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LOS ANGELES, Sept. 16, 2022 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA).
Class Period: March 2021 IPO
Lead Plaintiff Deadline: October 11, 2022
If you wish to serve as lead plaintiff of the Tuya lawsuit, you can submit your contact information at www.glancylaw.com/cases/tuya-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors: (1) that a material portion of Tuya's China-based customers were engaged in the widespread and systematic manipulation of reviews and product offerings in violation of Amazon.com's terms of use; (2) that, prior to the IPO, a consumer investigation and data breach had exposed an illicit fake review scheme being perpetrated by many of Tuya's clients, among others, which included, inter alia, the exposure of 13 million records of organized fake review scams linked to over 200,000 Amazon account profiles; (3) that, as a result of above, there was a substantial risk that a material portion of Tuya's significant customers would be barred from using Amazon.com's platform, negatively impacting Tuya's business, revenue, earnings, and prospects; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
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To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
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SOURCE Glancy Prongay & Murray LLP | https://www.wibw.com/prnewswire/2022/09/16/tuya-investors-have-opportunity-lead-tuya-inc-securities-fraud-lawsuit/ | 2022-09-16T18:45:38Z |
SANTA FE, N.M., June 1, 2022 /PRNewswire/ -- Thornburg Income Builder Opportunities Trust (the "Trust") (NASDAQ: TBLD) today announced a monthly distribution of $0.10417 per share on the Trust's common shares, payable on June 21, 2022 to common shareholders of record as of June 13, 2022.
The Trust's monthly distributions are shown below:
Distribution rates are not performance and are calculated by summing the Trust's monthly distribution per share over four quarters and dividing by the net asset value or market price per share, as applicable, as of the distribution announcement date. Distributions on common shares are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital. The Trust's distribution payable on June 21, 2022, does not include a return of capital but includes short-term capital gains in the amount of $0.08329. The specific tax characteristics of the distributions will be reported to the Trust's common shareholders on Form 1099 after the end of the 2022 calendar year. The final determination for all distributions paid in 2022 will be made in early 2023 and reported to you on Form 1099-DIV. You should not use this notice as a substitute for your 1099-DIV.
Shareholders should not assume that the source of a distribution from the Trust is net income or profit. A distribution comprised in whole or in part by a return of capital does not necessarily reflect the Trust's investment performance and should not be confused with "yield" or "income." Future distributions may consist of a return of capital. For further information regarding the Trust's distributions, please visit www.thornburg.com/tbld-distributions.
The Trust's investment objective is to provide current income and additional total return. The Trust seeks to achieve its objective by investing, directly or indirectly, at least 80% of its managed assets in a broad range of income-producing securities. The Trust invests in both equity and debt securities of companies located in the United States and around the globe. The Trust may invest in non-U.S. domiciled companies, including up to 20% of its managed assets at the time of investment in equity and debt securities of emerging market companies.
As a registered investment company, the Trust is subject to a 4% excise tax that is imposed if the Trust does not distribute to common shareholders by the end of any calendar year at least the sum of (i) 98% of its ordinary income (not taking into account any capital gain or loss) for the calendar year and (ii) 98.2% of its capital gain in excess of its capital loss (adjusted for certain ordinary losses) for a one-year period generally ending on October 31 of the calendar year (unless an election is made to use the Trust's fiscal year). In certain circumstances, the Trust may elect to retain income or capital gain to the extent that the Board of Trustees, in consultation with Trust management, determines it to be in the interest of shareholders to do so.
The common share distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period. As a result, all or a portion of a distribution may be a return of capital, which is in effect a partial return of the amount a common shareholder invested in the Trust, up to the amount of the common shareholder's tax basis in their common shares, which would reduce such tax basis. Although a return of capital may not be taxable, it will generally increase the common shareholder's potential gain, or reduce the common shareholder's potential loss, on any subsequent sale or other disposition of common shares.
About Thornburg
Thornburg is a global investment firm delivering on strategy for institutions, financial professionals and investors worldwide. The privately held firm, founded in 1982, is an active, high-conviction manager of fixed income, equities, multi-asset solutions and sustainable investments. With $44 billion1 in client assets as of April 30, 2022, the firm offers mutual funds, closed-end funds, institutional accounts, separate accounts for high-net-worth investors and UCITS funds for non-U.S. investors.
As an independent firm, Thornburg can take on a wide range of opportunities, explore ideas thoroughly and work across strategies to deliver consistent risk-adjusted outperformance over the long term. The firm attracts free-thinking professionals who are eager to pursue investment outcomes beyond the confines of popular wisdom. From nimble operational capabilities to principles and actions fitting of a global citizen, Thornburg's world-class investment platform and team are aligned on strategy to serve investors.
Thornburg's U.S. headquarters is in Santa Fe, New Mexico with offices in London, Hong Kong and Shanghai. For more information, visit www.thornburg.com or call 877 215 1330.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any offer, solicitation or sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. A registration statement relating to these securities has been filed with and declared effective by the U.S. Securities and Exchange Commission.
Before investing, carefully consider the Trust's investment goals, risks, charges, and expenses. For a prospectus or summary prospectus containing this and other information, contact your financial advisor, visit www.thornburg.com/tbld, or call 877 215 1330. Read them carefully before investing.
Certain statements in this press release constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Trust, or industry results, to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. As a result, no assurance can be given as to future results, levels of activity, performance or achievements, and neither the Trust nor any other person assumes responsibility for the accuracy and completeness of such statements in the future.
Risk is inherent in all investing. There can be no assurance that the Trust will achieve its investment objective, and you could lose some or all of your investment.
NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE
Thornburg Securities Corporation, Distributor
Media Inquiries
Michael Corrao
Director of Global Communications
Thornburg Investment Management
Tel: +1 505 467 5345
Email: mcorrao@thornburg.com
1 Includes $42 billion in assets under management and $2 billion in assets under advisement as of April 30, 2022.
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SOURCE Thornburg Investment Management | https://www.wibw.com/prnewswire/2022/06/01/thornburg-income-builder-opportunities-trust-announces-distribution/ | 2022-06-01T20:29:13Z |
Yinyi Co. (listed company), and ARC Board of Directors defining a new leadership path and culture for global inflator technology engineering and manufacturing supplier
NINGBO, China, May 13, 2022 /PRNewswire/ -- ARC Automotive, Inc., a leading global provider of automotive safety system technology, today announced that Alex Qin has been named as acting President and CEO. Previous President and CEO Michael E. Goodin has left the company, effective immediately.
Alex Qin, most recently served as ARC's Executive Vice President, focused on strategic planning projects and initiatives. He has over fifteen years of senior leadership experience with ARC, GE-Energy, and Phoenix International. Qin has served in leadership roles of increasing responsibility—Compliance Leader, Business Development Director, General Manager for Global Parts & Services and Chief Financial Officer. Alex has a Bachelor's degree and Master's degree in Finance & Accounting from Fudan University.
"We are confident that Alex, the ARC Leadership Team and ARC's talented employees will drive revenue growth and profitability, will expand our product portfolio through innovation, and will achieve operational excellence through an optimized manufacturing footprint. We believe the future is bright at ARC and look forward to the company's achievements and accomplishments," said Zhang Yuming ARC Automotive, Inc. Chairman of the Board.
About ARC Automotive, Inc.
ARC Automotive, Inc. is a global engineering and manufacturing leader in automotive safety system technologies. ARC produces a full complement of inflators for automotive airbag applications (driver, passenger, side, head, knee, seat, seatbelt, and curtain). With nearly 70 years of design expertise in inflator technology, the organization is committed to providing customers with innovative, high quality products and services.
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SOURCE ARC Automotive, Inc. | https://www.mysuncoast.com/prnewswire/2022/05/13/arc-automotive-announces-alex-qin-acting-president-ceo/ | 2022-05-13T16:33:23Z |
- The Advanced Technology Partner Status reduces complexity to adopt digital practices and confidence of integration for our shared public sector customers
- Three Cardinality.ai solutions for public sector digital modernization earn inclusion in AWS Marketplace
GAITHERSBURG, Md., Aug. 16, 2022 /PRNewswire/ -- Cardinality.ai, a data technology company helping government agencies achieve better outcomes through data-driven automation, artificial intelligence (AI), and built-for-purpose solutions, today announced its membership in the Amazon Web Services (AWS) Partner Network (APN). APN is a global community of Partners who leverage AWS to build solutions and services for customers.
Cardinality's suite of solutions was built specifically for workforce, health, and human services leveraging modern integration and interoperability utilities for government environments, engineered on a Low-Code platform, so that government agencies can modernize existing systems up to 50% faster than other platforms and custom or unproven solutions.
Thiag Loganathan, Cardinality's Co-founder and CEO shared, "Cardinality.ai is proud to join the AWS Partner Network, a reinforcement of our commitment to best practices for security, compliance, and operational excellence. With our SaaS products on AWS, securing this status is a notable milestone as this reduces complexity to adopt digital practices and enables better time to market with a secure environment for our customers."
Cardinality.ai has several solutions listed and available for procurement from March 2022 in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on AWS:
- Medicaid Provider Management System
Medicaid Provider Management System from Cardinality.ai, is a self-service solution, distinctly serving the enrollment and revalidation process requirements of Healthcare Providers and the State Medical Agencies. The solution seamlessly performs the functions of Provider Enrollment, Management and Credentialing, while ensuring compliance with the different State and Federal policies. The highly modular componentry of the solution, aligns with business needs, program integrity and customer service.
For more information, click here
- Citizen 360 CRM
Cardinality.ai Citizen 360 CRM is an AI-driven CRM solution for government agencies that is capable of capturing, tracking all activities and operations of the Citizen Service Center (CSC). It provides a 360 view of the customer- and AI-powered recommendations by analyzing their demographics, programs and service interactions data. It enables Citizen Service Representatives to deliver personalized experiences to citizens and drive faster outcomes.
For more information, click here
- Training & Certification System
AI-powered cloud-based system built on a responsive, federated & secure cloud based architecture that is purpose built to address training and skill assessment requirements of case workers and citizens through a variety of options such as in-person training, virtual and interactive e-learning modules.
For more information, click here
About Cardinality.ai
Cardinality.ai is a data technology company helping government agencies achieve better citizen outcomes by eliminating friction and improving the experience of citizens and government workers using Artificial Intelligence (AI) SaaS Solutions.
Founded in 2017 by four accomplished entrepreneurs and led by a team of successful business, technical and SLED executives, the company has one goal: impact a billion lives. And it's already on its way—Cardinality.ai solutions are being used by thousands of case workers in multiple agencies in several states. The company's suite of solutions are built specifically for workforce, health, and human services to allow for rapid implementation, lower cost of operations, and higher rates of impact. The solutions leverage a utility-grade low-code platform called Personalized Integrated Citizen Services (PICS) that provides the functionality essential for integration and interoperability. As a result,agencies can modernize through modular solutions or comprehensive program deployments that occur up to 50% faster than custom or unproven solutions.
Cardinality.ai has been recognized as a GovTech 100 company in 2020, 2021, and 2022 and as the SaaSBOOMi vertical SaaS startup of 2020. For more information, please visit www.cardinality.ai.
Media Contact
Erin Yeazell
513-560-5560
erin@cardinality.ai
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SOURCE Cardinality.ai | https://www.wibw.com/prnewswire/2022/08/16/cardinalityai-joins-aws-partner-network/ | 2022-08-16T19:20:08Z |
ATLANTA, June 14, 2022 /PRNewswire/ -- Capstone, based in Charlotte, NC, is pleased to announce managing directors Jake Reid and Chad DeFoor have joined the firm's office in Atlanta, GA. Reid and DeFoor join current senior advisor, Tyler Hogan, and are further strengthened by the skills and expertise of transaction manager, Jennifer Taylor, and investment analyst, Brady Holcomb.
As managing director, Reid will lead the Atlanta office and continue the team's track record of success across the Southeast. During his 21-year career, Reid has represented clients in the dispositions and acquisitions of more than $2 billion in multifamily assets. Through the Capstone multifamily platform, Jake can represent owners in a client centric atmosphere which has quickly grown to the #1 privately owned multifamily brokerage nationwide.
After 9 years in multifamily brokerage at Marcus & Millichap he spent the following 12 years at Franklin Street in which he earned Top Producer in the Atlanta office for multiple years. Before his career in investment sales, Jake gained valuable experience in apartment management with LIT Properties based in Midtown Atlanta. In addition to existing multifamily sales, he has unique experience with the marketing of suburban land, urban infill, and adaptive reuse properties.
DeFoor specializes in the listing and sale of Class B and C assets for private and regional investors. He has sold over 35,000 apartment units, with a value more than $2.5 billion since 2011. Mr. DeFoor has over 21 years of experience in multifamily asset management, acquisitions, dispositions, and brokerage with an emphasis on Class B and C workforce housing. Prior to joining the Capstone team, he served as a Senior director of multifamily sales at Franklin Street's Atlanta office.
Capstone CEO, Mike Mosher, said: "We are thrilled to have Jake and Chad join Capstone, and we know their experience will only strengthen our ability to best serve our clients in Atlanta. Their incredible achievements in multifamily sales, entrepreneurial spirt, and drive is a perfect fit with Capstone's culture, and we look forward to seeing what they accomplish in the future."
Established in 2008, Capstone has completed transactions nationwide totaling more than $10B in sales volume. Capstone's clientele ranges across the private, public, institutional, and non-profit sectors and diverse multi-housing expertise includes conventional apartments, student housing, affordable housing, manufactured housing, multi-housing development sites, and capital placement.
The combination of Capstone's various service lines with this dynamic, experienced team in the firm's Atlanta office will only solidify Capstone's industry position as one of the nation's fastest growing multi-housing investment sales firms.
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SOURCE Capstone Companies | https://www.mysuncoast.com/prnewswire/2022/06/14/capstone-hires-veteran-brokers-atlanta-with-45b-sales-volume-40-years-experience/ | 2022-06-14T19:33:41Z |
BIRMINGHAM, Ala., July 22, 2022 /PRNewswire/ -- Dakota Lithium, a U.S. battery manufacturer founded in 2008, has signed a three-year partnership with B.A.S.S. as a premier sponsor of the Bassmaster Tournament Trail and the Official Lithium Battery of Bassmaster through 2025.
"Here at Dakota Lithium, we are proud to be partnering with Bassmaster as the first Official Lithium Battery. Dakota Lithium is the top battery choice of professional anglers. Partnering with the leading professional fishing tournament series just made sense. We are looking forward to joining the elite brands that are supporting the future of fishing," said Dakota Lithium CEO Andrew A. Jay.
Dakota Lithium already works with multiple current Bassmaster Elite Series pro anglers. Two-time Bassmaster Classic champion Hank Cherry, Greg DiPalma, Austin Felix, Marc Frazier, Brock Mosley, Chad Pipkens, Tyler Rivet, Matt Robertson and Kyle Welcher are all part of the Dakota Lithium pro staff.
"I was the first Bassmaster Elite angler to use Dakota Lithium batteries and have been on the team from the beginning," said Mosley, who has notched five Top 10 Elite finishes in the past two seasons. "It is truly amazing to see how far they have come and to see them sponsor the 2023 Bassmaster season."
Fellow Elite pro Matt Robertson echoed that enthusiasm for the partnership.
"When you combine the best lithium battery and the best fishing organization, you get Dakota Lithium and Bassmaster," said Robertson, who has claimed two Top 10s this season. "Like Bassmaster, Dakota Lithium is the highest quality, longest lasting battery on the market. Nothing makes more sense than Dakota Lithium becoming the first Official Lithium Battery of Bassmaster."
Dakota Lithium will be a premier sponsor for the Academy Sports + Outdoors Bassmaster Classic presented by Huk, Bassmaster Elite Series, St. Croix Bassmaster Opens Series presented by Mossy Oak Fishing, Strike King Bassmaster College Series presented by Bass Pro Shops, Abu Garcia Bassmaster High School Series presented by Academy Sports + Outdoors, Bass Pro Shops Bassmaster Team Championship and the grass-roots TNT Fireworks B.A.S.S. Nation regional and championship tournaments.
In addition to their tournament sponsorship, Dakota Lithium will be highlighted during Bassmaster LIVE, which is streamed on Bassmaster.com and broadcast Saturday and Sunday mornings on the FOX Sports platforms, and will enjoy exposure in Bassmaster and B.A.S.S. Times magazines and across various industry-leading social media platforms.
Lithium batteries have become an industry standard for competitive fishing, providing twice the usable power at half the weight of traditional batteries. In a quickly growing market, Dakota Lithium has become the brand of choice for professional athletes, primarily due to Dakota Lithium's performance, reliability, lifespan and best-in-class 11-year warranty.
"This new partnership with Bassmaster and Dakota Lithium shows how Dakota Lithium has become the go-to battery in the marine industry, and partnering with Bassmaster is the next step in continuing that dominance," said Craig Storms, Dakota Lithium national sales representative and pro staff manager.
"We are proud to welcome Dakota Lithium as a new premier partner and look forward to connecting them with anglers and Bassmaster fans," said B.A.S.S. CEO Chase Anderson. "Dakota Lithium already works alongside so many anglers at all levels, and we are excited to introduce their long-lasting batteries to our passionate fans over the next several years."
Founded in 2008 in Grand Forks, North Dakota, by two pilots and a chemical engineer, Dakota Lithium is the leading consumer lithium battery brand in the US and Canada. Built on a culture of relentless improvement and reliability, Dakota Lithium batteries have twice the power, half the weight, and 5X the lifespan of traditional batteries. Backed up by DL's best-in-class 11-year warranty.
Here at Dakota Lithium, we believe that quality makes the difference. And that quality is measured by lifespan – how long a battery lasts. That's why we focus on building batteries that last a long, long time. By harnessing a unique chemistry and our engineering know-how, Dakota Lithium lasts 5-10x longer than traditional batteries, providing lasting value for our customers and reducing e-waste and the impact on our planet.
B.A.S.S., which encompasses the Bassmaster tournament leagues, events and media platforms, is the worldwide authority on bass fishing and keeper of the culture of the sport, providing cutting edge content on bass fishing whenever, wherever and however bass fishing fans want to use it. Headquartered in Birmingham, Ala., the 515,000-member organization's fully integrated media platforms include the industry's leading magazines (Bassmaster and B.A.S.S. Times), website (Bassmaster.com), TV show, radio show, social media programs and events. For more than 50 years, B.A.S.S. has been dedicated to access, conservation and youth fishing.
The Bassmaster Tournament Trail includes the most prestigious events at each level of competition, including the Bassmaster Elite Series, St. Croix Bassmaster Opens Series presented by Mossy Oak Fishing, TNT Fireworks B.A.S.S. Nation Series, Strike King Bassmaster College Series presented by Bass Pro Shops, Abu Garcia Bassmaster High School Series presented by Academy Sports + Outdoors, Bass Pro Shops Bassmaster Team Championship, Yamaha Rightwaters Bassmaster Kayak Series powered by TourneyX, Yamaha Bassmaster Redfish Cup Championship presented by Skeeter and the ultimate celebration of competitive fishing, the Academy Sports + Outdoors Bassmaster Classic presented by Huk.
Media Contacts: Emily Harley, B.A.S.S. Communications Manager, 205-313-0945 (o), 205-253-1114 (c), eharley@bassmaster.com
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SOURCE B.A.S.S. | https://www.kxii.com/prnewswire/2022/07/21/dakota-lithium-selected-official-lithium-battery-bassmaster-inks-multiyear-deal-bassmaster-premier-sponsor/ | 2022-07-22T01:01:22Z |
Tiger Woods intends to play in the Masters and thinks he can win
By Ben Morse, Wayne Sterling and Ray Sanchez, CNN
Tiger Woods says “as of right now I feel like I am going to play” in the Masters — and he thinks he can win it.
“I don’t have any qualms about what I can do physically from a golf standpoint,” he said Tuesday at a news conference on the 25th anniversary of his historic victory at the 1997 Masters, responding to a question about whether he can win the tournament.
Woods is scheduled to tee off for the first round at the 2022 Masters in Augusta, Georgia, at 10:34 a.m. ET Thursday morning.
The 15-time major champion has been away from competitive golf for over a year, having suffered serious leg injuries in a car crash in February 2021.
“As of right now, I feel like I am going to play,” Woods said, ending weeks of speculation. “As of right now.”
Woods, 46, had been spotted playing a few practice rounds at Augusta National, including one on Monday, which fueled rumors of a comeback.
“I’ve worked hard,” Woods said. “My team has been unbelievable. I’ve been lucky to have had great surgeons and great PTs and physios that have worked on me virtually every day. And we’ve worked hard to get to this point … It’s been a tough, tough year.”
Woods is grouped with South Africa’s Louis Oosthuizen and Joaquin Niemann of Chile. They’re scheduled to tee off the second round at 1:41 p.m. ET on Friday.
His dramatic return comes 25 years after the 1997 Masters, the first of his 15 championships. Woods was only 21 when he transformed the game — and his life — by becoming the first nonwhite golfer to win the sports most storied tournament.
Woods said it is “hard to believe it’s been 25 years.”
“It’s great to be back and be able to feel the energy and the excitement of the patrons again.”
“Very, very thankful,” Woods said when asked by CNN’s Patrick Snell what words would he choose to reflect on the last 14 months.
“Thankful for just everyone’s support. Everyone who has been involved in my process of the work I’ve put in each and every day. The people I work with, my whole team… All the support from the players out here.”
Getting this far, he said, was a success in itself.
“Now everything is focused on how do I get myself into the position where I’m on that back nine on Sunday with a chance” to win again, Woods added.
“When I decide to hang it up, when I feel like I can’t win anymore, then that will be it,” he said. “But I feel like I can still do it, and I feel like I still have the hands to do it, the body’s moving good enough.”
‘Everybody needs him’
One of his playing partners seemed certain of what will happen on Thursday.
“It’s not shocking because he’s the greatest player to ever play,” Fred Couples told reporters before Woods’ announcement.
“If he can walk around here in 72 holes, he’ll contend. He’s too good.”
And 2021 FedEx Cup champion Patrick Cantlay says Woods’ return is the “greatest thing” for golf.
“He’s a good example of life’s not always perfect, and so it’s really exciting to see him on his highs,” he told the media.
“And so I hope that he is able to tee it up this week and play well, and obviously that’s the greatest thing for our sport. There’s definitely a different feel in tournaments that he tees it up in.”
In the car crash last year in Los Angeles, Woods suffered comminuted open fractures that affected his right tibia and fibula, which are the two long bones directly under the knee.
He admitted in February this year that he was “frustrated” with his recovery and conceded he won’t be able to play a full PGA Tour schedule again.
Someone who knows a thing or two about coming back from serious injuries is four-time major winner Brooks Koepka.
The 31-year-old has had to endure his own share of injury concerns, missing sizable time over recent years due to surgery recovery and rehab.
And Koepka, who comes into the 2022 Masters as one of the favorites for the Green jacket, said he understands what Woods might be going through.
“I was in somewhat of his shoes trying last year two weeks after surgery. This place isn’t exactly an easy walk,” he told the media. “I understand what he’s up against. It’ll be difficult. But if anybody can do it, it’s him.”
Koepka added: “I’m happy he’s becoming healthier and able to play golf … we need him, the game needs him, everybody needs him, the fans need him, all that stuff. But at the end of the day everybody is just out here competing. I’m worried about myself and I’m sure everybody else is worried about themselves.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/sports/cnn-sports/2022/04/05/tiger-woods-intends-to-play-in-the-masters-and-thinks-he-can-win/ | 2022-04-05T19:02:34Z |
New Products Scheduled to Launch in November 2022
LYONS, Colo., July 25, 2022 /PRNewswire/ -- Leading all-natural body care company, Sierra Sage Herbs, makers of Green Goo®, Good Goo®, and Southern Butter® brands, announced today that it has secured a non-exclusive, private-label agreement with Health E-Commerce, parent brand to FSA Store, HSA Store, Well Deserved Health, and Caring Mill™ to produce its inaugural plant-based first-aid collection. As per the terms of the agreement, Sierra Sage Herbs will oversee and manage product development, supply chain, and production, while Health-E Commerce will make the collection available to the millions of consumers who are enrolled in tax-advantage health accounts.
The initial product offerings, which will be available in 1.82 oz. recyclable travel tins, include Burn Repair, First Aid, Pain Relief, Poison Ivy, and Tattoo Aftercare salves. The full, plant-based collection, which is also cruelty-free, will be offered as part of the Caring Mill product line. Health-E Commerce donates a portion of the proceeds from every Caring Mill purchase to Children's Health Fund.
More than 70 million Americans are enrolled in flexible spending accounts (FSAs) and health savings accounts (HSAs), which allow them to set aside pre-tax income to pay for qualified healthcare expenses, including products for everyday health and wellbeing. Health-E Commerce is the only family of online marketplaces that caters to this audience with exclusively eligible products, the industry's most comprehensive eligibility list, and educational tools and content.
"We're so proud to partner with the incredible team at Health-E Commerce to bring our plant-based first-aid collection to their customers," said Sierra Sage Herbs CEO and co-founder Jodi Scott. "As the leading online marketplace for FSA- and HSA-eligible products, Health-E Commerce is such an invaluable resource for individuals and families, and we couldn't be more excited to offer our all-natural first-aid solutions on their sites."
"Not only are FSA and HSA users invested in their health and wellbeing, but they have demonstrated a preference for all-natural products and for using their tax-free health funds to buy portable health products like first-aid treatments," said Susan Elliott-Bocassi, senior vice president of operations, Health-E Commerce. "We're excited to partner with a female-led company like Sierra Sage Herbs to bring consumers the best of both product categories with their all natural first-aid line."
The FSA Store plant-based first-aid collection is scheduled to launch in November 2022.
Committed to making the best all-natural, plant-based skincare products, Sierra Sage Herbs, now part of Creso Pharma, is on a mission to spread goodness, empower change, and redefine natural body care. Founded in 2008 by sisters Jodi and Jen Scott and their mother, Kathy Scott, the company's natural products brands, which are cruelty free and made in the USA, include Green Goo, Good Goo, and Southern Butter. These brands are sold across more than 100,000 points of distribution around the US, including Whole Foods, Walmart, Amazon, Target.com, CVS, Walgreen's, Rite Aid, Albertsons, and Kroger, among many others. A certified B Corp, Sierra Sage Herbs aligns and partners with charities, aid organizations, and causes both in the United States and around the world. To learn more, visit: www.sierrasageherbs.com.
Health-E Commerce is the parent brand to FSA Store, HSA Store, and WellDeservedHealth, a family of online marketplaces that serve the 70+ million consumers enrolled in pre-tax health and wellness accounts. The company also created Caring Mill, a popular private-label line of health products that benefits Children's Health Fund and enables customers to make a donation with each purchase. Since 2010, the Health-E Commerce brands have led the direct-to-consumer e-commerce market for exclusively pre-tax health and wellness benefits. Health-E Commerce plays an essential role in expanding product eligibility for important new categories within the list of eligible medical expenses.
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SOURCE Sierra Sage Herbs | https://www.kxii.com/prnewswire/2022/07/25/female-founded-sierra-sage-herbs-announces-private-label-agreement-with-health-e-commerce-produce-companys-inaugural-plant-based-first-aid-collection/ | 2022-07-25T14:32:54Z |
WAYNE, Pa., July 13, 2022 /PRNewswire/ -- Argosy Private Equity, a lower middle market private equity firm, today announced the sale of Linx Technologies to TE Connectivity.
Founded in 1997, Linx is a leading provider of wireless technology solutions to device manufacturers in the commercial, government, consumer, agricultural, and industrial segments. Linx is an antenna design and manufacturing company focused on serving original equipment manufacturers ("OEMs") that require wireless functionality for their products. The company's antennas are engineered for industrial, scientific and medical ("ISM"), Wi-Fi, cellular and global navigation satellite system ("GNSS") bands for numerous Internet of Things ("IoT") applications. Linx complements its antenna product lines with RF connectors, RF modules, remote controls and sub-GHz data modules.
Argosy acquired Linx in December 2015 and immediately began to implement its Value Acceleration Methodology ("VAM™"), partnering with the CEO, Tolga Latif, to further penetrate existing markets and expand into new industry verticals. These VAMTM initiatives allowed Linx to nearly quadruple EBITDA over our six-year hold period.
"Working collaboratively with the Linx Technologies team has been an exceptional experience. The team embraced Argosy's VAM™ tools, with particular impact coming from the strategy deployment and new product development areas. The entire team came to truly embody the company's mission and succeeded in delivering the right product, at the right price to become one of the top brands of antennas, connectors and related RF devices selling through distribution. Our journey with this exceptional team has exceeded all our expectations." said Steve Morgenthal, Managing Partner of Argosy Private Equity.
"Argosy Private Equity has been a true partner throughout their investment. Early in our partnership, the IOT market dynamics changed, and we implemented a strategic shift by developing a novel strategy using analytics to guide rapid product development. It is never easy telling your investors that the investment thesis needs to change. Argosy supported the team, while asking tough questions to help refine and develop the right strategy that ultimately led to our rapid growth and successful sale to TE Connectivity." said Tolga Latif, CEO of Linx Technologies.
Argosy Private Equity, founded in 1990, specializes in providing capital and operating and financial expertise to lower middle market companies across a broad range of industries. Argosy partners with motivated management teams investing in companies with sustainable competitive advantages and attractive growth prospects. Argosy Private Equity is a division of Argosy Capital Group, Inc. ("Argosy Capital") together with Argosy Real Estate Partners, Argosy Credit Partners, Argosy Strategic Partners and Argosy Healthcare Partners. Argosy Capital is an investment adviser with approximately $2.7 billion of assets under management. All of the Argosy Capital funds focus on lower middle market investment strategies.
For further information on Argosy Private Equity, please visit www.argosype.com.
Argosy Private Equity
Sarah Busch
sbusch@argosycapital.com
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SOURCE Argosy Private Equity | https://www.kxii.com/prnewswire/2022/07/13/argosy-private-equity-exits-linx-technologies/ | 2022-07-13T17:35:26Z |
FORT LAUDERDALE, Fla., July 25, 2022 /PRNewswire/ -- Forum Capital Advisors LLC, a Denver-based real estate investment and asset management firm, announced today that is has closed on approximately $66 million in senior and subordinated debt financing supporting the development of a to-be-built Class A, 252-unit multifamily building in Fort Lauderdale.
"Forum is excited to partner with Bank OZK for the construction debt on this extremely well located development in the rapidly growing Fort Lauderdale market," said Ross MacDonald, senior director with Forum Investment Group. "We are excited to continue our growth in the Florida market and look forward to future opportunities with this strong vertically integrated sponsor."
Once completed in 2024, Flagler Station will consist of 252 market rate units averaging 757 square feet. The 12-story podium mid-rise will feature community amenities such as a resort-style pool with an outdoor kitchen, an artificial turf dog park, and 2,087 square feet of ground-floor retail space.
Fort Lauderdale's population growth has been slow but steady over the last 10 years with job growth in the metro area up 6.1% in 2021, compared to the national average of 4.3%. Flagler Station is located in the trendy, downtown Flagler Village neighborhood, within walking distance of the local Winn-Dixie and numerous bars and restaurants.
Forum Investment Group* is an innovative asset management firm that provides access and expertise to multifamily investments up and down the capital stack and throughout economic cycles. The firm specializes in multifamily acquisitions, developments, real estate debt, and structured finance solutions for owners, operators and developers across the U.S. Since 2007, Forum has built a track record that seeks to generate reliable current income with an attractive risk/return profile. For more information, visit www.forumcapadvisors.com.
*Forum Investment Group is not a legal entity. References to "Forum Investment Group" or "Forum" refer to Forum Capital Advisors LLC (a registered investment adviser with the U.S. Securities and Exchange Commission that acts as the investment adviser to all of the Forum fund vehicles) and Forum Real Estate Group, LLC (Forum's direct real estate investment arm).
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SOURCE Forum Investment Group | https://www.mysuncoast.com/prnewswire/2022/07/25/forum-capital-advisors-arranges-66-million-multifamily-development-north-miami/ | 2022-07-25T21:52:31Z |
- Five late-breaking presentations at TCT 2022 highlight the impact of Abbott's structural heart devices to repair or replace heart valves and close openings in the heart
- New data reinforce the safety and effectiveness of MitraClip™ for treating mitral regurgitation
- Results also demonstrate the benefits of Abbott's TriClip™ for tricuspid regurgitation, Amulet™ for stroke reduction in patients with atrial fibrillation and Portico™ for aortic stenosis
ABBOTT PARK, Ill., Sept. 17, 2022 /PRNewswire/ -- Abbott (NYSE: ABT) today announced data from five late-breaking presentations showing the benefits of its minimally invasive devices in treating people with a range of structural heart diseases. Data include findings that reinforce the value of MitraClip™, the world's first and leading transcatheter edge-to-edge repair (TEER) device, to treat leaky valves in people with mitral regurgitation (MR).
The new data around Abbott's structural heart therapies were presented at the 34th Transcatheter Cardiovascular Therapeutics (TCT) annual scientific symposium of the Cardiovascular Research Foundation in Boston (September 16-19, 2022). Results were also presented on TriClip™, the first therapy designed specifically for tricuspid heart valve repair; the Amplatzer™ Amulet™ Left Atrial Appendage Occluder, a minimally invasive option offering the most complete closure of the left atrial appendage (LAA) to reduce risk of stroke; and Portico™, a self-expanding transcatheter aortic valve implantation (TAVI) system.
Structural heart diseases such as valve disease or openings in the heart that require closure can impair how the heart moves blood through the body. New minimally invasive technology has changed how physicians approach patient care and limits the need for more complex or risky surgery.
MitraClip EXPAND G4 Post-Approval Study
Data presented from the prospective, multi-center, global real-world EXPAND G4 study support the safety and effectiveness of the MitraClip G4 system for treating MR. The study represents the largest report of 30-day core lab-assessed outcomes, which included more than 1,000 patients. The data confirm that MitraClip offers high success rates in terms of MR reduction, improvements in quality of life and low adverse event rates.
Key findings through 30 days include:
- Significant MR reduction to mild or less (≤ grade 1+ on a four-point scale) is achieved in 91% of patients, with lowest reported adverse event rates to date (1.3% all-cause mortality at 30 days)
- Clinical improvements including 83% of patients achieving New York Heart Association (NYHA) Functional Class I/II (a classification of functional limitations resulting from cardiac disease, with Class I/II meaning slight or no limitation of physical activity), an improvement of 52% from baseline of 31%; and an 18-point improvement in the Kansas City Cardiomyopathy Questionnaire (KCCQ) score (a self-assessment of social abilities, symptoms and quality of life), a 35% improvement from baseline score
- Multiple clip sizes enable tailoring the therapy to patients' mitral valve anatomy and expand the spectrum of TEER-suitable patients
"MitraClip therapy has fundamentally changed the way doctors treat mitral regurgitation, provides a valuable therapy option that does not require open-heart surgery, and goes beyond simply managing symptoms with medications," said Jason Rogers, M.D., professor of cardiovascular medicine and director of interventional cardiology and structural heart training programs at the University of California, Davis Medical Center. "These late-breaking data demonstrate and strengthen the evidence that Abbott's MitraClip system consistently reduces MR in a broad range of patients, while restoring proper function of the mitral valve and improving patients' quality of life."
The MitraClip system has been commercially available in the U.S. since 2013 and in Europe since 2008. With more than 150,000 patients treated worldwide, MitraClip is approved in more than 75 countries, spanning regions in Asia, Africa, Europe, the Americas and Australia.
"These results add to what's been proven through nearly two decades of clinical experience in transcatheter mitral repair – MitraClip provides long-term, significant mitral regurgitation reduction that changes and saves lives," said Michael Dale, senior vice president of Abbott's structural heart business. "Abbott was the first to offer a transcatheter mitral valve repair device that provides a minimally invasive treatment option for patients with MR who would otherwise go untreated, and we remain committed to addressing the unmet needs of people with structural heart conditions."
First Results from the TriClip TRILUMINATE Pivotal Trial
TRILUMINATE Pivotal is the first randomized, controlled clinical trial evaluating the safety and effectiveness of TEER with TriClip in 700 patients with severe TR in the U.S., Canada and Europe. The data from the roll-in cohort through 30 days show:
- High implant success rate (99%)
- At least a one-grade TR reduction in 91% of patients, with moderate or less residual TR achieved in 74%
- Patients achieving around a 17-point improvement in the KCCQ score, a 30% improvement from baseline score, which demonstrates a substantial improvement in their quality of life
Three-Year Outcomes from the Amulet IDE Study
The Amplatzer Amulet LAA Occluder with dual-seal technology (consisting of a lobe or piece to fill the cavity of the LAA and a disc to close off the opening into the LAA) is the first and only minimally invasive treatment option to offer immediate and complete dual-sealing closure of the LAA, reducing the risk of stroke and eliminating the need for blood-thinning medication. The prospective, international, multi-center Amulet IDE trial is the largest randomized LAA occlusion study to date consisting of more than 1,800 patients, and three-year outcomes demonstrate the safety and effectiveness of Amulet, with data showing:
- Device-related factors (device-related thrombosis or peri-device leak) more frequently preceded strokes in patients with Boston Scientific's Watchman‡ than those with Amulet
- Both cardiovascular and all-cause death trended higher in the Watchman device than the Amulet device
PREDICT-LAA Trial (Amulet)
Data were also presented from the PREDICT-LAA prospective, multi-center, randomized controlled trial that studied if the use of cardiac computed tomography-based computational models (high-resolution scans of patients' hearts generated by FEops HEARTguide‡) help in the planning of Amplatzer Amulet procedures. Key findings at three months include:
- Improved procedural efficiency and safety outcomes with the Amplatzer Amulet LAA Occluder were achieved when planned with HEARTguide
Portico CONFIDENCE Registry
The CONFIDENCE Registry is an international, prospective, real-world study evaluating the safety and effectiveness of the Portico TAVI valve using the first-generation Portico delivery system in 501 patients and the second-generation FlexNav™ delivery system in 500 patients. Late-breaking data on valve hemodynamics (blood flow) at 30 days and one-year survival following implantation of the Portico TAVI device will be presented at TCT on Sunday, Sept. 18
For U.S. important safety information on MitraClip, visit http://abbo.tt/MitraClipG4ISI.
For U.S. important safety information on Amulet, visit https://abbo.tt/AmuletISI.
For U.S. important safety information on Portico, visit https://abbo.tt/PorticoISI.
The TriClip Transcatheter Tricuspid Valve Repair System is an investigational device only in the U.S.
About Abbott:
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 113,000 colleagues serve people in more than 160 countries.
Connect with us at www.abbott.com, on LinkedIn at www.linkedin.com/company/abbott-/, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews.
™ Indicates a trademark of the Abbott group of companies.
‡ Indicates a third-party trademark, which is property of its respective owner.
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SOURCE Abbott | https://www.mysuncoast.com/prnewswire/2022/09/17/late-breaking-data-show-breadth-abbotts-minimally-invasive-structural-heart-technologies/ | 2022-09-18T05:33:45Z |
NEW YORK, July 19, 2022 /PRNewswire/ -- Volato, the most efficient way to own a private jet, today revealed its branding is the work of Red Antler, the Brooklyn, New York-based agency known for its work with innovative startups. Red Antler approached the project by putting Volato's values of transparency, efficiency and innovation at the forefront, weaving the luxury of private aviation throughout.
Inspired by the Latin word volare, which means to "fly" or "soar," Volato distinguishes itself from traditional, aviation-named competitors and creates a feeling of timeless luxury. The name itself also rolls off the tongue, which is Red Antler's implicit nod to Volato's frictionless, high-touch experience. Volato's wordmark portrays the brand's mission, to always choose to fly forward, starting with a finely crafted sweeping cursive 'V' that's both effortless and elegant. The choice to use "Midnight" dark gray-blue signifies a quiet confidence, with pops of neon aptly named "Velocity Green" that add both freshness and dimension. Crafted from blades of an aircraft engine, a small but mighty dragonfly is Volato's brand icon. Dragonflies are powerful and agile fliers, and in this case, symbolize Volato's innovative approach to the aviation industry. Volato adopted this concept for its call sign, Tombo, which is Japanese for dragonfly; a clever nod to Volato's HondaJet fleet.
"Volato strives not just to be a private jet company, but a global aviation company that provides luxury customer service, products and experiences, so it's essential we craft a brand that conveys this message to an international audience," said James Cuff, VP of Marketing and Business Development at Volato. "Working with Red Antler was an obvious choice after seeing how they've successfully created iconic, well-loved brands, and we're grateful for their creativity in helping us establish Volato."
"At Red Antler, we're constantly looking to work with disruptive brands that are reimagining categories through innovation rooted in real consumer needs," said Emily Heyward, Co-Founder and Chief Brand Officer at Red Antler. "When we met the Volato team, we instantly recognized the opportunity in their unique, innovative business model that was reengineering private flying for efficiency and cost-effectiveness, while delivering the luxury people expect from private aviation."
For more information about Volato and its offerings, please visit https://www.flyvolato.com/.
About Red Antler
Red Antler is a branding company based in Brooklyn that offers research, branding, naming, digital design, engineering and advertising services. Fiercely committed to differentiation and success, the team partners with founders and startups to build brands that are changing how the world works. Red Antler creates captivating brand experiences that connect with people deliberately, through all points of interaction.
About Volato:
Volato is the modern way to buy and own a private jet, creating a more accessible, sustainable category of private aviation ownership through an innovative business model that reduces costs while increasing the convenience of ownership. Volato focuses on missions of up to four passengers and operates a fleet of bespoke HondaJet Elite aircraft.
Volato PR Contact:
Tori Mattei
tmattei@virgo-pr.com
631.942.5069
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SOURCE Volato | https://www.wibw.com/prnewswire/2022/07/19/private-jet-company-volato-taps-red-antler-brand-services/ | 2022-07-19T15:16:32Z |
NEW YORK, June 3, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Ironnet, Inc. (NYSE: IRNT).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/ironnet-inc-loss-submission-form/?id=28016&from=4
The lawsuit seeks to recover losses for shareholders who purchased Ironnet between September 15, 2021 and December 15, 2021.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until June 21, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Ironnet, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (i) the Company had materially overstated its business and financial prospects; (ii) the Company was unable to predict the timing of significant customer opportunities which constituted a substantial portion of its publicly- issued FY 2022 financial guidance; (iii) the Company had not established effective disclosure controls and procedures to reasonably ensure its public disclosures were timely, accurate, complete, and not otherwise misleading; and (iv) as a result, the Company's public statements were materially false, misleading, and/or lacked any reasonable basis in fact at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law | https://www.wibw.com/prnewswire/2022/06/03/irnt-shareholder-alert-jakubowitz-law-reminds-ironnet-shareholders-lead-plaintiff-deadline-june-21-2022/ | 2022-06-03T10:50:46Z |
Man goes ‘full dad mode’ after teen sees peepers at her window
CAMPBELL COUNTY, Ky. (WXIX) - Police in Kentucky are searching for two people accused of peeping into a teenage girl’s bedroom.
The victim’s father, who prefers to remain anonymous, told WXIX he’s bothered by what happened.
“Stay away from my daughter’s bedroom window,” he said.
The father was inside his Fort Thomas home around 10 p.m. Saturday when he says the suspects startled his daughter.
“I was in the basement doing laundry, and I heard my daughter scream, ‘Daddy!’ really loud. Then, maybe a half a second after that, my dog, a 90-pound German shepherd, started going crazy,” the father said.
The father rushed to his daughter’s room.
“She told me she had a man looking through her window,” he said. “I didn’t hesitate. I called the police and started to walk around the perimeter of my yard.”
He didn’t find anything, but his Ring camera caught the two suspects, possibly minors, coming up to the house and then walking away. The father says one of the suspects left his cell phone there and later came back for it.
“I was definitely concerned, and I went full dad mode,” the father said. “Whether it was a teenager or an adult, they don’t need to be looking through my daughter’s window.”
The father says neither he nor his daughter recognized the suspects. He also says neighbors told him they saw the suspects knocking on doors. One neighbor reported missing hubcaps from their car.
“I guess they’re up to no good,” he said. “Shenanigans.”
If you have any information on who the people in the video may be, Fort Thomas police ask you to call Campbell County Dispatch at (859) 547-3100.
Copyright 2022 WXIX via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/09/07/man-goes-full-dad-mode-after-teen-sees-peepers-her-window/ | 2022-09-07T09:36:20Z |
Bobsled, skeleton World Cups returning to North America
By TIM REYNOLDS
AP Sports Writer
Bobsled and skeleton World Cup races will return to North America this fall for the first time since before the pandemic, finally giving U.S. and Canadian athletes a chance to compete on home ice again.
The International Bobsled and Skeleton Federation has decided to start the 2022-23 season with three stops in the U.S. and Canada before the Christmas break. The tour will open on the 2010 Olympic track in Whistler, Canada, from Nov. 22-27, then moves to the 2002 Olympic track in Park City, Utah, from Nov. 29-Dec. 4, and from there goes to Lake Placid, New York.
The first event in Lake Placid is the world push championships at the newly remodeled indoor facility at the Mount Van Hoevenberg complex on Dec. 7 and 8, followed by a regular World Cup the following week.
“After two seasons of not hosting IBSF World Cup competitions due to COVID-19, we are excited to be back in North America to start the upcoming season with events in both Park City and Lake Placid,” USA Bobsled and Skeleton CEO Aron McGuire said. “Building on the success from the 2022 Olympic Winter Games, USA athletes are looking forward to racing on home tracks and in front of a home crowd.”
The last World Cup sliding event in North America was in 2019. All three North American tracks lost events — including world championship races in Whistler and Lake Placid — because of the pandemic, with international officials relocating those events to Europe and Asia.
American and Canadian sliders have spoken out in recent months about a wish for more races on home ice, and having essentially the first half of the bobsled and skeleton World Cup seasons in North America should be a boost to both programs.
It also will save on travel — the U.S. and Canadian teams won’t have to head to Europe for races this season until around Jan. 1. In many years, the North American teams have been in Europe before Christmas, returned home for holiday breaks, then had to eventually head back to Europe for the remainder of the season.
The remainder of the international bobsled and skeleton schedule for this coming season: Winterberg, Germany, on Jan. 3-8; two separate events in Altenberg, Germany, on Jan. 10-15 and Jan. 17-22; world championships in St. Moritz, Switzerland, on Jan. 24 through Feb. 5; the resumption of World Cup in Innsbruck, Austria, on Feb. 7-12; and the finale in Sigulda, Latvia, on Feb. 14-19.
Luge’s World Cup schedule for the coming season has yet to be announced. Officials in Park City have expressed interest in playing host to a luge event this season as well.
