organizations, including Leave No Trace and Tread Lightly!, to promote responsible recreation and the conservation of the outdoors. The company is also committed to addressing the lack of diversity in outdoor spaces through its coalition, Project Respect Outdoors, which unites women and minorities to take scalable action to evolve the outdoor industry into a more inclusive space. Follow Sēkr on Facebook, YouTube, Instagram, and LinkedIn.
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SOURCE Sēkr | https://www.wibw.com/prnewswire/2022/05/03/sekr-named-finalist-app-category-fast-companys-2022-world-changing-ideas/ | 2022-05-03T14:58:20Z |
CALGARY, AB, Aug. 4, 2022 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today its financial and operating results for the second quarter 2022.
Highlights
- Strong Quarterly Results – delivered earnings of $418 million and adjusted EBITDA of $849 million, the latter representing a record for a second quarter, reflecting higher natural gas liquids ("NGL") and crude oil prices and margins, and rising volumes on key systems.
- Guidance Raised – 2022 adjusted EBITDA guidance range has been increased to $3.575 to $3.675 billion (previously $3.45 to $3.6 billion).
- NEBC Producer Commitment – Pembina has executed the previously referenced long-term agreements with a third leading Northeast British Columbia ("NEBC") Montney producer, which include the commitment of significant volumes from another multi-phase NEBC Montney development.
- Alliance Recontracting – open seasons conducted during the second quarter further strengthened Alliance's contracting profile and continue to highlight the strong AECO-Chicago price differential and the value of Alliance's reliable and highly competitive access to mid-western U.S. gas markets, and as a conduit to the Gulf Coast and its robust liquified natural gas ("LNG") market.
- ESG – Pembina continues to advance execution of its environmental, social, and governance ("ESG") strategy with a $1 billion sustainability-linked revolving credit facility, a second renewable power purchase agreement ("PPA"), and meaningful progress on its equity, diversity, and inclusion ("EDI") targets.
Financial and Operational Overview
Financial and Operational Overview by Division
For further details on the Company's significant assets, including definitions for capitalized terms used herein that are not otherwise defined, refer to Pembina's Annual Information Form for the year ended December 31, 2021 filed at www.sedar.com (filed with the U.S. Securities and Exchange Commission at www.sec.gov under Form 40-F) and on Pembina's website at www.pembina.com.
Financial & Operational Highlights
Adjusted EBITDA
Change in Second Quarter Adjusted EBITDA ($ millions)(1)
In the second quarter, Pembina reported adjusted EBITDA of $849 million, representing a $71 million, or nine percent, increase over the same period in the prior year. Relative to the prior period, the second quarter was positively impacted by stronger marketing results due to higher margins on crude oil and NGL sales, a combination of higher volumes on the Peace Pipeline system and higher tolls due to inflation, and higher contributions from Aux Sable and Alliance. These positive factors were partially offset by a lower contribution from Ruby, due to Ruby Pipeline L.L.C. ("Ruby Pipeline") filing for bankruptcy protection on March 31, 2022; higher realized losses on commodity-related derivatives; lower contracted volumes on the Nipisi and Mitsue pipeline systems, due to the expiration of contracts; and higher general and administrative costs, primarily due to higher long-term incentive costs driven by Pembina's relative share price performance.
Earnings
Change in Second Quarter Earnings ($ millions)(1)(2)
Pembina recorded second quarter earnings of $418 million, representing a $164 million, or 65 percent, increase relative to the same period in the prior year. Relative to the prior period, in addition to the factors impacting adjusted EBITDA, as noted above, earnings in the second quarter were positively impacted by lower other expense and impairments and a higher unrealized gain on commodity-related derivatives. Second quarter earnings were negatively impacted by higher income tax expense, and higher net finance costs due to foreign exchange losses compared to gains in the second quarter of 2021.
Cash Flow From Operating Activities
Cash flow from operating activities of $604 million for the second quarter represents an increase of $20 million, or three percent, over the same period in the prior year. The increase was primarily driven by an increase in operating results after adjusting for non-cash items, higher distributions from equity accounted investees, and an increase in payments collected through contract liabilities, partially offset by changes in non-cash working capital, higher taxes paid, and higher net interest paid. On a per share (basic) basis, cash flow from operating activities increased by three percent due to the same factors.
Adjusted Cash Flow From Operating Activities
Adjusted cash flow from operating activities of $683 million represents a $145 million, or 27 percent, increase over the same period in the prior year. The increase was due to the factors impacting cash flow from operating activities, discussed above, excluding the impact of the change in non-cash working capital and taxes paid. On a per share (basic) basis, adjusted cash flow from operating activities increased by 26 percent due to the same factors.
Volumes
Total volumes of 3,344 mboe/d for the second quarter represent a decrease of approximately four percent over the same period in the prior year. The decrease was the result of lower volumes in both Pipelines and Facilities as discussed in Divisional Highlights below. Excluding the volume impact of contract expirations on the Nipisi and Mitsue pipeline systems and Ruby Pipeline entering bankruptcy protection, second quarter volumes would have increased approximately one percent over the same period in the prior year.
Divisional Highlights
- Pipelines reported adjusted EBITDA for the second quarter of $523 million, consistent with $522 million in the same period in the prior year. The second quarter was positively impacted by higher volumes and higher tolls on certain pipeline systems, higher share of profit from Alliance due to higher volumes resulting from a wider AECO-Chicago natural gas price differential, in combination with the sale of linepack inventory, and higher recognition of deferred revenue volumes on the Vantage Pipeline. These positive factors were offset by a lower contribution from Ruby, due to Ruby Pipeline filing for bankruptcy protection on March 31, 2022, and the expiration of contracts on the Nipisi and Mitsue pipeline systems.
Pipelines had reportable segment earnings before tax in the second quarter of $382 million, representing a $57 million, or 18 percent increase over the same period in the prior year. The increase was primarily due to the same items impacting adjusted EBITDA, discussed above, excluding the impact of a lower contribution from Ruby, as well as lower depreciation.
Pipelines volumes of 2,476 mboe/d in the second quarter represent a six percent decrease compared to the same period in the prior year. The decrease was largely driven by Ruby Pipeline filing for bankruptcy protection and lower contracted volumes on the Nipisi and Mitsue pipeline systems, due to contract expirations, combined with lower volumes on the Alberta Ethane Gathering System due to third party outages. These factors were partially offset by higher volumes on the Peace Pipeline system, Vantage Pipeline, Drayton Valley Pipeline, and Cochin Pipeline. Excluding the volume impact of contract expirations on the Nipisi and Mitsue pipeline systems and Ruby Pipeline entering bankruptcy protection, second quarter volumes would have increased approximately one percent over the same period in the prior year. - Facilities reported adjusted EBITDA of $277 million for the second quarter, representing a $7 million, or three percent, increase over the same period in the prior year. The second quarter was positively impacted by a realized gain on commodity-related derivatives and higher contracted volumes at the Cutbank Complex.
Facilities had reportable segment earnings before tax in the second quarter of $143 million, which represents an $18 million, or 11 percent, decrease over the same period in the prior year. In addition to the items impacting adjusted EBITDA, discussed above, the decrease is primarily due to an unrealized loss on commodity-related derivatives in the second quarter of 2022, compared to a gain in the same period in the prior year, related to certain gas processing fees that are tied to AECO prices, and higher depreciation, partially offset by a lower impairment charge.
Facilities volumes of 868 mboe/d in the second quarter represent a one percent decrease compared to the same period in the prior year. The quarterly decrease is largely due to lower volumes at the Saturn Complex as a result of scheduled maintenance, partially offset by higher contracted volumes at the Cutbank Complex. - Marketing & New Ventures reported second quarter adjusted EBITDA of $103 million, which represents a $65 million, or 171 percent, increase compared to the second quarter of 2021. Higher margins on crude oil and NGL sales, partially offset by a higher realized loss on commodity-related derivatives, combined with a higher contribution from Aux Sable due to a wider AECO-Chicago natural gas price differential and higher NGL margins, contributed to a significant increase in results for the marketing business relative to the same period in the prior year.
Marketing & New Ventures had second quarter reportable segment earnings before tax of $139 million, representing a $130 million increase over the same period in the prior year. In addition to the items impacting adjusted EBITDA, discussed above, the increase was due to an unrealized gain on commodity-related derivatives in the second quarter of 2022, compared to an unrealized loss on commodity-related derivatives in the same period in 2021.
Marketed NGL volumes of 176 mboe/d in the second quarter were largely consistent with the same period in the prior year.
Executive Overview & Business Update
Pembina once again delivered a strong quarterly result with adjusted EBITDA of $849 million, setting a record for a second quarter. While typically a lower contribution quarter given the seasonality in Pembina's NGL marketing business, the second quarter benefited from continued growth in volumes across many of Pembina's systems, higher NGL margins and a strong contribution from the crude oil marketing business. Further, Pembina is pleased to offer the following mid-year update and commentary on its business.
- Based on strong year-to-date results and the outlook for the remainder of the year, Pembina has raised its 2022 adjusted EBITDA guidance range to $3.575 to $3.675 billion (previously $3.45 to $3.6 billion). Relative to Pembina's previous guidance, the revised outlook for 2022 primarily reflects stronger marketing results, higher contributions from the Alliance and Cochin pipelines as well as certain assets in the gas services business, and the anticipated closing of the proposed transaction with KKR in August 2022.
- Year-to-date, Pembina has generated cash flow from operating activities of nearly $1.3 billion, which has been used to fund dividend payments and the capital program, with the excess used to repurchase common shares and reduce debt, thereby strengthening the Company's leverage metrics. Pembina remains committed to common share repurchases up to $350 million, subject to closing the Newco Transaction. Additional excess cash flow, if any, is expected to be used to reduce debt and position the Company for the future.
- Pembina recently announced that all regulatory approvals have been received in respect of the joint venture transaction with KKR combining their respective western Canadian natural gas processing assets into a single, new joint venture entity ("Newco") (the "Transaction"). With this key approval, Pembina, KKR, and Energy Transfer LP are working to satisfy the remaining conditions to close the Transaction, which is expected in August 2022. Consistent with Pembina and KKR's intention to divest upon announcing their joint venture, Pembina and KKR's global infrastructure funds will divest the 50 percent, non-operated interest in the Key Access Pipeline System, which will be contributed into Newco as part of the Transaction.
- In the Company's view, the potential opportunities within the Western Canadian Sedimentary Basin ("WCSB") remain underappreciated. Pembina continues to observe steady volume growth on key systems. Further, a positive outlook for additional future growth is being informed by a number of factors, including the sound financial position of Pembina's customers, price strength across all commodities in Pembina's value chain — crude oil, natural gas and NGL, the quality of WCSB formations such as the Montney and Duvernay, the development of LNG facilities on Canada's West Coast, the expansion of the Trans Mountain pipeline, and potential growth and diversification within Alberta's petrochemical sector. Overall, Pembina's outlook for meaningful medium-term volume growth in the WCSB remains unaltered.
- Pembina has now executed the previously referenced long-term agreements with a third leading NEBC Montney producer, Tourmaline Oil Corp. ("Tourmaline"), which include the commitment of significant volumes from another multi-phase NEBC Montney development. The agreements allow Tourmaline to call for future firm transportation and fractionation services on a take-or-pay basis as the acreage is developed. This most recent agreement, together with two other previously executed NEBC Montney service agreements, provide three leading Montney producers with certainty of transportation egress from this key area for their future development and access to the remainder of Pembina's integrated value chain, including fractionation and marketing services.
Pembina remains poised to benefit from a promising outlook for NEBC development. As a result of the long-term commitments under the three agreements, Pembina expects to have secured the transportation, fractionation, and marketing rights to a significant portion of forecasted future growth in the NEBC Montney, which collectively will support improved utilization of its existing assets as well as capital efficient expansion projects into the future. - Pembina continues to progress a multi-billion-dollar portfolio of potential growth projects, including most notably the Cedar LNG project and the Alberta Carbon Grid. Potential growth projects also include NEBC infrastructure solutions, NGL extraction facilities, cogeneration facilities, and expansions of various pipeline systems and facilities. In particular, with an increase in customer liquid commitments, specifically in NEBC, Pembina is currently engineering and evaluating up to an incremental 55,000 barrels per day ("bpd") of propane-plus fractionation capacity at the Pembina's Redwater Complex. The Redwater Complex allows for a capital efficient expansion due to existing feed/spec cavern storage, ownership of significant contiguous land holdings, and industry leading rail and pipeline connectivity. Significant existing infrastructure provides Pembina the flexibility to rightsize the incremental fractionation capacity to meet recently announced customer commitments, as well as incremental demand, in a de-risked, timely and cost-effective manner.
- The contracting of Alliance Pipeline continues to progress very well, highlighting the strong AECO-Chicago price differential and the value of Alliance's reliable and highly competitive access to mid-western U.S. gas markets, and as a conduit to the Gulf Coast and its robust LNG market. During the second quarter of 2022, Alliance offered three open seasons to the market. The largest of the open seasons resulted in approximately 270 mmcf/d of incremental long-term firm service, with a volume weighted average term of 15 years, commencing in November 2022. The other two open seasons were for short-term firm service. Recent open seasons have resulted in Alliance being contracted over 90 percent for both the current gas year, ending October 31, 2022, and the next gas year, ending October 31, 2023.
- Despite broader inflationary pressures across the global economy, Pembina continues to benefit from a variety of protections inherent in the business. First, many long-term agreements include inflation adjustment mechanisms in the toll structure and for short-term interruptible arrangements, there is an ability to periodically adjust tolls to market conditions. Second, the largest components of Pembina's operating costs are labour, power, and integrity and maintenance. The majority of Pembina's long-term contracts have provisions which allow Pembina to recover power costs, and in some cases, non-routine maintenance or integrity items. Third, as it relates to capital projects, line pipe for the Peace Pipeline Phase VIII Expansion ("Phase VIII") has been procured, and construction contracts have been structured to provide labour inflation protection. However, inflationary pressures may impact future growth projects, which may affect the viability and sanctioning of future projects. Finally, with respect to the balance sheet, as at June 30, approximately 95 percent of Pembina's outstanding debt carried fixed rates, and the weighted average term of the fixed-rate debt was approximately 13 years.
ESG Update
Sustainability-Linked Loan
As discussed in detail below under Financing Activity, Pembina has established a sustainability-linked loan, aligning its financing strategy with its ESG priorities. The facility contains pricing adjustments that reduce or increase borrowing costs based on Pembina's performance relative to a greenhouse gas ("GHG") emissions intensity reduction performance target. Previously, Pembina announced a target to reduce its GHG emissions intensity by 30 percent by 2030, relative to baseline 2019 levels. The specific terms of the new facility include annual intermediate targets that align with Pembina's trajectory towards its 2030 goal. Establishing this facility further highlights Pembina's ESG commitment and ongoing efforts to integrate ESG into Pembina's business and financing strategy. Effectively managing GHG emissions is a key issue for the energy sector, and of the highest importance to Pembina and its stakeholders, including capital providers.
Renewable Power Purchase Agreement
During the second quarter, Pembina entered into a power purchase agreement for 105 megawatts ("MW") of renewable energy and associated renewable attributes, with Wild Rose 2 Wind LP, a wholly owned subsidiary of Capstone Infrastructure Corporation ("Capstone"), over 15-years from Capstone's 192 MW Wild Rose 2 Wind Farm, currently in development.
Pembina is pleased to be working with Capstone on their project and furthering the Company's sustainability goals. Pembina views power purchase agreements as an effective tool to support development of renewable energy infrastructure, lower emissions, and support the transition to a lower carbon energy system. The PPA with Capstone also benefits Pembina by securing cost-competitive renewable energy and fixing the price for a portion of the power Pembina consumes.
The PPA with Capstone supplements the previously announced PPA with a subsidiary of TransAlta Corporation at the Garden Plain Wind Project. The total amount of renewable power to be purchased annually under the two PPAs represents approximately 30 percent of Pembina's 2020 power consumption and Pembina expects to receive emission offsets for a total of approximately 3.7 million tonnes of carbon dioxide ("CO2") equivalent. Pembina has the option to use the offsets to reduce its own emissions or monetize the offsets to third parties.
Equity, Diversity, and Inclusion Progress
Further to Pembina's ESG strategy, Pembina continues to demonstrate its commitment to equity, diversity, and inclusion in the workplace. In an effort to increase the representation of women and other underrepresented groups at all levels of the organization, including the board of directors, Pembina previously announced the EDI targets shown below and is pleased to provide an update on its progress towards those targets.
Pembina established EDI targets because it believes that a diverse and inclusive workplace increases its long-term value and resilience. Over the past year, Pembina has made tremendous progress toward its goals, including expanding representation in executive leadership roles, both at the Vice President and Senior Vice President levels, and also on the board. The Company is well positioned to deliver on its targets and broader EDI initiatives are enabling Pembina to create a safe and inclusive workplace and attract and retain a broad and diverse talent pool at all levels of the organization.
Projects and New Developments
Pipelines
- The Phase VII Peace Pipeline Expansion ("Phase VII") was completed approximately $150 million under budget and was placed into service on June 1, 2022. Phase VII was constructed to provide transportation for the growing condensate supply in the WCSB and will divert condensate off of the existing LaGlace-Kakwa-Fox Creek corridor, creating additional firm capacity for Pembina's customers.
The volumes tied to the contracts underpinning Phase VII began flowing on an interruptible basis in advance of the in-service date using existing spare capacity on the Peace Pipeline system, and therefore were largely reflected in Pembina's second quarter 2022 financial results. In addition to allowing for increased product segregation across the Peace Pipeline system, the incremental benefit of Phase VII and the Phase IX Peace Pipeline Expansion ("Phase IX"), discussed below, will continue to be realized going forward as these expansions are designed to alleviate system constraints and create additional segment capacity to enhance Pembina's customer service offering and accommodate future growth. - During the second quarter, Pembina reactivated the previously deferred Phase VIII Peace Pipeline Expansion. Phase VIII will enable segregated pipeline service for ethane-plus and propane-plus NGL mix from Gordondale, Alberta, which is centrally located within the Montney trend, into the Edmonton area for market delivery. The project includes new 10-inch and 16-inch pipelines, totaling approximately 150 km, in the Gordondale to La Glace corridor of Alberta, as well as new mid-point pump stations and terminal upgrades located throughout the Peace Pipeline system. Phase VIII will add approximately 235,000 bpd of incremental capacity between Gordondale, Alberta and La Glace, Alberta, as well as approximately 65,000 bpd of capacity between La Glace, Alberta and the Namao hub near Edmonton, Alberta.
The project has an estimated cost of approximately $530 million, which relative to the original $500 million cost estimate, reflects additional capital compared to the original scope, including $90 million of infrastructure previously removed out of Phase VII. Further, the revised cost estimate reflects the net positive effect of cost savings arising from contracting strategies and value engineering over cost increases due to market factors. Approximately $75 million had been spent on this project at the end of 2021, with an incremental $65 million expected to be spent in 2022.
Engineering and procurement activities are underway and Phase VIII is trending on-time and on-budget with an expected in-service date in the first half of 2024. - Phase IX includes new 6-inch and 16-inch pipelines debottlenecking the corridor north of Gordondale, Alberta as well as upgrades at one pump station. In addition, this expansion will see existing pipelines, which are currently batching, converted to single product lines. Phase IX also includes a pump station in the Wapiti-to-Kakwa corridor that was previously part of the Phase VII project scope. Construction of the Wapiti-to-Kakwa pump station was completed in July 2022. Further, clearing activities are complete and mainline pipeline construction commenced in June as planned. Phase IX remains on-time and on-budget with an estimated cost of approximately $120 million and an expected in-service date in the fourth quarter of 2022.
Facilities
- The Empress Cogeneration Facility will use natural gas to generate up to 45 megawatts of electrical power, thereby reducing overall operating costs by providing electricity and heat to the existing Empress NGL Extraction Facility. All the power will be consumed on site, thereby supplying up to 90 percent of the site's electrical requirements. Further, this project will contribute to annual GHG reductions at the Empress NGL Extraction Facility through the utilization of the cogeneration waste heat and the low-emission power generated. Pembina anticipates a reduction of approximately 90,000 tonnes of CO2 equivalent per year based on the current energy demand of the Empress NGL Extraction Facility. Construction is progressing, with the electrical contractor finishing their scope of work and commissioning activities underway. The project is trending on budget with an estimated cost of approximately $120 million, and is now anticipated to come into service ahead of schedule in the third quarter of 2022, compared to its original in-service date in the fourth quarter of 2022.
Marketing & New Ventures
- Pembina and TC Energy Corporation ("TC Energy") intend to develop the Alberta Carbon Grid ("ACG"), a world-leading carbon transportation and sequestration platform that will enable Alberta-based industries to effectively manage their GHG emissions, contribute positively to Alberta's current and future lower-carbon economy, and create sustainable long-term value for Pembina and TC Energy stakeholders. During the first quarter of 2022, the Government of Alberta announced that ACG was successfully chosen to move to the next stage of the province's carbon capture utilization and storage process in the industrial heartland. During the second quarter, Pembina and TC Energy progressed discussions with the Government of Alberta, surface and sub-surface engineering and planning, and engagement with customers and stakeholders. Pembina and TC Energy are exploring options to potentially create several hubs throughout the province to gather and store CO2 safely and cost-effectively from multiple industries. Pembina's and TC Energy's long-term vision is to annually transport and store up to 20 million tonnes of CO2 through several hubs across Alberta.
- Pembina has formed a partnership with the Haisla First Nation to develop the proposed Cedar LNG Project, a floating LNG facility strategically positioned to leverage Canada's abundant natural gas supply and British Columbia's growing LNG infrastructure to produce industry-leading low carbon, low-cost Canadian LNG for overseas markets. Cedar LNG's application for an Environmental Assessment Certificate was submitted to the British Columbia Environmental Assessment Office in February of 2022 and is currently under review. Front End Engineering Design activities and commercial discussions with a diverse group of potential customers are both underway. Through ongoing commercial discussions, there is considerable interest to get WCSB natural gas to international markets, while at the same time diversifying to new supply sources.
Financing Activity
- During the second quarter of 2022, 1.4 million common shares were repurchased for cancellation under Pembina's normal course issuer bid ("NCIB") at an average price of $48.30 per share and a total cost of approximately $66 million. An additional 0.3 million common shares, at a total cost of approximately $11 million, were repurchased under the NCIB subsequent to the second quarter, in July. Pembina has now repurchased 2.7 million common shares, at a total cost of approximately $122 million, since late 2021.
- Subsequent to the quarter, on July 27, 2022, Pembina replaced its $2.5 billion revolving credit facility (the "Revolving Facility") with two credit facilities: an unsecured $1 billion sustainability-linked revolving credit facility (the "SLL Credit Facility") that has a term of four years, maturing June 2026 and an amendment and restatement of the Revolving Facility into an unsecured $1.5 billion revolving credit facility, which includes a $750 million accordion feature and matures in June 2027 (the "New Revolving Facility"). The SLL Credit Facility contains pricing adjustments that reduce or increase borrowing costs based on Pembina's performance relative to a GHG emissions intensity reduction performance target. With the exception of the sustainability-linked adjustments to borrowing costs, the terms and conditions of the SLL Credit Facility and the New Revolving Facility, including financial covenants, are substantially similar to each other and are substantially similar to the Revolving Facility.
Dividends
- Pembina declared and paid dividends of $0.21 per common share in April, May and June 2022 for the applicable record dates.
- In connection with the Newco Transaction with KKR, upon closing, and subject to approval and declaration by its Board of Directors, Pembina intends to increase its common share dividend by $0.0075 per share per month, or 3.6 percent. The increase, if implemented, would reflect the expected immediate cash flow accretion from creation of the joint venture.
- Pembina declared and paid quarterly dividends per Class A Preferred Share of: Series 1: $0.306625; Series 3: $0.279875; Series 5: $0.285813; Series 7: $0.27375; Series 9: $0.268875; and Series 21: $0.30625 to shareholders of record as of May 2, 2022. Pembina also declared and paid quarterly dividends per Class A Preferred Share of: Series 15: $0.279; Series 17: $0.301313; and Series 19: $0.29275 to shareholders of record on June 15, 2022. Pembina also declared and paid quarterly dividends per Class A Preferred Share of Series 23: $0.328125; and Series 25: $0.325 to shareholders of record on May 2, 2022.
Second Quarter 2022 Conference Call & Webcast
Pembina will host a conference call on Friday, August 5, 2022, at 8:00 a.m. MT (10:00 a.m. ET) for interested investors, analysts, brokers and media representatives to discuss results for the second quarter of 2022. The conference call dial-in numbers for Canada and the U.S. are 1-647-792-1240 or 1-800-437-2398. A recording of the conference call will be available for replay until August 12, 2022, at 11:59 p.m. ET. To access the replay, please dial either 1-647-436-0148 or 1-888-203-1112 and enter the password 3331229.
A live webcast of the conference call can be accessed on Pembina's website at www.pembina.com under Investors / Presentation & Events, or by entering:
https://produceredition.webcasts.com/starthere.jsp?ei=1501654&tp_key=8352814379 in your web browser. Shortly after the call, an audio archive will be posted on the website for a minimum of 90 days.
About Pembina
Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for more than 65 years. Pembina owns an integrated network of hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and a growing export terminals business. Through our integrated value chain, we seek to provide safe and reliable infrastructure solutions which connect producers and consumers of energy across the world, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, please visit www.pembina.com.
Purpose of Pembina:
To be the leader in delivering integrated infrastructure solutions connecting global markets:
- Customers choose us first for reliable and value-added services;
- Investors receive sustainable industry-leading total returns;
- Employees say we are the 'employer of choice' and value our safe, respectful, collaborative and inclusive work culture; and
- Communities welcome us and recognize the net positive impact of our social and environmental commitment.
Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division.
Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. For more information, visit www.pembina.com.
Forward-Looking Statements and Information
This document contains certain forward-looking statements and forward-looking information (collectively, "forward-looking statements"), including forward-looking statements within the meaning of the "safe harbor" provisions of applicable securities legislation, that are based on Pembina's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking statements can be identified by terminology such as "continue", "anticipate", "schedule", "will", "expects", "estimate", "potential", "planned", "future", "outlook", "strategy", "protect", "trend", "commit", "maintain", "focus", "ongoing", "believe" and similar expressions suggesting future events or future performance.
In particular, this document contains forward-looking statements, including certain financial outlooks, pertaining to, without limitation, the following: Pembina's corporate strategy and the development of new business initiatives and growth opportunities, including the anticipated benefits therefrom and the expected timing thereof; expectations about industry activities and development opportunities, including operating segment outlooks and general market conditions for 2022 and thereafter; expectations about future demand for Pembina's infrastructure and services; expectations relating to new infrastructure projects, including the benefits therefrom and timing thereof; Pembina's sustainability, climate change and environmental, social and governance plans, initiatives and strategies, including expectations relating to Pembina's GHG emissions reduction target, and the anticipated benefits thereof; Pembina's revised 2022 annual guidance, including the Company's expectations regarding its adjusted EBITDA; expectations relating to the joint venture transaction between Pembina and KKR, including the terms thereof, the assets to be contributed by Pembina and KKR, the expected closing date and the anticipated benefits thereof to Pembina; Pembina's future common share dividends, including Pembina's intention to increase the amount thereof following closing of the joint venture transaction with KKR; planning, construction and capital expenditure estimates, schedules and locations; expected capacity, incremental volumes, completion and in-service dates; rights, activities and operations with respect to the construction of, or expansions on, existing pipelines systems, gas services facilities, processing and fractionation facilities, terminalling, storage and hub facilities and other facilities or energy infrastructure, as well as the impact of Pembina's growth projects on its future financial performance and stakeholders; expectations regarding Pembina's commercial agreements, including the expected timing and benefit thereof; statements regarding the Company's intention to repurchase common shares; expectations, decisions and activities related to the Company's projects and new developments; the impact of current and expected market conditions on Pembina; expectations regarding the Company's ability to return capital to shareholders; and statements regarding the Company's capital allocation strategy, including the revised 2022 capital expenditure program and expected future cash flows.
The forward-looking statements are based on certain assumptions that Pembina has made in respect thereof as at the date of this news release regarding, among other things: oil and gas industry exploration and development activity levels and the geographic region of such activity; the success of Pembina's operations; prevailing commodity prices, interest rates, carbon prices, tax rates and exchange rates; the ability of Pembina to maintain current credit ratings; the availability of capital to fund future capital requirements relating to existing assets and projects; future operating costs; geotechnical and integrity costs; that any third-party projects relating to Pembina's growth projects will be sanctioned and completed as expected; the ability of Pembina and KKR to satisfy the conditions to closing of the joint venture transaction in a timely manner and substantially on the terms described herein; the ability of Newco to satisfy the conditions to closing of the acquisition of the remaining 51% interest in ETC in a timely manner and substantially on the terms described herein; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms and in a timely manner; that counterparties will comply with contracts in a timely manner; that there are no unforeseen events preventing the performance of contracts or the completion of the relevant projects; prevailing regulatory, tax and environmental laws and regulations; maintenance of operating margins; the amount of future liabilities relating to lawsuits and environmental incidents; and the availability of coverage under Pembina's insurance policies (including in respect of Pembina's business interruption insurance policy).
Although Pembina believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that these expectations, factors and assumptions will prove to be correct. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties including, but not limited to: the regulatory environment and decisions and Indigenous and landowner consultation requirements; the impact of competitive entities and pricing; reliance on third parties to successfully operate and maintain certain assets; labour and material shortages; reliance on key relationships and agreements; the strength and operations of the oil and natural gas production industry and related commodity prices the ability of Pembina and KKR to satisfy, in a timely manner, the other conditions to the closing of the joint venture transaction; the failure to realize the anticipated benefits and/or synergies of the joint venture transaction following closing due to integration issues or otherwise; expectations and assumptions concerning, among other things: customer demand for Newco's assets and services; non-performance or default by counterparties to agreements which Pembina or one or more of its affiliates has entered into in respect of its business; adverse actions by governmental or regulatory authorities, including changes in tax laws and treatment, changes in project assessment regulations, royalty rates, climate change initiatives or policies or increased environmental regulation; the ability of Pembina to acquire or develop the necessary infrastructure in respect of future development projects; fluctuations in
operating results; adverse general economic and market conditions in Canada, North America and Internationally, including changes, or prolonged weaknesses, as applicable, in interest rates, foreign currency exchange rates, commodity prices, supply/demand trends and overall industry activity levels; risks related to the current and potential adverse impacts of the COVID-19 pandemic; constraints on the, or the unavailability of, adequate infrastructure; the political environment in North American and elsewhere, and public opinion; the ability to access various sources of debt and equity capital, and on acceptable terms; adverse changes in credit ratings; counterparty credit risk; technology and cyber security risks; natural catastrophes; the conflict between Ukraine and Russia and its potential impact on, among other things, global market conditions and supply and demand, energy and commodity prices; interest rates, supply chains and the global economy generally; and certain other risks detailed in Pembina's Annual Information Form and Management's Discussion and Analysis, each dated February 24, 2022 for the year ended December 31, 2021 and from time to time in Pembina's public disclosure documents available at www.sedar.com, www.sec.gov and through Pembina's website at www.pembina.com. In addition, the closing of the joint venture transaction may not be completed or may be delayed if Pembina's and KKR's respective conditions to the closing are not satisfied on the anticipated timelines or at all. Accordingly, there is a risk that the joint venture transaction will not be completed within the anticipated timeline, on the terms currently proposed and disclosed in this news release or at all.
In respect of the forward-looking statements concerning the anticipated increase in Pembina's common dividend following completion of the joint venture transaction with KKR, Pembina has made such forward-looking statements in reliance on certain assumptions that it believes are reasonable at this time, including assumptions in respect of: prevailing commodity prices, interest rates, margins and exchange rates; that future results of operations will be consistent with past performance, as applicable, and management expectations in relation thereto, including in respect of Newco's future results of operations; the continued availability of capital at attractive prices to fund future capital requirements relating to existing assets and projects,
including, but not limited to, future capital expenditures relating to expansion, upgrades and maintenance shutdowns; future cash flows and operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; that there are no unforeseen material construction or other costs related to current growth projects or current operations; and that there are no unforeseen material construction or other costs related to current growth projects or current operations. Pembina will also be subject to requirements under applicable corporate laws in respect of declaring dividends at such time.
This list of risk factors should not be construed as exhaustive. Readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected by forward-looking statements contained herein. The forward-looking statements contained in this document speak only as of the date of this document. Pembina does not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable laws. Management approved the revised 2022 adjusted EBITDA guidance contained herein as of the date of this news release. The purpose of the revised 2022 adjusted EBITDA guidance is to assist readers in understanding Pembina's expected and targeted financial results, and this information may not be appropriate for other purposes. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
Non-GAAP and Other Financial Measures
Throughout this news release, Pembina has disclosed certain financial measures and ratios that are not defined in accordance with GAAP and which are not disclosed in Pembina's financial statements. Non-GAAP financial measures either exclude an amount that is included in, or include an amount that is excluded from, the composition of the most directly comparable financial measure determined in accordance with GAAP. Non-GAAP ratios are financial measures that are in the form of a ratio, fraction, percentage or similar representation that has a non-GAAP financial measure as one or more of its components. These non-GAAP financial measures and ratios are used by management to evaluate the performance and cash flows of Pembina and its businesses and to provide additional useful information respecting Pembina's financial performance and cash flows to investors and analysts.
In this news release, Pembina has disclosed the following non-GAAP financial measures and non-GAAP ratios: net revenue, adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"), adjusted cash flow from operating activities, and adjusted cash flow from operating activities per common share. These non-GAAP financial measures and ratios disclosed in this news release do not have any standardized meaning under International Financial Reporting Standards ("IFRS") and may not be comparable to similar financial measures or ratios disclosed by other issuers. The measures and ratios should not, therefore, be considered in isolation or as a substitute for, or superior to, measures of Pembina's financial performance, or cash flows specified, defined or determined in accordance with IFRS, including revenue, earnings, cash flow from operating activities and cash flow from operating activities per share.
