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CLAYTON, Mo., June 14, 2022 /PRNewswire/ -- Olin Corporation (NYSE: OLN) announced that half of its Plaquemine, Louisiana chlor alkali facility has returned to operation, which has been down since April 2022, with the remainder expected to return to operations in early August 2022. Olin's Freeport, Texas facility continues to operate at a reduced level of power generation with the expectation that a portion of the power generation will be restored in fourth quarter 2022. In May, Olin resumed integrated epoxy resin production at its Stade, Germany facility, which had been temporarily idled in March 2022.
During second quarter 2022, Olin has experienced weaker than anticipated epoxy resin demand in North America and South America. Olin is unwilling to sell incremental volume into a poor-quality market and operating the epoxy resin facilities at less than 50% operating rates is impractical. As a result of these factors, Olin Corporation announced that it is temporarily curtailing epoxy and related upstream inputs production at its Freeport, Texas and Guaruja, Brazil facilities.
Olin Corporation also announced that it is temporarily curtailing a significant portion of its ethylene dichloride and related chlor alkali production at its Freeport, Texas facility. As Olin's unique model adapts in real-time to globally prioritize system value; with the resumption of its Plaquemine, Louisiana operations; with high electrical power costs in Texas; and considering the poor-quality ethylene dichloride market conditions, Olin has decided to suspend this production.
Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid. Winchester's principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.
Visit www.olin.com for more information on Olin.
This communication includes forward-looking statements. These statements relate to analyses and other information that are based on management's beliefs, certain assumptions made by management, forecasts of future results, and current expectations, estimates and projections about the markets and economy in which we and our various segments operate. The statements contained in this communication that are not statements of historical fact may include forward-looking statements that involve a number of risks and uncertainties.
We have used the words "anticipate," "intend," "may," "expect," "believe," "should," "plan," "outlook," "project," "estimate," "forecast," "optimistic," "target," and variations of such words and similar expressions in this communication to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict and many of which are beyond our control. Therefore, actual outcomes and results may differ materially from those matters expressed or implied in such forward-looking statements. We undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise. The payment of cash dividends is subject to the discretion of our board of directors and will be determined in light of then-current conditions, including our earnings, our operations, our financial conditions, our capital requirements and other factors deemed relevant by our board of directors. In the future, our board of directors may change our dividend policy, including the frequency or amount of any dividend, in light of then-existing conditions.
The risks, uncertainties and assumptions involved in our forward-looking statements, many of which are discussed in more detail in our filings with the SEC, including without limitation the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2021, and our Quarterly Reports on Form 10-Q and other reports furnished or filed with the SEC, include, but are not limited to, the following:
- sensitivity to economic, business and market conditions in the United States and overseas, including economic instability or a downturn in the sectors served by us;
- declines in average selling prices for our products and the supply/demand balance for our products, including the impact of excess industry capacity or an imbalance in demand for our chlor alkali products;
- unsuccessful execution of our strategic operating model, which prioritizes Electrochemical Unit (ECU) margins over sales volumes;
- failure to control costs and inflation impacts or failure to achieve targeted cost reductions;
- our reliance on a limited number of suppliers for specified feedstock and services and our reliance on third-party transportation;
- higher-than-expected raw material, energy, transportation, and/or logistics costs;
- the occurrence of unexpected manufacturing interruptions and outages, including those occurring as a result of labor disruptions, production hazards and weather-related events;
- the failure or an interruption of our information technology systems;
- failure to identify, attract, develop, retain and motivate qualified employees throughout the organization;
- our inability to complete future acquisitions or successfully integrate them into our business;
- our substantial amount of indebtedness and significant debt service obligations;
- risks associated with our international sales and operations, including economic, political or regulatory changes;
- the negative impact from the COVID-19 pandemic and the global response to the pandemic, including without limitation adverse impacts in complying with governmental mandates;
- weak industry conditions affecting our ability to comply with the financial maintenance covenants in our senior credit facility;
- adverse conditions in the credit and capital markets, limiting or preventing our ability to borrow or raise capital;
- the effects of any declines in global equity markets on asset values and any declines in interest rates or other significant assumptions used to value the liabilities in, and funding of, our pension plans;
- our long-range plan assumptions not being realized causing a non-cash impairment charge of long-lived assets;
- changes in, or failure to comply with, legislation or government regulations or policies, including changes regarding our ability to manufacture or use certain products and changes within the international markets in which we operate;
- new regulations or public policy changes regarding the transportation of hazardous chemicals and the security of chemical manufacturing facilities;
- unexpected outcomes from legal or regulatory claims and proceedings;
- costs and other expenditures in excess of those projected for environmental investigation and remediation or other legal proceedings;
- various risks associated with our Lake City U.S. Army Ammunition Plant contract and performance under other governmental contracts; and
- failure to effectively manage environmental, social and governance (ESG) issues and related regulations, including climate change and sustainability.
All of our forward-looking statements should be considered in light of these factors. In addition, other risks and uncertainties not presently known to us or that we consider immaterial could affect the accuracy of our forward-looking statements.
2022-11
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SOURCE Olin Corporation | https://www.wibw.com/prnewswire/2022/06/14/olin-provides-operations-update/ | 2022-06-14T20:55:34Z |
Biden to lay out in Japan who’s joining new Asia trade pact
By JOSH BOAK and AAMER MADHANI
Associated Press
TOKYO (AP) — President Joe Biden on Monday is set to launch a new Indo-Pacific trade pact designed to signal U.S. dedication to the region and address the need for stability in commerce after the chaos caused by the pandemic and Russia’s invasion of Ukraine.
In a meeting with Japanese Prime Minister Fumio Kishida, Biden said the new Indo-Pacific Economic Framework was designed to deliver “concrete benefits” for people throughout the region.
The White House says framework will help the United States and Asian economies work more closely on issues including supply chains, digital trade, clean energy, worker protections and anticorruption efforts. The details still need to be negotiated among the member countries, making it difficult for the administration to say how this framework can fulfill the promise of helping U.S. workers and businesses while also meeting global needs.
Countries signing on to the framework were to be announced Monday during Biden’s visit to Tokyo for talks with Kishida. It’s the latest step by the Biden administration to try to preserve and broaden U.S. influence in a region that until recently looked to be under the growing sway of China.
Kishida hosted a formal state welcome for Biden at Akasaka Palace, including a white-clad military honor guard and band in the front plaza. Reviewing the assembled troops, Biden placed his hand over his heart as he passed the American flag and bowed slightly as he passed the Japanese standard.
Kishida, in brief remarks, said he was “absolutely delighted” to welcome Biden to Tokyo on the first Asia trip of his presidency. Along with Biden, he drove a tough line against Russia over its invasion of Ukraine, saying it “undermines the foundation of global order.”
Biden, who is in the midst of a five-day visit to South Korea and Japan, called the U.S.-Japanese alliance a “cornerstone of peace and prosperity in the Indo-Pacific” and thanked Japan for its “strong leadership” in standing up to Russia.
The White House announced plans to build the economic framework in October as a replacement for the Trans-Pacific Partnership, which the U.S. dropped out of in 2017 under then-President Donald Trump.
The new pact comes at a moment when the administration believes it has the edge in its competition with Beijing. Bloomberg Economics published a report last week projecting U.S. GDP growth at about 2.8% in 2022 compared to 2% for China, which has been trying to contain the coronavirus through strict lockdowns while also dealing with a property bust. The slowdown has undermined assumptions that China would automatically supplant the U.S. as the world’s leading economy.
“The fact that the United States will grow faster than China this year, for the first time since 1976, is a quite striking example of how countries in this region should be looking at the question of trends and trajectories,” said White House national security adviser Jake Sullivan.
Critics say the framework has gaping shortcomings. It doesn’t offer incentives to prospective partners by lowering tariffs or provide signatories with greater access to U.S. markets. Those limitations may not make the U.S. framework an attractive alternative to the Trans-Pacific Partnership, which still moved forward after the U.S. bailed out. China, the largest trading partner for many in the region, is also seeking to join TPP.
“I think a lot of partners are going to look at that list and say: ‘That’s a good list of issues. I’m happy to be involved,’” said Matthew Goodman, a former director for international economics on the National Security Council during President Barack Obama’s administration. But he said they also may ask, “Are we going to get any tangible benefits out of participating in this framework?”
It is possible for countries to be part of both trade deals.
Biden’s first stop Monday was a private meeting with Emperor Naruhito of Japan at Naruhito’s residence on the lush grounds of the Imperial Palace before the talks with Kishida.
The two leaders were also set to meet with families of Japanese citizens abducted by North Korea decades ago. The Japanese premier took office last fall and is looking to strengthen ties with the U.S. and build a personal relationship with Biden. He’ll host the president at a restaurant for dinner.
The launch of the Indo-Pacific Economic Framework, also known as IPEF, has been billed by the White House as one of the bigger moments of Biden’s Asia trip and of his ongoing effort to bolster ties with Pacific allies. Through it all, administration officials have kept a close eye on China’s growing economic and military might in the region.
In September the U.S. announced a new partnership with Australia and Britain called AUKUS that is aimed and deepening security, diplomatic and defense cooperation in the Asia-Pacific region. Through that AUKUS partnership, Australia will purchase nuclear-powered submarines, and the U.S. is to increase rotational force deployments to Australia.
The U.S. president has also devoted great attention to the informal alliance known as the Quad, formed during the response to the 2004 Indian Ocean tsunami that killed some 230,000 people. Biden and fellow leaders from the alliance, which also includes Australia, India and Japan, are set to gather in Tokyo for their second in-person meeting in less than a year. The leaders have also held two video calls since Biden took office.
And earlier this month, Biden gathered representatives from nine of the 10 members of the Association of Southeast Asian Nations in Washington for a summit, the first ever by the organization in the U.S. capital. Biden announced at the summit the U.S. would invest some $150 million in clean energy and infrastructure initiatives in ASEAN nations.
Sullivan confirmed on Sunday that Taiwan — which had sought membership in the IPEF framework— isn’t among the governments that will be included. Participation of the self-ruled island of Taiwan, which China claims as its own, would have irked Beijing.
Sullivan said the U.S. wants to deepen its economic partnership with Taiwan, including on high technology issues and semiconductor supply on a one-to-one basis.
Biden will wrap up his five days in Asia on Tuesday with the Quad meeting and one-on-one talks with India’s Prime Minister Narendra Modi and Australia’s new prime minister, Anthony Albanese.
The center-left leader of the Australian Labor Party this weekend defeated incumbent Scott Morrison and ended nine years of conservative rule.
Modi, leader of the world’s biggest democracy, has declined to join the U.S. and other allies in levying sanctions against Russia over the invasion of Ukraine. In a video call last month, Biden asked Modi not to accelerate its purchase of Russian oil.
—-
Associated Press writers Zeke Miller and Darlene Superville in Washington contributed to this report. | https://localnews8.com/news/ap-national-business/2022/05/22/biden-to-lay-out-in-japan-whos-joining-new-asia-trade-pact/ | 2022-05-23T03:24:21Z |
Dear Annie: My husband and I met while he was going through a challenging divorce and instantly fell in love. Because we have a significant age difference, he wanted to get married and start having kids as soon as possible. His best friend “Robert” made it clear that he did not approve of our relationship or engagement. (Keep in mind, this friend has had wine bottles broken over his head by his cheating wife.)
At our wedding, Robert and his wife chose to not give a gift because of their disapproval. After the wedding, he taunted my husband that he has a card with the gift in it, but my husband and I don’t deserve a wedding gift. Later on, Robert decided, when he sees fit, he will send the wedding gift.
When Robert thought he was striking it rich, he decided to go radio silent for eight months. Now that the guy lost his job, he calls my husband daily, demanding and harassing him to help get him a job.
We are coming on our four-year anniversary — still no gift. Robert’s daughters are graduating from college. My husband wants to send a generous gift, as we would typically do for our friends and family. I said we can send a card congratulating them on their accomplishments. When we receive the wedding gift, we can send our typical graduation gifts.
— Disappointed in Robert
Dear Disappointed: Why is your husband wasting his time on such a toxic and immature “friend”? The fact that he attended your wedding and refused to give a gift is strange enough, but holding the gift hostage four years later is completely absurd.
As terribly as Robert has treated you, his daughters have done nothing wrong. If you have a close relationship with them, go ahead and send them a gift as you normally would. If you do not, send a card — or nothing at all. | https://www.tdtnews.com/life/advice_columns/article_c771e0a0-f2fa-11ec-b237-efa63c2864a5.html | 2022-06-24T07:09:59Z |
The technology firm names new GM of Europe and Chief People Officer
CHICAGO, June 14, 2022 /PRNewswire/ -- Atlas, a global Human Experience Management (HXM) technology company that simplifies global expansion with unified software and solutions, including Employer of Record (EOR), expands its executive leadership team with the addition of two strategic hires: Ruairi Kelleher as general manager (GM) of Europe, and Michelle Mesina as chief people officer (CPO).
As GM of Europe, Ruairi Kelleher will lead Atlas' business operations and oversee expanded development within the region. As CPO, Michelle Mesina will direct Atlas' internal people strategy to deepen global impact while cultivating rewarding employee experiences for an increasingly diverse workforce.
"Strengthening our foundational leadership team is essential as Atlas continues to evolve our best-in-class HXM technology solution to meet the demands of our customers and launch us into our next phase of growth," said Rick Hammell, CEO of Atlas. "The addition of Ruairi reflects our commitment to meeting the increased demand for global expansion solutions in the untapped market of Europe. Additionally, Michelle's extensive experience in organizational design, cultural alignment and employee wellbeing, will further enhance Atlas' reputation as a purpose-driven employer."
Kelleher brings more than 15 years of experience building and scaling innovative companies via operations, technology, strategy, revenue and M&A activity. Prior to joining Atlas, he served as CEO at global payroll technology company Immedis where he oversaw its 2016 launch and repositioning. Under his stewardship, Immedis emerged as a leader in the payroll space with more than 400 employees and year-over-year growth of more than 100%. As chief executive officer, Kelleher spearheaded the successful Series A and B funding rounds at Immedis and led the commercial practice for expat tax mobility within the Group. Additional previous experience includes consulting for international firms, where he focused on delivering business growth through corporate relationship solutions.
"The value proposition of Atlas' direct model presents a rare opportunity to define the market," said Kelleher. "I am thrilled to join Atlas and help drive the effort as we cement our industry-wide leadership in Europe and beyond."
Michelle Mesina, SPHR, comes to Atlas with over 20 years of experience from start-up, high- growth and transformative environments, helping organizations to scale quickly. She joins Atlas' C-suite following a series of high-profile positions leading HR and people ops for such dynamic companies as Gensler, PowerReviews, project44 and Hazel Technologies. At Hazel Technologies, she had overall responsibility for thought leadership strategies and solutions to attract, engage and retain the best talent.
"Atlas is focused on prioritizing our people and building a workplace culture where everyone can thrive and belong," said Mesina. "I am excited to join Atlas as we progress into our next phase of growth, continuing to deliver the best support to our clients and worksite employees (WSEs) by optimizing how we attract, onboard, develop and retain our people around the world."
The largest direct employer of record (EOR), Atlas brings experience and localized expertise into an enterprise-grade technology platform that empowers innovative companies to onboard, manage and pay global talent. The HXM platform delivers end-to-end EOR solutions with self-service capabilities, real-time insights that optimize business outcomes and human touchpoints along the way. The expansion of the leadership team furthers Atlas' position as the leader in simplifying global people operations in the thriving work-from-anywhere world.
Atlas enables innovative companies to compete in a global economy, believing that businesses should employ whomever they want, wherever the talent exists. As the largest direct employer of record (EOR) with entities in over 160 countries, Atlas is a technology platform that is supported by experts and delivers flexibility for companies to expand across borders, onboard talent, manage compliance, and pay their global workforce without the need for a local entity.
Atlas was built on years of experience navigating the challenges of quickly deploying and paying international employees while ensuring compliance with local regulations. This experience brings localized experience and expertise into an enterprise-grade technology platform that supports thousands of companies and remote teams. The Atlas platform is uniquely designed to deliver end-to-end EOR solutions and empowered user experiences that provide self-service capabilities and real-time insights that lead to improved business outcomes. Learn more at atlasHXM.com.
Media Contact:
Courtney Merolle
courtney@bospar.com
754.715.0747
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SOURCE Atlas | https://www.mysuncoast.com/prnewswire/2022/06/14/leading-eor-hxm-platform-strengthens-c-suite-with-strategic-leadership-hires/ | 2022-06-14T10:27:48Z |
- Opens 31,000 Square Foot Facility in Newtown, Connecticut
- New Store Branded RV One Superstores Connecticut
FORT LAUDERDALE, Fla., June 1, 2022 /PRNewswire/ -- RV Retailer, LLC ("RVR") today announced the grand opening of RV One Superstores Connecticut in Newtown, Connecticut.
Jon Ferrando, Chief Executive Officer and President of RVR stated, "We are excited to expand in New England and enter Connecticut with a new store under the RV One Superstores brand. The RV demographics in the market are strong with over 13,000 RV registrations in a 150 mile radius of the store."
"The new store boasts over 31,000 square feet of indoor sales and service space to serve this incredible market. The service center has 14 state of the art indoor service bays and 2 wash bays to service customers year-round. The store will be part of our East Region run by Don Strollo, East Region President," added Jon Ferrando.
"This will be a great store. The Newtown community and the local government officials have been supportive during the entire build process. We are pleased to represent our RV manufacturing partners in the Connecticut community and welcome all the new associates at the store into RVR," added Don Strollo, East Region President for RV Retailer.
RV One Superstores Connecticut location is on South Main Street/25 and on the south side of Newtown the city. The new location is surrounded by several beautiful state parks in Rocky Glen State Park, Upper Paugussett State Forest and Kettletown State Park.
To learn more about our RV One Superstores Connecticut location and RV Retailer, please visit: https://rvone.com/connecticut or https://www.rvretailer.com/
RV Retailer, LLC is a leading recreational vehicle retail company in the United States with a focus on providing an outstanding experience for recreational vehicle customers in new and used sales, service and parts, and customer financial services. RV Retailer has 100 RV stores in 31 states: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Idaho, Indiana, Iowa, Kentucky, Missouri, Montana, Nevada, New Hampshire, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wyoming. Regional store brands include: RV One Superstores, Motor Home Specialist, ExploreUSA, Floyd's RV, Sonny's Camp-N-Travel, Cousins RV, Camper Clinic, RV Outlet USA, Lifestyle RVs, Family RV Group, Northgate RV, Tom's Camperland and Blue Dog RV, which sell a wide range of new and used RV brands with thousands of RVs in inventory.
RV Retailer is led by co-founders Jon Ferrando, Chief Executive Officer and President, and John Rizzo, Executive Vice President, Chief Financial Officer and Treasurer. Jon Ferrando and John Rizzo were instrumental in building America's largest automotive retailer from start-up to over $20 billion in revenue. RV Retailer's leadership team has over 250 years of automotive and RV retail industry experience.
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SOURCE RV Retailer, LLC | https://www.mysuncoast.com/prnewswire/2022/06/01/rv-retailer-expands-new-england-with-new-store-connecticut/ | 2022-06-01T23:01:21Z |
Macy's Backstage opens Saturday in retailer's Belden Village Mall store
JACKSON TWP. – A Macy's Backstage opens on Saturday at the retailer's Belden Village Mall location.
Macy's has set aside more than 11,000 square feet on the second floor as space for what the company describes as an "off-price and on-trend" shopping experience.
More:Summertime fun: Country music, Journey, LGBTQ+ pride, Belden Village cooking competition
The grand opening is 10 a.m., with a variety of giveaways available to customers while supplies last.
The Belden Village Macy's Backstage is one of 37 locations the retailer is opening this spring.
So far, Macy's has expanded its off-price business to more than 300 location around the country. The store-within-store operation is in four of the 17 Macy's locations across Ohio.
Shoppers can finds apparel for men, women and children, along with an assortment of housewares, beauty, accessories, activewear, designer handbags and other products.
Macy's Backstage has a distribution center in Columbus, dedicated to supplying merchandise to each location and ensuring stores have fresh products. | https://www.cantonrep.com/story/news/2022/06/03/macys-backstage-opens-saturday-retailers-belden-village-store/7496495001/ | 2022-06-03T16:55:48Z |
TOKYO, July 8, 2022 /PRNewswire/ --
-BCP-compatible Service Designed to Avoid Port Congestion on North America's West Coast-
Nippon Express U.S.A., Inc. (hereinafter, "NX USA"), a group company of Nippon Express Holdings, Inc., has launched "US EXPORT SERVICE Via MEXICO" (abbreviation: U.S.E.ME), a new BCP-compatible multimodal transport service for shipments from the United States and Canada to Asia via Mexico.
Logo:
https://kyodonewsprwire.jp/img/202207053436-O1-HoYUeT48
Image: U.S.E.ME service route map
https://kyodonewsprwire.jp/prwfile/release/M103866/202207053436/_prw_PI2fl_q9myWSE3.jpg
Overview of service
A. Name of service: "US EXPORT SERVICE Via MEXICO" (abbreviation: U.S.E.ME) This BCP-compatible integrated multimodal transport service conveys cargo overland by trailer from various locations in North America (U.S./Canada) to a Nippon Express warehouse in San Luis Potosi, Mexico, where it is transshipped to containers and transported by sea from Manzanillo Port in Mexico to ports in Japan and other Asian countries.
B. Features
1. Reliable lead time: This transport service avoids port congestion on the U.S. West Coast and thus offers dependable lead time (e.g., about 37 days from Chicago to Yokohama Port).
--> The lead time for transporting cargo overland (railway and truck) along the same route via the West Coast is currently about 40 to 60 days*.
*Based on transport carried out by Nippon Express as of June 2022
2. High-quality integrated transport by the NX Group: NX Mexico provides customers with reliable service by issuing House Waybills and consistently clarifying its transport responsibilities from departure points to arrival points.
3. Flexible collection: Goods can be collected from major cities across the United States and Canada on dates specified by customers. Primary collection areas: Toronto, Minneapolis, Chicago, Indianapolis, Detroit, Columbus, Cincinnati, Nashville, Atlanta, Houston, etc.
Background to service development
Port congestion along North America's West Coast has led to changes and delays in ship schedules, making it difficult to secure new space, congesting railway terminals and thereby slowing transshipment and creating a shortage of truck drivers, all of which have had a major impact on logistics. The outlook remains uncertain, with concerns over the risk of port strikes having arisen in the course of labor-management negotiations at points all along the West Coast.
NX USA has developed U.S.E.ME as a new BCP-compliant multimodal transport service via Mexico, where space is more readily available, to avoid port congestion on the U.S. West Coast and maintain customers' supply chains. Together with providing reliable transport with stable lead times, NX USA will utilize its strengths as the only Japanese company with its own warehouse in Mexico to offer high-quality integrated transport services by the NX Group.
In August 2021, Nippon Express also started a service from Japan to North America via Mexico to avoid the congestion on the U.S. West Coast. So, with the U.S.E.ME service now in operation, services via Mexico are available in both directions between Japan and North America.
The NX Group remains committed to providing BCP-compatible solutions and supporting customers' business continuity by developing alternative routes and combining and using transport modes in response to customer requests.
Nippon Express website: https://www.nipponexpress.com/
NX Group's official LinkedIn account: https://www.linkedin.com/company/nippon-express-group/
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SOURCE Nippon Express Holdings, Inc. | https://www.wibw.com/prnewswire/2022/07/08/nippon-express-usa-launches-new-multimodal-transport-service-north-america-asia-via-mexico/ | 2022-07-08T08:37:32Z |
AG Derek Schmidt lists 6 steps to improve School Safety
TOPEKA, Kan. (WIBW) - Kansas Attorney General Derek Schmidt has released a public safety plan meant to improve school security and, hopefully, reduce armed violence.
“Kansas kids deserve to feel safe in our communities and especially in our schools,” Schmidt said. “The Legislature has already led the way with commonsense, proven programs to make schools safer. We need leadership to keep us moving forward.”
The measure includes six specific aspects.
- Double funding for the Safe & Secure Schools grant program;
- Hire, train and retain more School Resource Officers (SROs);
- Provide more mental-health professionals for schools by continuing to expand the Mental Health Intervention Team (MHIT) program until it is available to all school districts;
- Seek authority to use existing federal coronavirus funds for school-safety needs;
- Promote awareness in schools and among students of how and when to file Suspicious Activity Reports (SARs) about potential school threats;
- Enact the Reduce Armed Violence Act.
“Kansans have recently seen firsthand how important well-trained School Resource Officers can be for school safety,” said Schmidt. “This plan helps more schools have a School Resource Officer and a Mental Health Intervention Team to protect students, provides funds to assist local school districts in securing facilities, improves our ability to discover threats before they are carried out, and strengthens penalties for gun crimes committed by repeat violent felons. It’s an overall approach that should garner a bipartisan consensus.”
Double funding for the Safe & Secure Schools grant program
According to Derek Schmidt’s office, lawmakers have created and funded Safe & Secure School grants in the past to help improve school security. In fact, according to him, the grants were at $5 million per year from the fiscal year of 2019 to 2023, but the funding was eventually cut. Plus, no funds were made available to schools during 2022, after the Department of Education determined that COVID-19 funds could not be used for school security. Derek Schmidt’s office says
Hire, train and retain more School Resource Officers (SROs)
Derek Schmidt’s office says that for years, the Attorney General’s office has offered funding for the Kansas Juvenile Officers Association for the annual training conference and offered travel expenses to help local police departments and sheriff’s offices send officers to school-based specialized training. Schmidt suggests that the Safe & Secure School grants be expanded and made more flexible to accommodate the cost of hiring, training, and retaining SROs.
Provide more mental-health professionals for schools by continuing to expand the Mental Health Intervention Team (MHIT) program until it is available to all school districts
In 2019, the Kansas legislature established a pilot program to partner nine school districts and local community health centers together to start Mental Health Intervention Teams. Since it began, $7.5 million has been given to the program and it has now expanded to 43 school districts. Schmidt says that expanding the program further would provide students with plenty of mental health services until it is available across all Kansas school districts.
Seek federal authority to use existing coronavirus funds for school-safety needs
Since the COVID-19 pandemic began, the federal government has offered school districts emergency funding to address COVID-19 needs. Derek Schmidt’s office states that since then the funds have remained unspent and might one day need to be returned to the government if unused. As stated by Schmidt’s office, Kansas has roughly $1 billion in unspent COVID-19 funds.
Derek Schmidt offers this suggestion: Individuals can work with Kansas representatives to help ease federal restrictions and acquire permission from the federal government to use the already-appointed funds for school safety improvements. Which can include hiring school-based officers, making modifications to buildings, supporting MHITs, and other local security needs.
Promote awareness in schools/among students of how and when to file Suspicious Activity Reports (SARs) about potential school threats
To address school threats, the Kansas Bureau of Investigation (KBI) partnered with the Kansas Department of Education to expand the Suspicious Activity Reports (SARs) criminal intelligence program back in 2019. According to Schmidt’s office, since it began, 38 SARs have been determined as school threat tips.
If anyone has information about a potential threat they have noticed at a school, they can file a SARs report online.
Schmidt’s office recommends that if leaders with Kansas school districts continue to promote the SARs program, the public will further know its existence of the program and what it can do to help.
Enact the Reduce Armed Violence Act
According to Derek Schmidt, the Reduce Armed Violence Act, also called House Bill 2657, would require that convicted felons, who illegally possess firearms while committing new violent felonies, would be sentenced to prison for the weapons charge, along with any other penalty they have committed. Therefore, Schmidt proposes that lawmakers enact H.B. 2657, and once enacted the weapons violation charge would make the sentence be served consecutively with any other sentence the person has committed, which could be between 7 months to 23 months of incarceration, depending on the criminal history of the offender.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/06/08/ag-derek-schmidt-lists-6-steps-improve-school-safety/ | 2022-06-09T01:07:41Z |
PHILADELPHIA, July 20, 2022 /PRNewswire/ -- Berger Montague is investigating violations of the federal securities laws on behalf of investors who purchased Solana ($SOL) cryptocurrency tokens issued by Solana Labs, Inc. ("Solana Labs" or the "Company") between March 24, 2020, and the present, inclusive (the "Class Period").
If you purchased $SOL during the Class Period, would like to discuss Berger Montague's investigation, or have questions concerning your rights or interests, please contact attorneys Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Michael Dell'Angelo at mdellangelo@bm.net or (215) 875-3080 or visit: https://investigations.bergermontague.com/solana-labs/
Headquartered in San Francisco, Solana Labs, Inc., is a blockchain network and cryptocurrency operator. Solana Labs began issuing and offering $SOL cryptocurrency to U.S. investors on or about March 24, 2020.
According to a lawsuit recently filed in the United States District Court for the Northern District of California, Solana Labs and its co-defendants issued and sold $SOL without registering the tokens with the U.S. Securities and Exchange Commission (SEC) as required under the federal securities laws . The suit alleges that throughout the Class Period, Solana Labs and its co-defendants promoted and sold unregistered $SOL securities to investors, and that such investors have suffered losses as a consequence of the Defendants' misrepresentations and omissions.
Berger Montague, with offices in Philadelphia, Minneapolis, Washington, D.C., and San Diego, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.
Whistleblowers: Anyone with non-public information regarding Solana Labs is encouraged to confidentially assist Berger Montague's investigation or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. For more information, contact us.
Contacts
Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bm.net
Michael Dell'Angelo, Executive Shareholder
Berger Montague
(215) 875-3080
mdellangelo@bm.net
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SOURCE Berger Montague | https://www.wibw.com/prnewswire/2022/07/20/berger-montague-investigates-securities-violations-against-solana-labs-inc-solana-foundation-lead-plaintiff-deadline-is-september-6-2022/ | 2022-07-21T00:40:26Z |
- First firm contract for Embraer's P2F comes after an agreement announced in May with Nordic Aviation Capital (NAC) for up to 10 conversion slots for E190F/E195F;
- Deliveries to start in 2024;
- E-Jets Freighters offer over 50% more volume capacity, three times the range of large cargo turboprops, and up to 30% lower operating costs than narrowbodies;
SÃO JOSÉ DOS CAMPOS, Brazil, June 24, 2022 /PRNewswire/ -- Embraer [B3: EMBR3, NYSE: ERJ] has signed a firm order for up to 10 Embraer E-Jets Passenger to Freight (P2F) conversions with an undisclosed customer. Aircraft for conversion will come from the customer's current E-Jets fleet, with deliveries starting in 2024. This is the first firm contract for Embraer's P2F, being the second agreement for this kind of operation. In May, Embraer and Nordic Aviation Capital (NAC) announced an agreement in principle to take up to 10 conversion slots for E190F/E195F.
Combining under-floor bulk cargo and main deck, the maximum gross structural payload is 13,150kg for the E190F and 14,300kg for the E195F. Considering typical e-commerce cargo density, the net weights and volumes are also impressive: the E190F can handle a payload of 23,600lb (10,700kg) while the E195F a payload of 27,100 lb (12,300 kg).
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SOURCE Embraer S.A. | https://www.mysuncoast.com/prnewswire/2022/06/24/embraer-signs-firm-contract-up-10-passenger-freight-conversions/ | 2022-06-24T22:22:42Z |
WASHINGTON (NEXSTAR) – The government wants to help renters and homeowners with rising housing costs. The Biden administration announced a new affordable housing plan on Monday.
Deputy National Economic Council Director Bharat Ramamurti says the focus is increasing the supply of available living spaces.
“The way to bring costs down for families in a sustainable way is to make sure that there are more homes available,” Ramamurti said.
He says the administration’s plan aims to do that with new financing options and expanded access to certain tax credits and loans.
“Make it easier for developers to build new homes, finish those homes, and get them into the hands of people who really need them,” Ramamurti said.
National Housing Conference CEO David Dworkin applauds their steps.
“What the administration is doing is its saying, so what are the federal levers that are going to make a difference,” Dworkin said.
The plan also pressures local governments to change complicated zoning regulations. And it reforms existing housing programs.
“Streamline and simplify them in order to make the dollars we are currently appropriating go further,” Dworkin said.
In addition, President Joe Biden is asking Congress to pass legislation that tackles the issue of affordable housing.
“There are certain things we can only do with Congress and one of those things is to make significant changes to our tax code,” Ramamurti said.
The Biden administration is pushing for lawmakers to expand the Low Income Housing Tax Credit and pass the Neighborhood Homes Investment Act.
“They have bipartisan support and there is no reason why they couldn’t be taken up on their own,” Dworkin said.
He cautions that there is no magic wand for housing, so these efforts will take time.
“Regardless of when it happens, if we make this investment now it will absolutely make a difference and I think that’s what we have to be thinking,” Dworkin said.
Right now the administration believes there is a shortfall of about 1.5 million homes and their plan is aimed at closing that gap in five years. | https://cw33.com/news/washington-dc-bureau/affordable-housing-plan-aims-to-bring-down-high-costs-of-living/ | 2022-05-17T03:16:07Z |
DALLAS, July 14, 2022 /PRNewswire/ -- The Dallas-based intellectual property and business litigation firm Caldwell Cassady & Curry is proud to announce the addition of James Smith as the firm's newest associate.
Mr. Smith joins the firm after serving as a law clerk for the Hon. Kimberly A. Moore at the U.S. Court of Appeals for the Federal Circuit. He previously represented intellectual property clients at a California firm for several years.
Mr. Smith assists the firm's team at all stages of litigation from pre-filing investigation to trial. He provides experience in drafting dispositive motions, resolving discovery disputes, creating and implementing case strategies, and working with technical experts.
Mr. Smith graduated from the University of Virginia School of Law, where he served on the Editorial Board for the Virginia Journal of Law and Technology. He earned his undergraduate degree in electrical engineering from Brigham Young University. Mr. Smith is one of the many highly skilled attorneys at Caldwell Cassady & Curry with an advanced technology degree.
Caldwell Cassady & Curry is known for the strength of its team, which includes many accomplished young lawyers in addition to Mr. Smith. Earlier this year, eight firm attorneys earned spots on the exclusive 2022 Texas Rising Stars list that recognizes the state's top young lawyers.
Caldwell Cassady & Curry represents companies and individuals in high-stakes civil litigation, including patent infringement cases, trade secrets claims, fiduciary duty cases, class actions, and disputes involving company founders. The firm has tried and won some of the nation's top verdicts against the largest companies in the world. Learn more about the firm at www.caldwellcc.com.
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SOURCE Caldwell Cassady & Curry | https://www.kxii.com/prnewswire/2022/07/14/caldwell-cassady-amp-curry-adds-intellectual-property-attorney-james-smith-dallas/ | 2022-07-14T16:25:34Z |
WEST PALM BEACH, Fla., June 28, 2022 /PRNewswire/ -- The Iscoe Law Firm, one of Florida's leading personal injury attorney teams, points out that bike accident injuries are more common than most Floridians realize. Bicyclists account for two percent of all traffic-related deaths and injuries every year. This should come as no surprise, as bicyclists are incredibly vulnerable when involved in a vehicle crash.
Gary T. Iscoe, Esq. Founding Partner of Iscoe Law Firm says bicyclists and family members of people killed in bicycle accidents may be able to take legal action against a driver if the driver was entirely or partially responsible for the accident. In a successful claim, the injured victim will need to prove that:
- The motorist did something negligent, careless, or in violation of driving rules. All drivers have an obligation to be reasonably safe. When a motorist doesn't live up to that obligation, it could be a breach of legal duty.
- The violation of legal duty was the direct cause of a bicycle accident. As such, you must prove that the driver's behavior directly led to the bike crash.
- You sustained actual harm because of the bicycle accident.
Motorists make poor decisions and careless mistakes that can result in bicycle accidents. They may drive while intoxicated, drowsy, or distracted. Others might be speeding or fail to yield immediately before the accident.
If you or someone you love was recently injured or killed in such an accident, contact the Iscoe Law Firm. Our Palm Beach County lawyers understand how devastating bicycle accident injuries can be and aren't afraid to stand up for your rights.
Since 1991, Gary T. Iscoe, a Trial Lawyer, has been dedicated to holding the powerful accountable for taking advantage of the powerless. From representing clients in serious injury cases, wrongful death cases, class actions, and other lawsuits including medical malpractice, and product liability. Gary and his team understand Florida's complex personal injury laws.
Iscoe Law fights hard for the injured and holds auto insurers like State Farm, Allstate, Progressive, GEICO, Liberty Mutual accountable for the pain and suffering, medical expenses, lost wages, and other damages suffered by its clients.
Iscoe Law offers a free initial consultation at one's home, office, hotel, or hospital. For more information or schedule a free consultation, call 800-800-6500 or visit www.iscoelaw.com
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SOURCE Iscoe Law | https://www.mysuncoast.com/prnewswire/2022/06/28/iscoe-law-firm-reminds-bicyclists-about-their-rights/ | 2022-06-28T12:04:39Z |
Imaginative play comes to life with unique STEM sets and collectible plush figures!
IRVINE, Calif., Sept. 12, 2022 /PRNewswire/ - Luki Lab continues to bring innovation and fun to kids and kids at heart with NEW releases from Pinxies, House Monsters and the launch of the all new action–themed building set line, DEXOR! Each brand inspires storytelling and imaginative exploration and opens up a world of endless entertainment for kids.
Kids will become engrossed in educational play with the STEM authenticated Pinxies and Dexor building sets. Both Pinxies and Dexor building sets feature highly detailed graphic paperboard panels and bold, colorful building links, as well as a variety of accessories. The character figures can interlock hands with each other and have interchangeable expressions to encourage storytelling for a well-rounded, educational experience.
Through the enchanting world of Pinxies, kids will learn to expand their imagination, play creatively, solve problems, and hone early construction skills with the new Pinxies Butterfly Hot Air Balloon and Pinxies Star Wish Tower creative building sets. They'll join adventurer and expert builder, Koral, as she navigates her way through the Pinxies' world, where discovery and making new friends is just the beginning.
Whether their taking flight in the hot air balloon or joining Koral in her quest to find a fallen star, they will enjoy endless build-and-play fun that includes:
- Over 100 pieces to build impressively tall free–standing sets (18" tall Pinxies Butterfly Hot Air Balloon, Pinxies 22" tall Star Wish Tower)
- 1 Koral character with two interchangeable expressions
- A sticker sheet for decorating
- Buildable friends
- Unique accessories, such as a pretend-play telescope tube with 3 interchangeable colored lenses (Pinxies Star Wish Tower)
Pinxies Butterfly Hot Air Balloon and Star Wish Tower retail for $29.99 and are available on lukilab.com and amazon.com
The new brand Dexor invites kids to enter the world of 10-year-old Derek, a regular kid who has a secret life as a young inventor! Not only does he love to design and build robots, but he also uses them to save his town from one disaster after another. When Derek is in the cockpit of his robot creations, he becomes Dexor, where he must save the world while also finishing his homework on time!
Kids can help Derek transform into Dexor with three action–themed building sets: Robot, T-Rex and Mini Jets. The Dexor figure from each set also fits inside the completed build's hatch for added play and storytelling, and all sets are compatible with one another for even more fun.
Each set includes
- Over 90 pieces in each set
- Derek character figure with two interchangeable expressions
- Accessories
- A sticker sheet for customizing
Dexor Robot and T–Rex retail for $19.99 and Dexor Mini Jets retail for $17.99. All sets are available on lukilab.com and amazon.com. In addition to the new sets, kids can follow along with Dexor's adventures with all-new animated short form episodes launching now on the Luki Lab Kids YouTube channel.
Fans of the mischievous House Monsters will be thrilled to meet the latest additions to the lineup – Blushy and Whirly! Blushy is the bathroom monster. She lives in the vanity and loves to eat all the soap! Whirly is the washer monster. She lives in the washing machine and munches on colorful socks.
Each new character:
- Is made from soft plush with a unique texture specific to each character
- Comes with its own habitat depicting where it lives in your house - designed for both play and display
- Comes with its own I.D. card that shows the monster's home address (hiding place), favorite food and biggest fear
Each House Monster can be found on amazon.com for $18.99, as well as on lukilab.com.
To learn more about the Pinxies, Dexor and House Monsters brands, visit lukilab.com or follow Luki Lab on Instagram and Facebook.
LUKI LAB is an award-winning creator of distinctive toys and games sold worldwide via online, specialty, and mass-market retailers. Luki Lab brands include Pinxies, House Monsters, Gujo Adventure, Clawsome and Robomax, among others. The company has offices in Irvine, CA; Atlanta, GA; Hong Kong and Shenzhen.
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SOURCE Luki Lab | https://www.mysuncoast.com/prnewswire/2022/09/12/fall-into-fun-luki-lab-expands-pinxies-house-monsters-lines-debuts-new-dexor-brand/ | 2022-09-12T13:37:55Z |
- In Australia, Nuvaxovid™ is the first protein-based COVID-19 vaccine registered for use as a booster regardless of previous vaccine history
GAITHERSBURG, Md., June 13, 2022 /PRNewswire/ -- Novavax, Inc. (NASDAQ: NVAX), a biotechnology company dedicated to developing and commercializing next-generation vaccines for serious infectious diseases, today announced that the Australian Therapeutic Goods Administration (TGA) has granted provisional registration of Nuvaxovid™ (NVX-CoV2373) COVID-19 vaccine as a booster in individuals aged 18 and over.
"Today's provisional registration for Nuvaxovid as a booster in Australia is an important step in ensuring broad global access to diversified vaccine options," said Stanley C. Erck, President and Chief Executive Officer, Novavax. "As COVID-19 continues to persist and evolve, we are pleased to be able to offer the first protein-based COVID-19 vaccine registered for use as both a primary series and now booster regardless of previous vaccine history."
The provisional registration was based on data from Novavax' Phase 2 trial conducted in Australia, from a separate Phase 2 trial conducted in South Africa, and from the UK-sponsored COV-BOOST trial. As part of the Phase 2 trials, a single booster dose of Nuvaxovid was administered to healthy adult participants approximately six months after their primary two-dose vaccination series of Nuvaxovid. The third dose produced increased immune responses comparable to or exceeding levels associated with protection in Phase 3 clinical trials. In the COV-BOOST trial, Nuvaxovid induced a robust antibody response when used as a heterologous third booster dose.
In the Novavax-sponsored trials, following the booster, local and systemic reactions were generally short-lived with a median duration of approximately two days. The incidence of Grade 3 or higher events remained relatively low. Safety reporting of reactogenicity events showed an increasing incidence across all three doses of Nuvaxovid, reflecting the increased immunogenicity seen with a third dose. Medically attended adverse events, potentially immune-mediated medical conditions, and severe adverse events occurred infrequently following the booster dose and were balanced between vaccine and placebo groups.
The TGA granted provisional registration in January 2022 for use of Nuvaxovid in individuals aged 18 and over. Novavax filed for expanded provisional registration in Australia for use in adolescents aged 12 through 17 in May 2022.
Novavax' sponsor in Australia is Biocelect Pty. Ltd.
Authorization in the U.S.
The Novavax COVID-19 vaccine (NVX-CoV2373) has not yet been authorized for use in the U.S. and the trade name Nuvaxovid™ has not yet been approved by the U.S. Food and Drug Administration.
Important Safety Information
- Nuvaxovid is contraindicated in persons who have a hypersensitivity to the active substance, or to any of the excipients.
- Events of anaphylaxis have been reported with administration of COVID-19 vaccines. Appropriate medical treatment and supervision should be available in case of an anaphylactic reaction following the administration of the vaccine. Close observation for at least 15 minutes is recommended and a second dose of the vaccine should not be given to those who have experienced anaphylaxis to the first dose of Nuvaxovid.