___
More AP sports: https://apnews.com/hub/sports and https://twitter.com/AP_Sports | https://localnews8.com/news/ap-utah/2022/05/19/bobsled-skeleton-world-cups-returning-to-north-america-2/ | 2022-05-19T16:00:33Z |
Gift will foster academic success for student veterans; Gift made possible by Harvard University's decision to appoint AVG as co-manager on recent bond issue
MELVILLE, N.Y., July 12, 2022 /PRNewswire/ -- American Veterans Group (AVG), a social impact investment bank and Wall Street's first and only public benefit corporation, has provided a donation to Harvard Undergraduate Veteran Organization (HUVO). HUVO will use AVG's gift to foster academic success among military veterans who are studying as undergraduate student veterans at Harvard College.
The gift to HUVO is a result of Harvard University's decision to appoint AVG as co-manager on its recent $500 million, President and Fellows Harvard College taxable bond issue.
AVG is a rapidly growing investment banking firm that dedicates 25% of its earnings to support veteran causes. The firm directs its philanthropic giving to communities where it and its clients do business.
"At AVG, we make it a priority to support veterans who choose to further their education by studying at colleges and universities after their military service," said Ben Biles, co-founder and CEO of American Veterans Group. "One way we furthered that mission is by directing our investment banking expertise to support bond transactions initiated by institutions of higher learning. Harvard's decision to engage our services points to the success we've had developing expertise managing higher ed bond issues. The related support for HUVO furthers the student organization's worthy mission and aligns perfectly with our commitment to deliver broader social impact for clients such as Harvard University."
HUVO guides military veterans through the process of applying to attend Harvard, fosters their academic success during their years on campus and prepares them for the next steps in their professional or academic careers.
"AVG's generosity will go a long way toward helping student veterans thrive at Harvard," said Hudson Miller, president of Harvard Undergraduate Veterans Organization. "We truly appreciate AVG's support and admire its commitment as a public benefit corporation to improve the lives of veterans and their families nationwide through its philanthropy."
American Veterans Group, PBC, is a military veteran-owned, social impact-focused broker-dealer that delivers value to institutional clients while providing meaningful philanthropic support to the military veteran community. The company reinvests 25% of its earnings in national and local military veteran non-profit organizations that provide worthy services and support to one of America's most vulnerable, at-risk populations. As Wall Street's only public benefit corporation, American Veterans Group empowers institutional clients to partner in its social mission while enabling them to remain focused on key business objectives and goals. To learn more about American Veterans Group, visit their website at www.americanvetsgroup.com.
Since being established in 2018, HUVO has grown from eight to 49 members. Every undergraduate student veteran who is accepted into Harvard is referred to HUVO. HUVO provides veterans access to information about on-campus events and resources; networking opportunities with other veteran and non-veteran students; transportation to medical appointments and the VA; and assistance for veterans who rely on public transportation to get to campus. HUVO fosters a community of service through its annual Veterans Day Challenge fundraiser, which benefits non-profit organizations in the Boston area that support local veterans. HUVO also arranges mentorships for Harvard ROTC students, matching them with veteran students to share their military experiences with future military leaders.
For American Veterans Group
Mark Kroeger
The Boldsquare Group
(513) 236-3109
mark@boldsquare.com
For Harvard Undergraduate Veterans Organization
Hudson Miller
(817) 675-3077
info@huvets.com
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SOURCE American Veterans Group | https://www.kxii.com/prnewswire/2022/07/12/american-veterans-group-provides-donation-harvard-undergraduate-veteran-organization/ | 2022-07-12T14:11:10Z |
LONDON (AP) — British police say a 29-year-old man has been arrested on suspicion of attempted murder after he confronted military police in central London with a knife.
The Metropolitan Police force says no one was injured in the Monday morning incident, which is not being treated as terrorism.
Police say a man armed with a knife confronted two Ministry of Defense Police officers at Horse Guards Parade, a military parade ground surrounded by government buildings that is close to Parliament and the prime minister’s official residence.
Police officers used a Taser and restrained the suspect, the force said. He was being held at a London police station on suspicion of attempted murder and possession of an offensive weapon. | https://cw33.com/news/international/ap-international/man-with-knife-confronts-london-police-is-arrested/ | 2022-04-19T10:52:04Z |
SAN DIEGO, Aug. 15, 2022 /PRNewswire/ -- Halozyme Therapeutics, Inc. (NASDAQ: HALO) ("Halozyme" or the "Company"), a leader in converting IV biologics to subcutaneous delivery, today announced the pricing of $625.0 million aggregate principal amount of convertible senior notes due 2028 (the "Convertible Notes"). The Convertible Notes are being offered and sold to "qualified institutional buyers" pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The offering was upsized from an originally announced $500 million in aggregate principal amount. The Company also granted a 13-day option to the initial purchasers to purchase up to an additional $95.0 million aggregate principal amount of Convertible Notes.
The Convertible Notes will be senior, unsecured obligations of the Company and will accrue interest payable semi-annually in arrears at an annual rate of 1.00%. The Convertible Notes have an initial conversion rate of 17.8517 shares of the Company's common stock per $1,000 principal amount of Convertible Notes (which is equivalent to an initial conversion price of approximately $56.02 per share of the Company's common stock, representing an initial conversion premium of approximately 30% above the closing price of $43.09 per share of the Company's common stock on August 15, 2022). The conversion rate is subject to adjustment in some events but will not be adjusted for any accrued and unpaid interest. Holders of the Convertible Notes will have the right to require the Company to repurchase all or a portion of their Convertible Notes upon the occurrence of a fundamental change (as defined in the indenture governing the Convertible Notes) at a cash repurchase price of 100% of their principal amount plus any accrued and unpaid interest. The Convertible Notes will mature on August 15, 2028, unless earlier redeemed, repurchased or converted in accordance with their terms prior to such date. Prior to the close of business on the business day immediately preceding February 15, 2028, the Convertible Notes will be convertible only upon the satisfaction of certain conditions and during certain periods, and on and after February 15, 2028, at any time prior to the close of business on the second scheduled trading day immediately preceding the maturity date, the Convertible Notes will be convertible regardless of these conditions. The Company will settle conversions in cash and, if applicable, shares of the Company's common stock. The Company expects to close the offering on August 18, 2022, subject to the satisfaction of various customary closing conditions.
In connection with the pricing of the Convertible Notes, the Company entered into capped call transactions with certain of the initial purchasers of the Convertible Notes and/or their respective affiliates and/or other financial institutions (collectively, the "Capped Call Counterparties"). The capped call transactions are expected generally to reduce potential dilution to holders of the Company's common stock on any conversion of the Convertible Notes or at the Company's election (subject to certain conditions) offset any cash payments the Company is required to make in excess of the principal amount of any such converted Convertible Notes, as the case may be, with such reduction or offset subject to a cap based on the cap price. The cap price of the capped call transactions is initially $75.41 per share of the Company's common stock, representing a premium of 75% above the last reported sale price of $43.09 per share of the Company's common stock on August 15, 2022, and is subject to certain adjustments under the terms of the capped call transactions.
In connection with establishing their initial hedges of the capped call transactions, the Capped Call Counterparties or their respective affiliates may purchase shares of the Company's common stock or enter into various derivative transactions with respect to the Company's common stock concurrently with, or shortly after, the pricing of the Convertible Notes. This activity could increase (or reduce the size of any decrease in) the market price of the Company's common stock or the Convertible Notes at that time.
In addition, the Capped Call Counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to the Company's common stock or purchasing or selling the Company's common stock in secondary market transactions following the pricing of the Convertible Notes and prior to the maturity of the Convertible Notes (and are likely to do so during the relevant valuation period under the capped call transactions or following any early conversion of the Convertible Notes or repurchase of the Convertible Notes by the Company on any fundamental change repurchase date, any redemption date or otherwise, in each case if the Company exercises its option to terminate the relevant portion of the capped call transactions). This activity could also cause or avoid an increase or decrease in the market price of the Company's common stock or the Convertible Notes, which could affect noteholders' ability to convert the Convertible Notes and, to the extent the activity occurs during any observation period related to a conversion of the Convertible Notes, it could affect the amount and value of the consideration that noteholders will receive on conversion of such Convertible Notes.
The Company will receive net proceeds from the offering of approximately $608.7 million (or approximately $701.4 million if the initial purchasers exercise their option to purchase additional Convertible Notes in full). The Company expects to use approximately $60.0 million of the net proceeds of the offering to fund the cost of entering into the capped call transactions. The Company also expects to use approximately $77.6 million of the net proceeds of the offering to enter into privately negotiated agreements with certain holders of its outstanding 1.25% convertible senior notes due 2024 (the "Existing Convertible Notes") to exchange their Existing Convertible Notes for a combination of cash and shares of its common stock through privately negotiated transactions entered into concurrently with or shortly after the offering (the "Note Repurchases"). In connection with the Note Repurchases, the Company expects to pay approximately $77.6 million in cash, which includes accrued interest, and issue approximately 1.51 million shares of its common stock, to settle such exchanges. In addition, the Company expects to use a portion of the net proceeds of the offering to repurchase shares of its common stock (the "Share Repurchases") up to $200 million, concurrently with, or shortly after, the offering in privately negotiated transactions or otherwise, which may be effected through one or more of the initial purchasers or an affiliate thereof. The Company anticipates using approximately $90.0 million of the net proceeds of the offering to repurchase approximately 2.09 million of its shares concurrently with the closing of the Convertible Notes offering on August 18, 2022, with the remaining Share Repurchases thereafter. Further, the Company expects to use a portion of the net proceeds of the offering to repay all of its outstanding $250 million term loan facility due 2026. The Company intends to use the remainder of the net proceeds from the offering for general corporate purposes, including other repurchases of the Company's common stock from time to time under the existing stock repurchase program, working capital, capital expenditures, potential acquisitions and strategic transactions. If the initial purchasers exercise their option to purchase additional notes, the Company intends to use a portion of the net proceeds from the sale of additional notes to fund the cost of entering into additional capped call transactions.
The Share Repurchases, if consummated in full, would represent an increase of $100 million of the previously planned share repurchases to be made in 2022 under the Company's ongoing three-year $750 million share repurchase program, which was commenced and previously announced in 2021.
The Note Repurchases and Share Repurchases could increase (or reduce the size of any decrease in) the market price of Halozyme common stock or the Convertible Notes. We also expect that some existing noteholders may purchase or sell shares of the Company's common stock in the market to hedge their exposure in connection with these transactions. The Note Repurchases, Share Repurchases and any associated hedging by holders could have affected or affect the market price of the Company's common stock prior to, concurrently with or shortly after the pricing of the Convertible Notes, and could have also resulted in a higher effective conversion price for the Convertible Notes.
This press release is neither an offer to sell nor a solicitation of an offer to buy the Convertible Notes or the shares of the Company's common stock issuable upon conversion of the Convertible Notes, if any, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. Any offer of these securities will be made only by means of a private offering memorandum.
The offer and sale of the Convertible Notes and the shares of the Company's common stock issuable upon conversion of the Convertible Notes, if any, have not been registered under the Securities Act, or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the planned offering. Words such as "anticipates," "estimates," "expects," "projects," "forecasts," "intends," "plans," "will," "believes" and words and terms of similar substance used in connection with any discussion identify forward-looking statements. These forward-looking statements are based on management's current expectations and beliefs about future events and are inherently susceptible to uncertainty and changes in circumstances. Except as required by law, the Company is under no obligation to, and expressly disclaims any obligation to, update or alter any forward-looking statements whether as a result of such changes, new information, subsequent events or otherwise. With respect to the planned offering, such uncertainties and circumstances include whether the Company will consummate the offering; and the use of the net proceeds from the offering. Various factors could also adversely affect the Company's operations, business or financial results in the future and cause the Company's actual results to differ materially from those contained in the forward-looking statements, including those factors discussed in detail in the "Risk Factors" sections contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and the Company's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022 and June 30, 2022, which are filed with the Securities and Exchange Commission.
Halozyme is a biopharmaceutical company bringing disruptive solutions to significantly improve patient experiences and outcomes for emerging and established therapies. As the innovators of the ENHANZE® technology with the proprietary enzyme rHuPH20, Halozyme's commercially-validated solution is used to facilitate the delivery of injected drugs and fluids in order to reduce the treatment burden to patients. Having touched more than 600,000 patient lives in post-marketing use in five commercialized products across more than 100 global markets, Halozyme has licensed its ENHANZE® technology to leading pharmaceutical and biotechnology companies including Roche, Baxalta, Pfizer, AbbVie, Eli Lilly, Bristol-Myers Squibb, Alexion, argenx, Horizon Therapeutics, ViiV Healthcare and Chugai Pharmaceutical.
Halozyme also develops, manufactures and commercializes, for itself or with partners, drug-device combination products using its advanced auto-injector technology that are designed to provide commercial or functional advantages such as improved convenience and tolerability, and enhanced patient comfort and adherence. The Company has a commercial portfolio of proprietary products including XYOSTED®, TLANDO™ and NOCDURNA® and partnered commercial products and ongoing product development programs with industry leading pharmaceutical companies including Teva Pharmaceutical, Covis Pharma, Pfizer and Idorsia Pharmaceuticals.
Halozyme is headquartered in San Diego, CA and has offices in Ewing, NJ and Minnetonka, MN. Minnetonka is also the site of its operations facility.
Contacts:
Tram Bui
VP, Investor Relations and Corporate Communications
609-359-3016
tbui@antarespharma.com
Dawn Schottlandt / Claudia Styslinger
Argot Partners
212-600-1902
Halozyme@argotpartners.com
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SOURCE Halozyme Therapeutics, Inc. | https://www.kxii.com/prnewswire/2022/08/16/halozyme-therapeutics-inc-announces-upsize-pricing-private-offering-625-million-convertible-senior-notes-due-2028/ | 2022-08-16T03:24:18Z |
New Market Name Reflects Discipline Expansion and Design Transformation
NASHVILLE, Tenn., Sept. 7, 2022 /PRNewswire/ --Gresham Smith is excited to announce that the firm's Corporate + Urban Design market has been renamed Life and Work Places. This new name reflects how the firm's practice has expanded as a result of fundamental changes to how people live, work and interact with each other in a post-pandemic world.
"Life and Work Places reflects an expansion of, and not a replacement of, our core practice and capabilities," said Randy Gibson, Chief Strategy Officer at Gresham Smith. "While the name has changed to better reflect where the market is today, it represents our firm's ability to adapt to today's fast-changing world while retaining focus on the success of our legacy clients."
The Life and Work Places market is comprised of over 100 individuals working out of primary studio locations in Atlanta, Charlotte, Denver, Nashville and Tampa. The market has approximately 200 active projects across the country and earned approximately $23 million in gross revenue in 2021. Focused on creative placemaking at multiple scales, the group is delivering increasingly diverse and complex projects designing spaces where life, commerce and community come together.
"Our new Life and Work Places name communicates our focus and commitment to clients going forward," said Life and Work Places Executive Vice President Don Reynolds, AIA, LEED AP BD+C, who spearheaded the name change. "Every individual and business entity is searching for their unique solution, and our designers are, essentially, walking this journey with our clients and helping them understand their real estate needs and opportunities."
The market's work in creating dynamic mixed-use, residential and workplace environments that connect communities and bring places to life is now complemented by a discipline dedicated to designing memorable spaces for student life. The full breadth of the Life and Work Places expertise now reflects the following dedicated disciplines and practice leaders:
- Mixed-Use: Led by Rugel Chiriboga, AIA, NCARB, LEED BD+C, the studio is creating dynamic buildings and environments with projects including Fifth + Broadway for Brookfield Properties, 222 Second Avenue for Hines, and Nashville Yards for Southwest Value Partners and AEG.
- Residential: Led by Brandon Bell, AIA, the studio is focused on urban multifamily projects across the country for clients that include GBT Realty, Lincoln Property Company and Mill Creek Residential Trust.
- Workplace: Led by Jack Weber, IIDA, MCR, LEED AP, the studio is delivering end-user environments through workplace design and strategy across a national portfolio of clients including Deloitte, Universal Music Group, Schneider Electric and Baker McKenzie.
- Education and Research: Led by Alyson Mandeville, our newest practice area is growing out of successful project engagements with the University of South Florida and Virginia Commonwealth University, among others.
To learn more about Gresham Smith's Life and Work Places market, read our 1-on-1 conversation with EVP Don Reynolds.
Gresham Smith is a top-ranked architecture, engineering and design firm with more than $230 million in annual gross revenue and 25 offices across the United States. The firm provides full-service solutions for the built environment with a focus on the aviation, building engineering, healthcare, industrial, land planning, life and work places, transportation, and water and environment market sectors. Our team of diligent designers, creative problem-solvers, insightful planners and seasoned collaborators work closely with our clients to improve the cities and towns we call home. Consistently ranked as a "best place to work," we are committed to creating a culture that fosters diversity of experience combined with a common goal of genuine care for each other, our partners and the outcome of our work. Learn more at GreshamSmith.com.
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SOURCE Gresham Smith | https://www.kxii.com/prnewswire/2022/09/07/gresham-smiths-corporate-urban-design-market-renamed-life-work-places/ | 2022-09-07T16:25:01Z |
OSDH confirms first ‘probable’ case of monkeypox
OKLAHOMA CITY, Okla. (KSWO) - The Oklahoma State Health Department has confirmed the state’s first “probable” case of monkeypox.
According to the health department, the central Oklahoma individual is currently in isolation and officials are doing contact tracing for those possibly exposed. They also recently returned from international travel.
They say the virus is not easily transmissible, but it can be transmitted to humans by direct contact with an infected person or animal.
As soon as we learned about the monkeypox outbreak in Europe our response team began working to coordinate areas within the agency to respond if a case was identified in Oklahoma,” said Jan Fox, Deputy Commissioner of Health Preparedness. “We are currently working through the case investigation and contact tracing. However, we do want to stress to Oklahomans that the general public is not at risk.”
Symptoms of monkeypox may include fever, rash and swollen lymph nodes. An infected person will also present with firm, deep-seated, and well-circumscribed lesions
Copyright 2022 KSWO. All rights reserved. | https://www.kxii.com/2022/06/10/osdh-confirms-first-probable-case-monkeypox/ | 2022-06-10T17:22:37Z |
Excluding significant items, quarterly earnings per common share of $0.11 (1)
First quarter dividend of $0.085 per common share
TORONTO, Aug. 4, 2022 /PRNewswire/ - Canaccord Genuity Group Inc. (Canaccord Genuity Group, the Company) (TSX: CF) today announced its financial results for the first fiscal quarter ended June 30, 2022.
"The abrupt deceleration in global markets impacted first fiscal quarter financial performance in all of our capital markets businesses and to a lesser degree, our wealth management businesses," said Dan Daviau, President & CEO of Canaccord Genuity Group Inc. "In addition to the more challenging backdrop, our quarterly results were impacted by markdowns of certain inventory positions held in connection with supporting our capital markets clients in Australia and Canada."
"Looking forward, we expect that economic conditions will continue to tighten before they improve but we continue to be active globally and we feel good about our market position, the outlook for our wealth management businesses and a continuance of strong M&A activity in our capital markets businesses."
First fiscal quarter highlights:
(All dollar amounts are stated in thousands of Canadian dollars unless otherwise indicated)
- First quarter revenue excluding significant items(1) of $328.8 million, a decrease of 37.2% over the same period in the prior year
- First quarter net income before taxes excluding significant items(1) of $27.5 million, a decrease of 75.9% ($1.9 million and a quarter-over-quarter decrease of 98.1% on an IFRS basis)
- Diluted earnings per common share excluding significant items(1) for the first fiscal quarter of $0.11 per share (diluted loss per common share of $0.14 on an IFRS basis), a decrease of 84.9% compared to the first quarter of fiscal 2022
- Advisory revenue in the Company's global capital markets division increased 8.7% year-over-year reflecting increased contributions from our US and UK & Europe businesses
- Capital markets revenues were impacted by sharp declines in the market value of certain inventory and warrant positions related to our investment banking activities in Canada and Australia as well as certain market value adjustments related to our facilitation activity in Canada
- On May 31, 2022, the Company completed its acquisition of Punter Southall Wealth Limited (PSW) to increase the long-term value and market position of its wealth management position in the UK & Crown Dependencies
- Total client assets(1) in our global wealth management business of $90.7 billion, a decrease of 4.4% from Q1/22 reflecting year-over-year decreases of 2.1% in Canada and 6.2% in the UK & Crown Dependencies, primarily attributable to the decline in market values during the three-month period and the impact of changes in foreign exchange rates on the value of client assets recorded in GBP, partially offset by the addition of new assets in connection with the acquisition of PSW
- Purchased 502,000 common shares for cancellation under the normal course issuer bid (NCIB) during the three months ended June 30, 2022
- First quarter common share dividend of $0.085 per share
Canaccord Genuity Wealth Management
The Company's combined global wealth management operations earned revenue of $162.2 million for the first fiscal quarter, a year-over-year decrease of 16.8%. Net income before taxes excluding significant items(1) for this segment decreased by 48.8% year-over-year.
- Wealth management operations in the UK & Crown Dependencies generated first quarter revenue of $73.3 million, a decrease of 8.7% compared to Q4/22 and unchanged compared to the same period last year. Measured in local currency (GBP), revenue was £45.7 million in Q1/23 compared to £42.7 million in Q1/22, an increase of 7.0% compared to the same quarter last year. Because the acquisition of PSW closed mid-way through the quarter, revenue associated with PSW will be fully reflected in the results of our next fiscal quarter (Q2/23) compared to the current quarter (Q1/23). Net income before taxes excluding significant items(1) for this business was $18.7 million in Q1/23, down 3.5% year-over-year.
- Canaccord Genuity Wealth Management (North America) generated $73.0 million in first quarter revenue, a decrease of 4.2% compared to Q4/22, and because revenue in Q1/22 was at an elevated level with the significant investment banking revenue in that quarter, Q1/23 revenue represented a year-over-year decrease of 30.0% compared to Q1/22. Excluding significant items(1) net income before taxes for this business was $6.5 million in Q1/23, which represents a year-over-year decrease of 75.2% because of the elevated investment banking activity in the comparable quarter and a sequential increase of 27.4%.
- Wealth management operations in Australia generated $15.9 million in first quarter revenue, a decrease of 9.1% compared to the first quarter of last year. Excluding significant items(1) net loss before taxes for this business was $0.5 million in Q1/23, down from net income of $2.6 million in Q1/22.
Total client assets in the Company's global wealth management businesses at the end of the first fiscal quarter amounted to $90.7 billion, a decrease of $4.2 billion or 4.4% from Q1/22.
- Client assets in the UK & Crown Dependencies were $52.2 billion (£33.3 billion) as at June 30, 2022, a decrease of 1.3% (increase of 3.5% in local currency) from $52.8 billion (£32.1 billion) at the end of the previous quarter, and a decrease of 6.2% (increase of 2.6% in local currency) from $55.6 billion (£32.4 billion) at June 30, 2021 primarily attributable to the decline in market values, offset by net inflows and new assets from our acquisition of PSW and, when measured in CAD, changes in GBP/CAD foreign exchange rates.
- Client assets in North America were $33.9 billion as at June 30, 2022, a decrease of 10.6% from $37.9 billion at the end of the previous quarter and a decrease of 2.1% from $34.6 billion at June 30, 2021 due to the decline in market values, partially offset by net new inflows and new assets from existing IAs and new recruits.
- Client assets(1) in Australia were $4.7 billion (AUD 5.3 billion) at June 30, 2022, a decrease of 12.3% from $5.4 billion (AUD 5.7 billion) at the end of the previous quarter, also reflecting the decline in market values. In addition, client assets(1) totalling $13.3 billion (AUD 15.0 billion) are also held on record in less active and transactional accounts through our Australian platform.
Canaccord Genuity Capital Markets
Globally, Canaccord Genuity Capital Markets earned revenue of $164.1 million for the first fiscal quarter, a year-over-year decrease of 49.4%. The decrease primarily reflected substantially lower investment banking revenues in all geographies in connection with the significant decline in industry-wide new issue volumes. In addition to the challenging backdrop of reduced levels of activity, another headwind for this quarter's results was the impact of sharp declines in the market value of certain inventory and warrant positions earned in respect of our investment banking activities. These valuation changes primarily impacted our Australian capital markets business, and to a lesser degree, our Canadian business. Net income before taxes excluding significant items(1) for this segment was $4.1 million for the quarter, a year-over-year decrease of 95.1%.
- Canaccord Genuity Capital Markets participated in 80 investment banking transactions globally, including led or co-led, raising total proceeds of $6.2 billion during Q1/23.
The Company's US capital markets business was the largest contributor of revenue for the three-month period, with revenue of $124.1 million, or 75.6% of total global capital markets revenue. This business contributed advisory fees revenue of $63.3 million for Q1/23, an increase of 36.5% from the same period in the prior year. Commissions and fees revenue for the three-month period increased by 30.7% year-over-year, to $26.3 million. Investment banking revenue for the three-month period decreased by 84.0% to $6.3 million when compared to the first quarter of the prior year because of reduced new issue activity. Principal trading revenue also decreased by 40.9% from the prior year to $26.6 million in the first quarter due to lower trading volume, volatility and activity. Excluding significant items(1), the pre-tax net income contribution from this business amounted to $19.4 million for the three-month period.
Revenue in our UK & Europe capital markets operations decreased by 7.3% for the three-month period driven mainly by lower investment banking revenue. Advisory revenue in this business increased 59.2% year-over-year to $16.1 million for the first quarter, and commissions and fees revenue increased by 8.4% to $4.3 million. Excluding significant items(1), our UK & Europe capital markets business earned pre-tax net income of $3.4 million for the first quarter, a year-over-year improvement of 10.2%. The pre-tax profit margin in this business was 13.1% for the first quarter, the strongest result in nine fiscal quarters.
First quarter revenue of $14.3 million in our Canadian capital markets business decreased by 87.7% when compared to Q1/22. First quarter investment banking, advisory, and commissions and fees revenue declined by 92.6%, 83.7% and 91.8% respectively when compared to the same period in the prior year. The impact of market declines on our revenue in Canada gave rise to facilitation losses of about $11 million offsetting our commission revenue leading to the significant decline compared to prior quarters. Declines in market values and net fee share inventory valuation adjustments of about $7 million reduced investment banking revenue by that amount and combined with a significant decline in new issue offerings led to a substantial decrease in investment banking revenue compared to prior quarters. Notwithstanding the revenue declines, this business continues to be a top-ranked domestic underwriter in Canada. Our Canadian capital markets operations generated a loss before income taxes of $17.3 million in Q1/23, a decrease of 138.7% from income before income taxes of $44.6 million generated in the same period in the prior year.
First quarter revenue earned by our Australian capital markets business decreased 101.0% year-over-year, reflecting a 118.7% decrease in investment banking revenue when compared to the same period a year ago. In addition to lower new issue activity, investment banking revenue was negatively impacted by a net loss of approximately $20 million as a result of market value declines related to fee share and warrant inventories. Net loss before income taxes for the first three months of fiscal 2023 was $1.4 million compared to net income before income taxes of $6.8 million in the first quarter of fiscal 2022.
On May 31, 2022, the Company, through CGWM UK completed its acquisition of the private client investment management business of Punter Southall Wealth Limited (PSW) for a total purchase price on closing of £168.0 million ($267.8 million). In connection with the completion of the acquisition, CGWM UK modified its existing banking arrangements and increased its bank loan by an additional £100 million (C$159.4 million as of the acquisition date of May 31, 2022). In addition, certain institutional investors made an additional investment in CGWM UK through the purchase of a new series of Convertible Preferred Shares in the amount of £65.3 million ($104.1 million as of the acquisition date of May 31, 2022). With the issuance of the additional convertible preferred shares and ordinary shares by CGWM UK in connection with the transaction, the Company's equity equivalent interest in CGWM UK on an as-converted basis now stands at 66.9%.
On June 1, 2022, the Company announced the reset of the dividend rate on its Cumulative 5-year Rate Reset First Preferred Shares, Series C (the "Series C Preferred Shares"). Quarterly cumulative cash dividends, as declared, were paid at an annual rate of 4.993% for the five years ended June 30, 2022. Commencing July 1, 2022 and ending on and including June 30, 2027, quarterly cumulative dividends, if declared, will be paid at an annual rate of 6.837%. The dividend rate will be reset every five years at a rate equal to the five-year Government of Canada yield plus 4.03%. The Company did not exercise its right to redeem all or any part of the outstanding Series C Preferred Shares on June 30, 2022.
Subsequent to the end of the quarter, on August 3, 2022, the Company announced that through its UK & Europe capital markets business, Canaccord Genuity Limited, it has entered into an asset purchase agreement to acquire the business of Results International Group LLP (Results). Results is an independent advisory firm headquartered in London, UK which provides M&A and corporate finance services to entrepreneurs, corporates, private equity firms and investors focused in the technology and healthcare sectors. This transaction complements recent investments by the Company to expand its global Advisory business with the acquisitions of Petsky Prunier (2019) and Sawaya Partners (2021) and expands its European domain expertise in the Healthcare and Technology sectors. The transaction is expected to close in the second quarter of the Company's current fiscal year, subject to customary closing conditions.
Results for the First Quarter of Fiscal 2023 were impacted by the following significant items:
- Fair value adjustments on certain illiquid or restricted marketable securities recorded for IFRS reporting purposes, but which are excluded for management reporting purposes and are not used by management to assess operating performance
- Amortization of intangible assets acquired in connection with business combinations
- Acquisition-related costs in connection with the acquisition of PSW
- Certain incentive-based costs related to acquisitions
- Certain components of the non-controlling interest expense associated with CGWM UK
Diluted earnings per common share (diluted EPS) is computed using the treasury stock method, giving effect to the exercise of all dilutive elements. The Convertible Preferred Shares issued by CGWM UK are factored into the diluted EPS by adjusting net income attributable to common shareholders of the Company to reflect our proportionate share of CGWM UK's earnings on an as converted basis if the calculation is dilutive. For the quarter ended June 30, 2022, the effect of reflecting our proportionate share of CGWM UK's earnings is anti-dilutive for diluted EPS purposes under IFRS but dilutive for the purpose of determining diluted EPS excluding significant items(1). Accordingly, net income attributable to common shareholders excluding significant items(1) for the first quarter of fiscal 2023 reflects the Company's proportionate share of CGWM UK's net income on an as converted basis.
- Cash and cash equivalents balance of $1.0 billion, a decrease of $753.5 million from $1.8 billion
- Working capital of $730.6 million, a decrease of $63.8 million from $794.4 million
- Total shareholders' equity of $1.1 billion, a decrease of $88.1 million from $1.2 billion
On August 4, 2022, the Board of Directors approved a dividend of $0.085 per common share, payable on September 15, 2022, with a record date of September 2, 2022.
On August 4, 2022, the Board approved a cash dividend of $0.25175 per Series A Preferred Share payable on September 30, 2022 to Series A Preferred shareholders of record as at September 16, 2022.
On August 4, 2022, the Board approved a cash dividend of $0.42731 per Series C Preferred Share payable on September 30, 2022 to Series C Preferred shareholders of record as at September 16, 2022.
Certain non-IFRS measures, non-IFRS ratios and supplementary financial measures are utilized by the Company as measures of financial performance. Non-IFRS measures, non-IFRS ratios and supplementary financial measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies.
Management believes that these non-IFRS measures, non-IFRS ratios and supplementary financial measures allow for a better evaluation of the operating performance of the Company's business and facilitate meaningful comparison of results in the current period to those in prior periods and future periods. Non-IFRS measures presented in this earnings release include certain figures from our statement of operations that are adjusted to exclude significant items. Although figures that exclude significant items provide useful information by excluding certain items that may not be indicative of the Company's core operating results, a limitation of utilizing these figures that exclude significant items is that the IFRS accounting effects of these items do in fact reflect the underlying financial results of the Company's business. Accordingly, these effects should not be ignored in evaluating and analyzing the Company's financial results. Therefore, management believes that the Company's IFRS measures of financial performance and the respective non-IFRS measures should be considered together.
Non-IFRS Measures (Adjusted Figures)
Figures that exclude significant items provide useful information by excluding certain items that may not be indicative of the Company's core operating results. Financial statement items that exclude significant items are non-IFRS measures. To calculate these non-IFRS financial statement items, we exclude certain items from our financial results prepared in accordance with IFRS. The items which have been excluded are referred to herein as significant items. The following is a description of the composition of the non-IFRS measures used in this earnings release (note that some significant items excluded may not be applicable to the calculation
of the non-IFRS measures for each comparative period): (i) revenue excluding significant items, which is composed of revenue per IFRS less any applicable fair value adjustments on certain illiquid or restricted marketable securities as recorded for IFRS reporting purposes but which are excluded for management reporting purposes and are not used by management to assess operating performance; (ii) expenses excluding significant items, which is composed of expenses per IFRS less any applicable amortization of intangible assets acquired in connection with a business combination, acquisition-related expense items, certain incentive-based costs related to the acquisitions and growth initiatives in CGWM UK and US capital markets and costs associated with the redemption of convertible debentures; (iii) net income before taxes excluding significant items, which is composed of revenue excluding significant items less expenses excluding significant items; (iv) income taxes (adjusted), which is composed of income taxes per IFRS adjusted to reflect the associated tax effect of the excluded significant items; (v) net income excluding significant items, which is composed of net income before income taxes excluding significant items less income taxes (adjusted); (vi) non-controlling interests (adjusted), which is composed of non-controlling interests per IFRS less the amortization of the equity component of non-controlling interests in CGWM UK; and (vii) net income attributable to common shareholders excluding significant items, which is composed of net income excluding significant items less non-controlling interests (adjusted) and preferred share dividends paid on the Series A and Series C Preferred Shares.
A reconciliation of non-IFRS measures that exclude significant items to the applicable IFRS measures from the interim condensed consolidated financial statements for the first quarter of fiscal 2023 can be found above in the table entitled "Summary of results for Q1 fiscal 2023 and selected financial information excluding significant items".
Non-IFRS Ratios
Non-IFRS ratios are calculated using the non-IFRS measures defined above. For the periods presented herein, we have used the following non-IFRS ratios: (i) total expenses excluding significant items as a percentage of revenue, which is calculated by dividing expenses excluding significant items by revenue excluding significant items; (ii) earnings per common share excluding significant items, which is calculated by dividing net income attributable to common shareholders excluding significant items by the weighted average number of common shares outstanding (basic); (iii) diluted earnings per common share excluding significant items which is calculated by dividing net income attributable to common shareholders excluding significant items by the weighted average number of common shares outstanding (diluted); and (iv) pre-tax profit margin which is calculated by dividing net income before taxes excluding significant items by revenue excluding significant items.
Supplementary Financial Measures
Client assets are supplementary financial measures that do not have any definitions prescribed under IFRS but do not meet the definition of a non-IFRS measure or non-IFRS ratio. Client assets, which include both assets under management (AUM) and assets under administration (AUA), is a measure that is common to the wealth management business. Client assets is the market value of client assets managed and administered by the Company from which the Company earns commissions and fees. This measure includes funds held in client accounts as well as the aggregate market value of long and short security positions. The Company's method of calculating client assets may differ from the methods used by other companies, and therefore these measures may not be comparable to other companies. Management uses these measures to assess operational performance of the Canaccord Genuity Wealth Management business segment.
Interested parties are invited to listen to Canaccord Genuity's first fiscal quarter results conference call via live webcast or a toll-free number. The conference call is scheduled for Friday, August 5, 2022, at 8:00 a.m. Eastern time, 5:00 a.m. Pacific time, 1:00 p.m. UK time, 8:00 p.m. China Standard Time, and 10:00 p.m. Australia EST. During the call, senior executives will comment on the results and respond to questions from analysts and institutional investors.
The conference call may be accessed live online and will also be archived on a listen-only basis at: www.cgf.com/investor-relations/news-and-events/conference-calls-and-webcasts/
Analysts and institutional investors can call in via telephone at:
- 416-764-8609 (within Toronto)
- 888-390-0605 (toll free in North America outside Toronto)
- 0-800-652-2435 (toll free from the United Kingdom)
- 0-800-916-834 (toll free from France)
- 10-800-714-1938 (toll free from Northern China)
- 10-800-140-1973 (toll free from Southern China)
- 1-800-076-068 (toll free from Australia)
- 80-003-570-3632 (toll free from United Arab Emirates)
Please ask to participate in the Canaccord Genuity Group Inc. Q1/23 results call. If a passcode is requested, please use 55608639.
A replay of the conference call will be made available from approximately two hours after the live call on August 5, 2022, until October 5, 2022 at 416-764-8677 or 1-888-390-0541 by entering passcode 608639 followed by the (#) key.
Through its principal subsidiaries, Canaccord Genuity Group Inc. (the Company) is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets. Since its establishment in 1950, the Company has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. The Company has wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of Man and Australia. The Company's international capital markets division operates in North America, the UK & Europe, Asia, Australia and the Middle East.
Canaccord Genuity Group Inc. is listed under the symbol CF on the TSX.
Investor and media relations inquiries:
Christina Marinoff
Vice President, Investor Relations & Communications,
Phone: 416-687-5507, Email: cmarinoff@cgf.com
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SOURCE Canaccord Genuity Group Inc. | https://www.mysuncoast.com/prnewswire/2022/08/04/canaccord-genuity-group-inc-reports-first-quarter-fiscal-2023-results/ | 2022-08-04T23:59:56Z |
Chief Technology Officer and Vice President, eCommerce will help the brand achieve 2022 corporate objectives
HOUSTON, Aug. 31, 2022 /PRNewswire/ -- Francesca's Acquisition, LLC, a specialty retailer operating a nationwide chain of boutiques providing customers with a unique and personalized shopping experience for carefully curated fashion, accessories, jewelry, and lifestyle products, today announced the appointment of two new technology leaders to their executive team.
Mike Early will join francesca's® as Senior Vice President and Chief Technology officer, effective August 29th. Early is a well-rounded business and technology executive with proven experience working in numerous functions within the retail space, including merchandising, finance, supply chain, strategic planning, and technology. As a retail veteran, Early possesses a comprehensive understanding of industry challenges and trends.
Mike has spent nearly 13 years with Build-A-Bear, where he most recently served as CIO responsible for global technology strategy and execution, leading the effort to rebuild the company's technology capabilities to support its strategic growth plan. Prior to Build-A-Bear, Mike spent almost 12 years with Macy's Department Stores where he held various leadership roles supporting the brand's apparel retail business.
"During my journey to learn more about francesca's® I was struck by the passion everyone I met has for our guests and the respect they have for each other. I am excited to be able to work with everyone across the organization to create great digital experiences for our customers and our associates," said Early.
Laura Schick joins the francesca's® team as Vice President, eCommerce, bringing 20-plus years of retail experience and a unique background in Merchandising, Planning, Marketing Operations, Creative Operations, Go to Market Transformation and eCommerce leadership to the brand.
"I am thrilled to be joining the francesca's® team. The brand statement 'Free to be You' has really resonated with me. There is an authenticity to the fran customer, and the customer-first company culture that is inspiring. There is so much potential for both francesca's® and franki, and I look forward to being part of that journey!" said Schick.
These executive appointments will enhance the brand's ability to build customer loyalty and curate enjoyable and exciting shopping experiences across all channels.
"At francesca's®, we have invested heavily in ensuring our platforms and service reflect a user experience that consumers today expect. By bringing on both Mike Early and Laura Schick, we're refining and expanding upon the infrastructure needed to remain ahead of the curve, anticipate change, and retain a loyal customer base," said Andrew Clarke, CEO of francesca's®.
About francesca's®
francesca's® is a specialty retailer which operates a nationwide chain of boutiques providing customers a unique, fun and personalized shopping experience. The merchandise assortment is a diverse and balanced mix of apparel, jewelry, accessories and gifts. Today, francesca's® operates approximately 454 boutiques in 45 states and also serves its customers through francescas.com. For additional information on francesca's®, please visit www.francescas.com.
Contact: francescas@kwtglobal.com
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SOURCE francesca's | https://www.kxii.com/prnewswire/2022/08/31/francescas-appoints-executive-leadership-enhance-technology-capabilities/ | 2022-08-31T13:44:49Z |
TORONTO, June 30, 2022 /PRNewswire/ - Humble & Fume Inc. (CSE: HMBL) (OTCQX: HUMBF) ("Humble" or the "Company"), a leading North American distributor for cannabis and cannabis accessories, is pleased to announce the detailed voting results for the 2021 Annual General Meeting of Shareholders (the "Meeting"), held on June 29, 2022, which includes the election of Mark Hubler to the Board of Directors.
The following five nominees were elected to the Board of Directors of the Company (the "Board") to serve until the next annual meeting of shareholders, or until their successors are elected or appointed. The results of the vote are as follows:
MNP LLP, Chartered Accountants, Licensed Public Accountants were reappointed auditors of the Company to hold office until the next annual meeting, and the Board is authorized to fix their remuneration. The results of the vote were as follows:
Mr. Hubler is the President and Chief Executive Officer of Johnson Brothers, one of the largest family-owned, and leading, wine, spirits, and beer distributors, providing world class service to customers across the United States. Mr. Hubler brings extensive experience in the distribution sector, with expertise in operations in both regulated and unregulated environments, as well as in sustainability and risk management. Previous to his current role, Mr. Hubler spent 17 years in various leadership roles at Diageo North America including most recently serving as President of North America US-Spirits. Mr. Hubler also spent significant time in Non-Alcohol CPG including both Coca-Cola Enterprises and Quaker Oats where his career track included commercial roles as well as Business Analytics and Marketing.
"We are very pleased to welcome Mr. Hubler as a new independent director," said Jakob Ripshtein, Chairman of Humble & Fume Inc.'s Board of Directors. "With over 35 years of experience and leadership in the beverage and beverage distribution industry, Mark possesses deep industry experience, and we look forward to gaining his valuable perspectives as a Board member."
The Company has filed a report of voting results on all resolutions voted on at the Meeting on www.sedar.com.
About Humble & Fume Inc.
Humble & Fume Inc. is a leading North American distributor of cannabis and cannabis accessories. Humble is committed to our brand and retail partners to help grow their businesses by providing data-driven insights, proven go-to-market expertise and best-in-class distribution for cannabis and cannabis accessories. As the only fully-integrated cannabis distribution solution, Humble bridges the gap for retailers, Canadian licensed producers, American multi-state operators, and cannabis customers increasing sales penetration to maximize financial performance. With over 20 years of North American operating experience, Humble has cultivated extensive vendor and customer relationships distributing premium cannabis consumables and consumption devices. The Company is comprised of Humble+Fume / B.O.B. Headquarters Inc., Windship Trading LLC, and Humble Cannabis Solutions.
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SOURCE Humble & Fume Inc. | https://www.mysuncoast.com/prnewswire/2022/06/30/humble-amp-fume-inc-announces-voting-results-annual-general-meeting-shareholders-welcomes-new-independent-director-mark-hubler-board-directors/ | 2022-06-30T22:07:50Z |
NYSE AMERICAN: SVM
VANCOUVER, BC, Aug. 11, 2022 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reported its financial and operating results for the three months ended June 30, 2022 ("Q1 Fiscal 2023"). All amounts are expressed in US Dollars, and figures may not add due to rounding.
- Mined 300,104 tonnes of ore and milled 298,176 tonnes of ore, up 30% and 23% compared to the prior year quarter;
- Sold approximately 1.9 million ounces of silver, 1,100 ounces of gold, 19.1 million pounds of lead, and 6.9 million pounds of zinc, representing increases of 17%, 10%, and 14% in silver, gold and lead sold, and a decrease of 5% in zinc sold, compared to the prior year quarter;
- Revenue of $63.6 million, up 8% compared to $58.8 million in the prior year quarter;
- Net income attributable to equity shareholders of $10.2 million, or $0.06 per share, compared to $12.2 million, or $0.07 per share in the prior year quarter;
- Adjusted earnings attributable to equity shareholders of $13.5 million, or $0.08 per share, compared to $15.8 million, or $0.09 per share in the prior year quarter. The adjustments were made to remove impacts from impairment charges, share-based compensation, foreign exchange, mark-to-market equity investments, and the share of associates' operating results.
- Cash flow from operations of $40.2 million, up 10% or $3.7 million compared to $36.5 million in the prior year quarter;
- Cash cost per ounce of silver, net of by-product credits, of negative $1.57 compared to negative $1.43 in the prior year quarter;
- All-in sustaining cost per ounce of silver, net of by-product credits, of $9.25 compared to $7.46 in the prior year quarter;
- Spent and capitalized $3.1 million on exploration drilling, $9.7 million on underground development and $1.2 million on the construction of the new mill and tailings storage facility;
- Paid $2.2 million of dividends to the Company's shareholders;
- Spent $0.9 million to buy back 334,990 common shares of the Company under its Normal Course Issuer Bid, and subsequent to the quarter, bought back further 404,970 common shares of the Company for $1.0 million; and
- Strong balance sheet with $215.8 million in cash and cash equivalents and short-term investments, up $2.9 million or 1% compared to $212.9 million as at March 31, 2022. The Company holds further equity investment portfolio in associates and other companies with a total market value of $147.4 million as of June 30, 2022.
CONSOLIDATED FINANCIAL RESULTS
Net income attributable to equity holders of the Company in Q1 Fiscal 2023 was $10.2 million or $0.06 per share, compared to $12.2 million or $0.07 per share in the three months ended June 30, 2021. ("Q1 Fiscal 2022").
In Q1 Fiscal 2023, the Company's consolidated financial results were mainly impacted by i) an increase of 17%, 10%, and 14%, respectively, in silver, gold and lead sold; ii) an increase of 6%, 5%, and 20%, respectively, in the realized selling prices for gold, lead and zinc; iii) a foreign exchange gain of $1.7 million arising from the appreciation of the US dollar against the Company's functional currencies, mainly the Chinese yuan and the Canadian dollar; offset by iv) a decrease of 13% in the realized selling price for silver; v) a decrease of 5% in zinc sold; vi) a loss of $2.7 million on equity investments; and vii) an increase of 7% in per tonne production costs.
Revenue in Q1 Fiscal 2023 was $63.6 million, up 8% compared to $58.8 million in Q1 Fiscal 2022.
Income from mine operations in Q1 Fiscal 2023 was $24.9 million, down 2% compared to $25.5 million in the prior year quarter. Income from mine operations at the Ying Mining District was $21.4 million, up 1% compared to $21.2 million in Q1 Fiscal 2022. Income from mine operations at the GC Mine was $3.6 million, down 19% compared to $4.4 million in Q1 Fiscal 2022.