Except as otherwise described herein, these non-GAAP financial measures and non-GAAP ratios are calculated on a consistent basis from period to period. Specific reconciling items may only be relevant in certain periods.
Below is a description of each non-GAAP financial measure and non-GAAP ratio disclosed in this news release, together with, as applicable, disclosure of the most directly comparable financial measure that is determined in accordance with GAAP to which each non-GAAP financial measure relates and a quantitative reconciliation of each non-GAAP financial measure to such directly comparable GAAP financial measure. Additional information relating to such non-GAAP financial measures, including disclosure of the composition of each non-GAAP financial measure, an explanation of how each non-GAAP financial measure provides useful information to investors and the additional purposes, if any, for which management uses each non-GAAP financial measure; an explanation of the reason for any change in the label or composition of each non-GAAP financial measure from what was previously disclosed; and a description of any significant difference between forward-looking non-GAAP financial measures and the equivalent historical non-GAAP financial measures, is contained in the "Non-GAAP & Other Financial Measures" section of the management's discussion and analysis of Pembina dated August 4, 2022 for the three and six months ended June 30, 2022 (the "MD&A"), which information is incorporated by reference in this news release. The MD&A is available on SEDAR at www.sedar.com, EDGAR at www.sec.gov and Pembina's website at www.pembina.com.
Net Revenue
Net revenue is a non-GAAP financial measure which is defined as total revenue less cost of goods sold including product purchases. The most directly comparable financial measure to net revenue that is determined in accordance with GAAP and disclosed in Pembina's financial statements is revenue.
Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization
Adjusted EBITDA is a non-GAAP financial measure and is calculated as earnings before net finance costs, income taxes, depreciation and amortization (included in operations and general and administrative expense) and unrealized gains or losses on commodity-related derivative financial instruments. The exclusion of unrealized gains or losses on commodity-related derivative financial instruments eliminates the non-cash impact of such gains or losses.
Adjusted EBITDA also includes adjustments to earnings for losses (gains) on disposal of assets, transaction costs incurred in respect of acquisitions, dispositions and restructuring, impairment charges or reversals in respect of goodwill, intangible assets, investments in equity accounted investees and property, plant and equipment, certain non-cash provisions and other amounts not reflective of ongoing operations. In addition, Pembina's proportionate share of results from investments in equity accounted investees with a preferred interest is presented in adjusted EBITDA as a 50 percent common interest. These additional adjustments are made to exclude various non-cash and other items that are not reflective of ongoing operations.
Adjusted EBITDA per common share is a non-GAAP ratio which is calculated by dividing adjusted EBITDA by the weighted average number of common shares outstanding.
2022 Adjusted EBITDA Guidance
The equivalent historical non-GAAP measure to 2022 adjusted EBITDA guidance is adjusted EBITDA for the year ended December 31, 2021.
Adjusted EBITDA from Equity Accounted Investees
In accordance with IFRS, Pembina's jointly controlled investments are accounted for using equity accounting. Under equity accounting, the assets and liabilities of the investment are presented net in a single line item in the Consolidated Statement of Financial Position, "Investments in Equity Accounted Investees". Net earnings from investments in equity accounted investees are recognized in a single line item in the Consolidated Statement of Earnings and Comprehensive Income "Share of Profit from Equity Accounted Investees". The adjustments made to earnings, in adjusted EBITDA above, are also made to share of profit from investments in equity accounted investees. Cash contributions and distributions from investments in equity accounted investees represent Pembina's share paid and received in the period to and from the investments in equity accounted investees.
To assist in understanding and evaluating the performance of these investments, Pembina is supplementing the IFRS disclosure with non-GAAP proportionate consolidation of Pembina's interest in the investments in equity accounted investees. Pembina's proportionate interest in equity accounted investees has been included in adjusted EBITDA.
Adjusted Cash Flow from Operating Activities and Adjusted Cash Flow from Operating Activities per Common Share
Adjusted cash flow from operating activities is a non-GAAP measure which is defined as cash flow from operating activities adjusting for the change in non-cash operating working capital, adjusting for current tax and share-based compensation payment, and deducting preferred share dividends paid. Adjusted cash flow from operating activities deducts preferred share dividends paid because they are not attributable to common shareholders. The calculation has been modified to include current tax and share-based compensation payment as it allows management to better assess the obligations discussed below.
Management believes that adjusted cash flow from operating activities provides comparable information to investors for assessing financial performance during each reporting period. Management utilizes adjusted cash flow from operating activities to set objectives and as a key performance indicator of the Company's ability to meet interest obligations, dividend payments and other commitments.
Adjusted cash flow from operating activities per common share is a non-GAAP ratio which is calculated by dividing adjusted cash flow from operating activities by the weighted average number of common shares outstanding.
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SOURCE Pembina Pipeline Corporation | https://www.mysuncoast.com/prnewswire/2022/08/04/pembina-pipeline-corporation-reports-strong-results-second-quarter-2022-raises-guidance-provides-business-esg-update/ | 2022-08-04T22:37:11Z |
PHOENIX, Aug. 2, 2022 /PRNewswire/ -- Thompson Thrift Residential, a wholly-owned affiliate of Thompson Thrift and one of the nation's leading multifamily developers, announced today the sale of The Wyatt, a 216-unit multifamily community located in the Phoenix suburb of Gilbert. The property was purchased by a private buyer from California for an undisclosed amount.
"There continues to be high demand for multifamily housing throughout Phoenix's rapidly growing submarkets," said Josh Purvis, managing partner for Thompson Thrift Residential. "The Wyatt earned a lot of interest from residents and buyers alike thanks to its high-quality construction, amenities and its prime location in a great school district."
Completed in May 2022, the Class A community offers 216 one-, two- and three-bedroom apartment homes averaging 978 square feet. Residents enjoy upgraded finishes including gourmet bar-kitchens with granite countertops, stainless steel appliance packages, walk-in closets and full-size washers and dryers. The resort-style amenities include a clubhouse, 24-hour fitness center with state-of-the-art equipment, a resort-quality swimming pool with cabana, and a pet-friendly "bark park".
Located at 1233 South Gilbert Road near Highway 202, The Wyatt is central to Gilbert's booming downtown district, which is home to major employers like Banner Health, Go Daddy, Deloitte and Northrop Grumman. The Wyatt's location provides its residents with access to a highly acclaimed public school district as well as numerous high-end retail shops, restaurants and entertainment options at the nearby Gilbert Heritage District and San Tan Village.
Steve Gebing with Institutional Property Advisors brokered the sale for Thompson Thrift.
About Thompson Thrift Real Estate Company
Thompson Thrift is an integrated full-service real estate company with offices in Indianapolis and Terre Haute, Indiana, Houston and Phoenix. Three business units drive Thompson Thrift's success—Thompson Thrift Residential which is focused on upscale Class A multifamily communities and luxury leased homes, Thompson Thrift Commercial which is focused on ground-up commercial development, and Thompson Thrift Construction, a full-service construction company. Through these business units, Thompson Thrift is engaged in all aspects of acquisition, development, construction, leasing, and management of quality multifamily, mixed-use, retail, industrial and commercial projects across the country. We are passionate about our customer's success and strive to ensure our projects not only meet the needs of our customers but also the communities we serve. For more information, please visit www.thompsonthrift.com
Contact:
Jennifer Franklin
Spotlight Marketing Communications
949.427.1385
jennifer@spotlightmarcom.com
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SOURCE Thompson Thrift | https://www.kxii.com/prnewswire/2022/08/02/thompson-thrift-residential-sells-wyatt-near-phoenix/ | 2022-08-02T17:59:09Z |
REDMOND, Wash., June 14, 2022 /PRNewswire/ -- Microsoft Corp. on Tuesday announced that its board of directors declared a quarterly dividend of $0.62 per share. The dividend is payable Sept. 8, 2022, to shareholders of record on Aug. 18, 2022. The ex-dividend date will be Aug. 17, 2022.
Microsoft (Nasdaq "MSFT" @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.
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SOURCE Microsoft Corp. | https://www.wibw.com/prnewswire/2022/06/14/microsoft-announces-quarterly-dividend/ | 2022-06-14T22:23:49Z |
University of Michigan (U-M) researchers claim “significantly flawed” analysis led the United States Postal Service (USPS) to downplay the environmental benefits of electric mail trucks.
The Postal Service has used its analysis to justify not making its entire fleet of next-generation mail trucks electric, which has drawn criticism from the White House, Congress, and environmental groups. U-M claims its researchers conducted a more rigorous study that still showed a much larger emissions reduction than the original analysis.
“U-M researchers conducted a cradle-to-grave greenhouse-gas emissions assessment—known as a life-cycle assessment, or LCA—of the two scenarios and reached some vastly different conclusions than the Postal Service did,” the university said in a press release. The LCA has a broader scope than the original USPS study, which only considered emissions from actual use of the vehicles.
The debate over electrifying the USPS mail truck fleet started more than 18 months ago, with the surprise announcement that only 10% of the USPS next-generation delivery trucks would be electric. That led environmental groups and a coalition of states to sue the USPS.
The USPS gave into pressure this summer, and now plans for 50% of its initial procurement of the next-generation vehicles to be electric, and when combined with other types of vehicles in the fleet, 40% will be electric.
U-M researchers looked at the original plan of 10% EVs, comparing it to an all-electric fleet. They found that greenhouse gas emissions under the 10%-EV scenario would be 15% higher than estimated by the USPS, while emissions from an all-electric fleet would be 8% lower than the USPS estimate.
The U-M study also factored in estimated reductions in electricity grid emissions over the targeted 20-year lifespan of the new mail trucks. The USPS study appeared to assume the grid won’t get any cleaner than the present—but of course it almost certainly will.
That makes a big difference. With grid decarbonization estimates factored in, U-M researchers predict that an all-electric fleet would result in up to 63% lower greenhouse gas emissions than the agency estimated, over the lifetime of the fleet.
These findings suggest the USPS should be electrifying at a rate much higher than even the raised 40% threshold, Greg Keoleian, senior author of the study, said in the release. The Inflation Reduction Act, which results in an extensive revamp of the EV tax credit and, for a time, a limited number of eligible EVs, included another $3 billion toward USPS electric vehicles—so the moment for a greater commitment is now.
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- Geely’s Zeekr will deliver EVs with 600+ mile range, CATL battery tech in Q1 2023 | https://cw33.com/automotive/internet-brands/researchers-find-original-usps-analysis-on-electric-mail-trucks-significantly-flawed/ | 2022-08-30T19:58:26Z |
Downtown Milwaukee will be under a limited curfew for the rest of the weekend and a massive watch party scheduled for Sunday has been called off after 21 people were injured in three separate shootings near an entertainment district where thousands gathered for an NBA playoff game.
In one of the shootings Friday night, 17 people were hurt when two groups started firing at each other. Three people were hurt in another shooting, and one in the third. All of the gunfire happened blocks from the arena where the Milwaukee Bucks lost to the Boston Celtics in Game 6 of the NBA’s Eastern Conference semifinals. All of the victims are expected to survive.
“What makes people think they can just have a shootout on a public street or in an entertainment district, whether police are there or not?” Assistant Police Chief Nicole Waldner asked at a Saturday news conference.
Mayor Cavalier Johnson said the city imposed a curfew for the downtown area requiring everyone age 20 or younger to be off the street by 11 p.m. for Saturday as well as Sunday — when the Bucks play at Boston in the decisive Game 7.
Meanwhile, a Game 7 outdoor watch party that had been planned in the Deer District entertainment area just outside the arena was called off. Jeff Fleming, a spokesman for Johnson, said in a text that the team decided to cancel the event “after consultation with the city and public safety agencies.”
The watch party for the Sunday afternoon game likely would have drawn well over 10,000 people. The Bucks said 11,000 attended a Game 6 watch party, even as more than 19,000 others were inside the arena.
“The shootings that happened in downtown Milwaukee last night were horrific and we condemn this devastating violence,” the Bucks said in a statement. It said the watch party was called off “to allow law enforcement to devote needed resources to the continued investigation of last night’s events,” but noted that Deer District businesses will remain open.
Johnson said those responsible for the shootings will be held accountable.
“We cannot have that in this city, nor anywhere else in this state, nor anywhere else in this country,” he said.
Waldner said three people, including a 16-year-old girl, were injured in the first shooting at 9:10 p.m., which was roughly five minutes before the game ended. One man was taken into custody.
The shooting happened just outside the boundaries of the Deer District, a 30-acre entertainment district that was developed after Fiserv Forum opened in 2018. It features numerous bars and restaurants where large crowds often assemble to watch major sporting events or to attend festivals.
Bill Reinemann, a parking attendant at a lot adjacent to Deer District, said he heard gunshots, then saw scores of people running away.
“It sounded like six to eight gunshots,” he said. “It was close.”
At 10:30 p.m., a second shooting left one person injured. No arrest was made, Waldner said.
Dozens of shots rang out at 11:09 p.m. in the third shooting that left 17 people hurt. Five of the injured were armed and were among the 10 people taken into custody, Waldner said. Police haven’t yet determined what set it off.
“There were a couple groups exchanging gunfire despite the incredible amount of police presence that was downtown,” Waldner said. “District 1 officers reported bullets whizzing past their heads.”
The Milwaukee Journal Sentinel reported that broken glass, empty alcohol bottles, single shoes and two bloody shirts littered the streets in the chaotic aftermath.
Jake O’Kane, 25, of Appleton, Wisconsin, attended the playoff game with his girlfriend. Afterward, they saw the commotion from the first shooting, then went a few blocks away and spent a couple hours at bars before deciding to take a Lyft ride to a restaurant.
O’Kane said they were outside waiting for their ride “then all of a sudden you hear the ‘pop, pop, pop’ behind you.”
O’Kane said he heard about 20 shots before he was able to capture 22 more on video. He estimated the gunfire was a few hundred yards away from his group.
When the driver pulled up less than two minutes later, “I said, bro — drive!” O’Kane said.
Milwaukee was among several U.S. cities that saw record numbers of killings in 2021, most of them involving guns. The list also included Philadelphia, Indianapolis and others.
Experts believe stress and pressures caused by the COVID-19 pandemic contributed to the violence. Johnson blamed easy access to guns.
“A central part of the problem is the fact that individuals easily get their hands on guns,” Johnson said. “This is not strictly a Milwaukee problem. Across the country we’ve seen a rise in shootings, both fatal and non-fatal.”
Of Milwaukee’s 193 killings in 2021, 180 were by firearms. Another 873 people were wounded in shootings, according to police data.
This year, the pace is even worse. Milwaukee has already recorded 77 killings, a 40% increase from the same time in 2021. The number of nonfatal shootings this year is 264, two less than from the same time a year ago.
O’Kane said he worries about the direction Milwaukee is going.
“Are we going to go to another game again, if we win? Yeah, I’m still going to end up going to Bucks games. But are we going to be partying out afterward outside? Hell no, not a chance.”
__
This story has been updated to correct the age of one of the people shot to 30, not 3. | https://cw33.com/news/u-s-news/ap-u-s-headlines/20-injured-in-milwaukee-shootings-after-bucks-playoff-game/ | 2022-05-15T06:05:24Z |
The Mega Millions jackpot has ballooned to $630 million after there were no winners to match Tuesday's winning six numbers.
The numbers were 2, 31, 32, 37, 70 plus the gold Mega Ball 25, according to the lottery's website. The night's $555 million jackpot was the fifth largest in the lottery's history.
The next drawing will be on Friday, when the cash prize is estimated to be $360 million.
Strong ticket sales helped push Tuesday's prize to its historical rank, which was about $317 million in cash, according to the lottery's website.
There were four big winners Tuesday who drew the first five numbers, winning $1 million each. Fifty-two winners matched the first four numbers and the Mega Ball, the lottery said.
A $20 million jackpot was won on April 15, and since then there have been more than 15.5 million winning tickets at all prize levels, including 25 worth $1 million or more, the lottery said ahead of last night's drawing.
Three other jackpots have been won this year -- a $426 million prize in California on January 28, a $128 million jackpot in New York on March 8, and $110 million in Minnesota on April 12.
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Led by Tiger Global, funding will accelerate product development to meet demand for healthcare service robot and enhance interoperability, integrations and efficiency in healthcare institutions
AUSTIN, Texas, April 11, 2022 /PRNewswire/ -- Austin-based robotic automation company, Diligent Robotics, today announced that it has closed over $30 million in Series B funding, bringing the total investment raised to date to nearly $50 million. Diligent Robotics develops socially-intelligent service robots and artificial intelligence solutions that enable robots to collaborate within and adapt to human environments.
The flagship product, Moxi, is a robot that performs delivery tasks for frontline healthcare teams. Stress and burnout have been a persistent problem in healthcare for years, creating a shortage of nurses and clinical staff. But over the past two years COVID-19 has accelerated this into a crisis moment, with projections of more than 1 million new nurses needed in the U.S. alone. More and more health systems are looking for automation to provide workforce augmentation at a critical time for this market.
Tiger Global, an investment firm focused on private and public companies in the internet, software, consumer, and financial technology sectors, led the Series B funding round. Diligent also maintains the support of existing investors, including True Ventures, DNX Venture, Ubiquity Ventures, E14 Fund, Next Coast Ventures, Boom Capital, Gaingels as well as additional commitments from new investors including Cedars-Sinai Health Ventures.
"We are proud to have the full support of our past investors and welcome our new partners who joined during our Series B raise," said Dr. Andrea Thomaz, co-founder of Diligent Robotics. "This new round of funding will help us scale the company to meet the incredible demand for our healthcare service robot. Thanks to the support of our investors and the Diligent team, we are focused on expanding automated support for clinical teams so nurses and clinicians can focus on tasks that matter most, patient care."
Founded in 2017, Diligent Robotics is the leading company in the social robotics space and the first to build a unique robot with social intelligence and mobile manipulation capabilities to help people in their work environments. In 2018, the company debuted Moxi, a collaborative robot assistant that assists clinical staff with routine, not-patient-facing tasks including fetching and delivering supplies, medications, or lab samples. Since launching and integrating into several healthcare systems, Moxi demonstrated improvement in overall clinical flows and gave care team members back valuable time to spend with their patients.
"We started implementing Moxi into our clinical workflows in December and planned on going through a trial phase to determine if the technology would be helpful to our staff," said Cody Blankenship, Vice President Performance Improvement at Mary Washington Healthcare. "Right away, we could see the impact Moxi made on the efficiency of our staff and how morale immediately increased. We were so impressed with what Moxi took off our team's hands, we chose to add even more robots to our fleet."
In the two years since its Series A funding, Diligent Robotics has achieved several milestones including:
- Moving from prototype to commercial deployment. Between 2018 and 2019, Diligent partnered with four health systems in Texas to complete a series of research trials. The team incorporated the learnings and demonstrated the commercial value of their robotic technology, incorporating direct feedback from care teams to shape how Moxi fits into clinical workflows today. The first commercial deployments of Moxi started in 2020.
- Moxi utilization and use cases with initial customers. Diligent saw initial success with early customers as nurses quickly adopted Moxi into their workflows. As Moxi is joining more teams, Diligent sees a consistent need to support clinical staff to offload a diverse set of tasks that interrupt a nurse's day, including sending and picking up things from the lab, delivering teleboxes, managing the "do not tube" medications, picking up patient's personal items or transferring pumps or other light-weight equipment from unit to unit. Now that Moxi is fully deployed and integrated into a diverse set of health systems across the nation from multi-location systems to smaller community hospitals or large academic and research-focused health systems, the demand is skyrocketing. Chief Nursing Officers from all sizes of healthcare institutions want to understand robotic solutions and how Diligent can help their clinical staff during the nursing shortage crisis.
- Began commercial organization build out. To support the high demand, Diligent quickly expanded their talented team across the entire business from operations, sales and engineering.
According to a report from Research and Markets, the global smart hospital market is estimated to be at $27.6 billion in 2021 and is expected to reach $82.89 billion by 2026, compounding at 24.6% annually.
"Robotic automation technology will be the key to optimizing efficiency and productivity in health care operations," said Connie Lee, Partner, Tiger Global. "As a leader in robotic technology, Diligent Robotics has been able to scale to meet demand while developing an impressive product that delivers tremendous value for its customers. We are excited to partner with Diligent Robotics as their positive impact on the healthcare system grows."
The funds raised during this round will help Diligent optimize supply chain and design teams for faster robot deployment. They will continue to enhance interoperability and drive purposeful integrations with existing hospital infrastructure, electronic health records and clinical communications, which will allow them to continue to meet the demands during the persistent nursing shortage. The team at Diligent is excited about the next chapter and how the Series B funding will be able to accelerate their plans.
"Diligent Robotics' participation in the Cedars-Sinai Accelerator program led to the exploration of our team testing this solution with our clinical teams," said Dr. David Marshall, Chief Nursing Executive at Cedars-Sinai in Los Angeles. "Using the robot to relieve front-line health care workers from point-to-point delivery and retrieval tasks has been successful in our original launch. Staff members have told me that gives them more time for direct patient care."
CONTACT: Christy Warring, cwarring@diligentrobots.com
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SOURCE Diligent Robotics | https://www.wibw.com/prnewswire/2022/04/11/diligent-robotics-raises-over-30-million-series-b-funding-round-deploy-collaborative-robots-healthcare-systems-across-nation/ | 2022-04-11T12:25:12Z |
BEIJING, Sept. 6, 2022 /PRNewswire/ -- TAL Education Group (NYSE: TAL) ("TAL" or the "Company"), a smart learning solutions provider in China, today announced that it will hold its annual general meeting of shareholders at 4/F Heying Center, Xiaoying West Street, Haidian District, Beijing, China, on September 16, 2022 at 10:00AM (Beijing time).
No proposal will be submitted for shareholder approval at the annual general meeting. Instead, the annual general meeting will serve as an open forum for shareholders and beneficial owners of the Company's American depositary shares ("ADSs") to discuss Company affairs with management.
The board of directors of the Company has fixed the close of business on September 6, 2022 as the record date (the "Record Date"). Holders of record of the Company's common shares at the close of business on the Record Date are entitled to notice of the annual general meeting and any adjournment or postponement thereof. Beneficial owners of the Company's ADSs are welcome to attend the AGM in person.
The notice of the annual general meeting is available on the Investor Relations section of the Company's website at http://en.100tal.com/investor. The Company has filed its annual report on Form 20-F (the "Annual Report"), which includes the Company's audited financial statements for the fiscal year ended February 28, 2022, with the U.S. Securities and Exchange Commission (the "SEC"). The Company's Annual Report can be accessed on the Investor Relations section of its website at https://ir.100tal.com, as well as on the SEC's website at http://www.sec.gov.
About TAL Education Group
TAL Education Group is a smart learning solutions provider in China. The acronym "TAL" stands for "Tomorrow Advancing Life", which reflects our vision to promote top learning opportunities for students through both high-quality teaching and content, as well as leading edge application of technology in the education experience. TAL Education Group offers comprehensive learning services to students from all ages through diversified class formats. Our learning services mainly cover enrichment learnings programs and some academic subjects in and out of China. Our ADSs trade on the New York Stock Exchange under the symbol "TAL".
For investor and media inquiries, please contact:
In China:
Jackson Ding
Investor Relations
TAL Education Group
Tel: +86 10 5292 6669-8809
Email: ir@tal.com
The Piacente Group, Inc.
Helen Wu
Tel: +86-10-6508-0677
Email: TAL@thepiacentegroup.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Phone: +1-212-481-2050
Email: TAL@thepiacentegroup.com
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SOURCE TAL Education Group | https://www.kxii.com/prnewswire/2022/09/06/tal-education-group-hold-annual-general-meeting-september-16-2022/ | 2022-09-06T09:53:35Z |
Premium pet food brand's new creative campaign celebrates the raw, unfiltered love between pet parents and their pets
OAK CREEK, Wis., Aug. 18, 2022 /PRNewswire/ -- Stella & Chewy's, the category leader in the raw pet food space, announced today that it is launching the brand's first-ever national ad campaign, "All You Need Is Raw." The new creative embodies the raw, unfiltered love pet parents have for their pets and how food, especially raw and natural food, plays a key role in how pet parents show their love.
Whether it's a cat hanging from a curtain without a care in the world or a dog sleeping on the couch like no one's watching, the creative is a bold and candid celebration of the raw, unfiltered behaviors that make our pets who they are. The campaign also marks the launch of a new tagline for the brand, "All You Need is Raw," which embodies Stella & Chewy's belief that raw is all pets are, and raw is all they need.
"The raw pet food space continues to rapidly expand as more pet parents strive to feed their pets as they would themselves – with real and less processed foods," said David Campbell, CMO of Stella & Chewy's. "With this new campaign, we aim to raise awareness of the Stella & Chewy's brand and portfolio, which offers a range of dog and cat food products to meet varying pet parent needs."
The omni-channel campaign, led by Chicago-based creative agency Highdive Advertising, and directed by Ian Kibbey and Corey Creasey of Terri Timely, consists of multiple :15 and :30 second spots and will include cable TV, connective TV/Video, audio, social media, experiential, custom content, mobile rich media and influencer relations.
"We're so excited for this partnership with Stella & Chewy's," said Mark Gross, CCO and co-founder of Highdive Advertising. "As many of us at Highdive are pet parents or lovers ourselves, we appreciate Stella & Chewy's commitment to providing pets with healthier, less processed foods. For their first-ever national brand campaign, we knew we had to go bold and candid with these spots to show exactly how raw pets can be — and why we simply love them for it. We thoroughly enjoyed collaborating with the Stella & Chewy's team to bring this campaign to life and can't wait for what's to come."
The paid media strategy, developed and implemented by the award-winning Exverus Media, employs advanced data and analytics to measure brand awareness, sales performance and online conversions of each media element. The holistic media strategy and approach was designed to rapidly grow household penetration and bring new consumers into Stella & Chewy's family of growing products of raw dog and cat food and treats.
"Our consumer insight is that pet parents want shared experiences with their pets. So the media placements had to support 'co-viewing' opportunities: think Animal Planet and Bravo, pet music playlists on Spotify and pet Reddit communities," said Tasha Day, VP of Media at Exverus Media.
To learn more about Stella & Chewy's range of premium raw and natural pet food for dogs and cats, visit www.allyouneedisraw.com or follow the company on Facebook or Instagram.
Founded in 2003 and headquartered in Oak Creek, Wisconsin, Stella & Chewy's strives to provide the highest quality raw and natural pet food with an emphasis on nutrition, palatability, safety and convenience. The company's dog and cat products include frozen patties and morsels, freeze-dried dinners and meal mixers, baked kibble, stews, broths and treats. Stella & Chewy's proudly created Journey Home Fund; a charity that promotes adult and senior pet adoptions. For more information about the company, products and the nearest retailer, visit stellaandchewys.com or call 877-477-8977.
Founded in 2016, Highdive (highdiveus.com) is an independently owned, full-service creative agency headquartered in Chicago. Built for brands that want best-in-class creative but don't want the baggage that usually comes with it, the agency has a singular promise: to create the healthiest client and agency relationships in the world. Led by four seasoned advertising executives who set out to create an agency made up exclusively of top performers across every discipline, Highdive is breaking the traditional agency model to deliver work so powerful it can't be ignored for brands including Jeep, Ram Trucks, Lays, Beam Suntory, NHL, Nike, Boost Mobile, Airheads, Fruit-tella, and Rocket Mortgage. On a rapid growth trajectory, Highdive has been recognized as Advertising Age Small Agency of the Year, Midwest, three times and 2020 Advertising Age National Small Agency of the Year. Highdive also ranked number one on Adweek's 2020 Fastest Growing Agencies List.
Named by Ad Age as a Media Agency of the Year, Los Angeles-based Exverus is a strategic media consultancy that starts with a brand's passions and objectives and translates them for today's media landscape. Designed specifically to meet the needs of culture-creating brands in high-growth mode, Exverus partners with clients to deliver integrated campaigns that get people talking, build brand value and drive sales. For more information, follow @exverus or visit www.exverus.com.
MEDIA CONTACT:
Stella & Chewy's
Betsy Radue
262.893.7276
bradue@stellaandchewys.com
Zeno Group for Stella & Chewy's
Sami Davis
312.934.3180
Sami.Davis@zenogroup.com
Stella & Chewy's Credits
David Campbell, CMO
Sudheer Kosaraju, VP, Brand Marketing
Debra Yoo, Senior Brand Manager
Roy Torres, Creative Director
Highdive Credits
Creative
Mark Gross, Co-Founder, Chief Creative Officer
Chad Broude, Co-Founder, Chief Creative Officer
Katie Bero, Creative Director
Brian Culp, Creative Director
Rebecca Wilson, Senior Designer
Dave Muhlenfeld, Copywriter
Account
Megan Lally, Managing Partner
Kristin Woodke, Group Account Director
Jamie Lazaroff, Senior Account Executive
Production
Jen Passaniti, Head of Production, Executive Producer
Will St. Clair, Executive Producer
Marianne Newton, Executive Producer
Strategy
Mike Harris, Lead Strategist
Business Affairs
Kelley Beaman, Director of Business Affairs
Annie Paganini, Production Manager
Production Partner Credits
Park Pictures
Directors: Terri Timely
Producer: David Lambert
Executive Producers: Jackie Kelman Bisbee, Anne Bobroff
Head of Production: Chelsea Schwiering
Cutters
Editor: Billy Montrose
Executive Producer: Patrick Casey
Music Credits
Marmoset
Graphics/ Titles Credits
Sarofsky
Erin Sarofsky- Executive Creative Director
Steven Anderson- Executive Producer
Stefan Draht- Creative Director
Duarte Elvas- Creative Director
Will Townsend- Producer
Joel Signer- Producer
Mollie Davis- Animator/Designer
Travis Hawthorne- Animator/Designer
###
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SOURCE Stella & Chewy’s | https://www.wibw.com/prnewswire/2022/08/18/stella-amp-chewys-launches-first-ever-national-ad-campaign-all-you-need-is-raw/ | 2022-08-18T20:19:31Z |
all financial figures are in US dollars, unless otherwise indicated
VANCOUVER, BC, Aug. 3, 2022 /PRNewswire/ - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce its second quarter 2022 summary financial and operating results. The Company's unaudited condensed consolidated interim financial statements and related management's discussion and analysis for the three and six months ended June 30, 2022 will be available for download on SEDAR, on EDGAR and on the Company's website. The Company will host a conference call and webcast on August 4, 2022 commencing at 7:30 am Vancouver time to discuss the Company's second quarter results and activities underway at the Company's projects. Further details are provided at the end of this news release.
Christian Milau, CEO of Equinox Gold, commented: "Although we experienced operational challenges at several of our sites this quarter, we expect improved performance in the second half of the year with increased production and lower costs. Inflation has certainly increased the cost of consumables and our team is working hard to find offsetting savings so we can maintain a strong business during this market downturn. The new resin-in-leach circuit at the Santa Luz plant is performing well. Recoveries are consistently above 70% and as high as 82%. With commercial production anticipated in Q3 2022, Santa Luz will contribute to increased production in the fourth quarter and into 2023.
"During the first half of the year we achieved excellent construction progress at our Greenstone project in Ontario, which is 35% complete and remains on schedule and on budget. The team has done an exceptional job to control costs in this inflationary environment and is on track to have the majority of buildings enclosed by year end, which is key to maintaining productivity during the winter months. We also strengthened our balance sheet, reduced our cost of capital and improved our liquidity by expanding and amending our credit facility. We appreciate the strong support and confidence from our lending syndicate.
"Looking forward, Equinox Gold is on track to deliver significant growth over the next few years. Commercial production at Santa Luz and higher-grade ore at Los Filos should both contribute to increased production and lower costs in 2023. The big jump will come in 2024 when we achieve production at Greenstone, which will contribute more than 200,000 ounces of low-cost production annually once it has ramped up to full capacity. We also continue to advance the Castle Mountain, Los Filos and Aurizona expansions, which could collectively contribute more than 300,000 ounces of annual production. As we plan for Greg Smith to take over as CEO, I am confident that Equinox Gold has the foundational assets, the team and the leadership required to achieve its long-term goals."
