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NEW YORK, July 26, 2022 /PRNewswire/ -- ARTBnk, a leading source of valuation, financial performance, and liquidity data on the global art market, completed the sale of its first fractional ownership of art using iownit's blockchain platform.
The completed offering Günther Förg's Ohne Titel at USD $950,000.00, shares were sold in a private placement, priced at USD $500 per unit with a minimum investment of USD $5,000. The companies anticipate the launch of numerous additional offerings in the coming year.
"Fractionalization is the natural next step in our mission to make the art market more accessible and transparent." said ARTBnk CEO Jamie Lafleur. ARTBnk's technology allows anyone, regardless of experience, to determine the fair market value of a piece of art. Our fractionalization of offerings provides an avenue to participate in the market, owning part of a museum-quality work.
iownit, a fintech firm that provides financial and operational infrastructure for private markets, facilitated ArtBnk's inaugural fractional offering. iownit's infrastructure allows investors to diversify their portfolios by accessing alternative investments, such as art and collectibles, while providing a modern, easy to use investor experience. Investors can build a curated portfolio of iconic paintings with transparency and traceability enabled by blockchain technology.
"As the demand for alternative investment continues to grow, digitizing the investing process is an important step towards achieving democratization and diversification in alternatives. The platform enables investors to access bespoke securities, like art & collectibles, at lower minimums due to the operational efficiencies gained by the application of blockchain technology." said Hamid Gayibov, CBDO, and Co-founder of iownit.
ARTBnk's financial tools make it possible to manage art as a financial asset – a disruptive service to the traditional approach to art investing. ARTBnk's team combines more than 200 years of entrepreneurial experience in Wall Street, technology, global financial markets, and art markets, making it uniquely qualified to be a pioneer in fractionalization.
ARTBnk and iownit's fractionalization offerings meet the present need for easier access to alternatives and have tremendous potential for the future. Fractionalization is a powerful and useful diversifier, providing fine art exposure to investment portfolios.
About ARTBnk
Founded in 2017, ARTBnk's mission is to provide transparency to those who collect, deal in, finance, and insure art. The first and only service to provide a standard benchmark to determine the legitimacy of valuation in the art world, ARTBnk uses an AI-driven platform supported by a fully normalized proprietary database to deliver accurate, unbiased, and trustworthy valuations. These fair market valuations are a critical tool for those who view art as an alternative financial asset class and serve as the foundation for ARTBnk indices along with other financial art performance indicators. In addition to data services, ARTBnk offers solutions and tools for the wealth management, insurance, lending, and finance communities, as well as apps designed for art professionals and collectors. See more at: https://www.artbnk.com
Our purpose is to unblock the potential and possibilities of the alternative investment marketplace for investors through innovation, technology, and market expertise. Driven by our vision to create a modern financial operating infrastructure & marketplace for investing in alternatives, our user-friendly blockchain-based technology solutions have been designed to bring about true digital transformation for our clients.
Our customizable and turnkey technology solutions enable broadened access and facilitate greater investor participation by allowing asset managers, custodians, transfer agents, RIA's, broker-dealers, and investors to participate in the alternative investment marketplace with ease securely & efficiently while staying compliant.
iownit partners with like-minded organizations that are also looking to transform the alternative markets for a digital future, and we are actively expanding our network of third-party brokers/dealers ready to embrace digital transformation for private markets.
Securities are offered through iownit's affiliate, IOI Capital and Markets, LLC ("IOICM"). Member FINRA and SIPC. IOI Capital and Markets, LLC (iownit.us) is a wholly owned subsidiary of iownit Capital and Markets, Inc. For more information about iownit.us, please visit our website iownit.us or contact us at info@iownit.us
This is a marketing communication and is for informational purposes only. This document does not constitute a recommendation to buy, sell or hold any security and shall not be deemed an offer to sell or a solicitation of an offer to buy any security. The views and opinions expressed herein, which are subject to change without notice, are those of iownit Capital and Markets, Inc., or its affiliated companies at the time of publication. The duplication, publication, extraction, or transmission of the contents, irrespective of the form, is not permitted.
Securities offered on the iownit ATS have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Assets listed herein, such as digital assets or tokens using blockchain, are speculative, involve a high degree of risk, are generally illiquid, may have no value, have limited regulatory certainty, are subject to potential market manipulation risks and may expose investors to loss of principal. Investments in private placements, start-up investments in particular, are also speculative and involve a high degree of risk. Investors must be able to afford the loss of their entire investment. To learn more about the Blockchain and how iownit utilizes this technology, please visit:
https://www.iownit.us/learn-more/financial-innovation/what-is-a-decentralized-blockchain-network/
For more information, please contact:
For ARTBnk:
Graham Miller
Sphere Consulting
+1-202-862-5522
graham@sphereconsulting.com
For iownit
info@iowint.us
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SOURCE iownit | https://www.wibw.com/prnewswire/2022/07/26/artbnk-completes-gnther-frgs-ohne-titel-fractionalization-sale-using-iownits-blockchain-platform/ | 2022-07-26T16:44:54Z |
SÃO PAULO, April 11, 2022 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), ("GOL" or "Company"), Brazil's largest airline, today provides an Investor Update on its expectations for the first quarter of 2022. The information below is preliminary and unaudited. The Company will discuss its 1Q22 results in a conference call on April 28, 2022.
1. Excluding gains and losses on currency and Exchangeable Senior Notes.
2. Recurring operating results; excludes non-recurring maintenance costs related to fleet transformation of approximately R$92 million in 1Q22 and R$114 million in 1Q21.
3. Including 7x annual aircraft lease payments and excluding perpetual bonds.
4. Last twelve months.
5. Cash and cash equivalents, restricted cash, accounts receivable and deposits.
Investor Relations
ri@voegol.com.br
www.voegol.com.br/ir
+55(11) 2128-4700
About GOL Linhas Aéreas Inteligentes S.A.
GOL is the largest airline in Brazil, leader in the corporate and leisure segments. Since founded in 2001, the Company has the lowest unit cost in Latin America, thus democratizing air transportation. The Company has alliances with American Airlines and Air FranceKLM, besides several codeshare and interline agreements available to Customers, bringing more convenience and simple connections to any place served by these partnerships. With the purpose of "Being the First for All", GOL offers the best travel experience to its passengers, including: the largest number of seats and more space between seats; the greatest platform with internet, movies and live TV; and the best frequent-flyer program, SMILES. In cargo transportation, GOLLOG delivers orders to different regions in Brazil and abroad. The Company has a team of 15,000 highly qualified aviation professionals focused on Safety, GOL's #1 value, and operates a standardized fleet of 135 Boeing 737 aircraft. The Company's shares are traded on the NYSE (GOL) and the B3 (GOLL4). For further information, visit www.voegol.com.br/ri.
Disclaimer
The information contained in this press release has not been subject to any independent audit or review and contains "forward-looking" statements, estimates and projections that relate to future events, which are, by their nature, subject to significant risks and uncertainties. All statements other than statements of historical fact contained in this press release including, without limitation, those regarding GOL's future financial position and results of operations, strategy, plans, objectives, goals and targets, future developments in the markets in which GOL operates or is seeking to operate, and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "will", "may", "project", "estimate", "anticipate", "predict", "seek", "should" or similar words or expressions, are forward-looking statements. The future events referred to in these forward-looking statements involve known and unknown risks, uncertainties, contingencies and other factors, many of which are beyond GOL's control, that may cause actual results, performance or events to differ materially from those expressed or implied in these statements. These forward-looking statements are based on numerous assumptions regarding GOL's present and future business strategies and the environment in which GOL will operate in the future and are not a guarantee of future performance. Such forward-looking statements speak only as at the date on which they are made. None of GOL or any of its affiliates, officers, directors, employees and agents undertakes any duty or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law. None of GOL or any of its affiliates, officers, directors, employees, professional advisors and agents make any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved, and such forward-looking statements represent, in each case, only one of many possible scenarios and should not be viewed as the most likely or standard scenario. Although GOL believes that the estimates and projections in these forward-looking statements are reasonable, they may prove materially incorrect and actual results may materially differ. As a result, you should not rely on these forward-looking statements.
Non-GAAP Measures
To be consistent with industry practice, GOL discloses so-called non-GAAP financial measures which are not recognized under IFRS or U.S. GAAP, including "Net Debt", "Adjusted Net Debt", "total liquidity" and "EBITDA". The Company's management believes that disclosure of non-GAAP measures provides useful information to investors, financial analysts and the public in their review of its operating performance and their comparison of its operating performance to the operating performance of other companies in the same industry and other industries. However, these non-GAAP items do not have standardized meanings and may not be directly comparable to similarly-titled items adopted by other companies. Potential investors should not rely on information not recognized under IFRS as a substitute for the GAAP measures of earnings or liquidity in making an investment decision.
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SOURCE GOL Linhas Aéreas Inteligentes S.A. | https://www.mysuncoast.com/prnewswire/2022/04/11/gol-announces-1q22-investor-update/ | 2022-04-12T01:13:08Z |
BERWYN, Pa., Sept. 8, 2022 /PRNewswire/ -- Annovis Bio, Inc. (NYSE: ANVS) ("Annovis" or the "Company"), a late-stage clinical drug platform company addressing neurodegenerative diseases, today released the following letter to stockholders from its Chief Executive Officer Dr. Maria Maccecchini.
Dear Fellow Stockholder,
Over the years we have been talking about the potential of buntanetap to treat more than Alzheimer's disease. In cell models, animal models and human clinical studies, we have seen that buntanetap works in numerous acute and chronic neurodegenerative conditions. I would like to take this opportunity to explain how one drug can be so broadly applicable.
Buntenatap works by inhibiting specific neurotoxic proteins such as amyloid precursor protein (APP), Tau, alpha-synuclein (αSYN), TAR DNA binding protein 43 (TDP-43), huntingtin (HTT) and prion protein. These proteins have normal functions but in their neurotoxic aggregating form, they impair axonal transport, slow synaptic transmission, cause inflammation, and ultimately, kill nerve cells, resulting in the loss of affected function in various neurodegenerative conditions.
The overexpression and aggregation of these proteins is caused by elevated levels of iron in the nerve cell. The mRNAs of neurotoxic aggregating proteins contain an iron response element (IRE) which binds to an iron regulatory protein called IRP1. At normal iron levels, translation occurs at appropriate physiological levels. When iron flows into the cell, the mRNAs are released and translated at higher rates by the ribosome. When massive iron flows in, the mRNAs remain unbound for as long as the iron is high and the proteins for these neurotoxic aggregating proteins are overexpressed. In this high iron situation, buntanetap binds to the atypical IRE-IRP1 complex and prevents the mRNA from being released and, therefore, from being translated and overexpressed.
Buntanetap is able to inhibit the translation of multiple neurotoxic proteins through this mechanism of action, and as a result has the potential to treat numerous acute and chronic neurodegenerative conditions that share this pathway. In mouse or rat models of Alzheimer's, Parkinson's, stroke, frontotemporal dementia, traumatic brain injury, glaucoma, and Down Syndrome, buntanetap has been shown to normalize the levels of these neurotoxic proteins and to restore function.
Most importantly, this has been demonstrated in human clinical trials. In our recent Phase 2 clinical trial in Alzheimer's disease and Parkinson's disease, treatment with buntanetap resulted in reduction of aggregating proteins and statistically significant improvement in motor function in Parkinson's disease patients and cognition in Alzheimer's disease patients.
We look forward to unlocking the full potential of buntanetap and addressing unmet needs across a range of acute and chronic neurological conditions.
Maria L. Maccecchini, Ph.D.,
Founder, President, CEO and Executive Board Member
About Buntanetap
Buntanetap (previously known as ANVS401 or Posiphen) is an oral translational inhibitor of neurotoxic aggregating proteins (TINAPs), which mode of action leads to lower levels of neurotoxic proteins and consequently less toxicity in the brain. In a Phase 2a clinical trial in AD and PD patients, treatment with buntanetap resulted in statistically significant improvement in motor function in PD patients and cognition in AD patients. Additionally, the drug was well-tolerated and safe, and its pharmacokinetics were found to be in line with levels measured earlier in humans, meeting both the primary and secondary endpoints.
About Annovis Bio, Inc.
Headquartered in Berwyn, Pennsylvania, Annovis Bio, Inc. is a late-stage clinical drug platform company developing transformative therapies that treat neurodegenerative disorders such as Alzheimer's disease (AD), Parkinson's disease (PD) and other chronic and acute neurodegenerative diseases. The Company believes that it is the only company developing a drug that inhibits more than one neurotoxic protein, improves the information highway of the nerve cell, known as axonal transport, reduces inflammation and protects nerve cells from dying in chronic and acute neurodegeneration. Annovis conducted two Phase 2 studies: one in AD patients and one in both AD and PD patients. In the AD/PD study, buntanetap showed improvements in cognition and memory in AD as well as body and brain function in PD patients.
For more information on Annovis Bio, please visit the Company's website www.annovisbio.com and follow us on LinkedIn and Twitter.
Forward-Looking Statements
Statements in this press release contain "forward-looking statements" that are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "expect," "believe," "will," "may," "should," "estimate," "project," "outlook," "forecast" or other similar words, and include, without limitation, statements regarding the timing, effectiveness, and anticipated results of buntanetap clinical trials. Forward-looking statements are based on Annovis Bio, Inc.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Annovis Bio, Inc. undertakes no duty to update such information except as required under applicable law.
Media and Investor Contact:
Nic Johnson
Russo Partners, LLC
(303) 482-6405
nic.johnson@russopartnersllc.com
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SOURCE Annovis Bio | https://www.kxii.com/prnewswire/2022/09/08/annovis-bios-ceo-maria-maccecchini-issues-letter-stockholders/ | 2022-09-08T12:10:40Z |
NEW YORK, July 7, 2022 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") announced today it will release its financial results for the second quarter ended June 30, 2022 on Thursday, August 4, 2022 before the start of trading on the New York Stock Exchange.
The Company will host a conference call and audio webcast on Thursday, August 4, 2022, beginning at 1:00 p.m. ET, to discuss the second quarter results and provide commentary on business performance. The call will be conducted by GNL's management team and a question and answer session with analysts and investors will follow the prepared remarks.
Dial-in instructions for the conference call and the replay are outlined below. This conference call will also be broadcast live over the Internet and can be accessed by all interested parties through the GNL website, www.globalnetlease.com, in the "Investor Relations" section. To listen to the live call, please go to the "Investor Relations" section of the Company's website at least 15 minutes prior to the start of the call to register and download any necessary audio software. For those who are not able to listen to the live broadcast, a replay will be available shortly after the call on the GNL website.
Conference Call Details
Live Call
Dial-In (Toll Free): 1-877-407-0792
International Dial-In: 1-201-689-8263
Conference Replay*
Domestic Dial-In (Toll Free): 1-844-512-2921
International Dial-In: 1-412-317-6671
Conference Replay Number: 13730903
*Available from 4:00 p.m. ET on August 4, 2022 through November 4, 2022.
About Global Net Lease, Inc.
Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe. Additional information about GNL can be found on its website at www.globalnetlease.com.
Important Notice
The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. In addition, words such as "may," "will," "seeks," "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of GNL's control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include (a) the potential adverse effects of (i) the ongoing global COVID-19 pandemic, including actions taken to contain or treat COVID-19, and (ii) the geopolitical instability due to the ongoing military conflict between Russia and Ukraine, including related sanctions and other penalties imposed by the U.S. and European Union, and other countries, as well as other public and private actors and companies, on GNL, GNL's tenants and the global economy and financial markets, and (b) that any potential future acquisition is subject to market conditions and capital availability and may not be identified or completed on favorable terms, or at all, as well as those set forth in the Risk Factors section of GNL's most recent Annual Report on Form 10-K for the year ended December 31, 2021 filed on February 24, 2022, and all other filings with the SEC after that date, as such risks, uncertainties and other important factors may be updated from time to time in GNL's subsequent reports. Further, forward-looking statements speak only as of the date they are made, and GNL undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.
Contacts:
Investors and Media:
Email: investorrelations@globalnetlease.com
Phone: (212) 415-6510
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SOURCE Global Net Lease, Inc. | https://www.wibw.com/prnewswire/2022/07/07/global-net-lease-announces-release-date-second-quarter-2022-results/ | 2022-07-07T10:59:47Z |
Venterra Realty has ranked #22 for the regional recognition honoring the 2022 Best Workplaces in Texas, a Great Place to Work® Institute Award
HOUSTON, June 15, 2022 /PRNewswire/ -- Based on an analysis of over 1 million employee survey responses, Venterra Realty has been named one of the Best Workplaces in Texas, for a fifth year in a row, ranking #22 in the small and medium companies category. This selective list relies on employee satisfaction surveys from Texas employees working at companies with less than 1,000 employees.
Best Workplaces in Texas rankings are determined by employee feedback from companies representing more than 6.1 million U.S. employees. Great Place to Work selected organizations on the list using rigorous analytics and confidential employee feedback and only Great Place to Work-Certified™ organizations headquartered in Texas were considered.
Great Place to Work is the only company culture award in America that selects winners based on how fairly employees are treated. Companies are assessed on how well they are creating a great employee experience regardless of race, gender, age, disability status, or role in the company.
Venterra's most recent survey results showed that 92% of its team members feel the company is a great place to work, compared to 57% of employees at a typical U.S.-based organization. And, for the sixth year in a row, Venterra's survey results were strong enough for them to gain "Certified" status and rank on Great Place to Work's selective "Best Workplaces" list, as published by FORTUNE.
"Nurturing a positive work environment for our colleagues is a top priority of ours at Venterra," said Venterra CEO, John Foresi. "While this recognition is specific to Texas, in our minds our success is not limited to one region as we are a team-first company, and all colleagues contribute to our ability to provide extraordinary service to those who choose Venterra."
"Our team members are a passionate, motivated and dedicated group of colleagues," added Venterra Chairman, Andrew Stewart. "Venterra offices and communities are staffed with individuals who are constantly finding ways to positively impact the lives of others. We credit the ongoing focus of creating a company culture based around genuine care for customers and colleagues alike for Venterra's workplace being regularly recognized by organizations like Great Place to Work®."
Past survey results have led The Great Place to Work® Institute and FORTUNE to recognize Venterra for creating a great workplace for women, Millennials, and individuals from diverse backgrounds. Explore Venterra's Great Place to Work page for a full list of past recognitions and to learn more about their team member feedback.
"As employee demands and expectations have dramatically changed over the past year, these companies have risen to the occasion—and it's not been easy," says Kim Peters, Executive Vice President of Global Recognition, Research & Strategic Partnerships at Great Place to Work. "Their hard work and dedication to listen to and care for the well-being of every employee, and support them in a way that's meaningful to all, is the standard all organizations will be held to."
Venterra will be launching its 2022 team member survey later this month. As they have in past years, the company will utilize the information gathered in the survey to identify opportunities to further improve their employee experience.
Founded in 2001, Venterra Realty owns and manages 66 communities and more than 19,000 apartment units across 13 major US cities that provide housing to over 38,000 people and 13,000 pets. The organization has completed $7.2 billion in real estate transactions and currently manages a portfolio of multi-family real estate assets valued at approximately $4 billion. Venterra is committed to improving the lives of its residents by delivering industry-leading customer experience. Find out more about Venterra Realty and its award-winning company culture at Venterra.com.
Venterra Realty Media Contact:
Allie Foard, venterramedia@venterraliving.com
Great Place to Work selected the Best Workplaces in Texas by gathering and analyzing confidential survey responses from its study of thousands of companies representing more than 6.1 million U.S. employees at Great Place to Work-Certified™ organizations. Companies must be headquartered in Texas to be eligible. Company rankings are derived from 60 employee experience questions within the Great Place to Work Trust Index™ survey. Read the full methodology.
Great Place to Work is the global authority on workplace culture. Since 1992, it has surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Its employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything it does is driven by the mission to build a better world by helping every organization become a great place to work For All™.
Learn more at greatplacetowork.com and on LinkedIn, Twitter, Facebook and Instagram.
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SOURCE Venterra Realty | https://www.mysuncoast.com/prnewswire/2022/06/15/venterra-realty-named-one-best-workplaces-texas-by-great-place-work-institute-fifth-year-row/ | 2022-06-16T00:26:41Z |
- ISS states that the proposed acquisition is in the best interest of Numinus shareholders
- Shareholders are encouraged to vote their common shares prior to the proxy deadline
of June 6, 2022 at 11:00 a.m. PT. - For any questions on voting, please contact Laurel Hill Advisory Group at 1-877-452-7184 (North American Toll Free) or by email at assistance@laurelhill.com
VANCOUVER, BC, May 31, 2022 /PRNewswire/ - Numinus Wellness Inc. ("Numinus", the "Company") (TSX: NUMI) (OTCQX: NUMIF) is pleased to announce that Institutional Shareholder Services ("ISS"), a leading proxy advisory firm that provides independent voting recommendations to institutional investors, has recommended that Numinus shareholders vote "FOR" the Company's resolutions in connection with the proposed acquisition of Novamind Inc. ("Novamind"), which was announced on April 12, 2022. The Numinus Special Shareholder Meeting will be held on June 8, 2022 at 11:00 am PT in a virtual-only format conducted by live audio webcast.
ISS recommends that Numinus shareholders vote "FOR" the share issuance associated with the acquisition of Novamind.
In reaching its conclusion, ISS noted:
"Based on a review of the terms of the transaction, the proposed amalgamation makes strategic sense as the target company operates in the same segment, and it is expected that there will be significant benefits associated with annual cost saving synergies."
Numinus' board of directors, in consultation with its financial and legal advisors, has unanimously determined that the acquisition and associated issuance of up to 63,010,034 Common Shares is in the best interest of the Company and its Shareholders, and unanimously recommend that Shareholders vote in favour of the Share Issuance Resolution to facilitate the acquisition of Novamind.
Shareholders are asked to consider, and if deemed advisable, to approve, with or without variation, an ordinary resolution (the "Share Issuance Resolution") authorizing and approving the issuance of up to 63,010,034 Common Shares of the Company to the securityholders of Novamind in connection with the proposed Transaction.
The Meeting is scheduled to be held on June 8, 2022 at 11:00 a.m. PT. At the Meeting, Shareholders will be asked to consider the Share Issuance Resolution. The Circular, form of proxy and voting instruction form, as applicable, for the Meeting contain important information with respect to how registered and beneficial Shareholders may vote at the Meeting. The Circular is also available under the Company's profile on SEDAR at www.sedar.com and on Numinus' investor relations website at: https://www.investors.numinus.com/events-and-presentations/events/event-details/2022/Special-Meeting-of-Shareholders/default.aspx. Only shareholders of record as of the close of business (Eastern Time) on April 29, 2022 are eligible to vote at the meeting.
The deadline for completed proxies to be received by the Company's transfer agent is June 6, 2022 at 11:00 a.m. PT.
The Company will be holding the Meeting in a virtual-only format, which will be conducted via live audio webcast online at https://web.lumiagm.com/222613031. During the audio webcast, Shareholders will be able to hear the Meeting live, and registered Shareholders and duly appointed proxyholders will be able to submit questions and vote at the Meeting. The Circular provides important and detailed instructions about how to participate at the virtual Meeting.
Shareholders who have questions regarding the special resolution or require assistance with voting may contact the Company's proxy solicitation agent and shareholder communications advisor, Laurel Hill Advisory Group, by telephone at 1-877-452-7184 (toll free North America) or 416-304-0211 (calls outside North America) or by email at assistance@laurelhill.com.
Numinus Wellness (TSX: NUMI) helps people to heal and be well through the development and delivery of innovative mental health care and access to safe, evidence-based psychedelic-assisted therapies. The Numinus model - including psychedelic production, research and clinic care - is at the forefront of a transformation aimed at healing rather than managing symptoms for depression, anxiety, trauma, pain and substance use. At Numinus, we are leading the integration of psychedelic-assisted therapies into mainstream clinical practice and building the foundation for a healthier society.
Learn more at www.numinus.com and follow us on LinkedIn, Facebook, Twitter, and Instagram.
This news release includes certain "forward‐looking information" and "forward‐looking statements" (collectively "forward‐looking statements") within the meaning of applicable Canadian securities legislation, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. All statements in this news release that address events or developments that the Company expects to occur in the future are forward‐looking statements. Forward‐looking statements are statements that are not historical facts and are often identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur, and include information regarding: (i) expectations regarding whether the proposed Transaction will be consummated, including whether conditions to the consummation of the Transaction will be satisfied, or the timing for completing the Transaction and receiving the required securityholder, regulatory and court approvals, (ii) the anticipated timing of the securityholder meeting of the Company; (iii) expectations regarding the potential benefits of the Transaction and the ability of the combined company to successfully achieve business objectives; and (iv) expectations for other economic, business, and/or competitive factors.
Forward‐looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond the Company's control. These forward‐looking statements are qualified in their entirety by cautionary statements and risk factor disclosure contained in filings made by the Company with the Canadian securities regulators, including the Company's financial statements and related MD&A for the financial year ended August 31, 2021 and its interim financial statements and related MD&A for the three and six months ended February 28, 2022, all filed with the securities regulatory authorities in all provinces and territories of Canada, except Québec, and available under the Company's profile at www.sedar.com. The risk factors are not exhaustive of the factors that may affect the Company's forward‐looking statements. The Company's forward‐looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management of the Company at such time. The Company does not assume any obligation to update forward‐looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable securities laws. There can be no assurance that forward‐looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward‐looking statements. Accordingly, undue reliance should not be placed on forward‐looking statements.
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SOURCE Numinus Wellness Inc. | https://www.wibw.com/prnewswire/2022/05/31/numinus-announces-iss-recommends-shareholders-vote-favor-share-issuance-acquire-novamind/ | 2022-05-31T12:25:18Z |
The company is among the first utilities in the United States to produce zero-carbon hydrogen for blending with its natural gas supply
MINNEAPOLIS, June 3, 2022 /PRNewswire/ -- CenterPoint Energy (NYSE: CNP) today announced that its green hydrogen project in Minneapolis is operational. The project uses renewable electricity to safely split hydrogen from water, and the zero-carbon hydrogen is then blended at low concentrations with natural gas in the utility's local distribution system.
CenterPoint Energy is one of the first natural gas utilities in the United States to produce and add green hydrogen to its distribution system. Because there are no carbon emissions from either its production or end-use, green hydrogen has the potential to be an important zero-carbon supplement to conventional natural gas.
CenterPoint Energy is Minnesota's largest natural gas utility, serving approximately 900,000 residential and business customers in the state. The green hydrogen project is located on existing company property near downtown Minneapolis. The system was designed and packaged by a Minnesota company and the major equipment for the project was made in the U.S.
"CenterPoint Energy is committed to evaluating innovative solutions that reduce carbon emissions and advance a clean energy future," said Scott Doyle, Executive Vice President, Utility Operations. "With this pilot project, we are exploring the potential of green hydrogen as a safe, zero-carbon energy resource that can be delivered through our local gas distribution systems to benefit both our customers and the environment."
The primary goal of the pilot project is to gain operational experience with the technology for making green hydrogen and how it can be integrated most effectively into the local natural gas distribution system to lower the carbon content of delivered energy.
The project's one-megawatt electrolyzer is powered by renewable electricity and can produce up to 60 Dekatherms (432 kilograms) of hydrogen gas per day, using approximately two gallons of water per minute. The water is sourced from the municipal water supply and highly purified before it enters the hydrogen production system.
The green hydrogen produced by the system is added in low concentrations, up to five percent, to the natural gas in a low-pressure section of CenterPoint Energy's local distribution pipeline system. As a substitute for natural gas that would otherwise be used, the green hydrogen is expected to avoid approximately 1,200 tons of CO2 emissions per year.
In 2021, CenterPoint Energy successfully sought passage of the Natural Gas Innovation Act, a landmark new energy law in Minnesota that will allow the utility to invest further in innovative clean energy resources and technologies to reduce emissions, including green hydrogen and renewable natural gas. Later this year, the utility expects to submit its first "innovation plan" under the new law for review and approval by the Minnesota Public Utilities Commission.
Last year, CenterPoint Energy announced industry-leading enterprise-wide carbon reduction goals. They include achieving Net Zero by 2035 for direct emissions resulting from the company's own operations and energy use. The company has also made a goal to reduce its Scope 3 emissions by 20 to 30 percent by 2035.
More information can be found at CenterPointEnergy.com/CleanEnergyMN.
As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of March 31, 2022, the company owned approximately $35 billion in assets. With approximately 8,900 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events, such as the use of the green hydrogen project, the amount, timing and continued reduction in carbon emissions as a result of the green hydrogen project, the timing and/or the submission of the CenterPoint Energy's an innovation plan, and CenterPoint Energy's timing and ability to achieve it Net Zero and carbon emissions reductions goals, and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) the impact of COVID-19; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; (5) effects of competition; (6) weather variations; (7) changes in business plans; and (8) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, CenterPoint Energy's Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.
Net Zero Disclaimer: While CenterPoint Energy believes that it has a clear path towards achieving its net zero emissions (Scope 1 and Scope 2) by 2035 goals, its analysis and path forward required it to make a number of assumptions. These goals and underlying assumptions involve risks and uncertainties and are not guarantees. Should one or more of CenterPoint Energy's underlying assumptions prove incorrect, its actual results and ability to achieve net zero emissions by 2035 could differ materially from its expectations. Certain of the assumptions that could impact its ability to meet its net zero emissions goals include, but are not limited to: emission levels, service territory size and capacity needs remaining in line with company expectations (inclusive of changes related to the sale of CenterPoint Energy's Natural Gas businesses in Arkansas and Oklahoma); regulatory approval of Indiana Electric's generation transition plan; impacts of future environmental regulations or legislation; impacts of future carbon pricing regulation or legislation, including a future carbon tax; price, availability and regulation of carbon offsets; price of fuel, such as natural gas; cost of energy generation technologies, such as wind and solar, natural gas and storage solutions; adoption of alternative energy by the public, including adoption of electric vehicles; rate of technology innovation with regards to alternative energy resources; CenterPoint Energy's ability to implement its modernization plans for its pipelines and facilities; the ability to complete and implement generation alternatives to Indiana Electric's coal generation and retirement dates of Indiana Electric's coal facilities by 2035; the ability to construct and/or permit new natural gas pipelines; the ability to procure resources needed to build at a reasonable cost, the lack of or scarcity of resources and labor, the lack of any project cancellations, construction delays or overruns and the ability to appropriately estimate costs of new generation; impact of any supply chain disruptions; changes in applicable standards or methodologies; and enhancement of energy efficiencies. In addition, because Texas is in an unregulated market, CenterPoint Energy's Scope 2 estimates do not take into account Texas electric transmission and distribution assets in the line loss calculation and exclude emissions related to purchased power between 2024E-2026E. CenterPoint Energy's Scope 3 estimates are based on the total natural gas supply delivered to residential and commercial customers as reported in the U.S. Energy Information Administration (EIA) Form EIA-176 reports and do not take into account the emissions of transport customers and emissions related to upstream extraction. Please also review other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, CenterPoint Energy's Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.
For more information, contact
Media Relations
Media.Relations@CenterPointEnergy.com
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SOURCE CenterPoint Energy, Inc. | https://www.mysuncoast.com/prnewswire/2022/06/03/centerpoint-energy-launches-green-hydrogen-project-minnesota/ | 2022-06-03T11:35:33Z |
SEVILLE, Spain, June 1, 2022 /PRNewswire/ -- Appian (NASDAQ: APPN) announced the opening of its newest office in Europe and its first Technology Innovation Center in Seville, Spain, as the demand for the Appian Low-Code Platform continues to grow in the region. Situated right in the heart of the Cartuja Science and Technology Park, Appian plans to recruit and hire locally to serve its growing list of customers and partners in Europe, the Middle East and Africa (EMEA).
Key Appian customers include a large multinational financial services company based in Spain, one of the largest Spanish telecommunications companies in the world, a global consulting firm, plus other companies looking to transform their business at rapid speed with security, reliability, and agility.
In addition to Appian Founder and CEO Matt Calkins and Víctor Ayllón, Vice President of Automation at Appian, delegates from the Regional Government, the Seville City Hall and the Cartuja Science and Technology Park, and other leaders also attended the recent Appian Seville office opening ceremony.
"We welcome Appian and applaud its decision to establish its first product development team outside the US in the Cartuja Science and Technology Park," said Rogelio Velasco, the Minister of Economic Transformation, Industry, Knowledge, and Universities of the Andalusia Government. "Its commitment to our region reaffirms the advantages Andalusia has to offer: a qualified talent pool, prestigious university, and an entrepreneurial business ecosystem. This new Technology Innovation Center reaffirms the growth trajectory of the Cartuja Science and Technology Park, which has attracted nine multinational initiatives so far this year alone."
Appian incorporated its EMEA Headquarters in London, UK, in 2007 and ten years later, opened its first office in Madrid, Spain, in 2017. The global low-code software company established its footprint in Seville in January 2020 when it acquired a local company known for its Robotic Process Automation (RPA) technology, Novayre Solutions. Since then, Appian has more than doubled the number of employees in Spain and has chosen Seville to be the first Technology Innovation Center outside of the US.
"Seville provides the ideal environment for Appian to establish its technology hub, grow our team, and serve our regional customers and partners," said Ayllón. "The new Appian office shows our vision for Seville and commitment to the Andalusia region as we plan to double the team here in the next few years. We will continue to work closely with local government authorities, universities, and communities to identify, recruit, and promote talents in the region."
In addition to investing in a new Technology Innovation Center, hiring local talents, and scaling up the Seville team, Appian has partnered with Fundación Once and PCT Cartuja on the "Digital Talent" project to help people with disabilities improve their employability. Appian is also working with universities in Seville and the Andalucía regions to host workshops for students and recruit top talent. Lastly, Appian is sponsoring 50 individuals in the Sputnik Talent Program to develop technical skills and help them transition into a new career in software development, project management, or solutions consulting.
Please visit our website and see open positions in Seville if you would like to be part of our growing team in Spain.
About Appian
Appian is the unified platform for change. We accelerate customers' businesses by discovering, designing, and automating their most important processes. The Appian Low-Code Platform combines the key capabilities needed to get work done faster, Process Mining + Workflow + Automation, in a unified low-code platform. Appian is open, enterprise-grade, and trusted by industry leaders. For more information, visit appian.com.
Follow Appian: Twitter, LinkedIn.
Follow Appian UK: Twitter, LinkedIn.
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SOURCE Appian | https://www.kxii.com/prnewswire/2022/06/01/appian-opens-new-technology-innovation-center-seville-spain-meet-low-code-demand-europe/ | 2022-06-01T08:35:57Z |
'Leaders—you can make true progress toward both DEI and ESG if you understand how to measure inclusion and unleash individuality.'
RANCHO SANTA MARGARITA, Calif., May 18, 2022 /PRNewswire/ -- Forget the backward facing "great resignation." We're in the midst of a great unleashing, as people explore ways to unleash their capacity and contribution. That's a key finding from the latest Leadership in the Age of Personalization Summit Executive Summary, available today for free from GLLG.
GLLG leads an ongoing think-tank of DEI, ESG and transformation leaders who address these challenges across business, healthcare and higher education. This report is the third in an annual series.
"Our organizations have spent decades forcing people to assimilate to the organization—but people are done assimilating," said Glenn Llopis, GLLG CEO. "Most leaders don't know what to do with that."
These three reports reveal an evolution of trends over the most tumultuous three-year-period in modern memory:
2019 – The pre-pandemic introduction to our new age of personalization:
- Standardization will be challenged by personalization
- The cultural demographic shift has reached its tipping point
- Next Gen will not assimilate to old ways of thinking
2020 – The pandemic-era revelations that previous top-down, standardized approaches to leadership collapse under pressure:
- What matters to the employee has not been a priority
- Business and social issues are indelibly linked
- Lack of leadership readiness for disruptive change is alarming
2021 – Our current-day inevitability: power belongs to individuals, not to the entity:
- Health and wellbeing is a non-negotiable priority
- Our traditional approach to DEI is pushing us further apart
- There are wide trust gaps between employees and their leaders
"Leaders see the calls for equity and inclusion (DEI) and better corporate governance (ESG), so they respond with a short-term 'plan' without trying to understand the needs and expectations of their employees," said Llopis. "When that plan fails, people leave, and leaders blame the great resignation. They fail to hold themselves accountable."
Many organizations are struggling to evolve their DEI and ESG platforms because traditional business practices are designed for efficiency (one-size-fits-all) rather than for the dignity of the individual. Download the three reports to gain insights into how leaders are already addressing these challenges.
"Change is happening everywhere, but evolution—the kind of transformation that truly moves individuals and organizations forward—is impossible until leaders evolve to meet these new realities," said Llopis.
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SOURCE GLLG | https://www.kxii.com/prnewswire/2022/05/18/stop-blaming-the-great-resignation-people-leave-because-you-dont-see-value-what-they-can-contribute/ | 2022-05-18T19:52:08Z |
WASHINGTON, July 5, 2022 /PRNewswire/ -- Individuals who were subject to the data breaches of the U.S. Office of Personnel Management ("OPM") and Its contractor, and who experienced an out-of-pocket loss after the breaches, could be eligible for a payment from a class action settlement.
The settlement has been reached in a class action lawsuit about the data breaches of OPM and its security contractor that allegedly compromised personal information of certain then-current and former federal government employees and contractors, as well as certain applicants for federal employment. The Defendants in the case—OPM and its contractor Peraton Risk Decision Inc. ("Peraton")—deny that they did anything wrong but have agreed to settle the lawsuit. The Court has not decided who is right.
Who's in the Settlement? You are a Class Member if your personal information was compromised as a result of the breaches of OPM's electronic information systems in 2014 and 2015 or the breach of Peraton's electronic information systems in 2013 and 2014; and if, after May 7, 2014, you suffered an out-of-pocket expense or compensable lost time: (1) to purchase a credit monitoring product, credit or identity theft protection product, or other product or service designed to identify or remediate the data breaches at issue in this case; (2) to access, freeze or unfreeze a credit report with a credit reporting agency; or (3) as a result of an identity theft incident or to mitigate an identity theft incident.
What does the Settlement provide? Defendants will pay $63,000,000 into a Settlement Fund, which will be distributed to Class Members who submit valid claims. Class Members who submit valid claims will receive $700 or the actual amount of the claim—whichever is higher—up to a maximum of $10,000. If the total value of all valid claims, plus any incentive awards to named Plaintiffs, exceeds the Settlement Fund, then the value of those individual claims will be reduced in equal proportion.
What are your options? If you are a settlement class member, you must fill out and submit a Claim Form to qualify for a payment. You can quickly and easily file your claim online at www.OPMDataBreach.com. You can also download a paper Claim Form from the website or get one by calling the Claims Administrator at 1-855-917-3567. The completed Claim Form must be submitted online or by mail postmarked no later than December 23, 2022.
If you are a Class Member and you don't want benefits from the Settlement, and you want to keep your right to sue Defendants on your own about the legal issues in this case, then you must take steps to get out of the Settlement. This is called excluding yourself from—or "opting out" of—the Class. If you do not exclude yourself from the Settlement, you will remain in the Class and will give up the right to sue Defendants for the claims resolved by the Settlement. Your request for exclusion must be submitted by mail postmarked by September 9, 2022. If you do not exclude yourself from the Settlement, you may object to the Settlement if you do not like any part of it. The deadline to object is September 9, 2022. For more information, visit www.OPMDataBreach.com.
The Court will hold a Fairness Hearing at 10:00 a.m. on October 14, 2022. At this hearing, the Court will consider whether the Settlement is fair, reasonable, and adequate. If there are objections, the Court will consider them. The Court will listen to people who have asked to speak at the hearing. You may attend at your own expense, or you may also pay your own lawyer to attend, but it is not necessary.
The above is a summary. The Settlement Agreement and more information on the lawsuit and your rights are available at www.OPMDataBreach.com or by calling toll-free 1-855-917-3567.
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SOURCE Girard Sharp | https://www.wibw.com/prnewswire/2022/07/05/63-million-settlement-has-been-reached-class-action-lawsuit-about-data-breaches-us-office-personnel-management-its-security-contractor/ | 2022-07-05T14:39:00Z |
Goodman Draws Upon Over 25 Years of Successful Leadership in Some of the Most Impactful Brands in Financial Services and Technology Industries; Will Oversee Global Growth Amidst Increased Market Demand
NEW YORK, June 9, 2022 /PRNewswire/ -- Smarsh, the global leader in digital communications compliance and intelligence, announced today that its board of directors has appointed Kim Crawford Goodman as the company's new chief executive officer. Goodman, a recognized financial services and technology industry leader with more than 25 years of experience, will succeed Brian Cramer and lead the company into its next stage of global growth. Cramer will join the Smarsh board of directors.
Prior to joining Smarsh, Goodman was Head of Payments and Risk Solutions at Fortune 500 company Fiserv, Inc. Previously, Goodman was Chief Executive Officer of Worldpay US, and president of Global Business Travel and Merchant Services Americas for American Express. She has also held executive leadership roles at Dell Inc. and began her career in management consulting with Bain & Company, where she ascended to the role of partner. Goodman is a member of the Board of Directors of Charter Communications (NASDAQ: CHTR) and has served on the boards of Alcatel-Lucent, Brocade Communications Systems, Inc., and National Life Insurance Company.
"With the unprecedented demand for our cloud-native, AI-enabled solutions and our team's strong execution, we are confident that Smarsh is well-positioned for its increased global growth and look forward to drawing upon Kim's proven track record of success with top brands in financial services and technology," said Steve Marsh, Founder and Chairman of Smarsh.
Goodman is a graduate of Stanford University with a Master of Science in Industrial Engineering and Bachelor of Arts in Political Science. She also earned a Master of Business Administration from Harvard Business School where she was a Baker Scholar. Goodman was previously named one of the Most Powerful Black Executives in America by FORTUNE® magazine. In 2019, she was honored for her leadership by Finovate as Executive of the Year and was recognized among the Top 25 Women Leaders in Financial Technology by the Financial Technology Report.
"I'm honored to have the opportunity to lead the Smarsh team," said Goodman. "Smarsh has created the category of communications intelligence – leveraging Artificial Intelligence to surface risk and business insights in your data – and there is a growing global demand for it. Organizations face a volatile regulatory landscape and the real challenges of supervising work from home as employees use many more digital channels," said Goodman. "The Smarsh team has shown extraordinary vision and leadership in helping protect many of the largest global financial firms and government agencies from regulatory and reputational risk."