- Anxiety-related reactions, including vasovagal reactions (syncope), hyperventilation, or stress‐related reactions may occur in association with vaccination as a psychogenic response to the needle injection. It is important that precautions are in place to avoid injury from fainting.
- Vaccination should be postponed in individuals suffering from an acute severe febrile illness or acute infection. The presence of a minor infection and/or low-grade fever should not delay vaccination.
- Nuvaxovid should be given with caution in individuals receiving anticoagulant therapy or those with thrombocytopenia or any coagulation disorder (such as haemophilia) because bleeding or bruising may occur following an intramuscular administration in these individuals.
- The efficacy of Nuvaxovid may be lower in immunosuppressed individuals.
- Administration of Nuvaxovid in pregnancy should only be considered when the potential benefits outweigh any potential risks for the mother and foetus.
- The effects with Nuvaxovid may temporarily affect the ability to drive or use machines.
- Individuals may not be fully protected until seven days after their second dose. As with all vaccines, vaccination with Nuvaxovid may not protect all vaccine recipients.
- The most common adverse reactions observed during clinical studies were headache, nausea or vomiting, myalgia, arthralgia, injection site tenderness/pain, fatigue, and malaise.
For more information on Nuvaxovid, including the Australian approved Product Information, Australian approved Consumer Medicines Information and Important Safety Information, or to request additional information please visit the following websites:
About NVX-CoV2373
NVX-CoV2373 is a protein-based vaccine engineered from the genetic sequence of the first strain of SARS-CoV-2, the virus that causes COVID-19 disease. The vaccine was created using Novavax' recombinant nanoparticle technology to generate antigen derived from the coronavirus spike (S) protein and is formulated with Novavax' patented saponin-based Matrix-M™ adjuvant to enhance the immune response and stimulate high levels of neutralizing antibodies. NVX-CoV2373 contains purified protein antigen and can neither replicate, nor can it cause COVID-19.
The Novavax COVID-19 vaccine is packaged as a ready-to-use liquid formulation in a vial containing ten doses. The vaccination regimen calls for two 0.5 ml doses (5 mcg antigen and 50 mcg Matrix-M adjuvant) given intramuscularly 21 days apart. The vaccine is stored at 2°- 8° Celsius, enabling the use of existing vaccine supply and cold chain channels. Use of the vaccine should be in accordance with official recommendations.
Novavax has established partnerships for the manufacture, commercialization and distribution of NVX-CoV2373 worldwide. Existing authorizations leverage Novavax' manufacturing partnership with Serum Institute of India, the world's largest vaccine manufacturer by volume. They will later be supplemented with data from additional manufacturing sites throughout Novavax' global supply chain.
About the NVX-CoV2373 Phase 3 Trials
NVX-CoV2373 continues being evaluated in two pivotal Phase 3 trials.
PREVENT-19 (the PRE-fusion protein subunit Vaccine Efficacy Novavax Trial | COVID-19) is a 2:1 randomized, placebo-controlled, observer-blinded trial to evaluate the efficacy, safety and immunogenicity of NVX-CoV2373 with Matrix-M adjuvant in 29,960 participants 18 years of age and over in 119 locations in the U.S. and Mexico. The primary endpoint for PREVENT-19 was the first occurrence of PCR-confirmed symptomatic (mild, moderate or severe) COVID-19 with onset at least seven days after the second dose in serologically negative (to SARS-CoV-2) adult participants at baseline. The statistical success criterion included a lower bound of 95% CI >30%. A secondary endpoint was the prevention of PCR-confirmed, symptomatic moderate or severe COVID-19. Both endpoints were assessed at least seven days after the second study vaccination in volunteers who had not been previously infected with SARS-CoV-2. In the trial, NVX-CoV2373 achieved 90.4% efficacy overall. It was generally well-tolerated and elicited a robust antibody response after the second dose in both studies. Full results of the trial were published in the New England Journal of Medicine (NEJM).
The pediatric expansion of PREVENT-19 is a 2:1 randomized, placebo-controlled, observer-blinded trial to evaluate the safety, effectiveness, and efficacy of NVX-CoV2373 with Matrix-M adjuvant in 2,247 adolescent participants 12 to 17 years of age in 73 locations in the U.S., compared with placebo. In the pediatric trial, NVX-CoV2373 achieved its primary effectiveness endpoint (non-inferiority of the neutralizing antibody response compared to young adult participants 18 through 25 years of age from PREVENT-19) and demonstrated 80% efficacy overall at a time when the Delta variant of concern was the predominant circulating strain in the U.S. Additionally, immune responses were about two-to-three-fold higher in adolescents than in adults against all variants studied.
PREVENT-19 is being conducted with support from the U.S. government, including the Department of Defense, the Biomedical Advanced Research and Development Authority (BARDA), part of the Office of the Assistant Secretary for Preparedness and Response at the U.S. Department of Health and Human Services (HHS), and the National Institute of Allergy and Infectious Diseases, part of the National Institutes of Health at HHS. BARDA is providing up to $1.75 billion under a Department of Defense agreement (# MCDC2011-001).
Additionally, a trial conducted in the U.K. with 14,039 participants aged 18 years and over was designed as a randomized, placebo-controlled, observer-blinded study and achieved overall efficacy of 89.7%. The primary endpoint was based on the first occurrence of PCR-confirmed symptomatic (mild, moderate or severe) COVID-19 with onset at least seven days after the second study vaccination in serologically negative (to SARS-CoV-2) adult participants at baseline. Full results of the trial were published in NEJM.
About Matrix-M™ Adjuvant
Novavax' patented saponin-based Matrix-M adjuvant has demonstrated a potent and well-tolerated effect by stimulating the entry of antigen-presenting cells into the injection site and enhancing antigen presentation in local lymph nodes, boosting immune response.
About Novavax
Novavax, Inc. (NASDAQ: NVAX) is a biotechnology company that promotes improved health globally through the discovery, development, and commercialization of innovative vaccines to prevent serious infectious diseases. The company's proprietary recombinant technology platform harnesses the power and speed of genetic engineering to efficiently produce highly immunogenic nanoparticles designed to address urgent global health needs. NVX-CoV2373, the company's COVID-19 vaccine, has received conditional authorization from multiple regulatory authorities globally, including the European Commission and the World Health Organization. The vaccine is currently under review by multiple regulatory agencies worldwide and will soon be under review in the U.S. for use in adults, adolescents and as a booster. In addition to its COVID-19 vaccine, Novavax is also currently evaluating a COVID-seasonal influenza combination vaccine candidate in a Phase 1/2 clinical trial, which combines NVX-CoV2373 and NanoFlu*, its quadrivalent influenza investigational vaccine candidate, and is also evaluating an Omicron strain-based vaccine (NVX-CoV2515) as well as a bivalent Omicron-based / original strain-based vaccine. These vaccine candidates incorporate Novavax' proprietary saponin-based Matrix-M adjuvant to enhance the immune response and stimulate high levels of neutralizing antibodies.
For more information, visit www.novavax.com and connect with us on LinkedIn.
*NanoFlu identifies a recombinant hemagglutinin (HA) protein nanoparticle influenza vaccine candidate produced by Novavax. This investigational candidate was evaluated during a controlled phase 3 trial conducted during the 2019-2020 influenza season.
Forward-Looking Statements
Statements herein relating to the future of Novavax, its operating plans and prospects, its partnerships, the timing of clinical trial results, the ongoing development of NVX-CoV2373, a COVID-seasonal influenza investigational vaccine candidate, the scope, timing and outcome of future regulatory filings and actions, including Novavax' upcoming FDA Advisory Committee meeting and including Novavax' plans to supplement existing authorizations with data from the additional manufacturing sites in Novavax' global supply chain, additional worldwide authorizations of NVX-CoV2373 for adolescents, the evolving COVID-19 pandemic, the potential impact and reach of Novavax and NVX-CoV2373 in addressing vaccine access, controlling the pandemic and protecting populations, including the potential for a booster dose of NVX-CoV2373 to provide protection against COVID-19 (including variants), the potential reach of NVX-CoV2373, the efficacy, safety and intended utilization of NVX-CoV2373, and expected administration of NVX-CoV2373 are forward-looking statements. Novavax cautions that these forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, without limitation, challenges satisfying, alone or together with partners, various safety, efficacy, and product characterization requirements, including those related to process qualification and assay validation, necessary to satisfy applicable regulatory authorities; difficulty obtaining scarce raw materials and supplies; resource constraints, including human capital and manufacturing capacity, on the ability of Novavax to pursue planned regulatory pathways; challenges meeting contractual requirements under agreements with multiple commercial, governmental, and other entities; and those other risk factors identified in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Novavax' Annual Report on Form 10-K for the year ended December 31, 2021 and subsequent Quarterly Reports on Form 10-Q, as filed with the Securities and Exchange Commission (SEC). We caution investors not to place considerable reliance on forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at www.sec.gov and www.novavax.com, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of the statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Contacts:
Investors
Alex Delacroix | 240-268-2022
ir@novavax.com
Media
Ali Chartan | 240-720-7804
media@novavax.com
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SOURCE Novavax, Inc. | https://www.kxii.com/prnewswire/2022/06/13/novavax-covid-19-vaccine-nuvaxovid-provisionally-registered-australia-booster-individuals-aged-18-over/ | 2022-06-13T12:29:51Z |
Goodwill Poll Reveals Vital Information to Help Solve the Latest U.S. Labor Challenges
ROCKVILLE, Md., Sept. 2, 2022 /PRNewswire/ -- Monday marks the 140th time that Labor Day will be celebrated in the U.S. Goodwill, along with many Americans and organizations, will observe the national holiday. Labor Day is a time to recognize the social and economic achievements of American workers. It also provides a reminder of both the opportunities and the challenges facing the American workforce today.
A recent poll conducted by Goodwill Industries International through market research firm PerryUndem reveals a significant opportunity gap between the 11.2 million U.S. job postings currently available and the millions of people who are unemployed or underemployed who want those jobs but don't have the skills or experience required to earn them.
More than 2,300 workers were polled to better understand what they have been experiencing in the current labor market. A majority of recent job seekers (57%) said they didn't apply to at least one job due to concerns that they lacked the required skills or training. They also said that if they could attend free training or receive other support for their job searches, they would apply for those jobs. The poll findings underscore the pressing need for organizations to respond to the opportunity gap and support those individuals who face barriers to finding good, sustainable jobs.
At a time when millions of people are still looking to move ahead in the workforce and with inflation on the rise, Goodwill organizations are helping people in communities across the nation obtain free job skills and training to secure sustainable employment and reach financial self-sufficiency. In 2021 alone, local Goodwill organizations connected more than 123,000 people in the U.S. and Canada with jobs. That same year, more than one million people accessed Goodwill services, including career navigation, skills training and online learning. Many local Goodwill organizations also provide access to support services such as childcare, financial education, free tax preparation and transportation to ensure they are stable both at home and in the workplace.
"Our mission at Goodwill is to help people realize their full potential through gainful employment," said Steve Preston, Chief Executive Officer of Goodwill Industries International. "We help people get the skills they need to fill in-demand jobs and we help them land those jobs through resume support interview skills, and other support. Meaningful work helps people and their families flourish, while at the same time, advancing our economy."
To find your local Goodwill career center, visit www.goodwill.org.
ABOUT GOODWILL INDUSTRIES INTERNATIONAL
Goodwill Industries International is a network of 155 community-based, autonomous organizations in the U.S. and Canada with a presence in 12 other countries. Goodwill industries International is a 501(c)(3) nonprofit that provides people with opportunities and support to empower themselves and thrive through training, development and employment.
Local Goodwill organizations provide career navigation, skills training, job placement and other community-based services funded in part by selling donated clothing and household items in nearly 3,300 stores and at ShopGoodwill.com®. Some of the community-based programs local Goodwill organizations provide include English-language training, financial education, industry-recognized credentials, résumé preparation, and access to reliable transportation and childcare.
Last year, more than 1.1 million people received in-person career services, and hundreds of thousands of people used computers and mobile devices to access Goodwill education, training, mentoring and online learning services to strengthen their job skills.
For more information or to find a Goodwill location near you, visit goodwill.org, or call (800) GOODWILL. Follow us on Twitter: @GoodwillIntl and @GoodwillCapHill, and find us on Facebook, Instagram and YouTube: GoodwillIntl.
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SOURCE Goodwill Industries International | https://www.mysuncoast.com/prnewswire/2022/09/02/labor-day-sheds-light-goodwill-mission-helping-people-earn-jobs/ | 2022-09-02T17:33:30Z |
TAIPEI, July 28, 2022 /PRNewswire/ -- Award-winning Taiwan blockchain solutions provider International Trust Machines Corporation (ITM) announced that it will present Blockchain Notary Service (BNS) at the CES 2022. The technology has been adopted by Taiwan's Ministry of Justice as part of the latest initiative launched by the government to integrate blockchain technology with its legal sector. The start-up will be showcasing its technology at the Taiwan Tech Arena (TTA) Pavilion at CES 2022
The capital injection from the world-leading IC design house MediaTek and the Taiwan-based electronics manufacturing giant Wistron has expanded the international reputation of ITM which has transformed its business focus from blockchain software development kit (SDK) to Platform-as-a-Service. With the launch of ITM Blockchain Notary Service (BNS), the company has also addressed data trust issues that have been plaguing a wide variety of industries.
Blockchain is a great solution for data validation and security, but the scalability problem of the technology presents a challenge for companies wishing to use blockchain to record their massive amount of data from IoT devices cost-effectively. With its ground-breaking technology, ITM aims to help enterprises break through the bottleneck and allow them to take advantage of blockchain for IoT applications by targeting three common problems - scalability, privacy and cost.
"Linking SDK to corporate systems is a very complicated process for most companies as it requires experienced blockchain engineers to complete the system integration. In the past, companies had to encrypt data, build a blockchain system and upload data on their own, which proved to be expensive and time-consuming. By using our BNS, companies are now able to shrink an enormous amount of data into a short string of digits, a 32-byte ledger fingerprint can seal one million transactions with the ability for quick auditing of selected data. It is an easy-to-use one-stop service requiring no efforts from companies," said Julian Chen, Co-Founder and CEO of ITM.
ITM BNS leveraged its cutting-edge technology to provide companies with the easiest way to connect their applications or data to Ethereum at zero cost, allowing them to achieve greater efficiency and trust. It is also the first-ever platform to uplink million-scale transactions for free onto Public Blockchain Ethereum. It is possible thanks to the company's cryptographic security algorithm that transforms into Restful API under an exclusive security protocol to allow for streamlined connection between the company's data and public blockchain, achieving higher levels of security and TPS with low cost and IoT uplinks.
ITM BNS also allows companies to focus on building their system while easily establishing trustworthy transaction history, time stamp, device ID, and other related information, facilitating smooth communication between different entities. The service features three interfaces, including a web app for everyday users, an API for developers and an IoT SDK for Edge devices.
For more information, please visit https://bns.itrustmachines.com/login.
About International Trust Machines Corporation (ITM)
Founded in January 2019 in Taiwan, International Trust Machines Corporation (ITM) offers Blockchain Notary Service as a solution to the scalability problem of public ledgers. Since its establishment, ITM has been working with local and international organizations to further promote innovative blockchain solutions. Its clients and strategic partners include Qualcomm, Microsoft, MediaTek, Acer, Kneron, and others.
The blockchain solutions provider has claimed the 1st runner-up honors at the Qualcomm Innovate in Taiwan Challenge 2019 (QITC 2019), it was also among the 80 startups chosen by the Taiwan Tech Arena to exhibit innovative products at the TTA Taiwan Tech Pavilion at CES 2020. ITM received pre-A round funding from global leading IC design house MediaTek and leading electronics manufacturer Wistron. The investment has brought ITM a rising overseas interest.
ITM facilitates trustworthy transactions with its zero-cost Blockchain Notary Service.
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SOURCE ITM | https://www.mysuncoast.com/prnewswire/2022/07/29/itm-showcase-zero-cost-ethereum-blockchain-notary-service-bns-tta-pavilion-worlds-biggest-tech-event/ | 2022-07-29T03:46:29Z |
PHILADELPHIA, April 21, 2022 /PRNewswire/ --
FMC Corporation (NYSE: FMC), an agricultural sciences company, today announced a new global sustainability platform that accelerates the company's goals on climate change, food security, conservation and social justice. The platform builds on FMC's 10 years of progress and represents the next evolution of the company's ongoing commitment to advancing sustainable agriculture, globally.
"Throughout our history, FMC's technology and ingenuity have empowered farmers to safely and sustainably grow food the world needs," said Mark Douglas, president and chief executive officer of FMC. "Our new Greater Than Green platform takes FMC's commitment to farmers, the environment and our communities to the next level with sharper, more aggressive targets to track our progress. On the eve of Earth Day 2022, we are proud to share how FMC is investing in our planet."
Aligned with key U.N. Sustainable Development Goals, Greater Than Green accelerates agricultural innovation while advancing the company's climate strategy and diversity, equity and inclusion goals. FMC's commitments on these issues center on three areas: Protection, Innovation and Engagement. It is comprised of 11 strategic imperatives FMC will track and measure over time. Among the imperatives, FMC has committed to:
- Achieve net-zero greenhouse emissions by 2035
- Use renewable energy at all FMC locations
- Broaden its portfolio of new solutions to maximize crop yields on existing farmland
- Enable advancements in farming that reduce on-farm carbon emissions and promote water stewardship
- Enrich lives and livelihoods of minority and smallholder farmers
- Cultivate a diverse, equitable and inclusive workplace
FMC's expanded sustainability commitments include a more rigorous focus on environmental metrics. As the company announced in 2021, one of its signature imperatives is an industry-leading target of net-zero greenhouse gas emissions by 2035. The company recently achieved the first milestone in its net-zero journey, submitting near-term 2030 emissions reduction targets to Science Based Targets initiative (SBTi) Business Ambition for 1.5°C. These include 42 percent absolute reduction for Scopes 1 and 2 emissions and 25 percent absolute reduction for Scope 3 emissions.
In addition to company-wide emissions, FMC is actively tracking and reducing water use and waste disposal across its manufacturing sites, and recently reset its long-term goals to drive greater improvements in water efficiency and waste reduction, reuse and recovery.
For example, FMC has committed to implement sustainable water practices as defined by the Alliance for Water Stewardship (AWS) Standard at all sites by 2035. The company will focus first on high-risk areas, pursuing AWS certification for sites in those locations by 2030. Furthermore, FMC will pursue 100 percent waste-to-beneficial reuse by 2035, which includes reductions in waste generation, reuse of materials, recycling and energy recovery.
"Greater Than Green represents a significant leap forward for FMC's longstanding commitment to sustainability," said Karen Totland, vice president and chief sustainability officer at FMC. "From efforts to foster a more resilient and sustainable food system to aggressive goals around net-zero emissions, energy, water and waste reduction, we're setting a new standard for sustainability in our industry."
Additional information about FMC's sustainability progress and goals, including an online copy of the company's sustainability report, is available at fmc.com/sustainability.
About FMC
FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers, crop advisers and turf and pest management professionals to address their toughest challenges economically while protecting the environment. With approximately 6,400 employees at more than 100 sites worldwide, FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn® and Twitter®.
Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which are based on management's current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These factors include, among other things, the risk factors and other cautionary statements included within FMC's 2021 Form 10-K filed with the SEC as well as other SEC filings and public communications. FMC cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement. FMC undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law.
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SOURCE FMC Corporation | https://www.mysuncoast.com/prnewswire/2022/04/21/fmc-corporation-announces-new-greater-than-green-global-sustainability-platform-renews-long-term-environmental-metrics/ | 2022-04-21T21:35:30Z |
Which firehose dog toys are best?
Firehose dog toys are a popular and durable alternative to traditional plush toys. They are made from the same woven material as real firehoses, which makes them tough and able to withstand pressure. While not as sturdy as heavy-duty chew toys, firehose toys can have long lives as superior fetch toys that your dog will love. Firehose dog toys come in a wide variety of designs and sizes, but the Bull Fit Dog Bite Tug Toy is a reliable and high-quality option.
What to know before you buy a firehose dog toy
Durability
No dog toy will last forever, but firehose products are significantly stronger and more weather-resistant than plush toys and similar options. The rubber lining and woven firehose material are sturdier than standard polyester, which makes firehose toys awesome for supervised play and games of fetch.
Despite their strength, it should be noted that firehose toys are not designed to be unsupervised chew toys. The seams of firehose toys are susceptible to tearing, making dedicated chew toys a better option if you need to occupy a dog that aggressively plays for long periods of time.
Style and color
Firehose dog toys come in a multitude of designs and colors. Bright colors are popular, but there are more muted options as well. Many toys use multiple pieces of firehose to create a design modeled after animals, such as birds, foxes and frogs.
Purpose
Remember your reasons for buying a firehose toy. If you want to play fetch with your dog, make sure your toy is small enough to be easily thrown. Frisbee firehose toys, which you can easily throw, are also great for fetch. If you’re hoping to play tug-of-war, handles or straps allow for a better grip.
What to look for in a quality firehose dog toy
Stitching quality
Seams are the most vulnerable parts of any dog toy, and many customers report their firehose dog toys coming undone at the seams. This is why strong stitching is essential. You can check the quality of a toy’s stitching yourself if you plan on purchasing in a store, but those shopping online should always look at the provided pictures and customer reviews to ensure a toy’s stitching is tight and secure. Many high-quality firehose dog toys advertise double-stitched seams, which have an added row of stitching that increases the toy’s durability.
Number of seams
When it comes to durability, a small number of seams is preferable. More elaborate designs with multiple pieces of firehose may be attractive, but they have more stitches your dog can tear. If you have longevity in mind, be on the lookout for simple designs with a limited number of seams.
Squeaker
Many firehose dog toys come with at least one squeaker. Squeakers encourage dogs to play with the toy, especially when the toy is new, but it’s not uncommon for dogs to pierce or crush a squeaker before the toy itself shows significant wear. Still, squeakers can add to your dog’s excitement over the toy, and most firehose toys continue to be used after the squeaker breaks. Some squeakers are more durable than others, and certain toys come with multiple squeakers.
Handle or strap
While firehose toys aren’t sturdy enough for intense games of tug-of-war, they can be great for gentle tugging sessions with your dog, and a handle makes tugging far easier. It’s most common to find toys with a handle on one end of the toy, but this can lead to your dog chewing and tearing the stitches on the opposite end. Two-handled toys are less popular, but some customers prefer them because you can grip the toy with both hands while your dog chews at the middle of the toy as opposed to the edge. Because the seams are less likely to tear, two-handled toys are long-lasting.
Size
One size does not fit all dogs when it comes to firehose toys, but there are options for dogs of all sizes. Smaller options can be shorter than 8 inches, while bigger toys can be more than 27 inches long.
Smaller toys are better for playing fetch and giving to smaller breeds, but they may be underwhelming for particularly large dogs. Larger toys can fit multiple squeakers and tend to have greater longevity, as dogs will be less likely to chew at the seams of a big toy. However, larger toys aren’t great for fetch, and small breeds won’t get much use out of a toy longer than 20 inches.
How much you can expect to spend on a firehose dog toy
Firehose dog toys generally fall into the $5-20 price range, although a few large options are more expensive.
Firehose dog toy FAQ
What’s the difference between firehose and other materials?
A. The main advantage to firehose material is its durability; firehose toys are usually sturdier and longer-lasting than comparable products. However, there are some disadvantages. While less slippery than leather or suede, firehose can be slick compared to other materials. This means dogs won’t be able to get a comfortable grip as easily as with materials such as French linen. Firehose is also harder on enamel than French linen.
Do firehose dog toys contain stuffing?
A. Yes. Firehose toys contain varying amounts of stuffing. This is part of why it’s important to supervise play, as you don’t want your dog to eat the stuffing if the toy is torn.
What are the best firehose dog toys to buy?
Top firehose dog toy
What you need to know: This extra-durable toy comes with two handles for easy tugging.
What you’ll love: At 11.8 inches long, this toy is great for medium and large breeds. It’s built tough, and customers have been impressed with the durability and strength. The two handles are perfect for gentle games of tug-of-war that won’t lead to torn seams.
What you should consider: There are no squeakers, and it’s on the higher end of the price spectrum.
Where to buy: Sold by Amazon
Top firehose dog toy for the money
Outward Hound FireHose Dog Toss & Fetch Toy
What you need to know: This low-cost toy is popular and reliable.
What you’ll love: This simple Outward Hound toy comes in three sizes, with the smallest being 7.5 inches long and the largest being 11.5 inches long. The durability is fantastic for the price, and the double-stitched seams add to the longevity. It nicely floats in water and includes a squeaker.
What you should consider: It is a very simple option and the lack of a handle means it’s not ideal for tug-of-war.
Where to buy: Sold by Amazon
Worth checking out
What you need to know: This customizable toy is perfect for fetch.
What you’ll love: This firehose frisbee is perfect for throwing thanks to its simple and sturdy design. It comes in single- and double-stitched options so you can choose how much durability you need. Three squeakers can be added at a very small price increase.
What you should consider: The size and lack of handles mean that tug-of-war will be difficult, and it’s not as attractive as some more colorful options.
Where to buy: Sold by Etsy
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/best-firehose-dog-toy/ | 2022-06-15T01:10:10Z |
TAMPA, Fla. (WFLA) — The Saharan dust plume that has been helping to keep the tropics quiet is dissipating – so what could that mean for the next few weeks of hurricane season?
We typically see Saharan dust – the plumes of dust that originate in the Sahara Desert and move across the Atlantic Ocean to the Gulf of Mexico – from May into early July. Satellites show the dust that we’ve seen the past few weeks is starting to mix out over the central Atlantic Ocean.
Satellites also show another dust plume moving off Africa’s coast, but it does not look nearly as dense as the previous two.
The dry dust and strong winds from the plumes usually helps limit or weaken any tropical activity. Once the dust subsides, we typically see an uptick in tropical activity. However, it’s still early in the hurricane season.
The National Hurricane Center said it does not anticipate any tropical cyclone formation in the next five days, and forecasters are not currently tracking any tropical waves with a potential to develop.
The biggest uptick in tropical activity typically occurs in August, but July storms are certainly possible as we saw with Hurricane Elsa last year in early July.
With one recorded storm so far in the 2022 Atlantic season, the next name on the list for the second storm will be Bonnie.
Tracking the Tropics streams at 2 p.m. ET every Wednesday during hurricane season. For the latest updates, check out our Tracking the Tropics website. | https://cw33.com/news/tracking-the-tropics-will-tropics-get-active-as-saharan-dust-dissipates/ | 2022-06-22T19:42:56Z |
PRAIRIE VILLAGE, Kan., April 25, 2022 /PRNewswire/ -- Fortis Capital Advisors, an emerging RIA based in the Kansas City area, announced today that it has continued the expansion of its national footprint with the acquisition of Avon, CT based Leonard Management Group. Established in 1980, Leonard Investment Management provides dynamic investment strategy solutions for their clients.
"Jim Leonard has really had a storied career as a top investment management professional in Avon, CT," said Fortis Capital CEO, Rob Hagg. "Leonard Management Group was founded on a core value of doing what is best for the clients and acting as a fiduciary in all aspects of the word," said Hagg.
Completing the transition of this practice on the heels of the most recent Fortis Capital acquisition, Next Horizon Advisors, continues the solid momentum and drive for the desired national footprint. "This acquisition was exciting in a different way from others. As we continue to bring advisors and other firms into Fortis Capital, part of our model for growth is working with our advisors to identify opportunities for acquisition and help them execute and fund the transaction. The advisor that brought this to us, Alec Norton, has been with our firm for about a year. We believe in him and his ability to grow this opportunity, so we supported all aspects of it," said Hagg.
"I couldn't be more excited to continue growing what Leonard Management Group had already built. When I joined Fortis Capital, I made it clear that I wanted to capitalize on the entrepreneurial spirit that Rob and the executive team laid out for me as a core part of their business. Opportunities like this will continue to allow me to provide best in class service and resources for my current and future clients," said Alec Norton.
About Fortis Capital Advisors
Fortis Capital is committed to advisor growth. We provide a cutting edge platform of technology, compliance, back-office support and wealth management/planning resources for advisors to focus primarily on what they do best, procuring new clients and continually building relationships with current clients. In addition to those resources, Fortis Capital helps advisors build around their practices with strong recruiting resources and practice acquisition tools and financing strategies.
For more information, please visit fortiscapitaladvisors.com or call 913.222.8862.
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SOURCE Fortis Capital Advisors | https://www.wibw.com/prnewswire/2022/04/25/fortis-capital-advisors-acquires-leonard-management-group/ | 2022-04-25T16:39:40Z |
CAUGHT ON CAM: Dog stolen, ransom requested from owners
LANDOVER, Md. (WJLA) – Raquel Witherspoon and her 12-year-old daughter love their little yorkie dog, Avery.
“He’s a family member, he’s my grandson and he’s her [daughter’s] son, and we had him for three years,” Witherspoon said. “He means the world to us.”
Witherspoon said she never imagined she’d become the latest victim in what seems to be a surge in dog thefts, but when Avery vanished Saturday night, she checked her doorbell camera.
The cam caught a woman with distinctive red hair coming right onto her porch, tossing treats to the skittish little dog, and then walking away with the dog along with a backpack-wearing accomplice.
“I can’t sleep… Avery is out there, we just don’t know,” Witherspoon said.
Witherspoon said she filed a police report, but said the officer told her there was nothing they could do, so she put up fliers. Soon after, she got a series of threatening, profane texts from someone claiming to have the dog.
The person sent a video of Avery in a cage, and Witherspoon agreed to pay a ransom to get the dog back. Witherspoon said the caller then hung up the phone and never called back.
She made sure to get the word out and made sure Prince Georges County Police Department was aware of the crime and all the video evidence. A detective immediately responded.
Witherspoon said she hopes someone knows who the dognapper is and that they will call police.
“I want Avery back,” she said. “I want Avery back, and she needs to deal with what she did.”
Copyright 2022 WJLA via CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/06/21/caught-cam-dog-stolen-ransom-requested-owners/ | 2022-06-21T01:52:51Z |
- UK-based Albumedix Ltd. is a leader in the field of recombinant albumin-based solutions and a highly innovative and profitable company
- Recombinant human albumin is a critical component in the manufacture of innovative biopharmaceuticals, particularly for modalities such as cell therapies, viral therapies and vaccines
- Sartorius will acquire all outstanding shares of Albumedix Ltd. for approximately £415 million
GÖTTINGEN, Germany, Aug. 8, 2022 /PRNewswire/ -- The life science group Sartorius, through its French listed subgroup Sartorius Stedim Biotech, has agreed to acquire 100 percent of Albumedix Ltd. from private investors. The Nottingham, UK-based company provides best-in-class recombinant albumin-based solutions. Recombinant human albumin is an important component for the biopharmaceutical industry required for various applications, for example as an animal-free additive to cell culture media and for the stabilization of vaccines and viral therapies. The business, founded in 1984, has more than 100 employees and is expected to generate revenue of approximately £33 million in 2022 with a significant double-digit EBITDA margin. The agreed purchase price amounts to approximately £415 million. The transaction is subject to regulatory approval and is expected to close before the end of the third quarter of 2022.
"Albumedix will be an important addition to Sartorius' advanced therapy solutions, particularly regarding our cell culture media business, as it will enable us to strengthen our position as a relevant supplier of innovative chemically defined media and critical ancillary materials. This market offers high growth potential due to the increasing regulatory requirements as well as rising demand for the use of recombinant human albumin in near-patient applications. Albumedix will also add important formulation excipients to our vaccine production solutions, allowing us to expand our existing customer relationships and forge new ones," said René Fáber, member of the Executive Board for the Bioprocess Solutions Division of Sartorius.
"We are delighted to be joining forces with Sartorius and look forward to accelerating our ambitious growth plans in delivering critical solutions to our global customers. We have been highly impressed with Sartorius' knowledge and capabilities in the bioprocessing markets, and we are excited to join this purposeful journey. We believe Sartorius will bring tremendous value in strengthening our market reach and broadening our innovation capacity, as well as significantly scaling up our existing platform. We remain focused on our promise of empowering excellence in the life science industry," said Jonas S. Møller, CEO of Albumedix.
Albumedix will be part of the Bioprocess Solutions Division, and the existing 72,000-square-foot site in Nottingham will be established as a center of excellence for innovation and GMP-compliant production of critical raw materials.
Milbank LLP provided legal counsel to Sartorius in this transaction. William Blair acted as financial advisor to Albumedix, and Eversheds Sutherland provided legal counsel.
This press release contains forward-looking statements about the future development of the Sartorius Group. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such statements. Sartorius assumes no liability for updating such statements in light of new information or future events. This is a translation of the original German-language press release. Sartorius shall not assume any liability for the correctness of this translation. The original German press release is the legally binding version.
A profile of Sartorius
The Sartorius Group is a leading international partner of life science research and the biopharmaceutical industry. With innovative laboratory instruments and consumables, the Group's Lab Products & Services Division concentrates on serving the needs of laboratories performing research and quality control at pharma and biopharma companies and those of academic research institutes. The Bioprocess Solutions Division with its broad product portfolio focusing on single-use solutions helps customers to manufacture biotech medications and vaccines safely and efficiently. The Group has been annually growing by double digits on average and has been regularly expanding its portfolio by acquisitions of complementary technologies. In fiscal 2021, the company earned sales revenue of some 3.45 billion euros. At the end of 2021, nearly 14,000 people were employed at the Group's approximately 60 manufacturing and sales sites, serving customers around the globe.
Follow Sartorius on Twitter @Sartorius_Group and on LinkedIn.
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Contact Media Relations
Philipp Grontzki
Head of External Communications
+49 (0)551.308.5581
philipp.grontzki@sartorius.com
Contact Investor Relations
Petra Müller
Head of Investor Relations
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petra.mueller2@sartorius.com
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SOURCE Sartorius AG | https://www.wibw.com/prnewswire/2022/08/08/sartorius-acquire-albumedix-strengthening-its-portfolio-innovative-advanced-therapy-solutions/ | 2022-08-08T16:55:38Z |
Digital Transformation in Procurement Specialist Will Support Arkestro Customers and Their Suppliers in Maximizing the Potential of Predictive Procurement Orchestration
SAN FRANCISCO, Aug. 25, 2022 /PRNewswire/ -- Arkestro, the leading Predictive Procurement Orchestration platform, has announced it has signed its first official Implementation Partner - Wonder Services, an expert in digital transformation and change management in procurement. Wonder Services will also be sponsoring Optimal '22: Las Vegas, Arkestro's Leadership Summit for Predictive Procurement, November 8-9th, with Founder and Chief Wonder Officer Amanda Prochaska scheduled to speak at the event.
"A staggering percentage of digital transformation projects in procurement fail, and 50 percent of global procurement leaders admit their companies are not succeeding in this area," says Amanda Prochaska. "We came from procurement. We've seen that a big reason is that these projects focus too much on technology while de-prioritizing process design and people, especially suppliers who may be new to this kind of technology. We apply a unique methodology to get different results. By focusing closely on suppliers, we can ultimately improve Arkestro customers' supplier relationships and make them better partners, which is critical in this day and age."
"We are thrilled to have Wonder Services as an Implementation Partner for the Arkestro platform, as well as an Optimal speaker," says Arym Diamond, Chief Revenue Officer, Arkestro. "As we continue to build out our partner ecosystem, it will be important for us to work with organizations and professionals with a strong focus and expertise in supply chain and procurement. We view Wonder Services as having both the unique ability to execute at scale, while also being incredibly nimble."
Amanda Prochaska has worked in procurement for 19 years. She and the global Wonder Services team apply decades of learning and experience to bring about positive shifts in even the most change-averse procurement operations across a variety of industries.
"Wonder Services understands and appreciates how important it is to be part of the paradigm shift in digital transformation in procurement," says Arym Diamond, CRO, Arkestro. "We are thrilled to have Amanda speak at Optimal '22 to share with our customers how they can reap the full benefits of Predictive Procurement Orchestration and help drive improvements in their organizations' operational and financial performance."
Optimal '22 attendees will be invited to meet with Wonder Services and speak directly with Amanda Prochaska.
Arkestro is the leading Predictive Procurement Orchestration platform. Built to amplify the impact of procurement's influence, Arkestro helps enterprises deliver a 2-5x lift on cost savings attributed to everyday purchasing and sourcing cycles. Top enterprises leverage Arkestro's behavioral science, game theory and machine learning to predict and win faster value across every category of addressable spend. Learn more at arkestro.com
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SOURCE Arkestro | https://www.wibw.com/prnewswire/2022/08/25/arkestro-announces-wonder-services-an-implementation-partner-optimal-speaker/ | 2022-08-25T19:24:49Z |
SAN DIEGO, July 14, 2022 /PRNewswire/ -- Illumina, Inc. (NASDAQ:ILMN) today announced that it will issue results for the second quarter 2022 following the close of market on Thursday, August 11, 2022.
On the same day, at 2:00 pm Pacific Time (5:00 pm Eastern Time) Francis deSouza, Chief Executive Officer, and Joydeep Goswami, Chief Strategy and Corporate Development Officer and Interim Chief Financial Officer, will host a conference call with analysts, investors, and other interested parties to discuss financial and operating results.
Conference Call Details
The conference call will begin at 2:00 pm Pacific Time (5:00 pm Eastern Time) on Thursday, August 11, 2022. Interested parties may access the live teleconference through the Investor Info section of Illumina's website under the "company" tab at www.illumina.com. Alternatively, individuals can access the call by dialing 866.409.1555 or +1.313.209.4906 outside North America, both with Conference ID 6659694. To ensure timely connection, please dial in at least ten minutes before the scheduled start of the call.
A replay of the conference call will be posted on Illumina's website after the event and will be available for at least 30 days following.
About Illumina
Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as a global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture and other emerging segments. To learn more, visit www.illumina.com and connect with us on Twitter, Facebook, LinkedIn, Instagram, and YouTube.
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ir@illumina.com
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SOURCE Illumina, Inc. | https://www.kxii.com/prnewswire/2022/07/14/illumina-announce-second-quarter-2022-financial-results-thursday-august-11-2022/ | 2022-07-14T21:02:19Z |
NASHVILLE, Tenn., June 8, 2022 /PRNewswire/ -- AgriCapture is working with rice farmers on over 20,000 acres across Arkansas, Mississippi, Missouri, and Texas to implement regenerative practices on their farms to produce Carbon-Neutral Rice. Conventional rice farming is one of the largest sources of greenhouse gases in the world – emitting 2.1 billion tons of carbon dioxide equivalent annually. This is equivalent to burning one billion tons of coal.
Rice production emits more greenhouse gases globally per year than the entire aviation industry. The AgriCapture program is expected to reduce over 100,000 metric tons of GHGs each year, starting in 2022. "We want to build consumer awareness of the difference between purchasing Carbon-Neutral Rice with zero GHG emissions and rice that contributes to climate change with a massive carbon footprint," according to Sami Osman, President of AgriCapture. " It's very exciting to see several major rice distributors and restaurant groups join us in supporting our farmers in this way."
AgriCapture takes a full cradle-to-gate life cycle analysis approach to quantify net GHG emissions. The GHG emissions associated with farming inputs, on-farm activity, post-harvest production, and transportation are all quantified by AgriCapture. "Farmers are becoming increasingly aware of the environmental impacts of certain rice growing practices, and AgriCapture is providing financial incentives to do things differently," said Texas rice farmer, Galen Franz.
AgriCapture's Carbon-Neutral Rice leverages the AgriCapture Climate-Friendly Rice Standard which provides guidance on rice cultivation techniques. For example, the standard requires mulching stubble into the ground instead of burning rice fields after harvest, which is a common annual practice in the United States. By mulching rice stubble into the ground months before the next cultivation period as an alternative to stubble burning, rice farmers can abate as much as 3.6 metric tons of CO2e per acre.
Missouri farmer, Jarrett Lawfield says, "It is a lot easier to do the right thing by the environment if we are financially incentivized. The yields will be the same or more. It just takes more capital and effort. I am willing to do it."
AgriCapture provides technology and data-driven agricultural solutions to climate change. The 92,000-acre Soil Enrichment Project, registered with the Climate Action Reserve, is quantifying, and verifying regenerative farming practices aimed at sequestering carbon and reducing GHG emissions to generate carbon credits.
AgriCapture Carbon-Neutral Rice creates a financial incentive for farmers to eliminate on-farm emissions from rice cultivation while allowing companies to fully eliminate their Scope 3 emissions and offer consumers a true carbon-neutral product. AgriCapture secures Climate-Friendly crop premiums for farmers to further expand regenerative agriculture as a solution to climate change. AgriCapture is based in Nashville, Tenn. More information is available online at www.agricapture.com.
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SOURCE AgriCapture | https://www.kxii.com/prnewswire/2022/06/08/agricapture-certifying-80-million-pounds-carbon-neutral-rice-2022/ | 2022-06-08T15:06:25Z |
City of Bradenton Fire responding to fire at condo building
Published: Sep. 7, 2022 at 2:46 PM EDT|Updated: 37 minutes ago
BRADENTON, Fla. (WWSB) - The City of Bradenton Fire and Manatee County Emergency Services were called out for reports of a fire at a multi-story condo building.
Firefighters were dispatched to Fairways at Pinebrook, located at 4480 Fairways Boulevard. The fire appears to have started in a unit on the fourth floor. It’s the second fire in a residential building in as many days in the Suncoast. A fire broke out in a condominium building in Longboat Key.
The fire had since been put out but crews are investigating.
ABC7 will update this story as more information is received.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/09/07/city-bradenton-fire-responding-fire-condo-building/ | 2022-09-07T19:24:35Z |
ELK GROVE VILLAGE, Ill., July 20, 2022 /PRNewswire/ -- Orsini Specialty Pharmacy, a leader in rare diseases and gene therapies, was chosen by Alnylam Pharmaceuticals as a specialty pharmacy partner for AMVUTTRATM (vutrisiran). AMVUTTRA is indicated to treat the polyneuropathy of hereditary transthyretin-mediated (hATTR) amyloidosis in adults.
A rare, rapidly progressive, and often fatal disease, hATTR amyloidosis affects approximately 50,000 patients worldwide. A variant in the transthyretin (TTR) gene causes amyloid deposits to build up in various parts of the body, resulting in polyneuropathy, or nerve damage that can affect sensation, movement, strength, and the digestive system and other bodily functions.
In the pivotal clinical study, patients with hATTR amyloidosis treated with AMVUTTRA showed significant improvement in nerve function and quality of life. The drug is an RNAi therapeutic, which works to reduce the production of the transthyretin (TTR) protein in the liver, thereby reducing the levels of TTR in the body and preventing amyloid build-up and organ damage.
Orsini Founder and Chief Executive Officer Mike Fieri said, "We are honored to work with Alnylam in providing access to this important treatment option or medication for adults with polyneuropathy of hereditary transthyretin-mediated (hATTR) amyloidosis. Our dedicated Care Team will ensure patients and their caregivers receive AMVUTTRA utilizing the full breadth of Orsini's specialty pharmacy services, which encompass distribution, education, monitoring, benefits assistance, and experienced, compassionate support."