Cash flow provided by operating activities in Q1 Fiscal 2023 was $40.2 million, up 10% or $3.7 million, compared to $36.5 million in Q1 Fiscal 2022.
The Company ended Q1 Fiscal 2023 with $215.8 million in cash, cash equivalents and short-term investments, up 1% or $2.9 million, compared to $212.9 million as at March 31, 2022.
Working capital as at June 30, 2022 was $182.0 million, down 2% compared to $186.3 million as at March 31, 2022.
CONSOLIDATED OPERATIONAL RESULTS
In Q1 Fiscal 2023, the Company mined 300,104 tonnes of ore, up 30% compared to 231,235 tonnes in Q1 Fiscal 2022. Ore milled in Q1 Fiscal 2023 was 298,176 tonnes, up 23% compared to 243,077 tonnes in Q1 Fiscal 2022.
In Q1 Fiscal 2023, the Company produced approximately 1.9 million ounces of silver, 1,100 ounces of gold, 19.1 million pounds of lead, and 6.9 million pounds of zinc, representing increases of 26%, 10% and 20%, respectively, in silver, gold and lead production, and a decrease of 4% in zinc production over Q1 Fiscal 2022. The Company is on track to produce 7.0 million to 7.3 million ounces of silver, 6,300 to 7,900 ounces of gold, 68.4 million to 71.3 million pounds of lead, and 32.0 million to 34.5 million pounds of zinc in Fiscal 2023.
Compared to Q1 Fiscal 2022, the Company's consolidated per tonne costs in the current quarter were mainly impacted by i) inflationary cost pressure resulting in higher material and utility costs; ii) an average 9% increase in employees' pay rates; iii) increased drilling and tunneling resulting in higher costs included in mining costs and sustaining capital expenditures; offset by iv) an average 2% depreciation of the Chinese yuan against the US dollar.
In Q1 Fiscal 2023, on a consolidated basis, a total of 122,930 metres or $4.9 million worth of diamond drilling were completed (Q1 Fiscal 2022 – 107,913 metres or $4.6 million), of which approximately 66,999 metres or $1.8 million worth of underground drilling were expensed as part of mining costs (Q1 Fiscal 2022 – 50,666 metres or $1.3 million) and approximately 55,931 metres or $3.1 million worth of drilling were capitalized (Q1 Fiscal 2022 – 57,247 metres or $3.3 million). In addition, approximately 11,682 metres or $4.1 million worth of preparation tunnelling were completed and expensed as part of mining costs (Q1 Fiscal 2022 – 6,955 metres or $2.8 million), and approximately 24,958 metres or $9.7 million worth of tunnels, raises, ramps and declines were completed and capitalized (Q1 Fiscal 2022 – 17,263 metres or $6.8 million).
An application for a mining permit for the Kuanping Project has been submitted and is pending review and approval by the relevant provincial government authorities.
As of June 30, 2022, a total of $1.2 million expenditures have been incurred on the construction of the new 3,000 tonne per day floatation mill (the "New Mill") and the new tailings storage facility (the "TSF"). The preliminary design and engineering survey, the water and soil conservation studies for the New Mill and the TSF, and the feasibility study for the TSF have been completed. The Company also received the construction permit for the New Mill and is in the process of negotiating purchases of major equipment for the New Mill. The Company expects that the final approval of the environmental and safety assessment studies, and the detailed engineering design of the New Mill and the TSF will be granted in the second quarter of Fiscal 2023.
A conference call to discuss these results will be held tomorrow, Friday, August 12, at 9:00 am PDT (12:00 pm EDT). To participate in the conference call, please dial the numbers below.
Canada/USA TF: 888-664-6383
International Toll: 416-764-8650
Conference ID: 38775517
Participants should dial-in 10 – 15 minutes prior to the start time. A replay of the conference call and transcript will be available on the Company's website at www.silvercorp.ca.
Mr. Guoliang Ma, P.Geo., Manager of Exploration and Resources of the Company, is the Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and has reviewed and given consent to the technical information contained in this news release.
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorp.ca.
Silvercorp Metals Inc.
Lon Shaver
Vice President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorp.ca
This earnings release should be read in conjunction with the Company's Management Discussion & Analysis ("MD&A"), the unaudited condensed consolidated interim financial statements and related notes contains therein for the three months ended June 30, 2022, which have been posted on SEDAR under the Company's profile at www.sedar.com and are also available on the Company's website at www.silvercorp.ca under the Investor section. This earnings release refers to various alternative performance (non-IFRS) measures, such as adjusted earnings and adjusted earnings per share, cash costs and all-in sustaining costs per ounce of silver, net of by-product credits, production costs and all-in sustaining production costs per tonne of ore processed and working capital. These measures are widely used in the mining industry as a benchmark for performance, but do not have standardized meanings under IFRS as an indicator of performance and may differ from methods used by other companies with similar description. The detailed description and reconciliation of these alternative performance (non-IFRS) measures have been incorporated by reference and can be found on page 24, section 11 – Alternative Performance (Non-IFRS) Measures in the MD&A for the three months ended June 30, 2022.
Certain of the statements and information in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws (collectively, "forward-looking statements"). Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company's material properties; the sufficiency of the Company's capital to finance the Company's operations; estimates of the Company's revenues and capital expenditures; estimated production from the Company's mines in the Ying Mining District and the GC Mine; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company's operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company's properties.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks relating to: global economic and social impact of COVID-19; fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licences; title to properties; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company's existing operations; competition; operations and political conditions; regulatory environment in China and Canada; environmental risks; foreign exchange rate fluctuations; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management; internal control over financial reporting; and bringing actions and enforcing judgments under U.S. securities laws.
This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company's Annual Information Form under the heading "Risk Factors" and in the Company's Annual Report on Form 40-F, and in the Company's other filings with Canadian and U.S. securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements.
The Company's forward-looking statements are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
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SOURCE Silvercorp Metals Inc | https://www.wibw.com/prnewswire/2022/08/11/silvercorp-reports-adjusted-earnings-135-million-008-per-share-cash-flow-operations-402-million-q1-fiscal-2023/ | 2022-08-11T23:01:16Z |
Incipio Grip and kate spade new york Protective Hardshell Cases Offer Fashionable, Long-Lasting Protection for the Galaxy Z Flip4 and Z Fold4
TUSTIN, Calif., Aug. 10, 2022 /PRNewswire/ -- Vinci Brands, a global leader in consumer tech protection, carry and power solutions, today announced availability of the Incipio Grip and kate spade new york Protective Hardshell cases for the all-new Samsung Galaxy Z Flip4 and Z Fold4. Equipped with essential everyday features such as drop protection, antimicrobial defense, wireless charging and 5G compatibility, the cases provide fashionable, premium protection for the latest Galaxy Z devices. To reduce impact on the environment, the new Incipio and kate spade new york cases are made from recycled materials, are BPA-free, and feature recycled packaging.
Incipio and kate spade new york cases for the all-new Samsung Galaxy Z devices have been certified to meet Samsung performance standards through the Samsung Mobile Accessory Partnership Program (SMAPP).
"Vinci is proud to offer environmentally-friendly and fashionable cases for the new Samsung Galaxy Z Flip and Z Fold devices to ensure our customers stay protected and productive on-the-go," says Brian Stech, CEO of Vinci Brands. "Every case we make balances innovation, sustainability, style, and reliability, offering consumers a product they can trust to protect their device and their investment. Plus, with Vinci's partnerships with 1% for the Planet and Close the Loop, Incipio and kate spade new york cases provide protection you can feel good about."
Incipio Grip for Samsung Galaxy Z Flip4 and Z Fold4
The Grip case's multidirectional grip enhancers stop drops before they happen. Integrated Impact Struts technology absorb shock, while industry-leading raised-edge bezels provide maximum protection against screen scratches and face drops on uneven surfaces. Available in Black and Midnight Navy colorways. Additional features include:
- Slim, form-fitting design in dual-layer, one-piece construction
- Antimicrobial protection eliminates 99.9% of surface bacteria
- Superior scratch resistance and discoloration defense
- 5G compatible
- Wireless charging compatible
kate spade new york Protective Hardshell for Samsung Galaxy Z Flip4 and Z Fold4
Show off your sophisticated side with the modern designs of kate spade new york. The co-molded Protective Hardshell's lightweight, slim design with shock-resistant bumper protects against drops and is perfect for everyday use. Available in iconic kate spade new york Hollyhock Floral and Scattered Flowers Iridescent prints. Additional features include:
- Slim shape and graceful contouring
- Antimicrobial protection eliminates 99.9% of surface bacteria
- Scratch resistant capabilities to keep the design fresh
- 5G compatible
- Wireless charging compatible
As part of its commitment to driving environmental responsibility, Vinci is a proud member of 1% for the Planet, donating 1% of global e-commerce revenue from Incipio.com to support environmental nonprofit partners.
Additionally, Vinci's collaboration with Close the Loop USA (CtL) continues to divert waste from landfills by offering users an end-of-life solution for their used phone case. At no charge, customers can receive a pre-paid shipping label to send a case from any brand to CtL for recycling by visiting Incipio.com.
The Incipio and kate spade new york cases for the Samsung Galaxy Z Flip4 and Galaxy Z Fold4 are available for purchase at Incipio.com for MSRP $69.99, with select cases coming soon to Verizon.com and Verizon stores nationwide.
Vinci Brands is a global leader in consumer tech protection, carry and power solutions operating an innovative and diverse portfolio of owned and licensed brands at the intersection of design, functionality, sustainability, and lifestyle. The company has an award-winning product portfolio that includes protective cases, shells, sleeves, bags, power management, enterprise and B2B solutions sold under the Incipio, Incase, Survivor, Griffin, kate spade new york, and Coach brands. Vinci Brands has operations in the United States, United Kingdom, Netherlands, Australia, and China. For more information visit www.vincibrands.com.
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SOURCE Vinci Brands | https://www.wibw.com/prnewswire/2022/08/10/vinci-brands-debuts-sustainable-premium-cases-incipio-kate-spade-new-york-new-samsung-galaxy-z-devices/ | 2022-08-10T16:20:47Z |
Which Coleman or Weber tailgate grill is best?
What tailgating party is complete without a portable grill for cooking up your favorite hamburgers, hotdogs and other delicious foods for your friends and family? It can be difficult to decide which portable grill is best for your specific needs.
Coleman and Weber are both outdoor brand giants. Coleman has 120 years of providing trusted outdoor equipment, including grills, and Weber is also a longtime, respected grill maker that hails from the 1950s. For more information on portable grills, check out the BestReviews buying guide.
What should I look for in a portable grill?
Fuel type
You can choose charcoal, propane gas or liquid propane. Although propane is more commonly used, charcoal is preferred by many grilling experts.
Size
Consider the size and weight, and check the dimensions to make sure it’ll fit in your vehicle and can be easily transported to your tailgating location.
Grill area
Look at the dimensions of the grill area given in square inches. If you’re cooking for a large crowd, you’ll want more grill space to feed more people at a time.
Performance
For grills, power is given in British Thermal Units (BTU). Experts suggest you should have more than 50 BTU per square inch to get a good sear.
Coleman grills
Coleman is a longtime manufacturer of outdoor equipment, including lighting, tents, coolers and grills, and aims to meet people wherever there are friends, coolers and campfires. During World War II, Coleman helped soldiers eat hot meals with its camp stoves, and it launched its portable RoadTrip Grill in 2003.
Coleman grills are all compact. The Fold N Go design weighs just 10 pounds and fits in a backpack. The RoadTrip models weigh 50 pounds and fold down to easily fit in a trunk.
How much does a Coleman grill cost?
Coleman grills are quite affordable. The propane Fold N Go models start at just $50, and the larger tabletop models are around $100. Their mid-range Sport is about $175, while the top-of-the-line RoadTrip LXE is only $400.
Coleman grill pros
- Offers compact, easily portable Fold N Go models.
- Have removable grates for griddle or stove inserts.
- Often has easy push-button ignition.
- Uses a 16 ounce propane bottle, enough to fuel most grills.
Coleman grill cons
- Less durable construction.
- The company doesn’t provide replacement parts.
- Some models don’t include tools or accessories.
Best mini Coleman grill for tailgating
If you want a small, round, propane grill similar to a Weber charcoal grill for under $60, this is your best bet. This 6 pound model offers push-button electronic ignition, even temperatures and detachable legs. This model doesn’t include a propane tank, lid or bag.
Sold by Amazon, Dick’s Sporting Goods, Home Depot and Kohl’s
Best bang for the buck Coleman grill for tailgating
Coleman Fold N Go Propane Grill
This portable folding grill has a horseshoe-like design (14 inches by 16 inches), a built-in handle and covers 105 square inches. It delivers 6,000 BTUs of heat and has a removable dishwasher-safe cooking surface and grease tray for easy cleaning.
Sold by Amazon
Best overall Coleman grill for tailgating
Coleman Gas Camping Grill/Stove
This model allows you to grill and use the stove at the same time, offers 130 square inches of grilling area and fits a 10 inch pan. It’s powerful with up to 20,000 total BTUs, more efficient cooking with less fuel, pressure-control technology and two adjustable burners.
Sold by Amazon
Best of the best Coleman grill for tailgating
Coleman RoadTrip Sport Propane Grill
This lightweight, durable and easy-to-transport model offers a large 225 square-inch cooking surface with porcelain-coated grates for easy clean-up. It’s made to be used with a 16 ounce propane cylinder.
Sold by Amazon
Weber grills
A specialty maker of charcoal, gas, electric and portable grills, Weber was built on the belief that there is nothing better than enjoying a delicious meal outside with the ones you love. In 1952, Weber’s founder devised a new grill design inspired by a buoy’s shape, which incited excitement about kettle grills and kicked off the world’s leading barbecue brand.
Trying to choose a Weber grill can get complicated, because the company offers so many models. You also have to consider the size, fuel, grate and other features.
How much does a Weber grill cost?
Weber portable grills range in size from 145 to 240 square inches and usually cost between $35-$70. A small charcoal grill usually costs between $90-$400.
Weber grill pros
- High-quality construction.
- Many models have an easy push-start ignition.
- Larger models have nice built-in features, like thermometers.
- Replacement parts are available.
Weber grill cons
- More expensive.
- Decision fatigue from so many models.
- Charcoal grills have less cooking area and fewer features.
Best Weber grill for tailgating
Best mini Weber propane portable grill
This model features a push-button igniter, a porcelain-enameled grate and 160 square inches of cooking space. Its steel legs pivot to lock in place, and it uses a 14.1 ounce propane tank.
Sold by Amazon, Dick’s Sporting Goods and Home Depot
Best bang for the buck Weber portable grill
Weber Jumbo Joe 18-inch Charcoal Grill
This deep tabletop grill is an excellent choice: lightweight and compact, with a larger grilling area that holds up to eight burgers and a convenient carry handle. The porcelain-enameled lid and bowl retain heat and won’t rust or peel, and the Tuck-N-Carry lid lock doubles as a lid holder.
Sold by Amazon
Best overall Weber grill
Weber Q1200 Liquid Propane Grill
This light and sturdy grill is easy to carry and assemble, offers 189 square inches of grill space (enough to hold 15 burgers) and gets up to 500 degrees Fahrenheit after only 15 minutes with the lid closed. It has flare-out trays to hold plates and tools and comes in many fun colors.
Sold by Amazon and Home Depot
Best of the best Weber grill
Weber Q2200 1-Burner Portable Liquid Propane Grill
This lovely model offers 280 square inches of cooking area with a 12,000 BTU-per-hour stainless steel burner. It has porcelain-enameled, cast-iron cooking grates, electronic ignition with a built-in thermometer and two folding working tables.
Sold by Amazon, Dick’s Sporting Goods and Home Depot
Should you get a Coleman or Weber grill for tailgating?
Overall, Weber grills are more expensive than Coleman grills, but since Weber specializes in grills, that’s to be expected. If you’re on a budget, Coleman grills are probably your best bet. If you’re willing to pay a bit more for high-quality construction and features, Weber is the grill for you.
For more on Coleman grills and Weber grills, check out BestReviews’ guides.
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Jane VanVooren Rogers 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/camping-outdoors-br/camp-cooking-br/coleman-tailgate-grill-vs-weber-tailgate-grill-which-is-best-for-your-party/ | 2022-07-24T19:35:09Z |
Partnership offers strategic opportunity to market managed accounts to global databases
NEW YORK, June 15, 2022 /PRNewswire/ -- Zephyr, a subsidiary of Informa plc (LSE: INF), and a recognized leader in providing data, insight and analysis to investment professionals, has announced a partnership between its PSN SMA Data Group and Investment Management Support Solutions (IMSS), allowing investment managers to extend the distribution of qualitative and quantitative information globally. The announcement comes at a time of significant growth within the managed account sector for investors as well as double digit growth in new managed account offerings. IMSS offers managers the potential for greater reach across the institutional segment as well as to wealth managers.
PSN has remained one of the most influential resources for separately managed accounts for nearly four decades and continues to be at the forefront of the 100 trillion-dollar asset management industry. As the retail investment channel has substantially grown, PSN has responded by providing asset managers meaningful ways to effectively reach plan sponsors, institutional investors, broker-dealers, RIAs and investment consultants.
"PSN led the curation, access and distribution of separately managed account data nearly four decades ago because they understood the enormous value it provided to investment professionals," says Chris Volpe, Head of Informa Financial Intelligence's Zephyr business. "Our partnership with IMSS now offers a path to streamlining the reporting process to databases while ensuring accurate, timely and complete data is refreshed."
Founded by Patricia Sandoz, IMSS automates and distributes information via Data-Centrix, a proprietary data and document software platform developed by Sandoz, whose nearly three decades of experience in the industry has been committed to offering a cost-effective, efficient solution for managers interested in a more extensive marketing and strategic distribution of their products.
"PSN continues to offer an important platform for investment managers to showcase their products at no cost," adds Margaret Tobiasen, Senior Vice President of Data Distribution, who oversees Zephyr's PSN SMA Data Group. "We look forward to additional opportunities that our partnership with IMSS will bring to our managers."
"Our partnership with PSN allows IMSS to offer managers a robust outsourced solution to consistently deliver accurate, complete, and up-to-date reporting," says Sandoz who believes that taking a hands-on approach in reporting has allowed her to stay abreast of the evolving database landscape. "We are committed to enhancing our software functionality, features, and new field requirements to ensure the highest visibility for managers."
Model-delivered separate accounts are opening new opportunities for asset managers. According to a 2020 Cerulli survey, more than 40 percent of managed account sponsored expressed an interest in adding them to client portfolios. The challenge, however, continues to be in standing out in an ever-increasing crowded space. PSN data requests for each SMA is designed to provide managers with more opportunities to do just that. PSN's partnership with IMSS provides an opportunity to conveniently update information across numerous distribution challenges.
To learn more about Zephyr's PSN SMA Data Group partnership with IMSS, visit https://pages.financialintelligence.informa.com/IMSS_PSN_Partnership.
About PSN
Zephyr PSN is the longest running SMA database in the world. Over the nearly four decades since it launched, PSN has continually pioneered the delivery of valuable SMA data to its customers, always accurate, consistently verified. Where there was no access, PSN built inroads and set the standard in 1984. Today, it leads the way in providing unbiased, high quality, detailed information across 2000 data points.
About Investment Management Support Solutions (IMSS)
IMSS is a leading resource for database management and automation. The company also provides vital database overview, existing profile clean-up, ongoing updates and maintenance. Its comprehensive onboarding is customized for new firms, offering a strategic review to maximize client goals. IMSS also assists with managers with initial draft RFP & DDQ creation. Visit IMSS-LLC.com to learn more.
About Zephyr
Zephyr provides investment professionals access to timely information, exclusive research and comprehensive data to keep their clients engaged and informed. The Zephyr Platform consistently scores high among users for its ease of use, custom client presentation options, portfolio performance generation and ESG analysis tools. The Zephyr team is committed to ensuring their customers possess all the necessary resources to exceed their client's expectations. In March Zephyr was awarded the 2022 Fintech Breakthrough Award for Best Financial Research and Data Company. For additional information about Zephyr and its solutions, visit: https://pages.financialintelligence.informa.com/Zephyr-Financial-Solutions to learn more about Zephyr or to request a demo or 14-day free trial on the Zephyr platform.
MEDIA CONTACT:
Zach Allegretti, JConnelly
973-850-7341
zallegrettiII@jconnelly.com
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SOURCE Zephyr | https://www.wibw.com/prnewswire/2022/06/15/psn-partners-with-investment-management-support-solutions-imss-extending-qualitative-quantitative-separately-managed-account-data/ | 2022-06-15T19:51:53Z |
AUSTIN, Texas, May 20, 2022 /PRNewswire/ -- Today, Vrbo® revealed its first-ever list of Vacation Homes of the Year to recognize ten best-in-class vacation homes across the U.S. The stunning private vacation homes range from the sunny beaches of Florida to the mountains of Montana and are ideal places for families and friends to stay together.
The 2022 Vacation Homes of Year are all located in popular vacation destinations and met required selection criteria, including a combination of 5-star ratings, guest reviews, number of bookings, Premier Host status, and family-friendly amenities available.
"The Vacation Homes of the Year exemplify why families have trusted Vrbo for decades. They have a proven track record of earning excellent ratings and reviews, and the hosts who own and manage these places are dedicated to going above and beyond for their guests," said Alison Kwong, Vrbo spokesperson. "We also know every family has different tastes and vacation preferences, so this list represents a variety of price points, destinations, types of properties and design."
Vrbo's 2022 U.S. Vacation Homes of the Year:
- Big Sky, Montana: This remote mountain lodge is located on 20 acres in the mountains near Yellowstone National Park. Outdoor enthusiasts appreciate the hiking, cross-country skiing, mountain biking and fishing, but the views are what secured this home's place on the list.
- Broken Bow, Oklahoma: This pet-friendly modern cabin is a hit with extended families, multi-generational groups, and people traveling with kids. This cabin sleeps 18 people, comes with a spacious outdoor patio for grilling, and a game room with twelve bunk beds.
- East Hampton, New York: This contemporary farmhouse is a short walk from Georgica Beach. With thirty-five 5-star ratings, guests love the gourmet kitchen, private pool and 15-foot movie screen in the house's home theater.
- Gatlinburg, Tennessee: This cozy chalet has fifty 5-star ratings. It is located near Dollywood and Smoky Mountain National Park and provides the outdoor lawn games, indoor arcade games and a pool table for competitive guests or families with kids.
- Hawaii Island, Hawaii: This oceanfront retreat overlooks the Pacific Ocean where guests can watch whales, dolphins, and the sunset every day. The infinity pool is a welcome alternative for guests who want to avoid crowded resorts and have a quieter vacation.
- Hilton Head, South Carolina: The host of this luxury beachfront house in Hilton Head, South Carolina has been in the vacation rental business for over a decade. This home has panoramic views of the ocean, a heatable pool, fully-stocked chef's kitchen, and 24/7 personal property concierge services.
- Palm Springs, California: This designer retreat in the Little Tuscany neighborhood comes with a pool, alfresco dining areas and outdoor kitchen, eclectic art and furnishings inside the vacation home, and even a Peloton bike available for guests to use.
- Santa Rosa Beach, Florida: This oceanfront beach house in Santa Rosa Beach, Florida has almost fifty 5-star ratings and sleeps 16 guests. The host of this vacation home has been with Vrbo for 15 years and his property has its own private pool and balconies overlooking the waves.
- Sawyer, Michigan: The hosts of this modern property near Lake Michigan have been in the vacation rental business for the last six years. This getaway is a short walk or bike ride to Warren Dunes state park, and guests love the multiple outdoor gathering spaces by the hot tub and firepit.
- Telluride, Colorado: A perfect place for adventurous travelers and nature lovers, this mountain lodge is situated between Telluride ski resort and Mountain Village. It's called "Overlook Haus" because of the breathtaking mountain views from almost every room in the house.
See the full list and more photos of the 2022 Vacation Homes of the year here and save these places on your Vrbo Trip Board for the next time you are planning a get together with your family or closest friends.
About Vrbo
In 1995, Vrbo introduced a new way for people to travel together, pairing homeowners with families and friends looking for places to stay. We were grounded in one purpose: To give people the space they need to drop the distractions of everyday life and simply be together.
Since then, we've grown into a global community of homeowners and travelers, with unique properties around the world. Vrbo makes it easy and fun to book cabins, condos, beach houses and every kind of space in between.
Vrbo is part of Expedia Group and offers homeowners and property managers exposure to over 750 million visits to Expedia Group sites each month. To learn more, visit www.vrbo.com.
© 2022 Vrbo, an Expedia Group company. All rights reserved. Vrbo, HomeAway, the Vrbo logo, and the HomeAway logo are trademarks of HomeAway.
For more information, please contact media@vrbo.com.
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SOURCE Vrbo | https://www.mysuncoast.com/prnewswire/2022/05/20/vrbo-reveals-2022-us-vacation-homes-year/ | 2022-05-20T14:27:32Z |
ST. PAUL, Minn., June 29, 2022 /PRNewswire/ -- St. Paul, Minnesota-based Visualz, a full-service supplier of educational resources and customized design projects, and Madison, Wisconsin-based ProTeam Foodservice Advisors, which offers comprehensive consulting services to educational foodservice leaders, have teamed up to integrate their design and consulting services for school cafeterias that need a visual transformation.
With the power of customized design for cafeteria makeovers from Visualz and the consulting expertise of Fresh Eye Reviews from ProTeam Foodservice Advisors, cafeterias will get new personalities with individualized graphics packages to increase breakfast and lunch participation, improve student dining satisfaction and celebrate good nutrition.
"The partnership is expected to expand the awareness of what value Visualz can bring to the table and is a natural progression for the two companies who share common audiences," said Visualz's Cindy Scheurer.
"I can't wait to see the fusion of each of our expertise to bring the best resources to schools for their cafeteria upgrades," said ProTeam's Paul Mackesey.
Visualz brings your organization's most important messages to life through engaging visuals. We harness the power of graphics and positive messaging to create one-of-a kind food, nutrition and life skills educational resources that are used by schools, SNAP-Ed, EFNEP, and Public Health customers, along with Farmers Markets, WIC offices, and food banks. Learn more at www.getvisualz.com.
ProTeam is here to help you achieve your vision of excellence. Whether you need a quick phone consultation to solve a challenge on your plate today, or an in-depth project to take your program to the next level, we're here for you. With seasoned, experienced professionals who've been in your shoes, every solution we offer meets your exacting standards of practical, workable and affordable. Learn more at www.proteamadvisors.com.
MEDIA CONTACT
Tyler Coleman
tyler@linnihanfoy.com
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SOURCE Visualz, a Division of Vomela | https://www.mysuncoast.com/prnewswire/2022/06/29/visualz-proteam-foodservice-advisors-announce-partnership-transform-school-cafeterias-with-fresh-makeovers/ | 2022-06-29T15:47:56Z |
Nation’s longest-serving school principal going strong at 77
CHALMETTE, La. (WVUE/Gray News) - On a typical school day, 2,200 students walk the halls of Chalmette High School, 115 teachers have class, and one man is in charge, 77-year-old Wayne Warner.
“They keep you young. They make you laugh,” he says. “I think I have a good thing going on here to keep young.”
Warner has been the principal of Chalmette High for 49 years, inspiring students for decades, and is known for his humble, kind demeanor, WVUE reported.
“He is generous. He is so involved in everyday school,” Beau Nunez says.
You can find Warner frequently walking the hallways of the massive 35-acre campus.
Warner started teaching at Chalmette High in 1966. He began as a librarian at 22 and eventually became a social studies teacher.
“I was very lucky to get a job,” he recalls.
He says he felt an immediate connection to Chalmette High and worked his way up to the assistant principal.
At just 29 years old, in 1973, Warner was awarded the top job.
“I didn’t think I deserved it,” he says. “We had so many teachers that were older than and me and more experienced and so forth.”
Surprised by the promotion, Warner was overcome with pride.
“Not just any school. I was principal of Chalmette High School,” he says. “Very special thing at that time.”
His first order of business as principal was to give kids school spirit.
“As the years went on, it caught on and the culture developed about being a student at Chalmette High School,” he says.
In 1992, Carole Mundt, known as “Cookie,” became Warner’s assistant principal and the two have worked side-by-side ever since.
“I’ve learned from him every single day and I think he picks up a gem or two from me from time to time,” she says.
Over his five decades as principal, Warner’s seen it all.
The school has transitioned from all boys to co-ed. When Katrina hit, 98% of St. Bernard Parish went underwater, but Warner never waivered. Chalmette High became a refuge for residents.
“That was a real tough time to go through because we didn’t know if people were going to come back,” he says.
Two and a half months later, Chalmette High reopened as the Unified Recovery School, serving as an anchor for residents to return home and rebuild.
Today, it’s the only high school in the parish.
“We have a beautiful facility now and we have a lot of great programs,” Warner says.
There’s an Olympic-sized swimming pool, a state-of-the-art theatre, tennis courts, and a television studio.
Generations of family members have come and graduated during Warner’s time, including several members of the school’s administration.
“I hear him say sometimes how he loved school so much that he never left and I feel that way about Chalmette High,” Jill Granberry says. “I loved it because of him. He was such a big part of what Chalmette was and what Chalmette High is.”
“The reason I wanted to be here is Wayne Warner,” Will Schneider said. “The reason I came to school every day is because of Wayne Warner.”
In 2017, Warner earned the title of the longest-serving principal in the country and he’s still going strong.
“It makes me wonder how he was when he was younger because if he’s this active this late in the game... I mean he’s at every sporting event, every extracurricular activity that they have at Chalmette High,” Nunez says. “He’s always there.”
“Every single game. Every basketball game. I look up, there’s Mr. Warner cheering and eating his nachos,” Avania Miller says.
And every single morning he delivers the same message to students: The choices you make today shape your world tomorrow.
“That is so true and I will definitely tell that to my children when they come along,” Miller says.
“If these walls could talk,” Warner says. “There’d be a lot to say, I guarantee ya.”
Copyright 2022 WVUE via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/05/13/nations-longest-serving-school-principal-going-strong-77/ | 2022-05-13T15:01:28Z |
The National Weather Service in Tallahassee has issued a
* Severe Thunderstorm Warning for...
Central Dougherty County in southwestern Georgia...
Lee County in southwestern Georgia...
Eastern Terrell County in southwestern Georgia...
Northwestern Worth County in south central Georgia...
* Until 500 PM EDT.
* At 359 PM EDT, a severe thunderstorm was located near East Albany,
or near Albany, moving north at 15 mph.
HAZARD...60 mph wind gusts.
SOURCE...Radar indicated.
IMPACT...Expect damage to roofs, siding, and trees.
* Locations impacted include...
Leesburg, Albany, Putney, Smithville, East Albany, Marine Corps
Logistics Base, Turner City, Warwick, Chokee, Stocks, Radium
Springs, Forrester, Lockett Crossing, South Albany, Southwest Ga
Regional A/P, Palmyra, Olivers Mill, Neyami, Williamsburg and
Century.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
To report severe weather, contact your nearest law enforcement
agency. They will send your report to the National Weather Service
office in Tallahassee.
&&
HAIL THREAT...RADAR INDICATED;
MAX HAIL SIZE...<.75 IN;
WIND THREAT...RADAR INDICATED;
MAX WIND GUST...60 MPH
Weather Alert
...A strong thunderstorm will impact portions of Dougherty,
southwestern Lee, northeastern Baker, east central Calhoun and
southeastern Terrell Counties in southwestern Georgia through 430 PM
EDT...
At 355 PM EDT, Doppler radar was tracking a strong thunderstorm 7
miles west of Putney, moving northwest at 20 mph.
HAZARD...Wind gusts of 50 to 55 mph.
SOURCE...Radar indicated.
IMPACT...Gusty winds could knock down tree limbs and blow around
unsecured objects.
Locations impacted include...
Leesburg, Putney, Albany, East Albany, Turner City, Walker, Radium
Springs, Red Store Crossroads, Forrester, Lockett Crossing, South
Albany, Southwest Ga Regional A/P, Palmyra, Century, Ducker, Byne
Crossroads, Armena and Williamsburg.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
If outdoors, consider seeking shelter inside a building.
&&
MAX HAIL SIZE...0.00 IN;
MAX WIND GUST...55 MPH
“Sitting idly” ... wow! An insight into this pluralistic out-of-control cultural chaos, where there are no moral, ethical or societal absolutes, where each one’s self-defining freedoms and rights constantly morph to further degrade, divide, alienate, infringe and impose on that of each other. Rejecting God’s better way, it only gets worse.
Yep, throw 200 apartments next to pickleball courts in a bad area and see how many people come to play from elsewhere. Nip it, kill recreation for others before it starts.
$21 million to cover the overall costs to rename nine Confederate-named military bases. Gee ... that sure would have paid for a lot of food stamps.
Patriot, why do you keep lying in the Squawkbox? The new bill will not raise taxes on middle- and lower-income people. You are about as much as a patriot as those domestic terrorists that attacked the Capitol on Jan. 6.
First Bannon, then Jones and now Trump; all the truth denies are getting their just desserts. There is such a thing as karma.
YT, do you lie to your family as much as you and the other DADs lie in the squawkbox about Donald Trump? Remember the pointing fingers and throwing stones sayings?
Now that the Democrats have sent the FBI to raid a former president’s home, you DADs should expect the same to happen to Biden, Clinton, etc. when Republicans return to power.
More evidence of right-wing propaganda: The FBI did not raid Mar-A-Lago on Monday night, they peacefully executed a search warrant based on probable cause. Trump-inspired insurrectionists did raid the Capitol, sought to kill the VP, and assaulted police officers. The Equality Man
It’s time leaders like Clarence Thomas stood up and exerted authority. The left has been getting away with their liberal agenda for too long. Thomas and his conservative fellow justices will now right the wrongs that plague America, helping the true president make America great again.
What do you call a smiling, sober, courteous person at a bar association convention? The caterer.
FBI ... admitted to lying and manufacturing evidence at Ruby Ridge and Waco. Unable to prevent 9-11 and completely unable to identify who the real enemies of the nation are.
High-level Chinese asset and sex trafficker Hunter Biden breathed a sigh of relief as an FBI raid team passed by his West Palm Beach vacation home to raid Donald Trump’s residence.
Who gives a rat’s butt about what YT, the Pin Cushion and =ity man think. They are just egotistical female dogs who think that they are so much smarter than anyone else. They are smart only in their minds, and if they had any smarts at all, they would be educated idiots.
Biden promised to “transform” America. Looks like Biden has kept their promise ... transformed America into the “Gestapo State.”
Squawks about your taxes going up and a Democratic plan to make you middle-class and poor even poorer are getting tiresome. You got an extra $100; Trump and his real constituents got millions. You curse taxing corporations, but you will not take action when drug companies charge you over $1,000 for insulin each month.
Keep it Clean. Please avoid obscene, vulgar, lewd,
racist or sexually-oriented language. PLEASE TURN OFF YOUR CAPS LOCK. Don't Threaten. Threats of harming another
person will not be tolerated. Be Truthful. Don't knowingly lie about anyone
or anything. Be Nice. No racism, sexism or any sort of -ism
that is degrading to another person. Be Proactive. Use the 'Report' link on
each comment to let us know of abusive posts. Share with Us. We'd love to hear eyewitness
accounts, the history behind an article.
According to the July jobs report, employment is back to pre-pandemic levels. Read more about the report here!
This poll is not scientific - results reflect the opinions of respondents. | https://www.albanyherald.com/features/squawkbox/article_cfdbf522-18ad-11ed-aad5-1f86a5a743b5.html | 2022-08-10T20:32:13Z |
BEIJING, July 1, 2022 /PRNewswire/ -- Xinghuo Blockchain Infrastructure and Facility (Xinghuo BIF) and Zetrix have jointly announced the introduction of Blockchain-based Identifiers (BID) / Verifiable Credentials (VC) and Blockchain-based E-signing services to international markets, a major milestone in enabling cross-border business with China on the blockchain.
Xinghuo BIF is a China initiated international blockchain infrastructure supported by all levels of the Chinese Government while MY E.G. Services Bhd ("MYEG"), via its Zetrix blockchain, runs the International Supernode of Xinghuo BIF to connect entities outside China to the Xinghuo BIF. Xinghuo BIF presently resolves 94mil identifiers daily, placing it as the most actively used platform and validates this use case in real world applications.
The BID, an official DID method listed in the DID Specification Registry of World Wide Web Consortium (W3C), is a new approach to realize decentralized identity based on Xinghuo BIF. The initial phase of the BID rollout will include the introduction of Chinese-related credentials, agreements and the corresponding legal frameworks that would serve as the foundation for the establishment of such agreements. Zetrix will connect Chinese parties signing on the domestic Xinghuo BIF network with their international counterparts signing on the Zetrix network.
The BID service is an extension of the existing Xinghuo BID and Xinghuo Blockchain-based E-Signing services that was officially deployed in February 2022. On 12th October 2021, a Memorandum of Understanding between China Academy of Information and Communications Technology (CAICT) and Malaysia-based MYEG, which established the Zetrix chain, announced the strategic cooperation framework between Xinghuo BIF and Zetrix as the international infrastructure to connect China's Xinghuo network to international markets.
"BID and Verifiable Credential form a critical foundation for the digitalisation of trade and services. Beyond the process and trade efficiencies that we envision, this will also counteract the threats of counterfeiting," said Dr. Jin Jian, president of Institute of Industrial Internet and Internet of Things Institute (IIIIoT), CAICT
"BIDs and VCs are critical building blocks of more interconnected Web 3. They are the foundational tools that decentralised apps can call upon to deliver a myriad of new services that would unleash the full potential of blockchain platforms. No other blockchain platform currently provide these services at a scale that matches Xinghuo – Zetrix and we are excited to be the global industry leaders in this real world usecase," said TS Wong, Group Managing Director of MYEG.
Zetrix has engaged credential issuers and certification authorities to ensure the information registered are true to fact, and continues to engage with more stakeholders in strengthening the integrity of this vital facility. Further information is available at zetrix.com.
Blockchain Identity has often been referred to as the missing layer of the Internet, though typically this has resulted in there being multiple identifiers for every user, which often times are temporary or not tied to the real-world identity of users.
Now, through the Xinghuo-Zetrix collaboration, this fundamental layer and its design would give direct control and ownership to its users, a key differentiating factor that will enable a new wave of Web 3 digital processes and transactions.
Zetrix DID solution, which conforms to the Xinghuo Blockchain-based Identifier (BID), will power an on-chain signing service to enable users to transact with certainty and verified identities.
The resultant Zetrix Blockchain-based E-signing Service provides:
- Support for multiple signing templates and user-defined transactions,
- Verification of an individual's or product's documents/credentials, and
- Inquiry of documents or credentials
Organisations can use this service by keying in information and signing using their BID to issue certificates/credentials on the Zetrix blockchain. Users in China and elsewhere with access can search relevant information quickly through the BID identifier resolution service and vice versa.
The Zetrix Blockchain-based E-signing Service carries out signing management throughout the life cycle, maintains operations records and the extraction ability to meet the demand for inquiry and examination. Most importantly, these documents are legally binding if applicable to China laws.
This will in turn improve the efficiency of transactions and agreements across borders for various kinds of use cases. By supporting single-party and multi-party transactions, the service will be able to meet the demands of clients in many contexts including B2B and B2G.
The Xinghuo-Zetrix blockchain certificate service demonstrates that users can inquire the authenticity of any certificate or credentials. It ranges from Government issued credentials like official residency, to provenance of goods, to the adherence of international standards by enterprises.
Users can authenticate certificates online, instead of relying on traditional ways of issuing paper documents for proof. These credentials can then be independently verified using the issuer's public BID. In addition, digital credentials may incorporate smart features, i.e. programming logic.
The combination of the BIDs and Verifiable Credential services will enable a host of varied use cases, from simple issuance of certificates to smart product authenticity documents with ownership history and programmable government issued credentials.
As an ongoing concern, Zetrix will design more templates of signing occasions, extension environments, and API integration, providing safe and efficient identification services for all industries.
Zetrix is a layer-1 public blockchain that facilitates smart contracts and delivers privacy, security, and scalability. The cryptographic infrastructure in Zetrix can be introduced in multiple industries to connect governments, businesses, and their people to a global blockchain-based economy.
The cross-border and cross-chain integrations with Xinghuo BIF enables Zetrix to serve as a blockchain gateway that facilitates trade and commerce globally by deploying critical building blocks for Web3 services.
With the special support of the Ministry of Industry and Information Technology, Xinghuo BIF is one of the largest blockchain infrastructure supported by all levels of the Chinese government led by China Academy of Information and Communications Technology (CAICT). As the foundation of digital economy, Xinghuo BIF is equipped with the interoperability of providing public identifier services across different industries and regions based on permissioned public blockchain and decentralized identifiers, enabling industrial digitalization and data valuation.
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SOURCE MY E.G. Services Berhad | https://www.mysuncoast.com/prnewswire/2022/07/02/xinghuo-bif-zetrix-jointly-introduce-web3-services-blockchain-identityverifiable-credentials-contract-signing/ | 2022-07-02T04:31:33Z |
Zhongguancun Global Agricultural Science and Technology Innovation Forum Held to Strengthen Tech-driven Force
BEIJING, June 29, 2022 /PRNewswire/ -- Beijing Dabeinong Science and Technology Group Co., Ltd., an agricultural high-tech enterprise, lately hosts the Zhongguancun Global Agricultural Science and Technology Innovation Forum ("the Forum") through Global Agricultural Technology Innovation Platform (GAIN) to explore the latest research finding from the studies of the top-notch scientists. During the forum, DBN Group has also named the recipients of the 12th DBN Science and Technology Award that thirty-one awards were conferred to agricultural scientists and researchers who have greatly contributed to the advancement of China's agricultural sciences by making pioneering discoveries and developing innovative technologies to address the issues in a wide range of fields spanning seed science, livestock vaccines, and cotton cultivation and management.
Over 1 million people have watched livestreams of the Forum, which can be viewed here.
"Over the past 23 years, DBN Group has honored and recognized numerous landmark scientific and technological discoveries in China's key agricultural fields. We explore new approaches to further encourage and incentivize scientific personnel at the forefront of innovation who uses their ingenuity and creativity to further push the boundary of modern science. Their dedication and contribution strengthen China's food security, enhance food safety, protect ecological safety, injecting forces that drive agricultural modernization and sustainable development for China and beyond," said Dr. Shao Genhuo, Chairman of DBN Group.
"Building on our previous milestones, we hope to continue boosting cooperation with global partners in order to better serve the agricultural communities and the industry as a whole, jointly tackling pressing agricultural problems and improving people's well-being," he added.
Yang Yuanzhu, Chief Expert of Yuan Longping High-tech Agriculture Co., Ltd, President of Seed Industry Research Institute, Zheng Haixue, Professor and Director of Lanzhou Veterinary Research Institute of Chinese Academy of Agricultural Sciences, and Li Zhaohu, Professor and President of Huazhong Agricultural University, were invited to present and introduce their original scientific research to the audience at the event. The three extraordinary scientific discoveries, which are granted the top award, include:
- Breeding and Application of Middle-season Indica TGMS Line LK638S and J4155S with High-quality and High Combining Ability
- Porcine Recombinant Serotvoe O and A Bivalent Inactivated Foot-and-Mouth Disease Virus Vaccine Development and Use Thereof
- Innovation and Application of Systematic Regulation and Light Cultivation Technology of Cotton in China
Three Nobel Laureates, including Oene Oenema, Winner of Nobel Prize in Peace, Professor of Wageningen University & Research, Hartmut Michel, Winner of Nobel Prize in Chemistry, Academician of the German National Academy of Sciences, and Muhammad Yunus, Winner of Nobel Prize in Peace and Bangladeshi Economist, were also highlighted at the ceremony where they shared their path-breaking research and analysis on the potential unlocked by the bio-based economy and its benefits to sustainable agriculture, and shed light on the opportunities for accelerating the development of the rural communities in China.
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SOURCE Global Agricultural Science and Technology Innovation Platform (GAIN) | https://www.mysuncoast.com/prnewswire/2022/06/29/dbn-group-jointly-tackle-down-pressing-agricultural-problems-with-top-notch-scientist-award-winners/ | 2022-06-29T07:50:44Z |
World Premier of DeNA's CAPTAIN TSUBASA: ACE, updates for HoYoverse's Genshin Impact, NARAKA: BLADEPOINT Mobile, and More
LOS ANGELES, July 25, 2022 /PRNewswire/ -- TapTap Presents, the digital showcase connecting gaming fans worldwide, completed another successful event this past weekend earning more than 10 million views on Saturday, July 23. The show introduced new titles and updates for 24 games available to download and pre-register on the TapTap App.
Developer XD Inc. brought exciting world premieres including the mobile version of Totally Accurate Battle Simulator, Steam's most popular battle sim to date as well as Project SCE, the handy tool that helps small development teams and players bring their biggest ideas to life! Go Go! Muffin!, the fantasy idle RPG featuring Midgard's most perfect, unique, and considerable pal, Muffin, also made its debut alongside many others. And Etheria:Start, the Turn-based RPG in Unreal Engine 4 also made its debut to worldwide gamers.
The latest installment of the classic cross-platform ARPG franchise Torchlight: Infinite, revealed updated gameplay footage as well as a new hero, Thea, to be released in October 2022 and available to pre-register now on the App Store or TapTap. T3 Arena is a 3v3 hero shooter where you can team up with your friends and jump into the Arena anytime, anywhere. T3 Arena will bring a new season titled "Lights On," a new hero, YAA, and so much more on August 4, 2022!
AAA mobile developer DeNA revealed CAPTAIN TSUBASA: ACE, a multiplayer online soccer game inspired by the anime of the same name. Play as your favorite celebrity athletes and experience perfectly recreated scenes from the show. HoYoverse's famous open world adventure RPG, Genshin Impact, unveiled new companions and adventures. Travelers, the journey to Sumeru is about to begin!
An impressive roster of games are available to pre-register now on the TapTap app including the mobile edition of popular multiplayer action game NARAKA: BLADEPOINT Mobile. Producer 24 Entertainment revealed brand new details about the mobile version at the show. Also available for pre-registration is ANNULUS, the classic turn-based strategy game with diverse gameplay from developer Indrasoft. Players must fight like never before in order to break the rules of fate and secure safety for their land and glory for themselves.
The open-world action game Wuthering Waves from developer KuroGames, showcased an outstanding live demo featuring new gameplay. Its exceptional movement design allows for a wide variety of character actions, enabling players to maneuver through the air with ease. Stay tuned for more news coming soon!