Goodman's arrival comes on the heels of two major acquisitions in 2022, and the company's positioning as a leader in Gartner's Magic Quadrant for Enterprise Information Archiving (EIA) for the seventh consecutive year1. In February, Smarsh announced the acquisition of the Digital Safe product line from Micro Focus; in May, Smarsh announced the acquisition of TeleMessage, a global leader in mobile messaging and voice capture and archiving across new channels like WhatsApp, WeChat, Signal and Telegram.
Cramer joined Smarsh in 2016 and served as CEO from 2018-2022. "On behalf of the board, I want to thank Brian Cramer for his innumerable contributions and dedicated years of service to the company," said Marsh. "Brian has led Smarsh through critical product and business transformations along with multiple acquisitions —including Actiance, Digital Reasoning, Entreda, Privva, Digital Safe and TeleMessage— and the company is the leading SaaS platform for global digital communications compliance."
The announcement of the new CEO coincides with SmarshCONNECT, the premier event for the broad range of Smarsh customers, which includes a keynote from Gen. David Petraeus, a retired military commander and former director of the CIA, along with Peter Wannemacher, a principal analyst at Forrester, and Gary Sorrentino, the Co-CIO of Zoom. Attendees will learn about the latest Smarsh technology and product advancements to address the remote supervision challenges that have resulted from the rapid expansion of new communications and collaboration tools.
1 Gartner, "Magic Quadrant for Enterprise Information Archiving", Michael Hoeck, Jeff Vogel, and Chandra Mukhyala, January 24, 2022.
About Smarsh:
Smarsh enables companies to transform oversight into foresight by surfacing business-critical signals in more than 80 digital communications channels. Regulated organizations of all sizes rely upon the Smarsh portfolio of cloud-native digital communications capture, retention, and oversight solutions to help them identify regulatory and reputational risks within their communications data before those risks become fines or headlines.
Smarsh serves a global client base spanning the top banks in North America, Europe, and Asia, along with leading brokerage firms, insurers, and registered investment advisors and U.S. state and local government agencies. To discover more about the future of communications capture, archiving and oversight, visit www.smarsh.com.
Media contact: Victoria Lewis, victoria.lewis@walkersands.com
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SOURCE Smarsh | https://www.wibw.com/prnewswire/2022/06/09/smarsh-names-kim-crawford-goodman-chief-executive-officer/ | 2022-06-09T12:11:22Z |
Traveling in a Sustainable, Earth-Conscious Way Is Possible
CANCUN, Mexico, April 11, 2022 /PRNewswire/ -- Odigoo Travel today announced the launching of its brand new environmentally conscious website OdigooTravel.com. Odigoo Travel is a company focused on offering extraordinary experiences and authentic human encounters to their customers, as well as activities that reconnect them with nature while traveling.
Odigo means "guide" in Greek, and that's what Odigoo Travel ultimately is for their customers, a guiding light that helps conscious travelers to find a new way to travel the world.
When Odigoo was conceived as a brand, its founders thought immediately about achieving sustainability. They strongly believe that brands should be focused on giving back more than they took from society. In the travel industry, sustainability must be a core value since the most important assets are those provided by nature.
"Odigoo is the wish to take care of our destinations and the customers who trust us; having top quality service providers and business partners who also share our values; and working with local communities to support and enhance their development," says Florence Sutra, CEO at Odigoo Travel. "Our team of travel enthusiasts have decided to embark on the ambitious project of showing our customers another dimension of your favorite travel destinations, rediscovering them in a different way, a greener way!"
Odigoo Travel helps travelers to:
- Discover the adventure inside them by taking them to breathtaking places with exciting activities.
- Reconnect with nature, highlighting the extraordinary biodiversity of our destinations.
- Get closer to a variety of animal species in the wild, with enriching activities such as birdwatching and whale watching.
- Get closer to the local culture, promoting a more conscious tourism.
- Find the best information, advice and products to make the most of their traveling time.
Odigoo Travel started operations in 2021, offering a greener way of traveling to all its customers. For more information, visit OdigooTravel.com.
About Odigoo Travel: Odigoo Travel is a team of international tourism professionals based in Cancun, Mexico. Odigoo Travel has built a network of travel services that allows it to offer a new, environmentally conscious way of traveling. Odigoo Travel offers its services in English, Spanish, and French to all its customers from day one.
Media Contact:
Florence Martin
Odigoo Travel
+1(786) 409-0545
contact@odigootravel.com
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SOURCE Odigoo Travel | https://www.wibw.com/prnewswire/2022/04/11/odigoo-launches-new-way-travel-world/ | 2022-04-11T15:38:50Z |
Ardmore track and field duo sign to run for OU, Southeastern
ARDMORE, Okla (KXII) - The Ardmore Tigers held signings for two track and field standouts with Ricky Smith Jr going to Oklahoma and Naughtica Douglas heading to Southeastern.
For the first time in 23 years, the Tigers are sending a track and field athlete to Norman. Ricky Smith Jr, who won state in the 100 and 200, is headed to Oklahoma. He signed his official letter of intent to run track surrounded by family and friends in Ardmore.
“It was kind of like it all fell into place,” Smith said. “Some schools bailed out and some schools stopped talking to me and then I looked at it and I realized like this is an opportunity from God and he really buckled down to me and said this is where you need to go and this is the place where you need to be. So I just thank God that he directed my path.”
Naughtica Douglas signed her letter of intent to run track at Southeastern. Douglas is excited about the move. She credits her family and coaches for her success.
“They were very helpful, they were with me every step of the way and they helped me out with a lot of things,” Douglas said. “I am pretty sure I wouldn’t be where I am without them so I’m just glad I had the coaches I did have.”
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/06/24/ardmore-track-field-duo-sign-run-ou-southeastern/ | 2022-06-24T04:19:06Z |
NEW YORK, June 21, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of IonQ, Inc. (NYSE: IONQ) alleging that the Company violated federal securities laws.
Class Period: March 30, 2021 to May 2, 2022
Lead Plaintiff Deadline: August 1, 2022
No obligation or cost to you.
Learn more about your recoverable losses in IONQ:
https://www.kleinstocklaw.com/pslra-1/ionq-inc-loss-submission-form?id=28807&from=4
IonQ, Inc. NEWS - IONQ NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that IonQ, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) IonQ had not yet developed a 32-qubit quantum computer; (2) the Company's 11-qubit quantum computer suffered from significant error rates, rendering it useless; (3) IonQ's quantum the computer is not sufficiently reliable, so it is not accessible despite being available through major cloud providers; (4) a significant portion of IonQ's revenue was derived from improper roundtripping transactions with related parties; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were the materially misleading and/or lacked a reasonable basis.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in IonQ you have until August 1, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased IonQ securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the IONQ lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/ionq-inc-loss-submission-form?id=28807&from=4.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.mysuncoast.com/prnewswire/2022/06/21/ionq-alert-klein-law-firm-announces-lead-plaintiff-deadline-august-1-2022-class-action-filed-behalf-ionq-inc-shareholders/ | 2022-06-21T10:13:18Z |
Grand Central Station holds spring fundraising event
Published: May. 2, 2022 at 9:21 PM CDT|Updated: 11 hours ago
SHERMAN, Texas (KXII) - Earlier Monday evening Grand Central Station held their first fundraiser at Old Iron Post to raise money for the organization.
Grand Central Station is a nonprofit organization that serves over 100 hot meals per day for the community.
Monday’s events at Old Iron Post has signature drinks, dunking booth, piñata prizes and raffles drawn.
All money raised goes toward the organization.
If you weren’t able to attend Monday’s event you can still donate online or come out to their next fundraiser in August.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/05/03/grand-central-station-holds-spring-fundraising-event/ | 2022-05-03T13:30:05Z |
Bell County AgriLife Extension Agent Whitney Ingram has been on the job less than 10 years, but already has achieved excellence.
Ingram received the Achievement Award from the National Association of County Agriculture Agents during the group’s 2022 annual meeting and conference July 19 in West Palm Beach, Fla. Ingram was one of several honorees who represent the top 1% of the membership selected by their peers, according to a news release.
“Her leadership and dedication to youth and volunteer development has fostered outstanding competitive teams, ambassador programs, and educational opportunities in ag literacy,” Joni Harper, NACAA chair of recognition and awards, said. “Ingram coaches the Bell County 4-H livestock judging team and has worked with a group of volunteers to manage the ag product ID, meats judging, horse judging, livestock skillathon and wildlife challenge teams who have celebrated many successes.”
The Achievement Award is awarded to ag agents with less than 10 years of service in the Cooperative Extension Service who have exhibited excellence in the field of professional Extensions. The NACAA is a professional Extension organization geared toward Extension educators and other professionals who work in agriculture, horticulture, forestry and natural resources, 4-H youth development, community development and related disciplines.
Ingram serves as an active member of the District 8 TCAAA and served as the state director of Early Career during 2018-2021. In Bell County, Ingram works closely with three program area committees, four program task forces and numerous volunteers.
Ingram’s diverse programming efforts and partnerships provide substantial educational opportunities in water and land stewardship, Harper said.
“By providing educational tools and resources to property owners, informed individuals are more likely to become better stewards of the land by conducting the practices that help conserve our natural resources,” Ingram said.
Ingram also manages the Bell County 4-H youth livestock program, one of the largest 4-H livestock programs in the state. In this role, she coordinates state and county level livestock validations, project visits, livestock clinics, educational tours, contests and livestock shows. Other teaching methods include newsletters, news articles and social media content development.
Along with retired agent Lyle Zoeller of Bell County and agent Floyd Ingram of Milam County, Ingram created the Bell-Milam Youth Ag Tour, a program that was recognized for a Superior Service Award by Texas A&M AgriLife Extension in January 2022. The annual program takes youths on an interactive, hands-on tour of production agriculture in Bell and Milam counties.
“Programs like these are instrumental in providing youth a practical knowledge base and familiarity in agricultural production systems,” Harper said. “Instruction in these project areas encompasses invaluable lessons of life development skills such as character, ethics and fair competition.”
Ingram received her bachelor of science in animal science from Texas A&M University in 2016 and master of science in agriculture and consumer resources from Tarleton State University in 2020.
“With new resources and evolving technologies, program success relies on substantial educational and volunteer support at the local level, which we are so lucky to have in Bell County,” Ingram said. | https://www.tdtnews.com/news/central_texas_news/article_4b8d9176-3253-11ed-a021-8b0653dd0637.html | 2022-09-12T05:48:16Z |
- Former Kirkland's Executive Returns to Help Lead Next Chapter of Transformation -
NASHVILLE, Tenn., Aug. 9, 2022 /PRNewswire/ -- Kirkland's, Inc. (Nasdaq: KIRK) ("Kirkland's Home" or the "Company"), a specialty retailer of home décor and furnishings, has appointed Mike Madden as chief financial officer ("CFO"), effective September 1, 2022.
Madden brings to Kirkland's Home over 15 years of executive level experience in both the retail and real estate industries. Most recently, he served as CFO at Priam Properties, a private real estate investment firm that focuses on multi-tenant office properties across high-growth markets in the U.S. Prior to his role at Priam Properties, Madden spent over 18 years serving Kirkland's Home in various senior leadership and executive roles, where he was responsible for leading many notable initiatives and acquired extensive knowledge of all aspects of the Company's business.
"We are pleased to welcome Mike to Kirkland's Home to lead the finance side of our organization during this transformative period," said Steve "Woody" Woodward, president and CEO of Kirkland's Home. "Having a proven executive with extensive financial prowess will be invaluable as we continue to navigate the current macroeconomic challenges . As a veteran of the Company, Mike brings a high level of familiarity with our accounting and financial controls, along with the broader operations, that we feel is critical for a swift and seamless transition into the role of CFO. We are confident that he will be a stabilizing force for our overall team and integral to our transformation efforts as we embark on the next chapter of our journey."
Commenting on his appointment, Madden stated: "I am eager to join the team at Kirkland's Home. I believe that with the substantial progress the Company has made in recent years there is an opportunity to unlock significant value and position Kirkland's Home as a leader in our niche of the home décor industry. Through my past experience with the Company, I have a deep understanding of the organization and I feel well equipped to hit the ground running on day one. I look forward to leading our finance operations to further develop and execute our growth strategy, with the goal of realizing long-term value for our shareholders."
Prior to Madden's first stint at Kirkland's Home, he was the assistant controller at Trammell Crow Company, which is an independently operated subsidiary of CBRE, the world's largest real estate services firm. Madden also previously served as a manager in assurance and business advisory services at PricewaterhouseCoopers LLP, where he worked with public and private clients operating in the retail and consumer products industries. Madden holds a bachelor's degree in accounting from the University of Memphis.
About Kirkland's, Inc.
Kirkland's, Inc. is a specialty retailer of home furnishings in the United States, currently operating 355 stores in 35 states as well as an e-commerce website, www.kirklands.com, under the Kirkland's Home brand. The Company provides its customers an engaging shopping experience characterized by a curated, affordable selection of home furnishings along with inspirational design ideas. This combination of quality and stylish merchandise, value pricing and a stimulating online and store experience allows the Company's customers to furnish their home at a great value. More information can be found at www.kirklands.com.
Forward-Looking Statements
Except for historical information contained herein, the statements in this release, including all statements related to future initiatives, financial goals and expectations or beliefs regarding any future period, are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are subject to the finalization of the Company's quarterly financial and accounting procedures. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Kirkland's Home actual results to differ materially from forecasted results. Those risks and uncertainties include, among other things, risks associated with the Company's progress and anticipated progress towards its short-term and long-term objectives including its brand transformation, the timing of normalized macroeconomic conditions from the impacts of global geopolitical unrest and the COVID-19 pandemic on the Company's revenues, inventory and supply chain, the effectiveness of the Company's marketing campaigns, risks related to changes in U.S. policy related to imported merchandise, particularly with regard to the impact of tariffs on goods imported from China and strategies undertaken to mitigate such impact, the Company's ability to retain its senior management team, continued volatility in the price of the Company's common stock, the competitive environment in the home décor industry in general and in Kirkland's Home specific market areas, inflation, fluctuations in cost and availability of inventory, interruptions in supply chain and distribution systems, including our e-commerce systems and channels, the ability to control employment and other operating costs, availability of suitable retail locations and other growth opportunities, disruptions in information technology systems including the potential for security breaches of Kirkland's Home or its customers' information, seasonal fluctuations in consumer spending, and economic conditions in general. Those and other risks are more fully described in Kirkland's Home filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K filed on March 25, 2022 and subsequent reports. Forward-looking statements included in this release are made as of the date of this release. Any changes in assumptions or factors on which such statements are based could produce materially different results. Except as required by law, Kirkland's Home disclaims any obligation to update any such factors or to publicly announce results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.
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SOURCE Kirkland's, Inc. | https://www.wibw.com/prnewswire/2022/08/09/kirklands-home-appoints-mike-madden-chief-financial-officer/ | 2022-08-09T20:29:21Z |
The easy-to-install, auto cleaning CI-2™ is the most compact ionization system made in the USA
CHARLOTTE, N.C., June 13, 2022 /PRNewswire/ -- GPS® announced today the launch of the CI-2™, a compact ionization system designed to fit a variety of non-ducted HVAC applications. The CI-2 is the first GPS designed product to be manufactured in the United States and is the most recent addition to the company's air-cleaning needlepoint bipolar ionization (NPBI™) technology systems that make optimizing ionization to clean indoor air easier and cost-effective.
Proudly made through a manufacturing partner in Mississippi using domestic and global components, the CI-2 is small (4.2″ X 1.1″ X 2.6″), so it fits where traditional air ionizers cannot, including heat pumps, Packaged Terminal Air Conditioners (PTACs), ductless mini splits, ceiling cassettes, ducted modules, certain fan coils and traditional split systems in air handlers up to 2,400 CFM.
The plenum-rated CI-2 design allows for multiple mounting options including fan inlets, interior duct walls and interior duct floors. Internally located magnets make it fast and easy to install on magnetic surfaces. There is also an optional bracket that fastens the CI-2 to non-magnetic surfaces.
The CI-2's low-profile design provides the flexibility to install in locations and applications in close proximity to indoor occupied spaces. This helps optimize the delivery of ionization to targeted areas within a building, helping improve indoor air quality.
The CI-2 handles multi-voltage inputs and comes standard with a self-cleaning cycle completed by carbon fiber brush emitters that have been proven in life-cycle testing to show no mechanical degradation due to repeated cleaning cycles over time, making the product virtually maintenance free. This saves customers time and money.
Like all GPS branded devices, the CI-2 is certified to UL's 2998 "zero ozone" emission standard.
"GPS is delighted to begin offering industry-leading devices that are manufactured in the United States. The CI-2 was designed with our customers and end-users in mind, delivering important benefits and features that make installation and operation hassle-free and cost-effective. The CI-2 is our most compact auto-cleaning ionizer to date. Because it's much smaller than other similar ionizers, it can better fit more HVAC applications," said Charlie Waddell, GPS founder and Chief Technology Officer.
The CI-2 system utilizes GPS' patented NPBI technology to help clean the air by reducing airborne particles including certain viruses and bacteria. Particles like dust, dander, smoke and even viruses and bacteria all can be suspended in the air. NPBI technology creates and releases ions into the airstream using an existing HVAC system as the delivery method. When these ions disperse throughout a space, they seek out and form bonds with particles in the air. During the process, particles begin to cluster together, or agglomerate, and are thus easier to filter out of the air. Agglomeration can create an environment that enables the reduction of certain harmful viruses and bacteria, all without introducing harmful levels of ozone or other byproducts.
For technical specifications of the CI-2 and more information on GPS' NPBI technology, please visit https://gpsair.com/products
About GPS Air (GPS):
Founded in 2008, GPS Air (GPS) is a leader in indoor air quality, with over 30 patents and 250,000 installations worldwide since its founding, including in offices, research labs, schools, universities, health care facilities and airports. GPS devices work in conjunction with HVAC systems as part of a multi-layered solution to help improve indoor air quality using a unique and patented low energy, soft ionization technology application called Needlepoint Bipolar Ionization (NPBI™). GPS branded products are certified to UL 2998, UL's stringent zero ozone standard. This independent certification is also compliant with the American Society of Heating, Refrigeration, and Air Conditioning Engineers (ASHRAE) guidance and follows recent Environmental Protection Agency (EPA), Center for Disease Control and Prevention (CDC) and Department of Education guidance. GPS is headquartered in Charlotte, North Carolina. More information about GPS can be found at www.gpsair.com.
GPS' NPBI technology helps to reduce certain viruses and bacteria like SARS-CoV-2, E-Coli, and RSV. Please see https://gpsair.com/third-party-testing for more information. GPS uses multiple data points to formulate performance validation statements. GPS' technology is used in a wide range of applications across diverse environmental conditions. Since locations will vary, clients should evaluate their individual application and environmental conditions when making an assessment regarding the technology's potential benefits. The GPS products have not been evaluated by the FDA as medical devices and, therefore, are not intended to treat, cure, or prevent infections or diseases caused by certain viruses or bacteria. The use of this technology is not intended to take the place of reasonable precautions to prevent the transmission of disease. It is important to comply with all applicable public health laws and guidelines issued by federal, state, and local governments and health authorities as well as official guidance published by the Centers for Disease Control and Prevention (CDC), including but not limited to social distancing, hand hygiene, cough etiquette, and the use of face masks.
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SOURCE GPS Air | https://www.wibw.com/prnewswire/2022/06/13/gps-begins-manufacturing-products-united-states-adds-new-compact-ionizer-extensive-portfolio-needlepoint-bipolar-ionization-npbi-products/ | 2022-06-13T14:16:05Z |
NEW YORK, June 13, 2022 /PRNewswire/ -- Attention Okta, Inc. ("Okta") (NASDAQ: OKTA) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between March 5, 2021 and March 22, 2022.
If you suffered a loss on your investment in Okta, contact us about potential recovery by using the link below. There is no cost or obligation to you.
https://www.wongesq.com/pslra-1/okta-inc-loss-submission-form?prid=28387&wire=4
ABOUT THE ACTION: The class action against Okta includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) Okta had inadequate cybersecurity contrAols; (ii) as a result, Okta's systems were vulnerable to data breaches; (iii) Okta ultimately did experience a data breach caused by a hacking group, which potentially affected hundreds of Okta customers; (iv) Okta initially did not disclose and subsequently downplayed the severity of the data breach; (v) all the foregoing, once revealed, was likely to have a material negative impact on Okta's business, financial condition, and reputation; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.
Aggrieved Okta investors only have until July 19, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong | https://www.kxii.com/prnewswire/2022/06/13/class-action-alert-law-offices-vincent-wong-remind-okta-investors-lead-plaintiff-deadline-july-19-2022/ | 2022-06-13T10:55:15Z |
NEW YORK, July 5, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Spero Therapeutics, Inc. ("Spero" or the "Company") (NASDAQ: SPRO) and certain of its officers. The class action, filed in the United States District Court for the Eastern District of New York, and docketed under 22-cv-03125, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Spero securities between October 28, 2021 and May 2, 2022, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased or otherwise acquired Spero securities during the Class Period, you have until July 25, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Spero, a clinical-stage biopharmaceutical company, focuses on identifying, developing, and commercializing treatments for multi-drug resistant bacterial infections and rare diseases in the United States. The Company's product candidates include Tebipenem Pivoxil Hydrobromide (HBr), an oral carbapenem-class antibiotic to treat complicated urinary tract infections, including pyelonephritis for adults.
On October 28, 2021, Spero announced that it had submitted a New Drug Application ("NDA") to the U.S. Food and Drug Administration ("FDA") for Tebipenem HBr for the Treatment of Complicated Urinary Tract Infections including Pyelonephritis (the "Tebipenem HBr NDA").
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the data submitted in support of the Tebipenem HBr NDA were insufficient to obtain FDA approval; (ii) accordingly, it was unlikely that the FDA would approve the Tebipenem HBr NDA in its current form; (iii) the foregoing would necessitate a significant workforce reduction and restructuring of Spero's operations; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
On March 31, 2022, Spero issued a press release announcing the Company's fourth quarter and full year 2021 financial results. In the press release, Spero disclosed that "[t]he U.S. Food and Drug Administration (FDA) has notified Spero that, as part of its ongoing review of Spero's New Drug Application (NDA) for tebipenem HBr, it has identified deficiencies that preclude discussion of labeling and post-marketing requirements/commitments at this time."
On this news, Spero's stock price fell $1.59 per share, or 18.27%, to close at $7.11 per share on April 1, 2022.
Then on May 3, 2022, Spero issued a press release announcing "that it will immediately defer current commercialization activities for tebipenem HBr based on feedback from a recent Late Cycle Meeting with the U.S. Food and Drug Administration (FDA) regarding Spero's New Drug Application (NDA) for tebipenem HBr[,]" and that, "[a]lthough the review is still ongoing and the FDA has not yet made any final determination regarding approvability, the discussion suggested that the data package may be insufficient to support approval during this review cycle." Specifically, the FDA advised the Company, in relevant part, that the FDA's separate analysis of the relevant study population had "reduce[d] the number of evaluable patients in the primary analysis population compared with those resulting from the trial's pre-specified micro-ITT population as outlined in the statistical analysis plan and [a]s a result, the FDA considers that the pre-specified non-inferiority margin of -12.5% was not met." Further, the press release advised that, "[i]n connection with this development, Spero announced that it is undertaking a reduction in its workforce by approximately 75% and a restructuring of its operations to reduce operating costs and reallocate resources."
On this news, Spero's stock price fell $3.24 per share, or 63.65%, to close at $1.85 per share on May 3, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.kxii.com/prnewswire/2022/07/06/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-spero-therapeutics-inc-class-action-lawsuit-upcoming-deadline-spro/ | 2022-07-06T02:48:03Z |
HOTEL THE MITSUI KYOTO Achieves Most Prestigious Award In The Hotel Industry In First Year of Operation
KYOTO, Japan, April 26, 2022 /PRNewswire/ -- Forbes Travel Guide, the only global rating system for luxury hotels, restaurants and spas, today unveiled its 2022 Star Awards which named HOTEL THE MITSUI KYOTO, the first and flagship property of the HOTEL THE MITSUI brand, as a Five-Star Hotel. The accolade is HOTEL THE MITSUI KYOTO's first Five-Star Award, a status presented only to properties who deliver a guest experience across its dining venues, facilities and services as determined by an independent inspection process. With this designation, HOTEL THE MITSUI KYOTO becomes the first hotel in Japan to receive a Five-Star Award in its first year of operation, the second Five-Star Hotel in Kyoto and is among only 12 Five-Star Hotels in Japan. HOTEL THE MITSUI KYOTO is one of only two new properties in Japan to earn the Five-Star honor in 2022, with the second being Halekulani Okinawa, a luxury property within the Mitsui Fudosan Group.
HOTEL THE MITSUI KYOTO, a unique treasure evocative of the cultural capital of Japan, is an idyllic sanctuary that celebrates and honors ancient Japanese traditions as well as embodies and symbolizes the legacy and spirit of Kyoto. Guests are welcomed by a luxurious ambiance of refined sophistication that evokes the aesthetic harmony between the natural environment, the four seasons and the five senses. Intimate and personal, enchanting and enriching, HOTEL THE MITSUI KYOTO is an awe-inspiring feast for the spirit and the senses. HOTEL THE MITSUI KYOTO is operated and managed by Mitsui Fudosan Resort Management Co., Ltd., a wholly owned subsidiary of Mitsui Fudosan Co., Ltd., a leading global real estate conglomerate headquartered in Tokyo.
"Since HOTEL THE MITSUI, the new flagship hotel brand of the Mitsui Fudosan Group, was established, one of our goals has been to achieve the coveted Five-Star status from the internationally renowned Forbes Travel Guide," said Manabu Kusui, General Manager of HOTEL THE MITSUI KYOTO. "We are delighted and honored to receive this prestigious accolade from Forbes Travel Guide in our first year of operation. With the concept of EMBRACING JAPAN'S BEAUTY at the core of everything we do, our aim is to be an institution that is loved by the people of Kyoto. We will continue to humbly listen and respond to the feedback we receive and devote our efforts to ensuring we continue to remain a hotel worthy of this prestigious accolade."
Located in the heart of Kyoto and adjacent to the UNESCO-listed Nijo-Castle, HOTEL THE MITSUI KYOTO is an enriching and inspiring sanctuary that celebrates and honors ancient Japanese traditions through architecture, design, art and culture. HOTEL THE MITSUI KYOTO was built upon a 250-year-old historic site that was once the home of the executive branch of Mitsui Family, which recently debuted with 161 refined and sophisticated guest rooms and suites that reflect the tranquility of its surroundings in one of the world's most enchanting and enriching destinations.
Forbes Travel Guide is recognized for creating the original concept of Five-Star service, naming only most deserving properties to its illustrious annual Star Rating list. The full list of Forbes Travel Guide's 2022 Star Ratings can be found at ForbesTravelGuide.com.
For more information about HOTEL THE MITSUI KYOTO, visit www.hotelthemitsui.com.
HOTEL THE MITSUI KYOTO is the first of the HOTEL THE MITSUI brand of iconic, ultra-luxury properties, designed to embody and reflect the harmony between the natural environment, the four seasons and the five senses. Located in the heart of Kyoto, adjacent to the legendary Nijo-jo Castle, a UNESCO world heritage site, HOTEL THE MITSUI KYOTO is an idyllic sanctuary that honors ancient Japanese traditions and embodies the legacy and spirit of Kyoto. The award-winning hotel is built on a 250-year-old historic site that was once the home of the executive branch of Mitsui Family, carefully designed to reflect a luxurious ambiance of refined sophistication.
HOTEL THE MITSUI KYOTO's entrance, lobby and lounge, courtyard water table, expansive garden and buildings are all integrated into a space that truly embodies the spirit of 'teioku ichinyo,' an ancient Japanese design concept where garden and buildings are balanced and in beautiful harmony. Guests are first welcomed by the majestic 300-year-old Kajiimiya Gate, which was originally owned by the Mitsui family. At the heart of the hotel is a lush 14,000 sq. ft. courtyard garden, surrounded by multiple restaurant and bar facilities, including TOKI (Innovative Cuisine)/YUI (Japanese cuisine), FORNI (Italian cuisine) and THE GARDEN BAR (bar and lounge), and the SHIKI-NO-MA, a modern reproduction fashioned from Japanese cypress, of the okushoin study of the former Mitsui family residence that once stood on this site. The Thermal Spring SPA, which utilizes natural onsen hot spring water drawn from under the hotel property, offers the ultimate in healing and relaxation in a tranquil space. HOTEL THE MITSUI KYOTO also offers guests exclusive access to unique cultural experiences, including a seated-style tea ceremony hosted by a hotel Ambassador at the hotel's CHAKYO Tea Ceremony space, in-house art tours and wellness breathing exercises at SHIKI-NO-MA, in addition to local experiences such as taking tea at the Shimogamo Villa, a property formerly owned by the Mitsui family, and experiencing the finest quality kimono in Japan, in collaboration with HOSOO, a 400-year-old family-run business with its roots in the historical kimono-making district of Nishijin.
Intimate and personal, enchanting and enriching, HOTEL THE MITSUI KYOTO is an awe-inspiring feast for the spirit and the senses and a cultural gateway to discover everything Kyoto has to offer.
For further information, please visit www.hotelthemitsui.com.
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SOURCE HOTEL THE MITSUI KYOTO | https://www.kxii.com/prnewswire/2022/04/26/hotel-mitsui-kyoto-achieves-prestigious-five-star-designation-by-forbes-travel-guide/ | 2022-04-26T19:59:36Z |
The companies set out to advance Bobacino's technology and shape the future of the industry
EL SEGUNDO, Calif., July 28, 2022 /PRNewswire/ -- Today, Bobacino – a startup developing fully automated, small footprint boba shops – announced a new R&D partnership with Boba Guys – a San Francisco-based chain of Boba cafes offering delicious milk tea drinks and snacks – to accelerate the development of Bobacino's technology and explore future collaboration opportunities.
"Boba Guys believes that progress and innovation is often at the edges of technology, and we can think of no better partner to explore automation with than Bobacino," said Bin Chen, co-founder of Boba Guys. "The tools and technology that Bobacino provides will create something entirely new and open up markets and opportunities for the whole boba industry."
Through the partnership, Boba Guys will act as strategic advisors to Bobacino, with the goal of shaping the future of the boba industry, as well as how cafes will look and function for many years to come.
"We are extremely excited to partner with Boba Guys, a brand with a strong commitment to quality - not only in its product, but also in its service," said Darian Ahler, Chief Executive Officer of Bobacino. "As the boba market continues to quickly expand, we look forward to furthering the sector and making the boba experience even better than it is today."
Bobacino continues to see traction with investors in its crowdfunding campaign, which is currently underway on WAX. The platform gives more everyday investors an opportunity to capitalize on the global boba tea market – which is projected to exceed $4.3 billion by 2028. – invest now.
About Bobacino
Bobacino brings the unique boba tea experience to a growing audience of boba aficionados and new enthusiasts through advanced artificial intelligence, automation and robotics. Made with fresh ingredients and offering customizable and flavorful options, Bobacino delivers a memorable boba experience at first pour. With every trip to Bobacino's fully automated boba tea bar, customers get a beverage crafted to their liking, without exposure to contamination. Bobacino is backed by Wavemaker Partners, a global venture capital fund with $600M AUM, and Wavemaker Labs, an automation-focused venture studio, and Embark Ventures, a venture capital firm in Los Angeles with a strong focus on AI and Robotics. For more information, visit www.bobacino.co.
About Boba Guys
Boba Guys are on a mission to bridge cultures and change the way people think about boba and tea. Co-founders Andrew Chau and Bin Chen established Boba Guys in 2011 and the chain now has 24 locations in the U.S. and growing. They are a pioneer in the boba industry, having written a best-selling book The Boba Book, built a first-of-its kind boba factory, US Boba Co, and elevated what was once a popular drink in Asia to the mainstream phenomenon in the United States through brand partnerships and collaborations including Care Bears and 88rising. To learn more, visit bobaguys.com.
Bobacino Press Contact
Joey Telucci, Golin
(650) 291-0086
jtelucci@golin.com
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SOURCE Wavemaker Labs | https://www.mysuncoast.com/prnewswire/2022/07/28/bobacino-announces-strategic-rampd-partnership-with-boba-guys-accelerate-development-fully-automated-robotic-boba-shops/ | 2022-07-28T12:38:44Z |
K-State’s Ayoka Lee to undergo season-ending knee surgery
MANHATTAN, Kan. (WIBW) - Kansas State’s Ayoka Lee will not be hitting the court for the 2022-23 season, as the program announced on Thursday that the senior center will undergo season-ending knee surgery.
Lee says she will remain on the sidelines as a leader this season, and will be back in action with the Wildcats for the 2023-24 season while earning her graduate degree.
“Although my role will be different, I am confident in what we will accomplish as a team this year. There is no other team, coaches or support staff I would want to work through this with,” said Lee.
Lee was the second player in K-State women’s basketball history to be named to the CoSIDA Academic All-America First Team, and the second to receive All-America honors twice in her career.
She was also the only player in NCAA Division I women’s basketball this past season to record 725 or more points, 325 or more rebounds and 90 or more blocks.
She averaged 22 points per game and made nearly 300 field goals, setting the single-season school record in both categories.
Lee was the first player in program history to average a double-double in at least two seasons, doing so in both her freshman and junior seasons.
“I am devastated for Yokie,” said head coach Jeff Mittie. “She has battled this knee injury for two years. We were hopeful with a summer procedure and extended rest, she would be able to play this upcoming season. Unfortunately, after meeting with the medical staff the last couple of days she will require season-ending surgery. We will support Yokie through her recovery and rehab and look forward to her returning to the court for the 2023-24 season.”
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/08/25/k-states-ayoka-lee-undergo-season-ending-knee-surgery/ | 2022-08-25T21:34:45Z |
Stars on Ice back after pandemic with Olympic, world champs
By BARRY WILNER
AP Sports Writer
When Stars on Ice, uh, hits the ice Friday night in Estero, Florida, it will be for the first time in two years. Spicing up the tour: an Olympic gold medalist and two world champions. The 24-city tour was idled by the COVID-19 pandemic, but it returns with Beijing winner Nathan Chen and pairs world champs Alexa Knierim and Brandon Frazier in the cast. The skaters are as eager to entertain as figure skating fans are eager to watch. | https://localnews8.com/sports/ap-national-sports/2022/04/14/stars-on-ice-back-after-pandemic-with-olympic-world-champs/ | 2022-04-14T11:12:34Z |
- Ikdeep Singh is a transformative, and purpose-driven leader who brings over 20 years of global CPG experience to the role
- He will oversee one of the largest businesses at Mars including 30+ brands
- The portfolio features some of the world's largest pet food brands
FRANKLIN, Tenn., June 13, 2022 /PRNewswire/ -- Mars, Incorporated announced today that Ikdeep Singh has been named as the new Global President for its Pet Nutrition business. The role also sees Ikdeep become a member of Mars Petcare's global leadership team.
Ikdeep will be responsible for some of the world's largest pet food brands including PEDIGREE®, WHISKAS®, SHEBA® and CESAR®. He is tasked with leading the strategy for growing the portfolio in over 50 global markets, ensuring access to quality nutrition for the almost-400 million pets the Pet Nutrition business serves.
He will oversee a high-performing team of over 18,000 Associates (employees) around the world, all joined by Mars Petcare's Purpose: A Better World for Pets.
Ikdeep joined Mars in August 2020 as Pet Nutrition's Regional President for North America – the largest market for the Pet Nutrition business. Under his leadership, the business saw its largest growth momentum thanks to a focus on digital transformation, prioritizing innovation and leveraging data. He put significant importance on supporting Associates with a diverse, inclusive work culture, and building strategic partnerships with key customers.
Poul Weihrauch, President, Mars Petcare, said: "Ikdeep Singh has established himself as a strong, well-respected leader. He brings a wealth of global experience to the role and has a clear focus on our people and Purpose: A Better World for Pets."
Ikdeep Singh, Global President, Mars Pet Nutrition, said: "It's an honor to take on this role leading this iconic business for some of the world's most-loved brands. I am inspired by our Purpose, and am delighted to be working alongside talented Associates, customers and partners to bring this to life."
Prior to joining Mars, Ikdeep spent six years at the L'Oréal Group, where he served as President working across Consumer Products and Luxury divisions in North America. Before that Ikdeep spent 14 years at Procter and Gamble.
Ikdeep brings a truly global perspective to the leadership role – having lived in six countries (including USA and China), and is fluent in six languages. He holds a bachelor's degree in Industrial Engineering from Dalhousie University, Canada and an MBA from The Wharton School at The University of Pennsylvania.
About Mars Petcare:
At Mars Petcare we have one purpose: A BETTER WORLD FOR PETS™. Through comprehensive veterinary care, nutrition, breakthrough programmes in diagnostics, wearable health monitoring, DNA testing and pet welfare we help pets thrive in more than 130 countries. For decades we've supported research into the incredible science of human animal interaction at the Waltham Petcare Science Institute where scientists discover important advances in pet health and wellness. Mars Petcare is part of Mars, Incorporated, a global, family-owned business with a focus on becoming Sustainable in a Generation, reflective of the many pets and communities we serve. Follow us on Instagram and LinkedIn.
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SOURCE Mars Petcare | https://www.kxii.com/prnewswire/2022/06/13/mars-incorporated-announces-ikdeep-singh-lead-global-pet-nutrition-business/ | 2022-06-13T15:29:37Z |
NEW YORK, April 23, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Gatos Silver, Inc. (NYSE: GATO): (a) pursuant and/or traceable to the Registration Statement issued in connection with the Company's initial public offering (the "IPO" or "Offering") conducted on or about October 28, 2020; and/or (b) between October 28, 2020 and January 25, 2022, inclusive (the "Class Period"), of the important April 25, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Gatos Silver securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Gatos Silver class action, go to https://rosenlegal.com/submit-form/?case_id=3100 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 25, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants failed to disclose to investors that: (1) the technical report for Gatos Silver's primary mine, the Cerro Los Gatos deposit, contained certain errors; (2) among other things, the mineral reserves had been overestimated by as much as 50%; and (3) as a result of the foregoing, defendants' positive statements about Gatos Silver's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Gatos Silver class action, go to https://rosenlegal.com/submit-form/?case_id=3100 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.wibw.com/prnewswire/2022/04/23/gato-monday-deadline-rosen-leading-law-firm-encourages-gatos-silver-inc-investors-with-losses-secure-counsel-before-important-april-25-deadline-securities-class-action-gato/ | 2022-04-23T18:32:47Z |
The midterms will decide the future of the January 6 investigation. Here’s how the race for the House looks today
By Simone Pathe, CNN
The House committee investigating the January 6, 2021, insurrection at the US Capitol is racing against a political clock to get to the bottom of what happened that day, and in the lead-up to the attack.
While two Republicans sit on the nine-member panel, it’s a committee created by a Democratic-controlled House that GOP leadership has tried to discredit. One of those Republican panelists, Rep. Liz Cheney of Wyoming, is facing a primary challenger backed by former President Donald Trump. The other, Rep. Adam Kinzinger of Illinois, is not running for reelection. And the January 6 committee itself is likely to be disbanded if Republicans win back the House in November.
So how likely are Republicans to win this fall? Historically, very likely. The party in the White House traditionally loses seats in the first midterm election of a new president’s term. In fact, the president’s party has lost an average of 30 House seats in midterm elections over the last 100 years, according to Inside Elections with Nathan L. Gonzales. Republicans only need a net gain of five seats to win the chamber this year.
A reminder: A net gain of five seats is not the same thing as winning five seats. A party needs at least 218 seats to win control of the House. While Republicans are trying to flip seats this year, so are the Democrats — so any GOP wins will have to be offset by any losses they incur.
That said, losses are not a huge concern for Republicans right now. Given the historical trends working in their favor and the fact that President Joe Biden‘s approval rating is 40% in the latest CNN average of national polls, the national environment seems to be working in their favor. And the uptick in retirement announcements by several longtime Democratic incumbents in recent months is a telling sign they weren’t looking forward to serving in the minority.
But it’s not all bad news for Democrats. The House map is not as favorable to Republicans as the majority party feared it could have been. The once-a-decade redistricting process is nearly complete (except for a handful of states), which has resulted in new congressional lines that Democrats think give them a shot at holding their majority.
Overall, the biggest takeaway from redistricting is that the number of competitive House seats has shrunk, which means that in most states, primaries — rather than general election contests — will be the main event.
Several states are hosting member-on-member primaries, in which two incumbents are running in the same district, either because their state lost a seat in redistricting or they were drawn into the same seat for partisan reasons. While those races can provide plenty of intraparty drama — and in some cases, a test of Trump’s enduring influence over the GOP — they’re mostly not expected to have any effect on the general election. In West Virginia, for example, two Republican incumbents — one who objected to certifying the 2020 presidential election and one who did not — are facing off in a heavily Republican district. Regardless of who wins the May primary, the seat is highly unlikely to fall into Democratic hands in November.
Some states hold open primaries — in which candidates from all parties run on the same primary ballot with the top two or four candidates advancing to the general election. One of those states is Alaska, where former governor and 2008 GOP vice presidential nominee Sarah Palin is running in a special election for the state’s at-large seat left vacant by the death last month of Republican Rep. Don Young. Barring any primary surprises, Republicans are expected to hold this seat.
Just 61 House races (out of 435) are currently rated as competitive by Inside Elections. Of those, only 16 are rated as Toss-up races — seven seats held by Republicans, eight held by Democrats and one new seat in Colorado.
A smaller landscape of competitive races means Republicans will be reaching deeper into Democratic territory to look for pickup opportunities. On Wednesday, for example, the National Republican Congressional Committee, the campaign arm of the House GOP, expanded its list of targets to 72 Democratic-held or newly created seats, including districts that now-President Joe Biden carried by double digits in 2020. Of course, these target lists evolve over time and don’t necessarily reflect where money ends up getting spent.
On the same day as the NRCC announcement, House Majority PAC — the leading Democratic super PAC focused on House races — publicized TV and digital advertising reservations of more than $100 million across 50 media markets. That’s nearly double the amount the group made in initial reservations in 2020.
Republican opportunities
A top focus for Republicans is sure to be the Democratic-held seats that Trump won in 2020. That includes districts represented by Reps. Jared Golden of Maine, Cindy Axne of Iowa and Matt Cartwright of Pennsylvania, all of whom are in for tough races this fall.