HIGHLIGHTS FOR THE THREE MONTHS ENDED JUNE 30, 2022
Operational
- Produced 120,813 oz of gold during the Quarter; sold 120,395 oz of gold at an average realized gold price of $1,856 per oz
- Total cash costs of $1,482 per oz and AISC of $1,657 per oz(1)(2)
- Total recordable injury frequency rate of 3.21 per million hours worked on a rolling 12-month basis, with two lost-time injuries during the Quarter
- Temporarily suspended operations at RDM and withdrew RDM's guidance on May 16, 2022 as the result of a permitting delay for a scheduled tailings storage facility ("TSF") raise; the permit was received on May 27, 2022, the TSF raise is underway and operations resumed in early July
Earnings
- Earnings from mine operations of $17.0 million
- Net loss of $78.7 million or $(0.26) per share
- Adjusted net loss(1) of $47.9 million or $(0.16) per share, after adjusting for certain non-cash expense items(3)
Financial
- Cash flow from operations before changes in non-cash working capital of $16.4 million ($26.9 million cash flow used in operations after changes in non-cash working capital)
- Adjusted EBITDA(1)(3) of $24.1 million
- Expenditures of $18.0 million in sustaining capital and $134.2 million in non-sustaining capital(1)
- Cash and cash equivalents (unrestricted) of $159.7 million at June 30, 2022
- Net debt(1) of $472.2 million at June 30, 2022
Construction, development and exploration
- Continued ramp up and commissioning at Santa Luz with the expectation of achieving commercial production in Q3 2022
- Advanced Greenstone construction
- Exploration drilling in the 70-km-long greenstone belt that hosts Fazenda and Santa Luz identified multiple near-mine and regional discoveries that highlight potential additions to Mineral Reserves and Mineral Resources
Corporate
- Closed the sale of Mercedes on April 21, 2022 to Bear Creek Mining Corporation ("Bear Creek") and received a cash payment of $75 million, a deferred cash payment of $25 million due within six months of the date of the close of the sale, a 2% net smelter return on Mercedes production and 24.73 million shares of Bear Creek
- Received $40 million (C$50 million) and transferred five million shares of the Company's investment in Solaris following the exercise of warrants the Company had granted on April 28, 2021
- Acquired 1 million shares of Solaris at C$6.75 per share on exercise of share purchase warrants. Following the exercise of the share purchase warrants, the Company owns 13.8 million shares (12.2% interest on a basic basis) of Solaris
- Published the Company's 2021 Environmental, Social and Government ("ESG") report summarizing 2021 ESG performance and 2022 targets, launched a new ESG website portal and held an ESG-focused investor call
- Partnered with Sandstorm Gold Royalties Ltd. to create Sandbox Royalties Corp., a new metals royalty company
RECENT DEVELOPMENTS
- Updated production and cost guidance:
- In July 2022, increased the Company's liquidity by amending its credit facilities
- $73.3 million of outstanding principal balance under the term loan rolled into Revolving Facility, eliminating need for principal payments through mid-2026
- $100 million of Revolving Facility drawn in July 2022; $227 million of Revolving Facility undrawn as of the date of this MD&A(1)
- In August 2022, announced that Greg Smith, currently President of Equinox Gold, will succeed Christian Milau as Chief Executive Officer and a Director of Equinox Gold effective September 1, 2022
CONSOLIDATED OPERATIONAL AND FINANCIAL HIGHLIGHTS
The Company sold fewer gold ounces for the three and six months ended June 30, 2022 compared to the comparative periods of 2021. The decrease was mainly driven by decreased production at Aurizona and RDM and by lower gold sales at Mercedes, as the operation was sold on April 21, 2022. Lower gold production at Aurizona was in part due to processing stockpile ore with lower gold grades as high rainfall impeded access to higher-grade ore from the Piaba open pit. Lower gold production at RDM was mainly due to the temporary suspension of mining and plant operations in mid-May due to a delay in receiving permits for the scheduled TSF raise. These reductions were partially offset by increased production at Mesquite and Los Filos and the contribution of pre-commercial production from Santa Luz. Higher gold production at Mesquite was due to mining the core of the Brownie ore body, resulting in higher grades and a lower strip ratio. Higher gold production at Los Filos was due to more recoverable ounces placed due to better grades from the open pit. Although there was a contribution of gold from pre-commercial production at Santa Luz, the ramp up was slower than anticipated due to modifications required to handle resin-in-leach processing at an industrial scale, rectification of some piping and leach tank issues following construction, and also working to achieve a steady blend of ore feed. Commercial production at Santa Luz is expected in Q3 2022.
In Q2 2022, earnings from mine operations were $17.0 million (Q2 2021 - $41.3 million) and for the six months ended June 30, 2022 were $45.5 million (six months ended June 30, 2021 - $85.5 million). Earnings from mine operations were impacted by lower gold production, higher operating costs due to supply constraints, and inflationary pressures, particularly from increased prices of oil and consumables that impacted input prices. The Company incurred a net loss in Q2 2022 of $78.7 million (Q2 2021 - net income of $403.7 million) and a net loss for the six months ended June 30, 2022 of $98.5 million (six months ended June 30, 2021 - net income of $454.0 million). The net losses were impacted by lower earnings from mine operations and a loss on the change in fair value of share purchase warrants compared to a gain during the comparative periods of 2021. Results for the comparative periods of 2021 were also impacted by a $186.1 million gain on reclassification of investment in Solaris, a $81.4 million gain on bargain purchase of Premier, a $50.3 million gain on sale of partial interest in Solaris and a $45.4 million gain on the sale of the Pilar mine.
In Q2 2022, adjusted EBITDA was $24.1 million (Q2 2021 - $51.9 million) and for the six months ended June 30, 2022 was $67.2 million (six months ended June 30, 2021 - $112.8 million). In Q2 2022, adjusted net loss was $47.9 million (Q2 2021 - adjusted net loss of $0.8 million) and for the six months ended June 30, 2022 was $72.0 million (six months ended June 30, 2021 - adjusted net loss of $4.0 million). Adjusted EBITDA and adjusted net loss were impacted by lower earnings from mine operations compared to the comparative periods of 2021.
SELECTED FINANCIAL RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2022 AND 2021
Additional information regarding the Company's financial results and activities underway at the Company is available in the Company's Q2 2022 Financial Statements and accompanying management's discussion and analysis for the three and six months ended June 30, 2022, which will be available for download on the Company's website at www.equinoxgold.com, on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.
2022 GUIDANCE
The Company has updated its 2022 production and cost guidance to reflect the disruption to mining and operations at RDM, a longer-than-expected ramp-up at Santa Luz that has prolonged pre-commercial production and further inflation of approximately 6% on a consolidated basis.
Guidance for RDM was withdrawn on May 16, 2022 to reflect the disruption to operations in both Q1 and Q2 2022, as previously mentioned. RDM guidance has been updated to reflect these disruptions and also to reflect a change to the mine plan to defer waste stripping and instead focus on the processing of low-grade stockpiles while the TSF raise is completed and water in the open pit is pumped out and evaporated. RDM was in the midst of a waste stripping campaign at the time of the suspension of operations in May. The current plan of operations minimizes cash outflow while the TSF raise is completed and during a period in which Greenstone is in a high capital expenditure phase, while maintaining the long-term value of RDM. Low-grade dumps are sufficient to sustain operations for approximately two years, albeit resulting in lower gold production.
The Santa Luz ramp up has been slower than anticipated and resulted in lower gold production during the period than expected. The longer ramp up was due to modifications required to handle resin-in-leach processing at an industrial scale, rectification of some piping and leach tank issues following construction, and also working to achieve a steady blend of ore feed. See Development Projects section for discussion of throughput and recoveries, which are approaching expected levels in Q3 2022. Los Filos production guidance has been lowered slightly to reflect a delay in accessing higher-grade ore zones in the Bermejal underground.
Guidance for the other mines remains as originally disclosed on January 25, 2022. As a result, consolidated production for 2022 is forecast at 550,000 to 615,000 oz of gold (compared to the original forecast of 625,000 to 710,000 oz of gold).
Cost escalation for certain consumables during the first half of 2022, including diesel, cyanide and grinding media, and lower grades processed than projected, has resulted in increased cash costs at several of the Company's mines. As a result, although production is expected to increase at all of the mines in the second half of the year, guidance for cash costs and AISC per oz has been increased at all of the mines with the exception of Mesquite. Updated consolidated cash costs are estimated at $1,200 to $1,250 per oz with AISC of $1,470 to $1,530 per oz sold (compared to the original forecast of $1,080 to $1,140 per oz cash costs with AISC of $1,330 to $1,415 per oz of gold sold).
Sustaining capital guidance has decreased principally due to the delayed Santa Luz commercial production which has resulted in some sustaining capital being reclassified as non-sustaining capital and an updated mine plan at Mesquite that anticipates less deferred stripping. Despite the reduction to sustaining capital, an increase in cash costs per oz due to cost escalation, and changes to mine sequences driving weaker than expected production, are reflected in a 10% increase to the AISC per oz guidance range. Non-sustaining capital guidance is generally consistent with previous guidance with the exception of Santa Luz, where modifications to the plant have resulted in an additional estimated $20 million of non-sustaining capital. In addition, Greenstone will spend more in 2022 on plant and mill buildings in part due to steel price inflation, although these increases have been offset by cost reductions in other areas and there is no change to the overall construction budget.
The Company may revise guidance during the year to reflect changes to expected results.
CONFERENCE CALL AND WEBCAST
Equinox Gold will host a conference call and webcast on Thursday, August 4, 2022 commencing at 7:30 am Vancouver time to discuss the Company's second quarter results and activities underway at the Company's projects. All participants will have the opportunity to ask questions of Equinox Gold's CEO and executive team. The webcast will be archived on Equinox Gold's website until February 4, 2023.
Conference call
Toll-free in U.S. and Canada: 1-800-319-4610
International callers: +1 604-638-5340
Webcast
www.equinoxgold.com
ABOUT EQUINOX GOLD
Equinox Gold is a Canadian mining company operating entirely in the Americas, with six operating gold mines, a mine in commissioning, and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects. Equinox Gold's common shares are listed on the TSX and the NYSE American under the trading symbol EQX. Further information about Equinox Gold's portfolio of assets and long-term growth strategy is available at www.equinoxgold.com or by email at ir@equinoxgold.com.
EQUINOX GOLD CONTACTS
Christian Milau, Chief Executive Officer
Rhylin Bailie, Vice President, Investor Relations
Tel: +1 604-558-0560
Email: ir@equinoxgold.com
CAUTIONARY NOTES
Non-IFRS Measures
This MD&A refers to cash costs, cash costs per oz sold, AISC, AISC per oz sold, AISC contribution margin, adjusted net income, adjusted EPS, mine-site free cash flow, adjusted EBITDA, net debt, and sustaining and non-sustaining capital expenditures that are measures with no standardized meaning under IFRS, i.e. they are non-IFRS measures, and may not be comparable to similar measures presented by other companies. Their measurement and presentation is consistently prepared and is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Numbers presented in the tables below may not sum due to rounding.
Cash costs and cash costs per oz sold
Cash costs is a common financial performance measure in the gold mining industry; however, it has no standard meaning under IFRS. The Company reports total cash costs on a per oz sold basis. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate operating income and cash flow from mining operations. Cash costs include mine site operating costs plus lease principal payments, but are exclusive of depreciation and depletion, reclamation, capital and exploration costs and net of by-product sales and then divided by ounces sold to arrive at cash costs per oz sold. The measure is not necessarily indicative of cash flow from operations under IFRS or operating costs presented under IFRS.
AISC per oz sold
The Company is reporting AISC per oz of gold sold. The methodology for calculating AISC was developed internally and is calculated below. Current IFRS measures used in the gold industry, such as operating expenses, do not capture all of the expenditures incurred to discover, develop and sustain gold production. The Company believes the AISC measure provides further transparency into costs associated with producing gold and will assist analysts, investors and other stakeholders of the Company in assessing its operating performance, its ability to generate free cash flow from current operations and its overall value. In calculating AISC, the Company includes silver by-product credits as it considers the cost to produce the gold is reduced as a result of the by-product sales incidental to the gold production process, thereby allowing management and other stakeholders to assess the net costs of gold production.
The following table provides a reconciliation of cash costs per oz of gold sold and AISC per oz of gold sold to the most directly comparable IFRS measure on an aggregate basis.
Sustaining and non-sustaining capital reconciliation
Sustaining capital expenditures are defined as those expenditures which do not increase annual gold ounce production at a mine site and excludes all expenditures at the Company's projects and certain expenditures at the Company's operating sites which are deemed expansionary. Sustaining capital expenditures can include, but are not limited to, capitalized stripping costs at open pit mines, underground mine development, mining and milling equipment and TSF raises.
The following table provides a reconciliation of sustaining capital expenditures to the Company's total capital expenditures for continuing operations.
Total mine-site free cash flow
Mine-site free cash flow is a non-IFRS financial performance measure. The Company believes this measure is a useful indicator of its ability to operate without reliance on additional borrowing or usage of existing cash. Mine-site free cash flow is intended to provide additional information only and does not have any standardized meaning under IFRS and may not be comparable to similar measures of performance presented by other mining companies. Mine-site free cash flow should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
The following table provides a reconciliation of mine-site free cash flow to the most directly comparable IFRS measure on an aggregate basis:
AISC contribution margin, EBITDA, adjusted EBITDA
The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use AISC contribution margin, AISC contribution margin per gold ounce sold and adjusted EBITDA to evaluate the Company's performance and ability to generate cash flows and service debt. AISC contribution margin is defined as revenue less AISC. EBITDA is defined as earnings before interest, tax, depreciation and amortization. Adjusted EBITDA is defined as earnings before interest, tax, depreciation, and amortization, adjusted to exclude specific items that are significant but not reflective of the underlying operating performance of the Company, such as the impact of fair value changes of warrants, foreign exchange contracts and gold contracts; unrealized foreign exchange gains and losses, transaction costs, and share-based compensation expense. It is also adjusted to exclude items whose timing or amount cannot be reasonably estimated in advance or that are not considered representative of core operating performance, such as impairments and gains and losses on disposals of assets.
Prior to Q4 2021, adjusted EBITDA was calculated excluding transaction costs as an adjusting item. Commencing in Q4 2021, the Company has adjusted for transaction costs as this item is not considered representative of core operating performance. The calculation of adjusted EBITDA for June 30, 2021 has been adjusted to conform with the current methodology and is different from the measure previously reported.
The following tables provide the calculation of AISC contribution margin, EBITDA and adjusted EBITDA, as calculated by the Company:
AISC Contribution Margin
EBITDA and Adjusted EBITDA
Adjusted net income and adjusted EPS
Adjusted net income and adjusted EPS are used by management and investors to measure the underlying operating performance of the Company. Adjusted net income is defined as net income adjusted to exclude specific items that are significant but not reflective of the underlying operating performance of the Company, such as the impact of fair value changes in the value of warrants, foreign exchange contracts and gold contracts, unrealized foreign exchange gains and losses, and non-cash share-based compensation expense. It is also adjusted to exclude items whose timing or amount cannot be reasonably estimated in advance or that are not considered representative of core operating performance, such as impairments and gains and losses on disposals of assets. Adjusted net income per share amounts are calculated using the weighted average number of shares outstanding on a basic and diluted basis as determined by IFRS.
Prior to Q4 2021, adjusted net income was calculated excluding transaction costs as an adjusting item. Commencing in Q4 2021, the Company has adjusted for transaction costs as this item is not considered representative of core operating performance. The calculation of adjusted net income for June 30, 2021 has been adjusted to conform with the current methodology and is different from the measure previously reported.
The following table provides the calculation of adjusted net income and adjusted EPS, as adjusted and calculated by the Company:
Net debt
The Company believes that in addition to conventional measures prepared in accordance with IFRS, the Company and certain investors and analysts use net debt to evaluate the Company's performance. Net debt does not have any standardized meaning prescribed under IFRS, and therefore it may not be comparable to similar measures employed by other companies. This measure is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performances prepared in accordance with IFRS. Net debt is calculated as the sum of the current and non-current portions of long-term debt, net of the cash and cash equivalent balance as at the balance sheet date. A reconciliation of net debt is provided below.
Technical Information
Doug Reddy, Msc, P.Geo., Equinox Gold's COO, is the Qualified Person under National Instrument 43-101 for this Equinox Gold press release and has reviewed and approved the technical information in this document.
Forward-looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation and may include future-oriented financial information. Forward-looking statements and forward-looking information in this news release relate to, among other things: the strategic vision for the Company and expectations regarding exploration potential, production capabilities and future financial or operational performance; the Company's production and cost guidance; the Company's ability to successfully advance its growth and development projects, including the construction of Greenstone and the expansions at Los Filos, Castle Mountain and Aurizona; the expectations for the Company's investments in Sandbox Royalties, Solaris, i-80 Gold, Pilar Gold and Bear Creek; and conversion of Mineral Resources to Mineral Reserves. Forward-looking statements or information generally identified by the use of the words "believe", "will", ""achieve", "increase", "maintain", "potential", "on schedule", "anticipate", "expect", "estimate", "on track", "on budget", and similar expressions and phrases or statements that certain actions, events or results "may", "could", or "should", or the negative connotation of such terms, are intended to identify forward-looking statements and information. Although the Company believes that the expectations reflected in such forward-looking statements and information are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct. The Company has based these forward-looking statements and information on the Company's current expectations and projections about future events and these assumptions include: Equinox Gold's ability to achieve the exploration, production, cost and development expectations for its respective operations and projects; prices for gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects and future cash requirements; prices for energy inputs, labour, materials, supplies and services; construction of Greenstone being completed and performed in accordance with current expectations; expansion projects at Los Filos, Castle Mountain and Aurizona being completed and performed in accordance with current expectations; tonnage of ore to be mined and processed; ore grades and recoveries; capital, decommissioning and reclamation estimates; Mineral Reserve and Mineral Resource estimates and the assumptions on which they are based; no labour-related disruptions and no unplanned delays or interruptions in scheduled construction, development and production, including by blockade or industrial action; the Company's working history with the workers, unions and communities at Los Filos; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Company's ability to comply with environmental, health and safety laws and other regulatory requirements; the strategic visions for Sandbox Royalties, i-80 Gold, Solaris, Pilar Gold and Bear Creek and their respective abilities to successfully advance their businesses; and the ability of Equinox Gold to work productively with its joint venture partner and Indigenous partners at Greenstone. While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Accordingly, readers are cautioned not to put undue reliance on the forward-looking statements or information contained in this news release.
The Company cautions that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements and information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: fluctuations in gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services; fluctuations in currency markets; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); inadequate insurance, or inability to obtain insurance to cover these risks and hazards; employee relations; relationships with, and claims by, local communities and indigenous populations; the Company's ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner or at all; changes in laws, regulations and government practices, including environmental and export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry; the failure by Pilar Gold or Bear Creek to meet their respective commitments to the Company; and those factors identified in the section titled "Risks and Uncertainties" in the Company's MD&A dated March 23, 2022 for the year ended December 31, 2021, and in the section titled "Risks Related to the Business" in the Company's Annual Information Form dated March 24, 2022 for the year ended December 31, 2021, both of which are available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar. Forward-looking statements and information are designed to help readers understand management's views as of that time with respect to future events and speak only as of the date they are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement or information contained or incorporated by reference to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements and information. If the Company updates any one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements. All forward-looking statements and information contained in this news release are expressly qualified in their entirety by this cautionary statement.
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SOURCE Equinox Gold Corp. | https://www.kxii.com/prnewswire/2022/08/04/equinox-gold-reports-second-quarter-2022-financial-operating-results/ | 2022-08-04T01:55:38Z |
ATLANTA, June 8, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced OceaNS Bridge Express, a new partnership with Hapag-Lloyd (FWB: HLAG), Union Pacific Railroad (NYSE: UNP), and the Port of Virginia to provide expedited service from the East Coast to the Western United States, giving shippers a new option to reach West Coast markets.
OceaNS Bridge Express, a first-of-its-kind service, will originate at the Norfolk International Terminal at the Port of Virginia and interchange with Union Pacific in Chicago, with connections to West Coast markets.
"The current environment has led shippers and carriers to think creatively about moving their goods," said Shawn Tureman, Vice President Intermodal & Automotive Marketing for Norfolk Southern. "In response, our team took a customer-centric approach by formulating a partnership with Hapag-Lloyd and Union Pacific, providing a new option for shipping to markets in the Western United States."
Union Pacific said its network is a perfect fit for this new overland service.
"Union Pacific's Intermodal network is strategically positioned to provide container shippers an alternative with this overland service to the West Coast," said Kari Kirchhoefer, Vice President-Premium, Marketing and Sales for Union Pacific. "Our joint service product to Seattle/Oakland/Los Angeles/Long Beach will expedite these transatlantic shipments to consumer markets in the west."
"The OceaNS Bridge Express showcases our collective, leading Intermodal capabilities, moving containers quickly from an East Coast origin to West Coast destinations. Together, we are providing a sustainable and effective coast-to-coast solution to the challenges shippers currently face at West Coast ports," added Tureman.
For more information, visit NSCorp.com, to contact the Intermodal sales and marketing team.
Norfolk Southern Corporation (NYSE: NSC) is one of the nation's premier transportation companies, moving the goods and materials that drive the U.S. economy. Norfolk Southern connects customers to markets and communities to economic opportunity, with safe, reliable, and sustainable shipping solutions. The company's service area includes 22 states and the District of Columbia, every major container port in the eastern United States, and a majority of the U.S. population and manufacturing base.
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SOURCE Norfolk Southern Corporation | https://www.wibw.com/prnewswire/2022/06/08/norfolk-southern-launches-innovative-partnership-give-shippers-new-option-reach-west-coast-markets/ | 2022-06-08T14:43:20Z |
The U.S. Department of Health and Human Services, through the Health Resources and Services Administration, announced Tuesday an investment of $1 million to improve maternal health and implement the White House Blueprint for Addressing the Maternal Health Crisis in Georgia.
WASHINGTON -- The U.S. Department of Health and Human Services, through the Health Resources and Services Administration, announced Tuesday an investment of $1 million to improve maternal health and implement the White House Blueprint for Addressing the Maternal Health Crisis in Georgia. Funding aims to help reduce disparities in maternal outcomes and support the state in tackling inequities in maternal health.
“Today, black women are three times more likely to die from a pregnancy-related cause in this country than white women. That has to change,” HRSA Administrator Carole Johnson said in a news release. “To make meaningful change, we need to center our work on the individuals and families we are serving, and that is what today’s investments aim to do. The Biden-Harris Administration is committed to prioritizing equity and reducing the unacceptable disparities in maternal and infant health.
"Through these awards, we are taking additional action to implement the blueprint that the president and vice president have laid out for driving impactful solutions and providing our nation's families with the support and resources they need to lead healthy lives.”
About 700 people die each year during pregnancy or in the year after. Thousands of women each year have unexpected outcomes of labor and delivery with serious short- or long-term health consequences. Rural populations tend to have worse maternal health outcomes than individuals living in urban areas, and there are disparities experienced by racial and ethnic groups.
HRSA is awarding $1 million to the Medical Center Foundation Inc. through its State Maternal Health Innovation Program to create a state-led maternal health task force bringing the voices of key leaders and pregnant and post-partum individuals together and using state-specific maternal health data to develop and use innovative approaches to address the most pressing maternal health needs and address disparities in health outcomes. Innovations can cover four categories: provision of direct clinical care, work force training, maternal health data enhancements and community engagement.
HHS is committed to supporting safe pregnancies and childbirth, eliminating pregnancy-related health disparities, and improving health outcomes for parents and infants across our country. As part of this work, HRSA also continues to conduct analysis of the work force needs to address these critical issues.
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accounts, the history behind an article. | https://www.albanyherald.com/health-and-human-services-invests-in-maternal-health/article_6d17e270-288e-11ed-ab72-4b92c28e42e3.html | 2022-08-30T20:25:26Z |
Highland Park High School hosts back-to-school supply drive
TOPEKA, Kan. (WIBW) - Highland Park High School is helping kids in the community get ready for back to school.
The High School hosted a back-to-school supplies giveaway from 10 a.m. to noon on Saturday, Aug. 6. Students were required to be present in order to get supplies.
The 2-hour giveaway was put on with the help of community partners like Fellowship Bible Church, First Presbyterian Church and Harvest Church West.
“It feels really amazing because the kids are so happy and when they leave out of here the bags are full so we were able to get a whole lot of stuff and they’re so happy and they get to chose their own backpack so they were happy to do that too,” Lisa Davis, Outreach Coordinator for New Mt. Zion Church, said.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/08/06/highland-park-high-school-hosts-back-to-school-supply-drive/ | 2022-08-06T23:26:38Z |
Woman gives birth to her own granddaughter, as surrogate
PLEASANT GROVE, Utah (Gray News) - A 50-year-old mother stepped in to serve as a surrogate for her daughter with infertility issues and gave birth to her own granddaughter.
Chalise Smith, a 50-year-old mother of eight, gave birth to her own granddaughter on May 17, acting as a surrogate for her daughter, 25-year-old Kaitlyn Munoz. The little girl is named Alayna Kait-Chalise Munoz after both women.
“Kaitlyn, her husband and my husband were all there in the delivery room. It was an amazing experience, and there wasn’t a dry eye in there,” Smith told KSL.
Smith made the decision to carry the baby for her daughter after seeing her deal with infertility issues for years, due to endometriosis.
“This was a gift for my daughter that she couldn’t do for herself. I would do anything for any of my children,” Smith said.
Munoz was able to harvest four embryos in 2019 and become pregnant with her son, Callahan. But it was a difficult delivery, with the baby born at 33 weeks.
She was then diagnosed with an autoimmune disease called Sjogren’s syndrome that damaged her kidneys, according to KSTU. Doctors told her she should not try to get pregnant again, despite having two remaining embryos.
After careful consideration, Smith stepped in to carry those embryos for her daughter, something Munoz is grateful for.
“My mom did a lot of things for me, growing up, that I couldn’t do for myself, and 25 years later, she did something I couldn’t do for myself again. She brought me the greatest gift: Alayna,” she told KSL.
Thanks to her mom, Munoz is enjoying her family of four. She and Smith say they are even closer now after the “crazy” circumstances of Alayna’s journey into this world.
“I always tell people it’s crazy because she was grown in the same uterus as me, just 25 years later,” Munoz told KSTU.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/06/02/woman-gives-birth-her-own-granddaughter-surrogate/ | 2022-06-02T07:25:57Z |
The development of Italian cuisine mirrors the country’s rich political and geographic diversity. Mediterranean influences bring fish and olives into culinary creations, carefully handcrafted ziti, cavatelli, and other types of pasta hail from southern Italy, and exquisite desserts such as tiramisu find origins in the north—combining for a tasty eating experience renowned for its ability to bring people together.
With more than 90,000 establishments offering Italian-style dishes here in America, there are endless options to consider when craving the flavorful, savory tastes of “The Boot.” Stacker compiled a list of the highest rated Italian restaurants in Dallas on Tripadvisor. Tripadvisor rankings factor in the average rating and number of reviews. Some restaurants on the list may have recently closed. Click through these slides to see if your favorite trattoria made the list.
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#30. Ruggeri’s – Dallas
– Rating: 4.5 / 5 (58 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.0/5)
– Type of cuisine: Italian
– Price: $$ – $$$
– Address: 5950 Royal Ln, Dallas, TX 75230-3859
– Read more on Tripadvisor
#29. Sachet
– Rating: 4.0 / 5 (64 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5)
– Type of cuisine: Mediterranean, Italian
– Price: $$ – $$$
– Address: 4270 Oak Lawn Ave, Dallas, TX 75219-2312
– Read more on Tripadvisor
#28. Tony’s Pizza & Pasta
– Rating: 4.5 / 5 (44 reviews)
– Detailed ratings: Food (4.0/5), Service (4.0/5), Value (5.0/5), Atmosphere (3.5/5)
– Type of cuisine: Italian, Pizza
– Price: $
– Address: 10233 E Northwest Hwy Ste 504, Dallas, TX 75238-4420
– Read more on Tripadvisor
#27. Fireside Pies
– Rating: 4.0 / 5 (111 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.0/5)
– Type of cuisine: Pizza, Italian
– Price: $$ – $$$
– Address: 2820 N Henderson Ave, Dallas, TX 75206-6504
– Read more on Tripadvisor
#26. Carbone’s
– Rating: 4.0 / 5 (80 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.0/5)
– Type of cuisine: Italian
– Price: $$ – $$$
– Address: Oak Lawn, Dallas, TX 75219
– Read more on Tripadvisor
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#25. Porta Di Roma
– Rating: 4.0 / 5 (194 reviews)
– Detailed ratings: Food (4.0/5), Service (4.0/5), Value (4.0/5), Atmosphere (3.5/5)
– Type of cuisine: Italian, Pizza
– Price: $$ – $$$
– Address: 1623 Main St Ste 104, Dallas, TX 75201-4765
– Read more on Tripadvisor
#24. Two Guys From Italy
– Rating: 4.0 / 5 (97 reviews)
– Detailed ratings: Food (4.0/5), Service (4.5/5), Value (4.5/5), Atmosphere (4.0/5)
– Type of cuisine: Italian, Pizza
– Price: $$ – $$$
– Address: 11637 Webb Chapel Rd, Dallas, TX 75229-2434
– Read more on Tripadvisor
#23. Sprezza
– Rating: 4.0 / 5 (77 reviews)
– Detailed ratings: Food (4.5/5), Service (4.0/5), Value (3.5/5)
– Type of cuisine: Italian
– Price: $$ – $$$
– Address: 4010 Maple Ave, Dallas, TX 75219-3216
– Read more on Tripadvisor
#22. Botolino Gelato Artigianale
– Rating: 5.0 / 5 (25 reviews)
– Detailed ratings: Food (5.0/5), Service (4.5/5), Value (4.5/5)
– Type of cuisine: Dessert, Italian
– Price: $
– Address: 2116 Greenville Ave, Dallas, TX 75206
– Read more on Tripadvisor
#21. Parrino’s Oven
– Rating: 4.0 / 5 (107 reviews)
– Detailed ratings: Food (4.0/5), Service (4.5/5), Value (3.5/5), Atmosphere (4.0/5)
– Type of cuisine: Italian, Pizza
– Price: $$ – $$$
– Address: 300 Reunion Blvd E, Dallas, TX 75207-4409
– Read more on Tripadvisor
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#20. Bellini’s Italian Cafe
– Rating: 4.5 / 5 (82 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.5/5), Atmosphere (4.5/5)
– Type of cuisine: Italian, Pizza
– Price: $$ – $$$
– Address: 921 North Riverfront Boulevard Suite 300, Dallas, TX 75207
– Read more on Tripadvisor
#19. Cane Rosso White Rock
– Rating: 4.5 / 5 (91 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.5/5)
– Type of cuisine: Pizza, Italian
– Price: $$ – $$$
– Address: 7328 Gaston Ave Ste 100, Dallas, TX 75214-4130
– Read more on Tripadvisor
#18. nonna
– Rating: 4.5 / 5 (117 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.0/5)
– Type of cuisine: Italian
– Price: $$$$
– Address: 4115 Lomo Alto Dr, Dallas, TX 75219-1536
– Read more on Tripadvisor
#17. The Charles
– Rating: 4.5 / 5 (52 reviews)
– Detailed ratings: Food (4.5/5), Service (5.0/5), Value (4.5/5)
– Type of cuisine: Italian, American
– Price: $$$$
– Address: 1632 Market Center Blvd, Dallas, TX 75207-3916
– Read more on Tripadvisor
#16. Roman Cucina
– Rating: 4.5 / 5 (81 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.5/5), Atmosphere (4.0/5)
– Type of cuisine: Italian
– Price: $$ – $$$
– Address: 7989 Belt Line Rd Ste 315, Dallas, TX 75248-5711
– Read more on Tripadvisor
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#15. Ravenna Italian Grille & Bar
– Rating: 4.0 / 5 (257 reviews)
– Detailed ratings: Food (4.0/5), Service (4.5/5), Value (4.0/5), Atmosphere (3.5/5)
– Type of cuisine: Italian
– Price: $$ – $$$
– Address: 115 S Field St corner of Main St. & Field St, Dallas, TX 75202
– Read more on Tripadvisor
#14. Grimaldi’s Pizzeria
– Rating: 4.5 / 5 (135 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.5/5)
– Type of cuisine: Italian, Pizza
– Price: $$ – $$$
– Address: 3636 McKinney Avenue Ste. 190, West Village, Dallas, TX 75204
– Read more on Tripadvisor
#13. Lucia
– Rating: 4.5 / 5 (183 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.5/5)
– Type of cuisine: Italian
– Price: $$$$
– Address: 408 W 8th St Ste 101, Dallas, TX 75208-4647
– Read more on Tripadvisor
#12. Terilli’s
– Rating: 4.5 / 5 (186 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.5/5)
– Type of cuisine: Italian, Bar
– Price: $$ – $$$
– Address: 2815 Greenville Ave, Dallas, TX 75206-6238
– Read more on Tripadvisor
#11. Taverna (Dallas)
– Rating: 4.5 / 5 (200 reviews)
– Detailed ratings: Food (4.0/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.0/5)
– Type of cuisine: Italian, Pizza
– Price: $$ – $$$
– Address: 3312 Knox Street, Dallas, TX 75205
– Read more on Tripadvisor
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#10. Campisi’s Restaurant
– Rating: 4.0 / 5 (490 reviews)
– Detailed ratings: Food (4.0/5), Service (4.0/5), Value (4.0/5), Atmosphere (4.0/5)
– Type of cuisine: Italian, Pizza
– Price: $$ – $$$
– Address: 1520 Elm St Ste 111, Dallas, TX 75201-3509
– Read more on Tripadvisor
#9. Campisi’s Restaurant
– Rating: 4.0 / 5 (408 reviews)
– Detailed ratings: Food (4.0/5), Service (4.0/5), Value (4.0/5), Atmosphere (4.0/5)
– Type of cuisine: Italian, Pizza
– Price: $$ – $$$
– Address: 5610 E Mockingbird Ln Marriott Residence Inn Addison, Dallas, TX 75206-5346
– Read more on Tripadvisor
#8. Bugatti Ristorante
– Rating: 4.5 / 5 (183 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.0/5)
– Type of cuisine: Italian
– Price: $$ – $$$
– Address: 3802 W Northwest Hwy, Dallas, TX 75220-5139
– Read more on Tripadvisor
#7. Avanti Restaurant
– Rating: 4.5 / 5 (170 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.0/5)
– Type of cuisine: Mediterranean, Italian
– Price: $$ – $$$
– Address: 2720 McKinney Ave, Dallas, TX 75204-2568
– Read more on Tripadvisor
#6. Pie Tap Pizza Workshop + Bar
– Rating: 4.5 / 5 (144 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5)
– Type of cuisine: Italian, American
– Price: $$ – $$$
– Address: 1212 Oak Lawn Ave, Dallas, TX 75207-6916
– Read more on Tripadvisor
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#5. Maggiano’s Little Italy
– Rating: 4.5 / 5 (377 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.5/5)
– Type of cuisine: Italian
– Price: $$ – $$$
– Address: 205 Northpark Central Suite 205, Dallas, TX 75225
– Read more on Tripadvisor
#4. Eno’s Pizza Tavern
– Rating: 4.5 / 5 (252 reviews)
– Detailed ratings: Food (4.5/5), Service (4.0/5), Value (4.0/5), Atmosphere (4.5/5)
– Type of cuisine: Italian, Bar
– Price: $$ – $$$
– Address: 407 N Bishop Ave, Dallas, TX 75208-4658
– Read more on Tripadvisor
#3. Cane Rosso
– Rating: 4.5 / 5 (468 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.5/5)
– Type of cuisine: Italian, Pizza
– Price: $$ – $$$
– Address: 2612 Commerce St, Dallas, TX 75226-1402
– Read more on Tripadvisor
#2. Kenny’s Italian Kitchen
– Rating: 4.5 / 5 (389 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.5/5), Atmosphere (4.0/5)
– Type of cuisine: Italian
– Price: $$ – $$$
– Address: 5100 Belt Line Rd Ste 764 Suite 764, Dallas, TX 75254-7036
– Read more on Tripadvisor
#1. Jimmy’s Food Store
– Rating: 5.0 / 5 (1,188 reviews)
– Detailed ratings: Food (5.0/5), Service (4.5/5), Value (4.5/5), Atmosphere (4.5/5)
– Type of cuisine: Specialty Food Market, Italian
– Price: $
– Address: 4901 Bryan St Corner of Bryan and Fitzhugh, Dallas, TX 75206-7613
– Read more on Tripadvisor
You may also like: Highest-rated pizza restaurants in Dallas | https://cw33.com/lifestyle/food-and-drink/highest-rated-italian-restaurants-in-dallas-according-to-tripadvisor-4/ | 2022-08-08T15:57:35Z |
PARIS (AP) — Rafael Nadal’s painful left foot was numbed by multiple injections to two nerves throughout the French Open, the only way he has found to deal with a chronic condition he acknowledges puts his tennis future in doubt.