About Orsini Specialty Pharmacy
Providing patients with comprehensive and compassionate care since 1987, Orsini is a leading, independent specialty pharmacy focused on rare and ultra-rare diseases and gene therapies. Orsini's high-touch care model is centered around experienced, therapy-specific care teams who provide personalized care to patients based on their specific condition and treatment. The company's comprehensive solutions include medication adherence programs, data analytics, customized manufacturer programs, and nationwide nursing coverage for convenient in-home infusion services. Headquartered in Elk Grove Village, IL, Orsini Specialty Pharmacy holds accreditations with the Accreditation Commission for Health Care (ACHC), ACHC's Distinction in Rare Diseases and Orphan Drugs, The Joint Commission, URAC, and NABP.
AMVUTTRA is an RNAi therapeutic indicated for the treatment of the polyneuropathy of hereditary transthyretin-mediated (hATTR) amyloidosis in adults. The drug is available in 25mg/0.5mL strength as a clear, colorless-to-yellow solution in a single-dose prefilled syringe for subcutaneous administration once every three months. AMVUTTRA should be administered by a healthcare professional.
Important Safety Information
Reduced Serum Vitamin A Levels and Recommended Supplementation
AMVUTTRA treatment leads to a decrease in serum vitamin A levels.
Supplementation at the recommended daily allowance (RDA) of vitamin A is advised for patients taking AMVUTTRA. Higher doses than the RDA should not be given to try to achieve normal serum vitamin A levels during treatment with AMVUTTRA, as serum vitamin A levels do not reflect the total vitamin A in the body.
Patients should be referred to an ophthalmologist if they develop ocular symptoms suggestive of vitamin A deficiency (e.g., night blindness).
Adverse Reactions
The most common adverse reactions that occurred in patients treated with AMVUTTRA were arthralgia (11%), dyspnea (7%), and vitamin A decreased (7%).
For additional information about AMVUTTRA, please see the full Prescribing Information, available at https://www.amvuttra.com/.
For more information about Orsini's specialty pharmacy services, contact us at 847-734-7373 ext. 532, e-mail us at orsini@orsinihc.com, or visit https://www.orsinispecialtypharmacy.com/.
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SOURCE Orsini Specialty Pharmacy | https://www.wibw.com/prnewswire/2022/07/20/orsini-specialty-pharmacy-selected-limited-distribution-partner-amvuttra-vutrisiran/ | 2022-07-20T17:06:16Z |
MADISON, N.J., Aug. 18, 2022 /PRNewswire/ -- Anywhere Real Estate Inc. (NYSE: HOUS), a global leader in residential real estate services (formerly known as Realogy Holdings Corp.), this week announced that 49 of its affiliated agents have been featured on the LGBTQ+ Real Estate Alliance Top Producers list, spanning across the company's industry-leading brands including Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, and Sotheby's International Realty®. In its second year, the list honors 236 individual member agents and teams, an increase of 20 percent over last year's inaugural list, which combined for 10,940 transaction sides in 2021 and $4.85 billion in volume.
"It's so gratifying to see the growth not only in the Anywhere representation on the LGBTQ+ Real Estate Alliance Top Producers list, but also of the list as a whole," said Sue Yannaccone, president and chief executive officer, Anywhere Brands. "The presence of more high-producing, influential LGBTQ+ agents and allies than ever is a measure of progress in the Alliance's mission to build a more representative and equitable real estate industry."
The 49 featured Anywhere-affiliated agents make up almost 21 percent of the list across brands including Sotheby's International Realty (19), Coldwell Banker (17), Century 21 (11), and Better Homes and Gardens Real Estate (2). Anywhere-affiliated agents represent the majority of the top 25 producing agents as measured by individual transaction sides.
Anywhere was a founding partner of the Alliance and a sponsor of the LGBTQ+ Real Estate Alliance Top Producers list, which recognizes members who generated at least 25 transaction sides or $10 million in sales volume in 2021. Teams with leaders who are Alliance members also qualified with at least 40 transaction sides and $15 million in sales volume last year. RealTrends compiled the list for The Alliance utilizing its RealTrends + Tom Ferry America's Best Real Estate Professionals report, combined with member entries.
As one of the largest full service residential real estate services companies in the U.S., Anywhere is dedicated to creating a culture of diversity, equity, and inclusion, and is a vocal advocate for equal opportunity and fair housing. In June, the company officially completed its corporate rebrand from Realogy to Anywhere, signifying a strategic emphasis on building a more frictionless and digitized home buying and selling experience for any consumer, anywhere. The transformation also represents the company's mission to further move its culture and talent strategy into the future – empowering employees' growth anywhere in their career journey.
Read more about Anywhere and its commitment to diversity, equity, and inclusion in its 2021 CSR Report. For more information, please visit anywhere.re and follow Anywhere on social media by visiting its LinkedIn, Twitter, Facebook, and Instagram pages.
Anywhere Real Estate Inc. (NYSE: HOUS) is moving the real estate industry to what's next. As the leading and most integrated provider of U.S. residential real estate services encompassing franchise, brokerage, relocation, and title and settlement businesses as well as a mortgage joint venture, the Company supported approximately 1.5 million home transactions in 2021. The Company's diverse brand portfolio includes some of the most recognized names in real estate: Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby's International Realty®. Using innovative technology, data and marketing products, high-quality lead generation programs, and best-in-class learning and support services, the Company fuels the productivity of its approximately 197,600 independent sales agents in the U.S. and approximately 140,600 independent sales agents in 119 other countries and territories, helping them build stronger businesses and best serve today's consumers. Recognized for eleven consecutive years as one of the World's Most Ethical Companies, the Company has also been designated a Great Place to Work four years in a row, named one of LinkedIn's 2021 Top Companies in the U.S., and honored on the Forbes list of World's Best Employers 2021.
The LGBTQ+ Real Estate Alliance is a 501(c)6 non-profit dedicated to empowering the LGBTQ+ community on the path to homeownership as we also advocate on behalf of the community on housing issues. The Alliance, founded in June 2020, is an all-inclusive organization that works to improve the professional lives of its members through a public-facing Alliance Referral Community. The Alliance began accepting members in October 2020 and has more than 2,600 members and dozens chapters in North America. It was named the 2022 Inman News Innovator of the Year in the MLS, Association, or Industry Organization category. For more information visit realestatealliance.org.
Media Contacts:
Brianna Patrizio
Brianna.patrizio@anywhere.re
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SOURCE Anywhere Real Estate Inc. | https://www.kxii.com/prnewswire/2022/08/18/lgbtq-real-estate-alliance-releases-second-annual-top-producers-list-featuring-49-anywhere-affiliated-agents/ | 2022-08-18T20:59:19Z |
- Clinical trial interim results of SCG101 shows tumour control with lesion shrinkage observed in two out of three patients with advanced HBV-related HCC
- Results show rapid and significant serum HBsAg reduction indicates signal of antiviral activity
- Data presented support the advancement of SCG101 to Phase 1/2 of the clinical trials globally
SINGAPORE, June 23, 2022 /PRNewswire/ -- Singapore-based SCG Cell Therapy Pte Ltd ("SCG") today announced interim data from an investigator-initiated clinical trial of SCG101, which included data evaluating single dose SCG101 in patients with advanced hepatitis B (HBV) related hepatocellular carcinoma (HCC). The data showed significant antiviral activity and tumour control in two of three patients. This set of data was presented at the International Liver Congress (ILC) 2022 Annual Meeting in London on 23 June.
In the three HLA-A*02:01-positive patients with advanced HBV-related HCC who had received at least two prior cancer therapies, the tumour growth was controlled in two out of three patients with lesion shrinkage observed. In addition, there is rapid and significant serum HBsAg reduction observed in both subjects from a baseline of 1,004.3 IU/mL and 521.6IU/ML to 23.8 IU/mL and 9.1 IU/mL in just 28 days from SCG101 treatment and further reduced to 14.0 IU/m and 0.3 IU/mL within 60 days from treatment.
"These data showed encouraging antiviral activity and tumour control by a unique T cell receptor (TCR) therapeutic targeting hepatitis B surface antigen (HBsAg) which provides the first clinical proof-of-concept," said Prof. Dr Ulrike Protzer, Director of the Institute of Virology at Helmholtz Munich and Technical University of Munich and Scientific Founder of SCG. "These early results support the continued development of SCG101 for patients with HBV-associated hepatocellular carcinoma where we see a high unmet medical need."
The safety profile of SCG101 was consistent with the side effects expected in T cell therapy. There was no neurotoxicity observed and also no treatment-related AE or SAE (Adverse Event or Serious Adverse Event) which led to treatment discontinuation. Treatment-related cytokine release syndrome (CRS) with fever and bloating were observed in all three patients. Transient ALT and AST increase, without bilirubin elevation or clinical symptoms, was observed but expected due to SCG101 mechanisms of target cells clearance.
"The results of SCG101 show for the first time that an HBsAg directed TCR T cell therapy can provide dual benefit of antiviral and tumour control to patients with HBV-related HCC," said Shunda Du, MD, hepatologist, Peking Union Medical College and principal investigator for the trial. "Chronic HBV infection accounts for more than half of all patients with liver cancer worldwide. The development of HBV-directed TCR therapeutic prompts us to reconsider hepatitis B as a factor in diagnosis and treatment planning for patients with liver cancer."
"We're proud to collaborate with our partnered hospitals to deliver the world's first clinical proof of concept for TCR T cell therapy targeting HBV, which we believe validates the strength of our platform and opens doors for us to explore further breakthrough discoveries for the treatment of other cancers and diseases with high unmet need," said Dr Ke Zhang, Chief Scientific Officer of SCG.
SCG101 was granted clinical trial approvals by China National Medical Products Administration (NMPA) and Singapore Health Science Authority (HSA) in May 2022. It is the first TCR-T cell therapy product approved by the NMPA for the treatment of HCC and the first multi-country clinical trial approval across China and Singapore in the field of cell therapy.
About SCG101
SCG101, an autologous T-cell receptor (TCR) T cell therapy, is an investigational cell therapy product that targets specific epitopes of hepatitis B surface antigen (HBsAg). SCG101 incorporates SCG's proprietary technology, which allows for redirecting and engineering endogenous T cells using virus-specific TCRs with high sensitivity and avidity selectively against dysfunctional infected and tumour cells. Preclinical studies of SCG101 demonstrated tumour inhibition and HBV cccDNA eradication. In 2022, SCG101 was granted clinical trial approvals by the China National Medical Products Administration (NMPA) and Singapore Health Science Authority (HSA) for the potential treatment of HBV-related HCC. The Phase 1/2 study evaluating SCG101 is underway.
About Liver Cancer
Hepatocellular carcinoma (HCC) is the most common type of liver cancer. It is estimated more than 905,000 new cases of liver cancer and more than 830,100 deaths from the disease globally in 2020, making it one of the leading causes of cancer deaths around the world [1]. Chronic hepatitis B virus (HBV) infection accounts for at least 50% of cases of HCC worldwide [2]. HCC is typically diagnosed at an advanced stage and is associated with a poor prognosis. The five-year survival rate of less than 15%.
About SCG Cell Therapy
SCG is a leading biotechnology company focusing on the development of novel immunotherapies for infections and their associated cancers. The company targets the most common cancer-causing infections: helicobacter pylori, human papillomavirus, and hepatitis B, and develops a broad and unique pipeline of T cell therapies, antibodies, and therapeutic vaccines against infections to prevent and cure its associated cancers. Established and headquartered in Singapore, SCG combines regional advantages in Singapore, China and Germany, covering the entire value chain from innovative drug research and discovery, manufacturing, clinical development and commercialization. SCG collaborates with leading scientists and researchers to bring first-in-class and best-in-class medical products/technologies to enhance innovation in medical product development.
For more information about SCG, please visit us at www.scgcell.com
[1]https://www.wcrf.org/cancer-trends/liver-cancer-statistics/
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SOURCE SCG | https://www.wibw.com/prnewswire/2022/06/23/scg-cell-therapy-presents-clinical-proof-of-concept-data-international-liver-congress-ilc-2022-annual-meeting/ | 2022-06-23T10:11:49Z |
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TMC Medical Minutes-TAR for Hernia Repair
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Published: Apr. 22, 2022 at 3:49 PM CDT
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How canine heart disease was tied to grain-free dog food
In 2018, the U.S. Food and Drug Administration, acting on input from a group of veterinary researchers, began investigating whether the increasing popularity of grain-free dog foods had led to a sudden rise in a potentially fatal heart disease in dogs, dilated cardiomyopathy.
Four years later, the FDA has found no firm link between diet and dilated cardiomyopathy. Nor has it rejected such a link, and research is ongoing. Publicity surrounding this issue, nevertheless, has shrunk the once-promising market for grain-free dog foods.
Furthermore, a tangled web of industry funding and interests appears to have influenced the origin, data collection, and course of the FDA study, according to internal FDA records.
A six-month investigation by 100Reporters has found that veterinarians who prompted the FDA to consider diet have financial and other ties to the leading sellers of grain-inclusive pet foods. Additionally, agency records show that for the initial study, some vets were instructed to submit only dilated cardiomyopathy (DCM) cases that implicated grain-free, “exotic” or “boutique” pet foods. Suppliers of ingredients used in grain-free dog foods have also exerted pressure on the FDA to protect their market.
Consequently, the conversation around DCM and grain-free food is deeply divided, with each side claiming the other is prioritizing industry relationships over scientific integrity and the lives of pets.
“This became such an emotional issue,” said Dana Brooks, CEO of the Pet Food Institute, whose members produce most pet foods in the US. “We’re scrambling to try to even determine what’s going on.”
CAUSE FOR CONCERN
Grain-free pet diets became popular in the early 2000s, relying heavily on pulses — seeds from legume plants including peas, beans and lentils. By 2019, grain-free kibble represented 43 percent of dry pet foods sold.
Until 2017, the FDA saw one to three reports of DCM annually. But between January 1 and July 10, 2018, it received 25 cases. Seven reports came from a single source, animal nutritionist Lisa Freeman from Tufts University’s Cummings School of Veterinary Medicine, an FDA spokesperson said. FDA records obtained under the Freedom of Information Act, however, indicate those reports may not have been fully representative of cases seen at the Tufts clinic.
In a June 2018 email to FDA veterinary medical officer Jennifer Jones, Freeman attached a document instructing vets to report cases to the FDA, “If patient is eating any diet besides those made by well-known, reputable companies or if eating a boutique, exotic ingredient, or grain-free (BEG) diet.”
When asked if this could be perceived as cherry-picking data that would shape the inquiry, Freeman stated through Tufts media relations: “The protocol in that email was developed for and intended to help veterinary cardiologists in the early stages of the investigation into potential associations between diet and dilated cardiomyopathy.”
“I shared the protocol with the FDA to inform them of what our clinical recommendations for patients were at that time,” Freeman wrote, noting they’re “continuing to study” any diet with ingredients linked to DCM “regardless of manufacturer.”
In an email, an FDA spokesperson wrote, “The FDA has never requested that DCM cases reported to the agency be limited to certain diet types. We welcome all DCM reports with a suspected link to food, regardless of the type of diet.”
According to PubMed.gov, Freeman has received funding from leading sellers of grain-inclusive foods, including Nestle Purina Petcare, Hill’s Pet Nutrition, and Mars Petcare, since 2002. Her recent conflict-of-interest declarations state: “In the last 3 years, Dr. Freeman has received research funding from, given sponsored lectures for, and/or provided professional services to Aratana Therapeutics, Elanco, Hill’s Pet Nutrition, Nestlé Purina PetCare, P&G Pet Care (now Mars), and Royal Canin.”
Industry funding is common in animal nutrition science. Freeman said she stands behind her research and has " transparently disclosed the sources of funding for the work I conduct on this topic.”
Two veterinary cardiologists—Darcy Adin from the University of Florida College of Veterinary Medicine and Joshua Stern from the University of California, Davis School of Veterinary Medicine—also collaborated with the FDA.
Emails from a public records request indicate that in April 2018, Jones spoke with Freeman, Stern and Adin about grain-free dog foods and DCM and requested spreadsheets of their clinical case data.
Adin has been involved in studies funded by Purina since 2018 and, since 2017, by the Morris Animal Foundation, an animal health charity created by the founder of Hill’s and chaired by a Hill’s employee.
University of Florida’s public relations said neither Adin nor the university received direct financial support from the companies for these studies.
Stern has authored studies funded by the Morris Animal Foundation since 2011, and currently receives funding from the foundation.
“I completely understand conflict-of-interest concerns with people being funded by the pet food industry,” Stern said. “It’s hard to find a veterinary nutritionist that hasn’t done research for pet food companies.”
Purina, Hill’s and Mars didn’t respond to multiple requests for comment.
In July 2018, the FDA announced its investigation, noting many of the 25 dogs diagnosed lacked a genetic predisposition to DCM. The common thread, it said, appeared to be a grain-free diet.
A year later, the FDA took the unusual step of naming 16 dog foods, nearly all grain-free, that appeared most frequently in their DCM case reports. “We’ve never seen anything like that before without a certainty of the cause,” said Brooks.
Joseph Bartges, professor of animal nutrition at the University of Georgia, wasn’t surprised, noting the FDA flagged grain-free food early on. “When you only look for what you want to see, you only see what you look for,” Bartges said. By July 2020, reports of DCM numbered 1,100 — likely resulting from the FDA encouraging people to report the disease,” said Brooks.
INFLUENTIAL INDUSTRY
Suppliers of ingredients for grain-free foods, in turn, marshaled forces to protect their market share.
In its 2019 annual report, the USA Dry Pea & Lentil Council said it “convinced the FDA to clarify their language about their concerns and minimize the damage to the industry.”
In a 2019 letter to FDA officials, Sen. Jon Tester from Montana — a principal growing region for pulses— complained the agency’s “unsubstantiated warning” had hurt pulse farmers. The following year, seven senators signed another letter to the FDA flagging potential “bias about causation of this disease.”
The FDA has continuously stated that DCM involves multiple factors. Shortly after that letter, Steven Solomon, director of the FDA’s Center for Veterinary Medicine (CVM), emphasized this point, describing DCM as “a scientifically complex, multifaceted issue,” adding that “we . . . currently do not view this as a regulatory issue.”
An FDA spokesperson wrote that while it met with stakeholders, “Ultimately, all FDA decisions and work are guided by science, data, and our public health mission.”
Regardless of the investigation’s ultimate findings, sales of grain-free dry dog foods have fallen since June 2018 and decreased by $60 million from 2021 to 2022. Meanwhile, grain-inclusive sales spiked in 2019 and rose by $700 million from 2020 to 2021.
Getting an answer about DCM will be difficult thanks to the complexity of the science and industry influence, said Marion Nestle, author of Pet Food Politics. “They’re all trying to protect their market share.”
______
This article is an abridged version of an investigation produced by 100Reporters, a nonprofit investigative news organization, with financial support from the Fund for Investigative Journalism and legal guidance from the Reporters Committee for Freedom of the Press.Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/07/20/how-canine-heart-disease-was-tied-grain-free-dog-food/ | 2022-07-20T15:31:00Z |
ROME, June 1, 2022 /PRNewswire/ -- On May 4, lifestyle retailer MINISO unveiled its latest store in Naples, Italy. This marks the third store that MINISO has opened in the country in less than a month, following the successful opening of two others in April, including the brand's biggest store in the city of Rome.
The Naples shopfront is conveniently located at Napoli Centrale Train Station, a busy transport hub in a bustling central neighbourhood. Sitting at a crossroads between North and South Italy, the station processes 390 trains a day and welcomes around 50 million passengers a year.
The store spans 120 square metres and features many iconic MINISO products, including popular co-branded items with beloved names, such as Marvel, Minions, We Bare Bears and more. 80 per cent of the items available in-store are in the price range from €0.5 to €15, which means that customers can enjoy an enriched shopping experience without breaking the bank.
Strategic store locations to maximise foot traffic
The brick-and-mortar retailer has carefully selected its new store locations in busy shopping districts and transportation hubs as these locations naturally have a high level of foot traffic.
In Italy, MINISO is present in Euroma 2 Mall, one of the largest shopping malls in Rome, featuring minimalist and sleekly designed products that meet Italian tastes. The above-mentioned Naples store is also the first Italian store in a transportation hub.
In France, MINISO has locations in core metro stations, including Paris Gare de Lyon which opened earlier this month.
Tapping on the great potential of the European market to accelerate growth
MINISO is now present in over 150 locations across Europe since its entry in 2018. In Italy, for instance, MINISO can be found in 15 locations in 9 cities across the country since opening its first store in Rome in April 2021. More new outlets in the UK, France, Spain and other European markets are coming too.
"We are very pleased to see such rapid growth in the region," said MINISO overseas VP Vincent Huang. "At MINISO, we are committed to bringing more of our affordable products to meet the needs and desires of consumers in Italy and other European countries."
The UK, Italy and Spain are open for franchising now.
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SOURCE MINISO | https://www.wibw.com/prnewswire/2022/06/01/miniso-opens-new-store-naples-italy-further-strengthening-its-presence-strategic-european-markets/ | 2022-06-01T06:37:28Z |
MEXICO CITY (AP) — The two cousins returned to the tiny, hardscrabble hamlet they grew up in in southern Mexico about two weeks ago to say goodbye in what has become a rite of passage for generations of migrants from their remote, impoverished mountainous region in Oaxaca state.
After the farewells in the community of Cerro Verde, Javier Flores López and Jose Luis Vásquez Guzmán began their trek north to the U.S-Mexico border and toward their final destination in Ohio, where construction jobs and other work awaited.
Flores López is now missing, his family said, while Vásquez Guzmán is hospitalized in San Antonio after surviving stifling heat inside a tractor-trailer near the Texas city that killed at least 53 people in the deadliest smuggling episode ever in the U.S. The perilous trip for migrants who climbed into what would become a death chamber for many reflects the growing risks people face in fleeing abject poverty, violence and other desperate situations in Mexico and Central America to seek a better life.
Cerro Verde is a community of about 60 people that has largely been abandoned by the young. Those who remain work earning meager livings weaving sun hats, mats, brooms and other items from palm leaves. Many live on as little as 30 pesos a day (less than $2).
“The truth is people leave here out of necessity,” said Felicitos García, who owns a small grocery store in nearby San Miguel Huautla, adding that he saw the two men about two weeks ago. “Life is tough here. People survive by growing their own crops like corn, beans and wheat. Sometimes the land gives and sometimes it doesn’t, when the rains arrive late. There is nothing in place for people to have other resources. People live one day to the next.”
It was not the first trip to the U.S.-Mexico border for Flores López, now in his mid-30s, who left Cerro Verde years ago and went to Ohio, where his father and a brother live.
He was back home to see his wife and three small children briefly, said a cousin, Francisco López Hernández. Vásquez Guzmán, 32, decided to go with his cousin for his first trip across the border and hoped to reach his oldest brother who is in Ohio as well.
While everyone knew the risks, countless people from Cerro Verde had made it safely across the U.S.-Mexico border with the help of smugglers, so it came as a shock, López Hernández said, to learn Vásquez Guzmán was among 67 people packed into the trailer found abandoned Monday near auto salvage yards. The family believes Flores López was, too, but they are still awaiting confirmation.
The driver along with two other men from Mexico remained in custody as the investigation continues.
Officials had potential identifications on 37 of the victims as of Wednesday morning, pending verification with authorities in other countries, according to the Bexar County Medical Examiner’s Office.
The dead include 27 people from Mexico, 14 from Honduras, seven from Guatemala and two from El Salvador, said Francisco Garduño, chief of Mexico’s National Immigration Institute.
Identifying them has been challenging because some were found without identification documents and in one case carried a stolen ID. Remote villages, like Cerro Verde, have little to no phone service to reach family members and fingerprint data has to be shared and matched by the governments involved.
Vásquez Guzmán’s mother, who is trying to get a visa to see her son in Texas, raised him and his three siblings alone after their father died when Vásquez Guzmán was 10. She now is the only one of the family left in Cerro Verde. Vásquez Guzmán left when he was 18 and joined the Mexican military.
His oldest brother, Eloy, went to the United States just over a year ago and settled in Ohio, said López Hernández, who grew up on the neighboring ranch.
“I imagine that he commented to him about how the work situation was and everything and how to make more money,” López Hernández said. “I imagine he called him so that he would come over, too, to have a better life. That’s the draw for why he was going.”
Vásquez Guzmán, who had been living in Mexico City the past six years, returned to Cerro Verde only to say goodbye to his mother, López Hernández said.
He knew it was an expensive and risky trip. López Hernández said most people rely on those who have made it to the U.S. to send them money for the journey, which usually costs around $9,000.
“There are a lot of risks but for those who are lucky, the fortune is there, to be able to work, earn a living” he said.
With so many leaving and heading to the United States, it is easy to find a smuggler and until now the people have gotten across safely, López Hernández said.
“I don’t know in this case if they changed or what happened, why they were abandoned,” he said.
López Hernández, who also has a brother living in Ohio, has thought about joining him. But he said family, work, school and other responsibilities have kept him in Mexico.
This week, he asked his uncle if he had heard from Vásquez Guzmán. He told him he was in Texas.
“I told him, ’How cool, that’s he’s trying hard and we’ll see him on his return,’” López Hernández replied before they lost their phone signal.
He later learned from the Internet about the tragedy.
___
Watson reported from San Diego. | https://cw33.com/news/u-s-news/ap-us-headlines/mexican-migrant-in-texas-tragedy-hoped-to-reach-kin-in-ohio/ | 2022-06-30T17:40:00Z |
Florence Makope Joins Hormel Foods as New Vice President and Treasurer
AUSTIN, Minn., June 21, 2022 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced that Gary Jamison, vice president and treasurer, will be retiring after a 34-year career with the company. The company also announced it has appointed Florence Makope to succeed Jamison as vice president and treasurer. Makope, who joins Hormel Foods with more than 20 years of finance and treasury experience, will report to Jacinth Smiley, Hormel Foods executive vice president and chief financial officer.
"Gary has provided exceptional leadership to our financial organization, including in important areas such as risk, cash management, tax and credit," said Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods. "Over his 34-year career he has held many roles and we are grateful for the expertise he has brought to them all. Notably, Gary was instrumental in implementing the company's Project Orion systems, led the company's new credit facility and the debt issuance of the financing for the acquisition of Planters in 2021. We wish him the very best in his well-deserved retirement and share our appreciation for his dedication, leadership and expertise over the years."
"We are very excited to welcome Florence to Hormel Foods and to this important role," Snee continued. "Florence is an experienced treasury professional who has an excellent background in finance, capital markets, treasury, tax and accounting and brings a wealth of global experience. I am confident she will be a strong addition to the finance team."
About Gary Jamison
Jamison began his career in 1988 as an accountant at one of the Hormel Foods production facilities. The next year, he moved to the company's global headquarters as an internal auditor, then soon returned to the manufacturing environment as the manager of production cost analysts and production costs. Jamison returned to the corporate office to become a corporate cost analyst before moving into marketing as a product manager and price administrator, later assuming the roles of manager of expense analysis and control, and manager of cost accounting for the company's Refrigerated Foods business. In 2003, he became the business unit controller for the company's former Specialty Foods business and in 2006, the vice president of finance at a subsidiary in California. He advanced to vice president and CFO of the company's Jennie-O Turkey Store business in Willmar, Minn., in 2012 and was named to his current role of vice president and treasurer in 2016.
Jamison earned a Bachelor of Arts degree in accounting from Concordia College in Moorhead, Minn., graduated from the Carlson School of Management Minnesota Management Institute program at the University of Minnesota, and completed the Carlson School of Management Minnesota Executive Program.
Jamison has been incredibly active on boards and in organizations, both within and outside of Hormel Foods, continually finding ways to support communities where he has lived and worked.
About Florence Makope
Prior to joining Hormel Foods, Makope was director of strategy deployment for Oshkosh Corporation, where she led the strategic planning process for the global manufacturing company. Prior to leading strategy, she was the company's director of international finance. Before joining Oshkosh Corporation, Makope worked for Plexus Corp., as treasurer and assistant treasurer. She also worked for CARE USA where she managed global treasury services and was the co-founder and director of finance and administration for Trade Finance Company. Makope began her career at British American Tobacco, where she held several positions of increasing responsibility, and ultimately held the position of group treasury manager.
Makope has served on not-for-profit boards including The Women's Fund of the Fox Valley and The Boys and Girls Club of Oshkosh.
She holds a Bachelor of Science honors degree in agricultural economics and an MBA from Manchester Business School, University of Manchester, U.K. She is also a certified public accountant.
About Hormel Foods — Inspired People. Inspired Food.™
Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $11 billion in annual revenue across more than 80 countries worldwide. Its brands include Planters®, SKIPPY®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin's®, Wholly®, Hormel® Black Label®, Columbus®, Jennie-O® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named on the "Global 2000 World's Best Employers" list by Forbes magazine for three years, is one of Fortune magazine's most admired companies, has appeared on the "100 Best Corporate Citizens" list by 3BL Media 13 times, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world's most trusted and iconic brands to tables across the globe. For more information, visit www.hormelfoods.com and http://csr.hormelfoods.com/.
Contact: Media Relations
507-434-6352
media@hormel.com
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SOURCE Hormel Foods Corporation | https://www.wibw.com/prnewswire/2022/06/21/hormel-foods-announces-retirement-gary-jamison-vice-president-treasurer-after-34-years-with-company/ | 2022-06-21T21:20:48Z |
US takes 2-0 lead over Ukraine at Billie Jean King Cup
ASHEVILLE, N.C. (AP) — Alison Riske and Jessica Pegula gave the United States a 2-0 lead over Ukraine on Friday in the best-of-five Billie Jean King Cup qualifier. Riske beat Dayana Yastremska 7-6 (18-16), 7-5, surviving an epic first set that lasted 1 hour, 27 minutes. The 34-point tiebreaker was the second-longest in Billie Jean Cup history, surpassed only by the 40-point tiebreaker in a doubles match when India’s Manisha Malhotra and Sania Mrza beat Uzbekistan’s Ivanna Israilova and Vlada Ekshibarova in the 2004 Asia/Oceanic Group 1 event, 21-19. Pegula beat Katarina Zavatska 6-2, 6-1 in the second match. | https://localnews8.com/sports/ap-national-sports/2022/04/15/us-takes-2-0-lead-over-ukraine-at-billie-jean-king-cup/ | 2022-04-15T23:49:32Z |
LOS ANGELES, Aug. 24, 2022 /PRNewswire/ -- RHINOSHIELD - a global tech accessories brand best known for their ultra-impact protective cases and customizations - is proud to announce the release of their new phone GRIP.
Available in two sizes, RHINOSHIELD GRIPMAX (H 95.4mm, W 62mm, also available in MagSafe) and GRIPMINI (H 63.35mm, W 35.65 mm) easily attach to the back of your phone case and can conveniently slide open as a stylish phone grip. RHINOSHIELD GRIP can be comfortably held even after long hours of usage and is compatible with all current phone models. It also works as a built-in kickstand that can both be propped up in portrait and landscape modes.
In line with RHINOSHIELD's continued efforts to protect the planet, the GRIP's material composition consists of 85% recycled materials, making it one of the most planet-friendly phone grips on the market.
Customers can also customize their phone holder with hundreds of collaboration or RHINOSHIELD original design prints or even add their own text or pictures, allowing the capacity to make the GRIP a personal billboard with a design that best represents you.
Durable by design, RHINOSHIELD GRIP was product tested to the absolute limit and can be opened and closed over 200,000 times. Additionally, the high-duty adhesive can be reapplied over 100 times without wear and unlike other phone grips, it can be easily detached, repositioned, and washed as needed.
GRIPMAX is also available in a version for MagSafe. With one of the most powerful magnetic pull forces on the market, it provides maximum stability and attaches securely to the back of your MagSafe compatible iPhone case.
To learn more about RHINOSHIELD GRIPMAX and GRIPMINI, visit https://shop.rhinoshield.io/grip.
About RHINOSHIELD:
RHINOSHIELD challenges the ordinary by creating products providing extreme impact protection without compromising on style. Established in 2012, RHINOSHIELD has evolved from a start-up on Kickstarter to a global ultra-impact protective accessories brand. Since the beginning, RHINOSHIELD's design concepts have been based on creative ingenuity, and they continue to develop innovative products, while keeping sustainability at the basis of their mission. With stores in Asia, North America, and Europe, RHINOSHIELD brings technological protection to people all over the world. Find out more at www.rhinoshield.io.
Media contact:
erin@besocialgroup.com
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SOURCE RHINOSHIELD | https://www.wibw.com/prnewswire/2022/08/24/rhinoshield-announces-release-their-new-phone-grip/ | 2022-08-24T14:17:53Z |
Combined organization extends geographical reach to provide unmatched onsite solutions to construction, maintenance industry challenges
GREENVILLE, S.C. and CINCINNATI, May 4, 2022 /PRNewswire/ -- AMECO, a leading provider of construction and maintenance Site Services® planning and delivery, announced today that it has acquired F&M MAFCO, an international supplier of tools and equipment rental, sales and service programs. The synergies between both companies will solve construction and maintenance industry challenges by improving the availability of materials, creating onsite labor efficiencies, reducing project costs and enhancing safety and sustainability efforts. Company headquarters will remain in AMECO's Greenville, South Carolina facility. F&M MAFCO will maintain a significant operations presence in Cincinnati, Ohio.
According to Gary Bernardez, chief executive officer of AMECO, "The transformational combination of these two great brands and teams creates a comprehensive Site Services® offering that is truly unprecedented in our industry. Our combined strengths enable us to expand the boundaries in providing innovative site solutions to our clients on capital construction, facility operations and maintenance projects across a greater geographical reach. This is a game-changer."
Tim Fries, F&M MAFCO's CEO, was named chief growth officer of both organizations and president of F&M MAFCO. He will report directly to AMECO CEO Gary Bernardez and be responsible for developing and implementing a long-term growth strategy that fully leverages the synergies of both businesses to drive comprehensive solutions to clients. Fries will oversee all joint strategic planning, business development, marketing and client success initiatives while maintaining his role as president of F&M MAFCO.
Fries commented, "I am very excited about the growth potential that a combined AMECO and F&M MAFCO product and services offering can have on our businesses. Both companies have great brand recognition and reputations in the marketplace. More importantly, we share common core values and company cultures, which will be a key ingredient in delivering exceptional service to clients and securing our future success."
Bernardez added, "In today's business environment, the ability to deliver onsite solutions that provide cost certainty, reduce redundancy of sitewide services, enhance site ESG and sustainability programs, increase uptime and improve labor efficiencies is a huge win for our clients. Together, AMECO and F&M MAFCO will deliver unmatched levels of innovation, efficiency and value across multiple industries. We make a powerful team."
AMECO is a portfolio company of One Equity Partners, a middle market private equity firm focused on transformative combinations within the industrial, healthcare and technology sectors in North America and Europe.
About AMECO
Based in Greenville, South Carolina, AMECO is a privately held company owned by middle-market private equity firm One Equity Partners (OEP). As a Site Services® company, AMECO delivers unique solutions for efficient planning and management of construction indirect products and services, such as scaffolding, tools, water and ice distribution, fueling, vehicles and construction equipment, throughout the project life cycle to the construction and maintenance markets in North America. Industries served include energy, chemicals, advanced technology, biotech, manufacturing, infrastructure, mining and government. For more information, please visit www.ameco.com.
About F&M MAFCO
Based in Cincinnati, Ohio, F&M MAFCO is a leading international tool and equipment rental, sales and service company. The company specializes in providing tool and equipment rental, sales and service programs in the construction and heavy industrial markets across many industry segments, including power generation, manufacturing, petrochemical, chemical, bridges, marine, pulp and paper and mining. For more information, please visit www.fmmafco.com.
About One Equity Partners
One Equity Partners is a middle market private equity firm focused on the industrial, healthcare and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 300 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.
Media Contact: JoAnne Laffey Abed |BRIGHT+CO for AMECO
joanne@brightcomarketers.com | 773.308.5519
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SOURCE AMECO | https://www.mysuncoast.com/prnewswire/2022/05/04/ameco-expands-site-services-offerings-with-acquisition-fampm-mafco/ | 2022-05-04T12:49:30Z |
NEW YORK, Sept. 7, 2022 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased (and still own) ATI Physical Therapy Inc. ("ATI" or the "Company") (NYSE: ATIP) stock prior to June 15, 2021.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of ATIP. The ATIP merger investigation concerns whether the Board of ATIP has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.
To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.
Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington, D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.wibw.com/prnewswire/2022/09/08/atip-alert-levi-amp-korsinsky-llp-remind-investors-an-investigation-into-fairness-merger-led-by-ati-physical-therapy-inc-fka-fortress-value-acquisition-corp-ii/ | 2022-09-08T01:51:38Z |
- Revenue of $933.3 million vs. $752.7 million in prior year
- Earnings per share (EPS) of $0.01 vs. $0.16 in prior year
- Adjusted EPS(1) of $0.06 vs. $0.19 ($0.15 ex. COVID-19 government support programs(2)) in prior year
- Operating income of $39.4 million vs. $86.2 million in prior year
- Adjusted segment operating income(3) of $60.9 million vs. $98.4 million ($84.8 million ex. COVID-19 government support programs(4)) in prior year
- Orders(5) of $1,049.1 million for a record $10.0 billion backlog(5) and 1.12x book-to-sales ratio(5)
- Recorded $28.9 million (non-cash) in unfavourable U.S. Defense contract profit adjustments
- Revised annual growth outlook to mid-20% (vs. mid-30%) consolidated adjusted segment operating income growth; three-year (FY23-FY25) EPS compound growth rate target maintained at mid-20%
MONTREAL, Aug. 10, 2022 /PRNewswire/ - (NYSE: CAE); (TSX: CAE) - CAE today reported revenue of $933.3 million for the first quarter of fiscal 2023, compared with $752.7 million in the first quarter last year. First quarter net income attributable to equity holders was $1.7 million ($0.01 per share) compared to $46.4 million ($0.16 per share) last year. Adjusted net income(6) in the first quarter of fiscal 2023 was $17.6 million ($0.06 per share) compared to $55.6 million ($0.19 per share) last year.
Operating income this quarter was $39.4 million (4.2% of revenue), compared to $86.2 million (11.5% of revenue) last year. First quarter adjusted segment operating income was $60.9 million (6.5% of revenue) compared to $98.4 million (13.1% of revenue) last year. Adjusted segment operating income excluding COVID-19 government support programs, of which there have been none since the first quarter of fiscal 2022, was also $60.9 million (6.5% of revenue) compared to $84.8 million (11.3% of revenue) last year. Adjusted segment operating income this quarter includes $28.9 million in unfavourable contract profit adjustments in Defense, involving two programs in the U.S. All financial information is in Canadian dollars unless otherwise indicated.
"We had a mixed performance in the first quarter, with Civil delivering results in line with our view for strong annual growth, while Defense came in well short of our expectations, as a result of discrete program charges and near-term headwinds in this early stage of its multi-year growth journey," said Marc Parent, CAE's President and Chief Executive Officer. "Despite a challenging global environment, we secured over $1 billion in total orders for a record $10 billion backlog and 1.12 times book-to-sales ratio. In Civil, we booked $522 million in orders for a 1.09 times book-to-sales ratio, including long-term training agreements with airlines and business aircraft operators, and 11 full-flight simulator sales. In Defense, we booked orders for training and mission support solutions valued at $488 million for 1.18 times book-to-sales. And in Healthcare, we continued to drive double-digit revenue growth with our innovative solutions and capable team."
On CAE's revised outlook, Parent added, "we are lowering our outlook for the current fiscal year to mid-twenty percent consolidated adjusted segment operating income growth to account for the two U.S. program charges already incurred in Defense, and to reflect the more acute, sector-wide headwinds we are now experiencing, namely supply chain pressures, labour shortages, and a slower defence contracting environment. We previously indicated our expectation of a back-half-weighted performance in Defense this fiscal year, as we manage through the effects of a protracted period of less than one book-to-sales and begin to ramp up new orders in the second half. The additional Defense headwinds have made this weighting more pronounced, and we expect them to gradually abate through the course of the fiscal year. In our Civil business, we expect continued strong growth, driven largely by the cyclical aviation recovery underway and elevated demand for pilot training in commercial and business jet segments, as evidenced by robust full-flight simulator sales and the exclusive long-term training agreements we have secured in recent quarters with virtually all major airlines in the Americas. I believe our success there provides a compelling blueprint for what a broader global market recovery holds for CAE, and we are poised to continue growing market share from an expanded pipeline of Civil training opportunities. For CAE overall, order intake remains a key leading indicator of our progress along the path to becoming a larger, more resilient, and more profitable company. We greatly enhanced our position and expanded our addressable market over the last couple of years, and I have complete confidence in our team's ability to maintain a strong order momentum and drive superior and sustainable growth and profits over the long-term. Broadly speaking, the underlying trendlines of our multi-year progress are very much intact, and my conviction in CAE's long-term growth outlook is resolute. We continue to target a three-year EPS compound growth rate in the mid-twenty percent range."
First quarter Civil revenue was $480.4 million vs. $432.9 million in the first quarter last year. Operating income was $75.4 million compared to $59.0 million in the same quarter last year. Adjusted segment operating income was $86.6 million (18.0% of revenue) compared to $69.7 million (16.1% of revenue) in the first quarter last year. Adjusted segment operating income excluding COVID-19 government support programs, of which there was none this quarter, was also $86.6 million (18.0% of revenue) compared to $64.5 million (14.9% of revenue) in the same quarter last year. During the quarter, Civil delivered ten full-flight simulators (FFSs)(8) to customers and first quarter Civil training centre utilization(9) was 71%.
During the quarter, Civil signed training solutions contracts valued at $521.5 million, including contracts for 11 FFSs sales. Notable training contracts for the quarter include several exclusive training agreements in the Americas, adding to the exclusive training agreements Civil now holds with most major airlines in the region. They include a three-year extension to a long-term exclusive commercial aviation training agreement with Mesa Airlines, a five-year exclusive training agreement with United Airlines, a five-year exclusive training agreement with JetBlue, and a ten-year exclusive training agreement with another major North American airline. In the U.K., Civil expanded its existing 12-year exclusive commercial aviation training agreement with Virgin Atlantic to include the Boeing 787 platform, now covering all their existing aircraft platforms under the training exclusivity. In business aviation, Civil signed a three-year training agreement with Tag Aviation Holdings, and a three-year agreement with the NATO Support and Procurement Agency.
The Civil book-to-sales ratio was 1.09x for the quarter and 1.32x for the last 12 months. The Civil backlog at the end of the quarter was $5.0 billion.
First quarter Defense revenue was $413.3 million, up 43% compared to the first quarter last year. Operating loss was $30.3 million compared to an income of $22.6 million in the same quarter last year. Adjusted segment operating loss was $21.2 million, compared to an income of $23.7 million (8.2% of revenue) in the first quarter last year. Adjusted segment operating loss excluding COVID-19 government support programs, of which there was none this quarter, was also $21.2 million compared to an income of $15.7 million (5.4% of revenue) in the same quarter last year. The decrease compared to the first quarter of fiscal 2022 was driven mainly by unfavourable contract profit adjustments, which totaled $28.9 million on a legacy L3H MT classified U.S. program and a legacy CAE U.S. training program. This followed the reassessment of cost estimates, due in part from, delays and meeting customer requirements on scope and timing, as well as a change in expectations for the expansion of program requirements, following recent discussions with the customers. Additional challenges during the quarter stemmed from staffing shortages, supply chain pressures, slower than expected order awards, and higher bid and proposal costs associated with the pursuit of a larger Defense pipeline.