But the majority of the NRCC’s targets are seats that Biden won. That goes to show just how few “crossover” districts — those that voted one way for president but backed a US House representative of a different party — are left for Republicans to try to flip.
Increasingly nationalized and partisan elections have done away with the likes of former Minnesota Rep. Collin Peterson, a Democrat whose district voted for Trump by the biggest margin — 30 points — in 2016. But after narrowly holding on to his sprawling, rural district in 2018, the chairman of the House Agriculture Committee went down in 2020.
Republicans were encouraged by their gains with Hispanic voters in 2020 and hope that trend continues this year, especially in places such as Texas’ Rio Grande Valley, where several House seats are in play.
They’re also hoping they may be able to make a play for some of the traditionally GOP-leaning suburban districts that moved away from them during the Trump era.
Democratic retirements have also set up a few enticing pickup opportunities for Republicans. Retiring Illinois Rep. Cheri Bustos, the former chair of the Democratic Congressional Campaign Committee, has often touted her success in a Trump-voting district. Pennsylvania Rep. Conor Lamb, who is running for Senate, talks up his record of winning in Trump country. But both are leaving behind seats that will see competitive races, according to Inside Elections.
Democrats on defense
Democrats hoping to maintain their House majority need to defend the seats they have, while also looking to pick up a few more to help offset the inevitable losses they’re likely to incur in a midterm year with their party holding full control of Washington (the White House, Senate and House).
House Democrats’ top defensive holds are incumbents the DCCC calls “Frontline” members. Many of these incumbents have had tough races before, and some of their districts became more favorable in redistricting, although perhaps not enough to ensure a comfortable reelection in a difficult national environment.
Golden, a two-term incumbent from Maine, for example, has a history of overperforming the top of the ticket. His district’s White working-class voters twice backed Trump, while Golden won reelection in 2020 by 6 points. But even if he’s bucked the national Democratic Party on certain major votes in Washington, he’s still in for a tough race, potentially facing off against a better-funded and more organized opponent than he did two years ago. Former GOP Rep. Bruce Poliquin, whom Golden unseated in 2018 under Maine’s ranked-choice voting system, is running again. Inside Elections rates the race a Toss-up.
Many of the DCCC’s Frontliners who won in 2018 — when Democrats flipped the House during Trump’s presidency — are used to raising huge sums of money. They set new quarterly records for hauls in the millions that put even some Senate candidates to shame. But not all Democrats who potentially face competitive races this year after redistricting are accustomed to that level of campaigning. Two longtime incumbents, Reps. Sanford Bishop of Georgia and Marcy Kaptur of Ohio, haven’t faced competitive elections in years.
Democrats believe they can remain competitive in the suburbs, which soured on Republicans under Trump. Still, Trump is not in office or on the ballot, which will be a test of whether Democrats can sustain base voter enthusiasm without him.
Democrats are also eyeing pickup opportunities, especially in GOP-held seats that Biden won. That includes a handful of districts in California and New York, although there’s new uncertainty over the district lines in the Empire State after a judge blocked the Democratic-drawn map on Thursday.
And even if Trump isn’t on the ballot this year, he’s proving he still wants to be a force in GOP politics. For Democrats, that’s good news if he helps drive GOP candidates to the right in getting through primaries for competitive seats. In Michigan, for example, he’s backing a primary challenger to freshman Rep. Peter Meijer, who voted to impeach Trump, in a district that could be harder for Republicans to hold without the incumbent.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/04/03/the-midterms-will-decide-the-future-of-the-january-6-investigation-heres-how-the-race-for-the-house-looks-today/ | 2022-04-03T11:15:59Z |
Less than 15% of Shares Outstanding Supported Aviat's Director Nominees
Excluding Aviat's Stake, Less Than 10% of Shares Outstanding Supported Aviat's Director Nominees
ROSH HA'AYIN, Israel, Aug. 23, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT) (the "Company", "Ceragon", "we", "us", or "our"), a global innovator and leading solutions provider of 5G wireless transport, today announced that shareholders have overwhelmingly rejected ALL proposals set forth by Aviat Networks, Inc. (NASDAQ: AVNW) at the Company's 2022 Extraordinary General Meeting ("EGM").
Ceragon issued the following statement:
We appreciate the significant support that our Board received from our shareholders. While preparing for the EGM, we have had the opportunity to speak directly with many of our shareholders to discuss Aviat's indication of interest as well as Ceragon's strategy and performance. We are pleased that our shareholders rejected Aviat's attempts to take control of our Board. We believe Ceragon has significant business momentum and upside, and we look forward to putting this proxy contest behind us. As we indicated many times, our Board is focused on maximizing value for all shareholders and remains open to any potential transaction that delivers full, fair and certain value to Ceragon shareholders including a combination with Aviat.
At the EGM, at least ~80% of the shares cast on the Company's white proxy card voted AGAINST ALL of Aviat's proposals, and more than 90% voted against most of Aviat's proposals. While the gold proxy card has no legal basis, even combined results, of both the white and gold proxy cards, show that at least ~63% of the shares cast voted AGAINST ALL of Aviat's proposals, and ~75% voted against most of Aviat's proposals. We would also note that Aviat's director nominees received support from less than 15% of total shares outstanding, and less than 10% of total shares outstanding excluding Aviat's stake, on both cards combined.
Today's outcome reinforces that Ceragon shareholders recognize that Aviat's indication of interest significantly undervalues Ceragon and that Aviat's attempts to take control of the Ceragon Board are not in the best interest of Ceragon shareholders.
Evercore is serving as financial advisor and Shibolet & Co. and Latham & Watkins LLP are serving as legal advisors to Ceragon.
About Ceragon Networks
Ceragon Networks Ltd. (NASDAQ: CRNT) is the global innovator and leading solutions provider of 5G wireless transport. We help operators and other service providers worldwide increase operational efficiency and enhance end customers' quality of experience with innovative wireless backhaul and fronthaul solutions. Our customers include service providers, public safety organizations, government agencies and utility companies, which use our solutions to deliver 5G & 4G broadband wireless connectivity, mission-critical multimedia services, stabilized communications, and other applications at high reliability and speed.
Ceragon's unique multicore technology and disaggregated approach to wireless transport provides highly reliable, fast to deploy, high-capacity wireless transport for 5G and 4G networks with minimal use of spectrum, power, real estate, and labor resources. It enables increased productivity, as well as simple and quick network modernization, positioning Ceragon as a leading solutions provider for the 5G era. We deliver a complete portfolio of turnkey end-to-end AI-based managed and professional services that ensure efficient network rollout and optimization to achieve the highest value for our customers. Our solutions are deployed by more than 400 service providers, as well as more than 800 private network owners, in more than 150 countries. For more information please visit: www.ceragon.com
Ceragon Networks® and FibeAir® are registered trademarks of Ceragon Networks Ltd. in the United States and other countries. CERAGON ® is a trademark of Ceragon Networks Ltd., registered in various countries. Other names mentioned are owned by their respective holders.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This document contains statements that constitute "forward-looking statements" within the meaning of the Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Ceragon's management about Ceragon's business, financial condition, results of operations, micro and macro market trends and other issues addressed or reflected therein. Examples of forward-looking statements include, but are not limited to, statements regarding: projections of demand, revenues, net income, gross margin, capital expenditures and liquidity, competitive pressures, order timing, supply chain and shipping, components availability, growth prospects, product development, financial resources, cost savings and other financial and market matters. You may identify these and other forward-looking statements by the use of words such as "may", "plans", "anticipates", "believes", "estimates", "targets", "expects", "intends", "potential" or the negative of such terms, or other comparable terminology, although not all forward-looking statements contain these identifying words.
Although we believe that the projections reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations therefrom will not be material. Such forward-looking statements involve known and unknown risks and uncertainties that may cause Ceragon's future results or performance to differ materially from those anticipated, expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, any ongoing actions taken and future actions that may be taken by Aviat Networks Inc. or other stockholders or others; the continuing impact of the components shortage due to the global shortage in semiconductors, chipsets, components and other commodities, on our supply chain, manufacturing capacity and ability to timely deliver our products, which have caused, and could continue to cause delays in deliveries of our products and in the deployment of projects by our customers, risk of penalties and orders cancellation created thereby, as well as profit erosion due to constant price increase, payment of expedite fees and costs of inventory pre-ordering and procurement acceleration of such inventory, and the risk of becoming a deadstock if not consumed; the continued effect of the global increase in shipping costs and decrease in shipping slots availability on us, our supply chain and customers, which have resulted, and may continue to result in, price erosion, late deliveries and the risk of penalties and orders cancellation due to late deliveries; the impact of the transition to 5G technologies on our revenues if such transition is developed differently than we anticipated; the risks relating to the concentration of a major portion of our business on large mobile operators around the world from which we derive a significant portion of our ordering, that due to their relative effect on the overall ordering coupled with inconsistent ordering pattern and volume of business directed to us, creates high volatility with respect to our financial results and results of operations; the effect of the competition from other wireless transport equipment providers and from other communication solutions that compete with our high-capacity point-to-point wireless products; the continued effect of the COVID-19 pandemic on the global economy and markets and on us and on the markets in which we operate and our and our customers, providers, business partners and contractors business and operations; the risks relating to increased breaches of network or information technology security along with increase in cyber-attack activities, growing cyber-crime threats, and changes in privacy and data protection laws, that could have an adverse effect on our business; risks associated with any failure to meet our product development timetable, including delay in the commercialization of our new chipset; imposition of additional sanctions and global trade limitations in connection with Russia's invasion to Ukraine, the effects of general economic conditions and trends on the global and local markets in which we operate and such other risks, uncertainties and other factors that could affect our results, as further detailed in Ceragon's most recent Annual Report on Form 20-F and in Ceragon's other filings with the Securities and Exchange Commission.
Such forward-looking statements, including the risks, uncertainties and other factors that could affect our results, represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. Such forward-looking statements do not purport to be predictions of future events or results and there can be no assurance that it will prove to be accurate. Ceragon may elect to update these forward-looking statements at some point in the future but the company specifically disclaims any obligation to do so except as may be required by law.
Ceragon's public filings are available on the Securities and Exchange Commission's website at www.sec.gov and may also be obtained from Ceragon's website at www.ceragon.com.
Ceragon Investor & Media Contact:
Maya Lustig
Ceragon Networks
Tel. +972-54-677-8100
mayal@ceragon.com
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SOURCE Ceragon Networks Ltd. | https://www.mysuncoast.com/prnewswire/2022/08/23/ceragon-shareholders-overwhelmingly-reject-aviats-attempt-take-control-company-by-voting-against-all-aviats-proposals-2022-extraordinary-general-meeting/ | 2022-08-23T20:40:53Z |
SINGAPORE, July 17, 2022 /PRNewswire/ --
Reliability is always one of the key success factors to gain customer satisfaction in microphone products which will be equipped and used in various environmental conditions. There are frequent challenges and risk to damage microphone physically or degrade the acoustic performance in the process of MEMS microphone' mass production and its final assembly of end products. For example, dust obstacle, oil stain, electrostatic discharge damage in the machine or accidentally by humans, and material defects due to thermal cycle during the reflow soldering . Therefore, the robustness is always Fortemedia's quality target regardless of users' misuse or careless operating for its MEMS microphone solution. With professionally persistent efforts in design, validation, characterization, and quality assurance in manufacturing , Fortemedia's microphone solution composed of the IC and MEMS sensor insides passes the following stringent reliability test in the industry:
- HTOL (High Temperature Operating Life)
- LTOL (Low Temperature Operating Life)
- HAST (Temperature with Humidity with Bias)
- Drop Test
- Mechanical Shock Test
- Vibration Test
- Accelerated Life Test
- Air Pressure Test
Air Pressure Requirement:
Regarding air pressure immunity, Fortemedia has launched MEMS microphone solution that can achieve the harshest requirements of air pressure in field. Packaged in 2.75x1.85x0.90mm3 microphone footprint & 0.25mm aperture, Fortemedia's microphone IC, FL216C and MEMS sensor, TMS02BD has passed tier-one customer's air pressure test conditions, making Fortemedia the pioneer vendor upon global OEM's high-standard acceptance. Other than passing air pressure requirement, Fortemedia's microphone solution also passed industrial stringent reliability test. Besides that, Fortemedia's IC and MEMS sensor also provide the tight variation of phase matching and sensitivity matching, facilitating Fortemedia's voice processing in performance, quality and consistence.
Fortemedia iSAM Business Model:
As audio technology and voice-controlled devices have become more ubiquitous, more applications are adopting higher performance MEMS (Micro-Electro Mechanical Systems) microphones which use acoustic sensors made on semiconductor production with silicon wafers. This technology enables smaller microphones with better sensitivity and clear sound quality. Fortemedia's new technology: iSAM® business model combines software algorithm and array microphone to imitate the human brain and ears, enabling microphones with smart computing algorithm in this artificial intelligence era.
Fortemedia MEMS Sensor Technology:
Fortemedia has been exploring the MEMS microphone sensor technology since 2017 and has sold more than 1000 million units, ranking among the top 3 in microphone sensor and ASIC design. Fortemedia's microphone sensor and ASIC meet the reliability requirement of international customers, such as top smartphone and notebook brands, as well as global mobile operators. This year (2022), Fortemedia aims to penetrate into global smartphone makers with its latest MEMS sensor, TMS02 series pairing with its own ASIC, fitting into tiny microphone footprint down to 2.75 x 1.85 x 0.90mm3, combing high performance and reliability.
About Fortemedia Inc.
Fortemedia Inc. is a global company with operators and office in Asia that focuses on developing high quality solutions and semiconductor products to enhance human-to-human and human-to-machine voice communication quality and efficiencies.
As a technology leader, Fortemedia's ASIC devices and solutions with advances voice processing technologies, SAM (Smart Array Microphone), SAMSoft®, and ForteVoice®, have all been widely deploying in numerous commercial systems, devices and applications for better user experience in voice communication. Fortemedia is well-positioned to fulfill customer and market needs in mobile (smartphone and tablet), automotive (in-vehicle infotainment system), PC (VoIP communication), and wearables with its wide range of product offering in software, DSP IC, and small array microphone. Learn more at www.fortemedia.com .
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SOURCE Fortemedia Singapore PTE. LTD. | https://www.wibw.com/prnewswire/2022/07/18/fortemedia-launches-cutting-edge-mems-microphone-solution-which-meets-stringent-air-pressure-requirements-accepted-by-worldwide-tier-one-customers/ | 2022-07-18T00:50:36Z |
RICHARDSON, Texas (KDAF) — Festival organizers call it ‘one of the most prestigious fine arts festivals in the United States.’
The Richardson Cottonwood Art Festival is coming back from May 7 to May 8. Visit the more than 200 artist exhibits chosen from about 1,400 submissions. For a full list of artists set to be featured at the festival click here.
It’s not just art that is drawing people to this festival of fun. This is Texas, so of course, there will be food. Officials say there will be everything from barbeque to southern cooking to espresso.
And if you got kiddos at home, bring them along. This event is family-friendly and has plenty of child-friendly events so everyone gets something out of this festival.
For more information on the event, click here. | https://cw33.com/lifestyle/explore-more-than-200-artist-exhibits-at-the-richardson-cottonwood-art-festival-in-may/ | 2022-04-12T23:54:55Z |
Texas’ youth prison system urgently needs money to crawl out of its growing crisis, in which children are at times locked in cells 23 hours a day and nearly half of detained youth have been on suicide watch, the agency’s director told lawmakers Tuesday.
The Texas Juvenile Justice Department — currently under federal investigation for an alleged pattern of abuse and mistreatment — is severely understaffed, with agency officials saying last month it is nearing systemic collapse. After The Texas Tribune reported last week on dire conditions inside the state’s five youth prisons, the Texas House Juvenile Justice and Family Issues Committee looked for possible solutions at a legislative hearing.
“I think we can all agree this is cruel and unusual,” said state Rep. James Talarico, D-Round Rock, citing reports of children using water bottles as makeshift toilets while stuck in their cells and routinely hurting themselves to get attention from staff. “Is there anything between now and next [legislative] session that’s going to solve this?”
Talarico and 33 other House Democrats sent Gov. Greg Abbott a letter Monday asking him to bring lawmakers together immediately in a special legislative session to address the emergency. Abbott’s office did not immediately respond to questions about the letter Tuesday.
TJJD sounded the alarm last month, when interim director Shandra Carter stopped accepting newly sentenced kids from county detention centers. The agency can’t guarantee the safety of the fewer than 600 youth already in its care, she said, because it can’t keep people on the job. Last year, the turnover rate for detention officers hit more than 70%, and most new hires quit within six months.
As of Tuesday, more than 160 children were waiting to be transferred from also understaffed county detention centers to the state’s five juvenile prisons, Carter told the committee. For many children, the wait, which in some cases has been as long as three months, means more time in lockup since they are unable to begin and complete required programming.
“At the rate that I am recruiting and retaining staff, that waitlist will continue to grow,” Carter told the committee. “With what we have in front of us, I think a further increase would help us stabilize quicker and absorb that waitlist.”
Last month, TJJD was able to make permanent an emergency 15% raise for officers by postponing reentry programs and using savings from unfilled positions. Carter said Tuesday the new pay, bringing starting salaries up to $41,700, has shown promise, with more people applying for jobs. She said money isn’t the only solution to the department’s chronic problems, but it is the necessary first step.
“Our exit interviews are really clear. It’s overwhelmingly pay and difficulty of the work is the reason that people are leaving, and this prevents us from stabilizing,” Carter told lawmakers. “I can’t even guarantee they’re going to get a bathroom break on their shift.”
A spokesperson for Abbott, who alone can call lawmakers to the Texas Capitol outside of regular legislative sessions every two years, said last week that he will support TJJD’s request to increase salaries next session. The legislative session begins in January, and any budget decisions would largely not take effect until next September.
Talarico said more immediate action is needed.
In his Monday letter, he said a special legislative session must include measures to close “failed facilities” and restore and increase funding for anti-violence and rehabilitation programs. He also called for salary increases, prioritizing diverting children from incarceration, and providing alternatives for children in suicidal crises or with other mental health emergencies.
“Waiting until the next session is a death sentence for incarcerated children,” the letter read.
Juvenile justice advocates have long urged closing state prisons and instead putting necessary mental health and rehabilitative resources into local communities. Others have proposed building smaller facilities closer to urban centers, which have larger labor pools than the rural areas where most prisons are located.
For state Rep. Gene Wu, a Houston Democrat who has long worked in juvenile justice, frustration with the state’s juvenile justice system comes from “getting the same answers and dealing with the same issues again and again and again, and there never seems to be any resolution.”
TJJD has been plagued by sexual abuse and mistreatment scandals for more than a decade. In recent years, counties have shifted more toward keeping children closer to home and sending fewer to the state prisons, shrinking the population from thousands to fewer than 600. But the ones left often are the most difficult to manage because of violent behavior, severe mental health needs or both.
Aside from funding, Wu on Tuesday pushed for sending even fewer kids to state facilities. A juvenile must have been found to have committed a felony to go to TJJD, but Wu said many smaller counties still send children to state prisons for low-level, nonviolent felonies.
While the majority of new admissions to TJJD last year were for violent offenses, 10% were for unauthorized use of a vehicle or possession of a controlled substance, according to data from Texas Appleseed, a social justice advocacy organization.
“Maybe we should … talk about not sending state jail felonies to TJJD,” he said in the hearing. “It seems like joyriding in a car seems like a bad offense to be sent to a state prison.”
This story was first published at www.texastribune.org by The Texas Tribune. This story has been edited for length. The Texas Tribune is a nonpartisan, nonprofit media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues. | https://www.tdtnews.com/news/article_44804bc6-1908-11ed-952d-37b3abca0d04.html | 2022-08-11T01:56:33Z |
CAMPBELL, Calif., July 14, 2022 /PRNewswire/ -- Stave Inc. today announced an integration with ServiceNow. Made possible by Stave Inc., this technology integration for Amazon Business, brings together one of the world's largest service and automation platforms and one of the world's largest online product catalogs to enable next-generation procurement and is available today in the ServiceNow® Store.
"Stave's Procurement Punchout for Amazon Business brings a quick, efficient, and predictable business purchasing solution to your distributed workforce," says Mark Buscaglia, CTO at Stave, Inc. According to Greg Clock, Stave CEO, "Stave's new Procurement Punchout for Amazon Business on ServiceNow connects the vast catalog from Amazon Business with ServiceNow's impressive automation capabilities, providing incredible purchasing power to the business, while also improving financial controls, enterprise-wide reporting, and audit capabilities."
Stave's Procurement Punchout for Amazon Business, on ServiceNow, allows individuals to access the Amazon Business catalog to search, procure, and track orders from directly within the ServiceNow Platform. Organizations set procurement parameters to ensure a controlled and compliant business asset procure-to-audit lifecycle, and leverage ServiceNow workflows; reporting and common services data model can be used to close the gap between distributed purchasing and corporate asset data.
Stave's Punch-Out solution brings the following capabilities onto the ServiceNow Platform:
- Amazon Business Search and Purchasing Experience
- Purchase Order creation and submission
- Invoice creation and submission
- Automated Invoice-to-Purchase Order Correlation
- Shipping/ Tracking Notifications
- Role-Based Access and Controls
- Purchase Lifecycle Workflow and Approvals
By working with Amazon Business, Stave is transforming the way enterprises provide business resources to their distributed workforce via ServiceNow. This innovative purchasing solution meets the new work-from-anywhere workforce demand while automating processes, integrating data, and enabling fiscal compliance.
Stave is proud and excited to enable your organization's evolving workforce with a transformational purchasing solution.
Amazon Business Punch-Out for ServiceNow will be available starting July 1, 2022. For more information on Amazon Business Punch-Out for ServiceNow, please visit https://store.servicenow.com/sn_appstore_store.do#!/store/application/23cd3c9fdba1a4d094ea6693ca9619ce/1.1.0?sl=sh
Stave extends the ServiceNow Platform to help maximize your investment. Following the Common Services Data Model, Stave enables your Digital Transformation on ServiceNow with solutions for Procurement, Asset Management, Cyber Management, and Decision Management.
ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc.
CONTACT:
Greg Clock
greg.clock@stavecorp.com
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SOURCE Staveapps | https://www.wibw.com/prnewswire/2022/07/14/stave-integrates-with-servicenow-provide-joint-corporate-purchasing-solutions-amazon-business/ | 2022-07-14T20:45:01Z |
NextNav Pinnacle software to provide critical z-axis capabilities in mobile phone planned for 2023 release
MCLEAN, Va., Sept. 15, 2022 /PRNewswire/ -- Mobile phone developer Hot Pepper Mobile and NextNav, a leader in next generation GPS, today announced a new agreement that will bring NextNav's Pinnacle vertical location technology to Hot Pepper Mobile's upcoming feature phone on a tier-one carrier's network, scheduled for release in 2023. The partnership will bring z-axis geolocation capabilities, which are increasingly critical for 911 emergency services, search and rescue, and lone worker safety, to an accessible and affordable consumer device. The license will also allow Hot Pepper Mobile to supply phones equipped with z-axis 911 technology to all major wireless US carrier partners.
Traditional 2D location technology is often insufficient or ineffective, particularly in dense, urban areas, which can be especially dangerous in time-sensitive emergency situations. NextNav Pinnacle leads the industry in providing precise, highly secure vertical location data – in independent tests conducted by CTIA to measure z-axis capabilities, Pinnacle delivered "floor-level" accuracy in 94 percent of test calls, a level unrivaled by any other available technology. The Federal Communications Commission (FCC) has required that all wireless carriers deploy these capabilities across the country to ensure accurate, floor-level vertical location data on 911 callers.
"Since Hot Pepper Mobile first released our competitively-priced consumer phones, we've recognized the growing importance of incorporating technology like NextNav Pinnacle to address the US E911 mandate," said Shawn Sun of Hot Pepper Mobile. "We are thrilled to partner with the industry's clear leader, and look forward to our upcoming feature phone release that will provide life-saving vertical location technology to a wide audience of our customers."
"We're excited that with today's announcement, Hot Pepper Mobile's new feature phone will include the z-axis capabilities that help save lives and keep communities safe, and that fulfill the FCC's requirements for carriers," said Dan Hight, Vice President of Business Development and Partnerships at NextNav. "Our partnership will help emergency services respond faster and better to 911 calls made from Hot Pepper Mobile phones, and we look forward to continued success and collaboration as we expand the 3D geolocation ecosystem."
The Pinnacle network delivers precise vertical location in 4,400 cities and towns – covering more than 90% of buildings greater than three stories in the United States. NextNav Pinnacle powers applications across the public safety community to support stronger situational awareness for first responders. Earlier this year, a tier-one wireless carrier selected NextNav Pinnacle to bring z-axis capabilities to wireless 911 phone calls to enhance caller geolocation and emergency response outcomes.
Source: NN-FIN
NextNav Inc. (Nasdaq: NN) is a leader in next generation GPS, enabling a whole new ecosystem of applications and services that rely upon vertical location and resilient geolocation technology. The company's Pinnacle network delivers highly accurate vertical positioning to transform location services, reflecting the 3D world around us and supporting innovative, new capabilities. NextNav's TerraPoiNT network delivers accurate, reliable, and resilient 3D positioning, navigation and timing (PNT) services to support critical infrastructure and other GPS-reliant systems in the absence or failure of GPS.
For more information, please visit https://nextnav.com/ or follow NextNav on Twitter or LinkedIn.
Hot Pepper Mobile is headquartered in San Diego, CA, with additional presence in Kansas City, Kansas, Dallas, Texas, Seattle, Washington, Las Vegas, Nevada, and Morristown, New Jersey. Started by a team of passionate mobile enthusiasts, Hot Pepper Mobile is on a mission to deliver affordable mobile technology for everyday life. Please visit https://www.hotpepperusa.com for more information.
Contact
Gillian Smith
media@nextnav.com
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SOURCE NextNav | https://www.wibw.com/prnewswire/2022/09/15/hot-pepper-mobile-partners-with-nextnav-bring-vertical-location-technology-upcoming-device-tier-one-national-carrier/ | 2022-09-15T13:51:51Z |
ST. PAUL, Minn., Aug. 29, 2022 /PRNewswire/ -- 3M (NYSE: MMM) announced today the final exchange ratio of 6.7713 for its split-off exchange offer to 3M stockholders to exchange their shares of 3M common stock for shares of common stock of Garden SpinCo Corporation ("SpinCo"). The exchange offer is being conducted in connection with the previously announced pending separation of 3M's food safety business and the subsequent merger of SpinCo, a subsidiary of 3M formed to hold the food safety business, with a subsidiary of Neogen Corporation ("Neogen").
For each share of 3M common stock that is validly tendered and accepted for exchange, 3M will deliver approximately 6.7713 shares of SpinCo common stock. Upon completion of the merger, each share of SpinCo common stock will be converted into the right to receive one share of Neogen common stock. As a result, 3M stockholders who tender shares of 3M common stock in the exchange offer will receive approximately 6.7713 shares of Neogen common stock (subject to the receipt of cash in lieu of fractional shares) for each share of 3M common stock accepted for exchange. Because the final exchange ratio is less than the upper limit, the upper limit is not in effect.
The exchange offer is scheduled to expire at 11:59 p.m., New York City time, on August 31, 2022, unless terminated or extended, and the closing of the merger is expected to occur promptly following the consummation of the exchange offer. 3M stockholders may tender or withdraw their shares of 3M common stock until the expiration of the exchange offer by following the procedures described in the exchange offer materials. The closing of the exchange offer and the merger remain subject to the satisfaction or waiver of customary closing conditions, as described in the exchange offer materials.
Based on the final exchange ratio, 3M currently expects to accept for exchange approximately 15,989,536 shares of 3M common stock if the exchange offer is fully subscribed. Because the exchange offer will be subject to proration if the exchange offer is oversubscribed, the number of shares of 3M common stock that 3M accepts in the exchange offer may be less than the number of shares validly tendered by 3M stockholders. If the exchange offer is consummated but not fully subscribed, 3M will distribute the remaining shares of SpinCo common stock on a pro rata basis to 3M stockholders as of 5:00 p.m. Eastern time on August 31, 2022 whose shares of 3M common stock remain outstanding after the completion of the exchange offer. Any 3M stockholder who validly tenders their shares and whose shares are accepted in the exchange offer will have waived and forfeited all of their rights to receive any shares of SpinCo common stock in that pro rata distribution.
For more information about the exchange offer, please contact the information agent, Georgeson LLC, at 1290 Avenue of the Americas, 9th Floor, New York, NY 10104 or at the telephone number 888-607-6511 (toll-free in the United States).
About 3M
At 3M, we apply science in collaborative ways to improve lives daily as our employees connect with customers all around the world. Learn more about 3M's creative solutions to the world's problems at www.3M.com or on Twitter @3M or @3MNews.
3M Media Contact:
Jennifer Ehrlich
(651) 592-0132 or 3Mnews@mmm.com
3M Investor Contact:
Bruce Jermeland
(651) 733-1807
Diane Farrow
(612) 202-2449
Cautionary Note on Forward-Looking Statements
This release includes "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, including statements regarding the proposed transaction between Neogen, 3M and SpinCo. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "forecast," "outlook," "target," "endeavor," "seek," "predict," "intend," "strategy," "plan," "may," "could," "should," "will," "would," "will be," "will continue," "will likely result," or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements, other than historical facts, including, but not limited to, statements regarding the expected timing and structure of the proposed transaction, the ability of the parties to complete the proposed transaction, the expected benefits of the proposed transaction, including future financial and operating results and strategic benefits, the tax consequences of the proposed transaction, and the combined Neogen-SpinCo company's plans, objectives, expectations and intentions, legal, economic and regulatory conditions, and any assumptions underlying any of the foregoing, are forward-looking statements.
These forward-looking statements are based on Neogen and 3M's current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from Neogen and 3M's current expectations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) that one or more closing conditions to the proposed transaction may not be satisfied or waived, on a timely basis or otherwise; (2) the risk that the proposed transaction may not be completed on the terms or in the timeframe expected by Neogen, 3M and SpinCo, or at all; (3) unexpected costs, charges or expenses resulting from the proposed transaction; (4) uncertainty of the expected financial performance of the combined company following completion of the proposed transaction; (5) failure to realize the anticipated benefits of the proposed transaction, including as a result of delay in completing the proposed transaction or integrating the business of Neogen and the Food Safety Business, on the expected timeframe or at all; (6) the ability of the combined company to implement its business strategy; (7) difficulties and delays in the combined company achieving revenue and cost synergies; (8) inability of the combined company to retain and hire key personnel; (9) the occurrence of any event that could give rise to termination of the proposed transaction; (10) the risk that stockholder litigation in connection with the proposed transaction or other litigation, settlements or investigations may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability; (11) evolving legal, regulatory and tax regimes; (12) changes in general economic and/or industry specific conditions; (13) actions by third parties, including government agencies; (14) the risks that the anticipated tax treatment of the proposed transaction is not obtained; (15) the risk of greater than expected difficulty in separating the Food Safety Business from the other businesses of 3M; (16) risks related to the disruption of management time from ongoing business operations due to the pendency of the proposed transaction, or other effects of the pendency of the proposed transaction on the relationship of any of the parties to the proposed transaction with their employees, customers, suppliers, or other counterparties; and (17) risk factors detailed from time to time in Neogen's and 3M's reports filed with the Securities and Exchange Commission (the "SEC"), including Neogen's and 3M's annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and other documents filed with the SEC, including Neogen's registration statement on Form S-4 (Reg. No. 333-263667) that includes a prospectus relating to the shares of Neogen common stock to be issued in the proposed transaction, as amended and supplemented (the "Neogen Registration Statement"), which was declared effective by the SEC on August 4, 2022 and SpinCo's registration statement on Form S-4 and Form S-1 (Reg. No. 333-263669) in connection with its separation from 3M that contains a prospectus relating to the shares of SpinCo common stock to be issued in the proposed transaction, as amended and supplemented (the "SpinCo Registration Statement"), which was declared effective by the SEC on August 4, 2022 , in each case, filed with the SEC in connection with the proposed transaction. The foregoing list of important factors is not exclusive.
Any forward-looking statements speak only as of the date of this communication. None of Neogen, 3M or SpinCo undertakes, and each party expressly disclaims, any obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.
Important Information About the Transaction and Where to Find It
In connection with the proposed transaction, SpinCo filed the SpinCo Registration Statement and Neogen filed the Neogen Registration Statement. In addition, 3M filed with the SEC on August 4, 2022 a Schedule TO (as may be amended and supplemented, the "3M Schedule TO") in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE SPINCO REGISTRATION STATEMENT, NEOGEN REGISTRATION STATEMENT, 3M SCHEDULE TO AND ANY OTHER RELEVANT DOCUMENTS THAT ARE MADE AVAILABLE BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT NEOGEN, 3M, SPINCO AND THE PROPOSED TRANSACTION. The SpinCo Registration Statement, Neogen Registration Statement, 3M Schedule TO and other documents relating to the proposed transaction (as they become available) can also be obtained free of charge from the SEC's website at www.sec.gov. The SpinCo Registration Statement, Neogen Registration Statement, 3M Schedule TO and other documents (as they become available) can also be obtained free of charge from 3M upon written request to 3M Investor Relations Department, Bldg. 224-1 W-02, St. Paul, MN 55144, or by e-mailing investorrelations@3M.com or upon written request to Neogen's Investor Relations, 620 Lesher Place, Lansing, Michigan 48912 or by e-mailing ir@neogen.com.
No Offer or Solicitation
This release is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote of approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
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SOURCE 3M | https://www.kxii.com/prnewswire/2022/08/29/3m-sets-final-exchange-ratio-split-off-exchange-offer-connection-with-neogen-transaction/ | 2022-08-29T23:35:23Z |
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Introducing Potty Training: The Stress-Free Guide to Success
BOSTON, April 21, 2022 /PRNewswire/ -- Tinyhood, the leading online education platform for parents, is reimagining the way parents potty train their children with their latest on-demand class Potty Training: The Stress-Free Guide to Success.
In a first-of-its-kind class, Tinyhood partnered with leading Pediatric Occupational Therapist Quiara Smith (MOT OTR/L) to develop the first potty training method and class taught by an expert who specializes in the pelvic floor and pediatric potty issues.
"I've worked with thousands of families for whom potty training has not gone well, and have seen what an emotional toll it has taken on children and their families," said Smith. "These parents I was seeing in my practice were blaming themselves for their child's long-term issues, be it toilet refusal, fear of the potty, or chronic constipation. But from my perspective, the problem isn't with the parents, it is these popular potty training methods that don't take into account the latest science or a child's physical, social & emotional development."
For parents of children 24+ months, Tinyhood created this class in order to prevent so many of these issues – by providing a simple, straight-forward, evidence-based method that is rooted in child development and is specifically designed to avoid the common pitfalls and make potty training not "stick." In the class, parents will learn when to potty train based on both the biological and emotional signs of readiness, get a step-by-step-method for how to potty train in a matter of days, and learn how to troubleshoot common challenges such as regressions, poop withholding, and more.
"We've heard from so many parents that potty training can be one of the most stressful and daunting milestones they face," said co-founder and CEO Becky Miller. "We saw a big gap in the educational offerings out there and knew we had to give parents a better way - one that is grounded in expertise and already proven to work with real families. Now, parents everywhere can have access to this groundbreaking potty training method and the best possible expert guidance."
Tinyhood's online classes are taught by the industry's leading experts in order to give parents the most reliable information. The platform is created with the modern parent in mind. All courses are 100 percent on-demand allowing parents to learn anytime, anywhere.
"With our professionally produced classes, we're able to provide an unmatched, immersive learning experience complete with detailed animations, demonstrations with real parents and children, as well as interactive handouts and checklists," said co-founder and CTO Susan Blinn. "The classes are specifically designed to support all types of learners and be easily consumed by busy parents."
The launch price of $59 includes nearly 2 hours of video content broken down into bite-sized video lessons, downloadable handouts and checklists. Parents have access to the class for 1 year.
About Tinyhood
Tinyhood is the leading online learning platform for the modern parent, giving them information they can trust and strategies to make them feel empowered throughout their parenting journey. Every Tinyhood course is taught by top experts, and topics range from pregnancy through toddlerhood. The courses are 100% flexible allowing parents to watch them at their own pace, on their own time, and in the privacy of their own home. Each course also comes with interactive checklists and guides, a private community, and expert office hours to help you troubleshoot issues as you go. Kids don't come with a manual, but this is pretty close.
To learn more about Tinyhood, visit https://www.tinyhood.com/
Media Contact:
Amanda Weymouth, Tinyhood
amanda@tinyhood.com
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SOURCE Tinyhood | https://www.mysuncoast.com/prnewswire/2022/04/21/tinyhood-launches-potty-training-class-increasing-access-worlds-best-parenting-education/ | 2022-04-21T21:41:08Z |
Session will be Webcast
NEW YORK, May 27, 2022 /PRNewswire/ -- Ewout Steenbergen, Executive Vice President and Chief Financial Officer of S&P Global (NYSE: SPGI), will participate in the Deutsche Bank Global Financial Services Conference on June 1, 2022. Mr. Steenbergen is scheduled to speak from 3:00 p.m. to 3:45 p.m. (Eastern Daylight Time). The "fireside chat" will be webcast and may include forward-looking information.
Webcast Instructions: Live and Replay
The webcast will be available live and in replay through the Company's Investor Relations website http://investor.spglobal.com/Investor-Presentations (please copy and paste URL into web browser). The webcast replay will be available approximately 12 hours after the end of the presentation and will remain accessible for one year, ending on May 31, 2023. Any additional information presented during the session will be made available on the Company's Investor Presentations web page.
About S&P Global
S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world.
We are widely sought after by many of the world's leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today. For more information, visit www.spglobal.com.
Investor Relations: http://investor.spglobal.com
Get news direct via RSS: https://investor.spglobal.com/contact-investor-relations/rss-feeds/default.aspx
Contacts:
Investor Relations
Mark Grant
Senior Vice President, Investor Relations
Tel: + 1 347 640 1521
mark.grant@spglobal.com
Media:
Christopher Krantz
+44 7976 632 638
christopher.krantz@spglobal.com
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SOURCE S&P Global | https://www.wibw.com/prnewswire/2022/05/27/sampp-global-present-deutsche-bank-global-financial-services-conference-june-1-2022/ | 2022-05-27T20:05:10Z |
Japan’s Honda outlines strategy to forge ahead on EVs
By YURI KAGEYAMA
AP Business Writer
TOKYO (AP) — Honda is investing $40 billion over the next decade in research, especially to realize a major shift to ecological electric vehicles. The Japanese automaker said Tuesday the products and services in the works will account for more than half of its $64 billion research and development budget in that time and will be tailored for each major market, the U.S., China and Japan. In North America, Honda and General Motors are jointly developing two midsize to large EV models set for sale in 2024. Honda will launch 30 EV models globally by 2030, targeting production of more than 2 million vehicles a year. | https://localnews8.com/news/ap-national-business/2022/04/11/japans-honda-outlines-strategy-to-forge-ahead-on-evs/ | 2022-04-12T04:16:33Z |
Interfaith America's Black Interfaith Project & Union Theological Seminary's Center for Earth Ethics Host Launch Event Emphasizing Importance of Faith in the Time of Climate Crisis
WASHINGTON, May 19, 2022 /PRNewswire/ -- Interfaith America this week hosted an event that focused on the unique challenges climate change poses to Black communities all across the nation and the critical role that Black Interfaith leadership is playing in combating these challenges. Climate Reality Project Chair and former United States Vice President Al Gore delivered keynote remarks at the initiative's May 17 launch event, hosted at the National Museum of African American History and Culture in Washington, D.C. The group also unveiled The Black Interfaith in the Time Climate Crisis Toolkit, a resource intended to support local efforts to make communities more sustainable.
"Faith not only gives us purpose, it unites us. No matter your faith tradition, you've made the surrendering decision to invest belief in a spiritual reality larger than any single individual, larger than each and every one of us. And we need to channel that belief and unity to the important work of fighting the climate crisis," Founder and Chair of the Climate Reality Project and Former United States Vice President Gore said. "And that's why interfaith dialogues like the one that Interfaith America has convened here tonight are so important. Now more than ever we need to harness the shared values that unite, that encourage us to care for our neighbors, our brothers and sisters."
Interfaith America launched the Black Interfaith Project with the White House in February of this year, featuring keynote remarks from Second Gentleman Doug Emhoff. The Black Interfaith Project works to spotlight the longstanding diversity of Black religious life and the many ways Black interfaith engagement has contributed to American spiritual and civic life. The effects of climate change will disproportionately harm communities of color, as environmental risks — such as increased flooding, rising temperatures, and associated socioeconomic effects — could create an estimated $40 billion worth of damages for the Black community alone by 2050, according to a recent report in Nature Climate Change.
"The environmental justice and climate justice movements have come as a response to protect the planet and to protect the people who bear the brunt of pollution and climate change," said panelist and Green Deen author, Ibrahim Abdul-Matin. Those seeking to live a Green Deen should understand that communities without control of political and economic power often suffer disproportionately the negative effects of environmental pollution and environmental degradation. These communities are also less able to make a living wage from the resources available in their locale."
Panelists at the May 17 launch event at the Smithsonian National Museum of African American History and Culture include:
- Ibrahim Abdul-Matin, author of Green Deen: What Islam Teaches About Protecting the Planet and co-founder of Green Squash Consulting
- Karenna Gore, Founder and Executive Director, Center for Earth Ethics at Union Theological Seminary
- William Barber III, Director of Climate & Environmental Justice, The Climate Reality Project
- Crystal Cavalier, Co-Founder, Seven Directions of Service
- Pamela Ayo Yetunde, Professor, Chaplain, Pastoral Counselor, and co-editor of Black and Buddhist: What Buddhism Can Teach Us About Race, Resilience, Transformation and Freedom
"The Black Interfaith project is about bringing the collective genius of religiously diverse Black leaders together to engage the great issues of our time — with special attention the ways that those issues impact Black communities," Eboo Patel, Founder and President of Interfaith America said. "Climate change is of course at the top of the list. We are enormously hopeful that the Black Interfaith and Climate Change event with Vice President Gore will catalyze inspiring action that focuses on concrete solutions that bring people of all identities together to make a real difference."