At any other tournament, Nadal said, he would not have persisted through what he called such “extreme conditions.”
Ah, but five simple words uttered after he strung together the last 11 games of a 6-3, 6-3, 6-0 victory over an overwhelmed Casper Ruud in Sunday’s intriguing-for-a-handful-of-minutes final at Court Philippe Chatrier explained Nadal’s mindset: “Roland Garros is Roland Garros.”
And so even if Nadal, a French Open champion for the 14th time now at age 36, is in obvious ways different from Nadal, a French Open champion for the first time all the way back in 2005 at age 19, that desire to give his all, no matter what, to “find solutions” — one of his oft-used phrases — remains the same.
He is the oldest champion in the history of a tournament that began in 1925, and his hair is thinning on top. The chartreuse T-shirt he wore Sunday had sleeves, unlike his biceps-baring look of nearly two decades ago. The white capri pants that ran below his knees back in the day were long since traded in for more standard shorts; Sunday’s were turquoise.
Here’s what hasn’t changed along the way to his 22 Grand Slam titles in all, another record, in addition to his between-point mannerisms and meticulous attention paid to the must-be-just-so placement of water bottles and towels: That lefty uppercut of a topspin-slathered, high-bouncing forehand still finds the mark much more frequently than it misses, confounding foes. That ability to read serves and return them with a purpose still stings. That never-concede-a-thing attitude propelling Nadal from side to side, forward and backward, speeding to, and redirecting, balls off an opponent’s racket seemingly destined to be unreachable.
Nadal is nothing if not indefatigable, just as he was in consecutive four-hour-plus victories earlier in the tournament — including against Novak Djokovic, the defending champion and No. 1 seed — and again on this afternoon, even while competing on a foot devoid of any feeling.
“When you are playing defensive against Rafa on clay,” said Ruud, a 23-year-old Norwegian who was participating in his first major final, “he will eat you alive.”
Nadal said afterward he will try other methods of helping his foot — including, even, a way “to burn, a little bit, the nerve” — over the next week to see whether that might allow him to enter Wimbledon, where he has won two of his men’s-record 22 Grand Slam titles. Play begins at the All England Club on June 27.
If these new treatments do not work, Nadal said, then he will need to consider having what he termed major surgery — and, eventually, a “decision about what’s the next step in my future.”
“It’s obvious that with the circumstances that I am playing (in),” Nadal said, “I can’t and I don’t want to keep going.”
During the trophy ceremony, Nadal thanked his family and support team, including a doctor who accompanied him to Paris, for helping him, because otherwise he would have needed to “retire much before.”
“I don’t know what can happen in the future,” Nadal told the crowd, “but I’m going to keep fighting to try to keep going.”
He played so crisply and cleanly Sunday, accumulating more than twice as many winners as Ruud, 37 to 16. Nadal also committed fewer unforced errors, making just 16 to Ruud’s 26. After trailing 3-1 in the second set, Nadal would not cede another game.
“After that moment,” Nadal said, “everything went very smooth.”
Sure did.
The view from the other side of the net?
“I’m just another one of the victims,” Ruud said, “that he has destroyed on this court.”
One of the most indelible memories Ruud will take away from this day was hearing the announcer recite the long list of years Nadal had previously won the French Open: 2005, 2006, 2007, 2008, 2010, 2011, 2012, 2013, 2014, 2017, 2018, 2019 and 2020.
“Never stops, it seems like,” Ruud said. “That takes like half a minute.”
When the players met at the net for the prematch coin toss, the first chants of “Ra-fa! Ra-fa!” rang out in the 15,000-seat stadium. Ruud would later hear folks in the stands do drawn-out pronouncements of his last name, so it sounded as if they might be booing.
Nadal is 14-0 in finals at Roland Garros, 112-3 overall. When this one ended with a down-the-line backhand from Nadal, he chucked his racket to the red clay he loves so much and covered his face with the taped-up fingers on both of his hands.
No man or woman ever has won the singles trophy at any major event more than his 14 in Paris. And no man has won more Grand Slam titles than Nadal.
He is two ahead of Roger Federer, who hasn’t played in almost a year after a series of knee operations, and Djokovic, who missed the Australian Open in January because he is not vaccinated against COVID-19.
For all that he has accomplished already, Nadal now has done something he never managed previously: He is halfway to a calendar-year Grand Slam thanks to titles at the Australian Open and French Open in the same season.
But if he can’t play at Wimbledon, which he has won twice, that doesn’t really matter much.
Ruud considers Nadal his idol. He recalls watching all of Nadal’s past finals in Paris on TV. He has trained at Nadal’s tennis academy in Mallorca.
They have played countless practice sets together there with nothing more at stake than bragging rights. Nadal usually won those, and Ruud joked the other day that’s because he was trying to be a polite guest.
The two had never met in a real match until Sunday, when a championship, money, ranking points, prestige and a piece of history were on the line. And Nadal demonstrated, as he has so often, why he’s known as the King of Clay — and among the game’s greatest ever.
“It’s something that I, for sure, never believed — to be here at 36, being competitive again, playing in the most favorite court of my career, one more time in the final,” Nadal said. “It means a lot to me. Means everything.”
___
More AP Tennis: https://apnews.com/hub/tennis and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/nadal-tops-ruud-for-14th-french-open-title-22nd-slam-trophy/ | 2022-06-06T08:53:11Z |
Evio Beauty strengthens its advisory board with the appointment of global beauty executive Maggie Ciafardini
TORONTO, Aug. 3, 2022 /PRNewswire/ -- Evio Beauty, an impact-led clean beauty brand on a mission to break stigmas with inclusive, good-for-you beauty products, has announced the appointment of global beauty executive Maggie Ciafardini to their board of advisory. Ciafardini, who has worked for the world's largest global beauty brands, brings extensive expertise and experience in sales growth and distribution strategy to Evio Beauty.
"Maggie's compassionate leadership style and passion for beauty innovation has led her to be an instrumental part of shaping the beauty industry for over three decades. She's quickly become a role model that encourages and inspires me to grow as a founder and an individual. In a short period of time, she's made a large impact on Evio's promising future. Evio is honoured to have Maggie join our journey to scale impact-led beauty and the expansion of Evio," shares Brandi Leifso, Founder & CEO of Evio Beauty.
To scale and elevate Evio Beauty, the brand has officially welcomed Maggie as a prominent advisory member for a 2-year term who comes with an impressive background as former Chief Executive Officer of YSL Beauté, General Manager of Beauté Prestige Int'l USA, a division of Shiseido, Managing Director of St. Tropez North America, and Executive Director of Bobbi Brown International.
Using her unique background, knowledge, and expertise within the makeup/skincare and fragrance industries, Ciafardini will heighten Evio Beauty's brand vision, mission, and company-wide goals through her vast beauty industry knowledge within marketing, sales, brand development, and executive coaching.
"In my over 30 years in the beauty industry, I have never met a founder quite like Brandi Leifso. Her unique lived experience and her love of beauty and cosmetics have continually motivated her to overcome daunting obstacles and offer her customers the most innovative, highest quality, and socially responsible products. The future for the Evio brand is very bright indeed, and I am thrilled to join her Advisory Board and help her achieve her vision for the brand," states Maggie Ciafardini, new member of Evio Beauty's Board of Advisory.
Evio Beauty Group is a multi-award winning impact-led, clean beauty brand. Through cause based collections co-created by the community, Evio breaks stigmas while bringing awareness to important social issues with inclusive, good-for-you beauty products. Evio was founded by Leifso when she was living in a domestic violence shelter and has since donated more than $510,000 worth of products and funding to 27+ shelters across North America to help survivors of domestic violence thrive.
@Eviobeauty / www.eviobeauty.com
Press Contact:
Push The Envelope PR
Christie Corso
732.534.5132
christie@pushtheenvelopepr.com
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SOURCE Evio Beauty | https://www.mysuncoast.com/prnewswire/2022/08/03/evio-beauty-announces-maggie-ciafardini-board-advisory/ | 2022-08-03T11:39:24Z |
Survey of marketing and IT decision-makers confirm improved customer data practices drive competitive advantage
SEATTLE, June 28, 2022 /PRNewswire/ -- Amperity, the leading customer data platform (CDP) for enterprise consumer brands, today released a new Opportunity Snapshot, a report based on a survey conducted by Forrester, targeted toward global marketing data strategy, operations and technology decision-makers at customer-driven enterprise companies. The survey found organizations in the digital economy know that customer data is one of the most valuable assets, but many continue to struggle to put it to good use.
"Today's brands have access to more data than ever before to inform their business strategies, yet the majority of organizations fail to bridge the data gap standing between them and what their customers want," said Barry Padgett, CEO of Amperity. "Instead of cataloging available data and finding a purpose for it, leaders must begin with the problem, and design their data strategy to address it."
Key findings of the report include:
- Much of an enterprise's data goes unused due to lack of an overarching strategy: Decision-makers have a vast amount of data at their disposal. Over 80% of the respondents cited their organizations collect demographic, sentiment and identity data, and nearly two thirds (63%) want to add an even richer mix of data sources. However, the study found that brands need to use what they already have: More than three quarters (77%) of decision-makers think they underutilize customer data and 81% agree they want to use existing data better. Many decision-makers struggle to manage, collaborate, share, streamline, analyze and act on the data they already have, resulting in two-thirds of respondents declaring they struggle to translate customer insights into actionable outcomes.
- Lack of cohesive data utilization puts a business at risk: Company growth depends on optimizing existing customer data to boost acquisition and retention. If businesses do not address their data use challenges, they face repercussions. Respondents named missed market opportunities (54%) and lower engagement (52%), resulting in loss of revenue (56%) as ramifications of their customer data challenge. Companies will miss opportunities to get ahead of the competition, and lose prospective and existing customers if they fail to offer personalized and engaging customer experiences. Additionally, respondents added that the lost opportunities and failure to capture market share could have a negative impact on internal employee morale at times of increased career mobility.
- Taking a holistic approach to data collection and use creates positive customer experiences: Decision-makers think that integrating systems and unifying data sources (47%), along with investing in marketing technology (44%), will result in better data access. Even beyond the technology, respondents believe that they need a holistic, multidisciplinary strategy that will help integrate silos, ensuring that the right people and data can tap existing resources and produce desired insights. Once decision-makers adopt a more strategic approach to evolve data, technology, people, and processes, they will fully harness the power to better understand customers and create engaging and relevant experiences that resonate with customers.
"By improving data access and management, organizations can create a 360-degree view of the customer and collaborate to build insightful and compelling customer experiences," Padgett added. "More satisfied customers and productive employees drive business objectives. Leading brands that optimize customer data will be at a considerable advantage against their competitors."
Download the full Opportunity Snapshot by Forrester here.
This Opportunity Snapshot was commissioned by Amperity. Forrester Consulting supplemented this research with custom survey questions asked of 206 global marketing data strategy, operations, and technology decision-makers at enterprise companies.
Amperity is the leading Customer Data Platform provider that helps companies use data to improve marketing performance, build long-term customer loyalty and drive growth. Amperity's flagship enterprise CDP is used by many of the world's most loved brands, such as Alaska Airlines, Crocs, Endeavour Drinks, Kendra Scott, Kroger, Lucky Brand, Planet Fitness, Seattle Sounders FC, Under Armour, and Wyndham Hotels & Resorts. The company is headquartered in Seattle with offices in New York City. For more information, please visit www.amperity.com or follow @Amperity.
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SOURCE Amperity | https://www.mysuncoast.com/prnewswire/2022/06/28/more-than-half-survey-respondents-believe-they-will-lose-revenue-due-customer-data-challenges-finds-amperity-report/ | 2022-06-28T13:41:41Z |
- American Family will integrate Tractable's solutions to increase efficiency and consistency in the review of subrogation auto damage via photos
- Tractable's AI solutions will be integrated across all of American Family Insurance Claims Services (AFICS), improving speed, efficiency and accuracy, underscoring its commitment to providing a superior customer experience
NEW YORK, July 13, 2022 /PRNewswire/ -- American Family Insurance, one of the largest players in US property and casualty insurance, is partnering with Tractable to apply its artificial intelligence (AI) solutions. Specifically, American Family Insurance Claims Services (AFICS) will be using Tractable as part of its claims subrogation settlement process.
American Family is one of the earliest top ten private passenger auto carriers in the US to apply Tractable's AI to claims, demonstrating the carrier's industry leadership in leveraging advanced technological solutions to create customer-driven experiences.
AFICS is launching the partnership by applying Tractable's AI Subro solution to its current inbound subrogation operations; the AI will review requests made by one insurance carrier to another with the goal of faster, easier, and more consistent alignment between parties.
Chris Conti, chief claims officer at American Family, said: "We use technology to create efficiencies that result in our team members having more time and emotional bandwidth to be there for our customers like never before. Consolidating subrogation efforts is an important step toward reallocating our focus to creating better customer experiences."
Alex Dalyac, co-founder and CEO of Tractable, said: "It's an important milestone for us to partner with American Family, a Fortune 500 company regarded for its leadership in uncovering innovative and creative solutions for the industry. Working together, we combine the trust American Family has built as a leading P&C carrier with Tractable's industry-leading AI, to demonstrate the real-time, commercial impact AI is having in insurance and beyond."
The partnership with Tractable stemmed from the AFICS 2021 Innovation Lab, an American Family-led event created to shape the future of loss support.
Gwen Olson, enterprise claims strategy associate vice president, said: "We designed the 2021 Innovation Lab to evolve past collaboration to a place where companies with shared objectives could co-create opportunities to increase the tangible value we provide to customers. We believe our customers deserve the power of choice when they engage with our claims experience; our aim is to cultivate partnerships with those best suited to deliver value in all stages of the claim."
Tractable is an Applied AI company that uses the speed and accuracy of artificial intelligence to visually assess cars and homes for accident and disaster recovery.
Our solutions aim to help people work faster and smarter, while reducing friction and waste – better for businesses, their customers and the planet.
Trained on millions of data points, Tractable's AI-powered solutions process more than $2 billion in vehicle repairs and purchases annually, and connect everyone involved in insurance, repairs, recycling and sales of cars and properties – helping people work faster and smarter, while reducing friction and waste.
Tractable AI is the tool of choice for over 35 of the world's top 100 insurance carriers. Backed by Insight Partners and other top-tier investors, our world-class research and engineering team is based in London, with offices across North America, Asia and Europe.
To learn more about Tractable and request a demo, visit tractable.ai. You can also follow us on LinkedIn and Twitter.
Based in Madison, Wisconsin, American Family Insurance has been serving customers since 1927. We inspire, protect and restore dreams through our insurance products, exceptional service from our agency owners and employees, community investment and creative partnerships to address societal challenges. We act on our belief in diversity and inclusion by constantly evolving to meet customer needs and preferences. American Family Insurance group is the nation's 13th-largest property/casualty insurance group, ranking No. 232 on the Fortune 500 list. The group sells American Family-brand products, primarily through exclusive agency owners in 19 states. The American Family Insurance group also includes CONNECT, powered by American Family Insurance, The General, Homesite and Main Street America Insurance. Across these companies the group has more than 13,500 employees nationwide.
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SOURCE Tractable | https://www.mysuncoast.com/prnewswire/2022/07/13/american-family-insurance-streamlines-claims-operations-with-tractables-ai/ | 2022-07-13T14:20:48Z |
ORLANDO, Fla. , June 14, 2022 /PRNewswire/ -- Holiday Inn Club Vacations Incorporated, a national vacation ownership company, announced today that its Sunset Cove Resort and Panama City Beach Resort received an IHG Hotels & Resorts Spirit of True Hospitality Award for its 2021 accomplishments.
Considered the most prestigious honor among IHG Hotels & Resorts properties and colleagues, the annual Spirit of True Hospitality Awards program acknowledges hotels across the Americas – including the U.S., Canada and Latin America – for exceptional performance among several key customer criteria, including cleanliness and overall customer service and satisfaction.
Spirit of True Hospitality Awards winners received scores of 90 or higher (out of 100) on Guest Room Cleanliness and Guest Love (satisfaction) surveys. Holiday Inn Club Vacations Sunset Cove and Panama City Beach Resorts were two of nearly 400 winners selected among nearly 4,300 mainstream, upscale and luxury hotels in the IHG Hotels & Resorts network across the Americas.
"We are very proud of the hard-working teams at our Sunset Cove and Panama City Beach Resorts for earning this award, as it reflects their unwavering commitment to providing exceptional service and memorable experiences to our owners and guests," said Thad Gregory, Senior Vice President of Resort Operations at Holiday Inn Club Vacations Incorporated. "These resorts have been favorites among our owners and Club members for years. While each destination offers its own unique experience, both resorts are perfect for families seeking a scenic beach getaway with plenty of local activities to enjoy."
Situated on Marco Island, next to the city of Naples, Florida, Sunset Cove Resort overlooks the Gulf of Mexico and features three-bedroom Signature Collection villas, the Company's luxury product. In addition to its beaches and parks, Marco Island is known for its abundance of outdoor activities, such as golfing, fishing and boating.
Located on Florida's Emerald Coast, Panama City Beach Resort is a beachside property that offers direct beach access and waterfront views of the Gulf in all its accommodations. Panama City Beach is a popular beach town with numerous family-friendly attractions, well-known events and festivals throughout the year and a vibrant nightlife.
Holiday Inn Club Vacations is currently hiring for hundreds of roles across its offices and network of resorts. For more information on open positions, visit hicv.com/careers.
About Holiday Inn Club Vacations Incorporated
Encompassing 28 resorts, 7,900 villas in 14 U.S. states and more than 365,000 timeshare owners, Holiday Inn Club Vacations Incorporated is a resort, real estate and travel company with a mission to be the most loved brand in family travel by delivering easy-to-plan, memorable vacation experiences that strengthen families.
Based in Orlando, Fla., the Company has been a leader in the vacation ownership industry since 1982, when it was established by Holiday Inn® founder Kemmons Wilson with the opening of the Company's flagship property, Holiday Inn Club Vacations® at Orange Lake Resort next to Orlando's Walt Disney World® Resort.
Today, the Holiday Inn Club Vacations resort portfolio spans across the United States. Throughout its history, the Company has maintained the core family values true to its majority ownership by the Wilson family, while aggressively pursuing growth, transforming its member engagement model and building an industry-leading team passionate about the guest experience.
Media Contact:
Ashley Fraboni, Holiday Inn Club Vacations
407.315.8866
afraboni@holidayinnclub.com
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SOURCE Holiday Inn Club Vacations | https://www.wibw.com/prnewswire/2022/06/14/two-holiday-inn-club-vacations-resorts-receive-spirit-true-hospitality-awards/ | 2022-06-14T16:25:23Z |
KENAI, Alaska, Sept. 9, 2022 /PRNewswire/ -- The City of Kenai and The Kenai Chamber of Commerce & Visitors Center are joining local residents and community members for the 6th year to help raise awareness about riverbank protection during September's Sixth Annual Silver Salmon Derby. The tournament begins September 13 through September 18 on the Kenai River.
The tournament allows anglers of all ages to participate and win daily prizes using a Magic Weight that is randomly generated using two wheels of identical size. With any fish over four pounds eligible to win, almost any silver you catch in the Kenai River could be a potential winner.
Named "The World's Most Responsible Fishing Tournament", the Kenai Silver Salmon Derby reduces selective fishing practices that lead to catch-and-release injuries which compromise the health of the silver salmon population in the Kenai River.
"The whole concept behind it is not only conservation of the resource being the fish, but also protecting and conserving the river. We've been accumulating the revenues from the derby over the previous five years, and we are anticipating trying to conduct a significant project to benefit the river," Paul Ostrander, Kenai City Manager, says.
The business community is an essential component of the event. Local businesses that have generously contributed to the cause include Three Bears, Sportsman's Warehouse, Marathon Oil, Buckets Sports Grill, Phillips Scales, Tote Maritime, Grant Aviation, Hilcorp, Odyssey Family Practice, Coca-Cola, and RE/MAX of the Peninsula.
Tickets for the Derby are $10 for one day or $50 for the entire event and are available at the Kenai Chamber of Commerce & Visitor Center office, Three Bears Alaska in Kenai, and Sportsman's Warehouse in Soldotna.
To learn more about the Kenai Silver Salmon Derby, visit the website or the official Facebook page.
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SOURCE Kenai Silver Salmon Derby | https://www.kxii.com/prnewswire/2022/09/09/worlds-most-responsible-fishing-tournament-celebrates-6th-year-september/ | 2022-09-09T20:12:13Z |
CEO Dominique Demolle, PhD, has been recognized as one of 2022's Most Inspiring People in the life sciences for the annual PharmaVoice 100 awards.
MONT-SAINT-GUIBERT, Belgium, Sept. 6, 2022 /PRNewswire/ -- PharmaVoice 100 showcases distinguished individuals across a number of sectors in the life sciences industry based on their ability to innovate, pioneer new paths, and lift their company to new heights – all with a wholehearted dedication to improving patients' lives. Dominique Demolle, PhD, joins the list of inspiring leaders due to her role in founding and guiding Cognivia to where it is today – and steering the company towards a bright future.
As a career drug developer, Demolle experienced firsthand the frustrations that came from knowing a compound should work, but not being able to consistently demonstrate efficacy in clinical trials. In thinking how to improve this process, she hypothesized that integrating patient psychology data would have a very significant (and positive) impact on drug development. To put that hypothesis to the test, Cognivia – propelled by Demolle's leadership – developed tools that leverage disease-specific AI-based predictive models to deliver patient psychology insights. And that hypothesis is being proved correct through the first clinical trial solution, Placebell©™, which is used for predicting each clinical trial patient's placebo response. So far, this method has produced positive results in a variety of indications like chronic pain (nearly 40% improvement in assay sensitivity) and other indications in neurology and ophthalmology.
In 2013 alongside two close colleagues, Demolle laid the foundation for Cognivia's success with not only the right infrastructure but also a likeminded group of people to support the novel concept. Today, with the Placebell©™ approach proven, other solutions in development (for example, prediction of patient compliance), and a growing expert team, Demolle is preparing the company for the future – with her sights on scalability, automation and next-gen solutions.
Contact:
Alex Hernandez
alex@altitudemarketing.com
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SOURCE Cognivia | https://www.kxii.com/prnewswire/2022/09/06/cognivia-ceo-dominique-demolle-phd-named-among-2022s-most-inspiring-people-by-pharmavoice/ | 2022-09-06T16:00:35Z |
Mariupol teeters as Ukrainians defy surrender-or-die demand
KYIV, Ukraine (AP) — Ukrainian fighters holed up in a steel plant in the last known pocket of resistance inside the shattered city of Mariupol ignored a surrender-or-die ultimatum from the Russians on Sunday and held out against the capture of the strategically vital port.
The fall of Mariupol, the site of a merciless, 7-week-old siege that has reduced much of the city to a smoking ruin, would be Moscow’s biggest victory of the war yet and free up troops to take part in a potentially climactic battle for control of Ukraine’s industrial east.
As its missiles and rockets slammed into other parts of the country, Russia estimated 2,500 Ukrainian troops and about 400 foreign mercenaries were dug in at the hulking Azovstal steel mill, which covers more than 11 square kilometers (4 square miles) and is laced with tunnels.
GRAPHIC WARNING: Videos and photos may contain disturbing images.
Moscow gave the defenders a midday deadline to surrender, saying those who laid down their arms were “guaranteed to keep their lives.” The Ukrainians rejected it, just as they did with previous ultimatums.
“We will fight absolutely to the end, to the win, in this war,” Ukrainian Prime Minister Denys Shmyhal vowed on ABC’s “This Week.” He said Ukraine is prepared to end the war through diplomacy if possible, “but we do not have intention to surrender.”
Ukrainian President Volodymyr Zelenskyy sent Easter greetings via Twitter, saying: “The Lord’s Resurrection is a testimony to the victory of life over death, good over evil.”
If Mariupol falls, Russian forces there are expected to join an all-out offensive in the coming days for control of the Donbas, the eastern industrial region that the Kremlin is bent on capturing after failing in its bid to take Kyiv, Ukraine’s capital.
The relentless bombardment and street fighting in Mariupol have killed at least 21,000 people, by the Ukrainians’ estimate. A maternity hospital was hit by a lethal Russian airstrike in the opening weeks of the war, and about 300 people were reported killed in the bombing of a theater where civilians were taking shelter.
An estimated 100,000 remained in the city out of a prewar population of 450,000, trapped without food, water, heat or electricity in a siege that has made Mariupol the scene of some of the worst suffering of the war.
“All those who will continue resistance will be destroyed,” Maj. Gen. Igor Konashenkov, the Russian Defense Ministry’s spokesman, said in announcing the latest ultimatum.
Ukrainian Deputy Defense Minister Hanna Malyar described Mariupol as a “shield defending Ukraine” as Russian troops prepare for battle in the mostly Russian-speaking Donbas, where Moscow-backed separatists already control some territory.
Russian forces, meanwhile, carried out aerial attacks near Kyiv and elsewhere in an apparent effort to weaken Ukraine’s military capacity ahead of the anticipated assault.
After the humiliating sinking of the flagship of Russia’s Black Sea Fleet last week in what the Ukrainians boasted was a missile attack, the Kremlin had vowed to step up strikes on the capital.
Russia said Sunday that it had attacked an ammunition plant near Kyiv overnight with precision-guided missiles, the third such strike in as many days.
Explosions were also reported overnight in Kramatorsk, the eastern city where rockets earlier this month killed at least 57 people at a train station crowded with civilians trying to evacuate ahead of the Russian offensive.
A regional official in eastern Ukraine said at least two people were killed when Russian forces fired at residential buildings in the town of Zolote, near the front line in the Donbas.
At least five people were killed by Russian shelling in Kharkiv, Ukraine’s second-largest city, on Sunday, regional officials said. The barrage slammed into apartment buildings and left the streets scattered with broken glass and other debris, including part of at least one rocket.
Kharkiv Mayor Igor Terekhov, in an impassioned address marking Orthodox Palm Sunday, lashed out at Russian forces for not letting up the bombing campaign on such a sacred day.
Russia also said that its forces shot down two Ukrainian MiG-29 fighter jets in the Kharkiv region and destroyed two Ukrainian command posts and a radar system for S-300 surface-to-air missiles in the city of Avdiivka, north of Donetsk city. Ukrainian officials did not immediately confirm the claimed losses.
Malyar, the Ukrainian deputy defense minister, said the Russians continued to hit Mariupol with airstrikes and could be getting ready for an amphibious landing to reinforce their ground troops.
Capturing the southern city on the Sea of Azov would allow Russia to fully secure a land corridor to the Crimean Peninsula, which it seized from Ukraine in 2014, and deprive Ukraine of a major port and its prized industrial assets.
The looming offensive in the east, if successful, would give Russian President Vladimir Putin a vital piece of the country and a badly needed victory that he could sell to the Russian people amid the war’s mounting casualties and the economic hardship caused by the West’s sanctions.
Austrian Chancellor Karl Nehammer, who met with Putin in Moscow this week — the first European leader to do so since the invasion Feb. 24 — said the Russian president is “in his own war logic” on Ukraine.
In an interview on NBC’s “Meet the Press,” Nehammer said he thinks Putin believes he is winning the war, and “we have to look in his eyes and we have to confront him with that, what we see in Ukraine.’’
Without explicitly mentioning Putin’s decision to invade, Pope Francis made an anguished Easter Sunday plea for peace in Ukraine, decrying “this cruel and senseless war into which it was dragged.”
___
Chernov reported from Kharkiv. Yesica Fisch in Kramatorsk, Ukraine, and Associated Press journalists around the world contributed to this report.
___
Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/04/17/russia-strikes-ukraines-big-cities-bears-down-mariupol/ | 2022-04-17T23:10:43Z |
Zscaler™ Security Service Edge Solution Receives AAA Rating.
AUSTIN, Texas, June 7, 2022 /PRNewswire/ -- CyberRatings.org, the non-profit entity dedicated to providing transparency on cybersecurity product efficacy, has published its Security Service Edge (SSE) rating for Zscaler. CyberRatings conducted an independent test of Zscaler's Firewall as a Service (FWaaS) with Zscaler earning a 'AAA' rating overall. Management, Routing and Policy Enforcement, Zero Trust Network Access (ZTNA), SSL/TLS Functionality and Performance were tested.
SSE technology is new to the market with security vendors continuing to introduce their technology offerings in the space. First introduced by Gartner in a late 2019 blog post as Secure Access Service Edge (SASE) technologies include SD-WAN, SWG, CASB, ZTNA and FWaaS as core abilities. Gartner then introduced Security Service Edge (SSE) in 2021 as a subset of SASE which excluded the SD-WAN.
"This SSE test is the first of its kind. The complexity of testing new technologies in a cloud service meant we couldn't just use the same test tools and procedures. Everything needed to be reimagined," said Vikram Phatak, CEO of CyberRatings.org. "We collaborated with Keysight's network and cloud product teams over many months to develop tools that could address this challenge," added Phatak.
Keysight developed CyPerf in order to test cloud performance (including the performance of TLS / SSL encrypted traffic) cipher suite support, policy enforcement and stability / reliability.
"The distributed nature of hybrid/cloud networks calls for a new way of testing," said Ram Periakaruppan vice president and general manager, Keysight's Network Test and Security Solutions. "Keysight developed its industry-first cloud-native CyPerf test solution to help users validate services like SSE, software-defined wide area network (SD-WAN), and cloud network firewall. We are excited to partner with CyberRatings in testing the SSE technology."
CyberRatings has a three-phase plan for testing SSE products, with FWaaS and ZTNA as the first phase. Phase two will include testing detection / prevention of exploits, malware, and evasions. The third phase will address data protection, exfiltration and compliance.
To read the CyberRatings in-depth report on the various SASE capabilities offered by Zscaler, go to CyberRatings.org.
CyberRatings.org is a non-profit 501(c)6 entity dedicated to quantifying cyber risk and providing transparency on cybersecurity product efficacy through testing and ratings programs. To become a member, visit www.cyberratings.org
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SOURCE CyberRatings.org | https://www.wibw.com/prnewswire/2022/06/07/cyberratingsorg-announces-test-results-ratings-security-service-edge-sse-focused-firewall-service/ | 2022-06-07T21:45:23Z |
(The Hill) – Prominent GOP pollster Frank Luntz said in a recent interview that Republicans in private are mocking former President Trump and they are “tired of going back and rehashing the 2020 election.”
Luntz said he was not surprised by comments made by New Hampshire Gov. Chris Sununu (R) that gained attention from the Gridiron Club’s annual dinner.
“He’s f—— crazy,” Sununu said of Trump earlier this month at the annual event, known for its roasts of politicians and other figures.
“I don’t think he’s so crazy that you could put him in a mental institution,” he added. “But I think if he were in one, he ain’t getting out.”
Luntz said that while the comments were made at a roast, many members of the Republican party feel the same way.
“I don’t know a single Republican who was surprised by what Sununu said. He said what they were thinking,” Luntz said to The Daily Beast. “They won’t say it [in public], but behind his back, they think he’s a child. They’re laughing at him.”
“That’s what made it significant,” he added, referring to Sununu’s comments.
Luntz added, “Trump isn’t the same man he was a year ago.”
“Even many Republicans are tired of going back and rehashing the 2020 election. Everybody else has moved on and in Washington everyone believes he lost the election,” the pollster said.
After Sununu’s comments at the dinner gained attention, he emphasized that his remarks were a joke.
“It’s all a joke. Look, I don’t think he’s crazy. It’s all a joke,” Sununu said.
“It’s all in fun, it’s all a joke, and anyone who’s trying to make this to be more than it is either seriously doesn’t understand what the Gridiron dinner is all about or just has to, you know, like I said, lighten up a little bit, get a sense of humor,” he added.
President Biden even appeared at the popular event via a video message.
“I get the sense even if I’m not at the dinner, I’m going to be on the menu,” the president said.
Sununu late last year announced that he would run for a fourth term as governor, despite pressure from the GOP to run for Senate.
“I’d rather push myself 120 miles an hour delivering wins for New Hampshire than to slow down, end up on Capitol Hill debating partisan politics without results. That’s why I am going to run for a fourth term,” Sununu said, speaking from Concord, N.H. | https://cw33.com/news/gop-pollster-says-republicans-are-mocking-child-trump/ | 2022-04-13T19:49:05Z |
Parent Company, Radio Systems Corporation®, acquires Invisible Fence of Carroll County, Invisible Fence of Delmarva, Invisible Fence of Baltimore, and Invisible Fence of Maryland, all are authorized independent dealerships, in an expansion effort to support more pet owners.
BALTIMORE, July 14, 2022 /PRNewswire/ -- Invisible Fence® Brand, a pioneer in the pet containment industry, announce they are expanding their service area in Maryland, effective July 14th, 2022.
Invisible Fence of Carroll County, Invisible Fence of Delmarva, Invisible Fence of Baltimore, and Invisible Fence of Maryland have been authorized, full-service dealerships of genuine Invisible Fence products and services since 1990 with collectively more than 19,000 satisfied human customers, as well as the endorsement of neighborhood veterinarians.