Sword of Convallaria: For This World of Peace, the pixel-style wargame independently developed by XD Inc. and composed by renowned artist Hitoshi Sakimoto, is available for pre-registration on TapTap now, with a multi-platform experience for all devices coming soon. The alien-themed 3D hunting ARPG, Yeager: Hunter Legend, announced an open BETA available in Q4 2022. Explore the mysterious planet of Ekors and fight against its ferocious beasts.
TapTap also announced some fabulous independent titles including Neon Abyss: Infinite, the amazing mobile roguelike featuring unlimited item synergies and a unique dungeon evolution system; Koi Remake, the 3D reimagining of the award-winning exploration game; among others available to pre-register now.
The hour-long showcase featured these exciting announcements alongside many more. In case you missed it, visit TapTap Presents' official event page to refresh, connect, and share your favorites with the TapTap community.
"We are excited to have concluded another successful showcase, introducing remarkable new titles to the TapTap community and gamers around the world," said Huang Yimeng, Co-Founder and CEO of XD Inc. responsible for the production of TapTap Presents. "We strive to release quality content and generate new games of a higher caliber through the combined efforts of TapTap and XD Inc. It is through the support of our players that we're able to continue these efforts and grow our audience year after year. It is because of this that we thank all who tuned in to the show and we look forward to seeing you all next year!"
TapTap Presents 2022 is the third installment of the annual mobile game showcase that has been anticipated and viewed by millions of fans each year around the world. The show has garnered a total of more than 20 million views to date from English and Chinese speaking audiences alike. TapTap caters to an international audience and provides mobile gaming as well as exceptional community bonding opportunities through open player to player, and player to developer connections.
TapTap Presents' full 2022 showcase VOD can be rewatched in English via YouTube, Twitch and Twitter.
To stay informed on what TapTap has to offer, please visit the official website, follow TapTap on Twitter and Facebook, join the community on Discord, and search for #TapTapPresents on social media.
Assets
About TapTap
TapTap is a mobile gaming oasis built on the pillars of community and accessible gamer to developer connection. Co-founded in 2016 by XD Inc., TapTap hosts a wide variety of high quality AAA and indie mobile titles, and aims to bond like-minded gamers through their favorite games. The platform allows players to connect with developers, content creators, and each other creating a united community of passionate individuals.
To learn more about the TapTap community, visit the official TapTap website.
About XD Inc.
XD Inc. (HKEX: 2400) is a games developer and publisher. Founded in 2011, XD and its video game craftsmen are on a mission to deliver captivating experiences and inspire gamers around the world. In addition to its extensive portfolio of award-winning games including Sausage Man, Muse Dash, and Ragnarok M, XD has built the mobile game distribution platform and community, TapTap, to become one of the most vibrant gaming ecosystems with over 41 million monthly active users worldwide.
To learn more, visit XD Inc's official website.
TapTap PR Team | pr@xd.com
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SOURCE X.D. Network Inc. | https://www.wibw.com/prnewswire/2022/07/25/taptap-presents-mobile-showcase-featured-exciting-reveals-this-past-weekend/ | 2022-07-25T08:22:07Z |
BELTON — Texas Department of Transportation work crews will close lanes on Interstate 14 near South Loop 121 at 7 p.m. tonight.
In addition, crews will close the Loop 121 cross street intersection as it runs under the highway, according to a news release.
The work will continue until 6 a.m. Tuesday morning.
The closures are required for the safety of and the traveling public and will allow crews to set beams in the area, TxDOT said in a news release.
Motorists are encouraged to mind their speed and eliminate distractions when driving in work zones. | https://www.tdtnews.com/news/central_texas_news/article_3fd66bd4-bf5b-11ec-81a7-fb8f4c67072c.html | 2022-04-18T23:04:06Z |
Latest technology in orthopaedic surgery, including Mako SmartRobotics, to be featured
FORT WASHINGTON, Md., June 15, 2022 /PRNewswire/ -- Adventist HealthCare Fort Washington Medical Center and Stryker are hitting a home run this month by bringing health education to the Bowie Baysox Stadium in Bowie, MD.
Dr. Rhamee Badr, MD, orthopaedic surgeon at Adventist HealthCare Fort Washington Medical Center, will discuss the latest technological developments in hip and knee replacement, including the use of Mako SmartRobotics, on Wednesday, June 22 from 2:00-4:00 p.m.
"With the help of Mako SmartRobotics, we're able to perform less invasive surgeries which means a quicker recovery for patients," said Eunmee Shim, president of Adventist HealthCare Fort Washington Medical Center. "This addition to our orthopaedic service line further demonstrates our growing commitment to provide the community with safe, effective, and innovative healthcare."
In clinical studies, using SmartRobotics has demonstrated the potential for patients to experience less pain, less need for potentially addictive pain medicines, less need for inpatient physical therapy, reduction in length of hospital stay, improved knee flexion, and soft tissue protection in comparison to manual techniques.
"I'm looking forward to talking with the community about our joint replacement service line and how they can improve their own joint health," said Dr. Rhamee Badr.
For more information about the seminar and to register, please visit Stryker.link/BowieBaysox.
CONTACT: Sara Newman
snewman@adventisthealthcare.com
301-938-0464
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SOURCE Adventist HealthCare Fort Washington Medical Center | https://www.wibw.com/prnewswire/2022/06/15/adventist-healthcare-fort-washington-medical-center-hits-home-run-with-health-seminar-bowie-baysox-stadium/ | 2022-06-15T19:49:37Z |
PARIS (AP) — A violent thunderstorm hit the French island of Corsica on Thursday morning, leaving three people dead and a dozen others injured, local authorities said.
A 13-year-old girl died after a tree fell in a campsite in the coastal town of Sagone, the Corsica prefecture said in a statement. A 72-year-old woman was killed when the roof of a beach restaurant fell on her vehicle in Coggia, south of Sagone.
The third victim was a 46-year-old man killed in a campsite in the town of Calvi. One of the 12 people injured was hospitalized in critical condition, the prefecture added.
The storm produced wind gusts of more than 220 kph (136 mph) in some areas, French national weather agency Meteo France said. About 45,000 households were without power on Corsica, according to French electricity company EDF.
Rescue operations were taking place along the western coast of Corsica to help several grounded and wrecked ships, the French maritime authority for the Mediterranean Sea tweeted.
The president of the Executive Council of Corsica, Gilles Simeoni, described a brief yet “extremely violent and entirely unpredictable” weather event that lasted “dozens of minutes.”
Simeoni told news broadcaster BFM TV that French President Emmanuel Macron phoned him to share “emotion” and “solidarity.” Interior Minister Gerald Darmanin tweeted that he planned to go to the island later Thursday.
After a summer of drought, heat waves and forest fires, violent storms have hit France and neighboring countries in recent days.
In southern France, thunderstorms Wednesday flooded the Old Port of Marseille and the city’s main courthouse and forced the closure of nearby beaches. Winds over 100 kph (60 mph) were recorded at the top of the Eiffel Tower during a flash flood Tuesday.
In northern Italy, a violent overnight storm forced the closures of a train line southeast of Genoa after high winds carried changing booths and other items from nearby beaches onto the tracks, damaging the electrical circuitry.
The storm early Thursday struck during Italy’s busiest beach vacation week. The mayor of Sestri Levanti, Valentina Ghio, said whirlwinds were expected, and she appealed to visitors to stay away from beaches until the severe weather had passed.
Hail the size of walnuts pummeled areas of the Liguria region with enough force to break the windows of homes and damage orchards and gardens.
While northern Italy has suffered its worst drought in decades this year, heavy rains in recent days that brought scattered hailstorms, whirlwinds and flooding have damaged or destroyed entire crops of fruits and vegetables along with vineyards and olive orchards, according to Italian agricultural lobby Coldiretti.
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Colleen Barry in Milan contributed.
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Follow AP’s coverage of the climate and environmental issues at https://apnews.com/hub/climate-and-environment | https://cw33.com/business/ap-business/3-killed-12-injured-in-thunderstorms-on-frances-corsica/ | 2022-08-18T14:57:53Z |
GAITHERSBURG, Md. and SUZHOU, China, July 26, 2022 /PRNewswire/ -- Sirnaomics Ltd. (the "Company" or "Sirnaomics", stock code: 2257.HK), a leading biopharmaceutical company in discovery and development of RNAi therapeutics, announced today that the Company has received regulatory clearance from the Taiwan Ministry of Health and Welfare (TMHW) of its Investigational New Drug (IND) application to commence a Phase I trial of STP705, siRNA (small interfering RNA) drug candidate, for the treatment of patients with advanced liver tumors.
The Phase I multicenter, open-Label, dose escalation study in Taiwan is part of a global study of STP705 designed to evaluate the safety, tolerability, pharmacokinetics, and anti-tumor activity. STP705 is administered intratumorally for cholangiocarcinoma, hepatocellular carcinoma, or liver metastases in subjects with advanced/metastatic or surgically unresectable solid tumors who are refractory to standard therapy. The study was started in the United States in March 2021, and the study in Taiwan is expected to begin enrolling in the coming months.
"The IND green light in Taiwan for STP705 represents a major milestone for the Company's expansion of its clinical studies into Asia," said Dr. Patrick Lu, founder, chairman of the Board, Executive Director, President and CEO of Sirnaomics. "We believe that the study results in Taiwan will strengthen the body of data in a multicenter global trial, which will also include a future study in the mainland China. Sirnaomics is currently in a strong position to lead the way in RNAi therapeutics for the development of novel oncology therapies."
"This IND approval will allow more opportunities to manage critical diseases such as liver cancer with high unmet clinical need in Taiwan and the region," stated Steven Long, Ph.D. Sirnaomics Chief Development Officer. "Taiwan's regulatory bodies and clinical testing hospitals are well known for meeting international standards. We expect to conduct more oncology clinical studies in Asia-Pacific regions in the coming years."
About STP705
STP705 is composed of two siRNA oligonucleotides, targeting TGF-β1 and COX-2 mRNA respectively, formulated in nanoparticles with a Histidine-Lysine Co-Polymer (HKP) peptide as the carrier. Each individual siRNA was demonstrated to inhibit the expression of the target mRNA, and combining the two siRNA's produces a synergistic effect that diminishes pro-inflammatory factors. Over-expressions of TGF-β1 and COX-2 have been well-characterized in playing key regulatory roles in tumorigenesis.
About Sirnaomics
Sirnaomics is an RNA therapeutics biopharmaceutical company with product candidates in preclinical and clinical stages that focuses on the discovery and development of innovative drugs for indications with medical needs and large market opportunities. Sirnaomics is the first clinical-stage RNA therapeutics company to have a strong presence in both China and the United States, and also the first company to achieve positive Phase IIa clinical outcomes in oncology for an RNAi therapeutics for its core product, STP705. Learn more at www.sirnaomics.com.
CONTACT:
Michael Molyneaux, MD, MBA
Executive Director and Chief Medical Officer, Sirnaomics
Email: MichaelMolyneaux@sirnaomics.com
Investor Relations:
Nigel Yip
Chief Financial Officer, China, Sirnaomics
Email: NigelYip@sirnaomics.com
US Media Contact:
Alexis Feinberg
Tel: +1 203 939 2225
Email: Alexis.Feinberg@westwicke.com
Asia Media Contact:
Bunny Lee
Tel: +852 3150 6707
Email: sirnaomics.hk@pordahavas.com
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SOURCE Sirnaomics Ltd. | https://www.mysuncoast.com/prnewswire/2022/07/26/sirnaomics-receives-ind-clearance-taiwan-ministry-health-welfare-phase-i-clinical-study-rnai-therapeutic-stp705-liver-cancer-treatment/ | 2022-07-26T07:05:01Z |
DEERFIELD BEACH, Fla. , July 13, 2022 /PRNewswire/ -- YouFit Gyms, the popular nationwide fitness chain, today announced a partnership with University of Miami Athletics as the Official Gym of the Miami Hurricanes. The partnership begins on July 15, 2022, and will continue throughout the 2022-2023 football and basketball seasons.
YouFit Gyms will host several events throughout the season for Miami Hurricanes fans to help support and enhance everyone's fitness journey via customized activations at YouFit locations, and on-site at UM football, basketball, and other athletics venues.
"YouFit Gyms is committed to delivering the best-in-class fitness experience. We are honored to partner with the Miami Hurricanes as their official gym partner to bring health and wellness to students and fans," said Brian Vahaly, CEO of YouFit Gyms. "As a former collegiate- and pro-athlete, I know firsthand the vital role athletic programs play in student-athletes' lives and University of Miami Athletics offers an exceptional and diverse program for both men and women athletes. YouFit Gyms is thrilled to help foster the spirit of fitness and wellness within the UM community activations and our new small group fitness class we are launching, H HIIT."
"We couldn't be happier to welcome YouFit as an official partner of the Miami Hurricanes," said Chris Maragno, SVP Hurricanes Global Partnerships. "The Miami Hurricanes are committed to driving home the importance of leading a healthy lifestyle on and off the field. With the help of our partners such as UHealth, and now YouFit, we look forward to showcasing those efforts to our entire fan base."
Known for their all-encompassing offerings from state-of-the-art equipment, cutting-edge workouts, and high-end amenities at an unbeatable price, YouFit Gyms will also launch a new small group fitness class called H HIIT, inspired by the Hurricanes at its South Florida locations. Miami Hurricanes coaches and athletic trainers will provide YouFit HIIT coaches with tips and consultation to enhance their classes. H HIIT combines strength training and cardio to increase your heart rate, build and tone muscles, and increase both aerobic and anaerobic performance. With only 10 people in each class, you'll get that team-like energy with individualized attention from a certified YouFit coach
Legends, which has managed corporate sponsorships and multimedia rights for UM Athletics since April 2021, facilitated the partnership with YouFit Gyms.
With 80 locations nationwide, YouFit Gyms offer a premium fitness experience at an accessible price. Memberships start at $9.99 and individual personal training sessions cost as low as $30. YouFit Gyms offer everything from Olympic weightlifting platforms and endless cardio equipment, to small group personal training, high-energy fitness classes, customized nutrition advice from registered dietitians, and virtual fitness classes. By combining cutting-edge workouts and high-end amenities with an unbeatable price, YouFit Gyms members can take charge of their wellness journey, no matter what fitness level they start from. For more information visit www.youfit.com and www.youfit.com/miamihurricanes and follow on Facebook, Twitter, Instagram and TikTok at @youfitgyms.
The University of Miami's Department of Intercollegiate Athletics, a member of the National Collegiate Athletic Association (NCAA) and the Atlantic Coast Conference (ACC), supports more than 400 student-athletes across 18 sports. Miami has won 21 team national championships and 84 individual national championships in its storied history. UM Athletics is dedicated to developing and supporting its student-athletes in their effort to attain personal, academic, and athletic excellence, resulting in the highest standard of achievement. For more information visit www.miamihurricanes.com.
Founded in 2008, Legends is a premium experiences company with six divisions operating worldwide – Global Planning, Global Sales, Global Partnerships, Hospitality, Global Merchandise, and Global Technology Solutions – offering clients and partners a 360-degree data and analytics fueled service solution platform to elevate their brand and execute their vision. Currently, Legends works with marquee clients across business verticals including professional sports; collegiate; attractions; entertainment; and conventions and leisure. We are the industry leaders in designing, planning and realizing exceptional experiences in sports and entertainment. For more information, visit www.Legends.net and follow us on Facebook, Twitter and Instagram @TheLegendsWay.
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SOURCE YouFit Gyms | https://www.wibw.com/prnewswire/2022/07/13/youfit-gyms-named-official-gym-university-miami-athletics/ | 2022-07-13T17:12:12Z |
FERNDALE, Mich. , June 24, 2022 /PRNewswire/ -- Manufacturing professionals know that uncertainty is part of the industry. They have to be ready when products are in short supply, prices go up, or when there are new impacts on international trade because of pandemics.
You have been working in this space for a long time, so you know that it is important to understand how supply chains work and what customers want. You also need to keep innovating while making sure the process stays efficient. There are always political, geographical, and technological forces at play in the global trade marketplace that can impact your business.
We want to give you easy-to-read charts on international trade flows so that you can make better decisions for your business. Thanks to our extensive network of trusted partners, we collect highly accurate trade data from multiple sources worldwide. This way, companies like yours can see what is happening in global markets.
"If there's one thing that's certain in business, it's uncertainty." –Stephen Covey.
The Federal Group USA (TFG USA) compiled and analyzed trade data from the United States Customs Database* for inbound ocean freight from 2021 and 2022.
This data can help you understand what is happening in the market to make better decisions for your business.
Let's look at the data from the first quarter of 2022 compared to the first quarter of 2021. We'll look at it in 4 different ways:
- Country of origin
- Material used
- Manufacturing method
- Product description
Click here to read the entire article.
Media contact: Noah Levy, info@tfgusa.com
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SOURCE The Federal Group | https://www.mysuncoast.com/prnewswire/2022/06/24/2022-global-trade-data-by-federal-group/ | 2022-06-24T16:22:02Z |
TORONTO, April 11, 2022 /PRNewswire/ - Electra Battery Materials Corporation (TSXV: ELBM) (OTCQX: ELBMF) ("Electra") today announced the appointment of Renata Cardoso as Vice-President, Sustainability and Low Carbon. In this capacity, Renata will have overall responsibility for the Company's mission to exceed global ESG norms in the industry, in line with Electra's business objective to be the partner of choice in the EV market. Ms. Cardoso is joining the Company after 15 years with global miner Vale. Ms. Cardoso has extensive experience leading corporate sustainability and climate change strategy in the international mining and metals industry.
- Electra is committed to being the most sustainable and lowest GHG producer of battery materials in the world
- As a key member of the senior leadership team, Ms. Cardoso will guide the development of ESG strategy
- In her previous roles, Ms. Cardoso led cross functional teams to develop and implement a low carbon roadmap for operations across Canada, Indonesia, UK and Brazil
"We are very pleased to have attracted a global leader in sustainability to our organization," said Trent Mell, CEO. "Renata's track record in climate change management, sustainability strategy and transparency will serve Electra well as we commission our cobalt sulfate refinery in December and advance our battery recycling plant in 2023. We intend to have the lowest carbon footprint of all cobalt sulfate producers in the world, and Renata will oversee our journey to carbon neutrality and ensure that the same standards are applied to all phases of future growth."
"It is an honour to join Electra as the company executes its strategic plan to become the most sustainable battery materials company in the world," said Renata Cardoso. "The North American battery materials supply chain is quickly evolving and our leading ESG credentials will be what establishes Electra as an industry leader."
Ms. Cardoso is a seasoned professional from one of the largest mining companies in the world. An economist by training who also holds an MBA, Renata began her career in Vale's corporate strategy group. In 2008, she transitioned to help create Vale's approach for Sustainability with responsibilities for climate change management, sustainability strategy and transparency, and social and environmental indicators performance management. In 2019, she joined Vale Canada, last serving in low carbon initiatives, leading cross functional teams to develop and implement a low carbon roadmap for operations in Canada, Indonesia, UK and Brazil.
In accordance with the Company's long term incentive plan, Electra has granted incentive stock options to purchase an aggregate of 350,000 pre-consolidation common shares of Electra exercisable at the previous day's closing price of C$0.32 for a period of five years. The stock options will vest in three equal tranches on the first, second and third anniversary of the grant date. Long-term incentive grants are a key retention and incentive tool for key employees and new hires and remain subject to the approval of the TSX Venture Exchange.
Electra is planning to build a fully integrated, localized and environmentally sustainable battery materials park. Leveraging the Company's own mining assets and business partners, the Electra Battery Materials Park is expected to host cobalt and nickel sulfate production plants, a large-scale lithium-ion battery recycling facility, and battery precursor materials production, which will serve both North American and global customers. Electra also owns the advanced exploration-stage Iron Creek cobalt-copper project in Idaho, USA. Electra Battery Materials is an integral part of the North American battery supply chain, providing low-carbon, sustainable and traceable raw materials for the region's fast growing electric vehicle industry.
On behalf of Electra Battery Materials.
Trent Mell
Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for Electra Battery Materials Corporation, filed on SEDAR at www.sedar.com. Although Electra Battery Materials Corporation believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, Electra Battery Materials Corporation disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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SOURCE Electra Battery Materials Corporation | https://www.kxii.com/prnewswire/2022/04/11/electra-strengthens-esg-leadership/ | 2022-04-11T11:41:46Z |
Tropical storm warning issued for parts of Florida, Cuba, Bahamas
FORT LAUDERDALE, Fla. (AP) — Tropical storm warnings were issued early Friday for much of the Florida peninsula, Cuba and the Bahamas as a system that battered Mexico moves through the Gulf of Mexico, bringing threats of heavy rain and wind for the weekend.
The National Hurricane Center in Miami said the storm once known as Agatha in the Pacific Ocean will be known as Alex in the Atlantic Ocean basin.
An advisory posted early Friday noted that data from a hurricane hunter aircraft indicate the system’s maximum sustained winds had increased overnight and it was expected to develop “a well-defined center and become a tropical storm” as it approaches Florida, the hurricane center said. A system becomes a tropical storm when winds reach 39 mph.
At 5 a.m., the system was located about 420 miles (676 kilometers) southwest of Fort Myers and was moving northeast at 6 mph.
Some strengthening is possible as the system approaches Florida on Friday afternoon and evening, the advisory said.
The warning affects both Florida’s Gulf Coast and Atlantic Coast, from just below Tampa Bay and Daytona Beach to the Florida Keys and Dry Tortugas. Parts of Cuba, including the provinces of Pinar del Rio, Artemisa, La Habana, and Mayabeque, and the northwestern Bahamas are also under a warning with tropical-storm-force conditions expected within 36 hours.
The Atlantic hurricane season officially began Tuesday. This is an unusually early start to the storm season but not unprecedented for Florida.
The National Hurricane Center predicts that rainfall up to 10 inches (25 centimeters) is possible in South Florida, including the Florida Keys. The storm is not expected to produce huge winds or major storm surge. But local flooding is likely and winds could be somewhat strong.
“Heavy rains will begin to affect South Florida and the Keys Friday and continue through Saturday,” the Hurricane Center said in an online post. Also predicted is storm surge and flooding, the severity of which depends on the timing of tides.
As a Pacific storm, Hurricane Agatha caused flooding and mudslides that killed at least 11 people and left 20 missing in Mexico, officials said. It caused rivers to overflow their banks and swept away people in homes, while other victims were buried under mud and rocks.
Agatha made history as the strongest hurricane ever recorded to come ashore in May during the eastern Pacific hurricane season since 1949. Climate scientists say tropical systems will become more powerful and destructive because of global warming.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/06/03/tropical-storm-warning-issued-parts-florida-cuba-bahamas/ | 2022-06-03T12:45:00Z |
SAVANNAH, Ga. (WSAV) — Kitten season has sprung upon Savannah and many rescues are overwhelmed by the number of cats currently under their care. Many are so overwhelmed that they are no longer able to take in new cats. So, what do you do if you find a litter of kittens?
Nina Shultz, the adoptions manager at the Humane Society for Greater Savannah, said that the first thing you want to do is see if the mother is around.
“Their best chance of survival is to be with mom,” She explained. “Any time you pick up a stray kitten, you lessen that chance by 20%.”
You will want to wait and see if mom reappears, even if this takes several days of monitoring.
“If after a few days you’ve noticed that mom is not around then you know what? You are able to get them,” she said.
However, you better be prepared for a lot of work, and get ready to keep those kittens in your home with you for an extended period of time.
“You have to be willing to foster them until a facility can get them into a foster,” Shultz said.
Right now, many facilities are not taking in new cats because of the sheer number of cats and kittens currently placed with them due to a lack of spaying and neutering of local animals.
Cat Green from One Love Animal Rescue said in an email that the rescue has over 100 cats and kittens under their care as of June 24.
“The number of homeless pets in our community is simply overwhelming,” She wrote.
The Humane Society for Greater Savannah has a foster coordinator who is able to help with the fostering of the kittens and most rescues will offer assistance on caring for the babies. If you are unable to care for the kittens you should know that it can take more than several days for a rescue to find a foster home that is open.
You can find more information about the humane society by clicking or tapping on the link here. | https://cw33.com/news/what-do-you-do-if-you-find-a-litter-of-kittens/ | 2022-06-28T14:09:05Z |
STOCKHOLM (AP) — Ikea said Wednesday that it is seeking new owners for its four factories in Russia and to liquidate its product inventory there because of the war in Ukraine.
The world’s biggest furniture brand already had suspended operations at its 17 Russian stores and paused exports and imports involving the country. It also paused operations in Belarus, which is a Russian ally.
“The war in Ukraine has already had a terrible impact on so many people’s lives. It is a human tragedy that is continuing to affect people and communities,” Ikea said in a statement on its website.
“Unfortunately the circumstances have not improved and the devastating war continues,” the flat-pack furnishings retailer said. “Businesses and supply chains across the world have been heavily impacted and we do not see that it is possible to resume operations any time soon.”
The companies that control Ikea operations in Belarus and Russia therefore “have now each decided to enter a new phase to further scale down,” the statement said.
Ikea said imports and exports of products to and from Russia and Belarus will remain stopped, and that the purchase and logistics offices in Moscow and Minsk will close permanently.
Ikea was founded by Swedish entrepreneur Ingvar Kamprad, who turned a small-scale mail order business started on his family’s farm into a furniture empire in 1943 by letting customers piece together his simple and inexpensive furniture themselves.
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Follow AP’s coverage of the Ukraine-Russia war at https://apnews.com/hub/russia-ukraine | https://cw33.com/business/ap-business/ikea-to-sell-inventory-find-new-owners-of-russia-business/ | 2022-06-15T15:53:22Z |
SYDNEY, June 3, 2022 /PRNewswire/ -- Kazia Therapeutics Limited (NASDAQ: KZIA; ASX: KZA), an oncology-focused drug development company, is pleased to announce final data from its phase II study of paxalisib as first line therapy in patients with glioblastoma (NCT03522298).
The data is the subject of a poster presentation at the Annual Meeting of the American Society for Clinical Oncology (ASCO), which is being held in Chicago, IL, from 3-7 June 2022.
Key Points
- The study recruited 30 patients with newly diagnosed glioblastoma and unmethylated MGMT promotor status, a genetic profile which confers primary resistance to temozolomide, the only existing FDA-approved drug treatment for first line treatment.
- 60mg once daily was identified as the maximum tolerated dose (MTD) and selected for future studies.
- Median overall survival (OS) in the intent-to-treat (ITT) population (n=30) was 15.7 months (11.1 – 19.1), which compares very favourably to the figure of 12.7 months historically reported with temozolomide in this patient group.[1]
- In the modified ITT (mITT) population (n=27), which includes only those patients evaluable for efficacy, OS increased to 15.9 months (12.8 – 19.1).
- Median progression-free survival (PFS) in the ITT population was 8.6 months (6.6 – 10.2), using the more precise mRANO criteria, representing a substantial increment over the comparable figure of 5.3 months associated with temozolomide.
- The safety profile of paxalisib was highly consistent with previous clinical studies: hyperglycaemia, oral mucositis, and skin rash were among the most common drug-related toxicities.
Kazia CEO, Dr James Garner, added "The new data presented today at ASCO provides a more complete picture of trial, and also includes some informative sensitivity analyses. In the mITT population, which excludes non-evaluable patients, survival improves from 15.7 months to 15.9 months. Using the more precise mRANO criteria, PFS improves from 8.4 to 8.6 months. The directionality of these analyses gives us greater confidence in the efficacy signals observed and appear encouraging for future development. We are immensely grateful to the investigators and patients whose hard work and engagement has ensured the success of this trial."
Summary of Paxalisib Data in Comparison to Temozolomide (existing standard of care)
Clinical Trial Design
The phase II study of paxalisib was an adaptive trial, conducted in two stages. The first stage sought to determine the most appropriate dose in newly diagnosed patients. The second stage was intended to provide additional information on dosing and to seek a preliminary efficacy signal in order to de-risk transition to a larger, pivotal study.
Consistent with these objectives, the primary objective of the study was to evaluate the safety and tolerability of paxalisib in patients with newly diagnosed glioblastoma. The secondary objectives included typical pharmacokinetic parameters, and efficacy endpoints including overall survival (OS) and progression-free survival (PFS).
The phase II study was conducted in 30 patients at six centres in the United States. It was a single arm study in which all patients received paxalisib as a monotherapy. As such, all data must be interpreted in the context of historical comparators. Specifically, Kazia has referred to the pivotal study of temozolomide, the only existing FDA-approved drug for this patient population. Such comparisons are always inexact, and this study was not designed either to precisely quantify the benefit associated with paxalisib or to demonstrate statistical significance. Rather, these are among the objectives of the ongoing GBM AGILE pivotal trial.
Summary of Abstracts
POSTER SESSION – Central Nervous System Tumors
June 5, 2022 – 8am
Abstract 2047 - Paxalisib in patients with newly diagnosed glioblastoma with unmethylated MGMT promoter status: Final phase 2 study results.
PY Wen, J de Groot, JD Battiste, SA Goldlust, D Damek, JS Garner, J Friend , J Simpson, A Olivero, T Cloughesy.
The poster presentation can be accessed here.
About Kazia Therapeutics Limited
Kazia Therapeutics Limited (NASDAQ: KZIA; ASX: KZA) is an oncology-focused drug development company, based in Sydney, Australia.
Our lead program is paxalisib, a brain-penetrant inhibitor of the PI3K / Akt / mTOR pathway, which is being developed to treat glioblastoma, the most common and most aggressive form of primary brain cancer in adults. Licensed from Genentech in late 2016, paxalisib commenced recruitment to GBM AGILE, a pivotal study in glioblastoma, in January 2021. Seven additional studies are active in various forms of brain cancer. Paxalisib was granted Orphan Drug Designation for glioblastoma by the US FDA in February 2018, and Fast Track Designation for glioblastoma by the US FDA in August 2020. In addition, paxalisib was granted Rare Pediatric Disease Designation and Orphan Designation by the US FDA for DIPG in August 2020.
Kazia is also developing EVT801, a small-molecule inhibitor of VEGFR3, which was licensed from Evotec SE in April 2021. Preclinical data has shown EVT801 to be active against a broad range of tumour types and has provided compelling evidence of synergy with immuno-oncology agents. A phase I study commenced recruitment in November 2021.
For more information, please visit www.kaziatherapeutics.com or follow us on Twitter @KaziaTx.
This document was authorized for release to the ASX by James Garner, Chief Executive Officer, Managing Director.
Forward-Looking Statements
This announcement may contain forward-looking statements, which can generally be identified as such by the use of words such as "may," "intend," "potential," "prospective," or other similar words. Any statement describing Kazia's future plans, strategies, intentions, expectations, objectives, goals or prospects, and other statements that are not historical facts, are also forward-looking statements. Such statements are based on Kazia's expectations and projections about future events and future trends affecting our business and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements, including risks and uncertainties associated with clinical trials and product development and the impact of global economic conditions. These and other risks and uncertainties, are described more fully in Kazia's Annual Report, filed on form 20-F with the SEC, and in subsequent filings to SEC. Kazia undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required under applicable law. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this announcement. Actual results could differ materially from those discussed in this announcement.
[1] ME Hegi et al. (2005) N Engl J Med. 352:997-1003
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NEW YORK, May 4, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for UBER, LYFT, AKAM, HSY, and CB.
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SOURCE InvestorsObserver | https://www.mysuncoast.com/prnewswire/2022/05/04/thinking-about-trading-options-or-stock-uber-lyft-akamai-technologies-hershey-or-chubb/ | 2022-05-04T16:50:08Z |
Fresh Capital Used to Build on Trial Library's Mission to Improve Health Equity by Expanding Access to Cancer Precision Medicine
Spearheaded by Dr. Hala Borno, Leading UCSF oncologist and Health Equity Researcher
SAN FRANCISCO, Aug. 18, 2022 /PRNewswire/ -- Trial Library, Inc., an oncology clinical trials company, today announced it has come out of stealth mode and received its first funding to address the need for equity in patient recruitment to oncology clinical trials. The $5 million seed round was led by Deena Shakir, Partner at Lux Capital, with participation from Julian Eison, Managing Partner at NEXT VENTŪRES, Unseen Capital, as well as other notable angel investors. This investment supports the growing need for more inclusivity in oncology clinical trials, and will expand the usage of the Trial Library platform among community oncologists who are patients' trusted sources for advice on clinical trials.
After a decade of researching inequities in clinical trials with a team of veteran researchers and best-in-class physicians in cancer digital health, Trial Library CEO and founder Dr. Hala Borno, a University of California, San Francisco (UCSF) oncologist and experienced health equity researcher, introduced a new, tech-enabled approach that prioritizes the need for diverse and underrepresented patient groups. While advancements in personalized oncology therapeutics continue to produce astounding results, not all patients are afforded the opportunity to receive the latest therapies available. Along with co-founder and Chief Product Officer Steve Buck, former vice president and general manager at Ro Pharmacy and an accomplished healthcare entrepreneur who co-founded cancersurvivalrates.com and RxDividends (a company sold to GoodRx that he joined as a co-founder), the two have built Trial Library's virtual care navigation platform with 24/7 delivery. As a result, patients who decide to participate in a clinical trial will be supported throughout their journey to a clinical trial site.
"The lack of equity in access is a huge barrier that needs to be solved," said Trial Library CEO and founder Dr. Hala Borno. "As a society, we've invested so much into exciting new biotech therapies and we're optimistic that many of these personalized treatments will extend patients' lives. However, there are still many obstacles that exist, and we aim to combat the barriers experienced by all participants in our research ecosystem - the patients, providers and researchers."
"The flow of a more diverse set of patients in trials is an important and measurable outcome that will only come if community oncologists are motivated to participate," said co-founder and Chief Product Officer Steve Buck. "About half of all patients undergoing treatment for cancer rely upon a community oncologist for advice on next steps. If these clinicians are not actively exploring nearby trial opportunities, there's little chance a patient will find out about a trial or go to one on their own. We need to promote engagement with community providers through a combination of better technology and reimbursement opportunities. Trial Library will be the go to for community providers that have been overlooked to date."
Research indicates that 90% of patients and physicians do not participate in oncology clinical trials.1 Trial inclusion and exclusion criteria have become more complex for oncology practices attempting to screen for eligible patients. As a result, participation in trials, especially among community oncology practices, has fallen far down on the list of priorities for oncologists treating patients. A net outcome is that racial and ethnic minorities and women are far less likely to be offered and recruited into clinical trials compared to non-Hispanic white men.2
"There is a renewed need and desire from the major stakeholders in healthcare to start facilitating more inclusive clinical trials, especially as it relates to cancer precision medicine, in order to achieve broader health equity goals," said Deena Shakir, Partner at Lux Capital. "Trial Library's deep understanding of this complex space has enabled them to align on incentives and stakeholders, and build a platform that patients, providers and researchers can trust. For years, Dr. Borno has been my go-to diligence call for all things precision medicine, and I couldn't be more excited to back her and Steve in their effort to take this vision to market."
"Growing up, many of my family members lost hard-fought battles to cancer. It brings joy to my heart to know that we can look to technology, community support, and research to be our superpowers in defeating health inequities and improving clinical outcomes," said Julian Eison, Managing Partner at NEXT VENTŪRES. "We fundamentally believe that Trial Library's strategy of enabling physicians to provide contextually relevant awareness and enrollment pathways is novel and promising. It's been an honor to partner with Dr. Borno and Steve, as their combined experiences represent hope and promise in an industry chock-full of competition."
"The lack of representation in clinical trials has had significant ramifications on the design and outcome of oncology treatments," said Dr. Ivor Horn, an advisor toUnseen Capital. "Trial Library has an incredible potential to tackle the systemic barriers underrepresented individuals face in accessing clinicals trials."
How it Works
Trial Library aims to solve the lack of equity in clinical trial participation in two ways. Initially, Trial Library targets the "first mile" problem by providing fair reimbursement to local, community oncology practices who today are offered little, if any, reimbursement for pre-screening and managing patient referrals to trials. The company reimburses community oncology practices for its time and effort of screening patients for nearby trials. Oncology practices can use the Trial Library website to discover paid pre-screening opportunities and register to participate in a few keystrokes.
Second, Trial Library solves the "last mile" problem by providing patients, many with limited economic means and resources, with navigation support to get to clinical trial sites regardless of distance. The company provides free "Ally" navigator services that are available 24/7 to direct patients to resources for travel, logistics, food, or other support needed. Trial Library also taps into many social determinants of health assessment tools to help personalize support.
Trial Library has support from a host of credible partners including the Association of Community Cancer Centers, UCSF, as well as advisors such as Dr. Alan Ashworth from UCSF, and noted health equity researchers like Dr. Lori Pierce from the University of Michigan and Dr. Robert A. Winn from Virginia Commonwealth University.
About Trial Library
Trial Library is an oncology clinical trials company helping patients, providers, and pharmaceutical sponsors of clinical trials. With an unprecedented level of investment in cancer research that is poised to produce a vast new array of therapeutic options, Trial Library seeks to improve access for all patients right when therapies are available. For more information, visit us at TrialLibrary.com and follow us on LinkedIn and Twitter.
1 "MAKING THE CASE FOR ONCOLOGY CLINICAL RESEARCH" American Society of Clinical Oncology, May 2020. https://www.asco.org/sites/new-www.asco.org/files/content-files/research-and-progress/documents/2020-ASCO-RCF-MakingCaseOncologyResearch-AtaGlance.pdf
2 "Clinical Trial Enrollment of Racial, Ethnic, and Underrepresented Groups—Leveraging a Digital Infrastructure" JAMA Oncology, August 5, 2021. https://jamanetwork.com/journals/jamaoncology/article-abstract/2782739
Contact:
Hala Borno
hala.borno@triallibrary.com
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SOURCE Trial Library, Inc | https://www.kxii.com/prnewswire/2022/08/18/trial-library-emerges-out-stealth-with-5-million-seed-funding-led-by-lux-capital/ | 2022-08-18T11:52:32Z |
FREMONT, Calif., June 23, 2022 /PRNewswire/ -- Amprius Technologies, Inc. ("Amprius"), the leader in lithium-ion batteries with its Si Nanowire Anode Platform, is scheduled to present at the Cantor Fitzgerald Technology ESG Conference, to be held at the Four Seasons Hotel in East Palo Alto, CA, from June 27 through June 29, 2022.
Cantor Fitzgerald Technology ESG Conference
Presenting on Wednesday, June 29, 2022, at 10:00 a.m. Pacific time
Location: Four Seasons Silicon Valley, East Palo Alto, CA
To schedule a one-on-one meeting, request a conference invitation or receive additional information, please contact your conference representative or Amprius' investor relations team at (949) 574-3860 or IR@amprius.com.
Amprius announced earlier this year that it would become a public company via a merger with special purpose acquisition company Kensington Capital Acquisition Corp. IV ("Kensington") (NYSE: KCAC.U). The proposed transaction is expected to be completed in the second half of 2022.
About Amprius Technologies, Inc.
Amprius Technologies, Inc. is a leading manufacturer of high-energy and high-power lithium-ion batteries producing the industry's highest energy density cells. The company's corporate headquarters is in Fremont, California where it maintains an R&D lab and a pilot manufacturing facility for the fabrication of silicon nanowire anodes and cells.
For additional information, please visit www.amprius.com.
About Kensington Capital Acquisition Corp. IV
Kensington Capital Acquisition Corp. IV (NYSE: KCAC.U) is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with a business in the automotive and automotive-related sector. Kensington's management team of Justin Mirro, Dieter Zetsche, Bob Remenar, Simon Boag and Dan Huber is supported by a board of independent directors including Tom LaSorda, Nicole Nason, Anders Pettersson, Mitch Quain, Don Runkle, and Matt Simoncini.
Kensington's units, subunits and warrants are currently trading on the New York Stock Exchange under the symbols "KCAC.U," "KCA.U," and "KCAC.WS," respectively. Each "KCAC.U" unit contains one subunit and 1 warrant. Each "KCA.U" subunit contains one share of Kensington common stock and 1 warrant. A holder of the subunit will only be able to retain the 1 warrant underlying the subunit if the holder elects not to redeem the subunit in connection with the Business Combination. The subunits will not separate into shares of common stock and warrants until the consummation of the Business Combination.
For additional information, please visit www.autospac.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934 and the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995, each as amended, including Kensington's or Amprius' or their management teams' expectations, hopes, beliefs, intentions or strategies regarding the future. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the proposed business combination between Amprius and Kensington (the "Proposed Business Combination"). These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Amprius' and Kensington's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied upon by any investors as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Amprius and Kensington. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the Proposed Business Combination, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the Proposed Business Combination or that the approval of the equity holders of Amprius or Kensington is not obtained; failure to realize the anticipated benefits of the Proposed Business Combination; risks related to the rollout of Amprius' business and the timing of expected business milestones; the effects of competition on Amprius' business; supply shortages in the materials necessary for the production of Amprius' products; the termination of government clean energy and electric vehicle incentives or the reduction in government spending on vehicles powered by battery technology; delays in construction and operation of production facilities; the amount of redemption requests made by Kensington's public equity holders; and the ability of Kensington or the combined company to issue equity or equity-linked securities in connection with the Proposed Business Combination or in the future. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in Kensington's periodic filings with the Securities and Exchange Commission (the "SEC"), including Kensington's final prospectus for its initial public offering filed with the SEC on March 2, 2022 and the Registration Statement (as defined below) filed in connection with the Proposed Business Combination. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Amprius or Kensington presently know or that Amprius and Kensington currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Amprius' and Kensington's expectations, plans or forecasts of future events and views as of the date of this press release. Amprius and Kensington anticipate that subsequent events and developments will cause Amprius' and Kensington's assessments to change. However, while Amprius and Kensington may elect to update these forward-looking statements at some point in the future, Amprius and Kensington specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Amprius' or Kensington's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Neither Amprius, Kensington, nor any of their respective affiliates have any obligation to update this press release other than as required by law.
Important Information and Where to Find It
This communication is being made in respect of the proposed transaction involving Kensington and Amprius. A full description of the terms of the transaction is provided in the registration statement on form S-4, dated June 21, 2022 (File No. 333-265740) (the "Registration Statement"), filed with the SEC by Kensington. The Registration Statement includes a prospectus with respect to the combined company's securities to be issued in connection with the Proposed Business Combination and a preliminary proxy statement with respect to the shareholder meeting of Kensington to vote on the Proposed Business Combination. Kensington also plans to file other documents and relevant materials with the SEC regarding the Proposed Business Combination. After the Registration Statement is declared effective by the SEC, the definitive proxy statement/prospectus included in the Registration Statement will be mailed to the shareholders of Kensington as of the record date to be established for voting on the Proposed Business Combination. SECURITY HOLDERS OF AMPRIUS AND KENSINGTON ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS AND RELEVANT MATERIALS RELATING TO THE PROPOSED BUSINESS COMBINATION THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THER ENTIRETY WHEN THEY BECOME AVAILABLE BEFORE MAKING ANY VOTING DECISION WITH RESPECT TO THE PROPOSED BUSINESS COMBINATION BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION AND THE PARTIES TO THE PROPOSED BUSINESS COMBINATION. Shareholders are able to obtain free copies of the proxy statement/prospectus and other documents containing important information about Amprius and Kensington once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. The information contained on, or that may be accessed through the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.
Participants in the Solicitation
Kensington and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Kensington in connection with the Proposed Business Combination. Amprius and its officers and directors may also be deemed participants in such solicitation. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Kensington's executive officers and directors in the solicitation by reading Kensington's final prospectus filed with the SEC on March 2, 2022, the definitive proxy statement/prospectus, which will become available after the Registration Statement has been declared effective by the SEC, and other relevant materials filed with the SEC in connection with the Proposed Business Combination when they become available. Information concerning the interests of Kensington's participants in the solicitation, which may, in some cases, be different from those of Kensington's shareholders generally, is set forth in the preliminary proxy statement/prospectus included in the Registration Statement.
No Offer or Solicitation
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, or constitute a solicitation of any vote or approval in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Kensington, Amprius or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.
Contacts:
Investors
Cody Slach and Sophie Pearson
Gateway
949-574-3860
IR@amprius.com
Media
Renée Maler
Philosophy PR
510-499-9746
renee@philosophypr.com
For Kensington
Dan Huber
Chief Financial Officer
dan@kensington-cap.com
703-674-6514
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SOURCE Kensington Capital Acquisition Corp. IV | https://www.mysuncoast.com/prnewswire/2022/06/23/amprius-technologies-present-cantor-fitzgerald-technology-esg-conference-june-29th/ | 2022-06-23T22:02:39Z |
MCLEAN, Va., July 28, 2022 /PRNewswire/ -- V2X, Inc., (NYSE: VVX), a leading provider of critical mission solutions and support to defense clients globally, will report its financial results for the Second quarter ended July 1, 2022, on Tuesday, August 9, 2022, after market close. Senior management will conduct a conference call at 4:30 p.m. ET that same day.
U.S.-based participants may dial in to the conference call at 877-242-2259, while international participants may dial 416-981-9017. A live webcast of the conference call as well as an accompanying slide presentation will be available on the V2X Investor Relations website at http://investors.vectrus.com.
A replay of the conference call will be posted on the V2X website shortly after completion of the call and will be available for one year. A telephonic replay will also be available through August 23, 2022, at 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 22020062.
ABOUT V2X
V2X is a leading provider of critical mission solutions and support to defense clients globally, formed by the 2022 merger of Vectrus and Vertex to build on more than 120 combined years of successful mission support. The Company delivers a comprehensive suite of integrated solutions across the operations and logistics, aerospace, training and technology markets to national security, defense, civilian and international clients. Our global team of approximately 14,000 employees brings innovation to every point in the mission lifecycle, from preparation, to operations, to sustainment, as they tackle the most complex challenges with agility, grit and dedication.
Contact Information
Mike Smith, CFA
michael.smith@vectrus.com
(719) 637-5773
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SOURCE V2X, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/28/v2x-announce-second-quarter-2022-financial-results/ | 2022-07-28T21:55:21Z |
Gladstone researchers find new evidence against using BET inhibitors to treat COVID-19
SAN FRANCISCO, July 19, 2022 /PRNewswire/ -- A while ago, some researchers had suggested that blocking a set of proteins, known as bromodomain and extraterminal (BET) proteins, might be a way to fight COVID-19. However, in a surprising study, scientists at Gladstone Institutes and UC San Francisco (UCSF) discovered that BET proteins are actually crucial for the body to fight the infection. In fact, the SARS-CoV-2 virus itself blocks the proteins to try to gain an advantage and continue to spread.