This year, Interfaith America also announced the inaugural 20 fellows of the Black Interfaith Project's Fellowship program. Led by Frederick A. Davie, Senior Advisor for Racial Equity, and Alexis Vaughan, Director of Racial Equity Initiatives at Interfaith America, the program convenes Black professionals from a wide range of sectors and worldviews who are engaged in interfaith bridgebuilding through their lived experience, scholarship, and civic engagement. Gathering regularly over the course of two years, and engaged through training and networking, collaborative and individual projects, and multi-platform discussion and dissemination, the new Fellows' activities will inform a more accurate narrative about and by Black interfaith leaders.
Founded in 2002, Interfaith America is the premier interfaith organization in the United States, with a $15M budget, 50 full-time professional staff, and $5M in grants distributed in 2021. Through its initiatives and partnerships, Interfaith America is equipping individuals and professionals with the knowledge and skills needed for leadership in a religiously diverse world.
For more information, please visit their new website and follow Interfaith America on Twitter, Facebook, Instagram, and LinkedIn. Interfaith America also recently released a new video "We Need to Build an Interfaith America," where Patel outlines a vision for the next chapter of this organization.
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SOURCE Interfaith America | https://www.mysuncoast.com/prnewswire/2022/05/19/interfaith-america-highlights-black-interfaith-leadership-promoting-environmental-justice/ | 2022-05-19T20:01:17Z |
MEMPHIS, Tenn., July 20, 2022 /PRNewswire/ -- Methodist Le Bonheur Healthcare today announced its President and CEO Michael Ugwueke was named one of the "2022 Most Influential Black Executives in Corporate America" by Savoy magazine. Savoy is the foremost publication highlighting culture, business, lifestyle and entertainment news. Their Most Influential Black Executives in Corporate America ranking is considered the definitive listing of African American executives, influencers, and achievers who are impacting corporate America.
Ugwueke was honored at a Washington, D.C., reception yesterday, alongside fellow recipients. Honorees include Lowe's Chairman and CEO Marvin Ellison, Carnival President and CEO Arnold McDonald and Walgreens Boots Alliance CEO Rosalind Brewer.
"It is a tremendous honor to be included among such distinguished leaders in this year's Most Influential Black Executives list," said Ugwueke. "I'm humbled by this recognition, and it goes without saying that the advancements Methodist Le Bonheur Healthcare has achieved, including straight A safety and quality ratings, is possible only through the dedication of my fellow executives, our Associates and medical staff to improving every life we touch."
His career spanning four decades, Ugwueke began his tenure with Methodist Le Bonheur Healthcare in 2007 as CEO of Methodist South Hospital and assumed the dual role of CEO of Methodist North Hospital in 2009. In 2013, he was named COO of the entire Methodist Le Bonheur Healthcare system, and four years later in 2017, he was named president and CEO. Under his leadership, Methodist Le Bonheur has grown as an award-winning destination for high quality clinical care. In 2021, he was honored by the Tennessee Hospital Association as a CEO of Distinction for his exceptional leadership of the Methodist Le Bonheur system during the COVID-19 pandemic.
"Savoy is proud to present the 2022 Most Influential Black Executives in Corporate America. In this issue, we assembled an elite representation of African American men and women who have been recognized for their executive and business leadership in national and global-leading corporations," said L.P. Green, II, Publisher of Savoy magazine. "These innovative trailblazers have led efforts to foster growth for some of the country's highest-performing companies throughout and beyond the US market."
Savoy's selection of the Most Influential Black Executives includes an examination of the nominee's corporate sector influence, scholastic achievement, career growth, community outreach, and recognition. More than 500 prospective candidates were in consideration.
Based in Memphis, Tennessee, Methodist Le Bonheur Healthcare (MLH) has been caring for patients and families regardless of ability to pay for more than 100 years. Guided by roots in the United Methodist Church and founded in 1918 to help meet the growing need for quality healthcare in the greater Memphis area, MLH has grown from one hospital into a comprehensive healthcare system with 13,000 Associates supporting six hospitals, ambulatory surgery centers, outpatient facilities, hospice residence and physician practices serving communities across the Mid-South. From transplants and advanced heart procedures to expert neurology services and compassionate cancer care, MLH offers clinical expertise with a focus on improving every life we touch.
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SOURCE Methodist Le Bonheur Healthcare | https://www.wibw.com/prnewswire/2022/07/20/methodist-le-bonheur-healthcare-ceo-named-most-influential-black-executive-by-savoy-magazine/ | 2022-07-20T18:37:11Z |
The primary elections in Ohio and Indiana on Tuesday stood as the first real test of former President Donald Trump’s status as the Republican Party kingmaker — and he passed.
Takeaways from the races:
TRUMP’S CLOUT
Trump’s chosen candidate, “Hillbilly Elegy” author and one-time investment banker JD Vance, won the crowded Republican primary for U.S. Senate in Ohio, giving Trump a strong beginning to primary season.
Vance, former State Treasurer Josh Mandel, businessman Mike Gibbons and former state GOP chair Jane Timken all vied for Trump’s endorsement, increasingly adopting language that mirrored the former president’s bombastic, populist style. In the end, Trump went with Vance, who in 2016 said the celebrity businessman could become “America’s Hitler” but has since become an avid supporter.
Vance wooed the former president by echoing his bashing of immigrants, skepticism about U.S. military involvement overseas — even in support of Ukraine — and lies about Trump’s defeat in the 2020 election. Lagging in the polls when he received Trump’s endorsement three weeks ago, Vance made it a centerpiece of his closing pitch and vaulted ahead of his rivals.
Vance will face Democratic U.S. Rep. Tim Ryan in November’s general election as they compete for the seat held by retiring GOP Sen. Rob Portman. Trump won Ohio by 8 percentage points in 2020, and the state has swung to the right under his influence. Replacing Portman, a traditional Republican and no fan of Trump’s, with Vance would move the Senate further in the former president’s direction.
POWER OF ELECTION DENIAL
Ohio’s Republican secretary of state, Frank LaRose, easily survived a primary challenge from John Adams, who denies that President Joe Biden won the 2020 election and ran as a full-throated skeptic of modern voting systems.
But Ohio’s Republican primary still shows the power that Trump’s election lies have on his party’s base. An AP-NORC poll last year found two-thirds of Republicans believe Biden was not legitimately elected, even though the contest was free of any significant voter fraud and repeated investigations, audits and court cases have disproved Trump’s claims.
LaRose initially said the 2020 election was secure and accurate, but as the primary neared, he began to echo some of Trump’s talking points. He claimed there were problems in other states and touted his office’s work to combat voter fraud.
Trump endorsed LaRose, a longtime supporter. Since Ohio wasn’t a battleground and Trump won the state easily, the incumbent secretary of state never got on his bad side in the days after he 2020 loss.
In contrast, in swing state Michigan — one of the states Trump claimed to win in 2020, even though he actually lost it — Trump endorsed an election conspiracy theorist, Kristina Karamo. She won the GOP nomination for secretary of state last month. Plenty of other Trump-backed election deniers are competing in upcoming Republican primaries.
RESILIENT GOVERNORS
Trump and his populist supporters have shaken up their party and pushed its incumbents in Trump’s direction in many places, but one weak point so far are governor’s mansions.
Ohio was the clearest example of that. Trump castigated Republican Gov. Mike DeWine for his strict coronavirus policies in 2020, but DeWine cruised to victory in the primary. He will face Democrat Nan Whaley in the general election. Whaley, the former mayor of Dayton, is the first woman nominated by a major party for Ohio governor.
Ohio is not the only place where a GOP governor is well positioned against a primary challenger. Idaho’s Brad Little has a strong fundraising advantage against his conservative opponent, Lt. Gov. Janice McGeachin. In Georgia, Gov. Brian Kemp is a strong favorite against former Sen. David Perdue, whom Trump recruited to punish Kemp for not supporting his election lies and for certifying Biden’s victory in the state.
Governors are helped by their incumbency, the wide range of popular conservative policies they can announce and federal coronavirus relief that has taken the pressure off state budgets. DeWine, for example, outraised his foes by millions of dollars and was able to benefit from, for example, the chip firm Intel’s announcement it will invest $20 million in the state.
DeWine got another boost because his opposition was split between former U.S. Rep. Jim Renacci and farmer Joe Blystone. Trump didn’t make an endorsement in the race.
DEMOCRATS SPURN THE LEFT, AGAIN
In the Cleveland area, Democratic Rep. Shontel Brown trounced former state Sen. Nina Turner in yet another battle between the party’s establishment and progressive wings.
Turner co-chaired Sen. Bernie Sanders’ presidential primary campaign and lost to Brown in last year’s special election for the seat after its previous occupant, Marcia Fudge, became Biden’s secretary of Housing and Urban Development. Turner ran again, hoping that the district might be more amenable to her approach after it was redrawn to include more Democratic areas.
No such luck. Brown’s easy victory is a reminder that the left has a very uneven track record in Democratic primaries, notching a few high-profile wins like that of U.S. Rep. Alexandria Ocasio-Cortez in New York City, but mostly a long string of losses. Trump may have changed Republican primaries, but Democratic ones still tilt toward the same establishment that has run the party for decades.
IN INDIANA, INCUMBENCY BEATS ‘LIBERTY’
Legislative races in Indiana showed the power of incumbency, even amid rising conservative anger.
Activists infuriated by the state’s coronavirus restrictions organized roughly two dozen so-called liberty candidates to take on lawmakers in the GOP primary whom they saw as too supportive of Republican Gov. Eric Holcomb’s public health measures. The picture was mixed on Tuesday night, with several of those races uncalled.
But the challengers were repeatedly coming up short taking on incumbent legislators. One incumbent targeted as too close to the party establishment lost his primary, but so did an incumbent who encouraged the liberty candidates. And in at least 10 other races, the liberty candidates fell short.
It’s a reminder that, even in Trump’s GOP, conservative insurgents don’t always have an easy path against incumbents.
___
Follow AP for full coverage of the midterms at https://apnews.com/hub/2022-midterm-elections and on Twitter, https://twitter.com/ap_politics | https://cw33.com/news/politics/ap-politics/primary-takeaways-trump-passes-test-as-kingmaker-in-ohio/ | 2022-05-04T16:53:15Z |
NEW YORK, Aug. 9, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Carvana Co. (NYSE: CVNA) alleging that the Company violated federal securities laws.
Class Period: May 6, 2020 to June 24, 2022
Lead Plaintiff Deadline: October 3, 2022
No obligation or cost to you.
Learn more about your recoverable losses in CVNA:
https://www.kleinstocklaw.com/pslra-1/carvana-lawsuit-loss-submission-form?id=30653&from=4
CLASS ACTION CASE DETAILS: The filed complaint alleges that Carvana Co. made materially false and/or misleading statements and/or failed to disclose that: (1) Carvana faced serious, ongoing issues with documentation, registration, and title with many of its vehicles; (2) as a result, Carvana was issuing unusually frequent temporary plates; (3) as a result of the foregoing, Carvana was violating laws and regulations in many existing markets; (4) as a result of the foregoing, Carvana risked its ability to continue business and/or expand its business in existing markets; (5) as a result of the foregoing, Carvana was at an increased risk of governmental investigation and action; (6) Carvana was in discussion with state and local authorities regarding the above-stated business tactics and issues; (7) Carvana was facing imminent and ongoing regulatory actions including license suspensions, business cessation, and probation in several states and counties including in Arizona, Illinois, Pennsylvania, Michigan, and North Carolina; and (8) as a result, Defendants' statements about Carvana's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Carvana you have until October 3, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Carvana securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the CVNA lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/carvana-lawsuit-loss-submission-form?id=30653&from=4.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.mysuncoast.com/prnewswire/2022/08/09/cvna-alert-klein-law-firm-announces-lead-plaintiff-deadline-october-3-2022-class-action-filed-behalf-carvana-co-shareholders/ | 2022-08-09T18:14:04Z |
WALLDORF, Germany, July 21, 2022 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced a new share repurchase program. The program, with a volume of up to €500 million, is planned to be executed in the period between August 1 and December 31, 2022. It will be implemented based on the authorization granted by the Annual General Meeting of SAP SE on May 17, 2018, and in compliance with the restrictions set forth therein. Repurchased shares will primarily be used to service awards granted under share-based compensation plans for employees.
The new share repurchase program follows SAP's 2020 repurchase of around 14 million shares for about €1.5 billion and the repurchase of around 10 million shares for about €1 billion in the first half of 2022.
About SAP
SAP's strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers' businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people's lives. For more information, visit www.sap.com.
This document contains forward-looking statements], which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP's 2021 Annual Report on Form 20-F."
© 2022 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
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SOURCE SAP SE | https://www.mysuncoast.com/prnewswire/2022/07/21/sap-announces-further-share-repurchase-program/ | 2022-07-21T06:30:40Z |
This unique opportunity will donate 100% of the posted sales price (excluding any fees and commissions*) from two Baltic cruises to help victims of conflict, famine, and disease
SALT LAKE CITY, April 20, 2022 /PRNewswire/ -- The Tabernacle Choir at Temple Square—the renowned 360-member volunteer chorus—and Azamara—the leading cruise line in Destination Immersion® experiences—have joined together to invite worldwide travelers with compassionate desires to help victims of conflict, famine, disease, and other crises in a way that fosters humanitarian relief and peace. In the face of global humanitarian crises like the conflict in Ukraine and drought in Africa among others, this charitable collaboration will donate 100% of the posted sales price (excluding any fees and commissions*) from two Baltic cruises to CARE, the International Rescue Committee, and the American Red Cross to alleviate suffering around the world.
Due to scheduling challenges from the pandemic, The Tabernacle Choir was forced to cancel its long-planned Nordic tour. With the help of Azamara, the Choir has turned this cancellation into a remarkable charitable opportunity. Azamara will offer two cruises (a seven-night and a five-night voyage, starting June 17 and June 24, 2022, respectively) visiting ports in Sweden, Denmark, Norway, Finland, and Germany aboard the Azamara Pursuit—the ship the Choir had originally reserved for travel during its tour. Anyone booking either cruise can support the work of the three charities while enjoying the beauty of the Nordic countries and traveling with the hospitality of Azamara. Guests can also choose to book both cruises for a total of twelve nights aboard the Azamara Pursuit, without repeating any ports throughout the Baltic voyage.
One hundred percent of the posted sales price (excluding any fees and commissions*) from the cruise bookings will be distributed equally between three non-profit charities: CARE, an international humanitarian organization dedicated to fighting global poverty, achieving social justice, and fighting for the equality of women and girls around the world; the International Rescue Committee, an organization working in more than 40 countries and over 20 U.S. cities to help those affected by conflict and natural disasters to survive, recover, and rebuild their lives; and the American Red Cross, an organization providing international humanitarian aid and support to communities in crises around the world. These charities were chosen due to their commitment to providing lifesaving aid to those displaced by ongoing global conflict, as well as those affected by poverty and natural disasters around the world. Guests who book these sailings will enjoy Azamara's immersive cruising experience while also contributing to worthy global causes.
"We are pleased to use this opportunity to honor the sacred directive to love our neighbors," said Mike Leavitt, President of The Tabernacle Choir. "We are enormously grateful to be able to assist CARE, the International Rescue Committee, and the American Red Cross in bringing much-needed aid to those suffering worldwide and express our sincere thanks to Azamara for working with us to create this charitable cruise opportunity."
The first of the two cruises will depart from Stockholm, Sweden on June 17, 2022, for a seven-night journey through the Nordics, with stops in Finland, Poland, Germany, and Denmark. Guests who book this voyage will have the unique experience of spending the summer solstice at sea aboard the Azamara Pursuit. Travelers interested in diving deeper into the destination of Norway can enjoy a five-night sailing departing from Copenhagen, Demark on June 24, 2022, and stopping in Norwegian cities including Bergen, Stavanger, and Arendal, ending in the capital, Oslo. A 12-day cruise option which includes both itineraries is available.
"We are proud to be partnering with The Tabernacle Choir to do our part in aiding global communities in need," said President of Azamara, Carol Cabezas. "We are committed to connecting our guests with the people and destinations of the world, so we understand the importance of helping refugees across the globe receive the care and resources they need."
Pricing for these charitable sailings start at $999 per guest, plus taxes and fees. To book, please visit www.azamara.com/charitycruises or call 855-AZAMARA (292-6272).
* For each purchase of a 7-day, a 5-day, or a combined 12-day Baltic cruise on the Azamara Pursuit, departing on June 17, 2022 (7-day or 12-day cruises) or on June 24, 2022 (5-day cruise), Azamara will donate to The Tabernacle Choir at Temple Square the posted sales price less credit card fees of up to 3.5%, and for certain transactions, up to 25% in travel agent commissions. Taxes and port fees are not included in the posted sales price. The Choir pledges, grants and will distribute 100% of the funds received from Azamara, in equal parts, to the American Red Cross, CARE, and the International Rescue Committee. For more information about the humanitarian work of these organizations, visit www.redcross.org, www.care.org, and www.rescue.org. The Tabernacle Choir at Temple Square is part of The Church of Jesus Christ of Latter-day Saints, a section 501(c)(3) nonprofit organization. Bookings for these cruises are not available for purchase in Alabama or Hawaii until May 5, 2022.
No portion of the sales price is tax-deductible.
About The Tabernacle Choir at Temple Square:
The world-renowned Tabernacle Choir at Temple Square can be heard weekly as part of the Music & the Spoken Word broadcast. This 30-minute program is the world's longest continuing network broadcast and currently airs on over 2,000 radio, TV, cable, and satellite stations worldwide. The 360-voice Choir and accompanying Orchestra at Temple Square are active recording artists with their own recording label which has released over 100 CDs, DVDs, books, and other products since 2003. Their most recent album, Christmas Best, was ranked the #1 Classical Album by Billboard® Magazine upon its release. This is the Choir and Orchestra's 15th album to achieve this recognition. The Choir has an expanding digital first strategy with an active presence on YouTube, Facebook, Instagram, Twitter, Spotify, Apple Music, Amazon Music, and Pandora.
About Azamara:
Azamara is an upmarket cruise line and leader in Destination Immersion® experiences. With a fleet of four intimate-style ships, Azamara Quest®, Azamara Pursuit®, Azamara Journey® and its newest ship, Azamara Onward, the cruise line allows travelers to reach marquee ports around the world and dock in smaller, hidden gem destinations. Azamara aims to Change the Way You Sea, through its commitment to creating immersive experiences for guests through longer stays, more overnights and night touring for a deeper and more meaningful travel experience. Guests can experience an intimate hotel at sea with inclusive amenities such as gratuities, select beverages, cultural events and can take advantage of exclusive loyalty membership benefits through the Azamara Circle Program. For more information visit www.azamara.com.
About CARE:
Founded in 1945, CARE is a leading humanitarian organization fighting global poverty. CARE has more than seven decades of experience helping people prepare for disasters, providing lifesaving assistance when a crisis hits, and helping communities recover after the emergency has passed. CARE places special focus on women and children, who are often disproportionately affected by disasters. To learn more, visit www.care.org.
About International Rescue Committee:
The International Rescue Committee responds to the world's worst humanitarian crises, helping to restore health, safety, education, economic wellbeing, and power to people devastated by conflict and disaster. Founded in 1933 at the call of Albert Einstein, the IRC is at work in over 40 countries and over 20 U.S. cities helping people to survive, reclaim control of their future, and strengthen their communities. Learn more at www.rescue.org and follow the IRC on Twitter and Facebook.
About the American Red Cross:
The American Red Cross shelters, feeds and provides emotional support to victims of disasters; supplies about 40 percent of the United States' blood; teaches skills that save lives; provides international humanitarian aid; and supports military members and their families. The Red Cross is a not-for-profit organization that depends on volunteers and the generosity of the American public to deliver its mission. For more information, please visit redcross.org or cruzrojaamericana.org, or visit us on Twitter at @RedCross.
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SOURCE Azamara | https://www.mysuncoast.com/prnewswire/2022/04/20/tabernacle-choir-azamara-collaborate-support-ongoing-relief-efforts-care-international-rescue-committee-american-red-cross/ | 2022-04-20T16:42:37Z |
BALTIMORE, July 25, 2022 /PRNewswire/ -- A University of Maryland School of Medicine (UMSOM) faculty member was featured in a prestigious national news program over the weekend highlighting the lifesaving critical care medicine practiced at the R Adams Cowley Shock Trauma Center at the University of Maryland Medical Center (UMMC). In an extended segment called "One Night in America" that comprised half of the evening newscast for NBC Nightly News and additional coverage on MSNBC, a reporter was embedded at Shock Trauma for more than nine hours from Saturday evening, July 16, into Sunday morning to document emergency trauma cases caused by gun violence. Reporters were also embedded in three other major cities showing different perspectives including police response to shootings and community support from a local street pastor.
The special report aired on Sunday evening and prominently featured Thomas Scalea, MD, The Honorable Francis X. Kelly Distinguished Professor of Trauma Surgery at UMSOM and Physician-in-Chief of the R Adams Cowley Shock Trauma Center at UMMC. He also serves as Chief of Critical Care Services for the University of Maryland Medical System (UMMS).
Reflecting on the death of one of his patients, Dr. Scalea said in the segment, that gunshot deaths are an unnecessary injury in a civilized society. "This is one night in one city in the richest country in the world. How can this make any sense?"
For more than 50 years, the R Adams Cowley Shock Trauma Center has been a worldwide leader in trauma care and innovation, training some of the leading trauma physicians in the U.S. and around the globe. SOM physician-scientists have pioneered major advances in trauma care through research. Shock Trauma is the nation's first and only integrated trauma hospital and is considered a national model of excellence with a 96 percent survival rate. It is Maryland's Primary Adult Resource Center (PARC) designated to treat the most severely injured and critically ill patients. The Program in Trauma at UMSOM is the only multidisciplinary dedicated physician group practice that cares for injury in the United States.
Earlier this year, Dr. Scalea celebrated his 25th anniversary with the Shock Trauma Center. Among his many accomplishments, he cared for tens of thousands of Marylanders critically injured in motor vehicle collisions, falls and violent attacks, traveled to China and Haiti to render assistance to earthquake victims, helped train thousands of U.S. Air Force personnel and worked alongside military physicians in war-torn Afghanistan. He has steered Maryland's highest-level trauma center through two years of the COVID-19 pandemic.
Footage from Dr. Scalea's interviews and patient care in the Shock Trauma Center can be found in the links below.
Now in its third century, the University of Maryland School of Medicine was chartered in 1807 as the first public medical school in the United States. It continues today as one of the fastest growing, top-tier biomedical research enterprises in the world -- with 46 academic departments, centers, institutes, and programs, and a faculty of more than 3,000 physicians, scientists, and allied health professionals, including members of the National Academy of Medicine and the National Academy of Sciences, and a distinguished two-time winner of the Albert E. Lasker Award in Medical Research. With an operating budget of more than $1.2 billion, the School of Medicine works closely in partnership with the University of Maryland Medical Center and Medical System to provide research-intensive, academic and clinically based care for nearly 2 million patients each year. The School of Medicine has nearly $600 million in extramural funding, with most of its academic departments highly ranked among all medical schools in the nation in research funding. As one of the seven professional schools that make up the University of Maryland, Baltimore campus, the School of Medicine has a total population of nearly 9,000 faculty and staff, including 2,500 students, trainees, residents, and fellows. The combined School of Medicine and Medical System ("University of Maryland Medicine") has an annual budget of over $6 billion and an economic impact of nearly $20 billion on the state and local community. The School of Medicine, which ranks as the 8th highest among public medical schools in research productivity (according to the Association of American Medical Colleges profile) is an innovator in translational medicine, with 606 active patents and 52 start-up companies. In the latest U.S. News & World Report ranking of the Best Medical Schools, published in 2021, the UM School of Medicine is ranked #9 among the 92 public medical schools in the U.S., and in the top 15 percent (#27) of all 192 public and private U.S. medical schools. The School of Medicine works locally, nationally, and globally, with research and treatment facilities in 36 countries around the world. Visit medschool.umaryland.edu
The R Adams Cowley Shock Trauma Center, University of Maryland was the first fully integrated trauma center in the world and remains at the epicenter for trauma research, patient care and teaching, both nationally and internationally today. Shock Trauma is where the "golden hour" concept of trauma was born and where many lifesaving practices in modern trauma medicine were pioneered. Shock Trauma is also at the heart of the Maryland's unparalleled Emergency Medical Service System. Learn more about Shock Trauma.
The University of Maryland Medical Center (UMMC) is comprised of two hospital campuses in Baltimore: the 800-bed flagship institution of the 13-hospital University of Maryland Medical System (UMMS) -- and the 200-bed UMMC Midtown Campus, both academic medical centers training physicians and health professionals and pursuing research and innovation to improve health. UMMC's downtown campus is a national and regional referral center for trauma, cancer care, neurosciences, advanced cardiovascular care, women's and children's health, and has one of the largest solid organ transplant programs in the country. All physicians on staff at the downtown campus are clinical faculty physicians of the University of Maryland School of Medicine. The UMMC Midtown Campus medical staff is predominately faculty physicians specializing in diabetes, chronic diseases, behavioral health, long-term acute care and an array of outpatient primary care and specially services. UMMC Midtown has been a teaching hospital for 140 years and is located one mile away from the downtown campus. For more information, visit www.umm.edu.
This news release was issued on behalf of Newswise™. For more information, visit http://www.newswise.com.
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SOURCE University of Maryland School of Medicine | https://www.wibw.com/prnewswire/2022/07/25/university-maryland-school-medicine-faculty-member-featured-nbc-nightly-news-special-report-gun-violence-america/ | 2022-07-25T14:40:55Z |
Sonny Barger, figurehead of Hells Angels, dies at 83
LIVERMORE, Calif. (AP) — Sonny Barger, the leather-clad figurehead of the notorious Hells Angels motorcycle club, has died. He was 83.
Barger’s death was announced on his Facebook page late Wednesday.
“If you are reading this message, you’ll know that I’m gone. I’ve asked that this note be posted immediately after my passing,” a posting said. “I’ve lived a long and good life filled with adventure. And I’ve had the privilege to be part of an amazing club.”
The post said that “I passed peacefully after a brief battle with cancer.”
Barger’s former attorney, Fritz Clapp, told The Associated Press that Barger had liver cancer and died Wednesday night at home in Livermore, California. Barger composed the post placed on the Facebook page managed by Barger’s wife, Zorana, he said.
Ralph “Sonny” Barger was a founding member of the Oakland, California, chapter of the Hells Angels in 1957 and was present at its most infamous moment — the 1969 Rolling Stones concert at Altamont Speedway during which bikers hired as security staff fatally stabbed a concertgoer who pulled a gun on one of their members.
The Hells Angels were typically depicted by the media as the dark fringe of the 1960s counterculture, embracing freedom, drugs and rock music, but also crime and violence.
But Barger, the unofficial spokesman for the Hells Angels, downplayed their outlaw reputation.
“They say we’re organized crime, but if you took every Hells Angel on the face of the Earth and got rid of them you wouldn’t drop the crime rate in the world one-tenth of one percent,” he said in a 2000 interview for Heads magazine. “We’re a little drop in the bucket. There’s more cops committing crimes than Hells Angels.”
Barger’s own arrest record included charges ranging from drunken driving to attempted murder. He served 13 years in various prisons, according to news reports.
He claimed that one of his most satisfying experiences was his acquittal in 1980 on a count of racketeering, and the declaration of a mistrial on a charge of conspiracy to violate the racketeering law.
But in 1988, a jury found Barger guilty of conspiracy to violate federal firearms and explosives laws in plots to kill members of a rival gang. He was sentenced to a six-year term at the Phoenix Federal Correctional Institution and was released in 1992.
Barger capitalized on his notoriety. He wrote three books about his life and philosophy, including a best-selling autobiography, “Hell’s Angel.” A chapter title in one of his books was “Nothing states your position more clearly than a punch in the face.” He also wrote two novels.
Sonny Barger Productions operates a website and sells clothing.
A high school dropout at 16, Barger grew up in Oakland and joined the Army in 1955 with a forged birth certificate. He was kicked out with an honorable discharge after the forgery was discovered.
He started the Hells Angels with friends and soon learned there were other Hells Angels clubs in California. Barger helped unify the clubs.
He served as the main character in Hunter Thompson’s 1966 expose “Hell’s Angels: The Strange and Terrible Saga of the Outlaw Motorcycle Gangs.”
“He’s smart and he’s crafty and he has a kind of wild animal cunning. He was clearly the most competent person around,” Thompson wrote.
Of the Altamont killing, Barger argued that the Hells Angels acted in self-defense. The club member charged in the incident was acquitted. The stabbing was captured by a camera crew filming the documentary “Gimme Shelter.”
Barger underwent a laryngectomy in the early 1980s for throat cancer, which he attributed to a long, three-pack-a-day cigarette habit. Thereafter, he breathed through a plastic valve in his neck, and covered the vent to speak.
“Live your life the Sonny Barger way? I don’t recommend it,” he wrote in the opening lines to his 2005 book “Freedom: Credos from the Road.”
___
Biographical material compiled by former AP reporter Gary Kane.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/06/30/sonny-barger-figurehead-hells-angels-dies-83/ | 2022-06-30T20:06:15Z |
Chauvin moved to Arizona federal pen to serve time in George Floyd killing
(AP) - Derek Chauvin has been moved from a Minnesota state prison where he was often held in solitary confinement to a medium-security federal prison in Arizona, where the former police officer convicted in George Floyd’s killing may be held under less restrictive conditions.
Chauvin was taken Wednesday from a maximum-security prison in a Minneapolis suburb, where he often spent most of his day in a 10-by-10-foot cell, to the Federal Correctional Institution in Tucson, according to the Bureau of Prisons.
The Tucson facility houses 266 inmates, both male and female, as part of a larger complex that includes a high-security penitentiary and a minimum-security satellite camp.
Bureau of Prisons spokeswoman Randilee Giamusso declined to detail the circumstances of Chauvin’s confinement, citing privacy, safety and security concerns.
Experts said earlier that Chauvin was likely to be safer in the federal system. It typically houses less-violent inmates, and he’d be less likely to mix with inmates he had arrested or investigated as a Minneapolis police officer.
“It’s dangerous to be an officer in any prison,” former U.S. Attorney Tom Heffelfinger said after Chauvin was sentenced last month. “It’s even more dangerous in state prison because of the nature of the inmate population. There are gangs, for example. And police officers just don’t do well there. Those risks are reduced in a federal prison.”
The federal prison system does house many high-profile inmates, but it is also plagued by gangs and chronic violence. The entire federal prison system was put on a nationwide lockdown in January after two inmates were killed and two others were injured during a gang altercation at a federal penitentiary in Texas.
The Bureau of Prisons has also faced increasing scrutiny of violent incidents and serious misconduct in its ranks. Associated Press investigations have uncovered abuse, neglect and leadership missteps, including rampant sexual abuse by workers, severe staffing shortages, inmate escapes and the mishandling of the COVID-19 pandemic.
Chauvin was sentenced last month in U.S. District Court in St. Paul to 21 years on federal civil rights charges after pleading guilty in an agreement with prosecutors. He was already serving 22 1/2 years for his conviction in state court on murder and manslaughter charges; a condition of the agreement called for the sentences to be served concurrently and in federal prison.
Chauvin, who is white, killed Floyd by pinning the unarmed Black man to the pavement with his knee for 9 1/2 minutes as bystander video captured Floyd struggling to breathe and crying out for help. Floyd was suspected of passing a counterfeit bill at a nearby grocery store.
Floyd’s death on May 25, 2020, touched off a firestorm of protests around the world and refocused attention on police brutality and racism.
U.S. District Judge Paul Magnuson suggested when sentencing Chauvin that he be placed near family who live between Iowa and Minnesota. But federal officials are not bound by judicial requests.
Last month Magnuson also sentenced ex-Minneapolis police Officer J. Alexander Kueng to three years in prison and former Officer Tou Thao to 3 1/2 years on criminal civil rights charges related to the Floyd killing. They intend to appeal their sentences. Earlier in July, former officer Thomas Lane was sentenced to 2½ years. He’s been ordered to report to a low-security federal prison camp in Colorado later this month.
The three former officers were on trial at the same time three men were in court in Georgia, facing federal hate crime charges in the killing of Ahmaud Arbery, who was Black. They were eventually convicted.
Two of the men agreed to plead guilty in the case in exchange for serving their sentences in federal prison, saying they feared for their safety in state prison. The judge rejected the deal in part because Arbery’s family strongly opposed it.
——-
Find AP’s full coverage of the death of George Floyd at: https://apnews.com/hub/death-of-george-floyd
___
This story has been corrected to show the correct spelling of Randilee Giamusso’s name.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/08/26/chauvin-moved-arizona-federal-pen-serve-time-george-floyd-killing/ | 2022-08-26T10:50:06Z |
- Total revenue increases to $651 million in first six months of 2022
- Annual contract value grows 14 percent (19 percent in constant currency)
- Total backlog of $1.1 billion as of June 30, 2022
CAMBRIDGE, Mass., July 27, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, released its financial results for the second quarter of 2022.
"This year has turned out to be an extremely volatile business environment," said Alan Trefler, founder and CEO, Pegasystems. "The ongoing uncertainty will continue to put pressure on our clients. But this is an environment for which Pega is uniquely suited, as our low-code platform allows these same organizations to more easily adapt to change."
"In the first half of 2022, we've grown annual contract value ("ACV") 19 percent year-over-year in constant currency while showing additional signs of improving profitability," said Ken Stillwell, COO and CFO, Pegasystems. "We're doubling down on our work to become a Rule of 40 company in 2024."
Quarterly conference call
A conference call and audio-only webcast will be conducted at 5:00 p.m. EDT on Wednesday, July 27, 2022. Members of the public and investors are invited to join the call and participate in the question and answer session by dialing 1-888-394-8218 (domestic), 1-323-794-2588 (international), or via webcast (https://viavid.webcasts.com/starthere.jsp?ei=1558139&tp_key=0cc6605362) by logging onto www.pega.com at least five minutes prior to the event's broadcast and clicking on the webcast icon in the Investors section.
Discussion of non-GAAP financial measures
We believe that non-GAAP financial measures help investors understand our core operating results and prospects, consistent with how management measures and forecasts our performance without the effect of often one-time charges and other items outside our normal operations. The supplementary non-GAAP financial measures are not meant to be superior to or a substitute for financial measures prepared under U.S. GAAP.
Reconciliations of our non-GAAP and GAAP measures are at the end of this release.
Forward-looking statements
Certain statements in this press release may be "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995.
Words such as expects, anticipates, intends, plans, believes, will, could, should, estimates, may, targets, strategies, projects, forecasts, guidance, likely, and usually, or variations of such words and other similar expressions identify forward-looking statements, which are based on current expectations and assumptions.
Forward-looking statements deal with future events and are subject to risks and uncertainties that are difficult to predict, including, but not limited to:
- our future financial performance and business plans;
- the adequacy of our liquidity and capital resources;
- the continued payment of our quarterly dividends;
- the timing of revenue recognition;
- management of our transition to a more subscription-based business model;
- variation in demand for our products and services, including among clients in the public sector;
- reliance on key personnel;
- global economic and political conditions and uncertainty, including continued impacts from the ongoing COVID-19 pandemic and the war in Ukraine;
- reliance on third-party service providers, including hosting providers;
- compliance with our debt obligations and covenants;
- the potential impact of our convertible senior notes and Capped Call Transactions;
- foreign currency exchange rates;
- the potential legal and financial liabilities and damage to our reputation due to cyber-attacks;
- • security breaches and security flaws;
- our ability to protect our intellectual property rights, costs associated with defending such rights, intellectual property rights claims and other related claims by third parties against us, including related costs, damages, and other relief that may be granted against us;
- our client retention rate; and
- management of our growth.
These risks and others that may cause actual results to differ materially from those expressed in such forward-looking statements are described further in Part I of our Annual Report on Form 10-K for the year ended December 31, 2021, Part II of our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, and other filings we make with the U.S. Securities and Exchange Commission ("SEC").
Except as required by applicable law, we do not undertake and expressly disclaim any obligation to update or revise these forward-looking statements publicly, whether due to new information, future events, or otherwise.
The forward-looking statements in this press release represent our views as of July 27, 2022.
About Pegasystems
Pega provides a powerful low-code platform that builds agility into the world's leading organizations so they can adapt to change. Clients use our AI-powered decisioning and workflow automation to solve their most pressing business challenges – from personalizing engagement to automating service to streamlining operations. Since 1983, we've built our scalable and flexible architecture to help enterprises meet today's customer demands while continuously transforming for tomorrow. For more information on Pegasystems (NASDAQ: PEGA), visit www.pega.com.
Press contact:
Lisa Pintchman
VP, Corporate Communications
lisapintchman.rogers@pega.com
617-866-6022
Twitter: @pega
Investor contact:
Peter Welburn
VP, Corporate Development & Investor Relations
PegaInvestorRelations@pega.com
617-498-8968
All trademarks are the property of their respective owners.
Our non-GAAP financial measures reflect the following adjustments:
- Stock-based compensation: We have excluded stock-based compensation from our non-GAAP operating expenses and profitability measures. Although stock-based compensation is a key incentive offered to our employees, and we believe such compensation contributed to our revenues recognized during the periods presented and is expected to contribute to our future revenues, we continue to evaluate our business performance excluding stock-based compensation.
- Capped call transactions: We have excluded gains and losses related to our capped call transactions held at fair value under U.S. GAAP. The capped call transactions are expected to reduce common stock dilution and/or offset any potential cash payments we must make, other than for principal and interest, upon conversion of the Notes. We believe excluding these amounts from our non-GAAP financial measures is useful to investors as the types of events giving rise to them are not representative of our core business operations and ongoing operating performance. In addition, we reflect the effect of the capped call transactions on the weighted-average number of common shares outstanding in our non-GAAP financial measures as we believe it provides investors with useful information when evaluating our financial performance on a per-share basis.
- Litigation: Includes legal fees and related expenses arising from proceedings outside of the ordinary course of business. We believe excluding these expenses from our non-GAAP financial measures is useful to investors as the disputes giving rise to them are not representative of our core business operations and ongoing operating performance.
- Convertible senior notes: In February 2020, we issued convertible senior notes with an aggregate principal amount of $600 million, due March 1, 2025, in a private placement. We believe excluding the amortization of debt discounts and issuance costs provides a useful comparison of our operational performance in different periods.
- Headquarters lease: In February 2021, we agreed to accelerate our exit from our then Cambridge, Massachusetts headquarters to October 1, 2021, in exchange for a one-time payment from our landlord of $18 million, which was received in October 2021. We believe excluding the impact from our non-GAAP financial measures is useful to investors as the modified lease, including the $18 million payment, is not representative of our core business operations and ongoing operating performance.
- Amortization of intangible assets: We have excluded the amortization of intangible assets from our non-GAAP operating expenses and profitability measures. Amortization of intangible assets fluctuates in amount and frequency and is significantly affected by the timing and size of acquisitions. Investors should note that intangible assets contributed to our revenues recognized during the periods presented and are expected to contribute to future revenues. Amortization of intangible assets is likely to recur in future periods.
- Foreign currency transaction (gain) loss: We have excluded foreign currency transaction gains and losses from our non-GAAP profitability measures. Foreign currency transaction gains and losses fluctuate in amount and frequency and are significantly affected by foreign exchange market rates. Foreign currency transaction gains and losses are likely to recur in future periods.
- Other: We have excluded gains and losses from our venture investments, capital advisory expenses, and incremental expenses incurred integrating acquisitions and evaluating potential acquisitions. In addition, incremental fees were incurred in the three and six months ended June 30, 2021 due to the cancellation of in-person sales and marketing events due to the COVID-19 pandemic. We believe excluding these amounts from our non-GAAP financial measures is useful to investors as the types of events giving rise to them are not representative of our core business operations and ongoing operating performance.
Our GAAP effective income tax rate is subject to significant fluctuations due to several factors, including excess tax benefits generated by our stock-based compensation plans, gains and losses on our capped call transactions, tax credits for stock-based compensation awards to research and development employees, and unfavorable foreign stock-based compensation adjustments. We determine our non-GAAP income tax rate using applicable rates in taxing jurisdictions and assessing certain factors, including our historical and forecasted earnings by jurisdiction, discrete items, and our ability to realize tax assets. Under GAAP we recorded a valuation allowance on our deferred tax assets of $192 million in the three months ended June 30, 2022. See "Note 12. Income Taxes" in Part I, Item 1 of our Quarterly Report on Form 10-Q for the three months ended June 30, 2022 for additional information. We believe it is beneficial for our management to review our non-GAAP results consistent with our annual plan's effective income tax rate as established at the beginning of each year, given tax rate volatility.
Note: Constant currency Backlog is calculated by applying foreign exchange rates for the earliest period shown to all periods. The above constant currency measures reflect foreign exchange rates applicable as of Q2 2021.
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SOURCE Pegasystems Inc. | https://www.kxii.com/prnewswire/2022/07/27/client-adoption-drives-pega-cloud-70-new-client-commitments-first-half-2022/ | 2022-07-27T21:44:58Z |
HARTFORD, Conn., June 23, 2022 /PRNewswire/ -- Andrew Garza, a partner at the Glastonbury law firm, Connecticut Trial Firm, LLC, has filed a proposed amended pleading on behalf of Juan Cruz and Emily Lopez Cruz against Signify North America Corporation, formerly Philips Lighting North America Corporation. According to the current, operative complaint in the lawsuit, on September 19, 2017, Mr. Cruz was working in a warehouse in Hartford when 1,300-pounds of lighting product fell on him, causing paralysis and other serious injuries.
According to the motion to amend the plaintiffs' complaint, filed on June 20, 2022, Philips/Signify intentionally destroyed evidence to defraud a paralyzed man and the court, and the fraud and evidence destruction were part of a systematic and coordinated commercial conspiracy extending to the highest levels of Philips'/Signify's corporate structure to its United States Director of Logistics at its corporate headquarters.
The plaintiffs allege that Philips/Signify's actions constitute fraud, a violation of the Connecticut Unfair Trade Practices Act, spoliation of evidence, bad faith, and the negligent and intentional infliction of emotional distress. The plaintiffs have simultaneously filed an application with the court seeking to attach fifty million dollars ($50,000,000) of Philips'/Signify's personal assets with respect to the punitive counts so they are adequately secured during the pendency of the litigation.
According to the lawsuit, Mr. Cruz suffered severe injuries including paralysis, crushing injuries, and numerous broken bones. The plaintiffs allege that the paralysis was caused, in part, by Philips'/Signify's failure to ensure that pallets containing its products were packed safely and securely.
Philips'/Signify's pleadings affirmatively deny any negligence or wrongdoing for the incident and Mr. Cruz's injury. Answer and special defenses as well as counterclaims have been filed by the defendant.