Invisible Fence of Delmarva will be rolling into Invisible Fence of Bay Area while Invisible Fence of Carroll County, Invisible Fence of Baltimore, and Invisible Fence of Maryland will be merging under Invisible Fence of Maryland.
"Our mission is to keep dogs and cats safe at home, and the Maryland team is passionate about working hard to ensure pet safety. We're excited to join forces with them and change the way people live with their pets." Said Ed Hoyt, Senior Director of Invisible Fence.
Acquiring Invisible Fence of Carroll County, Invisible Fence of Delmarva, Invisible Fence of Baltimore, and Invisible Fence of Maryland is Radio System Corporation's 27th acquisition in 21 months. The company recently acquired Invisible Fence of Chattanooga and Invisible Fence of Middle Tennessee now having a footprint that covers over 240 communities across the U.S. and Canada.
"We're eager to expand our direct services in Maryland. We'll be able to extend our customer service hours and offer new and innovative solutions while providing the same high-level attention the customers of Maryland have come to expect." Said Hoyt.
Invisible Fence offers the premier dog fence on the market including professional installation, Perfect Start™ Plus Training, and exclusive Boundary Plus® Technology. Highly recommended by veterinarians, dog trainers, animal behaviorists, and other pet experts, Invisible Fence offers pet fences that can be customized for clients' unique needs.
Invisible Fence of Bay Area and Invisible Fence of Maryland will continue to champion pet welfare in the local community through local animal shelter donations, adoption events, and the Project Breathe™ Program.
For additional information or questions, customers can call 1-800-578-3647 or visit InvisibleFence.com, and follow Invisible Fence of Bay Area and Invisible Fence of Maryland on Facebook.
Invisible Fence pioneered the pet containment industry in 1973, making it their mission to provide safe boundaries inside and outside of the home. The Radio Systems Corporation® owned company predominantly sells pet containment, avoidance and access solutions across the U.S. and Canada. In addition to offering award-winning products like Boundary Plus® Technology, Authorized Dealers provide professional installation, Perfect Start™ Plus Training and integrated solutions that have protected more than three million pets to date. Invisible Fence also founded the Project Breathe™ Program in 2006, donating more than 32,000 pet oxygen masks to fire departments and first responders. For more information on Invisible Fence or to find a local dealer, visit InvisibleFence.com or follow the company on Facebook.
Media Contact:
Contact: Rana Heidari
Email: rheidari@invisiblefence.net
Phone: (615) 339-8455
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SOURCE Invisible Fence® Brand | https://www.mysuncoast.com/prnewswire/2022/07/14/invisible-fence-brand-expands-direct-service-maryland/ | 2022-07-14T19:29:35Z |
Amazon to raise seller fees for holidays amid rising costs
NEW YORK (AP) — Amazon is raising charges on third-party sellers again — this time adding a holiday fee for merchants who use the company’s fulfillment services to pack and ship items to customers.
From Oct. 15 to Jan. 14, sellers will be hit with an average fee of $0.35 per item sold using Amazon’s fulfillment services in the U.S. and Canada, according to a notice the company sent to merchants Tuesday.
It’s the second fee hike imposed on merchants this year by the online retail behemoth. In April, the company added a 5% “fuel and inflation” surcharge to offset rising gas costs and inflation, which is running close to its highest level in four decades.
To use Amazon’s fulfillment services, merchants already have to pay a fee that varies based on an item’s size, weight or category.
In the notice sent Tuesday, Amazon noted the holiday season increases fulfillment and logistics costs due to the volume of shipments being transported. The company said it previously absorbed these cost increases. But seasonal expenses were now “reaching new heights,” it said.
“Our selling partners are incredibly important to us, and this is not a decision we made lightly,” the company said.
CNBC first reported on the hike in fees.
Holiday pricing adjustments are not novel to Amazon. Last week, the U.S. Postal Service said it filed a notice to implement a temporary price hike to cover extra handling costs during the holiday season.
But at Amazon, seller fees — and their repeated increases — are a subject of contention since the company controls a vast share of the e-commerce market. Critics argue the company’s excessive fees could potentially lock out merchants from its marketplace.
“Corporations that have monopoly power tend to raise prices, and that’s what we’re seeing here,” said Stacy Mitchell, an Amazon critic and co-director for the anti-monopoly group Institute for Local Self-Reliance. “Amazon’s dominance of the online market means that small businesses have little choice but to pay up.”
Last month, Amazon’s Chief Financial Officer Brian Olsavsky said during a media call that third-party sellers represented 57% of total units sold on Amazon during the three-month period that ended June 30, the highest in the company’s history.
The Seattle-based company’s second-quarter earnings report also showed total revenue Amazon collects third-party sellers had jumped 13% compared to the prior year, while revenue from its own retail business had declined by 4%.
___
This story has been updated to correct that the holiday fee ends on Jan. 14, not Jan. 23.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/08/16/amazon-raise-seller-fees-holidays-amid-rising-costs/ | 2022-08-16T22:14:41Z |
As Mega Millions tops $1 billion, Jackpocket announces latest $1M+ winners in NY
NEW YORK, July 27, 2022 /PRNewswire/ -- Jackpocket, the leading third-party app in the U.S. to provide a secure way to order official state lottery tickets, today announced that a Mega Millions ticket worth $3,000,000 was ordered in Westchester County using the Jackpocket lottery app.
The Quick Pick ticket matched 5 of 5 white numbers drawn in the July 22 Mega Millions drawing only missing the gold Mega Ball. By adding the $1 Megaplier to their ticket, the player multiplied their second-prize winnings by 3X to a guaranteed $3,000,000.
"We can't wait to celebrate this NY winner and are so proud to facilitate this life-changing win for them," said Jackpocket Founder and CEO Pete Sullivan. "Jackpocket's mission is to make the lottery more accessible and convenient to play. As this historic Mega Millions crosses the $1 billion mark, it's easier than ever to play your favorite games from anywhere in New York."
New York was doubly lucky this past weekend. Another Jackpocket player, this time in Kings County, won a $1 million Cash4Life prize on July 21. The back-to-back millionaires became the 5th and 6th New York lottery players to win prizes worth a million dollars or more using the app.
So far, there have been over 350,000 Jackpocket winners in New York State who have claimed more than $60 million in prize money since the app's launch in 2021. Nationwide, over $160 million in lottery prizes has been won on Jackpocket by more than 1 million individual winners to date. In total, 18 individual Jackpocket players across the country have won prizes of $1 million or more.
Must be 18 or older to play. If you or someone you know has a gambling problem and wants help, call 1-877-8-HOPE-NY.
Jackpocket is on a mission to create a more convenient, fun and responsible way to play the lottery. The first licensed third-party lottery app in the United States, Jackpocket provides an easy, secure way to order official state lottery tickets. Jackpocket is currently available in Arkansas, Colorado, Minnesota, Missouri, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oregon, Texas, and Washington, D.C., and is expanding to many new markets. Download the app on iOS or Android and follow along on Facebook, Twitter and Instagram.
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SOURCE Jackpocket | https://www.kxii.com/prnewswire/2022/07/27/3000000-ny-mega-millions-ticket-ordered-jackpocket-lottery-app/ | 2022-07-27T18:40:13Z |
The new platform provides property owners, developers, and contractors with powerful, intuitive tools needed to reach carbon neutral goals
PORTLAND, Ore., Sept. 15, 2022 /PRNewswire/ -- Carbon Title today unveiled the first decentralized platform designed to bring radical transparency to decarbonization efforts within the real estate sector, which is responsible for nearly 40% of greenhouse gas emissions worldwide. The industry has a historic opportunity to reduce carbon emissions, but until now, property owners, contractors, and developers have not been properly equipped to effectively reduce their emissions, particularly in building materials and construction.
That changes today.
Carbon Title's easy-to-use tools will not only enable but also motivate the real estate industry to achieve its carbon neutral goals by marrying intuitive design with blockchain technology. All emissions data – from both existing buildings and those under construction – will be easily accessible and searchable to the public so that the industry can, for the first time ever, operate transparently around environmental costs. As a result, this will allow both companies to avoid greenwashing and consumers to make informed decisions about where they decide to live and work. The data will be available to the public soon via CarbonTitle.com.
The company is backed by GreenPoint Partners, Alpaca, Ripple, Allegory, and Packy McCormick and has already launched pilots with companies including Hoffman Construction, Lease Crutcher Lewis, Killian Construction, Corigin, and more. Carbon Title also partners with high-quality carbon offset creators, such as DroneSeed.
Why Carbon Title?
The real estate industry is facing a near impossible task: Increase construction output to meet growing housing and infrastructure demands while simultaneously fighting climate change by self-regulating and reducing carbon emissions. In fact, from 2020 to 2030, the construction industry is expected to double, so in order to meet the UN target of slashing emissions by 45% during that period, it would require an approximately 73% reduction in emissions across the real estate industry. This is a monumental task that will require the industry to fundamentally rethink how it approaches decarbonization. Inaction is no longer an option.
"Research shows that climate change threatens to undo the last 50 years of progress in development, global health, and poverty reduction. It is costing the world billions in economic prosperity and threatens to kill more than 250,000 people annually from malnutrition, malaria, and extreme heat," said Trevor Dryer, co-founder at Carbon Title. "Carbon Title's singular mission is to make every building carbon neutral and to rally the industry to avert the worst of this looming crisis."
Carbon Title provides users with the tools to calculate their carbon footprint quickly across their entire portfolio, empowering them to map a path to a carbon-neutral future and accelerate the pace of change. The innovative platform helps calculate carbon impact, make informed decisions, assess sustainable building options, and monitor and track progress, while also facilitating the purchase of high-quality carbon removals for pre-built structures.
"I've spent years in the real estate and construction industries and know how daunting decarbonization is for the industry," said Miles Haladay, co-founder at Carbon Title. "However, if we take steps forward together, the industry can get there. By making this data public, developers and contractors will get the buy-in they need to start decarbonizing from day one."
"Accountability and transparency are essential components of the global push to decarbonize real estate, particularly as it relates to carbon offsets and removal projects," said Chris Green, Founder, and CEO of GreenPoint Partners. "We believe Carbon Title's seamless, intuitive user experience will allow developers – and the broader real estate industry – to significantly reduce emissions and meet decarbonization goals."
"At Hoffman, we are using the Carbon Title platform to take action to reach our net zero ambitions with our own buildings as well as offer a carbon neutral service to our customers," said Dan Drinkward at Hoffman Construction. "Not only is it seamless and easy to use, but it gives us the power to map out decarbonization plans at the earliest phase of planning and development and deliver a carbon neutral building."
Click here to join Carbon Title's movement to make every building carbon neutral.
About Carbon Title:
Based in Portland, OR, and founded in 2021 by Miles Haladay and Trevor Dryer, Carbon Title is the first decentralized platform bringing radical transparency to decarbonizing the real estate sector. Built to meet the demand for climate action, Carbon Title delivers an end-to-end solution making it easier, more attractive, and even more profitable to make every building carbon neutral. Follow us on LinkedIn and Twitter. For more information and visuals, click here.
Press Contact:
Melissa Whitworth, Lightspeed PR/M
melissa@lightspeedpr.com
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SOURCE Carbon Title | https://www.kxii.com/prnewswire/2022/09/15/carbon-title-challenges-real-estate-industry-decarbonize-before-its-too-late-unveils-platform-motivate-change-through-radical-transparency/ | 2022-09-15T13:23:12Z |
New registrations jump 90% over previous month, leading to 56% increase in new depositing customers
VANCOUVER, BC, June 6, 2022 /PRNewswire/ - Kings Entertainment Group Inc. ("Kings Entertainment" or the "Company"), an international online service provider for lottery, casino, and sportsbook gambling and parent company of global online gaming innovators LottoKings and WinTrillions, today shared highlights of the Company's operations in the month of May 2022.
Both new customer registrations and new depositing customer numbers continued to climb in May through Kings Entertainment's flagship lottery brands, Win Trillions and Lotto Kings. Although persistently low jackpots dampened customer enthusiasm throughout the sector globally, Kings was able to add nearly 13,000 new registrations, a 90% jump since April, and 1466 new depositors, a 56% increase over the same period.
Active casino customers jumped by almost 15%, with 939 active players in the live and virtual casinos, although casino revenue for the month decreased by almost 60% due to customer wins in the casino division.
The increases in active casino customers contributed to an overall Kings active customer increase of 3%, although the significant casino wins caused a slight drop in overall revenue.
"We're very pleased with the consistent growth that we've been able to achieve," commented Steve Budin, CEO of Kings Entertainment. "Despite a sustained period of low lottery jackpots, we've continued to successfully build our active customer numbers. We're confident that over time, this strong foundation of active customers will lead to longer-term, sustained growth in the bottom line."
"We're also very focused on our previously announced acquisition of Sports Venture Holdings, operators of leading Canadian sports betting brand Bet99," added Mr .Budin. "This acquisition brings together two strong brands in the international online gambling sector and also gives Kings a strong foothold in the emerging Canadian sports betting market."
Kings Entertainment (CSE:JKPT, OTC:JKPTF) is an international online service provider for lottery, casino, and sportsbook gambling and parent company of global online gaming innovators LottoKings and WinTrillions. These brands leverage their ability to acquire high-potential players through renowned lottery offerings, then engage players in a range of casino and sportsbook offerings. LottoKings and WinTrillions have attracted and retained millions of player sign-ups since their inception.
This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that the Company anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Such information may involve, but is not limited to, statements with respect to: the Company's business and business plans; the Company's strategy and current focus on developing brands in the global online gaming market; and global market opportunities in the online gaming space, including in respect of anticipated growth, progress of legalization in various jurisdictions and growth in Latin America. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results "may", "could", "would", "might" or "will" (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management's current expectations or beliefs regarding future growth, results of operations, future capital (including the amount, nature and sources of funding thereof) and expenditures. Any and all forward-looking information contained in this press release is expressly qualified by this cautionary statement. Trading in the securities of the Company should be considered highly speculative.
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SOURCE Kings Entertainment | https://www.kxii.com/prnewswire/2022/06/06/kings-entertainment-shares-may-corporate-highlights/ | 2022-06-06T12:55:56Z |
Dear Heloise: I just saw in your column this morning about gift ideas for a high school graduate going to college. My favorite gift is a first aid kit. I fill a small storage container with first aid items. The graduates always say how useful it is and that their dorm mates come to them when they need something.
— Carol E., Rockingham, Va. | https://www.tdtnews.com/life/advice_columns/article_7b1f9914-fd35-11ec-a3f8-a35a067f86c5.html | 2022-07-07T07:43:57Z |
Wild Gardenia offers a curated collection of women-owned, artisanal brands.
WASHINGTON, July 20, 2022 /PRNewswire/ -- Former practicing DC attorney Natalie Zink has embarked on her next chapter: the launch of an online indie clothing store called Wild Gardenia Boutique. Based in the DC and Northern Virginia area, the boutique features a collection of indie women's clothing and indie accessories that fashion-minded consumers will love. The indie boutique aims to cater to all women and is size inclusive.
The online boutique offers a compelling take on the traditional ecommerce experience. Wild Gardenia's website highlights how women can incorporate unique pieces into their existing wardrobe, offering suggestions on how to curate inspired looks for brunch, dates, vacations, and more.
"I desired to create a boutique that catered to women like me, relatively young urban professionals who like exploring new places and people," says 30-year-old Zink. "I want to introduce women to statement pieces that they can combine with items already in their wardrobes. I like mixing classic timeless pieces and items with a bit of a twist."
A suite of woman-owned, artisanal brands (among others) make up the boutique's current collection. Shoppers will find beloved brands such as Pinch, Pink Harley, and Jessie Zhao on the site. The owner's favorite piece in the collection is the Daisy Buchanan Romper—shoppers simply must check it out.
Zink, who holds a master's degree in Arabic, left her attorney position in the wake of the pandemic. The uncertainty of COVID inspired the founder to pivot in her career and pursue her true passion: building an online indie boutique that could serve as a creative outlet for herself and women across the region. Based in Washington, DC, the founder will soon relocate to Fairfax, Virginia, where she will continue building her first venture.
"I wanted to create something with my own two hands," says Zink. "I have always loved clothing and used it as a way to express myself. During the pandemic, I realized how much I missed getting dressed up to go to the office or meet up with friends. Wild Gardenia aims to provide women with the ability to express themselves comfortably through fashion and dress in a way that celebrates everyday life."
Women can visit Wild Gardenia Boutique to find inspiration in the way they dress. Through her online store, Zink encourages women like her to be bold, take chances, and live the life they envision.
Wild Gardenia Boutique is an online indie boutique based in the Washington, DC and Northern Virginia area. The site offers a curated collection of women-owned, artisanal brands—balancing fun and practicality, while underscoring the idea that clothing and accessories should be seamless, comfortable, and inspiring.
Contact:
Natalie Zink, Owner
Wild Gardenia Boutique
contactus@wildgardeniaboutique.com
www.wildgardeniaboutique.com
Instagram: wild_gardenia_boutique
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SOURCE Wild Gardenia Boutique | https://www.wibw.com/prnewswire/2022/07/20/former-dc-attorney-launches-indie-online-boutique/ | 2022-07-20T12:33:00Z |
BELTON — A Bell County disaster declaration issued last week following a tornado in the Salado area was extended Monday by the Commissioners Court.
The declaration, which makes way for possible aid to those affected, was approved unanimously by the commissioners. The disaster declaration will stay in place until removed by the county judge or by the Commissioners Court.
Extension of the declaration comes as the county continues to clean up debris along the EF-3 tornado’s path in southern Bell County.
Bell County Judge David Blackburn praised help for cleanup efforts, with assistance from more than 20 local and state organizations as well as volunteers.
“Cleanup efforts have really moved at an extraordinary pace over the last few days and we have been able to reopen the road,” Blackburn said referring to FM 2483, which was partially closed for days after the storm. “Power has been restored to all but 11 properties as of this morning. The 11 properties that we have not restored power to are properties what there is no structure to restore power to.”
Previously more than 638 Bartlett Electric Cooperative customers in the area were without power.
Blackburn said the electric cooperative, along with other utility companies, are currently working to get temporary electric boxes for the 11 homes still without power. He said this would allow these residents to clean up faster.
Blackburn said the county is currently working with property owners to see what help they need so they can coordinate with volunteers and local organizations.
Multiple county officials complimented the response put together by Bob Reinhard, emergency management coordinator for the county, during the meeting.
Commissioner Russell Schneider said both he and Commissioner Bill Schumann have seen many disaster responses during their time with the county.
“Commissioner Schumann and I have gone through other disasters without the leadership that Bob has show this past week,” Schneider said. “He has done a phenomenal job.”
Phone lines created by the county last week remain open, offering help to those affected and a place for volunteers to offer their help. The first line at 254-534-5462 is for those affected by the storm, while the second line at 254-534-2217 is for volunteers.
Successful fundraisers
Online fundraisers through the website GoFundMe continued to see donations pour in over the weekend, with two exceeding their goals.
One fundraiser organized by local Stephen Perez for his sister’s family has now surpassed its goal of raising $80,000. The fundraiser, as of Monday afternoon, had raised $90,100.
His niece, Miriam Rios, a Salado ISD first-grader, remains in critical condition after she was found unconscious and dangling upside down in a tree Tuesday night near where the family’s mobile home off FM 2483 was destroyed. Parents Joel and Vanessa Rios, along with 1-year-old sibling Ezra were thrown into nearby fields before they were rushed to a local hospital. Vanessa Rios suffered a miscarriage from her injuries.
Donations to the family have almost doubled since Friday afternoon, when the fundraiser had only seen $46,105 in donations. Those interested in donating to the family may go to https://bit.ly/3Ofn1wo.
A fundraiser for Victory Baptist Church in Salado also surpassed its goal to raise $20,000 by receiving 47 donations totaling $24,222. Donations may be given at https://bit.ly/3JVozZ0.
Other fundraisers
Funding efforts that remain short of listed goals:
Cedar Valley Baptist Church and cemetery - https://bit.ly/3L262vy
Califano family – https://bit.ly/37lt16d
Prado family - https://bit.ly/3xCoHdl
Fence rebuilding project – https://bit.ly/3xBCK2F
McGregor family – https://bit.ly/3jOxJf5
Villafranco tornado help - https://bit.ly/3OnoFft
Villafranco family – https://bit.ly/3uTiOGU
Victory Church - https://bit.ly/3KU0NxS | https://www.tdtnews.com/news/central_texas_news/article_ccdca02a-bf6f-11ec-9086-5f515975aca9.html | 2022-04-19T03:38:06Z |
Strong Finish to FY22, up 23% Y/Y, supports guidance of $6.5-7.0 Revenue for FY23
CUPERTINO, Calif., June 29, 2022 /PRNewswire/ - (TSXV: BWLK) (OTCQB: BWLKF) – Boardwalktech Software Corp. ("Boardwalktech" or the "Company"), a leading digital ledger platform and enterprise software solutions company, is pleased to report its financial results for the three and twelve-month period ended March 31, 2022. All figures are reported in U.S. dollars, unless otherwise indicated. Boardwalktech's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS").
Financial Highlights:
- Revenues for Q4-FY22 of $1.20 million grew 23% versus $1.06 million of revenue in Q4-FY21 and up 13% from $1.0 million in Q3-FY22. Revenue from recurring license contracts was up 31% in Q4-FY22; while revenue from contracts signed since 2018 is now 95% of revenue (100% retention), growing at 46% CAGR since 2018. Total revenue for FY22 was $4.38 million versus $4.34 million
- ARR at March 31, 2022, was $3.7 million, a 30% year-over-year increase versus ARR of $2.8 million at March 31, 2021. The Company defines annual recurring revenue ("ARR"), a non-IFRS metric, as the recurring revenue expected based on annual license subscriptions and recurring services.
- Gross margin in Q4-FY22 of 87.9% increased 2.2% points over Q4-FY21 gross margin of 85.7%, due to higher sales volume. FY22 gross margin finished at 86.6%.
- Adjusted EBITDA loss for Q4-FY22 narrowed to $(0.45) million, an improvement of 24% versus Adjusted EBITDA of $(0.60) million in Q4-FY22. Adjusted EBITDA loss for FY22 was $(1.9) million.
- Non-IFRS net loss for FY22 (as defined in the Non-IFRS Financial Measures section) totaled $(2.0) million, or $(0.05) per basic and diluted share, a 14% improvement when compared to a net loss of $(2.4) million, or $(0.10) per basic and diluted share, while the Non-IFRS net loss for Q4-F22 improved 40% year-over-year.
- Reported IFRS loss $(4.1) million in Fiscal 2022, or $(0.08) per basic and diluted share, versus $(3.6) million, or a loss of $(0.15) per basic and diluted share, in Fiscal 2021, but a 25% improvement in Q4-FY22 over prior year.
Outlook and Guidance:
- Based upon the Company's recent contract closings and those in the process of closing, the Company projects revenue for the upcoming fiscal year to be $6.5 million to $7.0 million (49% - 60% growth; 54% at the midpoint). Over 95% of the incremental growth in this initial guidance is derived from recurring license revenue. This does not preclude any additional professional service revenue above this guidance, just that this guidance does not assume any revenue growth based on professional services. This initial guidance is not based on pipeline potential but based on what is in the Company's control or already closed, which means any pipeline conversion would be incremental to this initial guidance range.
- The Company believes it has sufficient funds and current receivables such that that it does need to, nor does it plan to do any equity financing events to achieve its guidance or upside growth, while reaching profitability during the next year.
- Due to the increase of new recurring revenue contracts, as well as a growing pipeline of similar deals, the Company will be providing guidance on a go forward basis as the predictability of the business improves.
Operations highlights
- On March 31, 2022, the Company announced it had signed a long-term recurring license agreement with one of the world's largest banking and financial services companies based in New York, with a focus on compliance, risk, data management, and business process improvement. This new client was brought via a teaming agreement with an existing Boardwalktech client/partner, with the Company projected to recognize net proceeds (i.e., Adjusted-EBITDA) in excess of $4 million over the first three years of the contract.
- On a related note, on April 25, 2022, the Company announced it had signed its second banking client via a new license contract with a major India bank, with initial revenue beginning at the end of Q4-FY22.
- On March 7, 2022, the Company announced it had signed a third recurring license with an existing North American Fortune 500 multinational consumer products customer, reflecting the Company's "land and expand" strategy. This new application will automate managing their global excess inventory by automating this process on the Boardwalk Digital Ledger low-code application platform, with revenue in the first year expected to exceed $150,000.
- On March 1, 2022, the Company announced that its common shares became eligible for electronic clearing and settlement through the Depository Trust Company (DTC). Since then, the Company's common shares also became FAST eligible. DTC eligibility is expected to simplify the process of trading and enhance the liquidity of the Company's common shares in the United States.
- On April 18, 2022, the Company also migrated its transfer agent services to Odyssey Trust Company to further simplify and improve the processing of Company's common share and improve liquidity.
- On January 4, 2022, the Company announced that it had signed an engagement with Harbor Access investor relations advisors to improve its investor relations services along with engaging in cross-border IR activities and services.
"Fiscal Year 2022 will prove to be an inflection point in Boardwalktech's history, not based on outlook and optimism but on actual results. Since several of our recent deals closed at the end of Fiscal 2022, investors should see material sequential revenue growth in Fiscal 2023 as those license contracts are recognized" Chief Executive Officer Andrew T. Duncan commented, "We continue our 'land and expand' strategy throughout our existing client base and have successfully executed on our SaaS business model with predictable, annual recurring revenues. Additionally, at the end of fiscal 2022, we have entered into a new business channel by welcoming two global banking institutions to join our list of large multinational Fortune 500 client companies using the Boardwalktech products. These deals came via leveraging partnerships with existing customers that have access to these large clients, meaning we can execute direct licenses without long and expensive sales cycles or extra hiring needs if we had to prospect clients alone. We see the financial services channel as a very significant business opportunity for the Company, as our low code digital ledger platform addresses many of the compliance issues that these institutions are facing. We are currently in discussions with other global financial institutions and view this new banking channel as an area of significant growth for the Company. The growing prevalence of ESG compliance (Environment, Sustainability and Governance) as a related and broader market trend is another derivative opportunity for our solutions as well, to address risk management while enabling better business decision effectiveness."
Boardwalktech will be hosting its inaugural earnings conference call today (June 29, 2022) at 10AM PST/1PM EST.
Conference Call Details:
Wednesday, June 29, 2022 – 10AM PST / 1PM EST
Webcast: https://edge.media-server.com/mmc/p/5pofu739
US/CANADA Toll-Free Dial-In Number: (844) 838-0772
US/CANADA International Dial-In Number: (213) 320-2559
About Boardwalktech Software Corp.
Boardwalktech has developed a patented Digital Ledger Technology Platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech's digital ledger technology and its unique method of managing vast amounts of structured and unstructured data is the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data. Boardwalktech can deliver collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital ledger technology-based platforms. Boardwalktech is headquartered in Cupertino, California with offices in India and operations in North America. For more information on Boardwalktech, visit our website at www.boardwalktech.com
For more information on the benefits of \Velocity, please visit: www.boardwalktech.com/products/velocity
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved".
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements.
An investment in securities of the Company is speculative and subject to several risks including, without limitation, the risks discussed under the heading "Risk Factors" in the Company's filing statement dated May 30, 2018. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
Neither 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.
Contacts:
Charlie Glavin, CFA
Boardwalktech, Inc.
650-618-6163
charlie.glavin@boardwalktech.com
Harbor Access
Graham.Farrell@harbor-access.com
(416) 842-9003
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SOURCE BoardwalkTech | https://www.wibw.com/prnewswire/2022/06/29/boardwalktech-reports-fourth-quarter-fiscal-2022-financial-results/ | 2022-06-29T12:00:41Z |
IRVINE, Calif., June 15, 2022 /PRNewswire/ -- There is nothing better than a fresh, colorful salad on a hot summer day, which is why California-based restaurant company, The Habit Burger Grill, just added a Chargrilled Peach Salad to the menu! Available starting today, this limited time offer is the ideal meal to dive into all summer long.
"This salad is our best summer dish yet – peaches are the ultimate summer fruit and this salad brings our guests that mix of crisp and bright flavors they crave on a hot summer day," said Adam Baird, Vice President of Food and Beverage at The Habit Burger Grill. "Both the peaches and chicken are chargrilled to perfection over our signature open flame. The natural sugars in the peaches provide that perfect caramelization, bringing out the sweet flavor of the fruit in this new delicious salad."
True to The Habit's creative culinary culture, the Chargrilled Peach Salad features sweet peaches and marinated chicken both chargrilled over an open flame, mixed with flavorful ingredients like pickled red onions, Parmesan cheese and a citrus Dijon dressing.
The Habit Burger Grill is California's best-kept secret, named in Thrillist's list of "Underrated Burger Chains that Need to be in Every State!" Guests at The Habit Burger Grill can always count on freshly-made, handcrafted quality, served up with genuine hospitality. By continually pushing innovation across their new menu items, these latest additions are what make The Habit a habit.
Connect with The Habit Burger Grill on social media at facebook.com/habitburgergrill, instagram.com/habitburgergrill, twitter.com/habitburger, tiktok.com/@habitburgergrill, and youtube.com/HabitTube. Grab your next chargrilled favorite online or on The Habit Mobile App for curbside pick-up or delivery.
About The Habit Restaurants, Inc.
Born in Santa Barbara, California in 1969, The Habit Burger Grill is a burger-centric, fast-casual restaurant concept that specializes in preparing fresh, cooked-to-order chargrilled burgers and handcrafted sandwiches featuring grilled tenderloin steak, grilled chicken and sushi-grade ahi tuna cooked over an open flame. In addition, it features fresh handcrafted salads and an appealing selection of sides and shakes. The Habit Burger Grill was named the "best tasting burger in America" in July 2014 in a comprehensive survey conducted by one of America's leading consumer magazines, named in Thrillist's list of "Underrated Burger Chains that Need to be in Every State!" and featured in Newsweek's "America's Favorite Restaurant Chains 2022." The Habit Burger Grill has since grown to over 330 restaurants in 14 states throughout Arizona, California, Florida, Idaho, Maryland, Massachusetts, Nevada, New Jersey, North Carolina, Pennsylvania, South Carolina, Utah, Virginia and Washington as well as 13 international locations, seven in China and six in Cambodia. More information is available at www.habitburger.com.
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SOURCE The Habit Burger Grill | https://www.mysuncoast.com/prnewswire/2022/06/15/habit-burger-grill-debuts-refreshing-new-chargrilled-peach-salad-just-time-summer/ | 2022-06-15T16:51:43Z |
Vectrus Reminds Shareholders to Vote "FOR" All Merger-Related Proposals
Special Meeting of Shareholders to be held on June 15, 2022
COLORADO SPRINGS, Colo., June 8, 2022 /PRNewswire/ -- Vectrus, Inc. (NYSE: VEC) today announced that leading independent proxy advisory firms Institutional Shareholder Services, Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis"), recommended that Vectrus shareholders vote "FOR" all proposals to be considered and voted on at Vectrus's Special Meeting of Shareholders (the "Special Meeting") in connection with the previously announced combination with Vertex (the "Transaction"). The Special Meeting is scheduled to be held on June 15, 2022 at 1:00 p.m. ET.
In their reports dated June 3, 2022, and June 8, 2022, respectively, ISS and Glass Lewis noted1:
- "The strategic rationale of the proposed transaction is sound, as the combined company will have increased scale and geographic, client, and contract diversity." (ISS)
- "The merger is expected to generate cost synergies, be accretive to earnings and free cash flow, and to provide meaningful projected tax benefits for the combined company." (ISS)
- "The deal would bring together two defense service providers, resulting in the creation of a larger firm that should be able to better compete for more integrated business opportunities." (Glass Lewis)
- "The combined company is also expected to have a more diversified revenue base across geographies, clients and contract types in supporting missions for the U.S. Department of Defense and other governmental agencies." (Glass Lewis)
"We are very pleased that both ISS and Glass Lewis support our recommendation that shareholders vote 'FOR' the merger with Vertex," said Chuck Prow, Chief Executive Officer of Vectrus. "The entire Vectrus Board and management team remain confident that the proposed combination is in the best interest of the Company and all its shareholders, and will enable us to broaden our portfolio of solutions and technologies to provide full life-cycle support across the converged environment. With increased scale and meaningful synergies, the combined company will be more competitive in the national security environment while enhancing the delivery of services to our federal clients. We look forward to the completion of this combination and urge Vectrus shareholders to follow the recommendations of ISS and Glass Lewis and vote 'FOR' all transaction-related proposals today."
As previously announced, under the terms of the definitive merger agreement, Vertex shareholders will own approximately 62% of the combined company on a fully diluted basis, while Vectrus shareholders will own approximately 38%. The merger is expected to close in the third quarter of 2022, subject to satisfaction of customary closing conditions, including receipt of regulatory approvals and Vectrus shareholder approval.
The Vectrus Board of Directors recommends that Vectrus shareholders vote "FOR" each of the proposals related to the transaction by completing and returning their proxy card, or by submitting their proxy by telephone or over the Internet.
Vectrus shareholders are advised that if they have any questions or need assistance in voting their shares, they should contact Vectrus's proxy solicitor, Okapi Partners, by calling toll-free at (888) 785-6673.
For more than 70 years, Vectrus has provided critical mission support for our customers' toughest operational challenges. As a high-performing organization with exceptional talent, deep domain knowledge, a history of long-term customer relationships, and groundbreaking technical expertise, we deliver innovative, mission-matched solutions for our military and government customers worldwide. Whether it's base operations support, supply chain and logistics, IT mission support, engineering and digital integration, security, or maintenance, repair, and overhaul, our customers count on us for on-target solutions that increase efficiency, reduce costs, improve readiness, and strengthen national security. Vectrus is headquartered in Colorado Springs, Colo., and includes about 8,100 employees spanning 205 locations in 28 countries. In 2021, Vectrus generated sales of approximately $1.8 billion. For more information, visit the company's website at www.vectrus.com or connect with Vectrus on Facebook, Twitter, and LinkedIn.