Defense booked orders for $488.0 million, including the continuation of last year's success of winning contracts across all five domains. In the Air domain, our joint venture with Leonardo Helicopter entered a contract with the Netherlands Ministry of Defence to provide a training system in support of the Joint NH90 Training Program. In Land, the US Army Synthetic Training Environment Cross Functional Team (STE CFT) awarded CAE a task order to develop a Soldier Virtual Trainer (SVT) Prototype, which is a solution to deliver immersive capabilities that empower Soldier-led training at the point-of-need. In the Sea domain, in partnership with Lockheed Martin, we were awarded a design support contract on the Royal Canadian Navy's next generation frigates or Canadian Surface Combatant (CSC). In Space, we were awarded a prototype contract from Air Force Research Lab (AFRL) Space Vehicle Directorate's Simulation & Technology Assessment Branch. The prototype is part of an initiative with the Space Technology Advanced Research – Fast-tracking Innovative Software and Hardware (STAR-FISH). And in the Cyber domain, as part of a larger team, we secured a position on the approximately $1 billion Agile Cyber Technology (ACT 3) ID/IQ contract vehicle.
The Defense book-to-sales ratio was 1.18x for the quarter and 1.31x for the last 12 months (excluding contract options). The Defense backlog, including options and CAE's interest in joint ventures, at the end of the quarter was $5.0 billion. The Defense pipeline remains strong with some $9.0 billion of bids and proposals pending customer decisions.
First quarter Healthcare revenue was $39.6 million, vs. $31.6 million in the first quarter last year. Operating loss was $5.7 million compared to an income of $4.6 million in the same quarter last year. Adjusted segment operating loss was $4.5 million compared to an income of $5.0 million (15.8% of revenue) in the first quarter last year. Adjusted segment operating loss excluding COVID-19 government support programs, of which there was none this quarter, was also $4.5 million, compared to an income of $4.6 million (14.6% of revenue) in the same quarter last year. Healthcare continued to deliver year-over-year quarterly revenue growth. The decrease in adjusted segment operating income compared to the first quarter of fiscal 2022 was mainly due to higher net research and development costs and higher investments in selling, general and administrative expenses to support growth.
Healthcare expanded its relationship with the Mayo Clinic College of Medicine and Science, finalizing a significant partnership for its LearningSpace centre management solution for its simulation centre in Rochester, Minnesota. Healthcare also increased its presence and visibility in the U.S. in part through efforts supported by CARES Act funding and Mon Health hospital system, to address West Virginia's increased demand for nurses with three mobile training units.
Healthcare's leadership transitioned during the quarter to Jeff Evans, on an interim basis. Jeff formerly led the business unit's sales organization and has been instrumental in driving Healthcare's extended period of double-digit quarterly revenue growth.
CAE incurred restructuring, integration and acquisition costs of $21.5 million during the first quarter of fiscal 2023, including $16 million related to the L3H MT and AirCentre acquisitions.
Net cash used in operating activities was $162.6 million for the quarter, compared to $129.1 million in the first quarter last year. Free cash flow(11) was negative $182.4 million for the quarter compared to negative $147.6 million in the first quarter last year. The decrease was mainly due to a decrease in cash provided by operating activities, partially offset by a lower investment in non-cash working capital. CAE usually sees a higher level of investment in non-cash working capital accounts during the first half of the fiscal year and tends to see a portion of these investments reverse in the second half.
Income tax recovery this quarter amounted to $0.5 million, representing a negative effective tax rate of 16%, compared to a positive effective tax rate of 18% for the first quarter last year. The income tax rate was impacted by restructuring, integration and acquisition costs, and excluding these costs the income tax rate used to determine adjusted net income and adjusted EPS was 21% this quarter and 19% in the first quarter of last year. On this basis, the increase in the tax rate was mainly attributable to a beneficial impact on certain tax assets last year, partially offset by the change in the mix of income from various jurisdictions.
Growth and maintenance capital expenditures(12) totaled $73.9 million this quarter.
Net debt(13) at the end of the quarter was $3,025.9 million for a net debt-to-adjusted EBITDA(14) of 4.15x. This compares to net debt of $2,700.1 million and a net debt-to-adjusted EBITDA of 3.58x at the end of the preceding quarter. CAE's total available liquidity as at June 30, 2022 was approximately $1.4 billion.
Adjusted return on capital employed (ROCE)(15) was 5.2% this quarter compared to 6.2% last quarter and 6.7% in the first quarter last year. Adjusted ROCE excluding COVID-19 government support programs was 5.2% this quarter compared to 6.1% last quarter and 5.3% in the first quarter last year.
Since 2020, CAE has been carrying out a growth strategy which it believes will enable it to emerge from the pandemic a bigger, stronger, and more profitable company than ever before. Specifically, as a waypoint along its journey to cyclical recovery and beyond, the Company is targeting a consolidated adjusted segment operating margin of approximately 17% by the time its markets are generally recovered, with steady room for further improvement thereafter. It expects to reach this level of profitability on a significantly larger base of business with a post-pandemic capital structure that will allow the Company to sustain ample flexibility to further invest in its future. The Company is targeting a three-year (FY23-FY25) EPS compound growth rate in the mid-20% range.
Current headwinds include the ongoing global pandemic, geopolitical tensions and the war in Ukraine, decades- high inflation, slower global economic growth, and acute supply chain and labor shortages – any of which may influence the exact timing and rate of market recovery. Notwithstanding the additional volatility induced by these factors, and more acute short-term headwinds for Defense, management maintains a highly positive view of its growth potential over a multi-year period.
Expected secular trends are highly favorable for all three of the Company's core business segments. Greater desire by airlines to entrust CAE with their critical training and digital operational support and crew management needs, higher expected pilot demand and strong growth in business jet travel demand are enduring positives for the Civil business. Tailwinds that favour the Defense business include the shift in national defence priorities to an increased focus on near-peer threats and the recognition of the sharply increased need for digital immersion-based synthetic solutions. Healthcare is poised to leverage opportunities presented by an acute nursing shortage and rising demand for Public Safety and Security.
The Company believes there is considerable pent-up demand for air travel, and the rate of Civil's recovery to pre-pandemic levels and beyond is expected to continue to be driven in large part by the easing of travel restrictions. Civil's strong training performance in the Americas and FFS order activity, provide a compelling blueprint for the potential of a broader global recovery. In fiscal year 2023, in addition to continuing to grow its share of the aviation training market and expanding its position in digital flight services, Civil expects to maintain its leading share of FFS sales and to deliver upwards of 40 FFSs to customers worldwide, with a higher proportion of units expected to be delivered in second half of the fiscal year.
CAE's Defense segment is also on a multi-year path to becoming an even bigger and more profitable business. Defense is closely aligned with its customers' utmost priorities focused on defending freedom in the face of near-peer threats. In the last two years, Defense has established itself as the world's leading platform agnostic, global training and simulation pure play defence business. This is expected to bring increased potential to capture business around the world, accelerated by the acquisition of L3H MT and the expanded capability and customer set the combined entity possesses. This is evidenced by the trailing 12-month book-to-sales ratio of 1.31x. Current geopolitical events have galvanized national defence priorities in the U.S. and across NATO, and management expects increased spending and specific prioritization on defence readiness to translate into additional opportunities for CAE in the years ahead. Defense is expected to continue making good progress with the integration of L3H MT acquisition in fiscal 2023 and to fully realize $35 to $45 million of cost synergies by fiscal year 2024.
In the near term, Defense is expected to continue working its way through the lagging effects of a protracted period of lower than one annual book-to-sales ratios. Defense also anticipates some continuation of the first-quarter supply chain and labor challenges in subsequent quarters and for those impacts to be largely mitigated by year end, with sequential progress each quarter. Staffing shortages negatively impact Defense's execution and profitability on firm-fixed-price programs and its ability to generate revenue on cost-plus contracts. Supply chain pressures pose additional challenges that result from higher costs, execution delays and associated inefficiencies. As the year progresses, Defense expects to be able to partially offset these impacts through internal cost reduction and efficiency initiatives currently underway. The Russian invasion of Ukraine has galvanized NATO and allied nation's resolve vis-a-vis increased defence spending; however, the immediate priority on operational needs is contributing to training program award delays in the short-term. CAE continues to expect superior Defense growth over a multi-year period to be driven by the progressive realization of synergies related to the L3H MT integration and the translation of order intake and bid activity into revenue.
In Healthcare, the long-term potential is for it to become a more material and profitable business within CAE as it gains share in the healthcare simulation and training market and continues to build on its double-digit revenue growth momentum.
For the current fiscal year 2023, CAE now expects to deliver mid-20% consolidated adjusted segment operating income growth (mid-30% previously), weighted more heavily to the second half of the year.
Total capital expenditures are expected to be approximately $250 million in fiscal year 2023, primarily in support of sustainable and accretive growth opportunities. The Company usually sees a higher investment in non-cash working capital accounts in the first half of the fiscal year, and as in previous years, management expects a portion of the non-cash working capital investment to reverse in the second half. The Company continues to target a 100% conversion of adjusted net income to free cash flow for the year. Concurrent with its continued pursuit of attractive growth opportunities, CAE expects net debt-to-adjusted EBITDA to decrease to a ratio of below three times (3x) within the next 15 months. CAE expects its effective income tax rate to increase to approximately 22% going forward, reflecting some of the recent changes to global tax regimes.
Management's outlook for fiscal year 2023 and the above targets and expectations constitute forward-looking statements within the meaning of applicable securities laws, and are based on a number of assumptions, including in relation to prevailing market conditions, macroeconomic and geopolitical factors, supply chains and labor markets, and the timing and degree of easing of global COVID-19-related mobility restrictions. Air travel is a major driver for CAE's business and management relies on analysis from the International Air Transport Association (IATA) to inform its assumptions about the rate and profile of recovery in its key civil aviation market. Additionally, as the basis of its fiscal year 2023 outlook, management assumes no further disruptions to the global economy, air traffic, CAE's operations, and its ability to deliver products and services. Expectations are also subject to a number of risks and uncertainties and based on assumptions about customer receptivity to CAE's training solutions and operational support solutions as well as material assumptions contained in this press release, quarterly MD&A and in CAE's fiscal year 2022 MD&A. Please see the sections below entitled: "Caution concerning forward-looking statements", "Material assumptions" and "Material risks".
During the quarter, CAE issued its FY22 Annual Activity and Corporate Social Responsibility (CSR) report, which is a single source of information in key areas demonstrating how its solutions and activities created impact across the three central dimensions of sustainability: environmental, social and governance (ESG). It also demonstrates how CAE's ESG strategy is grounded in its core purpose: safety. The report highlighted CAE's enhanced Sustainability governance and updated ESG materiality matrix that gives CAE greater confidence that it is investing in the CSR initiatives that matter most. CAE continues its reporting according to the Global Reporting Initiative (GRI), the Task force on Climate-related Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board (SASB).
Underscoring its commitment to ESG leadership, CAE created a new executive committee-level position of Chief Sustainability Officer and Senior Vice President, Stakeholder Engagement, and bolstered its diversity, equity and inclusion (DE&I) program with another new leadership role, Chief DE&I Officer.
In July 2022, at the Farnborough Air Show, CAE made significant announcements that support its efforts to reduce its carbon footprint and elevate its commitment as the first carbon neutral Canadian Aerospace company and contribute to the sustainability of its industry. CAE will be advancing green aviation technology with the development of an electric conversion kit for Piper Archer aircraft. It expects to convert two-thirds of its Piper Aircraft training fleet at its flight schools around the world, while it develops the training for future pilots to operate electric aircraft. In addition, CAE has partnered with multiple Advanced Air Mobility key players by taking a leadership role in the development of this all-electric air transport industry and was more recently selected by Vertical Aerospace to be their pilot training partner for their launch eVTOL aircraft.
To learn more about CAE's corporate sustainability roadmap and achievements, the report can be downloaded at https://www.cae.com/social-responsibility/.
Readers are strongly advised to view a more detailed discussion of our results by segment in the Management's Discussion and Analysis (MD&A) and CAE's consolidated financial statements which are posted on our website at www.cae.com/investors.
CAE's consolidated interim financial statements and MD&A for the quarter ended June 30, 2022 have been filed with the Canadian Securities Administrators on SEDAR (www.sedar.com) and are available on our website (www.cae.com). They have also been filed with the U.S. Securities and Exchange Commission and are available on their website (www.sec.gov). Holders of CAE's securities may also request a printed copy of the Company's consolidated financial statements and MD&A free of charge by contacting Investor Relations (investor.relations@cae.com).
Marc Parent, CAE President and CEO; Sonya Branco, Executive Vice President, Finance, and CFO; and Andrew Arnovitz, Senior Vice President, Investor Relations and Enterprise Risk Management, will conduct an earnings conference call today at 1:30 p.m. ET. The call is intended for analysts, institutional investors and the media. Participants can listen to the conference by dialing + 1 877 586 3392 or +1 416 981 9024. The conference call will also be audio webcast live for the public at www.cae.com.
At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying simulation training and critical operations support solutions. Above all else, we empower pilots, airlines, defence and security forces, and healthcare practitioners to perform at their best every day and when the stakes are the highest. Around the globe, we're everywhere customers need us to be with more than 13,000 employees in more than 200 sites and training locations in over 40 countries. CAE represents 75 years of industry firsts—the highest-fidelity flight and mission simulators, surgical manikins, and personalized training programs powered by artificial intelligence. We're investing our time and resources into building the next generation of cutting-edge, digitally immersive training and critical operations solutions while keeping positive environmental, social and governance (ESG) impact at the core of our mission. Today and tomorrow, we'll make sure our customers are ready for the moments that matter.
This summary earnings press release contains limited information meant to assist the reader in assessing CAE's performance, but it is not a suitable source of information for readers who are unfamiliar with CAE and is not in any way a substitute for the Company's financial statements, notes to the financial statements, and MD&A reports.
This press release includes forward-looking statements about our activities, events and developments that we expect to or anticipate may occur in the future including, for example, statements about our vision, strategies, market trends and outlook, future revenues, capital spending, expansions and new initiatives, financial obligations, available liquidities, expected sales, general economic outlook, prospects and trends of an industry, expected annual recurring cost savings from operational excellence programs, estimated addressable markets, statements relating to our acquisitions of L3Harris Technologies' Military Training business (L3H MT) and Sabre's AirCentre airline operations portfolio (AirCentre), CAE's access to capital resources, the expected accretion in various financial metrics, expectations regarding anticipated cost savings and synergies, the strength, complementarity and compatibility of the L3H MT and AirCentre acquisitions with our existing business and teams, other anticipated benefits of the L3H MT and AirCentre acquisitions and their impact on our future growth, results of operations, performance, business, prospects and opportunities, our business outlook, objectives, development, plans, growth strategies and other strategic priorities, and our leadership position in our markets and other statements that are not historical facts.
Forward-looking statements normally contain words like believe, expect, anticipate, plan, intend, continue, estimate, may, will, should, strategy, future and similar expressions. All such forward-looking statements are made pursuant to the 'safe harbour' provisions of applicable Canadian securities laws and of the United States Private Securities Litigation Reform Act of 1995.
By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties associated with our business which may cause actual results in future periods to differ materially from results indicated in forward-looking statements. While these statements are based on management's expectations and assumptions regarding historical trends, current conditions and expected future developments, as well as other factors that we believe are reasonable and appropriate in the circumstances, readers are cautioned not to place undue reliance on these forward-looking statements as there is a risk that they may not be accurate. The forward-looking statements contained in this press release describe our expectations as of August 10, 2022 and, accordingly, are subject to change after such date. Except as required by law, we disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. The forward-looking information and statements contained in this press release are expressly qualified by this cautionary statement. In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based on information available to us as of the date of this report. While we believe that information provides a reasonable basis for these statements, that information may be limited or incomplete. Our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely on these statements. Except as otherwise indicated by CAE, forward-looking statements do not reflect the potential impact of any special items or of any dispositions, monetizations, mergers, acquisitions, other business combinations or other transactions that may occur after August 10, 2022. The financial impact of these transactions and special items can be complex and depends on the facts particular to each of them. We therefore cannot describe the expected impact in a meaningful way or in the same way we present known risks affecting our business. Forward-looking statements are presented in this press release for the purpose of assisting investors and others in understanding certain key elements of our expected fiscal 2023 financial results and in obtaining a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes.
The forward-looking statements set out in this press release are based on certain assumptions including, without limitation: the anticipated negative impacts of the COVID-19 pandemic on our businesses, operating results, cash flows and/or financial condition, including the intended effect of mitigation measures implemented as a result of the COVID-19 pandemic and the timing and degree of easing of global COVID-19-related mobility restrictions, the prevailing market conditions, customer receptivity to CAE's training and operational support solutions, the accuracy of our estimates of addressable markets and market opportunity, the realization of anticipated annual recurring cost savings and other intended benefits from recent restructuring initiatives and operational excellence programs, the ability to respond to anticipated inflationary pressures and our ability to pass along rising costs through increased prices, the actual impact to supply, production levels, and costs from global supply chain logistics challenges, the stability of foreign exchange rates, the ability to hedge exposures to fluctuations in interest rates and foreign exchange rates, the availability of borrowings to be drawn down under, and the utilization, of one or more of our senior credit agreements, our available liquidity from cash and cash equivalents, undrawn amounts on our revolving credit facilities, the balance available under our receivable purchase facility, our cash flows from operations and continued access to debt funding will be sufficient to meet financial requirements in the foreseeable future, access to expected capital resources within anticipated timeframes, no material financial, operational or competitive consequences from changes in regulations affecting our business, our ability to retain and attract new business, our ability to achieve synergies and maintain market position arising from successful integration plans relating to the L3H MT and AirCentre acquisitions, our ability to otherwise complete the integration of the L3H MT and AirCentre businesses acquired within anticipated time periods and at expected cost levels, our ability to attract and retain key employees in connection with the L3H MT and AirCentre acquisitions, management's estimates and expectations in relation to future economic and business conditions and other factors in relation to the L3H MT and AirCentre acquisitions and resulting impact on growth and accretion in various financial metrics, the realization of the expected strategic, financial and other benefits of the L3H MT and AirCentre acquisitions in the timeframe anticipated, economic and political environments and industry conditions, the accuracy and completeness of public and other disclosure, including financial disclosure, by L3Harris Technologies and AirCentre, absence of significant undisclosed costs or liabilities associated with the L3H MT and AirCentre acquisitions. For additional information, including with respect to other assumptions underlying the forward-looking statements made in the press release, refer to the applicable reportable segment in CAE's MD&A for the year ended March 31, 2022. Given the impact of the changing circumstances surrounding the COVID-19 pandemic and the related response from CAE, governments, regulatory authorities, businesses and customers, there is inherently more uncertainty associated with CAE's assumptions. Air travel is a major driver for CAE's business and management relies on analysis from the International Air Transport Association (IATA) to inform its assumptions about the rate and profile of recovery in its key civil aviation market. Accordingly, the assumptions outlined in this report and, consequently, the forward‑looking statements based on such assumptions, may turn out to be inaccurate.
Important risk factors that could cause actual results or events to differ materially from those expressed in or implied by our forward-looking statements are set out in CAE's MD&A for the year ended March 31, 2022 filed by CAE with the Canadian Securities Administrators (available at www.sedar.com) and with the U.S. Securities and Exchange Commission (available at www.sec.gov). The fiscal year 2022 MD&A is also available at www.cae.com. Any one or more of the factors set out in CAE's MD&A may be exacerbated by the growing COVID-19 outbreak and may have a significantly more severe impact on CAE's business, results of operations and financial condition than in the absence of such outbreak. Accordingly, readers are cautioned that any of the disclosed risks could have a material adverse effect on our forward-looking statements. We caution that the disclosed list of risk factors is not exhaustive and other factors could also adversely affect our results.
This press release includes non-GAAP and other financial measures. Non-GAAP measures are useful supplemental information but do not have a standardized meaning according to GAAP. These measures should not be confused with, or used as an alternative for, performance measures calculated according to GAAP. Furthermore, these non-GAAP measures should not be compared with similarly titled measures provided or used by other companies. Management believes that providing certain non-GAAP measures provides users with a better understanding of our results and trends and provides additional information on our financial and operating performance.
(1) Adjusted earnings or loss per share is a non-GAAP financial measure calculated by excluding restructuring, integration and acquisition costs, and impairments and other gains and losses arising from significant strategic transactions or specific events, after tax, as well as significant one-time tax items from the diluted earnings per share from continuing operations attributable to equity holders of the Company. The effect per share is obtained by dividing these restructuring, integration and acquisition costs and, impairments and other gains and losses, after tax, as well as one-time tax items by the weighted average number of diluted shares. We track it because we believe it provides a better indication of our operating performance on a per share basis and facilitates the comparison across reporting periods.
(2) Adjusted earnings or loss per share excluding COVID-19 government support programs further excludes the impacts of government contributions related to COVID-19 support programs that were credited to income, after tax, but does not adjust for COVID-19 heightened operating costs that we have been carrying and that have been included in our results.
(3) Adjusted segment operating income or loss is a total of segments measure and is the sum of our key indicators of each segment's financial performance. Adjusted segment operating income or loss gives us an indication of the profitability of each segment because it does not include the impact of any items not specifically related to the segment's performance. We calculate adjusted segment operating income by taking operating income and excluding restructuring, integration and acquisition costs, and impairments and other gains and losses arising from significant strategic transactions or specific events. We track it because we believe it provides a better indication of our operating performance and facilitates the comparison across reporting periods. Additionally, adjusted segment operating income or loss is the profitability measure employed by management for making decisions about allocating resources to segments and assessing segment performance.
(4) Adjusted segment operating income or loss excluding COVID-19 government support programs further excludes the impacts of government contributions related to COVID-19 support programs that were credited to income but does not adjust for COVID-19 heightened operating costs that we have been carrying and that have been included in our results. While management is aware of such further adjusted measure, it is not specifically employed by management as a profitability measure for making decisions about allocating resources to segments and assessing segment performance.
(5) Order Intake and Backlog
Order intake is a supplementary financial measure that represents the expected value of orders we have received:
- For the Civil Aviation segment, we consider an item part of our order intake when we have a legally binding commercial agreement with a client that includes enough detail about each party's obligations to form the basis for a contract. Additionally, expected future revenues from customers under short-term and long-term training contracts are included when these customers commit to pay us training fees, or when we reasonably expect the revenue to be generated;
- For the Defense and Security segment, we consider an item part of our order intake when we have a legally binding commercial agreement with a client that includes enough detail about each party's obligations to form the basis for a contract. Defense and Security contracts are usually executed over a long-term period but some of them must be renewed each year. For this segment, we only include a contract item in order intake when the customer has authorized the contract item and has received funding for it;
- For the Healthcare segment, order intake is typically converted into revenue within one year, therefore we assume that order intake is equal to revenue.
The book-to-sales ratio is the total orders divided by total revenue in a given period.
Total backlog is a non-GAAP financial measure that represents expected future revenues and includes obligated backlog, joint venture backlog and unfunded backlog and options:
- Obligated backlog represents the value of our order intake not yet executed and is calculated by adding the order intake of the current period to the balance of the obligated backlog at the end of the previous fiscal year, subtracting the revenue recognized in the current period and adding or subtracting backlog adjustments. If the amount of an order already recognized in a previous fiscal year is modified, the backlog is revised through adjustments;
- Joint venture backlog is obligated backlog that represents the expected value of our share of orders that our joint ventures have received but have not yet executed. Joint venture backlog is determined on the same basis as obligated backlog described above;
- Unfunded backlog represents firm Defense and Security orders we have received but have not yet executed and for which funding authorization has not yet been obtained. Options are included in backlog when there is a high probability of being exercised, but indefinite-delivery/indefinite-quantity (ID/IQ) contracts are excluded. When an option is exercised, it is considered order intake in that period and it is removed from unfunded backlog and options.
(6) Adjusted net income or loss is a non-GAAP financial measure we use as an alternate view of our operating results. We calculate it by taking our net income attributable to equity holders of the Company from continuing operations and excluding restructuring, integration and acquisition costs, and impairments and other gains and losses arising from significant strategic transactions or specific events, after tax, as well as significant one-time tax items. We track it because we believe it provides a better indication of our operating performance and facilitates the comparison across reporting periods.
(7) Adjusted net income or loss excluding COVID-19 government support programs further excludes the impacts of government contributions related to COVID-19 support programs that were credited to income, after tax, but does not adjust for COVID-19 heightened operating costs that we have been carrying and that have been included in our results.
(8) A full-flight simulator (FFS) is a full-size replica of a specific make, model and series of an aircraft cockpit, including a motion system. In our count of FFSs in the network, we generally only include FFSs that are of the highest fidelity and do not include any fixed based training devices, or other lower-level devices, as these are typically used in addition to FFSs in the same approved training programs.
(9) Utilization rate is one of the supplementary financial measures we use to assess the performance of our Civil simulator training network. While utilization rate does not perfectly correlate to revenue recognized, we track it, together with other measures, because we believe it is an indicator of our operating performance. We calculate it by taking the number of training hours sold on our simulators during the period divided by the practical training capacity available for the same period.
(10) SEU is a supplementary financial measure we use to show the total average number of FFSs available to generate earnings during the period.
(11) Free cash flow is a non-GAAP financial measure that shows us how much cash we have available to invest in growth opportunities, repay debt and meet ongoing financial obligations. We use it as an indicator of our financial strength and liquidity. We calculate it by taking the net cash generated by our continuing operating activities, subtracting maintenance capital expenditures, changes in ERP and other assets not related to growth and dividends paid and adding proceeds from the disposal of property, plant and equipment, dividends received from equity accounted investees and proceeds, net of payments, from equity accounted investees.
(12) Maintenance capital expenditure is a supplementary financial measure we use to calculate the investment needed to sustain the current level of economic activity. Growth capital expenditure is a supplementary financial measure we use to calculate the investment needed to increase the current level of economic activity.
(13) Net debt is a capital management measure we use to monitor how much debt we have after taking into account cash and cash equivalents. We use it as an indicator of our overall financial position, and calculate it by taking our total long-term debt, including the current portion of long-term debt, and subtracting cash and cash equivalents.
(14) Net debt-to-EBITDA and net debt-to-adjusted EBITDA are non-GAAP ratios calculated as net debt divided by the last twelve months EBITDA. EBITDA comprises earnings before income taxes, finance expense – net, depreciation and amortization. Adjusted EBITDA further excludes restructuring, integration and acquisition costs, and impairments and other gains and losses arising from significant strategic transactions or specific events.
(15) Return on capital employed (ROCE) is a non-GAAP ratio used to evaluate the profitability of our invested capital. We calculate this ratio over a rolling four-quarter period by taking net income attributable to equity holders of the Company excluding net finance expense, after tax, divided by the average capital employed.
Reconciliation of adjusted segment operating income
Reconciliation of adjusted net income and adjusted earnings per share
Reconciliation of free cash flow
Reconciliation of capital employed and net debt
For non-GAAP and other financial measures monitored by CAE, and a reconciliation of such measures to the most directly comparable measure under GAAP, please refer to Section 5 of CAE's MD&A for the quarter ended June 30, 2022 filed with the Canadian Securities Administrators available on our website (www.cae.com) and on SEDAR (www.sedar.com).
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SOURCE CAE INC. | https://www.wibw.com/prnewswire/2022/08/10/cae-reports-first-quarter-fiscal-2023-results/ | 2022-08-10T13:16:43Z |
WASHINGTON (AP) — The House panel investigating the Jan. 6, 2021 insurrection systemically made the case in its second hearing Monday that several of Trump’s advisers warned him against making false claims of widespread voter fraud in the 2020 election that he lost. But the president would not listen.
The nine-member panel is trying to make the case that Trump, and those allies who helped him, were deliberately lying as he pushed those election falsehoods in the weeks ahead of the violent insurrection. The rioters who broke into the Capitol that day and interrupted the certification of President Joe Biden’s victory were echoing Trump’s lies that he, not Biden, had rightfully won the election.
Takeaways from Monday’s hearing:
TRUMP’S ‘MIND WAS MADE UP’
In a series of video clips from the committee’s closed-door interviews, several of Trump’s advisers testified that they told him repeatedly he should not declare that there was widespread election fraud — and that those claims were false. But Trump increasingly relied on wild theories that were pushed by Trump lawyers Rudy Giuliani and Sidney Powell, among others, according to the testimony.
In one clip, Trump campaign manager Bill Stepien told investigators that Giuliani was urging Trump to declare victory on election night, despite warnings from Stepien and others that it was “way too early” to make a prediction like that. Stepien was scheduled to testify in person on Monday, but pulled out at the last minute because his wife was in labor, according to his attorney. The panel showed clips of his closed-door interview instead.
Despite the aides’ efforts, Trump went to the podium in the White House press room on election night and said that the early results were “a fraud on the American public” and that “frankly, we did win this election.”
The panel showed video from Trump’s daughter Ivanka Trump, her husband, Jared Kushner, and campaign aide Jason Miller. Ivanka Trump told the panel that “it was clear” the election wouldn’t be called on election night, and Kushner said he had told Trump at one point that Giuliani’s advice was “not the approach I would take.” Trump responded that he had confidence in Giuliani, Kushner said.
Miller said that Trump told a room of advisers that anyone who didn’t agree with Giuliani was being “weak.”
The committee has not released any of the full interviews with the Trump advisers or other witnesses.
BLUNT TALK FROM BARR
Former Attorney General William Barr told the committee in a closed-door interview that the president was increasingly becoming “detached from reality” after the election.
The committee aired video from interviews with Barr in which he detailed his conversations with Trump before and after his Dec. 1 declaration to The Associated Press that there was no evidence of widespread fraud in the election. Barr gave Trump detailed explanations for why some of his theories were false.
“I told him that it was it was crazy stuff and they were wasting their time, and it was doing a grave, grave disservice to the country,” Barr told the panel.
Barr said that White House chief of staff Mark Meadows assured him that Trump was “becoming more realistic” and that Kushner had told him: “We’re working on it.”
DEBUNKING FRAUD IN THE STATES
The committee heard in-person testimony from former U.S. attorney BJay Pak, who resigned as Trump pressured Georgia officials to overturn Biden’s win in the state, and Philadelphia City Commissioner Al Schmidt, the only Republican on the city’s election board.
Pak testified that Giuliani misrepresented uncounted ballots in Fulton County, Georgia, in the weeks following the 2020 election. “The allegations made by Mr. Giuliani were false,” Pak told the panel.
Schmidt said city officials investigated Trump’s “fantastical” claims to the fullest extent, but the results did not yield into any substantial voter fraud.
A MONTHSLONG CAMPAIGN
Trump’s claims of fraud started well before election day. The committee showed clips where Trump previewed his strategy in speeches throughout his 2020 campaign. In August of that year, he told an audience that fraud was the only way he would lose.
Stepien told the committee that he and House GOP Leader Kevin McCarthy had met with Trump in the summer of 2020 and made a two-pronged case for why he should stop criticizing mail-in voting, which was widely used because of the pandemic. He and McCarthy told Trump that he was leaving “a lot to chance” and that there were GOP party workers on the ground who could help get mail-in votes for Trump.
McCarthy, who has declined to cooperate with the Jan. 6 panel despite a subpoena, was “echoing the same argument,” Stepien said.
“But the president’s mind was made up,” Stepien said.
THE ‘RED MIRAGE’
Chris Stirewalt, a former political editor for Fox News Channel, made the election night call that President Joe Biden had won Arizona — a moment that prompted “anger and disappointment” in Trump’s inner sanctum at the White House, Miller said.
Testifying in person at the hearing, Stirewalt explained that the network, along with others, had expected that there would be a so-called “red mirage” at the beginning of the evening as in-person Republican votes came in, and many of the mail-in votes that would be counted later on would lean Democratic. He noted it happens every election.
Trump had not only exploited that pattern to make false claims of fraud, but contributed to it in his campaign to call mail-in voting into question.
“We had gone to pains, and I’m proud of the pains, we went to, to make sure that we were informing viewers that this was going to happen because the Trump campaign and the president had made it clear that they were going to try to exploit this anomaly,” Stirewalt said.
‘THE BIG RIPOFF’
Members of the committee and an investigative counsel detailed how Trump and his allies raised hundreds of millions off of Trump’s false claims after the election. An “election defense fund” to contest the outcome actually ended up retiring debt, replenishing the RNC and starting the massive campaign war chest that Trump now has.
Much of that money went to the newly-created Save America PAC, not election-related litigation, an investigative counsel said in a video produced by the committee and aired at the hearing. The panel detailed how some of the dollars went to entities that directly benefitted Trump’s family and friends.
Trump campaign aide Gary Coby told the panel in a clip of a video interview that emails to small-dollar donors asking them to donate to the “official election defense fund” was a “marketing tactic.” The panel did not air his full interview.
“Not only was there the Big Lie, there was the Big Ripoff,” said Rep. Zoe Lofgren, D-Calif.
THE END RESULT
To close the hearing, the committee aired video of Trump’s supporters in Washington airing the false claims of fraud on Jan. 6.
They all appeared certain that the election was stolen. Two of them repeated Powell’s false assertions about voting machines that changed the results, claims that Barr had debunked weeks earlier.
“I don’t want to say what we’re doing is right, but if the election is being stolen, what is it going to take?” asked one rioter.
___
Associated Press writer Brian Slodysko contributed to this report.
___
For full coverage of the Jan. 6 hearings, go to https://www.apnews.com/capitol-siege. | https://cw33.com/news/politics/ap-politics/takeaways-trumps-mind-made-up-the-giuliani-factor/ | 2022-06-14T07:00:07Z |
Supreme Court limits discrimination claims for emotional distress
WASHINGTON (AP) — The Supreme Court on Thursday upheld the dismissal of a discrimination lawsuit filed by a deaf, legally blind woman against a physical therapy business that wouldn’t provide an American Sign Language interpreter for her appointments.
In a 6-3 ruling with conservatives in the majority, Chief Justice John Roberts wrote that businesses that receive federal health care money can’t be sued for discrimination under the Affordable Care Act when the harm alleged is emotional, not financial.
Justice Stephen Breyer wrote in dissent that people who suffer discrimination often feel humiliation or embarrassment. “It is difficult to square the Court’s holding with the basic purposes that antidiscrimination laws seek to serve. One such purpose, as I have said, is to vindicate ‘human dignity and not mere economics,’” Breyer wrote, citing an opinion from his onetime boss, Justice Arthur Goldberg, in a key Civil Rights-era case.
Breyer noted in his opinion that some anti-bias laws, including against workplace discrimination, allow for damages for emotional distress.
The current case began when the woman, Jane Cummings, asked for an ASL interpreter for physical therapy appointments to treat chronic back pain with Premier Rehab Keller, in the Dallas-Fort Worth area.
Cummings communicates primarily in ASL. But Premier Rehab said Cummings could “communicate with the therapist using written notes, lip reading, or gesturing,” Roberts wrote.
She went elsewhere, but then sued the business, asking for a court order against Premier Rehab and damages for emotional distress. Lower courts dismissed the lawsuit.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/04/28/supreme-court-limits-discrimination-claims-emotional-distress/ | 2022-04-30T03:22:42Z |
"Not relying on target prioritization, the DAiR system aligns the radar capability with the imperatives of multi-domain warfare" said Oren Sabag, General Manager Elbit Systems ISTAR & EW
HAIFA, ISRAEL , June 13, 2022 /PRNewswire/ -- Elbit Systems launches DAiR, an innovative simultaneous multi-mission tactical radar. The system makes target prioritization redundant enabling a step change in the effectiveness and efficiency of tactical terrain dominance, protection against Unmanned Aerial Systems (UAS) and border security. The new radar will be presented during the Eurosatory 2022 as part of Elbit Systems' display (Hall 6, D567).
The DAiR is an X-band software defined radar system that incorporates hundreds of digital receivers, sophisticated algorithms and computing cores with Artificial Intelligence capabilities. The system is capable of simultaneous detection and tracking of thousands objects of various sizes and velocities, with no need for target prioritization. These unique radar capabilities enable a tactical force to use a single radar system for handling of a very large number of targets of various types and ranges including: humans, small quadcopters, helicopters and UAS, vessels and artillery. Small drones are detected from up to 12km and humans from up to 15km. The DAiR radar systems is compatible with the All-purpose Structured EUROCONTROL Surveillance Information Exchange protocols (ASTERIX) enabling seamless sharing of information with C4I systems.
Oren Sabag, General Manager of Elbit Systems ISTAR & EW, said: "As warfare becomes increasingly multi-domain, the target prioritizing capability, that is central to legacy radars, becomes a liability. Forces are compelled to apply multiple radars just to keep up with the evolving threat - holding a common operational picture becomes harder and costs increase. The DAiR radar system addresses these challenges, does not rely on target prioritization, thereby aligning the radar capability with the imperatives of multi-domain warfare."
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.
For additional information, visit: https://elbitsystems.com, follow us on Twitter or visit our official Facebook, Youtube and LinkedIn Channels.
David Vaaknin, VP, Brand & Corporate Communications
Tel: +972-77-2946691
david.vaaknin@elbitsystems.com
This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward–looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.
Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.
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SOURCE Elbit Systems Ltd | https://www.mysuncoast.com/prnewswire/2022/06/13/elbit-systems-unveils-simultaneous-multi-mission-tactical-radar-system/ | 2022-06-13T09:53:30Z |
OLYMPIA, Wash., April 7, 2022 /PRNewswire/ -- The teams at People, Pets & Vets (PPV) local animal hospitals love serving the pets in their community through compassionate care and top-quality medicine. Unleashed in the Community is an initiative that celebrates the good that our family of hospitals are doing to help even more pets in their local communities.
Their animal-loving team members are making an impact in their neighborhoods by partnering with local organizations, hosting pet supply drives, and volunteering at local animal shelters. They know that even the smallest efforts can make the biggest impact, and we are here to support, encourage and celebrate their dedication.
PPV is truly inspired by our hospitals' philanthropy and is proud to introduce Bravado's Campaign, a fund that supports organizations on a larger scale in the veterinary industry. PPV founder, Dr. Michael Murphy, had a childhood golden retriever named Bravado. He shaped his life and led to him choosing a career in veterinary medicine. While veterinary school can dive deep into the medicine, Bravado was the constant reminder of his "why" behind this profession - to strengthen and nurture the human-animal bond.
Dr. Murphy, shared "We are so honored and feel so fortunate that People, Pets & Vets recently donated $50,000 to the American Veterinary Medical Fund to help their cause of rescuing the stranded pets in Ukraine. Due to the political unrest and citizens fleeing the country, millions of animals have been forced to fend for themselves, no longer receiving the care they need."
With over 130 hospitals in the family, PPV is excited that their family has expanded and even more thrilled to celebrate their local altruistic endeavors! To read the awesome stories about PPV and their impact on their communities, please visit peoplepetsandvets.com/unleashed. Check back often because these heartwarming stories keep coming in.
People, Pets and Vets, born in 1992, is a veterinarian-led group with animal hospitals located throughout the western and southern United States. Each hospital provides a range of general and surgical services while making a positive impact in their communities. PPV offers a compelling opportunity to veterinarians looking to sell their practice and career opportunities to veterinarians and support staff. By creating a network of passionate professionals who work smarter, PPV has a strong track record of treating people well, always doing what they say, and creating a relationship built on trust.
Contact: social@peoplepetsandvets.com
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SOURCE People, Pets & Vets | https://www.kxii.com/prnewswire/2022/04/07/people-pets-amp-vets-unleashed-community/ | 2022-04-07T19:56:37Z |
- Car shopping gained share among both luxury and non-luxury shoppers in Q2 amid high gas prices, increased average transaction prices and ongoing vehicle supply challenges.
- Consideration for electrified vehicles rebounded, with Tesla and Toyota leading as the most-considered electrified vehicle brands in Q2, while Rivian gained traction surpassing other EV startups.
- Cadillac pulled marginally ahead of Lexus to become the second most-shopped luxury brand behind leader BMW for the second consecutive quarter.
ATLANTA, Aug. 25, 2022 /PRNewswire/ -- Vehicle shopper interest in cars and electrified vehicles increased amid high gas prices and record-breaking transaction prices, while BMW and Toyota maintained their spots as America's most-shopped vehicle brands in their respective segments, according to the Q2 2022 Kelley Blue Book Brand Watch™ reports.
Kelley Blue Book Brand Watch is a consumer perception survey of new-car considerers intending to purchase within 12 months that also weaves in shopping behavior to determine how vehicle brands and models stack up with segment competitors. Kelley Blue Book produces separate Brand Watch reports for non-luxury and luxury brands each quarter. A special look at electrified vehicle shopping also is included. The latest Brand Watch report included surveying both mobile and desktop users to provide an even broader view of vehicle shopping (prior to Q1 2022, the survey included results only from desktop users).
"The record-high gas prices Americans experienced in the second quarter of this year undoubtedly affected their vehicle purchase considerations," said Vanessa Ton, senior research and market intelligence manager at Cox Automotive. "When you couple that with ongoing new-vehicle supply shortages and resulting sky-high transaction prices, it's no wonder people are viewing their car shopping more through the lens of affordability and giving increased consideration to the fuel efficiency benefits of traditional cars and electrified vehicles."
With the highest average gas price on record occurring in mid-June and new-vehicle affordability worsening, many shoppers in Q2 looked for more efficient, more affordable sedans. Of non-luxury shoppers, a notable 40% considered cars in the second quarter, up from 37% in Q1 2022 when gas prices started to take off, and up significantly from 33% one year ago in Q2 2021. Even on the luxury side, fuel efficiency increased in importance, climbing quarter-over-quarter to No. 6 in the factors most important to shoppers. While non-luxury car shoppers likely were disappointed in the low supply offerings in Q2, luxury shoppers benefited from a more abundant supply of luxury cars than luxury SUVs.
High fuel prices likely helped drive increased interest in electrified vehicles, as well. Consideration for electrified models rebounded after a decline in Q1, returning almost to record levels, due to high gas prices and also more selection of vehicles. Of all shoppers, 27% considered an electrified vehicle – 19% considered a hybrid/plug-in and 12% considered an electric vehicle (EV). The top 10 most-shopped electrified vehicles included six hybrids and four EVs. The segment breakdown included four SUVs, four cars and two trucks. Toyota and Tesla each had three models on the list, while Honda and Ford each had two.
BMW kept its spot as the most-shopped luxury brand in the second quarter of 2022, a position it occupied for three years until the end of 2021 when Lexus briefly overtook the top spot. BMW's strength in Q2 came from increased shopping for its cars.
Cadillac pulled marginally ahead of Lexus for the second most-shopped luxury brand, and the Cadillac Escalade was the most-shopped luxury vehicle for the second consecutive quarter. Cadillac benefited from healthy inventory in Q2 while Lexus continued to suffer a supply drought. In addition, Cadillac likely was aided by increased interest in the brand during Q2, stemming from the launch of its first EV, the Cadillac Lyriq, and doling out intriguing hints about the upcoming flagship Cadillac Celestiq EV.
Fuel efficiency and affordability gained importance among luxury shoppers in Q2. Tesla, Rivian and Lexus, respectively, were perceived as tops in fuel efficiency among luxury shoppers. Buick, Genesis and Lincoln, respectively, were seen as the top luxury brands for affordability.
Notably, EV startup Rivian is surpassing other EV startups like Lucid and Polestar, doubling its shopping consideration from Q1 to Q2 2022. While only 2% of luxury shoppers considered the brand that only started selling vehicles last year, Rivian had the same percentage of shoppers as Alfa Romeo, a longtime established luxury brand. Rivian also has attracted attention on the list of factors important to luxury shoppers, ranking second to Tesla in fuel efficiency and second to Land Rover in ruggedness.