The original lawsuit was brought against the defendants by Mr. Cruz and his wife, Emily Lopez Cruz, in Connecticut State Court in the Hartford Judicial District (Docket No..: HHD- CV18-5051489-S) on March 15, 2018. Attorneys Ryan McKeen, Alexa Mahony, and Andrew Ranks are assisting on the case. The Cruz family resides in Enfield, CT.
Connecticut Trial Firm, LLC, was founded in 2016 by attorneys Andrew Garza and Ryan McKeen. The firm has been recognized for its settlements and verdicts by the Connecticut Personal Injury Hall of Fame, the Multi-Million Dollar Advocates Forum, Law Firm 500, and Super Lawyers. The firm is located in Glastonbury, Connecticut and dedicated to helping those who have been severely injured through no fault of their own.
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SOURCE Connecticut Trial Firm, LLC | https://www.wibw.com/prnewswire/2022/06/23/connecticut-trial-firm-llc-files-new-allegations-against-philipssignify-north-america-corporation-fraud-evidence-destruction-violation-connecticut-unfair-trade-practices-act-cutpa/ | 2022-06-23T19:23:53Z |
Veterans talk about the importance of workforce development post military retirement
BOISE, Idaho, July 25, 2022 /PRNewswire/ -- In honor of National Hire a Veteran Day, Truckstop.com, who is celebrating their 27th anniversary, spoke with several former military officers about the importance of workforce development programs after military retirement, including FASTPORT, who helps solve America's toughest and most important employment challenges by innovating workforce development through people, programs, research and technology.
"We are committed to fostering a culture of inclusion where unique skills are respected, talents are nurtured and contributions are valued," said Kendra Tucker, chief executive officer, Truckstop.com. "We are proud of the contributions of all our employees and are especially grateful to those who have served in the military and have chosen Truckstop.com as the place they will share their expertise after retirement from the service."
The company wanted to recognize and honor the post military journeys of some of their employees and asked them to share their career stories:
- Allen Dove is a former U.S. Coast Guard member and the only person to be a two-time Medal of Valor recipient at that branch of service. He came to Truckstop.com working as a Verification Specialist after a 24-year career in law enforcement and says he was drawn to Truckstop.com because he can leverage his past experience in his current role.
- Donald Anderson retired from the Navy in 1996 where he was accepted into the Submarine Special Forces and later the Navy Airborne Special Forces. He has been with Truckstop.com as a Lead Developer overseeing a team of nine since 2019 where he quickly learned that there is no such thing as a boring day for a Truckstop.com employee. "Who knew it was possible to have this much fun outside of my Navy career."
- Casey Richmond works in IT Support Services at Truckstop.com and retired as a Master Sargent in the Airforce after 24 years of service. Truckstop.com was his first and only job since retiring from the military and says that the company culture is like that of the military in that they "empower the customer." It took him nearly nine months to find the right job using traditional job search sites and general networking.
- Chip Schultz, senior business development representative for Truckstop.com said, "Serving my country as a United States Marine was the greatest honor of my life." He earned the Combat Action Ribbon for his service as an LAR Scout with 3d Light Armored Reconnaissance Battalion in Mogadishu, Somalia. Chip sought out Truckstop.com in search of a work family that reflected his personal values.
- Marti West, accountant for Truckstop.com, received her accounting degree while serving in the Air Force Reserves. She is currently an Aerospace Medical Technician Supervisor, treating patients on and off the flight line as well as airborne. She used a resume search site to find the position at Truckstop.com and said during the interview process she immediately felt welcome, which moved Truckstop.com to the top of her list as a preferred employer.
- Chip Olsen joined Truckstop.com in 2009 as a Systems Admin after eight years in the Utah Army National Guard and says joining Truckstop.com has been an exciting new chapter in his post military career.
- Amanda Parrotta comes from an extensive line of service members and joined the Navy out of high school as an Intelligence Specialist where she began her path to software development. Her father-in-law was a truck driver and encouraged her to apply for a position at Truckstop.com after she received a call from a recruiter. She initially applied for a developer position, but when the interviewer learned she had experience as a Scrum Master they were excited to refer her to the Agile team. "I love that the Talent Acquisition team is dedicated to ensuring people have the opportunity to truly thrive!"
Truckstop.com is committed to employing top talent from all over the country and uses various resources to attract candidates from a multitude of industries, as well as the military community.
FASTPORT has served as the U.S. Department of Labor's Industry Intermediary for the Transportation sector since 2016. In that capacity, FASTPORT has secured candidates in more than 18,500 apprenticeship positions and created programs with over 140 employers and organizations. For more information on how FASTPORT innovates workforce development through people, programs, research and technology, visit www.nationalapprenticeship.org.
For more information on Truckstop.com, visit https://truckstop.com/, and for more information about employment opportunities at Truckstop.com, visit https://truckstop.com/about/careers/.
Truckstop.com is a trusted partner for carriers, brokers, and shippers – empowering the freight community through a platform of innovative solutions for the entire freight lifecycle to increase efficiency, automate processes, and accelerate growth. As one of the industry's largest neutral freight marketplaces, Truckstop.com provides the customer service as well as scale of quality loads and trucks to give customers of all sizes, whether on the road or in the office, the transparency and freedom to build lasting relationships and grow their businesses. To learn how Truckstop.com is helping move the freight community forward, visit https://truckstop.com.
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SOURCE Truckstop Group LLC | https://www.kxii.com/prnewswire/2022/07/25/truckstopcom-spotlights-veterans-honor-national-hire-veteran-day/ | 2022-07-25T14:39:48Z |
The cutting-edge HP digital web press becomes the centerpiece of the company's elite production capabilities
SEATTLE, Sept. 8, 2022 /PRNewswire/ -- With the addition of the multi-million dollar HP PageWide Web Press T250 HD digital inkjet and automated finishing lines, DCG ONE is vastly expanding its printing capabilities and becoming one of the few commercial printers in the Northwest to offer its customers offset-like quality with the speed of digital printing.
"Roughly speaking, we'll be doubling our digital page capacity," said Brad Clarke, president of DCG ONE. "We're radically reducing cycle times and increasing speed, and that creates tremendous value for our clients."
The advanced digital web press will help DCG ONE serve a wider variety of market segments and applications with a faster, more flexible and higher-quality digital print solution for publishing, transactional, direct mail and general commercial printing.
"Projects that might have taken six to eight hours to run can now cycle through in under two hours on the T250 HD," said Clarke.
Speed isn't the only advancement. The new digital web press features remarkable configuration capabilities, including variable printing that can make every sheet look different. And with no plates needed and more efficient use of a variety of paper types, the T250 HD minimizes waste.
"For DCG ONE and our customers, it's transformational," said Clarke.
Installation of the ultramodern press at the company's Seattle production facility is nearly complete. Projects are expected to begin rolling on the new press as soon as testing is completed this month.
When big ideas, bold creative and brilliant delivery converge, business thrives. DCG ONE is a marketing, technology and print production powerhouse that helps companies expand opportunities, drive customer engagement and blow past their business goals. Our smart, seamless strategic approach always pushes what's possible. At DCG ONE, that's the whole idea.
Based in Seattle, WA, DCG ONE has grown to become one of the largest privately held marketing services providers in the country. With locations including Seattle and New York, NY, DCG ONE services a variety of Fortune 500 companies.
Contact:
Mandy DiCesare, Marketing Specialist
Mandy.DiCesare@dcgone.com
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SOURCE DCG ONE | https://www.wibw.com/prnewswire/2022/09/08/dcg-one-flexes-printing-muscle-with-new-advanced-digital-web-press/ | 2022-09-08T18:38:58Z |
Kinder chocolate products recalled in US after salmonella cases reported in Europe
(Gray News) – Ferrero, Inc. is voluntarily recalling two of its Kinder chocolate products because of a possible salmonella contamination.
The company is recalling two Kinder products in the U.S. These include Kinder Happy Moments Chocolate Assortment and Kinder Mix Chocolate Treats basket.
Salmonella can cause serious and sometimes fatal infections in young children, frail or elderly people, and people with weakened immune systems, the FDA says.
Symptoms of salmonella infection in healthier people can include fever, diarrhea, nausea, vomiting and abdominal pain.
In rare cases, salmonella can produce more severe illnesses like arterial infections, endocarditis and arthritis.
Ferrero says the products are being recalled because they were manufactured in a facility where salmonella was detected.
There have been no reports of illness in the U.S. so far, the company says. The voluntary recall is due to an abundance of caution after Salmonella cases were reported by people in Europe who consumed chocolates from the same facility.
No other Kinder products in the U.S. were recalled.
Ferrero says it “deeply regrets the situation” and that it takes food safety “extremely seriously” and will continue to work with the FDA to address the situation.
If you’ve purchased either of the products, Ferrero says to not eat it and to contact the company’s customer service line sometime between 9 a.m. and 6 p.m. Monday through Friday EST at 1-800-688-3552 or via https://www.ferreronorthamerica.com/contact-US-residents.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/04/10/kinder-chocolate-products-recalled-us-after-salmonella-cases-reported-europe/ | 2022-04-10T23:24:44Z |
Judge finds Trump in contempt in legal fight with NY AG
NEW YORK (AP) — A New York judge found former President Donald Trump in contempt of court and set in motion $10,000 daily fines Monday for failing to adequately respond to a subpoena issued by the state’s attorney general as part of a civil investigation into his business dealings.
Judge Arthur Engoron said a contempt finding was appropriate because Trump and his lawyers hadn’t shown they had conducted a proper search for the records sought by the subpoena.
“Mr. Trump, I know you take your business seriously, and I take mine seriously,” Engoron said in a Manhattan courtroom packed with reporters. “I hereby hold you in civil contempt and fine you $10,000 a day” until the terms of the subpoena are met.
New York Attorney General Letitia James, a Democrat, had asked the court to hold Trump in contempt after he missed a March 31 court-imposed deadline to turn over documents.
Trump, a Republican, has been fighting James in court over her investigation, which he has called a politically motivated “witch hunt.” During oral arguments Monday, Trump attorney Alina Habba said that “Donald Trump does not believe he is above the law.”
James has been conducting a lengthy investigation into the Trump Organization, the former president’s family company, centering around what she has claimed is a pattern of misleading banks and tax authorities about the value of his properties.
“Today, justice prevailed,” James said in a release after Engoron’s ruling. “For years, Donald Trump has tried to evade the law and stop our lawful investigation into him and his company’s financial dealings. Today’s ruling makes clear: No one is above the law.”
The contempt finding by the judge came despite a spirited argument by Habba, who insisted repeatedly that she went to great lengths to comply with the subpoena, even traveling to Florida to ask Trump specifically whether he had in his possession any documents that would be responsive to the demand.
“The contempt motion is inappropriate and misleading,” she said. “He complied. ... There are no more documents left to produce by President Trump.”
She also derided the James probe as “political” and “truly a fishing expedition,” saying Trump and his companies had turned over more than 6 million documents and paperwork related to 103 Trump entities over an eight-year period.
“We’ve turned over everything as fast as possible. This is a waste of judicial resources,” Habba added.
Trump spokespeople did not immediately respond to a request for comment.
Investigators for James have said in court filings that they uncovered evidence that Trump may have misstated the value of assets like golf courses and skyscrapers on his financial statements for more than a decade.
A parallel criminal investigation is being conducted by the Manhattan District Attorney, Alvin Bragg, also a Democrat.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/04/25/judge-finds-trump-contempt-legal-fight-with-ny-ag/ | 2022-04-25T18:07:01Z |
ROCHESTER, N.Y., Aug. 9, 2022 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, today reported its second quarter results for the period ended June 30, 2022.
"Despite the macro challenges that persisted throughout our second quarter, we were able to achieve both sequential and modest year-over-year product sales growth," said Paul Travers, President and CEO. "More importantly, we continued to make steady progress in our pursuit of larger product deployments with many enterprise accounts, especially within warehousing and logistics as well as healthcare. At the same time, we continued to execute on opportunities to expand and strengthen our global sales channel in select regions. On the OEM side of our business, we are seeing growing interest in our waveguide and display engine solutions from both new and existing customers across the defense, consumer and enterprise sectors."
The following table compares condensed elements of the Company's unaudited summarized Consolidated Statements of Operations data for the three months ended June 30, 2022 and 2021, respectively:
Second Quarter 2022 Financial Results
For the three months ended June 30, 2022, total revenues increased by 3% to $3.0 million versus $2.9 million for the comparable period in 2021. Sales of Vuzix smart glasses products and engineering services were relatively unchanged in the period.
There was an overall gross profit of $0.4 million or 14% of revenues for the three months ended June 30, 2022 as compared to $0.6 million or 20% for the same period in 2021. The decrease was largely due to a higher level of sales discounts on a large unit volume sale and negative foreign exchange impacts from our non-US dollar denominated sales.
Research and Development (R&D) expense was $3.0 million for the three months ended June 30, 2022 compared to $2.7 million for the comparable 2021 period, an increase of approximately 10%. The rise in R&D expense was largely due to increases in external development expenses related to Shield smart glasses and salary and benefits expenses.
Selling and Marketing expense was $1.9 million for the three months ended June 30, 2022, versus $1.3 million the comparable 2021 period, an increase of approximately 37%. The rise was primarily due to increases in salary and benefits expenses due to headcount increases.
General and Administrative expense for the three months ended June 30, 2022 was $5.0 million versus $5.2 million for the comparable 2021 period, a decrease of approximately 3%. The decline was primarily due to lower shareholder and IR related expenses.
The net loss for the three months ended June 30, 2022 was $10.0 million or $0.16 cents per share versus a net loss of $9.2 million or $0.15 for the same period in 2021.
The net cash operating loss after adding back non-cash items for the second quarter of 2022 was $5.5 million as compared to a loss of $4.6 million for the second quarter of 2021. As of June 30, 2022, the Company maintained cash and cash equivalents of $100.6 million and an overall working capital position of $109.1 million.
Management Outlook
"Notwithstanding the challenging supply chain and economic environments that remain in place, our outlook for the balance of 2022 continues to be positive with the expectation that our second half revenue will see further growth. Enterprise adoption of our smart glasses is poised to accelerate with larger orders anticipated from repeat and, in some cases, very large new customers that should ultimately represent significant units and dollar values. These major customers, with which we are already engaged and shipping to, remain committed to deploying Vuzix smart glasses in larger numbers and we believe it is now just a matter of when, and not if, for all of them," said Mr. Travers.
"Our OEM business is no less exciting in terms of the engagements already underway and the numerous new opportunities appearing regularly. Our OEM revenue in the second half of 2022 is expected to experience strong growth as we begin to leverage the investments that we have already made in our core technology and OEM platform. The significant improvements we have made in our waveguide performance and quality and our ability to manufacture in volume and at very competitive price points has opened and will continue to open new doors with consumer OEM customers. And on the defense side, the expiration of our non-compete and unique status as a US-based manufacturer and supplier of waveguides, ideally positions us to readily engage with any US or allied defense and homeland defense forces around the world," concluded Mr. Travers.
Conference Call Information
Date: Tuesday, August 9, 2022
Time: 4:30 p.m. Eastern Time (ET)
Dial-in Number for U.S. & Canadian Callers: 877-709-8150
Dial-in Number for International Callers (Outside of the U.S. & Canada): 201-689-8354
A live and archived webcast of the conference call will be available on the investor relations page of the Company's website at: https://ir.vuzix.com/ or directly at https://event.choruscall.com/mediaframe/webcast.html?webcastid=q6sCimQK
Participating on the call will be Vuzix' Chief Executive Officer and President Paul Travers and Chief Financial Officer Grant Russell, who together will discuss operational and financial highlights for the quarter ended June 30, 2022.
To join the live conference call, please dial into the above referenced telephone numbers five to ten minutes prior to the scheduled conference call time.
A telephonic replay will be available for 30 days, starting on August 9, 2022, at approximately 5:30 p.m. (ET). To access this replay, please dial 877-660-6853 within the U.S. or Canada, or 201-612-7415 for international callers. The conference replay ID# is 13731800.
About Vuzix Corporation
Vuzix is a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company's products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality. Vuzix holds 247 patents and patents pending and numerous IP licenses in the Video Eyewear field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2022 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in Rochester, NY, Oxford, UK, and Tokyo, Japan. For more information, visit Vuzix website, Twitter and
Vuzix website, Twitter and Facebook pages.
Forward-Looking Statements Disclaimer
Certain statements contained in this news release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements contained in this release relate to, among other things, the timing of new product releases, opportunities related to market disruptions, R&D project successes, smart glasses pilot to roll-out conversion rates, existing and new engineering services and conversion to volume production OEM programs, future operating results, and the Company's leadership in the Smart Glasses and AR display industry. They are generally identified by words such as "believes," "may," "expects," "anticipates," "should" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the Company's Annual Reports and other filings with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at www.sedar.com or www.sec.gov). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.
Investor Relations Contact
Ed McGregor, Director of Investor Relations
Vuzix Corporation
ed_mcgregor@vuzix.com
Tel: (585) 359-5985
Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com
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FOSHAN, China, June 9, 2022 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced its unaudited financial results for the six months of fiscal 2022 ended February 28, 2022.
FISCAL SIX MONTHS 2022 FINANCIAL PERFORMANCE HIGHLIGHTS
Six Months Ended February 28, 2022 (in comparison to the same period of the last fiscal year):
______________________________________________________________________________________________
Overseas Schools (CATS Global Schools)
CATS Global Schools include 4 Stafford House locations in UK and Canada, 4 CATS Colleges in US and UK, Cambridge School of Visual & Performing Arts and 3 independent boarding schools in UK as of February 28, 2022.
- For the six-month period, revenue increased 20.5% and amounted to RMB343.3 million, compared to RMB284.8 million in the same period of last fiscal year, and accounted for 39.3% of the total revenue.
Complementary Education Services
The complementary education services business comprises language training, overseas study counselling, career counselling, study tour and camps as well as international contest training and others.
- For the six-month period, revenue amounted to RMB318.9 million, representing a 7.9% increase compared to RMB295.5 million for the same period of last fiscal year, and accounted for 36.5% of the total revenue.
Domestic Kindergartens & K-12 Operation Services
The domestic kindergartens & K-12 operation services business comprises of for-profit kindergartens and operation services for domestic K-12 schools including catering and procurement services.
- For the six-month period, revenue amounted to RMB211.3 million, representing a 52.1% increase compared to RMB139.0 million for the same period of last fiscal year, and accounted for 24.2% of the total revenue.
UNAUDITED FINANCIAL RESULTS for FISCAL SIX Months ENDED February 28, 2022
Revenue from Continuing Operations
Revenue for the period was RMB873.5 million, representing a 21.4% increase from RMB719.3 million for the same period of the last fiscal year.
Overseas Schools: Revenue contribution for the period was RMB343.3 million, representing a 20.5% increase from RMB284.8 million for the same period of the last fiscal year. The increase was mainly attributable to the recovery of overseas schools operation from pandemic.
Complementary Education Services: Revenue contribution for the period was RMB318.9 million. It represented a 7.9% increase from RMB295.5 million for the same period of the last fiscal year. The increase was mainly attributable to the recovery of overseas study counselling business, expansion of international contest business and other quality education training.
Domestic Kindergartens & K-12 Operation Services: Revenue contribution for the period was RMB211.3million. It represented a 52.1% increase from RMB139.0 million for the same period of the last fiscal year. The increase was mainly due to increase in catering services to the students of K-12 schools and management and operation services for kindergartens.
Cost of Revenue from Continuing Operations
Cost of revenue for the period was RMB614.6 million, as compared to RMB598.6 million for the same period last fiscal year.
Gross Profit, Gross Margin and Adjusted Gross Profit from Continuing Operations
Gross profit for the period was RMB258.9 million, representing a 114.4% increase from RMB120.8 million for the same period of the last fiscal year. Gross margin increased to 29.6% from 16.8% for the same period of the last fiscal year.
Adjusted gross profit for the period was RMB268.3 million, representing a 109.5% increase from RMB128.0 million for the same period of the last fiscal year
Selling, General and Administrative Expenses and Adjusted SG&A Expenses from Continuing Operations (6)
Total SG&A expenses for the period were RMB284.9 million, as compared to RMB248.2 million for the same period of the last fiscal year.
Adjusted SG&A expenses for the period were RMB285.8 million, as compared to RMB246.8 million for the same period of the last fiscal year.
______________________________________________________________________________________________
Operating Loss, Operating Margin and Adjusted Operating Loss from Continuing Operations
Operating loss for the period was RMB22.9 million, representing an 80.2% decrease in loss from operating loss of RMB115.6 million for the same period of the last fiscal year. Operating margin was (2.6%) for the period, as compared to (16.1%) for the same period of the last fiscal year.
Adjusted operating loss for the period was RMB14.4 million, representing an 86.5% decrease in loss from adjusted operating loss of RMB106.9 million for the same period of the last fiscal year.
Net Loss/Income and Adjusted Net Loss
Net loss for the period was RMB52.9 million. Net income was RMB148.5 million for the same period of the last fiscal year, which includes net loss of RMB161.7 million from continuing operations and net income of RMB310.1 million from discontinued operations.
Adjusted net loss for the period was RMB46.4 million, as compared to adjusted net loss of RMB154.5 for the same period of the last fiscal year.
Loss per ordinary share/ADS and Adjusted Loss per ordinary share/ADS
Basic and diluted net loss per ordinary share/ADS attributable to ordinary shareholders/ADS holders from continuing operations for the period were RMB0.42 and RMB0.42, respectively, as compared to loss of RMB1.41 and RMB1.41, respectively, for the same period of the last fiscal year.
Adjusted basic and diluted net loss per ordinary share/ADS attributable to ordinary shareholders/ADS holders for the period were RMB0.36 and RMB0.36, respectively, as compared to loss of RMB1.35 and RMB1.35, respectively, for the same period of the last fiscal year.
Adjusted EBITDA
Adjusted EBITDA for the period was RMB127.7 million, as compared to adjusted EBITDA loss of RMB3.7 million for the same period of the last fiscal year.
Cash and Working Capital
As of February 28, 2022, the Company's cash and cash equivalents and restricted cash were RMB1,492.6 million (US$236.6 million), as compared to RMB1,515.2 million as of August 31, 2021. The company also had short-term investments of RMB1,206.7 million (US$191.3 million) as of February 28, 2022.
RECENT DEVELOPMENTS
On Partial Repurchase of Senior Notes
By order of the board, as at April 12, 2022, the Company had repurchased the senior notes in an aggregate principal amount of US$68,000,000, representing 22.7% of the initial principal amount of the senior notes.
On Going Private Proposal
On April 29, 2022, the Company received a preliminary non-binding proposal letter (the "Proposal") from its Chairperson of the board of directors (the "Board"), Ms. Huiyan Yang, and Ms. Meirong Yang (collectively, the "Buyer Group") proposing to acquire all of the outstanding Class A ordinary shares of the Company (the "Class A Shares"), including Class A Shares represented by American depositary shares (the "ADSs," each representing one Class A ordinary share), and Class B ordinary shares of the Company (the "Class B Shares," and together with the Class A Shares, the "Shares") that are not already beneficially owned by the Buyer Group for a purchase price of US$0.83 per Share in cash in a going private transaction (the "Proposed Transaction"), subject to certain conditions.
On May 6, 2022, the Board announced that it had formed a special committee consisting of three independent directors, Mr. Peter Andrew Schloss, Mr. Jun Zhao and Mr. Ronald J. Packard, to evaluate and consider the Proposal. Mr. Schloss chairs the special committee. The Board cautions the Company's shareholders and others considering trading the Company's securities that no decisions have been made with respect to the Proposal.
CONVENIENCE TRANSLATION
The Company's reporting currency is Renminbi ("RMB"). However, periodic reports made to shareholders will include current period amounts translated into U.S. dollars using the prevailing exchange rates at the balance sheet date, for the convenience of readers. Translations of balances in the condensed consolidated balance sheets, and the related condensed consolidated statements of operations, and cash flows from RMB into U.S. dollars as of and for the six months ended February 28, 2022 are solely for the convenience of the readers and were calculated at the rate of US$1.00=RMB6.3084, representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on February 28, 2022. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on February 28, 2022 or at any other rate.
NON-GAAP FINANCIAL MEASURES
In evaluating our business, we consider and use certain non-GAAP measures, including primarily adjusted EBITDA, adjusted net income/(loss), adjusted gross profit/(loss), adjusted SG&A expenses, adjusted operating income/(loss), adjusted net earnings/(loss) per share attributable to ordinary shareholders basic and diluted as supplemental measures to review and assess our operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We define adjusted gross profit/(loss) from continuing operations as gross profit/(loss) from continuing operations excluding amortization of intangible assets. We define adjusted EBITDA as net income/(loss) excluding interest income/(expense), net, income tax expense/benefit, depreciation and amortization, share-based compensation expense and income/(loss) from discontinued operations, net of tax. We define adjusted net income/(loss) as net income/(loss) excluding share-based compensation expense, amortization of intangible assets, tax effect of amortization of intangible assets and income/(loss) from discontinued operations, net of tax. We define adjusted SG&A expenses from continuing operations as selling, general and administration expense from continuing operations excluding share-based compensation expense. We define adjusted operating income/(loss) from continuing operations as net operating income/(loss) from continuing operations excluding share-based compensation expense and amortization of intangible assets. Additionally, we define adjusted net earnings/(loss) per share attributable to ordinary shareholders, basic and diluted, as adjusted net income/(loss) attributable to ordinary shareholders (net income/(loss) to ordinary shareholders excluding share-based compensation expense, amortization of intangible assets, tax effect of amortization of intangible assets and income/(loss) from discontinued operations, net of tax) divided by the weighted average number of basic and diluted ordinary shares or American depositary shares, each representing one Class A ordinary share of the Company, on an as-converted basis.
We incur amortization expense of intangible assets related to various acquisitions that have been made in recent years. These intangible assets are valued at the time of acquisition and are then amortized over a period of several years after the acquisition. We believe that exclusion of these expenses allows greater comparability of operating results that are consistent over time for the Company's newly-acquired and long-held business as the related intangibles do not have significant connection to the growth of the business. Therefore, we provide exclusion of amortization of intangible assets to define adjusted gross profit from continuing operations, adjusted operating income/(loss) from continuing operations, adjusted net income/(loss), and adjusted net earnings/(loss) per share attributable to ordinary shareholders, basic and diluted. In addition, due to the impact of the amended Implementation Regulations of the Law on the Promotion of Private Education of the People's Republic of China (the "Implementation Rules"), the Affected Entities deconsolidated is classified as discontinued operations, which is a non-recurring item. The exclusion facilitates comparisons of our operating performance on a period-to-period basis. Therefore, we provide exclusion of income/(loss) from discontinued operations, net of tax, to define adjusted net income/(loss), adjusted EBITDA, adjusted net earnings/(loss) per share attributable to ordinary shareholders, basic and diluted.
We present the non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. Such non-GAAP measures include adjusted EBITDA, adjusted net income/(loss), adjusted gross profit/(loss) from continuing operations, adjusted SG&A expenses from continuing operations, adjusted operating income/(loss) from continuing operations, adjusted net earnings/(loss) per share attributable to ordinary shareholders basic and diluted. Non-GAAP financial measures enable our management to assess our operating results without considering the impact of non-cash charges, including depreciation and amortization and share-based compensation expense, and without considering the impact of non-operating items such as interest income/(expense), net; income tax expense/benefit; share-based compensation expense; amortization of intangible assets, tax effect of amortization of intangible assets, and without considering the impact of non-recurring item, i.e. income/(loss) from discontinued operations. We also believe that the use of these non-GAAP measures facilitates investors' assessment of our operating performance.
The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expense that affect our operations. Interest income/(expense), net; income tax expense/benefit; depreciation and amortization; share-based compensation expense; and tax effect of amortization of intangible assets, have been and may continue to be incurred in our business and are not reflected in the presentation of these non-GAAP measures, including adjusted EBITDA or adjusted net income/(loss). Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.
About Bright Scholar Education Holdings Limited
Bright Scholar is a global premier education service company, which primarily provides quality international education to global students and equip them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education. Bright Scholar also complements its international offerings with Chinese government-mandated curriculum for students who wish to maintain the option of pursuing higher education in China.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company's business plans and development, which can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.
IR Contact:
GCM Strategic Communications
Email: BEDU.IR@gcm.international
Media Contact:
Email: media@brightscholar.com
Phone: +86-757-6683-2507
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SOURCE Bright Scholar Education Holdings Ltd. | https://www.kxii.com/prnewswire/2022/06/09/bright-scholar-announces-unaudited-financial-results-six-months-fiscal-2022/ | 2022-06-09T23:05:51Z |
SOUTHLAKE, Texas, Aug. 15, 2022 /PRNewswire/ -- Sabre Corporation ("Sabre") (Nasdaq: SABR) today announced a refinancing of a portion of its existing indebtedness. Sabre incurred no additional indebtedness as a result of the refinancing above the refinanced amount, other than amounts covering the original issue discount (OID), certain interest, fees and expenses. The refinancing has meaningfully improved Sabre's debt maturity profile.
The refinancing included the application of the proceeds of a new $675 million term loan "B" facility (the "New Facility"), borrowed by its wholly-owned subsidiary Sabre GLBL Inc. ("Sabre GLBL") under its existing senior secured credit agreement (the "Credit Agreement"), with the effect of extending the maturity of approximately $647 million of the existing Term Loan B credit facility incurred prior to August 15, 2022 under the Credit Agreement. The New Facility matures on June 30, 2028 and offers Sabre the ability to prepay or repay the New Facility after 12 months or to prepay or repay at a 101 premium before that date. The interest rates on the New Facility will be based on Term SOFR, replacing LIBOR, plus an applicable margin.
The New Facility is guaranteed by Sabre Holdings Corporation and each subsidiary of Sabre GLBL that guarantees the Credit Agreement. The New Facility and the guarantees thereof are secured, subject to permitted liens, by a first-priority security interest in the same collateral that secures Sabre GLBL's other senior secured indebtedness, which is substantially all present and hereafter acquired property and assets of Sabre GLBL and the guarantors (other than certain excluded assets).
BofA Securities Inc. acted as lead left bookrunner, Goldman Sachs Lending Partners LLC, Morgan Stanley Senior Funding, Inc. and PNC Capital Markets LLC acted as joint bookrunners and BofA Securities Inc. acted as sole lead arranger. Bank of America, N.A. is the administrative agent and the collateral agent for the Credit Agreement.
About Sabre Corporation
Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfillment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveler experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre's technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.
Forward-Looking Statements
Certain statements herein are forward-looking statements about trends, future events, uncertainties and our plans and expectations of what may happen in the future. Any statements that are not historical or current facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as "believe," "could," "likely," "expect," "plan," "commit," "guidance," "outlook," "anticipate," "will," "incremental," "preliminary," "forecast," "continue," "strategy," "confidence," "momentum," "estimate," "objective," "project," "may," "should," "would," "intend," "potential" or the negative of these terms or other comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Sabre's actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. More information about potential risks and uncertainties that could affect our business and results of operations is included in the "Risk Factors" and "Forward-Looking Statements" sections in our Quarterly Report on Form 10-Q filed with the SEC on August 2, 2022, our Annual Report on Form 10-K filed with the SEC on February 18, 2022 and in our other filings with the SEC. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, outlook, guidance, results, actions, levels of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. Unless required by law, Sabre undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date they are made.
SABR-F
Contacts:
Media
Kristin Hays
kristin.hays@sabre.com
sabrenews@sabre.com
Investors
Kevin Crissey
kevin.crissey@sabre.com
sabre.investorrelations@sabre.com
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SOURCE Sabre Corporation | https://www.mysuncoast.com/prnewswire/2022/08/15/sabre-corporation-announces-refinancing-term-b-loans/ | 2022-08-15T23:34:21Z |
Caught on camera: Vandalism causes thousands of dollars in damage to mosque
MINNEAPOLIS (WCCO) - A burglar was caught on camera smashing his way through a Minneapolis mosque.
The path of destruction will cost thousands of dollars to repair, but some of the damage isn’t as easily fixed.
Broken glass, damaged doors and bent donation boxes are what members of Tawfiq Islamic Center in Minneapolis found following a break-in late Sunday night.
The person behind the burglary was caught on camera.
“And he began to destroy almost every single door he could find. He destroyed the entire offices. He vandalized the property,” said Jaylani Hussein, executive director of Council on American-Islamic Relations – Minnesota.
Cameras captured the point of entry, with the individual prying open a back door.
He made his way through the gym, then forced his way through this next door, spending about 40 minutes inside the mosque.
The person is seen walking through hallways, kicking doors and taking money from donation boxes located around the mosque.
The loss is estimated at $50,000.
The Islamic center say theid can repair what was damaged. “However our sense of safety, and the impact this attack will have is a longterm impact on our community,” a trustee said.
The community expressed concern, leading to a visit from the city’s top cop.
Officials report this is the fourth significant incident at a Minnesota mosque since the start of the year.
“Although many of the motives are different, the result is all the same, which means it leaves communities damaged, losing their sense of safety, terrorized,” said Abdulahi Farah of the Muslim Coalition.
Copyright 2022 WCCO via CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/09/07/caught-camera-vandalism-causes-thousands-dollars-damage-mosque/ | 2022-09-07T13:22:19Z |
With back-to-school season around the corner, Eyebuydirect shares top styles to cruise around campus this fall
LOS ANGELES, July 26, 2022 /PRNewswire/ -- Eyebuydirect, the leading online retailer for prescription eyewear, is unveiling a curated selection of top picks to help students head back to school in style. The Back to Cool style edit includes frames featuring color tint and gradient lens options to achieve a colorful yet smart campus look, at affordable prices.
Students can feel confident hitting the books in the library or taking a study break on the campus quad while wearing cost-effective, quality eyewear styles from Eyebuydirect. Popular options include the St Michel – rounded full-rim eyeglasses with a sophisticated touch, The Botanist – rectangular frames with a timeless and understated shape, or the Effect – aviator frames that can be purchased as clear prescription lenses or sunglasses with a uniquely you color tint.
Afterpay can be used at checkout on Eyebuydirect's website to pay for their purchases in 4 installments, empowering parents and students to shop with flexibility while taking the pressure off back-to-school shopping. The service is completely free for consumers who pay on time and does not require the need to take out a traditional loan or pay any upfront fees.
The Back to Cool style edit also kicks off a special Back to School Buy One, Get One (BOGO) promotion, taking place now through August 3. With a two-for-one pricing deal, this is a no brainer for students and parents looking to purchase on-trend eyewear ahead of the school year.
The Back to Cool collection and BOGO sale are available now to shop exclusively on Eyebuydirect.com. For additional information about Eyebuydirect or to shop, please visit: https://www.eyebuydirect.com/.
Established in 2006, Eyebuydirect is the leading online destination for prescription eyewear that delivers on style, convenience, and accessibility. With over 3,000 frames starting at $6 USD/$9 CAD, Eyebuydirect is committed to helping everyone celebrate their individuality with the perfect frames to fit their personality. We offer Virtual Try-On technology and 2-day delivery on thousands of frames to make shopping for eyewear efficient and easy. Through our Buy 1 Give 1 Program, a pair of glasses is donated to the most underserved communities worldwide for every order placed. Eyebuydirect is a subsidiary of EssilorLuxottica, the world's largest provider of eyecare products and services.
To learn more, please visit us at www.eyebuydirect.com or on Facebook, Twitter, Instagram and TikTok.
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SOURCE EyeBuyDirect | https://www.mysuncoast.com/prnewswire/2022/07/26/head-back-school-with-eyebuydirects-cool-classroom-styles/ | 2022-07-26T13:23:29Z |
WARSAW, Poland (AP) — Poland’s central bank chief drew criticism Monday after he was caught on hidden camera discussing inflation and fiscal policy with an activist who approached him during a private walk.
Some critics said that the head of the National Bank of Poland, Adam Glapinski, might have broken the law when he told the woman there may be just one more quarter-point increase in interest rates. The bank has raised the benchmark rate from 0.5% in October to 6% currently.
Poland’s annual inflation in June was 15.5%, the highest in 25 years. Prices have skyrocketed on fuels, energy and food. Many Poles say they cannot afford to pay rising loan installments.
An activist from the Agrounia farmers union expressed the concerns emotionally to Glapinski when she spotted him at the Baltic Sea resort of Sopot last week, recording the conversation on a hidden camera.
In the video, posted by Agrounia over the weekend, Glapinski calmly advised her to make use of the latest legislation and suspend payment of four installments. He assured her that interest rates may be slightly increased just one more time and that next year inflation will be single-digit. They shake hands at the end.
Glapinski’s wife, Katarzyna, is heard wishing the woman a win in Toto-Lotek, Poland’s popular lottery.
Economist Rafał Mundry said on Twitter that Glapinski behaved in a “shocking and irresponsible way” by revealing plans about the bank’s future fiscal policy.
Left-wing opposition lawmaker Tomasz Trela said Glapinski should focus on having a rest and refrain from making statements, describing them as “harmful and compromising.”
Glapinski is also head of the central bank’s Monetary Policy Council that sets the interest rates. He has been blamed for Poland’s high inflation and accused of reacting too late. His recent appointment to a second five-year term has drawn vehement protests from the opposition.
Other critics targeted the whole right-wing government of Prime Minister Mateusz Morawiecki and the advice its members have been giving Poles amid rising prices and concerns about prospective shortages of heating this winter.
Among advice that has provoked ridicule is Morawiecki’s telling Poles to have their houses insulated before winter, permission to collect brushwood, President Andrzej Duda’s encouragement to remain “optimistic” and to persevere, as well as the education minister’s suggestion to eat less and often visit friends for dinner. Glapinski’s wife’s wishes for a lotto win were added to the list. | https://cw33.com/business/ap-business/polands-top-banker-filmed-debating-policy-during-vacation/ | 2022-07-19T01:18:38Z |
Supreme Court limits reach of federal gun crime law
WASHINGTON (AP) — The Supreme Court on Tuesday limited the reach of a federal statute that requires stiff penalties for crimes involving a gun.
The 7-2 decision united both conservative and liberal justices, though one dissenting justice compared the result to “Alice in Wonderland.” The justices said the law can’t be used to lengthen the sentences of criminals convicted of a specific attempted robbery offense.
The case before the justices involved Justin Taylor, who in the early 2000s was a marijuana dealer in the area of Richmond, Virginia. The government has said he sold large quantities of marijuana to other dealers who distributed it. In 2003 he and another man planned to steal money from a buyer, and during the robbery the accomplice fatally shot the man.
Taylor was charged with “attempted Hobbs Act robbery,” a federal crime punishable by up to 20 years in prison. He was also charged under a federal statute that outlines mandatory minimum sentences for using a firearm in connection with a “crime of violence.” Taylor pleaded guilty to both and was given a 30-year sentence, 10 years longer than he could have received for just the robbery charge.
A majority of the court, however, ruled that attempted Hobbs Act robbery does not qualify as a crime of violence and therefore that Taylor was not eligible for the longer sentence.
“Simply put, no element of attempted Hobbs Act robbery requires proof that the defendant used, attempted to use, or threatened to use force,” Justice Neil Gorsuch wrote for a majority of the court.
The justices upheld a federal appeals court ruling that Taylor should be re-sentenced just on the attempted Hobbs Act robbery charge.
In a dissent, Justice Clarence Thomas cited Lewis Carroll’s “Alice in Wonderland” and “Through the Looking Glass.” He said the decision is an example of how the court’s approach to deciding these kinds of cases has led lower courts on a “journey Through the Looking Glass” during which the justices have found many “strange things.” He said that like Alice, the court has strayed far “down the rabbit hole.”
“I would hold Taylor accountable for what he actually did and uphold his conviction,” he wrote.
Justice Samuel Alito also dissented, agreeing that the court’s cases in this area of the law have “veered off into fantasy land.”
Frances Pratt, one of Taylor’s attorneys, said in an email that his attorneys are “gratified to know that the Supreme Court ruled for our client” and hope the decision will also help others.
The case is United States v. Taylor, 20-1459.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/06/21/supreme-court-limits-reach-federal-gun-crime-law/ | 2022-06-21T19:22:00Z |
SHENZHEN, China, June 13, 2022 /PRNewswire/ -- Today, META Pharmaceuticals, China's first immunometabolism-based small-molecule drug discovery company, announced two consecutive Seed and Pre-A funding rounds totaling 15 million USD. Investors include Forcefield Ventures, XtalPi Inc., IMO Ventures, and Tiantu Capital. In combining cutting-edge discoveries in immunometabolism and artificial intelligence (AI), META Pharmaceuticals has built an AI-powered metabolic target discovery platform and aims to develop the next generation of safer and more effective autoimmune disease medicines based on new biological mechanisms.
The therapeutics market for autoimmune disease is the second-largest segment after cancer treatments, with an estimated 350-450 million patients worldwide. However, currently available medications are developed with biological mechanisms and drug targets with inherent drawbacks that lead to risks of severe side effects, low patient response rates, and many other problems.
Founded by a group of researchers in the emerging field of immunometabolism, META Pharmaceuticals is developing first-in-class drugs with a new mechanism that effectively regulates the immune system by modulating cell metabolism. This strategy that holds the promise of delivering treatment options with stronger potency and fewer side effects for a variety of chronic diseases. It has built a AI-enabled, multi-omics-based target discovery platform for metabolic pathways, dubbed META-Map, that can sift through thousands of metabolic proteases for specific therapeutic effects. The team has identified a series of new druggable targets with first-in-class potential and developed a pipeline with three first-in-class small molecule inhibitors, one of which is a candidate for a broad spectrum of autoimmune diseases and is expected to file for IND in both the US and China as early as 2024.
To accelerate drug discovery, META Pharmaceuticals as formed a close partnership with XtalPi, an AI drug discovery and development platform company. The two AI platforms can create a fast and reliable analytic and validation loop for new therapeutic targets and their mechanisms of action, thus accelerating the translation of new targets into patents and pipeline assets.
The new funding will help META accelerate its three candidates toward clinical trials and further expand its proprietary META-map platform to cover more disease areas as it continues to grow its pipeline. META Pharmaceuticals will also expand its team and establish its first biology laboratory in Shenzhen, China, to further strengthen the company's research capabilities in immunometabolism and drive target discovery.
Dr. Ke Xu, Co-founder & CEO of META Pharmaceuticals, said, "Thanks to the support of our investors and partners, we were able to reach significant R&D milestones and raise two rounds of financing in just six months. META Pharmaceuticals aspires to become a global leader in immunometabolic drug discovery and expedite the advent of next-generation autoimmune treatments that are safer and more effective for patients worldwide."