The new research, published in the journal Cell Reports, found that BET proteins have two distinct roles that affect how SARS-CoV-2 interacts with human cells: they give the virus a window into cells while also helping our cells defend themselves. These opposing functions explain the mixed results of previous experiments studying of the effect of targeting BET proteins on SARS-CoV-2 infection.
"Our study shows how complex and nuanced interactions between virus and host cells can be," says Melanie Ott, MD, PhD, director of the Gladstone Institute of Virology and co-senior author of the new paper. "Even though blocking some BET proteins before viral exposure can help prevent infections, blocking other BET proteins actually plays right into the hands of the virus."
The study's other co-senior author is Danica Galonić Fujimori, PhD, a professor of cellular and molecular pharmacology at UCSF.
Directions from a Map
In 2020, Nevan Krogan, PhD, a senior investigator at Gladstone Institutes and director of the Quantitative Biosciences Institute at UCSF, assembled a detailed map showing which SARS-CoV-2 proteins directly interact with which proteins in infected human cells. When they perused Krogan's results, Ott and Fujimori were surprised by one pairing: the virus's envelope protein bound to BRD2 and BRD4, two members of the BET family of proteins.
Scientists thereafter discovered that one of the genes turned on by these BET proteins is ACE2, the same protein that SARS-CoV-2 relies on to get into cells. Indeed, it had been shown that completely blocking BET proteins prior to exposure to the virus could protect cells from infection.
But Ott's lab had already been studying BET proteins in the context of HIV infection, and knew that they also control activation of genes related to inflammation, immunity, and cancer. They wondered how and why SARS-CoV-2 would be directly interacting with BRD2 and BRD4 given their known roles in cellular responses to invading pathogens.
New Insight into BETs
In this study, Gladstone graduate student Irene Chen and the rest of the team discovered that, in SARS-CoV-2 infected cells, the BET proteins turn on genes that ward off viruses—this is in addition to turning on the gene ACE2, which lets SARS-CoV-2 enter human cells. When the researchers blocked the BET protein BRD4 in mice already infected with COVID-19, rather than before infection, the mice's symptoms grew worse and they experienced more severe disease.
These results suggested that BET proteins play a role in both enabling and fighting off COVID-19, yet still didn't explain why or how the virus was directly binding to BRD2 or BRD4.
But a close look at SARS-CoV-2 revealed that the envelope protein has a small section that closely resembles human histones, which are complexes of proteins found along DNA. With additional experiments, the researchers revealed that SARS-CoV-2 was able to engage the BRD4 protein at the periphery of the cell nucleus by mimicking the histones that BET proteins naturally bind to—and this, in turn, prevented BRD4 from activating antiviral genes.
"This is an example of a viral protein that can actually mimic one our own proteins to fool our cells and prevent them from activating immune defenses that would kill the virus," says Chen, who is a co-first author of the new paper along with James Longbotham, PhD, a former postdoctoral fellow at UCSF.
A Target for Treatment
The new findings indicate that existing drugs that simultaneously block all BET proteins likely won't be effective in treating COVID-19—at least in patients who are already infected.
However, the new study also confirmed that different BET proteins play different roles in the infection cycle, which could lead to future therapeutics that target only specific BET proteins, or parts of these proteins. More research is also needed to understand how the timing of such treatment with an infection could work.
"It's clear from our results that the BET drugs currently available are not suitable for COVID-19," says Ott. "But certain elements of these drugs could be adapted for future drug development."
About the Research Project
The paper "Viral E Protein Neutralizes BET Protein-Mediated Post-Entry Antagonism of SARS-CoV-2" was published in the journal Cell Reports on July 19, 2022.
Other authors are Sarah McMahon, Rahul K. Suryawanshi, Mir M. Khalid, Taha Y. Taha, Takako Tabata, Jennifer M. Hayashi, Frank W. Soveg, and Nevan Krogan of Gladstone; Jared Carlson-Stevermer, Jennifer Oki, and Kevin Holden of Synthego; Meghna Gupta, Meng Yao Zhang, Victor L. Lam, Yang Li, Zanlin Yu, Erron Titus, and Amy Diallo of UCSF.
The work was supported by the National Institutes of Health (NCI R01CA250459, NIAID R01AI137270, NIAID R37AI083139, and F31 AI164671-01), the Tobacco-Related Disease Research Program (T30DT1006), a UCSF Discovery Fellowship, philanthropic support from Quantitative Biosciences Institute COVID-19 Research Group donors, and the James B. Pendleton Charitable Trust.
About Gladstone Institutes
To ensure our work does the greatest good, Gladstone Institutes focuses on conditions with profound medical, economic, and social impact—unsolved diseases. Gladstone is an independent, nonprofit life science research organization that uses visionary science and technology to overcome disease. It has an academic affiliation with the University of California, San Francisco.
CONTACT:Gladstone Institutes: Julie Langelier | julie.langelier@gladstone.org | 415.734.2019
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SOURCE Gladstone Institutes | https://www.wibw.com/prnewswire/2022/07/19/betting-covid-19-study-probes-role-bet-proteins-coronavirus-infection/ | 2022-07-19T18:12:07Z |
KEYCORP REPORTS SECOND QUARTER 2022 NET INCOME OF $504 MILLION, OR $.54 PER DILUTED COMMON SHARE
Published: Jul. 21, 2022 at 6:30 AM EDT|Updated: 39 minutes ago
Positive operating leverage compared to the prior quarter and year-ago period
Revenue up 6% from the prior quarter, driven by growth in net interest income
Strong loan growth across commercial and consumer businesses
Credit quality remains strong with net charge-offs to average loans of 16 basis points
Expanded Laurel Road's offering for healthcare professionals and completed acquisition of GradFin
CLEVELAND, July 21, 2022 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced net income from continuing operations attributable to Key common shareholders of $504 million, or $.54 per diluted common share for the second quarter of 2022. This compared to $420 million, or $.45 per diluted common share, for the first quarter of 2022 and $698 million, or $.72 per diluted common share, for the second quarter of 2021.
Key's second quarter results demonstrate the strength and resiliency of both our business model and our team, while navigating dynamic market conditions. We remain well positioned to support our clients through the economic cycle.
This quarter, we continued to gain market share and deepen client relationships in both our commercial and consumer businesses, resulting in strong loan growth across our franchise. Additionally, we expanded Laurel Road's targeted offering to nurses and completed the acquisition of GradFin, a leading loan counselor for healthcare professionals.
The quality of our balance sheet continues to be a strength, as we focus on delivering sound, profitable growth. Credit quality remains strong, supported by our strong risk culture and disciplined underwriting practices.
We delivered positive operating leverage. Further, we remain confident in our ability to make continued progress against our long-term financial targets and to deliver value for all of our stakeholders.
- Chris Gorman, Chairman and CEO
Taxable-equivalent net interest income was $1.1 billion for the second quarter of 2022 and the net interest margin was 2.61%. Compared to the second quarter of 2021, net interest income increased $81 million and the net interest margin increased by nine basis points. Net interest income and the net interest margin benefited from higher earning asset balances, a favorable balance sheet mix, and higher interest rates. Net interest income and the net interest margin were negatively impacted by the exit of the indirect auto loan portfolio and lower loan fees from the Paycheck Protection Program ("PPP").
Compared to the first quarter of 2022, taxable-equivalent net interest income increased by $84 million and the net interest margin increased by 15 basis points. Net interest income and the net interest margin benefited from a favorable balance sheet mix and higher interest rates, partly offset by lower loan fees related to the PPP and higher interest-bearing deposit costs. Net interest income also benefited from one additional day in the quarter.
Compared to the second quarter of 2021, noninterest income decreased by $62 million. The decrease was largely due to investment banking and debt placement fees, down $68 million, reflecting a slowdown in capital markets activity. Other drivers for the decrease include cards and payments income and consumer mortgage income, down $28 million and $12 million, respectively. Cards and payments income decreased as a result of lower levels of prepaid card activity. Consumer mortgage income decreased reflecting higher balance sheet retention as well as lower gain on sale margins. Partially offsetting the decrease was a $33 million increase in corporate services income, due to higher derivatives trading income.
Compared to the first quarter of 2022, noninterest income increased by $12 million. The primary drivers were other income, which increased $15 million, reflecting market-related adjustments in the prior quarter and commercial mortgage servicing, up $9 million, as a result of higher special servicing fees. Partially offsetting the increase was a $14 million decrease in investment banking and debt placement fees, related to a slowdown in capital markets activity.
Key's noninterest expense was $1.1 billion for the second quarter of 2022, an increase of $2 million from the year-ago period. Nonpersonnel expense increased $18 million, including an increase in other expense, due to higher travel and entertainment, as well as an increase in computer processing expense. Personnel expense decreased $16 million, driven by lower incentive and stock-based compensation, reflecting lower production related incentives, partially offset by an increase in salaries and contract labor, as a result of higher merit increases and technology contract labor.
Compared to the first quarter of 2022, noninterest expense increased $8 million. The increase was driven by nonpersonnel expense, which increased $31 million, largely due to higher other expense, reflecting increased travel and entertainment. Other contributing factors for the linked quarter increase include higher marketing expense and net occupancy expense. Partially offsetting the linked quarter increase was a $23 million decrease in personnel expense. The decrease was related to lower incentive and stock-based compensation as a result of lower production-related incentives and lower employee benefits expense.
Average loans were $109.1 billion for the second quarter of 2022, an increase of $8.3 billion compared to the second quarter of 2021. Commercial loans increased by $4.2 billion, reflecting strength in commercial mortgage real estate loans and core commercial and industrial loans, which mitigated the impact of a $6.8 billion decline in PPP balances. Consumer loans increased $4.1 billion, due to strength from Key's consumer mortgage business and Laurel Road, partly offset by the sale of the indirect auto loan portfolio.
Compared to the first quarter of 2022, average loans increased by $5.4 billion. Commercial loans increased $2.9 billion, reflecting strength in commercial and industrial loans and commercial mortgage real estate loans. Consumer loans increased $2.5 billion, driven by continued strength in Key's consumer mortgage business and Laurel Road.
Average deposits totaled $147.5 billion for the second quarter of 2022, an increase of $3.1 billion compared to the year-ago quarter. The increase reflects growth from consumer and commercial relationships, including higher commercial escrow and retail deposits, partially offset by a decline in time deposits.
Compared to the first quarter of 2022, average deposits decreased by $2.7 billion, largely reflecting seasonal commercial outflows and public sector deposit outflows related to stimulus funds.
Key's provision for credit losses was $45 million, compared to a net benefit of $222 million in the second quarter of 2021 and provision of $83 million in the first quarter of 2022.
Net loan charge-offs for the second quarter of 2022 totaled $44 million, or .16% of average total loans. These results compare to $22 million, or .09%, for the second quarter of 2021 and $33 million, or .13%, for the first quarter of 2022. Key's allowance for credit losses was $1.3 billion, or 1.13% of total period-end loans at June 30, 2022, compared to 1.36% at June 30, 2021, and 1.19% at March 31, 2022.
At June 30, 2022, Key's nonperforming loans totaled $429 million, which represented .38% of period-end portfolio loans. These results compare to .69% at June 30, 2021, and .41% at March 31, 2022. Nonperforming assets at June 30, 2022, totaled $463 million, and represented .41% of period-end portfolio loans and OREO and other nonperforming assets. These results compare to .73% at June 30, 2021, and .44% at March 31, 2022.
CAPITAL
Key's estimated risk-based capital ratios included in the following table continued to exceed all "well-capitalized" regulatory benchmarks at June 30, 2022.
Key's capital position remained strong in the second quarter of 2022. As shown in the preceding table, at June 30, 2022, Key's estimated Common Equity Tier 1 and Tier 1 risk-based capital ratios stood at 9.2% and 10.4%, respectively. Key's tangible common equity ratio was 5.3% at June 30, 2022.
Key elected the CECL phase-in option provided by regulatory guidance which delayed for two years the estimated impact of CECL on regulatory capital and phases it in over three years beginning in 2022. Effective for the first quarter 2022, Key is now in the three-year transition period. On a fully phased-in basis, Key's Common Equity Tier 1 ratio would be reduced by 12 basis points.
During the second quarter of 2022, Key declared a dividend of $.195 per common share.
LINE OF BUSINESS RESULTS
The following table shows the contribution made by each major business segment to Key's taxable-equivalent revenue from continuing operations and income (loss) from continuing operations attributable to Key for the periods presented. For more detailed financial information pertaining to each business segment, see the tables at the end of this release.
Consumer Bank Summary of Operations (2Q22 vs. 2Q21)
Net income attributable to Key of $107 million for the second quarter of 2022, compared to $257 million for the year-ago quarter
Taxable-equivalent net interest income decreased by $29 million, compared to the second quarter of 2021, related to the sale of the indirect auto portfolio, partially offset by strong consumer mortgage and Laurel Road balance sheet growth
Average loans and leases increased $220 million, or 0.5%, from the second quarter of 2021, driven by growth in consumer mortgage and Laurel Road, largely offset by the sale of the indirect auto loan portfolio
Average deposits increased $2.8 billion, or 3.2%, from the second quarter of 2021, driven by higher retail deposits
Provision for credit losses increased $78 million, compared to the second quarter of 2021, due to a reserve release in the year-ago quarter as uncertainty caused by the pandemic subsided
Noninterest income increased $1 million, or 0.4%, from the year-ago quarter, driven by an increase in service charges on deposit accounts, partially offset by a decline in consumer mortgage income, reflecting lower gain on sale margins and higher balance sheet retention
Noninterest expense increased $92 million, or 15.8%, from the year-ago quarter, driven by higher salary and employee benefits expense, as well as investments in digital, security, and fraud
Commercial Bank Summary of Operations (2Q22 vs. 2Q21)
Net income attributable to Key of $315 million for the second quarter of 2022, compared to $432 million for the year-ago quarter
Taxable-equivalent net interest income increased by $23 million, compared to the second quarter of 2021, reflecting core loan growth in commercial and industrial loans and commercial mortgage real estate loans and higher interest rates, partially offset by lower loan fees from the PPP
Average loan and lease balances increased $7.9 billion, compared to the second quarter of 2021, reflecting growth in core commercial and industrial loans and commercial mortgage real estate loans, partially offset by a decline in PPP balances
Average deposit balances increased $50 million, or 0.1%, compared to the second quarter of 2021, driven by growth in targeted relationships and higher commercial escrow deposits, partially offset by outflows in interest-bearing deposits
Provision for credit losses increased $168 million, compared to the second quarter of 2021, due to a reserve release in the year-ago period as uncertainty caused by the pandemic subsided
Noninterest income decreased $50 million from the year-ago quarter, driven by lower investment banking and debt placement fees and lower cards and payments income, partially offset by an increase in corporate services income
Noninterest expense decreased $37 million, or 8.2%, from the second quarter of 2021, driven by lower incentive compensation, reflecting a decrease in investment banking and debt placement fees
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KeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $187.0 billion at June 30, 2022.
Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,300 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.
Notes to Editors:
A live Internet broadcast of KeyCorp's conference call to discuss quarterly results and currently anticipated earnings trends and to answer analysts' questions can be accessed through the Investor Relations section at https://www.key.com/irat 8:00 a.m. ET, on July 21, 2022. A replay of the call will be available through July 30, 2022.
For up-to-date company information, media contacts, and facts and figures about Key's lines of business, visit our Media Newsroom at https://www.key.com/newsroom.
*****
GAAP to Non-GAAP Reconciliations (Dollars in millions)
The table below presents certain non-GAAP financial measures related to "tangible common equity," "return on average tangible common equity," "pre-provision net revenue," and "cash efficiency ratio."
The tangible common equity ratio and the return on average tangible common equity ratio have been a focus for some investors, and management believes these ratios may assist investors in analyzing Key's capital position without regard to the effects of intangible assets and preferred stock.
The table also shows the computation for pre-provision net revenue, which is not formally defined by GAAP. Management believes that eliminating the effects of the provision for credit losses makes it easier to analyze the results by presenting them on a more comparable basis.
The cash efficiency ratio is a ratio of two non-GAAP performance measures. As such, there is no directly comparable GAAP performance measure. The cash efficiency ratio performance measure removes the impact of Key's intangible asset amortization from the calculation. Management believes this ratio provide greater consistency and comparability between Key's results and those of its peer banks. Additionally, this ratio is used by analysts and investors as they develop earnings forecasts and peer bank analysis.
Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Although these non-GAAP financial measures are frequently used by investors to evaluate a company, they have limitations as analytical tools, and should not be considered in isolation, or as a substitute for analyses of results as reported under GAAP.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/21/keycorp-reports-second-quarter-2022-net-income-504-million-or-54-per-diluted-common-share/ | 2022-07-21T11:09:40Z |
NEW YORK, Aug. 11, 2022 /PRNewswire/ -- On Sunday, August 14th at 1:30 PM EST the leaders of the Social Democrats of America (SDA) will hold a political event with various political artists including Paperboy Love Prince who will be announced as the Social Democrat Candidate for Congress for District 7 against incumbent congresswoman Nydia Velasquez.
WHAT: Paperboy Love Prince will entertain the crowd of volunteers and present SDA's platform.
WHO: Social Democrats of America and Paperboy Love Prince
WHEN: Sunday, August 14th, 2022 from 1:30 pm to 3:00 pm
WHERE: Corner of Vernon Blvd & 48th Avenue in Queens
CONTACT: Maria Malaga - (718) 701-0140 - press@socialists.us
About Social Democrat of America: SDA is a Maryland Based 501(c)4 whose purpose is to create a humane social order based on Social Democracy, equitable distribution, feminism, racial equality and non-oppressive relationships.
SDA organizes locally for the achievement of these goals by conducting educational and informational seminars in order to build a majority movement that will promote Social Democracy.
Socialism or Social Democracy is rooted in these core tenets that are Anti-Death Penalty, Pro-Abortion, Free Education, Universal Health Care, Universal Basic Income, and the sanctity of the Separation of Church and State.
Michael Hano is the SDA candidate in congressional district 13. Paperboy Love Prince is the SDA candidate in congressional district 7. Both candidates are on the official ballot.
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SOURCE Social Democrats of America | https://www.wibw.com/prnewswire/2022/08/11/paperboy-prince-announces-political-campaign-queens-with-party-speech-calls-out-incumbent-politicians/ | 2022-08-11T19:59:30Z |
DURHAM, N.C., Aug. 17, 2022 /PRNewswire/ -- 8 Rivers Capital, LLC is pleased to announce that Bill Brown, its co-founder, Executive Chair and Chief Technology Officer has been appointed Strategic Adviser, Strategic Public-Private Partnerships at the U.S. Department of Energy's National Renewable Energy Laboratory (NREL).
NREL has spent decades focused on leading the way in clean energy research, development and deployment. Its focus on transforming energy through science by leading research and development has formed the foundation of the net zero energy transition.
As a strategic advisor, Bill will work with NREL to develop high-impact, multiyear, multisector collaborations that drive transformation of domestic and global energy landscapes.
"At NREL, we are always looking for individuals like Bill with scientific, analytical, entrepreneurial, and business leadership expertise. His unique perspective and relationships will allow us to build large-scale partnerships, and together, more quickly solve the urgent energy challenges awaiting us," said Doug Arent, Executive Director of NREL's Strategic Public-Private Partnerships.
Cam Hosie, 8 Rivers CEO commented "Bill's efforts in the net zero space began decades ago with the founding of 8 Rivers, a company focused on a technology suite designed to be part of the global solution of reaching net zero—and Bill has been the driving force for development of world-leading solutions in the hardest-to-decarbonize of industries. We are proud Bill's dedication to this effort has been recognized by NREL and I am certain that Bill will make significant contributions in this new role, accelerating the world to Net Zero by 2050."
ABOUT 8 RIVERS CAPITAL, LLC- 8 Rivers Capital, LLC is a Durham, NC-based firm leading the invention and commercialization of sustainable, infrastructure-scale technologies for the global energy transition. 8 Rivers is developing and deploying technologies for clean hydrogen and ammonia (8RH2), transformative zero-emissions power cycles (Allam-Fetvedt Cycle), direct air capture (Calcite), retrofit carbon capture (Carbon8), sour gas sweetening (TarT), clean ethylene (Codox), and other advanced clean energy systems. www.8Rivers.com.
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SOURCE 8 Rivers Capital | https://www.kxii.com/prnewswire/2022/08/17/brown-appointed-strategic-adviser-national-renewable-energy-laboratory-nrel/ | 2022-08-17T14:29:18Z |
FAIRFAX, Va., July 29, 2022 /PRNewswire/ -- Freedom Financial Holdings (OTCQX: FDVA), (the "Company" or "Freedom"), the holding company for The Freedom Bank of Virginia (the "Bank") today announced net income of $2,227,385 or $0.30 per diluted share, for the three months ended June 30, 2022. This compares to net income of $2,784,296 or $0.38 per diluted share, for the linked quarter and net income of $2,626,381 or $0.36 per diluted share for the three months ending June 30, 2021.
Joseph J. Thomas, President, and CEO, commented, "We experienced the full impact of cyclical changes in the economy in the second quarter of 2022 as fee-based revenue fell meaningfully, but the decline was largely offset by very strong core income from loan growth and net interest margin expansion. As interest rates increased, the residential real estate market began to cool, with mortgage banking revenues declining by $1.04 million or 51.29%. Likewise, as the federal government's Paycheck Protection Program ("PPP") wound down, the Bank's income from PPP loan forgiveness decreased by $364,438 or 244.42%, in the second quarter of 2022, compared to the same period in 2021. Our banking team was able to offset these expected declines in fee-based revenue with growth in net interest income (excluding the impact of PPP loans) of 18.24% in the second quarter of 2022 compared to the same period in 2021. This was driven by strong growth in loans held for investment (excluding PPP loans) of 28.72% annualized and 23.50% annualized growth in deposits, relative to the prior quarter. In response to the increase in interest rates, the Bank's net interest margin expanded by 27-basis points to 3.65% in the second quarter of 2022 compared to the same period in 2021. Consequently, our pre-tax, pre-provision net income declined by 11.5% to $3.24 million in the second quarter of 2022 compared to the same period in 2021. Notably, the allowance for loan losses at 1.13% (excluding PPP loans) and Tier 1 Capital Ratio at 13.84% puts us in a very strong position to manage through a potentially more challenging economic environment and continue to focus on proactively serving and innovatively growing with our clients."
Second Quarter 2022 Highlights include:
- Net income for the second quarter was $2,227,385 or $0.30 per diluted share compared to net income of $2,784,297 or $0.38 per diluted share in the linked quarter and net income of $2,626,381 or $0.36 per diluted share for the three months ending June 30, 2021.
- Return on Average Assets ("ROAA") was 1.01% for the quarter ended June 30, 2022, compared to 1.29% for the linked quarter and 1.24% for the three months ended June 30, 2021.
- Return on Average Equity ("ROAE") was 11.44% for the three months ended June 30, 2022, compared to 13.53% for the linked quarter and 13.65% for the three months ended June 30, 2021.
- Total assets were $895.52 million on June 30, 2022, an increase of $32.40 million or 3.75% from the end of the prior quarter and an increase of 2.15% from total assets on December 31, 2021.
- Loans held-for-investment (excluding PPP loans) increased by $41.60 million or 7.16% during the quarter.
- PPP loan balances decreased by $3.66 million during the second quarter on loan forgiveness and mortgage loans held for sale decreased by $4.49 million during the same period, on a decline in mortgage activity.
- Cash balances at the Federal Reserve decreased by $5.40 million during the second quarter.
- Available for sale investment securities increased by $1.28 million during the second quarter.
- Total deposits increased by $41.90 million or by 5.86% in the second quarter. Non-interest-bearing demand deposits increased by $8.04 million from the linked quarter to $216.21 million and represented 28.58% of total deposits on June 30, 2022.
- Excluding income from PPP loans, net interest income in the second quarter of 2022 increased by $1.68 million or by 29.17% compared to the same period in 2021. Excluding PPP loans, the net interest margin for the second quarter of 2022 was 3.62%, higher by 9 basis points compared to the prior quarter and was higher by 49 basis points compared to the same period in 2021. The net interest margin for the second quarter of 2022 was 3.65% if the income from PPP loans was included.
- The cost of funds was 0.45% for the second quarter, higher by 9 basis points compared to the linked quarter and higher by 3 basis points compared to the same period in 2021, as deposit and borrowing costs increased during the quarter.
- Non-interest income decreased by 8.84% compared to the linked quarter and decreased by 27.72% compared to the same period in 2021. The decrease in non-interest income compared to the linked quarter was primarily due to lower mortgage revenue and other fee income. The decrease in non-interest income compared to the calendar quarter was primarily due to lower mortgage revenue stemming from a slowdown in mortgage activity, partially offset by higher revenue from SBA loan sales and other fee income.
- Non-interest expense in the second quarter increased by 3.72% compared to the linked quarter and was higher by 6.09% compared to the same period in 2021. The increase in non-interest expense in linked quarters was primarily due to higher professional fees and an increase in data processing expenses. Higher expenses compared to the calendar quarter were primarily related to an increase in compensation costs in the second quarter of 2022.
- The Efficiency Ratio was 65.10% for the quarter ended June 30, 2022, compared to 61.70% for the linked quarter and 62.38% for the same period in 2021.
- Non-accrual loans were relatively unchanged in the second quarter from the prior period, and the ratio of non-performing assets to total assets was 0.97% on June 30, 2022, compared to 0.11% on June 30, 2021.
- As a result of an increase in loans held-for-investment during the quarter and an assessment of the risks in the held-for-investment loan portfolio, the Company recognized a $375,000 provision for loan losses during the second quarter and the ratio of the allowance for loan and lease losses ("ALLL") to loans held-for-investment was 1.11% (or 1.13% excluding PPP loans, which carry a full faith and credit guarantee of the US Government) compared to 1.12% in the linked quarter (or 1.15% excluding PPP loans);
- The Bank continues to be well capitalized and capital ratios continue to be strong with a Leverage ratio of 11.95%, Common Equity Tier 1 ratio of 13.84%, Tier 1 Risk Based Capital ratio of 13.84% and a Total Capital ratio of 14.77%.
Paycheck Protection Program ("PPP") Activity
For the first six months of 2022, 103 PPP loans with balances of $13.35 million were forgiven by the SBA, and the Company recognized $608,952 of income from acceleration of processing fees associated with these loans. This compares with 354 PPP loans with balances of $55.08 million forgiven by the SBA in the first six months of 2021 with $1.09 million of income from acceleration of processing fees.
Net Interest Income
The Company recorded net interest income of $7.61 million for the second quarter of 2022, relatively unchanged compared to the linked quarter, and 11.53% higher than the same period in 2021.
Income from PPP loans during the second quarter of 2022 was $166,582 (including $149,105 from forgiveness of $3.15 million of PPP loans), compared to PPP loan income of $504,177 (including $459,847 from forgiveness of $14.42 million of PPP loans) during the first quarter of 2022, and $1,061,442 (including $513,343 from forgiveness of $30.25 million of PPP loans) during the second quarter of 2021. Excluding income from PPP loans, net interest income in the second quarter of 2022 increased by $338,597 or 4.76%, and by $1.68 million or 29.17% compared to the same period in 2021.
The net interest margin in the second quarter of 2022 was 3.65%, lower by 3 basis points compared to the linked quarter and higher by 27 basis points compared to the same period in 2021. Excluding PPP loans, the net interest margin increased by 9 basis points compared to the prior quarter and was higher by 49 basis points compared to the same period in 2021.
The following factors contributed to the changes in net interest margin during the second quarter of 2022 compared to the linked quarter:
- Yields on average earning assets increased by 7 basis points to 4.08% compared to 4.01% in the linked quarter, driven by higher yields on investments and deposits at the Federal Reserve, offset partially by lower yields on loans during the quarter.
- Loan yields decreased by 8 basis points to 4.67% from 4.75% in the linked quarter, while yields on investment securities increased by 33 basis points to 2.78% from 2.45% in the linked quarter. Excluding PPP loans, loan yields would have increased by 5 bp from the prior quarter.
- Cost of funds increased by 9 basis points to 0.45%, from 0.36% in the linked quarter, on higher deposit and borrowing costs.
- Excluding the impact of PPP loans from the second and prior quarter, the net interest margin increased by 9 basis points across linked quarters.
The following factors contributed to the changes in net interest margin during the second quarter of 2022 compared to the calendar quarter:
- Yields on average earning assets increased by 30 basis points to 4.08% compared to 3.78% in the calendar quarter, driven by higher yields on loans, investments, and deposits at the Federal Reserve.
- Loan yields increased by 19 basis points to 4.67% from 4.48% in the calendar quarter, while yields on investment securities increased by 56 basis points to 2.78% from 2.22% in the calendar quarter.
- Cost of funds increased by 3 basis points to 0.45%, from 0.42% in the calendar quarter, on higher deposit and borrowing costs.
- Excluding the impact of PPP loans from the second and calendar quarter, the net interest margin increased by 49 basis points across quarters.
Non-interest Income
Non-interest income was $1.66 million for the second quarter, lower by 8.84% compared to the linked quarter and lower by 27.72% compared to the same period in 2021. The lower non-interest income across linked quarters was primarily due to a decline in mortgage revenue and lower fee income from other sources, while the decline in non-interest income compared to the calendar quarter was largely due to lower mortgage gain-on-sale and fee revenue, stemming from a decline in mortgage activity, partially offset by higher SBA income and fee income from other sources.
Total Revenue
Total revenue, defined as the sum of net interest income, before provision for loan losses, and non-interest income, was lower by 1.69% compared to the linked quarter, primarily due to lower non-interest income, and higher by 1.66% compared to the same period in 2021, primarily due to net margin expansion and loan growth.
Non-interest Expenses
Non-interest expenses in the second quarter of 2022 were higher by 3.72% compared to the linked quarter and increased by 6.09% compared to the same period in 2021. The increase in non-interest expenses in the second quarter compared to the prior quarter was largely due to higher professional fees and an increase in data processing expenses. Higher expenses compared to the calendar quarter were largely due to an increase in compensation costs in the second quarter of 2022.
The Efficiency Ratio was 65.10% for the quarter ended June 30, 2022, compared to 61.70% for the prior quarter and 62.38% for the same period in 2021.
Asset Quality
Non-accrual loans were $8,712,326 or 1.38% of loans held-for-investment as of June 30, 2022, compared to $8,770,552 or 1.48% of loans held-for-investment at the end of the linked quarter. There were no troubled debt restructurings ("TDRs") as June 30, 2022. On June 30, 2022, there were no loans that were 90 days or more past due and accruing. There was no Other Real Estate Owned ("OREO") on the balance sheet as of June 30, 2022. Total non-performing assets (defined as the sum of loans on non-accrual, loans greater than 90 days past due and accruing, loans that are TDRs but not on non-accrual, and OREO assets) were $8,712,326 or 0.97% of total assets on June 30, 2022, compared to $8,770,552 or 1.02% of assets, at the end of the linked quarter.
Following an assessment of the collectability of the loans held-for-investment at the end of the second quarter, it was determined that a $375,000 provision for loan losses was necessary to account for loan growth and changes to environmental factors. The Company booked a provision of $191,000 in the first quarter of 2022. The Company's ALLL ratio was 1.11% of loans held-for-investment (or 1.13% of loans held-for investment excluding PPP loans) as of June 30, 2022, compared to an ALLL ratio of 1.12% on March 31, 2022 (or 1.15% of loans held-for-investment excluding PPP loans).
Total Assets
Total assets on June 30, 2022, were $895.52 million compared to $863.12 million on March 31, 2022. Changes in major asset categories during linked quarters were as follows:
- Cash balances at the Federal Reserve decreased by $5.40 million
- Available for sale investment balances increased by $1.28 million
- PPP loan balances decreased by $3.66 million on loan forgiveness by the SBA
- Other loans held-for investment grew by $41.60 million
- Mortgage loans held-for-sale declined by $4.49 million
Total Liabilities
Total liabilities on June 30, 2022, were $820.05 million compared to total liabilities of $783.33 million on March 31, 2022. Total deposits were $756.58 million compared to total deposits of $714.69 million on March 31, 2022. Non-interest-bearing demand deposits increased by $8.04 million during the quarter and comprised 28.58% of total deposits at the end of the quarter, compared to 31.66% of total deposits on December 31, 2021. Other interest-bearing demand deposits increased by $9.02 million, savings deposits decreased by $730,576 and time deposits increased by $25.56 million during the quarter. Federal Home Loan Bank advances decreased by $10.75 million during the quarter, while Federal Reserve borrowings increased by $6.28 million.
Stockholders' Equity and Capital
Stockholders' equity on June 30, 2022, was $75.47 million compared to $79.79 million on March 31, 2022. Additional paid-in capital was $58.82 million on June 30, 2022, compared to $58.66 million on March 31, 2022. Accumulated Other Comprehensive Income ("AOCI"), which generally comprises unrealized gains and losses on available-for-sale securities and derivative positions, decreased by $6.71 million on net unrealized losses during the second quarter of 2022. Retained earnings were $28.56 million on June 30, 2022, compared to $26.33 million at the end of the prior quarter. Total shares issued and outstanding were 7,319,006 on June 30, 2022, compared to 7,286,915 shares on March 31, 2022. The tangible book value of the Company's common stock on June 30, 2022, was $10.29 per share compared to $10.95 per share on March 31, 2022, and $10.81 per share on June 30, 2021.
As of June 30, 2022, the Bank's capital ratios were well above regulatory minimum capital ratios for well-capitalized bank holding companies. The Bank's capital ratios on June 30, 2022, and March 31, 2022, were as follows:
About Freedom Financial Holdings, Inc.
Freedom Financial Holdings, Inc. is the holding company of The Freedom Bank of Virginia, a community bank with locations in Fairfax, Reston, Chantilly, Vienna, and Manassas, Virginia. The Freedom Bank of Virginia also has a mortgage division headquartered in Chantilly. For information about deposit, loan and other services, visit the website at www.freedom.bank.
Forward Looking Statements
This release contains forward-looking statements, including our expectations with respect to future events that are subject to various risks and uncertainties. Factors that could cause actual results to differ materially from management's projections, forecasts, estimates, and expectations include: fluctuation in market rates of interest and loan and deposit pricing; general economic and financial market conditions, in the United States generally and particularly in the markets in which the Company operates and which its loans are concentrated, including the effects of declines in real estate values, increases in unemployment levels, inflation, recessions and slowdowns in economic growth, including as a result of COVID-19 and the impact of the geopolitical conflict between Russia and Ukraine; maintenance and development of well-established and valued client relationships and referral source relationships; the adequacy or inadequacy of our allowance for loan and lease losses; acquisition or loss of key production personnel; and the potential adverse effects of unusual and infrequently occurring events, such as weather-related disasters, wars, terrorist acts or public health events (such as COVID-19), and of governmental and societal responses thereto; these potential adverse effects may include, without limitation, adverse effects on the ability of the Company's borrowers to satisfy their obligations to the Company, on the value of collateral securing loans, on the demand for the Company's loans or its other products and services, on incidents of cyberattack and fraud, on the Company's liquidity or capital positions, on risks posed by reliance on third-party service providers, on other aspects of the Company's business operations and on financial markets and economic growth. The Company cautions readers that the list of factors above is not exclusive. The forward-looking statements are made as of the date of this release, and the Company may not undertake steps to update the forward-looking statements to reflect the impact of any circumstances or events that arise after the date the forward-looking statements are made. In addition, our past results of operations are not necessarily indicative of future performance. Some of the financial tables in this document reflect classifications to accounts to improve consistency in financial reporting.
Contact:
Joseph J. Thomas
President & Chief Executive Officer
703-667-4161: Phone
jthomas@freedom.bank: Email
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SOURCE Freedom Financial Holdings | https://www.kxii.com/prnewswire/2022/07/29/freedom-financial-holdings-announces-earnings-second-quarter-2022/ | 2022-07-29T13:22:20Z |
NAIROBI, Kenya (AP) — The threat of war with neighboring Congo is simmering under the tidy surface of Rwanda’s capital as the East African nation hosts the British prime minister and other world leaders next week for the Commonwealth summit.
Decades-old tensions between Rwanda, which has one of Africa’s most effective militaries, and Congo, one of the continent’s largest and most troubled countries, have spiked along their shared border a few hours’ drive from Rwanda’s capital, Kigali. Alarm has reached the point where Kenya’s president is urging the immediate deployment of a newly created regional force to eastern Congo to keep the peace.
Each side has accused the other of incursions. If Rwanda wants war, “it will have war,” a spokesman for the military governor of Congo’s North Kivu province told thousands of protesters on Wednesday.
Here’s what’s at stake.
WHAT JUST HAPPENED?
Eastern Congo lives with the daily threat from dozens of armed groups that jostle for a piece of the region’s rich mineral wealth that the world mines for electric cars, laptops and mobile phones. Earlier this year, one of the most notorious rebel groups, the M23, surged anew.
The M23 launched an offensive against Congo’s military after saying the government had failed to live up to its decade-long promises made under a peace deal to integrate its fighters into Congo’s military. This week the M23 seized a key trading town, Bunagana, sending thousands of people fleeing into neighboring Uganda and elsewhere.
At that, Congo’s military accused Rwandan forces of “no less than an invasion,” alleging that Rwanda backed the rebels in their capture of Bunagana.
Congo’s government has long accused Rwanda of supporting the M23, which Rwanda denies. The accusations have surged again in recent weeks. Many of the M23 fighters are ethnic Tutsis, the same as Rwanda’s President Paul Kagame.
Rwanda, for its part, has accused Congolese forces of injuring several civilians in cross-border shelling.
WHAT’S THE HISTORY OF TENSIONS?
Relations between Rwanda and Congo have been fraught for decades. Rwanda alleges that Congo gave refuge to the ethnic Hutus who carried out the 1994 Rwandan genocide that killed at least 800,000 ethnic Tutsis and moderate Hutus. In the late 1990s, Rwanda twice sent its forces deep into Congo, joining forces with Congolese rebel leader Laurent Kabila to depose the country’s longtime dictator Mobutu Sese Seko. The Rwandan forces in Congo were widely accused of hunting down and killing ethnic Hutu, even civilians.
Millions of Congo’s people died during the years of conflict, according to rights groups, and the effects still run deep today. Many women live with the scars and trauma of rape.
Eastern Congo continues to see divisions along ethnic lines at times. The region’s history of instability, loose governance and its vast distance — more than 1,600 miles — from Congo’s capital, Kinshasa, have dampened investment and left some basic infrastructure such as roads tattered or nonexistent.
Congo and Rwanda have long accused each other of supporting various rival armed groups in eastern Congo, a restless region and major hub for humanitarian aid. A United Nations peacekeeping force of more than 17,000 personnel is based in Goma, but a top official this week made clear that the tensions with Rwanda and Uganda are not a part of its role.
“That’s not the reason why were are here,” said Lt. Col. Frederic Harvey, the U.N. mission’s chief of liaison with the Congolese military. “We are here to accomplish our mandate, which consists of protecting the civilian population and preserving national integrity.”
Goma, the region’s key city of more than 1 million people, was briefly seized by M23 fighters a decade ago. Many Goma residents now call on the international community to intervene to help establish peace and stability. “Kagame, enough is enough,” read one sign in a protest on Wednesday.
Pope Francis had planned to visit Goma next month as part of a trip to Congo and South Sudan but canceled it last week, citing doctor’s orders because of his knee problems. The visit was meant to draw further global attention to populations long wrestling with conflict, even as this new one develops.
NOW WHAT?
With an eye on the growing tensions, the six-nation East African Community — Burundi, Congo, Kenya, Rwanda, South Sudan and Tanzania — earlier this year created a regional force meant to respond to trouble. Now Kenyan President Uhuru Kenyatta, the current chairman of the bloc, wants the force to be activated immediately and deployed to eastern Congo, noting the “open hostilities” there.
Kenyatta also calls for the eastern Congo provinces of North and South Kivu and Ituri to be declared a “weapons-free zone” where anyone outside mandated forces can be disarmed. Within hours, his call was “warmly” welcomed by the president of Burundi, which borders both Rwanda and Congo.
Regional commanders of the member defense forces will meet on Sunday in Kenya’s capital, Nairobi, at the heart of East Africa’s economic hub.
The regional force was agreed to by leaders from the countries now seemingly closing in on war — Congo, the EAC’s newest member, and Rwanda, the largest African troop contributor to U.N. peacekeeping missions worldwide.
But Rwanda notably was the only EAC member to skip a meeting of the heads of regional armed forces earlier this month in Goma. And there was no immediate response from Rwanda on Thursday to Kenyatta’s call to action.
Congo, too, didn’t comment directly on the call to deploy the regional force, but government spokesman Patrick Muyaya welcomed the Kenyan president’s request for a cessation of hostilities and weapons-free zones.
___
Associated Press writer Jean-Yves Kamale in Kinshasa, Congo, contributed. | https://cw33.com/news/international/ap-international/explainer-why-rwanda-and-congo-are-sliding-toward-war-again/ | 2022-06-16T22:18:14Z |
Available today, one year after the collapse of the Champlain Towers South highrise, the book by professional engineer and expert witness Greg Batista, PE aims to educate condominium owners and managers.
FORT LAUDERDALE, Fla., June 24, 2022 /PRNewswire/ -- Millions of dollars awarded in settlements, multiple state and federal investigations, and new state legislation all lie in the wake of the disaster that struck Surfside, Florida a year ago. With investigations and legal proceedings still ongoing, the question "could it all have been avoided?" will perhaps go unanswered for some time. In his new book, Negligence! Averting Disaster at Your Building, Greg Batista asks, can we prevent it from happening again?
From his 30-plus years in engineering and construction, Batista has a unique vantage point on the inner workings of the construction, concrete repair, and structural engineering industry in South Florida. In fact, he was hired by and visited Champlain Towers in 2017. He provides key insights on the confluence of issues that attributed to the deadliest building failure in modern history.
His prescient view of the issues at hand is highlighted by the passage of Florida's new condo safety law that, among other things, will require more frequent inspections, special attention given to properties near the coast, and stipulations for funds to be set aside by homeowner's associations for repairs.
Batista explains in his book why these are vital measures, and in a Fox News interview last week he opined that "a lot of times the law has to prod [HOA boards] along who aren't necessarily engineers, they aren't contractors." He empathizes with board members who, he writes, are volunteers giving up their free time to serve an important role. They don't necessarily have the training and knowledge to advocate for the importance of regular repairs and maintenance in avoiding disasters like the one in Surfside last year.
That, in part, is what he hopes to solve with his new book, which is available today and advertised at $9.99 on his website, with all profits being donated to the American Red Cross. "I'm not looking to make money off this book," says Batista, whose aim is to educate. "For residents, owners, property managers—the people that are in the building every day—knowing what to look for and when to call an engineer for a closer look is the first line of defense. I hope the book is a resource for the growing concerns about structures that—without proper maintenance—may have deadly weaknesses."
For more information, visit askgbatista.com/books. Negligence! Averting Disaster at Your Building, is available from Amazon and other major booksellers in hardcover, paperback, and ebook.
Media Contact:
Greg Batista
negligence.book@gmail.com
Photo(s):
https://www.prlog.org/12922323
Press release distributed by PRLog
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SOURCE Greg Batista, PE | https://www.kxii.com/prnewswire/2022/06/24/anniversary-surfside-tragedy-new-book-coaches-residents-identify-warning-signs/ | 2022-06-24T10:24:54Z |
NEW YORK, June 9, 2022 /PRNewswire/ -- The Specialty Food Association (SFA) has released its annual State of the Specialty Food Industry Report, revealing that the specialty food market reached total sales of $175 billion in 2021, up 7.4 percent versus 5.8 percent the year before, when foodservice's steep decline offset outsized gains in brick-and-mortar retail and ecommerce.
"The specialty food market has prospered amid two difficult years, with our latest research showing specialty continues to grow at a faster rate than all food," said Denise Purcell, Specialty Food Association's vice president, content & education. "Growth will continue, but at a slower pace than the industry experienced during the 2020 pandemic-influenced whirlwind of grocery shopping and at-home meal preparation--and will depend on supply chain bandwidth and shifts in challenges like inflation, shipping issues, cost increases, and materials shortages."
The annual State of the Specialty Food Industry research is an examination of market size and sales; dollar and unit sales growth; specialty food category penetration; and 10-year tracking and forecasting in key categories. New this year: sales forecast for retail, foodservice, and ecommerce; video interviews with members of the supply chain; and a closer look at sales and opportunities in specialty perishables departments.
Top 10 Categories in Retail Dollar Sales
- Meat, poultry, seafood (Frozen, refrigerated)
- Cheese and plant-based cheese
- Chips, pretzels, snacks
- Bread and baked goods
- Coffee and hot cocoa, non-RTD
- Entrees (Refrigerated)
- Chocolate and other confectionery
- Water
- Desserts (Frozen)
- Entrees, lunch, dinner (Frozen)
- Tea and coffee RTD (Refrigerated)
- Creams and creamers (Refrigerated)
- Entrees (Refrigerated)
- Breakfast foods (Frozen)
- Appetizers and snacks (Frozen)
- Seasonings
- Pasta (Refrigerated)
- Fruits and vegetables (Frozen)
- Sauces, pasta, and pizza (Shelf stable)
- Soda and carbonated beverages
- The Supply Chain's Impact on Growth The parts of the industry that will grow in the next few years in part hinge on supply chain bandwidth. Makers continue to report they are unable to properly forecast their sales because they often don't know what their supplier shipments will look like. Lead times for shipments fluctuate, too, causing production schedule delays. All of this influences how makers formulate their products, as they evaluate which SKUs they can confidently produce, made with ingredients they can reliably source and priced properly to achieve profit despite increased raw material costs.
- BIPOC- and Women-Owned Brands in Demand Consumers want more BIPOC- and women-owned brands and retail buyers and foodservice operators are seeking out incubators, brokers, b2b wholesalers and distributors, and even sales consultancies that specialize in supporting and growing these brands. Showcasing these brands has moved far beyond seasonal features to align with observed months like Black History or Women's History, and will continue to expand.
- The Next Retail Formats The pandemic gave retailers insight into the store formats shoppers want next and smaller footprints with minimal human contact are in demand. Expect fast growth of these formats among traditional grocers, who are also reintroducing areas since the COVID scaleback with new ideas.