Mercedes-Benz saw a two-percentage-point decline in shopping in Q2, the most significant drop of any luxury brand. However, Mercedes benefited from having more inventory in stock and beat BMW in sales for the second quarter. Despite ranking fifth in shopping for Q2, Tesla was the top-selling luxury brand again in the U.S., and the Tesla Model 3 remained the most-shopped luxury car.
Toyota retained the top spot as the most-shopped non-luxury brand, with 35% of all non-luxury shoppers considering a Toyota in Q2 2022. Toyota held its top position for four years until Ford's brief occupation as No. 1 in the final quarter of 2021. However, Toyota quickly grabbed it back in Q1 2022 and widened the gap in Q2, with Ford coming in second place. Chevrolet is hot on Ford's heels, taking the third spot.
Affordability is now among the top three most important factors for non-luxury car shoppers, and fuel efficiency is not far behind at No. 6. Honda, Mazda, Kia and Hyundai, respectively, were seen as the top non-luxury brands for affordability. Honda, Hyundai and Toyota, respectively, were perceived as tops in fuel efficiency among non-luxury shoppers.
Honda's Accord and Civic, along with the Toyota Camry, remained on the most-shopped list for the second consecutive quarter – this after no traditional cars were among the top 10 most-shopped vehicles in the final quarter of 2021.
Q2 2022 Kelley Blue Book Brand Watch Report: Non-Luxury
Q2 2022 Kelley Blue Book Brand Watch Report: Luxury
Q2 2022 Kelley Blue Book Brand Watch Report: Electrified
Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry. Each week the company provides market-reflective values on its top-rated website KBB.com, including its famous Blue Book® Trade-In Values and Kelley Blue Book® Price Advisor tool, which provides a range for what consumers can reasonably expect to pay for a vehicle in their area. Car owners looking to sell immediately can also get a redeemable, transaction-ready offer with Kelley Blue BookSM Instant Cash Offer. The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, and governmental agencies. Kelley Blue Book is a Cox Automotive brand.
Cox Automotive Inc. makes buying, selling, owning and using vehicles easier for everyone. The global company's more than 27,000 team members and family of brands, including Autotrader®, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, VinSolutions®, vAuto® and Xtime®, are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with annual revenues of nearly $20 billion. www.coxautoinc.com
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SOURCE Kelley Blue Book | https://www.kxii.com/prnewswire/2022/08/25/high-gas-prices-record-breaking-transaction-prices-increased-q2-interest-cars-electrified-vehicles-bmw-toyota-remain-americas-most-shopped-brands-according-latest-kelley-blue-book-reports/ | 2022-08-25T12:59:04Z |
MILWAUKEE (AP) — Milwaukee Bucks forward Giannis Antetokounmpo acknowledges there is pressure in the NBA playoffs and after the winning the first title, “your mind wants to win a second time or a third time.”
A leading MVP candidate again this season, Antetokounmpo likes to compare playing basketball to creating a work of art and he’ll try to produce another postseason masterpiece this weekend.
His last time on the playoff stage, Antetokounmpo scored 50 points in a Game 6 victory over the Phoenix Suns that gave the Bucks their first championship in a half-century.
Antetokounmpo and the third-seeded Bucks face the sixth-seeded Chicago Bulls in an Eastern Conference first-round series starting Sunday in Milwaukee.
“At the end of the day, the mindset doesn’t change,” Antetokounmpo said this week. “Enjoy the game as much as possible because we worked hard for this moment. We can’t take this moment for granted.”
On the surface, it appears that winning a title last year took a weight off the 27-year-old’s shoulders.
Having been there, done that, Antetokounmpo appears more relaxed.
The father of two has begun several postgame news conferences by making “dad jokes,” a practice he continued this week while getting ready for the playoffs.
“What do you call a cow on a rollercoaster?” Antetokounmpo asked reporters who gathered around him. “A milkshake.”
But the postseason is no laughing matter for Antetokounmpo. The Bucks leader insists he feels just as much pressure now as he did before he’d won a title.
“Obviously a lot of people think once you win a championship and you succeed in life, there’s no pressure,” Antetokounmpo said. “I don’t really agree. Obviously I do not try to focus on the pressure as much. I try to focus and enjoy the game. But at the end of the day, your mind always is going to find something to replace that.
“Almost like, ‘OK, you won one time.’ Now your mind wants to win a second time or a third time.”
That attitude reflects Antetokounmpo’s artistic approach to the game
He believes a player enters each contest with a new opportunity to create, as if he’s an artist staring at a blank canvas.
“If you play well and you hold on to the past, it prevents you from playing well again,” Antetokounmpo said. “If you had 40 the previous game, you’re like, ‘OK, I had 40 the previous game. Today I can just be sloppy with the ball.’ That was that art that was created.
“Today I reset. I get a new canvas and try to create new art.”
The approach helped Antetokounmpo follow up the Bucks’ championship with one of his finest NBA seasons.
He enters the playoffs as the Eastern Conference player of the month for March and April. Antetokounmpo averaged a career-high 29.9 points – behind only Philadelphia’s Joel Embiid – along with 11.6 rebounds and 5.8 assists.
He became the first player in NBA history to average at least 25 points, 10 rebounds and 5 assists in four separate seasons. Oscar Robertson did it three times.
“He doesn’t settle,” Bucks guard George Hill said. “One thing I do know about him: Him winning a championship doesn’t define who he is. He’s still in there every day, every morning, every night working his butt off to get better. He still feels like he has a lot to prove.”
Teammate Jrue Holiday argued late in the season that Antetokounmpo merits consideration for the NBA’s most improved player award because of the way the 6-foot-11 forward diversified his game.
Antetokounmpo said he liked the idea of “changing the narrative” about his game by showing he could shoot effectively and wasn’t merely a guy who capitalized on his size and athleticism by scoring on dunks and drives to the basket.
Although he made fewer than 30% of his 3-point attempts this season, Antetokounmpo passed Kareem Abdul-Jabbar for the Bucks’ scoring record by sinking a game-tying 3-pointer in the final minute of regulation in an overtime victory at Brooklyn.He made 72.2% of his free-throw attempts, his highest percentage since the 2019-20 season.
“He’s dominated and perfected one part of his game, and now he’s going to grow and extend that range to the 3-point line,” said Dallas Mavericks coach Jason Kidd, who coached Antetokounmpo in Milwaukee from 2014-18. “That’s what he says he’s going to do, and that means he’s going to do it.”
And that means realizing what he accomplished last year won’t necessarily play any part in whether the Bucks are able to repeat.
“Last year’s last year,” Antetokounmpo said. “Last year we were able to go through ups and downs in the playoffs and end up with the championship. But that doesn’t mean nothing.”
For now, it’s just another blank canvas.
___
More AP NBA: https://apnews.com/hub/nba and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/antetokounmpo-eager-to-win-title-a-second-time-third-time/ | 2022-04-15T07:43:06Z |
MONROE, Ga. (AP) — Opponents trying to derail a $5 billion, 7,500-job electric truck plant in Georgia dominated a state meeting this week that was meant to gather suggestions on how to design the plant to mitigate any impact on the environment.
The state assumed oversight over the Rivian Automotive project after opponents overwhelmed Morgan County planning and zoning officials. The plant was announced by the company and Georgia Gov. Brian Kemp in December, and is the biggest single industrial project in state history. The first meeting of one of the oversight committees was Monday in the city of Monroe.
The Irvine, California-based electric vehicle manufacturer announced last year that it would build the facility on a 2,000-acre (809-hectare) site in Morgan and Walton counties about 45 miles (72 kilometers) east of Atlanta along Interstate 20. It plans to produce up to 400,000 vehicles a year there. Rivian, which also has a plant in Normal, Illinois, said it hopes to break ground as early as this summer and begin production in 2024.
The state panel, led by John Eunice, deputy director for the state Environmental Protection Division, did not get much cooperation from a hostile crowd that gathered at Athens Technical College in Monroe, news outlets reported. Opposition to the plant has been heavy from Rutledge-area residents who say the plant will spoil their rural quality of life.
Residents criticized the meeting as a sham, saying it’s impossible to make meaningful suggestions when there’s not yet a plant design and saying the state is only working to get the plant built.
“I was sitting at home and I saw my governor get on TV and say Rivian, 2,000-acre plant, coming to Rutledge, Georgia and it’s a done deal,” said Pam Jones.
Many speakers Monday voiced concerns about possible well-water contamination, light pollution, and the disruption of wildlife habitats and farmland for heavy industry.
“I don’t understand why you are sitting on that side of the table, which is the Rivian side of the table and why you’re not sitting over here asking Rivian and Gov. Kemp to explain this environmental project and how it’s a disaster,” said Edwin Snell of Oconee County.
A Rivian executive was present via video conference but did not speak during the hearing.
A spokesperson for Rivian said the meeting was a valuable opportunity for the company to gather input and that the company is committed to sharing details of their plans for the site once they are complete and “meet our own high design and environmental standards.”
The plant is a subject of contention in Georgia’s Republican primary for governor, with former U.S. Sen. David Perdue attacking Kemp for agreeing to the Rivian location without support from neighbors.
Eunice said he does not know when Rivian will file for environmental permits needed to build the facility. He said the division will take public comment on the permits. Monday’s meeting was the first of four planned for the site design and environmental committee. The state plans four meetings each with three other committees tasked with examining quality of life, workforce and local business engagement issues. | https://cw33.com/business/ap-business/rivian-electric-car-plant-blasted-by-foes-at-georgia-meeting/ | 2022-04-21T04:13:21Z |
Firefighter saves man’s life while playing in basketball game
TOLEDO, Ohio (WTVG/Gray News) – An off-duty firefighter jumped into action during the middle of a basketball game when one of the referees collapsed on the court.
“I assessed the situation, trying to see what I could do to fix the problem,” Myles Copeland told WTVG. “He didn’t have a pulse, he wasn’t breathing so I instantly started CPR, what I was trained to do.”
Copeland worked on the referee for over 10 minutes and saved his life. He was alert and talking by the time he was wheeled away on a stretcher.
“It was just kind of divine timing that I was there in the right place at the right time,” Copeland said.
Copeland is a forward with the Toledo Glass City basketball team and was in Upstate New York for a playoff game.
“He was calm, he’s everything that’s good about our players, he’s everything that’s good about society,” said David Magley, the president of the basketball league.
Copyright 2022 WTVG via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/06/17/firefighter-saves-mans-life-while-playing-basketball-game/ | 2022-06-17T19:32:42Z |
5 things to know for May 5: Ukraine, Rate hike, Roe v. Wade, Chappelle, Inmate escape
By Alexandra Meeks, CNN
May is Mental Health Awareness Month — and also the perfect time to check in with those around you with a gentle call or text. Research shows the mental health of many people has suffered during the Covid-19 pandemic, and the damage wasn’t limited to adults.
Here’s what you need to know to Get Up to Speed and On with Your Day.
(You can get “5 Things You Need to Know Today” delivered to your inbox daily. Sign up here.)
1. Ukraine
Heavy “bloody battles” are now unfolding at the Azovstal steel plant in Mariupol, a Ukrainian commander said. Russian forces have breached the perimeter and there was “non-stop shelling and assault” overnight. Despite efforts to evacuate civilians trapped in the sprawling complex, hundreds remain, including about 30 children, the city’s mayor said. Until recently, Azovstal was a major player on the global stage, producing 4 million tons of steel annually. But now, at least 150 employees have been killed and thousands remain unaccounted for, said Yuriy Ryzhenkov, CEO of Metinvest Holding, which owns the plant. The Russian Ministry of Defense says it expects to open evacuation corridors for civilians out of the plant starting today but it is unclear how many civilians trapped inside the plant will be able to leave.
2.Interest rates
The Federal Reserve is raising interest rates by a half-percentage point to get a handle on the worst inflation America has seen in 40 years. It’s the first time in 22 years that the central bank has hiked rates this much. Americans will experience this policy shift through higher borrowing costs: That means higher interest costs for mortgages, home equity lines of credit, credit cards, student debt and car loans. Business loans will also get pricier, for businesses large and small. The interest rate hike was unanimous, with all 12 members of the policy-setting Federal Open Market Committee agreeing on it. In March, the Fed ramped up its benchmark borrowing rate for the first time since late 2018, increasing it by a quarter-percentage point.
3. Roe v. Wade
Clinics in states likely to maintain access to abortion procedures are preparing for a potential influx of out-of-state patients following the report of a leaked draft of a Supreme Court majority opinion that would overturn Roe v. Wade. “This is a devastating blow for millions of people who will find themselves in a vast abortion desert,” said Jennifer Welch, president and CEO of Planned Parenthood of Illinois. In the draft opinion that would overturn Roe v. Wade, conservative Justice Samuel Alito separately tries to make clear it should not necessarily impact other decisions, such as the right to marry a person of a different race or the same sex and the right to contraception. But opponents say Alito’s attempt to wall off abortion from everything else raises several questions and legal challenges.
4. Dave Chappelle
A representative of comedian Dave Chappelle released a statement regarding an audience member who attacked him Tuesday night while Chappelle was performing at the Hollywood Bowl in Los Angeles. “As unfortunate and unsettling as the incident was, Chappelle went on with the show,” Carla Sims, Chappelle’s representative, said in a statement to CNN. “Jamie Foxx and Chris Rock helped calm the crowd with humor before Chappelle introduced the last and featured musical guests for the evening.” The man who tackled Chappelle has been identified as 23-year-old Isaiah Lee. He had a knife and is in custody, police said. The motive of the apparent attack remains unclear.
5. Inmate escape
Investigators suspect a missing Alabama corrections officer and a murder suspect had a romantic relationship before they both disappeared last week, according to Lauderdale County Sheriff Rick Singleton. The pair went missing Friday after Vicky White, 56, said she was taking the inmate, Casey White, 38, to the courthouse and was planning to seek medical attention because she wasn’t feeling well. But the two never arrived at the courthouse. And Vicky White didn’t make it to the medical facility. Vicky White is now the subject of an active arrest warrant for allegedly permitting or facilitating escape in the first degree, the sheriff said. Records also show Vicky White had made major financial moves in the weeks leading up to the escape — including selling her home days before she disappeared for a price well below market value.
BREAKFAST BROWSE
Everything you need to know to fight sunburns, premature aging and skin cancer this summer
Life’s better in flip flops. But don’t forget sunscreen! It’s time to pack on the SPF and learn how to keep your skin protected during these warmer months.
The internet’s famous dancing baby from 1996 is getting a new look
At some point in your life, you’ve probably seen the viral “Dancing Baby.” Well, the baby looks even more realistic now.
Largest known North American cave art remained hidden for more than 1,000 years
Sweet home Alabama! Where massive cave art went unseen!
How to build a runway out of solid ice
Buckle up. It’s a very difficult undertaking to land a plane in Antarctica.
This solar-powered plane could stay in the air for months
Speaking of planes, check out this one that doesn’t use a drop of fuel.
TODAY’S NUMBER
20 to 25
That’s how many years a federal judge will sentence former Minneapolis police officer Derek Chauvin to serve in prison for the 2020 killing of George Floyd. The sentencing range was laid out in the plea agreement filed months ago, which mentioned Chauvin would be expected to serve between 17 and a little over 21 years, “assuming all good-time credit.” At the federal level, Chauvin pleaded guilty in December to violating George Floyd’s civil rights after months earlier pleading not guilty. Chauvin has also asked the Minnesota Court of Appeals to overturn his conviction at the state level.
TODAY’S QUOTE
“Some would consider this a wake-up call. I disagree. The alarm’s already gone off.”
— Wade Crowfoot, California’s secretary for natural resources, urging Southern Californians to immediately cut back their water usage. Due to slim resources and the ongoing climate crisis, Southern California is bracing for unprecedented water restrictions unless residents and businesses significantly scale back. Scientists reported earlier this year that the West’s current drought is the worst in at least 1,200 years.
TODAY’S WEATHER
Check your local forecast here>>>
AND FINALLY
Meet the world’s tallest dog
This Great Dane named Zeus just stole our hearts! (Click here to view)
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/national-world/cnn-national/2022/05/05/5-things-to-know-for-may-5-ukraine-rate-hike-roe-v-wade-chappelle-inmate-escape-3/ | 2022-05-05T14:52:59Z |
- The integrated oil services company, based in Nigeria and operating in Sub-Saharan Africa, will use GEP SMART's unified procurement software to support its entire source-to-contract (S2C) process
CLARK, N.J., July 13, 2022 /PRNewswire/ -- GEP®, a leading provider of procurement and supply chain strategy, software and managed services to Fortune 500 and Global 2000 enterprises worldwide, announced that Oilserv Limited ("Oilserv"), the leading Sub-Saharan African oil & gas services company, selected GEP SOFTWARE™, the industry's leading procurement and supply chain platform, after a competitive selection process.
Oilserv Limited is an engineering, procurement, construction, installation & commissioning (EPCIC) services and complementary solutions provider to the onshore and offshore oil and gas sector. Oilserv, established in 1992, began operations in 1995 and now boasts some of the largest national and international oil companies as clients. As part of its digital transformation, Oilserv has selected GEP SOFTWARE to transform and automate its entire source-to-contract (S2C) process, encompassing sourcing, project tracking and contract and supplier management. Visit www.oilservltd-ng.com for more information on Oilserv.
GEP SOFTWARE encompasses GEP SMART™, recently named the world's best procurement software for the second year in a row, and GEP NEXXE™, the next-generation cloud-native supply chain unified platform. It enables clients to drive optimum efficiency, agility, visibility and actionable intelligence into all procurement, purchasing and supply chain functions while eliminating burdensome infrastructure and support costs to achieve maximum ROI.
About GEP SOFTWARE
GEP SOFTWARE™ provides award-winning digital procurement and supply chain platforms that help global enterprises become more agile, resilient, competitive and profitable. With beautifully rendered interfaces and flexible workflows, GEP® provides users fresh, intuitive digital workspaces that yield extraordinary levels of user adoption and meaningful gains in team and personal productivity. GEP products capitalize on machine learning and cognitive computing, advanced data and semantic technologies, IoT, mobile and cloud technologies, and are designed to incorporate continual innovations in technology. GEP's software integrates quickly and easily with third-party and legacy systems, such as SAP, Oracle and all other major ERP and F&A software. And with superb support and service, GEP is an industry leader in customer satisfaction and loyalty. A leader in multiple Gartner Magic Quadrants, GEP's cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, Procurement Leaders and Spend Matters. GEP SOFTWARE is part of Clark, NJ-based GEP — the world's leading provider of procurement and supply chain strategy, software and managed services. To learn more, visit www.gepsoftware.com.
Media Contact (GEP)
Derek Creevey
Director, Public Relations, GEP
Phone: +1 732-382-6565
Email: derek.creevey@gep.com
Media Contact (Oilserv)
Ikechukwu Ossi
Head of Public Relations, Oilserv Limited
Phone: +224 906 800 874
Email: ossi.ikechukwu@oilservltd-ng.com
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SOURCE GEP | https://www.kxii.com/prnewswire/2022/07/13/oilserv-limited-leading-nigerian-engineering-procurement-construction-installation-commissioning-epcic-services-company-oil-amp-gas-sector-selects-geps-ai-driven-software-manage-its-spend-globally/ | 2022-07-13T16:08:32Z |
NEW YORK, May 31, 2022 /PRNewswire/ -- Teleperformance, the global leader in outsourced customer and citizen experience management and advanced related services, has just launched its fourteenth year of the For Fun Festival, the annual contest that celebrates diversity and talent throughout Teleperformance. Employees can share their talent in the categories of music, art, dance, and TP Originals which includes creative skills such as magic tricks, standup comedy, and acrobatic performances, among others. To kick off the contest, this year the For Fun Festival has raised the bar and invited the GRAMMY award-winning legend Norah Jones to be the special musical guest. Jones, who is celebrating the 20-year anniversary of her debut album "Come Away with Me," recorded an exclusive video for the For Fun Festival singing her famous hit "Don't Know Why."
The 2022 For Fun Festival is completely digital, participants will have the chance to duet with Norah Jones or make their own music performance on TikTok or Instagram Reels. To enter the competition, participants should have an account on TikTok or Instagram, upload their unique performance, follow TP on Instagram and TikTok and add the hashtag #ForFunFestival2022.
"Every year we look forward to the For Fun Festival, and it is amazing to see our talented employees sharing their passion with us, and this year, it is an honor for us to have top-tier entertainment talent such as Norah Jones be part of 2022 For Fun Festival, as it was an unforgettable evening for all." said Luciana Cemerka, Global Vice President of Marketing, Teleperformance.
The For Fun Festival started on April 22 and will end on December 12. Official contest rules, details, and information about the For Fun Festival 2022 can be found by visiting Teleperformance on TikTok: @teleperformance_group. To learn more about Teleperformance visit www.teleperformance.com and follow Teleperformance on Twitter: @teleperformance.
ABOUT TELEPERFORMANCE GROUP
Teleperformance (TEP – ISIN: FR0000051807 – Reuters: TEPRF.PA - Bloomberg: TEP FP), the global leader in outsourced customer and citizen experience management and advanced related services, serves as a strategic partner to the world's largest companies in many industries. It offers a One Office support services model including end-to-end digital solutions, which guarantee successful customer interaction and optimized business processes, anchored in a unique, comprehensive high touch, high tech approach. Nearly 420,000 employees, based in 88 countries, support billions of connections every year in over 265 languages and 170 markets, in a shared commitment to excellence as part of the "Simpler, Faster, Safer" process. This mission is supported by the use of reliable, flexible, intelligent technological solutions and compliance with the industry's highest security and quality standards, based on Corporate Social Responsibility excellence. In 2021, Teleperformance reported consolidated revenue of €7,115 million (US$8.4 billion, based on €1 = $1.18) and net profit of €557 million.
Teleperformance shares are traded on the Euronext Paris market, Compartment A, and are eligible for the deferred settlement service. They are included in the following indices: CAC 40, STOXX 600, S&P Europe 350 and MSCI Global Standard. In the area of corporate social responsibility, Teleperformance shares are included in the Euronext Vigeo Eurozone 120 index since 2015, the EURO STOXX 50 ESG index since 2020, the MSCI Europe ESG Leaders index since 2019 and the FTSE4Good index since 2018.
For more information visit www.teleperformance.com / Follow us on Twitter: @teleperformance
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SOURCE Teleperformance | https://www.mysuncoast.com/prnewswire/2022/05/31/teleperformance-partners-with-norah-jones-kicks-off-annual-fun-festival/ | 2022-05-31T16:48:52Z |
COLUMBUS, Ohio, June 2, 2022 /PRNewswire/ -- Core Molding Technologies, Inc. (NYSE American: CMT) ("Core Molding", "Core" or the "Company"), a leading engineered materials company specializing in molded structural products, principally in building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, Canada and Mexico today announced David Duvall, President and CEO, and John Zimmer, EVP and CFO, will participate in the virtual East Coast IDEAS Investor Conference on June 23, 2022. Core Molding Technologies' presentation is scheduled to be available at 6:00 am ET on June 22nd and will be accessible through the conference site. The presentation will also be webcast and can be accessed through the conference website, the host's main website: www.IDEASconferences.com and in the investor relations section of the company's website: https://coremt.com/investor-relations/events-presentations/.
The mission of the IDEAS Conferences is to provide independent regional venues for quality companies to present their investment merits to an influential audience of investment professionals. Unlike traditional bank-sponsored events, IDEAS Investor Conferences are "SPONSORED BY INVESTORS. FOR INVESTORS." and for the benefit of regional investment communities. Conference sponsors collectively have more than $200 billion in assets under management and include: 1102 Partners, Adirondack Research and Management, Allianz Global Investors: NFJ Investment Group, Ariel Investments, Aristotle Capital Boston, Barrow Hanley Mewhinney & Strauss, BMO Global Asset Management, Constitution Research & Management, Inc., Fidelity Investments, First Wilshire Securities Management, Inc., Gamco Investors, Granahan Investment Management, Great Lakes Advisors, Greenbrier Partners Capital Management, LLC, GRT Capital Partners, LLC, Hodges Capital Management, Ironwood Investment Management, Keeley Teton Advisors, Luther King Capital Management, Marble Harbor Investment Counsel, North Star Investment Management, Perritt Capital Management, Punch & Associates, Westwood Holdings Group, Inc., and William Harris Investors.
The IDEAS Investor Conferences are held annually in Boston, Chicago and Dallas and are produced by Three Part Advisors, LLC. Additional information about the events can be located at www.IDEASconferences.com.
If interested in participating or learning more about the IDEAS conferences, please contact Lacey Wesley at (817) 769 -2373 or lwesley@threepa.com.
Core Molding Technologies is a leading engineered materials company specializing in molded structural products, principally in building products, utilities, transportation and powersports industries across North America and Mexico. The Company operates in one operating segment as a molder of thermoplastic and thermoset structural products. The Company's operating segment consists of one reporting unit, Core Molding Technologies. The Company offers customers a wide range of manufacturing processes to fit various program volume and investment requirements. These processes include compression molding of sheet molding compound ("SMC"), resin transfer molding ("RTM"), liquid molding of dicyclopentadiene ("DCPD"), spray-up and hand-lay-up, direct long-fiber thermoplastics ("D-LFT") and structural foam and structural web injection molding ("SIM"). Core Molding Technologies serves a wide variety of markets, including the medium and heavy-duty truck, marine, automotive, agriculture, construction, and other commercial products. The demand for Core Molding Technologies' products is affected by economic conditions in the United States, Mexico, and Canada. Core Molding Technologies' operations may change proportionately more than revenues from operations.
Company Contact:
Core Molding Technologies, Inc.
John Zimmer
Executive Vice President & Chief Financial Officer
614-870-5604
Investor Relations Contact:
Three Part Advisors, LLC
Sandy Martin or Steven Hooser
214-616-2207
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SOURCE Core Molding Technologies | https://www.wibw.com/prnewswire/2022/06/02/core-molding-technologies-present-virtually-host-1x1-investor-meetings-12th-annual-east-coast-ideas-investor-conference-june-22nd-amp-23rd/ | 2022-06-02T20:57:56Z |
Aventon Kit Creek will be the Developer's Second Property within the Raleigh-Durham-Chapel Hill Metropolitan Market
CARY, N.C., June 20, 2022 /PRNewswire/ -- Aventon Companies, a prominent, vertically integrated multi-family developer with active projects throughout the mid-Atlantic and Southeast, announced it has broken ground on its second apartment community within the Raleigh-Durham-Chapel Hill metropolitan market. Aventon Kit Creek, located in the town of Cary, will be a 293-unit, Class A, multifamily development.
Encompassing nearly 16 acres and spread across three separate residential buildings, Aventon Kit Creek will offer residents spacious floor plans ranging from studio units all the way up to three bedrooms. Each apartment home will be furnished with modern finishes and state-of-the-art-technology. Surrounding amenity spaces include a resort-style saltwater pool along with an expansive sundeck featuring lounge seating, daybeds and private cabanas, a state-of-the-art fitness center with cardio and strength training equipment, and a remote working hub with multiple private offices and collaboration areas. The pet-friendly community also offers a pet spa and dog park.
"Cary is one of the most desirable locations to live within North Carolina, with its booming job market and esteemed schools," said Ron Perera, Senior Managing Director for Aventon Companies. "To be able to offer a premier multifamily development within close proximity to jobs, schools and shopping is something that we feel will be highly beneficial to the community."
Aventon Kit Creek's buildings were designed by Charlotte-based Watts Leaf Architects, PA with interior design by Studio 5 Interiors, Inc. Aventon Kit Creek is expected to open in the Fall of 2023 and will be just a half-mile from Apple's future campus, a $1 billion development with 3,000 employees and salaries averaging $187,000. Since 2019, Aventon Companies has assembled an impressive $2 billion portfolio of ground-up developments expected to bring nearly 7,600 Aventon-branded apartment homes to Florida, Georgia, the Carolinas, and the Mid-Atlantic.
Aventon Companies acquires, develops, and manages multifamily communities in Florida, Georgia, the Carolinas and the Mid-Atlantic with regional offices in West Palm Beach, FL, Orlando, FL, Raleigh, NC and Bethesda, MD. To learn more, visit www.aventoncompanies.com.
Media Contact:
Kristen Skladd
586-222-2423
kristen@andersoncollaborative.com
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SOURCE Aventon Companies | https://www.mysuncoast.com/prnewswire/2022/06/20/aventon-companies-begins-construction-luxury-apartment-community-cary/ | 2022-06-20T14:14:41Z |
MUNICH, April 21, 2022 /PRNewswire/ -- On Earth Day 2022, millions will take action to call for leaders to #InvestInOurPlanet and build healthy cities, countries and economies. As a leading electric two-wheeler brand, Yadea has responded to the call with innovative e-mobility products technologies, mobilizing the world to protect the planet together.
"We only have one home, and we need to do everything in our power to ensure that we preserve it for future generations. Yadea is a pioneer in green energy, and continues to #InvestInOurPlanet with sustainable concepts, actions, innovations and practices that protect the earth and create a prosperous, equitable future for all," said Aska Zeng, General Manager of Yadea.
Electric mobility is critical in the climate battle. According to the UN, fossil fuels from the transport sector contribute approximately one-quarter of all energy-related carbon dioxide emissions. As a result, governments around the world are advocating for the shift to electric vehicles, from the UNEP's Global Electric Mobility Programme to the EU's ban on new fossil-fuel cars from 2035.
Since its inception, Yadea has positively contributed to the planet by promoting energy conservation, reducing emissions, and aligning its product development with ESG principles. In the past two decades, the company has sold 60 million units, which has helped lower fuel consumption by 9.84 million tonnes and reduced CO2 emissions by 34.3 million tonnes — the equivalent of planting 1.72 billion trees.
Alongside product development, Yadea invests in the planet with sustainable manufacturing that limits environmental impact at each stage of production. The company's eight production bases around the world incorporate the largest, top-of-the-line automated production lines, industry-leading equipment and management systems. Furthermore, Yadea has introduced its own 'Cleaner Production' strategy in line with the UNEP's environmental agreement for cleaner production, which includes pollution prevention measures during the discharge, audit and screening phases of the manufacturing process.
Beyond products, Yadea consistently takes action to promote ecological conservation and emphasize environmental protection. The company has provided RMB100 million (USD15.7 million) in subsidies for customers to purchase low-emission vehicles as part of its Green Cycling Initiative. In tandem, it has established a recycling program to promote the safe disposal of waste lead-acid batteries and teamed up with government departments and influencers to advocate sustainable travel.
Within the organization, Yadea adopts a transparent approach to sustainability. In October 2021, the company established an internal ESG Committee to spearhead modern governance and green transformation processes. Yadea has also actively strengthened disclosure of its sustainability initiatives and outcomes via regular shareholder reports and public communications. In 2021, this continued investment in the planet saw Yadea become one of the few Chinese companies rated AAA by MSCI.
Looking ahead, Yadea will continue to cement its position as a global ESG pioneer and an electric mobility market leader. By carving the way for future companies to #InvestInOurPlanet, Yadea is shaping a new era of sustainable development — encouraging people to Electrify Your Life and protect the planet together.
About Yadea
Yadea is a global leader in developing and manufacturing electric two-wheel vehicles including electric motorcycles, electric mopeds, electric bicycles and electric kick scooters. To date, Yadea has sold products to 60 million users in over 88 countries, and has a network of 40,000+ retailers worldwide. With a mission to help people "Electrify Your Life", Yadea continues to invest in R&D, production and global expansion to build a shared and sustainable future for humankind.
For more information, visit our:
Official Website: https://www.yadea.com/
Facebook: https://www.facebook.com/Yadea.Official
Instagram: https://www.instagram.com/YADEA.GLOBAL/
Twitter: https://twitter.com/YadeaGlobal
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SOURCE Yadea | https://www.wibw.com/prnewswire/2022/04/21/earth-day-2022-yadea-continues-investinourplanet-create-brighter-future-together/ | 2022-04-21T07:50:47Z |
Industry-First Automated Executive Risk Reporting Capabilities to Streamline Data Risk Posture
SAN FRANCISCO, June 8, 2022 /PRNewswire/ -- BigID, the leading data intelligence platform that enables organizations to know their enterprise data and take action for privacy, security, and governance, today announced expanded risk management capabilities with out-of-the-box executive risk reporting.
BigID's Executive Risk Report marks the first reporting capability to automate a data risk progress report for security teams and executive management, simplifying risk reporting to drive better decisions and monitor improvements of risk posture over time.
The executive risk report empowers customers to easily and accurately report on their data risk posture across their environment, with an automated high-level view of findings, risk, and coverage to share with stakeholders across the company. Customers can quickly generate an executive summary of the most important insights on their data to drive decision-making and improve their data security posture.
"A common problem for many security SaaS platforms is within the reporting itself as there are no consistent ways to measure success." said Dimitri Sirota, CEO, and co-founder of BigID. "Unique to BigID, this Executive Risk Report is yet another example of how we are making data reporting easier for our customers."
Visit BigID at RSAC 2022 to learn more or:
- Visit BigID's Data Protection HQ at RSAC2022 - save your spot
- Join BigID's Cloud Data Security Panels June 7 & 8, with CISO led discussions from Amplitude, Blackstone, Clearsky Cybersecurity, Datadog, Highspot, Optiv, Relativity, Servicenow, ServiceTitan, Wiz, and more
- Visit Booth #4529 in the North Expo Hall
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.
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SOURCE BigID | https://www.wibw.com/prnewswire/2022/06/08/bigid-expands-risk-management-capabilities-with-executive-risk-reporting/ | 2022-06-08T17:40:32Z |
LOS ANGELES (AP) — U.S. officials have repatriated 16 cultural items to the Peruvian government, including paintings, historical documents and stone axes.
The FBI returned the items to representatives of Peru at a ceremony Friday in Los Angeles.
“These objects and the heritage they carry with them took an opaque journey into the United States and now have a clear path of return to Peru through proper diplomatic channels,” Kristi K. Johnson, assistant director of the FBI’s Los Angeles field office, said in a statement.
The objects include historical documents, a 17th century painting stolen from a Peruvian church in 1992 and a painting stolen from a different church in 2002 that was hand-carried into the United States by an art dealer, sold to an art gallerist in Santa Fe, New Mexico, and later sold in 2016 to a buyer in California, the statement said.
These artifacts were voluntarily surrendered to the FBI, the statement said.
“In these instances, the people who bought these objects did the right thing. Once they realized they were stolen, they agreed to forfeit them,” said Liz Rivas, a special agent with the FBI’s art crimes team.
For example, the person who had the historical documents said they were purchased as souvenirs in Peru and they were reselling them online to make money during the coronavirus pandemic, Rivas said. She said the person didn’t know they were stolen, and in this case, the documents didn’t meet the minimum value for a criminal case.
The last four objects were stone axes seized in Indianapolis in 2014 from the collection of amateur archaeologist Donald Miller. Thousands of artifacts were taken from Miller’s home and returned to dozens of countries spanning from China to Papua New Guinea.
Authorities encourage art and artifact buyers to review the FBI’s stolen art file before making a purchase to find out if the items were reported as stolen.
__
This version of the story has been updated to correct the year that stone axes were seized from the collection of amateur archaeologist Donald Miller in Indianapolis. The year was 2014, not 2004. | https://cw33.com/news/u-s-news/ap-u-s-headlines/paintings-stone-axes-repatriated-to-peru-in-la-ceremony/ | 2022-04-23T12:14:31Z |
Oklahoma Baptist-SOSU Baseball Highlights
Published: Apr. 2, 2022 at 9:34 PM CDT|Updated: 11 hours ago
Oklahoma Baptist-SOSU Baseball Highlights
Copyright 2022 KXII. All rights reserved.
Oklahoma Baptist-SOSU Baseball Highlights
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/04/03/oklahoma-baptist-sosu-baseball-highlights/ | 2022-04-03T13:51:42Z |
Admired Industry Leader to Unify Label's Multi-Genre Marketing Strategy
LOS ANGELES, July 13, 2022 /PRNewswire/ -- Dionnee Harper is joining Warner Records as Executive Vice President of Marketing & Artist Development, effective September 15th. The widely admired industry leader is currently Senior Vice President, Head of Marketing at Warner Music Group sister label Atlantic Records. In her new post, Harper will oversee Warner's marketing strategy across all genres, while working closely with the company's various departments. She will relocate from New York to the label's Downtown Los Angeles headquarters and report to Warner Records Co-Chairman and COO Tom Corson.
In the course of her career, Harper has worked closely with artists such as Charlie Puth, Kevin Gates, Kehlani, B.o.B, Flo Rida, and many more. She also served as Atlantic's primary liaison with Mike Caren's successful APG label. Harper has played a key role in shaping Atlantic's world-class Black Music department and has been an influential guide and mentor to the next generation of Atlantic executives.
At the same time, it was announced that Chris Atlas, Warner's EVP, Urban Music & Marketing, who recently relocated to New York City, will be taking on a new role at the label, to be revealed in the near future. In addition, Mark Flaherty, Warner Records' current EVP, Head of Marketing, has decided to leave the company. To ensure a seamless transition, he will remain in his post until Harper's arrival this fall.
"Dionnee is a true marketing superstar, and her wide-ranging creativity, deep experience, passionate dedication, and closeness to culture will make her a fantastic addition to the team," said Tom Corson. "She'll work with Aaron and me to evolve the identity of the label and unify our marketing strategy across all genres under one outstanding leader. Dionnee has done a phenomenal job at Atlantic and is loved by her artists and colleagues, so I want to thank Julie Greenwald for helping us bring her on board. We're looking forward to announcing an exciting new leadership role for Chris, who's made exceptional contributions to our success. I also want to thank Mark for his great work with us over the past five years, and we wish him all the best in the future."
"I'm super excited to be joining Tom, Aaron, and the whole Warner Records team," said Dionnee Harper. "It's an incredible opportunity to work with their fantastic artist roster and explore every avenue to embed their music in the culture and bring it to the fans. It's not easy leaving all my wonderful colleagues and artists at Atlantic, but I'm very happy to be staying within the WMG family, where I've spent my whole career. I want to thank Julie and Mike Kyser for their amazing guidance that got me to this life-changing moment, and Max Lousada for his enthusiastic support. I'm looking forward to taking everything I've learned over the years and helping bring the great Warner label to new heights."
Harper has spent her entire 22-year career with Warner Music Group, and with her new appointment at Warner Records, she will have worked at all three of the company's frontline labels. Right out of college, she joined Elektra Entertainment Group as in intern in 2000. Just a month later, she was hired as an assistant in the label's Urban/Mixshow Promotions Department. In 2004, when Elektra merged with Atlantic Records, she became Urban Marketing Coordinator, climbing the ranks to Product Manager, Senior Director, Vice President, and her current SVP post.
Harper holds a BS degree in Consumer Studies from Syracuse University.
Access accompanying image here.
Photo Credit: Jimmy Fontaine
Media Contact
Laura Swanson
Laura.Swanson@warnerrecords.com
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SOURCE Warner Music Group Corp. | https://www.mysuncoast.com/prnewswire/2022/07/13/dionnee-harper-named-evp-marketing-amp-artist-development-warner-records/ | 2022-07-13T20:37:27Z |
Woman files lawsuit after being denied morning after pill from pharmacist
AITKIN, Minn. (KARE) – A Minnesota woman said she had to drive more than 100 miles for emergency contraception after she said a pharmacist denied her prescription because of his religious beliefs. The woman is now suing.
With a corporate office in Plymouth, Minnesota, Thrifty White Pharmacy has 94 locations total. According to court documents, it was the only pharmacy in all of McGregor, Minnesota.
The documents said when Andrea Anderson’s contraception failed, her doctor wrote her a prescription for the morning after pill. However, the Thrifty White pharmacist on duty said he wouldn’t fill it because of his “beliefs.”
Anderson tried a bigger chain 20 miles away, a CVS, where a pharmacist also indicated she could not fill it.
Eventually, she traveled to Brainerd, Minnesota, and got the pill.
Jill Hasday, a centennial professor in law at the University of Minnesota, said Anderson had to drive 100 miles for access to the pill because of her location in the state.
“If you live in Minneapolis and a pharmacy denies you access to morning after pills, you may be upset, but you can go down the street. But in many areas there’s really not many options, so these denials weigh very large just in a practical manner,” Hasday said.
Anderson settled with CVS but is suing Thrifty White in Aitkin County. The case is filed under the state’s Human Rights Act.
“There’s no factual dispute about what happened,” Hasday said. “It’s just a question of law. This is the first case in Minnesota that really raises the question of: Is denying women access to birth control a violation of their protection from sex discrimination under the Human Rights Act?”
It’s a case of interest in Minnesota and nationwide, following the Supreme Court’s decision to overturn Roe v. Wade, and many states then implementing abortion bans.
“One live question in many states is: What is going to be the reach of these prohibitions?” Hasday said. “Many of the same people who are opposed to abortion are also opposed to either all birth control or certainly birth control of the nature of the morning after pill. So, in states that have moved to restrict abortion, you’re already beginning to see moves to restrict the morning after pill.”
The U.S. House of Representatives voted in July to pass a bill that would guarantee access to contraception. However, many reproductive rights activists are concerned contraceptive measures are at risk after the overturn of Roe v. Wade.
Copyright 2022 KARE via CNN Newsource. All rights reserved. | https://www.wibw.com/2022/08/02/woman-files-lawsuit-after-being-denied-morning-after-pill-pharmacist/ | 2022-08-02T20:41:19Z |
MADRID (AP) — Spain’s Queen Letizia turned 50 on Thursday.
It’s only a birthday but Spain is taking the opportunity to assess its scarred monarchy and ponder how the arrival of a middle-class commoner may help shake up one of Europe’s most storied royal dynasties into a modern and more palatable institution.
Divorced and a seasoned national television journalist, Letizia Ortíz became princess on marrying then Prince Felipe — now King Felipe VI — in 2004. When King Juan Carlos abdicated 10 years later, she became the first woman without blue blood to reach the throne of Spain.
After initially been questioned by many, these days the media is full of articles and books abound about her, with most giving her the thumbs-up approval.
On Thursday, daily El Mundo ran a front-page headline, “Queen Letizia´s Revolution to Modernize the Crown” with its royal correspondent writing, “ She turns 50 in a sweet moment. Even the less pro-monarchy media praise her and exalt her as the savior of the monarchy.”
But Letizia has had to battle to get there.
From the beginning of her royal life, the spotlight has been on her. Alongside possibly Penélope Cruz, no other woman in Spain is more talked about, whether it be about how she looks and dresses, her commitment to social causes or any perceived transgression from tradition.
“Letizia has always been talked about since she arrived in the monarchy because she is such an interesting and complex person who eclipses all others, including the King Emeritus Juan Carlos, when he was king,” said Alberto Lardiés, journalist and author of several books on the Spanish royals.
Letizia became queen consort at a time when the Spanish monarchy was on a downward roll following successive scandals involving Juan Carlos and her brother-in-law, Inaki Urdangarín.
She is known not to have had an easy time fitting in. Juan Carlos is known to have had little time for her because of her background. Letizia soon also distanced herself from Sofía, her predecessor and a model of conformity, as well as many of the rest of the what has always been known as a very conservative family.
In one of the most commented-on occasions, Letizia, now queen, was seen having words and stepping in the way to prevent Sofía, from posing with Letizia’s children at Palma de Mallorca cathedral in 2018. The reason why wasn’t clear, but her insistence was.