Dr. Shuhao Wen, Co-founder and Chairman of XtalPi said, "META's ability to discover highly promising autoimmune disease targets offers both exciting challenges and valuable insights for our AI drug discovery platform. We look forward to working closely with this team of brilliant scientists and helping them develop a fruitful pipeline of revolutionary immunometabolism-based drugs. "
"Since our seed round investment, Meta has made progress that defied our expectations," Said Thomas Yao, Partner of IMO Ventures. "Its innovative approach to immune-metabolism-based drug discovery may soon translate a whole new mechanism of action into first-in-class drugs that could transform the way autoimmune diseases are treated."
Guoxing Wei, Partner at Tiantu Capital who led the Pre-A round investment, said, "META Pharmaceuticals' approach of combining cutting-edge biological discoveries with AI technology has the potential to drive breakthroughs in immunometabolic drug R&D and fundamentally improve the quality of life for millions of patients. "
About Meta Pharmaceuticals
Meta Pharmaceuticals Inc. is an innovative drug discovery company focused on autoimmune diseases. The name META derives from the word metabolism and symbolizes the company's focus on the emerging cross-disciplinary field between metabolism and immunology to address the unmet needs of patients worldwide. Founded by a team of biomedical doctors from Weil Cornell Medicine and Memorial Sloan Kettering Cancer Center, META Pharmaceuticals is incubated by Forcefield Ventures and XtalPi, a leading AI-powered drug R&D platform company. Based on cutting-edge biology theories, META Pharmaceuticals has identified a series of autoimmune disease targets that can safely and effectively regulate immune system functions by manipulating the vitality of cellular metabolism.
META Pharmaceuticals is partnering with XtalPi to develop these targets into first-in-class therapeutics. Through the fusion of fundamental science, AI, and fast experimental validation, this collaboration leverages AI + biomedical research to create a fast and reliable analytic and validation loop for new therapeutic targets and their mechanisms of action, accelerating target discovery and their translation into new therapeutics.
About XtalPi Technologies:
XtalPi Technologies is a quantum physics and AI-enabled drug discovery company dedicated to revolutionizing the drug discovery industry by improving the speed, scale, innovation, and success of drug discovery. As a US and China-based company serving the global market, XtalPi is committed to exploring optimal solutions to leverage cutting-edge R&D and computational resources to maximize the needs of our customers and collaborators.
XtalPi's intelligent drug discovery platform integrates cloud-based supercomputing digital R&D tools with advanced experimental capabilities to form an R&D system where high-accuracy predictions and targeted experiments corroborate and guide each other. As one of the world's pioneering AI drug discovery companies, XtalPi has established a set of R&D iterative processes that closely integrate quantum physics dry labs and advanced wet labs, challenging the efficiency bottleneck of traditional R&D and empowering new drug discovery to achieve breakthroughs in innovation speed and scale.
About IMO Ventures and Forcefield Ventures:
IMO Ventures is dedicated to early-stage investment in early-stage projects in emerging industries such as artificial intelligence, innovative consumer goods, healthcare, and financial technology, and to walking with the best entrepreneurs. IMO Ventures has invested in China, the U.S., Southeast Asia, Latin America, Africa, etc. The IMO Ventures team has entrepreneurial experience, understands the sweet and sour of entrepreneurship, and believes that science and technology will change the world. IMO currently has three USD funds and one RMB fund, and manages several SPV funds. We have made early investments in dozens of disruptive and innovative startups in their respective tracks, including Guazi Used Car, XtalPi Technologies, Deepview Technology, Paytm, Conflux, Lime, etc.
Forcefield Ventures is the sub-fund under IMO ventures specializing in early-stage investment and incubation in the biomedical sector.
About Tiantu Capital:
Founded in 2002, Tiantu Capital is an active investment management company headquartered in Shenzhen, China. With over 8 billion Yuan in assets under management, our firm's business focuses on providing capital to leading companies in consumer products and healthcare industry in China. The expertise of our firm's investment team and Advisory Boards are unparalleled in breadth and depth. Tiantu has helped to accelerate growth and development for numerous startup companies in China, including Ciming Healthcare Center, Xbiome Co, Signet Therapeutics, Phoenix Healthcare Group.
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SOURCE Meta Pharmaceuticals Inc. | https://www.mysuncoast.com/prnewswire/2022/06/13/meta-pharmaceuticals-pioneer-biotech-immune-metabolism-raised-15m-usd-accelerate-its-pipeline-development/ | 2022-06-13T12:59:33Z |
NEW YORK, May 12, 2022 /PRNewswire/ -- Today, actor, designer and skateboarder Evan Mock announced the creation of $MAHCOIN, his own proprietary cryptocurrency, or social token, developed with P00LS, the leading social token platform. Mock, star of HBO Max's Gossip Girl, and renowned skateboarder, surfer and serial-collaborator for culture-defining brands, is among the earliest wave of creators stepping into Web3 by debuting a comprehensive social token strategy with P00LS, including soccer legend Ronaldinho, fashion photographer and artist Hugo Comte, and DJ and producer Aluna. This social token infrastructure will inform all of Mock's future projects, including his forthcoming fashion collection, Wahine, empowering both Mock and his community to unlock value in perpetuity. The token will be available to earn for free on the P00LS platform as of 12 PM ET today.
With the launch of $MAHCOIN— a play on slang from his native Hawaii as well as his last name— Mock is transforming his avid fan base into a global, integrated community aligned around his creative universe, projects and vision. From the skate community, to fashion aficionados, to fans of Gossip Girl, Mock's followers now have a common platform that affords them unprecedented access to Mock himself and his community with a host of utilities and perks exclusive to token holders. These include behind-the-scenes content from the Gossip Girl set, early access to his forthcoming fashion collection, access to his "close friends" story on Instagram, tickets to premieres, and access to"MAH WORLD," Mock's hybrid metaverse-IRL creative universe, among others.
In conjunction with this first-of-its-kind social token strategy, Mock has also announced his new clothing collection, entitled "Wahine," in collaboration with stylist Donté McGuine, launching later this month. While the limited edition items will be available to all for purchase, holders of the $MAHCOIN token will have early access to purchase all the items of the collection and to an exclusive Wahine t-shirt giveaway, as well as discounts on the collection.
Evan Mock has partnered with social token platform, P00LS, for the launch of $MAHCOIN. As part of the P00LS protocol, Mock's day-one fans and famous friends alike have the opportunity to secure their place in his community by earning his tokens for free on the P00LS launchpad. Through completing various actions—i.e., streaming his videos, learning about Mock's vision and creative projects, as well as sharing his work and interacting with Mock directly—community members earn tokens without ever having to pay for them. In this way, Mock has pioneered a new, highly innovative Web3 creative strategy that brings his community closer to his projects, drawing them into his larger creative world. $MAHCOIN is an ERC-20 token and will be listed on the P00LS decentralized exchange later this year, where it can be earned and traded on Ethereum.
Mock is the latest creator to launch with P00LS, the premier tool for accessing creator and community value. Founded in 2021 by French crypto entrepreneur, Hugo Renaudin, P00LS is the leading community-first Web3 protocol for creator cryptocurrencies. P00LS partners with talent and brands to launch their own social token, distribute it to their communities and list it on the P00LS decentralized exchange, where it can be earned and traded on Ethereum.
About Evan Mock: A pink-haired multihyphenate hailing from Hawaii, Mock has created a brand that extends to almost every corner of culture, from fashion weeks to skate parks to surf beaches around the globe. As an in-demand model, Mock has starred in numerous campaigns and most notably walked the runway in Paris for Virgil Abloh's Louis Vuitton Men's Spring-Summer 2020 Show. Evan Mock is a creative force, renowned actor, fashion designer and serial collaborator with culture-defining brands such as RVCA, Pandora, Mattel and many more in addition to the launch of his own streetwear brand Sorry in Advance.
About P00LS: P00LS is the leading community-first, decentralized protocol for creator cryptocurrencies. We enable creators and brands to launch their proprietary token, distribute it to their communities, and list it on the P00LS decentralized exchange, where it can be earned and traded on Ethereum. Partnering with P00LS means incentivizing audiences and fanbases to consume creator and brand content, while empowering them to promote, share, and scale it. With P00LS—the premier tool for accessing creator value—money is no longer the only currency.
Press Contact:
Harrison Vail
harrison@p00ls.io
+1 203-858-9609
LINK TO PRESS-APPROVED IMAGES HERE
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SOURCE P00LS | https://www.kxii.com/prnewswire/2022/05/12/actor-designer-skater-evan-mock-steps-into-web3-launches-social-token-with-p00ls/ | 2022-05-12T14:47:47Z |
Kansas ranked as one of worst states for road trips
TOPEKA, Kan. (WIBW) - Kansas has ranked among the worst states for summer road trips with its lowest category being attractions.
With nearly 80% of Americans reporting they will take some type of road trip during the summer of 2022, personal-finance website WalletHub.com says it released its report on 2022′s Best and Worst States for Summer Road Trips, and Kansas ranks near the bottom.
To help drivers plan a fun and wallet-friendly trip in the face of inflation and rising gas prices, WalletHub said it compared all 50 states based on metrics that include the number of attractions to road conditions to cost.
According to the study, Kansas ranks 31st overall with a total score of 47.05, a Costs rank of 9, a Safety rank of 23, and an Activities rank of 46.
All of Kansas’ border states seemed to fare much better for road-trip drivers. Nebraska ranked 14th overall with a total score of 51.12, a Costs rank of 7, a Safety rank of 13 and an Activities rank of 36.
Colorado ranked 20th overall with a total score of 49.85, a Costs rank of 26, a Safety rank of 41 and an Activities rank of 12. Meanwhile, Oklahoma ranked 23rd overall with a total score of 49.51, a Costs rank of 3, a Safety rank of 32 and an Activities rank of 38.
Lastly, the study ranked Missouri 28th overall with a total score of 48.01, a Costs rank of 5, a Safety rank of 46 and an Activities rank of 30.
The report also found that Missouri and Oklahoma were found to have the second-and third-lowest average gas prices while Colorado had the third-highest cost of car repairs. Missouri reported the fourth-fewest and Colorado reported the fewest car thefts per capita.
The report notes that Kansas and Oklahoma were found to have the third and fourth lowest percentage of the total area designated as national parkland while Nebraska was found to have the fourth-lowest price of camping.
According to the study, the best states for road trips are:
- New York
- Minnesota
- Texas
- Louisiana
- Maine
The study found the worst states for road trips are:
- Rhode Island
- Connecticut
- Delaware
- Montana
- Arkansas
For more information or to see where other states fall, click HERE.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/06/28/kansas-ranked-one-worst-states-road-trips/ | 2022-06-28T23:33:05Z |
Newest low-code API offering provides access to every credit provider in the market and enables lenders to easily toggle between soft and hard credit pulls
PHILADELPHIA, Aug. 18, 2022 /PRNewswire/ -- Staircase, the company building an integrated, digital infrastructure to accelerate tech-enabled mortgages, has launched Credit Waterfall, a new application program interface (API) that empowers lenders to streamline originations by providing access to all credit providers serving the mortgage market.
Credit Waterfall enables lenders to easily switch between credit providers to get the best pricing every time and to securely share a borrower's credit data throughout their other systems. The new API also lets lenders toggle between soft and hard credit pulls so they are able to better control expenses while protecting their leads from trigger credit pull alerts at other lenders.
Currently, most lenders order a borrower's credit through hard-wired connections between a single credit provider and their point-of-sale (POS) system or loan origination system (LOS). This strategy fails to provide lenders with the best credit option for a particular scenario and prevents them from sharing a borrower's credit data with their other systems which drive up costs.
"Pulling a borrower's credit to determine their eligibility for a loan is an essential part of the mortgage process, but also one of the largest sources of lender costs," said Soofi Safavi, Staircase cofounder and CTO. "With Credit Waterfall, lenders now have the full breadth of choices when it comes to pulling a borrower's credit, with the best possible option chosen every single time, automatically. There's nothing else on the market like it."
"Most lenders are struggling to reduce expenses, especially given today's tight housing market," said Staircase CEO and cofounder Adam Kalamchi. "Yet, they are typically hamstrung by poor technology integrations and lack of credit options when qualifying borrowers. By performing a soft pull on a borrower's credit, Credit Waterfall enables lenders to check a borrower's credit earlier in the application process without tipping off competitors that their customer is in the market for financing."
Credit Waterfall is available through Staircase's low-code credit API, which allows lenders to switch from their current credit provider in just minutes. With Credit Waterfall, lenders are only charged $1 to access any given credit provider. For $2, they can create a credit "waterfall," which uses dynamic business logic to choose the best solution from multiple credit providers. In less than a month, Credit Waterfall develops a logical sequence to provide lenders with the optimal credit workflow for their organization's needs. Lenders pay nothing if Credit Waterfall does not return any results.
"Our customers on average reduce their credit expense by 33% right away and realize further savings with just a few weeks of fine tuning," Kalamchi said.
Beyond Credit Waterfall, Staircase's unique waterfall technology has numerous applications, enabling lenders and servicers to create automated, integrated loan processing workflows using the optimum service partner or partners. If a partner does provide adequate results, Staircase automatically goes to other partners in waterfall fashion until the process is complete.
For more information about Credit Waterfall, please contact hello@staircase.co.
About Staircase
Staircase is an API and low-code marketplace which automates complex technologies and makes them self-serve for the U.S. residential mortgage industry. Focused on providing automation for complicated mortgage functions, it allows for the integration and orchestration of all U.S. mortgage industry technology providers and enables all parties throughout mortgage origination, insurance, and servicing to easily communicate with zero friction. Staircase is based in Philadelphia, with employees in over 20 countries. For more information, visit www.staircase.co.
Press Contact:
Mary McGarity
Strategic Vantage Marketing and Public Relations
(203)260-5476
MaryMcGarity@StrategicVantage.com
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SOURCE Staircase | https://www.kxii.com/prnewswire/2022/08/18/staircase-launches-landmark-credit-waterfall-technology-mortgage-lenders/ | 2022-08-18T17:57:28Z |
America needs more baby formula. But it’s an extremely tricky business
By Parija Kavilanz, CNN Business
Industry insiders have long feared a situation just like this: American parents are desperately seeking adequate supply of formula for their infants during a nationwide shortage.
The formula shortage has exposed an inflexible industry dominated by just three to four large players that own a majority of formula production in the United States. There’s little wiggle room when one plant abruptly shuts down, as Abbott Nutrition’s plant in Sturgis, Michigan, did in February after a bacterial contamination.
By May, stores were reporting as much as 40% of baby formula products were out of stock, exacerbated by ongoing supply chain slowdowns and formula product recalls.
Abbott, Reckett Benkiser and Nestle produce the United States’ top five formula brands — Enfamil, Similac, Gerber, PediaSure and Isomil — according to market research firm Euromonitor International.
Why haven’t new companies broken through in such a critical industry? There are just too many barriers to entry.
High barriers to entry
Siblings Ron Belldegrun and Mia Funt have spent over five years trying to make headway in the highly concentrated formula market.
They’re cofounders of New York-based ByHeart, a direct-to-consumer formula brand that uses organic, grassfed cow’s milk that is devoid of some ingredients used in name-brand formulas that have grown unpopular with health-conscious parents, such as corn syrup, maltodextrin (a starchy additive in food products), soy or palm oil.
Getting their product on the market wasn’t easy. Belldegrun and Funt’s formula had to meet all federal nutrient requirements, a long and arduous process. They spent two years searching for a manufacturing partner before deciding to acquire a facility in the US to produce it themselves.
They then built up the supply chain to direct source all the ingredients to ensure quality and safety, and ran rigorous clinical trials over a six month period with 300 babies to test the safety and efficacy of their formula.
Bringing a new formula to market is tremendously expensive. Funt said the startup raised more than $190 million in pre-market capital from investors including Polaris Partners, D1 Capital Partners and Bellco Capital.
“Infant formula is — appropriately — the most regulated food in the world. The road to providing babies with sole source nutrition should be met with the highest rigor,” said Belldegrun. “But for the benefit of babies, and their parents, there need to be more incentives for new brands to rise to the challenge. We need more support for infant formula manufacturing and product innovation at the state and federal levels.”
Belldegrun said ByHeart is the first new infant formula manufacturer in over 15 years to be registered with the FDA. “We own our manufacturing, we directly source our ingredients and we sell directly to consumers,” he said.
ByHeart launched its brand in late March in the midst of a worsening national formula shortage.
Just eight weeks into its launch, Belldegrun said the rate of new ByHeart customers spiked to nearly 15 times the company’s yearly projections. ByHeart temporarily halted new subscribers and ramped up production to 24/7 at its facility.
“A wakeup call”
Shazi Visram founded her Happy Family Organics baby food company in 2003 at her kitchen table.
It quickly grew to become a leading organic baby food brand and was acquired by Danone 10 years later. Visram had started working on creating an organic infant formula for the brand in 2012. Happy Baby Organic Infant Formula hit store shelves in 2017
“It’s extremely hard to bring a new brand of formula into the market,” said Visram, who stayed on as CEO of Danone’s Happy Family Organics but left in 2017 to start her second company, HealthyBaby, in 2020.
“The regulatory process to get a product on shelves is extremely rigorous, very slow, and capital intensive. If you’re starting from scratch, the most aggressive timeline to market is three to five years, starting with recipe development, to supply chain development, then clinical trials, FDA review and finally production.”
Happy Family used an existing supplier to reformulate with probiotic and organic ingredients an existing infant formula that was already approved for sale in the United States, so she wasn’t required to conduct clinical trials for the new formula.
“Even then, it was a multi-year process to ensure we secured enough line time at the facility,” said Visram. “The hurdles to innovate in this category are so high and this current shortage is a wake-up call that we need a regulatory framework that supports pathways to innovation while maintaining the utmost quality and safety for our babies.”
Food scientist and entrepreneur Laura Katz’s is developing infant formula utilizing precision fermentation to recreate human proteins found in breast milk.
Katz, who launched her formula startup Helaina in 2019, said the objective is to produce formula with health properties previously available only through breast milk.
She was 23 when she first started researching her idea. Now 29, Katz is closer to the finish line but knows it could still take over a year or more. She’s raised $25 million to date from Siam Capital, Spark Capital and others as she looks to start manufacturing.
“Baby formula is a very sensitive and vital product and it’s why establishing its safety through testing and clinical trials is such a long journey,” she said. “But with continued innovation comes better access to choice for consumers.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/money/cnn-business-consumer/2022/05/22/america-needs-more-baby-formula-but-its-an-extremely-tricky-business-2/ | 2022-05-22T18:13:14Z |
BIRMINGHAM, Ala., June 20, 2022 /PRNewswire/ -- This week, Encompass Health (NYSE: EHC), a national leader in integrated healthcare services company with a network of inpatient rehabilitation hospitals and home health and hospice agencies, launched its 150th post-acute inpatient rehabilitation hospital in Jacksonville, Florida, with Oracle Cerner Corporation's electronic health record (EHR) system. Implementing Oracle Cerner technology in all Encompass hospitals enables clinicians to learn and use one platform.
In 2009, Encompass Health paired with Oracle Cerner to deploy an inpatient rehabilitation hospital EHR, piloting the technology for two years in three hospitals. Following the successful pilot, in 2011, the companies began a large and complex rollout to implement the system in every Encompass Health hospital nationwide. Named ACE IT for Advancing Clinical Excellence through Information Technology, the project transformed Encompass Health from a paper-based system to an electronic workflow and documentation system.
"Having a standardized EHR and deployment strategy across all our hospitals has increased our ability to successfully complete and integrate developments, acquisitions, investments and joint ventures consistent with our growth strategy, including realization of anticipated revenues, cost savings and productivity improvements," said Rusty Yeager, Encompass Health Senior Vice President, and CIO.
The implementation attained Stage 6 Certification of the EMR Adoption Model from the Healthcare Information and Management Systems Society. Clinicians utilize the same system in every Encompass Health hospital, which promotes documentation efficiency and allows more time to focus on providing quality patient care. Encompass Health and Oracle Cerner also continue to develop the joint Post-acute Innovation Center, which received a 2019 CHIME Collaboration award.
"Our focus at Oracle Cerner is helping to solve ongoing challenges in healthcare including building more reliable, intuitive, and useful tools to reduce complexity and help improve the caregiver and patient experience," said Bob Kopanic, Oracle Cerner senior vice president of North American client relationships. "Supporting Encompass Health in implementing Oracle Cerner technology across all its hospitals, ensures clinicians can work at any of their facilities without needing to relearn systems and workflows – giving them more time to focus on great patient care."
Since 2011, Encompass Health has opened 61 de novo or acquired hospitals with Oracle Cerner technology in place on day 1, and there are plans to add 6 to 10 more each year.
As a national leader in integrated healthcare services, Encompass Health (NYSE: EHC) offers both facility based and homebased patient care through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. With a national footprint that includes 150 hospitals, 252 home health locations, and 99 hospice locations in 42 states and Puerto Rico, the Company provides high-quality, cost-effective integrated healthcare. Encompass Health is ranked as one of Fortune's 100 Best Companies to Work For. For more information, visit encompasshealth.com, or follow us on our newsroom, Twitter, Instagram and Facebook.
Oracle Cerner's health technologies connect people and information systems at thousands of contracted provider facilities worldwide dedicated to creating smarter and better care for individuals and communities. Recognized globally for innovation, Oracle Cerner assists clinicians in making care decisions and assists organizations in managing the health of their populations. The company also offers a connected clinical and financial ecosystem to help manage day-to-day revenue functions, as well as a wide range of services to support clinical, financial, and operational needs, focused on people. For more information, visit Cerner.com or The Oracle Cerner Blog, or connect on Facebook, Instagram, LinkedIn, Twitter or join the discussion on The Oracle Cerner Podcast.
Encompass Health Media Contact:
Casey Winger | 205 970-5912
casey.winger@encompasshealth.com
Oracle Cerner Media Contact:
Kelsey Haynes | 316-210-7033
kelsey.haynes@cerner.com
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SOURCE Encompass Health Corp. | https://www.wibw.com/prnewswire/2022/06/20/encompass-health-celebrates-launching-its-150th-hospital-with-oracle-cerner-ehr/ | 2022-06-20T22:17:00Z |
AKRON, Ohio, July 25, 2022 /PRNewswire/ -- Ohio Edison and Pennsylvania Power (Penn Power), FirstEnergy Corp. (NYSE: FE) utilities, have hired 21 graduates of Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps prepare the next generation of line and substation workers for FirstEnergy's 10 electric utility companies.
The graduates all recently completed the Power Systems Institute (PSI) training program in partnership with Stark State College in North Canton, earning their associate of applied science degree in Electric Utility Technology. This is the fourth graduating class since 2014.
"Our Power Systems Institute develops top-quality, well-educated men and women for the electric utility industry," said Edward Shuttleworth, president of Ohio Operations. "We look forward to these graduates joining our workforce to help continue providing safe and reliable electric service for our customers."
The new Ohio Edison line employees listed by work location, with their hometowns, are:
- Akron Service Center – Christopher Jackson, Barberton
- Elyria Service Center – Jack Clark, Shreve; Cole Clarke, Canton
- Kent Service Center – John Lawrence, Cuyahoga Falls
- Kinsman Service Center – Chayse Creager, Paris; Alex Rusu, Canfield
- Marion Service Center – Bradley Johnson, Mansfield.
- Medina Service Center – Nicholas Mayer, Akron; Zachary Oblisk, Akron
- Sandusky Service Center – Keaton Dyer, Ravenna
- Springfield – Zachary Forshey, Springfield
- Youngstown – Cory Andric, Beloit
The new Ohio Edison substation employees listed by work location, with their hometowns, are:
- Akron Service Center – Austin Wolfe, Canton; Johnathan Zerbini, Akron
- Elyria Service Center – Chase Grealy, Huron; Sara Hines, Mansfield
- Marion Service Center – Aaron Bradley, Mansfield
- Youngstown Service Center – Brenden Moore, Canton
- Warren Service Center – Salvatore Santell, Kinsman
The new Penn Power lines employees listed by work location, with their hometowns, are:
- Cranberry Service Center – Nick DiNardo, New Brighton, Pennsylvania; Tyler French, Bessemer, Pennsylvania
PSI students split time between classes at Stark State and Ohio Edison training facilities in Massillon. Since the program's inception, FirstEnergy has hired more than 2,400 lineworkers and substation personnel who completed PSI programs in Maryland, New Jersey, Ohio, Pennsylvania and West Virginia.
For information about the PSI program, call 1-800-829-6801, or visit www.firstenergycorp.com/psi.
Ohio Edison serves more than 1 million customers across 34 Ohio counties. Follow Ohio Edison on Twitter @OhioEdison and on Facebook at www.facebook.com/OhioEdison. Penn Power is a subsidiary of FirstEnergy Corp. and serves more than 160,000 customers in all or parts of Allegheny, Beaver, Butler, Crawford, Lawrence, and Mercer counties in western Pennsylvania. Follow Penn Power on Twitter @Penn_Power, on Facebook at www.facebook.com/PennPower and online at www.pennpower.com.
FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy on Twitter @FirstEnergyCorp or online at www.firstenergycorp.com.
Editor's Note: Photos of FirstEnergy's Power Systems Institute training program are available for download on Flickr.
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SOURCE FirstEnergy Corp. | https://www.kxii.com/prnewswire/2022/07/25/ohio-edison-penn-power-add-new-line-substation-workers-power-systems-institute-training-programs/ | 2022-07-25T14:36:30Z |
Breakthrough to Utilize its Expertise in Lab Development and Operations to Support Boulder's Burgeoning Yet Underserved Biotech Community
BOULDER, Colo., Aug. 11, 2022 /PRNewswire/ -- Breakthrough Properties, a leading global developer of life sciences real estate backed by a joint venture of Tishman Speyer and Bellco Capital, today announced it has acquired a 9.3-acre, four-building campus in Boulder, CO, which will be transformed into "Boulder 38 by Breakthrough" featuring 164,000-square-feet of office, lab and flex space.
Boulder 38 by Breakthrough is situated in the heart of the city within convenient proximity to local retail, restaurants and amenities, as well as large technology and life science campuses. Located at the intersection of 38th Street and Arapahoe, the property features easy access into and out of Boulder and is just one mile from Jennie Smoly Caruthers Biotechnology Building, a 400,000-square-foot research and teaching facility at the University of Colorado Boulder.
"We are excited to bring the Breakthrough platform to Boulder and contribute to the phenomenal growth of a thriving life science innovation market," said Daniel D'Orazi, EVP and Chief Investment Officer. "From our fully integrated design and development teams to our highly experienced lab operations platform, Breakthrough is uniquely positioned to provide best-in-class infrastructure and amenities to meet the intense and growing demand for high quality lab and office environments in this supply-constrained market."
Research conducted at the University of Colorado and the surrounding ecosystem has helped to foster a thriving regional bioscience hub. According to CBRE market report data, the Boulder life sciences market has maintained over one million square feet of active life science requirements over the past 18 months, and workspaces with elevated amenities is a desired feature of the companies located in the area.
"Boulder has succeeded in cultivating a unique ecosystem propelled by leading research and academic institutions, creative residents and premier outdoor recreational amenities," said Tishman Speyer Senior Managing Director Paul DeMartini. "We are excited by this opportunity to create a world-class research campus that will serve as a magnet for life science innovation and talent."
The acquisition and redevelopment of Boulder 38 is being capitalized by the Breakthrough Life Science Property Fund. The Fund, which held its final closing in April of this year, raised $3 billion in direct capital and co-investments to scale a global portfolio of best-in-class ecosystems for dynamic early-, mid-, and late-stage life science companies.
Since its founding just over three years ago, Breakthrough has assembled a pipeline of more than 4.6 million square feet of projects in various stages of construction and pre-development across the United States and Europe.
Boulder is the fourth new market that Breakthrough has entered during 2022. Breakthrough recently announced its acquisition of 2300 Market Street in Philadelphia's burgeoning Center City district, with plans to redevelop the site to support over 200,000 square feet of life science space. Breakthrough also recently completed its first acquisitions in the Oxford and Cambridge life science hubs in England.
Other notable Breakthrough projects include The 105 by Breakthrough in Boston, home to CRISPR Therapeutics' U.S. facility; the 10-acre Torrey View by Breakthrough campus, which will house global medical technology company BD (Becton, Dickinson and Company)'s expanded San Diego Reagent Innovation Center for its growing BD Biosciences, in San Diego; Trinity House in Oxford, England; and The Vitrum Building, located inside St. John's Innovation Park in Cambridge, England.
Breakthrough puts sustainability at the forefront of all of its initiatives with a particular emphasis on increasing energy efficiency, reducing carbon emissions and providing healthy workspaces for users. The Company targets LEED Gold certification at its United States properties, as well as BREEAM Outstanding certification in all of its projects across the United Kingdom and EU markets.
About Breakthrough Properties (www.btprop.com)
Formed in 2019 as a joint venture between global real estate owner, developer and investor Tishman Speyer and biotechnology investment firm Bellco Capital, Breakthrough Properties is a life science real estate development company that leverages cross-sector collaboration to deliver environments that foster innovation and scientific breakthroughs. Breakthrough Properties' mission is to acquire, develop and operate the best life science properties in leading urban technology centers around the world and support scientific innovation across biotechnology, agriculture and nutrition. Breakthrough combines Tishman Speyer's decades of global real estate development experience with Bellco Capital's industry-making biotechnology entrepreneurship to reimagine environments where companies can create life-changing therapies for patients.
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SOURCE Breakthrough Properties | https://www.wibw.com/prnewswire/2022/08/11/breakthrough-properties-enters-boulder-market-with-acquisition-development-boulder-38-by-breakthrough/ | 2022-08-11T16:53:23Z |
Everton lifts survival hope with win over lackluster Man Utd
LIVERPOOL, England (AP) — Everton has gained a huge win in its fight for survival and further damaged Manchester United’s top-four hopes with a 1-0 victory in the Premier League. Anthony Gordon’s shot from the edge of the penalty area deflected into the net off the outstretched leg of United defender Harry Maguire in the 27th minute at Goodison Park. It was another lackluster performance by United, which stayed three points behind the two teams in fourth and fifth place and have played more games. Everton bounced back from a demoralizing loss at relegation rival Burnley on Wednesday to move four points clear of the bottom three. | https://localnews8.com/sports/ap-national-sports/2022/04/09/everton-lifts-survival-hope-with-win-over-lackluster-man-utd/ | 2022-04-09T14:39:32Z |
NEEDHAM, Mass., Sept. 1, 2022 /PRNewswire/ -- Needham Bank announced that Blake Bamford has joined the Commercial & Industrial (C&I) Lending group as Senior Vice President Structured Finance Relationship Manager. Mr. Bamford has over 13 years of experience in financial services, with expertise in C&I lending and customer relationship management.
He will evaluate, authorize and recommend approval for commercial loans that are generally greater than $10 million in commitment size. He also will assist James Daley, Senior Vice President-Structured Finance with the build-out of the Bank's C&I Structured Finance segment.
From 2013 to 2022, Mr. Bamford worked at Customers Bank, in a variety of roles. Most recently, he was Senior Vice President, where he managed over $210 million in total commitments. Prior to that, he was the Vice President, Relationship Manager.
"I am thrilled to be joining a bank and a team that are experiencing such incredible growth," said Mr. Bamford. "I know the Structured Finance team has already closed some impressive renewable energy deals, and I am looking forward to using my knowledge to help expand the portfolio."
"I am incredibly pleased to welcome Blake to the Needham Bank," commented Mr. Daley. "Blake is bringing extensive industry experience and success, which will make him a great addition to the team and help us to continue to build out the Structured Finance practice."
In addition to his work experience, Mr. Bamford has a Bachelor of Science degree in finance from the University of Maine and an MBA from the University of Massachusetts Lowell. He also received his certificate in fundamentals of credit analysis from the Massachusetts Bankers Association. Mr. Bamford volunteers for the North Andover Soccer Association as a youth soccer head coach.
Needham Bank offers an array of tech-forward products and services that businesses and consumers use to manage their financial needs. We have the financial expertise typically found at much larger institutions and the local knowledge and commitment you can only find at a community bank. Known as the "Builder's Bank," Needham Bank has been helping individuals, businesses and non-profits build for their futures since 1892. For more information, please visit https://NeedhamBank.com. Needham Bank is a member of FDIC and DIF.
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SOURCE Needham Bank | https://www.wibw.com/prnewswire/2022/09/01/blake-bamford-joins-needham-bank-senior-vice-president-structured-finance-relationship-manager/ | 2022-09-01T16:41:22Z |
SALT LAKE CITY, Aug. 31, 2022 /PRNewswire/ -- Strider Technologies, Inc. ("Strider") today announced a new strategic partnership with Mandiant to deliver joint customers access to the Strider Shield™ dataset as part of their suite of Mandiant Insider Threat Security Services. The partnership is designed to provide organizations with actionable and contextualized insights that will help decrease investigation times, expand visibility into emerging risk landscapes, and move security and legal teams to a proactive risk management posture.
"We constantly search for partners with new, innovative technologies that provide real value to our customers," said Jon Ford, Managing Director at Mandiant. "Strider—and the unique data insights they provide—is a complementary addition to the Mandiant Insider Threat Security Services. Mandiant is proud to work with Strider to provide this capability to our customers to identify and mitigate this growing risk."
Mandiant Insider Threat Security Services provide protection against insider threats—ranging from advanced state-sponsored espionage to unintentional insiders—for all stages of the attack lifecycle. The two-pronged approach assesses existing insider threats in a customer's specific environment and builds security program capabilities to prevent, detect and stop insider threats in their tracks.
Strider Shield illuminates potential compliance, on-network intellectual property theft, and talent solicitation risks tied to state-sponsored actors, utilizing targeted data collection and a proprietary risk methodology. With access to over 7,000 proprietary Strider Shield data points that can be customized and added to internal systems, joint customers can identify high-risk activities that may pose threats and compliance risks to their organizations.
"We are passionate about working with partners who share our vision to provide customers with the best capabilities and solutions to protect the most critical assets of organizations. Today, companies are on the frontlines of a new geopolitical battle for technology and talent, and they need the capabilities to counter these threats," said Eric Levesque, Co-founder & COO of Strider. "As a trusted security leader, Mandiant is the perfect fit. We are thrilled to partner with them to help organizations compete in this evolving risk landscape."
About Strider
Strider is revolutionizing the way companies, universities, research institutions, and government agencies protect their innovation and compete in a new era of global strategic competition. Our trailblazing technology and intelligence solutions enable clients to proactively identify, manage, and respond to nation-state-directed IP theft and supply chain vulnerabilities. Strider has operations in Salt Lake City, UT, and Washington, D.C.
Related Links
https://www.striderintel.com
https://www.mandiant.com/services/insider-threat-assessment
Contact: Dan Palumbo, Dan@vrge.us
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SOURCE Strider Technologies, Inc. | https://www.kxii.com/prnewswire/2022/08/31/strider-technologies-partners-with-mandiant-protect-against-intellectual-property-theft-state-sponsored-actors/ | 2022-08-31T13:49:56Z |
ILLUSTRATED NOVEL INSPIRED BY AN IDEA FROM STEVEN SPIELBERG IN COLLABORATION WITH ILLUMINATION'S CHRIS MELEDANDRI TO BE PUBLISHED WORLDWIDE APRIL 4, 2023
NEW YORK, June 9, 2022 /PRNewswire/ -- Scholastic, the world's largest publisher and distributor of children's books, is set to publish BIG TREE, an immersive novel in words and pictures by Brian Selznick, the #1 New York Times bestselling creator of the Caldecott Medal-winning The Invention of Hugo Cabret. This new trailblazing tour de force will be released in hardcover and ebook formats on April 4, 2023, simultaneously in the U.S., U.K., Canada, Australia, and New Zealand. Illumination owns the film rights for the book.
The story, which began as an original idea from film legend Steven Spielberg, with guidance by Illumination Founder and CEO Chris Meledandri, is Selznick's most broadly reaching and ambitious work to date. A love letter to the natural world, BIG TREE follows two tiny sycamore seeds, Louise and Merwin, as they try to save the world while searching for a safe place to grow. In the spirit of such timeless classics as Charlotte's Web, The Wizard of Oz and Alice in Wonderland, BIG TREE is a fast-paced epic adventure that takes readers on a mesmerizing journey from the prehistoric age to present day. It is filled with mystery and danger, humor, heart, and hope, and will captivate readers ages seven and up. At 528 pages with nearly 300 pages of Selznick's iconic graphite illustrations, BIG TREE is a breathtaking visual journey through time, nature and love that will thrill the whole family. The book will be printed on paper certified by the Forest Stewardship Council (FSC), the global standard-setter for responsible forest management.
In a statement, Brian Selznick said, "Creating this book was a great joy and an even greater challenge because I was telling a story about nature from nature's point of view. It grew into a narrative I'm very proud of, one that reminds us to stop and listen to the world around us, and to help those who need to be helped. These themes seem to grow more and more urgent with each passing day."
Steven Spielberg said, "The tale of the natural world is the greatest story we have to tell, and Brian delivers a brilliant chapter of it in the pages of Big Tree. It was an absolute joy for Chris and me to help grow the seed of this idea and then sit back and watch Brian's singular talent produce such a wonderful book."
Illumination's Chris Meledandri said, "Brian Selznick is a singular talent who immerses the reader in the natural world with his stunning imagery. In Big Tree, Brian anthropomorphizes nature in an epic tale that grips you from start to finish and resonates emotionally long after you have finished reading."
Ellie Berger, President, Scholastic Trade, said, "Big Tree is rich storytelling at its finest, a page-turning adventure with wonderful characters, about how even the smallest can make an impact and save our world. We are proud to publish this remarkable and engaging novel that will be embraced and shared by readers of all ages, for generations to come."
About Big Tree
A mysterious voice has been calling to Louise in her dreams. She and her brother Merwin are tiny sycamore seeds trying to save the world while searching for a safe place to grow. As they sail into the unknown, far from their Mama Tree, they must use their wits and imagination to navigate a dangerous world—filled with dinosaurs, floods, meteors, and volcanoes! Selznick creates a lush setting featuring an unforgettable cast of characters—from Mushroom Ambassadors and underwater Scientists to a wise Ghost Leaf and the mad King Seaweed—taking readers on a mesmerizing journey from the prehistoric age to the present day. With inventive storytelling and stunning illustrations, Big Tree is a spellbinding work from a gifted bookmaker at the top of his creative form.
About Brian Selznick
Brian Selznick is one of the most innovative storytellers of our time. His books have sold millions of copies, garnered countless awards worldwide, and have been translated into more than 35 languages. He broke open the novel form with his genre-breaking thematic trilogy, beginning with the Caldecott Medal-winning #1 New York Times bestseller The Invention of Hugo Cabret, adapted into Martin Scorsese's Oscar-winning movie Hugo. He followed that with the #1 New York Times bestseller, Wonderstruck, adapted into the eponymous movie by celebrated filmmaker Todd Haynes, with a screenplay by Selznick, and then the New York Times bestseller, The Marvels. In praising his body of work, The Washington Post said, "Brian Selznick proves to be that rare creator capable of following one masterpiece with another." The Associated Press called Selznick "one of publishing's most imaginative storytellers." Selznick's most recent bestselling novel Kaleidoscope was a New York Times Notable Children's Book of 2021. He also illustrated the 20th anniversary edition covers of J.K. Rowling's Harry Potter series, as well as Baby Monkey, Private Eye, co-written by his husband David Serlin. They divide their time between Brooklyn, New York and La Jolla, California. For more information about Brian Selznick and his books, visit http://mediaroom.scholastic.com/brianselznick.
About Scholastic
For more than 100 years, Scholastic Corporation (NASDAQ: SCHL) has been encouraging the personal and intellectual growth of all children, beginning with literacy. Having earned a reputation as a trusted partner to educators and families, Scholastic is the world's largest publisher and distributor of children's books, a leading provider of literacy curriculum, professional services, and classroom magazines, and a producer of educational and entertaining children's media. The Company creates and distributes bestselling books and e-books, print and technology-based learning programs for pre-K to grade 12, and other products and services that support children's learning and literacy, both in school and at home. With 15 international operations and exports to 165 countries, Scholastic makes quality, affordable books available to all children around the world through school-based book clubs and book fairs, classroom libraries, school and public libraries, retail, and online. Learn more at www.scholastic.com.
BIG TREE by Brian Selznick
Scholastic Press; Ages 7 and up
Jacketed Hardcover ISBN 9781338180633; Ebook ISBN 9781338856149
528 Pages; $32.99 US
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SOURCE Scholastic | https://www.wibw.com/prnewswire/2022/06/09/scholastic-plants-big-tree-by-1-new-york-times-bestselling-author-award-winning-artist-brian-selznick/ | 2022-06-09T15:18:48Z |
Whitesboro-Howe Volleyball Highlights
Whitesboro-Howe Volleyball Highlights
Published: Sep. 6, 2022 at 11:03 PM CDT|Updated: 6 minutes ago
Whitesboro-Howe Volleyball Highlights
Copyright 2022 KXII. All rights reserved.
Whitesboro-Howe Volleyball Highlights
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/09/07/whitesboro-howe-volleyball-highlights/ | 2022-09-07T04:10:18Z |
Ardmore says city’s water pumps are getting hit by the heat
ARDMORE, Okla. (KXII) - The City of Ardmore says the high temperatures are causing a lot of problems for the water distribution system.
According to the public works department, the sun is cooking the technology that pumps water to the city.
At 95 degrees, the pump’s motors start to overheat and stop working, but public utilities director Shawn Guerin says the average customer won’t really notice anything wrong.
So far the city has been able to fix everything before customers notice by switching to a backup manual system.
Guerin said they’ve been planning for these high temperatures, in fact the city put in a order for upgrading the air conditioning units stationed near the pumps.
But Ardmore isn’t the only city in Oklahoma dealing with these high temperatures, and Guerin said the manufacturers who make these parts are backed up.
So while the city wait for parts, the motors are being run running manually.
Guerin said plan b is working, but its still stressful for city workers.
“You worry about what could happen and so everybody’s kind of on edge, but we’ve been able to manage the failures so far with the equipment,” Guerin said. “And so we had some things in place so that if it happens, this is what we do, and we had the backup equipment and it all worked out real nice this year. We’ll just keep our fingers crossed that we get through august and hopefully it cools off.”