- Plant-Based Challenges The overall plant-based specialty retail market grew 6 percent, exceeding $7.7 billion in 2021, after stellar 26 percent growth in 2020. Plant-based growth has outpaced the entire specialty retail market, which grew 4 percent in 2021 and 20 percent in 2020. However, some plant-based categories were among 12 total that grew specialty sales slower than the entire market in 2021. These include Yogurt and plant-based yogurt; Tofu; Creams and creamers (Shelf stable); Plant-based milk (Refrigerated); and Plant-based milk (Shelf stable). The largest growth gap is with Plant-based meat alternatives (Refrigerated). It grew 34 percent in specialty but 66 percent in the total market. Historically, this category has been composed of 97 percent specialty items, but it changed in the last three years and now non-specialty items are contributing to much of the growth.
- Specialty Beverages Grow Faster Than Food During 2020's initial height of COVID, specialty food grew faster (21 percent) than beverages (16 percent), but that shifted in 2021 as specialty beverages grew twice as fast as food. It comes down to consumers seeing certain products as critical, and others as discretionary. In this instance food was more a consumer priority during the initial phases of COVID but over time, consumers expanded their shopping lists to include more specialty beverage purchases. RTD alcoholic beverages like hard seltzer, hard kombucha, and fermented functional cocktails, in particular, are growing rapidly.
- Opportunities in Perishables New this year, the SFA took a closer look at specialty perishable sales, which are expected to reach nearly $33.5 billion in 2022. Perishables (random weight, non-UPC'd specialty items sold in a bakery, cheese, deli, meat and seafood sections) are critical to specialty, both in scale and as a good source of growth. For specialty retailers, perishables departments represent enticing, creative merchandising and execution. Plus they are important centers for emerging food and beverage innovation that may eventually migrate to packaged goods categories. After being challenged by shutdowns during COVID, perishables can expand to better meet consumers' needs for hot, ready-to-eat, or take-home, heat-and-eat fresh meals; meal kits; sandwiches, side dishes and salads; breakfast foods; confections and desserts; and hot and cold beverages.
The report will be discussed at the 66th Summer Fancy Food Show on the Main Stage on Sunday, June 12, 11:15 a.m. - 12:15 p.m. Open only to the trade, the Summer Fancy Food Show is the largest B2B-only specialty food and beverage show in the U.S. Registration for the Summer Fancy Food Show is at fancyfoodshows.com.
The Specialty Food Association (SFA) has been the leading trade association and source of information about the $175 billion specialty food industry for 70 years. Founded in 1952 in New York City, the SFA represents manufacturers, importers, retailers, distributors, brokers, and others in the trade. The SFA is known for its Fancy Food Shows; the sofi™ Awards, which have honored excellence in specialty food and beverage for 50 years; the Trendspotter Panel Show reports and annual predictions; the State of the Specialty Food Industry Report and Today's Specialty Food Consumer research; the ecommerce enabled SFA Product Marketplace, where members showcase products and sell directly to qualified buyers; SFA Feed, the daily source for industry news, trends and new product information, and Spill & Dish: A Specialty Food Association Podcast.
Facebook: Specialty Food Association
LinkedIn: Specialty Food Association
TikTok: specialtyfoodassociation
Twitter: @Specialty_Food
Instagram: @specialtyfoodassociation
Hashtags: #FancyFoodShow #FancyFoodNYC #SpecialtyFood
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SOURCE Specialty Food Association | https://www.kxii.com/prnewswire/2022/06/09/specialty-food-association-reveals-specialty-food-sales-175-billion-state-specialty-food-industry-report/ | 2022-06-09T15:36:05Z |
WASHINGTON, June 2, 2022 /PRNewswire/ -- Today, the U.S. Conference of Mayors has reissued a letter from August of 2019, calling on Senate Majority Leader Chuck Schumer (D-NY) and Minority Leader Mitch McConnell (R-KY) to take swift action and pass two bills to finally address the toll that gun violence has taken on Americans across the country. The letter was sent by a bipartisan group of 255 mayors from 43 states and Washington, DC to the U.S. Senate, and new mayors have now joined the effort. The House passed the two bills highlighted in the letter more than one year ago, and they are pending in the Senate. The full letter with signatures can be found here. The text of the reissued letter referencing the recent mass shootings is below:
In response to the recent tragedies in Uvalde and Buffalo and the continuing increase in gun violence that is plaguing our cities and our people across this nation, the U.S. Conference of Mayors is reissuing the letter sent by more than 200 mayors to the United States Senate in August of 2019. The same two bills passed the House more than one year ago and are again pending in the Senate: H.R. 8, the Bipartisan Background Check Act and H.R. 1446, the Enhanced Background Checks Act. We have updated the list of original signatories and removed those mayors who no longer are in office and are adding new mayors who have asked to be listed.
The Honorable Mitch McConnell
Majority Leader
United States Senate (KY)
The Honorable Charles E. Schumer
Democratic Leader
United States Senate (NY)
Dear Leader McConnell and Leader Schumer:
RE: Senate Action Needed NOW on Gun Safety Legislation
On behalf of The United States Conference of Mayors, we urge you to immediately call the Senate back to Washington to take action on bipartisan gun safety legislation.
Already in 2019, there have been over 250 mass shootings. The tragic events in El Paso and Dayton this weekend are just the latest reminders that our nation can no longer wait for our federal government to take the actions necessary to prevent people who should not have access to firearms from being able to purchase them.
In late February, the House of Representatives passed two bills that would greatly strengthen the background check system:
- H.R. 8, the Bipartisan Background Check Act of 2019
- H.R. 1112, the Enhanced Background Checks Act of 2019
H.R. 8 passed the House on February 27 on a bipartisan vote of 240-190. It would close serious loopholes in the background check system by:
- requiring all firearm purchases to undergo a NICS background check;
- helping to prevent dangerous individuals from obtaining deadly weapons by circumventing the laws on the books;
- prohibiting unlicensed transfers of guns through unregulated secondary sales; and
- increasing law enforcement's ability to trace crime guns.
H.R. 1112 passed the House on February 28 on a bipartisan vote of 228-198. If this bill had been law in 2015, the terrible tragedy that occurred at the Emanuel AME Church in Charleston might have been avoided. The bill would extend the background check review period deadline from three to 10 business days, to help ensure that background checks are completed before weapons are sold and that dangerous individuals who should not have them are unable to purchase them.
H.R. 8 and H.R. 1112 are bipartisan, sensible gun safety bills that would make our cities and our people safer, and would in no way compromise gun owners' rights.
We urge you to call the Senate back to session now to take up and pass these bills to help reduce gun violence and the terrible toll it takes in our cities and our nation.
Quick passage of these bills is a critical step to reducing gun violence in our country. The United States Conference of Mayors stands ready to work with Congress, the Administration and others to develop holistic remedies to the scourge of gun violence. America has proven time and again that we can rise to our most difficult challenges. We look forward to working with you to find a way forward to protect our citizens from this senseless carnage.
Sincerely,
CC: United States Senate
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SOURCE U.S. Conference of Mayors | https://www.kxii.com/prnewswire/2022/06/02/bipartisan-letter-nations-mayors-renew-call-senate-vote-commonsense-gun-safety-legislation/ | 2022-06-02T15:56:59Z |
A fast growing renewable energy company in the Rocky Mountain Region aims to be revenue generating by Q3
GREELEY, Colo., June 15, 2022 /PRNewswire/ -- Syrcuit Energy Solutions, Inc. ("Syrcuit" or the "company") completed a $6 million capital raise via private placement in accordance with the Securities & Exchange Commission Reg-D offering. The energy startup company based out of Greeley, CO secured investments through its Officers and Board of Directors from private investors to complete the initial round of funding and aims to become revenue generating by Q3 2022. Syrcuit will use the $6 million in proceeds to develop strategic partnerships, secure land for future development projects, and general working capital purposes.
"This is a very welcome investment from our network and is a momentous event for Syrcuit," commented Craig Rasmuson, Syrcuit CEO and Founding Partner. "It's a clear vote of confidence in our leadership team and our ability to navigate and thrive in the energy sector. This initial round of funding will allow the company to propel its operations and compete immediately. Management believes that all types of energy resources, both traditional and renewable, will be needed to meet consumer's needs, and we look forward to continuing to build on our past successes in this region."
As a fast growing renewable energy company in the Rocky Mountain Region, Syrcuit has expanded its installation pipeline since inception in Oct. 2021 with plans to have their first installation project under contract by Q3 of this year. Simultaneously, the company plans to grow their portfolio of strategic land and surface rights agreements for development of utility scale renewable systems. Setting a standard of success, Syrcuit is led by a management team and board of directors with over 150 years of combined energy experience in Colorado and boasts extensive relationships that reach across the community.
Not only is the company looking to grow its market share as a developer and installer of solar and geothermal systems in the commercial and industrial sector, but it is also considering the expansion of its current business through acquisitions or investments in other complementary strategic businesses, products and technologies.
For more information, please visit https://syrcuit.com/.
About Syrcuit Energy Solutions, Inc.
Syrcuit Energy Solutions, Inc., plans to operate throughout the Rocky Mountain Region as a developer and installer of renewable energy systems, predominantly solar and geothermal, specializing in large, utility-scale projects. The company routinely integrates new solar and geothermal energy systems with existing commercial and industrial clients to minimize carbon footprints and offset the ever-rising cost of utility bills.
Investor Contact Information:
Matt Lauer
matt@syrcuit.com
Jon Kruljac
jon@syrcuit.com
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SOURCE Syrcuit Energy Solutions, Inc. | https://www.mysuncoast.com/prnewswire/2022/06/15/syrcuit-energy-solutions-completes-6-million-capital-raise/ | 2022-06-15T16:53:29Z |
TSX and OTCQX: MPVD
TORONTO and NEW YORK, May 17, 2022 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVD) today announces interim exploration results for its 100%-held Kennady North Project. The Kennady North Project consists of over 107,000 hectares of claims and leases that completely surround the Gahcho Kué Diamond Mine. The 2022 exploration program is focussed on finding new kimberlites based on a detailed analysis of historical technical information including ground and airborne geophysics, kimberlite indicator minerals, and geological mapping. Approximately 3,000 of the ongoing 6,000 meter winter drill program have been completed.
- Kimberlite intersected in 16 of 20 drill holes
- 3 of 4 target areas have returned Kimberlite Intersections
- Winter geophysics completed
"We began 2022 with a plan to launch an aggressive winter exploration campaign over Kennady North, and we have achieved that plan. We have discovered kimberlite in three of four targets tested to date, and completed all of our scheduled airborne and ground geophysics. In the final weeks of our winter program, we will continue to drill-test as many priority anomalies as feasible with the intent to discover more kimberlite and add value to the Kennady North Project. As a pure Canadian diamond producer and explorer, we see this as an important time to aggressively explore for new Canadian diamond production"
Of the sixteen targets identified four have been tested by drilling so far. Drilling will continue through the rest of the winter 2022 program which is expected to culminate at the end of May. Summer exploration will start in Q3 with emphasis on follow-up sampling of indicator mineral results generated from the 2021 till sampling program, which are expected to be complete by the end of Q3. A review of all winter 2022 ground geophysical data continues through Q2 with the intent to drill areas of interest ("AOI") with land-based anomalies in the summer program.
To date, 2,935 meters from 20 drillholes have been collected from the North Anomaly, South Anomaly, KS Anomaly and G6 Anomaly. These anomalies were defined using ARRT (a high-resolution ground resistivity system developed by Aurora Geoscience Ltd., Yellowknife), and by ground gravity. Both systems recognize the physical contrast between competent country rock and country rock adjacent to kimberlite that is broken and altered from emplacement of the kimberlite. Locations for these anomalies relative to the Kelvin and Faraday kimberlites are shown in the first set of images.
Seven drillholes completed at the North Anomaly have identified depth-extensive zones of highly altered country rock intermixed with intersects of hypabyssal kimberlite ('HK') ranging from 0.03 to 6.93 meters in thickness (average thickness 1.54m). Suspected volcaniclastic kimberlite ('VK') has been intersected in three drillholes and ranges from 0.16 to 2.13 meters in thickness (average 0.95m), with 3D modeling of the drilling indicating lateral continuity for the VK. For Kelvin and Faraday kimberlites at Kennady North, VK comprises the greatest volume and its presence in the exploration drilling is considered a good indication for volume potential at the North Anomaly.
At the South Anomaly all five drillholes have HK present with thicknesses ranging from 0.68 to 6.96 meters (average 3.23m). Country rock breccia consisting of highly comminuted gneiss mixed with kimberlite has also been observed, and is indicative of volume potential for the South Anomaly.
Four of six drillholes at the KS anomaly intersected HK kimberlite ranging from 0.22 to 1.49 meters in thickness. The present interpretation for the KS anomaly is that the system is lacking the kimberlitic fluids necessary to break up country rock and provide volume for VK to develop. A table of drill results for the North, South and KS Anomaly is provided below.
The target AOI were selected from recently-compiled studies of glacial geology and kimberlite indicator mineral (KIM) dispersions over the project area. Additional target AOI were selected after a review of historical geophysical data for Kennady North. These datasets were reviewed during several in-house workshops held in late 2021 and early 2022, with final ranking of sixteen AOI completed in a joint workshop held with De Beers in February 2022. The sixteen AOI were scheduled for ARRT and ground gravity surveys during the winter program, with a total of 188.8 line-km of ARRT and 3,139 gravity stations completed over the targets. A map image of the AOI that received ground geophysics for drill-targeting is shown in the third image.
Drilling has started at the G6 anomaly, situated on the winter spur road to Gahcho Kué Mine. The G6 anomaly is the result of a 1997 DIGHEM airborne survey that delineated the Kelvin, Faraday and Gahcho Kué kimberlites. Recent drilling over follow-up coincident ARRT and ground gravity anomalies encountered no kimberlite. Assessment of the drill data is underway.
In addition to the ground geophysical surveys, a small airborne magnetic/electromagnetic survey was conducted over an unsurveyed area located one kilometer southeast of Gahcho Kué. A total of 1,291 line-km of data were collected over the area.
In 2021 over 600 till samples were collected over the project area, including the recently staked Kennady East claims. Preliminary results for 47 samples confirm the presence of pyrope, chromite and picroilmenite in esker samples from the southern portion of the Kennady East claims. The distribution of 2021 till samples and outline of the 2022 airborne geophysics program are shown in the fourth and final image.
Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada's Northwest Territories. The Gahcho Kué Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls 106,202 hectares of highly prospective mineral claims and leases that surround the Gahcho Kué Joint Venture property that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites.
For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at www.mountainprovince.com.
The disclosure in this news release of scientific and technical information regarding Mountain Province's mineral properties has been reviewed and approved by Matthew MacPhail, P.Eng., MBA, and Tom E. McCandless, Ph.D., P.Geo., both employees of Mountain Province Diamonds and Qualified Persons as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Caution Regarding Forward Looking Information
This news release contains certain "forward-looking statements" and "forward-looking information" under applicable Canadian and United States securities laws concerning the business, operations and financial performance and condition of Mountain Province Diamonds Inc. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to operational hazards, including possible disruption due to pandemic such as COVID-19, its impact on travel, self-isolation protocols and business and operations, estimated production and mine life of the project of Mountain Province; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; the future price of diamonds; the estimation of mineral reserves and resources; the ability to manage debt; capital expenditures; the ability to obtain permits for operations; liquidity; tax rates; and currency exchange rate fluctuations. Except for statements of historical fact relating to Mountain Province, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "anticipates," "may," "can," "plans," "believes," "estimates," "expects," "projects," "targets," "intends," "likely," "will," "should," "to be", "potential" and other similar words, or statements that certain events or conditions "may", "should" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of Mountain Province and there is no assurance they will prove to be correct.
Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include the development of operation hazards which could arise in relation to COVID-19, including, but not limited to protocols which may be adopted to reduce the spread of COVID-19 and any impact of such protocols on Mountain Province's business and operations, variations in ore grade or recovery rates, changes in market conditions, changes in project parametres, mine sequencing; production rates; cash flow; risks relating to the availability and timeliness of permitting and governmental approvals; supply of, and demand for, diamonds; fluctuating commodity prices and currency exchange rates, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated.
These factors are discussed in greater detail in Mountain Province's most recent Annual Information Form and in the most recent MD&A filed on SEDAR, which also provide additional general assumptions in connection with these statements. Mountain Province cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. Mountain Province believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.
Although Mountain Province has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Mountain Province undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking statements to the extent they involve estimates of the mineralization that will be encountered as the property is developed.
Further, Mountain Province may make changes to its business plans that could affect its results. The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator. Mountain Province is exposed to actions taken or omissions made by the operator within its prerogative and/or determinations made by the joint venture under its terms. Such actions or omissions may impact the future performance of Mountain Province. Under its current note and revolving credit facilities Mountain Province is subject to certain limitations on its ability to pay dividends on common stock. The declaration of dividends is at the discretion of Mountain Province's Board of Directors, subject to the limitations under the Company's debt facilities, and will depend on Mountain Province's financial results, cash requirements, future prospects, and other factors deemed relevant by the Board
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SOURCE Mountain Province Diamonds Inc. | https://www.wibw.com/prnewswire/2022/05/17/mountain-province-diamonds-announces-successful-exploration-update-kennady-north/ | 2022-05-17T12:07:15Z |
SAN FRANCISCO, April 11, 2022 /PRNewswire/ -- Newfront, a tech-enabled, full-service brokerage based in San Francisco, CA, has brought Vince Giordano on board as a Vice President and P&C Producer. Vince brings nearly two decades of insurance industry experience, primarily specializing in towing insurance and auto haulers.
"Vince brings additional depth to our P&C team with his extensive knowledge of the commercial transportation industry," said Brian Hetherington, Newfront President. "We're thrilled to bring him on board and be able to offer our clients even more of a comprehensive experience!"
Vince is based in the San Diego area and will serve clients across the country. He originally began his career focused on finding Life & Health insurance solutions, but in 2009, he expanded into the P&C space and found his passion.
"I am very excited to join Newfront and bring my 'niche' to enhance the P&C team," Vince said. "I absolutely cannot wait to see where this journey takes us!"
About Newfront:
Newfront is transforming the delivery of risk management, employee experience, insurance, and retirement solutions by building the modern insurance platform. Transparent data delivered real-time translates into a lower total cost of risk and greater insights. Newfront makes insurance work for you.
Headquartered in San Francisco, Newfront has offices throughout California, Washington, and New York and is home to more than 750 employees who serve clients across the United States and globally.
Contact
Newfront
Jane Paolucci
415-798-2693
www.newfront.com
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SOURCE Newfront | https://www.kxii.com/prnewswire/2022/04/12/vince-giordano-brings-extensive-transportation-experience-further-enhance-newfronts-pampc-team/ | 2022-04-12T01:26:17Z |
NEW YORK (AP) — Jennifer Lopez and Ben Affleck were wed Saturday in a late-night Las Vegas drive-through chapel, culminating a relationship that stretched over two decades in two separate romances and headlined countless tabloid covers.
Lopez announced their marriage Sunday in her newsletter for fans with the heading “We did it.” Lopez initially made their engagement public in April on the same newsletter, “On the J Lo.”
“Love is beautiful. Love is kind. And it turns out love is patient. Twenty years patient,” wrote Lopez in a message signed Jennifer Lynn Affleck.
Lopez wrote that the couple flew to Las Vegas on Saturday, stood in line for their license with four other couples and were wed just after midnight at A Little White Wedding Chapel, a chapel boasting a drive-through “tunnel of love.” Lopez said a Bluetooth speaker played their brief march down the aisle. She called it the best night of their lives.
“Stick around long enough and maybe you’ll find the best moment of your life in a drive-through in Las Vegas at 12:30 in the morning in the tunnel of love drive-through with your kids and the one you’ll spend forever with,” said Lopez.
News of their nuptials first spread Sunday after the Clark County clerk’s office in Nevada showed that the pair obtained a marriage license that was processed Saturday. The marriage license filing showed that Lopez plans to take the name Jennifer Affleck.
Representatives for Lopez and Affleck declined to comment.
Lopez, 52, and Affleck, 49, famously dated in the early 2000s, spawning the nickname “Bennifer,” before rekindling their romance last year. They earlier starred together in 2003’s “Gigli” and 2004’s “Jersey Girl.” Around that time, they became engaged but never wed.
Affleck married Jennifer Garner in 2005, with whom he shares three children. They divorced in 2018.
Lopez has been married three times before. She was briefly married to Ojani Noa from 1997-1998 and to Cris Judd from 2001-2003. She and singer Marc Anthony were married for a decade after wedding in 2004 and share 14-year-old twins together. | https://cw33.com/news/we-did-it-jennifer-lopez-ben-affleck-marry-in-las-vegas-drive-through/ | 2022-07-18T20:36:32Z |
TORONTO, Aug. 24, 2022 /PRNewswire/ - McLean & Company, the globally trusted partner of HR and business leaders, has named Maureen Cahill as Managing Partner of its Executive Services team. This appointment follows the company's rapid growth and increased client demand, marking another milestone for the HR research and advisory firm.
"As expectations of the workplace continue to trend to remote and hybrid work amidst a challenging labor market, HR leaders and executives are seeking ways to improve the employee experience within their organizations now more than ever," says Jennifer Rozon, president of McLean & Company. "Maureen's unique ability to translate strategic business objectives into people priorities, action plans, and results will advance our capacity to support our valued clients through every phase of the employee lifecycle. In turn, this leads to their increased organizational success, which is always our top priority."
An industry leader with experience in the for-profit, non-profit, private equity, and public sectors, Cahill has spent nearly three decades as a human resources practitioner, consultant, advisor, and business leader. She has worked with such organizations as Gartner, Blue Cross Blue Shield Association, Mindpath Health, and Highmark Inc. Cahill is passionate about positioning HR teams to optimize talent investments through the development of business-aligned HR strategies, effective business case development, and sound project execution.
"CHROs are facing differing challenges and priorities based on the industry and geographic footprint of the company. McLean & Company's extensive expertise and industry resources enable HR leaders to improve employee experience for tens of thousands of people," says Maureen Cahill, newly appointed managing partner at McLean & Company. "Most adults spend a significant portion of their waking hours at work and that experience often spills over into our personal life. Being part of an organization that is so committed to making the time we work more fulfilling is incredibly energizing and exciting."
As a former Chief HR Officer and strategic partner to dozens of HR executives, Cahill's skills and experience in building the HR infrastructure and teams needed to enable growth and create a positive employee experience make her uniquely positioned to lead McLean & Company's team of Executive Counselors and Advisors as they deliver the highest level of support and service to the firm's members.
Maureen holds a bachelor's degree in business management from North Central College and an MBA from the Keller Graduate School of Management. She is also a professional and executive coach, having received certifications from Duquesne University and the University of Georgia.
To learn more about Cahill and her integral role at McLean & Company, please visit the official introduction page.
To learn more about McLean & Company or to download the latest research, visit hr.mcleanco.com and connect via LinkedIn and Twitter.
About McLean & Company
Through data-driven insights and proven best-practice methodologies, McLean & Company offers comprehensive resources and full-service assessments, action plans, and training to position organizations to meet today's needs and prepare for the future.
McLean & Company is a division of Info-Tech Research Group. Media professionals can register for unrestricted access to research across IT, HR, and software and over 200 IT and Industry analysts through the ITRG Media Insiders Program. To gain access, contact pr@mcleanco.com.
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SOURCE Mclean & Company | https://www.kxii.com/prnewswire/2022/08/24/mclean-amp-company-adds-first-ever-managing-partner-growing-executive-advisory-team-hr-research-amp-advisory-firm/ | 2022-08-24T18:41:16Z |
LOS ANGELES, June 17, 2022 /PRNewswire/ -- Corey O'Brien has proven time and time again that he is all about laughter, self-love, and self-expression, so his new partnership with skincare brand Medicube comes as no surprise. In true Corey fashion, the creator found a way to make skincare not just a part of his daily routine but a part of his viral videos as well.
O'Brien kicked off the Pride partnership with captivating photos, using his gorgeous smile and luminous skin as the main selling point for Medicube. On top of that, he uses Medicube's Ussera Deep Shot as the microphone in a recreation of Demi Lovato's hilarious 2015 NRJ interview about her favorite dish. Medicube describes the Ussera Deep Shot as a device that uses pulses of ultrasound energy to stimulate collagen production for plumper and younger-looking skin.
With this Pride campaign, Corey proves that skincare can be helpful both off and on camera, giving the dynamic between influencers and brands some much-needed humor and personality. Corey O'Brien, described as a "genius" by pop superstar Anitta, has proven he's a force to be reckoned with as one of the most hilarious and innovative creators on TikTok. The social media phenom has garnered over 1.1 million loyal followers. His viral videos show his wild and amusing remakes of nostalgic performances we all know and love.
His remakes have gained attention from stars such as Dua Lipa, Lizzo, Vera Wang, Mandy Moore, Kim Petras, Meghan Trainor, and brands/conglomerates such as Adidas, Alo Yoga, The Disney Channel, The Empire State building, and many others.
Medicube, the Korean skincare brand, is also on a path of catastrophic growth. As K-pop, K-beauty, K-food, and K-culture take the world by storm, Medicube strives to create more effective and innovative products for their growing international customer base. Their goal is to bring Korean technology to the world stage. After seeing great success in the Korean cosmetic industry, Medicube broke into the beauty device sphere last year, bringing Korea's world-famous aesthetician clinic treatments into the comfort of your home.
Together, Corey O'Brien and Medicube prove that skincare is not only for everyone but for any use.
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SOURCE Medicube | https://www.kxii.com/prnewswire/2022/06/17/corey-obrien-tiktok-star-comedic-entertainer-partners-with-medicube-pride-month/ | 2022-06-17T21:30:26Z |
Which tumbling mat is best?
You don’t have to be a gymnast to need a tumbling mat in your home gym. These foam mats can also provide protection during activities such as dancing, cheerleading, yoga, Pilates, aerobics and martial arts. And they don’t just provide cushioning for your joints during high-impact activities — they can also make it more comfortable to perform exercises such as situps or pushups.
It all comes down to choosing the proper mat size and thickness. If you’re looking for a durable, high-quality mat, the Tumbl Trak Gymnastics Folding Tumbling Panel is an excellent choice.
What to know before you buy a tumbling mat
Size
Tumbling mats are available in three main sizes: 4 by 6 feet, 4 by 8 feet and 5 by 10 feet.
Choose a mat size based on the activity you plan to use it for and how many people will use it at the same time. Larger mats cost more, so double-check the size to avoid paying for space you may not need.
Thickness
After a mat, its thickness is the most essential feature to consider. Common thicknesses for tumbling mats include:
- 3/8 inch
- 1 inch
- 2 inches
- 4 inches
If your mat is too thin, it won’t provide adequate cushioning for your joints. But a mat that’s too thick can also be a problem, because your hands and feet may sink into it, possibly causing injury.
For safe landings in activities such as gymnastics, cheerleading and martial arts, opt for a thicker mat. A thinner mat can work well for low-impact exercises, including yoga and Pilates. If you’re purchasing a tumbling mat for your kids to play on, a 4-inch mat is usually best.
Outer material
Most tumbling mats have exteriors made of polyurethane leather or knife-coated vinyl. Polyurethane leather mats are usually more expensive than vinyl ones, but polyurethane is highly flexible. That means it’s less likely to crack, so it’s more durable.
Foam material
The interior of a tumbling mat is made of foam, but you can usually choose from two types: EVA cross-linked polyethylene foam and EPE high-density eco-friendly foam.
EPE foam is highly effective at shock absorption because it’s similar to memory foam. On the other hand, EVA foam offers a bouncier surface, so you can spring up more easily.
Folding vs. roll-out mats
Most tumbling mats are foldable, so you can easily store them. However, you can roll up some mats with a thickness of 1 inch or less. These mats are usually meant for aerobics, yoga or wrestling. They take up even less space than folding mats, allowing for even easier storage.
What to look for in a quality tumbling mat
Carrying handles
Folding mats usually have handles to make it easier to move them. Some mats are heavy, so the handles are especially helpful. Check that the handles are well-made and sturdy, so you don’t have to worry about them breaking.
Fasteners vs. Velcro
Most tumbling mats let you connect one mat to another if you need a larger area for your workout or practice. They can feature hook-and-eye fasteners, “S” fasteners or Velcro. Velcro attachments are quick and easy to use but usually the least durable.
Anti-slip bottom
Many tumbling mats feature the same exterior surface on both sides, but you can find some with an anti-slip surface on the underside. This coating is typically made of a rubberized material that provides effective traction to keep the mat from sliding around.
How much you can expect to spend on a tumbling mat
Tumbling mats typically cost $25-$100. For the most durable, easy-to-use mats, though, you’ll generally pay $100-$150.
Tumbling mat FAQ
How long do tumbling mats last?
A. It depends on the quality of their materials, how often you use the mats and how well you care for them. Most last at least one to three years, but you may need to replace yours sooner if you use it regularly.
Can I use a tumbling mat outdoors?
A. Some mats are waterproof, so they can hold up to the elements. In general, though, it’s best to leave your mat indoors. It’s likely to wear down more quickly if you use it outside.
What’s the best tumbling mat to buy?
Top tumbling mat
Tumbl Trak Gymnastics Folding Tumbling Panel Mat
What you need to know: This has a reputation as one of the highest-quality mats, so it’s ideal for high-impact activities such as gymnastics, cheer and dance.
What you’ll love: It features highly durable construction that helps it last through regular use. It’s made of sturdy vinyl and EVA foam, is available in multiple sizes and colors, and folds for easy storage.
What you should consider: Some buyers report that they didn’t receive the mat they ordered.
Where to buy: Sold by Amazon
Top tumbling mat for the money
BestMassage Gymnastics, Tumbling and Fitness Exercise Mat
What you need to know: This budget-friendly mat works equally well for gymnastics and basic workouts.
What you’ll love: It’s available in multiple colors, including a rainbow design. It’s lightweight, folds up easily and has a convenient carrying handle. It can connect with other mats for a larger practice area.
What you should consider: It’s not as thick or long as other mats. Some buyers report that it can tear with regular use.
Where to buy: Sold by Amazon
Worth checking out
We Sell Mats Gymnastics Tumbling Exercise Folding Mats
What you need to know: This high-quality, durable mat offers excellent construction and thickness for a wide array of activities.
What you’ll love: It comes in 1 1/2- and 2-inch thickness and is constructed of Crosslink Polyethylene foam covered with thick, durable vinyl. It has hook-and-loop closures to connect additional mats. It’s easy to clean with soap and water.
What you should consider: The mats can have a strong chemical smell, so they may require airing out before use.
Where to buy: Sold by Amazon
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Jennifer Blair 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/sports-fitness-br/gymnastics-br/best-tumbling-mat/ | 2022-04-25T23:16:09Z |
JACKSONVILLE, Fla., June 13, 2022 /PRNewswire/ -- Fintainium Inc. ("Fintainium" or the "Company") announced today that Bruning Bancshares ("Bruning") has made an equity investment into Fintainium alongside several family offices and high-net-worth individual investors comprising a total of $2.5M in equity. The investment is intended to support the continued development of Fintainium's next-generation treasury management platform and the hiring of key talent.
Alongside this investment, Fintainium has expanded its board of directors and appointed Kenneth McPhail as chairman and Chris Tonniges as a director. Ken brings over 30 years of investment and commercial banking experience within the financial services industry, having most recently served as EVP and Chief Strategy Officer at CIT Bank, where he was a lead executive on the sale of the bank to First Citizens BancShares, Raleigh, NC. Previously Ken acted as a senior investment banker in the financial Institutions' M&A sector, responsible for originating and executing over $60 billion in merger transactions. Chris is a fifth-generation banker and serves on the Board of Bruning. Chris is currently the CEO of a Health and Human Services Non-Profit organization but also worked at CIT Bank, where he was the head of FinTech banking services. He helped design, build, and create banking systems for FinTech customers allowing them to build and scale payment functionality. Combined, Ken and Chris bring over 60 years of experience in banking and FinTech to help accelerate Fintainium's growth to the next stage.
Chris remarked, "These are exciting times for Bruning Bancshares as we partner, enable, and assist in the growth, scalability, and revenue acceleration phase of Fintainium's history. This is the right time and partner for this strategic investment."
In addition to the board expansion, Fintainium has added Barton "Chip" Bright to the executive team as Chief Compliance Officer, General Counsel, and Corporate Secretary. Chip brings over 25 years of experience serving the financial services and IT industries. He has held senior and chief legal and compliance positions with such companies as SunTrust Bank, TSYS, BBVA Compass, FIS Global, FactorTrust, and BillingTree.
Fintainium's Chief Executive Officer, Richard Jackman, remarked, "We are very fortunate to add such high caliber talent to the FINTAINIUM leadership team. Ken's leadership along with Chris and Chip's deep fintech expertise will ensure that Fintainium continues to grow and marks an exciting time for the company."
Fintainium facilitates the relationship between financial institutions, businesses, and other technology companies by combining world-class domestic and international money movement products with workflow, accounting, and reconciliation automation. Fintainium enhances back-office operations for institutions and streamlines working capital management for end-users.
In addition, Fintainium is announcing the formation of Fintainium CUSO, LLC, to serve the Credit Union community. The LLC is currently in its pre-registration status.
To learn more about Fintainium and the services it provides, visit: https://fintainium.tiny.us/f-i
About Fintainium
Based in Jacksonville, Florida, Fintainium facilitates the relationship between financial institutions, businesses, and other technology companies. Fintainium combines world-class domestic and international money movement products with workflow, accounting, and reconciliation automation. Fintainium enhances back-office operations for institutions and streamlines accounting processes for end-users.
Fintainium is an open API-driven and modular platform that works seamlessly with banking core and ERP systems. Fintainium's modular platform delivers financial solutions such as embedded payments and lending, an integrated CFO toolkit with business intelligence, real-time payments, cash flow optimization, and back-office automation. Fintainium is the only platform that combines all these features into a simple, easy-to-navigate user interface.
For further information:
FINTAINIUM INC.
Richard Jackman
Chief Executive Officer
Richard.Jackman@gofintainium.com
Brandon Rosenblatt
Chief Strategy Officer
Brandon.Rosenblatt@gofintainium.com
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SOURCE Fintainium, Inc. | https://www.kxii.com/prnewswire/2022/06/13/fintainium-receives-1m-funding-bruning-bancshares-expands-its-leadership-team-by-adding-key-board-members/ | 2022-06-13T18:31:25Z |
Caught on video: Bear climbs into Wisconsin home while family is sleeping
CRIVITZ, Wis. (WBAY/Gray News) - A conservation warden had to remove a bear from a cabin near Crivitz, Wisconsin, after it climbed inside while the family slept.
The Department of Natural Resources warden, Tim Werner, never expected a viral video would make him a celebrity bear wrangler, WBAY reported.
“Saw the video, I was quite surprised actually and got a good chuckle out of it,” Werner said.
Just before midnight on Sunday, Werner received a call about a bear that entered a vacation home near Crivitz through a kitchen window. The intruder snuck in while most of the family was asleep.
“The bear was able to actually punch through the screen and came in, ate some food in the kitchen and then ended up working its way into the master bathroom,” Werner said.
Werner says the startled guests from Illinois woke up, closed the bathroom door, then ran out of the house and called for help.
“Our original plan was to actually try to funnel this bear -- open the bathroom door, use some furniture to funnel it to the front door and let it out that way. Unfortunately, the bear didn’t cooperate with us and didn’t want to come out of the bathroom,” Werner said.
Noticing the bear was just a juvenile and roughly 120 pounds, Werner figured he could use a catch pole.
It worked, but not before a stubborn, feisty struggle that ended with the bear released outside, unharmed. Video from Shane Gyger shows the bear being unwillingly removed from the home.
“I’ve dealt with wolves and bobcats and other animals that have been caught in traps and helped release those, but as far as releasing a bear from a house, this is a first,” Werner said.
Bear encounters are increasing at this time of year as adults go in search of a mate and cubs are sent off to venture on their own. The Wisconsin DNR estimated there were 23,200 black bears in the state last fall.
Copyright 2022 WBAY via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/06/22/caught-video-bear-climbs-into-wisconsin-home-while-family-is-sleeping/ | 2022-06-22T01:46:27Z |
MONTEREY, Calif. (AP) — Scott Dixon knows IndyCar’s tightest championship race in nearly 20 years would have probably been long decided if not for a rare gaffe by “The Iceman” in the Indianapolis 500.
Dixon was the dominant car at Indianapolis in May and led 95 laps until a late speeding penalty took the New Zealander out of contention. Chip Ganassi Racing teammate Marcus Ericsson instead won the race and, because the Indy 500 is worth double points, Ericsson was suddenly thrust into the IndyCar championship race.
But if Dixon had not been speeding, he’d have maybe scored the win, or at minimum finished higher than 21st. Ericsson received 109 points for the victory; Dixon earned just 33 in a crushing disappointment that may have ultimate implications on the championship.
Will Power is the points leader headed into Sunday’s season finale, a five-driver battle that is the tightest in IndyCar since 2003 when the series was called “The IRL.” Power leads Dixon and his Team Penske teammate Josef Newgarden by 20 points. Ericsson is 39 points out of the lead, with McLaughlin of Penske in fifth and 41 points out.
Going just a touch slower down pit road way back in May would have likely sent Dixon into Laguna Seca Raceway with a sizeable lead in the standings in pursuit of a record-tying seventh championship.
“Yeah, I think had we finished even in the top-three, this championship would be pretty easy right now,” Dixon told The Associated Press. “But I can’t change that. It’s history. It’s long gone. And you’ve got to move forward.”
Dixon recovered from Indianapolis to win at Toronto, where he tied Mario Andretti for second on IndyCar’s wins list, and win No. 53 moved him past Andretti when he won at Nashville in August. That second win of the season moved him back into title contention, and his drive from 16th to third last week at Portland made him a serious challenger to Power come Sunday.
Should he win that title, it would move Dixon to the mystical number seven, the record mark across the top series in the world. AJ Foyt holds the IndyCar record with seven titles, Richard Petty, the late Dale Earnhardt and Jimmie Johnson won seven in NASCAR, and Michael Schumacher and Lewis Hamilton each have seven F1 titles.
Dixon doesn’t even entertain the idea of joining the exclusive club.
“It’s great to talk about after your accomplishments, but I’ve got six, I don’t have seven,” Dixon told AP. “I think I like seven because it is more than six. If you look at the historical side of it, or if you look at motorsports or other sports in general, seven is definitely at the top of the heap and it would of course be very special. But I have six now and that’s the facts.”
Dixon and the Chip Ganassi Racing fleet used their final test of the season at Laguna Seca, while Team Penske used its last test at Portland and went 1-2 in the race with McLaughlin and Power. It has sent two Ganassi drivers and three Penske drivers into the title decider, and the two teams have combined to win 14 of IndyCar’s last 16 championships.
Ganassi is winner of the last two championships and has come out on top in 10 of the title fights, in part because of the Ganassi philosophy to race for the greater organization. They view Team Penske as a three singular efforts with the only team orders being that the best driver wins.
It’s made for some tension in the Penske camp, particularly during a Pebble Beach media event for the contenders, where Newgarden seemed aloof as his rivals enjoyed their morning on the iconic golf course.
Newgarden, who has won a series-high five races this year and overcame an apparent concussion suffered in August, later revealed he’s had some internal struggles this season. He’s had to apologize to his crew at times, and explained it away as “an issue with trying to be a perfectionist in everything that I do.
“The more years you do this, the more you demand that excellence and perfection,” Newgarden said. “(When) it gets derailed, the easier it is to upset you. That’s been the case for me. Because I’m such a perfectionist, the longer I’ve done this, the harder it gets. If you’re a perfectionist and you do this sport long enough, and that starts to turn into an expectation that can frustrate you when it doesn’t transpire, that can be a negative.
“I felt it was a negative the way I was reacting to it, and it was just a buildup of one too many races not going according to plan was really the issue with it.”
Things seem much calmer in the Ganassi camp, even as the team remains divided over reigning IndyCar champion Alex Palou’s decision to leave at the end of the season. Ganassi says he’s got Palou under contract through 2023, but Palou says he’s signed to drive from McLaren. The dispute is winding through both mediation and the court system.
Dixon, who is in his 20th season with Ganassi and the team’s most tenured driver, does not speak to Palou and is unsure if Palou will do anything to assist him in Sunday’s championship race. Ericsson does speak to Palou (as does Jimmie Johnson) and said there is no confusion over the rules of engagement at Ganassi.
“Always from the first day you enter Ganassi, it’s always about the team. You work with your teammates, you win with your teammates, and you lose with your teammates,” Ericsson said. “It’s pretty clear for Chip that we want to win a championship. For me, I want it to be me, but if I can’t, I want (Dixon) to do it. I would help for sure.”
___
More AP auto racing: https://apnews.com/hub/auto-racing and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/ap-dixon-still-in-indycar-title-fight-despite-indy-500-gaffe/ | 2022-09-10T16:31:12Z |
GoFundMe for teen murder suspect shut down
OLYMPIA, Wash. (KIRO) - An online fundraiser for a Washington state teen facing murder charges is no longer active. Some say, despite the situation, it should not have been taken down.
Gabriel Davies, 16, mysteriously disappeared Wednesday night from Olympia, Washington. Blood was found in his abandoned truck. As the search went on, authorities found the body of a 51-year-old man, a man a relative of Davies once lived with. He had been fatally shot inside his home near Orting.
Davies reappeared Thursday night. His family asked for privacy.
Then, the next night, Davies and another 16-year-old boy from Thurston County were arrested and booked on suspicion of second-degree murder in connection to the 51-year-old man’s death.
“When the story first came out, of course I was worried that he was injured or something else had happened. And then when the other details came out, you know, obviously pretty shocking,” said Olympia resident Dave Geroux.
A GoFundMe was set up Saturday to raise money for Davies’ legal defense. It raised nearly $21,000 before it was taken down Sunday afternoon.
GoFundMe said the page violated its terms of service and that it doesn’t allow anyone to raise money for someone suspected of a violent crime. All donations to Davies’ defense will be refunded.
“Seemed like the kid was on the football team, heading down the right path, and next thing you know, he’s arrested for murder,” said Olympia resident John Robertson.
He thinks the GoFundMe for Davies should have been allowed to stay up.
“Innocent until proven guilty. It seems like you ought to have whatever means is necessary to defend yourself,” he said.
Davies and his alleged accomplice are expected to be in court Tuesday.
Copyright 2022 KIRO via CNN Newsource. All rights reserved. | https://www.kxii.com/2022/09/06/gofundme-teen-murder-suspect-shut-down/ | 2022-09-06T06:01:59Z |
A Las Vegas man who was one of the earliest cases of monkeypox in Nevada speaks out about his ordeal, hoping to break stigmas and encourage testing and vaccines for prevention.
LAS VEGAS, Nevada (KVVU) -- A Las Vegas man who was one of the earliest cases of monkeypox in Nevada speaks out about his ordeal, hoping to break stigmas and encourage testing and vaccines for prevention.
“It’s best for people who have been through it and experienced it, those should be the ones to speak out about it,” Brian Bonds said, also an advocate for health and LGBTQ+ health. He has lived a healthy lifestyle for years with HIV in remission and works in the adult film industry as an actor.
Bonds traveled to San Diego for Pride festivities and went to gatherings with friends. In late July, he learned that one of his friends had tested positive for monkeypox. Around July 25, he developed a bump on his nose.
“It just looks like a zit. But then it eventually developed. I went to my doctor, they did a little culture. And we got the results back. It was confirmed positive,” he said.
He also ended up testing positive for COVID-19 at the same time.
Bonds developed bumps on his nose, which he described as extremely painful. “I felt like I just got punched in the nose for like three days straight,” he said. Through the Huntridge Clinic, he was able to obtain TPox medicine through the Southern Nevada Health District. “It was basically just fever, body aches, chills along with swelling around the nose. It seemed like my nose doubled in size,” he said.
The bumps on Bonds’ face have mostly disappeared, though the process has taken weeks. He urges anyone to get tested and treated quickly, to perhaps lessen the symptoms.
“If you get the vaccine, it could probably help with the symptoms not being so bad. If you can get something that could help, or even help prevent it, why not go do it?” he said.
Bonds hopes to lessen the stigmas around the virus, as CDC officials remind people that any person, regardless of gender, sexual orientation, or age, can get the virus. The majority of cases come from sexual contact, prolonged physical skin-to-skin contact, or touch with rashes; it also spreads through respiratory droplets and could even pop up on surfaces.
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accounts, the history behind an article. | https://www.albanyherald.com/las-vegas-man-recovering-from-monkeypox-speaks-out/article_0771e82d-3a12-50e9-896c-5644997122da.html | 2022-08-10T19:01:00Z |
ATLANTA, July 25, 2022 /PRNewswire/ -- Invesco Mortgage Capital Inc. (NYSE: IVR) will announce its second quarter 2022 results Thursday, August 4, 2022 after market close. A conference call and audio webcast to review second quarter 2022 results will be held on Friday, August 5, 2022, at 9:00 a.m. ET. Scheduled to speak are John Anzalone, Chief Executive Officer; Lee Phegley, Chief Financial Officer; Brian Norris, Chief Investment Officer; Kevin Collins, President; and David Lyle, Chief Operating Officer.
A presentation will be available on the Company's Web site at www.invescomortgagecapital.com prior to the call.
An audio replay will be available until August 19, 2022 by calling:
888-566-0495 (North America) or 1-203-369-3054 (International).
Invesco Mortgage Capital Inc. is a real estate investment trust that primarily focuses on investing in, financing and managing mortgage-backed securities and other mortgage-related assets. Invesco Mortgage Capital Inc. is externally managed and advised by Invesco Advisers, Inc., a registered investment adviser and an indirect, wholly-owned subsidiary of Invesco Ltd., a leading independent global investment management firm. Additional information is available at www.invescomortgagecapital.com.
Investor Relations Contact: Jack Bateman, 404-439-3323
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SOURCE Invesco Mortgage Capital Inc. | https://www.wibw.com/prnewswire/2022/07/25/invesco-mortgage-capital-inc-announce-second-quarter-2022-results/ | 2022-07-25T20:48:12Z |
COVID outbreak ‘extremely grim’ as Shanghai extends lockdown
BEIJING (AP) — A city official says the COVID-19 outbreak in China’s largest metropolis of Shanghai remains “extremely grim” amid an ongoing lockdown confining 26 million people to their homes. China has sent more than 10,000 health workers from around the country to aid the city, including 2,000 from the military, and is mass testing residents, some of whom have been locked-down for weeks. Most of eastern Shanghai, which was supposed to reopen last Friday, remained locked down along with the western half of the city. Concern is growing about the potential economic impact on China’s financial capital, also a major shipping and manufacturing center. Shanghai recorded another 13,354 cases on Monday, the vast majority of them asymptomatic. | https://localnews8.com/news/ap-national-business/2022/04/05/covid-outbreak-extremely-grim-as-shanghai-extends-lockdown/ | 2022-04-05T07:06:04Z |
All figures in USD unless stated otherwise
TORONTO, May 17, 2022 /PRNewswire/ - Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQB: HCANF) (Germany: A9KN) today announced its financial and operational results for three months ended March 31, 2022 ("Q1 2022"). Halo's book value- booking investments at actual adjust costs basis after impairments per IFRS guidelines- is $80.7 million. These actual results validate that the Company's fundamental shift in strategy to incubate and spin out cannabis related companies is expected to create significant value for shareholders.