Certain material presented in this press release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Act. These forward-looking statements include, but are not limited to, Vectrus may be unable to obtain shareholder approval as required for the Transaction; conditions to the closing of the Transaction may not be satisfied; the possibility that anticipated benefits of the Transaction may not be realized or may take longer to realize than expected; the possibility that costs related to Vectrus's integration of Vertex's operations may be greater than expected and/or that revenues following the Transaction may be lower than expected; Vectrus's business may suffer as a result of uncertainty surrounding the Transaction and disruption of management's attention due to the Transaction; the outcome of any legal proceedings that are related to the Transaction; Vectrus may be adversely affected by other economic, business, and/or competitive factors; the risk that Vectrus may be unable to obtain governmental and regulatory approvals required for the Transaction, or that required governmental and regulatory approvals may delay the Transaction or result in the imposition of conditions that could reduce the anticipated benefits from the Transaction or cause the parties to abandon the Transaction; the impact of legislative, regulatory, competitive and technological changes; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; the effect of the Transaction on the ability of Vectrus to retain and maintain relationships with both Vectrus's and Vertex's customers, including the U.S. Government; other risks to the consummation of the mergers, including the risk that the mergers will not be consummated within the expected time period or at all; responses from customers and competitors to the Transaction; the risk that the integration of Vertex may distract management from other important matters; results from the Transaction may be different than those anticipated; statements about Vectrus's 2022 performance outlook, five-year growth plan, revenue, DSO, contract opportunities, the impacts of COVID-19, and any discussion of future operating or financial performance.
Whenever used, words such as "may," "are considering," "will," "likely," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "target," "could," "potential," "continue," "goal" or similar terminology are forward-looking statements. These statements are based on the beliefs and assumptions of our management based on information currently available to management.
These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside our management's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. For a discussion of some of the risks and important factors that could cause actual results to differ from such forward-looking statements, see the risks and other factors detailed from time to time in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the U.S. Securities and Exchange Commission.
Vectrus undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Additional Information and Where to Find It
In connection with the Transaction, Vectrus has filed with the SEC and mailed or otherwise provided to its shareholders a proxy statement/prospectus regarding the Transaction. BEFORE MAKING ANY VOTING DECISION, VECTRUS'S SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS IN ITS ENTIRETY AND ANY OTHER DOCUMENTS FILED BY VECTRUS WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION OR INCORPORATED BY REFERENCE THEREIN BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES TO THE PROPOSED TRANSACTION. Investors and shareholders may obtain a free copy of the proxy and other documents containing important information about Vectrus and Vertex through the website maintained by the SEC at www.sec.gov. Vectrus makes available free of charge at www.vectrus.com (in the "Investors" section), copies of materials it files with, or furnishes to, the SEC.
Participants in Solicitation
Vectrus, its directors and certain of its respective executive officers may be considered participants in the solicitation of proxies in connection with the Transaction. Information about the directors and executive officers of Vectrus is set forth in Vectrus's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which was filed with the SEC on March 7, 2022, and its definitive proxy statement for the 2021 annual meeting of shareholders, which was filed with the SEC on March 23, 2021, certain of its Quarterly Reports on Form 10-Q and certain of its Current Reports filed on Form 8-K. To the extent the holdings of securities of Vectrus by Vectrus's directors and executive officers have changed since the amounts set forth in Vectrus's proxy statement for its 2021 annual meeting of shareholders, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the interests of such individuals in the Transaction is included in the proxy statement/prospectus relating to the Transaction, which was filed with the SEC on May 9, 2022. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, may be obtained by reading the definitive proxy statement regarding the acquisition described above.
1 Permission to use quotations neither sought nor obtained.
Contact Information
Company:
Mike Smith, CFA
michael.smith@vectrus.com
(719) 637-5773
Or
Jim Golden / Scott Bisang / Tim Ragones
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Investors:
Chuck Garske / Mark Harnett / Lisa Patel
Okapi Partners
(212) 297-0720
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SOURCE Vectrus, Inc. | https://www.wibw.com/prnewswire/2022/06/08/independent-proxy-advisory-firms-iss-glass-lewis-recommend-vectrus-shareholders-vote-all-proposals-regarding-combination-with-vertex/ | 2022-06-08T20:45:53Z |
Highlights:
- Bellberry human research ethics committee approved the phase 1 clinical trial investigating safety and pharmacokinetics of IHL-675A on July 20, 2022
- The trial will be performed at CMAX Clinical Research, a dedicated and experienced clinical trial centre in Australia, and managed by Avance Clinical
- The trial will assess the pharmacokinetics, safety, and tolerability of combination cannabinoid drug IHL-675A
- Trial data will be applicable to regulatory submissions for all three IHL-675A development programs, rheumatoid arthritis, inflammatory bowel disease and lung inflammation
- Formulation and manufacturing of IHL-675A soft gel capsules for the clinical trial has been completed; long term stability studies are ongoing
- Patient recruitment is scheduled to commence in August 2022
MELBOURNE, Australia, July 21, 2022 /PRNewswire/ -- Incannex Healthcare Limited (Nasdaq: IXHL) (ASX: IHL), ('Incannex' or the 'Company') a clinical-stage pharmaceutical company developing unique medicinal cannabinoid pharmaceutical products and psychedelic medicine therapies for unmet medical needs, is pleased to announce that it has received approval from the Bellberry Human Research Ethics Committee ('HREC') for a phase 1 clinical trial investigating its proprietary multi-use, anti-inflammatory drug IHL-675A.
IHL-675A is a combination cannabinoid drug comprising cannabidiol ('CBD') and hydroxychloroquine ('HCQ') in a fixed dose combination. IHL-675A was observed to outperform either CBD and HCQ in various pre-clinical models of inflammation, including in vivo models of rheumatoid arthritis, inflammatory bowel disease and lung inflammation. Synergistic anti-inflammatory activity of CBD and HCQ was observed in these distinct pre-clinical studies and was evidence to support the Company's international patent application over the drug.
CEO and Managing Director, Mr Joel Latham said; "Approval to begin our Australian phase 1 trial is a significant milestone for Incannex and clinicians treating patients with disorders for which inflammation is the underlying cause. There's a growing trend whereby patients are using CBD to treat, or supplement their existing treatments, for inflammation disorders. We have observed in established models of inflammation that IHL-675A is a stronger anti-inflammatory cannabinoid-based drug than CBD administered alone, hence we are delighted and excited to take IHL-675A to the clinic for the first time".
The trial will measure the safety, tolerability, and pharmacokinetic profiles of IHL-675A compared to the reference listed drugs, Epidiolex (CBD) and Plaquenil (HCQ). Three cohorts of 12 participants (n = 36) will receive either IHL-675A, CBD or HCQ and the assessments will be identical across the three arms of the trial.
Chief Scientific Officer of Incannex Healthcare, Dr Mark Bleackley said; "The aims of the trial are to demonstrate that there are no, or minimal, additional side effects associated with the combination of CBD and HCQ compared to each drug alone and that the uptake and metabolism, otherwise known as pharmacokinetics, of the two drugs do not materially interfere with one another".
Subject to clinical success, the results of the phase 1 clinical trial will form part of three U.S. Food and Drug Administration ('FDA') investigational new drug ('IND') applications for each of the initial three indications the Company is pursuing for IHL-675A. These indications are rheumatoid arthritis, inflammatory bowel disease and lung inflammation, representing major markets for Incannex to pursue with IHL-675A. Once the IND applications are evaluated and approved, the Company intends to conduct clinical trials partly or wholly in the United States.
The trial will be conducted at CMAX Clinical Research in Adelaide, South Australia, and managed by Avance Clinical. Patient recruitment is anticipated to commence in August 2022.
IHL-675A Formulation and Manufacturing of Clinical Trial Supply Completed
Incannex is also pleased to announce that formulation development of IHL-675A has been completed and the first batch of product has been manufactured.
The formulation development process included multiple experiments conducted to determine the ideal excipients to use in formulation of IHL-675A. Other assessments included the characterization of the dissolution of both active pharmaceutical ingredients (CBD and HCQ) from the IHL-675A gel capsule and ensuring that the dissolution profile was consistent with the reference listed drugs.
Data from the characterization of the IHL-675A gel capsules, the quality assessment and early timepoints in the stability analysis were a critical component of the HREC submission package. These results, along with data from the ongoing stability studies are essential to support future regulatory submissions, including IND and new drug applications with the FDA and corresponding applications with other regulatory agencies. Stability studies to establish the shelf life of the IHL-675A gel capsule product are also underway.
The manufacturing facilities at Incannex's formulation partner have been inspected and approved for good manufacturing practices (GMP) by multiple regulatory agencies including FDA, TGA, Health Canada and MHRA. Production of IHL-675A soft gel capsules can quickly ramp up to commercial quantities when required.
About IHL-675A
IHL-675A comprises a combination of HCQ and CBD. HCQ is a disease modifying anti-rheumatic drug that regulates the activity of the immune system, which may be overactive in some conditions. HCQ can modify the underlying disease process, rather than simply treating the symptoms. Incannex has demonstrated that IHL-675A components, CBD and HCQ, act synergistically to inhibit production of key inflammatory cytokines in an in vitro study of human cells and in four distinct successful in vivo experiments using established models of inflammation.
Incannex has evaluated the results of these experiments and believe IHL-675A to be a multi-use drug candidate suitable for the prevention and treatment of inflammation, with an initial focus on inflammatory lung conditions (acute respiratory distress syndrome, COPD, asthma, and bronchitis), rheumatoid arthritis, and inflammatory bowel disease.
The treatment of these indications has a combined global annual market size of exceeding US$125B per annum1. IHL has completed a pre-IND meeting with the FDA to discuss the regulatory pathway for the development of IHL-675A in the United States and plan to open INDs for each of the three indications. FDA agreed that marketing applications for IHL-675A should be 505(b)(2) applications due to the existence of certain safety and efficacy information on the active ingredients of IHL-675A originating from historical studies that we are entitled to use in a new drug application.
This announcement has been approved for release to ASX by the Incannex board of directors.
About Incannex Healthcare Limited
Incannex is a clinical stage pharmaceutical development company that is developing unique medicinal cannabis pharmaceutical products and psychedelic medicine therapies for the treatment of anxiety disorders, obstructive sleep apnoea (OSA), traumatic brain injury (TBI)/concussion, lung inflammation (ARDS, COPD, asthma, bronchitis), rheumatoid arthritis and inflammatory bowel disease. U.S. FDA approval and registration, subject to ongoing clinical success, is being pursued for each drug and therapy under development. Each indication represents major global markets and currently have no, or limited, existing registered pharmacotherapy (drug) treatments available to the public.
Incannex has a strong patent filing strategy in place as it develops its products and therapies in conjunction with its medical and scientific advisory board and partners. Incannex is listed on the Australian Stock Exchange (ASX) with stock code "IHL" and also has American Depository Shares listed on NASDAQ under code "IXHL".
Website: www.incannex.com.au
Investors: investors@incannex.com.au
Forward-looking statements
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations and estimates, as well as the beliefs and assumptions of management. The forward-looking statements included in this press release represent Incannex's views as of the date of this press release. Incannex anticipates that subsequent events and developments may cause its views to change. Incannex undertakes no intention or obligation to update or revise any forward-looking statements, whether as of a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing Incannex's views as of any date after the date of this press release.
Contact Information
Incannex Healthcare Limited
Mr Joel Latham
Managing Director and Chief Executive Officer
+61 409 840 786
joel@incannex.com.au
US IR Contact
Rx Communications Group
Michael Miller
+1-917-633-6086
mmiller@rxir.com
1 https://www.alliedmarketresearch.com/asthma-COPD-drug-market
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SOURCE Incannex Healthcare Limited | https://www.mysuncoast.com/prnewswire/2022/07/21/incannex-receives-ethics-approval-commence-phase-1-clinical-trial-multi-use-anti-inflammatory-drug-ihl-675a/ | 2022-07-21T12:43:53Z |
Achieved High-End of Guidance
Continued Growth in ARPD, Dealer Customers and Revenue
CHICAGO, Aug. 3, 2022 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), the leading digital automotive platform that provides a robust set of digital solutions, today released its financial results for the second quarter ended June 30, 2022.
Q2 2022 Financial and Key Metric Highlights
- Revenue of $162.9 million, up $7.3 million, or 5% year-over-year
- Net income of $5.5 million, or $0.08 per diluted share, compared to Net income of $6.0 million, or $0.08 per diluted share, in the prior year
- Adjusted EBITDA of $45.3 million, or 28% of revenue, down $3.2 million, year-over-year
- Average Monthly Unique Visitors ("UVs") of 27.1 million, up 3% year-over-year
- Traffic ("Visits") of 148.0 million, down 7% year-over-year
- Monthly Average Revenue Per Dealer ("ARPD") of $2,326, up 1% from $2,299 in the prior year period
- Dealer Customers[1] of 19,517 as of June 30, 2022, 17 higher compared to 19,500 as of March 31, 2022, and up 672, or 4%, compared to June 30, 2021
Operational Highlights
- Dealer Inspire was named by Subaru as a Certified Website and Technology Platform Provider for its 570+ U.S. retailers, helping them increase sales and efficiency through a platform of industry-leading technology solutions
- Accu-Trade continues to gain momentum as dealers adopt digital vehicle appraisal and acquisition solutions
- Instant Offer is now available on Cars.com, connecting shoppers with the Company's nearly 20,000 dealers, enabling consumers to sell their cars quickly and efficiently
- The Company continued to bolster its editorial content with the annual publication of its 2022 American Made Index, which showcases the most American-made vehicles, that announced Tesla as the winner for the second year in a row, driving more than 500 media stories
"Momentum continued into the second quarter, as we delivered revenue and ARPD growth and robust sequential margin expansion. Our newest integrations are enabling consumers and dealers to connect and facilitate faster sales leveraging technology to speed transactions," said Alex Vetter, Chief Executive Officer of CARS. "We are well-positioned to further our growth in the second half of 2022 and beyond, reflective of our reliable marketplace platform, dealer friendly solutions and the growing opportunity from our recent acquisitions that further expand our end-to-end capabilities."
Q2 2022 Results
Revenue for the second quarter totaled $162.9 million, an increase of $7.3 million, or 5%, compared to the prior year period. Dealer revenue grew 5% year-over-year, driven by 4% growth in Dealer Customers and 1% growth in ARPD, primarily related to continued penetration of the Company's digital solutions. As anticipated, solid growth in Dealer and Other revenue was offset by a 13% year-over-year decrease in OEM and national revenue, reflecting delayed production by OEMs and lower advertising investments.
Total operating expenses for the second quarter were $147.5 million, compared to $139.9 million for the prior year period. Adjusted Operating Expenses for the quarter were $138.9 million, a $6.5 million increase compared to the prior year period driven by increased Product and technology expenses, primarily due to higher compensation and consulting costs related to the Accu-Trade and CreditIQ acquisitions, and increased Marketing and sales investments to help drive traffic generation, partially offset by a decrease in Depreciation and amortization.
Net income for the quarter was $5.5 million, or $0.08 per diluted share, compared to Net income of $6.0 million, or $0.08 per diluted share, in the second quarter of 2021.
Adjusted EBITDA for the quarter totaled $45.3 million, or 28% of revenue, compared to $48.5 million, or 31% of revenue, for the prior year period.
For the quarter, we delivered 3% growth in Average Monthly Unique Visitors, compared to the prior year, while total Traffic was 7% lower compared to the second quarter of 2021. The decline in Traffic was primarily due to elevated traffic in the prior year period related to an increase in consumer confidence and heightened consumer demand from the federal economic stimulus program that ran during the prior year period.
As of June 30, 2022, Dealer Customers totaled 19,517, an increase of 672, or 4%, year-over-year, driven by sustained strong retention rates and new sales to Dealer Customers. Compared to the first quarter of 2022, Dealer Customers increased by 17, due to growth in traditional dealers and the inclusion of 180 Accu-Trade only dealers and cancellations related to a single digital dealer. Excluding these two items, Dealer Customers would have still grown during the quarter.
Second quarter ARPD was $2,326, up 1% year-over-year, driven by continued growth in digital solutions.
Cash Flow and Balance Sheet
Net cash provided by operating activities for the six-month period ended June 30, 2022 was $42.3 million, compared to $79.6 million in the prior year. Free Cash Flow in the first six months totaled $33.7 million compared to $66.5 million in the prior year. This decline was primarily due to a $9.1 million income tax refund received in the first quarter of 2021 related to the carryback of NOLs, as well as, the impact of unfavorable changes in working capital in the current year driven by the timing of vendor payments, in that the current year period reflected an additional cycle of vendor payments.
The Company made $5.0 million in debt payments during the first six months of 2022, thereby reducing total debt outstanding to $517.5 million as of June 30, 2022. Total net leverage at quarter end was 2.8x, compared to 2.4x as of June 30, 2021. Total liquidity was $203.1 million, including cash and cash equivalents of $18.1 million and $185.0 million revolver capacity, as of June 30, 2022.
The Company repurchased 1.7 million of its common shares for $18.3 million during the second quarter of 2022 and 2.1 million shares for $23.3 million during the six months ended June 30, 2022.
"We delivered another quarter of robust performance. The strength of our cash flow and balance sheet provided us the financial flexibility to return $23.3 million to shareholders through share repurchases during the first half of the year, and enables us to maintain modest leverage while investing in both organic and inorganic growth drivers," said Jandy Tomy, Interim Chief Financial Officer of CARS.
2022 Outlook
For the third quarter of 2022, the Company expects to deliver Revenue of approximately $163.5 million to $165.5 million, representing year-over-year and sequential growth. Guidance reflects strong first half 2022 performance balanced against the continuation of the impact of the macro-economic environment, including the industry-wide inventory shortages, rising inflation and interest rates.
Adjusted EBITDA margin for the third quarter is expected to be between 29% and 31%, reflecting sequential margin expansion and diligent expense management with a continued focus on investing in the integration and launch of our recently acquired dealer solutions, marketing and our people.
The Company expects revenue growth to accelerate and projects growth of 6% to 8% year-over-year in the second half of 2022, assuming inventory shortages do not begin to recover until 2023. This reflects a continued acceleration of revenue growth driven by the Company's execution of its solutions strategy.
Q2 2022 Earnings Call
As previously announced, management will hold a conference call and webcast today at 8:00 a.m. CT. This webcast may be accessed at investor.cars.com. A replay of the webcast will be available at this website following the conclusion of the call until August 17, 2022.
About CARS
CARS is the leading automotive marketplace platform that provides a robust set of digital solutions to connect car shoppers with sellers. Launched in 1998 with the flagship marketplace Cars.com and headquartered in Chicago, the Company empowers shoppers with the data, resources and digital tools needed to make informed buying decisions and seamlessly connect with automotive retailers and OEMs. In a rapidly changing market, CARS enables dealerships and OEMs with innovative technical solutions and data-driven intelligence to better reach and influence ready-to-buy shoppers, increase inventory turn and gain market share.
In addition to Cars.com, CARS brands include Dealer Inspire, a technology provider building solutions that future-proof dealerships with more efficient operations and connected digital experiences; FUEL, which gives dealers and OEMs the opportunity to harness the untapped power of digital video by leveraging Cars.com's pure audience of in-market car shoppers, DealerRater, a leading car dealer review and reputation management platform, automotive fintech platform CreditIQ, and Accu-Trade, a leading provider of vehicle acquisition technology and valuation data.
The full suite of CARS properties includes Cars.com™, Dealer Inspire®, FUEL™, DealerRater®, CreditIQ™, Accu-Trade™, Auto.com™, PickupTrucks.com™ and NewCars.com®. For more information, visit www.Cars.com.
Non-GAAP Financial Measures
This earnings release discusses Adjusted EBITDA, Adjusted EBITDA margin, Free Cash Flow and Adjusted Operating Expenses. These financial measures are not prepared in accordance with generally accepted accounting principles in the United States ("GAAP"). These financial measures are presented as supplemental measures of operating performance because the Company believes they provide meaningful information regarding the Company's performance and provide a basis to compare operating results between periods. In addition, the Company uses Adjusted EBITDA as a measure for determining incentive compensation targets. Adjusted EBITDA also is used as a performance measure under the Company's credit agreement and includes adjustments such as the items defined below and other further adjustments, which are defined in the credit agreement. These non-GAAP financial measures are frequently used by the Company's lenders, securities analysts, investors and other interested parties to evaluate companies in the Company's industry. For a reconciliation of the non-GAAP measures presented in this earnings release to their most directly comparable financial measure prepared in accordance with GAAP, see "Non-GAAP Reconciliations" below.
Other companies may define or calculate these measures differently, limiting their usefulness as comparative measures. Because of these limitations, non-GAAP financial measures should not be considered in isolation or as substitutes for performance measures calculated in accordance with GAAP. Definitions of these non-GAAP financial measures and reconciliations to the most directly comparable GAAP financial measures are presented in the tables below.
The Company defines Adjusted EBITDA as net income (loss) before (1) interest expense, net, (2) income tax (benefit) expense, (3) depreciation, (4) amortization of intangible assets, (5) stock-based compensation expense, (6) unrealized mark-to-market adjustments and cash transactions related to derivative instruments, and (7) certain other items, such as transaction-related items, severance, transformation and other exit costs and write-off and impairments of goodwill, intangible assets and other long-lived assets.
Transaction-related items result from actual or potential transactions such as business combinations, mergers, acquisitions, dispositions, spin-offs, financing transactions, and other strategic transactions, including, without limitation, (1) transaction-related bonuses and (2) expenses for advisors and representatives such as investment bankers, consultants, attorneys and accounting firms. Transaction-related items may also include, without limitation, transition and integration costs such as retention bonuses and acquisition-related milestone payments to acquired employees, consulting, compensation and other incremental costs associated with integration projects, and amortization of deferred revenue related to the Accu-Trade acquisition.
The Company defines Free Cash Flow as net cash provided by operating activities less capital expenditures, including purchases of property and equipment and capitalization of internal-use software and website development costs.
The Company defines Adjusted Operating Expenses as total operating expenses adjusted to exclude stock-based compensation, write-off and impairments of goodwill, intangible assets, long-lived assets, severance, transformation and other exit costs and transaction-related items.
Key Metric Definitions
Traffic ("Visits"). Traffic is fundamental to the Company's business. Traffic to the CARS network of websites and mobile apps provides value to the Company's advertisers in terms of audience, awareness, consideration and conversion. In addition to tracking traffic volume and sources, the Company monitors activity on its properties, allowing the Company to innovate and refine its consumer-facing offerings. Traffic is defined as the number of visits to CARS desktop and mobile properties (responsive sites and mobile apps), measured using Adobe Analytics. Traffic does not include traffic to Dealer Inspire websites. Traffic provides an indication of the Company's consumer reach. Although the Company's consumer reach does not directly result in revenue, the Company believes its ability to reach in-market car shoppers is attractive to its dealer customers and national advertisers.
Average Monthly Unique Visitors ("UVs"). Growth in unique visitors and consumer traffic to the Company's network of websites and mobile apps increases the number of impressions, clicks, leads and other events it can monetize to generate revenue. The Company defines UVs in a given month as the number of distinct visitors that engage with its platform during that month. Visitors are identified when a user first visits an individual CARS property on an individual device/browser combination or installs one of its mobile apps on an individual device. If a visitor accesses more than one of the Company's web properties or apps or uses more than one device or browser, each of those unique property/browser/app/device combinations counts toward the number of UVs. UVs do not include Dealer Inspire UVs. The Company measures UVs using Adobe Analytics.
Average Revenue Per Dealer ("ARPD"). The Company believes that its ability to grow ARPD is an indicator of the value proposition of its platform. The Company defines ARPD as Dealer revenue, excluding digital advertising services, during the period divided by the monthly average number of Dealer Customers during the same period. For the three months ended June 30, 2022, Accu-Trade is included in our ARPD metric, which had an immaterial impact on ARPD; however, no prior period has been recast as it would be impracticable to do so.
Dealer Customers. Dealer Customers represent dealerships using the Company's products as of the end of each reporting period. Each physical or virtual dealership location is counted separately, whether it is a single-location proprietorship or part of a large, consolidated dealer group. Multi-franchise dealerships at a single location are counted as one dealer. As of June 30, 2022, this key operating metric includes Accu-Trade; however, no prior period has been recast as it would be impracticable to do so.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the federal securities laws. All statements other than statements of historical facts are forward-looking statements. Forward-looking statements include information concerning the Company's industry, Dealer Customers, results of operations, business strategies, plans and objectives, market potential, outlook, trends, future financial performance, planned operational and product improvements, potential strategic transactions, recent acquisitions, such as CreditIQ and Accu-Trade, liquidity, including draws from the Company's revolving credit facility, expense management and other matters and involve known and unknown risks that are difficult to predict. These statements often include words such as "believe," "expect," "project," "anticipate," "outlook," "intend," "strategy," "plan," "estimate," "target," "seek," "will," "may," "would," "should," "could," "forecasts," "mission," "strive," "more," "goal" or similar expressions. As a result, the Company's actual financial results, performance, achievements, strategic actions or prospects may differ materially from those expressed or implied by these forward-looking statements. Forward-looking statements are based on the Company's current expectations, beliefs, strategies, estimates, projections and assumptions, based on its experience in the industry as well as the Company's perceptions of historical trends, current conditions, expected future developments, current developments regarding the COVID-19 pandemic and other factors the Company thinks are appropriate. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by the Company and its management based on their knowledge and understanding of the business and industry, are inherently uncertain. These statements are expressed in good faith and the Company believes these judgments are reasonable. However, you should understand that these statements are not guarantees of strategic action, performance or results. The Company's actual results and strategic actions could differ materially from those expressed in the forward-looking statements. Given these uncertainties, forward-looking statements should not be relied on in making investment decisions. Comparisons of results between current and prior periods are not intended to express any future trends, or indications of future performance, unless expressed as such, and should only be viewed as historical data. Whether or not any such forward-looking statement is in fact achieved will depend on future events, some of which are beyond the Company's control.
Forward-looking statements are subject to a number of risks, uncertainties and other important factors, many of which are beyond the Company's control, that could cause its actual results and strategic actions to differ materially from those expressed in the forward-looking statements contained in this press release. For a detailed discussion of many of these and other risks and uncertainties, see the Company's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, its Current Reports on Form 8-K and its other filings with the Securities and Exchange Commission, available on the Company's website at investor.cars.com or via EDGAR at www.sec.gov. All forward-looking statements contained in this press release are qualified by these cautionary statements. You should evaluate all forward-looking statements made in this press release in the context of these risks and uncertainties. The forward-looking statements contained in this press release are based only on information currently available to the Company and speak only as of the date of this press release. The Company undertakes no obligation, other than as may be required by law, to update or revise any forward-looking or cautionary statements to reflect changes in assumptions, the occurrence of events, unanticipated or otherwise, or changes in future operating results over time or otherwise.
The forward-looking statements in this report are intended to be subject to the safe harbor protection provided by the federal securities laws.
CARS Investor Relations Contact:
Robbin Moore-Randolph
rmr@cars.com
312.601.5929
CARS Media Contact:
Marita Thomas
mthomas@cars.com
312.601.5692
1 As of June 30, 2022, this key metric includes Accu-Trade; however, no prior period has been recast as it would be impracticable to do so. For the second quarter 2022, this metric includes 180 Accu-Trade only customers.
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SOURCE Cars.com Inc. | https://www.mysuncoast.com/prnewswire/2022/08/03/cars-reports-second-quarter-2022-results/ | 2022-08-03T13:10:27Z |
(The Hill) — Uber received 3,824 sexual assault reports from its U.S. rides in 2019-20, a decline of 38 percent from the previous two years, according to a safety report the company released Thursday.
The company said the decline could be in part related to the impacts of the pandemic, citing a drop from 2.3 billion rides in 2017-18 to 2.1 billion rides in 2019-20, but also hailed its recent safety investments and strengthened background check requirements.
“We’re constantly innovating and investing in the safety of our platform,” the company said in the report. “We’ve prioritized robust screening processes and technology, built new safety features and invested in providing riders and drivers with support in times of need.”
Uber said riders were the accused party in 43 percent of sexual assault reports in 2019-20, which it noted was on par with previous years.
The report further broke down five categories of sexual assault, saying a majority of the reports involved non-consensual touching of a sexual body part.
Instances of each of the five offense types, which range from non-consensual kissing of a non-sexual body part to non-consensual sexual penetration, all declined from 2017-18.
But even with dampening demand for Uber rides during the pandemic, the company reported 141 instances of non-consensual sexual penetration, or rape, in 2020. Uber said rape was reported for roughly 1 in every 5 million Uber rides.
“Each reported incident represents a harrowing lived experience for the survivor,” the company said. “Even one report is one report too many.”
Meanwhile, the number of motor vehicle fatalities during U.S. Uber rides increased in its most recent report. Uber reported 0.62 fatalities for every 100 million miles driven in 2019-20, about a 7 percent increase from its previous report but only about half the national average.
The company attributed the rise to “drastic changes” in the driving environment, noting a simultaneous increase in driving fatalities nationwide.
The National Highway Transportation Safety Administration attributed the nationwide jump in driving fatalities in large part to alcohol impairment, people not wearing seatbelts and speeding. The agency also detailed changes in driving patterns when people remained home during the pandemic. | https://cw33.com/news/nexstar-media-wire/uber-report-details-thousands-of-sexual-assault-claims-on-platform/ | 2022-07-01T03:31:44Z |
Overton gets 1st win, Reds beat Pirates 4-0 for 1st shutout
By ALAN SAUNDERS
Associated Press
PITTSBURGH (AP) — Connor Overton got his first major league win and combined with two relievers on a four-hitter for the Cincinnati Reds’ first shutout of the season, a 4-0 win over the Pittsburgh Pirates. Overton allowed three hits and four walks in 6 1/3 innings with one strikeout. The 28-year-old right-hander got nine outs on ground balls. Luis Cessa got five straight outs, and Art Warren finished. Cincinnati has the worst record in the major leagues at 8-24; the Reds are 3-1 against Pirates and 5-23 against other teams. | https://localnews8.com/sports/ap-national-sports/2022/05/12/overton-gets-1st-win-reds-beat-pirates-4-0-for-1st-shutout/ | 2022-05-13T03:50:42Z |
Leading lawsuit funding company reports more roadway accidents during summer season
JERSEY CITY, N.J., Aug. 4, 2022 /PRNewswire/ -- Legal-Bay, the Pre-Settlement Funding Company, announced an uptick in motor vehicle accidents now that the summer season is well underway. With kids out of school, people are taking advantage of the warm weather to hit the road for their family vacations. Plus, now that Covid restrictions have been reduced, there's been more opportunity to get out into the world again. Unfortunately, however, more cars on the road leads to more car, truck, and bus accidents, prompting an influx of new accident filings.
Plaintiffs in motor vehicle cases are seeking compensation for harm done to their automobiles, and in some cases, their bodies. Legal-Bay stands ready to provide settlement loans to plaintiffs who need cash now.
If you have an existing motor vehicle lawsuit and need an immediate cash advance against an impending settlement, please visit Legal-Bay HERE or call toll-free 877.571.0405.
Chris Janish, CEO of Legal-Bay, says, "Our underwriters have been busy reviewing the elevated number of applications we've received in recent months. Summer usually brings about an uptick in motor vehicle claims, and Legal-Bay stands ready to approve funding for every single one of our clients in need. In the meantime, Legal-Bay cautions drivers to be safe out there."
Legal-Bay remains vigilant in assisting clients with their motor vehicle claims. Their turnaround is among the fastest in the industry, and plaintiffs can usually expect cash-in-hand in as little as 24-48 hours. Additionally, Legal-Bay funds all types of loans for lawsuits including personal injury, dog bites, slips and falls, construction accidents, medical malpractice, judgment on appeal, commercial litigation, contract dispute, and more.
Legal-Bay's pre-settlement funding programs are designed to provide immediate cash in advance of a plaintiff's anticipated monetary award. The non-recourse law suit "loans" —sometimes referred to as loans for lawsuit or loans on settlement—are risk-free, as the money doesn't need to be repaid should the recipient lose their case. Therefore, the lawsuit loan isn't really a loan, but rather a cash advance.
To apply right now for a loan on lawsuit program, please visit the company's website HERE or call toll-free at: 877.571.0405 where agents are standing by to answer any questions you may have.
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SOURCE Legal-Bay, LLC | https://www.wibw.com/prnewswire/2022/08/04/legal-bay-pre-settlement-funding-company-reports-rise-motor-vehicle-accident-claims/ | 2022-08-04T11:48:14Z |
ASHEVILLE, N.C., May 23, 2022 /PRNewswire/ -- Quility, an award-winning digital platform offering affordable life insurance and customized financial planning solutions, announces the addition of three key employees: Danielle Conklin, Chase Allen and Shawn Lyons.
Danielle Conklin joins Quility as Senior Vice President of Data Products. Previously, she was in the role of Vice President, Portfolio Owner of the Chief Data Office at Prudential. "I've decided to join Quility because of the company's opportunities, people, culture and commitment to giving back," states Conklin. "Quility is in a unique position to expand and compete in the marketplace and I'm excited to shape and build our assets from the ground up."
Chase Allen joins Quility as Senior Vice President of Affinity Partnerships. Previously, he was Vice President of Institutional Distribution at Highland Capital Brokerage. "There's an incredible energy and excitement you can feel working with Quility," says Allen. "I was impressed with everyone I met throughout the interview process which made accepting this position with the company an easy decision." Allen is responsible for building and growing the relatively new Affinity Partnerships division which focuses on non-traditional distribution of Quility and Quility carrier products.
Shawn Lyons joins Quility as Vice President of Client Engagement. Previously he was a Partner of Combined Benefits United. Lyons states, "I chose Quility because the leadership and culture is unlike anything I have experienced in my 22 years in this industry." Lyons' passion is being of service; he looks forward to helping agents reach their highest potential and helping clients take care of their families.
"To achieve Quility's strategy," says Chief Strategy Officer, Mark Palmer, "we are together tackling the most vexing challenges and pursuing the largest opportunities in insurance, including affinity partnerships, client engagement and outreach, and advanced data science. With Chase, Shawn and Danielle, we are delivering on our promise to bring the best, brightest and most dedicated people to help us achieve our goals. Our company is about people, and we are proud to have these talented members join our team."