Guerin said the only problem with manual is that city workers cant see the water levels and pump rates from the office. Instead, they have to go get readings in person.
While waiting for the parts, the city has put a few more people on the overnight shift to handle the extra work.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/07/29/ardmore-says-citys-water-pumps-are-getting-hit-by-heat/ | 2022-07-29T23:51:26Z |
Teen employee killed at Colorado Walgreens; coworker arrested
COLORADO SPRINGS, Colo. (KKTV/Gray News) - A teenager killed at a Colorado Springs Walgreens allegedly expressed concerns for a year about the man accused in her death.
According to arrest papers obtained by KKTV Tuesday, then-16-year-old Riley Whitelaw told store managers in 2021 that coworker Joshua Johnson was making advances towards her and she was uncomfortable.
A year after she first made the complaint, Whitelaw was dead and 28-year-old Johnson was in custody on first-degree murder charges.
Police said they received a 911 call just before 7 p.m. Saturday. The man on the line said a body had been found in the break room at the Walgreens off Centennial and Vindicator.
“Several police cars came speeding into the parking lot, and I looked out my window, which is right across, and they went inside, went in circles around the building and then came out, and they were here for hours,” Jennifer James said.
According to the arrest affidavit, responding officers found a young woman on the floor with neck injuries and blood all over the room. Her ID badge and radio earpiece were lying near her feet.
“Officers observed no signs of life,” the affidavit stated.
The person who called 911 was identified as one of the managers at the store. He told police Whitelaw had gone on break earlier in the afternoon and never returned.
According to the arrest affidavit, the manager reviewed surveillance video and saw Johnson stacking bins in front of the surveillance camera until it blocked the view. He also said someone had taped paper over the windows in the area of the break room, and the “restroom closed” sign was placed in the area to keep people out, something that doesn’t happen until the end of the business day.
The manager said he checked the break room after viewing the surveillance and found Whitelaw’s body.
A 16-year-old customer told police she was standing in the deodorant aisle when she heard a female screaming and the sound of stall doors slamming.
Johnson was arrested by state troopers the following day nearly 100 miles outside the city. He was covered in cuts and bruises when troopers spotted him on the side of the interstate Sunday morning, and he told troopers he had been attacked at a Walgreens in Colorado Springs, said Sgt. Troy Kessler with Colorado State Patrol.
But when troopers checked in with the Colorado Springs Police Department, they learned Johnson was actually the suspect in the incident. He was swiftly arrested and taken back to Colorado Springs, where he was being held without bond in the El Paso County Jail.
During a interview, Johnson allegedly admitted to being in the break room and claimed he fell in the blood and went home to change his clothes. The affidavit states that Johnson denied stacking boxes in front of the camera “even when confronted that there was surveillance video showing him doing it.”
He also allegedly acknowledged having a crush on Whitelaw at one point but claimed it was over. However, in their own interviews with police, one of the managers reportedly said she had asked for a different schedule as recently as several weeks ago to avoid working with Johnson, and another manager told officers Johnson showed signs of jealousy when Whitelaw’s boyfriend started working at the store in the spring.
This remains an active investigation. The Walgreens location remains closed Tuesday.
Copyright 2022 KKTV via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/06/15/teen-employee-killed-colorado-walgreens-coworker-arrested/ | 2022-06-15T13:08:34Z |
New 65+ Primary Care Clinics Continuing to Raise The Standard For Healthcare in North Florida
TAMPA, Fla., June 8, 2022 /PRNewswire/ -- VIPcare, a patient-focused primary care network based in Florida, is excited to be teaming up with Greyson Thomas, M.D. for Better Health with the opening of two new VIPcare primary care clinics located in Ocala and Fort McCoy.
Dr. Thomas, previously of Thomas Internal Medicine, will be the primary care physician at VIPcare's newest locations. He is board-certified in internal medicine and brings extensive clinical experience in providing care to the residents of Ocala and Fort McCoy.
VIPcare is excited to be partnering with Dr. Thomas, and together they look forward to transforming primary care and offering quality healthcare to Medicare beneficiaries.
With the impact of the COVID-19 pandemic on community health resulting in a national epidemic of delayed health screenings and worsened chronic conditions, VIPcare has adapted to the risks and has remained committed to delivering the first line of care in communities. In addition, they have successfully and safely maintained continuity of care to their patients with both preventive and routine care.
"It is with great excitement and positivity that I embark on a new journey in my medical career by joining VIPCare," Dr. Thomas said. "The resources and support that VIPCare can offer will allow me to improve the timeliness and quality of care that my staff and I can provide to the people of Marion County. I look forward to creating personal relationships with new patients while fostering existing relationships with current patients as we strive to achieve our goal of Better Health for all!"
VIPcare uses a model that puts quality time spent between a doctor and patient at the forefront. By spending more time with the physician, VIPcare believes patients will get more thorough diagnoses and treatments, leading to a better quality of life and less time spent in the hospital.
Unlike other healthcare providers, VIPcare encourages patients to see their physicians often where highly specialized care is created just for them and their specific needs.
In efforts to guide patients to Better Health, VIPcare helps to eliminate potential health care burdens by offering services including same-day appointments, transportation assistance to and from clinics, and virtual visits when needed. VIPcare physicians are dedicated to always doing what needs to be done to provide a better experience and the highest quality of care to their patients. They believe in quality, not quantity.
VIPcare primary care physicians walk side-by-side with their patients, providing them with access to comprehensive health care services, which allows them to take a proactive role in their health care journey.
The new VIPcare clinics, located at 1111 NE 25th Ave., Ste. 301, Ocala, FL 34470 and 15035 NE Hwy 315, Fort McCoy, FL 32134, are now accepting patients who receive Medicare Advantage plan benefits. Those interested in scheduling an appointment at either clinic can call 352-290-2506 or visit www.getvipcare.com to learn more.
About VIPcare
Serving communities for more than 15 years, VIPcare operates over 40 clinics throughout Florida. With 65+ providers, VIPcare cares for more than 23,000 Medicare Advantage beneficiaries utilizing a high-touch population health management approach that prioritizes spending quality time with the physician. By focusing on a senior care model and increasing access to high-quality care, VIPcare's model is at the forefront of the future of healthcare, as opposed to the current system the healthcare organization refers to as "sick care." VIPcare patients are encouraged to see the doctor often instead of only when they are sick, contributing to their success towards patient outcomes.
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SOURCE VIPcare | https://www.mysuncoast.com/prnewswire/2022/06/08/patient-focused-health-network-vipcare-joins-forces-with-local-provider-open-two-new-clinics-ocala-fort-mccoy/ | 2022-06-08T16:52:06Z |
Krispy Kreme brings back fall favorites earlier than ever
(Gray News) - Fall is arriving at Krispy Kreme earlier with old favorites and a couple of new ones.
Krispy Kreme is kicking off pumpkin spice season on Aug. 8, a month earlier than the company did in 2021.
The lineup includes a new Pumpkin Spice Latte Swirl Doughnut and a new Pumpkin Spice Iced Coffee. Old favorites are also coming back, including the Pumpkin Spice Original Glazed Doughnut, the Pumpkin Spice Original Filled Cheesecake Doughnut, the Pumpkin Spice Cake Doughnut and a Pumpkin Spice Latte.
“Sure, pumpkin spice is generally associated with fall, but true fans of the flavor will agree that August is close enough!” Dave Skena, Global Chief Brand Officer for Krispy Kreme, said in a release. “So, we’re pulling fall forward, enabling our guests to indulge and enjoy early with delicious pumpkin spice doughnuts and drinks, including our Pumpkin Spice Latte.”
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/08/04/krispy-kreme-brings-back-fall-favorites-earlier-than-ever/ | 2022-08-04T18:02:01Z |
Fried chicken chain Bojangles coming to Belden Village area
JACKSON TWP. – Fried chicken lovers in the Belden Village area and beyond will soon have another dining option.
Bojangles, a North Carolina-based fried chicken chain widely popular in the Southeast, plans to expand to Northeast Ohio.
Chris Maggiore, owner of Jerzee’s Sports Grille and several other businesses in the area, will be the franchise owner of 10 Bojangles locations through his company, Magg Family Holdings. The first of those restaurants is planned to be built in a plaza on Everhard Road NW, across the street from the Holiday Inn and in front of the Red Roof Inn.
Maggiore said the Jackson Township location will be 3,200 square feet and include two drive-thrus, as well as indoor seating. He also said the new restaurant, which he estimated could cost upward of $1.6 million before land costs, has the potential to create between 70 and 80 new jobs in the township.
Bojangles didn't respond to a request for comment.
Why Bojangles?
Maggiore said that once he bought the plaza, he began looking at different franchises to bring to the area. Due to his experience in the quick-serve restaurant market and Bojangles’ success in the business, Maggiore said, he hand-picked the chain as the best option for the location.
"They've got an amazing company structure (and) culture, a phenomenal menu, fresh products (and) breakfast all day," he said. "It was a great fit. … I think it's going to be really well received and do really well.”
In an area inundated with similar fried chicken restaurants — including Chick-fil-A, Raising Cane’s, Kentucky Fried Chicken and others — Maggiore said Bojangles is trying to find its niche and become a part of the area’s growing restaurant landscape.
More:Wayback Burgers coming to Belden Village area this summer
"We're not trying to compete necessarily, we're just going to focus on our brand and our quality of service and the experience we give our customers," Maggiore said. "And we already know the product is amazing."
When can customers expect to try it?
Currently, there is no set date for when any of the Bojangles locations in Northeast Ohio are expected to become operational. Randy Gonzalez, fiscal officer and economic development director for Jackson Township, said the township has not received any permit applications from Maggiore regarding the Bojangles project.
Maggiore said he hopes the project can be completed by late 2022, though he couldn’t say for sure.
Bojangles has also planned to open 15 locations in the Columbus area, which may be its first introduction to the Ohio market. The locations and opening dates for those restaurants have not yet been announced.
Includes reporting by the Columbus Dispatch.
Reach Ryan via email at rmaxin@gannett.com, on Twitter at @ryanmaxin or by phone at 330-580-8412. | https://www.cantonrep.com/story/news/2022/05/13/bojangles-location-coming-everhard-road-nw-belden-village-jackson-township-chris-maggiore/9722429002/ | 2022-05-13T10:14:30Z |
A man who attacked police officers with poles during the riot at the U.S. Capitol was sentenced on Tuesday to more than five years in prison, matching the longest term of imprisonment so far among hundreds of Capitol riot prosecutions.
Mark Ponder, a 56-year-old resident of Washington, D.C., said he “got caught up” in the chaos that erupted on Jan. 6, 2021, and “didn’t mean for any of this to happen.”
“I wasn’t thinking that day,” Ponder told U.S. District Judge Tanya Chutkan, asking her for mercy before she sentenced him to five years and three months in prison.
That was three months longer than the prison sentence requested by prosecutors. And it’s the same sentence that Chutkan gave Robert Palmer, a Florida man who also pleaded guilty to assaulting police at the Capitol.
More than 200 other Capitol riot defendants have been sentenced so far. None received a longer prison sentence than Ponder or Palmer.
Chutkan said Ponder was “leading the charge” against police officers trying to hold off the mob that disrupted Congress from certifying President Joe Biden’s electoral victory.
“This is not ‘caught up,’ Mr. Ponder,” she said. “He was intent on attacking and injuring police officers. This was not a protest.”
Chutkan has consistently taken a hard line in punishing Capitol rioters. She has handed down terms of imprisonment to all 13 riot defendants who have come before her, matching or exceeding the Justice Department’s sentencing recommendation in every case, according to an Associated Press review of court records.
Prosecutors had recommended a five-year prison sentence for Ponder, who has been jailed since his arrest in March 2021.
In April, Ponder pleaded guilty to an assault charge punishable by a maximum sentence of 20 years in prison. Federal sentencing guidelines called for a prison term ranging from nearly five years to just under six years, but Chutkan wasn’t bound by those recommendations.
More than 100 police officers were injured during the riot.
Defense attorney Joseph Conte said Ponder was “caught up in the madness that was January 6.” Conte asked for a sentence below the guidelines range.
Ponder swung a pole at a Capitol police officer on the Capitol’s West Plaza, breaking it against the officer’s shield. After retreating into the crowd, Ponder grabbed a sturdier pole colored in red, white, and blue stripes. He used it to assault two other officers, hitting one of them in the left shoulder, before police detained and handcuffed him.
Outnumbered officers released Ponder because they couldn’t get a police vehicle to transport him. They told him to leave the Capitol, but Ponder stayed and joined a mob of rioters clashing with police at a tunnel.
Capitol Police Sgt. Aquilino Gonell, one of the officers assaulted by Ponder, said the force of Ponder’s blow shattered his shield.
“It was horrific,” Gonell said during Ponder’s sentencing hearing. “That particular day will impact me for the rest of my life.”
After his arrest, Ponder told FBI agents that he typically supports police but viewed the officers as “part of the problem” that day.
“At some point in time, the way this country is going, you gonna have to pick a side,” he said, according to prosecutors.
Ponder attended the “Stop the Steal” rally on Jan. 6 to hear then-President Donald Trump’s speech and to “peacefully protest the results of the election and the lack of attention to alleged voting irregularities,” Conte wrote in a court filing.
“He did so with no intent to do anything but add his voice to the vocal protests over the injustice he perceived had happened in the election,” the attorney added. “Unfortunately, he got caught up in the riotous atmosphere of the crowd and erroneously perceived the police as standing in the way of the crowd’s desire to protest the election results.”
Ponder has a substantial criminal record spanning three decades, including a 2008 conviction for bank robbery, according to prosecutors.
More than 840 people have been charged with federal crimes for their conduct at the Capitol on Jan. 6. Over 350 riot defendants have pleaded guilty or been convicted by a jury or a judge after trials.
More than 220 of them have been sentenced, including approximately 100 who received a term of imprisonment. Ponder is the 15th to be sentenced to a prison term exceeding one year.
The prison sentences for Ponder and Palmer may not be the lengthiest for much longer. Prosecutors are seeking a 15-year prison sentence for Guy Reffitt, a Texas man who was convicted of storming the Capitol with a holstered handgun. U.S. District Judge Dabney Friedrich is scheduled to sentence Reffitt on Monday. | https://cw33.com/news/politics/ap-politics/mans-63-month-prison-term-matches-longest-for-capitol-riot/ | 2022-07-27T18:01:16Z |
HOUSTON, Aug. 31, 2022 /PRNewswire/ -- McDermott International has been selected by Tata Steel IJmuiden B.V. to be part of an Integrated Project Management Team (IPMT) to shape and manage the execution of project Heracless (hydrogen era, carbonless). The project is located at Tata Steel's facilities in IJmuiden, 19 miles (30 kilometers) east of Amsterdam.
The project is focused on the implementation of Direct Reduced Iron Plant (DRP) and Reducing Electrical Furnace (REF) technology at the facility as the basis for Tata Steel's sustainable hydrogen-based steel production.
"Decades of experience executing mega-scale projects from concept to delivery combined with our ability to leverage knowledge from one phase to the next, make us the ideal partner to jointly develop and manage this innovative project," said Tareq Kawash, Senior Vice President, Onshore of McDermott. "We look forward to continuing to work with Tata Steel to reduce emissions and progress their strategic roadmap toward carbon-neutral steel production by 2050."
"What we do is a complicated and unique operation," explained Annemarie Manger, Sustainability Director of Tata Steel. "The new plants will be built on our site while all the current plants will remain in operation until the new installations are up and running. That requires intense integration between facilities and close collaboration between all parties and our people. The coalition that is now formed with McDermott, together with suppliers such as Danieli and Hatch, marks the start of the basic engineering to define our plans more specifically."
Work on the project will be executed from McDermott's center of excellence in The Hague, the Netherlands and Tata Steel's facilities in IJmuiden.
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 to design and build infrastructure solutions to responsibly transport and transform oil and gas into the products the world needs today. From concept to commissioning, our expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. It is called the "One McDermott Way." 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 that may impact McDermott's actual results of operations. These forward-looking statements include, among other things, statements about the expected scope and execution associated with 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 and other creditors 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. This communication reflects management's views 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
Local Media Relations
Barbara Knight
Senior Director, Business Line Communications and Marketing
+971 56 403 2903
BBKnight@McDermott.com
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SOURCE McDermott International, Ltd | https://www.kxii.com/prnewswire/2022/08/31/mcdermott-selected-by-tata-steel-heracless-project/ | 2022-08-31T12:12:17Z |
SKOPJE, North Macedonia (AP) — A protest in the North Macedonian capital over a proposal to break the deadlock in the country’s efforts to join the European Union left 47 police officers injured, police said.
The injuries occurred after a group of mostly young people broke off from the main protest, throwing stones, metal bars, eggs and Molotov cocktails at the parliament building in Skopje late Tuesday.
Thousands of people have protested nightly since the weekend over a French proposal for a compromise aimed at lifting objections by neighboring Bulgaria to North Macedonia joining the European Union.
Police said 11 protesters were detained. Prime Minister Dimitar Kovacevski condemned the attacks on the police, saying violence cannot be justified.
Interior Minister Oliver Spasovski visited the injured police officers in a hospital Wednesday. He said an investigation into the instigators of the violence was underway, and warned they would face the “strictest possible punishments.”
“We all know very well who is behind the protests and who called for them,” Spasovski said.
The minister said police had “operational information” that attacks with Molotov cocktails on state buildings were also being planned for another protest scheduled for Wednesday night, and urged protesters to refrain from violence.
Bulgaria, which as an EU member has veto powers over new members, wants North Macedonia to formally recognize its language has Bulgarian roots, to recognize a Bulgarian minority in the country and to quash “hate speech” against Bulgaria. Many in North Macedonia say acquiescing would undermine their national identity.
North Macedonia’s president, Stevo Pendarovski, and the government back the proposed French deal, which calls for the country to acknowledge in its constitution the existence of an ethnic Bulgarian minority. It would also provide for regular reviews on how the bilateral dispute is being addressed, which could potentially hamper North Macedonia’s future course toward EU membership.
Bulgaria has already formally accepted the French proposal, which now requires the backing of North Macedonia’s parliament. Lawmakers are set to convene on Thursday to set up a committee that will look into the issue. No plenary session has yet been scheduled.
The center-right main opposition party VMRO-DPMNE, many international law experts and civic organizations claim that the French proposal favors Bulgarian demands which dispute Macedonian views of regional history, language, identity and heritage.
North Macedonia has been a candidate for EU membership for 17 years. The country received a green light in 2020 to begin accession talks, but no date for the start of the negotiations has been set.
___
Follow AP’s coverage of the European Union at https://apnews.com/hub/european-union | https://cw33.com/news/ap-top-headlines/north-macedonia-47-police-officers-injured-in-protests/ | 2022-07-06T17:30:26Z |
US pump prices hit record as OPEC+ producers gather
LONDON (AP) — The OPEC oil cartel and allied countries including major exporter Russia are weighing how much oil to produce as U.S. gasoline prices hit another record high.
Thursday’s meeting comes amid speculation that the 23-member alliance, known as OPEC+, may consider breaking from its cautious series of increases and agree to pump more oil starting in July amid fears that high energy prices could slow the global economy. Higher oil and gas prices have contributed to the inflation that is plaguing the U.S. and Europe and sapping consumer purchasing power.
The group has been adding a steady 432,000 barrels per day each month, under a road map to gradually restore production cuts made during the depths of the pandemic recession in 2020.
OPEC, whose de facto leader is Saudi Arabia, has thus far taken the stance that it can’t supply more oil to make up for production lost due to sanctions against Russia. That, along with a European Union agreement to end most oil imports from Russia over its invasion of Ukraine, has helped push prices higher. Gasoline and diesel prices have also been propped up by a lack of refining capacity to turn crude into motor fuel.
The U.S. saw a record high average gasoline pump price on Thursday of $4.71 per gallon, according to AAA. The price of crude makes up about half the price of gasoline at the pump in the U.S., and prices could go even higher as the summer driving season gets underway.
High gas prices for drivers are a potential factor in U.S. politics with mid-term Congressional elections approaching later this year.
The OPEC+ decision is further complicated by the group’s failure to meet its production targets due to underinvestment and other roadblocks in some member countries. Only Saudi Arabia and the United Arab Emirates are thought to have space capacity to produce more oil. But stepping up their production would upset the balance between them and other countries that can’t produce and earn more.
U.S. oil prices fell 2.8% ahead of the meeting to $112.01 per barrel while international benchmark Brent crude fell 2.73% to $113.12 per barrel.
Oil prices fell after the Financial Times reported Saudi Arabia could be willing to increase output if Russian supplies falter due to EU sanctions.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/06/02/us-pump-prices-hit-record-opec-producers-gather/ | 2022-06-02T12:12:48Z |
PORSGRUNN, Norway, Sept. 5, 2022 /PRNewswire/ -- HydrogenPro AS (OSE: HYPRO) hereby announces that an extraordinary general meeting (the "EGM") was held today at Henrik Ibsens gate 100, 0255 Oslo, Norway at 10:00 CEST on 5 September 2022.
The EGM resolved, inter alia, to convert the company from a private limited liability company (AS) to a public limited liability company (ASA) in connection with the contemplated up-listing to Oslo Stock Exchange's main list from Euronext Growth Oslo. Other items rquired or deemed necessary in connection with the contemplated up-listing were also resolved.
Minutes from the EGM meeting is attached hereto.
For more information, please contact:
Richard Espeseth, interim CEO, +47 958 43 007
Martin T. Holtet, CFO, +47 92 24 49 02, ir@hydrogen-pro.com
About HydrogenPro
HydrogenPro is a technology company and an OEM for high pressure alkaline electrolyser and supplies large scale green hydrogen plants, all ISO 9001, ISO 45001 and ISO 14001 certified.
The Company was founded in 2013 by individuals with background from the electrolysis industry which was established in Telemark, Norway by Norsk Hydro in 1927. We are an experienced engineering team of leading industry experts, drawing upon unparalleled experience and expertise in the hydrogen and renewable energy industry.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
https://mb.cision.com/Main/21747/3626162/1623321.pdf HydrogenPro - EGM Minutes - 5 September 2022
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SOURCE HydrogenPro AS | https://www.mysuncoast.com/prnewswire/2022/09/05/hydrogenpro-minutes-extraordinary-general-meeting/ | 2022-09-05T15:39:20Z |
EAST LANSING, Mich., May 16, 2022 /PRNewswire/ -- Thousands of Michiganders are hiking into the woods in the next few weeks to hunt morels.
The colder spring gave fungi hunters time prepare and hone their skills. With so many people getting involved, the Michigan Association of Chiropractors (MAC) has prepared a website to help newbie and experienced mushroom hunters to safely go on this adventure.
"We are encouraging Michiganders to get out and hunt for morels. It is a great way to get some exercise and find these amazing mushrooms," said Dr. Ron Wilcox with the MAC. "This is part of our Get Out and Get Healthy campaign to get Michiganders walking and enjoying the outdoors. But precaution needs to be taken because picking the wrong mushrooms can make you sick."
According to the University of Alaska, some false morels contain the toxin gytomitrin, which when ingested, produces monomethylhydrazine—the primary chemical in rocket fuel. Great for space travel, but bad for your kidneys. Symptoms include headache, diarrhea, lack of muscle coordination, fever, convulsions, coma, and death.
Because they are wild mushrooms, they are both elusive and expensive. They can't be "farmed" (like Portobello, Cremini, Button, etc.). Morels have a "meaty" texture and an earthy, nutty flavor and are prized by chefs and food fans everywhere. But with the right conditions, the month of May is prime morel mushroom foraging season.
Michigan Mushroom Hunting Guide: www.MyMacWellness.com/hike
-When is the best time to hunt morels? May is morel month in Michigan, but the actual fruiting period is from late April until mid-June, depending on the location and species. Morels are not just found in the north. Some of the best picking is in southern Michigan.
- Best places in Michigan to hunt morels: You can find morels just about anywhere. You can go trekking through the woods or check around your backyard if it has a lot of trees. The best place to find these mushrooms are in forested areas, shady areas, and recently burned areas.
Meet up groups:
- Michigan Mushroom Hunters: https://www.facebook.com/groups/276387525769863
- Shroom Hunters of Michigan: https://www.facebook.com/groups/704157643451311
- Morel Mushroom Hunters of Northern Michigan: https://www.facebook.com/groups/436067046490076
Source: The Michigan Association of Chiropractors is your source for family doctors in Michigan. Chiropractic health care is the drug free choice of millions for reaching and maintaining health and wellness.
Contact:
Joe Ross
Call 24/7 - 517-281-3069
CR Marketing
crmarketing.biz
East Lansing, Michigan
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SOURCE Michigan Association of Chiropractors (MAC) | https://www.mysuncoast.com/prnewswire/2022/05/18/michigan-morel-hunting-happening-nowcaution-warranted/ | 2022-05-18T21:11:45Z |
Elon Musk has strengthened the equity stake in his $44 billion offer to buy Twitter with commitments of more than $7 billion from a diverse group of investors including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison.
A regulatory filing Thursday also said that Musk is in talks with others for additional funding, including former Twitter CEO Jack Dorsey, the social media platform’s second-largest individual stakeholder after Musk.
Ellison, who is also a board member of electric vehicle maker Tesla, is making the biggest contribution, pegged at $1 billion. Musk is Tesla’s CEO and biggest shareholder.
Other investors include tech investor Sequoia Capital Fund, which pledged $800 million, and VyCapital, which committed to $700 million, according to the filing with the U.S. Securities and Exchange Commission.
Also, Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged 35 million Twitter shares, according to the filing.
The 18 investors are a “who’s who” list of Wall Street and Silicon Valley investment firms, said Wedbush analyst Dan Ives, who follows Twitter and Tesla. Before Thursday’s announcement, Ives gave the deal a 75% chance of closing, but now it’s 90% or 95%, he said.
The high profile investors show “that it’s not Musk single-handedly trying to turn around Twitter,” Ives said.
Other investors backing Musk are technology venture capitalist Ben Horowitz, who said his firm, known as Andreessen Horowitz, or a16z, is putting in $400 million because it believes in Musk’s “brilliance to finally make it what it was meant to be.”
“While Twitter has great promise as a public square, it suffers from a myriad of difficult issues ranging from bots to abuse to censorship,” Horowitz tweeted Thursday. “Being a public company solely reliant on an advertising business model exacerbates all of these.”
Sequoia has invested in Zoom, DoorDash, Apple, Netflix and others. “We help the daring build legendary companies,” is a headline on its website.
The firm has a long history with Musk. It was an early investor in what would become PayPal, which Musk co-founded and was sold for $1.5 billion in 2002.
A $500 million commitment from cryptocurrency exchange Binance raised the possibility that Musk plans to incorporate cryptocurrencies and related technologies into his vision for Twitter, in the mold of so-called Web3 businesses that aim to create a new stage of the internet. Andreessen Horowitz has also in recent years prioritized investing in cryptocurrency startups.
“We’re excited to be able to help Elon realize a new vision for Twitter,” Binance CEO Changpeng Zhao said in a statement Thursday. “We hope to be able to play a role in bringing social media and web3 together and broadening the use and adoption of crypto and blockchain technology.”
Qatar’s sovereign wealth fund, which is contributing $375 million, declined comment Thursday.
The Saudi prince tweeted that Musk will be an “excellent leader” for Twitter and said he looked forward to rolling about $1.9 billion worth of shares into the company. It was a sharp change of tone from last month, when the prince publicly criticized Musk’s takeover proposal and Musk responded by questioning Saudi Arabia’s record on “journalistic freedom of speech.”
Originally Musk had committed to borrowing $12.5 billion with Tesla stock as collateral to buy San Francisco-based Twitter. He also would borrow $13 billion from banks and put up $21 billion in Tesla equity.
Money from the new investors cuts the amount borrowed on the value of Tesla stock to $6.25 billion, according to the filing. The Tesla equity share could go from $21 billion to $27.25 billion.
But Ives said he expects Musk to reduce the equity share with money from more investors. Musk is balancing any adverse impact on Tesla stock against his desire to buy Twitter, Ives said. “He wants Twitter, but you can’t sacrifice the golden child to get it,” Ives said.
Tesla shares closed Thursday down 8.3% at $873.28 as the broader markets fell. Analysts say investors are concerned that the Twitter bid may distract Musk from Tesla, SpaceX and his other companies.
Twitter shares closed up 2.7% at $50.36, edging closer to Musk’s offer of $54.20.
Musk in earlier regulatory filings revealed that he hassold roughly $8.5 billion worth of sharesin Tesla to help fund the purchase. Musk later tweeted that he doesn’t plan any further sales of the company’s shares, meaning he would need outside commitments to help fund the $44 billion deal.
Last November, Musk began selling shares, which he said on Twitter would go to pay for his tax obligations on stock options that are part of his all-stock compensation package. Last year he sold more than 15 million shares worth roughly $16.4 billion. | https://cw33.com/technology/ap-technology/musk-gets-7b-backing-for-twitter-bid-from-tech-heavyweights/ | 2022-05-05T23:00:50Z |
HOUSTON, Sept. 14, 2022 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announced that Kevin Roycraft, Chief Executive Officer and President of the Company, and Tracy Ohmart, Executive Vice President, Chief Financial Officer & Treasurer of the Company, will present at Singular Research's 2022 Autumn Equinox Webinar on September 14, 2022 at 3:30 pm ET. The presentation will be available online via a webinar. To listen to the live webcast, please contact Singular Research Customer Service at research@singularresearch.com or call 818-222-6234 for further information.
A slide presentation that will be referenced during the webcast will be posted to the Investor Relations page in the investor relations section of the Company's website: https://www.adamsresources.com/investor-relations/.
Adams Resources & Energy, Inc. is engaged in crude oil marketing, transportation, terminalling and storage, tank truck transportation of liquid chemicals and dry bulk and recycling and repurposing of off-spec fuels, lubricants, crude oil and other chemicals through its subsidiaries, GulfMark Energy, Inc., Service Transport Company, Victoria Express Pipeline, L.L.C., GulfMark Terminals, LLC, Phoenix Oil, Inc., and Firebird Bulk Carriers, Inc. For more information, visit www.adamsresources.com.
Company Contact
Tracy E. Ohmart
EVP, Chief Financial Officer
tohmart@adamsresources.com
(713) 881-3609
Investor Relations Contact
Gary Guyton or Steven Hooser
Three Part Advisors
(214) 442-0016
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SOURCE Adams Resources & Energy, Inc. | https://www.wibw.com/prnewswire/2022/09/14/adams-resources-amp-energy-inc-present-singular-researchs-2022-autumn-equinox-webinar-september-14-2022/ | 2022-09-14T11:52:11Z |
Florida Senate passes property insurance package
TALLAHASSEE, Fla. (AP) — The Florida Senate on Tuesday approved a sweeping legislative package meant to combat rising property insurance rates and other problems in the state’s turbulent insurance market, creating a $2 billion reinsurance fund and writing new rules around coverage denials and attorney fees.
The Republican-controlled Senate approved the legislation after hours of debate. The proposals now await passage in the House, which is expected Wednesday.
The bills come as part of a special legislative session focused solely on property insurance. Lawmakers failed to pass insurance reforms earlier this year during their regular session, which was dominated by contentious partisan fights on bills involving race, gender identity, sexual orientation and abortion.
In debate Tuesday, Senate Democrats pushed to grant immediate rate reductions or freezes for property owners but their amendments were rejected by Republicans who argued the legislation was the best path to stabilize the market in the long term. GOP legislation sponsor Sen. Jim Boyd said the measures would not result in rate decreases before 12 to 18 months.
“My constituents, who I have spent quite a bit of time with over the last several weeks and months, are in desperate, desperate need, not for 18 months from now — today, tomorrow the next day, certainly before hurricane season,” said Sen. Lauren Book, a Democrat.
The proposals would create the $2 billion Reinsurance to Assist Policyholders program for insurers to purchase insurance to help insulate themselves from risk. In order for an insurer to access the fund, it would have to reduce policyholder’s rates.
The bills would forbid insurers from automatically denying coverage because of a roof’s age if the roof is less than 15 years old. Homeowners with roofs 15 years or older would be allowed to get an inspection before insurers deny them coverage. If an inspection shows that a roof has at least five years of life remaining, insurers can’t refuse to issue a policy only based on the roof’s age, under the proposed legislation.
If a roof is more than 25% damaged but already complies with the state’s 2007 building code, it would only have to be repaired instead of replaced under an exemption to the building code that the proposed legislation creates.
Another measure would provide grants worth up to $10,000 each to retrofit homes so they are less vulnerable to hurricane damage. To qualify, properties would have to have insured values of $500,000 or less, be homesteaded, constructed before 2008 and located in areas where wind speeds from storms can exceed 140 mph (225 kph). Homeowners would get $2 from the state for every $1 they invested in mitigation efforts.
“Obviously, you want to pay lower rates, but if you make improvements, you avoid damage in the first place, so that’s going to help,” Republican Gov. Ron DeSantis said at a Tuesday news conference in Havana, Florida. “I think these reforms are positive.”
The legislation also seeks to limit various attorney fees in insurance-related cases, which insurers blame for much of the rate increases for policyholders. Supporters of the legislative package have frequently noted that Florida accounted for 9% of all insurance claims filed nationally but nearly 80% of all the property insurance lawsuits.
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The bills would allow for more state oversight so regulators can spot trends, analyze reasons and try to prevent the future failure of insurers. The insurance industry has had two years of underwriting losses exceeding $1 billion each year and several insurance companies have either gone insolvent, required midterm cancelations, are in liquidation or have stopped writing new business since 2021, the governor said in his proclamation calling lawmakers back to the Capitol.
Legislative leaders on Tuesday also reached an agreement to include in the package a measure to require that all condominiums higher than three stories statewide have periodic inspections of their structural integrity, a proposal that came in response to the Surfside condominium collapse that killed 98 people nearly a year ago.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/05/25/florida-senate-passes-property-insurance-package/ | 2022-05-25T22:03:50Z |
Company Announces Definitive Merger Agreement with CEO Rob Glaser, Subject to Shareholder Approval
SEATTLE, July 28, 2022 /PRNewswire/ -- RealNetworks, Inc. (Nasdaq: RNWK), an emerging leader in AI-based software and solutions, today announced its financial results for the second quarter ended June 30, 2022.
- Revenue was $11.9 million, net loss of $(5.1) million and Adjusted EBITDA loss of $(4.2) million
- Appointed Paul DiPeso to the newly created position of President, SAFR
- Announced CFO leadership transition; Brian McClain to serve as Interim CFO and Treasurer beginning on August 1st
Management Commentary
"The second quarter was a period of transition and transformation for Real. We brought in two new senior executives and are moving to a new decentralized structure with senior leaders running each of our businesses reporting directly to the CEO," said Rob Glaser, Founder, Chairman, and Chief Executive Officer of RealNetworks. "We added Paul DiPeso, a proven leader in the access control industry to drive our SAFR business, and Brian McClain, a professional with over 25 years of financial and business leadership as interim CFO and Treasurer."
Glaser continued: "While SAFR's results were disappointing, we've received very positive feedback on SAFR SCAN, which began shipping in May. We are confident that under Paul's leadership we can build a successful business."
Second Quarter 2022 Financial Results
- Revenue was $11.9 million, compared to $13.3 million in the prior quarter and $14.6 million in the prior year period.
- Net loss attributable to RealNetworks was ($5.1) million, or $(0.11) per diluted share, compared to a net loss of ($5.2) million, or $(0.11) per diluted share, in the prior quarter and a net loss of ($1.3) million, or ($0.03) per diluted share, in the prior year period.
- Adjusted EBITDA was a loss of $(4.2) million compared to Adjusted EBITDA loss of $(3.8) million in the prior quarter and Adjusted EBITDA loss of $(4.3) million in the prior year period.
Corporate Developments
Earlier today, it was announced that RealNetworks and Founder, Chairman and CEO Rob Glaser entered into a definitive merger agreement pursuant to which the Company will merge with and into Greater Heights LLC, an affiliate of Mr. Glaser, and each outstanding share of common stock of the Company will be converted into the right to receive cash consideration of $0.73 per share. The Company's shareholders will be asked to vote upon the adoption of the Merger Agreement and approval of the merger at a shareholders meeting called for such purpose on a date to be announced. The transaction is expected to close in the fourth quarter of 2022.
Commenting on the announcement, Mr. Glaser said, "I believe that Machine Learning-based Artificial Intelligence represents a transformational opportunity, albeit one that will also take time and resources to fully realize. I'm happy that the RealNetworks Board and I could reach agreement on a path to pursue that transformation with focus, efficiency, and speed by turning Real back into a private company, and in a way that is fair to all shareholders."
Given the pending merger, the Company will not be providing any forward-looking guidance, and is withdrawing any previously provided goals and outlook.
Conference Call and Webcast Information
RealNetworks will host a conference call today to review its results and discuss its performance at approximately 4:30 p.m. ET / 1:30 p.m. PT. Participants can access the conference call by dialing 1-877-451-6152 (United States) or 1-201-389-0879 (international). A telephonic replay of the call will also be available shortly after the completion of the call, until 11:59 p.m. ET on Thursday, August 11, 2022, by dialing 1-844-512-2921 (United States) or 1-412-317-6671 (international) and entering the replay pin number: 13731696.
A live webcast will be available on RealNetworks' Investor Relations site under the Events & Presentations section at http://investor.realnetworks.com and will be archived online upon completion of the conference call.
About RealNetworks
Building on a rich history of digital media expertise and innovation, RealNetworks has created a new generation of products that employ best-in-class artificial intelligence and machine learning to enhance and secure our daily lives. Real's portfolio includes SAFR, the world's premier computer vision platform for live video; KONTXT, an industry leading NLP (Natural Language Processing) platform for text and multi-media analysis; and leveraging its digital media expertise, a mobile games business focused on the large free-to-play segment. For information about all of our products, visit www.realnetworks.com.
About Non-GAAP Financial Measures
To supplement RealNetworks' consolidated financial information presented in accordance with GAAP in this press release, the company also discloses certain non-GAAP financial measures, including adjusted EBITDA and contribution margin by reportable segment, which management believes provide investors with useful information.
In the financial tables of our earnings press release, RealNetworks has included reconciliations of GAAP net income (loss) from continuing operations to adjusted EBITDA and operating income (loss) by reportable segment to contribution margin by reportable segment.
The rationale for management's use of non-GAAP measures is included in the supplementary materials presented with the quarterly earnings materials. Please refer to Exhibit 99.2 ("Information Regarding Non- GAAP Financial Measures") to the company's report on Form 8-K, which is being submitted today to the SEC.
Additional Information and Where to Find It
RealNetworks, its directors and certain executive officers are participants in the solicitation of proxies from stockholders in connection with the pending merger of RealNetworks (the "Transaction"). RealNetworks plans to file a proxy statement (the "Transaction Proxy Statement") with the Securities and Exchange Commission (the "SEC") in connection with the solicitation of proxies to approve the Transaction. Additional information regarding such participants, including their direct or indirect interests, by security holdings or otherwise, will be included in the Transaction Proxy Statement and other relevant documents to be filed with the SEC in connection with the Transaction. Information relating to the foregoing can also be found in RealNetworks's definitive proxy statement for its 2021 Annual Meeting of Stockholders (the "2021 Proxy Statement"), which was filed with the SEC on October 29, 2021. To the extent that holdings of RealNetworks's securities have changed since the amounts printed in the 2021 Proxy Statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Promptly after filing the definitive Transaction Proxy Statement with the SEC, RealNetworks will mail the definitive Transaction Proxy Statement to each stockholder entitled to vote at the special meeting to consider the Transaction. STOCKHOLDERS ARE URGED TO READ THE TRANSACTION PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT REALNETWORKS WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain, free of charge, the preliminary and definitive versions of the Transaction Proxy Statement, any amendments or supplements thereto, and any other relevant documents filed by RealNetworks with the SEC in connection with the Transaction at the SEC's website (http://www.sec.gov). Copies of RealNetworks's definitive Transaction Proxy Statement, any amendments or supplements thereto, and any other relevant documents filed by RealNetworks with the SEC in connection with the Transaction will also be available, free of charge, from RealNetworks's website at www.realnetworks.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including statements relating to our current expectations regarding our future growth, profitability, and market position, the anticipated closing of the merger, expectations following the closing of the merger, our financial condition and liquidity, our strategic focus and initiatives, product plans, agreements with partners, Scener's current and future activities, and certain remaining contingencies relating to the sale of Napster. All statements contained in this press release that do not relate to matters of historical fact should be considered forward- looking statements. These statements reflect our expectations as of today, and actual results may differ materially from the results predicted. Factors that could cause actual results for RealNetworks, on a consolidated basis, to differ from the results predicted include: the possibility that the conditions to the closing of the merger are not satisfied, including the risk that required stockholder approval for the merger is not obtained; potential litigation relating to the merger; uncertainties as to the timing of the consummation of the merger; the ability of each party to consummate the merger; risks relating to the substantial costs and diversion of personnel's attention and resources due to the merger; our ability to realize operating efficiencies, growth and other benefits from the implementation of our growth initiatives and restructuring efforts; cash usage and conservation, and the pursuit of additional funding sources; successful monetization of our products and services; competitive risks, including the emergence or growth of competing technologies, products and services; issues with the use of AI; potential outcomes and effects of claims and legal proceedings; risks associated with key customer or strategic relationships and business acquisitions and dispositions; challenges caused by the COVID-19 pandemic; disruptions in the global financial markets, including changes in consumer spending and impacts to credit availability, and fluctuations in foreign currencies; volatility of our stock price; material asset impairment; continued declines in subscription revenue; difficulty recruiting and retaining key personnel; regulatory, tax, accounting, and cross-border risks; and risks related to our governance structure. More information about potential risk factors that could affect our business and financial results is included in RealNetworks' latest annual report on Form 10-K for year ended December 31, 2021, its quarterly reports on Form 10-Q and in other reports and documents filed by RealNetworks from time to time with the Securities and Exchange Commission. The preparation of our financial statements requires us to make estimates and assumptions that affect the reported amount of assets and liabilities, and revenues and expenses during the reported period. Actual results may differ materially from these estimates under different assumptions or conditions. RealNetworks assumes no obligation to update any forward-looking statements or information, which are in effect as of their respective dates.
For More Information:
Investor Relations for RealNetworks
Brian M. Prenoveau, CFA
MZ North America
561-489-5315
IR@realnetworks.com
RNWK-F
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SOURCE RealNetworks, Inc. | https://www.kxii.com/prnewswire/2022/07/28/realnetworks-announces-second-quarter-2022-financial-results/ | 2022-07-28T20:40:11Z |
LAS VEGAS (KLAS) — As many as 5,000 employees at the Cosmopolitan of Las Vegas were honored with a special surprise in the form of $5,000 individual bonuses.