Earlier this year, she stood out by not blessing herself like the rest of her immediate family and nearby priests during a televised religious ceremony.
All eyes will now be on Felipe, Letizia, Juan Carlos and Sofía when they turn up for the funeral of Queen Elizabeth II on Monday, the first time they will be seen together in a long time.
It was Juan Carlos, once Spain’s most popular figure, who came close to shattering the monarchy’s reputation on many occasions, most recently when he was mentioned in 2020 in financial investigations along with a one-time lover.
He subsequently left the country and has since been residing in Abu Dhabi.
And although better known as a progressive feminist rather than a fervent monarchist, Letizia is now accredited with playing a major role in Felipe’s decision to forge a new path and break ties with the palace’s corruption-linked past so as to save the monarchy.
Lardiés says royal watchers now say Letizia is “turning out to be the good one and Juan Carlos was not that good after all.”
Mábel Galaz, El Pais palace correspondent for three decades and author of “Royal Letizia,” told her paper in an interview that a key attribute of Letizia’s is that people can identify with her.
“She has traveled in the subway, she has paid a mortgage, she has had problems making it to the end of the month, like the rest of us,” Galaz said. “She knows the monarchy has to reinvent itself and be more ordinary.”
As princess she was obliged to fulfill many official functions and by the looks on her face, it didn’t seem to always suit her. But once she became queen she freed herself up to dedicate time to things that genuinely interest her, such as organizations dealing with cancer and rare diseases, education, culture and Spain’s international cooperation projects for developing countries.
“She has become an icon,” Lardiés said. “Not on the level of the late Lady Di, but she is considered unique and very different from anyone else in the Spanish royalty.”
One of the rare moments when she talked about herself candidly since becoming queen occurred when she revisited her alma mater, Madrid’s Complutense University, for the 50th anniversary of the journalism faculty last year.
In a speech, she recounted how once one of her professors, a bit fed up with her, interrupted a class shouting, “Ortíz, look, I obviously don’t know what is going to come of your life, but when it comes to being annoying, you have no rival.”
Letizia said he was referring to her questions and curiosity. She said she continues to question but now doesn’t reveal the answers they give her.
Commenting on her age, she said:
“The faculty is 50 years old and I am about to be too, as all of Spain knows¨……. I think that 50 years is a nice figure to continue trying to do things well in the place that corresponds to each of us.” | https://cw33.com/news/international/ap-international/ap-focus-on-spains-feisty-queen-letizia-as-she-turns-50/ | 2022-09-15T15:03:49Z |
Hawaii Legislature passes bill raising minimum wage to $18
By AUDREY McAVOY
Associated Press
HONOLULU (AP) — Hawaii lawmakers have passed legislation that would hike the state’s minimum wage to $18 an hour by 2028, potentially the highest in the nation. Advocates say the raise is badly needed in a state that routinely tops lists for most expensive housing and cost of living. But some businesses are warning they will have to cut staff or even close because they won’t be able to afford the greater pay. The $18 minimum would be the highest dollar amount among the 50 states and the District of Columbia. However, some states automatically boost their minimum wage when the cost of living increases, meaning they could have a higher minimum in six years time given inflation. | https://localnews8.com/news/ap-national-business/2022/05/03/hawaii-legislature-passes-bill-raising-minimum-wage-to-18/ | 2022-05-04T00:31:24Z |
BEVERLY, Mass., June 22, 2022 /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, is scheduled to participate in the 14th Annual CEO Summit, being held July 13, 2022, at the St. Regis Hotel, San Francisco, CA.
The presentation material utilized during the CEO Summit will be made accessible on the investor page of the company's website at www.axcelis.com
About the 14th Annual CEO Summit
The CEO Summit is collectively hosted and funded by participating companies and features a "round-robin" format consisting of small group meetings with company management teams. During the event, investors and analysts will have the opportunity to meet with the majority of the 12 management teams during the small group meeting sessions, as well as opportunities to meet with management during the breakfast and lunch networking sessions. The 12 management teams collectively hosting the 14th Annual CEO Summit 2022 include: ACM Research (ACMR), Aehr Test (AEHR), Alpha & Omega Semiconductor (AOSL), Axcelis (ACLS), Camtek Ltd. (CAMT), Cohu (COHU), Everspin Technologies (MRAM), Ichor Systems (ICHR), Intevac (IVAC), Kulicke & Soffa (KLIC), Pivotal Systems (PVS.AX), and SkyWater Technology (SKYT).
This year's CEO Summit is being co-sponsored by Cowen & Co., Intro-act, Jefferies and Stifel. Attendance at the CEO Summit is by invitation only and is available to accredited investors and publishing research analysts. As space is limited, please RSVP early. Hosts reserve the right to limit attendance as necessary. Last day for registration is July 1, 2022.
RSVP Contacts for 14th Annual CEO Summit 2022
To RSVP for the CEO Summit, please contact either of the Summit's co-chairs.
About Axcelis:
Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 40 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.
CONTACTS:
Maureen Hart (editorial/media) 978.787.4266
Doug Lawson (investor relations) 978.787.9552
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SOURCE Axcelis Technologies, Inc. | https://www.kxii.com/prnewswire/2022/06/22/axcelis-participate-14th-annual-ceo-summit/ | 2022-06-22T12:43:22Z |
NEW YORK, July 11, 2022 /PRNewswire/ -- BXS, the industry's leading compliance reporting and trading analytics provider, today announced the launch of their new Trade Surveillance Platform. BXS built this platform to meet and exceed the expectations of the regulators while also consolidating Alerts, Investigation, and Case Management – into one system -- to meet and exceed the expectations of their clients.
BXS's new Trade Surveillance Platform was built for efficiency. The newly designed dashboard provides an overview of alerts that are most important to the user, with added filtering capability to create a truly bespoke experience. This added customization enables users to pinpoint potential market manipulation, escalate to the appropriate parties and resolve tickets all on one screen -- saving time and resources! BXS's Director of Trade Surveillance, Jon Nieves explains: "As a former user of some of the most advanced trade surveillance and reporting systems for US, Canada, and Latin American Equities trading, I am extremely happy with the performance of this product. We have taken years of industry knowledge and feedback addressing all common pain points to create what we believe is a truly holistic product, at competitive price for today's marketplace."
The sleek new design of this platform includes an alerting dashboard, advanced filters, audit trail, data visualization, and full drill-down capability to see the most granular data available for all trading activity involved in a particular scenario. All market participants who are looking to consolidate their trade surveillance workflows are welcome to schedule a demo by contacting sales@bxstech.com. Available to all existing BXS Clients, this product can be added to BXS's Best Ex Platform to be accessed using one single login.
About BXS
BXS is a trade data analytics firm that builds cutting-edge technology to deliver high-performance software solutions and powerful market insights to broker-dealers, buy-side firms, funds, market centers, and individual traders. BXS focuses on providing Best Execution tools, trading analytics and surveillance software across a range of asset classes, which enable market participants to meet a variety of reporting obligations while also unlocking competitive advantages. Founded in 2015 by the team that helped shape the modern equites reporting landscape and built on a robust modular platform, BXS combines made-to-measure solutions with exceptional client service, enabling a streamlined, highly intuitive process that minimizes cost.
Media Contact:
Vita Levin
vita.levin@bxstech.com
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SOURCE BXS | https://www.wibw.com/prnewswire/2022/07/11/bxs-launches-all-in-one-trade-surveillance-platform/ | 2022-07-11T11:30:26Z |
A roundup of the week's most newsworthy health industry press releases from PR Newswire
NEW YORK, Sept. 2, 2022 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering the healthcare industry stay on top of the week's most newsworthy and popular releases, here's a roundup of stories from the week that shouldn't be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- FDA Authorizes Moderna, Pfizer-BioNTech Bivalent COVID-19 Vaccines for Use as a Booster Dose
The authorized bivalent COVID-19 vaccines, or updated boosters, include an mRNA component of the original strain to provide an immune response that is broadly protective against COVID-19 and an mRNA component in common between the omicron variant BA.4 and BA.5 lineages to provide better protection against COVID-19 caused by the omicron variant. - MindMed Completes 1-for-15 Reverse Share Split
The reverse share split is intended to enable the Company to achieve several important corporate objectives, give the Company greater flexibility in considering and planning for future potential business needs, and to address the Nasdaq minimum bid price requirement. - Cue Health Launches Cue Care™ Nationwide to Provide Same-Day, At-Home, Test-to-Treatment Service for COVID-19
Patients in any of the 50 states who test positive using Cue's COVID-19 tests can now use the Cue Health App to consult virtually and on-demand with a healthcare professional, obtain an e-prescription, and get the medication delivered. - Cigna Grows ACA Marketplace Presence, Giving More Customers and Communities Access to Quality, Cost-Effective Care
During the upcoming Open Enrollment Period, which begins in November, Cigna health plans will be available on the individual exchange in three new states—Texas, Indiana, and South Carolina—as well as in additional counties in Georgia, Mississippi, and North Carolina. - New "U.S. Health Care Price Index" Shows the Cash Price Healthcare Providers are Charging for Medical Services Performed in all 50 States
Journalists, analysts, policymakers and others with a keen interest in understanding the true price of common health care services nationally, regionally and locally, now have a useful tool to do so. - Medtronic partners with BioIntelliSense for exclusive U.S. distribution of multi-parameter wearable for continuous remote patient monitoring from in-hospital to home
The BioButton medical grade device measures up to 1,440 vital sign measurements per day, including skin temperature, respiratory rate at rest, and heart rate at rest. - Seth Rogen and Lauren Miller Rogen's Non-Profit Hilarity for Charity, Celebrates 10th Birthday With Star-Studded Birthday Extravaganza
"Raising Alzheimer's awareness and supporting family caregivers is just as important now as it was when we founded HFC 10 years ago; in fact, the need is growing…With your support, we can change the trajectory of Alzheimer's and spread the word about the importance of brain health with some laughs and love," said Lauren Miller Rogen and Seth Rogen. - PCOS Challenge Drives Change for Major Women's Health Issue with Largest PCOS Awareness Month to Date
The theme for this year's PCOS (polycystic ovary syndrome) Awareness Month is #CreatingChangeTogether, "reinforcing the need and opportunity for the medical, scientific and patient communities to work together to improve health outcomes and close significant gaps in PCOS research, care, and education."
Read more of the latest health-related releases from PR Newswire and stay caught up on the top press releases by following @PRNhealth on Twitter.
These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.
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For questions, contact the team at media.relations@cision.com.
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SOURCE PR Newswire | https://www.kxii.com/prnewswire/2022/09/02/this-week-health-news-8-stories-you-need-see/ | 2022-09-02T11:27:45Z |
Biden to address global Covid-19 summit on Thursday
By Jeremy Diamond, CNN
President Joe Biden will deliver remarks and participate in a global Covid-19 summit convened by his administration on Thursday, two senior administration officials said.
The summit is aimed at urging other wealthy countries to ramp up their coronavirus relief efforts aimed at poorer countries, but it comes as the Biden administration is struggling to secure additional funding from Congress to bolster its own coronavirus relief efforts at home and abroad.
Ahead of the summit, Biden has called on upper-middle and high-income countries to donate $2 billion in coronavirus treatments, like the Paxlovid pill, and $1 billion in oxygen supplies to poorer countries, according to a source familiar with the call to action.
Thursday’s summit is the second global Covid-19 summit the White House has hosted, following a first one last September.
This is a breaking story and will be updated.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/05/09/biden-to-address-global-covid-19-summit-on-thursday/ | 2022-05-09T16:59:24Z |
Fatality crash reported early Tuesday in Brown County
Published: Apr. 5, 2022 at 7:28 AM CDT|Updated: 1 hour ago
POWHATTAN, Kan. (WIBW) - A fatality crash was reported early Tuesday in Brown County, authorities said.
The crash was reported around 7 a.m. near 170th Road and Goldfinch Road. The location was just south of Powhattan.
The Kansas Highway Patrol was responding to the scene.
Additional information wasn’t immediately available.
Check wibw.com later for more details as they become available.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/05/fatality-crash-reported-early-tuesday-brown-county/ | 2022-04-05T13:35:39Z |
FAIRMONT, W.Va., July 25, 2022 /PRNewswire/ -- Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 10 new line and substation 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 new employees include nine lineworkers and one new substation electrician who recently graduated from the PSI partnership established in 2012 with Pierpont Community & Technical College in Fairmont, West Virginia.
"Our Power Systems Institute develops top-quality, well-educated men and women for the electric utility industry," said James H. Myers, president of FirstEnergy's West Virginia Operations. "We look forward to these graduates joining our workforce to help continue providing safe and reliable electric service for our customers."
The new Mon Power lines employees, listed by work location, with their hometowns, are:
- Clarksburg Service Center – Dawson Carpenter, French Creek
- Franklin Service Center – Alec Horner, Morgantown
- Harrisville Service Center – Tyler Chisler, Wadestown; Elias Stamm, Salem
- Marlinton Service Center – Tyler McClanahan, Morgantown
- Parkersburg Service Center – Brad Ash, Cutler, Ohio
- Sistersville Service Center – Phillip Cooke, Morgantown
- Spencer Service Center – Benjamin Fox, Spencer
- Weirton Service Center – Seth Mozingo, New Cumberland
The new Mon Power substation employee listed by work location and hometown is:
- Clarksburg Service Center – Brian Moneypenny, Weston
The PSI curriculum requires two and a half days each week spent at Pierpont completing academic course work with the remainder of the week spent at a Mon Power training facility in White Hall, West Virginia, focusing on safe work practices and procedures in the electrical environment. Ultimately, students earn an associate of applied science degree in Electric Utility Technology.
Since the program was developed in 2000, FirstEnergy has hired more than 2,400 lineworkers and substation personnel who completed PSI programs in Ohio, Pennsylvania, New Jersey and West Virginia.
For information about how to enroll in the PSI program, call 1-800-829-6801, or visit www.firstenergycorp.com/psi.
Mon Power serves about 395,000 customers in 34 West Virginia counties. Follow Mon Power at www.mon-power.com, on Twitter @MonPowerWV, and on Facebook at http://www.facebook.com/MonPowerWV.
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 online at www.firstenergycorp.com and on Twitter @FirstEnergyCorp.
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/mon-power-adds-new-line-substation-employees-power-systems-institute-training-program/ | 2022-07-25T14:35:39Z |
NEW YORK, July 21, 2022 /PRNewswire/ -- Factor, the leader in solutions for complex legal work at scale, announced today it has appointed Jonathan Pedersen as Executive Vice President, Global Practice Lead. He will oversee all of Factor's engagements, managing technology-enabled teams integrated with legal and business stakeholders across Factor's global client base.
Pedersen, a former Skadden Partner who also previously served as Co-General Counsel of Investment Banking at Credit Suisse, leads a cohort of recent hires as Factor continues to expand its capability to handle increasingly specialized work. The moves reinforce Factor's vision of Integrated Law as a new category within the legal landscape, which it describes as bringing together the expertise of Traditional Law, efficiency of New Law, and the business alignment of In-house Law.
"The market has responded enthusiastically to our focus on complex legal work at scale. Our clients entrust us with this higher-value work, enabling them to focus on the vitally important, recurring advisory work only in-house teams can provide," said Varun Mehta, Chief Executive Officer, Factor. "Jonathan's experience spanning traditional law firms, in-house, and legal innovation made him uniquely qualified to help bring Integrated Law to life. Jon has lived in the shoes of our in-house clients and practiced law at the highest levels. His reverence for quality and client outcomes has distinguished him throughout his career."
"Over the last two years, Factor has grown tremendously, adding numerous new clients to an already enviable list. I am thrilled to help build on this momentum," said Pedersen. "We are establishing a new category, trusted to deliver complex work exceptionally well by combining legal expertise with operational efficiency, and deep business alignment and understanding."
Pedersen is intimately familiar with the market opportunity and value proposition ahead for Factor. He added, "I have known the Factor team and business for years as a client, and their market focus really resonated. I believe Factor provides a service General Counsels increasingly need most; a modern and trusted solution to address transactional legal work like contracting. Keeping pace with this business-as-usual work and the demand to deliver it cost-effectively is a real challenge for in-house teams. It is the most underserved part of our market, and all too often, the urgency of this work crowds out the in-house team's ability to do what they are uniquely qualified to do: advising the business on the balance between legal risk and its commercial objectives."
Mehta concluded: "Jon is a tremendous addition as we continue our growth and focus on work that matters to our clients and their businesses. Clients need a partner to be truly integrated into their world with real familiarity and understanding of their markets, systems, strategies, and stakeholders. We are doubling down on our Integrated Law strategy and actively investing to create this new market category."
About Factor
Factor is the market leader in Integrated Law. Factor works alongside corporate legal departments and law firms to solve the ever-increasing demands and complexity of transactional legal work like contracting. With 10+ years of focused experience, Factor integrates the expertise of Traditional Law, and the efficiency of New Law, with the close business understanding and integration of In-house legal to deliver complex legal work at scale. Factor helps reposition and focus in-house legal on advisory, solves business problems, and balances commercial opportunities with legal risks.
Factor is not a law firm and does not provide legal advice. For more information, go to https://www.factor.law or LinkedIn.
Media Contacts
Jessi Adler (US)
Plat4orm
jessi@plat4orm.com
Nick Jones (UK)
Plat4orm
nick@plat4orm.com
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SOURCE Factor | https://www.wibw.com/prnewswire/2022/07/21/factor-adds-former-gcbig-law-partner-it-launches-integrated-law-category/ | 2022-07-21T12:55:12Z |
SAN FRANCISCO, May 13, 2022 /PRNewswire/ -- Farmhouse Inc. (OTCQB: FMHS) (the "Company") announced today a partnership with Urbana to place the "Oro Blanco" Bored Ape Yacht Club (BAYC) #2186 strain on shelves at both San Francisco locations: 4811 Geary Blvd. and 33 29th Street.
The partnership is part of the Company's expansion strategy that connects the NFT community with established cannabis brands. In partnership with Urbana, the Company will lead the development of a destination dispensary that integrates NFT culture with premium products, starting with the BAYC #2186 Oro Blanco strain.
Oro Blanco is the face of a new cannabis brand on behalf of Ape-In Productions (AIP), a ground-breaking entertainment company and virtual community. AIP is injecting the excitement of music fandom into the BAYC universe by developing NFTs such as BAYC into popular music artists in the metaverse.
"Our partnerships with Urbana and Ape-In Productions are the first step in creating a new ecosystem that combines cannabis and NFT culture. Urbana's dispensaries combined with our network and Oro Blanco's brand will push the future of NFT enabled retail experiences," said Evan Horowitz, CEO of Farmhouse.
The partnership represents the Company's ability to merge physical cannabis brands with digital assets and virtual communities. With thousands of cannabis brands and over 94,000 Twitter followers, the Company is uniquely positioned to pioneer the future intersection of cannabis and NFTs.
About Farmhouse, Inc.
Farmhouse has multiple divisions, including the WeedClub® Platform, a professional social platform, that enables professionals to connect, discover products and services to scale their businesses. The Company believes it has established itself as the trusted brand to connect the industry through the WeedClub® Platform and its @420 Twitter handle.
Forward Looking Statements
The Company cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on our current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation that any of our plans will be achieved. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business.
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SOURCE Farmhouse, Inc. | https://www.wibw.com/prnewswire/2022/05/13/farmhouse-announces-partnership-with-urbana-feature-bored-ape-yacht-club-2186-strain/ | 2022-05-13T19:45:32Z |
NBC's "THE VOICE" ALUMNI JON MERO DEBUT ALBUM "KEEP IT REAL"
Published: Jul. 11, 2022 at 7:47 PM CDT|Updated: 28 minutes ago
ATLANTA, July 11, 2022/PRNewswire/ -- Season 13 "Voice" finalist Jon Mero has released his debut full-length project, "Keep It Real" on July 8, 2022. Mero, an artist, and musician known for his smooth soulful vocals and infectious energy signed to global music publisher Peer Music in 2019. The album is a 13-track pop/soul revival that loudly promotes individuality, inclusivity, and love. It boasts high-energy beats and arrangements, as well as heart touching and emotional ballads. It's an album for the ages that offers messages of hope, uplifting anthems, and inspirational pieces of musical artwork for your ears!
The album was beautifully written and produced by multi-million streamed songwriter/producer Andrew Simple and LÒNIS, the acclaimed writing/production duo of singer-songwriter & producer Jennifer Hanson and GRAMMY award-winning mixer & engineer/producer/multi-instrumentalist Nick Brophy. Both Simple and LÒNIS have worked with and written songs for some of the industry's biggest names including Kelly Clarkson, Aloe Blacc, The Rolling Stones, Carly Simon, Donovan, BJ The Chicago Kid, Taylor Swift, Jason Aldean and Avril Lavigne to name a few.
Jon's music has been featured in various TV shows such as MTV: Ghosted, ABC's Station 19 and national commercials for Target, Dicks and IHG Hotels among others.
TRACKLIST: Yes It Do / Just Got Better / We're Gettin' Back / Easy Like That / Home To You / Keep It Real / When It Gets to Me / Do Your Thang / Keep Keepin' On / Just Watch / Busy / Time Is Now / When We Rise
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.wibw.com/prnewswire/2022/07/12/nbcs-voice-alumni-jon-mero-debut-album-keep-it-real/ | 2022-07-12T01:16:09Z |
PURCHASE, N.Y., April 11, 2022 /PRNewswire/ -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare" or the "Company") announced today the date for the release of its first quarter 2022 financial results and its presentation at an upcoming investor conference.
First Quarter 2022 Results
Townsquare will release first quarter 2022 financial results before the market opens on Tuesday, May 10, 2022. The Company will host a conference call to discuss certain first quarter 2022 financial results on Tuesday, May 10, 2022, at 8:00 a.m. Eastern Time.
The conference call dial-in number is 1-855-327-6837 (U.S. & Canada) or 1-631-891-4304 (International) and the confirmation code is 10018916. A live webcast of the conference call as well as the press release disclosing the Company's results will be available on the equity investor relations page of the Company's website at www.townsquaremedia.com.
A telephone replay of the conference call will be available through May 17, 2022. To access the replay, please dial 1-844-512-2921 (U.S. & Canada) or 1-412-317-6671 (International) and enter confirmation code 10018916. A web-based archive of the conference call will also be available on the equity investor relations page of the Company's website.
Upcoming Investor Conference
Bill Wilson, Chief Executive Officer, will present at NobleCon18 – Noble Capital Markets' Eighteenth Annual Investor Conference at the Hard Rock Hotel & Casino in Hollywood, Florida on Wednesday, April 20, 2022 at approximately 10:30am Eastern Time. Management will also be available for one-on-one and small group meetings with investors.
A high-definition, video webcast of the presentation will be available the following day on the equity investor relations section of Townsquare's website, and as part of a complete catalog of presentations available at Noble Capital Markets' Conference website at www.nobleconference.com and on ChannelChek at www.channelchek.com, the investor portal created by Noble. The webcast will be archived on Townsquare's website, the NobleCon website and on Channelchek.com for 90 days following the event.
About Townsquare Media, Inc.
Townsquare is a community-focused digital media and digital marketing solutions company with market leading local radio stations, principally focused outside the top 50 markets in the U.S. Our assets include a subscription digital marketing services business, Townsquare Interactive, providing website design, creation and hosting, search engine optimization, social media and online reputation management as well as other digital monthly services for approximately 26,800 SMBs; a robust digital advertising division, Townsquare Ignite, a powerful combination of a) an owned and operated portfolio of more than 330 local news and entertainment websites and mobile apps along with a network of leading national music and entertainment brands, collecting valuable first party data, and b) a proprietary digital programmatic advertising technology stack with an in-house demand and data management platform; and a portfolio of 321 local terrestrial radio stations in 67 U.S. markets strategically situated outside the Top 50 markets in the United States. Our portfolio includes local media brands such as WYRK.com, WJON.com and NJ101.5.com, and premier national music brands such as XXLmag.com, TasteofCountry.com, UltimateClassicRock.com, and Loudwire.com. For more information, please visit www.townsquaremedia.com, www.townsquareinteractive.com, and www.townsquareignite.com.
Investor Relations
Claire Yenicay
(203) 900-5555
investors@townsquaremedia.com
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SOURCE Townsquare Media, Inc. | https://www.mysuncoast.com/prnewswire/2022/04/11/townsquare-announces-conference-call-discuss-first-quarter-2022-results-presenting-an-upcoming-investor-conference/ | 2022-04-11T14:44:57Z |
A district court judge Monday could determine the fate of a reparations lawsuit filed by survivors and descendants of the 1921 Tulsa race massacre and whether the suit will go forward to trial.
The lawsuit was filed in March 2021 and looks to not only set the record straight on what took place between May 31 and June 1, 1921, but also create a special fund for survivors and descendants of the massacre that left at least 300 Black people dead and the once-booming neighborhood of Greenwood destroyed.
On top of that, attorneys for the plaintiffs are racing against the clock. Three of their clients are more than 100 years old -- Viola Fletcher and Lessie Benningfield Randle are both 107 and Hughes Van Ellis is the youngest at 101. This could be their last chance to get some semblance of justice.
Damario Solomon-Simmons, an attorney for the plaintiffs, told CNN he received a text message from Van Ellis -- also known as Uncle Red -- which read:
"News flash, communicating with any of the other attorneys" -- talking about the defendants -- "Please let them know that they're trying to wait out the three survivors. We're not going anywhere with three exclamation points."
Judge Caroline Wall's decision on the future of the case, which has been 100 years in the making, will ultimately hold America accountable for a previous injustice and could lay the groundwork for similar cases in the future, Solomon-Simmons said.
"I just cannot wait to stand in front of Judge Caroline Wall and explain to her, very clearly why, (with) the facts and the law are on our side, we should be able to move forward," Solomon-Simmons said. "We're not asking her nor is she required to decide if we win our case or not. All we're asking for is the opportunity to move forward along this case, so we can prove what we've said we can prove."
Monday's hearing is expected to last hours, he said.
Lawsuit names 7 defendants
The lawsuit names 11 plaintiffs, including survivors and relatives of survivors. Seven total defendants are named, including the city of Tulsa, Oklahoma Military Department and the Tulsa Development Authority.
Six months after the lawsuit was initially filed, some defendants in the case, including the Board of County Commissioners and Tulsa Metropolitan Area Planning Commission, filed motions to dismiss. The defendants' oppositions included arguments that the case lacks standing because some plaintiffs have not proven they suffered concrete personal injury and that their alleged injuries could not be remedied by the court. A hearing was held in September, but no decision was made at the time.
A judge gave the plaintiffs until January 31 to present new arguments and gave the defendants until March to respond, Solomon-Simmons said. CNN has reached out to the defendants for comment.
"We asked her for another hearing day because mother (Viola) Fletcher turns 108 on May 10, and we asked Judge Wall and ... we said 'look, this issue needs to be resolved before this lady turns 108 years old.' And that's why she granted that hearing," he said.
The lawsuit is also looking to officially declare that the actions of that day and the century that followed "created a public nuisance" for the plaintiffs and their descendants as defined by Oklahoma law.
"We're confident we'll be able to prove that. We're confident that if we go through discovery, we'll gather evidence that we'll show that, but we need the opportunity to do that," Solfanelli said.
The next steps after Monday's hearing -- should it go forward -- would be the discovery stage or the gathering of more evidence, both attorneys told CNN.
"And that's why this is so important. There's so much we don't know about the massacre. There's so much, we don't know about the ongoing harm," Solomon-Simmons said.
Race massacre's effects linger 100 years later
There have been efforts in recent years to raise awareness about the massacre.
The 2018 news that victims' bodies might have been found, along with plot lines from two popular TV shows -- HBO's "Lovecraft Country" and "Watchmen" -- helped to invigorate interest in this dark period of American history. (CNN and HBO have the same parent company.)
Many of the details about what happened that spring have been lost to time, though.
What is known is that Tulsa at the time had something most cities did not: The Greenwood District was a thriving Black hub of commerce, home to multiple millionaires and about 300 Black-owned businesses. It is colloquially known as Black Wall Street.
The events leading up to the massacre began on May 30, 1921, when Dick Rowland, a 19-year-old Black shoe shiner, ran from an elevator in a downtown building after the elevator's teen operator let out a scream. Rumors of a rape then circulated, Rowland was arrested, and White Tulsans formed a lynch mob.
Black Tulsans arrived at the jail to defend Rowland, scuffles ensued, a gun went off, and as then-Sheriff William McCullough told Literary Digest, "All hell broke loose."
The mob laid waste to about 35 blocks within 16 hours, arresting thousands of Black residents, while robbing, beating and killing others. Historic photos show entire blocks gutted by flame and Black people lying in the street.
Exacerbating matters were insurance companies that denied many claims for what today would be tens of millions of dollars in property damage, including the destruction of two Black hospitals and 1,256 residences, according to the Greenwood Cultural Center.
"There is still no hospital in north Tulsa to today. So that's 101 years that that hospital has never been rebuilt," Solfanelli said. "When you think about the generational wealth that was lost when Greenwood was lost, then I think people can step back and say, wait a minute, imagine if that happened to my great-grandparents."
Solomon-Simmons told CNN what makes Greenwood special isn't its destruction, Black communities have endured similar events throughout history.
"It's special because of the size and scope of the destruction. It's special because we have so much documentation, we have actual video, we have hundreds of pictures, we have hundreds of insurance claims that were not paid, and we have three living survivors," he said. "If Black people can't win this, how can we win?"
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/hearing-today-may-be-the-last-chance-for-tulsa-race-massacres-survivors-to-get-justice/article_7cd759be-070a-5c53-87b7-885d3c7818db.html | 2022-05-02T15:01:06Z |
Hear the story of a Black community's movement to stop a crude oil pipeline to protect their health, land, and drinking water
CHARLOTTESVILLE, Va., July 1, 2022 /PRNewswire/ -- Today the Southern Environmental Law Center (SELC) launched the latest season of its popular podcast Broken Ground. The new season digs into the story of how a Black community in southwest Memphis and its allies came together, beat the odds, and defeated a crude oil pipeline.
This season, Broken Ground heads to Boxtown, Tennessee, a Black neighborhood tucked in a bend of the Mississippi River with a rich history, whose residents cherish their deep ties to the land. Here, neighbors brought together people young and old, and hailing from all corners of the city and beyond, to fight the environmental injustices and threats to their quality of life posed by the controversial Byhalia Pipeline. The proposed 49-mile project would have cut through Black neighborhoods in southwest Memphis, including Boxtown, to transport crude oil for export and crossed over the city's drinking water source in the process. Project proponents described this route as the "point of least resistance."
"To say these powerful companies underestimated the power of people is an understatement—they could not have been more wrong," said Amanda Garcia, SELC's Director of the Tennessee Office. "As a fellow Tennessean, it was amazing to witness the strength of community to achieve a monumental win for environmental justice in the South."
In the fifth season of the podcast, we turn the microphone over to hear first-hand accounts of how a small group of concerned neighbors brought together a coalition strong enough to force two major oil companies, who'd already started legal proceedings to take their land, to pull the plug on their pipeline project. The season release coincides with the one-year anniversary of the cancellation announcement on July 2, 2021.
Environmental journalist and educator Leanna First-Arai hosts the new season, joining longtime Broken Ground team member and new Executive Producer Emily Richardson-Lorente. While living in Memphis, First-Arai reported and wrote some of the earliest stories on the Byhalia Pipeline. The crude oil project initially caught her attention when, at an early public meeting hosted by the pipeline developers, opposition from concerned residents was met with the recommendation that they resign themselves to the fact it was coming.
Instead, southwest Memphis residents and many others pushed back, asking why an area already bearing the brunt of intense industrial pollution should welcome yet another harmful project. Through their stories, this season of Broken Ground shines a light on the people who were the powerful catalysts for an environmental justice victory that defied the odds.
"I hope everyone listening to the incredible story being told this season on Broken Ground can take away inspiration and remember that, by working together, we can create real change to stop environmental injustices across the South and beyond," said Chandra Taylor-Sawyer, SELC's Leader of the Environmental Justice Initiative.
Broken Ground now contains five seasons for listeners to stream. Each episode of the podcast focuses on sharing the environmental stories and voices in the South that don't often get the attention they deserve. From leaders of the environmental justice movement to Southerners along the coast navigating sea level rise and higher tides, previous seasons provide a powerful perspective on the ways environmental destruction collides with underlying inequities and the solutions Southerners are seeking.
The latest season of Broken Ground can be found on Apple Podcasts, Spotify, or wherever listeners get their podcasts.
In 2021, Broken Ground was nominated for an iHeart Radio Award for Best Green podcast and The New York Times called it "an environmental 'This American Life' for the South."
The Southern Environmental Law Center is one of the nation's most powerful defenders of the environment, rooted in the South. With a long track record, SELC takes on the toughest environmental challenges in court, in government, and in our communities to protect our region's air, water, climate, wildlife, lands, and people. Nonprofit and nonpartisan, the organization has a staff of 210, including 100 attorneys, and is headquartered in Charlottesville, Va., with offices in Asheville, Atlanta, Birmingham, Chapel Hill, Charleston, Nashville, Richmond, and Washington, D.C. southernenvironment.org
Broken Ground is a podcast by the Southern Environmental Law Center digging up environmental stories in the South that don't often get the attention they deserve, and giving a voice to the people bringing those stories to light. https://BrokenGroundPodcast.org
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SOURCE Southern Environmental Law Center | https://www.mysuncoast.com/prnewswire/2022/07/01/broken-ground-podcast-launches-new-season-how-memphians-defeated-pipeline/ | 2022-07-01T13:16:31Z |
ATLANTA, July 27, 2022 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended June 30, 2022. Marine Products is a leading manufacturer of fiberglass boats under the brand names of Chaparral and Robalo. Chaparral's sterndrive models include SSi and SSX, along with the Chaparral Surf Series. Chaparral's outboard offerings include OSX Luxury Sportboats, and SSi and SSX outboard models. Robalo builds an array of outboard sport fishing boats, which include center consoles, dual consoles and Cayman Bay Boat models.
For the quarter ended June 30, 2022, Marine Products generated net sales of $95.8 million, a 42 percent increase compared to $67.3 million in the same period of the prior year. The increase in net sales was primarily due to a 22 percent increase in the average selling price per boat and a 15 percent increase in the number of boats sold. The increase in units sold during the second quarter as compared to the prior year was primarily due to higher production and increased shipments of boats in the current year compared to the second quarter of the prior year. The results in the second quarter of the prior year were also negatively impacted by a brief production shutdown due to supply chain issues. Average selling prices increased primarily due to model price increases to cover increased costs of materials and components and a favorable model mix.
Gross profit for the second quarter of 2022 was $23.0 million compared to $14.6 million in the second quarter of the prior year. Gross margin as a percentage of net sales increased to 24 percent in the second quarter of 2022 compared to 22 percent in the second quarter of 2021. Gross margin as a percentage of net sales improved due primarily to a favorable model mix.
Operating profit for the second quarter of 2022 was $13.1 million, an increase of 77 percent compared to operating profit of $7.4 million in the second quarter of last year. Selling, general and administrative expenses were $9.9 million in the second quarter of 2022 compared to $7.2 million in the second quarter of 2021. These expenses increased due to costs that increase with higher sales and profitability, such as incentive compensation, sales commissions and warranty expenses. Selling, general and administrative expenses were 10 percent of net sales in the second quarter of 2022 compared to 11 percent of net sales during the second quarter of 2021. Net income for the second quarter of 2022 was $10.0 million, an increase of 72 percent compared to net income of $5.8 million in the second quarter of 2021. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the second quarter of 2022 was $13.6 million, an increase of $5.8 million or 74 percent, compared to the second quarter of 2021.1
Diluted earnings per share in the second quarter of 2022 were $0.29, an increase of 71 percent compared to $0.17 in the second quarter of the prior year. The effective tax rate for the second quarter of 2022 was 24.0 percent, an increase compared to an effective tax rate of 21.4 percent for the second quarter of the prior year.
Net sales for the six months ended June 30, 2022 were $172.4 million, an increase of 18 percent compared to the first six months of 2021. Net income for the six-month period was $17.0 million or $0.50 diluted earnings per share, compared to net income of $13.9 million or $0.41 diluted earnings per share in the comparable prior year period.
"Our manufacturing facility operated throughout the second quarter of 2022 as we worked to satisfy continued high dealer and consumer demand during the height of the retail selling season," stated Ben M. Palmer, Marine Products' President and Chief Executive Officer. "We continue to work toward more timely receipts of short components from our suppliers and overcome boat delivery transportation challenges. Although some of our supply chain issues have improved, we are still being impacted by sporadic and unexpected shortages of critical components. These delays continue to impact our ability to meet demand and lead to higher-than-normal inventory levels of substantially completed boats that could not be shipped to dealers.
"We are closely monitoring retail demand indications as consumers assess rising interest rates and the near-term prospect of a recession. We will conduct an in-person dealer conference during the third quarter and we are eager to hear our dealers' assessments of demand in their markets as well as display our models for the 2023 model year. Our dealer inventories remain at historic lows and consumer demand continues to exceed our industry's capacity to meet that demand. For these reasons, we believe any slowdown in consumer demand will not impact our near-term results; therefore, we continue to focus on maximizing unit production and quality," concluded Palmer.
Marine Products Corporation will hold a conference call today, July 27, 2022, at 8:00 a.m. Eastern Time to discuss the results for the quarter. Interested parties may listen in by accessing a live webcast in the investor relations section of Marine Products' website at marineproductscorp.com. Additionally, the live conference call can be accessed by calling (888) 660-6357 or (929) 201-6127 for international callers and using conference ID number 9979064. A replay will be available in the investor relations section of Marine Products' website beginning approximately two hours after the call.
Marine Products Corporation (NYSE: MPX) designs, manufactures and distributes premium-branded Chaparral sterndrive and outboard pleasure boats, and Robalo outboard sport fishing boats. The Company continues to diversify its product lines through product innovation. With premium brands, a solid capital structure, and a strong independent dealer network, Marine Products Corporation is prepared to capitalize on opportunities to increase its market share and to generate superior financial performance to build long-term shareholder value. For more information on Marine Products Corporation visit our website at MarineProductsCorp.com.
Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements that look forward in time or express management's beliefs, expectations or hopes. In particular, such statements include, without limitation, the statements that (i) we continue to work to receive more timely receipts of short components from our suppliers and overcome boat delivery transportation challenges, (ii) although some of our supply chain issues have improved but, we are still being impacted by sporadic and unexpected shortages of critical components, (iii) such delays continue to impact our ability to meet demand and lead to higher-than-normal inventory levels of substantially completed boats that could not be shipped to dealers, (iv) we are closely monitoring retail demand indications as consumers assess rising interest rates and the near-term prospect of a recession, (v) we will conduct an in-person dealer conference during the third quarter and we are eager to hear our dealers' assessments of demand in their markets as well as display our models for the 2023 model year, and (vi) dealer inventories remain at historic lows and consumer demand continues to exceed our industry's capacity to meet that demand, and (vii) we believe any slowdown in consumer demand will not impact our near-term results; therefore, we continue to focus on maximizing unit production and quality. Additional discussion of factors that could cause the actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in Marine Products' Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission (the "SEC") for the year ended December 31, 2021.
For information about Marine Products Corporation or this event, please contact:
Michael L. Schmit
Chief Financial Officer
(404) 321-7910
irdept@marineproductscorp.com
Jim Landers
Vice President Corporate Services
(404) 321-2162
jlanders@marineproductscorp.com
Appendix A
Marine Products Corporation has used the non-GAAP financial measure of earnings before interest, taxes, depreciation and amortization (EBITDA) in today's earnings release, and anticipates using EBITDA in today's earnings conference call. EBITDA should not be considered in isolation or as a substitute for operating income, net income or other performance measures prepared in accordance with GAAP.
Marine Products Corporation uses EBITDA as a measure of operating performance because it allows us to compare performance consistently over various periods without regard to changes in our capital structure.
A non-GAAP financial measure is a numerical measure of financial performance, financial position, or cash flows that either 1) excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of operations, balance sheet or statement of cash flows, or 2) includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. Set forth below is a reconciliation of EBITDA with Net Income, the most comparable GAAP measure. This reconciliation also appears on Marine Products Corporation's investor website, which can be found on the Internet at marineproductscorp.com.
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SOURCE Marine Products Corporation | https://www.wibw.com/prnewswire/2022/07/27/marine-products-corporation-reports-second-quarter-2022-financial-results/ | 2022-07-27T11:00:33Z |
BRUSSELS (AP) — The European Union sued Britain on Wednesday over its move to rewrite the trade rules agreed to when the country exited bloc two years ago, ratcheting up tensions between the major economic partners.
Earlier this week, British Prime Minister Boris Johnson’s government proposed legislation that would remove customs checks on some goods entering Northern Ireland from the rest of the U.K. Those checks were imposed as part of a hard-fought compromise when Britain left the EU and its borderless free-trade zone — but have caused both economic and political problems in Northern Ireland, where some say they undermine the region’s place in the United Kingdom.
The EU has decried Britain’s effort to rip up part of the deal.
“Let’s call a spade a spade: This is illegal,” European Commission Vice President Maroš Šefčovič told a news conference in Brussels on Wednesday.
The EU’s decision to pursue legal action raises the possibility that either or both sides could impose punishing tariffs on the other. Šefčovič refused to rule out such a move Wednesday. But the prospect of trade war still seemed a distant possibility since both would suffer and have said they want to find a solution outside of the courts.
According to the latest EU figures, the 27-nation bloc is the U.K.’s biggest trading partner, while the U.K. is the EU’s third-biggest trading after the U.S. and China.
At the heart of the dispute — and the whole reason a compromise was needed in the first place — are concerns about stability in Northern Ireland, which is the only part of the U.K. that shares a border with an EU country, namely Ireland. The checks were imposed in order to keep that border open because that is a key pillar of the peace process that ended decades of violence in Northern Ireland.
But British unionists in Northern Ireland say the new checks have put a burden on businesses and frayed the bonds between the region and the rest of the U.K. The rules have also led to a political crisis in Northern Ireland, where the main unionist party blocked the formation of a new power-sharing government in Belfast, saying it won’t take part until the Brexit trade rules are scrapped.
Šefčovič, the EU commission official, said he’s willing to keep talks going with the U.K. — but insisted solutions should be found within the original agreement, called the Northern Ireland Protocol.
The British government called the EU’s move “disappointing.”
“The U.K.’s preference remains for a negotiated solution but the proposals set out by the EU today are the same proposals we have been discussing for months,” it said.
It added that it had to act because the protocol was undermining Northern Ireland’s peace accord by “disrupting trade and leading to people in Northern Ireland being treated differently to the rest of the U.K.”
While there are serious disagreements between the two sides, the events of this week also reflect maneuvering as each tries to wrangle the best deal from the other.
The legislation the British government proposed will take months to wind its way through Parliament, and officials appear to be hoping they will get a new deal with the EU in the meantime.
That seems unlikely. Officials in the EU and member country governments are incensed at what they see as the U.K.’s intention to break international law. Johnson’s government insists its unilateral move is lawful, but many lawyers and lawmakers — including some in his governing Conservative Party — disagree.
The so-called infringement procedure that the EU renewed Wednesday likewise will take months to unfold. The action was originally launched against the U.K. government last year but was put on hold in as both parties tried to find a solution.
The EU says it reopened the case out of frustration with those talks. The EU Commission added that if the British government does not reply within two months, it will consider taking the U.K. to the European Court of Justice.