About Quility:
Quility uses innovative and proprietary technology to modernize the process of qualifying for and purchasing life insurance. The Quility digital platform offers clients the option to apply for life insurance online through a ten-minute application or with the support of a licensed insurance agent. To learn more, visit quility.com.
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SOURCE Quility | https://www.mysuncoast.com/prnewswire/2022/05/23/quility-hires-three-key-employees-signaling-companys-substantial-growth-within-insurtech-industry/ | 2022-05-23T15:33:02Z |
STAMFORD, Conn., June 13, 2022 /PRNewswire/ -- Castleton Commodities International LLC (CCI) announced today it has closed a $2.2 billion borrowing base facility consisting of a $1 billion 1.5-year tranche and a $1.2 billion 2-year tranche. The facility also includes a $1 billion accordion, which remains available to support future liquidity needs and growth. A diverse group of 17 banks from eight countries participated in the facility.
"We are extremely pleased with the successful renewal of our multi-currency global borrowing base facility," said CCI's Chief Financial Officer Rick Dolcetti. "The facility was once again oversubscribed with CCI receiving over $2.8 billion in total commitments. We appreciate the sustained support from our deep banking relationships which demonstrates confidence in CCI's well-established global businesses."
BNP Paribas; MUFG Bank Ltd.; Société Générale; Citibank N.A.; Coöperatieve Rabobank U.A., New York branch; Credit Agricole Corporate and Investment Bank; ING Capital LLC; Natixis, New York branch; and Wells Fargo Bank N.A served as joint lead arrangers and joint bookrunners for the facility.
Credit Suisse (Switzerland) Ltd. and Industrial and Commercial Bank of China Limited, New York Branch, acted as senior managing agents in the facility. An additional six banks also participated at various commitment levels. BNP Paribas served as global coordinator and administrative agent for the facility.
Cadwalader, Wickersham & Taft LLP served as counsel to the lenders. Stroock & Stroock & Lavan LLP served as counsel to the borrower.
About Castleton Commodities International LLC
CCI is a global energy commodity merchant with integrated businesses focused on marketing, merchandising, and trading commodities, and the ownership, operation and development of commodities-related infrastructure assets. Please visit our website for more information: www.cci.com.
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SOURCE Castleton Commodities International LLC | https://www.wibw.com/prnewswire/2022/06/13/castleton-commodities-international-llc-closes-22-billion-credit-facility/ | 2022-06-13T12:42:23Z |
WASHINGTON (AP) — Rep. Bennie Thompson, chairman of the House Jan. 6 committee, has tested positive for COVID-19, but the panel will still hold its prime-time hearing on Thursday, according to a spokesman for the panel.
Thompson, D-Miss., announced Tuesday that he tested positive for the virus on Monday and is experiencing mild symptoms. Thompson said he will be isolating for the next several days, but Jan. 6 committee spokesman Tim Mulvey said the committee’s eighth hearing this summer will proceed. He did not say if Thompson will participate virtually.
The news of Thompson’s diagnosis comes as the nine-member panel is preparing for the hearing, which is expected to focus on what President Donald Trump was doing in the White House on Jan. 6, 2021 for several hours as his supporters were breaking into the Capitol and interrupting the certification of Joe Biden’s presidential victory. Two White House aides who resigned immediately afterward are expected to testify, according to a person familiar with the hearing’s lineup.
Matthew Pottinger, former deputy national security adviser, and Sarah Matthews, a former deputy press secretary, are expected to testify, according to the person, who was not authorized to publicly discuss the matter and requested anonymity.
Previous hearings have detailed chaos in the White House, and aides and others were begging the president to tell the rioters to leave the Capitol. But T rump waited more than three hours to do so, and there are still many unanswered questions about what exactly he was doing and saying as the violence unfolded.
Lawmakers on the nine-member panel have said the hearing will offer the most compelling evidence yet of Trump’s “dereliction of duty” that day, with witnesses detailing his failure to stem the angry mob.
“We have filled in the blanks,” Rep. Adam Kinzinger, R-Ill., who will help lead Thursday’s session, said Sunday. “This is going to open people’s eyes in a big way.”
Throughout its yearlong investigation, the panel has uncovered several details regarding what the former president was doing as a mob of rioters breached the Capitol complex. Testimony and documents revealed that those closest to Trump, including his allies in Congress, Fox News anchors and even his own children, tried to persuade him to call off the mob or put out a statement calling for the rioters to go home.
Thursday’s hearing will be the first in the prime-time slot since the June 9 debut that was viewed by an estimated 20 million people.
___
Follow AP’s coverage of the Jan. 6 committee hearings at https://apnews.com/hub/capitol-siege. | https://cw33.com/news/politics/ap-politics/house-jan-6-panel-chair-tests-positive-for-covid-19/ | 2022-07-19T16:25:29Z |
Boudreau to return as coach of Canucks next season
VANCOUVER, British Columbia (AP) — Bruce Boudreau will return as coach of the Vancouver Canucks next season after helping to turn the struggling NHL club around as a midyear replacement. Boudreau took over behind the bench on Dec. 5, after the Canucks cleaned house following a disastrous 8-15-2 start, resulting in the dismissal of head coach Travis Green and general manager Jim Benning. Boudreau’s hiring made an immediate impact as he became just the third coach in NHL history to win his first seven games with a new team. The Canucks went 32-15-10 the remainder of the season and went from last place in the Pacific Division to finish five points out of a playoff berth. | https://localnews8.com/sports/ap-national-sports/2022/05/13/boudreau-to-return-as-coach-of-canucks-next-season/ | 2022-05-14T02:54:06Z |
Following a successful 90-day pilot program in Tallahassee, brands enter into an extended agreement
MIAMI, July 7, 2022 /PRNewswire/ -- BurgerFi, one of the nation's fastest-growing, premium fast-casual concepts, and Gopuff, the go-to platform for immediate delivery of customers' everyday needs, today announced plans to expand the delivery of BurgerFi items on the Gopuff platform to more customers nationwide, following a successful pilot program. In the coming months, Gopuff will begin delivering fresh-made BurgerFi burgers and fries to customers in more than a dozen cities, including Miami, New York City, Nashville and Philadelphia.
"The synergy between BurgerFi and Gopuff remains unrivaled, and the continuation of this partnership is a natural next step in raising the bar for our guests who value convenience and delivery," said Ophir Sternberg, Executive Chairman of BurgerFi. "As we look to redefine the way the world eats burgers, we can't think of a better partner to grow this late-night option nationwide."
Following a successful 90-day pilot program in which BurgerFi's "Fi on the Fly" food truck was stationed outside of a Gopuff location in Tallahassee, the new agreement will fully transition operations, food preparation and distribution to Gopuff's local teams and facilities. BurgerFi products will soon be available for delivery from more than 30 Gopuff Fresh Food Halls across the country – including in locations where no other BurgerFi restaurant exists, instantly expanding BurgerFi's national presence by leveraging Gopuff's local logistics network, teams and infrastructure.
"Having seen how much Gopuff customers in Tallahassee loved accessing BurgerFi for delivery, we look forward to expanding our partnership to bring their delicious, fresh and quality food to more customers in minutes," said Amelia Riba, VP Kitchens, Gopuff. "With our nationwide infrastructure, trained teams, and control over inventory and cooking prep, we have the ability to truly partner with restaurants like BurgerFi to curate menu and help them reach more customers instantly – without putting added stress on their restaurants for delivery. As we continue to build out the Fresh Food Hall offering, we are thrilled to be able to deliver BurgerFi food alongside thousands of everyday items we bring to our customers daily."
Products available to Gopuff customers in select markets will include:
- A-Grade Burgers: Double-up on 100% all-natural Beef patties, American cheese and loads of premium, thick-cut bacon in the sizable and juicy Ultimate Bacon Burger or keep it classic with the popular BurgerFi Cheeseburger. Both options are available in Junior sizes as well.
- Freshly-Prepared Fries: BurgerFi's perfectly seasoned fries will be delivered with speed as part of Gopuff's instant delivery.
For more information about BurgerFi or to find the nearest location, visit www.burgerfi.com and download the BurgerFi app for free fries on your first order.
About BurgerFi International (Nasdaq: BFI, BFIIW)
Established in 2011, BurgerFi is among the nation's fastest-growing better burger concepts with 116 BurgerFi restaurants domestically and internationally as of September 30, 2021. The concept is chef-founded and is committed to serving fresh food of transparent quality. BurgerFi uses 100% American Angus Beef with no steroids, antibiotics, growth hormones, chemicals, or additives. BurgerFi's menu also includes high quality wagyu beef, antibiotic and cage-free chicken offerings, fresh, hand-cut sides and custard shakes and concretes. On November 3, 2021, BurgerFi completed the acquisition of Anthony's Coal Fired Pizza & Wings with 61 company-owned locations in eight states. BurgerFi was named QSR Magazine's Breakout Brand of 2020, Fast Casual's 2021 #1 Brand of the Year, a "Top Restaurant Brand to Watch" by Nation's Restaurant News in 2019 and is included in Inc. Magazine's Fastest Growing Private Companies List. In 2021, in Consumer Report's Chain Reaction Report, BurgerFi was praised for serving "no antibiotic beef" across all of its restaurants and Consumer Reports awarded BurgerFi an "A-Grade Angus Beef" rating for the third consecutive year. To learn more about BurgerFi or to find a full list of locations, please visit www.burgerfi.com. Download the BurgerFi App on iOS or Android devices for rewards and 'Like' BurgerFi on Facebook or follow @BurgerFi on Instagram and Twitter.
BurgerFi® is a Registered Trademark of BurgerFi IP, LLC, a wholly-owned subsidiary of BurgerFi.
About Gopuff
Gopuff is the go-to instant commerce platform, fulfilling consumers' evolving, everyday needs. With an unmatched assortment that includes cleaning and home products, medicine, pet care, office supplies, beauty and wellness items, baby products, food and drinks, local brands, as well as alcohol and fresh prepared food in some markets, Gopuff brings a unique, reliable and magical experience to customers around the world.
Founded in 2013 by co-founders and co-CEOs Rafael Ilishayev and Yakir Gola, Gopuff created the instant needs category and continues to build the rails that define the future of commerce. To learn more, visit www.gopuff.com or follow Gopuff on Facebook, Twitter or Instagram. Download the Gopuff app on iOS and Android.
Media Contact:
BurgerFi:
Ailys Toledo, rbb Communications
burgerfi@rbbcommunications.com / (305) 773-3352
Gopuff:
press@gopuff.com
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SOURCE BurgerFi International | https://www.kxii.com/prnewswire/2022/07/07/burgerfi-gopuff-expand-pilot-deliver-fresh-made-burgers-fries-customers-nationwide/ | 2022-07-07T15:22:36Z |
Indy 500: How to watch and everything else you need to know
By Issy Ronald, CNN
Following two weeks of testing, practice and qualifying, the Indy 500 returns this weekend as 33 drivers attempt to win the coveted Borg-Warner Trophy and celebrate on the podium with a traditional bottle of milk.
Named after the 500 miles that are completed by the field, “The Greatest Spectacle in Racing” is the flagship event of the IndyCar series and was first raced in 1911.
Its arena is the Indianapolis Motor Speedway — a 2.5 mile long oval that is so large it encloses an 18-hole golf course and has a permanent seating capacity of 257,325 — the highest-capacity sports venue in the world.
This year will see the return of all these spectators since only a reduced crowd was allowed entry in 2021 and the race took place behind closed doors in 2020, due to the Covid-19 pandemic.
Qualifying occurred last weekend to determine the configuration of the all-important starting grid.
Scott Dixon qualified in pole position — his average speed of 234.046mph across the four laps was the fastest ever recorded in qualifying.
However, starting in pole does not necessarily guarantee victory. In the last 12 editions, only one driver has held pole all the way to the finish. Dixon himself has started on pole four times previously and only won once in 2008.
He will face challenges from seven other former winners in the field.
Defending champion Helio Castroneves is hoping for a record-breaking fifth title but struggled in qualifying and will start 27th on the grid.
Dixon’s teammate and last year’s IndyCar champion Alex Palou qualified half a second slower in second place while Rinus VeeKay will start in third place on the final spot of the front row.
As well as these more experienced IndyCar drivers, there are seven rookies making their debut at the race — former F1 driver Romain Grosjean, who survived a dramatic, fiery crash at the Bahrain Grand Prix in 2020 and seven-time NASCAR champion Jimmie Johnson are among them.
Once the drivers have taken their place on the starting grid, a pace car leads them around four warm-up laps. Then, the fifth time they pass the start line, the green flag is waved, and the race begins.
How to watch
Held on Sunday May 29, the Indy 500 is and broadcast live on NBC from 11 a.m ET until 4 p.m. ET, with the green flag at 12:45 p.m ET.
For countries without traditional IndyCar broadcasting contracts, the race organizers have launched IndyCar Live! — a subscription streaming service.
A full list of countries in which the streaming service can be accessed is here, while a list of international broadcasters can be found here.
One place where TV coverage will not be available is in the race’s hometown of Indianapolis.
Unless the 240,000 reserved grandstand seats sell out, there is a television blackout to encourage residents to buy tickets instead of watching the race at home.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/sports/cnn-sports/2022/05/29/indy-500-how-to-watch-and-everything-else-you-need-to-know/ | 2022-05-29T13:04:51Z |
Amber Alert: East Texas child abducted, ‘in grave or immediate danger’
GROVES, Texas (KWTX) - An Amber Alert has been issued for a toddler abducted in East Texas.
Jaiceon Robertson, 4, was last seen at 4:50 p.m. June 4 in the 2700 block of Boyd Avenue in Groves where officials say he was taken by Blake Robertson, 34.
Law enforcement believe the child to be in grave or immediate danger.
The boy is described as 3′6″ tall, 70 lbs. with black hair and brown eyes and wearing a gray Timberland shirt and black shorts with scars on his arms, stomach and legs.
Robertson is described as 6′, 222 lbs., with black hair and brown eyes and has several tattoos on upper body.
Law enforcement believe the child to be in grave or immediate danger.
Anyone with information is to call 911 or 409-722-4965.
Copyright 2022 KWTX via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/06/11/amber-alert-east-texas-child-abducted-grave-or-immediate-danger/ | 2022-06-11T23:50:00Z |
- Application Solutions for Virgin DHA in Infant Formula Milk Powder Under the New National Standard
XIAMEN, China, April 25, 2022 /PRNewswire/ -- On April 16-17, "Seminar on Infant Formula Perfection, Registration Guidance and Nutritional Ingredients Analysis under the New National Standard" was held online by China Food Industry Productivity Promotion Center and co-organized by Xiamen Huison Biotech Co., Ltd. The seminar gathered leaders of relevant Chinese departments, famous experts, professors and representatives of excellent enterprises.
In order to better meet the nutritional and health needs of Chinese infants, the national food safety standard Infant Formula (GB10765-2021) will be officially implemented on February 22, 2023. In next few years, infant formula will move toward safety standardization and refinement of ingredients, the nutrition is getting closer to breast milk.
Ning Xiaoxiao of Xiamen Huison Biotech Co., Ltd. was invited to attend the seminar, and shared the R&D original intention, R&D process and industrialization cases of virgin DHA dairy products, and finally emphasized on the application solutions of virgin DHA in infant formula milk powder.
R&D Original Intention - Solve the Technical Difficulties of Industry Applications
DHA has the function of assisting to improve vision, memory, heart and cerebral vessels, but DHA is particularly susceptible to its own structure, existence form, temperature, light, oxygen, moisture and pro-oxidation factors, it is highly susceptible to oxidation, rancidity, polymerization, double bond conjugation and other chemical reactions, resulting in the oxidation of DHA oil, thus affecting the function and usable range of DHA.
Keep Exploring New Sources of DHA - No Need for Multiple Processing, With High Antioxidant Stability
Various studies have shown that, in addition to the common fish oil and algae oil that can provide DHA, breast milk is also rich in DHA, which is a natural lactation mechanism unique to mammals, but ruminant dairy products are low in DHA, so infant formula milk powder and children's dairy products need to add extra DHA as a nutritional supplement.
In order to solve the application problem of externally added DHA, the R&D team of Huison Biotech, inspired by breast milk, further researched and found that the lack of DHA in dairy products is mainly due to the lack of DHA sources in the ruminant's diet nutrition. Through multi-conditions and multi-factors research and repeated scientific research of "ten years for one", directed fermented schizochytrium powder HS01 with easier absorption is finally determined to be provided in ruminant diets, which is characterized by rich in DHA and stable content. DHA exists in algae cells, maintaining the natural structure and integrity of the whole cells, without any processing damage to the cells such as wall-breaking extraction, and has passed the safety evaluation (oral toxicity, three genetic toxicity, teratogenicity, etc.) by national authorities.
Virgin DHA - Similar to Breast Milk DHA Source, Virgin Nutrition, Safe and Easy to Absorb
Virgin DHA pure milk, i.e. milk that contains DHA after the cow is milked by ingesting fermented schizochytrium powder HS01. This process is similar to the natural food rich in DHA through dietary supplementation of nursing mothers, which is metabolized by the mother into breast milk fat and exists in the milk fat globule membrane, while the milk fat globule membrane is a natural protective barrier for DHA with a unique oil-in-water emulsification structure, which is unique to mammal milk. By using flow cytometry and gas chromatography for analysis, it was determined that virgin DHA in milk is present in milk fat globule membranes, and its structure and existence form are similar to those of breast milk.
Through stability test, it is found that virgin DHA in pure milk is more stable than the DHA added externally to milk or milk powder, and it does not change the original flavor of milk. Through test and evaluation, the triglyceride structure of SN-2 DHA is also similar to that of breast milk, which is more stable. Through further experiments and intake evaluation, it is found that its absorption effect is indeed better than that of externally added, and is more easily digested and absorbed by the organism. In summary, virgin DHA milk has the characteristics of virgin, nutritional and safe, easy to absorb, no fishy smell and high value-added.
Application Solutions for Virgin DHA in Infant Formula Milk Powder Under the New National Standard
Under the new national standard, the DHA level in infant formula should be higher, but the existing infant formula in the market generally has lower level of DHA than the requirement of new national standard. As experts at the seminar said, there are technical difficulties to continue to increase the amount of externally added DHA, it needs to solve the smell, taste, oxidation stability within shelf life, content stability changes, as well as mixing uniformity, solubility, absorption and other problems.
At present, the industrialized raw milk's DHA content is 10mg-20mg/100ml. After it becomes whole milk powder through the spray drying process, the virgin DHA content can reach 80mg-160mg/100g, which can be added by infant formula enterprises in proportion to the formula, solving the technical difficulties of external addition of high level of DHA, and making the DHA content in infant formula easily meet the regulatory requirements of new national standard.
Huison Biology - Delivering Health with Technology
Xiamen Huison Biotech Co., Ltd. was established in 2001, which is a national high-tech enterprise focusing on microbial directed fermentation and industrialization of virgin DHA. Huison's schizochytrium species and high-yield virgin DHA pure milk have been patented by China, USA, Australia and Japan.
Huison's schizochytrium powder provides industrialized solutions for virgin and organic DHA dairy products, which is the leading patented technology for global industrialization. Huison's DHA algae oil has passed the EU certification, FDA GRAS certification and US organic certification. It is physically extracted, safe and preferable.
Huison Biotech always adheres to the mission of "Passing health through technology", focuses on the microbial directed fermentation industry, and is committed to become the leader of natural nutrition and health industry solutions.
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SOURCE Huison Biotech | https://www.kxii.com/prnewswire/2022/04/25/huison-virgin-dha-helps-infant-formula-safety-regulation-innovation-development/ | 2022-04-25T11:21:15Z |
Cloud communications expert has advanced the technology vision for global leaders including Cisco, Avaya and Tata Communications
RALEIGH, N.C., June 2, 2022 /PRNewswire/ -- Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, today announced Karl Perkins has joined the company as Chief Innovation Officer, a newly created position.
A cloud communications expert, Perkins has advanced the strategic technology vision for leading global service providers, including Cisco, Avaya and Tata Communications. His mission at Bandwidth is to drive transformational research and disruptive technologies into a more differentiated product roadmap that delivers a higher level of customer value and growth.
"Karl is well known to our largest customers and well regarded by the vast network of technologists in our space," said Anthony Bartolo, Bandwidth's Chief Operating Officer. "His deep domain expertise, motivational leadership and entrepreneurial mindset will complement our strategy to accelerate innovation and customer co-creation across our offerings."
"I'm excited to join a talented innovation team to make Bandwidth's global network and APIs the most relevant and versatile platform for powering the enterprise communications migration to the cloud," said Perkins. "We have tremendous potential to build on our culture of innovation to expand our portfolio, grow our ecosystem and build stronger customer partnerships to unlock mutual value."
Perkins has a broad mix of consulting and technical innovation leadership at top global service providers and communications technology companies. Most recently, he was Chief Technology Officer at Avaya, where he helped define the company's transition to a SaaS-based business model. Earlier experience includes Vice President and Chief Technology Officer of Business Collaboration, Mobility and IoT Solutions at Tata Communications; Group Technical Director at video collaboration software provider UCi2i; product and solution roles in the office of the CTO at Cisco Systems; and technical and strategy positions at a number of other communications technology companies.
A native of the United Kingdom, Perkins holds degrees in computer science from Loughborough University in the U.K., where his research focused on all areas of distributed computing, from network design to communication protocols and applications.
About Bandwidth Inc.
Bandwidth (NASDAQ: BAND) is a global communications software company that helps enterprises connect people around the world with cloud-ready voice, messaging and emergency services. Backed by a network reaching 60+ countries covering 90 percent of global GDP, companies like Cisco, Google, Microsoft, RingCentral, Uber and Zoom use Bandwidth's APIs to easily embed communications into software and applications. Bandwidth has more than 20 years in the technology space and was the first Communications Platform-as-a-Service (CPaaS) provider offering a robust selection of APIs built on our own global network. Our award-winning support teams help businesses around the world solve complex communications challenges every day. More information is available at www.bandwidth.com.
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SOURCE Bandwidth Inc. | https://www.kxii.com/prnewswire/2022/06/02/bandwidth-announces-karl-perkins-chief-innovation-officer/ | 2022-06-02T12:54:29Z |
PHOENIX, June 23, 2022 /PRNewswire/ -- RVnGO (RVeloCITY, Inc., doing business as RVnGO, Phoenix, Arizona the "Company") announced today that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to occur after the SEC completes its review process, subject to market and other conditions.
This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the "Securities Act") and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.
Press Contact:
Richard Saling
Chief Marketing Officer
richard.saling@rvngo.com
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SOURCE RVnGO | https://www.mysuncoast.com/prnewswire/2022/06/23/rvngo-announces-confidential-submission-draft-registration-statement-related-proposed-public-offering/ | 2022-06-23T22:05:51Z |
Which products do cooking experts recommend buying on Prime Day?
Kitchen ranks high as one of the most-shopped categories on Prime Day because it’s full of deep discounts, especially on top brands and trending products. There’s no shortage of deals in the space, but choosing the best kitchen products among them can be challenging — and can feel overwhelming.
If you’re wondering which ones are worth buying on Prime Day, look no further than our resident cooking experts for guidance. Andrea Boudewijn, a Cordon Bleu-trained pastry chef, and Chris Thomas, private caterer and lifelong chef, share the top products they recommend buying during summer’s biggest sales event, including toaster ovens, smart faucets and premium cutlery.
Because prices and availability are subject to change today — especially with so many discounts on top kitchen brands — we’ll update this list of Prime Day deals frequently to keep you up to date. We organized these deals by popular categories so you can find what you’re looking for quickly.
Trending products from Ninja and Cuisinart our cooking experts recommend
Vitamix Explorian E310 Blender: 17% off
Lauded as one of the most powerful blenders available, this professional-grade Vitamix has 10 variable speeds for maximum control over blending. The blender is built to last with a metal drive system and hardened stainless steel blades
Cuisinart Pure Indulgence Ice Cream Maker: 30% off
The compact Cuisinart ice cream maker whips up fresh frozen treats in 20 minutes or less. It has a double-insulated bowl that eliminates the need for ice, and it has a large spout so you can add ingredients without making a mess.
Presto Dorothy Electric Rapid Cold Brewer: 46% off
It only takes 15 minutes to make a cold brew coffee with this rapid brewer that spins grounds for quick flavor extraction. The glass carafe, grounds cup and filter are all dishwasher-safe for easy cleaning.
Cosori 5-Quart Air Fryer: $15 off
The best-selling Cosori air fryer helps you cook with 85% less oil without sacrificing crispiness, flavor or juiciness. It has nine preset functions as well as a shake reminder so you can “toss” the basket’s contents for even, thorough cooking.
Cutlery from Victorinox and Sabatier
G-Ting Whetstone Set: 41% off
This deluxe knife-sharpening set, touted as a “one-stop shop,” covers all sharpening and polishing needs. The set is designed with several safety features, including nonslip rubber bases and an angle guide.
Sabatier High-Carbon Stainless Steel Knife Block Set: 28% off
The 15-piece set covers most everyday cooking needs and includes six 4.5-inch steak knives with razor-sharp blades that slice meat. It also comes with a sharpening tool and kitchen scissors.
Cookware from Calphalon and Cuisinart
Calphalon Signature Nonstick 12-Inch Wok: $36 off
Made by a trusted cookware brand, this nonstick wok boasts extreme durability with hard-anodized aluminum construction and 500-degree heat resistance. It comes with a dishwasher-safe glass lid.
Cuisinart 10-Piece Tri-Ply Stainless Steel Cookware Set: 24% off
If you’re partial to stainless steel cookware, this Cuisinart set has fine construction with riveted handles and brushed stainless steel exterior. The durable, sleek set is backed by Cuisinart’s lifetime warranty.
Bakeware from Lodge and Amazon
Lodge Color Enameled Cast Iron Dutch Oven: 15% off
If you’re looking for a durable Dutch oven, Lodge’s 6-quart model is a top choice. Not only does this model withstand temperatures as high as 1,400 degrees, but it’s covered with chip-resistant enamel.
Amazon Basics Dutch Oven: 39% off
The Amazon Basics Dutch oven is an affordable investment that borrows many premium features from its more expensive counterparts. It’s available in three sizes and over 10 vibrant colors that coordinate easily with other bakeware.
Cosori Air Fryers and other kitchen appliances
Cosori 5-Quart Air Fryer: $15 off
The best-selling Cosori air fryer helps you cook with 85% less oil without sacrificing crispiness, flavor or juiciness. It has nine preset functions as well as a shake reminder so you can “toss” the basket’s contents for even, thorough cooking.
Gadgets from KitchenAid and Delta
KitchenAid Dual Kitchen Scale: 45% off
KitchenAid’s premium digital scales has a two-line LCD readout that calculates weights on two platforms simultaneously, making it especially popular among time-conscious home cooks. The scales are known for accurate measurements.
Delta Faucet Essa Touch Kitchen Faucet: 20% off
Instead of touching a faucet with dirty hands, this Delta faucet lets you tap it with your wrist or knuckles. It’s available in four finishes, including matte black and stainless steel, to match kitchen decor.
Krups Silent Vortex Electric Grinder: 46% off
Whether you need to grind coffee beans, spices or fresh herbs, this Krups grinder turns it into an effortless task. The versatile gadget also has a removable grinding bowl for mess-free pouring and cleaning.
Want to shop the best products at the best prices? Check out Daily Deals from BestReviews.
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Sian Babish writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/kitchen-br/utensils-gadgets-br/want-to-shop-like-a-professional-chef-heres-what-our-cooking-experts-are-buying-on-prime-day-2022/ | 2022-07-12T21:13:35Z |
Anne Heche remains hospitalized and in intensive care after a car she was driving on Friday crashed into a residence in Los Angeles and became engulfed in flames.
"Anne is in the ICU, she's lucky to be alive. She has severe burns and has a long recovery ahead. Her team and her family are still trying to process what led up to the crash," a source close to Heche told CNN Saturday morning.
The vehicle was traveling at a high rate of speed when it ran off the road and collided with a residence, Los Angeles Police Public Information Officer Jeff Lee told CNN on Friday.
Heche was taken to a local hospital by Los Angeles Fire Department paramedics in critical condition. It took firefighters more than an hour to "access, confine and fully extinguish the stubborn flames within the heavily damaged structure," the LAFD said.
There were no other injuries reported.
CNN has contacted representatives of Heche for comment.
Heche first rose to fame on the soap opera "Another World," where she played the dual role of twins Vicky Hudson and Marley Love from 1987 to 1991 and earned a Daytime Emmy Award. She followed that with films like "Donnie Brasco," "Six Days Seven Nights," and "Wag the Dog."
Her romantic relationship with Ellen DeGeneres in the late '90s resulted in intense media attention, much to Heche's professional frustration. In a 2021 interview with Page Six, Heche said she felt "blacklisted" after going public with their relationship.
"I didn't do a studio picture for 10 years," said Heche, who dated DeGeneres from 1997 to 2000.
Heche has appeared in numerous television series more recently, including "The Brave," "Quantico" and "Chicago P.D." She has several acting projects currently in post-production, according to her IMDB profile.
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accounts, the history behind an article. | https://www.albanyherald.com/entertainment/actress-anne-heche-has-long-recovery-ahead-after-car-crash/article_a064a206-ebad-59ac-8642-39c813cd25fa.html | 2022-08-06T15:33:31Z |
Which time clock for the office is best?
If you have a small business with employees, a time clock helps you keep track of their hours, making your life a lot easier. They log start times, finish times and breaks in a concise way that verifies individual work output. Hours are logged and automatically calculated to simplify the payout process.
For business owners looking for an affordable way to track employee hours, the Totalpass P600 Employee Time Clock is an ideal choice.
What to know before you buy a time clock for the office
Types of time clocks
There are four types of time clocks you can use to track employee output.
- Card punch: The classic way for small businesses to track hours is the punch card.
- Proximity: This version uses sensors on cards or badges to detect when employees arrive and leave work.
- Web-based: This requires employees to clock in via the internet on a computer or their smartphone. Your staff will need access or be provided access to it to clock in or out.
- App-based: This model incorporates an application on smartphones that can be accessed and logged in remotely.
- Biometric: This uses fingerprints on a central device or can be accessed remotely via employee smartphones to secure individual clock ins and outs.
Placement
Before purchasing a time clock you should know where it will go in your office. Are you able to mount it next to a digital wall clock or would you prefer a mobile clock-in system? The layout and location of your company can determine what type you use.
Software
Certain types of time clocks require software to be installed and updated periodically. Are you prepared to integrate new software when investing in a time clock? If so, check its compatibility with your business payroll system first. Be sure it will automatically collect data and take into account if there are any monthly service fees involved.
Sign-in method
Your employees need to individually sign in or out as they go to and from work. This way their hours are automatically calculated as they arrive, go on breaks and finish at the end of the day.
- Fingerprint: This is good for remote workers because they can use the thumbprint on their mobile devices. It is also very secure and ensures that employees can only log themselves in.
- Proximity card: These are held on an employee’s person and scan them in as they reach proximity to the time clock area.
- Punch-in or swipe card: This is a traditional way to clock in with minimal glitches. It requires a physical connection with the time clock device to ensure accurate in and out times.
What to look for in a quality time clock for the office
Offline mode
In case there are any glitches, consider getting a time clock that has an offline option. This will ensure that even if the power goes out, the internet is down or any other issues arise, you will still be able to track employee hours.
Clock-in and clock-out
Your time clock should add up hours and calculate pay reports according to how your employees have clocked in or out. This feature can also help you to track overtime, send them incoming mail and adjust according to daylight saving time changes.
Tech support
Perhaps one of the most essential features of a new system is the tech support involved. There are often hiccups, adjustments or initial malfunctions when you initially implement a new system to your business, the support team for the technology can be a lifesaver. They can help you to set up, troubleshoot and offer you advice using the system.
How much you can expect to spend on a time clock for the office
You can spend anywhere from $100-$600 on a quality time clock system for a small business.
Time clock for the office FAQ
Are time clocks effective?
A. Yes. Time clocks let business owners track their employees’ times to ensure costs are being allocated to the right departments.
Can employees clock in for each other?
A. Employees are given their individual clock-in information that is specific to the individual. This information is often within a personal time card, proximity card, or perhaps the most secure, using their fingerprint.
What’s the best time clock for the office to buy?
Top time clock for the office
Totalpass P600 Employee Time Clock
What you need to know: Calculate your entire business’s time sheets with this ready-to-go web-based time clock.
What you’ll love: It connects to Wi-Fi but has no software or monthly fees to keep up with. You can use it within two minutes of opening the box to automatically track 50 employees, with expansions going up to 500.
What you should consider: A few customers reported trouble connecting to Wi-Fi after using it for a while.
Where to buy: Sold by Amazon
Top time clock for the office for the money
uPunch Starter Time Clock Bundle
What you need to know: This is a popular time clock with a classic punch in/out option for employees.
What you’ll love: The clock bundle includes 100 time cards, a holder for them, an ink ribbon and two keys. This tracks your employees working time and calculates the hours for payments weekly, biweekly, semi-monthly, or monthly depending on your preference.
What you should consider: A few people reported having trouble with the instructions for the device and a lack of customer service support.
Where to buy: Sold by Amazon
Worth checking out
Pyramid 3500 Time Clock and Document Stamp
What you need to know: A time clock bundle that tracks payroll hours and manages business costs.
What you’ll love: This clock has manual and smart site alignment options that can be set up in two minutes. Either can include timecards or a rack to hold them in. It has 14 prerecorded messages and multiple language options.
What you should consider: A couple of people mentioned the punch cards need to be aligned well for them to scan.
Where to buy: Sold by Amazon
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Erica Redding writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/best-time-clock-for-the-office/ | 2022-06-16T15:59:49Z |
DALLAS, July 13, 2022 /PRNewswire/ -- The Board of Directors of Jacobs (NYSE:J) has declared a quarterly cash dividend payable to shareholders in the amount of $0.23 per share of Jacobs common stock. This dividend will be paid on Aug. 26, 2022, to shareholders of record as of the close of business on July 29, 2022.