"Marked to market the Company's estimated unrealized gain before taxes at March 31, 2021, on Halo's investment in Akanda was approximately $74.6 million,1" said Kiran Sidhu, CEO, and Director. "We expect that if the intended acquisition and subsequent spin out of PhytoCann SA ("PhytoCann") is completed, it will also create substantial value by delivering meaningful revenue and operating profit contribution.2"
- Akanda Corp. ("Akanda"), Halo's first incubated company, completed its initial public offering and the listing of its common shares (the "Akanda Shares") on NASDAQ in March 2022.
- Halo's consolidated Q1 2022 revenue of $7.6 million declined $2.4 million, or 23.9%, compared to revenue of $9.9 million in Q1 2021. Revenue was impacted by a significant downturn in both the California and Oregon markets. The flower category, which is a leading indicator, sharply declined, with sales falling by 23% in California and 26% in Oregon year over year.3 Adjusted gross profit4 was $1.4 million, or 18.7% gross margin, compared to $2.2 million, or 22.1% gross margin, in Q1 2021.
- Halo's California Wholesale business segment posted positive EBITDA in Q1 2022.
- As of March 31, 2022, the Company had a book value of $80.7 million ($1.65 book value per share).
"In 2022, we intend to develop, grow, and ultimately monetize assets by incubating promising cannabis related businesses while remaining laser focused on optimizing West coast cannabis operations. The planned spinout of Halo Tek Inc. is expected to result in a distribution to all Halo shareholders. The intended acquisition of Phytocann is expected to add significant revenue and EBITDA to the Company in late 2022," said Katie Field, President, and Director.
"Halo's California wholesale business segment is EBITDA positive and scaling. We expect to re-achieve positive EBITDA contribution from the Oregon wholesale business segment in the latter half of 2022," added Joshua Haddox, Chief Operating Officer.
"The Company's California dispensary business segment officially opened in Q1 and is growing quickly. After a six-month ramp-up period per dispensary, we expect the Los Angeles dispensaries in North Hollywood, Westwood, and Hollywood to contribute positive EBITDA," commented Beau McKeon, Senior Vice President of Retail Operations.
- Akanda successfully listed the Akanda Shares on the Nasdaq Capital Market on March 15, 2022, under the ticker symbol "AKAN ."As of March 31, 2022, the Company held a total of 12,674,957 common shares of Akanda, and based on Akanda's listed stock price per NASDAQ of $7.94 per share on March 31, 20225, the Company had an estimated unrealized gain from Halo's Akanda investment of $74.6 million.
- Halo Tek Inc. ("Halo Tek"), a wholly owned subsidiary of Halo, filed a preliminary long form prospectus with the securities regulatory authorities in each of the provinces and territories of Canada, other than Québec, for the purpose of qualifying the distribution by Halo to holders of Halo's common shares ("Halo Shares") of all of the issued and outstanding common shares in the capital of Halo Tek (the "Halo Tek Shares") as a return of capital (the "Distribution"). Prior to the Distribution, Halo intends to reorganize its technology assets so that Halo Tek is the owner of all the outstanding shares of Halo DispensaryTrack Software Inc., Halo AccuDab Holdings Inc., Halo Cannalift Delivery Inc., Nasalbinoid Natural Devices Corp., 1265292 B.C. Ltd. (d/b/a Cannafeels), and 1275111 B.C. Ltd.
- Halo signed a letter of intent and entered into exclusive negotiations to acquire Phytocann, one of Europe's leading wellness CBD companies. Upon closing the acquisition of PhytoCann, PhytoCann is expected to add substantial net revenue and EBITDA and an impressive CBD-based product lineup to Halo.
- The Company also expects its holding in Elegance Brands, Inc., now known as Sway Energy Corporation ("Sway"), to be listed on a major North American exchange in 2022. Halo holds 9,333,333 shares in Sway, and the listing would allow Halo to monetize the position. The Company further holds 5,000,000 Sway warrants exercisable at a price of $0.75 per Sway share.
The initial phase of Halo's retail rollout is almost complete. As of May 16, 2022, Halo has opened its North Hollywood dispensary under the Budega™ brand. The Company's flagship Westwood dispensary is expected to open by May 27, 2022. The Hollywood location is planned to open by the end of June 2022. After a six-month ramp-up period per store, collectively, dispensaries are expected to contribute $27 million of net revenue and $4 million of operating profit contribution annually.6 The Company is in discussions with numerous other dispensary acquisition targets, but there is no assurance that any transaction will be completed.
California
In Q1 2022, the California wholesale business segment reported revenue of $2.0 million, gross margin of 20.1%, and Adjusted EBITDA7 of $0.1 million. These promising results resulted from:
- Expansion of California's product line to 77 SKUs, including product categories gaining market share.
- Increased distribution from 142 dispensaries on December 31st, 2021, to 163 on March 31 st, 2022. Bad debts have been reduced, and accounts receivable days have decreased.
- Overhauled social media platforms and added brand ambassadors to increase retail sell through and demand at the consumer level.
- Increased white label business reducing fixed overhead costs and contributing to positive net income
- As of April 2022, discontinued operations at Coastal Harvest and consolidated to Outer Galactic Chocolates/Mendocino Distribution and Transportation LLC, which will reduce overheads and increase profitability in Q2 2022.
The Company anticipates Governor Newsom's tax proposal- which would eliminate cultivation tax starting July 2022- if passed, would further increase profitability and growth of the California business segment.
Oregon
Consolidated Oregon wholesale revenue was $4.9 million with a gross profit of $0.7 million, representing a 13.8% gross margin. Notable operating highlights from this quarter include:
- Increased Oregon's product lineup to 422 SKUs targeting growing market categories by March 31st, 2022.
- Decreased distribution of our products to Oregon dispensaries from 478 on December 31, 2021, to 464 on March 31st, 2022; bad debts have been reduced, and accounts receivable days have decreased.
- Further reductions planned of production overheads and "right sizing" of the business for current revenue and future projections.
- Reduction in outdoor cultivation operations both in scope and cost for the 2022 growing season to decrease working capital expenditure and improve cash flow.
In March 2022, the Oregon legislature signed HB4016, a moratorium that inactivates all marijuana license applications received after January 1, 2022, until March 31, 2024. Additionally, it allows the Oregon Liquor and Cannabis Commission to refuse to issue any new marijuana licenses until further notice. Halo anticipates this favorable policy change will decrease saturation and lead to rising wholesale cannabis prices over time. The net effect of this bill is expected to result in an increase in product profitability in the State of Oregon.
Halo Kushbar Retail Inc. ("Kushbar") reported $0.6 million in dispensary revenue and a gross margin of 32.2%. Combined, the three Kushbar stores had $1,678 in adjusted EBITDA8. As Halo assumes management of the Kushbar locations, the Company expects this segment to contribute to profitability. Management has devised a roadmap to improve the three Alberta stores and increase margin.
- Brand: Management intends to rebrand the stores from Kushbar to Budega. While the stores are aesthetically pleasing, the Company believes that the Budega brand promise -- superior quality product, community-centricity, and sunset vibes – will resonate well with Canadian consumers. To achieve this, each store will be refreshed by the end of 2022 with mini makeovers that will reflect that of Budega's U.S. operating retail outlets.
- Performance: To drive sales performance, the Company plans to methodically assess and rationalize the product assortment to ensure the store stocks the highest velocity items. SKUs held in inventory past 30 days must be sold through and replaced with products that our consumer base desires most.
- Experience: The Company intends to implement proprietary operational systems to shift the focus of frontline employees from "clerking" to ensuring customers leave with every need filled and expectations exceeded. In both U.S. and Canadian operations, we will continue to be laser focused on ensuring each guest interaction is thoughtful and complete. Upon exit, the consumer should not have to stop at any other dispensary for cannabis products.
- Loyalty: Halo believes the current Kushbar loyalty program can be improved by applying the successful Budega approach. By implementing the Budega loyalty program, the Company anticipates Kushbar stores will experience improved sell through, overall guest experience leading to more frequent purchases, larger basket size, and higher average ticket size.
Halo corporate overheads were $10.6 million in Q1 2022 compared to $10.9 million in Q4 2021, a 3% decrease. The Company expects more significant reductions through 2022. These reductions include, but are not limited to:
- Professional and legal fees are expected to decline as Halo Tek spins out, the pace of smaller acquisitions declines, and more professional and legal services have been brought in house.
- Executive salaries are expected to be paid in cash by Q3 2022, reducing aggregate costs by 50%.
- General and administrative costs are expected to decline as travel costs abate.
Halo will host a live webinar at 4:15 p.m. Eastern Time on Wednesday, May 18, 2022, to discuss its results. To access the webinar, visit https://conferencingportals.com/event/qzlwFzzt. The webinar will also be available on a telephonic replay after the event until May 25, 2022. To access the replay, dial 1-(800) 770-2030 (toll free) or (647) 362-9199 (international) and enter conference ID: 45805.
Please email all questions in advance to info@haloco.com.
Complete results are reported in the Company's condensed interim consolidated financial statements for the three months ended March 31, 2022, and associated management's discussion and analysis (the "Q1 2022 MD&A").
Halo is a multi-national incubation company with assets and operations centered in both THC and non-THC sectors. For the THC sector, Halo is focused on the West Coast of the United States where it has vertically integrated operations covering the entire value chain from seed to sale. Halo cultivates, extracts, manufactures, and distributes quality cannabis flower, pre-rolls, vape carts, edibles, and concentrates. Halo sells these products under a portfolio of brands including Hush™, Winberry Farms™, Williams Wonder Farms, its retail brand Budega™, and under license agreements with Papa's Herb®, DNA Genetics, and FlowerShop*. Halo has opened a dispensary in Los Angeles under the Budega™ brand in North Hollywood and plans to open two more in Hollywood, and Westwood in the second quarter of 2022. Halo also operates three Kushbar retail cannabis stores located in Alberta, Canada.
In the non-THC sector, Halo is expanding into health and wellness categories including CBD and functional supplements such as nootropic nutraceuticals and non-psychotropic mushrooms. Halo, through a series of acquisitions, has product offerings in the form of beverages (H2C Beverages), dissolvable strips (Dissolve Medical), capsules (Hushrooms™), and topical supplements (Hatshe) with proposed national distribution via a strategic agreement with SWAY Energy Corporation. Halo has entered a letter of intent to acquire Phytocann Holdings, one of Europe's leading wellness CBD consumer packaged goods companies with a portfolio of value and premium brands including Ivory, Harvest Laboratoires, Easy Weed, Kanolia, Herboristerie Alexandra, Buddies and Ghosty Buds.
As an incubator, Halo has successfully acquired and integrated a variety of companies which were subsequently reorganized to create Akanda Corp. (NASDAQ: AKAN), an international medical cannabis and wellness company, of which Halo currently owns approximately 44% of the common shares. Halo has also acquired a range of software development assets, including CannPOS, Cannalift, CannaFeels, and a discrete sublingual dosing technology, Accudab. Halo intends to reorganize these entities (including their intellectual property and patent applications) into a subsidiary called Halo Tek Inc., and to complete a distribution of the shares of Halo Tek Inc. to shareholders on record, at a date to be determined.
For further information regarding Halo, see Halo's disclosure documents on SEDAR at www.sedar.com.
Connect with Halo Collective: Email | Website | LinkedIn | Twitter | Instagram
Adjusted Gross Profit and Adjusted EBITDA are non-IFRS financial measures that the Company uses to assess its operating performance and does not have any standardized meaning prescribed by IFRS. Management defines Adjusted Gross Profit as Gross Profit adjusted for fair value gains or losses on biological assets, and impairments included in cost of goods sold. Management defines Adjusted EBITDA as earnings (loss) before interest, tax, depreciation, and amortization, as adjusted for non-cash items. These non-IFRS measures are provided to assist management and investors in determining the Company's operating performance. The Company also believes that securities analysts, investors, and other interested parties frequently use these non-IFRS measures in the evaluation of companies, many of which present similar metrics when reporting their results. As other companies may calculate these non-IFRS measures differently than the Company, these metrics may not be comparable to similarly titled measures reported by other companies. We caution readers that Adjusted EBITDA should not be substituted for determining net loss as an indicator of operating results, or as a substitute for cash flows from operating and investing activities. For a reconciliation of Adjusted Gross Profit and Adjusted EBITDA, please refer to "Non-IFRS Measures" in the Q1 2022 MD&A, which is available on the Company's SEDAR profile at www.sedar.com.
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Halo's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Halo's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". Forward-looking information may relate to anticipated events or results including, but not limited to the expected results of operations and changes to operating expenses currently expected by management, the number of stores to be added by the end of the year, management's plans regarding its portfolio of cannabis businesses, the proposed acquisition of PhytoCann, revenue outlook, the expected contribution from the Company's California dispensaries and the expected opening date thereof, the time and place for the Company's earnings call, the Company's expansion plans regarding Canada, the expected size and capabilities of the final facility planned at Ukiah Ventures, the size of Halo's planned cultivation facility in Northern California, and the proposed spin-off by Halo Tek Inc.
By identifying such information and statements in this manner, Halo is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, Halo has made certain assumptions. Although Halo believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Among others, the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: inability of management to successfully integrate the operations of acquired businesses, changes in the consumer market for cannabis products, changes in the expected outcomes of the proposed changes to Halo's operations, delays in obtaining required licenses or approvals necessary for the build-out of Oregon operations, dispensaries or Canadian operations, the proposed spin-out with Halo Tek Inc., delays or unforeseen costs incurred in connection with construction, the ability of competitors to scale operations in Northern California, delays or unforeseen difficulties in connection with the cultivation and harvest of Halo's raw material, changes in general economic, business and political conditions, including changes in the financial markets; and the other risks disclosed in the Company's annual information form dated March 31, 2021 and other disclosure documents available on the Company's profile at www.sedar.com. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Halo does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to Halo or persons acting on its behalf is expressly qualified in its entirety by this notice.
This press release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared to provide an outlook for annual net revenues and operating profit for the Company's three Budega dispensaries, following a ramp-up period of six-months per location and may not be appropriate for any other purpose. The financial outlook has been prepared based on several assumptions including the assumptions discussed under the heading "Cautionary Note Regarding Forward-Looking Information and Statements" above and assumptions with respect to market conditions, pricing, and demand. The actual results for any period will likely vary from the amounts set forth in these projections and such variations may be material. The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading "Cautionary Note Regarding Forward-Looking Information and Statements" above, it should not be relied on as necessarily indicative of future results.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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SOURCE Halo Collective Inc. | https://www.kxii.com/prnewswire/2022/05/17/r-e-p-e-t-halo-collective-reports-first-quarter-2022-financial-results-book-value-per-share-165-212-cad/ | 2022-05-17T13:24:52Z |
HOUSTON, June 2, 2022 /PRNewswire/ -- McDermott International has been awarded a Front-End Engineering Design (FEED) contract by North Oil Company (NOC) for the Ruya Development, previously referred to as Al-Shaheen Phase 3-Batch 1, located offshore Qatar. This award is one the largest FEED projects undertaken in McDermott's history and follows the successful completion of the pre-FEED contract.
"This is a strategic contract for our offshore business in Qatar and a game-changer for McDermott as it represents the largest offshore FEED we have ever received in the Middle East," said Tareq Kawash, McDermott's Senior Vice President, Offshore Middle East. "As was the case for the Pre-FEED with NOC, work will be led from our highly skilled Doha operating center and will be supported by our Chennai engineering office."
"The award strengthens our successful collaboration with NOC and demonstrates the continuity of our business relationship with them," said Neil Gunnion, McDermott Qatar Country Manager and Vice President Operations. "Utilizing our comprehensive experience and in-depth knowledge of the offshore sector in Qatar, we look forward to continuing to work closely with NOC to contribute to the development of Shaheen, which is Qatar's largest offshore oil field."
The scope of the contract comprises developing FEED studies and deliverables suitable for an engineering, procurement, construction, installation and commissioning (EPCIC) project. This includes creating technical output data (FEED data), providing EPCIC schedule and cost estimates, and developing an early work plan for the brownfield scope with necessary site surveys. The scope also ensures that new greenfield facilities design and brownfield modifications comply with applicable rules and regulations.
McDermott has decades of experience delivering projects in Qatar, a historically strategic market, and is significantly increasing localization efforts with the Tawteen In-Country Value (ICV) program. The Ruya Project will be managed from the McDermott Doha office with support from Chennai.
About McDermott
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott's innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott's locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.
Forward-Looking Statements
McDermott cautions that statements in this communication which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties. These forward-looking statements include, among other things, statements about backlog, to the extent backlog may be viewed as an indicator of future revenues or profitability, and about the expected scope and execution of the project discussed in this press release. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit or capital markets; our inability to successfully execute on contracts in backlog; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties; changes in industry norms; actions by lenders, other creditors, customers and other business counterparties of McDermott and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. This communication reflects the views of McDermott's management as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.
Contacts:
Global Media Relations
Reba Reid
Senior Director, Global Communications and Marketing
+1 281 588 5636
RReid@McDermott.com
EMEA Media Relations
Barbara Knight
Senior Director, Communications and Marketing
+971 (0)4 804 3990
bbknight@mcdermott.com
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SOURCE McDermott International, Ltd | https://www.wibw.com/prnewswire/2022/06/02/mcdermott-awarded-feed-by-north-oil-company-qatars-largest-offshore-oil-field/ | 2022-06-02T11:49:20Z |
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VANCOUVER, BC, July 20, 2022 /PRNewswire/ - Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) ("Mako" or the "Company") is pleased to provide second quarter 2022 ("Q2 2022") production results from its San Albino gold mine ("San Albino") in northern Nicaragua, which is the fourth full quarter of production results since declaring commercial production on July 1st, 2021. Financial results for Q2 2022, including detailed reporting of our operating costs, are expected to be released in August.
- 47,220 tonnes mined containing 11,421 ounces of gold ("oz Au") at a blended grade of 7.52 grams per tonne gold ("g/t Au")
- 49,332 tonnes milled containing 11,576 oz Au at a blended grade of 7.30 g/t Au
- 139,401 tonnes in stockpile containing 13,385 oz Au at a blended grade of 2.99 g/t Au
- 8,630 oz Au recovered and 9,027 oz Au sold at an average realized price of US$1,866 per ounce
Akiba Leisman, Chief Executive Officer of Mako states that, "this quarter was the fourth full quarter of commercial production at San Albino. The mine is performing well, where the diluted vein material continues to positively reconcile to the resource model, and mill throughput has been running at above nameplate capacity of 500 tonnes per day, including all availability factors. The mill averaged 589 tonnes per day for the quarter at 92% availability, 8% above nameplate capacity. Replenishment of spare parts and minor adjustments to the plant since the beginning of the year improved mill availability throughout the first half of 2022, and we expect to be running at or above nameplate capacity for the foreseeable future. Recoveries have been below the 86% metallurgical recoveries predicted in our December 2019 metallurgical update (see press release dated December 13, 2019), due to organic carbon present in the hanging-wall and footwall of the vein. The plant is going through a series of optimizations to eliminate free cyanide concentrations in the recycled water, which will continue throughout Q3 2022. Additionally, we have implemented robust sampling mechanisms, and mining and stockpiling processes aimed at ensuring that particularly problematic material is kept away from the mill. Fortunately, the high grade vein material is not as problematic as the hanging-wall and footwall material, and to the extent possible we will be processing the diluted vein separately during the quarter with the plant optimized specifically for the high grade material. With all of these changes, we are optimistic that improvements in recoveries can be made later this year. A total of 9,027 ounces were sold in the quarter (9,580 ounces sold in Q1 2022), and operating cash flow from the mine remains robust, with exploration expenditures increasing, preparations for rainy season complete, an aggregate of US$10.3 million of principal being repaid under the Company's loan facility with Wexford and Sailfish Royalty Corp. since the beginning of Q3 2021, and 2 million common shares repurchased through our normal course issuer bid."
Table 1 – Production Results
Table 2 – Mining by phases Q2 2022
Table 3 – Quarter End Stockpile Statistics
The mine averaged 519 tpd of diluted vein material and historical dump + other in Q2 2022 with a strip ratio of 26.5 in total from the West Pit and Arras Zone that includes accelerated waste stripping in preparation for the rainy season (see Table 2). The current stockpile is 139,401 tonnes with 4,061 tonnes of higher grade diluted vein mineralization with a grade of 11.81 g/t Au and 135,340 tonnes at 2.72 g/t Au of historical dump + other for a total contained gold of 13,385 oz (mineral grade of 2.99 g/t Au).
The higher-grade material for the quarter came from the West Pit with an average grade of 8.02 g/t Au. As we are now deeper in the deposit we are mining mostly fresh material. The detailed grade control processes and procedures have been very effective in controlling mining dilution with a range as low as 30 cm on either side of the vein. Along with geological mapping and assays, additional lab testing has been implemented to identify increased organic content of the more difficult to process material, typically found in the footwall and hanging-wall rather than the high-grade vein itself. These improvements have increased the ability to selectively mine, separate, and stockpile according to grade and metallurgical characteristics while maintaining low dilution.
There were no additional night shifts to increase production during Q2. The rainy season started in mid-May and, as anticipated, production was delayed due to weather with a decline in June tonnage of approximately 22%. Although year-to-date production remains 1.6% over forecast, a limited extra shift of one excavator and seven trucks will start in July in an effort to ensure waste stripping stays on schedule.
All components of the 500 tpd gravity and carbon-in-leach processing plant have been fully operational since the beginning of May 2021. During Q2, 2022, the plant has been averaging 589 tpd at 92% availability (see Table 1). In Q2 2022 the plant processed 47% diluted vein material and 53% historical dump + other to achieve an average blended grade of 7.30 g/t Au and recovering an average of 74.5% (see Table 1).
The first two quarters of 2022 saw the mill operate at a throughput rate significantly higher than previous quarters. This was primarily due to improved equipment performance. The gold recovery was lower than previous quarters due to the much higher quantity of fresh material in the mill feed.
The fresh material contains naturally occurring carbon which can interfere with the gold recovery process. Eliminating free cyanide in the grinding circuit and only adding cyanide to the slurry in the CIL is essential in order to achieve optimal recoveries. Reducing cyanide concentrations from recycled water to optimal levels required a change in reagents. We were previously using the standard INCO/SO2 process (sodium metabisulfite and copper sulfate) but the results weren`t consistent and reliable. To adjust, we are now detoxing with sodium hypochlorite (common bleach), but the logistics needed to obtain necessary quantities took some time to develop. Further mill optimization efforts to lower cyanide concentrations in the mill grinding circuit are planned in the months ahead to more effectively treat the increased quantity of fresh material feeding the mill.
In the meantime, we have developed robust sampling mechanisms and mining and stockpiling processes aimed at ensuring particularly problematic material is kept away from the mill. The high grade vein material does not exhibit as strong pre-robbing tendencies as the material from the hanging-wall and footwall, and to the extent possible we will be processing that material separately during the quarter with the plant optimized specifically for the high grade material.
In addition, a second carbon stripping vessel is scheduled for installation in the third quarter of 2022 which will further debottleneck the carbon stripping circuit.
All of the above mentioned improvements to the processing plant have helped the plant achieve processing rates of an average of 589 tpd in Q2 2022, with over 9,000 ounces of gold sold for the third consecutive quarter (see Table 1).
John Rust, a metallurgical engineer and qualified person (as defined under NI 43-101) has read and approved the technical information contained in this press release. Mr. Rust is a senior metallurgist and a consultant to the Company.
On behalf of the Board,
Akiba Leisman
Chief Executive Officer
Mako Mining Corp. is a publicly listed gold mining, development and exploration company. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which ranks as one of the highest-grade open pit gold mines globally. Mako's primary objective is to operate San Albino profitably and fund exploration of prospective targets on its district-scale land package.
Forward-Looking Information: Statements contained herein, other than historical fact, may be considered "forward-looking information" within the meaning of applicable securities laws. The forward-looking information contained herein is based on the Company's plans and certain expectations and assumptions, including that Q2, 2022 detailed operating costs and financial results will be available in August 2022; that the replenishment of spare parts and minor adjustments to the plant are expected to further improve mill availability for the first quarter of 2022 and beyond; that we expect to be running at or above nameplate capacity for the foreseeable future, and that we are optimistic that improvements in recoveries can be made thereafter; now that the gravity circuit is operating continuously it is expected to improve recoveries and reduce processing costs of the high-grade mineralization; the additional carbon stripping vessel is expected to increase stripping capacity in the elution circuit and be operational in Q3 2022; ;and that the Company can operate San Albino profitably in order to fund exploration of prospective targets on its district-scale land package. Such forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking information, including, without limitation, the risk that the expected improvements noted will not be completed in the timeframes expected and/or will lead to the improvements expected; that the Company is not successful in operating San Albino profitably and/or funding its exploration of prospectus targets on its district-scale land package; political risks and uncertainties involving the Company's exploration properties; the inherent uncertainty of cost estimates and the potential for unexpected costs and expense; commodity price fluctuations and other risks and uncertainties as disclosed in the Company's public disclosure filings on SEDAR at www.sedar.com. Such information contained herein represents management's best judgment as of the date hereof, based on information currently available and is included for the purposes of providing investors with the Company's expectations regarding the Company's Q2 2022 production results at San Albino gold project, and may not be appropriate for other purposes. Mako does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Mako Mining Corp. | https://www.wibw.com/prnewswire/2022/07/20/mako-mining-provides-q2-2022-production-results/ | 2022-07-20T12:34:33Z |
Whitesboro Bearcats
WHITESBORO, Texas (KXII) - The Whitesboro Bearcats are coming off the deepest playoff run in school history.
Whitesboro played their way deep into December last year, going four rounds deep. Several of the players that were on that team return with some big time playoff experience. Now, Whitesboro wants to try and put it all together again, and see if they can re-write the record books once again.
“I think we can go further than last year,” nose tackle Isaiah Chappell said. “We have a closer bond and are doing the same things we did last year. We know what we are doing, we are just perfecting our technique.”
“I think we have a lot more experience coming back,:” safety Jace Sanders said. “We have a lot more size and put in a lot of work this off-season. I just think it is going to be a great year.”
“The biggest deal coming out of last year is the feeling of accomplishment by the kids of something that had never been done here,” head coach Cody Fagan said. “Now, it’s taking the lessons we learned through that and trying to go one step further, two steps further, in a perfect world, three steps further. The biggest thing you see is that the older guys get that development and experience in the games. The younger guys, the JV level, got 20 extra practices, a month of extra football. It just helps your program as a whole. The longer you can play into December, the better your kids get, and the more opportunities you have to do that again.”
The Bearcats return to a very familiar district that has most of the same teams, including Brock, the team that ended their season last year. But this Bearcat team is banking on being more versatile offensively this year, with a focus on making plays on the ground and in the air.
“I feel like we are a completely different team this year,” Sanders said. “A lot of the different stuff we have coming back, I feel like we can match it or make it better this year.”
“Last year we were able to sling it around, and we ran the ball decent,” Fagan said. “I think we are going to be able to do both at a really high level this year. If we can do that, I think we have a chance to make some real noise.”
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/08/06/whitesboro-bearcats/ | 2022-08-06T04:12:17Z |
Federal tourism aid funds gas stations, trash cans, jazz
By DAVID A. LIEB
Associated Press
Located along a remote stretch of Highway 395, the Fort Independence Travel Plaza touts a dozen gas pumps, clean restrooms and made-to-order meals for travelers visiting California’s Eastern Sierra.
The facility, which provides revenue for a Paiute Indian tribe, is about to quadruple in size thanks to an $8 million federal grant that will help build a new gas station with room for cultural displays and locally made products.
It’s one of hundreds of tourism-related projects nationwide that are collectively getting about $2.4 billion from the American Rescue Plan, according to an Associated Press analysis of funds flowing from last year’s wide-ranging coronavirus relief law.
The money is paying for graffiti-resistant trash cans in Portland, Oregon, culturally diverse music festivals in Nashville, Tennessee, sports facilities in various cities and new marketing campaigns to attract tourists to particular states — sometimes in direct competition with one another.
“Our goal is to get people traveling again. Period,” said Dave Lorenz, chairman of the National Council of State Tourism Directors and the Michigan travel director.
Despite high fuel prices, Americans do seem to be hitting the road. After a plunge at the onset of the COVID-19 outbreak, U.S. travel spending this year is projected to top $1 trillion — up 45% from its 2020 low point, according to the U.S. Travel Association.
That corresponds with a similar increase in state tourism office budgets, which have rebounded to pre-pandemic levels thanks to the federal aid.
A coronavirus relief law signed by former President Donald Trump opened the potential for federal money to be used for local tourism projects.
The subsequent pandemic relief law signed by President Joe Biden expanded that. The American Rescue Plan contained $750 million for grants for tourism, travel and outdoor recreation through the federal Economic Development Authority. It also included the tourism, travel and hospitality sector among dozens of eligible uses — alongside health care, housing and unemployment programs — for a $350 billion pool of flexible aid sent to state, local, territorial and tribal governments.
Those governments had budgeted more than $1.6 billion from those flexible funds for about 550 tourism, travel and hospitality projects as of the end of March, according to an Associated Press analysis of recently released data from the U.S. Treasury.
Those tourism projects include $425,000 in Portland to replace 200 trash cans with ones that have larger openings and harder-to-deface surfaces made of such things as metal slats or wire mesh. The city cited ″a substantial increase in the amount of trash, graffiti, and vandalism” during the pandemic, asserting that new garbage cans will “create a safer, more welcoming environment for visitors to our parks,” according to a description in the Treasury Department data.
Nashville, known for its country music scene, allotted $750,000 to reach “culturally diverse visitors.” That’s helping fund renovations at a once-prominent Black music venue, subsidize choir concerts at Fisk University and pay for an annual jazz and blues festival occurring in July, among other things.
The goal is to “build up the other genres without pushing country music down,” said Butch Spyridon, CEO of the Nashville Convention & Visitors Corp.
Of the tourism grants awarded through the Economic Development Authority, $510 million was divided among states and territories according to a formula that took into account job losses in their leisure and hospitality sectors. An additional $240 million was set aside for competitive grants, which are still being doled out.
One of those grants went to the Fort Independence Indian Reservation, a 220-member tribe that plans to add more than 60 jobs at its enlarged travel center.
“Part of tourism is getting from A to B, and one of the stops along the way is our reservation,” explained tribal vice chair Alisa Lee. “When we have been able to educate people about our community, our tribe and our culture, that is a form of tourism.”
Other competitive grants included $2.2 million to help replace old snowmaking equipment at Frost Fire Park ski resort in North Dakota, $1.6 million to help build a new Mardi Gras museum in Louisiana and $1.2 million to build locker rooms, concession facilities and a pavilion for a cross-country course at Middle Georgia State University.
University President Christopher Blake said in a statement that the project has the potential “to transform it into a recreational dynamo” that generates nearly $1 million a year in economic activity.
Several states also projected big returns on their federal tourism dollars, according to grant plans obtained by the AP through an open-records request.
Alabama plans to spend nearly $2.7 million to build three boat piers at reservoirs along the Coosa River. The state said regional fishing tournaments can lure $200,000 into an economy and national tournaments up to $1 million.
Oregon used a $9.1 million grant to help produce promotional videos and pictures of scenery that could be embedded into TV broadcasts of the World Athletics Championships that occurred this month in Eugene. The international broadcasts could yield between $224 million and $374 million in visitor spending and “spur economic development and opportunity for decades to come,” the Oregon Tourism Commission said in a grant plan submitted to federal officials.
Tourism projects generally seem like an appropriate use of the federal pandemic relief funds because the industry initially was one of the hardest hit, said Sean Moulton, a senior policy analyst at the nonprofit Project on Government Oversight.
But “as you give more flexibility,” Moulton said, “you run the risk of the money being used in ways that in retrospect you say that wasn’t the most effective.”
The city of Fort Worth, Texas, has directed $52 million of its flexible American Rescue Plan money for an expansion of its convention center. Of that, $40 million was categorized as tourism aid in a 2021 year-end report submitted to the Treasury Department.
The Treasury revised its rules in January to discourage big spending on convention centers and stadiums, stating that large capital expenditures to aid the travel and tourism industries are “not reasonably proportional to addressing the negative economic impacts of the pandemic.”
Fort Worth is moving ahead with the project anyway. The city reclassified the aid as a replacement for revenue lost during the pandemic — a category with the broadest flexibility under Treasury rules.
California got the largest tourism grant allocation, about $46 million. The state directed all of that — plus an additional $95 million of flexible federal pandemic aid — to its nonprofit tourism entity, which conducts national and international marketing.
Other states also have used the federal aid to try to draw visitors to their parks, shopping areas, restaurants and resorts.
While Michigan targets tourists in the neighboring Great Lakes region, Ohio is countering by expanding advertising into 11 new markets, including additional Michigan cities.
Missouri, meanwhile, is casting a broader net into the upper Midwest and the South. Thanks to a two-thirds increase in its tourism budget, Missouri is planning to expand advertising beyond its bordering states to reach potential travelers from Alabama, Louisiana, Minnesota, Mississippi, Ohio, South Dakota, Texas and Wisconsin.
“In order to stay competitive with the states that we consider competition, it was going to be important for us to up our game,” Missouri Tourism Director Stephen Foutes said. | https://localnews8.com/news/ap-national/2022/07/30/federal-tourism-aid-funds-gas-stations-trash-cans-jazz-2/ | 2022-07-30T18:42:49Z |
TOKYO (AP) — Japan’s Cabinet on Friday formally decided to hold a state funeral on Sept. 27 for assassinated former Prime Minister Shinzo Abe amid national debate over the plan, which some criticize as an attempt to glorify a divisive political figure.
Abe was gunned down earlier this month during a campaign speech in the western city of Nara, shocking a nation known for safety and strict gun control. The alleged gunman was arrested immediately after the shooting and is being detained for interrogation as authorities seek to formally press murder charges.
Chief Cabinet Secretary Hirokazu Matsuno said a state funeral is appropriate because of Abe’s “distinguished contributions” as the longest-serving Japanese leader and his “outstanding leadership and decisive actions” in broad areas including economic recovery, the promotion of diplomacy centered on the Japan-U.S. alliance, and reconstruction following the 2011 tsunami disaster.
Matsuno said the funeral will be a non-religious ceremony held at the Nippon Budokan, an arena originally built for the 1964 Tokyo Olympics that has since become a popular venue for sports, concerts and cultural events. The government also holds an annual memorial service on Aug. 15 marking Japan’s World War II defeat at the arena.
Foreign dignitaries will be invited to Abe’s state funeral, Matsuno said, though further details, including the estimated cost and number of attendees, are yet to be determined.
Prime Minister Fumio Kishida last week announced plans for a state funeral that some see as a move to stabilize his grip on power by pleasing ultra-conservatives who backed Abe, who led the biggest party wing.
The plan has received a mixed reaction from opposition leaders and the public. Some oppose the use of tax money on the event, while others criticize Kishida’s governing party for politicizing Abe’s death to glorify him and attempt to end debate over his highly divisive legacy, including his hawkish diplomatic and security policies and revisionist stance on wartime history.
On Thursday, a civil group opposing plans for Abe’s state funeral submitted an injunction request asking the Tokyo District Court to suspend the Cabinet decision and budget for the event, saying a state-sponsored funeral without Parliament approval violates the constitutional right to freedom of belief.
Dozens of protesters stood outside the Prime Minister’s Office on Friday to oppose the Cabinet decision. An opposition leader, Mizuho Fukushima, said the decision was not based on public consensus, has no legal basis and should be scrapped.
Abe’s private funeral was already held at a Tokyo temple and attended by about 1,000 mourners, including lawmakers, business leaders and others.
Abe’s assassination shed a light on his and his party’s decades-long questionable links to the Unification Church.
The alleged assassin, Tetsuya Yamagami, 41, has told police that he killed Abe because of his links to a religious group that he hated. His reported accounts and other evidence suggest he was distressed because his mother’s massive donations to the church had bankrupted the family. | https://cw33.com/news/international/ap-international/japan-cabinet-sets-abe-state-funeral-amid-mixed-public-view/ | 2022-07-22T14:26:22Z |
CAMERON — Services for Wesley Eugene Sawyer, 57, of Buckholts are pending with Marek-Burns-Laywell Funeral Home in Cameron.
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TAIPEI, June 16, 2022 /PRNewswire/ -- Global startup events resuming since the pandemic has come to an end. To lead Taiwan's startups to seize international market opportunities, Dr. Andrea Hsu, Director General, Department of Academia-Industry Collaboration and Science Park Affairs, the Ministry of Science and Technology (MOST), Taiwan led 18 startups participating London tech Week on June 13th – 14th, focusing on Smart Health, AI, IOT, and EdTech, to showcase Taiwan's innovations to the world.
The London Tech Week invited over a hundred global corporates to choose the top 8 startups to pitch on stage, the participants are from 12 countries, Taiwan startups has grasp the attention internationally, 6 Taiwan startups had been selected which is Avalanche Computing, Crypto Arsenal, FaceHeart, Lulupet, Numbers Protocol, and Giftpack, representating Taiwan to pitch on stage (International Delegation Pitches) to strive for investors and create international business opportunities on June 13th.
London Tech Week is Europe's largest technology exhibition, collaborating across government and private entities to discuss technology innovation policy, finance, and trends to provide a better future for people, society, and the economy. Taiwan's startups seek business collaboration and matchmaking events during the event. FaceHeart made the first business meeting appointment through the exhibitors' platform with Samsung and expects to have a specification discussion during the exhibition.
London is open and positive about investing in innovation and technology. Thus, it is an important stage for Taiwan's startups to strive for exposure in London Tech Week. This year, the MOST has chosen London as the first stop in the European exhibition. After London, MOST will be bringing 33 startups, to Viva Technology in France and Hub Berlin Germany, to engage with the French and the German technology startups ecosystem.
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SOURCE Taiwan tech arena | https://www.kxii.com/prnewswire/2022/06/16/six-taiwan-startups-ranked-top-global-startups-by-uk/ | 2022-06-16T21:13:40Z |
Tioga ISD moving to 4-day school week
Published: May. 17, 2022 at 9:29 PM CDT|Updated: 29 minutes ago
TIOGA, Texas (KXII) - Tioga ISD will be switching to a 4-day school week come next fall.
At Monday nights school board meeting, the proposal for the 2022-2023 calendar was approved.
Tioga ISD said this change would allow staff and students to rest and be in a less stressful environment, increase teacher and staff satisfaction in the work environment, as well as extra family time with longer weekends.
The school days will be 28 minutes longer.
Tioga ISD said no current staff member would lose any pay based on what they currently earn.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/05/18/tioga-isd-moving-4-day-school-week/ | 2022-05-18T03:00:27Z |
(NEXSTAR) – Maybe he’s not the sharpest tool in the box.
A traveler passing through a security checkpoint at Reagan National Airport in Virginia was cited for trying to bring 23 prohibited items — mostly knives — in his carry-on bag.
Officials with the Transportation Security Administration said the man was stopped on Wednesday, May 4, after an X-ray of his bag revealed the cache of weapons. Among them, TSA officers found nine disposable scalpels, eight folding-blade knives, three throwing knives, a dagger and a switchblade.
In addition to the knives, the TSA found a single pair of brass knuckles — an item which is also banned in carry-on luggage.
The Metropolitan Washington Airports Authority Police was called to the scene shortly after the discovery. Officers issued him a citation, the TSA said.
In a press release issued Thursday, the TSA noted that each one of the prohibited items — the blades and the brass knuckles — would have been permitted in a checked bag. When it comes to carry-on, however, the knives and knuckles are a big no-no.
A spokesperson for the TSA confirmed to Nexstar that the man abandoned the items at the checkpoint, rather than repack them in checked luggage. He was allowed to rebook his flight and continue to his destination.
“TSA would have had no issue had all 23 of these items been packed in a checked bag, but passengers certainly cannot carry these types of weapons into the cabin of an aircraft,” the TSA’s press release explains.
The agency further urged travelers to check with the TSA’s “What Can I Bring?” resource, to confirm which items they can — and cannot — pack in their luggage, carry-on or otherwise. | https://cw33.com/news/man-caught-at-tsa-checkpoint-with-23-weapons-in-carry-on/ | 2022-05-06T17:27:39Z |
LJUBJANA, Slovenia, Aug. 23, 2022 /PRNewswire/ -- After their initial success with PEMF (pulsed electromagnetic field) devices for human use through Omnipemf, the same team announces their first ever programmable and gesture-controlled PEMF pad for pets- the Petspemf Pad.
The whole body of the pet is an electrochemical organ and hence can be influenced by electromagnetic frequencies. PEMF technology products apply non-invasive frequencies into the pets' bodies, enhancing their natural corresponding frequencies.
What makes Petspemf Pad special?
Petspemf Pad is a high-quality product made from durable, anti-scratching materials. It has a waterproof inner cover and is gesture and app controlled. The three programs it has offer pain relief, stress relief, or accelerated healing to pets. This PEMF pad for pets is lightweight and has a rechargeable battery making it suitable for transporting. It can be used in the pets' beds, transporters, crates, etc.
25 scientific studies support the effectiveness of PEMF in aiding animals by using scientifically and clinically proven frequencies.
"Helping people with PEMF devices and hearing their positive experiences always comes with a nice feeling. We saw that many people use their devices on their beloved pets, so we decided to create a new product that fits the pets' needs specifically. That is how Petspemf was born" says Marko Kadunc the CEO of Petspemf.
Omnipemf started as one of the top 1% crowdfunding campaigns on Indiegogo, and now Petspemf is being launched the same way.
"It is amazing to see how many people responded positively to Petspemf even before we launched the product. This comes as no surprise though as more and more people consider their pets a part of their families which makes the veterinary care industry one of the fastest-growing segments in the pet product industry" adds Aleksandra Petrovska, the growth marketing manager of Petspemf.
About Petspemf
Petspemf is a brand of innovative PEMF devices for pets, available worldwide. Their devices aim to help thousands of pets day after day to calm down, live pain-free, heal faster and have a better quality of life overall. For more information, visit the Petspemf website.
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SOURCE MDCN TECH Ltd. | https://www.mysuncoast.com/prnewswire/2022/08/23/petspemf-launches-first-programmable-gesture-controlled-pemf-pad-pets/ | 2022-08-23T13:15:45Z |
COLOMBO, Sri Lanka (AP) — Thousands of students from state universities marched in Sri Lanka’s capital on Monday to demand the president and prime minister resign over an economic crisis that has caused severe shortages of essential supplies and disrupted people’s livelihoods and education.
The students say President Gotabaya Rajapaksa is responsible for the economic crisis, the worst since independence in 1948, and that Prime Minister Ranil Wickremesinghe, who took over the position a little more than a month ago promising to end shortages, has not delivered on his pledges.
Sri Lanka is nearly bankrupt and has suspended repayment of $7 billion in foreign debt due this year. It must also pay back more than $5 billion every year until 2026. Its foreign reserves are nearly gone and it is unable to import food, fuel, cooking gas and medicines. A lack of fuel to run power stations has resulted in long daily power cuts.
In recent months people have been forced to stand in long lines to buy fuel and gas, and the country has survived mostly on credit lines extended by neighboring India to buy fuel and other essentials.
With that credit also running out, authorities have shut schools and instructed teachers to teach online, and have asked non-essential government employees to work from home for one week to preserve limited stocks of fuel.
Officials from the International Monetary Fund are currently in Sri Lanka to discuss a bailout package.
Monthslong protests have nearly dismantled the Rajapaksa political dynasty that has ruled Sri Lanka for most of the past two decades.
One of Rajapaksa’s brothers resigned as prime minister last month, and two other brothers and a nephew quit their Cabinet posts earlier.
President Rajapaksa has admitted he did not take steps to forestall the economic collapse early enough, but has refused to leave office. It is nearly impossible to oust a president under the constitution unless he resigns on his own accord. | https://cw33.com/news/ap-top-headlines/sri-lankan-students-demand-government-resign-over-crisis/ | 2022-06-21T02:53:38Z |
MOSES LAKE, Wash., Aug. 23, 2022 /PRNewswire/ -- Mississippi Silicon LLC, a leading global producer of silicon metal, announced plans to work with REC Silicon to help establish a low-carbon and fully traceable U.S.-based solar supply chain. The companies have signed a memorandum of understanding (MOU) committing them to negotiate a raw material supply agreement.
Recent investment by the Hanwha Group into REC Silicon, in conjunction with Hanwha's subsidiary Qcells, moves REC to expand its relationship with Mississippi Silicon to support the development of an end-to-end U.S. solar supply chain from silicon metal and polysilicon to fully assembled solar modules. The plan follows the August 18 passage of the Solar Energy Manufacturing for America Act (SEMA) as part of the Inflation Reduction Act, expanding U.S. production of polysilicon and metallurgical grade silicon.
Mississippi Silicon is the first new silicon metal facility in North America in forty years. Located in the northeast corner of Mississippi State, the plant is strategically placed to take advantage of a growing domestic customer base, stable low-cost electricity, and a regional supply chain. This facility has the highest quality process and environmental controls available, which allows it to operate one of the most efficient and cleanest silicon meal plants in the world.
As a leading producer of high-purity electronics and solar grade polysilicon with assets in Moses Lake, Washington and Butte, Montana, REC is positioned to help lead the U.S. clean energy transition. The recent Hanwha investment will enable a re-start of the currently idle Moses Lake plant in 2023 and make available high volumes of cost competitive, high quality, and low-carbon solar grade polysilicon. REC shut down the Moses Lake plant in 2019 due to unfavorable global market conditions.
Eddie Boardwine, CEO of Mississippi Silicon, noted "Mississippi Silicon was founded nearly ten years ago to be a domestic source of high-quality silicon metal to the U.S. solar, electronics and chemical industries. We are pleased by the growing recognition of the importance of a strong end-to-end US supply chain for these materials. Passage of the SEMA Act is critical to bringing that supply chain to reality. We look forward to working with REC Silicon to strengthen our existing relationship and build out that vital supply chain."