“There have been only new and new demands coming from the U.K. government,” Šefčovič said.
The EU also opened two other legal actions that accuse the U.K. of ignoring two other parts of the post-Brexit agreement.
The U.K. government said its proposed measures ease the burden on businesses and customers, including by reducing paperwork for goods coming from Britain into Northern Ireland and that are staying there. Goods continuing on to Ireland or elsewhere in the EU would continue to be checked at Northern Ireland ports.
Šefčovič said the EU would flesh out proposals made previously for facilitating the movement of goods from Britain to Northern Ireland while drastically reducing paperwork. But the EU worries lax border checks are letting smuggled goods enter Ireland, a threat to the bloc’s borderless single market.
___
Lawless reported from London. | https://cw33.com/business/ap-business/eu-launches-legal-action-against-uk-over-post-brexit-changes/ | 2022-06-15T15:52:54Z |
Development program for VLX-1005, a novel small molecule 12-LOX inhibitor, awarded Fast Track designation by US Food and Drug Administration
FREDERICK, Md., June 13, 2022 /PRNewswire/ -- Veralox Therapeutics, a biotechnology company developing first-in-class small molecule therapeutics that treat serious immuno-inflammatory diseases with significant unmet medical needs, today announced favorable results from the Company's Phase 1 clinical program for VLX-1005, a novel 12-LOX inhibitor being developed for the treatment and prevention of heparin-induced thrombocytopenia and thrombosis (HIT). Veralox also announced that VLX-1005 has been awarded Fast Track Designation by the U.S. Food and Drug Administration (FDA).
"Completion of our Phase 1 study for VLX-1005 together with announcement of Fast Track Designation for this program represent important milestones that reflect the new levels of momentum we are achieving with our clinical strategy at Veralox," said Michael Hanna, Chief Medical Officer at Veralox. "We look forward to continuing our development of VLX-1005 to address the underlying pathology of HIT, a disease that has not seen innovation in available therapies in over 20 years."
Veralox completed a Phase 1a study consisting of a single ascending dose (SAD) portion and a multiple ascending dose (MAD) portion that was designed to assess the safety, tolerability, pharmacokinetics (PK) and pharmacodynamics of VLX-1005. In this study VLX-1005 was found to be well tolerated with no reports of serious adverse events (SAEs), dose-limiting toxicities (DLTs) or discontinuations; adverse events (AEs) were infrequent and mild. Data analyses revealed dose linear increases in key PK metrics approaching dose proportionality with no upper limits on tolerability to the maximum dose tested.
Veralox also completed a Phase 1b drug-drug interaction (DDI) study of VLX-1005 in conjunction with argatroban, an anticoagulant that is approved for the treatment of HIT in the U.S. This study was designed to evaluate the effects of coadministration of VLX-1005 and argatroban on subject safety and on a range of exploratory biomarkers. The study showed that co-administration of VLX-1005 with argatroban was well tolerated with no SAEs; AEs were infrequent and mild. Preliminary analysis of the PK and PD (as measured by APTT) data revealed no evidence of DDI.
The FDA granted Fast Track designation for the VLX-1005 program on May 27, 2022, following an End-of-Phase 1 meeting with the Agency. The company will use the results of the successful Phase 1 studies as well as the standards inherent in Fast Track designation and previously announced Orphan Drug designation to finalize the design of the planned Phase 2 clinical program for VLX-1005 in HIT.
VERALOX Therapeutics Inc. (https://veralox.com/) is the clinical leader in developing first-in-class therapeutics targeting 12-lipoxygenase, pioneering a new class of therapies that treat the underlying pathologies of serious immune-inflammatory diseases with unmet medical needs. The company's lead candidate, VLX-1005, is in development for the treatment of patients with heparin-induced thrombocytopenia (HIT). Second generation therapeutic products are under development for type 1 diabetes and other immune-mediated and inflammatory diseases.
Media contact:
Bill Berry
Berry & Company Public Relations
212 253 8881
bberry@berrypr.com
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SOURCE Veralox Therapeutics | https://www.mysuncoast.com/prnewswire/2022/06/13/veralox-therapeutics-announces-favorable-results-phase-1-studies-vlx-1005-development-treatment-heparin-induced-thrombocytopenia/ | 2022-06-13T13:04:12Z |
PURINA PRO PLAN SPONSORED CONTENT — Inside DFW got the pleasure of speaking with the youngest woman to ever win an Olympic gold medal in the sport of snowboarding. That’s right, we sat down with Chloe Kim who captured that feat at just 17-years-old.
Kim is not only one of the biggest stars from the 2022 Winter Olympics after winning a gold medal in snowboarding, but she’s arguably the greatest female snowboarder of all time.
She’s garnered two gold medals and has the potential to compete in many more Olympic games. Aside of her athletic side, Kim is a pet-lover who is teaming up with Purina to kick off the Pro Plan Million Mile Challenge.
Which is a campaign to inspire people to get active with their pets. Kim spoke on that and her accolades as a snowboarder on Inside DFW. Thanks to Purina Pro Plan for sponsoring this segment. | https://cw33.com/news/inside-dfw/inside-look-at-gold-medalist-snowboarder-chloe-kims-success-and-getting-active-with-your-pets/ | 2022-05-19T20:16:53Z |
SUMMIT, N.J., June 3, 2022 /PRNewswire/ -- ECP has entered into a definitive agreement to sell Sendero Midstream Partners, LP ("Sendero") to Crestwood Midstream Partners LP, an affiliate of Crestwood Equity Partners LP (NYSE: CEQP) (collectively, "Crestwood") for an enterprise value cash purchase price of $600 million, plus/minus adjustments for working capital.
Sendero is a premier gas gathering and processing business located in Eddy County, New Mexico, one of the most actively developed counties in the Permian Basin. Through ECP's ownership, Sendero has developed 350 MMcf/d of gas processing capacity and 140 miles of natural gas pipelines.
"I would like thank the entire Sendero team for their unwavering commitment to developing a first-class gathering and processing system in the Permian Basin and for repositioning the business for growth and success coming out of the 2020 downturn," said Pete Labbat, Managing Partner at ECP. "We are excited for Sendero to partner with Crestwood, a premier midstream operator, and are confident that the company will benefit from Crestwood's strong track record."
"We are proud of our partnership with ECP, one of the leaders in the energy infrastructure space, and appreciate the team's engagement and support in growing the business into what it is today," said Joe Griffin, Chief Executive Officer of Sendero. "I would like to thank all of our incredibly hard-working Sendero employees and I am grateful to have worked with such a special group."
The transaction, which is subject to clearance under the Hart-Scott-Rodino Act and other customary closing conditions, is expected to close in July 2022.
About Sendero Midstream
Sendero Midstream is a private energy company that provides full-service, innovative midstream solutions throughout the Northern Delaware Basin. Sendero currently operates two cryogenic processing plants with a combined capacity of 350 MMcf/d and associated gathering and compression facilities in the Northern Delaware Basin in Eddy County, New Mexico.
About ECP
ECP, founded in 2005, is a leading investor across energy transition, electrification and decarbonization infrastructure assets, including power generation, renewables and storage solutions, environmental infrastructure and efficiency & reliability assets facilitating the energy transition. The ECP team, comprised of 61 people with 500 years of collective industry experience, deep expertise and extensive relationships, has consummated more than 60 transactions over the last 10 years, representing more than $45 billion of enterprise value. For more information, visit www.ecpgp.com.
Contact:
Jonathan Keehner / Woomi Yun / Kara Brickman
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
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SOURCE ECP | https://www.wibw.com/prnewswire/2022/06/03/ecp-announces-sale-sendero-midstream-crestwood-midstream-partners/ | 2022-06-03T21:31:38Z |
PITTSBURGH, April 11, 2022 /PRNewswire/ -- "Door handles are touched by everyone and contain a lot of germs," said the inventor from Henderson, Nev. "I thought of this idea to break the chain of spreading germs on any type of door handle."
She created the AUTO CLEAN to help protect users from COVID-19, colds, flus, and other infectious diseases. This device enhances the safety of individuals as well as provides peace of mind when in a home, business, hotel, casino, or medical facility. Additionally, this could provide a means to protect the home from a multitude of diseases and is simple and easy to install.
The original design was submitted to the Las Vegas sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-LGT-130, 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/2022/04/11/inventhelp-presents-automatic-door-handles-cleaner-lgt-130/ | 2022-04-11T15:37:08Z |
CARY, N.C., Aug. 16, 2022 /PRNewswire/ -- Fathom Holdings Inc. (Nasdaq: FTHM), a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings for brokerages and agents, today announced the appointment of Scott Flanders to its board of directors. He will serve as Chair of Fathom's Compensation Committee. Flanders succeeds Jeffrey Coats, who left the board to pursue other business interests.
Flanders has served in executive management positions of several high-profile public companies and is a current Fathom Holdings investor. Most recently, Flanders was Chief Executive Officer and a board member at eHealth, Inc., an online marketplace for health insurance.
Flanders is a Certified Public Accountant who began his career at Price Waterhouse Coopers as a tax and business consultant. He currently serves on several company boards. Flanders earned a B.A. degree in economics from the University of Colorado and a J.D. from Indiana University.
"We are thrilled to welcome Scott to our board. His background is impeccable, and his significant business expertise and acumen will serve us well as we continue to redefine and disrupt the residential real estate market," said Fathom Chairman and CEO Joshua Harley. "We thank Jeff for his contributions to our Company and wish him well in his future endeavors."
"As a Fathom shareholder, I am honored and enthusiastic about serving the Company as a board member," said Flanders. "I believe that Fathom is transforming the residential brokerage sector, and I look forward to contributing to its continued growth."
About Fathom Holdings Inc.
Fathom Holdings Inc. is a national, technology-driven, real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings to brokerages and agents by leveraging its proprietary cloud-based software, intelliAgent. The Company's brands include Fathom Realty, Dagley Insurance, Encompass Lending, intelliAgent, LiveBy, Real Results, and Verus Title. For more information, visit www.FathomInc.com.
Cautionary Note Concerning Forward-Looking Statements
This press release contains "forward-looking statements," including, but not limited to, Fathom's ability to redefine and disrupt the residential real estate market, and its ability to continue growing. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including: risks associated with the Company's ability to continue achieving significant growth; risks associated with general economic conditions, including rising interest rates; its ability to continue its growth trajectory while achieving strong profits over time; its ability to generate positive operational cash flow; its ability to demonstrate sustainable profitability; and others set forth in the Risk Factors section of the Company's most recent Form 10-K as filed with the SEC and supplemented from time to time in other Company filings made with the SEC. Copies of Fathom's Form 10-K and other SEC filings are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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SOURCE Fathom Realty | https://www.mysuncoast.com/prnewswire/2022/08/16/fathom-holdings-appoints-scott-flanders-board-directors/ | 2022-08-16T21:03:36Z |
New role enhances M&A activity and organic growth initiatives
ATCHISON, Kan., July 6, 2022 /PRNewswire/ -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading supplier of distilled spirits, branded spirits and food ingredient solutions, has named Sean Wirtz to the newly created position of Director of Business Development and Integration.
Wirtz joins the company from KPMG LLP, where he most recently served as an advisory director providing strategic accounting advice on technical topics, business acquisitions, financial reporting, capital markets readiness, and support for SEC filings.
"MGP continues to actively seek acquisition and organic growth opportunities that will support and enhance our influence in branded spirits and plant-based proteins," said David Bratcher, president and Chief Operating Officer. "Sean's role will be critical to identifying and integrating opportunities that align with our long-term strategic plan while optimizing value for all our stakeholders."
Wirtz additionally will collaborate with the company's finance and IT departments to facilitate finance system integration, implementation and improvement following mergers and acquisitions.
At KPMG, Wirtz also served as an audit manager for clients in the manufacturing and consumer food and drink industries.
"As our former audit manager, Sean is intimately familiar with our business, which provides a solid background for his new role. We welcome his experience and expertise," said Brandon Gall, vice president of finance and CFO.
Wirtz joined KPMG in Kansas City, Mo., in 2013 after receiving his Bachelor of Science Business Administration and Master of Accountancy degrees from the University of Missouri-Columbia. He is a Certified Public Accountant.
MGP Ingredients, Inc. (Nasdaq: MGPI) is a leading producer of premium distilled spirits, branded spirits, and food ingredient solutions. Since 1941, we have combined our expertise and energy aimed at formulating excellence, bringing product ideas to life collaboratively with our customers.
As one of the largest distillers in the U.S., MGP's offerings include bourbon and rye whiskeys, gins, and vodkas, which are created at the intersection of science and imagination, for customers of all sizes, from crafts to multinational brands. With U.S. distilleries in Kentucky, Indiana, Kansas, and Washington D.C., and bottling operations in Missouri, Ohio, and Northern Ireland, MGP has the infrastructure and expertise to create on any scale.
MGP's branded spirits portfolio covers a wide spectrum of brands in every segment, including iconic brands from Luxco, which was founded in 1958 by the Lux Family. Luxco is a leading producer, supplier, importer and bottler of beverage alcohol products. Our branded spirits mission is to meet the needs and exceed the expectations of consumers, associates and business partners. Luxco's award-winning spirits portfolio includes well-known brands from five distilleries: Bardstown, Kentucky-based Lux Row Distillers, home of Ezra Brooks, Rebel, Blood Oath, David Nicholson and Daviess County; Lebanon, Kentucky-based Limestone Branch Distillery, maker of Yellowstone Kentucky Straight Bourbon Whiskey, Minor Case Straight Rye Whiskey and Bowling & Burch Gin; Jalisco, Mexico-based Destiladora González Lux, producer of 100% agave tequilas, El Mayor, Exotico and Dos Primos; MGP's historic distillery in Lawrenceburg, Indiana, where the George Remus Straight Bourbon Whiskey and Rossville Union Straight Rye Whiskey are produced; and the Washington, D.C.-based Green Hat Distillery, producer of the Green Hat family of gins. The innovative and high-quality brand portfolio also includes Everclear Grain Alcohol, Pearl Vodka, Saint Brendan's Irish Cream, The Quiet Man Irish Whiskey and other well-recognized brands.
In addition, our Ingredient Solutions segment offers specialty proteins and starches that help customers harness the power of plants and provide a host of functional, nutritional and sensory benefits for a wide range of food products.
The transformation of American grain into something more is in the soul of our people, products, and history. We're devoted to unlocking the creative potential of this extraordinary resource. For more information, visit mgpingredients.com.
Media Contact:
Patrick Barry, 314.540.3865, patrick@byrnepr.net
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SOURCE MGP Ingredients, Inc. | https://www.kxii.com/prnewswire/2022/07/06/mgp-names-sean-wirtz-director-business-development-integration/ | 2022-07-06T16:34:37Z |
TRONDHEIM, Norway, June 30, 2022 /PRNewswire/ -- Lundin Energy's E&P business was transferred to Aker BP on 30 June. "Our ambition is to create the world's best oil and gas company with low costs, low emissions, profitable growth and attractive dividends. We will also play an important role in the global energy transition," says Aker BP CEO, Karl Johnny Hersvik.
The merged company is the second largest operating company on the Norwegian continental shelf (NCS). The company has a substantial resource base which provides a very good foundation for further growth and leads the way in terms of both low costs and low emissions per barrel.
"In 2016, Aker ASA worked in tandem with bp to merge Det Norske and BP Norge into Aker BP. The ambition back then was to create the leading exploration and production company offshore. Now we're taking another big step, in cooperation with the Lundin family. Together, we will work to develop Aker BP into the oil and gas company of the future. We will lead the way when it comes to low costs, low carbon, profitable growth and attractive dividends. We will also take the lead to bring about fundamental improvements, such as through digitalisation," says chair of Aker BP's board, Øyvind Eriksen.
The best team
Aker BP is uniquely positioned for profitable growth. The company will operate or participate as a partner in most of the major field developments on the NCS in the next few years, with NOAKA, a new central platform on Valhall, the King Lear tie-back to Valhall, Wisting and Skarv satellites as the largest projects. Overall, Aker BP plans to invest more than NOK 150 billion in development projects in the period up to 2030. During the same period, the company will drill around 180 new wells and carry out an exciting exploration programme. All this will contribute to significant production growth in the years ahead.
"The leading company needs to have the leading team. With the merger of Aker BP and Lundin, I'm confident that we have the best team on the Norwegian shelf. But we're going to need even more people to join in and help us create the E&P company of the future," says Karl Johnny Hersvik.
Will give more back to society
The development projects, the exploration activity and operation of our six production hubs create significant positive ripple effects for the supplier industry, along with tens of thousands of jobs with highly competent companies across the country.
"These are the same companies that will further develop the knowledge and expertise needed to deliver on renewable projects," says Hersvik.
He points out that the energy transition is the largest and most important strategic challenge the industry has ever faced.
"The world needs more energy which is sustainable, affordable and reliable. Aker BP is already today among the oil and gas companies in the world with the lowest CO2 intensity. We are progressing according to plan to achieve our targets to reduce our emissions by 50 percent by 2030, and plan to neutralise the remaining emissions," says Hersvik.
"In addition to reducing emissions, the oil and gas resources must be managed in a way that gives even more back to society," he adds.
That's why Aker BP has made a strong commitment to a wide range of digitalisation measures aimed at increasing productivity. At the same time, the company is working closely with its alliance partners to maximise value creation and reduce emissions. The company wants to lead the way in transforming the oil and gas industry.
"We want the industry to work together more closely, and to share more. We intend to build the foundation for new industries to emerge. We will reduce emissions from our activities. And we will bolster the profitability. Increased value creation gives the State and our owners capital that could be invested in new business and industry," says Hersvik.
Integration in three phases
The initial announcement of Aker BP's acquisition of Lundin Energy's E&P business was made on 21 December 2021.
The merger will be implemented in three stages:
- From 1 July this year, Lundin Energy Norway AS will operate as a fully owned subsidiary of Aker BP ASA. The subsidiary's name is changed to ABP Norway AS.
- From 1 October, all employees will be fully integrated into a single organization
- ABP Norway AS will then, according to the plan, be merged with Aker BP ASA as soon as it is practically feasible.
For more information about the merger, please visit www.akerbp.com.
CONTACT:
Investor contacts:
Kjetil Bakken, VP Investor Relations, tel.: +47 91 889 889
Jørgen Torstensen, IR Officer, tel.: +47 95 48 37 07
Media contacts:
Tore Langballe, VP Communications, tel.: +47 907 77 841
Ole-Johan Faret, Press Spokesman, tel.: +47 402 24 217
This information was brought to you by Cision http://news.cision.com
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SOURCE Aker BP ASA | https://www.mysuncoast.com/prnewswire/2022/06/30/merger-between-aker-bp-lundin-energys-eampp-business-completed/ | 2022-06-30T17:34:41Z |
Winter Weather Advisory issued April 14 at 2:16PM MDT until April 15 at 6:00AM MDT by NWS Pocatello ID
* WHAT…Snow. Additional snow accumulations of up to 4 inches,
except 4 to 6 inches on ridge tops and elevations above passes.
* WHERE…The Blackfoot Mountains, Big Holes, Bear River Range and
Caribou Range and the Marsh and Arbon Highlands. This includes
the cities of Emigration Summit, Grace, Soda Springs, Henry,
Bone, Wayan, Swan Valley, Victor, Inkom, McCammon and Lava Hot
Springs.
* WHEN…Until 6 AM MDT Friday.
* IMPACTS…Plan on slippery road conditions. The hazardous
conditions could impact the evening commute.
Slow down and use caution while traveling.
The latest road conditions can be obtained by calling 5 1 1. | https://localnews8.com/weather/alerts-weather/2022/04/14/winter-weather-advisory-issued-april-14-at-216pm-mdt-until-april-15-at-600am-mdt-by-nws-pocatello-id/ | 2022-04-14T21:02:47Z |
NEW YORK , June 30, 2022 /PRNewswire/ -- Today, Silknet, a leading Georgian telecommunications operator, and Billboard, the iconic American music brand and global authority in music charting, announce the launch of Billboard Georgia.
The new partnership is an important addition to Silknet's digital ecosystem and elevates Silknet's music-related content offerings to its subscribers. For Billboard, the new partnership marks an exciting new chapter in its evolution and highlights its continued expanding global footprint.
The Silknet-Billboard partnership is significant as it includes the establishment of the first official music charting system in Georgia, the Caucasus and the Central Asian region.
The introduction of Billboard to Georgia represents a critical milestone for the Georgian music sector. Billboard symbolizes the gold standard of music journalism, producing in-depth music coverage and the industry's definitive charts, encompassing the most complete and well-respected database of charts across all music genres.
To celebrate, Silknet will host a special event on July 2nd in Southampton, NY, in partnership with the Hamptons Jazz Festival and the historic Southampton Arts Center, recognizing the 30th anniversary of US-Georgia diplomatic relations. This event will host leading members of the American and Georgian business, cultural and diplomatic spheres as well as American Jazz legend Wynton Marsalis, who will perform a live concert together with the Jazz at Lincoln Center Orchestra.
"Silknet is developing a comprehensive and wide ranging-ecosystem of digital content in Georgia powered by its best in the market- telecommunication infrastructure. The Billboard-Silknet partnership will accelerate our plans to offer world-class music and entertainment content as well as music industry insights, news and original stories to our subscriber base and especially to Georgia's younger demographic. Billboard Georgia will also provide a powerful platform for young Georgian musical talent to reach a wider audience. I am thankful to Billboard for placing their trust in us.", commented George Ramishvili, Silknet's Chairman.
Billboard Georgia and Silknet will work closely with Billboard's global partners to provide greater opportunities, visibility and exposure for the Georgian musicians and showcase their talent on the world stage.
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SOURCE Silknet JSC | https://www.wibw.com/prnewswire/2022/06/30/silknet-billboard-deal-brings-music-charting-news-georgia/ | 2022-06-30T15:40:30Z |
Assets Increased 44% in First Half of 2022
WEST PALM BEACH, Fla., June 29, 2022 /PRNewswire/ -- SMArtX Advisory Solutions ("SMArtX"), a leading innovator in unified managed accounts (UMA) technology and architect of the SMArtX turnkey asset management platform ('TAMP'), today announced their assets under management ('AUM') reached $27.41 billion after adding $8.37 billion in the first half of 2022.
The first and second quarters of 2022 have seen a similar market situation to the first and second quarters of 2020, where volatility and uncertainty roiled markets. In both time frames, the conditions significantly tested legacy managed accounts investment technologies and SMArtX realized momentous AUM increases as firms looked for better technological solutions to handle the realities of today's market operations.
The volatile price movements in the overall markets, let alone individual names, has seen substantial gaps between order and execution prices when trading occurs on a delayed basis. SMArtX's technology is uniquely built to bring institutional solutions to the advisory marketplace by providing features such as continuous intra-day trading that minimizes the time between order and execution to effectively manage a volatile market, setting SMArtX apart from traditional TAMPs and legacy managed accounts technology providers.
"The inability to effectively execute in a timely manner equates to an illiquid position, resulting in execution prices that are significantly different to when the decision was made to buy or sell the position," said Evan Rapoport, CEO of SMArtX Advisory Solutions. "We've seen individual positions gap up and gap down both intra-day and overnight, even in mega-cap stocks. This needlessly disadvantages the end advisory clients as the technology exists to avoid this type of shortcoming."
SMArtX's API capabilities, highly scalable architecture, and real-time processes have been at the forefront of the increase demand for its modern technological solutions and, as a result, driven the significant growth seen thus far in 2022. Over the same period, SMArtX added another 93,425 accounts to its platform, a 118% increase, which were seamlessly absorbed due to the inherently scalable structure of the SMArtX platform.
SMArtX's continued growth is driven by two main applications of its technology: the off-the-shelf TAMP offering, which is built using SMArtX Advisory Solutions' proprietary UMA technology, and the ability to further deploy that tailored UMA technology through APIs to meet the mandates of large enterprises, RIA platforms, and hybrid broker-dealers.
"The market institutions, the trading institutions, and their respective technologies have continued to advance but the advisory space is mired in the bog of legacy infrastructure that cannot adapt," said Jonathan Pincus, President & COO of SMArtX. "SMArtX's ability to address and solve for this technological gap is one of the core drivers for SMArtX's advancement in the unified managed accounts space."
SMArtX Advisory Solutions is an award-winning managed accounts technology provider and manages SMArtX, a turnkey asset management platform ('TAMP'). SMArtX's API-first, cloud-native technology operates within a modular, micro-services architecture, providing clients a tailored solution catered to their unique specifications. SMArtX is available as an off-the-shelf TAMP for advisors seeking wider selection of investment product and ease of use, while automating the investment processes and simplifying the everyday tasks of managing client accounts. SMArtX also licenses its proprietary technology to enterprise firms looking to create, customize, or upgrade their existing managed accounts technology as a standalone or fully integrated solution. SMArtX is the managed account technology and TAMP platform of choice for multiple RIAs, broker-dealers, and asset managers. Learn more at www.smartxadvisory.com
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SOURCE SMArtX Advisory Solutions | https://www.kxii.com/prnewswire/2022/06/29/smartx-advisory-solutions-aum-reaches-2741-billion/ | 2022-06-29T10:48:06Z |
PORTLAND, Ore. (AP) — Dozens of flights along the West Coast were canceled Friday as Alaska Airlines pilots picketed during an impasse in contract negotiations with the airline that have lasted nearly three years.
More than 100 Alaska Airlines flights were canceled by the airline, including 66 in Seattle, 20 in Portland, Oregon, 10 in Los Angeles and seven in San Francisco, according to the flight tracking website flightaware.com. Flights were also expected to be affected in Anchorage, Alaska. Pilots planned to hold a rally and picket in all those cities on Friday, according to a union website.
Pilots with the Air Lines Pilots Association also protested last week in New York City outside the airline’s Investor Relations Day in a precursor of Friday’s picket.
The bargaining actions come as air travel rebounds to pre-pandemic levels and demand is surging as many Americans head off on spring break for long-delayed vacations. Frustrated travelers vented on social media about botched vacation plans and reported that there was up to a 10-hour wait to speak with an airline representative about rescheduling flights. Many said they couldn’t fly out for a day or two.
Robyn Dold, of Battle Ground, Washington, had planned to fly to Missouri on Friday with her husband, daughter and son-in-law to attend her father-in-law’s funeral. The family received an email from Alaska at midnight — six hours before they were to take off — that said their flight was canceled.
Dold spent hours Friday on hold with the airline, and then in line at Portland International Airport, only to learn Alaska could not get them to the funeral on time — or even to a city within 10 hours’ driving distance.
“We’d go with the flow if it was a vacation, but this is something that has a due date that we can’t change and it’s heartbreaking,” she said in a phone interview. “My husband is beside himself. His father was his very best friend.”
Dold, who was to deliver the eulogy, will instead watch the funeral on a one-way livestream with her husband from home, she said.
“What I think really irritates me the most, honestly, is that we weren’t given any notification ahead of time that this was a possibility. We could have made other arrangements ahead of time if they had said, ‘Hey, you know, the pilots might go on strike April 1,’” said Dold, who said she didn’t know enough about the contract negotiations to pass judgment on the strike. “That’s what’s really disappointing.”
Pilots have been in contract negotiations with the airline for nearly three years and the two sides are at an impasse.
The union says Alaska Airlines did not adequately prepare for a return to air travel after the pandemic and didn’t take the necessary steps to retain or attract pilots as demand bounced back. Issues that still need to be resolved include job security, work rules and quality-of-life provisions that provide flexibility and reasonable schedules, it said in a statement, and the current pilot contract falls well behind those at comparable airlines in several key sections.
Alaska Airlines said Friday that it values its pilots and respects their right to picket, but it also needs to negotiate a deal that allows the airline to maintain growth and profitability. Alaska Airlines is working to recover $2.3 billion in losses from the COVID-19 pandemic, it said in a statement.
The airline said it currently offers competitive salaries for its pilots. For example, an Alaska Airlines captain’s average salary is currently $341,000 per year, the airline said. | https://cw33.com/business/ap-business/alaska-airlines-cancels-dozens-of-flights-as-pilots-picket/ | 2022-04-01T19:14:53Z |
Woman killed in single-vehicle crash Thursday morning in Phillips County
PHILLIPSBURG, Kan. (WIBW) - A woman was killed Thursday morning in a single-vehicle crash in Phillips County in north-central Kansas, authorities said.
The crash was reported at 7:40 a.m. Thursday on Phillips County Road 1000, about three and a half miles south of US-36 highway. The location was approximately a mile north and 10 miles west of Phillipsburg.
According to the Kansas Highway Patrol’s online crash log, a 2004 Ford Escape sport utility vehicle drove over to the right shoulder of Phillips County Road 1000 to meet a pickup truck that was traveling south.
The Ford then began to skid on the gravel and traveled across the road to the left shoulder. The Ford then skidded back onto the road and overturned.
The patrol said the Ford’s driver was ejected from the vehicle., which continued to travel into the east ditch before coming to rest on its right side facing south.
The driver of the Ford, Hollie L. Kendall, 49, of Logan, was pronounced dead at the scene.
The patrol said Kendall, who was alone in the Ford, wasn’t wearing a seat belt.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/15/woman-killed-single-vehicle-crash-thursday-morning-phillips-county/ | 2022-04-15T12:09:19Z |
Same-store Sales Increased 23% Sequentially Compared to the Previous Quarter
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated December 3, 2021 to its short form base shelf prospectus dated April 22, 2021.
CALGARY, AB, June 14, 2022 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, filed its financial results for the second fiscal quarter of 2022 ended April 30, 2022, the highlights of which are included in this news release. The condensed interim consolidated financial statements for the three and six months ended April 30, 2022 and the accompanying management's discussion and analysis can be accessed by visiting the Company's website at www.hightideinc.com, and its profile pages on SEDAR at www.sedar.com, and EDGAR at www.sec.gov.
Second Quarter 2022 – Financial Highlights:
- Revenue increased to $81.0 million in the second quarter of 2022 compared to $40.9 million in the same quarter last year. Sequentially, revenue increased by 12% compared to the previous quarter. This represents the second-highest quarterly revenue figure generated by a Canadian cannabis company reporting in Canadian dollars.
- Gross profit increased by 51% to $22.7 million in the second quarter of 2022 compared to $15.0 million in the same quarter last year.
- Gross profit margin in the three months ended April 30, 2022, was 28% compared to 32% in the previous quarter ended January 31, 2022. The drop in gross profit margin is attributed to an increased share of total revenue coming from the bricks-and-mortar retail side of the Company's business, as a result of continued easing of pandemic restrictions across North America, and the rapid organic and inorganic bricks-and-mortar expansion in Canada.
- Adjusted EBITDA1 for the three months ended April 30, 2022, was $2.4 million compared to $3.0 million in the previous quarter ended January 31, 2022. This can be attributed to retail seasonality, as the previous quarter included the holiday season.
- Cabanalytics data sales were $5.1 million in the second quarter of 2022 compared to $2.9 million for the same quarter last year. Sequentially, Cabanalytics data sales increased by 10% compared to the previous quarter.
- For locations operational throughout the second quarter of 2022 and 2021, same-store sales increased by 23%. Since the launch of the discount club model in October of 2021, daily same-store sales have increased by 48%. The Company has continued to experience same-store sales growth since the end of the quarter.
- Geographically in the second quarter of 2022, revenue of $63.5 million was earned in Canada, $15.9 million was earned in the United States and $1.6 million was earned internationally. Compared to the second quarter of 2021, revenue increased by 81% in Canada, 181% in the United States, and 864% internationally.
- Segment-wise in the three months ended April 30, 2022, $80.0 million of revenue was generated by Retail, $1.0 million by Wholesale, and an immaterial amount by Corporate.
- Cash on hand as of April 30, 2022, totaled $15.0 million.
"Once again, I can proudly report that High Tide continues to see consistent and significant growth year-over-year and sequentially with every passing quarter, despite a persistently challenging macro environment and the state of the capital markets. Since its launch, the ongoing growth of our innovative discount club model has resulted in a 48% increase in daily same-store sales, contributing to our 98% revenue growth over the same quarter last year. While we aggressively gain retail market share in Canada ahead of our peer group, we have remained adjusted EBITDA positive for the ninth straight quarter. Although we are pleased with our EBITDA of $2.4 million this quarter, we highlight that, as the only pure-play cannabis retailer trading on Nasdaq, direct ongoing costs incurred associated with our Nasdaq listing amounted to approximately $750,000 this quarter. Our continued EBITDA positivity is a critical point for us, as we are steadily growing at the same time when many of our publicly-traded and private peers are facing fierce challenges and slowing down," said Raj Grover, President and Chief Executive Officer of High Tide.
"We also continue to be the acquirer of choice, as many independents see compelling value in joining the High Tide family in this highly competitive retail landscape. Our recently-launched Cabana Cannabis Co. products will further contribute to healthy margin increases, since we expect our house-branded products to represent a 20-30% share of our total bricks-and-mortar sales over the long term. We are currently sitting at 126 stores across Canada, and remain confident that we will reach our goal of 150 stores by the end of the 2022 calendar year. Last quarter, we became the second-largest revenue-generating Canadian cannabis company that reports in Canadian dollars, and we are now on an annualized revenue run rate trajectory of approximately $325 million. I am lazer-focused on ensuring that High Tide's growth trajectory will bring us to that coveted number one position in Canada. I want to give a huge shout out and thanks to the entire High Tide team for consistently producing industry-leading results," added Mr. Grover.
Second Fiscal Quarter 2022 – Operational Highlights:
- Organic retail store expansion continued with 5 new Canna Cabana locations: 3 in Alberta and 2 in Ontario.
- Cabana Club membership increased to over 550,000 members as of today, from 245,000 at the launch of the Company's discount club model, representing a 124% increase over the past 8 months.
- Following the success of its discount club model, the Company celebrated the milestone of 420,000 Cabana Club members by launching an exclusive car giveaway contest, which was the first of its kind in North America and will be an annual event going forward.
- The Company was recognized as one of the top 10 performing diversified industries stocks in the 2022 TSX Venture 50™, which comprises the top 50 companies from over 1,600 listed on the TSX Venture Exchange.
- The Company closed the acquisition of Bud Room Inc. on February 10, 2022, securing ownership of Fastendr™ retail kiosk and smart locker technology. Fourteen Canna Cabana locations have been equipped with Fastendr™ technology, which is helping to further differentiate the Company's already-unique retail concept.
- The Company launched cannabis delivery on demand through select Canna Cabana locations in Ontario, Manitoba, and Saskatchewan on February 22, 2022, and in Alberta on March 8, 2022.
- On March 3, 2022, the Company announced that it had entered into an agreement to acquire four established retail cannabis stores, operating as Crossroads Cannabis, in Stratford, Woodstock, Hanover, and Markdale, Ontario. On April 27, the Company closed the acquisition of the three Crossroads Cannabis stores in Stratford, Hanover, and Markdale.
- The Company's subsidiary, Fab Nutrition, LLC., operating as 'FAB CBD,' launched a Subscribe-and-Save discount program in the United States on March 7, 2022.
- The Company's subsidiary, Enigmaa Ltd., operating as 'Blessed CBD,' launched online sales of its premium hemp-derived CBD products in Germany on March 9, 2022.
- On March 30, 2022, the Company announced that it had entered into an agreement to acquire two established retail cannabis stores, operating as Bud Heaven, in Bracebridge, Ontario.
- On April 1, 2022, the Company announced that it had entered into an agreement to acquire two established retail cannabis stores, operating as Boreal Cannabis, in Slave Lake and St. Paul, Alberta. On April 22, 2022, the Company announced that it had closed the acquisition of Boreal Cannabis, adding the two stores to the Canna Cabana network.
- On April 18, 2022, the Company entered into a letter of intent with ConnectFirst Credit Union for CAD$30 million in non-dilutive credit facilities. These facilities consist of CAD$15 million of term debt and CAD$15 million in a mergers and acquisitions revolving master line. The Company expects to close the credit facilities in the month of July.
Subsequent Events:
- The Company organically opened one new store in Alberta, one in Saskatchewan, and one in Ontario. The Company's total store count as of today is 126 across Canada.
- The Company completed the acquisition of the final Crossroads Cannabis store in Woodstock, Ontario.
- The Company completed the acquisition of Bud Heaven, adding two established cannabis retail stores in Bracebridge, Ontario.
- The Company's President and Chief Executive Officer, Raj Grover, received the Cannabis Person of the Year Award at the O'Cannabiz Industry Awards Gala on June 1, 2022.
- On June 13, 2022, the Company announced the launch of its Cabana Cannabis Co. line of house-branded products in Saskatchewan, with anticipated launches in Ontario and Manitoba within the coming weeks, pending listing approval.
Selected financial information for the three and six months ended April 30, 2022:
(Expressed in thousands of Canadian Dollars)
The following is a reconciliation of Adjusted EBITDA to Net loss:
Outlook:
High Tide continues to be the largest non-franchised retailer in the Canadian bricks-and-mortar cannabis market with 126 locations across the country. The Company's launch of its innovative discount club model near the end of the fourth fiscal quarter of 2021 has delivered tremendous results to date, with same-store sales having continued to accelerate throughout the second fiscal quarter of 2022. As stated in this financial release, the Company reported revenue of $81.0 million in the second fiscal quarter of 2022, which is the second-highest quarterly revenue figure amongst all Canadian cannabis companies that report in Canadian dollars. Through organic growth and accretive M&A, the Company expects to continue to increase its revenue through the third fiscal quarter of 2022, and for the remainder of the year. With 126 stores, the Company is well on its way to achieving its goal of increasing its Canadian retail store portfolio to at least 150 locations by the end of 2022. The Company anticipates entering the British Columbia market within the third fiscal quarter of 2022, and will continue growing strategically in other provinces where it currently operates. The Company has been integrating its recently-acquired customized Fastendr™ technology across its retail store network, which it expects will drive greater efficiency and improve the customer experience. Fourteen of the Company's stores are now equipped with the Fastendr™ technology. Subject to hardware availability and logistics, the Company anticipates having all of its Canna Cabana locations outfitted with this technology by the end of the 2022 calendar year. The Company expects continued launches of more Cabana Cannabis Co. branded SKUs throughout 2022 and 2023. The Company also has firm plans to build upon its existing momentum in the international hemp-derived CBD and consumption accessories e-commerce sectors. Throughout 2022, High Tide will continue to integrate and expand CBD brands that it acquired in 2021, including NuLeaf Naturals, FAB CBD, and Blessed CBD. As part of the identified synergies within the Company's diversified ecosystem, and as previously communicated, the Company recently launched subscribe-and-save programs on the platforms of all three of its CBD subsidiaries. Through its United Kingdom-based subsidiary, Blessed CBD, the Company entered the German market with the organic sale of premium hemp-derived CBD products on its e-commerce platform. The Company continues to monitor the German legislative process closely, given that the new German government has recently indicated its intent to introduce a cannabis legalization bill by the end of 2022. In addition to growing its in-house brands, High Tide intends to continue growing its online retail portfolio through further strategic and accretive acquisitions.
In addition, the Company, through its subsidiaries ("Subsidiaries"), intends to restart sales in certain states in the United States of products containing hemp-derived cannabinoids, including delta-8 tetrahydrocannabinol ("Delta-8") and delta-9 tetrahydrocannabinol ("Delta-9"), extracted from cannabis plants that meet the definition of "hemp" under the Agriculture Improvement Act of 2018. The legality of Delta-8 derived from hemp is uncertain and varies from state to state, with some states banning the sale of products containing Delta-8. The Company will not sell into any states where the sale of Delta-8 is prohibited at the state level. At the federal level in the United States, the legality of Delta-8 remains unclear. The United States Drug Enforcement Agency ("DEA") has issued a statement that some have interpreted as making hemp-derived Delta-8 illegal, while it has issued other statements that some interpret to the contrary. As a result, there is a risk that the DEA could consider Subsidiaries' Delta-8 products an illegal controlled substance under the U.S. Controlled Substances Act (the "CSA") or the Federal Analogue Act in the United States. Please refer to the Company's management discussion and analysis dated June 14, 2022, available on www.sedar.com, for more information about the risks associated with Delta-8 and Delta-9.
High Tide Earnings Event Webcast:
The Company will host a webcast and conference call to discuss their unaudited results and outlook at 5:30 PM (Eastern Time) today, Tuesday, June 14, 2022.
Webcast Link for High Tide Earnings Event:
https://events.q4inc.com/attendee/198957094
Participants may pre-register for the webcast by clicking on the link above prior to the beginning of the live webcast. Three hours after the live webcast, a replay of the webcast will be available at the same link above.
Participants who wish to ask questions during the event may do so through the call-in line, the access information for which is as follows:
Canada Dial-In Number (Toll-Free): +1 833 950 0062
Canada Dial-In Number (Local): +1 226 828 7575
United States Dial-In Number (Toll-Free): +1 844 200 6205
United States Dial-In Number (Local): +1 646 904 5544
Dial-In Number for All Other Locations: +1 929 526 1599
Participant Access Code: 076140
*Participants will need to enter the participant access code before being met by a live operator*
ABOUT HIGH TIDE
High Tide is a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets. The Company is the largest Canadian retailer of recreational cannabis as measured by revenue, with 126 current locations spanning Ontario, Alberta, Manitoba, and Saskatchewan. High Tide was featured in the third annual Report on Business Magazine's ranking of Canada's Top Growing Companies in 2021 and was named as one of the top 10 performing diversified industries stocks in the 2022 TSX Venture 50™. The Company is also North America's first and only cannabis discount club retailer, featuring Canna Cabana, Meta Cannabis Co., and Meta Cannabis Supply Co. banners, with additional locations under development across the country. High Tide's portfolio also includes retail kiosk and smart locker technology – Fastendr™. High Tide has been serving consumers for over a decade through its established e-commerce platforms including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com and more recently in the hemp-derived CBD space through Nuleafnaturals.com, FABCBD.com, BlessedCBD.co.uk, and BlessedCBD.de, as well as its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. High Tide's strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information about High Tide Inc., please visit www.hightideinc.com, its profile page on SEDAR at www.sedar.com, and its profile page on EDGAR at www.sec.gov.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events.