At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With $14 billion in revenue and a talent force of approximately 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.
For additional information contact:
Investors:
Jonathan Doros, 817-239-3457
jonathan.doros@jacobs.com
Media:
Marietta Hannigan, 214-920-8035
marietta.hannigan@jacobs.com
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SOURCE Jacobs | https://www.kxii.com/prnewswire/2022/07/13/jacobs-declares-quarterly-dividend/ | 2022-07-13T20:40:54Z |
LUND, Sweden, Aug. 23, 2022 /PRNewswire/ -- Immunovia today announced it will participate in Gilmartin Group's Emerging Growth Company Showcase on August 31, 2022.
Philipp Mathieu, CEO and President, and Jeff Borcherding, US CEO, are scheduled to present on Wednesday, August 31, 2022 at 9:00 am ET (15:00 pm CET).
A live and archived webcast will be available on the 'Investors' section of the Immunovia website at https://investor.immunovia.com/.
For more information, please contact:
Karin Almqvist Liwendahl
CFO
karin.almqvist.liwendahl@immunovia.com
+46 70 911 56 08
About Immunovia
Immunovia AB is a diagnostic company with the vision to revolutionize blood-based diagnostics and increase survival rates for patients with cancer.
Our first product, IMMray™ PanCan-d is the only blood test currently available for early detection of pancreatic cancer. The test has unmatched clinical performance. Commercialization of IMMray™ PanCan-d started in August 2021 in the USA and IMMray™ PanCan-d is offered as a laboratory developed test (LDT) exclusively through Immunovia, Inc. For more information see: www.immunoviainc.com.
Immunovia collaborates and engages with healthcare providers, leading experts and patient advocacy groups globally to make this test available to all high-risk pancreatic cancer groups.
The USA, the first market in which IMMray™ PanCan-d is commercially available, is the world's largest market for the detection of pancreatic cancer with an estimated value of more than USD 4 billion annually.
Immunovia's shares (IMMNOV) are listed on Nasdaq Stockholm. For more information, please visit www.immunovia.com.
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SOURCE Immunovia AB | https://www.kxii.com/prnewswire/2022/08/23/immunovia-present-gilmartin-groups-emerging-growth-company-showcase/ | 2022-08-23T07:35:32Z |
NEW YORK, July 25, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SNAP, SIGA, SNDL, GE, and MARA.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- SNAP: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=SNAP&prnumber=072520226
- SIGA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=SIGA&prnumber=072520226
- SNDL: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=SNDL&prnumber=072520226
- GE: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=GE&prnumber=072520226
- MARA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=MARA&prnumber=072520226
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.kxii.com/prnewswire/2022/07/25/thinking-about-buying-stock-snap-siga-technologies-sundial-growers-general-electric-or-marathon-digital/ | 2022-07-25T16:08:36Z |
TAIPEI, July 28, 2022 /PRNewswire/ -- GRAID Technology ("GRAID"), the creators of the world's first NVMe and NVMeoF RAID card, is showcasing its revolutionary enterprise data protection solution to the world at the Taiwan Tech Arena Pavilion during CES 2022.
As a CES 2022 Innovation Awards Honoree, GRAID's SupremeRAID™ NVMe RAID card is defining the future of data storage with its incredible speed, power and flexibility. The CES Innovation Awards is an annual competition that honors the most exceptional design and engineering achievements in consumer technology. GRAID SupremeRAID™ was handpicked by an elite panel of industry expert judges, including prominent members of the media, designers and engineers, from a record-high number of over 1,800 submissions — demonstrating its vast potential and status as a trailblazing industry innovator.
"We are honored to display our award-winning solution at the Taiwan Tech Arena. Our team is deeply passionate about providing customers with the world's most powerful data protection for NVMe SSDs, without sacrificing the performance they need — and that begins with a forward-thinking approach. We selected Taiwan for our R&D center due to its extraordinary tech talent and reputation as an up-and-coming hub of innovation. This unique combination enabled us to develop SupremeRAID™, which provides the speed, ease of use, flexibility and TCO the market demands for the future of high-performance workloads," said Leander Yu, CEO of GRAID.
Visionary technology to maximize SSD performance
Named one of the Ten Hottest Data Storage Startups of 2021 by CRN, GRAID SupremeRAID™ is already breaking world records with its visionary software plus hardware solution. SupremeRAID™ is the first NVMe RAID card in the world to eliminate the traditional RAID bottleneck and deliver maximum available SSD performance. With SupremeRAID™, GRAID is offering a new way for enterprise data centers to achieve record-breaking NVMe SSD or NVMeoF performance without sacrificing data security or business continuity.
While traditional RAID cards have worked well for enterprise data storage to a point, these technologies are struggling to keep up with the high level of performance offered by modern NVMe SSDs. With a single NVMe SSD able to deliver around one million IOPS and 7GB/s of throughput, traditional RAID cards or software RAID systems are no longer capable of handling the massive performance leap of an SSD — leading to a performance bottleneck in storage infrastructure.
GRAID's disruptive solution sidesteps this challenge altogether with an entirely novel architecture that uses a GPU, rather than legacy RAID card, to deliver unparalleled computing performance. Designed for a modern software composable environment, GRAID SupremeRAID™ protects direct-attached flash storage as well as storage connected via NVMeoF, while delivering a blazing 16M IOPS 110GB/s throughput with a single card – at least 5 times faster than the competition.
Traditional hardware RAID cards also need to be directly connected using cables, which severely limits their usefulness in modern Software-Composable Infrastructure. However, GRAID SupremeRAID™'s plug-and-play design doesn't require extra cabling to connect SSD disks to the RAID card, which eliminates the costs of refactoring existing hardware and avoids another potential point of failure.
GRAID will be showcasing its solution at Taiwan Tech Arena, Booth #61423, D7, as well as at the CES 2022 Innovation Awards Showcase at the Venetian Expo, Halls A-C, Booth #52952. To set up a meeting with GRAID during CES 2022, email info@graidtech.com
About GRAID Technology
GRAID's extraordinary software plus hardware solution has redefined the value of SSD RAID cards and makes GRAID SupremeRAID™ the most powerful and flexible NVMe SSD RAID in the world. Book a demo today at www.graidtech.com
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SOURCE GRAID Technology | https://www.kxii.com/prnewswire/2022/07/29/ces-innovation-awards-honoree-graid-technology-displays-cutting-edge-raid-solution-tta-pavilion/ | 2022-07-29T04:11:59Z |
New study: Interventions double mammography rates for disadvantaged women
PEORIA, Ill., June 7, 2022 /PRNewswire/ -- Targeted text reminders and other interventions erased disparity in the rate of breast cancer screening between economically advantaged and disadvantaged patients, according to an OSF HealthCare study published in Population Health Management.
While screening has been shown to reduce breast cancer deaths, women who are economically disadvantaged are less likely to have breast cancer screening and more likely to die of the disease, often because the breast cancer isn't detected until it reaches a more advanced stage. Mammography screening rates plummeted during the COVID-19 pandemic, which only increased the disparity between economically advantaged and disadvantaged patients.
OSF HealthCare researchers analyzed the effectiveness of interventions created and supported by the OSF OnCall digital health team to reduce that disparity, with: text messages that included a link to schedule a mammogram and information about the importance of breast cancer screening; calls from a digitally-enabled community health worker (CHW) to help schedule mammograms and solve challenges such as transportation; and an invitation to a health fair offering on-site mammograms. Breast cancer screening rates more than doubled among Medicaid patients who received interventions.
The National Comprehensive Cancer Network (NCCN) guidelines recommend annual mammography for most women beginning at 40 and earlier for women at higher risk for breast cancer.
"Previous studies have found that similar interventions help increase the rate of breast cancer screening, but not whether they would reduce disparities among different populations," said Jonathan A. Handler, MD, FACEP, FAMIA, senior author of the study and senior fellow, OSF Innovation at OSF HealthCare.
Dr. Handler added, "Our study found that these simple interventions provide an innovative approach to erase inequities in screening rates between economically disadvantaged and advantaged women, helping us meet our goal of providing equitable, excellent care to our financially and geographically diverse patient population."
The study included more than 4000 women in two groups: an economically disadvantaged group (those with Medicaid coverage), and an economically advantaged group (those with private commercial insurance). All were 41 or older, were aligned with an OSF primary care physician and appeared to be overdue for their mammogram – typically by two years or more. All with Medicaid were randomly assigned to one of three intervention arms and compared with a subset of commercially insured women randomized to receive no intervention
All in the Medicaid group received the first intervention (at least one text message reminder). The moderate intervention arm also received additional educational content, a reminder text after a mammogram was scheduled, and phone outreach by a CHW to answer questions, assist with scheduling a mammogram, and address other issues related to the screening. The third arm had all of those interventions, and also received an invitation to a health fair where attendees could participate in interactive educational activities, schedule a mammogram or receive a same-day mammogram at the health center after attending the event.
In the Medicaid group, the rate of mammogram screening more than doubled following the interventions, from 5.4% to 11% of eligible patients. Interventions targeted only to the Medicaid group reversed the disparity in screening rates. Before interventions, the Medicaid group had 2.6% lower breast cancer screening rate than those with private insurance. After the interventions, the Medicaid group's screening rate was 3.7% higher than those with commercial insurance who had been randomly assigned to receive no intervention.
Researchers determined Medicaid participants who had moderate to maximum intervention had a significant improvement in screening rates. Many in this group were reluctant to get a mammogram because of the expense until learning from a CHW that appropriate screening is covered by Medicaid.
Screening rates also increased after intervention among privately-insured women who were assigned to intervention arms. Therefore, researchers said economically disadvantaged women might require more intense intervention than their economically advantaged counterparts, with private insurance, to close the disparity gap moving forward.
"The goal is equity in health outcomes, not always standardization of an intervention or what we think of as equality. So it's vital to strategically implement interventions among patients who would most benefit," said Sarah Stewart de Ramirez, MD, MPH, principal investigator of the study, medical director for Population Health Services at OSF HealthCare, and associate dean for Population Health Equity Innovation at the University of Illinois College of Medicine Peoria. "For example, we found that simply providing interventions such as a text message equally to the entire patient population might actually widen that disparity, because economically advantaged patients have fewer hurdles to access care and therefore are more likely to be able to act on those reminders."
Dr. de Ramirez added, "Ultimately, we hope to find an engagement approach that achieves equity while also improving screening rates for all women. It's imperative that we continue to study new population based interventions so we can apply them with the same science as clinical interventions, and ensure our patient populations receive the highest level of care, wherever they are."
The study was funded by the American Hospital Association's Institute for Diversity and Health Equity and Blue Cross Blue Shield of Illinois.
Visit osfhealthcare/innovation to learn more about how OSF HealthCare is working to transform health care.
PLEASE GO TO THE OSF NEWROOM FOR ADDITIONAL ASSETS, INCLUDING PHOTOS AND VIDEOS ASSOCIATED WITH THIS NEWS RELEASE.
OSF HealthCare is an integrated health system owned and operated by The Sisters of the Third Order of St. Francis, headquartered in Peoria, Illinois. OSF HealthCare employs nearly 24,000 Mission Partners in 150 locations, including 15 hospitals – 10 acute care, five critical access – with 2,089 licensed beds, and two colleges of nursing throughout Illinois and Michigan. The OSF HealthCare physician network employs more than 1,500 primary care, specialist and advanced practice providers. OSF HealthCare, through OSF Home Care Services, operates an extensive network of home health and hospice services. It also owns Pointcore, Inc., comprised of health care-related businesses; OSF HealthCare Foundation, the philanthropic arm for the organization; and OSF Ventures, which provides investment capital for promising health care innovation startups. More at osfhealthcare.org.
Contact: Colleen Reynolds | Media Relations Coordinator, OSF HealthCare | mobile (309) 825-7255
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SOURCE OSF HealthCare | https://www.mysuncoast.com/prnewswire/2022/06/07/text-reminders-digital-health-workers-erase-gap-breast-cancer-screening/ | 2022-06-07T20:54:40Z |
Consumer opinions of the value of vision care as part of whole-body health are climbing, with tech-enabled care playing a pivotal role in benefits decisions
BALTIMORE, June 13, 2022 /PRNewswire/ -- Today, Versant Health, Inc. released the results of its third annual Vision Wellness Study, finding that consumer opinions of the value of vision care as part of whole-body health are rising. In fact, more people agree that the ability to identify both eye diseases and chronic health conditions are highly valuable services offered by eye doctors. Additionally, the use of virtual eye care options—including telemedicine, tech-enabled communication, and online eye wear shopping—have both increased year-over year and influence consumer's insurance benefits decisions.
The Vision Wellness Study surveyed consumers on their evolving perceptions of eye care over the past two years of living with a global pandemic, including the importance they place on eye care services, their beliefs about the connections between eye health and overall health, and the factors that influence current insurance benefit decisions.
Of those survey respondents who received an eye exam during the past two years, 70% say the ability to identify eye diseases is high-value service offered by eye doctors, up from 65% last year. To add, 61% say the ability to identify other serious diseases is a high-value service offered by eye care providers, slightly up from 59% last year. This points to a gradual increase in the importance consumers place on their eye care visits, which we may continue to see in coming years, as more people consider the care resources that support their whole-body health.
Virtual eye care options are having a greater influence on how—and the likelihood that—people seek eye care moving forward. In fact, more than one-third (37%) of respondents believe that telemedicine is a very important healthcare topic in general. Nearly two thirds (65%) of respondents say having access to virtual visits and telemedicine would make them more likely to make an eye doctor appointment, and nearly one third (31%) say having access to virtual visits and telemedicine would make them more likely to purchase vision insurance, a 10% increase over last year.
"The pandemic has created an increased desire for telemedicine that is here to stay, even in the eye health space," says Dr. Mark Ruchman Chief Medical Officer at Versant Health. "The 'new normal' for insurers and managed care organizations that are engaging members and patients in their whole-body health includes innovating the way they access and experience tech-enabled vision care services."
Beyond telemedicine, consumers' opinions of eye care and insurance is impacted by virtual access to communication with doctors. More than one third (39%) of respondents who have received an eye exam in the past two years say that communicating virtually/remotely with their eye doctor has a high impact on them seeing them more often, compared to 31% who said the same last year. Additionally, one third (34%) say that being able to buy eye wear online has a high impact on them seeing an eye doctor more often, compared to 27% who said the same last year. Of those respondents who do not have vision insurance, half (50%) think that being able to use insurance to purchase eye wear online would make them more likely to purchase vision insurance, up from 41% last year.
The Social Determinants of Eye Health
Costs of care and lack of insurance coverage often present as the major barriers to vision care for lower income households (i.e., earning less than $35,000 per year). More than a quarter (28%) of lower-income households say they don't have vision insurance that covers their eye care costs, compared to 15% of middle-income households (those earning between $35,000 and $75,000 annually) and 9% of higher-income households (those earning more than $75,000 annually) that say the same. More than one third (35%) of lower income households say cost and affordability is the reason they don't see an eye doctor as often as they'd like, compared 23% of middle income and 16% of higher income households.
Potentially resulting from concerns regarding care costs, lower income households express interest in cost containment measures they can take at home and affordable access to care. The majority (87%) of lower income households say getting advice on nutrition for better eye health would make them more likely to make an eye doctor appointment, compared to 66% of higher income households that agree. To add, 53% of lower income households say members of their household would see an eye doctor more often if virtual communication for advice and information and appointment scheduling were options, compared to 34% of higher income households
"Our health outcomes are directly related to our socioeconomic status," says Liz Klunk, RN, BSN, CCM-R, Head of Medical Management Strategy and Development at Versant Health, Inc. "We truly believe that health plans and managed vision care partners can play a significant role in addressing issues of social determinants through advanced member outreach program design that improves access to care in the face of societal inequities. The proof is in member outcomes, and we've seen it work."
Additional findings from the third annual Vision Wellness Study include:
- Differences in Demographic Experiences of Eye Care: Households with children are concerned with eye care affordability—48% of people with children in the household said that a very important healthcare topic is how to establish a savings fund for emergency medical care, as opposed to only 28% of people without children in the household. Alternatively, working age adults prioritize convenience around their work lives, with 33% of respondents under the age of 40 citing their work schedule as a reason for not visiting the eye doctor as often as they'd like. Seniors are the most interested in seeing they eye doctor more than they do currently, with 67% of respondents ages 60+ saying that being able to get covered routine eye exams more frequently was of high value.
- The Medicaid Need for Both Cost and Convenience: Respondents with Medicaid who have received an eye exam in the past two years more often say the reason their household members do not get an eye exam as often as they'd like are cost/lack of transportation at 17%, no telemedicine option at 19%, and lack of clarity around whether they have vision insurance at 13%. To add, 20% of Medicaid respondents said they have needed new eye wear but delayed for financial reasons, higher than the 15% of general population respondents who say the same. Still, 85% of Medicaid respondents say having eye exams covered would have a high impact on their likelihood of purchasing vision care insurance, compared to 71% of general population respondents, and 75% of Medicaid respondents say access to virtual visits/telemedicine would make them more likely to make an eye doctor appointment, compared to 65% of general population respondents.
Versant Health's third annual Vision Wellness Study, conducted between February 7 and February 18, 2022, included one survey fielded by Market Measurement, a custom market research firm. The survey comprises 558 responses from consumers ages 18 and older. The survey covered their opinions on routine eye care, access to eye exams, preventative health measures, care costs, and other topics related to managed vision care and insurance.
Versant Health, Inc., a wholly-owned subsidiary of MetLife, Inc., is one of the nation's leading administrators of managed vision care companies serving more than 38 million client-members nationwide. Through our Davis Vision and Superior Vision independent provider networks, we help members access the wonders of sight through healthy eyes and vision. Administering vision and eye health solutions that range from access to routine vision benefits to medical management, Versant Health has unique visibility and scale across the total eye health value chain. As a result, our clients' members enjoy a seamless experience with access to one of the broadest provider networks in the industry and an exclusive frame collection. Commercial groups, employer plans, and health plans that serve government-sponsored programs such as Medicaid and Medicare are among our valued customers.
For more information visit versanthealth.com.
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SOURCE Versant Health | https://www.wibw.com/prnewswire/2022/06/13/interest-vision-benefits-rise-led-by-virtual-eye-care-options-finds-third-annual-vision-wellness-study/ | 2022-06-13T17:21:48Z |
Freezing overnight lows; chance of showers for Friday
FREEZE WARNING IN EFFECT FROM 3 AM TO 9 AM FRIDAY:
- WHAT…For the Freeze Warning, sub-freezing temperatures as low as 29 expected.
- WHERE…The Snake Plain, Arco Desert and Shoshone/Lava Beds including the cities of Shoshone, Richfield, Carey, Mud Lake, INL, Craters of the Moon NM, Idaho Falls, Rexburg, St. Anthony, Pocatello, Blackfoot, American Falls, Shelley, and Fort Hall.
- WHEN…For the Freeze Warning, from 3 AM to 9 AM MDT Friday.
- IMPACTS.. Frost and freeze conditions will kill crops, other sensitive vegetation and possibly damage unprotected outdoor plumbing.
PRECAUTIONARY/PREPAREDNESS ACTIONS…
Use extra caution when driving, especially if operating a high profile vehicle. Secure outdoor objects.
Take steps now to protect tender plants from the cold. To prevent freezing and possible bursting of outdoor water pipes they should be wrapped, drained, or allowed to drip slowly. Those that have in-ground sprinkler systems should drain them and cover above-ground pipes to protect them from freezing.
OVERNIGHT: Mostly cloudy, with a low into the lower 30's. Windy, with a north northwest wind 15 to 25 mph, gusts as high as 35 mph.
FRIDAY: Mostly to partly cloudy with a chance of rain with highs into the mid to upper 50's, Winds at 15-35 MPH.
SATURDAY: Sunny, with a high into the lower 60's, lighter winds at 5-10 MPH. | https://localnews8.com/weather/local-forecast/2022/05/19/freezing-overnight-lows-chance-of-showers-for-friday/ | 2022-05-19T23:38:08Z |
LAS VEGAS, June 1, 2022 /PRNewswire/ -- Nitches Inc., (NICH) (the "Company") which blends high-tech with high-end fashion to create exclusive clothing lines and NFTs, today released designs of its exclusive Miles Davis streetwear items that were created with renowned multimedia artist VooDo Fé. The clothing captures the essence of one of the most gifted and innovative artists, who continues to impact music today. Nitches and Voodo Fé will also bring the genius of Miles Davis to the metaverse by developing a comprehensive NFT (non-fungible token) strategy.
The Miles Davis family granted VooDo Fé a licensing agreement to use his image. Voodo Fé has produced more than 8,000 original pieces in visual art, music, fashion design, graphic design and other products. He has worked with well-known brands like Calvin Klein, DKNY, NFL and NBA.
"To reach Miles Davis' enormous and diverse fan base, we wanted to use technology to help tell his story," said John Morgan, Nitches' CEO. "We plan to build a digital community that is dedicated to celebrating his life, as well as create unique NFTs that can be sold as digital collectibles and art."
NFTs are unique digital assets that can be owned, sold and traded using blockchain technology. The digital community will provide members with unique access to NFTs, online games and perks, such as airdrops (free cryptocurrency).
"I am so grateful to have the opportunity to create not only an unforgettable clothing collection, but also a digital NFT collection through Nitches that keeps Miles Davis' memory alive for generations of fans," said Voodo Fé, artist and collection designer. "I cannot wait to see my designs on the streets and in the metaverse."
About Nitches Corporation
Nitches is a diversified technology and exclusive clothing company that blends high-tech with high-end fashion to design luxury clothing items and NFTs. We specialize in creating limited-edition athleisure and streetwear apparel and accessories that are sustainable, authentic and exclusive. We collaborate with fashion-forward influencers and celebrities to create capsule collections that reflect their vision and brand. We develop innovative technology to protect our intellectual property and prevent counterfeiting. Nitches strives for creativity, excellence and value in all that we do for our collaborators, customers and stakeholders.
Forward Looking Statements:This press release contains forward-looking statements. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Factors or events that could cause our actual results to differ may emerge, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
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SOURCE Nitches Inc. | https://www.kxii.com/prnewswire/2022/06/01/nitches-artist-voodo-f-honor-legacy-miles-davis-with-exclusive-clothing-designs/ | 2022-06-01T12:06:42Z |
Sweden’s Ericsson gives Ganassi another Indy 500 victory
By JENNA FRYER
AP Auto Racing Writer
INDIANAPOLIS (AP) — Marcus Ericsson, once a Formula One backmarker, is now an IndyCar frontrunner.
And an Indianapolis 500 champion.
Ericsson became the second Swede to win the Indy 500 on Sunday when he held off some of the biggest names in North American auto racing in front of the largest crowd of his life.
“It’s the biggest race in the world,” said Ericsson, who called it his biggest victory “by a million miles.”
The 31-year-old showed up in IndyCar something of a mystery in 2019 following five unremarkable seasons in Formula One. He’d worked his entire life to make it to the top level of motorsports then washed out winless — not even a single podium finish — over 97 starts.
He didn’t exactly dazzle in his first season in North America, either. Ericsson was cut loose from his first IndyCar team after just one year, then bought a seat at Chip Ganassi Racing — he made sure to note it when he said “winning the Indy 500, it’s not bad for a pay driver” — and has made steady strides in his 36 races with Ganassi since 2020.
“It’s been tough. I did five years in Formula One, almost a hundred grand prixs, running for small teams, towards the back most of it. You don’t get a lot of credit running in the back. People think you are not very good,” Ericsson said. “I came over here, and people probably didn’t think much of that. I had to work my way here as well, learning American racing.
“Moved here, put my whole life into trying to become an IndyCar and mainly Indianapolis 500 champion. It’s been not easy. It feels good to show that hard works pay off.”
Ericsson took control of the race late — largely because of teammate Scott Dixon’s speeding penalty — and had the win in reach until a crash by Ganassi teammate Jimmie Johnson with four laps remaining brought out a rare red-flag stoppage at Indianapolis Motor Speedway.
IndyCar is among the purest forms of motorsports and rarely throws artificial cautions or issues stoppages that might change the outcome. But the crowd of more than 300,000 — only a few thousand shy of a sellout and the largest sporting event since the start of the pandemic — roared when IndyCar called the cars to pit road.
The stoppage gave Pato O’Ward and the rest of the challengers almost 12 minutes on pit road to strategize how to pass Ericsson. Ericsson was agonizing his own plans.
“Those 10 minutes sitting there in the pit lane during that red flag was some of the hardest 10 minutes of my life,” he said, “thinking what to do, thinking that I’m leading the biggest race in the world, and I’m that close to win it.”
There were two laps remaining when the race resumed and Ericsson got the jump on O’Ward. The Mexican got one final look for the lead that Ericsson defended and O’Ward knew not to force the issue.
“Nah, he was going to put me in the wall if I had gone for it,” O’Ward said.
Sage Karam crashed and brought out another caution on the final lap, allowing Ericsson to coast to the victory podium under yellow. Karam was transported to a hospital for evaluation of muscular soreness.
“When that caution came out, I thought it was going to be another restart. I was like, ‘I can’t believe it, another one,’” Ericsson said. “First I was angry, then I just realized that won me the race. It’s an explosion of emotions from that point.”
It was Ericsson’s third IndyCar victory in 52 starts. But he arrived in Indianapolis convinced he could win the 500 based in part to the work he’d put into learning ovals and a third-place finish at Texas Motor Speedway in the warm-up for “The Greatest Spectacle in Racing.”
It is the fifth Indy 500 win for team owner Chip Ganassi, who caught a ride to the podium on the side of Ericsson’s car. Ericsson is the first Swede to win the Indy 500 since Kenny Brack in 1999 and the second in 106 runnings of the race.
Ericsson poured his jug of milk all over his face, then handed the bottle to Ganassi so the boss could take his own swig. Ganassi had not won the 500 in 10 years and sent five legitimate contenders to Indy to end the drought.
The win seemed to belong to Dixon, the six-time IndyCar champion who went more than 234 mph in qualifying to win the pole. The New Zealander led 95 of the 200 laps, and his Honda was easily the fastest in the field — so fast that Dixon didn’t slow down enough on his final pit stop.
The penalty took Dixon out of contention for the win.
That left Ericsson and Tony Kanaan still in the mix for Ganassi. Kanaan, at 47 the oldest driver in the field, thought he was in perfect position sitting fourth on the restart.
O’Ward wouldn’t relent, though. He signed a contract extension with Arrow McLaren SP on Friday and desperately wanted the win to celebrate his status as McLaren’s star. But O’Ward finished second, falling just short as he tried to give Mexico a banner celebration on the biggest day in motorsports; Sergio Perez opened Sunday with a win in the Monaco Grand Prix.
Kanaan was third, followed by Felix Rosenqvist, another Swede, who drives for McLaren. Rosenqvist is in a contract year with McLaren and fighting for his job, but the McLaren group carried the Chevrolet banner at Indy as Juan Pablo Montoya finished 11th.
American drivers Alexander Rossi and Conor Daly finished fifth and sixth, Rossi for Andretti Autosport and Daly for Ed Carpenter Racing.
Helio Castroneves, last year’s winner, finished seventh and one spot ahead of Meyer Shank Racing teammate Simon Pagenaud. Reigning IndyCar champion Alex Palou finished 10th in another Ganassi entry.
Dixon faded to 21st after the speeding penalty, and although he visited Ericsson on the victory podium, he was consoled by his wife on pit road after the race. Johnson finished 28th in his Indy 500 debut.
“It’s one team, everybody roots for everybody else, everybody works together and everybody is an open book,” Ganassi said. “You’re going to have things happen in these 500-mile races and they’re not always going to fall your way. So, you know, we were lucky to have five good cars and five good drivers.”
___
More AP Indy 500 coverage: https://apnews.com/hub/indianapolis-500 and https://twitter.com/AP_Sports | https://localnews8.com/news/2022/05/29/swiss-kiss-ericsson-gives-ganassi-another-indy-500-victory/ | 2022-05-30T00:49:02Z |
LAVAL, QC, Sept. 9, 2022 /PRNewswire/ -- Bausch Health Companies Inc. (NYSE/TSX: BHC) ("the Company"), and its gastroenterology business Salix Pharmaceuticals, today responded to the U.S. Food and Drug Administration's (FDA) tentative approval of the Norwich Pharmaceuticals rifaximin 200 mg product.
The Company understands this was a Paragraph III filing. A Paragraph III filing is made when an Abbreviated New Drug Application (ANDA) applicant does not intend to market its generic product until the patent expiration. The FDA will therefore not grant full approval until the expiry of the last of the Company's Orange Book listed patents for the XIFAXAN® (rifaximin) 200 mg product on July 24, 2029.
XIFAXAN 200 mg is indicated for travelers' diarrhea and currently contributes less than 1 percent of Salix revenues.
XIFAXAN (rifaximin) 200 mg tablets are indicated for travelers' diarrhea.
XIFAXAN (rifaximin) 550 mg tablets are indicated for the reduction in risk of overt hepatic encephalopathy (HE) recurrence in adults and for the treatment of irritable bowel syndrome with diarrhea (IBS-D) in adults.
Salix Pharmaceuticals is one of the largest specialty pharmaceutical companies in the world committed to the prevention and treatment of gastrointestinal diseases. For more than 30 years, Salix has licensed, developed and marketed innovative products to improve patients' lives and arm health care providers with life-changing solutions for many chronic and debilitating conditions. Salix currently markets its product line to U.S. health care providers through an expanded sales force that focuses on gastroenterology, hepatology, pain specialists and primary care. Salix is headquartered in Bridgewater, New Jersey. For more information about Salix, visit www.Salix.com and connect with us on Twitter and LinkedIn.
Bausch Health Companies Inc. (NYSE/TSX: BHC) is a global diversified pharmaceutical company whose mission is to improve people's lives with our health care products. We develop, manufacture and market a range of products primarily in gastroenterology, hepatology, neurology, dermatology, international pharmaceuticals and eye health, through our approximately 90% ownership of Bausch + Lomb Corporation. With our leading durable brands, we are delivering on our commitments as we build an innovative company dedicated to advancing global health. For more information, visit www.bauschhealth.com and connect with us on Twitter and LinkedIn.
This news release may contain forward-looking statements about the future performance of Bausch Health, which may generally be identified by the use of the words "anticipates," "hopes," "expects," "intends," "plans," "should," "could," "would," "may," "believes," "subject to" and variations or similar expressions, including statements about the Company's intentions to file an appeal with respect to, and take actions to vigorously defend, its intellectual property. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, Bausch Health can offer no assurance as to the timing of any approval by the FDA of any ANDA or amended ANDA and as to the outcome of any appeal. Actual results are subject to other risks and uncertainties that relate more broadly to Bausch Health's overall business, including those more fully described in Bausch Health's most recent annual report on Form 10-K and detailed from time to time in Bausch Health's other filings with the U.S. Securities and Exchange Commission and the Canadian securities administrators, which factors are incorporated herein by reference.
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SOURCE Bausch Health Companies Inc. | https://www.kxii.com/prnewswire/2022/09/09/bausch-health-responds-norwich-pharmaceuticals-tentative-fda-approval-200-mg-rifaximin/ | 2022-09-09T12:33:58Z |
CBM Responds to Critical Lack of Cell Therapy Manufacturing Supply by Adding Capacity for More than 10,000 Patients
KING OF PRUSSIA, Pa., June 14, 2022 /PRNewswire/ -- The Center for Breakthrough Medicines (CBM) in partnership with the Discovery Labs announced today the acceleration of plans to build capacity to manufacture more than 10,000 patient therapies in direct response to the critical shortage of cell therapy supply, which will help patients win their courageous battles against cancer.
"We are acutely aware of the importance of getting these lifesaving therapies to patients immediately," said Joerg Ahlgrimm, Chief Executive Officer of Center for Breakthrough Medicines. "We share their race against time and apply extreme urgency to everything we do. There is a critical shortage of cell therapy manufacturing in the world forcing doctors to make heartbreaking decisions resulting in patient deaths that could be avoided. We focus every day on our patients and their families, so the intense urgency of our mission is never compromised."
Planning has begun on a massive expansion of CBM's cell therapy manufacturing suites and supporting infrastructure which when completed will have the ability to produce treatments for more than 10,000 patients per year, the largest in the world. While a final cost has yet to be determined, the expansion is expected to cost hundreds of millions of dollars over the coming years.
CBM is currently providing process development, analytical development and testing capabilities with extensive viral vector, cell therapy and plasmid DNA manufacturing coming online monthly.
"Everyone at CBM works to save lives. This decision not only provides critically needed manufacturing capacity but also emphasizes CBM's unwavering commitment to deliver advanced therapies for patients in need," said John Lee, Vice President and Head of Cell Therapy at CBM. "CBM's steadfast commitment to the patient is underscored by this decision."
CBM's facility will manufacture cell therapies across indications including oncology immunotherapies and regenerative medicine applications. The state-of-the-art facilities will be forward engineered with modular designs to adapt an array of cell types, manufacturing processes, and capacity demands to maximize efficiency while minimizing costs. To further enable next-generation cell therapies, the CBM team will implement rapid autologous manufacturing, high-fidelity gene-editing capabilities, and fully automated processes prior to the facility coming online.
CBM is working with multiple academic institutions and innovator companies to advance these critical modalities, lower cost, shorten timelines and scale manufacturing of approved therapies so that all patients can receive treatment.
About The Center for Breakthrough Medicines
CBM is a cell and gene therapy contract development and manufacturing organization (CDMO) based in the heart of Philadelphia's Cellicon Valley. CBM offers pre-clinical through commercial manufacturing capabilities including process development, plasmid DNA, viral vector manufacturing, cell banking, cell processing, and a full suite of complimentary testing and analytical capabilities. Through a single-source, end-to-end solution, CBM accelerates time to market without compromising quality.
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SOURCE Center for Breakthrough Medicines | https://www.wibw.com/prnewswire/2022/06/14/center-breakthrough-medicines-accelerates-plans-build-largest-cell-therapy-manufacturing-operation-world/ | 2022-06-14T17:50:26Z |
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