"A robust solar energy industry in the U.S. is crucial to our national security and clean energy goals," said James A. May II, CEO of REC Silicon. "Now that SEMA has passed as part of a broad clean energy incentive package, the solar manufacturing industry is in a position to make long-term investments that create millions of new career opportunities in cities and towns across the country and accelerate the transition to clean energy."
For more information on REC and Mississippi Silicon, please visit www.recsilicon.com and www.missilicon.com/.
Media Contacts:
REC Silicon
Douglas J. Moore, Chief Financial Officer
Phone: 509-989-0749
Email: douglas.moore@recsilicon.com
Mississippi Silicon
Elizabeth Heaton
Phone: 202-445-9858
Email: elizabeth@EAHstrategiesLLC.com
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SOURCE Mississippi Silicon | https://www.wibw.com/prnewswire/2022/08/23/mississippi-silicon-rec-silicon-help-establish-low-carbon-fully-traceable-us-based-solar-supply-chain/ | 2022-08-23T10:32:46Z |
MOSCOW (AP) — Russia said Monday it may use an arrangement similar to that used for payments for its gas supplies to pay its dollar-denominated foreign debts.
The Vedomosti business daily quoted Finance Minister Anton Siluanov as saying that Russia will offer the holders of its Eurobond obligations to accept a payment system bypassing Western financial infrastructure.
Russia previously has offered the customers receiving its natural gas to establish an account in dollars or euros at Russia’s third-largest bank, Gazprombank, then a second account in rubles. The importer would pay the gas bill in euros or dollars and direct the bank to exchange the money for rubles.
The system was established on Russian President Vladimir Putin’s order and aims to avoid a risk of payments for gas being frozen as part of Western sanctions against Russia for its action in Ukraine.
Siluanov told Vedomosti that a mechanism similar to that will be set for Eurobond holders, who will be offered to open foreign currency and ruble accounts at a Russian bank.
“In payments for gas, we are credited with foreign currency and it’s converted into rubles,” Siluanov was quoted by Vedomosti as saying. “The Eurobond settlement mechanism will work in the same way, just in the other direction.”
He said payments will be made through Russia’s National Settlement Depository.
Asked about Siluanov’s comments, Kremlin spokesman Dmitry Peskov told reporters that “the practice of payments for gas has proven to be convenient for both the seller and the buyers, so why not to use it in the opposite form.”
On Wednesday, the U.S. Treasury Department led by Janet Yellen allowed a license that permitted Russia to keep paying its debtholders through American banks to expire. The license applied to American investors and international investors who have dollar-denominated debt or bonds.
Russia says it will pay dollar-denominated foreign debt in rubles, a move that is likely to be seen by foreign investors as a default.
The U.S. Treasury Department led by Janet Yellen allowed a license to expire Wednesday that permitted Russia to keep paying its debtholders through American banks. The license applied to American investors and international investors who have dollar-denominated debt or bonds.
Russia responded to the move by saying that it will pay in rubles and offer “the opportunity for subsequent conversion into the original currency,” and Siluanov spelled it out Monday by describing the proposed payment mechanism.
It’s not clear whether the Russian offer will be accepted by Eurobond holders, allowing Russia to avoid a default.
Russia has not defaulted on its international debts since the 1917 Bolshevik Revolution, when the Russian Empire collapsed and the Soviet Union was created. Russia defaulted on its domestic debts in the late 1990s during the Asian financial crisis, but was able to recover from that default with the help of international aid. | https://cw33.com/business/ap-business/russia-offers-foreign-debt-payment-system-similar-to-gas-one/ | 2022-05-31T07:57:43Z |
Initiative Will Grant Venmo Business Profile Users with Funds and Mentoring to Help Grow Their Business
SAN JOSE, Calif., July 28, 2022 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the Venmo Small Business Grant, a new program for emerging and small businesses that will provide financial grants and mentorship services to 20 new and existing Venmo Business Profile customers. Each of the 20 businesses selected will receive $10,000 that can go towards covering expenses, such as rent, or helping to digitize and promote their businesses.
According to a U.S. Bank study, 82% of businesses that failed cited cash flow problems as a factor in their failure.1 In addition to providing a financial grant, the Venmo Small Business Grant program will provide recipients with access to technical expertise and mentorship on topics such as legal services, financial analysis, digital marketing and more. These resources will be provided in partnership with PayPal community partners, Start Small, Think Big and Taproot Foundation, along with PayPal and Venmo employees who will provide mentoring, coaching and pro bono services.
"The last two years have been tremendously difficult for small businesses in communities across the United States, like your local dog walker, barber and florist. Nearly 200,000 U.S. businesses2 have been forced to close because of the pandemic," said Denise Leonhard, Vice President of Venmo. "Small businesses are vital to a healthy economy and thriving communities, and through the Venmo Small Business Grant we can provide much-needed funding and support to help them build resilience, grow and succeed."
Given PayPal's ongoing commitment to advancing racial equity and creating an inclusive economy, the selection process for Venmo Small Business Grants will include special consideration for underrepresented communities. This builds on PayPal's 2020 commitment of $535M developed to provide immediate financial relief, sustained support and long-term investment to expand economic opportunity and address the racial wealth gap for Black and underrepresented businesses and communities.
Since the launch of Venmo Business Profiles in February 2021, more than 1.5 million small businesses have created profiles to organize, market and grow their business cost effectively. Olive Atelier, a modern reused goods business, said that "Venmo enabled our business to start selling quickly and without friction, which was a major advantage for moving fast and gaining early customer response. We opened a business account and started receiving payments on the same day. Venmo also offers very business friendly rates and fee structures, so we are able to reinvest more profits into growing our brand."
To submit for the Venmo Small Business Grant, entrants must set up a Venmo Business Profile and complete an application by August 11, 2022. Recipients will be announced on September 2022 based on an evaluation from our judging committee. More details on the Venmo Small Business Grant and the application can be found on the program's landing page.
1 NFIB, Why Businesses Fail
2 Federal Reserve Study, Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering 429 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com.
Media Relations Contacts
Nikki Ziolo
Nziolo@paypal.com
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SOURCE PayPal Holdings, Inc. | https://www.kxii.com/prnewswire/2022/07/28/new-venmo-small-business-grant-program-support-emerging-small-businesses/ | 2022-07-28T16:04:09Z |
DALLAS, Aug. 29, 2022 /PRNewswire/ -- When it comes to gender equality, immigration powerhouse Berry Appleman & Leiden LLP (BAL) is once again named an industry leader by Law360 in its 2022 Glass Ceiling Report on Women in Law.
BAL ranks #2 among all law firms of its size, and bested all other firms in its class with the highest percentages of female partners (60.9%), female nonequity partners (71.4%), and other female attorneys (71%). The influential rankings once again lauded BAL as a "Ceiling Smasher" for its high percentage of female equity partners (44.4%).
BAL scored a robust 14.2 points above the industry benchmark, one of only three firms in its category to top the benchmark.
"BAL is an incredible place for women to succeed at every level," said Frieda Garcia, the firm's highest ranking female Partner. "I recognized BAL was different when I joined more than 20 years ago and was given leadership opportunities right away. Today, opportunities have grown and expanded even further for women throughout BAL, and it is my passion to help more working moms succeed in the corporate world and feel accomplished as parents."
While empowering women in the workplace, BAL also provides flexible work policies—from unlimited vacation time to hybrid work options—that enable employees to pursue their passions outside the office and balance family responsibilities.
"We put a lot of thought into our policies to make it possible for women to excel in their careers while pursuing meaningful endeavors in their lives and as leaders in their communities," says Chief Operating Office Leslie C. Rohrbacker. "At BAL, we pursue the exceptional in everything we do, and we thrive as a firm because of the passionate women who strive to make a positive impact on the world."
BAL, the world's leading corporate immigration law firms, is singularly focused on meeting the immigration challenges of corporate clients around the world in ways that make immigration more strategic and enable businesses to be more successful. Established in 1980, BAL has consistently provided immigration expertise, people-centered client services, and leading technology innovation. In 2018, BAL entered into a first-of-its-kind strategic alliance with Deloitte U.K. to create the world's first global immigration service delivery model.
BAL's proprietary Cobalt® digital immigration services platform won the 2020 CODiE Award for Best Legal Tech Product, the prestigious CIO100 award for Innovative Use of Intelligent Automation in Immigration Services, and Legalweek's Most Innovative Law Firm Operations Team of 2021. BAL and its leaders are highly ranked in every major legal publication, including Best Lawyers, Chambers and Partners, The Legal 500, and Who's Who Legal. BAL has ranked #1 on multiple industry rankings for diversity, equity and inclusion, including the #1 Law Firm for Women on the National Law Journal's Women in Law Scorecard the past four years in a row (2019-2022), #1 on the Diversity Scorecard by The American Lawyer (2020 and 2021), and #1 on Law360's Diversity Snapshot for three years running (2020-2022). In 2022, BAL won the "Best Company for Diversity," the "Best HR Team" and the "Best Company for Career Growth" by Comparably, based solely on employee ratings. See website for details: https://www.bal.com
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SOURCE Berry Appleman & Leiden LLP | https://www.kxii.com/prnewswire/2022/08/29/immigration-firm-bal-shatters-glass-ceiling-once-again-law360s-gender-rankings/ | 2022-08-29T14:30:39Z |
States, local communities, and Tribes will receive $3.7 billion for opioid epidemic recovery along with $1.2 billion worth of drugs used to treat overdoses
WASHINGTON, July 26, 2022 /PRNewswire/ -- Today, the National Prescription Opiate Litigation Plaintiffs' Executive Committee confirmed that they, alongside the working group of States' Attorneys General, counsel for Native American Tribes and plaintiffs' lawyers representing the States and local communities, have reached an agreement in principle with pharmaceutical manufacturer Teva on the primary financial terms of a nationwide opioid settlement. This agreement follows years of litigation naming Teva as a defendant responsible for fueling the opioid epidemic in America.
As part of the agreement to resolve these claims, Teva will pay approximately $3.7 billion, which includes approximately $650,000,000 in funds earmarked for already settled cases along with more than $3 billion in additional abatement funds, evenly spread over 13 years plus relevant legal fees and costs over six years. In addition, there will be approximately $100,000,000 for Native American Tribes. Teva will also offer the option of $1.2 billion worth of its generic version of the drug Narcan (naloxone hydrochloride nasal spray used to reverse an opioid overdose) over 10 years or, in lieu of the product, an agreed upon cash equivalent.
Statement from National Prescription Opiate Litigation MDL Plaintiffs' Executive Committee co-leads and negotiation team of: Jayne Conroy of Simmons Hanly Conroy; Paul T. Farrell Jr. of Farrell & Fuller Law LLC; Joe Rice of Motley Rice LLC; Russell Budd of Baron & Budd, P.C.; Elizabeth Cabraser of Lieff Cabraser Heimann & Bernstein, LLP; Paul Geller of Robbins Geller Rudman & Dowd LLP; Peter Mougey of Levin Papantonio Rafferty; Christopher Seeger of Seeger Weiss LLP; Hunter Shkolnik of Napoli Shkolnik PLLC; and Steven Skikos of Skikos, Crawford, Skikos & Joseph LLP:
"Today's development is a direct result of the years of hard work by community leaders, first responders, and the MDL litigation teams who have dedicated their efforts to gathering the resources necessary to battle the opioid epidemic across the country for years ahead. This latest step will provide additional long overdue support to those on the frontline in thousands of communities who will strongly benefit from the influx of financial and medical resources as they continue their life-saving work. While this settlement will resolve claims against a defendant accused of fueling this epidemic in multiple state and federal trials across the country, the agreement can only go into effect with the support of states, subdivisions, and Native American Tribes. We encourage all these groups to sign onto this agreement to allow these resources to get into the hands of those who need them as fast as possible. While this agreement is a vital step, we also recognize that this alone will not put an end to the opioid epidemic. We will continue to work to hold companies up and down the opioid supply chain accountable."
Announced today by Teva, this settlement is contingent upon finalization of terms between the working group and Teva. Once the documentation is finalized, the nationwide agreement will then need to be adopted by a sufficient number of states, subdivisions, and Native-American tribes in the United States to take effect. The parties expect that they will have the documentation for the nationwide settlement agreement finalized within the coming weeks, with the nationwide settlement sign-on process for states, subdivisions, and tribes to follow.
Similar to the provisions of the Global Settlement with drug distributors AmerisourceBergen, Cardinal Health, and McKesson, the settlement will distribute resources based on factors including population and proportionate share of the opioid epidemic impact as measured by overdose deaths and opioid use disorder diagnoses.
This settlement news comes as multidistrict federal litigation and state litigation continues in courtrooms around the country against other companies in the opioid supply chain. Current litigation includes the federal trial in Ohio that found CVS, Walgreens, and Walmart liable for fueling the opioid crisis in Lake County and Trumbull County, and now awaits the judge's determination of the value of the opioid epidemic abatement funds owed by pharmacy chains to these communities. Another trial in federal court in San Francisco against Walgreens is also awaiting a bench decision. Teva and Allergan were defendants in that trial until July 12, 2022 when the parties reached a $58M settlement agreement. The New York state trial is also anticipating an abatement trial date this fall following a jury finding in favor of the plaintiffs in December 2021. Teva and Anda are defendants in that case.
CONTACT: npol@sunshinesachs.com
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SOURCE National Prescription Opiate Litigation | https://www.mysuncoast.com/prnewswire/2022/07/26/teva-pay-over-4-billion-communities-pending-nationwide-opioid-settlement/ | 2022-07-27T00:01:46Z |
VANCOUVER, BC, May 18, 2022 /PRNewswire/ - Capella Minerals Ltd. (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) (the "Company" or "Capella") is pleased to provide the following update on ongoing exploration and development activities at the Company's 100%-owned Hessjøgruva, Kjøli, and Løkken copper-zinc-cobalt ("Cu-Zn-Co") projects in central Norway. The Company's immediate priority will be to bring its recently acquired Hessjøgruva project in to a Canadian National Instrument 43-101 ("NI 43-101") compliant mineral resource, in addition to driving the discovery of new mineral resources in the Hessjøgruva - Kjøli district (Figure 1).
At the Løkken project, a final field-based drill targeting program will be undertaken during June & July 2022 on the 5 areas identified as highest priority for new discovery. In parallel, permitting will be initiated for a maiden core drilling program to be initiated during H2, 2022.
- Capella's recently acquired Hessjøgruva Cu-Zn-Co project (see Company News Release dated April 6, 2022) contains a current mineral inventory (non NI 43-101 compliant mineral resource) of 3MT @ 1.7% Cu + 1.4% Zn1,2 (or 2.2% Cu3 equivalent). The Company's immediate priorities are to undertake the work required to declare an NI 43-101 compliant mineral resource estimate, followed by further infill / step-out drilling and the initiation of developed-related studies required for an initial scoping-level mining study or Preliminary Economic Assessment ("PEA").
- Capella has been granted new exploration claims in the Kongensgruve area, which lies immediately to the E of the Hessjøgruva asset (Figure 1). The Kongensgruve area contains potential for the discovery of new Cu-Zn-Co resources and was also the site of a historical mineral processing facility and tailings dam. Given Kongensgruve's proximity to both the Hessjøgruva and Kjøli projects, the area represents an ideal site for any potential future mineral processing facilities within a "hub and spoke" development configuration.
- At the Kjøli project, which is located 20km NE of Hessjøgruva, drill targeting has been completed and permits are in place for up to 4,000m / 25 holes of core drilling. Four target areas – Kjøli Deeps, the former Kjøli mine, Guldalsgruva, and Grønskard – have been prioritized for drill testing. An expected April initiation of the Company's maiden core drilling program at Kjøli has been temporarily postponed in order to accommodate a springtime migration of reindeer through the Kjøli area. The Company will keep the market informed with respect to a revised start date for the Kjøli drilling.
- At the Løkken Cu-Zn-Co project, final drillhole targeting on 5 priority target areas will be undertaken in June-July 2022 via a comprehensive soil (Ionic Leach) sampling program and reprocessing of geophysical (electromagnetic) data sets. Permitting for drilling will be undertaken in parallel, with the Company's maiden core drilling program currently expected to be undertaken during H2, 2022.
- All Norwegian Covid 19-related restrictions, which affected the Company's progress on the Kjøli and Løkken projects during 2021 and early-2022, have now been lifted and will allow the Company to expedite delivery on project milestones during H2, 2022.
Eric Roth, Capella's President and CEO, commented: "With the recent addition of the resource-stage Hessjøgruva project to Capella's portfolio, the Company is well placed for solid growth during H2, 2022 on its Norwegian portfolio of copper-zinc-cobalt assets. In addition to Hessjøgruva, the planned drill programs at both Kjøli and Løkken will increase the Company's exposure to new discoveries of the key metals required in both the transmission and storage of renewable energies. The advancement of the Hessjøgruva asset will also bring significant tangible benefits to both Hessjøgruva AS and local communities / government, all of which have been strongly supportive of our exploration activities at the nearby Kjøli project.
The elimination of all Covid 19-related restrictions in Norway has also meant that our field teams can now operate more freely than they did in either 2021 or early-2022.
In addition to our Norwegian activities, the Company expects JV partner Prospector Metals to commence a self-funded drill program at our Savant Lake project in Ontario during Q3, 2022. I look forward to keeping all stakeholders updated as the Company moves forward in 2022."
Capella announced the acquisition of a 100% interest in the resource-stage Hessjøgruva Cu-Zn-Co massive sulfide ("VMS") project on April 6, 2022. The Hessjøgruva project is located approximately 20km SW of the Company's 100% owned and drill-ready Kjøli Cu-Zn-Co project and has a current mineral inventory (non-Canadian National Instrument NI 43-101 compliant mineral resource) of 3MT @ 1.7% Cu + 1.4% Zn1,2 (or 2.2% Cu3 equivalent) based on a total of 12,139m / 68 holes of historic core drilling. The Company's immediate priorities at Hessjøgruva are to undertake the work required to declare an NI 43-101 compliant mineral resource estimate, followed by further infill / step-out drilling and the initiation of developed-related studies required for an initial Preliminary Economic Assessment ("PEA").
Figure 1. Locations of the Hessjøgruva and Kjøli Cu-Zn-Co projects, together with the Company's recently granted exploration claims in the Kongensgruve area.
Capella has also been granted new exploration claims in the Kongensgruve area, which lies immediately to the E of the Hessjøgruva asset (Figure 1). The Kongensgruve area contains potential for the discovery of new Cu-Zn-Co resources and was the site of a historical mineral processing facility and tailings dam. Given Kongensgruve's proximity to both the Hessjøgruva and Kjøli projects, the area represents an ideal site for any potential future mineral processing facilities within a "hub and spoke" development configuration.
At the nearby Kjøli project, drill targeting has been completed and permits are in place for up to 4,000m / 25 holes of core drilling. Four target areas – Kjøli Deeps, the former Kjøli mine, Guldalsgruva, and Grønskard – have been prioritized for drill testing. An expected April initiation of the Company's maiden core drilling program at Kjøli has been temporarily postponed in order to accommodate a springtime migration of reindeer through the Kjøli area. The Company will keep the market informed with respect to a revised start date for drilling at Kjøli.
At the Løkken Cu-Zn-Co project, work plans have been submitted to local authorities for final drillhole targeting on 5 priority areas - Amot, Hoydal, Grefstofjellet, Dragset, and Western Area (Figure 2) – during June & July 2022. These five target areas were prioritized on the basis of results derived from the 2021 Summer field season (in which 24 satellite bodies to the main Løkken mine were field evaluated) together with the incorporation of historical geophysical and geological data. The final drill targeting work program is expected to commence in early-June, and will consist of i) a comprehensive soil sampling program (Ionic Leach geochemistry) over the main target areas, and ii) inversion of electromagnetic data to determine depths to conductive bodies (which are interpreted to be massive sulfide deposits of economic interest).
Figure 2. Priority targets defined for final drill targeting at the Løkken Project.
Permitting for the drill testing of priority targets will also be undertaken in parallel, with specific drill collar locations to be finalized as soon as the geochemical results have been received and reviewed. The Company currently expects a maiden core drilling program at Løkken to be initiated during H2, 2022.
In accordance with Section 2.4 of National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"), an issuer may disclose an historical estimate, using the original terminology, if the disclosure identifies the following:
Source and date of the historical estimate, including any existing technical reports
- Information relating to this historical estimate is summarized from a 2007 technical report prepared for the Geological Survey of Norway ("NGU") by Terje Bjerkgård ("Report 2007.023: The Hersjø ore deposit, evaluation of ore potential").
Relevance and reliability of the historical estimate:
- The historical estimate for Hessjøgruva was derived from drilling undertaken by three mining companies - Røros Kobberverk AS, AS Sydvaranger, and Killingdal Grubelskap AS - up until 1977. Whilst Capella does not consider the historical estimate to have been completed in accordance with current NI 43-101 standards, it is considered relevant to reporting on the project.
Key assumptions, parameters and methods used to prepare the historical estimate:
- Original (pre-1977) technical reports relating to the calculation of the historical estimate and outlining the assumptions / parameters used have not been sighted by Capella.
Resource category used:
- As the historical estimate is not believed to have been completed in accordance with current NI 43-101 standards, Capella utilizes the terminology "mineral inventory" rather than either mineral resources or mineral reserves to classify the known mineralization.
More recent estimates or data available to the issuer:
- No more recent estimates are currently available to the issuer. A study completed during 2016 (Geometric and Qualimetric Modeling of the Hessjø deposit; Nørsett, S.J.; NTNU M.Sc. Thesis) confirmed most aspects of the geometry of the Cu-Zn-Co mineralization and distribution of Cu-Zn-Co grades as utilized in the historical estimate.
Work needed to be done to upgrade or verify the historical estimate as current mineral resources or mineral reserves:
- An independent Qualified Person ("QP") has not yet done sufficient work to review the historical data and historical estimate to determine what further work would be required to prepare a technical report in accordance with NI 43-101. Capella is in the process of engaging a QP with suitable experience in the deposit style being evaluated in order to prepare a technical report in accordance with NI 43-101.
Capella is not treating the historical estimate as current mineral resources or reserves. At this time, a Qualified Person has not done sufficient work on behalf of Capella to classify this historical estimate as current mineral resources or reserves. Investors should not rely on the historical estimate as a current mineral resource estimate until it has been verified and supported in a technical report in accordance with NI 43-101.
The technical information in this news release relating to the Hessjøgruva, Kjøli and Løkken projects has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101, and approved by Eric Roth, the Company's President & CEO, a Director, and a Qualified Person under NI 43-101. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has 30 years of experience in international minerals exploration and mining project evaluation.
On Behalf of the Board of Capella Minerals Ltd.
"Eric Roth"
__________________________
Eric Roth, Ph.D., FAusIMM
President & CEO
Capella is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and copper(-zinc-cobalt) deposits. The Company's copper(-zinc-cobalt) focus is currently on i) the advancement of the recently-acquired, resource-stage Hessjøgruva copper-zinc-cobalt project in central Norway and ii) the discovery of high-grade VMS-type deposits within 100%-owned, district-scale land positions around the past-producing Løkken and Kjøli copper mines.
The Company's precious metals focus is on the discovery of high-grade gold deposits on the Katajavaara-Aakenus JV in Finland, its 100%-owned Southern Gold Line Project in Sweden, and its active Canadian Joint Ventures with Prospector Metals Corp (TSXV: PPP) at Savant Lake (Ontario) and Yamana Gold Inc. at Domain (Manitoba). The Company also retains a residual interest (subject to an option to purchase agreement with Austral Gold Ltd) in the Sierra Blanca gold-silver divestiture in Santa Cruz, Argentina.
This news release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of Capella, including the timing, completion of and results from the exploration and drill programs described in this release. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct. All such forward-looking information is based on certain assumptions and analyses made by Capella in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. This information, however, is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Important factors that could cause actual results to differ from this forward-looking information include those described under the heading "Risks and Uncertainties" in Capella's most recently filed MD&A. Capella does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Capella Minerals Limited | https://www.mysuncoast.com/prnewswire/2022/05/18/capella-provides-exploration-update-its-norwegian-copper-cobalt-projects/ | 2022-05-18T13:31:38Z |
BERLIN (AP) — German business confidence has fallen more than expected this month, hitting a two-year low amid worries about higher energy prices and the prospect of a possible natural gas shortage, a closely watched survey showed Monday.
The Ifo institute said its monthly confidence index, a leading indicator for Europe’s biggest economy, dropped to 88.6 points in July from 92.2 last month. It was the second consecutive fall and took the index to its lowest level since June 2020. Economists had predicted a drop to 90.1.
The decline was led by a drop in companies’ outlook for the next six months, but they also were less satisfied with their current situation.
“Companies are expecting business to become much more difficult in the coming months,” Ifo said in a statement. “Higher energy prices and the threat of a gas shortage are weighing on the economy. Germany is on the cusp of a recession.”
Natural gas deliveries through the Nord Stream 1 pipeline from Russia to Germany resumed as scheduled last week after a 10-day shutdown for maintenance — but still at only 40% of full capacity, as they had been since mid-June. The outlook for future deliveries from Russia, which recently has accounted for around a third of Germany’s gas supply, is uncertain.
The German government announced that it would step up its gas storage requirements and take further measures to save gas used to power industry, generate electricity and heat homes in the winter.
And on Friday, it announced a bailout package for energy supplier Uniper, in which it will take a 30% stake. One result will be higher prices for customers, whose effects officials vowed to cushion.
The Ifo survey is based on responses from about 9,000 businesses across various business sectors. | https://cw33.com/business/ap-business/german-business-confidence-at-2-year-low-amid-energy-worries/ | 2022-07-25T10:47:34Z |
Versatile medical and voluntary benefits, in addition to compensation, are helping employers retain and attract talent
ROLLING MEADOWS, Ill., Aug. 2, 2022 /PRNewswire/ -- With nearly half of the 4,000+ U.S. employers surveyed experiencing turnover of 15% or more in 2021, retention and attraction are top priorities — and the tool employers are using to address this issue: flexible total rewards. Gallagher's 2022 U.S. Physical & Emotional Wellbeing Report found that while 78% of employers are increasing salary budgets, up 6 percentage points from last year, they're also recognizing the importance of changing benefits to appeal to a diverse workforce. In fact, the survey found that more than two in five organizations (42%) now offer medical coverage to domestic partners and about half as many (24%) extend this benefit to part-time employees.
"Attracting employees in even the best of times can be challenging. But in today's complex environment, employers who leverage an array of benefits that appeal to a diverse workforce are better positioned to attract the right person for the right job — and keep them," said William F. Ziebell, CEO of Gallagher's Benefits & HR Consulting Division. "A one-size fits all total rewards package is no longer an option. Organizations need to offer competitive compensation and benefits that work for multigenerational employees and match their specific lifestyle requirements."
Traditional Benefits Align with Preferences that Strengthen Cultural Inclusivity
To meet the diversity of their employees' needs, more employers are expanding health benefit offerings.
- Nearly half of employers (46%) now cover infertility services or fertility treatments.
- Fertility medications are the most common (77%), followed by a reproductive endocrinologist or infertility specialist evaluation (69%). Less popular benefits include surgery or intrauterine insemination (43% each) or cryopreservation (23%), which is the process of freezing eggs, sperm or embryos.
- Applied behavior analysis, a type of interpersonal therapy where a child works one-on-one with a practitioner, is the top elective service employers offered in 2022 (55%), up 4 points compared to the previous year. This indicates an increased awareness of the need for stronger mental health and emotional wellbeing support for employees and dependents.
- Autism spectrum disorder treatment is covered by 45% of employers, up 3 points from 2021.
- Bariatric surgery (49%) is up 2 points from the prior year.
- Gender reassignment surgery (25%) and transgender-inclusive benefits other than surgery (22%) each registered an uptick of 2 points.
- Gene therapy services (14%) gained 4 points.
A larger choice of health plans gives employees an opportunity to find a better match for their unique coverage criteria.
- Among the 77% of employers that offer more than one plan, most provide two (35%) while the rest expand the selection to three (26%) or at least four (16%).
- Preferred provider organization/point of service plans are the most frequently offered (83%). However, the number of employers that pair a consumer-directed health plan (CDHP) with a health savings account (HSA) continues to rise, now 51%, an increase of 5 points from 2021.
- A CDHP+HSA is also slowly growing annually as the top choice from an enrollment perspective, up 4 points since 2020. Individual plans usually have a deductible of $2,800 with an out-of-pocket maximum of $4,350. For family plans, the median deductible is $5,400 with an out-of-pocket maximum of $8,000. Typical annual employer contributions to the HSA are $500–$599 for individual plans (23%) and at least $2,000 for family plans (22%).
Competitive pressures in the labor market have caused employers to hesitate when considering plan design changes that pass along cost increases to employees.
- Half of employers (50%) refrained from making any employee cost-sharing increases in 2022, which is slightly higher than each of the preceding three years.
- Among those increasing employee costs, health plan premiums were the most common target (44%), outpacing deductibles (13%) and out-of-pocket maximums (11%).
- The median health plan premium increase was 4%-4.9% at the most recent renewal. However, a notable 25% reported increases of less than 1%. Eighteen percent (18%) had premium increases of 10% or higher.
Voluntary Benefits Also Address Employees' Diverse Needs
A quarter of employers enhanced the voluntary or supplemental aspects of total rewards to boost recruitment and retention objectives.
- Accident (67%) and critical illness (61%) insurance consistently rank as top options. Meanwhile nearly half of employers provide permanent life (46%), hospital indemnity (45%) or cancer care (43%) insurance.
- Employee perks or discount programs are offered by 44% of organizations, legal services by 37%, identity theft protection by 35% and employee purchase programs by 29%.
- Looking ahead to 2024, traditional healthcare options such as critical illness (16%), long-term care (16%) and hospital indemnity (14%) coverage are slated for additional investment. Thirty-one percent (31%) plan to add pet insurance, a decision that reflects not only increased veterinary care costs but also the importance of pets to their owners.
"The cumulative changes of the past two years, compounded by current concerns around inflation, continue to take a toll on employees' physical and emotional wellbeing," said Ziebell. "Our findings confirm that organizations are evolving their approach to traditional and voluntary benefits to ensure that they strongly support the health needs of their employees. This also helps optimize employee's engagement and performance, maximizes retention and provides organizations with a competitive advantage."
Gallagher's 2022 U.S. Physical & Emotional Wellbeing Report is part of the Workplace Trends Report Series. It's based on data from the 2022 Benefits Strategy & Benchmarking Survey, collected from more than 4,000 employers in the U.S. across a wide variety of industries from December 2021 to March 2022.The report can be found here.
ABOUT GALLAGHER
Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
Contact:
Mary Schwartz, Gallagher
847.378.5893
mary_schwartz@ajg.com
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SOURCE Gallagher | https://www.mysuncoast.com/prnewswire/2022/08/02/gallagher-report-reveals-that-us-employers-are-offering-flexible-benefits-capture-interest-diverse-workforce/ | 2022-08-02T14:22:18Z |
NOVI, Mich., June 7, 2022 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced that Jon DeGaynor, president and chief executive officer, and Matt Horvath, chief financial officer, will participate in the Deutsche Bank Global Auto Industry Conference with a presentation at 1:35 p.m. ET on Thursday, June 16, 2022. Details on how to join the presentation via webcast will be posted to the "Investors/Webcasts & Presentations" section of the Company's website (www.stoneridge.com) prior to the presentation.
About Stoneridge, Inc.
Stoneridge, Inc., headquartered in Novi, Michigan, is a global designer and manufacturer of highly engineered electrical and electronic components, modules and systems for the automotive, commercial, off-highway and agricultural vehicle markets. Additional information about Stoneridge can be found at www.stoneridge.com.
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SOURCE Stoneridge, Inc. | https://www.wibw.com/prnewswire/2022/06/07/stoneridge-present-deutsche-bank-global-auto-industry-conference/ | 2022-06-07T21:48:14Z |
Elvis Presley, right, and Priscilla Presley are pictured on their wedding day in 1967. Priscilla Presley is remembering her late husband on the 45th anniversary of his death.
Priscilla Presley is remembering her late husband Elvis Presley on the 45th anniversary of his death.
Presley, who was married to the king of rock and roll, spoke to "Today" about her memories and time with him. Elvis died of a heart attack on Aug. 16, 1977, at his Graceland home in Memphis. He was 42.
"Oh my gosh," she said, "It's a big week that's for sure."
She added, "Anything he wanted to do or wished to do as far as in life, I want to try to get that to happen. It's a big responsibility."
Presley was joined by over 30,000 fans for a candlelight vigil on Monday.
To see the amount of people that still come to see Elvis is unbelievable," she said of the event.
Presley also weighed in on "Elvis," the Baz Luhrmann-directed movie based on his life.
"I mean what a great movie," she said, "Baz Luhrmann I have to say is a genius, I don't know anyone else who could've done this movie like he did."
"I lived Elvis trying to explain that he didn't want to do the movies with all the girls and the beaches and everything, that he really wanted to do serious things so living that with him and then watching the movie brought back a lot of memories," she said of the movie.
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accounts, the history behind an article. | https://www.albanyherald.com/entertainment/priscilla-presley-remembers-elvis-on-the-45th-anniversary-of-his-death/article_becb1edf-7cdd-5ba0-aa17-232a6c0ca69c.html | 2022-08-17T17:38:33Z |
NEW YORK, July 5, 2022 /PRNewswire/ -- Global skilled business support services firm Williams Lea announces the appointment of Richard Hanks as Global Chief Financial Officer. Mr. Hanks has more than 20 years of experience in financial leadership roles and a proven track record for building high-performance teams and driving business transformation and growth. He will oversee Williams Lea's global finance function and will report to the company's CEO, Clare Hart.
Mr. Hanks comes to Williams Lea from Clarivate PLC a global company providing insights and analytics to accelerate the pace of company innovation. While at Clarivate, Hanks led the carveout from Thomson Reuters Legal, optimized financial leadership and led the company's 2019 Initial Public Offering.
Prior to that, Hanks served as CFO for BDP International and Infogroup and was formerly Chief Commercial Officer for Dow Jones. He is a Chartered Accountant and holds a B.A. (with Honors) in Industrial Economics from Nottingham University Business School.
"Richard's broad and global financial experience coupled with his proven track record leading innovative companies will be extremely valuable to Williams Lea as we work to deliver our transformation and growth objectives and help our clients support more digital operations and a more virtual workforce," said Hart.
She added, "Having worked with Richard at Dow Jones and Infogroup, I am very pleased he is joining Williams Lea and I look forward to his input and leadership as a member of our Executive Committee."
Of his new appointment, Hanks said, "I am excited to be joining Williams Lea at a pivotal time of their growth and evolution. I look forward to working with the team to create lasting value for Williams Lea's clients, employees and investors."
About Williams Lea
Williams Lea is the global provider of skilled business-critical support services to financial, legal and professional services firms, connecting people, processes and technology to streamline key business and administrative functions and helping companies adapt to a more virtual and digital workplace.
Built on a strong heritage, great client relationships and a talented team, Williams Lea is the trusted global outsourcing provider to clients in highly regulated environments.
Williams Lea serves clients in 20 countries across four continents and has 5,500 employees worldwide. Williams Lea is backed by Advent International, one of the largest and most experienced global private equity investors.
For more information, please visit www.williamslea.com.
Contact: Jennifer Materkoski
Director, Communications
304-559-9491
jennifer.materkoski@williamslea.com
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SOURCE Williams Lea | https://www.mysuncoast.com/prnewswire/2022/07/05/williams-lea-appoints-richard-hanks-chief-financial-officer/ | 2022-07-05T13:38:52Z |
WESTWOOD, Mass., July 25, 2022 /PRNewswire/ -- Heritage Financial Services, an independent wealth management firm focused on providing personalized financial advice and experienced investment management to affluent families is excited to announce the opening of a new office in Rockland, MA.
With existing offices in Westwood, MA and Woburn, MA, the Rockland office is the firm's third location in and around the Greater Boston area.
"Over the past few years Heritage Financial has experienced record growth in number of clients, assets under management, and employees. This expansion of our footprint is a logical next step for the future growth of the firm," said Chuck Bean, CEO. "We've been looking to expand our physical presence to neighborhoods south of the city of Boston for some time now and are thrilled the time has finally come. We look forward to servicing our clients and meeting with prospective clients in and around the south shore of Boston from our new office space."
Heritage Financial Services is an independent wealth management firm with over $2 billion in assets under management. Heritage works closely with affluent families by coordinating and managing all aspects of their wealth, retirement, and financial security. Driven by core values of teamwork, integrity, and excellence, the team builds lifelong relationships with clients and their other trusted advisors to help simplify, organize, and instill confidence in their often-complex financial lives.
Media Contact:
HFSMedia@heritagefinancial.net
Phone: 781-619-1349
www.heritagefinancial.net
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SOURCE Heritage Financial Services | https://www.mysuncoast.com/prnewswire/2022/07/25/heritage-financial-opens-office-rockland-ma/ | 2022-07-25T11:04:51Z |
TEMPE, Ariz. , May 24, 2022 /PRNewswire/ -- Palomar College is launching a new suite of student success products to enable students to better achieve their goals through a unified user experience.
Through a partnership with HighPoint Technology Solutions, more than 24,000 students at Palomar will have access to HighPoint Campus Experience, Degree Planner, Schedule Builder, Advising Relationship Management, Course Auditor, and Message Center. These real-time, fully integrated tools will upgrade Palomar's existing student information system allowing students to communicate, plan and collaborate with staff and faculty.
- HighPoint Campus Experience is a modern user interface to PeopleSoft Campus Solutions, leveraging design-thinking principles to promote better outcomes for students.
- Degree Planner leverages existing degree audit data in PeopleSoft to deliver an automated sequencing of courses that helps students and counselors find an optimal path to graduation.
- Schedule Builder provides students with an intuitive interface to build an ideal real time class schedule.
- Advising Relationship Management allows counselors to see a 360-degree view of their students to provide efficient counseling.
- Course Auditor will enable institutions to track and adjust courses that students enroll in that are not Title IV compliant.
- Message Center is a FERPA-compliant platform that provides trackable communication with students.
Founded in 1946, Palomar College is a public, two-year community college located in San Marcos, California, approximately 30 miles north of San Diego. Students may choose from over 150 associate degree and certificate programs, complete the first two years of a bachelor's degree, train for a career, or enjoy lifelong learning.
Dr. Vikash Lakhani, Assistant Superintendent/Vice President for Student Services at Palomar, says, "The user experience of our PeopleSoft Student Center wasn't providing the modern sophistication that our students have come to expect. We were looking for a solution that allows students and staff to conduct multiple tasks from enrollment, schedule & degree planning, financial aid, advising and communication while using one modern, singular platform. HighPoint delivers this by providing the uniform student experience that today's student demands. We anticipate that implementing these tools will greatly enhance the user experience and contribute towards our students' enrollment and success."
"We are thrilled to have Palomar College join our growing family of partners in the California Community College system," says George Amalor, Founder and CEO of HighPoint. "Palomar's leadership saw the need to make a bold change in the technology services it was providing to its students. By investing in technology that provides immediate help to students, staff, and faculty, we anticipate a tremendous increase in student collaboration and interactions with staff and faculty in degree planning, advising, and financial aid. Students will have an easier and more intuitive way to conduct the business of being a student. We look forward to working with Palomar for many years to come."
About HighPoint: HighPoint has partnered with close to 160 PeopleSoft institutions, and with over 350 products licensed, they are the leaders in student success solutions for PeopleSoft institutions. The company believes in helping institutions get more out of their Oracle investments through better outcomes, faster deployments, and compelling user experiences. HighPoint products include a broad array of solutions for Advising, Class Scheduling, Degree Planning, Messaging, Student Experience, and Messaging needs.
Related Links
https://www.mhighpoint.com
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SOURCE HighPoint Technology Solutions | https://www.wibw.com/prnewswire/2022/05/25/palomar-college-highpoint-technology-solutions-announce-partnership-student-success-suite/ | 2022-05-25T08:07:16Z |
NEW YORK, Sept. 8, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in LifeStance Health Group, Inc. ("LifeStance" or the "Company") (NASDAQ: LFST) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of LifeStance investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all purchasers of LifeStance common stock pursuant and/or traceable to the documents issued in connection with LifeStance's June 10, 2021 initial public stock offering. Follow the link below to get more information and be contacted by a member of our team:
LFST investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) the number of virtual visits clients were undertaking utilizing LifeStance Health was decreasing as the COVID-19 lockdowns were being lifted, thereby flatlining LifeStance Health's out-patient/virtual revenue growth; (ii) the percentage of in-person visits clients were undertaking utilizing LifeStance Health was increasing as the COVID-19 lockdowns were being lifted, thereby causing LifeStance Health's operating expenses to increase substantially; (iii) LifeStance Health had lost a large number of physicians due to burn-out and, as a result, its physician retention rate had fallen significantly below the 87% highlighted in the initial public offering's registration statement, and LifeStance Health had been expending additional costs to onboard new physicians who were less productive than the outgoing physicians they were replacing; and (iv) as a result, LifeStance Health's business metrics and financial prospects were not as strong as the initial public offering's registration statement represented.
WHAT'S NEXT? If you suffered a loss in LifeStance during the relevant time frame, you have until October 11, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.kxii.com/prnewswire/2022/09/08/lfst-lawsuit-alert-levi-amp-korsinsky-notifies-lifestance-health-group-inc-investors-class-action-lawsuit-upcoming-deadline/ | 2022-09-08T10:41:28Z |
Prestigious recognition for outstanding professional achievement in the formation of a successful enterprise awarded to Booth School of Business Alumni
RESEARCH TRIANGLE PARK, N.C., June 3, 2022 /PRNewswire/ -- Asklepios BioPharmaceutical, Inc. (AskBio), an independently operated subsidiary of Bayer AG, today announced that CEO and Co-Founder Sheila Mikhail was recognized by the University of Chicago Booth School of Business for outstanding professional achievement among its alumni. As a 1993 finance MBA graduate with honors, Ms. Mikhail has been recognized with the 2022 Entrepreneurial Award.
"This award is tremendously meaningful as the Booth School of Business is one of the nation's top ranked business schools," said AskBio Co-Founder and CEO Sheila Mikhail. "The award is a reflection of the accomplishments that could not be possible without the support of a world-class team at AskBio as we continue to advance our research, clinical candidates and manufacturing capabilities."
Ms. Mikhail earned a JD with honors from Northwestern University, a finance MBA with honors from the University of Chicago, and a BS with highest honors from the University of Illinois at Urbana-Champaign. She co-founded AskBio in 2001 with Dr. R. Jude Samulski, who is considered one of the leading pioneers for AAV gene therapy technology. Since co-founding AskBio, and under the leadership of Ms. Mikhail, the company, including its manufacturing facilities, has grown to employ over 700 biotech professionals operating in five countries.
Eighteen months after closing a series A funding round of $235 million in April 2019, Ms. Mikhail orchestrated a $4 billion acquisition by Bayer AG in October 2020. Under Ms. Mikhail's leadership, AskBio is flourishing with an expansive gene therapy technology toolbox, three state-of-the-art manufacturing facilities in San Sebastian Spain and a robust therapeutic pipeline, all at various clinical stages, to treat Pompe Disease, Limbe Girdle Muscular Dystrophy, Multiple System Atrophy, Congestive Heart Failure, Huntington's Disease, and Parkinson's Disease.
"In my view, Sheila is one of the most accomplished Biotech executives in the industry," commented Dr. Samulski, AskBio's Co-Founder and Chief Scientific Officer. "The recognition by University of Chicago Booth School of Business is a testament of her unparalleled business acumen combined with her significant command of genetic science"
The Distinguished Alumni awards are only available to graduates of Chicago Booth. The Entrepreneurial Award is given to a person who has demonstrated professional achievement of the highest caliber in the management and formation of a successful enterprise and is recognition by colleagues and peers for outstanding leadership and administrative abilities.
Asklepios BioPharmaceutical, Inc. (AskBio), a wholly owned and independently operated subsidiary of Bayer AG acquired in 2020, is a fully integrated gene therapy company dedicated to developing life-saving medicines that cure genetic diseases. The company maintains a portfolio of clinical programs across a range of neuromuscular, central nervous system, cardiovascular and metabolic disease indications with a clinical-stage pipeline that includes therapeutics for Pompe disease, Parkinson's disease, and congestive heart failure. AskBio's gene therapy platform includes Pro10™, an industry-leading proprietary cell line manufacturing process, and an extensive capsid and promoter library. With global headquarters in Research Triangle Park, North Carolina, and European headquarters in Edinburgh, UK, the company has generated hundreds of proprietary capsids and promoters, several of which have entered clinical testing. Founded in 2001 and an early innovator in the gene therapy field, the company holds more than 750 patents in areas such as AAV production and chimeric and self-complementary capsids. Learn more at www.askbio.com or follow us on LinkedIn.
Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to help people and the planet thrive by supporting efforts to master the major challenges presented by a growing and aging global population. Bayer is committed to driving sustainable development and generating a positive impact with its businesses. At the same time, the Group aims to increase its earning power and create value through innovation and growth. The Bayer brand stands for trust, reliability, and quality throughout the world. In fiscal 2021, the Group employed around 100,000 people and had sales of 44.1 billion euros. R&D expenses before special items amounted to 5.3 billion euros. For more information, visit www.bayer.com.
This press release contains "forward-looking statements." Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Words such as "believes," "anticipates," "plans," "expects," "will," "intends," "potential," "possible" and similar expressions are intended to identify forward-looking statements. These forward-looking statements include without limitation statements regarding AskBio's pipeline of development candidates, manufacturing technology and process. These forward-looking statements involve risks and uncertainties, many of which are beyond AskBio's control. Known risks include, among others: AskBio may not be able to execute on its business plans and goals, including meeting its expected or planned regulatory milestones and timelines, its reliance on third-parties, clinical development plans, manufacturing processes and plans, and bringing its product candidates to market, due to a variety of reasons, including the ongoing COVID-19 pandemic, possible limitations of company financial and other resources, manufacturing limitations that may not be anticipated or resolved in a timely manner, potential disagreements or other issues with our third-party collaborators and partners, and regulatory, court or agency feedback or decisions, such as feedback and decisions from the United States Food and Drug Administration or the United States Patent and Trademark Office. Any of the foregoing risks could materially and adversely affect AskBio's business and results of operations. You should not place undue reliance on the forward-looking statements contained in this press release. AskBio does not undertake any obligation to publicly update its forward-looking statements based on events or circumstances after the date hereof.
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SOURCE AskBio | https://www.wibw.com/prnewswire/2022/06/03/askbio-ceo-co-founder-sheila-mikhail-receives-2022-entrepreneurial-award-university-chicago-booth-school-business/ | 2022-06-03T15:21:34Z |
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