The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the Company's business objectives and milestones and the anticipated timing of, and costs in connection with, the execution or achievement of such objectives and milestones (including, without limitation, proposed acquisitions); the Company's future growth prospects and intentions to pursue one or more viable business opportunities; the development of the Company's business and future activities following the date hereof; expectations relating to market size and anticipated growth in the jurisdictions within which the Company may from time to time operate or contemplate future operations; expectations with respect to economic, business, regulatory and/or competitive factors related to the Company or the cannabis industry generally; the impact of the COVID-19 pandemic on the Company's current and future operations; the market for the Company's current and proposed product offerings, as well as the Company's ability to capture market share; the Company's strategic investments and capital expenditures, and related benefits; the distribution methods expected to be used by the Company to deliver its product offerings; the competitive landscape within which the Company operates and the Company's market share or reach; the performance of the Company's business and the operations and activities of the Company; the Company adding the number of additional cannabis retail store locations the Company proposes to add to the Company's business upon the timelines indicated herein, with the Company anticipating entering into British Columbia within the third fiscal quarter of 2022 and remaining on a positive growth trajectory; same-store sales continuing to increase in the third quarter of 2022 and beyond; the Company making meaningful increases to its revenue profile; the Company growing in the German market; the Company continuing to offer the car giveaway contest in future years; the Company deploying Fastendr™ technology across the Company's retail stores upon the timelines disclosed herein, resulting in greater efficiencies and improving the customer experience; the Company continuing to increase its revenue through the third fiscal quarter of 2022, and the remainder of the year; the Company building upon its existing momentum in the international hemp-derived CBD and consumption accessories e-commerce sectors; the Company continuing to integrate and expand its CBD brands; the Company completing the development of its cannabis retail stores; the Company's ability to generate cash flow from operations and from financing activities; the Company's ability to obtain, maintain, and renew or extend, applicable authorizations, including the timing and impact of the receipt thereof; the realization of cost savings, synergies or benefits from the Company's recent and proposed, and the Company's ability to successfully integrate the operations of any business acquired within the Company's business; the Company's intention to devote resources to the protection of its intellectual property rights, including by seeking and obtaining registered protections and developing and implementing standard operating procedures; the anticipated sales from continuing operations for the financial year of the Company ending October 31, 2022; Cabana Club loyalty program membership continuing to increase; the Company reaching its goal of leading global cannabis across all business segments in which they operate; the anticipated sales from continuing operations for the financial year of the Company ending October 31, 2022; the Company hitting its forecasted revenue and sales projections for the third quarter of 2022; the Company's expectations from its Cabana Cannabis Co. white label products; the Company launching additional Cabana Cannabis Co. branded SKUs upon the timelines outlined herein; the Company securing the proposed credit facilities on the terms and within the timelines set out in this news release; the use of proceeds from the proposed credit facilities being utilized as outlined herein; the anticipated effects of the proposed credit facilities on the business and operations of the Company; the Company utilizing the proposed credit facilities to complete future acquisitions; the Company becoming the largest revenue-generating cannabis company in Canada; the Company, through its Subsidiaries, relaunching sales of Delta-8 and Delta-9 products in the United States; house-branded products will represent a 20-30% share of the Company's total bricks-and-mortar sales in the long term; and the Company continuing to grow its online retail portfolio through further strategic and accretive acquisitions.
Forward-looking information in this press release are based on certain assumptions and expected future events, namely: current and future members of management will abide by the Company's business objectives and strategies from time to time established by the Company; the Company will retain and supplement its board of directors and management, or otherwise engage consultants and advisors having knowledge of the industries (or segments thereof) within which the Company may from time to time participate; the Company will have sufficient working capital and the ability to obtain the financing required in order to develop and continue its business and operations; the Company will continue to attract, develop, motivate and retain highly qualified and skilled consultants and/or employees, as the case may be; no adverse changes will be made to the regulatory framework governing cannabis, taxes and all other applicable matters in the jurisdictions in which the Company conducts business and any other jurisdiction in which the Company may conduct business in the future; the Company will be able to generate cash flow from operations, including, where applicable, distribution and sale of cannabis and cannabis products; the Company will be able to execute on its business strategy as anticipated; the Company will be able to meet the requirements necessary to obtain and/or maintain authorizations required to conduct the business; general economic, financial, market, regulatory, and political conditions, including the impact of the COVID-19 pandemic, will not negatively affect the Company or its business; the Company will be able to successfully compete in the cannabis industry; cannabis prices will not decline materially; the Company will be able to effectively manage anticipated and unanticipated costs; the Company will be able to maintain internal controls over financial reporting and disclosure, and procedures in order to ensure compliance with applicable laws; the Company will be able to conduct its operations in a safe, efficient and effective manner; general market conditions will be favourable with respect to the Company's future plans and goals; the Company will reach the anticipated sales from continuing operations for the financial year of the Company ending October 31, 2022; the Company will complete its proposed acquisitions; the Company will hit its forecasted revenue and sales projections for the third quarter of 2022; Cabana Club loyalty program membership will continue to increase; the Company will reach its goal of leading global cannabis across all business segments in which they operate; the Company will deploy Fastendr™ technology across the Company's retail stores, upon the timelines disclosed herein, resulting in greater efficiencies and improving the customer experience; the Company will continue to launch SKUs under its exclusive lineup of Cabana Cannabis Co. white label products on the timelines disclosed herein and these products will contribute to healthy margin increases; house-branded products will represent a 20-30% share of the Company's total bricks-and-mortar sales in the long term; same-store sales will continue to increase in the third quarter of 2022 and beyond; the Company will make meaningful increases to its revenue profile; the Company will grow in the German market; the Company continue the car giveaway contest in future years; the Company will continue to increase its revenue through the third fiscal quarter of 2022, and the remainder of the year; the Company will build upon its existing momentum in the international hemp-derived CBD and consumption accessories e-commerce sectors; the Company will continue to integrate and expand its CBD brands; the Company will continue to grow its online retail portfolio through further strategic and accretive acquisitions; the Company will add the additional cannabis retail store locations to the Company's business and remain on a positive growth trajectory; the Company will complete the development of its cannabis retail stores; the Company will secure the proposed credit facilities (and will have the ability to obtain all requisite approvals) on the terms and within the timelines anticipated; the use of proceeds from the proposed credit facilities will be utilized as outlined herein; the Company will utilize the proposed credit facilities to repay its debt, replace its current credit facility and complete future acquisitions; the Company will enter British Columbia upon the timelines indicated herein; the Company will become the largest revenue-generating cannabis company in Canada; and the Company, through its Subsidiaries, will restart sales of Delta-8 and Delta-9 products in the United States.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company's inability to attract and retain qualified members of management to grow the Company's business and its operations; unanticipated changes in economic and market conditions (including changes resulting from the COVID-19 pandemic) or in applicable laws; the impact of the publications of inaccurate or unfavourable research by securities analysts or other third parties; the Company's failure to complete future acquisitions or enter into strategic business relationships; interruptions or shortages in the supply of cannabis from time to time available to support the Company's operations from time to time; unanticipated changes in the cannabis industry in the jurisdictions within which the Company may from time to time conduct its business and operations, including the Company's inability to respond or adapt to such changes; the Company's inability to secure or maintain favourable lease arrangements or the required authorizations necessary to conduct the business and operations and meet its targets; the Company's inability to secure desirable retail cannabis store locations on favourable terms; risks relating to projections of the Company's operations; the Company's inability to effectively manage unanticipated costs and expenses, including costs and expenses associated with product recalls and judicial or administrative proceedings against the Company; risk that the Company will not reach the anticipated sales from continuing operations for the financial year of the Company ending October 31, 2022; risk that the Company will not hit its forecasted revenue and sales projections for the third quarter of 2022; risk that Cabana Club loyalty program membership will decrease and/or plateau; risk that the Company will not reach its goal of leading global cannabis across all business segments in which they operate; risk that the Company will be unable to deploy Fastendr™ technology across the Company's retail stores or upon the timelines disclosed herein; risk that the Company will be unable to launch additional SKUs under its exclusive Cabana Cannabis Co. brand on the timelines disclosed herein or at all; risk that the Cabana Cannabis Co. products will be unable to contribute to margin increases; risk that house-branded products will not represent a 20-30% share of the Company's total bricks-and-mortal sales in the long term; risk that same-store sales will not increase, but decease and/or plateau; risk that the Company will be unable to increase its revenue profile; risk that the Company will be unable to increase its revenue through the third fiscal quarter of 2022, and the remainder of the year, but that it will decease and/or plateau; risk that the Company will be unable to grow in the German market; risk that the Company will be unable to continue the car giveaway contest in the future; risk that the Company will be unable to expand into British Columbia; risk that the Company will be unable to build upon its existing momentum in the international hemp-derived CBD and consumption accessories e-commerce sectors; risk that the Company will be unable to continue to integrate and expand its CBD brands; risk that the Company will be unable to grow its online retail portfolio through further strategic and accretive acquisitions; risk that the Company will be unable to add additional cannabis retail store locations to the Company's business and remain on a positive growth trajectory; risks that the Company will be unable to complete the development of any or all of its cannabis retail stores; risk that the Company will be unable to secure the proposed credit facilities and/or will be unable to utilize the facilities on the terms and within the timelines anticipated; risk that the Company will be unable to become the largest revenue-generating cannabis company in Canada; risk that the Company, through its Subsidiaries, will be unable to restart sales of Delta-8 and Delta-9 products in the United States; risks surrounding the legality of Delta-8 derived from hemp; risks surrounding the uncertainty and legality of Delta-8 and Delta-9 state to state; risk that the DEA could consider the Company's Delta-8 products an illegal controlled substance under the CSA or Federal Analogue Act in the United States; risk that that state or federal regulators or law enforcement could take the position that the Delta-8 and Delta-9 products and/or this in-process hemp extract are/is a Schedule I controlled substance in violation of the CSA and similar state laws; risk that the Company's Delta-9 products could be considered by state law enforcement and state regulators to be marijuana illegal under state laws criminalizing the possession, distribution, trafficking and sale of marijuana; risk that should the Company become subject to enforcement action by federal or state agencies, the Company could: (i) be forced to stop offering some or all of it Delta-8 and Delta-9 products or stop all business operations, (ii) be subject to other civil or criminal sanctions, and/or (iii) be required to defend against such enforcement and if unsuccessful could cause the Company to cease its operations; and risk that enforcement or regulatory action at the United States federal and/or state level could adversely impact the listings of the Company's common shares on the TSX Venture Exchange and Nasdaq Exchange.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
CAUTIONARY NOTE REGARDING FUTURE ORIENTED FINANCIAL INFORMATION
This press release may contain future oriented financial information ("FOFI") within the meaning of Canadian securities legislation, about prospective results of operations, financial position or cash flows, based on assumptions about future economic conditions and courses of action, which FOFI is not presented in the format of a historical balance sheet, income statement or cash flow statement. The FOFI has been prepared by management to provide an outlook of the Company's activities and results and has been prepared based on a number of assumptions including the assumptions discussed under the heading above entitled "Cautionary Note Regarding Forward-Looking Statements" and assumptions with respect to the costs and expenditures to be incurred by the Company, capital expenditures and operating costs, taxation rates for the Company and general and administrative expenses. Management does not have, or may not have had at the relevant date, firm commitments for all of the costs, expenditures, prices or other financial assumptions which may have been used to prepare the FOFI or assurance that such operating results will be achieved and, accordingly, the complete financial effects of all of those costs, expenditures, prices and operating results are not, or may not have been at the relevant date of the FOFI, objectively determinable.
Importantly, the FOFI contained in this press release are, or may be, based upon certain additional assumptions that management believes to be reasonable based on the information currently available to management, including, but not limited to, assumptions about: (i) the future pricing for the Company's products, (ii) the future market demand and trends within the jurisdictions in which the Company may from time to time conduct the Company's business, (iii) the Company's ongoing inventory levels, and operating cost estimates, (iv) the Company obtaining the proposed credit facilities, and (v) the Company's unaudited financial results for the three and six months ended April 30, 2022. The FOFI or financial outlook contained in this press release do not purport to present the Company's financial condition in accordance with IFRS as issued by the International Accounting Standards Board, and there can be no assurance that the assumptions made in preparing the FOFI will prove accurate. The actual results of operations of the Company and the resulting financial results will likely vary from the amounts set forth in the analysis presented in any such document, and such variation may be material (including due to the occurrence of unforeseen events occurring subsequent to the preparation of the FOFI). The Company and management believe that the FOFI has been prepared on a reasonable basis, reflecting management's best estimates and judgments as at the applicable date. However, because this information is highly subjective and subject to numerous risks including the risks discussed under the heading above entitled "Cautionary Note Regarding Forward-Looking Statements" and under the heading "Risk Factors" in the Company's public disclosures, FOFI or financial outlook within this press release should not be relied on as necessarily indicative of future results.
Readers are cautioned not to place undue reliance on the FOFI, or financial outlook contained in this press release. Except as required by Canadian securities laws, the Company does not intend, and does not assume any obligation, to update such FOFI.
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SOURCE High Tide Inc. | https://www.mysuncoast.com/prnewswire/2022/06/14/high-tide-reports-second-quarter-2022-financial-results-featuring-98-increase-revenue-ninth-straight-quarter-positive-adjusted-ebitda/ | 2022-06-14T21:06:34Z |
Home of Leawood racer sent to prison for tax evasion, fraud sells at auction for $2.4 million
LEAWOOD, Kan. (WIBW) - The former home of a Leawood racer who was most recently sentenced to prison for tax evasion and fraud has been sold at auction for more than $2.4 million.
The former home of Scott Tucker, 59, of Leawood, has been sold at auction for more than $2.4 million after he was sent to prison in March for tax evasion.
Real estate auction site CWS Marketing listed the house as a 4,556 square foot estate with 4 bedrooms, 4.2 bathrooms, a kitchen with a breakfast area, a great room, a hearth room, an office, two fireplaces, a terrace, a second-floor loft and balconies with an attached four-car garage.
Before his conviction, Tucker owned Level 5 Sports, a professional auto racing business that he also drove for.
Tucker was convicted of tax evasion and sentenced to three years in prison after a court found he had filed a false or fraudulent tax return with the Internal Revenue Service.
In 2018, Tucker was also convicted for a nationwide internet payday lending scheme that defrauded Americans out of $3.5 million. He was sentenced to more than 16 years in prison for his role.
In his most recent conviction, Tucker was also ordered to repay $40 million to the IRS in restitution.
The home in question also touts a 4,276 square foot walk-out basement, which includes an additional 1.1 bathrooms, a media room, another office, an exercise room, a game room with a wet bar, a covered patio, storage, and another 4-car garage.
The home is located in the Hallbrook neighborhood and overviews the nearby golf course.
Starting price of the home was listed at $100,000. However, the winning bid totals $2,412,500.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/21/home-leawood-racer-sent-prison-tax-evasion-fraud-sells-auction-24-million/ | 2022-04-21T23:20:02Z |
Lori McClintock died in what the Sacramento County Corner determined was an accident. On the section of the form that asks the coroner to "describe how injury occurred" it lists "subject ingested white mulberry leaf." Death after consuming this leaf was "unusual," according to the experts.
The 61-year-old died in December. Her husband, US Rep. Tom McClintock, a conservative Republican representing Northern California, found her unresponsive inside their locked home.
The paperwork from the coroners' office dated March 10 lists dehydration due to gastroenteritis and "adverse effects of white mulberry leaf ingestion" as her cause of death.
It's unclear why she ingested the leaf. It's also unclear how she consumed it. CNN's emailed request for comment to the congressman's office in Washington D.C. went unanswered. A family statement on the congressmen's Facebook page at the time did not mention anything about the cause of her death.
Some people drink white mulberry leaf tea, others take it in the form of a supplement that comes in both capsule and liquid form.
The plant is native to parts of India and China and has been used by natural medicine practitioners for several millennia. Some practitioners think it can help with weight loss by lowering a person's blood sugar. The theory has been tested by a small number of small studies that showed participants lost some weight. But more research is needed.
A few studies have also tested to see if it can help with diabetes by lowering insulin levels. Other studies have shown it lowered cholesterol in animal studies. But none of these studies are large enough to determine if white mulberry plants have these effects.
The day before McClintock died, the report says that she complained about an upset stomach.
Studies have shown that the consumption of white mulberry can cause gastrointestinal problems including nausea, cramping, bloating and gas.
Typically, most of the symptoms seem "pretty mild," according to Kaitlyn Brown, the clinical managing director of the American Association of Poison Control Centers.
"Generally white mulberry as a plant is pretty safe and have a lower order or risk of human toxicity," Brown said. A death would be unusual.
Brown said the Poison Control line has had some calls about the plant over the years.
Since 2018 until the end of December 2021 they had 100 single substance ingestions of white mulberry plant, meaning it wasn't mixed with anything else. Out of those 100 about 89% were accidental in nature in children under the age of 12.
"Most of these exposures were judged by our specialists who managed the cases to be non toxic, or only expected minimal symptoms, if anything, and only five patients in that 100 patients reported symptoms. And those are pretty mild," Brown said.
They had no reports of life threatening symptoms or reports of deaths.
Brown said there are limits to what science knows about overdoses. It's not a commonly used, regulated drug. There is a study where patients took it as a supplement that cited side effects like bloating, flatulence, and diarrhea, and some constipation, she said. But those symptoms resolved with time.
"No life threatening symptoms have really been described before from this," Brown said.
While it is unclear why this plant could be linked to McClintock's death, Dr. Josh Trebach, a medical toxicologist and emergency room physician said that there is a common phrase in his profession.
"The dose makes the poison," Trebach said. "This is true for things like water, or things like ketchup, anything in the right amounts can be toxic and if this were something like a supplement that are poorly regulated, anything could be in it."
There are limits to what people can know about what goes into a dietary supplement, if that's the form McClintock took it in. There are plenty of cases in which dietary supplements have been adulterated with something else.
The US Food and Drug Administration regulates supplements not as medicine, but as a "conventional" food so these products in whatever form they take, as a supplement or a tea, would not be as closely monitored as a medicine would.
The companies that make dietary supplements do not have to register their products with the FDA. Supplement companies don't have to provide any premarketing safety or efficacy data either. The FDA has cracked down on companies that have adulterated their supplements with actual drugs.
"So that's not out of the realm of possibilities with any sort of dietary supplements," Brown said.
The Natural Products Association that does advocacy work for the supplement industry did not return a request for comment.
Brown said that when cases like this arise its important for people to remember something described as "natural" isn't always safe.
"Even though they're considered natural products, they may still be dangerous if they're used in an inappropriate dose or in the wrong patient," said Brown. "We always recommend that if you are considering using an herbal or dietary supplement that you talk with your primary medical provider to weigh your personal risks and benefits."
She also said that if someone ingests a product and they are not feeling well, they can always call the experts on the Poison Help line (1-800-222-1222) to provide confidential help or they can also visit poisonhelp.org.
"I think of the patients I used to speak to, if they saw a news article about white mulberry leaf and they said, 'oh my goodness, I'm taking white mulberry leaves, am I going to have this happen to me' and they will call the poison center. You know, just to talk about anything that they're experiencing. We're very helpful resource and these type of situations."
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved. | https://www.albanyherald.com/features/health/white-mulberry-leaf-linked-to-congressmans-wifes-2021-death/article_1a6f8944-8c8f-5e08-a4bb-d664b5ef0b34.html | 2022-08-27T01:09:10Z |
Strong growth by Natura brand and Aesop, further improvement in Avon fundamentals
SÃO PAULO, Aug. 11, 2022 /PRNewswire/ -- Natura &Co's (NYSE – NTCO; B3 – NTCO3) second--quarter performance continued to reflect the challenging environment in which it is operating, but the Group recorded positive signs including strong growth by the Natura brand in Brazil and Latin America, another quarter of double-digit growth by Aesop in constant currency and further improvement in Avon's fundamentals.
Natura &Co posted consolidated net revenue of R$8.7 billion, up 0.4% at constant currency (-8.6% in BRL) in the second quarter, on the back of a very strong comparable base, as Q2 of last year saw sales growth of 31.7% at constant currency (CC) and 36.2% in BRL. Adjusted EBITDA margin was 8.0% (-50 bps). Net income was R$ (766.0) million and the Group ended the quarter with a solid net cash position of R$ 4.3 billion.
Digitally-enabled sales represented 49.5% of total sales and were above their pre-pandemic levels at all business units despite a channel rebalancing as retail reopened, with continued growth at Natura and Avon. Digitally-enabled sales include online sales (e-commerce + social selling) and relationship selling using digital apps. At Avon International, penetration of the Avon On app (active representatives who logged in at least once in the last three campaigns) reached 23% in Q2-22, compared to nearly 16% in Q2-21. At Natura Latam, the average number of consultants sharing content increased to 28% this quarter, compared to 24% in Q2-21, while orders through the 1.5 million+ consultant online stores increased by 29% in the region.
Fabio Barbosa, Group CEO of Natura &Co, declared: "In my first few weeks as Group CEO, I have focused mainly on two priorities: the first is redesigning Natura &Co's organizational structure to make it lighter and leaner. At this stage, we have mapped significant savings at the holding company level. If the Company had implemented those changes last year the impact would have been an annualized reduction of at least 40% in recurring corporate expenses. Other changes and estimated savings will be announced later. The second is a review of the governance model and ways of working within Natura &Co, with the holding company strongly concentrated on defining key performance indicators, monitoring and tracking the performance of more autonomous brands, leading the allocation of resources within the group and continuing to promote our 2030 Commitment to life sustainability vision. We are confident that a leaner and a more agile structure, built on a strong foundation of accountability for results, will empower the Business Units to respond with agility to their current strategic and market challenges. At the same time, we are strongly focused on improving the fundamentals of our underperforming businesses, which we regard as our principal challenge and main upside driver.
Though we expect our businesses' revenues to trend better in the second half of the year, we believe the challenges in the macro environment will persist and our margins will remain pressured in the short term. In this context, our clear and immediate priority is to focus on margins and operational cash-flow, and the teams at all our brands and businesses are mobilized and incentivized on those clear goals."
Performance by business unit:
Natura &Co Latam's net revenue was up 5.6% at CC (+0.4% in BRL) in Q2. The Natura brand posted strong 14.8% growth in Latin America at constant currency (+12.2% in BRL) in the quarter. In Brazil net revenue grew by +14.3% in Q2-22, supported by an acceleration in consultant productivity, up by +17.5% in Q2. In Hispanic Latam, net revenue was up +15.5% (+8.8% in BRL.) Growth was mainly driven by Argentina and Colombia, offsetting a decrease in Chile. The Natura brand was again ranked the strongest cosmetics brand in the world in Brand Finance's brand strength index. The Avon brand's revenue was down -5.0% in CC (-12.8% in BRL). In Brazil, net revenue improved sequentially since Q3-21 but still decreased by -10.7% in Q2-22. This was mainly due to a drop of -31% in Fashion and Home sales, while Beauty sales increased nearly +5% in the quarter. In Hispanic markets, net revenue was down -2.8% at CC (-13.9% in BRL), also due to lower Fashion and Home sales and reflecting a very strong comparable base in Q2-21 (+68.0% vs Q2-20 at CC). The new commercial model is showing significant progress in Ecuador and Colombia, with sales growth and a sequential improvement in the number of representatives, activity and productivity. Adjusted EBITDA margin for Natura &Co Latam was 10.8%, stable vs last year, supported by synergies, revenue management and strict financial discipline.
Avon International's net revenue decreased 11.4% at CC (-25.4% in BRL) in Q2. Performance was mainly impacted by the war in Ukraine (excluding Russia and Ukraine, sales were down -5.8% at CC), low consumer confidence and eroding household purchasing power in Europe as well as fewer representatives in Europe. Avon's business fundamentals continued to improve as the new commercial model, now implemented in 16 markets, resulted in higher productivity and activity as well as a stabilizing number of representatives outside Europe. Adjusted EBITDA margin stood at 3.3%, -100 bps vs Q2-21, due to substantially higher cost pressure, the impact of the war in Ukraine and lower volumes, mainly in European markets These were partially offset by an effective revenue management strategy across markets and cost reduction resulting from strict financial discipline and a leaner operating model.
The Body Shop's net revenue was down 11.8% at CC (-25.3% in BRL) in Q2, mainly impacted by post-lockdown channel rebalancing, as the decrease in sales at TBS At Home ("TBSAH") and e-commerce outpaced the progressive retail recovery. Store revenues were up vs last year (excluding buybacks) and improved vs. Q1-22, with growing footfall, albeit at a slower than expected pace, and are still trading down compared to Q2-19. Sales to franchisees posted a decline in Q2, but are showing increased retail sales month on month, further reducing inventory as they recover from lockdowns. Adjusted EBITDA margin was 3.3%, -970 bps vs Q2-21, driven by lower volumes and channel mix, due to the decrease at TBSAH and in e-commerce and lower sell-in to franchisee partners. To address these challenges through H2, management has been focused on actions to drive margin improvement, including leveraging recent investments to drive store productivity, especially in the critical fourth quarter; continued store footprint optimization; margin improvement from focusing on category mix (skincare) and revenue management, as well as a detailed review of SG&A costs.
Aesop posted another excellent quarter, with net revenue increasing by 24.5% at CC (+5.7% in BRL). All markets delivered double-digit growth, led by North America and Asia-Pacific. Aesop continues to consistently post superior sales growth on a like-for-like basis, improving overall store productivity, while continuing to roll out new stores in new cities such as Madrid (Spain) and Cambridge (UK) as well as in existing markets such as Japan, South Korea, Canada and Australia. Q2 adjusted EBITDA margin was 16.2%, -480 bps compared to Q2-21, mainly due to planned higher investments in digital, categories, geographies (mainly preparations for China entry by end-2022) and human resources to continue driving future sustainable growth.
About Natura &Co
Natura &Co is a global, purpose-driven, multi-channel and multi-brand cosmetics group which includes Avon, Natura, The Body Shop and Aesop. Natura &Co posted net revenues of R$40.1 billion in 2021. The four companies that form the group are committed to generating positive economic, social and environmental impact. For 130 years Avon has stood for women: providing innovative, quality beauty products which are primarily sold to women, through women. Founded in 1969, Natura is a Brazilian multinational in the cosmetics and personal care segment, leader in direct sales. Founded in 1976 in Brighton, England, by Anita Roddick, The Body Shop is a global beauty brand that seeks to make a positive difference in the world. The Australian beauty brand Aesop was established in 1987 with a quest to create a range of superlative products for skin, hair and the body.
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SOURCE Natura &Co | https://www.mysuncoast.com/prnewswire/2022/08/11/natura-ampcos-sales-stabilized-q2-profitability-is-impacted-by-cost-pressure/ | 2022-08-12T00:55:22Z |
Meals on Wheels Plus of Manatee held ribbon cutting event
Published: Jun. 6, 2022 at 3:51 PM EDT|Updated: 21 minutes ago
MANATEE COUNTY, Fla. (WWSB) - Meals on Wheels Plus of Manatee held a ribbon cutting event to celebrate their new two-story facility. The new facility was a consolidation that brought all employees to the new location.
The property was already owned by Meals on Wheels Plus of Manatee and used to house a few employees and the food bank. The second floor also has a nutrition center that will be used for training sessions.
The new building has a state-of-the-art call center allowing for better response to the community and partners.
The group is still waiting for their appliances for the nutrition center to come in and then the facility will be finished and ready go.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/06/06/meals-wheels-plus-manatee-held-ribbon-cutting-event/ | 2022-06-06T20:14:37Z |
Partnership will integrate cyber threat intelligence and risk management solutions into one of the leading markets in Latin America
LOS ANGELES, Aug. 26, 2022 /PRNewswire/ -- Resecurity, a U.S. cybersecurity and intelligence company, announced its partnership with ECOMIL SAS to expand Resecurity's AI-driven cybersecurity solutions and threat intelligence services to Colombia. Based in Bogotá, Colombia, ECOMIL SAS provides cybersecurity, IT management and networking solutions to enterprise and government customers in Colombia.
Colombia is rapidly transforming to a digital economy, where remote work has exploded 400% post pandemic. The transition to a digital economy has increased the threat of cyber-attacks, which increased 59% in the first half of 2020 alone. The uptick in cyber-attacks have increased the need for cyber security services in Colombia. To accelerate the adoption of AI-powered cybersecurity solutions, Resecurity is partnering with ECOMIL SAS to provide managed threat detection and response to Colombian organizations, along with tailored solutions oriented on needs of law enforcement, government agencies, aerospace and defense (A&D).
"We are thrilled to partner with ECOMIL and to join forces to deliver our solutions across all market verticals in Colombia" – said Gene Yoo, CEO of Resecurity, Inc.
"Partnership with Resecurity will positively impact on Colombian cybersecurity market, and will enable delivery of cutting-edge solutions to protect critical sectors of economy" – Edgar Ernesto Hernandez, CEO of Ecomil SAS.
Resecurity's innovative cybersecurity solutions allow organizations to automate the identification, assessment, and triage of possible cyber threats while staying ahead of cybercriminals using advanced tactics to attack organizations at scale. The AI-driven platform allows administrators to reduce potential blind spots and security gaps by quickly seeing in-depth analysis and specific artifacts obtained through the Dark Web, botnets activity, network intelligence, and high-quality threat intelligence.
Click here to learn more about Resecurity's cybersecurity solutions.
Reference:
https://www.trade.gov/market-intelligence/colombia-cybersecurity-outlook
Resecurity, Inc. (Los Angeles, California) is a cybersecurity company providing managed threat detection and response for Fortune 500. The company delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence. Known for providing best-of-breed data-driven intelligence solutions, Resecurity's services and platforms focus on early-warning identification of data breaches and comprehensive protection against cybersecurity risks. Founded in 2016, it has been globally recognized as one of the world's most innovative cybersecurity companies with the sole mission of enabling organizations to combat cyber threats regardless of how sophisticated they are. Most recently, Resecurity was named as one of the Top 10 fastest-growing private cybersecurity companies in Los Angeles, California by Inc. Magazine. An official member of AFCEA, FS-ISAC, NDIA, SIA, Infragard, the American Chamber of Commerce in Saudi Arabia (AmChamKSA) and the American Chamber of Commerce in Mexico (AmChamMexico). To learn more about Resecurity, visit https://resecurity.com.
ECOMIL SAS is a leading technology services provider based in Bogotá, Colombia. ECOMIL provides Colombian organizations and companies with expertise in telecommunications, information security, network infrastructure, cloud solutions, and support/professional services with many years of experience in the market. https://www.ecomil.co.
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SOURCE Resecurity | https://www.wibw.com/prnewswire/2022/08/26/resecurity-usa-partners-with-ecomil-sas-accelerate-cybersecurity-colombia/ | 2022-08-26T21:34:06Z |
Which Sheba cat food is best?
Whether your cat lounges in the sun of a window all day long or prefers to bask on an outdoor patio, the food it eats has to meet all of its nutritional needs. Your feline companion is an obligate carnivore who needs real meat in its diet to thrive, so why waste time feeding cat food that is mostly filler, artificial flavors and meat by-products?
The Sheba Perfect Portions Bistro Chicken in Alfredo Sauce has the great ingredients you want for your cat and delicious, meaty taste that your cat craves.
What to know before you buy Sheba cat food
Food consistency
Sheba specializes in wet cat food. But not all cat food has the same consistency. Sheba’s four lines of food have different textures to satisfy the preference of even the pickiest eater.
- Bistro: Bistro meals have a meaty, chewy texture that cats love. It comes basted in gravy.
- Premium pates: Premium pates are smooth and easy to eat. No chewing is required, which means they are great for kittens and senior cats.
- Cuts in gravy: Some cats prefer to try out their teeth on something a little meatier. Cuts in gravy provide more opportunities to chew.
- Garden medleys: Garden medleys options have a texture somewhere between pates and bistro meals. It’s a good transition food for kittens.
How much food cats need
Sheba cat food comes in single-serving trays with 2.6 ounces in each. Some cats may need more than one serving for each meal, while others do just fine with one tray.
What to look for in a quality Sheba cat food
Single-serving trays
Single-serving trays for Sheba cat food mean no messy leftovers. You don’t need to figure out how to store a stinky can of cat food in your refrigerator anymore.
Safe and healthy food
Unlike other brands of cat food, Sheba has never had a recall for adverse illnesses or injuries. You can feel confident that what you are giving your feline friend is safe.
Many Sheba cat foods are also free from wheat, corn or soy, and all of them have no artificial flavors, colors or ingredients.
Sustainable ingredients
As of 2021, Sheba is committed to using only 100% sustainably sourced fish. This commitment to the environment means that your cat will have fish for many years to come.
Extra hydration
Sheba wet cat food provides the extra hydration your cat needs. This is especially important during the summer months or if you live in a year-round warmer climate. Gravy-covered entrees in particular are good for cats who need more liquids in their diet.
Variety
Just like people, cats enjoy a variety in their diet. This includes everything from the texture of their food to its flavor. Sheba offers variety packs to shake things up at meal times.
Even if your cat eats dry food regularly, topping their ration with wet food is a nice treat from time to time.
How much you can expect to spend on Sheba cat food
The price varies slightly across the different product lines but not by much. Expect to spend 80 cents-$1 per serving.
Sheba cat food FAQ
How do you transition a cat to a new food?
A. To avoid digestive upset and to make sure that your cat likes their new food, take time to slowly transition them.
- Slowly swap some of the new food for the old — a teaspoon or less per feeding.
- Aim for swapping out no more than 25% for the first few days, then gradually increase the amount of new food.
- Do not provide human food or treats during this process.
- Go slowly. This process should take at least a week.
Does Sheba make cat treats?
A. Yes. Their Meaty Tender Sticks product line is made with real meat and comes in three flavors: chicken, salmon and tuna.
Adult cats can enjoy one stick per day, either whole or broken up into pieces. These are great for teaching your cat tricks.
What’s the best Sheba cat food to buy?
Top Sheba cat food
Sheba Perfect Portions Bistro Chicken in Alfredo Sauce
What you need to know: This is perfect for the kitty who needs a little more encouragement to eat.
What you’ll love: This contains 24 trays of two servings each. It is good for indoor or outdoor adult cats. This food has no grain, corn or artificial coloring, flavors or preservatives. This line of Sheba food comes in 12 different flavors.
What you should consider: A common issue with all Sheba food is the struggle to get the small tray open. People with mobility issues or hand pain may have a hard time.
Where to buy: Sold by Amazon and Chewy
Top Sheba cat food for the money
Sheba Perfect Portions Wet Cat Food Variety Pack
What you need to know: This is perfect for cats who prefer the smooth texture of pate.
What you’ll love: This 48-serving case comes in three flavors: savory chicken, roasted turkey and tender beef entrees. It contains no grains, corn, wheat or soy. It’s great for cats of all ages.
What you should consider: Some pet owners wanted more sauce with this pate.
Where to buy: Sold by Amazon
Worth checking out
Sheba Perfect Portions Soft Cuts in Gravy Gourmet Variety Pack
What you need to know: If your cat prefers larger chunks of food, this variety pack will satisfy that need.
What you’ll love: High-quality protein is served with a rich gravy to tempt your kitty. This comes in three flavors: salmon, signature tuna and delicate whitefish and tuna entrees. This food works for older kittens and adult and senior cats.
What you should consider: This may not be a good choice for cats with a history of urinary tract blockages.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/best-sheba-cat-food/ | 2022-08-05T13:18:02Z |
FORT LAUDERDALE, Fla., July 28, 2022 /PRNewswire/ -- Customers rave about Techy's quick repairs and exceptional customer service, so it is befitting that Techy will open a new sector of its business that is all about catering to its customers. Techy Cafe has partnered with Walmart to elevate the customer service experience. Consider it the supercenter of Techy repair stores. Inside Walmart, customers can visit a Techy Cafe for a cup of coffee, espresso, snacks, and more while they inquire about electronic repair services.
Techy Cafe's new Walmart locations will expand the franchise's existing partnership with one of the largest corporations in the world. Now, The Techy franchise has Techy and Techy Cafe inside Walmart throughout the country. Although both locations will provide repair services for all electronics, Techy Cafe will include a sitting area so customers can feel comfortable getting their devices repaired while having the coffee shop experience.
Walmart across the United States gets millions of foot traffic to their stores daily, giving franchise owners an opportunity for new and current customers to walk into their repair store. A Techy Cafe is a great business model for franchisees who want a store known for providing their customers with top-tier service.
When a franchise owner opens a Techy Cafe, they will have access to resources to help them run a successful store location, such as coffee and espresso machines, furniture for customers sitting areas, and more. Franchise owners can also provide buyback services for those who want to get rid of their gently used electronic devices (computers, tablets, phones). Customers looking for affordable devices can visit Techy Cafe for certified pre-owned smartphones, laptops, and more.
A warm, friendly smile from a Techy technician and a cup of coffee can help customers feel at ease, especially when someone comes in with a broken device. Techy is all about giving customers options and keeping a positive environment. The purpose of Techy Cafe is to let customers know that Techy is there to meet their needs.
Techy By DrPhoneFix changed its name in June 2020 to show that it offers more than phone repairs. It has added electronic buybacks and smart home installations like mounting TV as part of its services. Since its establishment in 2006, the company has grown to 230+ locations and has a 24,000 sq. ft state-of-the-art headquarters in Fort Lauderdale, FL.
Contact: Nicole Cooper, franchise@techycompany.com, 877-752-0956
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SOURCE Techy | https://www.mysuncoast.com/prnewswire/2022/07/28/techy-cafe-now-opening-inside-walmart-coffee-shop-experience-amp-electronic-repairs/ | 2022-07-28T15:48:39Z |
NEW YORK, Aug. 2, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for KRKR, GOVX, REV, AMD, and TLRY.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- KRKR: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=KRKR&prnumber=080220225
- GOVX: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=GOVX&prnumber=080220225
- REV: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=REV&prnumber=080220225
- AMD: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=AMD&prnumber=080220225
- TLRY: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=TLRY&prnumber=080220225
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.wibw.com/prnewswire/2022/08/02/thinking-about-buying-stock-36kr-holdings-geovax-labs-revlon-advanced-micro-devices-or-tilray/ | 2022-08-02T17:00:11Z |
ST. LUCIE COUNTY, Fla. , June 14, 2022 /PRNewswire/ -- The Law Offices of Jason Turchin announces the filing of a burn injury lawsuit against SHARKNINJA OPERATING LLC and KOHL'S, INC. on behalf of a consumer burned by an allegedly defective pressure cooker. The product liability lawsuit involves burn injuries caused by use of the Ninja Foodi 11-in-1 Pro Pressure Cooker & Air Fryer. The case is Moberly v. SharkNinja Operating LLC and Kohl's Inc. and was filed in the Circuit Court for the St. Lucie County, Florida.
The Plaintiff alleges she suffered severe burns when her Ninja Foodi 11-in-1 Pro Pressure Cooker & Air Fryer exploded hot contents onto her body. The pressure cooker lawyers at the Law Offices of Jason Turchin continue to handle pressure cooker injury claims throughout the United States, including against SharkNinja.
"We tried to contact SharkNinja about the allegations in this case and others. To date, they have ignored all communications," says Turchin. Turchin's firm was previously lead counsel in a consolidated federal lawsuit against Tristar Products in New Jersey titled IN RE: TRISTAR PRODUCTS LITIGATION. "These cases are not just about money. We want to know why SharkNinja didn't respond to us after they were put on notice of numerous incidents of consumers getting burned," adds Turchin.
Turchin's firm is also co-lead counsel in a national pressure cooker class action lawsuit filed against Sunbeam Products, Inc. involving the 600-V1 model Crock-Pot Multicooker. That product has now been recalled. His law firm also represents victims burned by exploding contents from pressure cookers, including claims against Maxi-Matic, Gourmia, Bella Housewares, Instant Pot and more.
Turchin continues to represent pressure cooker burn victims in the hopes that companies will fix alleged defects to prevent more people from getting hurt. "We want to make sure these products are safe. There should be zero tolerance for failure," adds Turchin.
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SOURCE Law Offices of Jason Turchin | https://www.mysuncoast.com/prnewswire/2022/06/14/sharkninja-pressure-cooker-burn-injury-lawsuit-filed-by-national-product-liability-lawyer-jason-turchin/ | 2022-06-14T22:35:02Z |
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.wibw.com/prnewswire/2022/05/18/michigan-morel-hunting-happening-nowcaution-warranted/ | 2022-05-18T20:19:19Z |
New dispensary expands patient access to medical cannabis; grand opening specials available
TALLAHASSEE, Fla., July 1, 2022 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the United States, today announced the grand opening of a new medical dispensary in Morgantown-Granville, WV. Located at 525 Granville Square, the doors open at 10 a.m. on Friday, July 1, 2022.
The 5,100 square-foot dispensary is situated in a highly trafficked area of Morgantown, adjacent to University Town Center and within the Granville Square Shops outlet mall. The Company's fifth retail location in West Virginia will be open seven days a week from 10am – 6pm and features enhanced visual elements and robust product offerings.
Grand opening festivities will be held on Saturday, July 9 throughout the day to include partner giveaways, deals and specials, and all registered patients will receive a 25% discount. On-site medical care specialists will be available to assist with medical card registration and certification for West Virginia patients.
"In the past year, West Virginia's medical cannabis program has added nearly 10,000 patients, and we are thrilled to serve this flourishing community through our newest location," said Chief Executive Officer Kim Rivers, "Trulieve's growing retail footprint demonstrates our ongoing commitment to provide the best quality services and products for the state's registered medical cannabis patients. We look forward to supporting our patients throughout their cannabis journey and strengthening community connections in this developing market."
Trulieve patients across West Virginia can choose from a large selection of THC and CBD products available in a variety of consumption methods, including flower, concentrates, tinctures, topicals, ingestibles, and more. Designed to meet every patient's needs, our portfolio of in-house brands includes Cultivar Collection, Momenta, Muse, TruFlower and more.
Last November, Trulieve opened West Virginia's first dispensary and has since expanded its store hours to welcome patients seven days a week. This will be Trulieve's second location in Morgantown. The Company has already opened three new dispensaries in the state this year, with plans to open four additional dispensary locations by the end of the year in Milton, Hurricane, Huntington and Belle.
For more information on store locations, please visit https://www.trulieve.com/dispensaries/west-virginia.
About Trulieve
Trulieve is an industry leading, vertically integrated cannabis company and multi-state operator in the U.S. operating in 11 states, with leading market positions in Arizona, Florida, and Pennsylvania. Trulieve is poised for accelerated growth and expansion, building scale in retail and distribution in new and existing markets through its hub strategy. By providing innovative, high-quality products across its brand portfolio, Trulieve delivers optimal customer experiences and increases access to cannabis, helping patients and customers to live without limits. Trulieve is listed on the CSE under the symbol TRUL and trades on the OTCQX market under the symbol TCNNF. For more information, please visit Trulieve.com.
Facebook: @Trulieve
Instagram: @Trulieve_
Twitter: @Trulieve
Investor Contact
Christine Hersey, Executive Director of Investor Relations
+1 (424) 202-0210
Christine.Hersey@Trulieve.com
Media Contact
Rob Kremer, Executive Director of Corporate Communications
+1 (404) 218-3077
Robert.Kremer@Trulieve.com
MATTIO Communications
Trulieve@Mattio.com
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SOURCE Trulieve Cannabis Corp. | https://www.kxii.com/prnewswire/2022/07/01/trulieve-opening-morgantown-wv-medical-dispensary/ | 2022-07-01T13:06:30Z |
NEW YORK, April 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Tattooed Chef, Inc. ("Tattooed Chef" or the "Company") (NASDAQ: TTCF). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Tattooed Chef and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On August 12, 2021, Tattooed Chef issued a press release announcing its financial results for the second quarter of 2021. Among other results, the Company disclosed revenue of $50.7 million, missing consensus estimates by $3.35 million.
On this news, Tattooed Chef's stock price fell $3.30 per share, or 16.25%, to close at $17.01 per share on August 13, 2021.
Then, on March 11, 2022, Tattooed Chef issued a press release stating that on March 7, 2022, the Company's Board of Directors "concluded that the Company's unaudited interim condensed consolidated financial statements for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021, each as previously filed with the Securities and Exchange Commission ('SEC'), should no longer be relied upon because the Company did not properly record the tax effects associated with the Company's issuance of 825,000 shares of its common stock to Harrison Co. in June 2021 as partial consideration for services rendered in connection with the Company's de-SPAC transaction that occurred in October 2020." Accordingly, Tattooed Chef advised that "[t]he Company will restate the unaudited consolidated financial statements" at issue.
On this news, Tattooed Chef's stock price fell $1.03 per share, or 9.07%, to close at $10.33 per share on March 14, 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/2022/04/04/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-tattooed-chef-inc-ttcf/ | 2022-04-04T09:29:30Z |
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