The surprise took place at the resort’s iconic music and entertainment venue, The Chelsea, on Wednesday, where more than 2,500 employees were in attendance.
Blackstone chose to honor employees in this unique way by giving out a total of $27 million.
President and CEO Bill McBeath joined other company leaders to reminisce on major milestones and successes over the years with a commemorative video followed by the $5,000 surprise.
Two other employees were also recognized for their efforts and awarded hotel stays in Hawaii and California. | https://cw33.com/news/national/nexstar-media-wire/las-vegas-resort-employees-surprised-with-5000-bonus/ | 2022-05-13T17:41:08Z |
SAN FRANCISCO, June 2, 2022 /PRNewswire/ -- This evening, the National Venture Capital Association (NVCA), at its annual Leadership Gala, will recognize BlocPower as its 2022 Startup Innovator award winner.
Each year, the NVCA "honors those who have made significant contributions to foster innovation, advance technology, and drive new company formation." BlocPower earned the Startup Innovator award for its "dedication to affecting positive change," and leadership "within the entrepreneurial ecosystem around the problem it seeks to address."
BlocPower makes building electrification accessible and affordable at scale, while helping cities and communities tap into the benefits of the broader decarbonization ecosystem—including job creation and improved health. The company's focus is the millions of underserved small and medium sized buildings nationwide in need of $1.2 trillion in upgrades and responsible for 7% of U.S. greenhouse gas emissions.
Using its proprietary software, BlocMaps, to identify the buildings most in need of green upgrades along with the company's innovative financing model to make retrofitting affordable to all, BlocPower aims to complete building electrification projects at scale, while putting historically marginalized and environmental justice communities at the forefront of its work. The Bezos Earth Fund is backing the expansion of BlocMaps.
At the World Economic Forum's 2022 summit in Davos, Switzerland this May, BlocPower founder and CEO Donnel Baird shared his company's vision and proven model with global leaders.
"I always thought there was some master plan on climate change," said Baird from Davos, "and that when you got into that room with the people holding the puppet strings, the master plan would be revealed to you. But there is no master plan." Instead, Baird—who was joined by Dr. Luis Aguirre-Torres, Director of Sustainability for the City of Ithaca, NY—pointed to BlocPower's work to execute a first of its kind citywide electrification plan of 6,000 buildings in Ithaca and to take that model nationwide.
This year, in addition to the award from NVCA, BlocPower was named the #4 Most Innovative Company in the World by Fast Company and a TIME100 Most Influential Company.
BlocPower is a Brooklyn-based climate technology company rapidly greening American cities. Since its founding in 2014, the company has completed energy projects in 1,200+ buildings and delivers results ahead of schedule and under budget. BlocPower utilizes its proprietary software for analysis, leasing, project management, and monitoring of urban clean energy projects and its customers are saving 20-40% on their energy bills each year. The company is backed by the world's top investors, including Kapor Capital, one of Uber's first investors, Andressen Horowitz, early investor in Facebook, Twitter, AirBnB and Lyft, the former Chairman of Google, and American Family Insurance Institute for Corporate and Social Impact. For more information please visit https://blocpower.io.
Contact:
press@blocpower.io
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SOURCE BlocPower | https://www.wibw.com/prnewswire/2022/06/02/blocpower-honored-2022-national-venture-capital-association-leadership-gala/ | 2022-06-02T16:21:30Z |
TALLAHASSEE, Fla. (AP) — Voting rights groups sued Florida on Friday over a congressional map drawn by Gov. Ron DeSantis and passed by the GOP-controlled Legislature, saying it will diminish the state’s Black representation and benefit Republicans.
Florida lawmakers approved the map Thursday as part of a contentious three-day special legislative session during which Black and Democratic representatives staged a sit-in on the House floor, prayed and sang “We Shall Overcome” in protest.
DeSantis, who is considered a top tier presidential candidate in 2024, signed the measure into law Friday.
The League of Women Voters of Florida, the Black Voters Matter Capacity Building Institute, Equal Ground Education Fund and others filed the suit in a state court in Tallahassee. The case alleges the new map violates provisions of the Florida Constitution that prohibit districts from diluting the electoral power of minorities and from being drawn to benefit one political party over another.
“He wants to rig the state and he wants to do that by drawing lines that unfairly represent the state and our voting population,” said Equal Ground founder Jasmine Burney-Clark in a phone interview. “We also know that he has ambitions to become president of the United States, and creating a Congress that is more favorable to the issues he presumably would push in his administration makes it easier for him to do so.”
The lawsuit names as defendants Secretary of State Laurel M. Lee, Attorney General Ashley Moody and the Republican leaders of the House and Senate, among others. Their offices did not immediately return emails seeking comment.
DeSantis took the unusual step of vetoing the map drawn by the Legislatureearlier this year and proposing his own, calling lawmakers back into the special session to approve it. Democrats say the map strongly favors the GOP and would dismantles two districts currently held by Black members of congress.
The governor’s office drew up a map it described as neutral on race and party affiliation, and which it said abided by both the state and federal constitutions. But even supporters have acknowledged that it is likely to draw legal challenges.
Democratic state Rep. Angie Nixon, who led the protest on the House floor, was expecting the lawsuit.
“The map is unconstitutional and it’s illegal and they knew it,” she said in a phone interview.
She said she’s heard rumblings that she’s going to be punished for her protest, but said it’s minor in comparison to actions that civil rights leaders have endured to seek racial equality.
“I cried this morning,” she said, with a trembling voice. “I cried because I thought about what my grandmother went through, and my grandfather, and my ancestors who risked their lives to vote, to have a voice to be heard, to be respected.”
The Florida congressional delegation now has 16 Republicans and 11 Democrats, and the state is poised to gain one U.S. House seat based on the results of the 2020 U.S. census. Many political observers have said the DeSantis map could give Republicans a 20-8 advantage, though Florida’s vast number of unaffiliated voters can swing elections. Such an advantage would help DeSantis, should he run for and win the White House in 2024.
Of Florida’s 14.3 million registered voters, about 36% are Republicans and 35% Democrats, while the overwhelming majority of the remainder have no party affiliation.
Black Floridians currently serve in five of the state’s 27 districts, representing about 19% of the delegation. Four of them are Democrats; one of them is a Republican in an overwhelmingly white constituency. Black people represent about 16% of Florida’s population.
Previous maps had included a long, slim district spanning northern Florida that would have largely kept intact the constituency of Black Democratic Rep. Al Lawson. DeSantis has singled out that district, saying it violated guidelines for compactness. | https://cw33.com/news/ap-top-headlines/voting-groups-sue-over-florida-congressional-map/ | 2022-04-23T12:11:22Z |
SHENZHEN, China, July 1, 2022 /PRNewswire/ -- Since its launch in 2020, Petal Maps has grown tremendously now offering innovative travel and navigation experiences to more than 28 million users in over 160 countries. Maps should aim to reproduce the real world to the greatest extent possible, and that is Petal Maps' guiding principle, and being always working on.
During navigation, the Lane guidance and Enlarged intersection map displays help facilitate safe driving. Road conditions are shown with accuracy because of the myriad of inputted data and detailed rendering. Now, Petal Maps offers new features such as lighting effects on Dark Mode, 3D landmarks, and more using sophisticated technology such as fine-grained rendering. Petal Maps makes more realistic and interesting maps available at the disposal of users, elevating the navigation experience.
Petal Maps guides you along with vivid lighting effects
Trying to find your way can be tricky. The streets you're traversing probably look vastly different from what you're viewing on your phone's screen, and the differences in lighting can throw you off. And in the night mode, street lights are an integral part of the real world. To maximize the real-world situation, Petal Maps adds evening lights to simulate the effects of roads at night, including street lighting and building lighting effects and provides a higher level of accuracy and map detail.
This feature will come in handy for users as they enjoy a more holistic level of detail. For example, when a city's buildings light up, it's signifying to the user that it's night-time at the searched location. Through this, users will be able to better match directions on Petal Maps to their environment even with the change in lighting.
Experience your surroundings in vivid detail with 3D landmarks
Petal Maps built about 26,000 white building models, and 3D effects for 100 iconic landmarks like the Eiffel Tower, London Eye, and Kuala Lumpur Tower, among many others. With Petal Maps' 3D landmarks, users get to view famous landmarks within the area in greater detail and can even travel the world in the mind's eye, without even having to set foot outside. 3D landmarks reproduce real-world conditions of these famous sights in all their complexity, offering users greater subtlety and nuance as they find their way.
In addition to 3D landmarks, petal maps also provide a more realistic 3D map with elements such as weather, trees, time, and more. The 3D effects bring new insights to users, who can identify where they're at or where they wish to head to by matching up minute details seen on their Petal Maps display to what's before their eyes in real life.
Petal Maps' temperature and precipitation layers and colour classification system bring your world to life
What's more, Petal Maps' latest update makes the navigation experience more interesting with its new Temperature and Precipitation layers, and natural landscape colours for maps.
People often think of way finding or trying to read a map as boring or cumbersome. But Petal Maps works hard to restore the real world and improves the authenticity and accuracy of maps and navigation to provide an interesting experience.
Petal Maps incorporates a rich array of map layers, such as terrain and weather to reproduce real-world conditions so users will be able to view weather and temperature conditions. This lets users be able to prepare themselves, users can directly view the weather conditions along with the destination and along the route from the layer without having to open multiple weather forecasts – for example, to get their umbrellas out if they're headed to an area with heavy rain. Additionally, the added intricacies bring the map to life.
Users can switch to different Weather map layers, such as temperature and precipitation, via the layer switch control, located at the upper right corner of the Petal Maps home page. From there, you can click Select Layer, then choose Weather Layer, and select Temperature/Precipitation Layer to make the change.
Petal Maps also applies a colour classification system that is true to real-world environments, rendering geographic features like bodies of water, green space, and mountains wholly in line with how users perceive their world. This makes navigation far more engaging, as you can take in picturesque sights of beautiful natural bodies and more from your screen.
Petal Maps' personalised features spice up your navigational experience
The latest update also comes with personalised skins for each of the four seasons – Spring, Summer, Autumn, and Winter, spicing up your navigation experience with variety. To switch to a personalised skin, simply head to My Page and go to Settings from there and alter your Display Settings.
If you'd like to know more about your travel habits, Petal Maps' User Travel report has got you covered. Petal Maps will generate a report based on your user behaviour and periodically send the report to you via push notifications, so you'll be able to get a better sense of your travel patterns.
In addition, Petal Maps provides users with Cruise mode. When the speed of the Petal Maps homepage is greater than 15km/h and lasts for more than 10s, the cruise mode will be triggered. After you enable the cruise mode, you will be prompted with a voice message, such as cameras, speed limits, and road conditions on the road ahead. It makes navigation easier.
With its sophisticated displays that are intuitive at a glance, the freshly upgraded Petal Maps will guide you to the path you need to take in a fun, immersive way.
Petal Maps continue to evolve to better provide users with a more immersive experience. With immersive rich layers, 3D landmarks, and night lighting, users are presented with a more realistic map visualisation experience connecting them to the world around them.
(Petal Maps features may vary by countries/regions, and are subject to real-world conditions)
Here is the direct link for Petal Maps: https://petalmaps.dre.agconnect.link/pvB6pK
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SOURCE Petal Maps | https://www.kxii.com/prnewswire/2022/07/01/petal-maps-turns-navigation-into-an-immersive-realistic-experience/ | 2022-07-01T13:05:51Z |
Yellowstone National Park will remain closed to visitors through at least Wednesday due to dangerous flooding conditions, which have prompted park evacuations and left some in surrounding communities trapped without safe drinking water, officials say.
The park announced Monday afternoon that all park entrances were closed to visitors, citing "record flooding events" and a forecast of more rain to come.
"Our first priority has been to evacuate the northern section of the park where we have multiple road and bridge failures, mudslides and other issues," Yellowstone Superintendent Cam Sholly said in a statement Monday.
Immediately north of the Yellowstone, several cities in Montana's Park County are also experiencing extensive flooding, which has washed out bridges and roads, making it unsafe to travel or impossible to evacuate, Park County officials said on Facebook Monday. Officials have also issued warnings in many areas for residents to avoid drinking local water due to a broken water main and submerged wells.
"The river has never been this high before by my house," said Elizabeth Aluck, who lives in Gardiner in Park County. Aluck told CNN Monday afternoon that she cannot evacuate because the roads and bridges around her home are washed out.
An Indiana family staying at a short-term rental cabin in Gardiner told CNN they were supposed to leave Monday morning, but the flooding left them stranded.
"The water levels were high on Saturday but within the past 10-12 hours things have gotten rougher," Parker Manning said. "Our way out of town would be north on 89, but those roads are currently all underwater."
The Yellowstone River, which runs through the park and several Park County cities, swelled to a record high Monday due to recent heavy rainfall and significant runoff from melting snow in higher elevations, according to CNN meteorologist Brandon Miller.
The Yellowstone River gauge at Corwin Springs, Montana, reached 13.88 feet Monday afternoon, surpassing the historical high crest of 11.5 feet from 1918, NOAA river gauge data shows. "The river is still rising near Livingston, and it is expected to crest between 6 p.m. and 9 p.m. on Monday," Park County officials said on Facebook.
Across the nation in recent days, extreme weather events have battered communities, including thunderstorms that left nearly 300,000 customers without power in the Midwest, a tornado threat in Chicago, and a severe heat dome which has left more than a third of the US population under heat alerts.
Some are evacuated while others remain trapped
As several roads and bridges are rendered impassable by floodwaters, park and county officials are working to evacuate whoever they can and provide support to those who are unable to leave.
The Park County Sheriff's Department issued a shelter in place order until 7 a.m. Monday for those south of mile marker 52.5 on US Highway 89 South, the Facebook post said.
The National Guard and local search and rescue teams were assisting with evacuations and rescues throughout the county, including two air lifts and one swift water rescue, the county said.
Multiple communities in Park County are isolated and surrounded by water, including Gardiner, Cooke City and Silver Gate, an update on the county Facebook page said. Quickly rushing floodwaters have also damaged homes, as images show houses either partially or fully collapsing.
In neighboring Carbon County, Montana, flooding compromised utility service lines, leaving many customers in Red Lodge without power, officials said.
Meanwhile, several roads and bridges in Yellowstone have also been compromised by flooding, park officials say. Videos released by the park show portions of paved road washed out or severely eroded.
Due to predictions of higher flood levels and concerns about water and wastewater systems, the park also began moving visitors out of the southern loop of the park Monday, Sholly said.
"We will not know timing of the park's reopening until flood waters subside and we're able to assess the damage throughout the park," Sholly said. "It is likely that the northern loop will be closed for a substantial amount of time."
Dramatic increase in rain strengthens floodwaters
In June, precipitation across northwestern Wyoming and southern Montana has been more that 400% of the region's average, according to Miller.
The dramatic increase in rain has been coupled with near-record temperatures in the region that have caused snowmelt in areas of high elevation, the NWS in Riverton, Wyoming, said. Overnight Sunday, the snowmelt made its way into streams and rivers, further adding to the floodwaters, the NWS said.
In addition to the record set at Corwin Springs, the Yellowstone River reached 10.9 feet in Livingston, Montana, Monday exceeding the area's 1997 record of 10.7 feet, the NWS in Billings, Montana, said.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/unprecedented-flooding-conditions-force-yellowstone-national-park-to-close-all-entrances-and-leave-locals-trapped/article_e912ae95-4a91-5643-a919-bb08133362dc.html | 2022-06-14T08:42:11Z |
Company Achieves Double-Digit Growth, Expands Grocery Offerings and Appoints New Leadership
NEW YORK, June 13, 2022 /PRNewswire/ -- Hungryroot, the first and only AI-powered personalized grocery and recipe delivery service, announced an impressive 35% year-over-year growth for Q1 2022. Achieving a robust net revenue increase of 142% in 2021, the company has rapidly expanded despite a highly challenging macro environment, including post-pandemic labor shortages, supply chain disruptions and inflation. Currently the 10th fastest growing food and beverage company in the United States, Hungryroot forecasts additional growth in 2022 as it places a continued focus on customer experience.
Throughout 2021, Hungryroot expanded its selection by doubling its grocery and recipe offerings, now shipping over 450 unique groceries and nearly 4,000 distinct and proprietary recipes each week. Additional impactful initiatives include the launch of a mobile app to enhance its user experience and the opening of a best-in-class fulfillment center on the East Coast to support ongoing demand.
"Despite challenges experienced industry-wide, Hungryroot has seen tremendous growth," said Ben McKean, Founder and CEO of Hungryroot. "I believe our customer-centric experience is a huge reason why we continue to see success. Today, consumers want to spend less time on shopping and meal planning; they want their grocer to make their experience better with each visit, and in this inflationary climate, they seek value more than ever. Hungryroot checks all those boxes, while making the experience more sustainable from start to finish."
Looking ahead, Hungryroot is laser-focused on taking its personalized shopping experience to the next level. In particular, Hungryroot is working to expand its machine learning models to collect more actionable feedback and improve accuracy. With each and every customer interaction, Hungryroot's AI-powered platform will become smarter at pre-filling their carts with groceries and recipes they'll love, so they don't have to. Also to improve shopper satisfaction, the company plans to introduce a weekly staples plan, lunch-specific recipes and the ability to identify macronutrient preferences to better suit individual customers and families alike.
To support these initiatives, Hungryroot recently added several new strategic leadership hires to help bring the company through its next phase of growth. The new hires include Wajeeha Ahmed, CFO; Jen Turner, SVP of People; Phil Jeffs, VP of Product; Mike Lorenzen, VP of Analytics and Strategic Insights; and Jim Bulger, Controller. All join the company with impressive backgrounds, including Ahmed, who most recently held the position as CFO of Barstool Sports; Turner, who recently served as VP of Global People Experience at CSG; Jeffs, who previously oversaw digital product teams at both Grubhub and Better.com; Lorenzen, who held similar roles at Kayak and Doordash; and Bulger, who brings audit and accounting advisory experience from PwC and CFGI.
Hungryroot also added several new industry experts to its Board of Directors: Mindy Grossman, Mark Nelson and Romitha Mally. Each new board member shares its vision of making eating healthy easy, personal, and sustainable and brings extensive industry experience to Hungryroot including Grossman, who is the former President & CEO of WW (formerly Weight Watchers); Nelson who previously served as CFO and COO of Beyond Meat and CFO of Farmer Brothers; and Mally who recently served as Vice Chairman, Investment Banking at UBS and has since founded The Mally Collective, a boutique consumer-focused M&A advisory firm.
"Most consumers today don't want the stress of planning, shopping or prepping healthy meals at home," said Mindy Grossman, Board Member of Hungryroot. "Hungryroot is doing what no other store or service does by creating an AI-powered grocery experience that removes these pain points completely. I'm beyond excited to join Hungryroot's board and support them while they continue to reinvent the grocery category entirely."
"We know how important leadership and industry expertise will be to continue momentum and further our vision of building a better grocery experience through personalization," added Ben McKean. "We're thrilled to welcome new leadership and board members to the team, and know they'll be essential in helping take Hungryroot through our next phase of growth."
Learn more about Hungryroot at: www.hungryroot.com
Hungryroot is your personal grocer, powered by AI and the belief that food deeply impacts your daily life. You tell us a little about yourself, and we use our proprietary predictive technology to deliver groceries and recipes that best suit your individual needs and goals. We also assist with meal planning and nutritional support, helping you save time, save money, shop sustainably, and eat what makes you feel your best.
Hungryroot first launched in 2015 as a better-for-you foods brand. Now six years later, Hungryroot is pioneering an entirely new way to grocery shop through predictive, personalized grocery delivery. Along with offering the best modern brands, Hungryroot continues to develop its own line of innovative healthy products, including the brand's award-winning Black Bean Brownie Batter. Check us out at: www.hungryroot.com.
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SOURCE Hungryroot | https://www.wibw.com/prnewswire/2022/06/13/hungryroot-delivers-strong-growth-first-half-2022/ | 2022-06-13T14:16:44Z |
SOUTHPORT, Conn., July 22, 2022 /PRNewswire/ -- Lincoln Healthcare Leadership announced that Jeanette Flom has joined the organization as COO, overseeing strategic and operational aspects of the company, and serving as Managing Director for its prestigious Home Care 100 and Senior Living 100 Leadership Conferences. Jeanette will play a critical role in continuing to elevate the visionary education, exceptional networking, authentic customer service and memorable experiences at the core of Lincoln's offerings.
"Jeanette is joining the company at an exciting time, and brings a great combination of intelligence and passion for action in healthcare," said David Ellis, Founder & President of Lincoln Healthcare Leadership. "Jeanette is well suited to play a big part in our future growth and leadership. We are thrilled to have her on board."
Commenting on her new role, Jeanette said, "I really admire Lincoln's long-term vision to have a meaningful impact on improving how healthcare is delivered in America. I love the magic of peers learning from each other and how Lincoln enables that in really meaningful ways through their conferences and Intelligence Group. I'm eager to roll up my sleeves and help take all of Lincoln's offerings to new heights."
Flom has a rich 20-year background in management and healthcare. Most recently, Jeanette served as SVP at AVIA where she led a collaborative network of C-suite health system executives seeking to accelerate their strategic goals through digital technology. Prior, she was a Division VP at the American Diabetes Association where she brought C-suite executives, elected officials, and passionate constituents together to improve the lives of people living with diabetes.
Founded in 1998, Lincoln has a rich history in creating valuable networks, facilitating best-practice sharing and delivering original business insights to C-level healthcare audiences. Our mission is to inspire excellence in leadership, strategy and innovation through exceptional content, communities and customer experience. We aim to have a meaningful impact on the U.S. healthcare system, leading to higher quality, lower cost and more coordinated care.
Home Care 100 – Leadership & Strategy Conference
January 22-25, 2023
Ritz-Carlton Orlando, Grande Lakes, FL
Home Care Innovation & Investment Conference (HI2) – M&A and Capital Conference
June 13 & 14, 2023
Swissôtel, Chicago
Home Care Tech (HCT) – Caregiving Technology Conference
September 6 - 8, 2022
Gaylord National Resort, MD
Home Care Intelligence Group – Advisory Network
Year-round executive community that provides members with timely perspectives on their most pressing challenges.
LTC 100 – Leadership & Strategy Conference (Skilled Nursing, Long Term Care)
April 30 – May 3, 2023
Ritz-Carlton Naples Beach, FL
Senior Living 100 – Leadership & Strategy Conference (AL, IL, Life Plan Communities)
March 12-15, 2023
The Ritz-Carlton Golf Resort, Naples, FL
Media Contact:
Jennifer Stewart
jstewart@lincolnhc.com
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SOURCE Lincoln Healthcare Leadership | https://www.kxii.com/prnewswire/2022/07/22/lincoln-healthcare-leadership-welcomes-jeanette-flom-coo-managing-director-home-care-100-senior-living-100/ | 2022-07-22T11:41:18Z |
LONDON, Aug. 12, 2022 /PRNewswire/ -- ZomPot (ZPOT) is a multi-asset investment opportunity project, which uses the native ZPOT token for trading, will distribute around 175,000,000 ZPOT to the public.The distributed tokens, which make up 80% of available tokens, have been designated to create a balanced ecosystem, where both everyday crypto users and dedicated crypto investors can make the most out of their ZomPot (ZPOT) investments.
The token is built on the Binance Smart Chain (BSC), which provides stability, reliability, and low transaction costs. Stability and reliability in the ZomPot (ZPOT) ecosystem will give uncertain investors proof of the value of blockchain technology, in turn drawing in new users to continue growing the project.
In the near future the company will also launch an NFT marketplace, where users can create their own tokens for use in their own metaverses. One of the biggest aspects ZomPot (ZPOT) intends to utilise is its metaverse. In this project, users will be able to create their own universes within the ZomPot (ZPOT) metaverse, including having unique tokens, which can be formed in the ZomPot (ZPOT) NFT market. For investors, this unlimited metaverse potential gives the token a huge value, and an opportunity to reach a wide crypto audience. Security is ZomPot's (ZPOT) number one priority, as it intends to be the platform to convert crypto sceptics to crypto believers. This will be done in multiple ways. By utilising the specific benefits of the Binance Smart Chain (BSC), ZomPot (ZPOT) can guarantee a reliable and secure ecosystem, where cheap transaction fees will encourage an active economy. ZomPot (ZPOT) will also bring about a reliable ecosystem through its token distribution.
ZomPot (ZPOT) aims to counter their project, to show the many benefits that investing with crypto can provide. The security of blockchain technology is one of its biggest selling points. Despite this, there is still hesitance for some in getting involved in blockchain technology and cryptocurrency.
Learn more about ZomPot (ZPOT):
Presale: http://rise.zompot.com/
Website: http://zompot.com/
Telegram: https://t.me/ZompotTokenOfficial
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SOURCE Zompot Token | https://www.kxii.com/prnewswire/2022/08/12/zompot-zpot-will-distribute-around-175m-zpot-public/ | 2022-08-12T20:13:36Z |
What separates a crossover from an SUV? In the old days, a body-on-frame design along with a 2-speed transfer case for low gearing used to be the litmus test. Now, except for truck-based full-size SUVs, most vehicles in this most popular segment are based on unibody construction. Yet automakers continue to hark back to those days with trim lines they all call rugged.
To distinguish the crossovers that have supplanted cars on American roads, automakers have introduced so-called rugged grades that bundle popular features such as standard all-wheel drive, bigger black wheels, black trim garnishes, roof rails, some exhaust tips, and some cross-stitching on the inside.
Then there’s the badging. Trailsport. Timberline. Trailhawk. Wilderness. Rock Creek. All the badging, lest you forget the upcharge. It is truly surprising that there is no Rugged trim line. The all-new rugged Rugged SUV could get confusing.
The $1,000-$4,000 upcharge for such packages promises owners they can hit the trail without having to skip the on-road comfort of their SUV—crossover— and without having to rough it with a rough-and-tumble Jeep Wrangler.
Jeep might have started it with a Trailhawk trim that codified its own Trail Rated designation. But even that trim has been diluted on some models away from standard four-wheel drive with a 2-speed transfer case and off-road suspension bits. Some Jeep Trailhawk crossovers merely look the part.
Which of these trim levels are off-roaders or soft-roaders? Which are off-road pretenders and which are off-road intenders worth the upcharge? We’ve tested them all, and here’s what we’ve found.
Jeep Trailhawk
Available models: 2022 Cherokee, Grand Cherokee, Compass, Renegade
Added price: The Cherokee Trailhawk costs $2,650 more at $39,140, including $1,595 destination.
Cosmetic differences: LED fog lights, black grille surround, black hood decal, black cladding, wider wheel flares, and more black accent bits.
Standard mechanicals: A 3.2-liter V-6 makes 271 hp and 239 lb-ft of torque and connects with a more durable 9-speed automatic and four-wheel drive.
Added equipment: Jeep equips the Cherokee Trailhawk with its uprated 9-speed automatic and Active Drive II, which has rear-axle disconnect ability to improve efficiency on the highway. It’s similar to Active Drive I, but it also adds a low-range gear, a mechanical locking rear differential, and a Rock mode for bona fide crawling. Also helping the crawl and overall off-road performance is a 1.0-inch higher suspension lift, a heavy-duty engine cooling system, skid plates, and 17-inch wheels wrapped in Firestone Destination all-terrain tires.
Off-road intender or pretender? The Cherokee Trailhawk is one of the more capable Jeeps that is not a Wrangler. It’s an Intender and then some. The Grand Cherokee embraces some of the mechanical upgrades and follows in the Cherokee’s imprints, but the Compass and Renegade are more for show.
Toyota TRD Off-Road
Available models: This one is confusing. There are four TRD offerings in the Toyota lineup. The Camry TRD builds off the XSE for beefier suspension and brakes, as well as black exterior accents. The TRD Sport does similar on the Tacoma and Sequoia. Those full-size SUVs and trucks can be had with the full TRD Pro treatment, and include the 4Runner and Tundra as well as Tacoma and Sequoia. Then there’s the TRD Off-Road available on Tacoma, Sequoia, and the RAV4. We’re limiting this to the Toyota RAV4 TRD Off-Road.
Trim basis: RAV4 Adventure
Added price: At $38,130, the RAV4 TRD Off-Road costs $3,685 more than the RAV4 Adventure.
Cosmetic differences: The Toyota RAV4 TRD Off-Road carries LED fog lights, sharper running lights, all-weather floor mats, a front skid plate, and orange accent stitching inside. Same as the Adventure, it has a transmission cooler, 150-amp alternator, roof rails, and a different grille.
Standard mechanicals: It uses the same 203-hp 2.5-liter inline-4 (183 lb-ft) with an 8-speed automatic transmission and torque-vectoring AWD.
Added equipment: TRD-tuned front strut suspension and multilink rear with stabilizer bars front and rear, 18-inch black alloy wheels wrapped in Falken off-road tires.
Off-road intender or pretender? Compared to the TRD Pro models, it’s a pretender. But compared to the RAV4 Adventure, it’s an intender. It gives shoppers the option to take its bestseller off-road without having to upgrade to a much larger truck or SUV.
Subaru Wilderness
Available models: 2022 Forester, 2022 Outback
Trim basis: Forester Premium, Outback Onyx Edition XT
Added price: At $38,120, the Outback Wilderness costs $1,850 more than the Onyx XT. At $33,945, the 2022 Forester Wilderness costs $4,625 more than the Forester Premium.
Cosmetic differences: The Wilderness models sport a skid plate up front, more cladding on the wheel arches, a new fog light design, and a black hood decal that deflects sunlight. Inside are water-resistant seat surfaces and copper badging and contrast stitching.
Standard mechanicals: A 260-hp 2.4-liter turbocharged flat-4 that makes 277 lb-ft of torque with a CVT, all-wheel drive, and a limited-slip rear differential. Subaru softened the suspension tuning to account for the greater ride height and modified the final drive ratio for better low-end torque when climbing.
Added equipment: Ground clearance increases from 8.7 inches to 9.2 inches (Forester) or 9.5 inches (Outback); raised bumpers; increased approach and departure angles; black 17-inch black alloy wheels with Yokohama Geolandar all-terrain tires; water-resistant upholstery.
Off-road intender or pretender? Intender. The Wilderness grade enhances what was already an off-road-capable car. The Forester’s compact package, good low-end torque, and extra grip makes it even more like a rallycross car, and up the fun factor where the pavement ends. The only downside is it lacks the surround-view camera system of rivals, which helps with rocky paths and narrow trails.
Ford Timberline
Available models: 2022 Explorer, 2022 Expedition
Trim basis: XLT
Added price: At about $72,000, the Expedition Timberline is $10,000 more than an Expedition XLT with 4WD and a less potent engine.
Cosmetic differences: The Expedition Timberline wears an orange-rimmed grille with black cladding and different bumpers that increase the approach angle from 23.3 degrees to 28.5 degrees and departure angle from 21.9 degrees to 23.7 degrees. LED headlights are standard.
On the Explorer Timberline, higher bumpers increase the approach angle from 20.1 degrees to 23.5 degrees, and the departure angle from 22 degrees to 23.7 degrees. It also comes with standard steel skid plates to protect the engine, transmission, and rear-end components. Ford says the steering and stabilizer bars have been specially tuned.
Standard mechanicals: The Expedition shares the F-150 Raptor’s twin-turbo V-6 rated at 440 hp and 510 lb-ft of torque, and a 10-speed automatic transmission. The Explorer Timberline uses a 300-hp 2.3-liter turbo-4 mated to a 10-speed automatic transmission. It has standard all-wheel drive that can split the 310 lb-ft of torque between the front and rear axle.
Added equipment: Expedition Timberline comes standard with four-wheel drive and a 2-speed transfer case and black 18-inch wheels wrapped in 33-inch Wrangler all-terrain tires. Steel skid plates protect the increased exposure from the bumpers, and the knobby tires as well as new springs and other suspension upgrades raise the ground clearance nearly an inch more than the standard Expedition, to 10.6 inches. A limited-slip rear differential helps it churn through the muck, and a Trail Turn Assist function locks the inside rear wheel and drags it through a turn to help this big beast navigate tight corners. Orange front tow hooks can lend a helping hand.
The Explorer Timberline has a limited-slip rear differential that shuttles torque to the rear wheel with the most grip and keeps the other wheel from spinning, and ground clearance increases from 7.9 inches to 8.7 inches. It rides on 18-inch wheels with high-profile Bridgestone Dueler all-terrain tires, and has heavy-duty shocks that Ford uses on the Explorer Police Interceptor. A standard Class III trailer tow package with a 5,300-lb towing capacity enhances the do-it-all capability.
Off-road intender or pretender? Pretender, at least in the mud. Testing the Expedition Timberline off-road in the rain resulted in more slip over rocks than in smaller models, even with all-terrain tires. We could expect similar results with an Expedition XLT with 4WD. The lighter-weight Explorer Timberline does it better.
Honda Trailsport
Available models: 2022 Honda Passport
Trim basis: Built off EX-L grade.
Added price: At $44,265 (including $1,295 destination), it’s $4,600 more than the EX-L, and about $3,000 less than the top Elite.
Cosmetic differences: A new rear bumper with a “skid garnish” meant to look like a silver skid plate; an orange logo and other orange accents; orange contrast stitching on leather seats; black roof rails.
Standard mechanicals: All-wheel drive, a 280-hp 3.5-liter V-6 making 262 lb-ft, and a 9-speed automatic transmission.
Added equipment: 18-inch wheels with 245/60R18 Firestone “highway terrain” tires and chunky sidewalls, and a 10-mm wider track.
Off-road intender or pretender? The Trailsport sports the look, regardless of the trail. It’s a pretender only because any AWD Passport has a good enough system and 8.1 inches of ground clearance for mild off-roading on well-established trails.
Hyundai XRT
Available models: 2023 Palisade, 2022 Tucson, 2022 Santa Fe
Trim basis: SEL with Convenience Package
Added price: $2,300 more on the Palisade SEL AWD to $41,545; add $2,150 on Tucson SEL to $33,145; and $1,600 more on the Santa Fe SEL to $34,045 (includes $1,295 delivery).
Cosmetic differences: 20-inch black alloy wheels (19-inch on Tucson, 18-inch on Santa Fe), different lower bumpers with fake skid plate molding, a black grille, black roof and cross rails, and black synthetic leather seats, as well as a sunroof. The Tucson and Santa Fe add black mirror covers. The AWD version adds a locking center differential and Snow and Tow modes.
Standard mechanicals: Palisade has a 291-hp 3.8-liter V-6 and can tow up to 5,000 lb. Santa Fe uses a 191-hp 2.5-liter inline-4, with a tow rating of 3,500 lb. The Tucson employs a 187-hp 2.5-liter inline-4. All models have an 8-speed automatic and front-wheel drive standard.
Added equipment: The AWD version of the Palisade adds a locking center differential, Snow and Tow modes, and hill descent control, but that applies to any AWD Palisade.
Off-road intender or pretender? Pretender.
Kia X-Line and X-Pro
Available models: 2023 Sportage, 2023 Telluride
Trim basis: EX for the X-Line and SX for X-Pro
Added price: For $32,085, the Sportage X-Line is $1,000 more than Sportage EX, and the loaded $38,085 Sportage X-Pro Prestige is $1,500 more than the SX Prestige. Telluride details haven’t yet been released.
Cosmetic differences: The Sportage X-Line wears distinct bumpers, fake skid plates, and gloss-black side mirrors, roof rails, window surrounds, and 19-inch wheels with all-season tires. A black roof with two-tone options distinguishes X-Pros, as well as LED fog lights and LED projector headlights on X-Pro Prestige grades. Inside, a mechanical gear shifter replaces the dial shifter in the console on other models.
The Telluride X-Line adds roof rails, 10 mm of extra ground clearance, 20-inch wheels, and a Tow mode with sway control and also adjusts the transmission’s shift program.
Standard mechanicals: The Sportage uses a 2.5-liter inline-4 that makes 187 hp and 178 lb-ft of torque with an 8-speed automatic. The Telluride has the same 3.8-liter V-6 (rated at 291 hp and 262 lb-ft of torque) and 8-speed automatic as the Palisade.
Added equipment: Standard all-wheel drive for the Sportage X models, while the Telluride X comes in front-wheel drive. The X-Line has four drive modes—Normal, Sport, Smart, and Snow—but no more off-road functionality than other grades. Sportage X-Pro models add a locking center differential to fix torque 50/50 between the axles, hill descent control at speeds up to 15 mph, a surround-view camera system, and 17-inch wheels with off-road tires.
The Telluride X-Pro swaps out the X-Line’s 20-inch wheels for 18-inch wheels with Continental all-terrain tires, and it can to 500 lb more to 5,500 lb. It can be had with a self-leveling rear suspension.
Off-road intender or pretender? The X-Line pretends, while the X-Pro intends. We haven’t tested the 2023 Telluride X-Pro.
Nissan Rock Creek
Available models: 2023 Pathfinder
Trim basis: SV trim
Added price: $3,100 more than the SV with AWD
Cosmetic differences: The exterior gets black trim elements, and the interior flashes black synthetic leather upholstery with orange contrast stitching. A surround-view camera system comes standard, as does a tow hitch and wiring harness, second-row captain’s chairs, and LED fog lights.
Standard mechanicals: A 3.5-liter V-6 that makes 295 hp and 270 lb-ft of torque with premium fuel.
Added equipment: Standard all-wheel drive, an off-road suspension with a 5/8-inch lift that raises the ground clearance to about 7.7 inches. The 18-inch wheels pretend to be beadlock-capable, but the all-terrain tires are real, and a roof rack that’s totally tubular can hold 220 lb.
Off-road intender or pretender? Intender. When equipped with the available surround-view camera system, it helps see beyond the blocky rear end and bold front. The seven drive modes automatically adjust traction control, simplifying the transfer between mud and dirt and snow, for instance.
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- VW Tiguan vs. Toyota RAV4: Compare Crossover SUVs | https://cw33.com/automotive/internet-brands/off-road-grades-suv-trims-muddle-the-line-between-off-road-intenders-and-soft-road-pretenders/ | 2022-09-13T23:47:38Z |
Fire breaks out in Bradenton apartment
Published: Sep. 7, 2022 at 7:44 PM EDT|Updated: 8 minutes ago
BRADENTON, Fla. (WWSB) - A fire broke out at the Preserve on 51st Street West in Bradenton Wednesday evening.
Fire crews are currently on the scene where the flames have been extinguished. There are no reported injuries.
This is a developing story and we’ll continue to bring you the latest as it comes in.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/09/07/fire-breaks-out-bradenton-apartment/ | 2022-09-07T23:53:55Z |
ATLANTA, Aug. 23, 2022 /PRNewswire/ -- Synthesized, the high-quality data generation company, today announced a partnership with BigID, the leading data intelligence platform, to deliver a solution that allows teams to easily generate, mask, subset, and repopulate sensitive data eliminating the risks of data leakage.
Data-driven innovation is central for companies to stay ahead and thrive; however, regulatory compliance restricts how they can share and access their data, slowing release cycles or even creating regulatory risk. With this partnership, joint customers can now automate the de-identification of sensitive data, dramatically reducing manual resources while improving response times to supply test data in non-production environments.
Fast and easy access to safe data
With this integration, joint customers will be able to de identify data based on sensitivity, and with increased visibility and benefits including:
- Time to value: Create and access compliant test data in minutes
- Cost savings: Eliminate the manual effort for test data generation
- Cloud adoption speed: Move data to the cloud faster while staying compliant
"We are thrilled to be working with the BigID team. With the Synthesized and BigID partnership, application development and QA teams can generate the highest quality synthetic data and leverage their most sensitive data assets, in a fully compliant manner," said Dr Nicolai Baldin, CEO of Synthesized. "Our joint customers across every industry will be able to accelerate their cloud migrations and application releases."
"BigID finds, classifies, and catalogs all your sensitive data. The integration with Synthesized allows our customers to quickly de-identify sensitive data through the generation of safe and compliant high-quality synthetic test data for use in non-production environments. This joint solution accelerates application release cycles and cloud adoption strategies," said Christopher Glover, Field CTO at BigID.
About Synthesized
Synthesized's mission is to make the creation and access of high-quality data fast and easy. Synthesized delivers the first API-driven data generation platform that creates synthetic data, better than production data — in minutes. QA and ML teams can now easily create, validate, and safely share high-quality test data for software testing, model training, and data analysis without the need for complex code or configurations. Synthesized has been recognized for data generation innovation as British Data Awards Finalist: AI Company of the Year and Computing AI and Machine Learning Awards: Most Innovative AI Solution and has been named a Gartner Cool Vendor. For more information, visit synthesized.io
About BigID
BigID's data intelligence platform enables organizations to know their enterprise data and take action for privacy, protection, and perspective. Customers deploy BigID to proactively discover, manage, protect, and get more value from their regulated, sensitive, and personal data across their data landscape. BigID has been recognized for its data intelligence innovation as a 2019 World Economic Forum Technology Pioneer, named to the 2021 Forbes Cloud 100, the 2021 Inc 5000 as the #19th fastest growing company and #1 in Security, a Business Insider 2020 AI Startup to Watch, and an RSA Innovation Sandbox winner. Find out more at https://bigid.com.
To learn more about the Synthesized's partnership with BigID, read the white paper and visit Synthesized on the BigID Marketplace.
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SOURCE Synthesized, Inc. | https://www.wibw.com/prnewswire/2022/08/23/synthesized-partners-with-bigid-eliminate-risk-sharing-sensitive-data/ | 2022-08-23T13:45:18Z |
PITTSBURGH, April 22, 2022 /PRNewswire/ -- "I thought there could be a better way to keep a rug in its intended position over carpeting," said an inventor, from Rochester, Minn., "so I invented the RUG-TO-CARPET FASTENER. My design could help to prevent tripping hazards."
The patent-pending invention provides an effective way to secure rugs in place over carpeted floor surfaces. In doing so, it prevents the rug from traveling, folding or curling. As a result, it enhances safety and convenience and it provides added peace of mind. The invention features a simple design that is easy to attach so it is ideal for households. Additionally, it is producible in design variations.
The original design was submitted to the National sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-MDA-116, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
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SOURCE InventHelp | https://www.wibw.com/prnewswire/2022/04/22/inventhelp-inventor-develops-accessory-secure-rugs-over-carpet-mda-116/ | 2022-04-22T17:54:12Z |
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